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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21864
WisdomTree Trust
(Exact name of registrant as specified in charter)
245 Park Avenue, 35th Floor
New York, NY 10167
(Address of principal executive offices) (Zip code)
The Corporation Trust Company
1209 Orange Street
Wilmington, DE 19801
(Name and address of agent for service)
Registrant’s telephone number, including area code: (866) 909-9473
Date of fiscal year end: March 31
Date of reporting period: March 31, 2021
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
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| Item 1. | Reports to Stockholders. |
| (a) | The Reports to Shareholders are attached hereto. |
| (b) | Not applicable. |
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WisdomTree Trust
Annual Report
March 31, 2021
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
WisdomTree U.S. ESG Fund (RESP)
WisdomTree U.S. High Dividend Fund (DHS)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
WisdomTree U.S. LargeCap Fund (EPS)
WisdomTree U.S. MidCap Dividend Fund (DON)
WisdomTree U.S. MidCap Fund (EZM)
WisdomTree U.S. Multifactor Fund (USMF)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
WisdomTree U.S. SmallCap Dividend Fund (DES)
WisdomTree U.S. SmallCap Fund (EES)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
WisdomTree U.S. Total Dividend Fund (DTD)
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Information about Performance and Shareholder Expense Examples (unaudited) | 2 | |||
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| Schedules of Investments | ||||
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“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
Table of Contents
Market Environment Overview
(unaudited)
The U.S. equity market, as measured by the S&P 500® Index, returned 56.35% for the 12-month fiscal year ending March 31, 2021 (the “period”).
U.S. equities significantly recovered to return 20.54%, as measured by S&P 500® Index, in the second quarter of 2020 following the outbreak of the novel coronavirus (“COVID-19”) in the preceding quarter. Emergency action taken by the U.S. Federal Reserve (the “Fed”), including benchmark rate cuts and quantitative easing measures, helped support equities as economic activity slowed from lockdowns instituted by local governments. Fiscal policy measures, including enhanced unemployment insurance and business loans, also drove positive U.S. equity returns. Notably, the second quarter of 2020 was the strongest quarter of performance in over 20 years, as measured by the S&P 500® Index, despite elevated levels of unemployment, contracting business activity, and uncertainty about a second wave of COVID-19 infections, as well as, the outcome of the 2020 U.S. presidential election.
The recovery in U.S. equities persisted in the third quarter of 2020, although at a moderating pace, in which the S&P 500® Index returned 8.93%. Economic indicators continued to recover from previous lows. U.S. unemployment rates declined to 7.8% but remained above the 3.6% pre-pandemic level. Meanwhile, business activity reentered expansionary territory and consumer spending rebounded in the third quarter of 2020. Optimism about COVID-19 vaccine candidates also contributed to positive equity market sentiment. U.S. gross domestic product grew 33.4% in the third quarter of 2020, following a 31.4% decrease in the second quarter of 2020, marking a significant recovery for the U.S. economy.
The upward trajectory in U.S. equities continued in the final quarter of 2020. The S&P 500® Index returned 12.15%. A key driver of gains in the quarter was regulatory approval of two separate COVID-19 vaccines. Also contributing to positive performance was a reduction in uncertainty following the U.S. presidential election as well as the passage of a $900 billion COVID-19 relief bill that included direct payments to individuals, additional support for small businesses, and extended unemployment benefits. Increasing rates of COVID-19 infections stifled economic activity in the fourth quarter of 2020. Consumer spending declined in November 2020 for the first time since the early stages of the COVID-19 pandemic. Meanwhile, the Fed’s ongoing commitment to accommodative monetary policy helped support U.S. equities despite rising infection rates and a slowdown in economic recovery in the fourth quarter of 2020.
U.S. equities rose for a fourth consecutive quarter in the first quarter of 2021 in which the S&P 500® Index increased 6.17%. Ongoing fiscal and monetary stimulus as well as a national COVID-19 vaccine roll out helped lead stocks higher. At the end of the quarter, an additional $2.5 trillion dollars in fiscal spending was proposed, primarily focused on improving infrastructure. Meanwhile, economic data continued to point towards recovery. Jobless claims fell to the lowest level since the onset of the COVID-19 pandemic, retail sales increased at the fastest pace since June 2020, and the U.S. ISM manufacturing index, considered to be a key indicator of the state of the U.S. economy, reached the highest level since 1983 indicating an expansion of the U.S. economy.
Over the period, the increase in long-term U.S. interest rates exceeded the decrease in short-term U.S. interest rates, resulting in a steepening in the U.S. Treasury yield curve. The Fed funds rate was unchanged, remaining in a range of 0% to 0.25%, while the 2-Year U.S. Treasury Note yield decreased from 0.23% to 0.16% and the U.S. 10-Year Treasury Note yield increased from 0.70% to 1.74%. The closely monitored spread between the 2- and 10-year U.S. Treasury Note yields increased from 0.47% at the beginning of the period to 1.58% at the end of the period. The decrease in short-term rates over the period was driven by easing monetary policy by the Fed. The increase in long-term yield was driven by rising inflation expectations. The 30-year breakeven inflation rate, a measure of what market participants expect inflation to be in the next 30 years, increased from 1.25% to 2.31% during the period.
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 | 1 |
Table of Contents
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 October 1, 2020 to March 31, 2021. 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 182/365 (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.
| 2 | WisdomTree Trust |
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Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
Sector Breakdown†
| Sector | % of Net Assets | |||
Consumer Staples | 15.9% | |||
Utilities | 11.8% | |||
Communication Services | 11.8% | |||
Information Technology | 10.5% | |||
Health Care | 9.8% | |||
Real Estate | 9.7% | |||
Materials | 9.2% | |||
Consumer Discretionary | 8.9% | |||
Industrials | 8.9% | |||
Energy | 3.1% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Altria Group, Inc. | 4.0% | |||
Lumen Technologies, Inc. | 3.2% | |||
Philip Morris International, Inc. | 2.6% | |||
AT&T, Inc. | 1.8% | |||
Iron Mountain, Inc. | 1.8% | |||
FirstEnergy Corp. | 1.7% | |||
Dow, Inc. | 1.6% | |||
Verizon Communications, Inc. | 1.5% | |||
PPL Corp. | 1.5% | |||
Kraft Heinz Co. (The) | 1.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Dividend ex-Financials Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend ex-Financials Index (the “Index”). In seeking to track the Index, the Fund invests in high dividend yielding companies in the U.S. equity market excluding the financial sector. 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 50.69% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. The Fund’s position in the Materials sector contributed most positively to performance while its position in the Utilities sector contributed the least positively to performance. In terms of performance by dividend yield quintiles, all dividend quintiles performed comparably well due to the post COVID-19 rally.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,267.50 | 0.38 | % | $ | 2.15 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 50.69 | % | 7.49 | % | 8.26 | % | 10.26 | % | ||||||||
Fund Market Price Returns | 51.17 | % | 7.54 | % | 8.30 | % | 10.27 | % | ||||||||
WisdomTree U.S. Dividend ex-Financials Index | 51.40 | % | 7.89 | % | 8.68 | % | 10.68 | % | ||||||||
Dow Jones U.S. Select Dividend IndexSM | 61.70 | % | 10.72 | % | 11.18 | % | 12.39 | % | ||||||||
Russell 1000® Value Index | 56.09 | % | 10.96 | % | 11.74 | % | 10.99 | % | ||||||||
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 | 3 |
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Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. ESG Fund (RESP)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 28.7% | |||
Health Care | 13.7% | |||
Consumer Discretionary | 12.6% | |||
Communication Services | 11.0% | |||
Financials | 11.0% | |||
Industrials | 9.0% | |||
Consumer Staples | 5.9% | |||
Materials | 2.7% | |||
Real Estate | 2.7% | |||
Utilities | 2.6% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Apple, Inc. | 5.5% | |||
Alphabet, Inc., Class A | 4.7% | |||
Microsoft Corp. | 4.7% | |||
Amazon.com, Inc. | 3.4% | |||
JPMorgan Chase & Co. | 1.6% | |||
Verizon Communications, Inc. | 1.1% | |||
Comcast Corp., Class A | 1.0% | |||
PayPal Holdings, Inc. | 1.0% | |||
Procter & Gamble Co. (The) | 1.0% | |||
AT&T, Inc. | 1.0% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. ESG Fund (the “Fund”) seeks capital appreciation. The Fund is actively managed using a model-based approach. The Fund seeks to achieve its investment objective by investing primarily in U.S. equity securities 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.
The Fund returned 60.80% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Consumer Discretionary sector was the most positive contributor to performance over the fiscal year, while its position in the Financials sector was the primary detractor from performance. In terms of performance by price-to-earnings (“P/E”) quintiles, the fourth P/E quintile was the most negative contributor, while the fifth quintile contributed positively to performance. The Fund’s focus on sustainable and value-oriented investment strategies also contributed positively to its performance since many value-oriented and quality-oriented funds rebounded during the recovery process.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,207.00 | 0.28 | % | $ | 1.54 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns1 | 60.80 | % | 14.28 | % | 15.09 | % | 12.95 | % | ||||||||
Fund Market Price Returns1 | 61.44 | % | 14.31 | % | 15.16 | % | 12.96 | % | ||||||||
MSCI USA Extended ESG Focus Index2 | 60.09 | % | 18.38 | % | N/A | N/A | ||||||||||
S&P 500® Index | 56.35 | % | 16.78 | % | 16.29 | % | 13.91 | % | ||||||||
| 1 | The Fund’s name, 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 known as the WisdomTree U.S. Total Market Fund (EXT) and tracked the performance, before fees and expenses, of the WisdomTree U.S. Total Market Index. |
| 2 | The MSCI USA 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.
| 4 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. High Dividend Fund (DHS)
Sector Breakdown†
| Sector | % of Net Assets | |||
Consumer Staples | 20.5% | |||
Financials | 16.9% | |||
Utilities | 13.0% | |||
Information Technology | 12.7% | |||
Health Care | 11.8% | |||
Communication Services | 11.3% | |||
Real Estate | 5.0% | |||
Industrials | 3.9% | |||
Materials | 2.5% | |||
Consumer Discretionary | 1.2% | |||
Energy | 0.9% | |||
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. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Altria Group, Inc. | 5.9% | |||
Philip Morris International, Inc. | 5.2% | |||
AbbVie, Inc. | 5.1% | |||
AT&T, Inc. | 4.9% | |||
Verizon Communications, Inc. | 4.8% | |||
Pfizer, Inc. | 4.2% | |||
Cisco Systems, Inc. | 4.0% | |||
Coca-Cola Co. (The) | 4.0% | |||
International Business Machines Corp. | 3.6% | |||
Broadcom, Inc. | 3.4% | |||
| * | 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. High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high dividend yielding companies in the U.S. equity market. 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 40.97% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). Beyond profiting from the broader market recovery from the lows of the pandemic in March 2020, the Fund’s performance benefited most from its positions in the Information Technology sector and was negatively impacted by its position in the Communication Services sector. In terms of performance by dividend yield quintiles, performance in respect to the value benchmark took a hit due to poor security selection within the upper quintiles, as well as due to little or no allocation among the lower quintiles and the non-dividend paying group of companies. Therefore, dividend-paying companies, and dividend-focused funds, such as the Fund, which are typically overweight these higher dividend yield quintiles, underperformed benchmarks with a more balanced dividend yield profile. Furthermore, the Fund was more heavily allocated to low volatility equities, which detracted from overall cumulative returns for the fiscal year, but slightly reduced overall volatility.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,251.70 | 0.38 | % | $ | 2.13 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 40.97 | % | 7.95 | % | 7.67 | % | 10.39 | % | ||||||||
Fund Market Price Returns | 41.31 | % | 8.00 | % | 7.70 | % | 10.40 | % | ||||||||
WisdomTree U.S. High Dividend Index | 41.63 | % | 8.34 | % | 8.06 | % | 10.80 | % | ||||||||
Russell 1000® Value Index | 56.09 | % | 10.96 | % | 11.74 | % | 10.99 | % | ||||||||
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 | 5 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 21.0% | |||
Consumer Staples | 15.4% | |||
Health Care | 15.3% | |||
Financials | 13.3% | |||
Industrials | 8.5% | |||
Communication Services | 7.2% | |||
Consumer Discretionary | 6.1% | |||
Utilities | 5.9% | |||
Real Estate | 3.9% | |||
Materials | 2.6% | |||
Energy | 0.4% | |||
Investment Company | 0.2% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Microsoft Corp. | 5.3% | |||
Apple, Inc. | 4.0% | |||
Johnson & Johnson | 3.2% | |||
Verizon Communications, Inc. | 2.8% | |||
AT&T, Inc. | 2.7% | |||
JPMorgan Chase & Co. | 2.6% | |||
Philip Morris International, Inc. | 2.2% | |||
Procter & Gamble Co. (The) | 2.2% | |||
Altria Group, Inc. | 2.1% | |||
Home Depot, Inc. (The) | 2.1% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. LargeCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the U.S. equity market. 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 45.40% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). All sector exposures within the Fund had positive returns during the period. The Fund’s positions in Materials, Financials, and Energy sectors had the highest returns during the period; meanwhile, the Fund’s positions in the Utilities and Communication Services sectors were the weakest contributors to performance, even though they produced positive returns over the period. Exposure to the highest dividend yield quintiles of the market negatively contributed to performance as companies with zero dividend yield had the strongest returns during the period. Fund performance was also negatively impacted by its exposure to large-cap companies, as mid- and small-cap companies outperformed during the period.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,195.50 | 0.28 | % | $ | 1.53 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 45.40 | % | 12.04 | % | 12.32 | % | 12.04 | % | ||||||||
Fund Market Price Returns | 45.75 | % | 12.07 | % | 12.35 | % | 12.05 | % | ||||||||
WisdomTree U.S. LargeCap Dividend Index | 45.79 | % | 12.35 | % | 12.64 | % | 12.35 | % | ||||||||
S&P 500® Index | 56.35 | % | 16.78 | % | 16.29 | % | 13.91 | % | ||||||||
Russell 1000® Value Index | 56.09 | % | 10.96 | % | 11.74 | % | 10.99 | % | ||||||||
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.
| 6 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. LargeCap Fund (EPS)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 23.6% | |||
Financials | 16.0% | |||
Health Care | 14.8% | |||
Communication Services | 11.7% | |||
Consumer Staples | 8.8% | |||
Industrials | 8.4% | |||
Consumer Discretionary | 8.3% | |||
Utilities | 3.0% | |||
Materials | 2.4% | |||
Real Estate | 1.6% | |||
Energy | 1.1% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Apple, Inc. | 4.5% | |||
Microsoft Corp. | 4.3% | |||
Alphabet, Inc., Class A | 3.4% | |||
JPMorgan Chase & Co. | 2.5% | |||
Intel Corp. | 2.3% | |||
Facebook, Inc., Class A | 2.2% | |||
Berkshire Hathaway, Inc., Class B | 2.0% | |||
Bank of America Corp. | 1.8% | |||
UnitedHealth Group, Inc. | 1.6% | |||
Amazon.com, Inc. | 1.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. LargeCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating large-cap companies in the U.S. equity market. 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 57.11% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund benefited most from its position in the Financials sector, while its position in the Energy sector was the least beneficial to performance. In terms of performance by price-to-earnings (“P/E”) quintiles, the lowest P/E quintile was the most positive contributor, while companies with negative earnings (and therefore, no discernible P/E ratio) were amongst those that contributed the least positively to performance. Leading into the fiscal year, the Fund’s performance was especially hit hard during the first few months of the global COVID-19 induced market sell-off. However, many markets saw their floors established just at the beginning of the fiscal year. Subsequently, many companies benefited in the large, broad-based market rally that would occur over the fiscal year. During the first five months of the fiscal year, value-oriented investment strategies, such as those utilized by the Fund, saw positive performance as the global economy began to slowly recover, but were lagging more growth-oriented strategies that initially benefited from the global shutdowns. However, by the end the summer of 2020, more states loosened restrictions and more fiscal/monetary stimulus was being rolled out. As a result, the value-oriented companies began to outperform growth-oriented companies for the remainder of the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,233.60 | 0.08 | % | $ | 0.45 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.53 | 0.08 | % | $ | 0.40 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 57.11 | % | 14.93 | % | 15.50 | % | 13.24 | % | ||||||||
Fund Market Price Returns | 57.71 | % | 14.94 | % | 15.55 | % | 13.26 | % | ||||||||
WisdomTree U.S. LargeCap Index | 57.32 | % | 15.13 | % | 15.76 | % | 13.52 | % | ||||||||
S&P 500® Index | 56.35 | % | 16.78 | % | 16.29 | % | 13.91 | % | ||||||||
S&P 500® Value Index | 50.37 | % | 11.83 | % | 12.31 | % | 11.14 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 7 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. MidCap Dividend Fund (DON)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 26.0% | |||
Industrials | 15.2% | |||
Utilities | 11.2% | |||
Consumer Discretionary | 10.8% | |||
Materials | 9.9% | |||
Real Estate | 9.1% | |||
Information Technology | 5.8% | |||
Energy | 3.8% | |||
Consumer Staples | 3.7% | |||
Communication Services | 2.7% | |||
Health Care | 1.2% | |||
Investment Company | 0.4% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Antero Midstream Corp. | 1.5% | |||
Franklin Resources, Inc. | 1.4% | |||
Newell Brands, Inc. | 1.2% | |||
Interpublic Group of Cos., Inc. (The) | 1.2% | |||
Williams-Sonoma, Inc. | 1.0% | |||
Watsco, Inc. | 1.0% | |||
Western Union Co. (The) | 1.0% | |||
CNA Financial Corp. | 1.0% | |||
Fidelity National Financial, Inc. | 0.9% | |||
Pinnacle West Capital Corp. | 0.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. MidCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying mid-cap companies in the U.S. equity market. 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 71.52% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Financials and Health Care sectors contributed positively to performance while its position in the Industrials and Consumer Staples sectors detracted from performance. As the recovery gained steam later in the fiscal year, many cyclical and dividend-paying companies began to catch a tailwind, which was particularly beneficial for the Fund. In terms of performance by dividend yield quintiles, the highest dividend yield quintile was the strongest contributor, while the two lowest dividend yield quintiles were primary detractors. The Fund’s focus on dividend-paying companies positively affected its performance as cyclical and value-oriented companies rallied for much of the fiscal year. Likewise, investment strategies having an emphasis on mid- and small-cap companies benefited during the recovery, as they were positively affected by the prospect of returning to economic growth.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,412.80 | 0.38 | % | $ | 2.29 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 71.52 | % | 8.64 | % | 9.90 | % | 11.39 | % | ||||||||
Fund Market Price Returns | 72.74 | % | 8.81 | % | 10.00 | % | 11.43 | % | ||||||||
WisdomTree U.S. MidCap Dividend Index | 72.34 | % | 8.97 | % | 10.27 | % | 11.74 | % | ||||||||
S&P MidCap 400® Index | 83.46 | % | 13.40 | % | 14.37 | % | 11.92 | % | ||||||||
Russell MidCap Index | 73.64 | % | 14.72 | % | 14.67 | % | 12.46 | % | ||||||||
Russell MidCap Value Index | 73.76 | % | 10.70 | % | 11.60 | % | 11.05 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 8 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. MidCap Fund (EZM)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 23.1% | |||
Industrials | 19.9% | |||
Consumer Discretionary | 14.8% | |||
Information Technology | 10.1% | |||
Materials | 7.5% | |||
Health Care | 6.2% | |||
Real Estate | 5.8% | |||
Consumer Staples | 4.5% | |||
Utilities | 4.2% | |||
Energy | 1.9% | |||
Communication Services | 1.6% | |||
Investment Company | 0.3% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Hanesbrands, Inc. | 0.8% | |||
SLM Corp. | 0.8% | |||
Berry Global Group, Inc. | 0.7% | |||
Diamondback Energy, Inc. | 0.7% | |||
Signature Bank | 0.7% | |||
Arrow Electronics, Inc. | 0.7% | |||
LPL Financial Holdings, Inc. | 0.7% | |||
Unum Group | 0.7% | |||
Alliance Data Systems Corp. | 0.7% | |||
East West Bancorp, 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. MidCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating mid-cap companies in the U.S. equity market. 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 95.30% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Consumer Discretionary sector contributed most positively to performance while its position in the Utilities sector contributed least positively to performance. In terms of performance by dividend yield quintiles, the highest dividend yield quintile was the most positive contributor, while the lowest dividend yield quintile was the least positive contributor. The Fund’s focus on dividend yielding companies positively affected its performance over the fiscal year since many value-oriented funds (including those with a dividend emphasis such as the Fund) rebounded during the recovery process.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,499.50 | 0.38 | % | $ | 2.37 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
Performance
|
| |||||||||||||||
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 95.30 | % | 11.38 | % | 12.81 | % | 11.58 | % | ||||||||
Fund Market Price Returns | 97.23 | % | 11.60 | % | 12.96 | % | 11.65 | % | ||||||||
WisdomTree U.S. MidCap Index | 96.08 | % | 11.77 | % | 13.19 | % | 11.91 | % | ||||||||
S&P MidCap 400® Index | 83.46 | % | 13.40 | % | 14.37 | % | 11.92 | % | ||||||||
Russell MidCap Index | 73.64 | % | 14.72 | % | 14.67 | % | 12.46 | % | ||||||||
Russell MidCap Value Index | 73.76 | % | 10.70 | % | 11.60 | % | 11.05 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 9 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. Multifactor Fund (USMF)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 27.5% | |||
Health Care | 13.2% | |||
Consumer Discretionary | 12.7% | |||
Financials | 10.6% | |||
Communication Services | 10.3% | |||
Industrials | 9.7% | |||
Consumer Staples | 5.9% | |||
Materials | 2.6% | |||
Real Estate | 2.5% | |||
Utilities | 2.5% | |||
Energy | 2.3% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Broadridge Financial Solutions, Inc. | 1.3% | |||
Booz Allen Hamilton Holding Corp. | 1.3% | |||
Tyler Technologies, Inc. | 1.2% | |||
Cisco Systems, Inc. | 1.2% | |||
F5 Networks, Inc. | 1.2% | |||
Verizon Communications, Inc. | 1.2% | |||
Citrix Systems, Inc. | 1.2% | |||
Akamai Technologies, Inc. | 1.2% | |||
Oracle Corp. | 1.2% | |||
Black Knight, Inc. | 1.2% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Multifactor Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index (the “Index”). In seeking to track the Index, the Fund invests in U.S. companies with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The 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 55.76% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Consumer Discretionary sector was the most positive contributor to performance over the fiscal year, while its position in the Information Technology sector was the primary detractor from performance. The Fund’s underweight exposure to large-cap companies, coupled with its overweight exposure to mid-cap companies, positively contributed to performance as many value-oriented and quality-oriented mid-cap companies rallied during most of the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,217.90 | 0.28 | % | $ | 1.55 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 55.76 | % | 12.38 | % | 13.64 | % | ||||||
Fund Market Price Returns | 56.68 | % | 12.47 | % | 13.73 | % | ||||||
WisdomTree U.S. Multifactor Index | 56.07 | % | 12.53 | % | 13.75 | % | ||||||
S&P 500® Index | 56.35 | % | 16.78 | % | 16.31 | % | ||||||
S&P 500® Equal Weight Index | 71.61 | % | 14.90 | % | 14.39 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on June 29, 2017. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 10 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 25.4% | |||
Health Care | 19.0% | |||
Consumer Staples | 16.7% | |||
Industrials | 16.5% | |||
Communication Services | 6.7% | |||
Financials | 5.4% | |||
Consumer Discretionary | 4.7% | |||
Materials | 3.3% | |||
Utilities | 1.3% | |||
Real Estate | 0.4% | |||
Energy | 0.4% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Microsoft Corp. | 4.8% | |||
Johnson & Johnson | 4.6% | |||
Apple, Inc. | 4.3% | |||
Verizon Communications, Inc. | 4.3% | |||
Procter & Gamble Co. (The) | 3.4% | |||
Altria Group, Inc. | 3.3% | |||
Coca-Cola Co. (The) | 3.0% | |||
Pfizer, Inc. | 3.0% | |||
Cisco Systems, Inc. | 2.8% | |||
Intel Corp. | 2.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies with growth characteristics in the U.S. equity market. 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 50.24% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund benefited the most from its positions in the Real Estate and Utilities sectors, while its positions in the Consumer Discretionary and Health Care sectors were the most negative contributors to performance. In terms of performance by return-on-equity (“ROE”) quintiles, the highest ROE quintile was a negative contributor while the fourth ROE quintile was the most positive contributor. During the fiscal year, companies with negative ROE had great performance, for which the Fund’s allocation is zero and therefore detracted from total returns. Additionally, the Fund’s overweight to large-cap and low volatility companies also detracted from performance.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,165.50 | 0.28 | % | $ | 1.51 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 50.24 | % | 14.93 | % | 15.34 | % | 13.56 | % | ||||||||
Fund Market Price Returns | 50.62 | % | 14.96 | % | 15.39 | % | 13.58 | % | ||||||||
WisdomTree U.S. Quality Dividend Growth Index | 50.80 | % | 15.27 | % | 15.70 | % | 13.88 | % | ||||||||
NASDAQ U.S. Dividend AchieversTM Select Index | 44.99 | % | 15.55 | % | 14.89 | % | 12.50 | % | ||||||||
S&P 500® Index | 56.35 | % | 16.78 | % | 16.29 | % | 14.04 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on May 22, 2013. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 11 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 21.3% | |||
Information Technology | 16.8% | |||
Consumer Discretionary | 13.9% | |||
Health Care | 11.4% | |||
Industrials | 7.8% | |||
Communication Services | 7.4% | |||
Energy | 5.5% | |||
Real Estate | 5.1% | |||
Consumer Staples | 4.9% | |||
Utilities | 3.5% | |||
Materials | 2.3% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
eBay, Inc. | 1.9% | |||
People’s United Financial, Inc. | 1.8% | |||
Lumen Technologies, Inc. | 1.7% | |||
DaVita, Inc. | 1.5% | |||
Simon Property Group, Inc. | 1.5% | |||
Juniper Networks, Inc. | 1.5% | |||
Discovery, Inc., Class A | 1.4% | |||
Allstate Corp. (The) | 1.4% | |||
Altria Group, Inc. | 1.4% | |||
Toll Brothers, Inc. | 1.4% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Quality Shareholder Yield Fund (the “Fund”) is actively managed using a model-based approach seeking income and capital appreciation by investing primarily in U.S. equity securities that provide a high total shareholder yield with favorable relative quality characteristics.
The Fund returned 76.07% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. The Fund benefited the most from its position in the Financials and Consumer Discretionary sectors, while its position in the Information Technology sector negatively affected performance. The Fund’s focus on the highest shareholder yield and highest quality subsets of the U.S. equity market positively contributed to performance during the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,372.30 | 0.38 | % | $ | 2.25 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns1 | 76.07 | % | 13.65 | % | 14.26 | % | 11.89 | % | ||||||||
Fund Market Price Returns1 | 76.78 | % | 13.77 | % | 14.34 | % | 11.93 | % | ||||||||
Russell 1000® Value Index | 56.09 | % | 10.96 | % | 11.74 | % | 10.99 | % | ||||||||
| 1 | The Fund’s investment objective changed effective December 18, 2017. From June 19, 2009 through December 17, 2017, the Fund’s investment objective sought to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Value Index. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 12 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. SmallCap Dividend Fund (DES)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 26.4% | |||
Industrials | 18.2% | |||
Consumer Discretionary | 12.3% | |||
Real Estate | 9.3% | |||
Materials | 8.9% | |||
Consumer Staples | 8.2% | |||
Utilities | 5.7% | |||
Information Technology | 4.4% | |||
Communication Services | 3.1% | |||
Health Care | 1.7% | |||
Energy | 1.6% | |||
Investment Company | 0.0% | * | ||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
| * | Represents less than 0.1%. |
Top Ten Holdings*
| Description | % of Net Assets | |||
Vector Group Ltd. | 1.7% | |||
B&G Foods, Inc. | 1.6% | |||
Rent-A-Center, Inc. | 1.3% | |||
Kontoor Brands, Inc. | 1.2% | |||
Compass Minerals International, Inc. | 1.2% | |||
Avista Corp. | 1.1% | |||
Commercial Metals Co. | 1.1% | |||
Greif, Inc., Class A | 1.0% | |||
South Jersey Industries, Inc. | 1.0% | |||
Big Lots, Inc. | 0.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the U.S. equity market. 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 76.76% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund benefited most from its overweight position in the Energy sector, while its underweight position in the Consumer Discretionary sector was the least beneficial to performance. In terms of performance by price-to-earnings (“P/E”) quintiles, the lowest P/E quintile was the most positive contributor, while companies with negative earnings (and therefore, no discernible P/E ratio) were amongst those that contributed the least positively to performance. Leading into the fiscal year, the Fund’s performance was especially hit hard during the first few months of the global COVID-19 induced market sell-off. Dividend-paying companies, and dividend-focused investment strategies, such as those utilized by the Fund, initially struggled to outpace their peers leading into the fiscal year. However, many markets saw their floors established just at the beginning of the fiscal year. Subsequently, many companies benefited in the large, broad-based market rally that occurred over the full fiscal year. During the first five months of the fiscal year, smaller-market cap and value-oriented investment strategies, such as those utilized by the Fund, saw positive performance as the global economy began to slowly recover, but were lagging larger-market cap growth-oriented strategies that initially benefited from the global shutdowns. However, by the end the summer of 2020, more states loosened restrictions and more fiscal/monetary stimulus was being rolled out. As a result, the smaller-market cap and value-oriented companies began to vastly outperform larger, growth-oriented companies for the remainder of the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,493.60 | 0.38 | % | $ | 2.36 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 76.76 | % | 7.35 | % | 9.51 | % | 10.06 | % | ||||||||
Fund Market Price Returns | 78.86 | % | 7.59 | % | 9.66 | % | 10.14 | % | ||||||||
WisdomTree U.S. SmallCap Dividend Index | 77.64 | % | 7.76 | % | 9.89 | % | 10.29 | % | ||||||||
Russell 2000® Index | 94.85 | % | 14.76 | % | 16.35 | % | 11.68 | % | ||||||||
Russell 2000® Value Index | 97.05 | % | 11.57 | % | 13.56 | % | 10.06 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 13 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. SmallCap Fund (EES)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 25.1% | |||
Industrials | 19.2% | |||
Consumer Discretionary | 18.5% | |||
Health Care | 6.4% | |||
Information Technology | 6.3% | |||
Consumer Staples | 5.7% | |||
Communication Services | 5.4% | |||
Real Estate | 4.8% | |||
Materials | 4.3% | |||
Energy | 3.0% | |||
Utilities | 1.0% | |||
Investment Company | 0.2% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Navient Corp. | 1.0% | |||
Big Lots, Inc. | 0.9% | |||
Flagstar Bancorp, Inc. | 0.9% | |||
ODP Corp. (The) | 0.8% | |||
Michaels Cos., Inc. (The) | 0.8% | |||
Rent-A-Center, Inc. | 0.7% | |||
United Natural Foods, Inc. | 0.7% | |||
M/I Homes, Inc. | 0.6% | |||
Meritor, Inc. | 0.6% | |||
AMC Networks, Inc., Class A | 0.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. SmallCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating small-cap companies in the U.S. equity market. 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 113.74% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Consumer Discretionary, Energy, and Utilities sectors contributed most positively to performance while its positions in the Financials and Information Technology sectors detracted from performance. As the recovery gained steam later in the year, many cyclical and smaller companies began to catch a tailwind, which was particularly beneficial for the Fund, as economic prospects improved and it appeared that more companies would return to profitability. In terms of performance by price-to-earnings (“P/E”) quintiles, the lowest P/E quintile was the strongest contributor, while the second- and third-lowest P/E quintiles were slight detractors. The Fund’s focus on small-cap companies with positive earnings aided its performance as cyclical and value-oriented companies rallied for much of the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,591.50 | 0.38 | % | $ | 2.46 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 113.74 | % | 11.50 | % | 14.52 | % | 11.42 | % | ||||||||
Fund Market Price Returns | 116.37 | % | 11.76 | % | 14.71 | % | 11.48 | % | ||||||||
WisdomTree U.S. SmallCap Index | 114.70 | % | 11.80 | % | 14.81 | % | 11.65 | % | ||||||||
Russell 2000® Index | 94.85 | % | 14.76 | % | 16.35 | % | 11.68 | % | ||||||||
Russell 2000® Value Index | 97.05 | % | 11.57 | % | 13.56 | % | 10.06 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 14 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 26.4% | |||
Financials | 25.6% | |||
Consumer Discretionary | 15.9% | |||
Utilities | 8.0% | |||
Materials | 6.9% | |||
Consumer Staples | 6.8% | |||
Information Technology | 6.2% | |||
Communication Services | 2.8% | |||
Health Care | 1.0% | |||
Real Estate | 0.2% | |||
Energy | 0.1% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Avista Corp. | 2.6% | |||
B&G Foods, Inc. | 2.2% | |||
Rent-A-Center, Inc. | 2.2% | |||
Greif, Inc., Class A | 1.8% | |||
John Wiley & Sons, Inc., Class A | 1.7% | |||
Trinity Industries, Inc. | 1.6% | |||
Nu Skin Enterprises, Inc., Class A | 1.6% | |||
Cathay General Bancorp | 1.6% | |||
Buckle, Inc. (The) | 1.5% | |||
Big Lots, Inc. | 1.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. SmallCap Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies with growth characteristics in the U.S. equity market. 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 88.65% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Materials sector contributed most positively to performance while its position in the Utilities sector contributed least positively to performance. In terms of performance by dividend yield quintiles, the highest dividend yield quintile was the most positive contributor, while the lowest dividend yield quintile was the least positive contributor. The Fund’s focus on higher profitability companies negatively affected its performance over the fiscal year since many growth stocks rebounded at a larger magnitude during the recovery process.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,511.00 | 0.38 | % | $ | 2.38 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 88.65 | % | 13.05 | % | 12.96 | % | 10.70 | % | ||||||||
Fund Market Price Returns | 90.75 | % | 13.28 | % | 13.11 | % | 10.77 | % | ||||||||
WisdomTree U.S. SmallCap Quality Dividend Growth Index | 89.65 | % | 13.41 | % | 13.30 | % | 10.99 | % | ||||||||
Russell 2000® Index | 94.85 | % | 14.76 | % | 16.35 | % | 11.68 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 25, 2013. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 15 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree U.S. Total Dividend Fund (DTD)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 19.0% | |||
Financials | 15.4% | |||
Consumer Staples | 14.3% | |||
Health Care | 13.7% | |||
Industrials | 9.0% | |||
Communication Services | 6.7% | |||
Consumer Discretionary | 6.5% | |||
Utilities | 6.2% | |||
Real Estate | 5.0% | |||
Materials | 3.2% | |||
Energy | 0.8% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Microsoft Corp. | 4.7% | |||
Apple, Inc. | 3.5% | |||
Johnson & Johnson | 2.9% | |||
Verizon Communications, Inc. | 2.5% | |||
AT&T, Inc. | 2.5% | |||
JPMorgan Chase & Co. | 2.3% | |||
Philip Morris International, Inc. | 2.0% | |||
Altria Group, Inc. | 2.0% | |||
Procter & Gamble Co. (The) | 2.0% | |||
Home Depot, Inc. (The) | 1.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Total Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in U.S. all-cap equities from a broad range of dividend-paying companies. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 48.15% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Information Technology sector contributed most positively to performance while its position in the Consumer Discretionary sector contributed most negatively to performance. In terms of performance by dividend yield quintiles, the highest dividend yield quintile was the most negative contributor, while the lowest dividend yield quintile was the only positive contributor. The Fund’s focus on dividend yielding companies positively affected its performance over the fiscal year since many value-oriented funds (including those with a dividend emphasis such as the Fund) rebounded during the recovery process.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,220.10 | 0.28 | % | $ | 1.55 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 48.15 | % | 11.28 | % | 11.78 | % | 11.79 | % | ||||||||
Fund Market Price Returns | 48.62 | % | 11.31 | % | 11.82 | % | 11.80 | % | ||||||||
WisdomTree U.S. Dividend Index | 48.52 | % | 11.61 | % | 12.11 | % | 12.13 | % | ||||||||
Russell 3000® Index | 62.53 | % | 17.12 | % | 16.64 | % | 13.79 | % | ||||||||
Russell 3000® Value Index | 58.38 | % | 10.99 | % | 11.87 | % | 10.91 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 16 | WisdomTree Trust |
Table of Contents
Description of Terms and Indexes (unaudited)
Below are descriptions of certain terms and of each Index referenced in this report:
Correlation is a statistical measure of how two sets of returns move in relation to each other. Correlation coefficients range from -1 to 1. A correlation of 1 means the two subjects of analysis move in lockstep with each other. A correlation of -1 means the two subjects of analysis have moved in exactly the opposite direction.
The Dow Jones U.S. Select Dividend IndexSM is comprised of 100 U.S. dividend-paying companies.
Factors generally are attributes that are based on its fundamentals or share price behavior.
Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a country’s economic health.
Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.
Momentum is generally characterized by assets with recent price increase trends over time. This term is also associated with the momentum factor which associates these stock characteristics with excess return vs. the market over time.
The MSCI USA 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 USA Index, its parent index.
The NASDAQ U.S. Dividend AchieversTM Select Index is a capitalization-weighted index that measures the performance of U.S. common stocks that have a history of increasing dividends for at least ten consecutive years.
Price-to-Earnings refers to a company’s share price divided by its earnings per share. Lower numbers indicate an ability to access greater amounts of earnings per dollar invested. A higher number indicates that a company’s stock may be over-valued.
Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.
Quintiles refers to separating a universe of companies into five groups of equal size on the basis of dividend yield, price-to-earnings, or return-on-equity, as applicable.
Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.
The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.
The Russell 2000® Index is a capitalization-weighted index that is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.
The Russell 2000® Value Index is a capitalization-weighted index that is comprised of the small-capitalization value segment of the U.S. equity universe, selecting from the Russell 2000 Index.
The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.
The Russell 3000® Value Index is a capitalization-weighted index that measures the performance of the value segment of the broad U.S. equity market, selecting from the Russell 3000 Index.
The Russell MidCap® Index is a market capitalization-weighted index that is comprised of the smallest 800 stocks of the Russell 1000 Index.
| WisdomTree Trust | 17 |
Table of Contents
Description of Terms and Indexes (unaudited) (continued)
The Russell MidCap® Value Index is a capitalization-weighted index that measures the midcap value segment of the U.S. equity universe, selecting from the Russell MidCap Index.
The S&P 500® Equal Weight Index is the equal-weight version of the widely used S&P 500® Index. The index includes the same constituents as the capitalization-weighted S&P 500 Index, but each company is allocated a fixed weight — or 0.2% of the index total at each quarterly rebalance.
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® Value Index is an index comprised of S&P 500 Index constituents that screen favorably on measures of value such as book value, earnings, and sales to price.
The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.
Shareholder Yield generally refers to a data point that references a combination of dividend yield and buyback yield.
Value is generally characterized by lower price levels relative to fundamentals, such as earnings or dividends. Prices are lower because investors are less certain of the performance of these fundamentals in the future. This term is also related to the value factor, which associates these stock characteristics with excess returns vs. the market over time.
Volatility is a statistical measure of the dispersion of returns for a given security or market index around a particular average level. If the price stays relatively stable, the security has low volatility. A highly volatile security hits new highs and lows quickly, moves erratically, and has rapid increases and dramatic falls.
The WisdomTree U.S. Dividend ex-Financials Index is comprised of high dividend-yielding stocks outside the Financials sector.
The WisdomTree U.S. Dividend Index defines the dividend-paying portion of the U.S. stock market.
The WisdomTree U.S. High Dividend Index is comprised of companies with high dividend yields, selected from the WisdomTree U.S. Dividend Index.
The WisdomTree U.S. LargeCap Dividend Index is comprised of the large-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.
The WisdomTree U.S. LargeCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the large-capitalization segment of the U.S. stock market.
The WisdomTree U.S. MidCap Dividend Index is comprised of the mid-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.
The WisdomTree U.S. MidCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.
The WisdomTree U.S. Multifactor Index is comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.
The WisdomTree U.S. Quality Dividend Growth Index is comprised of dividend-paying stocks with growth characteristics.
| 18 | WisdomTree Trust |
Table of Contents
Description of Terms and Indexes (unaudited) (concluded)
The WisdomTree U.S. SmallCap Dividend Index is comprised of the small-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.
The WisdomTree U.S. SmallCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the small-capitalization segment of the U.S. stock market.
The WisdomTree U.S. SmallCap Quality Dividend Growth Index is comprised of the small-capitalization segment of dividend-paying stocks with growth characteristics.
Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
The Dow Jones U.S. Select Dividend Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc., and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
| WisdomTree Trust | 19 |
Table of Contents
Schedule of Investments
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% |
| |||||||
| United States – 99.6% |
| |||||||
| Aerospace & Defense – 1.7% |
| |||||||
General Dynamics Corp. | 27,879 | $ | 5,061,711 | |||||
Lockheed Martin Corp. | 11,331 | 4,186,805 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 9,248,516 | ||||||
| Air Freight & Logistics – 1.5% |
| |||||||
C.H. Robinson Worldwide, Inc. | 33,374 | 3,184,881 | ||||||
United Parcel Service, Inc. Class B | 30,130 | 5,121,799 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 8,306,680 | ||||||
| Beverages – 0.8% |
| |||||||
Coca-Cola Co. (The) | 85,334 | 4,497,955 | ||||||
| Biotechnology – 3.4% |
| |||||||
AbbVie, Inc. | 66,938 | 7,244,030 | ||||||
Amgen, Inc. | 18,206 | 4,529,835 | ||||||
Gilead Sciences, Inc. | 105,651 | 6,828,224 | ||||||
|
| |||||||
| Total Biotechnology |
| 18,602,089 | ||||||
| Chemicals – 5.3% |
| |||||||
Air Products & Chemicals, Inc. | 10,299 | 2,897,521 | ||||||
Celanese Corp. | 21,087 | 3,159,044 | ||||||
CF Industries Holdings, Inc. | 117,040 | 5,311,275 | ||||||
Dow, Inc. | 140,111 | 8,958,697 | ||||||
Eastman Chemical Co. | 37,851 | 4,168,152 | ||||||
International Flavors & Fragrances, Inc. | 35,449 | 4,949,035 | ||||||
|
| |||||||
| Total Chemicals |
| 29,443,724 | ||||||
| Communications Equipment – 1.0% |
| |||||||
Cisco Systems, Inc. | 108,216 | 5,595,849 | ||||||
| Containers & Packaging – 2.1% |
| |||||||
International Paper Co. | 122,014 | 6,597,297 | ||||||
Packaging Corp. of America | 38,515 | 5,179,497 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 11,776,794 | ||||||
| Distributors – 1.0% |
| |||||||
Genuine Parts Co. | 47,403 | 5,479,313 | ||||||
| Diversified Telecommunication Services – 6.6% |
| |||||||
AT&T, Inc. | 334,193 | 10,116,022 | ||||||
Lumen Technologies, Inc. | 1,345,351 | 17,960,436 | ||||||
Verizon Communications, Inc. | 147,913 | 8,601,141 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 36,677,599 | ||||||
| Electric Utilities – 10.8% |
| |||||||
Avangrid, Inc. | 120,594 | 6,006,787 | ||||||
Duke Energy Corp. | 65,162 | 6,290,088 | ||||||
Edison International | 94,794 | 5,554,928 | ||||||
Evergy, Inc. | 100,378 | 5,975,502 | ||||||
Exelon Corp. | 129,609 | 5,669,098 | ||||||
FirstEnergy Corp. | 277,123 | 9,613,397 | ||||||
Pinnacle West Capital Corp. | 72,915 | 5,931,635 | ||||||
PPL Corp. | 297,850 | 8,589,994 | ||||||
Southern Co. (The) | 101,378 | 6,301,657 | ||||||
|
| |||||||
| Total Electric Utilities |
| 59,933,086 | ||||||
| Electrical Equipment – 1.8% |
| |||||||
Emerson Electric Co. | 45,719 | 4,124,768 | ||||||
Hubbell, Inc. | 32,509 | 6,075,607 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 10,200,375 | ||||||
| Energy Equipment & Services – 1.3% |
| |||||||
Baker Hughes Co. | 243,120 | 5,253,823 | ||||||
Halliburton Co. | 78,500 | 1,684,610 | ||||||
|
| |||||||
| Total Energy Equipment & Services |
| 6,938,433 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 9.7% |
| |||||||
AvalonBay Communities, Inc. | 21,357 | 3,940,580 | ||||||
Boston Properties, Inc. | 36,293 | 3,675,029 | ||||||
Equity Residential | 64,145 | 4,594,706 | ||||||
Gaming and Leisure Properties, Inc. | 184,757 | 7,839,240 | ||||||
Healthpeak Properties, Inc. | 159,003 | 5,046,755 | ||||||
Iron Mountain, Inc.(a) | 269,429 | 9,971,567 | ||||||
Medical Properties Trust, Inc. | 244,693 | 5,207,067 | ||||||
Realty Income Corp. | 70,386 | 4,469,511 | ||||||
STORE Capital Corp. | 123,293 | 4,130,316 | ||||||
VICI Properties, Inc.(a) | 185,051 | 5,225,840 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 54,100,611 | ||||||
| Food Products – 7.2% |
| |||||||
Archer-Daniels-Midland Co. | 83,197 | 4,742,229 | ||||||
Conagra Brands, Inc. | 121,899 | 4,583,402 | ||||||
General Mills, Inc. | 121,505 | 7,450,687 | ||||||
J.M. Smucker Co. (The) | 57,300 | 7,250,169 | ||||||
Kellogg Co. | 123,408 | 7,811,726 | ||||||
Kraft Heinz Co. (The) | 204,248 | 8,169,920 | ||||||
|
| |||||||
| Total Food Products |
| 40,008,133 | ||||||
| Health Care Providers & Services – 1.8% |
| |||||||
Cardinal Health, Inc. | 93,949 | 5,707,402 | ||||||
CVS Health Corp. | 59,204 | 4,453,917 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 10,161,319 | ||||||
| Hotels, Restaurants & Leisure – 1.2% |
| |||||||
McDonald’s Corp. | 16,377 | 3,670,741 | ||||||
Starbucks Corp. | 25,491 | 2,785,401 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 6,456,142 | ||||||
| Household Durables – 2.3% |
| |||||||
Newell Brands, Inc. | 302,373 | 8,097,549 | ||||||
Whirlpool Corp. | 19,999 | 4,406,780 | ||||||
|
| |||||||
| Total Household Durables |
| 12,504,329 | ||||||
| Household Products – 1.2% |
| |||||||
Kimberly-Clark Corp. | 48,531 | 6,748,236 | ||||||
| Industrial Conglomerates – 1.5% |
| |||||||
3M Co. | 42,007 | 8,093,909 | ||||||
| IT Services – 3.3% |
| |||||||
International Business Machines Corp. | 60,855 | 8,109,537 | ||||||
Paychex, Inc. | 41,516 | 4,069,399 | ||||||
Western Union Co. (The) | 258,270 | 6,368,938 | ||||||
|
| |||||||
| Total IT Services |
| 18,547,874 | ||||||
See Notes to Financial Statements.
| 20 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
March 31, 2021
| Investments | Shares | Value | ||||||
| Leisure Products – 0.8% |
| |||||||
Hasbro, Inc. | 47,063 | $ | 4,523,696 | |||||
| Machinery – 2.4% |
| |||||||
Caterpillar, Inc. | 18,954 | 4,394,864 | ||||||
Cummins, Inc. | 15,287 | 3,961,014 | ||||||
Snap-on, Inc. | 22,162 | 5,113,660 | ||||||
|
| |||||||
| Total Machinery |
| 13,469,538 | ||||||
| Media – 5.2% |
| |||||||
Comcast Corp. Class A | 51,718 | 2,798,461 | ||||||
Fox Corp. Class B | 80,663 | 2,817,558 | ||||||
Interpublic Group of Cos., Inc. (The) | 274,320 | 8,010,144 | ||||||
News Corp. Class A | 90,003 | 2,288,776 | ||||||
Omnicom Group, Inc. | 91,531 | 6,787,024 | ||||||
Sirius XM Holdings, Inc.(a) | 198,000 | 1,205,820 | ||||||
ViacomCBS, Inc. Class B | 109,519 | 4,939,307 | ||||||
|
| |||||||
| Total Media |
| 28,847,090 | ||||||
| Metals & Mining – 1.8% |
| |||||||
Newmont Corp. | 66,161 | 3,987,524 | ||||||
Nucor Corp. | 75,845 | 6,088,078 | ||||||
|
| |||||||
| Total Metals & Mining |
| 10,075,602 | ||||||
| Multi-Utilities – 1.1% |
| |||||||
Consolidated Edison, Inc. | 78,542 | 5,874,942 | ||||||
| Oil, Gas & Consumable Fuels – 1.9% |
| |||||||
EOG Resources, Inc. | 85,505 | 6,201,678 | ||||||
Pioneer Natural Resources Co. | 27,089 | 4,302,275 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 10,503,953 | ||||||
| Pharmaceuticals – 4.6% |
| |||||||
Bristol-Myers Squibb Co. | 68,063 | 4,296,817 | ||||||
Eli Lilly & Co. | 18,168 | 3,394,146 | ||||||
Johnson & Johnson | 39,259 | 6,452,217 | ||||||
Merck & Co., Inc. | 84,018 | 6,476,947 | ||||||
Pfizer, Inc. | 138,079 | 5,002,602 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 25,622,729 | ||||||
| Semiconductors & Semiconductor Equipment – 3.0% |
| |||||||
Broadcom, Inc. | 11,426 | 5,297,779 | ||||||
Intel Corp. | 78,603 | 5,030,592 | ||||||
Texas Instruments, Inc. | 33,864 | 6,399,957 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 16,728,328 | ||||||
| Software – 0.8% |
| |||||||
NortonLifeLock, Inc. | 200,489 | 4,262,396 | ||||||
| Specialty Retail – 3.1% |
| |||||||
Best Buy Co., Inc. | 43,201 | 4,959,907 | ||||||
Home Depot, Inc. (The) | 17,566 | 5,362,021 | ||||||
Williams-Sonoma, Inc. | 39,620 | 7,099,904 | ||||||
|
| |||||||
| Total Specialty Retail |
| 17,421,832 | ||||||
| Technology Hardware, Storage & Peripherals – 2.3% |
| |||||||
HP, Inc. | 219,173 | 6,958,743 | ||||||
NetApp, Inc. | 83,453 | 6,064,529 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 13,023,272 | ||||||
| Textiles, Apparel & Luxury Goods – 0.6% |
| |||||||
VF Corp. | 38,813 | 3,101,935 | ||||||
| Tobacco – 6.5% |
| |||||||
Altria Group, Inc. | 431,597 | 22,080,503 | ||||||
Philip Morris International, Inc. | 160,192 | 14,215,438 | ||||||
|
| |||||||
| Total Tobacco |
| 36,295,941 | ||||||
| TOTAL COMMON STOCKS (Cost: $476,844,270) |
| 553,072,220 | ||||||
| EXCHANGE-TRADED FUNDS – 0.1% |
| |||||||
| United States – 0.1% |
| |||||||
WisdomTree U.S. LargeCap Dividend Fund(a)(b) | 1,544 | 177,066 | ||||||
WisdomTree U.S. MidCap Dividend Fund(a)(b) | 4,429 | 179,020 | ||||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost: $276,071) |
| 356,086 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% |
| |||||||
| United States – 0.2% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $1,421,211) | 1,421,211 | 1,421,211 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $478,541,552) | 554,849,517 | |||||||
Other Assets less Liabilities – 0.1% |
| 641,299 | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 555,490,816 | ||||||
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $6,109,510 and the total market value of the collateral held by the Fund was $6,359,670. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $4,938,459. |
| (b) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree U.S. LargeCap Dividend Fund | $ | 633,841 | $ | 5,297,496 | $ | 5,919,623 | $ | 25,016 | $ | 140,336 | $ | 177,066 | $ | 21,049 | ||||||||||||||
WisdomTree U.S. MidCap Dividend Fund | 540,677 | 5,265,419 | 5,906,087 | (20,782 | ) | 299,793 | 179,020 | 20,341 | ||||||||||||||||||||
Total | $ | 1,174,518 | $ | 10,562,915 | $ | 11,825,710 | $ | 4,234 | $ | 440,129 | $ | 356,086 | $ | 41,390 | ||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 21 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
March 31, 2021
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 553,072,220 | $ | — | $ | — | $ | 553,072,220 | ||||||||
Exchange-Traded Funds | 356,086 | — | — | 356,086 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,421,211 | — | 1,421,211 | ||||||||||||
Total Investments in Securities | $ | 553,428,306 | $ | 1,421,211 | $ | — | $ | 554,849,517 | ||||||||
See Notes to Financial Statements.
| 22 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree U.S. ESG Fund (RESP)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.9% |
| |||||||
| United States – 99.9% |
| |||||||
| Air Freight & Logistics – 1.3% |
| |||||||
C.H. Robinson Worldwide, Inc. | 1,299 | $ | 123,963 | |||||
Expeditors International of Washington, Inc. | 1,603 | 172,627 | ||||||
FedEx Corp. | 1,193 | 338,860 | ||||||
United Parcel Service, Inc. Class B | 3,140 | 533,769 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 1,169,219 | ||||||
| Auto Components – 0.2% |
| |||||||
BorgWarner, Inc. | 3,611 | 167,406 | ||||||
| Automobiles – 0.7% |
| |||||||
Ford Motor Co.* | 20,831 | 255,180 | ||||||
General Motors Co. | 6,139 | 352,747 | ||||||
|
| |||||||
| Total Automobiles |
| 607,927 | ||||||
| Banks – 3.6% |
| |||||||
BOK Financial Corp. | 879 | 78,512 | ||||||
Citigroup, Inc. | 9,771 | 710,840 | ||||||
First Horizon Corp. | 13,063 | 220,895 | ||||||
JPMorgan Chase & Co. | 9,437 | 1,436,595 | ||||||
KeyCorp | 13,076 | 261,259 | ||||||
People’s United Financial, Inc. | 2,597 | 46,486 | ||||||
Pinnacle Financial Partners, Inc. | 1,388 | 123,060 | ||||||
Regions Financial Corp. | 12,747 | 263,353 | ||||||
Western Alliance Bancorp | 770 | 72,719 | ||||||
|
| |||||||
| Total Banks |
| 3,213,719 | ||||||
| Beverages – 1.0% |
| |||||||
Boston Beer Co., Inc. (The) Class A* | 74 | 89,265 | ||||||
Constellation Brands, Inc. Class A | 969 | 220,932 | ||||||
Keurig Dr. Pepper, Inc. | 9,292 | 319,366 | ||||||
Molson Coors Beverage Co. Class B | 4,079 | 208,641 | ||||||
|
| |||||||
| Total Beverages |
| 838,204 | ||||||
| Biotechnology – 2.6% |
| |||||||
AbbVie, Inc. | 4,253 | 460,260 | ||||||
Alexion Pharmaceuticals, Inc.* | 928 | 141,900 | ||||||
Amgen, Inc. | 1,562 | 388,641 | ||||||
Biogen, Inc.* | 708 | 198,063 | ||||||
BioMarin Pharmaceutical, Inc.* | 1,882 | 142,110 | ||||||
Gilead Sciences, Inc. | 3,838 | 248,050 | ||||||
Halozyme Therapeutics, Inc.* | 1,411 | 58,825 | ||||||
Moderna, Inc.* | 1,226 | 160,545 | ||||||
Neurocrine Biosciences, Inc.* | 196 | 19,061 | ||||||
Regeneron Pharmaceuticals, Inc.* | 445 | 210,547 | ||||||
United Therapeutics Corp.* | 633 | 105,882 | ||||||
Vertex Pharmaceuticals, Inc.* | 777 | 166,969 | ||||||
|
| |||||||
| Total Biotechnology |
| 2,300,853 | ||||||
| Building Products – 0.9% |
| |||||||
A.O. Smith Corp. | 1,608 | 108,717 | ||||||
Advanced Drainage Systems, Inc. | 580 | 59,966 | ||||||
Builders FirstSource, Inc.* | 50 | 2,319 | ||||||
Lennox International, Inc. | 546 | 170,128 | ||||||
Masco Corp. | 3,996 | 239,360 | ||||||
Owens Corning | 2,755 | 253,708 | ||||||
|
| |||||||
| Total Building Products |
| 834,198 | ||||||
| Capital Markets – 2.9% |
| |||||||
Affiliated Managers Group, Inc. | 887 | 132,190 | ||||||
Charles Schwab Corp. (The) | 8,071 | 526,068 | ||||||
Franklin Resources, Inc. | 8,463 | 250,505 | ||||||
Goldman Sachs Group, Inc. (The) | 1,669 | 545,763 | ||||||
LPL Financial Holdings, Inc. | 1,197 | 170,165 | ||||||
MarketAxess Holdings, Inc. | 291 | 144,895 | ||||||
Morgan Stanley | 7,475 | 580,508 | ||||||
Morningstar, Inc. | 892 | 200,736 | ||||||
Stifel Financial Corp. | 610 | 39,076 | ||||||
|
| |||||||
| Total Capital Markets |
| 2,589,906 | ||||||
| Chemicals – 0.9% |
| |||||||
Mosaic Co. (The) | 6,646 | 210,080 | ||||||
Scotts Miracle-Gro Co. (The) | 1,038 | 254,279 | ||||||
Sherwin-Williams Co. (The) | 466 | 343,913 | ||||||
|
| |||||||
| Total Chemicals |
| 808,272 | ||||||
| Commercial Services & Supplies – 0.3% |
| |||||||
IAA, Inc.* | 2,187 | 120,591 | ||||||
Republic Services, Inc. | 1,853 | 184,096 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 304,687 | ||||||
| Communications Equipment – 1.7% |
| |||||||
Ciena Corp.* | 3,422 | 187,252 | ||||||
Cisco Systems, Inc. | 13,677 | 707,238 | ||||||
F5 Networks, Inc.* | 420 | 87,620 | ||||||
Juniper Networks, Inc. | 8,340 | 211,252 | ||||||
Motorola Solutions, Inc. | 1,513 | 284,519 | ||||||
Ubiquiti, Inc. | 116 | 34,603 | ||||||
|
| |||||||
| Total Communications Equipment |
| 1,512,484 | ||||||
| Construction & Engineering – 0.1% |
| |||||||
MasTec, Inc.* | 162 | 15,179 | ||||||
Quanta Services, Inc. | 1,223 | 107,600 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 122,779 | ||||||
| Construction Materials – 0.1% |
| |||||||
Martin Marietta Materials, Inc. | 365 | 122,574 | ||||||
| Consumer Finance – 0.9% |
| |||||||
Ally Financial, Inc. | 5,523 | 249,695 | ||||||
Capital One Financial Corp. | 2,858 | 363,623 | ||||||
OneMain Holdings, Inc. | 2,730 | 146,656 | ||||||
|
| |||||||
| Total Consumer Finance |
| 759,974 | ||||||
| Containers & Packaging – 1.1% |
| |||||||
AptarGroup, Inc. | 1,690 | 239,422 | ||||||
Avery Dennison Corp. | 1,184 | 217,442 | ||||||
Berry Global Group, Inc.* | 2,709 | 166,333 | ||||||
Sealed Air Corp. | 3,959 | 181,401 | ||||||
Sonoco Products Co. | 2,546 | 161,162 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 965,760 | ||||||
| Distributors – 0.2% |
| |||||||
Genuine Parts Co. | 723 | 83,572 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 23 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. ESG Fund (RESP)
March 31, 2021
| Investments | Shares | Value | ||||||
Pool Corp. | 202 | $ | 69,738 | |||||
|
| |||||||
| Total Distributors |
| 153,310 | ||||||
| Diversified Consumer Services – 0.1% |
| |||||||
Chegg, Inc.* | 514 | 44,029 | ||||||
Service Corp. International | 1,373 | 70,092 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 114,121 | ||||||
| Diversified Financial Services – 0.3% |
| |||||||
Voya Financial, Inc. | 3,776 | 240,305 | ||||||
| Diversified Telecommunication Services – 2.1% |
| |||||||
AT&T, Inc. | 28,352 | 858,215 | ||||||
Verizon Communications, Inc. | 16,849 | 979,769 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 1,837,984 | ||||||
| Electric Utilities – 0.6% |
| |||||||
Edison International | 8,517 | 499,096 | ||||||
| Electrical Equipment – 0.1% |
| |||||||
Generac Holdings, Inc.* | 288 | 94,306 | ||||||
| Electronic Equipment, Instruments & Components – 0.8% |
| |||||||
Arrow Electronics, Inc.* | 2,168 | 240,258 | ||||||
CDW Corp. | 1,009 | 167,242 | ||||||
Keysight Technologies, Inc.* | 1,866 | 267,584 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 675,084 | ||||||
| Entertainment – 1.0% |
| |||||||
Activision Blizzard, Inc. | 2,967 | 275,931 | ||||||
Electronic Arts, Inc. | 2,172 | 294,023 | ||||||
Roku, Inc.* | 436 | 142,036 | ||||||
Take-Two Interactive Software, Inc.* | 384 | 67,853 | ||||||
Zynga, Inc. Class A* | 11,067 | 112,994 | ||||||
|
| |||||||
| Total Entertainment |
| 892,837 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 1.8% |
| |||||||
Boston Properties, Inc. | 2,163 | 219,025 | ||||||
CubeSmart | 4,460 | 168,722 | ||||||
Extra Space Storage, Inc. | 563 | 74,626 | ||||||
Iron Mountain, Inc. | 6,785 | 251,113 | ||||||
Kimco Realty Corp. | 10,361 | 194,269 | ||||||
Life Storage, Inc. | 1,493 | 128,323 | ||||||
Public Storage | 935 | 230,720 | ||||||
Simon Property Group, Inc. | 2,618 | 297,850 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 1,564,648 | ||||||
| Food Products – 2.8% |
| |||||||
Archer-Daniels-Midland Co. | 3,577 | 203,889 | ||||||
Campbell Soup Co. | 4,849 | 243,759 | ||||||
Conagra Brands, Inc. | 5,751 | 216,237 | ||||||
Darling Ingredients, Inc.* | 1,962 | 144,364 | ||||||
General Mills, Inc. | 4,643 | 284,709 | ||||||
Hershey Co. (The) | 1,792 | 283,423 | ||||||
Hormel Foods Corp. | 5,015 | 239,617 | ||||||
Ingredion, Inc. | 1,529 | 137,488 | ||||||
J.M. Smucker Co. (The) | 1,224 | 154,873 | ||||||
Kellogg Co. | 3,848 | 243,578 | ||||||
Kraft Heinz Co. (The) | 4,748 | 189,920 | ||||||
Tyson Foods, Inc. Class A | 1,601 | 118,954 | ||||||
|
| |||||||
| Total Food Products |
| 2,460,811 | ||||||
| Health Care Equipment & Supplies – 2.9% |
| |||||||
Abbott Laboratories | 4,236 | 507,642 | ||||||
Baxter International, Inc. | 2,837 | 239,273 | ||||||
Becton, Dickinson and Co. | 1,073 | 260,900 | ||||||
Danaher Corp. | 1,553 | 349,549 | ||||||
Dentsply Sirona, Inc. | 2,327 | 148,486 | ||||||
Edwards Lifesciences Corp.* | 2,993 | 250,334 | ||||||
Haemonetics Corp.* | 385 | 42,739 | ||||||
Hill-Rom Holdings, Inc. | 843 | 93,135 | ||||||
Hologic, Inc.* | 1,574 | 117,074 | ||||||
Masimo Corp.* | 261 | 59,941 | ||||||
Quidel Corp.* | 87 | 11,130 | ||||||
ResMed, Inc. | 883 | 171,320 | ||||||
Varian Medical Systems, Inc.* | 959 | 169,292 | ||||||
West Pharmaceutical Services, Inc. | 633 | 178,367 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 2,599,182 | ||||||
| Health Care Providers & Services – 3.9% |
| |||||||
Amedisys, Inc.* | 330 | 87,381 | ||||||
AmerisourceBergen Corp. | 1,613 | 190,447 | ||||||
Anthem, Inc. | 772 | 277,109 | ||||||
Cardinal Health, Inc. | 2,746 | 166,820 | ||||||
Centene Corp.* | 2,009 | 128,395 | ||||||
Cigna Corp. | 1,173 | 283,561 | ||||||
CVS Health Corp. | 3,790 | 285,122 | ||||||
DaVita, Inc.* | 1,354 | 145,921 | ||||||
HCA Healthcare, Inc. | 1,060 | 199,640 | ||||||
Henry Schein, Inc.* | 1,810 | 125,324 | ||||||
Humana, Inc. | 565 | 236,876 | ||||||
Laboratory Corp. of America Holdings* | 472 | 120,374 | ||||||
McKesson Corp. | 978 | 190,749 | ||||||
Molina Healthcare, Inc.* | 322 | 75,271 | ||||||
Quest Diagnostics, Inc. | 1,326 | 170,179 | ||||||
R1 RCM, Inc.* | 2,497 | 61,626 | ||||||
UnitedHealth Group, Inc. | 1,844 | 686,097 | ||||||
Universal Health Services, Inc. Class B | 387 | 51,622 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 3,482,514 | ||||||
| Health Care Technology – 0.2% |
| |||||||
Cerner Corp. | 2,116 | 152,098 | ||||||
| Hotels, Restaurants & Leisure – 1.9% |
| |||||||
Chipotle Mexican Grill, Inc.* | 142 | 201,756 | ||||||
Darden Restaurants, Inc. | 1,557 | 221,094 | ||||||
Domino’s Pizza, Inc. | 314 | 115,486 | ||||||
McDonald’s Corp. | 1,984 | 444,694 | ||||||
Starbucks Corp. | 3,540 | 386,816 | ||||||
Vail Resorts, Inc. | 465 | 135,622 | ||||||
Yum! Brands, Inc. | 1,771 | 191,587 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 1,697,055 | ||||||
| Household Durables – 1.0% |
| |||||||
D.R. Horton, Inc. | 1,398 | 124,590 | ||||||
Mohawk Industries, Inc.* | 801 | 154,040 | ||||||
See Notes to Financial Statements.
| 24 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. ESG Fund (RESP)
March 31, 2021
| Investments | Shares | Value | ||||||
Newell Brands, Inc. | 6,570 | $ | 175,945 | |||||
PulteGroup, Inc. | 1,665 | 87,313 | ||||||
Tempur Sealy International, Inc. | 2,275 | 83,174 | ||||||
Toll Brothers, Inc. | 1,209 | 68,586 | ||||||
Whirlpool Corp. | 846 | 186,416 | ||||||
|
| |||||||
| Total Household Durables |
| 880,064 | ||||||
| Household Products – 2.2% |
| |||||||
Church & Dwight Co., Inc. | 2,571 | 224,577 | ||||||
Clorox Co. (The) | 1,376 | 265,403 | ||||||
Colgate-Palmolive Co. | 4,279 | 337,313 | ||||||
Kimberly-Clark Corp. | 1,939 | 269,618 | ||||||
Procter & Gamble Co. (The) | 6,362 | 861,606 | ||||||
|
| |||||||
| Total Household Products |
| 1,958,517 | ||||||
| Industrial Conglomerates – 0.5% |
| |||||||
3M Co. | 2,076 | 400,004 | ||||||
| Insurance – 3.3% |
| |||||||
Aflac, Inc. | 7,557 | 386,767 | ||||||
Allstate Corp. (The) | 3,193 | 366,876 | ||||||
Assurant, Inc. | 1,222 | 173,243 | ||||||
Hartford Financial Services Group, Inc. (The) | 6,525 | 435,805 | ||||||
Marsh & McLennan Cos., Inc. | 3,074 | 374,413 | ||||||
MetLife, Inc. | 6,957 | 422,916 | ||||||
Progressive Corp. (The) | 4,014 | 383,779 | ||||||
Travelers Cos., Inc. (The) | 2,191 | 329,526 | ||||||
|
| |||||||
| Total Insurance |
| 2,873,325 | ||||||
| Interactive Media & Services – 5.1% |
| |||||||
Alphabet, Inc. Class A* | 2,027 | 4,180,728 | ||||||
Snap, Inc. Class A*(a) | 5,707 | 298,419 | ||||||
|
| |||||||
| Total Interactive Media & Services |
| 4,479,147 | ||||||
| Internet & Direct Marketing Retail – 4.0% |
| |||||||
Amazon.com, Inc.* | 970 | 3,001,257 | ||||||
eBay, Inc. | 4,083 | 250,043 | ||||||
Etsy, Inc.* | 1,076 | 216,997 | ||||||
Wayfair, Inc. Class A*(a) | 257 | 80,891 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 3,549,188 | ||||||
| IT Services – 3.4% |
| |||||||
Akamai Technologies, Inc.* | 2,075 | 211,443 | ||||||
Automatic Data Processing, Inc. | 2,150 | 405,210 | ||||||
Black Knight, Inc.* | 1,296 | 95,891 | ||||||
Broadridge Financial Solutions, Inc. | 954 | 146,057 | ||||||
Cognizant Technology Solutions Corp. Class A | 3,195 | 249,593 | ||||||
EPAM Systems, Inc.* | 440 | 174,544 | ||||||
Gartner, Inc.* | 883 | 161,192 | ||||||
International Business Machines Corp. | 3,223 | 429,497 | ||||||
Jack Henry & Associates, Inc. | 726 | 110,149 | ||||||
PayPal Holdings, Inc.* | 3,558 | 864,025 | ||||||
VeriSign, Inc.* | 723 | 143,703 | ||||||
|
| |||||||
| Total IT Services |
| 2,991,304 | ||||||
| Leisure Products – 0.6% |
| |||||||
Brunswick Corp. | 913 | 87,073 | ||||||
Hasbro, Inc. | 2,207 | 212,137 | ||||||
Mattel, Inc.* | 6,251 | 124,520 | ||||||
YETI Holdings, Inc.* | 1,280 | 92,428 | ||||||
|
| |||||||
| Total Leisure Products |
| 516,158 | ||||||
| Life Sciences Tools & Services – 1.9% |
| |||||||
Agilent Technologies, Inc. | 2,037 | 258,984 | ||||||
Avantor, Inc.* | 2,084 | 60,290 | ||||||
Bio-Rad Laboratories, Inc. Class A* | 152 | 86,818 | ||||||
Bio-Techne Corp. | 269 | 102,739 | ||||||
Charles River Laboratories International, Inc.* | 478 | 138,539 | ||||||
Mettler-Toledo International, Inc.* | 177 | 204,557 | ||||||
Pacific Biosciences of California, Inc.* | 320 | 10,659 | ||||||
PRA Health Sciences, Inc.* | 1,187 | 182,003 | ||||||
Repligen Corp.* | 448 | 87,096 | ||||||
Thermo Fisher Scientific, Inc. | 940 | 428,997 | ||||||
Waters Corp.* | 556 | 157,998 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 1,718,680 | ||||||
| Machinery – 2.4% |
| |||||||
AGCO Corp. | 1,640 | 235,586 | ||||||
Caterpillar, Inc. | 2,197 | 509,418 | ||||||
Deere & Co. | 1,277 | 477,777 | ||||||
Donaldson Co., Inc. | 1,989 | 115,680 | ||||||
Lincoln Electric Holdings, Inc. | 1,704 | 209,490 | ||||||
Snap-on, Inc. | 567 | 130,830 | ||||||
Stanley Black & Decker, Inc. | 1,101 | 219,837 | ||||||
Timken Co. (The) | 1,401 | 113,719 | ||||||
Toro Co. (The) | 1,129 | 116,445 | ||||||
|
| |||||||
| Total Machinery |
| 2,128,782 | ||||||
| Media – 2.8% |
| |||||||
Altice USA, Inc. Class A* | 4,370 | 142,156 | ||||||
Charter Communications, Inc. Class A* | 653 | 402,914 | ||||||
Comcast Corp. Class A | 16,349 | 884,644 | ||||||
Discovery, Inc. Class A*(a) | 2,399 | 104,261 | ||||||
Fox Corp. Class A | 3,014 | 108,835 | ||||||
Interpublic Group of Cos., Inc. (The) | 8,575 | 250,390 | ||||||
New York Times Co. (The) Class A | 3,488 | 176,563 | ||||||
News Corp. Class A | 8,479 | 215,621 | ||||||
Omnicom Group, Inc. | 2,631 | 195,089 | ||||||
|
| |||||||
| Total Media |
| 2,480,473 | ||||||
| Metals & Mining – 0.5% |
| |||||||
Newmont Corp. | 5,165 | 311,294 | ||||||
Reliance Steel & Aluminum Co. | 1,003 | 152,747 | ||||||
|
| |||||||
| Total Metals & Mining |
| 464,041 | ||||||
| Multi-Utilities – 1.4% |
| |||||||
Consolidated Edison, Inc. | 7,130 | 533,324 | ||||||
Sempra Energy | 5,088 | 674,567 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 1,207,891 | ||||||
| Multiline Retail – 0.6% |
| |||||||
Kohl’s Corp. | 2,648 | 157,847 | ||||||
Target Corp. | 1,963 | 388,812 | ||||||
|
| |||||||
| Total Multiline Retail |
| 546,659 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 25 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. ESG Fund (RESP)
March 31, 2021
| Investments | Shares | Value | ||||||
| Pharmaceuticals – 2.1% |
| |||||||
Bristol-Myers Squibb Co. | 6,086 | $ | 384,209 | |||||
Catalent, Inc.* | 1,154 | 121,528 | ||||||
Eli Lilly & Co. | 2,224 | 415,488 | ||||||
Merck & Co., Inc. | 6,224 | 479,808 | ||||||
Pfizer, Inc. | 12,163 | 440,665 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 1,841,698 | ||||||
| Professional Services – 0.7% |
| |||||||
Booz Allen Hamilton Holding Corp. | 2,543 | 204,788 | ||||||
Leidos Holdings, Inc. | 2,469 | 237,715 | ||||||
Robert Half International, Inc. | 2,508 | 195,800 | ||||||
|
| |||||||
| Total Professional Services |
| 638,303 | ||||||
| Real Estate Management & Development – 0.9% |
| |||||||
CBRE Group, Inc. Class A* | 4,438 | 351,090 | ||||||
eXp World Holdings, Inc.*(a) | 3,739 | 170,311 | ||||||
Jones Lang LaSalle, Inc.* | 1,468 | 262,831 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 784,232 | ||||||
| Road & Rail – 2.0% |
| |||||||
AMERCO | 128 | 78,413 | ||||||
CSX Corp. | 4,036 | 389,151 | ||||||
JB Hunt Transport Services, Inc. | 438 | 73,615 | ||||||
Kansas City Southern | 934 | 246,501 | ||||||
Knight-Swift Transportation Holdings, Inc. | 374 | 17,986 | ||||||
Norfolk Southern Corp. | 1,191 | 319,807 | ||||||
Old Dominion Freight Line, Inc. | 623 | 149,775 | ||||||
Union Pacific Corp. | 2,153 | 474,543 | ||||||
|
| |||||||
| Total Road & Rail |
| 1,749,791 | ||||||
| Semiconductors & Semiconductor Equipment – 4.9% |
| |||||||
Advanced Micro Devices, Inc.* | 5,271 | 413,774 | ||||||
Applied Materials, Inc. | 4,235 | 565,796 | ||||||
Entegris, Inc. | 1,302 | 145,564 | ||||||
First Solar, Inc.* | 2,851 | 248,892 | ||||||
Intel Corp. | 12,611 | 807,104 | ||||||
KLA Corp. | 893 | 295,047 | ||||||
Lam Research Corp. | 653 | 388,692 | ||||||
Maxim Integrated Products, Inc. | 2,195 | 200,557 | ||||||
Micron Technology, Inc.* | 3,563 | 314,292 | ||||||
QUALCOMM, Inc. | 3,931 | 521,211 | ||||||
SunPower Corp.* | 5,352 | 179,024 | ||||||
Teradyne, Inc. | 1,789 | 217,686 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 4,297,639 | ||||||
| Software – 11.2% |
| |||||||
Adobe, Inc.* | 1,642 | 780,558 | ||||||
Appian Corp.*(a) | 1,135 | 150,898 | ||||||
Aspen Technology, Inc.* | 492 | 71,010 | ||||||
Autodesk, Inc.* | 1,327 | 367,778 | ||||||
Blackline, Inc.* | 1,211 | 131,272 | ||||||
Cadence Design Systems, Inc.* | 1,306 | 178,909 | ||||||
Citrix Systems, Inc. | 1,286 | 180,503 | ||||||
Digital Turbine, Inc.* | 1,661 | 133,478 | ||||||
Dropbox, Inc. Class A* | 4,095 | 109,173 | ||||||
Fortinet, Inc.* | 523 | 96,452 | ||||||
HubSpot, Inc.* | 295 | 133,992 | ||||||
Intuit, Inc. | 1,238 | 474,228 | ||||||
Microsoft Corp. | 17,732 | 4,180,674 | ||||||
MicroStrategy, Inc. Class A*(a) | 108 | 73,310 | ||||||
Nuance Communications, Inc.* | 4,307 | 187,957 | ||||||
Oracle Corp. | 9,045 | 634,688 | ||||||
PTC, Inc.* | 923 | 127,051 | ||||||
RealPage, Inc.* | 571 | 49,791 | ||||||
salesforce.com, Inc.* | 3,016 | 639,000 | ||||||
Synopsys, Inc.* | 829 | 205,410 | ||||||
Trade Desk, Inc. (The) Class A* | 261 | 170,083 | ||||||
Tyler Technologies, Inc.* | 372 | 157,925 | ||||||
VMware, Inc. Class A* | 2,383 | 358,522 | ||||||
Workday, Inc. Class A* | 1,320 | 327,928 | ||||||
|
| |||||||
| Total Software |
| 9,920,590 | ||||||
| Specialty Retail – 2.2% |
| |||||||
AutoNation, Inc.* | 928 | 86,508 | ||||||
AutoZone, Inc.* | 122 | 171,325 | ||||||
Best Buy Co., Inc. | 2,234 | 256,485 | ||||||
GameStop Corp. Class A* | 841 | 159,639 | ||||||
L Brands, Inc. | 3,100 | 191,766 | ||||||
Lithia Motors, Inc. Class A | 323 | 125,999 | ||||||
Lowe’s Cos., Inc. | 2,340 | 445,021 | ||||||
O’Reilly Automotive, Inc.* | 184 | 93,334 | ||||||
Tractor Supply Co. | 1,163 | 205,944 | ||||||
Williams-Sonoma, Inc. | 1,135 | 203,392 | ||||||
|
| |||||||
| Total Specialty Retail |
| 1,939,413 | ||||||
| Technology Hardware, Storage & Peripherals – 6.8% |
| |||||||
Apple, Inc. | 39,434 | 4,816,863 | ||||||
Hewlett Packard Enterprise Co. | 21,351 | 336,065 | ||||||
HP, Inc. | 12,042 | 382,333 | ||||||
NetApp, Inc. | 3,250 | 236,178 | ||||||
Western Digital Corp. | 3,019 | 201,518 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 5,972,957 | ||||||
| Textiles, Apparel & Luxury Goods – 1.1% |
| |||||||
Deckers Outdoor Corp.* | 523 | 172,810 | ||||||
Hanesbrands, Inc. | 6,700 | 131,789 | ||||||
NIKE, Inc. Class B | 4,243 | 563,852 | ||||||
Tapestry, Inc. | 3,318 | 136,735 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 1,005,186 | ||||||
| Trading Companies & Distributors – 0.6% |
| |||||||
United Rentals, Inc.* | 801 | 263,777 | ||||||
W.W. Grainger, Inc. | 707 | 283,457 | ||||||
Watsco, Inc. | 1 | 261 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 547,495 | ||||||
| Water Utilities – 0.7% |
| |||||||
American Water Works Co., Inc. | 4,081 | 611,824 | ||||||
TOTAL COMMON STOCKS (Cost: $65,578,110) |
| 88,284,674 | ||||||
See Notes to Financial Statements.
| 26 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. ESG Fund (RESP)
March 31, 2021
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1% |
| |||||||
| United States – 0.1% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(b) | ||||||||
| (Cost: $75,660) | 75,660 | $ | 75,660 | |||||
TOTAL INVESTMENTS IN SECURITIES – 100.0% (Cost: $65,653,770) |
| 88,360,334 | ||||||
Other Assets less Liabilities – 0.0% |
| 14,113 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 88,374,447 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $682,383 and the total market value of the collateral held by the Fund was $705,272. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $629,612. |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 88,284,674 | $ | — | $ | — | $ | 88,284,674 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 75,660 | — | 75,660 | ||||||||||||
Total Investments in Securities | $ | 88,284,674 | $ | 75,660 | $ | — | $ | 88,360,334 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 27 |
Table of Contents
Schedule of Investments
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% |
| |||||||
| United States – 99.7% |
| |||||||
| Banks – 11.3% |
| |||||||
ACNB Corp. | 627 | $ | 18,371 | |||||
American National Bankshares, Inc. | 1,747 | 57,773 | ||||||
Arrow Financial Corp. | 2,241 | 74,648 | ||||||
Associated Banc-Corp. | 29,946 | 639,048 | ||||||
Atlantic Union Bankshares Corp. | 10,919 | 418,853 | ||||||
Bank of Hawaii Corp. | 5,836 | 522,264 | ||||||
Bank OZK | 19,780 | 808,013 | ||||||
Banner Corp. | 5,760 | 307,181 | ||||||
Bar Harbor Bankshares | 2,118 | 62,312 | ||||||
Brookline Bancorp, Inc. | 13,710 | 205,650 | ||||||
Bryn Mawr Bank Corp. | 3,248 | 147,816 | ||||||
Camden National Corp. | 2,357 | 112,806 | ||||||
Cathay General Bancorp | 14,044 | 572,714 | ||||||
Central Pacific Financial Corp. | 6,910 | 184,359 | ||||||
Citigroup, Inc. | 317,939 | 23,130,062 | ||||||
Citizens & Northern Corp. | 3,681 | 87,534 | ||||||
City Holding Co.(a) | 3,200 | 261,696 | ||||||
CNB Financial Corp. | 2,389 | 58,793 | ||||||
Columbia Banking System, Inc. | 10,625 | 457,831 | ||||||
Community Trust Bancorp, Inc. | 3,322 | 146,268 | ||||||
Cullen/Frost Bankers, Inc. | 9,027 | 981,777 | ||||||
CVB Financial Corp. | 21,378 | 472,240 | ||||||
Dime Community Bancshares, Inc. | 6,429 | 193,770 | ||||||
Farmers National Banc Corp. | 5,499 | 91,833 | ||||||
Fifth Third Bancorp | 123,584 | 4,628,221 | ||||||
Financial Institutions, Inc. | 3,333 | 100,957 | ||||||
First Bancorp, Inc. (The) | 2,454 | 71,632 | ||||||
First Busey Corp. | 9,575 | 245,599 | ||||||
First Commonwealth Financial Corp. | 17,939 | 257,783 | ||||||
First Community Bankshares, Inc. | 3,745 | 112,313 | ||||||
First Financial Bancorp | 22,801 | 547,224 | ||||||
First Hawaiian, Inc. | 25,954 | 710,361 | ||||||
First Horizon Corp. | 114,339 | 1,933,472 | ||||||
First Interstate BancSystem, Inc. Class A | 6,742 | 310,402 | ||||||
First of Long Island Corp. (The) | 4,160 | 88,400 | ||||||
Flushing Financial Corp. | 8,119 | 172,366 | ||||||
Fulton Financial Corp. | 27,599 | 470,011 | ||||||
HBT Financial, Inc. | 6,775 | 115,988 | ||||||
Heritage Commerce Corp. | 16,615 | 203,035 | ||||||
Heritage Financial Corp.(a) | 5,062 | 142,951 | ||||||
Hope Bancorp, Inc. | 28,135 | 423,713 | ||||||
Horizon Bancorp, Inc. | 6,087 | 113,096 | ||||||
Independent Bank Corp. | 4,680 | 110,635 | ||||||
International Bancshares Corp. | 8,832 | 409,981 | ||||||
Investors Bancorp, Inc.(a) | 51,820 | 761,236 | ||||||
Lakeland Bancorp, Inc. | 8,237 | 143,571 | ||||||
M&T Bank Corp. | 19,707 | 2,987,778 | ||||||
Macatawa Bank Corp. | 8,788 | 87,441 | ||||||
Mercantile Bank Corp. | 3,011 | 97,767 | ||||||
Midland States Bancorp, Inc. | 6,005 | 166,579 | ||||||
MidWestOne Financial Group, Inc. | 2,668 | 82,628 | ||||||
NBT Bancorp, Inc. | 6,597 | 263,220 | ||||||
Norwood Financial Corp. | 646 | 17,190 | ||||||
OceanFirst Financial Corp. | 10,632 | 254,530 | ||||||
Old National Bancorp | 24,430 | 472,476 | ||||||
Pacific Premier Bancorp, Inc. | 15,605 | 677,881 | ||||||
Park National Corp.(a) | 2,873 | 371,479 | ||||||
People’s United Financial, Inc. | 103,883 | 1,859,506 | ||||||
Peoples Bancorp, Inc. | 4,874 | 161,671 | ||||||
Peoples Financial Services Corp. | 969 | 40,931 | ||||||
Primis Financial Corp. | 4,244 | 61,708 | ||||||
Regions Financial Corp. | 168,718 | 3,485,714 | ||||||
Sandy Spring Bancorp, Inc.(a) | 7,630 | 331,371 | ||||||
Sierra Bancorp | 2,961 | 79,355 | ||||||
Simmons First National Corp. Class A(a) | 15,548 | 461,309 | ||||||
Southside Bancshares, Inc. | 6,108 | 235,219 | ||||||
Synovus Financial Corp. | 26,175 | 1,197,506 | ||||||
Tompkins Financial Corp.(a) | 2,006 | 165,896 | ||||||
Truist Financial Corp. | 227,513 | 13,268,558 | ||||||
Trustmark Corp. | 9,139 | 307,619 | ||||||
U.S. Bancorp | 243,288 | 13,456,259 | ||||||
Umpqua Holdings Corp. | 54,966 | 964,653 | ||||||
United Bankshares, Inc. | 25,994 | 1,002,848 | ||||||
Univest Financial Corp. | 5,557 | 158,875 | ||||||
Valley National Bancorp | 80,404 | 1,104,751 | ||||||
Washington Trust Bancorp, Inc. | 3,603 | 186,023 | ||||||
Webster Financial Corp. | 15,479 | 853,048 | ||||||
WesBanco, Inc. | 12,777 | 460,739 | ||||||
West Bancorp, Inc. | 4,580 | 110,332 | ||||||
|
| |||||||
| Total Banks |
| 87,519,419 | ||||||
| Beverages – 4.0% |
| |||||||
Coca-Cola Co. (The) | 582,728 | 30,715,593 | ||||||
| Biotechnology – 7.1% |
| |||||||
AbbVie, Inc. | 362,072 | 39,183,432 | ||||||
Gilead Sciences, Inc. | 247,276 | 15,981,448 | ||||||
|
| |||||||
| Total Biotechnology |
| 55,164,880 | ||||||
| Capital Markets – 2.2% |
| |||||||
Ares Management Corp. Class A | 31,292 | 1,753,291 | ||||||
Artisan Partners Asset Management, Inc. Class A | 27,927 | 1,456,952 | ||||||
B. Riley Financial, Inc. | 6,854 | 386,429 | ||||||
Blackstone Group, Inc. (The) Class A | 100,474 | 7,488,327 | ||||||
Federated Hermes, Inc. Class B | 16,040 | 502,052 | ||||||
Franklin Resources, Inc. | 98,729 | 2,922,378 | ||||||
GCM Grosvenor, Inc. Class A(a) | 65,478 | 779,188 | ||||||
Moelis & Co. Class A | 12,640 | 693,683 | ||||||
Virtu Financial, Inc. Class A | 22,488 | 698,252 | ||||||
|
| |||||||
| Total Capital Markets |
| 16,680,552 | ||||||
| Chemicals – 1.7% |
| |||||||
Cabot Corp. | 8,486 | 445,006 | ||||||
Chemours Co. (The) | 27,139 | 757,449 | ||||||
Dow, Inc. | 169,585 | 10,843,265 | ||||||
Kronos Worldwide, Inc. | 25,192 | 385,438 | ||||||
Olin Corp. | 23,170 | 879,765 | ||||||
|
| |||||||
| Total Chemicals |
| 13,310,923 | ||||||
See Notes to Financial Statements.
| 28 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2021
| Investments | Shares | Value | ||||||
| Commercial Services & Supplies – 0.2% |
| |||||||
ACCO Brands Corp. | 12,757 | $ | 107,669 | |||||
Deluxe Corp. | 8,101 | 339,918 | ||||||
Ennis, Inc. | 6,113 | 130,512 | ||||||
Healthcare Services Group, Inc. | 10,927 | 306,284 | ||||||
HNI Corp. | 6,312 | 249,703 | ||||||
NL Industries, Inc. | 5,768 | 42,971 | ||||||
Pitney Bowes, Inc.(a) | 26,066 | 214,784 | ||||||
Steelcase, Inc. Class A | 12,364 | 177,918 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 1,569,759 | ||||||
| Communications Equipment – 4.2% |
| |||||||
Cisco Systems, Inc. | 605,608 | 31,315,990 | ||||||
Juniper Networks, Inc. | 53,174 | 1,346,897 | ||||||
|
| |||||||
| Total Communications Equipment |
| 32,662,887 | ||||||
| Consumer Finance – 0.3% |
| |||||||
Navient Corp. | 54,782 | 783,931 | ||||||
OneMain Holdings, Inc. | 24,456 | 1,313,776 | ||||||
|
| |||||||
| Total Consumer Finance |
| 2,097,707 | ||||||
| Containers & Packaging – 0.6% |
| |||||||
Greif, Inc. Class B(a) | 5,385 | 308,237 | ||||||
International Paper Co. | 72,969 | 3,945,434 | ||||||
Myers Industries, Inc. | 4,871 | 96,251 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 4,349,922 | ||||||
| Diversified Consumer Services – 0.2% |
| |||||||
H&R Block, Inc. | 55,491 | 1,209,704 | ||||||
| Diversified Telecommunication Services – 10.6% |
| |||||||
AT&T, Inc. | 1,241,638 | 37,584,382 | ||||||
Cogent Communications Holdings, Inc. | 10,384 | 714,004 | ||||||
Lumen Technologies, Inc. | 474,040 | 6,328,434 | ||||||
Verizon Communications, Inc. | 638,003 | 37,099,874 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 81,726,694 | ||||||
| Electric Utilities – 8.8% |
| |||||||
ALLETE, Inc. | 9,507 | 638,775 | ||||||
American Electric Power Co., Inc. | 78,139 | 6,618,373 | ||||||
Avangrid, Inc. | 53,589 | 2,669,268 | ||||||
Duke Energy Corp. | 136,778 | 13,203,180 | ||||||
Edison International | 67,910 | 3,979,526 | ||||||
Entergy Corp. | 32,556 | 3,238,345 | ||||||
Evergy, Inc. | 38,758 | 2,307,264 | ||||||
Exelon Corp. | 159,415 | 6,972,812 | ||||||
FirstEnergy Corp. | 122,694 | 4,256,255 | ||||||
Genie Energy Ltd. Class B(a) | 6,877 | 43,600 | ||||||
Hawaiian Electric Industries, Inc. | 16,796 | 746,246 | ||||||
NRG Energy, Inc. | 38,785 | 1,463,358 | ||||||
OGE Energy Corp. | 43,971 | 1,422,902 | ||||||
Otter Tail Corp. | 5,938 | 274,158 | ||||||
Pinnacle West Capital Corp. | 20,697 | 1,683,701 | ||||||
Portland General Electric Co. | 15,654 | 743,095 | ||||||
PPL Corp. | 199,983 | 5,767,510 | ||||||
Southern Co. (The) | 197,243 | 12,260,625 | ||||||
|
| |||||||
| Total Electric Utilities |
| 68,288,993 | ||||||
| Electrical Equipment – 0.0% |
| |||||||
Powell Industries, Inc.(a) | 1,765 | 59,781 | ||||||
| Energy Equipment & Services – 0.3% |
| |||||||
Archrock, Inc. | 42,675 | 404,986 | ||||||
Baker Hughes Co. | 96,063 | 2,075,921 | ||||||
|
| |||||||
| Total Energy Equipment & Services |
| 2,480,907 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 5.0% |
| |||||||
Agree Realty Corp. | 3,131 | 210,748 | ||||||
Alexander’s, Inc. | 494 | 136,986 | ||||||
American Assets Trust, Inc. | 3,042 | 98,682 | ||||||
American Campus Communities, Inc. | 9,582 | 413,655 | ||||||
Armada Hoffler Properties, Inc. | 4,498 | 56,405 | ||||||
AvalonBay Communities, Inc. | 8,852 | 1,633,282 | ||||||
Bluerock Residential Growth REIT, Inc. | 2,660 | 26,893 | ||||||
Boston Properties, Inc. | 9,904 | 1,002,879 | ||||||
Brandywine Realty Trust | 17,438 | 225,125 | ||||||
Brixmor Property Group, Inc. | 26,155 | 529,116 | ||||||
Brookfield Property REIT, Inc. Class A | 5,582 | 100,197 | ||||||
BRT Apartments Corp. | 1,090 | 18,356 | ||||||
Camden Property Trust | 5,291 | 581,534 | ||||||
CareTrust REIT, Inc. | 7,113 | 165,626 | ||||||
CatchMark Timber Trust, Inc. Class A | 3,912 | 39,824 | ||||||
Centerspace | 1,045 | 71,060 | ||||||
Columbia Property Trust, Inc. | 10,465 | 178,951 | ||||||
Community Healthcare Trust, Inc. | 1,396 | 64,383 | ||||||
CoreSite Realty Corp. | 4,129 | 494,861 | ||||||
Corporate Office Properties Trust | 8,123 | 213,879 | ||||||
Cousins Properties, Inc. | 8,305 | 293,582 | ||||||
Crown Castle International Corp. | 23,353 | 4,019,752 | ||||||
CubeSmart | 18,970 | 717,635 | ||||||
Douglas Emmett, Inc. | 9,857 | 309,510 | ||||||
Easterly Government Properties, Inc. | 6,696 | 138,808 | ||||||
Equity Residential | 24,631 | 1,764,318 | ||||||
Essential Properties Realty Trust, Inc. | 7,793 | 177,914 | ||||||
Essex Property Trust, Inc. | 3,606 | 980,255 | ||||||
Extra Space Storage, Inc. | 10,190 | 1,350,684 | ||||||
Four Corners Property Trust, Inc. | 8,012 | 219,529 | ||||||
Gaming and Leisure Properties, Inc. | 31,378 | 1,331,369 | ||||||
Getty Realty Corp. | 6,040 | 171,053 | ||||||
Gladstone Commercial Corp. | 3,859 | 75,482 | ||||||
Gladstone Land Corp. | 1,925 | 35,227 | ||||||
Global Medical REIT, Inc. | 4,772 | 62,561 | ||||||
Healthcare Realty Trust, Inc. | 12,952 | 392,705 | ||||||
Healthcare Trust of America, Inc. Class A | 16,878 | 465,495 | ||||||
Healthpeak Properties, Inc. | 43,362 | 1,376,310 | ||||||
Highwoods Properties, Inc. | 7,816 | 335,619 | ||||||
Hudson Pacific Properties, Inc. | 9,299 | 252,282 | ||||||
Independence Realty Trust, Inc. | 6,140 | 93,328 | ||||||
Industrial Logistics Properties Trust | 9,597 | 221,979 | ||||||
Iron Mountain, Inc. | 37,896 | 1,402,531 | ||||||
iStar, Inc.(a) | 3,760 | 66,853 | ||||||
Kimco Realty Corp. | 29,387 | 551,006 | ||||||
Lexington Realty Trust | 27,999 | 311,069 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2021
| Investments | Shares | Value | ||||||
Life Storage, Inc. | 4,456 | $ | 382,993 | |||||
LTC Properties, Inc. | 3,962 | 165,295 | ||||||
Medical Properties Trust, Inc. | 45,112 | 959,983 | ||||||
Monmouth Real Estate Investment Corp. | 6,448 | 114,065 | ||||||
National Health Investors, Inc. | 4,533 | 327,645 | ||||||
National Retail Properties, Inc. | 14,714 | 648,446 | ||||||
National Storage Affiliates Trust | 6,619 | 264,297 | ||||||
NETSTREIT Corp. | 1,842 | 34,059 | ||||||
New Senior Investment Group, Inc. | 6,542 | 40,757 | ||||||
Office Properties Income Trust(a) | 6,907 | 190,081 | ||||||
One Liberty Properties, Inc. | 2,571 | 57,256 | ||||||
Paramount Group, Inc. | 14,794 | 149,863 | ||||||
Physicians Realty Trust | 16,678 | 294,700 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 10,871 | 188,829 | ||||||
Plymouth Industrial REIT, Inc. | 2,750 | 46,337 | ||||||
PotlatchDeltic Corp. | 5,134 | 271,691 | ||||||
Public Storage | 15,373 | 3,793,441 | ||||||
Rayonier, Inc. | 7,354 | 237,166 | ||||||
Realty Income Corp. | 26,389 | 1,675,701 | ||||||
Retail Value, Inc. | 2,083 | 38,973 | ||||||
Sabra Health Care REIT, Inc. | 21,995 | 381,833 | ||||||
Saul Centers, Inc. | 2,223 | 89,165 | ||||||
SL Green Realty Corp. | 6,674 | 467,113 | ||||||
Spirit Realty Capital, Inc. | 11,071 | 470,517 | ||||||
STAG Industrial, Inc. | 11,806 | 396,800 | ||||||
STORE Capital Corp. | 18,813 | 630,235 | ||||||
UDR, Inc. | 18,066 | 792,375 | ||||||
UMH Properties, Inc. | 2,934 | 56,245 | ||||||
Uniti Group, Inc. | 20,056 | 221,218 | ||||||
Universal Health Realty Income Trust | 738 | 50,022 | ||||||
Urstadt Biddle Properties, Inc. Class A | 2,247 | 37,413 | ||||||
VICI Properties, Inc.(a) | 44,640 | 1,260,634 | ||||||
Washington Real Estate Investment Trust | 6,764 | 149,484 | ||||||
Weingarten Realty Investors | 6,915 | 186,083 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 38,450,013 | ||||||
| Food & Staples Retailing – 0.0% |
| |||||||
SpartanNash Co.(a) | 6,911 | 135,663 | ||||||
Village Super Market, Inc. Class A | 2,089 | 49,238 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 184,901 | ||||||
| Food Products – 3.9% |
| |||||||
B&G Foods, Inc. | 27,280 | 847,317 | ||||||
Flowers Foods, Inc. | 49,793 | 1,185,073 | ||||||
General Mills, Inc. | 138,966 | 8,521,395 | ||||||
Ingredion, Inc. | 9,353 | 841,022 | ||||||
J.M. Smucker Co. (The) | 23,578 | 2,983,324 | ||||||
Kellogg Co. | 83,388 | 5,278,461 | ||||||
Kraft Heinz Co. (The) | 252,886 | 10,115,440 | ||||||
|
| |||||||
| Total Food Products |
| 29,772,032 | ||||||
| Gas Utilities – 0.6% |
| |||||||
National Fuel Gas Co. | 16,238 | 811,738 | ||||||
New Jersey Resources Corp. | 16,991 | 677,431 | ||||||
Northwest Natural Holding Co. | 5,257 | 283,615 | ||||||
South Jersey Industries, Inc.(a) | 22,941 | 518,008 | ||||||
Southwest Gas Holdings, Inc. | 8,825 | 606,366 | ||||||
Spire, Inc. | 9,098 | 672,251 | ||||||
UGI Corp. | 34,030 | 1,395,570 | ||||||
|
| |||||||
| Total Gas Utilities |
| 4,964,979 | ||||||
| Health Care Providers & Services – 0.4% |
| |||||||
Cardinal Health, Inc. | 46,233 | 2,808,655 | ||||||
National HealthCare Corp. | 2,019 | 157,300 | ||||||
Patterson Cos., Inc. | 14,002 | 447,364 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 3,413,319 | ||||||
| Household Durables – 0.5% |
| |||||||
Ethan Allen Interiors, Inc. | 6,012 | 165,991 | ||||||
Leggett & Platt, Inc. | 22,628 | 1,032,968 | ||||||
MDC Holdings, Inc.(a) | 10,279 | 610,573 | ||||||
Newell Brands, Inc. | 83,639 | 2,239,852 | ||||||
|
| |||||||
| Total Household Durables |
| 4,049,384 | ||||||
| Household Products – 1.3% |
| |||||||
Kimberly-Clark Corp. | 70,734 | 9,835,563 | ||||||
| Independent Power & Renewable Electricity Producers – 0.0% |
| |||||||
Clearway Energy, Inc. Class A | 10,082 | 267,274 | ||||||
| Industrial Conglomerates – 3.2% |
| |||||||
3M Co. | 128,970 | 24,849,940 | ||||||
| Insurance – 2.5% |
| |||||||
American National Group, Inc. | 4,465 | 481,640 | ||||||
CNA Financial Corp. | 46,980 | 2,096,717 | ||||||
Donegal Group, Inc. Class A | 6,907 | 102,638 | ||||||
FBL Financial Group, Inc. Class A(a) | 3,996 | 223,456 | ||||||
Fidelity National Financial, Inc. | 49,776 | 2,023,892 | ||||||
First American Financial Corp. | 17,530 | 993,075 | ||||||
Mercury General Corp. | 19,772 | 1,202,335 | ||||||
MetLife, Inc. | 154,679 | 9,402,936 | ||||||
Old Republic International Corp. | 60,131 | 1,313,261 | ||||||
Safety Insurance Group, Inc. | 4,507 | 379,715 | ||||||
Unum Group | 43,972 | 1,223,741 | ||||||
|
| |||||||
| Total Insurance |
| 19,443,406 | ||||||
| Internet & Direct Marketing Retail – 0.0% |
| |||||||
PetMed Express, Inc.(a) | 3,337 | 117,379 | ||||||
| IT Services – 3.8% |
| |||||||
International Business Machines Corp. | 206,229 | 27,482,077 | ||||||
Western Union Co. (The) | 73,787 | 1,819,587 | ||||||
|
| |||||||
| Total IT Services |
| 29,301,664 | ||||||
| Leisure Products – 0.0% |
| |||||||
Sturm Ruger & Co., Inc.(a) | 4,107 | 271,349 | ||||||
| Media – 0.7% |
| |||||||
Interpublic Group of Cos., Inc. (The) | 73,518 | 2,146,726 | ||||||
John Wiley & Sons, Inc. Class A | 6,442 | 349,156 | ||||||
Omnicom Group, Inc. | 38,100 | 2,825,115 | ||||||
|
| |||||||
| Total Media |
| 5,320,997 | ||||||
| Metals & Mining – 0.1% |
| |||||||
Compass Minerals International, Inc.(a) | 10,536 | 660,818 | ||||||
Haynes International, Inc. | 2,027 | 60,141 | ||||||
See Notes to Financial Statements.
| 30 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2021
| Investments | Shares | Value | ||||||
Kaiser Aluminum Corp. | 1,935 | $ | 213,818 | |||||
SunCoke Energy, Inc. | 17,415 | 122,079 | ||||||
|
| |||||||
| Total Metals & Mining |
| 1,056,856 | ||||||
| Multi-Utilities – 3.5% |
| |||||||
Avista Corp. | 12,533 | 598,451 | ||||||
Black Hills Corp.(a) | 10,502 | 701,218 | ||||||
Consolidated Edison, Inc. | 61,641 | 4,610,747 | ||||||
Dominion Energy, Inc. | 121,132 | 9,201,187 | ||||||
DTE Energy Co. | 29,337 | 3,905,928 | ||||||
MDU Resources Group, Inc. | 45,238 | 1,429,973 | ||||||
NiSource, Inc. | 61,788 | 1,489,709 | ||||||
NorthWestern Corp. | 9,578 | 624,486 | ||||||
Public Service Enterprise Group, Inc. | 77,449 | 4,663,204 | ||||||
Unitil Corp. | 2,252 | 102,894 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 27,327,797 | ||||||
| Multiline Retail – 0.0% |
| |||||||
Franchise Group, Inc. | 6,662 | 240,565 | ||||||
| Oil, Gas & Consumable Fuels – 0.6% |
| |||||||
Antero Midstream Corp.(a) | 302,117 | 2,728,116 | ||||||
Diamondback Energy, Inc. | 20,791 | 1,527,931 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 4,256,047 | ||||||
| Paper & Forest Products – 0.1% |
| |||||||
Glatfelter Corp. | 6,396 | 109,691 | ||||||
Neenah, Inc. | 2,612 | 134,205 | ||||||
Schweitzer-Mauduit International, Inc. | 6,370 | 311,939 | ||||||
Verso Corp. Class A | 5,155 | 75,211 | ||||||
|
| |||||||
| Total Paper & Forest Products |
| 631,046 | ||||||
| Pharmaceuticals – 4.3% |
| |||||||
Pfizer, Inc. | 906,310 | 32,835,611 | ||||||
| Professional Services – 0.0% |
| |||||||
Resources Connection, Inc.(a) | 6,522 | 88,308 | ||||||
| Real Estate Management & Development – 0.0% |
| |||||||
Kennedy-Wilson Holdings, Inc. | 11,474 | 231,889 | ||||||
RMR Group, Inc. (The) Class A | 1,158 | 47,258 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 279,147 | ||||||
| Road & Rail – 0.1% |
| |||||||
Ryder System, Inc. | 12,736 | 963,478 | ||||||
| Semiconductors & Semiconductor Equipment – 3.4% |
| |||||||
Broadcom, Inc. | 57,160 | 26,502,806 | ||||||
NVE Corp.(a) | 1,590 | 111,459 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 26,614,265 | ||||||
| Specialty Retail – 0.2% |
| |||||||
Big 5 Sporting Goods Corp.(a) | 6,996 | 109,837 | ||||||
Buckle, Inc. (The) | 8,015 | 314,829 | ||||||
Haverty Furniture Cos., Inc. | 3,757 | 139,723 | ||||||
Rent-A-Center, Inc. | 12,223 | 704,778 | ||||||
|
| |||||||
| Total Specialty Retail |
| 1,269,167 | ||||||
| Technology Hardware, Storage & Peripherals – 1.2% |
| |||||||
HP, Inc. | 203,044 | 6,446,647 | ||||||
NetApp, Inc. | 30,392 | 2,208,587 | ||||||
Xerox Holdings Corp. | 38,383 | 931,555 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 9,586,789 | ||||||
| Textiles, Apparel & Luxury Goods – 0.3% |
| |||||||
Hanesbrands, Inc.(a) | 66,088 | 1,299,951 | ||||||
Kontoor Brands, Inc. | 13,739 | 666,754 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 1,966,705 | ||||||
| Thrifts & Mortgage Finance – 0.7% |
| |||||||
Capitol Federal Financial, Inc. | 25,619 | 339,324 | ||||||
Federal Agricultural Mortgage Corp. Class C | 1,710 | 172,231 | ||||||
New York Community Bancorp, Inc. | 136,202 | 1,718,869 | ||||||
Northfield Bancorp, Inc. | 8,110 | 129,111 | ||||||
Northwest Bancshares, Inc. | 34,380 | 496,791 | ||||||
Premier Financial Corp. | 6,082 | 202,287 | ||||||
Provident Financial Services, Inc. | 18,595 | 414,297 | ||||||
Territorial Bancorp, Inc. | 1,566 | 41,436 | ||||||
TFS Financial Corp. | 78,624 | 1,601,571 | ||||||
TrustCo Bank Corp. | 18,492 | 136,286 | ||||||
Washington Federal, Inc. | 11,242 | 346,254 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 5,598,457 | ||||||
| Tobacco – 11.3% |
| |||||||
Altria Group, Inc. | 895,397 | 45,808,511 | ||||||
Philip Morris International, Inc. | 452,972 | 40,196,735 | ||||||
Universal Corp. | 6,749 | 398,124 | ||||||
Vector Group Ltd. | 64,674 | 902,202 | ||||||
|
| |||||||
| Total Tobacco |
| 87,305,572 | ||||||
| Trading Companies & Distributors – 0.4% |
| |||||||
H&E Equipment Services, Inc. | 6,132 | 233,016 | ||||||
MSC Industrial Direct Co., Inc. Class A | 6,946 | 626,460 | ||||||
Watsco, Inc. | 7,024 | 1,831,508 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 2,690,984 | ||||||
| Wireless Telecommunication Services – 0.1% |
| |||||||
Telephone & Data Systems, Inc. | 17,070 | 391,927 | ||||||
TOTAL COMMON STOCKS (Cost: $697,829,049) |
| 771,182,642 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0% |
| |||||||
| United States – 0.0% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(b) | ||||||||
| (Cost: $208,513) | 208,513 | 208,513 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $698,037,562) |
| 771,391,155 | ||||||
Other Assets less Liabilities – 0.3% |
| 2,643,312 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 774,034,467 | |||||
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $6,753,014 and the total market value of the collateral held by the Fund was $7,015,149. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,806,636. |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
See Notes to Financial Statements.
| WisdomTree Trust | 31 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2021
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/ (Loss) | Change in Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree U.S. Total Dividend Fund^ | $ | 3,007,801 | $ | 17,950,349 | $ | 21,430,776 | $ | 829,765 | $ | (357,139 | ) | $ | — | $ | 67,353 | |||||||||||||
| ^ | As of March 31, 2021, 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 March 31, 2021 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 | $ | 771,182,642 | $ | — | $ | — | $ | 771,182,642 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 208,513 | — | 208,513 | ||||||||||||
Total Investments in Securities | $ | 771,182,642 | $ | 208,513 | $ | — | $ | 771,391,155 | ||||||||
See Notes to Financial Statements.
| 32 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree U.S. LargeCap Dividend Fund (DLN)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% |
| |||||||
| United States – 99.6% |
| |||||||
| Aerospace & Defense – 1.2% |
| |||||||
General Dynamics Corp. | 42,806 | $ | 7,771,857 | |||||
L3Harris Technologies, Inc. | 21,543 | 4,366,335 | ||||||
Lockheed Martin Corp. | 42,816 | 15,820,512 | ||||||
Northrop Grumman Corp. | 18,034 | 5,836,524 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 33,795,228 | ||||||
| Air Freight & Logistics – 1.0% |
| |||||||
C.H. Robinson Worldwide, Inc. | 12,998 | 1,240,399 | ||||||
Expeditors International of Washington, Inc. | 12,691 | 1,366,694 | ||||||
FedEx Corp. | 13,505 | 3,835,960 | ||||||
United Parcel Service, Inc. Class B | 135,799 | 23,084,472 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 29,527,525 | ||||||
| Banks – 6.8% |
| |||||||
Bank of America Corp. | 1,154,106 | 44,652,361 | ||||||
Citigroup, Inc. | 380,115 | 27,653,366 | ||||||
Fifth Third Bancorp | 140,529 | 5,262,811 | ||||||
First Republic Bank | 6,956 | 1,159,913 | ||||||
JPMorgan Chase & Co. | 489,227 | 74,475,026 | ||||||
M&T Bank Corp. | 21,868 | 3,315,408 | ||||||
Regions Financial Corp. | 220,079 | 4,546,832 | ||||||
Truist Financial Corp. | 269,859 | 15,738,177 | ||||||
U.S. Bancorp | 291,343 | 16,114,181 | ||||||
|
| |||||||
| Total Banks |
| 192,918,075 | ||||||
| Beverages – 3.3% |
| |||||||
Brown-Forman Corp. Class B | 32,608 | 2,248,974 | ||||||
Coca-Cola Co. (The) | 709,912 | 37,419,462 | ||||||
Constellation Brands, Inc. Class A | 14,427 | 3,289,356 | ||||||
Keurig Dr. Pepper, Inc. | 156,963 | 5,394,818 | ||||||
PepsiCo, Inc. | 310,090 | 43,862,230 | ||||||
|
| |||||||
| Total Beverages |
| 92,214,840 | ||||||
| Biotechnology – 3.2% |
| |||||||
AbbVie, Inc. | 463,177 | 50,125,015 | ||||||
Amgen, Inc. | 86,294 | 21,470,810 | ||||||
Gilead Sciences, Inc. | 301,836 | 19,507,661 | ||||||
|
| |||||||
| Total Biotechnology |
| 91,103,486 | ||||||
| Building Products – 0.1% |
| |||||||
Carrier Global Corp. | 32,879 | 1,388,151 | ||||||
Fortune Brands Home & Security, Inc. | 5,497 | 526,723 | ||||||
Masco Corp. | 9,554 | 572,285 | ||||||
|
| |||||||
| Total Building Products |
| 2,487,159 | ||||||
| Capital Markets – 4.2% |
| |||||||
Ameriprise Financial, Inc. | 15,045 | 3,497,210 | ||||||
Bank of New York Mellon Corp. (The) | 147,885 | 6,993,482 | ||||||
BlackRock, Inc. | 25,791 | 19,445,382 | ||||||
Blackstone Group, Inc. (The) Class A | 125,753 | 9,372,371 | ||||||
Charles Schwab Corp. (The) | 144,825 | 9,439,694 | ||||||
CME Group, Inc. | 34,688 | 7,084,330 | ||||||
FactSet Research Systems, Inc. | 1,412 | 435,729 | ||||||
Goldman Sachs Group, Inc. (The) | 39,330 | 12,860,910 | ||||||
Intercontinental Exchange, Inc. | 35,393 | 3,952,690 | ||||||
KKR & Co., Inc. Class A | 47,916 | 2,340,697 | ||||||
MarketAxess Holdings, Inc. | 1,289 | 641,819 | ||||||
Moody’s Corp. | 13,190 | 3,938,666 | ||||||
Morgan Stanley | 217,605 | 16,899,204 | ||||||
MSCI, Inc. | 3,898 | 1,634,353 | ||||||
Nasdaq, Inc. | 18,408 | 2,714,444 | ||||||
Northern Trust Corp. | 33,335 | 3,503,842 | ||||||
Raymond James Financial, Inc. | 8,900 | 1,090,784 | ||||||
S&P Global, Inc. | 15,778 | 5,567,583 | ||||||
T. Rowe Price Group, Inc. | 41,308 | 7,088,453 | ||||||
|
| |||||||
| Total Capital Markets |
| 118,501,643 | ||||||
| Chemicals – 1.7% |
| |||||||
Air Products & Chemicals, Inc. | 24,633 | 6,930,248 | ||||||
Albemarle Corp. | 4,369 | 638,355 | ||||||
Celanese Corp. | 13,819 | 2,070,224 | ||||||
Corteva, Inc. | 60,857 | 2,837,153 | ||||||
Dow, Inc. | 209,956 | 13,424,587 | ||||||
DuPont de Nemours, Inc. | 74,622 | 5,766,788 | ||||||
Eastman Chemical Co. | 16,025 | 1,764,673 | ||||||
Ecolab, Inc. | 14,146 | 3,028,234 | ||||||
FMC Corp. | 8,171 | 903,794 | ||||||
International Flavors & Fragrances, Inc. | 16,267 | 2,271,036 | ||||||
PPG Industries, Inc. | 20,878 | 3,137,128 | ||||||
RPM International, Inc. | 15,209 | 1,396,947 | ||||||
Sherwin-Williams Co. (The) | 5,780 | 4,265,698 | ||||||
|
| |||||||
| Total Chemicals |
| 48,434,865 | ||||||
| Commercial Services & Supplies – 0.5% |
| |||||||
Cintas Corp. | 7,676 | 2,619,896 | ||||||
Republic Services, Inc. | 46,681 | 4,637,757 | ||||||
Rollins, Inc. | 16,189 | 557,225 | ||||||
Waste Management, Inc. | 44,845 | 5,785,902 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 13,600,780 | ||||||
| Communications Equipment – 1.5% |
| |||||||
Cisco Systems, Inc. | 738,505 | 38,188,094 | ||||||
Motorola Solutions, Inc. | 15,852 | 2,980,969 | ||||||
Ubiquiti, Inc. | 1,055 | 314,706 | ||||||
|
| |||||||
| Total Communications Equipment |
| 41,483,769 | ||||||
| Construction Materials – 0.1% |
| |||||||
Martin Marietta Materials, Inc. | 2,955 | 992,348 | ||||||
Vulcan Materials Co. | 7,039 | 1,187,831 | ||||||
|
| |||||||
| Total Construction Materials |
| 2,180,179 | ||||||
| Consumer Finance – 0.6% |
| |||||||
American Express Co. | 63,653 | 9,003,080 | ||||||
Discover Financial Services | 35,842 | 3,404,632 | ||||||
Synchrony Financial | 92,911 | 3,777,761 | ||||||
|
| |||||||
| Total Consumer Finance |
| 16,185,473 | ||||||
| Containers & Packaging – 0.4% |
| |||||||
Avery Dennison Corp. | 9,290 | 1,706,108 | ||||||
Ball Corp. | 17,640 | 1,494,814 | ||||||
International Paper Co. | 93,744 | 5,068,738 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
March 31, 2021
| Investments | Shares | Value | ||||||
Packaging Corp. of America | 15,727 | $ | 2,114,967 | |||||
|
| |||||||
| Total Containers & Packaging |
| 10,384,627 | ||||||
| Distributors – 0.1% |
| |||||||
Genuine Parts Co. | 26,766 | 3,093,882 | ||||||
Pool Corp. | 1,470 | 507,503 | ||||||
|
| |||||||
| Total Distributors |
| 3,601,385 | ||||||
| Diversified Telecommunication Services – 5.8% |
| |||||||
AT&T, Inc. | 2,541,397 | 76,928,087 | ||||||
Lumen Technologies, Inc. | 549,033 | 7,329,591 | ||||||
Verizon Communications, Inc. | 1,372,397 | 79,804,885 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 164,062,563 | ||||||
| Electric Utilities – 3.9% |
| |||||||
Alliant Energy Corp. | 53,595 | 2,902,705 | ||||||
American Electric Power Co., Inc. | 91,577 | 7,756,572 | ||||||
Avangrid, Inc. | 70,444 | 3,508,816 | ||||||
Duke Energy Corp. | 168,524 | 16,267,622 | ||||||
Edison International | 77,816 | 4,560,018 | ||||||
Entergy Corp. | 40,572 | 4,035,697 | ||||||
Evergy, Inc. | 44,487 | 2,648,311 | ||||||
Eversource Energy | 48,789 | 4,224,639 | ||||||
Exelon Corp. | 199,183 | 8,712,264 | ||||||
FirstEnergy Corp. | 145,981 | 5,064,081 | ||||||
NextEra Energy, Inc. | 299,685 | 22,659,183 | ||||||
PPL Corp. | 232,852 | 6,715,452 | ||||||
Southern Co. (The) | 243,155 | 15,114,515 | ||||||
Xcel Energy, Inc. | 107,246 | 7,132,931 | ||||||
|
| |||||||
| Total Electric Utilities |
| 111,302,806 | ||||||
| Electrical Equipment – 0.4% |
| |||||||
AMETEK, Inc. | 8,844 | 1,129,644 | ||||||
Emerson Electric Co. | 81,457 | 7,349,051 | ||||||
Rockwell Automation, Inc. | 15,807 | 4,195,810 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 12,674,505 | ||||||
| Electronic Equipment, Instruments & Components – 0.3% |
| |||||||
Amphenol Corp. Class A | 42,559 | 2,807,617 | ||||||
CDW Corp. | 9,545 | 1,582,084 | ||||||
Corning, Inc. | 107,913 | 4,695,295 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 9,084,996 | ||||||
| Energy Equipment & Services – 0.1% |
| |||||||
Baker Hughes Co. | 111,321 | 2,405,647 | ||||||
Halliburton Co. | 56,020 | 1,202,189 | ||||||
|
| |||||||
| Total Energy Equipment & Services |
| 3,607,836 | ||||||
| Entertainment – 0.2% |
| |||||||
Activision Blizzard, Inc. | 33,287 | 3,095,691 | ||||||
Electronic Arts, Inc. | 9,752 | 1,320,128 | ||||||
|
| |||||||
| Total Entertainment |
| 4,415,819 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 3.9% |
| |||||||
Alexandria Real Estate Equities, Inc. | 25,058 | 4,117,029 | ||||||
American Tower Corp. | 48,324 | 11,552,335 | ||||||
AvalonBay Communities, Inc. | 27,547 | 5,082,697 | ||||||
Boston Properties, Inc. | 29,961 | 3,033,851 | ||||||
Crown Castle International Corp. | 79,373 | 13,662,475 | ||||||
Digital Realty Trust, Inc. | 49,394 | 6,956,651 | ||||||
Duke Realty Corp. | 46,146 | 1,934,902 | ||||||
Equinix, Inc. | 7,732 | 5,254,590 | ||||||
Equity Residential | 76,760 | 5,498,319 | ||||||
Essex Property Trust, Inc. | 10,763 | 2,925,814 | ||||||
Extra Space Storage, Inc. | 31,320 | 4,151,466 | ||||||
Healthpeak Properties, Inc. | 143,933 | 4,568,433 | ||||||
Invitation Homes, Inc. | 57,534 | 1,840,513 | ||||||
Mid-America Apartment Communities, Inc. | 21,348 | 3,081,797 | ||||||
Prologis, Inc. | 95,702 | 10,144,412 | ||||||
Public Storage | 49,698 | 12,263,479 | ||||||
Realty Income Corp. | 82,693 | 5,251,006 | ||||||
SBA Communications Corp. | 4,871 | 1,351,946 | ||||||
Sun Communities, Inc. | 11,094 | 1,664,544 | ||||||
VICI Properties, Inc.(a) | 137,052 | 3,870,348 | ||||||
Weyerhaeuser Co. | 76,764 | 2,732,798 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 110,939,405 | ||||||
| Food & Staples Retailing – 2.1% |
| |||||||
Costco Wholesale Corp. | 26,448 | 9,322,391 | ||||||
Kroger Co. (The) | 140,606 | 5,060,410 | ||||||
Walmart, Inc. | 334,992 | 45,501,963 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 59,884,764 | ||||||
| Food Products – 2.3% |
| |||||||
Archer-Daniels-Midland Co. | 91,170 | 5,196,690 | ||||||
Campbell Soup Co. | 66,053 | 3,320,484 | ||||||
Conagra Brands, Inc. | 86,960 | 3,269,696 | ||||||
General Mills, Inc. | 163,765 | 10,042,070 | ||||||
Hershey Co. (The) | 23,728 | 3,752,821 | ||||||
Hormel Foods Corp. | 65,333 | 3,121,611 | ||||||
J.M. Smucker Co. (The) | 26,197 | 3,314,706 | ||||||
Kellogg Co. | 96,690 | 6,120,477 | ||||||
Kraft Heinz Co. (The) | 314,085 | 12,563,400 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 27,539 | 2,455,377 | ||||||
Mondelez International, Inc. Class A | 172,006 | 10,067,511 | ||||||
Tyson Foods, Inc. Class A | 40,697 | 3,023,787 | ||||||
|
| |||||||
| Total Food Products |
| 66,248,630 | ||||||
| Gas Utilities – 0.1% |
| |||||||
Atmos Energy Corp. | 14,295 | 1,413,061 | ||||||
| Health Care Equipment & Supplies – 1.3% |
| |||||||
Abbott Laboratories | 129,750 | 15,549,240 | ||||||
Baxter International, Inc. | 36,918 | 3,113,664 | ||||||
Becton, Dickinson and Co. | 20,705 | 5,034,421 | ||||||
Danaher Corp. | 13,380 | 3,011,570 | ||||||
ResMed, Inc. | 10,108 | 1,961,154 | ||||||
Stryker Corp. | 20,975 | 5,109,091 | ||||||
Teleflex, Inc. | 1,103 | 458,252 | ||||||
West Pharmaceutical Services, Inc. | 660 | 185,975 | ||||||
Zimmer Biomet Holdings, Inc. | 9,143 | 1,463,612 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 35,886,979 | ||||||
| Health Care Providers & Services – 2.7% |
| |||||||
AmerisourceBergen Corp. | 22,225 | 2,624,106 | ||||||
See Notes to Financial Statements.
| 34 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
March 31, 2021
| Investments | Shares | Value | ||||||
Anthem, Inc. | 16,850 | $ | 6,048,307 | |||||
Cardinal Health, Inc. | 58,517 | 3,554,908 | ||||||
Cigna Corp. | 1 | 242 | ||||||
CVS Health Corp. | 198,941 | 14,966,331 | ||||||
Humana, Inc. | 5,178 | 2,170,877 | ||||||
McKesson Corp. | 9,758 | 1,903,200 | ||||||
Quest Diagnostics, Inc. | 17,912 | 2,298,826 | ||||||
UnitedHealth Group, Inc. | 111,816 | 41,603,379 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 75,170,176 | ||||||
| Health Care Technology – 0.1% |
| |||||||
Cerner Corp. | 21,240 | 1,526,731 | ||||||
| Hotels, Restaurants & Leisure – 1.4% |
| |||||||
Domino’s Pizza, Inc. | 2,860 | 1,051,879 | ||||||
McDonald’s Corp. | 100,007 | 22,415,569 | ||||||
MGM Resorts International | 9,413 | 357,600 | ||||||
Starbucks Corp. | 112,014 | 12,239,770 | ||||||
Yum! Brands, Inc. | 41,339 | 4,472,053 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 40,536,871 | ||||||
| Household Durables – 0.2% |
| |||||||
D.R. Horton, Inc. | 25,933 | 2,311,149 | ||||||
Lennar Corp. Class A | 19,369 | 1,960,724 | ||||||
PulteGroup, Inc. | 10,020 | 525,449 | ||||||
Whirlpool Corp. | 7,656 | 1,686,999 | ||||||
|
| |||||||
| Total Household Durables |
| 6,484,321 | ||||||
| Household Products – 3.2% |
| |||||||
Church & Dwight Co., Inc. | 17,574 | 1,535,089 | ||||||
Clorox Co. (The) | 21,756 | 4,196,297 | ||||||
Colgate-Palmolive Co. | 139,498 | 10,996,627 | ||||||
Kimberly-Clark Corp. | 83,710 | 11,639,876 | ||||||
Procter & Gamble Co. (The) | 457,709 | 61,987,530 | ||||||
|
| |||||||
| Total Household Products |
| 90,355,419 | ||||||
| Independent Power & Renewable Electricity Producers – 0.1% |
| |||||||
AES Corp. (The) | 84,060 | 2,253,649 | ||||||
| Industrial Conglomerates – 1.7% |
| |||||||
3M Co. | 154,425 | 29,754,609 | ||||||
General Electric Co. | 177,359 | 2,328,723 | ||||||
Honeywell International, Inc. | 66,182 | 14,366,127 | ||||||
Roper Technologies, Inc. | �� | 3,615 | 1,458,074 | |||||
|
| |||||||
| Total Industrial Conglomerates |
| 47,907,533 | ||||||
| Insurance – 1.7% |
| |||||||
Aflac, Inc. | 104,457 | 5,346,109 | ||||||
Allstate Corp. (The) | 48,923 | 5,621,253 | ||||||
Arthur J. Gallagher & Co. | 22,317 | 2,784,492 | ||||||
Brown & Brown, Inc. | 12,954 | 592,127 | ||||||
Cincinnati Financial Corp. | 22,520 | 2,321,587 | ||||||
Hartford Financial Services Group, Inc. (The) | 51,064 | 3,410,564 | ||||||
Marsh & McLennan Cos., Inc. | 65,575 | 7,987,035 | ||||||
MetLife, Inc. | 192,905 | 11,726,695 | ||||||
Progressive Corp. (The) | 22,567 | 2,157,631 | ||||||
Travelers Cos., Inc. (The) | 35,954 | 5,407,482 | ||||||
W.R. Berkley Corp. | 3,061 | 230,646 | ||||||
|
| |||||||
| Total Insurance |
| 47,585,621 | ||||||
| Internet & Direct Marketing Retail – 0.2% |
| |||||||
eBay, Inc. | 74,008 | 4,532,250 | ||||||
| IT Services – 2.9% |
| |||||||
Automatic Data Processing, Inc. | 50,555 | 9,528,101 | ||||||
Broadridge Financial Solutions, Inc. | 12,919 | 1,977,899 | ||||||
Cognizant Technology Solutions Corp. Class A | 35,280 | 2,756,074 | ||||||
Fidelity National Information Services, Inc. | 33,189 | 4,666,705 | ||||||
Global Payments, Inc. | 7,832 | 1,578,774 | ||||||
International Business Machines Corp. | 248,800 | 33,155,088 | ||||||
Jack Henry & Associates, Inc. | 2,858 | 433,616 | ||||||
MasterCard, Inc. Class A | 26,563 | 9,457,756 | ||||||
Paychex, Inc. | 54,599 | 5,351,794 | ||||||
Visa, Inc. Class A(a) | 57,314 | 12,135,093 | ||||||
|
| |||||||
| Total IT Services |
| 81,040,900 | ||||||
| Leisure Products – 0.1% |
| |||||||
Hasbro, Inc. | 19,553 | 1,879,434 | ||||||
| Life Sciences Tools & Services – 0.2% |
| |||||||
Agilent Technologies, Inc. | 18,277 | 2,323,738 | ||||||
Bio-Techne Corp. | 439 | 167,667 | ||||||
Thermo Fisher Scientific, Inc. | 6,379 | 2,911,248 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 5,402,653 | ||||||
| Machinery – 2.1% |
| |||||||
Caterpillar, Inc. | 68,114 | 15,793,593 | ||||||
Cummins, Inc. | 20,700 | 5,363,577 | ||||||
Deere & Co. | 20,896 | 7,818,029 | ||||||
Dover Corp. | 20,975 | 2,876,302 | ||||||
Fortive Corp. | 8,956 | 632,652 | ||||||
Graco, Inc. | 9,678 | 693,138 | ||||||
IDEX Corp. | 2,851 | 596,771 | ||||||
Illinois Tool Works, Inc. | 55,441 | 12,281,290 | ||||||
Nordson Corp. | 1,095 | 217,555 | ||||||
Otis Worldwide Corp. | 39,438 | 2,699,531 | ||||||
PACCAR, Inc. | 30,713 | 2,853,852 | ||||||
Parker-Hannifin Corp. | 9,774 | 3,083,013 | ||||||
Stanley Black & Decker, Inc. | 15,142 | 3,023,403 | ||||||
Westinghouse Air Brake Technologies Corp. | 7,523 | 595,521 | ||||||
Xylem, Inc. | 7,499 | 788,745 | ||||||
|
| |||||||
| Total Machinery |
| 59,316,972 | ||||||
| Media – 1.2% |
| |||||||
Cable One, Inc. | 35 | 63,993 | ||||||
Comcast Corp. Class A | 445,334 | 24,097,023 | ||||||
Fox Corp. Class A | 40,601 | 1,466,102 | ||||||
Omnicom Group, Inc. | 42,620 | 3,160,273 | ||||||
Sirius XM Holdings, Inc.(a) | 187,292 | 1,140,608 | ||||||
ViacomCBS, Inc. Class B | 92,772 | 4,184,017 | ||||||
|
| |||||||
| Total Media |
| 34,112,016 | ||||||
| Metals & Mining – 0.4% |
| |||||||
Newmont Corp. | 112,064 | 6,754,097 | ||||||
Nucor Corp. | 48,432 | 3,887,637 | ||||||
|
| |||||||
| Total Metals & Mining |
| 10,641,734 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
March 31, 2021
| Investments | Shares | Value | ||||||
| Multi-Utilities – 1.7% |
| |||||||
Ameren Corp. | 36,774 | $ | 2,991,933 | |||||
CenterPoint Energy, Inc. | 68,075 | 1,541,899 | ||||||
CMS Energy Corp. | 58,464 | 3,579,166 | ||||||
Consolidated Edison, Inc. | 71,085 | 5,317,158 | ||||||
Dominion Energy, Inc. | 150,055 | 11,398,178 | ||||||
DTE Energy Co. | 37,681 | 5,016,848 | ||||||
Public Service Enterprise Group, Inc. | 98,258 | 5,916,114 | ||||||
Sempra Energy | 48,367 | 6,412,497 | ||||||
WEC Energy Group, Inc. | 66,378 | 6,212,317 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 48,386,110 | ||||||
| Multiline Retail – 0.6% |
| |||||||
Dollar General Corp. | 15,129 | 3,065,438 | ||||||
Target Corp. | 64,696 | 12,814,337 | ||||||
|
| |||||||
| Total Multiline Retail |
| 15,879,775 | ||||||
| Oil, Gas & Consumable Fuels – 0.3% |
| |||||||
EOG Resources, Inc. | 82,090 | 5,953,988 | ||||||
Pioneer Natural Resources Co. | 14,452 | 2,295,266 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 8,249,254 | ||||||
| Personal Products – 0.1% |
| |||||||
Estee Lauder Cos., Inc. (The) Class A | 9,389 | 2,730,791 | ||||||
| Pharmaceuticals – 7.9% |
| |||||||
Bristol-Myers Squibb Co. | 361,699 | 22,834,058 | ||||||
Eli Lilly & Co. | 95,977 | 17,930,423 | ||||||
Johnson & Johnson | 554,565 | 91,142,758 | ||||||
Merck & Co., Inc. | 630,940 | 48,639,165 | ||||||
Pfizer, Inc. | 1,103,526 | 39,980,747 | ||||||
Zoetis, Inc. | 14,340 | 2,258,263 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 222,785,414 | ||||||
| Professional Services – 0.2% |
| |||||||
Booz Allen Hamilton Holding Corp. | 12,694 | 1,022,248 | ||||||
Equifax, Inc. | 6,752 | 1,222,990 | ||||||
Jacobs Engineering Group, Inc. | 2,848 | 368,161 | ||||||
Leidos Holdings, Inc. | 7,291 | 701,977 | ||||||
TransUnion | 4,497 | 404,730 | ||||||
Verisk Analytics, Inc. | 7,868 | 1,390,197 | ||||||
|
| |||||||
| Total Professional Services |
| 5,110,303 | ||||||
| Road & Rail – 1.0% |
| |||||||
CSX Corp. | 49,897 | 4,811,069 | ||||||
JB Hunt Transport Services, Inc. | 2,470 | 415,133 | ||||||
Kansas City Southern | 5,582 | 1,473,201 | ||||||
Norfolk Southern Corp. | 22,830 | 6,130,311 | ||||||
Old Dominion Freight Line, Inc. | 3,014 | 724,596 | ||||||
Union Pacific Corp. | 70,048 | 15,439,280 | ||||||
|
| |||||||
| Total Road & Rail |
| 28,993,590 | ||||||
| Semiconductors & Semiconductor Equipment – 5.6% |
| |||||||
Analog Devices, Inc. | 36,490 | 5,658,869 | ||||||
Applied Materials, Inc. | 51,579 | 6,890,954 | ||||||
Broadcom, Inc. | 69,775 | 32,351,877 | ||||||
Entegris, Inc. | 917 | 102,521 | ||||||
Intel Corp. | 575,269 | 36,817,216 | ||||||
KLA Corp. | 18,280 | 6,039,712 | ||||||
Lam Research Corp. | 8,676 | 5,164,302 | ||||||
Microchip Technology, Inc. | 16,460 | 2,554,921 | ||||||
Monolithic Power Systems, Inc. | 777 | 274,444 | ||||||
NVIDIA Corp. | 4,566 | 2,437,924 | ||||||
QUALCOMM, Inc. | 164,926 | 21,867,538 | ||||||
Skyworks Solutions, Inc. | 14,524 | 2,664,864 | ||||||
Teradyne, Inc. | 2,421 | 294,587 | ||||||
Texas Instruments, Inc. | 184,959 | 34,955,402 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 158,075,131 | ||||||
| Software – 6.4% |
| |||||||
Citrix Systems, Inc. | 9,058 | 1,271,381 | ||||||
Intuit, Inc. | 9,807 | 3,756,669 | ||||||
Microsoft Corp. | 634,353 | 149,561,407 | ||||||
Oracle Corp. | 377,456 | 26,486,087 | ||||||
SS&C Technologies Holdings, Inc. | 12,603 | 880,572 | ||||||
|
| |||||||
| Total Software |
| 181,956,116 | ||||||
| Specialty Retail – 3.2% |
| |||||||
Best Buy Co., Inc. | 43,852 | 5,034,648 | ||||||
Home Depot, Inc. (The) | 194,399 | 59,340,295 | ||||||
Lowe’s Cos., Inc. | 87,565 | 16,653,112 | ||||||
TJX Cos., Inc. (The) | 96,587 | 6,389,230 | ||||||
Tractor Supply Co. | 8,925 | 1,580,439 | ||||||
|
| |||||||
| Total Specialty Retail |
| 88,997,724 | ||||||
| Technology Hardware, Storage & Peripherals – 4.3% |
| |||||||
Apple, Inc. | 914,182 | 111,667,331 | ||||||
HP, Inc. | 256,842 | 8,154,734 | ||||||
NetApp, Inc. | 32,629 | 2,371,149 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 122,193,214 | ||||||
| Textiles, Apparel & Luxury Goods – 0.4% |
| |||||||
NIKE, Inc. Class B | 55,522 | 7,378,319 | ||||||
VF Corp. | 49,725 | 3,974,022 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 11,352,341 | ||||||
| Tobacco – 4.3% |
| |||||||
Altria Group, Inc. | 1,183,021 | 60,523,354 | ||||||
Philip Morris International, Inc. | 700,456 | 62,158,466 | ||||||
|
| |||||||
| Total Tobacco |
| 122,681,820 | ||||||
| Trading Companies & Distributors – 0.2% |
| |||||||
Fastenal Co. | 88,068 | 4,428,059 | ||||||
W.W. Grainger, Inc. | 6,119 | 2,453,291 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 6,881,350 | ||||||
| Water Utilities – 0.1% |
| |||||||
American Water Works Co., Inc. | 20,657 | 3,096,897 | ||||||
TOTAL COMMON STOCKS (Cost: $2,008,846,155) |
| 2,812,056,508 | ||||||
| EXCHANGE-TRADED FUND – 0.2% |
| |||||||
| United States – 0.2% |
| |||||||
| WisdomTree U.S. Total Dividend Fund(a)(b) (Cost: $5,955,573) | 55,444 | 6,267,390 | ||||||
See Notes to Financial Statements.
| 36 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
March 31, 2021
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% |
| |||||||
| United States – 0.2% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $3,987,988) | 3,987,988 | $ | 3,987,988 | |||||
TOTAL INVESTMENTS IN SECURITIES – 100.0% (Cost: $2,018,789,716) |
| 2,822,311,886 | ||||||
Other Assets less Liabilities – 0.0% |
| 1,155,438 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 2,823,467,324 | |||||
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $18,313,810 and the total market value of the collateral held by the Fund was $18,796,982. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,808,994. |
| (b) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/ (Loss) | Change in Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree U.S. Total Dividend Fund | $ | 5,486,081 | $ | 28,079,291 | $ | 28,383,373 | $ | (823,412 | ) | $ | 1,908,803 | $ | 6,267,390 | $ | 126,618 | |||||||||||||
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 2,812,056,508 | $ | — | $ | — | $ | 2,812,056,508 | ||||||||
Exchange-Traded Fund | 6,267,390 | — | — | 6,267,390 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 3,987,988 | — | 3,987,988 | ||||||||||||
Total Investments in Securities | $ | 2,818,323,898 | $ | 3,987,988 | $ | — | $ | 2,822,311,886 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 37 |
Table of Contents
Schedule of Investments
WisdomTree U.S. LargeCap Fund (EPS)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% |
| |||||||
| United States – 99.7% |
| |||||||
| Aerospace & Defense – 1.5% |
| |||||||
General Dynamics Corp. | 9,022 | $ | 1,638,034 | |||||
HEICO Corp. | 927 | 116,617 | ||||||
Howmet Aerospace, Inc. | 8,986 | 288,720 | ||||||
L3Harris Technologies, Inc. | 3,950 | 800,586 | ||||||
Lockheed Martin Corp. | 7,547 | 2,788,616 | ||||||
Northrop Grumman Corp. | 4,915 | 1,590,691 | ||||||
Teledyne Technologies, Inc.* | 415 | 171,665 | ||||||
TransDigm Group, Inc.* | 488 | 286,905 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 7,681,834 | ||||||
| Air Freight & Logistics – 0.8% | ||||||||
C.H. Robinson Worldwide, Inc. | 2,297 | 219,203 | ||||||
Expeditors International of Washington, Inc. | 2,970 | 319,839 | ||||||
FedEx Corp. | 3,035 | 862,061 | ||||||
United Parcel Service, Inc. Class B | 15,760 | 2,679,043 | ||||||
XPO Logistics, Inc.* | 373 | 45,991 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 4,126,137 | ||||||
| Auto Components – 0.1% | ||||||||
BorgWarner, Inc. | 5,638 | 261,378 | ||||||
Gentex Corp. | 3,427 | 122,241 | ||||||
Lear Corp. | 460 | 83,375 | ||||||
|
| |||||||
| Total Auto Components |
| 466,994 | ||||||
| Automobiles – 0.5% | ||||||||
General Motors Co. | 41,395 | 2,378,557 | ||||||
| Banks – 6.7% | ||||||||
Bank of America Corp. | 239,099 | 9,250,740 | ||||||
Citigroup, Inc. | 76,256 | 5,547,624 | ||||||
Fifth Third Bancorp | 11,128 | 416,744 | ||||||
First Republic Bank | 2,455 | 409,371 | ||||||
JPMorgan Chase & Co. | 83,221 | 12,668,733 | ||||||
M&T Bank Corp. | 3,973 | 602,347 | ||||||
Regions Financial Corp. | 12,786 | 264,159 | ||||||
SVB Financial Group* | 1,125 | 555,367 | ||||||
Truist Financial Corp. | 37,053 | 2,160,931 | ||||||
U.S. Bancorp | 40,343 | 2,231,371 | ||||||
|
| |||||||
| Total Banks |
| 34,107,387 | ||||||
| Beverages – 1.8% | ||||||||
Boston Beer Co., Inc. (The) Class A* | 72 | 86,852 | ||||||
Brown-Forman Corp. Class B | 4,612 | 318,090 | ||||||
Coca-Cola Co. (The) | 65,383 | 3,446,338 | ||||||
Constellation Brands, Inc. Class A | 1,935 | 441,180 | ||||||
Keurig Dr. Pepper, Inc. | 19,418 | 667,397 | ||||||
Molson Coors Beverage Co. Class B | 7,669 | 392,269 | ||||||
Monster Beverage Corp.* | 6,115 | 557,015 | ||||||
PepsiCo, Inc. | 22,414 | 3,170,460 | ||||||
|
| |||||||
| Total Beverages |
| 9,079,601 | ||||||
| Biotechnology – 3.0% | ||||||||
AbbVie, Inc. | 35,359 | 3,826,551 | ||||||
Alexion Pharmaceuticals, Inc.* | 7,298 | 1,115,937 | ||||||
Amgen, Inc. | 13,338 | 3,318,628 | ||||||
Biogen, Inc.* | 7,000 | 1,958,250 | ||||||
Gilead Sciences, Inc. | 39,153 | 2,530,459 | ||||||
Neurocrine Biosciences, Inc.* | 1,081 | 105,127 | ||||||
Regeneron Pharmaceuticals, Inc.* | 2,367 | 1,119,922 | ||||||
Seagen, Inc.* | 808 | 112,199 | ||||||
Vertex Pharmaceuticals, Inc.* | 4,839 | 1,039,853 | ||||||
|
| |||||||
| Total Biotechnology |
| 15,126,926 | ||||||
| Building Products – 0.4% | ||||||||
A.O. Smith Corp. | 2,304 | 155,773 | ||||||
Carrier Global Corp. | 21,616 | 912,628 | ||||||
Fortune Brands Home & Security, Inc. | 2,782 | 266,571 | ||||||
Lennox International, Inc. | 488 | 152,056 | ||||||
Masco Corp. | 5,720 | 342,628 | ||||||
Owens Corning | 3,055 | 281,335 | ||||||
Trex Co., Inc.* | 844 | 77,260 | ||||||
|
| |||||||
| Total Building Products |
| 2,188,251 | ||||||
| Capital Markets – 4.3% | ||||||||
Ameriprise Financial, Inc. | 3,101 | 720,828 | ||||||
Bank of New York Mellon Corp. (The) | 39,391 | 1,862,800 | ||||||
BlackRock, Inc. | 2,849 | 2,148,032 | ||||||
CBOE Global Markets, Inc. | 1,499 | 147,936 | ||||||
Charles Schwab Corp. (The) | 22,469 | 1,464,530 | ||||||
CME Group, Inc. | 4,487 | 916,380 | ||||||
FactSet Research Systems, Inc. | 291 | 89,800 | ||||||
Franklin Resources, Inc. | 15,900 | 470,640 | ||||||
Goldman Sachs Group, Inc. (The) | 11,336 | 3,706,872 | ||||||
Intercontinental Exchange, Inc. | 7,746 | 865,073 | ||||||
MarketAxess Holdings, Inc. | 211 | 105,061 | ||||||
Moody’s Corp. | 2,576 | 769,219 | ||||||
Morgan Stanley | 62,596 | 4,861,205 | ||||||
Morningstar, Inc. | 190 | 42,758 | ||||||
MSCI, Inc. | 466 | 195,385 | ||||||
Nasdaq, Inc. | 2,594 | 382,511 | ||||||
Northern Trust Corp. | 5,257 | 552,563 | ||||||
Raymond James Financial, Inc. | 3,287 | 402,855 | ||||||
S&P Global, Inc. | 3,297 | 1,163,412 | ||||||
SEI Investments Co. | 2,390 | 145,623 | ||||||
T. Rowe Price Group, Inc. | 5,512 | 945,859 | ||||||
|
| |||||||
| Total Capital Markets |
| 21,959,342 | ||||||
| Chemicals – 1.3% | ||||||||
Air Products & Chemicals, Inc. | 2,910 | 818,699 | ||||||
Albemarle Corp. | 1,091 | 159,406 | ||||||
Celanese Corp. | 2,240 | 335,574 | ||||||
CF Industries Holdings, Inc. | 2,836 | 128,698 | ||||||
Corteva, Inc. | 8,867 | 413,380 | ||||||
Dow, Inc. | 16,316 | 1,043,245 | ||||||
DuPont de Nemours, Inc. | 3,765 | 290,959 | ||||||
Eastman Chemical Co. | 3,234 | 356,128 | ||||||
Ecolab, Inc. | 2,474 | 529,609 | ||||||
FMC Corp. | 2,778 | 307,275 | ||||||
International Flavors & Fragrances, Inc. | 1,504 | 209,974 | ||||||
PPG Industries, Inc. | 3,553 | 533,874 | ||||||
RPM International, Inc. | 2,098 | 192,701 | ||||||
See Notes to Financial Statements.
| 38 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Fund (EPS)
March 31, 2021
| Investments | Shares | Value | ||||||
Scotts Miracle-Gro Co. (The) | 852 | $ | 208,714 | |||||
Sherwin-Williams Co. (The) | 1,195 | 881,922 | ||||||
Westlake Chemical Corp. | 1,072 | 95,183 | ||||||
|
| |||||||
| Total Chemicals |
| 6,505,341 | ||||||
| Commercial Services & Supplies – 0.4% | ||||||||
Cintas Corp. | 1,106 | 377,489 | ||||||
Copart, Inc.* | 2,378 | 258,275 | ||||||
IAA, Inc.* | 1,116 | 61,536 | ||||||
Republic Services, Inc. | 4,768 | 473,701 | ||||||
Rollins, Inc. | 3,553 | 122,294 | ||||||
Waste Management, Inc. | 5,918 | 763,540 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 2,056,835 | ||||||
| Communications Equipment – 1.4% | ||||||||
Arista Networks, Inc.* | 1,292 | 390,042 | ||||||
Cisco Systems, Inc. | 110,768 | 5,727,813 | ||||||
F5 Networks, Inc.* | 1,083 | 225,935 | ||||||
Motorola Solutions, Inc. | 2,764 | 519,770 | ||||||
Ubiquiti, Inc. | 962 | 286,965 | ||||||
|
| |||||||
| Total Communications Equipment |
| 7,150,525 | ||||||
| Construction & Engineering – 0.1% | ||||||||
AECOM* | 2,863 | 183,547 | ||||||
Quanta Services, Inc. | 2,165 | 190,477 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 374,024 | ||||||
| Construction Materials – 0.1% | ||||||||
Martin Marietta Materials, Inc. | 940 | 315,671 | ||||||
Vulcan Materials Co. | 1,828 | 308,475 | ||||||
|
| |||||||
| Total Construction Materials |
| 624,146 | ||||||
| Consumer Finance – 0.5% | ||||||||
American Express Co. | 11,636 | 1,645,796 | ||||||
Discover Financial Services | 4,585 | 435,529 | ||||||
Synchrony Financial | 15,936 | 647,958 | ||||||
|
| |||||||
| Total Consumer Finance |
| 2,729,283 | ||||||
| Containers & Packaging – 0.4% | ||||||||
AptarGroup, Inc. | 697 | 98,744 | ||||||
Avery Dennison Corp. | 1,548 | 284,290 | ||||||
Ball Corp. | 3,599 | 304,979 | ||||||
Crown Holdings, Inc. | 2,350 | 228,044 | ||||||
International Paper Co. | 9,406 | 508,582 | ||||||
Packaging Corp. of America | 1,866 | 250,940 | ||||||
WestRock Co. | 6,769 | 352,327 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 2,027,906 | ||||||
| Distributors – 0.1% | ||||||||
Genuine Parts Co. | 2,857 | 330,240 | ||||||
LKQ Corp.* | 7,457 | 315,655 | ||||||
Pool Corp. | 411 | 141,894 | ||||||
|
| |||||||
| Total Distributors |
| 787,789 | ||||||
| Diversified Consumer Services – 0.1% |
| |||||||
Bright Horizons Family Solutions, Inc.* | 415 | 71,152 | ||||||
Service Corp. International | 3,693 | 188,527 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 259,679 | ||||||
| Diversified Financial Services – 1.9% | ||||||||
Berkshire Hathaway, Inc. Class B* | 39,053 | 9,976,870 | ||||||
| Diversified Telecommunication Services – 2.7% |
| |||||||
AT&T, Inc. | 170,616 | 5,164,546 | ||||||
Lumen Technologies, Inc. | 50,718 | 677,085 | ||||||
Verizon Communications, Inc. | 134,883 | 7,843,447 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 13,685,078 | ||||||
| Electric Utilities – 1.7% | ||||||||
Alliant Energy Corp. | 4,181 | 226,443 | ||||||
American Electric Power Co., Inc. | 7,660 | 648,802 | ||||||
Avangrid, Inc. | 4,436 | 220,957 | ||||||
Duke Energy Corp. | 7,194 | 694,437 | ||||||
Entergy Corp. | 3,415 | 339,690 | ||||||
Evergy, Inc. | 4,542 | 270,385 | ||||||
Eversource Energy | 5,759 | 498,672 | ||||||
Exelon Corp. | 23,124 | 1,011,444 | ||||||
FirstEnergy Corp. | 15,075 | 522,952 | ||||||
NextEra Energy, Inc. | 19,187 | 1,450,729 | ||||||
NRG Energy, Inc. | 8,102 | 305,688 | ||||||
Pinnacle West Capital Corp. | 2,183 | 177,587 | ||||||
PPL Corp. | 24,609 | 709,724 | ||||||
Southern Co. (The) | 20,544 | 1,277,015 | ||||||
Xcel Energy, Inc. | 7,952 | 528,887 | ||||||
|
| |||||||
| Total Electric Utilities |
| 8,883,412 | ||||||
| Electrical Equipment – 0.4% | ||||||||
AMETEK, Inc. | 2,556 | 326,478 | ||||||
Emerson Electric Co. | 10,874 | 981,052 | ||||||
Generac Holdings, Inc.* | 554 | 181,407 | ||||||
Hubbell, Inc. | 983 | 183,713 | ||||||
Rockwell Automation, Inc. | 1,368 | 363,122 | ||||||
Sunrun, Inc.*(a) | 1,026 | 62,053 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 2,097,825 | ||||||
| Electronic Equipment, Instruments & Components – 0.6% |
| |||||||
Amphenol Corp. Class A | 8,159 | 538,249 | ||||||
CDW Corp. | 2,825 | 468,244 | ||||||
Cognex Corp. | 1,451 | 120,418 | ||||||
Corning, Inc. | 8,895 | 387,021 | ||||||
IPG Photonics Corp.* | 557 | 117,494 | ||||||
Keysight Technologies, Inc.* | 2,009 | 288,091 | ||||||
SYNNEX Corp. | 4,059 | 466,135 | ||||||
Trimble, Inc.* | 2,848 | 221,546 | ||||||
Zebra Technologies Corp. Class A* | 748 | 362,915 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 2,970,113 | ||||||
| Energy Equipment & Services – 0.2% | ||||||||
Baker Hughes Co. | 25,541 | 551,941 | ||||||
Halliburton Co. | 15,638 | 335,591 | ||||||
|
| |||||||
| Total Energy Equipment & Services |
| 887,532 | ||||||
| Entertainment – 0.9% | ||||||||
Activision Blizzard, Inc. | 10,510 | 977,430 | ||||||
Electronic Arts, Inc. | 4,322 | 585,069 | ||||||
Netflix, Inc.* | 2,351 | 1,226,423 | ||||||
Take-Two Interactive Software, Inc.* | 1,092 | 192,956 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Fund (EPS)
March 31, 2021
| Investments | Shares | Value | ||||||
Walt Disney Co. (The)* | 7,975 | $ | 1,471,547 | |||||
|
| |||||||
| Total Entertainment |
| 4,453,425 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 1.5% |
| |||||||
Alexandria Real Estate Equities, Inc. | 737 | 121,089 | ||||||
American Homes 4 Rent Class A | 1,438 | 47,943 | ||||||
American Tower Corp. | 4,202 | 1,004,530 | ||||||
Americold Realty Trust | 1,247 | 47,972 | ||||||
AvalonBay Communities, Inc. | 1,463 | 269,938 | ||||||
Boston Properties, Inc. | 1,534 | 155,333 | ||||||
Camden Property Trust | 677 | 74,409 | ||||||
Crown Castle International Corp. | 2,377 | 409,153 | ||||||
Duke Realty Corp. | 3,932 | 164,869 | ||||||
Equinix, Inc. | 449 | 305,136 | ||||||
Equity LifeStyle Properties, Inc. | 1,499 | 95,396 | ||||||
Equity Residential | 2,868 | 205,435 | ||||||
Essex Property Trust, Inc. | 568 | 154,405 | ||||||
Extra Space Storage, Inc. | 1,648 | 218,442 | ||||||
Gaming and Leisure Properties, Inc. | 4,664 | 197,894 | ||||||
Healthpeak Properties, Inc. | 2,526 | 80,175 | ||||||
Invitation Homes, Inc. | 2,673 | 85,509 | ||||||
Iron Mountain, Inc. | 3,867 | 143,118 | ||||||
Medical Properties Trust, Inc. | 9,541 | 203,032 | ||||||
Mid-America Apartment Communities, Inc. | 875 | 126,315 | ||||||
Omega Healthcare Investors, Inc. | 2,883 | 105,604 | ||||||
Prologis, Inc. | 8,892 | 942,552 | ||||||
Public Storage | 2,351 | 580,133 | ||||||
Realty Income Corp. | 3,291 | 208,979 | ||||||
SBA Communications Corp. | 566 | 157,093 | ||||||
Simon Property Group, Inc. | 7,740 | 880,580 | ||||||
STORE Capital Corp. | 2,829 | 94,772 | ||||||
Sun Communities, Inc. | 511 | 76,670 | ||||||
UDR, Inc. | 1,520 | 66,667 | ||||||
VICI Properties, Inc.(a) | 8,503 | 240,125 | ||||||
W.P. Carey, Inc. | 1,887 | 133,524 | ||||||
Weyerhaeuser Co. | 7,456 | 265,434 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 7,862,226 | ||||||
| Food & Staples Retailing – 1.8% | ||||||||
Albertsons Cos., Inc. Class A(a) | 22,184 | 423,049 | ||||||
Costco Wholesale Corp. | 5,076 | 1,789,188 | ||||||
Kroger Co. (The) | 32,592 | 1,172,986 | ||||||
Walmart, Inc. | 42,907 | 5,828,058 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 9,213,281 | ||||||
| Food Products – 1.9% | ||||||||
Archer-Daniels-Midland Co. | 15,123 | 862,011 | ||||||
Campbell Soup Co. | 6,289 | 316,148 | ||||||
Conagra Brands, Inc. | 13,949 | 524,482 | ||||||
Darling Ingredients, Inc.* | 3,355 | 246,861 | ||||||
General Mills, Inc. | 16,643 | 1,020,549 | ||||||
Hershey Co. (The) | 3,687 | 583,136 | ||||||
Hormel Foods Corp. | 8,155 | 389,646 | ||||||
J.M. Smucker Co. (The) | 3,442 | 435,516 | ||||||
Kellogg Co. | 9,198 | 582,233 | ||||||
Kraft Heinz Co. (The) | 43,324 | 1,732,960 | ||||||
Lamb Weston Holdings, Inc. | 1,811 | 140,316 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 3,374 | 300,826 | ||||||
Mondelez International, Inc. Class A | 26,499 | 1,550,987 | ||||||
Tyson Foods, Inc. Class A | 12,614 | 937,220 | ||||||
|
| |||||||
| Total Food Products |
| 9,622,891 | ||||||
| Gas Utilities – 0.0% | ||||||||
Atmos Energy Corp. | 2,430 | 240,205 | ||||||
| Health Care Equipment & Supplies – 1.7% | ||||||||
Abbott Laboratories | 14,380 | 1,723,299 | ||||||
ABIOMED, Inc.* | 334 | 106,456 | ||||||
Align Technology, Inc.* | 405 | 219,320 | ||||||
Baxter International, Inc. | 7,615 | 642,249 | ||||||
Becton, Dickinson and Co. | 2,799 | 680,577 | ||||||
Boston Scientific Corp.* | 10,857 | 419,623 | ||||||
Cooper Cos., Inc. (The) | 418 | 160,550 | ||||||
Danaher Corp. | 5,008 | 1,127,201 | ||||||
Dentsply Sirona, Inc. | 1,490 | 95,077 | ||||||
DexCom, Inc.* | 434 | 155,975 | ||||||
Edwards Lifesciences Corp.* | 5,876 | 491,469 | ||||||
Hologic, Inc.* | 4,678 | 347,950 | ||||||
IDEXX Laboratories, Inc.* | 505 | 247,101 | ||||||
Insulet Corp.* | 338 | 88,191 | ||||||
Intuitive Surgical, Inc.* | 593 | 438,191 | ||||||
Masimo Corp.* | 336 | 77,166 | ||||||
Quidel Corp.* | 786 | 100,553 | ||||||
ResMed, Inc. | 1,328 | 257,658 | ||||||
Stryker Corp. | 3,407 | 829,877 | ||||||
Teleflex, Inc. | 381 | 158,290 | ||||||
West Pharmaceutical Services, Inc. | 500 | 140,890 | ||||||
Zimmer Biomet Holdings, Inc. | 1,562 | 250,045 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 8,757,708 | ||||||
| Health Care Providers & Services – 5.1% | ||||||||
Amedisys, Inc.* | 227 | 60,107 | ||||||
AmerisourceBergen Corp. | 5,979 | 705,941 | ||||||
Anthem, Inc. | 7,758 | 2,784,734 | ||||||
Cardinal Health, Inc. | 8,972 | 545,049 | ||||||
Chemed Corp. | 194 | 89,205 | ||||||
Cigna Corp. | 11,565 | 2,795,723 | ||||||
CVS Health Corp. | 48,317 | 3,634,888 | ||||||
DaVita, Inc.* | 3,541 | 381,614 | ||||||
Encompass Health Corp. | 1,351 | 110,647 | ||||||
HCA Healthcare, Inc. | 9,978 | 1,879,257 | ||||||
Henry Schein, Inc.* | 2,737 | 189,510 | ||||||
Humana, Inc. | 4,263 | 1,787,263 | ||||||
Laboratory Corp. of America Holdings* | 2,638 | 672,769 | ||||||
McKesson Corp. | 6,886 | 1,343,045 | ||||||
Molina Healthcare, Inc.* | 1,740 | 406,742 | ||||||
Quest Diagnostics, Inc. | 3,522 | 452,014 | ||||||
UnitedHealth Group, Inc. | 21,762 | 8,096,987 | ||||||
Universal Health Services, Inc. Class B | 2,857 | 381,095 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 26,316,590 | ||||||
| Health Care Technology – 0.1% | ||||||||
Cerner Corp. | 3,445 | 247,626 | ||||||
See Notes to Financial Statements.
| 40 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Fund (EPS)
March 31, 2021
| Investments | Shares | Value | ||||||
Veeva Systems, Inc. Class A* | 728 | $ | 190,183 | |||||
|
| |||||||
| Total Health Care Technology |
| 437,809 | ||||||
| Hotels, Restaurants & Leisure – 0.9% | ||||||||
Booking Holdings, Inc.* | 271 | 631,387 | ||||||
Chipotle Mexican Grill, Inc.* | 141 | 200,335 | ||||||
Domino’s Pizza, Inc. | 466 | 171,390 | ||||||
Marriott International, Inc. Class A | 1,693 | 250,750 | ||||||
McDonald’s Corp. | 10,214 | 2,289,366 | ||||||
Starbucks Corp. | 5,945 | 649,610 | ||||||
Vail Resorts, Inc. | 262 | 76,415 | ||||||
Yum! Brands, Inc. | 3,765 | 407,298 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 4,676,551 | ||||||
| Household Durables – 0.8% | ||||||||
D.R. Horton, Inc. | 13,344 | 1,189,217 | ||||||
Lennar Corp. Class A | 13,616 | 1,378,348 | ||||||
Newell Brands, Inc. | 9,428 | 252,482 | ||||||
NVR, Inc.* | 85 | 400,429 | ||||||
PulteGroup, Inc. | 12,381 | 649,259 | ||||||
Whirlpool Corp. | 2,099 | 462,515 | ||||||
|
| |||||||
| Total Household Durables |
| 4,332,250 | ||||||
| Household Products – 1.7% | ||||||||
Church & Dwight Co., Inc. | 3,298 | 288,080 | ||||||
Clorox Co. (The) | 2,263 | 436,488 | ||||||
Colgate-Palmolive Co. | 14,046 | 1,107,246 | ||||||
Kimberly-Clark Corp. | 8,168 | 1,135,761 | ||||||
Procter & Gamble Co. (The) | 43,524 | 5,894,455 | ||||||
|
| |||||||
| Total Household Products |
| 8,862,030 | ||||||
| Independent Power & Renewable Electricity Producers – 0.2% |
| |||||||
AES Corp. (The) | 16,080 | 431,105 | ||||||
Vistra Corp. | 22,475 | 397,358 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 828,463 | ||||||
| Industrial Conglomerates – 1.0% | ||||||||
3M Co. | 11,181 | 2,154,355 | ||||||
Carlisle Cos., Inc. | 960 | 157,997 | ||||||
Honeywell International, Inc. | 11,174 | 2,425,540 | ||||||
Roper Technologies, Inc. | 1,013 | 408,583 | ||||||
|
| |||||||
| Total Industrial Conglomerates |
| 5,146,475 | ||||||
| Insurance – 2.6% | ||||||||
Aflac, Inc. | 26,816 | 1,372,443 | ||||||
Alleghany Corp.* | 72 | 45,093 | ||||||
Allstate Corp. (The) | 13,627 | 1,565,742 | ||||||
American Financial Group, Inc. | 1,030 | 117,523 | ||||||
Arthur J. Gallagher & Co. | 1,955 | 243,925 | ||||||
Assurant, Inc. | 1,090 | 154,529 | ||||||
Brown & Brown, Inc. | 2,961 | 135,347 | ||||||
Cincinnati Financial Corp. | 4,741 | 488,750 | ||||||
CNA Financial Corp. | 5,733 | 255,864 | ||||||
Erie Indemnity Co. Class A | 234 | 51,693 | ||||||
Fidelity National Financial, Inc. | 9,343 | 379,886 | ||||||
Globe Life, Inc. | 2,391 | 231,042 | ||||||
Hartford Financial Services Group, Inc. (The) | 15,651 | 1,045,330 | ||||||
Markel Corp.* | 82 | 93,449 | ||||||
Marsh & McLennan Cos., Inc. | 7,580 | 923,244 | ||||||
MetLife, Inc. | 40,474 | 2,460,415 | ||||||
Progressive Corp. (The) | 23,482 | 2,245,114 | ||||||
Reinsurance Group of America, Inc. | 1,372 | 172,941 | ||||||
Travelers Cos., Inc. (The) | 6,967 | 1,047,837 | ||||||
W.R. Berkley Corp. | 1,391 | 104,812 | ||||||
|
| |||||||
| Total Insurance |
| 13,134,979 | ||||||
| Interactive Media & Services – 5.6% | ||||||||
Alphabet, Inc. Class A* | 8,364 | 17,250,917 | ||||||
Facebook, Inc. Class A* | 38,744 | 11,411,271 | ||||||
|
| |||||||
| Total Interactive Media & Services |
| 28,662,188 | ||||||
| Internet & Direct Marketing Retail – 1.8% | ||||||||
Amazon.com, Inc.* | 2,592 | 8,019,855 | ||||||
eBay, Inc. | 18,450 | 1,129,878 | ||||||
Etsy, Inc.* | 620 | 125,036 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 9,274,769 | ||||||
| IT Services – 3.9% | ||||||||
Akamai Technologies, Inc.* | 2,883 | 293,778 | ||||||
Automatic Data Processing, Inc. | 6,509 | 1,226,751 | ||||||
Black Knight, Inc.* | 1,606 | 118,828 | ||||||
Broadridge Financial Solutions, Inc. | 1,803 | 276,039 | ||||||
Cognizant Technology Solutions Corp. Class A | 11,671 | 911,739 | ||||||
EPAM Systems, Inc.* | 537 | 213,023 | ||||||
Fidelity National Information Services, Inc. | 3,117 | 438,281 | ||||||
Fiserv, Inc.* | 4,323 | 514,610 | ||||||
FleetCor Technologies, Inc.* | 1,306 | 350,831 | ||||||
Gartner, Inc.* | 1,118 | 204,091 | ||||||
Global Payments, Inc. | 2,121 | 427,551 | ||||||
GoDaddy, Inc. Class A* | 1,591 | 123,493 | ||||||
International Business Machines Corp. | 24,584 | 3,276,064 | ||||||
Jack Henry & Associates, Inc. | 1,104 | 167,499 | ||||||
MasterCard, Inc. Class A | 8,929 | 3,179,170 | ||||||
Paychex, Inc. | 5,298 | 519,310 | ||||||
PayPal Holdings, Inc.* | 5,976 | 1,451,212 | ||||||
Square, Inc. Class A* | 1,867 | 423,902 | ||||||
VeriSign, Inc.* | 1,447 | 287,606 | ||||||
Visa, Inc. Class A | 23,024 | 4,874,871 | ||||||
Western Union Co. (The) | 15,469 | 381,466 | ||||||
WEX, Inc.* | 520 | 108,794 | ||||||
|
| |||||||
| Total IT Services |
| 19,768,909 | ||||||
| Leisure Products – 0.1% | ||||||||
Hasbro, Inc. | 1,975 | 189,837 | ||||||
Peloton Interactive, Inc. Class A* | 1,247 | 140,213 | ||||||
|
| |||||||
| Total Leisure Products |
| 330,050 | ||||||
| Life Sciences Tools & Services – 0.8% |
| |||||||
Agilent Technologies, Inc. | 3,097 | 393,753 | ||||||
Avantor, Inc.* | 2,869 | 83,000 | ||||||
Bio-Rad Laboratories, Inc. Class A* | 163 | 93,101 | ||||||
Bio-Techne Corp. | 193 | 73,712 | ||||||
Bruker Corp. | 1,126 | 72,379 | ||||||
Charles River Laboratories International, Inc.* | 455 | 131,873 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 41 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Fund (EPS)
March 31, 2021
| Investments | Shares | Value | ||||||
Illumina, Inc.* | 784 | $ | 301,103 | |||||
IQVIA Holdings, Inc.* | 950 | 183,483 | ||||||
Mettler-Toledo International, Inc.* | 222 | 256,563 | ||||||
PerkinElmer, Inc. | 1,405 | 180,247 | ||||||
PPD, Inc.* | 1,681 | 63,609 | ||||||
Repligen Corp.* | 255 | 49,575 | ||||||
Thermo Fisher Scientific, Inc. | 4,804 | 2,192,450 | ||||||
Waters Corp.* | 936 | 265,983 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 4,340,831 | ||||||
| Machinery – 2.0% | ||||||||
Caterpillar, Inc. | 9,540 | 2,212,040 | ||||||
Cummins, Inc. | 3,150 | 816,196 | ||||||
Deere & Co. | 4,913 | 1,838,150 | ||||||
Dover Corp. | 2,319 | 318,004 | ||||||
Fortive Corp. | 4,360 | 307,990 | ||||||
Graco, Inc. | 1,845 | 132,139 | ||||||
IDEX Corp. | 932 | 195,086 | ||||||
Illinois Tool Works, Inc. | 4,383 | 970,922 | ||||||
Ingersoll Rand, Inc.* | 2,039 | 100,339 | ||||||
Middleby Corp. (The)* | 770 | 127,628 | ||||||
Nordson Corp. | 645 | 128,149 | ||||||
Otis Worldwide Corp. | 6,799 | 465,392 | ||||||
PACCAR, Inc. | 6,927 | 643,657 | ||||||
Parker-Hannifin Corp. | 2,011 | 634,330 | ||||||
Snap-on, Inc. | 1,439 | 332,035 | ||||||
Stanley Black & Decker, Inc. | 2,386 | 476,413 | ||||||
Toro Co. (The) | 1,310 | 135,113 | ||||||
Westinghouse Air Brake Technologies Corp. | 2,549 | 201,779 | ||||||
Xylem, Inc. | 1,790 | 188,272 | ||||||
|
| |||||||
| Total Machinery |
| 10,223,634 | ||||||
| Media – 2.3% | ||||||||
Altice USA, Inc. Class A* | 5,446 | 177,158 | ||||||
Cable One, Inc. | 46 | 84,104 | ||||||
Charter Communications, Inc. Class A* | 1,868 | 1,152,593 | ||||||
Comcast Corp. Class A | 86,920 | 4,703,241 | ||||||
Discovery, Inc. Class A*(a) | 22,806 | 991,149 | ||||||
DISH Network Corp. Class A* | 13,423 | 485,913 | ||||||
Fox Corp. Class A | 26,089 | 942,074 | ||||||
Interpublic Group of Cos., Inc. (The) | 11,424 | 333,581 | ||||||
Liberty Broadband Corp. Class C* | 985 | 147,898 | ||||||
News Corp. Class A | 14,946 | 380,077 | ||||||
Omnicom Group, Inc. | 7,643 | 566,728 | ||||||
Sirius XM Holdings, Inc.(a) | 71,743 | 436,915 | ||||||
ViacomCBS, Inc. Class B | 27,971 | 1,261,492 | ||||||
|
| |||||||
| Total Media |
| 11,662,923 | ||||||
| Metals & Mining – 0.6% |
| |||||||
Freeport-McMoRan, Inc.* | 7,625 | 251,091 | ||||||
Newmont Corp. | 19,339 | 1,165,561 | ||||||
Nucor Corp. | 5,781 | 464,041 | ||||||
Southern Copper Corp. | 10,819 | 734,286 | ||||||
Steel Dynamics, Inc. | 5,338 | 270,957 | ||||||
|
| |||||||
| Total Metals & Mining |
| 2,885,936 | ||||||
| Multi-Utilities – 0.9% | ||||||||
Ameren Corp. | 4,328 | 352,126 | ||||||
CMS Energy Corp. | 4,865 | 297,835 | ||||||
Consolidated Edison, Inc. | 6,455 | 482,834 | ||||||
Dominion Energy, Inc. | 13,997 | 1,063,212 | ||||||
DTE Energy Co. | 4,140 | 551,200 | ||||||
NiSource, Inc. | 9,464 | 228,177 | ||||||
Public Service Enterprise Group, Inc. | 10,525 | 633,710 | ||||||
Sempra Energy | 5,385 | 713,943 | ||||||
WEC Energy Group, Inc. | 5,086 | 475,999 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 4,799,036 | ||||||
| Multiline Retail – 0.7% | ||||||||
Dollar General Corp. | 4,828 | 978,249 | ||||||
Dollar Tree, Inc.* | 5,261 | 602,174 | ||||||
Target Corp. | 10,249 | 2,030,020 | ||||||
|
| |||||||
| Total Multiline Retail |
| 3,610,443 | ||||||
| Oil, Gas & Consumable Fuels – 1.0% | ||||||||
EOG Resources, Inc. | 11,715 | 849,689 | ||||||
Exxon Mobil Corp. | 34,125 | 1,905,199 | ||||||
Kinder Morgan, Inc. | 40,187 | 669,114 | ||||||
ONEOK, Inc. | 10,779 | 546,064 | ||||||
Pioneer Natural Resources Co. | 2,031 | 322,563 | ||||||
Williams Cos., Inc. (The) | 26,844 | 635,934 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 4,928,563 | ||||||
| Personal Products – 0.1% | ||||||||
Estee Lauder Cos., Inc. (The) Class A | 2,528 | 735,269 | ||||||
| Pharmaceuticals – 4.0% | ||||||||
Bristol-Myers Squibb Co. | 15,305 | 966,204 | ||||||
Catalent, Inc.* | 1,016 | 106,995 | ||||||
Eli Lilly & Co. | 12,564 | 2,347,206 | ||||||
Johnson & Johnson | 48,371 | 7,949,774 | ||||||
Merck & Co., Inc. | 60,197 | 4,640,587 | ||||||
Pfizer, Inc. | 103,309 | 3,742,885 | ||||||
Zoetis, Inc. | 4,741 | 746,613 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 20,500,264 | ||||||
| Professional Services – 0.3% | ||||||||
Booz Allen Hamilton Holding Corp. | 2,903 | 233,778 | ||||||
CoStar Group, Inc.* | 215 | 176,706 | ||||||
Equifax, Inc. | 690 | 124,980 | ||||||
Jacobs Engineering Group, Inc. | 2,807 | 362,861 | ||||||
Leidos Holdings, Inc. | 2,879 | 277,190 | ||||||
TransUnion | 1,459 | 131,310 | ||||||
Verisk Analytics, Inc. | 1,472 | 260,088 | ||||||
|
| |||||||
| Total Professional Services |
| 1,566,913 | ||||||
| Real Estate Management & Development – 0.1% |
| |||||||
CBRE Group, Inc. Class A* | 6,220 | 492,064 | ||||||
| Road & Rail – 1.2% | ||||||||
AMERCO | 342 | 209,509 | ||||||
CSX Corp. | 13,131 | 1,266,091 | ||||||
JB Hunt Transport Services, Inc. | 1,549 | 260,340 | ||||||
Kansas City Southern | 1,469 | 387,699 | ||||||
See Notes to Financial Statements.
| 42 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Fund (EPS)
March 31, 2021
| Investments | Shares | Value | ||||||
Norfolk Southern Corp. | 4,186 | $ | 1,124,025 | |||||
Old Dominion Freight Line, Inc. | 1,354 | 325,515 | ||||||
Union Pacific Corp. | 11,209 | 2,470,576 | ||||||
|
| |||||||
| Total Road & Rail |
| 6,043,755 | ||||||
| Semiconductors & Semiconductor Equipment – 5.8% |
| |||||||
Advanced Micro Devices, Inc.* | 6,127 | 480,970 | ||||||
Analog Devices, Inc. | 4,272 | 662,502 | ||||||
Applied Materials, Inc. | 16,537 | 2,209,343 | ||||||
Broadcom, Inc. | 2,034 | 943,084 | ||||||
Enphase Energy, Inc.* | 758 | 122,917 | ||||||
Entegris, Inc. | 1,733 | 193,749 | ||||||
First Solar, Inc.* | 2,570 | 224,361 | ||||||
Intel Corp. | 181,642 | 11,625,088 | ||||||
KLA Corp. | 2,705 | 893,732 | ||||||
Lam Research Corp. | 2,500 | 1,488,100 | ||||||
Maxim Integrated Products, Inc. | 4,256 | 388,871 | ||||||
Microchip Technology, Inc. | 1,413 | 219,326 | ||||||
Micron Technology, Inc.* | 17,533 | 1,546,586 | ||||||
MKS Instruments, Inc. | 1,208 | 223,987 | ||||||
Monolithic Power Systems, Inc. | 374 | 132,101 | ||||||
NVIDIA Corp. | 3,364 | 1,796,141 | ||||||
ON Semiconductor Corp.* | 3,921 | 163,153 | ||||||
Qorvo, Inc.* | 1,489 | 272,040 | ||||||
QUALCOMM, Inc. | 16,030 | 2,125,418 | ||||||
Skyworks Solutions, Inc. | 2,969 | 544,752 | ||||||
Teradyne, Inc. | 3,146 | 382,805 | ||||||
Texas Instruments, Inc. | 12,934 | 2,444,397 | ||||||
Universal Display Corp. | 387 | 91,630 | ||||||
Xilinx, Inc. | 2,447 | 303,183 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 29,478,236 | ||||||
| Software – 7.1% | ||||||||
Adobe, Inc.* | 3,566 | 1,695,169 | ||||||
ANSYS, Inc.* | 613 | 208,150 | ||||||
Aspen Technology, Inc.* | 1,041 | 150,248 | ||||||
Autodesk, Inc.* | 1,095 | 303,479 | ||||||
Cadence Design Systems, Inc.* | 2,364 | 323,844 | ||||||
Ceridian HCM Holding, Inc.* | 722 | 60,843 | ||||||
Citrix Systems, Inc. | 2,358 | 330,969 | ||||||
Dynatrace, Inc.* | 2,021 | 97,493 | ||||||
Fair Isaac Corp.* | 307 | 149,217 | ||||||
Fortinet, Inc.* | 1,690 | 311,670 | ||||||
Intuit, Inc. | 2,396 | 917,812 | ||||||
Microsoft Corp. | 93,087 | 21,947,122 | ||||||
NortonLifeLock, Inc. | 15,557 | 330,742 | ||||||
Nuance Communications, Inc.* | 1,570 | 68,515 | ||||||
Oracle Corp. | 79,866 | 5,604,197 | ||||||
Paycom Software, Inc.* | 301 | 111,388 | ||||||
Paylocity Holding Corp.* | 382 | 68,695 | ||||||
PTC, Inc.* | 886 | 121,958 | ||||||
salesforce.com, Inc.* | 5,060 | 1,072,062 | ||||||
ServiceNow, Inc.* | 971 | 485,607 | ||||||
SS&C Technologies Holdings, Inc. | 3,902 | 272,633 | ||||||
Synopsys, Inc.* | 1,034 | 256,204 | ||||||
Trade Desk, Inc. (The) Class A* | 203 | 132,287 | ||||||
Tyler Technologies, Inc.* | 247 | 104,859 | ||||||
VMware, Inc. Class A* | 4,797 | 721,709 | ||||||
Zoom Video Communications, Inc. Class A* | 1,172 | 376,552 | ||||||
|
| |||||||
| Total Software |
| 36,223,424 | ||||||
| Specialty Retail – 2.8% | ||||||||
Advance Auto Parts, Inc. | 1,394 | 255,785 | ||||||
AutoZone, Inc.* | 664 | 932,455 | ||||||
Best Buy Co., Inc. | 6,776 | 777,953 | ||||||
CarMax, Inc.* | 3,089 | 409,787 | ||||||
Five Below, Inc.* | 274 | 52,276 | ||||||
Floor & Decor Holdings, Inc. Class A* | 761 | 72,660 | ||||||
Home Depot, Inc. (The) | 20,237 | 6,177,344 | ||||||
L Brands, Inc. | 2,788 | 172,466 | ||||||
Lithia Motors, Inc. Class A | 522 | 203,627 | ||||||
Lowe’s Cos., Inc. | 17,022 | 3,237,244 | ||||||
O’Reilly Automotive, Inc.* | 1,589 | 806,020 | ||||||
RH* | 220 | 131,252 | ||||||
TJX Cos., Inc. (The) | 6,168 | 408,013 | ||||||
Tractor Supply Co. | 2,289 | 405,336 | ||||||
Ulta Beauty, Inc.* | 506 | 156,440 | ||||||
Williams-Sonoma, Inc. | 1,653 | 296,218 | ||||||
|
| |||||||
| Total Specialty Retail |
| 14,494,876 | ||||||
| Technology Hardware, Storage & Peripherals – 4.9% |
| |||||||
Apple, Inc. | 186,197 | 22,743,964 | ||||||
HP, Inc. | 59,599 | 1,892,268 | ||||||
NetApp, Inc. | 6,331 | 460,074 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 25,096,306 | ||||||
| Textiles, Apparel & Luxury Goods – 0.3% | ||||||||
NIKE, Inc. Class B | 8,882 | 1,180,329 | ||||||
Tapestry, Inc. | 4,427 | 182,437 | ||||||
VF Corp. | 2,176 | 173,906 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 1,536,672 | ||||||
| Tobacco – 1.5% | ||||||||
Altria Group, Inc. | 76,215 | 3,899,159 | ||||||
Philip Morris International, Inc. | 40,223 | 3,569,389 | ||||||
|
| |||||||
| Total Tobacco |
| 7,468,548 | ||||||
| Trading Companies & Distributors – 0.3% | ||||||||
Fastenal Co. | 7,275 | 365,787 | ||||||
United Rentals, Inc.* | 1,657 | 545,667 | ||||||
W.W. Grainger, Inc. | 932 | 373,667 | ||||||
Watsco, Inc. | 459 | 119,684 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 1,404,805 | ||||||
| Water Utilities – 0.1% | ||||||||
American Water Works Co., Inc. | 1,856 | 278,252 | ||||||
Essential Utilities, Inc. | 1,991 | 89,097 | ||||||
|
| |||||||
| Total Water Utilities |
| 367,349 | ||||||
| Wireless Telecommunication Services – 0.3% |
| |||||||
| T-Mobile U.S., Inc.* | 11,968 | 1,499,471 | ||||||
| TOTAL COMMON STOCKS (Cost: $401,046,755) | 509,411,504 | |||||||
See Notes to Financial Statements.
| WisdomTree Trust | 43 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. LargeCap Fund (EPS)
March 31, 2021
| Investments | Shares | Value | ||||||
| EXCHANGE-TRADED FUND – 0.1% | ||||||||
| United States – 0.1% | ||||||||
| WisdomTree U.S. High Dividend Fund(b) (Cost: $484,987) | 8,239 | $ | 628,636 | |||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% |
| |||||||
| United States – 0.2% | ||||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $796,784) | 796,784 | 796,784 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.0% (Cost: $402,328,526) |
| 510,836,924 | ||||||
Other Assets less Liabilities – (0.0)% |
| (43,082 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 510,793,842 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,049,692 and the total market value of the collateral held by the Fund was $1,077,451. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $280,667. |
| (b) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree U.S. High Dividend Fund | $ | 513,645 | $ | 6,622,594 | $ | 6,873,477 | $ | 173,139 | $ | 192,735 | $ | 628,636 | $ | 68,601 | ||||||||||||||
| FAIR VALUATION SUMMARY | ||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 509,411,504 | $ | — | $ | — | $ | 509,411,504 | ||||||||
Exchange-Traded Fund | 628,636 | — | — | 628,636 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 796,784 | — | 796,784 | ||||||||||||
Total Investments in Securities | $ | 510,040,140 | $ | 796,784 | $ | — | $ | 510,836,924 | ||||||||
See Notes to Financial Statements.
| 44 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.4% |
| |||||||
| United States – 99.4% |
| |||||||
| Aerospace & Defense – 0.9% |
| |||||||
BWX Technologies, Inc. | 122,320 | $ | 8,065,781 | |||||
Curtiss-Wright Corp. | 17,570 | 2,083,802 | ||||||
Huntington Ingalls Industries, Inc. | 74,148 | 15,263,366 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 25,412,949 | ||||||
| Auto Components – 1.4% | ||||||||
BorgWarner, Inc. | 324,565 | 15,046,834 | ||||||
Gentex Corp. | 380,302 | 13,565,372 | ||||||
LCI Industries | 62,372 | 8,250,568 | ||||||
Lear Corp. | 27,309 | 4,949,756 | ||||||
|
| |||||||
| Total Auto Components |
| 41,812,530 | ||||||
| Automobiles – 0.4% | ||||||||
Harley-Davidson, Inc. | 32,567 | 1,305,937 | ||||||
Thor Industries, Inc. | 66,400 | 8,946,736 | ||||||
|
| |||||||
| Total Automobiles |
| 10,252,673 | ||||||
| Banks – 10.4% | ||||||||
Bank of Hawaii Corp.(a) | 85,068 | 7,612,735 | ||||||
Bank OZK | 219,678 | 8,973,846 | ||||||
BOK Financial Corp. | 127,798 | 11,414,917 | ||||||
Commerce Bancshares, Inc. | 118,511 | 9,079,128 | ||||||
Community Bank System, Inc. | 91,889 | 7,049,724 | ||||||
Cullen/Frost Bankers, Inc. | 126,891 | 13,800,665 | ||||||
East West Bancorp, Inc. | 194,529 | 14,356,240 | ||||||
First Citizens BancShares, Inc. Class A | 1,746 | 1,459,254 | ||||||
First Financial Bankshares, Inc. | 133,702 | 6,247,895 | ||||||
First Hawaiian, Inc. | 364,312 | 9,971,219 | ||||||
First Horizon Corp. | 1,559,679 | 26,374,172 | ||||||
Glacier Bancorp, Inc.(a) | 161,210 | 9,201,867 | ||||||
Home BancShares, Inc. | 301,491 | 8,155,332 | ||||||
Pacific Premier Bancorp, Inc. | 220,724 | 9,588,251 | ||||||
People’s United Financial, Inc. | 1,413,816 | 25,307,306 | ||||||
Pinnacle Financial Partners, Inc. | 53,594 | 4,751,644 | ||||||
Popular, Inc. | 158,124 | 11,119,280 | ||||||
Prosperity Bancshares, Inc. | 166,843 | 12,494,872 | ||||||
Signature Bank | 58,378 | 13,199,266 | ||||||
Sterling Bancorp | 89,866 | 2,068,715 | ||||||
Synovus Financial Corp. | 366,062 | 16,747,337 | ||||||
UMB Financial Corp. | 58,871 | 5,435,559 | ||||||
Umpqua Holdings Corp. | 761,558 | 13,365,343 | ||||||
United Bankshares, Inc. | 369,974 | 14,273,597 | ||||||
Valley National Bancorp(a) | 1,140,913 | 15,676,145 | ||||||
Webster Financial Corp. | 217,616 | 11,992,818 | ||||||
Western Alliance Bancorp | 103,131 | 9,739,692 | ||||||
Wintrust Financial Corp. | 37,913 | 2,873,805 | ||||||
|
| |||||||
| Total Banks |
| 302,330,624 | ||||||
| Building Products – 2.1% |
| |||||||
A.O. Smith Corp. | 267,151 | 18,062,079 | ||||||
AAON, Inc.(a) | 33,266 | 2,328,953 | ||||||
Advanced Drainage Systems, Inc. | 36,639 | 3,788,106 | ||||||
Armstrong World Industries, Inc. | 36,453 | 3,284,051 | ||||||
Lennox International, Inc. | 45,046 | 14,035,883 | ||||||
Owens Corning | 99,819 | 9,192,332 | ||||||
Simpson Manufacturing Co., Inc. | 49,510 | 5,135,672 | ||||||
UFP Industries, Inc. | 64,208 | 4,869,535 | ||||||
|
| |||||||
| Total Building Products |
| 60,696,611 | ||||||
| Capital Markets – 5.4% | ||||||||
Affiliated Managers Group, Inc. | 17,935 | 2,672,853 | ||||||
Ares Management Corp. Class A | 422,363 | 23,664,999 | ||||||
Artisan Partners Asset Management, Inc. Class A(a) | 376,656 | 19,650,144 | ||||||
CBOE Global Markets, Inc. | 125,947 | 12,429,709 | ||||||
Cohen & Steers, Inc. | 61,607 | 4,024,785 | ||||||
Evercore, Inc. Class A | 87,951 | 11,586,665 | ||||||
Franklin Resources, Inc. | 1,331,603 | 39,415,449 | ||||||
Houlihan Lokey, Inc. | 89,074 | 5,924,312 | ||||||
Interactive Brokers Group, Inc. Class A | 31,359 | 2,290,461 | ||||||
LPL Financial Holdings, Inc. | 48,497 | 6,894,334 | ||||||
Morningstar, Inc. | 17,168 | 3,863,487 | ||||||
SEI Investments Co. | 105,953 | 6,455,716 | ||||||
Stifel Financial Corp. | 83,400 | 5,342,604 | ||||||
Tradeweb Markets, Inc. Class A | 26,565 | 1,965,810 | ||||||
Virtu Financial, Inc. Class A | 302,546 | 9,394,053 | ||||||
|
| |||||||
| Total Capital Markets |
| 155,575,381 | ||||||
| Chemicals – 5.1% | ||||||||
Ashland Global Holdings, Inc. | 62,115 | 5,513,949 | ||||||
Avient Corp. | 147,788 | 6,985,939 | ||||||
Balchem Corp. | 18,065 | 2,265,532 | ||||||
CF Industries Holdings, Inc. | 463,487 | 21,033,040 | ||||||
Chemours Co. (The) | 441,476 | 12,321,595 | ||||||
Element Solutions, Inc. | 339,358 | 6,206,858 | ||||||
Huntsman Corp. | 399,609 | 11,520,727 | ||||||
Mosaic Co. (The) | 243,382 | 7,693,305 | ||||||
NewMarket Corp. | 22,275 | 8,468,064 | ||||||
Olin Corp. | 376,375 | 14,290,959 | ||||||
Quaker Chemical Corp. | 7,868 | 1,917,982 | ||||||
Scotts Miracle-Gro Co. (The) | 77,550 | 18,997,423 | ||||||
Sensient Technologies Corp. | 95,959 | 7,484,802 | ||||||
Valvoline, Inc.(a) | 283,191 | 7,382,789 | ||||||
W.R. Grace & Co. | 106,886 | 6,398,196 | ||||||
Westlake Chemical Corp. | 118,083 | 10,484,590 | ||||||
|
| |||||||
| Total Chemicals |
| 148,965,750 | ||||||
| Commercial Services & Supplies – 0.5% | ||||||||
Brink’s Co. (The) | 29,497 | 2,337,047 | ||||||
MSA Safety, Inc. | 46,455 | 6,969,179 | ||||||
Tetra Tech, Inc. | 33,779 | 4,584,486 | ||||||
UniFirst Corp. | 5,400 | 1,208,034 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 15,098,746 | ||||||
| Communications Equipment – 0.7% | ||||||||
Juniper Networks, Inc. | 855,402 | 21,667,333 | ||||||
| Construction & Engineering – 0.4% | ||||||||
EMCOR Group, Inc. | 14,168 | 1,589,083 | ||||||
Quanta Services, Inc. | 40,763 | 3,586,329 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 45 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2021
| Investments | Shares | Value | ||||||
Valmont Industries, Inc. | 25,178 | $ | 5,984,055 | |||||
|
| |||||||
| Total Construction & Engineering |
| 11,159,467 | ||||||
| Consumer Finance – 0.8% | ||||||||
OneMain Holdings, Inc. | 332,784 | 17,877,156 | ||||||
SLM Corp. | 354,936 | 6,378,200 | ||||||
|
| |||||||
| Total Consumer Finance |
| 24,255,356 | ||||||
| Containers & Packaging – 2.5% | ||||||||
AptarGroup, Inc. | 76,540 | 10,843,422 | ||||||
Graphic Packaging Holding Co. | 354,401 | 6,435,922 | ||||||
Sealed Air Corp. | 237,561 | 10,885,045 | ||||||
Silgan Holdings, Inc. | 164,939 | 6,932,386 | ||||||
Sonoco Products Co. | 300,649 | 19,031,082 | ||||||
WestRock Co. | 382,905 | 19,930,205 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 74,058,062 | ||||||
| Diversified Consumer Services – 1.2% | ||||||||
H&R Block, Inc. | 898,711 | 19,591,900 | ||||||
Service Corp. International | 315,453 | 16,103,875 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 35,695,775 | ||||||
| Diversified Financial Services – 0.5% | ||||||||
Jefferies Financial Group, Inc. | 362,405 | 10,908,391 | ||||||
Voya Financial, Inc. | 64,069 | 4,077,351 | ||||||
|
| |||||||
| Total Diversified Financial Services |
| 14,985,742 | ||||||
| Diversified Telecommunication Services – 0.4% |
| |||||||
Cogent Communications Holdings, Inc. | 166,413 | 11,442,558 | ||||||
| Electric Utilities – 4.3% | ||||||||
ALLETE, Inc. | 153,051 | 10,283,497 | ||||||
Hawaiian Electric Industries, Inc.(a) | 277,728 | 12,339,455 | ||||||
IDACORP, Inc. | 163,202 | 16,315,304 | ||||||
NRG Energy, Inc. | 627,652 | 23,681,310 | ||||||
OGE Energy Corp. | 711,645 | 23,028,832 | ||||||
Pinnacle West Capital Corp. | 333,183 | 27,104,437 | ||||||
Portland General Electric Co. | 249,242 | 11,831,518 | ||||||
|
| |||||||
| Total Electric Utilities |
| 124,584,353 | ||||||
| Electrical Equipment – 1.2% | ||||||||
Acuity Brands, Inc. | 12,006 | 1,980,990 | ||||||
EnerSys | 27,628 | 2,508,623 | ||||||
Hubbell, Inc. | 141,325 | 26,412,229 | ||||||
Regal Beloit Corp. | 32,297 | 4,608,136 | ||||||
Vertiv Holdings Co. | 13,790 | 275,800 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 35,785,778 | ||||||
| Electronic Equipment, Instruments & Components – 1.1% |
| |||||||
Avnet, Inc. | 185,357 | 7,694,169 | ||||||
Dolby Laboratories, Inc. Class A | 65,525 | 6,468,628 | ||||||
Jabil, Inc. | 92,498 | 4,824,696 | ||||||
Littelfuse, Inc. | 13,363 | 3,533,712 | ||||||
National Instruments Corp. | 243,915 | 10,533,469 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 33,054,674 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 9.1% |
| |||||||
Agree Realty Corp. | 51,589 | 3,472,456 | ||||||
American Campus Communities, Inc. | 136,187 | 5,879,193 | ||||||
American Homes 4 Rent Class A | 71,659 | 2,389,111 | ||||||
Americold Realty Trust | 125,842 | 4,841,142 | ||||||
Brixmor Property Group, Inc. | 308,860 | 6,248,238 | ||||||
Camden Property Trust | 71,079 | 7,812,293 | ||||||
CoreSite Realty Corp. | 61,401 | 7,358,910 | ||||||
Corporate Office Properties Trust | 47,729 | 1,256,705 | ||||||
Cousins Properties, Inc. | 117,718 | 4,161,331 | ||||||
CubeSmart | 271,252 | 10,261,463 | ||||||
CyrusOne, Inc. | 90,794 | 6,148,570 | ||||||
Douglas Emmett, Inc. | 151,555 | 4,758,827 | ||||||
EastGroup Properties, Inc. | 33,982 | 4,868,941 | ||||||
Equity LifeStyle Properties, Inc. | 92,337 | 5,876,327 | ||||||
First Industrial Realty Trust, Inc. | 113,797 | 5,210,765 | ||||||
Gaming and Leisure Properties, Inc. | 437,401 | 18,558,924 | ||||||
Healthcare Realty Trust, Inc. | 203,867 | 6,181,247 | ||||||
Healthcare Trust of America, Inc. Class A | 197,656 | 5,451,352 | ||||||
Highwoods Properties, Inc. | 75,323 | 3,234,370 | ||||||
Hudson Pacific Properties, Inc. | 45,399 | 1,231,675 | ||||||
Innovative Industrial Properties, Inc. | 17,670 | 3,183,427 | ||||||
Iron Mountain, Inc. | 451,267 | 16,701,392 | ||||||
JBG SMITH Properties | 33,342 | 1,059,942 | ||||||
Kilroy Realty Corp. | 90,636 | 5,948,441 | ||||||
Kimco Realty Corp. | 290,384 | 5,444,700 | ||||||
Lamar Advertising Co. Class A | 78,531 | 7,375,631 | ||||||
Lexington Realty Trust | 405,005 | 4,499,605 | ||||||
Life Storage, Inc. | 72,918 | 6,267,302 | ||||||
Medical Properties Trust, Inc. | 736,779 | 15,678,657 | ||||||
National Health Investors, Inc. | 65,639 | 4,744,387 | ||||||
National Retail Properties, Inc. | 209,695 | 9,241,259 | ||||||
Physicians Realty Trust | 252,224 | 4,456,798 | ||||||
PotlatchDeltic Corp. | 86,388 | 4,571,653 | ||||||
PS Business Parks, Inc. | 13,858 | 2,142,170 | ||||||
QTS Realty Trust, Inc. Class A | 53,495 | 3,318,830 | ||||||
Rayonier, Inc. | 77,266 | 2,491,828 | ||||||
Rexford Industrial Realty, Inc. | 83,491 | 4,207,946 | ||||||
Sabra Health Care REIT, Inc. | 299,013 | 5,190,866 | ||||||
Safehold, Inc. | 22,824 | 1,599,962 | ||||||
SL Green Realty Corp. | 65,269 | 4,568,177 | ||||||
Spirit Realty Capital, Inc. | 158,710 | 6,745,175 | ||||||
STAG Industrial, Inc. | 172,160 | 5,786,298 | ||||||
STORE Capital Corp. | 267,680 | 8,967,280 | ||||||
Terreno Realty Corp. | 58,059 | 3,354,068 | ||||||
UDR, Inc. | 255,838 | 11,221,055 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 263,968,689 | ||||||
| Food & Staples Retailing – 0.8% | ||||||||
Albertsons Cos., Inc. Class A(a) | 879,571 | 16,773,419 | ||||||
Casey’s General Stores, Inc. | 28,460 | 6,152,767 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 22,926,186 | ||||||
| Food Products – 1.9% | ||||||||
Flowers Foods, Inc. | 802,936 | 19,109,877 | ||||||
Ingredion, Inc. | 151,424 | 13,616,046 | ||||||
J&J Snack Foods Corp. | 20,148 | 3,163,841 | ||||||
Lamb Weston Holdings, Inc. | 122,791 | 9,513,847 | ||||||
See Notes to Financial Statements.
| 46 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2021
| Investments | Shares | Value | ||||||
Lancaster Colony Corp. | 33,739 | $ | 5,916,471 | |||||
Sanderson Farms, Inc. | 19,262 | 3,000,634 | ||||||
Seaboard Corp. | 183 | 675,268 | ||||||
|
| |||||||
| Total Food Products |
| 54,995,984 | ||||||
| Gas Utilities – 2.6% | ||||||||
National Fuel Gas Co. | 270,335 | 13,514,046 | ||||||
New Jersey Resources Corp. | 275,584 | 10,987,534 | ||||||
ONE Gas, Inc. | 101,013 | 7,768,910 | ||||||
Southwest Gas Holdings, Inc. | 144,186 | 9,907,020 | ||||||
Spire, Inc. | 148,582 | 10,978,724 | ||||||
UGI Corp. | 552,881 | 22,673,650 | ||||||
|
| |||||||
| Total Gas Utilities |
| 75,829,884 | ||||||
| Health Care Equipment & Supplies – 0.5% | ||||||||
CONMED Corp. | 15,950 | 2,082,911 | ||||||
Dentsply Sirona, Inc. | 116,309 | 7,421,677 | ||||||
Hill-Rom Holdings, Inc. | 43,128 | 4,764,781 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 14,269,369 | ||||||
| Health Care Providers & Services – 0.6% | ||||||||
Chemed Corp. | 4,849 | 2,229,667 | ||||||
Encompass Health Corp. | 94,008 | 7,699,255 | ||||||
Ensign Group, Inc. (The) | 19,245 | 1,805,951 | ||||||
Premier, Inc. Class A | 181,552 | 6,145,535 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 17,880,408 | ||||||
| Hotels, Restaurants & Leisure – 0.9% | ||||||||
Churchill Downs, Inc.(a) | 16,511 | 3,754,932 | ||||||
Travel + Leisure Co. | 182,121 | 11,138,520 | ||||||
Wendy’s Co. (The) | 262,977 | 5,327,914 | ||||||
Wingstop, Inc. | 2,691 | 342,215 | ||||||
Wyndham Hotels & Resorts, Inc. | 69,081 | 4,820,472 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 25,384,053 | ||||||
| Household Durables – 2.5% | ||||||||
KB Home | 112,352 | 5,227,738 | ||||||
Leggett & Platt, Inc. | 367,006 | 16,753,824 | ||||||
MDC Holdings, Inc. | 165,075 | 9,805,455 | ||||||
Newell Brands, Inc. | 1,352,247 | 36,213,175 | ||||||
Toll Brothers, Inc. | 89,480 | 5,076,200 | ||||||
|
| |||||||
| Total Household Durables |
| 73,076,392 | ||||||
| Household Products – 1.1% | ||||||||
Energizer Holdings, Inc.(a) | 136,696 | 6,487,592 | ||||||
Reynolds Consumer Products, Inc.(a) | 439,538 | 13,089,442 | ||||||
Spectrum Brands Holdings, Inc. | 73,058 | 6,209,930 | ||||||
WD-40 Co. | 15,686 | 4,802,739 | ||||||
|
| |||||||
| Total Household Products |
| 30,589,703 | ||||||
| Independent Power & Renewable Electricity Producers – 1.2% |
| |||||||
Clearway Energy, Inc. Class C(a) | 511,559 | 14,395,270 | ||||||
Ormat Technologies, Inc. | 22,882 | 1,796,924 | ||||||
Vistra Corp. | 1,026,990 | 18,157,183 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 34,349,377 | ||||||
| Industrial Conglomerates – 0.3% | ||||||||
Carlisle Cos., Inc. | 50,837 | 8,366,753 | ||||||
| Insurance – 6.8% |
| |||||||
American Financial Group, Inc. | 117,866 | 13,448,511 | ||||||
Assurant, Inc. | 69,914 | 9,911,708 | ||||||
CNA Financial Corp. | 637,726 | 28,461,711 | ||||||
CNO Financial Group, Inc. | 257,671 | 6,258,828 | ||||||
Erie Indemnity Co. Class A | 68,161 | 15,057,446 | ||||||
Fidelity National Financial, Inc. | 671,609 | 27,307,622 | ||||||
First American Financial Corp. | 238,018 | 13,483,720 | ||||||
Globe Life, Inc. | 49,413 | 4,774,778 | ||||||
Hanover Insurance Group, Inc. (The) | 73,711 | 9,542,626 | ||||||
Kemper Corp. | 89,239 | 7,114,133 | ||||||
Kinsale Capital Group, Inc. | 3,272 | 539,226 | ||||||
Old Republic International Corp. | 812,395 | 17,742,707 | ||||||
Primerica, Inc. | 41,367 | 6,114,870 | ||||||
Reinsurance Group of America, Inc. | 95,553 | 12,044,456 | ||||||
RLI Corp. | 37,957 | 4,234,862 | ||||||
Selective Insurance Group, Inc. | 57,246 | 4,152,625 | ||||||
Unum Group | 595,154 | 16,563,136 | ||||||
|
| |||||||
| Total Insurance |
| 196,752,965 | ||||||
| IT Services – 1.6% | ||||||||
Alliance Data Systems Corp. | 15,213 | 1,705,225 | ||||||
MAXIMUS, Inc. | 66,444 | 5,916,174 | ||||||
Perspecta, Inc. | 138,632 | 4,027,259 | ||||||
TTEC Holdings, Inc. | 57,260 | 5,751,767 | ||||||
Western Union Co. (The) | 1,188,057 | 29,297,486 | ||||||
|
| |||||||
| Total IT Services |
| 46,697,911 | ||||||
| Leisure Products – 1.1% | ||||||||
Acushnet Holdings Corp. | 84,043 | 3,473,497 | ||||||
Brunswick Corp. | 122,837 | 11,714,965 | ||||||
Polaris, Inc. | 116,225 | 15,516,037 | ||||||
|
| |||||||
| Total Leisure Products |
| 30,704,499 | ||||||
| Life Sciences Tools & Services – 0.1% | ||||||||
Bruker Corp. | 48,823 | 3,138,342 | ||||||
| Machinery – 5.0% | ||||||||
AGCO Corp. | �� | 56,529 | 8,120,391 | |||||
Allison Transmission Holdings, Inc. | 126,879 | 5,180,470 | ||||||
Altra Industrial Motion Corp. | 25,098 | 1,388,421 | ||||||
Crane Co. | 92,488 | 8,685,548 | ||||||
Donaldson Co., Inc. | 204,999 | 11,922,742 | ||||||
Flowserve Corp. | 197,972 | 7,683,293 | ||||||
Franklin Electric Co., Inc. | 42,439 | 3,350,135 | ||||||
Hillenbrand, Inc. | 116,654 | 5,565,562 | ||||||
ITT, Inc. | 79,475 | 7,225,072 | ||||||
John Bean Technologies Corp. | 7,741 | 1,032,185 | ||||||
Kennametal, Inc. | 123,029 | 4,917,469 | ||||||
Lincoln Electric Holdings, Inc. | 107,460 | 13,211,132 | ||||||
Oshkosh Corp. | 73,420 | 8,712,017 | ||||||
Rexnord Corp. | 106,500 | 5,015,085 | ||||||
Snap-on, Inc. | 104,890 | 24,202,319 | ||||||
Timken Co. (The) | 123,827 | 10,051,038 | ||||||
Toro Co. (The) | 125,395 | 12,933,240 | ||||||
Watts Water Technologies, Inc. Class A | 22,609 | 2,686,175 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2021
| Investments | Shares | Value | ||||||
Woodward, Inc. | 20,698 | $ | 2,496,800 | |||||
|
| |||||||
| Total Machinery |
| 144,379,094 | ||||||
| Media – 2.3% |
| |||||||
Interpublic Group of Cos., Inc. (The) | 1,181,700 | 34,505,640 | ||||||
New York Times Co. (The) Class A | 83,052 | 4,204,092 | ||||||
News Corp. Class A | 463,419 | 11,784,745 | ||||||
Nexstar Media Group, Inc. Class A | 66,417 | 9,326,940 | ||||||
TEGNA, Inc. | 299,957 | 5,648,190 | ||||||
|
| |||||||
| Total Media |
| 65,469,607 | ||||||
| Metals & Mining – 1.9% | ||||||||
Reliance Steel & Aluminum Co. | 140,116 | 21,338,266 | ||||||
Royal Gold, Inc. | 50,784 | 5,465,374 | ||||||
Steel Dynamics, Inc. | 383,139 | 19,448,136 | ||||||
United States Steel Corp. | 47,355 | 1,239,280 | ||||||
Worthington Industries, Inc. | 111,821 | 7,502,071 | ||||||
|
| |||||||
| Total Metals & Mining |
| 54,993,127 | ||||||
| Multi-Utilities – 2.4% | ||||||||
Black Hills Corp.(a) | 170,220 | 11,365,589 | ||||||
MDU Resources Group, Inc. | 733,364 | 23,181,636 | ||||||
NiSource, Inc. | 999,358 | 24,094,521 | ||||||
NorthWestern Corp. | 152,853 | 9,966,016 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 68,607,762 | ||||||
| Oil, Gas & Consumable Fuels – 3.8% | ||||||||
Antero Midstream Corp.(a) | 4,894,659 | 44,198,771 | ||||||
APA Corp. | 122,258 | 2,188,418 | ||||||
Cabot Oil & Gas Corp.(a) | 669,443 | 12,572,140 | ||||||
Cimarex Energy Co. | 165,996 | 9,858,502 | ||||||
Diamondback Energy, Inc. | 336,869 | 24,756,503 | ||||||
Marathon Oil Corp. | 945,443 | 10,097,331 | ||||||
Targa Resources Corp. | 171,985 | 5,460,524 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 109,132,189 | ||||||
| Paper & Forest Products – 0.3% | ||||||||
Louisiana-Pacific Corp. | 175,042 | 9,707,829 | ||||||
| Professional Services – 2.0% | ||||||||
CoreLogic, Inc. | 140,096 | 11,102,608 | ||||||
Exponent, Inc. | 48,049 | 4,682,375 | ||||||
Insperity, Inc. | 75,048 | 6,284,520 | ||||||
KBR, Inc. | 150,109 | 5,762,684 | ||||||
ManpowerGroup, Inc. | 104,978 | 10,382,324 | ||||||
Robert Half International, Inc. | 172,389 | 13,458,409 | ||||||
Science Applications International Corp. | 62,235 | 5,202,224 | ||||||
|
| |||||||
| Total Professional Services |
| 56,875,144 | ||||||
| Road & Rail – 0.9% | ||||||||
Knight-Swift Transportation Holdings, Inc. | 93,279 | 4,485,787 | ||||||
Landstar System, Inc. | 24,583 | 4,057,670 | ||||||
Ryder System, Inc. | 207,408 | 15,690,415 | ||||||
Werner Enterprises, Inc. | 65,657 | 3,097,041 | ||||||
|
| |||||||
| Total Road & Rail |
| 27,330,913 | ||||||
| Semiconductors & Semiconductor Equipment – 0.8% |
| |||||||
Amkor Technology, Inc. | 189,085 | 4,483,205 | ||||||
Brooks Automation, Inc. | 37,036 | 3,023,989 | ||||||
CMC Materials, Inc. | 25,315 | 4,475,439 | ||||||
MKS Instruments, Inc. | 32,056 | 5,943,824 | ||||||
Power Integrations, Inc. | 38,216 | 3,113,840 | ||||||
Universal Display Corp. | 8,578 | 2,031,013 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 23,071,310 | ||||||
| Software – 1.0% | ||||||||
CDK Global, Inc. | 101,492 | 5,486,658 | ||||||
NortonLifeLock, Inc. | 1,073,598 | 22,824,693 | ||||||
Pegasystems, Inc. | 10,337 | 1,181,933 | ||||||
|
| |||||||
| Total Software |
| 29,493,284 | ||||||
| Specialty Retail – 2.6% | ||||||||
Advance Auto Parts, Inc. | 30,354 | 5,569,656 | ||||||
Dick’s Sporting Goods, Inc.(a) | 166,921 | 12,711,034 | ||||||
Foot Locker, Inc. | 105,005 | 5,906,531 | ||||||
Lithia Motors, Inc. Class A | 12,615 | 4,920,985 | ||||||
Murphy USA, Inc. | 24,686 | 3,568,608 | ||||||
Penske Automotive Group, Inc. | 166,292 | 13,343,270 | ||||||
Williams-Sonoma, Inc. | 165,509 | 29,659,213 | ||||||
|
| |||||||
| Total Specialty Retail |
| 75,679,297 | ||||||
| Technology Hardware, Storage & Peripherals – 0.5% |
| |||||||
Xerox Holdings Corp. | 621,252 | 15,077,786 | ||||||
| Textiles, Apparel & Luxury Goods – 0.7% | ||||||||
Hanesbrands, Inc.(a) | 1,066,826 | 20,984,467 | ||||||
| Thrifts & Mortgage Finance – 2.1% | ||||||||
MGIC Investment Corp. | 396,664 | 5,493,796 | ||||||
New York Community Bancorp, Inc. | 1,845,022 | 23,284,178 | ||||||
PennyMac Financial Services, Inc.(a) | 64,310 | 4,300,410 | ||||||
Radian Group, Inc. | 296,269 | 6,888,254 | ||||||
TFS Financial Corp. | 1,055,024 | 21,490,839 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 61,457,477 | ||||||
| Trading Companies & Distributors – 2.0% | ||||||||
Air Lease Corp. | 120,558 | 5,907,342 | ||||||
Applied Industrial Technologies, Inc. | 68,118 | 6,210,318 | ||||||
GATX Corp. | 55,690 | 5,164,691 | ||||||
MSC Industrial Direct Co., Inc. Class A | 114,698 | 10,344,613 | ||||||
Watsco, Inc. | 113,139 | 29,500,994 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 57,127,958 | ||||||
| Water Utilities – 0.7% | ||||||||
American States Water Co. | 67,754 | 5,123,557 | ||||||
Essential Utilities, Inc. | 367,410 | 16,441,598 | ||||||
|
| |||||||
| Total Water Utilities |
| 21,565,155 | ||||||
TOTAL COMMON STOCKS (Cost: $2,397,321,761) |
| 2,886,717,276 | ||||||
| EXCHANGE-TRADED FUND – 0.4% | ||||||||
| United States – 0.4% | ||||||||
| WisdomTree U.S. LargeCap Dividend Fund(a)(b) (Cost: $10,991,484) | 108,310 | 12,420,991 | ||||||
See Notes to Financial Statements.
| 48 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2021
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4% |
| |||||||
| United States – 0.4% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $10,426,767) | 10,426,767 | $ | 10,426,767 | |||||
TOTAL INVESTMENTS IN SECURITIES – 100.2% (Cost: $2,418,740,012) |
| 2,909,565,034 | ||||||
Other Assets less Liabilities – (0.2)% |
| (5,070,675 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 2,904,494,359 | |||||
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $38,109,127 and the total market value of the collateral held by the Fund was $39,841,946. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $29,415,179. |
| (b) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree U.S. LargeCap Dividend Fund | $ | 8,731,483 | $ | 45,965,443 | $ | 45,053,432 | $ | 1,232,890 | $ | 1,544,607 | $ | 12,420,991 | $ | 308,467 | ||||||||||||||
| FAIR VALUATION SUMMARY | ||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 2,886,717,276 | $ | — | $ | — | $ | 2,886,717,276 | ||||||||
Exchange-Traded Fund | 12,420,991 | — | — | 12,420,991 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 10,426,767 | — | 10,426,767 | ||||||||||||
Total Investments in Securities | $ | 2,899,138,267 | $ | 10,426,767 | $ | — | $ | 2,909,565,034 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 49 |
Table of Contents
Schedule of Investments
WisdomTree U.S. MidCap Fund (EZM)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% |
| |||||||
| United States – 99.6% |
| |||||||
| Aerospace & Defense – 1.9% |
| |||||||
Aerojet Rocketdyne Holdings, Inc. | 22,938 | $ | 1,077,168 | |||||
BWX Technologies, Inc. | 31,174 | 2,055,613 | ||||||
Curtiss-Wright Corp. | 16,688 | 1,979,197 | ||||||
Hexcel Corp. | 15,648 | 876,288 | ||||||
Huntington Ingalls Industries, Inc. | 21,656 | 4,457,887 | ||||||
Kratos Defense & Security Solutions, Inc.*(a) | 11,535 | 314,675 | ||||||
Mercury Systems, Inc.* | 7,872 | 556,157 | ||||||
Moog, Inc. Class A | 14,504 | 1,206,008 | ||||||
Parsons Corp.*(a) | 17,579 | 710,895 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 13,233,888 | ||||||
| Auto Components – 0.6% | ||||||||
Dana, Inc. | 30,387 | 739,316 | ||||||
Dorman Products, Inc.* | 7,090 | 727,718 | ||||||
Fox Factory Holding Corp.* | 7,525 | 956,126 | ||||||
LCI Industries | 8,205 | 1,085,357 | ||||||
Visteon Corp.* | 3,176 | 387,313 | ||||||
|
| |||||||
| Total Auto Components |
| 3,895,830 | ||||||
| Automobiles – 0.5% | ||||||||
Harley-Davidson, Inc. | 30,493 | 1,222,769 | ||||||
Thor Industries, Inc. | 16,846 | 2,269,830 | ||||||
|
| |||||||
| Total Automobiles |
| 3,492,599 | ||||||
| Banks – 10.9% | ||||||||
Ameris Bancorp | 28,540 | 1,498,635 | ||||||
Associated Banc-Corp. | 19,709 | 420,590 | ||||||
Atlantic Union Bankshares Corp. | 14,964 | 574,019 | ||||||
BancorpSouth Bank | 33,156 | 1,076,907 | ||||||
Bank of Hawaii Corp. | 7,747 | 693,279 | ||||||
Bank OZK | 54,138 | 2,211,537 | ||||||
BankUnited, Inc. | 26,136 | 1,148,677 | ||||||
BOK Financial Corp. | 30,733 | 2,745,072 | ||||||
Cathay General Bancorp | 29,512 | 1,203,499 | ||||||
Columbia Banking System, Inc. | 11,348 | 488,985 | ||||||
Commerce Bancshares, Inc. | 25,408 | 1,946,507 | ||||||
Community Bank System, Inc. | 9,572 | 734,364 | ||||||
Cullen/Frost Bankers, Inc. | 20,159 | 2,192,493 | ||||||
CVB Financial Corp. | 32,999 | 728,948 | ||||||
East West Bancorp, Inc. | 67,841 | 5,006,666 | ||||||
First Citizens BancShares, Inc. Class A | 4,396 | 3,674,045 | ||||||
First Financial Bankshares, Inc. | 20,376 | 952,170 | ||||||
First Hawaiian, Inc. | 34,006 | 930,744 | ||||||
First Horizon Corp. | 283,582 | 4,795,372 | ||||||
Glacier Bancorp, Inc. | 28,578 | 1,631,232 | ||||||
Hilltop Holdings, Inc. | 69,934 | 2,386,847 | ||||||
Home BancShares, Inc. | 45,774 | 1,238,187 | ||||||
Independent Bank Corp. | 5,153 | 433,831 | ||||||
Independent Bank Group, Inc. | 15,042 | 1,086,634 | ||||||
Investors Bancorp, Inc. | 83,097 | 1,220,695 | ||||||
Old National Bancorp | 51,140 | 989,048 | ||||||
Pacific Premier Bancorp, Inc. | 9,342 | 405,816 | ||||||
People’s United Financial, Inc. | 220,490 | 3,946,771 | ||||||
Pinnacle Financial Partners, Inc. | 23,288 | 2,064,714 | ||||||
Prosperity Bancshares, Inc. | 44,183 | 3,308,865 | ||||||
Signature Bank | 22,933 | 5,185,151 | ||||||
Simmons First National Corp. Class A | 64,543 | 1,914,991 | ||||||
Sterling Bancorp | 62,637 | 1,441,904 | ||||||
Synovus Financial Corp. | 66,466 | 3,040,820 | ||||||
Texas Capital Bancshares, Inc.* | 5,195 | 368,429 | ||||||
UMB Financial Corp. | 11,581 | 1,069,274 | ||||||
Umpqua Holdings Corp. | 37,937 | 665,794 | ||||||
United Bankshares, Inc. | 39,305 | 1,516,387 | ||||||
Valley National Bancorp | 202,882 | 2,787,599 | ||||||
Webster Financial Corp. | 27,640 | 1,523,240 | ||||||
Western Alliance Bancorp | 42,865 | 4,048,171 | ||||||
Wintrust Financial Corp. | 20,421 | 1,547,912 | ||||||
|
| |||||||
| Total Banks |
| 76,844,821 | ||||||
| Beverages – 0.2% | ||||||||
Celsius Holdings, Inc.*(a) | 6,700 | 321,935 | ||||||
National Beverage Corp.(a) | 25,921 | 1,267,796 | ||||||
|
| |||||||
| Total Beverages |
| 1,589,731 | ||||||
| Biotechnology – 1.9% | ||||||||
Arena Pharmaceuticals, Inc.* | 43,139 | 2,993,415 | ||||||
Blueprint Medicines Corp.* | 21,138 | 2,055,248 | ||||||
Emergent BioSolutions, Inc.* | 17,223 | 1,600,189 | ||||||
Exelixis, Inc.* | 63,724 | 1,439,525 | ||||||
Halozyme Therapeutics, Inc.*(a) | 13,359 | 556,936 | ||||||
Ionis Pharmaceuticals, Inc.* | 16,078 | 722,867 | ||||||
United Therapeutics Corp.* | 22,755 | 3,806,229 | ||||||
|
| |||||||
| Total Biotechnology |
| 13,174,409 | ||||||
| Building Products – 2.4% | ||||||||
AAON, Inc.(a) | 10,310 | 721,803 | ||||||
Advanced Drainage Systems, Inc. | 37,069 | 3,832,564 | ||||||
Armstrong World Industries, Inc. | 12,960 | 1,167,566 | ||||||
Builders FirstSource, Inc.* | 71,373 | 3,309,566 | ||||||
Gibraltar Industries, Inc.* | 10,498 | 960,672 | ||||||
JELD-WEN Holding, Inc.* | 25,765 | 713,433 | ||||||
Resideo Technologies, Inc.* | 83,720 | 2,365,090 | ||||||
Simpson Manufacturing Co., Inc. | 14,659 | 1,520,578 | ||||||
UFP Industries, Inc. | 29,637 | 2,247,670 | ||||||
|
| |||||||
| Total Building Products |
| 16,838,942 | ||||||
| Capital Markets – 2.8% | ||||||||
Affiliated Managers Group, Inc. | 5,858 | 873,018 | ||||||
Artisan Partners Asset Management, Inc. Class A | 13,467 | 702,573 | ||||||
Cohen & Steers, Inc. | 5,568 | 363,758 | ||||||
Evercore, Inc. Class A | 13,515 | 1,780,466 | ||||||
Federated Hermes, Inc. Class B | 52,154 | 1,632,420 | ||||||
Hamilton Lane, Inc. Class A | 3,397 | 300,838 | ||||||
Houlihan Lokey, Inc. | 11,142 | 741,055 | ||||||
Interactive Brokers Group, Inc. Class A | 13,907 | 1,015,767 | ||||||
LPL Financial Holdings, Inc. | 35,934 | 5,108,378 | ||||||
Moelis & Co. Class A | 5,126 | 281,315 | ||||||
Stifel Financial Corp. | 46,085 | 2,952,205 | ||||||
Tradeweb Markets, Inc. Class A | 8,844 | 654,456 | ||||||
See Notes to Financial Statements.
| 50 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Fund (EZM)
March 31, 2021
| Investments | Shares | Value | ||||||
Virtu Financial, Inc. Class A | 113,948 | $ | 3,538,085 | |||||
|
| |||||||
| Total Capital Markets |
| 19,944,334 | ||||||
| Chemicals – 2.2% | ||||||||
Ashland Global Holdings, Inc. | 10,778 | 956,763 | ||||||
Avient Corp. | 12,482 | 590,024 | ||||||
Balchem Corp. | 6,004 | 752,962 | ||||||
Cabot Corp. | 22,722 | 1,191,542 | ||||||
Chemours Co. (The) | 25,765 | 719,101 | ||||||
Element Solutions, Inc. | 77,151 | 1,411,092 | ||||||
H.B. Fuller Co.(a) | 17,241 | 1,084,631 | ||||||
Ingevity Corp.* | 20,108 | 1,518,757 | ||||||
Livent Corp.*(a) | 14,079 | 243,848 | ||||||
NewMarket Corp. | 4,034 | 1,533,565 | ||||||
Quaker Chemical Corp. | 2,240 | 546,045 | ||||||
Sensient Technologies Corp. | 9,198 | 717,444 | ||||||
Stepan Co. | 7,972 | 1,013,321 | ||||||
Valvoline, Inc. | 92,437 | 2,409,833 | ||||||
W.R. Grace & Co. | 16,017 | 958,778 | ||||||
|
| |||||||
| Total Chemicals |
| 15,647,706 | ||||||
| Commercial Services & Supplies – 1.4% | ||||||||
ABM Industries, Inc. | 28,275 | 1,442,308 | ||||||
Brady Corp. Class A | 18,741 | 1,001,706 | ||||||
Brink’s Co. (The) | 8,776 | 695,322 | ||||||
Casella Waste Systems, Inc. Class A* | 7,030 | 446,897 | ||||||
Clean Harbors, Inc.* | 9,915 | 833,455 | ||||||
Herman Miller, Inc. | 36,814 | 1,514,896 | ||||||
MSA Safety, Inc. | 7,556 | 1,133,551 | ||||||
Stericycle, Inc.* | 9,768 | 659,438 | ||||||
Tetra Tech, Inc. | 11,026 | 1,496,449 | ||||||
UniFirst Corp. | 4,612 | 1,031,751 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 10,255,773 | ||||||
| Communications Equipment – 1.2% | ||||||||
Ciena Corp.* | 59,660 | 3,264,595 | ||||||
Juniper Networks, Inc. | 119,506 | 3,027,087 | ||||||
Lumentum Holdings, Inc.*(a) | 15,477 | 1,413,824 | ||||||
ViaSat, Inc.* | 7,308 | 351,296 | ||||||
Viavi Solutions, Inc.* | 31,813 | 499,464 | ||||||
|
| |||||||
| Total Communications Equipment |
| 8,556,266 | ||||||
| Construction & Engineering – 1.3% | ||||||||
Arcosa, Inc. | 17,047 | 1,109,589 | ||||||
EMCOR Group, Inc. | 25,143 | 2,820,039 | ||||||
MasTec, Inc.*(a) | 30,157 | 2,825,711 | ||||||
Valmont Industries, Inc. | 7,369 | 1,751,390 | ||||||
WillScot Mobile Mini Holdings Corp.*(a) | 23,705 | 657,814 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 9,164,543 | ||||||
| Construction Materials – 0.5% | ||||||||
Eagle Materials, Inc. | 18,885 | 2,538,333 | ||||||
Summit Materials, Inc. Class A* | 33,841 | 948,225 | ||||||
|
| |||||||
| Total Construction Materials |
| 3,486,558 | ||||||
| Consumer Finance – 2.0% | ||||||||
Credit Acceptance Corp.*(a) | 7,020 | 2,528,815 | ||||||
FirstCash, Inc. | 6,449 | 423,506 | ||||||
Green Dot Corp. Class A* | 5,277 | 241,634 | ||||||
OneMain Holdings, Inc. | 87,331 | 4,691,421 | ||||||
Prog Holdings, Inc. | 19,871 | 860,215 | ||||||
SLM Corp. | 295,244 | 5,305,535 | ||||||
|
| |||||||
| Total Consumer Finance |
| 14,051,126 | ||||||
| Containers & Packaging – 2.7% | ||||||||
Berry Global Group, Inc.* | 86,076 | 5,285,066 | ||||||
Graphic Packaging Holding Co. | 143,344 | 2,603,127 | ||||||
Greif, Inc. Class A | 30,810 | 1,756,170 | ||||||
Sealed Air Corp. | 77,883 | 3,568,599 | ||||||
Silgan Holdings, Inc. | 82,420 | 3,464,113 | ||||||
Sonoco Products Co. | 38,277 | 2,422,934 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 19,100,009 | ||||||
| Diversified Consumer Services – 1.1% | ||||||||
frontdoor, Inc.* | 20,554 | 1,104,777 | ||||||
Grand Canyon Education, Inc.* | 19,656 | 2,105,158 | ||||||
H&R Block, Inc. | 148,543 | 3,238,237 | ||||||
Strategic Education, Inc. | 9,927 | 912,391 | ||||||
Terminix Global Holdings, Inc.* | 15,640 | 745,559 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 8,106,122 | ||||||
| Diversified Financial Services – 0.5% | ||||||||
Jefferies Financial Group, Inc. | 129,245 | 3,890,274 | ||||||
| Diversified Telecommunication Services – 0.1% |
| |||||||
Cogent Communications Holdings, Inc. | 6,047 | 415,792 | ||||||
| Electric Utilities – 0.9% | ||||||||
ALLETE, Inc. | 17,722 | 1,190,741 | ||||||
Hawaiian Electric Industries, Inc. | 39,048 | 1,734,903 | ||||||
IDACORP, Inc. | 15,016 | 1,501,150 | ||||||
MGE Energy, Inc. | 8,431 | 601,889 | ||||||
Portland General Electric Co. | 24,292 | 1,153,141 | ||||||
|
| |||||||
| Total Electric Utilities |
| 6,181,824 | ||||||
| Electrical Equipment – 1.2% | ||||||||
Acuity Brands, Inc. | 16,361 | 2,699,565 | ||||||
EnerSys | 12,394 | 1,125,375 | ||||||
GrafTech International Ltd. | 203,838 | 2,492,939 | ||||||
Regal Beloit Corp. | 11,897 | 1,697,464 | ||||||
Vicor Corp.* | 3,223 | 274,052 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 8,289,395 | ||||||
| Electronic Equipment, Instruments & Components – 2.8% |
| |||||||
Arrow Electronics, Inc.* | 46,401 | 5,142,159 | ||||||
Avnet, Inc. | 17,985 | 746,557 | ||||||
Badger Meter, Inc.(a) | 4,985 | 463,954 | ||||||
Coherent, Inc.* | 2,284 | 577,601 | ||||||
Dolby Laboratories, Inc. Class A | 15,135 | 1,494,127 | ||||||
II-VI, Inc.*(a) | 10,466 | 715,560 | ||||||
Insight Enterprises, Inc.*(a) | 17,969 | 1,714,602 | ||||||
Itron, Inc.* | 4,684 | 415,237 | ||||||
Jabil, Inc. | 70,794 | 3,692,615 | ||||||
Littelfuse, Inc. | 3,891 | 1,028,936 | ||||||
National Instruments Corp. | 17,246 | 744,769 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Fund (EZM)
March 31, 2021
| Investments | Shares | Value | ||||||
Plexus Corp.* | 12,543 | $ | 1,151,949 | |||||
Rogers Corp.* | 3,158 | 594,367 | ||||||
Vishay Intertechnology, Inc. | 55,358 | 1,333,021 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 19,815,454 | ||||||
| Entertainment – 0.1% | ||||||||
Madison Square Garden Sports Corp. Class A* | 2,605 | 467,493 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 4.9% |
| |||||||
Agree Realty Corp. | 10,401 | 700,091 | ||||||
American Campus Communities, Inc. | 13,332 | 575,542 | ||||||
Brixmor Property Group, Inc. | 76,267 | 1,542,881 | ||||||
CoreSite Realty Corp. | 5,593 | 670,321 | ||||||
Corporate Office Properties Trust | 27,531 | 724,891 | ||||||
Cousins Properties, Inc. | 59,833 | 2,115,097 | ||||||
CubeSmart | 40,291 | 1,524,209 | ||||||
Douglas Emmett, Inc. | 18,155 | 570,067 | ||||||
EastGroup Properties, Inc. | 5,523 | 791,336 | ||||||
Essential Properties Realty Trust, Inc. | 22,516 | 514,040 | ||||||
First Industrial Realty Trust, Inc. | 19,485 | 892,218 | ||||||
Healthcare Realty Trust, Inc. | 14,292 | 433,333 | ||||||
Healthcare Trust of America, Inc. Class A | 23,302 | 642,669 | ||||||
Highwoods Properties, Inc. | 31,276 | 1,342,992 | ||||||
Hudson Pacific Properties, Inc. | 16,288 | 441,893 | ||||||
Innovative Industrial Properties, Inc. | 2,777 | 500,304 | ||||||
JBG SMITH Properties | 17,549 | 557,883 | ||||||
Kilroy Realty Corp. | 18,928 | 1,242,245 | ||||||
Kimco Realty Corp. | 98,354 | 1,844,138 | ||||||
Lamar Advertising Co. Class A | 23,435 | 2,201,015 | ||||||
Lexington Realty Trust | 34,387 | 382,040 | ||||||
Life Storage, Inc. | 14,785 | 1,270,771 | ||||||
National Health Investors, Inc. | 18,940 | 1,368,983 | ||||||
National Retail Properties, Inc. | 45,528 | 2,006,419 | ||||||
National Storage Affiliates Trust | 9,915 | 395,906 | ||||||
Physicians Realty Trust | 25,088 | 443,305 | ||||||
PotlatchDeltic Corp. | 18,772 | 993,414 | ||||||
PS Business Parks, Inc. | 5,446 | 841,843 | ||||||
QTS Realty Trust, Inc. Class A | 6,861 | 425,656 | ||||||
Rayonier, Inc. | 14,501 | 467,657 | ||||||
Rexford Industrial Realty, Inc. | 13,351 | 672,890 | ||||||
Sabra Health Care REIT, Inc. | 51,199 | 888,815 | ||||||
Safehold, Inc. | 7,057 | 494,696 | ||||||
SL Green Realty Corp. | 22,982 | 1,608,510 | ||||||
Spirit Realty Capital, Inc. | 14,295 | 607,538 | ||||||
STAG Industrial, Inc. | 17,456 | 586,696 | ||||||
Terreno Realty Corp. | 8,477 | 489,716 | ||||||
Weingarten Realty Investors | 25,603 | 688,977 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 34,460,997 | ||||||
| Food & Staples Retailing – 1.3% | ||||||||
BJ’s Wholesale Club Holdings, Inc.*(a) | 70,219 | 3,150,024 | ||||||
Casey’s General Stores, Inc. | 12,175 | 2,632,113 | ||||||
Grocery Outlet Holding Corp.* | 10,038 | 370,302 | ||||||
PriceSmart, Inc. | 7,492 | 724,851 | ||||||
Sprouts Farmers Market, Inc.* | 93,309 | 2,483,886 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 9,361,176 | ||||||
| Food Products – 1.8% | ||||||||
Flowers Foods, Inc. | 73,155 | 1,741,089 | ||||||
Freshpet, Inc.* | 4,371 | 694,158 | ||||||
Hain Celestial Group, Inc. (The)* | 17,490 | 762,564 | ||||||
Ingredion, Inc. | 33,716 | 3,031,743 | ||||||
J&J Snack Foods Corp. | 1,958 | 307,465 | ||||||
Lancaster Colony Corp. | 6,093 | 1,068,468 | ||||||
Pilgrim’s Pride Corp.* | 74,483 | 1,771,951 | ||||||
Post Holdings, Inc.* | 15,045 | 1,590,557 | ||||||
TreeHouse Foods, Inc.*(a) | 34,886 | 1,822,445 | ||||||
|
| |||||||
| Total Food Products |
| 12,790,440 | ||||||
| Gas Utilities – 1.9% | ||||||||
National Fuel Gas Co. | 44,369 | 2,218,006 | ||||||
New Jersey Resources Corp. | 27,305 | 1,088,650 | ||||||
ONE Gas, Inc. | 16,279 | 1,252,018 | ||||||
South Jersey Industries, Inc. | 40,326 | 910,561 | ||||||
Southwest Gas Holdings, Inc. | 24,709 | 1,697,755 | ||||||
Spire, Inc. | 18,981 | 1,402,506 | ||||||
UGI Corp. | 120,440 | 4,939,245 | ||||||
|
| |||||||
| Total Gas Utilities |
| 13,508,741 | ||||||
| Health Care Equipment & Supplies – 1.6% | ||||||||
Cantel Medical Corp.* | 5,787 | 462,034 | ||||||
CONMED Corp. | 2,963 | 386,938 | ||||||
Envista Holdings Corp.*(a) | 51,642 | 2,106,994 | ||||||
Globus Medical, Inc. Class A* | 14,040 | 865,847 | ||||||
Haemonetics Corp.* | 6,669 | 740,326 | ||||||
Hill-Rom Holdings, Inc. | 20,136 | 2,224,625 | ||||||
ICU Medical, Inc.* | 4,803 | 986,728 | ||||||
Inari Medical, Inc.* | 5,248 | 561,536 | ||||||
Integer Holdings Corp.* | 8,094 | 745,457 | ||||||
Integra LifeSciences Holdings Corp.* | 13,221 | 913,439 | ||||||
Merit Medical Systems, Inc.*(a) | 6,044 | 361,915 | ||||||
Neogen Corp.* | 6,675 | 593,341 | ||||||
STAAR Surgical Co.*(a) | 4,345 | 458,006 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 11,407,186 | ||||||
| Health Care Providers & Services – 1.8% | ||||||||
Acadia Healthcare Co., Inc.* | 29,265 | 1,672,202 | ||||||
AMN Healthcare Services, Inc.* | 14,226 | 1,048,456 | ||||||
Ensign Group, Inc. (The) | 14,041 | 1,317,607 | ||||||
HealthEquity, Inc.*(a) | 8,942 | 608,056 | ||||||
LHC Group, Inc.* | 3,929 | 751,264 | ||||||
Patterson Cos., Inc. | 27,077 | 865,110 | ||||||
Premier, Inc. Class A | 41,374 | 1,400,510 | ||||||
Progyny, Inc.* | 8,021 | 357,015 | ||||||
R1 RCM, Inc.* | 19,851 | 489,923 | ||||||
Select Medical Holdings Corp.* | 62,869 | 2,143,833 | ||||||
Tenet Healthcare Corp.* | 39,833 | 2,071,316 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 12,725,292 | ||||||
| Health Care Technology – 0.2% |
| |||||||
HMS Holdings Corp.* | 14,648 | 541,610 | ||||||
Omnicell, Inc.*(a) | 4,048 | 525,714 | ||||||
|
| |||||||
| Total Health Care Technology |
| 1,067,324 | ||||||
See Notes to Financial Statements.
