WisdomTree Trust
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21864

 

 

WisdomTree Trust

(Exact name of registrant as specified in charter)

 

 

245 Park Avenue, 35th Floor

New York, NY 10167

(Address of principal executive offices) (Zip code)

 

 

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and address of agent for service)

 

 

Registrant’s telephone number, including area code:(866) 909-9473

Date of fiscal year end: June 30

Date of reporting period: June 30, 2017

 

 

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

 


Table of Contents
Item 1. Reports to Stockholders.

The Report to Shareholders is attached herewith.


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

June 30, 2017

 

International Equity ETFs:

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

WisdomTree Emerging Markets Dividend Fund (DVEM)

WisdomTree Europe Domestic Economy Fund (EDOM)

(formerly, WisdomTree Europe Local Recovery Fund (EZR))

WisdomTree Global ex-Mexico Equity Fund (XMX)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

WisdomTree Global SmallCap Dividend Fund (GSD)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

U.S. Equity ETFs:

WisdomTree U.S. Domestic Economy Fund (WUSA)

(formerly, WisdomTree Strong Dollar U.S. Equity Fund (USSD))

WisdomTree U.S. Export and Multinational Fund (WEXP)

(formerly, WisdomTree Weak Dollar U.S. Equity Fund (USWD))

Fixed Income ETFs:

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)

Alternative ETFs:

WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)

WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)


Table of Contents

Table of Contents

 

 

Management’s Discussion of Funds’ Performance (unaudited)

       1  

Performance Summaries (unaudited)

       5  

Description of Indexes (unaudited)

       24  

Shareholder Expense Examples (unaudited)

       28  
Schedules of Investments     

WisdomTree Dynamic Currency Hedged Europe Equity Fund

       31  

WisdomTree Dynamic Currency Hedged International Equity Fund

       35  

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund

       46  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

       48  

WisdomTree Dynamic Currency Hedged Japan Equity Fund

       60  

WisdomTree Emerging Markets Dividend Fund

       65  

WisdomTree Europe Domestic Economy Fund

       73  

WisdomTree Global ex-Mexico Equity Fund

       76  

WisdomTree Global Hedged SmallCap Dividend Fund

       83  

WisdomTree Global SmallCap Dividend Fund

       87  

WisdomTree Strong Dollar Emerging Markets Equity Fund

       94  

WisdomTree U.S. Domestic Economy Fund

       97  

WisdomTree U.S. Export and Multinational Fund

       101  

WisdomTree Fundamental U.S. Corporate Bond Fund

       104  

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund

       106  

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund

       108  

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund

       110  

WisdomTree Dynamic Bearish U.S. Equity Fund

       112  

WisdomTree Dynamic Long/Short U.S. Equity Fund

       114  

Statements of Assets and Liabilities

       116  

Statements of Operations

       120  

Statements of Changes in Net Assets

       124  

Financial Highlights

       131  

Notes to Financial Statements

       141  

Report of Independent Registered Public Accounting Firm

       160  

Approval of Investment Advisory and Sub-Advisory Agreements (unaudited)

       161  

Trustees and Officers Information (unaudited)

       163  

Supplemental Information (unaudited)

       165  

General Information (unaudited)

       167  

 

“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited)

 

Market Environment Overview

The U.S. equity market, as measured by the S&P 500® Index, returned 17.90% for the 12-month fiscal period that ended June 30, 2017 (the “period”). The main drivers of returns over this period included positive market sentiment following political risk events, corporate profits buoyed in part by an energy sector recovery from low year-over-year comparisons, positive consumer and business survey data and finally market expectations of monetary policy normalization that was consistently more dovish than central bank projections. The first notable political risk event, the British European Union referendum, did not actually occur during the period but was a major factor in the July 2016 gains of 3.69% that were sustained through the summer months. The market sell-off in response to the late June “Brexit” vote was largely reversed as investors digested the ambiguous near-term impact of the result. In fall 2016, U.S. equity markets began showing signs of significant risk-off positioning ahead of the U.S. presidential election before rallying in response to President Donald Trump’s victory. The late 2016 rally was further assisted by an output cut agreement by the Organization of Petroleum Exporting Countries (OPEC) and some key non-OPEC countries. The first half of 2017 was characterized by its absence of significant market volatility in favor of generally steady gains, powered primarily by positive economic sentiment as shown by consumer and business survey data as well as corporate profit growth. Expectations for pro-growth fiscal stimulus softened substantially over the first six-months of 2017, dragging down the performance of small-caps and the U.S. dollar. Even though the Federal Reserve (the “Fed”) raised their target rate twice in 2017, the 10-Year Treasury yield actually ended the period lower than where it started, which also put pressure on the highest yielding stocks within U.S. markets.

The developed international equity markets, as measured by the MSCI EAFE Index, returned 22.10% in local currency terms and 20.27% in U.S. dollar terms for the period. Similar to U.S. equity markets, developed international equity markets began the period with a 4.75% Brexit sell-off recovery, in local currency terms, in July 2016. The developed international equity markets also benefited from two of the same inflection points as the U.S. equity markets by the way of the U.S. Presidential election and the OPEC production agreement. The performance of developed international equity markets was largely subdued in the early part of 2017 following the strong returns of late 2016. Positive corporate profit growth and economic growth in the first quarter in Japan and Europe resulted in modest equity market gains, but risk off sentiment pervaded with investors awaiting the outcome of a series of elections in Europe, and global central bank policy uncertainty tempered equity market returns. With market-friendly outcomes in elections in the Netherlands and France, coupled with the European Central Bank signaling commitment to continued accommodative monetary policy in the face of positive economic data, the market rallied during the latter half of this time-frame. For Japan specifically, commitment to targeting a zero-yield on the 10-year Japanese Government Bond was a significant tailwind for the Tokyo Stock Price Index which returned 7.4%, in local currency terms, in the first half of 2017.

Emerging markets, as measured by the MSCI Emerging Markets Index, returned 21.77% in local currency terms and 23.75% in U.S. dollar terms over the period. The primer for emerging market returns for the second half of 2016 was energy market stability from the lows of the first quarter, culminating with the December OPEC output agreement. Many emerging market countries have economies heavily reliant on the performance of the energy market, making the stabilization of oil prices a major tailwind for emerging markets as a whole. The main themes for the first half of 2017 were the performance in the Technology sector, particularly in South Korea, Taiwan and China, as well as outperformance in Indian equities. While the U.S. dollar staged a rally in the second half of 2016 with a rise in U.S. interest rates, this headwind was largely reversed in the first half of 2017 as emerging market currencies recovered.

U.S. short-term and long-term interest rates, as measured by the Federal Funds rate, the 2-Year Treasury Bill rate and the 10-Year U.S. Treasury Note rate, rose 0.75% to 0.85%

 

WisdomTree Trust Annual Report June 30, 2017      1  


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (continued)

 

 

over the period. Short-term rates were driven by the Fed raising rates three times in 0.25% increments as they viewed measures of financial conditions positing the economy’s ability to withstand monetary tightening. Longer-term interest rates rose nearly 1.00% in the aftermath of the election as market participants eschewed previous low-growth expectations prior to the election of President Trump. His election signaled looser fiscal policy that would result in higher borrowing costs and greater inflation. With subdued expectations for the administration’s ability to spur the type of pro-growth fiscal policy that had been heralded post-election, interest rate volatility picked up in the first six months of 2017. This volatility was exacerbated by hawkish sentiment out of several major central banks in developed international markets towards the end of the period. The 10-Year Treasury yield finished the first half of 2017 just 0.14% below where it started the year. During the period, investment grade and high-yield spreads, as measured by the BofA Merrill Lynch U.S. Corporate Master Option-Adjusted Spread and BofA Merrill Lynch U.S. High Yield Option-Adjusted Spread, both tightened 0.47% and 2.44%, respectively, to finish near multi-year lows. Credit spreads exhibited few bouts of extreme volatility in a steady grind tighter as equity markets rallied and energy markets stabilized.

WisdomTree Funds’ Performance Overview

The following table reflects the WisdomTree Funds’ performance (excluding those with less than six months of operating history) versus capitalization-weighted benchmark indexes:

 

Ticker   WisdomTree Fund   1-Year
NAV Return
  Performance Benchmark   1-Year
Return
       Difference

DDEZ

  WisdomTree Dynamic Currency Hedged Europe Equity Fund   28.55%   MSCI European Economic and Monetary Union (EMU) Local Currency Index     24.85%        3.70%
        MSCI European Economic and Monetary Union (EMU) Index     28.15%        0.40%

DDWM

  WisdomTree Dynamic Currency Hedged International Equity Fund   22.25%   MSCI EAFE Local Currency Index     22.10%        0.15%
        MSCI EAFE Index     20.27%        1.98%

DHDG

  WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund*   19.61%   MSCI EAFE Local Currency Index     16.35%        3.26%

DDLS

  WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund   29.80%   MSCI EAFE Small Cap Local Currency Index     25.93%        3.87%
        MSCI EAFE Small Cap Index     23.18%        6.62%

DDJP

  WisdomTree Dynamic Currency Hedged Japan Equity Fund   25.70%   MSCI Japan Local Currency Index     30.53%        -4.83%
        MSCI Japan Index     19.18%        6.52%

DVEM

  WisdomTree Emerging Markets Dividend Fund   19.46%   MSCI Emerging Markets Index     23.75%        -4.29%

EDOM

  WisdomTree Europe Domestic Economy Fund   36.05%   MSCI European Economic and Monetary Union (EMU) Index     28.15%        7.90%

HGSD

  WisdomTree Global Hedged SmallCap Dividend Fund   21.89%   MSCI AC World Small Cap Local Currency Index     21.08%        0.81%

GSD

  WisdomTree Global SmallCap Dividend Fund   20.56%   MSCI AC World Small Cap Index     20.47%        0.09%

EMSD

  WisdomTree Strong Dollar Emerging Markets Equity Fund   18.52%   MSCI Emerging Markets Index     23.75%        -5.23%

WUSA

  WisdomTree U.S. Domestic Economy Fund   12.34%   S&P 500 Index     17.90%        -5.56%

WEXP

  WisdomTree U.S. Export and Multinational Fund   22.55%   S&P 500 Index     17.90%        4.65%

WFIG

  WisdomTree Fundamental U.S. Corporate Bond Fund   1.52%   BofA Merrill Lynch U.S. Corporate Index     2.33%        -0.81%

WFHY

  WisdomTree Fundamental U.S. High Yield Corporate Bond Fund   10.23%   BofA Merrill Lynch U.S. High Yield Index     12.75%        -2.52%

 

2   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (continued)

 

Ticker   WisdomTree Fund   1-Year
NAV Return
  Performance Benchmark   1-Year
Return
       Difference

SFIG

  WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund   1.02%   BofA Merrill Lynch 1-5 Year U.S. Corporate Index     1.59%        -0.57%

SFHY

  WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund   8.19%   BofA Merrill Lynch 1-5 Year U.S. High Yield Constrained Index     12.55%        -4.36%

DYB

  WisdomTree Dynamic Bearish U.S. Equity Fund   5.93%   S&P 500 Index     17.90%        -11.97%
        S&P 500 Inverse Daily Index     -14.64%        20.57%

DYLS

  WisdomTree Dynamic Long/Short U.S. Equity Fund   15.25%   S&P 500 Index     17.90%        -2.65%
* Since the Fund had less than one year of operating history, the returns shown are cumulative returns since the inception date of the Fund.

Two strong relative performers versus their MSCI European Economic and Monetary Union (EMU) Index benchmarks were the WisdomTree Europe Domestic Economy Fund (EDOM) and the WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ) which outperformed their respective benchmarks by 7.90% and 3.70%, respectively, during the period. The outperformance of EDOM makes sense with its design to target companies most sensitive to economic growth in the eurozone, ultimately overweighting the Index in Financials, Industrials and Consumer Discretionary sectors that performed well in this timeframe of strengthening economic growth. DDEZ also enjoyed the gains of a strengthening eurozone economy, without the specific design to overweight to cyclicals, as it outperformed both the MSCI EMU Local Currency Index and the MSCI EMU Index.