| 52 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Fund (EZM)
March 31, 2021
| Investments | Shares | Value | ||||||
| Hotels, Restaurants & Leisure – 1.3% | ||||||||
Brinker International, Inc. | 6,332 | $ | 449,952 | |||||
Choice Hotels International, Inc. | 8,111 | 870,229 | ||||||
Churchill Downs, Inc. | 3,861 | 878,069 | ||||||
Hilton Grand Vacations, Inc.* | 8,998 | 337,335 | ||||||
Hyatt Hotels Corp. Class A | 16,114 | 1,332,628 | ||||||
Marriott Vacations Worldwide Corp. | 4,530 | 789,035 | ||||||
Papa John’s International, Inc. | 3,946 | 349,773 | ||||||
Texas Roadhouse, Inc. | 7,198 | 690,576 | ||||||
Travel + Leisure Co. | 8,950 | 547,382 | ||||||
Wendy’s Co. (The) | 38,730 | 784,670 | ||||||
Wingstop, Inc. | 3,074 | 390,921 | ||||||
Wyndham Hotels & Resorts, Inc. | 20,422 | 1,425,047 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 8,845,617 | ||||||
| Household Durables – 4.0% | ||||||||
Installed Building Products, Inc. | 7,681 | 851,669 | ||||||
iRobot Corp.*(a) | 8,645 | 1,056,246 | ||||||
KB Home | 80,517 | 3,746,456 | ||||||
Leggett & Platt, Inc. | 44,334 | 2,023,847 | ||||||
LGI Homes, Inc.*(a) | 14,923 | 2,228,153 | ||||||
MDC Holdings, Inc. | 52,886 | 3,141,429 | ||||||
Meritage Homes Corp.* | 30,076 | 2,764,586 | ||||||
Sonos, Inc.* | 12,688 | 475,419 | ||||||
Taylor Morrison Home Corp. Class A* | 62,798 | 1,934,807 | ||||||
Tempur Sealy International, Inc. | 53,231 | 1,946,125 | ||||||
Toll Brothers, Inc. | 67,183 | 3,811,292 | ||||||
TopBuild Corp.* | 9,870 | 2,067,074 | ||||||
Tri Pointe Homes, Inc.* | 118,145 | 2,405,432 | ||||||
|
| |||||||
| Total Household Durables |
| 28,452,535 | ||||||
| Household Products – 0.8% | ||||||||
Energizer Holdings, Inc. | 31,440 | 1,492,142 | ||||||
Reynolds Consumer Products, Inc. | 80,702 | 2,403,306 | ||||||
Spectrum Brands Holdings, Inc. | 17,779 | 1,511,215 | ||||||
WD-40 Co. | 1,979 | 605,930 | ||||||
|
| |||||||
| Total Household Products |
| 6,012,593 | ||||||
| Independent Power & Renewable Electricity Producers – 0.2% |
| |||||||
Clearway Energy, Inc. Class C | 18,610 | 523,686 | ||||||
Ormat Technologies, Inc. | 7,106 | 558,034 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 1,081,720 | ||||||
| Insurance – 4.4% | ||||||||
American Equity Investment Life Holding Co. | 83,587 | 2,635,498 | ||||||
American National Group, Inc. | 14,089 | 1,519,780 | ||||||
CNO Financial Group, Inc. | 51,790 | 1,257,979 | ||||||
First American Financial Corp. | 84,181 | 4,768,854 | ||||||
Genworth Financial, Inc. Class A* | 363,961 | 1,208,351 | ||||||
Goosehead Insurance, Inc. Class A | 1,930 | 206,857 | ||||||
Hanover Insurance Group, Inc. (The) | 13,981 | 1,809,980 | ||||||
Kemper Corp. | 32,673 | 2,604,692 | ||||||
Kinsale Capital Group, Inc. | 2,402 | 395,850 | ||||||
Mercury General Corp. | 24,908 | 1,514,656 | ||||||
Old Republic International Corp. | 188,569 | 4,118,347 | ||||||
Primerica, Inc. | 15,513 | 2,293,132 | ||||||
RLI Corp. | 4,662 | 520,139 | ||||||
Selective Insurance Group, Inc. | 13,634 | 989,010 | ||||||
Selectquote, Inc.* | 15,542 | 458,644 | ||||||
Unum Group | 182,507 | 5,079,170 | ||||||
|
| |||||||
| Total Insurance |
| 31,380,939 | ||||||
| Interactive Media & Services – 0.1% | ||||||||
Cargurus, Inc.* | 20,633 | 491,684 | ||||||
| Internet & Direct Marketing Retail – 0.3% | ||||||||
Overstock.com, Inc.* | 5,438 | 360,322 | ||||||
Shutterstock, Inc. | 7,079 | 630,314 | ||||||
Stamps.com, Inc.* | 5,140 | 1,025,481 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 2,016,117 | ||||||
| IT Services – 2.2% | ||||||||
Alliance Data Systems Corp. | 44,991 | 5,043,041 | ||||||
DXC Technology Co. | 145,158 | 4,537,639 | ||||||
Euronet Worldwide, Inc.* | 7,176 | 992,441 | ||||||
ExlService Holdings, Inc.* | 6,891 | 621,293 | ||||||
MAXIMUS, Inc. | 21,656 | 1,928,250 | ||||||
Perspecta, Inc. | 30,456 | 884,747 | ||||||
TTEC Holdings, Inc. | 13,707 | 1,376,868 | ||||||
|
| |||||||
| Total IT Services |
| 15,384,279 | ||||||
| Leisure Products – 1.3% | ||||||||
Acushnet Holdings Corp. | 21,966 | 907,855 | ||||||
Brunswick Corp. | 33,549 | 3,199,568 | ||||||
Mattel, Inc.* | 37,768 | 752,339 | ||||||
Polaris, Inc. | 23,867 | 3,186,244 | ||||||
YETI Holdings, Inc.*(a) | 11,544 | 833,592 | ||||||
|
| |||||||
| Total Leisure Products |
| 8,879,598 | ||||||
| Life Sciences Tools & Services – 0.6% | ||||||||
Medpace Holdings, Inc.* | 6,535 | 1,072,067 | ||||||
PRA Health Sciences, Inc.* | 11,823 | 1,812,821 | ||||||
Syneos Health, Inc.* | 21,123 | 1,602,179 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 4,487,067 | ||||||
| Machinery – 5.4% | ||||||||
AGCO Corp. | 31,535 | 4,530,003 | ||||||
Albany International Corp. Class A | 12,338 | 1,029,853 | ||||||
Allison Transmission Holdings, Inc. | 51,689 | 2,110,462 | ||||||
Altra Industrial Motion Corp. | 17,611 | 974,241 | ||||||
Barnes Group, Inc. | 16,513 | 818,054 | ||||||
Chart Industries, Inc.* | 4,590 | 653,386 | ||||||
Colfax Corp.*(a) | 18,414 | 806,717 | ||||||
Crane Co. | 23,476 | 2,204,631 | ||||||
Donaldson Co., Inc. | 32,394 | 1,884,035 | ||||||
ESCO Technologies, Inc. | 5,872 | 639,402 | ||||||
Evoqua Water Technologies Corp.* | 33,658 | 885,205 | ||||||
Flowserve Corp. | 38,185 | 1,481,960 | ||||||
Franklin Electric Co., Inc. | 11,105 | 876,629 | ||||||
Hillenbrand, Inc. | 35,080 | 1,673,667 | ||||||
ITT, Inc. | 13,884 | 1,262,194 | ||||||
John Bean Technologies Corp. | 8,959 | 1,194,593 | ||||||
Kennametal, Inc. | 17,704 | 707,629 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 53 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Fund (EZM)
March 31, 2021
| Investments | Shares | Value | ||||||
Lincoln Electric Holdings, Inc. | 13,553 | $ | 1,666,206 | |||||
Oshkosh Corp. | 26,269 | 3,117,080 | ||||||
Proto Labs, Inc.* | 3,289 | 400,436 | ||||||
RBC Bearings, Inc.* | 4,768 | 938,199 | ||||||
Rexnord Corp. | 32,905 | 1,549,496 | ||||||
SPX Corp.* | 15,482 | 902,136 | ||||||
SPX FLOW, Inc. | 7,203 | 456,166 | ||||||
Timken Co. (The) | 29,075 | 2,360,018 | ||||||
Trinity Industries, Inc. | 17,626 | 502,165 | ||||||
Watts Water Technologies, Inc. Class A | 8,320 | 988,499 | ||||||
Woodward, Inc. | 14,602 | 1,761,439 | ||||||
|
| |||||||
| Total Machinery |
| 38,374,501 | ||||||
| Marine – 0.2% | ||||||||
Kirby Corp.* | 9,629 | 580,436 | ||||||
Matson, Inc. | 16,175 | 1,078,873 | ||||||
|
| |||||||
| Total Marine |
| 1,659,309 | ||||||
| Media – 1.3% | ||||||||
Liberty Broadband Corp. Class C* | 1 | 150 | ||||||
New York Times Co. (The) Class A | 20,695 | 1,047,581 | ||||||
Nexstar Media Group, Inc. Class A | 35,426 | 4,974,873 | ||||||
TEGNA, Inc. | 166,344 | 3,132,258 | ||||||
|
| |||||||
| Total Media |
| 9,154,862 | ||||||
| Metals & Mining – 1.7% | ||||||||
Arconic Corp.* | 39,132 | 993,561 | ||||||
Commercial Metals Co. | 101,962 | 3,144,508 | ||||||
Compass Minerals International, Inc. | 11,862 | 743,985 | ||||||
Hecla Mining Co. | 52,303 | 297,604 | ||||||
Reliance Steel & Aluminum Co. | 27,480 | 4,184,929 | ||||||
Royal Gold, Inc. | 12,993 | 1,398,307 | ||||||
Worthington Industries, Inc. | 22,761 | 1,527,036 | ||||||
|
| |||||||
| Total Metals & Mining |
| 12,289,930 | ||||||
| Multi-Utilities – 1.0% | ||||||||
Avista Corp. | 18,662 | 891,111 | ||||||
Black Hills Corp. | 26,437 | 1,765,198 | ||||||
MDU Resources Group, Inc. | 101,236 | 3,200,070 | ||||||
NorthWestern Corp. | 20,834 | 1,358,377 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 7,214,756 | ||||||
| Multiline Retail – 0.2% | ||||||||
Ollie’s Bargain Outlet Holdings, Inc.*(a) | 18,414 | 1,602,018 | ||||||
| Oil, Gas & Consumable Fuels – 1.9% | ||||||||
APA Corp. | 31,572 | 565,139 | ||||||
Cabot Oil & Gas Corp.(a) | 86,785 | 1,629,822 | ||||||
Cimarex Energy Co. | 17,128 | 1,017,232 | ||||||
Diamondback Energy, Inc. | 71,446 | 5,250,567 | ||||||
Equitrans Midstream Corp. | 326,733 | 2,666,141 | ||||||
Renewable Energy Group, Inc.*(a) | 34,420 | 2,273,097 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 13,401,998 | ||||||
| Paper & Forest Products – 0.4% | ||||||||
Louisiana-Pacific Corp. | 48,641 | 2,697,630 | ||||||
| Personal Products – 0.3% | ||||||||
Medifast, Inc. | 3,980 | 843,044 | ||||||
Nu Skin Enterprises, Inc. Class A | 22,116 | 1,169,715 | ||||||
|
| |||||||
| Total Personal Products |
| 2,012,759 | ||||||
| Pharmaceuticals – 0.2% | ||||||||
Corcept Therapeutics, Inc.*(a) | 32,474 | 772,556 | ||||||
Pacira BioSciences, Inc.* | 5,117 | 358,651 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 1,131,207 | ||||||
| Professional Services – 2.9% | ||||||||
ASGN, Inc.* | 17,473 | 1,667,623 | ||||||
CACI International, Inc. Class A* | 11,005 | 2,714,493 | ||||||
CoreLogic, Inc. | 16,216 | 1,285,118 | ||||||
Exponent, Inc. | 6,927 | 675,036 | ||||||
FTI Consulting, Inc.* | 12,522 | 1,754,457 | ||||||
Insperity, Inc. | 13,779 | 1,153,854 | ||||||
KBR, Inc. | 63,106 | 2,422,639 | ||||||
Korn Ferry | 18,365 | 1,145,425 | ||||||
ManpowerGroup, Inc. | 11,544 | 1,141,702 | ||||||
Robert Half International, Inc. | 35,810 | 2,795,687 | ||||||
Science Applications International Corp. | 19,335 | 1,616,213 | ||||||
TriNet Group, Inc.* | 29,068 | 2,266,141 | ||||||
|
| |||||||
| Total Professional Services |
| 20,638,388 | ||||||
| Real Estate Management & Development – 0.9% | ||||||||
eXp World Holdings, Inc.*(a) | 11,738 | 534,666 | ||||||
Howard Hughes Corp. (The)* | 5,401 | 513,797 | ||||||
Jones Lang LaSalle, Inc.* | 26,190 | 4,689,057 | ||||||
Kennedy-Wilson Holdings, Inc. | 28,956 | 585,201 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 6,322,721 | ||||||
| Road & Rail – 1.0% | ||||||||
Knight-Swift Transportation Holdings, Inc. | 57,102 | 2,746,035 | ||||||
Landstar System, Inc. | 9,353 | 1,543,806 | ||||||
Ryder System, Inc. | 8,905 | 673,663 | ||||||
Saia, Inc.* | 4,899 | 1,129,612 | ||||||
Werner Enterprises, Inc. | 27,520 | 1,298,118 | ||||||
|
| |||||||
| Total Road & Rail |
| 7,391,234 | ||||||
| Semiconductors & Semiconductor Equipment – 1.7% |
| |||||||
Advanced Energy Industries, Inc. | 9,599 | 1,047,923 | ||||||
Amkor Technology, Inc. | 131,994 | 3,129,578 | ||||||
Brooks Automation, Inc. | 8,517 | 695,413 | ||||||
Cirrus Logic, Inc.* | 15,088 | 1,279,312 | ||||||
CMC Materials, Inc. | 7,601 | 1,343,781 | ||||||
Diodes, Inc.* | 11,397 | 909,937 | ||||||
FormFactor, Inc.* | 16,820 | 758,750 | ||||||
Lattice Semiconductor Corp.* | 14,066 | 633,251 | ||||||
Power Integrations, Inc. | 7,134 | 581,278 | ||||||
Semtech Corp.* | 6,760 | 466,440 | ||||||
Silicon Laboratories, Inc.* | 4,435 | 625,645 | ||||||
Synaptics, Inc.* | 6,658 | 901,626 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 12,372,934 | ||||||
| Software – 1.7% | ||||||||
ACI Worldwide, Inc.* | 15,802 | 601,266 | ||||||
Alarm.com Holdings, Inc.* | 6,423 | 554,819 | ||||||
Appfolio, Inc. Class A*(a) | 1,827 | 258,356 | ||||||
See Notes to Financial Statements.
| 54 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Fund (EZM)
March 31, 2021
| Investments | Shares | Value | ||||||
Blackbaud, Inc. | 5,961 | $ | 423,708 | |||||
CDK Global, Inc. | 42,605 | 2,303,226 | ||||||
CommVault Systems, Inc.* | 4,742 | 305,859 | ||||||
Digital Turbine, Inc.* | 9,637 | 774,429 | ||||||
Dropbox, Inc. Class A* | 29,462 | 785,457 | ||||||
j2 Global, Inc.*(a) | 11,396 | 1,365,925 | ||||||
Manhattan Associates, Inc.* | 7,155 | 839,854 | ||||||
MicroStrategy, Inc. Class A*(a) | 1,237 | 839,676 | ||||||
Qualys, Inc.*(a) | 7,339 | 768,981 | ||||||
RealPage, Inc.* | 10,822 | 943,678 | ||||||
SolarWinds Corp.*(a) | 31,353 | 546,796 | ||||||
SPS Commerce, Inc.* | 4,327 | 429,714 | ||||||
Verint Systems, Inc.*(a) | 7,509 | 341,584 | ||||||
|
| |||||||
| Total Software |
| 12,083,328 | ||||||
| Specialty Retail – 3.4% | ||||||||
Asbury Automotive Group, Inc.* | 10,964 | 2,154,426 | ||||||
AutoNation, Inc.* | 49,663 | 4,629,585 | ||||||
Dick’s Sporting Goods, Inc. | 51,664 | 3,934,214 | ||||||
Foot Locker, Inc. | 47,751 | 2,685,994 | ||||||
Group 1 Automotive, Inc. | 15,827 | 2,497,342 | ||||||
Murphy USA, Inc. | 21,155 | 3,058,167 | ||||||
National Vision Holdings, Inc.* | 8,179 | 358,485 | ||||||
Penske Automotive Group, Inc. | 52,804 | 4,236,993 | ||||||
Urban Outfitters, Inc.* | 12,827 | 477,036 | ||||||
|
| |||||||
| Total Specialty Retail |
| 24,032,242 | ||||||
| Technology Hardware, Storage & Peripherals – 0.5% |
| |||||||
NCR Corp.* | 34,609 | 1,313,411 | ||||||
Xerox Holdings Corp. | 87,388 | 2,120,907 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 3,434,318 | ||||||
| Textiles, Apparel & Luxury Goods – 2.2% | ||||||||
Carter’s, Inc.(a) | 15,357 | 1,365,698 | ||||||
Columbia Sportswear Co. | 12,269 | 1,295,974 | ||||||
Crocs, Inc.* | 16,469 | 1,324,931 | ||||||
Deckers Outdoor Corp.* | 7,678 | 2,536,965 | ||||||
Hanesbrands, Inc. | 295,289 | 5,808,335 | ||||||
Kontoor Brands, Inc. | 10,925 | 530,190 | ||||||
PVH Corp. | 6,318 | 667,813 | ||||||
Skechers U.S.A., Inc. Class A* | 20,519 | 855,847 | ||||||
Steven Madden Ltd. | 11,445 | 426,441 | ||||||
Wolverine World Wide, Inc. | 22,524 | 863,120 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 15,675,314 | ||||||
| Thrifts & Mortgage Finance – 2.4% | ||||||||
MGIC Investment Corp. | 222,773 | 3,085,406 | ||||||
Mr Cooper Group, Inc.*(a) | 82,600 | 2,871,176 | ||||||
New York Community Bancorp, Inc. | 200,519 | 2,530,550 | ||||||
PennyMac Financial Services, Inc.(a) | 65,576 | 4,385,067 | ||||||
Radian Group, Inc. | 112,676 | 2,619,717 | ||||||
TFS Financial Corp. | 28,239 | 575,229 | ||||||
Walker & Dunlop, Inc. | 9,964 | 1,023,701 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance | 17,090,846 | |||||||
| Trading Companies & Distributors – 2.1% | ||||||||
Air Lease Corp. | 91,772 | 4,496,828 | ||||||
Applied Industrial Technologies, Inc. | 12,276 | 1,119,203 | ||||||
Beacon Roofing Supply, Inc.* | 26,031 | 1,361,942 | ||||||
GATX Corp. | 11,809 | 1,095,167 | ||||||
MSC Industrial Direct Co., Inc. Class A | 21,947 | 1,979,400 | ||||||
SiteOne Landscape Supply, Inc.* | 7,015 | 1,197,741 | ||||||
Univar Solutions, Inc.* | 68,563 | 1,476,847 | ||||||
WESCO International, Inc.* | 23,888 | 2,067,028 | ||||||
|
| |||||||
| Total Trading Companies & Distributors | 14,794,156 | |||||||
| Water Utilities – 0.2% | ||||||||
American States Water Co. | 8,566 | 647,761 | ||||||
California Water Service Group | 13,735 | 773,830 | ||||||
|
| |||||||
| Total Water Utilities | 1,421,591 | |||||||
| Wireless Telecommunication Services – 0.1% | ||||||||
Shenandoah Telecommunications Co. | 10,756 | 525,000 | ||||||
| TOTAL COMMON STOCKS (Cost: $567,772,851) | 704,117,236 | |||||||
| EXCHANGE-TRADED FUND – 0.3% | ||||||||
| United States – 0.3% | ||||||||
| WisdomTree U.S. MidCap Dividend Fund(b) (Cost: $2,245,203) | 56,678 | 2,290,925 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7% |
| |||||||
| United States – 0.7% | ||||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $5,107,469) | 5,107,469 | 5,107,469 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.6% (Cost: $575,125,523) | 711,515,630 | |||||||
Other Assets less Liabilities – (0.6)% | (4,518,499 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 706,997,131 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $27,459,966 and the total market value of the collateral held by the Fund was $28,043,541. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $22,936,072. |
| (b) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
See Notes to Financial Statements.
| WisdomTree Trust | 55 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. MidCap Fund (EZM)
March 31, 2021
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree U.S. MidCap Dividend Fund | $ | 821,392 | $ | 5,751,793 | $ | 4,762,166 | $ | 144,982 | $ | 334,924 | $ | 2,290,925 | $ | 54,075 | ||||||||||||||
| FAIR VALUATION SUMMARY | ||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 704,117,236 | $ | — | $ | — | $ | 704,117,236 | ||||||||
Exchange-Traded Fund | 2,290,925 | — | — | 2,290,925 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 5,107,469 | — | 5,107,469 | ||||||||||||
Total Investments in Securities | $ | 706,408,161 | $ | 5,107,469 | $ | — | $ | 711,515,630 | ||||||||
See Notes to Financial Statements.
| 56 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree U.S. Multifactor Fund (USMF)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.8% |
| |||||||
| United States – 99.8% |
| |||||||
| Aerospace & Defense – 1.2% |
| |||||||
Huntington Ingalls Industries, Inc. | 2,795 | $ | 575,351 | |||||
Lockheed Martin Corp. | 1,584 | 585,288 | ||||||
Northrop Grumman Corp. | 1,866 | 603,912 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 1,764,551 | ||||||
| Air Freight & Logistics – 0.7% |
| |||||||
FedEx Corp. | 1,763 | 500,762 | ||||||
United Parcel Service, Inc. Class B | 3,421 | 581,536 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 1,082,298 | ||||||
| Automobiles – 0.6% |
| |||||||
Ford Motor Co.* | 38,343 | 469,702 | ||||||
General Motors Co. | 8,117 | 466,403 | ||||||
|
| |||||||
| Total Automobiles |
| 936,105 | ||||||
| Banks – 2.3% |
| |||||||
BOK Financial Corp. | 7,484 | 668,471 | ||||||
First Horizon Corp. | 40,930 | 692,126 | ||||||
People’s United Financial, Inc. | 42,555 | 761,735 | ||||||
Pinnacle Financial Partners, Inc. | 8,131 | 720,894 | ||||||
Western Alliance Bancorp | 6,405 | 604,888 | ||||||
|
| |||||||
| Total Banks |
| 3,448,114 | ||||||
| Biotechnology – 3.5% |
| |||||||
AbbVie, Inc. | 5,475 | 592,505 | ||||||
Alexion Pharmaceuticals, Inc.* | 3,488 | 533,350 | ||||||
Biogen, Inc.* | 1,132 | 316,677 | ||||||
Gilead Sciences, Inc. | 8,857 | 572,428 | ||||||
Halozyme Therapeutics, Inc.* | 11,085 | 462,134 | ||||||
Moderna, Inc.* | 1,676 | 219,472 | ||||||
Neurocrine Biosciences, Inc.* | 4,756 | 462,521 | ||||||
Regeneron Pharmaceuticals, Inc.* | 1,102 | 521,400 | ||||||
Seagen, Inc.* | 2,814 | 390,752 | ||||||
United Therapeutics Corp.* | 3,826 | 639,975 | ||||||
Vertex Pharmaceuticals, Inc.* | 2,237 | 480,709 | ||||||
|
| |||||||
| Total Biotechnology |
| 5,191,923 | ||||||
| Building Products – 0.8% |
| |||||||
A.O. Smith Corp. | 9,228 | 623,905 | ||||||
Advanced Drainage Systems, Inc. | 2,880 | 297,763 | ||||||
Builders FirstSource, Inc.* | 6,153 | 285,315 | ||||||
|
| |||||||
| Total Building Products |
| 1,206,983 | ||||||
| Capital Markets – 2.8% |
| |||||||
CBOE Global Markets, Inc. | 11,310 | 1,116,184 | ||||||
Goldman Sachs Group, Inc. (The) | 3,135 | 1,025,145 | ||||||
MarketAxess Holdings, Inc. | 2,207 | 1,098,910 | ||||||
Stifel Financial Corp. | 13,087 | 838,353 | ||||||
|
| |||||||
| Total Capital Markets |
| 4,078,592 | ||||||
| Chemicals – 0.6% |
| |||||||
Mosaic Co. (The) | 10,322 | 326,278 | ||||||
Scotts Miracle-Gro Co. (The) | 2,541 | 622,469 | ||||||
|
| |||||||
| Total Chemicals |
| 948,747 | ||||||
| Communications Equipment – 3.1% |
| |||||||
Cisco Systems, Inc. | 35,324 | 1,826,604 | ||||||
F5 Networks, Inc.* | 8,424 | 1,757,415 | ||||||
Ubiquiti, Inc. | 3,515 | 1,048,524 | ||||||
|
| |||||||
| Total Communications Equipment |
| 4,632,543 | ||||||
| Construction & Engineering – 0.6% |
| |||||||
MasTec, Inc.* | 3,467 | 324,858 | ||||||
Quanta Services, Inc. | 5,881 | 517,410 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 842,268 | ||||||
| Construction Materials – 0.3% |
| |||||||
Martin Marietta Materials, Inc. | 1,361 | 457,051 | ||||||
| Consumer Finance – 0.9% |
| |||||||
OneMain Holdings, Inc. | 11,212 | 602,309 | ||||||
Santander Consumer USA Holdings, Inc. | 24,248 | 656,151 | ||||||
|
| |||||||
| Total Consumer Finance |
| 1,258,460 | ||||||
| Containers & Packaging – 1.2% |
| |||||||
Berry Global Group, Inc.* | 11,458 | 703,521 | ||||||
Sealed Air Corp. | 11,948 | 547,458 | ||||||
Sonoco Products Co. | 9,440 | 597,552 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 1,848,531 | ||||||
| Diversified Consumer Services – 1.1% |
| |||||||
Chegg, Inc.* | 4,547 | 389,496 | ||||||
Service Corp. International | 14,202 | 725,012 | ||||||
Terminix Global Holdings, Inc.* | 9,251 | 440,995 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 1,555,503 | ||||||
| Diversified Financial Services – 0.6% |
| |||||||
Jefferies Financial Group, Inc. | 30,783 | 926,568 | ||||||
| Diversified Telecommunication Services – 1.8% |
| |||||||
Lumen Technologies, Inc. | 70,367 | 939,400 | ||||||
Verizon Communications, Inc. | 30,202 | 1,756,246 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 2,695,646 | ||||||
| Electric Utilities – 0.9% |
| |||||||
American Electric Power Co., Inc. | 9,630 | 815,661 | ||||||
NRG Energy, Inc. | 14,995 | 565,761 | ||||||
|
| |||||||
| Total Electric Utilities |
| 1,381,422 | ||||||
| Electronic Equipment, Instruments & Components – 2.6% |
| |||||||
Arrow Electronics, Inc.* | 13,490 | 1,494,962 | ||||||
II-VI, Inc.* | 11,932 | 815,791 | ||||||
Keysight Technologies, Inc.* | 11,202 | 1,606,366 | ||||||
| �� | |||||||
| Total Electronic Equipment, Instruments & Components |
| 3,917,119 | ||||||
| Energy Equipment & Services – 0.8% |
| |||||||
Baker Hughes Co. | 52,654 | 1,137,853 | ||||||
| Entertainment – 3.8% |
| |||||||
Activision Blizzard, Inc. | 17,547 | 1,631,871 | ||||||
Electronic Arts, Inc. | 12,158 | 1,645,828 | ||||||
Roku, Inc.* | 2,267 | 738,521 | ||||||
Take-Two Interactive Software, Inc.* | 9,253 | 1,635,005 | ||||||
|
| |||||||
| Total Entertainment |
| 5,651,225 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 57 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Multifactor Fund (USMF)
March 31, 2021
| Investments | Shares | Value | ||||||
| Equity Real Estate Investment Trusts (REITs) – 2.1% |
| |||||||
CubeSmart | 17,575 | $ | 664,862 | |||||
Extra Space Storage, Inc. | 5,380 | 713,119 | ||||||
Iron Mountain, Inc. | 16,094 | 595,639 | ||||||
Kimco Realty Corp. | 18,089 | 339,169 | ||||||
Public Storage | 2,933 | 723,747 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 3,036,536 | ||||||
| Food & Staples Retailing – 1.4% |
| |||||||
Casey’s General Stores, Inc. | 2,115 | 457,242 | ||||||
Costco Wholesale Corp. | 1,557 | 548,811 | ||||||
Kroger Co. (The) | 15,953 | 574,148 | ||||||
Walmart, Inc. | 3,954 | 537,072 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 2,117,273 | ||||||
| Food Products – 2.9% |
| |||||||
Campbell Soup Co. | 11,176 | 561,818 | ||||||
Conagra Brands, Inc. | 14,883 | 559,601 | ||||||
Darling Ingredients, Inc.* | 4,021 | 295,865 | ||||||
General Mills, Inc. | 9,380 | 575,182 | ||||||
Ingredion, Inc. | 4,080 | 366,874 | ||||||
J.M. Smucker Co. (The) | 4,597 | 581,658 | ||||||
Kellogg Co. | 8,854 | 560,458 | ||||||
Kraft Heinz Co. (The) | 11,705 | 468,200 | ||||||
Tyson Foods, Inc. Class A | 5,301 | 393,864 | ||||||
|
| |||||||
| Total Food Products |
| 4,363,520 | ||||||
| Gas Utilities – 0.4% |
| |||||||
UGI Corp. | 14,135 | 579,676 | ||||||
| Health Care Equipment & Supplies – 2.0% |
| |||||||
Abbott Laboratories | 4,719 | 565,525 | ||||||
Becton, Dickinson and Co. | 2,405 | 584,776 | ||||||
Hill-Rom Holdings, Inc. | 4,939 | 545,660 | ||||||
Hologic, Inc.* | 6,713 | 499,313 | ||||||
Quidel Corp.* | 1,632 | 208,782 | ||||||
Varian Medical Systems, Inc.* | 2,841 | 501,522 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 2,905,578 | ||||||
| Health Care Providers & Services – 2.3% |
| |||||||
CVS Health Corp. | 8,286 | 623,356 | ||||||
DaVita, Inc.* | 5,130 | 552,860 | ||||||
HCA Healthcare, Inc. | 1,894 | 356,716 | ||||||
Laboratory Corp. of America Holdings* | 1,891 | 482,262 | ||||||
Molina Healthcare, Inc.* | 1,848 | 431,989 | ||||||
Quest Diagnostics, Inc. | 4,716 | 605,251 | ||||||
R1 RCM, Inc.* | 14,059 | 346,976 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 3,399,410 | ||||||
| Health Care Technology – 0.4% |
| |||||||
Cerner Corp. | 8,752 | 629,094 | ||||||
| Hotels, Restaurants & Leisure – 1.7% |
| |||||||
Boyd Gaming Corp.* | 4,332 | 255,415 | ||||||
Chipotle Mexican Grill, Inc.* | 404 | 574,011 | ||||||
Domino’s Pizza, Inc. | 2,225 | 818,333 | ||||||
Penn National Gaming, Inc.* | 2,641 | 276,882 | ||||||
Yum! Brands, Inc. | 5,875 | 635,558 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 2,560,199 | ||||||
| Household Durables – 1.8% |
| |||||||
D.R. Horton, Inc. | 5,343 | 476,168 | ||||||
Lennar Corp. Class A | 4,200 | 425,166 | ||||||
Newell Brands, Inc. | 19,647 | 526,147 | ||||||
PulteGroup, Inc. | 8,250 | 432,630 | ||||||
Tempur Sealy International, Inc. | 8,776 | 320,850 | ||||||
Whirlpool Corp. | 2,077 | 457,667 | ||||||
|
| |||||||
| Total Household Durables |
| 2,638,628 | ||||||
| Household Products – 1.1% |
| |||||||
Clorox Co. (The) | 2,876 | 554,723 | ||||||
Kimberly-Clark Corp. | 3,995 | 555,504 | ||||||
Procter & Gamble Co. (The) | 3,888 | 526,552 | ||||||
|
| |||||||
| Total Household Products |
| 1,636,779 | ||||||
| Independent Power & Renewable Electricity Producers – 0.7% |
| |||||||
AES Corp. (The) | 18,672 | 500,596 | ||||||
Vistra Corp. | 29,719 | 525,432 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 1,026,028 | ||||||
| Industrial Conglomerates – 0.4% |
| |||||||
3M Co. | 3,369 | 649,139 | ||||||
| Insurance – 4.1% |
| |||||||
Allstate Corp. (The) | 11,906 | 1,367,999 | ||||||
Assurant, Inc. | 8,318 | 1,179,243 | ||||||
Hartford Financial Services Group, Inc. (The) | 14,490 | 967,787 | ||||||
Old Republic International Corp. | 46,528 | 1,016,172 | ||||||
Progressive Corp. (The) | 16,188 | 1,547,735 | ||||||
|
| |||||||
| Total Insurance |
| 6,078,936 | ||||||
| Interactive Media & Services – 0.5% |
| |||||||
Snap, Inc. Class A* | 12,981 | 678,776 | ||||||
| Internet & Direct Marketing Retail – 1.0% |
| |||||||
eBay, Inc. | 13,991 | 856,809 | ||||||
Etsy, Inc.* | 1,734 | 349,696 | ||||||
Wayfair, Inc. Class A*(a) | 863 | 271,629 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 1,478,134 | ||||||
| IT Services – 5.5% |
| |||||||
Akamai Technologies, Inc.* | 17,166 | 1,749,215 | ||||||
Black Knight, Inc.* | 23,452 | 1,735,214 | ||||||
Broadridge Financial Solutions, Inc. | 12,442 | 1,904,870 | ||||||
Cognizant Technology Solutions Corp. Class A | 18,607 | 1,453,579 | ||||||
Gartner, Inc.* | 7,372 | 1,345,759 | ||||||
|
| |||||||
| Total IT Services |
| 8,188,637 | ||||||
| Leisure Products – 0.9% |
| |||||||
Brunswick Corp. | 4,127 | 393,592 | ||||||
Mattel, Inc.* | 26,881 | 535,470 | ||||||
Polaris, Inc. | 2,937 | 392,089 | ||||||
|
| |||||||
| Total Leisure Products |
| 1,321,151 | ||||||
| Life Sciences Tools & Services – 3.5% |
| |||||||
Agilent Technologies, Inc. | 4,920 | 625,529 | ||||||
Avantor, Inc.* | 12,515 | 362,059 | ||||||
Bio-Rad Laboratories, Inc. Class A* | 917 | 523,763 | ||||||
Bio-Techne Corp. | 1,487 | 567,930 | ||||||
See Notes to Financial Statements.
| 58 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Multifactor Fund (USMF)
March 31, 2021
| Investments | Shares | Value | ||||||
Charles River Laboratories International, Inc.* | 1,571 | $ | 455,323 | |||||
Mettler-Toledo International, Inc.* | 487 | 562,821 | ||||||
Pacific Biosciences of California, Inc.* | 8,342 | 277,872 | ||||||
PerkinElmer, Inc. | 4,638 | 595,009 | ||||||
Thermo Fisher Scientific, Inc. | 1,321 | 602,878 | ||||||
Waters Corp.* | 2,139 | 607,839 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 5,181,023 | ||||||
| Machinery – 1.7% |
| |||||||
AGCO Corp. | 3,221 | 462,697 | ||||||
Cummins, Inc. | 1,971 | 510,706 | ||||||
Deere & Co. | 1,347 | 503,966 | ||||||
Otis Worldwide Corp. | 9,268 | 634,395 | ||||||
Snap-on, Inc. | 2,076 | 479,016 | ||||||
|
| |||||||
| Total Machinery |
| 2,590,780 | ||||||
| Media – 4.2% |
| |||||||
Discovery, Inc. Class A*(a) | 19,316 | 839,473 | ||||||
Fox Corp. Class A | 29,647 | 1,070,553 | ||||||
New York Times Co. (The) Class A | 30,467 | 1,542,240 | ||||||
News Corp. Class A | 57,681 | 1,466,828 | ||||||
Nexstar Media Group, Inc. Class A | 4,945 | 694,426 | ||||||
ViacomCBS, Inc. Class B | 13,468 | 607,407 | ||||||
|
| |||||||
| Total Media |
| 6,220,927 | ||||||
| Metals & Mining – 0.4% |
| |||||||
Newmont Corp. | 10,653 | 642,056 | ||||||
| Multi-Utilities – 0.5% |
| |||||||
DTE Energy Co. | 5,014 | 667,564 | ||||||
| Multiline Retail – 1.6% |
| |||||||
Dollar General Corp. | 4,333 | 877,952 | ||||||
Dollar Tree, Inc.* | 5,408 | 619,000 | ||||||
Target Corp. | 4,371 | 865,764 | ||||||
|
| |||||||
| Total Multiline Retail |
| 2,362,716 | ||||||
| Oil, Gas & Consumable Fuels – 1.6% |
| |||||||
Targa Resources Corp. | 27,470 | 872,173 | ||||||
Williams Cos., Inc. (The) | 60,874 | 1,442,105 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 2,314,278 | ||||||
| Pharmaceuticals – 1.5% |
| |||||||
Bristol-Myers Squibb Co. | 9,724 | 613,876 | ||||||
Eli Lilly & Co. | 2,536 | 473,776 | ||||||
Merck & Co., Inc. | 7,814 | 602,381 | ||||||
Pfizer, Inc. | 16,379 | 593,411 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 2,283,444 | ||||||
| Professional Services – 2.0% |
| |||||||
Booz Allen Hamilton Holding Corp. | 23,445 | 1,888,026 | ||||||
Jacobs Engineering Group, Inc. | 4,488 | 580,164 | ||||||
Robert Half International, Inc. | 5,701 | 445,077 | ||||||
|
| |||||||
| Total Professional Services |
| 2,913,267 | ||||||
| Real Estate Management & Development – 0.5% |
| |||||||
eXp World Holdings, Inc.*(a) | 6,392 | 291,155 | ||||||
Jones Lang LaSalle, Inc.* | 2,396 | 428,980 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 720,135 | ||||||
| Road & Rail – 1.6% |
| |||||||
AMERCO | 932 | 570,943 | ||||||
JB Hunt Transport Services, Inc. | 3,633 | 610,598 | ||||||
Knight-Swift Transportation Holdings, Inc. | 13,862 | 666,624 | ||||||
Landstar System, Inc. | 3,426 | 565,496 | ||||||
|
| |||||||
| Total Road & Rail |
| 2,413,661 | ||||||
| Semiconductors & Semiconductor Equipment – 2.9% |
| |||||||
Applied Materials, Inc. | 9,080 | 1,213,088 | ||||||
First Solar, Inc.* | 13,643 | 1,191,034 | ||||||
SunPower Corp.* | 20,812 | 696,162 | ||||||
Teradyne, Inc. | 9,874 | 1,201,468 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 4,301,752 | ||||||
| Software – 12.4% |
| |||||||
Aspen Technology, Inc.* | 8,229 | 1,187,691 | ||||||
Citrix Systems, Inc. | 12,480 | 1,751,693 | ||||||
Digital Turbine, Inc.* | 10,193 | 819,109 | ||||||
Dropbox, Inc. Class A* | 56,589 | 1,508,663 | ||||||
Fortinet, Inc.* | 6,878 | 1,268,441 | ||||||
Microsoft Corp. | 6,504 | 1,533,448 | ||||||
MicroStrategy, Inc. Class A*(a) | 1,262 | 856,646 | ||||||
Oracle Corp. | 24,839 | 1,742,953 | ||||||
PTC, Inc.* | 11,123 | 1,531,081 | ||||||
RealPage, Inc.* | 16,178 | 1,410,722 | ||||||
SS&C Technologies Holdings, Inc. | 22,158 | 1,548,179 | ||||||
Trade Desk, Inc. (The) Class A* | 1,163 | 757,881 | ||||||
Tyler Technologies, Inc.* | 4,348 | 1,845,856 | ||||||
Zoom Video Communications, Inc. Class A* | 2,212 | 710,693 | ||||||
|
| |||||||
| Total Software |
| 18,473,056 | ||||||
| Specialty Retail – 3.5% |
| |||||||
AutoNation, Inc.* | 5,797 | 540,396 | ||||||
AutoZone, Inc.* | 533 | 748,492 | ||||||
Best Buy Co., Inc. | 4,961 | 569,572 | ||||||
Dick’s Sporting Goods, Inc. | 6,028 | 459,032 | ||||||
GameStop Corp. Class A* | 1,842 | 349,649 | ||||||
L Brands, Inc. | 5,437 | 336,333 | ||||||
O’Reilly Automotive, Inc.* | 1,369 | 694,425 | ||||||
Tractor Supply Co. | 4,696 | 831,568 | ||||||
Williams-Sonoma, Inc. | 3,511 | 629,171 | ||||||
|
| |||||||
| Total Specialty Retail |
| 5,158,638 | ||||||
| Technology Hardware, Storage & Peripherals – 0.8% |
| |||||||
HP, Inc. | 39,464 | 1,252,982 | ||||||
| Textiles, Apparel & Luxury Goods – 0.6% |
| |||||||
Deckers Outdoor Corp.* | 1,396 | 461,266 | ||||||
Hanesbrands, Inc. | 19,176 | 377,192 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 838,458 | ||||||
| Tobacco – 0.4% |
| |||||||
Altria Group, Inc. | 11,411 | 583,787 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 59 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Multifactor Fund (USMF)
March 31, 2021
| Investments | Shares | Value | ||||||
| Trading Companies & Distributors – 0.7% |
| |||||||
United Rentals, Inc.* | 1,012 | $ | 333,262 | |||||
Watsco, Inc. | 2,523 | 657,872 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 991,134 | ||||||
TOTAL COMMON STOCKS (Cost: $128,710,551) |
| 148,158,654 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% |
| |||||||
| United States – 0.5% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(b) | ||||||||
| (Cost: $773,588) | 773,588 | 773,588 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $129,484,139) |
| 148,932,242 | ||||||
Other Assets less Liabilities – (0.3)% |
| (442,475 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 148,489,767 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,032,196 and the total market value of the collateral held by the Fund was $2,047,649. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,274,061. |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 148,158,654 | $ | — | $ | — | $ | 148,158,654 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 773,588 | — | 773,588 | ||||||||||||
Total Investments in Securities | $ | 148,158,654 | $ | 773,588 | $ | — | $ | 148,932,242 | ||||||||
See Notes to Financial Statements.
| 60 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.8% |
| |||||||
| United States – 99.8% |
| |||||||
| Aerospace & Defense – 1.6% |
| |||||||
BWX Technologies, Inc. | 30,857 | $ | 2,034,711 | |||||
Curtiss-Wright Corp. | 3,647 | 432,534 | ||||||
General Dynamics Corp. | 202,285 | 36,726,865 | ||||||
HEICO Corp. | 2,486 | 312,739 | ||||||
Huntington Ingalls Industries, Inc. | 23,494 | 4,836,240 | ||||||
L3Harris Technologies, Inc. | 92,986 | 18,846,402 | ||||||
Northrop Grumman Corp. | 79,454 | 25,714,492 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 88,903,983 | ||||||
| Air Freight & Logistics – 1.8% |
| |||||||
C.H. Robinson Worldwide, Inc. | 74,427 | 7,102,569 | ||||||
Expeditors International of Washington, Inc. | 49,600 | 5,341,424 | ||||||
FedEx Corp. | 57,640 | 16,372,066 | ||||||
United Parcel Service, Inc. Class B | 414,141 | 70,399,828 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 99,215,887 | ||||||
| Auto Components – 0.2% |
| |||||||
BorgWarner, Inc. | 109,289 | 5,066,638 | ||||||
Gentex Corp. | 93,271 | 3,326,977 | ||||||
LCI Industries | 12,237 | 1,618,710 | ||||||
Lear Corp. | 7,703 | 1,396,169 | ||||||
|
| |||||||
| Total Auto Components |
| 11,408,494 | ||||||
| Automobiles – 0.1% |
| |||||||
Thor Industries, Inc. | 25,616 | 3,451,500 | ||||||
| Banks – 0.4% |
| |||||||
East West Bancorp, Inc. | 83,676 | 6,175,289 | ||||||
First Republic Bank | 23,838 | 3,974,986 | ||||||
Signature Bank | 25,106 | 5,676,467 | ||||||
Western Alliance Bancorp | 43,599 | 4,117,489 | ||||||
|
| |||||||
| Total Banks |
| 19,944,231 | ||||||
| Beverages – 6.2% |
| |||||||
Brown-Forman Corp. Class B | 104,814 | 7,229,022 | ||||||
Coca-Cola Co. (The) | 3,201,314 | 168,741,261 | ||||||
Constellation Brands, Inc. Class A | 60,780 | 13,857,840 | ||||||
Keurig Dr. Pepper, Inc. | 677,244 | 23,276,876 | ||||||
PepsiCo, Inc. | 944,558 | 133,607,729 | ||||||
|
| |||||||
| Total Beverages |
| 346,712,728 | ||||||
| Biotechnology – 1.6% |
| |||||||
Amgen, Inc. | 368,545 | 91,697,681 | ||||||
| Building Products – 0.3% |
| |||||||
A.O. Smith Corp. | 64,659 | 4,371,595 | ||||||
AAON, Inc. | 4,084 | 285,921 | ||||||
Advanced Drainage Systems, Inc. | 4,945 | 511,264 | ||||||
Armstrong World Industries, Inc. | 11,888 | 1,070,990 | ||||||
Fortune Brands Home & Security, Inc. | 41,526 | 3,979,021 | ||||||
Owens Corning | 30,195 | 2,780,657 | ||||||
Simpson Manufacturing Co., Inc. | 13,435 | 1,393,613 | ||||||
UFP Industries, Inc. | 9,030 | 684,835 | ||||||
|
| |||||||
| Total Building Products |
| 15,077,896 | ||||||
| Capital Markets – 2.5% |
| |||||||
Ameriprise Financial, Inc. | 63,077 | 14,662,249 | ||||||
Ares Management Corp. Class A | 115,280 | 6,459,138 | ||||||
CBOE Global Markets, Inc. | 47,931 | 4,730,310 | ||||||
CME Group, Inc. | 164,748 | 33,646,484 | ||||||
Cohen & Steers, Inc. | 20,314 | 1,327,114 | ||||||
Evercore, Inc. Class A | 21,059 | 2,774,313 | ||||||
FactSet Research Systems, Inc. | 8,700 | 2,684,733 | ||||||
Houlihan Lokey, Inc. | 19,417 | 1,291,425 | ||||||
Intercontinental Exchange, Inc. | 150,600 | 16,819,008 | ||||||
LPL Financial Holdings, Inc. | 22,053 | 3,135,054 | ||||||
MarketAxess Holdings, Inc. | 4,466 | 2,223,711 | ||||||
Morningstar, Inc. | 7,279 | 1,638,066 | ||||||
Nasdaq, Inc. | 59,488 | 8,772,100 | ||||||
S&P Global, Inc. | 46,925 | 16,558,425 | ||||||
SEI Investments Co. | 38,635 | 2,354,030 | ||||||
T. Rowe Price Group, Inc. | 131,103 | 22,497,275 | ||||||
|
| |||||||
| Total Capital Markets |
| 141,573,435 | ||||||
| Chemicals – 1.9% |
| |||||||
Air Products & Chemicals, Inc. | 105,558 | 29,697,688 | ||||||
Albemarle Corp. | 26,552 | 3,879,513 | ||||||
Avient Corp. | 41,791 | 1,975,461 | ||||||
Balchem Corp. | 2,290 | 287,189 | ||||||
Celanese Corp. | 55,143 | 8,260,973 | ||||||
Ecolab, Inc. | 59,528 | 12,743,159 | ||||||
FMC Corp. | 49,391 | 5,463,138 | ||||||
Mosaic Co. (The) | 81,934 | 2,589,934 | ||||||
NewMarket Corp. | 4,541 | 1,726,307 | ||||||
PPG Industries, Inc. | 87,625 | 13,166,532 | ||||||
RPM International, Inc. | 57,878 | 5,316,094 | ||||||
Scotts Miracle-Gro Co. (The) | 18,842 | 4,615,725 | ||||||
Sensient Technologies Corp. | 18,248 | 1,423,344 | ||||||
Sherwin-Williams Co. (The) | 16,656 | 12,292,294 | ||||||
W.R. Grace & Co. | 30,121 | 1,803,043 | ||||||
Westlake Chemical Corp. | 36,574 | 3,247,405 | ||||||
|
| |||||||
| Total Chemicals |
| 108,487,799 | ||||||
| Commercial Services & Supplies – 1.0% |
| |||||||
Brink’s Co. (The) | 8,913 | 706,177 | ||||||
Cintas Corp. | 25,035 | 8,544,696 | ||||||
MSA Safety, Inc. | 12,234 | 1,835,345 | ||||||
Republic Services, Inc. | 137,600 | 13,670,560 | ||||||
Rollins, Inc. | 75,437 | 2,596,541 | ||||||
Tetra Tech, Inc. | 9,817 | 1,332,363 | ||||||
UniFirst Corp. | 1,276 | 285,454 | ||||||
Waste Management, Inc. | 191,249 | 24,674,946 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 53,646,082 | ||||||
| Communications Equipment – 2.8% |
| |||||||
Cisco Systems, Inc. | 3,002,073 | 155,237,195 | ||||||
| Construction & Engineering – 0.0% |
| |||||||
EMCOR Group, Inc. | 7,045 | 790,167 | ||||||
Valmont Industries, Inc. | 6,942 | 1,649,905 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 2,440,072 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 61 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
March 31, 2021
| Investments | Shares | Value | ||||||
| Construction Materials – 0.2% |
| |||||||
Martin Marietta Materials, Inc. | 12,801 | $ | 4,298,832 | |||||
Vulcan Materials Co. | 29,315 | 4,946,906 | ||||||
|
| |||||||
| Total Construction Materials |
| 9,245,738 | ||||||
| Consumer Finance – 0.2% |
| |||||||
OneMain Holdings, Inc. | 141,530 | 7,602,992 | ||||||
SLM Corp. | 110,955 | 1,993,861 | ||||||
|
| |||||||
| Total Consumer Finance |
| 9,596,853 | ||||||
| Containers & Packaging – 0.7% |
| |||||||
AptarGroup, Inc. | 18,076 | 2,560,827 | ||||||
Avery Dennison Corp. | 34,878 | 6,405,345 | ||||||
Graphic Packaging Holding Co. | 135,210 | 2,455,413 | ||||||
International Paper Co. | 398,117 | 21,526,186 | ||||||
Packaging Corp. of America | 55,052 | 7,403,393 | ||||||
Silgan Holdings, Inc. | 28,770 | 1,209,203 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 41,560,367 | ||||||
| Distributors – 0.0% |
| |||||||
Pool Corp. | 7,398 | 2,554,086 | ||||||
| Diversified Consumer Services – 0.1% |
| |||||||
Service Corp. International | 75,814 | 3,870,305 | ||||||
| Diversified Financial Services – 0.0% |
| |||||||
Voya Financial, Inc. | 31,682 | 2,016,242 | ||||||
| Diversified Telecommunication Services – 4.3% |
| |||||||
Verizon Communications, Inc. | 4,163,400 | 242,101,710 | ||||||
| Electric Utilities – 1.2% |
| |||||||
NextEra Energy, Inc. | 892,349 | 67,470,508 | ||||||
| Electrical Equipment – 1.1% |
| |||||||
Acuity Brands, Inc. | 2,045 | 337,425 | ||||||
AMETEK, Inc. | 38,244 | 4,884,906 | ||||||
Emerson Electric Co. | 355,537 | 32,076,548 | ||||||
EnerSys | 5,353 | 486,052 | ||||||
Hubbell, Inc. | 31,926 | 5,966,650 | ||||||
Regal Beloit Corp. | 12,163 | 1,735,417 | ||||||
Rockwell Automation, Inc. | 49,479 | 13,133,706 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 58,620,704 | ||||||
| Electronic Equipment, Instruments & Components – 0.3% |
| |||||||
Amphenol Corp. Class A | 123,426 | 8,142,413 | ||||||
Avnet, Inc. | 49,122 | 2,039,054 | ||||||
CDW Corp. | 35,971 | 5,962,193 | ||||||
Cognex Corp. | 12,600 | 1,045,674 | ||||||
Dolby Laboratories, Inc. Class A | 16,230 | 1,602,226 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 18,791,560 | ||||||
| Entertainment – 0.2% |
| |||||||
Activision Blizzard, Inc. | 94,009 | 8,742,837 | ||||||
Electronic Arts, Inc. | 36,750 | 4,974,848 | ||||||
|
| |||||||
| Total Entertainment |
| 13,717,685 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 0.5% |
| |||||||
Healthcare Realty Trust, Inc. | 132,840 | 4,027,709 | ||||||
Lamar Advertising Co. Class A | 49,587 | 4,657,211 | ||||||
PotlatchDeltic Corp. | 48,565 | 2,570,060 | ||||||
Weyerhaeuser Co. | 392,628 | 13,977,556 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 25,232,536 | ||||||
| Food & Staples Retailing – 0.8% |
| |||||||
Casey’s General Stores, Inc. | 7,273 | 1,572,350 | ||||||
Costco Wholesale Corp. | 79,889 | 28,159,275 | ||||||
Kroger Co. (The) | 419,400 | 15,094,206 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 44,825,831 | ||||||
| Food Products – 2.3% |
| |||||||
Campbell Soup Co. | 210,011 | 10,557,253 | ||||||
Conagra Brands, Inc. | 358,261 | 13,470,614 | ||||||
General Mills, Inc. | 501,083 | 30,726,409 | ||||||
Hershey Co. (The) | 76,874 | 12,158,392 | ||||||
Hormel Foods Corp. | 269,193 | 12,862,041 | ||||||
Ingredion, Inc. | 50,405 | 4,532,418 | ||||||
Kellogg Co. | 303,167 | 19,190,471 | ||||||
Lancaster Colony Corp. | 13,055 | 2,289,325 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 90,451 | 8,064,611 | ||||||
Tyson Foods, Inc. Class A | 182,039 | 13,525,498 | ||||||
|
| |||||||
| Total Food Products |
| 127,377,032 | ||||||
| Health Care Equipment & Supplies – 1.0% |
| |||||||
Baxter International, Inc. | 147,963 | 12,479,199 | ||||||
Cooper Cos., Inc. (The) | 683 | 262,334 | ||||||
Danaher Corp. | 50,971 | 11,472,553 | ||||||
ResMed, Inc. | 25,890 | 5,023,178 | ||||||
Stryker Corp. | 84,202 | 20,509,923 | ||||||
Teleflex, Inc. | 3,870 | 1,607,830 | ||||||
West Pharmaceutical Services, Inc. | 5,263 | 1,483,008 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 52,838,025 | ||||||
| Health Care Providers & Services – 2.9% |
| |||||||
Anthem, Inc. | 68,570 | 24,613,202 | ||||||
Chemed Corp. | 1,027 | 472,235 | ||||||
Cigna Corp. | 2,779 | 671,795 | ||||||
Ensign Group, Inc. (The) | 3,425 | 321,402 | ||||||
Humana, Inc. | 18,216 | 7,637,058 | ||||||
Quest Diagnostics, Inc. | 56,517 | 7,253,392 | ||||||
UnitedHealth Group, Inc. | 317,203 | 118,021,720 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 158,990,804 | ||||||
| Health Care Technology – 0.1% |
| |||||||
Cerner Corp. | 69,561 | 5,000,045 | ||||||
| Hotels, Restaurants & Leisure – 0.0% |
| |||||||
Churchill Downs, Inc. | 3,591 | 816,665 | ||||||
Wendy’s Co. (The) | 79,712 | 1,614,965 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 2,431,630 | ||||||
| Household Durables – 0.5% |
| |||||||
D.R. Horton, Inc. | 101,482 | 9,044,076 | ||||||
KB Home | 30,683 | 1,427,680 | ||||||
Lennar Corp. Class A | 101,024 | 10,226,659 | ||||||
MDC Holdings, Inc. | 50,619 | 3,006,769 | ||||||
PulteGroup, Inc. | 68,578 | 3,596,230 | ||||||
Toll Brothers, Inc. | 29,104 | 1,651,070 | ||||||
|
| |||||||
| Total Household Durables |
| 28,952,484 | ||||||
See Notes to Financial Statements.
| 62 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
March 31, 2021
| Investments | Shares | Value | ||||||
| Household Products – 3.8% |
| |||||||
Church & Dwight Co., Inc. | 69,797 | $ | 6,096,768 | |||||
Clorox Co. (The) | 67,966 | 13,109,282 | ||||||
Energizer Holdings, Inc. | 40,543 | 1,924,171 | ||||||
Procter & Gamble Co. (The) | 1,389,829 | 188,224,541 | ||||||
Spectrum Brands Holdings, Inc. | 21,280 | 1,808,800 | ||||||
WD-40 Co. | 2,353 | 720,442 | ||||||
|
| |||||||
| Total Household Products |
| 211,884,004 | ||||||
| Independent Power & Renewable Electricity Producers – 0.1% |
| |||||||
Clearway Energy, Inc. Class C | 104,259 | 2,933,848 | ||||||
Ormat Technologies, Inc. | 10,065 | 790,405 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 3,724,253 | ||||||
| Industrial Conglomerates – 2.9% |
| |||||||
3M Co. | 472,248 | 90,992,745 | ||||||
Carlisle Cos., Inc. | 17,187 | 2,828,636 | ||||||
Honeywell International, Inc. | 293,653 | 63,743,257 | ||||||
Roper Technologies, Inc. | 14,083 | 5,680,237 | ||||||
|
| |||||||
| Total Industrial Conglomerates |
| 163,244,875 | ||||||
| Insurance – 2.2% |
| |||||||
Allstate Corp. (The) | 154,283 | 17,727,117 | ||||||
Arthur J. Gallagher & Co. | 71,519 | 8,923,426 | ||||||
Assurant, Inc. | 29,323 | 4,157,122 | ||||||
Brown & Brown, Inc. | 61,690 | 2,819,850 | ||||||
Erie Indemnity Co. Class A | 19,454 | 4,297,583 | ||||||
Fidelity National Financial, Inc. | 271,377 | 11,034,189 | ||||||
Globe Life, Inc. | 17,377 | 1,679,139 | ||||||
Hartford Financial Services Group, Inc. (The) | 241,871 | 16,154,564 | ||||||
Marsh & McLennan Cos., Inc. | 198,697 | 24,201,295 | ||||||
Primerica, Inc. | 9,344 | 1,381,230 | ||||||
Progressive Corp. (The) | 60,499 | 5,784,309 | ||||||
Selective Insurance Group, Inc. | 18,059 | 1,310,000 | ||||||
Travelers Cos., Inc. (The) | 155,326 | 23,361,030 | ||||||
W.R. Berkley Corp. | 27,801 | 2,094,805 | ||||||
|
| |||||||
| Total Insurance |
| 124,925,659 | ||||||
| Internet & Direct Marketing Retail – 0.2% |
| |||||||
eBay, Inc. | 220,886 | 13,527,059 | ||||||
| IT Services – 3.5% |
| |||||||
Automatic Data Processing, Inc. | 201,676 | 38,009,876 | ||||||
Broadridge Financial Solutions, Inc. | 40,549 | 6,208,052 | ||||||
Cognizant Technology Solutions Corp. Class A | 133,097 | 10,397,538 | ||||||
Fidelity National Information Services, Inc. | 131,608 | 18,505,401 | ||||||
Global Payments, Inc. | 29,141 | 5,874,243 | ||||||
Jack Henry & Associates, Inc. | 17,090 | 2,592,895 | ||||||
MasterCard, Inc. Class A | 105,976 | 37,732,755 | ||||||
MAXIMUS, Inc. | 21,764 | 1,937,866 | ||||||
Paychex, Inc. | 216,879 | 21,258,479 | ||||||
TTEC Holdings, Inc. | 7,817 | 785,218 | ||||||
Visa, Inc. Class A(a) | 231,280 | 48,968,914 | ||||||
|
| |||||||
| Total IT Services |
| 192,271,237 | ||||||
| Leisure Products – 0.3% |
| |||||||
Hasbro, Inc. | 97,885 | 9,408,706 | ||||||
Polaris, Inc. | 42,194 | 5,632,899 | ||||||
|
| |||||||
| Total Leisure Products |
| 15,041,605 | ||||||
| Life Sciences Tools & Services – 0.3% |
| |||||||
Agilent Technologies, Inc. | 46,949 | 5,969,096 | ||||||
Bio-Techne Corp. | 2,739 | 1,046,106 | ||||||
Bruker Corp. | 12,593 | 809,478 | ||||||
Thermo Fisher Scientific, Inc. | 17,094 | 7,801,360 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 15,626,040 | ||||||
| Machinery – 4.6% |
| |||||||
AGCO Corp. | 15,413 | 2,214,077 | ||||||
Allison Transmission Holdings, Inc. | 42,766 | 1,746,136 | ||||||
Altra Industrial Motion Corp. | 4,740 | 262,217 | ||||||
Caterpillar, Inc. | 301,598 | 69,931,528 | ||||||
Cummins, Inc. | 89,069 | 23,078,669 | ||||||
Deere & Co. | 90,523 | 33,868,275 | ||||||
Donaldson Co., Inc. | 50,578 | 2,941,616 | ||||||
Dover Corp. | 58,651 | 8,042,812 | ||||||
Franklin Electric Co., Inc. | 6,091 | 480,824 | ||||||
Graco, Inc. | 44,034 | 3,153,715 | ||||||
Hillenbrand, Inc. | 32,992 | 1,574,048 | ||||||
IDEX Corp. | 20,141 | 4,215,914 | ||||||
Illinois Tool Works, Inc. | 171,744 | 38,044,731 | ||||||
John Bean Technologies Corp. | 2,106 | 280,814 | ||||||
Lincoln Electric Holdings, Inc. | 26,311 | 3,234,674 | ||||||
Nordson Corp. | 12,248 | 2,433,433 | ||||||
Oshkosh Corp. | 26,729 | 3,171,663 | ||||||
PACCAR, Inc. | 125,652 | 11,675,584 | ||||||
Parker-Hannifin Corp. | 40,649 | 12,821,914 | ||||||
Snap-on, Inc. | 38,126 | 8,797,193 | ||||||
Stanley Black & Decker, Inc. | 63,027 | 12,584,601 | ||||||
Toro Co. (The) | 30,584 | 3,154,434 | ||||||
Watts Water Technologies, Inc. Class A | 2,999 | 356,311 | ||||||
Woodward, Inc. | 5,966 | 719,679 | ||||||
Xylem, Inc. | 48,379 | 5,088,503 | ||||||
|
| |||||||
| Total Machinery |
| 253,873,365 | ||||||
| Media – 2.1% |
| |||||||
Cable One, Inc. | 688 | 1,257,912 | ||||||
Comcast Corp. Class A | 2,002,313 | 108,345,156 | ||||||
News Corp. Class A | 174,100 | 4,427,363 | ||||||
Nexstar Media Group, Inc. Class A | 20,982 | 2,946,502 | ||||||
|
| |||||||
| Total Media |
| 116,976,933 | ||||||
| Metals & Mining – 0.4% |
| |||||||
Nucor Corp. | 201,676 | 16,188,533 | ||||||
Steel Dynamics, Inc. | 134,160 | 6,809,962 | ||||||
United States Steel Corp. | 14,406 | 377,005 | ||||||
Worthington Industries, Inc. | 20,649 | 1,385,341 | ||||||
|
| |||||||
| Total Metals & Mining |
| 24,760,841 | ||||||
| Multiline Retail – 0.8% |
| |||||||
Dollar General Corp. | 43,001 | 8,712,862 | ||||||
Target Corp. | 192,269 | 38,082,721 | ||||||
|
| |||||||
| Total Multiline Retail |
| 46,795,583 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 63 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
March 31, 2021
| Investments | Shares | Value | ||||||
| Oil, Gas & Consumable Fuels – 0.4% |
| |||||||
Cabot Oil & Gas Corp. | 210,537 | $ | 3,953,885 | |||||
Diamondback Energy, Inc. | 116,660 | 8,573,344 | ||||||
Pioneer Natural Resources Co. | 72,982 | 11,591,001 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 24,118,230 | ||||||
| Paper & Forest Products – 0.0% |
| |||||||
Louisiana-Pacific Corp. | 31,584 | 1,751,649 | ||||||
| Personal Products – 0.3% |
| |||||||
Estee Lauder Cos., Inc. (The) Class A | 49,197 | 14,308,947 | ||||||
| Pharmaceuticals – 13.2% |
| |||||||
Bristol-Myers Squibb Co. | 1,506,751 | 95,121,191 | ||||||
Eli Lilly & Co. | 395,004 | 73,794,647 | ||||||
Johnson & Johnson | 1,559,801 | 256,353,295 | ||||||
Merck & Co., Inc. | 1,772,323 | 136,628,380 | ||||||
Pfizer, Inc. | 4,603,745 | 166,793,681 | ||||||
Zoetis, Inc. | 54,779 | 8,626,597 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 737,317,791 | ||||||
| Professional Services – 0.5% |
| |||||||
Booz Allen Hamilton Holding Corp. | 48,262 | 3,886,539 | ||||||
Equifax, Inc. | 25,583 | 4,633,849 | ||||||
Exponent, Inc. | 10,991 | 1,071,073 | ||||||
Insperity, Inc. | 14,099 | 1,180,650 | ||||||
KBR, Inc. | 43,358 | 1,664,513 | ||||||
Leidos Holdings, Inc. | 42,424 | 4,084,583 | ||||||
Robert Half International, Inc. | 53,929 | 4,210,237 | ||||||
Science Applications International Corp. | 19,942 | 1,666,952 | ||||||
TransUnion | 15,380 | 1,384,200 | ||||||
Verisk Analytics, Inc. | 23,107 | 4,082,776 | ||||||
|
| |||||||
| Total Professional Services |
| 27,865,372 | ||||||
| Road & Rail – 2.3% |
| |||||||
CSX Corp. | 214,345 | 20,667,145 | ||||||
JB Hunt Transport Services, Inc. | 21,666 | 3,641,405 | ||||||
Kansas City Southern | 21,475 | 5,667,682 | ||||||
Landstar System, Inc. | 6,166 | 1,017,760 | ||||||
Norfolk Southern Corp. | 98,777 | 26,523,600 | ||||||
Old Dominion Freight Line, Inc. | 9,750 | 2,343,997 | ||||||
Union Pacific Corp. | 310,916 | 68,528,996 | ||||||
Werner Enterprises, Inc. | 8,396 | 396,039 | ||||||
|
| |||||||
| Total Road & Rail |
| 128,786,624 | ||||||
| Semiconductors & Semiconductor Equipment – 7.7% |
| |||||||
Analog Devices, Inc. | 142,721 | 22,133,173 | ||||||
Applied Materials, Inc. | 200,251 | 26,753,534 | ||||||
Brooks Automation, Inc. | 11,005 | 898,558 | ||||||
CMC Materials, Inc. | 7,611 | 1,345,549 | ||||||
Entegris, Inc. | 11,424 | 1,277,203 | ||||||
Intel Corp. | 2,375,407 | 152,026,048 | ||||||
KLA Corp. | 47,825 | 15,801,380 | ||||||
Lam Research Corp. | 33,518 | 19,951,254 | ||||||
Microchip Technology, Inc. | 57,273 | 8,889,915 | ||||||
MKS Instruments, Inc. | 7,995 | 1,482,433 | ||||||
Monolithic Power Systems, Inc. | 7,184 | 2,537,461 | ||||||
NVIDIA Corp. | 16,985 | 9,068,801 | ||||||
Power Integrations, Inc. | 4,467 | 363,971 | ||||||
QUALCOMM, Inc. | 438,854 | 58,187,652 | ||||||
Skyworks Solutions, Inc. | 52,209 | 9,579,307 | ||||||
Teradyne, Inc. | 14,640 | 1,781,395 | ||||||
Texas Instruments, Inc. | 507,065 | 95,830,214 | ||||||
Universal Display Corp. | 2,695 | 638,095 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 428,545,943 | ||||||
| Software – 6.6% |
| |||||||
Citrix Systems, Inc. | 26,570 | 3,729,365 | ||||||
Intuit, Inc. | 37,615 | 14,408,802 | ||||||
Microsoft Corp. | 1,139,943 | 268,764,361 | ||||||
NortonLifeLock, Inc. | 336,389 | 7,151,630 | ||||||
Oracle Corp. | 1,037,937 | 72,832,040 | ||||||
|
| |||||||
| Total Software |
| 366,886,198 | ||||||
| Specialty Retail – 1.7% |
| |||||||
Advance Auto Parts, Inc. | 8,704 | 1,597,097 | ||||||
Best Buy Co., Inc. | 133,651 | 15,344,471 | ||||||
Dick’s Sporting Goods, Inc. | 42,452 | 3,232,720 | ||||||
Foot Locker, Inc. | 29,670 | 1,668,938 | ||||||
Lithia Motors, Inc. Class A | 3,061 | 1,194,066 | ||||||
Lowe’s Cos., Inc. | 269,496 | 51,252,749 | ||||||
Murphy USA, Inc. | 3,513 | 507,839 | ||||||
Penske Automotive Group, Inc. | 60,908 | 4,887,258 | ||||||
Tractor Supply Co. | 34,198 | 6,055,782 | ||||||
Williams-Sonoma, Inc. | 39,556 | 7,088,435 | ||||||
|
| |||||||
| Total Specialty Retail |
| 92,829,355 | ||||||
| Technology Hardware, Storage & Peripherals – 4.5% |
| |||||||
Apple, Inc. | 1,985,237 | 242,496,700 | ||||||
NetApp, Inc. | 145,257 | 10,555,826 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 253,052,526 | ||||||
| Textiles, Apparel & Luxury Goods – 0.7% |
| |||||||
Hanesbrands, Inc. | 380,966 | 7,493,601 | ||||||
NIKE, Inc. Class B | 243,418 | 32,347,818 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 39,841,419 | ||||||
| Thrifts & Mortgage Finance – 0.1% |
| |||||||
MGIC Investment Corp. | 140,795 | 1,950,011 | ||||||
PennyMac Financial Services, Inc. | 13,353 | 892,915 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 2,842,926 | ||||||
| Tobacco – 3.3% |
| |||||||
Altria Group, Inc. | 3,603,802 | 184,370,510 | ||||||
| Trading Companies & Distributors – 0.5% |
| |||||||
Air Lease Corp. | 39,157 | 1,918,693 | ||||||
Fastenal Co. | 285,679 | 14,363,940 | ||||||
GATX Corp. | 15,894 | 1,474,010 | ||||||
MSC Industrial Direct Co., Inc. Class A | 35,937 | 3,241,158 | ||||||
W.W. Grainger, Inc. | 20,182 | 8,091,569 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 29,089,370 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.8% (Cost: $4,435,280,207) |
| 5,567,249,442 | ||||||
Other Assets less Liabilities – 0.2% |
| 9,397,846 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 5,576,647,288 | |||||
See Notes to Financial Statements.
| 64 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
March��31, 2021
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $43,958,536 and the total market value of the collateral held by the Fund was $44,877,474 which was entirely composed of non-cash U.S. Government securities. |
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 5,567,249,442 | $ | — | $ | — | $ | 5,567,249,442 | ||||||||
Total Investments in Securities | $ | 5,567,249,442 | $ | — | $ | — | $ | 5,567,249,442 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 65 |
Table of Contents
Schedule of Investments
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.9% |
| |||||||
| United States – 99.9% |
| |||||||
| Aerospace & Defense – 1.3% |
| |||||||
Huntington Ingalls Industries, Inc. | 1,992 | $ | 410,053 | |||||
Lockheed Martin Corp. | 871 | 321,835 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 731,888 | ||||||
| Auto Components – 0.6% |
| |||||||
Gentex Corp. | 9,644 | 344,001 | ||||||
| Banks – 5.4% |
| |||||||
Bank of America Corp. | 11,281 | 436,462 | ||||||
Citigroup, Inc. | 5,619 | 408,782 | ||||||
East West Bancorp, Inc. | 7,798 | 575,492 | ||||||
JPMorgan Chase & Co. | 2,169 | 330,187 | ||||||
People’s United Financial, Inc. | 57,884 | 1,036,124 | ||||||
U.S. Bancorp | 3,071 | 169,857 | ||||||
Western Alliance Bancorp | 2,135 | 201,629 | ||||||
|
| |||||||
| Total Banks |
| 3,158,533 | ||||||
| Biotechnology – 3.2% |
| |||||||
Amgen, Inc. | 1,817 | 452,088 | ||||||
Biogen, Inc.* | 520 | 145,470 | ||||||
Gilead Sciences, Inc. | 7,607 | 491,640 | ||||||
Halozyme Therapeutics, Inc.*(a) | 8,813 | 367,414 | ||||||
Regeneron Pharmaceuticals, Inc.* | 911 | 431,031 | ||||||
|
| |||||||
| Total Biotechnology |
| 1,887,643 | ||||||
| Building Products – 2.5% |
| |||||||
A.O. Smith Corp. | 6,597 | 446,023 | ||||||
Masco Corp. | 7,410 | 443,859 | ||||||
Owens Corning | 6,261 | 576,576 | ||||||
|
| |||||||
| Total Building Products |
| 1,466,458 | ||||||
| Capital Markets – 6.3% |
| |||||||
Ameriprise Financial, Inc. | 2,234 | 519,293 | ||||||
CBOE Global Markets, Inc. | 4,186 | 413,116 | ||||||
Goldman Sachs Group, Inc. (The) | 2,362 | 772,374 | ||||||
LPL Financial Holdings, Inc. | 2,978 | 423,353 | ||||||
Morgan Stanley | 7,400 | 574,684 | ||||||
Raymond James Financial, Inc. | 3,208 | 393,173 | ||||||
SEI Investments Co. | 2,453 | 149,461 | ||||||
T. Rowe Price Group, Inc. | 2,587 | 443,929 | ||||||
|
| |||||||
| Total Capital Markets |
| 3,689,383 | ||||||
| Chemicals – 1.1% |
| |||||||
Celanese Corp. | 4,444 | 665,756 | ||||||
| Communications Equipment – 3.5% |
| |||||||
Cisco Systems, Inc. | 12,894 | 666,749 | ||||||
Juniper Networks, Inc. | 34,146 | 864,918 | ||||||
Lumentum Holdings, Inc.* | 2,714 | 247,924 | ||||||
Motorola Solutions, Inc. | 1,444 | 271,544 | ||||||
|
| |||||||
| Total Communications Equipment |
| 2,051,135 | ||||||
| Consumer Finance – 2.0% |
| |||||||
Credit Acceptance Corp.*(a) | 2,005 | 722,261 | ||||||
Synchrony Financial | 11,475 | 466,574 | ||||||
|
| |||||||
| Total Consumer Finance |
| 1,188,835 | ||||||
| Containers & Packaging – 0.4% |
| |||||||
Sonoco Products Co. | 3,764 | 238,261 | ||||||
| Diversified Consumer Services – 0.8% |
| |||||||
Service Corp. International | 9,245 | 471,957 | ||||||
| Diversified Financial Services – 2.8% |
| |||||||
Berkshire Hathaway, Inc. Class B* | 2,436 | 622,325 | ||||||
Jefferies Financial Group, Inc. | 17,164 | 516,636 | ||||||
Voya Financial, Inc. | 7,932 | 504,793 | ||||||
|
| |||||||
| Total Diversified Financial Services |
| 1,643,754 | ||||||
| Diversified Telecommunication Services – 2.2% |
| |||||||
Lumen Technologies, Inc. | 72,742 | 971,105 | ||||||
Verizon Communications, Inc. | 5,026 | 292,262 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 1,263,367 | ||||||
| Electric Utilities – 1.5% |
| |||||||
NRG Energy, Inc. | 15,028 | 567,006 | ||||||
Pinnacle West Capital Corp. | 3,630 | 295,301 | ||||||
|
| |||||||
| Total Electric Utilities |
| 862,307 | ||||||
| Electronic Equipment, Instruments & Components – 1.0% |
| |||||||
Arrow Electronics, Inc.* | 5,225 | 579,034 | ||||||
| Energy Equipment & Services – 0.5% |
| |||||||
Baker Hughes Co. | 12,852 | 277,732 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 5.1% |
| |||||||
Essex Property Trust, Inc. | 1,431 | 389,003 | ||||||
Gaming and Leisure Properties, Inc. | 11,201 | 475,258 | ||||||
Kimco Realty Corp. | 25,254 | 473,512 | ||||||
National Retail Properties, Inc. | 16,929 | 746,061 | ||||||
Simon Property Group, Inc. | 7,876 | 896,053 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 2,979,887 | ||||||
| Food & Staples Retailing – 0.8% |
| |||||||
Kroger Co. (The) | 13,681 | 492,379 | ||||||
| Food Products – 0.9% |
| |||||||
J.M. Smucker Co. (The) | 1,969 | 249,138 | ||||||
Tyson Foods, Inc. Class A | 3,501 | 260,124 | ||||||
|
| |||||||
| Total Food Products |
| 509,262 | ||||||
| Gas Utilities – 0.6% |
| |||||||
UGI Corp. | 8,765 | 359,453 | ||||||
| Health Care Equipment & Supplies – 0.4% |
| |||||||
Hologic, Inc.* | 3,263 | 242,702 | ||||||
| Health Care Providers & Services – 4.5% |
| |||||||
Anthem, Inc. | 716 | 257,008 | ||||||
DaVita, Inc.* | 8,361 | 901,065 | ||||||
Humana, Inc. | 1,268 | 531,609 | ||||||
McKesson Corp. | 1,353 | 263,889 | ||||||
Molina Healthcare, Inc.* | 1,529 | 357,419 | ||||||
Universal Health Services, Inc. Class B | 2,153 | 287,189 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 2,598,179 | ||||||
| Health Care Technology – 0.5% |
| |||||||
Cerner Corp. | 4,258 | 306,065 | ||||||
| Hotels, Restaurants & Leisure – 0.6% |
| |||||||
Domino’s Pizza, Inc. | 981 | 360,802 | ||||||
See Notes to Financial Statements.
| 66 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
March 31, 2021
| Investments | Shares | Value | ||||||
| Household Durables – 3.4% |
| |||||||
Newell Brands, Inc. | 15,848 | $ | 424,410 | |||||
Tempur Sealy International, Inc. | 13,229 | 483,652 | ||||||
Toll Brothers, Inc. | 13,934 | 790,476 | ||||||
Whirlpool Corp. | 1,344 | 296,150 | ||||||
|
| |||||||
| Total Household Durables |
| 1,994,688 | ||||||
| Household Products – 1.0% |
| |||||||
Kimberly-Clark Corp. | 2,203 | 306,327 | ||||||
Procter & Gamble Co. (The) | 1,925 | 260,703 | ||||||
|
| |||||||
| Total Household Products |
| 567,030 | ||||||
| Industrial Conglomerates – 0.5% |
| |||||||
Carlisle Cos., Inc. | 1,624 | 267,278 | ||||||
| Insurance – 4.7% |
| |||||||
Aflac, Inc. | 11,975 | 612,881 | ||||||
Allstate Corp. (The) | 7,242 | 832,106 | ||||||
Assurant, Inc. | 2,959 | 419,497 | ||||||
Old Republic International Corp. | 21,763 | 475,304 | ||||||
Travelers Cos., Inc. (The) | 2,745 | 412,848 | ||||||
|
| |||||||
| Total Insurance |
| 2,752,636 | ||||||
| Internet & Direct Marketing Retail – 1.9% |
| |||||||
eBay, Inc. | 18,032 | 1,104,280 | ||||||
| IT Services – 3.0% |
| |||||||
Cognizant Technology Solutions Corp. Class A | 6,865 | 536,294 | ||||||
FleetCor Technologies, Inc.* | 1,572 | 422,286 | ||||||
GoDaddy, Inc. Class A* | 3,331 | 258,552 | ||||||
VeriSign, Inc.* | 1,009 | 200,549 | ||||||
Western Union Co. (The) | 13,431 | 331,209 | ||||||
|
| |||||||
| Total IT Services |
| 1,748,890 | ||||||
| Leisure Products – 0.9% |
| |||||||
Brunswick Corp. | 5,311 | 506,510 | ||||||
| Life Sciences Tools & Services – 1.2% |
| |||||||
Waters Corp.* | 2,522 | 716,677 | ||||||
| Machinery – 1.3% |
| |||||||
Illinois Tool Works, Inc. | 1,415 | 313,451 | ||||||
Lincoln Electric Holdings, Inc. | 3,800 | 467,172 | ||||||
|
| |||||||
| Total Machinery |
| 780,623 | ||||||
| Media – 5.2% |
| |||||||
Altice USA, Inc. Class A* | 22,143 | 720,312 | ||||||
Charter Communications, Inc. Class A* | 688 | 424,510 | ||||||
Discovery, Inc. Class A* | 19,384 | 842,428 | ||||||
Fox Corp. Class A | 16,302 | 588,665 | ||||||
Sirius XM Holdings, Inc.(a) | 76,946 | 468,601 | ||||||
|
| |||||||
| Total Media |
| 3,044,516 | ||||||
| Metals & Mining – 0.8% |
| |||||||
Reliance Steel & Aluminum Co. | 2,987 | 454,890 | ||||||
| Multi-Utilities – 1.4% |
| |||||||
Dominion Energy, Inc. | 7,245 | 550,330 | ||||||
Public Service Enterprise Group, Inc. | 4,374 | 263,359 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 813,689 | ||||||
| Multiline Retail – 0.4% |
| |||||||
Dollar General Corp. | 1,242 | 251,654 | ||||||
| Oil, Gas & Consumable Fuels – 5.1% |
| |||||||
Diamondback Energy, Inc. | 9,679 | 711,310 | ||||||
Exxon Mobil Corp. | 8,309 | 463,891 | ||||||
Kinder Morgan, Inc. | 36,352 | 605,261 | ||||||
Pioneer Natural Resources Co. | 902 | 143,255 | ||||||
Targa Resources Corp. | 13,305 | 422,434 | ||||||
Williams Cos., Inc. (The) | 25,433 | 602,508 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 2,948,659 | ||||||
| Pharmaceuticals – 1.6% |
| |||||||
Bristol-Myers Squibb Co. | 10,008 | 631,805 | ||||||
Merck & Co., Inc. | 3,577 | 275,751 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 907,556 | ||||||
| Professional Services – 1.2% |
| |||||||
Booz Allen Hamilton Holding Corp. | 3,085 | 248,435 | ||||||
Robert Half International, Inc. | 6,085 | 475,056 | ||||||
|
| |||||||
| Total Professional Services |
| 723,491 | ||||||
| Road & Rail – 1.0% |
| |||||||
Kansas City Southern | 2,168 | 572,178 | ||||||
| Semiconductors & Semiconductor Equipment – 3.5% |
| |||||||
Intel Corp. | 5,733 | 366,912 | ||||||
KLA Corp. | 945 | 312,228 | ||||||
Lam Research Corp. | 1,212 | 721,431 | ||||||
Texas Instruments, Inc. | 2,390 | 451,686 | ||||||
Xilinx, Inc. | 1,663 | 206,046 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 2,058,303 | ||||||
| Software – 3.3% |
| |||||||
Citrix Systems, Inc. | 2,633 | 369,568 | ||||||
Dropbox, Inc. Class A* | 10,136 | 270,226 | ||||||
Fortinet, Inc.* | 3,128 | 576,866 | ||||||
Oracle Corp. | 10,338 | 725,417 | ||||||
|
| |||||||
| Total Software |
| 1,942,077 | ||||||
| Specialty Retail – 5.3% |
| |||||||
AutoNation, Inc.* | 5,902 | 550,184 | ||||||
AutoZone, Inc.* | 298 | 418,481 | ||||||
Best Buy Co., Inc. | 4,543 | 521,582 | ||||||
Home Depot, Inc. (The) | 950 | 289,988 | ||||||
Lowe’s Cos., Inc. | 2,698 | 513,106 | ||||||
O’Reilly Automotive, Inc.* | 685 | 347,466 | ||||||
Williams-Sonoma, Inc. | 2,620 | 469,504 | ||||||
|
| |||||||
| Total Specialty Retail |
| 3,110,311 | ||||||
| Technology Hardware, Storage & Peripherals – 2.4% |
| |||||||
Apple, Inc. | 5,195 | 634,569 | ||||||
HP, Inc. | 14,067 | 446,627 | ||||||
NetApp, Inc. | 4,756 | 345,619 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 1,426,815 | ||||||
| Tobacco – 2.3% |
| |||||||
Altria Group, Inc. | 16,138 | 825,620 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 67 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
March 31, 2021
| Investments | Shares | Value | ||||||
Philip Morris International, Inc. | 5,485 | $ | 486,739 | |||||
|
| |||||||
| Total Tobacco |
| 1,312,359 | ||||||
TOTAL COMMON STOCKS (Cost: $49,748,304) |
| 58,373,883 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2% |
| |||||||
| United States – 1.2% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(b) | ||||||||
| (Cost: $685,611) | 685,611 | 685,611 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.1% (Cost: $50,433,915) |
| 59,059,494 | ||||||
Other Assets less Liabilities – (1.1)% |
| (618,867 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 58,440,627 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,038,068 and the total market value of the collateral held by the Fund was $1,057,692. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $372,081. |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 58,373,883 | $ | — | $ | — | $ | 58,373,883 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 685,611 | — | 685,611 | ||||||||||||
Total Investments in Securities | $ | 58,373,883 | $ | 685,611 | $ | — | $ | 59,059,494 | ||||||||
See Notes to Financial Statements.
| 68 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.8% |
| |||||||
| United States – 99.4% |
| |||||||
| Aerospace & Defense – 0.6% |
| |||||||
Cubic Corp. | 22,301 | $ | 1,662,986 | |||||
Kaman Corp. | 55,283 | 2,835,465 | ||||||
Maxar Technologies, Inc. | 8,093 | 306,077 | ||||||
Moog, Inc. Class A | 50,826 | 4,226,182 | ||||||
National Presto Industries, Inc. | 13,061 | 1,333,136 | ||||||
Park Aerospace Corp. | 98,002 | 1,295,587 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 11,659,433 | ||||||
| Air Freight & Logistics – 0.2% |
| |||||||
Forward Air Corp. | 47,734 | 4,239,257 | ||||||
| Auto Components – 0.9% |
| |||||||
Cooper Tire & Rubber Co. | 125,076 | 7,001,755 | ||||||
Patrick Industries, Inc. | 58,466 | 4,969,610 | ||||||
Standard Motor Products, Inc. | 94,392 | 3,924,819 | ||||||
|
| |||||||
| Total Auto Components |
| 15,896,184 | ||||||
| Automobiles – 0.2% |
| |||||||
Winnebago Industries, Inc. | 43,308 | 3,322,157 | ||||||
| Banks – 17.2% |
| |||||||
1st Constitution Bancorp(a) | 5,384 | 94,812 | ||||||
1st Source Corp. | 40,478 | 1,925,943 | ||||||
ACNB Corp. | 13,734 | 402,406 | ||||||
Allegiance Bancshares, Inc. | 9,460 | 383,508 | ||||||
Altabancorp(a) | 22,801 | 958,554 | ||||||
Amalgamated Financial Corp. | 48,894 | 811,151 | ||||||
American National Bankshares, Inc. | 21,159 | 699,728 | ||||||
Ameris Bancorp | 63,855 | 3,353,026 | ||||||
Ames National Corp. | 25,946 | 663,699 | ||||||
Arrow Financial Corp. | 29,977 | 998,534 | ||||||
Associated Banc-Corp. | 380,433 | 8,118,440 | ||||||
Atlantic Union Bankshares Corp. | 140,604 | 5,393,569 | ||||||
Auburn National BanCorp, Inc.(a) | 5,659 | 217,136 | ||||||
BancFirst Corp. | 45,670 | 3,228,412 | ||||||
BancorpSouth Bank | 166,638 | 5,412,402 | ||||||
Bank First Corp. | 6,123 | 459,164 | ||||||
Bank of Commerce Holdings | 19,849 | 253,075 | ||||||
Bank of Marin Bancorp | 17,713 | 693,641 | ||||||
Bank of Princeton (The)(a) | 9,448 | 270,402 | ||||||
Bank7 Corp. | 21,728 | 382,630 | ||||||
BankFinancial Corp.(a) | 42,807 | 441,768 | ||||||
BankUnited, Inc. | 151,313 | 6,650,206 | ||||||
Bankwell Financial Group, Inc.(a) | 15,546 | 418,965 | ||||||
Banner Corp. | 74,853 | 3,991,910 | ||||||
Bar Harbor Bankshares | 32,844 | 966,270 | ||||||
BCB Bancorp, Inc. | 50,448 | 696,182 | ||||||
Berkshire Hills Bancorp, Inc. | 82,488 | 1,841,132 | ||||||
Brookline Bancorp, Inc. | 177,786 | 2,666,790 | ||||||
Bryn Mawr Bank Corp. | 43,453 | 1,977,546 | ||||||
Business First Bancshares, Inc. | 25,511 | 610,478 | ||||||
Byline Bancorp, Inc. | 9,562 | 202,236 | ||||||
C&F Financial Corp. | 5,707 | 252,763 | ||||||
Cadence BanCorp | 154,103 | 3,194,555 | ||||||
Cambridge Bancorp | 15,194 | $ | 1,281,158 | |||||
Camden National Corp. | 32,619 | 1,561,145 | ||||||
Capital City Bank Group, Inc. | 20,701 | 538,640 | ||||||
Capstar Financial Holdings, Inc. | 24,168 | 416,898 | ||||||
Cathay General Bancorp | 186,083 | 7,588,465 | ||||||
CB Financial Services, Inc.(a) | 11,011 | 243,673 | ||||||
CBTX, Inc. | 29,544 | 907,592 | ||||||
Central Pacific Financial Corp. | 78,620 | 2,097,582 | ||||||
Central Valley Community Bancorp | 21,458 | 395,042 | ||||||
Century Bancorp, Inc. Class A | 1,037 | 96,762 | ||||||
Chemung Financial Corp.(a) | 7,639 | 319,463 | ||||||
ChoiceOne Financial Services, Inc. | 7,752 | 186,436 | ||||||
Citizens & Northern Corp. | 54,808 | 1,303,334 | ||||||
Citizens Holding Co.(a) | 7,708 | 153,389 | ||||||
City Holding Co. | 45,978 | 3,760,081 | ||||||
Civista Bancshares, Inc. | 20,951 | 480,616 | ||||||
CNB Financial Corp. | 30,213 | 743,542 | ||||||
Codorus Valley Bancorp, Inc.(a) | 20,601 | 379,264 | ||||||
Colony Bankcorp, Inc. | 8,037 | 125,377 | ||||||
Columbia Banking System, Inc. | 139,459 | 6,009,288 | ||||||
Community Financial Corp. (The) | 9,327 | 319,450 | ||||||
Community Trust Bancorp, Inc. | 41,799 | 1,840,410 | ||||||
ConnectOne Bancorp, Inc. | 34,650 | 878,378 | ||||||
County Bancorp, Inc.(a) | 7,204 | 172,680 | ||||||
CVB Financial Corp. | 288,726 | 6,377,957 | ||||||
Dime Community Bancshares, Inc. | 95,555 | 2,880,028 | ||||||
Eagle Bancorp Montana, Inc. | 6,338 | 154,140 | ||||||
Eagle Bancorp, Inc. | 41,136 | 2,188,847 | ||||||
Enterprise Bancorp, Inc. | 20,566 | 668,806 | ||||||
Enterprise Financial Services Corp. | 33,062 | 1,634,585 | ||||||
Evans Bancorp, Inc.(a) | 13,187 | 446,907 | ||||||
Farmers & Merchants Bancorp, Inc. | 24,535 | 616,810 | ||||||
Farmers National Banc Corp. | 67,905 | 1,134,014 | ||||||
FB Financial Corp. | 25,232 | 1,121,815 | ||||||
Fidelity D&D Bancorp, Inc.(a) | 4,456 | 274,044 | ||||||
Financial Institutions, Inc. | 48,234 | 1,461,008 | ||||||
First Bancorp | 38,478 | 1,673,793 | ||||||
First Bancorp, Inc. (The) | 37,950 | 1,107,761 | ||||||
First Bancshares, Inc. (The) | 18,479 | 676,516 | ||||||
First Bank | 11,150 | 135,696 | ||||||
First Busey Corp. | 134,921 | 3,460,724 | ||||||
First Business Financial Services, Inc.(a) | 18,210 | 450,333 | ||||||
First Capital, Inc.(a) | 3,773 | 183,783 | ||||||
First Choice Bancorp | 39,341 | 956,380 | ||||||
First Commonwealth Financial Corp. | 233,735 | 3,358,772 | ||||||
First Community Bankshares, Inc. | 43,819 | 1,314,132 | ||||||
First Community Corp. | 8,702 | 173,605 | ||||||
First Financial Bancorp | 288,549 | 6,925,176 | ||||||
First Financial Corp. | 29,065 | 1,308,216 | ||||||
First Financial Northwest, Inc.(a) | 19,657 | 280,112 | ||||||
First Foundation, Inc. | 37,178 | 872,196 | ||||||
First Internet Bancorp | 8,128 | 286,349 | ||||||
First Interstate BancSystem, Inc. Class A | 90,894 | 4,184,760 | ||||||
First Merchants Corp. | 92,301 | 4,291,997 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 69 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2021
| Investments | Shares | Value | ||||||
First Mid Bancshares, Inc.(a) | 26,831 | $ | 1,178,686 | |||||
First Northwest Bancorp | 8,227 | 136,733 | ||||||
First of Long Island Corp. (The) | 62,771 | 1,333,884 | ||||||
First Savings Financial Group, Inc. | 967 | 64,924 | ||||||
First United Corp. | 18,311 | 322,640 | ||||||
Flushing Financial Corp. | 106,983 | 2,271,249 | ||||||
FNCB Bancorp, Inc.(a) | 24,612 | 185,574 | ||||||
Franklin Financial Services Corp.(a) | 8,799 | 274,353 | ||||||
Fulton Financial Corp. | 360,247 | 6,135,006 | ||||||
German American Bancorp, Inc.(a) | 53,684 | 2,481,274 | ||||||
Great Southern Bancorp, Inc. | 21,471 | 1,216,762 | ||||||
Guaranty Bancshares, Inc. | 24,232 | 890,526 | ||||||
HarborOne Bancorp, Inc. | 24,257 | 326,742 | ||||||
Hawthorn Bancshares, Inc. | 6,316 | 134,468 | ||||||
HBT Financial, Inc. | 82,509 | 1,412,554 | ||||||
Heartland Financial USA, Inc. | 38,962 | 1,958,230 | ||||||
Heritage Commerce Corp. | 215,522 | 2,633,679 | ||||||
Heritage Financial Corp.(a) | 73,178 | 2,066,547 | ||||||
Hilltop Holdings, Inc. | 105,518 | 3,601,329 | ||||||
Hope Bancorp, Inc. | 372,466 | 5,609,338 | ||||||
Horizon Bancorp, Inc. | 81,488 | 1,514,047 | ||||||
Independent Bank Corp. | 110,099 | 5,508,292 | ||||||
Independent Bank Group, Inc. | 49,362 | 3,565,911 | ||||||
International Bancshares Corp. | 114,793 | 5,328,691 | ||||||
Investar Holding Corp. | 5,595 | 114,977 | ||||||
Investors Bancorp, Inc. | 671,156 | 9,859,282 | ||||||
Lakeland Bancorp, Inc. | 106,958 | 1,864,278 | ||||||
Lakeland Financial Corp.(a) | 48,930 | 3,385,467 | ||||||
Landmark Bancorp, Inc. | 9,027 | 238,493 | ||||||
LCNB Corp. | 38,159 | 667,783 | ||||||
Level One Bancorp, Inc. | 7,243 | 186,725 | ||||||
Live Oak Bancshares, Inc. | 8,785 | 601,685 | ||||||
Macatawa Bank Corp. | 97,864 | 973,747 | ||||||
Mackinac Financial Corp. | 33,520 | 469,950 | ||||||
Mercantile Bank Corp. | 39,496 | 1,282,435 | ||||||
Meridian Corp. | 7,168 | 186,368 | ||||||
Metrocity Bankshares, Inc. | 65,461 | 1,006,790 | ||||||
Mid Penn Bancorp, Inc.(a) | 13,075 | 350,541 | ||||||
Middlefield Banc Corp.(a) | 9,986 | 209,307 | ||||||
Midland States Bancorp, Inc. | 78,660 | 2,182,028 | ||||||
MidWestOne Financial Group, Inc. | 32,402 | 1,003,490 | ||||||
MVB Financial Corp. | 17,069 | 576,932 | ||||||
National Bank Holdings Corp. Class A | 44,105 | 1,750,086 | ||||||
National Bankshares, Inc. | 14,100 | 500,691 | ||||||
NBT Bancorp, Inc. | 83,942 | 3,349,286 | ||||||
Northeast Bank | 7,325 | 193,307 | ||||||
Northrim Bancorp, Inc. | 26,823 | 1,140,246 | ||||||
Norwood Financial Corp. | 16,563 | 440,741 | ||||||
Oak Valley Bancorp(a) | 3,560 | 61,054 | ||||||
OceanFirst Financial Corp. | 134,391 | 3,217,321 | ||||||
Ohio Valley Banc Corp.(a) | 4,358 | 105,812 | ||||||
Old National Bancorp | 327,605 | 6,335,881 | ||||||
Old Second Bancorp, Inc. | 4,624 | 61,083 | ||||||
Origin Bancorp, Inc. | 22,358 | 948,203 | ||||||
Orrstown Financial Services, Inc. | 28,766 | $ | 641,482 | |||||
Park National Corp.(a) | 37,769 | 4,883,532 | ||||||
Parke Bancorp, Inc.(a) | 20,969 | 419,170 | ||||||
PCB Bancorp(a) | 44,393 | 665,895 | ||||||
Peapack-Gladstone Financial Corp. | 8,814 | 272,176 | ||||||
Penns Woods Bancorp, Inc.(a) | 17,658 | 425,381 | ||||||
Peoples Bancorp of North Carolina, Inc. | 10,335 | 244,319 | ||||||
Peoples Bancorp, Inc. | 60,059 | 1,992,157 | ||||||
Peoples Financial Services Corp. | 14,126 | 596,682 | ||||||
Plumas Bancorp(a) | 6,884 | 201,357 | ||||||
Preferred Bank | 22,051 | 1,404,208 | ||||||
Premier Financial Bancorp, Inc. | 29,939 | 556,566 | ||||||
Primis Financial Corp. | 61,249 | 890,560 | ||||||
QCR Holdings, Inc. | 6,343 | 299,516 | ||||||
RBB Bancorp | 39,000 | 790,530 | ||||||
Red River Bancshares, Inc.(a) | 3,098 | 173,519 | ||||||
Reliant Bancorp, Inc. | 17,503 | 502,686 | ||||||
Renasant Corp. | 87,182 | 3,607,591 | ||||||
Republic Bancorp, Inc. Class A | 33,604 | 1,488,321 | ||||||
Richmond Mutual BanCorp, Inc.(a) | 11,637 | 157,798 | ||||||
Salisbury Bancorp, Inc. | 10,961 | 486,778 | ||||||
Sandy Spring Bancorp, Inc. | 102,495 | 4,451,358 | ||||||
SB Financial Group, Inc.(a) | 7,454 | 136,110 | ||||||
ServisFirst Bancshares, Inc. | 80,251 | 4,921,794 | ||||||
Shore Bancshares, Inc.(a) | 21,805 | 371,121 | ||||||
Sierra Bancorp | 39,222 | 1,051,150 | ||||||
Simmons First National Corp. Class A | 202,850 | 6,018,560 | ||||||
SmartFinancial, Inc. | 6,401 | 138,582 | ||||||
South Plains Financial, Inc. | 13,757 | 312,559 | ||||||
Southside Bancshares, Inc. | 76,775 | 2,956,605 | ||||||
Spirit of Texas Bancshares, Inc. | 9,260 | 206,591 | ||||||
Stock Yards Bancorp, Inc.(a) | 46,647 | 2,381,796 | ||||||
Summit Financial Group, Inc. | 24,879 | 660,537 | ||||||
Tompkins Financial Corp. | 24,560 | 2,031,112 | ||||||
Towne Bank | 132,602 | 4,031,101 | ||||||
TriCo Bancshares | 43,433 | 2,057,421 | ||||||
Trustmark Corp. | 126,606 | 4,261,558 | ||||||
Union Bankshares, Inc.(a) | 16,148 | 484,440 | ||||||
United Community Banks, Inc. | 131,682 | 4,492,990 | ||||||
United Security Bancshares | 52,961 | 433,751 | ||||||
Unity Bancorp, Inc.(a) | 8,813 | 193,886 | ||||||
Univest Financial Corp. | 62,236 | 1,779,327 | ||||||
Veritex Holdings, Inc. | 85,918 | 2,811,237 | ||||||
Washington Trust Bancorp, Inc. | 44,409 | 2,292,837 | ||||||
WesBanco, Inc. | 165,561 | 5,970,130 | ||||||
West Bancorp, Inc.(a) | 53,111 | 1,279,444 | ||||||
Westamerica BanCorp | 72,758 | 4,567,747 | ||||||
|
| |||||||
| Total Banks |
| 315,438,356 | ||||||
| Beverages – 0.2% |
| |||||||
Coca-Cola Consolidated, Inc. | 5,832 | 1,684,165 | ||||||
MGP Ingredients, Inc. | 26,198 | 1,549,612 | ||||||
|
| |||||||
| Total Beverages |
| 3,233,777 | ||||||
See Notes to Financial Statements.
| 70 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2021
| Investments | Shares | Value | ||||||
| Building Products – 0.7% |
| |||||||
Apogee Enterprises, Inc. | 106,260 | $ | 4,343,909 | |||||
CSW Industrials, Inc. | 14,895 | 2,010,825 | ||||||
Griffon Corp. | 131,385 | 3,569,730 | ||||||
Insteel Industries, Inc. | 20,345 | 627,440 | ||||||
Quanex Building Products Corp. | 76,107 | 1,996,287 | ||||||
|
| |||||||
| Total Building Products |
| 12,548,191 | ||||||
| Capital Markets – 2.4% |
| |||||||
B. Riley Financial, Inc. | 91,256 | 5,145,013 | ||||||
BGC Partners, Inc. Class A | 199,779 | 964,933 | ||||||
Brightsphere Investment Group, Inc. | 21,628 | 440,779 | ||||||
Cowen, Inc. Class A | 23,042 | 809,926 | ||||||
Federated Hermes, Inc. Class B | 208,205 | 6,516,816 | ||||||
GAMCO Investors, Inc. Class A | 11,365 | 210,821 | ||||||
GCM Grosvenor, Inc. Class A(a) | 865,242 | 10,296,380 | ||||||
Greenhill & Co., Inc. | 18,020 | 296,970 | ||||||
Hamilton Lane, Inc. Class A | 48,860 | 4,327,042 | ||||||
Moelis & Co. Class A | 165,038 | 9,057,285 | ||||||
Oppenheimer Holdings, Inc. Class A | 17,683 | 708,204 | ||||||
Piper Sandler Cos. | 20,840 | 2,285,106 | ||||||
PJT Partners, Inc. Class A | 5,623 | 380,396 | ||||||
Pzena Investment Management, Inc. Class A | 14,517 | 152,864 | ||||||
Silvercrest Asset Management Group, Inc. Class A | 24,074 | 346,184 | ||||||
Value Line, Inc.(a) | 16,685 | 470,350 | ||||||
Victory Capital Holdings, Inc. Class A(a) | 10,436 | 266,744 | ||||||
Virtus Investment Partners, Inc. | 7,372 | 1,736,106 | ||||||
|
| |||||||
| Total Capital Markets |
| 44,411,919 | ||||||
| Chemicals – 3.0% |
| |||||||
Cabot Corp. | 283,970 | 14,891,387 | ||||||
Chase Corp. | 11,125 | 1,294,839 | ||||||
FutureFuel Corp. | 117,234 | 1,703,410 | ||||||
H.B. Fuller Co.(a) | 145,709 | 9,166,553 | ||||||
Hawkins, Inc. | 86,870 | 2,911,882 | ||||||
Innospec, Inc. | 45,528 | 4,675,270 | ||||||
Kronos Worldwide, Inc. | 652,832 | 9,988,330 | ||||||
Minerals Technologies, Inc. | 18,527 | 1,395,454 | ||||||
Stepan Co. | 52,119 | 6,624,846 | ||||||
Tredegar Corp. | 107,225 | 1,609,447 | ||||||
Valhi, Inc. | 49,432 | 1,013,850 | ||||||
|
| |||||||
| Total Chemicals |
| 55,275,268 | ||||||
| Commercial Services & Supplies – 5.0% |
| |||||||
ABM Industries, Inc. | 184,974 | 9,435,524 | ||||||
ACCO Brands Corp. | 410,116 | 3,461,379 | ||||||
Acme United Corp. | 12,982 | 512,010 | ||||||
Brady Corp. Class A | 134,480 | 7,187,956 | ||||||
CompX International, Inc. | 19,813 | 356,832 | ||||||
Covanta Holding Corp. | 490,095 | 6,792,717 | ||||||
Deluxe Corp. | 275,554 | 11,562,246 | ||||||
Ennis, Inc. | 206,313 | 4,404,783 | ||||||
Healthcare Services Group, Inc. | 365,031 | 10,231,819 | ||||||
Herman Miller, Inc. | 173,336 | 7,132,776 | ||||||
HNI Corp. | 210,259 | 8,317,846 | ||||||
Interface, Inc. | 53,917 | 672,884 | ||||||
Kimball International, Inc. Class B | 177,287 | 2,482,018 | ||||||
Matthews International Corp. Class A | 148,019 | 5,854,151 | ||||||
Pitney Bowes, Inc. | 878,186 | 7,236,253 | ||||||
Steelcase, Inc. Class A | 421,981 | 6,072,307 | ||||||
VSE Corp. | 14,711 | 581,084 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 92,294,585 | ||||||
| Communications Equipment – 0.3% |
| |||||||
ADTRAN, Inc. | 180,467 | 3,010,190 | ||||||
Comtech Telecommunications Corp. | 82,790 | 2,056,504 | ||||||
PCTEL, Inc.* | 72,431 | 503,395 | ||||||
|
| |||||||
| Total Communications Equipment |
| 5,570,089 | ||||||
| Construction & Engineering – 1.0% |
| |||||||
Arcosa, Inc. | 28,823 | 1,876,089 | ||||||
Argan, Inc.(a) | 52,588 | 2,805,570 | ||||||
Comfort Systems USA, Inc. | 72,166 | 5,395,852 | ||||||
Granite Construction, Inc. | 133,818 | 5,386,174 | ||||||
Primoris Services Corp. | 67,762 | 2,244,955 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 17,708,640 | ||||||
| Construction Materials – 0.0% |
| |||||||
United States Lime & Minerals, Inc. | 4,697 | 628,036 | ||||||
| Consumer Finance – 0.9% |
| |||||||
Curo Group Holdings Corp.(a) | 51,893 | 757,119 | ||||||
FirstCash, Inc. | 33,810 | 2,220,302 | ||||||
Navient Corp. | 717,210 | 10,263,275 | ||||||
Nelnet, Inc. Class A | 21,566 | 1,568,711 | ||||||
Regional Management Corp. | 23,309 | 807,890 | ||||||
|
| |||||||
| Total Consumer Finance |
| 15,617,297 | ||||||
| Containers & Packaging – 1.2% |
| |||||||
Greif, Inc. Class A(a) | 325,172 | 18,534,804 | ||||||
Myers Industries, Inc. | 158,979 | 3,141,425 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 21,676,229 | ||||||
| Distributors – 0.4% |
| |||||||
Core-Mark Holding Co., Inc. | 114,981 | 4,448,615 | ||||||
Educational Development Corp.(a) | 49,388 | 842,065 | ||||||
Weyco Group, Inc.(a) | 54,063 | 1,169,383 | ||||||
|
| |||||||
| Total Distributors |
| 6,460,063 | ||||||
| Diversified Consumer Services – 0.8% |
| |||||||
Carriage Services, Inc. | 48,858 | 1,719,313 | ||||||
Graham Holdings Co. Class B | 7,424 | 4,175,555 | ||||||
Strategic Education, Inc. | 92,497 | 8,501,399 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 14,396,267 | ||||||
| Diversified Financial Services – 0.1% |
| |||||||
Alerus Financial Corp.(a) | 33,634 | 1,001,621 | ||||||
Marlin Business Services Corp. | 22,386 | 305,345 | ||||||
|
| |||||||
| Total Diversified Financial Services |
| 1,306,966 | ||||||
| Diversified Telecommunication Services – 0.1% |
| |||||||
ATN International, Inc. | 32,683 | 1,605,389 | ||||||
| Electric Utilities – 1.2% |
| |||||||
Genie Energy Ltd. Class B(a) | 216,547 | 1,372,908 | ||||||
MGE Energy, Inc. | 113,462 | 8,100,052 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 71 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2021
| Investments | Shares | Value | ||||||
Otter Tail Corp. | 212,156 | $ | 9,795,243 | |||||
Spark Energy, Inc. Class A(a) | 241,587 | 2,580,149 | ||||||
|
| |||||||
| Total Electric Utilities |
| 21,848,352 | ||||||
| Electrical Equipment – 0.5% |
| |||||||
Allied Motion Technologies, Inc. | 6,187 | 317,579 | ||||||
AZZ, Inc. | 58,807 | 2,960,932 | ||||||
Encore Wire Corp. | 6,786 | 455,544 | ||||||
GrafTech International Ltd. | 158,229 | 1,935,141 | ||||||
LSI Industries, Inc. | 154,339 | 1,316,512 | ||||||
Powell Industries, Inc.(a) | 58,640 | 1,986,137 | ||||||
Preformed Line Products Co. | 10,863 | 746,831 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 9,718,676 | ||||||
| Electronic Equipment, Instruments & Components – 1.4% |
| |||||||
Badger Meter, Inc. | 50,965 | 4,743,312 | ||||||
Bel Fuse, Inc. Class B | 23,627 | 469,941 | ||||||
Belden, Inc. | 34,624 | 1,536,267 | ||||||
Benchmark Electronics, Inc. | 130,964 | 4,049,407 | ||||||
CTS Corp. | 32,124 | 997,771 | ||||||
Methode Electronics, Inc. | 68,900 | 2,892,422 | ||||||
PC Connection, Inc.(a) | 30,515 | 1,415,591 | ||||||
Vishay Intertechnology, Inc. | 391,047 | 9,416,412 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 25,521,123 | ||||||
| Energy Equipment & Services – 1.0% |
| |||||||
Archrock, Inc. | 1,443,586 | 13,699,631 | ||||||
Cactus, Inc. Class A | 94,003 | 2,878,372 | ||||||
Solaris Oilfield Infrastructure, Inc. Class A(a) | 206,102 | 2,528,872 | ||||||
|
| |||||||
| Total Energy Equipment & Services |
| 19,106,875 | ||||||
| Entertainment – 0.6% |
| |||||||
Warner Music Group Corp. Class A(a) | 187,696 | 6,443,604 | ||||||
World Wrestling Entertainment, Inc. Class A(a) | 77,989 | 4,231,683 | ||||||
|
| |||||||
| Total Entertainment |
| 10,675,287 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 8.6% |
| |||||||
Alexander’s, Inc. | 16,244 | 4,504,461 | ||||||
Alpine Income Property Trust, Inc. | 19,993 | 347,079 | ||||||
American Assets Trust, Inc. | 101,321 | 3,286,853 | ||||||
Armada Hoffler Properties, Inc. | 131,049 | 1,643,354 | ||||||
Bluerock Residential Growth REIT, Inc. | 84,163 | 850,888 | ||||||
Brandywine Realty Trust | 583,406 | 7,531,772 | ||||||
Brookfield Property REIT, Inc. Class A | 174,886 | 3,139,204 | ||||||
BRT Apartments Corp. | 54,250 | 913,570 | ||||||
CareTrust REIT, Inc. | 226,833 | 5,281,806 | ||||||
CatchMark Timber Trust, Inc. Class A | 156,336 | 1,591,501 | ||||||
Centerspace | 36,077 | 2,453,236 | ||||||
CIM Commercial Trust Corp.(a) | 12,553 | 161,808 | ||||||
Clipper Realty, Inc. | 74,026 | 586,286 | ||||||
Columbia Property Trust, Inc. | 355,731 | 6,083,000 | ||||||
Community Healthcare Trust, Inc. | 45,839 | 2,114,095 | ||||||
CTO Realty Growth, Inc.(a) | 20,216 | 1,051,434 | ||||||
Diversified Healthcare Trust | 148,853 | 711,517 | ||||||
Easterly Government Properties, Inc. | 207,070 | 4,292,561 | ||||||
Essential Properties Realty Trust, Inc. | 244,656 | 5,585,497 | ||||||
Farmland Partners, Inc. | 52,836 | 592,292 | ||||||
Four Corners Property Trust, Inc. | 241,108 | 6,606,359 | ||||||
Getty Realty Corp. | 172,694 | 4,890,694 | ||||||
Gladstone Commercial Corp. | 152,166 | 2,976,367 | ||||||
Gladstone Land Corp. | 53,778 | 984,137 | ||||||
Global Medical REIT, Inc. | 147,385 | 1,932,217 | ||||||
Independence Realty Trust, Inc. | 185,736 | 2,823,187 | ||||||
Indus Realty Trust, Inc. | 2,468 | 148,475 | ||||||
Industrial Logistics Properties Trust | 288,666 | 6,676,845 | ||||||
iStar, Inc.(a) | 107,964 | 1,919,600 | ||||||
Kite Realty Group Trust | 100,084 | 1,930,620 | ||||||
LTC Properties, Inc. | 121,472 | 5,067,812 | ||||||
Monmouth Real Estate Investment Corp. | 230,023 | 4,069,107 | ||||||
National Storage Affiliates Trust | 218,372 | 8,719,594 | ||||||
NETSTREIT Corp. | 67,952 | 1,256,433 | ||||||
New Senior Investment Group, Inc. | 211,228 | 1,315,950 | ||||||
NexPoint Residential Trust, Inc. | 56,896 | 2,622,337 | ||||||
Office Properties Income Trust | 232,500 | 6,398,400 | ||||||
One Liberty Properties, Inc. | 83,344 | 1,856,071 | ||||||
Paramount Group, Inc. | 473,834 | 4,799,938 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 337,445 | 5,861,420 | ||||||
Plymouth Industrial REIT, Inc. | 85,452 | 1,439,866 | ||||||
Postal Realty Trust, Inc. Class A(a) | 22,710 | 390,158 | ||||||
Retail Properties of America, Inc. Class A | 46,317 | 485,402 | ||||||
Retail Value, Inc. | 77,020 | 1,441,044 | ||||||
Saul Centers, Inc. | 72,411 | 2,904,405 | ||||||
SITE Centers Corp. | 204,799 | 2,777,074 | ||||||
UMH Properties, Inc. | 109,777 | 2,104,425 | ||||||
Uniti Group, Inc. | 660,819 | 7,288,834 | ||||||
Universal Health Realty Income Trust | 26,736 | 1,812,166 | ||||||
Urstadt Biddle Properties, Inc. Class A | 63,613 | 1,059,156 | ||||||
Washington Real Estate Investment Trust | 215,609 | 4,764,959 | ||||||
Weingarten Realty Investors | 212,711 | 5,724,053 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 157,769,319 | ||||||
| Food & Staples Retailing – 1.6% |
| |||||||
Andersons, Inc. (The) | 154,372 | 4,226,705 | ||||||
Ingles Markets, Inc. Class A | 52,923 | 3,262,703 | ||||||
Natural Grocers by Vitamin Cottage, Inc.(a) | 95,117 | 1,669,303 | ||||||
PriceSmart, Inc. | 52,958 | 5,123,687 | ||||||
SpartanNash Co. | 239,572 | 4,702,798 | ||||||
Village Super Market, Inc. Class A | 72,135 | 1,700,222 | ||||||
Weis Markets, Inc.(a) | 152,251 | 8,605,227 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 29,290,645 | ||||||
| Food Products – 2.2% |
| |||||||
Alico, Inc.(a) | 17,147 | 512,009 | ||||||
B&G Foods, Inc.(a) | 932,685 | 28,969,196 | ||||||
Calavo Growers, Inc.(a) | 38,312 | 2,974,544 | ||||||
John B. Sanfilippo & Son, Inc. | 18,318 | 1,655,398 | ||||||
Limoneira Co. | 60,135 | 1,052,362 | ||||||
Tootsie Roll Industries, Inc.(a) | 109,600 | 3,631,046 | ||||||
Utz Brands, Inc. | 89,845 | 2,227,258 | ||||||
|
| |||||||
| Total Food Products |
| 41,021,813 | ||||||
| Gas Utilities – 2.0% |
| |||||||
Chesapeake Utilities Corp. | 65,175 | 7,565,514 | ||||||
Northwest Natural Holding Co. | 179,686 | 9,694,060 | ||||||
See Notes to Financial Statements.
| 72 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2021
| Investments | Shares | Value | ||||||
RGC Resources, Inc. | 45,964 | $ | 1,019,481 | |||||
South Jersey Industries, Inc.(a) | 793,534 | 17,917,998 | ||||||
|
| |||||||
| Total Gas Utilities |
| 36,197,053 | ||||||
| Health Care Equipment & Supplies – 0.2% |
| |||||||
Atrion Corp.(a) | 2,818 | 1,807,212 | ||||||
LeMaitre Vascular, Inc. | 29,748 | 1,451,107 | ||||||
Mesa Laboratories, Inc. | 1,213 | 295,366 | ||||||
Utah Medical Products, Inc. | 5,874 | 508,688 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 4,062,373 | ||||||
| Health Care Providers & Services – 1.2% |
| |||||||
National HealthCare Corp. | 73,072 | 5,693,039 | ||||||
Owens & Minor, Inc. | 7,083 | 266,250 | ||||||
Patterson Cos., Inc. | 475,929 | 15,205,932 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 21,165,221 | ||||||
| Health Care Technology – 0.0% |
| |||||||
Simulations Plus, Inc.(a) | 14,285 | 903,383 | ||||||
| Hotels, Restaurants & Leisure – 0.8% |
| |||||||
Jack in the Box, Inc.(a) | 61,731 | 6,776,829 | ||||||
Nathan’s Famous, Inc. | 11,850 | 747,617 | ||||||
Papa John’s International, Inc. | 76,334 | 6,766,246 | ||||||
RCI Hospitality Holdings, Inc. | 12,370 | 786,608 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 15,077,300 | ||||||
| Household Durables – 0.9% |
| |||||||
Bassett Furniture Industries, Inc. | 33,308 | 808,385 | ||||||
Ethan Allen Interiors, Inc. | 203,942 | 5,630,839 | ||||||
Flexsteel Industries, Inc.(a) | 10,716 | 373,452 | ||||||
Hamilton Beach Brands Holding Co. Class A | 32,604 | 591,110 | ||||||
Hooker Furniture Corp.(a) | 46,098 | 1,680,733 | ||||||
La-Z-Boy, Inc.(a) | 149,543 | 6,352,587 | ||||||
Lifetime Brands, Inc. | 47,562 | 698,686 | ||||||
|
| |||||||
| Total Household Durables |
| 16,135,792 | ||||||
| Household Products – 0.1% |
| |||||||
Ocean Bio-Chem, Inc.(a) | 11,841 | 142,329 | ||||||
Oil-Dri Corp. of America | 37,732 | 1,299,490 | ||||||
|
| |||||||
| Total Household Products |
| 1,441,819 | ||||||
| Insurance – 2.7% |
| |||||||
American Equity Investment Life Holding Co. | 64,455 | 2,032,266 | ||||||
American National Group, Inc. | 57,354 | 6,186,776 | ||||||
AMERISAFE, Inc. | 33,464 | 2,141,696 | ||||||
Crawford & Co. Class A(a) | 51,003 | 543,182 | ||||||
Donegal Group, Inc. Class A | 97,314 | 1,446,086 | ||||||
Employers Holdings, Inc. | 55,015 | 2,368,946 | ||||||
FBL Financial Group, Inc. Class A(a) | 55,057 | 3,078,788 | ||||||
HCI Group, Inc.(a) | 19,380 | 1,488,772 | ||||||
Heritage Insurance Holdings, Inc. | 53,815 | 596,270 | ||||||
Horace Mann Educators Corp. | 69,287 | 2,993,891 | ||||||
Independence Holding Co. | 10,020 | 399,297 | ||||||
Investors Title Co. | 2,697 | 447,702 | ||||||
Mercury General Corp. | 257,889 | 15,682,230 | ||||||
National Western Life Group, Inc. Class A | 314 | 78,186 | ||||||
Protective Insurance Corp. Class B | 25,145 | 575,066 | ||||||
Safety Insurance Group, Inc. | 57,124 | 4,812,697 | ||||||
Stewart Information Services Corp. | 59,304 | 3,085,587 | ||||||
Tiptree, Inc.(a) | 74,527 | 667,017 | ||||||
|
| |||||||
| Total Insurance |
| 48,624,455 | ||||||
| Internet & Direct Marketing Retail – 0.6% |
| |||||||
PetMed Express, Inc.(a) | 116,786 | 4,107,948 | ||||||
Shutterstock, Inc. | 81,835 | 7,286,588 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 11,394,536 | ||||||
| IT Services – 1.1% |
| |||||||
Cass Information Systems, Inc.(a) | 50,413 | 2,332,609 | ||||||
CSG Systems International, Inc. | 162,245 | 7,283,178 | ||||||
Hackett Group, Inc. (The) | 129,478 | 2,122,144 | ||||||
NIC, Inc. | 151,990 | 5,157,021 | ||||||
Switch, Inc. Class A | 221,580 | 3,602,891 | ||||||
|
| |||||||
| Total IT Services |
| 20,497,843 | ||||||
| Leisure Products – 0.9% |
| |||||||
Clarus Corp. | 54,979 | 937,392 | ||||||
Escalade, Inc.(a) | 82,609 | 1,727,354 | ||||||
Johnson Outdoors, Inc. Class A | 10,791 | 1,540,415 | ||||||
Marine Products Corp. | 106,351 | 1,730,331 | ||||||
Smith & Wesson Brands, Inc. | 98,915 | 1,726,067 | ||||||
Sturm Ruger & Co., Inc.(a) | 140,268 | 9,267,507 | ||||||
|
| |||||||
| Total Leisure Products |
| 16,929,066 | ||||||
| Life Sciences Tools & Services – 0.2% |
| |||||||
Luminex Corp. | 107,009 | 3,413,587 | ||||||
| Machinery – 5.3% |
| |||||||
Alamo Group, Inc. | 9,118 | 1,423,776 | ||||||
Albany International Corp. Class A | 46,476 | 3,879,352 | ||||||
Astec Industries, Inc. | 33,904 | 2,557,040 | ||||||
Barnes Group, Inc. | 94,000 | 4,656,760 | ||||||
Columbus McKinnon Corp. | 24,265 | 1,280,221 | ||||||
Douglas Dynamics, Inc. | 92,335 | 4,261,260 | ||||||
Eastern Co. (The) | 17,350 | 464,980 | ||||||
Enerpac Tool Group Corp. | 20,494 | 535,303 | ||||||
EnPro Industries, Inc. | 45,053 | 3,841,669 | ||||||
ESCO Technologies, Inc. | 12,411 | 1,351,434 | ||||||
Federal Signal Corp. | 130,855 | 5,011,747 | ||||||
Gorman-Rupp Co. (The) | 63,385 | 2,098,677 | ||||||
Graham Corp.(a) | 42,829 | 609,885 | ||||||
Greenbrier Cos., Inc. (The)(a) | 151,744 | 7,165,352 | ||||||
Helios Technologies, Inc. | 32,937 | 2,400,119 | ||||||
Hurco Cos., Inc. | 13,795 | 486,964 | ||||||
Hyster-Yale Materials Handling, Inc. | 41,995 | 3,658,604 | ||||||
Kadant, Inc. | 18,325 | 3,390,308 | ||||||
Lindsay Corp. | 26,030 | 4,337,119 | ||||||
Miller Industries, Inc. | 54,802 | 2,531,304 | ||||||
Mueller Industries, Inc. | 153,080 | 6,329,858 | ||||||
Mueller Water Products, Inc. Class A | 658,396 | 9,145,121 | ||||||
Omega Flex, Inc. | 14,166 | 2,236,528 | ||||||
Park-Ohio Holdings Corp. | 24,637 | 775,819 | ||||||
Shyft Group, Inc. (The) | 20,112 | 748,166 | ||||||
Standex International Corp. | 20,525 | 1,961,574 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2021
| Investments | Shares | Value | ||||||
Tennant Co. | 36,225 | $ | 2,894,015 | |||||
Trinity Industries, Inc. | 502,417 | 14,313,860 | ||||||
Wabash National Corp. | 130,672 | 2,456,634 | ||||||
|
| |||||||
| Total Machinery |
| 96,803,449 | ||||||
| Marine – 0.6% |
| |||||||
Matson, Inc. | 154,126 | 10,280,204 | ||||||
| Media – 1.4% |
| |||||||
Entravision Communications Corp. Class A | 332,968 | 1,345,191 | ||||||
EW Scripps Co. (The) Class A | 156,644 | 3,018,530 | ||||||
John Wiley & Sons, Inc. Class A | 221,405 | 12,000,151 | ||||||
Scholastic Corp. | 109,331 | 3,291,956 | ||||||
Sinclair Broadcast Group, Inc. Class A | 201,218 | 5,887,639 | ||||||
|
| |||||||
| Total Media |
| 25,543,467 | ||||||
| Metals & Mining – 3.5% |
| |||||||
Commercial Metals Co. | 644,030 | 19,861,885 | ||||||
Compass Minerals International, Inc. | 356,682 | 22,371,095 | ||||||
Gold Resource Corp. | 169,095 | 446,411 | ||||||
Haynes International, Inc. | 61,319 | 1,819,335 | ||||||
Hecla Mining Co.(a) | 207,436 | 1,180,311 | ||||||
Kaiser Aluminum Corp. | 67,208 | 7,426,484 | ||||||
Materion Corp. | 26,301 | 1,742,178 | ||||||
Olympic Steel, Inc. | 4,301 | 126,664 | ||||||
Schnitzer Steel Industries, Inc. Class A(a) | 105,753 | 4,419,418 | ||||||
SunCoke Energy, Inc. | 592,329 | 4,152,226 | ||||||
|
| |||||||
| Total Metals & Mining |
| 63,546,007 | ||||||
| Multi-Utilities – 1.3% |
| |||||||
Avista Corp. | 426,315 | 20,356,541 | ||||||
Unitil Corp. | 79,749 | 3,643,732 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 24,000,273 | ||||||
| Multiline Retail – 1.3% |
| |||||||
Big Lots, Inc. | 234,980 | 16,049,134 | ||||||
Franchise Group, Inc. | 226,694 | 8,185,920 | ||||||
|
| |||||||
| Total Multiline Retail |
| 24,235,054 | ||||||
| Oil, Gas & Consumable Fuels – 0.5% |
| |||||||
Adams Resources & Energy, Inc. | 22,308 | 624,847 | ||||||
Evolution Petroleum Corp. | 186,684 | 630,992 | ||||||
Falcon Minerals Corp.(a) | 564,383 | 2,534,080 | ||||||
NACCO Industries, Inc. Class A | 16,365 | 408,307 | ||||||
SM Energy Co. | 68,558 | 1,122,294 | ||||||
World Fuel Services Corp. | 117,761 | 4,145,187 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 9,465,707 | ||||||
| Paper & Forest Products – 1.2% |
| |||||||
Glatfelter Corp. | 217,781 | 3,734,944 | ||||||
Neenah, Inc. | 87,306 | 4,485,782 | ||||||
Schweitzer-Mauduit International, Inc. | 213,588 | 10,459,405 | ||||||
Verso Corp. Class A | 180,122 | 2,627,980 | ||||||
|
| |||||||
| Total Paper & Forest Products |
| 21,308,111 | ||||||
| Personal Products – 1.7% |
| |||||||
Edgewell Personal Care Co. | 129,024 | 5,109,350 | ||||||
Medifast, Inc. | 64,668 | 13,697,976 | ||||||
Nu Skin Enterprises, Inc. Class A | 219,617 | 11,615,543 | ||||||
|
| |||||||
| Total Personal Products |
| 30,422,869 | ||||||
| Pharmaceuticals – 0.1% |
| |||||||
Phibro Animal Health Corp. Class A | 86,096 | 2,100,742 | ||||||
| Professional Services – 1.5% |
| |||||||
Barrett Business Services, Inc. | 21,287 | 1,465,823 | ||||||
BGSF, Inc.(a) | 49,963 | 699,482 | ||||||
CRA International, Inc. | 25,758 | 1,922,577 | ||||||
Heidrick & Struggles International, Inc. | 66,397 | 2,371,701 | ||||||
ICF International, Inc. | 18,371 | 1,605,625 | ||||||
Kforce, Inc. | 63,035 | 3,378,676 | ||||||
Korn Ferry | 75,956 | 4,737,376 | ||||||
ManTech International Corp. Class A | 96,576 | 8,397,283 | ||||||
Resources Connection, Inc.(a) | 219,248 | 2,968,618 | ||||||
|
| |||||||
| Total Professional Services |
| 27,547,161 | ||||||
| Real Estate Management & Development – 0.7% |
| |||||||
Kennedy-Wilson Holdings, Inc. | 376,167 | 7,602,335 | ||||||
Newmark Group, Inc. Class A | 62,152 | 621,831 | ||||||
RE/MAX Holdings, Inc. Class A | 28,871 | 1,137,228 | ||||||
RMR Group, Inc. (The) Class A | 31,053 | 1,267,273 | ||||||
St. Joe Co. (The) | 31,052 | 1,332,131 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 11,960,798 | ||||||
| Road & Rail – 0.9% |
| |||||||
ArcBest Corp. | 43,691 | 3,074,536 | ||||||
Heartland Express, Inc. | 58,499 | 1,145,410 | ||||||
Marten Transport Ltd. | 118,860 | 2,017,054 | ||||||
Schneider National, Inc. Class B | 262,055 | 6,543,513 | ||||||
Universal Logistics Holdings, Inc. | 111,422 | 2,931,513 | ||||||
|
| |||||||
| Total Road & Rail |
| 15,712,026 | ||||||
| Semiconductors & Semiconductor Equipment – 0.2% |
| |||||||
NVE Corp.(a) | 55,320 | 3,877,932 | ||||||
| Software – 1.2% |
| |||||||
American Software, Inc. Class A | 113,082 | 2,340,797 | ||||||
Ebix, Inc.(a) | 41,734 | 1,336,740 | ||||||
InterDigital, Inc. | 105,904 | 6,719,609 | ||||||
Progress Software Corp. | 170,364 | 7,506,238 | ||||||
QAD, Inc. Class A | 16,529 | 1,100,501 | ||||||
Xperi Holding Corp.(a) | 167,267 | 3,641,402 | ||||||
|
| |||||||
| Total Software |
| 22,645,287 | ||||||
| Specialty Retail – 3.8% |
| |||||||
Big 5 Sporting Goods Corp.(a) | 240,532 | 3,776,352 | ||||||
Buckle, Inc. (The) | 274,883 | 10,797,404 | ||||||
Caleres, Inc. | 118,266 | 2,578,199 | ||||||
Camping World Holdings, Inc. Class A(a) | 84,935 | 3,089,935 | ||||||
Group 1 Automotive, Inc. | 25,659 | 4,048,734 | ||||||
Guess?, Inc.(a) | 214,775 | 5,047,213 | ||||||
Haverty Furniture Cos., Inc. | 130,167 | 4,840,911 | ||||||
Monro, Inc.(a) | 93,117 | 6,127,099 | ||||||
Rent-A-Center, Inc. | 413,278 | 23,829,609 | ||||||
Shoe Carnival, Inc. | 19,987 | 1,236,796 | ||||||
Sonic Automotive, Inc. Class A | 46,299 | 2,295,041 | ||||||
See Notes to Financial Statements.
| 74 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2021
| Investments | Shares | Value | ||||||
Winmark Corp. | 5,231 | $ | 975,215 | |||||
|
| |||||||
| Total Specialty Retail |
| 68,642,508 | ||||||
| Textiles, Apparel & Luxury Goods – 1.8% |
| |||||||
Culp, Inc. | 46,401 | 714,111 | ||||||
Kontoor Brands, Inc. | 469,750 | 22,796,968 | ||||||
Rocky Brands, Inc. | 25,398 | 1,373,016 | ||||||
Superior Group of Cos., Inc. | 56,916 | 1,446,805 | ||||||
Wolverine World Wide, Inc. | 162,904 | 6,242,481 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 32,573,381 | ||||||
| Thrifts & Mortgage Finance – 2.8% |
| |||||||
Capitol Federal Financial, Inc. | 346,124 | 4,584,412 | ||||||
ESSA Bancorp, Inc.(a) | 19,889 | 318,224 | ||||||
Federal Agricultural Mortgage Corp. Class C | 22,923 | 2,308,805 | ||||||
Flagstar Bancorp, Inc. | 20,688 | 933,029 | ||||||
FS Bancorp, Inc. | 6,863 | 461,194 | ||||||
Hingham Institution For Savings (The) | 1,145 | 324,905 | ||||||
Home Bancorp, Inc. | 14,858 | 535,631 | ||||||
HomeStreet, Inc. | 17,948 | 790,968 | ||||||
Kearny Financial Corp. | 151,913 | 1,835,109 | ||||||
Luther Burbank Corp. | 78,796 | 932,157 | ||||||
Merchants Bancorp | 31,467 | 1,319,726 | ||||||
Meridian Bancorp, Inc. | 58,431 | 1,076,299 | ||||||
Meta Financial Group, Inc. | 11,752 | 532,483 | ||||||
Northfield Bancorp, Inc. | 124,039 | 1,974,701 | ||||||
Northwest Bancshares, Inc. | 450,075 | 6,503,584 | ||||||
OP Bancorp(a) | 38,294 | 402,853 | ||||||
PCSB Financial Corp. | 9,659 | 160,436 | ||||||
Premier Financial Corp. | 88,464 | 2,942,313 | ||||||
Provident Bancorp, Inc.(a) | 21,641 | 311,630 | ||||||
Provident Financial Holdings, Inc. | 25,166 | 425,305 | ||||||
Provident Financial Services, Inc. | 246,935 | 5,501,712 | ||||||
Prudential Bancorp, Inc.(a) | 5,290 | 78,080 | ||||||
Riverview Bancorp, Inc. | 59,270 | 410,741 | ||||||
Southern Missouri Bancorp, Inc. | 14,167 | 558,463 | ||||||
Territorial Bancorp, Inc. | 19,485 | 515,573 | ||||||
Timberland Bancorp, Inc. | 10,833 | 301,266 | ||||||
TrustCo Bank Corp. | 256,457 | 1,890,088 | ||||||
Walker & Dunlop, Inc. | 44,677 | 4,590,115 | ||||||
Washington Federal, Inc. | 150,628 | 4,639,342 | ||||||
Waterstone Financial, Inc. | 64,571 | 1,318,540 | ||||||
Western New England Bancorp, Inc. | 43,665 | 368,096 | ||||||
WSFS Financial Corp.(a) | 35,896 | 1,787,262 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 50,633,042 | ||||||
| Tobacco – 2.4% |
| |||||||
Turning Point Brands, Inc.(a) | 14,207 | 741,179 | ||||||
Universal Corp. | 224,574 | 13,247,620 | ||||||
Vector Group Ltd. | 2,208,167 | 30,803,930 | ||||||
|
| |||||||
| Total Tobacco |
| 44,792,729 | ||||||
| Trading Companies & Distributors – 1.9% |
| |||||||
Boise Cascade Co. | 79,121 | 4,733,809 | ||||||
CAI International, Inc. | 80,800 | 3,678,016 | ||||||
H&E Equipment Services, Inc. | 205,940 | 7,825,720 | ||||||
McGrath RentCorp | 97,477 | 7,861,520 | ||||||
Rush Enterprises, Inc. Class A | 113,308 | 5,646,138 | ||||||
Systemax, Inc. | 131,313 | 5,399,591 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 35,144,794 | ||||||
| Water Utilities – 1.2% |
| |||||||
Artesian Resources Corp. Class A | 52,669 | 2,074,105 | ||||||
California Water Service Group | 182,424 | 10,277,768 | ||||||
Global Water Resources, Inc.(a) | 61,406 | 1,001,532 | ||||||
Middlesex Water Co. | 35,851 | 2,832,946 | ||||||
SJW Group | 75,961 | 4,784,784 | ||||||
York Water Co. (The)(a) | 32,272 | 1,580,360 | ||||||
|
| |||||||
| Total Water Utilities |
| 22,551,495 | ||||||
| Wireless Telecommunication Services – 1.1% |
| |||||||
Shenandoah Telecommunications Co. | 87,241 | 4,258,233 | ||||||
Spok Holdings, Inc. | 198,227 | 2,079,401 | ||||||
Telephone & Data Systems, Inc. | 584,524 | 13,420,671 | ||||||
|
| |||||||
| Total Wireless Telecommunication Services |
| 19,758,305 | ||||||
| Total United States |
| 1,817,627,962 | ||||||
| Puerto Rico – 0.4% |
| |||||||
| Banks – 0.2% |
| |||||||
First Bancorp | 295,962 | 3,332,532 | ||||||
OFG Bancorp | 44,607 | 1,009,010 | ||||||
|
| |||||||
| Total Banks |
| 4,341,542 | ||||||
| IT Services – 0.2% |
| |||||||
EVERTEC, Inc. | 82,684 | 3,077,499 | ||||||
| Total Puerto Rico |
| 7,419,041 | ||||||
TOTAL COMMON STOCKS (Cost: $1,536,407,490) |
| 1,825,047,003 | ||||||
| EXCHANGE-TRADED FUND – 0.0% |
| |||||||
| United States – 0.0% |
| |||||||
WisdomTree U.S. MidCap Dividend Fund(a)(b) | ||||||||
| (Cost: $7,598) | 327 | 13,217 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3% |
| |||||||
| United States – 2.3% |
| |||||||
State Street Navigator Securities Lending |
| |||||||
| (Cost: $42,279,171) | 42,279,171 | 42,279,171 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.1% (Cost: $1,578,694,259) |
| 1,867,339,391 | ||||||
Other Assets less Liabilities – (2.1)% |
| (37,516,517 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 1,829,822,874 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $82,797,403 and the total market value of the collateral held by the Fund was $85,277,728. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $42,998,557. |
| (b) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
See Notes to Financial Statements.
| WisdomTree Trust | 75 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2021
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree U.S. MidCap Dividend Fund | $ | 2,449,921 | $ | 18,192,472 | $ | 23,109,516 | $ | 2,556,443 | $ | (76,103 | ) | $ | 13,217 | $ | 102,535 | |||||||||||||
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 1,825,047,003 | $ | — | $ | — | $ | 1,825,047,003 | ||||||||
Exchange-Traded Fund | 13,217 | — | — | 13,217 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 42,279,171 | — | 42,279,171 | ||||||||||||
Total Investments in Securities | $ | 1,825,060,220 | $ | 42,279,171 | $ | — | $ | 1,867,339,391 | ||||||||
See Notes to Financial Statements.
| 76 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree U.S. SmallCap Fund (EES)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% | ||||||||
| United States – 99.7% |
| |||||||
| Aerospace & Defense – 1.0% |
| |||||||
Aerovironment, Inc.* | 6,458 | $ | 749,515 | |||||
Cubic Corp. | 8,980 | 669,639 | ||||||
Ducommun, Inc.* | 9,554 | 573,240 | ||||||
Kaman Corp. | 7,618 | 390,727 | ||||||
National Presto Industries, Inc. | 7,445 | 759,911 | ||||||
PAE, Inc.*(a) | 40,906 | 368,972 | ||||||
Park Aerospace Corp. | 16,377 | 216,504 | ||||||
Triumph Group, Inc. | 113,039 | 2,077,657 | ||||||
Vectrus, Inc.* | 10,859 | 580,305 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 6,386,470 | ||||||
| Air Freight & Logistics – 1.3% |
| |||||||
Air Transport Services Group, Inc.* | 48,973 | 1,432,950 | ||||||
Atlas Air Worldwide Holdings, Inc.* | 60,027 | 3,628,032 | ||||||
Echo Global Logistics, Inc.* | 7,921 | 248,799 | ||||||
Forward Air Corp. | 12,255 | 1,088,366 | ||||||
Hub Group, Inc. Class A* | 19,825 | 1,333,826 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 7,731,973 | ||||||
| Airlines – 0.2% |
| |||||||
Mesa Air Group, Inc.* | 70,771 | 951,870 | ||||||
| Auto Components – 1.2% |
| |||||||
Cooper Tire & Rubber Co. | 51,840 | 2,902,003 | ||||||
Gentherm, Inc.* | 13,040 | 966,394 | ||||||
Modine Manufacturing Co.* | 35,867 | 529,756 | ||||||
Motorcar Parts of America, Inc.* | 7,439 | 167,378 | ||||||
Patrick Industries, Inc. | 18,000 | 1,530,000 | ||||||
Standard Motor Products, Inc. | 19,614 | 815,550 | ||||||
XPEL, Inc.*(a) | 6,281 | 326,172 | ||||||
|
| |||||||
| Total Auto Components |
| 7,237,253 | ||||||
| Automobiles – 0.2% |
| |||||||
Winnebago Industries, Inc. | 17,810 | 1,366,205 | ||||||
| Banks – 13.7% |
| |||||||
1st Source Corp. | 22,858 | 1,087,584 | ||||||
Allegiance Bancshares, Inc. | 8,660 | 351,076 | ||||||
Altabancorp | 13,185 | 554,297 | ||||||
Amalgamated Financial Corp. | 19,657 | 326,110 | ||||||
American National Bankshares, Inc. | 162 | 5,357 | ||||||
Arrow Financial Corp. | 11,662 | 388,461 | ||||||
Atlantic Capital Bancshares, Inc.* | 2,461 | 59,310 | ||||||
BancFirst Corp. | 16,771 | 1,185,542 | ||||||
Bancorp, Inc. (The)* | 48,731 | 1,009,706 | ||||||
Bank First Corp. | 3,446 | 258,416 | ||||||
Bank of Marin Bancorp | 6,471 | 253,404 | ||||||
Banner Corp. | 23,920 | 1,275,654 | ||||||
Baycom Corp.* | 5,044 | 90,893 | ||||||
BCB Bancorp, Inc. | 346 | 4,775 | ||||||
Berkshire Hills Bancorp, Inc. | 15,523 | 346,473 | ||||||
Brookline Bancorp, Inc. | 19,212 | 288,180 | ||||||
Bryn Mawr Bank Corp. | 2,348 | 106,857 | ||||||
Business First Bancshares, Inc. | 7,651 | 183,088 | ||||||
Byline Bancorp, Inc. | 14,620 | 309,213 | ||||||
Cadence BanCorp | 38,028 | 788,320 | ||||||
Cambridge Bancorp | 209 | 17,623 | ||||||
Camden National Corp. | 9,551 | 457,111 | ||||||
Capital City Bank Group, Inc. | 8,789 | 228,690 | ||||||
Capstar Financial Holdings, Inc. | 342 | 5,900 | ||||||
CBTX, Inc. | 4,299 | 132,065 | ||||||
Central Pacific Financial Corp. | 11,663 | 311,169 | ||||||
Central Valley Community Bancorp | 1,905 | 35,071 | ||||||
Century Bancorp, Inc. Class A | 3,915 | 365,309 | ||||||
ChoiceOne Financial Services, Inc. | 5,806 | 139,634 | ||||||
Citizens & Northern Corp. | 9,423 | 224,079 | ||||||
City Holding Co. | 15,448 | 1,263,337 | ||||||
Civista Bancshares, Inc. | 3,322 | 76,207 | ||||||
CNB Financial Corp. | 16,282 | 400,700 | ||||||
Community Trust Bancorp, Inc. | 17,993 | 792,232 | ||||||
ConnectOne Bancorp, Inc. | 43,767 | 1,109,493 | ||||||
Customers Bancorp, Inc.* | 53,772 | 1,711,025 | ||||||
Dime Community Bancshares, Inc. | 36,133 | 1,089,049 | ||||||
Eagle Bancorp Montana, Inc. | 5,706 | 138,770 | ||||||
Eagle Bancorp, Inc. | 38,137 | 2,029,270 | ||||||
Enterprise Bancorp, Inc. | 222 | 7,219 | ||||||
Enterprise Financial Services Corp. | 25,040 | 1,237,978 | ||||||
Esquire Financial Holdings, Inc.* | 3,608 | 82,298 | ||||||
Farmers National Banc Corp. | 27,878 | 465,563 | ||||||
FB Financial Corp. | 14,163 | 629,687 | ||||||
Financial Institutions, Inc. | 6,113 | 185,163 | ||||||
First Bancorp | 22,419 | 975,226 | ||||||
First Bancshares, Inc. (The) | 8,308 | 304,156 | ||||||
First Busey Corp. | 56,910 | 1,459,741 | ||||||
First Business Financial Services, Inc. | 192 | 4,748 | ||||||
First Choice Bancorp | 270 | 6,564 | ||||||
First Commonwealth Financial Corp. | 84,010 | 1,207,224 | ||||||
First Community Bankshares, Inc. | 12,451 | 373,405 | ||||||
First Financial Bancorp | 102,199 | 2,452,776 | ||||||
First Financial Corp. | 15,897 | 715,524 | ||||||
First Foundation, Inc. | 44,314 | 1,039,606 | ||||||
First Internet Bancorp | 4,830 | 170,161 | ||||||
First Interstate BancSystem, Inc. Class A | 54,605 | 2,514,014 | ||||||
First Merchants Corp. | 49,353 | 2,294,914 | ||||||
First Mid Bancshares, Inc. | 12,667 | 556,461 | ||||||
First of Long Island Corp. (The) | 21,367 | 454,049 | ||||||
Flushing Financial Corp. | 24,545 | 521,090 | ||||||
Fulton Financial Corp. | 155,842 | 2,653,989 | ||||||
German American Bancorp, Inc. | 11,748 | 542,993 | ||||||
Great Southern Bancorp, Inc. | 13,541 | 767,368 | ||||||
Guaranty Bancshares, Inc. | 2,264 | 83,202 | ||||||
HarborOne Bancorp, Inc. | 33,651 | 453,279 | ||||||
HBT Financial, Inc. | 23,330 | 399,410 | ||||||
Heartland Financial USA, Inc. | 37,665 | 1,893,043 | ||||||
Heritage Commerce Corp. | 8,717 | 106,522 | ||||||
Heritage Financial Corp. | 6,508 | 183,786 | ||||||
Hope Bancorp, Inc. | 136,093 | 2,049,561 | ||||||
Horizon Bancorp, Inc. | 33,539 | 623,155 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 77 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Fund (EES)
March 31, 2021
| Investments | Shares | Value | ||||||
Independent Bank Corp. | 20,564 | $ | 486,133 | |||||
International Bancshares Corp. | 58,170 | 2,700,251 | ||||||
Lakeland Bancorp, Inc. | 48,146 | 839,185 | ||||||
Lakeland Financial Corp. | 16,547 | 1,144,887 | ||||||
Live Oak Bancshares, Inc. | 10,026 | 686,681 | ||||||
Macatawa Bank Corp. | 576 | 5,731 | ||||||
Mercantile Bank Corp. | 8,561 | 277,976 | ||||||
Metrocity Bankshares, Inc. | 17,197 | 264,490 | ||||||
Metropolitan Bank Holding Corp.* | 4,936 | 248,577 | ||||||
Midland States Bancorp, Inc. | 24,201 | 671,336 | ||||||
MidWestOne Financial Group, Inc. | 2,531 | 78,385 | ||||||
National Bank Holdings Corp. Class A | 29,688 | 1,178,020 | ||||||
National Bankshares, Inc. | 1,042 | 37,001 | ||||||
NBT Bancorp, Inc. | 37,001 | 1,476,340 | ||||||
Nicolet Bankshares, Inc.* | 8,521 | 711,163 | ||||||
Northeast Bank | 5,333 | 140,738 | ||||||
Northrim Bancorp, Inc. | 5,870 | 249,534 | ||||||
OceanFirst Financial Corp. | 46,400 | 1,110,816 | ||||||
Old Second Bancorp, Inc. | 6,421 | 84,821 | ||||||
Origin Bancorp, Inc. | 3,677 | 155,942 | ||||||
Orrstown Financial Services, Inc. | 510 | 11,373 | ||||||
Parke Bancorp, Inc. | 4,814 | 96,232 | ||||||
Peapack-Gladstone Financial Corp. | 6,519 | 201,307 | ||||||
Peoples Bancorp, Inc. | 771 | 25,574 | ||||||
Peoples Financial Services Corp. | 114 | 4,815 | ||||||
Preferred Bank | 10,915 | 695,067 | ||||||
Premier Financial Bancorp, Inc. | 282 | 5,242 | ||||||
Primis Financial Corp. | 450 | 6,543 | ||||||
Professional Holding Corp. Class A* | 4,666 | 85,714 | ||||||
QCR Holdings, Inc. | 15,889 | 750,279 | ||||||
RBB Bancorp | 7,171 | 145,356 | ||||||
Red River Bancshares, Inc. | 3,562 | 199,508 | ||||||
Reliant Bancorp, Inc. | 5,660 | 162,555 | ||||||
Renasant Corp. | 27,858 | 1,152,764 | ||||||
Republic Bancorp, Inc. Class A | 13,469 | 596,542 | ||||||
Sandy Spring Bancorp, Inc. | 25,841 | 1,122,275 | ||||||
Seacoast Banking Corp. of Florida* | 30,561 | 1,107,531 | ||||||
ServisFirst Bancshares, Inc. | 47,696 | 2,925,196 | ||||||
Shore Bancshares, Inc.(a) | 5,923 | 100,809 | ||||||
Sierra Bancorp | 12,891 | 345,479 | ||||||
Silvergate Capital Corp. Class A* | 4,699 | 668,057 | ||||||
SmartFinancial, Inc. | 1,480 | 32,042 | ||||||
Southern First Bancshares, Inc.* | 141 | 6,610 | ||||||
Southside Bancshares, Inc. | 17,123 | 659,407 | ||||||
Spirit of Texas Bancshares, Inc. | 168 | 3,748 | ||||||
Stock Yards Bancorp, Inc. | 13,402 | 684,306 | ||||||
Towne Bank | 68,486 | 2,081,974 | ||||||
TriCo Bancshares | 13,910 | 658,917 | ||||||
Triumph Bancorp, Inc.* | 7,410 | 573,460 | ||||||
Trustmark Corp. | 60,922 | 2,050,635 | ||||||
United Community Banks, Inc. | 68,178 | 2,326,233 | ||||||
Univest Financial Corp. | 7,526 | 215,168 | ||||||
Veritex Holdings, Inc. | 36,009 | 1,178,214 | ||||||
Washington Trust Bancorp, Inc. | 12,039 | 621,574 | ||||||
WesBanco, Inc. | 47,146 | 1,700,085 | ||||||
West Bancorp, Inc. | 4,779 | 115,126 | ||||||
Westamerica BanCorp | 11,621 | 729,566 | ||||||
|
| |||||||
| Total Banks |
| 83,406,615 | ||||||
| Beverages – 0.5% |
| |||||||
Coca-Cola Consolidated, Inc. | 7,792 | 2,250,174 | ||||||
MGP Ingredients, Inc. | 14,911 | 881,985 | ||||||
|
| |||||||
| Total Beverages |
| 3,132,159 | ||||||
| Biotechnology – 1.2% |
| |||||||
Anika Therapeutics, Inc.* | 3,872 | 157,939 | ||||||
Catalyst Pharmaceuticals, Inc.* | 249,771 | 1,151,444 | ||||||
Coherus Biosciences, Inc.*(a) | 128,307 | 1,874,565 | ||||||
Eagle Pharmaceuticals, Inc.* | 2,907 | 121,338 | ||||||
Ironwood Pharmaceuticals, Inc.* | 181,920 | 2,033,866 | ||||||
MiMedx Group, Inc.*(a) | 34,924 | 359,717 | ||||||
Sutro Biopharma, Inc.* | 13,298 | 302,663 | ||||||
Vanda Pharmaceuticals, Inc.* | 22,397 | 336,403 | ||||||
Vericel Corp.*(a) | 11,501 | 638,881 | ||||||
Voyager Therapeutics, Inc.*(a) | 79,030 | 372,231 | ||||||
|
| |||||||
| Total Biotechnology |
| 7,349,047 | ||||||
| Building Products – 1.4% |
| |||||||
American Woodmark Corp.* | 14,319 | 1,411,567 | ||||||
Apogee Enterprises, Inc. | 25,662 | 1,049,063 | ||||||
Cornerstone Building Brands, Inc.* | 111,936 | 1,570,462 | ||||||
CSW Industrials, Inc. | 6,720 | 907,200 | ||||||
Griffon Corp. | 57,018 | 1,549,179 | ||||||
Insteel Industries, Inc. | 16,329 | 503,586 | ||||||
PGT Innovations, Inc.* | 37,121 | 937,305 | ||||||
Quanex Building Products Corp. | 26,048 | 683,239 | ||||||
|
| |||||||
| Total Building Products |
| 8,611,601 | ||||||
| Capital Markets – 1.7% |
| |||||||
B. Riley Financial, Inc. | 12,563 | 708,302 | ||||||
BGC Partners, Inc. Class A | 134,068 | 647,548 | ||||||
Brightsphere Investment Group, Inc. | 97,302 | 1,983,015 | ||||||
Cowen, Inc. Class A | 55,577 | 1,953,532 | ||||||
Diamond Hill Investment Group, Inc. | 1,541 | 240,411 | ||||||
Donnelley Financial Solutions, Inc.* | 12,391 | 344,842 | ||||||
Focus Financial Partners, Inc. Class A* | 11,005 | 458,028 | ||||||
Oppenheimer Holdings, Inc. Class A | 20,624 | 825,991 | ||||||
Piper Sandler Cos. | 4,554 | 499,346 | ||||||
PJT Partners, Inc. Class A | 8,041 | 543,974 | ||||||
StoneX Group, Inc.* | 21,263 | 1,390,175 | ||||||
Victory Capital Holdings, Inc. Class A(a) | 34,697 | 886,855 | ||||||
|
| |||||||
| Total Capital Markets |
| 10,482,019 | ||||||
| Chemicals – 1.9% |
| |||||||
AdvanSix, Inc.* | 18,756 | 503,036 | ||||||
American Vanguard Corp. | 11,765 | 240,124 | ||||||
Ferro Corp.* | 34,721 | 585,396 | ||||||
FutureFuel Corp. | 72,884 | 1,059,005 | ||||||
GCP Applied Technologies, Inc.* | 26,351 | 646,654 | ||||||
Hawkins, Inc. | 21,889 | 733,719 | ||||||
Innospec, Inc. | 11,423 | 1,173,028 | ||||||
See Notes to Financial Statements.
| 78 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Fund (EES)
March 31, 2021
| Investments | Shares | Value | ||||||
Koppers Holdings, Inc.* | 43,003 | $ | 1,494,784 | |||||
Kronos Worldwide, Inc. | 65,310 | 999,243 | ||||||
Minerals Technologies, Inc. | 32,726 | 2,464,922 | ||||||
PQ Group Holdings, Inc. | 74,285 | 1,240,559 | ||||||
Tredegar Corp. | 20,728 | 311,127 | ||||||
|
| |||||||
| Total Chemicals |
| 11,451,597 | ||||||
| Commercial Services & Supplies – 2.4% |
| |||||||
ACCO Brands Corp. | 149,795 | 1,264,270 | ||||||
CECO Environmental Corp.* | 47,052 | 373,122 | ||||||
Deluxe Corp. | 83,783 | 3,515,535 | ||||||
Ennis, Inc. | 28,645 | 611,571 | ||||||
Healthcare Services Group, Inc. | 49,273 | 1,381,122 | ||||||
HNI Corp. | 38,033 | 1,504,585 | ||||||
Interface, Inc. | 99,872 | 1,246,403 | ||||||
Kimball International, Inc. Class B | 55,303 | 774,242 | ||||||
Matthews International Corp. Class A | 8,059 | 318,733 | ||||||
Pitney Bowes, Inc. | 66,724 | 549,806 | ||||||
Steelcase, Inc. Class A | 163,610 | 2,354,348 | ||||||
U.S. Ecology, Inc.* | 6,133 | 255,378 | ||||||
Vidler Water Resources, Inc.* | 11,730 | 104,397 | ||||||
VSE Corp. | 15,007 | 592,777 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 14,846,289 | ||||||
| Communications Equipment – 0.7% |
| |||||||
Aviat Networks, Inc.*(a) | 6,144 | 436,470 | ||||||
Calix, Inc.* | 15,750 | 545,895 | ||||||
Casa Systems, Inc.* | 21,926 | 208,955 | ||||||
Clearfield, Inc.* | 7,764 | 233,929 | ||||||
Comtech Telecommunications Corp. | 24,382 | 605,649 | ||||||
Digi International, Inc.* | 15,604 | 296,320 | ||||||
Genasys, Inc.*(a) | 16,350 | 109,381 | ||||||
NETGEAR, Inc.* | 14,487 | 595,416 | ||||||
NetScout Systems, Inc.* | 17,975 | 506,176 | ||||||
PCTEL, Inc.* | 25,751 | 178,969 | ||||||
Ribbon Communications, Inc.* | 42,103 | 345,666 | ||||||
|
| |||||||
| Total Communications Equipment |
| 4,062,826 | ||||||
| Construction & Engineering – 2.2% |
| |||||||
Aegion Corp.* | 23,954 | 688,677 | ||||||
Ameresco, Inc. Class A* | 19,047 | 926,256 | ||||||
Comfort Systems USA, Inc. | 36,835 | 2,754,153 | ||||||
Construction Partners, Inc. Class A* | 23,457 | 700,895 | ||||||
Dycom Industries, Inc.* | 10,639 | 987,831 | ||||||
Great Lakes Dredge & Dock Corp.* | 78,452 | 1,143,830 | ||||||
IES Holdings, Inc.* | 13,333 | 672,116 | ||||||
Matrix Service Co.* | 8,761 | 114,857 | ||||||
MYR Group, Inc.* | 13,480 | 966,112 | ||||||
Northwest Pipe Co.*(a) | 17,299 | 578,133 | ||||||
NV5 Global, Inc.* | 5,558 | 536,736 | ||||||
Orion Group Holdings, Inc.* | 55,989 | 339,853 | ||||||
Primoris Services Corp. | 49,795 | 1,649,708 | ||||||
Sterling Construction Co., Inc.* | 58,228 | 1,350,890 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 13,410,047 | ||||||
| Construction Materials – 0.4% |
| |||||||
Forterra, Inc.* | 40,878 | 950,413 | ||||||
U.S. Concrete, Inc.*(a) | 11,908 | 873,095 | ||||||
United States Lime & Minerals, Inc. | 3,537 | 472,932 | ||||||
|
| |||||||
| Total Construction Materials |
| 2,296,440 | ||||||
| Consumer Finance – 2.9% |
| |||||||
Curo Group Holdings Corp. | 101,231 | 1,476,960 | ||||||
Elevate Credit, Inc.* | 70,895 | 207,013 | ||||||
Encore Capital Group, Inc.* | 64,533 | 2,596,163 | ||||||
Enova International, Inc.* | 77,845 | 2,761,941 | ||||||
EZCORP, Inc. Class A* | 12,717 | 63,203 | ||||||
Navient Corp. | 434,876 | 6,223,076 | ||||||
Nelnet, Inc. Class A | 31,377 | 2,282,363 | ||||||
PRA Group, Inc.* | 36,074 | 1,337,263 | ||||||
Regional Management Corp. | 4,636 | 160,684 | ||||||
World Acceptance Corp.* | 3,254 | 422,239 | ||||||
|
| |||||||
| Total Consumer Finance |
| 17,530,905 | ||||||
| Containers & Packaging – 0.6% |
| |||||||
Myers Industries, Inc. | 28,600 | 565,136 | ||||||
O-I Glass, Inc. | 171,247 | 2,524,181 | ||||||
UFP Technologies, Inc.* | 7,307 | 364,035 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 3,453,352 | ||||||
| Distributors – 0.2% |
| |||||||
Core-Mark Holding Co., Inc. | 30,172 | 1,167,355 | ||||||
Educational Development Corp. | 12,997 | 221,599 | ||||||
|
| |||||||
| Total Distributors |
| 1,388,954 | ||||||
| Diversified Consumer Services – 1.8% |
| |||||||
Adtalem Global Education, Inc.* | 59,210 | 2,341,163 | ||||||
American Public Education, Inc.* | 10,853 | 386,692 | ||||||
Carriage Services, Inc. | 14,986 | 527,357 | ||||||
Graham Holdings Co. Class B | 4,306 | 2,421,867 | ||||||
Laureate Education, Inc. Class A* | 58,247 | 791,577 | ||||||
Lincoln Educational Services Corp.* | 34,377 | 220,357 | ||||||
Perdoceo Education Corp.* | 124,364 | 1,487,394 | ||||||
Stride, Inc.* | 33,974 | 1,022,957 | ||||||
WW International, Inc.* | 51,804 | 1,620,429 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 10,819,793 | ||||||
| Diversified Financial Services – 0.2% |
| |||||||
A-Mark Precious Metals, Inc. | 15,344 | 552,384 | ||||||
Alerus Financial Corp. | 15,133 | 450,661 | ||||||
|
| |||||||
| Total Diversified Financial Services |
| 1,003,045 | ||||||
| Diversified Telecommunication Services – 0.2% |
| |||||||
ATN International, Inc. | 3,351 | 164,601 | ||||||
Consolidated Communications Holdings, Inc.* | 48,762 | 351,087 | ||||||
IDT Corp. Class B* | 31,011 | 702,709 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 1,218,397 | ||||||
| Electric Utilities – 0.3% |
| |||||||
Genie Energy Ltd. Class B | 40,948 | 259,610 | ||||||
Otter Tail Corp. | 29,388 | 1,356,844 | ||||||
Spark Energy, Inc. Class A | 36,805 | 393,078 | ||||||
|
| |||||||
| Total Electric Utilities |
| 2,009,532 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 79 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Fund (EES)
March 31, 2021
| Investments | Shares | Value | ||||||
| Electrical Equipment – 1.3% |
| |||||||
Allied Motion Technologies, Inc. | 6,839 | $ | 351,046 | |||||
Atkore, Inc.* | 50,922 | 3,661,292 | ||||||
AZZ, Inc. | 17,116 | 861,791 | ||||||
Encore Wire Corp. | 16,442 | 1,103,751 | ||||||
LSI Industries, Inc. | 22,580 | 192,607 | ||||||
Orion Energy Systems, Inc.*(a) | 11,994 | 83,478 | ||||||
Powell Industries, Inc. | 12,456 | 421,885 | ||||||
Preformed Line Products Co. | 8,608 | 591,800 | ||||||
TPI Composites, Inc.*(a) | 8,603 | 485,467 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 7,753,117 | ||||||
| Electronic Equipment, Instruments & Components – 2.2% |
| |||||||
Bel Fuse, Inc. Class B | 12,800 | 254,592 | ||||||
Belden, Inc. | 28,222 | 1,252,210 | ||||||
Benchmark Electronics, Inc. | 12,003 | 371,133 | ||||||
CTS Corp. | 17,466 | 542,494 | ||||||
Daktronics, Inc. | 29,833 | 187,053 | ||||||
ePlus, Inc.* | 12,481 | 1,243,607 | ||||||
Kimball Electronics, Inc.* | 31,897 | 822,943 | ||||||
Knowles Corp.* | 23,722 | 496,264 | ||||||
Luna Innovations, Inc.* | 22,433 | 236,219 | ||||||
Methode Electronics, Inc. | 37,205 | 1,561,866 | ||||||
MTS Systems Corp. | 5,778 | 336,280 | ||||||
Napco Security Technologies, Inc.*(a) | 8,318 | 289,716 | ||||||
OSI Systems, Inc.* | 11,884 | 1,142,052 | ||||||
PC Connection, Inc. | 20,245 | 939,165 | ||||||
Sanmina Corp.* | 66,818 | 2,764,929 | ||||||
TTM Technologies, Inc.* | 48,201 | 698,914 | ||||||
Vishay Precision Group, Inc.* | 10,454 | 322,088 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 13,461,525 | ||||||
| Energy Equipment & Services – 0.9% |
| |||||||
Archrock, Inc. | 110,375 | 1,047,459 | ||||||
Bristow Group, Inc.* | 53,745 | 1,390,921 | ||||||
Cactus, Inc. Class A | 27,868 | 853,318 | ||||||
DMC Global, Inc. | 7,079 | 384,107 | ||||||
Dril-Quip, Inc.* | 8,276 | 275,011 | ||||||
Helix Energy Solutions Group, Inc.* | 43,003 | 217,165 | ||||||
Natural Gas Services Group, Inc.* | 9,625 | 90,860 | ||||||
ProPetro Holding Corp.* | 87,961 | 937,664 | ||||||
Solaris Oilfield Infrastructure, Inc. Class A | 45,414 | 557,230 | ||||||
|
| |||||||
| Total Energy Equipment & Services |
| 5,753,735 | ||||||
| Entertainment – 0.8% |
| |||||||
Glu Mobile, Inc.* | 47,138 | 588,282 | ||||||
Madison Square Garden Entertainment Corp.* | 5,002 | 409,164 | ||||||
Sciplay Corp. Class A* | 27,064 | 437,896 | ||||||
World Wrestling Entertainment, Inc. Class A | 59,667 | 3,237,531 | ||||||
|
| |||||||
| Total Entertainment |
| 4,672,873 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 3.8% |
| |||||||
Acadia Realty Trust | 67,489 | 1,280,266 | ||||||
Alexander & Baldwin, Inc. | 13,217 | 221,914 | ||||||
Alexander’s, Inc. | 2,021 | 560,423 | ||||||
Alpine Income Property Trust, Inc. | 7,992 | 138,741 | ||||||
American Assets Trust, Inc. | 21,193 | 687,501 | ||||||
Armada Hoffler Properties, Inc. | 49,695 | 623,175 | ||||||
Brandywine Realty Trust | 49,743 | 642,182 | ||||||
Brookfield Property REIT, Inc. Class A | 81,635 | 1,465,348 | ||||||
CareTrust REIT, Inc. | 52,919 | 1,232,219 | ||||||
Community Healthcare Trust, Inc. | 6,536 | 301,440 | ||||||
CoreCivic, Inc. | 28,853 | 261,120 | ||||||
Easterly Government Properties, Inc. | 20,643 | 427,929 | ||||||
Empire State Realty Trust, Inc. Class A(a) | 40,238 | 447,849 | ||||||
Farmland Partners, Inc. | 26,935 | 301,941 | ||||||
Four Corners Property Trust, Inc. | 37,278 | 1,021,417 | ||||||
GEO Group, Inc. (The)(a) | 217,417 | 1,687,156 | ||||||
Getty Realty Corp. | 27,297 | 773,051 | ||||||
Gladstone Land Corp. | 12,056 | 220,625 | ||||||
Industrial Logistics Properties Trust | 35,174 | 813,575 | ||||||
LTC Properties, Inc. | 25,940 | 1,082,217 | ||||||
Monmouth Real Estate Investment Corp. | 24,274 | 429,407 | ||||||
Office Properties Income Trust | 12,976 | 357,100 | ||||||
One Liberty Properties, Inc. | 16,311 | 363,246 | ||||||
Paramount Group, Inc. | 57,014 | 577,552 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 42,052 | 730,443 | ||||||
Retail Opportunity Investments Corp. | 100,241 | 1,590,825 | ||||||
Retail Properties of America, Inc. Class A | 63,362 | 664,034 | ||||||
RPT Realty | 87,817 | 1,001,992 | ||||||
Saul Centers, Inc. | 17,083 | 685,199 | ||||||
Tanger Factory Outlet Centers, Inc. | 51,721 | 782,539 | ||||||
Universal Health Realty Income Trust | 5,126 | 347,440 | ||||||
Urban Edge Properties | 52,285 | 863,748 | ||||||
Urstadt Biddle Properties, Inc. Class A | 16,163 | 269,114 | ||||||
Whitestone REIT | 46,059 | 446,772 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 23,299,500 | ||||||
| Food & Staples Retailing – 1.8% |
| |||||||
Ingles Markets, Inc. Class A | 30,980 | 1,909,917 | ||||||
Natural Grocers by Vitamin Cottage, Inc. | 24,938 | 437,662 | ||||||
Rite Aid Corp.* | 48,121 | 984,556 | ||||||
SpartanNash Co. | 62,448 | 1,225,854 | ||||||
United Natural Foods, Inc.* | 123,386 | 4,064,335 | ||||||
Village Super Market, Inc. Class A | 20,134 | 474,558 | ||||||
Weis Markets, Inc. | 34,457 | 1,947,510 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 11,044,392 | ||||||
| Food Products – 1.4% |
| |||||||
Alico, Inc. | 8,754 | 261,394 | ||||||
B&G Foods, Inc. | 63,702 | 1,978,584 | ||||||
Cal-Maine Foods, Inc.* | 14,262 | 547,946 | ||||||
Calavo Growers, Inc. | 5,457 | 423,682 | ||||||
Hostess Brands, Inc.* | 67,700 | 970,818 | ||||||
John B. Sanfilippo & Son, Inc. | 10,845 | 980,063 | ||||||
Seneca Foods Corp. Class A* | 22,118 | 1,041,537 | ||||||
Simply Good Foods Co. (The)* | 23,341 | 710,033 | ||||||
Tootsie Roll Industries, Inc. | 27,226 | 901,986 | ||||||
Utz Brands, Inc. | 16,829 | 417,191 | ||||||
Whole Earth Brands, Inc.*(a) | 17,025 | 222,006 | ||||||
|
| |||||||
| Total Food Products |
| 8,455,240 | ||||||
See Notes to Financial Statements.
| 80 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Fund (EES)
March 31, 2021
| Investments | Shares | Value | ||||||
| Gas Utilities – 0.3% |
| |||||||
Chesapeake Utilities Corp. | 8,568 | $ | 994,574 | |||||
Northwest Natural Holding Co. | 18,016 | 971,963 | ||||||
|
| |||||||
| Total Gas Utilities |
| 1,966,537 | ||||||
| Health Care Equipment & Supplies – 0.9% |
| |||||||
Accuray, Inc.* | 54,716 | 270,844 | ||||||
Antares Pharma, Inc.*(a) | 72,715 | 298,859 | ||||||
Atrion Corp. | 810 | 519,461 | ||||||
Avanos Medical, Inc.* | 11,155 | 487,920 | ||||||
Co-Diagnostics, Inc.*(a) | 43,831 | 418,148 | ||||||
FONAR Corp.* | 13,125 | 237,431 | ||||||
iRadimed Corp.* | 7,285 | 187,734 | ||||||
Lantheus Holdings, Inc.* | 14,650 | 313,071 | ||||||
LeMaitre Vascular, Inc. | 10,468 | 510,629 | ||||||
Meridian Bioscience, Inc.* | 35,652 | 935,865 | ||||||
Mesa Laboratories, Inc. | 1,141 | 277,834 | ||||||
Surmodics, Inc.* | 4,741 | 265,828 | ||||||
Utah Medical Products, Inc. | 3,289 | 284,827 | ||||||
Zynex, Inc.*(a) | 17,209 | 262,781 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 5,271,232 | ||||||
| Health Care Providers & Services – 2.0% |
| |||||||
Addus HomeCare Corp.* | 5,515 | 576,814 | ||||||
Apollo Medical Holdings, Inc.* | 31,570 | 855,231 | ||||||
CorVel Corp.* | 6,644 | 681,608 | ||||||
Cross Country Healthcare, Inc.* | 21,977 | 274,493 | ||||||
Five Star Senior Living, Inc.* | 61,030 | 373,504 | ||||||
Fulgent Genetics, Inc.*(a) | 14,411 | 1,392,391 | ||||||
Hanger, Inc.* | 20,727 | 472,990 | ||||||
Joint Corp. (The)* | 6,189 | 299,362 | ||||||
Magellan Health, Inc.* | 10,302 | 960,558 | ||||||
MEDNAX, Inc.* | 63,448 | 1,616,021 | ||||||
ModivCare, Inc.* | 8,278 | 1,226,137 | ||||||
National Research Corp. | 11,806 | 552,875 | ||||||
Owens & Minor, Inc. | 35,214 | 1,323,694 | ||||||
Pennant Group, Inc. (The)* | 5,993 | 274,479 | ||||||
Sharps Compliance Corp.* | 15,935 | 228,986 | ||||||
Tivity Health, Inc.* | 32,315 | 721,271 | ||||||
U.S. Physical Therapy, Inc. | 4,215 | 438,782 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 12,269,196 | ||||||
| Health Care Technology – 0.3% |
| |||||||
Computer Programs & Systems, Inc. | 12,628 | 386,417 | ||||||
HealthStream, Inc.* | 14,492 | 323,751 | ||||||
Inovalon Holdings, Inc. Class A* | 18,982 | 546,302 | ||||||
NextGen Healthcare, Inc.* | 19,768 | 357,801 | ||||||
Simulations Plus, Inc.(a) | 4,709 | 297,797 | ||||||
|
| |||||||
| Total Health Care Technology |
| 1,912,068 | ||||||
| Hotels, Restaurants & Leisure – 0.9% |
| |||||||
Bluegreen Vacations Corp.(a) | 34,256 | 369,280 | ||||||
Del Taco Restaurants, Inc. | 35,786 | 342,830 | ||||||
Dine Brands Global, Inc. | 9,856 | 887,336 | ||||||
El Pollo Loco Holdings, Inc.* | 26,264 | 423,376 | ||||||
Jack in the Box, Inc. | 17,748 | 1,948,375 | ||||||
Monarch Casino & Resort, Inc.* | 6,466 | 391,969 | ||||||
Nathan’s Famous, Inc. | 4,714 | 297,406 | ||||||
RCI Hospitality Holdings, Inc. | 5,595 | 355,786 | ||||||
Red Rock Resorts, Inc. Class A | 18,073 | 588,999 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 5,605,357 | ||||||
| Household Durables – 3.5% |
| |||||||
Beazer Homes USA, Inc.* | 61,741 | 1,291,622 | ||||||
Cavco Industries, Inc.* | 4,937 | 1,113,837 | ||||||
Century Communities, Inc.* | 53,583 | 3,232,127 | ||||||
Ethan Allen Interiors, Inc. | 12,135 | 335,047 | ||||||
GoPro, Inc. Class A*(a) | 28,494 | 331,670 | ||||||
Green Brick Partners, Inc.* | 62,807 | 1,424,463 | ||||||
Hamilton Beach Brands Holding Co. Class A | 23,420 | 424,605 | ||||||
Hooker Furniture Corp. | 8,761 | 319,426 | ||||||
Hovnanian Enterprises, Inc. Class A*(a) | 15,180 | 1,605,133 | ||||||
La-Z-Boy, Inc. | 31,835 | 1,352,351 | ||||||
Legacy Housing Corp.* | 38,482 | 682,286 | ||||||
M/I Homes, Inc.* | 65,854 | 3,889,996 | ||||||
Purple Innovation, Inc.* | 23,763 | 752,099 | ||||||
Skyline Champion Corp.* | 26,816 | 1,213,692 | ||||||
Tupperware Brands Corp.* | 53,579 | 1,415,021 | ||||||
Turtle Beach Corp.* | 31,231 | 832,931 | ||||||
Universal Electronics, Inc.* | 8,852 | 486,594 | ||||||
VOXX International Corp.* | 24,591 | 468,704 | ||||||
|
| |||||||
| Total Household Durables |
| 21,171,604 | ||||||
| Household Products – 0.5% |
| |||||||
Central Garden and Pet Co. Class A* | 49,752 | 2,581,631 | ||||||
Ocean Bio-Chem, Inc. | 15,139 | 181,971 | ||||||
Oil-Dri Corp. of America | 10,856 | 373,881 | ||||||
|
| |||||||
| Total Household Products |
| 3,137,483 | ||||||
| Industrial Conglomerates – 0.1% |
| |||||||
Raven Industries, Inc. | 12,464 | 477,745 | ||||||
| Insurance – 1.9% |
| |||||||
AMERISAFE, Inc. | 18,370 | 1,175,680 | ||||||
Crawford & Co. Class A | 9,509 | 101,271 | ||||||
Donegal Group, Inc. Class A | 34,364 | 510,649 | ||||||
eHealth, Inc.* | 11,829 | 860,323 | ||||||
Employers Holdings, Inc. | 29,579 | 1,273,672 | ||||||
FBL Financial Group, Inc. Class A | 17,955 | 1,004,044 | ||||||
HCI Group, Inc.(a) | 3,406 | 261,649 | ||||||
Heritage Insurance Holdings, Inc. | 5,741 | 63,610 | ||||||
Horace Mann Educators Corp. | 31,338 | 1,354,115 | ||||||
Independence Holding Co. | 4,183 | 166,692 | ||||||
Investors Title Co. | 1,116 | 185,256 | ||||||
National Western Life Group, Inc. Class A | 5,143 | 1,280,607 | ||||||
Palomar Holdings, Inc.* | 5,593 | 374,955 | ||||||
ProSight Global, Inc.* | 25,011 | 315,139 | ||||||
Safety Insurance Group, Inc. | 17,083 | 1,439,243 | ||||||
Stewart Information Services Corp. | 25,182 | 1,310,219 | ||||||
|
| |||||||
| Total Insurance |
| 11,677,124 | ||||||
| Interactive Media & Services – 0.1% |
| |||||||
Angi, Inc. Class A* | 22,132 | 287,716 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 81 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Fund (EES)
March 31, 2021
| Investments | Shares | Value | ||||||
QuinStreet, Inc.* | 11,303 | $ | 229,451 | |||||
|
| |||||||
| Total Interactive Media & Services |
| 517,167 | ||||||
| Internet & Direct Marketing Retail – 0.7% |
| |||||||
1-800-Flowers.com, Inc. Class A*(a) | 44,525 | 1,229,335 | ||||||
Duluth Holdings, Inc. Class B* | 29,321 | 496,698 | ||||||
Lands’ End, Inc.* | 15,026 | 372,795 | ||||||
PetMed Express, Inc.(a) | 15,503 | 545,318 | ||||||
Revolve Group, Inc.* | 30,895 | 1,388,112 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 4,032,258 | ||||||
| IT Services – 1.3% |
| |||||||
BM Technologies, Inc.* | 2,955 | 34,426 | ||||||
Cass Information Systems, Inc. | 10,089 | 466,818 | ||||||
CSG Systems International, Inc. | 28,905 | 1,297,545 | ||||||
GreenSky, Inc. Class A* | 32,187 | 199,238 | ||||||
Hackett Group, Inc. (The) | 23,999 | 393,344 | ||||||
International Money Express, Inc.* | 30,047 | 451,005 | ||||||
NIC, Inc. | 36,073 | 1,223,957 | ||||||
Perficient, Inc.* | 14,773 | 867,471 | ||||||
Switch, Inc. Class A | 36,312 | 590,433 | ||||||
Sykes Enterprises, Inc.* | 43,166 | 1,902,757 | ||||||
Verra Mobility Corp.*(a) | 39,957 | 540,818 | ||||||
|
| |||||||
| Total IT Services |
| 7,967,812 | ||||||
| Leisure Products – 1.5% |
| |||||||
Callaway Golf Co. | 28,478 | 761,786 | ||||||
Clarus Corp. | 9,737 | 166,016 | ||||||
Escalade, Inc. | 20,866 | 436,308 | ||||||
Johnson Outdoors, Inc. Class A | 6,449 | 920,595 | ||||||
Malibu Boats, Inc. Class A* | 17,522 | 1,396,153 | ||||||
Marine Products Corp. | 19,358 | 314,955 | ||||||
MasterCraft Boat Holdings, Inc.* | 17,229 | 458,119 | ||||||
Nautilus, Inc.*(a) | 45,287 | 708,289 | ||||||
Smith & Wesson Brands, Inc. | 67,283 | 1,174,088 | ||||||
Sturm Ruger & Co., Inc. | 15,263 | 1,008,426 | ||||||
Vista Outdoor, Inc.*(a) | 59,583 | 1,910,827 | ||||||
|
| |||||||
| Total Leisure Products |
| 9,255,562 | ||||||
| Life Sciences Tools & Services – 0.1% |
| |||||||
Luminex Corp. | 15,165 | 483,763 | ||||||
| Machinery – 3.8% |
| |||||||
Alamo Group, Inc. | 5,995 | 936,119 | ||||||
Astec Industries, Inc. | 5,190 | 391,430 | ||||||
Blue Bird Corp.* | 16,417 | 410,917 | ||||||
CIRCOR International, Inc.* | 7,128 | 248,197 | ||||||
Columbus McKinnon Corp. | 13,419 | 707,986 | ||||||
Douglas Dynamics, Inc. | 9,330 | 430,579 | ||||||
Energy Recovery, Inc.* | 38,396 | 704,183 | ||||||
Enerpac Tool Group Corp. | 12,380 | 323,366 | ||||||
Federal Signal Corp. | 43,528 | 1,667,122 | ||||||
Gorman-Rupp Co. (The) | 14,283 | 472,910 | ||||||
Graham Corp. | 4,698 | 66,899 | ||||||
Greenbrier Cos., Inc. (The) | 30,280 | 1,429,822 | ||||||
Helios Technologies, Inc. | 13,395 | 976,094 | ||||||
Hyster-Yale Materials Handling, Inc. | 8,973 | 781,728 | ||||||
Kadant, Inc. | 5,902 | 1,091,929 | ||||||
L.B. Foster Co. Class A* | 14,424 | 258,190 | ||||||
Lindsay Corp. | 4,553 | 758,621 | ||||||
Meritor, Inc.* | 128,909 | 3,792,503 | ||||||
Miller Industries, Inc. | 13,400 | 618,946 | ||||||
Mueller Industries, Inc. | 51,253 | 2,119,312 | ||||||
Mueller Water Products, Inc. Class A | 104,361 | 1,449,574 | ||||||
Omega Flex, Inc. | 1,958 | 309,129 | ||||||
Shyft Group, Inc. (The) | 29,019 | 1,079,507 | ||||||
Standex International Corp. | 8,751 | 836,333 | ||||||
Tennant Co. | 11,424 | 912,663 | ||||||
TriMas Corp.* | 11,624 | 352,440 | ||||||
Wabash National Corp. | 16,935 | 318,378 | ||||||
|
| |||||||
| Total Machinery |
| 23,444,877 | ||||||
| Media – 3.3% |
| |||||||
AMC Networks, Inc. Class A* | 70,778 | 3,762,559 | ||||||
Entravision Communications Corp. Class A | 72,898 | 294,508 | ||||||
EW Scripps Co. (The) Class A | 63,026 | 1,214,511 | ||||||
Fluent, Inc.*(a) | 40,458 | 165,878 | ||||||
Gray Television, Inc. | 154,896 | 2,850,086 | ||||||
John Wiley & Sons, Inc. Class A | 47,542 | 2,576,776 | ||||||
Loral Space & Communications, Inc.(a) | 4,613 | 173,772 | ||||||
Meredith Corp. | 86,547 | 2,577,370 | ||||||
MSG Networks, Inc. Class A*(a) | 92,932 | 1,397,697 | ||||||
National CineMedia, Inc. | 157,090 | 725,756 | ||||||
Scholastic Corp. | 8,649 | 260,421 | ||||||
Sinclair Broadcast Group, Inc. Class A | 66,264 | 1,938,885 | ||||||
TechTarget, Inc.* | 6,347 | 440,799 | ||||||
Tribune Publishing Co. | 27,382 | 492,602 | ||||||
WideOpenWest, Inc.* | 72,433 | 984,364 | ||||||
|
| |||||||
| Total Media |
| 19,855,984 | ||||||
| Metals & Mining – 0.5% |
| |||||||
Coeur Mining, Inc.* | 71,345 | 644,245 | ||||||
Kaiser Aluminum Corp. | 8,561 | 945,991 | ||||||
Materion Corp. | 8,164 | 540,783 | ||||||
Schnitzer Steel Industries, Inc. Class A | 8,214 | 343,263 | ||||||
SunCoke Energy, Inc. | 51,127 | 358,400 | ||||||
Warrior Met Coal, Inc. | 10,873 | 186,255 | ||||||
|
| |||||||
| Total Metals & Mining |
| 3,018,937 | ||||||
| Multiline Retail – 0.9% |
| |||||||
Big Lots, Inc. | 79,241 | 5,412,160 | ||||||
| Oil, Gas & Consumable Fuels – 2.0% |
| |||||||
Bonanza Creek Energy, Inc.* | 29,102 | 1,039,815 | ||||||
Callon Petroleum Co.* | 60,536 | 2,333,663 | ||||||
Clean Energy Fuels Corp.*(a) | 89,450 | 1,229,043 | ||||||
Falcon Minerals Corp. | 49,225 | 221,020 | ||||||
Matador Resources Co. | 52,316 | 1,226,810 | ||||||
NACCO Industries, Inc. Class A | 12,782 | 318,911 | ||||||
Overseas Shipholding Group, Inc. Class A* | 186,655 | 384,509 | ||||||
PDC Energy, Inc.* | 85,775 | 2,950,660 | ||||||
World Fuel Services Corp. | 75,341 | 2,652,003 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 12,356,434 | ||||||
See Notes to Financial Statements.
| 82 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Fund (EES)
March 31, 2021
| Investments | Shares | Value | ||||||
| Paper & Forest Products – 0.9% |
| |||||||
Clearwater Paper Corp.* | 28,493 | $ | 1,071,907 | |||||
Domtar Corp. | 12,377 | 457,330 | ||||||
Glatfelter Corp. | 38,605 | 662,076 | ||||||
Neenah, Inc. | 13,065 | 671,280 | ||||||
Schweitzer-Mauduit International, Inc. | 34,687 | 1,698,622 | ||||||
Verso Corp. Class A | 73,828 | 1,077,150 | ||||||
|
| |||||||
| Total Paper & Forest Products |
| 5,638,365 | ||||||
| Personal Products – 1.0% |
| |||||||
BellRing Brands, Inc. Class A* | 17,319 | 408,902 | ||||||
Edgewell Personal Care Co. | 53,047 | 2,100,661 | ||||||
elf Beauty, Inc.* | 14,485 | 388,632 | ||||||
Inter Parfums, Inc. | 8,759 | 621,276 | ||||||
Lifevantage Corp.* | 28,240 | 264,044 | ||||||
USANA Health Sciences, Inc.* | 21,666 | 2,114,602 | ||||||
|
| |||||||
| Total Personal Products |
| 5,898,117 | ||||||
| Pharmaceuticals – 2.0% |
| |||||||
Amneal Pharmaceuticals, Inc.* | 242,371 | 1,631,157 | ||||||
Amphastar Pharmaceuticals, Inc.* | 17,365 | 318,127 | ||||||
BioDelivery Sciences International, Inc.* | 66,397 | 259,612 | ||||||
Collegium Pharmaceutical, Inc.*(a) | 18,771 | 444,873 | ||||||
Innoviva, Inc.* | 241,957 | 2,891,386 | ||||||
Phibro Animal Health Corp. Class A | 36,432 | 888,941 | ||||||
Prestige Consumer Healthcare, Inc.* | 63,326 | 2,791,410 | ||||||
SIGA Technologies, Inc.* | 83,792 | 544,648 | ||||||
Supernus Pharmaceuticals, Inc.* | 82,881 | 2,169,824 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 11,939,978 | ||||||
| Professional Services – 1.5% |
| |||||||
Barrett Business Services, Inc. | 7,835 | 539,518 | ||||||
BGSF, Inc. | 7,910 | 110,740 | ||||||
CBIZ, Inc.* | 40,842 | 1,333,900 | ||||||
CRA International, Inc. | 8,663 | 646,606 | ||||||
Forrester Research, Inc.* | 7,025 | 298,422 | ||||||
GP Strategies Corp.* | 15,375 | 268,294 | ||||||
Heidrick & Struggles International, Inc. | 22,994 | 821,346 | ||||||
Huron Consulting Group, Inc.* | 11,224 | 565,465 | ||||||
ICF International, Inc. | 12,228 | 1,068,727 | ||||||
Kelly Services, Inc. Class A | 19,741 | 439,632 | ||||||
Kforce, Inc. | 20,250 | 1,085,400 | ||||||
ManTech International Corp. Class A | 20,435 | 1,776,823 | ||||||
Resources Connection, Inc. | 36,455 | 493,601 | ||||||
|
| |||||||
| Total Professional Services |
| 9,448,474 | ||||||
| Real Estate Management & Development – 1.0% |
| |||||||
Forestar Group, Inc.* | 32,820 | 764,050 | ||||||
FRP Holdings, Inc.* | 3,364 | 165,576 | ||||||
Marcus & Millichap, Inc.* | 17,188 | 579,236 | ||||||
Newmark Group, Inc. Class A | 54,807 | 548,344 | ||||||
RE/MAX Holdings, Inc. Class A | 9,379 | 369,439 | ||||||
Realogy Holdings Corp.*(a) | 165,833 | 2,509,053 | ||||||
RMR Group, Inc. (The) Class A | 11,621 | 474,253 | ||||||
St. Joe Co. (The) | 13,536 | 580,694 | ||||||
Tejon Ranch Co.* | 18,099 | 302,977 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 6,293,622 | ||||||
| Road & Rail – 1.2% |
| |||||||
ArcBest Corp. | 17,499 | 1,231,405 | ||||||
Daseke, Inc.* | 32,729 | 277,869 | ||||||
Heartland Express, Inc. | 44,224 | 865,906 | ||||||
Marten Transport Ltd. | 46,536 | 789,716 | ||||||
Schneider National, Inc. Class B | 133,341 | 3,329,525 | ||||||
Universal Logistics Holdings, Inc. | 33,688 | 886,331 | ||||||
US Xpress Enterprises, Inc. Class A*(a) | 18,850 | 221,487 | ||||||
|
| |||||||
| Total Road & Rail |
| 7,602,239 | ||||||
| Semiconductors & Semiconductor Equipment – 0.7% |
| |||||||
ACM Research, Inc. Class A*(a) | 5,341 | 431,499 | ||||||
Axcelis Technologies, Inc.* | 24,411 | 1,003,048 | ||||||
Ceva, Inc.* | 5,556 | 311,970 | ||||||
CyberOptics Corp.* | 6,133 | 159,274 | ||||||
NeoPhotonics Corp.* | 28,161 | 336,524 | ||||||
NVE Corp. | 5,662 | 396,906 | ||||||
Photronics, Inc.* | 57,688 | 741,868 | ||||||
Ultra Clean Holdings, Inc.* | 17,334 | 1,006,065 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 4,387,154 | ||||||
| Software – 1.0% |
| |||||||
A10 Networks, Inc.* | 33,790 | 324,722 | ||||||
American Software, Inc. Class A | 12,696 | 262,807 | ||||||
Bottomline Technologies DE, Inc.* | 11,109 | 502,682 | ||||||
ChannelAdvisor Corp.* | 20,957 | 493,537 | ||||||
Ebix, Inc.(a) | 37,092 | 1,188,057 | ||||||
eGain Corp.*(a) | 17,938 | 170,232 | ||||||
InterDigital, Inc. | 8,644 | 548,462 | ||||||
Mitek Systems, Inc.*(a) | 14,804 | 215,842 | ||||||
OneSpan, Inc.* | 10,565 | 258,843 | ||||||
Progress Software Corp. | 27,853 | 1,227,203 | ||||||
QAD, Inc. Class A | 6,066 | 403,874 | ||||||
Rimini Street, Inc.*(a) | 47,528 | 426,326 | ||||||
ShotSpotter, Inc.*(a) | 4,406 | 154,519 | ||||||
Smith Micro Software, Inc.* | 34,780 | 191,464 | ||||||
|
| |||||||
| Total Software |
| 6,368,570 | ||||||
| Specialty Retail – 6.7% |
| |||||||
America’s Car-Mart, Inc.* | 7,244 | 1,103,768 | ||||||
At Home Group, Inc.*(a) | 72,315 | 2,075,440 | ||||||
Big 5 Sporting Goods Corp.(a) | 57,911 | 909,203 | ||||||
Boot Barn Holdings, Inc.* | 14,511 | 904,180 | ||||||
Buckle, Inc. (The) | 41,209 | 1,618,689 | ||||||
Camping World Holdings, Inc. Class A(a) | 55,726 | 2,027,312 | ||||||
Citi Trends, Inc. | 5,086 | 426,105 | ||||||
Container Store Group, Inc. (The)* | 35,964 | 598,441 | ||||||
GrowGeneration Corp.*(a) | 13,607 | 676,132 | ||||||
Haverty Furniture Cos., Inc. | 11,695 | 434,937 | ||||||
Hibbett Sports, Inc.* | 18,443 | 1,270,538 | ||||||
Lazydays Holdings, Inc.*(a) | 6,799 | 121,090 | ||||||
Lumber Liquidators Holdings, Inc.* | 26,389 | 662,892 | ||||||
MarineMax, Inc.* | 25,733 | 1,270,181 | ||||||
Michaels Cos., Inc. (The)* | 208,974 | 4,584,889 | ||||||
Monro, Inc. | 11,866 | 780,783 | ||||||
ODP Corp. (The) | 113,045 | 4,893,718 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 83 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Fund (EES)
March 31, 2021
| Investments | Shares | Value | ||||||
OneWater Marine, Inc. Class A* | 11,673 | $ | 466,453 | |||||
Rent-A-Center, Inc. | 71,057 | 4,097,147 | ||||||
Sally Beauty Holdings, Inc.* | 155,177 | 3,123,713 | ||||||
Shoe Carnival, Inc. | 8,503 | 526,166 | ||||||
Sleep Number Corp.* | 17,428 | 2,500,744 | ||||||
Sonic Automotive, Inc. Class A | 52,938 | 2,624,137 | ||||||
Sportsman’s Warehouse Holdings, Inc.* | 65,220 | 1,124,393 | ||||||
Tilly’s, Inc. Class A* | 44,046 | 498,601 | ||||||
Winmark Corp. | 2,717 | 506,530 | ||||||
Zumiez, Inc.* | 24,538 | 1,052,680 | ||||||
|
| |||||||
| Total Specialty Retail |
| 40,878,862 | ||||||
| Technology Hardware, Storage & Peripherals – 0.4% |
| |||||||
Avid Technology, Inc.* | 26,737 | 564,418 | ||||||
Intevac, Inc.*(a) | 31,122 | 222,522 | ||||||
Super Micro Computer, Inc.* | 40,879 | 1,596,734 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 2,383,674 | ||||||
| Textiles, Apparel & Luxury Goods – 0.9% |
| |||||||
Culp, Inc. | 8,275 | 127,352 | ||||||
G-III Apparel Group Ltd.* | 58,314 | 1,757,584 | ||||||
Lakeland Industries, Inc.* | 14,777 | 411,687 | ||||||
Levi Strauss & Co. Class A | 56,371 | 1,347,831 | ||||||
Movado Group, Inc. | 5,362 | 152,549 | ||||||
Rocky Brands, Inc. | 10,853 | 586,713 | ||||||
Superior Group of Cos., Inc. | 23,485 | 596,989 | ||||||
Vera Bradley, Inc.* | 36,675 | 370,417 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 5,351,122 | ||||||
| Thrifts & Mortgage Finance – 4.8% |
| |||||||
Axos Financial, Inc.* | 69,264 | 3,256,101 | ||||||
Bridgewater Bancshares, Inc.* | 12,322 | 199,000 | ||||||
Capitol Federal Financial, Inc. | 37,393 | 495,270 | ||||||
Columbia Financial, Inc.* | 42,678 | 746,011 | ||||||
Federal Agricultural Mortgage Corp. Class C | 12,212 | 1,229,993 | ||||||
Flagstar Bancorp, Inc. | 118,151 | 5,328,610 | ||||||
FS Bancorp, Inc. | 5,045 | 339,024 | ||||||
Hingham Institution For Savings (The) | 1,782 | 505,660 | ||||||
Home Bancorp, Inc. | 156 | 5,624 | ||||||
HomeStreet, Inc. | 20,205 | 890,434 | ||||||
Kearny Financial Corp. | 45,491 | 549,531 | ||||||
Luther Burbank Corp. | 24,556 | 290,497 | ||||||
Merchants Bancorp | 54,287 | 2,276,797 | ||||||
Meridian Bancorp, Inc. | 44,259 | 815,251 | ||||||
Meta Financial Group, Inc. | 29,484 | 1,335,920 | ||||||
NMI Holdings, Inc. Class A* | 88,909 | 2,101,809 | ||||||
Northfield Bancorp, Inc. | 9,468 | 150,731 | ||||||
Northwest Bancshares, Inc. | 52,771 | 762,541 | ||||||
Ocwen Financial Corp.* | 11,951 | 339,767 | ||||||
PCSB Financial Corp. | 90 | 1,495 | ||||||
Premier Financial Corp. | 19,831 | 659,579 | ||||||
Provident Bancorp, Inc. | 8,982 | 129,341 | ||||||
Provident Financial Services, Inc. | 45,084 | 1,004,471 | ||||||
Southern Missouri Bancorp, Inc. | 7,038 | 277,438 | ||||||
Territorial Bancorp, Inc. | 189 | 5,001 | ||||||
Timberland Bancorp, Inc. | 5,385 | 149,757 | ||||||
TrustCo Bank Corp. | 53,998 | 397,965 | ||||||
Washington Federal, Inc. | 92,817 | 2,858,764 | ||||||
Waterstone Financial, Inc. | 38,780 | 791,888 | ||||||
WSFS Financial Corp.(a) | 21,937 | 1,092,243 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 28,986,513 | ||||||
| Tobacco – 0.5% |
| |||||||
Turning Point Brands, Inc. | 5,348 | 279,005 | ||||||
Universal Corp. | 17,821 | 1,051,261 | ||||||
Vector Group Ltd. | 134,280 | 1,873,206 | ||||||
|
| |||||||
| Total Tobacco |
| 3,203,472 | ||||||
| Trading Companies & Distributors – 2.6% |
| |||||||
BlueLinx Holdings, Inc.* | 21,808 | 854,656 | ||||||
Boise Cascade Co. | 55,871 | 3,342,762 | ||||||
CAI International, Inc. | 22,395 | 1,019,420 | ||||||
DXP Enterprises, Inc.* | 10,314 | 311,173 | ||||||
GMS, Inc.* | 41,410 | 1,728,868 | ||||||
H&E Equipment Services, Inc. | 25,658 | 975,004 | ||||||
Herc Holdings, Inc.* | 16,910 | 1,713,490 | ||||||
Lawson Products, Inc.* | 5,902 | 306,078 | ||||||
McGrath RentCorp | 19,806 | 1,597,354 | ||||||
Rush Enterprises, Inc. Class A | 33,604 | 1,674,487 | ||||||
Systemax, Inc. | 25,133 | 1,033,469 | ||||||
Titan Machinery, Inc.* | 18,566 | 473,433 | ||||||
Transcat, Inc.*(a) | 5,751 | 282,259 | ||||||
Veritiv Corp.* | 10,617 | 451,647 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 15,764,100 | ||||||
| Water Utilities – 0.4% |
| |||||||
Artesian Resources Corp. Class A | 9,256 | 364,501 | ||||||
Global Water Resources, Inc. | 11,785 | 192,213 | ||||||
Middlesex Water Co. | 5,241 | 414,144 | ||||||
Pure Cycle Corp.* | 23,647 | 317,343 | ||||||
SJW Group | 9,530 | 600,295 | ||||||
York Water Co. (The) | 6,438 | 315,269 | ||||||
|
| |||||||
| Total Water Utilities |
| 2,203,765 | ||||||
| Wireless Telecommunication Services – 1.1% |
| |||||||
Telephone & Data Systems, Inc. | 130,344 | 2,992,698 | ||||||
United States Cellular Corp.*(a) | 97,624 | 3,561,324 | ||||||
|
| |||||||
| Total Wireless Telecommunication Services |
| 6,554,022 | ||||||
TOTAL COMMON STOCKS (Cost: $495,220,387) |
| 607,322,120 | ||||||
| WARRANTS – 0.0% | ||||||||
| United States – 0.0% | ||||||||
| FTS International, Inc. expiring 11/19/23*(a) (Cost: $0) | 14,553 | 0 | ||||||
| EXCHANGE-TRADED FUND – 0.2% | ||||||||
| United States – 0.2% | ||||||||
| WisdomTree U.S. MidCap Fund(a)(b) (Cost: $1,017,831) | 22,924 | 1,167,519 | ||||||
See Notes to Financial Statements.
| 84 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. SmallCap Fund (EES)
March 31, 2021
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1% |
| |||||||
| United States – 1.1% | ||||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $6,996,113) | 6,996,113 | $ | 6,996,113 | |||||
TOTAL INVESTMENTS IN SECURITIES – 101.0% (Cost: $503,234,331) |
| 615,485,752 | ||||||
Other Assets less Liabilities – (1.0)% |
| (6,158,556 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 609,327,196 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $22,872,745 and the total market value of the collateral held by the Fund was $23,116,878. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $16,120,765. |
| (b) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/ (Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree U.S. MidCap Fund | $ | 165,336 | $ | 4,033,628 | $ | 3,465,871 | $ | 218,684 | $ | 215,742 | $ | 1,167,519 | $ | 24,127 | ||||||||||||||
| FAIR VALUATION SUMMARY | ||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 607,322,120 | $ | — | $ | — | $ | 607,322,120 | ||||||||
Warrants | — | 0 | — | 0 | ||||||||||||
Exchange-Traded Fund | 1,167,519 | — | — | 1,167,519 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 6,996,113 | — | 6,996,113 | ||||||||||||
Total Investments in Securities | $ | 608,489,639 | $ | 6,996,113 | $ | — | $ | 615,485,752 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 85 |
Table of Contents
Schedule of Investments
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.9% | ||||||||
| United States – 98.9% | ||||||||
| Aerospace & Defense – 1.1% | ||||||||
Kaman Corp. | 12,610 | $ | 646,767 | |||||
Moog, Inc. Class A | 11,518 | 957,722 | ||||||
National Presto Industries, Inc. | 2,503 | 255,481 | ||||||
Park Aerospace Corp. | 19,176 | 253,507 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 2,113,477 | ||||||
| Air Freight & Logistics – 0.5% |
| |||||||
Forward Air Corp. | 10,064 | 893,784 | ||||||
| Auto Components – 1.1% |
| |||||||
Patrick Industries, Inc. | 14,944 | 1,270,240 | ||||||
Standard Motor Products, Inc. | 17,039 | 708,482 | ||||||
|
| |||||||
| Total Auto Components |
| 1,978,722 | ||||||
| Automobiles – 0.4% |
| |||||||
Winnebago Industries, Inc. | 10,766 | 825,860 | ||||||
| Banks – 15.8% |
| |||||||
Altabancorp | 8,405 | 353,346 | ||||||
Arrow Financial Corp. | 9,855 | 328,270 | ||||||
BancFirst Corp. | 17,046 | 1,204,982 | ||||||
BancorpSouth Bank | 64,026 | 2,079,564 | ||||||
Bank7 Corp. | 4,164 | 73,328 | ||||||
BankUnited, Inc. | 59,065 | 2,595,907 | ||||||
Berkshire Hills Bancorp, Inc. | 29,452 | 657,369 | ||||||
Capital City Bank Group, Inc. | 8,073 | 210,059 | ||||||
Cathay General Bancorp | 73,336 | 2,990,642 | ||||||
City Holding Co. | 11,455 | 936,790 | ||||||
Eagle Bancorp, Inc. | 15,726 | 836,780 | ||||||
Enterprise Financial Services Corp. | 14,270 | 705,509 | ||||||
Farmers National Banc Corp. | 19,053 | 318,185 | ||||||
FB Financial Corp. | 11,202 | 498,041 | ||||||
Financial Institutions, Inc. | 16,627 | 503,632 | ||||||
First Interstate BancSystem, Inc. Class A | 34,752 | 1,599,982 | ||||||
First Savings Financial Group, Inc. | 525 | 35,249 | ||||||
German American Bancorp, Inc. | 13,925 | 643,614 | ||||||
Great Southern Bancorp, Inc. | 8,745 | 495,579 | ||||||
Heartland Financial USA, Inc. | 15,618 | 784,961 | ||||||
Independent Bank Corp. | 39,786 | 2,045,579 | ||||||
Independent Bank Group, Inc. | 19,187 | 1,386,069 | ||||||
Lakeland Financial Corp. | 13,512 | 934,895 | ||||||
Live Oak Bancshares, Inc. | 2,487 | 170,335 | ||||||
Macatawa Bank Corp. | 27,073 | 269,376 | ||||||
Northeast Bank | 321 | 8,471 | ||||||
Old Second Bancorp, Inc. | 2,448 | 32,338 | ||||||
Park National Corp. | 14,384 | 1,859,851 | ||||||
Parke Bancorp, Inc. | 7,762 | 155,162 | ||||||
Plumas Bancorp | 2,114 | 61,835 | ||||||
Preferred Bank | 8,963 | 570,764 | ||||||
QCR Holdings, Inc. | 2,190 | 103,412 | ||||||
RBB Bancorp | 10,089 | 204,504 | ||||||
ServisFirst Bancshares, Inc. | 20,925 | 1,283,330 | ||||||
Stock Yards Bancorp, Inc. | 13,324 | 680,323 | ||||||
TriCo Bancshares | 17,180 | 813,817 | ||||||
Unity Bancorp, Inc. | 4,132 | 90,904 | ||||||
Washington Trust Bancorp, Inc. | 17,607 | 909,049 | ||||||
West Bancorp, Inc. | 12,000 | 289,080 | ||||||
|
| |||||||
| Total Banks |
| 29,720,883 | ||||||
| Beverages – 0.2% |
| |||||||
MGP Ingredients, Inc. | 6,919 | 409,259 | ||||||
| Building Products – 1.1% |
| |||||||
Apogee Enterprises, Inc. | 22,337 | 913,136 | ||||||
CSW Industrials, Inc. | 2,352 | 317,520 | ||||||
Griffon Corp. | 29,758 | 808,525 | ||||||
Insteel Industries, Inc. | 3,112 | 95,974 | ||||||
|
| |||||||
| Total Building Products |
| 2,135,155 | ||||||
| Capital Markets – 3.3% |
| |||||||
B. Riley Financial, Inc. | 23,683 | 1,335,248 | ||||||
BGC Partners, Inc. Class A | 65,668 | 317,176 | ||||||
Brightsphere Investment Group, Inc. | 3,716 | 75,732 | ||||||
Federated Hermes, Inc. Class B | 77,424 | 2,423,371 | ||||||
Hamilton Lane, Inc. Class A | 13,327 | 1,180,239 | ||||||
Silvercrest Asset Management Group, Inc. Class A | 8,875 | 127,623 | ||||||
Victory Capital Holdings, Inc. Class A | 4,411 | 112,745 | ||||||
Virtus Investment Partners, Inc. | 2,700 | 635,850 | ||||||
|
| |||||||
| Total Capital Markets |
| 6,207,984 | ||||||
| Chemicals – 2.9% |
| |||||||
Chase Corp. | 2,597 | 302,265 | ||||||
FutureFuel Corp. | 33,918 | 492,829 | ||||||
H.B. Fuller Co. | 25,373 | 1,596,215 | ||||||
Innospec, Inc. | 11,708 | 1,202,294 | ||||||
Minerals Technologies, Inc. | 4,306 | 324,328 | ||||||
Stepan Co. | 9,073 | 1,153,269 | ||||||
Tredegar Corp. | 27,373 | 410,869 | ||||||
|
| |||||||
| Total Chemicals |
| 5,482,069 | ||||||
| Commercial Services & Supplies – 7.4% |
| |||||||
ABM Industries, Inc. | 39,737 | 2,026,984 | ||||||
ACCO Brands Corp. | 93,383 | 788,153 | ||||||
Acme United Corp. | 1,771 | 69,848 | ||||||
Brady Corp. Class A | 28,848 | 1,541,926 | ||||||
Deluxe Corp. | 59,503 | 2,496,746 | ||||||
Ennis, Inc. | 43,265 | 923,708 | ||||||
Healthcare Services Group, Inc. | 80,468 | 2,255,518 | ||||||
HNI Corp. | 45,500 | 1,799,980 | ||||||
Kimball International, Inc. Class B | 36,215 | 507,010 | ||||||
Steelcase, Inc. Class A | 91,358 | 1,314,642 | ||||||
VSE Corp. | 3,433 | 135,603 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 13,860,118 | ||||||
| Construction & Engineering – 0.8% |
| |||||||
Arcosa, Inc. | 5,730 | 372,966 | ||||||
Comfort Systems USA, Inc. | 10,120 | 756,672 | ||||||
Primoris Services Corp. | 13,711 | 454,246 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 1,583,884 | ||||||
| Construction Materials – 0.1% |
| |||||||
United States Lime & Minerals, Inc. | 1,250 | 167,137 | ||||||
See Notes to Financial Statements.
| 86 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
March 31, 2021
| Investments | Shares | Value | ||||||
| Consumer Finance – 0.6% |
| |||||||
FirstCash, Inc. | 14,060 | $ | 923,320 | |||||
Regional Management Corp. | 7,344 | 254,543 | ||||||
|
| |||||||
| Total Consumer Finance |
| 1,177,863 | ||||||
| Containers & Packaging – 1.8% |
| |||||||
Greif, Inc. Class A | 60,082 | 3,424,674 | ||||||
| Distributors – 0.1% |
| |||||||
Educational Development Corp. | 8,083 | 137,815 | ||||||
| Diversified Consumer Services – 2.0% |
| |||||||
Carriage Services, Inc. | 9,436 | 332,053 | ||||||
Graham Holdings Co. Class B | 2,018 | 1,135,004 | ||||||
Strategic Education, Inc. | 24,167 | 2,221,189 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 3,688,246 | ||||||
| Electric Utilities – 2.3% |
| |||||||
MGE Energy, Inc. | 29,481 | 2,104,648 | ||||||
Otter Tail Corp. | 49,175 | 2,270,410 | ||||||
|
| |||||||
| Total Electric Utilities |
| 4,375,058 | ||||||
| Electrical Equipment – 0.5% |
| |||||||
Allied Motion Technologies, Inc. | 819 | 42,039 | ||||||
AZZ, Inc. | 12,188 | 613,666 | ||||||
Encore Wire Corp. | 914 | 61,357 | ||||||
Preformed Line Products Co. | 1,910 | 131,312 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 848,374 | ||||||
| Electronic Equipment, Instruments & Components – 2.4% |
| |||||||
Badger Meter, Inc. | 9,245 | 860,432 | ||||||
CTS Corp. | 6,111 | 189,808 | ||||||
Methode Electronics, Inc. | 17,167 | 720,671 | ||||||
PC Connection, Inc. | 7,257 | 336,652 | ||||||
Vishay Intertechnology, Inc. | 102,227 | 2,461,626 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 4,569,189 | ||||||
| Entertainment – 0.6% |
| |||||||
World Wrestling Entertainment, Inc. Class A | 19,818 | 1,075,325 | ||||||
| Food & Staples Retailing – 0.8% |
| |||||||
Ingles Markets, Inc. Class A | 8,929 | 550,473 | ||||||
PriceSmart, Inc. | 9,554 | 924,349 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 1,474,822 | ||||||
| Food Products – 2.7% |
| |||||||
B&G Foods, Inc. | 135,974 | 4,223,352 | ||||||
John B. Sanfilippo & Son, Inc. | 2,904 | 262,435 | ||||||
Tootsie Roll Industries, Inc. | 18,398 | 609,522 | ||||||
|
| |||||||
| Total Food Products |
| 5,095,309 | ||||||
| Gas Utilities – 0.8% |
| |||||||
Chesapeake Utilities Corp. | 11,398 | 1,323,080 | ||||||
RGC Resources, Inc. | 4,123 | 91,448 | ||||||
|
| |||||||
| Total Gas Utilities |
| 1,414,528 | ||||||
| Health Care Equipment & Supplies – 0.4% |
| |||||||
Atrion Corp. | 802 | 514,330 | ||||||
Utah Medical Products, Inc. | 1,763 | 152,676 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 667,006 | ||||||
| Health Care Providers & Services – 0.5% |
| |||||||
National HealthCare Corp. | 12,991 | 1,012,129 | ||||||
| Health Care Technology – 0.1% |
| |||||||
Simulations Plus, Inc.(a) | 3,245 | 205,214 | ||||||
| Hotels, Restaurants & Leisure – 0.1% |
| |||||||
RCI Hospitality Holdings, Inc. | 1,931 | 122,792 | ||||||
| Household Durables – 0.8% |
| |||||||
Hamilton Beach Brands Holding Co. Class A | 8,165 | 148,031 | ||||||
Hooker Furniture Corp. | 8,843 | 322,416 | ||||||
La-Z-Boy, Inc. | 26,010 | 1,104,905 | ||||||
|
| |||||||
| Total Household Durables |
| 1,575,352 | ||||||
| Household Products – 0.1% |
| |||||||
Ocean Bio-Chem, Inc. | 2,117 | 25,447 | ||||||
Oil-Dri Corp. of America | 5,596 | 192,726 | ||||||
|
| |||||||
| Total Household Products |
| 218,173 | ||||||
| Insurance – 2.6% |
| |||||||
American Equity Investment Life Holding Co. | 24,248 | 764,539 | ||||||
AMERISAFE, Inc. | 8,169 | 522,816 | ||||||
Crawford & Co. Class A | 13,990 | 148,994 | ||||||
Employers Holdings, Inc. | 20,012 | 861,717 | ||||||
FBL Financial Group, Inc. Class A | 20,663 | 1,155,475 | ||||||
Investors Title Co. | 510 | 84,660 | ||||||
Safety Insurance Group, Inc. | 15,478 | 1,304,021 | ||||||
|
| |||||||
| Total Insurance |
| 4,842,222 | ||||||
| Internet & Direct Marketing Retail – 1.2% |
| |||||||
PetMed Express, Inc.(a) | 29,737 | 1,045,999 | ||||||
Shutterstock, Inc. | 14,261 | 1,269,799 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 2,315,798 | ||||||
| IT Services – 1.7% |
| |||||||
Cass Information Systems, Inc. | 14,154 | 654,906 | ||||||
CSG Systems International, Inc. | 28,076 | 1,260,332 | ||||||
NIC, Inc. | 38,737 | 1,314,346 | ||||||
|
| |||||||
| Total IT Services |
| 3,229,584 | ||||||
| Leisure Products – 1.5% |
| |||||||
Escalade, Inc. | 15,699 | 328,266 | ||||||
Johnson Outdoors, Inc. Class A | 3,024 | 431,676 | ||||||
Marine Products Corp. | 25,776 | 419,376 | ||||||
Sturm Ruger & Co., Inc. | 24,358 | 1,609,333 | ||||||
|
| |||||||
| Total Leisure Products |
| 2,788,651 | ||||||
| Machinery – 7.2% |
| |||||||
Alamo Group, Inc. | 1,490 | 232,663 | ||||||
Albany International Corp. Class A | 10,615 | 886,034 | ||||||
Barnes Group, Inc. | 21,206 | 1,050,545 | ||||||
Columbus McKinnon Corp. | 4,568 | 241,008 | ||||||
Eastern Co. (The) | 2,632 | 70,538 | ||||||
EnPro Industries, Inc. | 9,414 | 802,732 | ||||||
ESCO Technologies, Inc. | 2,604 | 283,549 | ||||||
Federal Signal Corp. | 18,900 | 723,870 | ||||||
Gorman-Rupp Co. (The) | 14,747 | 488,273 | ||||||
Helios Technologies, Inc. | 7,080 | 515,920 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 87 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
March 31, 2021
| Investments | Shares | Value | ||||||
Kadant, Inc. | 2,645 | $ | 489,351 | |||||
Miller Industries, Inc. | 7,411 | 342,314 | ||||||
Mueller Industries, Inc. | 21,999 | 909,659 | ||||||
Mueller Water Products, Inc. Class A | 94,218 | 1,308,688 | ||||||
Omega Flex, Inc. | 2,216 | 349,862 | ||||||
Shyft Group, Inc. (The) | 4,048 | 150,586 | ||||||
Standex International Corp. | 4,878 | 466,190 | ||||||
Tennant Co. | 7,874 | 629,054 | ||||||
Trinity Industries, Inc. | 108,662 | 3,095,780 | ||||||
Wabash National Corp. | 30,077 | 565,448 | ||||||
|
| |||||||
| Total Machinery |
| 13,602,064 | ||||||
| Marine – 0.8% |
| |||||||
Matson, Inc. | 22,095 | 1,473,736 | ||||||
| Media – 1.8% |
| |||||||
Entravision Communications Corp. Class A | 63,010 | 254,560 | ||||||
John Wiley & Sons, Inc. Class A | 57,800 | 3,132,760 | ||||||
|
| |||||||
| Total Media |
| 3,387,320 | ||||||
| Multi-Utilities – 2.6% |
| |||||||
Avista Corp. | 102,568 | 4,897,622 | ||||||
| Multiline Retail – 1.5% |
| |||||||
Big Lots, Inc. | 40,880 | 2,792,104 | ||||||
| Oil, Gas & Consumable Fuels – 0.1% |
| |||||||
NACCO Industries, Inc. Class A | 4,647 | 115,943 | ||||||
| Paper & Forest Products – 2.1% |
| |||||||
Neenah, Inc. | 22,425 | 1,152,196 | ||||||
Schweitzer-Mauduit International, Inc. | 55,569 | 2,721,214 | ||||||
|
| |||||||
| Total Paper & Forest Products |
| 3,873,410 | ||||||
| Personal Products – 2.9% |
| |||||||
Medifast, Inc. | 11,270 | 2,387,211 | ||||||
Nu Skin Enterprises, Inc. Class A | 57,894 | 3,062,014 | ||||||
|
| |||||||
| Total Personal Products |
| 5,449,225 | ||||||
| Professional Services – 2.9% |
| |||||||
Barrett Business Services, Inc. | 4,214 | 290,176 | ||||||
BGSF, Inc. | 9,829 | 137,606 | ||||||
CRA International, Inc. | 5,026 | 375,141 | ||||||
Heidrick & Struggles International, Inc. | 13,423 | 479,469 | ||||||
ICF International, Inc. | 4,435 | 387,619 | ||||||
Kforce, Inc. | 13,036 | 698,729 | ||||||
Korn Ferry | 17,089 | 1,065,841 | ||||||
ManTech International Corp. Class A | 16,722 | 1,453,978 | ||||||
Resources Connection, Inc. | 45,407 | 614,811 | ||||||
|
| |||||||
| Total Professional Services |
| 5,503,370 | ||||||
| Real Estate Management & Development – 0.2% |
| |||||||
Newmark Group, Inc. Class A | 34,318 | 343,352 | ||||||
| Road & Rail – 1.3% |
| |||||||
ArcBest Corp. | 5,861 | 412,438 | ||||||
Heartland Express, Inc. | 11,103 | 217,397 | ||||||
Marten Transport Ltd. | 24,144 | 409,724 | ||||||
Schneider National, Inc. Class B | 37,854 | 945,214 | ||||||
Universal Logistics Holdings, Inc. | 17,139 | 450,927 | ||||||
|
| |||||||
| Total Road & Rail |
| 2,435,700 | ||||||
| Software – 1.8% |
| |||||||
Ebix, Inc.(a) | 9,973 | 319,435 | ||||||
InterDigital, Inc. | 27,685 | 1,756,613 | ||||||
Progress Software Corp. | 29,456 | 1,297,832 | ||||||
|
| |||||||
| Total Software |
| 3,373,880 | ||||||
| Specialty Retail – 6.0% |
| |||||||
Buckle, Inc. (The) | 71,509 | 2,808,873 | ||||||
Group 1 Automotive, Inc. | 7,028 | 1,108,948 | ||||||
Haverty Furniture Cos., Inc. | 21,982 | 817,511 | ||||||
Monro, Inc. | 23,872 | 1,570,778 | ||||||
Rent-A-Center, Inc. | 71,954 | 4,148,868 | ||||||
Shoe Carnival, Inc. | 5,441 | 336,689 | ||||||
Sonic Automotive, Inc. Class A | 11,292 | 559,744 | ||||||
|
| |||||||
| Total Specialty Retail |
| 11,351,411 | ||||||
| Textiles, Apparel & Luxury Goods – 1.2% |
| |||||||
Rocky Brands, Inc. | 5,436 | 293,870 | ||||||
Superior Group of Cos., Inc. | 11,059 | 281,120 | ||||||
Wolverine World Wide, Inc. | 41,934 | 1,606,911 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 2,181,901 | ||||||
| Thrifts & Mortgage Finance – 2.6% |
| |||||||
Federal Agricultural Mortgage Corp. Class C | 8,610 | 867,199 | ||||||
FS Bancorp, Inc. | 1,529 | 102,749 | ||||||
Hingham Institution For Savings (The) | 438 | 124,287 | ||||||
Merchants Bancorp | 7,578 | 317,821 | ||||||
Meta Financial Group, Inc. | 4,326 | 196,011 | ||||||
OP Bancorp | 8,687 | 91,387 | ||||||
Premier Financial Corp. | 32,428 | 1,078,555 | ||||||
Southern Missouri Bancorp, Inc. | 4,057 | 159,927 | ||||||
Timberland Bancorp, Inc. | 4,945 | 137,521 | ||||||
Walker & Dunlop, Inc. | 11,962 | 1,228,976 | ||||||
WSFS Financial Corp. | 12,828 | 638,706 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 4,943,139 | ||||||
| Tobacco – 0.1% |
| |||||||
Turning Point Brands, Inc. | 3,399 | 177,326 | ||||||
| Trading Companies & Distributors – 2.8% |
| |||||||
Boise Cascade Co. | 13,387 | 800,944 | ||||||
CAI International, Inc. | 17,428 | 793,323 | ||||||
McGrath RentCorp | 20,869 | 1,683,085 | ||||||
Rush Enterprises, Inc. Class A | 23,440 | 1,168,015 | ||||||
Systemax, Inc. | 18,531 | 761,995 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 5,207,362 | ||||||
| Water Utilities – 2.3% |
| |||||||
California Water Service Group | 31,617 | 1,781,302 | ||||||
Middlesex Water Co. | 9,936 | 785,143 | ||||||
SJW Group | 20,601 | 1,297,657 | ||||||
York Water Co. (The) | 7,726 | 378,342 | ||||||
|
| |||||||
| Total Water Utilities |
| 4,242,444 | ||||||
| Wireless Telecommunication Services – 0.4% |
| |||||||
Shenandoah Telecommunications Co. | 14,752 | 720,045 | ||||||
| Total United States |
| 185,707,810 | ||||||
See Notes to Financial Statements.
| 88 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
March 31, 2021
| Investments | Shares | Value | ||||||
| Puerto Rico – 1.0% |
| |||||||
| Banks – 0.7% |
| |||||||
First Bancorp | 111,782 | $ | 1,258,665 | |||||
| IT Services – 0.3% |
| |||||||
EVERTEC, Inc. | 13,901 | 517,395 | ||||||
| Total Puerto Rico |
| 1,776,060 | ||||||
TOTAL COMMON STOCKS (Cost: $155,461,386) |
| 187,483,870 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% |
| |||||||
| United States – 0.5% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $961,056) | 961,056 | 961,056 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.4% (Cost: $156,422,442) |
| 188,444,926 | ||||||
Other Assets less Liabilities – (0.4)% |
| (712,338 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 187,732,588 | |||||
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,400,112 and the total market value of the collateral held by the Fund was $1,421,184. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $460,128. |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FAIR VALUATION SUMMARY | ||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted Markets | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: |
| |||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks | $ | 187,483,870 | $ | — | $ | — | $ | 187,483,870 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 961,056 | — | 961,056 | ||||||||||||
Total Investments in Securities | $ | 187,483,870 | $ | 961,056 | $ | — | $ | 188,444,926 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 89 |
Table of Contents
Schedule of Investments
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.8% | ||||||||
| United States – 99.8% |
| |||||||
| Aerospace & Defense – 1.1% |
| |||||||
BWX Technologies, Inc. | 3,348 | $ | 220,767 | |||||
General Dynamics Corp. | 12,481 | 2,266,050 | ||||||
Huntington Ingalls Industries, Inc. | 1,828 | 376,294 | ||||||
L3Harris Technologies, Inc. | 5,824 | 1,180,408 | ||||||
Lockheed Martin Corp. | 11,820 | 4,367,490 | ||||||
Northrop Grumman Corp. | 4,896 | 1,584,542 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 9,995,551 | ||||||
| Air Freight & Logistics – 1.0% |
| |||||||
C.H. Robinson Worldwide, Inc. | 4,801 | 458,159 | ||||||
Expeditors International of Washington, Inc. | 4,805 | 517,451 | ||||||
FedEx Corp. | 3,505 | 995,560 | ||||||
United Parcel Service, Inc. Class B | 38,249 | 6,501,948 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 8,473,118 | ||||||
| Auto Components – 0.1% |
| |||||||
BorgWarner, Inc. | 7,290 | 337,964 | ||||||
Gentex Corp. | 8,993 | 320,780 | ||||||
LCI Industries | 1,593 | 210,722 | ||||||
Lear Corp. | 818 | 148,263 | ||||||
|
| |||||||
| Total Auto Components |
| 1,017,729 | ||||||
| Automobiles – 0.0% |
| |||||||
Thor Industries, Inc. | 1,838 | 247,652 | ||||||
| Banks – 7.8% |
| |||||||
Associated Banc-Corp. | 12,525 | 267,283 | ||||||
Atlantic Union Bankshares Corp. | 4,843 | 185,777 | ||||||
BancorpSouth Bank | 5,745 | 186,598 | ||||||
Bank of America Corp. | 321,482 | 12,438,139 | ||||||
Bank of Hawaii Corp. | 2,524 | 225,873 | ||||||
Bank OZK | 8,157 | 333,213 | ||||||
BankUnited, Inc. | 5,224 | 229,595 | ||||||
Banner Corp. | 2,774 | 147,937 | ||||||
BOK Financial Corp. | 3,656 | 326,554 | ||||||
Cathay General Bancorp | 6,219 | 253,611 | ||||||
Citigroup, Inc. | 108,877 | 7,920,802 | ||||||
City Holding Co. | 4,300 | 351,654 | ||||||
Columbia Banking System, Inc. | 4,617 | 198,947 | ||||||
Commerce Bancshares, Inc. | 3,456 | 264,764 | ||||||
Community Bank System, Inc. | 2,675 | 205,226 | ||||||
Cullen/Frost Bankers, Inc. | 3,529 | 383,814 | ||||||
CVB Financial Corp. | 9,382 | 207,248 | ||||||
East West Bancorp, Inc. | 5,827 | 430,033 | ||||||
Fifth Third Bancorp | 43,418 | 1,626,004 | ||||||
First Commonwealth Financial Corp. | 9,807 | 140,927 | ||||||
First Financial Bancorp | 10,090 | 242,160 | ||||||
First Financial Bankshares, Inc. | 4,281 | 200,051 | ||||||
First Hawaiian, Inc. | 10,524 | 288,042 | ||||||
First Horizon Corp. | 40,901 | 691,636 | ||||||
First Interstate BancSystem, Inc. Class A | 3,275 | 150,781 | ||||||
First Merchants Corp. | 3,433 | 159,634 | ||||||
First Republic Bank | 1,899 | 316,658 | ||||||
Flushing Financial Corp. | 5,129 | 108,889 | ||||||
Fulton Financial Corp. | 12,402 | 211,206 | ||||||
Glacier Bancorp, Inc. | 4,789 | 273,356 | ||||||
Hilltop Holdings, Inc. | 4,391 | 149,865 | ||||||
Home BancShares, Inc. | 9,142 | 247,291 | ||||||
Hope Bancorp, Inc. | 13,391 | 201,668 | ||||||
Independent Bank Corp. | 1,780 | 149,858 | ||||||
International Bancshares Corp. | 4,035 | 187,305 | ||||||
Investors Bancorp, Inc. | 21,023 | 308,828 | ||||||
JPMorgan Chase & Co. | 134,338 | 20,450,274 | ||||||
M&T Bank Corp. | 6,965 | 1,055,964 | ||||||
Old National Bancorp | 10,787 | 208,621 | ||||||
Pacific Premier Bancorp, Inc. | 6,591 | 286,313 | ||||||
Park National Corp. | 1,341 | 173,391 | ||||||
People’s United Financial, Inc. | 37,632 | 673,613 | ||||||
Popular, Inc. | 4,645 | 326,636 | ||||||
Prosperity Bancshares, Inc. | 4,677 | 350,261 | ||||||
Regions Financial Corp. | 58,037 | 1,199,044 | ||||||
Sandy Spring Bancorp, Inc. | 5,262 | 228,529 | ||||||
ServisFirst Bancshares, Inc. | 3,098 | 190,000 | ||||||
Signature Bank | 1,808 | 408,789 | ||||||
Simmons First National Corp. Class A | 7,054 | 209,292 | ||||||
Sterling Bancorp | 7,065 | 162,636 | ||||||
Synovus Financial Corp. | 10,117 | 462,853 | ||||||
Truist Financial Corp. | 76,452 | 4,458,681 | ||||||
Trustmark Corp. | 4,794 | 161,366 | ||||||
U.S. Bancorp | 84,526 | 4,675,133 | ||||||
UMB Financial Corp. | 1,915 | 176,812 | ||||||
Umpqua Holdings Corp. | 21,370 | 375,043 | ||||||
United Bankshares, Inc. | 9,972 | 384,720 | ||||||
United Community Banks, Inc. | 5,004 | 170,736 | ||||||
Valley National Bancorp | 31,340 | 430,612 | ||||||
Webster Financial Corp. | 6,313 | 347,909 | ||||||
WesBanco, Inc. | 5,520 | 199,051 | ||||||
Westamerica BanCorp | 2,536 | 159,210 | ||||||
Western Alliance Bancorp | 3,413 | 322,324 | ||||||
Wintrust Financial Corp. | 2,285 | 173,203 | ||||||
|
| |||||||
| Total Banks |
| 68,632,243 | ||||||
| Beverages – 2.9% |
| |||||||
Brown-Forman Corp. Class A | 3,943 | 251,051 | ||||||
Brown-Forman Corp. Class B | 6,796 | 468,720 | ||||||
Coca-Cola Co. (The) | 195,514 | 10,305,543 | ||||||
Constellation Brands, Inc. Class A | 3,739 | 852,492 | ||||||
Keurig Dr. Pepper, Inc. | 39,554 | 1,359,471 | ||||||
PepsiCo, Inc. | 86,061 | 12,173,328 | ||||||
|
| |||||||
| Total Beverages |
| 25,410,605 | ||||||
| Biotechnology – 2.9% |
| |||||||
AbbVie, Inc. | 126,000 | 13,635,720 | ||||||
Amgen, Inc. | 23,848 | 5,933,621 | ||||||
Gilead Sciences, Inc. | 83,529 | 5,398,479 | ||||||
|
| |||||||
| Total Biotechnology |
| 24,967,820 | ||||||
| Building Products – 0.3% |
| |||||||
A.O. Smith Corp. | 6,300 | 425,943 | ||||||
Carrier Global Corp. | 8,922 | 376,687 | ||||||
See Notes to Financial Statements.
| 90 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2021
| Investments | Shares | Value | ||||||
Fortune Brands Home & Security, Inc. | 2,870 | $ | 275,003 | |||||
Lennox International, Inc. | 1,068 | 332,778 | ||||||
Masco Corp. | 4,920 | 294,708 | ||||||
Owens Corning | 2,558 | 235,566 | ||||||
Simpson Manufacturing Co., Inc. | 1,427 | 148,023 | ||||||
UFP Industries, Inc. | 2,016 | 152,894 | ||||||
|
| |||||||
| Total Building Products |
| 2,241,602 | ||||||
| Capital Markets – 4.3% |
| |||||||
Ameriprise Financial, Inc. | 3,997 | 929,103 | ||||||
Ares Management Corp. Class A | 11,457 | 641,936 | ||||||
Artisan Partners Asset Management, Inc. Class A | 10,007 | 522,065 | ||||||
B. Riley Financial, Inc. | 3,514 | 198,119 | ||||||
Bank of New York Mellon Corp. (The) | 38,080 | 1,800,803 | ||||||
BlackRock, Inc. | 6,801 | 5,127,682 | ||||||
Blackstone Group, Inc. (The) Class A | 33,370 | 2,487,066 | ||||||
CBOE Global Markets, Inc. | 3,403 | 335,842 | ||||||
Charles Schwab Corp. (The) | 36,462 | 2,376,593 | ||||||
CME Group, Inc. | 10,099 | 2,062,519 | ||||||
Cohen & Steers, Inc. | 1,948 | 127,263 | ||||||
Evercore, Inc. Class A | 2,692 | 354,644 | ||||||
FactSet Research Systems, Inc. | 616 | 190,091 | ||||||
Federated Hermes, Inc. Class B | 6,670 | 208,771 | ||||||
Franklin Resources, Inc. | 35,495 | 1,050,652 | ||||||
GCM Grosvenor, Inc. Class A | 27,986 | 333,033 | ||||||
Goldman Sachs Group, Inc. (The) | 10,373 | 3,391,971 | ||||||
Hamilton Lane, Inc. Class A | 1,889 | 167,290 | ||||||
Houlihan Lokey, Inc. | 2,756 | 183,302 | ||||||
Intercontinental Exchange, Inc. | 9,466 | 1,057,163 | ||||||
KKR & Co., Inc. Class A | 12,523 | 611,748 | ||||||
LPL Financial Holdings, Inc. | 1,611 | 229,020 | ||||||
MarketAxess Holdings, Inc. | 313 | 155,849 | ||||||
Moelis & Co. Class A | 5,312 | 291,523 | ||||||
Moody’s Corp. | 3,507 | 1,047,225 | ||||||
Morgan Stanley | 57,666 | 4,478,342 | ||||||
MSCI, Inc. | 1,000 | 419,280 | ||||||
Nasdaq, Inc. | 5,890 | 868,539 | ||||||
Northern Trust Corp. | 9,589 | 1,007,900 | ||||||
Raymond James Financial, Inc. | 3,675 | 450,408 | ||||||
S&P Global, Inc. | 4,067 | 1,435,122 | ||||||
SEI Investments Co. | 3,372 | �� | 205,456 | |||||
Stifel Financial Corp. | 2,901 | 185,838 | ||||||
T. Rowe Price Group, Inc. | 11,753 | 2,016,815 | ||||||
Virtu Financial, Inc. Class A | 9,099 | 282,524 | ||||||
|
| |||||||
| Total Capital Markets |
| 37,231,497 | ||||||
| Chemicals – 1.9% |
| |||||||
Air Products & Chemicals, Inc. | 6,271 | 1,764,283 | ||||||
Albemarle Corp. | 1,975 | 288,567 | ||||||
Ashland Global Holdings, Inc. | 1,858 | 164,935 | ||||||
Avient Corp. | 4,000 | 189,080 | ||||||
Cabot Corp. | 3,771 | 197,751 | ||||||
Celanese Corp. | 3,305 | 495,122 | ||||||
CF Industries Holdings, Inc. | 10,938 | 496,366 | ||||||
Chemours Co. (The) | 10,689 | 298,330 | ||||||
Corteva, Inc. | 12,993 | 605,734 | ||||||
Dow, Inc. | 55,081 | 3,521,879 | ||||||
DuPont de Nemours, Inc. | 18,404 | 1,422,261 | ||||||
Eastman Chemical Co. | 5,537 | 609,735 | ||||||
Ecolab, Inc. | 3,733 | 799,123 | ||||||
Element Solutions, Inc. | 9,943 | 181,858 | ||||||
FMC Corp. | 3,176 | 351,297 | ||||||
H.B. Fuller Co. | 2,179 | 137,081 | ||||||
Huntsman Corp. | 9,712 | 279,997 | ||||||
International Flavors & Fragrances, Inc. | 4,589 | 640,670 | ||||||
Kronos Worldwide, Inc. | 10,939 | 167,367 | ||||||
Mosaic Co. (The) | 6,835 | 216,054 | ||||||
NewMarket Corp. | 578 | 219,733 | ||||||
Olin Corp. | 10,021 | 380,497 | ||||||
PPG Industries, Inc. | 4,678 | 702,916 | ||||||
RPM International, Inc. | 5,478 | 503,154 | ||||||
Scotts Miracle-Gro Co. (The) | 1,966 | 481,611 | ||||||
Sensient Technologies Corp. | 2,526 | 197,028 | ||||||
Sherwin-Williams Co. (The) | 1,396 | 1,030,262 | ||||||
Valvoline, Inc. | 7,701 | 200,765 | ||||||
W.R. Grace & Co. | 2,817 | 168,626 | ||||||
Westlake Chemical Corp. | 2,968 | 263,529 | ||||||
|
| |||||||
| Total Chemicals |
| 16,975,611 | ||||||
| Commercial Services & Supplies – 0.6% |
| |||||||
ABM Industries, Inc. | 2,805 | 143,083 | ||||||
Cintas Corp. | 2,387 | 814,707 | ||||||
Healthcare Services Group, Inc. | 5,396 | 151,250 | ||||||
HNI Corp. | 3,132 | 123,902 | ||||||
MSA Safety, Inc. | 1,251 | 187,675 | ||||||
Republic Services, Inc. | 13,188 | 1,310,228 | ||||||
Rollins, Inc. | 7,322 | 252,023 | ||||||
Steelcase, Inc. Class A | 6,907 | 99,392 | ||||||
Tetra Tech, Inc. | 1,033 | 140,199 | ||||||
Waste Management, Inc. | 12,074 | 1,557,787 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 4,780,246 | ||||||
| Communications Equipment – 1.4% |
| |||||||
Cisco Systems, Inc. | 202,082 | 10,449,660 | ||||||
Juniper Networks, Inc. | 19,880 | 503,560 | ||||||
Motorola Solutions, Inc. | 4,385 | 824,599 | ||||||
Ubiquiti, Inc. | 715 | 213,285 | ||||||
|
| |||||||
| Total Communications Equipment |
| 11,991,104 | ||||||
| Construction & Engineering – 0.0% |
| |||||||
Quanta Services, Inc. | 1,414 | 124,404 | ||||||
Valmont Industries, Inc. | 744 | 176,826 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 301,230 | ||||||
| Construction Materials – 0.1% |
| |||||||
Martin Marietta Materials, Inc. | 895 | 300,559 | ||||||
Vulcan Materials Co. | 2,138 | 360,787 | ||||||
|
| |||||||
| Total Construction Materials |
| 661,346 | ||||||
| Consumer Finance – 0.6% |
| |||||||
American Express Co. | 16,008 | 2,264,172 | ||||||
Discover Financial Services | 10,270 | 975,547 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 91 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2021
| Investments | Shares | Value | ||||||
Navient Corp. | 23,027 | $ | 329,517 | |||||
OneMain Holdings, Inc. | 10,057 | 540,262 | ||||||
SLM Corp. | 12,390 | 222,648 | ||||||
Synchrony Financial | 24,823 | 1,009,303 | ||||||
|
| |||||||
| Total Consumer Finance |
| 5,341,449 | ||||||
| Containers & Packaging – 0.6% |
| |||||||
AptarGroup, Inc. | 1,924 | 272,573 | ||||||
Avery Dennison Corp. | 3,228 | 592,822 | ||||||
Ball Corp. | 4,672 | 395,905 | ||||||
Graphic Packaging Holding Co. | 9,910 | 179,966 | ||||||
Greif, Inc. Class A | 2,140 | 121,980 | ||||||
Greif, Inc. Class B | 2,477 | 141,783 | ||||||
International Paper Co. | 23,839 | 1,288,975 | ||||||
Packaging Corp. of America | 5,173 | 695,665 | ||||||
Sealed Air Corp. | 5,835 | 267,360 | ||||||
Silgan Holdings, Inc. | 4,523 | 190,102 | ||||||
Sonoco Products Co. | 6,988 | 442,340 | ||||||
WestRock Co. | 7,821 | 407,083 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 4,996,554 | ||||||
| Distributors – 0.1% |
| |||||||
Genuine Parts Co. | 7,424 | 858,140 | ||||||
Pool Corp. | 733 | 253,061 | ||||||
|
| |||||||
| Total Distributors |
| 1,111,201 | ||||||
| Diversified Consumer Services – 0.1% |
| |||||||
H&R Block, Inc. | 20,757 | 452,503 | ||||||
Service Corp. International | 7,327 | 374,043 | ||||||
Strategic Education, Inc. | 1,371 | 126,009 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 952,555 | ||||||
| Diversified Financial Services – 0.1% |
| |||||||
Jefferies Financial Group, Inc. | 11,500 | 346,150 | ||||||
Voya Financial, Inc. | 2,615 | 166,419 | ||||||
|
| |||||||
| Total Diversified Financial Services |
| 512,569 | ||||||
| Diversified Telecommunication Services – 5.3% |
| |||||||
AT&T, Inc. | 712,660 | 21,572,218 | ||||||
Cogent Communications Holdings, Inc. | 4,261 | 292,986 | ||||||
Lumen Technologies, Inc. | 162,363 | 2,167,546 | ||||||
Verizon Communications, Inc. | 377,779 | 21,967,849 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 46,000,599 | ||||||
| Electric Utilities – 3.8% |
| |||||||
ALLETE, Inc. | 3,918 | 263,250 | ||||||
Alliant Energy Corp. | 16,819 | 910,917 | ||||||
American Electric Power Co., Inc. | 25,202 | 2,134,609 | ||||||
Avangrid, Inc. | 18,392 | 916,106 | ||||||
Duke Energy Corp. | 45,276 | 4,370,492 | ||||||
Edison International | 23,823 | 1,396,028 | ||||||
Entergy Corp. | 11,131 | 1,107,201 | ||||||
Evergy, Inc. | 13,728 | 817,228 | ||||||
Eversource Energy | 12,461 | 1,078,998 | ||||||
Exelon Corp. | 51,652 | 2,259,258 | ||||||
FirstEnergy Corp. | 42,901 | 1,488,236 | ||||||
Hawaiian Electric Industries, Inc. | 6,943 | 308,478 | ||||||
IDACORP, Inc. | 3,925 | 392,382 | ||||||
NextEra Energy, Inc. | 81,918 | 6,193,820 | ||||||
NRG Energy, Inc. | 14,000 | 528,220 | ||||||
OGE Energy Corp. | 15,939 | 515,786 | ||||||
Otter Tail Corp. | 3,093 | 142,804 | ||||||
Pinnacle West Capital Corp. | 7,291 | 593,123 | ||||||
Portland General Electric Co. | �� | 6,217 | 295,121 | |||||
PPL Corp. | 66,704 | 1,923,743 | ||||||
Southern Co. (The) | 64,581 | 4,014,355 | ||||||
Xcel Energy, Inc. | 29,290 | 1,948,078 | ||||||
|
| |||||||
| Total Electric Utilities |
| 33,598,233 | ||||||
| Electrical Equipment – 0.5% |
| |||||||
AMETEK, Inc. | 2,418 | 308,851 | ||||||
Emerson Electric Co. | 22,572 | 2,036,446 | ||||||
Hubbell, Inc. | 3,191 | 596,366 | ||||||
Regal Beloit Corp. | 942 | 134,404 | ||||||
Rockwell Automation, Inc. | 4,602 | 1,221,555 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 4,297,622 | ||||||
| Electronic Equipment, Instruments & Components – 0.4% |
| |||||||
Amphenol Corp. Class A | 12,228 | 806,681 | ||||||
Avnet, Inc. | 5,060 | 210,040 | ||||||
CDW Corp. | 2,861 | 474,211 | ||||||
Corning, Inc. | 27,421 | 1,193,088 | ||||||
Dolby Laboratories, Inc. Class A | 1,812 | 178,881 | ||||||
National Instruments Corp. | 6,182 | 266,970 | ||||||
Vishay Intertechnology, Inc. | 5,768 | 138,893 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 3,268,764 | ||||||
| Energy Equipment & Services – 0.1% |
| |||||||
Archrock, Inc. | 19,126 | 181,506 | ||||||
Baker Hughes Co. | 34,515 | 745,869 | ||||||
Halliburton Co. | 14,034 | 301,170 | ||||||
|
| |||||||
| Total Energy Equipment & Services |
| 1,228,545 | ||||||
| Entertainment – 0.2% |
| |||||||
Activision Blizzard, Inc. | 8,935 | 830,955 | ||||||
Electronic Arts, Inc. | 3,632 | 491,664 | ||||||
|
| |||||||
| Total Entertainment |
| 1,322,619 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 5.0% |
| |||||||
Agree Realty Corp. | 3,014 | 202,872 | ||||||
Alexander’s, Inc. | 540 | 149,742 | ||||||
Alexandria Real Estate Equities, Inc. | 5,559 | 913,344 | ||||||
American Campus Communities, Inc. | 8,152 | 351,922 | ||||||
American Homes 4 Rent Class A | 5,311 | 177,069 | ||||||
American Tower Corp. | 10,499 | 2,509,891 | ||||||
Americold Realty Trust | 7,849 | 301,951 | ||||||
AvalonBay Communities, Inc. | 5,804 | 1,070,896 | ||||||
Boston Properties, Inc. | 6,413 | 649,380 | ||||||
Brandywine Realty Trust | 16,875 | 217,856 | ||||||
Brixmor Property Group, Inc. | 21,585 | 436,665 | ||||||
Camden Property Trust | 4,311 | 473,822 | ||||||
CareTrust REIT, Inc. | 7,411 | 172,565 | ||||||
Columbia Property Trust, Inc. | 10,834 | 185,261 | ||||||
CoreSite Realty Corp. | 3,399 | 407,370 | ||||||
See Notes to Financial Statements.
| 92 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2021
| Investments | Shares | Value | ||||||
Corporate Office Properties Trust | 7,366 | $ | 193,947 | |||||
Cousins Properties, Inc. | 7,684 | 271,629 | ||||||
Crown Castle International Corp. | 16,548 | 2,848,407 | ||||||
CubeSmart | 15,705 | 594,120 | ||||||
CyrusOne, Inc. | 4,902 | 331,963 | ||||||
Digital Realty Trust, Inc. | 10,664 | 1,501,918 | ||||||
Douglas Emmett, Inc. | 8,778 | 275,629 | ||||||
Duke Realty Corp. | 12,873 | 539,765 | ||||||
Easterly Government Properties, Inc. | 6,508 | 134,911 | ||||||
EastGroup Properties, Inc. | 1,988 | 284,841 | ||||||
Equinix, Inc. | 1,517 | 1,030,938 | ||||||
Equity LifeStyle Properties, Inc. | 5,604 | 356,639 | ||||||
Equity Residential | 15,936 | 1,141,496 | ||||||
Essential Properties Realty Trust, Inc. | 7,290 | 166,431 | ||||||
Essex Property Trust, Inc. | 2,249 | 611,368 | ||||||
Extra Space Storage, Inc. | 6,652 | 881,723 | ||||||
First Industrial Realty Trust, Inc. | 6,558 | 300,291 | ||||||
Four Corners Property Trust, Inc. | 7,179 | 196,705 | ||||||
Gaming and Leisure Properties, Inc. | 24,603 | 1,043,905 | ||||||
Getty Realty Corp. | 5,551 | 157,204 | ||||||
Healthcare Realty Trust, Inc. | 11,153 | 338,159 | ||||||
Healthcare Trust of America, Inc. Class A | 14,606 | 402,833 | ||||||
Healthpeak Properties, Inc. | 28,304 | 898,369 | ||||||
Highwoods Properties, Inc. | 7,196 | 308,996 | ||||||
Hudson Pacific Properties, Inc. | 8,596 | 233,209 | ||||||
Independence Realty Trust, Inc. | 7,153 | 108,726 | ||||||
Industrial Logistics Properties Trust | 8,567 | 198,155 | ||||||
Innovative Industrial Properties, Inc. | 1,053 | 189,708 | ||||||
Invitation Homes, Inc. | 10,936 | 349,843 | ||||||
Iron Mountain, Inc. | 29,693 | 1,098,938 | ||||||
JBG SMITH Properties | 5,733 | 182,252 | ||||||
Kilroy Realty Corp. | 5,155 | 338,323 | ||||||
Kimco Realty Corp. | 25,099 | 470,606 | ||||||
Kite Realty Group Trust | 4,801 | 92,611 | ||||||
Lamar Advertising Co. Class A | 3,113 | 292,373 | ||||||
Lexington Realty Trust | 24,154 | 268,351 | ||||||
Life Storage, Inc. | 3,886 | 334,002 | ||||||
LTC Properties, Inc. | 3,841 | 160,247 | ||||||
Medical Properties Trust, Inc. | 35,271 | 750,567 | ||||||
Mid-America Apartment Communities, Inc. | 4,470 | 645,289 | ||||||
National Health Investors, Inc. | 4,132 | 298,661 | ||||||
National Retail Properties, Inc. | 12,115 | 533,908 | ||||||
National Storage Affiliates Trust | 6,329 | 252,717 | ||||||
Office Properties Income Trust | 7,035 | 193,603 | ||||||
Paramount Group, Inc. | 15,619 | 158,220 | ||||||
Physicians Realty Trust | 15,161 | 267,895 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 10,290 | 178,737 | ||||||
PotlatchDeltic Corp. | 4,995 | 264,335 | ||||||
Prologis, Inc. | 20,373 | 2,159,538 | ||||||
PS Business Parks, Inc. | 1,313 | 202,964 | ||||||
Public Storage | 10,975 | 2,708,191 | ||||||
QTS Realty Trust, Inc. Class A | 3,149 | 195,364 | ||||||
Rayonier, Inc. | 7,321 | 236,102 | ||||||
Realty Income Corp. | 18,245 | 1,158,558 | ||||||
Rexford Industrial Realty, Inc. | 4,877 | 245,801 | ||||||
Sabra Health Care REIT, Inc. | 18,842 | 327,097 | ||||||
SBA Communications Corp. | 595 | 165,142 | ||||||
SITE Centers Corp. | 8,429 | 114,297 | ||||||
SL Green Realty Corp. | 5,603 | 392,154 | ||||||
Spirit Realty Capital, Inc. | 9,205 | 391,213 | ||||||
STAG Industrial, Inc. | 10,283 | 345,612 | ||||||
STORE Capital Corp. | 15,236 | 510,406 | ||||||
Sun Communities, Inc. | 2,172 | 325,887 | ||||||
Terreno Realty Corp. | 3,217 | 185,846 | ||||||
UDR, Inc. | 13,672 | 599,654 | ||||||
Uniti Group, Inc. | 18,831 | 207,706 | ||||||
VICI Properties, Inc.(a) | 34,802 | 982,808 | ||||||
Washington Prime Group, Inc. | 1 | 2 | ||||||
Washington Real Estate Investment Trust | 6,818 | 150,678 | ||||||
Weingarten Realty Investors | 6,846 | 184,226 | ||||||
Weyerhaeuser Co. | 17,225 | 613,210 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 43,296,525 | ||||||
| Food & Staples Retailing – 1.9% |
| |||||||
Albertsons Cos., Inc. Class A(a) | 21,476 | 409,547 | ||||||
Casey’s General Stores, Inc. | 806 | 174,249 | ||||||
Costco Wholesale Corp. | 7,080 | 2,495,559 | ||||||
Kroger Co. (The) | 41,015 | 1,476,130 | ||||||
Walmart, Inc. | 90,787 | 12,331,598 | ||||||
Weis Markets, Inc. | 2,365 | 133,670 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 17,020,753 | ||||||
| Food Products – 2.3% |
| |||||||
Archer-Daniels-Midland Co. | 24,459 | 1,394,163 | ||||||
B&G Foods, Inc. | 10,868 | 337,560 | ||||||
Campbell Soup Co. | 20,407 | 1,025,860 | ||||||
Conagra Brands, Inc. | 23,505 | 883,788 | ||||||
Flowers Foods, Inc. | 18,566 | 441,871 | ||||||
General Mills, Inc. | 46,723 | 2,865,054 | ||||||
Hershey Co. (The) | 7,286 | 1,152,354 | ||||||
Hormel Foods Corp. | 17,413 | 831,993 | ||||||
Ingredion, Inc. | 3,678 | 330,726 | ||||||
J.M. Smucker Co. (The) | 8,136 | 1,029,448 | ||||||
Kellogg Co. | 28,588 | 1,809,620 | ||||||
Kraft Heinz Co. (The) | 85,864 | 3,434,560 | ||||||
Lamb Weston Holdings, Inc. | 3,100 | 240,188 | ||||||
Lancaster Colony Corp. | 933 | 163,611 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 8,501 | 757,949 | ||||||
Mondelez International, Inc. Class A | 44,568 | 2,608,565 | ||||||
Sanderson Farms, Inc. | 692 | 107,800 | ||||||
Tootsie Roll Industries, Inc. | 2,444 | 80,976 | ||||||
Tyson Foods, Inc. Class A | 11,957 | 888,405 | ||||||
|
| |||||||
| Total Food Products |
| 20,384,491 | ||||||
| Gas Utilities – 0.3% |
| |||||||
Atmos Energy Corp. | 5,208 | 514,811 | ||||||
National Fuel Gas Co. | 6,671 | 333,483 | ||||||
New Jersey Resources Corp. | 6,879 | 274,266 | ||||||
Northwest Natural Holding Co. | 2,672 | 144,154 | ||||||
ONE Gas, Inc. | 2,668 | 205,196 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 93 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2021
| Investments | Shares | Value | ||||||
South Jersey Industries, Inc. | 9,757 | $ | 220,313 | |||||
Southwest Gas Holdings, Inc. | 3,512 | 241,309 | ||||||
Spire, Inc. | 3,719 | 274,797 | ||||||
UGI Corp. | 12,661 | 519,228 | ||||||
|
| |||||||
| Total Gas Utilities |
| 2,727,557 | ||||||
| Health Care Equipment & Supplies – 1.1% |
| |||||||
Abbott Laboratories | 34,766 | 4,166,358 | ||||||
Baxter International, Inc. | 10,060 | 848,460 | ||||||
Becton, Dickinson and Co. | 5,622 | 1,366,989 | ||||||
Danaher Corp. | 3,491 | 785,754 | ||||||
Dentsply Sirona, Inc. | 3,133 | 199,917 | ||||||
Hill-Rom Holdings, Inc. | 1,311 | 144,839 | ||||||
ResMed, Inc. | 2,568 | 498,243 | ||||||
Stryker Corp. | 5,475 | 1,333,601 | ||||||
Teleflex, Inc. | 347 | 144,165 | ||||||
West Pharmaceutical Services, Inc. | 573 | 161,460 | ||||||
Zimmer Biomet Holdings, Inc. | 2,289 | 366,423 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 10,016,209 | ||||||
| Health Care Providers & Services – 2.4% |
| |||||||
AmerisourceBergen Corp. | 5,718 | 675,124 | ||||||
Anthem, Inc. | 4,433 | 1,591,225 | ||||||
Cardinal Health, Inc. | 15,734 | 955,840 | ||||||
CVS Health Corp. | 51,599 | 3,881,793 | ||||||
Encompass Health Corp. | 2,508 | 205,405 | ||||||
Humana, Inc. | 1,300 | 545,025 | ||||||
McKesson Corp. | 2,450 | 477,848 | ||||||
Patterson Cos., Inc. | 5,749 | 183,681 | ||||||
Premier, Inc. Class A | 4,908 | 166,136 | ||||||
Quest Diagnostics, Inc. | 5,749 | 737,827 | ||||||
UnitedHealth Group, Inc. | 30,548 | 11,365,994 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 20,785,898 | ||||||
| Health Care Technology – 0.1% |
| |||||||
Cerner Corp. | 7,184 | 516,386 | ||||||
| Hotels, Restaurants & Leisure – 1.3% |
| |||||||
Domino’s Pizza, Inc. | 814 | 299,381 | ||||||
McDonald’s Corp. | 27,045 | 6,061,866 | ||||||
Starbucks Corp. | 30,345 | 3,315,798 | ||||||
Travel + Leisure Co. | 4,263 | 260,725 | ||||||
Wendy’s Co. (The) | 6,037 | 122,310 | ||||||
Wyndham Hotels & Resorts, Inc. | 1,457 | 101,670 | ||||||
Yum! Brands, Inc. | 12,405 | 1,341,973 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 11,503,723 | ||||||
| Household Durables – 0.4% |
| |||||||
D.R. Horton, Inc. | 6,695 | 596,658 | ||||||
Ethan Allen Interiors, Inc. | 4,129 | 114,002 | ||||||
Leggett & Platt, Inc. | 8,381 | 382,593 | ||||||
Lennar Corp. Class A | 6,199 | 627,525 | ||||||
MDC Holdings, Inc. | 4,398 | 261,241 | ||||||
Newell Brands, Inc. | 29,549 | 791,322 | ||||||
PulteGroup, Inc. | 5,511 | 288,997 | ||||||
Whirlpool Corp. | 2,732 | 601,996 | ||||||
|
| |||||||
| Total Household Durables |
| 3,664,334 | ||||||
| Household Products – 2.9% |
| |||||||
Church & Dwight Co., Inc. | 4,537 | 396,307 | ||||||
Clorox Co. (The) | 6,351 | 1,224,981 | ||||||
Colgate-Palmolive Co. | 38,548 | 3,038,739 | ||||||
Energizer Holdings, Inc. | 3,776 | 179,209 | ||||||
Kimberly-Clark Corp. | 23,178 | 3,222,901 | ||||||
Procter & Gamble Co. (The) | 126,095 | 17,077,046 | ||||||
Reynolds Consumer Products, Inc. | 10,205 | 303,905 | ||||||
Spectrum Brands Holdings, Inc. | 2,189 | 186,065 | ||||||
WD-40 Co. | 470 | 143,904 | ||||||
|
| |||||||
| Total Household Products |
| 25,773,057 | ||||||
| Independent Power & Renewable Electricity Producers – 0.2% |
| |||||||
AES Corp. (The) | 28,678 | 768,857 | ||||||
Clearway Energy, Inc. Class A | 4,865 | 128,971 | ||||||
Clearway Energy, Inc. Class C | 8,757 | 246,422 | ||||||
Vistra Corp. | 22,843 | 403,865 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 1,548,115 | ||||||
| Industrial Conglomerates – 1.5% |
| |||||||
3M Co. | 43,400 | 8,362,312 | ||||||
Carlisle Cos., Inc. | 1,373 | 225,968 | ||||||
General Electric Co. | 40,456 | 531,187 | ||||||
Honeywell International, Inc. | 17,918 | 3,889,460 | ||||||
Roper Technologies, Inc. | 934 | 376,720 | ||||||
|
| |||||||
| Total Industrial Conglomerates |
| 13,385,647 | ||||||
| Insurance – 2.3% |
| |||||||
Aflac, Inc. | 31,362 | 1,605,107 | ||||||
Allstate Corp. (The) | 13,123 | 1,507,833 | ||||||
American Equity Investment Life Holding Co. | 3,019 | 95,189 | ||||||
American Financial Group, Inc. | 3,347 | 381,893 | ||||||
American National Group, Inc. | 1,980 | 213,583 | ||||||
Arthur J. Gallagher & Co. | 6,945 | 866,528 | ||||||
Assurant, Inc. | 2,057 | 291,621 | ||||||
Brown & Brown, Inc. | 6,058 | 276,911 | ||||||
Cincinnati Financial Corp. | 7,556 | 778,948 | ||||||
CNA Financial Corp. | 17,610 | 785,934 | ||||||
CNO Financial Group, Inc. | 8,145 | 197,842 | ||||||
Erie Indemnity Co. Class A | 1,966 | 434,309 | ||||||
Fidelity National Financial, Inc. | 18,391 | 747,778 | ||||||
First American Financial Corp. | 7,114 | 403,008 | ||||||
Globe Life, Inc. | 1,660 | 160,406 | ||||||
Hanover Insurance Group, Inc. (The) | 2,217 | 287,013 | ||||||
Hartford Financial Services Group, Inc. (The) | 13,300 | 888,307 | ||||||
Horace Mann Educators Corp. | 2,738 | 118,309 | ||||||
Kemper Corp. | 2,760 | 220,027 | ||||||
Marsh & McLennan Cos., Inc. | 18,371 | 2,237,588 | ||||||
Mercury General Corp. | 7,784 | 473,345 | ||||||
MetLife, Inc. | 51,612 | 3,137,493 | ||||||
Old Republic International Corp. | 22,587 | 493,300 | ||||||
Primerica, Inc. | 1,298 | 191,870 | ||||||
Progressive Corp. (The) | 4,766 | 455,677 | ||||||
Reinsurance Group of America, Inc. | 2,679 | 337,688 | ||||||
RLI Corp. | 1,359 | 151,624 | ||||||
Safety Insurance Group, Inc. | 2,095 | 176,504 | ||||||
See Notes to Financial Statements.
| 94 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2021
| Investments | Shares | Value | ||||||
Selective Insurance Group, Inc. | 1,965 | $ | 142,541 | |||||
Stewart Information Services Corp. | 2,367 | 123,155 | ||||||
Travelers Cos., Inc. (The) | 8,867 | 1,333,597 | ||||||
Unum Group | 16,349 | 454,993 | ||||||
W.R. Berkley Corp. | 1,333 | 100,441 | ||||||
|
| |||||||
| Total Insurance |
| 20,070,362 | ||||||
| Internet & Direct Marketing Retail – 0.1% |
| |||||||
eBay, Inc. | 20,530 | 1,257,257 | ||||||
| IT Services – 2.6% |
| |||||||
Automatic Data Processing, Inc. | 13,619 | 2,566,773 | ||||||
Broadridge Financial Solutions, Inc. | 4,302 | 658,636 | ||||||
Cognizant Technology Solutions Corp. Class A | 9,264 | 723,704 | ||||||
Fidelity National Information Services, Inc. | 7,999 | 1,124,739 | ||||||
Global Payments, Inc. | 1,955 | 394,089 | ||||||
International Business Machines Corp. | 68,076 | 9,071,808 | ||||||
Jack Henry & Associates, Inc. | 1,473 | 223,484 | ||||||
MasterCard, Inc. Class A | 6,661 | 2,371,649 | ||||||
MAXIMUS, Inc. | 2,002 | 178,258 | ||||||
NIC, Inc. | 3,136 | 106,404 | ||||||
Paychex, Inc. | 14,635 | 1,434,523 | ||||||
TTEC Holdings, Inc. | 1,707 | 171,468 | ||||||
Visa, Inc. Class A | 14,754 | 3,123,864 | ||||||
Western Union Co. (The) | 27,038 | 666,757 | ||||||
|
| |||||||
| Total IT Services |
| 22,816,156 | ||||||
| Leisure Products – 0.2% |
| |||||||
Brunswick Corp. | 3,039 | 289,829 | ||||||
Hasbro, Inc. | 6,628 | 637,083 | ||||||
Polaris, Inc. | 2,835 | 378,473 | ||||||
Sturm Ruger & Co., Inc. | 2,070 | 136,765 | ||||||
|
| |||||||
| Total Leisure Products |
| 1,442,150 | ||||||
| Life Sciences Tools & Services – 0.2% |
| |||||||
Agilent Technologies, Inc. | 4,869 | 619,045 | ||||||
Bio-Techne Corp. | 488 | 186,382 | ||||||
PerkinElmer, Inc. | 754 | 96,731 | ||||||
Thermo Fisher Scientific, Inc. | 1,470 | 670,878 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 1,573,036 | ||||||
| Machinery – 2.3% |
| |||||||
AGCO Corp. | 1,648 | 236,735 | ||||||
Allison Transmission Holdings, Inc. | 3,610 | 147,396 | ||||||
Caterpillar, Inc. | 18,158 | 4,210,296 | ||||||
Crane Co. | 2,564 | 240,785 | ||||||
Cummins, Inc. | 5,018 | 1,300,214 | ||||||
Deere & Co. | 5,295 | 1,981,071 | ||||||
Donaldson Co., Inc. | 5,056 | 294,057 | ||||||
Dover Corp. | 5,542 | 759,974 | ||||||
Flowserve Corp. | 5,420 | 210,350 | ||||||
Fortive Corp. | 2,634 | 186,066 | ||||||
Graco, Inc. | 4,451 | 318,781 | ||||||
Hillenbrand, Inc. | 3,400 | 162,214 | ||||||
IDEX Corp. | 1,368 | 286,350 | ||||||
Illinois Tool Works, Inc. | 15,216 | 3,370,648 | ||||||
ITT, Inc. | 2,227 | 202,457 | ||||||
Kennametal, Inc. | 3,690 | 147,489 | ||||||
Lincoln Electric Holdings, Inc. | 2,600 | 319,644 | ||||||
Mueller Industries, Inc. | 2,709 | 112,017 | ||||||
Nordson Corp. | 880 | 174,838 | ||||||
Oshkosh Corp. | 2,051 | 243,372 | ||||||
Otis Worldwide Corp. | 12,304 | 842,209 | ||||||
PACCAR, Inc. | 8,095 | 752,187 | ||||||
Parker-Hannifin Corp. | 2,167 | 683,537 | ||||||
Rexnord Corp. | 3,294 | 155,114 | ||||||
Snap-on, Inc. | 2,413 | 556,776 | ||||||
Stanley Black & Decker, Inc. | 3,990 | 796,683 | ||||||
Timken Co. (The) | 3,127 | 253,819 | ||||||
Toro Co. (The) | 3,078 | 317,465 | ||||||
Trinity Industries, Inc. | 6,895 | 196,439 | ||||||
Watts Water Technologies, Inc. Class A | 817 | 97,068 | ||||||
Westinghouse Air Brake Technologies Corp. | 2,300 | 182,068 | ||||||
Xylem, Inc. | 3,238 | 340,573 | ||||||
|
| |||||||
| Total Machinery |
| 20,078,692 | ||||||
| Marine – 0.0% |
| |||||||
Matson, Inc. | 2,225 | 148,407 | ||||||
| Media – 1.3% |
| |||||||
Cable One, Inc. | 60 | 109,702 | ||||||
Comcast Corp. Class A | 119,907 | 6,488,168 | ||||||
Fox Corp. Class A | 9,269 | 334,703 | ||||||
Fox Corp. Class B | 7,504 | 262,115 | ||||||
Interpublic Group of Cos., Inc. (The) | 26,697 | 779,552 | ||||||
John Wiley & Sons, Inc. Class A | 3,283 | 177,939 | ||||||
New York Times Co. (The) Class A | 2,711 | 137,231 | ||||||
News Corp. Class A | 8,532 | 216,969 | ||||||
Nexstar Media Group, Inc. Class A | 1,711 | 240,276 | ||||||
Omnicom Group, Inc. | 13,483 | 999,764 | ||||||
Sirius XM Holdings, Inc.(a) | 62,258 | 379,151 | ||||||
TEGNA, Inc. | 8,948 | 168,491 | ||||||
ViacomCBS, Inc. Class B | 23,104 | 1,041,990 | ||||||
|
| |||||||
| Total Media |
| 11,336,051 | ||||||
| Metals & Mining – 0.5% |
| |||||||
Commercial Metals Co. | 8,191 | 252,610 | ||||||
Compass Minerals International, Inc. | 3,975 | 249,312 | ||||||
Newmont Corp. | 29,724 | 1,791,466 | ||||||
Nucor Corp. | 13,498 | 1,083,484 | ||||||
Reliance Steel & Aluminum Co. | 3,270 | 497,988 | ||||||
Royal Gold, Inc. | 1,403 | 150,991 | ||||||
Steel Dynamics, Inc. | 9,180 | 465,977 | ||||||
Worthington Industries, Inc. | 3,017 | 202,411 | ||||||
|
| |||||||
| Total Metals & Mining |
| 4,694,239 | ||||||
| Multi-Utilities – 1.8% |
| |||||||
Ameren Corp. | 10,296 | 837,683 | ||||||
Avista Corp. | 5,429 | 259,235 | ||||||
Black Hills Corp. | 4,260 | 284,440 | ||||||
CenterPoint Energy, Inc. | 23,415 | 530,350 | ||||||
CMS Energy Corp. | 17,964 | 1,099,756 | ||||||
Consolidated Edison, Inc. | 20,977 | 1,569,080 | ||||||
Dominion Energy, Inc. | 39,801 | 3,023,284 | ||||||
DTE Energy Co. | 10,270 | 1,367,348 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 95 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2021
| Investments | Shares | Value | ||||||
MDU Resources Group, Inc. | 17,005 | $ | 537,528 | |||||
NiSource, Inc. | 22,356 | 539,003 | ||||||
NorthWestern Corp. | 3,886 | 253,367 | ||||||
Public Service Enterprise Group, Inc. | 25,610 | 1,541,978 | ||||||
Sempra Energy | 13,280 | 1,760,662 | ||||||
WEC Energy Group, Inc. | 18,180 | 1,701,466 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 15,305,180 | ||||||
| Multiline Retail – 0.5% |
| |||||||
Big Lots, Inc. | 3,154 | 215,418 | ||||||
Dollar General Corp. | 3,973 | 805,009 | ||||||
Target Corp. | 17,820 | 3,529,608 | ||||||
|
| |||||||
| Total Multiline Retail |
| 4,550,035 | ||||||
| Oil, Gas & Consumable Fuels – 0.6% |
| |||||||
Antero Midstream Corp. | 114,909 | 1,037,628 | ||||||
APA Corp. | 6,486 | 116,099 | ||||||
Cabot Oil & Gas Corp. | 16,838 | 316,217 | ||||||
Cimarex Energy Co. | 4,566 | 271,175 | ||||||
Diamondback Energy, Inc. | 8,484 | 623,489 | ||||||
EOG Resources, Inc. | 23,428 | 1,699,233 | ||||||
Marathon Oil Corp. | 25,551 | 272,885 | ||||||
Pioneer Natural Resources Co. | 5,704 | 905,909 | ||||||
SM Energy Co. | 7,875 | 128,914 | ||||||
Targa Resources Corp. | 6,733 | 213,773 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 5,585,322 | ||||||
| Paper & Forest Products – 0.1% |
| |||||||
Louisiana-Pacific Corp. | 4,809 | 266,707 | ||||||
Schweitzer-Mauduit International, Inc. | 3,332 | 163,168 | ||||||
|
| |||||||
| Total Paper & Forest Products |
| 429,875 | ||||||
| Personal Products – 0.1% |
| |||||||
Estee Lauder Cos., Inc. (The) Class A | 3,033 | 882,148 | ||||||
Medifast, Inc. | 774 | 163,949 | ||||||
Nu Skin Enterprises, Inc. Class A | 2,963 | 156,713 | ||||||
|
| |||||||
| Total Personal Products |
| 1,202,810 | ||||||
| Pharmaceuticals – 7.1% |
| |||||||
Bristol-Myers Squibb Co. | 99,601 | 6,287,811 | ||||||
Eli Lilly & Co. | 28,452 | 5,315,403 | ||||||
Johnson & Johnson | 155,977 | 25,634,820 | ||||||
Merck & Co., Inc. | 175,559 | 13,533,843 | ||||||
Pfizer, Inc. | 297,704 | 10,785,816 | ||||||
Zoetis, Inc. | 3,808 | 599,684 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 62,157,377 | ||||||
| Professional Services – 0.4% |
| |||||||
Booz Allen Hamilton Holding Corp. | 4,789 | 385,658 | ||||||
CoreLogic, Inc. | 3,445 | 273,016 | ||||||
Equifax, Inc. | 1,756 | 318,064 | ||||||
Exponent, Inc. | 1,477 | 143,934 | ||||||
Insperity, Inc. | 2,027 | 169,741 | ||||||
Jacobs Engineering Group, Inc. | 1,705 | 220,405 | ||||||
KBR, Inc. | 4,316 | 165,691 | ||||||
Leidos Holdings, Inc. | 3,152 | 303,475 | ||||||
ManpowerGroup, Inc. | 2,664 | 263,470 | ||||||
Robert Half International, Inc. | 4,170 | 325,552 | ||||||
Science Applications International Corp. | 1,719 | 143,691 | ||||||
TransUnion | 1,297 | 116,730 | ||||||
Verisk Analytics, Inc. | 2,216 | 391,545 | ||||||
|
| |||||||
| Total Professional Services |
| 3,220,972 | ||||||
| Real Estate Management & Development – 0.0% |
| |||||||
Kennedy-Wilson Holdings, Inc. | 11,113 | 224,594 | ||||||
| Road & Rail – 1.0% |
| |||||||
CSX Corp. | 13,361 | 1,288,268 | ||||||
JB Hunt Transport Services, Inc. | 1,506 | 253,113 | ||||||
Kansas City Southern | 1,454 | 383,740 | ||||||
Knight-Swift Transportation Holdings, Inc. | 2,909 | 139,894 | ||||||
Landstar System, Inc. | 813 | 134,194 | ||||||
Norfolk Southern Corp. | 6,116 | 1,642,268 | ||||||
Old Dominion Freight Line, Inc. | 948 | 227,909 | ||||||
Ryder System, Inc. | 5,020 | 379,763 | ||||||
Union Pacific Corp. | 18,552 | 4,089,046 | ||||||
Werner Enterprises, Inc. | 2,400 | 113,208 | ||||||
|
| |||||||
| Total Road & Rail |
| 8,651,403 | ||||||
| Semiconductors & Semiconductor Equipment – 4.9% |
| |||||||
Analog Devices, Inc. | 9,602 | 1,489,078 | ||||||
Applied Materials, Inc. | 13,775 | 1,840,340 | ||||||
Broadcom, Inc. | 18,622 | 8,634,276 | ||||||
Entegris, Inc. | 1,411 | 157,750 | ||||||
Intel Corp. | 157,046 | 10,050,944 | ||||||
KLA Corp. | 4,800 | 1,585,920 | ||||||
Lam Research Corp. | 2,258 | 1,344,052 | ||||||
Microchip Technology, Inc. | 4,230 | 656,581 | ||||||
MKS Instruments, Inc. | 897 | 166,322 | ||||||
Monolithic Power Systems, Inc. | 542 | 191,440 | ||||||
NVIDIA Corp. | 1,209 | 645,521 | ||||||
QUALCOMM, Inc. | 43,487 | 5,765,941 | ||||||
Skyworks Solutions, Inc. | 3,440 | 631,171 | ||||||
Teradyne, Inc. | 1,603 | 195,053 | ||||||
Texas Instruments, Inc. | 50,720 | 9,585,573 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 42,939,962 | ||||||
| Software – 5.9% |
| |||||||
CDK Global, Inc. | 2,957 | 159,855 | ||||||
Citrix Systems, Inc. | 2,264 | 317,775 | ||||||
InterDigital, Inc. | 1,685 | 106,913 | ||||||
Intuit, Inc. | 2,533 | 970,291 | ||||||
Microsoft Corp. | 175,224 | 41,312,563 | ||||||
NortonLifeLock, Inc. | 24,870 | 528,736 | ||||||
Oracle Corp. | 107,844 | 7,567,414 | ||||||
SS&C Technologies Holdings, Inc. | 3,467 | 242,239 | ||||||
|
| |||||||
| Total Software |
| 51,205,786 | ||||||
| Specialty Retail – 3.1% |
| |||||||
Advance Auto Parts, Inc. | 916 | 168,077 | ||||||
Best Buy Co., Inc. | 12,718 | 1,460,154 | ||||||
Buckle, Inc. (The) | 4,085 | 160,459 | ||||||
Dick’s Sporting Goods, Inc. | 4,004 | 304,905 | ||||||
Foot Locker, Inc. | 3,113 | 175,106 | ||||||
Home Depot, Inc. (The) | 54,736 | 16,708,164 | ||||||
See Notes to Financial Statements.
| 96 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2021
| Investments | Shares | Value | ||||||
Lowe’s Cos., Inc. | 25,429 | $ | 4,836,087 | |||||
Penske Automotive Group, Inc. | 4,263 | 342,063 | ||||||
Rent-A-Center, Inc. | 5,225 | 301,273 | ||||||
TJX Cos., Inc. (The) | 27,135 | 1,794,980 | ||||||
Tractor Supply Co. | 3,344 | 592,156 | ||||||
Williams-Sonoma, Inc. | 3,742 | 670,566 | ||||||
|
| |||||||
| Total Specialty Retail |
| 27,513,990 | ||||||
| Technology Hardware, Storage & Peripherals – 3.9% |
| |||||||
Apple, Inc. | 250,689 | 30,621,661 | ||||||
HP, Inc. | 69,037 | 2,191,925 | ||||||
NetApp, Inc. | 11,126 | 808,527 | ||||||
Xerox Holdings Corp. | 14,667 | 355,968 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 33,978,081 | ||||||
| Textiles, Apparel & Luxury Goods – 0.4% |
| |||||||
Hanesbrands, Inc. | 25,017 | 492,085 | ||||||
Kontoor Brands, Inc. | 5,308 | 257,597 | ||||||
NIKE, Inc. Class B | 14,171 | 1,883,184 | ||||||
VF Corp. | 13,185 | 1,053,745 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 3,686,611 | ||||||
| Thrifts & Mortgage Finance – 0.3% |
| |||||||
Capitol Federal Financial, Inc. | 11,875 | 157,284 | ||||||
MGIC Investment Corp. | 13,227 | 183,194 | ||||||
New York Community Bancorp, Inc. | 49,905 | 629,801 | ||||||
Northwest Bancshares, Inc. | 14,742 | 213,022 | ||||||
PennyMac Financial Services, Inc. | 2,346 | 156,877 | ||||||
Provident Financial Services, Inc. | 8,520 | 189,826 | ||||||
Radian Group, Inc. | 9,309 | 216,434 | ||||||
TFS Financial Corp. | 29,099 | 592,747 | ||||||
TrustCo Bank Corp. | 12,464 | 91,860 | ||||||
Walker & Dunlop, Inc. | 1,750 | 179,795 | ||||||
Washington Federal, Inc. | 5,520 | 170,016 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 2,780,856 | ||||||
| Tobacco – 4.0% |
| |||||||
Altria Group, Inc. | 335,717 | 17,175,281 | ||||||
Philip Morris International, Inc. | 196,123 | 17,403,955 | ||||||
Universal Corp. | 3,128 | 184,521 | ||||||
Vector Group Ltd. | 25,740 | 359,073 | ||||||
|
| |||||||
| Total Tobacco |
| 35,122,830 | ||||||
| Trading Companies & Distributors – 0.4% |
| |||||||
Air Lease Corp. | 3,624 | 177,576 | ||||||
Applied Industrial Technologies, Inc. | 1,940 | 176,870 | ||||||
Boise Cascade Co. | 1,658 | 99,198 | ||||||
Fastenal Co. | 25,304 | 1,272,285 | ||||||
GATX Corp. | 1,622 | 150,424 | ||||||
MSC Industrial Direct Co., Inc. Class A | 2,889 | 260,559 | ||||||
Rush Enterprises, Inc. Class A | 1,869 | 93,132 | ||||||
W.W. Grainger, Inc. | 1,896 | 760,164 | ||||||
Watsco, Inc. | 2,511 | 654,743 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 3,644,951 | ||||||
| Water Utilities – 0.2% |
| |||||||
American States Water Co. | 2,008 | 151,845 | ||||||
American Water Works Co., Inc. | 5,563 | 834,005 | ||||||
California Water Service Group | 2,687 | 151,386 | ||||||
Essential Utilities, Inc. | 8,615 | 385,521 | ||||||
|
| |||||||
| Total Water Utilities |
| 1,522,757 | ||||||
| Wireless Telecommunication Services – 0.0% |
| |||||||
Telephone & Data Systems, Inc. | 7,866 | 180,603 | ||||||
| Total United States |
| 873,501,104 | ||||||
| Puerto Rico – 0.0% |
| |||||||
| IT Services – 0.0% |
| |||||||
EVERTEC, Inc. | 1,829 | 68,076 | ||||||
TOTAL COMMON STOCKS (Cost: $627,964,166) |
| 873,569,180 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1% |
| |||||||
| United States – 0.1% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $727,096) | 727,096 | 727,096 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $628,691,262) |
| 874,296,276 | ||||||
Other Assets less Liabilities – 0.1% |
| 1,234,233 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 875,530,509 | |||||
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,594,325 and the total market value of the collateral held by the Fund was $1,651,908. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $924,812. |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FAIR VALUATION SUMMARY | ||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 873,569,180 | $ | — | $ | — | $ | 873,569,180 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 727,096 | — | 727,096 | ||||||||||||
Total Investments in Securities | $ | 873,569,180 | $ | 727,096 | $ | — | $ | 874,296,276 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 97 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Trust
March 31, 2021
| WisdomTree U.S. Dividend ex-Financials Fund | WisdomTree U.S. ESG Fund | WisdomTree U.S. High Dividend Fund | WisdomTree U.S. LargeCap Dividend Fund | WisdomTree U.S. LargeCap Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 478,265,481 | $ | 65,653,770 | $ | 698,037,562 | $ | 2,012,834,143 | $ | 401,843,539 | ||||||||||
Investment in affiliates, at cost (Note 3) | 276,071 | — | — | 5,955,573 | 484,987 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 554,493,431 | 88,360,334 | 771,391,155 | 2,816,044,496 | 510,208,288 | |||||||||||||||
Investment in affiliates, at value (Note 3) | 356,086 | — | — | 6,267,390 | 628,636 | |||||||||||||||
Cash | 352,255 | 26,315 | 597,528 | 1,262,527 | 345,717 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 2,350,949 | 11,345 | 3,837,818 | — | — | |||||||||||||||
Dividends | 1,891,047 | 73,001 | 2,486,410 | 4,538,936 | 443,401 | |||||||||||||||
Securities lending income | 2,370 | 103 | 9,315 | 4,926 | 875 | |||||||||||||||
Total Assets | 559,446,138 | 88,471,098 | 778,322,226 | 2,828,118,275 | 511,626,917 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 1,421,211 | 75,660 | 208,513 | 3,987,988 | 796,784 | |||||||||||||||
Capital shares redeemed | 2,353,775 | — | 3,825,870 | — | — | |||||||||||||||
Advisory fees (Note 3) | 178,287 | 20,667 | 250,491 | 652,745 | 34,413 | |||||||||||||||
Service fees (Note 2) | 2,049 | 324 | 2,885 | 10,218 | 1,878 | |||||||||||||||
Total Liabilities | 3,955,322 | 96,651 | 4,287,759 | 4,650,951 | 833,075 | |||||||||||||||
NET ASSETS | $ | 555,490,816 | $ | 88,374,447 | $ | 774,034,467 | $ | 2,823,467,324 | $ | 510,793,842 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 572,436,924 | $ | 73,845,172 | $ | 802,815,456 | $ | 2,178,249,698 | $ | 425,073,202 | ||||||||||
Total distributable earnings (loss) | (16,946,108 | ) | 14,529,275 | (28,780,989 | ) | 645,217,626 | 85,720,640 | |||||||||||||
NET ASSETS | $ | 555,490,816 | $ | 88,374,447 | $ | 774,034,467 | $ | 2,823,467,324 | $ | 510,793,842 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 5,900,000 | 2,025,000 | 10,150,000 | 24,650,000 | 11,800,000 | |||||||||||||||
Net asset value per share | $ | 94.15 | $ | 43.64 | $ | 76.26 | $ | 114.54 | $ | 43.29 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 6,109,510 | $ | 682,383 | $ | 6,753,014 | $ | 18,313,810 | $ | 1,049,692 | ||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||||||||||||||||||
See Notes to Financial Statements.
| 98 | WisdomTree Trust |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Trust
March 31, 2021
| WisdomTree U.S. MidCap Dividend Fund | WisdomTree U.S. MidCap Fund | WisdomTree U.S. Multifactor Fund | WisdomTree U.S. Quality Dividend Growth Fund | WisdomTree U.S. Quality Shareholder Yield Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 2,407,748,528 | $ | 572,880,320 | $ | 129,484,139 | $ | 4,435,280,207 | $ | 50,433,915 | ||||||||||
Investment in affiliates, at cost (Note 3) | 10,991,484 | 2,245,203 | — | — | — | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 2,897,144,043 | 709,224,705 | 148,932,242 | 5,567,249,442 | 59,059,494 | |||||||||||||||
Investment in affiliates, at value (Note 3) | 12,420,991 | 2,290,925 | — | — | — | |||||||||||||||
Cash | 1,496,357 | 138,643 | 252,476 | 2,488,259 | 18,767 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Capital shares sold | — | — | — | 14,285,982 | 1,129,140 | |||||||||||||||
Dividends | 4,768,339 | 676,159 | 114,139 | 8,202,312 | 66,449 | |||||||||||||||
Securities lending income | 35,994 | 4,097 | 152 | 4,073 | 322 | |||||||||||||||
Total Assets | 2,915,865,724 | 712,334,529 | 149,299,009 | 5,592,230,068 | 60,274,172 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Payables: |
| |||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 10,426,767 | 5,107,469 | 773,588 | — | 685,611 | |||||||||||||||
Investment securities purchased | — | — | — | 14,275,208 | 1,128,725 | |||||||||||||||
Advisory fees (Note 3) | 933,810 | 227,311 | 35,101 | 1,287,342 | 18,989 | |||||||||||||||
Service fees (Note 2) | 10,788 | 2,618 | 553 | 20,230 | 220 | |||||||||||||||
Total Liabilities | 11,371,365 | 5,337,398 | 809,242 | 15,582,780 | 1,833,545 | |||||||||||||||
NET ASSETS | $ | 2,904,494,359 | $ | 706,997,131 | $ | 148,489,767 | $ | 5,576,647,288 | $ | 58,440,627 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 2,772,638,627 | $ | 648,872,162 | $ | 149,139,159 | $ | 4,702,584,509 | $ | 54,913,695 | ||||||||||
Total distributable earnings (loss) | 131,855,732 | 58,124,969 | (649,392 | ) | 874,062,779 | 3,526,932 | ||||||||||||||
NET ASSETS | $ | 2,904,494,359 | $ | 706,997,131 | $ | 148,489,767 | $ | 5,576,647,288 | $ | 58,440,627 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 71,900,000 | 13,900,000 | 3,925,000 | 97,600,000 | 520,000 | |||||||||||||||
Net asset value per share | $ | 40.40 | $ | 50.86 | $ | 37.83 | $ | 57.14 | $ | 112.39 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 38,109,127 | $ | 27,459,966 | $ | 2,032,196 | $ | 43,958,536 | $ | 1,038,068 | ||||||||||
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 | 99 |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree Trust
March 31, 2021
| WisdomTree U.S. SmallCap Dividend Fund | WisdomTree U.S. SmallCap Fund | WisdomTree U.S. SmallCap Quality Dividend Growth Fund | WisdomTree U.S. Total Dividend Fund | |||||||||||||
ASSETS: |
| |||||||||||||||
Investments, at cost | $ | 1,578,686,661 | $ | 502,216,500 | $ | 156,422,442 | $ | 628,691,262 | ||||||||
Investment in affiliates, at cost (Note 3) | 7,598 | 1,017,831 | — | — | ||||||||||||
Investments in securities, at value1,2 (Note 2) | 1,867,326,174 | 614,318,233 | 188,444,926 | 874,296,276 | ||||||||||||
Investment in affiliates, at value (Note 3) | 13,217 | 1,167,519 | — | — | ||||||||||||
Cash | 2,370,928 | 462,341 | 81,183 | 685,946 | ||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | — | 177,189 | — | — | ||||||||||||
Capital shares sold | — | 14,160,192 | — | — | ||||||||||||
Dividends | 2,974,948 | 410,556 | 227,450 | 1,481,324 | ||||||||||||
Securities lending income | 16,355 | 4,893 | 355 | 862 | ||||||||||||
Total Assets | 1,872,701,622 | 630,700,923 | 188,753,914 | 876,464,408 | ||||||||||||
LIABILITIES: |
| |||||||||||||||
Payables: | ||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 42,279,171 | 6,996,113 | 961,056 | 727,096 | ||||||||||||
Investment securities purchased | — | 14,186,408 | — | — | ||||||||||||
Advisory fees (Note 3) | 592,719 | 189,021 | 59,581 | 203,603 | ||||||||||||
Service fees (Note 2) | 6,858 | 2,185 | 689 | 3,200 | ||||||||||||
Total Liabilities | 42,878,748 | 21,373,727 | 1,021,326 | 933,899 | ||||||||||||
NET ASSETS | $ | 1,829,822,874 | $ | 609,327,196 | $ | 187,732,588 | $ | 875,530,509 | ||||||||
NET ASSETS: |
| |||||||||||||||
Paid-in capital | $ | 1,879,951,634 | $ | 566,589,236 | $ | 174,733,175 | $ | 701,317,467 | ||||||||
Total distributable earnings (loss) | (50,128,760 | ) | 42,737,960 | 12,999,413 | 174,213,042 | |||||||||||
NET ASSETS | $ | 1,829,822,874 | $ | 609,327,196 | $ | 187,732,588 | $ | 875,530,509 | ||||||||
Outstanding beneficial interest shares of $0.001 par value | 58,850,000 | 12,900,000 | 4,085,000 | 7,750,000 | ||||||||||||
Net asset value per share | $ | 31.09 | $ | 47.23 | $ | 45.96 | $ | 112.97 | ||||||||
1 Includes market value of securities out on loan of: | $ | 82,797,403 | $ | 22,872,745 | $ | 1,400,112 | $ | 1,594,325 | ||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||||||||||||||
See Notes to Financial Statements.
| 100 | WisdomTree Trust |
Table of Contents
WisdomTree Trust
For the Year Ended March 31, 2021
| WisdomTree U.S. Dividend ex-Financials Fund | WisdomTree U.S. ESG Fund | WisdomTree U.S. High Dividend Fund | WisdomTree U.S. LargeCap Dividend Fund | WisdomTree U.S. LargeCap Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 20,022,738 | $ | 1,276,819 | $ | 32,765,457 | $ | 71,397,643 | $ | 8,670,894 | ||||||||||
Dividends from affiliates (Note 3) | 41,390 | — | 67,353 | 126,618 | 68,601 | |||||||||||||||
Non-cash dividends | — | — | 283,455 | — | 9,423 | |||||||||||||||
Securities lending income, net (Note 2) | 57,543 | 2,115 | 85,443 | 55,748 | 23,512 | |||||||||||||||
Total investment income | 20,121,671 | 1,278,934 | 33,201,708 | 71,580,009 | 8,772,430 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 2,018,359 | 227,695 | 2,796,186 | 6,647,650 | 336,942 | |||||||||||||||
Service fees (Note 2) | 23,371 | 3,578 | 32,377 | 104,462 | 18,531 | |||||||||||||||
Total expenses | 2,041,730 | 231,273 | 2,828,563 | 6,752,112 | 355,473 | |||||||||||||||
Expense waivers (Note 3) | (1,910 | ) | — | (2,719 | ) | (3,713 | ) | — | ||||||||||||
Net expenses | 2,039,820 | 231,273 | 2,825,844 | 6,748,399 | 355,473 | |||||||||||||||
Net investment income | 18,081,851 | 1,047,661 | 30,375,864 | 64,831,610 | 8,416,957 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | (36,392,857 | ) | 1,814,606 | (34,333,265 | ) | (75,908,745 | ) | (13,550,642 | ) | |||||||||||
Investment transactions in affiliates (Note 3) | 4,234 | — | 829,765 | (823,412 | ) | 173,139 | ||||||||||||||
In-kind redemptions | 5,462,547 | 12,084,434 | 15,173,729 | 42,744,679 | 26,330,953 | |||||||||||||||
Net realized gain (loss) | (30,926,076 | ) | 13,899,040 | (18,329,771 | ) | (33,987,478 | ) | 12,953,450 | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | 229,437,756 | 23,008,203 | 239,419,921 | 827,421,095 | 162,401,870 | |||||||||||||||
Investment transactions in affiliates (Note 3) | 440,129 | — | (357,139 | ) | 1,908,803 | 192,735 | ||||||||||||||
Net increase in unrealized appreciation/depreciation | 229,877,885 | 23,008,203 | 239,062,782 | 829,329,898 | 162,594,605 | |||||||||||||||
Net realized and unrealized gain on investments | 198,951,809 | 36,907,243 | 220,733,011 | 795,342,420 | 175,548,055 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 217,033,660 | $ | 37,954,904 | $ | 251,108,875 | $ | 860,174,030 | $ | 183,965,012 | ||||||||||
1 Net of foreign withholding tax of: | — | — | $ | 688 | — | — | ||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 101 |
Table of Contents
Statements of Operations (continued)
WisdomTree Trust
For the Year Ended March 31, 2021
| WisdomTree U.S. MidCap Dividend Fund | WisdomTree U.S. MidCap Fund | WisdomTree U.S. Multifactor Fund | WisdomTree U.S. Quality Dividend Growth Fund | WisdomTree U.S. Quality Shareholder Yield Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 74,241,203 | $ | 10,546,480 | $ | 2,100,850 | $ | 103,794,460 | $ | 1,262,909 | ||||||||||
Dividends from affiliates (Note 3) | 308,467 | 54,075 | — | — | — | |||||||||||||||
Non-cash dividends | 1,564,995 | 310,729 | 3,339 | — | — | |||||||||||||||
Securities lending income, net (Note 2) | 805,556 | 187,262 | 13,611 | 50,712 | 1,869 | |||||||||||||||
Total investment income | 76,920,221 | 11,098,546 | 2,117,800 | 103,845,172 | 1,264,778 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 9,959,709 | 2,245,985 | 396,872 | 11,964,520 | 224,338 | |||||||||||||||
Service fees (Note 2) | 115,322 | 26,006 | 6,237 | 188,015 | 2,598 | |||||||||||||||
Total expenses | 10,075,031 | 2,271,991 | 403,109 | 12,152,535 | 226,936 | |||||||||||||||
Expense waivers (Note 3) | (17,715 | ) | (2,235 | ) | — | — | — | |||||||||||||
Net expenses | 10,057,316 | 2,269,756 | 403,109 | 12,152,535 | 226,936 | |||||||||||||||
Net investment income | 66,862,905 | 8,828,790 | 1,714,691 | 91,692,637 | 1,037,842 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions | (109,034,557 | ) | 28,680,801 | 5,791,653 | (106,786,038 | ) | (2,414,987 | ) | ||||||||||||
Investment transactions in affiliates (Note 3) | 1,232,890 | 144,982 | — | — | — | |||||||||||||||
In-kind redemptions | 110,437,738 | (12,735,552 | ) | 14,102,596 | 382,260,177 | 10,643,062 | ||||||||||||||
Futures contracts | — | — | 48,189 | — | — | |||||||||||||||
Net realized gain | 2,636,071 | 16,090,231 | 19,942,438 | 275,474,139 | 8,228,075 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | 1,340,105,328 | 369,818,910 | 41,578,768 | 1,242,219,741 | 24,326,602 | |||||||||||||||
Investment transactions in affiliates (Note 3) | 1,544,607 | 334,924 | — | — | — | |||||||||||||||
Net increase in unrealized appreciation/depreciation | 1,341,649,935 | 370,153,834 | 41,578,768 | 1,242,219,741 | 24,326,602 | |||||||||||||||
Net realized and unrealized gain on investments | 1,344,286,006 | 386,244,065 | 61,521,206 | 1,517,693,880 | 32,554,677 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 1,411,148,911 | $ | 395,072,855 | $ | 63,235,897 | $ | 1,609,386,517 | $ | 33,592,519 | ||||||||||
1 Net of foreign withholding tax of: | $ | 21,619 | — | — | — | — | ||||||||||||||
See Notes to Financial Statements.
| 102 | WisdomTree Trust |
Table of Contents
Statements of Operations (concluded)
WisdomTree Trust
For the Year Ended March 31, 2021
| WisdomTree U.S. SmallCap Dividend Fund | WisdomTree U.S. SmallCap Fund | WisdomTree U.S. SmallCap Quality Dividend Growth Fund | WisdomTree U.S. Total Dividend Fund | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Dividends1 | $ | 44,808,684 | $ | 6,864,042 | $ | 3,526,017 | $ | 22,697,220 | ||||||||
Dividends from affiliates (Note 3) | 102,535 | 24,127 | — | — | ||||||||||||
Non-cash dividends | 62,423 | 87,726 | — | 76,166 | ||||||||||||
Securities lending income, net (Note 2) | 1,610,010 | 609,902 | 19,557 | 46,089 | ||||||||||||
Total investment income | 46,583,652 | 7,585,797 | 3,545,574 | 22,819,475 | ||||||||||||
EXPENSES: |
| |||||||||||||||
Advisory fees (Note 3) | 5,600,951 | 1,684,261 | 441,194 | 2,117,431 | ||||||||||||
Service fees (Note 2) | 64,851 | 19,503 | 5,109 | 33,274 | ||||||||||||
Total expenses | 5,665,802 | 1,703,764 | 446,303 | 2,150,705 | ||||||||||||
Expense waivers (Note 3) | (10,247 | ) | (1,573 | ) | — | — | ||||||||||
Net expenses | 5,655,555 | 1,702,191 | 446,303 | 2,150,705 | ||||||||||||
Net investment income | 40,928,097 | 5,883,606 | 3,099,271 | 20,668,770 | ||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||
Investment transactions | (104,090,144 | ) | (8,978,076 | ) | 248,825 | (40,254,518 | ) | |||||||||
Investment transactions in affiliates (Note 3) | 2,556,443 | 218,684 | — | — | ||||||||||||
In-kind redemptions | 37,520,414 | (34,508,214 | ) | 8,147,928 | 27,997,256 | |||||||||||
Net realized gain (loss) | (64,013,287 | ) | (43,267,606 | ) | 8,396,753 | (12,257,262 | ) | |||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||
Investment transactions | 862,945,659 | 373,212,161 | 60,716,996 | 281,999,291 | ||||||||||||
Investment transactions in affiliates (Note 3) | (76,103 | ) | 215,742 | — | — | |||||||||||
Net increase in unrealized appreciation/depreciation | 862,869,556 | 373,427,903 | 60,716,996 | 281,999,291 | ||||||||||||
Net realized and unrealized gain on investments | 798,856,269 | 330,160,297 | 69,113,749 | 269,742,029 | ||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 839,784,366 | $ | 336,043,903 | $ | 72,213,020 | $ | 290,410,799 | ||||||||
1 Net of foreign withholding tax of: | $ | 13,444 | $ | 2,552 | $ | 1,968 | $ | 696 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 103 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Trust
WisdomTree U.S. Dividend ex-Financials Fund | WisdomTree U.S. ESG Fund | WisdomTree U.S. High Dividend Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 18,081,851 | $ | 28,148,767 | $ | 1,047,661 | $ | 1,788,211 | $ | 30,375,864 | $ | 33,858,667 | ||||||||||||
Net realized gain (loss) on investments | (30,926,076 | ) | 35,974,811 | 13,899,040 | 4,294,629 | (18,329,771 | ) | 9,159,900 | ||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 229,877,885 | (213,635,112 | ) | 23,008,203 | (17,129,564 | ) | 239,062,782 | (206,259,892 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 217,033,660 | (149,511,534 | ) | 37,954,904 | (11,046,724 | ) | 251,108,875 | (163,241,325 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (17,898,781 | ) | (28,605,928 | ) | (1,018,751 | ) | (2,196,268 | ) | (32,948,834 | ) | (35,182,638 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 3,076,020 | 140,488,671 | 17,089,290 | 5,285,033 | 16,615,726 | 164,506,928 | ||||||||||||||||||
Cost of shares redeemed | (189,730,575 | ) | (210,429,585 | ) | (38,475,090 | ) | (32,243,023 | ) | (139,676,472 | ) | (240,423,491 | ) | ||||||||||||
Net decrease in net assets resulting from capital share transactions | (186,654,555 | ) | (69,940,914 | ) | (21,385,800 | ) | (26,957,990 | ) | (123,060,746 | ) | (75,916,563 | ) | ||||||||||||
Net Increase (Decrease) in Net Assets | 12,480,324 | (248,058,376 | ) | 15,550,353 | (40,200,982 | ) | 95,099,295 | (274,340,526 | ) | |||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 543,010,492 | $ | 791,068,868 | $ | 72,824,094 | $ | 113,025,076 | $ | 678,935,172 | $ | 953,275,698 | ||||||||||||
End of year | $ | 555,490,816 | $ | 543,010,492 | $ | 88,374,447 | $ | 72,824,094 | $ | 774,034,467 | $ | 678,935,172 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 8,400,000 | 9,250,000 | 2,650,000 | 3,500,000 | 12,000,000 | 13,150,000 | ||||||||||||||||||
Shares created | 50,000 | 1,550,000 | 450,000 | 150,000 | 250,000 | 2,150,000 | ||||||||||||||||||
Shares redeemed | (2,550,000 | ) | (2,400,000 | ) | (1,075,000 | ) | (1,000,000 | ) | (2,100,000 | ) | (3,300,000 | ) | ||||||||||||
Shares outstanding, end of year | 5,900,000 | 8,400,000 | 2,025,000 | 2,650,000 | 10,150,000 | 12,000,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 104 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree U.S. LargeCap Dividend Fund | WisdomTree U.S. LargeCap Fund | WisdomTree U.S. MidCap Dividend Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 64,831,610 | $ | 60,302,320 | $ | 8,416,957 | $ | 6,910,297 | $ | 66,862,905 | $ | 109,562,824 | ||||||||||||
Net realized gain (loss) on investments | (33,987,478 | ) | 59,879,050 | 12,953,450 | 29,688,132 | 2,636,071 | (32,059,059 | ) | ||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 829,329,898 | (376,411,379 | ) | 162,594,605 | (87,732,243 | ) | 1,341,649,935 | (1,238,574,803 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 860,174,030 | (256,230,009 | ) | 183,965,012 | (51,133,814 | ) | 1,411,148,911 | (1,161,071,038 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (64,521,145 | ) | (60,470,137 | ) | (8,454,532 | ) | (6,827,555 | ) | (69,319,287 | ) | (110,075,200 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 299,263,631 | 419,731,501 | 67,242,141 | 259,529,873 | 55,709,893 | 582,755,620 | ||||||||||||||||||
Cost of shares redeemed | (121,142,441 | ) | (288,303,455 | ) | (73,381,483 | ) | (99,996,954 | ) | (978,306,188 | ) | (560,031,039 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 178,121,190 | 131,428,046 | (6,139,342 | ) | 159,532,919 | (922,596,295 | ) | 22,724,581 | ||||||||||||||||
Net Increase (Decrease) in Net Assets | 973,774,075 | (185,272,100 | ) | 169,371,138 | 101,571,550 | 419,233,329 | (1,248,421,657 | ) | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 1,849,693,249 | $ | 2,034,965,349 | $ | 341,422,704 | $ | 239,851,154 | $ | 2,485,261,030 | $ | 3,733,682,687 | ||||||||||||
End of year | $ | 2,823,467,324 | $ | 1,849,693,249 | $ | 510,793,842 | $ | 341,422,704 | $ | 2,904,494,359 | $ | 2,485,261,030 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 22,850,000 | 21,600,000 | 12,150,000 | 7,550,000 | 102,750,000 | 104,400,000 | ||||||||||||||||||
Shares created | 3,050,000 | 4,300,000 | 1,700,000 | 7,500,000 | 1,700,000 | 15,700,000 | ||||||||||||||||||
Shares redeemed | (1,250,000 | ) | (3,050,000 | ) | (2,050,000 | ) | (2,900,000 | ) | (32,550,000 | ) | (17,350,000 | ) | ||||||||||||
Shares outstanding, end of year | 24,650,000 | 22,850,000 | 11,800,000 | 12,150,000 | 71,900,000 | 102,750,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 105 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree U.S. MidCap Fund | WisdomTree U.S. Multifactor Fund | WisdomTree U.S. Quality Dividend Growth Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 8,828,790 | $ | 17,235,514 | $ | 1,714,691 | $ | 2,792,959 | $ | 91,692,637 | $ | 71,154,299 | ||||||||||||
Net realized gain (loss) on investments and futures contracts | 16,090,231 | 56,075,613 | 19,942,438 | (8,946,398 | ) | 275,474,139 | 194,857,899 | |||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 370,153,834 | (379,219,891 | ) | 41,578,768 | (24,714,385 | ) | 1,242,219,741 | (512,627,235 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 395,072,855 | (305,908,764 | ) | 63,235,897 | (30,867,824 | ) | 1,609,386,517 | (246,615,037 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (8,770,455 | ) | (17,560,711 | ) | (1,705,277 | ) | (2,826,270 | ) | (90,898,526 | ) | (69,826,053 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 11,230,457 | 151,208,990 | 28,173,706 | 133,661,678 | 2,329,055,020 | 1,106,195,913 | ||||||||||||||||||
Cost of shares redeemed | (251,144,450 | ) | (365,442,227 | ) | (82,522,173 | ) | (73,140,625 | ) | (994,378,619 | ) | (846,633,303 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (239,913,993 | ) | (214,233,237 | ) | (54,348,467 | ) | 60,521,053 | 1,334,676,401 | 259,562,610 | |||||||||||||||
Net Increase (Decrease) in Net Assets | 146,388,407 | (537,702,712 | ) | 7,182,153 | 26,826,959 | 2,853,164,392 | (56,878,480 | ) | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 560,608,724 | $ | 1,098,311,436 | $ | 141,307,614 | $ | 114,480,655 | $ | 2,723,482,896 | $ | 2,780,361,376 | ||||||||||||
End of year | $ | 706,997,131 | $ | 560,608,724 | $ | 148,489,767 | $ | 141,307,614 | $ | 5,576,647,288 | $ | 2,723,482,896 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 21,200,000 | 27,950,000 | 5,750,000 | 3,950,000 | 70,100,000 | 64,600,000 | ||||||||||||||||||
Shares created | 250,000 | 3,750,000 | 825,000 | 4,350,000 | 46,600,000 | 23,950,000 | ||||||||||||||||||
Shares redeemed | (7,550,000 | ) | (10,500,000 | ) | (2,650,000 | ) | (2,550,000 | ) | (19,100,000 | ) | (18,450,000 | ) | ||||||||||||
Shares outstanding, end of year | 13,900,000 | 21,200,000 | 3,925,000 | 5,750,000 | 97,600,000 | 70,100,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 106 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree U.S. Quality Shareholder Yield Fund | WisdomTree U.S. SmallCap Dividend Fund | WisdomTree U.S. SmallCap Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 1,037,842 | $ | 797,964 | $ | 40,928,097 | $ | 60,124,022 | $ | 5,883,606 | $ | 10,909,118 | ||||||||||||
Net realized gain (loss) on investments | 8,228,075 | 5,302,676 | (64,013,287 | ) | (108,323,785 | ) | (43,267,606 | ) | 59,036,341 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 24,326,602 | (18,790,022 | ) | 862,869,556 | (602,805,324 | ) | 373,427,903 | (329,692,634 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 33,592,519 | (12,689,382 | ) | 839,784,366 | (651,005,087 | ) | 336,043,903 | (259,747,175 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (1,059,051 | ) | (764,994 | ) | (41,528,464 | ) | (63,284,313 | ) | (5,647,946 | ) | (11,592,685 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 23,568,030 | 60,365,127 | 44,957,078 | 97,117,312 | 74,445,010 | 185,877,974 | ||||||||||||||||||
Cost of shares redeemed | (59,455,621 | ) | (23,228,928 | ) | (330,309,232 | ) | (153,613,825 | ) | (215,189,958 | ) | (230,959,748 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (35,887,591 | ) | 37,136,199 | (285,352,154 | ) | (56,496,513 | ) | (140,744,948 | ) | (45,081,774 | ) | |||||||||||||
Net Increase (Decrease) in Net Assets | (3,354,123 | ) | 23,681,823 | 512,903,748 | (770,785,913 | ) | 189,651,009 | (316,421,634 | ) | |||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 61,794,750 | $ | 38,112,927 | $ | 1,316,919,126 | $ | 2,087,705,039 | $ | 419,676,187 | $ | 736,097,821 | ||||||||||||
End of year | $ | 58,440,627 | $ | 61,794,750 | $ | 1,829,822,874 | $ | 1,316,919,126 | $ | 609,327,196 | $ | 419,676,187 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 950,000 | 450,000 | 72,700,000 | 75,800,000 | 18,750,000 | 20,400,000 | ||||||||||||||||||
Shares created | 240,000 | 750,000 | 1,800,000 | 3,550,000 | 1,700,000 | 5,000,000 | ||||||||||||||||||
Shares redeemed | (670,000 | ) | (250,000 | ) | (15,650,000 | ) | (6,650,000 | ) | (7,550,000 | ) | (6,650,000 | ) | ||||||||||||
Shares outstanding, end of year | 520,000 | 950,000 | 58,850,000 | 72,700,000 | 12,900,000 | 18,750,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 107 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Trust
WisdomTree U.S. SmallCap Quality | WisdomTree U.S. Total Dividend Fund | |||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||
Net investment income | $ | 3,099,271 | $ | 2,727,754 | $ | 20,668,770 | $ | 20,537,083 | ||||||||
Net realized gain (loss) on investments | 8,396,753 | 3,039,635 | (12,257,262 | ) | 32,580,969 | |||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 60,716,996 | (37,054,338 | ) | 281,999,291 | (174,550,644 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 72,213,020 | (31,286,949 | ) | 290,410,799 | (121,432,592 | ) | ||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||
Distributable earnings | (3,076,752 | ) | (2,702,894 | ) | (20,745,554 | ) | (20,435,251 | ) | ||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||
Net proceeds from sale of shares | 67,747,027 | 20,559,883 | 35,217,669 | 244,794,844 | ||||||||||||
Cost of shares redeemed | (22,953,191 | ) | (32,466,875 | ) | (64,308,529 | ) | (116,073,986 | ) | ||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 44,793,836 | (11,906,992 | ) | (29,090,860 | ) | 128,720,858 | ||||||||||
Net Increase (Decrease) in Net Assets | 113,930,104 | (45,896,835 | ) | 240,574,385 | (13,146,985 | ) | ||||||||||
NET ASSETS: |
| |||||||||||||||
Beginning of year | $ | 73,802,484 | $ | 119,699,319 | $ | 634,956,124 | $ | 648,103,109 | ||||||||
End of year | $ | 187,732,588 | $ | 73,802,484 | $ | 875,530,509 | $ | 634,956,124 | ||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||
Shares outstanding, beginning of year | 2,950,000 | 3,450,000 | 8,100,000 | 6,850,000 | ||||||||||||
Shares created | 1,755,000 | 550,000 | 350,000 | 2,400,000 | ||||||||||||
Shares redeemed | (620,000 | ) | (1,050,000 | ) | (700,000 | ) | (1,150,000 | ) | ||||||||
Shares outstanding, end of year | 4,085,000 | 2,950,000 | 7,750,000 | 8,100,000 | ||||||||||||
See Notes to Financial Statements.
| 108 | WisdomTree Trust |
Table of Contents
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree U.S. Dividend ex-Financials Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 64.64 | $ | 85.52 | $ | 84.43 | $ | 82.50 | $ | 75.41 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.67 | 3.11 | 3.06 | 2.73 | 2.52 | |||||||||||||||
Net realized and unrealized gain (loss) | 29.49 | (20.83 | ) | 1.05 | 1.96 | 7.31 | ||||||||||||||
Total from investment operations | 32.16 | (17.72 | ) | 4.11 | 4.69 | �� | 9.83 | |||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (2.65 | ) | (3.16 | ) | (2.96 | ) | (2.76 | ) | (2.69 | ) | ||||||||||
Capital gains | — | — | (0.06 | ) | — | — | ||||||||||||||
Tax return of capital | — | — | — | — | (0.05 | ) | ||||||||||||||
Total dividends and distributions to shareholders | (2.65 | ) | (3.16 | ) | (3.02 | ) | (2.76 | ) | (2.74 | ) | ||||||||||
Net asset value, end of year | $ | 94.15 | $ | 64.64 | $ | 85.52 | $ | 84.43 | $ | 82.50 | ||||||||||
TOTAL RETURN2 | 50.69 | % | (21.49 | )% | 4.99 | % | 5.71 | % | 13.27 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 555,491 | $ | 543,010 | $ | 791,069 | $ | 810,510 | $ | 903,352 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses4 | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||
Net investment income | 3.40 | % | 3.61 | % | 3.57 | % | 3.22 | % | 3.21 | % | ||||||||||
Portfolio turnover rate5 | 47 | % | 46 | % | 32 | % | 34 | % | 33 | % | ||||||||||
| WisdomTree U.S. ESG Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 20206 | For the Year Ended March 31, 20196 | For the Year Ended March 31, 20186,7 | For the Year Ended March 31, 20176,7 | |||||||||||||||
Net asset value, beginning of year | $ | 27.48 | $ | 32.29 | $ | 31.09 | $ | 27.89 | $ | 23.83 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.47 | 0.64 | 0.60 | 0.53 | 0.48 | |||||||||||||||
Net realized and unrealized gain (loss) | 16.16 | (4.62 | ) | 1.29 | 3.17 | 4.10 | ||||||||||||||
Total from investment operations | 16.63 | (3.98 | ) | 1.89 | 3.70 | 4.58 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.47 | ) | (0.83 | ) | (0.69 | ) | (0.50 | ) | (0.51 | ) | ||||||||||
Tax return of capital | — | — | — | — | (0.01 | ) | ||||||||||||||
Total dividends and distributions to shareholders | (0.47 | ) | (0.83 | ) | (0.69 | ) | (0.50 | ) | (0.52 | ) | ||||||||||
Net asset value, end of year | $ | 43.64 | $ | 27.48 | $ | 32.29 | $ | 31.09 | $ | 27.89 | ||||||||||
TOTAL RETURN2 | 60.80 | % | (12.73 | )% | 6.34 | % | 13.31 | % | 19.39 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 88,374 | $ | 72,824 | $ | 113,025 | $ | 69,946 | $ | 62,755 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % | ||||||||||
Net investment income | 1.29 | % | 1.90 | % | 1.89 | % | 1.75 | % | 1.87 | % | ||||||||||
Portfolio turnover rate5 | 78 | % | 56 | % | 22 | % | 22 | % | 19 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. Dividend ex-Financials Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 5 | Portfolio turnover rate 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 information reflects the investment objective and strategy of the WisdomTree U.S. Total Market Fund through March 16, 2020 and the investment objective and strategy of the WisdomTree U.S. ESG Fund thereafter. |
| 7 | Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
See Notes to Financial Statements.
| WisdomTree Trust | 109 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree U.S. High Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 56.58 | $ | 72.49 | $ | 68.11 | $ | 68.48 | $ | 63.29 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.71 | 2.65 | 2.49 | 2.21 | 2.10 | |||||||||||||||
Net realized and unrealized gain (loss) | 19.94 | (15.81 | ) | 4.28 | (0.34 | ) | 5.39 | |||||||||||||
Total from investment operations | 22.65 | (13.16 | ) | 6.77 | 1.87 | 7.49 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (2.97 | ) | (2.75 | ) | (2.39 | ) | (2.24 | ) | (2.30 | ) | ||||||||||
Net asset value, end of year | $ | 76.26 | $ | 56.58 | $ | 72.49 | $ | 68.11 | $ | 68.48 | ||||||||||
TOTAL RETURN2 | 40.97 | % | (18.99 | )% | 10.15 | % | 2.69 | % | 12.02 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 774,034 | $ | 678,935 | $ | 953,276 | $ | 1,035,295 | $ | 1,263,368 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses4 | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %5 | 0.38 | %5 | ||||||||||
Net investment income | 4.13 | % | 3.63 | % | 3.55 | % | 3.17 | % | 3.17 | % | ||||||||||
Portfolio turnover rate6 | 43 | % | 39 | % | 20 | % | 17 | % | 23 | % | ||||||||||
| WisdomTree U.S. LargeCap Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 80.95 | $ | 94.21 | $ | 88.49 | $ | 82.92 | $ | 73.42 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.72 | 2.72 | 2.54 | 2.22 | 2.04 | |||||||||||||||
Net realized and unrealized gain (loss) | 33.57 | (13.27 | ) | 5.66 | 5.57 | 9.63 | ||||||||||||||
Total from investment operations | 36.29 | (10.55 | ) | 8.20 | 7.79 | 11.67 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (2.70 | ) | (2.71 | ) | (2.48 | ) | (2.22 | ) | (2.17 | ) | ||||||||||
Net asset value, end of year | $ | 114.54 | $ | 80.95 | $ | 94.21 | $ | 88.49 | $ | 82.92 | ||||||||||
TOTAL RETURN2 | 45.40 | % | (11.62 | )% | 9.44 | % | 9.44 | % | 16.13 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 2,823,467 | $ | 1,849,693 | $ | 2,034,965 | $ | 1,933,552 | $ | 1,940,332 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses4 | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % | ||||||||||
Net investment income | 2.73 | % | 2.76 | % | 2.79 | % | 2.54 | % | 2.63 | % | ||||||||||
Portfolio turnover rate6 | 20 | % | 13 | % | 11 | % | 10 | % | 11 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 5 | Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged. |
| 6 | Portfolio turnover rate 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.
| 110 | WisdomTree Trust |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree U.S. LargeCap Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 20181 | For the Year Ended March 31, 20171 | |||||||||||||||
Net asset value, beginning of year | $ | 28.10 | $ | 31.77 | $ | 30.30 | $ | 27.14 | $ | 23.22 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.73 | 0.73 | 0.60 | 0.53 | 0.48 | |||||||||||||||
Net realized and unrealized gain (loss) | 15.19 | (3.72 | ) | 1.46 | 3.11 | 3.95 | ||||||||||||||
Total from investment operations | 15.92 | (2.99 | ) | 2.06 | 3.64 | 4.43 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.73 | ) | (0.68 | ) | (0.59 | ) | (0.48 | ) | (0.51 | ) | ||||||||||
Net asset value, end of year | $ | 43.29 | $ | 28.10 | $ | 31.77 | $ | 30.30 | $ | 27.14 | ||||||||||
TOTAL RETURN3 | 57.11 | % | (9.65 | )% | 6.93 | % | 13.49 | % | 19.31 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 510,794 | $ | 341,423 | $ | 239,851 | $ | 184,813 | $ | 130,254 | ||||||||||
Ratios to average net assets4 of: |
| |||||||||||||||||||
Expenses | 0.08 | % | 0.08 | %5 | 0.28 | %5 | 0.28 | %5 | 0.28 | % | ||||||||||
Net investment income | 2.00 | % | 2.16 | % | 1.94 | % | 1.80 | % | 1.94 | % | ||||||||||
Portfolio turnover rate6 | 21 | % | 22 | % | 14 | % | 17 | % | 19 | % | ||||||||||
| WisdomTree U.S. MidCap Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 20181 | For the Year Ended March 31, 20171 | |||||||||||||||
Net asset value, beginning of year | $ | 24.19 | $ | 35.76 | $ | 34.11 | $ | 32.50 | $ | 28.69 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.80 | 1.01 | 0.82 | 0.76 | 0.78 | |||||||||||||||
Net realized and unrealized gain (loss) | 16.24 | (11.56 | ) | 1.61 | 1.59 | 3.89 | ||||||||||||||
Total from investment operations | 17.04 | (10.55 | ) | 2.43 | 2.35 | 4.67 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.83 | ) | (1.02 | ) | (0.78 | ) | (0.74 | ) | (0.86 | ) | ||||||||||
Net asset value, end of year | $ | 40.40 | $ | 24.19 | $ | 35.76 | $ | 34.11 | $ | 32.50 | ||||||||||
TOTAL RETURN3 | 71.52 | % | (30.28 | )% | 7.21 | % | 7.30 | % | 16.52 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 2,904,494 | $ | 2,485,261 | $ | 3,733,683 | $ | 3,064,477 | $ | 2,822,559 | ||||||||||
Ratios to average net assets4 of: |
| |||||||||||||||||||
Expenses5 | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %7 | 0.38 | %7 | ||||||||||
Net investment income | 2.55 | % | 2.84 | % | 2.34 | % | 2.26 | % | 2.56 | % | ||||||||||
Portfolio turnover rate6 | 57 | % | 33 | % | 27 | % | 27 | % | 33 | % | ||||||||||
| 1 | Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
| 2 | Based on average shares outstanding. |
| 3 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 4 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 5 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 6 | Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
| 7 | Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged. |
See Notes to Financial Statements.
| WisdomTree Trust | 111 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree U.S. MidCap Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 20171 | |||||||||||||||
Net asset value, beginning of year | $ | 26.44 | $ | 39.30 | $ | 38.63 | $ | 35.25 | $ | 30.07 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.56 | 0.62 | 0.53 | 0.47 | 0.50 | |||||||||||||||
Net realized and unrealized gain (loss) | 24.45 | (12.83 | ) | 0.68 | 3.32 | 5.25 | ||||||||||||||
Total from investment operations | 25.01 | (12.21 | ) | 1.21 | 3.79 | 5.75 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.59 | ) | (0.65 | ) | (0.54 | ) | (0.41 | ) | (0.54 | ) | ||||||||||
Tax return of capital | — | — | — | — | (0.03 | ) | ||||||||||||||
Total dividends and distributions to shareholders | (0.59 | ) | (0.65 | ) | (0.54 | ) | (0.41 | ) | (0.57 | ) | ||||||||||
Net asset value, end of year | $ | 50.86 | $ | 26.44 | $ | 39.30 | $ | 38.63 | $ | 35.25 | ||||||||||
TOTAL RETURN3 | 95.30 | % | (31.45 | )% | 3.22 | % | 10.77 | %4 | 19.31 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 706,997 | $ | 560,609 | $ | 1,098,311 | $ | 1,035,164 | $ | 794,832 | ||||||||||
Ratios to average net assets5 of: |
| |||||||||||||||||||
Expenses6 | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||
Net investment income | 1.49 | % | 1.58 | % | 1.34 | % | 1.25 | % | 1.54 | % | ||||||||||
Portfolio turnover rate7 | 50 | % | 41 | % | 36 | % | 45 | % | 42 | % | ||||||||||
| WisdomTree U.S. Multifactor Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Period June 29, 2017* through March 31, 2018 | ||||||||||||||
Net asset value, beginning of period | $ | 24.58 | $ | 28.98 | $ | 27.91 | $ | 24.75 | ||||||||||
Investment operations: |
| |||||||||||||||||
Net investment income2 | 0.39 | 0.59 | 0.47 | 0.34 | ||||||||||||||
Net realized and unrealized gain (loss) | 13.26 | (4.43 | ) | 0.97 | 3.09 | |||||||||||||
Total from investment operations | 13.65 | (3.84 | ) | 1.44 | 3.43 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||
Net investment income | (0.40 | ) | (0.56 | ) | (0.37 | ) | (0.27 | ) | ||||||||||
Net asset value, end of period | $ | 37.83 | $ | 24.58 | $ | 28.98 | $ | 27.91 | ||||||||||
TOTAL RETURN3 | 55.76 | % | (13.43 | )% | 5.25 | % | 13.90 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 148,490 | $ | 141,308 | $ | 114,481 | $ | 5,582 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||
Expenses | 0.28 | % | 0.28 | %5,6 | 0.28 | %5,6 | 0.28 | %8 | ||||||||||
Net investment income | 1.21 | % | 1.94 | %5 | 1.65 | %5 | 1.66 | %8 | ||||||||||
Portfolio turnover rate7 | 147 | % | 145 | % | 179 | % | 143 | % | ||||||||||
| * | Commencement of operations. |
| 1 | Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017. |
| 2 | Based on average shares outstanding. |
| 3 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 4 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged. |
| 5 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 6 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 7 | Portfolio turnover rate is not annualized for fiscal 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. |
| 8 | Annualized. |
See Notes to Financial Statements.
| 112 | WisdomTree Trust |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree U.S. Quality Dividend Growth Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 38.85 | $ | 43.04 | $ | 40.32 | $ | 35.45 | $ | 31.25 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.07 | 1.09 | 0.97 | 0.78 | 0.73 | |||||||||||||||
Net realized and unrealized gain (loss) | 18.27 | (4.21 | ) | 2.71 | 4.84 | 4.20 | ||||||||||||||
Total from investment operations | 19.34 | (3.12 | ) | 3.68 | 5.62 | 4.93 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (1.05 | ) | (1.07 | ) | (0.93 | ) | (0.75 | ) | (0.73 | ) | ||||||||||
Capital gains | — | — | (0.03 | ) | — | — | ||||||||||||||
Total dividends and distributions to shareholders | (1.05 | ) | (1.07 | ) | (0.96 | ) | (0.75 | ) | (0.73 | ) | ||||||||||
Net asset value, end of year | $ | 57.14 | $ | 38.85 | $ | 43.04 | $ | 40.32 | $ | 35.45 | ||||||||||
TOTAL RETURN2 | 50.24 | % | (7.52 | )% | 9.25 | % | 15.95 | %3 | 15.99 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 5,576,647 | $ | 2,723,483 | $ | 2,780,361 | $ | 2,064,305 | $ | 1,290,417 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % | ||||||||||
Net investment income | 2.15 | % | 2.43 | % | 2.33 | % | 1.99 | % | 2.22 | % | ||||||||||
Portfolio turnover rate4 | 30 | % | 41 | % | 29 | % | 29 | % | 29 | % | ||||||||||
| WisdomTree U.S. Quality Shareholder Yield Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 20185 | For the Year Ended March 31, 20175 | |||||||||||||||
Net asset value, beginning of year | $ | 65.05 | $ | 84.70 | $ | 80.85 | $ | 70.26 | $ | 62.76 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.52 | 1.52 | 1.43 | 1.14 | 0.92 | |||||||||||||||
Net realized and unrealized gain (loss) | 47.58 | (19.75 | ) | 3.89 | 10.59 | 7.55 | ||||||||||||||
Total from investment operations | 49.10 | (18.23 | ) | 5.32 | 11.73 | 8.47 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.76 | ) | (1.42 | ) | (1.47 | ) | (1.14 | ) | (0.97 | ) | ||||||||||
Net asset value, end of year | $ | 112.39 | $ | 65.05 | $ | 84.70 | $ | 80.85 | $ | 70.26 | ||||||||||
TOTAL RETURN2 | 76.07 | % | (21.86 | )% | 6.70 | % | 16.77 | % | 13.61 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 58,441 | $ | 61,795 | $ | 38,113 | $ | 44,466 | $ | 59,718 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %6,7 | 0.38 | %6 | ||||||||||
Net investment income | 1.76 | % | 1.75 | % | 1.73 | % | 1.48 | %6 | 1.42 | %6 | ||||||||||
Portfolio turnover rate4 | 59 | % | 101 | % | 54 | % | 82 | % | 106 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. Quality Shareholder Yield 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 | Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
| 5 | The information reflects the investment objective and strategy of the WisdomTree U.S. LargeCap Value Fund through December 17, 2017 and the investment objective and strategy of the WisdomTree U.S. Quality Shareholder Yield Fund thereafter. |
| 6 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 7 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
See Notes to Financial Statements.
| WisdomTree Trust | 113 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree U.S. SmallCap Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 20181 | For the Year Ended March 31, 20171 | |||||||||||||||
Net asset value, beginning of year | $ | 18.11 | $ | 27.54 | $ | 27.43 | $ | 26.88 | $ | 22.91 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.66 | 0.79 | 0.82 | 0.81 | 0.70 | |||||||||||||||
Net realized and unrealized gain (loss) | 12.99 | (9.40 | ) | 0.08 | 0.53 | 4.09 | ||||||||||||||
Total from investment operations | 13.65 | (8.61 | ) | 0.90 | 1.34 | 4.79 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.67 | ) | (0.82 | ) | (0.79 | ) | (0.79 | ) | (0.82 | ) | ||||||||||
Net asset value, end of year | $ | 31.09 | $ | 18.11 | $ | 27.54 | $ | 27.43 | $ | 26.88 | ||||||||||
TOTAL RETURN3 | 76.76 | % | (32.22 | )% | 3.25 | % | 5.02 | %4 | 21.21 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,829,823 | $ | 1,316,919 | $ | 2,087,705 | $ | 1,965,277 | $ | 1,975,473 | ||||||||||
Ratios to average net assets5 of: |
| |||||||||||||||||||
Expenses6 | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||
Net investment income | 2.78 | % | 2.94 | % | 2.91 | % | 2.93 | % | 2.75 | % | ||||||||||
Portfolio turnover rate7 | 53 | % | 50 | % | 26 | % | 36 | % | 44 | % | ||||||||||
| WisdomTree U.S. SmallCap Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 20178 | |||||||||||||||
Net asset value, beginning of year | $ | 22.38 | $ | 36.08 | $ | 35.70 | $ | 32.16 | $ | 25.69 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.44 | 0.51 | 0.58 | 0.37 | 0.31 | |||||||||||||||
Net realized and unrealized gain (loss) | 24.85 | (13.66 | ) | 0.38 | 3.51 | 6.53 | ||||||||||||||
Total from investment operations | 25.29 | (13.15 | ) | 0.96 | 3.88 | 6.84 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.44 | ) | (0.55 | ) | (0.58 | ) | (0.34 | ) | (0.37 | ) | ||||||||||
Net asset value, end of year | $ | 47.23 | $ | 22.38 | $ | 36.08 | $ | 35.70 | $ | 32.16 | ||||||||||
TOTAL RETURN3 | 113.74 | % | (36.87 | )% | 2.72 | % | 12.09 | %4 | 26.75 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 609,327 | $ | 419,676 | $ | 736,098 | $ | 588,999 | $ | 490,370 | ||||||||||
Ratios to average net assets5 of: |
| |||||||||||||||||||
Expenses6 | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||
Net investment income | 1.33 | % | 1.45 | % | 1.56 | % | 1.08 | % | 1.06 | % | ||||||||||
Portfolio turnover rate7 | 56 | % | 55 | % | 45 | % | 48 | % | 51 | % | ||||||||||
| 1 | Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
| 2 | Based on average shares outstanding. |
| 3 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 4 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged. |
| 5 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 6 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 7 | Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
| 8 | Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017. |
See Notes to Financial Statements.
| 114 | WisdomTree Trust |
Table of Contents
Financial Highlights (concluded)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree U.S. SmallCap Quality Dividend Growth Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 25.02 | $ | 34.70 | $ | 34.26 | $ | 33.06 | $ | 28.17 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.94 | 0.80 | 0.88 | 0.76 | 0.74 | |||||||||||||||
Net realized and unrealized gain (loss) | 20.92 | (9.68 | ) | 0.41 | 1.21 | 4.87 | ||||||||||||||
Total from investment operations | 21.86 | (8.88 | ) | 1.29 | 1.97 | 5.61 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.92 | ) | (0.80 | ) | (0.85 | ) | (0.77 | ) | (0.72 | ) | ||||||||||
Net asset value, end of year | $ | 45.96 | $ | 25.02 | $ | 34.70 | $ | 34.26 | $ | 33.06 | ||||||||||
TOTAL RETURN2 | 88.65 | % | (26.22 | )% | 3.81 | % | 5.97 | % | 20.12 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 187,733 | $ | 73,802 | $ | 119,699 | $ | 101,060 | $ | 102,498 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | % | ||||||||||
Net investment income | 2.67 | % | 2.29 | % | 2.47 | % | 2.24 | % | 2.35 | % | ||||||||||
Portfolio turnover rate3 | 83 | % | 51 | % | 42 | % | 51 | % | 56 | % | ||||||||||
| WisdomTree U.S. Total Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 78.39 | $ | 94.61 | $ | 89.11 | $ | 84.04 | $ | 74.24 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.65 | 2.76 | 2.56 | 2.27 | 2.07 | |||||||||||||||
Net realized and unrealized gain (loss) | 34.59 | (16.24 | ) | 5.41 | 5.05 | 9.97 | ||||||||||||||
Total from investment operations | 37.24 | (13.48 | ) | 7.97 | 7.32 | 12.04 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (2.66 | ) | (2.74 | ) | (2.47 | ) | (2.25 | ) | (2.24 | ) | ||||||||||
Net asset value, end of year | $ | 112.97 | $ | 78.39 | $ | 94.61 | $ | 89.11 | $ | 84.04 | ||||||||||
TOTAL RETURN2 | 48.15 | % | (14.75 | )% | 9.10 | % | 8.76 | %4 | 16.47 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 875,531 | $ | 634,956 | $ | 648,103 | $ | 579,232 | $ | 571,504 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.28 | % | 0.28 | %5,6 | 0.28 | %5,6 | 0.28 | %5,6,7 | 0.28 | %5,6,7 | ||||||||||
Net investment income | 2.73 | % | 2.82 | %5 | 2.78 | %5 | 2.56 | %5 | 2.63 | %5 | ||||||||||
Portfolio turnover rate3 | 22 | % | 16 | % | 11 | % | 11 | % | 12 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. Total Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Portfolio turnover rate 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. |
| 4 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged. |
| 5 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 6 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 7 | Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged. |
See Notes to Financial Statements.
| WisdomTree Trust | 115 |
Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 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 U.S. Dividend ex-Financials Fund (“U.S. Dividend ex-Financials Fund’’) | June 16, 2006 | |||
WisdomTree U.S. ESG Fund (“U.S. ESG Fund’’) | February 23, 2007 | |||
WisdomTree U.S. High Dividend Fund (“U.S. High Dividend Fund’’) | June 16, 2006 | |||
WisdomTree U.S. LargeCap Dividend Fund (“U.S. LargeCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree U.S. LargeCap Fund (“U.S. LargeCap Fund’’) | February 23, 2007 | |||
WisdomTree U.S. MidCap Dividend Fund (“U.S. MidCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree U.S. MidCap Fund (“U.S. MidCap Fund’’) | February 23, 2007 | |||
WisdomTree U.S. Multifactor Fund (“U.S. Multifactor Fund’’) | June 29, 2017 | |||
WisdomTree U.S. Quality Dividend Growth Fund (“U.S. Quality Dividend Growth Fund’’) | May 22, 2013 | |||
WisdomTree U.S. Quality Shareholder Yield Fund (“U.S. Quality Shareholder Yield Fund’’) | February 23, 2007 | |||
WisdomTree U.S. SmallCap Dividend Fund (“U.S. SmallCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree U.S. SmallCap Fund (“U.S. SmallCap Fund’’) | February 23, 2007 | |||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (“U.S. SmallCap Quality Dividend Growth Fund’’) | July 25, 2013 | |||
WisdomTree U.S. Total Dividend Fund (“U.S. Total Dividend Fund’’) | June 16, 2006 | |||
Each Fund, except the U.S. ESG Fund and U.S. Quality Shareholder Yield Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). The U.S. ESG Fund is actively managed using a model-based approach seeking capital appreciation. The U.S. Quality Shareholder Yield Fund is actively managed using a model-based approach seeking income and capital appreciation. 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 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
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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 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.
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 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 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,
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prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.
Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore 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 ended March 31, 2021, there were no significant transfers into or out of Level 3 of the fair value hierarchy.
Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. All of the derivative instruments disclosed and described herein are subject to risk.
For the fiscal year ended March 31, 2021, the effects of derivative instruments on each applicable 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 | |||
U.S. Multifactor Fund |
| |||
Equity contracts | $ | 48,189 | ||
| 1 | Realized gains (losses) on derivatives are located on the Statements of Operations as follows: |
Equity contracts | Net realized gain (loss) from futures contracts |
During the fiscal year ended March 31, 2021, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each applicable Fund was as follows:
| Average Notional | ||||
| Fund | Futures contracts (long) | |||
U.S. Multifactor Fund | ||||
Equity contracts1 | $ | 414,201 | ||
| 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. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date. 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. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.
Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
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Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.
Acquired fund fees and expenses (“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.
Futures Contracts — The U.S. Multifactor Fund utilized equity futures contracts on a temporary basis during the fiscal period to obtain market exposure consistent with its investment objective. 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 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 March 31, 2021, there were no open futures contracts in the Funds.
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 securities issued or guaranteed by the U.S. government or its agencies, 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 (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend income earned on the securities loaned is accounted for in the same manner as other dividend income. The borrower pays to the Funds an amount equal to any dividends 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
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agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.
Master Netting Arrangements — Codification 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.
The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.
For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to the Lending Agreement or similar arrangements in the Statements of Assets and Liabilities. Therefore, all qualifying transactions, if any at March 31, 2021, are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2021, certain of the Funds had securities on loan and the value of the related collateral received by each of those Funds exceeded the value of the securities loaned by each of those Funds. The value of the securities loaned by each Fund is located in the Statements of Assets and Liabilities in “Investments in securities, at value” and also in the footnotes below the Schedules of Investments. In addition, a breakout of the total amount of cash and non-cash securities lending collateral received is located in the footnotes below the Schedules of Investments.
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). 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 to 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 is determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.
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3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.
WTAM expects to receive 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 | |||
U.S. Dividend ex-Financials Fund | 0.38 | % | ||
U.S. ESG Fund | 0.28 | % | ||
U.S. High Dividend Fund | 0.38 | % | ||
U.S. LargeCap Dividend Fund | 0.28 | % | ||
U.S. LargeCap Fund | 0.08 | % | ||
U.S. MidCap Dividend Fund | 0.38 | % | ||
U.S. MidCap Fund | 0.38 | % | ||
U.S. Multifactor Fund | 0.28 | % | ||
U.S. Quality Dividend Growth Fund | 0.28 | % | ||
U.S. Quality Shareholder Yield Fund | 0.38 | % | ||
U.S. SmallCap Dividend Fund | 0.38 | % | ||
U.S. SmallCap Fund | 0.38 | % | ||
U.S. SmallCap Quality Dividend Growth Fund | 0.38 | % | ||
U.S. Total Dividend Fund | 0.28 | % | ||
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 year ended March 31, 2021, as applicable, are included in an ‘‘Investment in Affiliates’’ supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of the advisory fees, that it would otherwise charge, in an amount equal to the indirect AFFE (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) attributable to each Fund’s investment in affiliated ETFs. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.
During the fiscal year ended March 31, 2021, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2021, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:
| Fund | Purchases | Sales | Net Realized Gain/(Loss) | |||||||||
U.S. Dividend ex-Financials Fund | $ | 33,917,555 | $ | 24,123,416 | $ | 791,152 | ||||||
U.S. High Dividend Fund | 47,672,928 | 42,116,970 | 3,591,630 | |||||||||
U.S. LargeCap Dividend Fund | 134,419,253 | 22,581,565 | (246,831 | ) | ||||||||
U.S. LargeCap Fund | 26,809,495 | 6,019,874 | (874,733 | ) | ||||||||
U.S. MidCap Dividend Fund | 370,311,228 | 131,760,150 | 3,666,341 | |||||||||
U.S. MidCap Fund | 83,950,276 | 79,081,960 | 5,889,677 | |||||||||
U.S. Quality Dividend Growth Fund | 79,697,957 | 150,418,970 | (1,359,117 | ) | ||||||||
U.S. Quality Shareholder Yield Fund | 9,319,865 | 9,586,289 | (297,867 | ) | ||||||||
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| Fund | Purchases | Sales | Net Realized Gain/(Loss) | |||||||||
U.S. SmallCap Dividend Fund | $ | 67,389,152 | $ | 334,688,221 | $ | 90,685,514 | ||||||
U.S. SmallCap Fund | 21,385,459 | 68,049,788 | 13,010,296 | |||||||||
U.S. SmallCap Quality Dividend Growth Fund | 12,352,251 | 41,379,346 | 6,433,226 | |||||||||
U.S. Total Dividend Fund | 36,594,675 | 13,936,783 | (172,963 | ) | ||||||||
WTAM and/or WisdomTree Investments (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2021, WT 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 WT | Market Value of Fund Shares held by WT | Dividends and Distributions paid to WT on Fund Shares held by WT | |||||||||
U.S. LargeCap Dividend Fund | — | $ | — | $ | 15 | |||||||
U.S. LargeCap Fund | 2,094 | 90,776 | 1,198 | |||||||||
U.S. MidCap Dividend Fund | 440 | 17,785 | 439 | |||||||||
U.S. MidCap Fund | 25 | 1,273 | — | |||||||||
U.S. Multifactor Fund | 1,225 | 46,379 | 411 | |||||||||
U.S. Quality Dividend Growth Fund | 773 | 44,208 | 541 | |||||||||
U.S. SmallCap Dividend Fund | — | — | 3 | |||||||||
U.S. SmallCap Fund | 58 | 2,748 | 11 | |||||||||
U.S. SmallCap Quality Dividend Growth Fund | 425 | 19,567 | 339 | |||||||||
U.S. Total Dividend Fund | 244 | 27,582 | 519 | |||||||||
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2021, 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 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 ended March 31, 2021 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
| In-kind Capital Share Transactions | ||||||||||||||||
| Fund | Purchases | Sales | Purchases | Sales | ||||||||||||
U.S. Dividend ex-Financials Fund | $ | 251,706,736 | $ | 248,822,904 | $ | 3,072,175 | $ | 189,226,497 | ||||||||
U.S. ESG Fund | 62,420,935 | 62,392,508 | 17,063,213 | 38,406,599 | ||||||||||||
U.S. High Dividend Fund | 313,840,128 | 314,576,835 | 16,581,458 | 139,307,224 | ||||||||||||
U.S. LargeCap Dividend Fund | 462,993,899 | 460,144,343 | 293,699,403 | 115,969,879 | ||||||||||||
U.S. LargeCap Fund | 88,322,331 | 86,387,735 | 64,760,000 | 73,114,521 | ||||||||||||
U.S. MidCap Dividend Fund | 1,487,453,359 | 1,475,347,596 | 49,229,420 | 969,729,563 | ||||||||||||
U.S. MidCap Fund | 293,777,840 | 291,675,677 | 11,220,681 | 250,389,783 | ||||||||||||
U.S. Multifactor Fund | 206,159,829 | 205,942,566 | 28,068,805 | 82,541,019 | ||||||||||||
U.S. Quality Dividend Growth Fund | 1,300,851,927 | 1,288,012,685 | 2,278,776,999 | 957,664,872 | ||||||||||||
U.S. Quality Shareholder Yield Fund | 34,350,261 | 34,308,749 | 23,479,507 | 59,369,493 | ||||||||||||
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| In-kind Capital Share Transactions | ||||||||||||||||
| Fund | Purchases | Sales | Purchases | Sales | ||||||||||||
U.S. SmallCap Dividend Fund | $ | 786,718,308 | $ | 772,477,211 | $ | 43,732,330 | $ | 329,162,179 | ||||||||
U.S. SmallCap Fund | 246,328,413 | 245,566,134 | 74,282,959 | 214,907,220 | ||||||||||||
U.S. SmallCap Quality Dividend Growth Fund | 96,324,046 | 96,118,193 | 67,544,763 | 22,802,790 | ||||||||||||
U.S. Total Dividend Fund | 169,358,076 | 167,459,506 | 35,119,815 | 64,636,891 | ||||||||||||
6. FEDERAL INCOME TAXES
At March 31, 2021, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:
| Fund | Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation | ||||||||||||
U.S. Dividend ex-Financials Fund | $ | 481,877,216 | $ | 80,458,101 | $ | (7,485,800 | ) | $ | 72,972,301 | |||||||
U.S. ESG Fund | 65,825,030 | 23,181,587 | (646,283 | ) | 22,535,304 | |||||||||||
U.S. High Dividend Fund | 703,125,063 | 78,738,044 | (10,471,952 | ) | 68,266,092 | |||||||||||
U.S. LargeCap Dividend Fund | 2,027,350,543 | 816,803,080 | (21,841,737 | ) | 794,961,343 | |||||||||||
U.S. LargeCap Fund | 404,013,994 | 110,164,534 | (3,341,604 | ) | 106,822,930 | |||||||||||
U.S. MidCap Dividend Fund | 2,427,981,978 | 501,832,760 | (20,249,704 | ) | 481,583,056 | |||||||||||
U.S. MidCap Fund | 576,669,915 | 141,408,007 | (6,562,292 | ) | 134,845,715 | |||||||||||
U.S. Multifactor Fund | 129,745,080 | 21,362,140 | (2,174,978 | ) | 19,187,162 | |||||||||||
U.S. Quality Dividend Growth Fund | 4,458,402,031 | 1,135,645,127 | (26,797,716 | ) | 1,108,847,411 | |||||||||||
U.S. Quality Shareholder Yield Fund | 50,456,988 | 8,972,584 | (370,078 | ) | 8,602,506 | |||||||||||
U.S. SmallCap Dividend Fund | 1,584,586,499 | 308,713,194 | (25,960,302 | ) | 282,752,892 | |||||||||||
U.S. SmallCap Fund | 504,537,067 | 119,156,621 | (8,207,936 | ) | 110,948,685 | |||||||||||
U.S. SmallCap Quality Dividend Growth Fund | 157,384,401 | 32,193,249 | (1,132,724 | ) | 31,060,525 | |||||||||||
U.S. Total Dividend Fund | 633,131,038 | 246,369,739 | (5,204,501 | ) | 241,165,238 | |||||||||||
At March 31, 2021, the components of total distributable earnings (loss) on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income | Undistributed Capital and Other Losses | Net Unrealized Appreciation | Total Distributable Earnings (Loss) | ||||||||||||
U.S. Dividend ex-Financials Fund | $ | 772,808 | $ | (90,691,217 | ) | $ | 72,972,301 | $ | (16,946,108 | ) | ||||||
U.S. ESG Fund | 28,910 | (8,034,939 | ) | 22,535,304 | 14,529,275 | |||||||||||
U.S. High Dividend Fund | — | (97,047,081 | ) | 68,266,092 | (28,780,989 | ) | ||||||||||
U.S. LargeCap Dividend Fund | 1,854,004 | (151,597,721 | ) | 794,961,343 | 645,217,626 | |||||||||||
U.S. LargeCap Fund | 189,652 | (21,291,942 | ) | 106,822,930 | 85,720,640 | |||||||||||
U.S. MidCap Dividend Fund | 2,225,981 | (351,953,305 | ) | 481,583,056 | 131,855,732 | |||||||||||
U.S. MidCap Fund | 292,881 | (77,013,627 | ) | 134,845,715 | 58,124,969 | |||||||||||
U.S. Multifactor Fund | 35,781 | (19,872,335 | ) | 19,187,162 | (649,392 | ) | ||||||||||
U.S. Quality Dividend Growth Fund | 4,402,706 | (239,187,338 | ) | 1,108,847,411 | 874,062,779 | |||||||||||
U.S. Quality Shareholder Yield Fund | 29,943 | (5,105,517 | ) | 8,602,506 | 3,526,932 | |||||||||||
U.S. SmallCap Dividend Fund | 157,120 | (333,038,772 | ) | 282,752,892 | (50,128,760 | ) | ||||||||||
U.S. SmallCap Fund | 235,660 | (68,446,385 | ) | 110,948,685 | 42,737,960 | |||||||||||
U.S. SmallCap Quality Dividend Growth Fund | 134,416 | (18,195,528 | ) | 31,060,525 | 12,999,413 | |||||||||||
U.S. Total Dividend Fund | 627,544 | (67,579,740 | ) | 241,165,238 | 174,213,042 | |||||||||||
The tax character of distributions paid during the fiscal years ended March 31, 2021 and March 31, 2020, was as follows:
| Year Ended March 31, 2021 | Year Ended March 31, 2020 | |||||||
| Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Ordinary Income* | ||||||
U.S. Dividend ex-Financials Fund | $ | 17,898,781 | $ | 28,605,928 | ||||
U.S. ESG Fund | 1,018,751 | 2,196,268 | ||||||
U.S. High Dividend Fund | 32,948,834 | 35,182,638 | ||||||
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| Year Ended March 31, 2021 | Year Ended March 31, 2020 | |||||||
| Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Ordinary Income* | ||||||
U.S. LargeCap Dividend Fund | $ | 64,521,145 | $ | 60,470,137 | ||||
U.S. LargeCap Fund | 8,454,532 | 6,827,555 | ||||||
U.S. MidCap Dividend Fund | 69,319,287 | 110,075,200 | ||||||
U.S. MidCap Fund | 8,770,455 | 17,560,711 | ||||||
U.S. Multifactor Fund | 1,705,277 | 2,826,270 | ||||||
U.S. Quality Dividend Growth Fund | 90,898,526 | 69,826,053 | ||||||
U.S. Quality Shareholder Yield Fund | 1,059,051 | 764,994 | ||||||
U.S. SmallCap Dividend Fund | 41,528,464 | 63,284,313 | ||||||
U.S. SmallCap Fund | 5,647,946 | 11,592,685 | ||||||
U.S. SmallCap Quality Dividend Growth Fund | 3,076,752 | 2,702,894 | ||||||
U.S. Total Dividend Fund | 20,745,554 | 20,435,251 | ||||||
| * | Includes short-term capital gains, if any. |
At March 31, 2021, 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 | |||||||||
U.S. Dividend ex-Financials Fund | $ | 29,824,876 | $ | 60,866,341 | $ | 90,691,217 | ||||||
U.S. ESG Fund | 3,113,445 | 4,921,494 | 8,034,939 | |||||||||
U.S. High Dividend Fund | 18,149,397 | 78,897,684 | 97,047,081 | |||||||||
U.S. LargeCap Dividend Fund | 17,010,472 | 134,587,249 | 151,597,721 | |||||||||
U.S. LargeCap Fund | 7,509,512 | 13,782,430 | 21,291,942 | |||||||||
U.S. MidCap Dividend Fund | 148,029,558 | 203,923,747 | 351,953,305 | |||||||||
U.S. MidCap Fund | 31,238,067 | 45,775,560 | 77,013,627 | |||||||||
U.S. Multifactor Fund | 18,649,258 | 1,223,077 | 19,872,335 | |||||||||
U.S. Quality Dividend Growth Fund | 125,637,447 | 113,549,891 | 239,187,338 | |||||||||
U.S. Quality Shareholder Yield Fund | 3,563,534 | 1,541,983 | 5,105,517 | |||||||||
U.S. SmallCap Dividend Fund | 61,830,379 | 271,208,393 | 333,038,772 | |||||||||
U.S. SmallCap Fund | 18,984,016 | 49,462,369 | 68,446,385 | |||||||||
U.S. SmallCap Quality Dividend Growth Fund | 4,102,806 | 14,092,722 | 18,195,528 | |||||||||
U.S. Total Dividend Fund | 20,758,610 | 46,821,130 | 67,579,740 | |||||||||
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. At March 31, 2021, the Funds did not have any post-October capital losses or late year ordinary losses to defer.
During the fiscal year ended March 31, 2021, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:
| Fund | Utilized Capital Loss Carryforward | |||
U.S. Dividend ex-Financials Fund | $ | — | ||
U.S. ESG Fund | — | |||
U.S. High Dividend Fund | — | |||
U.S. LargeCap Dividend Fund | — | |||
U.S. LargeCap Fund | — | |||
U.S. MidCap Dividend Fund | — | |||
U.S. MidCap Fund | 27,544,803 | |||
U.S. Multifactor Fund | 6,034,117 | |||
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Notes to Financial Statements (continued)
| Fund | Utilized Capital Loss Carryforward | |||
U.S. Quality Dividend Growth Fund | $ | — | ||
U.S. Quality Shareholder Yield Fund | — | |||
U.S. SmallCap Dividend Fund | — | |||
U.S. SmallCap Fund | — | |||
U.S. SmallCap Quality Dividend Growth Fund | 450,658 | |||
U.S. Total Dividend Fund | — | |||
At March 31, 2021, 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 | ||||||
U.S. Dividend ex-Financials Fund | $ | (4,131,175 | ) | $ | 4,131,175 | |||
U.S. ESG Fund | (11,951,467 | ) | 11,951,467 | |||||
U.S. High Dividend Fund | (11,958,012 | ) | 11,958,012 | |||||
U.S. LargeCap Dividend Fund | (42,635,496 | ) | 42,635,496 | |||||
U.S. LargeCap Fund | (26,170,015 | ) | 26,170,015 | |||||
U.S. MidCap Dividend Fund | (103,295,285 | ) | 103,295,285 | |||||
U.S. MidCap Fund | 14,565,081 | (14,565,081 | ) | |||||
U.S. Multifactor Fund | (14,020,722 | ) | 14,020,722 | |||||
U.S. Quality Dividend Growth Fund | (377,723,955 | ) | 377,723,955 | |||||
U.S. Quality Shareholder Yield Fund | (10,567,725 | ) | 10,567,725 | |||||
U.S. SmallCap Dividend Fund | (36,382,041 | ) | 36,382,041 | |||||
U.S. SmallCap Fund | 36,988,122 | (36,988,122 | ) | |||||
U.S. SmallCap Quality Dividend Growth Fund | (8,078,139 | ) | 8,078,139 | |||||
U.S. Total Dividend Fund | (27,654,028 | ) | 27,654,028 | |||||
These differences are primarily due to redemptions-in-kind and distributions in excess of current earnings.
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 as the foreign income is earned. The dollar amount of applicable foreign withholding taxes on foreign income is included net in the Statements of Operations in “Dividend Income”. As of and during the fiscal year ended March 31, 2021, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2021, remains subject to examination by taxing authorities.
7. LEGAL MATTER
The U.S. SmallCap Dividend Fund and U.S. SmallCap Fund (the “Affected Funds”), along with many other former shareholders of The Jones Group Inc. (“Jones Group”), were named as defendants in one or more lawsuits (the “Litigation”) arising out of transactions consummated by Jones Group in April 2014 (“2014 transactions”). The Litigation seeks to “claw back” from former Jones Group shareholders, including the Affected Funds, proceeds received in connection with the 2014 transactions. The U.S. SmallCap Dividend Fund and U.S. SmallCap Fund received proceeds from the 2014 transactions in the amount of $1,647,765 and $274,245, respectively. In August 2020, the bankruptcy judge of the U.S. Bankruptcy Court in New York dismissed the lawsuit with prejudice, although plaintiffs have filed an appeal and the ultimate outcome is unknown at this time.
8. SUBSEQUENT EVENT
On May 25, 2021, at the recommendation of WTAM, the investment adviser of the U.S. Quality Shareholder Yield Fund, the Board of Trustees considered, and approved, a 2-for-1 stock split of the U.S. Quality Shareholder Yield Fund’s outstanding shares. The total outstanding shares of the U.S. Quality Shareholder Yield Fund will split on a 2-for-1 basis on or around June 10, 2021. The impact of
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Notes to Financial Statements (concluded)
the stock split will increase the number of shares outstanding by a factor of two, while decreasing the NAV per share and market price per share by a factor of two, resulting in no effect on the U.S. Quality Shareholder Yield Fund’s net assets or on the total value of a shareholder’s investment.
9. ADDITIONAL INFORMATION
The respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally for over a year, resulting in a global pandemic and major disruption to global markets and economies. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide took 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. In recent months, however, the rapid COVID-19 vaccination rollout in the United States and certain other developed countries, coupled with the passage of stimulus programs in the U.S. and abroad, have resulted in a reversal of many of these trends, including the re-opening of businesses, a reduction in quarantine requirements, increased consumer demand, and the resumption of certain in-person schooling, travel and events. Despite these positive trends, the prevalence of new COVID-19 variants, a failure to achieve herd immunity, or other unforeseen circumstances may result in the continued spread of the virus throughout unvaccinated populations or a resurgence in infections among vaccinated populations. As a result, it remains unclear if recent positive trends will continue in developed markets and whether such trends will spread world-wide to countries with limited access to vaccines that are still experiencing rising COVID-19 cases, hospitalizations and deaths.
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. It is also true that the speed at which global economies recover, or fail to recover, from the COVID-19 pandemic will affect certain sectors, industries, and issuers more dramatically than others, which in turn may adversely affect certain Fund investments.
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, including access to COVID-19 vaccinations and treatments. 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 fully 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.
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Report of Independent Registered Public Accounting Firm
To the Shareholders of WisdomTree U.S. Dividend ex-Financials Fund, WisdomTree U.S. ESG Fund, WisdomTree U.S. High Dividend Fund, WisdomTree U.S. LargeCap Dividend Fund, WisdomTree U.S. LargeCap Fund, WisdomTree U.S. MidCap Dividend Fund, WisdomTree U.S. MidCap Fund, WisdomTree U.S. Multifactor Fund, WisdomTree U.S. Quality Dividend Growth Fund, WisdomTree U.S. Quality Shareholder Yield Fund, WisdomTree U.S. SmallCap Dividend Fund, WisdomTree U.S. SmallCap Fund, WisdomTree U.S. SmallCap Quality Dividend Growth Fund and WisdomTree U.S. Total Dividend 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 U.S. Dividend ex-Financials Fund, WisdomTree U.S. ESG Fund, WisdomTree U.S. High Dividend Fund, WisdomTree U.S. LargeCap Dividend Fund, WisdomTree U.S. LargeCap Fund, WisdomTree U.S. MidCap Dividend Fund, WisdomTree U.S. MidCap Fund, WisdomTree U.S. Multifactor Fund, WisdomTree U.S. Quality Dividend Growth Fund, WisdomTree U.S. Quality Shareholder Yield Fund, WisdomTree U.S. SmallCap Dividend Fund, WisdomTree U.S. SmallCap Fund, WisdomTree U.S. SmallCap Quality Dividend Growth Fund and WisdomTree U.S. Total Dividend Fund (collectively referred to as the “Funds”), (fourteen of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2021, 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 (fourteen of the funds constituting WisdomTree Trust) at March 31, 2021, 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 U.S. Dividend ex-Financials Fund WisdomTree U.S. ESG Fund WisdomTree U.S. High Dividend Fund WisdomTree U.S. LargeCap Dividend Fund WisdomTree U.S. LargeCap Fund WisdomTree U.S. MidCap Dividend Fund WisdomTree U.S. MidCap Fund WisdomTree U.S. Quality Dividend Growth Fund WisdomTree U.S. Quality Shareholder Yield Fund WisdomTree U.S. SmallCap Dividend Fund WisdomTree U.S. SmallCap Fund WisdomTree U.S. SmallCap Quality Dividend Growth Fund WisdomTree U.S. Total Dividend Fund | For the year ended March 31, 2021 | For each of the two years in the period ended March 31, 2021 | For each of the five years in the period ended March 31, 2021 | |||
WisdomTree U.S. Multifactor Fund | For the year ended March 31, 2021 | For each of the two years in the period ended March 31, 2021 | For each of the three years in the period ended March 31, 2021 and the period from June 29, 2017 (commencement of operations) through March 31, 2018 | |||
Basis for Opinion
These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
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
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Report of Independent Registered Public Accounting Firm (concluded)
owned as of March 31, 2021, 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
May 26, 2021
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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 interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor 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-ended 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 January 1, 2020 to December 31, 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 Funds maintain sufficient highly liquid assets to meet Fund redemptions.
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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. | 68 | 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). | 68 | None | ||||||
| Joel Goldberg**, *** (1945) | Trustee, 2012-present | Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010. | 68 | 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. | 68 | None | ||||||
Melinda A. (1955) | Trustee, 2014-present | Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management. | 68 | 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. | 68 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016). | ||||||
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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 (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. | 68 | None | ||||||
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. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | None | ||||||
| + | As of March 31, 2021. |
| * | 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. |
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Table of Contents
Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year ended March 31, 2021, 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 2022.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2021, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income | |||
U.S. Dividend ex-Financials Fund | $ | 17,898,781 | ||
U.S. ESG Fund | 1,018,751 | |||
U.S. High Dividend Fund | 32,094,397 | |||
U.S. LargeCap Dividend Fund | 64,521,145 | |||
U.S. LargeCap Fund | 8,454,532 | |||
U.S. MidCap Dividend Fund | 69,319,287 | |||
U.S. MidCap Fund | 8,770,455 | |||
U.S. Multifactor Fund | 1,705,277 | |||
U.S. Quality Dividend Growth Fund | 90,898,526 | |||
U.S. Quality Shareholder Yield Fund | 1,059,051 | |||
U.S. SmallCap Dividend Fund | 41,528,464 | |||
U.S. SmallCap Fund | 5,647,946 | |||
U.S. SmallCap Quality Dividend Growth Fund | 3,076,752 | |||
U.S. Total Dividend Fund | 20,745,554 | |||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2021, that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction | |||
U.S. Dividend ex-Financials Fund | 100.00 | % | ||
U.S. ESG Fund | 100.00 | % | ||
U.S. High Dividend Fund | 100.00 | % | ||
U.S. LargeCap Dividend Fund | 100.00 | % | ||
U.S. LargeCap Fund | 99.99 | % | ||
U.S. MidCap Dividend Fund | 99.55 | % | ||
U.S. MidCap Fund | 100.00 | % | ||
U.S. Multifactor Fund | 100.00 | % | ||
U.S. Quality Dividend Growth Fund | 100.00 | % | ||
U.S. Quality Shareholder Yield Fund | 100.00 | % | ||
U.S. SmallCap Dividend Fund | 99.99 | % | ||
U.S. SmallCap Fund | 100.00 | % | ||
U.S. SmallCap Quality Dividend Growth Fund | 99.99 | % | ||
U.S. Total Dividend Fund | 100.00 | % | ||
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Table of Contents
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
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.
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Table of Contents
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing.
There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Indexes are unmanaged and you cannot invest directly in an index.
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.
Table of Contents
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 - 4832
Table of Contents
WisdomTree Trust
Annual Report
March 31, 2021
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
WisdomTree Emerging Markets High Dividend Fund (DEM)
WisdomTree Emerging Markets Multifactor Fund (EMMF)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
WisdomTree Global High Dividend Fund (DEW)
WisdomTree Growth Leaders Fund (PLAT)
(formerly, WisdomTree Modern Tech Platforms Fund)
WisdomTree India Earnings Fund (EPI)
WisdomTree India ex-State-Owned Enterprises Fund (IXSE)
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Information about Performance and Shareholder Expense Examples (unaudited) | 3 | |||
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| Schedules of Investments | ||||
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“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
Table of Contents
(unaudited)
Emerging market (“EM”) equities, as measured by the MSCI Emerging Markets Index, returned 52.99% in local currency terms and 58.39% in U.S. dollar terms for the 12-month fiscal year that ended March 31, 2021 (the “period”). Individual EM currencies had mixed results versus the U.S. dollar (“USD”) during the period, but broadly speaking in EM currencies, the USD weakened following the rise in long-term U.S. Treasury rates and deployment of fiscal and monetary stimulus in the latter half of the period. The spot currencies of Argentina, Turkey, and Peru further weakened by approximately 30%, 20%, and 8%, respectively, versus the USD during the period, and the spot currencies of South Africa, Chile, Mexico, Indonesia, and the Czech Republic all strengthened by 10%-20%. A confluence of factors drove these currency moves, most notably developments that stemmed from impacts from the novel coronavirus (“COVID-19”). The Argentine peso was especially hurt as the currency weakened 30% versus the USD over ongoing concerns about the country’s ability to fulfill its debt obligations.
EM equity returns were positive in the second quarter of 2020, returning 18.08% in USD and 16.74% in local currency terms. Following a historic sell-off induced by the emergence of COVID-19 in March 2020, the global markets saw a relief rally in the first few months following the market lows. While many economies were still shuttering and global supply chains were disconnected, many local governments went to work quickly to try to provide relief in the form of monetary and/or fiscal stimulus to help weather the storm. One additional negative impact that occurred during March and April was that an oil war broke out between the Organization of the Petroleum Exporting Countries, Middle Eastern, and Russian nations, which spewed over into the oil exporting world. For the first time in history, front month spot crude prices saw negative values, as massive amounts of cheap oil were supplied into the crippling world economy from feuding nations. However, in the subsequent months to follow, tensions eased, and prices began to stabilize to historically normal levels.
EM equity returns were positive in the third quarter of 2020, returning 9.56% in USD and 8.65% in local currency. During the summer months of 2020, many of the economic impacts of COVID-19 began to be reported throughout the world. To no one’s surprise, economic growth slowed in all major global economies, and signs of an economic slowdown in China was a major headwind on EM equity returns. Historical levels of unemployment began to appear in nearly every major economy. There was also a reemergence of a “second-wave” of the pandemic in terms of case and death counts around the world during the summer months. Even still, a ramp up in global fiscal and monetary stimulus continued to make its way through the system and helped continue the relief rally in emerging and global equity markets. In addition, there was some positive news developing around the vaccine front, as prominent pharmaceutical companies were reporting positive early-stage results of their vaccine candidates. China, due to its strict lockdown policies, saw its recovery take place much sooner than other world economies.
EM equity returns continued to climb by 19.70% in USD and 16.02% in local currency in the fourth quarter of 2020. In the final months of 2020, there were some major global developments as it relates to the COVID-19 pandemic. Very promising results were announced in the fall of 2020 from various drug companies about the effectiveness of their late-stage vaccine candidates. This helped to strongly support the relief/reopening rally in the world economy. Positive vaccine news sent EM equities higher as their local countries did not generally have the same infrastructure (relative to their developed world peers) in place to continue to properly treat patients with the disease. In December of 2020, the U.S. Food and Drug Administration approved the world’s first emergency use authorization for a COVID-19 vaccine. Many world drug administrations quickly followed suit, and the world began to vaccinate its citizens.
EM equities continued to climb along side global equities in the first quarter of 2021. EM equities rose in USD by 2.29% and by 3.96% in local currency terms. Much of this quarter’s positive return was experienced between January and early February 2021 before a slight sell-off in the remaining month and a half of the period. Beginning in
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Table of Contents
Market Environment Overview
(unaudited) (concluded)
early January 2021, vaccines began to be distributed and administered throughout the world, and news of additional vaccines approved for emergency use in the U.S. also sent the global markets higher. The inauguration of the new U.S. president led to a new and more globalist administration in the White House, which also potentially helped to alleviate concerns of trade tensions between the U.S. and its various global partners. Commodity prices continued to rise and stabilize as the global economy continued to reopen, supply chains began to come back online, and months of pent-up demand began to work its way into the global economy. This resulted in calls for higher inflation potentially in the years to follow, and as a result, many sovereign debt curves saw rises in their nominal interest rates. In addition, the markets continued to see improving economic conditions in virtually all markets. For example, after posting a -6.8% gross domestic product (“GDP”) figure in Q1 2020, China reported subsequent quarterly GDP growth numbers of 3.2% (Q2 2020), 4.9% (Q3 2020), 6.5% (Q4 2020), and 18.3% (Q1 2021).
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.
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Table of Contents
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 October 1, 2020 to March 31, 2021. 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 182/365 (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.
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Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
Sector Breakdown†
| Sector | % of Net Assets | |||
Consumer Discretionary | 32.9% | |||
Communication Services | 21.2% | |||
Health Care | 12.3% | |||
Financials | 9.4% | |||
Industrials | 7.1% | |||
Information Technology | 6.6% | |||
Consumer Staples | 5.3% | |||
Real Estate | 4.0% | |||
Utilities | 0.7% | |||
Materials | 0.6% | |||
Energy | 0.1% | |||
Other Assets less Liabilities‡ | -0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Tencent Holdings Ltd. | 12.6% | |||
Alibaba Group Holding Ltd. | 7.6% | |||
Meituan, Class B | 5.6% | |||
Ping An Insurance Group Co. of China Ltd., Class H | 3.5% | |||
JD.com, Inc., ADR | 3.3% | |||
Ping An Insurance Group Co. of China Ltd., Class A | 3.1% | |||
Baidu, Inc., ADR | 3.0% | |||
NetEase, Inc., ADR | 2.3% | |||
Wuxi Biologics Cayman, Inc. | 2.0% | |||
Pinduoduo, Inc., ADR | 1.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree China ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Chinese companies that are not state-owned enterprises, which is defined as government ownership of greater than 20%. 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 68.71% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s overweight to the Consumer Discretionary sector and underweight to the Financials sector contributed the most to performance. The most significant driver of Fund performance was the exclusion of state-owned-enterprises. China was the only country to exhibit significant economic growth during 2020 despite the COVID-19 pandemic, mainly due to its ability to stem the spread of the virus early on with minimal economic impact. As a result, many cyclical economic sectors within China, such as Consumer Discretionary and Financials, performed particularly well, especially compared to cyclical sectors in areas of the world that were forced to curtail economic activity while battling the virus.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,157.50 | 0.32 | %1 | $ | 1.72 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.34 | 0.32 | %1 | $ | 1.61 | ||||||||
| 1 | WisdomTree Asset Management, Inc. had contractually agreed to limit the management fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the management fee was permanently reduced to 0.32%. |
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 68.71 | % | 15.02 | % | 23.75 | % | 13.43 | % | ||||||||
Fund Market Price Returns | 71.82 | % | 15.12 | % | 24.26 | % | 13.48 | % | ||||||||
WisdomTree China Dividend ex-Financials/China ex-State-Owned Enterprises Spliced Index2 | 69.14 | % | 14.40 | % | 23.52 | % | 13.77 | % | ||||||||
MSCI China Index | 43.61 | % | 8.25 | % | 16.09 | % | 10.48 | % | ||||||||
FTSE China 50 Index | 26.36 | % | 3.02 | % | 9.94 | % | 6.69 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 19, 2012. |
| 2 | WisdomTree China Dividend ex-Financials Index through June 30, 2015; WisdomTree China ex-State-Owned Enterprises Index thereafter. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
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Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 22.2% | |||
Consumer Discretionary | 21.3% | |||
Communication Services | 13.6% | |||
Financials | 12.6% | |||
Materials | 6.7% | |||
Consumer Staples | 6.3% | |||
Health Care | 6.3% | |||
Industrials | 4.6% | |||
Energy | 3.7% | |||
Real Estate | 1.8% | |||
Utilities | 0.9% | |||
Other Assets less Liabilities‡ | 0.0% | * | ||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
| * | Represents less than 0.1%. |
Top Ten Holdings*
| Description | % of Net Assets | |||
Alibaba Group Holding Ltd. | 6.6% | |||
Tencent Holdings Ltd. | 6.6% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 6.1% | |||
Samsung Electronics Co., Ltd. | 5.4% | |||
Meituan, Class B | 1.9% | |||
Naspers Ltd., Class N | 1.6% | |||
Reliance Industries Ltd., GDR | 1.4% | |||
JD.com, Inc., ADR | 1.3% | |||
Ping An Insurance Group Co. of China Ltd., Class H | 1.1% | |||
Infosys Ltd., ADR | 1.1% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in emerging market companies that are not state-owned enterprises, which is defined as government ownership of more than 20%. 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 67.18% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The weakening of the U.S. dollar positively impacted Fund performance for most of the fiscal year. The Fund’s positions within the Consumer Discretionary and Financials sectors had the greatest positive impact on returns for the year, while its positions in the Consumer Staples sector impacted returns most negatively. The key overall driver of positive performance and attribution was the Fund’s exclusion of state-owned-enterprises.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,211.30 | 0.32 | %1 | $ | 1.76 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.34 | 0.32 | %1 | $ | 1.61 | ||||||||
| 1 | WisdomTree Asset Management, Inc. had contractually agreed to limit the management fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the management fee was permanently reduced to 0.32%. |
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 67.18 | % | 9.85 | % | 15.00 | % | 9.98 | % | ||||||||
Fund Market Price Returns | 69.08 | % | 9.78 | % | 15.36 | % | 10.30 | % | ||||||||
WisdomTree Emerging Markets ex-State-Owned Enterprises Index | 68.86 | % | 10.29 | % | 15.68 | % | 11.02 | % | ||||||||
MSCI Emerging Markets Index | 58.39 | % | 6.48 | % | 12.07 | % | 7.62 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 10, 2014. |
Performance is historical and does not guarantee future results. 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 | 5 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Emerging Markets High Dividend Fund (DEM)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 27.4% | |||
Materials | 20.8% | |||
Information Technology | 15.4% | |||
Real Estate | 6.6% | |||
Utilities | 6.2% | |||
Energy | 6.0% | |||
Communication Services | 5.7% | |||
Consumer Staples | 4.6% | |||
Industrials | 4.0% | |||
Consumer Discretionary | 2.7% | |||
Health Care | 0.3% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Vale S.A. | 6.4% | |||
Sberbank of Russia PJSC, ADR | 5.8% | |||
Hon Hai Precision Industry Co., Ltd. | 4.5% | |||
MMC Norilsk Nickel PJSC, ADR | 3.5% | |||
China Construction Bank Corp., Class H | 3.1% | |||
Industrial & Commercial Bank of China Ltd., Class H | 2.6% | |||
Rosneft Oil Co. PJSC, GDR | 1.9% | |||
Grupo Mexico S.A.B. de C.V., Series B | 1.4% | |||
Tatneft PJSC, ADR | 1.4% | |||
Formosa Plastics Corp. | 1.3% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Emerging Markets High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the emerging markets region. 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 43.37% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The weakening of the U.S. dollar positively impacted total returns. The Fund’s overweight positions in Brazil and Mexico contributed the most positively to performance, whereas its overweight positions in Russia and Hong Kong contributed the least positively to performance. Additionally, the Fund’s overweight position in the Materials sector added the most to performance, whereas its overweight position in the Energy sector and underweight position in the Information Technology sector contributed the least. The Fund’s high dividend yield strategy served as a headwind for the Fund, as many high dividend yield companies that can be found in the Financials and Energy sectors added the least to relative performance.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,272.60 | 0.63 | % | $ | 3.57 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,021.79 | 0.63 | % | $ | 3.18 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 43.37 | % | 2.59 | % | 9.45 | % | 1.17 | % | ||||||||
Fund Market Price Returns | 44.75 | % | 2.29 | % | 9.63 | % | 1.10 | % | ||||||||
WisdomTree Emerging Markets High Dividend Index | 45.05 | % | 3.39 | % | 10.30 | % | 2.11 | % | ||||||||
MSCI Emerging Markets Index | 58.39 | % | 6.48 | % | 12.07 | % | 3.65 | % | ||||||||
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.
| 6 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Emerging Markets Multifactor Fund (EMMF)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 23.5% | |||
Consumer Discretionary | 14.2% | |||
Financials | 12.5% | |||
Consumer Staples | 10.3% | |||
Materials | 10.0% | |||
Communication Services | 8.8% | |||
Health Care | 6.9% | |||
Industrials | 4.6% | |||
Real Estate | 3.7% | |||
Utilities | 3.3% | |||
Energy | 1.3% | |||
Other Assets less Liabilities‡ | 0.9% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 3.2% | |||
Cathay Financial Holding Co., Ltd. | 2.7% | |||
Tencent Holdings Ltd. | 2.6% | |||
Fubon Financial Holding Co., Ltd. | 2.6% | |||
Alibaba Group Holding Ltd., ADR | 2.5% | |||
Samsung Electronics Co., Ltd. | 1.8% | |||
Lenovo Group Ltd. | 1.5% | |||
Zhongsheng Group Holdings Ltd. | 1.4% | |||
HCL Technologies Ltd. | 1.4% | |||
Tech Mahindra Ltd. | 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 Emerging Markets Multifactor Fund (the “Fund”) seeks capital appreciation, by investing in equity securities of emerging markets countries with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.
The Fund returned 48.12% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s position in the Real Estate sector was the only additive sector allocation during the fiscal year, whereas the Fund’s positions in Communication Services, Consumer Discretionary, and Information Technology sectors were primary detractors. From a country perspective, the Fund’s positions in Korea, China, and Turkey weighed on performance the most, while its positions in Qatar and Thailand were slightly additive. Emerging markets performed well during the COVID-19 pandemic, as certain countries managed to mitigate the economic impact of the virus early on. Likewise, the reduction in global interest rates was additive for the region which helped its cyclical sectors grow despite the economic and public health headwinds imposed by the pandemic.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,201.90 | 0.48 | % | $ | 2.64 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 | ||||||||
Performance
| Average Annual Total Return | ||||||||
| 1 Year | Since Inception1 | |||||||
Fund NAV Returns | 48.12 | % | 3.98 | % | ||||
Fund Market Price Returns | 49.96 | % | 4.44 | % | ||||
MSCI Emerging Markets Index | 58.39 | % | 10.85 | % | ||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 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 | 7 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 23.8% | |||
Financials | 12.3% | |||
Consumer Staples | 10.6% | |||
Communication Services | 10.0% | |||
Industrials | 8.4% | |||
Materials | 8.2% | |||
Consumer Discretionary | 7.6% | |||
Health Care | 6.4% | |||
Real Estate | 4.7% | |||
Utilities | 4.2% | |||
Energy | 3.9% | |||
Other Assets less Liabilities‡ | -0.1% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 5.8% | |||
Tencent Holdings Ltd. | 5.1% | |||
Samsung Electronics Co., Ltd. | 4.1% | |||
Infosys Ltd. | 1.1% | |||
Reliance Industries Ltd. | 1.0% | |||
Ping An Insurance Group Co. of China Ltd., Class H | 0.9% | |||
Novatek Microelectronics Corp. | 0.9% | |||
Kumho Petrochemical Co., Ltd. | 0.9% | |||
NetEase, Inc., ADR | 0.8% | |||
Hon Hai Precision Industry Co., Ltd. | 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 Quality Dividend Growth Fund (the “Fund”) seeks income and capital appreciation by investing in dividend-paying companies with growth characteristics in the emerging markets region.
The Fund returned 55.66% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Informational Technology sector contributed most positively to performance while its position in the Utilities sector contributed the least positively to performance. The Fund’s position in China contributed most positively to performance, while its position in Singapore contributed least positively to performance. In late 2020, China’s economic growth was able to outpace global GDP due to its containment of the pandemic and its increasing domestic demands. As such, the Fund’s performance was led by its position in China. Emerging markets in general also participated in the global recovery post the COVID-19 sell-off experienced by the global markets in Q1 2020, which led to the Fund’s high return.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,235.10 | 0.32 | %1 | $ | 1.78 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.34 | 0.32 | %1 | $ | 1.61 | ||||||||
| 1 | WisdomTree Asset Management, Inc. had contractually agreed to limit the management fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the management fee was permanently reduced to 0.32%. |
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 55.66 | % | 5.83 | % | 9.71 | % | 4.59 | % | ||||||||
Fund Market Price Returns | 57.99 | % | 5.91 | % | 9.96 | % | 4.45 | % | ||||||||
MSCI Emerging Markets Index | 58.39 | % | 6.48 | % | 12.07 | % | 6.71 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on August 1, 2013. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 8 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 17.4% | |||
Financials | 13.8% | |||
Industrials | 13.7% | |||
Materials | 13.1% | |||
Consumer Discretionary | 9.6% | |||
Real Estate | 8.4% | |||
Utilities | 8.4% | |||
Consumer Staples | 7.8% | |||
Health Care | 3.0% | |||
Communication Services | 2.8% | |||
Energy | 1.5% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.4% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Transmissora Alianca de Energia Eletrica S.A. | 1.3% | |||
African Rainbow Minerals Ltd. | 1.2% | |||
AVI Ltd. | 0.9% | |||
Tisco Financial Group PCL, NVDR | 0.9% | |||
Chicony Electronics Co., Ltd. | 0.8% | |||
Synnex Technology International Corp. | 0.8% | |||
BNK Financial Group, Inc. | 0.8% | |||
GS Engineering & Construction Corp. | 0.7% | |||
Tripod Technology Corp. | 0.7% | |||
Powertech Technology, 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 Emerging Markets SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the emerging markets region. 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 60.63% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the weakening of the U.S. dollar positively impacted returns. Despite the unusually high positive absolute performance, all country and sector exposures in the Fund have contributed negatively since many small-cap companies in emerging markets have either suspended or cut their dividends during the fiscal year. This is also evidenced by negative dividend yield attribution by all five quintiles of dividend payers.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,249.00 | 0.63 | % | $ | 3.53 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,021.79 | 0.63 | % | $ | 3.18 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 60.63 | % | 2.52 | % | 10.09 | % | 3.06 | % | ||||||||
Fund Market Price Returns | 62.03 | % | 2.38 | % | 10.37 | % | 3.12 | % | ||||||||
WisdomTree Emerging Markets SmallCap Dividend Index | 63.02 | % | 3.63 | % | 11.17 | % | 4.18 | % | ||||||||
MSCI Emerging Markets Small Cap Index | 87.13 | % | 5.19 | % | 9.59 | % | 3.33 | % | ||||||||
MSCI Emerging Markets Index | 58.39 | % | 6.48 | % | 12.07 | % | 3.65 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 9 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 23.5% | |||
Health Care | 17.0% | |||
Industrials | 14.0% | |||
Materials | 10.7% | |||
Consumer Staples | 10.5% | |||
Consumer Discretionary | 10.0% | |||
Financials | 4.8% | |||
Communication Services | 4.6% | |||
Energy | 2.1% | |||
Utilities | 1.9% | |||
Real Estate | 0.7% | |||
Investment Company | 0.0% | * | ||
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 less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
| * | Represents less than 0.1%. |
Top Ten Holdings*
| Description | % of Net Assets | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 4.8% | |||
Unilever PLC | 4.5% | |||
Rio Tinto Ltd. | 4.4% | |||
ASML Holding N.V. | 4.0% | |||
Novo Nordisk A/S, Class B | 3.3% | |||
Tokyo Electron Ltd. | 3.3% | |||
Roche Holding AG, Genusschein | 3.2% | |||
RELX PLC | 3.2% | |||
Canadian National Railway Co. | 3.1% | |||
Partners Group Holding AG | 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 Global ex-U.S. Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in developed and emerging equity markets, ex-U.S. 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 48.25% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s overweight position in the Consumer Discretionary sector contributed the most positively to performance. Additionally, the Fund’s position in the Financials sector contributed positively to overall returns, while the Fund’s position in the Consumer Staples sector detracted from overall returns. In terms of dividend yield quintiles, the Fund’s positions within the top quintile and those with zero dividend yield resulted in the greatest contribution to returns.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,174.00 | 0.58 | % | $ | 3.14 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 48.25 | % | 11.92 | % | 12.85 | % | 5.88 | % | ||||||||
Fund Market Price Returns | 49.94 | % | 11.86 | % | 13.15 | % | 5.86 | % | ||||||||
WisdomTree Global ex-U.S. Quality Dividend Growth Index | 49.52 | % | 12.59 | % | 13.65 | % | 6.62 | % | ||||||||
MSCI AC World ex-USA Growth Index | 49.36 | % | 10.31 | % | 12.03 | % | 6.69 | % | ||||||||
MSCI AC World ex-USA Index | 49.41 | % | 6.51 | % | 9.76 | % | 4.93 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 10 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
Sector Breakdown†
| Sector | % of Net Assets | |||
Real Estate | 99.0% | |||
Consumer Discretionary | 0.4% | |||
Financials | 0.2% | |||
Other Assets less Liabilities‡ | 0.4% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Vonovia SE | 5.1 | % | ||
Sun Hung Kai Properties Ltd. | 4.2 | % | ||
Link REIT | 3.3 | % | ||
Daito Trust Construction Co., Ltd. | 2.7 | % | ||
China Resources Land Ltd. | 2.6 | % | ||
Daiwa House Industry Co., Ltd. | 2.5 | % | ||
Country Garden Holdings Co., Ltd. | 2.2 | % | ||
Goodman Group | 1.9 | % | ||
Mitsui Fudosan Co., Ltd. | 1.9 | % | ||
Longfor Group Holdings Ltd. | 1.8 | % | ||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Global ex-U.S. Real Estate Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Real Estate Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the Real Estate sector in developed and emerging equity markets, ex-U.S. 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 23.92% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s positions in the United Kingdom, Canada, and Australia positively contributed to performance, while positions in Hong Kong and Germany contributed the least to performance. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. However, the onset of the COVID-19 pandemic was a major headwind for global real estate, with impacts rippling across industries. For example, companies around the world did their best to have their employees work from home, driving down the need for office space, which became harder to rent. These vacancies drove down rental income, which is an important cash flow generator for the sector. Similarly, the slowdown in economic activity adversely impacted global production, which likely limited the need for storage and warehouse space.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,128.90 | 0.58 | % | $ | 3.08 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 23.92 | % | -1.25 | % | 5.09 | % | 4.69 | % | ||||||||
Fund Market Price Returns | 24.27 | % | -1.38 | % | 5.09 | % | 4.62 | % | ||||||||
WisdomTree International Real Estate/Global ex-U.S. Real Estate Spliced Index1 | 24.11 | % | -1.11 | % | 5.32 | % | 4.88 | % | ||||||||
Dow Jones Global ex-U.S. Select Real Estate Securities Index | 32.99 | % | 1.13 | % | 2.30 | % | 4.22 | % | ||||||||
MSCI AC World ex-USA Index | 49.41 | % | 6.51 | % | 9.76 | % | 4.93 | % | ||||||||
| 1 | WisdomTree International Real Estate Index through June 17, 2011; WisdomTree Global ex-U.S. Real Estate Index thereafter. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 11 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Global High Dividend Fund (DEW)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 26.6% | |||
Communication Services | 13.9% | |||
Consumer Staples | 10.8% | |||
Utilities | 8.4% | |||
Health Care | 7.5% | |||
Materials | 7.2% | |||
Real Estate | 7.1% | |||
Information Technology | 6.7% | |||
Energy | 5.6% | |||
Industrials | 3.9% | |||
Consumer Discretionary | 1.7% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.5% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
AT&T, Inc. | 5.4% | |||
JPMorgan Chase & Co. | 3.7% | |||
Verizon Communications, Inc. | 3.3% | |||
Philip Morris International, Inc. | 2.7% | |||
Altria Group, Inc. | 2.7% | |||
Citigroup, Inc. | 2.5% | |||
Coca-Cola Co. (The) | 2.4% | |||
AbbVie, Inc. | 2.0% | |||
Pfizer, Inc. | 1.8% | |||
Cisco Systems, Inc. | 1.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Global High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the U.S. and in developed and emerging equity markets. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 42.38% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s overweight positions in the Financials and Materials sectors contributed positively to performance, while the remaining sector positions detracted. The Fund’s positions in Switzerland and Australia contributed the most positively to performance, whereas its positions in the United Kingdom and the United States negatively impacted performance. The Fund’s focus on high dividend yield stocks served as a headwind during the fiscal year, as many high dividend yield companies underperformed lower dividend yield companies during the recovery from the COVID-19 pandemic.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,259.40 | 0.58 | % | $ | 3.27 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 42.38 | % | 4.58 | % | 6.80 | % | 4.64 | % | ||||||||
Fund Market Price Returns | 43.26 | % | 4.48 | % | 6.84 | % | 4.54 | % | ||||||||
WisdomTree Global High Dividend Index | 41.80 | % | 4.27 | % | 6.60 | % | 4.57 | % | ||||||||
MSCI AC World Index | 54.60 | % | 12.07 | % | 13.21 | % | 9.14 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 12 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Growth Leaders Fund (PLAT)
(formerly, WisdomTree Modern Tech Platforms Fund)
Sector Breakdown†
| Sector | % of Net Assets | |||
Communication Services | 32.9% | |||
Information Technology | 28.6% | |||
Consumer Discretionary | 19.8% | |||
Industrials | 8.2% | |||
Financials | 7.7% | |||
Real Estate | 1.5% | |||
Health Care | 1.2% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Alphabet, Inc., Class A | 9.3% | |||
Microsoft Corp. | 8.0% | |||
Amazon.com, Inc. | 7.0% | |||
Facebook, Inc., Class A | 6.8% | |||
Visa, Inc., Class A | 3.9% | |||
PayPal Holdings, Inc. | 3.1% | |||
MasterCard, Inc., Class A | 3.0% | |||
Pinterest, Inc., Class A | 2.8% | |||
Appian Corp. | 2.5% | |||
Snap, Inc., Class A | 2.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Growth Leaders Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Growth Leaders Index (the “Index”). In seeking to track the Index, the Fund invests in high growth mid- and large- cap companies that are generating substantial revenue from a modern platform business. Prior to August 1, 2020, Fund performance reflects the investment objective of the Fund when it was the WisdomTree Modern Tech Platforms Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree Modern Tech Platforms Index (the “Former Index”). In seeking to track the Former Index, the Fund invested in mid- and large- cap companies that are generating substantial revenue from a modern platform business. A modern platform business is a multi-sided business model focused on creating value by facilitating interactions between two or more interdependent groups through technology. 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 90.18% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). Platform-oriented companies benefited during the COVID-19 pandemic and subsequent recovery as the global economy pivoted to remote forms of entertainment, communication, and work. These changing trends and paradigm shifts inspired enthusiasm in platform-based businesses as investment opportunities, and the Fund benefited accordingly. The Fund’s positions in the Communication Services and Consumer Discretionary sectors contributed to performance the most, whereas its position in the Financials sector detracted. The Fund’s relative underweight in the United States, coupled with strong stock selection, added the most to performance, whereas its positions in platform companies based in Germany and the United Kingdom weighed negatively on performance.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,213.80 | 0.20 | %1 | $ | 1.10 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.93 | 0.20 | %1 | $ | 1.01 | ||||||||
| 1 | Prior to August 1, 2020, the Fund’s expense ratio was 0.45% per annum and, thereafter, was reduced to 0.20% per annum. |
Performance
| Average Annual Total Return | ||||||||
| 1 Year | Since Inception1 | |||||||
Fund NAV Returns | 90.18 | % | 36.89 | % | ||||
Fund Market Price Returns | 91.47 | % | 37.30 | % | ||||
WisdomTree Growth Leaders Index2 | 91.49 | % | 37.58 | % | ||||
MSCI AC World Index | 54.60 | % | 18.59 | % | ||||
S&P 500® Index | 56.35 | % | 21.61 | % | ||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 22, 2019. |
| 2 | Prior to August 1, 2020, the WisdomTree Growth Leaders Index was named the WisdomTree Modern Tech Platforms Index. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | �� | 13 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree India Earnings Fund (EPI)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 27.5% | |||
Information Technology | 17.8% | |||
Materials | 13.6% | |||
Energy | 10.5% | |||
Utilities | 8.8% | |||
Industrials | 7.3% | |||
Consumer Discretionary | 5.9% | |||
Consumer Staples | 4.6% | |||
Health Care | 4.2% | |||
Communication Services | 0.9% | |||
Real Estate | 0.4% | |||
Investment Company | 0.0% | * | ||
Other Assets less Liabilities‡ | -1.5% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
| * | Represents less than 0.1%. |
Top Ten Holdings*
| Description | % of Net Assets | |||
Housing Development Finance Corp., Ltd. | 8.4% | |||
Infosys Ltd. | 7.4% | |||
Reliance Industries Ltd. | 5.7% | |||
Tata Consultancy Services Ltd. | 4.0% | |||
ICICI Bank Ltd. | 3.1% | |||
Larsen & Toubro Ltd. | 2.4% | |||
HCL Technologies Ltd. | 2.2% | |||
Power Grid Corp. of India Ltd. | 2.0% | |||
State Bank of India | 2.0% | |||
NTPC Ltd. | 2.0% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree India Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index (the “Index”). In seeking to track the Index, the Fund invests in profitable companies in the Indian equity market. 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 95.10% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in the Financials and Consumer Staples sectors, which were both a result of allocation and stock selection. The only significant sector detractor was within Consumer Discretionary, primarily due to stock selection. In terms of price-to-earnings (“P/E”) quintiles, since earnings are a core component of the Fund’s investment strategy, all quintiles were additive for performance, led by the two highest P/E quintiles. Despite its population size and density, India generally was not as badly affected by the COVID-19 pandemic in 2020 as many other areas of the world were. Its economy was supported early during the pandemic by expansionary monetary and fiscal policies, and it never went into a full lockdown like many other areas of the world. This quelled some of the adverse economic impacts of the virus and helped its cyclical sectors (such as Financials) remain on better footing as it navigated the pandemic.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,342.80 | 0.83 | % | $ | 4.85 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,020.79 | 0.83 | % | $ | 4.18 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 95.10 | % | 7.66 | % | 11.18 | % | 3.37 | % | ||||||||
Fund Market Price Returns | 97.40 | % | 7.57 | % | 11.31 | % | 3.51 | % | ||||||||
WisdomTree India Earnings Index | 101.47 | % | 8.90 | % | 12.65 | % | 4.72 | % | ||||||||
MSCI India Index | 76.35 | % | 9.19 | % | 11.18 | % | 4.45 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 14 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree India ex-State-Owned Enterprises Fund (IXSE)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 29.4% | |||
Information Technology | 13.8% | |||
Materials | 13.6% | |||
Consumer Discretionary | 11.3% | |||
Consumer Staples | 10.7% | |||
Energy | 8.0% | |||
Health Care | 7.7% | |||
Communication Services | 4.2% | |||
Industrials | 2.5% | |||
Real Estate | 0.9% | |||
Utilities | 0.7% | |||
Other Assets less Liabilities‡ | -2.8% | |||
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 less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Infosys Ltd. | 9.2% | |||
Housing Development Finance Corp., Ltd. | 8.1% | |||
Reliance Industries Ltd. | 8.0% | |||
ICICI Bank Ltd. | 5.3% | |||
Hindustan Unilever Ltd. | 4.3% | |||
Kotak Mahindra Bank Ltd. | 3.7% | |||
Axis Bank Ltd. | 2.9% | |||
Bajaj Finance Ltd. | 2.7% | |||
Bharti Airtel Ltd. | 2.6% | |||
Asian Paints Ltd. | 2.3% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree India ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Indian companies that are not state-owned, which is defined as government ownership greater than 20%. 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 72.25% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s overweight positions in the Financials and Information Technology sectors, and underweight position in the Energy sector added the most to performance, while its position in the Real Estate sector contributed most negatively to performance. A key driver of positive performance and attribution was excluding state-owned-enterprises. Despite its population size and density, India generally was not as badly affected by the COVID-19 pandemic in 2020 as many other areas of the world were. Its economy was supported early during the pandemic by expansionary monetary and fiscal policies, and it never went into a full lockdown like many other areas of the world. This quelled some of the adverse economic impacts of the virus and helped its cyclical sectors (such as Financials) remain on better footing as it navigated the pandemic.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,249.90 | 0.58 | % | $ | 3.25 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||
| 1 Year | Since Inception1 | |||||||
Fund NAV Returns | 72.25 | % | 11.01 | % | ||||
Fund Market Price Returns | 73.74 | % | 10.80 | % | ||||
WisdomTree India ex-State-Owned Enterprises Index | 84.16 | % | 15.24 | % | ||||
MSCI India Index | 76.35 | % | 10.40 | % | ||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 4, 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 | 15 |
Table of Contents
Description of Terms and Indexes (unaudited)
Below are descriptions of certain terms and of each Index referenced in this report:
Correlation is a statistical measure of how two sets of returns move in relation to each other. Correlation coefficients range from -1 to 1. A correlation of 1 means the two subjects of analysis move in lockstep with each other. A correlation of -1 means the two
subjects of analysis have moved in exactly the opposite direction.
The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.
Factors generally are attributes that are based on its fundamentals or share price behavior.
The FTSE China 50 Index is a capitalization weighted index that is comprised of the 50 largest and most liquid Chinese securities.
Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a country’s economic health.
Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.
Modern platform business/company is a multi-sided business model focused on creating value by facilitating interactions between two or more interdependent groups through technology.
Momentum is generally characterized by assets with recent price increase trends over time. This term is also associated with the momentum factor which associates these stock characteristics with excess return vs. the market over time.
The MSCI AC World ex-USA Growth Index is comprised of growth stocks in the developed and emerging markets covered by MSCI, excluding the U.S.
The MSCI AC World ex-USA Index is a free float-adjusted market capitalization-weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the U.S.
The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.
The MSCI China Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the Chinese equity market.
The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance.
The MSCI Emerging Markets Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.
The MSCI India Index is a free float-adjusted market capitalization index that is designed to measure the performance of the Indian equity market.
Price-to-Earnings refers to a company’s share price divided by its earnings per share. Lower numbers indicate an ability to access greater amounts of earnings per dollar invested. A higher number indicates that a company’s stock may be over-valued.
Quintiles refers to separating a universe of companies into five groups of equal size on the basis of dividend yield, price-to-earnings, or return-on-equity, as applicable.
Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.
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Table of Contents
Description of Terms and Indexes (unaudited) (continued)
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 WisdomTree China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the Financials sector.
The WisdomTree China ex-State-Owned Enterprises Index measures the performance of Chinese stocks that are not state-owned enterprises. WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.
The WisdomTree Emerging Markets ex-State-Owned Enterprises Index is a modified market capitalization weighted index that consists of common stocks in emerging markets, excluding common stocks of “state-owned enterprises.” WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.
The WisdomTree Emerging Markets High Dividend Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.
The WisdomTree Emerging Markets SmallCap Dividend Index is comprised of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.
The WisdomTree Global ex-U.S. Quality Dividend Growth Index is comprised of growth companies selected from developed and emerging markets outside the U.S.
The WisdomTree Global ex-U.S. Real Estate Index is comprised of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.
The WisdomTree Global High Dividend Index is comprised of high dividend-paying companies selected from the WisdomTree Global Dividend Index.
The WisdomTree Growth Leaders Index is a modified market capitalization-weighted index that is designed to provide exposure to mid and large-cap companies that are leveraging platform-based business models with high revenue growth.
The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.
The WisdomTree India ex-State-Owned Enterprises Index measures the performance of Indian stocks that are not state-owned enterprises. State-owned enterprises are defined as government ownership of more than 20% of outstanding shares of companies.
The WisdomTree International Real Estate Index is comprised of companies in developed markets outside of the U.S. and Canada that pay regular cash dividends and that WisdomTree Investments classifies as being part of the International Real Estate sector.
The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making
| WisdomTree Trust | 17 |
Table of Contents
Description of Terms and Indexes (unaudited) (concluded)
or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
* * * * * *
Abbreviations used in the schedules of investments and related tables included in this report are as follows:
| CURRENCY ABBREVIATIONS: | ||||||||||||||
| AUD | Australian dollar | HKD | Hong Kong dollar | SEK | Swedish krona | |||||||||
| BRL | Brazilian real | HUF | Hungary forint | THB | Thai baht | |||||||||
| CAD | Canadian dollar | KRW | South Korean won | TRY | Turkish new lira | |||||||||
| CHF | Swiss franc | PHP | Philippine peso | USD | U.S. dollar | |||||||||
| CNY | Chinese yuan | PLN | Polish zloty | 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 | |||||||||||||
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Table of Contents
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 100.2% | ||||||||
| China – 100.2% | ||||||||
| Air Freight & Logistics – 1.5% | ||||||||
SF Holding Co., Ltd., Class A | 333,700 | $ | 4,124,542 | |||||
ZTO Express Cayman, Inc. ADR | 318,996 | 9,298,733 | ||||||
|
| |||||||
| Total Air Freight & Logistics | 13,423,275 | |||||||
| Auto Components – 0.6% | ||||||||
Fuyao Glass Industry Group Co., Ltd., Class A | 393,767 | 2,768,083 | ||||||
Fuyao Glass Industry Group Co., Ltd., Class H(a) | 175,200 | 1,042,260 | ||||||
Minth Group Ltd. | 236,000 | 983,530 | ||||||
Tianneng Power International Ltd.(b) | 268,000 | 506,047 | ||||||
|
| |||||||
| Total Auto Components | 5,299,920 | |||||||
| Automobiles – 4.0% | ||||||||
BYD Co., Ltd., Class A | 184,488 | 4,630,072 | ||||||
BYD Co., Ltd., Class H | 267,500 | 5,673,810 | ||||||
Geely Automobile Holdings Ltd. | 2,195,000 | 5,584,588 | ||||||
Great Wall Motor Co., Ltd., Class H | 1,101,500 | 3,053,248 | ||||||
NIO, Inc. ADR* | 436,115 | 16,999,763 | ||||||
Yadea Group Holdings Ltd.(a) | 240,000 | 532,822 | ||||||
|
| |||||||
| Total Automobiles | 36,474,303 | |||||||
| Banks – 1.7% | ||||||||
China Minsheng Banking Corp., Ltd., Class A | 8,981,436 | 6,919,336 | ||||||
China Minsheng Banking Corp., Ltd., Class H | 1,782,100 | 1,033,806 | ||||||
Ping An Bank Co., Ltd., Class A | 2,152,100 | 7,226,197 | ||||||
|
| |||||||
| Total Banks | 15,179,339 | |||||||
| Biotechnology – 2.5% | ||||||||
BeiGene Ltd.*(b) | 231,600 | 5,993,725 | ||||||
China Biologic Products Holdings, Inc.*(b) | 7,929 | 938,873 | ||||||
Chongqing Zhifei Biological Products Co., Ltd., Class A | 136,500 | 3,591,897 | ||||||
Hualan Biological Engineering, Inc., Class A | 271,025 | 1,643,515 | ||||||
Innovent Biologics, Inc.*(a) | 356,000 | 3,610,622 | ||||||
Shenzhen Kangtai Biological Products Co., Ltd., Class A | 26,000 | 543,323 | ||||||
Walvax Biotechnology Co., Ltd., Class A | 364,900 | 2,515,611 | ||||||
Zai Lab Ltd. ADR* | 32,574 | 4,346,349 | ||||||
|
| |||||||
| Total Biotechnology | 23,183,915 | |||||||
| Building Products – 0.5% | ||||||||
China Lesso Group Holdings Ltd. | 524,000 | 1,126,932 | ||||||
Xinyi Glass Holdings Ltd. | 1,160,000 | 3,789,850 | ||||||
|
| |||||||
| Total Building Products | 4,916,782 | |||||||
| Capital Markets – 1.0% | ||||||||
East Money Information Co., Ltd., Class A | 1,624,262 | 6,754,749 | ||||||
Futu Holdings Ltd. ADR*(b) | 17,574 | 2,791,103 | ||||||
|
| |||||||
| Total Capital Markets | 9,545,852 | |||||||
| Commercial Services & Supplies – 1.0% | ||||||||
A-Living Smart City Services Co., Ltd., Class H(a)(b) | 258,000 | 1,144,904 | ||||||
Country Garden Services Holdings Co., Ltd. | 684,000 | 6,932,863 | ||||||
Greentown Service Group Co., Ltd.(b) | 1,002,000 | 1,523,406 | ||||||
|
| |||||||
| Total Commercial Services & Supplies | 9,601,173 | |||||||
| Communications Equipment – 0.3% | ||||||||
BYD Electronic International Co., Ltd.(b) | 295,000 | 1,722,694 | ||||||
Shenzhen Sunway Communication Co., Ltd., Class A | 138,200 | 598,551 | ||||||
|
| |||||||
| Total Communications Equipment | 2,321,245 | |||||||
| Construction & Engineering – 0.4% | ||||||||
China Conch Venture Holdings Ltd. | 829,363 | 3,899,082 | ||||||
| Construction Materials – 0.3% | ||||||||
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A | 342,300 | 2,671,559 | ||||||
| Diversified Consumer Services – 1.9% | ||||||||
Fu Shou Yuan International Group Ltd. | 628,000 | 643,796 | ||||||
Koolearn Technology Holding Ltd.*(a)(b) | 212,000 | 482,658 | ||||||
New Oriental Education & Technology Group, Inc. ADR* | 554,241 | 7,759,374 | ||||||
TAL Education Group ADR* | 161,972 | 8,722,192 | ||||||
|
| |||||||
| Total Diversified Consumer Services | 17,608,020 | |||||||
| Electrical Equipment – 1.8% | ||||||||
Contemporary Amperex Technology Co., Ltd., Class A | 261,359 | 12,845,466 | ||||||
Eve Energy Co., Ltd., Class A | 285,900 | 3,277,709 | ||||||
|
| |||||||
| Total Electrical Equipment | 16,123,175 | |||||||
| Electronic Equipment, Instruments & Components – 2.2% |
| |||||||
GoerTek, Inc., Class A | 630,700 | 2,612,282 | ||||||
Kingboard Holdings Ltd. | 325,000 | 1,755,751 | ||||||
Lens Technology Co., Ltd., Class A | 216,900 | 864,622 | ||||||
Luxshare Precision Industry Co., Ltd., Class A | 1,093,276 | 5,642,338 | ||||||
Sunny Optical Technology Group Co., Ltd. | 328,300 | 7,482,814 | ||||||
Wingtech Technology Co., Ltd., Class A | 136,500 | 2,040,732 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 20,398,539 | ||||||
| Energy Equipment & Services – 0.0% | ||||||||
China Common Rich Renewable Energy Investments Ltd.*†(b) | 502,000 | 0 | ||||||
| Entertainment – 4.3% | ||||||||
Alibaba Pictures Group Ltd.*(b) | 8,370,000 | 1,087,370 | ||||||
Bilibili, Inc. ADR* | 74,476 | 7,973,401 | ||||||
DouYu International Holdings Ltd. ADR* | 52,825 | 549,908 | ||||||
HUYA, Inc. ADR*(b) | 45,473 | 885,814 | ||||||
iQIYI, Inc. ADR*(b) | 155,449 | 2,583,562 | ||||||
NetEase, Inc. ADR | 203,989 | 21,063,904 | ||||||
Tencent Music Entertainment Group ADR* | 216,419 | 4,434,425 | ||||||
Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A | 206,500 | 691,799 | ||||||
|
| |||||||
| Total Entertainment | 39,270,183 | |||||||
| Food & Staples Retailing – 0.1% | ||||||||
Sun Art Retail Group Ltd.(b) | 1,108,500 | 906,824 | ||||||
| Food Products – 4.9% | ||||||||
China Feihe Ltd.(a) | 1,289,000 | 3,647,589 | ||||||
Dali Foods Group Co., Ltd.(a) | 513,500 | 291,940 | ||||||
Foshan Haitian Flavouring & Food Co., Ltd., Class A | 233,655 | 5,696,120 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 19 |
Table of Contents
Schedule of Investments (continued)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
March 31, 2021
| Investments | Shares | Value | ||||||
Guangdong Haid Group Co., Ltd., Class A | 175,203 | $ | 2,084,795 | |||||
Henan Shuanghui Investment & Development Co., Ltd., Class A | 236,300 | 1,478,001 | ||||||
Inner Mongolia Yili Industrial Group Co., Ltd., Class A | 1,297,500 | 7,923,558 | ||||||
Muyuan Foods Co., Ltd., Class A | 357,910 | 5,461,745 | ||||||
New Hope Liuhe Co., Ltd., Class A | 522,500 | 1,594,203 | ||||||
Tingyi Cayman Islands Holding Corp. | 1,014,000 | 1,862,501 | ||||||
Tongwei Co., Ltd., Class A | 555,858 | 2,776,322 | ||||||
Uni-President China Holdings Ltd. | 647,000 | 787,274 | ||||||
Want Want China Holdings Ltd. | 3,384,000 | 2,537,635 | ||||||
Wens Foodstuffs Group Co., Ltd., Class A | 1,330,200 | 3,433,560 | ||||||
WH Group Ltd.(a) | 4,568,500 | 3,702,069 | ||||||
Yihai International Holding Ltd.*(b) | 185,000 | 1,915,570 | ||||||
|
| |||||||
| Total Food Products | 45,192,882 | |||||||
| Gas Utilities – 0.7% | ||||||||
ENN Energy Holdings Ltd. | 387,500 | 6,215,391 | ||||||
| Health Care Equipment & Supplies – 1.3% | ||||||||
AK Medical Holdings Ltd.(a)(b) | 212,000 | 269,961 | ||||||
Microport Scientific Corp.(b) | 264,000 | 1,485,636 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd., Class H | 1,068,000 | 2,107,303 | ||||||
Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A | 109,774 | 6,683,738 | ||||||
Venus MedTech Hangzhou, Inc., Class H*(a) | 114,500 | 928,583 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies | 11,475,221 | |||||||
| Health Care Providers & Services – 1.5% | ||||||||
Aier Eye Hospital Group Co., Ltd., Class A | 446,742 | 4,038,057 | ||||||
China Evergrande New Energy Vehicle Group Ltd.*(b) | 962,500 | 7,155,812 | ||||||
Jinxin Fertility Group Ltd.(a) | 420,000 | 903,266 | ||||||
Topchoice Medical Corp., Class A* | 50,400 | 1,926,041 | ||||||
|
| |||||||
| Total Health Care Providers & Services | 14,023,176 | |||||||
| Health Care Technology – 0.2% | ||||||||
Ping An Healthcare and Technology Co., Ltd.*(a)(b) | 162,000 | 2,031,655 | ||||||
| Hotels, Restaurants & Leisure – 1.9% | ||||||||
Haidilao International Holding Ltd.(a)(b) | 390,000 | 2,666,234 | ||||||
Huazhu Group Ltd. ADR*(b) | 60,350 | 3,313,215 | ||||||
Jiumaojiu International Holdings Ltd.*(a)(b) | 145,000 | 580,041 | ||||||
MGM China Holdings Ltd.(b) | 240,800 | 427,431 | ||||||
Yum China Holdings, Inc. | 174,388 | 10,325,513 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure | 17,312,434 | |||||||
| Household Durables – 1.9% | ||||||||
Gree Electric Appliances, Inc. of Zhuhai, Class A | 943,700 | 9,026,696 | ||||||
Haier Smart Home Co., Ltd., Class A | 863,600 | 4,107,864 | ||||||
TCL Technology Group Corp., Class A | 2,726,600 | 3,885,041 | ||||||
|
| |||||||
| Total Household Durables | 17,019,601 | |||||||
| Industrial Conglomerates – 0.2% | ||||||||
Fosun International Ltd. | 1,180,000 | 1,651,358 | ||||||
| Insurance – 6.8% | ||||||||
Ping An Insurance Group Co. of China Ltd., Class A | 2,326,594 | 27,933,325 | ||||||
Ping An Insurance Group Co. of China Ltd., Class H | 2,726,000 | 32,451,338 | ||||||
ZhongAn Online P&C Insurance Co., Ltd., Class H*(a)(b) | 235,600 | 1,421,276 | ||||||
|
| |||||||
| Total Insurance | 61,805,939 | |||||||
| Interactive Media & Services – 16.4% | ||||||||
Autohome, Inc. ADR(b) | 28,261 | 2,635,903 | ||||||
Baidu, Inc. ADR* | 126,329 | 27,482,874 | ||||||
JOYY, Inc. ADR | 28,722 | 2,692,113 | ||||||
Tencent Holdings Ltd. | 1,472,700 | 115,551,197 | ||||||
Weibo Corp. ADR*(b) | 27,450 | 1,385,127 | ||||||
|
| |||||||
| Total Interactive Media & Services | 149,747,214 | |||||||
| Internet & Direct Marketing Retail – 20.0% | ||||||||
Alibaba Group Holding Ltd.* | 2,455,300 | 69,479,642 | ||||||
Baozun, Inc. ADR*(b) | 18,598 | 709,328 | ||||||
JD.com, Inc. ADR* | 362,935 | 30,606,308 | ||||||
Meituan, Class B*(a) | 1,342,300 | 51,485,810 | ||||||
Pinduoduo, Inc. ADR* | 132,894 | 17,791,849 | ||||||
Tongcheng-Elong Holdings Ltd.*(b) | 432,800 | 976,444 | ||||||
Trip.com Group Ltd. ADR* | 197,709 | 7,835,208 | ||||||
Vipshop Holdings Ltd. ADR* | 146,089 | 4,362,217 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail | 183,246,806 | |||||||
| IT Services – 0.6% | ||||||||
Chinasoft International Ltd.* | 1,018,000 | 1,094,673 | ||||||
GDS Holdings Ltd. ADR* | 54,675 | 4,433,596 | ||||||
|
| |||||||
| Total IT Services | 5,528,269 | |||||||
| Life Sciences Tools & Services – 3.5% | ||||||||
Genscript Biotech Corp.* | 494,000 | 869,247 | ||||||
Hangzhou Tigermed Consulting Co., Ltd., Class A | 116,167 | 2,660,233 | ||||||
Pharmaron Beijing Co., Ltd., Class H(a) | 56,600 | 1,069,470 | ||||||
WuXi AppTec Co., Ltd., Class A | 274,540 | 5,871,931 | ||||||
WuXi AppTec Co., Ltd., Class H(a) | 176,080 | 3,462,963 | ||||||
Wuxi Biologics Cayman, Inc.*(a) | 1,454,500 | 18,212,938 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services | 32,146,782 | |||||||
| Machinery – 1.3% | ||||||||
Haitian International Holdings Ltd. | 184,000 | 733,685 | ||||||
Sany Heavy Industry Co., Ltd., Class A | 1,484,848 | 7,735,707 | ||||||
Shenzhen Inovance Technology Co., Ltd., Class A | 284,100 | 3,706,086 | ||||||
|
| |||||||
| Total Machinery | 12,175,478 | |||||||
| Marine – 0.2% | ||||||||
SITC International Holdings Co., Ltd. | 595,000 | 2,016,638 | ||||||
| Media – 0.6% | ||||||||
China Literature Ltd.*(a)(b) | 162,800 | 1,611,363 | ||||||
Focus Media Information Technology Co., Ltd., Class A | 2,454,024 | 3,474,194 | ||||||
|
| |||||||
| Total Media | 5,085,557 | |||||||
See Notes to Financial Statements.
| 20 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
March 31, 2021
| Investments | Shares | Value | ||||||
| Metals & Mining – 0.1% | ||||||||
China Hongqiao Group Ltd. | 808,500 | $ | 1,079,463 | |||||
| Oil, Gas & Consumable Fuels – 0.1% | ||||||||
United Energy Group Ltd.*(b) | 3,550,000 | 684,936 | ||||||
| Paper & Forest Products – 0.2% | ||||||||
Nine Dragons Paper Holdings Ltd. | 1,010,000 | 1,478,407 | ||||||
| Personal Products – 0.2% | ||||||||
Hengan International Group Co., Ltd. | 317,500 | 2,086,868 | ||||||
| Pharmaceuticals – 3.2% | ||||||||
China Medical System Holdings Ltd. | 640,000 | 1,266,096 | ||||||
CSPC Pharmaceutical Group Ltd. | 4,399,520 | 5,319,410 | ||||||
Hansoh Pharmaceutical Group Co., Ltd.*(a) | 466,000 | 2,232,763 | ||||||
Jiangsu Hengrui Medicine Co., Ltd., Class A | 860,057 | 12,082,784 | ||||||
Luye Pharma Group Ltd.(a)(b) | 896,607 | 573,177 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd., Class A | 262,904 | 1,595,873 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H(b) | 231,500 | 987,109 | ||||||
Sino Biopharmaceutical Ltd. | 5,585,250 | 5,589,237 | ||||||
|
| |||||||
| Total Pharmaceuticals | 29,646,449 | |||||||
| Professional Services – 0.1% | ||||||||
51job, Inc. ADR* | 14,659 | 917,653 | ||||||
| Real Estate Management & Development – 4.0% |
| |||||||
Agile Group Holdings Ltd. | 900,000 | 1,474,831 | ||||||
China Aoyuan Group Ltd. | 588,000 | 631,530 | ||||||
China Evergrande Group(b) | 1,136,000 | 2,162,571 | ||||||
CIFI Holdings Group Co., Ltd. | 2,134,000 | 2,069,646 | ||||||
Country Garden Holdings Co., Ltd.(b) | 3,476,136 | 4,462,288 | ||||||
Gemdale Corp., Class A | 1,158,400 | 2,122,408 | ||||||
Guangzhou R&F Properties Co., Ltd., Class H(b) | 1,875,600 | 2,475,243 | ||||||
Hopson Development Holdings Ltd. | 214,000 | 770,730 | ||||||
Kaisa Group Holdings Ltd.*(b) | 1,068,000 | 527,513 | ||||||
KWG Group Holdings Ltd. | 624,000 | 1,067,497 | ||||||
KWG Living Group Holdings Ltd.* | 425,000 | 431,863 | ||||||
Logan Group Co., Ltd. | 517,000 | 871,149 | ||||||
Longfor Group Holdings Ltd.(a) | 820,000 | 5,431,896 | ||||||
Powerlong Real Estate Holdings Ltd. | 635,000 | 632,186 | ||||||
Seazen Group Ltd.* | 1,056,000 | 1,297,172 | ||||||
Shimao Group Holdings Ltd. | 611,500 | 1,923,117 | ||||||
Sunac China Holdings Ltd. | 1,229,000 | 5,272,032 | ||||||
Sunac Services Holdings Ltd.*(a) | 368,819 | 1,162,277 | ||||||
Times China Holdings Ltd. | 502,000 | 690,904 | ||||||
Zhenro Properties Group Ltd.(b) | 1,111,600 | 787,826 | ||||||
|
| |||||||
| Total Real Estate Management & Development | 36,264,679 | |||||||
| Semiconductors & Semiconductor Equipment – 1.7% |
| |||||||
Daqo New Energy Corp. ADR*(b) | 14,052 | 1,060,926 | ||||||
Gigadevice Semiconductor Beijing, Inc., Class A | 93,080 | 2,426,470 | ||||||
JinkoSolar Holding Co., Ltd. ADR*(b) | 12,299 | 512,745 | ||||||
LONGi Green Energy Technology Co., Ltd., Class A | 650,352 | 8,730,889 | ||||||
Xinyi Solar Holdings Ltd. | 2,001,588 | 3,290,303 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 16,021,333 | ||||||
| Software – 1.8% | ||||||||
Glodon Co., Ltd., Class A | 231,475 | 2,344,413 | ||||||
Hundsun Technologies, Inc., Class A | 238,063 | 3,050,693 | ||||||
Kingdee International Software Group Co., Ltd.*(b) | 1,080,000 | 3,347,889 | ||||||
Kingsoft Corp., Ltd.(b) | 468,000 | 3,106,175 | ||||||
Weimob, Inc.*(a)(b) | 691,000 | 1,544,750 | ||||||
Yonyou Network Technology Co., Ltd., Class A | 515,413 | 2,807,841 | ||||||
|
| |||||||
| Total Software | 16,201,761 | |||||||
| Specialty Retail – 0.6% | ||||||||
China Meidong Auto Holdings Ltd. | 176,000 | 816,109 | ||||||
China Yongda Automobiles Services Holdings Ltd. | 577,500 | 1,054,802 | ||||||
GOME Retail Holdings Ltd.*(b) | 4,543,000 | 841,464 | ||||||
Topsports International Holdings Ltd.(a) | 548,000 | 816,243 | ||||||
Zhongsheng Group Holdings Ltd.(b) | 269,100 | 1,896,813 | ||||||
|
| |||||||
| Total Specialty Retail | 5,425,431 | |||||||
| Textiles, Apparel & Luxury Goods – 2.1% |
| |||||||
ANTA Sports Products Ltd. | 411,000 | 6,703,343 | ||||||
Li Ning Co., Ltd. | 851,500 | 5,531,034 | ||||||
Shenzhou International Group Holdings Ltd. | 326,900 | 6,773,931 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods | 19,008,308 | |||||||
TOTAL COMMON STOCKS (Cost: $808,814,587) | 916,312,875 | |||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.2% |
| |||||||
| United States – 2.2% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $20,433,389) | 20,433,389 | 20,433,389 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 102.4% (Cost: $829,247,976) |
| 936,746,264 | ||||||
Other Assets less Liabilities – (2.4)% |
| (22,053,942 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 914,692,322 | |||||
| * | Non-income producing security. |
| † | Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets. |
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $49,348,565. The Fund also had securities on loan having a total market value of $2,574,450 that were sold and pending settlement. The total market value of the collateral held by the Fund was $54,694,242. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $34,260,853. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
See Notes to Financial Statements.
| WisdomTree Trust | 21 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
March 31, 2021
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 299,522 | CNY | 45,575 | USD | $ | 118 | $ | — | |||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 17,465,295 | CNY | 2,663,460 | USD | 964 | — | |||||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 60,002,911 | HKD | 7,718,442 | USD | — | (480 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 46,375,727 | HKD | 5,965,317 | USD | — | (171 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/1/2021 | 5,952,323 | CNY | 907,228 | USD | 830 | — | |||||||||||||||||||||
UBS AG | 4/1/2021 | 20,661,000 | CNY | 3,149,234 | USD | 2,711 | — | |||||||||||||||||||||
| $ | 4,623 | $ | (651 | ) | ||||||||||||||||||||||||
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | ||||||||||||||||
Energy Equipment & Services | $ | — | $ | — | $ | 0 | * | $ | 0 | |||||||
Other | 916,312,875 | — | — | 916,312,875 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 20,433,389 | — | 20,433,389 | ||||||||||||
Total Investments in Securities | $ | 916,312,875 | $ | 20,433,389 | $ | 0 | $ | 936,746,264 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 4,623 | $ | — | $ | 4,623 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (651 | ) | $ | — | $ | (651 | ) | ||||||
Total – Net | $ | 916,312,875 | $ | 20,437,361 | $ | 0 | $ | 936,750,236 | ||||||||
| * | 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.
| 22 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 100.0% | ||||||||
| Australia – 0.2% | ||||||||
Lynas Rare Earths Ltd.*(a) | 1,776,385 | $ | 8,347,909 | |||||
| Brazil – 3.4% | ||||||||
Ambev S.A. | 4,345,541 | 11,774,468 | ||||||
Atacadao S.A. | 587,100 | 2,415,818 | ||||||
B3 S.A. – Brasil Bolsa Balcao | 2,537,856 | 24,564,539 | ||||||
Banco Inter S.A. UNIT | 150,748 | 4,186,376 | ||||||
BR Malls Participacoes S.A.* | 1,914,045 | 3,432,595 | ||||||
BRF S.A.* | 1,031,558 | 4,610,295 | ||||||
CCR S.A. | 1,179,757 | 2,701,127 | ||||||
Cia Brasileira de Distribuicao | 182,647 | 1,073,937 | ||||||
Cia de Locacao das Americas | 266,738 | 1,171,322 | ||||||
Cia Siderurgica Nacional S.A. | 866,083 | 5,816,861 | ||||||
Cosan S.A. | 235,790 | 3,819,940 | ||||||
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes | 74,742 | 326,491 | ||||||
Eneva S.A.* | 1,730,530 | 5,121,363 | ||||||
Hapvida Participacoes e Investimentos S.A.(b) | 598,451 | 1,578,053 | ||||||
Hypera S.A. | 73,458 | 416,952 | ||||||
IRB Brasil Resseguros S.A. | 1,084,127 | 1,177,689 | ||||||
Localiza Rent a Car S.A. | 652,380 | 6,905,309 | ||||||
Lojas Americanas S.A. | 915,867 | 3,375,870 | ||||||
Lojas Renner S.A. | 821,792 | 6,202,396 | ||||||
Magazine Luiza S.A. | 2,814,571 | 10,095,147 | ||||||
Natura & Co. Holding S.A.* | 895,761 | 7,641,668 | ||||||
Notre Dame Intermedica Participacoes S.A. | 499,526 | 7,329,568 | ||||||
Petrobras Distribuidora S.A. | 796,497 | 3,116,543 | ||||||
Qualicorp Consultoria e Corretora de Seguros S.A. | 398,917 | 2,145,513 | ||||||
Raia Drogasil S.A. | 1,417,604 | 6,295,438 | ||||||
Rumo S.A.* | 1,232,859 | 4,424,135 | ||||||
Sendas Distribuidora S.A.* | 182,647 | 2,389,980 | ||||||
Sul America S.A. | 363,056 | 2,198,409 | ||||||
Suzano S.A.* | 544,902 | 6,619,357 | ||||||
TOTVS S.A. | 409,300 | 2,098,361 | ||||||
Ultrapar Participacoes S.A. | 840,520 | 3,159,211 | ||||||
WEG S.A. | 956,128 | 12,633,157 | ||||||
YDUQS Participacoes S.A. | 288,408 | 1,365,121 | ||||||
|
| |||||||
| Total Brazil | 162,183,009 | |||||||
| Chile – 0.5% | ||||||||
Banco de Chile | 50,569,538 | 5,978,384 | ||||||
Banco Santander Chile | 83,258,150 | 5,215,224 | ||||||
Cencosud S.A. | 504,732 | 1,082,040 | ||||||
Empresas CMPC S.A. | 592,397 | 1,907,314 | ||||||
Empresas COPEC S.A. | 226,822 | 2,809,385 | ||||||
Enel Americas S.A. | 10,819,971 | 1,808,851 | ||||||
Enel Chile S.A.* | 67,160,698 | 5,242,722 | ||||||
Falabella S.A. | 273,857 | 1,247,300 | ||||||
|
| |||||||
| Total Chile | 25,291,220 | |||||||
| China – 36.4% | ||||||||
51job, Inc. ADR* | 24,285 | 1,520,241 | ||||||
A-Living Smart City Services Co., Ltd., Class H(b) | 290,250 | 1,288,017 | ||||||
AAC Technologies Holdings, Inc.(a) | 532,500 | $ | 2,681,524 | |||||
Aier Eye Hospital Group Co., Ltd., Class A | 393,100 | 3,553,192 | ||||||
AK Medical Holdings Ltd.(a)(b) | 140,000 | 178,276 | ||||||
Alibaba Group Holding Ltd.* | 10,987,932 | 310,934,541 | ||||||
Alibaba Pictures Group Ltd.* | 21,840,000 | 2,837,294 | ||||||
ANTA Sports Products Ltd. | 1,091,000 | 17,794,030 | ||||||
Autohome, Inc. ADR | 143,919 | 13,423,325 | ||||||
Baidu, Inc. ADR* | 221,361 | 48,157,086 | ||||||
BeiGene Ltd.* | 365,400 | 9,456,422 | ||||||
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A | 136,167 | 1,062,747 | ||||||
Bilibili, Inc. ADR* | 110,776 | 11,859,679 | ||||||
BYD Co., Ltd., Class A | 69,500 | 1,744,233 | ||||||
BYD Co., Ltd., Class H | 610,000 | 12,938,407 | ||||||
BYD Electronic International Co., Ltd.(a) | 437,000 | 2,551,923 | ||||||
China Common Rich Renewable Energy Investments Ltd.*† | 102,000 | 0 | ||||||
China Conch Venture Holdings Ltd. | 1,786,900 | 8,400,748 | ||||||
China Evergrande Group(a) | 2,039,000 | 3,881,586 | ||||||
China Evergrande New Energy Vehicle Group Ltd.*(a) | 1,307,500 | 9,720,752 | ||||||
China Feihe Ltd.(b) | 2,091,000 | 5,917,075 | ||||||
China Lesso Group Holdings Ltd. | 1,079,000 | 2,320,535 | ||||||
China Literature Ltd.*(a)(b) | 216,800 | 2,145,844 | ||||||
China Medical System Holdings Ltd. | 1,316,000 | 2,603,410 | ||||||
China Meidong Auto Holdings Ltd. | 268,000 | 1,242,712 | ||||||
China Minsheng Banking Corp., Ltd., Class A | 10,381,879 | 7,998,244 | ||||||
China Minsheng Banking Corp., Ltd., Class H | 5,702,000 | 3,307,761 | ||||||
China Yongda Automobiles Services Holdings Ltd. | 1,063,500 | 1,942,478 | ||||||
Chongqing Zhifei Biological Products Co., Ltd., Class A | 103,000 | 2,710,369 | ||||||
Contemporary Amperex Technology Co., Ltd., Class A | 364,117 | 17,895,892 | ||||||
Country Garden Holdings Co., Ltd. | 10,110,935 | 12,979,327 | ||||||
Country Garden Services Holdings Co., Ltd. | 1,152,000 | 11,676,402 | ||||||
CSPC Pharmaceutical Group Ltd. | 8,797,920 | 10,637,466 | ||||||
Daqo New Energy Corp. ADR*(a) | 17,725 | 1,338,238 | ||||||
DouYu International Holdings Ltd. ADR* | 42,211 | 439,417 | ||||||
East Money Information Co., Ltd., Class A | 2,088,682 | 8,686,113 | ||||||
ENN Energy Holdings Ltd. | 715,600 | 11,478,024 | ||||||
Eve Energy Co., Ltd., Class A | 147,000 | 1,685,286 | ||||||
Focus Media Information Technology Co., Ltd., Class A | 3,527,300 | 4,993,645 | ||||||
Foshan Haitian Flavouring & Food Co., Ltd., Class A | 257,410 | 6,275,228 | ||||||
Futu Holdings Ltd. ADR* | 18,134 | 2,880,042 | ||||||
Fuyao Glass Industry Group Co., Ltd., Class A | 216,682 | 1,523,220 | ||||||
GDS Holdings Ltd. ADR* | 69,994 | 5,675,813 | ||||||
Geely Automobile Holdings Ltd. | 3,673,000 | 9,344,962 | ||||||
Genscript Biotech Corp.* | 456,000 | 802,382 | ||||||
GoerTek, Inc., Class A | 850,690 | 3,523,453 | ||||||
GOME Retail Holdings Ltd.*(a) | 7,263,000 | 1,345,268 | ||||||
Great Wall Motor Co., Ltd., Class H | 2,438,500 | 6,759,279 | ||||||
Gree Electric Appliances, Inc. of Zhuhai, Class A | 671,200 | 6,420,174 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 23 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2021
| Investments | Shares | Value | ||||||
Greentown Service Group Co., Ltd. | 1,818,000 | $ | 2,764,023 | |||||
Guangzhou R&F Properties Co., Ltd., Class H | 5,621,600 | 7,418,868 | ||||||
Haidilao International Holding Ltd.(a)(b) | 1,377,000 | 9,413,856 | ||||||
Hangzhou Tigermed Consulting Co., Ltd., Class A | 136,400 | 3,123,570 | ||||||
Hansoh Pharmaceutical Group Co., Ltd.*(b) | 606,000 | 2,903,549 | ||||||
Henan Shuanghui Investment & Development Co., Ltd., Class A | 278,800 | 1,743,829 | ||||||
Hengan International Group Co., Ltd. | 607,500 | 3,992,983 | ||||||
Hualan Biological Engineering, Inc., Class A | 417,446 | 2,531,423 | ||||||
Huazhu Group Ltd. ADR*(a) | 103,665 | 5,691,208 | ||||||
Hundsun Technologies, Inc., Class A | 211,480 | 2,710,041 | ||||||
HUYA, Inc. ADR*(a) | 77,548 | 1,510,635 | ||||||
Inner Mongolia Yili Industrial Group Co., Ltd., Class A | 1,852,100 | 11,310,383 | ||||||
Innovent Biologics, Inc.*(b) | 633,500 | 6,425,082 | ||||||
JD.com, Inc. ADR* | 712,770 | 60,107,894 | ||||||
Jiangsu Hengrui Medicine Co., Ltd., Class A | 1,162,178 | 16,327,227 | ||||||
JinkoSolar Holding Co., Ltd. ADR*(a) | 13,048 | 543,971 | ||||||
Jinxin Fertility Group Ltd.(a)(b) | 692,000 | 1,488,239 | ||||||
JOYY, Inc. ADR | 42,047 | 3,941,065 | ||||||
Kingboard Holdings Ltd. | 690,000 | 3,727,595 | ||||||
Kingdee International Software Group Co., Ltd.* | 2,386,000 | 7,396,356 | ||||||
Kingsoft Corp., Ltd. | 1,097,000 | 7,280,927 | ||||||
Koolearn Technology Holding Ltd.*(a)(b) | 110,500 | 251,574 | ||||||
Lens Technology Co., Ltd., Class A | 113,800 | 453,638 | ||||||
Li Ning Co., Ltd. | 1,787,000 | 11,607,702 | ||||||
Longfor Group Holdings Ltd.(b) | 1,991,500 | 13,192,219 | ||||||
LONGi Green Energy Technology Co., Ltd., Class A | 590,700 | 7,930,069 | ||||||
Meituan, Class B*(b) | 2,363,200 | 90,643,871 | ||||||
Microport Scientific Corp.(a) | 301,000 | 1,693,850 | ||||||
Minth Group Ltd. | 328,000 | 1,366,939 | ||||||
Momo, Inc. ADR | 116,779 | 1,721,322 | ||||||
Muyuan Foods Co., Ltd., Class A | 432,840 | 6,605,185 | ||||||
NetEase, Inc. ADR | 323,686 | 33,423,816 | ||||||
New Oriental Education & Technology Group, Inc. ADR* | 1,028,567 | 14,399,938 | ||||||
NIO, Inc. ADR* | 797,835 | 31,099,608 | ||||||
Pinduoduo, Inc. ADR* | 232,571 | 31,136,605 | ||||||
Ping An Bank Co., Ltd., Class A | 2,824,826 | 9,485,037 | ||||||
Ping An Healthcare and Technology Co., Ltd.*(a)(b) | 258,900 | 3,246,886 | ||||||
Ping An Insurance Group Co. of China Ltd., Class A | 2,100,600 | 25,220,018 | ||||||
Ping An Insurance Group Co. of China Ltd., Class H | 4,511,000 | 53,700,654 | ||||||
Sany Heavy Industry Co., Ltd., Class A | 2,324,436 | 12,109,762 | ||||||
SF Holding Co., Ltd., Class A | 357,654 | 4,420,614 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd., Class H | 3,900,000 | 7,695,207 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H | 733,000 | 3,125,488 | ||||||
Shenzhen Inovance Technology Co., Ltd., Class A | 182,800 | 2,384,627 | ||||||
Shenzhen Kangtai Biological Products Co., Ltd., Class A | 82,300 | 1,719,825 | ||||||
Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A | 98,900 | 6,021,660 | ||||||
Shenzhou International Group Holdings Ltd. | 709,700 | 14,706,207 | ||||||
Shimao Group Holdings Ltd. | 1,798,500 | 5,656,133 | ||||||
Sino Biopharmaceutical Ltd. | 9,312,000 | 9,318,648 | ||||||
Sun Art Retail Group Ltd. | 1,752,000 | 1,433,249 | ||||||
Sunac China Holdings Ltd. | 2,774,000 | 11,899,607 | ||||||
Sunny Optical Technology Group Co., Ltd. | 598,200 | 13,634,539 | ||||||
TAL Education Group ADR* | 312,346 | 16,819,832 | ||||||
TCL Technology Group Corp., Class A | 5,700,600 | 8,122,594 | ||||||
Tencent Holdings Ltd. | 3,943,900 | 309,446,842 | ||||||
Tencent Music Entertainment Group ADR* | 303,658 | 6,221,952 | ||||||
Tianneng Power International Ltd.(a) | 380,000 | 717,530 | ||||||
Tingyi Cayman Islands Holding Corp. | 2,314,000 | 4,250,323 | ||||||
Tongcheng-Elong Holdings Ltd.* | 1,276,400 | 2,879,696 | ||||||
Tongwei Co., Ltd., Class A | 1,048,458 | 5,236,692 | ||||||
Trip.com Group Ltd. ADR* | 367,378 | 14,559,190 | ||||||
United Energy Group Ltd.* | 8,696,000 | 1,677,804 | ||||||
Venus MedTech Hangzhou, Inc., Class H*(b) | 263,500 | 2,136,958 | ||||||
Vipshop Holdings Ltd. ADR* | 377,355 | 11,267,820 | ||||||
Walvax Biotechnology Co., Ltd., Class A | 490,600 | 3,382,184 | ||||||
Want Want China Holdings Ltd. | 3,748,000 | 2,810,596 | ||||||
Weimob, Inc.*(a)(b) | 924,000 | 2,065,628 | ||||||
WH Group Ltd.(b) | 9,338,500 | 7,567,423 | ||||||
Wingtech Technology Co., Ltd., Class A | 95,100 | 1,421,785 | ||||||
Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A | 134,100 | 449,250 | ||||||
WuXi AppTec Co., Ltd., Class A | 372,521 | 7,967,573 | ||||||
Wuxi Biologics Cayman, Inc.*(b) | 2,593,000 | 32,468,991 | ||||||
Xinyi Glass Holdings Ltd. | 2,378,000 | 7,769,193 | ||||||
Xinyi Solar Holdings Ltd. | 2,599,072 | 4,272,475 | ||||||
Yadea Group Holdings Ltd.(b) | 210,000 | 466,219 | ||||||
Yihai International Holding Ltd.* | 225,000 | 2,329,747 | ||||||
Yonyou Network Technology Co., Ltd., Class A | 519,900 | 2,832,285 | ||||||
Yum China Holdings, Inc. | 376,118 | 22,269,947 | ||||||
Zai Lab Ltd. ADR* | 46,474 | 6,201,026 | ||||||
ZhongAn Online P&C Insurance Co., Ltd., Class H*(a)(b) | 234,100 | 1,412,227 | ||||||
ZTO Express Cayman, Inc. ADR | 437,336 | 12,748,344 | ||||||
|
| |||||||
| Total China | 1,715,961,429 | |||||||
| Hungary – 0.3% | ||||||||
MOL Hungarian Oil & Gas PLC* | 366,140 | 2,656,228 | ||||||
OTP Bank Nyrt* | 219,673 | 9,407,991 | ||||||
|
| |||||||
| Total Hungary | 12,064,219 | |||||||
| India – 12.4% | ||||||||
Aarti Industries Ltd. | 135,224 | 2,436,626 | ||||||
Adani Green Energy Ltd.* | 229,945 | 3,474,787 | ||||||
Alkem Laboratories Ltd. | 31,876 | 1,207,572 | ||||||
Apollo Hospitals Enterprise Ltd. | 128,490 | 5,101,113 | ||||||
See Notes to Financial Statements.
| 24 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2021
| Investments | Shares | Value | ||||||
Ashok Leyland Ltd. | 3,414,475 | $ | 5,300,548 | |||||
Asian Paints Ltd. | 387,058 | 13,432,781 | ||||||
Astral Poly Technik Ltd. | 148,980 | 3,294,569 | ||||||
Atul Ltd. | 29,426 | 2,850,706 | ||||||
AU Small Finance Bank Ltd.*(b) | 147,268 | 2,473,174 | ||||||
Aurobindo Pharma Ltd. | 244,258 | 2,944,242 | ||||||
Avenue Supermarts Ltd.*(b) | 157,632 | 6,164,063 | ||||||
Axis Bank Ltd.* | 1,750,019 | 16,693,861 | ||||||
Bajaj Finance Ltd. | 229,383 | 16,156,852 | ||||||
Bandhan Bank Ltd.*(b) | 587,581 | 2,723,581 | ||||||
Bata India Ltd. | 2,403 | 46,217 | ||||||
Bharat Forge Ltd. | 387,663 | 3,159,840 | ||||||
Bharti Airtel Ltd. | 1,969,251 | 13,932,995 | ||||||
Biocon Ltd.* | 196,147 | 1,096,983 | ||||||
Britannia Industries Ltd. | 113,133 | 5,609,243 | ||||||
Cipla Ltd.* | 452,111 | 5,040,306 | ||||||
Coromandel International Ltd. | 178,445 | 1,890,405 | ||||||
Crompton Greaves Consumer Electricals Ltd. | 647,298 | 3,474,920 | ||||||
Divi’s Laboratories Ltd.* | 128,294 | 6,356,992 | ||||||
Dr. Reddy’s Laboratories Ltd. | 108,835 | 6,722,386 | ||||||
Eicher Motors Ltd.* | 169,573 | 6,039,351 | ||||||
Emami Ltd. | 259,378 | 1,724,131 | ||||||
Escorts Ltd. | 63,279 | 1,114,574 | ||||||
Exide Industries Ltd. | 22,977 | 57,699 | ||||||
Godrej Consumer Products Ltd. | 409,161 | 4,083,286 | ||||||
Godrej Properties Ltd.* | 164,614 | 3,167,267 | ||||||
Grasim Industries Ltd. | 316,140 | 6,272,102 | ||||||
HCL Technologies Ltd. | 949,199 | 12,757,250 | ||||||
HDFC Life Insurance Co., Ltd.*(b) | 728,223 | 6,934,248 | ||||||
Hero MotoCorp., Ltd. | 128,560 | 5,123,146 | ||||||
Hindustan Unilever Ltd. | 701,498 | 23,329,297 | ||||||
Housing Development Finance Corp., Ltd. | 1,393,498 | 47,612,075 | ||||||
ICICI Bank Ltd. ADR* | 1,397,251 | 22,397,934 | ||||||
ICICI Lombard General Insurance Co., Ltd.(b) | 245,729 | 4,816,861 | ||||||
ICICI Prudential Life Insurance Co., Ltd.*(b) | 452,742 | 2,759,287 | ||||||
Indus Towers Ltd. | 991,561 | 3,322,664 | ||||||
Info Edge India Ltd. | 60,684 | 3,552,832 | ||||||
Infosys Ltd. ADR | 2,711,306 | 50,755,648 | ||||||
Ipca Laboratories Ltd. | 72,399 | 1,885,139 | ||||||
Jindal Steel & Power Ltd.* | 351,683 | 1,652,744 | ||||||
Kotak Mahindra Bank Ltd.* | 905,083 | 21,700,576 | ||||||
Laurus Labs Ltd.(b) | 216,141 | 1,070,155 | ||||||
Lupin Ltd. | 271,760 | 3,792,960 | ||||||
Mahindra & Mahindra Ltd. | 927,402 | 10,087,247 | ||||||
Maruti Suzuki India Ltd. | 114,692 | 10,759,883 | ||||||
Max Financial Services Ltd.* | 197,297 | 2,319,220 | ||||||
Motherson Sumi Systems Ltd. | 2,227,871 | 6,138,443 | ||||||
Navin Fluorine International Ltd. | 41,868 | 1,577,629 | ||||||
Nestle India Ltd. | 36,211 | 8,501,398 | ||||||
Page Industries Ltd. | 7,026 | 2,913,411 | ||||||
PI Industries Ltd. | 93,192 | 2,878,275 | ||||||
Piramal Enterprises Ltd. | 165,892 | 3,977,823 | ||||||
Reliance Industries Ltd. GDR(b) | 1,188,053 | 65,699,331 | ||||||
Shriram Transport Finance Co., Ltd. | 177,769 | 3,458,185 | ||||||
Sun Pharmaceutical Industries Ltd. | 961,763 | 7,863,663 | ||||||
Sundaram Finance Ltd. | 139,185 | 4,893,308 | ||||||
Supreme Industries Ltd. | 119,263 | 3,332,048 | ||||||
Tata Consumer Products Ltd. | 509,246 | 4,450,015 | ||||||
Tata Motors Ltd.* | 1,452,260 | 5,994,660 | ||||||
Tata Steel Ltd. | 978,322 | 10,863,220 | ||||||
Tech Mahindra Ltd. | 562,171 | 7,623,251 | ||||||
Titan Co., Ltd. | 382,968 | 8,161,027 | ||||||
Torrent Pharmaceuticals Ltd. | 82,574 | 2,874,356 | ||||||
Trent Ltd. | 187,322 | 1,924,237 | ||||||
UltraTech Cement Ltd. | 121,782 | 11,223,074 | ||||||
United Spirits Ltd.* | 386,492 | 2,940,963 | ||||||
UPL Ltd. | 559,603 | 4,912,635 | ||||||
Vedanta Ltd. | 2,265,531 | 7,088,136 | ||||||
Vodafone Idea Ltd.* | 7,999,731 | 1,012,087 | ||||||
Voltas Ltd. | 323,649 | 4,435,282 | ||||||
Wipro Ltd. | 1,174,322 | 6,651,901 | ||||||
Zee Entertainment Enterprises Ltd. | 1,249,049 | 3,471,396 | ||||||
|
| |||||||
| Total India | 585,532,092 | |||||||
| Indonesia – 1.3% | ||||||||
Astra International Tbk PT | 22,467,400 | 8,159,417 | ||||||
Bank Central Asia Tbk PT | 12,174,900 | 26,047,161 | ||||||
Barito Pacific Tbk PT* | 28,159,500 | 1,861,144 | ||||||
Chandra Asri Petrochemical Tbk PT* | 2,935,900 | 2,248,667 | ||||||
Charoen Pokphand Indonesia Tbk PT | 10,509,000 | 5,064,578 | ||||||
Indah Kiat Pulp & Paper Tbk PT | 3,371,000 | 2,425,264 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 3,132,000 | 2,636,055 | ||||||
Indofood Sukses Makmur Tbk PT | 5,971,300 | 2,713,293 | ||||||
Kalbe Farma Tbk PT | 30,037,900 | 3,246,782 | ||||||
Merdeka Copper Gold Tbk PT* | 11,549,800 | 1,709,609 | ||||||
Sarana Menara Nusantara Tbk PT | 38,789,000 | 2,937,549 | ||||||
United Tractors Tbk PT | 1,873,800 | 2,854,239 | ||||||
|
| |||||||
| Total Indonesia | 61,903,758 | |||||||
| Malaysia – 1.2% | ||||||||
Dialog Group Bhd | 11,569,700 | 8,677,624 | ||||||
Genting Malaysia Bhd | 4,231,800 | 3,133,155 | ||||||
Hartalega Holdings Bhd | 1,153,400 | 2,483,989 | ||||||
Hong Leong Bank Bhd | 2,543,608 | 11,471,233 | ||||||
Nestle Malaysia Bhd | 325,900 | 10,610,515 | ||||||
Press Metal Aluminium Holdings Bhd | 4,299,700 | 10,265,774 | ||||||
QL Resources Bhd | 948,625 | 1,386,390 | ||||||
Top Glove Corp. Bhd | 9,399,700 | 10,246,387 | ||||||
|
| |||||||
| Total Malaysia | 58,275,067 | |||||||
| Mexico – 1.7% | ||||||||
Alfa S.A.B. de C.V., Class A | 5,695,219 | 3,284,552 | ||||||
America Movil S.A.B. de C.V. Series L | 19,554,183 | 13,341,629 | ||||||
Cemex S.A.B. de C.V. Series CPO* | 11,194,886 | 7,889,849 | ||||||
Controladora Nemak S.A.B. de C.V.* | 5,695,275 | 715,371 | ||||||
Fibra Uno Administracion S.A. de C.V. | 3,853,996 | 4,499,986 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. | 1,628,603 | 12,265,166 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V.* | 382,973 | 2,405,596 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 25 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2021
| Investments | Shares | Value | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B* | 299,422 | $ | 3,126,732 | |||||
Grupo Bimbo S.A.B. de C.V. Series A | 654,948 | 1,373,245 | ||||||
Grupo Elektra S.A.B. de C.V. | 84,634 | 5,684,652 | ||||||
Grupo Financiero Banorte S.A.B. de C.V. Class O* | 1,672,086 | 9,408,727 | ||||||
Grupo Televisa S.A.B. Series CPO* | 1,855,923 | 3,299,943 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. | 4,142,274 | 13,052,096 | ||||||
|
| |||||||
| Total Mexico | 80,347,544 | |||||||
| Philippines – 0.8% | ||||||||
Aboitiz Equity Ventures, Inc. | 2,377,390 | 1,689,827 | ||||||
Ayala Corp. | 73,050 | 1,113,716 | ||||||
Ayala Land, Inc. | 3,723,500 | 2,635,122 | ||||||
Bank of the Philippine Islands | 386,590 | 649,129 | ||||||
BDO Unibank, Inc. | 282,960 | 594,631 | ||||||
Globe Telecom, Inc. | 13,445 | 520,764 | ||||||
JG Summit Holdings, Inc. | 541,170 | 666,184 | ||||||
Jollibee Foods Corp. | 695,690 | 2,535,515 | ||||||
PLDT, Inc. | 41,855 | 1,052,896 | ||||||
Puregold Price Club, Inc. | 2,467,400 | 1,997,812 | ||||||
SM Investments Corp. | 479,985 | 9,493,394 | ||||||
SM Prime Holdings, Inc. | 15,770,100 | 11,371,692 | ||||||
Universal Robina Corp. | 1,188,050 | 3,255,435 | ||||||
|
| |||||||
| Total Philippines | 37,576,117 | |||||||
| Poland – 0.5% | ||||||||
Asseco Poland S.A. | 140,182 | 2,401,496 | ||||||
Bank Polska Kasa Opieki S.A.* | 84,466 | 1,511,655 | ||||||
Cyfrowy Polsat S.A. | 609,075 | 4,562,660 | ||||||
Dino Polska S.A.*(b) | 59,275 | 3,914,613 | ||||||
LPP S.A.* | 2,340 | 4,818,170 | ||||||
Orange Polska S.A.* | 1,249,793 | 2,085,628 | ||||||
Santander Bank Polska S.A.* | 75,673 | 4,192,123 | ||||||
|
| |||||||
| Total Poland | 23,486,345 | |||||||
| Russia – 2.8% | ||||||||
Lukoil PJSC ADR | 571,189 | 46,186,342 | ||||||
Mail.ru Group Ltd. GDR*(c) | 194,862 | 4,462,340 | ||||||
Mobile TeleSystems PJSC ADR | 903,496 | 7,535,157 | ||||||
Novatek PJSC GDR(c) | 132,202 | 26,109,895 | ||||||
Novolipetsk Steel PJSC GDR | 95,734 | 3,052,000 | ||||||
Petropavlovsk PLC*(a) | 3,894,909 | 1,281,653 | ||||||
Polyus PJSC GDR(c) | 87,342 | 8,039,831 | ||||||
Severstal PAO GDR(c) | 117,609 | 2,373,349 | ||||||
X5 Retail Group N.V. GDR(c) | 193,145 | 6,226,995 | ||||||
Yandex N.V., Class A*(a) | 459,361 | 29,426,666 | ||||||
|
| |||||||
| Total Russia | 134,694,228 | |||||||
| South Africa – 4.7% | ||||||||
Absa Group Ltd. | 673,305 | 5,749,397 | ||||||
Anglo American Platinum Ltd. | 24,459 | 3,564,848 | ||||||
AngloGold Ashanti Ltd. | 303,567 | 6,616,440 | ||||||
Aspen Pharmacare Holdings Ltd.* | 392,856 | 3,840,697 | ||||||
AVI Ltd. | 537,660 | 2,716,291 | ||||||
Bid Corp., Ltd.* | 310,150 | 6,007,348 | ||||||
Capitec Bank Holdings Ltd.* | 74,433 | 7,157,061 | ||||||
Clicks Group Ltd. | 252,380 | 4,108,840 | ||||||
Discovery Ltd. | 392,518 | 3,524,255 | ||||||
FirstRand Ltd.(a) | 4,560,244 | 15,941,745 | ||||||
Foschini Group Ltd. (The)* | 280,218 | 2,330,176 | ||||||
Gold Fields Ltd. | 695,452 | 6,476,364 | ||||||
Growthpoint Properties Ltd. | 5,816,626 | 5,199,659 | ||||||
Impala Platinum Holdings Ltd.(a) | 595,086 | 11,031,433 | ||||||
Investec PLC(a) | 805,565 | 2,465,317 | ||||||
Mediclinic International PLC* | 473,027 | 1,862,797 | ||||||
MultiChoice Group | 315,202 | 2,752,581 | ||||||
Naspers Ltd. Class N | 316,418 | 75,679,107 | ||||||
Nedbank Group Ltd. | 503,887 | 4,777,393 | ||||||
Netcare Ltd.* | 4,366,813 | 4,214,143 | ||||||
Northam Platinum Ltd.* | 373,903 | 6,517,237 | ||||||
Old Mutual Ltd. | 572,019 | 489,264 | ||||||
Pick n Pay Stores Ltd. | 466,702 | 1,698,822 | ||||||
Sanlam Ltd.(a) | 1,927,361 | 7,770,138 | ||||||
Shoprite Holdings Ltd.(a) | 419,932 | 4,468,278 | ||||||
Sibanye Stillwater Ltd.(a) | 2,118,285 | 9,324,542 | ||||||
SPAR Group Ltd. (The) | 234,638 | 3,017,382 | ||||||
Standard Bank Group Ltd. | 1,192,586 | 10,130,267 | ||||||
Tiger Brands Ltd.(a) | 168,884 | 2,410,382 | ||||||
Vodacom Group Ltd. | 265,649 | 2,271,453 | ||||||
|
| |||||||
| Total South Africa | 224,113,657 | |||||||
| South Korea – 15.7% | ||||||||
Alteogen, Inc.* | 24,052 | 1,904,183 | ||||||
Amorepacific Corp. | 25,971 | 5,931,967 | ||||||
Cellivery Therapeutics, Inc.* | 10,075 | 1,135,023 | ||||||
Celltrion Healthcare Co., Ltd.* | 68,005 | 8,172,017 | ||||||
Celltrion Pharm, Inc.* | 13,966 | 1,851,027 | ||||||
Celltrion, Inc.* | 71,261 | 20,432,246 | ||||||
CJ CheilJedang Corp. | 1,146 | 416,175 | ||||||
Coway Co., Ltd. | 73,786 | 4,270,363 | ||||||
DB Insurance Co., Ltd. | 73,669 | 3,078,899 | ||||||
Dongsuh Cos., Inc. | 77,388 | 2,184,711 | ||||||
Doosan Fuel Cell Co., Ltd.* | 37,597 | 1,704,198 | ||||||
Doosan Heavy Industries & Construction Co., Ltd.* | 106,335 | 1,221,431 | ||||||
Douzone Bizon Co., Ltd. | 16,180 | 1,403,911 | ||||||
E-Mart, Inc. | 22,172 | 3,350,044 | ||||||
Ecopro BM Co., Ltd. | 9,542 | 1,374,284 | ||||||
Fila Holdings Corp. | 50,471 | 1,924,297 | ||||||
GeneOne Life Science, Inc.* | 32,493 | 335,912 | ||||||
Genexine, Inc.* | 13,848 | 1,168,530 | ||||||
Green Cross Corp. | 6,056 | 1,929,037 | ||||||
GS Engineering & Construction Corp. | 138,327 | 5,255,632 | ||||||
Hana Financial Group, Inc. | 303,862 | 11,491,313 | ||||||
Hanjin Kal Corp.* | 15,006 | 761,073 | ||||||
Hanmi Pharm Co., Ltd. | 11,743 | 3,283,993 | ||||||
Hanmi Science Co., Ltd. | 35,401 | 1,814,233 | ||||||
Hanon Systems | 281,222 | 4,385,746 | ||||||
Hanwha Solutions Corp.* | 160,179 | 7,090,760 | ||||||
HLB Life Science Co., Ltd.* | 88,470 | 926,326 | ||||||
See Notes to Financial Statements.