Strategies with notable outperformance relative to their MSCI EAFE benchmarks include the WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) and the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM). Both funds exhibited outperformance relative to their local currency benchmarks, and even greater outperformance relative to unhedged benchmarks. Given the volatility of equity markets over the period, it makes sense that a dividend approach would outperform, particularly so in the case of the small-cap fund’s outperformance. DDWM and DDLS benefited from being over 50% hedged for most of this timeframe of significant currency volatility, with the most notable benefit from the hedge to the British pound following the Brexit vote.

The WisdomTree Emerging Markets Dividend Fund (DVEM) and the WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD) both underperformed their MSCI Emerging Markets Index benchmark. DVEM has underperformed due to its overweight to Energy and underweight Information Technology sectors relative to its benchmark, as well as due to its dividend-weighting approach, a value strategy, in a period where growth outperformed value. The underperformance of EMSD is largely attributed to its lack of exposure to Energy and Materials sectors which rallied in 2016. In the first half of 2017, EMSD has fared well relative to its benchmark due to its overweight to cyclicals, particularly to the Information Technology sector, as well as heavy country overweights to Taiwan, South Korea, and India, three of the best performing countries in emerging markets.

The WisdomTree U.S. Domestic Economy Fund (WUSA) and the WisdomTree U.S. Export and Multinational Fund (WEXP) saw a performance differential of over 10% during the period relative to the S&P 500 Index. Revenue from within and outside the United States is a main determinant of eligibility for both funds, and as a result, they can have very different sector compositions, which can be a driver of short term performance. For example, WUSA requires constituents to have over 80% of their revenue come from within the United States. As a result of this screen, the fund is significantly underweight the information technology sector, which tends to have a more global revenue base, compared to the performance benchmark the S&P 500 Index. This underweight was the primary driver of underperformance over the period for WUSA. On the other hand, WEXP which requires constituents to have over 40% of their revenue come from outside

 

WisdomTree Trust Annual Report June 30, 2017      3  


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (concluded)

 

the United States, was able to outperform the S&P 500 Index over the period. WEXP was slightly overweight the information technology sector relative to the S&P 500, but underweights to telecommunications, real estate and utilities (or sectors mostly with a domestic revenue base) added to relative performance.

The alternative products had a mixed performance during the period. The WisdomTree Dynamic Bearish U.S. Equity Fund (DYB) handily outperformed the S&P 500 Inverse Daily Index, but underperformed the S&P 500 Index. In a bullish equity market period, where the S&P 500 Index hit all-time highs, this was a challenging environment for the bearish DYB. For the WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS), this was also a challenging environment to beat its S&P 500 Index benchmark that was mostly up throughout the timeframe with strong outperformance for growth stocks. DYLS was hedged in November 2016, a period where U.S. equities markets rallied significantly following President Trump’s victory. Aside from that month, DYLS was mostly unhedged during the 12-month period.

For the fundamental fixed income funds, the WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY) and the WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY) both underperformed their respective Bank of America Merrill Lynch Indexes. This underperformance of 2.52% and 4.36%, respectively, was largely driven by a significant underweight to the Energy sector as a result of the fundamental screen. The methodologies of these funds both tilt towards higher quality bonds than their respective benchmarks. Oil prices largely stabilized over the 12-month period without a significant move in either direction which was ultimately conducive to a positive backdrop for energy credit. During a period where credit spreads in the high-yield space significantly tightened with minimal volatility, these funds would be expected to underperform.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 24 to 27 for the list of index descriptions.

Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.

 

4   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Financials

    24.5%  

Industrials

    13.8%  

Consumer Discretionary

    12.2%  

Consumer Staples

    10.1%  

Utilities

    10.0%  

Energy

    7.2%  

Materials

    6.7%  

Telecommunication Services

    5.5%  

Health Care

    4.7%  

Information Technology

    3.6%  

Real Estate

    1.6%  

Other Assets less Liabilities

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Anheuser-Busch InBev S.A.

    3.8%  

Daimler AG, Registered Shares

    2.6%  

TOTAL S.A.

    2.6%  

Allianz SE, Registered Shares

    2.4%  

Siemens AG, Registered Shares

    2.3%  

Banco Santander S.A.

    2.3%  

Eni SpA

    2.1%  

ING Groep N.V.

    2.0%  

Sanofi

    1.8%  

BASF SE

    1.8%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Dynamic Currency Hedged Europe Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Europe Equity Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 28.55% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in France contributed positively to performance while its position in Belgium contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset euro currency exposure from positions in European equities. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the Fund’s dynamic use of currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against the euro.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       28.55      17.02

Fund Market Price Returns

       27.67      18.29

WisdomTree Dynamic Currency Hedged Europe Equity Index

       28.65      17.10

MSCI European Economic and Monetary Union (EMU) Local Currency Index

       24.85      13.00

MSCI European Economic and Monetary Union (EMU) Index

       28.15      16.98
1

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      5  


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Financials

    22.6%  

Industrials

    12.8%  

Consumer Discretionary

    11.7%  

Consumer Staples

    9.9%  

Health Care

    8.7%  

Energy

    8.1%  

Telecommunication Services

    7.7%  

Materials

    6.0%  

Utilities

    5.8%  

Information Technology

    3.6%  

Real Estate

    2.9%  

Other Assets less Liabilities

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Royal Dutch Shell PLC, Class B

    1.6%  

HSBC Holdings PLC

    1.6%  

Nestle S.A., Registered Shares

    1.5%  

BP PLC

    1.5%  

Novartis AG, Registered Shares

    1.5%  

China Mobile Ltd.

    1.4%  

Royal Dutch Shell PLC, Class A

    1.3%  

Toyota Motor Corp.

    1.2%  

Anheuser-Busch InBev S.A.

    1.2%  

TOTAL S.A.

    1.1%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Dynamic Currency Hedged International Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Equity Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 22.25% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Japan contributed positively to performance while its position in Belgium contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable international currencies.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.35% and 0.40%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       22.25      15.92

Fund Market Price Returns

       21.58      16.46

WisdomTree Dynamic Currency Hedged International Equity Index

       22.29      15.94

MSCI EAFE Local Currency Index

       22.10      12.85

MSCI EAFE Index

       20.27      14.12
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

6   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)

 

Sector Breakdown as of 6/30/17

 

Sector   % of Net Assets  

Consumer Staples

    20.0%  

Consumer Discretionary

    19.7%  

Health Care

    19.5%  

Industrials

    16.7%  

Information Technology

    10.8%  

Materials

    4.8%  

Financials

    3.4%  

Real Estate

    3.2%  

Telecommunication Services

    1.0%  

Energy

    0.6%  

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

The sector information shown is that of the Underlying Fund. The Underlying Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets of the Underlying Fund includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Roche Holding AG, Genusschein

    6.1%  

Novo Nordisk A/S, Class B

    4.8%  

Unilever N.V., CVA

    4.3%  

British American Tobacco PLC

    3.8%  

LVMH Moet Hennessy Louis Vuitton SE

    2.9%  

Industria de Diseno Textil S.A.

    2.8%  

Diageo PLC

    2.7%  

Unilever PLC

    2.6%  

Airbus SE

    2.4%  

China Overseas Land & Investment Ltd.

    2.1%  
* The ten largest holdings shown is that of the Underlying Fund and are subject to change, and there are no guarantees the Underlying Fund will remain invested in any particular company. Excludes Underlying Fund’s derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index (the “Index”). The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index (including indirect investments through the WisdomTree International Quality Dividend Growth Fund (the ‘‘Underlying Fund’’)) whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole.

The Fund returned 19.61% at net asset value (“NAV”) from Fund inception date on November 3, 2016 through June 30, 2017 (for more complete performance information please see the table below). The Fund’s exposure to the Netherlands from its investment in the Underlying Fund contributed positively to performance while its exposure to Norway from its investment in the Underlying Fund contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities. During the fiscal year, the Fund’s use of forward foreign currency contracts detracted from performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable international currencies.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated October 28, 2016, the Fund’s net and gross annual expense ratios were 0.48% and 0.96%, respectively. The prospectus expense ratio includes 0.38% of acquired fund fees and expenses (‘‘AFFEs’’). The prospectus expense ratio may not correlate to the expense ratio in the Fund’s financial highlights and financial statements because the financial highlights and financial statements reflect only the operating expenses of the Fund and do not include AFFEs, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies. WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund, as well as an additional 0.10%, through October 31, 2017, unless earlier terminated by the Board of Trustees of WisdomTree Trust for any reason at any time.

Performance as of 6/30/17

 

        Cumulative Total Return  
        Since Inception1  

Fund NAV Returns

       19.61

Fund Market Price Returns

       19.53

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index

       19.26

MSCI EAFE Local Currency Index

       16.35
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on November 3, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      7  


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

Sector Breakdown as of 6/30/17

 

Sector   % of Net Assets  

Industrials

    23.2%  

Consumer Discretionary

    20.5%  

Financials

    13.3%  

Materials

    8.6%  

Information Technology

    7.5%  

Consumer Staples

    7.1%  

Real Estate

    7.1%  

Health Care

    4.6%  

Energy

    2.9%  

Utilities

    2.9%  

Telecommunication Services

    2.3%  

Other Assets less Liabilities

    0.0%

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

 

* Represents less than 0.1%.

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

TalkTalk Telecom Group PLC

    0.6%  

Air New Zealand Ltd.

    0.6%  

IOOF Holdings Ltd.

    0.4%  

Cofinimmo S.A.

    0.4%  

Hanwa Co., Ltd.

    0.4%  

Citycon Oyj

    0.4%  

Saras SpA

    0.4%  

Contact Energy Ltd.

    0.4%  

Okasan Securities Group, Inc.

    0.4%  

Platinum Asset Management Ltd.

    0.4%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index. The 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 29.80% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Japan contributed positively to performance while its position in Ireland contributed least positively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable international currencies.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       29.80      19.53

Fund Market Price Returns

       30.43      20.64

WisdomTree Dynamic Currency Hedged International SmallCap Equity Index

       30.38      20.05

MSCI EAFE Small Cap Local Currency Index

       25.93      14.80

MSCI EAFE Small Cap Index

       23.18      16.42
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

8   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

 

Sector Breakdown as of 6/30/17

 

Sector   % of Net Assets  

Consumer Discretionary

    21.5%  

Industrials

    18.8%  

Financials

    16.5%  

Information Technology

    10.1%  

Consumer Staples

    7.5%  

Telecommunication Services

    7.5%  

Health Care

    6.6%  

Materials

    6.1%  

Real Estate

    2.6%  

Utilities

    1.6%  

Energy

    0.8%  

Other Assets less Liabilities

    0.4%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Toyota Motor Corp.

    5.0%  

NTT DOCOMO, Inc.

    2.7%  

Mitsubishi UFJ Financial Group, Inc.

    2.5%  

Japan Tobacco, Inc.

    2.3%  

Nippon Telegraph & Telephone Corp.

    2.2%  

Nissan Motor Co., Ltd.

    2.0%  

Sumitomo Mitsui Financial Group, Inc.

    2.0%  

Canon, Inc.

    2.0%  

Japan Post Holdings Co., Ltd.

    1.9%  

KDDI Corp.