| 26 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2021
| Investments | Shares | Value | ||||||
HLB, Inc.*(a) | 72,078 | $ | 2,496,539 | |||||
Hyundai Glovis Co., Ltd. | 22,268 | 3,689,198 | ||||||
Hyundai Heavy Industries Holdings Co., Ltd. | 18,335 | 4,722,467 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 134,614 | 2,914,109 | ||||||
Hyundai Motor Co.* | 111,433 | 21,464,452 | ||||||
Hyundai Steel Co. | 90,223 | 3,830,541 | ||||||
Kakao Corp. | 42,250 | 18,591,120 | ||||||
KB Financial Group, Inc. | 334,774 | 16,624,077 | ||||||
Kia Motors Corp. | 219,873 | 16,105,564 | ||||||
KMW Co., Ltd.* | 24,504 | 1,400,847 | ||||||
Korea Investment Holdings Co., Ltd. | 9,492 | 717,928 | ||||||
Korea Shipbuilding & Offshore Engineering Co., Ltd.* | 24,366 | 2,874,187 | ||||||
LG Chem Ltd. | 34,958 | 24,865,200 | ||||||
LG Corp. | 114,696 | 9,161,492 | ||||||
LG Electronics, Inc. | 86,657 | 11,485,355 | ||||||
LG Household & Health Care Ltd. | 7,103 | 9,853,510 | ||||||
LG Innotek Co., Ltd. | 15,384 | 2,793,384 | ||||||
Lotte Chemical Corp. | 13,138 | 3,494,180 | ||||||
Lotte Corp. | 96,029 | 2,884,900 | ||||||
Macquarie Korea Infrastructure Fund | 257,726 | 2,652,978 | ||||||
Mando Corp.* | 56,233 | 3,269,389 | ||||||
Mezzion Pharma Co., Ltd.* | 7,019 | 938,968 | ||||||
NAVER Corp. | 102,648 | 34,193,325 | ||||||
NCSoft Corp. | 12,580 | 9,703,857 | ||||||
Netmarble Corp.*(b) | 37,219 | 4,242,325 | ||||||
OCI Co., Ltd.* | 6,846 | 734,958 | ||||||
Orion Corp. | 5,535 | 640,676 | ||||||
Pearl Abyss Corp.* | 10,159 | 2,765,618 | ||||||
POSCO | 68,681 | 19,419,412 | ||||||
POSCO Chemical Co., Ltd. | 30,300 | 4,149,768 | ||||||
S-Oil Corp.* | 47,895 | 3,436,337 | ||||||
Samsung Biologics Co., Ltd.*(b) | 11,964 | 7,907,287 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 49,296 | 8,166,998 | ||||||
Samsung Electronics Co., Ltd. | 3,549,212 | 255,273,565 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 22,417 | 3,763,402 | ||||||
Samsung Heavy Industries Co., Ltd.* | 142,580 | 978,879 | ||||||
Samsung Life Insurance Co., Ltd. | 69,923 | 4,825,258 | ||||||
Samsung SDI Co., Ltd. | 40,698 | 23,733,757 | ||||||
Samsung SDS Co., Ltd. | 36,182 | 6,186,187 | ||||||
Shinhan Financial Group Co., Ltd. | 461,621 | 15,275,199 | ||||||
Shinsegae, Inc. | 10,587 | 2,628,626 | ||||||
SK Chemicals Co., Ltd. | 4,795 | 1,061,319 | ||||||
SK Hynix, Inc. | 390,169 | 45,679,163 | ||||||
SK Innovation Co., Ltd.* | 40,719 | 7,879,356 | ||||||
SK Telecom Co., Ltd. | 39,871 | 9,688,116 | ||||||
Yuhan Corp. | 16,273 | 905,853 | ||||||
|
| |||||||
| Total South Korea | 738,866,957 | |||||||
| Taiwan – 15.9% | ||||||||
Accton Technology Corp. | 391,000 | 3,782,147 | ||||||
Airtac International Group | 73,000 | 2,571,233 | ||||||
Alchip Technologies Ltd. | 16,000 | 504,679 | ||||||
ASE Technology Holding Co., Ltd. | 3,296,062 | 12,418,136 | ||||||
Asia Cement Corp. | 1,049,000 | 1,757,341 | ||||||
ASMedia Technology, Inc. | 24,000 | 1,253,286 | ||||||
Asustek Computer, Inc. | 1,102,000 | 14,386,675 | ||||||
AU Optronics Corp.* | 15,096,000 | 11,136,957 | ||||||
Catcher Technology Co., Ltd. | 901,000 | 6,678,635 | ||||||
Cathay Financial Holding Co., Ltd. | 9,125,854 | 15,336,091 | ||||||
Chailease Holding Co., Ltd. | 1,189,240 | 8,210,853 | ||||||
Cheng Loong Corp. | 278,000 | 340,034 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 763,000 | 1,288,915 | ||||||
Chicony Electronics Co., Ltd. | 1,117,240 | 3,974,341 | ||||||
Chroma ATE, Inc. | 235,000 | 1,552,501 | ||||||
Compeq Manufacturing Co., Ltd. | 953,000 | 1,432,857 | ||||||
CTBC Financial Holding Co., Ltd. | 23,052,672 | 17,855,257 | ||||||
Delta Electronics, Inc. | 1,365,500 | 13,782,778 | ||||||
E.Sun Financial Holding Co., Ltd. | 13,823,218 | 12,644,516 | ||||||
Evergreen Marine Corp. Taiwan Ltd.* | 2,180,000 | 3,476,326 | ||||||
Far Eastern International Bank | 3,939,000 | 1,477,142 | ||||||
Far Eastern New Century Corp. | 4,682,080 | 4,955,624 | ||||||
Feng TAY Enterprise Co., Ltd. | 694,000 | 4,742,929 | ||||||
Formosa Chemicals & Fibre Corp. | 4,788,000 | 14,699,779 | ||||||
Formosa Petrochemical Corp. | 298,000 | 1,010,984 | ||||||
Formosa Plastics Corp. | 4,690,000 | 16,601,479 | ||||||
Fubon Financial Holding Co., Ltd. | 7,337,000 | 14,605,600 | ||||||
Genius Electronic Optical Co., Ltd. | 35,000 | 593,698 | ||||||
Giant Manufacturing Co., Ltd. | 120,000 | 1,446,746 | ||||||
Great Wall Enterprise Co., Ltd. | 368,000 | 704,195 | ||||||
Hon Hai Precision Industry Co., Ltd. | 9,481,068 | 41,203,253 | ||||||
Hotai Motor Co., Ltd. | 171,000 | 3,523,920 | ||||||
Innolux Corp.* | 15,101,000 | 11,167,108 | ||||||
Inventec Corp. | 1,421,000 | 1,344,654 | ||||||
King Yuan Electronics Co., Ltd. | 2,053,000 | 2,964,413 | ||||||
Largan Precision Co., Ltd. | 59,000 | 6,637,578 | ||||||
Lien Hwa Industrial Holdings Corp. | 835,000 | 1,385,667 | ||||||
Lite-On Technology Corp. | 1,296,000 | 2,852,445 | ||||||
Macronix International Co., Ltd. | 1,554,000 | 2,415,445 | ||||||
MediaTek, Inc. | 1,151,000 | 39,088,739 | ||||||
Merida Industry Co., Ltd. | 78,000 | 954,053 | ||||||
Micro-Star International Co., Ltd. | 1,121,000 | 6,836,085 | ||||||
Nan Ya Plastics Corp. | 5,728,000 | 16,019,851 | ||||||
Novatek Microelectronics Corp. | 468,000 | 9,431,185 | ||||||
Pegatron Corp. | 1,319,000 | 3,425,434 | ||||||
Pou Chen Corp. | 3,229,000 | 3,734,518 | ||||||
Powertech Technology, Inc. | 1,185,000 | 4,381,506 | ||||||
President Chain Store Corp. | 96,000 | 915,151 | ||||||
Quanta Computer, Inc. | 2,416,000 | 8,298,041 | ||||||
Realtek Semiconductor Corp. | 307,000 | 5,315,179 | ||||||
Shanghai Commercial & Savings Bank Ltd. (The) | 5,864,000 | 8,621,414 | ||||||
Synnex Technology International Corp. | 2,319,000 | 4,429,450 | ||||||
Taishin Financial Holding Co., Ltd. | 2,142,000 | 1,005,951 | ||||||
Taiwan Cement Corp. | 6,859,104 | 11,250,344 | ||||||
Taiwan Mobile Co., Ltd. | 3,182,000 | 10,951,263 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 13,980,000 | 287,605,930 | ||||||
Tripod Technology Corp. | 291,000 | 1,432,920 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 27 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2021
| Investments | Shares | Value | ||||||
Uni-President Enterprises Corp. | 5,690,160 | $ | 14,557,939 | |||||
Unimicron Technology Corp. | 1,207,000 | 3,870,623 | ||||||
United Microelectronics Corp. | 8,176,000 | 14,384,579 | ||||||
Voltronic Power Technology Corp. | 53,000 | 2,052,536 | ||||||
Walsin Technology Corp. | 207,000 | 1,810,062 | ||||||
Winbond Electronics Corp. | 3,830,000 | 3,959,801 | ||||||
Wiwynn Corp. | 69,000 | 2,038,587 | ||||||
Yageo Corp. | 311,396 | 6,035,187 | ||||||
Yuanta Financial Holding Co., Ltd. | 12,823,765 | 10,112,316 | ||||||
Zhen Ding Technology Holding Ltd. | 256,000 | 1,081,134 | ||||||
|
| |||||||
| Total Taiwan | 752,315,995 | |||||||
| Thailand – 1.7% | ||||||||
Advanced Info Service PCL NVDR | 560,600 | 3,112,451 | ||||||
B Grimm Power PCL NVDR | 1,743,300 | 2,552,191 | ||||||
Bangkok Expressway & Metro PCL NVDR | 22,536,200 | 6,310,136 | ||||||
BTS Group Holdings PCL NVDR(a) | 20,372,700 | 6,291,090 | ||||||
Bumrungrad Hospital PCL NVDR | 1,084,500 | 4,719,744 | ||||||
Carabao Group PCL NVDR | 478,400 | 1,974,835 | ||||||
Central Pattana PCL NVDR | 594,100 | 1,107,402 | ||||||
Central Retail Corp. PCL NVDR* | 3,820,183 | 4,553,658 | ||||||
CP ALL PCL NVDR* | 3,238,600 | 7,176,738 | ||||||
Delta Electronics Thailand PCL NVDR | 372,500 | 3,456,800 | ||||||
Energy Absolute PCL NVDR(a) | 2,785,700 | 5,526,829 | ||||||
Gulf Energy Development PCL NVDR(a) | 7,340,200 | 7,868,695 | ||||||
Home Product Center PCL NVDR | 8,894,800 | 4,212,577 | ||||||
Indorama Ventures PCL NVDR(a) | 1,036,400 | 1,475,834 | ||||||
Intouch Holdings PCL NVDR | 3,411,500 | 6,331,744 | ||||||
Minor International PCL NVDR* | 1,635,700 | 1,701,128 | ||||||
Muangthai Capital PCL NVDR | 1,290,600 | 2,921,919 | ||||||
Osotspa PCL NVDR | 3,120,500 | 3,519,924 | ||||||
Siam Global House PCL NVDR | 4,006,500 | 2,666,726 | ||||||
True Corp. PCL NVDR | 22,586,500 | 2,457,411 | ||||||
|
| |||||||
| Total Thailand | 79,937,832 | |||||||
| Turkey – 0.2% | ||||||||
BIM Birlesik Magazalar AS | 710,941 | 6,064,635 | ||||||
Enka Insaat ve Sanayi AS | 3,756,170 | 3,594,486 | ||||||
|
| |||||||
| Total Turkey | 9,659,121 | |||||||
| United Kingdom – 0.3% | ||||||||
Avast PLC(a)(b) | 780,604 | 4,952,503 | ||||||
Evraz PLC | 888,293 | 7,083,842 | ||||||
|
| |||||||
| Total United Kingdom | 12,036,345 | |||||||
| TOTAL COMMON STOCKS (Cost: $4,015,101,089) | 4,722,592,844 | |||||||
| WARRANTS – 0.0% |
| |||||||
| Thailand – 0.0% |
| |||||||
| Srisawad Corp. PCL, expiring 8/29/25* (Cost: $0) | 12,160 | 7,549 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4% |
| |||||||
| United States – 0.4% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, | ||||||||
| (Cost: $17,991,494) | 17,991,494 | 17,991,494 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.4% (Cost: $4,033,092,583) |
| 4,740,591,887 | ||||||
Other Assets less Liabilities – (0.4)% |
| (20,656,169 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 4,719,935,718 | |||||
| * | Non-income producing security. |
| † | Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $108,446,202. The Fund also had securities on loan having a total market value of $1,736,926 that were sold and pending settlement. The total market value of the collateral held by the Fund was $114,663,633. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $96,672,139. |
| (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) | 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 March 31, 2021. |
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and | Amount and | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 159,290,867 | HKD | 20,490,294 | USD | $ | — | $ | (1,273 | ) | ||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 12,761,987 | BRL | 2,250,037 | USD | 11,523 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 833,183,380 | HUF | 2,700,074 | USD | 3,180 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 78,406,208 | THB | 2,499,401 | USD | 9,598 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 94,359 | USD | 67,920,571 | CLP | — | (185 | ) | ||||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 703,512 | USD | 797,078,664 | KRW | — | (777 | ) | ||||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 6,628,682 | USD | 27,542,172 | MYR | — | (13,588 | ) | ||||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 4,454,625 | USD | 36,697,999 | TRY | 20,491 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/6/2021 | 38,327,725 | ZAR | 2,600,659 | USD | — | (5,028 | ) | ||||||||||||||||||||
UBS AG | 4/1/2021 | 6,525,754 | USD | 25,738,186 | PLN | 3,152 | — | |||||||||||||||||||||
| $ | 47,944 | $ | (20,851 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| 28 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | ||||||||||||||||
China | $ | 1,715,961,429 | $ | — | $ | 0 | * | $ | 1,715,961,429 | |||||||
Other | 3,006,631,415 | — | — | 3,006,631,415 | ||||||||||||
Warrants | 7,549 | — | — | 7,549 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 17,991,494 | — | 17,991,494 | ||||||||||||
Total Investments in Securities | $ | 4,722,600,393 | $ | 17,991,494 | $ | 0 | $ | 4,740,591,887 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 47,944 | $ | — | $ | 47,944 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (20,851 | ) | $ | — | $ | (20,851 | ) | ||||||
Total – Net | $ | 4,722,600,393 | $ | 18,018,587 | $ | 0 | $ | 4,740,618,980 | ||||||||
| * | 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 | 29 |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% |
| |||||||
| Brazil – 8.8% |
| |||||||
AES Brasil Energia S.A. | 417,486 | $ | 1,287,304 | |||||
Banco do Brasil S.A. | 1,603,910 | 8,654,804 | ||||||
Banco Santander Brasil S.A. | 634,879 | 4,455,291 | ||||||
CCR S.A. | 2,085,909 | 4,775,819 | ||||||
Centrais Eletricas Brasileiras S.A. | 601,233 | 3,651,294 | ||||||
CPFL Energia S.A. | 414,369 | 2,233,760 | ||||||
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes | 462,759 | 2,021,444 | ||||||
Engie Brasil Energia S.A. | 497,592 | 3,688,512 | ||||||
Itausa S.A. | 874,065 | 1,719,320 | ||||||
Petrobras Distribuidora S.A. | 1,114,979 | 4,362,704 | ||||||
Porto Seguro S.A. | 87,741 | 730,475 | ||||||
Smiles Fidelidade S.A. | 153,347 | 578,822 | ||||||
Telefonica Brasil S.A. | 75,520 | 591,928 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 962,620 | 6,639,229 | ||||||
Vale S.A. | 7,112,712 | 123,486,159 | ||||||
|
| |||||||
| Total Brazil |
| 168,876,865 | ||||||
| Chile – 1.2% |
| |||||||
AES Gener S.A. | 12,531,705 | 2,129,029 | ||||||
Banco de Chile | 52,717,245 | 6,232,288 | ||||||
Cencosud Shopping S.A. | 778,048 | 1,624,760 | ||||||
Enel Americas S.A. | 75,761,889 | 12,665,650 | ||||||
|
| |||||||
| Total Chile |
| 22,651,727 | ||||||
| China – 22.4% |
| |||||||
Agile Group Holdings Ltd. | 4,248,000 | 6,961,202 | ||||||
Agricultural Bank of China Ltd., Class H | 30,101,000 | 12,041,252 | ||||||
Anhui Expressway Co., Ltd., Class A | 776,900 | 862,827 | ||||||
Anhui Hengyuan Coal Industry and Electricity Power Co., Ltd., Class A | 1,073,500 | 946,580 | ||||||
Asia Cement China Holdings Corp. | 857,000 | 878,556 | ||||||
BAIC Motor Corp., Ltd., Class H(a) | 2,051,000 | 656,894 | ||||||
Bank of Beijing Co., Ltd., Class A | 3,901,949 | 2,857,262 | ||||||
Bank of Jiangsu Co., Ltd., Class A | 2,893,270 | 2,855,752 | ||||||
Bank of Shanghai Co., Ltd., Class A | 2,451,200 | 3,286,964 | ||||||
Baoshan Iron & Steel Co., Ltd., Class A | 3,235,220 | 3,987,884 | ||||||
Beijing Enterprises Holdings Ltd. | 561,500 | 1,982,542 | ||||||
Bestsun Energy Co., Ltd., Class A | 1,332,800 | 1,163,023 | ||||||
C&D International Investment Group Ltd. | 529,000 | 959,412 | ||||||
Canny Elevator Co., Ltd., Class A | 233,700 | 359,730 | ||||||
Central China Real Estate Ltd. | 2,307,000 | 1,026,725 | ||||||
China Aoyuan Group Ltd. | 2,145,000 | 2,303,796 | ||||||
China Cinda Asset Management Co., Ltd., Class H | 5,198,000 | 1,083,133 | ||||||
China Coal Energy Co., Ltd., Class H(b) | 3,910,000 | 1,800,488 | ||||||
China Construction Bank Corp., Class H | 71,520,054 | 60,163,890 | ||||||
China Everbright Environment Group Ltd. | 4,588,000 | 3,104,127 | ||||||
China Fortune Land Development Co., Ltd., Class A | 1,032,860 | 989,529 | ||||||
China Hongqiao Group Ltd.(b) | 2,368,000 | 3,161,618 | ||||||
China Jinmao Holdings Group Ltd. | 6,990,000 | 2,805,189 | ||||||
China Life Insurance Co., Ltd., Class H | 4,462,000 | 9,217,336 | ||||||
China Lilang Ltd. | 1,191,000 | 773,630 | ||||||
China Merchants Shekou Industrial Zone Holdings Co., Ltd., Class A | 802,682 | 1,502,503 | ||||||
China Overseas Grand Oceans Group Ltd. | 2,127,000 | 1,389,830 | ||||||
China Overseas Land & Investment Ltd. | 4,332,000 | 11,255,639 | ||||||
China Pacific Insurance Group Co., Ltd., Class H | 2,268,600 | 8,943,731 | ||||||
China Power International Development Ltd. | 10,418,000 | 2,425,455 | ||||||
China Railway Group Ltd., Class H | 4,599,000 | 2,431,283 | ||||||
China Resources Cement Holdings Ltd. | 4,502,000 | 5,055,336 | ||||||
China Resources Power Holdings Co., Ltd. | 2,668,000 | 3,541,570 | ||||||
China Sanjiang Fine Chemicals Co., Ltd. | 2,651,000 | 1,241,199 | ||||||
China SCE Group Holdings Ltd. | 2,647,000 | 1,225,707 | ||||||
China Suntien Green Energy Corp., Ltd., Class H(b) | 2,523,000 | 963,838 | ||||||
CIFI Holdings Group Co., Ltd. | 5,512,000 | 5,345,778 | ||||||
CITIC Telecom International Holdings Ltd. | 5,330,000 | 1,885,342 | ||||||
COFCO Joycome Foods Ltd.(b) | 2,217,000 | 1,137,808 | ||||||
Country Garden Holdings Co., Ltd.(b) | 10,449,850 | 13,414,390 | ||||||
CPMC Holdings Ltd. | 1,438,000 | 813,845 | ||||||
Daqin Railway Co., Ltd., Class A | 2,908,601 | 3,110,495 | ||||||
Dexin China Holdings Co., Ltd.* | 1,933,000 | 743,419 | ||||||
Dongyue Group Ltd. | 2,196,000 | 1,689,133 | ||||||
Far East Horizon Ltd.(b) | 1,617,000 | 1,942,617 | ||||||
Fufeng Group Ltd.* | 2,348,000 | 845,642 | ||||||
Gemdale Corp., Class A | 1,253,809 | 2,297,215 | ||||||
Genertec Universal Medical Group Co., Ltd.(a) | 1,692,000 | 1,388,518 | ||||||
Greatview Aseptic Packaging Co., Ltd. | 2,468,000 | 1,228,532 | ||||||
Greenland Holdings Corp., Ltd., Class A | 1,083,800 | 924,247 | ||||||
Greenland Hong Kong Holdings Ltd. | 2,913,000 | 1,052,876 | ||||||
Guangdong Investment Ltd. | 3,266,000 | 5,318,390 | ||||||
Guangdong Shaoneng Group Co., Ltd., Class A | 242,000 | 238,862 | ||||||
Guangdong Tapai Group Co., Ltd., Class A | 423,700 | 797,629 | ||||||
Guizhou Panjiang Refined Coal Co., Ltd., Class A | 647,500 | 672,689 | ||||||
Hengan International Group Co., Ltd. | 791,500 | 5,202,381 | ||||||
Hexing Electrical Co., Ltd., Class A | 193,000 | 407,494 | ||||||
Hisense Home Appliances Group Co., Ltd., Class H | 454,000 | 759,153 | ||||||
Hopson Development Holdings Ltd. | 724,000 | 2,607,516 | ||||||
Huabao Flavours & Fragrances Co., Ltd., Class A | 47,200 | 301,778 | ||||||
Huafa Industrial Co., Ltd. Zhuhai, Class A | 1,418,075 | 1,330,459 | ||||||
Huaibei Mining Holdings Co., Ltd., Class A | 454,500 | 783,501 | ||||||
Huaneng Power International, Inc., Class H | 3,656,000 | 1,297,913 | ||||||
Hunan Valin Steel Co., Ltd., Class A | 960,900 | 1,026,133 | ||||||
Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia, Class A | 301,500 | 460,874 | ||||||
Industrial & Commercial Bank of China Ltd., Class H | 68,489,823 | 49,157,588 | ||||||
Industrial Bank Co., Ltd., Class A | 2,445,500 | 8,987,352 | ||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co., Ltd., Class A | 1,153,400 | 929,055 | ||||||
Jiangsu Expressway Co., Ltd., Class H | 1,691,727 | 2,106,376 | ||||||
See Notes to Financial Statements.
| 30 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2021
| Investments | Shares | Value | ||||||
Jingjin Environmental Protection Co., Ltd., Class A | 37,100 | $ | 114,894 | |||||
Jinke Properties Group Co., Ltd., Class A | 1,002,600 | 1,007,953 | ||||||
JNBY Design Ltd. | 376,500 | 673,147 | ||||||
Kunlun Energy Co., Ltd. | 5,510,000 | 5,790,339 | ||||||
KWG Group Holdings Ltd. | 3,552,000 | 6,076,520 | ||||||
Lee & Man Paper Manufacturing Ltd. | 1,229,000 | 1,130,286 | ||||||
Lenovo Group Ltd. | 11,160,000 | 15,876,313 | ||||||
Logan Group Co., Ltd. | 1,259,000 | 2,121,423 | ||||||
Lomon Billions Group Co., Ltd., Class A | 369,000 | 1,608,851 | ||||||
Lonking Holdings Ltd. | 4,892,000 | 2,076,494 | ||||||
Luxi Chemical Group Co., Ltd., Class A | 403,000 | 954,781 | ||||||
Midea Real Estate Holding Ltd.(a)(b) | 470,800 | 995,563 | ||||||
MYS Group Co., Ltd., Class A | 1,082,500 | 599,462 | ||||||
Nanjing Iron & Steel Co., Ltd., Class A | 1,402,900 | 828,257 | ||||||
New China Life Insurance Co., Ltd., Class H | 526,000 | 2,036,491 | ||||||
People’s Insurance Co. Group of China Ltd. (The), Class H | 5,326,000 | 1,726,363 | ||||||
Poly Developments & Holdings Group Co., Ltd., Class A | 3,320,600 | 7,208,564 | ||||||
Postal Savings Bank of China Co., Ltd., Class H(a)(b) | 8,242,000 | 6,159,409 | ||||||
Powerlong Real Estate Holdings Ltd. | 1,972,000 | 1,963,262 | ||||||
Qingdao Port International Co., Ltd., Class H(a) | 1,097,000 | 671,651 | ||||||
RiseSun Real Estate Development Co., Ltd., Class A | 1,097,300 | 1,079,723 | ||||||
SAIC Motor Corp., Ltd., Class A | 807,735 | 2,423,821 | ||||||
Seazen Group Ltd.* | 2,132,000 | 2,618,912 | ||||||
Seazen Holdings Co., Ltd., Class A | 391,200 | 2,912,366 | ||||||
Shaanxi Coal Industry Co., Ltd., Class A | 1,014,700 | 1,712,064 | ||||||
Shandong Buchang Pharmaceuticals Co., Ltd., Class A | 547,175 | 1,905,722 | ||||||
Shandong Publishing & Media Co., Ltd., Class A | 924,500 | 839,172 | ||||||
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Class A | 183,100 | 287,429 | ||||||
Shanghai Industrial Holdings Ltd. | 936,000 | 1,396,575 | ||||||
Shanghai Pudong Development Bank Co., Ltd., Class A | 3,636,700 | 6,097,229 | ||||||
Shanghai Shimao Co., Ltd., Class A | 155,300 | 102,823 | ||||||
Shanghai Zijiang Enterprise Group Co., Ltd., Class A | 868,400 | 633,250 | ||||||
Shenzhen Expressway Co., Ltd., Class H | 1,254,000 | 1,358,126 | ||||||
Shenzhen International Holdings Ltd. | 3,173,500 | 5,314,713 | ||||||
Shenzhen Investment Ltd. | 4,752,000 | 1,650,329 | ||||||
Shenzhen Overseas Chinese Town Co., Ltd., Class A | 1,258,800 | 1,956,853 | ||||||
Shenzhen Tagen Group Co., Ltd., Class A | 597,800 | 583,664 | ||||||
Shimao Group Holdings Ltd. | 1,299,000 | 4,085,247 | ||||||
Shougang Fushan Resources Group Ltd. | 11,144,739 | 2,766,671 | ||||||
Sinoma International Engineering Co., Class A | 529,602 | 760,268 | ||||||
Sinopec Kantons Holdings Ltd.(b) | 1,768,000 | 675,412 | ||||||
Sinotrans Ltd., Class H | 2,807,000 | 1,039,837 | ||||||
SITC International Holdings Co., Ltd. | 1,930,000 | 6,541,363 | ||||||
Sunflower Pharmaceutical Group Co., Ltd., Class A | 274,600 | 576,011 | ||||||
Times China Holdings Ltd. | 1,446,000 | 1,990,134 | ||||||
Uni-President China Holdings Ltd. | 1,788,000 | 2,175,650 | ||||||
Want Want China Holdings Ltd. | 9,181,000 | 6,884,761 | ||||||
Wasu Media Holding Co., Ltd., Class A | 311,800 | 394,804 | ||||||
Wens Foodstuffs Group Co., Ltd., Class A | 1,700,600 | 4,389,649 | ||||||
WH Group Ltd.(a) | 10,897,000 | 8,830,348 | ||||||
Xtep International Holdings Ltd. | 1,532,400 | 896,838 | ||||||
Yuexiu Property Co., Ltd. | 9,489,000 | 2,148,144 | ||||||
Yuzhou Group Holdings Co., Ltd. | 4,199,600 | 1,253,217 | ||||||
Zhejiang Hangmin Co., Ltd., Class A | 980,000 | 832,738 | ||||||
Zhejiang Hisoar Pharmaceutical Co., Ltd., Class A | 326,100 | 443,257 | ||||||
Zhejiang Medicine Co., Ltd., Class A | 249,700 | 534,065 | ||||||
Zhejiang Semir Garment Co., Ltd., Class A | 285,500 | 441,208 | ||||||
Zhengzhou Yutong Bus Co., Ltd., Class A | 785,600 | 1,719,811 | ||||||
Zhongliang Holdings Group Co., Ltd.(b) | 1,397,500 | 949,109 | ||||||
|
| |||||||
| Total China |
| 429,231,768 | ||||||
| Czech Republic – 0.6% |
| |||||||
CEZ AS | 415,084 | 10,272,438 | ||||||
O2 Czech Republic AS | 156,179 | 1,820,108 | ||||||
|
| |||||||
| Total Czech Republic |
| 12,092,546 | ||||||
| Hong Kong – 0.1% |
| |||||||
China Water Affairs Group Ltd. | 970,000 | 793,522 | ||||||
Concord New Energy Group Ltd. | 10,690,000 | 770,010 | ||||||
Perfect Shape Medical Ltd. | 1,884,000 | 1,073,532 | ||||||
|
| |||||||
| Total Hong Kong |
| 2,637,064 | ||||||
| Hungary – 0.1% |
| |||||||
Magyar Telekom Telecommunications PLC | 848,248 | 1,120,117 | ||||||
| India – 5.4% |
| |||||||
Engineers India Ltd. | 1,320,438 | 1,390,624 | ||||||
GAIL India Ltd. | 4,949,751 | 9,173,258 | ||||||
Hindustan Petroleum Corp., Ltd. | 1,440,966 | 4,621,655 | ||||||
Hindustan Zinc Ltd. | 742,229 | 2,770,400 | ||||||
Indiabulls Housing Finance Ltd.* | 505,462 | 1,358,476 | ||||||
Indus Towers Ltd. | 1,480,646 | 4,961,560 | ||||||
ITC Ltd. | 6,179,973 | 18,468,812 | ||||||
NHPC Ltd. | 7,210,803 | 2,411,368 | ||||||
NIIT Ltd. | 393,541 | 742,259 | ||||||
NLC India Ltd. | 898,680 | 619,493 | ||||||
NMDC Ltd. | 2,208,715 | 4,088,828 | ||||||
Oil & Natural Gas Corp., Ltd. | 9,617,573 | 13,437,077 | ||||||
Oil India Ltd. | 2,130,102 | 3,577,665 | ||||||
Oracle Financial Services Software Ltd. | 63,713 | 2,787,638 | ||||||
Polyplex Corp. Ltd. | 66,394 | 783,683 | ||||||
Power Grid Corp. of India Ltd. | 8,237,466 | 24,296,518 | ||||||
REC Ltd. | 2,223,751 | 3,988,921 | ||||||
SJVN Ltd. | 3,101,813 | 1,105,158 | ||||||
Sonata Software Ltd. | 195,156 | 1,359,162 | ||||||
Welspun Corp., Ltd. | 677,609 | 1,282,210 | ||||||
|
| |||||||
| Total India |
| 103,224,765 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2021
| Investments | Shares | Value | ||||||
| Indonesia – 3.4% |
| |||||||
Astra International Tbk PT | 30,778,900 | $ | 11,177,879 | |||||
Bank Mandiri Persero Tbk PT | 22,800,400 | 9,653,870 | ||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 6,747,025 | 675,864 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 52,726,700 | 15,972,288 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 3,007,500 | 2,531,269 | ||||||
Telkom Indonesia Persero Tbk PT | 89,803,000 | 21,144,665 | ||||||
United Tractors Tbk PT | 3,099,000 | 4,720,508 | ||||||
|
| |||||||
| Total Indonesia |
| 65,876,343 | ||||||
| Malaysia – 0.4% |
| |||||||
Aeon Co. M Bhd | 2,640,000 | 821,319 | ||||||
AMMB Holdings Bhd | 2,214,200 | 1,564,598 | ||||||
Astro Malaysia Holdings Bhd | 4,291,600 | 993,593 | ||||||
Mah Sing Group Bhd | 2,579,800 | 525,728 | ||||||
Malakoff Corp. Bhd | 8,492,400 | 1,771,597 | ||||||
Uchi Technologies Bhd | 1,697,500 | 1,281,364 | ||||||
|
| |||||||
| Total Malaysia |
| 6,958,199 | ||||||
| Mexico – 1.9% |
| |||||||
Alfa S.A.B. de C.V., Class A | 5,816,976 | 3,354,772 | ||||||
Alpek S.A.B. de C.V.* | 1,207,349 | 1,125,297 | ||||||
Controladora Nemak S.A.B. de C.V.* | 26,938 | 3,384 | ||||||
Corp. Inmobiliaria Vesta S.A.B. de C.V. | 976,303 | 2,043,220 | ||||||
Grupo Mexico S.A.B. de C.V. Series B | 5,215,115 | 27,390,154 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.(a) | 2,453,754 | 3,056,924 | ||||||
|
| |||||||
| Total Mexico |
| 36,973,751 | ||||||
| Philippines – 0.7% |
| |||||||
Globe Telecom, Inc. | 74,595 | 2,889,283 | ||||||
LT Group, Inc. | 4,322,800 | 1,202,324 | ||||||
Manila Electric Co. | 502,730 | 2,817,256 | ||||||
PLDT, Inc. | 259,664 | 6,532,058 | ||||||
|
| |||||||
| Total Philippines |
| 13,440,921 | ||||||
| Poland – 0.1% |
| |||||||
Asseco Poland S.A. | 114,516 | 1,961,805 | ||||||
| Russia – 15.0% |
| |||||||
Magnit PJSC GDR(c) | 687,433 | 10,304,621 | ||||||
Magnitogorsk Iron & Steel Works PJSC GDR(c) | 288,896 | 2,992,962 | ||||||
MMC Norilsk Nickel PJSC ADR | 2,162,221 | 67,418,051 | ||||||
Mobile TeleSystems PJSC ADR | 1,668,640 | 13,916,458 | ||||||
Novolipetsk Steel PJSC GDR | 349,212 | 11,132,878 | ||||||
PhosAgro PJSC GDR(c) | 439,589 | 7,657,640 | ||||||
Rosneft Oil Co. PJSC GDR(c) | 4,851,277 | 36,685,357 | ||||||
Sberbank of Russia PJSC ADR | 7,157,629 | 110,263,275 | ||||||
Tatneft PJSC ADR(b) | 552,490 | 26,210,125 | ||||||
|
| |||||||
| Total Russia |
| 286,581,367 | ||||||
| Singapore – 0.1% |
| |||||||
IGG, Inc. | 862,000 | �� | 1,110,978 | |||||
| South Africa – 3.8% |
| |||||||
AECI Ltd. | 217,091 | 1,521,346 | ||||||
African Rainbow Minerals Ltd.(b) | 341,737 | 6,436,331 | ||||||
AVI Ltd. | 967,390 | 4,887,314 | ||||||
Coronation Fund Managers Ltd. | 406,841 | 1,509,854 | ||||||
Equites Property Fund Ltd. | 1,635,170 | 2,085,178 | ||||||
Exxaro Resources Ltd. | 823,375 | 9,694,538 | ||||||
JSE Ltd. | 95,047 | 718,730 | ||||||
Kumba Iron Ore Ltd. | 192,677 | 7,939,995 | ||||||
MultiChoice Group | 708,427 | 6,186,517 | ||||||
Oceana Group Ltd. | 200,502 | 896,174 | ||||||
PSG Group Ltd. | 339,286 | 1,623,564 | ||||||
Remgro Ltd. | 629,773 | 4,435,547 | ||||||
Sanlam Ltd.(b) | 2,579,438 | 10,398,981 | ||||||
Vodacom Group Ltd. | 1,672,461 | 14,300,511 | ||||||
|
| |||||||
| Total South Africa |
| 72,634,580 | ||||||
| South Korea – 4.4% |
| |||||||
BNK Financial Group, Inc. | 421,294 | 2,527,578 | ||||||
Daishin Securities Co., Ltd. | 68,146 | 978,460 | ||||||
DGB Financial Group, Inc. | 257,197 | 1,918,041 | ||||||
E1 Corp. | 17,005 | 644,590 | ||||||
Halla Holdings Corp. | 20,828 | 750,857 | ||||||
Hana Financial Group, Inc. | 419,732 | 15,873,231 | ||||||
Huchems Fine Chemical Corp. | 30,558 | 588,614 | ||||||
Hyosung Corp. | 23,454 | 1,842,333 | ||||||
iMarketKorea, Inc. | 69,518 | 557,127 | ||||||
Industrial Bank of Korea | 401,386 | 3,248,682 | ||||||
JB Financial Group Co., Ltd. | 261,763 | 1,514,953 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 54,928 | 1,528,811 | ||||||
Koentec Co., Ltd.(b) | 54,421 | 430,367 | ||||||
Korea Asset In Trust Co., Ltd. | 162,534 | 671,391 | ||||||
Korea Real Estate Investment & Trust Co., Ltd. | 622,672 | 1,325,946 | ||||||
Korean Reinsurance Co. | 131,945 | 986,308 | ||||||
KT Corp. ADR | 340,588 | 4,236,915 | ||||||
KT&G Corp. | 227,893 | 16,390,979 | ||||||
Kumho Industrial Co., Ltd. | 74,112 | 643,057 | ||||||
Macquarie Korea Infrastructure Fund | 1,111,159 | 11,438,040 | ||||||
Meritz Fire & Marine Insurance Co., Ltd. | 78,058 | 1,334,590 | ||||||
Meritz Securities Co., Ltd. | 369,032 | 1,503,192 | ||||||
NH Investment & Securities Co., Ltd. | 167,578 | 1,725,013 | ||||||
Orion Holdings Corp. | 66,437 | 836,516 | ||||||
Posco International Corp. | 98,445 | 1,752,743 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 29,585 | 4,966,777 | ||||||
Samsung Securities Co., Ltd. | 69,017 | 2,405,762 | ||||||
Ssangyong Cement Industrial Co., Ltd. | 301,633 | 2,046,867 | ||||||
Tailim Packaging Co., Ltd.* | 57,674 | 260,406 | ||||||
|
| |||||||
| Total South Korea |
| 84,928,146 | ||||||
| Taiwan – 28.2% |
| |||||||
AcBel Polytech, Inc.(b) | 1,259,000 | 1,277,400 | ||||||
Arcadyan Technology Corp.* | 262,000 | 1,065,153 | ||||||
Asia Cement Corp.(b) | 7,984,000 | 13,375,222 | ||||||
Asustek Computer, Inc. | 1,708,000 | 22,298,041 | ||||||
Capital Securities Corp. | 4,081,000 | 2,231,227 | ||||||
Catcher Technology Co., Ltd.(b) | 1,291,000 | 9,569,498 | ||||||
Cathay Financial Holding Co., Ltd. | 7,916,000 | 13,302,919 | ||||||
Charoen Pokphand Enterprise | 559,000 | 1,500,697 | ||||||
See Notes to Financial Statements.
| 32 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2021
| Investments | Shares | Value | ||||||
Chenbro Micom Co., Ltd.(b) | 171,000 | $ | 508,212 | |||||
Cheng Uei Precision Industry Co., Ltd. | 998,000 | 1,680,647 | ||||||
Chicony Electronics Co., Ltd.(b) | 2,072,386 | 7,372,067 | ||||||
Chicony Power Technology Co., Ltd. | 376,000 | 1,075,302 | ||||||
China Development Financial Holding Corp. | 19,280,000 | 7,094,943 | ||||||
ChipMOS Technologies, Inc. | 911,000 | 1,412,811 | ||||||
Chong Hong Construction Co., Ltd.(b) | 817,000 | 2,373,718 | ||||||
Cleanaway Co., Ltd. | 262,000 | 1,588,547 | ||||||
Compal Electronics, Inc. | 6,657,000 | 6,229,345 | ||||||
CTBC Financial Holding Co., Ltd. | 27,846,000 | 21,567,890 | ||||||
Eastern Media International Corp. | 1,071,000 | 639,980 | ||||||
Elan Microelectronics Corp.(b) | 663,000 | 4,542,687 | ||||||
Far Eastern New Century Corp. | 6,639,000 | 7,026,874 | ||||||
Far EasTone Telecommunications Co., Ltd.(b) | 4,065,000 | 9,132,110 | ||||||
Farglory Land Development Co., Ltd. | 1,247,000 | 2,491,116 | ||||||
Feng Hsin Steel Co., Ltd. | 865,000 | 2,158,483 | ||||||
First Financial Holding Co., Ltd. | 9,382,804 | 7,300,258 | ||||||
Formosa Chemicals & Fibre Corp. | 6,753,000 | 20,732,583 | ||||||
Formosa Plastics Corp. | 7,242,000 | 25,634,949 | ||||||
Fubon Financial Holding Co., Ltd. | 9,013,000 | 17,941,976 | ||||||
Fusheng Precision Co., Ltd. | 234,000 | 1,857,533 | ||||||
Getac Technology Corp. | 957,000 | 1,965,451 | ||||||
Global Mixed Mode Technology, Inc.(b) | 146,000 | 1,061,753 | ||||||
Great Wall Enterprise Co., Ltd. | 1,815,000 | 3,473,136 | ||||||
Greatek Electronics, Inc. | 729,000 | 1,814,005 | ||||||
Holtek Semiconductor, Inc. | 477,000 | 1,561,413 | ||||||
Holy Stone Enterprise Co., Ltd.(b) | 226,000 | 1,029,685 | ||||||
Hon Hai Precision Industry Co., Ltd. | 19,924,000 | 86,586,619 | ||||||
Huaku Development Co., Ltd.(b) | 897,000 | 2,929,955 | ||||||
IBF Financial Holdings Co., Ltd. | 4,764,302 | 2,821,880 | ||||||
Inventec Corp.(b) | 6,013,000 | 5,689,938 | ||||||
ITE Technology, Inc.(b) | 288,000 | 982,105 | ||||||
King Yuan Electronics Co., Ltd.(b) | 2,772,000 | 4,002,608 | ||||||
Kung Long Batteries Industrial Co., Ltd. | 332,000 | 1,722,076 | ||||||
Kuoyang Construction Co., Ltd.(b) | 677,715 | 947,704 | ||||||
Lite-On Technology Corp. | 7,133,000 | 15,699,450 | ||||||
Mega Financial Holding Co., Ltd.(b) | 11,883,302 | 13,285,576 | ||||||
Merry Electronics Co., Ltd.(b) | 281,275 | 1,311,099 | ||||||
Mirle Automation Corp.(b) | 567,000 | 971,727 | ||||||
Nan Pao Resins Chemical Co., Ltd. | 154,000 | 863,562 | ||||||
Nantex Industry Co., Ltd.(b) | 454,000 | 1,750,254 | ||||||
Pegatron Corp.(b) | 6,847,000 | 17,781,611 | ||||||
Polytronics Technology Corp.(b) | 164,378 | 757,569 | ||||||
Pou Chen Corp. | 3,594,000 | 4,156,661 | ||||||
Powertech Technology, Inc. | 1,677,000 | 6,200,662 | ||||||
Primax Electronics Ltd.(b) | 1,271,000 | 2,833,056 | ||||||
Promate Electronic Co., Ltd. | 1,159,000 | 1,620,723 | ||||||
Quanta Computer, Inc. | 6,295,990 | 21,624,330 | ||||||
Ruentex Industries Ltd. | 1,024,600 | 2,861,971 | ||||||
Sampo Corp. | 911,000 | 978,591 | ||||||
Sanyang Motor Co., Ltd.(b) | 1,745,000 | 1,895,875 | ||||||
SCI Pharmtech, Inc.(b) | 137,000 | 448,936 | ||||||
Shanghai Commercial & Savings Bank Ltd. (The) | 4,295,000 | 6,314,627 | ||||||
Shin Kong Financial Holding Co., Ltd.(b) | 9,292,000 | 2,979,771 | ||||||
Sinon Corp. | 1,553,000 | 1,257,292 | ||||||
SinoPac Financial Holdings Co., Ltd. | 19,501,440 | 8,782,585 | ||||||
Sitronix Technology Corp.(b) | 232,000 | 1,943,294 | ||||||
Stark Technology, Inc. | 454,000 | 1,124,936 | ||||||
Supreme Electronics Co., Ltd. | 1,415,000 | 2,122,525 | ||||||
Synnex Technology International Corp. | 3,976,000 | 7,594,435 | ||||||
Systex Corp. | 588,000 | 1,805,236 | ||||||
Taiwan Cement Corp.(b) | 13,000,135 | 21,322,900 | ||||||
Taiwan Cogeneration Corp. | 928,000 | 1,263,547 | ||||||
Taiwan Hon Chuan Enterprise Co., Ltd. | 860,000 | 2,085,725 | ||||||
Taiwan Mobile Co., Ltd. | 3,341,253 | 11,499,353 | ||||||
Taiwan Navigation Co., Ltd.(b) | 1,559,000 | 1,311,324 | ||||||
Taiwan PCB Techvest Co., Ltd. | 792,000 | 1,440,606 | ||||||
Taiwan Secom Co., Ltd. | 579,000 | 1,893,271 | ||||||
Taiyen Biotech Co., Ltd.(b) | 715,000 | 850,743 | ||||||
Test Research, Inc. | 583,000 | 1,207,560 | ||||||
Thinking Electronic Industrial Co., Ltd.(b) | 181,000 | 1,217,958 | ||||||
Tong Yang Industry Co., Ltd.(b) | 723,000 | 918,542 | ||||||
Topco Scientific Co., Ltd. | 405,435 | 1,939,574 | ||||||
Tripod Technology Corp. | 1,243,000 | 6,120,685 | ||||||
Tung Ho Steel Enterprise Corp. | 2,049,000 | 3,199,206 | ||||||
TYC Brother Industrial Co., Ltd. | 760,000 | 623,278 | ||||||
U-Ming Marine Transport Corp.(b) | 1,549,000 | 2,242,095 | ||||||
United Integrated Services Co., Ltd.(b) | 442,000 | 3,833,982 | ||||||
Wistron Corp.(b) | 8,976,561 | 10,539,193 | ||||||
WPG Holdings Ltd. | 2,848,280 | 4,871,414 | ||||||
Yulon Nissan Motor Co., Ltd.(b) | 117,000 | 1,148,144 | ||||||
ZongTai Real Estate Development Co., Ltd.(b) | 671,000 | 912,445 | ||||||
|
| |||||||
| Total Taiwan |
| 540,978,415 | ||||||
| Thailand – 2.6% |
| |||||||
Bangkok Commercial Asset Management PCL NVDR | 1,585,600 | 1,101,041 | ||||||
Bangkok Land PCL NVDR | 28,970,400 | 1,093,922 | ||||||
Gunkul Engineering PCL NVDR(b) | 12,816,200 | 1,533,843 | ||||||
Intouch Holdings PCL NVDR | 2,304,000 | 4,276,224 | ||||||
Jay Mart PCL NVDR | 1,106,600 | 1,513,829 | ||||||
MC Group PCL NVDR | 1,481,400 | 530,934 | ||||||
MCS Steel PCL NVDR | 1,452,200 | 650,586 | ||||||
Origin Property PCL NVDR(b) | 1,959,800 | 529,930 | ||||||
Pruksa Holding PCL NVDR | 3,492,800 | 1,430,651 | ||||||
PTT Exploration & Production PCL NVDR | 2,207,500 | 8,052,960 | ||||||
Quality Houses PCL NVDR | 16,111,600 | 1,268,305 | ||||||
Ratch Group PCL NVDR | 686,700 | 1,126,188 | ||||||
SC Asset Corp. PCL NVDR | 14,123,300 | 1,464,304 | ||||||
Siam Commercial Bank PCL (The) NVDR | 1,866,000 | 6,657,888 | ||||||
Siam Future Development PCL NVDR | 4,566,800 | 913,360 | ||||||
SPCG PCL NVDR | 1,841,400 | 1,149,034 | ||||||
Srisawad Finance PCL NVDR | 211,500 | 225,036 | ||||||
Supalai PCL NVDR | 2,075,600 | 1,421,371 | ||||||
Thai Vegetable Oil PCL NVDR | 1,089,197 | 1,106,624 | ||||||
Thaifoods Group PCL NVDR(b) | 2,912,300 | 503,245 | ||||||
Thanachart Capital PCL NVDR(b) | 1,331,800 | 1,619,469 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2021
| Investments | Shares | Value | ||||||
Tipco Asphalt PCL NVDR(b) | 1,974,900 | $ | 1,308,174 | |||||
Tisco Financial Group PCL NVDR | 976,900 | 3,040,113 | ||||||
TPI Polene Power PCL NVDR | 13,602,400 | 1,906,512 | ||||||
TTW PCL NVDR | 4,378,777 | 1,653,426 | ||||||
Vinythai PCL NVDR | 1,036,400 | 1,260,262 | ||||||
WHA Corp. PCL NVDR(b) | 13,172,300 | 1,466,867 | ||||||
WHA Utilities and Power PCL NVDR(b) | 4,759,100 | 682,264 | ||||||
|
| |||||||
| Total Thailand |
| 49,486,362 | ||||||
| Turkey – 0.5% |
| |||||||
Aksa Akrilik Kimya Sanayii AS | 710,549 | 1,390,835 | ||||||
Enerjisa Enerji AS(a) | 885,627 | 1,251,997 | ||||||
Ford Otomotiv Sanayi AS | 178,521 | 4,169,534 | ||||||
TAV Havalimanlari Holding AS* | 560,822 | 1,382,361 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 379,402 | 1,517,379 | ||||||
|
| |||||||
| Total Turkey |
| 9,712,106 | ||||||
| TOTAL COMMON STOCKS (Cost: $1,557,151,946) |
| 1,910,477,825 | ||||||
| WARRANTS – 0.0% |
| |||||||
| Thailand – 0.0% |
| |||||||
| MBK PLC, expiring 3/24/22* (Cost: $0) | 41,927 | 16,502 | ||||||
| EXCHANGE-TRADED FUND – 0.1% |
| |||||||
| United States – 0.1% |
| |||||||
| WisdomTree Global High Dividend Fund(d) (Cost: $1,600,025) | 35,000 | 1,640,275 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% |
| |||||||
| United States – 0.3% |
| |||||||
State Street Navigator Securities Lending |
| |||||||
| (Cost: $7,103,423) | 7,103,423 | 7,103,423 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.1% (Cost: $1,565,855,394) |
| 1,919,238,025 | ||||||
Other Assets less Liabilities – (0.1)% |
| (2,536,205 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 1,916,701,820 | |||||
| * | Non-income producing security. |
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $108,280,399 and the total market value of the collateral held by the Fund was $130,289,261. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $123,185,838. |
| (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) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (e) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree Global High Dividend Fund | $ | 874,659 | $ | 3,289,807 | $ | 2,772,680 | $ | (99,760 | ) | $ | 348,249 | $ | 1,640,275 | $ | 61,505 | |||||||||||||
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Morgan Stanley & Co. International | 4/1/2021 | 234,002 | USD | 3,490,635 | ZAR | $ | — | $ | (2,391 | ) | ||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 564,646 | USD | 17,712,925 | THB | — | (2,168 | ) | ||||||||||||||||||||
| $ | — | $ | (4,559 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| 34 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 1,910,477,825 | $ | — | $ | — | $ | 1,910,477,825 | ||||||||
Warrants | — | 16,502 | — | 16,502 | ||||||||||||
Exchange-Traded Fund | 1,640,275 | — | — | 1,640,275 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 7,103,423 | — | 7,103,423 | ||||||||||||
Total Investments in Securities | $ | 1,912,118,100 | $ | 7,119,925 | $ | — | $ | 1,919,238,025 | ||||||||
Liabilities: |
| |||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (4,559 | ) | $ | — | $ | (4,559 | ) | ||||||
Total – Net | $ | 1,912,118,100 | $ | 7,115,366 | $ | — | $ | 1,919,233,466 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 35 |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets Multifactor Fund (EMMF)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.1% |
| |||||||
| China – 40.5% |
| |||||||
Agile Group Holdings Ltd. | 18,000 | $ | 29,497 | |||||
Alibaba Group Holding Ltd. ADR* | 560 | 126,969 | ||||||
Anhui Conch Cement Co., Ltd., Class H | 4,500 | 29,259 | ||||||
Anhui Gujing Distillery Co., Ltd., Class B | 1,200 | 16,824 | ||||||
Bank of China Ltd., Class H | 114,000 | 43,404 | ||||||
Bank of Hangzhou Co., Ltd., Class A | 6,300 | 16,233 | ||||||
Beijing Kunlun Tech Co., Ltd., Class A | 4,200 | 15,192 | ||||||
Changchun High & New Technology Industry Group, Inc., Class A* | 100 | 6,907 | ||||||
China Construction Bank Corp., Class H | 50,000 | 42,061 | ||||||
China East Education Holdings Ltd.(a) | 6,500 | 14,163 | ||||||
China Feihe Ltd.(a) | 7,000 | 19,808 | ||||||
China Gas Holdings Ltd. | 4,200 | 17,206 | ||||||
China Hongqiao Group Ltd. | 23,000 | 30,708 | ||||||
China Medical System Holdings Ltd. | 10,000 | 19,783 | ||||||
China Meidong Auto Holdings Ltd. | 10,000 | 46,370 | ||||||
China National Building Material Co., Ltd., Class H | 14,000 | 20,205 | ||||||
China Power International Development Ltd. | 78,000 | 18,159 | ||||||
China Railway Group Ltd., Class H | 34,000 | 17,974 | ||||||
China Resources Cement Holdings Ltd. | 24,000 | 26,950 | ||||||
China Resources Gas Group Ltd. | 4,000 | 22,175 | ||||||
China Resources Power Holdings Co., Ltd. | 16,000 | 21,239 | ||||||
China Resources Sanjiu Medical & Pharmaceutical Co., Ltd., Class A* | 2,400 | 8,956 | ||||||
China Shenhua Energy Co., Ltd., Class H | 10,000 | 20,606 | ||||||
China Tourism Group Duty Free Corp., Ltd., Class A | 700 | 32,686 | ||||||
China Traditional Chinese Medicine Holdings Co., Ltd. | 30,000 | 18,715 | ||||||
China Vanke Co., Ltd., Class H | 3,800 | 14,883 | ||||||
China Yuhua Education Corp., Ltd.(a) | 22,000 | 17,233 | ||||||
China Zheshang Bank Co., Ltd., Class A | 23,700 | 14,715 | ||||||
COSCO Shipping Holdings Co., Ltd., Class H* | 5,000 | 6,431 | ||||||
Dali Foods Group Co., Ltd.(a) | 39,500 | 22,457 | ||||||
Daqin Railway Co., Ltd., Class A | 9,200 | 9,839 | ||||||
GF Securities Co., Ltd., Class H | 24,800 | 38,024 | ||||||
Great Wall Motor Co., Ltd., Class H | 4,000 | 11,088 | ||||||
Guangdong Investment Ltd. | 8,000 | 13,027 | ||||||
Guangzhou Kingmed Diagnostics Group Co., Ltd., Class A | 300 | 5,815 | ||||||
Guangzhou R&F Properties Co., Ltd., Class H | 18,000 | 23,755 | ||||||
Haitian International Holdings Ltd. | 6,000 | 23,925 | ||||||
Hansoh Pharmaceutical Group Co., Ltd.*(a) | 6,000 | 28,748 | ||||||
Hengan International Group Co., Ltd. | 3,500 | 23,005 | ||||||
Hopson Development Holdings Ltd. | 6,000 | 21,609 | ||||||
Huaneng Power International, Inc., Class H | 38,000 | 13,490 | ||||||
Huaxin Cement Co., Ltd., Class A | 4,400 | 15,935 | ||||||
Industrial & Commercial Bank of China Ltd., Class H | 58,000 | 41,629 | ||||||
JD.com, Inc. ADR* | 618 | 52,116 | ||||||
Jiangsu Expressway Co., Ltd., Class H | 16,000 | 19,922 | ||||||
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., Class A | 2,900 | 11,609 | ||||||
Jointown Pharmaceutical Group Co., Ltd., Class A* | 5,500 | 15,145 | ||||||
JOYY, Inc. ADR | 223 | 20,902 | ||||||
Kingboard Holdings Ltd. | 12,000 | 64,828 | ||||||
KWG Group Holdings Ltd. | 9,500 | 16,252 | ||||||
Lenovo Group Ltd. | 54,000 | 76,821 | ||||||
Longfor Group Holdings Ltd.(a) | 4,000 | 26,497 | ||||||
Nine Dragons Paper Holdings Ltd. | 19,000 | 27,812 | ||||||
Offcn Education Technology Co., Ltd., Class A | 1,800 | 7,735 | ||||||
SDIC Power Holdings Co., Ltd., Class A | 8,300 | 12,573 | ||||||
Seazen Group Ltd.* | 16,000 | 19,654 | ||||||
Shandong Buchang Pharmaceuticals Co., Ltd., Class A | 4,200 | 14,628 | ||||||
Shandong Linglong Tyre Co., Ltd., Class A | 1,800 | 12,851 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H(b) | 3,000 | 12,792 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd., Class H | 9,400 | 18,451 | ||||||
Shanghai Yuyuan Tourist Mart Group Co., Ltd., Class A* | 9,900 | 16,190 | ||||||
Shenzhen International Holdings Ltd. | 10,500 | 17,585 | ||||||
Shenzhen Investment Ltd. | 52,000 | 18,059 | ||||||
Sinotruk Hong Kong Ltd. | 4,000 | 11,988 | ||||||
Suning.com Co., Ltd., Class A | 14,100 | 14,799 | ||||||
Tencent Holdings Ltd. | 1,700 | 133,386 | ||||||
Tingyi Cayman Islands Holding Corp. | 12,000 | 22,041 | ||||||
Tongcheng-Elong Holdings Ltd.* | 19,600 | 44,220 | ||||||
Topsports International Holdings Ltd.(a) | 23,000 | 34,258 | ||||||
Uni-President China Holdings Ltd. | 23,000 | 27,987 | ||||||
Vipshop Holdings Ltd. ADR* | 1,383 | 41,296 | ||||||
Wangfujing Group Co., Ltd., Class A | 3,300 | 15,113 | ||||||
Want Want China Holdings Ltd. | 34,000 | 25,496 | ||||||
Wuchan Zhongda Group Co., Ltd., Class A | 21,200 | 15,718 | ||||||
Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A | 3,500 | 11,725 | ||||||
Xiamen C & D, Inc., Class A | 7,000 | 8,992 | ||||||
Xinjiang Goldwind Science & Technology Co., Ltd., Class H | 6,800 | 12,770 | ||||||
Yadea Group Holdings Ltd.(a) | 4,000 | 8,880 | ||||||
Yanzhou Coal Mining Co., Ltd., Class H | 14,000 | 16,567 | ||||||
Yuexiu Property Co., Ltd. | 84,000 | 19,016 | ||||||
Yum China Holdings, Inc. | 427 | 25,283 | ||||||
Zhejiang Expressway Co., Ltd., Class H | 18,000 | 15,952 | ||||||
Zhongsheng Group Holdings Ltd. | 10,500 | 74,012 | ||||||
|
| |||||||
| Total China |
| 2,089,578 | ||||||
| Hong Kong – 1.1% |
| |||||||
Kingboard Laminates Holdings Ltd. | 17,000 | 36,779 | ||||||
Vinda International Holdings Ltd. | 6,000 | 20,259 | ||||||
|
| |||||||
| Total Hong Kong |
| 57,038 | ||||||
| Hungary – 0.4% |
| |||||||
Richter Gedeon Nyrt | 703 | 20,767 | ||||||
| India – 10.6% |
| |||||||
Aurobindo Pharma Ltd. | 590 | 7,112 | ||||||
Bajaj Auto Ltd.* | 266 | 13,354 | ||||||
Britannia Industries Ltd. | 316 | 15,668 | ||||||
Cipla Ltd.* | 1,516 | 16,901 | ||||||
Coal India Ltd. | 3,149 | 5,614 | ||||||
Colgate-Palmolive India Ltd. | 843 | 17,979 | ||||||
Dr. Reddy’s Laboratories Ltd. | 277 | 17,110 | ||||||
See Notes to Financial Statements.
| 36 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Multifactor Fund (EMMF)
March 31, 2021
| Investments | Shares | Value | ||||||
GAIL India Ltd. | 2,488 | $ | 4,611 | |||||
Grasim Industries Ltd. | 1,216 | 24,125 | ||||||
HCL Technologies Ltd. | 5,459 | 73,369 | ||||||
Hindustan Petroleum Corp., Ltd. | 1,509 | 4,840 | ||||||
Indian Oil Corp., Ltd. | 6,163 | 7,742 | ||||||
Infosys Ltd. | 3,204 | 59,951 | ||||||
Infosys Ltd. ADR | 664 | 12,430 | ||||||
Ipca Laboratories Ltd. | 552 | 14,373 | ||||||
Lupin Ltd. | 1,012 | 14,125 | ||||||
Marico Ltd. | 3,137 | 17,647 | ||||||
MRF Ltd. | 13 | 14,626 | ||||||
Petronet LNG Ltd. | 1,917 | 5,890 | ||||||
Power Grid Corp. of India Ltd. | 2,997 | 8,840 | ||||||
Sun Pharmaceutical Industries Ltd. | 1,845 | 15,085 | ||||||
Tech Mahindra Ltd. | 5,149 | 69,822 | ||||||
Torrent Pharmaceuticals Ltd. | 460 | 16,012 | ||||||
Vedanta Ltd. | 6,167 | 19,295 | ||||||
Wipro Ltd. | 9,667 | 54,758 | ||||||
Wipro Ltd. ADR | 2,367 | 15,007 | ||||||
|
| |||||||
| Total India |
| 546,286 | ||||||
| Malaysia – 4.4% |
| |||||||
Fraser & Neave Holdings Bhd | 1,600 | 11,576 | ||||||
Genting Plantations Bhd | 4,600 | 10,095 | ||||||
HAP Seng Consolidated Bhd | 7,000 | 14,096 | ||||||
Hartalega Holdings Bhd | 3,100 | 6,676 | ||||||
Hong Leong Financial Group Bhd | 4,300 | 18,065 | ||||||
IHH Healthcare Bhd | 7,000 | 8,981 | ||||||
IOI Corp. Bhd | 10,200 | 10,307 | ||||||
Kossan Rubber Industries | 6,100 | 4,796 | ||||||
Kuala Lumpur Kepong Bhd | 2,200 | 12,171 | ||||||
MISC Bhd | 5,900 | 9,704 | ||||||
Nestle Malaysia Bhd | 600 | 19,535 | ||||||
Petronas Gas Bhd | 3,200 | 12,348 | ||||||
QL Resources Bhd | 12,200 | 17,830 | ||||||
Sime Darby Bhd | 24,400 | 14,123 | ||||||
Supermax Corp. Bhd | 5,700 | 5,237 | ||||||
Telekom Malaysia Bhd | 17,700 | 26,167 | ||||||
Tenaga Nasional Bhd | 4,000 | 9,763 | ||||||
Top Glove Corp. Bhd | 5,500 | 5,995 | ||||||
Westports Holdings Bhd | 10,900 | 11,041 | ||||||
|
| |||||||
| Total Malaysia |
| 228,506 | ||||||
| Mexico – 1.0% |
| |||||||
Gruma S.A.B. de C.V., Class B | 1,350 | 15,927 | ||||||
Grupo Mexico S.A.B. de C.V. Series B | 4,500 | 23,634 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V., Class A | 8,600 | 14,682 | ||||||
|
| |||||||
| Total Mexico |
| 54,243 | ||||||
| Philippines – 2.6% |
| |||||||
Globe Telecom, Inc. | 630 | 24,402 | ||||||
International Container Terminal Services, Inc. | 4,200 | 10,470 | ||||||
Manila Electric Co. | 3,230 | 18,101 | ||||||
Metro Pacific Investments Corp. | 263,000 | 20,265 | ||||||
PLDT, Inc. | 1,225 | 30,816 | ||||||
Puregold Price Club, Inc. | 17,920 | 14,509 | ||||||
Universal Robina Corp. | 5,420 | 14,852 | ||||||
|
| |||||||
| Total Philippines |
| 133,415 | ||||||
| Poland – 1.0% |
| |||||||
Cyfrowy Polsat S.A. | 4,592 | 34,399 | ||||||
Dino Polska S.A.*(a) | 139 | 9,180 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo S.A. | 3,852 | 5,871 | ||||||
|
| |||||||
| Total Poland |
| 49,450 | ||||||
| Russia – 2.1% |
| |||||||
Novolipetsk Steel PJSC GDR | 980 | 31,243 | ||||||
PhosAgro PJSC GDR(c) | 1,910 | 33,272 | ||||||
Severstal PAO GDR(c) | 1,690 | 34,104 | ||||||
X5 Retail Group N.V. GDR(c) | 386 | 12,445 | ||||||
|
| |||||||
| Total Russia |
| 111,064 | ||||||
| South Africa – 4.7% |
| |||||||
African Rainbow Minerals Ltd. | 944 | 17,779 | ||||||
AngloGold Ashanti Ltd. | 808 | 17,611 | ||||||
Aspen Pharmacare Holdings Ltd.* | 894 | 8,740 | ||||||
Gold Fields Ltd. | 1,776 | 16,539 | ||||||
Harmony Gold Mining Co., Ltd.*(b) | 4,088 | 17,331 | ||||||
Impala Platinum Holdings Ltd. | 875 | 16,220 | ||||||
Kumba Iron Ore Ltd. | 440 | 18,132 | ||||||
MTN Group | 1,733 | 10,193 | ||||||
MultiChoice Group | 3,594 | 31,385 | ||||||
Shoprite Holdings Ltd. | 1,194 | 12,705 | ||||||
Sibanye Stillwater Ltd.(b) | 3,108 | 13,681 | ||||||
SPAR Group Ltd. (The) | 1,169 | 15,033 | ||||||
Tiger Brands Ltd. | 1,035 | 14,772 | ||||||
Vodacom Group Ltd. | 3,879 | 33,168 | ||||||
|
| |||||||
| Total South Africa |
| 243,289 | ||||||
| South Korea – 8.4% |
| |||||||
BGF Retail Co., Ltd. | 139 | 19,405 | ||||||
Cheil Worldwide, Inc. | 1,318 | 24,747 | ||||||
CJ Logistics Corp.* | 168 | 27,165 | ||||||
Hankook Tire & Technology Co., Ltd. | 787 | 34,109 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 1,115 | 24,137 | ||||||
Kia Motors Corp. | 451 | 33,036 | ||||||
KT&G Corp. | 616 | 44,305 | ||||||
Kumho Petrochemical Co., Ltd. | 219 | 51,279 | ||||||
Meritz Securities Co., Ltd. | 4,732 | 19,275 | ||||||
Pearl Abyss Corp.* | 111 | 30,218 | ||||||
Samsung Electronics Co., Ltd. | 1,315 | 94,580 | ||||||
Seegene, Inc. | 288 | 33,107 | ||||||
|
| |||||||
| Total South Korea |
| 435,363 | ||||||
| Taiwan – 19.6% |
| |||||||
Accton Technology Corp. | 1,000 | 9,673 | ||||||
Acer, Inc. | 19,000 | 20,942 | ||||||
ASE Technology Holding Co., Ltd. | 4,000 | 15,070 | ||||||
Asia Cement Corp. | 4,000 | 6,701 | ||||||
Asustek Computer, Inc. | 2,000 | 26,110 | ||||||
Catcher Technology Co., Ltd. | 2,000 | 14,825 | ||||||
Cathay Financial Holding Co., Ltd. | 82,000 | 137,802 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Multifactor Fund (EMMF)
March 31, 2021
| Investments | Shares | Value | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 4,000 | $ | 6,757 | |||||
Chicony Electronics Co., Ltd. | 6,000 | 21,344 | ||||||
China Life Insurance Co., Ltd. | 34,480 | 31,117 | ||||||
Compal Electronics, Inc. | 23,000 | 21,523 | ||||||
Delta Electronics, Inc. | 2,000 | 20,187 | ||||||
Evergreen Marine Corp. Taiwan Ltd.* | 4,000 | 6,379 | ||||||
Fubon Financial Holding Co., Ltd. | 67,000 | 133,375 | ||||||
Globalwafers Co., Ltd. | 1,000 | 26,285 | ||||||
Hon Hai Precision Industry Co., Ltd. | 4,000 | 17,383 | ||||||
Innolux Corp.* | 15,000 | 11,092 | ||||||
Inventec Corp. | 20,000 | 18,925 | ||||||
Lite-On Technology Corp. | 10,000 | 22,010 | ||||||
Micro-Star International Co., Ltd. | 3,000 | 18,295 | ||||||
Novatek Microelectronics Corp. | 1,000 | 20,152 | ||||||
Pegatron Corp. | 7,000 | 18,179 | ||||||
Phison Electronics Corp. | 1,000 | 17,121 | ||||||
Pou Chen Corp. | 5,000 | 5,783 | ||||||
Powertech Technology, Inc. | 5,000 | 18,487 | ||||||
President Chain Store Corp. | 1,000 | 9,533 | ||||||
Quanta Computer, Inc. | 6,000 | 20,608 | ||||||
Realtek Semiconductor Corp. | 1,000 | 17,313 | ||||||
Standard Foods Corp. | 2,000 | 4,108 | ||||||
Synnex Technology International Corp. | 11,000 | 21,011 | ||||||
Taiwan Cement Corp. | 3,285 | 5,388 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 8,000 | 164,581 | ||||||
Uni-President Enterprises Corp. | 2,000 | 5,117 | ||||||
Unimicron Technology Corp. | 2,000 | 6,414 | ||||||
United Microelectronics Corp. | 10,000 | 17,594 | ||||||
Vanguard International Semiconductor Corp. | 4,000 | 15,140 | ||||||
Win Semiconductors Corp. | 1,000 | 13,703 | ||||||
Winbond Electronics Corp. | 6,000 | 6,203 | ||||||
Wistron Corp. | 14,000 | 16,437 | ||||||
WPG Holdings Ltd. | 12,000 | 20,524 | ||||||
|
| |||||||
| Total Taiwan |
| 1,009,191 | ||||||
| Turkey – 2.7% |
| |||||||
Akbank T.A.S. | 56,439 | 31,983 | ||||||
BIM Birlesik Magazalar AS | 1,966 | 16,771 | ||||||
Eregli Demir ve Celik Fabrikalari T.A.S. | 9,855 | 18,171 | ||||||
Ford Otomotiv Sanayi AS | 686 | 16,022 | ||||||
Turkcell Iletisim Hizmetleri AS | 13,992 | 25,308 | ||||||
Turkiye Is Bankasi AS Group C* | 28,647 | 16,684 | ||||||
Yapi ve Kredi Bankasi AS* | 55,096 | 14,646 | ||||||
|
| |||||||
| Total Turkey |
| 139,585 | ||||||
| TOTAL COMMON STOCKS (Cost: $4,366,554) |
| 5,117,775 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% |
| |||||||
| United States – 0.2% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $8,550) | 8,550 | 8,550 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 99.3% (Cost: $4,375,104) |
| 5,126,325 | ||||||
Other Assets less Liabilities – 0.7% |
| 35,274 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 5,161,599 | |||||
| * | Non-income producing security. |
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $32,692 and the total market value of the collateral held by the Fund was $34,481. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $25,931. |
| (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 March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree Emerging Markets Multifactor Fund^ | $ | — | $ | 97,989 | $ | 95,342 | $ | (2,647 | ) | $ | — | $ | — | $ | 593 | |||||||||||||
| ^ | As of March 31, 2021, the Fund did not hold a position in this affiliate. |
See Notes to Financial Statements.
| 38 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets Multifactor Fund (EMMF)
March 31, 2021
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Citibank N.A. | 4/8/2021 | 20,664 | USD | 6,376,092 | HUF | $ | — | $ | (22 | ) | ||||||||||||||||||
HSBC Holdings PLC | 4/1/2021 | 32,610 | ZAR | 2,177 | USD | 31 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 175,644 | USD | 1,284,512 | TRY | 21,133 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 46,494 | USD | 179,998 | PLN | 877 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/5/2021 | 74,302 | PHP | 1,534 | USD | — | (3 | ) | ||||||||||||||||||||
| $ | 22,041 | $ | (25 | ) | ||||||||||||||||||||||||
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 5,117,775 | $ | — | $ | — | $ | 5,117,775 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 8,550 | — | 8,550 | ||||||||||||
Total Investments in Securities | $ | 5,117,775 | $ | 8,550 | $ | — | $ | 5,126,325 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 22,041 | $ | — | $ | 22,041 | ||||||||
Liabilities: |
| |||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (25 | ) | $ | — | $ | (25 | ) | ||||||
Total – Net | $ | 5,117,775 | $ | 30,566 | $ | — | $ | 5,148,341 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 39 |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 100.1% |
| |||||||
| Brazil – 4.2% | ||||||||
B3 S.A. – Brasil Bolsa Balcao | 38,128 | $ | 369,050 | |||||
Banco Bradesco S.A. | 57,308 | 238,758 | ||||||
Banco Bradesco S.A., Preference Shares | 83,394 | 395,615 | ||||||
Banco do Brasil S.A. | 38,886 | 209,831 | ||||||
Banco Santander Brasil S.A. | 28,896 | 202,779 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo | 24,997 | 182,505 | ||||||
Cia Paranaense de Energia, Class A, Preference Shares | 117,350 | 148,273 | ||||||
CPFL Energia S.A. | 35,006 | 188,709 | ||||||
Equatorial Energia S.A. | 60,036 | 263,848 | ||||||
Itausa S.A., Preference Shares | 137,783 | 251,980 | ||||||
Lojas Americanas S.A., Preference Shares | 46,449 | 184,051 | ||||||
Lojas Renner S.A. | 30,213 | 228,030 | ||||||
Petrobras Distribuidora S.A. | 41,407 | 162,018 | ||||||
Porto Seguro S.A. | 18,771 | 156,275 | ||||||
Raia Drogasil S.A. | 36,459 | 161,911 | ||||||
Telefonica Brasil S.A. | 20,816 | 163,156 | ||||||
TIM S.A. | 111,556 | 250,472 | ||||||
WEG S.A. | 18,910 | 249,855 | ||||||
|
| |||||||
| Total Brazil |
| 4,007,116 | ||||||
| Chile – 0.7% | ||||||||
Embotelladora Andina S.A., Class B, Preference Shares | 63,291 | 168,271 | ||||||
Empresa Nacional de Telecomunicaciones S.A. | 31,370 | 197,591 | ||||||
Enel Americas S.A. | 1,488,881 | 248,906 | ||||||
|
| |||||||
| Total Chile |
| 614,768 | ||||||
| China – 32.5% | ||||||||
Anhui Conch Cement Co., Ltd., Class A | 37,800 | 295,365 | ||||||
ANTA Sports Products Ltd. | 31,000 | 505,605 | ||||||
Apeloa Pharmaceutical Co., Ltd., Class A | 24,300 | 105,467 | ||||||
BAIC Motor Corp., Ltd., Class H(a) | 282,500 | 90,479 | ||||||
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A | 17,400 | 135,802 | ||||||
Brilliance China Automotive Holdings Ltd. | 242,000 | 227,232 | ||||||
BYD Electronic International Co., Ltd.(b) | 39,000 | 227,746 | ||||||
Centre Testing International Group Co., Ltd., Class A | 25,200 | 109,565 | ||||||
China Aoyuan Group Ltd. | 208,000 | 223,398 | ||||||
China Conch Venture Holdings Ltd. | 72,000 | 338,493 | ||||||
China Everbright Environment Group Ltd. | 232,000 | 156,965 | ||||||
China Gas Holdings Ltd. | 74,200 | 303,979 | ||||||
China Jinmao Holdings Group Ltd. | 486,000 | 195,039 | ||||||
China Lesso Group Holdings Ltd. | 114,000 | 245,172 | ||||||
China Medical System Holdings Ltd. | 208,000 | 411,481 | ||||||
China Mengniu Dairy Co., Ltd.* | 81,000 | 463,634 | ||||||
China Merchants Bank Co., Ltd., Class H | 77,500 | 591,634 | ||||||
China National Building Material Co., Ltd., Class H | 324,000 | 467,593 | ||||||
China Oilfield Services Ltd., Class H | 284,000 | 292,239 | ||||||
China Overseas Land & Investment Ltd. | 90,000 | 233,843 | ||||||
China Overseas Property Holdings Ltd. | 275,000 | 256,803 | ||||||
China Railway Group Ltd., Class H | 319,000 | 168,641 | ||||||
China Resources Beer Holdings Co., Ltd. | 42,000 | 329,271 | ||||||
China Resources Cement Holdings Ltd. | 332,000 | 372,806 | ||||||
China Resources Gas Group Ltd. | 58,000 | 321,540 | ||||||
China Resources Land Ltd. | 85,000 | 411,637 | ||||||
China Shenhua Energy Co., Ltd., Class H | 119,000 | 245,211 | ||||||
China Yuhua Education Corp., Ltd.(a) | 144,000 | 112,800 | ||||||
Chongqing Zhifei Biological Products Co., Ltd., Class A | 22,700 | 597,334 | ||||||
CIFI Holdings Group Co., Ltd. | 416,000 | 403,455 | ||||||
Country Garden Holdings Co., Ltd.(b) | 270,518 | 347,262 | ||||||
Da An Gene Co., Ltd. of Sun Yat-Sen University, Class A | 17,100 | 79,383 | ||||||
ENN Energy Holdings Ltd. | 28,100 | 450,716 | ||||||
Far East Horizon Ltd.(b) | 343,000 | 412,070 | ||||||
G-bits Network Technology Xiamen Co., Ltd., Class A | 1,100 | 62,458 | ||||||
Geely Automobile Holdings Ltd. | 153,000 | 389,267 | ||||||
Great Wall Motor Co., Ltd., Class H(b) | 108,500 | 300,751 | ||||||
Guangdong Investment Ltd. | 124,000 | 201,923 | ||||||
Guangzhou Shiyuan Electronic Technology Co., Ltd., Class A | 6,100 | 121,274 | ||||||
Haitong Securities Co., Ltd., Class H | 167,200 | 154,631 | ||||||
Hangzhou Tigermed Consulting Co., Ltd., Class A | 5,000 | 114,500 | ||||||
Huaxin Cement Co., Ltd., Class A | 24,500 | 88,731 | ||||||
Industrial & Commercial Bank of China Ltd., Class H | 809,000 | 580,648 | ||||||
Jiangsu Hengli Hydraulic Co., Ltd., Class A | 9,500 | 129,638 | ||||||
Jiangsu Hengrui Medicine Co., Ltd., Class A | 30,477 | 428,166 | ||||||
Jiangsu Zhongnan Construction Group Co., Ltd., Class A | 64,500 | 68,682 | ||||||
Kweichow Moutai Co., Ltd., Class A | 1,600 | 490,374 | ||||||
KWG Group Holdings Ltd. | 276,000 | 472,162 | ||||||
Lenovo Group Ltd. | 270,000 | 384,104 | ||||||
Lepu Medical Technology Beijing Co., Ltd., Class A | 39,700 | 177,514 | ||||||
Logan Group Co., Ltd. | 211,000 | 355,536 | ||||||
Longfor Group Holdings Ltd.(a) | 80,500 | 533,253 | ||||||
NetEase, Inc. ADR | 7,419 | 766,086 | ||||||
New China Life Insurance Co., Ltd., Class H | 69,700 | 269,854 | ||||||
People’s Insurance Co. Group of China Ltd. (The), Class H | 544,000 | 176,331 | ||||||
Ping An Insurance Group Co. of China Ltd., Class H | 72,500 | 863,068 | ||||||
Postal Savings Bank of China Co., Ltd., Class H(a)(b) | 419,000 | 313,127 | ||||||
Seazen Holdings Co., Ltd., Class A | 19,140 | 142,492 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd., Class H | 108,000 | 213,098 | ||||||
Shanghai Baosight Software Co., Ltd., Class A | 9,100 | 81,116 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd., Class H | 111,100 | 218,072 | ||||||
Shenzhen Expressway Co., Ltd., Class H | 134,000 | 145,127 | ||||||
Shenzhen International Holdings Ltd. | 129,232 | 216,427 | ||||||
Shenzhou International Group Holdings Ltd. | 23,900 | 495,249 | ||||||
Shimao Group Holdings Ltd. | 43,500 | 136,804 | ||||||
Silergy Corp. | 3,000 | 242,351 | ||||||
Sino Biopharmaceutical Ltd. | 437,000 | 437,312 | ||||||
Sinotruk Hong Kong Ltd. | 215,500 | 645,853 | ||||||
See Notes to Financial Statements.
| 40 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
March 31, 2021
| Investments | Shares | Value | ||||||
SSY Group Ltd.(b) | 366,000 | $ | 213,260 | |||||
Sun Art Retail Group Ltd.(b) | 154,000 | 125,982 | ||||||
Sunac China Holdings Ltd. | 80,000 | 343,175 | ||||||
Sunny Optical Technology Group Co., Ltd. | 19,700 | 449,014 | ||||||
Tencent Holdings Ltd. | 61,500 | 4,825,422 | ||||||
Tingyi Cayman Islands Holding Corp. | 194,000 | 356,336 | ||||||
Tsingtao Brewery Co., Ltd., Class H | 22,000 | 194,972 | ||||||
Uni-President China Holdings Ltd. | 259,000 | 315,153 | ||||||
Wanhua Chemical Group Co., Ltd., Class A | 9,500 | 153,043 | ||||||
Want Want China Holdings Ltd. | 336,000 | 251,964 | ||||||
Weichai Power Co., Ltd., Class H | 188,000 | 464,290 | ||||||
Wuhan Guide Infrared Co., Ltd., Class A | 16,500 | 90,140 | ||||||
Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A | 77,500 | 259,634 | ||||||
Xinyi Solar Holdings Ltd. | 116,000 | 190,686 | ||||||
Yealink Network Technology Corp Ltd., Class A | 9,000 | 93,597 | ||||||
Yihai International Holding Ltd.*(b) | 47,000 | 486,658 | ||||||
Yuexiu Property Co., Ltd. | 694,000 | 157,110 | ||||||
Zhejiang Dingli Machinery Co., Ltd., Class A | 5,700 | 83,739 | ||||||
Zhongsheng Group Holdings Ltd. | 90,700 | 639,320 | ||||||
Zijin Mining Group Co., Ltd., Class H | 210,000 | 258,231 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd., Class H | 137,200 | 195,888 | ||||||
|
| |||||||
| Total China |
| 30,693,253 | ||||||
| Hong Kong – 0.3% | ||||||||
Bosideng International Holdings Ltd. | 412,000 | 185,479 | ||||||
Vinda International Holdings Ltd.(b) | 37,000 | 124,929 | ||||||
|
| |||||||
| Total Hong Kong |
| 310,408 | ||||||
| Hungary – 0.2% | ||||||||
Richter Gedeon Nyrt | 6,351 | 187,615 | ||||||
| India – 15.6% | ||||||||
Adani Ports & Special Economic Zone Ltd. | 40,578 | 389,831 | ||||||
Asian Paints Ltd. | 8,628 | 299,433 | ||||||
Aurobindo Pharma Ltd. | 16,464 | 198,454 | ||||||
Bajaj Finance Ltd. | 6,406 | 451,214 | ||||||
Bandhan Bank Ltd.*(a) | 35,397 | 164,074 | ||||||
Berger Paints India Ltd. | 21,741 | 227,479 | ||||||
Britannia Industries Ltd. | 5,670 | 281,124 | ||||||
Cipla Ltd.* | 45,436 | 506,538 | ||||||
Colgate-Palmolive India Ltd. | 9,638 | 205,557 | ||||||
Container Corp. of India Ltd. | 31,702 | 259,292 | ||||||
Divi’s Laboratories Ltd.* | 4,114 | 203,849 | ||||||
Dr. Reddy’s Laboratories Ltd. | 6,650 | 410,749 | ||||||
GAIL India Ltd. | 152,678 | 282,955 | ||||||
Grasim Industries Ltd. | 16,677 | 330,866 | ||||||
Havells India Ltd. | 18,793 | 269,993 | ||||||
HCL Technologies Ltd. | 20,997 | 282,200 | ||||||
HDFC Asset Management Co., Ltd.(a) | 5,237 | 209,082 | ||||||
Hindustan Unilever Ltd. | 15,136 | 503,369 | ||||||
Indraprastha Gas Ltd. | 33,379 | 233,906 | ||||||
Indus Towers Ltd. | 54,514 | 182,673 | ||||||
Info Edge India Ltd. | 3,591 | 210,240 | ||||||
Infosys Ltd. | 54,274 | 1,015,535 | ||||||
ITC Ltd. | 96,857 | 289,457 | ||||||
JSW Steel Ltd. | 84,281 | 540,000 | ||||||
Jubilant Foodworks Ltd.* | 6,432 | 256,084 | ||||||
Larsen & Toubro Ltd. | 14,943 | 289,995 | ||||||
Marico Ltd. | 53,721 | 302,206 | ||||||
Nestle India Ltd. | 1,777 | 417,193 | ||||||
Petronet LNG Ltd. | 95,942 | 294,792 | ||||||
Pidilite Industries Ltd.* | 11,589 | 286,802 | ||||||
Piramal Enterprises Ltd. | 8,936 | 214,271 | ||||||
Power Grid Corp. of India Ltd. | 122,509 | 361,342 | ||||||
Reliance Industries Ltd. | 32,803 | 898,705 | ||||||
Shree Cement Ltd.* | 905 | 364,722 | ||||||
Shriram Transport Finance Co., Ltd. | 17,000 | 330,705 | ||||||
Sun Pharmaceutical Industries Ltd. | 33,167 | 271,183 | ||||||
Tata Consultancy Services Ltd. | 17,412 | 756,803 | ||||||
Tech Mahindra Ltd. | 32,628 | 442,448 | ||||||
Titan Co., Ltd. | 16,688 | 355,620 | ||||||
Torrent Pharmaceuticals Ltd. | 5,852 | 203,705 | ||||||
UltraTech Cement Ltd. | 3,605 | 332,226 | ||||||
UPL Ltd. | 22,962 | 201,578 | ||||||
Wipro Ltd. | 40,806 | 231,144 | ||||||
|
| |||||||
| Total India |
| 14,759,394 | ||||||
| Indonesia – 2.6% | ||||||||
Bank Central Asia Tbk PT | 202,000 | 432,162 | ||||||
Bank Mandiri Persero Tbk PT | 691,300 | 292,702 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 1,311,000 | 397,136 | ||||||
Charoen Pokphand Indonesia Tbk PT | 777,000 | 374,458 | ||||||
Gudang Garam Tbk PT* | 72,000 | 179,319 | ||||||
Indah Kiat Pulp & Paper Tbk PT | 665,600 | 478,865 | ||||||
Kalbe Farma Tbk PT | 2,520,831 | 272,475 | ||||||
|
| |||||||
| Total Indonesia |
| 2,427,117 | ||||||
| Malaysia – 2.1% | ||||||||
AMMB Holdings Bhd | 187,200 | 132,279 | ||||||
Dialog Group Bhd | 261,000 | 195,758 | ||||||
Hartalega Holdings Bhd | 196,000 | 422,110 | ||||||
Kossan Rubber Industries | 78,400 | 61,638 | ||||||
Petronas Gas Bhd | 40,000 | 154,347 | ||||||
PPB Group Bhd | 31,300 | 139,648 | ||||||
Sime Darby Bhd | 225,500 | 130,520 | ||||||
Telekom Malaysia Bhd | 139,700 | 206,526 | ||||||
Tenaga Nasional Bhd | 87,600 | 213,798 | ||||||
Top Glove Corp. Bhd | 140,300 | 152,938 | ||||||
Westports Holdings Bhd | 152,600 | 154,569 | ||||||
|
| |||||||
| Total Malaysia |
| 1,964,131 | ||||||
| Mexico – 0.8% | ||||||||
Gruma S.A.B. de C.V., Class B | 20,360 | 240,204 | ||||||
Grupo Bimbo S.A.B. de C.V. Series A | 150,275 | 315,085 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V., Class A | 91,150 | 155,611 | ||||||
|
| |||||||
| Total Mexico |
| 710,900 | ||||||
| Philippines – 1.4% | ||||||||
Bank of the Philippine Islands | 120,710 | 202,686 | ||||||
Globe Telecom, Inc. | 6,475 | 250,796 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 41 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
March 31, 2021
| Investments | Shares | Value | ||||||
International Container Terminal Services, Inc. | 137,470 | $ | 342,701 | |||||
Megaworld Corp. | 2,568,000 | 189,409 | ||||||
Puregold Price Club, Inc. | 165,200 | 133,760 | ||||||
Universal Robina Corp. | 69,590 | 190,687 | ||||||
|
| |||||||
| Total Philippines |
| 1,310,039 | ||||||
| Poland – 0.2% | ||||||||
Polski Koncern Naftowy Orlen S.A. | 14,122 | 227,111 | ||||||
| Russia – 1.7% | ||||||||
Mobile TeleSystems PJSC ADR | 25,503 | 212,695 | ||||||
Novatek PJSC GDR(c) | 2,310 | 456,225 | ||||||
Polymetal International PLC | 10,570 | 207,012 | ||||||
Rosneft Oil Co. PJSC GDR(c) | 46,074 | 348,411 | ||||||
Surgutneftegas PJSC ADR | 31,589 | 141,835 | ||||||
VTB Bank PJSC GDR(c) | 184,417 | 201,014 | ||||||
|
| |||||||
| Total Russia |
| 1,567,192 | ||||||
| Singapore – 0.2% | ||||||||
BOC Aviation Ltd.(a) | 19,200 | 185,963 | ||||||
| South Africa – 2.2% | ||||||||
Anglo American Platinum Ltd.(b) | 3,536 | 515,365 | ||||||
Exxaro Resources Ltd. | 26,507 | 312,097 | ||||||
Gold Fields Ltd. | 25,208 | 234,748 | ||||||
Kumba Iron Ore Ltd. | 9,695 | 399,520 | ||||||
Sanlam Ltd. | 56,179 | 226,485 | ||||||
SPAR Group Ltd. (The) | 19,524 | 251,073 | ||||||
Vodacom Group Ltd. | 21,502 | 183,855 | ||||||
|
| |||||||
| Total South Africa |
| 2,123,143 | ||||||
| South Korea – 13.5% | ||||||||
BGF Retail Co., Ltd. | 1,356 | 189,307 | ||||||
Cheil Worldwide, Inc. | 13,475 | 253,010 | ||||||
CJ CheilJedang Corp. | 429 | 155,793 | ||||||
CJ Corp. | 2,091 | 173,673 | ||||||
CJ ENM Co., Ltd. | 1,686 | 211,988 | ||||||
DL Holdings Co., Ltd. | 1,488 | 115,043 | ||||||
Douzone Bizon Co., Ltd. | 1,368 | 118,699 | ||||||
Fila Holdings Corp. | 5,985 | 228,189 | ||||||
GS Engineering & Construction Corp. | 12,599 | 478,690 | ||||||
GS Retail Co., Ltd. | 3,945 | 132,981 | ||||||
Hana Financial Group, Inc. | 10,917 | 412,854 | ||||||
Hyundai Glovis Co., Ltd. | 1,125 | 186,382 | ||||||
Korea Aerospace Industries Ltd. | 8,034 | 260,879 | ||||||
Korea Investment Holdings Co., Ltd. | 3,039 | 229,855 | ||||||
Korea Zinc Co., Ltd. | 453 | 163,508 | ||||||
KT&G Corp. | 2,764 | 198,798 | ||||||
Kumho Petrochemical Co., Ltd. | 3,436 | 804,542 | ||||||
LG Corp. | 2,746 | 219,340 | ||||||
LG Electronics, Inc. | 5,389 | 714,248 | ||||||
LG Household & Health Care Ltd. | 301 | 417,557 | ||||||
LG Household & Health Care Ltd., Preference Shares | 371 | 224,550 | ||||||
LG Innotek Co., Ltd. | 1,295 | 235,143 | ||||||
Mirae Asset Daewoo Co., Ltd. | 20,390 | 177,641 | ||||||
NAVER Corp. | 1,812 | 603,600 | ||||||
NCSoft Corp. | 639 | 492,907 | ||||||
Orion Corp. | 1,356 | 156,957 | ||||||
Posco International Corp. | 11,638 | 207,206 | ||||||
S-1 Corp. | 2,495 | 180,112 | ||||||
Samsung C&T Corp. | 2,109 | 232,004 | ||||||
Samsung Electronics Co., Ltd. | 53,504 | 3,848,222 | ||||||
Samsung SDS Co., Ltd. | 1,497 | 255,948 | ||||||
Samsung Securities Co., Ltd. | 7,935 | 276,594 | ||||||
Yuhan Corp. | 2,961 | 164,827 | ||||||
|
| |||||||
| Total South Korea |
| 12,721,047 | ||||||
| Taiwan – 18.8% | ||||||||
Accton Technology Corp. | 29,000 | 280,517 | ||||||
Advantech Co., Ltd. | 27,895 | 346,085 | ||||||
Asia Cement Corp. | 182,000 | 304,896 | ||||||
ASMedia Technology, Inc. | 3,000 | 156,661 | ||||||
Chailease Holding Co., Ltd. | 72,264 | 498,931 | ||||||
Chicony Electronics Co., Ltd. | 73,000 | 259,682 | ||||||
E.Sun Financial Holding Co., Ltd. | 414,131 | 378,818 | ||||||
Eclat Textile Co., Ltd. | 15,000 | 252,339 | ||||||
Feng TAY Enterprise Co., Ltd. | 48,377 | 330,618 | ||||||
Giant Manufacturing Co., Ltd. | 18,000 | 217,012 | ||||||
Hiwin Technologies Corp. | 28,677 | 404,531 | ||||||
Hon Hai Precision Industry Co., Ltd. | 176,000 | 764,869 | ||||||
Largan Precision Co., Ltd. | 3,000 | 337,504 | ||||||
Lite-On Technology Corp. | 115,000 | 253,110 | ||||||
Micro-Star International Co., Ltd. | 73,000 | 445,169 | ||||||
Nanya Technology Corp. | 126,000 | 405,825 | ||||||
Nien Made Enterprise Co., Ltd. | 30,000 | 418,463 | ||||||
Novatek Microelectronics Corp. | 41,000 | 826,236 | ||||||
Powertech Technology, Inc. | 78,000 | 288,403 | ||||||
President Chain Store Corp. | 37,000 | 352,714 | ||||||
Quanta Computer, Inc. | 81,000 | 278,204 | ||||||
Realtek Semiconductor Corp. | 34,000 | 588,652 | ||||||
SinoPac Financial Holdings Co., Ltd. | 444,000 | 199,958 | ||||||
Standard Foods Corp. | 145,000 | 297,796 | ||||||
Synnex Technology International Corp. | 206,000 | 393,474 | ||||||
Taiwan Cement Corp. | 179,000 | 293,597 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 252,000 | 186,794 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 264,291 | 5,437,172 | ||||||
United Microelectronics Corp. | 211,000 | 371,226 | ||||||
Walsin Technology Corp. | 62,000 | 542,144 | ||||||
Wistron Corp. | 170,000 | 199,594 | ||||||
Wiwynn Corp. | 7,000 | 206,813 | ||||||
Yageo Corp. | 38,000 | 736,481 | ||||||
Yuanta Financial Holding Co., Ltd. | 309,000 | 243,665 | ||||||
Zhen Ding Technology Holding Ltd. | 63,000 | 266,060 | ||||||
|
| |||||||
| Total Taiwan | 17,764,013 | |||||||
| Thailand – 2.1% | ||||||||
Charoen Pokphand Foods PCL NVDR | 176,800 | 166,899 | ||||||
Energy Absolute PCL NVDR | 120,900 | 239,866 | ||||||
Global Power Synergy PCL NVDR | 91,000 | 224,224 | ||||||
Home Product Center PCL NVDR | 311,300 | 147,432 | ||||||
Intouch Holdings PCL NVDR | 86,600 | 160,730 | ||||||
See Notes to Financial Statements.
| 42 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
March 31, 2021
| Investments | Shares | Value | ||||||
Krungthai Card PCL NVDR(b) | 128,900 | $ | 325,859 | |||||
Muangthai Capital PCL NVDR | 97,700 | 221,193 | ||||||
Osotspa PCL NVDR | 115,300 | 130,058 | ||||||
PTT Exploration & Production PCL NVDR | 70,300 | 256,454 | ||||||
Thai Union Group PCL NVDR | 289,500 | 136,181 | ||||||
|
| |||||||
| Total Thailand | 2,008,896 | |||||||
| Turkey – 1.0% | ||||||||
Aselsan Elektronik Sanayi ve Ticaret AS | 158,760 | 286,780 | ||||||
Ford Otomotiv Sanayi AS | 21,661 | 505,914 | ||||||
Turkcell Iletisim Hizmetleri AS | 69,652 | 125,986 | ||||||
|
| |||||||
| Total Turkey | 918,680 | |||||||
| TOTAL COMMON STOCKS (Cost: $70,787,248) | 94,500,786 | |||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1% |
| |||||||
| United States – 1.1% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(d) | ||||||||
| (Cost: $1,102,243) | 1,102,243 | 1,102,243 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 101.2% (Cost: $71,889,491) | 95,603,029 | |||||||
Other Assets less Liabilities – (1.2)% | (1,172,491 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 94,430,538 | ||||||
| * | Non-income producing security. |
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,095,951 and the total market value of the collateral held by the Fund was $3,639,473. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,537,230. |
| (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 March 31, 2021. |
| FAIR VALUATION SUMMARY | ||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | ||||||||||||||||
China | $ | 30,466,021 | $ | 227,232 | $ | — | $ | 30,693,253 | ||||||||
Other | 63,807,533 | — | — | 63,807,533 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,102,243 | — | 1,102,243 | ||||||||||||
Total Investments in Securities | $ | 94,273,554 | $ | 1,329,475 | $ | — | $ | 95,603,029 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 43 |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.5% |
| |||||||
| Brazil – 4.4% |
| |||||||
AES Brasil Energia S.A. | 1,551,191 | $ | 4,783,045 | |||||
Alupar Investimento S.A. | 216,920 | 986,000 | ||||||
BR Properties S.A. | 297,684 | 453,674 | ||||||
BrasilAgro – Co. Brasileira de Propriedades Agricolas | 141,264 | 568,761 | ||||||
Cia de Locacao das Americas | 567,928 | 2,493,932 | ||||||
Cia de Saneamento de Minas Gerais-COPASA | 946,377 | 2,532,393 | ||||||
Cia de Saneamento do Parana | 1,160,815 | 4,525,595 | ||||||
Cia Hering | 349,525 | 996,608 | ||||||
Construtora Tenda S.A. | 269,233 | 1,240,008 | ||||||
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes | 1,730,003 | 7,557,075 | ||||||
Direcional Engenharia S.A. | 382,866 | 842,672 | ||||||
Duratex S.A. | 694,175 | 2,299,155 | ||||||
EDP – Energias do Brasil S.A. | 1,230,571 | 4,315,612 | ||||||
Ez Tec Empreendimentos e Participacoes S.A. | 117,523 | 667,484 | ||||||
Fleury S.A. | 604,208 | 2,741,046 | ||||||
Grendene S.A. | 1,164,491 | 1,630,246 | ||||||
Guararapes Confeccoes S.A. | 403,147 | 979,469 | ||||||
Iguatemi Empresa de Shopping Centers S.A. | 157,393 | 1,043,151 | ||||||
JHSF Participacoes S.A. | 733,372 | 904,531 | ||||||
Movida Participacoes S.A. | 222,631 | 660,831 | ||||||
Multiplan Empreendimentos Imobiliarios S.A. | 484,065 | 2,100,789 | ||||||
Odontoprev S.A. | 1,041,300 | 2,426,563 | ||||||
Qualicorp Consultoria e Corretora de Seguros S.A. | 161,809 | 870,265 | ||||||
Sao Martinho S.A. | 287,846 | 1,512,939 | ||||||
SLC Agricola S.A. | 324,490 | 2,566,938 | ||||||
Smiles Fidelidade S.A. | 499,437 | 1,885,169 | ||||||
TOTVS S.A. | 395,123 | 2,025,679 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 3,647,870 | 25,159,507 | ||||||
Wiz Solucoes e Corretagem de Seguros S.A. | 621,012 | 828,676 | ||||||
YDUQS Participacoes S.A. | 637,516 | 3,017,553 | ||||||
|
| |||||||
| Total Brazil |
| 84,615,366 | ||||||
| Chile – 1.3% | ||||||||
AES Gener S.A. | 28,002,879 | 4,757,449 | ||||||
Empresa Nacional de Telecomunicaciones S.A. | 653,859 | 4,118,474 | ||||||
Engie Energia Chile S.A. | 2,443,946 | 2,789,548 | ||||||
Inversiones Aguas Metropolitanas S.A. | 3,268,360 | 2,570,467 | ||||||
Parque Arauco S.A. | 2,302,267 | 4,502,624 | ||||||
SMU S.A. | 14,430,858 | 2,370,325 | ||||||
SONDA S.A. | 1,504,053 | 967,250 | ||||||
Vina Concha y Toro S.A. | 1,377,314 | 2,371,572 | ||||||
|
| |||||||
| Total Chile |
| 24,447,709 | ||||||
| China – 18.2% | ||||||||
Anhui Zhongding Sealing Parts Co., Ltd., Class A | 563,900 | 855,098 | ||||||
Asia Cement China Holdings Corp.(a) | 4,505,000 | 4,618,314 | ||||||
Asiainfo Technologies Ltd.(a)(b) | 1,147,200 | 1,764,821 | ||||||
Ausnutria Dairy Corp., Ltd.*(a) | 2,011,000 | 2,633,238 | ||||||
BAIC Motor Corp., Ltd., Class H(a)(b) | 11,954,000 | 3,828,626 | ||||||
Bank of Chongqing Co., Ltd., Class H | 1,888,500 | 1,294,716 | ||||||
Beijing Jingneng Clean Energy Co., Ltd., Class H(a) | 10,428,000 | 2,360,717 | ||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd.(a) | 837,000 | 1,143,353 | ||||||
C&D International Investment Group Ltd.(a) | 2,905,000 | 5,268,604 | ||||||
CECEP COSTIN New Materials Group Ltd.*† | 4,614,000 | 1 | ||||||
CECEP Solar Energy Co., Ltd., Class A | 2,562,700 | 2,678,031 | ||||||
CECEP Wind-Power Corp., Class A | 1,799,800 | 1,180,647 | ||||||
Central China Real Estate Ltd.(a) | 8,764,000 | 3,900,397 | ||||||
Chaowei Power Holdings Ltd. | 2,104,000 | 790,240 | ||||||
China Communications Services Corp., Ltd., Class H | 11,494,000 | 5,159,730 | ||||||
China Everbright Greentech Ltd.(a)(b) | 3,891,000 | 1,581,534 | ||||||
China Hanking Holdings Ltd. | 3,333,000 | 574,474 | ||||||
China Harmony Auto Holding Ltd.(a) | 2,511,000 | 1,320,992 | ||||||
China Kepei Education Group Ltd.(a) | 1,668,000 | 1,156,419 | ||||||
China Lilang Ltd. | 4,845,000 | 3,147,136 | ||||||
China Longyuan Power Group Corp., Ltd., Class H | 8,476,000 | 11,512,912 | ||||||
China New Higher Education Group Ltd.(a)(b) | 2,556,000 | 1,423,571 | ||||||
China Overseas Grand Oceans Group Ltd. | 11,722,000 | 7,659,418 | ||||||
China Overseas Property Holdings Ltd. | 1,955,000 | 1,825,634 | ||||||
China Power International Development Ltd. | 54,137,000 | 12,603,846 | ||||||
China Reinsurance Group Corp., Class H | 51,116,000 | 5,457,142 | ||||||
China Resources Double Crane Pharmaceutical Co., Ltd., Class A | 496,688 | 888,052 | ||||||
China Resources Medical Holdings Co., Ltd. | 1,905,500 | 1,499,998 | ||||||
China Risun Group Ltd., Class H(a) | 4,180,000 | 2,440,970 | ||||||
China Sanjiang Fine Chemicals Co., Ltd.(a) | 15,391,000 | 7,206,071 | ||||||
China SCE Group Holdings Ltd. | 14,201,000 | 6,575,848 | ||||||
China South City Holdings Ltd. | 21,734,000 | 2,404,188 | ||||||
China Tian Lun Gas Holdings Ltd.(a) | 1,859,000 | 1,810,113 | ||||||
China Xinhua Education Group Ltd.(b) | 1,649,000 | 494,205 | ||||||
Chinasoft International Ltd.* | 888,000 | 954,882 | ||||||
Chongqing Department Store Co., Ltd., Class A | 257,276 | 1,185,707 | ||||||
CIMC Enric Holdings Ltd.(a) | 4,518,000 | 3,225,296 | ||||||
CIMC Vehicles Group Co., Ltd., Class H(b) | 2,284,000 | 1,809,702 | ||||||
Cinda Real Estate Co., Ltd., Class A | 1,300,800 | 762,025 | ||||||
CITIC Telecom International Holdings Ltd. | 14,344,000 | 5,073,799 | ||||||
COFCO Joycome Foods Ltd.(a) | 12,854,000 | 6,596,925 | ||||||
Colour Life Services Group Co., Ltd.*(a) | 1,706,000 | 746,085 | ||||||
Consun Pharmaceutical Group Ltd. | 6,701,000 | 3,464,942 | ||||||
COSCO Shipping Development Co., Ltd., Class H(a) | 28,610,000 | 4,673,604 | ||||||
CPMC Holdings Ltd.(a) | 4,726,000 | 2,674,710 | ||||||
CT Environmental Group Ltd.*†(a) | 6,050,000 | 198,438 | ||||||
DaFa Properties Group Ltd.(a) | 733,000 | 594,927 | ||||||
Dexin China Holdings Co., Ltd.*(a) | 5,332,000 | 2,050,651 | ||||||
Dongyue Group Ltd.(a) | 9,291,811 | 7,147,133 | ||||||
Duiba Group Ltd.*(a) | 1,394,000 | 410,609 | ||||||
See Notes to Financial Statements.
| 44 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| Investments | Shares | Value | ||||||
Dynagreen Environmental Protection Group Co., Ltd., Class H | 1,473,000 | $ | 729,447 | |||||
E-House China Enterprise Holdings Ltd.(a) | 1,701,300 | 1,590,910 | ||||||
EEKA Fashion Holdings Ltd.(a) | 254,000 | 354,155 | ||||||
Fantasia Holdings Group Co., Ltd.*(a) | 6,378,000 | 836,787 | ||||||
FAWER Automotive Parts Co., Ltd., Class A | 590,200 | 670,784 | ||||||
FriendTimes, Inc.(a) | 3,126,000 | 1,117,800 | ||||||
Fu Shou Yuan International Group Ltd.(a) | 1,548,000 | 1,586,937 | ||||||
Fufeng Group Ltd.* | 8,217,000 | 2,959,386 | ||||||
Fujian Funeng Co., Ltd., Class A | 682,300 | 1,005,495 | ||||||
Fujian Green Pine Co., Ltd., Class A | 164,600 | 535,107 | ||||||
Gansu Qilianshan Cement Group Co., Ltd., Class A | 1,274,200 | 2,861,361 | ||||||
Genertec Universal Medical Group Co., Ltd.(b) | 6,587,500 | 5,405,945 | ||||||
Greatview Aseptic Packaging Co., Ltd. | 6,848,000 | 3,408,828 | ||||||
Greenland Hong Kong Holdings Ltd. | 9,923,000 | 3,586,573 | ||||||
Guangdong Baolihua New Energy Stock Co., Ltd., Class A | 2,714,400 | 2,877,968 | ||||||
Guizhou Bailing Group Pharmaceutical Co., Ltd., Class A | 616,100 | 747,215 | ||||||
Hangcha Group Co., Ltd., Class A | 306,380 | 1,093,713 | ||||||
Harbin Boshi Automation Co., Ltd., Class A | 497,100 | 1,073,827 | ||||||
Hebei Construction Group Corp. Ltd., Class H | 448,500 | 149,991 | ||||||
Hisense Home Appliances Group Co., Ltd., Class H | 1,848,000 | 3,090,122 | ||||||
Homeland Interactive Technology Ltd.(a) | 900,000 | 574,189 | ||||||
Hope Education Group Co., Ltd.(a)(b) | 4,508,000 | 1,507,605 | ||||||
Huafa Industrial Co., Ltd. Zhuhai, Class A | 5,519,738 | 5,178,702 | ||||||
Jiangsu Lihua Animal Husbandry Stock Co., Ltd., Class A | 110,400 | 623,158 | ||||||
Jiangxi Wannianqing Cement Co., Ltd., Class A | 1,251,300 | 2,706,855 | ||||||
Jiayuan International Group Ltd. | 7,784,000 | 3,203,931 | ||||||
Jizhong Energy Resources Co., Ltd., Class A | 2,146,690 | 1,231,358 | ||||||
JNBY Design Ltd. | 1,805,500 | 3,228,068 | ||||||
Liuzhou Iron & Steel Co., Ltd., Class A | 1,897,000 | 1,869,507 | ||||||
Long Yuan Construction Group Co., Ltd., Class A | 453,300 | 355,448 | ||||||
Lonking Holdings Ltd. | 26,024,000 | 11,046,338 | ||||||
Luxi Chemical Group Co., Ltd., Class A | 2,023,900 | 4,794,991 | ||||||
LVGEM China Real Estate Investment Co., Ltd. | 3,822,000 | 1,037,298 | ||||||
ORG Technology Co., Ltd., Class A | 931,000 | 764,116 | ||||||
Pingdingshan Tianan Coal Mining Co., Ltd., Class A | 2,090,300 | 1,715,609 | ||||||
Poly Property Services Co., Ltd.(a) | 78,800 | 547,331 | ||||||
Powerlong Commercial Management Holdings Ltd.(a) | 216,000 | 715,420 | ||||||
Q Technology Group Co., Ltd. | 625,000 | 1,271,794 | ||||||
Qinhuangdao Port Co., Ltd., Class A | 3,088,500 | 1,314,556 | ||||||
Redsun Properties Group Ltd. | 7,875,000 | 2,947,636 | ||||||
S-Enjoy Service Group Co., Ltd.*(a) | 430,000 | 1,319,129 | ||||||
Sailun Group Co., Ltd., Class A | 2,284,400 | 3,146,931 | ||||||
Sany Heavy Equipment International Holdings Co., Ltd. | 3,232,000 | 3,837,102 | ||||||
Shan Xi Hua Yang Group New Energy Co., Ltd., Class A | 2,418,666 | 1,867,040 | ||||||
Shandong Chenming Paper Holdings Ltd., Class H(a) | 2,231,500 | 2,063,745 | ||||||
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Class A | 1,105,730 | 1,735,768 | ||||||
Shanghai AJ Group Co., Ltd., Class A | 2,139,330 | 2,326,991 | ||||||
Shanghai Industrial Holdings Ltd. | 3,607,000 | 5,381,886 | ||||||
Shanghai Industrial Urban Development Group Ltd. | 9,606,000 | 939,045 | ||||||
Shanghai Mechanical and Electrical Industry Co., Ltd., Class A | 308,698 | 908,905 | ||||||
Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd., Class A | 333,900 | 722,813 | ||||||
Shanghai Yaoji Technology Co., Ltd., Class A | 139,000 | 507,228 | ||||||
Shenzhen Expressway Co., Ltd., Class A | 991,592 | 1,600,464 | ||||||
Shenzhen Expressway Co., Ltd., Class H(a) | 6,916,000 | 7,490,269 | ||||||
Shenzhen Jinjia Group Co., Ltd., Class A | 654,785 | 969,941 | ||||||
Shenzhen Tagen Group Co., Ltd., Class A | 3,266,300 | 3,189,065 | ||||||
Shougang Fushan Resources Group Ltd. | 16,166,412 | 4,013,297 | ||||||
Sichuan Languang Justbon Services Group Co., Ltd., Class H | 174,900 | 1,165,333 | ||||||
Sinic Holdings Group Co., Ltd., Class H(a) | 2,916,000 | 1,481,545 | ||||||
Sinofert Holdings Ltd.* | 10,516,000 | 1,352,636 | ||||||
Sinoma International Engineering Co., Class A | 2,554,750 | 3,667,460 | ||||||
Sinopec Kantons Holdings Ltd.(a) | 8,290,000 | 3,166,951 | ||||||
Skyfame Realty Holdings Ltd. | 13,584,000 | 1,659,899 | ||||||
SSY Group Ltd.(a) | 4,516,000 | 2,631,373 | ||||||
Tangshan Sanyou Chemical Industries Co., Ltd., Class A | 1,090,500 | 1,801,696 | ||||||
TCL Electronics Holdings Ltd. | 3,217,000 | 2,486,886 | ||||||
Tian Di Science & Technology Co., Ltd., Class A | 3,329,800 | 1,706,808 | ||||||
Tiangong International Co., Ltd. | 3,002,000 | 1,486,626 | ||||||
Tianjin Guangyu Development Co., Ltd., Class A | 939,900 | 824,474 | ||||||
Tianli Education International Holdings Ltd. | 800,000 | 782,049 | ||||||
Tianneng Power International Ltd.(a) | 4,236,000 | 7,998,570 | ||||||
Titan Wind Energy Suzhou Co., Ltd., Class A | 457,545 | 647,054 | ||||||
Tong Ren Tang Technologies Co., Ltd., Class H | 2,845,888 | 1,943,760 | ||||||
Virscend Education Co., Ltd.(b) | 7,572,000 | 1,519,377 | ||||||
Wasu Media Holding Co., Ltd., Class A | 1,360,500 | 1,722,677 | ||||||
Wellhope Foods Co., Ltd., Class A | 276,800 | 507,572 | ||||||
Wisdom Education International Holdings Co., Ltd.(a) | 3,204,000 | 1,425,932 | ||||||
Wuhan Department Store Group Co., Ltd., Class A | 316,100 | 610,982 | ||||||
Xiamen ITG Group Corp., Ltd., Class A | 1,710,100 | 1,727,058 | ||||||
Xiamen Xiangyu Co., Ltd., Class A | 2,376,600 | 2,331,280 | ||||||
Xinxing Ductile Iron Pipes Co., Ltd., Class A | 5,903,400 | 3,620,392 | ||||||
Xinyu Iron & Steel Co., Ltd., Class A | 2,943,200 | 2,577,264 | ||||||
Xtep International Holdings Ltd.(a) | 7,751,800 | 4,536,744 | ||||||
Yangtze Optical Fibre and Cable Joint Stock Ltd. Co., Class H(a)(b) | 648,000 | 823,497 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 45 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| Investments | Shares | Value | ||||||
YiChang HEC ChangJiang Pharmaceutical Co., Ltd., Class H(a)(b) | 935,600 | $ | 994,032 | |||||
Yuzhou Group Holdings Co., Ltd.(a) | 22,799,700 | 6,803,736 | ||||||
Zhejiang Hisoar Pharmaceutical Co., Ltd., Class A | 1,401,500 | 1,905,014 | ||||||
Zhejiang Medicine Co., Ltd., Class A | 1,470,800 | 3,145,784 | ||||||
Zhejiang Meida Industrial Co., Ltd., Class A | 457,900 | 1,273,458 | ||||||
Zhejiang Sanmei Chemical Industry Co., Ltd., Class A | 261,437 | 683,206 | ||||||
Zhengzhou Coal Mining Machinery Group Co., Ltd., Class A | 1,069,200 | 1,874,158 | ||||||
Zhengzhou Coal Mining Machinery Group Co., Ltd., Class H(a) | 870,600 | 1,225,085 | ||||||
Zhongshan Public Utilities Group Co., Ltd., Class A | 1,356,802 | 1,821,489 | ||||||
Zhou Hei Ya International Holdings Co., Ltd.(a)(b) | 898,000 | 940,223 | ||||||
|
| |||||||
| Total China |
| 351,836,451 | ||||||
| Hong Kong – 1.4% | ||||||||
Canvest Environmental Protection Group Co., Ltd.(a) | 2,933,000 | 1,354,369 | ||||||
China High Speed Transmission Equipment Group Co., Ltd.(a) | 2,804,000 | 2,831,249 | ||||||
China Water Affairs Group Ltd.(a) | 6,194,000 | 5,067,090 | ||||||
Comba Telecom Systems Holdings Ltd.(a) | 1,564,000 | 402,344 | ||||||
Concord New Energy Group Ltd. | 42,970,000 | 3,095,164 | ||||||
Digital China Holdings Ltd.(a) | 2,049,000 | 1,433,743 | ||||||
Guotai Junan International Holdings Ltd.(a) | 18,171,000 | 3,342,298 | ||||||
IVD Medical Holding Ltd. | 1,742,000 | 486,226 | ||||||
Ju Teng International Holdings Ltd. | 6,506,000 | 1,740,635 | ||||||
NetDragon Websoft Holdings Ltd.(a) | 812,500 | 2,069,278 | ||||||
Nissin Foods Co., Ltd.(a) | 959,000 | 730,248 | ||||||
Perfect Shape Medical Ltd. | 6,268,000 | 3,571,602 | ||||||
Prinx Chengshan Cayman Holding Ltd. | 703,000 | 734,246 | ||||||
VPower Group International Holdings Ltd.(a)(b) | 1,431,000 | 331,316 | ||||||
|
| |||||||
| Total Hong Kong |
| 27,189,808 | ||||||
| Hungary – 0.1% | ||||||||
Magyar Telekom Telecommunications PLC | 1,562,459 | 2,063,238 | ||||||
| India – 9.9% | ||||||||
AIA Engineering Ltd. | 66,853 | 1,876,927 | ||||||
Ajanta Pharma Ltd. | 41,981 | 1,028,887 | ||||||
Amara Raja Batteries Ltd. | 244,709 | 2,857,637 | ||||||
Apollo Tyres Ltd. | 866,692 | 2,651,745 | ||||||
Avanti Feeds Ltd. | 78,962 | 447,601 | ||||||
Balmer Lawrie & Co., Ltd. | 711,820 | 1,253,483 | ||||||
Balrampur Chini Mills Ltd. | 295,419 | 866,696 | ||||||
Birlasoft Ltd. | 317,857 | 1,100,117 | ||||||
Blue Star Ltd. | 135,950 | 1,737,081 | ||||||
Castrol India Ltd. | 1,770,983 | 3,035,054 | ||||||
CCL Products India Ltd. | 186,208 | 595,830 | ||||||
CESC Ltd. | 299,913 | 2,434,745 | ||||||
Chambal Fertilizers and Chemicals Ltd. | 1,162,531 | 3,641,965 | ||||||
Cochin Shipyard Ltd.(b) | 246,461 | 1,261,737 | ||||||
Coforge Ltd. | 42,277 | 1,692,468 | ||||||
CRISIL Ltd. | 91,739 | 2,307,473 | ||||||
Cummins India Ltd. | 551,932 | 6,942,391 | ||||||
Cyient Ltd. | 420,910 | 3,727,318 | ||||||
DCM Shriram Ltd. | 166,479 | 1,141,112 | ||||||
Deepak Nitrite Ltd. | 84,336 | 1,910,757 | ||||||
Dr. Lal PathLabs Ltd.(b) | 27,008 | 999,976 | ||||||
Emami Ltd. | 327,826 | 2,179,117 | ||||||
Engineers India Ltd. | 3,199,986 | 3,370,076 | ||||||
EPL Ltd. | 332,412 | 1,071,384 | ||||||
Eris Lifesciences Ltd.(b) | 113,186 | 936,589 | ||||||
Exide Industries Ltd. | 1,542,904 | 3,874,472 | ||||||
Finolex Cables Ltd. | 227,441 | 1,185,053 | ||||||
Finolex Industries Ltd. | 157,991 | 1,374,328 | ||||||
Firstsource Solutions Ltd. | 1,434,692 | 2,235,030 | ||||||
Glenmark Pharmaceuticals Ltd. | 103,956 | 660,729 | ||||||
Godfrey Phillips India Ltd. | 69,333 | 868,396 | ||||||
Godrej Agrovet Ltd.(b) | 54,512 | 390,534 | ||||||
Great Eastern Shipping Co., Ltd. (The) | 495,603 | 2,119,643 | ||||||
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 342,795 | 1,407,493 | ||||||
Gujarat State Fertilizers & Chemicals Ltd. | 724,667 | 805,805 | ||||||
Gujarat State Petronet Ltd. | 679,085 | 2,538,892 | ||||||
HeidelbergCement India Ltd. | 617,192 | 1,971,942 | ||||||
Housing & Urban Development Corp. Ltd. | 1,548,835 | 928,914 | ||||||
ICICI Securities Ltd.(b) | 321,506 | 1,683,302 | ||||||
Indiabulls Housing Finance Ltd.* | 3,313,766 | 8,906,054 | ||||||
Indian Energy Exchange Ltd.(b) | 424,048 | 1,930,187 | ||||||
Indian Hotels Co., Ltd. (The) | 567,723 | 860,742 | ||||||
IRB Infrastructure Developers Ltd. | 857,628 | 1,273,884 | ||||||
IRCON International Ltd.(b) | 480,414 | 580,199 | ||||||
JB Chemicals & Pharmaceuticals Ltd. | 73,836 | 1,267,852 | ||||||
Jindal Saw Ltd. | 633,271 | 642,246 | ||||||
JK Paper Ltd. | 611,408 | 1,253,109 | ||||||
JSW Energy Ltd. | 999,854 | 1,201,377 | ||||||
Jubilant Pharmova Ltd. | 133,252 | 1,241,325 | ||||||
Jyothy Labs Ltd. | 465,517 | 871,009 | ||||||
Kajaria Ceramics Ltd. | 81,647 | 1,035,080 | ||||||
Kalpataru Power Transmission Ltd. | 168,861 | 870,706 | ||||||
KEC International Ltd.* | 176,876 | 993,924 | ||||||
L&T Finance Holdings Ltd. | 1,919,520 | 2,516,435 | ||||||
L&T Technology Services Ltd.(b) | 44,228 | 1,605,398 | ||||||
LIC Housing Finance Ltd. | 1,072,225 | 6,279,622 | ||||||
Mahanagar Gas Ltd. | 194,318 | 3,106,776 | ||||||
Manappuram Finance Ltd. | 682,668 | 1,393,090 | ||||||
Metropolis Healthcare Ltd.(b) | 22,899 | 701,937 | ||||||
MOIL Ltd. | 545,963 | 1,124,203 | ||||||
Multi Commodity Exchange of India Ltd. | 87,207 | 1,804,583 | ||||||
Natco Pharma Ltd. | 93,585 | 1,056,697 | ||||||
Navin Fluorine International Ltd. | 36,877 | 1,389,563 | ||||||
NIIT Ltd. | 896,490 | 1,690,872 | ||||||
NLC India Ltd. | 2,149,877 | 1,481,989 | ||||||
NOCIL Ltd. | 304,781 | 728,461 | ||||||
Oil India Ltd. | 4,343,008 | 7,294,406 | ||||||
Persistent Systems Ltd. | 58,901 | 1,548,418 | ||||||
See Notes to Financial Statements.
| 46 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| Investments | Shares | Value | ||||||
Phillips Carbon Black Ltd. | 318,488 | $ | 831,137 | |||||
Polyplex Corp. Ltd. | 205,072 | 2,420,573 | ||||||
Prestige Estates Projects Ltd. | 201,052 | 840,355 | ||||||
Rallis India Ltd. | 203,975 | 705,269 | ||||||
Redington India Ltd. | 1,249,426 | 3,261,397 | ||||||
Shriram Transport Finance Co., Ltd. | 165,969 | 3,228,636 | ||||||
SJVN Ltd. | 7,685,890 | 2,738,437 | ||||||
Sobha Ltd. | 149,840 | 895,489 | ||||||
Sonata Software Ltd. | 687,932 | 4,791,096 | ||||||
Sterling & Wilson Solar Ltd.* | 212,739 | 752,012 | ||||||
Sterlite Technologies Ltd. | 568,850 | 1,510,942 | ||||||
Sudarshan Chemical Industries | 110,223 | 781,140 | ||||||
Sundaram Finance Ltd. | 97,058 | 3,412,255 | ||||||
Sundram Fasteners Ltd. | 169,598 | 1,856,760 | ||||||
Supreme Industries Ltd. | 87,664 | 2,449,214 | ||||||
Tata Chemicals Ltd. | 732,961 | 7,536,750 | ||||||
Tata Elxsi Ltd. | 74,657 | 2,749,740 | ||||||
Thermax Ltd. | 70,969 | 1,304,138 | ||||||
Timken India Ltd. | 212,262 | 3,763,966 | ||||||
Torrent Power Ltd. | 1,259,182 | 7,298,782 | ||||||
Trident Ltd.* | 6,162,723 | 1,184,268 | ||||||
Varun Beverages Ltd. | 58,255 | 799,123 | ||||||
Welspun Corp., Ltd. | 2,360,344 | 4,466,377 | ||||||
Welspun India Ltd. | 685,835 | 758,404 | ||||||
Yes Bank Ltd.*(c) | 5,997,912 | 1,279,751 | ||||||
|
| |||||||
| Total India |
| 191,378,854 | ||||||
| Indonesia – 1.5% | ||||||||
Ace Hardware Indonesia Tbk PT | 12,160,800 | 1,276,779 | ||||||
AKR Corporindo Tbk PT | 8,113,045 | 1,798,555 | ||||||
Bank BTPN Syariah Tbk PT | 3,980,900 | 953,772 | ||||||
Bank Danamon Indonesia Tbk PT | 6,733,000 | 1,265,479 | ||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 48,946,528 | 4,903,077 | ||||||
Bank Pembangunan Daerah Jawa Timur Tbk PT | 44,820,200 | 2,422,296 | ||||||
Ciputra Development Tbk PT | 13,696,000 | 1,032,504 | ||||||
Industri Jamu Dan Farmasi Sido Muncul Tbk PT | 38,498,100 | 2,080,620 | ||||||
Japfa Comfeed Indonesia Tbk PT | 13,767,700 | 1,819,896 | ||||||
Perusahaan Gas Negara Tbk PT | 53,388,500 | 4,833,451 | ||||||
Surya Citra Media Tbk PT* | 15,018,500 | 1,757,759 | ||||||
Tower Bersama Infrastructure Tbk PT | 22,904,915 | 3,264,246 | ||||||
XL Axiata Tbk PT | 5,167,700 | 743,580 | ||||||
|
| |||||||
| Total Indonesia |
| 28,152,014 | ||||||
| Malaysia – 3.9% | ||||||||
Aeon Co. M Bhd | 5,749,000 | 1,788,547 | ||||||
AEON Credit Service M Bhd | 551,700 | 1,633,878 | ||||||
Alliance Bank Malaysia Bhd* | 4,275,447 | 2,732,409 | ||||||
Astro Malaysia Holdings Bhd | 9,055,800 | 2,096,604 | ||||||
British American Tobacco Malaysia Bhd | 1,420,500 | 4,487,773 | ||||||
Bursa Malaysia Bhd | 3,473,750 | 7,497,905 | ||||||
Carlsberg Brewery Malaysia Bhd | 782,100 | 4,500,399 | ||||||
Datasonic Group Bhd | 5,035,600 | 667,932 | ||||||
DRB-Hicom Bhd | 1,683,000 | 779,298 | ||||||
Duopharma Biotech Bhd | 1,232,700 | 817,539 | ||||||
Frontken Corp. Bhd | 908,200 | 1,112,663 | ||||||
Gamuda Bhd* | 5,393,886 | 4,656,967 | ||||||
Genting Plantations Bhd | 898,700 | 1,972,307 | ||||||
Globetronics Technology Bhd | 3,258,333 | 2,160,959 | ||||||
Guan Chong Bhd | 968,300 | 733,260 | ||||||
Heineken Malaysia Bhd | 600,200 | 3,734,513 | ||||||
IJM Corp. Bhd | 7,728,900 | 3,150,088 | ||||||
Inari Amertron Bhd | 5,355,775 | 4,236,571 | ||||||
KPJ Healthcare Bhd | 6,302,500 | 1,565,555 | ||||||
Lotte Chemical Titan Holding Bhd(b) | 2,142,200 | 1,317,403 | ||||||
Magni-Tech Industries Bhd | 1,516,300 | 852,039 | ||||||
Mah Sing Group Bhd | 9,256,700 | 1,886,389 | ||||||
Malaysia Building Society Bhd | 19,469,000 | 3,098,888 | ||||||
Mega First Corp. Bhd | 606,600 | 1,065,006 | ||||||
MMC Corp. Bhd | 3,702,300 | 919,660 | ||||||
My EG Services Bhd | 4,645,600 | 2,207,122 | ||||||
Scientex Bhd | 3,012,900 | 2,913,717 | ||||||
Serba Dinamik Holdings Bhd | 6,315,400 | 2,589,215 | ||||||
SKP Resources Bhd | 1,462,500 | 779,483 | ||||||
Syarikat Takaful Malaysia Keluarga Bhd | 835,200 | 956,759 | ||||||
TIME dotCom Bhd | 1,339,000 | 4,617,798 | ||||||
VS Industry Bhd | 1,881,625 | 1,293,291 | ||||||
Yinson Holdings Bhd | 839,200 | 1,090,869 | ||||||
|
| |||||||
| Total Malaysia |
| 75,912,806 | ||||||
| Mexico – 1.9% | ||||||||
Alpek S.A.B. de C.V.* | 4,333,382 | 4,038,884 | ||||||
Bolsa Mexicana de Valores S.A.B. de C.V. | 3,383,620 | 6,821,648 | ||||||
Corp. Inmobiliaria Vesta S.A.B. de C.V. | 3,631,583 | 7,600,224 | ||||||
Grupo Herdez S.A.B. de C.V. | 787,765 | 1,701,007 | ||||||
Grupo Lala S.A.B. de C.V.(a) | 2,244,570 | 1,497,441 | ||||||
Industrias Bachoco S.A.B. de C.V. Series B(a) | 421,112 | 1,400,379 | ||||||
La Comer S.A.B. de C.V. | 969,312 | 1,943,314 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.(b) | 3,599,275 | 4,484,031 | ||||||
Megacable Holdings S.A.B. de C.V. Series CPO | 1,007,909 | 3,607,891 | ||||||
Qualitas Controladora S.A.B. de C.V.(a) | 653,583 | 3,591,105 | ||||||
|
| |||||||
| Total Mexico |
| 36,685,924 | ||||||
| Philippines – 0.8% | ||||||||
Bloomberry Resorts Corp.* | 13,458,800 | 1,929,915 | ||||||
Century Pacific Food, Inc. | 3,586,100 | 1,365,359 | ||||||
First Gen Corp. | 1,121,600 | 695,548 | ||||||
Manila Water Co., Inc.* | 3,507,345 | 1,161,949 | ||||||
Nickel Asia Corp. | 13,727,700 | 1,414,134 | ||||||
Robinsons Land Corp. | 9,016,926 | 3,321,610 | ||||||
Robinsons Retail Holdings, Inc. | 1,075,040 | 1,268,010 | ||||||
Security Bank Corp. | 1,297,210 | 3,233,838 | ||||||
Wilcon Depot, Inc. | 2,451,900 | 899,177 | ||||||
|
| |||||||
| Total Philippines |
| 15,289,540 | ||||||
| Poland – 0.4% | ||||||||
Asseco Poland S.A. | 215,863 | 3,698,008 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| Investments | Shares | Value | ||||||
LiveChat Software S.A. | 60,749 | $ | 1,936,702 | |||||
TEN Square Games S.A. | 3,888 | 510,386 | ||||||
Warsaw Stock Exchange | 180,658 | 2,096,841 | ||||||
|
| |||||||
| Total Poland |
| 8,241,937 | ||||||
| Singapore – 0.3% | ||||||||
IGG, Inc. | 4,745,000 | 6,115,532 | ||||||
| South Africa – 4.8% | ||||||||
AECI Ltd. | 598,678 | 4,195,459 | ||||||
African Rainbow Minerals Ltd.(a) | 1,206,641 | 22,726,077 | ||||||
Allied Electronics Corp. Ltd., Class A | 901,962 | 610,827 | ||||||
AVI Ltd. | 3,403,252 | 17,193,438 | ||||||
Cashbuild Ltd. | 98,096 | 2,031,707 | ||||||
Coronation Fund Managers Ltd. | 2,472,429 | 9,175,594 | ||||||
DRDGOLD Ltd.(a) | 3,085,208 | 2,826,910 | ||||||
Equites Property Fund Ltd.(a) | 5,130,012 | 6,541,818 | ||||||
Italtile Ltd. | 2,024,460 | 2,303,288 | ||||||
JSE Ltd. | 564,855 | 4,271,342 | ||||||
Oceana Group Ltd. | 667,117 | 2,981,781 | ||||||
PSG Group Ltd.(a) | 1,209,635 | 5,788,390 | ||||||
SPAR Group Ltd. (The) | 918,929 | 11,817,180 | ||||||
|
| |||||||
| Total South Africa |
| 92,463,811 | ||||||
| South Korea – 14.7% | ||||||||
Aekyung Industrial Co., Ltd.(a) | 29,455 | 645,446 | ||||||
AfreecaTV Co., Ltd. | 9,765 | 677,316 | ||||||
Ahnlab, Inc. | 49,624 | 2,871,988 | ||||||
BGF Retail Co., Ltd. | 25,767 | 3,597,249 | ||||||
Binggrae Co., Ltd. | 19,567 | 1,035,620 | ||||||
BNK Financial Group, Inc. | 2,473,564 | 14,840,291 | ||||||
Bukwang Pharmaceutical Co., Ltd. | 43,101 | 898,771 | ||||||
Cheil Worldwide, Inc. | 306,830 | 5,761,111 | ||||||
Chong Kun Dang Pharmaceutical Corp. | 6,431 | 784,164 | ||||||
CJ Corp. | 41,294 | 3,429,765 | ||||||
Com2uS Corp. | 12,175 | 1,818,047 | ||||||
Cosmax, Inc.* | 7,419 | 799,751 | ||||||
Daesang Corp. | 96,393 | 2,142,067 | ||||||
Daesang Holdings Co., Ltd. | 72,734 | 694,082 | ||||||
Daishin Securities Co., Ltd. | 327,236 | 4,698,551 | ||||||
DB HiTek Co., Ltd. | 71,337 | 3,548,728 | ||||||
DGB Financial Group, Inc. | 1,445,156 | 10,777,218 | ||||||
Dohwa Engineering Co., Ltd. | 73,073 | 557,854 | ||||||
Dong-A Socio Holdings Co., Ltd. | 7,120 | 679,443 | ||||||
Dong-A ST Co., Ltd. | 12,806 | 947,084 | ||||||
DongKook Pharmaceutical Co., Ltd. | 22,006 | 544,438 | ||||||
Dongsuh Cos., Inc. | 243,347 | 6,869,836 | ||||||
Dongsung Finetec Co., Ltd. | 77,594 | 949,571 | ||||||
Dongwon Development Co., Ltd. | 341,201 | 1,627,997 | ||||||
DoubleUGames Co., Ltd. | 9,754 | 590,368 | ||||||
Douzone Bizon Co., Ltd. | 9,993 | 867,075 | ||||||
e-Credible Co., Ltd. | 35,019 | 682,279 | ||||||
E1 Corp. | 41,517 | 1,573,739 | ||||||
EBEST Investment & Securities Co., Ltd.(a) | 196,217 | 1,263,903 | ||||||
Echo Marketing, Inc. | 44,828 | 1,041,729 | ||||||
Ecopro Co., Ltd. | 17,214 | 870,016 | ||||||
Eugene Investment & Securities Co., Ltd. | 187,140 | 668,032 | ||||||
F&F Co., Ltd. | 11,331 | 1,276,521 | ||||||
Fila Holdings Corp. | 34,733 | 1,324,258 | ||||||
GOLFZON Co., Ltd. | 11,747 | 935,193 | ||||||
Green Cross Corp. | 3,179 | 1,012,617 | ||||||
Green Cross Holdings Corp. | 66,789 | 2,056,635 | ||||||
GS Engineering & Construction Corp. | 355,189 | 13,495,142 | ||||||
HAESUNG DS Co., Ltd. | 45,443 | 1,337,090 | ||||||
Halla Holdings Corp. | 65,390 | 2,357,333 | ||||||
Handsome Co., Ltd. | 30,003 | 1,076,317 | ||||||
Hanjin Transportation Co., Ltd. | 11,521 | 437,732 | ||||||
Hankook & Co. Co., Ltd. | 70,597 | 1,154,004 | ||||||
Hansol Chemical Co., Ltd. | 18,382 | 3,914,347 | ||||||
Hansol Paper Co., Ltd. | 145,998 | 1,851,179 | ||||||
Hanssem Co., Ltd. | 21,777 | 2,241,679 | ||||||
Hanwha Corp. | 166,775 | 4,693,425 | ||||||
Hanwha Systems Co., Ltd. | 113,916 | 2,224,470 | ||||||
HDC Holdings Co., Ltd. | 90,871 | 903,290 | ||||||
HDC Hyundai Development Co-Engineering & Construction | 79,832 | 2,070,306 | ||||||
Hitejinro Holdings Co., Ltd. | 36,686 | 549,439 | ||||||
Huchems Fine Chemical Corp.(a) | 98,980 | 1,906,573 | ||||||
Huons Co., Ltd. | 13,252 | 656,892 | ||||||
Hyosung Chemical Corp.* | 8,832 | 2,411,388 | ||||||
Hyosung Corp. | 78,166 | 6,140,011 | ||||||
Hyundai Department Store Co., Ltd. | 35,091 | 2,812,241 | ||||||
Hyundai Elevator Co., Ltd. | 55,950 | 2,264,201 | ||||||
Hyundai Greenfood Co., Ltd. | 197,407 | 1,840,198 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 283,953 | 6,146,983 | ||||||
Hyundai Motor Securities Co., Ltd. | 154,212 | 1,778,190 | ||||||
Hyundai Wia Corp.(a) | 35,633 | 2,427,483 | ||||||
iMarketKorea, Inc. | 170,353 | 1,365,232 | ||||||
Innocean Worldwide, Inc. | 30,058 | 1,633,370 | ||||||
IS Dongseo Co., Ltd. | 32,887 | 1,647,619 | ||||||
JB Financial Group Co., Ltd. | 1,026,360 | 5,940,056 | ||||||
JW Life Science Corp. | 36,878 | 619,114 | ||||||
KEPCO Plant Service & Engineering Co., Ltd.(a) | 190,885 | 5,312,903 | ||||||
Kginicis Co., Ltd. | 34,990 | 607,514 | ||||||
KIWOOM Securities Co., Ltd. | 29,387 | 3,271,714 | ||||||
Koentec Co., Ltd. | 168,024 | 1,328,752 | ||||||
Kolon Industries, Inc. | 55,701 | 2,943,159 | ||||||
Korea Aerospace Industries Ltd. | 159,420 | 5,176,660 | ||||||
Korea Asset In Trust Co., Ltd. | 420,881 | 1,738,563 | ||||||
Korea Electric Terminal Co., Ltd.(a) | 14,376 | 915,847 | ||||||
Korea Petrochemical Ind Co., Ltd. | 8,824 | 2,537,850 | ||||||
Korea Real Estate Investment & Trust Co., Ltd. | 1,776,357 | 3,782,656 | ||||||
Korean Reinsurance Co. | 621,253 | 4,643,959 | ||||||
KT Skylife Co., Ltd. | 114,755 | 876,062 | ||||||
Kumho Industrial Co., Ltd.(a) | 185,322 | 1,608,007 | ||||||
Kyungdong Pharm Co., Ltd. | 109,434 | 956,309 | ||||||
LEENO Industrial, Inc. | 17,660 | 2,442,050 | ||||||
LG International Corp. | 76,171 | 2,146,989 | ||||||
LIG Nex1 Co., Ltd. | 31,293 | 1,110,151 | ||||||
LOTTE Fine Chemical Co., Ltd. | 65,568 | 3,400,788 | ||||||
See Notes to Financial Statements.
| 48 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| Investments | Shares | Value | ||||||
LOTTE Himart Co., Ltd. | 37,169 | $ | 1,376,082 | |||||
LS Electric Co., Ltd. | 37,031 | 1,992,656 | ||||||
Maeil Dairies Co., Ltd. | 10,079 | 643,880 | ||||||
Mcnex Co., Ltd. | 23,921 | 1,173,064 | ||||||
MegaStudyEdu Co., Ltd.(a) | 33,941 | 1,772,399 | ||||||
Meritz Financial Group, Inc. | 268,523 | 4,080,933 | ||||||
Meritz Fire & Marine Insurance Co., Ltd. | 413,540 | 7,070,465 | ||||||
Meritz Securities Co., Ltd. | 2,112,409 | 8,604,555 | ||||||
Mirae Asset Life Insurance Co., Ltd.(a) | 369,024 | 1,369,473 | ||||||
NICE Holdings Co., Ltd.(a) | 50,966 | 770,063 | ||||||
NICE Information Service Co., Ltd. | 50,922 | 1,140,599 | ||||||
NongShim Co., Ltd. | 9,528 | 2,386,736 | ||||||
Orion Holdings Corp. | 168,274 | 2,118,758 | ||||||
Partron Co., Ltd. | 192,443 | 1,819,430 | ||||||
PI Advanced Materials Co., Ltd. | 19,716 | 796,131 | ||||||
Poongsan Corp. | 43,381 | 1,284,085 | ||||||
Posco International Corp. | 281,893 | 5,018,903 | ||||||
Samjin Pharmaceutical Co., Ltd. | 47,356 | 1,016,789 | ||||||
Samyang Holdings Corp. | 28,111 | 2,327,370 | ||||||
Samyang Packaging Corp. | 41,894 | 925,425 | ||||||
SaraminHR Co., Ltd. | 27,398 | 852,140 | ||||||
Seah Besteel Corp. | 68,589 | 1,124,211 | ||||||
Seohee Construction Co., Ltd. | 836,534 | 1,204,816 | ||||||
Seoul Semiconductor Co., Ltd. | 44,226 | 722,934 | ||||||
SFA Engineering Corp. | 60,695 | 2,174,670 | ||||||
Silicon Works Co., Ltd. | 35,970 | 2,402,767 | ||||||
SK D&D Co., Ltd. | 19,425 | 663,376 | ||||||
SK Discovery Co., Ltd. | 22,581 | 1,213,099 | ||||||
SK Materials Co., Ltd.(a) | 9,045 | 2,485,527 | ||||||
SKC Co., Ltd. | 30,121 | 3,419,968 | ||||||
SNT Motiv Co., Ltd. | 40,718 | 2,234,228 | ||||||
Taeyoung Engineering & Construction Co., Ltd. | 91,315 | 968,217 | ||||||
Tailim Packaging Co., Ltd.* | 188,155 | 849,545 | ||||||
Tongyang Life Insurance Co., Ltd. | 399,050 | 1,491,479 | ||||||
Unid Co., Ltd. | 33,637 | 2,009,155 | ||||||
WiSoL Co., Ltd. | 51,969 | 594,653 | ||||||
Youlchon Chemical Co., Ltd.(a) | 53,176 | 956,158 | ||||||
Youngone Corp. | 37,389 | 1,321,458 | ||||||
Zinus, Inc. | 18,022 | 1,264,367 | ||||||
|
| |||||||
| Total South Korea |
| 283,694,554 | ||||||
| Taiwan – 26.3% | ||||||||
AcBel Polytech, Inc.(a) | 1,644,303 | 1,668,334 | ||||||
Acer, Inc.(a) | 5,229,000 | 5,763,574 | ||||||
Arcadyan Technology Corp.*(a) | 515,681 | 2,096,485 | ||||||
Asia Optical Co., Inc.(a) | 456,000 | 1,427,147 | ||||||
Asia Vital Components Co., Ltd.(a) | 482,000 | 1,152,084 | ||||||
ASROCK, Inc.(a) | 102,000 | 573,757 | ||||||
Capital Securities Corp.(a) | 10,816,340 | 5,913,676 | ||||||
Cathay Real Estate Development Co., Ltd. | 1,902,000 | 1,316,528 | ||||||
Chang Wah Electromaterials, Inc.(a) | 1,675,000 | 2,392,186 | ||||||
Charoen Pokphand Enterprise | 1,108,000 | 2,974,549 | ||||||
Chenbro Micom Co., Ltd.(a) | 316,000 | 939,151 | ||||||
Cheng Loong Corp.(a) | 3,432,000 | 4,197,834 | ||||||
Cheng Uei Precision Industry Co., Ltd. | 2,012,000 | 3,388,238 | ||||||
Chicony Electronics Co., Ltd.(a) | 4,302,652 | 15,305,757 | ||||||
Chicony Power Technology Co., Ltd. | 726,625 | 2,078,036 | ||||||
Chilisin Electronics Corp.(a) | 456,000 | 1,726,001 | ||||||
Chin-Poon Industrial Co., Ltd.(a) | 954,000 | 1,098,339 | ||||||
China Chemical & Pharmaceutical Co., Ltd.(a) | 1,000,000 | 809,589 | ||||||
China Metal Products(a) | 595,000 | 675,639 | ||||||
China Steel Chemical Corp.(a) | 544,726 | 2,052,292 | ||||||
ChipMOS Technologies, Inc. | 1,937,000 | 3,003,969 | ||||||
Chong Hong Construction Co., Ltd.(a) | 1,709,000 | 4,965,342 | ||||||
Chroma ATE, Inc.(a) | 486,132 | 3,211,575 | ||||||
Chung-Hsin Electric & Machinery Manufacturing Corp.(a) | 776,000 | 1,435,979 | ||||||
Cleanaway Co., Ltd. | 502,161 | 3,044,680 | ||||||
Compeq Manufacturing Co., Ltd.(a) | 2,723,000 | 4,094,091 | ||||||
CTCI Corp.(a) | 1,206,190 | 1,602,166 | ||||||
Cub Elecparts, Inc.(a) | 169,092 | 1,437,101 | ||||||
DA CIN Construction Co., Ltd.(a) | 1,711,000 | 1,939,889 | ||||||
Da-Li Development Co., Ltd.(a) | 1,174,988 | 1,282,756 | ||||||
Darfon Electronics Corp.(a) | 913,000 | 1,516,707 | ||||||
Daxin Materials Corp. | 316,000 | 1,044,363 | ||||||
De Licacy Industrial Co., Ltd.(a) | 1,641,000 | 1,003,591 | ||||||
Eastern Media International Corp.(a) | 1,919,000 | 1,146,706 | ||||||
Elan Microelectronics Corp.(a) | 1,195,409 | 8,190,602 | ||||||
Elite Advanced Laser Corp.(a) | 73,000 | 168,857 | ||||||
Elite Material Co., Ltd.(a) | 1,070,163 | 6,338,539 | ||||||
Elite Semiconductor Microelectronics Technology, Inc.(a) | 549,000 | 2,001,051 | ||||||
Ennoconn Corp.(a) | 82,046 | 697,303 | ||||||
Eternal Materials Co., Ltd.(a) | 3,489,494 | 4,396,569 | ||||||
Eva Airways Corp.(a) | 3,843,664 | 2,114,938 | ||||||
Everlight Electronics Co., Ltd. | 1,050,165 | 1,700,404 | ||||||
Excelsior Medical Co., Ltd. | 608,000 | 1,252,949 | ||||||
Far Eastern Department Stores Ltd. | 2,722,841 | 2,290,267 | ||||||
Far Eastern International Bank(a) | 9,642,595 | 3,616,015 | ||||||
Faraday Technology Corp.(a) | 416,000 | 759,598 | ||||||
Farglory F T Z Investment Holding Co., Ltd.(a) | 525,000 | 540,953 | ||||||
Farglory Land Development Co., Ltd.(a) | 2,231,640 | 4,458,118 | ||||||
Feng Hsin Steel Co., Ltd. | 1,363,950 | 3,403,541 | ||||||
FLEXium Interconnect, Inc.*(a) | 350,028 | 1,539,569 | ||||||
Formosa International Hotels Corp. | 277,000 | 1,514,457 | ||||||
Formosa Sumco Technology Corp.(a) | 158,000 | 750,324 | ||||||
Formosan Union Chemical | 1,804,000 | 1,062,181 | ||||||
Fortune Electric Co., Ltd.(a) | 389,000 | 616,227 | ||||||
Foxsemicon Integrated Technology, Inc.(a) | 156,197 | 1,275,502 | ||||||
Fusheng Precision Co., Ltd.(a) | 481,000 | 3,818,263 | ||||||
Genius Electronic Optical Co., Ltd.(a) | 126,280 | 2,142,064 | ||||||
Getac Technology Corp.(a) | 1,936,292 | 3,976,684 | ||||||
Gigabyte Technology Co., Ltd.(a) | 1,224,000 | 4,281,190 | ||||||
Global Brands Manufacture Ltd. | 740,000 | 822,136 | ||||||
Global Mixed Mode Technology, Inc.(a) | 328,000 | 2,385,308 | ||||||
Global Unichip Corp.(a) | 92,000 | 1,284,898 | ||||||
Goldsun Building Materials Co., Ltd. | 1,134,000 | 1,075,060 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 49 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| Investments | Shares | Value | ||||||
Grape King Bio Ltd.(a) | 436,988 | $ | 2,787,363 | |||||
Great Wall Enterprise Co., Ltd.(a) | 3,392,006 | 6,490,854 | ||||||
Greatek Electronics, Inc. | 1,474,000 | 3,667,823 | ||||||
HannsTouch Solution, Inc.(a) | 1,573,000 | 639,498 | ||||||
Holtek Semiconductor, Inc.(a) | 1,027,773 | 3,364,315 | ||||||
Holy Stone Enterprise Co., Ltd.(a) | 421,000 | 1,918,130 | ||||||
Hong Pu Real Estate Development Co., Ltd.(a) | 1,423,000 | 1,127,109 | ||||||
Hota Industrial Manufacturing Co., Ltd.(a) | 349,146 | 1,419,442 | ||||||
Hotai Finance Co., Ltd. | 438,000 | 1,344,717 | ||||||
Huaku Development Co., Ltd.(a) | 1,919,296 | 6,269,176 | ||||||
Huang Hsiang Construction Corp. | 591,000 | 891,689 | ||||||
IBF Financial Holdings Co., Ltd.(a) | 12,601,684 | 7,463,935 | ||||||
Iron Force Industrial Co., Ltd.(a) | 275,000 | 756,580 | ||||||
ITE Technology, Inc.(a) | 626,000 | 2,134,714 | ||||||
ITEQ Corp.(a) | 511,000 | 2,444,590 | ||||||
Jentech Precision Industrial Co., Ltd.(a) | 84,000 | 844,916 | ||||||
Kenda Rubber Industrial Co., Ltd.(a) | 917,000 | 1,417,296 | ||||||
Kindom Development Co., Ltd.(a) | 1,293,000 | 1,792,246 | ||||||
King Slide Works Co., Ltd.(a) | 114,004 | 1,316,522 | ||||||
King Yuan Electronics Co., Ltd.(a) | 5,554,000 | 8,019,654 | ||||||
King’s Town Bank Co., Ltd. | 3,326,000 | 4,592,731 | ||||||
Kinik Co.(a) | 370,495 | 929,711 | ||||||
Kinpo Electronics(a) | 2,529,000 | 1,161,108 | ||||||
Kinsus Interconnect Technology Corp.(a) | 278,000 | 1,091,228 | ||||||
Kung Long Batteries Industrial Co., Ltd.(a) | 480,000 | 2,489,749 | ||||||
Kuoyang Construction Co., Ltd.(a) | 1,481,989 | 2,072,385 | ||||||
L&K Engineering Co., Ltd. | 804,000 | 917,191 | ||||||
Lien Hwa Industrial Holdings Corp.(a) | 2,153,138 | 3,573,094 | ||||||
Longchen Paper & Packaging Co., Ltd. | 264,026 | 231,334 | ||||||
Lotes Co., Ltd.(a) | 150,977 | 2,643,010 | ||||||
Machvision, Inc.(a) | 77,000 | 767,760 | ||||||
Macronix International Co., Ltd.(a) | 4,372,000 | 6,795,577 | ||||||
Makalot Industrial Co., Ltd.(a) | 523,882 | 4,525,879 | ||||||
Marketech International Corp.(a) | 128,000 | 504,679 | ||||||
Mercuries & Associates Holding Ltd.(a) | 1,931,000 | 1,427,964 | ||||||
Merida Industry Co., Ltd.(a) | 361,043 | 4,416,080 | ||||||
Merry Electronics Co., Ltd.(a) | 603,030 | 2,810,885 | ||||||
Mirle Automation Corp.(a) | 733,560 | 1,257,179 | ||||||
Namchow Holdings Co., Ltd. | 93,000 | 154,984 | ||||||
Nan Kang Rubber Tire Co., Ltd.(a) | 790,000 | 1,153,174 | ||||||
Nan Liu Enterprise Co., Ltd.(a) | 61,000 | 384,818 | ||||||
Nan Pao Resins Chemical Co., Ltd. | 272,000 | 1,525,251 | ||||||
Nantex Industry Co., Ltd.(a) | 988,615 | 3,811,294 | ||||||
Nichidenbo Corp.(a) | 1,353,000 | 2,508,453 | ||||||
Nuvoton Technology Corp.(a) | 123,872 | 249,194 | ||||||
Pan Jit International, Inc.(a) | 954,000 | 1,788,771 | ||||||
Pan-International Industrial Corp.(a) | 2,005,000 | 3,137,534 | ||||||
Phoenix Silicon International Corp.(a) | 372,000 | 696,204 | ||||||
Polytronics Technology Corp.(a) | 303,017 | 1,396,514 | ||||||
Power Wind Health Industry, Inc.(a) | 98,000 | 568,430 | ||||||
Powertech Technology, Inc. | 3,465,000 | 12,811,744 | ||||||
President Securities Corp. | 4,228,000 | 3,482,214 | ||||||
Primax Electronics Ltd.(a) | 2,213,000 | 4,932,773 | ||||||
Prince Housing & Development Corp. | 4,277,000 | 1,648,863 | ||||||
Promate Electronic Co., Ltd. | 1,409,000 | 1,970,319 | ||||||
Qisda Corp. | 4,241,000 | 5,090,746 | ||||||
Quang Viet Enterprise Co., Ltd.(a) | 244,000 | 1,026,180 | ||||||
Radium Life Tech Co., Ltd. | 1,504,000 | 603,540 | ||||||
Rexon Industrial Corp., Ltd.(a) | 445,000 | 1,470,701 | ||||||
Ruentex Development Co., Ltd. | 1,090,000 | 1,890,968 | ||||||
Ruentex Industries Ltd.(a) | 1,800,200 | 5,028,421 | ||||||
Sampo Corp.(a) | 1,560,000 | 1,675,744 | ||||||
Sanyang Motor Co., Ltd.(a) | 2,931,000 | 3,184,418 | ||||||
SCI Pharmtech, Inc.(a) | 269,000 | 881,488 | ||||||
SDI Corp. | 337,000 | 963,768 | ||||||
Sercomm Corp.(a) | 922,488 | 2,395,695 | ||||||
Shin Foong Specialty & Applied Materials Co., Ltd.(a) | 125,000 | 1,005,415 | ||||||
Shin Zu Shing Co., Ltd. | 212,000 | 977,044 | ||||||
Shiny Chemical Industrial Co., Ltd.(a) | 202,000 | 817,685 | ||||||
Sigurd Microelectronics Corp.*(a) | 248,000 | 454,575 | ||||||
Sinbon Electronics Co., Ltd.(a) | 523,120 | 4,840,139 | ||||||
Sincere Navigation Corp.(a) | 1,488,000 | 1,142,088 | ||||||
Sinon Corp.(a) | 2,637,000 | 2,134,886 | ||||||
Sitronix Technology Corp.(a) | 358,000 | 2,998,703 | ||||||
Sonix Technology Co., Ltd.(a) | 451,000 | 1,612,238 | ||||||
Standard Chemical & Pharmaceutical Co., Ltd. | 449,000 | 612,924 | ||||||
Standard Foods Corp.(a) | 2,139,896 | 4,394,838 | ||||||
Stark Technology, Inc. | 752,000 | 1,863,330 | ||||||
Sunny Friend Environmental Technology Co., Ltd. | 252,000 | 2,009,252 | ||||||
Sunonwealth Electric Machine Industry Co., Ltd.(a) | 613,000 | 1,136,498 | ||||||
Supreme Electronics Co., Ltd. | 2,147,000 | 3,220,538 | ||||||
Swancor Holding Co., Ltd.(a) | 158,000 | 764,168 | ||||||
Syncmold Enterprise Corp. | 675,915 | 2,072,778 | ||||||
Synnex Technology International Corp.(a) | 7,935,600 | 15,157,544 | ||||||
Systex Corp.(a) | 1,156,000 | 3,549,069 | ||||||
Ta Ya Electric Wire & Cable(a) | 903,120 | 626,705 | ||||||
TA-I Technology Co., Ltd.(a) | 244,000 | 684,975 | ||||||
Taichung Commercial Bank Co., Ltd. | 5,342,711 | 2,153,337 | ||||||
Taiflex Scientific Co., Ltd.(a) | 327,000 | 609,694 | ||||||
Taisun Enterprise Co., Ltd.(a) | 1,425,000 | 1,498,265 | ||||||
Taiwan Business Bank | 7,567,852 | 2,641,706 | ||||||
Taiwan Cogeneration Corp.(a) | 1,867,970 | 2,543,393 | ||||||
Taiwan Fertilizer Co., Ltd.(a) | 3,073,000 | 6,085,042 | ||||||
Taiwan Hon Chuan Enterprise Co., Ltd. | 1,542,692 | 3,741,432 | ||||||
Taiwan Mask Corp.(a) | 530,300 | 1,328,863 | ||||||
Taiwan Navigation Co., Ltd.(a) | 1,470,000 | 1,236,463 | ||||||
Taiwan Paiho Ltd.(a) | 694,000 | 1,977,437 | ||||||
Taiwan PCB Techvest Co., Ltd.(a) | 1,477,302 | 2,687,133 | ||||||
Taiwan Sakura Corp.(a) | 985,000 | 2,022,956 | ||||||
Taiwan Secom Co., Ltd.(a) | 1,036,000 | 3,387,614 | ||||||
Taiwan Styrene Monomer | 2,423,000 | 1,638,941 | ||||||
Taiwan Surface Mounting Technology Corp.(a) | 434,000 | 1,779,624 | ||||||
Teco Electric and Machinery Co., Ltd.(a) | 4,234,683 | 4,801,177 | ||||||
Test Research, Inc.(a) | 1,037,115 | 2,148,162 | ||||||
Thinking Electronic Industrial Co., Ltd.(a) | 336,000 | 2,260,961 | ||||||
See Notes to Financial Statements.
| 50 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| Investments | Shares | Value | ||||||
Tong Hsing Electronic Industries Ltd.(a) | 155,552 | $ | 1,114,863 | |||||
Tong Yang Industry Co., Ltd.(a) | 1,463,685 | 1,859,551 | ||||||
Topco Scientific Co., Ltd.(a) | 875,521 | 4,188,435 | ||||||
Topkey Corp.(a) | 285,000 | 1,777,941 | ||||||
Transcend Information, Inc.(a) | 795,479 | 1,820,516 | ||||||
Tripod Technology Corp.(a) | 2,709,928 | 13,344,019 | ||||||
TSRC Corp. | 476,000 | 472,113 | ||||||
Tung Ho Steel Enterprise Corp.(a) | 3,145,153 | 4,910,685 | ||||||
TXC Corp. | 593,549 | 2,132,225 | ||||||
TYC Brother Industrial Co., Ltd.(a) | 700,000 | 574,072 | ||||||
U-Ming Marine Transport Corp.(a) | 2,700,420 | 3,908,714 | ||||||
Unitech Printed Circuit Board Corp.(a) | 1,433,000 | 1,097,363 | ||||||
United Integrated Services Co., Ltd.(a) | 955,000 | 8,283,829 | ||||||
Universal Cement Corp. | 2,357,000 | 1,891,680 | ||||||
USI Corp. | 2,513,000 | 2,245,873 | ||||||
Visual Photonics Epitaxy Co., Ltd.(a) | 354,750 | 1,473,307 | ||||||
Wah Lee Industrial Corp. | 1,024,000 | 2,942,838 | ||||||
Walsin Lihwa Corp.(a) | 4,118,000 | 2,742,158 | ||||||
Wan Hai Lines Ltd.(a) | 3,492,000 | 6,743,392 | ||||||
Wei Chuan Foods Corp. | 1,648,000 | 1,244,678 | ||||||
Weikeng Industrial Co., Ltd. | 1,493,431 | 1,101,767 | ||||||
Winbond Electronics Corp.(a) | 1,376,000 | 1,422,633 | ||||||
Wistron NeWeb Corp.(a) | 656,722 | 1,714,709 | ||||||
WPG Holdings Ltd. | 5,355,058 | 9,158,758 | ||||||
WT Microelectronics Co., Ltd.(a) | 1,040,678 | 1,719,692 | ||||||
YC INOX Co., Ltd. | 1,431,793 | 1,347,340 | ||||||
YFY, Inc.(a) | 4,880,000 | 5,387,446 | ||||||
Yulon Finance Corp. | 768,500 | 3,420,583 | ||||||
ZongTai Real Estate Development Co., Ltd.(a) | 1,238,000 | 1,683,468 | ||||||
|
| |||||||
| Total Taiwan |
| 509,844,234 | ||||||
| Thailand – 8.0% | ||||||||
AP Thailand PCL NVDR | 7,571,800 | 1,986,840 | ||||||
Bangkok Chain Hospital PCL NVDR | 2,465,000 | 1,159,536 | ||||||
Bangkok Commercial Asset Management PCL NVDR(a) | 9,637,500 | 6,692,280 | ||||||
Bangkok Land PCL NVDR | 44,343,614 | 1,674,415 | ||||||
Banpu Power PCL NVDR | 3,690,700 | 2,373,858 | ||||||
BCPG PCL NVDR(a) | 3,428,312 | 1,612,678 | ||||||
Chularat Hospital PCL NVDR | 24,917,700 | 2,328,310 | ||||||
Com7 PCL NVDR | 1,263,800 | 2,588,262 | ||||||
Dynasty Ceramic PCL NVDR(a) | 26,311,200 | 2,222,770 | ||||||
Eastern Polymer Group PCL NVDR | 5,001,100 | 1,632,359 | ||||||
Eastern Water Resources Development and Management PCL NVDR | 2,580,800 | 834,115 | ||||||
GFPT PCL NVDR(a) | 1,622,100 | 628,077 | ||||||
Gunkul Engineering PCL NVDR(a) | 30,727,800 | 3,677,503 | ||||||
Hana Microelectronics PCL NVDR | 1,852,300 | 3,274,866 | ||||||
Ichitan Group PCL NVDR | 3,037,800 | 1,370,655 | ||||||
Jay Mart PCL NVDR | 3,275,000 | 4,480,200 | ||||||
JMT Network Services PCL NVDR | 1,139,100 | 1,694,981 | ||||||
KCE Electronics PCL NVDR | 1,564,500 | 2,803,584 | ||||||
MC Group PCL NVDR | 3,267,600 | 1,171,108 | ||||||
MCS Steel PCL NVDR | 2,754,000 | 1,233,792 | ||||||
Mega Lifesciences PCL NVDR | 981,800 | 1,076,053 | ||||||
MK Restaurants Group PCL NVDR | 1,511,200 | 2,683,891 | ||||||
Noble Development PCL NVDR(a) | 14,056,100 | 3,823,259 | ||||||
Origin Property PCL NVDR | 5,110,200 | 1,381,798 | ||||||
Polyplex Thailand PCL NVDR(a) | 2,257,500 | 1,661,520 | ||||||
Prima Marine PCL NVDR(a) | 4,033,600 | 1,045,509 | ||||||
Pruksa Holding PCL NVDR | 4,099,800 | 1,679,278 | ||||||
PTG Energy PCL NVDR(a) | 1,913,300 | 1,261,247 | ||||||
Quality Houses PCL NVDR | 41,908,700 | 3,299,053 | ||||||
Sabina PCL NVDR | 1,228,300 | 837,209 | ||||||
SC Asset Corp. PCL NVDR | 19,461,300 | 2,017,748 | ||||||
Siam City Cement PCL NVDR | 377,754 | 2,006,629 | ||||||
Siamgas & Petrochemicals PCL NVDR(a) | 4,071,800 | 1,498,422 | ||||||
Sino-Thai Engineering & Construction PCL NVDR(a) | 2,540,300 | 1,284,376 | ||||||
SPCG PCL NVDR | 5,634,100 | 3,515,679 | ||||||
Sri Trang Agro-Industry PCL NVDR | 1,533,400 | 2,293,966 | ||||||
Srisawad Corp. PCL NVDR | 2,338,100 | 6,378,337 | ||||||
Srisawad Finance PCL NVDR | 989,800 | 1,053,147 | ||||||
Supalai PCL NVDR | 6,250,500 | 4,280,343 | ||||||
Super Energy Corp. PCL NVDR*(a) | 21,454,700 | 693,416 | ||||||
Synnex Thailand PCL NVDR | 1,271,900 | 968,679 | ||||||
Taokaenoi Food & Marketing PCL NVDR(a) | 1,714,780 | 548,730 | ||||||
Thai Union Group PCL NVDR | 9,074,200 | 4,268,504 | ||||||
Thai Vegetable Oil PCL NVDR | 3,536,800 | 3,593,389 | ||||||
Thaifoods Group PCL NVDR | 7,901,200 | 1,365,327 | ||||||
Thanachart Capital PCL NVDR(a) | 7,229,100 | 8,790,586 | ||||||
Tipco Asphalt PCL NVDR(a) | 7,107,000 | 4,707,677 | ||||||
Tisco Financial Group PCL NVDR | 5,438,200 | 16,923,679 | ||||||
TPI Polene PCL NVDR | 25,956,200 | 1,553,219 | ||||||
TPI Polene Power PCL NVDR | 44,367,800 | 6,218,591 | ||||||
TQM Corp. PCL NVDR(a) | 372,100 | 1,458,632 | ||||||
TTW PCL NVDR | 12,998,300 | 4,908,158 | ||||||
Union Auction PCL NVDR(a) | 1,420,300 | 499,946 | ||||||
VGI PCL NVDR(a) | 3,631,700 | 842,554 | ||||||
Vinythai PCL NVDR | 2,149,400 | 2,613,670 | ||||||
WHA Corp. PCL NVDR(a) | 42,716,300 | 4,756,887 | ||||||
WHA Utilities and Power PCL NVDR(a) | 9,897,900 | 1,418,963 | ||||||
|
| |||||||
| Total Thailand | 154,648,260 | |||||||
| Turkey – 1.6% | ||||||||
Aksa Akrilik Kimya Sanayii AS | 1,701,523 | 3,330,575 | ||||||
Aksigorta AS | 1,019,098 | 993,701 | ||||||
Alkim Alkali Kimya A/S(a) | 575,304 | 1,219,947 | ||||||
Anadolu Anonim Turk Sigorta Sirketi | 1,656,149 | 1,304,708 | ||||||
Anadolu Hayat Emeklilik AS | 1,185,157 | 1,341,782 | ||||||
AvivaSA Emeklilik ve Hayat AS, Class A | 443,325 | 940,618 | ||||||
Celebi Hava Servisi AS | 26,475 | 907,531 | ||||||
EGE Endustri VE Ticaret AS | 5,738 | 1,094,735 | ||||||
Enerjisa Enerji AS(b) | 2,948,563 | 4,168,336 | ||||||
Is Yatirim Menkul Degerler A/S, Class A | 1,037,055 | 1,967,287 | ||||||
Otokar Otomotiv Ve Savunma Sanayi AS | 56,783 | 2,489,841 | ||||||
TAV Havalimanlari Holding AS* | 1,629,717 | 4,017,064 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 1,410,883 | 5,642,680 | ||||||
Turk Traktor ve Ziraat Makineleri AS | 46,194 | 1,153,699 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| Investments | Shares | Value | ||||||
Turkiye Sise ve Cam Fabrikalari AS | 1,410,595 | $ | 1,240,796 | |||||
|
| |||||||
| Total Turkey | 31,813,300 | |||||||
| TOTAL COMMON STOCKS (Cost: $1,561,341,623) | 1,924,393,338 | |||||||
| WARRANTS – 0.0% | ||||||||
| Malaysia – 0.0% | ||||||||
Serba Dinamik Holdings Bhd, expiring 12/5/24* | 922,800 | 45,622 | ||||||
| Thailand – 0.0% | ||||||||
BCPG PCL, expiring 11/13/22* | 121,326 | 26,012 | ||||||
BCPG PCL, expiring 11/13/23* | 121,326 | 26,012 | ||||||
MBK PLC, expiring 3/24/22* | 114,561 | 45,091 | ||||||
Noble Development PCL, expiring 1/12/24*(a) | 3,355,200 | 251,238 | ||||||
|
| |||||||
| Total Thailand | 348,353 | |||||||
TOTAL WARRANTS (Cost: $0) | 393,975 | |||||||
| EXCHANGE-TRADED FUND – 0.1% | ||||||||
| United States – 0.1% | ||||||||
WisdomTree Emerging Markets High Dividend Fund(a)(d) | ||||||||
| (Cost: $2,177,936) | 50,152 | 2,224,743 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5% |
| |||||||
| United States – 1.5% | ||||||||
State Street Navigator Securities Lending |
| |||||||
| (Cost: $29,682,870) | 29,682,870 | 29,682,870 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.1% (Cost: $1,593,202,429) |
| 1,956,694,926 | ||||||
Other Assets less Liabilities – (1.1)% | (21,482,369 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 1,935,212,557 | ||||||
| * | 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 $198,439, which represents 0.01% of net assets. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $267,000,607. The Fund also had securities on loan having a total market value of $146,880 that were sold and pending settlement. The total market value of the collateral held by the Fund was $317,516,588. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $287,833,718. |
| (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) | This security, or a portion thereof, is restricted from resale (see Note 2 – Restricted Securities). In accordance with a reconstruction scheme notified by the government of India applicable to Yes Bank Ltd., effective March 16, 2020, 75% of all shares of Yes Bank Ltd. held by then-existing shareholders are subject to a three-year lock-in period and are unable to be sold. At March 31, 2021, the value of the restricted portion of this security is as follows: |
| Investment | Restricted Shares | Acquisition Date | Acquisition Cost | Value | Value as a Percentage of Net | |||||||||||||||
India | ||||||||||||||||||||
Yes Bank | 5,997,912 | | 10/18/19 – 1/10/20 | | $ | 4,322,484 | $ | 1,279,751 | 0.1 | % | ||||||||||
| (d) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (e) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree Emerging Markets Dividend Fund | $ | 2,677,653 | $ | 41,124,737 | $ | 42,185,829 | $ | (164,445 | ) | $ | 772,627 | $ | 2,224,743 | $ | 258,040 | |||||||||||||
| 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 | 4/5/2021 | 638,256 | USD | 5,290,000 | TRY | $ | — | $ | (923 | ) | ||||||||||||||||||
Goldman Sachs | 4/6/2021 | 961,381 | USD | 14,200,000 | ZAR | — | (272 | ) | ||||||||||||||||||||
Merrill Lynch International | 4/1/2021 | 3,640,939 | BRL | 631,406 | USD | 13,807 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/1/2021 | 44,178 | BRL | 7,674 | USD | 155 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 1,514,185 | USD | 47,500,000 | THB | — | (5,814 | ) | ||||||||||||||||||||
UBS AG | 4/1/2021 | 18,273,634 | HKD | 2,350,572 | USD | — | (99 | ) | ||||||||||||||||||||
| $ | 13,962 | $ | (7,108 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| 52 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | ||||||||||||||||
China | $ | 351,638,012 | $ | — | $ | 198,439 | * | $ | 351,836,451 | |||||||
Other | 1,572,556,887 | — | — | 1,572,556,887 | ||||||||||||
Warrants | 348,884 | 45,091 | — | 393,975 | ||||||||||||
Exchange-Traded Fund | 2,224,743 | — | — | 2,224,743 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 29,682,870 | — | 29,682,870 | ||||||||||||
Total Investments in Securities | $ | 1,926,768,526 | $ | 29,727,961 | $ | 198,439 | $ | 1,956,694,926 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 13,962 | $ | — | $ | 13,962 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (7,108 | ) | $ | — | $ | (7,108 | ) | ||||||
Total – Net | $ | 1,926,768,526 | $ | 29,734,815 | $ | 198,439 | $ | 1,956,701,780 | ||||||||
| * | 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 | 53 |
Table of Contents
Schedule of Investments
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.8% |
| |||||||
| Australia – 7.2% |
| |||||||
Breville Group Ltd. | 15,519 | $ | 319,141 | |||||
CSL Ltd. | 24,619 | 4,962,468 | ||||||
Domino’s Pizza Enterprises Ltd.(a) | 13,285 | 973,908 | ||||||
Evolution Mining Ltd. | 376,128 | 1,168,830 | ||||||
Mineral Resources Ltd. | 61,830 | 1,790,469 | ||||||
Netwealth Group Ltd. | 13,338 | 136,942 | ||||||
Northern Star Resources Ltd. | 54,725 | 395,139 | ||||||
Rio Tinto Ltd. | 186,206 | 15,706,986 | ||||||
WiseTech Global Ltd. | 2,664 | 58,943 | ||||||
|
| |||||||
| Total Australia |
| 25,512,826 | ||||||
| Belgium – 0.1% |
| |||||||
Melexis N.V. | 5,115 | 542,552 | ||||||
| Brazil – 0.5% |
| |||||||
Engie Brasil Energia S.A. | 108,670 | 805,541 | ||||||
Equatorial Energia S.A. | 89,596 | 393,759 | ||||||
Hapvida Participacoes e Investimentos S.A.(b) | 21,046 | 55,496 | ||||||
Localiza Rent a Car S.A. | 22,317 | 236,221 | ||||||
Lojas Renner S.A. | 35,327 | 266,627 | ||||||
Magazine Luiza S.A. | 45,513 | 163,243 | ||||||
|
| |||||||
| Total Brazil |
| 1,920,887 | ||||||
| Canada – 8.1% |
| |||||||
Alimentation Couche-Tard, Inc., Class B | 36,403 | 1,173,608 | ||||||
B2Gold Corp. | 96,829 | 416,792 | ||||||
Canadian National Railway Co. | 94,266 | 10,938,261 | ||||||
Canadian Pacific Railway Ltd. | 10,009 | 3,822,509 | ||||||
CCL Industries, Inc., Class B | 19,208 | 1,062,450 | ||||||
CI Financial Corp.(a) | 81,963 | 1,183,617 | ||||||
Constellation Software, Inc. | 638 | 890,890 | ||||||
Enghouse Systems Ltd. | 1,840 | 85,335 | ||||||
Metro, Inc. | 28,154 | 1,284,218 | ||||||
Northland Power, Inc.(a) | 39,075 | 1,416,133 | ||||||
Restaurant Brands International, Inc. | 86,965 | 5,655,129 | ||||||
Toromont Industries Ltd. | 8,958 | 685,579 | ||||||
|
| |||||||
| Total Canada |
| 28,614,521 | ||||||
| China – 5.5% |
| |||||||
A-Living Smart City Services Co., Ltd., Class H(b) | 14,500 | 64,345 | ||||||
ANTA Sports Products Ltd. | 48,000 | 782,872 | ||||||
Ausnutria Dairy Corp., Ltd.*(a) | 59,000 | 77,256 | ||||||
China East Education Holdings Ltd.(a)(b) | 47,500 | 103,499 | ||||||
China Feihe Ltd.(b) | 327,000 | 925,339 | ||||||
China Medical System Holdings Ltd. | 232,000 | 458,960 | ||||||
China Meidong Auto Holdings Ltd. | 34,000 | 157,657 | ||||||
China Overseas Property Holdings Ltd. | 155,000 | 144,743 | ||||||
Country Garden Services Holdings Co., Ltd. | 17,000 | 172,308 | ||||||
CSPC Pharmaceutical Group Ltd. | 911,968 | 1,102,650 | ||||||
Dali Foods Group Co., Ltd.(b) | 637,000 | 362,153 | ||||||
ENN Energy Holdings Ltd. | 105,400 | 1,690,586 | ||||||
Fu Shou Yuan International Group Ltd. | 134,000 | 137,371 | ||||||
Greentown Service Group Co., Ltd.(a) | 112,000 | 170,281 | ||||||
Health & Happiness H&H International Holdings Ltd. | 64,000 | 242,847 | ||||||
Li Ning Co., Ltd. | 62,000 | 402,729 | ||||||
Logan Group Co., Ltd. | 236,000 | 397,662 | ||||||
Midea Real Estate Holding Ltd.(a)(b) | 187,400 | 396,280 | ||||||
S-Enjoy Service Group Co., Ltd.* | 14,000 | 42,948 | ||||||
Seazen Group Ltd.* | 740,000 | 909,003 | ||||||
Shenzhou International Group Holdings Ltd. | 69,600 | 1,442,232 | ||||||
Sino Biopharmaceutical Ltd. | 181,875 | 182,005 | ||||||
SITC International Holdings Co., Ltd. | 357,000 | 1,209,983 | ||||||
Sunny Optical Technology Group Co., Ltd. | 17,300 | 394,312 | ||||||
Tencent Holdings Ltd. | 78,100 | 6,127,893 | ||||||
Topsports International Holdings Ltd.(b) | 167,000 | 248,746 | ||||||
WuXi AppTec Co., Ltd., Class H(b) | 4,600 | 90,468 | ||||||
Xinyi Solar Holdings Ltd.(a) | 409,428 | 673,037 | ||||||
Yihai International Holding Ltd.*(a) | 3,000 | 31,063 | ||||||
Zhongliang Holdings Group Co., Ltd. | 635,000 | 431,259 | ||||||
Zhongsheng Group Holdings Ltd. | 22,300 | 157,187 | ||||||
|
| |||||||
| Total China |
| 19,729,674 | ||||||
| Denmark – 5.4% |
| |||||||
Ambu A/S, Class B(a) | 3,860 | 181,717 | ||||||
Coloplast A/S, Class B | 17,709 | 2,669,244 | ||||||
DSV Panalpina A/S | 5,841 | 1,148,733 | ||||||
GN Store Nord A/S | 5,306 | 418,748 | ||||||
Novo Nordisk A/S, Class B | 174,140 | 11,826,368 | ||||||
Novozymes A/S, Class B | 22,580 | 1,449,799 | ||||||
Royal Unibrew A/S | 7,763 | 813,845 | ||||||
SimCorp A/S | 4,180 | 518,871 | ||||||
|
| |||||||
| Total Denmark |
| 19,027,325 | ||||||
| Finland – 2.0% |
| |||||||
Neste Oyj | 115,836 | 6,161,786 | ||||||
Orion Oyj, Class B(a) | 21,888 | 879,022 | ||||||
|
| |||||||
| Total Finland |
| 7,040,808 | ||||||
| France – 2.5% |
| |||||||
Gaztransport Et Technigaz S.A. | 10,096 | 806,876 | ||||||
Hermes International | 5,116 | 5,676,113 | ||||||
Sartorius Stedim Biotech | 1,245 | 513,893 | ||||||
Trigano S.A. | 2,465 | 461,800 | ||||||
Verallia S.A.(b) | 40,034 | 1,446,847 | ||||||
|
| |||||||
| Total France |
| 8,905,529 | ||||||
| Germany – 1.2% |
| |||||||
Bechtle AG | 1,977 | 371,538 | ||||||
CompuGroup Medical SE & Co. KgaA | 1,857 | 157,251 | ||||||
Dermapharm Holding SE | 4,446 | 318,800 | ||||||
Fuchs Petrolub SE | 10,304 | 415,383 | ||||||
Knorr-Bremse AG | 23,201 | 2,901,874 | ||||||
Softwareone Holding AG* | 8,958 | 232,243 | ||||||
|
| |||||||
| Total Germany |
| 4,397,089 | ||||||
| Hong Kong – 0.3% |
| |||||||
China Grand Pharmaceutical and Healthcare Holdings Ltd., Class A(a) | 139,000 | 110,314 | ||||||
Chow Tai Fook Jewellery Group Ltd. | 345,400 | 527,799 | ||||||
Vitasoy International Holdings Ltd.(a) | 104,000 | 399,977 | ||||||
|
| |||||||
| Total Hong Kong |
| 1,038,090 | ||||||
See Notes to Financial Statements.
| 54 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
March 31, 2021
| Investments | Shares | Value | ||||||
| India – 8.2% |
| |||||||
Aarti Industries Ltd. | 4,961 | $ | 89,393 | |||||
Alembic Pharmaceuticals Ltd.* | 3,071 | 40,531 | ||||||
Alkem Laboratories Ltd. | 1,049 | 39,740 | ||||||
Asian Paints Ltd. | 17,899 | 621,182 | ||||||
Aurobindo Pharma Ltd. | 9,674 | 116,609 | ||||||
Bajaj Auto Ltd.* | 20,547 | 1,031,541 | ||||||
Balkrishna Industries Ltd. | 8,155 | 188,333 | ||||||
Bayer CropScience Ltd. | 699 | 51,071 | ||||||
Berger Paints India Ltd. | 7,937 | 83,046 | ||||||
Bharat Electronics Ltd. | 262,974 | 449,957 | ||||||
Cadila Healthcare Ltd.* | 11,705 | 70,585 | ||||||
Colgate-Palmolive India Ltd. | 20,085 | 428,367 | ||||||
Coromandel International Ltd. | 14,024 | 148,567 | ||||||
Dabur India Ltd. | 28,082 | 207,599 | ||||||
Divi’s Laboratories Ltd.* | 2,440 | 120,902 | ||||||
Dr. Reddy’s Laboratories Ltd. | 2,351 | 145,214 | ||||||
Eicher Motors Ltd.* | 6,073 | 216,290 | ||||||
Endurance Technologies Ltd.*(b) | 413 | 8,225 | ||||||
GAIL India Ltd. | 999,125 | 1,851,655 | ||||||
Havells India Ltd. | 10,234 | 147,028 | ||||||
HCL Technologies Ltd. | 45,345 | 609,438 | ||||||
HDFC Asset Management Co., Ltd.(b) | 6,155 | 245,733 | ||||||
Hero MotoCorp., Ltd. | 23,786 | 947,878 | ||||||
Hindustan Unilever Ltd. | 66,815 | 2,222,026 | ||||||
ICICI Lombard General Insurance Co., Ltd.(b) | 6,125 | 120,064 | ||||||
ICICI Securities Ltd.(b) | 13,683 | 71,640 | ||||||
Indraprastha Gas Ltd. | 21,576 | 151,195 | ||||||
Infosys Ltd. | 334,125 | 6,251,898 | ||||||
ITC Ltd. | 1,206,125 | 3,604,497 | ||||||
JSW Steel Ltd. | 81,276 | 520,747 | ||||||
Jubilant Foodworks Ltd.* | 1,421 | 56,576 | ||||||
L&T Technology Services Ltd.(b) | 2,158 | 78,332 | ||||||
Larsen & Toubro Infotech Ltd.(b) | 2,709 | 150,219 | ||||||
Marico Ltd. | 75,078 | 422,350 | ||||||
Maruti Suzuki India Ltd. | 5,904 | 553,887 | ||||||
Mphasis Ltd. | 10,810 | 262,659 | ||||||
Muthoot Finance Ltd.* | 10,143 | 167,293 | ||||||
Natco Pharma Ltd. | 5,819 | 65,704 | ||||||
Nestle India Ltd. | 593 | 139,221 | ||||||
Nippon Life India Asset Management Ltd.(b) | 29,798 | 137,876 | ||||||
NMDC Ltd. | 394,589 | 730,473 | ||||||
Page Industries Ltd. | 105 | 43,539 | ||||||
Petronet LNG Ltd. | 110,398 | 339,210 | ||||||
Pidilite Industries Ltd.* | 8,277 | 204,837 | ||||||
Sanofi India Ltd. | 860 | 92,742 | ||||||
SRF Ltd. | 1,012 | 74,893 | ||||||
Sun TV Network Ltd. | 419 | 2,695 | ||||||
Supreme Industries Ltd. | 5,704 | 159,362 | ||||||
Tata Consultancy Services Ltd. | 60,794 | 2,642,379 | ||||||
Tech Mahindra Ltd. | 62,972 | 853,924 | ||||||
Titan Co., Ltd. | 5,374 | 114,520 | ||||||
Torrent Pharmaceuticals Ltd. | 1,652 | 57,505 | ||||||
Torrent Power Ltd. | 52,318 | 303,259 | ||||||
UPL Ltd. | 35,305 | 309,935 | ||||||
Varun Beverages Ltd. | 8,500 | 116,600 | ||||||
Voltas Ltd. | 9,854 | 135,039 | ||||||
Whirlpool of India Ltd. | 1,371 | 41,752 | ||||||
|
| |||||||
| Total India |
| 29,057,732 | ||||||
| Indonesia – 1.4% |
| |||||||
Mayora Indah Tbk PT | 331,100 | 59,724 | ||||||
Telkom Indonesia Persero Tbk PT | 18,184,400 | 4,281,628 | ||||||
Tower Bersama Infrastructure Tbk PT | 1,488,000 | 212,059 | ||||||
Unilever Indonesia Tbk PT | 751,900 | 340,361 | ||||||
|
| |||||||
| Total Indonesia |
| 4,893,772 | ||||||
| Israel – 0.1% |
| |||||||
Strauss Group Ltd. | 16,763 | 452,415 | ||||||
| Italy – 1.3% |
| |||||||
Carel Industries SpA(b) | 5,417 | 110,524 | ||||||
DiaSorin SpA | 1,330 | 213,839 | ||||||
Ferrari N.V. | 10,741 | 2,251,471 | ||||||
Interpump Group SpA | 7,045 | 355,874 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 25,827 | 1,392,359 | ||||||
Reply SpA | 1,695 | 214,951 | ||||||
|
| |||||||
| Total Italy |
| 4,539,018 | ||||||
| Japan – 13.9% |
| |||||||
Advantest Corp. | 17,500 | 1,533,032 | ||||||
Asahi Intecc Co., Ltd. | 8,100 | 223,575 | ||||||
Astellas Pharma, Inc. | 298,700 | 4,600,791 | ||||||
BayCurrent Consulting, Inc. | 500 | 114,253 | ||||||
Benefit One, Inc.(a) | 13,900 | 369,702 | ||||||
Capcom Co., Ltd. | 24,000 | 780,815 | ||||||
Chugai Pharmaceutical Co., Ltd. | 111,100 | 4,513,375 | ||||||
CyberAgent, Inc. | 18,800 | 339,081 | ||||||
Daifuku Co., Ltd.(a) | 5,600 | 549,357 | ||||||
Elecom Co., Ltd.(a) | 9,400 | 208,927 | ||||||
Fancl Corp. | 10,400 | 351,529 | ||||||
Fast Retailing Co., Ltd. | 5,700 | 4,546,072 | ||||||
GMO Payment Gateway, Inc. | 3,200 | 425,122 | ||||||
Goldwin, Inc. | 3,100 | 198,624 | ||||||
GungHo Online Entertainment, Inc. | 12,000 | 237,394 | ||||||
Hoya Corp. | 17,600 | 2,071,385 | ||||||
Infocom Corp. | 1,600 | 40,746 | ||||||
Infomart Corp. | 4,800 | 41,397 | ||||||
IR Japan Holdings Ltd. | 100 | 12,100 | ||||||
Kakaku.com, Inc. | 27,400 | 748,851 | ||||||
Kaken Pharmaceutical Co., Ltd.(a) | 4,000 | 156,923 | ||||||
Katitas Co., Ltd. | 4,600 | 128,634 | ||||||
Kobe Bussan Co., Ltd.(a) | 8,000 | 214,661 | ||||||
Kose Corp. | 7,700 | 1,091,240 | ||||||
Kusuri no Aoki Holdings Co., Ltd.(a) | 600 | 46,045 | ||||||
Lasertec Corp. | 3,800 | 499,330 | ||||||
M3, Inc. | 6,900 | 472,759 | ||||||
Maruwa Unyu Kikan Co., Ltd.(a) | 3,300 | 57,608 | ||||||
MonotaRO Co., Ltd. | 18,600 | 503,967 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 55 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
March 31, 2021
| Investments | Shares | Value | ||||||
Nexon Co., Ltd. | 12,800 | $ | 415,855 | |||||
Nifco, Inc.(a) | 17,400 | 635,376 | ||||||
Nihon M&A Center, Inc.(a) | 17,800 | 482,130 | ||||||
Obic Co., Ltd.(a) | 6,000 | 1,098,462 | ||||||
Oracle Corp. | 10,400 | 1,016,471 | ||||||
Otsuka Corp. | 28,800 | 1,350,081 | ||||||
Pigeon Corp.(a) | 14,400 | 547,330 | ||||||
Seria Co., Ltd. | 8,700 | 304,303 | ||||||
Shionogi & Co., Ltd. | 34,100 | 1,836,771 | ||||||
Sushiro Global Holdings Ltd. | 3,800 | 168,163 | ||||||
Sysmex Corp. | 7,600 | 820,181 | ||||||
TechnoPro Holdings, Inc. | 4,600 | 383,819 | ||||||
Toei Animation Co., Ltd.(a) | 3,500 | 375,339 | ||||||
Tokyo Electron Ltd. | 27,600 | 11,686,914 | ||||||
Workman Co., Ltd.(a) | 3,900 | 279,882 | ||||||
Yamaha Corp. | 22,300 | 1,212,878 | ||||||
Yaskawa Electric Corp. | 18,800 | 937,448 | ||||||
ZOZO, Inc. | 26,852 | 794,625 | ||||||
|
| |||||||
| Total Japan |
| 49,423,323 | ||||||
| Malaysia – 0.2% |
| |||||||
Hartalega Holdings Bhd | 5,400 | 11,630 | ||||||
Press Metal Aluminium Holdings Bhd | 125,100 | 298,683 | ||||||
Top Glove Corp. Bhd | 214,200 | 233,494 | ||||||
Westports Holdings Bhd | 119,600 | 121,143 | ||||||
|
| |||||||
| Total Malaysia |
| 664,950 | ||||||
| Mexico – 0.8% |
| |||||||
Gruma S.A.B. de C.V., Class B | 29,010 | 342,256 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V., Class A | 434,194 | 741,252 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. | 511,520 | 1,611,774 | ||||||
|
| |||||||
| Total Mexico |
| 2,695,282 | ||||||
| Netherlands – 4.6% |
| |||||||
ASML Holding N.V. | 23,266 | 14,137,115 | ||||||
BE Semiconductor Industries N.V. | 13,610 | 1,142,742 | ||||||
Euronext N.V.(b) | 10,600 | 1,070,157 | ||||||
|
| |||||||
| Total Netherlands |
| 16,350,014 | ||||||
| Russia – 0.8% |
| |||||||
Mobile TeleSystems PJSC ADR | 222,556 | 1,856,117 | ||||||
Polyus PJSC GDR(c) | 9,229 | 849,529 | ||||||
|
| |||||||
| Total Russia |
| 2,705,646 | ||||||
| Singapore – 0.6% |
| |||||||
Singapore Exchange Ltd. | 298,300 | 2,213,494 | ||||||
| South Africa – 0.6% |
| |||||||
Anglo American Platinum Ltd. | 8,219 | 1,197,902 | ||||||
AngloGold Ashanti Ltd. | 10,212 | 222,577 | ||||||
SPAR Group Ltd. (The) | 47,911 | 616,123 | ||||||
|
| |||||||
| Total South Africa |
| 2,036,602 | ||||||
| South Korea – 1.6% |
| |||||||
Douzone Bizon Co., Ltd. | 693 | 60,130 | ||||||
LG Household & Health Care Ltd. | 452 | 627,029 | ||||||
NCSoft Corp. | 774 | 597,042 | ||||||
SK Hynix, Inc. | 36,116 | 4,228,293 | ||||||
SK Materials Co., Ltd. | 631 | 173,396 | ||||||
|
| |||||||
| Total South Korea |
| 5,685,890 | ||||||
| Sweden – 2.5% |
| |||||||
AddTech AB, Class B | 7,903 | 117,870 | ||||||
Atlas Copco AB, Class B | 64,148 | 3,344,913 | ||||||
Beijer Ref AB | 9,934 | 437,418 | ||||||
Epiroc AB, Class B | 49,755 | 1,038,620 | ||||||
EQT AB | 44,266 | 1,460,078 | ||||||
Evolution Gaming Group AB(b) | 11,786 | 1,738,903 | ||||||
Lifco AB, Class B | 6,055 | 564,076 | ||||||
Mycronic AB | 6,722 | 158,096 | ||||||
|
| |||||||
| Total Sweden |
| 8,859,974 | ||||||
| Switzerland – 11.3% |
| |||||||
Givaudan S.A., Registered Shares | 1,150 | 4,450,194 | ||||||
Logitech International S.A., Registered Shares | 17,119 | 1,803,302 | ||||||
Partners Group Holding AG | 6,564 | 8,418,156 | ||||||
Roche Holding AG, Bearer Shares(a) | 22,581 | 7,749,735 | ||||||
Roche Holding AG Genusschein | 35,521 | 11,528,332 | ||||||
Schindler Holding AG, Participation Certificate | 5,493 | 1,620,206 | ||||||
SFS Group AG | 5,828 | 726,991 | ||||||
Sika AG, Registered Shares | 12,601 | 3,615,013 | ||||||
Temenos AG, Registered Shares | 2,698 | 390,015 | ||||||
|
| |||||||
| Total Switzerland |
| 40,301,944 | ||||||
| Taiwan – 8.8% |
| |||||||
Accton Technology Corp. | 89,000 | 860,898 | ||||||
Advantech Co., Ltd. | 42,496 | 527,235 | ||||||
ASMedia Technology, Inc. | 1,000 | 52,220 | ||||||
Eclat Textile Co., Ltd. | 45,283 | 761,779 | ||||||
Feng TAY Enterprise Co., Ltd. | 79,620 | 544,138 | ||||||
Genius Electronic Optical Co., Ltd.(a) | 8,000 | 135,702 | ||||||
Hiwin Technologies Corp. | 13,391 | 188,900 | ||||||
Largan Precision Co., Ltd. | 15,000 | 1,687,520 | ||||||
Macronix International Co., Ltd. | 461,000 | 716,551 | ||||||
Micro-Star International Co., Ltd. | 102,000 | 622,017 | ||||||
momo.com, Inc. | 2,000 | 69,393 | ||||||
Nanya Technology Corp. | 226,000 | 727,908 | ||||||
Nien Made Enterprise Co., Ltd. | 31,000 | 432,412 | ||||||
Novatek Microelectronics Corp. | 89,000 | 1,793,537 | ||||||
President Chain Store Corp. | 144,000 | 1,372,726 | ||||||
Realtek Semiconductor Corp. | 58,000 | 1,004,171 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 828,000 | 17,034,171 | ||||||
Voltronic Power Technology Corp. | 7,000 | 271,090 | ||||||
Walsin Technology Corp. | 48,000 | 419,724 | ||||||
Wiwynn Corp. | 13,000 | 384,082 | ||||||
Yageo Corp. | 81,000 | 1,569,866 | ||||||
|
| |||||||
| Total Taiwan |
| 31,176,040 | ||||||
| Thailand – 0.1% |
| |||||||
Carabao Group PCL NVDR | 45,900 | 189,475 | ||||||
Delta Electronics Thailand PCL NVDR | 25,800 | 239,424 | ||||||
Muangthai Capital PCL NVDR | 27,200 | 61,581 | ||||||
|
| |||||||
| Total Thailand |
| 490,480 | ||||||
See Notes to Financial Statements.
| 56 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
March 31, 2021
| Investments | Shares | Value | ||||||
| Turkey – 0.4% |
| |||||||
Aselsan Elektronik Sanayi ve Ticaret AS | 32,738 | $ | 59,137 | |||||
Eregli Demir ve Celik Fabrikalari T.A.S. | 292,348 | 539,040 | ||||||
Ford Otomotiv Sanayi AS | 16,572 | 387,055 | ||||||
Turkcell Iletisim Hizmetleri AS | 212,553 | 384,464 | ||||||
|
| |||||||
| Total Turkey |
| 1,369,696 | ||||||
| United Kingdom – 9.8% |
| |||||||
AJ Bell PLC | 20,181 | 116,805 | ||||||
Ashmore Group PLC(a) | 277,453 | 1,498,287 | ||||||
Bunzl PLC | 52,841 | 1,693,577 | ||||||
Games Workshop Group PLC | 3,709 | 509,940 | ||||||
Gamma Communications PLC | 3,886 | 87,929 | ||||||
Halma PLC | 26,748 | 876,106 | ||||||
HomeServe PLC | 57,971 | 960,591 | ||||||
IMI PLC | 71,176 | 1,310,009 | ||||||
RELX PLC | 456,358 | 11,453,103 | ||||||
Unilever PLC | 288,520 | 16,145,767 | ||||||
|
| |||||||
| Total United Kingdom |
| 34,652,114 | ||||||
| TOTAL COMMON STOCKS (Cost: $294,855,482) |
| 354,297,687 | ||||||
| EXCHANGE-TRADED FUNDS – 0.0% |
| |||||||
| United States – 0.0% |
| |||||||
WisdomTree Emerging Markets High Dividend Fund(a)(d) | 1,259 | 55,849 | ||||||
WisdomTree International Equity Fund(d) | 1,565 | 82,296 | ||||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost: $138,098) |
| 138,145 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1% |
| |||||||
| United States – 1.1% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(e) | ||||||||
| (Cost: $3,935,928) | 3,935,928 | 3,935,928 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.9% (Cost: $298,929,508) |
| 358,371,760 | ||||||
Other Assets less Liabilities – (0.9)% |
| (3,241,505 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 355,130,255 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $9,273,853 and the total market value of the collateral held by the Fund was $9,814,020. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,878,092. |
| (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) | 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) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (e) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/ (Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree Emerging Markets High Dividend Fund | $ | 125,227 | $ | 8,993,357 | $ | 9,190,779 | $ | 89,496 | $ | 38,548 | $ | 55,849 | $ | 20,558 | ||||||||||||||
WisdomTree International Equity Fund | 190,736 | 13,495,967 | 13,662,640 | 5,783 | 52,450 | 82,296 | 21,787 | |||||||||||||||||||||
Total | $ | 315,963 | $ | 22,489,324 | $ | 22,853,419 | $ | 95,279 | $ | 90,998 | $ | 138,145 | $ | 42,345 | ||||||||||||||
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 51,175 | USD | 64,347 | CAD | $ | — | $ | (22 | ) | ||||||||||||||||||
Bank of Montreal | 4/6/2021 | 20,777 | USD | 27,291 | AUD | — | (9 | ) | ||||||||||||||||||||
Goldman Sachs | 4/5/2021 | 66,583 | USD | 552,439 | TRY | — | (167 | ) | ||||||||||||||||||||
| $ | — | $ | (198 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 57 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 354,297,687 | $ | — | $ | — | $ | 354,297,687 | ||||||||
Exchange-Traded Funds | 138,145 | — | — | 138,145 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 3,935,928 | — | 3,935,928 | ||||||||||||
Total Investments in Securities | $ | 354,435,832 | $ | 3,935,928 | $ | — | $ | 358,371,760 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (198 | ) | $ | — | $ | (198 | ) | ||||||
Total – Net | $ | 354,435,832 | $ | 3,935,730 | $ | — | $ | 358,371,562 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| 58 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% |
| |||||||
| Australia – 9.5% |
| |||||||
Abacus Property Group | 48,962 | $ | 104,790 | |||||
BWP Trust | 48,984 | 147,369 | ||||||
Centuria Industrial REIT | 45,419 | 114,850 | ||||||
Charter Hall Group | 28,956 | 284,060 | ||||||
Charter Hall Long Wale REIT | 54,422 | 195,646 | ||||||
Charter Hall Retail REIT | 68,634 | 200,736 | ||||||
Cromwell Property Group(a) | 375,859 | 236,175 | ||||||
Dexus | 138,198 | 1,026,270 | ||||||
Goodman Group | 89,911 | 1,240,871 | ||||||
Growthpoint Properties Australia Ltd. | 42,562 | 112,488 | ||||||
Ingenia Communities Group | 19,288 | 74,335 | ||||||
Mirvac Group | 369,904 | 704,344 | ||||||
Shopping Centres Australasia Property Group | 127,835 | 244,388 | ||||||
Stockland | 330,152 | 1,106,425 | ||||||
Waypoint REIT | 141,782 | 271,051 | ||||||
|
| |||||||
| Total Australia |
| 6,063,798 | ||||||
| Austria – 0.4% |
| |||||||
CA Immobilien Anlagen AG | 6,255 | 265,389 | ||||||
| Belgium – 2.2% |
| |||||||
Aedifica S.A. | 2,810 | 322,993 | ||||||
Befimmo S.A. | 3,002 | 122,607 | ||||||
Cofinimmo S.A. | 4,008 | 585,056 | ||||||
Warehouses De Pauw CVA | 10,828 | 358,623 | ||||||
|
| |||||||
| Total Belgium |
| 1,389,279 | ||||||
| Canada – 3.3% |
| |||||||
Allied Properties Real Estate Investment Trust | 6,675 | 215,835 | ||||||
Altus Group Ltd.(a) | 1,644 | 79,057 | ||||||
Canadian Apartment Properties REIT | 5,988 | 256,605 | ||||||
Choice Properties Real Estate Investment Trust | 30,731 | 331,553 | ||||||
CT Real Estate Investment Trust | 10,229 | 133,066 | ||||||
Dream Industrial Real Estate Investment Trust | 10,645 | 113,662 | ||||||
First Capital Real Estate Investment Trust | 13,758 | 180,506 | ||||||
FirstService Corp.(a) | 669 | 99,292 | ||||||
Granite Real Estate Investment Trust | 2,556 | 155,412 | ||||||
InterRent Real Estate Investment Trust | 6,147 | 72,335 | ||||||
Killam Apartment Real Estate Investment Trust | 6,952 | 102,384 | ||||||
NorthWest Healthcare Properties Real Estate Investment Trust | 12,725 | 130,910 | ||||||
Summit Industrial Income REIT | 6,994 | 79,353 | ||||||
Tricon Residential, Inc.(a) | 11,608 | 118,772 | ||||||
|
| |||||||
| Total Canada |
| 2,068,742 | ||||||
| Chile – 0.3% |
| |||||||
Cencosud Shopping S.A. | 55,985 | 116,911 | ||||||
Parque Arauco S.A. | 38,604 | 75,499 | ||||||
|
| |||||||
| Total Chile |
| 192,410 | ||||||
| China – 20.2% |
| |||||||
Agile Group Holdings Ltd. | 424,000 | 694,809 | ||||||
C&D International Investment Group Ltd.(a) | 55,000 | 99,750 | ||||||
Central China Real Estate Ltd. | 244,000 | 108,592 | ||||||
China Aoyuan Group Ltd. | 230,000 | 247,027 | ||||||
China Jinmao Holdings Group Ltd. | 693,000 | 278,111 | ||||||
China Overseas Grand Oceans Group Ltd. | 225,000 | 147,020 | ||||||
China Overseas Land & Investment Ltd. | 447,549 | 1,162,846 | ||||||
China Resources Land Ltd. | 342,000 | 1,656,233 | ||||||
China SCE Group Holdings Ltd. | 270,000 | 125,025 | ||||||
China Vanke Co., Ltd., Class H | 179,000 | 701,085 | ||||||
CIFI Holdings Group Co., Ltd. | 541,900 | 525,558 | ||||||
Country Garden Holdings Co., Ltd.(a) | 1,078,972 | 1,385,068 | ||||||
Dexin China Holdings Co., Ltd.* | 204,000 | 78,457 | ||||||
Greentown China Holdings Ltd.(a) | 43,500 | 56,176 | ||||||
Hopson Development Holdings Ltd. | 72,000 | 259,311 | ||||||
Jiayuan International Group Ltd. | 158,000 | 65,034 | ||||||
Kaisa Group Holdings Ltd.*(a) | 169,000 | 83,473 | ||||||
KWG Group Holdings Ltd. | 351,500 | 601,322 | ||||||
Logan Group Co., Ltd. | 133,000 | 224,106 | ||||||
Longfor Group Holdings Ltd.(b) | 177,000 | 1,172,495 | ||||||
Midea Real Estate Holding Ltd.(a)(b) | 48,400 | 102,348 | ||||||
Powerlong Real Estate Holdings Ltd. | 210,000 | 209,070 | ||||||
Redsun Properties Group Ltd. | 156,000 | 58,391 | ||||||
Seazen Group Ltd.* | 230,000 | 282,528 | ||||||
Shenzhen Investment Ltd. | 470,000 | 163,227 | ||||||
Shimao Group Holdings Ltd. | 127,500 | 400,977 | ||||||
Sunac China Holdings Ltd. | 264,271 | 1,133,641 | ||||||
Times China Holdings Ltd.(a) | 156,000 | 214,703 | ||||||
Yanlord Land Group Ltd. | 120,900 | 111,578 | ||||||
Yuexiu Property Co., Ltd. | 963,000 | 218,006 | ||||||
Yuzhou Group Holdings Co., Ltd.(a) | 443,000 | 132,197 | ||||||
Zhenro Properties Group Ltd.(a) | 101,700 | 72,078 | ||||||
Zhongliang Holdings Group Co., Ltd. | 140,500 | 95,420 | ||||||
|
| |||||||
| Total China |
| 12,865,662 | ||||||
| Finland – 0.3% |
| |||||||
Kojamo Oyj | 8,990 | 176,240 | ||||||
| France – 2.2% |
| |||||||
Cromwell European Real Estate Investment Trust | 249,300 | 133,316 | ||||||
Gecina S.A. | 5,890 | 812,703 | ||||||
Nexity S.A. | 8,624 | 426,514 | ||||||
|
| |||||||
| Total France |
| 1,372,533 | ||||||
| Germany – 9.9% |
| |||||||
alstria office REIT-AG | 27,776 | 449,850 | ||||||
Deutsche Wohnen SE, Bearer Shares | 24,853 | 1,161,962 | ||||||
LEG Immobilien SE | 6,911 | 911,019 | ||||||
PATRIZIA AG | 2,204 | 55,952 | ||||||
TAG Immobilien AG* | 15,414 | 440,945 | ||||||
Vonovia SE | 49,827 | 3,261,884 | ||||||
|
| |||||||
| Total Germany |
| 6,281,612 | ||||||
| Hong Kong – 14.2% |
| |||||||
Champion REIT | 290,000 | 170,096 | ||||||
Hang Lung Group Ltd. | 90,649 | 229,466 | ||||||
Hang Lung Properties Ltd. | 161,283 | 419,054 | ||||||
Henderson Land Development Co., Ltd. | 191,915 | 861,519 | ||||||
Hui Xian Real Estate Investment Trust* | 529,634 | 142,878 | ||||||
Hysan Development Co., Ltd. | 81,115 | 317,179 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 59 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
March 31, 2021
| Investments | Shares | Value | ||||||
Kowloon Development Co., Ltd. | 76,000 | $ | 83,484 | |||||
Link REIT | 228,414 | 2,080,110 | ||||||
New World Development Co., Ltd. | 176,013 | 910,125 | ||||||
Sino Land Co., Ltd. | 381,735 | 531,275 | ||||||
Sun Hung Kai Properties Ltd. | 177,810 | 2,694,212 | ||||||
Swire Properties Ltd. | 102,741 | 317,826 | ||||||
Wharf Holdings Ltd. (The) | 63,872 | 169,242 | ||||||
Yuexiu Real Estate Investment Trust | 240,900 | 123,325 | ||||||
|
| |||||||
| Total Hong Kong |
| 9,049,791 | ||||||
| India – 0.1% |
| |||||||
Embassy Office Parks REIT | 16,800 | 74,782 | ||||||
| Israel – 0.8% |
| |||||||
Alony Hetz Properties & Investments Ltd. | 11,836 | 152,338 | ||||||
Amot Investments Ltd. | 35,041 | 187,673 | ||||||
Azrieli Group Ltd. | 1,571 | 97,095 | ||||||
Mivne Real Estate KD Ltd. | 27,297 | 67,221 | ||||||
|
| |||||||
| Total Israel |
| 504,327 | ||||||
| Japan – 14.1% |
| |||||||
Aeon Mall Co., Ltd. | 5,930 | 103,305 | ||||||
Daito Trust Construction Co., Ltd.(a) | 15,000 | 1,741,629 | ||||||
Daiwa House Industry Co., Ltd.(a) | 53,600 | 1,572,105 | ||||||
GLP J-REIT | 287 | 472,186 | ||||||
Heiwa Real Estate Co., Ltd. | 2,400 | 75,041 | ||||||
Hulic Co., Ltd. | 38,800 | 458,226 | ||||||
Ichigo, Inc. | 13,100 | 38,766 | ||||||
Invesco Office J-REIT, Inc. | 1,175 | 185,342 | ||||||
Japan Metropolitan Fund Invest REIT | 638 | 653,012 | ||||||
Katitas Co., Ltd. | 1,900 | 53,131 | ||||||
Mitsubishi Estate Co., Ltd. | 59,489 | 1,040,385 | ||||||
Mitsui Fudosan Co., Ltd. | 52,308 | 1,189,829 | ||||||
Nomura Real Estate Holdings, Inc.(a) | 11,165 | 269,274 | ||||||
Open House Co., Ltd. | 5,400 | 230,661 | ||||||
Relo Group, Inc. | 3,100 | 65,703 | ||||||
Starts Corp., Inc. | 2,600 | 68,353 | ||||||
Sumitomo Realty & Development Co., Ltd. | 14,479 | 511,810 | ||||||
Tokyo Tatemono Co., Ltd. | 17,400 | 264,700 | ||||||
|
| |||||||
| Total Japan |
| 8,993,458 | ||||||
| Malaysia – 0.3% |
| |||||||
IGB Real Estate Investment Trust | 158,600 | 66,554 | ||||||
KLCCP Stapled Group | 50,800 | 85,514 | ||||||
Sunway Real Estate Investment Trust | 186,896 | 67,159 | ||||||
|
| |||||||
| Total Malaysia |
| 219,227 | ||||||
| Mexico – 0.4% |
| |||||||
PLA Administradora Industrial S de RL de C.V. | 109,098 | 162,416 | ||||||
Prologis Property Mexico S.A. de C.V. | 47,155 | 101,199 | ||||||
|
| |||||||
| Total Mexico |
| 263,615 | ||||||
| Norway – 0.7% |
| |||||||
Entra ASA(b) | 21,183 | 471,238 | ||||||
| Philippines – 0.3% |
| |||||||
Robinsons Land Corp. | 173,147 | 63,783 | ||||||
SM Prime Holdings, Inc. | 163,075 | 117,592 | ||||||
|
| |||||||
| Total Philippines |
| 181,375 | ||||||
| Singapore – 8.6% |
| |||||||
Ascendas India Trust | 122,400 | 134,826 | ||||||
Ascendas Real Estate Investment Trust | 350,036 | 794,589 | ||||||
Ascott Residence Trust(a) | 254,588 | 202,746 | ||||||
CapitaLand Integrated Commercial Trust | 476,200 | 769,093 | ||||||
CapitaLand Ltd. | 237,089 | 663,482 | ||||||
City Developments Ltd. | 19,603 | 116,427 | ||||||
Frasers Centrepoint Trust | 58,018 | 106,225 | ||||||
Frasers Logistics & Commercial Trust | 87,900 | 94,861 | ||||||
Keppel DC REIT | 92,704 | 186,291 | ||||||
Keppel REIT | 200,800 | 182,328 | ||||||
Manulife US Real Estate Investment Trust | 237,672 | 173,501 | ||||||
Mapletree Commercial Trust | 135,520 | 213,830 | ||||||
Mapletree Industrial Trust | 197,018 | 401,778 | ||||||
Mapletree Logistics Trust | 341,575 | 490,652 | ||||||
Mapletree North Asia Commercial Trust | 247,800 | 195,496 | ||||||
OUE Commercial Real Estate Investment Trust | 243,000 | 71,439 | ||||||
Parkway Life Real Estate Investment Trust | 44,400 | 134,826 | ||||||
SPH REIT | 101,600 | 66,166 | ||||||
Suntec Real Estate Investment Trust | 270,028 | 313,519 | ||||||
UOL Group Ltd. | 28,300 | 166,396 | ||||||
|
| |||||||
| Total Singapore |
| 5,478,471 | ||||||
| Spain – 0.9% |
| |||||||
Inmobiliaria Colonial Socimi S.A. | 17,742 | 172,135 | ||||||
Merlin Properties Socimi S.A. | 40,837 | 418,522 | ||||||
|
| |||||||
| Total Spain |
| 590,657 | ||||||
| Sweden – 2.6% |
| |||||||
Atrium Ljungberg AB, Class B(a) | 6,026 | 108,127 | ||||||
Castellum AB(a) | 26,392 | 583,172 | ||||||
Catena AB | 1,708 | 75,443 | ||||||
Fabege AB(a) | 17,216 | 232,574 | ||||||
Hufvudstaden AB, Class A(a) | 9,308 | 135,621 | ||||||
Kungsleden AB | 14,539 | 152,207 | ||||||
Samhallsbyggnadsbolaget i Norden AB(a) | 20,333 | 63,404 | ||||||
Wallenstam AB, Class B | 3,687 | 50,464 | ||||||
Wihlborgs Fastigheter AB | 12,079 | 229,626 | ||||||
|
| |||||||
| Total Sweden |
| 1,630,638 | ||||||
| Switzerland – 2.9% |
| |||||||
Allreal Holding AG, Registered Shares | 1,661 | 336,030 | ||||||
PSP Swiss Property AG, Registered Shares | 3,196 | 391,201 | ||||||
Swiss Prime Site AG, Registered Shares | 12,050 | 1,115,824 | ||||||
|
| |||||||
| Total Switzerland |
| 1,843,055 | ||||||
| Taiwan – 0.4% |
| |||||||
Farglory Land Development Co., Ltd. | 83,000 | 165,808 | ||||||
Ruentex Development Co., Ltd. | 39,000 | 67,658 | ||||||
|
| |||||||
| Total Taiwan |
| 233,466 | ||||||
| Thailand – 0.5% |
| |||||||
Central Pattana PCL NVDR | 70,074 | 130,618 | ||||||
Supalai PCL NVDR | 146,400 | 100,255 | ||||||
See Notes to Financial Statements.
| 60 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
March 31, 2021
| Investments | Shares | Value | ||||||
WHA Corp. PCL NVDR | 918,500 | $ | 102,284 | |||||
|
| |||||||
| Total Thailand |
| 333,157 | ||||||
| United Kingdom – 4.5% |
| |||||||
Assura PLC | 314,110 | 312,465 | ||||||
Big Yellow Group PLC | 10,743 | 165,267 | ||||||
CLS Holdings PLC | 17,845 | 56,382 | ||||||
Grainger PLC | 26,752 | 98,475 | ||||||
Great Portland Estates PLC | 12,146 | 113,920 | ||||||
Londonmetric Property PLC | 74,057 | 218,249 | ||||||
Primary Health Properties PLC | 91,823 | 187,752 | ||||||
Safestore Holdings PLC | 15,922 | 174,752 | ||||||
Secure Income REIT PLC(a) | 42,508 | 210,841 | ||||||
Segro PLC(b) | 59,015 | 763,422 | ||||||
Tritax Big Box REIT PLC | 153,654 | 380,534 | ||||||
Workspace Group PLC | 18,548 | 204,725 | ||||||
|
| |||||||
| Total United Kingdom |
| 2,886,784 | ||||||
| TOTAL COMMON STOCKS (Cost: $57,086,418) |
| 63,429,706 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.7% |
| |||||||
| United States – 8.7% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $5,538,740) | 5,538,740 | 5,538,740 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 108.3% (Cost: $62,625,158) |
| 68,968,446 | ||||||
Other Assets less Liabilities – (8.3)% |
| (5,257,812 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 63,710,634 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $6,836,169 and the total market value of the collateral held by the Fund was $7,514,432. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,975,692. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 | |||||||||||||||||||||||
HSBC Holdings PLC | 4/6/2021 | 17,036 | USD | 148,846 | SEK | $ | — | $ | (41 | ) | ||||||||||||||||||
State Street Bank and Trust | 4/6/2021 | 20,463 | USD | 19,344 | CHF | — | (90 | ) | ||||||||||||||||||||
| $ | — | $ | (131 | ) | ||||||||||||||||||||||||
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 63,429,706 | $ | — | $ | — | $ | 63,429,706 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 5,538,740 | — | 5,538,740 | ||||||||||||
Total Investments in Securities | $ | 63,429,706 | $ | 5,538,740 | $ | — | $ | 68,968,446 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (131 | ) | $ | — | $ | (131 | ) | ||||||
Total — Net | $ | 63,429,706 | $ | 5,538,609 | $ | — | $ | 68,968,315 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 61 |
Table of Contents
Schedule of Investments
WisdomTree Global High Dividend Fund (DEW)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.4% |
| |||||||
| Australia – 4.1% |
| |||||||
AGL Energy Ltd.(a) | 3,230 | $ | 23,740 | |||||
Alumina Ltd. | 13,063 | 17,312 | ||||||
APA Group(a) | 3,662 | 27,947 | ||||||
Aurizon Holdings Ltd. | 8,218 | 24,411 | ||||||
AusNet Services | 18,683 | 26,112 | ||||||
Australia & New Zealand Banking Group Ltd. | 8,667 | 186,022 | ||||||
BHP Group Ltd. | 11,358 | 391,882 | ||||||
BHP Group PLC | 6,310 | 182,345 | ||||||
Commonwealth Bank of Australia | 6,393 | 419,241 | ||||||
Dexus | 4,281 | 31,791 | ||||||
Fortescue Metals Group Ltd. | 27,307 | 415,760 | ||||||
Harvey Norman Holdings Ltd.(a) | 4,955 | 21,625 | ||||||
JB Hi-Fi Ltd. | 380 | 14,987 | ||||||
Macquarie Group Ltd. | 657 | 76,477 | ||||||
Magellan Financial Group Ltd.(a) | 407 | 14,002 | ||||||
Medibank Pvt Ltd. | 8,398 | 17,910 | ||||||
Metcash Ltd.(a) | 3,327 | 9,325 | ||||||
Mineral Resources Ltd. | 797 | 23,079 | ||||||
Mirvac Group | 12,343 | 23,503 | ||||||
National Australia Bank Ltd. | 9,911 | 196,267 | ||||||
Origin Energy Ltd. | 7,198 | 25,712 | ||||||
QBE Insurance Group Ltd. | 2,733 | 20,025 | ||||||
Rio Tinto Ltd. | 1,809 | 152,594 | ||||||
Spark Infrastructure Group | 10,600 | 17,519 | ||||||
Stockland | 8,328 | 27,909 | ||||||
Telstra Corp., Ltd. | 37,313 | 96,626 | ||||||
Transurban Group(a) | 5,019 | 50,919 | ||||||
Wesfarmers Ltd. | 3,161 | 126,807 | ||||||
Worley Ltd. | 1,601 | 12,792 | ||||||
|
| |||||||
| Total Australia |
| 2,674,641 | ||||||
| Austria – 0.2% |
| |||||||
Oesterreichische Post AG(a) | 538 | 23,585 | ||||||
OMV AG | 1,490 | 75,757 | ||||||
Raiffeisen Bank International AG* | 2,431 | 53,514 | ||||||
|
| |||||||
| Total Austria |
| 152,856 | ||||||
| Belgium – 0.1% |
| |||||||
Proximus SADP | 1,889 | 41,206 | ||||||
Solvay S.A.(a) | 306 | 38,194 | ||||||
Telenet Group Holding N.V. | 410 | 16,663 | ||||||
|
| |||||||
| Total Belgium |
| 96,063 | ||||||
| Brazil – 0.8% |
| |||||||
Banco do Brasil S.A. | 9,272 | 50,032 | ||||||
Banco Santander Brasil S.A. | 4,042 | 28,365 | ||||||
CCR S.A. | 8,048 | 18,427 | ||||||
Centrais Eletricas Brasileiras S.A. | 2,274 | 13,810 | ||||||
Petrobras Distribuidora S.A. | 7,166 | 28,039 | ||||||
Porto Seguro S.A. | 938 | 7,809 | ||||||
Vale S.A. | 22,082 | 383,373 | ||||||
|
| |||||||
| Total Brazil |
| 529,855 | ||||||
| Canada – 4.3% |
| |||||||
Bank of Montreal | 1,829 | $ | 163,014 | |||||
Bank of Nova Scotia (The) | 4,282 | 267,853 | ||||||
BCE, Inc. | 2,982 | 134,597 | ||||||
Canadian Imperial Bank of Commerce(a) | 1,505 | 147,345 | ||||||
Canadian Natural Resources Ltd. | 4,609 | 142,467 | ||||||
Enbridge, Inc. | 9,255 | 337,108 | ||||||
Finning International, Inc. | 788 | 20,038 | ||||||
Gibson Energy, Inc.(a) | 995 | 17,630 | ||||||
Great-West Lifeco, Inc. | 3,289 | 87,508 | ||||||
Hydro One Ltd.(b) | 2,770 | 64,509 | ||||||
IGM Financial, Inc.(a) | 1,128 | 34,374 | ||||||
Manulife Financial Corp. | 6,256 | 134,542 | ||||||
National Bank of Canada(a) | 909 | 61,743 | ||||||
Nutrien Ltd. | 1,488 | 80,151 | ||||||
Power Corp. of Canada(a) | 2,513 | 66,042 | ||||||
Rogers Communications, Inc., Class B | 962 | 44,355 | ||||||
Royal Bank of Canada | 3,373 | 310,959 | ||||||
Shaw Communications, Inc., Class B | 2,362 | 61,416 | ||||||
Sun Life Financial, Inc. | 1,400 | 70,743 | ||||||
TC Energy Corp.(a) | 2,849 | 130,589 | ||||||
TELUS Corp. | 4,218 | 84,001 | ||||||
Toronto-Dominion Bank (The) | 5,054 | 329,575 | ||||||
|
| |||||||
| Total Canada |
| 2,790,559 | ||||||
| Chile – 0.1% |
| |||||||
Banco de Chile | 328,038 | 38,781 | ||||||
Enel Americas S.A. | 251,312 | 42,014 | ||||||
|
| |||||||
| Total Chile |
| 80,795 | ||||||
| China – 3.7% |
| |||||||
Agile Group Holdings Ltd. | 28,000 | 45,884 | ||||||
Agricultural Bank of China Ltd., Class H | 237,074 | 94,836 | ||||||
Anhui Conch Cement Co., Ltd., Class H | 8,000 | 52,017 | ||||||
Beijing Enterprises Holdings Ltd. | 7,500 | 26,481 | ||||||
BOC Hong Kong Holdings Ltd. | 40,000 | 139,688 | ||||||
China Aoyuan Group Ltd. | 14,000 | 15,036 | ||||||
China Construction Bank Corp., Class H | 729,536 | 613,698 | ||||||
China Everbright Environment Group Ltd. | 34,000 | 23,004 | ||||||
China Life Insurance Co., Ltd., Class H | 37,000 | 76,432 | ||||||
China Medical System Holdings Ltd. | 10,000 | 19,783 | ||||||
China Overseas Land & Investment Ltd. | 33,500 | 87,041 | ||||||
China Pacific Insurance Group Co., Ltd., Class H | 18,200 | 71,752 | ||||||
China Resources Cement Holdings Ltd. | 28,000 | 31,441 | ||||||
China Resources Power Holdings Co., Ltd. | 28,000 | 37,168 | ||||||
CIFI Holdings Group Co., Ltd. | 28,000 | 27,156 | ||||||
Country Garden Holdings Co., Ltd.(a) | 57,668 | 74,028 | ||||||
Far East Horizon Ltd.(a) | 17,000 | 20,423 | ||||||
Guangdong Investment Ltd. | 16,000 | 26,055 | ||||||
Hengan International Group Co., Ltd. | 4,500 | 29,578 | ||||||
Hopson Development Holdings Ltd. | 4,000 | 14,406 | ||||||
Industrial & Commercial Bank of China Ltd., Class H | 548,000 | 393,319 | ||||||
Kunlun Energy Co., Ltd. | 28,000 | 29,425 | ||||||
KWG Group Holdings Ltd. | 19,500 | 33,359 | ||||||
Lenovo Group Ltd. | 62,000 | 88,202 | ||||||
See Notes to Financial Statements.
| 62 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2021
| Investments | Shares | Value | ||||||
New China Life Insurance Co., Ltd., Class H | 4,800 | $ | 18,584 | |||||
Postal Savings Bank of China Co., Ltd., Class H(a)(b) | 64,000 | 47,828 | ||||||
Powerlong Real Estate Holdings Ltd. | 13,000 | 12,942 | ||||||
Shenzhen International Holdings Ltd. | 20,500 | 34,332 | ||||||
Shenzhen Investment Ltd. | 62,000 | 21,532 | ||||||
Shimao Group Holdings Ltd. | 7,000 | 22,014 | ||||||
SITC International Holdings Co., Ltd. | 12,000 | 40,672 | ||||||
Sunac China Holdings Ltd. | 13,000 | 55,766 | ||||||
Times China Holdings Ltd. | 11,000 | 15,139 | ||||||
Uni-President China Holdings Ltd. | 12,000 | 14,602 | ||||||
Want Want China Holdings Ltd. | 49,000 | 36,745 | ||||||
WH Group Ltd.(b) | 55,500 | 44,974 | ||||||
Zhongliang Holdings Group Co., Ltd. | 16,500 | 11,206 | ||||||
|
| |||||||
| Total China |
| 2,446,548 | ||||||
| Czech Republic – 0.1% |
| |||||||
O2 Czech Republic AS | 2,892 | 33,703 | ||||||
| Finland – 0.4% |
| |||||||
Fortum Oyj | 3,162 | 84,583 | ||||||
Konecranes Oyj | 461 | 20,589 | ||||||
Neles Oyj | 1,843 | 23,458 | ||||||
Nokian Renkaat Oyj(a) | 470 | 17,058 | ||||||
Orion Oyj, Class B(a) | 404 | 16,224 | ||||||
Sampo Oyj, Class A | 1,645 | 74,377 | ||||||
Valmet Oyj | 710 | 25,877 | ||||||
|
| |||||||
| Total Finland |
| 262,166 | ||||||
| France – 1.3% |
| |||||||
ALD S.A.(b) | 1,681 | 24,656 | ||||||
AXA S.A. | 6,133 | 164,958 | ||||||
Danone S.A. | 1,422 | 97,770 | ||||||
Gecina S.A. | 231 | 31,873 | ||||||
Imerys S.A. | 350 | 17,079 | ||||||
Orange S.A. | 7,685 | 94,883 | ||||||
Publicis Groupe S.A. | 510 | 31,193 | ||||||
Rubis SCA | 396 | 18,803 | ||||||
Sanofi | 3,792 | 375,480 | ||||||
Societe BIC S.A. | 261 | 15,313 | ||||||
Verallia S.A.(b) | 333 | 12,035 | ||||||
|
| |||||||
| Total France |
| 884,043 | ||||||
| Germany – 3.1% |
| |||||||
Allianz SE, Registered Shares | 1,268 | 323,465 | ||||||
BASF SE | 2,982 | 248,276 | ||||||
Bayer AG, Registered Shares | 3,320 | 210,552 | ||||||
Bayerische Motoren Werke AG | 1,428 | 148,482 | ||||||
Continental AG | 330 | 43,710 | ||||||
Deutsche Telekom AG, Registered Shares | 11,299 | 228,012 | ||||||
E.ON SE | 11,258 | 131,310 | ||||||
Evonik Industries AG | 1,428 | 50,618 | ||||||
Hannover Rueck SE | 284 | 52,004 | ||||||
METRO AG | 1,934 | 20,480 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares | 349 | 107,713 | ||||||
Siemens AG, Registered Shares | 1,664 | 273,798 | ||||||
Siltronic AG | 119 | 19,231 | ||||||
Talanx AG | 767 | 32,597 | ||||||
Telefonica Deutschland Holding AG | 12,881 | 37,847 | ||||||
Traton SE | 1,654 | 44,711 | ||||||
TUI AG | 7,459 | 37,784 | ||||||
Uniper SE | 903 | 32,773 | ||||||
|
| |||||||
| Total Germany |
| 2,043,363 | ||||||
| Hong Kong – 1.0% |
| |||||||
CLP Holdings Ltd. | 9,000 | 87,402 | ||||||
Hang Seng Bank Ltd. | 6,300 | 121,957 | ||||||
Henderson Land Development Co., Ltd. | 17,100 | 76,763 | ||||||
Link REIT | 6,400 | 58,283 | ||||||
New World Development Co., Ltd. | 11,118 | 57,489 | ||||||
Power Assets Holdings Ltd. | 13,500 | 79,703 | ||||||
Sino Land Co., Ltd. | 26,000 | 36,185 | ||||||
Sun Hung Kai Properties Ltd. | 7,500 | 113,642 | ||||||
Swire Properties Ltd. | 15,200 | 47,021 | ||||||
|
| |||||||
| Total Hong Kong |
| 678,445 | ||||||
| India – 0.5% |
| |||||||
GAIL India Ltd. | 18,641 | 34,547 | ||||||
Hindustan Petroleum Corp., Ltd. | 4,820 | 15,459 | ||||||
Indus Towers Ltd. | 4,861 | 16,289 | ||||||
ITC Ltd. | 19,267 | 57,579 | ||||||
NMDC Ltd. | 10,228 | 18,934 | ||||||
Oil & Natural Gas Corp., Ltd. | 34,288 | 47,905 | ||||||
Oracle Financial Services Software Ltd. | 277 | 12,120 | ||||||
Power Grid Corp. of India Ltd. | 28,897 | 85,232 | ||||||
REC Ltd. | 15,727 | 28,211 | ||||||
|
| |||||||
| Total India |
| 316,276 | ||||||
| Indonesia – 0.4% |
| |||||||
Astra International Tbk PT | 98,700 | 35,844 | ||||||
Bank Mandiri Persero Tbk PT | 122,400 | 51,825 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 280,000 | 84,819 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 12,500 | 10,521 | ||||||
Telkom Indonesia Persero Tbk PT | 291,400 | 68,612 | ||||||
United Tractors Tbk PT | 10,100 | 15,385 | ||||||
|
| |||||||
| Total Indonesia |
| 267,006 | ||||||
| Israel – 0.0% |
| |||||||
ICL Group Ltd. | 3,563 | 20,910 | ||||||
| Italy – 1.0% |
| |||||||
A2A SpA | 16,779 | 30,606 | ||||||
Assicurazioni Generali SpA | 3,651 | 73,205 | ||||||
Enav SpA(b) | 4,305 | 20,987 | ||||||
Enel SpA | 23,135 | 230,929 | ||||||
ERG SpA | 539 | 16,053 | ||||||
Iren SpA | 6,355 | 17,597 | ||||||
Italgas SpA | 6,447 | 41,940 | ||||||
Mediobanca Banca di Credito Finanziario SpA* | 3,810 | 42,343 | ||||||
Poste Italiane SpA(b) | 4,438 | 56,541 | ||||||
Telecom Italia SpA, RSP | 30,035 | 17,311 | ||||||
Terna Rete Elettrica Nazionale SpA | 5,698 | 43,114 | ||||||
UnipolSai Assicurazioni SpA | 18,270 | 55,056 | ||||||
|
| |||||||
| Total Italy |
| 645,682 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 63 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2021
| Investments | Shares | Value | ||||||
| Japan – 5.1% |
| |||||||
AGC, Inc. | 800 | $ | 33,520 | |||||
Asahi Kasei Corp.(a) | 3,400 | 39,215 | ||||||
Bridgestone Corp. | 2,500 | 101,244 | ||||||
Canon, Inc. | 5,400 | 122,294 | ||||||
Chubu Electric Power Co., Inc.(a) | 2,200 | 28,371 | ||||||
Dai-ichi Life Holdings, Inc. | 2,800 | 48,196 | ||||||
Daicel Corp.(a) | 2,000 | 15,421 | ||||||
Daito Trust Construction Co., Ltd.(a) | 500 | 58,054 | ||||||
Daiwa House Industry Co., Ltd.(a) | 1,400 | 41,062 | ||||||
Daiwa Securities Group, Inc.(a) | 6,000 | 31,064 | ||||||
ENEOS Holdings, Inc.(a) | 13,000 | 59,012 | ||||||
Idemitsu Kosan Co., Ltd.(a) | 1,400 | 36,159 | ||||||
Inpex Corp. | 6,200 | 42,418 | ||||||
ITOCHU Corp.(a) | 4,842 | 157,179 | ||||||
Japan Post Insurance Co., Ltd. | 1,600 | 32,927 | ||||||
Japan Tobacco, Inc. | 8,400 | 161,539 | ||||||
JTEKT Corp. | 1,500 | 15,339 | ||||||
Kansai Electric Power Co., Inc. (The)(a) | 3,400 | 36,862 | ||||||
KDDI Corp.(a) | 8,300 | 255,009 | ||||||
Marubeni Corp.(a) | 5,169 | 43,074 | ||||||
Matsui Securities Co., Ltd.(a) | 1,600 | 13,046 | ||||||
Mebuki Financial Group, Inc. | 5,900 | 13,936 | ||||||
Mitsubishi Chemical Holdings Corp.(a) | 5,100 | 38,303 | ||||||
Mitsubishi Corp.(a) | 5,200 | 147,294 | ||||||
Mitsubishi UFJ Financial Group, Inc.(a) | 44,600 | 238,822 | ||||||
Mizuho Financial Group, Inc.(a) | 9,030 | 130,669 | ||||||
MS&AD Insurance Group Holdings, Inc.(a) | 2,700 | 79,387 | ||||||
Nippon Telegraph & Telephone Corp. | 9,300 | 239,191 | ||||||
Nomura Holdings, Inc. | 8,900 | 46,828 | ||||||
Resona Holdings, Inc.(a) | 9,700 | 40,802 | ||||||
Seiko Epson Corp.(a) | 1,500 | 24,434 | ||||||
Sekisui House Ltd. | 2,300 | 49,414 | ||||||
SoftBank Corp.(a) | 27,400 | 356,696 | ||||||
Sompo Holdings, Inc.(a) | 1,000 | 38,389 | ||||||
Sumitomo Corp.(a) | 4,486 | 64,022 | ||||||
Sumitomo Mitsui Financial Group, Inc.(a) | 5,000 | 181,312 | ||||||
T&D Holdings, Inc.(a) | 1,600 | 20,648 | ||||||
Takeda Pharmaceutical Co., Ltd.(a) | 4,200 | 151,466 | ||||||
Toda Corp. | 2,600 | 19,082 | ||||||
Tohoku Electric Power Co., Inc.(a) | 2,700 | 25,534 | ||||||
Tokio Marine Holdings, Inc.(a) | 1,700 | 81,000 | ||||||
|
| |||||||
| Total Japan |
| 3,358,234 | ||||||
| Malaysia – 0.1% |
| |||||||
DiGi.Com Bhd | 33,400 | 29,320 | ||||||
Petronas Gas Bhd | 6,900 | 26,625 | ||||||
|
| |||||||
| Total Malaysia |
| 55,945 | ||||||
| Mexico – 0.2% |
| |||||||
Grupo Mexico S.A.B. de C.V., Series B | 17,287 | 90,792 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V., Class A | 14,696 | 25,089 | ||||||
Orbia Advance Corp. S.A.B. de C.V. | 7,786 | 20,766 | ||||||
|
| |||||||
| Total Mexico |
| 136,647 | ||||||
| Netherlands – 0.4% |
| |||||||
ASR Nederland N.V. | 651 | 29,235 | ||||||
Koninklijke Ahold Delhaize N.V. | 3,487 | 97,334 | ||||||
Koninklijke KPN N.V. | 18,848 | 64,108 | ||||||
NN Group N.V. | 1,266 | 62,032 | ||||||
|
| |||||||
| Total Netherlands |
| 252,709 | ||||||
| Norway – 0.6% |
| |||||||
Equinor ASA | 11,154 | 218,602 | ||||||
Gjensidige Forsikring ASA | 1,678 | 39,432 | ||||||
Telenor ASA | 6,616 | 116,644 | ||||||
Yara International ASA | 743 | 38,715 | ||||||
|
| |||||||
| Total Norway |
| 413,393 | ||||||
| Philippines – 0.1% |
| |||||||
Globe Telecom, Inc. | 345 | 13,363 | ||||||
PLDT, Inc. | 955 | 24,024 | ||||||
|
| |||||||
| Total Philippines |
| 37,387 | ||||||
| Portugal – 0.1% |
| |||||||
EDP – Energias de Portugal S.A. | 7,263 | 41,571 | ||||||
| Russia – 1.8% |
| |||||||
Magnit PJSC, GDR(c) | 2,226 | 33,368 | ||||||
MMC Norilsk Nickel PJSC, ADR | 6,674 | 208,095 | ||||||
Mobile TeleSystems PJSC, ADR | 6,205 | 51,750 | ||||||
PhosAgro PJSC, GDR(c) | 2,044 | 35,606 | ||||||
Rosneft Oil Co. PJSC, GDR(c) | 21,444 | 162,160 | ||||||
Sberbank of Russia PJSC, ADR | 39,889 | 614,490 | ||||||
Tatneft PJSC, ADR | 1,916 | 90,895 | ||||||
|
| |||||||
| Total Russia |
| 1,196,364 | ||||||
| Singapore – 0.9% |
| |||||||
DBS Group Holdings Ltd. | 7,766 | 166,406 | ||||||
Genting Singapore Ltd. | 55,600 | 38,071 | ||||||
Jardine Cycle & Carriage Ltd. | 1,800 | 30,156 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 14,027 | 122,669 | ||||||
Singapore Telecommunications Ltd. | 55,000 | 99,881 | ||||||
United Overseas Bank Ltd. | 6,113 | 117,519 | ||||||
|
| |||||||
| Total Singapore |
| 574,702 | ||||||
| South Africa – 0.3% |
| |||||||
African Rainbow Minerals Ltd.(a) | 1,076 | 20,266 | ||||||
Exxaro Resources Ltd. | 2,622 | 30,872 | ||||||
Kumba Iron Ore Ltd.(a) | 609 | 25,096 | ||||||
MultiChoice Group | 2,194 | 19,160 | ||||||
Remgro Ltd. | 4,398 | 30,975 | ||||||
Sanlam Ltd. | 12,813 | 51,655 | ||||||
Vodacom Group Ltd. | 5,154 | 44,070 | ||||||
|
| |||||||
| Total South Africa |
| 222,094 | ||||||
| South Korea – 0.7% |
| |||||||
Hana Financial Group, Inc. | 2,533 | 95,792 | ||||||
Industrial Bank of Korea | 2,299 | 18,607 | ||||||
KT&G Corp. | 841 | 60,488 | ||||||
Macquarie Korea Infrastructure Fund | 4,602 | 47,372 | ||||||
POSCO | 377 | 106,596 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 187 | 31,394 | ||||||
See Notes to Financial Statements.
| 64 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2021
| Investments | Shares | Value | ||||||
Samsung Life Insurance Co., Ltd. | 505 | $ | 34,849 | |||||
SK Telecom Co., Ltd. | 207 | 50,298 | ||||||
|
| |||||||
| Total South Korea |
| 445,396 | ||||||
| Spain – 0.9% |
| |||||||
Enagas S.A. | 1,922 | 41,835 | ||||||
Endesa S.A. | 3,738 | 99,112 | ||||||
Fomento de Construcciones y Contratas S.A. | 1,610 | 19,036 | ||||||
Iberdrola S.A. | 18,910 | 244,141 | ||||||
Naturgy Energy Group S.A.(a) | 4,348 | 106,803 | ||||||
Red Electrica Corp. S.A. | 3,305 | 58,654 | ||||||
|
| |||||||
| Total Spain |
| 569,581 | ||||||
| Sweden – 0.2% |
| |||||||
Tele2 AB, Class B | 3,060 | 41,356 | ||||||
Telia Co. AB | 13,253 | 57,520 | ||||||
|
| |||||||
| Total Sweden |
| 98,876 | ||||||
| Switzerland – 2.1% |
| |||||||
ABB Ltd., Registered Shares | 3,906 | 118,531 | ||||||
Adecco Group AG, Registered Shares | 570 | 38,543 | ||||||
Banque Cantonale Vaudoise, Registered Shares | 358 | 35,072 | ||||||
LafargeHolcim Ltd., Registered Shares* | 1,703 | 100,499 | ||||||
Novartis AG, Registered Shares | 7,649 | 656,441 | ||||||
Swiss Life Holding AG, Registered Shares | 120 | 59,238 | ||||||
Swiss Prime Site AG, Registered Shares | 402 | 37,225 | ||||||
Swisscom AG, Registered Shares(a) | 204 | 109,895 | ||||||
Zurich Insurance Group AG | 517 | 221,599 | ||||||
|
| |||||||
| Total Switzerland |
| 1,377,043 | ||||||
| Taiwan – 2.8% |
| |||||||
Asia Cement Corp. | 36,000 | 60,309 | ||||||
Asustek Computer, Inc. | 8,000 | 104,440 | ||||||
Catcher Technology Co., Ltd. | 6,000 | 44,475 | ||||||
Cathay Financial Holding Co., Ltd. | 53,000 | 89,067 | ||||||
Chicony Electronics Co., Ltd. | 12,000 | 42,687 | ||||||
Chunghwa Telecom Co., Ltd. | 21,000 | 82,063 | ||||||
CTBC Financial Holding Co., Ltd. | 190,480 | 147,535 | ||||||
Far Eastern New Century Corp. | 42,000 | 44,454 | ||||||
Formosa Chemicals & Fibre Corp. | 29,000 | 89,034 | ||||||
Formosa Plastics Corp. | 30,000 | 106,193 | ||||||
Fubon Financial Holding Co., Ltd. | 61,195 | 121,820 | ||||||
Hon Hai Precision Industry Co., Ltd. | 71,000 | 308,555 | ||||||
Lite-On Technology Corp. | 33,000 | 72,632 | ||||||
Mega Financial Holding Co., Ltd. | 83,941 | 93,846 | ||||||
Pegatron Corp. | 27,680 | 71,885 | ||||||
Quanta Computer, Inc. | 25,210 | 86,587 | ||||||
Shanghai Commercial & Savings Bank Ltd. (The) | 34,000 | 49,988 | ||||||
SinoPac Financial Holdings Co., Ltd. | 164,559 | 74,110 | ||||||
Synnex Technology International Corp. | 20,000 | 38,201 | ||||||
Taiwan Cement Corp. | 54,850 | 89,965 | ||||||
Wistron Corp. | 39,000 | 45,789 | ||||||
|
| |||||||
| Total Taiwan |
| 1,863,635 | ||||||
| Thailand – 0.2% |
| |||||||
Bangkok Commercial Asset Management PCL, NVDR | 10,400 | 7,222 | ||||||
Intouch Holdings PCL, NVDR | 9,000 | 16,704 | ||||||
PTT Exploration & Production PCL, NVDR | 12,500 | 45,600 | ||||||
Ratch Group PCL, NVDR | 4,900 | 8,036 | ||||||
Siam Commercial Bank PCL (The), NVDR | 10,600 | 37,821 | ||||||
|
| |||||||
| Total Thailand |
| 115,383 | ||||||
| United Kingdom – 4.1% |
| |||||||
Admiral Group PLC | 1,313 | 56,176 | ||||||
Airtel Africa PLC(b) | 14,676 | 16,057 | ||||||
BAE Systems PLC | 9,476 | 66,024 | ||||||
Berkeley Group Holdings PLC | 417 | 25,539 | ||||||
British American Tobacco PLC | 10,546 | 403,626 | ||||||
Direct Line Insurance Group PLC | 9,480 | 40,978 | ||||||
easyJet PLC* | 1,918 | 25,886 | ||||||
GlaxoSmithKline PLC | 24,725 | 439,377 | ||||||
National Grid PLC | 10,677 | 127,277 | ||||||
Pearson PLC | 1,750 | 18,630 | ||||||
Pennon Group PLC | 1,316 | 17,703 | ||||||
Phoenix Group Holdings PLC | 3,011 | 30,501 | ||||||
Rio Tinto PLC | 6,471 | 495,506 | ||||||
Royal Dutch Shell PLC, Class A(a) | 23,483 | 458,064 | ||||||
Schroders PLC | 578 | 27,911 | ||||||
Severn Trent PLC | 1,010 | 32,134 | ||||||
SSE PLC | 3,472 | 69,699 | ||||||
Standard Life Aberdeen PLC | 12,062 | 48,245 | ||||||
Tesco PLC | 17,621 | 55,637 | ||||||
United Utilities Group PLC | 2,271 | 29,008 | ||||||
Vodafone Group PLC | 114,797 | 208,879 | ||||||
|
| |||||||
| Total United Kingdom |
| 2,692,857 | ||||||
| United States – 57.7% |
| |||||||
3M Co. | 4,304 | 829,295 | ||||||
AbbVie, Inc. | 11,933 | 1,291,389 | ||||||
Altria Group, Inc. | 34,299 | 1,754,737 | ||||||
American Campus Communities, Inc. | 1,054 | 45,501 | ||||||
American Electric Power Co., Inc. | 2,200 | 186,340 | ||||||
Antero Midstream Corp.(a) | 6,859 | 61,937 | ||||||
APA Corp. | 3,282 | 58,748 | ||||||
Apartment Investment and Management Co., Class A | 3,427 | 21,042 | ||||||
Apollo Global Management, Inc. | 1,668 | 78,413 | ||||||
Artisan Partners Asset Management, Inc., Class A | 880 | 45,910 | ||||||
AT&T, Inc. | 117,807 | 3,566,018 | ||||||
AvalonBay Communities, Inc. | 821 | 151,483 | ||||||
Avangrid, Inc. | 1,430 | 71,228 | ||||||
Avista Corp. | 552 | 26,358 | ||||||
Baker Hughes Co. | 5,206 | 112,502 | ||||||
Bank of Hawaii Corp. | 311 | 27,831 | ||||||
Bank of New York Mellon Corp. (The) | 4,444 | 210,157 | ||||||
Bank OZK | 890 | 36,356 | ||||||
Black Hills Corp. | 405 | 27,042 | ||||||
Blackstone Group, Inc. (The), Class A | 3,180 | 237,005 | ||||||
BOK Financial Corp. | 389 | 34,745 | ||||||
Boston Properties, Inc. | 1,105 | 111,892 | ||||||
Broadcom, Inc. | 1,963 | 910,165 | ||||||
Camden Property Trust | 515 | 56,604 | ||||||
Cardinal Health, Inc. | 1,665 | 101,149 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 65 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2021
| Investments | Shares | Value | ||||||
CenterPoint Energy, Inc. | 3,117 | $ | 70,600 | |||||
CF Industries Holdings, Inc. | 1,276 | 57,905 | ||||||
Chemours Co. (The) | 1,046 | 29,194 | ||||||
Cisco Systems, Inc. | 21,992 | 1,137,206 | ||||||
Citigroup, Inc. | 22,208 | 1,615,632 | ||||||
Coca-Cola Co. (The) | 29,913 | 1,576,714 | ||||||
Cogent Communications Holdings, Inc. | 306 | 21,041 | ||||||
Cohen & Steers, Inc. | 627 | 40,962 | ||||||
Compass Minerals International, Inc. | 368 | 23,081 | ||||||
ConocoPhillips | 11,760 | 622,927 | ||||||
Consolidated Edison, Inc. | 1,752 | 131,050 | ||||||
CoreSite Realty Corp. | 347 | 41,588 | ||||||
Corporate Office Properties Trust | 1,221 | 32,149 | ||||||
Cousins Properties, Inc. | 1,023 | 36,163 | ||||||
CubeSmart | 1,691 | 63,971 | ||||||
Cullen/Frost Bankers, Inc. | 387 | 42,090 | ||||||
CVB Financial Corp. | 905 | 19,991 | ||||||
Dominion Energy, Inc. | 5,553 | 421,806 | ||||||
Douglas Emmett, Inc. | 1,340 | 42,076 | ||||||
Dow, Inc. | 6,215 | 397,387 | ||||||
DTE Energy Co. | 938 | 124,885 | ||||||
Duke Energy Corp. | 4,381 | 422,898 | ||||||
Eastman Chemical Co. | 610 | 67,173 | ||||||
Edison International | 2,393 | 140,230 | ||||||
Entergy Corp. | 1,001 | 99,569 | ||||||
EOG Resources, Inc. | 3,383 | 245,369 | ||||||
Equitrans Midstream Corp. | 5,565 | 45,410 | ||||||
Equity Commonwealth | 3,666 | 101,915 | ||||||
Equity Residential | 2,387 | 170,981 | ||||||
Essex Property Trust, Inc. | 378 | 102,755 | ||||||
Evergy, Inc. | 1,270 | 75,603 | ||||||
Exelon Corp. | 5,108 | 223,424 | ||||||
Extended Stay America, Inc. | 1,255 | 24,786 | ||||||
Extra Space Storage, Inc. | 600 | 79,530 | ||||||
Federal Realty Investment Trust | 621 | 63,000 | ||||||
Federated Hermes, Inc., Class B | 673 | 21,065 | ||||||
Fidelity National Financial, Inc. | 1,629 | 66,235 | ||||||
Fifth Third Bancorp | 4,667 | 174,779 | ||||||
First American Financial Corp. | 804 | 45,547 | ||||||
First Horizon Corp. | 3,044 | 51,474 | ||||||
FirstEnergy Corp. | 3,835 | 133,036 | ||||||
Flowers Foods, Inc. | 1,507 | 35,867 | ||||||
FNB Corp. | 3,240 | 41,148 | ||||||
Foot Locker, Inc. | 487 | 27,394 | ||||||
Franklin Resources, Inc. | 3,302 | 97,739 | ||||||
Gaming and Leisure Properties, Inc. | 3,239 | 137,431 | ||||||
General Mills, Inc. | 4,289 | 263,001 | ||||||
Genuine Parts Co. | 643 | 74,324 | ||||||
Gilead Sciences, Inc. | 7,620 | 492,481 | ||||||
Glacier Bancorp, Inc. | 501 | 28,597 | ||||||
H&R Block, Inc. | 2,522 | 54,980 | ||||||
Halliburton Co. | 5,085 | 109,124 | ||||||
Hanesbrands, Inc. | 2,717 | 53,443 | ||||||
Harley-Davidson, Inc. | 670 | 26,867 | ||||||
Hawaiian Electric Industries, Inc. | 681 | 30,257 | ||||||
Healthcare Realty Trust, Inc. | 1,238 | 37,536 | ||||||
Healthcare Trust of America, Inc., Class A | 1,589 | 43,825 | ||||||
Healthpeak Properties, Inc. | 3,894 | 123,596 | ||||||
Highwoods Properties, Inc. | 974 | 41,824 | ||||||
HollyFrontier Corp. | 1,590 | 56,890 | ||||||
HP, Inc. | 7,563 | 240,125 | ||||||
Hudson Pacific Properties, Inc. | 1,181 | 32,041 | ||||||
Ingredion, Inc. | 356 | 32,012 | ||||||
International Business Machines Corp. | 6,571 | 875,651 | ||||||
International Paper Co. | 2,564 | 138,635 | ||||||
Interpublic Group of Cos., Inc. (The) | 3,167 | 92,476 | ||||||
Iron Mountain, Inc.(a) | 3,759 | 139,121 | ||||||
JPMorgan Chase & Co. | 15,895 | 2,419,696 | ||||||
Kellogg Co. | 1,654 | 104,698 | ||||||
Kilroy Realty Corp. | 679 | 44,563 | ||||||
Kimco Realty Corp. | 5,230 | 98,062 | ||||||
Kraft Heinz Co. (The) | 8,946 | 357,840 | ||||||
Lamar Advertising Co., Class A | 554 | 52,032 | ||||||
Leggett & Platt, Inc. | 699 | 31,909 | ||||||
Lexington Realty Trust | 2,569 | 28,542 | ||||||
Life Storage, Inc. | 603 | 51,828 | ||||||
Lumen Technologies, Inc. | 15,868 | 211,838 | ||||||
M&T Bank Corp. | 851 | 129,020 | ||||||
MDU Resources Group, Inc. | 1,657 | 52,378 | ||||||
Medical Properties Trust, Inc. | 4,397 | 93,568 | ||||||
Mercury General Corp. | 771 | 46,884 | ||||||
MetLife, Inc. | 6,197 | 376,716 | ||||||
Mid-America Apartment Communities, Inc. | 650 | 93,834 | ||||||
MSC Industrial Direct Co., Inc., Class A | 349 | 31,476 | ||||||
National Fuel Gas Co. | 616 | 30,794 | ||||||
National Health Investors, Inc. | 485 | 35,056 | ||||||
National Retail Properties, Inc. | 1,498 | 66,017 | ||||||
National Storage Affiliates Trust | 610 | 24,357 | ||||||
NetApp, Inc. | 1,338 | 97,232 | ||||||
New York Community Bancorp, Inc. | 5,473 | 69,069 | ||||||
Newell Brands, Inc. | 3,075 | 82,348 | ||||||
NiSource, Inc. | 2,092 | 50,438 | ||||||
Northern Trust Corp. | 1,014 | 106,582 | ||||||
Nucor Corp. | 1,673 | 134,292 | ||||||
OGE Energy Corp. | 1,559 | 50,449 | ||||||
Old Republic International Corp. | 2,459 | 53,705 | ||||||
Omnicom Group, Inc. | 1,511 | 112,041 | ||||||
OneMain Holdings, Inc. | 1,760 | 94,547 | ||||||
Ovintiv, Inc. | 1,528 | 36,397 | ||||||
PACCAR, Inc. | 1,987 | 184,632 | ||||||
Patterson Cos., Inc. | 549 | 17,541 | ||||||
People’s United Financial, Inc. | 4,235 | 75,806 | ||||||
Pfizer, Inc. | 32,313 | 1,170,700 | ||||||
Philip Morris International, Inc. | 19,996 | 1,774,445 | ||||||
Physicians Realty Trust | 3,022 | 53,399 | ||||||
Pinnacle West Capital Corp. | 658 | 53,528 | ||||||
PNC Financial Services Group, Inc. (The) | 2,659 | 466,415 | ||||||
Popular, Inc. | 524 | 36,848 | ||||||
See Notes to Financial Statements.
| 66 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2021
| Investments | Shares | Value | ||||||
Portland General Electric Co. | 623 | $ | 29,574 | |||||
PPL Corp. | 6,315 | 182,125 | ||||||
Prosperity Bancshares, Inc. | 472 | 35,348 | ||||||
Public Service Enterprise Group, Inc. | 2,620 | 157,750 | ||||||
Public Storage | 848 | 209,252 | ||||||
Rayonier, Inc. | 778 | 25,090 | ||||||
Realty Income Corp. | 2,179 | 138,366 | ||||||
Regency Centers Corp. | 1,536 | 87,107 | ||||||
Ryder System, Inc. | 350 | 26,477 | ||||||
Sabra Health Care REIT, Inc. | 2,970 | 51,559 | ||||||
SL Green Realty Corp.(a) | 729 | 51,023 | ||||||
Sonoco Products Co. | 769 | 48,678 | ||||||
Southern Co. (The) | 6,661 | 414,048 | ||||||
Spectrum Brands Holdings, Inc. | 198 | 16,830 | ||||||
Spirit Realty Capital, Inc. | 1,130 | 48,025 | ||||||
STAG Industrial, Inc. | 993 | 33,375 | ||||||
State Street Corp. | 1,613 | 135,508 | ||||||
Steel Dynamics, Inc. | 946 | 48,019 | ||||||
STORE Capital Corp. | 1,805 | 60,467 | ||||||
Synchrony Financial | 2,757 | 112,100 | ||||||
TFS Financial Corp. | 2,979 | 60,682 | ||||||
Travel + Leisure Co. | 724 | 44,280 | ||||||
Trinity Industries, Inc. | 754 | 21,481 | ||||||
Truist Financial Corp. | 7,453 | 434,659 | ||||||
U.S. Bancorp | 9,765 | 540,102 | ||||||
UDR, Inc. | 1,832 | 80,352 | ||||||
UGI Corp. | 1,258 | 51,591 | ||||||
United Bankshares, Inc. | 998 | 38,503 | ||||||
Uniti Group, Inc. | 1,892 | 20,869 | ||||||
Unum Group | 1,824 | 50,762 | ||||||
Valley National Bancorp | 3,634 | 49,931 | ||||||
Verizon Communications, Inc. | 37,630 | 2,188,184 | ||||||
VICI Properties, Inc.(a) | 3,553 | 100,337 | ||||||
Virtu Financial, Inc., Class A | 1,072 | 33,286 | ||||||
W.P. Carey, Inc. | 1,554 | 109,961 | ||||||
Webster Financial Corp. | 766 | 42,214 | ||||||
Weingarten Realty Investors | 1,176 | 31,646 | ||||||
Welltower, Inc. | 3,172 | 227,210 | ||||||
Western Union Co. (The) | 2,450 | 60,417 | ||||||
WestRock Co. | 1,285 | 66,884 | ||||||
Williams Cos., Inc. (The) | 14,284 | 338,388 | ||||||
|
| |||||||
| Total United States |
| 37,887,411 | ||||||
| TOTAL COMMON STOCKS (Cost: $56,046,081) |
| 65,262,139 | ||||||
| EXCHANGE-TRADED FUNDS – 0.1% |
| |||||||
| United States – 0.1% |
| |||||||
WisdomTree International High Dividend Fund(d) | 1,382 | 54,322 | ||||||
| WisdomTree U.S. High Dividend Fund(d) | 238 | 18,159 | ||||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost: $67,242) |
| 72,481 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.0% |
| |||||||
| United States – 3.0% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(e) | ||||||||
| (Cost: $1,936,790) | 1,936,790 | 1,936,790 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 102.5% (Cost: $58,050,113) | 67,271,410 | |||||||
Other Assets less Liabilities – (2.5)% | (1,630,669 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 65,640,741 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,521,717 and the total market value of the collateral held by the Fund was $3,717,603. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,780,813. |
| (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) | 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) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (e) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/ (Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree International High Dividend Fund | $ | 196,897 | $ | 848,312 | $ | 1,010,482 | $ | 39,873 | $ | (20,278 | ) | $ | 54,322 | $ | 5,951 | |||||||||||||
WisdomTree U.S. High Dividend Fund | 68,203 | 281,864 | 340,263 | 16,076 | (7,721 | ) | 18,159 | 1,780 | ||||||||||||||||||||
Total | $ | 265,100 | $ | 1,130,176 | $ | 1,350,745 | $ | 55,949 | $ | (27,999 | ) | $ | 72,481 | $ | 7,731 | |||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 67 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2021
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 65,262,139 | $ | — | $ | — | $ | 65,262,139 | ||||||||
Exchange-Traded Funds | 72,481 | — | — | 72,481 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,936,790 | — | 1,936,790 | ||||||||||||
Total Investments in Securities | $ | 65,334,620 | $ | 1,936,790 | $ | — | $ | 67,271,410 | ||||||||
See Notes to Financial Statements.
| 68 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Growth Leaders Fund (PLAT)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.9% |
| |||||||
| Argentina – 1.2% |
| |||||||
MercadoLibre, Inc.* | 116 | $ | 170,768 | |||||
| Canada – 0.8% |
| |||||||
Ritchie Bros Auctioneers, Inc. | 2,022 | 118,388 | ||||||
| China – 4.1% |
| |||||||
Alibaba Group Holding Ltd.* | 6,860 | 194,123 | ||||||
Meituan, Class B*(a) | 3,600 | 138,083 | ||||||
Ping An Healthcare and Technology Co., Ltd.*(a)(b) | 3,700 | 46,402 | ||||||
Tencent Holdings Ltd. | 2,800 | 219,694 | ||||||
|
| |||||||
| Total China |
| 598,302 | ||||||
| Germany – 1.3% |
| |||||||
Delivery Hero SE*(a) | 944 | 122,598 | ||||||
TeamViewer AG*(a) | 1,665 | 71,289 | ||||||
|
| |||||||
| Total Germany |
| 193,887 | ||||||
| Russia – 0.8% |
| |||||||
Yandex N.V., Class A*(b) | 1,699 | 108,838 | ||||||
| United Kingdom – 2.0% |
| |||||||
Farfetch Ltd., Class A* | 4,107 | 217,753 | ||||||
TP ICAP Group PLC | 19,879 | 66,771 | ||||||
|
| |||||||
| Total United Kingdom |
| 284,524 | ||||||
| United States – 89.7% |
| |||||||
Alphabet, Inc., Class A* | 653 | 1,346,826 | ||||||
Amazon.com, Inc.* | 328 | 1,014,858 | ||||||
American Express Co. | 1,973 | 279,061 | ||||||
Anaplan, Inc.* | 3,071 | 165,373 | ||||||
Angi, Inc., Class A* | 9,261 | 120,393 | ||||||
Appian Corp.*(b) | 2,724 | 362,156 | ||||||
Atlassian Corp. PLC, Class A* | 608 | 128,142 | ||||||
Booking Holdings, Inc.* | 115 | 267,932 | ||||||
Cargurus, Inc.* | 3,174 | 75,636 | ||||||
CBOE Global Markets, Inc. | 1,558 | 153,759 | ||||||
Chegg, Inc.* | 1,864 | 159,670 | ||||||
CME Group, Inc. | 1,095 | 223,632 | ||||||
Copart, Inc.* | 1,669 | 181,270 | ||||||
CoStar Group, Inc.* | 222 | 182,460 | ||||||
Coupa Software, Inc.* | 504 | 128,258 | ||||||
Dropbox, Inc., Class A* | 6,300 | 167,958 | ||||||
Etsy, Inc.* | 1,372 | 276,691 | ||||||
Expedia Group, Inc. | 1,680 | 289,162 | ||||||
Facebook, Inc., Class A* | 3,324 | 979,018 | ||||||
IAA, Inc.* | 3,341 | 184,223 | ||||||
LendingTree, Inc.*(b) | 214 | 45,582 | ||||||
Lyft, Inc. , Class A* | 4,444 | 280,772 | ||||||
MarketAxess Holdings, Inc. | 290 | 144,397 | ||||||
MasterCard, Inc., Class A | 1,228 | 437,229 | ||||||
Match Group, Inc.* | 1,667 | 229,012 | ||||||
Microsoft Corp. | 4,898 | 1,154,801 | ||||||
PayPal Holdings, Inc.* | 1,855 | 450,468 | ||||||
Pinterest, Inc., Class A* | 5,430 | 401,983 | ||||||
Redfin Corp.*(b) | 3,285 | 218,748 | ||||||
salesforce.com, Inc.* | 1,518 | 321,619 | ||||||
Slack Technologies, Inc., Class A* | 4,393 | 178,488 | ||||||
Snap, Inc., Class A* | 6,814 | 356,304 | ||||||
Teladoc Health, Inc.*(b) | 682 | 123,954 | ||||||
Tradeweb Markets, Inc., Class A | 2,548 | 188,552 | ||||||
Twitter, Inc.* | 4,172 | 265,464 | ||||||
Uber Technologies, Inc.* | 4,418 | 240,825 | ||||||
Visa, Inc., Class A | 2,627 | 556,215 | ||||||
Yelp, Inc.* | 5,526 | 215,514 | ||||||
Zillow Group, Inc., Class A* | 2,103 | 276,292 | ||||||
Zynga, Inc., Class A* | 14,658 | 149,658 | ||||||
|
| |||||||
| Total United States |
| 12,922,355 | ||||||
| TOTAL COMMON STOCKS (Cost: $13,449,733) |
| 14,397,062 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9% |
| |||||||
| United States – 1.9% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $265,750) | 265,750 | 265,750 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 101.8% (Cost: $13,715,483) |
| 14,662,812 | ||||||
Other Assets less Liabilities – (1.8)% |
| (252,390 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 14,410,422 | |||||
| * | Non-income producing security. |
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $758,705 and the total market value of the collateral held by the Fund was $764,145. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $498,395. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FAIR VALUATION SUMMARY | ||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 14,397,062 | $ | — | $ | — | $ | 14,397,062 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 265,750 | — | 265,750 | ||||||||||||
Total Investments in Securities | $ | 14,397,062 | $ | 265,750 | $ | — | $ | 14,662,812 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 69 |
Table of Contents
Schedule of Investments
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 101.5% |
| |||||||
| India – 101.5% |
| |||||||
| Aerospace & Defense – 0.3% |
| |||||||
Bharat Dynamics Ltd. | 44,880 | $ | 204,132 | |||||
Bharat Electronics Ltd. | 1,369,992 | 2,344,101 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 2,548,233 | ||||||
| Air Freight & Logistics – 0.0% |
| |||||||
Mahindra Logistics Ltd.(a) | 10,320 | 81,832 | ||||||
TCI Express Ltd. | 6,112 | 79,148 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 160,980 | ||||||
| Auto Components – 1.3% |
| |||||||
Apollo Tyres Ltd. | 281,498 | 861,276 | ||||||
Balkrishna Industries Ltd. | 75,734 | 1,749,012 | ||||||
Bharat Forge Ltd. | 124,777 | 1,017,057 | ||||||
Bosch Ltd. | 2,309 | 444,925 | ||||||
Ceat Ltd. | 1,793 | 38,172 | ||||||
Endurance Technologies Ltd.*(a) | 21,917 | 436,504 | ||||||
Exide Industries Ltd. | 522,642 | 1,312,435 | ||||||
Jamna Auto Industries Ltd. | 157,533 | 146,192 | ||||||
JK Tyre & Industries Ltd. | 421,446 | 628,303 | ||||||
Minda Industries Ltd. | 10,712 | 79,424 | ||||||
Motherson Sumi Systems Ltd. | 878,603 | 2,420,811 | ||||||
Sundram Fasteners Ltd. | 22,119 | 242,159 | ||||||
Tube Investments of India Ltd. | 43,308 | 706,866 | ||||||
|
| |||||||
| Total Auto Components |
| 10,083,136 | ||||||
| Automobiles – 3.1% |
| |||||||
Bajaj Auto Ltd.* | 149,245 | 7,492,691 | ||||||
Eicher Motors Ltd.* | 93,053 | 3,314,087 | ||||||
Hero MotoCorp., Ltd. | 148,211 | 5,906,243 | ||||||
Mahindra & Mahindra Ltd. | 65,586 | 713,372 | ||||||
Maruti Suzuki India Ltd. | 69,722 | 6,541,001 | ||||||
TVS Motor Co., Ltd. | 100,977 | 808,009 | ||||||
|
| |||||||
| Total Automobiles |
| 24,775,403 | ||||||
| Banks – 10.3% |
| |||||||
AU Small Finance Bank Ltd.*(a) | 33,887 | 569,088 | ||||||
Axis Bank Ltd.* | 437,500 | 4,173,420 | ||||||
Bandhan Bank Ltd.*(a) | 711,822 | 3,299,468 | ||||||
Bank of Baroda* | 159,482 | 161,633 | ||||||
City Union Bank Ltd. | 350,303 | 747,188 | ||||||
DCB Bank Ltd.* | 695,692 | 976,260 | ||||||
Federal Bank Ltd.* | 3,822,108 | 3,962,535 | ||||||
ICICI Bank Ltd.* | 3,036,791 | 24,177,614 | ||||||
Indian Bank* | 10,252 | 16,280 | ||||||
IndusInd Bank Ltd.* | 868,890 | 11,342,765 | ||||||
Karnataka Bank Ltd. (The)* | 1 | 1 | ||||||
Karur Vysya Bank Ltd. (The)* | 762,822 | 580,095 | ||||||
Kotak Mahindra Bank Ltd.* | 562,302 | 13,481,943 | ||||||
Punjab National Bank* | 572,754 | 287,106 | ||||||
RBL Bank Ltd.(a) | 332,485 | 943,834 | ||||||
State Bank of India* | 3,148,928 | 15,689,996 | ||||||
Ujjivan Small Finance Bank Ltd.*(a) | 250,035 | 104,304 | ||||||
Yes Bank Ltd.*(b) | 3,906,791 | 833,577 | ||||||
|
| |||||||
| Total Banks |
| 81,347,107 | ||||||
| Beverages – 0.2% |
| |||||||
Radico Khaitan Ltd. | 57,137 | 437,668 | ||||||
United Spirits Ltd.* | 80,078 | 609,344 | ||||||
Varun Beverages Ltd. | 24,548 | 336,741 | ||||||
|
| |||||||
| Total Beverages |
| 1,383,753 | ||||||
| Biotechnology – 0.1% |
| |||||||
Biocon Ltd.* | 172,412 | 964,241 | ||||||
| Building Products – 0.1% |
| |||||||
Astral Poly Technik Ltd. | 17,105 | 378,270 | ||||||
Blue Star Ltd. | 28,591 | 365,317 | ||||||
Kajaria Ceramics Ltd. | 10,972 | 139,098 | ||||||
Prince Pipes & Fittings Ltd. | 21,927 | 125,194 | ||||||
|
| |||||||
| Total Building Products |
| 1,007,879 | ||||||
| Capital Markets – 0.3% |
| |||||||
CRISIL Ltd. | 8,932 | 224,663 | ||||||
HDFC Asset Management Co., Ltd.(a) | 1,235 | 49,306 | ||||||
ICICI Securities Ltd.(a) | 76,991 | 403,100 | ||||||
Indian Energy Exchange Ltd.(a) | 40,474 | 184,230 | ||||||
JM Financial Ltd. | 469,754 | 543,232 | ||||||
Motilal Oswal Financial Services Ltd. | 3,815 | 32,601 | ||||||
Multi Commodity Exchange of India Ltd. | 18,026 | 373,014 | ||||||
Nippon Life India Asset Management Ltd.(a) | 67,769 | 313,570 | ||||||
|
| |||||||
| Total Capital Markets |
| 2,123,716 | ||||||
| Chemicals – 4.2% |
| |||||||
Aarti Industries Ltd. | 47,136 | 849,352 | ||||||
Advanced Enzyme Technologies Ltd. | 50,068 | 236,220 | ||||||
Akzo Nobel India Ltd. | 3,655 | 114,781 | ||||||
Alkyl Amines Chemicals | 1,331 | 103,706 | ||||||
Asian Paints Ltd. | 109,989 | 3,817,149 | ||||||
Atul Ltd. | 9,403 | 910,936 | ||||||
Balaji Amines Ltd. | 5,453 | 131,213 | ||||||
Bayer CropScience Ltd. | 3,510 | 256,451 | ||||||
Berger Paints India Ltd. | 86,476 | 904,811 | ||||||
Castrol India Ltd. | 648,445 | 1,111,284 | ||||||
Chambal Fertilizers and Chemicals Ltd. | 722,153 | 2,262,353 | ||||||
Coromandel International Ltd. | 97,952 | 1,037,681 | ||||||
DCM Shriram Ltd. | 141,974 | 973,145 | ||||||
Deepak Fertilisers & Petrochemicals Corp., Ltd. | 71,013 | 220,089 | ||||||
Deepak Nitrite Ltd. | 77,279 | 1,750,870 | ||||||
EID Parry India Ltd.* | 172,204 | 749,806 | ||||||
Fine Organic Industries Ltd. | 1,635 | 51,072 | ||||||
Finolex Industries Ltd. | 63,540 | 552,720 | ||||||
Galaxy Surfactants Ltd. | 5,111 | 178,030 | ||||||
Gujarat Alkalies & Chemicals Ltd. | 121,999 | 575,340 | ||||||
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 301,092 | 1,236,263 | ||||||
Gujarat State Fertilizers & Chemicals Ltd. | 23,111 | 25,699 | ||||||
Himadri Speciality Chemical Ltd. | 20,163 | 11,486 | ||||||
Jubilant Ingrevia Ltd.* | 110,847 | 393,728 | ||||||
See Notes to Financial Statements.
| 70 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2021
| Investments | Shares | Value | ||||||
Kansai Nerolac Paints Ltd. | 66,845 | $ | 549,516 | |||||
Kiri Industries Ltd. | 79,303 | 451,541 | ||||||
Linde India Ltd.* | 50,548 | 1,244,104 | ||||||
Meghmani Organics Ltd. | 327,174 | 521,769 | ||||||
Navin Fluorine International Ltd. | 24,406 | 919,643 | ||||||
NOCIL Ltd. | 5,460 | 13,050 | ||||||
Phillips Carbon Black Ltd. | 31,165 | 81,329 | ||||||
PI Industries Ltd. | 33,379 | 1,030,925 | ||||||
Pidilite Industries Ltd.* | 43,765 | 1,083,085 | ||||||
Polyplex Corp. Ltd. | 45,957 | 542,455 | ||||||
Rain Industries Ltd. | 188,558 | 368,405 | ||||||
Rallis India Ltd. | 47,551 | 164,414 | ||||||
Rashtriya Chemicals & Fertilizers Ltd. | 272,343 | 288,495 | ||||||
SRF Ltd. | 20,379 | 1,508,153 | ||||||
Sudarshan Chemical Industries | 29,827 | 211,381 | ||||||
Sumitomo Chemical India Ltd. | 22,566 | 89,722 | ||||||
Supreme Industries Ltd. | 29,536 | 825,196 | ||||||
UPL Ltd. | 493,797 | 4,334,938 | ||||||
Vinati Organics Ltd. | 13,836 | 264,926 | ||||||
|
| |||||||
| Total Chemicals |
| 32,947,232 | ||||||
| Commercial Services & Supplies – 0.0% |
| |||||||
Indian Railway Catering & Tourism Corp. Ltd. | 8,771 | 210,776 | ||||||
SIS Ltd. | 30,395 | 162,194 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 372,970 | ||||||
| Communications Equipment – 0.1% |
| |||||||
ITI Ltd.* | 34,112 | 53,631 | ||||||
Sterlite Technologies Ltd. | 167,804 | 445,710 | ||||||
|
| |||||||
| Total Communications Equipment |
| 499,341 | ||||||
| Construction & Engineering – 3.3% |
| |||||||
Ashoka Buildcon Ltd.* | 306,787 | 427,575 | ||||||
Dilip Buildcon Ltd.(a) | 5,544 | 43,980 | ||||||
Engineers India Ltd. | 749,548 | 789,389 | ||||||
IRB Infrastructure Developers Ltd. | 552,128 | 820,107 | ||||||
IRCON International Ltd.(a) | 210,489 | 254,209 | ||||||
Kalpataru Power Transmission Ltd. | 38,923 | 200,701 | ||||||
KEC International Ltd.* | 159,400 | 895,720 | ||||||
KNR Constructions Ltd. | 208,968 | 609,923 | ||||||
Larsen & Toubro Ltd. | 978,628 | 18,991,985 | ||||||
NBCC India Ltd. | 283,300 | 181,340 | ||||||
NCC Ltd. | 1,237,968 | 1,337,634 | ||||||
Rail Vikas Nigam Ltd.* | 761,747 | 303,183 | ||||||
Sterling & Wilson Solar Ltd.* | 8,225 | 29,075 | ||||||
Voltas Ltd. | 93,493 | 1,281,227 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 26,166,048 | ||||||
| Construction Materials – 4.5% |
| |||||||
ACC Ltd. | 93,233 | 2,426,981 | ||||||
Ambuja Cements Ltd. | 765,803 | 3,234,935 | ||||||
Birla Corp., Ltd. | 64,474 | 837,608 | ||||||
Dalmia Bharat Ltd.* | 1,386 | 30,122 | ||||||
Grasim Industries Ltd. | 708,275 | 14,051,917 | ||||||
HeidelbergCement India Ltd. | 89,498 | 285,948 | ||||||
India Cements Ltd. (The) | 75,380 | 172,537 | ||||||
JK Cement Ltd.* | 22,963 | 909,946 | ||||||
JK Lakshmi Cement Ltd. | 118,286 | 700,442 | ||||||
Ramco Cements Ltd. (The) | 82,866 | 1,136,275 | ||||||
Shree Cement Ltd.* | 3,254 | 1,311,387 | ||||||
UltraTech Cement Ltd. | 108,479 | 9,997,108 | ||||||
|
| |||||||
| Total Construction Materials |
| 35,095,206 | ||||||
| Consumer Finance – 3.6% |
| |||||||
Bajaj Finance Ltd. | 95,119 | 6,699,815 | ||||||
Capri Global Capital Ltd. | 17,584 | 91,283 | ||||||
Cholamandalam Financial Holdings Ltd. | 111,285 | 912,031 | ||||||
Cholamandalam Investment and Finance Co., Ltd. | 350,484 | 2,678,709 | ||||||
CreditAccess Grameen Ltd.* | 17,155 | 157,381 | ||||||
Equitas Holdings Ltd. | 638,289 | 761,700 | ||||||
Mahindra & Mahindra Financial Services Ltd.* | 464,108 | 1,262,885 | ||||||
Manappuram Finance Ltd. | 836,445 | 1,706,896 | ||||||
Muthoot Finance Ltd.* | 134,596 | 2,219,956 | ||||||
SBI Cards & Payment Services Ltd. | 17,584 | 223,246 | ||||||
Shriram Transport Finance Co., Ltd. | 465,683 | 9,059,047 | ||||||
Sundaram Finance Ltd. | 61,390 | 2,158,280 | ||||||
Ujjivan Financial Services Ltd. | 187,020 | 537,933 | ||||||
|
| |||||||
| Total Consumer Finance |
| 28,469,162 | ||||||
| Containers & Packaging – 0.0% |
| |||||||
EPL Ltd. | 41,589 | 134,044 | ||||||
| Diversified Financial Services – 2.6% |
| |||||||
Aditya Birla Capital Ltd.* | 34,672 | 56,574 | ||||||
Bajaj Holdings & Investment Ltd. | 90,111 | 4,058,608 | ||||||
Housing & Urban Development Corp. Ltd. | 132,948 | 79,736 | ||||||
L&T Finance Holdings Ltd. | 1,440,353 | 1,888,261 | ||||||
Power Finance Corp., Ltd. | 5,099,840 | 7,934,305 | ||||||
REC Ltd. | 3,533,762 | 6,338,793 | ||||||
|
| |||||||
| Total Diversified Financial Services |
| 20,356,277 | ||||||
| Diversified Telecommunication Services – 0.6% |
| |||||||
HFCL Ltd.* | 699,759 | 240,706 | ||||||
Indus Towers Ltd. | 1,451,209 | 4,862,919 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 5,103,625 | ||||||
| Electric Utilities – 3.1% |
| |||||||
Adani Transmission Ltd.* | 176,403 | 2,191,715 | ||||||
CESC Ltd. | 208,398 | 1,691,811 | ||||||
Power Grid Corp. of India Ltd. | 5,452,195 | 16,081,323 | ||||||
SJVN Ltd. | 548,905 | 195,571 | ||||||
Tata Power Co., Ltd. (The) | 1,909,773 | 2,696,949 | ||||||
Torrent Power Ltd. | 231,253 | 1,340,446 | ||||||
|
| |||||||
| Total Electric Utilities |
| 24,197,815 | ||||||
| Electrical Equipment – 0.7% |
| |||||||
ABB India Ltd. | 2,922 | 56,353 | ||||||
Amara Raja Batteries Ltd. | 79,282 | 925,831 | ||||||
Finolex Cables Ltd. | 150,612 | 784,745 | ||||||
Graphite India Ltd. | 49,086 | 343,739 | ||||||
Havells India Ltd. | 119,214 | 1,712,706 | ||||||
HEG Ltd.* | 15,163 | 303,628 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 71 |
Table of Contents
Schedule of Investments (continued)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2021
| Investments | Shares | Value | ||||||
KEI Industries Ltd. | 83,731 | $ | 598,604 | |||||
Polycab India Ltd. | 17,965 | 338,974 | ||||||
V-Guard Industries Ltd. | 107,458 | 370,888 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 5,435,468 | ||||||
| Electronic Equipment, Instruments & Components – 0.2% |
| |||||||
Redington India Ltd. | 686,407 | 1,791,739 | ||||||
| Food & Staples Retailing – 0.1% |
| |||||||
Avenue Supermarts Ltd.*(a) | 17,494 | 684,088 | ||||||
| Food Products – 1.0% |
| |||||||
Avanti Feeds Ltd. | 48,474 | 274,778 | ||||||
Balrampur Chini Mills Ltd. | 463,716 | 1,360,443 | ||||||
Bombay Burmah Trading Co. | 37,330 | 566,942 | ||||||
Britannia Industries Ltd. | 29,091 | 1,442,360 | ||||||
CCL Products India Ltd. | 71,401 | 228,469 | ||||||
Godrej Agrovet Ltd.(a) | 15,564 | 111,503 | ||||||
Kaveri Seed Co., Ltd. | 43,606 | 305,990 | ||||||
KRBL Ltd. | 127,382 | 312,733 | ||||||
LT Foods Ltd. | 255,817 | 204,685 | ||||||
Nestle India Ltd. | 8,682 | 2,038,307 | ||||||
Tata Coffee Ltd. | 40,433 | 66,334 | ||||||
Tata Consumer Products Ltd. | 147,386 | 1,287,923 | ||||||
|
| |||||||
| Total Food Products |
| 8,200,467 | ||||||
| Gas Utilities – 3.2% |
| |||||||
Adani Total Gas Ltd. | 190,198 | 2,500,594 | ||||||
GAIL India Ltd. | 8,037,100 | 14,894,969 | ||||||
Gujarat Gas Ltd. | 172,365 | 1,295,324 | ||||||
Gujarat State Petronet Ltd. | 864,923 | 3,233,683 | ||||||
Indraprastha Gas Ltd. | 286,786 | 2,009,674 | ||||||
Mahanagar Gas Ltd. | 80,209 | 1,282,390 | ||||||
|
| |||||||
| Total Gas Utilities |
| 25,216,634 | ||||||
| Health Care Equipment & Supplies – 0.0% |
| |||||||
Poly Medicure Ltd.* | 10,764 | 121,069 | ||||||
| Health Care Providers & Services – 0.2% |
| |||||||
Apollo Hospitals Enterprise Ltd. | 31,025 | 1,231,707 | ||||||
Aster DM Healthcare Ltd.*(a) | 73,119 | 137,460 | ||||||
Dr. Lal PathLabs Ltd.(a) | 6,287 | 232,777 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 1,601,944 | ||||||
| Hotels, Restaurants & Leisure – 0.2% |
| |||||||
Chalet Hotels Ltd.* | 45,749 | 91,543 | ||||||
Coffee Day Enterprises Ltd.*†(a) | 83,101 | 61,888 | ||||||
Delta Corp., Ltd. | 4,708 | 10,441 | ||||||
EIH Ltd.* | 28,618 | 36,382 | ||||||
Indian Hotels Co., Ltd. (The) | 433,918 | 657,877 | ||||||
Jubilant Foodworks Ltd.* | 20,939 | 833,665 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 1,691,796 | ||||||
| Household Durables – 0.3% |
| |||||||
Amber Enterprises India Ltd. | 5,208 | 236,193 | ||||||
Crompton Greaves Consumer Electricals Ltd. | 240,804 | 1,292,720 | ||||||
Orient Electric Ltd. | 54,881 | 233,782 | ||||||
Symphony Ltd. | 16,903 | 292,441 | ||||||
Whirlpool of India Ltd. | 20,604 | 627,472 | ||||||
|
| |||||||
| Total Household Durables |
| 2,682,608 | ||||||
| Household Products – 1.0% |
| |||||||
Hindustan Unilever Ltd. | 238,079 | 7,917,650 | ||||||
Jyothy Labs Ltd. | 39,834 | 74,532 | ||||||
|
| |||||||
| Total Household Products |
| 7,992,182 | ||||||
| Independent Power & Renewable Electricity Producers – 2.6% |
| |||||||
JSW Energy Ltd. | 950,625 | 1,142,226 | ||||||
NHPC Ltd. | 6,109,776 | 2,043,173 | ||||||
NLC India Ltd. | 304,905 | 210,182 | ||||||
NTPC Ltd. | 10,658,644 | 15,533,036 | ||||||
PTC India Ltd. | 1,147,043 | 1,219,779 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 20,148,396 | ||||||
| Industrial Conglomerates – 0.3% |
| |||||||
Balmer Lawrie & Co., Ltd. | 203,872 | 359,009 | ||||||
Godrej Industries Ltd.* | 67,688 | 505,250 | ||||||
Siemens Ltd. | 47,892 | 1,207,883 | ||||||
|
| |||||||
| Total Industrial Conglomerates |
| 2,072,142 | ||||||
| Insurance – 1.1% |
| |||||||
Bajaj Finserv Ltd. | 33,128 | 4,380,864 | ||||||
HDFC Life Insurance Co., Ltd.*(a) | 74,297 | 707,467 | ||||||
ICICI Lombard General Insurance Co., Ltd.(a) | 29,836 | 584,855 | ||||||
ICICI Prudential Life Insurance Co., Ltd.*(a) | 116,802 | 711,863 | ||||||
Max Financial Services Ltd.* | 51,876 | 609,801 | ||||||
New India Assurance Co., Ltd. (The)*(a) | 302,946 | 639,547 | ||||||
SBI Life Insurance Co., Ltd.*(a) | 75,433 | 908,792 | ||||||
|
| |||||||
| Total Insurance |
| 8,543,189 | ||||||
| Interactive Media & Services – 0.1% |
| |||||||
Just Dial Ltd.* | 46,904 | 553,600 | ||||||
| IT Services – 17.1% |
| |||||||
Coforge Ltd. | 33,263 | 1,331,612 | ||||||
eClerx Services Ltd. | 20,408 | 307,877 | ||||||
Firstsource Solutions Ltd. | 369,425 | 575,507 | ||||||
HCL Technologies Ltd. | 1,271,338 | 17,086,804 | ||||||
Infibeam Avenues Ltd.* | 309,150 | 200,634 | ||||||
Infosys Ltd. | 3,117,312 | 58,328,819 | ||||||
Larsen & Toubro Infotech Ltd.(a) | 31,918 | 1,769,915 | ||||||
Mindtree Ltd. | 76,013 | 2,166,535 | ||||||
Mphasis Ltd. | 100,745 | 2,447,877 | ||||||
Persistent Systems Ltd. | 47,626 | 1,252,015 | ||||||
Sonata Software Ltd. | 81,763 | 569,438 | ||||||
Suvidhaa Infoserve Pvt Ltd.* | 20,301 | 29,099 | ||||||
Tata Consultancy Services Ltd. | 727,788 | 31,632,916 | ||||||
Tech Mahindra Ltd. | 618,293 | 8,384,286 | ||||||
Vakrangee Ltd. | 325,054 | 249,191 | ||||||
Wipro Ltd. | 1,458,944 | 8,264,132 | ||||||
|
| |||||||
| Total IT Services |
| 134,596,657 | ||||||
| Life Sciences Tools & Services – 0.3% |
| |||||||
Divi’s Laboratories Ltd.* | 47,161 | 2,336,836 | ||||||
Syngene International Ltd.*(a) | 42,502 | 315,915 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 2,652,751 | ||||||
See Notes to Financial Statements.
| 72 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2021
| Investments | Shares | Value | ||||||
| Machinery – 0.9% |
| |||||||
AIA Engineering Ltd. | 38,105 | $ | 1,069,814 | |||||
Ashok Leyland Ltd. | 694,596 | 1,078,274 | ||||||
BEML Ltd. | 17,695 | 303,917 | ||||||
Cochin Shipyard Ltd.(a) | 27,799 | 142,315 | ||||||
Cummins India Ltd. | 147,719 | 1,858,061 | ||||||
Escorts Ltd. | 60,908 | 1,072,812 | ||||||
GMM Pfaudler Ltd. | 772 | 45,469 | ||||||
SKF India Ltd. | 16,760 | 515,634 | ||||||
Thermax Ltd. | 22,043 | 405,066 | ||||||
Timken India Ltd. | 11,892 | 210,876 | ||||||
|
| |||||||
| Total Machinery |
| 6,702,238 | ||||||
| Marine – 0.1% |
| |||||||
Shipping Corp. of India Ltd. | 455,640 | 689,875 | ||||||
| Media – 0.2% |
| |||||||
Affle India Ltd.* | 140 | 10,451 | ||||||
Sun TV Network Ltd. | 140,376 | 902,960 | ||||||
TV18 Broadcast Ltd.* | 431,305 | 169,599 | ||||||
Zee Entertainment Enterprises Ltd. | 192,260 | 534,335 | ||||||
|
| |||||||
| Total Media |
| 1,617,345 | ||||||
| Metals & Mining – 4.7% |
| |||||||
APL Apollo Tubes Ltd.* | 45,210 | 866,218 | ||||||
Hindalco Industries Ltd. | 2,621,725 | 11,720,242 | ||||||
Hindustan Zinc Ltd. | 376,667 | 1,405,925 | ||||||
Jindal Saw Ltd. | 301,113 | 305,381 | ||||||
JSW Steel Ltd. | 1,204,880 | 7,719,834 | ||||||
Mishra Dhatu Nigam Ltd.(a) | 36,571 | 88,459 | ||||||
MOIL Ltd. | 132,518 | 272,870 | ||||||
National Aluminium Co., Ltd. | 51,830 | 38,316 | ||||||
NMDC Ltd. | 2,006,568 | 3,714,609 | ||||||
Steel Authority of India Ltd. | 3,202,373 | 3,451,430 | ||||||
Tata Metaliks Ltd. | 34,560 | 385,713 | ||||||
Tata Steel Ltd. | 522,293 | 5,799,505 | ||||||
Welspun Corp., Ltd. | 531,492 | 1,005,719 | ||||||
|
| |||||||
| Total Metals & Mining |
| 36,774,221 | ||||||
| Multiline Retail – 0.1% |
| |||||||
Future Retail Ltd.* | 404,774 | 236,120 | ||||||
Trent Ltd. | 12,946 | 132,986 | ||||||
V-Mart Retail Ltd.* | 2,922 | 111,323 | ||||||
|
| |||||||
| Total Multiline Retail |
| 480,429 | ||||||
| Oil, Gas & Consumable Fuels – 10.5% |
| |||||||
Aegis Logistics Ltd. | 75,273 | 307,470 | ||||||
Bharat Petroleum Corp., Ltd. | 559,611 | 3,275,520 | ||||||
Coal India Ltd. | 7,438,622 | 13,261,861 | ||||||
Great Eastern Shipping Co., Ltd. (The) | 124,007 | 530,365 | ||||||
Hindustan Petroleum Corp., Ltd. | 1,129,809 | 3,623,671 | ||||||
Oil & Natural Gas Corp., Ltd. | 6,822,057 | 9,531,355 | ||||||
Oil India Ltd. | 2,300,091 | 3,863,174 | ||||||
Petronet LNG Ltd. | 1,077,608 | 3,311,069 | ||||||
Reliance Industries Ltd. | 1,635,511 | 44,808,153 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 82,512,638 | ||||||
| Paper & Forest Products – 0.3% |
| |||||||
Century Plyboards India Ltd.* | 45,899 | 199,789 | ||||||
Century Textiles & Industries Ltd. | 109,791 | 698,341 | ||||||
JK Paper Ltd. | 569,993 | 1,168,227 | ||||||
|
| |||||||
| Total Paper & Forest Products |
| 2,066,357 | ||||||
| Personal Products – 0.8% |
| |||||||
Bajaj Consumer Care, Ltd. | 4,114 | 14,624 | ||||||
Colgate-Palmolive India Ltd. | 43,875 | 935,754 | ||||||
Dabur India Ltd. | 218,363 | 1,614,268 | ||||||
Emami Ltd. | 60,648 | 403,138 | ||||||
Godrej Consumer Products Ltd. | 186,476 | 1,860,966 | ||||||
Marico Ltd. | 231,428 | 1,301,894 | ||||||
|
| |||||||
| Total Personal Products |
| 6,130,644 | ||||||
| Pharmaceuticals – 3.5% |
| |||||||
Ajanta Pharma Ltd. | 15,956 | 391,056 | ||||||
Alembic Pharmaceuticals Ltd.* | 34,696 | 457,915 | ||||||
Alkem Laboratories Ltd. | 16,902 | 640,306 | ||||||
Aurobindo Pharma Ltd. | 351,329 | 4,234,857 | ||||||
Cadila Healthcare Ltd.* | 210,092 | 1,266,924 | ||||||
Caplin Point Laboratories Ltd. | 19,840 | 109,479 | ||||||
Cipla Ltd.* | 263,615 | 2,938,881 | ||||||
Dr. Reddy’s Laboratories Ltd. | 65,962 | 4,074,259 | ||||||
Eris Lifesciences Ltd.(a) | 14,190 | 117,419 | ||||||
FDC Ltd. | 16,816 | 65,756 | ||||||
GlaxoSmithKline Pharmaceuticals Ltd. | 13,089 | 257,927 | ||||||
Glenmark Pharmaceuticals Ltd. | 207,328 | 1,317,746 | ||||||
Granules India Ltd. | 165,563 | 687,150 | ||||||
IOL Chemicals and Pharmaceuticals Ltd. | 29,921 | 225,429 | ||||||
Ipca Laboratories Ltd. | 26,923 | 701,026 | ||||||
JB Chemicals & Pharmaceuticals Ltd. | 15,627 | 268,334 | ||||||
Jubilant Pharmova Ltd. | 110,847 | 1,032,609 | ||||||
Laurus Labs Ltd.(a) | 46,755 | 231,493 | ||||||
Marksans Pharma Ltd. | 183,092 | 125,085 | ||||||
Natco Pharma Ltd. | 71,785 | 810,547 | ||||||
Pfizer Ltd. | 3,765 | 233,010 | ||||||
Sanofi India Ltd. | 1,542 | 166,288 | ||||||
Solara Active Pharma Sciences Ltd. | 10,084 | 192,146 | ||||||
Strides Pharma Science Ltd. | 40,355 | 466,231 | ||||||
Sun Pharmaceutical Industries Ltd. | 610,370 | 4,990,569 | ||||||
Suven Pharmaceuticals Ltd. | 130,010 | 883,404 | ||||||
Torrent Pharmaceuticals Ltd. | 22,156 | 771,238 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 27,657,084 | ||||||
| Professional Services – 0.1% |
| |||||||
L&T Technology Services Ltd.(a) | 23,423 | 850,214 | ||||||
| Real Estate Management & Development – 0.4% |
| |||||||
Godrej Properties Ltd.* | 22,394 | 430,873 | ||||||
Indiabulls Real Estate Ltd.* | 347,354 | 385,296 | ||||||
NESCO Ltd. | 22,779 | 163,941 | ||||||
Oberoi Realty Ltd.* | 115,600 | 909,368 | ||||||
Phoenix Mills Ltd. (The)* | 29,420 | 314,123 | ||||||
Prestige Estates Projects Ltd. | 110,386 | 461,390 | ||||||
Sobha Ltd. | 50,982 | 304,684 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2021
| Investments | Shares | Value | ||||||
Sunteck Realty Ltd. | 35,632 | $ | 136,653 | |||||
|
| |||||||
| Total Real Estate Management & Development |
| 3,106,328 | ||||||
| Road & Rail – 0.0% |
| |||||||
Container Corp. of India Ltd. | 32,993 | 269,851 | ||||||
| Software – 0.4% |
| |||||||
Birlasoft Ltd. | 264,929 | 916,931 | ||||||
Cyient Ltd. | 129,755 | 1,149,030 | ||||||
DRC Systems India Ltd.* | 375 | 1,502 | ||||||
Oracle Financial Services Software Ltd. | 17,572 | 768,829 | ||||||
Tata Elxsi Ltd. | 12,467 | 459,180 | ||||||
|
| |||||||
| Total Software |
| 3,295,472 | ||||||
| Textiles, Apparel & Luxury Goods – 0.9% |
| |||||||
Bata India Ltd. | 17,143 | 329,712 | ||||||
LUX Industries Ltd. | 5,292 | 126,546 | ||||||
Page Industries Ltd. | 666 | 276,165 | ||||||
Rajesh Exports Ltd. | 249,012 | 1,630,705 | ||||||
Raymond Ltd.* | 92,293 | 456,392 | ||||||
Relaxo Footwears Ltd.* | 19,368 | 232,160 | ||||||
Titan Co., Ltd. | 114,854 | 2,447,532 | ||||||
Trident Ltd.* | 3,222,227 | 619,204 | ||||||
Welspun India Ltd. | 553,845 | 612,448 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 6,730,864 | ||||||
| Thrifts & Mortgage Finance – 9.6% |
| |||||||
Aavas Financiers Ltd.* | 7,537 | 249,556 | ||||||
Can Fin Homes Ltd. | 120,202 | 1,009,030 | ||||||
Housing Development Finance Corp., Ltd. | 1,927,490 | 65,857,144 | ||||||
Indiabulls Housing Finance Ltd.* | 1,301,707 | 3,498,458 | ||||||
LIC Housing Finance Ltd. | 803,593 | 4,706,345 | ||||||
PNB Housing Finance Ltd.*(a) | 33,239 | 170,437 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 75,490,970 | ||||||
| Tobacco – 1.5% |
| |||||||
Godfrey Phillips India Ltd. | 23,122 | 289,603 | ||||||
ITC Ltd. | 3,797,980 | 11,350,240 | ||||||
VST Industries Ltd. | 3,948 | 183,005 | ||||||
|
| |||||||
| Total Tobacco |
| 11,822,848 | ||||||
| Trading Companies & Distributors – 0.3% |
| |||||||
Adani Enterprises Ltd. | 190,510 | $ | 2,686,832 | |||||
| Transportation Infrastructure – 1.1% |
| |||||||
Adani Ports & Special Economic Zone Ltd. | 863,624 | 8,296,791 | ||||||
Gujarat Pipavav Port Ltd. | 462,879 | 614,418 | ||||||
|
| |||||||
| Total Transportation Infrastructure |
| 8,911,209 | ||||||
| TOTAL COMMON STOCKS (Cost: $438,589,460) |
| 799,516,317 | ||||||
| EXCHANGE-TRADED FUND – 0.0% |
| |||||||
| United States – 0.0% |
| |||||||
WisdomTree India ex-State-Owned Enterprises Fund(c) | ||||||||
| (Cost: $26,901) | 1,100 | 33,709 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 101.5% (Cost: $438,616,361) |
| 799,550,026 | ||||||
Other Assets less Liabilities – (1.5)% |
| (11,724,744 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 787,825,282 | |||||
| * | 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 $61,888, which represents 0.01% of net assets. |
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | This security, or a portion thereof, is restricted from resale (see Note 2 – Restricted Securities). In accordance with a reconstruction scheme notified by the government of India applicable to Yes Bank Ltd., effective March 16, 2020, 75% of all shares of Yes Bank Ltd. held by then-existing shareholders are subject to a three-year lock-in period and are unable to be sold. At March 31, 2021, the value of the restricted portion of this security is as follows: |
| Investment | Restricted Shares | Acquisition Date | Acquisition Cost | Value | Value as a of Net | |||||||||||||||
India – Banks | ||||||||||||||||||||
Yes Bank | 3,906,791 | | 9/21/15 - 3/13/20 | | $ | 3,947,791 | $ | 833,577 | 0.1 | % | ||||||||||
| (c) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/ (Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree India ex-State-Owned Enterprises Fund | $ | 19,463 | $ | — | $ | — | $ | — | $ | 14,246 | $ | 33,709 | $ | 49 | ||||||||||||||
See Notes to Financial Statements.
| 74 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | ||||||||||||||||
Hotels, Restaurants & Leisure | $ | 1,629,908 | $ | — | $ | 61,888 | * | $ | 1,691,796 | |||||||
Other | 797,824,521 | — | — | 797,824,521 | ||||||||||||
Exchange-Traded Fund | 33,709 | — | — | 33,709 | ||||||||||||
Total Investments in Securities | $ | 799,488,138 | $ | — | $ | 61,888 | $ | 799,550,026 | ||||||||
| * | Securities are being fair valued using significant unobservable inputs by the Pricing Committee. |
See Notes to Financial Statements.
| WisdomTree Trust | 75 |
Table of Contents
Schedule of Investments
WisdomTree India ex-State-Owned Enterprises Fund (IXSE)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 102.8% |
| |||||||
| India – 102.8% |
| |||||||
| Airlines – 0.3% |
| |||||||
InterGlobe Aviation Ltd.*(a) | 595 | $ | 13,281 | |||||
| Auto Components – 1.6% |
| |||||||
Balkrishna Industries Ltd. | 613 | 14,157 | ||||||
Bharat Forge Ltd. | 1,541 | 12,561 | ||||||
Bosch Ltd. | 73 | 14,066 | ||||||
Exide Industries Ltd. | 3,701 | 9,294 | ||||||
Motherson Sumi Systems Ltd. | 8,263 | 22,767 | ||||||
|
| |||||||
| Total Auto Components |
| 72,845 | ||||||
| Automobiles – 6.8% |
| |||||||
Bajaj Auto Ltd.* | 560 | 28,114 | ||||||
Eicher Motors Ltd.* | 901 | 32,089 | ||||||
Hero MotoCorp., Ltd. | 903 | 35,985 | ||||||
Mahindra & Mahindra Ltd. | 6,255 | 68,035 | ||||||
Maruti Suzuki India Ltd. | 861 | 80,775 | ||||||
Tata Motors Ltd.* | 12,972 | 53,546 | ||||||
TVS Motor Co., Ltd. | 1,358 | 10,867 | ||||||
|
| |||||||
| Total Automobiles |
| 309,411 | ||||||
| Banks – 12.7% |
| |||||||
AU Small Finance Bank Ltd.*(a) | 1,011 | 16,979 | ||||||
Axis Bank Ltd.* | 13,958 | 133,149 | ||||||
Bandhan Bank Ltd.*(a) | 4,117 | 19,083 | ||||||
ICICI Bank Ltd.* | 30,407 | 242,087 | ||||||
Kotak Mahindra Bank Ltd.* | 6,976 | 167,259 | ||||||
Yes Bank Ltd.*(b) | 3,819 | 815 | ||||||
|
| |||||||
| Total Banks |
| 579,372 | ||||||
| Beverages – 0.3% |
| |||||||
United Spirits Ltd.* | 1,850 | 14,077 | ||||||
| Biotechnology – 0.4% |
| |||||||
Biocon Ltd.* | 3,009 | 16,828 | ||||||
| Building Products – 0.3% |
| |||||||
Astral Poly Technik Ltd. | 616 | 13,630 | ||||||
| Capital Markets – 0.3% |
| |||||||
HDFC Asset Management Co., Ltd.(a) | 332 | 13,255 | ||||||
| Chemicals – 5.7% |
| |||||||
Aarti Industries Ltd. | 611 | 11,010 | ||||||
Asian Paints Ltd. | 2,954 | 102,518 | ||||||
Atul Ltd. | 111 | 10,753 | ||||||
Bayer CropScience Ltd. | 76 | 5,553 | ||||||
Berger Paints India Ltd. | 1,525 | 15,956 | ||||||
Coromandel International Ltd. | 771 | 8,168 | ||||||
Navin Fluorine International Ltd. | 244 | 9,194 | ||||||
PI Industries Ltd. | 506 | 15,628 | ||||||
Pidilite Industries Ltd.* | 967 | 23,931 | ||||||
SRF Ltd. | 185 | 13,691 | ||||||
Supreme Industries Ltd. | 410 | 11,455 | ||||||
UPL Ltd. | 3,604 | 31,639 | ||||||
|
| |||||||
| Total Chemicals |
| 259,496 | ||||||
| Construction & Engineering – 0.5% |
| |||||||
Voltas Ltd. | 1,566 | 21,460 | ||||||
| Construction Materials – 4.2% |
| |||||||
ACC Ltd. | 461 | 12,000 | ||||||
Ambuja Cements Ltd. | 4,200 | 17,742 | ||||||
Grasim Industries Ltd. | 2,567 | 50,928 | ||||||
Ramco Cements Ltd. (The) | 905 | 12,410 | ||||||
Shree Cement Ltd.* | 65 | 26,195 | ||||||
UltraTech Cement Ltd. | 762 | 70,224 | ||||||
|
| |||||||
| Total Construction Materials |
| 189,499 | ||||||
| Consumer Finance – 4.6% |
| |||||||
Bajaj Finance Ltd. | 1,760 | 123,968 | ||||||
Cholamandalam Investment and Finance Co., Ltd. | 3,269 | 24,984 | ||||||
Manappuram Finance Ltd. | 2,773 | 5,659 | ||||||
Muthoot Finance Ltd.* | 713 | 11,760 | ||||||
Shriram Transport Finance Co., Ltd. | 1,163 | 22,624 | ||||||
Sundaram Finance Ltd. | 526 | 18,492 | ||||||
|
| |||||||
| Total Consumer Finance |
| 207,487 | ||||||
| Diversified Financial Services – 0.4% |
| |||||||
Piramal Enterprises Ltd. | 700 | 16,785 | ||||||
| Diversified Telecommunication Services – 0.4% |
| |||||||
Indus Towers Ltd. | 5,862 | 19,643 | ||||||
| Electrical Equipment – 0.5% |
| |||||||
Havells India Ltd. | 1,583 | 22,742 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 0.2% |
| |||||||
Embassy Office Parks REIT | 2,600 | 11,573 | ||||||
| Food & Staples Retailing – 1.0% |
| |||||||
Avenue Supermarts Ltd.*(a) | 1,132 | 44,266 | ||||||
| Food Products – 2.9% |
| |||||||
Britannia Industries Ltd. | 799 | 39,615 | ||||||
Nestle India Ltd. | 243 | 57,050 | ||||||
Tata Consumer Products Ltd. | 4,153 | 36,291 | ||||||
|
| |||||||
| Total Food Products |
| 132,956 | ||||||
| Health Care Providers & Services – 0.6% |
| |||||||
Apollo Hospitals Enterprise Ltd. | 641 | 25,448 | ||||||
| Hotels, Restaurants & Leisure – 0.5% |
| |||||||
Jubilant Foodworks Ltd.* | 531 | 21,141 | ||||||
| Household Durables – 0.4% |
| |||||||
Crompton Greaves Consumer Electricals Ltd. | 3,251 | 17,453 | ||||||
| Household Products – 4.3% |
| |||||||
Hindustan Unilever Ltd. | 5,889 | 195,847 | ||||||
| Independent Power & Renewable Electricity Producers – 0.7% |
| |||||||
Adani Green Energy Ltd.* | 2,170 | 32,792 | ||||||
| Industrial Conglomerates – 0.4% |
| |||||||
Siemens Ltd. | 663 | 16,722 | ||||||
| Insurance – 3.3% |
| |||||||
Bajaj Finserv Ltd. | 270 | 35,705 | ||||||
HDFC Life Insurance Co., Ltd.*(a) | 5,171 | 49,239 | ||||||
ICICI Lombard General Insurance Co., Ltd.(a) | 1,504 | 29,482 | ||||||
See Notes to Financial Statements.
| 76 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree India ex-State-Owned Enterprises Fund (IXSE)
March 31, 2021
| Investments | Shares | Value | ||||||
ICICI Prudential Life Insurance Co., Ltd.*(a) | 2,832 | $ | 17,260 | |||||
Max Financial Services Ltd.* | 1,500 | 17,632 | ||||||
|
| |||||||
| Total Insurance |
| 149,318 | ||||||
| Interactive Media & Services – 0.6% |
| |||||||
Info Edge India Ltd. | 462 | 27,048 | ||||||
| IT Services – 13.8% |
| |||||||
HCL Technologies Ltd. | 7,000 | 94,080 | ||||||
Infosys Ltd. | 22,336 | 417,934 | ||||||
Mphasis Ltd. | 637 | 15,478 | ||||||
Tech Mahindra Ltd. | 3,871 | 52,492 | ||||||
Wipro Ltd. | 8,518 | 48,250 | ||||||
|
| |||||||
| Total IT Services |
| 628,234 | ||||||
| Life Sciences Tools & Services – 0.9% |
| |||||||
Divi’s Laboratories Ltd.* | 849 | 42,068 | ||||||
| Machinery – 0.5% |
| |||||||
Ashok Leyland Ltd. | 9,145 | 14,196 | ||||||
Escorts Ltd. | 598 | 10,533 | ||||||
|
| |||||||
| Total Machinery |
| 24,729 | ||||||
| Media – 0.4% |
| |||||||
Zee Entertainment Enterprises Ltd. | 6,961 | 19,346 | ||||||
| Metals & Mining – 3.7% |
| |||||||
Jindal Steel & Power Ltd.* | 3,437 | 16,152 | ||||||
JSW Steel Ltd. | 7,153 | 45,830 | ||||||
Tata Steel Ltd. | 4,801 | 53,310 | ||||||
Vedanta Ltd. | 17,075 | 53,423 | ||||||
|
| |||||||
| Total Metals & Mining |
| 168,715 | ||||||
| Multiline Retail – 0.3% |
| |||||||
Trent Ltd. | 1,278 | 13,128 | ||||||
| Oil, Gas & Consumable Fuels – 8.0% |
| |||||||
Reliance Industries Ltd. | 13,263 | 363,367 | ||||||
| Personal Products – 2.2% |
| |||||||
Colgate-Palmolive India Ltd. | 855 | 18,235 | ||||||
Dabur India Ltd. | �� | 3,908 | 28,890 | |||||
Emami Ltd. | 1,401 | 9,313 | ||||||
Godrej Consumer Products Ltd. | 2,562 | 25,568 | ||||||
Marico Ltd. | 3,339 | 18,783 | ||||||
|
| |||||||
| Total Personal Products |
| 100,789 | ||||||
| Pharmaceuticals – 5.9% |
| |||||||
Alkem Laboratories Ltd. | 238 | 9,016 | ||||||
Aurobindo Pharma Ltd. | 1,879 | 22,649 | ||||||
Cadila Healthcare Ltd.* | 1,575 | 9,498 | ||||||
Cipla Ltd.* | 3,444 | 38,395 | ||||||
Dr. Reddy’s Laboratories Ltd. | 841 | 51,946 | ||||||
Ipca Laboratories Ltd. | 436 | 11,353 | ||||||
Laurus Labs Ltd.(a) | 2,175 | 10,769 | ||||||
Lupin Ltd. | 1,658 | 23,141 | ||||||
Natco Pharma Ltd. | 565 | 6,380 | ||||||
Pfizer Ltd. | 85 | 5,260 | ||||||
Sanofi India Ltd. | 62 | 6,686 | ||||||
Sun Pharmaceutical Industries Ltd. | 7,370 | 60,259 | ||||||
Torrent Pharmaceuticals Ltd. | 337 | 11,731 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 267,083 | ||||||
| Real Estate Management & Development – 0.6% |
| |||||||
DLF Ltd. | 3,840 | 15,076 | ||||||
Godrej Properties Ltd.* | 722 | 13,892 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 28,968 | ||||||
| Textiles, Apparel & Luxury Goods – 1.8% |
| |||||||
Bata India Ltd. | 340 | 6,539 | ||||||
Page Industries Ltd. | 38 | 15,757 | ||||||
Titan Co., Ltd. | 2,770 | 59,029 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 81,325 | ||||||
| Thrifts & Mortgage Finance – 8.1% |
| |||||||
Housing Development Finance Corp., Ltd. | 10,852 | 370,784 | ||||||
| Wireless Telecommunication Services – 2.7% |
| |||||||
Bharti Airtel Ltd. | 16,559 | 117,160 | ||||||
Vodafone Idea Ltd.* | 65,534 | 8,291 | ||||||
|
| |||||||
| Total Wireless Telecommunication Services |
| 125,451 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 102.8% (Cost: $3,695,467) |
| 4,678,362 | ||||||
Other Assets less Liabilities – (2.8)% |
| (128,898 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 4,549,464 | |||||
| * | 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) | This security, or a portion thereof, is restricted from resale (see Note 2 – Restricted Securities). In accordance with a reconstruction scheme notified by the government of India applicable to Yes Bank Ltd., effective March 16, 2020, 75% of all shares of Yes Bank Ltd. held by then-existing shareholders are subject to a three-year lock-in period and are unable to be sold. At March 31, 2021, the value of the restricted portion of this security is as follows: |
| Investment | Restricted Shares | Acquisition Date | Acquisition Cost | Value | Value as a Percentage of Net Assets | |||||||||||||||
India – Banks | ||||||||||||||||||||
Yes Bank | 3,819 | | 4/2/19 - 10/18/19 | | $ | 11,551 | $ | 815 | 0.0 | % | ||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 77 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree India ex-State-Owned Enterprises Fund (IXSE)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 4,678,362 | $ | — | $ | — | $ | 4,678,362 | ||||||||
Total Investments in Securities | $ | 4,678,362 | $ | — | $ | — | $ | 4,678,362 | ||||||||
See Notes to Financial Statements.
| 78 | WisdomTree Trust |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Trust
March 31, 2021
| WisdomTree China ex-State-Owned Enterprises Fund | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | WisdomTree Emerging Markets High Dividend Fund | WisdomTree Emerging Markets Multifactor Fund | WisdomTree Emerging Markets Quality Dividend Growth Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 829,247,976 | $ | 4,033,092,583 | $ | 1,564,255,369 | $ | 4,375,104 | $ | 71,889,491 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | — | 1,600,025 | — | — | |||||||||||||||
Foreign currency, at cost | 2,768,511 | 1,522,778 | 2,195,559 | 1,460 | 21,067 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 936,746,264 | 4,740,591,887 | 1,917,597,750 | 5,126,325 | 95,603,029 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | — | 1,640,275 | — | — | |||||||||||||||
Cash | 9,611,379 | 11,909,862 | 1,068,286 | 12,197 | 37,596 | |||||||||||||||
Foreign currency, at value | 2,768,509 | 1,476,720 | 2,188,672 | 1,480 | 21,067 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 4,623 | 47,944 | — | 22,041 | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold3 | 4,064,147 | 40,085,052 | 207,148 | — | — | |||||||||||||||
Capital shares sold | 14,540,712 | — | — | — | — | |||||||||||||||
Dividends | 220 | 10,625,530 | 4,208,584 | 19,478 | 332,555 | |||||||||||||||
Securities lending income | 154,394 | 164,679 | 90,871 | 10 | 1,548 | |||||||||||||||
Foreign tax reclaims | — | 5,596 | 46,140 | 300 | 362 | |||||||||||||||
Total Assets | 967,890,248 | 4,804,907,270 | 1,927,047,726 | 5,181,831 | 95,996,157 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 651 | 20,851 | 4,559 | 25 | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 20,433,389 | 17,991,494 | 7,103,423 | 8,550 | 1,102,243 | |||||||||||||||
Investment securities purchased | 32,509,107 | 53,828,705 | — | 4,020 | — | |||||||||||||||
Advisory fees (Note 3) | 251,323 | 1,246,123 | 1,015,392 | 2,083 | 25,746 | |||||||||||||||
Service fees (Note 2) | 3,456 | 17,134 | 7,085 | 20 | 355 | |||||||||||||||
Foreign capital gains tax | — | 11,867,245 | 2,215,447 | 5,534 | 437,275 | |||||||||||||||
Total Liabilities | 53,197,926 | 84,971,552 | 10,345,906 | 20,232 | 1,565,619 | |||||||||||||||
NET ASSETS | $ | 914,692,322 | $ | 4,719,935,718 | $ | 1,916,701,820 | $ | 5,161,599 | $ | 94,430,538 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 837,854,615 | $ | 4,101,737,267 | $ | 3,193,008,526 | $ | 5,839,681 | $ | 91,221,273 | ||||||||||
Total distributable earnings (loss) | 76,837,707 | 618,198,451 | (1,276,306,706 | ) | (678,082 | ) | 3,209,265 | |||||||||||||
NET ASSETS | $ | 914,692,322 | $ | 4,719,935,718 | $ | 1,916,701,820 | $ | 5,161,599 | $ | 94,430,538 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 14,200,000 | 117,100,000 | 43,300,000 | 200,000 | 3,200,000 | |||||||||||||||
Net asset value per share | $ | 64.41 | $ | 40.31 | $ | 44.27 | $ | 25.81 | $ | 29.51 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 49,348,565 | $ | 108,446,202 | $ | 108,280,399 | $ | 32,692 | $ | 3,095,951 | ||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||||||||||||||||||
3 Includes market value of securities out on loan, which were sold and pending settlement, of: | $ | 2,574,450 | $ | 1,736,926 | — | — | — | |||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 79 |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Trust
March 31, 2021
| WisdomTree Emerging Markets SmallCap Dividend Fund | WisdomTree Global ex-U.S. Quality Dividend Growth Fund | WisdomTree Global ex-U.S. Real Estate Fund | WisdomTree Global High Dividend Fund | WisdomTree Growth Leaders Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 1,591,024,493 | $ | 298,791,410 | $ | 62,625,158 | $ | 57,982,871 | $ | 13,715,483 | ||||||||||
Investment in affiliates, at cost (Note 3) | 2,177,936 | 138,098 | — | 67,242 | — | |||||||||||||||
Foreign currency, at cost | 13,745,237 | 289,009 | 50,357 | 20,032 | 3,636 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 1,954,470,183 | 358,233,615 | 68,968,446 | 67,198,929 | 14,662,812 | |||||||||||||||
Investment in affiliates, at value (Note 3) | 2,224,743 | 138,145 | — | 72,481 | — | |||||||||||||||
Cash | 3,210,532 | 66,642 | 42,225 | 25,212 | 11,287 | |||||||||||||||
Foreign currency, at value | 13,728,884 | 288,095 | 50,319 | 20,003 | 3,669 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 13,962 | — | — | — | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold3 | 575,917 | — | — | — | — | |||||||||||||||
Capital shares sold | 2,975,029 | — | — | — | — | |||||||||||||||
Dividends | 9,428,234 | 1,258,567 | 196,187 | 246,381 | 848 | |||||||||||||||
Securities lending income | 530,400 | 7,134 | 2,438 | 1,081 | 113 | |||||||||||||||
Foreign tax reclaims | 35,633 | 246,962 | 28,602 | 54,470 | — | |||||||||||||||
Total Assets | 1,987,193,517 | 360,239,160 | 69,288,217 | 67,618,557 | �� | 14,678,729 | ||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 7,108 | 198 | 131 | — | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 29,682,870 | 3,935,928 | 5,538,740 | 1,936,790 | 265,750 | |||||||||||||||
Investment securities purchased | 15,449,344 | — | 6,264 | — | — | |||||||||||||||
Advisory fees (Note 3) | 1,016,008 | 173,559 | 32,204 | 32,284 | 2,502 | |||||||||||||||
Service fees (Note 2) | 7,069 | 1,314 | 244 | 243 | 55 | |||||||||||||||
Foreign capital gains tax | 5,818,561 | 997,906 | — | 8,499 | — | |||||||||||||||
Total Liabilities | 51,980,960 | 5,108,905 | 5,577,583 | 1,977,816 | 268,307 | |||||||||||||||
NET ASSETS | $ | 1,935,212,557 | $ | 355,130,255 | $ | 63,710,634 | $ | 65,640,741 | $ | 14,410,422 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 2,114,689,254 | $ | 318,601,597 | $ | 92,695,794 | $ | 76,093,005 | $ | 13,557,957 | ||||||||||
Total distributable earnings (loss) | (179,476,697 | ) | 36,528,658 | (28,985,160 | ) | (10,452,264 | ) | 852,465 | ||||||||||||
NET ASSETS | $ | 1,935,212,557 | $ | 355,130,255 | $ | 63,710,634 | $ | 65,640,741 | $ | 14,410,422 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 38,100,000 | 4,600,000 | 2,400,000 | 1,400,000 | 325,004 | |||||||||||||||
Net asset value per share | $ | 50.79 | $ | 77.20 | $ | 26.55 | $ | 46.89 | $ | 44.34 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 267,000,607 | $ | 9,273,853 | $ | 6,836,169 | $ | 3,521,717 | $ | 758,705 | ||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||||||||||||||||||
3 Includes market value of securities out on loan, which were sold and pending settlement, of: | $ | 146,880 | — | — | — | — | ||||||||||||||
See Notes to Financial Statements.
| 80 | WisdomTree Trust |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree Trust
March 31, 2021
| WisdomTree India Earnings Fund (consolidated) | WisdomTree India ex-State-Owned Enterprises Fund | |||||||
ASSETS: |
| |||||||
Investments, at cost | $ | 438,589,460 | $ | 3,695,467 | ||||
Investment in affiliates, at cost (Note 3) | 26,901 | — | ||||||
Foreign currency, at cost | 2,300,125 | 1,543,505 | ||||||
Investments in securities, at value | 799,516,317 | 4,678,362 | ||||||
Investment in affiliates, at value (Note 3) | 33,709 | — | ||||||
Cash | 93,807 | — | ||||||
Foreign currency, at value | 2,297,119 | 1,543,505 | ||||||
Receivables: |
| |||||||
Investment securities sold | — | 27,922 | ||||||
Capital shares sold | — | 10,630 | ||||||
Dividends | 65,346 | 222 | ||||||
Total Assets | 802,006,298 | 6,260,641 | ||||||
LIABILITIES: |
| |||||||
Due to custodian | — | 25,740 | ||||||
Payables: |
| |||||||
Investment securities purchased | — | 1,525,280 | ||||||
Advisory fees (Note 3) | 562,511 | 1,530 | ||||||
Service fees (Note 2) | 2,981 | 12 | ||||||
Foreign capital gains tax | 13,615,524 | 158,615 | ||||||
Total Liabilities | 14,181,016 | 1,711,177 | ||||||
NET ASSETS | $ | 787,825,282 | $ | 4,549,464 | ||||
NET ASSETS: |
| |||||||
Paid-in capital | $ | 586,553,403 | $ | 3,826,383 | ||||
Total distributable earnings | 201,271,879 | 723,081 | ||||||
NET ASSETS | $ | 787,825,282 | $ | 4,549,464 | ||||
Outstanding beneficial interest shares of $0.001 par value | 25,200,000 | 150,000 | ||||||
Net asset value per share | $ | 31.26 | $ | 30.33 | ||||
See Notes to Financial Statements.
| WisdomTree Trust | 81 |
Table of Contents
WisdomTree Trust
For the Year Ended March 31, 2021
| WisdomTree China ex-State-Owned Enterprises Fund | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | WisdomTree Emerging Markets High Dividend Fund | WisdomTree Emerging Markets Multifactor Fund | WisdomTree Emerging Markets Quality Dividend Growth Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 2,818,210 | $ | 33,309,934 | $ | 85,883,939 | $ | 241,564 | $ | 2,186,794 | ||||||||||
Dividends from affiliates (Note 3) | — | — | 61,505 | 593 | — | |||||||||||||||
Interest | 26 | — | — | — | 12 | |||||||||||||||
Non-cash dividends | 71,885 | 503,788 | 240,761 | — | 150,156 | |||||||||||||||
Securities lending income, net (Note 2) | 523,480 | 682,323 | 1,182,427 | 49 | 11,474 | |||||||||||||||
Total investment income | 3,413,601 | 34,496,045 | 87,368,632 | 242,206 | 2,348,436 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 1,810,933 | 8,730,387 | 10,557,139 | 38,827 | 358,623 | |||||||||||||||
Service fees (Note 2) | 21,487 | 105,922 | 73,733 | 356 | 3,823 | |||||||||||||||
Total expenses | 1,832,420 | 8,836,309 | 10,630,872 | 39,183 | 362,446 | |||||||||||||||
Expense waivers (Note 3) | (248,185 | ) | (1,026,996 | ) | (2,740 | ) | (10 | ) | (80,551 | ) | ||||||||||
Net expenses | 1,584,235 | 7,809,313 | 10,628,132 | 39,173 | 281,895 | |||||||||||||||
Net investment income | 1,829,366 | 26,686,732 | 76,740,500 | 203,033 | 2,066,541 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions2 | (107,557 | ) | (43,525,920 | ) | (295,461,471 | ) | 740,445 | (3,256,935 | ) | |||||||||||
Investment transactions in affiliates (Note 3) | — | — | (99,760 | ) | (2,647 | ) | — | |||||||||||||
In-kind redemptions | 16,888,254 | 55,430,495 | (1,629,653 | ) | 566,074 | 3,033,113 | ||||||||||||||
Futures contracts | — | (99,880 | ) | — | (2,150 | ) | — | |||||||||||||
Foreign currency contracts | (70,297 | ) | (307,377 | ) | 406,946 | (87,187 | ) | (9,268 | ) | |||||||||||
Foreign currency related transactions | 31,564 | (954,108 | ) | (368,890 | ) | (18,165 | ) | (6,444 | ) | |||||||||||
Net realized gain (loss) | 16,741,964 | 10,543,210 | (297,152,828 | ) | 1,196,370 | (239,534 | ) | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions3 | 111,343,640 | 825,031,035 | 821,275,704 | 1,942,571 | 35,187,027 | |||||||||||||||
Investment transactions in affiliates (Note 3) | — | — | 348,249 | — | — | |||||||||||||||
Foreign currency contracts | 3,972 | 27,093 | (6,415 | ) | 41,548 | (688 | ) | |||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (9,323 | ) | (298,114 | ) | 174,940 | 2,476 | 961 | |||||||||||||
Net increase in unrealized appreciation/depreciation | 111,338,289 | 824,760,014 | 821,792,478 | 1,986,595 | 35,187,300 | |||||||||||||||
Net realized and unrealized gain on investments | 128,080,253 | 835,303,224 | 524,639,650 | 3,182,965 | 34,947,766 | |||||||||||||||
Net increase from payment by affiliate (Note 3) | — | 3,285 | — | — | — | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 129,909,619 | $ | 861,993,241 | $ | 601,380,150 | $ | 3,385,998 | $ | 37,014,307 | ||||||||||
1 Net of foreign withholding tax of: | $ | 150,791 | $ | 5,344,337 | $ | 12,833,493 | $ | 34,220 | $ | 300,734 | ||||||||||
2 Net of foreign capital gains tax withheld of: | — | $ | 770,705 | — | $ | 7,651 | $ | 20,252 | ||||||||||||
3 Includes net increase (decrease) in accrued foreign capital gain taxes of: | — | $ | 11,867,360 | $ | 3,030,029 | $ | 6,956 | $ | 454,190 | |||||||||||
See Notes to Financial Statements.
| 82 | WisdomTree Trust |
Table of Contents
Statements of Operations (continued)
WisdomTree Trust
For the Year Ended March 31, 2021
| WisdomTree Emerging Markets SmallCap Dividend Fund | WisdomTree Global ex-U.S. Quality Dividend Growth Fund | WisdomTree Global ex-U.S. Real Estate Fund | WisdomTree Global High Dividend Fund | WisdomTree Growth Leaders Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 62,933,515 | $ | 6,564,562 | $ | 2,945,413 | $ | 3,132,428 | $ | 19,155 | ||||||||||
Dividends from affiliates (Note 3) | 258,040 | 42,345 | — | 7,731 | — | |||||||||||||||
Non-cash dividends | 1,443 | 3,989 | 126,903 | 77,140 | — | |||||||||||||||
Securities lending income, net (Note 2) | 4,431,838 | 54,688 | 50,189 | 13,047 | 2,507 | |||||||||||||||
Total investment income | 67,624,836 | 6,665,584 | 3,122,505 | 3,230,346 | 21,662 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 9,938,827 | 1,346,011 | 433,628 | 404,645 | 16,096 | |||||||||||||||
Service fees (Note 2) | 69,416 | 10,211 | 3,289 | 3,071 | 305 | |||||||||||||||
Total expenses | 10,008,243 | 1,356,222 | 436,917 | 407,716 | 16,401 | |||||||||||||||
Expense waivers (Note 3) | (9,034 | ) | — | — | (10 | ) | — | |||||||||||||
Net expenses | 9,999,209 | 1,356,222 | 436,917 | 407,706 | 16,401 | |||||||||||||||
Net investment income | 57,625,627 | 5,309,362 | 2,685,588 | 2,822,640 | 5,261 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | (100,382,253 | ) | (7,559,019 | ) | (18,049,577 | ) | (10,612,304 | ) | (58,809 | ) | ||||||||||
Investment transactions in affiliates (Note 3) | (164,445 | ) | 95,279 | — | 55,949 | — | ||||||||||||||
In-kind redemptions | 3,171,238 | 8,222,277 | 4,918,270 | 3,083,799 | 1,219,276 | |||||||||||||||
Foreign currency contracts | (221,370 | ) | (50,359 | ) | 6,286 | (4,685 | ) | 2,225 | ||||||||||||
Foreign currency related transactions | (290,351 | ) | 9,981 | 16,927 | 5,380 | (2,091 | ) | |||||||||||||
Net realized gain (loss) | (97,887,181 | ) | 718,159 | (13,108,094 | ) | (7,471,861 | ) | 1,160,601 | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions2 | 756,609,236 | 68,077,315 | 26,560,583 | 28,592,172 | 1,100,777 | |||||||||||||||
Investment transactions in affiliates (Note 3) | 772,627 | 90,998 | — | (27,999 | ) | — | ||||||||||||||
Foreign currency contracts | 7,404 | (1,645 | ) | (237 | ) | 212 | 2 | |||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (8,180 | ) | (4,248 | ) | 413 | 3,139 | 34 | |||||||||||||
Net increase in unrealized appreciation/depreciation | 757,381,087 | 68,162,420 | 26,560,759 | 28,567,524 | 1,100,813 | |||||||||||||||
Net realized and unrealized gain on investments | 659,493,906 | 68,880,579 | 13,452,665 | 21,095,663 | 2,261,414 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 717,119,533 | $ | 74,189,941 | $ | 16,138,253 | $ | 23,918,303 | $ | 2,266,675 | ||||||||||
1 Net of foreign withholding tax of: | $ | 9,638,852 | $ | 646,007 | $ | 222,319 | $ | 151,736 | $ | 329 | ||||||||||
2 Includes net increase (decrease) in accrued foreign capital gain taxes of: | $ | 5,818,787 | $ | 997,906 | — | $ | 8,499 | — | ||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 83 |
Table of Contents
Statements of Operations (concluded)
WisdomTree Trust
For the Year Ended March 31, 2021
| WisdomTree India Earnings Fund (consolidated) | WisdomTree India ex-State-Owned Enterprises Fund | |||||||
INVESTMENT INCOME: | ||||||||
Dividends1 | $ | 9,984,457 | $ | 18,331 | ||||
Dividends from affiliates (Note 3) | 49 | — | ||||||
Total investment income | 9,984,506 | 18,331 | ||||||
EXPENSES: | ||||||||
Advisory fees (Note 3) | 5,470,595 | 13,635 | ||||||
Service fees (Note 2) | 29,000 | 104 | ||||||
Interest expense (Note 8) | 53,424 | — | ||||||
Total expenses | 5,553,019 | 13,739 | ||||||
Expense waivers (Note 3) | (98 | ) | — | |||||
Net expenses | 5,552,921 | 13,739 | ||||||
Net investment income | 4,431,585 | 4,592 | ||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||
Net realized gain (loss) from: | ||||||||
Investment transactions2 | 48,543,290 | 19,195 | ||||||
Futures contracts | — | (1,222 | ) | |||||
Foreign currency contracts | (163,218 | ) | 2,524 | |||||
Foreign currency related transactions | 464,148 | (117 | ) | |||||
Net realized gain | 48,844,220 | 20,380 | ||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||
Investment transactions3 | 374,003,115 | 1,179,228 | ||||||
Investment transactions in affiliates (Note 3) | 14,246 | — | ||||||
Translation of assets and liabilities denominated in foreign currencies | 21,985 | (5,596 | ) | |||||
Net increase in unrealized appreciation/depreciation | 374,039,346 | 1,173,632 | ||||||
Net realized and unrealized gain on investments | 422,883,566 | 1,194,012 | ||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 427,315,151 | $ | 1,198,604 | ||||
1 Net of foreign withholding tax of: | $ | 2,788,408 | $ | 4,783 | ||||
2 Net of foreign capital gains tax withheld of: | — | $ | 1,032 | |||||
3 Includes net increase (decrease) in accrued foreign capital gain taxes of: | $ | 13,615,524 | $ | 158,615 | ||||
See Notes to Financial Statements.
| 84 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Trust
| WisdomTree China ex-State-Owned Enterprises Fund | WisdomTree Emerging Markets ex-State- Owned Enterprises Fund | WisdomTree Emerging Markets High Dividend Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 1,829,366 | $ | 1,530,597 | $ | 26,686,732 | $ | 11,366,555 | $ | 76,740,500 | $ | 107,725,386 | ||||||||||||
Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | 16,741,964 | (5,206,484 | ) | 10,543,210 | (18,901,039 | ) | (297,152,828 | ) | (30,302,080 | ) | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 111,338,289 | (4,773,317 | ) | 824,760,014 | (139,070,689 | ) | 821,792,478 | (580,466,828 | ) | |||||||||||||||
Net increase from payment by affiliate | — | — | 3,285 | — | — | — | ||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 129,909,619 | (8,449,204 | ) | 861,993,241 | (146,605,173 | ) | 601,380,150 | (503,043,522 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (2,251,505 | ) | (1,482,750 | ) | (27,862,429 | ) | (10,713,413 | ) | (80,570,083 | ) | (107,852,051 | ) | ||||||||||||
Tax return of capital | (39,686 | ) | — | — | — | — | — | |||||||||||||||||
Total distributions to shareholders | (2,291,191 | ) | (1,482,750 | ) | (27,862,429 | ) | (10,713,413 | ) | (80,570,083 | ) | (107,852,051 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 628,390,433 | 74,050,585 | 3,227,187,036 | 662,126,044 | 78,417,646 | 184,251,964 | ||||||||||||||||||
Cost of shares redeemed | (29,667,552 | ) | (19,466,325 | ) | (151,373,568 | ) | — | (321,460,657 | ) | (107,427,407 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 598,722,881 | 54,584,260 | 3,075,813,468 | 662,126,044 | (243,043,011 | ) | 76,824,557 | |||||||||||||||||
Net Increase (Decrease) in Net Assets | 726,341,309 | 44,652,306 | 3,909,944,280 | 504,807,458 | 277,767,056 | (534,071,016 | ) | |||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 188,351,013 | $ | 143,698,707 | $ | 809,991,438 | $ | 305,183,980 | $ | 1,638,934,764 | $ | 2,173,005,780 | ||||||||||||
End of year | $ | 914,692,322 | $ | 188,351,013 | $ | 4,719,935,718 | $ | 809,991,438 | $ | 1,916,701,820 | $ | 1,638,934,764 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 4,900,000 | 1 | 3,700,000 | 1 | 33,200,000 | 10,600,000 | 50,500,000 | 49,700,000 | ||||||||||||||||
Shares created | 9,800,000 | 1 | 1,750,000 | 1 | 88,200,000 | 22,600,000 | 1,900,000 | 4,100,000 | ||||||||||||||||
Shares redeemed | (500,000 | )1 | (550,000 | )1 | (4,300,000 | ) | — | (9,100,000 | ) | (3,300,000 | ) | |||||||||||||
Shares outstanding, end of year | 14,200,000 | 1 | 4,900,000 | 1 | 117,100,000 | 33,200,000 | 43,300,000 | 50,500,000 | ||||||||||||||||
| 1 | Shares were adjusted to reflect a 2:1 stock split effective October 16, 2020. |
See Notes to Financial Statements.
| WisdomTree Trust | 85 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
| WisdomTree Emerging Markets Multifactor Fund | WisdomTree Emerging Markets Quality Dividend Growth Fund | WisdomTree Emerging Markets SmallCap Dividend Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 203,033 | $ | 631,407 | $ | 2,066,541 | $ | 1,900,099 | $ | 57,625,627 | $ | 64,648,688 | ||||||||||||
Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | 1,196,370 | (1,433,435 | ) | (239,534 | ) | 2,068,012 | (97,887,181 | ) | (32,275,942 | ) | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 1,986,595 | (1,941,032 | ) | 35,187,300 | (20,695,000 | ) | 757,381,087 | (494,432,179 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 3,385,998 | (2,743,060 | ) | 37,014,307 | (16,726,889 | ) | 717,119,533 | (462,059,433 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (161,416 | ) | (622,000 | ) | (2,069,274 | ) | (1,769,180 | ) | (65,877,942 | ) | (64,397,006 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | — | 7,133,496 | 14,122,476 | 24,084,102 | 159,200,522 | 434,522,096 | ||||||||||||||||||
Cost of shares redeemed | (5,164,535 | ) | (15,552,502 | ) | (24,573,035 | ) | (4,840,952 | ) | (92,079,674 | ) | (116,184,314 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (5,164,535 | ) | (8,419,006 | ) | (10,450,559 | ) | 19,243,150 | 67,120,848 | 318,337,782 | |||||||||||||||
Net Increase (Decrease) in Net Assets | (1,939,953 | ) | (11,784,066 | ) | 24,494,474 | 747,081 | 718,362,439 | (208,118,657 | ) | |||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 7,101,552 | $ | 18,885,618 | $ | 69,936,064 | $ | 69,188,983 | $ | 1,216,850,118 | $ | 1,424,968,775 | ||||||||||||
End of year | $ | 5,161,599 | $ | 7,101,552 | $ | 94,430,538 | $ | 69,936,064 | $ | 1,935,212,557 | $ | 1,216,850,118 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 400,000 | 800,004 | 3,600,000 | 2,800,000 | 36,900,000 | 30,300,000 | ||||||||||||||||||
Shares created | — | 300,000 | 500,000 | 1,000,000 | 3,400,000 | 9,400,000 | ||||||||||||||||||
Shares redeemed | (200,000 | ) | (700,004 | ) | (900,000 | ) | (200,000 | ) | (2,200,000 | ) | (2,800,000 | ) | ||||||||||||
Shares outstanding, end of year | 200,000 | 400,000 | 3,200,000 | 3,600,000 | 38,100,000 | 36,900,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 86 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
| WisdomTree Global ex-U.S. Quality Dividend Growth Fund | WisdomTree Global ex-U.S. Real Estate Fund | WisdomTree Global High Dividend Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 5,309,362 | $ | 2,309,847 | $ | 2,685,588 | $ | 3,960,563 | $ | 2,822,640 | $ | 3,481,208 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 718,159 | 5,162,482 | (13,108,094 | ) | (2,233,118 | ) | (7,471,861 | ) | 84,523 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 68,162,420 | (14,115,415 | ) | 26,560,759 | (30,186,279 | ) | 28,567,524 | (23,124,533 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 74,189,941 | (6,643,086 | ) | 16,138,253 | (28,458,834 | ) | 23,918,303 | (19,558,802 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (5,009,804 | ) | (2,044,152 | ) | (2,194,990 | ) | (8,280,378 | ) | (2,796,745 | ) | (3,450,818 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 210,638,439 | 55,725,705 | — | 7,799,877 | 11,563,727 | 2,313,061 | ||||||||||||||||||
Cost of shares redeemed | (20,349,003 | ) | (23,657,765 | ) | (30,935,826 | ) | (4,503,382 | ) | (33,996,396 | ) | (4,578,918 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 190,289,436 | 32,067,940 | (30,935,826 | ) | 3,296,495 | (22,432,669 | ) | (2,265,857 | ) | |||||||||||||||
Net Increase (Decrease) in Net Assets | 259,469,573 | 23,380,702 | (16,992,563 | ) | (33,442,717 | ) | (1,311,111 | ) | (25,275,477 | ) | ||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 95,660,682 | $ | 72,279,980 | $ | 80,703,197 | $ | 114,145,914 | $ | 66,951,852 | $ | 92,227,329 | ||||||||||||
End of year | $ | 355,130,255 | $ | 95,660,682 | $ | 63,710,634 | $ | 80,703,197 | $ | 65,640,741 | $ | 66,951,852 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 1,800,000 | 1,300,000 | 3,650,000 | 3,550,000 | 1,950,000 | 2,000,000 | ||||||||||||||||||
Shares created | 3,100,000 | 900,000 | — | 250,000 | 300,000 | 50,000 | ||||||||||||||||||
Shares redeemed | (300,000 | ) | (400,000 | ) | (1,250,000 | ) | (150,000 | ) | (850,000 | ) | (100,000 | ) | ||||||||||||
Shares outstanding, end of year | 4,600,000 | 1,800,000 | 2,400,000 | 3,650,000 | 1,400,000 | 1,950,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 87 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Trust
WisdomTree Growth Leaders Fund | WisdomTree India Earnings Fund (consolidated) | WisdomTree India ex-State-Owned Enterprises Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Period May 22, 2019* through March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Period April 4, 2019* through March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 5,261 | $ | 4,778 | $ | 4,431,585 | $ | 13,950,573 | $ | 4,592 | $ | 14,534 | ||||||||||||
Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | 1,160,601 | 36,920 | 48,844,220 | 10,453,313 | 20,380 | (131,193 | ) | |||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies | 1,100,813 | (153,451 | ) | 374,039,346 | (409,753,248 | ) | 1,173,632 | (354,963 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 2,266,675 | (111,753 | ) | 427,315,151 | (385,349,362 | ) | 1,198,604 | (471,622 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (11,858 | ) | (4,030 | ) | (6,924,754 | ) | (8,945,464 | ) | (4,497 | ) | — | |||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 13,488,300 | 3,164,925 | — | 162,287,596 | 2,473,495 | 2,523,084 | ||||||||||||||||||
Cost of shares redeemed | (3,083,581 | ) | (1,298,356 | ) | (195,882,462 | ) | (528,099,367 | ) | — | (1,169,700 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 10,404,719 | 1,866,569 | (195,882,462 | ) | (365,811,771 | ) | 2,473,495 | 1,353,384 | ||||||||||||||||
Net Increase (Decrease) in Net Assets | 12,659,536 | 1,750,786 | 224,507,935 | (760,106,597 | ) | 3,667,602 | 881,762 | |||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of period | $ | 1,750,886 | $ | 100 | $ | 563,317,347 | $ | 1,323,423,944 | $ | 881,862 | $ | 100 | ||||||||||||
End of period | $ | 14,410,422 | $ | 1,750,886 | $ | 787,825,282 | $ | 563,317,347 | $ | 4,549,464 | $ | 881,862 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of period | 75,004 | 4 | 34,800,000 | 50,400,000 | 50,000 | 4 | ||||||||||||||||||
Shares created | 325,000 | 125,000 | — | 6,800,000 | 100,000 | 100,000 | ||||||||||||||||||
Shares redeemed | (75,000 | ) | (50,000 | ) | (9,600,000 | ) | (22,400,000 | ) | — | (50,004 | ) | |||||||||||||
Shares outstanding, end of period | 325,004 | 75,004 | 25,200,000 | 34,800,000 | 150,000 | 50,000 | ||||||||||||||||||
| * | Commencement of operations. |
See Notes to Financial Statements.
| 88 | WisdomTree Trust |
Table of Contents
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree China ex-State-Owned Enterprises Fund | For the Year Ended March 31, 20211 | For the Year Ended March 31, 20201 | For the Year Ended March 31, 20191 | For the Year Ended March 31, 20181 | For the Year Ended March 31, 20171 | |||||||||||||||
Net asset value, beginning of year | $ | 38.44 | $ | 38.84 | $ | 43.62 | $ | 28.59 | $ | 23.38 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income2 | 0.23 | 0.39 | 0.49 | 0.06 | 0.32 | |||||||||||||||
Net realized and unrealized gain (loss) | 26.10 | (0.39 | ) | (4.82 | ) | 15.28 | 5.23 | |||||||||||||
Total from investment operations | 26.33 | 0.003 | (4.33 | ) | 15.34 | 5.55 | ||||||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||||||
Net investment income | (0.35 | ) | (0.40 | ) | (0.45 | ) | (0.31 | ) | (0.34 | ) | ||||||||||
Tax return of capital | (0.01 | ) | — | (0.00 | )3 | — | — | |||||||||||||
Total dividends and distributions to shareholders | (0.36 | ) | (0.40 | ) | (0.45 | ) | (0.31 | ) | (0.34 | ) | ||||||||||
Net asset value, end of year | $ | 64.41 | $ | 38.44 | $ | 38.84 | $ | 43.62 | $ | 28.59 | ||||||||||
TOTAL RETURN4 | 68.71 | % | 0.07 | % | (9.91 | )% | 53.95 | % | 23.94 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 914,692 | $ | 188,351 | $ | 143,699 | $ | 215,928 | $ | 8,576 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses, net of expense waivers | 0.32 | %5 | 0.32 | %6 | 0.32 | %6 | 0.33 | %6,7 | 0.53 | %7 | ||||||||||
Expenses, prior to expense waivers | 0.38 | % | 0.63 | % | 0.63 | % | 0.63 | % | 0.63 | % | ||||||||||
Net investment income | 0.37 | % | 1.03 | % | 1.31 | % | 0.14 | % | 1.29 | % | ||||||||||
Portfolio turnover rate8 | 20 | % | 22 | % | 35 | % | 20 | % | 37 | % | ||||||||||
| WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 24.40 | $ | 28.79 | $ | 31.99 | $ | 24.72 | $ | 21.48 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income2 | 0.41 | 0.62 | 0.42 | 0.28 | 0.30 | |||||||||||||||
Net realized and unrealized gain (loss) | 15.91 | (4.38 | ) | (3.20 | ) | 7.20 | 3.25 | |||||||||||||
Net increase from payment by affiliate | 0.00 | 3 | — | 0.00 | 3 | — | — | |||||||||||||
Total from investment operations | 16.32 | (3.76 | ) | (2.78 | ) | 7.48 | 3.55 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.41 | ) | (0.63 | ) | (0.42 | ) | (0.21 | ) | (0.31 | ) | ||||||||||
Net asset value, end of year | $ | 40.31 | $ | 24.40 | $ | 28.79 | $ | 31.99 | $ | 24.72 | ||||||||||
TOTAL RETURN4 | 67.18 | %9 | (13.36 | )% | (8.64 | )%9 | 30.30 | % | 16.68 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 4,719,936 | $ | 809,991 | $ | 305,184 | $ | 92,776 | $ | 2,472 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses, net of expense waivers | 0.32 | %5 | 0.32 | %6 | 0.32 | %6 | 0.33 | %6 | 0.58 | % | ||||||||||
Expenses, prior to expense waivers | 0.37 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 1.11 | % | 2.14 | % | 1.51 | % | 0.92 | % | 1.33 | % | ||||||||||
Portfolio turnover rate8 | 34 | % | 19 | % | 24 | % | 68 | % | 15 | % | ||||||||||
| 1 | Shares were adjusted to reflect a 2:1 stock split effective October 16, 2020. |
| 2 | Based on average shares outstanding. |
| 3 | Amount represents less than $0.005. |
| 4 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 5 | The investment advisor had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.32%. |
| 6 | Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust. |
| 7 | Effective July 1, 2015, the investment advisor contractually agreed to limit the advisory fee to 0.53% through July 31, 2017, unless earlier terminated by the Board of Trustees of the Trust. |
| 8 | Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
| 9 | Includes a reimbursement from the sub-advisor for an operational error that resulted in investment transaction losses. Excluding the reimbursement, total return would have been unchanged (Note 3). |
See Notes to Financial Statements.
| WisdomTree Trust | 89 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Emerging Markets High Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 32.45 | $ | 43.72 | $ | 47.35 | $ | 40.69 | $ | 35.05 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.76 | 2.10 | 1.84 | 1.67 | 1.42 | |||||||||||||||
Net realized and unrealized gain (loss) | 11.93 | (11.25 | ) | (3.57 | ) | 6.65 | 5.58 | |||||||||||||
Total from investment operations | 13.69 | (9.15 | ) | (1.73 | ) | 8.32 | 7.00 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.87 | ) | (2.12 | ) | (1.90 | ) | (1.66 | ) | (1.36 | ) | ||||||||||
Net asset value, end of year | $ | 44.27 | $ | 32.45 | $ | 43.72 | $ | 47.35 | $ | 40.69 | ||||||||||
TOTAL RETURN2 | 43.37 | % | (22.06 | )% | (3.51 | )% | 20.98 | % | 20.44 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,916,702 | $ | 1,638,935 | $ | 2,173,006 | $ | 2,282,176 | $ | 1,721,381 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses4 | 0.63 | % | 0.63 | % | 0.63 | % | 0.63 | % | 0.63 | % | ||||||||||
Net investment income | 4.58 | % | 4.91 | % | 4.23 | % | 3.81 | % | 3.81 | % | ||||||||||
Portfolio turnover rate5 | 62 | % | 41 | % | 44 | % | 41 | % | 41 | % | ||||||||||
| WisdomTree Emerging Markets Multifactor Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Period August 10, 2018* through March 31, 2019 | |||||||||||||||||
Net asset value, beginning of period | $ | 17.75 | $ | 23.61 | $ | 24.68 | ||||||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.56 | 0.73 | 0.29 | |||||||||||||||||
Net realized and unrealized gain (loss) | 7.90 | (5.91 | ) | (1.16 | ) | |||||||||||||||
Total from investment operations | 8.46 | (5.18 | ) | (0.87 | ) | |||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.40 | ) | (0.68 | ) | (0.20 | ) | ||||||||||||||
Net asset value, end of period | $ | 25.81 | $ | 17.75 | $ | 23.61 | ||||||||||||||
TOTAL RETURN2 | 48.12 | % | (22.44 | )% | (3.52 | )% | ||||||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 5,162 | $ | 7,102 | $ | 18,886 | ||||||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.48 | %3,4 | 0.48 | % | 0.48 | %4,6 | ||||||||||||||
Net investment income | 2.51 | %3 | 3.24 | % | 1.97 | %6 | ||||||||||||||
Portfolio turnover rate5 | 125 | % | 166 | % | 133 | % | ||||||||||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 5 | Portfolio turnover rate is not annualized for fiscal 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 | Annualized. |
See Notes to Financial Statements.
| 90 | WisdomTree Trust |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Emerging Markets Quality Dividend Growth Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 19.43 | $ | 24.71 | $ | 26.94 | $ | 23.03 | $ | 21.11 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.61 | 0.66 | 0.71 | 0.56 | 0.63 | |||||||||||||||
Net realized and unrealized gain (loss) | 10.08 | (5.32 | ) | (2.30 | ) | 3.87 | 1.96 | |||||||||||||
Total from investment operations | 10.69 | (4.66 | ) | (1.59 | ) | 4.43 | 2.59 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.61 | ) | (0.62 | ) | (0.64 | ) | (0.52 | ) | (0.67 | ) | ||||||||||
Net asset value, end of year | $ | 29.51 | $ | 19.43 | $ | 24.71 | $ | 26.94 | $ | 23.03 | ||||||||||
TOTAL RETURN2 | 55.66 | % | (19.30 | )% | (5.79 | )% | 19.44 | % | 12.45 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 94,431 | $ | 69,936 | $ | 69,189 | $ | 75,442 | $ | 48,366 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses, net of expense waivers | 0.32 | %3 | 0.32 | %4 | 0.32 | %4 | 0.39 | %4 | 0.63 | % | ||||||||||
Expenses, prior to expense waivers | 0.42 | % | 0.63 | % | 0.63 | % | 0.63 | % | 0.63 | % | ||||||||||
Net investment income | 2.38 | % | 2.74 | % | 2.93 | % | 2.17 | % | 2.88 | % | ||||||||||
Portfolio turnover rate5 | 57 | % | 55 | % | 81 | % | 62 | % | 49 | % | ||||||||||
| WisdomTree Emerging Markets SmallCap Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 32.98 | $ | 47.03 | $ | 53.47 | $ | 44.62 | $ | 37.90 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.58 | 1.82 | 1.79 | 1.42 | 1.35 | |||||||||||||||
Net realized and unrealized gain (loss) | 18.04 | (14.02 | ) | (6.35 | ) | 8.89 | 6.71 | |||||||||||||
Total from investment operations | 19.62 | (12.20 | ) | (4.56 | ) | 10.31 | 8.06 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.81 | ) | (1.85 | ) | (1.88 | ) | (1.46 | ) | (1.34 | ) | ||||||||||
Net asset value, end of year | $ | 50.79 | $ | 32.98 | $ | 47.03 | $ | 53.47 | $ | 44.62 | ||||||||||
TOTAL RETURN2 | 60.63 | % | (26.95 | )% | (8.40 | )% | 23.55 | % | 21.76 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,935,213 | $ | 1,216,850 | $ | 1,424,969 | $ | 1,743,104 | $ | 1,106,602 | ||||||||||
Ratios to average net assets6 of: | ||||||||||||||||||||
Expenses7 | 0.63 | % | 0.63 | % | 0.63 | % | 0.63 | % | 0.63 | % | ||||||||||
Net investment income | 3.65 | % | 4.05 | % | 3.81 | % | 2.88 | % | 3.36 | % | ||||||||||
Portfolio turnover rate5 | 59 | % | 47 | % | 40 | % | 48 | % | 47 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The investment advisor had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.32%. |
| 4 | Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust. |
| 5 | Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
| 6 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 7 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
See Notes to Financial Statements.
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Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Global ex-U.S. Quality Dividend Growth Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 53.14 | $ | 55.60 | $ | 59.03 | $ | 50.03 | $ | 47.16 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.60 | 1.60 | 1.17 | 1.24 | 1.14 | |||||||||||||||
Net realized and unrealized gain (loss) | 23.87 | (2.62 | ) | (3.34 | ) | 8.79 | 2.94 | |||||||||||||
Total from investment operations | 25.47 | (1.02 | ) | (2.17 | ) | 10.03 | 4.08 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.41 | ) | (1.44 | ) | (1.26 | ) | (1.03 | ) | (1.21 | ) | ||||||||||
Net asset value, end of year | $ | 77.20 | $ | 53.14 | $ | 55.60 | $ | 59.03 | $ | 50.03 | ||||||||||
TOTAL RETURN2 | 48.25 | % | (2.01 | )% | (3.65 | )% | 20.18 | % | 8.80 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 355,130 | $ | 95,661 | $ | 72,280 | $ | 70,841 | $ | 50,031 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses | 0.58 | % | 0.58 | %4 | 0.58 | %4 | 0.58 | %4 | 0.58 | % | ||||||||||
Net investment income | 2.29 | % | 2.68 | % | 2.11 | % | 2.20 | % | 2.39 | % | ||||||||||
Portfolio turnover rate5 | 56 | % | 56 | % | 60 | % | 67 | % | 66 | % | ||||||||||
| WisdomTree Global ex-U.S. Real Estate Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 22.11 | $ | 32.15 | $ | 32.04 | $ | 28.16 | $ | 27.26 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.89 | 1.13 | 1.12 | 1.11 | 1.06 | |||||||||||||||
Net realized and unrealized gain (loss) | 4.35 | (8.79 | ) | 0.24 | 4.92 | 1.35 | ||||||||||||||
Net increase from payment by affiliate | — | — | — | — | 0.00 | 6 | ||||||||||||||
Total from investment operations | 5.24 | (7.66 | ) | 1.36 | 6.03 | 2.41 | ||||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.80 | ) | (2.38 | ) | (1.25 | ) | (2.15 | ) | (1.51 | ) | ||||||||||
Net asset value, end of year | $ | 26.55 | $ | 22.11 | $ | 32.15 | $ | 32.04 | $ | 28.16 | ||||||||||
TOTAL RETURN2 | 23.92 | % | (25.74 | )% | 4.51 | % | 21.90 | % | 9.33 | %7 | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 63,711 | $ | 80,703 | $ | 114,146 | $ | 107,329 | $ | 83,060 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses | 0.58 | % | 0.58 | %3 | 0.58 | %3 | 0.58 | %3 | 0.58 | %3 | ||||||||||
Net investment income | 3.59 | % | 3.75 | %3 | 3.72 | %3 | 3.56 | %3 | 3.86 | %3 | ||||||||||
Portfolio turnover rate5 | 39 | % | 21 | % | 17 | % | 23 | % | 19 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree Global ex-U.S. Quality Dividend Growth Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 5 | Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
| 6 | Amount represents less than $0.005. |
| 7 | Includes a reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this reimbursement, total return would have been unchanged. |
See Notes to Financial Statements.
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Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Global High Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 34.33 | $ | 46.11 | $ | 46.38 | $ | 44.75 | $ | 40.84 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.63 | 1.78 | 1.77 | 1.59 | 1.46 | |||||||||||||||
Net realized and unrealized gain (loss) | 12.62 | (11.79 | ) | (0.18 | ) | 1.54 | 3.97 | |||||||||||||
Total from investment operations | 14.25 | (10.01 | ) | 1.59 | 3.13 | 5.43 | ||||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.69 | ) | (1.77 | ) | (1.86 | ) | (1.50 | ) | (1.52 | ) | ||||||||||
Net asset value, end of year | $ | 46.89 | $ | 34.33 | $ | 46.11 | $ | 46.38 | $ | 44.75 | ||||||||||
TOTAL RETURN2 | 42.38 | % | (22.46 | )% | 3.59 | % | 7.02 | % | 13.54 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 65,641 | $ | 66,952 | $ | 92,227 | $ | 104,358 | $ | 89,510 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses | 0.58 | %4 | 0.58 | %4 | 0.58 | %4 | 0.58 | %4 | 0.58 | % | ||||||||||
Net investment income | 4.05 | % | 3.88 | % | 3.86 | % | 3.41 | % | 3.42 | % | ||||||||||
Portfolio turnover rate5 | 48 | % | 32 | % | 19 | % | 21 | % | 21 | % | ||||||||||
| WisdomTree Growth Leaders Fund | For the Year Ended March 31, 20216 | For the Period May 22, 2019* through March 31, 2020 | ||||||
Net asset value, beginning of period | $ | 23.34 | $ | 24.80 | ||||
Investment operations: | ||||||||
Net investment income1 | 0.03 | 0.06 | ||||||
Net realized and unrealized gain (loss) | 21.02 | (1.44 | ) | |||||
Total from investment operations | 21.05 | (1.38 | ) | |||||
Dividends to shareholders: | ||||||||
Net investment income | (0.05 | ) | (0.08 | ) | ||||
Net asset value, end of period | $ | 44.34 | $ | 23.34 | ||||
TOTAL RETURN2 | 90.18 | % | (5.61 | )% | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 14,410 | $ | 1,751 | ||||
Ratios to average net assets of: |
| |||||||
Expenses | 0.24 | %7 | 0.45 | %8 | ||||
Net investment income | 0.08 | % | 0.27 | %8 | ||||
Portfolio turnover rate5 | 40 | % | 9 | % | ||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Global High Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 5 | Portfolio turnover rate is not annualized for fiscal 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 information reflects the investment objective and strategy of the WisdomTree Modern Tech Platforms Fund through July 31, 2020 and the investment objective and strategy of the WisdomTree Growth Leaders Fund thereafter. The increase in the portfolio turnover rate was primarily a result of the aforementioned investment objective and strategy change. |
| 7 | Prior to August 1, 2020, the Fund’s net expense ratio was 0.45% and, thereafter, was reduced to 0.20% per annum. |
| 8 | Annualized. |
See Notes to Financial Statements.
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Table of Contents
Financial Highlights (concluded)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree India Earnings Fund (consolidated) | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 16.19 | $ | 26.26 | $ | 25.88 | $ | 24.07 | $ | 19.42 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.16 | 0.30 | 0.28 | 0.24 | 0.23 | |||||||||||||||
Net realized and unrealized gain (loss) | 15.16 | (10.18 | ) | 0.45 | 1.79 | 4.70 | ||||||||||||||
Total from investment operations | 15.32 | (9.88 | ) | 0.73 | 2.03 | 4.93 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.25 | ) | (0.19 | ) | (0.34 | ) | (0.22 | ) | (0.28 | ) | ||||||||||
Tax return of capital | — | — | (0.01 | ) | — | — | ||||||||||||||
Total dividends and distributions to shareholders | (0.25 | ) | (0.19 | ) | (0.35 | ) | (0.22 | ) | (0.28 | ) | ||||||||||
Net asset value, end of year | $ | 31.26 | $ | 16.19 | $ | 26.26 | $ | 25.88 | $ | 24.07 | ||||||||||
TOTAL RETURN2 | 95.10 | % | (37.84 | )% | 2.89 | % | 8.46 | % | 25.56 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 787,825 | $ | 563,317 | $ | 1,323,424 | $ | 1,671,567 | $ | 1,564,606 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses3 | 0.84 | %4,5 | 0.84 | %4,5 | 0.85 | % | 0.84 | % | 0.84 | % | ||||||||||
Net investment income | 0.67 | %4 | 1.22 | %4 | 1.14 | % | 0.91 | % | 1.09 | % | ||||||||||
Portfolio turnover rate6 | 23 | % | 32 | % | 37 | % | 22 | % | 30 | % | ||||||||||
| WisdomTree India ex-State-Owned Enterprises Fund | For the Year Ended March 31, 2021 | For the Period April 4, 2019* through March 31, 2020 | ||||||
Net asset value, beginning of period | $ | 17.64 | $ | 24.67 | ||||
Investment operations: | ||||||||
Net investment income1 | 0.05 | 0.19 | ||||||
Net realized and unrealized gain (loss) | 12.69 | (7.22 | ) | |||||
Total from investment operations | 12.74 | (7.03 | ) | |||||
Dividends to shareholders: | ||||||||
Net investment income | (0.05 | ) | — | |||||
Net asset value, end of period | $ | 30.33 | $ | 17.64 | ||||
TOTAL RETURN2 | 72.25 | % | (28.50 | )% | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 4,549 | $ | 882 | ||||
Ratios to average net assets of: |
| |||||||
Expenses | 0.58 | % | 0.58 | %7 | ||||
Net investment income | 0.20 | % | 0.80 | %7 | ||||
Portfolio turnover rate6 | 36 | % | 82 | % | ||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree India Earnings Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Includes interest expense of 0.01% for each of the fiscal years presented. |
| 4 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 5 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 6 | Portfolio turnover rate is not annualized for fiscal 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. |
| 7 | Annualized. |
See Notes to Financial Statements.
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Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 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 China ex-State-Owned Enterprises Fund (“China ex-State-Owned Enterprises Fund’’) | September 19, 2012 | |||
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (“Emerging Markets ex-State-Owned Enterprises Fund’’) | December 10, 2014 | |||
WisdomTree Emerging Markets High Dividend Fund (“Emerging Markets High Dividend Fund’’) | July 13, 2007 | |||
WisdomTree Emerging Markets Multifactor Fund (“Emerging Markets Multifactor Fund’’) | August 10, 2018 | |||
WisdomTree Emerging Markets Quality Dividend Growth Fund (“Emerging Markets Quality Dividend Growth Fund’’) | August 1, 2013 | |||
WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund’’) | October 30, 2007 | |||
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (“Global ex-U.S. Quality Dividend Growth Fund’’) | June 16, 2006 | |||
WisdomTree Global ex-U.S. Real Estate Fund (“Global ex-U.S. Real Estate Fund’’) | June 5, 2007 | |||
WisdomTree Global High Dividend Fund (“Global High Dividend Fund’’) | June 16, 2006 | |||
WisdomTree Growth Leaders Fund (“Growth Leaders Fund’’) (formerly, WisdomTree Modern Tech Platforms Fund) | May 22, 2019 | |||
WisdomTree India Earnings Fund (“India Earnings Fund’’) (consolidated) | February 22, 2008 | |||
WisdomTree India ex-State-Owned Enterprises Fund (“India ex-State-Owned Enterprises Fund’’) | April 4, 2019 | |||
The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius (“Mauritius”). The Portfolio was incorporated under the provisions of the Mauritius Companies Act, 2001 and holds a Global Business License Category 1 issued by the Financial Services Commission.
Each Fund, except for the Emerging Markets Multifactor Fund and Emerging Markets Quality Dividend Growth 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’’). The Emerging Markets Quality Dividend Growth Fund is actively managed using a model-based approach seeking income and capital appreciation. The Emerging Markets Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. The Growth Leaders Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Growth Leaders Index. In seeking to track the Index, the Growth Leaders Fund invests in high growth mid and large-cap companies that are generating substantial revenue from a modern platform business. Prior to August 1, 2020, the Growth Leaders Fund was known as the WisdomTree Modern Tech Platforms Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree Modern Tech Platforms Index (the “Former Index”). In seeking to track the Former Index, the WisdomTree Modern Tech Platforms Fund invested in mid and large-cap companies that are generating substantial revenue from a modern platform business. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund (including the Portfolio) 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. The securities in each Index are weighted based on earnings or earnings yield.
In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.
The following is a summary of significant accounting policies followed by the Funds:
Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
| WisdomTree Trust | 95 |
Table of Contents
Notes to Financial Statements (continued)
at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Basis of Consolidation — The financial statements for the India Earnings Fund include the accounts of a wholly-owned and controlled Mauritius subsidiary (the “Subsidiary”). The India Earnings Fund’s accompanying financial statements reflect the financial position and the results of operations on a consolidated basis with its Subsidiary. All intercompany accounts and transactions have been eliminated in the consolidation.
Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g., broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. 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 sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time for all Funds. 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.
| 96 | WisdomTree Trust |
Table of Contents
Notes to Financial Statements (continued)
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 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 ended March 31, 2021, 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 and equity futures contracts during the year ended March 31, 2021 and open positions in such derivatives as of March 31, 2021 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements 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 March 31, 2021 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 March 31, 2021, if any, is reflected as a footnote within each Fund’s Schedule of Investments.
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As of March 31, 2021, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:
| Fund | Asset Derivatives | Liability Derivatives | ||||||||||
| Balance Sheet Location | Value | Balance Sheet Location | Value | |||||||||
China ex-State-Owned Enterprises Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | 4,623 | Unrealized depreciation on foreign currency contracts | $ | 651 | ||||||
Emerging Markets ex-State-Owned Enterprises Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 47,944 | Unrealized depreciation on foreign currency contracts | 20,851 | ||||||||
Emerging Markets High Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 4,559 | ||||||||
Emerging Markets Multifactor Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 22,041 | Unrealized depreciation on foreign currency contracts | 25 | ||||||||
Emerging Markets SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 13,962 | Unrealized depreciation on foreign currency contracts | 7,108 | ||||||||
Global ex-U.S. Quality Dividend Growth Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 198 | ||||||||
Global ex-U.S. Real Estate Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 131 | ||||||||
For the fiscal year ended March 31, 2021, the effects of derivative instruments on each applicable 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 | ||||||
China ex-State-Owned Enterprises Fund |
| |||||||
Foreign exchange contracts | $ | (70,297 | ) | $ | 3,972 | |||
Emerging Markets ex-State-Owned Enterprises Fund |
| |||||||
Foreign exchange contracts | (307,377 | ) | 27,093 | |||||
Equity contracts | (99,880 | ) | — | |||||
Emerging Markets High Dividend Fund |
| |||||||
Foreign exchange contracts | 406,946 | (6,415 | ) | |||||
Emerging Markets Multifactor Fund |
| |||||||
Foreign exchange contracts | (87,187 | ) | 41,548 | |||||
Equity contracts | (2,150 | ) | — | |||||
Emerging Markets Quality Dividend Growth Fund |
| |||||||
Foreign exchange contracts | (9,268 | ) | (688 | ) | ||||
Emerging Markets SmallCap Dividend Fund |
| |||||||
Foreign exchange contracts | (221,370 | ) | 7,404 | |||||
Global ex-U.S. Quality Dividend Growth Fund |
| |||||||
Foreign exchange contracts | (50,359 | ) | (1,645 | ) | ||||
Global ex-U.S. Real Estate Fund |
| |||||||
Foreign exchange contracts | 6,286 | (237 | ) | |||||
Global High Dividend Fund |
| |||||||
Foreign exchange contracts | (4,685 | ) | 212 | |||||
Growth Leaders Fund |
| |||||||
Foreign exchange contracts | 2,225 | 2 | ||||||
India Earnings Fund (consolidated) |
| |||||||
Foreign exchange contracts | (163,218 | ) | — | |||||
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| Fund | Amount of Realized Gain or (Loss) on Derivatives Recognized1 | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized2 | ||||||
India ex-State-Owned Enterprises Fund | ||||||||
Foreign exchange contracts | $ | 2,524 | $ | — | ||||
Equity contracts | (1,222 | ) | — | |||||
| 1 | Realized gains (losses) on derivatives are located on the Statements of Operations as follows: |
Foreign exchange contracts | Net realized gain (loss) from foreign currency contracts | |
Equity contracts | Net realized gain (loss) from futures contracts |
| 2 | Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows: |
Foreign exchange contracts | Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts |
During the fiscal year ended March 31, 2021, 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 USD) | Foreign currency contracts (to receive USD) | Futures contracts (long) | |||||||||
China ex-State-Owned Enterprises Fund | ||||||||||||
Foreign exchange contracts | $ | 4,152,539 | $ | 160,364 | $ | — | ||||||
Emerging Markets ex-State-Owned Enterprises Fund | ||||||||||||
Equity contracts1 | — | — | 1,070,367 | |||||||||
Foreign exchange contracts | 9,198,102 | 2,725,390 | — | |||||||||
Emerging Markets High Dividend Fund | ||||||||||||
Foreign exchange contracts | 321,236 | 1,390,443 | — | |||||||||
Emerging Markets Multifactor Fund | ||||||||||||
Equity contracts1 | — | — | 13,143 | |||||||||
Foreign exchange contracts | 406,490 | 1,684,390 | — | |||||||||
Emerging Markets Quality Dividend Growth Fund | ||||||||||||
Foreign exchange contracts | 15,296 | 400,818 | — | |||||||||
Emerging Markets SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | 845,883 | 1,823,933 | — | |||||||||
Global ex-U.S. Quality Dividend Growth Fund | ||||||||||||
Foreign exchange contracts | 358,857 | 118,260 | — | |||||||||
Global ex-U.S. Real Estate Fund | ||||||||||||
Foreign exchange contracts | 52,214 | 18,261 | — | |||||||||
Global High Dividend Fund | ||||||||||||
Foreign exchange contracts | 21,629 | 14,337 | — | |||||||||
Growth Leaders Fund | ||||||||||||
Foreign exchange contracts1 | 18,794 | 21,660 | — | |||||||||
India Earnings Fund (consolidated) | ||||||||||||
Foreign exchange contracts | 2,083,424 | 3,873,306 | — | |||||||||
India ex-State-Owned Enterprises Fund | ||||||||||||
Equity contracts1 | — | — | 41,809 | |||||||||
Foreign exchange contracts1 | 199,441 | 9,374 | — | |||||||||
| 1 | The volume of derivatives for the period is based on intra-month balances. |
Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable (with respect to foreign dividends) 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
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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, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.
Acquired fund fees and expenses (“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.
Interest expense associated with a short term loan from a U.S. bank that is incurred in connection with the execution of portfolio rebalancing trades is 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 Emerging Markets Multifactor 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 Funds, except for the Emerging Markets Multifactor Fund, utilized forward foreign currency contracts (‘‘Forward Contracts’’) primarily to facilitate foreign security settlements. The Emerging Markets Multifactor
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Fund utilized Forward Contracts primarily to offset applicable foreign currency exposure from certain positions in emerging market equities. 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 Emerging Markets ex-State-Owned Enterprises Fund and Emerging Markets Multifactor Fund utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with their investment objectives. The India ex-State-Owned Enterprises Fund utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with its investment objective during the Fund’s annual portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.
Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts, 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 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 March 31, 2021, there were no open futures contracts in the Funds.
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 securities issued or guaranteed by the U.S. government or its agencies, 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 (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net 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
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or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.
Master Netting Arrangements — Codification 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 collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.
For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2021, the impact of netting of assets and liabilities and the offsetting of
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collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:
| Assets | Liabilities | |||||||||||||||||||||||||||||||
| Gross Amounts in the Statements of Assets and Liabilities | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | Gross Amounts in the Statements of Assets and Liabilities | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | |||||||||||||||||||||||||||
| Fund | Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | ||||||||||||||||||||||||||||
China ex-State-Owned Enterprises Fund | ||||||||||||||||||||||||||||||||
Securities Lending | $ | 49,348,565 | $ | — | $ | (49,348,565 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Foreign Currency Contracts | 4,623 | (651 | ) | — | 3,972 | 651 | (651 | ) | — | — | ||||||||||||||||||||||
Emerging Markets ex-State-Owned Enterprises Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 108,446,202 | — | (108,446,202 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 47,944 | (19,578 | ) | — | 28,366 | 20,851 | (19,578 | ) | — | 1,273 | ||||||||||||||||||||||
Emerging Markets High Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 108,280,399 | — | (108,280,399 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 4,559 | — | — | 4,559 | ||||||||||||||||||||||||
Emerging Markets Multifactor Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 32,692 | — | (32,692 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 22,041 | — | — | 22,041 | 25 | — | — | 25 | ||||||||||||||||||||||||
Emerging Markets Quality Dividend Growth Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 3,095,951 | — | (3,095,951 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Emerging Markets SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 267,000,607 | — | (267,000,607 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 13,962 | — | — | 13,962 | 7,108 | — | — | 7,108 | ||||||||||||||||||||||||
Global ex-U.S. Quality Dividend Growth Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 9,273,853 | — | (9,273,853 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 198 | — | — | 198 | ||||||||||||||||||||||||
Global ex-U.S. Real Estate Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 6,836,169 | — | (6,836,169 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 131 | — | — | 131 | ||||||||||||||||||||||||
Global High Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 3,521,717 | — | (3,521,717 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Growth Leaders Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 758,705 | — | (758,705 | )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.
Restricted Securities — Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is included at the end of each Fund’s Schedule of Investments.
Emerging 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)
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 to 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 is determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital. The India Earnings Fund has filed an election to treat the Portfolio as a ‘‘pass-through’’ entity for tax purposes.
3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Additionally, the Portfolio is also advised by WTAM and is sub-advised by Mellon. Mellon is compensated by WTAM at no additional cost to the Funds or the Portfolio. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.
WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets and, with respect to the India Earnings Fund, based on the average daily net assets of India Earnings Fund and the Portfolio on a consolidated basis, as shown in the following table:
| Fund | Advisory Fee Rate | |||
China ex-State-Owned Enterprises Fund | 0.32 | %1 | ||
Emerging Markets ex-State-Owned Enterprises Fund | 0.32 | %2 | ||
Emerging Markets High Dividend Fund | 0.63 | % | ||
Emerging Markets Multifactor Fund | 0.48 | % | ||
Emerging Markets Quality Dividend Growth Fund | 0.32 | %1 | ||
Emerging Markets SmallCap Dividend Fund | 0.63 | % | ||
Global ex-U.S. Quality Dividend Growth Fund | 0.58 | % | ||
Global ex-U.S. Real Estate Fund | 0.58 | % | ||
Global High Dividend Fund | 0.58 | % | ||
Growth Leaders Fund | 0.20 | %3 | ||
India Earnings Fund (consolidated) | 0.83 | % | ||
India ex-State-Owned Enterprises Fund | 0.58 | % | ||
| 1 | Prior to the close of business July 31, 2020, WTAM received an annual advisory fee of 0.63% (before fee waivers) based on the Fund’s average daily net assets and had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020 (the advisory fee waiver expiration date). Effective the close of business July 31, 2020, the contractual advisory fee waiver expired and the advisory fee annual rate (before fee waivers) was permanently reduced to 0.32%. |
| 2 | Prior to the close of business July 31, 2020, WTAM received an annual advisory fee of 0.58% (before fee waivers) based on the Fund’s average daily net assets and had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020 (the advisory fee waiver expiration date). Effective the close of business July 31, 2020, the contractual advisory fee waiver expired and the advisory fee annual rate (before fee waivers) was permanently reduced to 0.32%. |
| 3 | Prior to August 1, 2020, WTAM received an annual advisory fee of 0.45% based on the Fund’s average daily net assets. |
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Notes to Financial Statements (continued)
During the year ended March 31, 2021, the Emerging Markets ex-State-Owned Enterprises Fund received a reimbursement of $3,285 from Mellon resulting from an operational error that resulted in investment transaction losses. The dollar amount of the reimbursement is shown in the Statements of Operations in “Net increase from payment by affiliate”.
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 year ended March 31, 2021, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of the advisory fees, that it would otherwise charge, in an amount equal to the indirect AFFE (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) attributable to each Fund’s investment in affiliated ETFs. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.
WTAM and/or WisdomTree Investments (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2021, WT 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 WT | Market Value of Fund Shares held by WT | Dividends and Distributions paid to WT on Fund Shares held by WT | |||||||||
Emerging Markets ex-State-Owned Enterprises Fund | 821 | $ | 33,406 | $ | 336 | |||||||
Emerging Markets High Dividend Fund | 167 | 7,408 | 284 | |||||||||
Emerging Markets Quality Dividend Growth Fund | 269 | 7,997 | 82 | |||||||||
Emerging Markets SmallCap Dividend Fund | 376 | 19,285 | 636 | |||||||||
Global ex-U.S. Quality Dividend Growth Fund | 88 | 6,831 | 71 | |||||||||
Growth Leaders Fund | 45 | 2,002 | 2 | |||||||||
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2021, 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 securities and/or an amount of cash. The India Earnings Fund and India ex-State-Owned Enterprises Fund issue and redeem shares on a cash basis only as certain securities markets in which these Funds invest do not permit in-kind transfers of securities. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2021 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 | ||||||||||||
China ex-State-Owned Enterprises Fund | $ | 583,356,836 | $ | 98,259,195 | $ | 144,609,023 | $ | 29,823,148 | ||||||||
Emerging Markets ex-State-Owned Enterprises Fund | 3,146,315,620 | 819,096,242 | 888,661,956 | 151,312,405 | ||||||||||||
Emerging Markets High Dividend Fund | 1,017,512,768 | 1,107,143,835 | 20,776,544 | 178,248,355 | ||||||||||||
Emerging Markets Multifactor Fund | 9,566,077 | 12,251,055 | — | 2,543,985 | ||||||||||||
Emerging Markets Quality Dividend Growth Fund | 48,153,972 | 49,726,891 | 1,831,983 | 10,850,761 | ||||||||||||
Emerging Markets SmallCap Dividend Fund | 977,419,627 | 918,209,273 | 29,561,104 | 32,279,566 | ||||||||||||
Global ex-U.S. Quality Dividend Growth Fund | 182,235,209 | 128,525,744 | 156,202,584 | 20,367,481 | ||||||||||||
Global ex-U.S. Real Estate Fund | 30,378,469 | 28,434,629 | — | 32,171,537 | ||||||||||||
Global High Dividend Fund | 32,948,583 | 33,891,685 | 10,708,780 | 31,938,443 | ||||||||||||
Growth Leaders Fund | 2,771,319 | 2,738,504 | 13,464,903 | 3,103,574 | ||||||||||||
India Earnings Fund (consolidated) | 153,517,407 | 350,473,313 | — | — | ||||||||||||
India ex-State-Owned Enterprises Fund | 3,320,830 | 881,768 | — | — | ||||||||||||
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Table of Contents
Notes to Financial Statements (continued)
6. FEDERAL INCOME TAXES
At March 31, 2021, 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 Appreciation | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized (Depreciation) | Total Net Unrealized Appreciation | ||||||||||||||||||||||||||||
China ex-State-Owned Enterprises Fund | $ | 832,767,806 | $ | 120,208,328 | $ | (16,229,870 | ) | $ | 103,978,458 | $ | 4,623 | $ | (651 | ) | $ | 3,972 | $ | 103,982,430 | ||||||||||||||||||
Emerging Markets ex-State-Owned Enterprises Fund | 4,060,624,225 | 731,464,262 | (51,496,600 | ) | 679,967,662 | 47,944 | (15,823 | ) | 32,121 | 679,999,783 | ||||||||||||||||||||||||||
Emerging Markets High Dividend Fund | 1,577,238,336 | 384,603,248 | (42,603,559 | ) | 341,999,689 | — | (4,559 | ) | (4,559 | ) | 341,995,130 | |||||||||||||||||||||||||
Emerging Markets Multifactor Fund | 4,385,152 | 837,483 | (96,310 | ) | 741,173 | — | (3 | ) | (3 | ) | 741,170 | |||||||||||||||||||||||||
Emerging Markets Quality Dividend Growth Fund | 72,262,855 | 25,345,997 | (2,005,823 | ) | 23,340,174 | — | — | — | 23,340,174 | |||||||||||||||||||||||||||
Emerging Markets SmallCap Dividend Fund | 1,607,946,590 | 420,096,636 | (71,348,300 | ) | 348,748,336 | 13,962 | (6,836 | ) | 7,126 | 348,755,462 | ||||||||||||||||||||||||||
Global ex-U.S. Quality Dividend Growth Fund | 299,175,082 | 63,691,778 | (4,495,100 | ) | 59,196,678 | — | (189 | ) | (189 | ) | 59,196,489 | |||||||||||||||||||||||||
Global ex-U.S. Real Estate Fund | 65,409,305 | 5,031,672 | (1,472,531 | ) | 3,559,141 | — | — | — | 3,559,141 | |||||||||||||||||||||||||||
Global High Dividend Fund | 58,226,146 | 11,004,620 | (1,959,356 | ) | 9,045,264 | — | — | — | 9,045,264 | |||||||||||||||||||||||||||
Growth Leaders Fund | 13,721,805 | 1,177,182 | (236,175 | ) | 941,007 | — | — | — | 941,007 | |||||||||||||||||||||||||||
India Earnings Fund (consolidated) | 455,796,770 | 359,519,796 | (15,766,540 | ) | 343,753,256 | — | — | — | 343,753,256 | |||||||||||||||||||||||||||
India ex-State Owned Enterprises Fund | 3,735,910 | 956,074 | (13,622 | ) | 942,452 | — | — | — | 942,452 | |||||||||||||||||||||||||||
| 1 | Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments. |
At March 31, 2021, the components of total distributable earnings (loss) on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income | Undistributed Capital and Other Losses | Net Unrealized Appreciation | Currency and Other Unrealized Appreciation/ (Depreciation) | Total Distributable Earnings (Loss) | |||||||||||||||
China ex-State-Owned Enterprises Fund | $ | — | $ | (27,135,698 | ) | $ | 103,982,430 | $ | (9,025 | ) | $ | 76,837,707 | ||||||||
Emerging Markets ex-State-Owned Enterprises Fund | 12,688,325 | (62,256,065 | ) | 679,999,783 | (12,233,592 | ) | 618,198,451 | |||||||||||||
Emerging Markets High Dividend Fund | 1,796,049 | (1,616,973,744 | ) | 341,995,130 | (3,124,141 | ) | (1,276,306,706 | ) | ||||||||||||
Emerging Markets Multifactor Fund | 8,484 | (1,420,188 | ) | 741,170 | (7,548 | ) | (678,082 | ) | ||||||||||||
Emerging Markets Quality Dividend Growth Fund | 109,388 | (19,776,267 | ) | 23,340,174 | (464,030 | ) | 3,209,265 | |||||||||||||
Emerging Markets SmallCap Dividend Fund | 5,669,520 | (527,772,923 | ) | 348,755,462 | (6,128,756 | ) | (179,476,697 | ) | ||||||||||||
Global ex-U.S. Quality Dividend Growth Fund | 749,086 | (22,397,837 | ) | 59,196,489 | (1,019,080 | ) | 36,528,658 | |||||||||||||
Global ex-U.S. Real Estate Fund | 969,659 | (33,513,430 | ) | 3,559,141 | (530 | ) | (28,985,160 | ) | ||||||||||||
Global High Dividend Fund | 147,345 | (19,637,445 | ) | 9,045,264 | (7,428 | ) | (10,452,264 | ) | ||||||||||||
Growth Leaders Fund | 2,826 | (91,401 | ) | 941,007 | 33 | 852,465 | ||||||||||||||
India Earnings Fund (consolidated) | 1,454,635 | (130,317,303 | ) | 343,753,256 | (13,618,709 | ) | 201,271,879 | |||||||||||||
India ex-State-Owned Enterprises Fund | 1,470 | (56,615 | ) | 942,452 | (164,226 | ) | 723,081 | |||||||||||||
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Notes to Financial Statements (continued)
The tax character of distributions paid during the fiscal years or periods ended March 31, 2021 and March 31, 2020, was as follows:
| Year Ended March 31, 2021 | Year Ended March 31, 2020 | |||||||||||
| Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Return of Capital | Distributions Paid from Ordinary Income* | |||||||||
China ex-State-Owned Enterprises Fund | $ | 2,251,505 | $ | 39,686 | $ | 1,482,750 | ||||||
Emerging Markets ex-State-Owned Enterprises Fund | 27,862,429 | — | 10,713,413 | |||||||||
Emerging Markets High Dividend Fund | 80,570,083 | — | 107,852,051 | |||||||||
Emerging Markets Multifactor Fund | 161,416 | — | 622,000 | |||||||||
Emerging Markets Quality Dividend Growth Fund | 2,069,274 | — | 1,769,180 | |||||||||
Emerging Markets SmallCap Dividend Fund | 65,877,942 | — | 64,397,006 | |||||||||
Global ex-U.S. Quality Dividend Growth Fund | 5,009,804 | — | 2,044,152 | |||||||||
Global ex-U.S. Real Estate Fund | 2,194,990 | — | 8,280,378 | |||||||||
Global High Dividend Fund | 2,796,745 | — | 3,450,818 | |||||||||
Growth Leaders Fund | 11,858 | — | 4,030 | 1 | ||||||||
India Earnings Fund (consolidated) | 6,924,754 | — | 8,945,464 | |||||||||
India ex-State-Owned Enterprises Fund | 4,497 | — | — | 2 | ||||||||
| * | Includes short-term capital gains, if any. |
| 1 | For the period May 22, 2019 (commencement of operations) through March 31, 2020. |
| 2 | For the period April 4, 2019 (commencement of operations) through March 31, 2020. |
At March 31, 2021, 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 | |||||||||
China ex-State-Owned Enterprises Fund | $ | 17,987,032 | $ | 9,039,849 | $ | 27,026,881 | ||||||
Emerging Markets ex-State-Owned Enterprises Fund | 43,959,082 | 18,296,983 | 62,256,065 | |||||||||
Emerging Markets High Dividend Fund | 491,279,589 | 1,125,694,155 | 1,616,973,744 | |||||||||
Emerging Markets Multifactor Fund | 1,420,188 | — | 1,420,188 | |||||||||
Emerging Markets Quality Dividend Growth Fund | 9,376,314 | 10,399,953 | 19,776,267 | |||||||||
Emerging Markets SmallCap Dividend Fund | 284,317,173 | 243,455,750 | 527,772,923 | |||||||||
Global ex-U.S. Quality Dividend Growth Fund | 16,725,302 | 5,672,535 | 22,397,837 | |||||||||
Global ex-U.S. Real Estate Fund | 5,300,025 | 28,213,405 | 33,513,430 | |||||||||
Global High Dividend Fund | 5,421,313 | 14,216,132 | 19,637,445 | |||||||||
Growth Leaders Fund | 77,309 | 14,092 | 91,401 | |||||||||
India Earnings Fund (consolidated) | 130,317,303 | — | 130,317,303 | |||||||||
India ex-State-Owned Enterprises Fund | 41,543 | 15,072 | 56,615 | |||||||||
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. At March 31, 2021, the Funds did not have any post-October capital losses to defer.
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Notes to Financial Statements (continued)
During the fiscal year ended March 31, 2021, the following Funds incurred and will elect to defer late year ordinary losses as follows:
| Fund | Late Year Ordinary Loss | |||
China ex-State-Owned Enterprises Fund | $ | 108,817 | ||
Emerging Markets ex-State-Owned Enterprises Fund | — | |||
Emerging Markets High Dividend Fund | — | |||
Emerging Markets Multifactor Fund | — | |||
Emerging Markets Quality Dividend Growth Fund | — | |||
Emerging Markets SmallCap Dividend Fund | — | |||
Global ex-U.S. Quality Dividend Growth Fund | — | |||
Global ex-U.S. Real Estate Fund | — | |||
Global High Dividend Fund | — | |||
Growth Leaders Fund | — | |||
India Earnings Fund (consolidated) | — | |||
India ex-State-Owned Enterprises Fund | — | |||
During the fiscal year ended March 31, 2021, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:
| Fund | Utilized Capital Loss | |||
China ex-State-Owned Enterprises Fund | $ | 1,672,144 | ||
Emerging Markets ex-State-Owned Enterprises Fund | — | |||
Emerging Markets High Dividend Fund | — | |||
Emerging Markets Multifactor Fund | 678,181 | |||
Emerging Markets Quality Dividend Growth Fund | — | |||
Emerging Markets SmallCap Dividend Fund | — | |||
Global ex-U.S. Quality Dividend Growth Fund | — | |||
Global ex-U.S. Real Estate Fund | — | |||
Global High Dividend Fund | — | |||
Growth Leaders Fund | — | |||
India Earnings Fund (consolidated) | 36,351,210 | |||
India ex-State-Owned Enterprises Fund | 54,563 | |||
At March 31, 2021, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind.
| Fund | Total Distributable Earnings (Loss) | Paid-in Capital | ||||||
China ex-State-Owned Enterprises Fund | $ | (16,888,253 | ) | $ | 16,888,253 | |||
Emerging Markets ex-State-Owned Enterprises Fund | (55,422,695 | ) | 55,422,695 | |||||
Emerging Markets High Dividend Fund | 6,585,614 | (6,585,614 | ) | |||||
Emerging Markets Multifactor Fund | (557,101 | ) | 557,101 | |||||
Emerging Markets Quality Dividend Growth Fund | (3,021,817 | ) | 3,021,817 | |||||
Emerging Markets SmallCap Dividend Fund | (3,161,770 | ) | 3,161,770 | |||||
Global ex-U.S. Quality Dividend Growth Fund | (8,217,570 | ) | 8,217,570 | |||||
Global ex-U.S. Real Estate Fund | (1,803,481 | ) | 1,803,481 | |||||
Global High Dividend Fund | (2,838,449 | ) | 2,838,449 | |||||
Growth Leaders Fund | (1,212,184 | ) | 1,212,184 | |||||
India Earnings Fund (consolidated) | — | — | ||||||
India ex-State-Owned Enterprises Fund | — | — | ||||||
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Notes to Financial Statements (continued)
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 income is earned or capital gains and unrealized appreciation are recorded. The dollar amount of applicable foreign withholding taxes on foreign income is included net in the Statements of Operations in “Dividend Income,” the foreign capital gains tax applicable on the disposal of securities is included in the Statements of Operations in “Net realized gain (loss) from investment transactions” and the dollar amount of deferred foreign capital gains tax applicable on the unrealized appreciation on securities held is included in the Statements of Operations in “Net increase (decrease) in unrealized appreciation/depreciation from investment transactions”. The Funds record a foreign tax reclaim receivable on the ex-dividend date if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims that have been recorded but not yet received are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”. As of and during the fiscal year ended March 31, 2021, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2021, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions.
7. MAURITIUS AND INDIA TAXATION
The Portfolio holds a tax residency certificate issued by the Mauritian Revenue authorities as well as other tax residency related documentation prescribed by the Indian Revenue authorities and should be regarded as the beneficial owner of the investments made in Indian securities, which should entitle it to claim the benefits of the double taxation avoidance agreement entered between the Government of India and Mauritius (“tax treaty”).
The taxable profits derived from the Portfolio are subject to income tax at the rate of 15% in the Republic of Mauritius (“Mauritius”) and eligible for a presumed foreign tax credit of 80% of the Mauritian tax on the respective foreign income which effectively limits the maximum income tax payable to an effective rate of 3%. The Mauritius income tax is paid by WTAM (out of its fee paid by the India Earnings Fund), accordingly, no provision for Mauritius income taxes is required.
Under the tax treaty, as amended, Mauritius entities (such as the Portfolio) are subject to tax on capital gains arising on the disposal of shares of an Indian company. However, investments in shares acquired up to March 31, 2017 are grandfathered, thus exempted from capital gains tax in India irrespective of the date of disposal (subject to the entity being eligible for the tax treaty benefits). The Indian tax rates applicable on disposal of securities would depend on the nature of securities, the holding period and the manner of disposal.
Changes in India tax law could reduce the return to each Fund with investments in India and the return received by each Fund’s shareholders.
Reference to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.
8. DEMAND NOTE
During the fiscal year ended March 31, 2021, the India Earnings Fund had a demand note agreement with Bank of America, N.A. which allowed the Fund to borrow up to $175,000,000 and had a final maturity date of September 29, 2020. During the fiscal year ended March 31, 2021, the Fund utilized the demand note and borrowed for a period of 6 days with an average outstanding loan balance of $151,000,000 and a weighted average interest rate of 2.15% per annum. Interest expense related to the loan for the fiscal year ended March 31, 2021 was $53,424. At March 31, 2021, the Fund did not have any amounts outstanding under the demand note agreement.
9. SUBSEQUENT EVENT
On May 25, 2021, at the recommendation of WTAM, the investment adviser of the Global ex-U.S. Quality Dividend Growth Fund, the Board of Trustees considered, and approved, a 2-for-1 stock split of the Global ex-U.S. Quality Dividend Growth Fund’s outstanding shares. The total outstanding shares of the Global ex-U.S. Quality Dividend Growth Fund will split on a 2-for-1 basis on or around June 10, 2021. The impact of the stock split will increase the number of shares outstanding by a factor of two, while decreasing the NAV per share and market price per share by a factor of two, resulting in no effect on the Global ex-U.S. Quality Dividend Growth Fund’s net assets or on the total value of a shareholder’s investment.
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Notes to Financial Statements (concluded)
10. ADDITIONAL INFORMATION
The Board of Trustees authorized a two-for-one stock split for the China ex-State-Owned Enterprises Fund, effective after the close of trading on October 16, 2020, for the shareholders of record on October 14, 2020. The impact of the stock split was to increase the number of shares outstanding by a factor of two, while decreasing the NAV per share by a factor of two, resulting in no effect on the net assets of the Fund. The financial statements for the Fund have been adjusted to reflect the stock split.
* * * * *
The respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally for over a year, resulting in a global pandemic and major disruption to global markets and economies. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide took 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. In recent months, however, the rapid COVID-19 vaccination rollout in the United States and certain other developed countries, coupled with the passage of stimulus programs in the U.S. and abroad, have resulted in a reversal of many of these trends, including the re-opening of businesses, a reduction in quarantine requirements, increased consumer demand, and the resumption of certain in-person schooling, travel and events. Despite these positive trends, the prevalence of new COVID-19 variants, a failure to achieve herd immunity, or other unforeseen circumstances may result in the continued spread of the virus throughout unvaccinated populations or a resurgence in infections among vaccinated populations. As a result, it remains unclear if recent positive trends will continue in developed markets and whether such trends will spread world-wide to countries with limited access to vaccines that are still experiencing rising COVID-19 cases, hospitalizations and deaths.
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. It is also true that the speed at which global economies recover, or fail to recover, from the COVID-19 pandemic will affect certain sectors, industries, and issuers more dramatically than others, which in turn may adversely affect certain Fund investments.
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, including access to COVID-19 vaccinations and treatments. 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 fully 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.
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Report of Independent Registered Public Accounting Firm
To the Shareholders of WisdomTree China ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets High Dividend Fund, WisdomTree Emerging Markets Multifactor Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree Global High Dividend Fund, WisdomTree Growth Leaders Fund (formerly, WisdomTree Modern Tech Platforms Fund), WisdomTree India Earnings Fund and WisdomTree India ex-State-Owned Enterprises Fund and the Board of Trustees of WisdomTree Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities (consolidated as it relates to WisdomTree India Earnings Fund) of WisdomTree China ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets High Dividend Fund, WisdomTree Emerging Markets Multifactor Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree Global High Dividend Fund, WisdomTree Growth Leaders Fund (formerly, WisdomTree Modern Tech Platforms Fund), WisdomTree India Earnings Fund and WisdomTree India ex-State-Owned Enterprises Fund, (twelve of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments (consolidated as it relates to WisdomTree India Earnings Fund), as of March 31, 2021, and the related statements of operations and changes in net assets (consolidated as it relates to WisdomTree India Earnings Fund), and the financial highlights (consolidated as it relates to WisdomTree India Earnings Fund) 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 (consolidated as it relates to WisdomTree India Earnings Fund) of each of the Funds (twelve of the funds constituting WisdomTree Trust) at March 31, 2021, and the results of their operations (consolidated as it relates to WisdomTree India Earnings Fund), changes in net assets (consolidated as it relates to WisdomTree India Earnings Fund) and financial highlights (consolidated as it relates to WisdomTree India Earnings Fund) 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 China ex-State-Owned Enterprises Fund WisdomTree Emerging Markets ex-State-Owned Enterprises Fund WisdomTree Emerging Markets High Dividend Fund WisdomTree Emerging Markets Quality Dividend Growth Fund WisdomTree Emerging Markets SmallCap Dividend Fund WisdomTree Global ex-U.S. Quality Dividend Growth Fund WisdomTree Global ex-U.S. Real Estate Fund WisdomTree Global High Dividend Fund WisdomTree India Earnings Fund | For the year ended March 31, 2021 | For each of the two years in the period ended March 31, 2021 | For each of the five years in the period ended March 31, 2021 | |||
WisdomTree Emerging Markets Multifactor Fund | For the year ended March 31, 2021 | For each of the two years in the period ended March 31, 2021 | For each of the two years in the period ended March 31, 2021 and the period from August 10, 2018 (commencement of operations) through March 31, 2019 | |||
WisdomTree Growth Leaders Fund (formerly, WisdomTree Modern Tech Platforms Fund) | For the year ended March 31, 2021 | For the year ended March 31, 2021 and the period from May 22, 2019 (commencement of operations) through March 31, 2020 | ||||
WisdomTree India ex-State-Owned Enterprises Fund | For the year ended March 31, 2021 | For the year ended March 31, 2021 and the period from April 4, 2019 (commencement of operations) through March 31, 2020 | ||||
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.
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Report of Independent Registered Public Accounting Firm (concluded)
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2021, 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
May 26, 2021
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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 interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor 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-ended 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 January 1, 2020 to December 31, 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 Funds maintain sufficient highly liquid assets to meet Fund redemptions.
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Trustees and Officers Information (unaudited)
Name | Position(s) Held with the Trust, Term of Office and Length | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ | Other Directorships Held by Trustee During Past | ||||||
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. | 68 | 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). | 68 | None | ||||||
| Joel Goldberg**, *** (1945) | Trustee, 2012-present | Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010. | 68 | 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. | 68 | None | ||||||
Melinda A. (1955) | Trustee, 2014-present | Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management. | 68 | 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. | 68 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016). | ||||||
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Trustees and Officers Information (unaudited) (concluded)
Name | Position(s) Held with the Trust, Term of Office and Length | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ | Other Directorships Held by Trustee During Past | ||||||
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. | 68 | None | ||||||
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. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | None | ||||||
| + | As of March 31, 2021. |
| * | 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. |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year ended March 31, 2021, 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 2022.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2021, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income | |||
China ex-State-Owned Enterprises Fund | $ | 1,548,162 | ||
Emerging Markets ex-State-Owned Enterprises Fund | 22,864,758 | |||
Emerging Markets High Dividend Fund | 58,194,039 | |||
Emerging Markets Multifactor Fund | 148,823 | |||
Emerging Markets Quality Dividend Growth Fund | 1,495,864 | |||
Emerging Markets SmallCap Dividend Fund | 29,542,221 | |||
Global ex-U.S. Quality Dividend Growth Fund | 5,009,804 | |||
Global ex-U.S. Real Estate Fund | 1,070,149 | |||
Global High Dividend Fund | 2,672,265 | |||
Growth Leaders Fund | 11,858 | |||
India Earnings Fund (consolidated) | 6,924,754 | |||
India ex-State-Owned Enterprises Fund | 4,497 | |||
The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2021. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income | Foreign Taxes Paid | ||||||
China ex-State-Owned Enterprises Fund | $ | 1,455,605 | $ | 140,518 | ||||
Emerging Markets ex-State-Owned Enterprises Fund | 31,341,008 | 5,735,446 | ||||||
Emerging Markets High Dividend Fund | 89,365,356 | 9,555,344 | ||||||
Emerging Markets Multifactor Fund | 239,886 | 39,912 | ||||||
Emerging Markets Quality Dividend Growth Fund | 2,052,160 | 282,560 | ||||||
Emerging Markets SmallCap Dividend Fund | 62,858,512 | 7,366,559 | ||||||
Global ex-U.S. Quality Dividend Growth Fund | 5,887,923 | 508,343 | ||||||
Global ex-U.S. Real Estate Fund | 2,844,581 | 135,082 | ||||||
Global High Dividend Fund | — | — | ||||||
Growth Leaders Fund | — | — | ||||||
India Earnings Fund (consolidated) | 7,219,964 | 2,715,274 | ||||||
India ex-State-Owned Enterprises Fund | 9,376 | 5,815 | ||||||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2021, that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction | |||
China ex-State-Owned Enterprises Fund | 1.40 | % | ||
Emerging Markets ex-State-Owned Enterprises Fund | 0.15 | % | ||
Emerging Markets High Dividend Fund | 0.03 | % | ||
Emerging Markets Multifactor Fund | 0.09 | % | ||
Emerging Markets Quality Dividend Growth Fund | — | |||
Emerging Markets SmallCap Dividend Fund | — | |||
Global ex-U.S. Quality Dividend Growth Fund | — | |||
Global ex-U.S. Real Estate Fund | — | |||
Global High Dividend Fund | 59.41 | % | ||
Growth Leaders Fund | 100.00 | % | ||
India Earnings Fund (consolidated) | — | |||
India ex-State-Owned Enterprises Fund | — | |||
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
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.
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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing.
There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Indexes are unmanaged and you cannot invest directly in an index.
The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.
Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.
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.
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WisdomTree Trust
245 Park Avenue, 35th Floor
New York, NY 10167
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.
WTGM - 4833
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WisdomTree Trust
Annual Report
March 31, 2021
WisdomTree Europe Hedged Equity Fund (HEDJ)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
WisdomTree Germany Hedged Equity Fund (DXGE)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
WisdomTree Japan Hedged Equity Fund (DXJ)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
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Information about Performance and Shareholder Expense Examples (unaudited) | 3 | |||
| 4 | ||||
| 10 | ||||
| Schedules of Investments | ||||
| 13 | ||||
| 16 | ||||
| 20 | ||||
WisdomTree International Hedged Quality Dividend Growth Fund | 23 | |||
| 36 | ||||
| 43 | ||||
| 53 | ||||
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| 57 | ||||
| 60 | ||||
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| 76 | ||||
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
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(unaudited)
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 44.57% in the 12-month fiscal year ended March 31, 2021 (the “period”). Measured in local currency, the MSCI EAFE Index returned 36.56% over the period. Despite the impressive absolute return, international equity markets lagged all other major equity regions during the period, including the U.S., emerging markets, and global equity indexes.
International currency performance was mixed during the period, with significant movement in the U.S. dollar and other international currencies as local governments and central banks sought to combat the economic impacts of the novel coronavirus (“COVID-19”) pandemic. The euro and Swiss franc (the latter viewed as a safe-haven currency) strengthened relative to the U.S. dollar (“USD”), while the Japanese yen (also considered a safe-haven currency) weakened.
The first quarter of the period, from April 1, 2020 through June 30, 2020, was marred by the onset of the COVID-19 pandemic and the efforts of local governments and central banks around the world to contain its spread, protect public health, and mitigate the economic impacts. Many gauges of economic activity came to a screeching halt during the quarter as governments made the difficult decision to shutter major parts of their economies and enforce strict stay-at-home orders to mitigate the spread and impact of the virus on local health systems. Many developed economies such as Italy, the United Kingdom, and Germany experienced severe infection rates that curtailed economic activity during the quarter. Markit Purchasing Managers’ Indexes (“PMIs”) for the Eurozone at the manufacturing, services, and composite levels, for example, exhibited steep declines below 50 during the quarter. Measurements below 50 indicate economic contractions, while readings above 50 signal expansions. Meanwhile, European leaders were on high alert. The European Central Bank (“ECB”), led by President Christine Lagarde, continued using quantitative easing to create monetary stimulus and began investigating how its monetary policy toolkit could aid the recovery. The European Union (“EU”) followed suit, as its leaders began talks to coordinate fiscal stimulus efforts and aid to ailing countries and economies that were being disproportionately affected during the pandemic. During the quarter, equity markets began what would become an enduring recovery, with the MSCI EAFE Index returning 14.88% in USD terms for the quarter ended June 30, 2020. However, this rally fell short of bull markets around the world, primarily due to the concentration of developed market economies in cyclical industries, which were adversely affected by the pandemic, regional lockdowns, and subsequent reduction in economic activity.
The economic recovery truly began to take hold during the second quarter of the period, from July 1, 2020 through September 30, 2020. Eurozone PMIs steadily recovered by June 30th and finally broke into expansionary territory (above the level of 50) by July 2020. However, the economy was still fragile and required significant monetary and fiscal support from both the ECB and the EU, respectively. With the ECB remaining attentive and using whatever monetary policy tools it could to support a recovery, the EU eventually reached a landmark agreement whereby it would issue joint debt, backed by all its member countries, to support the region’s economic recovery.
The optimism was short-lived, however, as new virus flareups plagued developed markets as the summer ended which prompted another wave of lockdowns and subdued economic activity. After reaching their expansionary highs in June 2020, both services and composite PMIs dipped once again into contractionary territory. This was quelled by manufacturing gauges, however, which remained strong and continued their upward trajectory as local economies figured out how to maintain production capacity alongside social distancing and health and safety checks. Equity markets continued their recovery during the quarter, though to a much smaller extent, with the MSCI EAFE Index returning 4.80% in USD terms for the quarter ended September 30, 2020. Developed markets once again lagged the rest of the world, as the cyclical nature of their economies, coupled with the inability to control the spread of the virus and resume normal economic activity, remained a major headwind.
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Market Environment Overview
(unaudited) (concluded)
The third quarter of the period, from October 1, 2020 through December 31, 2020, marked an important turning point for the following reasons. First, was the Presidential election in the United States, as the Democratic Party gained control of both the White House and later Congress (though the latter was not ultimately decided until January 2021), which had important geopolitical implications for developed markets. Second, was the end of the Brexit saga. Four years after Britain voted to formally leave the European Union in 2016 (often referred to as “Brexit”), Prime Minister Boris Johnson arranged a deal with EU leaders to exit the bloc with certain trade relationships and other negotiations intact. Lastly, and perhaps most important to developed equity markets, was the announcement from several global pharmaceutical giants that they had developed a vaccine for COVID-19. This was immediately additive for the downtrodden cyclical sectors of the economy that struggled throughout 2020, and the region confronted its next two hurdles: securing enough vaccines for its population and distributing them. Both hurdles remain significant challenges for developed markets. However, the news of the vaccine itself restored some optimism in developed economies since cyclical industries may be poised to benefit the most. These three catalysts provided a much-needed tailwind for developed equity markets during the quarter, as they outperformed U.S. and global equity indices by a few percentage points, with the MSCI EAFE Index returning 16.05% in USD terms for the quarter ended December 31, 2020. Composite and service PMIs once again continued to recover, albeit slowly, while manufacturing gauges maintained their momentum and finished the quarter well in expansion territory.
The fourth quarter of the period, concluding March 31, 2021, continued with much of the momentum that ended 2020. Despite localized virus flareups after the holiday season, regional economies and their health systems were generally better prepared to combat the onset of new cases. However, many countries (such as the United Kingdom, France, Germany, etc.) were forced to institute new lockdown orders once again to stem the spread of the virus. Meanwhile, developed markets continued their struggle to approve, acquire, and administer vaccines from pharmaceutical companies like Pfizer, Moderna, Johnson & Johnson, and AstraZeneca. To date, the inoculation campaign is lagging the U.S. inoculation campaign, but progress is being made. PMIs continued their recovery, with composite and service readings hovering around the 50-level, signaling that the economy is still on soft footing but in much better position than it was during the onset of the pandemic. Returning 3.48% in USD terms for the quarter ended March 31, 2021, developed equity markets lagged the U.S. once again during the quarter but managed to outperform emerging markets.
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.
| 2 | WisdomTree Trust |
Table of Contents
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 October 1, 2020 to March 31, 2021. 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 182/365 (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.
| WisdomTree Trust | 3 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Europe Hedged Equity Fund (HEDJ)
Sector Breakdown†
| Sector | % of Net Assets | |||
Materials | 23.2% | |||
Industrials | 19.1% | |||
Consumer Staples | 18.1% | |||
Information Technology | 11.7% | |||
Consumer Discretionary | 11.6% | |||
Health Care | 9.6% | |||
Communication Services | 3.8% | |||
Financials | 1.3% | |||
Energy | 0.9% | |||
Utilities | 0.3% | |||
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 less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Linde PLC | 6.7% | |||
Unilever PLC | 6.1% | |||
ASML Holding N.V. | 5.6% | |||
BASF SE | 3.8% | |||
L’Oreal S.A. | 3.6% | |||
LVMH Moet Hennessy Louis Vuitton SE | 3.6% | |||
Siemens AG, Registered Shares | 3.5% | |||
Kone Oyj, Class B | 3.5% | |||
Koninklijke Ahold Delhaize N.V. | 3.4% | |||
Deutsche Telekom AG, Registered Shares | 3.3% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index (the “Index”). In seeking to track the Index, the Fund invests in European dividend-paying companies while at the same time hedging exposure to the fluctuations of the value of the euro 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 44.22% for the fiscal year ended March 31, 2021. The Fund’s positions within Consumer Discretionary, Information Technology as well as Communication Services sectors had a strong positive impact on returns. Additionally, its overweight position in the Materials sector had further positive impact. Overweights to the Consumer Staples sector and security selection within the Financials sector detracted from performance. Overall, the Fund’s German equity positions had the greatest positive impact on performance for the year. In general, equities experienced a recovery from the significant drop in asset prices in the first quarter of calendar year 2020 due to the COVID-19 pandemic, which resulted in the high level of cumulative returns for the fiscal year. The Fund’s use of forward foreign currency contracts to hedge euro currency exposure detracted from performance due to the overall depreciation of the U.S. dollar against the euro during the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,182.90 | 0.58 | % | $ | 3.16 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 44.22 | % | 7.62 | % | 9.57 | % | 8.04 | % | ||||||||
Fund Market Price Returns | 46.58 | % | 7.63 | % | 9.70 | % | 7.99 | % | ||||||||
WisdomTree DEFA International Hedged Equity/Europe Hedged Equity Spliced Index1 | 45.23 | % | 8.08 | % | 10.07 | % | 8.47 | % | ||||||||
MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index2 | 44.01 | % | 6.69 | % | 8.24 | % | 7.19 | % | ||||||||
| 1 | WisdomTree DEFA International Hedged Equity Index prior to August 29, 2012; WisdomTree Europe Hedged Equity Index thereafter. |
| 2 | MSCI EAFE Local Currency Index prior to August 29, 2012; MSCI EMU Local Currency Index thereafter. |
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.
| 4 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 16.2% | |||
Utilities | 14.5% | |||
Real Estate | 13.1% | |||
Financials | 11.6% | |||
Materials | 9.6% | |||
Information Technology | 8.7% | |||
Communication Services | 8.2% | |||
Consumer Discretionary | 5.1% | |||
Consumer Staples | 4.9% | |||
Energy | 3.8% | |||
Health Care | 3.6% | |||
Other Assets less Liabilities‡ | 0.7% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
ASM International N.V. | 3.0% | |||
Mediobanca Banca di Credito Finanziario SpA | 2.9% | |||
Covivio | 2.8% | |||
ASR Nederland N.V. | 2.5% | |||
Proximus SADP | 2.3% | |||
Italgas SpA | 2.2% | |||
A2A SpA | 2.1% | |||
Enagas S.A. | 1.8% | |||
Valmet Oyj | 1.7% | |||
METRO AG | 1.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Hedged SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in European small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the euro 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 50.50% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The top performing sector exposures were Real Estate and Information Technology, while the Fund’s positions in the Industrials and Utilities sectors detracted from performance. The Fund’s position in Italy positively contributed to performance while its positions in Finland and the Netherlands negatively impacted performance attribution during the fiscal year. Additionally, the Fund’s focus on small-cap companies benefited performance, while its focus on dividend paying companies detracted from performance. The euro also appreciated by 6.3% against the U.S. dollar during the fiscal year, which served as a headwind for total returns vs. unhedged benchmarks. As a result, the Fund’s use of forward foreign currency contracts to hedge euro currency exposure detracted from performance due to the overall depreciation of the U.S. dollar against the euro during the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,250.30 | 0.58 | % | $ | 3.25 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 50.50 | % | 6.74 | % | 10.20 | % | 8.38 | % | ||||||||
Fund Market Price Returns | 53.62 | % | 6.75 | % | 10.23 | % | 8.22 | % | ||||||||
WisdomTree Europe Hedged SmallCap Equity Index | 51.39 | % | 6.88 | % | 10.37 | % | 8.52 | % | ||||||||
MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index | 61.57 | % | 7.96 | % | 10.87 | % | 9.13 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on March 4, 2015. |
Performance is historical and does not guarantee future results. 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 | 5 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Germany Hedged Equity Fund (DXGE)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 17.6% | |||
Financials | 15.6% | |||
Consumer Discretionary | 14.6% | |||
Materials | 13.6% | |||
Health Care | 12.2% | |||
Information Technology | 8.6% | |||
Utilities | 7.1% | |||
Communication Services | 5.9% | |||
Consumer Staples | 3.2% | |||
Energy | 0.1% | |||
Real Estate | 0.1% | |||
Other Assets less Liabilities‡ | 1.4% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
BASF SE | 6.7% | |||
Allianz SE, Registered Shares | 6.6% | |||
Siemens AG, Registered Shares | 6.3% | |||
Deutsche Telekom AG, Registered Shares | 5.9% | |||
Bayer AG, Registered Shares | 5.8% | |||
Deutsche Post AG, Registered Shares | 5.3% | |||
SAP SE | 5.0% | |||
Bayerische Motoren Werke AG | 4.8% | |||
E.ON SE | 4.1% | |||
Volkswagen AG | 4.0% | |||
| * | 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 Germany Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Germany Hedged Equity Index (the “Index”). In seeking to track the Index, the Fund invests in German dividend-paying companies with an exporter tilt while at the same time hedging exposure to fluctuations of the value of the euro 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 58.59% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s position in the Information Technology sector contributed the most positively to performance while its position in the Health Care sector contributed the least positively to performance. Germany, like virtually every global economy, initially was hit hard during the global sell-off induced by the ongoing COVID-19 pandemic. Subsequently, after market lows were established at the end of March 2020, Germany’s economy and markets recovered alongside the global economy. Consequently, Germany equities rallied in the fiscal year and the U.S. dollar weakened significantly during the fiscal year, which served as a headwind to returns vs. unhedged benchmarks. The Fund’s use of forward foreign currency contracts to hedge euro currency exposure detracted from performance due to the overall depreciation of the U.S. dollar against the euro during the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,227.90 | 0.48 | % | $ | 2.67 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 58.59 | % | 7.25 | % | 9.80 | % | 8.38 | % | ||||||||
Fund Market Price Returns | 61.30 | % | 7.21 | % | 9.97 | % | 8.28 | % | ||||||||
WisdomTree Germany Hedged Equity Index | 59.68 | % | 7.51 | % | 10.06 | % | 8.61 | % | ||||||||
MSCI Germany Local Currency Index | 48.70 | % | 5.85 | % | 7.36 | % | 6.56 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on October 17, 2013. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 6 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
Sector Breakdown†
| Sector | % of Net Assets | |||
Materials | 21.5% | |||
Health Care | 17.4% | |||
Industrials | 13.6% | |||
Information Technology | 12.9% | |||
Consumer Discretionary | 11.5% | |||
Consumer Staples | 8.2% | |||
Communication Services | 4.4% | |||
Financials | 4.4% | |||
Real Estate | 2.6% | |||
Energy | 1.2% | |||
Utilities | 0.9% | |||
Investment Company | 0.2% | |||
Other Assets less Liabilities‡ | 1.2% | |||
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 less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Rio Tinto PLC | 6.5% | |||
BHP Group Ltd. | 5.8% | |||
Unilever PLC | 5.7% | |||
LVMH Moet Hennessy Louis Vuitton SE | 4.6% | |||
SoftBank Corp. | 4.1% | |||
GlaxoSmithKline PLC | 3.6% | |||
Roche Holding AG, Genusschein | 3.5% | |||
Linde PLC | 3.1% | |||
SAP SE | 3.0% | |||
ASML Holding N.V. | 2.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Hedged Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Hedged Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the developed world, excluding U.S. and Canada, while at the same time 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 37.85% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s positions in Japan and Switzerland contributed positively to performance while its positions in Denmark and Germany weighed negatively on performance. Global equity markets rebounded strongly during the recovery from the COVID-19 pandemic, with developed equity markets benefiting due to the prominence of cyclical and value-oriented equities within their economies. Additionally, the Fund’s significant overweight to higher quality companies proved to be a source of outperformance when compared to companies with low quality (based on return-on-equity). Much of this quality outperformance came from optimistic investors who still maintained some risk-aversion by allocating to companies with strong balance sheets and high return-on-equity, in case the volatility continued. The currency hedge component of the Fund weighed negatively on performance, however, as the U.S. dollar weakened over the fiscal year relative to developed market local currencies.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,140.90 | 0.58 | % | $ | 3.10 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 37.85 | % | 12.09 | % | 11.66 | % | 9.94 | % | ||||||||
Fund Market Price Returns | 39.61 | % | 11.99 | % | 11.80 | % | 9.87 | % | ||||||||
WisdomTree International Hedged Quality Dividend Growth Index | 38.51 | % | 12.65 | % | 12.37 | % | 10.62 | % | ||||||||
MSCI EAFE Local Currency Index | 36.56 | % | 7.07 | % | 8.82 | % | 6.97 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 7 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Japan Hedged Equity Fund (DXJ)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 19.2% | |||
Consumer Discretionary | 17.3% | |||
Financials | 15.5% | |||
Information Technology | 13.1% | |||
Health Care | 10.3% | |||
Materials | 8.2% | |||
Consumer Staples | 8.2% | |||
Communication Services | 4.4% | |||
Energy | 2.0% | |||
Utilities | 0.2% | |||
Other Assets less Liabilities‡ | 1.6% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Toyota Motor Corp. | 4.9% | |||
Mitsubishi UFJ Financial Group, Inc. | 4.5% | |||
Sumitomo Mitsui Financial Group, Inc. | 3.4% | |||
Takeda Pharmaceutical Co., Ltd. | 3.1% | |||
Japan Tobacco, Inc. | 3.0% | |||
ITOCHU Corp. | 2.7% | |||
Mitsubishi Corp. | 2.5% | |||
Nintendo Co., Ltd. | 2.4% | |||
Tokyo Electron Ltd. | 2.4% | |||
Mizuho Financial Group, Inc. | 2.2% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Japan Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index (the “Index”). The Fund seeks to provide Japanese equity returns while mitigating or ‘‘hedging’’ against fluctuations between the value of the Japanese yen and the U.S. dollar. In seeking to track the Index, the Fund invests in Japanese dividend-paying companies with an exporter tilt while at the same time hedging exposure to fluctuations of the value of the Japanese yen 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 46.97% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. During the fiscal year, the Fund benefited the most from its positions in the Industrials and Financials sectors, which were both a result of allocation and stock selection effects. The Fund’s positions in the Consumer Discretionary and Health Care sectors were the only material detractors, primarily due to stock selection. In terms of dividend yield quintiles, since dividends are a key component of the Fund’s investment strategy, performance was aided the most by the third and fourth quintiles, representing those companies with more modest dividend yields. The avoidance of companies that do not pay dividends, along with a modest position within low-dividend yield companies, weighed on Fund performance during the fiscal year. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the U.S. dollar strengthening against the Japanese yen during the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,270.40 | 0.48 | % | $ | 2.72 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 46.97 | % | 6.05 | % | 9.53 | % | 8.96 | % | ||||||||
Fund Market Price Returns | 50.44 | % | 5.89 | % | 9.79 | % | 9.05 | % | ||||||||
WisdomTree Japan Hedged Equity Index | 47.63 | % | 6.29 | % | 10.18 | % | 9.56 | % | ||||||||
MSCI Japan Local Currency Index | 43.03 | % | 7.68 | % | 10.10 | % | 10.33 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 8 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 25.7% | |||
Consumer Discretionary | 15.7% | |||
Materials | 14.4% | |||
Financials | 11.7% | |||
Information Technology | 10.2% | |||
Consumer Staples | 6.8% | |||
Health Care | 4.7% | |||
Communication Services | 2.9% | |||
Real Estate | 2.5% | |||
Utilities | 2.2% | |||
Energy | 1.4% | |||
Other Assets less Liabilities‡ | 1.8% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Seven Bank Ltd. | 0.8% | |||
Electric Power Development Co., Ltd. | 0.8% | |||
JTEKT Corp. | 0.7% | |||
Sojitz Corp. | 0.7% | |||
Mebuki Financial Group, Inc. | 0.7% | |||
Nippon Yusen K.K. | 0.6% | |||
Denka Co., Ltd. | 0.6% | |||
AEON Financial Service Co., Ltd. | 0.6% | |||
Yokohama Rubber Co., Ltd. (The) | 0.6% | |||
Nippon Electric Glass Co., Ltd. | 0.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Japan Hedged SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in Japanese small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the Japanese yen 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 36.31% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. During the fiscal year, the Fund benefited the most from its position in the Consumer Staples sector whereas its position in the Information Technology sector contributed the most negatively to performance. Japan’s ability to curb the pandemic early on, compared to other developed countries, contributed positively to the Fund’s performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the U.S. dollar strengthening against the Japanese yen during the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,158.90 | 0.58 | % | $ | 3.12 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 36.31 | % | 3.21 | % | 9.80 | % | 10.37 | % | ||||||||
Fund Market Price Returns | 39.28 | % | 2.92 | % | 9.97 | % | 10.30 | % | ||||||||
WisdomTree Japan Hedged SmallCap Equity Index | 37.41 | % | 3.50 | % | 10.49 | % | 11.22 | % | ||||||||
MSCI Japan Small Cap Local Currency Index | 41.25 | % | 3.95 | % | 9.25 | % | 10.79 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on June 28, 2013. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 9 |
Table of Contents
Description of Terms and Indexes (unaudited)
Below are descriptions of certain terms and of each Index referenced in this report:
Growth is generally characterized by higher price levels relative to fundamentals, such as
dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.
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, calculated in local currency.
The MSCI European Economic and Monetary Union (EMU) Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the developed market countries within the EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.
The MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index is a free float-adjusted market capitalization weighted index that captures small cap representation across the 10 Developed Market countries in the EMU and is calculated in local currency.
The MSCI Germany Local Currency Index is a capitalization weighted index that measures the performance of the Germany equity market and provides local currency returns, which are not translated back to U.S. dollars.
The MSCI Japan Index is a capitalization weighted index that is comprised of stocks in Japan.
The MSCI Japan Local Currency Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan and calculated in local currency.
The MSCI Japan Small Cap Local Currency Index is a free float-adjusted market
capitalization index that is designed to measure the performance of small cap stocks within Japan and calculated in local currency.
Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.
Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.
The WisdomTree DEFA International Hedged Equity Index is a dividend weighted index designed to provide exposure to developed world, non-U.S. equity securities while at the same time neutralizing exposure to fluctuations between the value of the U.S. dollar and non-U.S. currencies reflected in the index. This index is based on the WisdomTree International Equity Index.
The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations
between the Euro and the U.S. dollar.
The WisdomTree Europe Hedged SmallCap Equity Index is designed to provide exposure to the European equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to U.S. dollar.
The WisdomTree Germany Hedged Equity Index is designed to provide exposure to Germany equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to the U.S. dollar. In this sense, the Index “hedges” against fluctuations in the relative value of the Euro against the U.S. dollar.
The WisdomTree International Hedged Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar.
| 10 | WisdomTree Trust |
Table of Contents
Description of Terms and Indexes (unaudited) (continued)
The WisdomTree Japan Hedged Equity Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.
The WisdomTree Japan Hedged SmallCap Equity Index is designed to provide exposure to the small-capitalization segment of the Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
* * * * * *
| WisdomTree Trust | 11 |
Table of Contents
Description of Terms and Indexes (unaudited) (concluded)
Abbreviations used in the schedules of investments and related tables included in this report are as follows:
| Currency abbreviations: | ||
| AUD | Australian dollar | |
| CHF | Swiss franc | |
| DKK | Danish krone | |
| EUR | Euro | |
| GBP | British pound | |
| HKD | Hong Kong dollar | |
| ILS | Israeli new shekel | |
| JPY | Japanese yen | |
| NOK | Norwegian krone | |
| NZD | New Zealand dollar | |
| SEK | Swedish krona | |
| SGD | Singapore dollar | |
| USD | U.S. dollar | |
| Other abbreviations: | ||||||
| CVA | Certificaten Van Aandelen (Certificate of Stock) | |||||
| RSP | Risparmio Italian Savings Shares | |||||
| 12 | WisdomTree Trust |
Table of Contents
WisdomTree Europe Hedged Equity Fund (HEDJ)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% |
| |||||||
| Austria – 0.2% |
| |||||||
Andritz AG(a) | 86,657 | $ | 3,904,849 | |||||
| Belgium – 3.3% |
| |||||||
Barco N.V. | 132,193 | 3,108,881 | ||||||
Bekaert S.A. | 57,260 | 2,401,180 | ||||||
Fagron | 22,360 | 497,474 | ||||||
Melexis N.V. | 40,864 | 4,334,476 | ||||||
Solvay S.A.(a) | 279,695 | 34,910,635 | ||||||
UCB S.A. | 136,794 | 13,041,980 | ||||||
Umicore S.A. | 91,326 | 4,854,780 | ||||||
|
| |||||||
| Total Belgium |
| 63,149,406 | ||||||
| Finland – 6.5% |
| |||||||
Cargotec Oyj, Class B(a) | 116,168 | 6,294,134 | ||||||
Fiskars Oyj Abp | 63,949 | 1,192,025 | ||||||
Huhtamaki Oyj | 169,479 | 7,680,712 | ||||||
Kemira Oyj | 303,089 | 4,662,924 | ||||||
Kone Oyj, Class B | 822,409 | 67,331,742 | ||||||
Konecranes Oyj(a) | 181,095 | 8,087,952 | ||||||
Metso Outotec Oyj | 181,695 | 2,029,755 | ||||||
Neles Oyj(a) | 901,214 | 11,471,096 | ||||||
Revenio Group Oyj | 18,274 | 1,086,758 | ||||||
Valmet Oyj(a) | 440,528 | 16,055,499 | ||||||
|
| |||||||
| Total Finland |
| 125,892,597 | ||||||
| France – 24.1% |
| |||||||
Air Liquide S.A. | 262,951 | 43,050,130 | ||||||
Arkema S.A. | 34,859 | 4,234,225 | ||||||
BioMerieux(a) | 4,192 | 534,564 | ||||||
Cie Generale des Etablissements Michelin SCA(a) | 68,725 | 10,310,604 | ||||||
Danone S.A. | 528,734 | 36,353,115 | ||||||
Dassault Systemes SE | 21,437 | 4,595,549 | ||||||
Gaztransport Et Technigaz S.A. | 26,559 | 2,122,605 | ||||||
Hermes International(a) | 15,538 | 17,239,142 | ||||||
Imerys S.A. | 94,176 | 4,595,641 | ||||||
IPSOS | 15,143 | 573,081 | ||||||
Kering S.A.(a) | 33,323 | 23,052,227 | ||||||
L’Oreal S.A. | 181,917 | 69,872,110 | ||||||
Legrand S.A. | 95,810 | 8,931,863 | ||||||
LVMH Moet Hennessy Louis Vuitton SE(a) | 104,512 | 69,781,368 | ||||||
Pernod Ricard S.A. | 101,702 | 19,130,825 | ||||||
Publicis Groupe S.A. | 161,239 | 9,861,794 | ||||||
Remy Cointreau S.A.(a) | 5,530 | 1,023,656 | ||||||
Rubis SCA | 108,488 | 5,151,238 | ||||||
Sanofi | 642,004 | 63,570,580 | ||||||
Sartorius Stedim Biotech(a) | 2,354 | 971,649 | ||||||
Schneider Electric SE | 371,922 | 56,934,843 | ||||||
SEB S.A. | 10,235 | 1,809,190 | ||||||
Societe BIC S.A.(a) | 47,980 | 2,815,032 | ||||||
Teleperformance | 9,613 | 3,511,466 | ||||||
Vicat S.A. | 47,939 | 2,332,587 | ||||||
Wendel SE(a) | 29,497 | 3,671,321 | ||||||
|
| |||||||
| Total France |
| 466,030,405 | ||||||
| Germany – 27.2% |
| |||||||
BASF SE | 888,350 | 73,962,433 | ||||||
Bayer AG, Registered Shares | 957,255 | 60,708,306 | ||||||
Bayerische Motoren Werke AG | 367,388 | 38,200,542 | ||||||
Beiersdorf AG | 27,065 | 2,866,034 | ||||||
Brenntag SE | 73,538 | 6,292,044 | ||||||
Continental AG | 93,537 | 12,389,560 | ||||||
Covestro AG(b) | 78,062 | 5,260,729 | ||||||
Daimler AG, Registered Shares | 308,223 | 27,534,951 | ||||||
Deutsche Telekom AG, Registered Shares | 3,157,748 | 63,723,011 | ||||||
Duerr AG(a) | 32,891 | 1,372,315 | ||||||
Eckert & Ziegler Strahlen-und Medizintechnik AG | 3,195 | 255,533 | ||||||
Evonik Industries AG | 363,743 | 12,893,609 | ||||||
Fresenius Medical Care AG & Co. KGaA | 115,008 | 8,477,789 | ||||||
Fresenius SE & Co. KGaA | 203,415 | 9,080,013 | ||||||
GEA Group AG | 38,355 | 1,575,497 | ||||||
Hannover Rueck SE | 75,239 | 13,777,138 | ||||||
Hapag-Lloyd AG(b) | 50,885 | 7,918,197 | ||||||
HeidelbergCement AG | 33,403 | 3,040,965 | ||||||
Henkel AG & Co. KGaA | 85,445 | 8,480,761 | ||||||
Infineon Technologies AG | 204,762 | 8,700,942 | ||||||
Knorr-Bremse AG | 62,090 | 7,765,929 | ||||||
Krones AG | 6,210 | 505,064 | ||||||
LANXESS AG | 25,781 | 1,904,683 | ||||||
Merck KGaA | 17,726 | 3,037,504 | ||||||
SAP SE | 446,921 | 54,848,276 | ||||||
Siemens AG, Registered Shares | 416,496 | 68,531,052 | ||||||
Siemens Healthineers AG(b) | 306,643 | 16,650,357 | ||||||
Siltronic AG* | 15,045 | 2,431,327 | ||||||
Software AG | 25,809 | 1,090,179 | ||||||
Symrise AG | 24,966 | 3,034,017 | ||||||
Wacker Chemie AG | 4,227 | 602,866 | ||||||
|
| |||||||
| Total Germany |
| 526,911,623 | ||||||
| Ireland – 3.5% |
| |||||||
CRH PLC | 1,098,520 | 51,604,865 | ||||||
Glanbia PLC | 503,387 | 7,519,623 | ||||||
Kerry Group PLC, Class A | 69,927 | 8,769,157 | ||||||
|
| |||||||
| Total Ireland |
| 67,893,645 | ||||||
| Italy – 1.1% |
| |||||||
Carel Industries SpA(b) | 39,330 | 802,458 | ||||||
Davide Campari-Milano N.V.(a) | 288,231 | 3,235,814 | ||||||
Ferrari N.V.(a) | 77,452 | 16,235,074 | ||||||
Reply SpA | 15,520 | 1,968,166 | ||||||
|
| |||||||
| Total Italy |
| 22,241,512 | ||||||
| Netherlands – 16.1% |
| |||||||
Akzo Nobel N.V. | 255,936 | 28,660,361 | ||||||
ASM International N.V. | 70,565 | 20,567,881 | ||||||
ASML Holding N.V. | 178,077 | 108,204,893 | ||||||
BE Semiconductor Industries N.V. | 83,351 | 6,998,433 | ||||||
Corbion N.V. | 30,171 | 1,684,348 | ||||||
EXOR N.V. | 84,130 | 7,113,279 | ||||||
IMCD N.V. | 25,289 | 3,522,074 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 13 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Hedged Equity Fund (HEDJ)
March 31, 2021
| Investments | Shares | Value | ||||||
Koninklijke Ahold Delhaize N.V. | 2,385,988 | $ | 66,600,946 | |||||
Koninklijke DSM N.V. | 173,355 | 29,400,264 | ||||||
Koninklijke Vopak N.V. | 177,781 | 8,869,754 | ||||||
SBM Offshore N.V.(a) | 379,336 | 6,963,918 | ||||||
Wolters Kluwer N.V. | 266,629 | 23,226,904 | ||||||
|
| |||||||
| Total Netherlands |
| 311,813,055 | ||||||
| Spain – 4.4% |
| |||||||
ACS Actividades de Construccion y Servicios S.A. | 1,534,647 | 50,971,707 | ||||||
Cie Automotive S.A. | 294,489 | 7,725,237 | ||||||
Grifols S.A.(a) | 321,308 | 8,432,548 | ||||||
Prosegur Cash S.A.(b) | 4,969,929 | 4,538,577 | ||||||
Prosegur Cia de Seguridad S.A. | 1,855,623 | 5,910,273 | ||||||
Viscofan S.A. | 102,835 | 7,118,767 | ||||||
|
| |||||||
| Total Spain |
| 84,697,109 | ||||||
| Switzerland – 0.4% |
| |||||||
STMicroelectronics N.V.(a) | 223,261 | 8,533,200 | ||||||
| United Kingdom – 12.8% |
| |||||||
Linde PLC | 461,657 | 129,623,607 | ||||||
Unilever PLC | 2,129,015 | 119,056,110 | ||||||
|
| |||||||
| Total United Kingdom |
| 248,679,717 | ||||||
TOTAL COMMON STOCKS (Cost: $1,622,122,867) |
| 1,929,747,118 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8% |
| |||||||
| United States – 2.8% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $53,738,416) | 53,738,416 | 53,738,416 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.4% (Cost: $1,675,861,283) |
| 1,983,485,534 | ||||||
Other Assets less Liabilities – (2.4)% |
| (45,817,582 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 1,937,667,952 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $72,564,979 and the total market value of the collateral held by the Fund was $76,930,234. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $23,191,818. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 8,519,087 | EUR | 10,169,106 | USD | $ | — | $ | (156,421 | ) | ||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 107,609,585 | EUR | 126,469,779 | USD | 6,319 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 131,452,641 | USD | 108,214,275 | EUR | 4,265,837 | — | |||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 135,629,233 | USD | 115,338,336 | EUR | — | (9,236 | ) | ||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 107,605,740 | EUR | 126,469,779 | USD | 1,799 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 131,452,641 | USD | 108,210,890 | EUR | 4,269,816 | — | |||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 135,629,233 | USD | 115,334,707 | EUR | — | (4,968 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 107,609,127 | EUR | 126,469,779 | USD | 5,781 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 131,452,641 | USD | 108,214,631 | EUR | 4,265,418 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 135,629,233 | USD | 115,338,827 | EUR | — | (9,813 | ) | ||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 107,604,366 | EUR | 126,469,779 | USD | 185 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 131,452,641 | USD | 108,211,335 | EUR | 4,269,292 | — | |||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 135,629,233 | USD | 115,335,688 | EUR | — | (6,122 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 4/7/2021 | 11,377,359 | EUR | 13,558,808 | USD | — | (186,728 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 4/7/2021 | 107,609,585 | EUR | 126,469,779 | USD | 6,319 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 135,629,233 | USD | 115,338,532 | EUR | — | (9,467 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 107,604,000 | EUR | 126,469,779 | USD | — | (245 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 131,452,641 | USD | 108,214,898 | EUR | 4,265,104 | �� | — | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 135,629,233 | USD | 115,343,633 | EUR | — | (15,465 | ) | ||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 107,606,289 | EUR | 126,469,779 | USD | 2,445 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 131,452,641 | USD | 108,210,355 | EUR | 4,270,444 | — | |||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 135,629,233 | USD | 115,333,726 | EUR | — | (3,815 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 107,605,373 | EUR | 126,469,779 | USD | 1,369 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 131,452,641 | USD | 108,210,088 | EUR | 4,270,758 | — | |||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 135,629,233 | USD | 115,334,413 | EUR | — | (4,622 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| 14 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Hedged Equity Fund (HEDJ)
March 31, 2021
| 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 | |||||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/1/2021 | 832,426 | USD | 710,000 | EUR | $ | — | $ | (2,037 | ) | ||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 107,606,106 | EUR | 126,469,779 | USD | 2,230 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 131,452,641 | USD | 108,212,048 | EUR | 4,268,454 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 135,629,233 | USD | 115,335,786 | EUR | — | (6,237 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 107,606,381 | EUR | 126,469,779 | USD | 2,552 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 131,452,641 | USD | 108,219,086 | EUR | 4,260,183 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 135,629,233 | USD | 115,335,884 | EUR | — | (6,353 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 138,348,127 | EUR | 162,604,012 | USD | — | (177 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 169,010,547 | USD | 139,127,378 | EUR | 5,490,840 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 131,452,641 | USD | 108,210,177 | EUR | 4,270,653 | — | |||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 174,380,452 | USD | 148,286,480 | EUR | — | (5,202 | ) | ||||||||||||||||||||
Societe Generale | 4/7/2021 | 107,606,838 | EUR | 126,469,779 | USD | 3,090 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 131,452,641 | USD | 108,211,959 | EUR | 4,268,559 | — | |||||||||||||||||||||
Societe Generale | 5/5/2021 | 135,629,233 | USD | 115,337,355 | EUR | — | (8,083 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 107,601,803 | EUR | 126,469,779 | USD | — | (2,828 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 131,452,641 | USD | 108,216,235 | EUR | 4,263,533 | — | |||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 135,629,233 | USD | 115,342,848 | EUR | — | (14,542 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 39,344,880 | EUR | 47,455,827 | USD | — | (1,212,856 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 107,603,817 | EUR | 126,469,779 | USD | — | (461 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 131,452,641 | USD | 108,212,404 | EUR | 4,268,036 | — | |||||||||||||||||||||
UBS AG | 5/5/2021 | 135,629,233 | USD | 115,336,080 | EUR | — | (6,583 | ) | ||||||||||||||||||||
| $ | 60,999,016 | $ | (1,672,261 | ) | ||||||||||||||||||||||||
| FAIR VALUATION SUMMARY | ||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 1,929,747,118 | $ | — | $ | — | $ | 1,929,747,118 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 53,738,416 | — | 53,738,416 | ||||||||||||
Total Investments in Securities | $ | 1,929,747,118 | $ | 53,738,416 | $ | — | $ | 1,983,485,534 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 60,999,016 | $ | — | $ | 60,999,016 | ||||||||
Liabilities: |
| |||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (1,672,261 | ) | $ | — | $ | (1,672,261 | ) | ||||||
Total – Net | $ | 1,929,747,118 | $ | 113,065,171 | $ | — | $ | 2,042,812,289 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 15 |
Table of Contents
Schedule of Investments
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.3% |
| |||||||
| Austria – 4.4% |
| |||||||
Andritz AG | 3,363 | $ | 151,540 | |||||
AT&S Austria Technologie & Systemtechnik AG | 1,199 | 43,121 | ||||||
CA Immobilien Anlagen AG | 8,278 | 351,221 | ||||||
Oesterreichische Post AG(a) | 6,789 | 297,621 | ||||||
Schoeller-Bleckmann Oilfield Equipment AG | 1,808 | 81,279 | ||||||
Telekom Austria AG | 7,068 | 55,823 | ||||||
UNIQA Insurance Group AG | 22,709 | 170,815 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 5,618 | 145,923 | ||||||
Voestalpine AG | 2,919 | 121,207 | ||||||
Wienerberger AG | 6,338 | 232,410 | ||||||
|
| |||||||
| Total Austria |
| 1,650,960 | ||||||
| Belgium – 11.6% |
| |||||||
Aedifica S.A. | 2,563 | 294,602 | ||||||
Barco N.V. | 5,267 | 123,868 | ||||||
Bekaert S.A. | 2,246 | 94,185 | ||||||
Cofinimmo S.A. | 3,667 | 535,280 | ||||||
D’ieteren S.A./N.V. | 2,470 | 242,400 | ||||||
Elia Group S.A./N.V. | 2,709 | 298,967 | ||||||
Euronav N.V. | 60,336 | 553,475 | ||||||
Fagron | 860 | 19,134 | ||||||
Intervest Offices & Warehouses N.V. | 2,202 | 54,736 | ||||||
Melexis N.V. | 1,615 | 171,304 | ||||||
Orange Belgium S.A. | 4,101 | 110,376 | ||||||
Proximus SADP | 39,025 | 851,274 | ||||||
Recticel S.A. | 3,157 | 46,084 | ||||||
Telenet Group Holding N.V. | 11,112 | 451,612 | ||||||
Warehouses De Pauw CVA | 13,651 | 452,120 | ||||||
Xior Student Housing N.V. | 589 | 31,498 | ||||||
|
| |||||||
| Total Belgium |
| 4,330,915 | ||||||
| Denmark – 0.2% |
| |||||||
| Cementir Holding N.V. | 7,378 | 75,874 | ||||||
| Finland – 12.9% |
| |||||||
Altia Oyj | 2,259 | 28,249 | ||||||
Cargotec Oyj, Class B(a) | 4,625 | 250,589 | ||||||
Huhtamaki Oyj | 6,710 | 304,094 | ||||||
Kamux Corp. | 1,518 | 23,336 | ||||||
Kemira Oyj | 12,136 | 186,708 | ||||||
Kojamo Oyj | 14,142 | 277,240 | ||||||
Konecranes Oyj | 7,205 | 321,785 | ||||||
Lassila & Tikanoja Oyj | 1,925 | 31,629 | ||||||
Metsa Board Oyj | 30,851 | 336,848 | ||||||
Metso Outotec Oyj | 6,055 | 67,642 | ||||||
Neles Oyj | 35,797 | 455,642 | ||||||
Nokian Renkaat Oyj(a) | 8,034 | 291,580 | ||||||
Oriola Oyj, Class B | 13,350 | 32,165 | ||||||
Orion Oyj, Class B(a) | 12,327 | 495,052 | ||||||
Raisio Oyj, Class V | 9,451 | 43,487 | ||||||
Revenio Group Oyj | 691 | 41,094 | ||||||
Rovio Entertainment Oyj(a)(b) | 3,856 | 30,070 | ||||||
Sanoma Oyj | 5,332 | 89,739 | ||||||
Talenom Oyj | 1,406 | 17,681 | ||||||
Terveystalo Oyj(b) | 4,952 | 68,910 | ||||||
TietoEVRY Oyj | 6,634 | 205,995 | ||||||
Tikkurila Oyj | 3,589 | 142,784 | ||||||
Tokmanni Group Corp. | 2,902 | 68,214 | ||||||
Uponor Oyj | 7,208 | 160,282 | ||||||
Valmet Oyj | 17,507 | 638,061 | ||||||
Verkkokauppa.com Oyj | 5,531 | 57,335 | ||||||
YIT Oyj(a) | 25,694 | 136,918 | ||||||
|
| |||||||
| Total Finland |
| 4,803,129 | ||||||
| France – 12.5% |
| |||||||
ABC Arbitrage | 2,564 | 21,848 | ||||||
Albioma S.A. | 1,510 | 74,183 | ||||||
Chargeurs S.A.(a) | 1,354 | 36,760 | ||||||
Cie Plastic Omnium S.A. | 7,466 | 274,124 | ||||||
Covivio | 12,099 | 1,038,056 | ||||||
Derichebourg S.A.* | 14,136 | 115,883 | ||||||
Gaztransport Et Technigaz S.A. | 2,953 | 236,005 | ||||||
Imerys S.A. | 10,060 | 490,912 | ||||||
IPSOS | 1,880 | 71,148 | ||||||
Kaufman & Broad S.A. | 2,528 | 109,487 | ||||||
Nexity S.A. | 9,624 | 475,971 | ||||||
Quadient S.A. | 2,213 | 53,319 | ||||||
Rubis SCA | 12,309 | 584,457 | ||||||
Societe BIC S.A. | 5,538 | 324,920 | ||||||
Trigano S.A. | 1,036 | 194,087 | ||||||
Vicat S.A. | 3,260 | 158,623 | ||||||
Wendel SE | 3,285 | 408,865 | ||||||
|
| |||||||
| Total France |
| 4,668,648 | ||||||
| Germany – 14.4% |
| |||||||
1&1 Drillisch AG | 928 | 26,144 | ||||||
alstria office REIT-AG | 16,877 | 273,334 | ||||||
Aurubis AG | 2,903 | 241,016 | ||||||
Bechtle AG | 1,022 | 192,065 | ||||||
Bilfinger SE | 702 | 25,725 | ||||||
CANCOM SE | 1,103 | 63,703 | ||||||
CompuGroup Medical SE & Co. KgaA | 711 | 60,208 | ||||||
CropEnergies AG | 6,882 | 96,576 | ||||||
Dermapharm Holding SE | 3,055 | 219,059 | ||||||
DIC Asset AG | 10,825 | 188,040 | ||||||
Duerr AG | 4,372 | 182,414 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 422 | 33,751 | ||||||
Elmos Semiconductor SE | 1,122 | 47,209 | ||||||
Encavis AG | 6,246 | 118,776 | ||||||
Freenet AG | 585 | 14,033 | ||||||
Fuchs Petrolub SE | 1,953 | 78,731 | ||||||
GEA Group AG | 5,225 | 214,626 | ||||||
Gerresheimer AG | 859 | 85,512 | ||||||
GFT Technologies SE | 1,799 | 33,449 | ||||||
GRENKE AG(a) | 2,352 | 89,287 | ||||||
Hamborner REIT AG | 9,419 | 99,797 | ||||||
Hamburger Hafen und Logistik AG | 6,673 | 148,072 | ||||||
Hornbach Baumarkt AG | 1,859 | 78,328 | ||||||
See Notes to Financial Statements.
| 16 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
March 31, 2021
| Investments | Shares | Value | ||||||
Hornbach Holding AG & Co. KGaA | 862 | $ | 84,291 | |||||
Indus Holding AG | 1,550 | 64,489 | ||||||
Jenoptik AG | 688 | 20,700 | ||||||
Krones AG | 946 | 76,939 | ||||||
LANXESS AG | 3,738 | 276,161 | ||||||
METRO AG | 57,359 | 607,400 | ||||||
MLP SE | 3,498 | 28,902 | ||||||
Nemetschek SE | 1,650 | 105,495 | ||||||
PATRIZIA AG | 2,762 | 70,117 | ||||||
Rheinmetall AG | 3,224 | 327,384 | ||||||
Siltronic AG* | 1,992 | 321,914 | ||||||
Software AG | 3,585 | 151,431 | ||||||
STRATEC SE | 225 | 30,464 | ||||||
Suedzucker AG | 6,484 | 110,118 | ||||||
TAG Immobilien AG* | 9,383 | 268,417 | ||||||
VERBIO Vereinigte BioEnergie AG | 2,025 | 87,345 | ||||||
Wacker Chemie AG | 622 | 88,711 | ||||||
Wuestenrot & Wuerttembergische AG | 1,800 | 37,614 | ||||||
|
| |||||||
| Total Germany |
| 5,367,747 | ||||||
| Ireland – 1.2% |
| |||||||
Glanbia PLC | 19,970 | 298,313 | ||||||
Hibernia REIT PLC | 60,890 | 79,007 | ||||||
Irish Continental Group PLC | 4,865 | 25,301 | ||||||
Total Produce PLC | 24,858 | 60,184 | ||||||
|
| |||||||
| Total Ireland |
| 462,805 | ||||||
| Italy – 20.2% |
| |||||||
A2A SpA | 438,097 | 799,117 | ||||||
ACEA SpA | 12,882 | 282,214 | ||||||
Alerion Cleanpower SpA(a) | 3,228 | 48,941 | ||||||
Anima Holding SpA(b) | 47,523 | 245,310 | ||||||
Ascopiave SpA | 14,272 | 65,502 | ||||||
Azimut Holding SpA | 19,407 | 443,294 | ||||||
Buzzi Unicem SpA | 3,465 | 90,285 | ||||||
Carel Industries SpA(b) | 1,441 | 29,401 | ||||||
Danieli & C. Officine Meccaniche SpA | 924 | 23,294 | ||||||
Danieli & C. Officine Meccaniche SpA, RSP | 1,568 | 24,068 | ||||||
Datalogic SpA | 3,573 | 73,153 | ||||||
Enav SpA(b) | 76,422 | 372,568 | ||||||
ERG SpA | 11,410 | 339,814 | ||||||
Falck Renewables SpA | 8,364 | 60,013 | ||||||
Fiera Milano SpA | 10,133 | 41,266 | ||||||
Hera SpA | 106,826 | 410,306 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 16,369 | 68,201 | ||||||
Interpump Group SpA | 1,672 | 84,460 | ||||||
Iren SpA | 120,106 | 332,574 | ||||||
Italgas SpA | 124,455 | 809,615 | ||||||
La Doria SpA | 921 | 19,484 | ||||||
Mediobanca Banca di Credito Finanziario SpA* | 98,980 | 1,100,027 | ||||||
Piaggio & C. SpA | 38,554 | 146,631 | ||||||
Prysmian SpA | 5,683 | 185,081 | ||||||
RAI Way SpA(b) | 19,333 | 109,293 | ||||||
Reply SpA | 621 | 78,752 | ||||||
SOL SpA | 3,266 | 64,295 | ||||||
Telecom Italia SpA | 1,009,803 | 547,362 | ||||||
Telecom Italia SpA, RSP | 1,041,202 | 600,114 | ||||||
Zignago Vetro SpA | 1,957 | 37,261 | ||||||
|
| |||||||
| Total Italy |
| 7,531,696 | ||||||
| Netherlands – 11.1% |
| |||||||
Aalberts N.V. | 5,889 | 299,002 | ||||||
ASM International N.V. | 3,842 | 1,119,844 | ||||||
ASR Nederland N.V. | 20,585 | 924,435 | ||||||
BE Semiconductor Industries N.V. | 4,556 | 382,537 | ||||||
Corbion N.V. | 1,625 | 90,718 | ||||||
Euronext N.V.(b) | 3,691 | 372,637 | ||||||
ForFarmers N.V. | 9,449 | 65,300 | ||||||
IMCD N.V. | 1,379 | 192,058 | ||||||
SBM Offshore N.V. | 20,641 | 378,931 | ||||||
TKH Group N.V., CVA | 4,721 | 227,048 | ||||||
Van Lanschot Kempen N.V. | 4,018 | 112,628 | ||||||
|
| |||||||
| Total Netherlands |
| 4,165,138 | ||||||
| Portugal – 1.8% |
| |||||||
Altri, SGPS, S.A. | 36,669 | 281,208 | ||||||
Corticeira Amorim, SGPS, S.A. | 3,727 | 44,329 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 38,826 | 108,605 | ||||||
Semapa-Sociedade de Investimento e Gestao | 3,084 | 42,770 | ||||||
Sonae, SGPS, S.A. | 206,742 | 189,163 | ||||||
|
| |||||||
| Total Portugal |
| 666,075 | ||||||
| Spain – 9.0% |
| |||||||
Acciona S.A. | 2,307 | 387,461 | ||||||
Almirall S.A. | 7,346 | 111,634 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 11,399 | 226,413 | ||||||
Cie Automotive S.A. | 11,698 | 306,870 | ||||||
Ebro Foods S.A.(a) | 5,973 | 123,413 | ||||||
Enagas S.A. | 31,674 | 689,434 | ||||||
Ercros S.A. | 5,931 | 17,810 | ||||||
Euskaltel S.A.(b) | 9,626 | 125,579 | ||||||
Faes Farma S.A. | 28,615 | 122,922 | ||||||
Global Dominion Access S.A.*(b) | 7,468 | 37,786 | ||||||
Grupo Catalana Occidente S.A. | 5,406 | 216,025 | ||||||
Inmobiliaria Colonial Socimi S.A. | 32,955 | 319,733 | ||||||
Miquel y Costas & Miquel S.A. | 2,442 | 44,199 | ||||||
Pharma Mar S.A.(a) | 228 | 26,515 | ||||||
Prosegur Cash S.A.(b) | 113,079 | 103,265 | ||||||
Prosegur Cia de Seguridad S.A. | 41,394 | 131,842 | ||||||
Viscofan S.A. | 4,096 | 283,546 | ||||||
Zardoya Otis S.A. | 15,720 | 100,693 | ||||||
|
| |||||||
| Total Spain |
| 3,375,140 | ||||||
TOTAL COMMON STOCKS (Cost: $31,855,994) |
| 37,098,127 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 17 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
March 31, 2021
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8% |
| |||||||
| United States – 2.8% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $1,050,216) | 1,050,216 | $ | 1,050,216 | |||||
TOTAL INVESTMENTS IN SECURITIES – 102.1% (Cost: $32,906,210) | 38,148,343 | |||||||
Other Assets less Liabilities – (2.1)% | (795,346 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 37,352,997 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,299,046 and the total market value of the collateral held by the Fund was $1,367,333. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $317,117. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 1,831,881 | EUR | 2,152,946 | USD | $ | 108 | $ | — | |||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 2,137,184 | EUR | 2,511,757 | USD | 126 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 2,511,757 | USD | 2,067,725 | EUR | 81,510 | — | |||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 2,244,574 | USD | 1,908,773 | EUR | — | (153 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 2,618,660 | USD | 2,226,894 | EUR | — | (178 | ) | ||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 2,137,107 | EUR | 2,511,757 | USD | 36 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 2,511,757 | USD | 2,067,661 | EUR | 81,586 | — | |||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 2,618,660 | USD | 2,226,824 | EUR | — | (96 | ) | ||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 2,137,080 | EUR | 2,511,757 | USD | 4 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 2,511,757 | USD | 2,067,669 | EUR | 81,576 | — | |||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 2,618,660 | USD | 2,226,843 | EUR | — | (118 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 4/7/2021 | 2,137,184 | EUR | 2,511,757 | USD | 126 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 2,618,660 | USD | 2,226,898 | EUR | — | (183 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 2,137,073 | EUR | 2,511,757 | USD | — | (5 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 2,511,757 | USD | 2,067,737 | EUR | 81,496 | — | |||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 2,618,660 | USD | 2,226,996 | EUR | — | (298 | ) | ||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 2,137,118 | EUR | 2,511,757 | USD | 49 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 2,511,757 | USD | 2,067,650 | EUR | 81,598 | — | |||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 2,618,660 | USD | 2,226,805 | EUR | — | (74 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 2,137,100 | EUR | 2,511,757 | USD | 27 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 2,511,757 | USD | 2,067,645 | EUR | 81,604 | — | |||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 2,618,660 | USD | 2,226,818 | EUR | — | (89 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 2,137,114 | EUR | 2,511,757 | USD | 44 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 2,511,757 | USD | 2,067,683 | EUR | 81,560 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 2,618,660 | USD | 2,226,844 | EUR | — | (120 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 2,137,120 | EUR | 2,511,757 | USD | 51 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 2,511,757 | USD | 2,067,817 | EUR | 81,402 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 2,618,660 | USD | 2,226,846 | EUR | — | (123 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 3,052,964 | EUR | 3,588,225 | USD | — | (4 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 5,741,171 | USD | 4,726,060 | EUR | 186,520 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 2,511,757 | USD | 2,067,647 | EUR | 81,602 | — | |||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 3,740,943 | USD | 3,181,155 | EUR | — | (111 | ) | ||||||||||||||||||||
Societe Generale | 4/7/2021 | 2,137,129 | EUR | 2,511,757 | USD | 62 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 2,511,757 | USD | 2,067,681 | EUR | 81,562 | — | |||||||||||||||||||||
Societe Generale | 5/5/2021 | 2,618,660 | USD | 2,226,875 | EUR | — | (156 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 2,137,029 | EUR | 2,511,757 | USD | — | (56 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 2,511,757 | USD | 2,067,763 | EUR | 81,466 | — | |||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 2,618,660 | USD | 2,226,981 | EUR | — | (281 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 2,137,069 | EUR | 2,511,757 | USD | — | (9 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 2,511,757 | USD | 2,067,690 | EUR | 81,552 | — | |||||||||||||||||||||
UBS AG | 5/5/2021 | 2,618,660 | USD | 2,226,850 | EUR | — | (127 | ) | ||||||||||||||||||||
| $ | 1,165,667 | $ | (2,181 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| 18 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 37,098,127 | $ | — | $ | — | $ | 37,098,127 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,050,216 | — | 1,050,216 | ||||||||||||
Total Investments in Securities | $ | 37,098,127 | $ | 1,050,216 | $ | — | $ | 38,148,343 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 1,165,667 | $ | — | $ | 1,165,667 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (2,181 | ) | $ | — | $ | (2,181 | ) | ||||||
Total – Net | $ | 37,098,127 | $ | 2,213,702 | $ | — | $ | 39,311,829 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 19 |
Table of Contents
Schedule of Investments
WisdomTree Germany Hedged Equity Fund (DXGE)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.6% |
| |||||||
| Germany – 98.6% |
| |||||||
| Air Freight & Logistics – 5.3% |
| |||||||
Deutsche Post AG, Registered Shares | 30,132 | $ | 1,654,548 | |||||
| Auto Components – 1.9% |
| |||||||
Continental AG | 4,519 | 598,570 | ||||||
| Automobiles – 12.6% |
| |||||||
Bayerische Motoren Werke AG | 14,571 | 1,515,074 | ||||||
Daimler AG, Registered Shares | 13,225 | 1,181,449 | ||||||
Volkswagen AG | 3,457 | 1,256,283 | ||||||
|
| |||||||
| Total Automobiles |
| 3,952,806 | ||||||
| Capital Markets – 1.6% |
| |||||||
Deutsche Boerse AG | 2,979 | 496,122 | ||||||
| Chemicals – 11.8% |
| |||||||
BASF SE | 25,437 | 2,117,839 | ||||||
Covestro AG(a) | 5,664 | 381,707 | ||||||
Evonik Industries AG | 18,118 | 642,229 | ||||||
Fuchs Petrolub SE | 1,101 | 44,384 | ||||||
LANXESS AG | 3,732 | 275,718 | ||||||
Symrise AG | 1,940 | 235,760 | ||||||
Wacker Chemie AG | 169 | 24,103 | ||||||
|
| |||||||
| Total Chemicals |
| 3,721,740 | ||||||
| Construction Materials – 1.1% |
| |||||||
HeidelbergCement AG | 3,696 | 336,479 | ||||||
| Diversified Financial Services – 0.1% |
| |||||||
GRENKE AG | 655 | 24,865 | ||||||
| Diversified Telecommunication Services – 5.9% |
| |||||||
Deutsche Telekom AG, Registered Shares | 92,508 | 1,866,801 | ||||||
| Electronic Equipment, Instruments & Components – 0.0% |
| |||||||
Jenoptik AG | 222 | 6,680 | ||||||
| Food & Staples Retailing – 1.0% |
| |||||||
METRO AG | 28,952 | 306,586 | ||||||
| Food Products – 0.1% |
| |||||||
Suedzucker AG | 1,803 | 30,621 | ||||||
| Health Care Equipment & Supplies – 2.5% |
| |||||||
Carl Zeiss Meditec AG, Bearer Shares | 279 | 42,136 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 111 | 8,878 | ||||||
Siemens Healthineers AG(a) | 13,728 | 745,415 | ||||||
STRATEC SE | 59 | 7,988 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 804,417 | ||||||
| Health Care Providers & Services – 2.8% |
| |||||||
Fresenius Medical Care AG & Co. KGaA | 5,699 | 420,100 | ||||||
Fresenius SE & Co. KGaA | 10,677 | 476,599 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 896,699 | ||||||
| Health Care Technology – 0.1% |
| |||||||
CompuGroup Medical SE & Co. KgaA | 203 | 17,190 | ||||||
| Household Products – 1.4% |
| |||||||
Henkel AG & Co. KGaA | 4,310 | 427,785 | ||||||
| Independent Power & Renewable Electricity Producers – 1.6% |
| |||||||
Encavis AG | 1,685 | 32,043 | ||||||
Uniper SE | 12,683 | 460,307 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 492,350 | ||||||
| Industrial Conglomerates – 7.2% |
| |||||||
Rheinmetall AG | 2,721 | 276,306 | ||||||
Siemens AG, Registered Shares | 12,071 | 1,986,186 | ||||||
|
| |||||||
| Total Industrial Conglomerates |
| 2,262,492 | ||||||
| Insurance – 13.9% |
| |||||||
Allianz SE, Registered Shares | 8,180 | 2,086,708 | ||||||
Hannover Rueck SE | 3,532 | 646,750 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares | 4,013 | 1,238,547 | ||||||
Talanx AG | 9,597 | 407,861 | ||||||
|
| |||||||
| Total Insurance |
| 4,379,866 | ||||||
| IT Services – 0.7% |
| |||||||
Bechtle AG | 1,098 | 206,348 | ||||||
CANCOM SE | 303 | 17,499 | ||||||
|
| |||||||
| Total IT Services |
| 223,847 | ||||||
| Life Sciences Tools & Services – 0.1% |
| |||||||
Gerresheimer AG | 236 | 23,493 | ||||||
| Machinery – 3.0% |
| |||||||
Duerr AG | 1,199 | 50,026 | ||||||
GEA Group AG | 5,594 | 229,783 | ||||||
KION Group AG | 35 | 3,464 | ||||||
Knorr-Bremse AG | 3,340 | 417,752 | ||||||
Krones AG | 258 | 20,983 | ||||||
Rational AG | 274 | 213,346 | ||||||
|
| |||||||
| Total Machinery |
| 935,354 | ||||||
| Marine – 0.8% |
| |||||||
Hapag-Lloyd AG(a) | 1,559 | 242,595 | ||||||
| Metals & Mining – 0.7% |
| |||||||
Aurubis AG | 2,867 | 238,027 | ||||||
| Multi-Utilities – 5.5% |
| |||||||
E.ON SE | 111,478 | 1,300,243 | ||||||
RWE AG | 11,203 | 440,037 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 1,740,280 | ||||||
| Oil, Gas & Consumable Fuels – 0.1% |
| |||||||
CropEnergies AG | 1,841 | 25,835 | ||||||
| Personal Products – 0.7% |
| |||||||
Beiersdorf AG | 2,210 | 234,027 | ||||||
| Pharmaceuticals – 6.7% |
| |||||||
Bayer AG, Registered Shares | 28,995 | 1,838,838 | ||||||
Merck KGaA | 1,505 | 257,895 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 2,096,733 | ||||||
| Real Estate Management & Development – 0.1% |
| |||||||
PATRIZIA AG | 765 | 19,421 | ||||||
| Semiconductors & Semiconductor Equipment – 2.6% |
| |||||||
Infineon Technologies AG | 12,001 | 509,958 | ||||||
See Notes to Financial Statements.