    1.9%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Dynamic Currency Hedged Japan Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Japan Equity Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 25.70% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Financials contributed positively to performance while its position in Telecommunication Services contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset Japanese yen currency exposure from positions in Japanese equities. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the Fund’s dynamic use of currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against the Japanese yen.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       25.70      10.31

Fund Market Price Returns

       24.82      10.64

WisdomTree Dynamic Currency Hedged Japan Equity Index

       27.01      11.18

MSCI Japan Local Currency Index

       30.53      7.84

MSCI Japan Index

       19.18      11.54
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      9  


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Dividend Fund (DVEM)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Financials

    22.0%  

Information Technology

    15.0%  

Telecommunication Services

    10.8%  

Energy

    10.8%  

Materials

    9.2%  

Consumer Staples

    8.0%  

Consumer Discretionary

    6.7%  

Industrials

    6.6%  

Utilities

    5.6%  

Real Estate

    3.5%  

Health Care

    0.9%  

Other Assets less Liabilities

    0.9%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

China Construction Bank Corp., Class H

    3.7%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.2%  

China Mobile Ltd.

    3.0%  

Samsung Electronics Co., Ltd.

    2.3%  

Hon Hai Precision Industry Co., Ltd.

    1.6%  

Lukoil PJSC, ADR

    1.5%  

Rosneft Oil Co. PJSC, GDR Reg S

    1.2%  

Industrial & Commercial Bank of China Ltd., Class H

    1.1%  

Gazprom PJSC, ADR

    1.1%  

Ambev S.A.

    1.0%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Emerging Markets Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 19.46% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Taiwan contributed positively to performance while its position in the Philippines contributed negatively to performance.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s annual expense ratio was 0.32%.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       19.46      20.18

Fund Market Price Returns

       19.76      21.09

WisdomTree Emerging Markets Dividend Index

       19.38      20.15

MSCI Emerging Markets Index

       23.75      22.79
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 7, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

10   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Domestic Economy Fund (EDOM)

(formerly, WisdomTree Europe Local Recovery Fund)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Financials

    30.4%  

Industrials

    27.4%  

Consumer Discretionary

    20.9%  

Information Technology

    6.7%  

Materials

    6.0%  

Energy

    5.2%  

Real Estate

    3.2%  

Other Assets less Liabilities

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

TOTAL S.A.

    1.7%  

Allianz SE, Registered Shares

    1.5%  

BNP Paribas S.A.

    1.4%  

ING Groep N.V.

    1.4%  

Siemens AG, Registered Shares

    1.3%  

Vinci S.A.

    1.0%  

Intesa Sanpaolo SpA

    1.0%  

Deutsche Post AG, Registered Shares

    0.9%  

AXA S.A.

    0.9%  

Societe Generale S.A.

    0.9%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Europe Domestic Economy Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Domestic Economy Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 36.05% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in France contributed most positively to performance while its position in Portugal contributed least positively to performance.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, as supplemented March 17, 2017, the Fund’s net and gross annual expense ratios were 0.48% and 0.58%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       36.05      10.02

Fund Market Price Returns

       36.09      10.40

WisdomTree Europe Domestic Economy Index2

       36.28      10.06

MSCI European Economic and Monetary Union (EMU) Index

       28.15      8.43
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on October 29, 2015.

2 

Prior to March 17, 2017, the WisdomTree Europe Domestic Economy Index was known as the WisdomTree Europe Local Recovery Index.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      11  


Table of Contents

Performance Summary (unaudited)

WisdomTree Global ex-Mexico Equity Fund (XMX)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Financials

    17.7%  

Information Technology

    16.3%  

Health Care

    12.2%  

Consumer Discretionary

    11.9%  

Industrials

    11.7%  

Consumer Staples

    9.5%  

Energy

    5.8%  

Materials

    4.9%  

Utilities

    3.3%  

Real Estate

    3.2%  

Telecommunication Services

    3.2%  

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Apple, Inc.

    1.9%  

Microsoft Corp.

    1.3%  

Alphabet, Inc., Class A

    1.0%  

Amazon.com, Inc.

    1.0%  

Facebook, Inc., Class A

    0.9%  

Johnson & Johnson

    0.8%  

Exxon Mobil Corp.

    0.8%  

JPMorgan Chase & Co.

    0.8%  

Berkshire Hathaway, Inc., Class B

    0.7%  

Samsung Electronics Co., 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 Global ex-Mexico Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-Mexico Equity Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.

 

12   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Industrials

    21.2%  

Consumer Discretionary

    16.0%  

Financials

    13.1%  

Real Estate

    12.8%  

Materials

    8.9%  

Information Technology

    7.5%  

Consumer Staples

    5.8%  

Energy

    5.0%  

Utilities

    4.9%  

Telecommunication Services

    2.4%  

Health Care

    2.0%  

Investment Company

    0.1%  

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

The sector information shown is that of the Underlying Fund. The Underlying Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets of the Underlying Fund includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

CoreCivic, Inc.

    1.8%  

GEO Group, Inc. (The)

    1.7%  

CVR Energy, Inc.

    1.6%  

Kronos Worldwide, Inc.

    1.2%  

Waddell & Reed Financial, Inc., Class A

    0.8%  

GATX Corp.

    0.7%  

RR Donnelley & Sons Co.

    0.7%  

Xenia Hotels & Resorts, Inc.

    0.7%  

Diebold Nixdorf, Inc.

    0.7%  

Time, Inc.

    0.7%  
* The ten largest holdings shown is that of the Underlying Fund and are subject to change, and there are no guarantees the Underlying Fund will remain invested in any particular company. Excludes Underlying Fund’s derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Global Hedged SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global Hedged SmallCap Dividend Index (the “Index”). The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index (including indirect investments through the WisdomTree Global SmallCap Dividend Fund (the ‘‘Underlying Fund’’)) whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole.

The Fund returned 21.89% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s exposure to the United States from its investment in the Underlying Fund contributed positively to performance while its exposure to Spain from its investment in the Underlying Fund contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities. The Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the overall appreciation in the U.S. dollar against applicable international currencies during the fiscal year.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.86%, respectively. The prospectus expense ratio includes 0.43% of acquired fund fees and expenses (‘‘AFFEs’’). The prospectus expense ratio may not correlate to the expense ratio in the Fund’s financial highlights and financial statements because the financial highlights and financial statements reflect only the operating expenses of the Fund and do not include AFFEs, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies. WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund through July 31, 2018, unless earlier terminated by the Board of Trustees of WisdomTree Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       21.89      15.94

Fund Market Price Returns

       20.57      15.65

WisdomTree Global Hedged SmallCap Dividend Index

       21.05      16.08

MSCI AC World Small Cap Local Currency Index

       21.08      11.98
1 Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on November 19, 2015.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      13  


Table of Contents

Performance Summary (unaudited)

WisdomTree Global SmallCap Dividend Fund (GSD)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Industrials

    21.2%  

Consumer Discretionary

    16.0%  

Financials

    13.1%  

Real Estate

    12.8%  

Materials

    8.9%  

Information Technology

    7.5%  

Consumer Staples

    5.8%  

Energy

    5.0%  

Utilities

    4.9%  

Telecommunication Services

    2.4%  

Health Care

    2.0%  

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. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

CoreCivic, Inc.

    1.8%  

GEO Group, Inc. (The)

    1.7%  

CVR Energy, Inc.

    1.6%  

Kronos Worldwide, Inc.

    1.2%  

Waddell & Reed Financial, Inc., Class A

    0.8%  

GATX Corp.

    0.7%  

RR Donnelley & Sons Co.

    0.7%  

Xenia Hotels & Resorts, Inc.

    0.7%  

Diebold Nixdorf, Inc.

    0.7%  

Time, 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 Global SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global SmallCap Dividend Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 20.56% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in the United States contributed positively to performance while its position in Spain contributed negatively to performance. During the fiscal year, the Fund utilized equity futures contracts on a temporary basis to obtain market exposure consistent with the Fund’s investment objective as part of the Fund’s annual portfolio rebalance. The Fund’s use of equity futures contracts detracted from performance during the fiscal year.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s annual expense ratio was 0.43%.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       20.56      17.98

Fund Market Price Returns

       20.59      18.09

WisdomTree Global SmallCap Dividend Index

       20.12      17.84

MSCI AC World Small Cap Index

       20.47      13.64
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on November 12, 2015.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

14   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Information Technology

    39.6%  

Consumer Discretionary

    23.3%  

Industrials

    17.6%  

Health Care

    13.4%  

Consumer Staples

    5.8%  

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Samsung Electronics Co., Ltd.

    6.5%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.9%  

Hon Hai Precision Industry Co., Ltd.

    2.1%  

Hyundai Motor Co.

    1.7%  

SK Hynix, Inc.

    1.6%  

Cub Elecparts, Inc.

    1.3%  

Sun Pharmaceutical Industries Ltd.

    1.3%  

IGG, Inc.

    1.2%  

Cadila Healthcare Ltd.

    1.2%  

Aurobindo Pharma Ltd.

    1.2%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Strong Dollar Emerging Markets Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Strong Dollar Emerging Markets Equity Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 18.52% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Taiwan contributed positively to performance while its position in Brazil contributed most negatively to performance.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, as supplemented June 28, 2017, the Fund’s annual expense ratio was 0.32% and 0.58%, respectively. Effective June 30, 2017, WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       18.52      8.77

Fund Market Price Returns

       16.56      8.18

WisdomTree Strong Dollar Emerging Markets Equity Index

       18.94      8.89

MSCI Emerging Markets Index

       23.75      13.72
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on October 29, 2015.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      15  


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Domestic Economy Fund (WUSA)

(formerly, WisdomTree Strong Dollar U.S. Equity Fund)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Financials

    24.3%  

Consumer Discretionary

    17.5%  

Consumer Staples

    13.7%  

Health Care

    11.7%  

Telecommunication Services

    9.1%  

Industrials

    7.8%  

Real Estate

    5.3%  

Utilities

    5.1%  

Information Technology

    2.7%  

Materials

    1.6%  

Energy

    1.1%  

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. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Altria Group, Inc.

    5.1%  

Verizon Communications, Inc.

    4.4%  

AT&T, Inc.

    4.0%  

Berkshire Hathaway, Inc., Class B

    3.8%  

Wells Fargo & Co.

    3.7%  

Bank of America Corp.

    3.3%  

Comcast Corp., Class A

    3.0%  

Home Depot, Inc. (The)

    2.8%  

UnitedHealth Group, Inc.

    2.7%  

Reynolds American, Inc.

    2.3%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree U.S. Domestic Economy Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Domestic Economy Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 12.34% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Financials contributed positively to performance while its position in Real Estate contributed negatively to performance. The Fund underperformance as compared to the S&P 500® Index can mainly be attributed to representative sampling.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, as supplemented March 13, 2017 and March 29, 2017, the Fund’s annual expense ratio was 0.33%.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       12.34      9.17

Fund Market Price Returns

       12.42      9.06

WisdomTree U.S. Domestic Economy Index2

       12.22      8.97

S&P 500® Index

       17.90      9.48
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015.

2 

Prior to March 17, 2017, the WisdomTree U.S. Domestic Economy Index was known as the WisdomTree Strong Dollar U.S. Equity Index.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

16   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Export and Multinational Fund (WEXP)

(formerly, WisdomTree Weak Dollar U.S. Equity Fund)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Information Technology

    25.0%  

Health Care

    17.0%  

Consumer Staples

    15.4%  

Industrials

    14.4%  

Financials

    9.2%  

Consumer Discretionary

    8.6%  

Materials

    6.8%  

Energy

    3.0%  

Real Estate

    0.3%  

Utilities

    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. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description      % of Net Assets  

Johnson & Johnson

       5.0

Citigroup, Inc.

       4.8

Philip Morris International, Inc.

       4.1

Procter & Gamble Co. (The)

       2.9

Exxon Mobil Corp.

       2.9

Apple, Inc.

       2.9

Alphabet, Inc., Class A

       2.7

General Electric Co.

       2.5

Microsoft Corp.