| 20 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Germany Hedged Equity Fund (DXGE)
March 31, 2021
| Investments | Shares | Value | ||||||
Siltronic AG* | 1,942 | $ | 313,834 | |||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 823,792 | ||||||
| Software – 5.2% |
| |||||||
Nemetschek SE | 459 | 29,347 | ||||||
SAP SE | 12,883 | 1,581,063 | ||||||
Software AG | 985 | 41,607 | ||||||
|
| |||||||
| Total Software |
| 1,652,017 | ||||||
| Specialty Retail – 0.1% |
| |||||||
Hornbach Baumarkt AG | 511 | 21,531 | ||||||
Hornbach Holding AG & Co. KGaA | 244 | 23,859 | ||||||
|
| |||||||
| Total Specialty Retail |
| 45,390 | ||||||
| Trading Companies & Distributors – 1.3% |
| |||||||
Brenntag SE | 4,698 | 401,969 | ||||||
| Transportation Infrastructure – 0.1% |
| |||||||
| Hamburger Hafen und Logistik AG | 1,848 | 41,007 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.6% (Cost: $27,316,109) |
| 31,020,404 | ||||||
Other Assets less Liabilities – 1.4% |
| 438,413 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 31,458,817 | |||||
| * | 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. |
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 1,727,905 | EUR | 2,030,746 | USD | $ | 101 | $ | — | |||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 3,208,969 | EUR | 3,771,389 | USD | 188 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 2,030,746 | USD | 1,671,748 | EUR | 65,901 | — | |||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 2,207,108 | USD | 1,876,912 | EUR | — | (150 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 4,098,920 | USD | 3,485,698 | EUR | — | (279 | ) | ||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 1,727,843 | EUR | 2,030,746 | USD | 29 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 2,030,746 | USD | 1,671,696 | EUR | 65,962 | — | |||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 2,207,108 | USD | 1,876,853 | EUR | — | (81 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 1,727,897 | EUR | 2,030,746 | USD | 93 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 2,030,746 | USD | 1,671,754 | EUR | 65,894 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 2,207,108 | USD | 1,876,920 | EUR | — | (160 | ) | ||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 1,727,821 | EUR | 2,030,746 | USD | 3 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 2,030,746 | USD | 1,671,703 | EUR | 65,954 | — | |||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 2,207,108 | USD | 1,876,869 | EUR | — | (100 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 1,727,815 | EUR | 2,030,746 | USD | — | (4 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 2,030,746 | USD | 1,671,758 | EUR | 65,889 | — | |||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 2,207,108 | USD | 1,876,998 | EUR | — | (252 | ) | ||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 1,727,852 | EUR | 2,030,746 | USD | 39 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 2,030,746 | USD | 1,671,688 | EUR | 65,972 | — | |||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 2,207,108 | USD | 1,876,837 | EUR | — | (62 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 1,727,837 | EUR | 2,030,746 | USD | 22 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 2,030,746 | USD | 1,671,683 | EUR | 65,977 | — | |||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 2,207,108 | USD | 1,876,848 | EUR | — | (75 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 1,727,849 | EUR | 2,030,746 | USD | 36 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 2,030,746 | USD | 1,671,714 | EUR | 65,941 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 2,207,108 | USD | 1,876,871 | EUR | — | (101 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/1/2021 | 12,500 | USD | 10,659 | EUR | — | (27 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 2,468,310 | EUR | 2,901,066 | USD | — | (3 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 2,030,746 | USD | 1,671,685 | EUR | 65,975 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 4,641,709 | USD | 3,820,997 | EUR | 150,801 | — | |||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 3,153,012 | USD | 2,681,201 | EUR | — | (94 | ) | ||||||||||||||||||||
Societe Generale | 4/7/2021 | 1,727,861 | EUR | 2,030,746 | USD | 50 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 2,030,746 | USD | 1,671,712 | EUR | 65,943 | — | |||||||||||||||||||||
Societe Generale | 5/5/2021 | 2,207,108 | USD | 1,876,896 | EUR | — | (132 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 1,727,780 | EUR | 2,030,746 | USD | — | (45 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 2,030,746 | USD | 1,671,778 | EUR | 65,865 | — | |||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 2,207,108 | USD | 1,876,986 | EUR | — | (237 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 1,727,812 | EUR | 2,030,746 | USD | — | (7 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 2,030,746 | USD | 1,671,719 | EUR | 65,935 | — | |||||||||||||||||||||
UBS AG | 5/5/2021 | 2,207,108 | USD | 1,876,876 | EUR | — | (107 | ) | ||||||||||||||||||||
| $ | 942,570 | $ | (1,916 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 21 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Germany Hedged Equity Fund (DXGE)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 31,020,404 | $ | — | $ | — | $ | 31,020,404 | ||||||||
Total Investments in Securities | $ | 31,020,404 | $ | — | $ | — | $ | 31,020,404 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 942,570 | $ | — | $ | 942,570 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (1,916 | ) | $ | — | $ | (1,916 | ) | ||||||
Total – Net | $ | 31,020,404 | $ | 940,654 | $ | — | $ | 31,961,058 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| 22 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.6% |
| |||||||
| Australia – 11.4% |
| |||||||
ARB Corp., Ltd.(a) | 1,739 | $ | 45,629 | |||||
Beach Energy Ltd. | 847,309 | 1,106,780 | ||||||
BHP Group Ltd. | 1,520,392 | 52,457,698 | ||||||
BlueScope Steel Ltd. | 104,750 | 1,543,798 | ||||||
Brambles Ltd. | 463,985 | 3,738,910 | ||||||
Breville Group Ltd. | 17,647 | 362,903 | ||||||
Charter Hall Group | 135,318 | 1,327,477 | ||||||
Codan Ltd. | 19,768 | 232,469 | ||||||
CSL Ltd. | 37,567 | 7,572,406 | ||||||
Domino’s Pizza Enterprises Ltd. | 21,584 | 1,582,298 | ||||||
Elders Ltd. | 21,757 | 205,980 | ||||||
Evolution Mining Ltd. | 491,726 | 1,528,054 | ||||||
Goodman Group | 308,673 | 4,260,026 | ||||||
JB Hi-Fi Ltd. | 44,210 | 1,743,565 | ||||||
Mineral Resources Ltd. | 74,612 | 2,160,609 | ||||||
Northern Star Resources Ltd. | 76,165 | 549,945 | ||||||
Ramelius Resources Ltd.(a) | 23,817 | 26,757 | ||||||
Rio Tinto Ltd. | 244,821 | 20,651,322 | ||||||
St Barbara Ltd.(a) | 439,341 | 657,536 | ||||||
Technology One Ltd.(a) | 73,875 | 525,533 | ||||||
|
| |||||||
| Total Australia |
| 102,279,695 | ||||||
| Belgium – 0.1% |
| |||||||
Fagron | 11,714 | 260,618 | ||||||
Melexis N.V. | 8,152 | 864,689 | ||||||
|
| |||||||
| Total Belgium |
| 1,125,307 | ||||||
| China – 2.2% |
| |||||||
China Overseas Grand Oceans Group Ltd. | 2,518,000 | 1,645,318 | ||||||
China Overseas Land & Investment Ltd. | 6,180,027 | 16,057,283 | ||||||
China Tobacco International HK Co., Ltd.(a) | 119,000 | 309,192 | ||||||
CSPC Pharmaceutical Group Ltd. | 1,379,481 | 1,667,915 | ||||||
|
| |||||||
| Total China |
| 19,679,708 | ||||||
| Denmark – 4.8% |
| |||||||
Coloplast A/S, Class B | 33,975 | 5,120,988 | ||||||
DSV Panalpina A/S | 8,654 | 1,701,958 | ||||||
H. Lundbeck A/S | 30,063 | 1,029,504 | ||||||
Novo Nordisk A/S, Class B | 288,983 | 19,625,699 | ||||||
Novozymes A/S, Class B | 30,374 | 1,950,230 | ||||||
Orsted A/S(b) | 49,634 | 8,035,783 | ||||||
Royal Unibrew A/S | 14,447 | 1,514,573 | ||||||
Vestas Wind Systems A/S | 18,076 | 3,719,206 | ||||||
|
| |||||||
| Total Denmark |
| 42,697,941 | ||||||
| Finland – 2.5% |
| |||||||
Kone Oyj, Class B | 121,884 | 9,978,809 | ||||||
Neste Oyj | 161,948 | 8,614,670 | ||||||
Orion Oyj, Class B(a) | 27,851 | 1,118,496 | ||||||
Tokmanni Group Corp. | 2,348 | 55,192 | ||||||
Uponor Oyj | 18,064 | 401,683 | ||||||
Valmet Oyj(a) | 60,964 | 2,221,896 | ||||||
|
| |||||||
| Total Finland |
| 22,390,746 | ||||||
| France – 6.1% |
| |||||||
Gaztransport Et Technigaz S.A. | 11,051 | 883,200 | ||||||
Hermes International | 7,158 | 7,941,677 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 62,273 | 41,578,910 | ||||||
Sartorius Stedim Biotech | 2,603 | 1,074,428 | ||||||
Trigano S.A. | 6,730 | 1,260,817 | ||||||
Verallia S.A.(b) | 53,727 | 1,941,718 | ||||||
|
| |||||||
| Total France |
| 54,680,750 | ||||||
| Germany – 5.9% |
| |||||||
Bechtle AG | 4,702 | 883,649 | ||||||
CANCOM SE | 3,034 | 175,226 | ||||||
Carl Zeiss Meditec AG, Bearer Shares | 3,478 | 525,268 | ||||||
CompuGroup Medical SE & Co. KgaA | 1,795 | 152,001 | ||||||
Dermapharm Holding SE | 11,856 | 850,135 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 887 | 70,941 | ||||||
Fuchs Petrolub SE | 35,274 | 1,421,993 | ||||||
Infineon Technologies AG | 177,686 | 7,550,403 | ||||||
Knorr-Bremse AG | 30,363 | 3,797,663 | ||||||
Nemetschek SE | 6,299 | 402,735 | ||||||
SAP SE | 219,448 | 26,931,705 | ||||||
Siemens Healthineers AG(b) | 165,354 | 8,978,529 | ||||||
Softwareone Holding AG* | 9,068 | 235,095 | ||||||
Symrise AG | 8,024 | 975,124 | ||||||
|
| |||||||
| Total Germany |
| 52,950,467 | ||||||
| Hong Kong – 2.0% |
| |||||||
Hong Kong Exchanges & Clearing Ltd. | 225,000 | 13,237,592 | ||||||
Techtronic Industries Co., Ltd. | 275,500 | 4,713,067 | ||||||
Vitasoy International Holdings Ltd. | 96,000 | 369,209 | ||||||
|
| |||||||
| Total Hong Kong |
| 18,319,868 | ||||||
| Israel – 0.1% |
| |||||||
Matrix IT Ltd. | 9,513 | 228,275 | ||||||
Maytronics Ltd. | 12,283 | 223,545 | ||||||
Strauss Group Ltd. | 26,062 | 703,386 | ||||||
|
| |||||||
| Total Israel |
| 1,155,206 | ||||||
| Italy – 0.9% |
| |||||||
Davide Campari-Milano N.V. | 22,373 | 251,170 | ||||||
DiaSorin SpA | 4,598 | 739,271 | ||||||
Ferrari N.V. | 17,463 | 3,660,501 | ||||||
Interpump Group SpA | 16,856 | 851,470 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 46,697 | 2,517,481 | ||||||
Zignago Vetro SpA | 9,088 | 173,034 | ||||||
|
| |||||||
| Total Italy |
| 8,192,927 | ||||||
| Japan – 19.1% |
| |||||||
ABC-Mart, Inc. | 22,300 | 1,259,294 | ||||||
Advantest Corp. | 26,211 | 2,296,131 | ||||||
Ariake Japan Co., Ltd. | 7,900 | 479,719 | ||||||
Asahi Holdings, Inc.(a) | 25,000 | 479,185 | ||||||
Astellas Pharma, Inc. | 308,100 | 4,745,576 | ||||||
Bandai Namco Holdings, Inc. | 39,800 | 2,842,909 | ||||||
Benefit One, Inc. | 18,800 | 500,029 | ||||||
Bridgestone Corp. | 231,700 | 9,383,326 | ||||||
Chugai Pharmaceutical Co., Ltd. | 164,600 | 6,686,782 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 23 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| Investments | Shares | Value | ||||||
Create SD Holdings Co., Ltd. | 10,500 | $ | 342,081 | |||||
CyberAgent, Inc. | 8,000 | 144,290 | ||||||
Daifuku Co., Ltd.(a) | 16,200 | 1,589,213 | ||||||
Daikin Industries Ltd. | 16,000 | 3,231,855 | ||||||
Daiwabo Holdings Co., Ltd. | 11,000 | 167,439 | ||||||
Dip Corp. | 9,200 | 241,365 | ||||||
Disco Corp. | 6,991 | 2,198,527 | ||||||
DTS Corp. | 7,100 | 162,304 | ||||||
Eisai Co., Ltd. | 30,375 | 2,039,386 | ||||||
Elecom Co., Ltd.(a) | 14,800 | 328,948 | ||||||
en-japan, Inc. | 19,550 | 604,192 | ||||||
Fancl Corp. | 10,300 | 348,149 | ||||||
Fast Retailing Co., Ltd. | 6,281 | 5,009,453 | ||||||
Funai Soken Holdings, Inc. | 1,800 | 34,957 | ||||||
GungHo Online Entertainment, Inc. | 3,689 | 72,979 | ||||||
Hikari Tsushin, Inc. | 8,500 | 1,713,077 | ||||||
Horiba Ltd. | 8,700 | 549,557 | ||||||
Hoya Corp. | 23,500 | 2,765,769 | ||||||
IR Japan Holdings Ltd. | 300 | 36,299 | ||||||
Japan Lifeline Co., Ltd. | 4,700 | 59,590 | ||||||
Kakaku.com, Inc. | 39,991 | 1,092,967 | ||||||
Kao Corp. | 64,100 | 4,242,202 | ||||||
Keyence Corp. | 8,900 | 4,048,896 | ||||||
Kobe Bussan Co., Ltd.(a) | 17,000 | 456,154 | ||||||
Koito Manufacturing Co., Ltd.(a) | 5,000 | 335,747 | ||||||
Kose Corp. | 7,800 | 1,105,412 | ||||||
Kotobuki Spirits Co., Ltd. | 200 | 13,014 | ||||||
Kusuri no Aoki Holdings Co., Ltd.(a) | 1,900 | 145,810 | ||||||
Kyudenko Corp. | 31,900 | 1,221,149 | ||||||
Mani, Inc. | 5,000 | 125,792 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 8,200 | 378,462 | ||||||
Meitec Corp. | 12,600 | 696,706 | ||||||
Milbon Co., Ltd. | 8,400 | 461,430 | ||||||
MINEBEA MITSUMI, Inc. | 44,700 | 1,144,401 | ||||||
Murata Manufacturing Co., Ltd. | 91,820 | 7,347,262 | ||||||
Nexon Co., Ltd. | 9,100 | 295,647 | ||||||
NGK Spark Plug Co., Ltd.(a) | 53,800 | 930,423 | ||||||
Nifco, Inc.(a) | 4,900 | 178,928 | ||||||
Nihon M&A Center, Inc. | 20,800 | 563,388 | ||||||
Nihon Unisys Ltd. | 19,200 | 592,507 | ||||||
Nippon Shinyaku Co., Ltd. | 3,000 | 223,439 | ||||||
Nissan Chemical Corp. | 27,668 | 1,479,800 | ||||||
Nitori Holdings Co., Ltd. | 2,901 | 562,479 | ||||||
Nojima Corp. | 1,800 | 45,806 | ||||||
Nomura Research Institute Ltd. | 53,500 | 1,658,258 | ||||||
NSD Co., Ltd. | 7,300 | 121,623 | ||||||
Obic Co., Ltd.(a) | 9,100 | 1,666,000 | ||||||
OKUMA Corp. | 6,200 | 356,290 | ||||||
Olympus Corp. | 33,400 | 692,483 | ||||||
Oracle Corp. | 19,300 | 1,886,335 | ||||||
Otsuka Corp. | 32,000 | 1,500,090 | ||||||
Outsourcing, Inc. | 43,500 | 702,299 | ||||||
Pan Pacific International Holdings Corp. | 27,100 | 640,345 | ||||||
Pigeon Corp.(a) | 21,400 | 813,394 | ||||||
Prestige International, Inc. | 6,000 | 44,633 | ||||||
Recruit Holdings Co., Ltd. | 97,900 | 4,785,139 | ||||||
Ryohin Keikaku Co., Ltd. | 18,400 | 435,938 | ||||||
Sakai Moving Service Co., Ltd. | 6,300 | 282,502 | ||||||
Sanwa Holdings Corp. | 48,200 | 632,052 | ||||||
SCSK Corp. | 19,900 | 1,181,394 | ||||||
Seria Co., Ltd. | 16,100 | 563,136 | ||||||
SG Holdings Co., Ltd. | 32,400 | 743,881 | ||||||
Shimadzu Corp. | 12,000 | 434,932 | ||||||
Shionogi & Co., Ltd. | 36,000 | 1,939,113 | ||||||
SMS Co., Ltd. | 9,000 | 275,294 | ||||||
SoftBank Corp.(a) | 2,824,200 | 36,765,717 | ||||||
Sony Corp. | 61,300 | 6,432,339 | ||||||
Starts Corp., Inc. | 17,500 | 460,068 | ||||||
Sumitomo Forestry Co., Ltd. | 22,300 | 481,519 | ||||||
Sundrug Co., Ltd. | 17,500 | 641,403 | ||||||
Sysmex Corp. | 16,736 | 1,806,125 | ||||||
Systena Corp. | 4,800 | 96,087 | ||||||
T-Gaia Corp. | 37,200 | 645,361 | ||||||
TechnoPro Holdings, Inc. | 7,600 | 634,136 | ||||||
Terumo Corp. | 21,300 | 770,848 | ||||||
Toei Animation Co., Ltd.(a) | 10,200 | 1,093,846 | ||||||
Tokuyama Corp.(a) | 25,800 | 652,121 | ||||||
Tokyo Electron Ltd. | 31,958 | 13,532,261 | ||||||
Trend Micro, Inc. | 47,900 | 2,401,502 | ||||||
Unicharm Corp. | 21,700 | 912,185 | ||||||
USS Co., Ltd. | 88,700 | 1,737,075 | ||||||
Wacom Co., Ltd. | 5,100 | 34,292 | ||||||
Workman Co., Ltd.(a) | 4,000 | 287,059 | ||||||
Yamaha Corp. | 18,400 | 1,000,760 | ||||||
Yaskawa Electric Corp. | 8,800 | 438,805 | ||||||
ZOZO, Inc. | 36,700 | 1,086,054 | ||||||
|
| |||||||
| Total Japan |
| 171,264,896 | ||||||
| Netherlands – 3.8% |
| |||||||
ASM International N.V. | 12,088 | 3,523,341 | ||||||
ASML Holding N.V. | 36,459 | 22,153,575 | ||||||
BE Semiconductor Industries N.V. | 23,657 | 1,986,322 | ||||||
Euronext N.V.(b) | 19,710 | 1,989,886 | ||||||
IMCD N.V. | 3,164 | 440,660 | ||||||
Wolters Kluwer N.V. | 50,856 | 4,430,229 | ||||||
|
| |||||||
| Total Netherlands |
| 34,524,013 | ||||||
| Norway – 0.1% |
| |||||||
Borregaard ASA | 35,082 | 765,230 | ||||||
Fjordkraft Holding ASA(b) | 29,431 | 240,306 | ||||||
|
| |||||||
| Total Norway |
| 1,005,536 | ||||||
| Portugal – 0.2% |
| |||||||
Jeronimo Martins, SGPS, S.A. | 115,981 | 1,956,083 | ||||||
| Singapore – 0.4% |
| |||||||
Sheng Siong Group Ltd. | 594,200 | 681,057 | ||||||
Singapore Exchange Ltd. | 382,500 | 2,838,289 | ||||||
|
| |||||||
| Total Singapore |
| 3,519,346 | ||||||
See Notes to Financial Statements.
| 24 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| Investments | Shares | Value | ||||||
| Spain – 0.5% |
| |||||||
Faes Farma S.A. | 364,446 | $ | 1,565,558 | |||||
Grifols S.A. | 52,442 | 1,376,310 | ||||||
Prosegur Cash S.A.(b) | 1,514,860 | 1,383,382 | ||||||
|
| |||||||
| Total Spain |
| 4,325,250 | ||||||
| Sweden – 3.3% |
| |||||||
AddTech AB, Class B | 29,433 | 438,981 | ||||||
Atlas Copco AB, Class A | 119,739 | 7,302,784 | ||||||
Atlas Copco AB, Class B | 103,019 | 5,371,790 | ||||||
Axfood AB(a) | 73,707 | 1,765,660 | ||||||
Beijer Ref AB | 13,204 | 581,404 | ||||||
BioGaia AB, Class B | 706 | 33,209 | ||||||
Elekta AB, Class B | 46,272 | 601,207 | ||||||
Epiroc AB, Class B | 49,137 | 1,025,719 | ||||||
EQT AB | 61,807 | 2,038,653 | ||||||
Essity AB, Class B(a) | 160,995 | 5,096,029 | ||||||
Evolution Gaming Group AB(b) | 18,800 | 2,773,746 | ||||||
Lagercrantz Group AB, Class B | 5,586 | 50,693 | ||||||
Lifco AB, Class B | 7,460 | 694,965 | ||||||
Lindab International AB | 2,362 | 47,829 | ||||||
Mycronic AB | 29,813 | 701,177 | ||||||
Sweco AB, Class B | 68,457 | 1,119,967 | ||||||
|
| |||||||
| Total Sweden |
| 29,643,813 | ||||||
| Switzerland – 10.0% |
| |||||||
ALSO Holding AG, Registered Shares* | 990 | 285,066 | ||||||
Bucher Industries AG, Registered Shares | 1,768 | 904,711 | ||||||
Geberit AG, Registered Shares | 7,213 | 4,610,679 | ||||||
Givaudan S.A., Registered Shares | 1,783 | 6,899,735 | ||||||
Kardex Holding AG, Registered Shares | 2,329 | 477,109 | ||||||
Kuehne + Nagel International AG, Registered Shares | 31,691 | 9,081,510 | ||||||
Logitech International S.A., Registered Shares | 27,542 | 2,901,253 | ||||||
Partners Group Holding AG | 8,895 | 11,407,602 | ||||||
Roche Holding AG, Bearer Shares(a) | 36,467 | 12,515,371 | ||||||
Roche Holding AG, Genusschein | 97,769 | 31,730,905 | ||||||
Schindler Holding AG, Participation Certificate | 6,611 | 1,949,969 | ||||||
SFS Group AG | 11,344 | 1,415,062 | ||||||
Sika AG, Registered Shares | 12,754 | 3,658,907 | ||||||
STMicroelectronics N.V.(a) | 41,816 | 1,598,238 | ||||||
Temenos AG, Registered Shares | 5,715 | 826,144 | ||||||
|
| |||||||
| Total Switzerland |
| 90,262,261 | ||||||
| United Kingdom – 25.2% |
| |||||||
AJ Bell PLC | 75,258 | 435,582 | ||||||
Ashmore Group PLC(a) | 400,867 | 2,164,741 | ||||||
Ashtead Group PLC | 76,181 | 4,547,978 | ||||||
Avon Rubber PLC | 732 | 31,914 | ||||||
Berkeley Group Holdings PLC | 78,947 | 4,835,101 | ||||||
Bodycote PLC | 94,385 | 1,076,293 | ||||||
Bunzl PLC | 72,707 | 2,330,292 | ||||||
CMC Markets PLC(b) | 146,604 | 976,962 | ||||||
Croda International PLC | 19,602 | 1,716,810 | ||||||
FDM Group Holdings PLC | 26,261 | 365,222 | ||||||
Ferrexpo PLC | 783,069 | 4,047,181 | ||||||
Fevertree Drinks PLC | 7,286 | 215,123 | ||||||
Fresnillo PLC | 100,634 | 1,199,897 | ||||||
Games Workshop Group PLC | 6,528 | 897,516 | ||||||
Gamma Communications PLC | 5,224 | 118,204 | ||||||
GlaxoSmithKline PLC | 1,839,371 | 32,686,620 | ||||||
Halma PLC | 23,647 | 774,536 | ||||||
Hargreaves Lansdown PLC | 201,387 | 4,283,115 | ||||||
Hilton Food Group PLC | 32,559 | 482,459 | ||||||
HomeServe PLC | 86,777 | 1,437,912 | ||||||
IMI PLC | 102,864 | 1,893,233 | ||||||
Intertek Group PLC | 30,147 | 2,330,086 | ||||||
Linde PLC | 98,887 | 27,765,397 | ||||||
RELX PLC | 612,488 | 15,371,459 | ||||||
Rio Tinto PLC | 761,532 | 58,313,076 | ||||||
Rotork PLC | 166,634 | 819,841 | ||||||
RWS Holdings PLC | 40,076 | 336,734 | ||||||
Smith & Nephew PLC | 153,920 | 2,926,369 | ||||||
Spirax-Sarco Engineering PLC | 7,151 | 1,124,751 | ||||||
Spirent Communications PLC | 88,629 | 291,641 | ||||||
Unilever PLC | 909,710 | 50,907,964 | ||||||
|
| |||||||
| Total United Kingdom |
| 226,704,009 | ||||||
TOTAL COMMON STOCKS (Cost: $708,135,273) |
| 886,677,822 | ||||||
| EXCHANGE-TRADED FUND – 0.2% |
| |||||||
| United States – 0.2% |
| |||||||
WisdomTree International Quality Dividend Growth Fund(c) | ||||||||
| (Cost: $1,253,858) | 43,565 | 1,615,390 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5% |
| |||||||
| United States – 1.5% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(d) | ||||||||
| (Cost: $13,942,780) | 13,942,780 | 13,942,780 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $723,331,911) |
| 902,235,992 | ||||||
Other Assets less Liabilities – (0.3)% |
| (2,744,936 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 899,491,056 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $54,459,474 and the total market value of the collateral held by the Fund was $57,772,816. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $43,830,036. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (d) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
See Notes to Financial Statements.
| WisdomTree Trust | 25 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| 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 ended March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/ (Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree International Quality Dividend Growth Fund | $ | 1,986,206 | $ | — | $ | 1,006,840 | $ | 15,366 | $ | 620,658 | $ | 1,615,390 | $ | 41,591 | ||||||||||||||
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 269,940 | ILS | 80,944 | USD | $ | 6 | $ | — | |||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 1,341,006,608 | JPY | 12,135,444 | USD | 758 | — | |||||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 80,944 | USD | 268,167 | ILS | 526 | — | |||||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 12,135,444 | USD | 1,292,462,405 | JPY | 438,571 | — | |||||||||||||||||||||
Bank of America N.A. | 4/6/2021 | 333,634 | SGD | 248,310 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 4/6/2021 | 248,310 | USD | 330,246 | SGD | 2,520 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 10,336,030 | AUD | 7,872,768 | USD | — | (272 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 5,546,774 | CHF | 5,893,770 | USD | 4 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 11,994,349 | EUR | 14,096,539 | USD | 704 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 10,198,305 | GBP | 14,071,019 | USD | — | (370 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 17,104,622 | SEK | 1,962,301 | USD | 90 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 7,872,768 | USD | 10,168,303 | AUD | 128,022 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 5,893,770 | USD | 5,330,237 | CHF | 230,079 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 14,096,539 | USD | 11,604,535 | EUR | 457,454 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 14,071,019 | USD | 10,062,091 | GBP | 188,304 | — | |||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 1,962,301 | USD | 16,477,255 | SEK | 71,887 | — | |||||||||||||||||||||
Bank of America N.A. | 4/8/2021 | 19,045,244 | DKK | 3,009,919 | USD | — | (172 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/8/2021 | 20,340,419 | HKD | 2,616,268 | USD | 57 | — | |||||||||||||||||||||
Bank of America N.A. | 4/8/2021 | 422,738 | NOK | 49,520 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 4/8/2021 | 3,009,919 | USD | 18,429,927 | DKK | 97,412 | — | |||||||||||||||||||||
Bank of America N.A. | 4/8/2021 | 2,616,268 | USD | 20,294,956 | HKD | 5,791 | — | |||||||||||||||||||||
Bank of America N.A. | 4/8/2021 | 49,520 | USD | 426,517 | NOK | — | (445 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 7,192,066 | USD | 9,441,232 | AUD | 52 | — | |||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 6,305,557 | USD | 5,929,967 | CHF | — | (197 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 2,998,436 | USD | 18,964,790 | DKK | 41 | — | |||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 14,865,078 | USD | 12,641,179 | EUR | — | (1,012 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 2,738,639 | USD | 21,290,845 | HKD | — | (155 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 90,118 | USD | 300,470 | ILS | — | (11 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 55,259 | USD | 471,740 | NOK | — | (5 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 2,097,079 | USD | 18,275,152 | SEK | — | (155 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/5/2021 | 251,143 | USD | 337,518 | SGD | — | (22 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/6/2021 | 14,147,888 | USD | 10,252,977 | GBP | 416 | — | |||||||||||||||||||||
Bank of America N.A. | 5/10/2021 | 12,268,914 | USD | 1,355,338,341 | JPY | — | (1,017 | ) | ||||||||||||||||||||
Bank of Montreal | 4/5/2021 | 269,921 | ILS | 80,944 | USD | — | (0 | )^ | ||||||||||||||||||||
Bank of Montreal | 4/5/2021 | 1,340,938,650 | JPY | 12,135,444 | USD | 143 | — | |||||||||||||||||||||
Bank of Montreal | 4/5/2021 | 80,944 | USD | 268,093 | ILS | 548 | — | |||||||||||||||||||||
Bank of Montreal | 4/5/2021 | 12,135,444 | USD | 1,292,422,358 | JPY | 438,933 | — | |||||||||||||||||||||
Bank of Montreal | 4/6/2021 | 333,635 | SGD | 248,310 | USD | 3 | — | |||||||||||||||||||||
Bank of Montreal | 4/6/2021 | 248,310 | USD | 330,236 | SGD | 2,527 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| 26 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 10,336,220 | AUD | 7,872,768 | USD | $ | — | $ | (127 | ) | ||||||||||||||||||
Bank of Montreal | 4/7/2021 | 5,546,833 | CHF | 5,893,770 | USD | 67 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 11,993,921 | EUR | 14,096,539 | USD | 201 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 10,198,726 | GBP | 14,071,019 | USD | 212 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 17,104,077 | SEK | 1,962,301 | USD | 28 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 7,872,768 | USD | 10,168,054 | AUD | 128,212 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 5,893,770 | USD | 5,330,178 | CHF | 230,142 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 14,096,539 | USD | 11,604,172 | EUR | 457,881 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 14,071,019 | USD | 10,062,386 | GBP | 187,897 | — | |||||||||||||||||||||
Bank of Montreal | 4/7/2021 | 1,962,301 | USD | 16,477,141 | SEK | 71,900 | — | |||||||||||||||||||||
Bank of Montreal | 4/8/2021 | 19,046,027 | DKK | 3,009,919 | USD | — | (48 | ) | ||||||||||||||||||||
Bank of Montreal | 4/8/2021 | 20,340,231 | HKD | 2,616,268 | USD | 33 | — | |||||||||||||||||||||
Bank of Montreal | 4/8/2021 | 422,724 | NOK | 49,520 | USD | 1 | — | |||||||||||||||||||||
Bank of Montreal | 4/8/2021 | 3,009,919 | USD | 18,429,888 | DKK | 97,418 | — | |||||||||||||||||||||
Bank of Montreal | 4/8/2021 | 2,616,268 | USD | 20,295,118 | HKD | 5,770 | — | |||||||||||||||||||||
Bank of Montreal | 4/8/2021 | 49,520 | USD | 426,478 | NOK | — | (440 | ) | ||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 7,192,066 | USD | 9,441,244 | AUD | 42 | — | |||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 6,305,557 | USD | 5,929,998 | CHF | — | (230 | ) | ||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 2,998,436 | USD | 18,965,204 | DKK | — | (25 | ) | ||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 14,865,078 | USD | 12,640,781 | EUR | — | (545 | ) | ||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 2,738,639 | USD | 21,290,889 | HKD | — | (160 | ) | ||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 90,118 | USD | 300,529 | ILS | — | (29 | ) | ||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 55,259 | USD | 471,715 | NOK | — | (2 | ) | ||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 2,097,079 | USD | 18,274,269 | SEK | — | (54 | ) | ||||||||||||||||||||
Bank of Montreal | 5/5/2021 | 251,143 | USD | 337,508 | SGD | — | (15 | ) | ||||||||||||||||||||
Bank of Montreal | 5/6/2021 | 14,147,888 | USD | 10,253,482 | GBP | — | (282 | ) | ||||||||||||||||||||
Bank of Montreal | 5/10/2021 | 12,268,914 | USD | 1,355,269,635 | JPY | — | (395 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/5/2021 | 269,924 | ILS | 80,944 | USD | 1 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/5/2021 | 1,340,993,259 | JPY | 12,135,444 | USD | 637 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/5/2021 | 80,944 | USD | 268,051 | ILS | 561 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/5/2021 | 12,135,444 | USD | 1,292,468,473 | JPY | 438,516 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/6/2021 | 333,629 | SGD | 248,310 | USD | — | (1 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/6/2021 | 248,310 | USD | 330,218 | SGD | 2,541 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 10,336,464 | AUD | 7,872,768 | USD | 59 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 5,546,922 | CHF | 5,893,770 | USD | 161 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 11,994,298 | EUR | 14,096,539 | USD | 644 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 10,198,608 | GBP | 14,071,019 | USD | 48 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 17,104,004 | SEK | 1,962,301 | USD | 19 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 7,872,768 | USD | 10,168,251 | AUD | 128,062 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 5,893,770 | USD | 5,330,443 | CHF | 229,860 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 14,096,539 | USD | 11,604,573 | EUR | 457,409 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 14,071,019 | USD | 10,062,371 | GBP | 187,917 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/7/2021 | 1,962,301 | USD | 16,477,186 | SEK | 71,895 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/8/2021 | 19,046,617 | DKK | 3,009,919 | USD | 45 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/8/2021 | 20,340,045 | HKD | 2,616,268 | USD | 9 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/8/2021 | 422,720 | NOK | 49,520 | USD | 0 | ^ | — | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/8/2021 | 3,009,919 | USD | 18,430,547 | DKK | 97,314 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/8/2021 | 2,616,268 | USD | 20,294,365 | HKD | 5,867 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/8/2021 | 49,520 | USD | 426,493 | NOK | — | (442 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 7,192,066 | USD | 9,441,504 | AUD | — | (156 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 27 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| 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 | |||||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 6,305,557 | USD | 5,930,061 | CHF | $ | — | $ | (297 | ) | ||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 2,998,436 | USD | 18,965,917 | DKK | — | (138 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 14,865,078 | USD | 12,641,232 | EUR | — | (1,076 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 2,738,639 | USD | 21,290,070 | HKD | — | (55 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 90,118 | USD | 300,460 | ILS | — | (8 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 55,259 | USD | 471,712 | NOK | — | (2 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 2,097,079 | USD | 18,274,303 | SEK | — | (58 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/5/2021 | 251,143 | USD | 337,491 | SGD | — | (2 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/6/2021 | 14,147,888 | USD | 10,253,356 | GBP | — | (107 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/10/2021 | 12,268,914 | USD | 1,355,349,383 | JPY | — | (1,116 | ) | ||||||||||||||||||||
Citibank N.A. | 4/5/2021 | 269,913 | ILS | 80,944 | USD | — | (3 | ) | ||||||||||||||||||||
Citibank N.A. | 4/5/2021 | 1,340,920,447 | JPY | 12,135,444 | USD | — | (22 | ) | ||||||||||||||||||||
Citibank N.A. | 4/5/2021 | 80,944 | USD | 268,014 | ILS | 572 | — | |||||||||||||||||||||
Citibank N.A. | 4/5/2021 | 12,135,444 | USD | 1,292,404,155 | JPY | 439,098 | — | |||||||||||||||||||||
Citibank N.A. | 4/6/2021 | 333,620 | SGD | 248,310 | USD | — | (8 | ) | ||||||||||||||||||||
Citibank N.A. | 4/6/2021 | 248,310 | USD | 330,226 | SGD | 2,534 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 10,336,044 | AUD | 7,872,768 | USD | — | (261 | ) | ||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 5,546,821 | CHF | 5,893,770 | USD | 55 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 11,993,768 | EUR | 14,096,539 | USD | 21 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 10,198,667 | GBP | 14,071,019 | USD | 130 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 17,103,967 | SEK | 1,962,301 | USD | 15 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 7,872,768 | USD | 10,168,014 | AUD | 128,242 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 5,893,770 | USD | 5,330,243 | CHF | 230,073 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 14,096,539 | USD | 11,604,220 | EUR | 457,824 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 14,071,019 | USD | 10,062,429 | GBP | 187,838 | — | |||||||||||||||||||||
Citibank N.A. | 4/7/2021 | 1,962,301 | USD | 16,477,296 | SEK | 71,882 | — | |||||||||||||||||||||
Citibank N.A. | 4/8/2021 | 19,046,123 | DKK | 3,009,919 | USD | — | (33 | ) | ||||||||||||||||||||
Citibank N.A. | 4/8/2021 | 20,339,406 | HKD | 2,616,268 | USD | — | (73 | ) | ||||||||||||||||||||
Citibank N.A. | 4/8/2021 | 422,721 | NOK | 49,520 | USD | 0 | ^ | — | ||||||||||||||||||||
Citibank N.A. | 4/8/2021 | 3,009,919 | USD | 18,429,909 | DKK | 97,414 | — | |||||||||||||||||||||
Citibank N.A. | 4/8/2021 | 2,616,268 | USD | 20,296,154 | HKD | 5,637 | — | |||||||||||||||||||||
Citibank N.A. | 4/8/2021 | 49,520 | USD | 426,473 | NOK | — | (440 | ) | ||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 7,192,066 | USD | 9,441,368 | AUD | — | (52 | ) | ||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 6,305,557 | USD | 5,929,941 | CHF | — | (170 | ) | ||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 2,998,436 | USD | 18,966,142 | DKK | — | (173 | ) | ||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 14,865,078 | USD | 12,640,888 | EUR | — | (671 | ) | ||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 2,738,639 | USD | 21,289,730 | HKD | — | (11 | ) | ||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 90,118 | USD | 300,438 | ILS | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 55,259 | USD | 471,710 | NOK | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 2,097,079 | USD | 18,274,466 | SEK | — | (76 | ) | ||||||||||||||||||||
Citibank N.A. | 5/5/2021 | 251,143 | USD | 337,485 | SGD | 2 | — | |||||||||||||||||||||
Citibank N.A. | 5/6/2021 | 14,147,888 | USD | 10,253,512 | GBP | — | (323 | ) | ||||||||||||||||||||
Citibank N.A. | 5/10/2021 | 12,268,914 | USD | 1,355,294,173 | JPY | — | (617 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 4/5/2021 | 269,924 | ILS | 80,944 | USD | 1 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/5/2021 | 1,341,006,608 | JPY | 12,135,444 | USD | 758 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/6/2021 | 333,629 | SGD | 248,310 | USD | — | (1 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 4/7/2021 | 10,336,464 | AUD | 7,872,768 | USD | 59 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/7/2021 | 5,546,922 | CHF | 5,893,770 | USD | 161 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/7/2021 | 11,994,349 | EUR | 14,096,539 | USD | 704 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/7/2021 | 10,198,608 | GBP | 14,071,019 | USD | 48 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| 28 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| 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 | |||||||||||||||||||||||
Commonwealth Bank of Australia | 4/7/2021 | 17,104,004 | SEK | 1,962,301 | USD | $ | 19 | $ | — | |||||||||||||||||||
Commonwealth Bank of Australia | 4/8/2021 | 19,046,617 | DKK | 3,009,919 | USD | 45 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/8/2021 | 20,340,045 | HKD | 2,616,268 | USD | 9 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/8/2021 | 422,720 | NOK | 49,520 | USD | 0 | ^ | — | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 7,192,066 | USD | 9,441,504 | AUD | — | (156 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 6,305,557 | USD | 5,930,061 | CHF | — | (297 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 2,998,436 | USD | 18,965,857 | DKK | — | (128 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 14,865,078 | USD | 12,641,200 | EUR | — | (1,038 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 2,738,639 | USD | 21,290,043 | HKD | — | (51 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 90,118 | USD | 300,444 | ILS | — | (4 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 55,259 | USD | 471,712 | NOK | — | (1 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 2,097,079 | USD | 18,274,156 | SEK | — | (41 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/5/2021 | 251,143 | USD | 337,491 | SGD | — | (2 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/6/2021 | 14,147,888 | USD | 10,253,356 | GBP | — | (107 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/10/2021 | 12,268,914 | USD | 1,355,342,022 | JPY | — | (1,050 | ) | ||||||||||||||||||||
Credit Suisse International | 4/5/2021 | 269,929 | ILS | 80,944 | USD | 2 | — | |||||||||||||||||||||
Credit Suisse International | 4/5/2021 | 1,340,893,749 | JPY | 12,135,444 | USD | — | (264 | ) | ||||||||||||||||||||
Credit Suisse International | 4/5/2021 | 80,944 | USD | 268,025 | ILS | 569 | — | |||||||||||||||||||||
Credit Suisse International | 4/5/2021 | 12,135,444 | USD | 1,292,518,228 | JPY | 438,065 | — | |||||||||||||||||||||
Credit Suisse International | 4/6/2021 | 333,634 | SGD | 248,310 | USD | 2 | — | |||||||||||||||||||||
Credit Suisse International | 4/6/2021 | 248,310 | USD | 330,244 | SGD | 2,521 | — | |||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 10,335,528 | AUD | 7,872,768 | USD | — | (654 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 5,546,592 | CHF | 5,893,770 | USD | — | (190 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 11,993,727 | EUR | 14,096,539 | USD | — | (27 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 10,198,489 | GBP | 14,071,019 | USD | — | (115 | ) | ||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 17,104,138 | SEK | 1,962,301 | USD | 35 | — | |||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 7,872,768 | USD | 10,169,025 | AUD | 127,472 | — | |||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 5,893,770 | USD | 5,330,485 | CHF | 229,816 | — | |||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 14,096,539 | USD | 11,604,602 | EUR | 457,375 | — | |||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 14,071,019 | USD | 10,063,199 | GBP | 186,775 | — | |||||||||||||||||||||
Credit Suisse International | 4/7/2021 | 1,962,301 | USD | 16,477,854 | SEK | 71,818 | — | |||||||||||||||||||||
Credit Suisse International | 4/8/2021 | 19,045,539 | DKK | 3,009,919 | USD | — | (125 | ) | ||||||||||||||||||||
Credit Suisse International | 4/8/2021 | 20,340,801 | HKD | 2,616,268 | USD | 106 | — | |||||||||||||||||||||
Credit Suisse International | 4/8/2021 | 422,726 | NOK | 49,520 | USD | 1 | — | |||||||||||||||||||||
Credit Suisse International | 4/8/2021 | 3,009,919 | USD | 18,429,725 | DKK | 97,443 | — | |||||||||||||||||||||
Credit Suisse International | 4/8/2021 | 2,616,268 | USD | 20,295,275 | HKD | 5,750 | — | |||||||||||||||||||||
Credit Suisse International | 4/8/2021 | 49,520 | USD | 426,475 | NOK | — | (440 | ) | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 7,192,066 | USD | 9,441,765 | AUD | — | (354 | ) | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 6,305,557 | USD | 5,930,212 | CHF | — | (458 | ) | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 2,998,436 | USD | 18,965,683 | DKK | — | (101 | ) | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 14,865,078 | USD | 12,641,759 | EUR | — | (1,695 | ) | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 2,738,639 | USD | 21,291,108 | HKD | — | (188 | ) | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 90,118 | USD | 300,468 | ILS | — | (11 | ) | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 55,259 | USD | 471,721 | NOK | — | (3 | ) | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 2,097,079 | USD | 18,274,823 | SEK | — | (117 | ) | ||||||||||||||||||||
Credit Suisse International | 5/5/2021 | 251,143 | USD | 337,528 | SGD | — | (29 | ) | ||||||||||||||||||||
Credit Suisse International | 5/6/2021 | 14,147,888 | USD | 10,253,980 | GBP | — | (969 | ) | ||||||||||||||||||||
Credit Suisse International | 5/10/2021 | 12,268,914 | USD | 1,355,381,282 | JPY | — | (1,405 | ) | ||||||||||||||||||||
Goldman Sachs | 4/5/2021 | 269,928 | ILS | 80,944 | USD | 2 | — | |||||||||||||||||||||
Goldman Sachs | 4/5/2021 | 1,340,949,572 | JPY | 12,135,444 | USD | 242 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| 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 | 4/5/2021 | 80,944 | USD | 268,018 | ILS | $ | 571 | $ | — | |||||||||||||||||||
Goldman Sachs | 4/5/2021 | 12,135,444 | USD | 1,292,419,931 | JPY | 438,955 | — | |||||||||||||||||||||
Goldman Sachs | 4/6/2021 | 333,637 | SGD | 248,310 | USD | 4 | — | |||||||||||||||||||||
Goldman Sachs | 4/6/2021 | 248,310 | USD | 330,233 | SGD | 2,529 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 10,336,234 | AUD | 7,872,768 | USD | — | (117 | ) | ||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 5,546,851 | CHF | 5,893,770 | USD | 86 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 11,993,982 | EUR | 14,096,539 | USD | 272 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 10,198,770 | GBP | 14,071,019 | USD | 273 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 17,104,108 | SEK | 1,962,301 | USD | 31 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 7,872,768 | USD | 10,167,857 | AUD | 128,362 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 5,893,770 | USD | 5,330,178 | CHF | 230,142 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 14,096,539 | USD | 11,604,114 | EUR | 457,948 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 14,071,019 | USD | 10,062,429 | GBP | 187,838 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 1,962,301 | USD | 16,477,228 | SEK | 71,890 | — | |||||||||||||||||||||
Goldman Sachs | 4/8/2021 | 19,046,051 | DKK | 3,009,919 | USD | — | (45 | ) | ||||||||||||||||||||
Goldman Sachs | 4/8/2021 | 20,340,382 | HKD | 2,616,268 | USD | 52 | — | |||||||||||||||||||||
Goldman Sachs | 4/8/2021 | 422,726 | NOK | 49,520 | USD | 1 | — | |||||||||||||||||||||
Goldman Sachs | 4/8/2021 | 3,009,919 | USD | 18,429,647 | DKK | 97,456 | — | |||||||||||||||||||||
Goldman Sachs | 4/8/2021 | 2,616,268 | USD | 20,295,288 | HKD | 5,748 | — | |||||||||||||||||||||
Goldman Sachs | 4/8/2021 | 49,520 | USD | 426,467 | NOK | — | (439 | ) | ||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 7,192,066 | USD | 9,441,244 | AUD | 42 | — | |||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 6,305,557 | USD | 5,929,929 | CHF | — | (157 | ) | ||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 2,998,436 | USD | 18,965,378 | DKK | — | (52 | ) | ||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 14,865,078 | USD | 12,640,673 | EUR | — | (418 | ) | ||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 2,738,639 | USD | 21,291,919 | HKD | — | (293 | ) | ||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 90,118 | USD | 300,446 | ILS | — | (4 | ) | ||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 55,259 | USD | 471,713 | NOK | — | (2 | ) | ||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 2,097,079 | USD | 18,274,271 | SEK | — | (54 | ) | ||||||||||||||||||||
Goldman Sachs | 5/5/2021 | 251,143 | USD | 337,503 | SGD | — | (11 | ) | ||||||||||||||||||||
Goldman Sachs | 5/6/2021 | 14,147,888 | USD | 10,253,549 | GBP | — | (374 | ) | ||||||||||||||||||||
Goldman Sachs | 5/10/2021 | 12,268,914 | USD | 1,355,257,366 | JPY | — | (283 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/5/2021 | 269,915 | ILS | 80,944 | USD | — | (2 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/5/2021 | 1,340,939,864 | JPY | 12,135,444 | USD | 154 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/5/2021 | 80,944 | USD | 268,016 | ILS | 572 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/5/2021 | 12,135,444 | USD | 1,292,425,999 | JPY | 438,900 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/6/2021 | 333,631 | SGD | 248,310 | USD | — | (0 | )^ | ||||||||||||||||||||
HSBC Holdings PLC | 4/6/2021 | 248,310 | USD | 330,220 | SGD | 2,539 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 10,336,193 | AUD | 7,872,768 | USD | — | (148 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 5,546,816 | CHF | 5,893,770 | USD | 48 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 11,993,880 | EUR | 14,096,539 | USD | 153 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 10,198,719 | GBP | 14,071,019 | USD | 201 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 17,104,024 | SEK | 1,962,301 | USD | 22 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 7,872,768 | USD | 10,167,830 | AUD | 128,382 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 5,893,770 | USD | 5,330,196 | CHF | 230,123 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 14,096,539 | USD | 11,604,086 | EUR | 457,982 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 14,071,019 | USD | 10,062,350 | GBP | 187,947 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/7/2021 | 1,962,301 | USD | 16,477,222 | SEK | 71,891 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/8/2021 | 19,045,880 | DKK | 3,009,919 | USD | — | (72 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/8/2021 | 20,340,202 | HKD | 2,616,268 | USD | 29 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/8/2021 | 422,723 | NOK | 49,520 | USD | 0 | ^ | — | ||||||||||||||||||||
See Notes to Financial Statements.
| 30 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| 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 | |||||||||||||||||||||||
HSBC Holdings PLC | 4/8/2021 | 3,009,919 | USD | 18,429,454 | DKK | $ | 97,486 | $ | — | |||||||||||||||||||
HSBC Holdings PLC | 4/8/2021 | 2,616,268 | USD | 20,294,302 | HKD | 5,875 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/8/2021 | 49,520 | USD | 426,472 | NOK | — | (440 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 7,192,066 | USD | 9,441,319 | AUD | — | (14 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 6,305,557 | USD | 5,930,030 | CHF | — | (264 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 2,998,436 | USD | 18,965,737 | DKK | — | (109 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 14,865,078 | USD | 12,640,749 | EUR | — | (507 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 2,738,639 | USD | 21,290,180 | HKD | — | (69 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 90,118 | USD | 300,485 | ILS | — | (16 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 55,259 | USD | 471,711 | NOK | — | (1 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 2,097,079 | USD | 18,274,240 | SEK | — | (50 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/5/2021 | 251,143 | USD | 337,499 | SGD | — | (8 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/6/2021 | 14,147,888 | USD | 10,253,579 | GBP | — | (415 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/10/2021 | 12,268,914 | USD | 1,355,291,719 | JPY | — | (594 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/5/2021 | 269,928 | ILS | 80,944 | USD | 2 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/5/2021 | 1,340,948,358 | JPY | 12,135,444 | USD | 231 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/5/2021 | 80,944 | USD | 268,022 | ILS | 570 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/5/2021 | 12,135,444 | USD | 1,292,444,202 | JPY | 438,735 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/6/2021 | 333,635 | SGD | 248,310 | USD | 3 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/6/2021 | 248,310 | USD | 330,221 | SGD | 2,538 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 10,336,179 | AUD | 7,872,768 | USD | — | (158 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 5,546,880 | CHF | 5,893,770 | USD | 117 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 11,993,962 | EUR | 14,096,539 | USD | 248 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 10,198,379 | GBP | 14,071,019 | USD | — | (268 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 17,104,153 | SEK | 1,962,301 | USD | 36 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 7,872,768 | USD | 10,167,791 | AUD | 128,412 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 5,893,770 | USD | 5,330,137 | CHF | 230,185 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 14,096,539 | USD | 11,604,296 | EUR | 457,735 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 14,071,019 | USD | 10,061,767 | GBP | 188,751 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/7/2021 | 1,962,301 | USD | 16,476,974 | SEK | 71,919 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/8/2021 | 19,045,654 | DKK | 3,009,919 | USD | — | (107 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/8/2021 | 20,340,249 | HKD | 2,616,268 | USD | 35 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/8/2021 | 422,717 | NOK | 49,520 | USD | — | (0 | )^ | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/8/2021 | 3,009,919 | USD | 18,429,400 | DKK | 97,495 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/8/2021 | 2,616,268 | USD | 20,294,553 | HKD | 5,843 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/8/2021 | 49,520 | USD | 426,467 | NOK | — | (439 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 7,192,066 | USD | 9,441,281 | AUD | 14 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 6,305,557 | USD | 5,929,929 | CHF | — | (157 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 2,998,436 | USD | 18,964,916 | DKK | 21 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 14,865,078 | USD | 12,640,899 | EUR | — | (684 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 2,738,639 | USD | 21,290,147 | HKD | — | (65 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 90,118 | USD | 300,446 | ILS | — | (4 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 55,259 | USD | 471,697 | NOK | 0 | ^ | — | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 2,097,079 | USD | 18,274,288 | SEK | — | (56 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/5/2021 | 251,143 | USD | 337,496 | SGD | — | (6 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/6/2021 | 14,147,888 | USD | 10,252,955 | GBP | 446 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/10/2021 | 12,268,914 | USD | 1,355,297,853 | JPY | — | (650 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/5/2021 | 269,930 | ILS | 80,944 | USD | 3 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/5/2021 | 1,340,951,999 | JPY | 12,135,444 | USD | 264 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/5/2021 | 80,944 | USD | 268,006 | ILS | 575 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Morgan Stanley & Co. International | 4/5/2021 | 12,135,444 | USD | 1,292,487,890 | JPY | $ | 438,340 | $ | — | |||||||||||||||||||
Morgan Stanley & Co. International | 4/6/2021 | 333,654 | SGD | 248,310 | USD | 17 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/6/2021 | 248,310 | USD | 330,245 | SGD | 2,520 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 10,335,650 | AUD | 7,872,768 | USD | — | (561 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 5,547,040 | CHF | 5,893,770 | USD | 286 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 11,993,992 | EUR | 14,096,539 | USD | 284 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 10,197,795 | GBP | 14,071,019 | USD | — | (1,073 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 17,104,456 | SEK | 1,962,301 | USD | 71 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 7,872,768 | USD | 10,169,039 | AUD | 127,462 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 5,893,770 | USD | 5,329,677 | CHF | 230,674 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 14,096,539 | USD | 11,605,051 | EUR | 456,848 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 14,071,019 | USD | 10,062,012 | GBP | 188,414 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 1,962,301 | USD | 16,477,500 | SEK | 71,859 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 19,045,563 | DKK | 3,009,919 | USD | — | (122 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 20,340,620 | HKD | 2,616,268 | USD | 83 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 422,732 | NOK | 49,520 | USD | 1 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 3,009,919 | USD | 18,428,711 | DKK | 97,604 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 2,616,268 | USD | 20,294,783 | HKD | 5,813 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 49,520 | USD | 426,462 | NOK | — | (438 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 7,192,066 | USD | 9,440,761 | AUD | 410 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 6,305,557 | USD | 5,930,187 | CHF | — | (431 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 2,998,436 | USD | 18,964,748 | DKK | 47 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 14,865,078 | USD | 12,640,910 | EUR | — | (696 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 2,738,639 | USD | 21,290,645 | HKD | — | (129 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 90,118 | USD | 300,445 | ILS | — | (4 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 55,259 | USD | 471,720 | NOK | — | (2 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 2,097,079 | USD | 18,274,785 | SEK | — | (113 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 5/5/2021 | 251,143 | USD | 337,524 | SGD | — | (26 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 5/6/2021 | 14,147,888 | USD | 10,252,613 | GBP | 918 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 5/10/2021 | 12,268,914 | USD | 1,355,283,131 | JPY | — | (517 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 347,062 | ILS | 104,078 | USD | — | (1 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 1,724,034,131 | JPY | 15,602,726 | USD | — | (99 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 80,944 | USD | 268,035 | ILS | 566 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 104,078 | USD | 344,640 | ILS | 728 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 15,602,726 | USD | 1,661,657,553 | JPY | 564,611 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 12,135,444 | USD | 1,292,399,301 | JPY | 439,142 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/6/2021 | 428,966 | SGD | 319,267 | USD | — | (2 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/6/2021 | 248,310 | USD | 330,215 | SGD | 2,542 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/6/2021 | 319,267 | USD | 424,577 | SGD | 3,269 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 13,289,610 | AUD | 10,122,138 | USD | — | (30 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 7,131,572 | CHF | 7,577,718 | USD | — | (2 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 15,420,522 | EUR | 18,124,125 | USD | — | (20 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 13,112,484 | GBP | 18,091,321 | USD | 36 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 21,990,534 | SEK | 2,522,967 | USD | — | (22 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 7,872,768 | USD | 10,167,988 | AUD | 128,262 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 10,122,138 | USD | 13,073,137 | AUD | 164,908 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 7,577,718 | USD | 6,853,197 | CHF | 295,792 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 5,893,770 | USD | 5,330,255 | CHF | 230,060 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 18,124,125 | USD | 14,919,554 | EUR | 588,819 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 14,096,539 | USD | 11,604,095 | EUR | 457,970 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| 32 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| 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 | |||||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 14,071,019 | USD | 10,062,371 | GBP | $ | 187,917 | $ | — | |||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 18,091,321 | USD | 12,937,343 | GBP | 241,608 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 1,962,301 | USD | 16,476,835 | SEK | 71,935 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/7/2021 | 2,522,967 | USD | 21,184,574 | SEK | 92,488 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/8/2021 | 24,488,026 | DKK | 3,869,909 | USD | — | (32 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/8/2021 | 26,151,302 | HKD | 3,363,781 | USD | — | (20 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/8/2021 | 543,606 | NOK | 63,682 | USD | — | (1 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/8/2021 | 3,869,909 | USD | 23,695,646 | DKK | 125,252 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/8/2021 | 3,009,919 | USD | 18,429,885 | DKK | 97,418 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/8/2021 | 3,363,781 | USD | 26,092,348 | HKD | 7,603 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/8/2021 | 2,616,268 | USD | 20,294,001 | HKD | 5,914 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/8/2021 | 49,520 | USD | 426,484 | NOK | — | (441 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/8/2021 | 63,682 | USD | 548,452 | NOK | — | (567 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 9,246,952 | USD | 12,138,915 | AUD | — | (67 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 8,107,152 | USD | 7,624,087 | CHF | — | (81 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 3,855,141 | USD | 24,384,742 | DKK | — | (166 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 19,112,247 | USD | 16,252,325 | EUR | — | (570 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 3,521,116 | USD | 27,372,952 | HKD | — | (62 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 115,874 | USD | 386,340 | ILS | — | (13 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 71,053 | USD | 606,542 | NOK | — | (3 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 2,696,245 | USD | 23,495,268 | SEK | — | (43 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/5/2021 | 322,910 | USD | 433,940 | SGD | — | (8 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/6/2021 | 18,190,147 | USD | 13,182,899 | GBP | — | (151 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/10/2021 | 15,774,332 | USD | 1,742,492,655 | JPY | — | (522 | ) | ||||||||||||||||||||
Societe Generale | 4/5/2021 | 269,928 | ILS | 80,944 | USD | 2 | — | |||||||||||||||||||||
Societe Generale | 4/5/2021 | 1,340,990,832 | JPY | 12,135,444 | USD | 615 | — | |||||||||||||||||||||
Societe Generale | 4/5/2021 | 80,944 | USD | 268,039 | ILS | 565 | — | |||||||||||||||||||||
Societe Generale | 4/5/2021 | 12,135,444 | USD | 1,292,485,463 | JPY | 438,362 | — | |||||||||||||||||||||
Societe Generale | 4/6/2021 | 333,632 | SGD | 248,310 | USD | 1 | — | |||||||||||||||||||||
Societe Generale | 4/6/2021 | 248,310 | USD | 330,213 | SGD | 2,544 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 10,336,057 | AUD | 7,872,768 | USD | — | (251 | ) | ||||||||||||||||||||
Societe Generale | 4/7/2021 | 5,546,922 | CHF | 5,893,770 | USD | 161 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 11,994,043 | EUR | 14,096,539 | USD | 344 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 10,198,593 | GBP | 14,071,019 | USD | 28 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 17,104,730 | SEK | 1,962,301 | USD | 103 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 7,872,768 | USD | 10,168,119 | AUD | 128,162 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 5,893,770 | USD | 5,330,208 | CHF | 230,110 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 14,096,539 | USD | 11,604,286 | EUR | 457,746 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 14,071,019 | USD | 10,062,228 | GBP | 188,116 | — | |||||||||||||||||||||
Societe Generale | 4/7/2021 | 1,962,301 | USD | 16,476,794 | SEK | 71,940 | — | |||||||||||||||||||||
Societe Generale | 4/8/2021 | 19,046,647 | DKK | 3,009,919 | USD | 50 | — | |||||||||||||||||||||
Societe Generale | 4/8/2021 | 20,340,516 | HKD | 2,616,268 | USD | 69 | — | |||||||||||||||||||||
Societe Generale | 4/8/2021 | 422,092 | NOK | 49,520 | USD | — | (73 | ) | ||||||||||||||||||||
Societe Generale | 4/8/2021 | 3,009,919 | USD | 18,427,928 | DKK | 97,727 | — | |||||||||||||||||||||
Societe Generale | 4/8/2021 | 2,616,268 | USD | 20,294,155 | HKD | 5,894 | — | |||||||||||||||||||||
Societe Generale | 4/8/2021 | 49,520 | USD | 426,473 | NOK | — | (440 | ) | ||||||||||||||||||||
Societe Generale | 5/5/2021 | 7,192,066 | USD | 9,441,257 | AUD | 33 | — | |||||||||||||||||||||
Societe Generale | 5/5/2021 | 6,305,557 | USD | 5,929,998 | CHF | — | (230 | ) | ||||||||||||||||||||
Societe Generale | 5/5/2021 | 2,998,436 | USD | 18,966,157 | DKK | — | (175 | ) | ||||||||||||||||||||
Societe Generale | 5/5/2021 | 14,865,078 | USD | 12,641,071 | EUR | — | (886 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Societe Generale | 5/5/2021 | 2,738,639 | USD | 21,290,618 | HKD | $ | — | $ | (125 | ) | ||||||||||||||||||
Societe Generale | 5/5/2021 | 90,118 | USD | 300,450 | ILS | — | (5 | ) | ||||||||||||||||||||
Societe Generale | 5/5/2021 | 55,259 | USD | 471,004 | NOK | 81 | — | |||||||||||||||||||||
Societe Generale | 5/5/2021 | 2,097,079 | USD | 18,274,806 | SEK | — | (115 | ) | ||||||||||||||||||||
Societe Generale | 5/5/2021 | 251,143 | USD | 337,491 | SGD | — | (2 | ) | ||||||||||||||||||||
Societe Generale | 5/6/2021 | 14,147,888 | USD | 10,253,504 | GBP | — | (312 | ) | ||||||||||||||||||||
Societe Generale | 5/10/2021 | 12,268,914 | USD | 1,355,322,391 | JPY | — | (872 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/5/2021 | 269,920 | ILS | 80,944 | USD | — | (1 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/5/2021 | 1,340,905,884 | JPY | 12,135,444 | USD | — | (154 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/5/2021 | 80,944 | USD | 268,037 | ILS | 565 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/5/2021 | 12,135,444 | USD | 1,292,546,140 | JPY | 437,813 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/6/2021 | 333,629 | SGD | 248,310 | USD | — | (2 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/6/2021 | 248,310 | USD | 330,216 | SGD | 2,541 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 10,335,691 | AUD | 7,872,768 | USD | — | (530 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 5,546,763 | CHF | 5,893,770 | USD | — | (8 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 11,993,482 | EUR | 14,096,539 | USD | — | (315 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 10,198,194 | GBP | 14,071,019 | USD | — | (523 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 17,103,781 | SEK | 1,962,301 | USD | — | (6 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 7,872,768 | USD | 10,167,646 | AUD | 128,522 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 5,893,770 | USD | 5,330,249 | CHF | 230,066 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 14,096,539 | USD | 11,604,745 | EUR | 457,207 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 14,071,019 | USD | 10,062,163 | GBP | 188,205 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/7/2021 | 1,962,301 | USD | 16,477,088 | SEK | 71,906 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/8/2021 | 19,046,235 | DKK | 3,009,919 | USD | — | (16 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/8/2021 | 20,339,940 | HKD | 2,616,268 | USD | — | (5 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/8/2021 | 422,718 | NOK | 49,520 | USD | — | (0 | )^ | ||||||||||||||||||||
Standard Chartered Bank | 4/8/2021 | 3,009,919 | USD | 18,430,487 | DKK | 97,323 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/8/2021 | 2,616,268 | USD | 20,293,980 | HKD | 5,916 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/8/2021 | 49,520 | USD | 426,478 | NOK | — | (440 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 7,192,066 | USD | 9,441,988 | AUD | — | (524 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 6,305,557 | USD | 5,929,828 | CHF | — | (49 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 2,998,436 | USD | 18,966,187 | DKK | — | (180 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 14,865,078 | USD | 12,641,673 | EUR | — | (1,594 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 2,738,639 | USD | 21,289,865 | HKD | — | (28 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 90,118 | USD | 300,446 | ILS | — | (4 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 55,259 | USD | 471,706 | NOK | — | (1 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 2,097,079 | USD | 18,274,083 | SEK | — | (32 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/5/2021 | 251,143 | USD | 337,503 | SGD | — | (11 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/6/2021 | 14,147,888 | USD | 10,253,683 | GBP | — | (559 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/10/2021 | 12,268,914 | USD | 1,355,402,139 | JPY | — | (1,594 | ) | ||||||||||||||||||||
UBS AG | 4/5/2021 | 269,919 | ILS | 80,944 | USD | — | (1 | ) | ||||||||||||||||||||
UBS AG | 4/5/2021 | 1,340,911,952 | JPY | 12,135,444 | USD | — | (99 | ) | ||||||||||||||||||||
UBS AG | 4/5/2021 | 80,944 | USD | 268,101 | ILS | 546 | — | |||||||||||||||||||||
UBS AG | 4/5/2021 | 12,135,444 | USD | 1,292,424,786 | JPY | 438,911 | — | |||||||||||||||||||||
UBS AG | 4/6/2021 | 333,634 | SGD | 248,310 | USD | 2 | — | |||||||||||||||||||||
UBS AG | 4/6/2021 | 248,310 | USD | 330,285 | SGD | 2,491 | — | |||||||||||||||||||||
UBS AG | 4/7/2021 | 10,336,261 | AUD | 7,872,768 | USD | — | (96 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 5,546,739 | CHF | 5,893,770 | USD | — | (33 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 11,993,706 | EUR | 14,096,539 | USD | — | (51 | ) | ||||||||||||||||||||
UBS AG | 4/7/2021 | 10,198,667 | GBP | 14,071,019 | USD | 130 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| 34 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2021
| 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 | 4/7/2021 | 17,103,971 | SEK | 1,962,301 | USD | $ | 15 | $ | — | |||||||||||||||||||
UBS AG | 4/7/2021 | 7,872,768 | USD | 10,167,857 | AUD | 128,362 | — | |||||||||||||||||||||
UBS AG | 4/7/2021 | 5,893,770 | USD | 5,330,502 | CHF | 229,797 | — | |||||||||||||||||||||
UBS AG | 4/7/2021 | 14,096,539 | USD | 11,604,334 | EUR | 457,690 | — | |||||||||||||||||||||
UBS AG | 4/7/2021 | 14,071,019 | USD | 10,062,443 | GBP | 187,818 | — | |||||||||||||||||||||
UBS AG | 4/7/2021 | 1,962,301 | USD | 16,477,304 | SEK | 71,881 | — | |||||||||||||||||||||
UBS AG | 4/8/2021 | 19,046,138 | DKK | 3,009,919 | USD | — | (31 | ) | ||||||||||||||||||||
UBS AG | 4/8/2021 | 20,340,121 | HKD | 2,616,268 | USD | 18 | — | |||||||||||||||||||||
UBS AG | 4/8/2021 | 422,723 | NOK | 49,520 | USD | 0 | ^ | — | ||||||||||||||||||||
UBS AG | 4/8/2021 | 3,009,919 | USD | 18,431,058 | DKK | 97,233 | — | |||||||||||||||||||||
UBS AG | 4/8/2021 | 2,616,268 | USD | 20,294,443 | HKD | 5,857 | — | |||||||||||||||||||||
UBS AG | 4/8/2021 | 49,520 | USD | 426,499 | NOK | — | (443 | ) | ||||||||||||||||||||
UBS AG | 5/5/2021 | 7,192,066 | USD | 9,441,294 | AUD | 4 | — | |||||||||||||||||||||
UBS AG | 5/5/2021 | 6,305,557 | USD | 5,930,118 | CHF | — | (358 | ) | ||||||||||||||||||||
UBS AG | 5/5/2021 | 2,998,436 | USD | 18,965,653 | DKK | — | (96 | ) | ||||||||||||||||||||
UBS AG | 5/5/2021 | 14,865,078 | USD | 12,640,931 | EUR | — | (722 | ) | ||||||||||||||||||||
UBS AG | 5/5/2021 | 2,738,639 | USD | 21,290,267 | HKD | — | (80 | ) | ||||||||||||||||||||
UBS AG | 5/5/2021 | 90,118 | USD | 300,503 | ILS | — | (21 | ) | ||||||||||||||||||||
UBS AG | 5/5/2021 | 55,259 | USD | 471,706 | NOK | — | (1 | ) | ||||||||||||||||||||
UBS AG | 5/5/2021 | 2,097,079 | USD | 18,274,213 | SEK | — | (47 | ) | ||||||||||||||||||||
UBS AG | 5/5/2021 | 251,143 | USD | 337,495 | SGD | — | (5 | ) | ||||||||||||||||||||
UBS AG | 5/6/2021 | 14,147,888 | USD | 10,253,475 | GBP | — | (271 | ) | ||||||||||||||||||||
UBS AG | 5/10/2021 | 12,268,914 | USD | 1,355,299,080 | JPY | — | (661 | ) | ||||||||||||||||||||
| $ | 23,168,001 | $ | (50,265 | ) | ||||||||||||||||||||||||
| ^ | Amount represents less than $1. |
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 886,677,822 | $ | — | $ | — | $ | 886,677,822 | ||||||||
Exchange-Traded Fund | 1,615,390 | — | — | 1,615,390 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 13,942,780 | — | 13,942,780 | ||||||||||||
Total Investments in Securities | $ | 888,293,212 | $ | 13,942,780 | $ | — | $ | 902,235,992 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 23,168,001 | $ | — | $ | 23,168,001 | ||||||||
Liabilities: |
| |||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (50,265 | ) | $ | — | $ | (50,265 | ) | ||||||
Total – Net | $ | 888,293,212 | $ | 37,060,516 | $ | — | $ | 925,353,728 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 35 |
Table of Contents
Schedule of Investments
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.4% |
| |||||||
| Japan – 98.4% |
| |||||||
| Air Freight & Logistics – 0.1% |
| |||||||
Kintetsu World Express, Inc. | 23,200 | $ | 603,200 | |||||
Mitsui-Soko Holdings Co., Ltd. | 14,700 | 288,413 | ||||||
|
| |||||||
| Total Air Freight & Logistics | 891,613 | |||||||
| Auto Components – 4.8% |
| |||||||
Aisin Seiki Co., Ltd.(a) | 133,708 | 5,082,114 | ||||||
Bridgestone Corp. | 479,285 | 19,409,958 | ||||||
Daikyonishikawa Corp.(a) | 80,700 | 565,265 | ||||||
Denso Corp. | 387,279 | 25,749,673 | ||||||
Eagle Industry Co., Ltd. | 42,200 | 455,225 | ||||||
Exedy Corp. | 46,000 | 696,453 | ||||||
FCC Co., Ltd. | 26,500 | 445,584 | ||||||
G-Tekt Corp. | 25,600 | 348,206 | ||||||
JTEKT Corp. | 273,078 | 2,792,562 | ||||||
Koito Manufacturing Co., Ltd.(a) | 24,201 | 1,625,081 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 19,600 | 335,062 | ||||||
NGK Spark Plug Co., Ltd.(a) | 113,564 | 1,963,989 | ||||||
NHK Spring Co., Ltd.(a) | 61,200 | 459,692 | ||||||
Nifco, Inc.(a) | 41,990 | 1,533,300 | ||||||
NOK Corp. | 58,100 | 789,214 | ||||||
Pacific Industrial Co., Ltd. | 26,000 | 299,059 | ||||||
Shoei Co., Ltd. | 14,000 | 577,738 | ||||||
Stanley Electric Co., Ltd. | 35,507 | 1,058,783 | ||||||
Sumitomo Electric Industries Ltd. | 377,083 | 5,657,951 | ||||||
Sumitomo Riko Co., Ltd. | 54,000 | 348,434 | ||||||
Sumitomo Rubber Industries Ltd. | 141,091 | 1,666,278 | ||||||
Tokai Rika Co., Ltd. | 59,114 | 1,003,601 | ||||||
Topre Corp. | 25,600 | 361,644 | ||||||
Toyo Tire Corp. | 78,500 | 1,390,977 | ||||||
Toyoda Gosei Co., Ltd.(a) | 42,800 | 1,126,357 | ||||||
Toyota Boshoku Corp.(a) | 80,736 | 1,337,076 | ||||||
TPR Co., Ltd. | 25,594 | 371,750 | ||||||
TS Tech Co., Ltd. | 62,864 | 938,124 | ||||||
Yokohama Rubber Co., Ltd. (The) | 121,800 | 2,182,480 | ||||||
|
| |||||||
| Total Auto Components | 80,571,630 | |||||||
| Automobiles – 8.1% |
| |||||||
Honda Motor Co., Ltd. | 976,947 | 29,343,775 | ||||||
Isuzu Motors Ltd. | 456,800 | 4,915,251 | ||||||
Subaru Corp.(a) | 374,367 | 7,467,012 | ||||||
Suzuki Motor Corp. | 163,036 | 7,414,080 | ||||||
Toyota Motor Corp.(a) | 1,050,570 | 81,915,938 | ||||||
Yamaha Motor Co., Ltd. | 179,500 | 4,403,842 | ||||||
|
| |||||||
| Total Automobiles | 135,459,898 | |||||||
| Banks – 10.9% |
| |||||||
Mitsubishi UFJ Financial Group, Inc. | 14,167,122 | 75,861,412 | ||||||
Mizuho Financial Group, Inc.(a) | 2,568,464 | 37,167,185 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 1,589,000 | 57,621,023 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 343,100 | 11,982,108 | ||||||
|
| |||||||
| Total Banks | 182,631,728 | |||||||
| Beverages – 1.5% |
| |||||||
Asahi Group Holdings Ltd. | 248,800 | 10,503,638 | ||||||
Kirin Holdings Co., Ltd. | 524,345 | 10,062,204 | ||||||
Suntory Beverage & Food Ltd. | 104,200 | 3,880,389 | ||||||
Takara Holdings, Inc.(a) | 54,500 | 743,272 | ||||||
|
| |||||||
| Total Beverages | 25,189,503 | |||||||
| Building Products – 1.9% |
| |||||||
AGC, Inc. | 147,047 | 6,161,336 | ||||||
Aica Kogyo Co., Ltd. | 50,500 | 1,823,484 | ||||||
Central Glass Co., Ltd. | 23,200 | 494,653 | ||||||
Daikin Industries Ltd. | 60,449 | 12,210,151 | ||||||
Lixil Corp. | 169,300 | 4,711,290 | ||||||
Nitto Boseki Co., Ltd.(a) | 7,100 | 258,620 | ||||||
Noritz Corp. | 25,600 | 408,673 | ||||||
Okabe Co., Ltd. | 16,000 | 112,941 | ||||||
Sanwa Holdings Corp. | 170,831 | 2,240,128 | ||||||
TOTO Ltd. | 57,200 | 3,520,000 | ||||||
|
| |||||||
| Total Building Products | 31,941,276 | |||||||
| Capital Markets – 1.1% |
| |||||||
Monex Group, Inc.(a) | 112,400 | 950,060 | ||||||
Nomura Holdings, Inc. | 2,487,245 | 13,086,735 | ||||||
SBI Holdings, Inc. | 159,900 | 4,341,177 | ||||||
Sparx Group Co., Ltd. | 112,600 | 303,663 | ||||||
|
| |||||||
| Total Capital Markets | 18,681,635 | |||||||
| Chemicals – 7.1% |
| |||||||
ADEKA Corp. | 88,400 | 1,737,600 | ||||||
Arakawa Chemical Industries Ltd. | 25,600 | 305,810 | ||||||
Asahi Kasei Corp. | 844,222 | 9,737,203 | ||||||
Chugoku Marine Paints Ltd. | 66,600 | 599,701 | ||||||
Daicel Corp.(a) | 241,942 | 1,865,471 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 17,100 | 382,390 | ||||||
Denka Co., Ltd. | 56,615 | 2,264,600 | ||||||
DIC Corp. | 56,053 | 1,454,334 | ||||||
Fujimi, Inc. | 22,000 | 859,095 | ||||||
Fujimori Kogyo Co., Ltd. | 12,900 | 525,339 | ||||||
Fuso Chemical Co., Ltd. | 11,000 | 404,661 | ||||||
JCU Corp. | 12,500 | 471,719 | ||||||
JSP Corp.(a) | 25,400 | 427,547 | ||||||
JSR Corp. | 95,100 | 2,874,516 | ||||||
Kaneka Corp. | 35,000 | 1,441,176 | ||||||
Kansai Paint Co., Ltd. | 72,700 | 1,944,149 | ||||||
KH Neochem Co., Ltd. | 9,400 | 238,020 | ||||||
Kumiai Chemical Industry Co., Ltd.(a) | 25,600 | 232,601 | ||||||
Kuraray Co., Ltd. | 261,837 | 2,992,761 | ||||||
Kureha Corp. | 16,700 | 1,154,643 | ||||||
Lintec Corp. | 64,547 | 1,462,676 | ||||||
Mitsubishi Chemical Holdings Corp. | 1,040,963 | 7,818,056 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 132,782 | 3,261,270 | ||||||
Mitsui Chemicals, Inc. | 126,815 | 4,011,026 | ||||||
Moriroku Holdings Co., Ltd. | 26,000 | 531,294 | ||||||
Nihon Parkerizing Co., Ltd. | 42,700 | 461,778 | ||||||
Nippon Kayaku Co., Ltd. | 97,600 | 944,203 | ||||||
See Notes to Financial Statements.
| 36 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2021
| Investments | Shares | Value | ||||||
Nippon Paint Holdings Co., Ltd.(a) | 124,800 | $ | 1,801,412 | |||||
Nippon Sanso Holdings Corp.(a) | 133,153 | 2,535,330 | ||||||
Nippon Shokubai Co., Ltd. | 21,200 | 1,216,362 | ||||||
Nippon Soda Co., Ltd. | 24,400 | 771,747 | ||||||
Nissan Chemical Corp. | 63,353 | 3,388,382 | ||||||
Nitto Denko Corp.(a) | 107,874 | 9,235,186 | ||||||
NOF Corp. | 42,600 | 2,232,163 | ||||||
Okamoto Industries, Inc. | 14,100 | 536,566 | ||||||
Osaka Soda Co., Ltd. | 25,600 | 610,925 | ||||||
Riken Technos Corp. | 9,900 | 46,230 | ||||||
Sakata INX Corp. | 16,600 | 159,841 | ||||||
Sanyo Chemical Industries Ltd. | 21,700 | 1,099,728 | ||||||
Shikoku Chemicals Corp. | 25,600 | 293,068 | ||||||
Shin-Etsu Chemical Co., Ltd. | 107,679 | 18,134,898 | ||||||
Shin-Etsu Polymer Co., Ltd. | 43,500 | 390,516 | ||||||
Sumitomo Bakelite Co., Ltd. | 16,600 | 679,774 | ||||||
Sumitomo Chemical Co., Ltd.(a) | 988,385 | 5,125,291 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 12,800 | 467,982 | ||||||
T Hasegawa Co., Ltd. | 23,400 | 447,882 | ||||||
Taiyo Holdings Co., Ltd. | 20,026 | 1,092,822 | ||||||
Takasago International Corp. | 18,800 | 447,287 | ||||||
Tayca Corp. | 21,000 | 282,597 | ||||||
Teijin Ltd. | 122,100 | 2,107,192 | ||||||
Tokai Carbon Co., Ltd. | 114,100 | 1,845,219 | ||||||
Tokuyama Corp. | 32,900 | 831,581 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 15,900 | 995,728 | ||||||
Toray Industries, Inc. | 706,918 | 4,558,182 | ||||||
Tosoh Corp.(a) | 177,807 | 3,408,102 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 41,300 | 759,098 | ||||||
Toyobo Co., Ltd. | 34,651 | 446,543 | ||||||
Ube Industries Ltd. | 85,000 | 1,813,846 | ||||||
Valqua Ltd. | 15,700 | 302,776 | ||||||
Zeon Corp. | 60,700 | 971,749 | ||||||
|
| |||||||
| Total Chemicals | 119,439,644 | |||||||
| Commercial Services & Supplies – 0.1% |
| |||||||
Mitsubishi Pencil Co., Ltd. | 25,600 | 370,215 | ||||||
Pilot Corp. | 22,000 | 702,806 | ||||||
Sato Holdings Corp. | 26,000 | 678,353 | ||||||
|
| |||||||
| Total Commercial Services & Supplies | 1,751,374 | |||||||
| Construction & Engineering – 0.8% |
| |||||||
JGC Holdings Corp. | 68,900 | 845,506 | ||||||
Kajima Corp. | 402,500 | 5,722,421 | ||||||
Obayashi Corp. | 456,400 | 4,192,271 | ||||||
Penta-Ocean Construction Co., Ltd. | 266,100 | 2,092,678 | ||||||
Taikisha Ltd. | 33,200 | 911,873 | ||||||
|
| |||||||
| Total Construction & Engineering | 13,764,749 | |||||||
| Construction Materials – 0.1% |
| |||||||
Krosaki Harima Corp. | 11,800 | 522,724 | ||||||
Taiheiyo Cement Corp. | 52,200 | 1,375,151 | ||||||
|
| |||||||
| Total Construction Materials | 1,897,875 | |||||||
| Consumer Finance – 0.4% |
| |||||||
Acom Co., Ltd.(a) | 335,400 | 1,563,176 | ||||||
AEON Financial Service Co., Ltd.(a) | 168,600 | 2,265,801 | ||||||
Hitachi Capital Corp. | 86,900 | 2,679,194 | ||||||
|
| |||||||
| Total Consumer Finance | 6,508,171 | |||||||
| Containers & Packaging – 0.1% |
| |||||||
Fuji Seal International, Inc. | 14,882 | 333,195 | ||||||
Toyo Seikan Group Holdings Ltd.(a) | 59,100 | 703,852 | ||||||
|
| |||||||
| Total Containers & Packaging | 1,037,047 | |||||||
| Diversified Financial Services – 0.3% |
| |||||||
Mitsubishi UFJ Lease & Finance Co., Ltd.(a) | 850,400 | 5,140,880 | ||||||
| Electrical Equipment – 1.9% |
| |||||||
Daihen Corp. | 15,800 | 695,629 | ||||||
Denyo Co., Ltd.(a) | 23,000 | 435,439 | ||||||
Fuji Electric Co., Ltd. | 63,373 | 2,643,887 | ||||||
Furukawa Electric Co., Ltd.(a) | 36,881 | 991,281 | ||||||
GS Yuasa Corp.(a) | 42,284 | 1,147,982 | ||||||
Idec Corp. | 23,400 | 375,882 | ||||||
Mabuchi Motor Co., Ltd. | 32,600 | 1,435,285 | ||||||
Mitsubishi Electric Corp. | 962,214 | 14,685,737 | ||||||
Nidec Corp. | 54,416 | 6,616,099 | ||||||
Nippon Carbon Co., Ltd. | 11,400 | 479,213 | ||||||
Nissin Electric Co., Ltd. | 50,300 | 566,273 | ||||||
Sanyo Denki Co., Ltd. | 8,500 | 453,077 | ||||||
Sinfonia Technology Co., Ltd. | 26,000 | 309,412 | ||||||
Toyo Tanso Co., Ltd. | 14,700 | 285,220 | ||||||
|
| |||||||
| Total Electrical Equipment | 31,120,416 | |||||||
| Electronic Equipment, Instruments & Components – 4.8% |
| |||||||
Ai Holdings Corp. | 26,000 | 516,000 | ||||||
Alps Alpine Co., Ltd.(a) | 51,100 | 675,167 | ||||||
Amano Corp. | 36,833 | 895,992 | ||||||
Anritsu Corp.(a) | 49,900 | 1,091,026 | ||||||
Canon Electronics, Inc. | 25,600 | 398,943 | ||||||
Dexerials Corp. | 47,800 | 818,440 | ||||||
ESPEC Corp. | 25,600 | 428,366 | ||||||
Hakuto Co., Ltd. | 25,619 | 296,763 | ||||||
Hamamatsu Photonics K.K. | 22,600 | 1,337,593 | ||||||
Hirose Electric Co., Ltd. | 11,260 | 1,734,346 | ||||||
Hitachi Ltd. | 443,805 | 20,097,740 | ||||||
Horiba Ltd. | 16,500 | 1,042,262 | ||||||
Ibiden Co., Ltd. | 19,601 | 902,888 | ||||||
Iriso Electronics Co., Ltd. | 5,000 | 223,303 | ||||||
Japan Aviation Electronics Industry Ltd. | 30,900 | 500,552 | ||||||
Kaga Electronics Co., Ltd. | 25,600 | 574,552 | ||||||
Keyence Corp. | 16,640 | 7,570,071 | ||||||
Kyosan Electric Manufacturing Co., Ltd.(a) | 69,200 | 258,013 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 40,300 | 805,635 | ||||||
Murata Manufacturing Co., Ltd. | 243,968 | 19,521,856 | ||||||
Nichicon Corp. | 37,300 | 378,401 | ||||||
Nippon Electric Glass Co., Ltd. | 88,860 | 2,062,678 | ||||||
Nissha Co., Ltd. | 25,600 | 317,394 | ||||||
Oki Electric Industry Co., Ltd. | 83,330 | 867,235 | ||||||
Omron Corp. | 55,400 | 4,331,728 | ||||||
Optex Group Co., Ltd. | 15,200 | 226,968 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2021
| Investments | Shares | Value | ||||||
Restar Holdings Corp. | 26,000 | $ | 480,000 | |||||
Riken Keiki Co., Ltd. | 15,500 | 386,448 | ||||||
Ryoden Corp.(a) | 26,000 | 388,000 | ||||||
Ryosan Co., Ltd. | 25,645 | 524,272 | ||||||
Sanshin Electronics Co., Ltd. | 25,954 | 470,930 | ||||||
Shimadzu Corp. | 44,400 | 1,609,249 | ||||||
Siix Corp. | 24,200 | 357,415 | ||||||
Taiyo Yuden Co., Ltd. | 25,800 | 1,214,118 | ||||||
TDK Corp. | 30,768 | 4,268,538 | ||||||
Tokyo Electron Device Ltd. | 8,700 | 306,665 | ||||||
V Technology Co., Ltd.(a) | 6,200 | 305,792 | ||||||
Yokogawa Electric Corp. | 104,038 | 1,918,818 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 80,104,157 | ||||||
| Entertainment – 3.0% |
| |||||||
Capcom Co., Ltd. | 48,600 | 1,581,149 | ||||||
GungHo Online Entertainment, Inc. | 17,249 | 341,234 | ||||||
Koei Tecmo Holdings Co., Ltd. | 49,722 | 2,234,115 | ||||||
Konami Holdings Corp. | 18,500 | 1,103,303 | ||||||
Nexon Co., Ltd. | 37,400 | 1,215,077 | ||||||
Nintendo Co., Ltd. | 73,000 | 40,833,756 | ||||||
Square Enix Holdings Co., Ltd. | 25,600 | 1,424,796 | ||||||
Toei Animation Co., Ltd.(a) | 10,800 | 1,158,190 | ||||||
|
| |||||||
| Total Entertainment | 49,891,620 | |||||||
| Food & Staples Retailing – 1.1% |
| |||||||
Ministop Co., Ltd. | 25,600 | 337,549 | ||||||
Seven & I Holdings Co., Ltd. | 455,324 | 18,390,145 | ||||||
|
| |||||||
| Total Food & Staples Retailing | 18,727,694 | |||||||
| Food Products – 0.9% |
| |||||||
Ajinomoto Co., Inc. | 142,913 | 2,930,040 | ||||||
Ariake Japan Co., Ltd. | 10,000 | 607,240 | ||||||
Fuji Oil Holdings, Inc.(a) | 34,600 | 924,650 | ||||||
Kagome Co., Ltd. | 18,900 | 601,208 | ||||||
Kikkoman Corp.(a) | 25,400 | 1,514,805 | ||||||
Nippon Suisan Kaisha Ltd. | 94,800 | 456,413 | ||||||
Nisshin Seifun Group, Inc. | 103,300 | 1,729,457 | ||||||
Nissin Foods Holdings Co., Ltd. | 32,900 | 2,444,425 | ||||||
Riken Vitamin Co., Ltd. | 21,000 | 259,412 | ||||||
Sakata Seed Corp. | 11,839 | 438,204 | ||||||
Toyo Suisan Kaisha Ltd. | 38,900 | 1,636,968 | ||||||
Yakult Honsha Co., Ltd. | 41,887 | 2,122,780 | ||||||
|
| |||||||
| Total Food Products | 15,665,602 | |||||||
| Health Care Equipment & Supplies – 1.1% |
| |||||||
Asahi Intecc Co., Ltd. | 11,800 | 325,701 | ||||||
Hoya Corp. | 45,657 | 5,373,478 | ||||||
Jeol Ltd. | 10,200 | 405,231 | ||||||
Mani, Inc. | 12,300 | 309,448 | ||||||
Nakanishi, Inc. | 23,400 | 488,118 | ||||||
Nihon Kohden Corp. | 22,100 | 646,000 | ||||||
Nipro Corp.(a) | 25,900 | 313,378 | ||||||
Olympus Corp. | 121,300 | 2,514,917 | ||||||
Sysmex Corp. | 38,360 | 4,139,756 | ||||||
Terumo Corp. | 91,712 | 3,319,061 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies | 17,835,088 | |||||||
| Health Care Technology – 0.1% |
| |||||||
M3, Inc. | 22,300 | 1,527,903 | ||||||
| Hotels, Restaurants & Leisure – 0.0% |
| |||||||
Saizeriya Co., Ltd. | 4,800 | 98,824 | ||||||
| Household Durables – 2.5% |
| |||||||
Casio Computer Co., Ltd.(a) | 89,657 | 1,691,718 | ||||||
Fujitsu General Ltd. | 25,600 | 714,715 | ||||||
Panasonic Corp. | 1,165,270 | 15,011,419 | ||||||
Rinnai Corp. | 13,100 | 1,468,860 | ||||||
Sekisui Chemical Co., Ltd. | 212,500 | 4,086,539 | ||||||
Sharp Corp.(a) | 137,200 | 2,371,511 | ||||||
Sony Corp. | 131,000 | 13,746,109 | ||||||
Sumitomo Forestry Co., Ltd. | 61,100 | 1,319,318 | ||||||
Tamron Co., Ltd. | 23,100 | 450,711 | ||||||
Toa Corp. | 25,600 | 223,102 | ||||||
Zojirushi Corp. | 22,400 | 392,253 | ||||||
|
| |||||||
| Total Household Durables | 41,476,255 | |||||||
| Household Products – 0.3% |
| |||||||
Lion Corp. | 49,800 | 973,015 | ||||||
Pigeon Corp. | 35,100 | 1,334,118 | ||||||
Unicharm Corp. | 63,300 | 2,660,891 | ||||||
|
| |||||||
| Total Household Products | 4,968,024 | |||||||
| Independent Power & Renewable Electricity Producers – 0.2% |
| |||||||
Electric Power Development Co., Ltd.(a) | 157,000 | 2,747,855 | ||||||
| Industrial Conglomerates – 0.2% |
| |||||||
Nisshinbo Holdings, Inc. | 135,124 | 1,007,621 | ||||||
Toshiba Corp. | 59,900 | 2,027,385 | ||||||
|
| |||||||
| Total Industrial Conglomerates | 3,035,006 | |||||||
| Insurance – 2.8% |
| |||||||
Dai-ichi Life Holdings, Inc. | 799,300 | 13,758,087 | ||||||
Sompo Holdings, Inc.(a) | 250,700 | 9,624,157 | ||||||
Tokio Marine Holdings, Inc. | 499,900 | 23,818,765 | ||||||
|
| |||||||
| Total Insurance | 47,201,009 | |||||||
| Internet & Direct Marketing Retail – 0.1% |
| |||||||
Rakuten, Inc. | 113,100 | 1,350,035 | ||||||
| IT Services – 1.4% |
| |||||||
Fujitsu Ltd. | 82,732 | 11,979,294 | ||||||
NEC Corp. | 99,300 | 5,859,149 | ||||||
NTT Data Corp.(a) | 352,000 | 5,456,797 | ||||||
|
| |||||||
| Total IT Services | 23,295,240 | |||||||
| Leisure Products – 0.8% |
| |||||||
Bandai Namco Holdings, Inc. | 61,500 | 4,392,937 | ||||||
Mizuno Corp. | 26,000 | 511,529 | ||||||
Sega Sammy Holdings, Inc. | 137,400 | 2,147,419 | ||||||
Shimano, Inc. | 15,600 | 3,723,529 | ||||||
Tomy Co., Ltd. | 43,400 | 394,724 | ||||||
Yamaha Corp. | 43,207 | 2,349,992 | ||||||
|
| |||||||
| Total Leisure Products | 13,520,130 | |||||||
See Notes to Financial Statements.
| 38 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2021
| Investments | Shares | Value | ||||||
| Machinery – 5.1% |
| |||||||
Aida Engineering Ltd. | 43,900 | $ | 394,901 | |||||
Amada Co., Ltd. | 260,993 | 2,914,619 | ||||||
Anest Iwata Corp. | 25,600 | 239,319 | ||||||
CKD Corp. | 17,500 | 365,362 | ||||||
Daifuku Co., Ltd.(a) | 21,600 | 2,118,950 | ||||||
DMG Mori Co., Ltd. | 56,400 | 925,879 | ||||||
Ebara Corp. | 33,631 | 1,374,154 | ||||||
FANUC Corp. | 37,289 | 8,836,312 | ||||||
Fujitec Co., Ltd. | 43,800 | 934,664 | ||||||
Furukawa Co., Ltd. | 25,600 | 309,517 | ||||||
Glory Ltd. | 25,800 | 555,692 | ||||||
Harmonic Drive Systems, Inc.(a) | 4,400 | 297,846 | ||||||
Hitachi Construction Machinery Co., Ltd. | 43,900 | 1,408,376 | ||||||
Hitachi Zosen Corp.(a) | 112,800 | 913,629 | ||||||
Hokuetsu Industries Co., Ltd. | 25,600 | 251,135 | ||||||
Hoshizaki Corp. | 16,069 | 1,436,758 | ||||||
Iseki & Co., Ltd.* | 25,600 | 382,031 | ||||||
Japan Steel Works Ltd. (The) | 20,500 | 487,362 | ||||||
Juki Corp. | 34,300 | 276,262 | ||||||
Kito Corp.(a) | 26,000 | 429,412 | ||||||
Kitz Corp. | 36,900 | 214,053 | ||||||
Komatsu Ltd. | 397,406 | 12,296,209 | ||||||
Kubota Corp. | 401,002 | 9,143,208 | ||||||
Kurita Water Industries Ltd. | 39,000 | 1,674,706 | ||||||
Makita Corp.(a) | 51,738 | 2,221,691 | ||||||
Meidensha Corp. | 20,900 | 455,261 | ||||||
MINEBEA MITSUMI, Inc. | 103,401 | 2,647,253 | ||||||
MISUMI Group, Inc. | 22,500 | 654,638 | ||||||
Mitsubishi Heavy Industries Ltd. | 192,719 | 6,015,274 | ||||||
Mitsubishi Logisnext Co., Ltd. | 24,200 | 283,830 | ||||||
Mitsuboshi Belting Ltd. | 25,600 | 412,612 | ||||||
Miura Co., Ltd. | 21,200 | 1,147,294 | ||||||
Nabtesco Corp. | 43,500 | 1,991,946 | ||||||
Nachi-Fujikoshi Corp. | 12,400 | 540,326 | ||||||
NGK Insulators Ltd. | 122,675 | 2,247,006 | ||||||
Nikkiso Co., Ltd. | 36,900 | 376,347 | ||||||
Nippon Thompson Co., Ltd. | 25,600 | 153,368 | ||||||
Nissei ASB Machine Co., Ltd. | 6,300 | 299,891 | ||||||
Nitta Corp. | 26,000 | 619,765 | ||||||
NSK Ltd. | 174,966 | 1,797,162 | ||||||
Obara Group, Inc.(a) | 14,400 | 493,249 | ||||||
Oiles Corp.(a) | 25,600 | 392,456 | ||||||
OKUMA Corp. | 9,500 | 545,928 | ||||||
Organo Corp. | 8,000 | 480,724 | ||||||
OSG Corp. | 40,524 | 722,831 | ||||||
Shibaura Machine Co., Ltd. | 25,900 | 655,118 | ||||||
Shibuya Corp. | 16,200 | 520,452 | ||||||
Shinmaywa Industries Ltd. | 58,000 | 536,434 | ||||||
SMC Corp. | 7,951 | 4,627,410 | ||||||
Star Micronics Co., Ltd.(a) | 25,600 | 382,262 | ||||||
Sumitomo Heavy Industries Ltd.(a) | 38,037 | 1,058,496 | ||||||
Takeuchi Manufacturing Co., Ltd. | 13,500 | 378,122 | ||||||
THK Co., Ltd. | 12,779 | 442,928 | ||||||
Tsubakimoto Chain Co. | 23,500 | 648,643 | ||||||
Tsugami Corp. | 20,000 | 300,995 | ||||||
Union Tool Co. | 11,800 | 375,891 | ||||||
YAMABIKO Corp. | 25,600 | 284,496 | ||||||
Yaskawa Electric Corp.(a) | 40,600 | 2,024,489 | ||||||
|
| |||||||
| Total Machinery | 84,914,944 | |||||||
| Marine – 0.2% |
| |||||||
Iino Kaiun Kaisha Ltd. | 109,600 | 525,683 | ||||||
Nippon Yusen K.K. | 92,200 | 3,149,819 | ||||||
NS United Kaiun Kaisha Ltd. | 25,600 | 436,706 | ||||||
|
| |||||||
| Total Marine | 4,112,208 | |||||||
| Media – 0.3% |
| |||||||
Dentsu Group, Inc. | 153,700 | 4,937,873 | ||||||
| Metals & Mining – 0.7% |
| |||||||
Asahi Holdings, Inc. | 80,000 | 1,533,394 | ||||||
Daido Steel Co., Ltd. | 19,900 | 920,262 | ||||||
Daiki Aluminium Industry Co., Ltd. | 42,500 | 412,308 | ||||||
Dowa Holdings Co., Ltd. | 31,400 | 1,308,570 | ||||||
Kyoei Steel Ltd. | 39,900 | 599,403 | ||||||
Maruichi Steel Tube Ltd. | 45,300 | 1,035,136 | ||||||
Mitsubishi Materials Corp. | 44,800 | 1,047,631 | ||||||
Mitsui Mining & Smelting Co., Ltd.(a) | 25,600 | 889,629 | ||||||
Nippon Yakin Kogyo Co., Ltd. | 7,510 | 139,665 | ||||||
Sumitomo Metal Mining Co., Ltd. | 73,500 | 3,178,792 | ||||||
UACJ Corp.* | 19,500 | 470,823 | ||||||
|
| |||||||
| Total Metals & Mining | 11,535,613 | |||||||
| Multiline Retail – 0.1% |
| |||||||
Ryohin Keikaku Co., Ltd. | 50,700 | 1,201,200 | ||||||
| Oil, Gas & Consumable Fuels – 2.0% |
| |||||||
ENEOS Holdings, Inc. | 3,399,000 | 15,429,307 | ||||||
Idemitsu Kosan Co., Ltd.(a) | 336,300 | 8,685,974 | ||||||
Inpex Corp. | 1,477,000 | 10,105,086 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels | 34,220,367 | |||||||
| Paper & Forest Products – 0.2% |
| |||||||
Hokuetsu Corp. | 106,900 | 501,124 | ||||||
Oji Holdings Corp. | 518,600 | 3,360,340 | ||||||
|
| |||||||
| Total Paper & Forest Products | 3,861,464 | |||||||
| Personal Products – 1.2% |
| |||||||
Kao Corp. | 219,280 | 14,512,169 | ||||||
Kose Corp. | 13,200 | 1,870,697 | ||||||
Mandom Corp. | 25,400 | 479,956 | ||||||
Rohto Pharmaceutical Co., Ltd. | 22,600 | 603,962 | ||||||
Shiseido Co., Ltd. | 51,522 | 3,460,600 | ||||||
|
| |||||||
| Total Personal Products | 20,927,384 | |||||||
| Pharmaceuticals – 9.1% |
| |||||||
Astellas Pharma, Inc. | 912,304 | 14,051,958 | ||||||
Chugai Pharmaceutical Co., Ltd. | 578,100 | 23,484,985 | ||||||
Daiichi Sankyo Co., Ltd. | 515,963 | 15,058,649 | ||||||
Eisai Co., Ltd. | 145,477 | 9,767,365 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 24,400 | 1,592,072 | ||||||
Kyowa Kirin Co., Ltd. | 152,870 | 4,579,183 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2021
| Investments | Shares | Value | ||||||
Nichi-iko Pharmaceutical Co., Ltd.(a) | 31,800 | $ | 286,344 | |||||
Ono Pharmaceutical Co., Ltd. | 191,100 | 4,998,000 | ||||||
Otsuka Holdings Co., Ltd. | 356,900 | 15,138,374 | ||||||
Santen Pharmaceutical Co., Ltd. | 97,500 | 1,343,824 | ||||||
Sawai Pharmaceutical Co., Ltd. | 30,200 | 1,449,873 | ||||||
Shionogi & Co., Ltd. | 116,977 | 6,300,879 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. | 163,500 | 2,851,262 | ||||||
Takeda Pharmaceutical Co., Ltd. | 1,418,863 | 51,168,951 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 25,600 | 487,211 | ||||||
|
| |||||||
| Total Pharmaceuticals | 152,558,930 | |||||||
| Professional Services – 0.7% |
| |||||||
BeNEXT Group, Inc.(a) | 31,700 | 505,192 | ||||||
Outsourcing, Inc. | 56,400 | 910,567 | ||||||
Persol Holdings Co., Ltd. | 65,900 | 1,290,566 | ||||||
Recruit Holdings Co., Ltd. | 167,600 | 8,191,924 | ||||||
Weathernews, Inc. | 4,600 | 219,385 | ||||||
|
| |||||||
| Total Professional Services | 11,117,634 | |||||||
| Road & Rail – 0.3% |
| |||||||
Hitachi Transport System Ltd. | 33,200 | 1,117,683 | ||||||
Nippon Express Co., Ltd. | 64,100 | 4,779,946 | ||||||
|
| |||||||
| Total Road & Rail | 5,897,629 | |||||||
| Semiconductors & Semiconductor Equipment – 3.5% |
| |||||||
Advantest Corp. | 49,000 | 4,292,489 | ||||||
Disco Corp. | 9,800 | 3,081,900 | ||||||
Ferrotec Holdings Corp. | 14,200 | 283,872 | ||||||
Lasertec Corp. | 10,800 | 1,419,149 | ||||||
Optorun Co., Ltd. | 21,300 | 528,741 | ||||||
Rohm Co., Ltd. | 32,700 | 3,198,977 | ||||||
SCREEN Holdings Co., Ltd.(a) | 4,960 | 437,198 | ||||||
Shibaura Mechatronics Corp.(a) | 8,900 | 447,014 | ||||||
Shinko Electric Industries Co., Ltd. | 35,259 | 1,092,869 | ||||||
SUMCO Corp. | 80,300 | 1,835,636 | ||||||
Tokyo Electron Ltd. | 93,453 | 39,571,637 | ||||||
Tokyo Seimitsu Co., Ltd. | 15,700 | 716,091 | ||||||
Ulvac, Inc. | 17,400 | 733,005 | ||||||
Yamaichi Electronics Co., Ltd.(a) | 18,600 | 252,152 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 57,890,730 | ||||||
| Software – 0.3% |
| |||||||
Trend Micro, Inc. | 97,808 | 4,903,677 | ||||||
| Specialty Retail – 0.7% |
| |||||||
ABC-Mart, Inc. | 44,100 | 2,490,353 | ||||||
Fast Retailing Co., Ltd. | 11,600 | 9,251,656 | ||||||
IDOM, Inc. | 30,400 | 198,356 | ||||||
VT Holdings Co., Ltd. | 121,400 | 489,995 | ||||||
|
| |||||||
| Total Specialty Retail | 12,430,360 | |||||||
| Technology Hardware, Storage & Peripherals – 3.2% |
| |||||||
Brother Industries Ltd. | 130,943 | 2,902,076 | ||||||
Canon, Inc. | 1,483,397 | 33,594,579 | ||||||
Eizo Corp. | 8,800 | 332,489 | ||||||
FUJIFILM Holdings Corp. | 155,295 | 9,234,782 | ||||||
MCJ Co., Ltd. | 61,800 | 538,583 | ||||||
Seiko Epson Corp.(a) | 371,100 | 6,045,068 | ||||||
Wacom Co., Ltd. | 35,400 | 238,029 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 52,885,606 | ||||||
| Textiles, Apparel & Luxury Goods – 0.2% |
| |||||||
Asics Corp. | 40,692 | 649,967 | ||||||
Kurabo Industries Ltd. | 17,947 | 311,514 | ||||||
Onward Holdings Co., Ltd. | 302,200 | 853,271 | ||||||
Seiko Holdings Corp. | 35,900 | 609,813 | ||||||
Seiren Co., Ltd.(a) | 25,610 | 451,014 | ||||||
Wacoal Holdings Corp. | 25,600 | 568,760 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods | 3,444,339 | |||||||
| Tobacco – 3.0% |
| |||||||
Japan Tobacco, Inc. | 2,653,331 | 51,025,596 | ||||||
| Trading Companies & Distributors – 8.0% |
| |||||||
Alconix Corp. | 26,000 | 389,177 | ||||||
Hanwa Co., Ltd. | 25,600 | 786,534 | ||||||
Inabata & Co., Ltd. | 44,586 | 668,992 | ||||||
ITOCHU Corp.(a) | 1,392,794 | 45,212,236 | ||||||
Marubeni Corp.(a) | 1,314,978 | 10,957,753 | ||||||
Mitsubishi Corp. | 1,487,100 | 42,123,285 | ||||||
Nagase & Co., Ltd. | 104,000 | 1,627,294 | ||||||
Nippon Steel Trading Corp. | 25,600 | 939,439 | ||||||
Sanyo Trading Co., Ltd. | 25,800 | 269,207 | ||||||
Sojitz Corp.(a) | 1,258,321 | 3,552,906 | ||||||
Sumitomo Corp. | 1,269,177 | 18,113,051 | ||||||
Toyota Tsusho Corp. | 208,110 | 8,748,153 | ||||||
|
| |||||||
| Total Trading Companies & Distributors | 133,388,027 | |||||||
| Transportation Infrastructure – 0.0% |
| |||||||
Nissin Corp. | 25,600 | 336,854 | ||||||
| Wireless Telecommunication Services – 1.1% |
| |||||||
SoftBank Group Corp. | 224,600 | 18,963,964 | ||||||
TOTAL COMMON STOCKS (Cost: $1,575,223,518) |
| 1,648,026,280 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.2% |
| |||||||
| United States – 2.2% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $37,359,605) | 37,359,605 | 37,359,605 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.6% (Cost: $1,612,583,123) |
| 1,685,385,885 | ||||||
Other Assets less Liabilities – (0.6)% |
| (10,627,154 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 1,674,758,731 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $173,972,974 and the total market value of the collateral held by the Fund was $183,866,238. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $146,506,633. |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
See Notes to Financial Statements.
| 40 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2021
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 1,882,671,387 | JPY | 17,677,815 | USD | $ | — | $ | (639,510 | ) | ||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 1,597,747,490 | JPY | 14,731,513 | USD | — | (271,789 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 12,420,730,265 | JPY | 112,401,442 | USD | 7,019 | — | |||||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 108,070,377 | USD | 11,509,830,168 | JPY | 3,905,624 | — | |||||||||||||||||||||
Bank of America N.A. | 5/10/2021 | 117,937,947 | USD | 13,028,522,448 | JPY | — | (9,771 | ) | ||||||||||||||||||||
Bank of Montreal | 4/5/2021 | 12,420,100,817 | JPY | 112,401,442 | USD | 1,322 | — | |||||||||||||||||||||
Bank of Montreal | 4/5/2021 | 108,070,377 | USD | 11,509,473,536 | JPY | 3,908,852 | — | |||||||||||||||||||||
Bank of Montreal | 5/10/2021 | 117,937,947 | USD | 13,027,861,996 | JPY | — | (3,792 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/5/2021 | 12,420,606,624 | JPY | 112,401,442 | USD | 5,900 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/5/2021 | 108,070,377 | USD | 11,509,884,203 | JPY | 3,905,135 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/10/2021 | 117,937,947 | USD | 13,028,628,592 | JPY | — | (10,732 | ) | ||||||||||||||||||||
Citibank N.A. | 4/5/2021 | 1,929,019,082 | JPY | 17,677,815 | USD | — | (220,060 | ) | ||||||||||||||||||||
Citibank N.A. | 4/5/2021 | 12,419,932,215 | JPY | 112,401,442 | USD | — | (203 | ) | ||||||||||||||||||||
Citibank N.A. | 4/5/2021 | 108,070,377 | USD | 11,509,657,256 | JPY | 3,907,189 | — | |||||||||||||||||||||
Citibank N.A. | 5/10/2021 | 117,937,947 | USD | 13,028,097,871 | JPY | — | (5,928 | ) | ||||||||||||||||||||
Citibank N.A. | 5/10/2021 | 12,365,709 | USD | 1,365,961,969 | JPY | — | (398 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 4/5/2021 | 12,420,730,265 | JPY | 112,401,442 | USD | 7,019 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/5/2021 | 17,677,815 | USD | 1,890,251,634 | JPY | 570,908 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/5/2021 | 23,570,420 | USD | 2,568,254,176 | JPY | 327,544 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 5/10/2021 | 117,937,947 | USD | 13,028,557,829 | JPY | — | (10,092 | ) | ||||||||||||||||||||
Credit Suisse International | 4/5/2021 | 12,419,684,932 | JPY | 112,401,442 | USD | — | (2,441 | ) | ||||||||||||||||||||
Credit Suisse International | 4/5/2021 | 108,070,377 | USD | 11,510,327,292 | JPY | 3,901,125 | — | |||||||||||||||||||||
Credit Suisse International | 5/10/2021 | 117,937,947 | USD | 13,028,935,231 | JPY | — | (13,508 | ) | ||||||||||||||||||||
Goldman Sachs | 4/5/2021 | 1,607,190,390 | JPY | 14,731,513 | USD | — | (186,330 | ) | ||||||||||||||||||||
Goldman Sachs | 4/5/2021 | 12,420,201,978 | JPY | 112,401,442 | USD | 2,238 | — | |||||||||||||||||||||
Goldman Sachs | 4/5/2021 | 108,070,377 | USD | 11,509,451,922 | JPY | 3,909,048 | — | |||||||||||||||||||||
Goldman Sachs | 5/10/2021 | 117,937,947 | USD | 13,027,744,058 | JPY | — | (2,725 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/5/2021 | 12,420,112,057 | JPY | 112,401,442 | USD | 1,424 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/5/2021 | 108,070,377 | USD | 11,509,505,957 | JPY | 3,908,559 | — | |||||||||||||||||||||
HSBC Holdings PLC | 5/10/2021 | 117,937,947 | USD | 13,028,074,284 | JPY | — | (5,714 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/5/2021 | 1,279,067,697 | JPY | 11,785,210 | USD | — | (209,560 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/5/2021 | 12,420,190,738 | JPY | 112,401,442 | USD | 2,136 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/5/2021 | 108,070,377 | USD | 11,509,668,063 | JPY | 3,907,092 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/10/2021 | 117,937,947 | USD | 13,028,133,253 | JPY | — | (6,248 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/5/2021 | 12,420,224,459 | JPY | 112,401,442 | USD | 2,441 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/5/2021 | 108,070,377 | USD | 11,510,057,116 | JPY | 3,903,571 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 5/10/2021 | 117,937,947 | USD | 13,027,991,727 | JPY | — | (4,967 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 15,968,412,492 | JPY | 144,516,144 | USD | — | (915 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 138,947,635 | USD | 14,797,631,337 | JPY | 5,028,056 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 108,070,377 | USD | 11,509,268,202 | JPY | 3,910,710 | — | |||||||||||||||||||||
Royal Bank of Canada | 5/10/2021 | 151,634,513 | USD | 16,750,124,517 | JPY | — | (5,013 | ) | ||||||||||||||||||||
Societe Generale | 4/5/2021 | 12,420,584,143 | JPY | 112,401,442 | USD | 5,697 | — | |||||||||||||||||||||
Societe Generale | 4/5/2021 | 108,070,377 | USD | 11,510,035,502 | JPY | 3,903,766 | — | |||||||||||||||||||||
Societe Generale | 5/10/2021 | 117,937,947 | USD | 13,028,369,129 | JPY | — | (8,383 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/5/2021 | 12,419,797,333 | JPY | 112,401,442 | USD | — | (1,424 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/5/2021 | 108,070,377 | USD | 11,510,575,854 | JPY | 3,898,876 | — | |||||||||||||||||||||
Standard Chartered Bank | 5/10/2021 | 117,937,947 | USD | 13,029,135,725 | JPY | — | (15,323 | ) | ||||||||||||||||||||
UBS AG | 4/5/2021 | 12,419,853,534 | JPY | 112,401,442 | USD | — | (915 | ) | ||||||||||||||||||||
UBS AG | 4/5/2021 | 108,070,377 | USD | 11,509,495,150 | JPY | 3,908,656 | — | |||||||||||||||||||||
UBS AG | 4/5/2021 | 29,463,026 | USD | 3,140,905,886 | JPY | 1,037,612 | — | |||||||||||||||||||||
UBS AG | 4/5/2021 | 35,355,631 | USD | 3,852,494,511 | JPY | 490,291 | — | |||||||||||||||||||||
UBS AG | 4/5/2021 | 32,409,328 | USD | 3,550,331,690 | JPY | 278,583 | — | |||||||||||||||||||||
UBS AG | 5/10/2021 | 117,937,947 | USD | 13,028,145,047 | JPY | — | (6,355 | ) | ||||||||||||||||||||
| $ | 58,546,393 | $ | (1,642,096 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 41 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 |
| |||||||||||||||
Consumer Finance | $ | 3,828,977 | $ | 2,679,194 | $ | — | $ | 6,508,171 | ||||||||
Pharmaceuticals | 151,109,057 | 1,449,873 | — | 152,558,930 | ||||||||||||
Other | 1,488,959,179 | — | — | 1,488,959,179 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 37,359,605 | — | 37,359,605 | ||||||||||||
Total Investments in Securities | $ | 1,643,897,213 | $ | 41,488,672 | $ | — | $ | 1,685,385,885 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 58,546,393 | $ | — | $ | 58,546,393 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (1,642,096 | ) | $ | — | $ | (1,642,096 | ) | ||||||
Total – Net | $ | 1,643,897,213 | $ | 98,392,969 | $ | — | $ | 1,742,290,182 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| 42 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.2% | ||||||||
| Japan – 98.2% | ||||||||
| Air Freight & Logistics – 0.4% | ||||||||
Kintetsu World Express, Inc. | 1,600 | $ | 41,600 | |||||
Konoike Transport Co., Ltd. | 1,600 | 17,506 | ||||||
Maruwa Unyu Kikan Co., Ltd.(a) | 1,000 | 17,457 | ||||||
Mitsui-Soko Holdings Co., Ltd. | 1,200 | 23,544 | ||||||
SBS Holdings, Inc. | 800 | 20,047 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 120,154 | ||||||
| Auto Components – 5.6% | ||||||||
Daido Metal Co., Ltd. | 4,900 | 26,074 | ||||||
Daikyonishikawa Corp.(a) | 5,000 | 35,023 | ||||||
Eagle Industry Co., Ltd. | 4,200 | 45,307 | ||||||
Exedy Corp. | 3,500 | 52,991 | ||||||
FCC Co., Ltd. | 2,000 | 33,629 | ||||||
Futaba Industrial Co., Ltd. | 3,200 | 17,173 | ||||||
G-Tekt Corp. | 2,698 | 36,698 | ||||||
JTEKT Corp. | 22,000 | 224,977 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 1,200 | 20,514 | ||||||
NHK Spring Co., Ltd.(a) | 5,300 | 39,810 | ||||||
Nifco, Inc.(a) | 3,700 | 135,109 | ||||||
Nihon Tokushu Toryo Co., Ltd. | 1,800 | 17,528 | ||||||
NOK Corp. | 5,200 | 70,635 | ||||||
Pacific Industrial Co., Ltd. | 2,500 | 28,756 | ||||||
Riken Corp. | 1,000 | 22,624 | ||||||
Shoei Co., Ltd. | 1,000 | 41,267 | ||||||
Sumitomo Riko Co., Ltd. | 4,100 | 26,455 | ||||||
Sumitomo Rubber Industries Ltd. | 12,100 | 142,900 | ||||||
Tokai Rika Co., Ltd. | 4,825 | 81,916 | ||||||
Topre Corp.(a) | 2,100 | 29,666 | ||||||
Toyo Tire Corp.(a) | 6,300 | 111,633 | ||||||
Toyoda Gosei Co., Ltd.(a) | 3,600 | 94,740 | ||||||
Toyota Boshoku Corp.(a) | 7,000 | 115,928 | ||||||
TPR Co., Ltd. | 2,106 | 30,589 | ||||||
TS Tech Co., Ltd. | 5,600 | 83,569 | ||||||
Yokohama Rubber Co., Ltd. (The) | 10,100 | 180,977 | ||||||
|
| |||||||
| Total Auto Components |
| 1,746,488 | ||||||
| Automobiles – 0.1% | ||||||||
Nissan Shatai Co., Ltd. | 3,400 | 24,492 | ||||||
| Banks – 7.2% | ||||||||
77 Bank Ltd. (The) | 3,600 | 50,856 | ||||||
Aichi Bank Ltd. (The) | 700 | 19,131 | ||||||
Akita Bank Ltd. (The) | 1,800 | 23,864 | ||||||
Aomori Bank Ltd. (The) | 800 | 18,281 | ||||||
Awa Bank Ltd. (The) | 900 | 20,297 | ||||||
Bank of Iwate Ltd. (The) | 900 | 19,458 | ||||||
Bank of Nagoya Ltd. (The) | 900 | 25,656 | ||||||
Bank of Okinawa Ltd. (The) | 940 | 25,946 | ||||||
Bank of Saga Ltd. (The)(a) | 2,400 | 32,058 | ||||||
Bank of the Ryukyus Ltd. | 2,000 | 14,118 | ||||||
Chugoku Bank Ltd. (The) | 6,600 | 55,846 | ||||||
Chukyo Bank Ltd. (The) | 800 | 12,728 | ||||||
Daishi Hokuetsu Financial Group, Inc. | 4,000 | 94,480 | ||||||
Ehime Bank Ltd. (The) | 1,500 | 13,914 | ||||||
FIDEA Holdings Co., Ltd.(a) | 20,300 | 25,168 | ||||||
Fukui Bank Ltd. (The) | 1,000 | 17,738 | ||||||
Gunma Bank Ltd. (The)(a) | 24,300 | 87,304 | ||||||
Hachijuni Bank Ltd. (The) | 25,300 | 92,271 | ||||||
Hokkoku Bank Ltd. (The) | 800 | 20,438 | ||||||
Hokuhoku Financial Group, Inc. | 7,700 | 71,704 | ||||||
Hyakugo Bank Ltd. (The)(a) | 10,800 | 32,644 | ||||||
Hyakujushi Bank Ltd. (The) | 2,100 | 32,118 | ||||||
Iyo Bank Ltd. (The) | 15,000 | 90,136 | ||||||
Jimoto Holdings, Inc.(a) | 1,840 | 13,238 | ||||||
Juroku Bank Ltd. (The) | 2,300 | 45,979 | ||||||
Keiyo Bank Ltd. (The) | 7,800 | 32,329 | ||||||
Kiyo Bank Ltd. (The) | 2,098 | 31,460 | ||||||
Kyushu Financial Group, Inc.(a) | 16,300 | 70,068 | ||||||
Mebuki Financial Group, Inc. | 86,800 | 205,021 | ||||||
Miyazaki Bank Ltd. (The) | 1,200 | 25,379 | ||||||
Musashino Bank Ltd. (The) | 2,200 | 36,375 | ||||||
Nanto Bank Ltd. (The) | 2,200 | 39,261 | ||||||
Nishi-Nippon Financial Holdings, Inc.(a) | 10,100 | 72,665 | ||||||
North Pacific Bank Ltd.(a) | 25,500 | 73,846 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 1,700 | 34,262 | ||||||
Oita Bank Ltd. (The) | 1,000 | 19,493 | ||||||
San ju San Financial Group, Inc.(a) | 2,200 | 27,714 | ||||||
San-In Godo Bank Ltd. (The) | 7,800 | 39,600 | ||||||
Senshu Ikeda Holdings, Inc. | 20,700 | 33,345 | ||||||
Seven Bank Ltd.(a) | 112,200 | 256,892 | ||||||
Shiga Bank Ltd. (The) | 1,400 | 30,357 | ||||||
Shikoku Bank Ltd. (The) | 2,500 | 17,692 | ||||||
Suruga Bank Ltd.(a) | 5,700 | 22,026 | ||||||
Tochigi Bank Ltd. (The) | 7,100 | 12,208 | ||||||
Toho Bank Ltd. (The)(a) | 7,400 | 16,474 | ||||||
Tokyo Kiraboshi Financial Group, Inc. | 2,300 | 29,140 | ||||||
TOMONY Holdings, Inc. | 6,600 | 19,352 | ||||||
Towa Bank Ltd. (The) | 2,900 | 18,056 | ||||||
Yamagata Bank Ltd. (The)(a) | 1,300 | 13,365 | ||||||
Yamaguchi Financial Group, Inc.(a) | 14,000 | 93,249 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 1,900 | 15,802 | ||||||
|
| |||||||
| Total Banks |
| 2,240,802 | ||||||
| Beverages – 0.4% | ||||||||
Sapporo Holdings Ltd. | 2,800 | 58,103 | ||||||
Takara Holdings, Inc.(a) | 5,500 | 75,009 | ||||||
|
| |||||||
| Total Beverages |
| 133,112 | ||||||
| Building Products – 2.2% | ||||||||
Aica Kogyo Co., Ltd. | 3,100 | 111,937 | ||||||
Bunka Shutter Co., Ltd. | 3,800 | 36,246 | ||||||
Central Glass Co., Ltd. | 1,700 | 36,246 | ||||||
Kondotec, Inc. | 1,700 | 16,446 | ||||||
Nichias Corp.(a) | 3,900 | 99,176 | ||||||
Nichiha Corp. | 700 | 20,461 | ||||||
Nihon Flush Co., Ltd.(a) | 1,000 | 12,299 | ||||||
Nippon Aqua Co., Ltd. | 2,400 | 13,379 | ||||||
Nitto Boseki Co., Ltd. | 500 | 18,213 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| Investments | Shares | Value | ||||||
Noritz Corp. | 1,400 | $ | 22,349 | |||||
Okabe Co., Ltd. | 2,900 | 20,471 | ||||||
Sanwa Holdings Corp. | 10,900 | 142,933 | ||||||
Shin Nippon Air Technologies Co., Ltd.(a) | 1,100 | 23,951 | ||||||
Sinko Industries Ltd.(a) | 1,500 | 29,566 | ||||||
Takara Standard Co., Ltd. | 2,217 | 33,446 | ||||||
Takasago Thermal Engineering Co., Ltd. | 3,600 | 56,166 | ||||||
|
| |||||||
| Total Building Products |
| 693,285 | ||||||
| Capital Markets – 2.0% | ||||||||
GCA Corp. | 3,800 | 29,128 | ||||||
GMO Financial Holdings, Inc.(a) | 11,700 | 96,247 | ||||||
Ichiyoshi Securities Co., Ltd.(a) | 4,300 | 23,893 | ||||||
IwaiCosmo Holdings, Inc.(a) | 3,100 | 49,572 | ||||||
Kyokuto Securities Co., Ltd.(a) | 2,900 | 22,806 | ||||||
Marusan Securities Co., Ltd.(a) | 5,000 | 29,095 | ||||||
Matsui Securities Co., Ltd.(a) | 18,000 | 146,769 | ||||||
Mito Securities Co., Ltd. | 6,000 | 17,484 | ||||||
Monex Group, Inc.(a) | 8,565 | 72,396 | ||||||
Morningstar Japan K.K.(a) | 5,899 | 25,518 | ||||||
Okasan Securities Group, Inc.(a) | 8,200 | 33,468 | ||||||
Sparx Group Co., Ltd. | 10,600 | 28,586 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 12,600 | 46,181 | ||||||
|
| |||||||
| Total Capital Markets |
| 621,143 | ||||||
| Chemicals – 9.5% | ||||||||
ADEKA Corp. | 7,600 | 149,386 | ||||||
Arakawa Chemical Industries Ltd. | 1,700 | 20,308 | ||||||
Asahi Yukizai Corp. | 1,700 | 23,077 | ||||||
C.I. Takiron Corp. | 8,200 | 50,387 | ||||||
Chugoku Marine Paints Ltd. | 5,700 | 51,326 | ||||||
Daicel Corp.(a) | 21,200 | 163,461 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 900 | 20,126 | ||||||
Denka Co., Ltd. | 4,900 | 196,000 | ||||||
DIC Corp. | 4,400 | 114,161 | ||||||
Fujimi, Inc. | 1,600 | 62,480 | ||||||
Fujimori Kogyo Co., Ltd. | 700 | 28,507 | ||||||
Fuso Chemical Co., Ltd. | 1,000 | 36,787 | ||||||
Hokko Chemical Industry Co., Ltd. | 1,300 | 13,788 | ||||||
JCU Corp. | 600 | 22,643 | ||||||
JSP Corp.(a) | 1,517 | 25,535 | ||||||
Kaneka Corp.(a) | 3,348 | 137,859 | ||||||
KH Neochem Co., Ltd. | 1,400 | 35,450 | ||||||
Koatsu Gas Kogyo Co., Ltd. | 2,500 | 16,629 | ||||||
Konishi Co., Ltd. | 1,400 | 22,742 | ||||||
Kumiai Chemical Industry Co., Ltd.(a) | 2,494 | 22,660 | ||||||
Kureha Corp. | 1,100 | 76,054 | ||||||
Lintec Corp. | 5,500 | 124,634 | ||||||
Moriroku Holdings Co., Ltd. | 900 | 18,391 | ||||||
Nihon Nohyaku Co., Ltd. | 4,700 | 23,138 | ||||||
Nihon Parkerizing Co., Ltd. | 4,900 | 52,991 | ||||||
Nippon Kayaku Co., Ltd. | 8,000 | 77,394 | ||||||
Nippon Pillar Packing Co., Ltd.(a) | 1,700 | 28,677 | ||||||
Nippon Shokubai Co., Ltd. | 1,700 | 97,538 | ||||||
Nippon Soda Co., Ltd. | 1,700 | 53,769 | ||||||
Okamoto Industries, Inc. | 700 | 26,638 | ||||||
Osaka Organic Chemical Industry Ltd.(a) | 800 | 26,860 | ||||||
Osaka Soda Co., Ltd. | 1,577 | 37,634 | ||||||
Sakata INX Corp. | 2,600 | 25,035 | ||||||
Sanyo Chemical Industries Ltd. | 1,600 | 81,086 | ||||||
Sekisui Kasei Co., Ltd. | 3,000 | 16,181 | ||||||
Shikoku Chemicals Corp. | 2,000 | 22,896 | ||||||
Shin-Etsu Polymer Co., Ltd. | 3,700 | 33,216 | ||||||
Sumitomo Bakelite Co., Ltd. | 1,400 | 57,330 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 1,000 | 36,561 | ||||||
T Hasegawa Co., Ltd. | 1,700 | 32,538 | ||||||
Taiyo Holdings Co., Ltd. | 1,500 | 81,855 | ||||||
Takasago International Corp. | 800 | 19,034 | ||||||
Tayca Corp.(a) | 1,500 | 20,186 | ||||||
Tokai Carbon Co., Ltd. | 10,000 | 161,720 | ||||||
Tokuyama Corp. | 2,600 | 65,718 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 1,200 | 75,149 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 4,000 | 73,520 | ||||||
Toyobo Co., Ltd.(a) | 3,400 | 43,815 | ||||||
Ube Industries Ltd.(a) | 7,480 | 159,618 | ||||||
Valqua Ltd. | 1,700 | 32,785 | ||||||
Zeon Corp. | 5,700 | 91,252 | ||||||
|
| |||||||
| Total Chemicals |
| 2,986,525 | ||||||
| Commercial Services & Supplies – 1.7% | ||||||||
Aeon Delight Co., Ltd. | 1,400 | 40,860 | ||||||
Bell System24 Holdings, Inc. | �� | 2,200 | 37,649 | |||||
CTS Co., Ltd.(a) | 1,400 | 10,820 | ||||||
Daiseki Co., Ltd. | 1,000 | 36,289 | ||||||
Japan Elevator Service Holdings Co., Ltd. | 800 | 17,231 | ||||||
Kokuyo Co., Ltd. | 4,000 | 62,045 | ||||||
Matsuda Sangyo Co., Ltd. | 1,000 | 18,425 | ||||||
Mitsubishi Pencil Co., Ltd. | 1,400 | 20,246 | ||||||
Nippon Air Conditioning Services Co., Ltd. | 3,400 | 22,985 | ||||||
Nippon Kanzai Co., Ltd.(a) | 1,300 | 25,647 | ||||||
Nippon Parking Development Co., Ltd. | 16,400 | 22,708 | ||||||
Okamura Corp.(a) | 5,100 | 59,861 | ||||||
Pilot Corp. | 800 | 25,556 | ||||||
Relia, Inc. | 3,700 | 47,916 | ||||||
Sato Holdings Corp. | 1,500 | 39,136 | ||||||
Takara & Co. Ltd.(a) | 700 | 11,688 | ||||||
Toppan Forms Co., Ltd. | 3,100 | 31,337 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 530,399 | ||||||
| Construction & Engineering – 6.6% | ||||||||
Asanuma Corp. | 800 | 32,434 | ||||||
Dai-Dan Co., Ltd. | 1,400 | 37,540 | ||||||
Daiho Corp. | 600 | 21,041 | ||||||
Fudo Tetra Corp. | 1,100 | 19,173 | ||||||
Hazama Ando Corp.(a) | 9,500 | 72,991 | ||||||
JDC Corp.(a) | 5,700 | 31,724 | ||||||
JGC Holdings Corp. | 4,100 | 50,313 | ||||||
Kandenko Co., Ltd.(a) | 11,700 | 102,812 | ||||||
Kumagai Gumi Co., Ltd. | 2,400 | 65,267 | ||||||
See Notes to Financial Statements.
| 44 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| Investments | Shares | Value | ||||||
Kyudenko Corp. | 2,800 | $ | 107,186 | |||||
Maeda Corp.(a) | 5,600 | 48,449 | ||||||
Maeda Road Construction Co., Ltd.(a) | 5,600 | 108,605 | ||||||
Meisei Industrial Co., Ltd. | 2,800 | 19,638 | ||||||
Mirait Holdings Corp. | 3,044 | 50,329 | ||||||
Nippon Densetsu Kogyo Co., Ltd.(a) | 1,200 | 21,035 | ||||||
Nippon Koei Co., Ltd. | 700 | 19,891 | ||||||
Nishimatsu Construction Co., Ltd.(a) | 3,100 | 78,776 | ||||||
Nittoc Construction Co., Ltd. | 3,600 | 27,041 | ||||||
Okumura Corp. | 2,700 | 71,886 | ||||||
OSJB Holdings Corp. | 7,000 | 18,751 | ||||||
Penta-Ocean Construction Co., Ltd. | 17,300 | 136,052 | ||||||
Raito Kogyo Co., Ltd. | 2,600 | 44,235 | ||||||
Raiznext Corp.(a) | 3,800 | 41,129 | ||||||
Sanki Engineering Co., Ltd. | 8,100 | 106,510 | ||||||
Seikitokyu Kogyo Co., Ltd. | 4,300 | 36,229 | ||||||
Shinnihon Corp. | 1,600 | 12,786 | ||||||
SHO-BOND Holdings Co., Ltd. | 1,400 | 60,434 | ||||||
Sumitomo Densetsu Co., Ltd.(a) | 2,000 | 43,602 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 10,740 | 48,500 | ||||||
Taihei Dengyo Kaisha Ltd. | 1,000 | 23,937 | ||||||
Taikisha Ltd. | 2,100 | 57,679 | ||||||
Takamatsu Construction Group Co., Ltd.(a) | 1,900 | 37,071 | ||||||
Tekken Corp. | 800 | 14,306 | ||||||
Toa Corp.(a) | 1,100 | 24,290 | ||||||
Toa Road Corp. | 500 | 19,163 | ||||||
Tobishima Corp.(a) | 2,100 | 22,881 | ||||||
Toda Corp. | 15,600 | 114,494 | ||||||
Tokyu Construction Co., Ltd. | 8,600 | 46,852 | ||||||
Totetsu Kogyo Co., Ltd. | 2,200 | 52,700 | ||||||
Toyo Construction Co., Ltd. | 5,000 | 26,018 | ||||||
Wakachiku Construction Co., Ltd. | 900 | 11,183 | ||||||
Yahagi Construction Co., Ltd. | 3,200 | 24,326 | ||||||
Yokogawa Bridge Holdings Corp. | 1,600 | 29,698 | ||||||
Yurtec Corp. | 3,200 | 23,602 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 2,062,559 | ||||||
| Construction Materials – 0.6% | ||||||||
Asia Pile Holdings Corp.(a) | 5,300 | 25,613 | ||||||
Krosaki Harima Corp. | 700 | 31,009 | ||||||
Shinagawa Refractories Co., Ltd.(a) | 1,200 | 31,320 | ||||||
Sumitomo Osaka Cement Co., Ltd.(a) | 2,100 | 66,991 | ||||||
Vertex Corp. | 1,000 | 24,606 | ||||||
|
| |||||||
| Total Construction Materials |
| 179,539 | ||||||
| Consumer Finance – 1.4% | ||||||||
AEON Financial Service Co., Ltd. | 14,100 | 189,489 | ||||||
Credit Saison Co., Ltd.(a) | 10,500 | 126,190 | ||||||
Jaccs Co., Ltd. | 2,600 | 53,388 | ||||||
Orient Corp.(a) | 61,400 | 85,571 | ||||||
|
| |||||||
| Total Consumer Finance |
| 454,638 | ||||||
| Containers & Packaging – 0.9% | ||||||||
Fuji Seal International, Inc. | 1,500 | 33,584 | ||||||
Hokkan Holdings Ltd. | 1,300 | 17,200 | ||||||
Kohsoku Corp.(a) | 1,000 | 13,484 | ||||||
Pack Corp. (The) | 600 | 16,398 | ||||||
Rengo Co., Ltd.(a) | 16,181 | 140,723 | ||||||
Tomoku Co., Ltd. | 1,200 | 20,069 | ||||||
Toyo Seikan Group Holdings Ltd.(a) | 4,300 | 51,211 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 292,669 | ||||||
| Distributors – 0.3% | ||||||||
Arata Corp. | 600 | 26,634 | ||||||
Doshisha Co., Ltd. | 2,000 | 33,864 | ||||||
Happinet Corp. | 1,700 | 23,615 | ||||||
|
| |||||||
| Total Distributors |
| 84,113 | ||||||
| Diversified Consumer Services – 0.5% | ||||||||
Asante, Inc. | 1,000 | 16,262 | ||||||
Benesse Holdings, Inc. | 3,000 | 63,204 | ||||||
Japan Best Rescue System Co., Ltd.(a) | 1,400 | 10,719 | ||||||
Riso Kyoiku Co., Ltd. | 5,700 | 17,435 | ||||||
Sprix Ltd. | 1,300 | 11,188 | ||||||
Studio Alice Co., Ltd.(a) | 900 | 17,055 | ||||||
Tokyo Individualized Educational Institute, Inc.(a) | 4,200 | 23,490 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 159,353 | ||||||
| Diversified Financial Services – 1.0% | ||||||||
eGuarantee, Inc. | 500 | 9,443 | ||||||
Fuyo General Lease Co., Ltd. | 1,500 | 103,439 | ||||||
Japan Investment Adviser Co., Ltd. | 1,200 | 18,223 | ||||||
Japan Securities Finance Co., Ltd.(a) | 6,500 | 46,941 | ||||||
Mizuho Leasing Co., Ltd. | 2,200 | 66,199 | ||||||
NEC Capital Solutions Ltd.(a) | 1,200 | 22,002 | ||||||
Ricoh Leasing Co., Ltd.(a) | 1,500 | 47,104 | ||||||
|
| |||||||
| Total Diversified Financial Services |
| 313,351 | ||||||
| Diversified Telecommunication Services – 0.3% | ||||||||
ARTERIA Networks Corp.(a) | 3,600 | 53,495 | ||||||
Asahi Net, Inc. | 1,400 | 10,250 | ||||||
Internet Initiative Japan, Inc.(a) | 1,400 | 32,916 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 96,661 | ||||||
| Electric Utilities – 0.8% | ||||||||
Hokkaido Electric Power Co., Inc.(a) | 6,500 | 29,706 | ||||||
Hokuriku Electric Power Co.(a) | 8,500 | 58,231 | ||||||
Okinawa Electric Power Co., Inc. (The) | 4,383 | 61,520 | ||||||
Shikoku Electric Power Co., Inc. | 12,400 | 96,507 | ||||||
|
| |||||||
| Total Electric Utilities |
| 245,964 | ||||||
| Electrical Equipment – 1.4% | ||||||||
Daihen Corp. | 900 | 39,624 | ||||||
Denyo Co., Ltd. | 900 | 17,039 | ||||||
Furukawa Electric Co., Ltd.(a) | 2,626 | 70,581 | ||||||
GS Yuasa Corp.(a) | 2,300 | 62,444 | ||||||
Idec Corp. | 1,200 | 19,276 | ||||||
Mabuchi Motor Co., Ltd. | 2,200 | 96,860 | ||||||
Nippon Carbon Co., Ltd. | 700 | 29,425 | ||||||
Nissin Electric Co., Ltd. | 3,400 | 38,277 | ||||||
Nitto Kogyo Corp. | 2,100 | 38,541 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 4,100 | 23,339 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 435,406 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 45 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| Investments | Shares | Value | ||||||
| Electronic Equipment, Instruments & Components – 5.2% |
| |||||||
Ai Holdings Corp. | 1,900 | $ | 37,708 | |||||
Alps Alpine Co., Ltd.(a) | 4,000 | 52,851 | ||||||
Amano Corp. | 3,500 | 85,140 | ||||||
Canon Electronics, Inc. | 2,800 | 43,634 | ||||||
Canon Marketing Japan, Inc. | 6,900 | 153,361 | ||||||
CONEXIO Corp. | 2,700 | 33,915 | ||||||
Daiwabo Holdings Co., Ltd. | 5,000 | 76,109 | ||||||
Dexerials Corp. | 3,900 | 66,776 | ||||||
Elematec Corp. | 1,958 | 18,038 | ||||||
ESPEC Corp. | 1,400 | 23,426 | ||||||
Hakuto Co., Ltd. | 2,100 | 24,326 | ||||||
Horiba Ltd. | 1,300 | 82,118 | ||||||
Innotech Corp. | 2,000 | 24,036 | ||||||
Iriso Electronics Co., Ltd.(a) | 400 | 17,864 | ||||||
Japan Aviation Electronics Industry Ltd. | 2,400 | 38,878 | ||||||
Kaga Electronics Co., Ltd. | 2,000 | 44,887 | ||||||
Kyosan Electric Manufacturing Co., Ltd.(a) | 4,600 | 17,151 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 3,400 | 67,969 | ||||||
Meiko Electronics Co., Ltd. | 700 | 17,022 | ||||||
Nichicon Corp.(a) | 3,300 | 33,478 | ||||||
Nippon Ceramic Co., Ltd. | 1,100 | 26,549 | ||||||
Nippon Electric Glass Co., Ltd. | 7,300 | 169,453 | ||||||
Nippon Signal Co., Ltd. | 3,100 | 27,521 | ||||||
Nissha Co., Ltd. | 2,100 | 26,036 | ||||||
Nohmi Bosai Ltd. | 2,166 | 42,144 | ||||||
Oki Electric Industry Co., Ltd. | 5,900 | 61,403 | ||||||
Optex Group Co., Ltd. | 1,300 | 19,412 | ||||||
Osaki Electric Co., Ltd. | 3,300 | 18,217 | ||||||
Restar Holdings Corp. | 2,500 | 46,154 | ||||||
Riken Keiki Co., Ltd. | 800 | 19,946 | ||||||
Ryoden Corp.(a) | 1,700 | 25,369 | ||||||
Ryosan Co., Ltd. | 1,500 | 30,665 | ||||||
Sanshin Electronics Co., Ltd.(a) | 1,500 | 27,217 | ||||||
Siix Corp. | 1,600 | 23,631 | ||||||
Tachibana Eletech Co., Ltd.(a) | 1,500 | 21,910 | ||||||
Tokyo Electron Device Ltd. | 700 | 24,674 | ||||||
Tsuzuki Denki Co., Ltd. | 1,700 | 25,492 | ||||||
V Technology Co., Ltd.(a) | 400 | 19,729 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 1,614,209 | ||||||
| Energy Equipment & Services – 0.1% | ||||||||
Toyo Kanetsu K.K. | 1,000 | 24,570 | ||||||
| Entertainment – 1.0% | ||||||||
Akatsuki, Inc. | 300 | 12,149 | ||||||
Avex, Inc.(a) | 3,200 | 39,588 | ||||||
COLOPL, Inc.(a) | 3,200 | 24,152 | ||||||
Daiichikosho Co., Ltd. | 2,600 | 100,941 | ||||||
GungHo Online Entertainment, Inc. | 1,500 | 29,674 | ||||||
Marvelous, Inc. | 3,400 | 26,492 | ||||||
Toei Animation Co., Ltd.(a) | 900 | 96,516 | ||||||
|
| |||||||
| Total Entertainment |
| 329,512 | ||||||
| Food & Staples Retailing – 2.6% | ||||||||
Aeon Hokkaido Corp. | 2,000 | 21,937 | ||||||
Ain Holdings, Inc.(a) | 400 | 25,846 | ||||||
Arcs Co., Ltd. | 2,000 | 43,276 | ||||||
Axial Retailing, Inc.(a) | 800 | 34,860 | ||||||
Belc Co., Ltd. | 600 | 33,502 | ||||||
Cawachi Ltd. | 800 | 20,858 | ||||||
cocokara fine, Inc.(a) | 600 | 46,208 | ||||||
Create SD Holdings Co., Ltd. | 1,700 | 55,385 | ||||||
G-7 Holdings, Inc. | 1,400 | 33,435 | ||||||
Heiwado Co., Ltd.(a) | 1,400 | 28,431 | ||||||
Inageya Co., Ltd.(a) | 1,000 | 14,986 | ||||||
JM Holdings Co., Ltd. | 900 | 18,529 | ||||||
Kato Sangyo Co., Ltd. | 1,500 | 48,529 | ||||||
Kusuri no Aoki Holdings Co., Ltd.(a) | 200 | 15,348 | ||||||
Life Corp. | 1,500 | 45,814 | ||||||
Maxvalu Tokai Co., Ltd. | 1,100 | 25,823 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 1,500 | 42,014 | ||||||
Nihon Chouzai Co., Ltd. | 1,100 | 17,769 | ||||||
Okuwa Co., Ltd. | 1,800 | 19,710 | ||||||
Qol Holdings Co., Ltd. | 1,300 | 18,306 | ||||||
Retail Partners Co., Ltd. | 1,000 | 12,579 | ||||||
San-A Co., Ltd. | 600 | 25,005 | ||||||
United Super Markets Holdings, Inc. | 2,800 | 29,546 | ||||||
Valor Holdings Co., Ltd.(a) | 2,500 | 56,267 | ||||||
Yaoko Co., Ltd.(a) | 800 | 49,231 | ||||||
Yokohama Reito Co., Ltd. | 2,400 | 19,830 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 803,024 | ||||||
| Food Products – 3.1% | ||||||||
Ariake Japan Co., Ltd. | 500 | 30,362 | ||||||
DyDo Group Holdings, Inc. | 300 | 14,443 | ||||||
Feed One Co., Ltd. | 2,700 | 22,358 | ||||||
Fuji Oil Holdings, Inc.(a) | 3,251 | 86,880 | ||||||
Fujicco Co., Ltd.(a) | 1,100 | 19,412 | ||||||
Hokuto Corp. | 2,100 | 39,662 | ||||||
Itoham Yonekyu Holdings, Inc. | 14,700 | 96,980 | ||||||
J-Oil Mills, Inc. | 1,400 | 25,276 | ||||||
Kakiyasu Honten Co., Ltd. | 700 | 16,718 | ||||||
Kameda Seika Co., Ltd. | 500 | 21,810 | ||||||
Kotobuki Spirits Co., Ltd. | 400 | 26,027 | ||||||
Kyokuyo Co., Ltd.(a) | 900 | 24,882 | ||||||
Marudai Food Co., Ltd. | 1,100 | 17,082 | ||||||
Maruha Nichiro Corp. | 1,400 | 33,258 | ||||||
Megmilk Snow Brand Co., Ltd. | 1,700 | 34,600 | ||||||
Mitsui Sugar Co., Ltd. | 1,300 | 23,082 | ||||||
Morinaga & Co., Ltd. | 1,300 | 46,529 | ||||||
Morinaga Milk Industry Co., Ltd. | 1,300 | 68,471 | ||||||
Nippn Corp. | 2,400 | 35,989 | ||||||
Nippon Suisan Kaisha Ltd. | 9,700 | 46,701 | ||||||
Nisshin Oillio Group Ltd. (The) | 1,300 | 38,412 | ||||||
Prima Meat Packers Ltd. | 2,100 | 66,326 | ||||||
Riken Vitamin Co., Ltd. | 1,800 | 22,235 | ||||||
Rock Field Co., Ltd.(a) | 1,100 | 16,794 | ||||||
S Foods, Inc. | 800 | 27,403 | ||||||
Sakata Seed Corp. | 600 | 22,208 | ||||||
Showa Sangyo Co., Ltd.(a) | 1,500 | 42,149 | ||||||
|
| |||||||
| Total Food Products |
| 966,049 | ||||||
See Notes to Financial Statements.
| 46 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| Investments | Shares | Value | ||||||
| Gas Utilities – 0.4% | ||||||||
Nippon Gas Co., Ltd.(a) | 4,200 | $ | 73,205 | |||||
Saibu Gas Co., Ltd. | 1,600 | 45,901 | ||||||
Shizuoka Gas Co., Ltd. | 2,400 | 21,611 | ||||||
|
| |||||||
| Total Gas Utilities |
| 140,717 | ||||||
| Health Care Equipment & Supplies – 1.2% | ||||||||
Daiken Medical Co., Ltd. | 1,900 | 10,472 | ||||||
Eiken Chemical Co., Ltd. | 1,000 | 19,575 | ||||||
Hogy Medical Co., Ltd. | 1,000 | 30,543 | ||||||
Japan Lifeline Co., Ltd. | 3,000 | 38,036 | ||||||
Jeol Ltd. | 700 | 27,810 | ||||||
Mani, Inc. | 1,200 | 30,190 | ||||||
Menicon Co., Ltd. | 300 | 17,729 | ||||||
Nagaileben Co., Ltd. | 1,400 | 34,715 | ||||||
Nakanishi, Inc. | 2,200 | 45,891 | ||||||
Nihon Kohden Corp. | 1,900 | 55,538 | ||||||
Nipro Corp.(a) | 2,623 | 31,737 | ||||||
Paramount Bed Holdings Co., Ltd. | 2,006 | 42,716 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 384,952 | ||||||
| Health Care Providers & Services – 1.3% | ||||||||
As One Corp. | 400 | 50,353 | ||||||
BML, Inc. | 1,000 | 34,615 | ||||||
France Bed Holdings Co., Ltd. | 2,400 | 21,046 | ||||||
H.U. Group Holdings, Inc.(a) | 2,600 | 87,412 | ||||||
Ship Healthcare Holdings, Inc. | 3,318 | 93,384 | ||||||
Solasto Corp. | 2,100 | 27,139 | ||||||
Toho Holdings Co., Ltd. | 2,000 | 36,742 | ||||||
Tokai Corp. | 900 | 19,637 | ||||||
Vital KSK Holdings, Inc. | 3,200 | 22,849 | ||||||
WIN-Partners Co., Ltd.(a) | 1,600 | 15,233 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 408,410 | ||||||
| Hotels, Restaurants & Leisure – 1.3% | ||||||||
Doutor Nichires Holdings Co., Ltd. | 900 | 14,009 | ||||||
Fuji Kyuko Co., Ltd. | 300 | 15,964 | ||||||
Hiday Hidaka Corp.(a) | 1,422 | 23,125 | ||||||
Ichibanya Co., Ltd.(a) | 1,000 | 43,620 | ||||||
KFC Holdings Japan Ltd. | 1,000 | 26,869 | ||||||
KOMEDA Holdings Co., Ltd. | 1,700 | 31,000 | ||||||
Koshidaka Holdings Co., Ltd.(a) | 4,400 | 23,732 | ||||||
Kyoritsu Maintenance Co., Ltd.(a) | 700 | 23,217 | ||||||
MOS Food Services, Inc.(a) | 700 | 20,588 | ||||||
Ohsho Food Service Corp.(a) | 700 | 36,869 | ||||||
Resorttrust, Inc. | 2,600 | 43,482 | ||||||
Saizeriya Co., Ltd.(a) | 900 | 18,530 | ||||||
St. Marc Holdings Co., Ltd. | 1,300 | 20,247 | ||||||
Sushiro Global Holdings Ltd. | 1,000 | 44,253 | ||||||
Tokyotokeiba Co., Ltd. | 700 | 35,412 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 420,917 | ||||||
| Household Durables – 1.7% | ||||||||
ES-Con Japan Ltd. | 4,700 | 33,389 | ||||||
FJ Next Co., Ltd.(a) | 2,500 | 25,385 | ||||||
Foster Electric Co., Ltd. | 1,200 | 14,183 | ||||||
Fuji Corp., Ltd.(a) | 2,900 | 19,447 | ||||||
Hinokiya Group Co., Ltd. | 1,400 | 31,826 | ||||||
Hoosiers Holdings(a) | 5,400 | 36,016 | ||||||
Ki-Star Real Estate Co., Ltd. | 700 | 25,561 | ||||||
LEC, Inc.(a) | 1,000 | 11,430 | ||||||
Pressance Corp.(a) | 2,117 | 32,358 | ||||||
Sanei Architecture Planning Co., Ltd. | 1,200 | 19,157 | ||||||
Sangetsu Corp. | 3,400 | 51,600 | ||||||
Sumitomo Forestry Co., Ltd. | 4,700 | 101,486 | ||||||
Tama Home Co., Ltd. | 2,100 | 41,696 | ||||||
Tamron Co., Ltd. | 1,900 | 37,072 | ||||||
Toa Corp. | 2,300 | 20,044 | ||||||
Zojirushi Corp. | 1,600 | 28,018 | ||||||
|
| |||||||
| Total Household Durables |
| 528,668 | ||||||
| Household Products – 0.2% | ||||||||
Earth Corp. | 700 | 42,190 | ||||||
ST Corp. | 1,000 | 17,692 | ||||||
|
| |||||||
| Total Household Products |
| 59,882 | ||||||
| Independent Power & Renewable Electricity Producers – 0.9% |
| |||||||
Electric Power Development Co., Ltd.(a) | 13,500 | 236,281 | ||||||
eRex Co., Ltd. | 1,000 | 16,706 | ||||||
West Holdings Corp.(a) | 1,300 | 40,529 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 293,516 | ||||||
| Industrial Conglomerates – 0.4% | ||||||||
Nisshinbo Holdings, Inc. | 8,700 | 64,876 | ||||||
TOKAI Holdings Corp. | 6,300 | 54,505 | ||||||
|
| |||||||
| Total Industrial Conglomerates |
| 119,381 | ||||||
| Interactive Media & Services – 0.2% | ||||||||
Dip Corp. | 2,000 | 52,470 | ||||||
MTI Ltd. | 1,700 | 12,431 | ||||||
|
| |||||||
| Total Interactive Media & Services |
| 64,901 | ||||||
| Internet & Direct Marketing Retail – 0.2% | ||||||||
ASKUL Corp. | 1,200 | 45,937 | ||||||
Belluna Co., Ltd. | 2,500 | 29,366 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 75,303 | ||||||
| IT Services – 2.5% | ||||||||
Comture Corp. | 500 | 12,081 | ||||||
Digital Garage, Inc. | 500 | 20,385 | ||||||
DTS Corp. | 2,100 | 48,005 | ||||||
Future Corp.(a) | 1,500 | 27,149 | ||||||
GMO GlobalSign Holdings K.K. | 100 | 6,145 | ||||||
GMO Internet, Inc. | 1,500 | 43,032 | ||||||
ID Holdings Corp. | 1,100 | 12,692 | ||||||
Ines Corp. | 1,400 | 16,838 | ||||||
Infocom Corp. | 900 | 22,919 | ||||||
Infomart Corp. | 1,700 | 14,662 | ||||||
Information Services International-Dentsu Ltd. | 1,700 | 60,231 | ||||||
Itfor, Inc. | 2,000 | 15,023 | ||||||
JBCC Holdings, Inc. | 1,400 | 18,776 | ||||||
Kanematsu Electronics Ltd. | 1,900 | 64,136 | ||||||
Mitsubishi Research Institute, Inc. | 900 | 33,557 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| Investments | Shares | Value | ||||||
NEC Networks & System Integration Corp. | 4,500 | $ | 79,330 | |||||
NS Solutions Corp. | 2,600 | 82,588 | ||||||
NSD Co., Ltd. | 3,300 | 54,980 | ||||||
SB Technology Corp.(a) | 600 | 17,430 | ||||||
TDC Soft, Inc.(a) | 1,500 | 13,833 | ||||||
TechMatrix Corp. | 600 | 10,681 | ||||||
TKC Corp. | 2,000 | 63,710 | ||||||
Transcosmos, Inc. | 1,100 | 29,725 | ||||||
Uchida Yoko Co., Ltd. | 200 | 8,914 | ||||||
|
| |||||||
| Total IT Services |
| 776,822 | ||||||
| Leisure Products – 1.1% | ||||||||
Furyu Corp. | 1,900 | 18,501 | ||||||
GLOBERIDE, Inc. | 300 | 11,606 | ||||||
Heiwa Corp.(a) | 6,800 | 111,200 | ||||||
Mizuno Corp. | 1,300 | 25,577 | ||||||
Sankyo Co., Ltd. | 5,400 | 143,332 | ||||||
Tomy Co., Ltd. | 3,200 | 29,104 | ||||||
|
| |||||||
| Total Leisure Products |
| 339,320 | ||||||
| Life Sciences Tools & Services – 0.1% | ||||||||
EPS Holdings, Inc. | 1,700 | 17,385 | ||||||
| Machinery – 4.7% | ||||||||
Aichi Corp. | 3,000 | 24,163 | ||||||
Aida Engineering Ltd. | 3,000 | 26,986 | ||||||
Alinco, Inc.(a) | 2,200 | 19,611 | ||||||
CKD Corp. | 800 | 16,702 | ||||||
DMG Mori Co., Ltd. | 3,700 | 60,740 | ||||||
Ebara Corp. | 2,100 | 85,805 | ||||||
Fujitec Co., Ltd. | 3,100 | 66,152 | ||||||
Furukawa Co., Ltd. | 2,600 | 31,435 | ||||||
Giken Ltd. | 900 | 40,643 | ||||||
Glory Ltd. | 2,200 | 47,385 | ||||||
Hitachi Zosen Corp.(a) | 8,035 | 65,080 | ||||||
Japan Steel Works Ltd. (The) | 1,503 | 35,732 | ||||||
Juki Corp. | 1,900 | 15,303 | ||||||
Kitz Corp. | 3,100 | 17,983 | ||||||
Kyokuto Kaihatsu Kogyo Co., Ltd. | 1,500 | 22,453 | ||||||
Meidensha Corp. | 1,600 | 34,853 | ||||||
METAWATER Co., Ltd.(a) | 1,400 | 28,063 | ||||||
Mitsubishi Logisnext Co., Ltd.(a) | 1,900 | 22,284 | ||||||
Mitsuboshi Belting Ltd. | 1,400 | 22,565 | ||||||
Morita Holdings Corp. | 1,600 | 25,875 | ||||||
Nachi-Fujikoshi Corp. | 700 | 30,502 | ||||||
Nikkiso Co., Ltd. | 1,800 | 18,358 | ||||||
Nikko Co., Ltd. | 3,100 | 20,508 | ||||||
Nissei ASB Machine Co., Ltd. | 300 | 14,281 | ||||||
Nitta Corp.(a) | 900 | 21,453 | ||||||
Noritake Co., Ltd. | 500 | 16,063 | ||||||
Obara Group, Inc.(a) | 700 | 23,977 | ||||||
Oiles Corp.(a) | 1,600 | 24,529 | ||||||
OKUMA Corp. | 600 | 34,480 | ||||||
Organo Corp. | 400 | 24,036 | ||||||
OSG Corp. | 2,500 | 44,593 | ||||||
Sansei Technologies, Inc. | 2,500 | 17,828 | ||||||
Shibaura Machine Co., Ltd. | 1,900 | 48,059 | ||||||
Shibuya Corp. | 600 | 19,276 | ||||||
Shinmaywa Industries Ltd. | 4,300 | 39,770 | ||||||
Shinwa Co., Ltd. | 1,300 | 25,588 | ||||||
Sodick Co., Ltd.(a) | 2,500 | 23,281 | ||||||
Star Micronics Co., Ltd.(a) | 2,200 | 32,851 | ||||||
Sumitomo Heavy Industries Ltd.(a) | 2,600 | 72,353 | ||||||
Takeuchi Manufacturing Co., Ltd. | 1,100 | 30,810 | ||||||
Takuma Co., Ltd. | 1,900 | 41,215 | ||||||
Technoflex Corp. | 1,100 | 10,303 | ||||||
Teikoku Electric Manufacturing Co., Ltd.(a) | 1,800 | 21,535 | ||||||
Tocalo Co., Ltd. | 1,800 | 23,587 | ||||||
Tsubakimoto Chain Co. | 1,700 | 46,923 | ||||||
Tsugami Corp. | 1,100 | 16,555 | ||||||
Union Tool Co. | 500 | 15,928 | ||||||
YAMABIKO Corp. | 1,400 | 15,558 | ||||||
|
| |||||||
| Total Machinery |
| 1,484,013 | ||||||
| Marine – 1.1% | ||||||||
Iino Kaiun Kaisha Ltd. | 7,600 | 36,453 | ||||||
Mitsui OSK Lines Ltd.(a) | 2,600 | 91,176 | ||||||
Nippon Yusen K.K.(a) | 5,800 | 198,145 | ||||||
NS United Kaiun Kaisha Ltd. | 1,400 | 23,882 | ||||||
|
| |||||||
| Total Marine |
| 349,656 | ||||||
| Media – 1.1% | ||||||||
FAN Communications, Inc. | 4,800 | 17,897 | ||||||
Gakken Holdings Co., Ltd. | 1,000 | 13,204 | ||||||
Intage Holdings, Inc. | 2,800 | 32,966 | ||||||
Kadokawa Corp. | 1,700 | 66,077 | ||||||
Proto Corp. | 1,300 | 13,776 | ||||||
SKY Perfect JSAT Holdings, Inc. | 15,700 | 69,904 | ||||||
Tow Co., Ltd. | 4,100 | 11,910 | ||||||
Tv Tokyo Holdings Corp. | 800 | 17,274 | ||||||
ValueCommerce Co., Ltd. | 700 | 22,742 | ||||||
Wowow, Inc. | 1,700 | 43,262 | ||||||
Zenrin Co., Ltd. | 1,800 | 21,584 | ||||||
|
| |||||||
| Total Media |
| 330,596 | ||||||
| Metals & Mining – 2.8% | ||||||||
Asahi Holdings, Inc.(a) | 7,200 | 138,005 | ||||||
Daido Steel Co., Ltd.(a) | 1,300 | 60,118 | ||||||
Daiki Aluminium Industry Co., Ltd. | 4,200 | 40,746 | ||||||
Dowa Holdings Co., Ltd. | 2,500 | 104,186 | ||||||
Godo Steel Ltd. | 2,900 | 57,055 | ||||||
Kurimoto Ltd. | 1,500 | 23,769 | ||||||
Kyoei Steel Ltd. | 3,800 | 57,086 | ||||||
Maruichi Steel Tube Ltd. | 4,200 | 95,973 | ||||||
Mitsubishi Materials Corp. | 3,900 | 91,200 | ||||||
Mitsui Mining & Smelting Co., Ltd.(a) | 2,200 | 76,453 | ||||||
Toho Titanium Co., Ltd. | 2,700 | 24,312 | ||||||
Tokyo Steel Manufacturing Co., Ltd.(a) | 7,600 | 58,255 | ||||||
Tokyo Tekko Co., Ltd. | 900 | 15,377 | ||||||
UACJ Corp.* | 953 | 23,010 | ||||||
|
| |||||||
| Total Metals & Mining |
| 865,545 | ||||||
See Notes to Financial Statements.
| 48 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| Investments | Shares | Value | ||||||
| Multiline Retail – 0.6% | ||||||||
Izumi Co., Ltd. | 2,300 | $ | 90,231 | |||||
MrMax Holdings Ltd. | 1,700 | 11,061 | ||||||
Takashimaya Co., Ltd. | 7,200 | 76,952 | ||||||
|
| |||||||
| Total Multiline Retail |
| 178,244 | ||||||
| Oil, Gas & Consumable Fuels – 1.3% | ||||||||
Cosmo Energy Holdings Co., Ltd.(a) | 6,400 | 152,731 | ||||||
Itochu Enex Co., Ltd. | 8,600 | 84,988 | ||||||
Iwatani Corp. | 1,700 | 105,077 | ||||||
Sala Corp. | 3,900 | 21,635 | ||||||
San-Ai Oil Co., Ltd. | 2,800 | 33,271 | ||||||
Sinanen Holdings Co., Ltd. | 700 | 19,290 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 416,992 | ||||||
| Paper & Forest Products – 0.6% | ||||||||
Daiken Corp. | 1,400 | 27,924 | ||||||
Daio Paper Corp. | 3,300 | 56,712 | ||||||
Hokuetsu Corp. | 9,000 | 42,190 | ||||||
Nippon Paper Industries Co., Ltd.(a) | 5,500 | 66,000 | ||||||
|
| |||||||
| Total Paper & Forest Products |
| 192,826 | ||||||
| Personal Products – 0.6% | ||||||||
Kitanotatsujin Corp. | 1,300 | 7,494 | ||||||
Mandom Corp. | 1,800 | 34,013 | ||||||
Milbon Co., Ltd. | 500 | 27,466 | ||||||
Noevir Holdings Co., Ltd.(a) | 2,100 | 95,403 | ||||||
Shinnihonseiyaku Co., Ltd. | 600 | 12,695 | ||||||
|
| |||||||
| Total Personal Products |
| 177,071 | ||||||
| Pharmaceuticals – 2.1% | ||||||||
Fuji Pharma Co., Ltd. | 1,600 | 18,447 | ||||||
Kaken Pharmaceutical Co., Ltd. | 3,500 | 137,308 | ||||||
KYORIN Holdings, Inc.(a) | 5,500 | 95,964 | ||||||
Mochida Pharmaceutical Co., Ltd. | 1,200 | 46,588 | ||||||
Nichi-iko Pharmaceutical Co., Ltd.(a) | 2,700 | 24,312 | ||||||
Sawai Pharmaceutical Co., Ltd. | 2,300 | 110,421 | ||||||
Seikagaku Corp. | 2,400 | 22,458 | ||||||
Taiko Pharmaceutical Co., Ltd.(a) | 1,000 | 11,294 | ||||||
Towa Pharmaceutical Co., Ltd. | 1,600 | 35,374 | ||||||
Tsumura & Co. | 3,400 | 121,692 | ||||||
ZERIA Pharmaceutical Co., Ltd.(a) | 2,200 | 41,870 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 665,728 | ||||||
| Professional Services – 2.3% | ||||||||
Altech Corp. | 1,550 | 30,734 | ||||||
BayCurrent Consulting, Inc. | 200 | 45,701 | ||||||
BeNEXT Group, Inc.(a) | 4,735 | 75,460 | ||||||
en-japan, Inc. | 1,700 | 52,538 | ||||||
Forum Engineering, Inc. | 2,300 | 22,084 | ||||||
FULLCAST Holdings Co., Ltd. | 1,100 | 19,890 | ||||||
Funai Soken Holdings, Inc. | 1,340 | 26,024 | ||||||
IR Japan Holdings Ltd. | 200 | 24,199 | ||||||
JAC Recruitment Co., Ltd. | 3,000 | 47,376 | ||||||
Meitec Corp. | 1,700 | 94,000 | ||||||
Nexyz Group Corp. | 1,200 | 11,989 | ||||||
Nisso Corp. | 2,200 | 17,102 | ||||||
Nomura Co., Ltd. | 6,600 | 54,831 | ||||||
Outsourcing, Inc. | 3,100 | 50,049 | ||||||
SMS Co., Ltd. | 400 | 12,235 | ||||||
Tanseisha Co., Ltd. | 3,800 | 30,297 | ||||||
TechnoPro Holdings, Inc. | 900 | 75,095 | ||||||
Weathernews, Inc. | 400 | 19,077 | ||||||
|
| |||||||
| Total Professional Services |
| 708,681 | ||||||
| Real Estate Management & Development – 2.5% | ||||||||
Aoyama Zaisan Networks Co., Ltd. (a) | 1,000 | 14,480 | ||||||
Daibiru Corp.(a) | 2,900 | 37,451 | ||||||
Goldcrest Co., Ltd.(a) | 3,000 | 46,045 | ||||||
Heiwa Real Estate Co., Ltd. | 1,700 | 53,154 | ||||||
Ichigo, Inc. | 16,500 | 48,828 | ||||||
Katitas Co., Ltd. | 1,600 | 44,742 | ||||||
Keihanshin Building Co., Ltd.(a) | 1,700 | 22,908 | ||||||
Nippon Commercial Development Co., Ltd. | 1,700 | 26,415 | ||||||
Raysum Co., Ltd.(a) | 2,900 | 23,672 | ||||||
SAMTY Co., Ltd.(a) | 3,000 | 55,059 | ||||||
Shinoken Group Co., Ltd. | 3,500 | 40,131 | ||||||
Star Mica Holdings Co., Ltd. | 800 | 8,789 | ||||||
Starts Corp., Inc. | 2,700 | 70,982 | ||||||
Sun Frontier Fudousan Co., Ltd. | 3,700 | 32,379 | ||||||
Takara Leben Co., Ltd. | 10,900 | 36,794 | ||||||
TOC Co., Ltd.(a) | 2,800 | 19,967 | ||||||
Tokyo Tatemono Co., Ltd. | 11,100 | 168,861 | ||||||
Tosei Corp. | 2,800 | 28,329 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 778,986 | ||||||
| Road & Rail – 1.5% | ||||||||
Fukuyama Transporting Co., Ltd. | 700 | 28,887 | ||||||
Hamakyorex Co., Ltd. | 800 | 23,493 | ||||||
Ichinen Holdings Co., Ltd.(a) | 1,300 | 15,871 | ||||||
Maruzen Showa Unyu Co., Ltd. | 800 | 23,493 | ||||||
Nikkon Holdings Co., Ltd.(a) | 2,500 | 50,294 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 1,200 | 32,112 | ||||||
Sakai Moving Service Co., Ltd. | 300 | 13,453 | ||||||
Sankyu, Inc. | 1,700 | 74,769 | ||||||
Seino Holdings Co., Ltd. | 9,500 | 132,570 | ||||||
Senko Group Holdings Co., Ltd.(a) | 6,900 | 65,441 | ||||||
|
| |||||||
| Total Road & Rail |
| 460,383 | ||||||
| Semiconductors & Semiconductor Equipment – 1.3% |
| |||||||
Ferrotec Holdings Corp. | 1,400 | 27,987 | ||||||
Japan Material Co., Ltd. | 2,300 | 27,267 | ||||||
Mimasu Semiconductor Industry Co., Ltd. | 1,000 | 24,697 | ||||||
Optorun Co., Ltd. | 1,800 | 44,682 | ||||||
Rorze Corp. | 300 | 21,231 | ||||||
SCREEN Holdings Co., Ltd. | 400 | 35,258 | ||||||
Shinko Electric Industries Co., Ltd. | 2,400 | 74,389 | ||||||
Tokyo Seimitsu Co., Ltd. | 1,300 | 59,294 | ||||||
Ulvac, Inc. | 1,600 | 67,403 | ||||||
Yamaichi Electronics Co., Ltd.(a) | 1,700 | 23,046 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 405,254 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 49 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| Investments | Shares | Value | ||||||
| Software – 0.8% | ||||||||
Broadleaf Co., Ltd.(a) | 3,400 | $ | 16,708 | |||||
Computer Engineering & Consulting Ltd. | 1,500 | 19,507 | ||||||
Cresco Ltd.(a) | 1,300 | 18,977 | ||||||
Cybernet Systems Co., Ltd. | 1,900 | 15,062 | ||||||
Digital Arts, Inc. | 200 | 17,539 | ||||||
Fuji Soft, Inc. | 400 | 20,742 | ||||||
Fukui Computer Holdings, Inc. | 500 | 17,941 | ||||||
Miroku Jyoho Service Co., Ltd.(a) | 900 | 16,786 | ||||||
SRA Holdings(a) | 1,600 | 39,254 | ||||||
Systena Corp. | 2,700 | 54,049 | ||||||
UNITED, Inc.(a) | 1,000 | 12,606 | ||||||
|
| |||||||
| Total Software |
| 249,171 | ||||||
| Specialty Retail – 2.9% | ||||||||
Adastria Co., Ltd. | 1,622 | 29,783 | ||||||
Alleanza Holdings Co., Ltd.(a) | 1,400 | 16,838 | ||||||
Alpen Co., Ltd. | 1,100 | 23,633 | ||||||
Arcland Sakamoto Co., Ltd. | 1,000 | 15,385 | ||||||
Autobacs Seven Co., Ltd. | 5,200 | 70,588 | ||||||
Bic Camera, Inc. | 4,800 | 53,864 | ||||||
Chiyoda Co., Ltd. | 3,400 | 30,492 | ||||||
DCM Holdings Co., Ltd. | 6,900 | 72,309 | ||||||
EDION Corp.(a) | 7,200 | 80,731 | ||||||
Geo Holdings Corp.(a) | 1,400 | 15,052 | ||||||
Honeys Holdings Co., Ltd. | 1,900 | 18,604 | ||||||
Joshin Denki Co., Ltd. | 800 | 22,878 | ||||||
Joyful Honda Co., Ltd. | 4,400 | 57,140 | ||||||
Keiyo Co., Ltd.(a) | 2,400 | 15,920 | ||||||
Kohnan Shoji Co., Ltd. | 1,200 | 34,588 | ||||||
Kojima Co., Ltd. | 2,500 | 15,973 | ||||||
Komeri Co., Ltd. | 1,700 | 47,462 | ||||||
Nafco Co., Ltd. | 1,300 | 25,165 | ||||||
Nojima Corp. | 1,600 | 40,717 | ||||||
PAL GROUP Holdings Co., Ltd. | 3,100 | 42,923 | ||||||
PC Depot Corp.(a) | 2,500 | 11,199 | ||||||
T-Gaia Corp. | 2,900 | 50,310 | ||||||
VT Holdings Co., Ltd. | 9,354 | 37,755 | ||||||
World Co., Ltd.* | 2,200 | 29,426 | ||||||
Xebio Holdings Co., Ltd. | 2,800 | 23,718 | ||||||
Yellow Hat Ltd. | 2,100 | 35,976 | ||||||
|
| |||||||
| Total Specialty Retail |
| 918,429 | ||||||
| Technology Hardware, Storage & Peripherals – 0.5% |
| |||||||
Eizo Corp. | 900 | 34,005 | ||||||
Elecom Co., Ltd.(a) | 2,400 | 53,343 | ||||||
MCJ Co., Ltd. | 5,700 | 49,675 | ||||||
Wacom Co., Ltd. | 3,600 | 24,206 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 161,229 | ||||||
| Textiles, Apparel & Luxury Goods – 1.4% | ||||||||
Asics Corp. | 3,400 | 54,308 | ||||||
Baroque Japan Ltd.(a) | 3,800 | 27,064 | ||||||
Fujibo Holdings, Inc. | 700 | 25,339 | ||||||
Gunze Ltd. | 900 | 33,842 | ||||||
Japan Wool Textile Co., Ltd. (The) | 5,200 | 48,471 | ||||||
Kurabo Industries Ltd. | 1,000 | 17,357 | ||||||
Onward Holdings Co., Ltd.(a) | 25,439 | 71,828 | ||||||
Seiko Holdings Corp.(a) | 3,500 | 59,452 | ||||||
Seiren Co., Ltd. | 1,900 | 33,461 | ||||||
Wacoal Holdings Corp. | 2,100 | 46,656 | ||||||
Yondoshi Holdings, Inc.(a) | 1,700 | 29,615 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 447,393 | ||||||
| Thrifts & Mortgage Finance – 0.1% | ||||||||
Aruhi Corp.(a) | 1,400 | 22,869 | ||||||
| Trading Companies & Distributors – 3.0% | ||||||||
Advan Co., Ltd. | 1,400 | 12,885 | ||||||
Alconix Corp. | 1,400 | 20,956 | ||||||
Chori Co., Ltd. | 1,000 | 15,249 | ||||||
Gecoss Corp. | 2,800 | 24,402 | ||||||
Hanwa Co., Ltd. | 1,300 | 39,941 | ||||||
Inaba Denki Sangyo Co., Ltd. | 2,300 | 55,533 | ||||||
Inabata & Co., Ltd. | 3,100 | 46,514 | ||||||
Kamei Corp. | 1,600 | 17,984 | ||||||
Kanamoto Co., Ltd. | 1,300 | 33,894 | ||||||
Kanematsu Corp. | 7,000 | 94,136 | ||||||
Nagase & Co., Ltd.(a) | 6,500 | 101,706 | ||||||
Nichiden Corp.(a) | 900 | 17,837 | ||||||
Nippon Steel Trading Corp. | 1,496 | 54,898 | ||||||
Nishio Rent All Co., Ltd. | 1,200 | 32,514 | ||||||
Onoken Co., Ltd. | 2,200 | 27,515 | ||||||
Sanyo Trading Co., Ltd. | 1,800 | 18,782 | ||||||
Sojitz Corp.(a) | 77,100 | 217,694 | ||||||
Trusco Nakayama Corp. | 900 | 23,929 | ||||||
Wakita & Co., Ltd. | 2,400 | 21,698 | ||||||
Yamazen Corp. | 2,800 | 26,404 | ||||||
Yuasa Trading Co., Ltd. | 1,400 | 39,529 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 944,000 | ||||||
| Transportation Infrastructure – 0.4% | ||||||||
Kamigumi Co., Ltd. | 3,400 | 64,523 | ||||||
Mitsubishi Logistics Corp.(a) | 2,000 | 61,267 | ||||||
Nissin Corp. | 1,000 | 13,158 | ||||||
|
| |||||||
| Total Transportation Infrastructure |
| 138,948 | ||||||
| Wireless Telecommunication Services – 0.2% |
| |||||||
Okinawa Cellular Telephone Co. | 1,700 | 78,154 | ||||||
TOTAL COMMON STOCKS (Cost: $30,744,664) | 30,762,359 | |||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.3% |
| |||||||
| United States – 12.3% | ||||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $3,862,845) | 3,862,845 | 3,862,845 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 110.5% (Cost: $34,607,509) | 34,625,204 | |||||||
Other Assets less Liabilities – (10.5)% | (3,293,374 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 31,331,830 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $7,229,453 and the total market value of the collateral held by the Fund was $7,696,627. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,833,782. |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
See Notes to Financial Statements.
| 50 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 228,572,981 | JPY | 2,068,472 | USD | $ | 129 | $ | — | |||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 195,921,135 | JPY | 1,772,989 | USD | 111 | — | |||||||||||||||||||||
Bank of America N.A. | 4/5/2021 | 2,068,472 | USD | 220,298,680 | JPY | 74,754 | — | |||||||||||||||||||||
Bank of America N.A. | 5/10/2021 | 2,226,848 | USD | 245,998,339 | JPY | — | (184 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/10/2021 | 1,908,735 | USD | 210,856,619 | JPY | — | (158 | ) | ||||||||||||||||||||
Bank of Montreal | 4/5/2021 | 228,561,398 | JPY | 2,068,472 | USD | 24 | — | |||||||||||||||||||||
Bank of Montreal | 4/5/2021 | 2,068,472 | USD | 220,291,854 | JPY | 74,816 | — | |||||||||||||||||||||
Bank of Montreal | 5/10/2021 | 2,226,848 | USD | 245,985,869 | JPY | — | (72 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/5/2021 | 228,570,706 | JPY | 2,068,472 | USD | 109 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/5/2021 | 2,068,472 | USD | 220,299,714 | JPY | 74,744 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/10/2021 | 2,226,848 | USD | 246,000,343 | JPY | — | (203 | ) | ||||||||||||||||||||
Citibank N.A. | 4/5/2021 | 228,558,295 | JPY | 2,068,472 | USD | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 4/5/2021 | 2,068,472 | USD | 220,295,370 | JPY | 74,784 | — | |||||||||||||||||||||
Citibank N.A. | 5/10/2021 | 2,226,848 | USD | 245,990,323 | JPY | — | (112 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 4/5/2021 | 228,572,981 | JPY | 2,068,472 | USD | 129 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 5/10/2021 | 2,226,848 | USD | 245,999,007 | JPY | — | (191 | ) | ||||||||||||||||||||
Credit Suisse International | 4/5/2021 | 228,553,745 | JPY | 2,068,472 | USD | — | (45 | ) | ||||||||||||||||||||
Credit Suisse International | 4/5/2021 | 2,068,472 | USD | 220,308,195 | JPY | 74,668 | — | |||||||||||||||||||||
Credit Suisse International | 5/10/2021 | 2,226,848 | USD | 246,006,133 | JPY | — | (255 | ) | ||||||||||||||||||||
Goldman Sachs | 4/5/2021 | 228,563,260 | JPY | 2,068,472 | USD | 41 | — | |||||||||||||||||||||
Goldman Sachs | 4/5/2021 | 2,068,472 | USD | 220,291,440 | JPY | 74,819 | — | |||||||||||||||||||||
Goldman Sachs | 5/10/2021 | 2,226,848 | USD | 245,983,642 | JPY | — | (51 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/5/2021 | 228,561,605 | JPY | 2,068,472 | USD | 26 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/5/2021 | 2,068,472 | USD | 220,292,474 | JPY | 74,810 | — | |||||||||||||||||||||
HSBC Holdings PLC | 5/10/2021 | 2,226,848 | USD | 245,989,877 | JPY | — | (108 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/5/2021 | 228,563,053 | JPY | 2,068,472 | USD | 39 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/5/2021 | 2,068,472 | USD | 220,295,577 | JPY | 74,782 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/10/2021 | 2,226,848 | USD | 245,990,991 | JPY | — | (118 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 326,510,484 | JPY | 2,954,961 | USD | — | (19 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 2,068,472 | USD | 220,287,924 | JPY | 74,851 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 4,727,950 | USD | 503,516,746 | JPY | 171,089 | — | |||||||||||||||||||||
Royal Bank of Canada | 5/10/2021 | 3,181,212 | USD | 351,408,766 | JPY | — | (105 | ) | ||||||||||||||||||||
Societe Generale | 4/5/2021 | 228,570,292 | JPY | 2,068,472 | USD | 105 | — | |||||||||||||||||||||
Societe Generale | 4/5/2021 | 2,068,472 | USD | 220,302,610 | JPY | 74,718 | — | |||||||||||||||||||||
Societe Generale | 5/10/2021 | 2,226,848 | USD | 245,995,444 | JPY | — | (158 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/5/2021 | 228,555,813 | JPY | 2,068,472 | USD | — | (26 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/5/2021 | 2,068,472 | USD | 220,312,953 | JPY | 74,625 | — | |||||||||||||||||||||
Standard Chartered Bank | 5/10/2021 | 2,226,848 | USD | 246,009,919 | JPY | — | (289 | ) | ||||||||||||||||||||
UBS AG | 4/5/2021 | 228,556,847 | JPY | 2,068,472 | USD | — | (17 | ) | ||||||||||||||||||||
UBS AG | 4/5/2021 | 2,068,472 | USD | 220,292,268 | JPY | 74,812 | — | |||||||||||||||||||||
UBS AG | 5/10/2021 | 2,226,848 | USD | 245,991,213 | JPY | — | (120 | ) | ||||||||||||||||||||
| $ | 1,068,985 | $ | (2,235 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 51 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | ||||||||||||||||
Construction & Engineering | $ | 2,043,808 | $ | 18,751 | $ | — | $ | 2,062,559 | ||||||||
Pharmaceuticals | 555,307 | 110,421 | — | 665,728 | ||||||||||||
Other | 28,034,072 | — | — | 28,034,072 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 3,862,845 | — | 3,862,845 | ||||||||||||
Total Investments in Securities | $ | 30,633,187 | $ | 3,992,017 | $ | — | $ | 34,625,204 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 1,068,985 | $ | — | $ | 1,068,985 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (2,235 | ) | $ | — | $ | (2,235 | ) | ||||||
Total – Net | $ | 30,633,187 | $ | 5,058,767 | $ | — | $ | 35,691,954 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| 52 | WisdomTree Trust |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Trust
March 31, 2021
WisdomTree Europe Hedged | WisdomTree Hedged | WisdomTree Germany Hedged Equity Fund | WisdomTree Quality Dividend | WisdomTree Japan Hedged Equity Fund | WisdomTree Japan Hedged SmallCap Equity Fund | |||||||||||||||||||
ASSETS: |
| |||||||||||||||||||||||
Investments, at cost | $ | 1,675,861,283 | $ | 32,906,210 | $ | 27,316,109 | $ | 722,078,053 | $ | 1,612,583,123 | $ | 34,607,509 | ||||||||||||
Investment in affiliates, at cost (Note 3) | — | — | — | 1,253,858 | — | — | ||||||||||||||||||
Foreign currency, at cost | 714,732 | 110,267 | 20,080 | 573,057 | 3,842,144 | 71,303 | ||||||||||||||||||
Investments in securities, at value1,2 (Note 2) | 1,983,485,534 | 38,148,343 | 31,020,404 | 900,620,602 | 1,685,385,885 | 34,625,204 | ||||||||||||||||||
Investment in affiliates, at value (Note 3) | — | — | — | 1,615,390 | — | — | ||||||||||||||||||
Cash | 52,600 | 1,859 | 241 | 321,314 | 1,065,797 | 3,547 | ||||||||||||||||||
Foreign currency, at value | 716,282 | 110,507 | 19,545 | 569,890 | 3,840,417 | 71,303 | ||||||||||||||||||
Unrealized appreciation on foreign currency contracts | 60,999,016 | 1,165,667 | 942,570 | 23,168,001 | 58,546,393 | 1,068,985 | ||||||||||||||||||
Receivables: |
| |||||||||||||||||||||||
Capital shares sold | — | — | — | — | 12,202,921 | — | ||||||||||||||||||
Dividends | 2,041,475 | 93,537 | — | 6,616,554 | 16,046,562 | 353,858 | ||||||||||||||||||
Securities lending income | 19,752 | 1,976 | — | 15,883 | 28,860 | 1,494 | ||||||||||||||||||
Foreign tax reclaims | 4,539,403 | 190,422 | 409,276 | 2,334,211 | — | — | ||||||||||||||||||
Total Assets | 2,051,854,062 | 39,712,311 | 32,392,036 | 935,261,845 | 1,777,116,835 | 36,124,391 | ||||||||||||||||||
LIABILITIES: |
| |||||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 1,672,261 | 2,181 | 1,916 | 50,265 | 1,642,096 | 2,235 | ||||||||||||||||||
Payables: |
| |||||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 53,738,416 | 1,050,216 | — | 13,942,780 | 37,359,605 | 3,862,845 | ||||||||||||||||||
Investment securities purchased | 57,842,463 | 1,288,862 | 918,829 | 21,337,216 | 62,695,875 | 912,105 | ||||||||||||||||||
Advisory fees (Note 3) | 925,946 | 17,917 | 12,360 | 437,227 | 654,528 | 15,260 | ||||||||||||||||||
Service fees (Note 2) | 7,024 | 138 | 114 | 3,301 | 6,000 | 116 | ||||||||||||||||||
Total Liabilities | 114,186,110 | 2,359,314 | 933,219 | 35,770,789 | 102,358,104 | 4,792,561 | ||||||||||||||||||
NET ASSETS | $ | 1,937,667,952 | $ | 37,352,997 | $ | 31,458,817 | $ | 899,491,056 | $ | 1,674,758,731 | $ | 31,331,830 | ||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Paid-in capital | $ | 3,831,999,242 | $ | 58,129,724 | $ | 61,662,514 | $ | 768,619,254 | $ | 3,387,871,403 | $ | 54,636,381 | ||||||||||||
Total distributable earnings (loss) | (1,894,331,290 | ) | (20,776,727 | ) | (30,203,697 | ) | 130,871,802 | (1,713,112,672 | ) | (23,304,551 | ) | |||||||||||||
NET ASSETS | $ | 1,937,667,952 | $ | 37,352,997 | $ | 31,458,817 | $ | 899,491,056 | $ | 1,674,758,731 | $ | 31,331,830 | ||||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 26,650,000 | 1,100,000 | 900,000 | 21,850,000 | 27,450,000 | 700,000 | ||||||||||||||||||
Net asset value per share | $ | 72.71 | $ | 33.96 | $ | 34.95 | $ | 41.17 | $ | 61.01 | $ | 44.76 | ||||||||||||
1 Includes market value of securities out on loan of: | $ | 72,564,979 | $ | 1,299,046 | — | $ | 54,459,474 | $ | 173,972,974 | $ | 7,229,453 | |||||||||||||
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 | 53 |
Table of Contents
WisdomTree Trust
For the Year Ended March 31, 2021
WisdomTree Hedged | WisdomTree Hedged | WisdomTree Germany Hedged Equity Fund | WisdomTree International Hedged Quality Dividend Growth Fund | WisdomTree Japan Hedged Equity Fund | WisdomTree Japan Hedged SmallCap Equity Fund | |||||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||||||
Dividends1 | $ | 50,104,346 | $ | 1,149,081 | $ | 997,996 | $ | 23,199,527 | $ | 39,808,960 | $ | 717,338 | ||||||||||||
Dividends from affiliates (Note 3) | — | — | — | 41,591 | — | — | ||||||||||||||||||
Non-cash dividends | 15,177,930 | 398,356 | 181,644 | 76,936 | — | — | ||||||||||||||||||
Securities lending income, net (Note 2) | 413,393 | 39,775 | 6,954 | 158,552 | 247,278 | 18,563 | ||||||||||||||||||
Total investment income | 65,695,669 | 1,587,212 | 1,186,594 | 23,476,606 | 40,056,238 | 735,901 | ||||||||||||||||||
EXPENSES: |
| |||||||||||||||||||||||
Advisory fees (Note 3) | 11,233,077 | 220,289 | 147,466 | 4,603,139 | 7,635,208 | 189,257 | ||||||||||||||||||
Service fees (Note 2) | 85,217 | 1,671 | 1,353 | 34,921 | 69,989 | 1,436 | ||||||||||||||||||
Total expenses | 11,318,294 | 221,960 | 148,819 | 4,638,060 | 7,705,197 | 190,693 | ||||||||||||||||||
Expense waivers (Note 3) | — | — | — | (4,133 | ) | — | — | |||||||||||||||||
Net expenses | 11,318,294 | 221,960 | 148,819 | 4,633,927 | 7,705,197 | 190,693 | ||||||||||||||||||
Net investment income | 54,377,375 | 1,365,252 | 1,037,775 | 18,842,679 | 32,351,041 | 545,208 | ||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||||||
Investment transactions | (533,784,620 | ) | (11,371,387 | ) | (4,594,874 | ) | 11,066,959 | (50,225,778 | ) | (1,196,837 | ) | |||||||||||||
Investment transactions in affiliates (Note 3) | — | — | — | 15,366 | — | — | ||||||||||||||||||
In-kind redemptions | 123,140,210 | (93,227 | ) | 1,774,403 | 39,760,445 | 17,703,030 | (1,825,940 | ) | ||||||||||||||||
Foreign currency contracts | (172,044,976 | ) | (3,197,079 | ) | (2,818,209 | ) | (59,488,398 | ) | (15,110,082 | ) | (208,300 | ) | ||||||||||||
Foreign currency related transactions | 350,072 | (2,335 | ) | 2,882 | (285,539 | ) | 423,400 | 11,721 | ||||||||||||||||
Net realized loss | (582,339,314 | ) | (14,664,028 | ) | (5,635,798 | ) | (8,931,167 | ) | (47,209,430 | ) | (3,219,356 | ) | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: |
| |||||||||||||||||||||||
Investment transactions | 1,200,318,038 | 28,217,379 | 18,475,697 | 217,264,505 | 573,615,038 | 11,695,722 | ||||||||||||||||||
Investment transactions in affiliates (Note 3) | — | — | — | 620,658 | — | — | ||||||||||||||||||
Foreign currency contracts | 51,214,433 | 929,757 | 844,453 | 14,016,169 | 56,462,120 | 953,891 | ||||||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 359,861 | 14,813 | 26,295 | (27,699 | ) | (72,945 | ) | (2,604 | ) | |||||||||||||||
Net increase in unrealized appreciation/depreciation | 1,251,892,332 | 29,161,949 | 19,346,445 | 231,873,633 | 630,004,213 | 12,647,009 | ||||||||||||||||||
Net realized and unrealized gain on investments | 669,553,018 | 14,497,921 | 13,710,647 | 222,942,466 | 582,794,783 | 9,427,653 | ||||||||||||||||||
Net increase from payment by affiliate (Note 3) | — | — | — | 1,756,103 | 22,753 | — | ||||||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 723,930,393 | $ | 15,863,173 | $ | 14,748,422 | $ | 243,541,248 | $ | 615,168,577 | $ | 9,972,861 | ||||||||||||
1 Net of foreign withholding tax of: | $ | 8,132,662 | $ | 196,200 | $ | 134,671 | $ | 1,754,300 | $ | 4,423,852 | $ | 79,593 | ||||||||||||
See Notes to Financial Statements.
| 54 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Trust
| WisdomTree Europe Hedged Equity Fund | WisdomTree Europe Hedged SmallCap Equity Fund | WisdomTree Germany Hedged Equity Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 54,377,375 | $ | 78,001,113 | $ | 1,365,252 | $ | 3,694,613 | $ | 1,037,775 | $ | 1,302,782 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | (582,339,314 | ) | 93,711,400 | (14,664,028 | ) | 4,524,788 | (5,635,798 | ) | 459,677 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 1,251,892,332 | (677,399,979 | ) | 29,161,949 | (20,105,830 | ) | 19,346,445 | (7,954,136 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 723,930,393 | (505,687,466 | ) | 15,863,173 | (11,886,429 | ) | 14,748,422 | (6,191,677 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (53,199,944 | ) | (73,070,900 | ) | (1,413,257 | ) | (3,656,484 | ) | (1,043,996 | ) | (1,302,508 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 42,516,333 | 3,557,401 | — | — | — | 1,489,195 | ||||||||||||||||||
Cost of shares redeemed | (975,850,079 | ) | (968,886,044 | ) | (26,293,657 | ) | (55,930,935 | ) | (11,867,822 | ) | (15,913,474 | ) | ||||||||||||
Net decrease in net assets resulting from capital share transactions | (933,333,746 | ) | (965,328,643 | ) | (26,293,657 | ) | (55,930,935 | ) | (11,867,822 | ) | (14,424,279 | ) | ||||||||||||
Net Increase (Decrease) in Net Assets | (262,603,297 | ) | (1,544,087,009 | ) | (11,843,741 | ) | (71,473,848 | ) | 1,836,604 | (21,918,464 | ) | |||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 2,200,271,249 | $ | 3,744,358,258 | $ | 49,196,738 | $ | 120,670,586 | $ | 29,622,213 | $ | 51,540,677 | ||||||||||||
End of year | $ | 1,937,667,952 | $ | 2,200,271,249 | $ | 37,352,997 | $ | 49,196,738 | $ | 31,458,817 | $ | 29,622,213 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 42,450,000 | 58,600,000 | 2,100,000 | 4,000,000 | 1,300,000 | 1,800,000 | ||||||||||||||||||
Shares created | 650,000 | 50,000 | — | — | — | 50,000 | ||||||||||||||||||
Shares redeemed | (16,450,000 | ) | (16,200,000 | ) | (1,000,000 | ) | (1,900,000 | ) | (400,000 | ) | (550,000 | ) | ||||||||||||
Shares outstanding, end of year | 26,650,000 | 42,450,000 | 1,100,000 | 2,100,000 | 900,000 | 1,300,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 55 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Trust
| WisdomTree International Hedged Quality Dividend Growth Fund | WisdomTree Japan Hedged Equity Fund | WisdomTree Japan Hedged SmallCap Equity Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 18,842,679 | $ | 11,880,724 | $ | 32,351,041 | $ | 55,317,643 | $ | 545,208 | $ | 1,166,644 | ||||||||||||
Net realized loss on investments, foreign currency contracts and foreign currency related transactions | (8,931,167 | ) | (13,121,390 | ) | (47,209,430 | ) | (190,703,201 | ) | (3,219,356 | ) | (5,283,312 | ) | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 231,873,633 | (38,129,013 | ) | 630,004,213 | (175,200,973 | ) | 12,647,009 | (2,695,091 | ) | |||||||||||||||
Net increase from payment by affiliate | 1,756,103 | — | 22,753 | — | — | — | ||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 243,541,248 | (39,369,679 | ) | 615,168,577 | (310,586,531 | ) | 9,972,861 | (6,811,759 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (20,307,783 | ) | (10,573,345 | ) | (43,598,753 | ) | (69,542,586 | ) | (1,037,117 | ) | (1,374,718 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 167,467,543 | 217,335,137 | 234,513,759 | 244,142,751 | — | — | ||||||||||||||||||
Cost of shares redeemed | (83,555,794 | ) | (13,754,073 | ) | (841,125,421 | ) | (1,408,630,036 | ) | (21,653,342 | ) | (30,860,738 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 83,911,749 | 203,581,064 | (606,611,662 | ) | (1,164,487,285 | ) | (21,653,342 | ) | (30,860,738 | ) | ||||||||||||||
Net Increase (Decrease) in Net Assets | 307,145,214 | 153,638,040 | (35,041,838 | ) | (1,544,616,402 | ) | (12,717,598 | ) | (39,047,215 | ) | ||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 592,345,842 | $ | 438,707,802 | $ | 1,709,800,569 | $ | 3,254,416,971 | $ | 44,049,428 | $ | 83,096,643 | ||||||||||||
End of year | $ | 899,491,056 | $ | 592,345,842 | $ | 1,674,758,731 | $ | 1,709,800,569 | $ | 31,331,830 | $ | 44,049,428 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 19,350,000 | 13,650,000 | 40,100,000 | 64,550,000 | 1,300,000 | 2,100,000 | ||||||||||||||||||
Shares created | 4,750,000 | 6,150,000 | 4,200,000 | 4,800,000 | — | — | ||||||||||||||||||
Shares redeemed | (2,250,000 | ) | (450,000 | ) | (16,850,000 | ) | (29,250,000 | ) | (600,000 | ) | (800,000 | ) | ||||||||||||
Shares outstanding, end of year | 21,850,000 | 19,350,000 | 27,450,000 | 40,100,000 | 700,000 | 1,300,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 56 | WisdomTree Trust |
Table of Contents
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Europe Hedged Equity Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 51.83 | $ | 63.90 | $ | 62.67 | $ | 62.80 | $ | 52.04 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.76 | 1.52 | 1.79 | 1.23 | 1.70 | |||||||||||||||
Net realized and unrealized gain (loss) | 20.86 | (12.21 | ) | �� | 0.90 | 0.08 | 10.59 | |||||||||||||
Total from investment operations | 22.62 | (10.69 | ) | 2.69 | 1.31 | 12.29 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (1.74 | ) | (1.38 | ) | (1.29 | ) | (1.44 | ) | (1.53 | ) | ||||||||||
Tax return of capital | — | — | (0.17 | ) | — | — | ||||||||||||||
Total dividends and distributions to shareholders | (1.74 | ) | (1.38 | ) | (1.46 | ) | (1.44 | ) | (1.53 | ) | ||||||||||
Net asset value, end of year | $ | 72.71 | $ | 51.83 | $ | 63.90 | $ | 62.67 | $ | 62.80 | ||||||||||
TOTAL RETURN2 | 44.22 | % | (17.15 | )% | 4.33 | % | 2.03 | % | 24.20 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,937,668 | $ | 2,200,271 | $ | 3,744,358 | $ | 6,332,946 | $ | 9,300,174 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 2.81 | % | 2.29 | % | 2.86 | % | 1.91 | % | 3.13 | % | ||||||||||
Portfolio turnover rate3 | 55 | % | 26 | % | 18 | % | 20 | % | 24 | % | ||||||||||
| WisdomTree Europe Hedged SmallCap Equity Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 23.43 | $ | 30.17 | $ | 30.62 | $ | 28.29 | $ | 23.90 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.02 | 1.22 | 1.06 | 0.74 | 0.81 | |||||||||||||||
Net realized and unrealized gain (loss) | 10.56 | (6.92 | ) | (0.89 | ) | 2.05 | 4.25 | |||||||||||||
Total from investment operations | 11.58 | (5.70 | ) | 0.17 | 2.79 | 5.06 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (1.05 | ) | (1.04 | ) | (0.62 | ) | (0.45 | ) | (0.67 | ) | ||||||||||
Tax return of capital | — | — | — | (0.01 | ) | — | ||||||||||||||
Total dividends and distributions to shareholders | (1.05 | ) | (1.04 | ) | (0.62 | ) | (0.46 | ) | (0.67 | ) | ||||||||||
Net asset value, end of year | $ | 33.96 | $ | 23.43 | $ | 30.17 | $ | 30.62 | $ | 28.29 | ||||||||||
TOTAL RETURN2 | 50.50 | % | (19.62 | )% | 0.54 | % | 9.88 | % | 21.62 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 37,353 | $ | 49,197 | $ | 120,671 | $ | 154,624 | $ | 155,594 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 3.59 | % | 3.99 | % | 3.55 | % | 2.43 | % | 3.27 | % | ||||||||||
Portfolio turnover rate3 | 77 | % | 49 | % | 37 | % | 37 | % | 41 | % | ||||||||||
| 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. |
| 3 | Portfolio turnover rate 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 | 57 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Germany Hedged Equity Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 22.79 | $ | 28.63 | $ | 30.95 | $ | 30.40 | $ | 25.54 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.98 | 0.88 | 1.10 | 0.87 | 0.84 | |||||||||||||||
Net realized and unrealized gain (loss) | 12.16 | (5.87 | ) | (2.64 | ) | 0.54 | 4.99 | |||||||||||||
Total from investment operations | 13.14 | (4.99 | ) | (1.54 | ) | 1.41 | 5.83 | |||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.98 | ) | (0.85 | ) | (0.59 | ) | (0.64 | ) | (0.97 | ) | ||||||||||
Tax return of capital | — | — | (0.19 | ) | (0.22 | ) | — | |||||||||||||
Total dividends and distributions to shareholders | (0.98 | ) | (0.85 | ) | (0.78 | ) | (0.86 | ) | (0.97 | ) | ||||||||||
Net asset value, end of year | $ | 34.95 | $ | 22.79 | $ | 28.63 | $ | 30.95 | $ | 30.40 | ||||||||||
TOTAL RETURN2 | 58.59 | % | (18.06 | )% | (5.07 | )% | 4.63 | % | 23.62 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 31,459 | $ | 29,622 | $ | 51,541 | $ | 91,302 | $ | 124,648 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | ||||||||||
Net investment income | 3.38 | % | 2.95 | % | 3.66 | % | 2.78 | % | 3.14 | % | ||||||||||
Portfolio turnover rate3 | 46 | % | 41 | % | 16 | % | 20 | % | 28 | % | ||||||||||
| WisdomTree International Hedged Quality Dividend Growth Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 30.61 | $ | 32.14 | $ | 30.78 | $ | 28.39 | $ | 25.73 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.88 | 0.78 | 0.64 | 0.58 | 0.56 | |||||||||||||||
Net realized and unrealized gain (loss) | 10.54 | (1.59 | ) | 0.83 | 1.99 | 2.80 | ||||||||||||||
Net increase from payment by affiliate | 0.08 | — | — | — | — | |||||||||||||||
Total from investment operations | 11.50 | (0.81 | ) | 1.47 | 2.57 | 3.36 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.94 | ) | (0.72 | ) | (0.11 | ) | (0.18 | ) | (0.70 | ) | ||||||||||
Net asset value, end of year | $ | 41.17 | $ | 30.61 | $ | 32.14 | $ | 30.78 | $ | 28.39 | ||||||||||
TOTAL RETURN2 | 37.85 | %4 | (2.70 | )% | 4.78 | % | 9.05 | % | 13.26 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 899,491 | $ | 592,346 | $ | 438,708 | $ | 543,192 | $ | 479,727 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.58 | %5,6 | 0.58 | %5,6 | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 2.37 | %5 | 2.32 | %5 | 2.07 | % | 1.89 | % | 2.14 | % | ||||||||||
Portfolio turnover rate3 | 67 | % | 61 | % | 56 | % | 42 | % | 53 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree International Hedged Quality Dividend Growth Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Portfolio turnover rate 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. |
| 4 | Includes a reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this reimbursement, total return would have been 0.27% lower (Note 3). |
| 5 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 6 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
See Notes to Financial Statements.
| 58 | WisdomTree Trust |
Table of Contents
Financial Highlights (concluded)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Japan Hedged Equity Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 42.64 | $ | 50.42 | $ | 55.76 | $ | 50.40 | $ | 43.85 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.02 | 1.05 | 1.06 | 0.92 | 0.86 | |||||||||||||||
Net realized and unrealized gain (loss) | 18.73 | (7.52 | ) | (5.03 | ) | 5.81 | 6.67 | |||||||||||||
Net increase from payment by affiliate | 0.00 | 5 | — | — | — | — | ||||||||||||||
Total from investment operations | 19.75 | (6.47 | ) | (3.97 | ) | 6.73 | 7.53 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.38 | ) | (1.31 | ) | (1.37 | ) | (1.37 | ) | (0.98 | ) | ||||||||||
Net asset value, end of year | $ | 61.01 | $ | 42.64 | $ | 50.42 | $ | 55.76 | $ | 50.40 | ||||||||||
TOTAL RETURN2 | 46.97 | %3 | (13.26 | )% | (7.20 | )% | 13.45 | % | 17.45 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,674,759 | $ | 1,709,801 | $ | 3,254,417 | $ | 6,607,000 | $ | 8,411,670 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | ||||||||||
Net investment income | 2.03 | % | 2.08 | % | 1.96 | % | 1.67 | % | 1.91 | % | ||||||||||
Portfolio turnover rate4 | 25 | % | 20 | % | 23 | % | 18 | % | 37 | % | ||||||||||
| WisdomTree Japan Hedged SmallCap Equity Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 33.88 | $ | 39.57 | $ | 44.13 | $ | 37.28 | $ | 31.24 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.64 | 0.75 | 0.51 | 0.64 | 0.70 | |||||||||||||||
Net realized and unrealized gain (loss) | 11.45 | (5.52 | ) | (4.31 | ) | 6.91 | 5.94 | |||||||||||||
Total from investment operations | 12.09 | (4.77 | ) | (3.80 | ) | 7.55 | 6.64 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.21 | ) | (0.92 | ) | (0.76 | ) | (0.70 | ) | (0.60 | ) | ||||||||||
Net asset value, end of year | $ | 44.76 | $ | 33.88 | $ | 39.57 | $ | 44.13 | $ | 37.28 | ||||||||||
TOTAL RETURN2 | 36.31 | % | (12.41 | )% | (8.77 | )% | 20.42 | % | 21.64 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 31,332 | $ | 44,049 | $ | 83,097 | $ | 207,434 | $ | 115,561 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 1.67 | % | 1.90 | % | 1.20 | % | 1.51 | % | 2.11 | % | ||||||||||
Portfolio turnover rate4 | 41 | % | 36 | % | 38 | % | 30 | % | 48 | % | ||||||||||
| 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. |
| 3 | Includes a reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding the reimbursement, total return would have been unchanged (Note 3). |
| 4 | Portfolio turnover rate 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 $0.01 per share. |
See Notes to Financial Statements.
| WisdomTree Trust | 59 |
Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 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 Europe Hedged Equity Fund (“Europe Hedged Equity Fund’’) | December 31, 2009 | |||
WisdomTree Europe Hedged SmallCap Equity Fund (“Europe Hedged SmallCap Equity Fund’’) | March 4, 2015 | |||
WisdomTree Germany Hedged Equity Fund (“Germany Hedged Equity Fund’’) | October 17, 2013 | |||
WisdomTree International Hedged Quality Dividend Growth Fund (“International Hedged Quality Dividend Growth Fund’’) | May 7, 2014 | |||
WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund’’) | June 16, 2006 | |||
WisdomTree Japan Hedged SmallCap Equity Fund (“Japan Hedged SmallCap Equity Fund’’) | June 28, 2013 | |||
Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified 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 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 sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time.
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
| 60 | WisdomTree Trust |
Table of Contents
Notes to Financial Statements (continued)
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 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
| WisdomTree Trust | 61 |
Table of Contents
Notes to Financial Statements (continued)
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 ended March 31, 2021, 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 during the year ended March 31, 2021 and open positions in such derivatives as of March 31, 2021 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements 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 March 31, 2021 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 March 31, 2021, if any, is reflected as a footnote within each Fund’s Schedule of Investments.
As of March 31, 2021, 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 | ||||||||||||
Europe Hedged Equity Fund | ||||||||||||||||
Foreign exchange contracts | | Unrealized appreciation on foreign currency contracts | | $ | 60,999,016 | | Unrealized depreciation on foreign currency contracts | | $ | 1,672,261 | ||||||
Europe Hedged SmallCap Equity Fund | ||||||||||||||||
Foreign exchange contracts | | Unrealized appreciation on foreign currency contracts | | 1,165,667 | | Unrealized depreciation on foreign currency contracts | | 2,181 | ||||||||
Germany Hedged Equity Fund | ||||||||||||||||
Foreign exchange contracts | | Unrealized appreciation on foreign currency contracts | | 942,570 | | Unrealized depreciation on foreign currency contracts | | 1,916 | ||||||||
International Hedged Quality Dividend Growth Fund | ||||||||||||||||
Foreign exchange contracts | | Unrealized appreciation on foreign currency contracts | | 23,168,001 | | Unrealized depreciation on foreign currency contracts | | 50,265 | ||||||||
Japan Hedged Equity Fund | ||||||||||||||||
Foreign exchange contracts | | Unrealized appreciation on foreign currency contracts | | 58,546,393 | | Unrealized depreciation on foreign currency contracts | | 1,642,096 | ||||||||
Japan Hedged SmallCap Equity Fund | ||||||||||||||||
Foreign exchange contracts | | Unrealized appreciation on foreign currency contracts | | 1,068,985 | | Unrealized depreciation on foreign currency contracts | | 2,235 | ||||||||
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Notes to Financial Statements (continued)
For the fiscal year ended March 31, 2021, the effects of derivative instruments on each applicable 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 | ||||||
Europe Hedged Equity Fund | ||||||||
Foreign exchange contracts | $ | (172,044,976 | ) | $ | 51,214,433 | |||
Europe Hedged SmallCap Equity Fund | ||||||||
Foreign exchange contracts | (3,197,079 | ) | 929,757 | |||||
Germany Hedged Equity Fund | ||||||||
Foreign exchange contracts | (2,818,209 | ) | 844,453 | |||||
International Hedged Quality Dividend Growth Fund | ||||||||
Foreign exchange contracts | (59,488,398 | ) | 14,016,169 | |||||
Japan Hedged Equity Fund | ||||||||
Foreign exchange contracts | (15,110,082 | ) | 56,462,120 | |||||
Japan Hedged SmallCap Equity Fund | ||||||||
Foreign exchange contracts | (208,300 | ) | 953,891 | |||||
| 1 | Realized gains (losses) on derivatives are located on the Statements of Operations as follows: |
Foreign exchange contracts | Net realized gain (loss) from foreign currency contracts |
| 2 | Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows: |
Foreign exchange contracts | Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts |
During the fiscal year ended March 31, 2021, the volume of derivative activity (based on the average of month-end balances) for each Fund was as follows:
| Average Notional | ||||||||
| Fund | Foreign currency USD) | Foreign currency USD) | ||||||
Europe Hedged Equity Fund |
| |||||||
Foreign exchange contracts | $ | 2,033,616,932 | $ | 3,971,292,580 | ||||
Europe Hedged SmallCap Equity Fund |
| |||||||
Foreign exchange contracts | 40,691,994 | 78,614,683 | ||||||
Germany Hedged Equity Fund |
| |||||||
Foreign exchange contracts | 31,032,265 | 61,467,614 | ||||||
International Hedged Quality Dividend Growth Fund |
| |||||||
Foreign exchange contracts | 782,244,323 | 1,570,070,215 | ||||||
Japan Hedged Equity Fund |
| |||||||
Foreign exchange contracts | 1,657,051,999 | 3,253,933,108 | ||||||
Japan Hedged SmallCap Equity Fund |
| |||||||
Foreign exchange contracts | 34,692,799 | 68,089,176 | ||||||
Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable (with respect to foreign dividends) 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 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. 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
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Table of Contents
Notes to Financial Statements (continued)
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, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.
Acquired fund fees and expenses (“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 may not enter into such contracts for speculative purposes.
Forward Foreign Currency Contracts — The Funds utilized forward foreign currency contracts (“Forward Contracts”) primarily to offset exposure to foreign currencies consistent with each 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.
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Notes to Financial Statements (continued)
Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies 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 (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend income earned on the securities loaned is accounted for in the same manner as other dividend 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 if the value of the collateral received is insufficient to cover the market value of the securities loaned.
Master Netting Arrangements — Codification 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 collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.
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Notes to Financial Statements (continued)
For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2021, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:
| Assets | Liabilities | |||||||||||||||||||||||||||||||
| Gross Amounts in the Statements of Assets and Liabilities | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Gross Amounts in the Statements of Assets and Liabilities | Gross Amounts Not Offset in the Statements of Assets and Liabilities | |||||||||||||||||||||||||||||
| Fund | Financial Instruments | Collateral Received | Net Amount | Financial Instruments | Collateral Posted | Net Amount | ||||||||||||||||||||||||||
Europe Hedged Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | $ | 72,564,979 | $ | — | $ | (72,564,979 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Foreign Currency Contracts | 60,999,016 | (1,482,385 | ) | — | 59,516,631 | 1,672,261 | (1,482,385 | ) | — | 189,876 | ||||||||||||||||||||||
Europe Hedged SmallCap Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 1,299,046 | — | (1,299,046 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 1,165,667 | (2,124 | ) | — | 1,163,543 | 2,181 | (2,124 | ) | — | 57 | ||||||||||||||||||||||
Germany Hedged Equity Fund | ||||||||||||||||||||||||||||||||
Foreign Currency Contracts | 942,570 | (1,916 | ) | — | 940,654 | 1,916 | (1,916 | ) | — | — | ||||||||||||||||||||||
International Hedged Quality Dividend Growth Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 54,459,474 | — | (54,459,474 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 23,168,001 | (49,193 | ) | — | 23,118,808 | 50,265 | (49,193 | ) | — | 1,072 | ||||||||||||||||||||||
Japan Hedged Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 173,972,974 | — | (173,972,974 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 58,546,393 | (1,642,096 | ) | — | 56,904,297 | 1,642,096 | (1,642,096 | ) | — | — | ||||||||||||||||||||||
Japan Hedged SmallCap Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 7,229,453 | — | (7,229,453 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 1,068,985 | (2,173 | ) | — | 1,066,812 | 2,235 | (2,173 | ) | — | 62 | ||||||||||||||||||||||
| 1 | The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. |
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). 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 to 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 is determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.
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Notes to Financial Statements (continued)
3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.
WTAM expects to receive 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 | |||
Europe Hedged Equity Fund | 0.58 | % | ||
Europe Hedged SmallCap Equity Fund | 0.58 | % | ||
Germany Hedged Equity Fund | 0.48 | % | ||
International Hedged Quality Dividend Growth Fund | 0.58 | % | ||
Japan Hedged Equity Fund | 0.48 | % | ||
Japan Hedged SmallCap Equity Fund | 0.58 | % | ||
During the fiscal year ended March 31, 2021, the International Hedged Quality Dividend Growth Fund and Japan Hedged Equity Fund received a reimbursement of $1,756,103 and $22,753, 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 increase from payment by affiliate”.
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 year ended March 31, 2021, as applicable, are included in an ‘‘Investment in Affiliates’’ supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of the advisory fees, that it would otherwise charge, in an amount equal to the indirect AFFE (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) attributable to each Fund’s investment in affiliated ETFs. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.
During the fiscal year ended March 31, 2021, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2021, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:
| Fund | Purchases | Sales | Net Realized Gain/Loss | |||||||||
Europe Hedged Equity Fund | $ | 40,272,789 | $ | 53,545,398 | $ | 9,784,472 | ||||||
Europe Hedged SmallCap Equity Fund | 944,766 | 1,115,399 | (116,543 | ) | ||||||||
Germany Hedged Equity Fund | 1,208,782 | 449,611 | (62,043 | ) | ||||||||
International Hedged Quality Dividend Growth Fund | 54,720,610 | 55,654,267 | 3,735,728 | |||||||||
Japan Hedged Equity Fund | 27,518,328 | 13,963,375 | (1,208,692 | ) | ||||||||
Japan Hedged SmallCap Equity Fund | 2,166,089 | 941,726 | (64,479 | ) | ||||||||
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Notes to Financial Statements (continued)
WTAM and/or WisdomTree Investments (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2021, WT 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 WT | Market Value of Fund Shares held by WT | Dividends and Distributions paid to WT on Fund Shares held by WT | |||||||||
International Hedged Quality Dividend Growth Fund | 46 | $ | 1,899 | $ | 54 | |||||||
Japan Hedged Equity Fund | 21 | 1,288 | 101 | |||||||||
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2021, 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 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 ended March 31, 2021 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 | ||||||||||||
Europe Hedged Equity Fund | $ | 1,051,051,674 | $ | 1,163,606,318 | $ | 33,272,074 | $ | 971,352,007 | ||||||||
Europe Hedged SmallCap Equity Fund | 28,797,890 | 30,979,372 | — | 25,997,998 | ||||||||||||
Germany Hedged Equity Fund | 13,640,908 | 15,549,473 | — | 11,906,801 | ||||||||||||
International Hedged Quality Dividend Growth Fund | 521,271,329 | 544,617,151 | 142,889,522 | 84,118,919 | ||||||||||||
Japan Hedged Equity Fund | 397,294,760 | 399,409,261 | 216,386,165 | 796,037,247 | ||||||||||||
Japan Hedged SmallCap Equity Fund | 13,778,515 | 13,574,994 | — | 21,430,317 | ||||||||||||
6. FEDERAL INCOME TAXES
At March 31, 2021, 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 Appreciation/ (Depreciation) | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized (Depreciation) | Total Net (Depreciation) | ||||||||||||||||||||||||||||
Europe Hedged Equity Fund | $ | 1,688,755,163 | $ | 390,891,993 | $ | (96,161,622 | ) | $ | 294,730,371 | $ | — | $ | (2,036 | ) | $ | (2,036 | ) | $ | 294,728,335 | |||||||||||||||||
Europe Hedged SmallCap Equity Fund | 33,196,170 | 6,487,514 | (1,535,341 | ) | 4,952,173 | — | — | — | 4,952,173 | |||||||||||||||||||||||||||
Germany Hedged Equity Fund | 27,532,593 | 5,208,793 | (1,720,982 | ) | 3,487,811 | — | (28 | ) | (28 | ) | 3,487,783 | |||||||||||||||||||||||||
International Hedged Quality Dividend Growth Fund | 725,348,270 | 189,784,928 | (12,897,206 | ) | 176,887,722 | 1,516,031 | (4,520 | ) | 1,511,511 | 178,399,233 | ||||||||||||||||||||||||||
Japan Hedged Equity Fund | 1,620,095,434 | 226,672,960 | (161,382,509 | ) | 65,290,451 | 35,196 | (5,899 | ) | 29,297 | 65,319,748 | ||||||||||||||||||||||||||
Japan Hedged SmallCap Equity Fund | 34,666,292 | 2,867,271 | (2,908,359 | ) | (41,088 | ) | 713 | (111 | ) | 602 | (40,486 | ) | ||||||||||||||||||||||||
| 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 March 31, 2021, the components of total distributable earnings (loss) on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income | Undistributed Capital and Other Losses | Net Unrealized (Depreciation) | Currency and Other Unrealized Appreciation/ (Depreciation) | Total Distributable Earnings (Loss) | |||||||||||||||
Europe Hedged Equity Fund | $ | 5,236,726 | $ | (2,194,265,450 | ) | $ | 294,728,335 | $ | (30,901 | ) | $ | (1,894,331,290 | ) | |||||||
Europe Hedged SmallCap Equity Fund | 117,288 | (25,852,667 | ) | 4,952,173 | 6,479 | (20,776,727 | ) | |||||||||||||
Germany Hedged Equity Fund | 58,188 | (33,768,250 | ) | 3,487,783 | 18,582 | (30,203,697 | ) | |||||||||||||
International Hedged Quality Dividend Growth Fund | 5,491,564 | (53,007,640 | ) | 178,399,233 | (11,355 | ) | 130,871,802 | |||||||||||||
Japan Hedged Equity Fund | 14,582,209 | (1,792,978,710 | ) | 65,319,748 | (35,919 | ) | (1,713,112,672 | ) | ||||||||||||
Japan Hedged SmallCap Equity Fund | 332,168 | (23,594,732 | ) | (40,486 | ) | (1,501 | ) | (23,304,551 | ) | |||||||||||
The tax character of distributions paid during the fiscal years ended March 31, 2021 and March 31, 2020, was as follows:
| Year Ended March 31, 2021 | Year Ended March 31, 2020 | |||||||
| Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Ordinary Income* | ||||||
Europe Hedged Equity Fund | $ | 53,199,944 | $ | 73,070,900 | ||||
Europe Hedged SmallCap Equity Fund | 1,413,257 | 3,656,484 | ||||||
Germany Hedged Equity Fund | 1,043,996 | 1,302,508 | ||||||
International Hedged Quality Dividend Growth Fund | 20,307,783 | 10,573,345 | ||||||
Japan Hedged Equity Fund | 43,598,753 | 69,542,586 | ||||||
Japan Hedged SmallCap Equity Fund | 1,037,117 | 1,374,718 | ||||||
| * | Includes short-term capital gains, if any. |
At March 31, 2021, 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. During the fiscal year ended March 31, 2021, the Funds did not utilize any available capital loss carryforward amounts given that there were no tax-basis capital gains.
| Fund | Short-Term | Long-Term | Capital Loss Available Total | |||||||||
Europe Hedged Equity Fund | $ | 1,030,455,826 | $ | 1,163,809,624 | $ | 2,194,265,450 | ||||||
Europe Hedged SmallCap Equity Fund | 14,205,439 | 11,647,228 | 25,852,667 | |||||||||
Germany Hedged Equity Fund | 16,314,210 | 17,454,040 | 33,768,250 | |||||||||
International Hedged Quality Dividend Growth Fund | 29,564,913 | 23,442,727 | 53,007,640 | |||||||||
Japan Hedged Equity Fund | 1,048,557,927 | 744,420,783 | 1,792,978,710 | |||||||||
Japan Hedged SmallCap Equity Fund | 13,091,557 | 10,503,175 | 23,594,732 | |||||||||
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. At March 31, 2021, the Funds did not have any post-October capital losses or late year-ordinary losses to defer.
At March 31, 2021, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind.
| Fund | Total Distributable Earnings (Loss) | Paid-in Capital | ||||||
Europe Hedged Equity Fund | $ | (90,609,523 | ) | $ | 90,609,523 | |||
Europe Hedged SmallCap Equity Fund | 947,466 | (947,466 | ) | |||||
Germany Hedged Equity Fund | (1,228,818 | ) | 1,228,818 | |||||
International Hedged Quality Dividend Growth Fund | (38,959,987 | ) | 38,959,987 | |||||
Japan Hedged Equity Fund | (7,843,781 | ) | 7,843,781 | |||||
Japan Hedged SmallCap Equity Fund | 2,141,797 | (2,141,797 | ) | |||||
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Notes to Financial Statements (concluded)
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 income is earned or capital gains and unrealized appreciation are recorded. The dollar amount of applicable foreign withholding taxes on foreign income is included net in the Statements of Operations in “Dividend Income,” the foreign capital gains tax applicable on the disposal of securities is included in the Statements of Operations in “Net realized gain (loss) from investment transactions” and the dollar amount of deferred foreign capital gains tax applicable on the unrealized appreciation on securities held is included in the Statements of Operations in “Net increase (decrease) in unrealized appreciation/depreciation from investment transactions”. The Funds file foreign withholding tax reclaims in certain jurisdictions to recover a portion of the amounts previously withheld. The Funds record a foreign tax reclaim receivable on the ex-dividend date if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims that have been recorded but not yet received are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”. As of and during the fiscal year ended March 31, 2021, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2021, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions.
7. ADDITIONAL INFORMATION
The respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally for over a year, resulting in a global pandemic and major disruption to global markets and economies. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide took 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. In recent months, however, the rapid COVID-19 vaccination rollout in the United States and certain other developed countries, coupled with the passage of stimulus programs in the U.S. and abroad, have resulted in a reversal of many of these trends, including the re-opening of businesses, a reduction in quarantine requirements, increased consumer demand, and the resumption of certain in-person schooling, travel and events. Despite these positive trends, the prevalence of new COVID-19 variants, a failure to achieve herd immunity, or other unforeseen circumstances may result in the continued spread of the virus throughout unvaccinated populations or a resurgence in infections among vaccinated populations. As a result, it remains unclear if recent positive trends will continue in developed markets and whether such trends will spread world-wide to countries with limited access to vaccines that are still experiencing rising COVID-19 cases, hospitalizations and deaths.
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. It is also true that the speed at which global economies recover, or fail to recover, from the COVID-19 pandemic will affect certain sectors, industries, and issuers more dramatically than others, which in turn may adversely affect certain Fund investments.
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, including access to COVID-19 vaccinations and treatments. 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 fully 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.
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Report of Independent Registered Public Accounting Firm
To the Shareholders of WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity 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 Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity Fund (collectively referred to as the “Funds”), (six of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2021, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended 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 (six of the funds constituting WisdomTree Trust) at March 31, 2021, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and their financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2021, 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
May 26, 2021
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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 interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor 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-ended 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 January 1, 2020 to December 31, 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 Funds maintain sufficient highly liquid assets to meet Fund redemptions.
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Trustees and Officers Information (unaudited)
Name | Position(s) Held with the Trust, Term of Office and Length | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ | Other Directorships Held by Trustee During Past | ||||||
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. | 68 | 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). | 68 | None | ||||||
| Joel Goldberg**, *** (1945) | Trustee, 2012-present | Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016). | ||||||
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Trustees and Officers Information (unaudited) (concluded)
Name | Position(s) Held with the Trust, Term of Office and Length | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ | Other Directorships Held by Trustee During Past | ||||||
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. | 68 | None | ||||||
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. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | None | ||||||
| + | As of March 31, 2021. |
| * | 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. |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year ended March 31, 2021, 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 2022.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2021, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income | |||
Europe Hedged Equity Fund | $ | 52,632,531 | ||
Europe Hedged SmallCap Equity Fund | 1,413,257 | |||
Germany Hedged Equity Fund | 1,043,996 | |||
International Hedged Quality Dividend Growth Fund | 20,307,783 | |||
Japan Hedged Equity Fund | 34,688,165 | |||
Japan Hedged SmallCap Equity Fund | 606,769 | |||
The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2021. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income | Foreign Taxes Paid | ||||||
Europe Hedged Equity Fund | $ | 62,003,432 | $ | 4,894,688 | ||||
Europe Hedged SmallCap Equity Fund | 1,307,969 | 128,282 | ||||||
Germany Hedged Equity Fund | 1,165,711 | 134,671 | ||||||
International Hedged Quality Dividend Growth Fund | 20,414,812 | 1,180,306 | ||||||
Japan Hedged Equity Fund | 36,531,919 | 3,519,322 | ||||||
Japan Hedged SmallCap Equity Fund | 606,238 | 61,529 | ||||||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2021, that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction | |||
Europe Hedged Equity Fund | — | |||
Europe Hedged SmallCap Equity Fund | — | |||
Germany Hedged Equity Fund | — | |||
International Hedged Quality Dividend Growth Fund | 0.10 | % | ||
Japan Hedged Equity Fund | — | |||
Japan Hedged SmallCap Equity Fund | — | |||
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
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.
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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing.
There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Indexes are unmanaged and you cannot invest directly in an index.
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.
Table of Contents
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-4836
Table of Contents
WisdomTree Trust
Annual Report
March 31, 2021
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree International Dividend ex-Financials Fund (DOO)
WisdomTree International Equity Fund (DWM)
WisdomTree International High Dividend Fund (DTH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International Multifactor Fund (DWMF)
WisdomTree International Quality Dividend Growth Fund (IQDG)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
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Information about Performance and Shareholder Expense Examples (unaudited) | 3 | |||
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“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
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(unaudited)
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 44.57% in the 12-month fiscal period ended March 31, 2021 (the “period”). Measured in local currency, the MSCI EAFE Index returned 36.56% over the period. Despite the impressive absolute return, international equity markets lagged all other major equity regions during the period, including the U.S., emerging markets, and global equity indexes.
International currency performance was mixed during the period, with significant movement in the U.S. dollar and other international currencies as local governments and central banks sought to combat the economic impacts of the novel coronavirus (“COVID-19”) pandemic. The euro and Swiss franc (the latter viewed as a safe-haven currency) strengthened relative to the U.S. dollar (“USD”), while the Japanese yen (also considered a safe-haven currency) weakened.
The first quarter of the period, from April 1, 2020 through June 30, 2020, was marred by the onset of the COVID-19 pandemic and the efforts of local governments and central banks around the world to contain its spread, protect public health, and mitigate the economic impacts. Many gauges of economic activity came to a screeching halt during the quarter as governments made the difficult decision to shutter major parts of their economies and enforce strict stay-at-home orders to mitigate the spread and impact of the virus on local health systems. Many developed economies such as Italy, the United Kingdom, and Germany experienced severe infection rates that curtailed economic activity during the quarter. Markit Purchasing Managers’ Indexes (“PMIs”) for the Eurozone at the manufacturing, services, and composite levels, for example, exhibited steep declines below 50 during the quarter. Measurements below 50 indicate economic contractions, while readings above 50 signal expansions. Meanwhile, European leaders were on high alert. The European Central Bank (“ECB”), led by President Christine Lagarde, continued using quantitative easing to create monetary stimulus and began investigating how its monetary policy toolkit could aid the recovery. The European Union (“EU”) followed suit, as its leaders began talks to coordinate fiscal stimulus efforts and aid to ailing countries and economies that were being disproportionately affected during the pandemic. During the quarter, equity markets began what would become an enduring recovery, with the MSCI EAFE Index returning 14.88% in USD terms for the quarter ended June 30, 2020. However, this rally fell short of bull markets around the world, primarily due to the concentration of developed market economies in cyclical industries, which were adversely affected by the pandemic, regional lockdowns, and subsequent reduction in economic activity.
The economic recovery truly began to take hold during the second quarter of the period, from July 1, 2020 through September 30, 2020. Eurozone PMIs steadily recovered by June 30th and finally broke into expansionary territory (above the level of 50) by July 2020. However, the economy was still fragile and required significant monetary and fiscal support from both the ECB and the EU, respectively. With the ECB remaining attentive and using whatever monetary policy tools it could to support a recovery, the EU eventually reached a landmark agreement whereby it would issue joint debt, backed by all its member countries, to support the region’s economic recovery.
The optimism was short-lived, however, as new virus flareups plagued developed markets as the summer ended which prompted another wave of lockdowns and subdued economic activity. After reaching their expansionary highs in June 2020, both services and composite PMIs dipped once again into contractionary territory. This was quelled by manufacturing gauges, however, which remained strong and continued their upward trajectory as local economies figured out how to maintain production capacity alongside social distancing and health and safety checks. Equity markets continued their recovery during the quarter, though to a much smaller extent, with the MSCI EAFE Index returning 4.80% in USD terms for the quarter ended September 30, 2020. Developed markets once again lagged the rest of the world, as the cyclical nature of their economies,
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Table of Contents
Market Environment Overview
(unaudited) (concluded)
coupled with the inability to control the spread of the virus and resume normal economic activity, remained a major headwind.
The third quarter of the period, from October 1, 2020 through December 31, 2020, marked an important turning point for the following reasons. First, was the Presidential election in the United States, as the Democratic Party gained control of both the White House and later Congress (though the latter was not ultimately decided until January 2021), which had important geopolitical implications for developed markets. Second, was the end of the Brexit saga. Four years after Britain voted to formally leave the European Union in 2016 (often referred to as “Brexit”), Prime Minister Boris Johnson arranged a deal with EU leaders to exit the bloc with certain trade relationships and other negotiations intact. Lastly, and perhaps most important to developed equity markets, was the announcement from several global pharmaceutical giants that they had developed a vaccine for COVID-19. This was immediately additive for the downtrodden cyclical sectors of the economy that struggled throughout 2020, and the region confronted its next two hurdles: securing enough vaccines for its population and distributing them. Both hurdles remain significant challenges for developed markets. However, the news of the vaccine itself restored some optimism in developed economies since cyclical industries may be poised to benefit the most. These three catalysts provided a much-needed tailwind for developed equity markets during the quarter, as they outperformed U.S. and global equity indices by a few percentage points, with the MSCI EAFE Index returning 16.05% in USD terms for the quarter ended December 31, 2020. Composite and service PMIs once again continued to recover, albeit slowly, while manufacturing gauges maintained their momentum and finished the quarter well in expansion territory.
The fourth quarter of the period, concluding March 31, 2021, continued with much of the momentum that ended 2020. Despite localized virus flareups after the holiday season, regional economies and their health systems were generally better prepared to combat the onset of new cases. However, many countries (such as the United Kingdom, France, Germany, etc.) were forced to institute new lockdown orders once again to stem the spread of COVID-19. Meanwhile, developed markets continued their struggle to approve, acquire, and administer vaccines from pharmaceutical companies like Pfizer, Moderna, Johnson & Johnson, and AstraZeneca. To date, the inoculation campaign is lagging the U.S. inoculation campaign, but progress is being made. PMIs continued their recovery, with composite and service readings hovering around the 50-level, signaling that the economy is still on soft footing but in a much better position than it was during the onset of the pandemic. Returning 3.48% in USD terms for the quarter ended March 31, 2021, developed equity markets lagged the U.S. once again during the quarter but managed to outperform emerging markets.
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.
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Table of Contents
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 October 1, 2020 to March 31, 2021. 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 182/365 (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.
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Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
Sector Breakdown†
| Sector | % of Net Assets | |||
Consumer Staples | 18.2% | |||
Industrials | 18.0% | |||
Health Care | 17.4% | |||
Materials | 13.3% | |||
Consumer Discretionary | 6.7% | |||
Communication Services | 5.9% | |||
Financials | 5.7% | |||
Utilities | 5.6% | |||
Information Technology | 5.6% | |||
Energy | 1.8% | |||
Real Estate | 1.0% | |||
Other Assets less Liabilities‡ | 0.8% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
British American Tobacco PLC | 4.6% | |||
Rio Tinto PLC | 4.4% | |||
Roche Holding AG, Genusschein | 4.0% | |||
Nestle S.A., Registered Shares | 3.8% | |||
GlaxoSmithKline PLC | 3.7% | |||
Siemens AG, Registered Shares | 3.7% | |||
Sanofi | 3.2% | |||
Deutsche Telekom AG, Registered Shares | 3.0% | |||
LVMH Moet Hennessy Louis Vuitton SE | 2.8% | |||
Unilever PLC | 2.8% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Quality Dividend Growth Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the European equity market. 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 44.43% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s positions in the Health Care and Financials sectors were the top performing sector exposures, while its positions in Materials and Energy sectors were the worst performing sector exposures. The Fund’s positions in the Netherlands and Spain contributed most positively to performance, while its positions in Finland and the United Kingdom detracted from performance.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,147.00 | 0.58 | % | $ | 3.10 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 44.43 | % | 8.76 | % | 9.47 | % | 5.48 | % | ||||||||
Fund Market Price Returns | 46.20 | % | 8.57 | % | 9.59 | % | 5.42 | % | ||||||||
WisdomTree Europe Quality Dividend Growth Index | 45.33 | % | 9.32 | % | 9.99 | % | 6.00 | % | ||||||||
MSCI Europe Index | 44.95 | % | 5.65 | % | 8.18 | % | 3.38 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
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Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Europe SmallCap Dividend Fund (DFE)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 20.5% | |||
Financials | 16.4% | |||
Consumer Discretionary | 11.7% | |||
Materials | 9.4% | |||
Energy | 7.5% | |||
Health Care | 6.7% | |||
Information Technology | 6.4% | |||
Consumer Staples | 6.2% | |||
Utilities | 5.8% | |||
Real Estate | 5.7% | |||
Communication Services | 2.8% | |||
Investment Company | 0.2% | |||
Other Assets less Liabilities‡ | 0.7% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Ferrexpo PLC | 2.6% | |||
TGS NOPEC Geophysical Co. ASA | 2.6% | |||
Jupiter Fund Management PLC | 2.3% | |||
Anima Holding SpA | 2.0% | |||
TP ICAP Group PLC | 1.9% | |||
Piaggio & C. SpA | 1.8% | |||
Drax Group PLC | 1.7% | |||
Kardex Holding AG, Registered Shares | 1.7% | |||
Moneysupermarket.com Group PLC | 1.7% | |||
CMC Markets PLC | 1.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the European equity market. 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 73.76% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s position in the Materials and Real Estate sectors were the top performing sector exposures, while its positions in the Communication Services and Industrials sectors were the worst performing sector exposures. The Fund’s positions in the United Kingdom and Germany contributed most positively to performance, while its positions in Italy and the Netherlands detracted from performance. The Fund’s allocation to small-cap companies was also a positive contributor to performance during the fiscal year. Meanwhile, the Fund’s focus on the highest dividend yield subset of the market detracted from performance as zero dividend payers were the top performing category. The euro also appreciated by 6.3% against the U.S. dollar during the fiscal year, which served as a tailwind for total returns.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,314.90 | 0.58 | % | $ | 3.35 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 73.76 | % | 3.87 | % | 7.91 | % | 8.35 | % | ||||||||
Fund Market Price Returns | 75.67 | % | 3.64 | % | 7.96 | % | 8.34 | % | ||||||||
WisdomTree Europe SmallCap Dividend Index | 75.31 | % | 4.39 | % | 8.42 | % | 9.00 | % | ||||||||
MSCI Europe Small Cap Index | 72.67 | % | 7.59 | % | 10.74 | % | 8.80 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
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Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree International Dividend ex-Financials Fund (DOO)
Sector Breakdown†
| Sector | % of Net Assets | |||
Materials | 16.0% | |||
Utilities | 13.7% | |||
Communication Services | 12.8% | |||
Real Estate | 10.8% | |||
Consumer Staples | 9.2% | |||
Consumer Discretionary | 8.8% | |||
Industrials | 8.7% | |||
Health Care | 7.8% | |||
Information Technology | 5.7% | |||
Energy | 5.6% | |||
Investment Company | 0.2% | |||
Other Assets less Liabilities‡ | 0.7% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Fortescue Metals Group Ltd. | 2.8% | |||
Vodafone Group PLC | 2.1% | |||
Naturgy Energy Group S.A. | 2.0% | |||
Equinor ASA | 1.9% | |||
BASF SE | 1.9% | |||
Woodside Petroleum Ltd. | 1.8% | |||
British American Tobacco PLC | 1.8% | |||
Fortum Oyj | 1.7% | |||
Rio Tinto PLC | 1.7% | |||
Canon, Inc. | 1.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Dividend ex-Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the developed world excluding the U.S. and Canada and excluding the financial sector. 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 39.87% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s position in the Materials sector contributed most positively to performance, while its position in the Communication Services sector contributed least positively to performance. The Fund benefited most from its position in Germany, which contributed the most positively to performance while its position in the United Kingdom added the least to relative performance. Global equities, and international developed equities were initially hit hard during the global sell-off induced by the ongoing COVID-19 pandemic. Subsequently, after market lows were established at the end of March 2020, the fiscal year saw many global economies and markets recover. Consequently, international equities rallied in the fiscal year. The U.S. dollar weakened significantly during the fiscal year, which served as a tailwind to returns vs. hedged benchmarks. Due to its underlying index methodology of excluding financials which were the fifth best performing sector in the market over the fiscal year which returned 54.80% and outperformed the broader market, the Fund missed out on a marginal amount of excess return potential.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,204.80 | 0.58 | % | $ | 3.19 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 39.87 | % | 3.79 | % | 6.27 | % | 3.26 | % | ||||||||
Fund Market Price Returns | 41.06 | % | 3.64 | % | 6.37 | % | 3.22 | % | ||||||||
WisdomTree International Dividend ex-Financials Index | 40.57 | % | 4.09 | % | 6.60 | % | 3.51 | % | ||||||||
MSCI EAFE Value Index | 45.71 | % | 1.85 | % | 6.57 | % | 3.65 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
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Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree International Equity Fund (DWM)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 16.6% | |||
Industrials | 12.6% | |||
Health Care | 12.6% | |||
Consumer Staples | 11.1% | |||
Materials | 11.0% | |||
Consumer Discretionary | 8.2% | |||
Communication Services | 8.1% | |||
Utilities | 6.9% | |||
Information Technology | 5.2% | |||
Real Estate | 4.5% | |||
Energy | 2.3% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.8% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Novartis AG, Registered Shares | 2.2% | |||
Nestle S.A., Registered Shares | 2.1% | |||
Roche Holding AG, Genusschein | 1.7% | |||
GlaxoSmithKline PLC | 1.4% | |||
British American Tobacco PLC | 1.3% | |||
Fortescue Metals Group Ltd. | 1.3% | |||
Sanofi | 1.2% | |||
Unilever PLC | 1.2% | |||
Rio Tinto PLC | 1.1% | |||
Allianz SE, Registered Shares | 1.1% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Equity Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 36.92% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s position in the Materials sector contributed the most to performance, while its positions in the Financials, Energy, and Communication Services sectors detracted from performance. The Fund benefited most from its positions in Australia and Germany, while positions in Japan, Hong Kong, and the United Kingdom weighed negatively on performance. Dividend paying companies in the developed equity markets struggled during 2020, despite the positive absolute performance, since many of them suspended their dividends as the region navigated the COVID-19 pandemic. This is evidenced through dividend yield attribution, where all five quintiles of dividend payers contributed negatively to performance for the fiscal year. Likewise, the region struggled compared to the rest of the world in containing the virus and beginning its economic recovery. Thus, the region did not start to rally alongside the U.S. until much later in the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,173.10 | 0.48 | % | $ | 2.60 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 36.92 | % | 2.28 | % | 6.29 | % | 4.33 | % | ||||||||
Fund Market Price Returns | 37.72 | % | 2.10 | % | 6.36 | % | 4.28 | % | ||||||||
WisdomTree International Equity Index | 37.55 | % | 2.42 | % | 6.58 | % | 4.51 | % | ||||||||
MSCI EAFE Index | 44.57 | % | 6.02 | % | 8.85 | % | 5.52 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
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Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree International High Dividend Fund (DTH)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 24.8% | |||
Materials | 12.4% | |||
Communication Services | 12.1% | |||
Health Care | 10.9% | |||
Utilities | 10.7% | |||
Industrials | 8.5% | |||
Consumer Staples | 5.5% | |||
Real Estate | 5.4% | |||
Consumer Discretionary | 3.6% | |||
Energy | 3.4% | |||
Information Technology | 1.4% | |||
Investment Company | 0.3% | |||
Other Assets less Liabilities‡ | 1.0% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Novartis AG, Registered Shares | 3.9% | |||
GlaxoSmithKline PLC | 2.5% | |||
British American Tobacco PLC | 2.3% | |||
Fortescue Metals Group Ltd. | 2.2% | |||
Sanofi | 2.2% | |||
Rio Tinto PLC | 2.0% | |||
Allianz SE, Registered Shares | 2.0% | |||
SoftBank Corp. | 1.9% | |||
Siemens AG, Registered Shares | 1.6% | |||
BASF SE | 1.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International High Dividend Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the developed world excluding the U.S. and Canada. 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 38.88% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in the Consumer Staples and Materials sectors, which were primarily due to allocation and selection effects. The remaining sector positions, except for neutral performance in Consumer Discretionary, weighed negatively on performance during the fiscal year. When analyzing performance by dividend yield quintiles, since dividends are a key component of the Fund’s investment strategy, performance was aided only by the third and fourth quintiles, representing companies with modest dividend yields, whereas all other quintiles weighed negatively on Fund performance during the fiscal year. The negative performance of dividend yield quintiles is largely because many developed equity markets suspended their dividend payments to conserve cash during the pandemic amid the economic uncertainty it introduced.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,212.00 | 0.58 | % | $ | 3.20 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 38.88 | % | 1.20 | % | 5.23 | % | 3.38 | % | ||||||||
Fund Market Price Returns | 39.91 | % | 0.99 | % | 5.41 | % | 3.34 | % | ||||||||
WisdomTree International High Dividend Index | 39.75 | % | 1.48 | % | 5.52 | % | 3.62 | % | ||||||||
MSCI EAFE Value Index | 45.71 | % | 1.85 | % | 6.57 | % | 3.65 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 8 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree International LargeCap Dividend Fund (DOL)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 16.8% | |||
Health Care | 16.1% | |||
Consumer Staples | 12.7% | |||
Materials | 11.2% | |||
Industrials | 9.9% | |||
Communication Services | 8.7% | |||
Consumer Discretionary | 8.1% | |||
Utilities | 6.5% | |||
Information Technology | 4.6% | |||
Real Estate | 2.9% | |||
Energy | 1.7% | |||
Other Assets less Liabilities‡ | 0.8% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Novartis AG, Registered Shares | 3.0% | |||
Nestle S.A., Registered Shares | 2.9% | |||
Roche Holding AG, Genusschein | 2.3% | |||
GlaxoSmithKline PLC | 1.9% | |||
British American Tobacco PLC | 1.8% | |||
Fortescue Metals Group Ltd. | 1.7% | |||
Sanofi | 1.7% | |||
Unilever PLC | 1.6% | |||
Rio Tinto PLC | 1.5% | |||
Allianz SE, Registered Shares | 1.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International LargeCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the developed world excluding the U.S. and Canada. 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 32.91% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in Australia and Germany, which contributed positively to performance while its position in the United Kingdom detracted from performance. The Fund’s position in the Materials sector contributed positively to performance, while its position in the Communication Services sector contributed most negatively to performance. Despite the unusually high positive absolute performance, most global economies struggled in containing the virus during the pandemic and, as a result, experienced a relatively slower recovery compared to countries such as the U.S.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,162.80 | 0.48 | % | $ | 2.59 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 32.91 | % | 2.14 | % | 6.00 | % | 3.71 | % | ||||||||
Fund Market Price Returns | 33.38 | % | 1.89 | % | 6.15 | % | 3.71 | % | ||||||||
WisdomTree International LargeCap Dividend Index | 33.41 | % | 2.37 | % | 6.25 | % | 3.95 | % | ||||||||
MSCI EAFE Index | 44.57 | % | 6.02 | % | 8.85 | % | 5.52 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 9 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree International MidCap Dividend Fund (DIM)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 17.2% | |||
Industrials | 17.0% | |||
Utilities | 10.3% | |||
Real Estate | 10.0% | |||
Materials | 9.6% | |||
Communication Services | 7.6% | |||
Information Technology | 7.1% | |||
Consumer Discretionary | 6.8% | |||
Consumer Staples | 6.5% | |||
Energy | 4.5% | |||
Health Care | 2.8% | |||
Other Assets less Liabilities‡ | 0.6% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
OMV AG | 1.4% | |||
Lenovo Group Ltd. | 1.4% | |||
Power Assets Holdings Ltd. | 1.3% | |||
UnipolSai Assicurazioni SpA | 1.0% | |||
ACS Actividades de Construccion y Servicios S.A. | 1.0% | |||
Admiral Group PLC | 1.0% | |||
Standard Life Aberdeen PLC | 0.9% | |||
Mediobanca Banca di Credito Finanziario SpA | 0.8% | |||
Koninklijke KPN N.V. | 0.7% | |||
Tele2 AB, Class B | 0.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International MidCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying mid-cap companies in the developed world excluding the U.S. and Canada. 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 46.54% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in Switzerland and Germany, which contributed positively to performance while its positions in Sweden and the United Kingdom detracted from performance. The Fund’s positions in the Information Technology and Health Care sectors contributed positively to performance, while its positions in the Financials and Utilities sectors were detractors. Despite the unusually high positive absolute performance, most global economies struggled in containing the virus during the pandemic and, as a result, experienced a relatively slower recovery compared to countries such as the U.S.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,209.30 | 0.58 | % | $ | 3.19 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 46.54 | % | 2.68 | % | 6.86 | % | 5.47 | % | ||||||||
Fund Market Price Returns | 47.66 | % | 2.35 | % | 6.93 | % | 5.48 | % | ||||||||
WisdomTree International MidCap Dividend Index | 47.63 | % | 3.18 | % | 7.41 | % | 5.77 | % | ||||||||
MSCI EAFE Mid Cap Index | 52.58 | % | 6.18 | % | 9.10 | % | 6.66 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 10 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree International Multifactor Fund (DWMF)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 13.7% | |||
Health Care | 13.6% | |||
Financials | 13.5% | |||
Consumer Staples | 12.6% | |||
Consumer Discretionary | 9.7% | |||
Materials | 9.7% | |||
Communication Services | 7.1% | |||
Information Technology | 6.7% | |||
Utilities | 5.4% | |||
Real Estate | 4.2% | |||
Energy | 2.2% | |||
Other Assets less Liabilities‡ | 1.6% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Admiral Group PLC | 1.4% | |||
Sanofi | 1.4% | |||
Sartorius Stedim Biotech | 1.2% | |||
Oversea-Chinese Banking Corp., Ltd. | 1.1% | |||
Singapore Exchange Ltd. | 1.1% | |||
Kuehne + Nagel International AG, Registered Shares | 1.1% | |||
Novozymes A/S, Class B | 1.1% | |||
Ipsen S.A. | 1.1% | |||
BioMerieux | 1.0% | |||
Givaudan S.A., Registered Shares | 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 Multifactor Fund (the ‘‘Fund’’) seeks capital appreciation by investing primarily in equity securities of developed countries, excluding the United States and Canada, with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The Fund seeks to manage its currency risk by dynamically hedging currency fluctuations in the relative value of the applicable international currencies against the U.S. dollar, ranging from a 0% to 100% hedge.
The Fund returned 24.70% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s multifactor tilts contributed negatively to performance as the Fund’s focus on the high quality, low correlation, high momentum, and value-oriented subsections of the market underperformed. During the fiscal year, the Fund utilized forward foreign currency contracts to offset applicable international currency exposure from positions in international equities. The Fund’s use of foreign currency contracts contributed negatively to Fund performance as the U.S. dollar weakened against various international currencies, which served as a headwind to the strategy’s dynamic currency hedges.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,079.10 | 0.38 | % | $ | 1.97 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||
| 1 Year | Since Inception1 | |||||||
Fund NAV Returns | 24.70 | % | 3.56 | % | ||||
Fund Market Price Returns | 24.36 | % | 3.69 | % | ||||
MSCI EAFE Local Currency Index | 36.56 | % | 6.21 | % | ||||
MSCI EAFE Index | 44.57 | % | 7.47 | % | ||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 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 | 11 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree International Quality Dividend Growth Fund (IQDG)
Sector Breakdown†
| Sector | % of Net Assets | |||
Materials | 21.5% | |||
Health Care | 17.4% | |||
Industrials | 13.6% | |||
Information Technology | 13.0% | |||
Consumer Discretionary | 11.6% | |||
Consumer Staples | 8.3% | |||
Communication Services | 4.5% | |||
Financials | 4.4% | |||
Real Estate | 2.6% | |||
Energy | 1.1% | |||
Utilities | 1.0% | |||
Other Assets less Liabilities‡ | 1.0% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Rio Tinto PLC | 6.4% | |||
BHP Group Ltd. | 5.9% | |||
Unilever PLC | 5.6% | |||
LVMH Moet Hennessy Louis Vuitton SE | 4.7% | |||
SoftBank Corp. | 4.2% | |||
GlaxoSmithKline PLC | 3.7% | |||
Roche Holding AG, Genusschein | 3.6% | |||
Linde PLC | 3.1% | |||
SAP SE | 3.0% | |||
ASML Holding N.V. | 2.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Quality Dividend Growth Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the developed world excluding the U.S. and Canada. 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 46.22% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s overweight position in the Information Technology sector contributed most positively to performance, while its position in the Consumer Staples sector contributed the least positively to performance. The Fund’s position in Japan contributed the most positively to performance while its position in Germany contributed the least positively to performance. Global equities, and international developed equities were initially hit hard during the global sell-off induced by the ongoing COVID-19 pandemic. After market lows were established at the end of March 2020, the duration of the fiscal year saw many global economies and markets recover with international equities rallying during the fiscal year. The U.S. dollar weakened significantly during the fiscal year, which served as a tailwind to returns vs. hedged benchmarks. The Fund’s significant overweight to higher quality companies proved to be a source of outperformance when compared to companies with marginally worse quality metrics (based on return-on-equity quintiles), but companies in the lowest quintiles of the market saw significant outperformance in the latter half of the fiscal year as the market experienced a significant risk-on rally.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,150.60 | 0.42 | % | $ | 2.25 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.84 | 0.42 | % | $ | 2.12 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 46.22 | % | 9.03 | % | 10.43 | % | ||||||
Fund Market Price Returns | 48.27 | % | 8.79 | % | 10.59 | % | ||||||
WisdomTree International Quality Dividend Growth Index | 46.60 | % | 9.30 | % | 10.77 | % | ||||||
MSCI EAFE Index | 44.57 | % | 6.02 | % | 9.45 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 7, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 12 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree International SmallCap Dividend Fund (DLS)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 22.9% | |||
Financials | 15.1% | |||
Materials | 11.2% | |||
Consumer Discretionary | 10.6% | |||
Real Estate | 9.8% | |||
Consumer Staples | 7.1% | |||
Information Technology | 6.5% | |||
Energy | 4.4% | |||
Utilities | 4.0% | |||
Health Care | 4.0% | |||
Communication Services | 3.4% | |||
Investment Company | 0.2% | |||
Other Assets less Liabilities‡ | 0.8% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Ferrexpo PLC | 1.5% | |||
Euronav N.V. | 1.1% | |||
Nexity S.A. | 1.0% | |||
Neles Oyj | 0.9% | |||
Enav SpA | 0.8% | |||
Oesterreichische Post AG | 0.8% | |||
TP ICAP Group PLC | 0.8% | |||
Scandinavian Tobacco Group A/S, Class A | 0.7% | |||
China Power International Development Ltd. | 0.7% | |||
Platinum Asset Management Ltd. | 0.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the developed world excluding the U.S. and Canada. 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 53.46% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s positions in the Real Estate and Materials sectors were additive during the fiscal year, while positions in Financials, Communication Services, and Industrials sectors detracted from performance. Dividend paying companies in developed equity markets struggled during 2020, despite the positive absolute performance, since many of them suspended their dividends as the region navigated the COVID-19 pandemic. This is evidenced through dividend yield attribution, where all the top three quintiles of dividend payers contributed negatively to performance for the fiscal year. From a regional perspective, only positions in the United Kingdom were materially additive for performance, while positions in Hong Kong, Sweden, and Japan detracted from performance.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,214.20 | 0.58 | % | $ | 3.20 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 53.46 | % | 1.73 | % | 7.55 | % | 6.69 | % | ||||||||
Fund Market Price Returns | 54.86 | % | 1.41 | % | 7.60 | % | 6.72 | % | ||||||||
WisdomTree International SmallCap Dividend Index | 55.79 | % | 2.92 | % | 8.42 | % | 7.34 | % | ||||||||
MSCI EAFE Small Cap Index | 61.98 | % | 6.32 | % | 10.50 | % | 8.01 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 13 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of March 31, 2021 (unaudited)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 25.8% | |||
Consumer Discretionary | 15.6% | |||
Materials | 14.4% | |||
Financials | 11.7% | |||
Information Technology | 10.3% | |||
Consumer Staples | 6.7% | |||
Health Care | 4.9% | |||
Communication Services | 2.9% | |||
Real Estate | 2.5% | |||
Utilities | 2.2% | |||
Energy | 1.4% | |||
Investment Company | 0.3% | |||
Other Assets less Liabilities‡ | 1.3% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Seven Bank Ltd. | 0.8% | |||
JTEKT Corp. | 0.7% | |||
Electric Power Development Co., Ltd. | 0.7% | |||
Sojitz Corp. | 0.7% | |||
Mebuki Financial Group, Inc. | 0.7% | |||
Nippon Yusen K.K. | 0.6% | |||
AEON Financial Service Co., Ltd. | 0.6% | |||
Denka Co., Ltd. | 0.6% | |||
Yokohama Rubber Co., Ltd. (The) | 0.6% | |||
Tokyo Tatemono Co., Ltd. | 0.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Japan SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the Japanese equity market. 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 33.27% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in the Consumer Staples and Real Estate sectors, which were primarily due to allocation effects. The Fund’s positions in the Consumer Discretionary, Information Technology, and Financials sectors were detractors, due to a combination of stock selection and allocation in most cases. In terms of performance by dividend yield quintiles, since dividends are a key component of the Fund’s investment strategy, performance was aided only by the fourth quintile, whereas all other quintiles weighed negatively on Fund performance during the fiscal year.
Shareholder Expense Example (for the six-month period ended March 31, 2021)
Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,109.40 | 0.58 | % | $ | 3.05 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns | 33.27 | % | 0.50 | % | 8.81 | % | 7.94 | % | ||||||||
Fund Market Price Returns | 35.58 | % | 0.17 | % | 8.99 | % | 8.01 | % | ||||||||
WisdomTree Japan SmallCap Dividend Index | 34.02 | % | 0.76 | % | 9.61 | % | 8.63 | % | ||||||||
MSCI Japan Small Cap Index | 37.99 | % | 2.63 | % | 9.62 | % | 8.62 | % | ||||||||
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 14 | WisdomTree Trust |
Table of Contents
Description of Terms and Indexes (unaudited)
Below are descriptions of certain terms and of each Index referenced in this report:
Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.
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, calculated in local currency.
The MSCI EAFE Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets, excluding the U.S. and Canada.
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 Value Index is a free float-adjusted market capitalization index that is designed to measure the performance of the “value” stocks within the developed equity market, excluding the U.S. and Canada.
The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within developed market European countries.
The MSCI Europe Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of “small” stocks within developed market European countries.
The MSCI Japan Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan.
Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.
Quintiles refers to separating a universe of companies into five groups of equal size on the basis of dividend yield, price-to-earnings, or return-on-equity, as applicable.
Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.
The WisdomTree Europe Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index.
The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.
The WisdomTree International Dividend ex-Financials Index measures the performance of high dividend-yielding international stocks outside the financial sector.
The WisdomTree International Equity Index is a fundamentally weighted Index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States.
The WisdomTree International High Dividend Index is comprised of companies with high dividend yields selected from the WisdomTree International Equity Index.
The WisdomTree International LargeCap Dividend Index is comprised of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
| WisdomTree Trust | 15 |
Table of Contents
Description of Terms and Indexes (unaudited) (continued)
The WisdomTree International MidCap Dividend Index is comprised of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree International Quality Dividend Growth Index is a fundamentally weighted index designed to provide exposure to dividend paying developed market companies.
The WisdomTree International SmallCap Dividend Index is comprised of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying small-capitalization companies in Japan.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
* * * * * *
| 16 | WisdomTree Trust |
Table of Contents
Description of Terms and Indexes (unaudited) (concluded)
Abbreviations used in the schedules of investments and related tables included in this report are as follows:
| Currency abbreviations: | ||||||
| AUD | Australian dollar | JPY | Japanese yen | |||
| CHF | Swiss franc | NOK | Norwegian krone | |||
| DKK | Danish krone | NZD | New Zealand dollar | |||
| EUR | Euro | SEK | Swedish krona | |||
| GBP | British pound | SGD | Singapore dollar | |||
| ILS | Israeli new shekel | USD | U.S. dollar | |||
| Other abbreviations: | ||
| CVA | Certificaten Van Aandelen (Certificate of Stock) | |
| RSP | Risparmio Italian Savings Shares | |
| WisdomTree Trust | 17 |
Table of Contents
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.2% |
| |||||||
| Australia – 2.5% | ||||||||
BHP Group PLC | 40,144 | $ | 1,160,074 | |||||
| Austria – 1.1% | ||||||||
OMV AG | 9,540 | 485,046 | ||||||
Verbund AG(a) | 686 | 49,988 | ||||||
|
| |||||||
| Total Austria |
| 535,034 | ||||||
| Belgium – 0.7% | ||||||||
Barco N.V. | 1,215 | 28,574 | ||||||
Elia Group S.A./N.V.(a) | 422 | 46,572 | ||||||
Etablissements Franz Colruyt N.V. | 992 | 59,298 | ||||||
UCB S.A. | 856 | 81,611 | ||||||
Umicore S.A. | 539 | 28,653 | ||||||
Warehouses De Pauw CVA | 2,129 | 70,512 | ||||||
|
| |||||||
| Total Belgium |
| 315,220 | ||||||
| Denmark – 4.1% | ||||||||
AP Moller – Maersk A/S, Class B | 42 | 97,800 | ||||||
Carlsberg A/S, Class B | 866 | 133,377 | ||||||
Coloplast A/S, Class B | 1,294 | 195,042 | ||||||
DSV Panalpina A/S | 234 | 46,020 | ||||||
H. Lundbeck A/S | 1,568 | 53,696 | ||||||
Novo Nordisk A/S, Class B | 11,399 | 774,140 | ||||||
Novozymes A/S, Class B | 1,160 | 74,480 | ||||||
Orsted A/S(b) | 1,701 | 275,393 | ||||||
Scandinavian Tobacco Group A/S, Class A(b) | 2,536 | 48,773 | ||||||
Topdanmark A/S | 908 | 41,641 | ||||||
Tryg A/S(a) | 1,805 | 42,672 | ||||||
Vestas Wind Systems A/S | 691 | 142,176 | ||||||
|
| |||||||
| Total Denmark |
| 1,925,210 | ||||||
| Finland – 2.2% |
| |||||||
Huhtamaki Oyj | 778 | 35,259 | ||||||
Kesko Oyj, Class B | 3,730 | 114,331 | ||||||
Kojamo Oyj | 1,371 | 26,877 | ||||||
Kone Oyj, Class B | 3,451 | 282,538 | ||||||
Neles Oyj | 6,065 | 77,198 | ||||||
Neste Oyj | 4,931 | 262,300 | ||||||
Orion Oyj, Class B(a) | 1,314 | 52,770 | ||||||
Stora Enso Oyj, Class R | 3,288 | 61,463 | ||||||
Uponor Oyj | 1,093 | 24,305 | ||||||
Valmet Oyj(a) | 1,796 | 65,457 | ||||||
YIT Oyj(a) | 6,816 | 36,321 | ||||||
|
| |||||||
| Total Finland |
| 1,038,819 | ||||||
| France – 16.2% |
| |||||||
Air Liquide S.A. | 3,073 | 503,109 | ||||||
Arkema S.A. | 640 | 77,739 | ||||||
Capgemini SE | 799 | 136,258 | ||||||
Danone S.A. | 8,643 | 594,250 | ||||||
Dassault Systemes SE | 454 | 97,326 | ||||||
Gaztransport Et Technigaz S.A. | 502 | 40,120 | ||||||
Hermes International | 223 | 247,415 | ||||||
Kering S.A. | 577 | 399,158 | ||||||
L’Oreal S.A. | 2,131 | 818,491 | ||||||
Legrand S.A. | 1,656 | 154,380 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 1,977 | 1,320,018 | ||||||
Orange S.A. | 45,941 | 567,212 | ||||||
Sanofi | 14,993 | 1,484,592 | ||||||
Schneider Electric SE | 4,433 | 678,616 | ||||||
Teleperformance | 238 | 86,937 | ||||||
Trigano S.A. | 198 | 37,094 | ||||||
Verallia S.A.(b) | 1,582 | 57,174 | ||||||
Vivendi SE | 8,632 | 284,065 | ||||||
|
| |||||||
| Total France |
| 7,583,954 | ||||||
| Germany – 16.2% |
| |||||||
Aurubis AG | 475 | 39,436 | ||||||
Beiersdorf AG | 580 | 61,419 | ||||||
Brenntag SE | 1,113 | 95,230 | ||||||
Carl Zeiss Meditec AG, Bearer Shares | 262 | 39,569 | ||||||
CropEnergies AG | 413 | 5,796 | ||||||
Deutsche Boerse AG | 1,255 | 209,008 | ||||||
Deutsche Post AG, Registered Shares | 11,625 | 638,329 | ||||||
Deutsche Telekom AG, Registered Shares | 70,428 | 1,421,229 | ||||||
E.ON SE | 42,527 | 496,021 | ||||||
Fresenius Medical Care AG & Co. KGaA | 1,828 | 134,751 | ||||||
Fresenius SE & Co. KGaA | 4,861 | 216,985 | ||||||
GRENKE AG | 335 | 12,717 | ||||||
Hapag-Lloyd AG(b) | 1,138 | 177,084 | ||||||
Henkel AG & Co. KGaA | 1,499 | 148,782 | ||||||
Infineon Technologies AG | 4,389 | 186,501 | ||||||
Knorr-Bremse AG | 930 | 116,320 | ||||||
LANXESS AG | 985 | 72,771 | ||||||
LEG Immobilien SE | 802 | 105,721 | ||||||
Merck KGaA | 388 | 66,487 | ||||||
Rational AG | 32 | 24,916 | ||||||
SAP SE | 6,301 | 773,289 | ||||||
Scout24 AG(b) | 658 | 50,035 | ||||||
Siemens AG, Registered Shares | 10,411 | 1,713,046 | ||||||
Siemens Healthineers AG(b) | 6,503 | 353,105 | ||||||
Siltronic AG | 484 | 78,216 | ||||||
Softwareone Holding AG* | 775 | 20,092 | ||||||
Symrise AG | 608 | 73,888 | ||||||
TAG Immobilien AG* | 1,560 | 44,627 | ||||||
Talanx AG | 5,309 | 225,626 | ||||||
|
| |||||||
| Total Germany |
| 7,600,996 | ||||||
| Ireland – 0.2% |
| |||||||
Glanbia PLC | 2,263 | 33,805 | ||||||
Kerry Group PLC, Class A | 438 | 54,927 | ||||||
|
| |||||||
| Total Ireland |
| 88,732 | ||||||
| Italy – 2.8% |
| |||||||
ACEA SpA | 3,329 | 72,930 | ||||||
Anima Holding SpA(b) | 9,936 | 51,289 | ||||||
DiaSorin SpA | 144 | 23,153 | ||||||
Ferrari N.V. | 505 | 105,856 | ||||||
Infrastrutture Wireless Italiane SpA(b) | 2,603 | 29,063 | ||||||
Italgas SpA | 14,507 | 94,372 | ||||||
See Notes to Financial Statements.
| 18 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
March 31, 2021
| Investments | Shares | Value | ||||||
Mediobanca Banca di Credito Finanziario SpA* | 22,210 | $ | 246,834 | |||||
Recordati Industria Chimica e Farmaceutica SpA | 1,731 | 93,320 | ||||||
Snam SpA | 54,417 | 302,385 | ||||||
Telecom Italia SpA | 170,249 | 92,283 | ||||||
Terna Rete Elettrica Nazionale SpA | 26,819 | 202,928 | ||||||
|
| |||||||
| Total Italy |
| 1,314,413 | ||||||
| Kazakhstan – 0.1% |
| |||||||
KAZ Minerals PLC | 3,278 | 39,212 | ||||||
| Netherlands – 5.6% |
| |||||||
Aalberts N.V. | 1,012 | 51,382 | ||||||
Akzo Nobel N.V. | 1,393 | 155,992 | ||||||
ASM International N.V. | 428 | 124,751 | ||||||
ASML Holding N.V. | 1,108 | 673,254 | ||||||
ASR Nederland N.V. | 3,449 | 154,888 | ||||||
BE Semiconductor Industries N.V. | 988 | 82,956 | ||||||
Euronext N.V.(b) | 449 | 45,330 | ||||||
Koninklijke Ahold Delhaize N.V. | 12,099 | 337,724 | ||||||
Koninklijke DSM N.V. | 1,217 | 206,398 | ||||||
Koninklijke KPN N.V. | 64,898 | 220,739 | ||||||
Koninklijke Vopak N.V. | 857 | 42,757 | ||||||
NN Group N.V. | 7,609 | 372,827 | ||||||
TKH Group N.V., CVA | 769 | 36,984 | ||||||
Wolters Kluwer N.V. | 1,673 | 145,740 | ||||||
|
| |||||||
| Total Netherlands |
| 2,651,722 | ||||||
| Norway – 0.3% |
| |||||||
Atea ASA* | 2,162 | 36,826 | ||||||
Austevoll Seafood ASA | 1,109 | 13,446 | ||||||
Elkem ASA(b) | 6,110 | 26,626 | ||||||
Kongsberg Gruppen ASA | 1,498 | 34,395 | ||||||
Leroy Seafood Group ASA | 4,870 | 41,704 | ||||||
|
| |||||||
| Total Norway |
| 152,997 | ||||||
| Portugal – 0.1% |
| |||||||
Jeronimo Martins, SGPS, S.A. | 2,657 | 44,812 | ||||||
| Spain – 5.4% |
| |||||||
Acciona S.A. | 399 | 67,012 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 9,988 | 331,741 | ||||||
Almirall S.A. | 2,374 | 36,077 | ||||||
Cie Automotive S.A.(a) | 1,377 | 36,122 | ||||||
Ebro Foods S.A. | 2,087 | 43,121 | ||||||
Euskaltel S.A.(b) | 3,183 | 41,525 | ||||||
Faes Farma S.A. | 11,021 | 47,343 | ||||||
Fomento de Construcciones y Contratas S.A. | 6,308 | 74,583 | ||||||
Grifols S.A.(a) | 1,683 | 44,169 | ||||||
Iberdrola S.A. | 78,654 | 1,015,475 | ||||||
Industria de Diseno Textil S.A. | 18,780 | 620,227 | ||||||
Inmobiliaria Colonial Socimi S.A. | 5,865 | 56,903 | ||||||
Prosegur Cash S.A.(b) | 34,909 | 31,879 | ||||||
Prosegur Cia de Seguridad S.A. | 9,811 | 31,249 | ||||||
Viscofan S.A. | 554 | 38,351 | ||||||
|
| |||||||
| Total Spain |
| 2,515,777 | ||||||
| Sweden – 3.1% |
| |||||||
Assa Abloy AB, Class B | 3,657 | 105,309 | ||||||
Atlas Copco AB, Class A | 4,933 | 300,860 | ||||||
Atlas Copco AB, Class B | 2,537 | 132,289 | ||||||
Avanza Bank Holding AB | 682 | 21,235 | ||||||
Axfood AB(a) | 2,997 | 71,793 | ||||||
Beijer Ref AB | 662 | 29,149 | ||||||
Boliden AB | 3,051 | 113,411 | ||||||
Bravida Holding AB(b) | 2,425 | 33,469 | ||||||
Elekta AB, Class B | 2,592 | 33,678 | ||||||
Epiroc AB, Class A | 6,675 | 151,477 | ||||||
EQT AB | 1,841 | 60,724 | ||||||
Essity AB, Class B(a) | 3,946 | 124,904 | ||||||
Evolution Gaming Group AB(b) | 591 | 87,196 | ||||||
Klovern AB, Class B(a) | 10,440 | 18,242 | ||||||
Platzer Fastigheter Holding AB, Class B | 2,212 | 26,342 | ||||||
Skanska AB, Class B(a) | 2,922 | 73,416 | ||||||
SKF AB, Class B | 2,242 | 63,842 | ||||||
|
| |||||||
| Total Sweden |
| 1,447,336 | ||||||
| Switzerland – 13.3% |
| |||||||
Cembra Money Bank AG | 381 | 42,142 | ||||||
Coca-Cola HBC AG | 3,641 | 116,042 | ||||||
Credit Suisse Group AG, Registered Shares | 11,992 | 126,170 | ||||||
DKSH Holding AG | 738 | 56,890 | ||||||
Geberit AG, Registered Shares | 294 | 187,930 | ||||||
Givaudan S.A., Registered Shares | 57 | 220,575 | ||||||
Kuehne + Nagel International AG, Registered Shares | 900 | 257,908 | ||||||
Logitech International S.A., Registered Shares | 941 | 99,124 | ||||||
Lonza Group AG, Registered Shares | 173 | 97,129 | ||||||
Nestle S.A., Registered Shares | 15,976 | 1,788,144 | ||||||
Partners Group Holding AG | 281 | 360,375 | ||||||
Roche Holding AG, Bearer Shares | 1,542 | 529,210 | ||||||
Roche Holding AG, Genusschein | 5,792 | 1,879,792 | ||||||
Schindler Holding AG, Participation Certificate | 177 | 52,208 | ||||||
Schindler Holding AG, Registered Shares | 461 | 132,645 | ||||||
Sika AG, Registered Shares | 420 | 120,491 | ||||||
STMicroelectronics N.V.(a) | 2,772 | 105,948 | ||||||
Temenos AG, Registered Shares | 95 | 13,733 | ||||||
Vifor Pharma AG | 253 | 34,584 | ||||||
|
| |||||||
| Total Switzerland |
| 6,221,040 | ||||||
| United Kingdom – 25.3% |
| |||||||
Admiral Group PLC | 4,743 | 202,927 | ||||||
Ashmore Group PLC | 10,457 | 56,469 | ||||||
Ashtead Group PLC | 2,546 | 151,995 | ||||||
Avast PLC(b) | 8,396 | 52,823 | ||||||
BAE Systems PLC | 58,039 | 404,386 | ||||||
Berkeley Group Holdings PLC | 2,271 | 139,087 | ||||||
Big Yellow Group PLC | 1,906 | 29,321 | ||||||
Bodycote PLC | 3,290 | 37,517 | ||||||
British American Tobacco PLC | 56,490 | 2,162,036 | ||||||
Bunzl PLC | 2,176 | 69,742 | ||||||
Close Brothers Group PLC | 2,762 | 59,104 | ||||||
CMC Markets PLC(b) | 4,400 | 29,321 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 19 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
March 31, 2021
| Investments | Shares | Value | ||||||
Coca-Cola European Partners PLC | 2,648 | $ | 137,559 | |||||
Cranswick PLC | 623 | 31,253 | ||||||
Croda International PLC | 900 | 78,825 | ||||||
Daily Mail & General Trust PLC, Class A Non-Voting Shares | 3,927 | 49,196 | ||||||
DCC PLC | 706 | 61,269 | ||||||
easyJet PLC* | 11,837 | 159,755 | ||||||
FDM Group Holdings PLC | 1,315 | 18,288 | ||||||
Ferrexpo PLC | 24,316 | 125,674 | ||||||
Fevertree Drinks PLC | 335 | 9,891 | ||||||
Fresnillo PLC | 2,346 | 27,972 | ||||||
Games Workshop Group PLC | 266 | 36,572 | ||||||
GlaxoSmithKline PLC | 96,779 | 1,719,815 | ||||||
Hargreaves Lansdown PLC | 5,902 | 125,524 | ||||||
Hikma Pharmaceuticals PLC | 962 | 30,209 | ||||||
HomeServe PLC | 2,168 | 35,924 | ||||||
IMI PLC | 3,601 | 66,277 | ||||||
Intertek Group PLC | 959 | 74,122 | ||||||
Johnson Matthey PLC | 1,000 | 41,570 | ||||||
Jupiter Fund Management PLC | 14,145 | 54,371 | ||||||
Linde PLC | 2,961 | 831,387 | ||||||
London Stock Exchange Group PLC | 886 | 84,836 | ||||||
Moneysupermarket.com Group PLC | 5,900 | 21,702 | ||||||
Persimmon PLC | 1,778 | 72,121 | ||||||
Quilter PLC(b) | 27,521 | 60,696 | ||||||
RELX PLC | 18,393 | 461,605 | ||||||
Rio Tinto PLC | 27,159 | 2,079,656 | ||||||
Sage Group PLC (The) | 11,165 | 94,398 | ||||||
Segro PLC(b) | 8,172 | 105,714 | ||||||
Smith & Nephew PLC | 6,133 | 116,602 | ||||||
Smiths Group PLC | 3,400 | 72,124 | ||||||
Spirax-Sarco Engineering PLC | 383 | 60,241 | ||||||
Tate & Lyle PLC | 8,944 | 94,673 | ||||||
Ultra Electronics Holdings PLC | 866 | 24,231 | ||||||
Unilever PLC | 23,287 | 1,303,156 | ||||||
WM Morrison Supermarkets PLC | 30,875 | 77,721 | ||||||
|
| |||||||
| Total United Kingdom |
| 11,839,657 | ||||||
| TOTAL COMMON STOCKS (Cost: $40,166,341) |
| 46,475,005 | ||||||
| RIGHTS – 0.0% |
| |||||||
| Italy – 0.0% |
| |||||||
| Snam SpA, expiring 4/7/21* (Cost: $0) | 61,449 | 0 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0% |
| |||||||
| United States – 1.0% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $476,829) | 476,829 | 476,829 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.2% (Cost: $40,643,170) |
| 46,951,834 | ||||||
Other Assets less Liabilities – (0.2)% |
| (95,702 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 46,856,132 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $672,003 and the total market value of the collateral held by the Fund was $749,617. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $272,788. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FAIR VALUATION SUMMARY | ||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 46,475,005 | $ | — | $ | — | $ | 46,475,005 | ||||||||
Rights | — | 0 | — | 0 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 476,829 | — | 476,829 | ||||||||||||
Total Investments in Securities | $ | 46,475,005 | $ | 476,829 | $ | — | $ | 46,951,834 | ||||||||
See Notes to Financial Statements.
| 20 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.1% | ||||||||
| Austria – 1.2% | ||||||||
AT&S Austria Technologie & Systemtechnik AG | 48,716 | $ | 1,752,030 | |||||
Schoeller-Bleckmann Oilfield Equipment AG | 47,442 | 2,132,765 | ||||||
|
| |||||||
| Total Austria | 3,884,795 | |||||||
| Belgium – 2.1% | ||||||||
Bekaert S.A. | 45,523 | 1,908,993 | ||||||
Fagron | 34,217 | 761,274 | ||||||
Orange Belgium S.A. | 56,919 | 1,531,938 | ||||||
Recticel S.A. | 74,017 | 1,080,442 | ||||||
Xior Student Housing N.V. | 23,180 | 1,239,577 | ||||||
|
| |||||||
| Total Belgium | 6,522,224 | |||||||
| Denmark – 4.9% | ||||||||
Cementir Holding N.V. | 98,230 | 1,010,185 | ||||||
Chemometec A/S | 47,894 | 4,548,755 | ||||||
D/S Norden A/S | 135,375 | 3,144,798 | ||||||
NNIT A/S(a) | 27,072 | 455,197 | ||||||
Per Aarsleff Holding A/S | 49,154 | 2,140,018 | ||||||
Scandinavian Tobacco Group A/S, Class A(a) | 196,295 | 3,775,172 | ||||||
|
| |||||||
| Total Denmark | 15,074,125 | |||||||
| Finland – 5.5% | ||||||||
Kamux Corp. | 60,054 | 923,205 | ||||||
Oriola Oyj, Class B(b) | 260,536 | 627,726 | ||||||
Raisio Oyj, Class V | 120,447 | 554,212 | ||||||
Revenio Group Oyj | 26,531 | 1,577,803 | ||||||
Rovio Entertainment Oyj(a)(b) | 154,293 | 1,203,194 | ||||||
Talenom Oyj(b) | 60,434 | 760,000 | ||||||
Terveystalo Oyj(a)(b) | 170,944 | 2,378,779 | ||||||
Tokmanni Group Corp. | 112,630 | 2,647,479 | ||||||
Uponor Oyj | 112,208 | 2,495,132 | ||||||
Verkkokauppa.com Oyj(b) | 135,240 | 1,401,917 | ||||||
YIT Oyj(b) | 443,788 | 2,364,861 | ||||||
|
| |||||||
| Total Finland | 16,934,308 | |||||||
| France – 4.0% | ||||||||
Albioma S.A. | 59,476 | 2,921,908 | ||||||
Chargeurs S.A. | 55,311 | 1,501,661 | ||||||
Derichebourg S.A.* | 195,135 | 1,599,661 | ||||||
IPSOS | 67,003 | 2,535,705 | ||||||
Kaufman & Broad S.A. | 46,239 | 2,002,601 | ||||||
Quadient S.A. | 76,318 | 1,838,778 | ||||||
|
| |||||||
| Total France | 12,400,314 | |||||||
| Germany – 5.7% | ||||||||
Bilfinger SE | 25,291 | 926,810 | ||||||
CropEnergies AG | 170,950 | 2,398,954 | ||||||
DIC Asset AG | 162,752 | 2,827,153 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 16,870 | 1,349,248 | ||||||
Elmos Semiconductor SE | 28,545 | 1,201,051 | ||||||
GFT Technologies SE | 67,639 | 1,257,628 | ||||||
Hamburger Hafen und Logistik AG | 90,605 | 2,010,494 | ||||||
Indus Holding AG | 23,873 | 993,250 | ||||||
Jenoptik AG | 27,429 | 825,275 | ||||||
VERBIO Vereinigte BioEnergie AG | 80,658 | 3,479,061 | ||||||
Wuestenrot & Wuerttembergische AG | 27,854 | 582,060 | ||||||
|
| |||||||
| Total Germany | 17,850,984 | |||||||
| Ireland – 1.8% | ||||||||
Hibernia REIT PLC | 1,503,184 | 1,950,427 | ||||||
Irish Continental Group PLC | 199,438 | 1,037,217 | ||||||
Kenmare Resources PLC | 96,274 | 537,959 | ||||||
Total Produce PLC | 803,886 | 1,946,302 | ||||||
|
| |||||||
| Total Ireland | 5,471,905 | |||||||
| Italy – 8.0% | ||||||||
Anima Holding SpA(a) | 1,197,668 | 6,182,261 | ||||||
Ascopiave SpA | 195,439 | 896,976 | ||||||
Danieli & C. Officine Meccaniche SpA | 37,191 | 937,592 | ||||||
Danieli & C. Officine Meccaniche SpA, RSP | 61,273 | 940,504 | ||||||
Datalogic SpA(b) | 139,164 | 2,849,204 | ||||||
Falck Renewables SpA | 322,716 | 2,315,553 | ||||||
Fiera Milano SpA(b) | 378,832 | 1,542,760 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 231,311 | 963,743 | ||||||
La Doria SpA | 28,843 | 610,185 | ||||||
Piaggio & C. SpA | 1,488,825 | 5,662,402 | ||||||
RAI Way SpA(a) | 265,660 | 1,501,826 | ||||||
Zignago Vetro SpA | 30,298 | 576,869 | ||||||
|
| |||||||
| Total Italy | 24,979,875 | |||||||
| Netherlands – 1.7% | ||||||||
ForFarmers N.V. | 132,980 | 918,993 | ||||||
TKH Group N.V., CVA | 90,898 | 4,371,581 | ||||||
|
| |||||||
| Total Netherlands | 5,290,574 | |||||||
| Norway – 12.8% | ||||||||
ABG Sundal Collier Holding ASA | 537,746 | 560,654 | ||||||
American Shipping Co. ASA* | 81,982 | 294,359 | ||||||
Atea ASA* | 94,496 | 1,609,554 | ||||||
Austevoll Seafood ASA | 331,843 | 4,023,470 | ||||||
Bonheur ASA | 71,334 | 1,888,569 | ||||||
Borregaard ASA | 190,082 | 4,146,183 | ||||||
Elkem ASA(a) | 900,465 | 3,924,077 | ||||||
Europris ASA(a) | 790,974 | 4,744,167 | ||||||
Fjordkraft Holding ASA(a) | 477,996 | 3,902,877 | ||||||
Kid ASA(a) | 71,648 | 837,650 | ||||||
Norway Royal Salmon ASA | 27,150 | 648,189 | ||||||
Selvaag Bolig ASA | 92,568 | 684,255 | ||||||
SpareBank 1 Nord Norge | 140,877 | 1,346,660 | ||||||
SpareBank 1 SMN | 190,219 | 2,393,239 | ||||||
Sparebanken Vest | 61,157 | 560,965 | ||||||
TGS NOPEC Geophysical Co. ASA | 505,150 | 8,062,777 | ||||||
|
| |||||||
| Total Norway | 39,627,645 | |||||||
| Portugal – 1.9% | ||||||||
Altri, SGPS, S.A. | 520,109 | 3,988,627 | ||||||
Corticeira Amorim, SGPS, S.A. | 47,298 | 562,564 | ||||||
Semapa-Sociedade de Investimento e Gestao | 88,957 | 1,233,703 | ||||||
|
| |||||||
| Total Portugal |
| 5,784,894 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 21 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2021
| Investments | Shares | Value | ||||||
| Spain – 1.9% |
| |||||||
ContourGlobal PLC(a) | 307,248 | $ | 864,777 | |||||
Ercros S.A. | 148,450 | 445,779 | ||||||
Faes Farma S.A. | 580,129 | 2,492,071 | ||||||
Global Dominion Access S.A.*(a) | 234,004 | 1,183,982 | ||||||
Miquel y Costas & Miquel S.A. | 53,983 | 977,071 | ||||||
|
| |||||||
| Total Spain |
| 5,963,680 | ||||||
| Sweden – 9.8% |
| |||||||
AcadeMedia AB(a) | 161,252 | 1,515,154 | ||||||
Akelius Residential Property AB, Class D(b) | 365,345 | 636,356 | ||||||
Alimak Group AB(a) | 64,400 | 1,034,384 | ||||||
Arjo AB, Class B | 307,882 | 2,297,732 | ||||||
BioGaia AB, Class B | 16,054 | 755,153 | ||||||
Catena AB | 76,806 | 3,392,530 | ||||||
CTT Systems AB(b) | 36,086 | 635,913 | ||||||
Dustin Group AB(a) | 284,083 | 2,907,220 | ||||||
Instalco AB | 67,003 | 2,456,026 | ||||||
Klovern AB, Class B(b) | 1,245,602 | 2,176,442 | ||||||
Lagercrantz Group AB, Class B | 155,468 | 1,410,864 | ||||||
LeoVegas AB(a) | 344,509 | 2,021,688 | ||||||
Lindab International AB | 56,440 | 1,142,877 | ||||||
Midsona AB, Class B(b) | 67,466 | 640,889 | ||||||
MIPS AB | 21,544 | 1,544,807 | ||||||
Platzer Fastigheter Holding AB, Class B | 114,885 | 1,368,134 | ||||||
Ratos AB, Class B | 555,673 | 3,024,348 | ||||||
Troax Group AB | 47,815 | 1,333,025 | ||||||
|
| |||||||
| Total Sweden |
| 30,293,542 | ||||||
| Switzerland – 7.9% |
| |||||||
Bobst Group S.A., Registered Shares(b) | 27,927 | 1,853,096 | ||||||
Comet Holding AG, Registered Shares | 6,972 | 1,607,527 | ||||||
EFG International AG*(b) | 176,604 | 1,358,564 | ||||||
Huber + Suhner AG, Registered Shares | 37,500 | 2,916,645 | ||||||
Implenia AG, Registered Shares(b) | 54,319 | 1,500,605 | ||||||
Kardex Holding AG, Registered Shares | 25,561 | 5,236,318 | ||||||
Kudelski S.A., Bearer Shares(b) | 115,423 | 535,938 | ||||||
Mobilezone Holding AG, Registered Shares | 193,502 | 2,533,012 | ||||||
Swissquote Group Holding S.A., Registered Shares | 24,682 | 3,199,494 | ||||||
Valiant Holding AG, Registered Shares | 21,939 | 2,293,787 | ||||||
Zehnder Group AG | 18,794 | 1,503,680 | ||||||
|
| |||||||
| Total Switzerland |
| 24,538,666 | ||||||
| United Kingdom – 29.9% |
| |||||||
Aggreko PLC | 155,817 | 1,885,382 | ||||||
Anglo Asian Mining PLC | 376,081 | 700,487 | ||||||
Avon Rubber PLC | 14,534 | 633,661 | ||||||
Bodycote PLC | 305,132 | 3,479,489 | ||||||
Brewin Dolphin Holdings PLC | 872,673 | 3,738,505 | ||||||
CareTech Holdings PLC | 85,457 | 634,329 | ||||||
Chemring Group PLC | 327,588 | 1,202,249 | ||||||
Chesnara PLC | 194,156 | 763,450 | ||||||
Clinigen Group PLC | 80,807 | 864,601 | ||||||
Clipper Logistics PLC | 191,199 | 1,561,680 | ||||||
CLS Holdings PLC | 537,786 | 1,699,142 | ||||||
CMC Markets PLC(a) | 765,019 | 5,098,051 | ||||||
Craneware PLC(b) | 24,658 | 731,444 | ||||||
Daily Mail & General Trust PLC, Class A Non-Voting Shares | 108,259 | 1,356,234 | ||||||
Devro PLC | 373,134 | 994,619 | ||||||
Diversified Gas & Oil PLC | 2,986,230 | 4,573,314 | ||||||
Drax Group PLC | 919,345 | 5,327,367 | ||||||
EMIS Group PLC | 85,259 | 1,293,951 | ||||||
FDM Group Holdings PLC | 110,609 | 1,538,281 | ||||||
Ferrexpo PLC | 1,570,118 | 8,114,932 | ||||||
Helical PLC | 104,774 | 597,742 | ||||||
Hilton Food Group PLC | 102,679 | 1,521,496 | ||||||
IG Design Group PLC | 99,998 | 814,007 | ||||||
Impax Asset Management Group PLC | 122,499 | 1,311,533 | ||||||
iomart Group PLC(b) | 131,123 | 566,250 | ||||||
James Fisher & Sons PLC | 37,734 | 552,894 | ||||||
James Halstead PLC(b) | 51,195 | 351,756 | ||||||
Jupiter Fund Management PLC | 1,863,176 | 7,161,761 | ||||||
Learning Technologies Group PLC | 233,663 | 484,222 | ||||||
Liontrust Asset Management PLC | 80,974 | 1,586,422 | ||||||
Luceco PLC(a) | 173,587 | 651,435 | ||||||
Moneysupermarket.com Group PLC | 1,393,899 | 5,127,153 | ||||||
NCC Group PLC | 365,196 | 1,299,962 | ||||||
Nichols PLC(b) | 57,613 | 1,033,353 | ||||||
Numis Corp. PLC | 93,844 | 488,127 | ||||||
PayPoint PLC | 415,633 | 3,383,349 | ||||||
Polar Capital Holdings PLC | 174,587 | 1,676,509 | ||||||
PZ Cussons PLC | 433,791 | 1,597,999 | ||||||
Sabre Insurance Group PLC(a) | 280,848 | 980,340 | ||||||
Serica Energy PLC | 246,102 | 382,330 | ||||||
Smart Metering Systems PLC | 169,907 | 1,945,692 | ||||||
Stock Spirits Group PLC | 269,517 | 1,041,188 | ||||||
Telecom Plus PLC | 106,794 | 1,871,265 | ||||||
TORM PLC(b) | 254,142 | 2,321,353 | ||||||
TP ICAP Group PLC | 1,776,859 | 5,968,258 | ||||||
Volex PLC | 164,262 | 763,751 | ||||||
XPS Pensions Group PLC | 433,073 | 731,951 | ||||||
YouGov PLC | 35,737 | 494,296 | ||||||
|
| |||||||
| Total United Kingdom |
| 92,897,562 | ||||||
| TOTAL COMMON STOCKS (Cost: $254,222,559) |
| 307,515,093 | ||||||
| EXCHANGE-TRADED FUND – 0.2% |
| |||||||
| United States – 0.2% |
| |||||||
WisdomTree International MidCap Dividend Fund(c) |
| |||||||
| (Cost: $594,938) | 9,388 | 629,963 | ||||||
See Notes to Financial Statements.
| 22 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2021
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.2% |
| |||||||
| United States – 2.2% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(d) | ||||||||
| (Cost: $6,775,008) | 6,775,008 | $ | 6,775,008 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 101.5% (Cost: $261,592,505) |
| 314,920,064 | ||||||
Other Assets less Liabilities – (1.5)% |
| (4,693,000 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 310,227,064 | |||||
| * | Non-income producing security. |
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $11,357,587 and the total market value of the collateral held by the Fund was $12,004,442. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,229,434. |
| (c) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (d) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree International MidCap Dividend Fund | $ | 4,217,400 | $ | 1,994,727 | $ | 5,842,278 | $ | 261,539 | $ | (1,425 | ) | $ | 629,963 | $ | 24,527 | |||||||||||||
| 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 | 4/1/2021 | 126,877 | USD | 120,000 | CHF | $ | — | $ | (627 | ) | ||||||||||||||||||
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 307,515,093 | $ | — | $ | — | $ | 307,515,093 | ||||||||
Exchange-Traded Fund | 629,963 | — | — | 629,963 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 6,775,008 | — | 6,775,008 | ||||||||||||
Total Investments in Securities | $ | 308,145,056 | $ | 6,775,008 | $ | — | $ | 314,920,064 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (627 | ) | $ | — | $ | (627 | ) | ||||||
Total – Net | $ | 308,145,056 | $ | 6,774,381 | $ | — | $ | 314,919,437 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 23 |
Table of Contents
Schedule of Investments
WisdomTree International Dividend ex-Financials Fund (DOO)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.1% |
| |||||||
| Australia – 13.1% |
| |||||||
BHP Group Ltd. | 53,713 | $ | 1,853,246 | |||||
BHP Group PLC | 81,268 | 2,348,469 | ||||||
Coles Group Ltd. | 76,135 | 928,391 | ||||||
Fortescue Metals Group Ltd. | 261,500 | 3,981,438 | ||||||
Rio Tinto Ltd. | 25,932 | 2,187,435 | ||||||
Sonic Healthcare Ltd. | 27,310 | 729,895 | ||||||
Telstra Corp., Ltd. | 847,138 | 2,193,757 | ||||||
Transurban Group | 92,341 | 936,816 | ||||||
Wesfarmers Ltd. | 29,299 | 1,175,362 | ||||||
Woodside Petroleum Ltd. | 142,278 | 2,600,785 | ||||||
|
| |||||||
| Total Australia |
| 18,935,594 | ||||||
| China – 2.9% |
| |||||||
China Overseas Land & Investment Ltd. | 602,500 | 1,565,449 | ||||||
Guangdong Investment Ltd. | 920,000 | 1,498,138 | ||||||
Wilmar International Ltd. | 281,300 | 1,134,747 | ||||||
|
| |||||||
| Total China |
| 4,198,334 | ||||||
| Finland – 3.4% |
| |||||||
Fortum Oyj | 94,123 | 2,517,773 | ||||||
Neste Oyj | 10,224 | 543,856 | ||||||
UPM-Kymmene Oyj | 49,311 | 1,775,167 | ||||||
|
| |||||||
| Total Finland |
| 4,836,796 | ||||||
| France – 4.4% |
| |||||||
Danone S.A. | 19,509 | 1,341,342 | ||||||
Edenred | 10,648 | 557,400 | ||||||
Gecina S.A. | 10,804 | 1,490,737 | ||||||
Orange S.A. | 148,788 | 1,837,014 | ||||||
Sanofi | 11,063 | 1,095,447 | ||||||
|
| |||||||
| Total France |
| 6,321,940 | ||||||
| Germany – 10.2% |
| |||||||
BASF SE | 32,320 | 2,690,906 | ||||||
Bayer AG, Registered Shares | 30,854 | 1,956,735 | ||||||
Bayerische Motoren Werke AG | 16,616 | 1,727,711 | ||||||
Continental AG | 8,463 | 1,120,977 | ||||||
E.ON SE | 130,761 | 1,525,153 | ||||||
Evonik Industries AG | 59,321 | 2,102,753 | ||||||
Siemens AG, Registered Shares | 8,638 | 1,421,313 | ||||||
Volkswagen AG(a) | 5,782 | 2,101,194 | ||||||
|
| |||||||
| Total Germany |
| 14,646,742 | ||||||
| Hong Kong – 8.3% |
| |||||||
Hang Lung Properties Ltd. | 458,000 | 1,190,001 | ||||||
Henderson Land Development Co., Ltd. | 490,000 | 2,199,641 | ||||||
Link REIT | 168,500 | 1,534,488 | ||||||
New World Development Co., Ltd. | 317,000 | 1,639,139 | ||||||
Power Assets Holdings Ltd. | 375,000 | 2,213,983 | ||||||
Sun Hung Kai Properties Ltd. | 113,000 | 1,712,198 | ||||||
Swire Properties Ltd. | 464,000 | 1,435,368 | ||||||
|
| |||||||
| Total Hong Kong |
| 11,924,818 | ||||||
| Italy – 1.2% |
| |||||||
Snam SpA | 314,957 | 1,750,158 | ||||||
| Japan – 22.1% |
| |||||||
Astellas Pharma, Inc. | 53,100 | 817,884 | ||||||
Bridgestone Corp. | 34,600 | 1,401,222 | ||||||
Canon, Inc. | 108,800 | 2,464,000 | ||||||
Daiwa House Industry Co., Ltd.(a) | 38,500 | 1,129,217 | ||||||
Denso Corp. | 18,100 | 1,203,445 | ||||||
ENEOS Holdings, Inc.(a) | 478,700 | 2,172,995 | ||||||
FUJIFILM Holdings Corp. | 9,900 | 588,714 | ||||||
Fujitsu Ltd. | 3,200 | 463,348 | ||||||
Hitachi Ltd.(a) | 22,200 | 1,005,328 | ||||||
Honda Motor Co., Ltd. | 37,600 | 1,129,361 | ||||||
ITOCHU Corp.(a) | 37,500 | 1,217,308 | ||||||
Japan Tobacco, Inc. | 118,000 | 2,269,231 | ||||||
KDDI Corp.(a) | 47,700 | 1,465,534 | ||||||
Kirin Holdings Co., Ltd. | 49,700 | 953,745 | ||||||
Mitsubishi Corp.(a) | 68,200 | 1,931,819 | ||||||
Murata Manufacturing Co., Ltd. | 6,000 | 480,108 | ||||||
Panasonic Corp. | 91,700 | 1,181,312 | ||||||
Sekisui House Ltd. | 77,500 | 1,665,023 | ||||||
Seven & I Holdings Co., Ltd. | 27,000 | 1,090,507 | ||||||
SoftBank Corp.(a) | 175,100 | 2,279,469 | ||||||
Sumitomo Corp.(a) | 137,700 | 1,965,185 | ||||||
Takeda Pharmaceutical Co., Ltd.(a) | 41,200 | 1,485,810 | ||||||
TDK Corp. | 3,500 | 485,566 | ||||||
Tokyo Electron Ltd. | 2,500 | 1,058,597 | ||||||
|
| |||||||
| Total Japan |
| 31,904,728 | ||||||
| Netherlands – 2.2% |
| |||||||
Koninklijke Ahold Delhaize N.V. | 37,729 | 1,053,143 | ||||||
Koninklijke KPN N.V. | 633,283 | 2,153,996 | ||||||
|
| |||||||
| Total Netherlands |
| 3,207,139 | ||||||
| Norway – 4.3% |
| |||||||
Equinor ASA | 138,047 | 2,705,520 | ||||||
Telenor ASA | 100,939 | 1,779,604 | ||||||
Yara International ASA | 34,110 | 1,777,355 | ||||||
|
| |||||||
| Total Norway |
| 6,262,479 | ||||||
| Singapore – 2.5% |
| |||||||
CapitaLand Ltd. | 626,500 | 1,753,230 | ||||||
Singapore Telecommunications Ltd. | 1,057,400 | 1,920,256 | ||||||
|
| |||||||
| Total Singapore |
| 3,673,486 | ||||||
| Spain – 5.3% |
| |||||||
Endesa S.A. | 67,886 | 1,799,981 | ||||||
Ferrovial S.A. | 42,229 | 1,103,313 | ||||||
Naturgy Energy Group S.A.(a) | 118,037 | 2,899,432 | ||||||
Red Electrica Corp. S.A. | 100,780 | �� | 1,788,545 | |||||
|
| |||||||
| Total Spain |
| 7,591,271 | ||||||
| Sweden – 1.6% |
| |||||||
Telefonaktiebolaget LM Ericsson, Class B | 37,490 | 496,996 | ||||||
Telia Co. AB | 422,029 | 1,831,667 | ||||||
|
| |||||||
| Total Sweden |
| 2,328,663 | ||||||
| Switzerland – 4.8% |
| |||||||
ABB Ltd., Registered Shares | 38,966 | 1,182,457 | ||||||
LafargeHolcim Ltd., Registered Shares* | 31,436 | 1,855,130 | ||||||
See Notes to Financial Statements.
| 24 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Dividend ex-Financials Fund (DOO)
March 31, 2021
| Investments | Shares | Value | ||||||
Novartis AG, Registered Shares | 13,471 | $ | 1,156,088 | |||||
Roche Holding AG, Bearer Shares(a) | 2,485 | 852,845 | ||||||
Roche Holding AG, Genusschein | 2,487 | 807,155 | ||||||
SGS S.A., Registered Shares | 361 | 1,028,360 | ||||||
|
| |||||||
| Total Switzerland |
| 6,882,035 | ||||||
| United Kingdom – 12.8% |
| |||||||
AstraZeneca PLC | 7,046 | 704,508 | ||||||
BAE Systems PLC | 243,985 | 1,699,962 | ||||||
British American Tobacco PLC | 66,134 | 2,531,139 | ||||||
GlaxoSmithKline PLC | 90,032 | 1,599,917 | ||||||
National Grid PLC | 127,710 | 1,522,381 | ||||||
Rio Tinto PLC | 32,637 | 2,499,125 | ||||||
Sage Group PLC (The) | 80,148 | 677,636 | ||||||
SSE PLC | 111,650 | 2,241,334 | ||||||
Tesco PLC | 361,968 | 1,142,894 | ||||||
Unilever PLC | 15,521 | 867,946 | ||||||
Vodafone Group PLC | 1,667,247 | 3,033,638 | ||||||
|
| |||||||
| Total United Kingdom |
| 18,520,480 | ||||||
| TOTAL COMMON STOCKS (Cost: $133,400,034) |
| 142,984,663 | ||||||
| RIGHTS – 0.0% |
| |||||||
| Italy – 0.0% |
| |||||||
| Snam SpA, expiring 4/7/21* (Cost: $0) | 314,957 | 0 | ||||||
| EXCHANGE-TRADED FUND – 0.2% |
| |||||||
| United States – 0.2% |
| |||||||
WisdomTree International LargeCap Dividend Fund(b) | ||||||||
| (Cost: $199,960) | 5,270 | 249,429 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 10.3% |
| |||||||
| United States – 10.3% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $14,936,369) | 14,936,369 | 14,936,369 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 109.6% (Cost: $148,536,363) |
| 158,170,461 | ||||||
Other Assets less Liabilities – (9.6)% |
| (13,822,307 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 144,348,154 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $19,304,061 and the total market value of the collateral held by the Fund was $20,284,151. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,347,782. |
| (b) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree International LargeCap Dividend Fund | $ | 1,294,914 | $ | 4,090,640 | $ | 5,482,015 | $ | 231,554 | $ | 114,336 | $ | 249,429 | $ | 61,507 | ||||||||||||||
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and | Amount and | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 19,620 | USD | 25,781 | AUD | $ | — | $ | (16 | ) | ||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/6/2021 | 21,496 | USD | 20,261 | CHF | — | (32 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/5/2021 | 47,732 | USD | 5,279,208 | JPY | — | (44 | ) | ||||||||||||||||||||
| $ | — | $ | (92 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 25 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Dividend ex-Financials Fund (DOO)
March 31, 2021
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 142,984,663 | $ | — | $ | — | $ | 142,984,663 | ||||||||
Rights | — | 0 | — | 0 | ||||||||||||
Exchange-Traded Fund | 249,429 | — | — | 249,429 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 14,936,369 | — | 14,936,369 | ||||||||||||
Total Investments in Securities | $ | 143,234,092 | $ | 14,936,369 | $ | — | $ | 158,170,461 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (92 | ) | $ | — | $ | (92 | ) | ||||||
Total – Net | $ | 143,234,092 | $ | 14,936,277 | $ | — | $ | 158,170,369 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| 26 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree International Equity Fund (DWM)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.1% |
| |||||||
| Australia – 9.2% |
| |||||||
AGL Energy Ltd. | 48,642 | $ | 357,515 | |||||
Alumina Ltd. | 250,208 | 331,593 | ||||||
Ampol Ltd. | 11,151 | 208,507 | ||||||
Ansell Ltd. | 8,847 | 264,412 | ||||||
APA Group(a) | 57,252 | 436,932 | ||||||
ASX Ltd. | 9,678 | 523,727 | ||||||
Aurizon Holdings Ltd. | 161,608 | 480,046 | ||||||
AusNet Services | 331,359 | 463,117 | ||||||
Australia & New Zealand Banking Group Ltd. | 159,778 | 3,429,363 | ||||||
BHP Group Ltd. | 139,745 | 4,821,586 | ||||||
BHP Group PLC | 129,089 | 3,730,391 | ||||||
Brambles Ltd. | 47,754 | 384,814 | ||||||
Brickworks Ltd. | 9,922 | 157,490 | ||||||
carsales.com Ltd. | 22,745 | 308,536 | ||||||
Charter Hall Group | 26,460 | 259,574 | ||||||
Coles Group Ltd. | 72,430 | 883,213 | ||||||
Commonwealth Bank of Australia | 78,049 | 5,118,302 | ||||||
CSL Ltd. | 4,770 | 961,492 | ||||||
Dexus | 74,306 | 551,803 | ||||||
Fortescue Metals Group Ltd. | 504,943 | 7,687,951 | ||||||
Goodman Group | 52,357 | 722,584 | ||||||
Growthpoint Properties Australia Ltd. | 96,259 | 254,405 | ||||||
Harvey Norman Holdings Ltd.(a) | 128,729 | 561,806 | ||||||
JB Hi-Fi Ltd.(a) | 11,182 | 440,998 | ||||||
Johns Lyng Group Ltd. | 68,004 | 199,930 | ||||||
Macquarie Group Ltd. | 11,403 | 1,327,343 | ||||||
Magellan Financial Group Ltd. | 9,324 | 320,780 | ||||||
Medibank Pvt Ltd. | 148,646 | 317,005 | ||||||
Mineral Resources Ltd. | 20,011 | 579,477 | ||||||
Mirvac Group | 245,027 | 466,562 | ||||||
National Australia Bank Ltd. | 178,946 | 3,543,650 | ||||||
Newcrest Mining Ltd. | 18,683 | 347,494 | ||||||
Nine Entertainment Co. Holdings Ltd. | 111,559 | 235,364 | ||||||
Origin Energy Ltd. | 141,418 | 505,165 | ||||||
OZ Minerals Ltd. | 21,517 | 374,312 | ||||||
Pendal Group Ltd. | 46,422 | 229,823 | ||||||
QBE Insurance Group Ltd. | 60,774 | 445,296 | ||||||
Qube Holdings Ltd. | 78,108 | 177,878 | ||||||
Rio Tinto Ltd. | 34,362 | 2,898,529 | ||||||
Seven Group Holdings Ltd.(a) | 15,419 | 264,824 | ||||||
Sonic Healthcare Ltd. | 15,467 | 413,376 | ||||||
Spark Infrastructure Group | 157,357 | 260,077 | ||||||
St Barbara Ltd.(a) | 127,213 | 190,392 | ||||||
Stockland | 169,513 | 568,082 | ||||||
Suncorp Group Ltd. | 58,691 | 442,550 | ||||||
Telstra Corp., Ltd. | 702,473 | 1,819,131 | ||||||
Transurban Group(a) | 89,816 | 911,199 | ||||||
Washington H Soul Pattinson & Co., Ltd.(a) | 11,506 | 276,753 | ||||||
Wesfarmers Ltd. | 54,011 | 2,166,711 | ||||||
Woodside Petroleum Ltd. | 68,503 | 1,252,207 | ||||||
Woolworths Group Ltd. | 31,273 | 973,486 | ||||||
Worley Ltd. | 37,986 | 303,497 | ||||||
|
| |||||||
| Total Australia |
| 55,151,050 | ||||||
| Austria – 0.6% |
| |||||||
Andritz AG(a) | 5,227 | 235,534 | ||||||
Oesterreichische Post AG(a) | 11,684 | 512,211 | ||||||
OMV AG | 35,442 | 1,801,994 | ||||||
Telekom Austria AG | 70,052 | 553,271 | ||||||
Voestalpine AG | 5,787 | 240,295 | ||||||
|
| |||||||
| Total Austria |
| 3,343,305 | ||||||
| Belgium – 0.6% |
| |||||||
Aedifica S.A. | 2,311 | 265,636 | ||||||
Cofinimmo S.A. | 1,918 | 279,975 | ||||||
Etablissements Franz Colruyt N.V. | 4,765 | 284,831 | ||||||
Euronav N.V. | 34,521 | 316,668 | ||||||
Proximus SADP | 38,307 | 835,612 | ||||||
Solvay S.A.(a) | 6,727 | 839,643 | ||||||
Telenet Group Holding N.V. | 9,715 | 394,836 | ||||||
UCB S.A. | 3,748 | 357,335 | ||||||
Warehouses De Pauw CVA | 9,690 | 320,932 | ||||||
|
| |||||||
| Total Belgium |
| 3,895,468 | ||||||
| China – 1.9% |
| |||||||
Beijing Enterprises Holdings Ltd. | 63,500 | 224,206 | ||||||
BOC Hong Kong Holdings Ltd. | 703,944 | 2,458,319 | ||||||
China Everbright Environment Group Ltd. | 472,000 | 319,344 | ||||||
China Jinmao Holdings Group Ltd. | 796,000 | 319,446 | ||||||
China Overseas Land & Investment Ltd. | 565,675 | 1,469,768 | ||||||
China Power International Development Ltd. | 1,148,000 | 267,270 | ||||||
China Resources Power Holdings Co., Ltd. | 358,000 | 475,218 | ||||||
CSPC Pharmaceutical Group Ltd. | 323,280 | 390,874 | ||||||
Far East Horizon Ltd.(a) | 305,000 | 366,418 | ||||||
Fosun International Ltd. | 292,487 | 409,323 | ||||||
Guangdong Investment Ltd. | 360,000 | 586,228 | ||||||
Lenovo Group Ltd. | 1,137,003 | 1,617,510 | ||||||
Shenzhen Investment Ltd. | 892,000 | 309,784 | ||||||
Shougang Fushan Resources Group Ltd. | 1,045,238 | 259,479 | ||||||
Sinotruk Hong Kong Ltd. | 111,000 | 332,667 | ||||||
Wilmar International Ltd. | 236,700 | 954,833 | ||||||
Yanlord Land Group Ltd. | 261,000 | 240,875 | ||||||
Yuexiu Property Co., Ltd. | 1,418,000 | 321,011 | ||||||
|
| |||||||
| Total China |
| 11,322,573 | ||||||
| Denmark – 1.4% |
| |||||||
AP Moller – Maersk A/S, Class B(a) | 193 | 449,412 | ||||||
Carlsberg A/S, Class B | 2,248 | 346,226 | ||||||
Coloplast A/S, Class B | 5,580 | 841,063 | ||||||
DSV Panalpina A/S | 1,492 | 293,427 | ||||||
Novo Nordisk A/S, Class B | 53,314 | 3,620,713 | ||||||
Novozymes A/S, Class B | 4,791 | 307,617 | ||||||
Orsted A/S(b) | 4,613 | 746,848 | ||||||
Rockwool International A/S, Class B | 503 | 212,553 | ||||||
Royal Unibrew A/S | 1,923 | 201,601 | ||||||
Scandinavian Tobacco Group A/S, Class A(b) | 23,705 | 455,898 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 27 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2021
| Investments | Shares | Value | ||||||
SimCorp A/S | 1,618 | $ | 200,845 | |||||
Topdanmark A/S | 1,691 | 77,549 | ||||||
Tryg A/S(a) | 17,107 | 404,429 | ||||||
Vestas Wind Systems A/S | 2,464 | 506,977 | ||||||
|
| |||||||
| Total Denmark |
| 8,665,158 | ||||||
| Finland – 1.7% |
| |||||||
Cargotec Oyj, Class B(a) | 5,285 | 286,348 | ||||||
Elisa Oyj | 11,777 | 707,854 | ||||||
Fortum Oyj | 59,644 | 1,595,466 | ||||||
Kamux Corp. | 13,845 | 212,838 | ||||||
Kesko Oyj, Class B | 19,466 | 596,668 | ||||||
Kone Oyj, Class B | 17,222 | 1,409,988 | ||||||
Konecranes Oyj | 7,268 | 324,599 | ||||||
Metsa Board Oyj | 30,274 | 330,548 | ||||||
Neles Oyj | 26,019 | 331,183 | ||||||
Neste Oyj | 22,771 | 1,211,282 | ||||||
Nokian Renkaat Oyj(a) | 5,630 | 204,331 | ||||||
Orion Oyj, Class B(a) | 7,451 | 299,232 | ||||||
Sampo Oyj, Class A | 25,813 | 1,167,103 | ||||||
Sanoma Oyj | 12,123 | 204,034 | ||||||
TietoEVRY Oyj | 7,203 | 223,663 | ||||||
UPM-Kymmene Oyj | 28,210 | 1,015,544 | ||||||
Valmet Oyj | 11,151 | 406,410 | ||||||
|
| |||||||
| Total Finland |
| 10,527,091 | ||||||
| France – 7.0% |
| |||||||
Air Liquide S.A. | 14,371 | 2,352,809 | ||||||
ALD S.A.(b) | 34,665 | 508,457 | ||||||
Arkema S.A. | 2,739 | 332,699 | ||||||
AXA S.A. | 126,727 | 3,408,542 | ||||||
Bollore S.A. | 60,425 | 292,450 | ||||||
Capgemini SE | 3,214 | 548,103 | ||||||
Carrefour S.A. | 16,706 | 303,256 | ||||||
Cie Generale des Etablissements Michelin SCA | 3,945 | 591,856 | ||||||
Covivio | 9,358 | 802,887 | ||||||
Danone S.A. | 29,775 | 2,047,181 | ||||||
Dassault Systemes SE | 1,789 | 383,516 | ||||||
Edenred | 6,126 | 320,683 | ||||||
Gaztransport Et Technigaz S.A. | 2,294 | 183,337 | ||||||
Gecina S.A. | 4,200 | 579,517 | ||||||
Hermes International | 927 | 1,028,490 | ||||||
Iliad S.A. | 1,781 | 339,309 | ||||||
Imerys S.A. | 7,519 | 366,915 | ||||||
Ipsen S.A. | 2,139 | 183,897 | ||||||
Kering S.A. | 1,984 | 1,372,494 | ||||||
L’Oreal S.A. | 11,358 | 4,362,470 | ||||||
La Francaise des Jeux SAEM(b) | 4,174 | 190,194 | ||||||
Legrand S.A. | 5,139 | 479,082 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 6,008 | 4,011,467 | ||||||
Nexity S.A. | 6,926 | 342,536 | ||||||
Orange S.A. | 148,235 | 1,830,186 | ||||||
Pernod Ricard S.A. | 6,011 | 1,130,709 | ||||||
Publicis Groupe S.A. | 10,058 | 615,173 | ||||||
Rubis SCA | 7,150 | 339,497 | ||||||
Sanofi | 73,628 | 7,290,569 | ||||||
Schneider Electric SE | 21,664 | 3,316,385 | ||||||
Societe BIC S.A.(a) | 3,505 | 205,642 | ||||||
Suez S.A. | 21,184 | 449,650 | ||||||
Veolia Environnement S.A. | 18,180 | 467,081 | ||||||
Vivendi SE | 27,457 | 903,565 | ||||||
Wendel SE(a) | 2,793 | 347,629 | ||||||
|
| |||||||
| Total France |
| 42,228,233 | ||||||
| Germany – 10.8% |
| |||||||
Allianz SE, Registered Shares | 25,718 | 6,560,630 | ||||||
alstria office REIT-AG | 17,022 | 275,682 | ||||||
BASF SE | 63,809 | 5,312,623 | ||||||
Bayer AG, Registered Shares | 67,231 | 4,263,733 | ||||||
Bayerische Motoren Werke AG | 25,853 | 2,688,162 | ||||||
Brenntag SE | 7,172 | 613,649 | ||||||
Continental AG | 7,076 | 937,260 | ||||||
Covestro AG(b) | 7,937 | 534,888 | ||||||
Daimler AG, Registered Shares | 22,926 | 2,048,083 | ||||||
Deutsche Boerse AG | 4,727 | 787,234 | ||||||
Deutsche Post AG, Registered Shares | 57,999 | 3,184,725 | ||||||
Deutsche Telekom AG, Registered Shares | 221,902 | 4,477,958 | ||||||
Deutsche Wohnen SE, Bearer Shares | 13,753 | 643,000 | ||||||
E.ON SE | 201,829 | 2,354,067 | ||||||
Evonik Industries AG | 26,243 | 930,236 | ||||||
Fresenius Medical Care AG & Co. KGaA | 8,957 | 660,263 | ||||||
Fresenius SE & Co. KGaA | 15,489 | 691,396 | ||||||
Hannover Rueck SE | 5,382 | 985,507 | ||||||
Hapag-Lloyd AG(b) | 4,034 | 627,729 | ||||||
Henkel AG & Co. KGaA | 8,120 | 805,943 | ||||||
Hornbach Holding AG & Co. KGaA | 2,440 | 238,595 | ||||||
Infineon Technologies AG | 20,535 | 872,593 | ||||||
Knorr-Bremse AG | 4,911 | 614,245 | ||||||
LANXESS AG | 3,766 | 278,230 | ||||||
LEG Immobilien SE | 3,904 | 514,632 | ||||||
Merck KGaA | 2,270 | 388,984 | ||||||
METRO AG | 33,346 | 353,116 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares | 7,076 | 2,183,892 | ||||||
RWE AG | 15,999 | 628,417 | ||||||
SAP SE | 31,206 | 3,829,749 | ||||||
Scout24 AG(b) | 3,021 | 229,723 | ||||||
Siemens AG, Registered Shares | 32,298 | 5,314,375 | ||||||
Siemens Healthineers AG(b) | 22,753 | 1,235,461 | ||||||
Symrise AG | 2,567 | 311,957 | ||||||
TAG Immobilien AG* | 9,461 | 270,649 | ||||||
Talanx AG | 16,417 | 697,703 | ||||||
Telefonica Deutschland Holding AG | 255,405 | 750,443 | ||||||
Traton SE | 32,618 | 881,726 | ||||||
Uniper SE | 17,174 | 623,300 | ||||||
United Internet AG, Registered Shares | 6,311 | 253,672 | ||||||
Volkswagen AG(a) | 9,762 | 3,547,536 | ||||||
Vonovia SE | 23,072 | 1,510,390 | ||||||
|
| |||||||
| Total Germany |
| 64,912,156 | ||||||
See Notes to Financial Statements.
| 28 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2021
| Investments | Shares | Value | ||||||
| Hong Kong – 3.7% |
| |||||||
AIA Group Ltd. | 320,765 | $ | 3,890,711 | |||||
CLP Holdings Ltd. | 156,000 | 1,514,962 | ||||||
Guotai Junan International Holdings Ltd. | 1,297,000 | 238,565 | ||||||
Hang Lung Group Ltd. | 113,000 | 286,045 | ||||||
Hang Lung Properties Ltd. | 224,000 | 582,009 | ||||||
Hang Seng Bank Ltd. | 112,600 | 2,179,743 | ||||||
Henderson Land Development Co., Ltd. | 302,859 | 1,359,553 | ||||||
Hong Kong & China Gas Co., Ltd. | 427,781 | 676,795 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 35,829 | 2,107,954 | ||||||
Hutchison Port Holdings Trust | 1,158,000 | 260,550 | ||||||
Hysan Development Co., Ltd. | 90,000 | 351,922 | ||||||
Link REIT | 102,400 | 932,531 | ||||||
MTR Corp., Ltd. | 166,553 | 943,689 | ||||||
New World Development Co., Ltd. | 146,193 | 755,932 | ||||||
PCCW Ltd. | 897,826 | 505,821 | ||||||
Power Assets Holdings Ltd. | 224,000 | 1,322,486 | ||||||
Sino Land Co., Ltd. | 424,400 | 590,654 | ||||||
Sun Hung Kai Properties Ltd. | 144,500 | 2,189,492 | ||||||
Swire Properties Ltd. | 253,800 | 785,122 | ||||||
Techtronic Industries Co., Ltd. | 43,000 | 735,615 | ||||||
Wharf Holdings Ltd. (The) | 49,000 | 129,835 | ||||||
|
| |||||||
| Total Hong Kong |
| 22,339,986 | ||||||
| Ireland – 0.4% |
| |||||||
CRH PLC | 22,414 | 1,052,936 | ||||||
Glanbia PLC | 14,779 | 220,770 | ||||||
Kerry Group PLC, Class A | 1,550 | 194,377 | ||||||
Smurfit Kappa Group PLC | 14,519 | 685,297 | ||||||
|
| |||||||
| Total Ireland |
| 2,153,380 | ||||||
| Israel – 0.4% |
| |||||||
Bank Hapoalim BM* | 75,210 | 585,946 | ||||||
Bank Leumi Le-Israel BM | 70,810 | 467,154 | ||||||
Elbit Systems Ltd. | 1,803 | 255,579 | ||||||
Electra Consumer Products 1970 Ltd. | 8,118 | 351,528 | ||||||
ICL Group Ltd. | 65,789 | 386,089 | ||||||
Mega Or Holdings Ltd. | 6,325 | 186,903 | ||||||
Mehadrin Ltd.* | 0 | ‡ | 4 | |||||
Mizrahi Tefahot Bank Ltd. | 10,373 | 271,060 | ||||||
|
| |||||||
| Total Israel |
| 2,504,263 | ||||||
| Italy – 2.6% |
| |||||||
A2A SpA | 277,159 | 505,556 | ||||||
ACEA SpA | 14,485 | 317,331 | ||||||
Anima Holding SpA(b) | 57,188 | 295,200 | ||||||
Assicurazioni Generali SpA | 64,694 | 1,297,154 | ||||||
Buzzi Unicem SpA | 8,033 | 209,311 | ||||||
DiaSorin SpA | 909 | 146,150 | ||||||
Enav SpA(b) | 58,351 | 284,470 | ||||||
Enel SpA | 469,027 | 4,681,742 | ||||||
ERG SpA | 10,463 | 311,610 | ||||||
Ferrari N.V. | 2,366 | 495,948 | ||||||
Iren SpA | 89,090 | 246,691 | ||||||
Italgas SpA | 79,985 | 520,325 | ||||||
La Doria SpA | 14,001 | 296,197 | ||||||
Mediobanca Banca di Credito Finanziario SpA* | 82,463 | 916,463 | ||||||
Poste Italiane SpA(b) | 97,839 | 1,246,493 | ||||||
RAI Way SpA(b) | 35,828 | 202,543 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 10,179 | 548,760 | ||||||
Snam SpA | 201,263 | 1,118,381 | ||||||
Terna Rete Elettrica Nazionale SpA | 87,584 | 662,711 | ||||||
UnipolSai Assicurazioni SpA | 365,716 | 1,102,073 | ||||||
|
| |||||||
| Total Italy |
| 15,405,109 | ||||||
| Japan – 24.4% |
| |||||||
ABC-Mart, Inc. | 6,600 | 372,706 | ||||||
Advantest Corp. | 4,300 | 376,688 | ||||||
Aeon Co., Ltd. | 15,000 | 447,828 | ||||||
AEON Financial Service Co., Ltd. | 16,400 | 220,398 | ||||||
AGC, Inc. | 11,500 | 481,855 | ||||||
Aica Kogyo Co., Ltd. | 7,400 | 267,204 | ||||||
Aida Engineering Ltd. | 29,300 | 263,567 | ||||||
Air Water, Inc. | 12,900 | 226,480 | ||||||
Aisin Seiki Co., Ltd.(a) | 9,100 | 345,882 | ||||||
Alconix Corp. | 14,700 | 220,034 | ||||||
Alfresa Holdings Corp. | 11,500 | 221,986 | ||||||
Amada Co., Ltd.(a) | 32,600 | 364,058 | ||||||
Asahi Group Holdings Ltd. | 16,500 | 696,584 | ||||||
Asahi Kasei Corp.(a) | 47,300 | 545,555 | ||||||
Astellas Pharma, Inc. | 47,600 | 733,169 | ||||||
Bandai Namco Holdings, Inc. | 5,500 | 392,864 | ||||||
Bank of Kyoto Ltd. (The)(a) | 5,600 | 345,122 | ||||||
Bank of Nagoya Ltd. (The)(a) | 8,700 | 248,009 | ||||||
Bridgestone Corp. | 24,600 | 996,244 | ||||||
Brother Industries Ltd. | 11,400 | 252,657 | ||||||
Calbee, Inc.(a) | 6,300 | 160,892 | ||||||
Canon Marketing Japan, Inc. | 9,200 | 204,481 | ||||||
Canon, Inc. | 85,700 | 1,940,853 | ||||||
Central Glass Co., Ltd. | 11,300 | 240,930 | ||||||
Central Japan Railway Co. | 2,800 | 419,367 | ||||||
Chiba Bank Ltd. (The) | 52,600 | 345,113 | ||||||
Chiyoda Co., Ltd. | 24,900 | 223,311 | ||||||
Chubu Electric Power Co., Inc. | 34,100 | 439,751 | ||||||
Chugai Pharmaceutical Co., Ltd. | 34,500 | 1,401,543 | ||||||
Chugoku Electric Power Co., Inc. (The)(a) | 20,300 | 249,662 | ||||||
COMSYS Holdings Corp. | 8,700 | 268,480 | ||||||
Concordia Financial Group Ltd.(a) | 93,400 | 379,517 | ||||||
Dai-ichi Life Holdings, Inc. | 51,933 | 893,906 | ||||||
Daicel Corp.(a) | 29,000 | 223,602 | ||||||
Daifuku Co., Ltd.(a) | 2,800 | 274,679 | ||||||
Daiho Corp. | 6,200 | 217,421 | ||||||
Daiichi Sankyo Co., Ltd. | 32,100 | 936,855 | ||||||
Daiichikosho Co., Ltd. | 3,500 | 135,882 | ||||||
Daiken Corp. | 11,200 | 223,392 | ||||||
Daikin Industries Ltd. | 3,800 | 767,566 | ||||||
Daito Trust Construction Co., Ltd. | 3,700 | 429,602 | ||||||
Daiwa House Industry Co., Ltd.(a) | 25,100 | 736,191 | ||||||
Daiwa Securities Group, Inc.(a) | 64,700 | 334,976 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2021
| Investments | Shares | Value | ||||||
Denso Corp. | 20,800 | $ | 1,382,965 | |||||
Dentsu Group, Inc. | 7,000 | 224,887 | ||||||
East Japan Railway Co. | 9,600 | 681,035 | ||||||
Eisai Co., Ltd. | 9,000 | 604,262 | ||||||
Electric Power Development Co., Ltd.(a) | 13,100 | 229,280 | ||||||
ENEOS Holdings, Inc.(a) | 191,500 | 869,289 | ||||||
EPS Holdings, Inc. | 22,800 | 233,158 | ||||||
ESPEC Corp. | 12,700 | 212,509 | ||||||
Ezaki Glico Co., Ltd. | 4,500 | 181,018 | ||||||
FANUC Corp. | 2,400 | 568,724 | ||||||
Fast Retailing Co., Ltd. | 800 | 638,045 | ||||||
Fuji Electric Co., Ltd.(a) | 7,600 | 317,068 | ||||||
Fuji Oil Holdings, Inc.(a) | 8,800 | 235,171 | ||||||
FUJIFILM Holdings Corp. | 9,700 | 576,821 | ||||||
Fujitsu Ltd. | 5,800 | 839,819 | ||||||
Fukuoka Financial Group, Inc.(a) | 14,800 | 281,133 | ||||||
Futaba Industrial Co., Ltd. | 24,100 | 129,333 | ||||||
G-Tekt Corp. | 13,700 | 186,345 | ||||||
Gunze Ltd. | 6,200 | 233,131 | ||||||
Hakuhodo DY Holdings, Inc.(a) | 16,200 | 270,489 | ||||||
Haseko Corp.(a) | 28,300 | 396,712 | ||||||
Heiwado Co., Ltd. | 11,200 | 227,446 | ||||||
Hirose Electric Co., Ltd. | 2,100 | 323,457 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 4,100 | 267,520 | ||||||
Hitachi Capital Corp. | 10,900 | 336,055 | ||||||
Hitachi Ltd. | 25,900 | 1,172,883 | ||||||
Hokuto Corp.(a) | 15,400 | 290,858 | ||||||
Honda Motor Co., Ltd. | 52,700 | 1,582,908 | ||||||
Hoosiers Holdings(a) | 37,100 | 247,445 | ||||||
House Foods Group, Inc. | 4,400 | 144,941 | ||||||
Hoya Corp. | 3,800 | 447,231 | ||||||
Hulic Co., Ltd. | 32,700 | 386,186 | ||||||
Ichibanya Co., Ltd. | 4,900 | 213,738 | ||||||
Idec Corp. | 12,000 | 192,760 | ||||||
Idemitsu Kosan Co., Ltd.(a) | 20,051 | 517,878 | ||||||
Inabata & Co., Ltd. | 19,700 | 295,589 | ||||||
Inpex Corp. | 102,200 | 699,214 | ||||||
Intage Holdings, Inc.(a) | 23,400 | 275,506 | ||||||
Isuzu Motors Ltd. | 34,100 | 366,922 | ||||||
ITOCHU Corp.(a) | 80,100 | 2,600,169 | ||||||
Itochu Techno-Solutions Corp. | 11,600 | 374,244 | ||||||
Itoham Yonekyu Holdings, Inc. | 39,500 | 260,593 | ||||||
J-Oil Mills, Inc. | 7,000 | 126,380 | ||||||
Japan Exchange Group, Inc. | 14,500 | 340,520 | ||||||
Japan Post Insurance Co., Ltd. | 29,400 | 605,028 | ||||||
Japan Tobacco, Inc. | 147,844 | 2,843,154 | ||||||
JSP Corp.(a) | 14,700 | 247,439 | ||||||
JSR Corp. | 9,300 | 281,104 | ||||||
K’s Holdings Corp. | 15,000 | 206,471 | ||||||
Kajima Corp.(a) | 30,300 | 430,781 | ||||||
Kameda Seika Co., Ltd.(a) | 4,800 | 209,376 | ||||||
Kaneka Corp.(a) | 7,500 | 308,824 | ||||||
Kansai Electric Power Co., Inc. (The)(a) | 51,200 | 555,091 | ||||||
Kao Corp. | 10,100 | 668,428 | ||||||
KDDI Corp. | 145,100 | 4,458,050 | ||||||
Kewpie Corp. | 9,800 | 223,493 | ||||||
Keyence Corp. | 1,100 | 500,425 | ||||||
Kirin Holdings Co., Ltd. | 29,700 | 569,944 | ||||||
Kokuyo Co., Ltd. | 18,200 | 282,306 | ||||||
Komatsu Ltd. | 21,100 | 652,859 | ||||||
KOMEDA Holdings Co., Ltd. | 10,500 | 191,471 | ||||||
Konoike Transport Co., Ltd. | 20,000 | 218,824 | ||||||
Kubota Corp. | 29,100 | 663,506 | ||||||
Kuraray Co., Ltd. | 28,100 | 321,179 | ||||||
Kureha Corp. | 5,700 | 394,100 | ||||||
Kyowa Kirin Co., Ltd. | 11,400 | 341,484 | ||||||
Kyushu Electric Power Co., Inc. | 27,000 | 266,824 | ||||||
Lixil Corp.(a) | 13,900 | 386,810 | ||||||
Mabuchi Motor Co., Ltd. | 5,200 | 228,941 | ||||||
Makita Corp.(a) | 5,100 | 219,000 | ||||||
Marubeni Corp.(a) | 82,000 | 683,309 | ||||||
Marudai Food Co., Ltd. | 12,700 | 197,224 | ||||||
Marvelous, Inc. | 20,200 | 157,395 | ||||||
Matsuda Sangyo Co., Ltd. | 14,500 | 267,167 | ||||||
Mebuki Financial Group, Inc. | 113,000 | 266,905 | ||||||
Medipal Holdings Corp. | 16,500 | 317,158 | ||||||
MEIJI Holdings Co., Ltd.(a) | 5,300 | 341,502 | ||||||
Meitec Corp. | 5,800 | 320,706 | ||||||
Mie Kotsu Group Holdings, Inc. | 34,700 | 160,154 | ||||||
Mitsubishi Chemical Holdings Corp.(a) | 62,900 | 472,405 | ||||||
Mitsubishi Corp.(a) | 77,500 | 2,195,249 | ||||||
Mitsubishi Electric Corp. | 52,500 | 801,278 | ||||||
Mitsubishi Estate Co., Ltd. | 28,800 | 503,674 | ||||||
Mitsubishi Gas Chemical Co., Inc.(a) | 11,500 | 282,452 | ||||||
Mitsubishi Heavy Industries Ltd. | 14,200 | 443,220 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 756,800 | 4,052,476 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd.(a) | 76,900 | 464,880 | ||||||
Mitsui Chemicals, Inc.(a) | 11,500 | 363,733 | ||||||
Mitsui Fudosan Co., Ltd. | 28,100 | 639,180 | ||||||
Mitsui Sugar Co., Ltd. | 11,800 | 209,517 | ||||||
Mizuho Financial Group, Inc.(a) | 141,030 | 2,040,787 | ||||||
Mizuno Corp. | 12,000 | 236,090 | ||||||
Morningstar Japan K.K. | 49,100 | 212,396 | ||||||
MS&AD Insurance Group Holdings, Inc. | 44,030 | 1,294,602 | ||||||
Murata Manufacturing Co., Ltd. | 14,800 | 1,184,268 | ||||||
Nagase & Co., Ltd.(a) | 13,800 | 215,929 | ||||||
NEC Corp. | 8,800 | 519,240 | ||||||
NGK Insulators Ltd. | 13,900 | 254,603 | ||||||
NGK Spark Plug Co., Ltd.(a) | 14,000 | 242,118 | ||||||
NH Foods Ltd. | 3,300 | 141,706 | ||||||
Nichias Corp.(a) | 9,200 | 233,955 | ||||||
Nichicon Corp.(a) | 26,500 | 268,837 | ||||||
Nidec Corp. | 4,200 | 510,652 | ||||||
Nintendo Co., Ltd. | 4,400 | 2,461,213 | ||||||
Nippn Corp. | 13,500 | 202,439 | ||||||
Nippo Corp.(a) | 7,900 | 215,909 | ||||||
Nippon Electric Glass Co., Ltd. | 11,700 | 271,588 | ||||||
Nippon Express Co., Ltd. | 5,400 | 402,679 | ||||||
See Notes to Financial Statements.
| 30 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2021
| Investments | Shares | Value | ||||||
Nippon Kanzai Co., Ltd.(a) | 11,400 | $ | 224,905 | |||||
Nippon Paint Holdings Co., Ltd.(a) | 16,500 | 238,167 | ||||||
Nippon Shokubai Co., Ltd.(a) | 5,400 | 309,828 | ||||||
Nippon Signal Co., Ltd.(a) | 24,700 | 219,282 | ||||||
Nippon Soda Co., Ltd. | 9,100 | 287,824 | ||||||
Nippon Suisan Kaisha Ltd. | 30,900 | 148,767 | ||||||
Nippon Telegraph & Telephone Corp. | 165,500 | 4,256,570 | ||||||
Nisshin Seifun Group, Inc. | 10,200 | 170,769 | ||||||
Nitori Holdings Co., Ltd. | 1,900 | 368,394 | ||||||
Nitto Denko Corp.(a) | 7,100 | 607,837 | ||||||
NOF Corp. | 4,300 | 225,312 | ||||||
NOK Corp. | 2,300 | 31,243 | ||||||
Nomura Holdings, Inc. | 147,700 | 777,129 | ||||||
Nomura Real Estate Holdings, Inc.(a) | 12,000 | 289,412 | ||||||
Nomura Research Institute Ltd. | 14,800 | 458,733 | ||||||
NSK Ltd. | 24,200 | 248,570 | ||||||
NTT Data Corp.(a) | 27,900 | 432,513 | ||||||
Obayashi Corp.(a) | 31,900 | 293,018 | ||||||
Obic Co., Ltd.(a) | 2,500 | 457,692 | ||||||
Oiles Corp.(a) | 14,800 | 226,889 | ||||||
Okabe Co., Ltd. | 28,200 | 199,059 | ||||||
Olympus Corp. | 8,800 | 182,451 | ||||||
Omron Corp. | 6,200 | 484,778 | ||||||
Ono Pharmaceutical Co., Ltd. | 17,600 | 460,308 | ||||||
Oracle Corp. | 4,300 | 420,271 | ||||||
Osaka Gas Co., Ltd. | 18,300 | 357,223 | ||||||
Osaka Soda Co., Ltd. | 9,700 | 231,483 | ||||||
Otsuka Corp. | 9,000 | 421,900 | ||||||
Otsuka Holdings Co., Ltd. | 20,800 | 882,259 | ||||||
Pacific Industrial Co., Ltd. | 15,100 | 173,684 | ||||||
PAL GROUP Holdings Co., Ltd. | 19,100 | 264,462 | ||||||
Pan Pacific International Holdings Corp. | 10,800 | 255,193 | ||||||
Panasonic Corp. | 70,700 | 910,782 | ||||||
Pola Orbis Holdings, Inc. | 13,400 | 323,055 | ||||||
Qol Holdings Co., Ltd. | 14,900 | 209,814 | ||||||
Recruit Holdings Co., Ltd. | 11,500 | 562,095 | ||||||
Resona Holdings, Inc.(a) | 159,900 | 672,593 | ||||||
Ryosan Co., Ltd.(a) | 11,400 | 233,055 | ||||||
Sakata INX Corp. | 15,400 | 148,286 | ||||||
Sangetsu Corp. | 15,600 | 236,753 | ||||||
Sankyo Co., Ltd. | 7,800 | 207,035 | ||||||
Sanwa Holdings Corp. | 19,400 | 254,395 | ||||||
Sapporo Holdings Ltd. | 13,500 | 280,140 | ||||||
Sato Holdings Corp. | 11,500 | 300,041 | ||||||
SBI Holdings, Inc.(a) | 11,700 | 317,647 | ||||||
SCSK Corp. | 5,700 | 338,389 | ||||||
Secom Co., Ltd. | 5,500 | 463,543 | ||||||
Sega Sammy Holdings, Inc. | 15,300 | 239,123 | ||||||
Seikagaku Corp. | 23,000 | 215,222 | ||||||
Seiko Epson Corp.(a) | 26,900 | 438,190 | ||||||
Seino Holdings Co., Ltd. | 19,400 | 270,722 | ||||||
Sekisui House Ltd. | 23,700 | 509,175 | ||||||
Seven & I Holdings Co., Ltd. | 26,600 | 1,074,351 | ||||||
Seven Bank Ltd.(a) | 106,600 | 244,071 | ||||||
SG Holdings Co., Ltd. | 12,200 | 280,103 | ||||||
Shimano, Inc. | 1,300 | 310,294 | ||||||
Shimizu Corp.(a) | 38,100 | 308,938 | ||||||
Shin-Etsu Chemical Co., Ltd. | 6,600 | 1,111,547 | ||||||
Shionogi & Co., Ltd. | 7,800 | 420,141 | ||||||
Shiseido Co., Ltd. | 4,300 | 288,820 | ||||||
Shizuoka Bank Ltd. (The)(a) | 36,100 | 284,226 | ||||||
Shizuoka Gas Co., Ltd. | 23,700 | 213,407 | ||||||
SHO-BOND Holdings Co., Ltd. | 5,600 | 241,738 | ||||||
SMC Corp. | 600 | 349,195 | ||||||
SoftBank Corp.(a) | 486,500 | 6,333,305 | ||||||
SoftBank Group Corp. | 13,100 | 1,106,090 | ||||||
Sohgo Security Services Co., Ltd. | 5,800 | 274,516 | ||||||
Sompo Holdings, Inc.(a) | 13,900 | 533,609 | ||||||
Sony Corp. | 8,400 | 881,430 | ||||||
St. Marc Holdings Co., Ltd.(a) | 14,300 | 222,718 | ||||||
Subaru Corp.(a) | 23,800 | 474,708 | ||||||
Sumitomo Chemical Co., Ltd.(a) | 77,600 | 402,396 | ||||||
Sumitomo Corp.(a) | 69,000 | 984,733 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. | 15,500 | 270,303 | ||||||
Sumitomo Electric Industries Ltd. | 23,900 | 358,608 | ||||||
Sumitomo Forestry Co., Ltd. | 9,900 | 213,768 | ||||||
Sumitomo Metal Mining Co., Ltd. | 6,600 | 285,443 | ||||||
Sumitomo Mitsui Financial Group, Inc.(a) | 82,900 | 3,006,157 | ||||||
Sumitomo Mitsui Trust Holdings, Inc.(a) | 20,007 | 698,706 | ||||||
Sumitomo Osaka Cement Co., Ltd.(a) | 5,600 | 178,643 | ||||||
Sumitomo Realty & Development Co., Ltd. | 8,300 | 293,392 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 7,000 | 255,928 | ||||||
Sundrug Co., Ltd. | 4,800 | 175,928 | ||||||
Suntory Beverage & Food Ltd. | 8,600 | 320,262 | ||||||
Suzuken Co., Ltd. | 4,300 | 168,303 | ||||||
Suzuki Motor Corp. | 10,600 | 482,036 | ||||||
Sysmex Corp. | 3,300 | 356,131 | ||||||
T&D Holdings, Inc.(a) | 34,600 | 446,512 | ||||||
Taisei Corp. | 9,200 | 355,511 | ||||||
Takashimaya Co., Ltd. | 23,800 | 254,369 | ||||||
Takeda Pharmaceutical Co., Ltd.(a) | 79,400 | 2,863,430 | ||||||
Tamron Co., Ltd. | 10,100 | 197,064 | ||||||
Tamura Corp. | 43,500 | 201,163 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 39,500 | 224,846 | ||||||
TDK Corp. | 2,500 | 346,833 | ||||||
Terumo Corp. | 7,300 | 264,187 | ||||||
TIS, Inc. | 11,200 | 267,685 | ||||||
Toho Gas Co., Ltd.(a) | 3,600 | 222,516 | ||||||
Toho Titanium Co., Ltd. | 33,900 | 305,253 | ||||||
Tohoku Electric Power Co., Inc. | 33,900 | 320,593 | ||||||
Tokai Rika Co., Ltd. | 15,500 | 263,149 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 63,200 | 231,638 | ||||||
Tokio Marine Holdings, Inc.(a) | 27,300 | 1,300,765 | ||||||
Tokyo Electron Ltd. | 5,900 | 2,498,290 | ||||||
Tokyo Gas Co., Ltd. | 8,900 | 198,337 | ||||||
Tosoh Corp.(a) | 18,300 | 350,764 | ||||||
Toyoda Gosei Co., Ltd.(a) | 6,900 | 181,586 | ||||||
Toyota Boshoku Corp.(a) | 18,400 | 304,724 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2021
| Investments | Shares | Value | ||||||
Toyota Motor Corp.(a) | 61,310 | $ | 4,780,515 | |||||
Toyota Tsusho Corp. | 13,400 | 563,285 | ||||||
Trend Micro, Inc. | 7,400 | 371,005 | ||||||
TS Tech Co., Ltd. | 12,600 | 188,031 | ||||||
Tv Tokyo Holdings Corp. | 8,000 | 172,742 | ||||||
Unicharm Corp. | 7,400 | 311,068 | ||||||
Wacoal Holdings Corp. | 11,500 | 255,498 | ||||||
Wowow, Inc. | 6,600 | 167,957 | ||||||
Yamada Holdings Co., Ltd. | 37,600 | 203,142 | ||||||
Yamaha Motor Co., Ltd. | 24,000 | 588,814 | ||||||
Yamato Holdings Co., Ltd. | 10,300 | 282,900 | ||||||
Yokogawa Electric Corp. | 11,500 | 212,100 | ||||||
Yokohama Reito Co., Ltd. | 26,300 | 217,302 | ||||||
Yondoshi Holdings, Inc.(a) | 9,600 | 167,240 | ||||||
Yuasa Trading Co., Ltd. | 8,500 | 240,000 | ||||||
Z Holdings Corp.(a) | 96,510 | 480,891 | ||||||
Zenrin Co., Ltd. | 12,200 | 146,290 | ||||||
|
| |||||||
| Total Japan |
| 146,859,925 | ||||||
| Netherlands – 1.9% |
| |||||||
Aalberts N.V. | 5,955 | 302,353 | ||||||
Akzo Nobel N.V. | 7,443 | 833,486 | ||||||
ASM International N.V. | 3,021 | 880,544 | ||||||
ASML Holding N.V. | 5,255 | 3,193,095 | ||||||
ASR Nederland N.V. | 13,105 | 588,522 | ||||||
Euronext N.V.(b) | 2,917 | 294,495 | ||||||
Koninklijke Ahold Delhaize N.V. | 65,373 | 1,824,780 | ||||||
Koninklijke DSM N.V. | 4,816 | 816,773 | ||||||
Koninklijke KPN N.V. | 224,399 | 763,252 | ||||||
Koninklijke Vopak N.V. | 1,472 | 73,440 | ||||||
NN Group N.V. | 24,715 | 1,210,991 | ||||||
Van Lanschot Kempen N.V. | 7,478 | 209,615 | ||||||
Wolters Kluwer N.V. | 7,736 | 673,908 | ||||||
|
| |||||||
| Total Netherlands |
| 11,665,254 | ||||||
| Norway – 1.6% |
| |||||||
AF Gruppen ASA(a) | 15,901 | 328,215 | ||||||
Aker ASA, Class A | 3,954 | 303,161 | ||||||
Entra ASA(b) | 14,358 | 319,409 | ||||||
Equinor ASA | 228,879 | 4,485,694 | ||||||
Gjensidige Forsikring ASA | 31,867 | 748,859 | ||||||
Leroy Seafood Group ASA | 30,013 | 257,013 | ||||||
Orkla ASA | 49,568 | 486,833 | ||||||
SpareBank 1 SMN | 33,739 | 424,487 | ||||||
Telenor ASA | 78,780 | 1,388,930 | ||||||
TGS NOPEC Geophysical Co. ASA | 23,497 | 375,039 | ||||||
Yara International ASA | 12,450 | 648,727 | ||||||
|
| |||||||
| Total Norway |
| 9,766,367 | ||||||
| Portugal – 0.2% |
| |||||||
EDP – Energias de Portugal S.A. | 163,443 | 935,500 | ||||||
Jeronimo Martins, SGPS, S.A. | 15,683 | 264,502 | ||||||
|
| |||||||
| Total Portugal |
| 1,200,002 | ||||||
| Singapore – 2.1% |
| |||||||
CapitaLand Ltd. | 214,000 | 598,869 | ||||||
DBS Group Holdings Ltd. | 127,678 | 2,735,821 | ||||||
Genting Singapore Ltd. | 991,200 | 678,702 | ||||||
Jardine Cycle & Carriage Ltd. | 34,755 | 582,268 | ||||||
Keppel Corp., Ltd. | 75,300 | 298,151 | ||||||
Keppel Infrastructure Trust | 809,100 | 331,203 | ||||||
NetLink NBN Trust | 255,600 | 179,772 | ||||||
Olam International Ltd. | 325,600 | 416,814 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 206,712 | 1,807,730 | ||||||
Raffles Medical Group Ltd. | 322,200 | 268,580 | ||||||
Sheng Siong Group Ltd. | 236,600 | 271,185 | ||||||
Singapore Exchange Ltd.(a) | 65,200 | 483,808 | ||||||
Singapore Technologies Engineering Ltd. | 157,600 | 456,285 | ||||||
Singapore Telecommunications Ltd. | 932,600 | 1,693,617 | ||||||
United Overseas Bank Ltd. | 94,701 | 1,820,577 | ||||||
|
| |||||||
| Total Singapore |
| 12,623,382 | ||||||
| Spain – 2.7% |
| |||||||
Acciona S.A. | 1,704 | 286,187 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 33,444 | 1,110,808 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 14,380 | 285,624 | ||||||
Cie Automotive S.A.(a) | 10,180 | 267,049 | ||||||
Ebro Foods S.A. | 9,385 | 193,911 | ||||||
EDP Renovaveis S.A. | 9,715 | 208,037 | ||||||
Enagas S.A. | 22,476 | 489,225 | ||||||
Endesa S.A. | 67,128 | 1,779,882 | ||||||
Ferrovial S.A. | 27,210 | 710,913 | ||||||
Fomento de Construcciones y Contratas S.A. | 28,740 | 339,808 | ||||||
Grupo Catalana Occidente S.A. | 8,054 | 321,839 | ||||||
Iberdrola S.A. | 366,516 | 4,731,965 | ||||||
Industria de Diseno Textil S.A. | 62,185 | 2,053,716 | ||||||
Inmobiliaria Colonial Socimi S.A. | 23,746 | 230,386 | ||||||
Miquel y Costas & Miquel S.A. | 11,183 | 202,408 | ||||||
Naturgy Energy Group S.A. | 81,953 | 2,013,074 | ||||||
Prosegur Cia de Seguridad S.A. | 70,676 | 225,107 | ||||||
Red Electrica Corp. S.A. | 38,186 | 677,688 | ||||||
Zardoya Otis S.A. | 52,714 | 337,653 | ||||||
|
| |||||||
| Total Spain |
| 16,465,280 | ||||||
| Sweden – 2.1% |
| |||||||
Assa Abloy AB, Class B | 16,334 | 470,364 | ||||||
Atlas Copco AB, Class A | 20,633 | 1,258,390 | ||||||
Atlas Copco AB, Class B | 11,464 | 597,775 | ||||||
Axfood AB(a) | 15,447 | 370,035 | ||||||
BillerudKorsnas AB | 17,210 | 320,554 | ||||||
Boliden AB | 9,874 | 367,034 | ||||||
Bravida Holding AB(b) | 16,561 | 228,570 | ||||||
Castellum AB(a) | 17,982 | 397,340 | ||||||
Epiroc AB, Class A | 33,318 | 756,089 | ||||||
EQT AB | 13,796 | 455,050 | ||||||
Essity AB, Class B(a) | 24,504 | 775,633 | ||||||
Evolution Gaming Group AB(b) | 2,869 | 423,291 | ||||||
Fabege AB(a) | 13,999 | 189,115 | ||||||
See Notes to Financial Statements.
| 32 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2021
| Investments | Shares | Value | ||||||
ICA Gruppen AB | 7,457 | $ | 365,309 | |||||
Intrum AB | 8,741 | 280,793 | ||||||
Investment AB Latour, Class B | 8,975 | 232,914 | ||||||
Kinnevik AB, Class B(a) | 7,771 | 378,551 | ||||||
Lundin Energy AB | 19,442 | 612,058 | ||||||
SKF AB, Class B | 9,369 | 266,786 | ||||||
Swedish Match AB | 7,281 | 569,529 | ||||||
Tele2 AB, Class B | 55,556 | 750,834 | ||||||
Telefonaktiebolaget LM Ericsson, Class B | 74,731 | 990,692 | ||||||
Telia Co. AB | 254,182 | 1,103,187 | ||||||
Wihlborgs Fastigheter AB | 13,379 | 254,340 | ||||||
|
| |||||||
| Total Sweden |
| 12,414,233 | ||||||
| Switzerland – 11.4% |
| |||||||
ABB Ltd., Registered Shares | 73,425 | 2,228,144 | ||||||
Adecco Group AG, Registered Shares | 10,621 | 718,186 | ||||||
Allreal Holding AG, Registered Shares | 858 | 173,578 | ||||||
Baloise Holding AG, Registered Shares | 3,030 | 517,690 | ||||||
Banque Cantonale Vaudoise, Registered Shares | 5,520 | 540,768 | ||||||
BKW AG | 2,460 | 268,701 | ||||||
Bucher Industries AG, Registered Shares | 857 | 438,539 | ||||||
Cembra Money Bank AG | 1,702 | 188,257 | ||||||
Cie Financiere Richemont S.A., Registered Shares | 8,778 | 846,322 | ||||||
Coca-Cola HBC AG | 13,788 | 439,439 | ||||||
Credit Suisse Group AG, Registered Shares | 40,308 | 424,087 | ||||||
DKSH Holding AG | 2,443 | 188,322 | ||||||
EMS-Chemie Holding AG, Registered Shares | 976 | 875,253 | ||||||
Galenica AG(b) | 3,789 | 237,530 | ||||||
Geberit AG, Registered Shares | 1,023 | 653,920 | ||||||
Givaudan S.A., Registered Shares | 208 | 804,905 | ||||||
Huber + Suhner AG, Registered Shares | 2,251 | 175,077 | ||||||
Julius Baer Group Ltd. | 5,108 | 328,032 | ||||||
Kardex Holding AG, Registered Shares | 1,419 | 290,690 | ||||||
Kuehne + Nagel International AG, Registered Shares | 4,031 | 1,155,141 | ||||||
LafargeHolcim Ltd., Registered Shares* | 31,417 | 1,854,009 | ||||||
Logitech International S.A., Registered Shares | 4,410 | 464,546 | ||||||
Lonza Group AG, Registered Shares | 867 | 486,769 | ||||||
Nestle S.A., Registered Shares | 111,997 | 12,535,477 | ||||||
Novartis AG, Registered Shares | 151,501 | 13,001,897 | ||||||
Partners Group Holding AG | 1,182 | 1,515,884 | ||||||
PSP Swiss Property AG, Registered Shares | 1,731 | 211,880 | ||||||
Roche Holding AG, Bearer Shares(a) | 6,530 | 2,241,077 | ||||||
Roche Holding AG, Genusschein | 31,665 | 10,276,868 | ||||||
Schindler Holding AG, Participation Certificate | 1,761 | 519,422 | ||||||
Schindler Holding AG, Registered Shares | 892 | 256,658 | ||||||
SFS Group AG | 1,880 | 234,513 | ||||||
SGS S.A., Registered Shares | 395 | 1,125,214 | ||||||
SIG Combibloc Group AG* | 14,798 | 343,712 | ||||||
Sika AG, Registered Shares | 2,425 | 695,691 | ||||||
Stadler Rail AG(a) | 4,135 | 197,886 | ||||||
Sulzer AG, Registered Shares | 3,146 | 355,331 | ||||||
Swatch Group AG (The), Bearer Shares | 1,730 | 499,800 | ||||||
Swiss Life Holding AG, Registered Shares | 1,995 | 984,835 | ||||||
Swiss Prime Site AG, Registered Shares | 5,296 | 490,407 | ||||||
Swisscom AG, Registered Shares(a) | 3,508 | 1,889,769 | ||||||
UBS Group AG, Registered Shares | 124,498 | 1,935,959 | ||||||
VAT Group AG(b) | 1,492 | 419,786 | ||||||
Vifor Pharma AG | 2,170 | 296,627 | ||||||
Vontobel Holding AG, Registered Shares | 3,539 | 270,741 | ||||||
VZ Holding AG | 1,563 | 129,703 | ||||||
Zurich Insurance Group AG | 9,143 | 3,918,914 | ||||||
|
| |||||||
| Total Switzerland |
| 68,645,956 | ||||||
| United Kingdom – 12.4% |
| |||||||
Admiral Group PLC | 24,520 | 1,049,076 | ||||||
Airtel Africa PLC(b) | 312,068 | 341,434 | ||||||
Anglo American PLC | 45,277 | 1,775,673 | ||||||
Ashtead Group PLC | 9,321 | 556,460 | ||||||
Assura PLC | 188,641 | 187,653 | ||||||
AstraZeneca PLC | 53,730 | 5,372,296 | ||||||
Avast PLC(b) | 37,142 | 233,676 | ||||||
Aviva PLC | 99,751 | 561,791 | ||||||
BAE Systems PLC | 184,654 | 1,286,574 | ||||||
Berkeley Group Holdings PLC | 8,271 | 506,557 | ||||||
Big Yellow Group PLC | 14,307 | 220,094 | ||||||
British American Tobacco PLC | 206,849 | 7,916,709 | ||||||
Bunzl PLC | 14,528 | 465,629 | ||||||
Coca-Cola European Partners PLC | 9,614 | 499,430 | ||||||
ConvaTec Group PLC(b) | 120,197 | 325,204 | ||||||
Croda International PLC | 4,041 | 353,924 | ||||||
Daily Mail & General Trust PLC, Class A Non-Voting Shares | 18,272 | 228,906 | ||||||
DCC PLC | 3,659 | 317,540 | ||||||
Diageo PLC | 69,812 | 2,879,476 | ||||||
Direct Line Insurance Group PLC | 122,640 | 530,124 | ||||||
easyJet PLC* | 39,574 | 534,100 | ||||||
Ferrexpo PLC | 89,839 | 464,320 | ||||||
GlaxoSmithKline PLC | 477,371 | 8,483,141 | ||||||
Great Portland Estates PLC | 22,941 | 215,168 | ||||||
Hargreaves Lansdown PLC | 21,443 | 456,052 | ||||||
Hikma Pharmaceuticals PLC | 8,106 | 254,545 | ||||||
HomeServe PLC | 13,738 | 227,641 | ||||||
IMI PLC | 23,074 | 424,682 | ||||||
Intertek Group PLC | 4,215 | 325,781 | ||||||
Johnson Matthey PLC | 7,416 | 308,286 | ||||||
Jupiter Fund Management PLC | 68,019 | 261,455 | ||||||
Linde PLC | 9,220 | 2,588,783 | ||||||
London Stock Exchange Group PLC | 3,659 | 350,354 | ||||||
Londonmetric Property PLC | 65,963 | 194,396 | ||||||
Mondi PLC | 18,248 | 465,770 | ||||||
Moneysupermarket.com Group PLC | 56,468 | 207,705 | ||||||
National Grid PLC | 197,267 | 2,351,543 | ||||||
Pearson PLC | 33,729 | 359,071 | ||||||
Pennon Group PLC | 22,808 | 306,815 | ||||||
Phoenix Group Holdings PLC | 58,361 | 591,183 | ||||||
Quilter PLC(b) | 195,996 | 432,260 | ||||||
Reckitt Benckiser Group PLC | 18,831 | 1,688,254 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2021
| Investments | Shares | Value | ||||||
RELX PLC | 59,395 | $ | 1,490,622 | |||||
Rio Tinto PLC | 87,133 | 6,672,068 | ||||||
Sage Group PLC (The) | 55,302 | 467,568 | ||||||
Schroders PLC | 15,553 | 751,047 | ||||||
Segro PLC(b) | 32,499 | 420,409 | ||||||
Severn Trent PLC | 9,570 | 304,478 | ||||||
Smith & Nephew PLC | 23,483 | 446,465 | ||||||
Smiths Group PLC | 15,262 | 323,751 | ||||||
Spectris PLC | 7,005 | 321,548 | ||||||
SSE PLC | 65,485 | 1,314,588 | ||||||
Standard Life Aberdeen PLC | 253,434 | 1,013,673 | ||||||
Tate & Lyle PLC | 43,443 | 459,847 | ||||||
Tesco PLC | 321,050 | 1,013,698 | ||||||
TP ICAP Group PLC | 100,517 | 337,625 | ||||||
Unilever PLC | 127,617 | 7,141,530 | ||||||
United Utilities Group PLC | 38,963 | 497,685 | ||||||
Vodafone Group PLC | 2,270,141 | 4,130,633 | ||||||
WM Morrison Supermarkets PLC | 122,465 | 308,276 | ||||||
Workspace Group PLC | 21,331 | 235,443 | ||||||
|
| |||||||
| Total United Kingdom |
| 74,750,485 | ||||||
| TOTAL COMMON STOCKS (Cost: $491,914,171) |
| 596,838,656 | ||||||
| RIGHTS – 0.0% |
| |||||||
| Italy – 0.0% |
| |||||||
Snam SpA, expiring 4/7/21* | ||||||||
| (Cost: $0) | 201,263 | 0 | ||||||
| EXCHANGE-TRADED FUND – 0.1% |
| |||||||
| United States – 0.1% |
| |||||||
WisdomTree International Dividend ex-Financials Fund(c) | ||||||||
| (Cost: $683,512) | 15,935 | 676,441 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.8% |
| |||||||
| United States – 6.8% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(d) | ||||||||
| (Cost: $41,141,257) | 41,141,257 | 41,141,257 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 106.0% (Cost: $533,738,940) |
| 638,656,354 | ||||||
Other Assets less Liabilities – (6.0)% |
| (36,031,596 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 602,624,758 | |||||
| * | Non-income producing security. |
| ‡ | Share amount represents a fractional share. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $62,259,958 and the total market value of the collateral held by the Fund was $65,711,208. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $24,569,951. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (d) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/ (Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree International Dividend ex-Financials Fund | $ | 510,748 | $ | 8,539,381 | $ | 8,231,299 | $ | (81,320 | ) | $ | (61,069 | ) | $ | 676,441 | $ | 77,479 | ||||||||||||
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and | Amount and | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 49,711 | USD | 46,828 | CHF | $ | — | $ | (46 | ) | ||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 72,572 | USD | 8,008,405 | JPY | 98 | — | |||||||||||||||||||||
Bank of Montreal | 4/1/2021 | 75,959 | USD | 100,008 | AUD | — | (212 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/1/2021 | 15,111 | USD | 20,366 | SGD | — | (47 | ) | ||||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 36,128 | USD | 315,535 | SEK | — | (72 | ) | ||||||||||||||||||||
| $ | 98 | $ | (377 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| 34 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Equity Fund (DWM)
March 31, 2021
| FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | ||||||||||||||||
Japan | $ | 146,523,870 | $ | 336,055 | $ | — | $ | 146,859,925 | ||||||||
Other | 449,978,731 | — | — | 449,978,731 | ||||||||||||
Rights | — | 0 | — | 0 | ||||||||||||
Exchange-Traded Fund | 676,441 | — | — | 676,441 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 41,141,257 | — | 41,141,257 | ||||||||||||
Total Investments in Securities | $ | 597,179,042 | $ | 41,477,312 | $ | — | $ | 638,656,354 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 98 | $ | — | $ | 98 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (377 | ) | $ | — | $ | (377 | ) | ||||||
| Total – Net | $ | 597,179,042 | $ | 41,477,033 | $ | — | $ | 638,656,075 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 35 |
Table of Contents
Schedule of Investments
WisdomTree International High Dividend Fund (DTH)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.7% | ||||||||
| Australia – 13.6% | ||||||||
AGL Energy Ltd. | 26,518 | $ | 194,905 | |||||
Alumina Ltd. | 101,887 | 135,028 | ||||||
Ampol Ltd. | 4,620 | 86,387 | ||||||
APA Group(a) | 30,541 | 233,081 | ||||||
Aurizon Holdings Ltd. | 75,598 | 224,559 | ||||||
AusNet Services(a) | 156,423 | 218,621 | ||||||
Australia & New Zealand Banking Group Ltd. | 86,114 | 1,848,290 | ||||||
BHP Group Ltd. | 76,424 | 2,636,838 | ||||||
BHP Group PLC | 69,911 | 2,020,276 | ||||||
Coca-Cola Amatil Ltd. | 12,974 | 132,710 | ||||||
Commonwealth Bank of Australia | 41,821 | 2,742,540 | ||||||
Computershare Ltd. | 13,877 | 158,964 | ||||||
Dexus | 40,315 | 299,383 | ||||||
Dicker Data Ltd.(a) | 6,504 | 50,380 | ||||||
Fortescue Metals Group Ltd. | 269,752 | 4,107,078 | ||||||
Growthpoint Properties Australia Ltd. | 44,290 | 117,055 | ||||||
Harvey Norman Holdings Ltd.(a) | 48,500 | 211,666 | ||||||
JB Hi-Fi Ltd.(a) | 4,007 | 158,029 | ||||||
Macquarie Group Ltd. | 6,114 | 711,688 | ||||||
Magellan Financial Group Ltd. | 4,257 | 146,457 | ||||||
McPherson’s Ltd.(a) | 11,209 | 12,251 | ||||||
Medibank Pvt Ltd. | 73,281 | 156,281 | ||||||
Metcash Ltd.(a) | 27,412 | 76,832 | ||||||
Mineral Resources Ltd. | 7,376 | 213,594 | ||||||
Mirvac Group | 103,120 | 196,353 | ||||||
National Australia Bank Ltd. | 94,948 | 1,880,246 | ||||||
Nine Entertainment Co. Holdings Ltd. | 40,663 | 85,790 | ||||||
Origin Energy Ltd. | 58,513 | 209,017 | ||||||
Pendal Group Ltd. | 13,174 | 65,221 | ||||||
Platinum Asset Management Ltd.(a) | 42,200 | 160,708 | ||||||
QBE Insurance Group Ltd. | 29,553 | 216,537 | ||||||
Rio Tinto Ltd. | 18,632 | 1,571,660 | ||||||
Select Harvests Ltd.(a) | 4,562 | 21,717 | ||||||
Spark Infrastructure Group | 72,529 | 119,875 | ||||||
Stockland | 85,189 | 285,490 | ||||||
Suncorp Group Ltd. | 30,468 | 229,739 | ||||||
Telstra Corp., Ltd. | 381,044 | 986,755 | ||||||
Wesfarmers Ltd. | 30,040 | 1,205,088 | ||||||
Woodside Petroleum Ltd. | 32,558 | 595,147 | ||||||
Worley Ltd. | 14,558 | 116,314 | ||||||
|
| |||||||
| Total Australia |
| 24,838,550 | ||||||
| Austria – 0.8% | ||||||||
CA Immobilien Anlagen AG | 2,919 | 123,848 | ||||||
Oesterreichische Post AG(a) | 3,861 | 169,261 | ||||||
OMV AG | 15,819 | 804,293 | ||||||
Telekom Austria AG | 21,842 | 172,508 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 5,966 | 154,962 | ||||||
|
| |||||||
| Total Austria |
| 1,424,872 | ||||||
| Belgium – 0.7% | ||||||||
Cofinimmo S.A. | 1,358 | 198,230 | ||||||
Euronav N.V. | 16,691 | 153,110 | ||||||
Proximus SADP | 18,753 | 409,070 | ||||||
Solvay S.A.(a) | 3,138 | 391,675 | ||||||
Telenet Group Holding N.V. | 4,060 | 165,006 | ||||||
|
| |||||||
| Total Belgium |
| 1,317,091 | ||||||
| China – 2.7% | ||||||||
Beijing Enterprises Holdings Ltd. | 33,500 | 118,282 | ||||||
BOC Hong Kong Holdings Ltd. | 380,047 | 1,327,203 | ||||||
China Everbright Environment Group Ltd. | 262,000 | 177,263 | ||||||
China Jinmao Holdings Group Ltd. | 380,000 | 152,500 | ||||||
China Overseas Grand Oceans Group Ltd. | 144,000 | 94,093 | ||||||
China Overseas Land & Investment Ltd. | 314,000 | 815,852 | ||||||
China Power International Development Ltd. | 395,000 | 91,961 | ||||||
China Resources Power Holdings Co., Ltd. | 176,000 | 233,627 | ||||||
CITIC Telecom International Holdings Ltd. | 363,000 | 128,401 | ||||||
Far East Horizon Ltd.(a) | 96,000 | 115,332 | ||||||
Guangdong Investment Ltd. | 186,000 | 302,884 | ||||||
Lenovo Group Ltd. | 570,000 | 810,887 | ||||||
Shenzhen Investment Ltd. | 546,000 | 189,621 | ||||||
Shougang Fushan Resources Group Ltd. | 468,838 | 116,389 | ||||||
Yanlord Land Group Ltd. | 151,700 | 140,003 | ||||||
Yuexiu Property Co., Ltd. | 806,000 | 182,464 | ||||||
|
| |||||||
| Total China |
| 4,996,762 | ||||||
| Denmark – 0.1% | ||||||||
Scandinavian Tobacco Group A/S, Class A(b) | 6,548 | 125,932 | ||||||
| Finland – 1.9% | ||||||||
Elisa Oyj | 6,066 | 364,596 | ||||||
Fortum Oyj | 32,436 | 867,657 | ||||||
Konecranes Oyj | 2,548 | 113,797 | ||||||
Metsa Board Oyj | 11,261 | 122,954 | ||||||
Neles Oyj | 12,950 | 164,834 | ||||||
Nokian Renkaat Oyj(a) | 2,193 | 79,591 | ||||||
Orion Oyj, Class B(a) | 3,681 | 147,829 | ||||||
Sampo Oyj, Class A | 13,313 | 601,931 | ||||||
Sanoma Oyj | 7,289 | 122,676 | ||||||
UPM-Kymmene Oyj | 15,811 | 569,187 | ||||||
Valmet Oyj(a) | 5,618 | 204,754 | ||||||
Verkkokauppa.com Oyj | 4,251 | 44,066 | ||||||
|
| |||||||
| Total Finland |
| 3,403,872 | ||||||
| France – 5.5% | ||||||||
ALD S.A.(b) | 15,053 | 220,793 | ||||||
AXA S.A. | 68,492 | 1,842,211 | ||||||
Covivio | 4,599 | 394,580 | ||||||
Danone S.A. | 16,009 | 1,100,699 | ||||||
Gaztransport Et Technigaz S.A. | 966 | 77,203 | ||||||
Gecina S.A. | 2,305 | 318,044 | ||||||
Imerys S.A. | 3,063 | 149,470 | ||||||
Nexity S.A. | 3,457 | 170,971 | ||||||
Orange S.A. | 77,740 | 959,818 | ||||||
Publicis Groupe S.A. | 5,296 | 323,917 | ||||||
See Notes to Financial Statements.
| 36 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International High Dividend Fund (DTH)
March 31, 2021
| Investments | Shares | Value | ||||||
Rubis SCA | 3,308 | $ | 157,071 | |||||
Sanofi | 40,264 | 3,986,900 | ||||||
Societe BIC S.A. | 1,958 | 114,878 | ||||||
Verallia S.A.(b) | 2,525 | 91,255 | ||||||
Wendel SE(a) | 1,027 | 127,825 | ||||||
|
| |||||||
| Total France |
| 10,035,635 | ||||||
| Germany – 11.7% | ||||||||
Allianz SE, Registered Shares | 13,997 | 3,570,617 | ||||||
BASF SE | 34,151 | 2,843,351 | ||||||
Bayer AG, Registered Shares | 36,379 | 2,307,125 | ||||||
Bayerische Motoren Werke AG | 13,964 | 1,451,959 | ||||||
Continental AG | 3,508 | 464,656 | ||||||
Deutsche Telekom AG, Registered Shares | 120,793 | 2,437,590 | ||||||
DIC Asset AG | 4,779 | 83,016 | ||||||
E.ON SE | 107,098 | 1,249,156 | ||||||
Evonik Industries AG | 14,780 | 523,907 | ||||||
Hannover Rueck SE | 3,177 | 581,746 | ||||||
METRO AG | 17,762 | 188,090 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares | 3,708 | 1,144,413 | ||||||
Siemens AG, Registered Shares | 17,562 | 2,889,685 | ||||||
Siltronic AG | 811 | 131,061 | ||||||
Talanx AG | 7,840 | 333,191 | ||||||
Telefonica Deutschland Holding AG | 122,789 | 360,785 | ||||||
Traton SE | 18,598 | 502,739 | ||||||
Uniper SE | 9,493 | 344,532 | ||||||
|
| |||||||
| Total Germany |
| 21,407,619 | ||||||
| Hong Kong – 4.0% | ||||||||
Allied Group Ltd.(a) | 102,000 | 41,984 | ||||||
Bank of East Asia Ltd. (The) | 70,200 | 149,530 | ||||||
CLP Holdings Ltd. | 84,500 | 820,605 | ||||||
Hang Lung Group Ltd. | 43,000 | 108,849 | ||||||
Hang Lung Properties Ltd. | 96,000 | 249,432 | ||||||
Hang Seng Bank Ltd. | 56,718 | 1,097,963 | ||||||
Henderson Land Development Co., Ltd. | 176,220 | 791,063 | ||||||
Hutchison Port Holdings Trust | 371,323 | 83,548 | ||||||
Hysan Development Co., Ltd. | 39,000 | 152,499 | ||||||
Kowloon Development Co., Ltd. | 111,000 | 121,930 | ||||||
Link REIT | 52,900 | 481,747 | ||||||
New World Development Co., Ltd. | 75,872 | 392,318 | ||||||
PCCW Ltd. | 306,968 | 172,941 | ||||||
Power Assets Holdings Ltd. | 117,518 | 693,821 | ||||||
Sino Land Co., Ltd. | 214,000 | 297,832 | ||||||
Sun Hung Kai Properties Ltd. | 78,000 | 1,181,871 | ||||||
Swire Properties Ltd. | 139,200 | 430,610 | ||||||
|
| |||||||
| Total Hong Kong |
| 7,268,543 | ||||||
| Israel – 0.3% | ||||||||
Atreyu Capital Markets Ltd. | 1,623 | 24,116 | ||||||
Bank Hapoalim BM* | 29,277 | 228,091 | ||||||
Delek Group Ltd.* | 0 | ‡ | 9 | |||||
Electra Consumer Products 1970 Ltd. | 2,741 | 118,692 | ||||||
ICL Group Ltd. | 25,378 | 148,933 | ||||||
Oil Refineries Ltd.* | 180,161 | 41,924 | ||||||
OPC Energy Ltd.* | 4,497 | 45,918 | ||||||
YD More Investments Ltd. | 8,352 | 32,559 | ||||||
|
| |||||||
| Total Israel |
| 640,242 | ||||||
| Italy – 3.9% | ||||||||
A2A SpA | 123,605 | 225,463 | ||||||
ACEA SpA | 5,782 | 126,670 | ||||||
Assicurazioni Generali SpA | 35,818 | 718,173 | ||||||
Azimut Holding SpA | 6,790 | 155,097 | ||||||
Enav SpA(b) | 27,907 | 136,051 | ||||||
Enel SpA | 253,563 | 2,531,020 | ||||||
ERG SpA | 4,273 | 127,259 | ||||||
Iren SpA | 53,224 | 147,377 | ||||||
Italgas SpA | 36,869 | 239,843 | ||||||
Mediobanca Banca di Credito Finanziario SpA* | 38,590 | 428,875 | ||||||
Poste Italiane SpA(b) | 45,534 | 580,114 | ||||||
Snam SpA | 104,284 | 579,487 | ||||||
Telecom Italia SpA, RSP | 317,895 | 183,224 | ||||||
Terna Rete Elettrica Nazionale SpA | 52,216 | 395,096 | ||||||
UnipolSai Assicurazioni SpA | 186,127 | 560,888 | ||||||
|
| |||||||
| Total Italy |
| 7,134,637 | ||||||
| Japan – 19.8% | ||||||||
AEON Financial Service Co., Ltd. | 7,400 | 99,448 | ||||||
AGC, Inc. | 5,000 | 209,502 | ||||||
Amada Co., Ltd.(a) | 12,000 | 134,009 | ||||||
Arakawa Chemical Industries Ltd. | 5,900 | 70,480 | ||||||
Asahi Holdings, Inc.(a) | 3,400 | 65,169 | ||||||
Asahi Kasei Corp.(a) | 28,300 | 326,410 | ||||||
Avex, Inc.(a) | 5,900 | 72,989 | ||||||
Bank of Saga Ltd. (The) | 5,600 | 74,802 | ||||||
Baroque Japan Ltd. | 8,700 | 61,963 | ||||||
BeNEXT Group, Inc.(a) | 2,900 | 46,216 | ||||||
Bridgestone Corp. | 15,600 | 631,765 | ||||||
Canon, Inc. | 46,700 | 1,057,618 | ||||||
Chiyoda Co., Ltd. | 8,000 | 71,747 | ||||||
Chubu Electric Power Co., Inc.(a) | 17,300 | 223,100 | ||||||
Chugoku Electric Power Co., Inc. (The)(a) | 11,400 | 140,204 | ||||||
Concordia Financial Group Ltd.(a) | 46,300 | 188,133 | ||||||
Dai-ichi Life Holdings, Inc. | 25,700 | 442,366 | ||||||
Daido Metal Co., Ltd. | 11,600 | 61,727 | ||||||
Daiken Corp. | 2,800 | 55,848 | ||||||
Daito Trust Construction Co., Ltd. | 2,300 | 267,050 | ||||||
Daiwa House Industry Co., Ltd.(a) | 13,400 | 393,026 | ||||||
Daiwa Securities Group, Inc.(a) | 40,300 | 208,648 | ||||||
Electric Power Development Co., Ltd.(a) | 5,100 | 89,262 | ||||||
ENEOS Holdings, Inc.(a) | 103,600 | 470,278 | ||||||
FAN Communications, Inc. | 15,200 | 56,673 | ||||||
Feed One Co., Ltd. | 6,300 | 52,167 | ||||||
FJ Next Co., Ltd.(a) | 7,700 | 78,185 | ||||||
Forum Engineering, Inc. | 3,900 | 37,447 | ||||||
Fudo Tetra Corp. | 4,400 | 76,691 | ||||||
Fukuoka Financial Group, Inc.(a) | 7,500 | 142,466 | ||||||
Hakuto Co., Ltd. | 6,300 | 72,977 | ||||||
Happinet Corp.(a) | 5,000 | 69,457 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International High Dividend Fund (DTH)
March 31, 2021
| Investments | Shares | Value | ||||||
Haseko Corp.(a) | 15,400 | $ | 215,879 | |||||
Hinokiya Group Co., Ltd. | 2,100 | 47,739 | ||||||
Honeys Holdings Co., Ltd. | 2,500 | 24,480 | ||||||
Hulic Co., Ltd. | 16,000 | 188,959 | ||||||
Idemitsu Kosan Co., Ltd.(a) | 10,900 | 281,526 | ||||||
Inpex Corp. | 45,500 | 311,294 | ||||||
ITOCHU Corp.(a) | 43,800 | 1,421,815 | ||||||
Japan Post Insurance Co., Ltd. | 14,100 | 290,166 | ||||||
Japan Tobacco, Inc. | 81,000 | 1,557,692 | ||||||
JTEKT Corp. | 15,500 | 158,507 | ||||||
Kajima Corp.(a) | 14,500 | 206,149 | ||||||
Kansai Electric Power Co., Inc. (The)(a) | 25,700 | 278,630 | ||||||
KDDI Corp.(a) | 78,800 | 2,421,050 | ||||||
Kuraray Co., Ltd. | 14,400 | 164,590 | ||||||
KYORIN Holdings, Inc. | 4,600 | 80,261 | ||||||
Kyosan Electric Manufacturing Co., Ltd.(a) | 13,000 | 48,471 | ||||||
Lixil Corp.(a) | 6,400 | 178,100 | ||||||
Maeda Road Construction Co., Ltd. | 4,900 | 95,029 | ||||||
Marubeni Corp.(a) | 45,100 | 375,820 | ||||||
Matsui Securities Co., Ltd.(a) | 14,200 | 115,785 | ||||||
Mebuki Financial Group, Inc. | 46,800 | 110,541 | ||||||
Mitsubishi Chemical Holdings Corp.(a) | 33,700 | 253,101 | ||||||
Mitsubishi Corp.(a) | 46,876 | 1,327,800 | ||||||
Mitsubishi Gas Chemical Co., Inc.(a) | 5,900 | 144,910 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 435,800 | 2,333,601 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd.(a) | 34,600 | 209,166 | ||||||
Mitsui Chemicals, Inc.(a) | 4,300 | 136,005 | ||||||
Mizuho Financial Group, Inc.(a) | 78,260 | 1,132,468 | ||||||
Moriroku Holdings Co., Ltd. | 3,700 | 75,607 | ||||||
MS&AD Insurance Group Holdings, Inc.(a) | 24,900 | 732,128 | ||||||
Nikko Co., Ltd. | 10,600 | 70,123 | ||||||
Nippon Air Conditioning Services Co., Ltd. | 9,400 | 63,546 | ||||||
Nippon Telegraph & Telephone Corp. | 90,000 | 2,314,751 | ||||||
Nomura Holdings, Inc. | 80,700 | 424,606 | ||||||
Nomura Real Estate Holdings, Inc.(a) | 6,300 | 151,941 | ||||||
Onward Holdings Co., Ltd. | 22,700 | 64,094 | ||||||
Pola Orbis Holdings, Inc. | 5,600 | 135,008 | ||||||
PS Mitsubishi Construction Co., Ltd. | 11,900 | 72,477 | ||||||
Resona Holdings, Inc.(a) | 84,600 | 355,856 | ||||||
Riken Corp.(a) | 2,300 | 52,036 | ||||||
SBI Holdings, Inc.(a) | 6,000 | 162,896 | ||||||
Seiko Epson Corp.(a) | 8,200 | 133,575 | ||||||
Sekisui House Ltd. | 18,600 | 399,605 | ||||||
Seven Bank Ltd.(a) | 68,100 | 155,921 | ||||||
Shimizu Corp.(a) | 26,600 | 215,689 | ||||||
Shinagawa Refractories Co., Ltd.(a) | 3,200 | 83,519 | ||||||
SoftBank Corp.(a) | 266,200 | 3,465,418 | ||||||
Sojitz Corp.(a) | 64,500 | 182,118 | ||||||
Sompo Holdings, Inc.(a) | 7,900 | 303,274 | ||||||
Sumitomo Chemical Co., Ltd.(a) | 35,600 | 184,604 | ||||||
Sumitomo Corp.(a) | 42,100 | 600,830 | ||||||
Sumitomo Mitsui Financial Group, Inc.(a) | 49,300 | 1,787,738 | ||||||
Sumitomo Mitsui Trust Holdings, Inc.(a) | 12,600 | 440,031 | ||||||
T&D Holdings, Inc.(a) | 16,100 | 207,770 | ||||||
Taisei Corp.(a) | 5,900 | 227,991 | ||||||
Takeda Pharmaceutical Co., Ltd.(a) | 44,300 | 1,597,606 | ||||||
Technoflex Corp. | 1,500 | 14,050 | ||||||
Teikoku Electric Manufacturing Co., Ltd.(a) | 6,700 | 80,157 | ||||||
Tohoku Electric Power Co., Inc.(a) | 16,600 | 156,986 | ||||||
Tokio Marine Holdings, Inc.(a) | 15,400 | 733,765 | ||||||
Tokyo Individualized Educational Institute, Inc.(a) | 7,500 | 41,946 | ||||||
Tosoh Corp.(a) | 9,600 | 184,007 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 4,300 | 79,034 | ||||||
Toyo Kanetsu K.K. | 1,500 | 36,855 | ||||||
Xebio Holdings Co., Ltd.(a) | 9,800 | 83,012 | ||||||
YAMADA Consulting Group Co., Ltd. | 5,000 | 54,208 | ||||||
|
| |||||||
| Total Japan |
| 36,282,135 | ||||||
| Netherlands – 1.4% | ||||||||
ASR Nederland N.V. | 6,657 | 298,954 | ||||||
ForFarmers N.V. | 10,184 | 70,379 | ||||||
Koninklijke Ahold Delhaize N.V. | 34,166 | 953,688 | ||||||
Koninklijke KPN N.V. | 115,090 | 391,458 | ||||||
NN Group N.V. | 12,893 | 631,734 | ||||||
SBM Offshore N.V.(a) | 6,132 | 112,572 | ||||||
Van Lanschot Kempen N.V. | 3,238 | 90,764 | ||||||
|
| |||||||
| Total Netherlands |
| 2,549,549 | ||||||
| Norway – 2.4% | ||||||||
AF Gruppen ASA(a) | 8,829 | 182,240 | ||||||
Equinor ASA | 121,906 | 2,389,180 | ||||||
Gjensidige Forsikring ASA | 18,724 | 440,005 | ||||||
SpareBank 1 SMN | 14,017 | 176,355 | ||||||
Telenor ASA | 45,096 | 795,064 | ||||||
TGS NOPEC Geophysical Co. ASA | 7,620 | 121,624 | ||||||
Yara International ASA | 7,177 | 373,969 | ||||||
|
| |||||||
| Total Norway |
| 4,478,437 | ||||||
| Portugal – 0.4% | ||||||||
Altri, SGPS, S.A. | 18,204 | 139,603 | ||||||
EDP – Energias de Portugal S.A. | 74,932 | 428,889 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 39,021 | 109,150 | ||||||
|
| |||||||
| Total Portugal |
| 677,642 | ||||||
| Singapore – 3.6% | ||||||||
CapitaLand Ltd. | 140,900 | 394,302 | ||||||
DBS Group Holdings Ltd. | 74,595 | 1,598,385 | ||||||
Genting Singapore Ltd. | 383,100 | 262,319 | ||||||
Jardine Cycle & Carriage Ltd. | 11,500 | 192,665 | ||||||
Keppel Corp., Ltd. | 33,300 | 131,852 | ||||||
Keppel Infrastructure Trust | 294,821 | 120,684 | ||||||
NetLink NBN Trust | 116,100 | 81,657 | ||||||
Olam International Ltd. | 113,200 | 144,912 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 126,112 | 1,102,870 | ||||||
Singapore Exchange Ltd. | 30,200 | 224,095 | ||||||
Singapore Technologies Engineering Ltd. | 73,400 | 212,508 | ||||||
Singapore Telecommunications Ltd. | 474,800 | 862,245 | ||||||
StarHub Ltd. | 105,100 | 100,125 | ||||||
United Overseas Bank Ltd. | 50,700 | 974,681 | ||||||
Venture Corp., Ltd. | 7,500 | 111,975 | ||||||
|
| |||||||
| Total Singapore |
| 6,515,275 | ||||||
See Notes to Financial Statements.
| 38 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International High Dividend Fund (DTH)
March 31, 2021
| Investments | Shares | Value | ||||||
| Spain – 3.6% | ||||||||
ACS Actividades de Construccion y Servicios S.A. | 16,914 | $ | 561,781 | |||||
Cia de Distribucion Integral Logista Holdings S.A. | 9,423 | 187,165 | ||||||
Cie Automotive S.A.(a) | 4,062 | 106,557 | ||||||
ContourGlobal PLC(b) | 39,004 | 109,780 | ||||||
Enagas S.A. | 11,858 | 258,108 | ||||||
Endesa S.A. | 36,068 | 956,334 | ||||||
Fomento de Construcciones y Contratas S.A. | 14,666 | 173,404 | ||||||
Iberdrola S.A. | 197,864 | 2,554,556 | ||||||
Naturgy Energy Group S.A.(a) | 43,611 | 1,071,250 | ||||||
Prosegur Cash S.A.(a)(b) | 96,850 | 88,444 | ||||||
Red Electrica Corp. S.A. | 18,811 | 333,839 | ||||||
Zardoya Otis S.A. | 30,385 | 194,627 | ||||||
|
| |||||||
| Total Spain |
| 6,595,845 | ||||||
| Sweden – 0.9% | ||||||||
Axfood AB(a) | 7,428 | 177,939 | ||||||
Intrum AB(a) | 4,033 | 129,555 | ||||||
Lundin Energy AB | 9,620 | 302,850 | ||||||
Tele2 AB, Class B | 30,555 | 412,948 | ||||||
Telia Co. AB | 135,985 | 590,194 | ||||||
|
| |||||||
| Total Sweden |
| 1,613,486 | ||||||
| Switzerland – 8.8% | ||||||||
ABB Ltd., Registered Shares | 39,163 | 1,188,435 | ||||||
Adecco Group AG, Registered Shares | 5,321 | 359,803 | ||||||
Allreal Holding AG, Registered Shares | 727 | 147,076 | ||||||
Baloise Holding AG, Registered Shares | 1,381 | 235,950 | ||||||
Banque Cantonale Vaudoise, Registered Shares | 3,014 | 295,267 | ||||||
Cembra Money Bank AG | 689 | 76,210 | ||||||
LafargeHolcim Ltd., Registered Shares* | 16,107 | 950,521 | ||||||
Mobilezone Holding AG, Registered Shares | 4,427 | 57,951 | ||||||
Novartis AG, Registered Shares | 82,953 | 7,119,071 | ||||||
OC Oerlikon Corp. AG, Registered Shares | 14,170 | 164,563 | ||||||
Sulzer AG, Registered Shares | 1,521 | 171,792 | ||||||
Swiss Life Holding AG, Registered Shares | 1,113 | 549,434 | ||||||
Swiss Prime Site AG, Registered Shares | 3,549 | 328,636 | ||||||
Swisscom AG, Registered Shares(a) | 1,885 | 1,015,455 | ||||||
UBS Group AG, Registered Shares | 67,780 | 1,053,987 | ||||||
Vontobel Holding AG, Registered Shares | 1,461 | 111,770 | ||||||
Zurich Insurance Group AG | 5,156 | 2,209,988 | ||||||
|
| |||||||
| Total Switzerland |
| 16,035,909 | ||||||
| United Kingdom – 12.6% | ||||||||
Admiral Group PLC | 12,634 | 540,539 | ||||||
Airtel Africa PLC(b) | 148,770 | 162,770 | ||||||
Ashmore Group PLC | 30,221 | 163,198 | ||||||
BAE Systems PLC | 106,385 | 741,236 | ||||||
Berkeley Group Holdings PLC | 3,808 | 233,221 | ||||||
British American Tobacco PLC | 111,336 | 4,261,150 | ||||||
CMC Markets PLC(b) | 14,061 | 93,702 | ||||||
Direct Line Insurance Group PLC | 63,686 | 275,289 | ||||||
Diversified Gas & Oil PLC | 38,617 | 59,141 | ||||||
Drax Group PLC | 17,023 | 98,644 | ||||||
easyJet PLC* | 20,214 | 272,813 | ||||||
Ferrexpo PLC | 43,026 | 222,374 | ||||||
GlaxoSmithKline PLC | 260,777 | 4,634,149 | ||||||
Hargreaves Lansdown PLC | 10,200 | 216,934 | ||||||
National Grid PLC | 104,550 | 1,246,300 | ||||||
PayPoint PLC | 8,225 | 66,953 | ||||||
Pearson PLC | 18,424 | 196,138 | ||||||
Pennon Group PLC | 10,805 | 145,350 | ||||||
Phoenix Group Holdings PLC | 30,311 | 307,043 | ||||||
Rio Tinto PLC | 47,000 | 3,598,949 | ||||||
Schroders PLC | 6,853 | 330,928 | ||||||
Severn Trent PLC | 5,645 | 179,601 | ||||||
SSE PLC | 35,079 | 704,198 | ||||||
Standard Life Aberdeen PLC | 129,155 | 516,588 | ||||||
Tate & Lyle PLC | 24,888 | 263,441 | ||||||
Tesco PLC | 180,891 | 571,153 | ||||||
TORM PLC | 5,346 | 48,831 | ||||||
TP ICAP Group PLC | 47,901 | 160,894 | ||||||
United Utilities Group PLC | 19,701 | 251,646 | ||||||
Vodafone Group PLC | 1,227,455 | 2,233,414 | ||||||
WM Morrison Supermarkets PLC | 61,700 | 155,315 | ||||||
Workspace Group PLC | 9,783 | 107,981 | ||||||
|
| |||||||
| Total United Kingdom |
| 23,059,883 | ||||||
TOTAL COMMON STOCKS (Cost: $165,718,888) |
| 180,401,916 | ||||||
| RIGHTS – 0.0% |
| |||||||
| Australia – 0.0% |
| |||||||
Computershare Ltd., expiring 4/19/21* | 1,577 | 1,826 | ||||||
| Italy – 0.0% | ||||||||
Snam SpA, expiring 4/7/21* | 104,284 | 0 | ||||||
TOTAL RIGHTS (Cost: $0) |
| 1,826 | ||||||
| EXCHANGE-TRADED FUND – 0.3% | ||||||||
| United States – 0.3% |
| |||||||
WisdomTree International LargeCap Dividend Fund(c) | ||||||||
| (Cost: $544,516) | 11,585 | 548,318 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.0% |
| |||||||
| United States – 11.0% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $20,043,588) | 20,043,588 | 20,043,588 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 110.0% (Cost: $186,306,992) |
| 200,995,648 | ||||||
Other Assets less Liabilities – (10.0)% | (18,310,616 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 182,685,032 | ||||||
| * | Non-income producing security. |
| ‡ | Share amount represents a fractional share. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $26,428,911 and the total market value of the collateral held by the Fund was $27,830,863. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,787,275. |
See Notes to Financial Statements.
| WisdomTree Trust | 39 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International High Dividend Fund (DTH)
March 31, 2021
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (d) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree International LargeCap Dividend Fund | $ | 94,319 | $ | 3,347,940 | $ | 2,878,562 | $ | (6,112 | ) | $ | (9,267 | ) | $ | 548,318 | $ | 27,295 | ||||||||||||
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 25,718 | USD | 24,227 | CHF | $ | — | $ | (24 | ) | ||||||||||||||||||
Bank of America N.A. | 4/1/2021 | 16,734 | USD | 1,846,651 | JPY | 22 | — | |||||||||||||||||||||
Bank of Montreal | 4/1/2021 | 36,650 | USD | 48,253 | AUD | — | (102 | ) | ||||||||||||||||||||
Bank of Montreal | 4/1/2021 | 5,202 | USD | 3,787 | GBP | — | (23 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/1/2021 | 5,870 | USD | 7,912 | SGD | — | (18 | ) | ||||||||||||||||||||
State Street Bank and Trust | 4/1/2021 | 5,669 | USD | 49,508 | SEK | — | (11 | ) | ||||||||||||||||||||
| $ | 22 | $ | (178 | ) | ||||||||||||||||||||||||
| FAIR VALUATION SUMMARY | ||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted Prices in | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: |
| |||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks | $ | 180,401,916 | $ | — | $ | — | $ | 180,401,916 | ||||||||
Rights | ||||||||||||||||
Australia | 1,826 | — | — | 1,826 | ||||||||||||
Italy | — | 0 | — | 0 | ||||||||||||
Exchange-Traded Fund | 548,318 | — | — | 548,318 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 20,043,588 | — | 20,043,588 | ||||||||||||
Total Investments in Securities | $ | 180,952,060 | $ | 20,043,588 | $ | — | $ | 200,995,648 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 22 | $ | — | $ | 22 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (178) | $ | — | $ | (178) | ||||||||
Total – Net | $ | 180,952,060 | $ | 20,043,432 | $ | — | $ | 200,995,492 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| 40 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.2% | ||||||||
| Australia – 9.8% | ||||||||
ASX Ltd. | 6,658 | $ | 360,299 | |||||
Australia & New Zealand Banking Group Ltd. | 127,419 | 2,734,832 | ||||||
BHP Group Ltd. | 114,174 | 3,939,316 | ||||||
BHP Group PLC | 104,080 | 3,007,686 | ||||||
Brambles Ltd. | 32,046 | 258,235 | ||||||
Coles Group Ltd. | 52,094 | 635,235 | ||||||
Commonwealth Bank of Australia | 61,681 | 4,044,921 | ||||||
CSL Ltd. | 3,597 | 725,050 | ||||||
Fortescue Metals Group Ltd. | 398,627 | 6,069,249 | ||||||
Goodman Group | 37,145 | 512,642 | ||||||
Macquarie Group Ltd. | 8,907 | 1,036,801 | ||||||
National Australia Bank Ltd. | 138,701 | 2,746,682 | ||||||
Newcrest Mining Ltd. | 8,816 | 163,973 | ||||||
Rio Tinto Ltd. | 27,642 | 2,331,678 | ||||||
Sonic Healthcare Ltd. | 8,830 | 235,993 | ||||||
Telstra Corp., Ltd. | 559,503 | 1,448,895 | ||||||
Transurban Group(a) | 72,442 | 734,937 | ||||||
Wesfarmers Ltd. | 44,778 | 1,796,319 | ||||||
Woodside Petroleum Ltd. | 49,063 | 896,852 | ||||||
Woolworths Group Ltd. | 24,720 | 769,500 | ||||||
|
| |||||||
| Total Australia |
| 34,449,095 | ||||||
| Belgium – 0.1% | ||||||||
UCB S.A. | 2,144 | 204,409 | ||||||
| China – 1.2% | ||||||||
BOC Hong Kong Holdings Ltd. | 557,134 | 1,945,628 | ||||||
China Overseas Land & Investment Ltd. | 462,500 | 1,201,693 | ||||||
CSPC Pharmaceutical Group Ltd. | 234,000 | 282,927 | ||||||
Wilmar International Ltd. | 162,300 | 654,708 | ||||||
|
| |||||||
| Total China |
| 4,084,956 | ||||||
| Denmark – 1.6% | ||||||||
AP Moller – Maersk A/S, Class B(a) | 129 | 300,384 | ||||||
Carlsberg A/S, Class B | 2,372 | 365,324 | ||||||
Coloplast A/S, Class B | 4,462 | 672,549 | ||||||
Novo Nordisk A/S, Class B | 44,876 | 3,047,663 | ||||||
Novozymes A/S, Class B | 3,795 | 243,666 | ||||||
Orsted A/S(b) | 3,798 | 614,899 | ||||||
Vestas Wind Systems A/S | 1,363 | 280,443 | ||||||
|
| |||||||
| Total Denmark |
| 5,524,928 | ||||||
| Finland – 1.4% | ||||||||
Fortum Oyj | 48,024 | 1,284,633 | ||||||
Kone Oyj, Class B | 13,513 | 1,106,328 | ||||||
Neste Oyj | 17,584 | 935,364 | ||||||
Sampo Oyj, Class A | 19,606 | 886,461 | ||||||
UPM-Kymmene Oyj | 23,147 | 833,279 | ||||||
|
| |||||||
| Total Finland |
| 5,046,065 | ||||||
| France – 8.2% | ||||||||
Air Liquide S.A. | 12,097 | 1,980,511 | ||||||
AXA S.A. | 101,685 | 2,734,994 | ||||||
Capgemini SE | 2,045 | 348,746 | ||||||
Carrefour S.A. | 11,053 | 200,640 | ||||||
Cie Generale des Etablissements Michelin SCA | 3,110 | 466,584 | ||||||
Danone S.A. | 23,966 | 1,647,783 | ||||||
Dassault Systemes SE | 1,105 | 236,884 | ||||||
Hermes International | 716 | 794,390 | ||||||
Kering S.A. | 1,552 | 1,073,645 | ||||||
L’Oreal S.A. | 9,190 | 3,529,767 | ||||||
Legrand S.A. | 4,647 | 433,215 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 4,826 | 3,222,260 | ||||||
Orange S.A. | 115,965 | 1,431,764 | ||||||
Pernod Ricard S.A. | 4,800 | 902,912 | ||||||
Sanofi | 59,521 | 5,893,709 | ||||||
Schneider Electric SE | 17,190 | 2,631,492 | ||||||
Suez S.A. | 14,356 | 304,719 | ||||||
Teleperformance | 435 | 158,898 | ||||||
Veolia Environnement S.A. | 13,843 | 355,655 | ||||||
Vivendi SE | 22,718 | 747,613 | ||||||
|
| |||||||
| Total France |
| 29,096,181 | ||||||
| Germany – 13.0% | ||||||||
Allianz SE, Registered Shares | 20,847 | 5,318,044 | ||||||
BASF SE | 51,226 | 4,264,985 | ||||||
Bayer AG, Registered Shares | 53,384 | 3,385,568 | ||||||
Bayerische Motoren Werke AG | 20,377 | 2,118,775 | ||||||
Beiersdorf AG | 1,436 | 152,064 | ||||||
Continental AG | 5,408 | 716,323 | ||||||
Daimler AG, Registered Shares | 17,695 | 1,580,774 | ||||||
Deutsche Boerse AG | 3,282 | 546,584 | ||||||
Deutsche Post AG, Registered Shares | 44,277 | 2,431,250 | ||||||
Deutsche Telekom AG, Registered Shares | 176,503 | 3,561,811 | ||||||
Deutsche Wohnen SE, Bearer Shares | 9,099 | 425,409 | ||||||
E.ON SE | 158,909 | 1,853,462 | ||||||
Evonik Industries AG | 20,949 | 742,580 | ||||||
Fresenius Medical Care AG & Co. KGaA | 6,425 | 473,617 | ||||||
Fresenius SE & Co. KGaA | 11,358 | 506,997 | ||||||
Hannover Rueck SE | 4,130 | 756,251 | ||||||
Henkel AG & Co. KGaA | 4,643 | 460,837 | ||||||
Infineon Technologies AG | 11,895 | 505,454 | ||||||
Knorr-Bremse AG | 3,460 | 432,761 | ||||||
Merck KGaA | 1,158 | 198,433 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares | 5,614 | 1,732,669 | ||||||
RWE AG | 12,746 | 500,644 | ||||||
SAP SE | 25,073 | 3,077,078 | ||||||
Siemens AG, Registered Shares | 26,260 | 4,320,871 | ||||||
Siemens Healthineers AG(b) | 17,477 | 948,981 | ||||||
Symrise AG | 1,414 | 171,838 | ||||||
Uniper SE | 12,913 | 468,655 | ||||||
Volkswagen AG | 8,415 | 3,058,033 | ||||||
Vonovia SE | 18,986 | 1,242,903 | ||||||
|
| |||||||
| Total Germany |
| 45,953,651 | ||||||
| Hong Kong – 4.1% | ||||||||
AIA Group Ltd. | 242,404 | 2,940,233 | ||||||
CLP Holdings Ltd. | 126,000 | 1,223,623 | ||||||
Hang Lung Properties Ltd. | 145,000 | 376,747 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 41 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2021
| Investments | Shares | Value | ||||||
Hang Seng Bank Ltd. | 83,218 | $ | 1,610,958 | |||||
Henderson Land Development Co., Ltd. | 243,219 | 1,091,825 | ||||||
Hong Kong & China Gas Co., Ltd. | 423,215 | 669,571 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 27,024 | 1,589,923 | ||||||
Link REIT | 75,800 | 690,292 | ||||||
MTR Corp., Ltd. | 155,938 | 883,544 | ||||||
New World Development Co., Ltd. | 108,750 | 562,323 | ||||||
Sun Hung Kai Properties Ltd. | 117,442 | 1,779,504 | ||||||
Swire Properties Ltd. | 200,080 | 618,941 | ||||||
Techtronic Industries Co., Ltd. | 24,000 | 410,576 | ||||||
|
| |||||||
| Total Hong Kong |
| 14,448,060 | ||||||
| Ireland – 0.3% | ||||||||
CRH PLC | 17,970 | 844,171 | ||||||
Kerry Group PLC, Class A | 1,152 | 144,466 | ||||||
|
| |||||||
| Total Ireland |
| 988,637 | ||||||
| Italy – 2.1% | ||||||||
Assicurazioni Generali SpA | 54,166 | 1,086,061 | ||||||
Enel SpA | 380,176 | 3,794,848 | ||||||
Ferrari N.V. | 1,832 | 384,014 | ||||||
Poste Italiane SpA(b) | 69,347 | 883,498 | ||||||
Snam SpA | 155,386 | 863,451 | ||||||
Terna Rete Elettrica Nazionale SpA | 67,995 | 514,490 | ||||||
|
| |||||||
| Total Italy |
| 7,526,362 | ||||||
| Japan – 20.8% | ||||||||
Aeon Co., Ltd. | 9,145 | 273,026 | ||||||
Ajinomoto Co., Inc. | 7,000 | 143,516 | ||||||
Asahi Group Holdings Ltd. | 11,935 | 503,862 | ||||||
Asahi Kasei Corp.(a) | 37,800 | 435,983 | ||||||
Astellas Pharma, Inc. | 40,500 | 623,810 | ||||||
Bandai Namco Holdings, Inc. | 3,200 | 228,576 | ||||||
Bridgestone Corp. | 21,855 | 885,078 | ||||||
Canon, Inc. | 68,536 | 1,552,139 | ||||||
Central Japan Railway Co. | 1,900 | 284,570 | ||||||
Chugai Pharmaceutical Co., Ltd. | 26,700 | 1,084,672 | ||||||
Dai-ichi Life Holdings, Inc. | 36,400 | 626,541 | ||||||
Daiichi Sankyo Co., Ltd. | 24,200 | 706,290 | ||||||
Daikin Industries Ltd. | 2,900 | 585,774 | ||||||
Daiwa House Industry Co., Ltd.(a) | 18,400 | 539,678 | ||||||
Denso Corp. | 18,100 | 1,203,445 | ||||||
East Japan Railway Co.(a) | 7,200 | 510,776 | ||||||
Eisai Co., Ltd. | 6,900 | 463,268 | ||||||
ENEOS Holdings, Inc.(a) | 154,100 | 699,516 | ||||||
FANUC Corp. | 1,775 | 420,619 | ||||||
Fast Retailing Co., Ltd. | 600 | 478,534 | ||||||
FUJIFILM Holdings Corp. | 7,400 | 440,049 | ||||||
Fujitsu Ltd. | 3,900 | 564,706 | ||||||
Hitachi Ltd.(a) | 20,900 | 946,458 | ||||||
Honda Motor Co., Ltd. | 44,400 | 1,333,607 | ||||||
Hoya Corp. | 2,200 | 258,923 | ||||||
ITOCHU Corp.(a) | 64,400 | 2,090,523 | ||||||
Japan Exchange Group, Inc. | 8,200 | 192,570 | ||||||
Japan Tobacco, Inc. | 121,209 | 2,330,942 | ||||||
Kao Corp. | 10,100 | 668,428 | ||||||
KDDI Corp.(a) | 117,880 | 3,621,743 | ||||||
Keyence Corp. | 800 | 363,946 | ||||||
Kirin Holdings Co., Ltd. | 24,900 | 477,832 | ||||||
Komatsu Ltd. | 19,367 | 599,238 | ||||||
Kubota Corp. | 19,800 | 451,458 | ||||||
Kyowa Kirin Co., Ltd. | 7,300 | 218,670 | ||||||
MEIJI Holdings Co., Ltd.(a) | 3,900 | 251,294 | ||||||
Mitsubishi Corp.(a) | 68,005 | 1,926,296 | ||||||
Mitsubishi Electric Corp. | 45,581 | 695,677 | ||||||
Mitsubishi Estate Co., Ltd. | 21,500 | 376,007 | ||||||
Mitsubishi UFJ Financial Group, Inc.(a) | 639,700 | 3,425,434 | ||||||
Mitsui Fudosan Co., Ltd. | 19,500 | 443,559 | ||||||
Mizuho Financial Group, Inc.(a) | 115,714 | 1,674,450 | ||||||
MS&AD Insurance Group Holdings, Inc. | 36,700 | 1,079,080 | ||||||
Murata Manufacturing Co., Ltd. | 11,410 | 913,007 | ||||||
NEC Corp. | 4,700 | 277,321 | ||||||
Nidec Corp. | 2,600 | 316,118 | ||||||
Nintendo Co., Ltd. | 3,400 | 1,901,846 | ||||||
Nippon Telegraph & Telephone Corp. | 135,204 | 3,477,373 | ||||||
Nitori Holdings Co., Ltd. | 800 | 155,113 | ||||||
Nomura Holdings, Inc. | 112,400 | 591,397 | ||||||
Nomura Research Institute Ltd. | 9,200 | 285,158 | ||||||
NTT Data Corp.(a) | 16,100 | 249,586 | ||||||
Obic Co., Ltd.(a) | 1,100 | 201,385 | ||||||
Omron Corp. | 3,000 | 234,570 | ||||||
Ono Pharmaceutical Co., Ltd. | 9,500 | 248,462 | ||||||
Oracle Corp. | 2,200 | 215,023 | ||||||
Otsuka Holdings Co., Ltd. | 16,200 | 687,144 | ||||||
Panasonic Corp. | 55,784 | 718,629 | ||||||
Recruit Holdings Co., Ltd. | 8,200 | 400,798 | ||||||
Secom Co., Ltd. | 3,700 | 311,838 | ||||||
Sekisui House Ltd. | 25,600 | 549,995 | ||||||
Seven & I Holdings Co., Ltd. | 21,000 | 848,172 | ||||||
SG Holdings Co., Ltd. | 6,600 | 151,531 | ||||||
Shimano, Inc. | 700 | 167,081 | ||||||
Shin-Etsu Chemical Co., Ltd. | 5,100 | 858,923 | ||||||
Shionogi & Co., Ltd. | 5,500 | 296,253 | ||||||
Shiseido Co., Ltd. | 2,360 | 158,515 | ||||||
SMC Corp. | 450 | 261,896 | ||||||
SoftBank Corp.(a) | 396,000 | 5,155,167 | ||||||
SoftBank Group Corp. | 10,480 | 884,872 | ||||||
Sompo Holdings, Inc.(a) | 11,900 | 456,831 | ||||||
Sony Corp. | 6,200 | 650,579 | ||||||
Subaru Corp.(a) | 17,100 | 341,072 | ||||||
Sumitomo Corp.(a) | 57,510 | 820,754 | ||||||
Sumitomo Mitsui Financial Group, Inc.(a) | 72,494 | 2,628,810 | ||||||
Sumitomo Realty & Development Co., Ltd. | 5,700 | 201,486 | ||||||
Suntory Beverage & Food Ltd. | 5,200 | 193,647 | ||||||
Suzuki Motor Corp. | 7,317 | 332,741 | ||||||
Sysmex Corp. | 1,900 | 205,045 | ||||||
Takeda Pharmaceutical Co., Ltd.(a) | 65,100 | 2,347,724 | ||||||
TDK Corp. | 1,600 | 221,973 | ||||||
Terumo Corp. | 5,097 | 184,461 | ||||||
See Notes to Financial Statements.
| 42 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2021
| Investments | Shares | Value | ||||||
Tokio Marine Holdings, Inc.(a) | 22,800 | $ | 1,086,353 | |||||
Tokyo Electron Ltd. | 4,350 | 1,841,959 | ||||||
Toyota Motor Corp.(a) | 51,773 | 4,036,888 | ||||||
Unicharm Corp. | 3,300 | 138,719 | ||||||
Z Holdings Corp.(a) | 66,700 | 332,353 | ||||||
|
| |||||||
| Total Japan |
| 73,219,131 | ||||||
| Netherlands – 1.9% | ||||||||
Akzo Nobel N.V. | 5,546 | 621,055 | ||||||
ASML Holding N.V. | 3,986 | 2,422,012 | ||||||
Koninklijke Ahold Delhaize N.V. | 51,937 | 1,449,736 | ||||||
Koninklijke DSM N.V. | 3,975 | 674,143 | ||||||
NN Group N.V. | 18,872 | 924,695 | ||||||
Wolters Kluwer N.V. | 5,849 | 509,525 | ||||||
|
| |||||||
| Total Netherlands |
| 6,601,166 | ||||||
| Norway – 1.3% | ||||||||
Equinor ASA | 180,373 | 3,535,048 | ||||||
Telenor ASA | 65,642 | 1,157,300 | ||||||
|
| |||||||
| Total Norway |
| 4,692,348 | ||||||
| Portugal – 0.2% | ||||||||
EDP – Energias de Portugal S.A. | 115,277 | 659,812 | ||||||
| Singapore – 1.9% | ||||||||
DBS Group Holdings Ltd. | 111,040 | 2,379,310 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 178,087 | 1,557,400 | ||||||
Singapore Telecommunications Ltd. | 760,700 | 1,381,444 | ||||||
United Overseas Bank Ltd. | 77,386 | 1,487,705 | ||||||
|
| |||||||
| Total Singapore |
| 6,805,859 | ||||||
| Spain – 2.6% | ||||||||
Endesa S.A. | 54,283 | 1,439,300 | ||||||
Ferrovial S.A.(a) | 22,415 | 585,635 | ||||||
Grifols S.A.(a) | 5,779 | 151,667 | ||||||
Iberdrola S.A. | 296,398 | 3,826,695 | ||||||
Industria de Diseno Textil S.A. | 50,060 | 1,653,277 | ||||||
Naturgy Energy Group S.A. | 66,487 | 1,633,171 | ||||||
|
| |||||||
| Total Spain |
| 9,289,745 | ||||||
| Sweden – 1.4% | ||||||||
Assa Abloy AB, Class B | 13,078 | 376,602 | ||||||
Atlas Copco AB, Class A | 17,258 | 1,052,551 | ||||||
Atlas Copco AB, Class B | 8,599 | 448,384 | ||||||
Epiroc AB, Class A | 17,901 | 406,229 | ||||||
EQT AB | 7,173 | 236,596 | ||||||
Essity AB, Class B(a) | 17,011 | 538,455 | ||||||
Swedish Match AB | 3,674 | 287,385 | ||||||
Telefonaktiebolaget LM Ericsson, Class B | 53,981 | 715,614 | ||||||
Telia Co. AB | 196,473 | 852,721 | ||||||
|
| |||||||
| Total Sweden |
| 4,914,537 | ||||||
| Switzerland – 14.0% | ||||||||
ABB Ltd., Registered Shares | 60,998 | 1,851,036 | ||||||
Cie Financiere Richemont S.A., Registered Shares | 6,933 | 668,438 | ||||||
Credit Suisse Group AG, Registered Shares | 31,930 | 335,941 | ||||||
EMS-Chemie Holding AG, Registered Shares | 732 | 656,440 | ||||||
Geberit AG, Registered Shares | 932 | 595,751 | ||||||
Givaudan S.A., Registered Shares | 185 | 715,901 | ||||||
Kuehne + Nagel International AG, Registered Shares | 3,244 | 929,615 | ||||||
LafargeHolcim Ltd., Registered Shares* | 25,260 | 1,490,666 | ||||||
Logitech International S.A., Registered Shares | 2,456 | 258,713 | ||||||
Lonza Group AG, Registered Shares | 481 | 270,053 | ||||||
Nestle S.A., Registered Shares | 91,340 | 10,223,403 | ||||||
Novartis AG, Registered Shares | 123,273 | 10,579,355 | ||||||
Partners Group Holding AG | 979 | 1,255,542 | ||||||
Roche Holding AG, Bearer Shares(a) | 5,722 | 1,963,774 | ||||||
Roche Holding AG, Genusschein | 25,288 | 8,207,214 | ||||||
Schindler Holding AG, Registered Shares | 1,374 | 395,345 | ||||||
SGS S.A., Registered Shares | 305 | 868,836 | ||||||
Sika AG, Registered Shares | 1,833 | 525,857 | ||||||
STMicroelectronics N.V. | 5,094 | 194,696 | ||||||
Swiss Life Holding AG, Registered Shares | 1,689 | 833,777 | ||||||
Swisscom AG, Registered Shares(a) | 2,884 | 1,553,618 | ||||||
UBS Group AG, Registered Shares | 100,344 | 1,560,362 | ||||||
Zurich Insurance Group AG | 7,826 | 3,354,416 | ||||||
|
| |||||||
| Total Switzerland |
| 49,288,749 | ||||||
| United Kingdom – 13.3% | ||||||||
Anglo American PLC | 35,897 | 1,407,808 | ||||||
Ashtead Group PLC | 5,316 | 317,363 | ||||||
AstraZeneca PLC | 42,599 | 4,259,342 | ||||||
Aviva PLC | 70,654 | 397,919 | ||||||
BAE Systems PLC | 151,248 | 1,053,819 | ||||||
British American Tobacco PLC | 165,025 | 6,315,984 | ||||||
Coca-Cola European Partners PLC | 7,262 | 377,248 | ||||||
Diageo PLC | 56,172 | 2,316,878 | ||||||
GlaxoSmithKline PLC | 383,435 | 6,813,848 | ||||||
Intertek Group PLC | 2,365 | 182,793 | ||||||
Linde PLC | 7,448 | 2,091,242 | ||||||
London Stock Exchange Group PLC | 2,630 | 251,826 | ||||||
National Grid PLC | 157,386 | 1,876,137 | ||||||
Reckitt Benckiser Group PLC | 14,892 | 1,335,112 | ||||||
RELX PLC | 46,872 | 1,176,335 | ||||||
Rio Tinto PLC | 69,888 | 5,351,560 | ||||||
Segro PLC(b) | 20,859 | 269,833 | ||||||
Smith & Nephew PLC | 14,502 | 275,716 | ||||||
SSE PLC | 52,556 | 1,055,043 | ||||||
Tesco PLC | 265,218 | 837,411 | ||||||
Unilever PLC | 101,730 | 5,692,877 | ||||||
Vodafone Group PLC | 1,802,134 | 3,279,071 | ||||||
|
| |||||||
| Total United Kingdom |
| 46,935,165 | ||||||
TOTAL COMMON STOCKS (Cost: $291,122,866) |
| 349,728,856 | ||||||
| RIGHTS – 0.0% |
| |||||||
| Italy – 0.0% |
| |||||||
Snam SpA, expiring 4/7/21* | ||||||||
| (Cost: $0) | 155,386 | 0 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 43 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2021
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.3% |
| |||||||
| United States – 6.3% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $22,304,365) | 22,304,365 | $ | 22,304,365 | |||||
TOTAL INVESTMENTS IN SECURITIES – 105.5% (Cost: $313,427,231) |
| 372,033,221 | ||||||
Other Assets less Liabilities – (5.5)% | (19,316,255 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 352,716,966 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $36,031,077 and the total market value of the collateral held by the Fund was $37,879,536. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $15,575,171. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree International MidCap Dividend Fund^ | $ | 727,876 | $ | 3,700,769 | $ | 4,545,112 | $ | (92,002 | ) | $ | 208,469 | $ | — | $ | 25,226 | |||||||||||||
| ^ | As of March 31, 2021, 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 March 31, 2021 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 | $ | 349,728,856 | $ | — | $ | — | $ | 349,728,856 | ||||||||
Rights | — | 0 | — | 0 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 22,304,365 | — | 22,304,365 | ||||||||||||
Total Investments in Securities | $ | 349,728,856 | $ | 22,304,365 | $ | — | $ | 372,033,221 | ||||||||
See Notes to Financial Statements.
| 44 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.4% | ||||||||
| Australia – 8.6% | ||||||||
AGL Energy Ltd. | 69,096 | $ | 507,850 | |||||
ALS Ltd. | 14,847 | 109,464 | ||||||
Alumina Ltd. | 257,049 | 340,660 | ||||||
Ampol Ltd. | 10,915 | 204,094 | ||||||
Ansell Ltd. | 5,812 | 173,704 | ||||||
APA Group(a) | 77,074 | 588,208 | ||||||
Atlas Arteria Ltd.(a) | 26,958 | 122,169 | ||||||
Aurizon Holdings Ltd. | 188,294 | 559,315 | ||||||
AusNet Services | 378,749 | 529,350 | ||||||
BlueScope Steel Ltd. | 7,586 | 111,802 | ||||||
carsales.com Ltd. | 10,066 | 136,545 | ||||||
Charter Hall Group | 20,666 | 202,734 | ||||||
Cleanaway Waste Management Ltd. | 59,962 | 100,474 | ||||||
Coca-Cola Amatil Ltd. | 29,303 | 299,739 | ||||||
Computershare Ltd. | 30,065 | 344,401 | ||||||
Dexus | 85,038 | 631,500 | ||||||
Domino’s Pizza Enterprises Ltd. | 2,740 | 200,866 | ||||||
Evolution Mining Ltd. | 67,280 | 209,075 | ||||||
Harvey Norman Holdings Ltd.(a) | 105,562 | 460,699 | ||||||
JB Hi-Fi Ltd. | 9,325 | 367,762 | ||||||
Magellan Financial Group Ltd. | 9,880 | 339,909 | ||||||
Medibank Pvt Ltd. | 169,009 | 360,432 | ||||||
Mineral Resources Ltd. | 16,251 | 470,595 | ||||||
Mirvac Group | 236,906 | 451,099 | ||||||
Northern Star Resources Ltd. | 11,750 | 84,840 | ||||||
Orica Ltd. | 17,038 | 181,029 | ||||||
Origin Energy Ltd. | 149,457 | 533,881 | ||||||
OZ Minerals Ltd. | 9,192 | 159,905 | ||||||
QBE Insurance Group Ltd. | 72,217 | 529,139 | ||||||
Qube Holdings Ltd. | 49,710 | 113,206 | ||||||
REA Group Ltd.(a) | 1,939 | 209,327 | ||||||
Reece Ltd.(a) | 7,532 | 98,328 | ||||||
Santos Ltd. | 61,139 | 330,622 | ||||||
Seven Group Holdings Ltd.(a) | 10,946 | 188,000 | ||||||
Spark Infrastructure Group | 168,949 | 279,236 | ||||||
Stockland | 208,287 | 698,024 | ||||||
Suncorp Group Ltd. | 75,594 | 570,004 | ||||||
Washington H Soul Pattinson & Co., Ltd.(a) | 12,209 | 293,662 | ||||||
Worley Ltd. | 37,045 | 295,979 | ||||||
|
| |||||||
| Total Australia |
| 12,387,628 | ||||||
| Austria – 2.5% | ||||||||
Andritz AG(a) | 2,429 | 109,453 | ||||||
CA Immobilien Anlagen AG | 5,953 | 252,576 | ||||||
EVN AG | 8,253 | 178,087 | ||||||
OMV AG | 40,497 | 2,059,007 | ||||||
Telekom Austria AG | 21,409 | 169,089 | ||||||
Verbund AG(a) | 3,532 | 257,372 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 11,717 | 304,339 | ||||||
Voestalpine AG | 2,188 | 90,853 | ||||||
Wienerberger AG | 5,143 | 188,590 | ||||||
|
| |||||||
| Total Austria |
| 3,609,366 | ||||||
| Belgium – 3.1% | ||||||||
Aedifica S.A. | 1,918 | 220,463 | ||||||
Ageas S.A./N.V. | 2,146 | 130,044 | ||||||
Cofinimmo S.A. | 2,527 | 368,872 | ||||||
D’ieteren S.A./N.V. | 1,824 | 179,003 | ||||||
Elia Group S.A./N.V.(a) | 2,021 | 223,039 | ||||||
Etablissements Franz Colruyt N.V. | 4,984 | 297,922 | ||||||
Melexis N.V. | 1,235 | 130,997 | ||||||
Proximus SADP | 46,263 | 1,009,161 | ||||||
Solvay S.A.(a) | 7,964 | 994,041 | ||||||
Telenet Group Holding N.V. | 9,409 | 382,399 | ||||||
Umicore S.A. | 2,721 | 144,645 | ||||||
Warehouses De Pauw CVA | 10,140 | 335,836 | ||||||
|
| |||||||
| Total Belgium |
| 4,416,422 | ||||||
| China – 4.5% | ||||||||
Beijing Enterprises Holdings Ltd. | 81,700 | 288,466 | ||||||
China Everbright Environment Group Ltd. | 583,407 | 394,719 | ||||||
China Jinmao Holdings Group Ltd. | 947,242 | 380,142 | ||||||
China Resources Power Holdings Co., Ltd. | 458,000 | 607,961 | ||||||
Far East Horizon Ltd.(a) | 256,000 | 307,551 | ||||||
Fosun International Ltd. | 329,000 | 460,421 | ||||||
Guangdong Investment Ltd. | 474,208 | 772,205 | ||||||
Lenovo Group Ltd. | 1,434,000 | 2,040,021 | ||||||
Shenzhen Investment Ltd. | 922,000 | 320,203 | ||||||
Sinotruk Hong Kong Ltd. | 121,500 | 364,135 | ||||||
Sun Art Retail Group Ltd.(a) | 277,500 | 227,013 | ||||||
Yuexiu Property Co., Ltd. | 1,506,000 | 340,932 | ||||||
|
| |||||||
| Total China |
| 6,503,769 | ||||||
| Denmark – 1.0% | ||||||||
GN Store Nord A/S | 1,343 | 105,989 | ||||||
H. Lundbeck A/S | 6,567 | 224,886 | ||||||
Rockwool International A/S, Class B | 226 | 95,501 | ||||||
Royal Unibrew A/S | 2,079 | 217,955 | ||||||
Schouw & Co. A/S | 1,357 | 142,392 | ||||||
SimCorp A/S | 1,093 | 135,676 | ||||||
Topdanmark A/S | 4,178 | 191,603 | ||||||
Tryg A/S(a) | 15,833 | 374,311 | ||||||
|
| |||||||
| Total Denmark |
| 1,488,313 | ||||||
| Finland – 2.6% | ||||||||
Elisa Oyj | 14,912 | 896,283 | ||||||
Huhtamaki Oyj | 4,826 | 218,712 | ||||||
Kesko Oyj, Class A | 5,909 | 165,635 | ||||||
Kesko Oyj, Class B | 19,351 | 593,143 | ||||||
Kojamo Oyj | 10,035 | 196,726 | ||||||
Konecranes Oyj | 5,332 | 238,135 | ||||||
Metsa Board Oyj | 24,397 | 266,379 | ||||||
Nokian Renkaat Oyj(a) | 5,470 | 198,524 | ||||||
Orion Oyj, Class B(a) | 8,959 | 359,793 | ||||||
TietoEVRY Oyj | 5,008 | 155,506 | ||||||
Valmet Oyj | 12,753 | 464,796 | ||||||
|
| |||||||
| Total Finland |
| 3,753,632 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 45 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2021
| Investments | Shares | Value | ||||||
| France – 4.7% | ||||||||
ALD S.A.(b) | 25,793 | $ | 378,325 | |||||
Arkema S.A. | 2,792 | 339,136 | ||||||
Bollore S.A. | 83,078 | 402,088 | ||||||
Cie Plastic Omnium S.A. | 5,440 | 199,737 | ||||||
Covivio | 11,934 | 1,023,900 | ||||||
Edenred | 6,111 | 319,898 | ||||||
Gaztransport Et Technigaz S.A. | 2,151 | 171,909 | ||||||
Gecina S.A. | 5,456 | 752,820 | ||||||
Iliad S.A. | 1,942 | 369,982 | ||||||
Imerys S.A. | 7,523 | 367,111 | ||||||
Ipsen S.A. | 1,660 | 142,715 | ||||||
La Francaise des Jeux SAEM(b) | 3,973 | 181,035 | ||||||
Publicis Groupe S.A. | 13,322 | 814,808 | ||||||
Remy Cointreau S.A. | 557 | 103,106 | ||||||
Rubis SCA | 8,937 | 424,347 | ||||||
SEB S.A. | 815 | 144,064 | ||||||
Trigano S.A. | 783 | 146,689 | ||||||
Verallia S.A.(b) | 6,387 | 230,829 | ||||||
Wendel SE | 2,293 | 285,396 | ||||||
|
| |||||||
| Total France |
| 6,797,895 | ||||||
| Germany – 5.4% | ||||||||
alstria office REIT-AG | 12,381 | 200,518 | ||||||
Aurubis AG | 2,093 | 173,767 | ||||||
Bechtle AG | 882 | 165,755 | ||||||
Brenntag SE | 7,438 | 636,409 | ||||||
Covestro AG(b) | 7,768 | 523,499 | ||||||
Dermapharm Holding SE | 2,636 | 189,014 | ||||||
Encavis AG | 5,628 | 107,024 | ||||||
Freenet AG | 518 | 12,426 | ||||||
Fuchs Petrolub SE | 2,699 | 108,804 | ||||||
GEA Group AG | 4,041 | 165,991 | ||||||
Gerresheimer AG | 791 | 78,742 | ||||||
Hapag-Lloyd AG(b) | 5,036 | 783,650 | ||||||
LANXESS AG | 2,655 | 196,150 | ||||||
LEG Immobilien SE | 4,567 | 602,029 | ||||||
METRO AG | 40,941 | 433,543 | ||||||
Nemetschek SE | 1,517 | 96,991 | ||||||
Rational AG | 234 | 182,201 | ||||||
Rheinmetall AG | 2,308 | 234,368 | ||||||
Scout24 AG(b) | 2,180 | 165,771 | ||||||
Siltronic AG | 1,543 | 249,354 | ||||||
Software AG | 2,996 | 126,552 | ||||||
Suedzucker AG | 5,001 | 84,932 | ||||||
TAG Immobilien AG* | 7,409 | 211,948 | ||||||
Talanx AG | 20,899 | 888,183 | ||||||
Telefonica Deutschland Holding AG | 315,615 | 927,355 | ||||||
United Internet AG, Registered Shares | 4,860 | 195,349 | ||||||
|
| |||||||
| Total Germany |
| 7,740,325 | ||||||
| Hong Kong – 2.9% | ||||||||
Bank of East Asia Ltd. (The) | 145,980 | 310,945 | ||||||
Hang Lung Group Ltd. | 89,000 | 225,292 | ||||||
Hysan Development Co., Ltd. | 83,000 | 324,550 | ||||||
PCCW Ltd. | 875,492 | 493,238 | ||||||
Power Assets Holdings Ltd. | 308,500 | 1,821,370 | ||||||
Sino Land Co., Ltd. | 541,046 | 752,994 | ||||||
Vitasoy International Holdings Ltd. | 20,000 | 76,919 | ||||||
Wharf Holdings Ltd. (The) | 73,000 | 193,429 | ||||||
|
| |||||||
| Total Hong Kong |
| 4,198,737 | ||||||
| Ireland – 0.7% | ||||||||
Glanbia PLC | 14,002 | 209,163 | ||||||
Smurfit Kappa Group PLC | 16,789 | 792,441 | ||||||
|
| |||||||
| Total Ireland |
| 1,001,604 | ||||||
| Israel – 1.3% | ||||||||
Azrieli Group Ltd. | 2,829 | 174,845 | ||||||
Bank Hapoalim BM* | 69,159 | 538,804 | ||||||
Bank Leumi Le-Israel BM | 54,423 | 359,045 | ||||||
Elbit Systems Ltd. | 873 | 123,750 | ||||||
ICL Group Ltd. | 60,029 | 352,286 | ||||||
Mizrahi Tefahot Bank Ltd. | 7,970 | 208,266 | ||||||
Strauss Group Ltd. | 4,158 | 112,220 | ||||||
|
| |||||||
| Total Israel |
| 1,869,216 | ||||||
| Italy – 4.4% | ||||||||
A2A SpA | 320,075 | 583,837 | ||||||
ACEA SpA | 13,663 | 299,323 | ||||||
Azimut Holding SpA | 14,137 | 322,917 | ||||||
ERG SpA | 8,857 | 263,780 | ||||||
Hera SpA | 81,915 | 314,626 | ||||||
Infrastrutture Wireless Italiane SpA(b) | 12,905 | 144,089 | ||||||
Iren SpA | 91,271 | 252,730 | ||||||
Italgas SpA | 92,235 | 600,015 | ||||||
Mediobanca Banca di Credito Finanziario SpA* | 97,771 | 1,086,591 | ||||||
Prysmian SpA | 4,525 | 147,368 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 9,681 | 521,912 | ||||||
Telecom Italia SpA | 725,887 | 393,466 | ||||||
UnipolSai Assicurazioni SpA | 484,235 | 1,459,226 | ||||||
|
| |||||||
| Total Italy |
| 6,389,880 | ||||||
| Japan – 24.5% | ||||||||
ABC-Mart, Inc. | 2,478 | 139,934 | ||||||
Acom Co., Ltd.(a) | 23,400 | 109,059 | ||||||
Advantest Corp. | 2,800 | 245,285 | ||||||
Aeon Mall Co., Ltd. | 6,400 | 111,493 | ||||||
AGC, Inc. | 8,828 | 369,897 | ||||||
Air Water, Inc.(a) | 7,300 | 128,163 | ||||||
Aisin Seiki Co., Ltd.(a) | 7,600 | 288,869 | ||||||
Alfresa Holdings Corp. | 7,600 | 146,704 | ||||||
Amada Co., Ltd.(a) | 17,200 | 192,080 | ||||||
Anritsu Corp.(a) | 3,900 | 85,271 | ||||||
Azbil Corp.(a) | 3,300 | 142,303 | ||||||
Brother Industries Ltd.(a) | 8,300 | 183,952 | ||||||
Calbee, Inc.(a) | 3,700 | 94,492 | ||||||
Canon Marketing Japan, Inc. | 5,400 | 120,022 | ||||||
Capcom Co., Ltd. | 4,200 | 136,643 | ||||||
Casio Computer Co., Ltd.(a) | 6,400 | 120,760 | ||||||
Chiba Bank Ltd. (The)(a) | 31,800 | 208,643 | ||||||
See Notes to Financial Statements.
| 46 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2021
| Investments | Shares | Value | ||||||
Chubu Electric Power Co., Inc. | 31,300 | $ | 403,643 | |||||
Chugoku Electric Power Co., Inc. (The)(a) | 22,600 | 277,949 | ||||||
COMSYS Holdings Corp. | 6,400 | 197,502 | ||||||
Concordia Financial Group Ltd.(a) | 61,600 | 250,302 | ||||||
Dai Nippon Printing Co., Ltd. | 10,579 | 222,015 | ||||||
Daito Trust Construction Co., Ltd. | 4,420 | 513,200 | ||||||
Daiwa Securities Group, Inc.(a) | 67,400 | 348,955 | ||||||
Denka Co., Ltd. | 3,800 | 152,000 | ||||||
Dentsu Group, Inc. | 9,800 | 314,842 | ||||||
Disco Corp. | 800 | 251,584 | ||||||
Electric Power Development Co., Ltd.(a) | 9,900 | 173,272 | ||||||
Fancl Corp. | 2,200 | 74,362 | ||||||
Fuji Electric Co., Ltd.(a) | 4,275 | 178,351 | ||||||
Fuji Oil Holdings, Inc.(a) | 3,700 | 98,879 | ||||||
Fukuoka Financial Group, Inc.(a) | 10,200 | 193,754 | ||||||
Hakuhodo DY Holdings, Inc. | 10,600 | 176,986 | ||||||
Hamamatsu Photonics K.K. | 2,200 | 130,208 | ||||||
Hankyu Hanshin Holdings, Inc. | 5,100 | 163,615 | ||||||
Haseko Corp.(a) | 21,000 | 294,380 | ||||||
Hikari Tsushin, Inc. | 1,000 | 201,538 | ||||||
Hirose Electric Co., Ltd. | 975 | 150,176 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 2,100 | 137,023 | ||||||
Hitachi Capital Corp. | 6,200 | 191,151 | ||||||
Hitachi Construction Machinery Co., Ltd. | 3,000 | 96,244 | ||||||
Hitachi Transport System Ltd. | 2,500 | 84,163 | ||||||
Hoshizaki Corp. | 1,300 | 116,235 | ||||||
Hulic Co., Ltd. | 26,100 | 308,240 | ||||||
Idemitsu Kosan Co., Ltd.(a) | 19,866 | 513,100 | ||||||
Iida Group Holdings Co., Ltd.(a) | 8,200 | 198,581 | ||||||
Inpex Corp. | 87,000 | 595,222 | ||||||
Isuzu Motors Ltd. | 27,700 | 298,057 | ||||||
Itochu Techno-Solutions Corp. | 7,400 | 238,742 | ||||||
Japan Post Insurance Co., Ltd. | 25,900 | 533,001 | ||||||
JSR Corp.(a) | 6,400 | 193,448 | ||||||
JTEKT Corp. | 17,900 | 183,050 | ||||||
K’s Holdings Corp. | 8,800 | 121,129 | ||||||
Kajima Corp.(a) | 23,276 | 330,919 | ||||||
Kakaku.com, Inc. | 3,700 | 101,122 | ||||||
Kansai Electric Power Co., Inc. (The)(a) | 45,700 | 495,462 | ||||||
Kansai Paint Co., Ltd. | 5,300 | 141,733 | ||||||
Keio Corp. | 1,900 | 127,928 | ||||||
Kewpie Corp. | 4,300 | 98,063 | ||||||
Kikkoman Corp.(a) | 2,200 | 131,204 | ||||||
Kintetsu Group Holdings Co., Ltd. | 2,700 | 103,113 | ||||||
Kobayashi Pharmaceutical Co., Ltd. | 1,400 | 130,878 | ||||||
Koei Tecmo Holdings Co., Ltd. | 3,510 | 157,712 | ||||||
Koito Manufacturing Co., Ltd.(a) | 2,200 | 147,729 | ||||||
Kose Corp. | 1,100 | 155,891 | ||||||
Kuraray Co., Ltd. | 15,300 | 174,877 | ||||||
Kurita Water Industries Ltd. | 2,900 | 124,529 | ||||||
Kyowa Exeo Corp. | 4,300 | 113,707 | ||||||
Kyushu Electric Power Co., Inc.(a) | 18,200 | 179,859 | ||||||
Lawson, Inc. | 3,000 | 147,421 | ||||||
Lion Corp. | 3,800 | 74,246 | ||||||
Lixil Corp.(a) | 10,700 | 297,760 | ||||||
Mabuchi Motor Co., Ltd. | 2,600 | 114,471 | ||||||
Marubeni Corp.(a) | 76,200 | 634,977 | ||||||
Marui Group Co., Ltd.(a) | 6,300 | 118,531 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. | 2,200 | 98,154 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 2,200 | 101,538 | ||||||
Mebuki Financial Group, Inc. | 64,700 | 152,821 | ||||||
Medipal Holdings Corp. | 7,100 | 136,474 | ||||||
MINEBEA MITSUMI, Inc. | 6,700 | 171,532 | ||||||
Mitsubishi Chemical Holdings Corp.(a) | 60,500 | 454,380 | ||||||
Mitsubishi Gas Chemical Co., Inc.(a) | 9,100 | 223,506 | ||||||
Mitsubishi Heavy Industries Ltd. | 11,600 | 362,067 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd.(a) | 47,700 | 288,358 | ||||||
Mitsui Chemicals, Inc.(a) | 7,800 | 246,706 | ||||||
Miura Co., Ltd. | 2,100 | 113,647 | ||||||
Nabtesco Corp. | 2,900 | 132,796 | ||||||
NGK Insulators Ltd. | 8,600 | 157,524 | ||||||
NGK Spark Plug Co., Ltd.(a) | 6,400 | 110,682 | ||||||
Nichirei Corp. | 3,900 | 100,553 | ||||||
Nifco, Inc.(a) | 3,000 | 109,548 | ||||||
Nihon M&A Center, Inc. | 4,200 | 113,761 | ||||||
Nihon Unisys Ltd. | 3,200 | 98,751 | ||||||
Nippo Corp.(a) | 4,500 | 122,986 | ||||||
Nippon Express Co., Ltd. | 4,100 | 305,738 | ||||||
Nippon Sanso Holdings Corp. | 7,900 | 150,422 | ||||||
Nippon Shinyaku Co., Ltd. | 1,200 | 89,376 | ||||||
Nippon Yusen K.K.(a) | 6,400 | 218,643 | ||||||
Nissan Chemical Corp. | 3,700 | 197,891 | ||||||
Nisshin Seifun Group, Inc. | 6,900 | 115,520 | ||||||
Nissin Foods Holdings Co., Ltd.(a) | 2,100 | 156,027 | ||||||
Nitto Denko Corp.(a) | 6,400 | 547,910 | ||||||
NOF Corp. | 2,600 | 136,235 | ||||||
Nomura Real Estate Holdings, Inc.(a) | 9,368 | 225,934 | ||||||
NSK Ltd. | 11,900 | 122,231 | ||||||
Obayashi Corp.(a) | 25,600 | 235,149 | ||||||
Odakyu Electric Railway Co., Ltd.(a) | 4,200 | 114,977 | ||||||
Oji Holdings Corp. | 31,862 | 206,454 | ||||||
Open House Co., Ltd. | 4,600 | 196,489 | ||||||
Osaka Gas Co., Ltd. | 16,500 | 322,086 | ||||||
Otsuka Corp. | 7,000 | 328,145 | ||||||
Pigeon Corp.(a) | 2,100 | 79,819 | ||||||
Pola Orbis Holdings, Inc. | 9,300 | 224,210 | ||||||
Resona Holdings, Inc.(a) | 144,900 | 609,498 | ||||||
Rinnai Corp. | 1,300 | 145,765 | ||||||
Rohm Co., Ltd. | 2,100 | 205,439 | ||||||
Ryohin Keikaku Co., Ltd. | 3,500 | 82,923 | ||||||
Sankyu, Inc. | 2,100 | 92,362 | ||||||
Santen Pharmaceutical Co., Ltd. | 7,700 | 106,128 | ||||||
SBI Holdings, Inc.(a) | 10,400 | 282,353 | ||||||
SCSK Corp. | 4,400 | 261,213 | ||||||
Sega Sammy Holdings, Inc. | 9,000 | 140,661 | ||||||
Seiko Epson Corp.(a) | 22,900 | 373,032 | ||||||
Seino Holdings Co., Ltd. | 10,700 | 149,316 | ||||||
Sekisui Chemical Co., Ltd. | 14,900 | 286,538 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2021
| Investments | Shares | Value | ||||||
Seria Co., Ltd. | 2,100 | $ | 73,452 | |||||
Seven Bank Ltd.(a) | 82,900 | 189,807 | ||||||
Sharp Corp.(a) | 9,300 | 160,751 | ||||||
Shimadzu Corp. | 3,000 | 108,733 | ||||||
Shimamura Co., Ltd. | 1,000 | 115,566 | ||||||
Shimizu Corp.(a) | 33,900 | 274,881 | ||||||
Shizuoka Bank Ltd. (The)(a) | 19,900 | 156,679 | ||||||
SHO-BOND Holdings Co., Ltd. | 2,200 | 94,968 | ||||||
Sohgo Security Services Co., Ltd. | 2,100 | 99,394 | ||||||
Sojitz Corp.(a) | 69,900 | 197,365 | ||||||
Square Enix Holdings Co., Ltd. | 2,100 | 116,878 | ||||||
Stanley Electric Co., Ltd. | 2,400 | 71,566 | ||||||
Sugi Holdings Co., Ltd. | 2,000 | 158,733 | ||||||
SUMCO Corp. | 5,700 | 130,300 | ||||||
Sumitomo Chemical Co., Ltd.(a) | 64,900 | 336,540 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. | 10,590 | 184,678 | ||||||
Sumitomo Electric Industries Ltd.(a) | 20,612 | 309,273 | ||||||
Sumitomo Metal Mining Co., Ltd. | 4,800 | 207,595 | ||||||
Sumitomo Mitsui Trust Holdings, Inc.(a) | 20,200 | 705,446 | ||||||
Sundrug Co., Ltd. | 3,300 | 120,950 | ||||||
Suzuken Co., Ltd. | 2,500 | 97,851 | ||||||
T&D Holdings, Inc.(a) | 27,651 | 356,836 | ||||||
Taiheiyo Cement Corp. | 3,600 | 94,838 | ||||||
Taisei Corp. | 8,775 | 339,088 | ||||||
Teijin Ltd.(a) | 7,100 | 122,531 | ||||||
TIS, Inc. | 6,700 | 160,133 | ||||||
Tobu Railway Co., Ltd. | 2,500 | 67,330 | ||||||
Toho Co., Ltd. | 2,900 | 117,837 | ||||||
Tohoku Electric Power Co., Inc.(a) | 31,800 | 300,733 | ||||||
Tokyo Century Corp. | 3,100 | 208,724 | ||||||
Tokyo Gas Co., Ltd. | 11,700 | 260,735 | ||||||
Tokyo Tatemono Co., Ltd. | 10,000 | 152,127 | ||||||
Tokyu Corp. | 14,500 | 193,421 | ||||||
Toray Industries, Inc. | 44,600 | 287,579 | ||||||
Tosoh Corp.(a) | 11,900 | 228,092 | ||||||
TOTO Ltd. | 3,600 | 221,538 | ||||||
Toyo Suisan Kaisha Ltd.(a) | 2,800 | 117,828 | ||||||
Toyo Tire Corp. | 4,700 | 83,281 | ||||||
Toyoda Gosei Co., Ltd.(a) | 3,200 | 84,214 | ||||||
Toyota Boshoku Corp.(a) | 5,900 | 97,710 | ||||||
Toyota Tsusho Corp.(a) | 12,500 | 525,453 | ||||||
Trend Micro, Inc. | 6,330 | 317,359 | ||||||
Tsuruha Holdings, Inc. | 900 | 116,308 | ||||||
USS Co., Ltd. | 10,500 | 205,629 | ||||||
Welcia Holdings Co., Ltd. | 2,800 | 96,290 | ||||||
Yakult Honsha Co., Ltd.(a) | 2,700 | 136,833 | ||||||
Yamada Holdings Co., Ltd. | 20,400 | 110,215 | ||||||
Yamaha Corp. | 2,600 | 141,412 | ||||||
Yamaha Motor Co., Ltd. | 10,660 | 261,532 | ||||||
Yamato Holdings Co., Ltd. | 7,500 | 205,995 | ||||||
Yaskawa Electric Corp. | 2,800 | 139,620 | ||||||
Yokogawa Electric Corp. | 6,400 | 118,038 | ||||||
ZOZO, Inc. | 4,600 | 136,127 | ||||||
|
| |||||||
| Total Japan |
| 35,421,661 | ||||||
| Kazakhstan – 0.1% | ||||||||
KAZ Minerals PLC | 10,794 | 129,118 | ||||||
| Netherlands – 2.9% | ||||||||
Aalberts N.V. | 4,453 | 226,092 | ||||||
ASM International N.V. | 2,862 | 834,199 | ||||||
ASR Nederland N.V. | 14,802 | 664,731 | ||||||
BE Semiconductor Industries N.V. | 3,525 | 295,971 | ||||||
Euronext N.V.(b) | 2,741 | 276,727 | ||||||
IMCD N.V. | 1,081 | 150,554 | ||||||
Koninklijke KPN N.V. | 314,378 | 1,069,299 | ||||||
Koninklijke Vopak N.V.(a) | 6,853 | 341,906 | ||||||
SBM Offshore N.V.(a) | 14,662 | 269,168 | ||||||
|
| |||||||
| Total Netherlands |
| 4,128,647 | ||||||
| Norway – 2.3% | ||||||||
Aker ASA, Class A | 3,584 | 274,793 | ||||||
Entra ASA(b) | 10,814 | 240,569 | ||||||
Gjensidige Forsikring ASA | 41,274 | 969,919 | ||||||
Kongsberg Gruppen ASA | 4,647 | 106,698 | ||||||
Leroy Seafood Group ASA | 29,968 | 256,627 | ||||||
Orkla ASA | 63,455 | 623,225 | ||||||
Yara International ASA | 17,390 | 906,133 | ||||||
|
| |||||||
| Total Norway |
| 3,377,964 | ||||||
| Portugal – 0.1% | ||||||||
Jeronimo Martins, SGPS, S.A. | 12,305 | 207,531 | ||||||
| Singapore – 3.2% | ||||||||
CapitaLand Ltd. | 312,900 | 875,636 | ||||||
City Developments Ltd. | 26,400 | 156,797 | ||||||
Genting Singapore Ltd. | 1,020,800 | 698,970 | ||||||
Jardine Cycle & Carriage Ltd. | 31,811 | 532,945 | ||||||
Keppel Corp., Ltd. | 83,800 | 331,807 | ||||||
NetLink NBN Trust | 310,400 | 218,315 | ||||||
Olam International Ltd. | 260,200 | 333,093 | ||||||
Singapore Exchange Ltd. | 76,000 | 563,948 | ||||||
Singapore Technologies Engineering Ltd. | 181,500 | 525,480 | ||||||
UOL Group Ltd. | 31,900 | 187,563 | ||||||
Venture Corp., Ltd. | 14,900 | 222,457 | ||||||
|
| |||||||
| Total Singapore |
| 4,647,011 | ||||||
| Spain – 3.2% | ||||||||
Acciona S.A. | 1,698 | 285,180 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 43,781 | 1,454,140 | ||||||
Ebro Foods S.A. | 9,878 | 204,097 | ||||||
Enagas S.A. | 29,343 | 638,696 | ||||||
Fomento de Construcciones y Contratas S.A. | 15,525 | 183,560 | ||||||
Grupo Catalana Occidente S.A. | 5,758 | 230,091 | ||||||
Inmobiliaria Colonial Socimi S.A. | 23,975 | 232,608 | ||||||
Red Electrica Corp. S.A. | 51,004 | 905,169 | ||||||
Viscofan S.A. | 2,956 | 204,629 | ||||||
Zardoya Otis S.A. | 51,364 | 329,006 | ||||||
|
| |||||||
| Total Spain |
| 4,667,176 | ||||||
| Sweden – 4.6% | ||||||||
AddTech AB, Class B | 6,826 | 101,807 | ||||||
See Notes to Financial Statements.
| 48 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2021
| Investments | Shares | Value | ||||||
Avanza Bank Holding AB | 5,194 | $ | 161,726 | |||||
Axfood AB(a) | 15,165 | 363,279 | ||||||
Beijer Ref AB | 3,518 | 154,906 | ||||||
BillerudKorsnas AB | 9,157 | 170,559 | ||||||
Boliden AB | 10,597 | 393,909 | ||||||
Bravida Holding AB(b) | 7,583 | 104,659 | ||||||
Castellum AB(a) | 20,009 | 442,130 | ||||||
Elekta AB, Class B(a) | 9,812 | 127,486 | ||||||
Fabege AB(a) | 13,656 | 184,481 | ||||||
Getinge AB, Class B | 5,200 | 144,672 | ||||||
Holmen AB, Class B | 2,249 | 98,926 | ||||||
Hufvudstaden AB, Class A(a) | 9,796 | 142,732 | ||||||
Husqvarna AB, Class B | 12,433 | 179,442 | ||||||
ICA Gruppen AB | 7,883 | 386,178 | ||||||
Intrum AB | 9,565 | 307,263 | ||||||
Kinnevik AB, Class B(a) | 5,985 | 291,549 | ||||||
Lifco AB, Class B | 1,613 | 150,265 | ||||||
Lundin Energy AB | 25,779 | 811,555 | ||||||
Skanska AB, Class B(a) | 10,693 | 268,665 | ||||||
SKF AB, Class B | 9,309 | 265,077 | ||||||
Sweco AB, Class B | 5,556 | 90,897 | ||||||
Tele2 AB, Class B | 77,502 | 1,047,432 | ||||||
Wihlborgs Fastigheter AB | 9,759 | 185,522 | ||||||
|
| |||||||
| Total Sweden | 6,575,117 | |||||||
| Switzerland – 5.7% | ||||||||
Adecco Group AG, Registered Shares | 12,730 | 860,795 | ||||||
Allreal Holding AG, Registered Shares | 1,219 | 246,611 | ||||||
ALSO Holding AG, Registered Shares* | 498 | 143,397 | ||||||
Baloise Holding AG, Registered Shares | 3,496 | 597,308 | ||||||
Banque Cantonale Vaudoise, Registered Shares | 7,479 | 732,682 | ||||||
BKW AG | 2,774 | 302,999 | ||||||
Bucher Industries AG, Registered Shares | 562 | 287,583 | ||||||
Cembra Money Bank AG | 1,593 | 176,201 | ||||||
Coca-Cola HBC AG | 16,589 | 528,709 | ||||||
DKSH Holding AG | 2,974 | 229,255 | ||||||
Galenica AG(b) | 3,447 | 216,090 | ||||||
Julius Baer Group Ltd. | 5,841 | 375,105 | ||||||
OC Oerlikon Corp. AG, Registered Shares | 26,735 | 310,486 | ||||||
PSP Swiss Property AG, Registered Shares | 2,139 | 261,821 | ||||||
SFS Group AG | 1,792 | 223,536 | ||||||
SIG Combibloc Group AG* | 9,684 | 224,929 | ||||||
Stadler Rail AG(a) | 4,781 | 228,801 | ||||||
Sulzer AG, Registered Shares | 2,902 | 327,772 | ||||||
Swiss Prime Site AG, Registered Shares | 7,973 | 738,296 | ||||||
Temenos AG, Registered Shares | 999 | 144,413 | ||||||
VAT Group AG(b) | 1,575 | 443,139 | ||||||
Vifor Pharma AG | 1,917 | 262,043 | ||||||
Vontobel Holding AG, Registered Shares | 3,235 | 247,484 | ||||||
VZ Holding AG | 1,297 | 107,630 | ||||||
|
| |||||||
| Total Switzerland | 8,217,085 | |||||||
| United Kingdom – 11.1% | ||||||||
Admiral Group PLC | 32,938 | 1,409,236 | ||||||
Airtel Africa PLC(b) | 282,211 | 308,768 | ||||||
Ashmore Group PLC | 47,106 | 254,379 | ||||||
Assura PLC | 193,191 | 192,180 | ||||||
Avast PLC(b) | 35,403 | 222,736 | ||||||
AVEVA Group PLC | 3,365 | 158,873 | ||||||
Berkeley Group Holdings PLC | 9,853 | 603,446 | ||||||
Bunzl PLC | 15,125 | 484,763 | ||||||
ConvaTec Group PLC(b) | 104,204 | 281,934 | ||||||
Croda International PLC | 4,265 | 373,543 | ||||||
DCC PLC | 4,132 | 358,588 | ||||||
Dechra Pharmaceuticals PLC | 2,654 | 125,597 | ||||||
Direct Line Insurance Group PLC | 152,578 | 659,534 | ||||||
easyJet PLC* | 50,775 | 685,271 | ||||||
Games Workshop Group PLC | 1,166 | 160,310 | ||||||
Grainger PLC | 20,232 | 74,475 | ||||||
Hargreaves Lansdown PLC | 26,486 | 563,306 | ||||||
Hikma Pharmaceuticals PLC | 7,455 | 234,102 | ||||||
HomeServe PLC | 10,473 | 173,540 | ||||||
IMI PLC | 19,612 | 360,963 | ||||||
Johnson Matthey PLC | 7,137 | 296,688 | ||||||
Londonmetric Property PLC | 50,442 | 148,655 | ||||||
Mondi PLC | 20,282 | 517,687 | ||||||
Pearson PLC | 41,923 | 446,303 | ||||||
Pennon Group PLC | 25,699 | 345,705 | ||||||
Persimmon PLC | 8,021 | 325,357 | ||||||
Pets at Home Group PLC | 21,133 | 120,419 | ||||||
Phoenix Group Holdings PLC | 70,641 | 715,576 | ||||||
Quilter PLC(b) | 104,575 | 230,635 | ||||||
Sage Group PLC (The) | 66,550 | 562,667 | ||||||
Schroders PLC | 13,914 | 671,900 | ||||||
Severn Trent PLC | 13,403 | 426,428 | ||||||
Smiths Group PLC | 13,060 | 277,040 | ||||||
Spectris PLC | 6,661 | 305,758 | ||||||
Spirax-Sarco Engineering PLC | 1,633 | 256,848 | ||||||
Standard Life Aberdeen PLC | 321,339 | 1,285,276 | ||||||
Tate & Lyle PLC | 47,040 | 497,921 | ||||||
United Utilities Group PLC | 46,442 | 593,216 | ||||||
WM Morrison Supermarkets PLC | 133,340 | 335,652 | ||||||
|
| |||||||
| Total United Kingdom | 16,045,275 | |||||||
TOTAL COMMON STOCKS (Cost: $129,171,140) |
| 143,573,372 | ||||||
| RIGHTS – 0.0% |
| |||||||
| Australia – 0.0% |
| |||||||
Computershare Ltd., expiring 4/19/21* | ||||||||
| (Cost: $0) | 3,416 | 3,955 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.2% |
| |||||||
| United States – 8.2% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $11,782,640) | 11,782,640 | 11,782,640 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 107.6% (Cost: $140,953,780) |
| 155,359,967 | ||||||
Other Assets less Liabilities – (7.6)% | (10,955,506 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 144,404,461 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 49 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2021
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $20,380,339 and the total market value of the collateral held by the Fund was $21,512,219. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $9,729,579. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FAIR VALUATION SUMMARY | ||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | ||||||||||||||||
Japan | $ | 35,230,510 | $ | 191,151 | $ | — | $ | 35,421,661 | ||||||||
Other | 108,151,711 | — | — | 108,151,711 | ||||||||||||
Rights | 3,955 | — | — | 3,955 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 11,782,640 | — | 11,782,640 | ||||||||||||
Total Investments in Securities | $ | 143,386,176 | $ | 11,973,791 | $ | — | $ | 155,359,967 | ||||||||
See Notes to Financial Statements.
| 50 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree International Multifactor Fund (DWMF)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.4% |
| |||||||
| Australia – 8.4% |
| |||||||
ASX Ltd. | 5,968 | $ | 322,960 | |||||
Aurizon Holdings Ltd. | 48,387 | 143,730 | ||||||
AusNet Services | 173,029 | 241,830 | ||||||
BHP Group Ltd. | 4,244 | 146,430 | ||||||
BHP Group PLC | 7,509 | 216,994 | ||||||
Brambles Ltd. | 22,053 | 177,709 | ||||||
Coca-Cola Amatil Ltd. | 15,671 | 160,298 | ||||||
Coles Group Ltd. | 12,131 | 147,926 | ||||||
Evolution Mining Ltd. | 22,143 | 68,810 | ||||||
Fortescue Metals Group Ltd. | 8,396 | 127,832 | ||||||
Medibank Pvt Ltd. | 149,877 | 319,631 | ||||||
Newcrest Mining Ltd. | 3,932 | 73,133 | ||||||
Northern Star Resources Ltd. | 4,832 | 34,889 | ||||||
Rio Tinto Ltd. | 2,505 | 211,304 | ||||||
Sonic Healthcare Ltd. | 6,801 | 181,765 | ||||||
Tabcorp Holdings Ltd. | 31,117 | 110,917 | ||||||
Telstra Corp., Ltd. | 71,298 | 184,634 | ||||||
Washington H Soul Pattinson & Co., Ltd.(a) | 4,981 | 119,807 | ||||||
Wesfarmers Ltd. | 5,467 | 219,315 | ||||||
|
| |||||||
| Total Australia |
| 3,209,914 | ||||||
| China – 1.1% |
| |||||||
BOC Hong Kong Holdings Ltd. | 90,500 | 316,045 | ||||||
WH Group Ltd.(b) | 73,500 | 59,560 | ||||||
Xinyi Glass Holdings Ltd. | 10,000 | 32,671 | ||||||
|
| |||||||
| Total China |
| 408,276 | ||||||
| Denmark – 3.3% |
| |||||||
AP Moller—Maersk A/S, Class B | 105 | 244,499 | ||||||
DSV Panalpina A/S | 1,491 | 293,231 | ||||||
Novo Nordisk A/S, Class B | 4,783 | 324,828 | ||||||
Novozymes A/S, Class B | 6,349 | 407,651 | ||||||
|
| |||||||
| Total Denmark |
| 1,270,209 | ||||||
| Finland – 1.0% |
| |||||||
Kesko Oyj, Class B | 1,372 | 42,054 | ||||||
Kone Oyj, Class B | 2,365 | 193,626 | ||||||
Orion Oyj, Class B | 3,580 | 143,773 | ||||||
|
| |||||||
| Total Finland |
| 379,453 | ||||||
| France – 8.2% |
| |||||||
BioMerieux | 3,135 | 399,775 | ||||||
Carrefour S.A. | 20,483 | 371,818 | ||||||
Iliad S.A. | 1,362 | 259,483 | ||||||
Ipsen S.A. | 4,670 | 401,495 | ||||||
Orange S.A. | 12,255 | 151,306 | ||||||
Publicis Groupe S.A. | 1,186 | 72,539 | ||||||
Sanofi | 5,325 | 527,276 | ||||||
Sartorius Stedim Biotech | 1,075 | 443,722 | ||||||
TOTAL SE | 2,955 | 138,139 | ||||||
Vivendi SE | 10,787 | 354,983 | ||||||
|
| |||||||
| Total France |
| 3,120,536 | ||||||
| Germany – 7.4% |
| |||||||
Brenntag SE | 2,822 | 241,456 | ||||||
Daimler AG, Registered Shares | 3,141 | 280,600 | ||||||
Deutsche Post AG, Registered Shares | 4,385 | 240,780 | ||||||
Deutsche Wohnen SE, Bearer Shares | 4,874 | 227,876 | ||||||
Fresenius Medical Care AG & Co. KGaA | 3,681 | 271,344 | ||||||
HelloFresh SE* | 3,841 | 287,111 | ||||||
Knorr-Bremse AG | 1,952 | 244,147 | ||||||
LEG Immobilien SE | 1,649 | 217,374 | ||||||
Siemens Healthineers AG(b) | 4,836 | 262,589 | ||||||
Symrise AG | 2,860 | 347,564 | ||||||
TeamViewer AG*(b) | 4,524 | 193,700 | ||||||
|
| |||||||
| Total Germany |
| 2,814,541 | ||||||
| Hong Kong – 5.0% |
| |||||||
CK Asset Holdings Ltd. | 20,500 | 124,459 | ||||||
CLP Holdings Ltd. | 21,000 | 203,937 | ||||||
Henderson Land Development Co., Ltd. | 32,000 | 143,650 | ||||||
Hong Kong & China Gas Co., Ltd. | 119,000 | 188,271 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 5,200 | 305,936 | ||||||
Hongkong Land Holdings Ltd. | 6,000 | 29,460 | ||||||
Jardine Matheson Holdings Ltd. | 2,400 | 156,936 | ||||||
Jardine Strategic Holdings Ltd. | 3,600 | 118,872 | ||||||
MTR Corp., Ltd. | 22,500 | 127,485 | ||||||
Power Assets Holdings Ltd. | 34,000 | 200,734 | ||||||
Sino Land Co., Ltd. | 80,000 | 111,339 | ||||||
Sun Hung Kai Properties Ltd. | 10,500 | 159,098 | ||||||
Swire Properties Ltd. | 8,200 | 25,366 | ||||||
|
| |||||||
| Total Hong Kong |
| 1,895,543 | ||||||
| Israel – 0.5% |
| |||||||
Check Point Software Technologies Ltd.* | 1,784 | 199,754 | ||||||
| Italy – 1.4% |
| |||||||
Assicurazioni Generali SpA | 14,821 | 297,170 | ||||||
DiaSorin SpA | 523 | 84,088 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 2,689 | 144,967 | ||||||
|
| |||||||
| Total Italy |
| 526,225 | ||||||
| Japan – 27.1% |
| |||||||
AGC, Inc. | 900 | 37,710 | ||||||
Air Water, Inc.(a) | 6,100 | 107,095 | ||||||
Ajinomoto Co., Inc. | 4,800 | 98,411 | ||||||
Brother Industries Ltd. | 2,400 | 53,191 | ||||||
Calbee, Inc. | 3,200 | 81,723 | ||||||
Capcom Co., Ltd. | 1,000 | 32,534 | ||||||
Chubu Electric Power Co., Inc. | 15,000 | 193,439 | ||||||
Chugoku Electric Power Co., Inc. (The) | 15,000 | 184,480 | ||||||
Cosmos Pharmaceutical Corp. | 400 | 62,516 | ||||||
CyberAgent, Inc. | 2,400 | 43,287 | ||||||
Daito Trust Construction Co., Ltd. | 900 | 104,498 | ||||||
ENEOS Holdings, Inc. | 7,000 | 31,776 | ||||||
FUJIFILM Holdings Corp. | 2,200 | 130,825 | ||||||
Fujitsu Ltd. | 1,000 | 144,796 | ||||||
Hirose Electric Co., Ltd. | 600 | 92,416 | ||||||
Hoya Corp. | 800 | 94,154 | ||||||
Iida Group Holdings Co., Ltd. | 5,500 | 133,195 | ||||||
ITOCHU Corp.(a) | 5,500 | 178,538 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Multifactor Fund (DWMF)
March 31, 2021
| Investments | Shares | Value | ||||||
Itochu Techno-Solutions Corp. | 4,600 | $ | 148,407 | |||||
Japan Post Insurance Co., Ltd. | 12,100 | 249,008 | ||||||
Japan Tobacco, Inc. | 5,600 | 107,692 | ||||||
Kao Corp. | 1,500 | 99,271 | ||||||
KDDI Corp. | 4,700 | 144,403 | ||||||
Kirin Holdings Co., Ltd. | 3,100 | 59,489 | ||||||
Koei Tecmo Holdings Co., Ltd. | 650 | 29,206 | ||||||
Konami Holdings Corp. | 500 | 29,819 | ||||||
Kurita Water Industries Ltd. | 1,900 | 81,588 | ||||||
Kyushu Electric Power Co., Inc. | 18,600 | 183,812 | ||||||
Lion Corp. | 3,100 | 60,569 | ||||||
Lixil Corp. | 3,600 | 100,181 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 4,000 | 184,615 | ||||||
Medipal Holdings Corp. | 6,100 | 117,252 | ||||||
MEIJI Holdings Co., Ltd. | 1,800 | 115,982 | ||||||
Mitsubishi Corp. | 900 | 25,493 | ||||||
Mitsubishi Electric Corp. | 8,100 | 123,626 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 4,200 | 103,157 | ||||||
Mitsui Chemicals, Inc. | 2,200 | 69,584 | ||||||
Miura Co., Ltd. | 2,100 | 113,647 | ||||||
Murata Manufacturing Co., Ltd. | 1,300 | 104,024 | ||||||
NEC Corp. | 2,500 | 147,511 | ||||||
NH Foods Ltd. | 1,700 | 73,000 | ||||||
Nintendo Co., Ltd. | 300 | 167,810 | ||||||
Nippon Express Co., Ltd. | 1,700 | 126,769 | ||||||
Nippon Telegraph & Telephone Corp. | 5,400 | 138,885 | ||||||
Nippon Yusen K.K. | 3,500 | 119,570 | ||||||
Nissin Foods Holdings Co., Ltd. | 1,200 | 89,158 | ||||||
Nitori Holdings Co., Ltd. | 900 | 174,502 | ||||||
Nitto Denko Corp. | 1,300 | 111,294 | ||||||
Nomura Holdings, Inc. | 40,800 | 214,671 | ||||||
Nomura Real Estate Holdings, Inc. | 1,400 | 33,765 | ||||||
Nomura Research Institute Ltd. | 4,900 | 151,878 | ||||||
Obic Co., Ltd. | 400 | 73,231 | ||||||
Ono Pharmaceutical Co., Ltd. | 4,700 | 122,923 | ||||||
Osaka Gas Co., Ltd. | 10,100 | 197,156 | ||||||
Otsuka Holdings Co., Ltd. | 2,600 | 110,282 | ||||||
Pan Pacific International Holdings Corp. | 6,000 | 141,774 | ||||||
Rinnai Corp. | 1,500 | 168,190 | ||||||
SCSK Corp. | 2,100 | 124,670 | ||||||
Sekisui House Ltd. | 7,200 | 154,686 | ||||||
SG Holdings Co., Ltd. | 4,800 | 110,205 | ||||||
Shimamura Co., Ltd. | 1,600 | 184,905 | ||||||
Shizuoka Bank Ltd. (The)(a) | 38,800 | 305,484 | ||||||
SoftBank Corp. | 12,000 | 156,217 | ||||||
Sohgo Security Services Co., Ltd. | 2,100 | 99,394 | ||||||
Sompo Holdings, Inc. | 6,900 | 264,885 | ||||||
Sony Corp. | 1,500 | 157,398 | ||||||
Square Enix Holdings Co., Ltd. | 600 | 33,394 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 8,000 | 290,100 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 7,900 | 275,892 | ||||||
Sundrug Co., Ltd. | 1,900 | 69,638 | ||||||
T&D Holdings, Inc. | 17,100 | 220,675 | ||||||
Taisei Corp. | 3,200 | 123,656 | ||||||
TDK Corp. | 600 | 83,240 | ||||||
TIS, Inc. | 5,500 | 131,453 | ||||||
Toho Gas Co., Ltd. | 1,700 | 105,077 | ||||||
Tohoku Electric Power Co., Inc. | 21,400 | 202,380 | ||||||
Tokyo Electron Ltd. | 200 | 84,688 | ||||||
Tokyo Gas Co., Ltd. | 8,000 | 178,281 | ||||||
Tosoh Corp. | 3,700 | 70,919 | ||||||
Toyo Suisan Kaisha Ltd. | 2,000 | 84,163 | ||||||
Trend Micro, Inc. | 2,000 | 100,271 | ||||||
Yakult Honsha Co., Ltd. | 1,500 | 76,018 | ||||||
Yamada Holdings Co., Ltd. | 26,000 | 140,471 | ||||||
Yamato Holdings Co., Ltd. | 4,000 | 109,864 | ||||||
|
| |||||||
| Total Japan |
| 10,355,802 | ||||||
| Netherlands – 3.7% |
| |||||||
Koninklijke Ahold Delhaize N.V. | 9,375 | 261,688 | ||||||
Koninklijke Philips N.V.* | 5,070 | 290,043 | ||||||
Koninklijke Vopak N.V. | 5,664 | 282,585 | ||||||
QIAGEN N.V.* | 5,545 | 268,958 | ||||||
Wolters Kluwer N.V. | 3,575 | 311,430 | ||||||
|
| |||||||
| Total Netherlands |
| 1,414,704 | ||||||
| New Zealand – 0.8% |
| |||||||
Fisher & Paykel Healthcare Corp., Ltd. | 5,816 | 130,751 | ||||||
Spark New Zealand Ltd. | 57,786 | 181,308 | ||||||
|
| |||||||
| Total New Zealand |
| 312,059 | ||||||
| Norway – 2.0% |
| |||||||
Norsk Hydro ASA | 27,718 | 177,809 | ||||||
Orkla ASA | 16,471 | 161,770 | ||||||
Telenor ASA | 11,133 | 196,280 | ||||||
Yara International ASA | 4,641 | 241,827 | ||||||
|
| |||||||
| Total Norway |
| 777,686 | ||||||
| Portugal – 0.4% |
| |||||||
Jeronimo Martins, SGPS, S.A. | 9,543 | 160,948 | ||||||
| Singapore – 3.0% |
| |||||||
Oversea-Chinese Banking Corp., Ltd. | 48,700 | 425,889 | ||||||
Singapore Airlines Ltd.* | 19,600 | 80,962 | ||||||
Singapore Exchange Ltd. | 57,100 | 423,703 | ||||||
UOL Group Ltd. | 33,400 | 196,383 | ||||||
|
| |||||||
| Total Singapore |
| 1,126,937 | ||||||
| Spain – 0.4% |
| |||||||
Repsol S.A. | 11,091 | 137,652 | ||||||
| Sweden – 5.6% |
| |||||||
Boliden AB | 4,167 | 154,894 | ||||||
Electrolux AB, Series B | 8,688 | 241,414 | ||||||
Essity AB, Class B(a) | 7,371 | 233,317 | ||||||
Evolution Gaming Group AB(b) | 1,749 | 258,047 | ||||||
Husqvarna AB, Class B | 18,366 | 265,071 | ||||||
ICA Gruppen AB | 3,988 | 195,367 | ||||||
Kinnevik AB, Class B | 7,751 | 377,577 | ||||||
Swedish Match AB | 2,521 | 197,196 | ||||||
Telefonaktiebolaget LM Ericsson, Class B | 16,883 | 223,814 | ||||||
|
| |||||||
| Total Sweden |
| 2,146,697 | ||||||
See Notes to Financial Statements.