       2.3

Pfizer, 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 U.S. Export and Multinational Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Export and Multinational Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 22.55% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Information Technology contributed positively to performance while its position in Utilities contributed negatively to performance.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, as supplemented March 13, 2017 and May 8, 2017, the Fund’s annual expense ratio was 0.33%.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       22.55      10.41

Fund Market Price Returns

       22.74      10.34

WisdomTree U.S. Export and Multinational Index2

       22.23      10.09

S&P 500® Index

       17.90      9.48
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015.

2 

Prior to March 17, 2017, the WisdomTree U.S. Export and Multinational Index was known as the WisdomTree Weak Dollar U.S. Equity Index.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      17  


Table of Contents

Performance Summary (unaudited)

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Financials

    31.8%  

Health Care

    15.2%  

Consumer Discretionary

    11.7%  

Consumer Staples

    8.9%  

Industrials

    8.0%  

Information Technology

    6.6%  

Telecommunication Services

    5.8%  

Energy

    4.3%  

Utilities

    3.7%  

Materials

    1.8%  

Real Estate

    0.7%  

U.S. Government Obligations

    0.2%  

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Morgan Stanley,
4.88%, 11/1/22

    3.2%  

Time Warner, Inc.,
3.60%, 7/15/25

    3.1%  

Dow Chemical Co. (The),
4.13%, 11/15/21

    3.1%  

Verizon Communications, Inc.,
4.40%, 11/1/34

    3.1%  

Citigroup, Inc.,
5.50%, 9/13/25

    3.0%  

Pfizer, Inc.,
2.10%, 5/15/19

    2.5%  

Chevron Corp.,
2.36%, 12/5/22

    2.5%  

McKesson Corp.,
3.80%, 3/15/24

    2.4%  

Synchrony Financial,
2.70%, 2/3/20

    2.2%  

AT&T, Inc.,
4.50%, 3/9/48

    2.2%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Fundamental U.S. Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Corporate Bond Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 1.52% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund benefited from security allocations to the Insurance industry, while security allocations to Consumer Non-Cyclicals lagged. The Fund underperformance as compared to the Index can mainly be attributed to representative sampling.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.18% and 0.28%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       1.52      2.91

Fund Market Price Returns

       1.42      2.24

WisdomTree Fundamental U.S. Corporate Bond Index

       1.97      3.62

BofA Merrill Lynch U.S. Corporate Index

       2.33      4.13
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

18   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Consumer Discretionary

    20.2%  

Health Care

    16.0%  

Information Technology

    11.0%  

Industrials

    9.9%  

Financials

    8.8%  

Materials

    8.5%  

Consumer Staples

    8.2%  

Energy

    6.4%  

Utilities

    3.4%  

Telecommunication Services

    2.8%  

Real Estate

    2.5%  

Other Assets less Liabilities

    2.3%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

First Data Corp.,
7.00%, 12/1/23

    3.0%  

HCA, Inc.,
4.75%, 5/1/23

    3.0%  

Cablevision Systems Corp.,
7.75%, 4/15/18

    2.7%  

Western Digital Corp.,
10.50%, 4/1/24

    2.7%  

DaVita, Inc.,
5.75%, 8/15/22

    2.5%  

CCO Holdings LLC,
5.13%, 5/1/27

    2.5%  

Navient Corp.,
6.13%, 3/25/24

    2.4%  

Nielsen Finance LLC,
5.00%, 4/15/22

    2.4%  

ADT Corp. (The),
4.13%, 6/15/23

    2.4%  

Scientific Games International, Inc.,
10.00%, 12/1/22

    2.2%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. High Yield Corporate Bond Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 10.23% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund benefited from security allocations to the Wireless industry, while security allocations to the Cable & Satellite industry lagged. The Fund underperformance as compared to the Index can mainly be attributed to representative sampling.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.38% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       10.23      9.86

Fund Market Price Returns

       9.14      8.22

WisdomTree Fundamental U.S. High Yield Corporate Bond Index

       12.14      11.90

BofA Merrill Lynch U.S. High Yield Index

       12.75      12.86
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      19  


Table of Contents

Performance Summary (unaudited)

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Financials

    33.8%  

Health Care

    14.8%  

Consumer Staples

    12.1%  

Information Technology

    8.3%  

Consumer Discretionary

    6.9%  

Industrials

    6.8%  

Telecommunication Services

    6.1%  

Utilities

    5.2%  

Energy

    2.7%  

Materials

    2.0%  

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Lockheed Martin Corp.,
2.50%, 11/23/20

    3.1%  

NextEra Energy Capital Holdings, Inc.,
1.65%, 9/1/18

    3.0%  

Verizon Communications, Inc.,
4.50%, 9/15/20

    2.9%  

Stryker Corp.,
1.30%, 4/1/18

    2.9%  

Bank of America Corp.,
7.63%, 6/1/19

    2.5%  

CVS Health Corp.,
2.80%, 7/20/20

    2.4%  

Goldman Sachs Group, Inc. (The),
5.25%, 7/27/21

    2.4%  

McKesson Corp.,
2.28%, 3/15/19

    2.3%  

Bank of New York Mellon Corp. (The),
2.05%, 5/3/21

    2.3%  

Citigroup, Inc.,
1.75%, 5/1/18

    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 Fundamental U.S. Short-Term Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-Term Corporate Bond Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 1.02% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund benefited from industry allocations to Capital Goods, while industry allocations to Banking lagged. The Fund underperformance as compared to the Index can mainly be attributed to representative sampling.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.18% and 0.28%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       1.02      1.43

Fund Market Price Returns

       1.00      0.66

WisdomTree Fundamental U.S. Short-Term Corporate Bond Index

       1.54      2.08

BofA Merrill Lynch 1-5 year U.S. Corporate Index

       1.59      2.31
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

20   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)

 

Sector Breakdownas of 6/30/17

 

Sector   % of Net Assets  

Health Care

    20.6%  

Financials

    18.2%  

Consumer Discretionary

    16.9%  

Industrials

    11.2%  

Consumer Staples

    6.8%  

Telecommunication Services

    5.5%  

Utilities

    5.2%  

Materials

    5.0%  

Energy

    4.2%  

Other Assets less Liabilities

    6.4%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Navient Corp.,
8.00%, 3/25/20

    3.2%  

CNH Industrial Capital LLC,
3.38%, 7/15/19

    3.0%  

Nationstar Mortgage LLC,
6.50%, 8/1/18

    3.0%  

TransDigm, Inc.,
5.50%, 10/15/20

    2.9%  

Centene Corp.,
5.63%, 2/15/21

    2.9%  

HCA, Inc.,
8.00%, 10/1/18

    2.8%  

HRG Group, Inc.,
7.88%, 7/15/19

    2.8%  

GLP Capital L.P.,
4.38%, 11/1/18

    2.8%  

Michaels Stores, Inc.,
5.88%, 12/15/20

    2.4%  

MGM Resorts International,
6.75%, 10/1/20

    2.4%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 8.19% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund benefited from security allocations to the Media & Entertainment industry, while security allocations to the Metals & Mining industry lagged. The Fund underperformance as compared to the Index can mainly be attributed to representative sampling.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.38% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       8.19      8.48

Fund Market Price Returns

       7.29      6.75

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index

       10.00      11.25

BofA Merrill Lynch 1-5 year U.S. High Yield Constrained Index

       12.55      13.28
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      21  


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)

 

Sector Breakdownas of 6/30/17

 

Sector   % of Net Assets  

Information Technology

    24.8%  

Consumer Discretionary

    16.4%  

Health Care

    12.5%  

Industrials

    9.8%  

Real Estate

    8.8%  

Financials

    8.3%  

Consumer Staples

    8.0%  

Energy

    3.4%  

Utilities

    2.6%  

Telecommunication Services

    2.4%  

Materials

    2.1%  

Other Assets less Liabilities

    0.9%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Cirrus Logic, Inc.

    3.1%  

HealthSouth Corp.

    2.5%  

H&R Block, Inc.

    2.3%  

HCA Healthcare, Inc.

    2.3%  

Hershey Co. (The)

    2.3%  

Lockheed Martin Corp.

    2.1%  

Equity Residential

    2.1%  

Cracker Barrel Old Country Store, Inc.

    2.0%  

Murphy USA, Inc.

    2.0%  

Hanesbrands, Inc.

    1.9%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Dynamic Bearish U.S. Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Bearish U.S. Equity Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 5.93% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed negatively to performance. During the fiscal year, the Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. The Fund’s use of total return swap contracts detracted from performance as a result of the overall positive performance of the S&P 500 Index during the fiscal year which conversely generated net losses on the Fund’s total return swap contracts.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.48% and 0.53%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       5.93      3.90

Fund Market Price Returns

       5.98      3.87

WisdomTree Dynamic Bearish U.S. Equity Index

       5.37      3.68

S&P 500® Index

       17.90      13.51

S&P 500® Inverse Daily Index

       -14.64      -12.07
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on December 23, 2015.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

22   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)

 

Sector Breakdown† as of 6/30/17

 

Sector   % of Net Assets  

Information Technology

    24.9%  

Consumer Discretionary

    16.4%  

Health Care

    12.6%  

Industrials

    9.8%  

Real Estate

    8.8%  

Financials

    8.4%  

Consumer Staples

    8.1%  

Energy

    3.4%  

Utilities

    2.6%  

Telecommunication Services

    2.4%  

Materials

    2.1%  

Other Assets less Liabilities

    0.5%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 6/30/17

 

Description   % of Net Assets  

Cirrus Logic, Inc.

    3.1%  

HealthSouth Corp.

    2.5%  

H&R Block, Inc.

    2.3%  

Hershey Co. (The)

    2.2%  

HCA Healthcare, Inc.

    2.2%  

Equity Residential

    2.1%  

Lockheed Martin Corp.

    2.1%  

Cracker Barrel Old Country Store, Inc.

    2.0%  

Murphy USA, Inc.

    2.0%  

Hanesbrands, Inc.

    1.9%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Dynamic Long/Short U.S. Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Long/Short U.S. Equity Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 15.25% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed negatively to performance. During the fiscal year, the Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. The Fund’s use of total return swap contracts detracted from performance as a result of the overall positive performance of the S&P 500 Index during the fiscal year which conversely generated net losses on the Fund’s total return swap contracts.

The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2016, the Fund’s net and gross annual expense ratios were 0.48% and 0.53%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/17

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       15.25      14.67

Fund Market Price Returns

       15.51      14.70

WisdomTree Dynamic Long/Short U.S. Equity Index

       15.81      15.37

S&P 500® Index

       17.90      13.51
1 

Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on December 23, 2015.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Trust Annual Report June 30, 2017      23  


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this report:

The BofA Merrill Lynch U.S. Corporate Index tracks the performance of U.S. dollar denominated investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $250 million.

The BofA Merrill Lynch U.S. High Yield Index tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million.

The BofA Merrill Lynch 1-5 Year U.S. Corporate Index is a subset of the BofA Merrill Lynch U.S. Corporate Index including all securities with a remaining term to final maturity less than 5 years.

The BofA Merrill Lynch 1-5 Year U.S. High Yield Constrained Index tracks the performance of short-term U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch).

The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.

The MSCI AC World Small Cap Index is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of developed and emerging markets, specifically focusing on the small-cap segment of these equity markets.

The MSCI AC World Small Cap Local Currency Index is a free float-adjusted market capitalization-weighted index designed to measure the equity market performance of developed and emerging markets, specifically focusing on the small-cap segment of these equity markets, in local currency.

The MSCI EAFE Index is a market cap-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan.

The MSCI EAFE Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure developed market equity performance, excluding the U.S. and Canada which is calculated in local currency.

The MSCI EAFE Small Cap Index is comprised of small-capitalization stocks in the MSCI EAFE Index.

The MSCI EAFE Small Cap Local Currency Index is a free float-adjusted market capitalization equity index that is designed to measure the performance of small-cap stocks within the developed equity market, excluding the U.S. and Canada, in local currency.

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance.

The MSCI European Economic and Monetary Union (EMU) Index is a free float- adjusted market capitalization-weighted index that is designed to measure the equity market

performance of countries within the EMU.

The MSCI European Economic and Monetary Union (EMU) Local Currency Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of countries within the EMU and calculated in local currency.

The MSCI Japan Index is a capitalization weighted index that is comprised of stocks in Japan.

 

24   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Description of Indexes (unaudited) (continued)

 

The MSCI Japan Local Currency Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan and calculated in local currency.

The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by Standard & Poor’s Index Committee, designed to represent the performance of the leading industries in the United States economy.

The S&P 500® Inverse Daily Index provides inverse (positive or negative) returns of the S&P 500 Index by taking a short position in the index.

The WisdomTree Dynamic Bearish U.S. Equity Index includes long equity positions or long U.S. Treasury positions and short equity positions. The long equity positions consist of approximately 100 U.S. large- and mid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. The short equity positions include the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge.

The WisdomTree Dynamic Currency Hedged Europe Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies incorporated in developed Europe and is designed to remove from index performance the impact of the changes in the value of the Euro relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States, and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis. The Index is comprised of the top 300 companies from the WisdomTree International Equity Index with the best combined rank of growth and quality factors.

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Currency Hedged Japan Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in Japan and is designed to remove from index performance the impact of changes in the value of the Japanese Yen relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Long/Short U.S. Equity Index includes long equity positions and short equity positions. The long equity positions consist of approximately 100 U.S. large- and mid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. The short equity positions include the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge.

The WisdomTree Emerging Markets Dividend Index is a dividend weighted index that consists of emerging market dividend-paying common stocks.

The WisdomTree Europe Domestic Economy Index (formerly, WisdomTree Europe Local Recovery Index) is designed to provide exposure to European companies that are most sensitive to economic growth prospects in the Eurozone and that derive more than 50% of their revenue from Europe.

 

WisdomTree Trust Annual Report June 30, 2017      25  


Table of Contents

Description of Indexes (unaudited) (continued)

 

The WisdomTree Fundamental U.S. Corporate Bond Index is designed to capture the performance of selected issuers in the U.S. investment grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Fundamental U.S. High Yield Corporate Bond Index is designed to capture the performance of selected issuers in the U.S. non-investment-grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Fundamental U.S. Short-Term Corporate Bond Index is designed to capture the performance of selected issuers in the short-term U.S. investment grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index is designed to capture the performance of selected issuers in the short-term U.S. non-investment-grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Global ex-Mexico Equity Index is a float-adjusted market capitalization weighted index that measures the performance of 2000 largest companies in developed and emerging markets throughout the world, excluding Mexico.

The WisdomTree Global Hedged SmallCap Dividend Index is a fundamentally weighted index that measures the performance of 1000 largest small capitalization companies that rank within the bottom 5% of the WisdomTree Global Dividend Index by market capitalization and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar.

The WisdomTree Global SmallCap Dividend Index is a fundamentally weighted index that measures the performance of 1000 largest small capitalization companies that rank within the bottom 5% of the WisdomTree Global Dividend Index by market capitalization.

The WisdomTree Strong Dollar Emerging Markets Equity Index measures the performance of emerging market companies that derive more than 15% of their revenue from the United States.

The WisdomTree U.S. Domestic Economy Index (formerly, WisdomTree Strong Dollar U.S. Equity Index) measures the performance of U.S. based companies that derive more than 80% of their revenue from the United States.

The WisdomTree U.S. Export and Multinational Index (formerly, WisdomTree Weak Dollar U.S. Equity Index) measures the performance of U.S. based companies that derive less than 60% of their revenue from the United States.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making 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

 

26   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Description of Indexes (unaudited) (concluded)

 

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 Annual Report June 30, 2017      27  


Table of Contents

Shareholder Expense Examples (unaudited)

 

As a shareholder of a WisdomTree Fund, you incur two types of cost: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from January 1, 2017 to June 30, 2017.

Actual expenses

The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 1/1/17 to 6/30/17” to estimate the expenses you paid on your account during the period.

Hypothetical example for comparison purposes

The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 

28   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Shareholder Expense Examples (unaudited) (continued)

 

 

      Beginning
Account Value
1/1/17
     Ending
Account Value
6/30/17
     Annualized
Expense Ratio
Based on  the
Period‡
1/1/17 to
6/30/17
    Expenses Paid
During the
Period†
1/1/17  to
6/30/17
 

WisdomTree Dynamic Currency Hedged Europe Equity Fund

          

Actual

   $ 1,000.00      $ 1,123.10        0.43 %1    $ 2.26  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.66        0.43 %1    $ 2.16  

WisdomTree Dynamic Currency Hedged International Equity Fund

          

Actual

   $ 1,000.00      $ 1,090.20        0.35 %2    $ 1.81  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.06        0.35 %2    $ 1.76  

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund

          

Actual

   $ 1,000.00      $ 1,152.60        0.10 %3    $ 0.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.30        0.10 %3    $ 0.50  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

          

Actual

   $ 1,000.00      $ 1,123.90        0.43 %1    $ 2.26  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.66        0.43 %1    $ 2.16  

WisdomTree Dynamic Currency Hedged Japan Equity Fund

          

Actual

   $ 1,000.00      $ 1,059.30        0.43 %1    $ 2.20  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.66        0.43 %1    $ 2.16  

WisdomTree Emerging Markets Dividend Fund

          

Actual

   $ 1,000.00      $ 1,123.00        0.32   $ 1.68  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.21        0.32   $ 1.61  

WisdomTree Europe Domestic Economy Fund

          

Actual

   $ 1,000.00      $ 1,207.20        0.48 %4    $ 2.63  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.41        0.48 %4    $ 2.41  

WisdomTree Global ex-Mexico Equity Fund

          

Actual5

   $ 1,000.00      $ 1,067.90        0.30 %5    $ 1.20  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.31        0.30 %5    $ 1.51  

WisdomTree Global Hedged SmallCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,033.40        0.00 %6    $ 0.00  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.79        0.00 %6    $ 0.00  

WisdomTree Global SmallCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,055.20        0.43   $ 2.19  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.66        0.43   $ 2.16  

WisdomTree Strong Dollar Emerging Markets Equity Fund

          

Actual

   $ 1,000.00      $ 1,181.80        0.58 %7    $ 3.14  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.92        0.58 %7    $ 2.91  

WisdomTree U.S. Domestic Economy Fund

          

Actual

   $ 1,000.00      $ 1,050.80        0.33   $ 1.68  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.33   $ 1.66  

WisdomTree U.S. Export and Multinational Fund

          

Actual

   $ 1,000.00      $ 1,120.40        0.33   $ 1.73  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.33   $ 1.66  

WisdomTree Fundamental U.S. Corporate Bond Fund

          

Actual

   $ 1,000.00      $ 1,035.60        0.18 %8    $ 0.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.90        0.18 %8    $ 0.90  

 

WisdomTree Trust Annual Report June 30, 2017      29  


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

      Beginning
Account Value
1/1/17
     Ending
Account Value
6/30/17
     Annualized
Expense Ratio
Based on  the
Period‡
1/1/17 to
6/30/17
    Expenses Paid
During the
Period†
1/1/17  to
6/30/17
 

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund

          

Actual

   $ 1,000.00      $ 1,037.70        0.38 %9    $ 1.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.91        0.38 %9    $ 1.91  

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund

          

Actual

   $ 1,000.00      $ 1,014.10        0.18 %8    $ 0.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.90        0.18 %8    $ 0.90  

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund

          

Actual

   $ 1,000.00      $ 1,026.50        0.38 %9    $ 1.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.91        0.38 %9    $ 1.91  

WisdomTree Dynamic Bearish U.S. Equity Fund

          

Actual

   $ 1,000.00      $ 1,033.80        0.48 %4    $ 2.42  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.41        0.48 %4    $ 2.41  

WisdomTree Dynamic Long/Short U.S. Equity Fund

          

Actual

   $ 1,000.00      $ 1,103.90        0.48 %4    $ 2.50  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.41        0.48 %4    $ 2.41  
The annualized expense ratio does not include AFFEs, which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

 

Unless otherwise indicated in the footnotes below, expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 181/365 (to reflect the one-half year period).

 

1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

2 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

3 

WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund, as well as an additional 0.10%, through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

4 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

5 

Fund commenced operations on February 10, 2017. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 141/365 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.30% through February 2, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

6 

WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund through July 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

7 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% effective June 30, 2017 through July 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

8 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

9 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

30   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
Austria – 1.3%      

Andritz AG

     33      $ 1,985  

Erste Group Bank AG*

     81        3,097  

EVN AG

     61        911  

Oesterreichische Post AG

     32        1,388  

OMV AG

     100        5,182  

Telekom Austria AG*

     154        1,208  

UNIQA Insurance Group AG

     184        1,713  

Verbund AG

     73        1,390  

Voestalpine AG

     49        2,280  
     

 

 

 
Total Austria               19,154  
Belgium – 6.6%      

Ackermans & van Haaren N.V.

     3        500  

Anheuser-Busch InBev S.A.

     506        55,813  

Barco N.V.

     2        205  

Bekaert S.A.

     25        1,270  

bpost S.A.

     370        8,919  

Cofinimmo S.A.

     23        2,824  

Colruyt S.A.

     34        1,789  

D’ieteren S.A./N.V.

     16        747  

Elia System Operator S.A./N.V.

     19        1,074  

Ion Beam Applications

     3        165  

KBC Group N.V.

     76        5,757  

Melexis N.V.

     10        820  

Orange Belgium S.A.

     166        3,881  

Proximus SADP

     164        5,729  

Solvay S.A.

     31        4,154  

Umicore S.A.

     28        1,945  

Warehouses De Pauw CVA

     9        945  
     

 

 

 
Total Belgium               96,537  
Finland – 4.9%      

Amer Sports Oyj*

     117        2,922  

Cargotec Oyj Class B

     12        760  

DNA Oyj

     9        143  

Elisa Oyj

     55        2,128  

Fortum Oyj

     886        13,875  

Huhtamaki Oyj

     19        748  

Kemira Oyj

     71        896  

Kesko Oyj Class B

     39        1,981  

Kone Oyj Class B

     116        5,893  

Konecranes Oyj

     33        1,395  

Metso Oyj

     64        2,216  

Neste Oyj

     75        2,950  

Nokia Oyj

     1,058        6,462  

Nokian Renkaat Oyj

     52        2,149  

Orion Oyj Class B

     42        2,678  

Sampo Oyj Class A

     223        11,412  

Sanoma Oyj

     16        149  

Stora Enso Oyj Class R

     210        2,709  

Tieto Oyj

     28        865  

UPM-Kymmene Oyj

     192        5,466  

Valmet Oyj

     46        892  

Wartsila Oyj Abp

     49      2,892  

YIT Oyj

     17        142  
     

 

 

 
Total Finland               71,723  
France – 25.5%      

Accor S.A.

     32        1,498  

Aeroports de Paris

     11        1,773  

Air Liquide S.A.

     48        5,924  

Airbus SE

     151        12,400  

Amundi S.A.(a)

     50        3,613  

Arkema S.A.

     14        1,492  

Atos SE

     9        1,262  

AXA S.A.

     622        16,991  

BNP Paribas S.A.

     322        23,159  

Bollore S.A.

     169        767  

Bouygues S.A.

     85        3,579  

Bureau Veritas S.A.

     74        1,635  

Capgemini SE

     12        1,238  

Carrefour S.A.

     200        5,053  

Casino Guichard Perrachon S.A.

     38        2,248  

Christian Dior SE(b)

     24        6,853  

Cie de Saint-Gobain

     99        5,282  

Cie Generale des Etablissements Michelin

     32        4,248  

Cie Plastic Omnium S.A.

     13        474  

CNP Assurances

     241        5,403  

Coface S.A.

     62        621  

Credit Agricole S.A.

     991        15,920  

Danone S.A.