| 52 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Multifactor Fund (DWMF)
March 31, 2021
| Investments | Shares | Value | ||||||
| Switzerland – 8.2% |
| |||||||
Givaudan S.A., Registered Shares | 103 | $ | 398,583 | |||||
Kuehne + Nagel International AG, Registered Shares | 1,433 | 410,647 | ||||||
Logitech International S.A., Registered Shares | 3,539 | 372,795 | ||||||
Nestle S.A., Registered Shares | 2,549 | 285,302 | ||||||
Novartis AG, Registered Shares | 3,605 | 309,383 | ||||||
Roche Holding AG, Genusschein | 980 | 318,059 | ||||||
Schindler Holding AG, Participation Certificate | 1,223 | 360,734 | ||||||
Sika AG, Registered Shares | 1,245 | 357,169 | ||||||
Swisscom AG, Registered Shares | 584 | 314,602 | ||||||
|
| |||||||
| Total Switzerland |
| 3,127,274 | ||||||
| United Kingdom – 10.9% |
| |||||||
Admiral Group PLC | 12,508 | 535,149 | ||||||
Bunzl PLC | 8,976 | 287,685 | ||||||
CK Hutchison Holdings Ltd. | 4,000 | 31,874 | ||||||
Entain PLC* | 13,189 | 276,228 | ||||||
Ferguson PLC | 1,334 | 159,536 | ||||||
Hikma Pharmaceuticals PLC | 7,838 | 246,129 | ||||||
Imperial Brands PLC | 11,188 | 230,306 | ||||||
J Sainsbury PLC | 90,663 | 303,338 | ||||||
Kingfisher PLC* | 75,414 | 331,187 | ||||||
Pearson PLC | 21,823 | 232,323 | ||||||
Reckitt Benckiser Group PLC | 2,802 | 251,207 | ||||||
Rio Tinto PLC | 3,324 | 254,530 | ||||||
Royal Dutch Shell PLC, Class A | 6,585 | 128,448 | ||||||
Segro PLC(b) | 17,113 | 221,375 | ||||||
Tesco PLC | 65,841 | 207,889 | ||||||
Unilever PLC | 3,462 | 193,736 | ||||||
WM Morrison Supermarkets PLC | 102,040 | 256,862 | ||||||
|
| |||||||
| Total United Kingdom |
| 4,147,802 | ||||||
| TOTAL COMMON STOCKS (Cost: $33,791,797) |
| 37,532,012 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0% |
| |||||||
| United States – 1.0% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $364,891) | 364,891 | 364,891 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 99.4% (Cost: $34,156,688) |
| 37,896,903 | ||||||
Other Assets less Liabilities – 0.6% |
| 241,413 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 38,138,316 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $580,467 and the total market value of the collateral held by the Fund was $610,732. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $245,841. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 4/7/2021 | 258,717 | SGD | 192,383 | USD | $ | 170 | $ | — | |||||||||||||||||||
Bank of America N.A. | 4/8/2021 | 277,484 | USD | 232,320 | EUR | 4,427 | — | |||||||||||||||||||||
Bank of America N.A. | 4/8/2021 | 233,200 | USD | 325,426 | NZD | 5,289 | — | |||||||||||||||||||||
Bank of America N.A. | 4/8/2021 | 221,469 | USD | 1,880,525 | SEK | 5,717 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/8/2021 | 566,583 | USD | 3,526,627 | DKK | 9,265 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/8/2021 | 833,643 | USD | 7,101,273 | SEK | 18,915 | — | |||||||||||||||||||||
Citibank N.A. | 4/8/2021 | 2,957,119 | USD | 2,474,800 | EUR | 48,368 | — | |||||||||||||||||||||
Goldman Sachs | 4/6/2021 | 9,483,845 | USD | 1,026,254,454 | JPY | 196,071 | — | |||||||||||||||||||||
Goldman Sachs | 4/7/2021 | 758,358 | USD | 1,016,183 | SGD | 2,052 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/6/2021 | 91,811 | USD | 304,664 | ILS | 448 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/8/2021 | 2,049,219 | USD | 1,477,952 | GBP | 10,075 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/6/2021 | 1,366 | ILS | 410 | USD | — | (0 | )^ | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/6/2021 | 4,621,997 | JPY | 42,355 | USD | — | (525 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/7/2021 | 4,569 | SGD | 3,387 | USD | 14 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 9,412 | AUD | 7,126 | USD | 43 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 7,446 | CHF | 7,929 | USD | — | (17 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 15,975 | DKK | 2,530 | USD | — | (5 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 11,212 | EUR | 13,206 | USD | — | (28 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 6,669 | GBP | 9,152 | USD | 50 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 3,916 | NOK | 452 | USD | 7 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 1,498 | NZD | 1,041 | USD | 8 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 32,279 | SEK | 3,723 | USD | — | (20 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/8/2021 | 101,139 | USD | 862,063 | NOK | 152 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 53 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Multifactor Fund (DWMF)
March 31, 2021
| 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 | 4/8/2021 | 1,595,673 | USD | 2,070,842 | AUD | $ | 18,392 | $ | — | |||||||||||||||||||
UBS AG | 4/8/2021 | 1,775,439 | USD | 1,644,504 | CHF | 28,009 | — | |||||||||||||||||||||
| $ | 347,472 | $ | (595 | ) | ||||||||||||||||||||||||
| ^ | Amount represents less than $1. |
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 37,532,012 | $ | — | $ | — | $ | 37,532,012 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 364,891 | — | 364,891 | ||||||||||||
Total Investments in Securities | $ | 37,532,012 | $ | 364,891 | $ | — | $ | 37,896,903 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 347,472 | $ | — | $ | 347,472 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (595 | ) | $ | — | $ | (595 | ) | ||||||
| Total – Net | $ | 37,532,012 | $ | 711,768 | $ | — | $ | 38,243,780 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| 54 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree International Quality Dividend Growth Fund (IQDG)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.0% |
| |||||||
| Australia – 11.4% |
| |||||||
Appen Ltd. | 1,340 | $ | 16,156 | |||||
Beach Energy Ltd.(a) | 80,970 | 105,765 | ||||||
BHP Group Ltd.(a) | 322,745 | 11,135,589 | ||||||
BlueScope Steel Ltd. | 16,005 | 235,881 | ||||||
Brambles Ltd. | 94,679 | 762,948 | ||||||
Breville Group Ltd. | 4,547 | 93,507 | ||||||
Charter Hall Group | 31,036 | 304,465 | ||||||
Codan Ltd. | 7,140 | 83,965 | ||||||
CSL Ltd. | 8,371 | 1,687,348 | ||||||
Domino’s Pizza Enterprises Ltd. | 5,193 | 380,693 | ||||||
Elders Ltd. | 7,928 | 75,057 | ||||||
Goodman Group | 62,351 | 860,512 | ||||||
JB Hi-Fi Ltd. | 9,151 | 360,899 | ||||||
Mineral Resources Ltd. | 17,733 | 513,511 | ||||||
Netwealth Group Ltd. | 4,384 | 45,011 | ||||||
NIB Holdings Ltd. | 45,281 | 180,374 | ||||||
Northern Star Resources Ltd. | 19,675 | 142,062 | ||||||
Ramelius Resources Ltd. | 20,419 | 22,939 | ||||||
Regis Resources Ltd. | 60,962 | 134,652 | ||||||
Rio Tinto Ltd. | 52,007 | 4,386,933 | ||||||
St Barbara Ltd. | 77,074 | 115,352 | ||||||
Technology One Ltd. | 11,319 | 80,521 | ||||||
|
| |||||||
| Total Australia |
| 21,724,140 | ||||||
| Belgium – 0.1% |
| |||||||
Fagron | 4,621 | 102,810 | ||||||
Melexis N.V. | 1,408 | 149,348 | ||||||
|
| |||||||
| Total Belgium |
| 252,158 | ||||||
| China – 2.2% |
| |||||||
China Overseas Grand Oceans Group Ltd. | 540,000 | 352,848 | ||||||
China Overseas Land & Investment Ltd. | 1,330,001 | 3,455,681 | ||||||
China Tobacco International HK Co., Ltd.(a) | 23,000 | 59,760 | ||||||
CSPC Pharmaceutical Group Ltd. | 223,360 | 270,062 | ||||||
|
| |||||||
| Total China |
| 4,138,351 | ||||||
| Denmark – 4.8% |
| |||||||
Coloplast A/S, Class B | 6,918 | 1,042,737 | ||||||
DSV Panalpina A/S | 1,563 | 307,391 | ||||||
H. Lundbeck A/S | 2,317 | 79,346 | ||||||
Novo Nordisk A/S, Class B | 61,149 | 4,152,811 | ||||||
Novozymes A/S, Class B | 7,624 | 489,516 | ||||||
Orsted A/S(b) | 11,214 | 1,815,555 | ||||||
Royal Unibrew A/S | 2,545 | 266,809 | ||||||
Vestas Wind Systems A/S | 4,687 | 964,368 | ||||||
|
| |||||||
| Total Denmark |
| 9,118,533 | ||||||
| Finland – 2.5% |
| |||||||
Kone Oyj, Class B | 27,394 | 2,242,784 | ||||||
Neste Oyj | 36,529 | 1,943,126 | ||||||
Uponor Oyj | 3,795 | 84,388 | ||||||
Valmet Oyj(a) | 13,000 | 473,798 | ||||||
|
| |||||||
| Total Finland |
| 4,744,096 | ||||||
| France – 6.0% |
| |||||||
BioMerieux | 821 | $ | 104,694 | |||||
Hermes International | 1,559 | 1,729,683 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 13,395 | 8,943,676 | ||||||
Sartorius Stedim Biotech | 43 | 17,749 | ||||||
Trigano S.A. | 1,238 | 231,930 | ||||||
Verallia S.A.(b) | 12,597 | 455,261 | ||||||
|
| |||||||
| Total France |
| 11,482,993 | ||||||
| Germany – 5.9% |
| |||||||
Bechtle AG | 626 | 117,644 | ||||||
CANCOM SE | 300 | 17,326 | ||||||
Carl Zeiss Meditec AG, Bearer Shares | 1,079 | 162,957 | ||||||
CompuGroup Medical SE & Co. KgaA | 954 | 80,785 | ||||||
Dermapharm Holding SE | 3,223 | 231,105 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 1,102 | 88,137 | ||||||
Fuchs Petrolub SE | 5,971 | 240,708 | ||||||
Infineon Technologies AG | 39,014 | 1,657,820 | ||||||
Knorr-Bremse AG | 6,481 | 810,614 | ||||||
Nemetschek SE | 1,640 | 104,856 | ||||||
SAP SE | 47,262 | 5,800,218 | ||||||
Siemens Healthineers AG(b) | 33,805 | 1,835,572 | ||||||
Softwareone Holding AG* | 2,411 | 62,507 | ||||||
STRATEC SE | 63 | 8,530 | ||||||
VERBIO Vereinigte BioEnergie AG | 1,036 | 44,686 | ||||||
|
| |||||||
| Total Germany |
| 11,263,465 | ||||||
| Hong Kong – 2.1% |
| |||||||
Hong Kong Exchanges & Clearing Ltd. | 48,700 | 2,865,203 | ||||||
Techtronic Industries Co., Ltd. | 58,000 | 992,225 | ||||||
Vitasoy International Holdings Ltd.(a) | 22,000 | 84,610 | ||||||
|
| |||||||
| Total Hong Kong |
| 3,942,038 | ||||||
| Israel – 0.1% |
| |||||||
Matrix IT Ltd. | 4,510 | 108,223 | ||||||
Maytronics Ltd. | 139 | 2,530 | ||||||
Strauss Group Ltd. | 4,467 | 120,559 | ||||||
|
| |||||||
| Total Israel |
| 231,312 | ||||||
| Italy – 0.9% |
| |||||||
Davide Campari-Milano N.V. | 1,548 | 17,378 | ||||||
DiaSorin SpA | 1,091 | 175,412 | ||||||
Ferrari N.V. | 3,115 | 652,950 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 10,882 | 586,659 | ||||||
Zignago Vetro SpA | 10,858 | 206,735 | ||||||
|
| |||||||
| Total Italy |
| 1,639,134 | ||||||
| Japan – 19.0% |
| |||||||
ABC-Mart, Inc. | 6,500 | 367,059 | ||||||
Advantest Corp. | 8,900 | 779,656 | ||||||
Asahi Holdings, Inc.(a) | 7,000 | 134,172 | ||||||
Asahi Intecc Co., Ltd. | 1,300 | 35,882 | ||||||
Astellas Pharma, Inc. | 74,500 | 1,147,502 | ||||||
Bandai Namco Holdings, Inc. | 9,300 | 664,298 | ||||||
Benefit One, Inc. | 700 | 18,618 | ||||||
Bridgestone Corp. | 51,300 | 2,077,534 | ||||||
Capcom Co., Ltd. | 3,000 | 97,602 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 55 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Quality Dividend Growth Fund (IQDG)
March 31, 2021
| Investments | Shares | Value | ||||||
Chugai Pharmaceutical Co., Ltd. | 31,600 | $ | 1,283,732 | |||||
Cosmos Pharmaceutical Corp. | 200 | 31,258 | ||||||
Create SD Holdings Co., Ltd. | 3,500 | 114,027 | ||||||
CyberAgent, Inc. | 2,400 | 43,287 | ||||||
Daifuku Co., Ltd. | 600 | 58,860 | ||||||
Daikin Industries Ltd. | 3,700 | 747,367 | ||||||
Daiwabo Holdings Co., Ltd. | 6,500 | 98,941 | ||||||
Dip Corp. | 6,000 | 157,412 | ||||||
Disco Corp. | 1,400 | 440,272 | ||||||
DTS Corp. | 1,500 | 34,290 | ||||||
Elecom Co., Ltd. | 2,400 | 53,343 | ||||||
en-japan, Inc. | 1,900 | 58,719 | ||||||
Fancl Corp. | 3,600 | 121,683 | ||||||
Fast Retailing Co., Ltd. | 1,400 | 1,116,579 | ||||||
Funai Soken Holdings, Inc. | 3,200 | 62,147 | ||||||
Fuso Chemical Co., Ltd. | 1,100 | 40,466 | ||||||
GMO Payment Gateway, Inc. | 100 | 13,285 | ||||||
GungHo Online Entertainment, Inc. | 2,800 | 55,392 | ||||||
Hikari Tsushin, Inc. | 1,500 | 302,308 | ||||||
Horiba Ltd. | 300 | 18,950 | ||||||
Hoya Corp. | 4,100 | 482,538 | ||||||
Infocom Corp. | 2,700 | 68,758 | ||||||
Japan Lifeline Co., Ltd. | 6,000 | 76,072 | ||||||
Justsystems Corp. | 500 | 27,376 | ||||||
Kakaku.com, Inc. | 7,600 | 207,710 | ||||||
Kaken Pharmaceutical Co., Ltd. | 6,400 | 251,077 | ||||||
Kanematsu Electronics Ltd. | 5,600 | 189,032 | ||||||
Kao Corp. | 18,800 | 1,244,203 | ||||||
Katitas Co., Ltd. | 700 | 19,575 | ||||||
Keyence Corp. | 1,600 | 727,891 | ||||||
Kose Corp. | 600 | 85,032 | ||||||
Kotobuki Spirits Co., Ltd.(a) | 1,100 | 71,575 | ||||||
Kusuri no Aoki Holdings Co., Ltd.(a) | 700 | 53,719 | ||||||
Kyudenko Corp. | 9,300 | 356,009 | ||||||
Mani, Inc. | 2,400 | 60,380 | ||||||
Maruwa Unyu Kikan Co., Ltd. | 1,100 | 19,203 | ||||||
Meitec Corp. | 600 | 33,176 | ||||||
Milbon Co., Ltd. | 2,300 | 126,344 | ||||||
MINEBEA MITSUMI, Inc. | 16,300 | 417,310 | ||||||
Murata Manufacturing Co., Ltd. | 19,900 | 1,592,360 | ||||||
Nexon Co., Ltd. | 700 | 22,742 | ||||||
NGK Spark Plug Co., Ltd.(a) | 16,700 | 288,812 | ||||||
Nihon Unisys Ltd. | 6,700 | 206,760 | ||||||
Nippon Shinyaku Co., Ltd. | 2,000 | 148,959 | ||||||
Nissan Chemical Corp. | 7,300 | 390,434 | ||||||
NSD Co., Ltd. | 6,600 | 109,960 | ||||||
Obic Co., Ltd.(a) | 1,900 | 347,846 | ||||||
OKUMA Corp. | 2,600 | 149,412 | ||||||
Olympus Corp. | 9,400 | 194,891 | ||||||
Oracle Corp. | 4,000 | 390,950 | ||||||
Outsourcing, Inc. | 1,273 | 20,552 | ||||||
Pan Pacific International Holdings Corp. | 2,800 | 66,161 | ||||||
Pigeon Corp. | 4,500 | 171,041 | ||||||
Pilot Corp. | 7,100 | 226,814 | ||||||
Prestige International, Inc. | 10,700 | 79,596 | ||||||
Recruit Holdings Co., Ltd. | 22,400 | 1,094,863 | ||||||
Ryohin Keikaku Co., Ltd. | 6,000 | 142,154 | ||||||
Sakai Moving Service Co., Ltd. | 2,300 | 103,136 | ||||||
Sanwa Holdings Corp. | 18,600 | 243,904 | ||||||
SCSK Corp. | 6,200 | 368,072 | ||||||
Seria Co., Ltd. | 1,400 | 48,968 | ||||||
Shimadzu Corp. | 2,300 | 83,362 | ||||||
Shionogi & Co., Ltd. | 11,100 | 597,893 | ||||||
SoftBank Corp.(a) | 610,200 | 7,943,644 | ||||||
Sony Corp. | 12,700 | 1,332,638 | ||||||
Starts Corp., Inc. | 700 | 18,403 | ||||||
Sundrug Co., Ltd. | 6,100 | 223,575 | ||||||
Sysmex Corp. | 3,600 | 388,507 | ||||||
Systena Corp. | 1,700 | 34,031 | ||||||
T-Gaia Corp. | 9,700 | 168,280 | ||||||
TechnoPro Holdings, Inc. | 2,000 | 166,878 | ||||||
Tokuyama Corp. | 5,600 | 141,546 | ||||||
Tokyo Electron Ltd. | 7,500 | 3,175,792 | ||||||
USS Co., Ltd. | 10,100 | 197,795 | ||||||
ValueCommerce Co., Ltd. | 1,400 | 45,484 | ||||||
Wacom Co., Ltd. | 2,700 | 18,155 | ||||||
Workman Co., Ltd. | 300 | 21,529 | ||||||
Yamaha Corp. | 6,200 | 337,213 | ||||||
ZOZO, Inc.(a) | 8,300 | 245,620 | ||||||
|
| |||||||
| Total Japan |
| 36,240,353 | ||||||
| Netherlands – 4.0% |
| |||||||
ASM International N.V. | 2,138 | 623,172 | ||||||
ASML Holding N.V. | 7,939 | 4,823,973 | ||||||
BE Semiconductor Industries N.V. | 9,651 | 810,331 | ||||||
Euronext N.V.(b) | 4,101 | 414,029 | ||||||
IMCD N.V. | 113 | 15,738 | ||||||
Wolters Kluwer N.V. | 10,088 | 878,798 | ||||||
|
| |||||||
| Total Netherlands |
| 7,566,041 | ||||||
| Norway – 0.1% |
| |||||||
Borregaard ASA | 3,672 | 80,096 | ||||||
Fjordkraft Holding ASA(b) | 10,668 | 87,105 | ||||||
|
| |||||||
| Total Norway |
| 167,201 | ||||||
| Portugal – 0.2% |
| |||||||
Corticeira Amorim, SGPS, S.A. | 8,423 | 100,183 | ||||||
Jeronimo Martins, SGPS, S.A. | 18,442 | 311,035 | ||||||
|
| |||||||
| Total Portugal |
| 411,218 | ||||||
| Singapore – 0.4% |
| |||||||
Riverstone Holdings Ltd. | 18,600 | 17,027 | ||||||
Singapore Exchange Ltd. | 93,900 | 696,772 | ||||||
|
| |||||||
| Total Singapore |
| 713,799 | ||||||
| Spain – 0.5% |
| |||||||
Faes Farma S.A. | 72,184 | 310,082 | ||||||
Grifols S.A.(a) | 6,921 | 181,638 | ||||||
Prosegur Cash S.A.(a)(b) | 367,740 | 335,823 | ||||||
Prosegur Cia de Seguridad S.A. | 30,712 | 97,820 | ||||||
|
| |||||||
| Total Spain |
| 925,363 | ||||||
See Notes to Financial Statements.
| 56 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Quality Dividend Growth Fund (IQDG)
March 31, 2021
| Investments | Shares | Value | ||||||
| Sweden – 3.4% |
| |||||||
Atlas Copco AB, Class A | 27,986 | $ | 1,706,843 | |||||
Atlas Copco AB, Class B | 19,461 | 1,014,768 | ||||||
Axfood AB(a) | 18,750 | 449,159 | ||||||
Beijer Ref AB | 3,625 | 159,618 | ||||||
BioGaia AB, Class B | 475 | 22,343 | ||||||
Elekta AB, Class B(a) | 12,334 | 160,254 | ||||||
Epiroc AB, Class B | 14,834 | 309,655 | ||||||
EQT AB | 14,328 | 472,597 | ||||||
Essity AB, Class B(a) | 36,318 | 1,149,586 | ||||||
Evolution Gaming Group AB(b) | 5,296 | 781,370 | ||||||
Lagercrantz Group AB, Class B | 2,381 | 21,608 | ||||||
Lifco AB, Class B | 1,637 | 152,501 | ||||||
|
| |||||||
| Total Sweden |
| 6,400,302 | ||||||
| Switzerland – 10.1% |
| |||||||
Bucher Industries AG, Registered Shares | 579 | 296,283 | ||||||
Geberit AG, Registered Shares | 1,652 | 1,055,988 | ||||||
Givaudan S.A., Registered Shares | 386 | 1,493,717 | ||||||
Kardex Holding AG, Registered Shares | 742 | 152,003 | ||||||
Kuehne + Nagel International AG, Registered Shares | 6,832 | 1,957,807 | ||||||
Logitech International S.A., Registered Shares | 6,377 | 671,748 | ||||||
Partners Group Holding AG | 1,653 | 2,119,929 | ||||||
Roche Holding AG, Bearer Shares(a) | 7,438 | 2,552,700 | ||||||
Roche Holding AG, Genusschein | 20,952 | 6,799,967 | ||||||
Schindler Holding AG, Participation Certificate | 1,659 | 489,336 | ||||||
SFS Group AG | 1,743 | 217,424 | ||||||
Sika AG, Registered Shares | 2,708 | 776,879 | ||||||
STMicroelectronics N.V.(a) | 10,043 | 383,851 | ||||||
Temenos AG, Registered Shares | 1,542 | 222,907 | ||||||
|
| |||||||
| Total Switzerland |
| 19,190,539 | ||||||
| United Kingdom – 25.3% |
| |||||||
AJ Bell PLC | 23,115 | 133,786 | ||||||
Ashmore Group PLC | 49,925 | 269,602 | ||||||
Ashtead Group PLC | 14,454 | 862,899 | ||||||
Berkeley Group Holdings PLC | 15,899 | 973,733 | ||||||
Bodycote PLC | 22,233 | 253,528 | ||||||
Bunzl PLC | 15,970 | 511,846 | ||||||
CMC Markets PLC(b) | 33,236 | 221,483 | ||||||
Cranswick PLC | 3,641 | 182,654 | ||||||
Croda International PLC | 3,502 | 306,717 | ||||||
FDM Group Holdings PLC | 7,212 | 100,300 | ||||||
Ferrexpo PLC | 172,997 | 894,110 | ||||||
Fevertree Drinks PLC | 3,435 | 101,420 | ||||||
Fresnillo PLC | 28,698 | 342,177 | ||||||
Games Workshop Group PLC | 1,294 | 177,908 | ||||||
Gamma Communications PLC | 389 | 8,802 | ||||||
GlaxoSmithKline PLC | 399,868 | 7,105,871 | ||||||
Hargreaves Lansdown PLC | 43,703 | 929,479 | ||||||
Hilton Food Group PLC | 9,165 | 135,807 | ||||||
HomeServe PLC | 20,089 | 332,879 | ||||||
IMI PLC | 24,958 | 459,357 | ||||||
Intertek Group PLC | 6,700 | 517,849 | ||||||
Linde PLC | 20,962 | 5,885,690 | ||||||
Moneysupermarket.com Group PLC | 59,191 | 217,721 | ||||||
RELX PLC | 130,056 | 3,263,983 | ||||||
Rio Tinto PLC | 159,815 | 12,237,574 | ||||||
Rotork PLC | 18,707 | 92,039 | ||||||
RWS Holdings PLC | 12,917 | 108,534 | ||||||
Smith & Nephew PLC | 36,089 | 686,134 | ||||||
Spirax-Sarco Engineering PLC | 1,466 | 230,581 | ||||||
Spirent Communications PLC | 2,206 | 7,259 | ||||||
Unilever PLC | 189,862 | 10,624,801 | ||||||
|
| |||||||
| Total United Kingdom |
| 48,176,523 | ||||||
| TOTAL COMMON STOCKS (Cost: $159,627,627) |
| 188,327,559 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5% |
| |||||||
| United States – 2.5% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $4,742,777) | 4,742,777 | 4,742,777 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 101.5% (Cost: $164,370,404) |
| 193,070,336 | ||||||
Other Assets less Liabilities – (1.5)% |
| (2,763,137 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 190,307,199 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $13,954,577 and the total market value of the collateral held by the Fund was $14,723,048. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $9,980,271. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 | $ | 188,327,559 | $ | — | $ | — | $ | 188,327,559 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 4,742,777 | — | 4,742,777 | ||||||||||||
Total Investments in Securities | $ | 188,327,559 | $ | 4,742,777 | $ | — | $ | 193,070,336 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 57 |
Table of Contents
Schedule of Investments
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.0% |
| |||||||
| Australia – 13.1% |
| |||||||
Accent Group Ltd. | 1,716,217 | $ | 2,941,103 | |||||
Adairs Ltd. | 431,652 | 1,249,317 | ||||||
Adbri Ltd. | 1,269,734 | 3,365,483 | ||||||
ARB Corp., Ltd. | 85,701 | 2,248,695 | ||||||
Asaleo Care Ltd. | 1,148,846 | 1,225,026 | ||||||
AUB Group Ltd. | 182,058 | 2,670,678 | ||||||
Aurelia Metals Ltd. | 912,717 | 257,213 | ||||||
Austal Ltd. | 590,655 | 1,007,714 | ||||||
Australian Finance Group Ltd.(a) | 709,342 | 1,420,911 | ||||||
Baby Bunting Group Ltd. | 287,943 | 1,219,374 | ||||||
Bapcor Ltd. | 386,106 | 2,202,642 | ||||||
Beach Energy Ltd. | 2,063,295 | 2,695,137 | ||||||
Beacon Lighting Group Ltd. | 478,111 | 646,372 | ||||||
Bega Cheese Ltd. | 248,912 | 1,203,857 | ||||||
Bell Financial Group Ltd. | 1,253,450 | 1,708,895 | ||||||
Bingo Industries Ltd.(a) | 565,471 | 1,300,687 | ||||||
Bravura Solutions Ltd.(a) | 517,960 | 1,005,986 | ||||||
Brickworks Ltd. | 284,887 | 4,521,950 | ||||||
Capitol Health Ltd. | 2,409,794 | 633,220 | ||||||
Cedar Woods Properties Ltd. | 179,870 | 924,736 | ||||||
Centuria Capital Group | 1,122,827 | 2,120,899 | ||||||
Codan Ltd. | 252,664 | 2,971,297 | ||||||
Collins Foods Ltd. | 137,619 | 1,091,150 | ||||||
Costa Group Holdings Ltd. | 391,645 | 1,410,942 | ||||||
Cromwell Property Group | 12,647,573 | 7,947,245 | ||||||
Dicker Data Ltd. | 325,477 | 2,521,139 | ||||||
Elders Ltd. | 205,003 | 1,940,827 | ||||||
Growthpoint Properties Australia Ltd. | 2,763,417 | 7,303,505 | ||||||
GUD Holdings Ltd. | 115,363 | 1,027,156 | ||||||
GWA Group Ltd. | 657,398 | 1,432,023 | ||||||
Hansen Technologies Ltd. | 230,967 | 955,224 | ||||||
Home Consortium Ltd. | 365,805 | 1,225,908 | ||||||
IGO Ltd. | 861,595 | 4,121,148 | ||||||
Infomedia Ltd.(a) | 584,257 | 667,499 | ||||||
Ingenia Communities Group | 549,244 | 2,116,758 | ||||||
Inghams Group Ltd.(a) | 1,031,935 | 2,625,151 | ||||||
Integral Diagnostics Ltd. | 270,074 | 975,027 | ||||||
Integrated Research Ltd. | 285,777 | 504,976 | ||||||
Invocare Ltd.(a) | 168,095 | 1,435,211 | ||||||
IPH Ltd. | 508,191 | 2,562,362 | ||||||
IRESS Ltd. | 486,205 | 3,399,520 | ||||||
Johns Lyng Group Ltd. | 292,177 | 858,991 | ||||||
Jumbo Interactive Ltd.(a) | 115,316 | 1,113,690 | ||||||
Kogan.com Ltd.(a) | 82,693 | 755,797 | ||||||
MACA Ltd. | 991,196 | 773,818 | ||||||
Macmahon Holdings Ltd.(a) | 4,865,406 | 741,147 | ||||||
McPherson’s Ltd.(a) | 484,568 | 529,617 | ||||||
Metcash Ltd.(a) | 2,262,093 | 6,340,357 | ||||||
Moelis Australia Ltd. | 236,774 | 912,515 | ||||||
Monadelphous Group Ltd. | 190,336 | 1,507,682 | ||||||
Monash IVF Group Ltd. | 1,247,286 | 750,496 | ||||||
Money3 Corp. Ltd. | 401,550 | 886,938 | ||||||
NIB Holdings Ltd. | 842,902 | 3,357,641 | ||||||
Nick Scali Ltd. | 258,450 | 1,962,579 | ||||||
Nickel Mines Ltd. | 1,900,781 | 1,773,469 | ||||||
Nine Entertainment Co. Holdings Ltd. | 3,214,069 | 6,780,948 | ||||||
NRW Holdings Ltd. | 712,058 | 1,065,696 | ||||||
Omni Bridgeway Ltd. | 283,404 | 757,650 | ||||||
Orora Ltd. | 2,802,859 | 6,489,785 | ||||||
Pacific Current Group Ltd. | 204,240 | 843,132 | ||||||
Pact Group Holdings Ltd. | 314,470 | 843,097 | ||||||
Peet Ltd. | 512,507 | 448,904 | ||||||
Pendal Group Ltd. | 1,065,027 | 5,272,656 | ||||||
Perenti Global Ltd. | 2,520,844 | 1,948,801 | ||||||
Perpetual Ltd. | 158,937 | 3,993,584 | ||||||
Pinnacle Investment Management Group Ltd. | 330,102 | 2,318,113 | ||||||
Platinum Asset Management Ltd.(a) | 2,601,066 | 9,905,510 | ||||||
Premier Investments Ltd. | 267,241 | 5,298,253 | ||||||
Pro Medicus Ltd.(a) | 22,018 | 693,105 | ||||||
Ramelius Resources Ltd. | 670,682 | 753,467 | ||||||
Redcape Hotel Group | 1,541,010 | 1,161,973 | ||||||
Regis Resources Ltd. | 1,041,593 | 2,300,655 | ||||||
Reliance Worldwide Corp., Ltd. | 761,404 | 2,603,856 | ||||||
Resimac Group Ltd.(a) | 561,954 | 924,506 | ||||||
Sandfire Resources Ltd. | 454,033 | 1,846,648 | ||||||
SeaLink Travel Group Ltd. | 190,596 | 1,331,185 | ||||||
Select Harvests Ltd.(a) | 272,525 | 1,297,304 | ||||||
Service Stream Ltd.(a) | 1,028,094 | 833,946 | ||||||
SmartGroup Corp., Ltd. | 512,593 | 2,471,336 | ||||||
St Barbara Ltd. | 1,151,485 | 1,723,361 | ||||||
Steadfast Group Ltd. | 1,325,860 | 3,847,495 | ||||||
Super Retail Group Ltd.(a) | 217,928 | 1,953,642 | ||||||
Tassal Group Ltd.(a) | 420,626 | 1,070,035 | ||||||
Technology One Ltd.(a) | 372,499 | 2,649,888 | ||||||
Viva Energy Group Ltd.(b) | 2,282,724 | 2,920,910 | ||||||
|
| |||||||
| Total Australia |
| 183,418,141 | ||||||
| Austria – 1.4% |
| |||||||
AT&S Austria Technologie & Systemtechnik AG | 39,707 | 1,428,029 | ||||||
Oesterreichische Post AG(a) | 245,450 | 10,760,201 | ||||||
Schoeller-Bleckmann Oilfield Equipment AG | 55,700 | 2,504,005 | ||||||
UNIQA Insurance Group AG | 692,339 | 5,207,716 | ||||||
|
| |||||||
| Total Austria |
| 19,899,951 | ||||||
| Belgium – 2.2% |
| |||||||
Barco N.V. | 154,262 | 3,627,894 | ||||||
Bekaert S.A. | 64,183 | 2,691,494 | ||||||
Euronav N.V.(a) | 1,731,170 | 15,880,390 | ||||||
Fagron | 26,243 | 583,865 | ||||||
Intervest Offices & Warehouses N.V. | 84,091 | 2,090,299 | ||||||
Orange Belgium S.A. | 125,469 | 3,376,917 | ||||||
Recticel S.A. | 98,451 | 1,437,111 | ||||||
Xior Student Housing N.V. | 17,642 | 943,426 | ||||||
|
| |||||||
| Total Belgium |
| 30,631,396 | ||||||
| China – 4.0% |
| |||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 1,419,000 | 1,938,373 | ||||||
See Notes to Financial Statements.
| 58 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| Investments | Shares | Value | ||||||
China Overseas Grand Oceans Group Ltd. | 11,590,900 | $ | 7,573,754 | |||||
China Power International Development Ltd. | 43,690,800 | 10,171,825 | ||||||
China South City Holdings Ltd. | 18,258,200 | 2,019,699 | ||||||
China Tobacco International HK Co., Ltd.(a) | 397,000 | 1,031,507 | ||||||
CITIC Telecom International Holdings Ltd. | 7,882,822 | 2,788,334 | ||||||
CPMC Holdings Ltd.(a) | 5,005,009 | 2,832,617 | ||||||
Genertec Universal Medical Group Co., Ltd.(b) | 5,480,700 | 4,497,664 | ||||||
Poly Property Group Co., Ltd. | 14,951,600 | 4,404,063 | ||||||
Shanghai Industrial Holdings Ltd. | 3,781,000 | 5,641,505 | ||||||
Shougang Fushan Resources Group Ltd. | 13,915,612 | 3,454,538 | ||||||
Yanlord Land Group Ltd. | 8,005,400 | 7,388,133 | ||||||
Zensun Enterprises Ltd.(a) | 41,580,000 | 2,540,437 | ||||||
|
| |||||||
| Total China |
| 56,282,449 | ||||||
| Denmark – 1.8% |
| |||||||
Cementir Holding N.V. | 146,254 | 1,504,057 | ||||||
Chemometec A/S | 36,598 | 3,475,912 | ||||||
D/S Norden A/S | 105,224 | 2,444,382 | ||||||
NNIT A/S(b) | 72,280 | 1,215,337 | ||||||
Per Aarsleff Holding A/S | 45,382 | 1,975,797 | ||||||
Ringkjoebing Landbobank A/S | 40,726 | 3,990,253 | ||||||
Scandinavian Tobacco Group A/S, Class A(b) | 528,983 | 10,173,473 | ||||||
|
| |||||||
| Total Denmark |
| 24,779,211 | ||||||
| Finland – 4.1% |
| |||||||
Altia Oyj(a) | 79,668 | 996,263 | ||||||
Cargotec Oyj, Class B(a) | 133,141 | 7,213,753 | ||||||
Fiskars Oyj Abp | 94,402 | 1,759,677 | ||||||
Kamux Corp. | 51,739 | 795,379 | ||||||
Kemira Oyj | 344,331 | 5,297,419 | ||||||
Lassila & Tikanoja Oyj(a) | 79,418 | 1,304,892 | ||||||
Neles Oyj | 1,027,379 | 13,076,986 | ||||||
Oriola Oyj, Class B(a) | 401,590 | 967,576 | ||||||
Raisio Oyj, Class V | 216,153 | 994,584 | ||||||
Revenio Group Oyj | 20,545 | 1,221,814 | ||||||
Rovio Entertainment Oyj(a)(b) | 120,172 | 937,115 | ||||||
Sanoma Oyj | 200,931 | 3,381,727 | ||||||
Talenom Oyj(a) | 55,357 | 696,153 | ||||||
Terveystalo Oyj(b) | 146,629 | 2,040,423 | ||||||
Tikkurila Oyj | 112,010 | 4,456,193 | ||||||
Tokmanni Group Corp. | 84,875 | 1,995,071 | ||||||
Uponor Oyj | 208,966 | 4,646,707 | ||||||
Verkkokauppa.com Oyj | 172,249 | 1,785,557 | ||||||
YIT Oyj(a) | 737,497 | 3,929,980 | ||||||
|
| |||||||
| Total Finland |
| 57,497,269 | ||||||
| France – 3.1% |
| |||||||
ABC Arbitrage | 173,874 | 1,481,567 | ||||||
Albioma S.A. | 52,343 | 2,571,482 | ||||||
Chargeurs S.A. | 45,972 | 1,248,113 | ||||||
Derichebourg S.A.* | 510,885 | 4,188,089 | ||||||
IPSOS | 64,242 | 2,431,215 | ||||||
Kaufman & Broad S.A. | 54,171 | 2,346,134 | ||||||
Nexity S.A. | 289,956 | 14,340,238 | ||||||
Quadient S.A. | 70,774 | 1,705,203 | ||||||
Societe BIC S.A. | 166,512 | 9,769,417 | ||||||
Vicat S.A. | 69,068 | 3,360,669 | ||||||
|
| |||||||
| Total France |
| 43,442,127 | ||||||
| Germany – 3.1% |
| |||||||
Bilfinger SE | 24,910 | 912,848 | ||||||
CANCOM SE | 33,605 | 1,940,830 | ||||||
CropEnergies AG | 198,868 | 2,790,730 | ||||||
DIC Asset AG | 318,379 | 5,530,538 | ||||||
Duerr AG | 128,532 | 5,362,757 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 13,868 | 1,109,151 | ||||||
Elmos Semiconductor SE | 34,940 | 1,470,126 | ||||||
GFT Technologies SE | 60,674 | 1,128,126 | ||||||
GRENKE AG(a) | 67,548 | 2,564,269 | ||||||
Hamborner REIT AG | 291,163 | 3,084,966 | ||||||
Hamburger Hafen und Logistik AG | 197,614 | 4,384,986 | ||||||
Hornbach Baumarkt AG | 55,649 | 2,344,742 | ||||||
Hornbach Holding AG & Co. KGaA | 25,691 | 2,512,192 | ||||||
Krones AG | 31,056 | 2,525,807 | ||||||
MLP SE | 179,160 | 1,480,283 | ||||||
STRATEC SE | 7,185 | 972,809 | ||||||
VERBIO Vereinigte BioEnergie AG | 62,056 | 2,676,692 | ||||||
Wuestenrot & Wuerttembergische AG | 64,948 | 1,357,207 | ||||||
|
| |||||||
| Total Germany |
| 44,149,059 | ||||||
| Hong Kong – 1.8% |
| |||||||
Dah Sing Banking Group Ltd. | 1,601,600 | 1,812,872 | ||||||
Dah Sing Financial Holdings Ltd. | 1,221,429 | 4,021,967 | ||||||
Guotai Junan International Holdings Ltd.(a) | 33,754,000 | 6,208,570 | ||||||
Hutchison Port Holdings Trust | 41,196,700 | 9,269,258 | ||||||
Nissin Foods Co., Ltd.(a) | 2,150,000 | 1,637,158 | ||||||
Sun Hung Kai & Co., Ltd. | 3,432,000 | 1,748,126 | ||||||
|
| |||||||
| Total Hong Kong |
| 24,697,951 | ||||||
| Indonesia – 0.2% |
| |||||||
Bumitama Agri Ltd.(a) | 1,573,100 | 561,989 | ||||||
First Resources Ltd.(a) | 2,045,700 | 2,116,346 | ||||||
|
| |||||||
| Total Indonesia |
| 2,678,335 | ||||||
| Ireland – 0.4% |
| |||||||
Hibernia REIT PLC | 1,794,804 | 2,328,813 | ||||||
Irish Continental Group PLC | 211,898 | 1,102,018 | ||||||
Kenmare Resources PLC | 128,215 | 716,438 | ||||||
Total Produce PLC | 742,582 | 1,797,878 | ||||||
|
| |||||||
| Total Ireland |
| 5,945,147 | ||||||
| Israel – 4.2% |
| |||||||
Altshuler Shaham Provident Funds & Pension Ltd. | 465,013 | 2,970,215 | ||||||
Arad Ltd. | 39,938 | 575,590 | ||||||
Ashtrom Group Ltd. | 219,431 | 4,132,386 | ||||||
Atreyu Capital Markets Ltd. | 72,001 | 1,069,856 | ||||||
AudioCodes Ltd. | 16,799 | 454,294 | ||||||
Big Shopping Centers Ltd.* | 23,665 | 2,555,482 | ||||||
Delek Automotive Systems Ltd. | 275,267 | 3,367,887 | ||||||
Delta Galil Industries Ltd. | 35,916 | 889,741 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 59 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| Investments | Shares | Value | ||||||
Elco Ltd. | 30,780 | $ | 1,510,063 | |||||
Electra Consumer Products 1970 Ltd. | 153,683 | 6,654,819 | ||||||
FIBI Holdings Ltd. | 100,120 | 3,149,485 | ||||||
Formula Systems 1985 Ltd. | 13,625 | 1,204,910 | ||||||
Fox Wizel Ltd. | 17,227 | 1,967,723 | ||||||
Freshmarket Ltd. | 292,025 | 1,301,314 | ||||||
Hilan Ltd. | 11,028 | 523,174 | ||||||
Inrom Construction Industries Ltd. | 206,387 | 1,021,816 | ||||||
Isracard Ltd. | 479,671 | 1,651,310 | ||||||
Israel Canada T.R Ltd. | 340,639 | 970,423 | ||||||
Israel Land Development—Urban Renewal Ltd. | 82,990 | 926,287 | ||||||
Magic Software Enterprises Ltd. | 65,345 | 1,017,005 | ||||||
Matrix IT Ltd. | 100,868 | 2,420,445 | ||||||
Maytronics Ltd. | 106,808 | 1,943,865 | ||||||
Mega Or Holdings Ltd. | 44,183 | 1,305,603 | ||||||
Mehadrin Ltd.* | 1 | ‡ | 39 | |||||
Menora Mivtachim Holdings Ltd. | 71,003 | 1,475,547 | ||||||
Mivne Real Estate KD Ltd. | 776,286 | 1,911,674 | ||||||
Oil Refineries Ltd.* | 17,156,801 | 3,992,466 | ||||||
OPC Energy Ltd.* | 334,770 | 3,418,274 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 28,547 | 1,858,504 | ||||||
Shufersal Ltd. | 187,712 | 1,546,864 | ||||||
YD More Investments Ltd. | 254,156 | 990,802 | ||||||
|
| |||||||
| Total Israel |
| 58,777,863 | ||||||
| Italy – 3.1% |
| |||||||
Anima Holding SpA(b) | 1,400,343 | 7,228,452 | ||||||
Ascopiave SpA | 311,765 | 1,430,859 | ||||||
Carel Industries SpA(b) | 46,805 | 954,972 | ||||||
Danieli & C. Officine Meccaniche SpA | 32,314 | 814,642 | ||||||
Danieli & C. Officine Meccaniche SpA, RSP | 51,848 | 795,836 | ||||||
Datalogic SpA(a) | 115,294 | 2,360,497 | ||||||
Enav SpA(b) | 2,231,113 | 10,876,993 | ||||||
Falck Renewables SpA | 263,375 | 1,889,769 | ||||||
Fiera Milano SpA(a) | 342,215 | 1,393,641 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 644,904 | 2,686,952 | ||||||
La Doria SpA | 38,396 | 812,282 | ||||||
Piaggio & C. SpA | 1,147,347 | 4,363,669 | ||||||
RAI Way SpA(b) | 738,338 | 4,173,965 | ||||||
SOL SpA(a) | 132,056 | 2,599,689 | ||||||
Zignago Vetro SpA | 88,915 | 1,692,928 | ||||||
|
| |||||||
| Total Italy |
| 44,075,146 | ||||||
| Japan – 24.9% |
| |||||||
77 Bank Ltd. (The) | 50,800 | 717,636 | ||||||
Adastria Co., Ltd. | 22,900 | 420,490 | ||||||
ADEKA Corp. | 45,901 | 902,235 | ||||||
Aeon Delight Co., Ltd. | 28,500 | 831,787 | ||||||
AEON Financial Service Co., Ltd. | 183,000 | 2,459,321 | ||||||
Ai Holdings Corp. | 33,800 | 670,800 | ||||||
Aica Kogyo Co., Ltd. | 38,400 | 1,386,570 | ||||||
Aichi Bank Ltd. (The) | 15,900 | 434,552 | ||||||
Airport Facilities Co., Ltd. | 82,300 | 437,195 | ||||||
Akita Bank Ltd. (The) | 32,200 | 426,905 | ||||||
Alinco, Inc.(a) | 51,600 | 459,964 | ||||||
Altech Corp. | 34,600 | 686,051 | ||||||
Amano Corp. | 46,400 | 1,128,717 | ||||||
Anest Iwata Corp. | 47,100 | 440,310 | ||||||
Aoyama Zaisan Networks Co., Ltd.(a) | 23,300 | 337,376 | ||||||
Arakawa Chemical Industries Ltd. | 33,600 | 401,376 | ||||||
Arata Corp. | 8,500 | 377,308 | ||||||
Arcs Co., Ltd. | 31,700 | 685,925 | ||||||
Ariake Japan Co., Ltd. | 9,500 | 576,878 | ||||||
ARTERIA Networks Corp.(a) | 56,100 | 833,631 | ||||||
Aruhi Corp.(a) | 20,700 | 338,131 | ||||||
Asahi Holdings, Inc.(a) | 92,600 | 1,774,903 | ||||||
Asahi Yukizai Corp. | 35,900 | 487,330 | ||||||
Asante, Inc. | 23,100 | 375,662 | ||||||
Asanuma Corp.(a) | 16,900 | 685,176 | ||||||
Asia Pile Holdings Corp. | 96,200 | 464,894 | ||||||
ASKUL Corp. | 16,200 | 620,145 | ||||||
Autobacs Seven Co., Ltd. | 82,503 | 1,119,950 | ||||||
Avex, Inc.(a) | 61,700 | 763,293 | ||||||
Axial Retailing, Inc.(a) | 16,400 | 714,624 | ||||||
Bando Chemical Industries Ltd. | 70,500 | 477,231 | ||||||
Bank of Iwate Ltd. (The) | 17,500 | 378,348 | ||||||
Bank of Saga Ltd. (The) | 42,700 | 570,364 | ||||||
Bank of the Ryukyus Ltd. | 54,200 | 382,588 | ||||||
Baroque Japan Ltd.(a) | 73,200 | 521,343 | ||||||
BayCurrent Consulting, Inc. | 3,100 | 708,371 | ||||||
Belc Co., Ltd. | 10,600 | 591,873 | ||||||
Bell System24 Holdings, Inc. | 44,600 | 763,245 | ||||||
Belluna Co., Ltd. | 42,700 | 501,580 | ||||||
BeNEXT Group, Inc.(a) | 103,995 | 1,657,332 | ||||||
Bic Camera, Inc. | 66,300 | 744,000 | ||||||
Broadleaf Co., Ltd. | 73,300 | 360,198 | ||||||
Bunka Shutter Co., Ltd. | 86,600 | 826,031 | ||||||
C.I. Takiron Corp. | 170,800 | 1,049,531 | ||||||
Canon Electronics, Inc. | 47,800 | 744,901 | ||||||
Central Glass Co., Ltd. | 35,600 | 759,037 | ||||||
Chiyoda Co., Ltd. | 67,900 | 608,949 | ||||||
Chori Co., Ltd. | 25,900 | 394,946 | ||||||
Chugoku Bank Ltd. (The) | 96,400 | 815,692 | ||||||
Chugoku Marine Paints Ltd. | 76,400 | 687,946 | ||||||
COLOPL, Inc.(a) | 45,700 | 344,921 | ||||||
Computer Engineering & Consulting Ltd. | 21,900 | 284,799 | ||||||
CONEXIO Corp. | 67,300 | 845,361 | ||||||
Cosmo Energy Holdings Co., Ltd.(a) | 85,600 | 2,042,780 | ||||||
Create SD Holdings Co., Ltd. | 26,500 | 863,348 | ||||||
Credit Saison Co., Ltd.(a) | 130,900 | 1,573,169 | ||||||
Dai-Dan Co., Ltd. | 26,500 | 710,584 | ||||||
Daibiru Corp.(a) | 55,500 | 716,729 | ||||||
Daicel Corp.(a) | 277,500 | 2,139,638 | ||||||
Daido Metal Co., Ltd. | 95,600 | 508,713 | ||||||
Daido Steel Co., Ltd.(a) | 19,491 | 901,349 | ||||||
Daihen Corp. | 19,100 | 840,919 | ||||||
Daiken Corp. | 27,600 | 550,501 | ||||||
See Notes to Financial Statements.
| 60 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| Investments | Shares | Value | ||||||
Daiki Aluminium Industry Co., Ltd. | 72,400 | $ | 702,378 | |||||
Daikyonishikawa Corp.(a) | 94,500 | 661,928 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 19,400 | 433,823 | ||||||
Daio Paper Corp. | 51,400 | 883,336 | ||||||
Daiseki Co., Ltd. | 24,500 | 889,095 | ||||||
Daishi Hokuetsu Financial Group, Inc. | 55,440 | 1,309,488 | ||||||
Daiwabo Holdings Co., Ltd. | 71,500 | 1,088,353 | ||||||
DCM Holdings Co., Ltd. | 96,400 | 1,010,237 | ||||||
Dexerials Corp. | 63,700 | 1,090,682 | ||||||
DIC Corp. | 66,100 | 1,715,011 | ||||||
Digital Garage, Inc. | 10,700 | 436,231 | ||||||
DMG Mori Co., Ltd. | 68,600 | 1,126,157 | ||||||
Doshisha Co., Ltd. | 35,300 | 597,704 | ||||||
Dowa Holdings Co., Ltd. | 33,100 | 1,379,416 | ||||||
DTS Corp. | 30,200 | 690,364 | ||||||
Earth Corp. | 11,800 | 711,204 | ||||||
EDION Corp.(a) | 95,000 | 1,065,204 | ||||||
Ehime Bank Ltd. (The) | 29,500 | 273,643 | ||||||
Eizo Corp. | 16,600 | 627,195 | ||||||
Elecom Co., Ltd. | 37,800 | 840,152 | ||||||
Elematec Corp. | 24,100 | 222,025 | ||||||
en-japan, Inc. | 32,500 | 1,004,412 | ||||||
ES-Con Japan Ltd. | 63,300 | 449,688 | ||||||
Exedy Corp. | 51,270 | 776,242 | ||||||
FCC Co., Ltd. | 31,300 | 526,293 | ||||||
FIDEA Holdings Co., Ltd. | 408,100 | 505,970 | ||||||
FJ Next Co., Ltd.(a) | 55,500 | 563,538 | ||||||
France Bed Holdings Co., Ltd. | 52,000 | 456,000 | ||||||
Fujibo Holdings, Inc. | 12,900 | 466,968 | ||||||
Fujimi, Inc. | 24,741 | 966,130 | ||||||
Fujitec Co., Ltd. | 58,000 | 1,237,683 | ||||||
FULLCAST Holdings Co., Ltd. | 26,300 | 475,542 | ||||||
Funai Soken Holdings, Inc. | 23,700 | 460,273 | ||||||
Furukawa Co., Ltd. | 57,900 | 700,040 | ||||||
Furukawa Electric Co., Ltd.(a) | 43,400 | 1,166,498 | ||||||
Furyu Corp. | 27,700 | 269,730 | ||||||
Fuso Chemical Co., Ltd. | 18,400 | 676,887 | ||||||
Future Corp.(a) | 23,600 | 427,149 | ||||||
Fuyo General Lease Co., Ltd. | 19,000 | 1,310,226 | ||||||
G-7 Holdings, Inc. | 20,100 | 480,035 | ||||||
G-Tekt Corp. | 46,800 | 636,565 | ||||||
Gecoss Corp. | 60,600 | 528,125 | ||||||
Giken Ltd. | 18,200 | 821,882 | ||||||
Glory Ltd. | 43,077 | 927,812 | ||||||
GMO Financial Holdings, Inc.(a) | 162,300 | 1,335,119 | ||||||
Godo Steel Ltd. | 41,200 | 810,577 | ||||||
Goldcrest Co., Ltd.(a) | 52,100 | 799,653 | ||||||
GS Yuasa Corp.(a) | 49,500 | 1,343,891 | ||||||
GungHo Online Entertainment, Inc. | 20,600 | 407,526 | ||||||
Gunma Bank Ltd. (The) | 330,100 | 1,185,970 | ||||||
H.U. Group Holdings, Inc.(a) | 34,300 | 1,153,163 | ||||||
Hachijuni Bank Ltd. (The) | 353,500 | 1,289,235 | ||||||
Hakuto Co., Ltd. | 38,400 | 444,814 | ||||||
Hazama Ando Corp. | 173,400 | 1,332,277 | ||||||
Heiwa Corp.(a) | 91,019 | 1,488,428 | ||||||
Heiwa Real Estate Co., Ltd. | 25,800 | 806,688 | ||||||
Hiday Hidaka Corp.(a) | 27,000 | 439,086 | ||||||
Hinokiya Group Co., Ltd.(a) | 24,400 | 554,686 | ||||||
Hitachi Zosen Corp.(a) | 180,700 | 1,463,588 | ||||||
Hokkan Holdings Ltd. | 28,600 | 378,400 | ||||||
Hokkoku Bank Ltd. (The) | 15,400 | 393,432 | ||||||
Hokuetsu Corp. | 188,300 | 882,710 | ||||||
Hokuetsu Industries Co., Ltd.(a) | 35,800 | 351,196 | ||||||
Hokuhoku Financial Group, Inc. | 102,600 | 955,434 | ||||||
Hokuriku Electric Power Co. | 125,400 | 859,075 | ||||||
Hokuto Corp. | 34,000 | 642,154 | ||||||
Horiba Ltd. | 19,500 | 1,231,765 | ||||||
Ichibanya Co., Ltd. | 16,300 | 711,005 | ||||||
Ichigo, Inc. | 268,000 | 793,086 | ||||||
Ichinen Holdings Co., Ltd.(a) | 31,400 | 383,336 | ||||||
Iino Kaiun Kaisha Ltd. | 169,700 | 813,946 | ||||||
Inaba Denki Sangyo Co., Ltd. | 49,500 | 1,195,167 | ||||||
Inabata & Co., Ltd. | 64,400 | 966,291 | ||||||
Ines Corp. | 29,600 | 356,004 | ||||||
Infocom Corp. | 15,600 | 397,271 | ||||||
Information Services International-Dentsu Ltd. | 26,600 | 942,434 | ||||||
Internet Initiative Japan, Inc.(a) | 25,000 | 587,783 | ||||||
IR Japan Holdings Ltd.(a) | 3,800 | 459,783 | ||||||
Iriso Electronics Co., Ltd.(a) | 10,500 | 468,937 | ||||||
Iseki & Co., Ltd.*(a) | 24,900 | 371,585 | ||||||
Itfor, Inc. | 47,500 | 356,787 | ||||||
Itochu Enex Co., Ltd. | 166,101 | 1,641,469 | ||||||
Itoham Yonekyu Holdings, Inc. | 215,900 | 1,424,354 | ||||||
IwaiCosmo Holdings, Inc.(a) | 57,900 | 925,876 | ||||||
Iwatani Corp. | 22,000 | 1,359,819 | ||||||
JAC Recruitment Co., Ltd. | 58,100 | 917,507 | ||||||
Jaccs Co., Ltd. | 39,600 | 813,144 | ||||||
Japan Aviation Electronics Industry Ltd. | 41,000 | 664,163 | ||||||
Japan Lifeline Co., Ltd. | 45,000 | 570,543 | ||||||
Japan Material Co., Ltd. | 38,100 | 451,683 | ||||||
Japan Steel Works Ltd. (The) | 24,400 | 580,080 | ||||||
Japan Wool Textile Co., Ltd. (The)(a) | 80,700 | 752,226 | ||||||
JBCC Holdings, Inc. | 27,200 | 364,800 | ||||||
JDC Corp.(a) | 118,600 | 660,081 | ||||||
Jeol Ltd. | 14,000 | 556,199 | ||||||
JM Holdings Co., Ltd. | 19,500 | 401,471 | ||||||
Joyful Honda Co., Ltd. | 58,000 | 753,213 | ||||||
Juki Corp. | 83,800 | 674,950 | ||||||
Juroku Bank Ltd. (The) | 35,900 | 717,675 | ||||||
Kadokawa Corp. | 21,000 | 816,244 | ||||||
Kaken Pharmaceutical Co., Ltd.(a) | 47,900 | 1,879,154 | ||||||
Kamei Corp. | 40,400 | 454,089 | ||||||
Kandenko Co., Ltd. | 219,600 | 1,929,698 | ||||||
Kaneka Corp. | 46,100 | 1,898,235 | ||||||
Kanematsu Corp. | 116,400 | 1,565,343 | ||||||
Kanematsu Electronics Ltd. | 27,700 | 935,032 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 61 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| Investments | Shares | Value | ||||||
Katitas Co., Ltd. | 21,500 | $ | 601,222 | |||||
Kato Sangyo Co., Ltd. | 24,100 | 779,706 | ||||||
Keihanshin Building Co., Ltd. | 30,800 | 415,033 | ||||||
Keiyo Bank Ltd. (The) | 135,900 | 563,278 | ||||||
KFC Holdings Japan Ltd.(a) | 17,100 | 459,456 | ||||||
KH Neochem Co., Ltd. | 20,400 | 516,554 | ||||||
King Jim Co., Ltd. | 43,000 | 370,072 | ||||||
Kintetsu World Express, Inc. | 29,700 | 772,200 | ||||||
Kiyo Bank Ltd. (The) | 35,900 | 538,338 | ||||||
Kohnan Shoji Co., Ltd. | 19,400 | 559,176 | ||||||
Kokuyo Co., Ltd. | 76,200 | 1,181,962 | ||||||
KOMEDA Holdings Co., Ltd.(a) | 32,000 | 583,529 | ||||||
Komeri Co., Ltd. | 22,000 | 614,208 | ||||||
Kondotec, Inc. | 44,700 | 432,437 | ||||||
Kotobuki Spirits Co., Ltd.(a) | 7,400 | 481,502 | ||||||
Krosaki Harima Corp. | 18,000 | 797,376 | ||||||
Kumagai Gumi Co., Ltd. | 46,700 | 1,269,986 | ||||||
Kurabo Industries Ltd. | 21,095 | 366,156 | ||||||
Kureha Corp. | 19,500 | 1,348,235 | ||||||
Kyoei Steel Ltd. | 56,400 | 847,276 | ||||||
KYORIN Holdings, Inc.(a) | 74,190 | 1,294,464 | ||||||
Kyoritsu Maintenance Co., Ltd.(a) | 12,100 | 401,326 | ||||||
Kyosan Electric Manufacturing Co., Ltd.(a) | 98,500 | 367,258 | ||||||
Kyudenko Corp. | 47,500 | 1,818,326 | ||||||
Kyushu Financial Group, Inc.(a) | 216,600 | 931,086 | ||||||
Life Corp. | 19,000 | 580,317 | ||||||
Lintec Corp. | 77,130 | 1,747,815 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 55,000 | 1,099,502 | ||||||
Maeda Road Construction Co., Ltd.(a) | 96,500 | 1,871,489 | ||||||
Mandom Corp. | 38,300 | 723,714 | ||||||
Maruichi Steel Tube Ltd. | 56,900 | 1,300,204 | ||||||
Maruzen Showa Unyu Co., Ltd. | 19,500 | 572,647 | ||||||
Marvelous, Inc. | 64,100 | 499,458 | ||||||
Matsuda Sangyo Co., Ltd. | 27,200 | 501,169 | ||||||
Matsui Securities Co., Ltd.(a) | 200,940 | 1,638,434 | ||||||
Maxvalu Tokai Co., Ltd. | 25,500 | 598,615 | ||||||
MCJ Co., Ltd. | 84,900 | 739,898 | ||||||
Megmilk Snow Brand Co., Ltd. | 28,200 | 573,953 | ||||||
Meiko Network Japan Co., Ltd.(a) | 61,000 | 329,566 | ||||||
Meisei Industrial Co., Ltd. | 61,000 | 427,828 | ||||||
Meitec Corp. | 30,500 | 1,686,471 | ||||||
METAWATER Co., Ltd. | 32,300 | 647,462 | ||||||
Milbon Co., Ltd. | 11,200 | 615,240 | ||||||
Mimasu Semiconductor Industry Co., Ltd. | 19,500 | 481,588 | ||||||
Mirait Holdings Corp. | 64,800 | 1,071,399 | ||||||
Mitsubishi Logisnext Co., Ltd.(a) | 38,700 | 453,893 | ||||||
Mitsubishi Pencil Co., Ltd. | 41,400 | 598,708 | ||||||
Mitsubishi Research Institute, Inc. | 17,400 | 648,760 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 25,800 | 722,633 | ||||||
Mitsui Mining & Smelting Co., Ltd.(a) | 27,264 | 947,455 | ||||||
Mitsui OSK Lines Ltd.(a) | 44,400 | 1,557,014 | ||||||
Miyazaki Bank Ltd. (The) | 19,300 | 408,182 | ||||||
Mizuho Leasing Co., Ltd. | 30,000 | 902,715 | ||||||
Mizuno Corp. | 25,100 | 493,823 | ||||||
Mochida Pharmaceutical Co., Ltd. | 19,300 | 749,294 | ||||||
Morinaga & Co., Ltd. | 21,700 | 776,683 | ||||||
Moriroku Holdings Co., Ltd.(a) | 21,700 | 443,426 | ||||||
Morita Holdings Corp. | 36,100 | 583,807 | ||||||
Morningstar Japan K.K. | 123,560 | 534,495 | ||||||
Musashino Bank Ltd. (The) | 43,645 | 721,624 | ||||||
NAC Co., Ltd.(a) | 41,100 | 354,836 | ||||||
Nachi-Fujikoshi Corp. | 17,500 | 762,557 | ||||||
Nafco Co., Ltd. | 19,000 | 367,792 | ||||||
Nagaileben Co., Ltd. | 20,400 | 505,846 | ||||||
Nagase & Co., Ltd.(a) | 123,700 | 1,935,541 | ||||||
Nakabayashi Co., Ltd.(a) | 64,900 | 361,208 | ||||||
Nakanishi, Inc. | 33,100 | 690,457 | ||||||
Nanto Bank Ltd. (The) | 34,700 | 619,262 | ||||||
Nichias Corp.(a) | 65,200 | 1,658,027 | ||||||
Nichiden Corp.(a) | 19,000 | 376,561 | ||||||
Nihon Nohyaku Co., Ltd. | 96,700 | 476,062 | ||||||
Nihon Parkerizing Co., Ltd. | 78,401 | 847,866 | ||||||
Nikko Co., Ltd. | 74,500 | 492,846 | ||||||
Nikkon Holdings Co., Ltd. | 53,600 | 1,078,306 | ||||||
Nippn Corp. | 42,500 | 637,308 | ||||||
Nippon Air Conditioning Services Co., Ltd. | 66,100 | 446,848 | ||||||
Nippon Carbon Co., Ltd. | 16,300 | 685,190 | ||||||
Nippon Electric Glass Co., Ltd. | 62,500 | 1,450,792 | ||||||
Nippon Gas Co., Ltd. | 57,600 | 1,003,960 | ||||||
Nippon Kayaku Co., Ltd. | 112,899 | 1,092,208 | ||||||
Nippon Paper Industries Co., Ltd.(a) | 86,738 | 1,040,856 | ||||||
Nippon Shokubai Co., Ltd. | 22,500 | 1,290,950 | ||||||
Nippon Soda Co., Ltd. | 27,500 | 869,796 | ||||||
Nippon Steel Trading Corp. | 27,473 | 1,008,172 | ||||||
Nippon Suisan Kaisha Ltd. | 152,300 | 733,245 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 148,500 | 1,068,394 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 21,100 | 564,640 | ||||||
Nissan Shatai Co., Ltd. | 55,700 | 401,242 | ||||||
Nissha Co., Ltd. | 37,900 | 469,891 | ||||||
Nisshin Oillio Group Ltd. (The) | 22,700 | 670,729 | ||||||
Nisshinbo Holdings, Inc. | 153,992 | 1,148,320 | ||||||
Nissin Corp. | 26,500 | 348,697 | ||||||
Nissin Electric Co., Ltd. | 78,000 | 878,118 | ||||||
Nitto Boseki Co., Ltd.(a) | 11,200 | 407,964 | ||||||
Nitto Kogyo Corp. | 44,400 | 814,871 | ||||||
Noevir Holdings Co., Ltd.(a) | 29,800 | 1,353,810 | ||||||
Nohmi Bosai Ltd. | 31,300 | 609,005 | ||||||
Nojima Corp. | 19,600 | 498,780 | ||||||
NOK Corp. | 71,600 | 972,594 | ||||||
Nomura Co., Ltd. | 132,900 | 1,104,092 | ||||||
Noritake Co., Ltd. | 17,500 | 562,217 | ||||||
North Pacific Bank Ltd.(a) | 388,300 | 1,124,489 | ||||||
NS United Kaiun Kaisha Ltd. | 35,100 | 598,765 | ||||||
NSD Co., Ltd. | 50,200 | 836,364 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 27,400 | 552,215 | ||||||
Ohsho Food Service Corp.(a) | 12,600 | 663,638 | ||||||
Oita Bank Ltd. (The) | 19,000 | 370,371 | ||||||
Okabe Co., Ltd. | 63,200 | 446,118 | ||||||
See Notes to Financial Statements.
| 62 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| Investments | Shares | Value | ||||||
Okamura Corp.(a) | 101,100 | $ | 1,186,667 | |||||
Oki Electric Industry Co., Ltd. | 96,500 | 1,004,299 | ||||||
Okinawa Cellular Telephone Co. | 31,600 | 1,452,742 | ||||||
Okinawa Electric Power Co., Inc. (The) | 65,200 | 915,160 | ||||||
OKUMA Corp. | 13,600 | 781,538 | ||||||
Okumura Corp. | 50,900 | 1,355,184 | ||||||
Onoken Co., Ltd. | 50,800 | 635,345 | ||||||
Onward Holdings Co., Ltd. | 404,700 | 1,142,682 | ||||||
Optorun Co., Ltd. | 26,400 | 655,341 | ||||||
Organo Corp. | 9,600 | 576,869 | ||||||
Orient Corp.(a) | 901,800 | 1,256,807 | ||||||
Osaka Soda Co., Ltd. | 26,500 | 632,403 | ||||||
OSG Corp. | 52,700 | 940,015 | ||||||
Outsourcing, Inc. | 57,900 | 934,784 | ||||||
Pack Corp. (The) | 15,500 | 423,620 | ||||||
PAL GROUP Holdings Co., Ltd. | 54,300 | 751,846 | ||||||
Paramount Bed Holdings Co., Ltd. | 36,400 | 775,106 | ||||||
Penta-Ocean Construction Co., Ltd. | 295,500 | 2,323,887 | ||||||
Pilot Corp. | 19,000 | 606,968 | ||||||
Pressance Corp.(a) | 28,809 | 440,348 | ||||||
Prima Meat Packers Ltd. | 33,200 | 1,048,579 | ||||||
PS Mitsubishi Construction Co., Ltd. | 69,900 | 425,726 | ||||||
Quick Co., Ltd.(a) | 36,000 | 401,701 | ||||||
Raito Kogyo Co., Ltd. | 55,100 | 937,448 | ||||||
Raiznext Corp.(a) | 75,000 | 811,765 | ||||||
Raysum Co., Ltd.(a) | 57,900 | 472,632 | ||||||
Relia, Inc. | 73,100 | 946,662 | ||||||
Rengo Co., Ltd. | 213,000 | 1,852,425 | ||||||
Resorttrust, Inc. | 45,600 | 762,614 | ||||||
Restar Holdings Corp. | 38,600 | 712,615 | ||||||
Ricoh Leasing Co., Ltd.(a) | 22,500 | 706,561 | ||||||
Riken Corp.(a) | 18,400 | 416,290 | ||||||
Riken Keiki Co., Ltd. | 19,500 | 486,176 | ||||||
Riken Technos Corp. | 83,900 | 391,786 | ||||||
Riken Vitamin Co., Ltd. | 31,000 | 382,941 | ||||||
Ryoden Corp.(a) | 37,600 | 561,108 | ||||||
Saibu Gas Co., Ltd. | 22,800 | 654,081 | ||||||
Sakai Chemical Industry Co., Ltd. | 18,800 | 357,795 | ||||||
SAMTY Co., Ltd.(a) | 41,600 | 763,482 | ||||||
San ju San Financial Group, Inc.(a) | 42,900 | 540,424 | ||||||
San-Ai Oil Co., Ltd. | 46,300 | 550,153 | ||||||
San-In Godo Bank Ltd. (The) | 128,687 | 653,334 | ||||||
Sangetsu Corp. | 58,000 | 880,235 | ||||||
Sanki Engineering Co., Ltd. | 159,500 | 2,097,317 | ||||||
Sankyo Co., Ltd. | 73,300 | 1,945,601 | ||||||
Sanshin Electronics Co., Ltd. | 30,900 | 560,674 | ||||||
Sanwa Holdings Corp. | 192,400 | 2,522,965 | ||||||
Sanyo Chemical Industries Ltd. | 22,000 | 1,114,932 | ||||||
Sanyo Trading Co., Ltd. | 44,200 | 461,200 | ||||||
Sapporo Holdings Ltd. | 47,200 | 979,453 | ||||||
Sawai Pharmaceutical Co., Ltd. | 32,400 | 1,555,493 | ||||||
SBS Holdings, Inc. | 19,000 | 476,118 | ||||||
Seikitokyu Kogyo Co., Ltd. | 91,000 | 766,706 | ||||||
Seiko Holdings Corp.(a) | 54,400 | 924,062 | ||||||
Seiren Co., Ltd.(a) | 30,600 | 538,892 | ||||||
Sekisui Kasei Co., Ltd. | 69,900 | 377,017 | ||||||
Senko Group Holdings Co., Ltd.(a) | 126,300 | 1,197,850 | ||||||
Shibaura Machine Co., Ltd. | 37,400 | 946,000 | ||||||
Shikoku Bank Ltd. (The) | 62,300 | 440,892 | ||||||
Shikoku Electric Power Co., Inc. | 173,600 | 1,351,095 | ||||||
Shin Nippon Air Technologies Co., Ltd.(a) | 23,700 | 516,038 | ||||||
Shinagawa Refractories Co., Ltd. | 21,900 | 571,580 | ||||||
Shinmaywa Industries Ltd. | 82,600 | 763,957 | ||||||
Shinnihon Corp. | 43,700 | 349,205 | ||||||
Shinoken Group Co., Ltd. | 63,100 | 723,509 | ||||||
Shinwa Co., Ltd. | 26,900 | 529,480 | ||||||
Shoei Co., Ltd. | 17,600 | 726,299 | ||||||
Showa Sangyo Co., Ltd.(a) | 23,500 | 660,339 | ||||||
Siix Corp. | 33,100 | 488,862 | ||||||
Sinfonia Technology Co., Ltd. | 34,100 | 405,805 | ||||||
SKY Perfect JSAT Holdings, Inc. | 243,800 | 1,085,517 | ||||||
Solasto Corp. | 37,000 | 478,154 | ||||||
SRA Holdings | 28,700 | 704,124 | ||||||
Star Micronics Co., Ltd.(a) | 48,800 | 728,688 | ||||||
Starts Corp., Inc. | 41,500 | 1,091,018 | ||||||
Sumitomo Bakelite Co., Ltd. | 21,200 | 868,145 | ||||||
Sumitomo Densetsu Co., Ltd. | 35,500 | 773,932 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 216,100 | 975,872 | ||||||
Sumitomo Osaka Cement Co., Ltd.(a) | 31,900 | 1,017,624 | ||||||
Sumitomo Riko Co., Ltd. | 90,500 | 583,950 | ||||||
Sumitomo Rubber Industries Ltd. | 166,600 | 1,967,538 | ||||||
Systena Corp. | 38,700 | 774,700 | ||||||
T-Gaia Corp. | 44,200 | 766,800 | ||||||
Taikisha Ltd. | 40,600 | 1,115,122 | ||||||
Taiyo Holdings Co., Ltd. | 19,900 | 1,085,946 | ||||||
Takamatsu Construction Group Co., Ltd.(a) | 39,200 | 764,843 | ||||||
Takamiya Co., Ltd. | 74,100 | 411,741 | ||||||
Takaoka Toko Co., Ltd.(a) | 36,100 | 515,854 | ||||||
Takara Holdings, Inc.(a) | 80,300 | 1,095,132 | ||||||
Takara Standard Co., Ltd. | 47,100 | 710,549 | ||||||
Takasago International Corp. | 19,000 | 452,045 | ||||||
Takasago Thermal Engineering Co., Ltd. | 66,601 | 1,039,096 | ||||||
Takashimaya Co., Ltd. | 105,800 | 1,130,767 | ||||||
Takeuchi Manufacturing Co., Ltd. | 23,200 | 649,810 | ||||||
Takuma Co., Ltd. | 42,100 | 913,246 | ||||||
Tama Home Co., Ltd. | 33,700 | 669,120 | ||||||
Tanseisha Co., Ltd. | 80,100 | 638,625 | ||||||
Tayca Corp.(a) | 29,200 | 392,945 | ||||||
TechnoPro Holdings, Inc. | 17,400 | 1,451,837 | ||||||
Teikoku Electric Manufacturing Co., Ltd. | 43,100 | 515,640 | ||||||
Tekken Corp. | 21,800 | 389,835 | ||||||
TKC Corp. | 33,800 | 1,076,706 | ||||||
Toa Corp. | 47,800 | 416,574 | ||||||
Tobishima Corp. | 46,200 | 503,392 | ||||||
Toho Holdings Co., Ltd. | 29,600 | 543,783 | ||||||
Tokai Carbon Co., Ltd. | 136,600 | 2,209,088 | ||||||
TOKAI Holdings Corp. | 107,600 | 930,910 | ||||||
Tokai Rika Co., Ltd. | 67,222 | 1,141,253 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 63 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| Investments | Shares | Value | ||||||
Tokai Tokyo Financial Holdings, Inc. | 218,800 | $ | 801,937 | |||||
Tokuyama Corp. | 37,900 | 957,961 | ||||||
Tokyo Electron Device Ltd. | 13,700 | 482,910 | ||||||
Tokyo Energy & Systems, Inc. | 53,000 | 439,348 | ||||||
Tokyo Individualized Educational Institute, Inc.(a) | 82,300 | 460,284 | ||||||
Tokyo Kiraboshi Financial Group, Inc. | 42,300 | 535,928 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 18,600 | 1,164,815 | ||||||
Tokyo Seimitsu Co., Ltd. | 19,500 | 889,412 | ||||||
Tokyo Steel Manufacturing Co., Ltd.(a) | 107,800 | 826,304 | ||||||
Tokyotokeiba Co., Ltd. | 11,100 | 561,529 | ||||||
Tokyu Construction Co., Ltd. | 173,400 | 944,677 | ||||||
Tomoku Co., Ltd. | 26,600 | 444,858 | ||||||
Tomy Co., Ltd. | 55,400 | 503,864 | ||||||
Toppan Forms Co., Ltd. | 65,100 | 658,070 | ||||||
Tosei Corp. | 52,000 | 526,118 | ||||||
Totetsu Kogyo Co., Ltd. | 40,300 | 965,376 | ||||||
Towa Bank Ltd. (The) | 70,100 | 436,460 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 58,900 | 1,082,587 | ||||||
Toyo Seikan Group Holdings Ltd.(a) | 62,800 | 747,917 | ||||||
Toyobo Co., Ltd.(a) | 52,600 | 677,850 | ||||||
TPR Co., Ltd. | 38,800 | 563,566 | ||||||
Transcosmos, Inc. | 15,800 | 426,957 | ||||||
TS Tech Co., Ltd. | 76,000 | 1,134,154 | ||||||
Tsubakimoto Chain Co. | 33,700 | 930,181 | ||||||
Tsumura & Co. | 47,101 | 1,685,832 | ||||||
Tsuzuki Denki Co., Ltd. | 25,700 | 385,384 | ||||||
Ube Industries Ltd. | 99,600 | 2,125,401 | ||||||
Ulvac, Inc. | 19,000 | 800,407 | ||||||
Valor Holdings Co., Ltd.(a) | 37,600 | 846,255 | ||||||
ValueCommerce Co., Ltd. | 14,500 | 471,086 | ||||||
Vertex Corp. | 21,900 | 538,879 | ||||||
VT Holdings Co., Ltd. | 155,800 | 628,840 | ||||||
Wacoal Holdings Corp. | 31,268 | 694,687 | ||||||
Wacom Co., Ltd. | 58,100 | 390,663 | ||||||
Wakachiku Construction Co., Ltd.(a) | 30,300 | 376,488 | ||||||
Weathernews, Inc. | 9,400 | 448,308 | ||||||
West Holdings Corp.(a) | 19,251 | 600,178 | ||||||
WIN-Partners Co., Ltd.(a) | 38,100 | 362,726 | ||||||
World Co., Ltd.* | 32,700 | 437,381 | ||||||
Wowow, Inc. | 27,100 | 689,640 | ||||||
Xebio Holdings Co., Ltd. | 70,100 | 593,788 | ||||||
Yahagi Construction Co., Ltd. | 71,400 | 542,769 | ||||||
Yamagata Bank Ltd. (The)(a) | 25,500 | 262,154 | ||||||
Yamaguchi Financial Group, Inc. | 185,400 | 1,234,881 | ||||||
Yamaichi Electronics Co., Ltd.(a) | 31,200 | 422,965 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 51,400 | 427,481 | ||||||
Yamazen Corp. | 54,500 | 513,928 | ||||||
Yellow Hat Ltd. | 36,400 | 623,576 | ||||||
Yokogawa Bridge Holdings Corp. | 35,400 | 657,062 | ||||||
Yokohama Rubber Co., Ltd. (The) | 136,400 | 2,444,091 | ||||||
Yondoshi Holdings, Inc.(a) | 27,700 | 482,557 | ||||||
Yuasa Trading Co., Ltd. | 29,448 | 831,473 | ||||||
Yurtec Corp. | 77,400 | 570,869 | ||||||
Yushin Precision Equipment Co., Ltd. | 47,900 | 386,234 | ||||||
Zenrin Co., Ltd. | 39,700 | 476,041 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 38,500 | 732,719 | ||||||
Zojirushi Corp. | 22,200 | 388,751 | ||||||
|
| |||||||
| Total Japan |
| 349,599,318 | ||||||
| Malaysia – 0.2% |
| |||||||
Frencken Group Ltd. | 1,227,600 | 1,397,907 | ||||||
Wing Tai Holdings Ltd. | 690,900 | 987,294 | ||||||
|
| |||||||
| Total Malaysia |
| 2,385,201 | ||||||
| Netherlands – 1.0% |
| |||||||
ForFarmers N.V. | 364,074 | 2,516,028 | ||||||
TKH Group N.V., CVA | 138,445 | 6,658,271 | ||||||
Van Lanschot Kempen N.V. | 152,434 | 4,272,861 | ||||||
|
| |||||||
| Total Netherlands |
| 13,447,160 | ||||||
| Norway – 3.8% |
| |||||||
ABG Sundal Collier Holding ASA | 1,523,635 | 1,588,542 | ||||||
AF Gruppen ASA(a) | 50,902 | 1,050,675 | ||||||
Atea ASA* | 198,923 | 3,388,264 | ||||||
Austevoll Seafood ASA | 442,561 | 5,365,884 | ||||||
Bonheur ASA | 53,343 | 1,412,257 | ||||||
Borregaard ASA | 159,520 | 3,479,546 | ||||||
Elkem ASA(b) | 1,071,904 | 4,671,180 | ||||||
Europris ASA(b) | 602,883 | 3,616,020 | ||||||
Fjordkraft Holding ASA(b) | 359,019 | 2,931,420 | ||||||
Kid ASA(b) | 107,745 | 1,259,666 | ||||||
Norway Royal Salmon ASA | 34,624 | 826,626 | ||||||
Selvaag Bolig ASA | 219,710 | 1,624,078 | ||||||
SpareBank 1 Nord Norge | 377,096 | 3,604,706 | ||||||
Sparebank 1 Oestlandet | 95,359 | 1,244,442 | ||||||
SpareBank 1 SMN | 455,209 | 5,727,207 | ||||||
Sparebanken Vest | 163,082 | 1,495,876 | ||||||
TGS NOPEC Geophysical Co. ASA | 620,213 | 9,899,316 | ||||||
|
| |||||||
| Total Norway |
| 53,185,705 | ||||||
| Portugal – 1.5% |
| |||||||
Altri, SGPS, S.A.(a) | 906,653 | 6,952,967 | ||||||
Corticeira Amorim, SGPS, S.A. | 129,935 | 1,545,451 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A.(a) | 1,495,619 | 4,183,564 | ||||||
Semapa-Sociedade de Investimento e Gestao | 115,363 | 1,599,916 | ||||||
Sonae, SGPS, S.A. | 7,880,481 | 7,210,408 | ||||||
|
| |||||||
| Total Portugal |
| 21,492,306 | ||||||
| Singapore – 2.8% |
| |||||||
AEM Holdings Ltd. | 562,200 | 1,732,292 | ||||||
Best World International Ltd. †(a) | 786,000 | 562,181 | ||||||
China Aviation Oil Singapore Corp., Ltd. | 1,463,800 | 1,231,091 | ||||||
CSE Global Ltd. | 2,517,500 | 974,323 | ||||||
iFAST Corp., Ltd. | 207,200 | 948,407 | ||||||
Japfa Ltd. | 1,965,800 | 1,338,722 | ||||||
Keppel Infrastructure Trust | 18,086,882 | 7,403,829 | ||||||
Manulife US Real Estate Investment Trust | 6,803,800 | 4,966,774 | ||||||
Oxley Holdings Ltd.(a) | 4,633,843 | 862,206 | ||||||
Raffles Medical Group Ltd. | 3,289,400 | 2,741,983 | ||||||
See Notes to Financial Statements.
| 64 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| Investments | Shares | Value | ||||||
Riverstone Holdings Ltd.(a) | 1,137,000 | $ | 1,040,868 | |||||
Sembcorp Industries Ltd. | 1,873,000 | 2,564,990 | ||||||
Sheng Siong Group Ltd.(a) | 4,115,500 | 4,717,081 | ||||||
Singapore Post Ltd. | 4,063,000 | 2,116,776 | ||||||
StarHub Ltd.(a) | 4,661,100 | 4,440,464 | ||||||
UMS Holdings Ltd. | 2,462,559 | 2,437,633 | ||||||
|
| |||||||
| Total Singapore |
| 40,079,620 | ||||||
| Spain – 3.2% |
| |||||||
Almirall S.A. | 231,084 | 3,511,696 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 421,080 | 8,363,727 | ||||||
Cie Automotive S.A. | 342,450 | 8,983,382 | ||||||
ContourGlobal PLC(b) | 821,455 | 2,312,058 | ||||||
Ercros S.A. | 223,204 | 670,257 | ||||||
Euskaltel S.A.(b) | 375,769 | 4,902,216 | ||||||
Faes Farma S.A. | 908,144 | 3,901,132 | ||||||
Global Dominion Access S.A.*(b) | 234,004 | 1,183,982 | ||||||
Grupo Empresarial San Jose S.A.(a) | 117,850 | 867,067 | ||||||
Miquel y Costas & Miquel S.A. | 84,511 | 1,529,616 | ||||||
Pharma Mar S.A.(a) | 7,169 | 833,725 | ||||||
Prosegur Cash S.A.(b) | 4,271,631 | 3,900,886 | ||||||
Prosegur Cia de Seguridad S.A. | 1,060,192 | 3,376,777 | ||||||
|
| |||||||
| Total Spain |
| 44,336,521 | ||||||
| Sweden – 3.0% |
| |||||||
AcadeMedia AB(b) | 161,619 | 1,518,603 | ||||||
Akelius Residential Property AB, Class D(a) | 395,736 | 689,290 | ||||||
Alimak Group AB(a)(b) | 52,359 | 840,983 | ||||||
Arjo AB, Class B | 228,591 | 1,705,981 | ||||||
Atrium Ljungberg AB, Class B(a) | 250,083 | 4,487,338 | ||||||
Beijer Alma AB(a) | 101,625 | 1,858,475 | ||||||
BioGaia AB, Class B | 12,773 | 600,820 | ||||||
Catena AB | 58,054 | 2,564,252 | ||||||
CTT Systems AB(a) | 31,863 | 561,495 | ||||||
Dustin Group AB(b) | 267,925 | 2,741,864 | ||||||
Instalco AB | 52,152 | 1,911,656 | ||||||
JM AB(a) | 93,529 | 3,169,747 | ||||||
Klovern AB, Class B(a) | 940,667 | 1,643,628 | ||||||
Kungsleden AB | 307,906 | 3,223,435 | ||||||
Lagercrantz Group AB, Class B | 211,472 | 1,919,098 | ||||||
LeoVegas AB(b) | 263,411 | 1,545,779 | ||||||
Lindab International AB | 44,015 | 891,278 | ||||||
Midsona AB, Class B | 102,745 | 976,020 | ||||||
MIPS AB | 16,645 | 1,193,525 | ||||||
Mycronic AB | 59,369 | 1,396,309 | ||||||
NCC AB, Class B(a) | 70,038 | 1,184,402 | ||||||
Platzer Fastigheter Holding AB, Class B(a) | 141,593 | 1,686,192 | ||||||
Ratos AB, Class B | 403,714 | 2,197,285 | ||||||
Troax Group AB(a) | 39,889 | 1,112,057 | ||||||
|
| |||||||
| Total Sweden |
| 41,619,512 | ||||||
| Switzerland – 2.1% |
| |||||||
Bobst Group S.A., Registered Shares | 34,300 | 2,275,976 | ||||||
Comet Holding AG, Registered Shares | 6,126 | 1,412,466 | ||||||
EFG International AG*(a) | 468,823 | 3,606,522 | ||||||
Huber + Suhner AG, Registered Shares | 44,245 | 3,441,252 | ||||||
Implenia AG, Registered Shares(a) | 41,973 | 1,159,537 | ||||||
Kardex Holding AG, Registered Shares | 19,846 | 4,065,568 | ||||||
Kudelski S.A., Bearer Shares(a) | 118,230 | 548,972 | ||||||
Mobilezone Holding AG, Registered Shares | 280,799 | 3,675,762 | ||||||
Swissquote Group Holding S.A., Registered Shares | 19,390 | 2,513,499 | ||||||
Valiant Holding AG, Registered Shares | 51,211 | 5,354,261 | ||||||
Zehnder Group AG | 18,133 | 1,450,794 | ||||||
|
| |||||||
| Total Switzerland |
| 29,504,609 | ||||||
| United Kingdom – 14.0% |
| |||||||
Aggreko PLC | 174,021 | 2,105,649 | ||||||
AJ Bell PLC | 276,064 | 1,597,815 | ||||||
Anglo Asian Mining PLC | 448,161 | 834,743 | ||||||
Avon Rubber PLC | 16,097 | 701,806 | ||||||
Big Yellow Group PLC | 272,061 | 4,185,294 | ||||||
Bodycote PLC | 331,987 | 3,785,722 | ||||||
Brewin Dolphin Holdings PLC | 1,184,121 | 5,072,739 | ||||||
CareTech Holdings PLC | 228,222 | 1,694,044 | ||||||
Chemring Group PLC | 369,360 | 1,355,552 | ||||||
Chesnara PLC | 414,451 | 1,629,682 | ||||||
Clarkson PLC | 67,653 | 2,566,874 | ||||||
Clinigen Group PLC | 92,173 | 986,212 | ||||||
Clipper Logistics PLC | 212,109 | 1,732,470 | ||||||
Close Brothers Group PLC | 327,624 | 7,010,876 | ||||||
CLS Holdings PLC | 977,928 | 3,089,777 | ||||||
CMC Markets PLC(b) | 1,138,451 | 7,586,584 | ||||||
Craneware PLC(a) | 28,081 | 832,982 | ||||||
Cranswick PLC | 57,108 | 2,864,875 | ||||||
Daily Mail & General Trust PLC, Class A Non-Voting Shares | 294,608 | 3,690,755 | ||||||
Devro PLC | 438,882 | 1,169,876 | ||||||
Diversified Gas & Oil PLC | 3,849,518 | 5,895,412 | ||||||
Drax Group PLC | 1,281,761 | 7,427,474 | ||||||
EMIS Group PLC | 176,618 | 2,680,479 | ||||||
FDM Group Holdings PLC | 119,920 | 1,667,773 | ||||||
Ferrexpo PLC | 4,039,265 | 20,876,367 | ||||||
Gamesys Group PLC | 99,111 | 2,641,884 | ||||||
Gamma Communications PLC | 56,741 | 1,283,884 | ||||||
Great Portland Estates PLC | 331,103 | 3,105,482 | ||||||
Helical PLC | 206,617 | 1,178,763 | ||||||
Hilton Food Group PLC | 134,537 | 1,993,567 | ||||||
IG Design Group PLC | 115,886 | 943,339 | ||||||
Impax Asset Management Group PLC | 142,917 | 1,530,137 | ||||||
IntegraFin Holdings PLC | 296,219 | 2,072,076 | ||||||
iomart Group PLC(a) | 174,028 | 751,533 | ||||||
James Fisher & Sons PLC | 44,530 | 652,472 | ||||||
John Laing Group PLC(b) | 935,639 | 4,045,686 | ||||||
Jupiter Fund Management PLC | 1,950,721 | 7,498,270 | ||||||
Learning Technologies Group PLC | 284,693 | 589,972 | ||||||
Liontrust Asset Management PLC | 90,067 | 1,764,570 | ||||||
Luceco PLC(b) | 204,297 | 766,683 | ||||||
Moneysupermarket.com Group PLC | 1,465,918 | 5,392,059 | ||||||
NCC Group PLC | 423,328 | 1,506,890 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 65 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| Investments | Shares | Value | ||||||
Nichols PLC(a) | 65,372 | $ | 1,172,519 | |||||
Numis Corp. PLC | 255,041 | 1,326,588 | ||||||
PayPoint PLC | 449,424 | 3,658,416 | ||||||
Polar Capital Holdings PLC | 372,645 | 3,578,404 | ||||||
PZ Cussons PLC | 948,778 | 3,495,109 | ||||||
QinetiQ Group PLC | 304,343 | 1,326,891 | ||||||
RWS Holdings PLC | 250,065 | 2,101,140 | ||||||
Sabre Insurance Group PLC(b) | 744,974 | 2,600,438 | ||||||
Safestore Holdings PLC | 416,613 | 4,572,543 | ||||||
Serica Energy PLC | 493,461 | 766,613 | ||||||
Smart Metering Systems PLC | 180,525 | 2,067,285 | ||||||
Spirent Communications PLC | 695,508 | 2,288,629 | ||||||
Stock Spirits Group PLC | 694,820 | 2,684,202 | ||||||
Telecom Plus PLC | 285,179 | 4,996,962 | ||||||
TORM PLC | 529,642 | 4,837,792 | ||||||
TP ICAP Group PLC | 3,142,720 | 10,556,022 | ||||||
Ultra Electronics Holdings PLC | 166,672 | 4,663,537 | ||||||
Volex PLC(a) | 185,963 | 864,652 | ||||||
Workspace Group PLC | 614,982 | 6,787,928 | ||||||
XPS Pensions Group PLC(a) | 721,587 | 1,219,578 | ||||||
YouGov PLC | 44,004 | 608,640 | ||||||
|
| |||||||
| Total United Kingdom |
| 196,932,987 | ||||||
| TOTAL COMMON STOCKS (Cost: $1,176,741,125) |
| 1,388,856,984 | ||||||
| EXCHANGE-TRADED FUNDS – 0.2% |
| |||||||
| United States – 0.2% |
| |||||||
WisdomTree Europe SmallCap Dividend Fund(a)(c) | 25,261 | 1,759,247 | ||||||
WisdomTree Japan SmallCap Dividend Fund(a)(c) | 18,898 | 1,441,447 | ||||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost: $2,929,066) |
| 3,200,694 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.9% |
| |||||||
| United States – 3.9% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $54,671,058) | 54,671,058 | 54,671,058 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 103.1% (Cost: $1,234,341,249) |
| 1,446,728,736 | ||||||
Other Assets less Liabilities – (3.1)% |
| (43,210,374 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 1,403,518,362 | |||||
| * | Non-income producing security. |
| ‡ | Share amount represents a fractional share. |
| † | 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 $562,181, which represents 0.04% of net assets. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $117,076,664 and the total market value of the collateral held by the Fund was $124,705,704. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $70,034,646. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (d) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree Europe SmallCap Dividend Fund | $ | 1,368,220 | $ | 7,820,331 | $ | 7,988,112 | $ | 399,249 | $ | 159,559 | $ | 1,759,247 | $ | 51,355 | ||||||||||||||
WisdomTree Japan SmallCap Dividend Fund | 1,110,881 | 6,721,360 | 6,649,442 | 221,083 | 37,565 | 1,441,447 | 42,205 | |||||||||||||||||||||
Total | $ | 2,479,101 | $ | 14,541,691 | $ | 14,637,554 | $ | 620,332 | $ | 197,124 | $ | 3,200,694 | $ | 93,560 | ||||||||||||||
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of Montreal | 4/1/2021 | 580,000 | USD | 420,863 | GBP | $ | — | $ | (665 | ) | ||||||||||||||||||
Goldman Sachs | 4/6/2021 | 263,425 | EUR | 34,200,000 | JPY | 101 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/6/2021 | 91,414 | EUR | 680,000 | DKK | — | (21 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 4/6/2021 | 224,532 | EUR | 2,300,000 | SEK | 19 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/6/2021 | 1,500,000 | EUR | 1,276,080 | GBP | 2,341 | — | |||||||||||||||||||||
| $ | 2,461 | $ | (686 | ) | ||||||||||||||||||||||||
See Notes to Financial Statements.
| 66 | WisdomTree Trust |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2021
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 |
| |||||||||||||||
Japan | $ | 348,043,825 | $ | 1,555,493 | $ | — | $ | 349,599,318 | ||||||||
Singapore | 39,517,439 | — | 562,181 | * | 40,079,620 | |||||||||||
Other | 999,178,046 | — | — | 999,178,046 | ||||||||||||
Exchange-Traded Funds | 3,200,694 | — | — | 3,200,694 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 54,671,058 | — | 54,671,058 | ||||||||||||
Total Investments in Securities | $ | 1,389,940,004 | $ | 56,226,551 | $ | 562,181 | $ | 1,446,728,736 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | 2,461 | $ | — | $ | 2,461 | ||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | $ | — | $ | (686 | ) | $ | — | $ | (686 | ) | ||||||
| Total – Net | $ | 1,389,940,004 | $ | 56,228,326 | $ | 562,181 | $ | 1,446,730,511 | ||||||||
| * | 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 | 67 |
Table of Contents
Schedule of Investments
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2021
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.4% |
| |||||||
| Japan – 98.4% |
| |||||||
| Air Freight & Logistics – 0.4% |
| |||||||
Kintetsu World Express, Inc. | 9,800 | $ | 254,800 | |||||
Konoike Transport Co., Ltd. | 11,700 | 128,012 | ||||||
Maruwa Unyu Kikan Co., Ltd.(a) | 5,500 | 96,014 | ||||||
Mitsui-Soko Holdings Co., Ltd. | 7,800 | 153,035 | ||||||
SBS Holdings, Inc. | 5,800 | 145,341 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 777,202 | ||||||
| Auto Components – 5.6% |
| |||||||
Daido Metal Co., Ltd. | 29,000 | 154,317 | ||||||
Daikyonishikawa Corp.(a) | 32,300 | 226,246 | ||||||
Eagle Industry Co., Ltd. | 27,900 | 300,967 | ||||||
Exedy Corp. | 21,425 | 324,380 | ||||||
FCC Co., Ltd. | 11,900 | 200,092 | ||||||
Futaba Industrial Co., Ltd. | 17,800 | 95,524 | ||||||
G-Tekt Corp. | 17,600 | 239,392 | ||||||
JTEKT Corp. | 136,700 | 1,397,928 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 8,600 | 147,017 | ||||||
NHK Spring Co., Ltd.(a) | 31,600 | 237,358 | ||||||
Nifco, Inc.(a) | 23,072 | 842,493 | ||||||
Nihon Tokushu Toryo Co., Ltd. | 11,100 | 108,087 | ||||||
NOK Corp. | 31,100 | 422,453 | ||||||
Pacific Industrial Co., Ltd. | 14,700 | 169,083 | ||||||
Riken Corp.(a) | 5,000 | 113,122 | ||||||
Shoei Co., Ltd. | 7,000 | 288,869 | ||||||
Sumitomo Riko Co., Ltd. | 28,200 | 181,960 | ||||||
Sumitomo Rubber Industries Ltd. | 72,200 | 852,679 | ||||||
Tokai Rika Co., Ltd. | 27,358 | 464,467 | ||||||
Topre Corp.(a) | 14,500 | 204,837 | ||||||
Toyo Tire Corp. | 36,600 | 648,532 | ||||||
Toyoda Gosei Co., Ltd.(a) | 21,500 | 565,810 | ||||||
Toyota Boshoku Corp.(a) | 42,700 | 707,158 | ||||||
TPR Co., Ltd. | 13,300 | 193,181 | ||||||
TS Tech Co., Ltd. | 32,000 | 477,539 | ||||||
Yokohama Rubber Co., Ltd. (The) | 62,400 | 1,118,118 | ||||||
|
| |||||||
| Total Auto Components |
| 10,681,609 | ||||||
| Automobiles – 0.1% |
| |||||||
Nissan Shatai Co., Ltd. | 21,700 | 156,318 | ||||||
| Banks – 7.1% |
| |||||||
77 Bank Ltd. (The) | 22,300 | 315,025 | ||||||
Aichi Bank Ltd. (The) | 3,500 | 95,656 | ||||||
Akita Bank Ltd. (The) | 10,100 | 133,905 | ||||||
Aomori Bank Ltd. (The)(a) | 3,962 | 90,534 | ||||||
Awa Bank Ltd. (The) | 6,475 | 146,024 | ||||||
Bank of Iwate Ltd. (The) | 4,700 | 101,614 | ||||||
Bank of Nagoya Ltd. (The)(a) | 4,969 | 141,650 | ||||||
Bank of Okinawa Ltd. (The) | 4,580 | 126,416 | ||||||
Bank of Saga Ltd. (The)(a) | 13,200 | 176,319 | ||||||
Bank of the Ryukyus Ltd. | 16,508 | 116,527 | ||||||
Chugoku Bank Ltd. (The) | 41,500 | 351,154 | ||||||
Chukyo Bank Ltd. (The) | 4,700 | 74,775 | ||||||
Daishi Hokuetsu Financial Group, Inc. | 23,055 | 544,557 | ||||||
Ehime Bank Ltd. (The) | 10,099 | 93,679 | ||||||
FIDEA Holdings Co., Ltd.(a) | 124,800 | 154,729 | ||||||
Fukui Bank Ltd. (The) | 6,848 | 121,467 | ||||||
Gunma Bank Ltd. (The) | 143,100 | 514,124 | ||||||
Hachijuni Bank Ltd. (The) | 157,700 | 575,141 | ||||||
Hokkoku Bank Ltd. (The) | 5,462 | 139,541 | ||||||
Hokuhoku Financial Group, Inc. | 45,600 | 424,637 | ||||||
Hyakugo Bank Ltd. (The) | 66,900 | 202,214 | ||||||
Hyakujushi Bank Ltd. (The) | 12,500 | 191,176 | ||||||
Iyo Bank Ltd. (The) | 87,600 | 526,393 | ||||||
Jimoto Holdings, Inc.(a) | 10,920 | 78,565 | ||||||
Juroku Bank Ltd. (The) | 13,100 | 261,881 | ||||||
Keiyo Bank Ltd. (The) | 40,442 | 167,624 | ||||||
Kiyo Bank Ltd. (The) | 13,290 | 199,290 | ||||||
Kyushu Financial Group, Inc.(a) | 99,300 | 426,855 | ||||||
Mebuki Financial Group, Inc. | 531,200 | 1,254,690 | ||||||
Miyazaki Bank Ltd. (The) | 7,800 | 164,965 | ||||||
Musashino Bank Ltd. (The) | 14,800 | 244,702 | ||||||
Nanto Bank Ltd. (The) | 13,000 | 232,000 | ||||||
Nishi-Nippon Financial Holdings, Inc.(a) | 65,300 | 469,805 | ||||||
North Pacific Bank Ltd.(a) | 152,615 | 441,962 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 8,042 | 162,077 | ||||||
Oita Bank Ltd. (The) | 4,600 | 89,669 | ||||||
San ju San Financial Group, Inc. | 13,200 | 166,284 | ||||||
San-In Godo Bank Ltd. (The) | 52,700 | 267,554 | ||||||
Senshu Ikeda Holdings, Inc. | 167,140 | 269,239 | ||||||
Seven Bank Ltd.(a) | 697,700 | 1,597,449 | ||||||
Shiga Bank Ltd. (The) | 8,184 | 177,456 | ||||||
Shikoku Bank Ltd. (The) | 17,500 | 123,846 | ||||||
Suruga Bank Ltd.(a) | 28,400 | 109,745 | ||||||
Toho Bank Ltd. (The)(a) | 50,200 | 111,757 | ||||||
Tokyo Kiraboshi Financial Group, Inc. | 14,900 | 188,778 | ||||||
TOMONY Holdings, Inc. | 39,677 | 116,338 | ||||||
Towa Bank Ltd. (The) | 23,000 | 143,204 | ||||||
Yamagata Bank Ltd. (The)(a) | 8,100 | 83,272 | ||||||
Yamaguchi Financial Group, Inc.(a) | 81,400 | 542,176 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 14,700 | 122,256 | ||||||
|
| |||||||
| Total Banks |
| 13,570,696 | ||||||
| Beverages – 0.4% |
| |||||||
Sapporo Holdings Ltd. | 17,698 | 367,253 | ||||||
Takara Holdings, Inc.(a) | 32,711 | 446,113 | ||||||
|
| |||||||
| Total Beverages |
| 813,366 | ||||||
| Building Products – 2.2% |
| |||||||
Aica Kogyo Co., Ltd. | 19,615 | 708,270 | ||||||
Bunka Shutter Co., Ltd. | 23,600 | 225,108 | ||||||
Central Glass Co., Ltd. | 10,286 | 219,311 | ||||||
Kondotec, Inc. | 12,000 | 116,090 | ||||||
Nichias Corp.(a) | 21,613 | 549,616 | ||||||
Nichiha Corp. | 4,500 | 131,538 | ||||||
Nihon Flush Co., Ltd.(a) | 7,500 | 92,240 | ||||||
Nitto Boseki Co., Ltd.(a) | 3,199 | 116,525 | ||||||
Noritz Corp. | 7,500 | 119,728 | ||||||
Okabe Co., Ltd. | 15,200 | 107,294 | ||||||
See Notes to Financial Statements.
| 68 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2021
| Investments | Shares | Value | ||||||
Sanwa Holdings Corp. | 67,766 | $ | 888,624 | |||||
Shin Nippon Air Technologies Co., Ltd.(a) | 8,200 | 178,545 | ||||||
Sinko Industries Ltd.(a) | 10,700 | 210,901 | ||||||
Takara Standard Co., Ltd. | 13,331 | 201,111 | ||||||
Takasago Thermal Engineering Co., Ltd. | 21,972 | 342,803 | ||||||
|
| |||||||
| Total Building Products |
| 4,207,704 | ||||||
| Capital Markets – 2.1% |
| |||||||
GCA Corp. | 23,300 | 178,598 | ||||||
GMO Financial Holdings, Inc.(a) | 69,600 | 572,547 | ||||||
Ichiyoshi Securities Co., Ltd.(a) | 32,288 | 179,410 | ||||||
IwaiCosmo Holdings, Inc.(a) | 20,400 | 326,215 | ||||||
Kyokuto Securities Co., Ltd.(a) | 18,100 | 142,343 | ||||||
Marusan Securities Co., Ltd.(a) | 30,200 | 175,734 | ||||||
Matsui Securities Co., Ltd.(a) | 107,600 | 877,354 | ||||||
Monex Group, Inc.(a) | 57,494 | 485,967 | ||||||
Morningstar Japan K.K.(a) | 40,644 | 175,818 | ||||||
Okasan Securities Group, Inc.(a) | 70,700 | 288,558 | ||||||
Sparx Group Co., Ltd.(a) | 81,800 | 220,601 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 78,900 | 289,181 | ||||||
|
| |||||||
| Total Capital Markets |
| 3,912,326 | ||||||
| Chemicals – 9.5% |
| |||||||
ADEKA Corp. | 45,925 | 902,707 | ||||||
Arakawa Chemical Industries Ltd. | 11,200 | 133,792 | ||||||
Asahi Yukizai Corp. | 12,600 | 171,041 | ||||||
C.I. Takiron Corp. | 45,600 | 280,203 | ||||||
Chugoku Marine Paints Ltd. | 32,300 | 290,846 | ||||||
Daicel Corp. | 127,500 | 983,077 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 6,142 | 137,347 | ||||||
Denka Co., Ltd. | 28,700 | 1,148,000 | ||||||
DIC Corp. | 27,700 | 718,696 | ||||||
Fujimi, Inc. | 9,800 | 382,688 | ||||||
Fujimori Kogyo Co., Ltd. | 4,200 | 171,041 | ||||||
Fuso Chemical Co., Ltd. | 6,600 | 242,796 | ||||||
JCU Corp. | 3,900 | 147,176 | ||||||
JSP Corp.(a) | 10,423 | 175,446 | ||||||
Kaneka Corp.(a) | 19,300 | 794,706 | ||||||
KH Neochem Co., Ltd. | 7,900 | 200,038 | ||||||
Koatsu Gas Kogyo Co., Ltd. | 14,000 | 93,122 | ||||||
Konishi Co., Ltd. | 7,800 | 126,706 | ||||||
Kumiai Chemical Industry Co., Ltd.(a) | 15,124 | 137,416 | ||||||
Kureha Corp. | 7,564 | 522,977 | ||||||
Lintec Corp. | 33,565 | 760,604 | ||||||
Moriroku Holdings Co., Ltd. | 7,500 | 153,258 | ||||||
Nihon Nohyaku Co., Ltd. | 28,200 | 138,831 | ||||||
Nihon Parkerizing Co., Ltd. | 28,100 | 303,887 | ||||||
Nippon Kayaku Co., Ltd. | 48,900 | 473,069 | ||||||
Nippon Pillar Packing Co., Ltd.(a) | 10,800 | 182,183 | ||||||
Nippon Shokubai Co., Ltd. | 10,000 | 573,756 | ||||||
Nippon Soda Co., Ltd. | 10,618 | 335,836 | ||||||
Okamoto Industries, Inc. | 3,787 | 144,112 | ||||||
Osaka Organic Chemical Industry Ltd.(a) | 5,000 | 167,873 | ||||||
Osaka Soda Co., Ltd. | 9,100 | 217,165 | ||||||
Sakata INX Corp. | 15,900 | 153,100 | ||||||
Sanyo Chemical Industries Ltd. | 9,335 | 473,086 | ||||||
Sekisui Kasei Co., Ltd. | 22,900 | 123,515 | ||||||
Shikoku Chemicals Corp. | 13,300 | 152,258 | ||||||
Shin-Etsu Polymer Co., Ltd. | 22,400 | 201,093 | ||||||
Sumitomo Bakelite Co., Ltd. | 8,318 | 340,624 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 6,400 | 233,991 | ||||||
T Hasegawa Co., Ltd. | 10,900 | 208,629 | ||||||
Taiyo Holdings Co., Ltd. | 8,791 | 479,726 | ||||||
Takasago International Corp. | 5,500 | 130,855 | ||||||
Tayca Corp.(a) | 8,300 | 111,693 | ||||||
Tokai Carbon Co., Ltd. | 61,700 | 997,809 | ||||||
Tokuyama Corp. | 17,300 | 437,275 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 7,000 | 438,371 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 24,102 | 442,997 | ||||||
Toyobo Co., Ltd.(a) | 21,853 | 281,617 | ||||||
Ube Industries Ltd. | 45,193 | 964,390 | ||||||
Valqua Ltd. | 11,137 | 214,778 | ||||||
Zeon Corp. | 33,100 | 529,899 | ||||||
|
| |||||||
| Total Chemicals |
| 18,126,101 | ||||||
| Commercial Services & Supplies – 1.7% |
| |||||||
Aeon Delight Co., Ltd. | 8,700 | 253,914 | ||||||
Bell System24 Holdings, Inc. | 14,500 | 248,140 | ||||||
Daiseki Co., Ltd. | 8,507 | 308,716 | ||||||
Kokuyo Co., Ltd. | 24,503 | 380,074 | ||||||
Mitsubishi Pencil Co., Ltd. | 11,900 | 172,092 | ||||||
Nippon Air Conditioning Services Co., Ltd. | 20,900 | 141,288 | ||||||
Nippon Kanzai Co., Ltd.(a) | 7,500 | 147,964 | ||||||
Nippon Parking Development Co., Ltd. | 108,700 | 150,508 | ||||||
Okamura Corp.(a) | 33,076 | 388,231 | ||||||
Pilot Corp. | 2,500 | 79,864 | ||||||
Relia, Inc. | 23,700 | 306,920 | ||||||
Sato Holdings Corp. | 9,438 | 246,242 | ||||||
Takara & Co. Ltd.(a) | 2,800 | 46,751 | ||||||
Takeei Corp.(a) | 4,900 | 57,204 | ||||||
Toppan Forms Co., Ltd. | 20,700 | 209,248 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 3,137,156 | ||||||
| Construction & Engineering – 6.6% |
| |||||||
Asanuma Corp.(a) | 4,800 | 194,606 | ||||||
Dai-Dan Co., Ltd. | 8,300 | 222,560 | ||||||
Daiho Corp. | 3,800 | 133,258 | ||||||
Fudo Tetra Corp. | 8,400 | 146,411 | ||||||
Hazama Ando Corp. | 59,200 | 454,849 | ||||||
JDC Corp.(a) | 37,200 | 207,041 | ||||||
JGC Holdings Corp. | 23,400 | 287,153 | ||||||
Kandenko Co., Ltd. | 69,238 | 608,417 | ||||||
Kumagai Gumi Co., Ltd. | 14,700 | 399,760 | ||||||
Kyudenko Corp. | 16,590 | 635,074 | ||||||
Maeda Corp.(a) | 34,687 | 300,098 | ||||||
Maeda Road Construction Co., Ltd.(a) | 32,994 | 639,875 | ||||||
Meisei Industrial Co., Ltd. | 17,800 | 124,842 | ||||||
Mirait Holdings Corp. | 18,000 | 297,611 | ||||||
Nippon Densetsu Kogyo Co., Ltd. | 8,400 | 147,247 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 69 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2021
| Investments | Shares | Value | ||||||
Nippon Koei Co., Ltd. | 3,400 | $ | 96,615 | |||||
Nishimatsu Construction Co., Ltd.(a) | 18,807 | 477,919 | ||||||
Nittoc Construction Co., Ltd. | 22,800 | 171,258 | ||||||
Okumura Corp. | 16,870 | 449,154 | ||||||
OSJB Holdings Corp. | 57,600 | 154,295 | ||||||
Penta-Ocean Construction Co., Ltd. | 101,593 | 798,953 | ||||||
Raito Kogyo Co., Ltd. | 16,900 | 287,529 | ||||||
Raiznext Corp.(a) | 24,400 | 264,094 | ||||||
Sanki Engineering Co., Ltd. | 51,200 | 673,245 | ||||||
Seikitokyu Kogyo Co., Ltd. | 28,100 | 236,752 | ||||||
Shinnihon Corp. | 11,600 | 92,695 | ||||||
SHO-BOND Holdings Co., Ltd. | 8,600 | 371,240 | ||||||
Sumitomo Densetsu Co., Ltd.(a) | 11,800 | 257,251 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 65,060 | 293,800 | ||||||
Taihei Dengyo Kaisha Ltd. | 6,500 | 155,588 | ||||||
Taikisha Ltd. | 12,865 | 353,351 | ||||||
Takamatsu Construction Group Co., Ltd. | 12,400 | 241,940 | ||||||
Tekken Corp. | 7,200 | 128,753 | ||||||
Toa Corp.(a) | 8,000 | 176,652 | ||||||
Tobishima Corp. | 11,900 | 129,662 | ||||||
Toda Corp. | 92,949 | 682,187 | ||||||
Tokyu Construction Co., Ltd. | 52,100 | 283,839 | ||||||
Totetsu Kogyo Co., Ltd. | 12,579 | 301,327 | ||||||
Toyo Construction Co., Ltd. | 30,200 | 157,149 | ||||||
Wakachiku Construction Co., Ltd.(a) | 2,900 | 36,033 | ||||||
Yahagi Construction Co., Ltd. | 21,100 | 160,398 | ||||||
Yokogawa Bridge Holdings Corp. | 9,800 | 181,899 | ||||||
Yurtec Corp. | 17,600 | 129,810 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 12,542,190 | ||||||
| Construction Materials – 0.6% |
| |||||||
Asia Pile Holdings Corp.(a) | 27,200 | 131,446 | ||||||
Krosaki Harima Corp. | 5,200 | 230,353 | ||||||
Shinagawa Refractories Co., Ltd.(a) | 6,500 | 169,647 | ||||||
Sumitomo Osaka Cement Co., Ltd.(a) | 12,740 | 406,412 | ||||||
Vertex Corp. | 7,500 | 184,547 | ||||||
|
| |||||||
| Total Construction Materials |
| 1,122,405 | ||||||
| Consumer Finance – 1.5% |
| |||||||
AEON Financial Service Co., Ltd.(a) | 86,100 | 1,157,091 | ||||||
Credit Saison Co., Ltd. | 62,400 | 749,929 | ||||||
Jaccs Co., Ltd. | 16,300 | 334,703 | ||||||
Orient Corp.(a) | 374,500 | 521,928 | ||||||
|
| |||||||
| Total Consumer Finance |
| 2,763,651 | ||||||
| Containers & Packaging – 0.9% |
| |||||||
Fuji Seal International, Inc. | 7,910 | 177,098 | ||||||
Hokkan Holdings Ltd. | 6,600 | 87,323 | ||||||
Kohsoku Corp.(a) | 7,500 | 101,131 | ||||||
Pack Corp. (The) | 3,200 | 87,457 | ||||||
Rengo Co., Ltd. | 96,300 | 837,505 | ||||||
Tomoku Co., Ltd. | 6,800 | 113,723 | ||||||
Toyo Seikan Group Holdings Ltd.(a) | 24,400 | 290,592 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 1,694,829 | ||||||
| Distributors – 0.2% |
| |||||||
Arata Corp. | 2,000 | 88,778 | ||||||
Doshisha Co., Ltd. | 12,500 | 211,652 | ||||||
Happinet Corp.(a) | 11,600 | 161,140 | ||||||
|
| |||||||
| Total Distributors |
| 461,570 | ||||||
| Diversified Consumer Services – 0.3% |
| |||||||
Benesse Holdings, Inc. | 17,900 | 377,115 | ||||||
Riso Kyoiku Co., Ltd. | 36,400 | 111,341 | ||||||
Tokyo Individualized Educational Institute, Inc.(a) | 27,800 | 155,479 | ||||||
|
| |||||||
| Total Diversified Consumer Services |
| 643,935 | ||||||
| Diversified Financial Services – 0.9% |
| |||||||
eGuarantee, Inc.(a) | 3,200 | 60,438 | ||||||
Fuyo General Lease Co., Ltd. | 8,600 | 593,050 | ||||||
Japan Investment Adviser Co., Ltd.(a) | 7,000 | 106,299 | ||||||
Japan Securities Finance Co., Ltd.(a) | 40,200 | 290,313 | ||||||
Mizuho Leasing Co., Ltd. | 12,000 | 361,086 | ||||||
NEC Capital Solutions Ltd.(a) | 7,800 | 143,012 | ||||||
Ricoh Leasing Co., Ltd. | 7,600 | 238,660 | ||||||
|
| |||||||
| Total Diversified Financial Services |
| 1,792,858 | ||||||
| Diversified Telecommunication Services – 0.3% |
| |||||||
ARTERIA Networks Corp.(a) | 21,300 | 316,512 | ||||||
Asahi Net, Inc. | 9,800 | 71,749 | ||||||
Internet Initiative Japan, Inc.(a) | 6,900 | 162,228 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 550,489 | ||||||
| Electric Utilities – 0.8% |
| |||||||
Hokkaido Electric Power Co., Inc.(a) | 42,900 | 196,059 | ||||||
Hokuriku Electric Power Co. | 54,700 | 374,732 | ||||||
Okinawa Electric Power Co., Inc. (The) | 25,381 | 356,253 | ||||||
Shikoku Electric Power Co., Inc. | 73,200 | 569,701 | ||||||
|
| |||||||
| Total Electric Utilities |
| 1,496,745 | ||||||
| Electrical Equipment – 1.5% |
| |||||||
Daihen Corp. | 6,000 | 264,163 | ||||||
Denyo Co., Ltd.(a) | 6,600 | 124,952 | ||||||
Furukawa Electric Co., Ltd.(a) | 15,400 | 413,919 | ||||||
GS Yuasa Corp.(a) | 15,800 | 428,959 | ||||||
Idec Corp. | 7,136 | 114,628 | ||||||
Mabuchi Motor Co., Ltd. | 13,600 | 598,769 | ||||||
Nippon Carbon Co., Ltd. | 4,600 | 193,367 | ||||||
Nissin Electric Co., Ltd. | 21,865 | 246,154 | ||||||
Nitto Kogyo Corp. | 13,000 | 238,588 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 27,300 | 155,400 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 2,778,899 | ||||||
| Electronic Equipment, Instruments & Components – 5.2% |
| |||||||
Ai Holdings Corp. | 13,000 | 258,000 | ||||||
Alps Alpine Co., Ltd.(a) | 25,200 | 332,959 | ||||||
Amano Corp. | 20,435 | 497,098 | ||||||
Canon Electronics, Inc. | 15,500 | 241,548 | ||||||
Canon Marketing Japan, Inc. | 42,100 | 935,725 | ||||||
CONEXIO Corp. | 19,400 | 243,685 | ||||||
Daiwabo Holdings Co., Ltd. | 31,695 | 482,452 | ||||||
Dexerials Corp. | 27,100 | 464,011 | ||||||
See Notes to Financial Statements.
| 70 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2021
| Investments | Shares | Value | ||||||
Elematec Corp. | 12,854 | $ | 118,420 | |||||
ESPEC Corp. | 8,000 | 133,864 | ||||||
Hakuto Co., Ltd. | 12,134 | 140,557 | ||||||
Horiba Ltd. | 8,800 | 555,873 | ||||||
Innotech Corp. | 11,200 | 134,603 | ||||||
Iriso Electronics Co., Ltd. | 2,300 | 102,720 | ||||||
Japan Aviation Electronics Industry Ltd. | 12,300 | 199,249 | ||||||
Kaga Electronics Co., Ltd. | 12,800 | 287,276 | ||||||
Kyosan Electric Manufacturing Co., Ltd.(a) | 28,100 | 104,771 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 22,700 | 453,795 | ||||||
Marubun Corp.(a) | 12,600 | 60,434 | ||||||
Meiko Electronics Co., Ltd. | 1,900 | 46,202 | ||||||
Nichicon Corp.(a) | 20,900 | 212,026 | ||||||
Nippon Ceramic Co., Ltd. | 8,000 | 193,086 | ||||||
Nippon Electric Glass Co., Ltd. | 43,800 | 1,016,715 | ||||||
Nippon Signal Co., Ltd. | 17,300 | 153,586 | ||||||
Nissha Co., Ltd. | 12,600 | 156,217 | ||||||
Nohmi Bosai Ltd. | 12,591 | 244,983 | ||||||
Oki Electric Industry Co., Ltd. | 38,000 | 395,475 | ||||||
Optex Group Co., Ltd. | 6,600 | 98,552 | ||||||
Osaki Electric Co., Ltd. | 22,300 | 123,104 | ||||||
Restar Holdings Corp. | 14,200 | 262,154 | ||||||
Riken Keiki Co., Ltd. | 5,400 | 134,634 | ||||||
Ryoden Corp.(a) | 11,061 | 165,064 | ||||||
Ryosan Co., Ltd. | 7,600 | 155,370 | ||||||
Sanshin Electronics Co., Ltd.(a) | 5,700 | 103,425 | ||||||
Siix Corp. | 10,900 | 160,985 | ||||||
Tachibana Eletech Co., Ltd.(a) | 9,200 | 134,378 | ||||||
Tokyo Electron Device Ltd. | 4,300 | 151,570 | ||||||
Tsuzuki Denki Co., Ltd. | 10,900 | 163,451 | ||||||
V Technology Co., Ltd.(a) | 1,800 | 88,778 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 9,906,795 | ||||||
| Energy Equipment & Services – 0.1% |
| |||||||
Toyo Kanetsu K.K.(a) | 6,400 | 157,249 | ||||||
| Entertainment – 1.1% |
| |||||||
Akatsuki, Inc.(a) | 2,700 | 109,344 | ||||||
Avex, Inc.(a) | 23,199 | 286,996 | ||||||
COLOPL, Inc.(a) | 21,000 | 158,498 | ||||||
Daiichikosho Co., Ltd. | 15,500 | 601,765 | ||||||
GungHo Online Entertainment, Inc. | 9,349 | 184,949 | ||||||
Marvelous, Inc. | 21,800 | 169,862 | ||||||
Toei Animation Co., Ltd.(a) | 5,700 | 611,267 | ||||||
|
| |||||||
| Total Entertainment |
| 2,122,681 | ||||||
| Food & Staples Retailing – 2.6% |
| |||||||
Aeon Hokkaido Corp. | 12,500 | 137,104 | ||||||
Ain Holdings, Inc.(a) | 3,100 | 200,308 | ||||||
Arcs Co., Ltd. | 11,394 | 246,544 | ||||||
Axial Retailing, Inc. | 5,200 | 226,588 | ||||||
Belc Co., Ltd. | 2,800 | 156,344 | ||||||
Cawachi Ltd. | 5,500 | 143,398 | ||||||
cocokara fine, Inc.(a) | 2,800 | 215,638 | ||||||
Create SD Holdings Co., Ltd. | 10,700 | 348,597 | ||||||
G-7 Holdings, Inc. | 7,500 | 179,118 | ||||||
Heiwado Co., Ltd.(a) | 5,563 | 112,972 | ||||||
Inageya Co., Ltd.(a) | 7,500 | 112,398 | ||||||
JM Holdings Co., Ltd. | 6,000 | 123,529 | ||||||
Kato Sangyo Co., Ltd. | 9,116 | 294,929 | ||||||
Kusuri no Aoki Holdings Co., Ltd.(a) | 1,400 | 107,439 | ||||||
Life Corp. | 8,400 | 256,561 | ||||||
Maxvalu Tokai Co., Ltd. | 8,000 | 187,801 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 7,100 | 198,864 | ||||||
Nihon Chouzai Co., Ltd. | 8,100 | 130,846 | ||||||
Okuwa Co., Ltd. | 11,700 | 128,118 | ||||||
Qol Holdings Co., Ltd. | 10,600 | 149,263 | ||||||
Retail Partners Co., Ltd. | 8,400 | 105,665 | ||||||
San-A Co., Ltd. | 2,900 | 120,855 | ||||||
United Super Markets Holdings, Inc. | 18,200 | 192,047 | ||||||
Valor Holdings Co., Ltd. | 14,591 | 328,397 | ||||||
Yaoko Co., Ltd.(a) | 4,900 | 301,539 | ||||||
Yokohama Reito Co., Ltd. | 19,000 | 156,986 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 4,861,848 | ||||||
| Food Products – 3.0% |
| |||||||
Ariake Japan Co., Ltd. | 2,528 | 153,510 | ||||||
DyDo Group Holdings, Inc. | 2,600 | 125,176 | ||||||
Feed One Co., Ltd. | 18,140 | 150,209 | ||||||
Fuji Oil Holdings, Inc.(a) | 19,500 | 521,118 | ||||||
Fujicco Co., Ltd. | 6,700 | 118,235 | ||||||
Hokuto Corp. | 12,891 | 243,471 | ||||||
Itoham Yonekyu Holdings, Inc. | 92,100 | 607,610 | ||||||
J-Oil Mills, Inc. | 7,200 | 129,991 | ||||||
Kakiyasu Honten Co., Ltd. | 4,200 | 100,306 | ||||||
Kameda Seika Co., Ltd. | 2,200 | 95,964 | ||||||
Kotobuki Spirits Co., Ltd.(a) | 2,000 | 130,136 | ||||||
Kyokuyo Co., Ltd.(a) | 5,200 | 143,765 | ||||||
Marudai Food Co., Ltd. | 6,900 | 107,153 | ||||||
Maruha Nichiro Corp. | 7,632 | 181,303 | ||||||
Megmilk Snow Brand Co., Ltd. | 10,600 | 215,741 | ||||||
Mitsui Sugar Co., Ltd. | 9,998 | 177,521 | ||||||
Morinaga & Co., Ltd. | 8,487 | 303,765 | ||||||
Morinaga Milk Industry Co., Ltd. | 7,482 | 394,074 | ||||||
Nippn Corp. | 12,883 | 193,187 | ||||||
Nippon Suisan Kaisha Ltd. | 55,500 | 267,204 | ||||||
Nisshin Oillio Group Ltd. (The) | 7,500 | 221,606 | ||||||
Prima Meat Packers Ltd. | 12,700 | 401,113 | ||||||
Riken Vitamin Co., Ltd. | 12,100 | 149,471 | ||||||
Rock Field Co., Ltd.(a) | 6,500 | 99,235 | ||||||
S Foods, Inc. | 5,100 | 174,692 | ||||||
Sakata Seed Corp. | 3,100 | 114,742 | ||||||
Showa Sangyo Co., Ltd.(a) | 7,500 | 210,747 | ||||||
|
| |||||||
| Total Food Products |
| 5,731,045 | ||||||
| Gas Utilities – 0.4% |
| |||||||
Nippon Gas Co., Ltd. | 25,800 | 449,691 | ||||||
Saibu Gas Co., Ltd. | 8,800 | 252,452 | ||||||
Shizuoka Gas Co., Ltd. | 13,992 | 125,991 | ||||||
|
| |||||||
| Total Gas Utilities |
| 828,134 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 71 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2021
| Investments | Shares | Value | ||||||
| Health Care Equipment & Supplies – 1.2% |
| |||||||
Eiken Chemical Co., Ltd. | 6,670 | $ | 130,563 | |||||
Hogy Medical Co., Ltd. | 7,000 | 213,801 | ||||||
Japan Lifeline Co., Ltd. | 16,600 | 210,467 | ||||||
Jeol Ltd. | 4,900 | 194,670 | ||||||
Mani, Inc. | 7,700 | 193,719 | ||||||
Menicon Co., Ltd. | 2,800 | 165,466 | ||||||
Nagaileben Co., Ltd. | 7,526 | 186,618 | ||||||
Nakanishi, Inc. | 13,600 | 283,692 | ||||||
Nihon Kohden Corp. | 13,500 | 394,615 | ||||||
Nipro Corp.(a) | 15,400 | 186,333 | ||||||
Paramount Bed Holdings Co., Ltd. | 9,842 | 209,577 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 2,369,521 | ||||||
| Health Care Providers & Services – 1.4% |
| |||||||
As One Corp. | 2,100 | 264,353 | ||||||
BML, Inc. | 6,700 | 231,923 | ||||||
FALCO HOLDINGS Co., Ltd. | 1,600 | 25,325 | ||||||
France Bed Holdings Co., Ltd. | 16,500 | 144,692 | ||||||
H.U. Group Holdings, Inc.(a) | 15,900 | 534,557 | ||||||
Ship Healthcare Holdings, Inc. | 20,014 | 563,290 | ||||||
Solasto Corp. | 18,000 | 232,615 | ||||||
Toho Holdings Co., Ltd. | 12,500 | 229,638 | ||||||
Tokai Corp. | 5,500 | 120,005 | ||||||
Vital KSK Holdings, Inc. | 18,400 | 131,381 | ||||||
WIN-Partners Co., Ltd.(a) | 10,900 | 103,772 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 2,581,551 | ||||||
| Hotels, Restaurants & Leisure – 1.4% |
| |||||||
Hiday Hidaka Corp.(a) | 10,098 | 164,218 | ||||||
Ichibanya Co., Ltd.(a) | 7,536 | 328,720 | ||||||
KFC Holdings Japan Ltd.(a) | 7,100 | 190,768 | ||||||
KOMEDA Holdings Co., Ltd. | 13,000 | 237,059 | ||||||
Koshidaka Holdings Co., Ltd.(a) | 27,300 | 147,247 | ||||||
Kyoritsu Maintenance Co., Ltd.(a) | 4,300 | 142,620 | ||||||
MOS Food Services, Inc.(a) | 5,000 | 147,059 | ||||||
Ohsho Food Service Corp. | 4,500 | 237,013 | ||||||
Resorttrust, Inc. | 17,408 | 291,131 | ||||||
Saizeriya Co., Ltd.(a) | 6,000 | 123,529 | ||||||
St. Marc Holdings Co., Ltd. | 12,500 | 194,683 | ||||||
Sushiro Global Holdings Ltd. | 6,400 | 283,222 | ||||||
Tokyotokeiba Co., Ltd. | 4,042 | 204,478 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 2,691,747 | ||||||
| Household Durables – 1.7% |
| |||||||
ES-Con Japan Ltd. | 24,600 | 174,760 | ||||||
Eslead Corp.(a) | 3,900 | 59,400 | ||||||
FJ Next Co., Ltd.(a) | 17,500 | 177,692 | ||||||
Fuji Corp., Ltd. | 23,500 | 157,588 | ||||||
Hinokiya Group Co., Ltd. | 9,000 | 204,597 | ||||||
Hoosiers Holdings(a) | 31,700 | 211,429 | ||||||
Ki-Star Real Estate Co., Ltd.(a) | 4,400 | 160,670 | ||||||
LEC, Inc.(a) | 7,500 | 85,724 | ||||||
Pressance Corp.(a) | 13,188 | 201,580 | ||||||
Sanei Architecture Planning Co., Ltd. | 7,100 | 113,343 | ||||||
Sangetsu Corp. | 21,400 | 324,777 | ||||||
Sumitomo Forestry Co., Ltd. | 27,300 | 589,482 | ||||||
Tama Home Co., Ltd. | 13,400 | 266,060 | ||||||
Tamron Co., Ltd. | 11,966 | 233,472 | ||||||
Toa Corp. | 13,852 | 120,719 | ||||||
Zojirushi Corp. | 8,700 | 152,349 | ||||||
|
| |||||||
| Total Household Durables |
| 3,233,642 | ||||||
| Household Products – 0.2% |
| |||||||
Earth Corp. | 3,500 | 210,950 | ||||||
ST Corp. | 7,600 | 134,462 | ||||||
|
| |||||||
| Total Household Products |
| 345,412 | ||||||
| Independent Power & Renewable Electricity Producers – 0.9% |
| |||||||
Electric Power Development Co., Ltd.(a) | 79,400 | 1,389,680 | ||||||
eRex Co., Ltd.(a) | 8,500 | 142,000 | ||||||
West Holdings Corp.(a) | 8,247 | 257,112 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 1,788,792 | ||||||
| Industrial Conglomerates – 0.4% |
| |||||||
Nisshinbo Holdings, Inc. | 51,200 | 381,799 | ||||||
Noritsu Koki Co., Ltd. | 3,400 | 81,723 | ||||||
TOKAI Holdings Corp. | 37,400 | 323,569 | ||||||
|
| |||||||
| Total Industrial Conglomerates |
| 787,091 | ||||||
| Interactive Media & Services – 0.2% |
| |||||||
Dip Corp. | 14,400 | 377,788 | ||||||
MTI Ltd. | 11,900 | 87,016 | ||||||
|
| |||||||
| Total Interactive Media & Services |
| 464,804 | ||||||
| Internet & Direct Marketing Retail – 0.3% |
| |||||||
ASKUL Corp. | 7,565 | 289,593 | ||||||
Belluna Co., Ltd. | 17,884 | 210,076 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 499,669 | ||||||
| IT Services – 2.5% |
| |||||||
Comture Corp. | 2,700 | 65,240 | ||||||
Digital Garage, Inc. | 2,600 | 106,000 | ||||||
DTS Corp. | 13,282 | 303,623 | ||||||
Future Corp.(a) | 7,900 | 142,986 | ||||||
GMO GlobalSign Holdings K.K. | 600 | 36,869 | ||||||
GMO Internet, Inc. | 8,672 | 248,781 | ||||||
ID Holdings Corp. | 7,500 | 86,539 | ||||||
Ines Corp. | 9,600 | 115,461 | ||||||
Infocom Corp. | 6,400 | 162,983 | ||||||
Infomart Corp. | 7,300 | 62,958 | ||||||
Information Services International-Dentsu Ltd. | 11,600 | 410,986 | ||||||
Itfor, Inc. | 13,900 | 104,407 | ||||||
JBCC Holdings, Inc. | 9,000 | 120,706 | ||||||
Kanematsu Electronics Ltd. | 12,000 | 405,068 | ||||||
Mitsubishi Research Institute, Inc. | 5,900 | 219,982 | ||||||
NEC Networks & System Integration Corp. | 27,937 | 492,500 | ||||||
NS Solutions Corp. | 14,980 | 475,835 | ||||||
NSD Co., Ltd. | 22,400 | 373,198 | ||||||
SB Technology Corp.(a) | 2,600 | 75,529 | ||||||
TDC Soft, Inc.(a) | 11,400 | 105,128 | ||||||
TKC Corp. | 12,400 | 395,005 | ||||||
See Notes to Financial Statements.
| 72 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2021
| Investments | Shares | Value | ||||||
Transcosmos, Inc. | 7,700 | $ | 208,074 | |||||
Uchida Yoko Co., Ltd.(a) | 1,700 | 75,769 | ||||||
|
| |||||||
| Total IT Services |
| 4,793,627 | ||||||
| Leisure Products – 1.0% |
| |||||||
Furyu Corp. | 12,700 | 123,667 | ||||||
Heiwa Corp.(a) | 39,300 | 642,671 | ||||||
Mizuno Corp. | 7,023 | 138,172 | ||||||
Sankyo Co., Ltd. | 31,600 | 838,758 | ||||||
Tomy Co., Ltd. | 21,700 | 197,362 | ||||||
|
| |||||||
| Total Leisure Products |
| 1,940,630 | ||||||
| Life Sciences Tools & Services – 0.1% |
| |||||||
EPS Holdings, Inc. | 12,500 | 127,828 | ||||||
| Machinery – 4.7% |
| |||||||
Aichi Corp. | 18,000 | 144,977 | ||||||
Aida Engineering Ltd. | 23,100 | 207,796 | ||||||
Alinco, Inc. | 13,000 | 115,882 | ||||||
CKD Corp. | 5,741 | 119,860 | ||||||
DMG Mori Co., Ltd. | 23,200 | 380,858 | ||||||
Ebara Corp. | 12,100 | 494,403 | ||||||
Fujitec Co., Ltd. | 18,961 | 404,616 | ||||||
Furukawa Co., Ltd. | 17,300 | 209,166 | ||||||
Giken Ltd. | 5,500 | 248,371 | ||||||
Glory Ltd. | 13,300 | 286,462 | ||||||
Hitachi Zosen Corp.(a) | 50,500 | 409,027 | ||||||
Japan Steel Works Ltd. (The) | 7,604 | 180,776 | ||||||
Juki Corp. | 700 | 5,638 | ||||||
Kito Corp.(a) | 2,300 | 37,986 | ||||||
Kitz Corp. | 23,089 | 133,937 | ||||||
Kyokuto Kaihatsu Kogyo Co., Ltd. | 9,980 | 149,384 | ||||||
Meidensha Corp. | 10,100 | 220,006 | ||||||
METAWATER Co., Ltd.(a) | 8,800 | 176,398 | ||||||
Mitsubishi Logisnext Co., Ltd. | 12,500 | 146,606 | ||||||
Mitsuboshi Belting Ltd. | 7,746 | 124,847 | ||||||
Morita Holdings Corp. | 9,905 | 160,183 | ||||||
Nachi-Fujikoshi Corp. | 4,500 | 196,086 | ||||||
Nikkiso Co., Ltd. | 12,500 | 127,489 | ||||||
Nikko Co., Ltd. | 20,500 | 135,615 | ||||||
Nitta Corp. | 7,500 | 178,778 | ||||||
Noritake Co., Ltd. | 3,700 | 118,869 | ||||||
Obara Group, Inc.(a) | 4,179 | 143,145 | ||||||
Oiles Corp.(a) | 10,000 | 153,303 | ||||||
OKUMA Corp. | 3,270 | 187,914 | ||||||
Organo Corp. | 1,600 | 96,145 | ||||||
OSG Corp. | 17,600 | 313,933 | ||||||
Shibaura Machine Co., Ltd. | 12,461 | 315,190 | ||||||
Shibuya Corp. | 3,700 | 118,869 | ||||||
Shinmaywa Industries Ltd. | 27,585 | 255,130 | ||||||
Shinwa Co., Ltd. | 7,700 | 151,561 | ||||||
Sodick Co., Ltd.(a) | 14,900 | 138,752 | ||||||
Star Micronics Co., Ltd.(a) | 13,134 | 196,119 | ||||||
Sumitomo Heavy Industries Ltd.(a) | 16,600 | 461,946 | ||||||
Takeuchi Manufacturing Co., Ltd. | 6,500 | 182,059 | ||||||
Takuma Co., Ltd. | 11,700 | 253,800 | ||||||
Technoflex Corp. | 5,800 | 54,326 | ||||||
Teikoku Electric Manufacturing Co., Ltd.(a) | 11,700 | 139,976 | ||||||
Tocalo Co., Ltd. | 11,600 | 152,007 | ||||||
Tsubakimoto Chain Co. | 10,245 | 282,781 | ||||||
Tsugami Corp. | 6,800 | 102,338 | ||||||
Union Tool Co. | 2,700 | 86,009 | ||||||
YAMABIKO Corp. | 9,000 | 100,018 | ||||||
|
| |||||||
| Total Machinery |
| 8,999,337 | ||||||
| Marine – 1.2% |
| |||||||
Iino Kaiun Kaisha Ltd. | 50,400 | 241,738 | ||||||
Mitsui OSK Lines Ltd.(a) | 16,000 | 561,086 | ||||||
Nippon Yusen K.K. | 35,200 | 1,202,534 | ||||||
NS United Kaiun Kaisha Ltd. | 11,500 | 196,176 | ||||||
|
| |||||||
| Total Marine |
| 2,201,534 | ||||||
| Media – 1.0% |
| |||||||
FAN Communications, Inc. | 31,400 | 117,075 | ||||||
Intage Holdings, Inc. | 19,900 | 234,298 | ||||||
Kadokawa Corp. | 9,500 | 369,253 | ||||||
Proto Corp. | 9,200 | 97,495 | ||||||
SKY Perfect JSAT Holdings, Inc. | 101,000 | 449,701 | ||||||
Tv Tokyo Holdings Corp. | 4,900 | 105,805 | ||||||
ValueCommerce Co., Ltd. | 4,500 | 146,199 | ||||||
Wowow, Inc. | 11,400 | 290,107 | ||||||
Zenrin Co., Ltd. | 13,180 | 158,041 | ||||||
|
| |||||||
| Total Media |
| 1,967,974 | ||||||
| Metals & Mining – 2.8% |
| |||||||
Asahi Holdings, Inc. | 45,200 | 866,367 | ||||||
Daido Steel Co., Ltd. | 7,300 | 337,584 | ||||||
Daiki Aluminium Industry Co., Ltd. | 27,300 | 264,847 | ||||||
Dowa Holdings Co., Ltd. | 15,800 | 658,452 | ||||||
Godo Steel Ltd. | 18,200 | 358,071 | ||||||
Kurimoto Ltd. | 7,500 | 118,846 | ||||||
Kyoei Steel Ltd. | 23,514 | 353,242 | ||||||
Maruichi Steel Tube Ltd. | 25,000 | 571,267 | ||||||
Mitsubishi Materials Corp. | 22,700 | 530,831 | ||||||
Mitsui Mining & Smelting Co., Ltd.(a) | 12,000 | 417,014 | ||||||
Toho Titanium Co., Ltd. | 18,200 | 163,882 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 47,700 | 365,628 | ||||||
Tokyo Tekko Co., Ltd.(a) | 5,600 | 95,681 | ||||||
UACJ Corp.* | 5,363 | 129,489 | ||||||
|
| |||||||
| Total Metals & Mining |
| 5,231,201 | ||||||
| Multiline Retail – 0.6% |
| |||||||
Izumi Co., Ltd. | 13,800 | 541,385 | ||||||
MrMax Holdings Ltd. | 14,200 | 92,396 | ||||||
Takashimaya Co., Ltd. | 47,100 | 503,395 | ||||||
|
| |||||||
| Total Multiline Retail |
| 1,137,176 | ||||||
| Oil, Gas & Consumable Fuels – 1.3% |
| |||||||
Cosmo Energy Holdings Co., Ltd. | 37,700 | 899,682 | ||||||
Itochu Enex Co., Ltd. | 53,481 | 528,518 | ||||||
Iwatani Corp. | 10,133 | 626,320 | ||||||
Sala Corp. | 24,200 | 134,250 | ||||||
San-Ai Oil Co., Ltd. | 17,416 | 206,943 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2021
| Investments | Shares | Value | ||||||
Sinanen Holdings Co., Ltd. | 4,500 | $ | 124,005 | |||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 2,519,718 | ||||||
| Paper & Forest Products – 0.6% |
| |||||||
Daiken Corp. | 8,200 | 163,555 | ||||||
Daio Paper Corp. | 20,178 | 346,769 | ||||||
Hokuetsu Corp. | 61,532 | 288,449 | ||||||
Nippon Paper Industries Co., Ltd.(a) | 32,900 | 394,800 | ||||||
|
| |||||||
| Total Paper & Forest Products |
| 1,193,573 | ||||||
| Personal Products – 0.5% |
| |||||||
Kitanotatsujin Corp. | 7,200 | 41,506 | ||||||
Mandom Corp. | 11,606 | 219,306 | ||||||
Milbon Co., Ltd. | 2,800 | 153,810 | ||||||
Noevir Holdings Co., Ltd. | 10,800 | 490,643 | ||||||
Shinnihonseiyaku Co., Ltd.(a) | 3,000 | 63,475 | ||||||
|
| |||||||
| Total Personal Products |
| 968,740 | ||||||
| Pharmaceuticals – 2.2% |
| |||||||
Fuji Pharma Co., Ltd. | 9,000 | 103,765 | ||||||
Kaken Pharmaceutical Co., Ltd. | 21,900 | 859,154 | ||||||
KYORIN Holdings, Inc. | 32,985 | 575,521 | ||||||
Mochida Pharmaceutical Co., Ltd. | 8,222 | 319,207 | ||||||
Nichi-iko Pharmaceutical Co., Ltd.(a) | 17,400 | 156,679 | ||||||
Sawai Pharmaceutical Co., Ltd. | 14,524 | 697,283 | ||||||
Seikagaku Corp. | 15,000 | 140,362 | ||||||
Taiko Pharmaceutical Co., Ltd.(a) | 7,500 | 84,706 | ||||||
Towa Pharmaceutical Co., Ltd. | 10,600 | 234,351 | ||||||
Tsumura & Co. | 20,800 | 744,471 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 12,800 | 243,605 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 4,159,104 | ||||||
| Professional Services – 2.3% |
| |||||||
Altech Corp. | 11,060 | 219,298 | ||||||
BayCurrent Consulting, Inc. | 1,100 | 251,358 | ||||||
BeNEXT Group, Inc.(a) | 31,092 | 495,502 | ||||||
en-japan, Inc. | 12,000 | 370,860 | ||||||
Forum Engineering, Inc. | 12,900 | 123,863 | ||||||
FULLCAST Holdings Co., Ltd. | 7,100 | 128,378 | ||||||
Funai Soken Holdings, Inc. | 7,110 | 138,082 | ||||||
IR Japan Holdings Ltd.(a) | 1,300 | 157,294 | ||||||
JAC Recruitment Co., Ltd. | 18,300 | 288,991 | ||||||
Meitec Corp. | 10,700 | 591,647 | ||||||
Nisso Corp.(a) | 10,500 | 81,625 | ||||||
Nomura Co., Ltd. | 41,900 | 348,092 | ||||||
Outsourcing, Inc. | 20,800 | 335,812 | ||||||
SMS Co., Ltd. | 2,600 | 79,529 | ||||||
Tanseisha Co., Ltd. | 25,400 | 202,510 | ||||||
TechnoPro Holdings, Inc. | 5,900 | 492,290 | ||||||
Weathernews, Inc. | 1,500 | 71,539 | ||||||
|
| |||||||
| Total Professional Services |
| 4,376,670 | ||||||
| Real Estate Management & Development – 2.5% |
| |||||||
Aoyama Zaisan Networks Co., Ltd.(a) | 8,100 | 117,285 | ||||||
Daibiru Corp.(a) | 18,500 | 238,910 | ||||||
Goldcrest Co., Ltd. | 17,600 | 270,132 | ||||||
Grandy House Corp. | 10,800 | 47,207 | ||||||
Heiwa Real Estate Co., Ltd. | 11,068 | 346,063 | ||||||
Ichigo, Inc. | 106,500 | 315,163 | ||||||
Katitas Co., Ltd. | 9,500 | 265,656 | ||||||
Keihanshin Building Co., Ltd. | 11,600 | 156,311 | ||||||
Nippon Commercial Development Co., Ltd. | 9,400 | 146,062 | ||||||
Raysum Co., Ltd.(a) | 18,400 | 150,197 | ||||||
SAMTY Co., Ltd. | 17,000 | 312,000 | ||||||
Shinoken Group Co., Ltd. | 23,000 | 263,719 | ||||||
Starts Corp., Inc. | 16,100 | 423,262 | ||||||
Sun Frontier Fudousan Co., Ltd. | 23,400 | 204,777 | ||||||
Takara Leben Co., Ltd. | 69,200 | 233,589 | ||||||
TOC Co., Ltd.(a) | 17,600 | 125,510 | ||||||
Tokyo Tatemono Co., Ltd. | 67,100 | 1,020,770 | ||||||
Tosei Corp. | 18,200 | 184,141 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 4,820,754 | ||||||
| Road & Rail – 1.5% |
| |||||||
Fukuyama Transporting Co., Ltd. | 3,811 | 157,269 | ||||||
Hamakyorex Co., Ltd. | 5,300 | 155,643 | ||||||
Maruzen Showa Unyu Co., Ltd. | 5,400 | 158,579 | ||||||
Nikkon Holdings Co., Ltd.(a) | 15,860 | 319,066 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 7,700 | 206,053 | ||||||
Sakai Moving Service Co., Ltd. | 3,100 | 139,009 | ||||||
Sankyu, Inc. | 11,200 | 492,597 | ||||||
Seino Holdings Co., Ltd. | 57,000 | 795,421 | ||||||
Senko Group Holdings Co., Ltd.(a) | 42,156 | 399,814 | ||||||
|
| |||||||
| Total Road & Rail |
| 2,823,451 | ||||||
| Semiconductors & Semiconductor Equipment – 1.3% |
| |||||||
Ferrotec Holdings Corp. | 9,900 | 197,910 | ||||||
Japan Material Co., Ltd. | 15,000 | 177,828 | ||||||
Mimasu Semiconductor Industry Co., Ltd. | 7,127 | 176,014 | ||||||
Optorun Co., Ltd. | 12,500 | 310,294 | ||||||
Rorze Corp. | 500 | 35,385 | ||||||
SCREEN Holdings Co., Ltd. | 2,900 | 255,620 | ||||||
Shinko Electric Industries Co., Ltd. | 13,653 | 423,181 | ||||||
Tokyo Seimitsu Co., Ltd. | 7,500 | 342,082 | ||||||
Ulvac, Inc. | 8,700 | 366,502 | ||||||
Yamaichi Electronics Co., Ltd.(a) | 12,000 | 162,679 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 2,447,495 | ||||||
| Software – 0.8% |
| |||||||
Broadleaf Co., Ltd.(a) | 22,300 | 109,583 | ||||||
Computer Engineering & Consulting Ltd. | 9,000 | 117,041 | ||||||
Cresco Ltd. | 1,900 | 27,735 | ||||||
Cybernet Systems Co., Ltd. | 13,800 | 109,401 | ||||||
Digital Arts, Inc. | 1,300 | 114,000 | ||||||
Fuji Soft, Inc. | 2,100 | 108,896 | ||||||
Fukui Computer Holdings, Inc. | 2,200 | 78,941 | ||||||
Miroku Jyoho Service Co., Ltd.(a) | 6,100 | 113,775 | ||||||
SRA Holdings(a) | 10,600 | 260,060 | ||||||
Systena Corp. | 16,600 | 332,300 | ||||||
UNITED, Inc.(a) | 7,500 | 94,547 | ||||||
|
| |||||||
| Total Software |
| 1,466,279 | ||||||
See Notes to Financial Statements.
| 74 | WisdomTree Trust |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2021
| Investments | Shares | Value | ||||||
| Specialty Retail – 3.0% |
| |||||||
Adastria Co., Ltd. | 9,700 | $ | 178,111 | |||||
Alleanza Holdings Co., Ltd.(a) | 9,200 | 110,650 | ||||||
Alpen Co., Ltd. | 6,700 | 143,944 | ||||||
Arcland Sakamoto Co., Ltd. | 8,516 | 131,015 | ||||||
Autobacs Seven Co., Ltd. | 33,100 | 449,321 | ||||||
Bic Camera, Inc. | 27,300 | 306,353 | ||||||
Chiyoda Co., Ltd. | 27,291 | 244,755 | ||||||
DCM Holdings Co., Ltd. | 41,445 | 434,329 | ||||||
EDION Corp.(a) | 42,639 | 478,097 | ||||||
Geo Holdings Corp.(a) | 6,300 | 67,732 | ||||||
Honeys Holdings Co., Ltd. | 12,700 | 124,356 | ||||||
Joshin Denki Co., Ltd.(a) | 3,000 | 85,792 | ||||||
Joyful Honda Co., Ltd. | 26,100 | 338,946 | ||||||
Keiyo Co., Ltd.(a) | 17,400 | 115,423 | ||||||
Kohnan Shoji Co., Ltd. | 8,300 | 239,235 | ||||||
Kojima Co., Ltd. | 17,600 | 112,449 | ||||||
Komeri Co., Ltd. | 9,937 | 277,427 | ||||||
Nafco Co., Ltd. | 6,500 | 125,823 | ||||||
Nojima Corp. | 8,800 | 223,942 | ||||||
PAL GROUP Holdings Co., Ltd. | 18,100 | 250,615 | ||||||
PC Depot Corp.(a) | 17,800 | 79,738 | ||||||
T-Gaia Corp. | 17,600 | 305,332 | ||||||
VT Holdings Co., Ltd. | 60,800 | 245,401 | ||||||
World Co., Ltd.* | 12,700 | 169,870 | ||||||
Xebio Holdings Co., Ltd. | 24,500 | 207,529 | ||||||
Yellow Hat Ltd. | 13,100 | 224,419 | ||||||
|
| |||||||
| Total Specialty Retail |
| 5,670,604 | ||||||
| Technology Hardware, Storage & Peripherals – 0.5% |
| |||||||
Eizo Corp. | 5,900 | 222,919 | ||||||
Elecom Co., Ltd.(a) | 16,400 | 364,510 | ||||||
MCJ Co., Ltd. | 32,100 | 279,749 | ||||||
Wacom Co., Ltd. | 22,611 | 152,036 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 1,019,214 | ||||||
| Textiles, Apparel & Luxury Goods – 1.5% |
| |||||||
Asics Corp. | 22,400 | 357,792 | ||||||
Baroque Japan Ltd.(a) | 22,500 | 160,249 | ||||||
Fujibo Holdings, Inc. | 4,200 | 152,036 | ||||||
Gunze Ltd. | 5,283 | 198,650 | ||||||
Japan Wool Textile Co., Ltd. (The) | 28,125 | 262,161 | ||||||
Kurabo Industries Ltd. | 7,476 | 129,764 | ||||||
Onward Holdings Co., Ltd.(a) | 160,433 | 452,987 | ||||||
Seiko Holdings Corp.(a) | 22,400 | 380,496 | ||||||
Seiren Co., Ltd. | 13,311 | 234,418 | ||||||
Wacoal Holdings Corp. | 12,800 | 284,380 | ||||||
Yondoshi Holdings, Inc.(a) | 10,400 | 181,177 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 2,794,110 | ||||||
| Thrifts & Mortgage Finance – 0.1% |
| |||||||
Aruhi Corp.(a) | 8,500 | 138,846 | ||||||
| Trading Companies & Distributors – 2.9% |
| |||||||
Advan Co., Ltd. | 4,400 | 40,496 | ||||||
Alconix Corp. | 9,400 | 140,702 | ||||||
Gecoss Corp. | 16,400 | $ | 142,925 | |||||
Hanwa Co., Ltd. | 7,622 | 234,178 | ||||||
Inaba Denki Sangyo Co., Ltd. | 13,888 | 335,323 | ||||||
Inabata & Co., Ltd. | 17,641 | 264,695 | ||||||
Kamei Corp. | 9,200 | 103,406 | ||||||
Kanamoto Co., Ltd. | 7,528 | 196,273 | ||||||
Kanematsu Corp. | 41,200 | 554,056 | ||||||
Nagase & Co., Ltd.(a) | 40,504 | 633,768 | ||||||
Nichiden Corp.(a) | 5,100 | 101,077 | ||||||
Nippon Steel Trading Corp. | 11,000 | 403,665 | ||||||
Nishio Rent All Co., Ltd. | 7,500 | 203,213 | ||||||
Onoken Co., Ltd. | 12,900 | 161,338 | ||||||
Sojitz Corp.(a) | 468,400 | 1,322,541 | ||||||
Trusco Nakayama Corp. | 5,900 | 156,871 | ||||||
Wakita & Co., Ltd. | 11,500 | 103,968 | ||||||
Yamazen Corp. | 15,206 | 143,390 | ||||||
Yuasa Trading Co., Ltd. | 8,800 | 248,471 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 5,490,356 | ||||||
| Transportation Infrastructure – 0.5% |
| |||||||
Kamigumi Co., Ltd. | 21,200 | 402,320 | ||||||
Mitsubishi Logistics Corp.(a) | 11,700 | 358,412 | ||||||
Nissin Corp. | 7,800 | 102,635 | ||||||
|
| |||||||
| Total Transportation Infrastructure |
| 863,367 | ||||||
| Wireless Telecommunication Services – 0.2% |
| |||||||
Okinawa Cellular Telephone Co. | 10,200 | 468,923 | ||||||
| TOTAL COMMON STOCKS (Cost: $199,880,795) |
| 187,220,541 | ||||||
| EXCHANGE-TRADED FUND – 0.3% |
| |||||||
| United States – 0.3% |
| |||||||
| WisdomTree Japan Hedged Equity Fund(a)(b) (Cost: $548,183) | 9,338 | 572,793 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.6% |
| |||||||
| United States – 8.6% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) | ||||||||
| (Cost: $16,288,384) | 16,288,384 | 16,288,384 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 107.3% (Cost: $216,717,362) |
| 204,081,718 | ||||||
Other Assets less Liabilities – (7.3)% |
| (13,941,138 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 190,140,580 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $33,395,395 and the total market value of the collateral held by the Fund was $35,499,562. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $19,211,178. |
| (b) | Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2021. |
See Notes to Financial Statements.
| WisdomTree Trust | 75 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2021
| 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 March 31, 2021 were as follows:
| Affiliate | Value at 3/31/2020 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2021 | Dividend Income | |||||||||||||||||||||
WisdomTree Japan Hedged Equity Fund | $ | 2,315,089 | $ | 4,683,920 | $ | 6,381,633 | $ | (254,200 | ) | $ | 209,617 | $ | 572,793 | $ | 55,089 | |||||||||||||
| FAIR VALUATION SUMMARY | ||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 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 |
| |||||||||||||||
Construction & Engineering | $ | 12,387,895 | $ | 154,295 | $ | — | $ | 12,542,190 | ||||||||
Pharmaceuticals | 3,461,821 | 697,283 | — | 4,159,104 | ||||||||||||
Other | 170,519,247 | — | — | 170,519,247 | ||||||||||||
Exchange-Traded Fund | 572,793 | — | — | 572,793 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 16,288,384 | — | 16,288,384 | ||||||||||||
Total Investments in Securities | $ | 186,941,756 | $ | 17,139,962 | $ | — | $ | 204,081,718 | ||||||||
See Notes to Financial Statements.
| 76 | WisdomTree Trust |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Trust
March 31, 2021
| WisdomTree Europe Quality Dividend Growth Fund | WisdomTree Europe SmallCap Dividend Fund | WisdomTree International Dividend ex-Financials Fund | WisdomTree International Equity Fund | WisdomTree International High Dividend Fund | ||||||||||||||||
ASSETS: |
| |||||||||||||||||||
Investments, at cost | $ | 40,643,170 | $ | 260,997,567 | $ | 148,336,403 | $ | 533,055,428 | $ | 185,762,476 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | 594,938 | 199,960 | 683,512 | 544,516 | |||||||||||||||
Foreign currency, at cost | 6,386 | 128,333 | 99,721 | 240,105 | 99,347 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 46,951,834 | 314,290,101 | 157,921,032 | 637,979,913 | 200,447,330 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | 629,963 | 249,429 | 676,441 | 548,318 | |||||||||||||||
Cash | 49,078 | 150,460 | 25,647 | 128,443 | 31,889 | |||||||||||||||
Deposits at broker | — | 96 | — | — | — | |||||||||||||||
Foreign currency, at value | 6,391 | 128,387 | 99,680 | 240,077 | 99,223 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | — | — | — | 98 | 22 | |||||||||||||||
Receivables: |
| |||||||||||||||||||
Dividends | 206,460 | 895,279 | 806,861 | 2,915,291 | 1,157,016 | |||||||||||||||
Securities lending income | 238 | 20,089 | 3,975 | 16,338 | 7,037 | |||||||||||||||
Foreign tax reclaims | 141,941 | 1,042,337 | 250,910 | 2,056,885 | 528,759 | |||||||||||||||
Total Assets | 47,355,942 | 317,156,712 | 159,357,534 | 644,013,486 | 202,819,594 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Unrealized depreciation on foreign currency contracts | — | 627 | 92 | 377 | 178 | |||||||||||||||
Payables: |
| |||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 476,829 | 6,775,008 | 14,936,369 | 41,141,257 | 20,043,588 | |||||||||||||||
Advisory fees (Note 3) | 22,807 | 152,863 | 72,381 | 244,850 | 90,112 | |||||||||||||||
Service fees (Note 2) | 174 | 1,150 | 538 | 2,244 | 684 | |||||||||||||||
Total Liabilities | 499,810 | 6,929,648 | 15,009,380 | 41,388,728 | 20,134,562 | |||||||||||||||
NET ASSETS | $ | 46,856,132 | $ | 310,227,064 | $ | 144,348,154 | $ | 602,624,758 | $ | 182,685,032 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 47,839,333 | $ | 563,058,324 | $ | 182,807,727 | $ | 660,742,459 | $ | 248,750,374 | ||||||||||
Total distributable earnings (loss) | (983,201 | ) | (252,831,260 | ) | (38,459,573 | ) | (58,117,701 | ) | (66,065,342 | ) | ||||||||||
NET ASSETS | $ | 46,856,132 | $ | 310,227,064 | $ | 144,348,154 | $ | 602,624,758 | $ | 182,685,032 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 1,500,000 | 4,450,000 | 3,400,000 | 11,450,000 | 4,650,000 | |||||||||||||||
Net asset value per share | $ | 31.24 | $ | 69.71 | $ | 42.46 | $ | 52.63 | $ | 39.29 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 672,003 | $ | 11,357,587 | $ | 19,304,061 | $ | 62,259,958 | $ | 26,428,911 | ||||||||||
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 | 77 |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Trust
March 31, 2021
| WisdomTree International LargeCap Dividend Fund | WisdomTree International MidCap Dividend Fund | WisdomTree International Multifactor Fund | WisdomTree International Quality Dividend Growth Fund | WisdomTree International SmallCap Dividend Fund | ||||||||||||||||
ASSETS: |
| |||||||||||||||||||
Investments, at cost | $ | 313,427,231 | $ | 140,953,780 | $ | 34,156,688 | $ | 164,370,404 | $ | 1,231,412,183 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | — | — | — | 2,929,066 | |||||||||||||||
Foreign currency, at cost | 153,254 | 40,361 | 27,927 | 92,816 | 3,523,772 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 372,033,221 | 155,359,967 | 37,896,903 | 193,070,336 | 1,443,528,042 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | — | — | — | 3,200,694 | |||||||||||||||
Cash | 161,597 | 121,230 | 2,365 | 362,970 | 88,019 | |||||||||||||||
Foreign currency, at value | 153,159 | 40,358 | 27,970 | 92,733 | 3,523,865 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | — | — | 347,472 | — | 2,461 | |||||||||||||||
Receivables: |
| |||||||||||||||||||
Dividends | 1,681,721 | 571,287 | 190,619 | 1,390,355 | 8,287,412 | |||||||||||||||
Securities lending income | 6,414 | 7,861 | 36 | 2,525 | 125,198 | |||||||||||||||
Foreign tax reclaims | 1,130,718 | 157,621 | 50,698 | 197,283 | 1,874,019 | |||||||||||||||
Total Assets | 375,166,830 | 156,258,324 | 38,516,063 | 195,116,202 | 1,460,629,710 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Unrealized depreciation on foreign currency contracts | — | — | 595 | — | 686 | |||||||||||||||
Payables: |
| |||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 22,304,365 | 11,782,640 | 364,891 | 4,742,777 | 54,671,058 | |||||||||||||||
Investment securities purchased | — | — | — | — | 1,743,356 | |||||||||||||||
Advisory fees (Note 3) | 144,185 | 70,686 | 12,121 | 65,540 | 691,016 | |||||||||||||||
Service fees (Note 2) | 1,314 | 537 | 140 | 686 | 5,232 | |||||||||||||||
Total Liabilities | 22,449,864 | 11,853,863 | 377,747 | 4,809,003 | 57,111,348 | |||||||||||||||
NET ASSETS | $ | 352,716,966 | $ | 144,404,461 | $ | 38,138,316 | $ | 190,307,199 | $ | 1,403,518,362 | ||||||||||
NET ASSETS: |
| |||||||||||||||||||
Paid-in capital | $ | 401,958,961 | $ | 163,914,924 | $ | 38,315,086 | $ | 167,015,662 | $ | 1,396,016,978 | ||||||||||
Total distributable earnings (loss) | (49,241,995 | ) | (19,510,463 | ) | (176,770 | ) | 23,291,537 | 7,501,384 | ||||||||||||
NET ASSETS | $ | 352,716,966 | $ | 144,404,461 | $ | 38,138,316 | $ | 190,307,199 | $ | 1,403,518,362 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 7,450,000 | 2,150,000 | 1,500,000 | 5,150,000 | 19,450,000 | |||||||||||||||
Net asset value per share | $ | 47.34 | $ | 67.16 | $ | 25.43 | $ | 36.95 | $ | 72.16 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 36,031,077 | $ | 20,380,339 | $ | 580,467 | $ | 13,954,577 | $ | 117,076,664 | ||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||||||||||||||||||
See Notes to Financial Statements.
| 78 | WisdomTree Trust |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree Trust
March 31, 2021
| WisdomTree Japan SmallCap Dividend Fund | ||||
ASSETS: | ||||
Investments, at cost | $ | 216,169,179 | ||
Investment in affiliates, at cost (Note 3) | 548,183 | |||
Foreign currency, at cost | 87,227 | |||
Investments in securities, at value1,2 (Note 2) | 203,508,925 | |||
Investment in affiliates, at value (Note 3) | 572,793 | |||
Cash | 110,956 | |||
Foreign currency, at value | 87,227 | |||
Receivables: | ||||
Dividends | 2,233,844 | |||
Securities lending income | 8,120 | |||
Total Assets | 206,521,865 | |||
LIABILITIES: |
| |||
Payables: | ||||
Cash collateral received for securities loaned (Note 2) | 16,288,384 | |||
Advisory fees (Note 3) | 92,209 | |||
Service fees (Note 2) | 692 | |||
Total Liabilities | 16,381,285 | |||
NET ASSETS | $ | 190,140,580 | ||
NET ASSETS: | ||||
Paid-in capital | $ | 297,553,735 | ||
Total distributable earnings (loss) | (107,413,155 | ) | ||
NET ASSETS | $ | 190,140,580 | ||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 2,500,000 | |||
Net asset value per share | $ | 76.06 | ||
1 Includes market value of securities out on loan of: | $ | 33,395,395 | ||
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 | 79 |
Table of Contents
WisdomTree Trust
For the Year Ended March 31, 2021
| WisdomTree Europe Quality Dividend Growth Fund | WisdomTree Europe SmallCap Dividend Fund | WisdomTree International Dividend ex-Financials Fund | WisdomTree International Equity Fund | WisdomTree International High Dividend Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 948,295 | $ | 8,523,422 | $ | 5,892,565 | $ | 19,852,068 | $ | 8,040,291 | ||||||||||
Dividends from affiliates (Note 3) | — | 24,527 | 61,507 | 77,479 | 27,295 | |||||||||||||||
Non-cash dividends | 68,115 | 178,736 | 144,388 | 1,107,180 | 618,730 | |||||||||||||||
Securities lending income, net (Note 2) | 6,347 | 447,749 | 53,377 | 170,887 | 75,418 | |||||||||||||||
Total investment income | 1,022,757 | 9,174,434 | 6,151,837 | 21,207,614 | 8,761,734 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 200,680 | 1,790,426 | 724,440 | 2,817,407 | 1,013,536 | |||||||||||||||
Service fees (Note 2) | 1,522 | 13,583 | 5,495 | 25,827 | 7,689 | |||||||||||||||
Total expenses | 202,202 | 1,804,009 | 729,935 | 2,843,234 | 1,021,225 | |||||||||||||||
Expense waivers (Note 3) | — | (1,990 | ) | (2,832 | ) | (708 | ) | (564 | ) | |||||||||||
Net expenses | 202,202 | 1,802,019 | 727,103 | 2,842,526 | 1,020,661 | |||||||||||||||
Net investment income | 820,555 | 7,372,415 | 5,424,734 | 18,365,088 | 7,741,073 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | (424,510 | ) | (77,359,459 | ) | (19,049,828 | ) | (83,135,618 | ) | (42,121,740 | ) | ||||||||||
Investment transactions in affiliates (Note 3) | — | 261,539 | 231,554 | (81,320 | ) | (6,112 | ) | |||||||||||||
In-kind redemptions | 183,311 | 24,067,657 | 551,735 | 31,168,642 | 8,712,651 | |||||||||||||||
Futures contracts | (7,769 | ) | 30,267 | — | — | — | ||||||||||||||
Foreign currency contracts | (1,003 | ) | (12,891 | ) | (30,023 | ) | (57,635 | ) | (70,583 | ) | ||||||||||
Foreign currency related transactions | 10,415 | (47,579 | ) | 42,465 | 173,074 | 105,758 | ||||||||||||||
Net realized loss | (239,556 | ) | (53,060,466 | ) | (18,254,097 | ) | (51,932,857 | ) | (33,380,026 | ) | ||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | 10,907,672 | 213,626,101 | 54,074,739 | 218,565,296 | 82,652,813 | |||||||||||||||
Investment transactions in affiliates (Note 3) | — | (1,425 | ) | 114,336 | (61,069 | ) | (9,267 | ) | ||||||||||||
Foreign currency contracts | (27 | ) | (6,098 | ) | 24,649 | 5,066 | 3,342 | |||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 5,641 | 35,579 | (16,102 | ) | 48,956 | 9,537 | ||||||||||||||
Net increase in unrealized appreciation/depreciation | 10,913,286 | 213,654,157 | 54,197,622 | 218,558,249 | 82,656,425 | |||||||||||||||
Net realized and unrealized gain on investments | 10,673,730 | 160,593,691 | 35,943,525 | 166,625,392 | 49,276,399 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 11,494,285 | $ | 167,966,106 | $ | 41,368,259 | $ | 184,990,480 | $ | 57,017,472 | ||||||||||
1 Net of foreign withholding tax of: | $ | 90,545 | $ | 1,070,223 | $ | 471,264 | $ | 1,810,352 | $ | 695,722 | ||||||||||
See Notes to Financial Statements.
| 80 | WisdomTree Trust |
Table of Contents
Statements of Operations (continued)
WisdomTree Trust
For the Year Ended March 31, 2021
| WisdomTree International LargeCap Dividend Fund | WisdomTree International MidCap Dividend Fund | WisdomTree International Multifactor Fund | WisdomTree International Quality Dividend Growth Fund | WisdomTree International SmallCap Dividend Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 12,336,339 | $ | 4,788,898 | $ | 1,197,512 | $ | 4,349,136 | $ | 39,398,002 | ||||||||||
Dividends from affiliates (Note 3) | 25,226 | — | — | — | 93,560 | |||||||||||||||
Non-cash dividends | 726,624 | 272,256 | 12,541 | 10,918 | 203,540 | |||||||||||||||
Securities lending income, net (Note 2) | 65,474 | 80,806 | 42 | 23,874 | 1,388,587 | |||||||||||||||
Total investment income | 13,153,663 | 5,141,960 | 1,210,095 | 4,383,928 | 41,083,689 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 1,656,373 | 927,877 | 161,085 | 606,328 | 7,636,857 | |||||||||||||||
Service fees (Note 2) | 15,182 | 7,038 | 1,865 | 6,125 | 57,934 | |||||||||||||||
Total expenses | 1,671,555 | 934,915 | 162,950 | 612,453 | 7,694,791 | |||||||||||||||
Expense waivers (Note 3) | (592 | ) | — | — | (36,039 | ) | (9,080 | ) | ||||||||||||
Net expenses | 1,670,963 | 934,915 | 162,950 | 576,414 | 7,685,711 | |||||||||||||||
Net investment income | 11,482,700 | 4,207,045 | 1,047,145 | 3,807,514 | 33,397,978 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | (61,579,299 | ) | (12,469,723 | ) | 416,260 | (740,400 | ) | (90,060,047 | ) | |||||||||||
Investment transactions in affiliates (Note 3) | (92,002 | ) | — | — | — | 620,332 | ||||||||||||||
In-kind redemptions | 16,035,700 | 12,672,686 | 2,688,164 | 6,476,469 | 48,737,975 | |||||||||||||||
Futures contracts | — | — | — | — | 41,568 | |||||||||||||||
Foreign currency contracts | (173,471 | ) | 181,752 | (891,212 | ) | (124,194 | ) | (516,742 | ) | |||||||||||
Foreign currency related transactions | 233,172 | (137,993 | ) | 442 | 94,606 | 551,114 | ||||||||||||||
Net realized gain (loss) | (45,575,900 | ) | 246,722 | 2,213,654 | 5,706,481 | (40,625,800 | ) | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | 131,115,716 | 57,460,692 | 6,133,810 | 38,720,388 | 561,961,440 | |||||||||||||||
Investment transactions in affiliates (Note 3) | 208,469 | — | — | — | 197,124 | |||||||||||||||
Foreign currency contracts | 5,799 | 5,852 | (451,214 | ) | — | 25,662 | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 3,191 | 4,776 | 2,863 | (5,725 | ) | 63,646 | ||||||||||||||
Net increase in unrealized appreciation/depreciation | 131,333,175 | 57,471,320 | 5,685,459 | 38,714,663 | 562,247,872 | |||||||||||||||
Net realized and unrealized gain on investments | 85,757,275 | 57,718,042 | 7,899,113 | 44,421,144 | 521,622,072 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 97,239,975 | $ | 61,925,087 | $ | 8,946,258 | $ | 48,228,658 | $ | 555,020,050 | ||||||||||
1 Net of foreign withholding tax of: | $ | 1,069,808 | $ | 486,650 | $ | 95,220 | $ | 328,339 | $ | 3,908,786 | ||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 81 |
Table of Contents
Statements of Operations (concluded)
WisdomTree Trust
For the Year Ended March 31, 2021
| WisdomTree Japan SmallCap Dividend Fund | ||||
INVESTMENT INCOME: | ||||
Dividends1 | $ | 4,891,795 | ||
Dividends from affiliates (Note 3) | 55,089 | |||
Securities lending income, net (Note 2) | 127,638 | |||
Total investment income | 5,074,522 | |||
EXPENSES: |
| |||
Advisory fees (Note 3) | 1,274,660 | |||
Service fees (Note 2) | 9,668 | |||
Total expenses | 1,284,328 | |||
Expense waivers (Note 3) | (1,246 | ) | ||
Net expenses | 1,283,082 | |||
Net investment income | 3,791,440 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||
Net realized loss from: | ||||
Investment transactions | (388,175 | ) | ||
Investment transactions in affiliates (Note 3) | (254,200 | ) | ||
In-kind redemptions | (249,998 | ) | ||
Foreign currency contracts | (16,215 | ) | ||
Foreign currency related transactions | 67,876 | |||
Net realized loss | (840,712 | ) | ||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||
Investment transactions | 60,622,793 | |||
Investment transactions in affiliates (Note 3) | 209,617 | |||
Foreign currency contracts | 71 | |||
Translation of assets and liabilities denominated in foreign currencies | (15,147 | ) | ||
Net increase in unrealized appreciation/depreciation | 60,817,334 | |||
Net realized and unrealized gain on investments | 59,976,622 | |||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 63,768,062 | ||
1 Net of foreign withholding tax of: | $ | 543,842 | ||
See Notes to Financial Statements.
| 82 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Trust
WisdomTree Europe Quality Dividend Growth Fund | WisdomTree Europe SmallCap Dividend Fund | WisdomTree International Dividend ex-Financials Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended | For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 820,555 | $ | 956,402 | $ | 7,372,415 | $ | 23,060,360 | $ | 5,424,734 | $ | 6,599,393 | ||||||||||||
Net realized loss on investments, futures contracts, foreign currency contracts and foreign currency related transactions | (239,556 | ) | (2,752,980 | ) | (53,060,466 | ) | (82,704,031 | ) | (18,254,097 | ) | (4,304,920 | ) | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 10,913,286 | (3,331,459 | ) | 213,654,157 | (61,868,058 | ) | 54,197,622 | (30,528,758 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 11,494,285 | (5,128,037 | ) | 167,966,106 | (121,511,729 | ) | 41,368,259 | (28,234,285 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (828,773 | ) | (908,753 | ) | (7,149,556 | ) | (24,025,680 | ) | (5,359,954 | ) | (6,679,985 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 13,027,760 | 5,344,762 | — | — | 10,968,590 | — | ||||||||||||||||||
Cost of shares redeemed | (2,287,610 | ) | (15,199,143 | ) | (170,820,367 | ) | (201,633,798 | ) | (8,689,913 | ) | (38,213,511 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 10,740,150 | (9,854,381 | ) | (170,820,367 | ) | (201,633,798 | ) | 2,278,677 | (38,213,511 | ) | ||||||||||||||
Net Increase (Decrease) in Net Assets | 21,405,662 | (15,891,171 | ) | (10,003,817 | ) | (347,171,207 | ) | 38,286,982 | (73,127,781 | ) | ||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 25,450,470 | $ | 41,341,641 | $ | 320,230,881 | $ | 667,402,088 | $ | 106,061,172 | $ | 179,188,953 | ||||||||||||
End of year | $ | 46,856,132 | $ | 25,450,470 | $ | 310,227,064 | $ | 320,230,881 | $ | 144,348,154 | $ | 106,061,172 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 1,150,000 | 1,650,000 | 7,800,000 | 11,400,000 | 3,350,000 | 4,350,000 | ||||||||||||||||||
Shares created | 450,000 | 200,000 | — | — | 300,000 | — | ||||||||||||||||||
Shares redeemed | (100,000 | ) | (700,000 | ) | (3,350,000 | ) | (3,600,000 | ) | (250,000 | ) | (1,000,000 | ) | ||||||||||||
Shares outstanding, end of year | 1,500,000 | 1,150,000 | 4,450,000 | 7,800,000 | 3,400,000 | 3,350,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 83 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
| WisdomTree International Equity Fund | WisdomTree International High Dividend Fund | WisdomTree International LargeCap Dividend Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 18,365,088 | $ | 27,022,507 | $ | 7,741,073 | $ | 9,608,760 | $ | 11,482,700 | $ | 13,444,944 | ||||||||||||
Net realized loss on investments, foreign currency contracts and foreign currency related transactions | (51,932,857 | ) | (10,172,230 | ) | (33,380,026 | ) | (66,670 | ) | (45,575,900 | ) | (6,091,263 | ) | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 218,558,249 | (153,604,939 | ) | 82,656,425 | (55,862,036 | ) | 131,333,175 | (77,392,000 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 184,990,480 | (136,754,662 | ) | 57,017,472 | (46,319,946 | ) | 97,239,975 | (70,038,319 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (18,281,531 | ) | (28,034,655 | ) | (7,456,513 | ) | (9,965,602 | ) | (11,449,209 | ) | (13,724,833 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 4,792,891 | — | 7,623,205 | 21,726,099 | — | 21,874,879 | ||||||||||||||||||
Cost of shares redeemed | (149,786,802 | ) | (91,561,113 | ) | (48,734,895 | ) | (43,056,963 | ) | (60,695,563 | ) | — | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (144,993,911 | ) | (91,561,113 | ) | (41,111,690 | ) | (21,330,864 | ) | (60,695,563 | ) | 21,874,879 | |||||||||||||
Net Increase (Decrease) in Net Assets | 21,715,038 | (256,350,430 | ) | 8,449,269 | (77,616,412 | ) | 25,095,203 | (61,888,273 | ) | |||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 580,909,720 | $ | 837,260,150 | $ | 174,235,763 | $ | 251,852,175 | $ | 327,621,763 | $ | 389,510,036 | ||||||||||||
End of year | $ | 602,624,758 | $ | 580,909,720 | $ | 182,685,032 | $ | 174,235,763 | $ | 352,716,966 | $ | 327,621,763 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 14,650,000 | 16,550,000 | 5,900,000 | 6,250,000 | 8,900,000 | 8,400,000 | ||||||||||||||||||
Shares created | 100,000 | — | 200,000 | 800,000 | — | 500,000 | ||||||||||||||||||
Shares redeemed | (3,300,000 | ) | (1,900,000 | ) | (1,450,000 | ) | (1,150,000 | ) | (1,450,000 | ) | — | |||||||||||||
Shares outstanding, end of year | 11,450,000 | 14,650,000 | 4,650,000 | 5,900,000 | 7,450,000 | 8,900,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 84 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
| WisdomTree International MidCap Dividend Fund | WisdomTree International Multifactor Fund | WisdomTree International Quality Dividend Growth Fund | ||||||||||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 4,207,045 | $ | 8,498,277 | $ | 1,047,145 | $ | 808,578 | $ | 3,807,514 | $ | 2,283,124 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 246,722 | 60,242 | 2,213,654 | (2,885,410 | ) | 5,706,481 | (5,176,832 | ) | ||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 57,471,320 | (55,875,059 | ) | 5,685,459 | (2,329,070 | ) | 38,714,663 | (8,370,092 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 61,925,087 | (47,316,540 | ) | 8,946,258 | (4,405,902 | ) | 48,228,658 | (11,263,800 | ) | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (4,319,792 | ) | (8,835,126 | ) | (1,004,586 | ) | (754,345 | ) | (3,650,231 | ) | (2,162,870 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | — | 9,411,800 | 13,784,134 | 26,327,511 | 97,332,082 | 39,944,080 | ||||||||||||||||||
Cost of shares redeemed | (82,613,821 | ) | (62,770,774 | ) | (16,995,212 | ) | (7,537,669 | ) | (20,154,625 | ) | (29,507,185 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (82,613,821 | ) | (53,358,974 | ) | (3,211,078 | ) | 18,789,842 | 77,177,457 | 10,436,895 | |||||||||||||||
Net Increase (Decrease) in Net Assets | (25,008,526 | ) | (109,510,640 | ) | 4,730,594 | 13,629,595 | 121,755,884 | (2,989,775 | ) | |||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 169,412,987 | $ | 278,923,627 | $ | 33,407,722 | $ | 19,778,127 | $ | 68,551,315 | $ | 71,541,090 | ||||||||||||
End of year | $ | 144,404,461 | $ | 169,412,987 | $ | 38,138,316 | $ | 33,407,722 | $ | 190,307,199 | $ | 68,551,315 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 3,600,000 | 4,500,000 | 1,600,000 | 800,004 | 2,650,000 | 2,500,000 | ||||||||||||||||||
Shares created | — | 150,000 | 600,000 | 1,100,000 | 3,100,000 | 1,350,000 | ||||||||||||||||||
Shares redeemed | (1,450,000 | ) | (1,050,000 | ) | (700,000 | ) | (300,004 | ) | (600,000 | ) | (1,200,000 | ) | ||||||||||||
Shares outstanding, end of year | 2,150,000 | 3,600,000 | 1,500,000 | 1,600,000 | 5,150,000 | 2,650,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 85 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Trust
| WisdomTree International SmallCap Dividend Fund | WisdomTree Japan SmallCap Dividend Fund | |||||||||||||||
| For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||
Net investment income | $ | 33,397,978 | $ | 58,474,303 | $ | 3,791,440 | $ | 7,505,844 | ||||||||
Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | (40,625,800 | ) | 18,272,377 | (840,712 | ) | (27,067,264 | ) | |||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 562,247,872 | (434,761,469 | ) | 60,817,334 | (4,352,258 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | 555,020,050 | (358,014,789 | ) | 63,768,062 | (23,913,678 | ) | ||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||
Distributable earnings | (35,298,828 | ) | (61,380,468 | ) | (5,773,349 | ) | (11,877,835 | ) | ||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||
Net proceeds from sale of shares | — | 135,911,833 | 7,761,522 | 8,947,474 | ||||||||||||
Cost of shares redeemed | (277,642,196 | ) | (228,172,175 | ) | (113,118,986 | ) | (351,946,162 | ) | ||||||||
Net decrease in net assets resulting from capital share transactions | (277,642,196 | ) | (92,260,342 | ) | (105,357,464 | ) | (342,998,688 | ) | ||||||||
Net Increase (Decrease) in Net Assets | 242,079,026 | (511,655,599 | ) | (47,362,751 | ) | (378,790,201 | ) | |||||||||
NET ASSETS: |
| |||||||||||||||
Beginning of year | $ | 1,161,439,336 | $ | 1,673,094,935 | $ | 237,503,331 | $ | 616,293,532 | ||||||||
End of year | $ | 1,403,518,362 | $ | 1,161,439,336 | $ | 190,140,580 | $ | 237,503,331 | ||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||
Shares outstanding, beginning of year | 24,050,000 | 25,450,000 | 4,050,000 | 9,050,000 | ||||||||||||
Shares created | — | 2,100,000 | 100,000 | 150,000 | ||||||||||||
Shares redeemed | (4,600,000 | ) | (3,500,000 | ) | (1,650,000 | ) | (5,150,000 | ) | ||||||||
Shares outstanding, end of year | 19,450,000 | 24,050,000 | 2,500,000 | 4,050,000 | ||||||||||||
See Notes to Financial Statements.
| 86 | WisdomTree Trust |
Table of Contents
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Europe Quality Dividend Growth Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Period Ended March 31, 2019 | For the Period Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 22.13 | $ | 25.06 | $ | 26.24 | $ | 23.17 | $ | 22.32 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.66 | 0.62 | 0.61 | 0.53 | 0.48 | |||||||||||||||
Net realized and unrealized gain (loss) | 9.10 | (2.93 | ) | (1.05 | ) | 2.94 | 0.88 | |||||||||||||
Total from investment operations | 9.76 | (2.31 | ) | (0.44 | ) | 3.47 | 1.36 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.65 | ) | (0.62 | ) | (0.74 | ) | (0.40 | ) | (0.51 | ) | ||||||||||
Net asset value, end of year | $ | 31.24 | $ | 22.13 | $ | 25.06 | $ | 26.24 | $ | 23.17 | ||||||||||
TOTAL RETURN2 | 44.43 | % | (9.46 | )% | (1.62 | )% | 15.03 | % | 6.24 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 46,856 | $ | 25,450 | $ | 41,342 | $ | 72,163 | $ | 17,377 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 2.37 | % | 2.42 | % | 2.41 | % | 2.02 | % | 2.19 | % | ||||||||||
Portfolio turnover rate3 | 61 | % | 43 | % | 42 | % | 18 | % | 35 | % | ||||||||||
| WisdomTree Europe SmallCap Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 41.06 | $ | 58.54 | $ | 69.55 | $ | 59.16 | $ | 57.01 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.31 | 2.43 | 2.57 | 1.88 | 2.04 | |||||||||||||||
Net realized and unrealized gain (loss) | 28.62 | (17.41 | ) | (10.87 | ) | 10.39 | 2.32 | |||||||||||||
Total from investment operations | 29.93 | (14.98 | ) | (8.30 | ) | 12.27 | 4.36 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.28 | ) | (2.50 | ) | (2.71 | ) | (1.88 | ) | (2.21 | ) | ||||||||||
Net asset value, end of year | $ | 69.71 | $ | 41.06 | $ | 58.54 | $ | 69.55 | $ | 59.16 | ||||||||||
TOTAL RETURN2 | 73.76 | % | (26.54 | )% | (12.19 | )% | 20.94 | % | 7.97 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 310,227 | $ | 320,231 | $ | 667,402 | $ | 1,224,082 | $ | 774,999 | ||||||||||
Ratios to average net assets4 of: |
| |||||||||||||||||||
Expenses5 | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 2.39 | % | 4.15 | % | 4.06 | % | 2.76 | % | 3.68 | % | ||||||||||
Portfolio turnover rate3 | 92 | % | 50 | % | 52 | % | 33 | % | 45 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree Europe SmallCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Portfolio turnover rate 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. |
| 4 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 5 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
See Notes to Financial Statements.
| WisdomTree Trust | 87 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Dividend ex-Financials Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 31.66 | $ | 41.19 | $ | 43.18 | $ | 39.72 | $ | 38.41 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.64 | 1.69 | 1.74 | 1.58 | 1.48 | |||||||||||||||
Net realized and unrealized gain (loss) | 10.78 | (9.52 | ) | (1.98 | ) | 3.45 | 1.34 | |||||||||||||
Total from investment operations | 12.42 | (7.83 | ) | (0.24 | ) | 5.03 | 2.82 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.62 | ) | (1.70 | ) | (1.75 | ) | (1.57 | ) | (1.51 | ) | ||||||||||
Net asset value, end of year | $ | 42.46 | $ | 31.66 | $ | 41.19 | $ | 43.18 | $ | 39.72 | ||||||||||
TOTAL RETURN2 | 39.87 | % | (19.77 | )% | (0.49 | )% | 12.84 | % | 7.56 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 144,348 | $ | 106,061 | $ | 179,189 | $ | 198,646 | $ | 200,568 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses4 | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 4.34 | % | 4.17 | % | 4.17 | % | 3.73 | % | 3.86 | % | ||||||||||
Portfolio turnover rate5 | 61 | % | 45 | % | 41 | % | 35 | % | 30 | % | ||||||||||
| WisdomTree International Equity Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 39.65 | $ | 50.59 | $ | 54.63 | $ | 49.57 | $ | 45.90 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.47 | 1.69 | 1.86 | 1.70 | 1.59 | |||||||||||||||
Net realized and unrealized gain (loss) | 12.99 | (10.88 | ) | (3.98 | ) | 4.98 | 3.68 | |||||||||||||
Total from investment operations | 14.46 | (9.19 | ) | (2.12 | ) | 6.68 | 5.27 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.48 | ) | (1.75 | ) | (1.92 | ) | (1.62 | ) | (1.60 | ) | ||||||||||
Net asset value, end of year | $ | 52.63 | $ | 39.65 | $ | 50.59 | $ | 54.63 | $ | 49.57 | ||||||||||
TOTAL RETURN2 | 36.92 | % | (18.80 | )% | (3.89 | )% | 13.61 | % | 11.75 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 602,625 | $ | 580,910 | $ | 837,260 | $ | 914,993 | $ | 703,948 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses4 | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | ||||||||||
Net investment income | 3.13 | % | 3.36 | % | 3.59 | % | 3.15 | % | 3.41 | % | ||||||||||
Portfolio turnover rate5 | 47 | % | 23 | % | 15 | % | 19 | % | 14 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 5 | Portfolio turnover rate 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.
| 88 | WisdomTree Trust |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International High Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 29.53 | $ | 40.30 | $ | 43.25 | $ | 40.39 | $ | 37.59 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.54 | 1.65 | 1.78 | 1.66 | 1.63 | |||||||||||||||
Net realized and unrealized gain (loss) | 9.73 | (10.75 | ) | (2.89 | ) | 2.79 | 2.79 | |||||||||||||
Total from investment operations | 11.27 | (9.10 | ) | (1.11 | ) | 4.45 | 4.42 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.51 | ) | (1.67 | ) | (1.84 | ) | (1.59 | ) | (1.62 | ) | ||||||||||
Net asset value, end of year | $ | 39.29 | $ | 29.53 | $ | 40.30 | $ | 43.25 | $ | 40.39 | ||||||||||
TOTAL RETURN2 | 38.88 | % | (23.48 | )% | (2.53 | )% | 11.12 | % | 12.09 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 182,685 | $ | 174,236 | $ | 251,852 | $ | 335,180 | $ | 250,392 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses4 | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 4.43 | % | 4.18 | % | 4.32 | % | 3.83 | % | 4.28 | % | ||||||||||
Portfolio turnover rate5 | 57 | % | 34 | % | 24 | % | 26 | % | 29 | % | ||||||||||
| WisdomTree International LargeCap Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 36.81 | $ | 46.37 | $ | 49.48 | $ | 45.45 | $ | 42.14 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.42 | 1.56 | 1.81 | 1.62 | 1.54 | |||||||||||||||
Net realized and unrealized gain (loss) | 10.55 | (9.52 | ) | (3.09 | ) | 3.97 | 3.32 | |||||||||||||
Total from investment operations | 11.97 | (7.96 | ) | (1.28 | ) | 5.59 | 4.86 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.44 | ) | (1.60 | ) | (1.83 | ) | (1.56 | ) | (1.55 | ) | ||||||||||
Net asset value, end of year | $ | 47.34 | $ | 36.81 | $ | 46.37 | $ | 49.48 | $ | 45.45 | ||||||||||
TOTAL RETURN2 | 32.91 | % | (17.78 | )% | (2.55 | )% | 12.41 | % | 11.79 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 352,717 | $ | 327,622 | $ | 389,510 | $ | 442,860 | $ | 359,074 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses4 | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | ||||||||||
Net investment income | 3.33 | % | 3.38 | % | 3.83 | % | 3.30 | % | 3.59 | % | ||||||||||
Portfolio turnover rate5 | 38 | % | 14 | % | 14 | % | 16 | % | 15 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 5 | Portfolio turnover rate 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 | 89 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International MidCap Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 47.06 | $ | 61.98 | $ | 68.12 | $ | 59.88 | $ | 55.82 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.51 | 2.03 | 2.00 | 1.84 | 1.60 | |||||||||||||||
Net realized and unrealized gain (loss) | 20.12 | (14.87 | ) | (6.17 | ) | 8.17 | 4.03 | |||||||||||||
Total from investment operations | 21.63 | (12.84 | ) | (4.17 | ) | 10.01 | 5.63 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.53 | ) | (2.08 | ) | (1.97 | ) | (1.77 | ) | (1.57 | ) | ||||||||||
Net asset value, end of year | $ | 67.16 | $ | 47.06 | $ | 61.98 | $ | 68.12 | $ | 59.88 | ||||||||||
TOTAL RETURN2 | 46.54 | % | (21.43 | )% | (6.16 | )% | 16.87 | % | 10.34 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 144,404 | $ | 169,413 | $ | 278,924 | $ | 286,089 | $ | 179,626 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | %3,4 | 0.58 | %3,4 | 0.58 | %3,4 | ||||||||||
Net investment income | 2.63 | % | 3.30 | % | 3.12 | %3 | 2.76 | %3 | 2.87 | %3 | ||||||||||
Portfolio turnover rate5 | 62 | % | 33 | % | 28 | % | 23 | % | 31 | % | ||||||||||
| WisdomTree International Multifactor Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Period August 10, 2018* through March 31, 2019 | |||||||||
Net asset value, beginning of period | $ | 20.88 | $ | 24.72 | $ | 24.75 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.59 | 0.75 | 0.55 | |||||||||
Net realized and unrealized gain (loss) | 4.53 | (3.88 | ) | (0.27 | ) | |||||||
Total from investment operations | 5.12 | (3.13 | ) | 0.28 | ||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.57 | ) | (0.71 | ) | (0.31 | ) | ||||||
Net asset value, end of period | $ | 25.43 | $ | 20.88 | $ | 24.72 | ||||||
TOTAL RETURN2 | 24.70 | % | (13.08 | )% | 1.18 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 38,138 | $ | 33,408 | $ | 19,778 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses | 0.38 | % | 0.38 | %3,4 | 0.38 | %6 | ||||||
Net investment income | 2.47 | % | 3.04 | %3 | 3.61 | %6 | ||||||
Portfolio turnover rate5 | 123 | % | 132 | % | 114 | % | ||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 5 | Portfolio turnover rate 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 | Annualized. |
See Notes to Financial Statements.
| 90 | WisdomTree Trust |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Quality Dividend Growth Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Period Ended March 31, 2019 | For the Period Ended March 31, 2018 | For the Period April 7, 2016* through March 31, 2017 | |||||||||||||||
Net asset value, beginning of period | $ | 25.87 | $ | 28.62 | $ | 30.50 | $ | 26.14 | $ | 24.86 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.91 | 0.70 | 0.58 | 0.65 | 0.73 | |||||||||||||||
Net realized and unrealized gain (loss) | 10.98 | (2.77 | ) | (1.95 | ) | 4.12 | 1.02 | |||||||||||||
Total from investment operations | 11.89 | (2.07 | ) | (1.37 | ) | 4.77 | 1.75 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.81 | ) | (0.68 | ) | (0.51 | ) | (0.41 | ) | (0.47 | ) | ||||||||||
Net asset value, end of period | $ | 36.95 | $ | 25.87 | $ | 28.62 | $ | 30.50 | $ | 26.14 | ||||||||||
TOTAL RETURN2 | 46.22 | % | (7.43 | )% | (4.43 | )% | 18.33 | % | 7.12 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 190,307 | $ | 68,551 | $ | 71,541 | $ | 24,396 | $ | 9,149 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses, net of expense waivers | 0.41 | %7 | 0.38 | %8 | 0.38 | %8 | 0.38 | %8 | 0.38 | %3,8 | ||||||||||
Expenses, prior to expense waivers | 0.44 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||||
Net investment income | 2.73 | % | 2.38 | % | 2.05 | % | 2.18 | % | 2.97 | %3 | ||||||||||
Portfolio turnover rate4 | 66 | % | 51 | % | 55 | % | 39 | % | 38 | % | ||||||||||
| WisdomTree International SmallCap Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 48.29 | $ | 65.74 | $ | 75.80 | $ | 65.18 | $ | 58.98 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.55 | 2.36 | 2.19 | 2.07 | 1.97 | |||||||||||||||
Net realized and unrealized gain (loss) | 23.97 | (17.32 | ) | (10.01 | ) | 10.76 | 6.22 | |||||||||||||
Total from investment operations | 25.52 | (14.96 | ) | (7.82 | ) | 12.83 | 8.19 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.65 | ) | (2.49 | ) | (2.24 | ) | (2.21 | ) | (1.99 | ) | ||||||||||
Net asset value, end of year | $ | 72.16 | $ | 48.29 | $ | 65.74 | $ | 75.80 | $ | 65.18 | ||||||||||
TOTAL RETURN2 | 53.46 | % | (23.58 | )% | (10.41 | )% | 19.91 | % | 14.24 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,403,518 | $ | 1,161,439 | $ | 1,673,095 | $ | 1,940,467 | $ | 1,284,036 | ||||||||||
Ratios to average net assets5 of: | ||||||||||||||||||||
Expenses6 | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 2.54 | % | 3.63 | % | 3.15 | % | 2.83 | % | 3.27 | % | ||||||||||
Portfolio turnover rate4 | 74 | % | 50 | % | 35 | % | 28 | % | 38 | % | ||||||||||
| * | 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 fiscal 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 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 6 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 7 | The investment advisor had contractually agreed to limit the advisory fee to 0.38% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.42%. |
| 8 | Effective April 7, 2016, the investment advisor contractually agreed to limit the advisory fee to 0.38% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust. |
See Notes to Financial Statements.
| WisdomTree Trust | 91 |
Table of Contents
Financial Highlights (concluded)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Japan SmallCap Dividend Fund | For the Year Ended March 31, 2021 | For the Year Ended March 31, 2020 | For the Year Ended March 31, 2019 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||
Net asset value, beginning of year | $ | 58.64 | $ | 68.10 | $ | 80.93 | $ | 66.48 | $ | 55.30 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.17 | 1.14 | 1.00 | 1.47 | 1.11 | |||||||||||||||
Net realized and unrealized gain (loss) | 18.13 | (8.95 | ) | (12.61 | ) | 14.27 | 11.16 | |||||||||||||
Total from investment operations | 19.30 | (7.81 | ) | (11.61 | ) | 15.74 | 12.27 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.88 | ) | (1.65 | ) | (1.22 | ) | (1.29 | ) | (1.09 | ) | ||||||||||
Net asset value, end of year | $ | 76.06 | $ | 58.64 | $ | 68.10 | $ | 80.93 | $ | 66.48 | ||||||||||
TOTAL RETURN2 | 33.27 | % | (11.85 | )% | (14.38 | )% | 23.84 | % | 22.43 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 190,141 | $ | 237,503 | $ | 616,294 | $ | 1,100,591 | $ | 475,304 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses4 | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | % | ||||||||||
Net investment income | 1.73 | % | 1.67 | % | 1.35 | % | 1.94 | % | 1.84 | % | ||||||||||
Portfolio turnover rate5 | 43 | % | 38 | % | 42 | % | 18 | % | 33 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
| 4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
| 5 | Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
See Notes to Financial Statements.
| 92 | WisdomTree Trust |
Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 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 Europe Quality Dividend Growth Fund (“Europe Quality Dividend Growth Fund’’) | May 7, 2014 | |||
WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree International Dividend ex-Financials Fund (“International Dividend ex-Financials Fund’’) | June 16, 2006 | |||
WisdomTree International Equity Fund (“International Equity Fund’’) | June 16, 2006 | |||
WisdomTree International High Dividend Fund (“International High Dividend Fund’’) | June 16, 2006 | |||
WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree International Multifactor Fund (“International Multifactor Fund’’) | August 10, 2018 | |||
WisdomTree International Quality Dividend Growth Fund (“International Quality Dividend Growth Fund’’) | April 7, 2016 | |||
WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund’’) | June 16, 2006 | |||
Each Fund, except for the International Multifactor Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). The International Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. 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 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 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
| WisdomTree Trust | 93 |
Table of Contents
Notes to Financial Statements (continued)
notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade.
In certain instances, such as when reliable market valuations are not readily available, 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 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
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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 ended March 31, 2021, 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 and equity futures contracts during the year ended March 31, 2021 and open positions in such derivatives as of March 31, 2021 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements 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 March 31, 2021 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 March 31, 2021, if any, is reflected as a footnote within each Fund’s Schedule of Investments.
As of March 31, 2021, 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 | ||||||||
Europe SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | — | Unrealized depreciation on foreign currency contracts | $ | 627 | ||||||
International Dividend ex-Financials Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 92 | ||||||||
International Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 98 | Unrealized depreciation on foreign currency contracts | 377 | ||||||||
International High Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 22 | Unrealized depreciation on foreign currency contracts | 178 | ||||||||
International Multifactor Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 347,472 | Unrealized depreciation on foreign currency contracts | 595 | ||||||||
International SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 2,461 | Unrealized depreciation on foreign currency contracts | 686 | ||||||||
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For the fiscal year ended March 31, 2021, the effects of derivative instruments on each applicable 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 | ||||||
Europe Quality Dividend Growth Fund | ||||||||
Foreign exchange contracts | $ | (1,003 | ) | $ | (27 | ) | ||
Equity contracts | (7,769 | ) | — | |||||
Europe SmallCap Dividend Fund | ||||||||
Foreign exchange contracts | (12,891 | ) | (6,098 | ) | ||||
Equity contracts | 30,267 | — | ||||||
International Dividend ex-Financials Fund | ||||||||
Foreign exchange contracts | (30,023 | ) | 24,649 | |||||
International Equity Fund | ||||||||
Foreign exchange contracts | (57,635 | ) | 5,066 | |||||
International High Dividend Fund | ||||||||
Foreign exchange contracts | (70,583 | ) | 3,342 | |||||
International LargeCap Dividend Fund | ||||||||
Foreign exchange contracts | (173,471 | ) | 5,799 | |||||
International MidCap Dividend Fund | ||||||||
Foreign exchange contracts | 181,752 | 5,852 | ||||||
International Multifactor Fund | ||||||||
Foreign exchange contracts | (891,212 | ) | (451,214 | ) | ||||
International Quality Dividend Growth Fund | ||||||||
Foreign exchange contracts | (124,194 | ) | — | |||||
International SmallCap Dividend Fund | ||||||||
Foreign exchange contracts | (516,742 | ) | 25,662 | |||||
Equity contracts | 41,568 | — | ||||||
Japan SmallCap Dividend Fund | ||||||||
Foreign exchange contracts | (16,215 | ) | 71 | |||||
| 1 | Realized gains (losses) on derivatives are located on the Statements of Operations as follows: |
Foreign exchange contracts | Net realized gain (loss) from foreign currency contracts | |
Equity contracts | Net realized gain (loss) from futures contracts |
| 2 | Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows: |
Foreign exchange contracts | Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts |
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During the fiscal year ended March 31, 2021, 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) | |||||||||
Europe Quality Dividend Growth Fund | ||||||||||||
Equity contracts1 | $ | — | $ | — | $ | 28,203 | ||||||
Foreign exchange contracts | 9,276 | 6,248 | — | |||||||||
Europe SmallCap Dividend Fund | ||||||||||||
Equity contracts1 | — | — | 420,013 | |||||||||
Foreign exchange contracts | 161,046 | 543,824 | — | |||||||||
International Dividend ex-Financials Fund | ||||||||||||
Foreign exchange contracts | 195,174 | 121,624 | — | |||||||||
International Equity Fund | ||||||||||||
Foreign exchange contracts | 340,974 | 126,637 | — | |||||||||
International High Dividend Fund | ||||||||||||
Foreign exchange contracts | 95,322 | 11,134 | — | |||||||||
International LargeCap Dividend Fund | ||||||||||||
Foreign exchange contracts | 184,916 | 53,230 | — | |||||||||
International MidCap Dividend Fund | ||||||||||||
Foreign exchange contracts | 150,758 | 32,534 | — | |||||||||
International Multifactor Fund | ||||||||||||
Foreign exchange contracts | 4,424,744 | 23,129,305 | — | |||||||||
International Quality Dividend Growth Fund | ||||||||||||
Foreign exchange contracts | 57,646 | 6,777 | — | |||||||||
International SmallCap Dividend Fund | ||||||||||||
Equity contracts1 | — | — | 2,321,213 | |||||||||
Foreign exchange contracts | 1,973,809 | 696,643 | — | |||||||||
Japan SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | 2,408 | 47,258 | — | |||||||||
| 1 | The volume of derivative activity for the year is based on intra-month balances. |
Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable (with respect to foreign dividends) 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. 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
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Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.
Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.
Acquired fund fees and expenses (“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 International Multifactor 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 Funds, except for the International Multifactor Fund, utilized forward foreign currency contracts (“Forward Contracts”) primarily to facilitate foreign security settlements. The International Multifactor Fund utilized Forward Contracts primarily to offset applicable international currency exposure from certain positions in international equities. 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 Europe Quality Dividend Growth Fund, Europe SmallCap Dividend Fund and International SmallCap Dividend 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 annual portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells
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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 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 March 31, 2021, there were no open futures contracts in the Funds.
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 securities issued or guaranteed by the U.S. government or its agencies, 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 (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend income earned on the securities loaned is accounted for in the same manner as other dividend 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 if the value of the collateral received is insufficient to cover the market value of the securities loaned.
Master Netting Arrangements — Codification 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.
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Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g., foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.
The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.
For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2021, 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 | ||||||||||||||||||||||||||||
Europe Quality Dividend Growth Fund | ||||||||||||||||||||||||||||||||
Securities Lending | $ | 672,003 | $ | — | $ | (672,003 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Europe SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 11,357,587 | — | (11,357,587 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 627 | — | — | 627 | ||||||||||||||||||||||||
International Dividend ex-Financials Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 19,304,061 | — | (19,304,061 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 92 | — | — | 92 | ||||||||||||||||||||||||
International Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 62,259,958 | — | (62,259,958 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 98 | (46 | ) | — | 52 | 377 | (46 | ) | — | 331 | ||||||||||||||||||||||
International High Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 26,428,911 | — | (26,428,911 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 22 | (22 | ) | — | — | 178 | (22 | ) | — | 156 | ||||||||||||||||||||||
International LargeCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 36,031,077 | — | (36,031,077 | )1 | — | — | — | — | — | |||||||||||||||||||||||
International MidCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 20,380,339 | — | (20,380,339 | )1 | — | — | — | — | — | |||||||||||||||||||||||
International Multifactor Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 580,467 | — | (580,467 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 347,472 | (274 | ) | — | 347,198 | 595 | (274 | ) | — | 321 | ||||||||||||||||||||||
International Quality Dividend Growth Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 13,954,577 | — | (13,954,577 | )1 | — | — | — | — | — | |||||||||||||||||||||||
International SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 117,076,664 | — | (117,076,664 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 2,461 | (19 | ) | — | 2,442 | 686 | (19 | ) | — | 667 | ||||||||||||||||||||||
Japan SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 33,395,395 | — | (33,395,395 | )1 | — | — | — | — | — | |||||||||||||||||||||||
| 1 | The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. |
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Notes to Financial Statements (continued)
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). 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 to 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 is 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. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.
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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 | |||
Europe Quality Dividend Growth Fund | 0.58 | % | ||
Europe SmallCap Dividend Fund | 0.58 | % | ||
International Dividend ex-Financials Fund | 0.58 | % | ||
International Equity Fund | 0.48 | % | ||
International High Dividend Fund | 0.58 | % | ||
International LargeCap Dividend Fund | 0.48 | % | ||
International MidCap Dividend Fund | 0.58 | % | ||
International Multifactor Fund | 0.38 | % | ||
International Quality Dividend Growth Fund | 0.42 | %1 | ||
International SmallCap Dividend Fund | 0.58 | % | ||
Japan SmallCap Dividend Fund | 0.58 | % | ||
| 1 | Prior to the close of business on July 31, 2020, WTAM received an annual advisory fee of 0.48% (before fee waivers) based on the Fund’s average daily net assets and had contractually agreed to limit the advisory fee to 0.38% through July 31, 2020 (the advisory fee waiver expiration date). Effective the close of business on July 31, 2020, the contractual advisory fee waiver expired and the advisory fee annual rate (before fee waivers) was permanently reduced to 0.42%. |
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 year ended March 31, 2021, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of the advisory fees, that it would otherwise charge, in an amount equal to the indirect AFFE (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) attributable to each Fund’s investment in affiliated ETFs. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.
During the fiscal year ended March 31, 2021, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2021, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:
| Fund | Purchases | Sales | Net Realized Gain/Loss | |||||||||
Europe Quality Dividend Growth Fund | $ | 5,076,771 | $ | 6,546,971 | $ | 418,474 | ||||||
Europe SmallCap Dividend Fund | 5,597,375 | 24,752,722 | 2,404,398 | |||||||||
International Dividend ex-Financials Fund | 11,409,401 | 8,881,345 | 1,102,150 | |||||||||
International Equity Fund | 28,671,814 | 27,373,399 | 1,539,489 | |||||||||
International High Dividend Fund | 4,997,611 | 5,771,890 | (607,820 | ) | ||||||||
International LargeCap Dividend Fund | 18,766,669 | 4,619,210 | 178,270 | |||||||||
International MidCap Dividend Fund | 17,658,610 | 18,220,179 | 2,838,102 | |||||||||
International Quality Dividend Growth Fund | 12,006,094 | 12,943,660 | 369,358 | |||||||||
International SmallCap Dividend Fund | 43,727,493 | 50,919,362 | 4,481,153 | |||||||||
Japan SmallCap Dividend Fund | 17,406,455 | 7,005,377 | 367,264 | |||||||||
WTAM and/or WisdomTree Investments (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2021, WT 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 WT | Market Value of Fund Shares held by WT | Dividends and Distributions paid to WT on Fund Shares held by WT | |||||||||
Europe Quality Dividend Growth Fund | 104 | $ | 3,252 | �� | $ | 12 | ||||||
International Equity Fund | 120 | 6,310 | 83 | |||||||||
International Multifactor Fund | 499 | 12,709 | 136 | |||||||||
International Quality Dividend Growth Fund | 286 | 10,605 | 107 | |||||||||
International SmallCap Dividend Fund | 261 | 18,852 | 385 | |||||||||
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Notes to Financial Statements (continued)
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2021, 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 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 ended March 31, 2021 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 | ||||||||||||
Europe Quality Dividend Growth Fund | $ | 20,731,676 | $ | 20,805,133 | $ | 12,986,064 | $ | 2,271,372 | ||||||||
Europe SmallCap Dividend Fund | 282,260,881 | 278,725,254 | — | 169,665,520 | ||||||||||||
International Dividend ex-Financials Fund | 75,159,102 | 75,059,531 | 10,556,216 | 8,625,804 | ||||||||||||
International Equity Fund | 272,052,311 | 280,471,245 | 4,542,167 | 141,699,248 | ||||||||||||
International High Dividend Fund | 98,026,068 | 98,251,394 | 7,257,989 | 48,089,300 | ||||||||||||
International LargeCap Dividend Fund | 128,673,052 | 130,643,725 | — | 58,909,288 | ||||||||||||
International MidCap Dividend Fund | 97,493,012 | 98,395,163 | — | 81,869,614 | ||||||||||||
International Multifactor Fund | 50,705,587 | 51,098,016 | 13,205,374 | 16,646,799 | ||||||||||||
International Quality Dividend Growth Fund | 96,502,184 | 90,764,740 | 89,787,481 | 19,966,044 | ||||||||||||
International SmallCap Dividend Fund | 959,988,860 | 961,547,878 | — | 274,581,399 | ||||||||||||
Japan SmallCap Dividend Fund | 91,195,230 | 92,274,441 | 7,926,539 | 112,788,264 | ||||||||||||
6. FEDERAL INCOME TAXES
At March 31, 2021, 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 Appreciation/ (Depreciation) | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net (Depreciation) | Total Net (Depreciation) | ||||||||||||||||||||||||||||
Europe Quality Dividend Growth Fund | $ | 40,663,531 | $ | 7,586,667 | $ | (1,298,364 | ) | $ | 6,288,303 | $ | — | $ | — | $ | — | $ | 6,288,303 | |||||||||||||||||||
Europe SmallCap Dividend Fund | 261,725,821 | 58,108,626 | (4,914,383 | ) | 53,194,243 | — | (627 | ) | (627 | ) | 53,193,616 | |||||||||||||||||||||||||
International Dividend ex-Financials Fund | 148,779,341 | 18,506,689 | (9,115,569 | ) | 9,391,120 | — | (60 | ) | (60 | ) | 9,391,060 | |||||||||||||||||||||||||
International Equity Fund | 535,598,121 | 122,607,717 | (19,549,484 | ) | 103,058,233 | 98 | (377 | ) | (279 | ) | 103,057,954 | |||||||||||||||||||||||||
International High Dividend Fund | 186,734,888 | 23,705,962 | (9,445,202 | ) | 14,260,760 | 22 | (178 | ) | (156 | ) | 14,260,604 | |||||||||||||||||||||||||
International LargeCap Dividend Fund | 314,565,282 | 70,410,591 | (12,942,652 | ) | 57,467,939 | — | — | — | 57,467,939 | |||||||||||||||||||||||||||
International MidCap Dividend Fund | 141,409,899 | 19,880,796 | (5,930,728 | ) | 13,950,068 | — | — | — | 13,950,068 | |||||||||||||||||||||||||||
International Multifactor Fund | 34,239,861 | 4,231,607 | (574,565 | ) | 3,657,042 | 11,501 | (5 | ) | 11,496 | 3,668,538 | ||||||||||||||||||||||||||
International Quality Dividend Growth Fund | 164,667,441 | 30,712,845 | (2,309,950 | ) | 28,402,895 | — | — | — | 28,402,895 | |||||||||||||||||||||||||||
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| Investments in Long Securities | Investments in Financial Derivatives1 | |||||||||||||||||||||||||||||||||||
| Fund | Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation/ (Depreciation) | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net (Depreciation) | Total Net (Depreciation) | ||||||||||||||||||||||||||||
International SmallCap Dividend Fund | $ | 1,236,514,349 | $ | 248,979,422 | $ | (38,765,035 | ) | $ | 210,214,387 | $ | — | $ | (686 | ) | $ | (686 | ) | $ | 210,213,701 | |||||||||||||||||
Japan SmallCap Dividend Fund | 216,761,531 | 14,080,928 | (26,760,741 | ) | (12,679,813 | ) | — | — | — | (12,679,813 | ) | |||||||||||||||||||||||||
| 1 | Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments. |
At March 31, 2021, the components of total distributable earnings (loss) on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income | Undistributed Capital and Other Losses | Net Unrealized (Depreciation) | Currency and Other Unrealized Appreciation/ (Depreciation) | Total Distributable | |||||||||||||||
Europe Quality Dividend Growth Fund | $ | 98,794 | $ | (7,373,268 | ) | $ | 6,288,303 | $ | 2,970 | $ | (983,201 | ) | ||||||||
Europe SmallCap Dividend Fund | 1,102,314 | (307,156,807 | ) | 53,193,616 | 29,617 | (252,831,260 | ) | |||||||||||||
International Dividend ex-Financials Fund | 554,612 | (48,408,131 | ) | 9,391,060 | 2,886 | (38,459,573 | ) | |||||||||||||
International Equity Fund | 2,436,770 | (163,666,673 | ) | 103,057,954 | 54,248 | (58,117,701 | ) | |||||||||||||
International High Dividend Fund | 871,300 | (81,211,061 | ) | 14,260,604 | 13,815 | (66,065,342 | ) | |||||||||||||
International LargeCap Dividend Fund | 1,247,553 | (107,977,801 | ) | 57,467,939 | 20,314 | (49,241,995 | ) | |||||||||||||
International MidCap Dividend Fund | 640,789 | (34,105,143 | ) | 13,950,068 | 3,823 | (19,510,463 | ) | |||||||||||||
International Multifactor Fund | 183,674 | (4,029,390 | ) | 3,668,538 | 408 | (176,770 | ) | |||||||||||||
International Quality Dividend Growth Fund | 528,084 | (5,626,708 | ) | 28,402,895 | (12,734 | ) | 23,291,537 | |||||||||||||
International SmallCap Dividend Fund | 8,124,461 | (210,857,879 | ) | 210,213,701 | 21,101 | 7,501,384 | ||||||||||||||
Japan SmallCap Dividend Fund | 2,093,231 | (96,817,070 | ) | (12,679,813 | ) | (9,503 | ) | (107,413,155 | ) | |||||||||||
The tax character of distributions paid during the fiscal years ended March 31, 2021 and March 31, 2020, was as follows:
Year Ended March 31, 2021 | Year Ended March 31, 2020 | |||||||
| Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Ordinary Income* | ||||||
Europe Quality Dividend Growth Fund | $ | 828,773 | $ | 908,753 | ||||
Europe SmallCap Dividend Fund | 7,149,556 | 24,025,680 | ||||||
International Dividend ex-Financials Fund | 5,359,954 | 6,679,985 | ||||||
International Equity Fund | 18,281,531 | 28,034,655 | ||||||
International High Dividend Fund | 7,456,513 | 9,965,602 | ||||||
International LargeCap Dividend Fund | 11,449,209 | 13,724,833 | ||||||
International MidCap Dividend Fund | 4,319,792 | 8,835,126 | ||||||
International Multifactor Fund | 1,004,586 | 754,345 | ||||||
International Quality Dividend Growth Fund | 3,650,231 | 2,162,870 | ||||||
International SmallCap Dividend Fund | 35,298,828 | 61,380,468 | ||||||
Japan SmallCap Dividend Fund | 5,773,349 | 11,877,835 | ||||||
| * | Includes short-term capital gains, if any. |
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Notes to Financial Statements (continued)
At March 31, 2021, 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. During the fiscal year ended March 31, 2021, the Funds did not utilize any available capital loss carryforward amounts given that there were no tax-basis capital gains.
| Fund | Short-Term | Long-Term | Capital Loss Available Total | |||||||||
Europe Quality Dividend Growth Fund | $ | 4,144,022 | $ | 3,229,246 | $ | 7,373,268 | ||||||
Europe SmallCap Dividend Fund | 113,281,805 | 193,875,002 | 307,156,807 | |||||||||
International Dividend ex-Financials Fund | 15,246,453 | 33,161,678 | 48,408,131 | |||||||||
International Equity Fund | 22,709,728 | 140,956,945 | 163,666,673 | |||||||||
International High Dividend Fund | 8,504,828 | 72,706,233 | 81,211,061 | |||||||||
International LargeCap Dividend Fund | 14,543,998 | 93,433,803 | 107,977,801 | |||||||||
International MidCap Dividend Fund | 8,214,530 | 25,890,613 | 34,105,143 | |||||||||
International Multifactor Fund | 3,357,690 | 671,700 | 4,029,390 | |||||||||
International Quality Dividend Growth Fund | 931,236 | 4,695,472 | 5,626,708 | |||||||||
International SmallCap Dividend Fund | 126,429,337 | 84,428,542 | 210,857,879 | |||||||||
Japan SmallCap Dividend Fund | 70,036,230 | 26,780,840 | 96,817,070 | |||||||||
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. At March 31, 2021, the Funds did not have any post-October capital losses or late year-ordinary losses to defer.
At March 31, 2021, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind.
| Fund | Total Distributable Earnings (Loss) | Paid-in Capital | ||||||
Europe Quality Dividend Growth Fund | $ | (179,395 | ) | $ | 179,395 | |||
Europe SmallCap Dividend Fund | (23,785,430 | ) | 23,785,430 | |||||
International Dividend ex-Financials Fund | (551,735 | ) | 551,735 | |||||
International Equity Fund | (30,544,232 | ) | 30,544,232 | |||||
International High Dividend Fund | (8,452,558 | ) | 8,452,558 | |||||
International LargeCap Dividend Fund | (15,283,946 | ) | 15,283,946 | |||||
International MidCap Dividend Fund | (12,312,389 | ) | 12,312,389 | |||||
International Multifactor Fund | (2,620,791 | ) | 2,620,791 | |||||
International Quality Dividend Growth Fund | (6,403,696 | ) | 6,403,696 | |||||
International SmallCap Dividend Fund | (48,304,958 | ) | 48,304,958 | |||||
Japan SmallCap Dividend Fund | 369,553 | (369,553 | ) | |||||
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 income is earned or capital gains and unrealized appreciation are recorded. The dollar amount of applicable foreign withholding taxes on foreign income is included net in the Statements of Operations in “Dividend Income,” the foreign capital gains tax applicable on the disposal of securities is included in the Statements of Operations in “Net realized gain (loss) from investment transactions” and the dollar amount of deferred foreign capital gains tax applicable on the unrealized appreciation on securities held is included in the Statements of Operations in “Net increase (decrease) in unrealized appreciation/depreciation from investment transactions”. The Funds file foreign withholding tax reclaims in certain jurisdictions to recover a portion of the amounts previously withheld. The Funds record a foreign tax reclaim receivable on the ex-dividend date if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims that have been recorded but not yet received are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”. As of and during the fiscal year or period ended March 31, 2021, 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
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Notes to Financial Statements (concluded)
Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2021, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions.
7. ADDITIONAL INFORMATION
The respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally for over a year, resulting in a global pandemic and major disruption to global markets and economies. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide took 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. In recent months, however, the rapid COVID-19 vaccination rollout in the United States and certain other developed countries, coupled with the passage of stimulus programs in the U.S. and abroad, have resulted in a reversal of many of these trends, including the re-opening of businesses, a reduction in quarantine requirements, increased consumer demand, and the resumption of certain in-person schooling, travel and events. Despite these positive trends, the prevalence of new COVID-19 variants, a failure to achieve herd immunity, or other unforeseen circumstances may result in the continued spread of the virus throughout unvaccinated populations or a resurgence in infections among vaccinated populations. As a result, it remains unclear if recent positive trends will continue in developed markets and whether such trends will spread world-wide to countries with limited access to vaccines that are still experiencing rising COVID-19 cases, hospitalizations and deaths.
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. It is also true that the speed at which global economies recover, or fail to recover, from the COVID-19 pandemic will affect certain sectors, industries, and issuers more dramatically than others, which in turn may adversely affect certain Fund investments.
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, including access to COVID-19 vaccinations and treatments. 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 fully 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.
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Report of Independent Registered Public Accounting Firm
To the Shareholders of WisdomTree Europe Quality Dividend Growth Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International Equity Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International Multifactor Fund, WisdomTree International Quality Dividend Growth Fund, WisdomTree International SmallCap Dividend Fund and WisdomTree Japan SmallCap Dividend 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 Europe Quality Dividend Growth Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International Equity Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International Multifactor Fund, WisdomTree International Quality Dividend Growth Fund, WisdomTree International SmallCap Dividend Fund and WisdomTree Japan SmallCap Dividend Fund (collectively referred to as the “Funds”), (eleven of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2021, 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 (eleven of the funds constituting WisdomTree Trust) at March 31, 2021, 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 Europe Quality Dividend Growth Fund WisdomTree Europe SmallCap Dividend Fund WisdomTree International Dividend ex-Financials Fund WisdomTree International Equity Fund WisdomTree International High Dividend Fund WisdomTree International LargeCap Dividend Fund WisdomTree International MidCap Dividend Fund WisdomTree International SmallCap Dividend Fund WisdomTree Japan SmallCap Dividend Fund | For the year ended March 31, 2021 | For each of the two years in the period ended March 31, 2021 | For each of the five years in the period ended March 31, 2021 | |||
WisdomTree International Multifactor Fund | For the year ended March 31, 2021 | For each of the two years in the period ended March 31, 2021 | For each of the two years in the period ended March 31, 2021 and the period from August 10, 2018 (commencement of operations) through March 31, 2019 | |||
WisdomTree International Quality Dividend Growth Fund | For the year ended March 31, 2021 | For each of the two years in the period ended March 31, 2021 | For each of the four years in the period ended March 31, 2021 and the period from April 7, 2016 (commencement of operations) through March 31, 2017 | |||
Basis for Opinion
These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2021, by correspondence with the custodian and brokers or by other appropriate auditing procedures where
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Report of Independent Registered Public Accounting Firm (concluded)
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
May 26, 2021
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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 interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor 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-ended 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 January 1, 2020 to December 31, 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 Funds maintain sufficient highly liquid assets to meet Fund redemptions.
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Trustees and Officers Information (unaudited)
Name | Position(s) the Trust, Term of Office and Length | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ | Other Directorships Held by Trustee During Past | ||||||
| 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. | 68 | 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). | 68 | None | ||||||
| Joel Goldberg**, *** (1945) | Trustee, 2012-present | Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016). | ||||||
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Trustees and Officers Information (unaudited) (concluded)
Name | Position(s) the Trust, Term of Office and Length | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ | Other Directorships Held by Trustee During Past | ||||||
| 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. | 68 | None | ||||||
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. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | 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. | 68 | None | ||||||
| + | As of March 31, 2021. |
| * | 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. |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year ended March 31, 2021, 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 2022.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2021, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income | |||
Europe Quality Dividend Growth Fund | $ | 828,773 | ||
Europe SmallCap Dividend Fund | 7,149,556 | |||
International Dividend ex-Financials Fund | 4,096,612 | |||
International Equity Fund | 16,440,377 | |||
International High Dividend Fund | 6,895,435 | |||
International LargeCap Dividend Fund | 10,778,467 | |||
International MidCap Dividend Fund | 3,449,541 | |||
International Multifactor Fund | 1,004,586 | |||
International Quality Dividend Growth Fund | 3,650,231 | |||
International SmallCap Dividend Fund | 32,055,664 | |||
Japan SmallCap Dividend Fund | 4,117,140 | |||
The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2021. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income | Foreign Taxes Paid | ||||||
Europe Quality Dividend Growth Fund | $ | 900,659 | $ | 58,333 | ||||
Europe SmallCap Dividend Fund | 7,513,906 | 421,823 | ||||||
International Dividend ex-Financials Fund | 5,782,435 | 235,188 | ||||||
International Equity Fund | 19,707,124 | 1,224,248 | ||||||
International High Dividend Fund | 8,236,162 | 453,198 | ||||||
International LargeCap Dividend Fund | 12,293,596 | 783,326 | ||||||
International MidCap Dividend Fund | 4,605,792 | 281,851 | ||||||
International Multifactor Fund | 1,143,478 | 94,116 | ||||||
International Quality Dividend Growth Fund | 4,109,593 | 269,092 | ||||||
International SmallCap Dividend Fund | 35,251,664 | 2,809,928 | ||||||
Japan SmallCap Dividend Fund | 4,174,050 | 418,048 | ||||||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2021, that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction | |||
Europe Quality Dividend Growth Fund | 0.11 | % | ||
Europe SmallCap Dividend Fund | 3.43 | % | ||
International Dividend ex-Financials Fund | — | |||
International Equity Fund | 0.06 | % | ||
International High Dividend Fund | 0.07 | % | ||
International LargeCap Dividend Fund | — | |||
International MidCap Dividend Fund | — | |||
International Multifactor Fund | — | |||
International Quality Dividend Growth Fund | 0.11 | % | ||
International SmallCap Dividend Fund | 1.30 | % | ||
Japan SmallCap Dividend Fund | — | |||
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
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.
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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing.
There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Indexes are unmanaged and you cannot invest directly in an index.
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.
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WisdomTree Trust
245 Park Avenue, 35th Floor
New York, NY 10167
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.
WTGM-4834
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| Item 2. | Code of Ethics. |
| (a) | The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. |
| (c) | There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. |
| (d) | The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. |
| (f) | The code of ethics is attached hereto as exhibit 13(a)(1). |
| Item 3. | Audit Committee Financial Expert. |
The registrant’s Board of Trustees has determined that the registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the registrant’s audit committee is David Chrencik, who is an independent trustee of the 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 $1,021,526 for 2021 and $1,056,224 for 2020. |
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 $209,740 for 2021 and $101,500 for 2020. Audit-Related Fees represent service fees for analysis of potential Passive Foreign Investment Companies. |
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Tax Fees
| (c) | The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were $343,555 for 2021 and $360,318 for 2020. |
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 2021 and $0 for 2020. |
| (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 $343,555 for 2021 and $360,318 for 2020. |
| (h) | Not applicable. |
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| 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)). |
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| (b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the 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. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (Registrant) | WisdomTree Trust | |
| By (Signature and Title) | /s/ Jonathan Steinberg | |
Jonathan L. Steinberg, President (principal executive officer) | ||
| Date: | June 4, 2021 | |
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: | June 4, 2021 | |
| By (Signature and Title) | /s/ David Castano | |
David Castano, Treasurer (principal financial officer) | ||
| Date: | June 4, 2021 | |