     99        7,431  

Dassault Systemes SE

     10        895  

Edenred

     70        1,823  

Eiffage S.A.

     11        998  

Electricite de France S.A.

     747        8,079  

Elior Group(a)

     5        145  

Elis S.A.(b)

     7        160  

Engie S.A.

     648        9,767  

Essilor International S.A.

     12        1,525  

Eurazeo S.A.

     15        1,124  

Eutelsat Communications S.A.

     90        2,295  

Fonciere Des Regions

     24        2,223  

Gaztransport Et Technigaz S.A.

     6        239  

Groupe Eurotunnel SE Registered Shares

     15        160  

Havas S.A.

     65        683  

Hermes International

     5        2,467  

ICADE

     19        1,593  

Imerys S.A.

     16        1,390  

JCDecaux S.A.

     12        393  

Kering

     19        6,462  

Klepierre

     131        5,362  

L’Oreal S.A.

     55        11,442  

Lagardere SCA

     48        1,514  

Legrand S.A.

     32        2,235  

LVMH Moet Hennessy Louis Vuitton SE

     67        16,682  

Metropole Television S.A.

     47        1,093  

Natixis S.A.

     1,314        8,808  

Nexity S.A.*

     21        1,219  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      31  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Orange S.A.

     492      $ 7,794  

Pernod Ricard S.A.

     25        3,343  

Peugeot S.A.

     101        2,012  

Publicis Groupe S.A.

     58        4,320  

Remy Cointreau S.A.

     7        816  

Rexel S.A.

     72        1,176  

Rubis SCA

     7        792  

Safran S.A.

     50        4,576  

Sanofi

     282        26,940  

Sartorius Stedim Biotech

     2        155  

Schneider Electric SE*

     115        8,823  

SCOR SE

     53        2,098  

SEB S.A.

     7        1,255  

Societe Generale S.A.

     244        13,110  

Sodexo S.A.

     21        2,711  

SPIE S.A.

     32        960  

Suez

     120        2,219  

Tarkett S.A.

     13        603  

Teleperformance*

     7        895  

Television Francaise 1

     21        294  

Thales S.A.

     29        3,117  

TOTAL S.A.

     776        38,310  

Unibail-Rodamco SE(b)

     20        5,033  

Valeo S.A.

     28        1,884  

Vicat S.A.

     12        844  

Vinci S.A.

     95        8,097  

Vivendi S.A.

     456        10,137  

Wendel S.A.

     6        887  
     

 

 

 
Total France               372,841  
Germany – 25.3%      

Aareal Bank AG

     21        831  

adidas AG

     27        5,166  

Allianz SE Registered Shares

     177        34,804  

AURELIUS Equity Opportunities SE & Co. KGaA(b)

     10        536  

Aurubis AG

     9        706  

Axel Springer SE

     28        1,680  

BASF SE

     288        26,636  

Bayer AG Registered Shares

     178        22,982  

Bayerische Motoren Werke AG

     140        12,979  

BayWa AG

     4        142  

Bechtle AG

     5        642  

Beiersdorf AG

     15        1,575  

Bilfinger SE

     8        313  

Brenntag AG

     23        1,329  

Carl Zeiss Meditec AG Bearer Shares

     16        829  

Comdirect Bank AG

     14        155  

Continental AG

     6        1,293  

Covestro AG(a)

     23        1,658  

CTS Eventim AG & Co. KGaA

     4        177  

Daimler AG Registered Shares

     536        38,740  

Deutsche Boerse AG

     40        4,216  

Deutsche Lufthansa AG Registered Shares

     165        3,750  

Deutsche Post AG Registered Shares

     321        12,016  

Deutsche Telekom AG Registered Shares

     1,322        23,703  

Deutsche Wohnen AG Bearer Shares

     65      2,483  

Diebold Nixdorf AG

     2        164  

DMG MORI AG

     15        842  

Drillisch AG

     19        1,143  

Duerr AG

     8        949  

E.ON SE

     780        7,338  

ElringKlinger AG(b)

     65        1,244  

Evonik Industries AG

     155        4,947  

Fielmann AG

     14        1,078  

Fraport AG Frankfurt Airport Services Worldwide

     18        1,587  

Freenet AG

     57        1,815  

Fresenius Medical Care AG & Co. KGaA

     23        2,208  

Fresenius SE & Co. KGaA

     39        3,339  

Fuchs Petrolub SE

     12        566  

GEA Group AG

     28        1,144  

Gerresheimer AG

     2        161  

Hamburger Hafen und Logistik AG

     40        872  

Hannover Rueck SE

     45        5,387  

HeidelbergCement AG

     22        2,124  

Hella KGaA Hueck & Co.

     28        1,376  

Henkel AG & Co. KGaA

     34        4,107  

Hochtief AG

     18        3,293  

Hugo Boss AG

     25        1,748  

Infineon Technologies AG

     123        2,593  

Innogy SE(a)

     215        8,451  

K+S AG Registered Shares(b)

     75        1,918  

KION Group AG

     13        992  

Kloeckner & Co. SE

     124        1,304  

Krones AG

     3        347  

LANXESS AG

     9        680  

LEG Immobilien AG

     16        1,502  

Linde AG

     40        7,564  

MAN SE

     27        2,891  

Merck KGaA

     17        2,050  

METRO AG

     85        2,865  

MTU Aero Engines AG

     6        845  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     75        15,102  

NORMA Group SE

     1        52  

OSRAM Licht AG

     19        1,512  

Pfeiffer Vacuum Technology AG

     1        146  

ProSiebenSat.1 Media SE

     4        167  

Rheinmetall AG

     7        664  

SAP SE

     155        16,167  

Scout24 AG(a)

     4        147  

Siemens AG Registered Shares

     245        33,630  

Software AG

     16        700  

STADA Arzneimittel AG

     14        991  

Stroeer SE & Co KGaA(b)

     3        179  

Suedzucker AG

     32        666  

Symrise AG

     17        1,203  

Talanx AG

     109        4,065  

Telefonica Deutschland Holding AG

     130        648  

ThyssenKrupp AG

     29        823  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

TLG Immobilien AG

     19      $ 388  

TUI AG

     157        2,277  

Uniper SE

     64        1,200  

United Internet AG Registered Shares

     29        1,592  

Volkswagen AG

     37        5,729  

VTG AG

     4        156  

Wacker Chemie AG

     11        1,193  

Wacker Neuson SE

     12        291  
     

 

 

 
Total Germany               370,463  
Ireland – 0.9%      

C&C Group PLC

     1,307        4,798  

CRH PLC

     156        5,511  

Glanbia PLC

     39        762  

Smurfit Kappa Group PLC

     54        1,679  
     

 

 

 
Total Ireland               12,750  
Italy – 10.7%      

A2A SpA

     1,168        1,937  

ACEA SpA

     89        1,347  

Anima Holding SpA(a)

     95        680  

Assicurazioni Generali SpA

     311        5,111  

Atlantia SpA

     259        7,279  

Azimut Holding SpA

     16        320  

Banca Generali SpA

     43        1,278  

Banca Mediolanum SpA

     207        1,715  

Banca Popolare di Sondrio SCPA

     305        1,201  

BPER Banca

     56        279  

Brembo SpA

     70        1,023  

Brunello Cucinelli SpA

     6        158  

Davide Campari-Milano SpA

     166        1,168  

De’ Longhi SpA

     25        782  

DiaSorin SpA

     10        767  

Ei Towers SpA

     59        3,408  

Enav SpA(a)

     257        1,105  

Enel SpA

     4,630        24,788  

Eni SpA

     2,050        30,770  

ERG SpA

     222        3,117  

FinecoBank Banca Fineco SpA

     173        1,360  

Hera SpA

     414        1,264  

Industria Macchine Automatiche SpA

     13        1,193  

Infrastrutture Wireless Italiane SpA(a)

     295        1,674  

Intesa Sanpaolo SpA

     6,558        20,764  

Intesa Sanpaolo SpA RSP

     1,695        5,019  

Iren SpA

     586        1,355  

Luxottica Group SpA

     74        4,275  

MARR SpA

     29        688  

Mediobanca SpA

     299        2,946  

Moncler SpA

     22        514  

Parmalat SpA

     113        391  

Poste Italiane SpA(a)

     80        547  

Prysmian SpA

     50        1,469  

RAI Way SpA(a)

     197        981  

Recordati SpA

     49        1,985  

Salvatore Ferragamo SpA

     45        1,198  

Saras SpA

     821      1,908  

Snam SpA

     1,460        6,354  

Societa Cattolica di Assicurazioni SCRL

     94        730  

Societa Iniziative Autostradali e Servizi SpA

     85        936  

Telecom Italia SpA RSP

     240        177  

Terna Rete Elettrica Nazionale SpA

     1,177        6,344  

Tod’s SpA

     23        1,432  

Unione di Banche Italiane SpA

     279        1,198  

Unipol Gruppo Finanziario SpA

     433        1,896  
     

 

 

 
Total Italy               156,831  
Netherlands – 6.3%      

Aalberts Industries N.V.

     13        517  

ABN AMRO Group N.V. CVA(a)

     177        4,686  

Akzo Nobel N.V.

     53        4,600  

Arcadis N.V.

     14        253  

ASM International N.V.

     15        872  

ASML Holding N.V.

     42        5,466  

BE Semiconductor Industries N.V.

     19        1,013  

ForFarmers N.V.

     13        146  

Gemalto N.V.

     6        360  

GrandVision N.V.(a)

     71        1,899  

Heineken Holding N.V.

     42        3,844  

Heineken N.V.

     70        6,797  

IMCD Group N.V.

     3        162  

ING Groep N.V.

     1,723        29,674  

Koninklijke Ahold Delhaize N.V.

     26        496  

Koninklijke DSM N.V.

     52        3,774  

Koninklijke KPN N.V.

     482        1,540  

Koninklijke Philips N.V.

     274        9,718  

Koninklijke Vopak N.V.

     63        2,917  

NN Group N.V.

     143        5,076  

Philips Lighting N.V.(a)

     4        147  

Randstad Holding N.V.

     75        4,373  

Wessanen

     9        152  

Wolters Kluwer N.V.

     80        3,382  
     

 

 

 
Total Netherlands               91,864  
Portugal – 1.1%      

EDP – Energias de Portugal S.A.

     1,656        5,408  

Galp Energia, SGPS, S.A.

     255        3,855  

Jeronimo Martins, SGPS, S.A.

     140        2,729  

Navigator Co. S.A. (The)

     442        1,906  

NOS, SGPS, S.A.

     25        152  

REN – Redes Energeticas Nacionais, SGPS, S.A.

     748        2,338  
     

 

 

 
Total Portugal               16,388  
Spain – 15.0%      

Abertis Infraestructuras S.A.

     370        6,845  

Acciona S.A.

     14        1,231  

Acerinox S.A.

     98        1,340  

ACS Actividades de Construccion y Servicios S.A.

     114        4,398  

Almirall S.A.

     36        586  

Amadeus IT Group S.A.

     66        3,941  

Atresmedia Corp. de Medios de Comunicacion S.A.

     68        794  

Banco Bilbao Vizcaya Argentaria S.A.

     3,212        26,615  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      33  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Banco de Sabadell S.A.

     1,796      $ 3,644  

Banco Santander S.A.

     5,018        33,149  

Bankia S.A.

     1,407        6,791  

Bankinter S.A.

     238        2,189  

Bolsas y Mercados Espanoles SHMSF S.A.

     42        1,515  

CaixaBank S.A.

     2,966        14,140  

Cia de Distribucion Integral Logista Holdings S.A.

     37        971  

Distribuidora Internacional de Alimentacion S.A.

     170        1,057  

Ebro Foods S.A.

     55        1,255  

EDP Renovaveis S.A.

     167        1,326  

Enagas S.A.

     25        700  

Endesa S.A.(b)

     443        10,191  

Gas Natural SDG S.A.

     438        10,236  

Grifols S.A.

     53        1,474  

Grupo Catalana Occidente S.A.

     22        924  

Iberdrola S.A.

     2,192        17,333  

Industria de Diseno Textil S.A.

     474        18,170  

Mapfre S.A.

     1,690        5,894  

Prosegur Cia de Seguridad S.A.

     163        1,058  

Red Electrica Corp. S.A.(b)

     164        3,422  

Repsol S.A.

     804        12,288  

Telefonica S.A.

     2,413        24,874  

Zardoya Otis S.A.

     78        806  
     

 

 

 
Total Spain               219,157  
Switzerland – 0.5%      

STMicroelectronics N.V.

     498        7,145  
United Kingdom – 1.8%      

CNH Industrial N.V.

     276        3,121  

Unilever N.V. CVA

     429        23,643  
     

 

 

 
Total United Kingdom               26,764  
TOTAL COMMON STOCKS
(Cost: $1,243,335)
              1,461,617  
RIGHTS – 0.0%      
Spain – 0.0%      

ACS Actividades de Construccion y Servicios S.A., expiring 7/17/17*

     114        91  

Repsol S.A., expiring 7/6/17*

     804        367  
TOTAL RIGHTS
(Cost: $479)
              458  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0%  
United States – 1.0%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c)

     
(Cost: $15,009)(d)      15,009        15,009  
TOTAL INVESTMENTS IN SECURITIES – 100.9%
(Cost: $1,258,823)
        1,477,084  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.9)%

        (13,689
     

 

 

 
NET ASSETS – 100.0%             $ 1,463,395  

 

* 

Non-income producing security.

 

(a) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(b) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(d) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $23,863 and the total market value of the collateral held by the Fund was $25,477. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $10,468.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  
Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    EUR       92,272       USD       103,945     $ (1,296

7/5/2017

    EUR       92,272       USD       103,945       (1,296

7/5/2017

    EUR       92,271       USD       103,945       (1,295

7/5/2017

    EUR       92,286       USD       103,945       (1,312

7/5/2017

    EUR       70,307       USD       79,200       (988

7/5/2017

    USD       103,945       EUR       91,133       (3

7/5/2017

    USD       79,200       EUR       69,439       (1

7/5/2017

    USD       103,945       EUR       91,133       (3

7/5/2017

    USD       103,945       EUR       91,134       (2

7/5/2017

    USD       103,945       EUR       91,136        

8/2/2017

    EUR       90,349       USD       103,197       1  

8/2/2017

    EUR       68,841       USD       78,629        

8/2/2017

    EUR       90,350       USD       103,197       1  

8/2/2017

    EUR       90,349       USD       103,197       1  

8/2/2017

    EUR       90,351       USD       103,197       (1
                                    $ (6,194

 

CURRENCY LEGEND

EUR – Euro

USD – U.S. dollar

 

See Notes to Financial Statements.

 

34   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
Australia – 7.5%      

AGL Energy Ltd.

     17,947      $ 351,039  

Amcor Ltd.

     35,443        440,694  

AMP Ltd.

     167,510        666,855  

Ansell Ltd.

     5,108        92,976  

Aristocrat Leisure Ltd.

     23,311        403,389  

Asaleo Care Ltd.

     30,572        34,472  

ASX Ltd.

     7,660        314,991  

Aurizon Holdings Ltd.

     78,652        323,369  

Australia & New Zealand Banking Group Ltd.

     98,163        2,162,499  

Bank of Queensland Ltd.

     32,197        282,777  

Beach Energy Ltd.

     256,439        113,103  

Bendigo & Adelaide Bank Ltd.

     34,013        289,074  

BHP Billiton Ltd.

     101,443        1,811,460  

Boral Ltd.

     40,870        217,878  

Brambles Ltd.

     60,758        453,461  

Brickworks Ltd.

     1,622        17,157  

Caltex Australia Ltd.

     13,216        320,441  

carsales.com Ltd.

     10,753        95,018  

CIMIC Group Ltd.

     7,634        227,434  

Cleanaway Waste Management Ltd.

     191,111        201,564  

Coca-Cola Amatil Ltd.

     53,012        375,318  

Cochlear Ltd.

     1,259        150,120  

Commonwealth Bank of Australia

     70,317        4,466,494  

Computershare Ltd.

     22,344        242,345  

Crown Resorts Ltd.

     24,910        234,637  

CSL Ltd.

     6,089        644,678  

CSR Ltd.

     52,761        171,189  

Downer EDI Ltd.

     48,865        240,259  

Fairfax Media Ltd.

     229,789        193,886  

Fortescue Metals Group Ltd.

     55,176        220,925  

Genworth Mortgage Insurance Australia Ltd.(a)

     16,088        36,157  

GrainCorp Ltd. Class A

     14,525        105,509  

Harvey Norman Holdings Ltd.(a)

     143,379        420,119  

Healthscope Ltd.

     21,678        36,748  

Incitec Pivot Ltd.

     54,291        142,006  

Insurance Australia Group Ltd.

     135,179        703,012  

IOOF Holdings Ltd.

     35,960        270,315  

IRESS Ltd.

     17,236        167,773  

JB Hi-Fi Ltd.(a)

     2,974        53,312  

Macquarie Group Ltd.

     11,150        756,906  

Magellan Financial Group Ltd.

     8,302        183,654  

Medibank Pvt Ltd.

     149,454        320,988  

Myer Holdings Ltd.(a)

     179,677        115,081  

National Australia Bank Ltd.

     119,727        2,717,445  

Navitas Ltd.

     25,519        94,936  

Newcrest Mining Ltd.

     11,552        178,637  

NIB Holdings Ltd.

     12,358        54,505  

Nine Entertainment Co. Holdings Ltd.

     146,247        154,807  

Orora Ltd.

     120,042        263,344  

Perpetual Ltd.

     6,038        258,759  

Premier Investments Ltd.

     17,556        170,618  

Primary Health Care Ltd.

     47,573        132,827  

QBE Insurance Group Ltd.

     43,848      397,213  

Qube Holdings Ltd.

     76,418        154,161  

REA Group Ltd.

     4,471        227,717  

Rio Tinto Ltd.

     25,564        1,240,653  

Select Harvests Ltd.

     4,222        15,869  

Seven West Media Ltd.

     73,325        40,214  

Sonic Healthcare Ltd.

     17,874        332,062  

Spotless Group Holdings Ltd.

     138,369        122,056  

Star Entertainment Grp Ltd. (The)

     16,485        63,856  

Steadfast Group Ltd.

     98,131        200,222  

Suncorp Group Ltd.

     56,842        646,162  

Super Retail Group Ltd.

     15,003        94,366  

Tabcorp Holdings Ltd.

     45,341        151,983  

Tatts Group Ltd.

     58,698        188,202  

Technology One Ltd.

     38,633        170,689  

Telstra Corp., Ltd.

     302,682        998,341  

TPG Telecom Ltd.(a)

     35,458        155,029  

Treasury Wine Estates Ltd.

     13,041        131,641  

Vocus Group Ltd.(a)

     16,440        42,497  

Washington H Soul Pattinson & Co., Ltd.(a)

     25,131        321,343  

Wesfarmers Ltd.

     41,478        1,276,446  

Westpac Banking Corp.

     89,257        2,088,854  

Woodside Petroleum Ltd.

     32,868        753,064  

Woolworths Ltd.

     45,536        892,071  
     

 

 

 
Total Australia               33,801,671  
Austria – 0.4%      

EVN AG

     28,447        424,708  

OMV AG

     15,961        827,113  

Voestalpine AG

     12,533        583,216  
     

 

 

 
Total Austria               1,835,037  
Belgium – 2.0%      

Ackermans & van Haaren N.V.

     2,633        439,049  

Ageas

     9,896        397,976  

Anheuser-Busch InBev S.A.

     47,176        5,203,635  

bpost S.A.

     20,169        486,184  

Colruyt S.A.

     6,703        352,631  

Elia System Operator S.A./N.V.

     5,778        326,572  

Euronav N.V.

     5,000        39,497  

KBC Group N.V.

     11,462        868,177  

Proximus SADP

     18,099        632,289  

UCB S.A.

     2,913        200,109  
     

 

 

 
Total Belgium               8,946,119  
China – 2.7%      

Beijing Enterprises Holdings Ltd.

     46,500        224,266  

China Everbright International Ltd.

     95,000        118,530  

China Jinmao Holdings Group Ltd.

     638,000        263,162  

China Mobile Ltd.

     579,000        6,144,938  

China Overseas Land & Investment Ltd.

     220,000        643,955  

China Power International Development Ltd.

     587,000        208,288  

China Resources Power Holdings Co., Ltd.

     292,000        573,044  

China South City Holdings Ltd.

     1,078,000        200,232  

CITIC Ltd.

     696,000        1,046,704  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      35  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

CITIC Telecom International Holdings Ltd.

     486,000      $ 155,641  

CNOOC Ltd.

     644,000        705,340  

Fosun International Ltd.

     159,500        249,268  

Guangdong Investment Ltd.

     232,000        319,777  

Guotai Junan International Holdings Ltd.

     320,000        99,200  

Lenovo Group Ltd.

     634,000        400,389  

Shanghai Industrial Holdings Ltd.

     68,000        201,218  

Shenzhen Investment Ltd.

     516,000        228,042  

Sino-Ocean Group Holding Ltd.

     367,000        179,587  

Sun Art Retail Group Ltd.

     238,500        190,031  
     

 

 

 
Total China               12,151,612  
Denmark – 1.3%      

AP Moller – Maersk A/S Class B

     259        520,082  

Coloplast A/S Class B

     5,108        426,267  

Danske Bank A/S

     24,185        928,994  

DONG Energy A/S(b)

     9,148        412,437  

DSV A/S

     1,915        117,506  

GN Store Nord A/S

     4,469        130,324  

ISS A/S

     9,865        386,955  

Novo Nordisk A/S Class B

     16,614        710,558  

Novozymes A/S Class B

     3,194        139,592  

Pandora A/S

     2,230        207,818  

Rockwool International A/S Class B

     638        140,249  

Royal Unibrew A/S

     7,373        353,223  

Scandinavian Tobacco Group A/S Class A(b)

     8,793        142,980  

SimCorp A/S

     2,454        148,472  

Sydbank A/S

     3,513        132,247  

TDC A/S

     33,228        192,982  

Tryg A/S

     27,255        595,372  

Vestas Wind Systems A/S

     3,194        294,470  
     

 

 

 
Total Denmark               5,980,528  
Finland – 1.5%      

Elisa Oyj

     9,259        358,313  

F-Secure Oyj

     35,040        166,654  

Fortum Oyj

     65,735        1,029,394  

Kesko Oyj Class B

     6,037        306,680  

Kone Oyj Class B

     15,090        766,573  

Metso Oyj

     8,083        279,891  

Neste Oyj

     11,650        458,283  

Nokia Oyj

     159,722        975,525  

Nokian Renkaat Oyj

     6,383        263,832  

Orion Oyj Class B

     4,267        272,050  

Sampo Oyj Class A

     16,942        867,032  

Tieto Oyj

     6,685        206,397  

UPM-Kymmene Oyj

     20,021        569,960  
     

 

 

 
Total Finland               6,520,584  
France – 10.9%      

Accor S.A.

     4,901        229,435  

Aeroports de Paris

     2,234        360,031  

Air Liquide S.A.

     5,306        654,800  

Airbus SE

     14,484        1,189,420  

Amundi S.A.(b)

     4,798        346,674  

Arkema S.A.

     1,525        162,506  

AXA S.A.

     83,582      2,283,140  

BioMerieux

     415        89,696  

BNP Paribas S.A.

     36,425        2,619,798  

Bouygues S.A.

     13,107        551,924  

Capgemini SE

     2,552        263,359  

Carrefour S.A.

     20,186        509,963  

Casino Guichard Perrachon S.A.

     5,118        302,724  

Christian Dior SE(a)

     3,095        883,736  

Cie de Saint-Gobain

     14,685        783,517  

Cie Generale des Etablissements Michelin

     4,736        628,751  

CNP Assurances

     24,960        559,541  

Credit Agricole S.A.

     105,986        1,702,628  

Danone S.A.

     14,214        1,066,897  

Dassault Systemes SE

     3,522        315,296  

Edenred

     11,649        303,325  

Electricite de France S.A.

     69,881        755,742  

Elior Group(b)

     6,064        175,951  

Engie S.A.

     148,085        2,231,992  

Essilor International S.A.

     2,553        324,377  

Eutelsat Communications S.A.

     16,217        413,577  

Gaztransport Et Technigaz S.A.

     1,914        76,351  

Havas S.A.

     33,395        350,644  

Hermes International

     1,222        603,007  

Iliad S.A.

     136        32,124  

Imerys S.A.

     3,515        305,288  

Ingenico Group S.A.

     646        58,568  

Ipsen S.A.

     2,875        392,998  

Kering

     2,539        863,544  

Klepierre

     6,719        275,000  

L’Oreal S.A.

     8,699        1,809,708  

Legrand S.A.

     5,889        411,398  

LVMH Moet Hennessy Louis Vuitton SE

     7,942        1,977,416  

Metropole Television S.A.

     12,574        292,275  

Natixis S.A.

     126,828        850,130  

Neopost S.A.

     3,833        177,711  

Nexity S.A.*

     2,929        169,973  

Orange S.A.

     98,844        1,565,910  

Pernod Ricard S.A.

     3,514        469,925  

Publicis Groupe S.A.

     3,195        237,993  

Rallye S.A.

     6,854        140,946  

Remy Cointreau S.A.

     1,940        226,245  

Renault S.A.

     8,689        785,386  

Rexel S.A.

     7,250        118,453  

Rubis SCA

     1,558        176,347  

Safran S.A.

     8,944        818,535  

Sanofi

     32,313        3,086,941  

Schneider Electric SE*

     16,286        1,249,540  

Societe BIC S.A.

     391        46,335  

Societe Generale S.A.

     29,546        1,587,545  

Sodexo S.A.

     2,875        371,192  

Suez

     12,679        234,486  

Teleperformance*

     1,915        244,953  

Television Francaise 1

     11,811        165,155  

Thales S.A.

     4,471        480,567  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

TOTAL S.A.

     99,000      $ 4,887,502  

Unibail-Rodamco SE(a)

     1,914        481,682  

Valeo S.A.

     3,943        265,289  

Veolia Environnement S.A.

     14,594        307,936  

Vicat S.A.

     2,606        183,300  

Vinci S.A.

     17,933        1,528,489  

Vivendi S.A.

     53,519        1,189,691  

Zodiac Aerospace

     5,728        155,160  
     

 

 

 
Total France               49,360,438  
Germany – 8.0%      

adidas AG

     2,329        445,601  

Allianz SE Registered Shares

     13,663        2,686,567  

Axel Springer SE(a)

     4,788        287,246  

BASF SE

     24,086        2,227,647  

Bayer AG Registered Shares

     16,247        2,097,654  

Bayerische Motoren Werke AG

     21,914        2,031,513  

Bechtle AG

     1,915        245,717  

Beiersdorf AG

     3,863        405,523  

Brenntag AG

     3,833        221,559  

Carl Zeiss Meditec AG Bearer Shares

     5,302        274,785  

Comdirect Bank AG

     2,655        29,434  

Continental AG

     2,817        607,083  

Covestro AG(b)

     4,045        291,621  

CTS Eventim AG & Co. KGaA

     5,745        253,711  

Daimler AG Registered Shares

     42,671        3,084,117  

Deutsche Bank AG Registered Shares

     15,704        278,071  

Deutsche Boerse AG

     3,441        362,715  

Deutsche Lufthansa AG Registered Shares

     13,956        317,156  

Deutsche Post AG Registered Shares

     33,207        1,243,033  

Deutsche Telekom AG Registered Shares

     149,579        2,681,869  

Deutsche Wohnen AG Bearer Shares

     9,896        377,998  

DMG MORI AG

     2,401        134,719  

Drillisch AG

     2,298        138,231  

Duerr AG

     263        31,211  

Evonik Industries AG

     11,134        355,378  

Fielmann AG

     2,361        181,874  

Fraport AG Frankfurt Airport Services Worldwide

     3,194        281,597  

Freenet AG

     12,332        392,772  

GEA Group AG

     5,291        216,222  

Gerresheimer AG

     958        76,955  

Hamburger Hafen und Logistik AG

     4,133        90,130  

Hannover Rueck SE

     1,607        192,359  

Henkel AG & Co. KGaA

     4,788        578,315  

Hochtief AG

     902        165,016  

Hugo Boss AG

     3,126        218,557  

Infineon Technologies AG

     3,187        67,192  

Innogy SE(b)

     24,382        958,433  

K+S AG Registered Shares(a)

     7,890        201,756  

Krones AG

     1,501        173,593  

LEG Immobilien AG

     2,552        239,578  

Linde AG

     3,546        670,560  

MAN SE

     1,193        127,727  

Merck KGaA

     4,102        494,755  

METRO AG

     10,534      355,090  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     6,871        1,383,573  

OSRAM Licht AG

     3,194        254,093  

ProSiebenSat.1 Media SE

     26        1,087  

RHOEN-KLINIKUM AG

     10,766        313,978  

SAP SE

     15,523        1,619,100  

Siemens AG Registered Shares

     19,300        2,649,218  

Software AG

     3,142        137,431  

Suedzucker AG

     8,621        179,397  

Talanx AG

     9,613        358,526  

Telefonica Deutschland Holding AG

     153,783        767,012  

TUI AG

     32,034        464,560  

Uniper SE

     10,928        204,845  

Volkswagen AG

     4,289        664,064  

Wacker Chemie AG

     1,187        128,682  

Wirecard AG(a)

     1,595        101,365  
     

 

 

 
Total Germany               36,019,571  
Hong Kong – 2.6%      

AIA Group Ltd.

     170,600        1,246,755  

Bank of East Asia Ltd. (The)

     18,400        79,078  

BOC Hong Kong Holdings Ltd.

     284,000        1,358,799  

CLP Holdings Ltd.

     133,500        1,412,563  

Dah Sing Banking Group Ltd.

     108,400        230,784  

Hang Seng Bank Ltd.

     34,400        719,600  

Hong Kong & China Gas Co., Ltd.

     371,730        699,037  

Hong Kong Aircraft Engineering Co., Ltd.

     30,400        208,341  

Hong Kong Exchanges & Clearing Ltd.

     31,600        816,873  

Hopewell Holdings Ltd.

     69,500        264,861  

MTR Corp., Ltd.

     142,000        799,454  

New World Development Co., Ltd.

     386,000        490,013  

PCCW Ltd.

     586,000        333,294  

Power Assets Holdings Ltd.

     29,000        256,141  

Sino Land Co., Ltd.

     482,000        790,321  

Sun Hung Kai Properties Ltd.

     63,000        925,658  

Techtronic Industries Co., Ltd.

     53,500        246,034  

Wharf Holdings Ltd. (The)

     82,000        679,617  
     

 

 

 
Total Hong Kong               11,557,223  
Ireland – 0.2%      

C&C Group PLC

     68,495        251,475  

CRH PLC

     12,675        447,789  

Greencore Group PLC

     26,476        84,602  

Paddy Power Betfair PLC

     377        40,191  

Smurfit Kappa Group PLC

     7,436        231,153  
     

 

 

 
Total Ireland               1,055,210  
Israel – 0.7%      

B Communications Ltd.

     9,620        166,779  

Bank Hapoalim BM

     33,124        223,440  

Bezeq Israeli Telecommunication Corp., Ltd.

     263,823        438,105  

First International Bank of Israel Ltd.

     6,703        121,510  

Frutarom Industries Ltd.

     1,595        111,568  

Harel Insurance Investments & Financial Services Ltd.

     45,339        268,550  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      37  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Israel Chemicals Ltd.

     70,110      $ 330,892  

Mizrahi Tefahot Bank Ltd.

     12,535        228,092  

Nice Ltd.

     1,277        102,388  

Teva Pharmaceutical Industries Ltd.

     30,000        992,062  
     

 

 

 
Total Israel               2,983,386  
Italy – 3.4%      

A2A SpA

     159,456        264,435  

ACEA SpA

     15,365        232,551  

Anima Holding SpA(b)

     11,936        85,425  

Ascopiave SpA

     37,676        149,540  

Assicurazioni Generali SpA

     57,699        948,302  

Atlantia SpA

     25,547        717,951  

Banca Mediolanum SpA

     7,813        64,739  

BPER Banca

     15,391        76,642  

Cementir Holding SpA

     8,961        53,351  

Davide Campari-Milano SpA

     3,284        23,110  

De’ Longhi SpA

     2,552        79,869  

DiaSorin SpA

     3,513        269,454  

Ei Towers SpA

     4,117        237,834  

Enav SpA(b)

     70,692        303,805  

Enel SpA

     453,783        2,429,437  

Eni SpA

     120,956        1,815,506  

FinecoBank Banca Fineco SpA

     20,121        158,119  

Hera SpA

     78,014        238,108  

Infrastrutture Wireless Italiane SpA(b)

     47,918        271,843  

Intesa Sanpaolo SpA

     774,421        2,451,946  

Iren SpA

     146,365        338,548  

Luxottica Group SpA

     7,400        427,490  

Parmalat SpA

     110,828        383,007  

Poste Italiane SpA(b)

     26,212        179,227  

Recordati SpA

     8,977        363,679  

Saras SpA

     56,242        130,731  

Snam SpA

     202,349        880,691  

Societa Iniziative Autostradali e Servizi SpA

     24,531        270,136  

Telecom Italia SpA RSP

     125,022        91,973  

Terna Rete Elettrica Nazionale SpA

     132,929        716,519  

Unione di Banche Italiane SpA

     54,379        233,575  

UnipolSai Assicurazioni SpA

     167,064        364,131  
     

 

 

 
Total Italy               15,251,674  
Japan – 17.8%      

AIT Corp.

     24,700        228,622  

Alpen Co., Ltd.(a)

     13,500        240,659  

Amada Holdings Co., Ltd.

     63,600        734,717  

Astellas Pharma, Inc.

     69,000        844,077  

Bank of Kyoto Ltd. (The)

     26,000        245,283  

Benesse Holdings, Inc.

     9,400        354,717  

Bridgestone Corp.

     24,000        1,033,820  

Canon, Inc.

     68,300        2,319,623  

Chiba Bank Ltd. (The)

     34,000        246,315  

Dai-ichi Life Holdings, Inc.

     31,900        575,341  

Daicel Corp.

     31,900        396,621  

Daido Steel Co., Ltd.

     40,000        230,331  

Daiichi Sankyo Co., Ltd.

     22,900        539,483  

Daito Trust Construction Co., Ltd.

     2,700      420,403  

Daiwa House Industry Co., Ltd.

     11,700        399,649  

Daiwa Securities Group, Inc.

     177,000        1,048,831  

Denso Corp.

     18,700        789,208  

Eagle Industry Co., Ltd.

     22,100        372,726  

Eisai Co., Ltd.

     7,700        425,227  

FANUC Corp.

     2,600        501,095  

Fast Retailing Co., Ltd.

     1,200        399,644  

Fujitsu Ltd.

     43,000        316,798  

Fukuoka Financial Group, Inc.

     32,000        152,083  

Gfoot Co., Ltd.

     22,100        160,695  

Goldcrest Co., Ltd.

     5,300        117,170  

Gunma Bank Ltd. (The)

     68,600        411,502  

Hachijuni Bank Ltd. (The)

     70,300        446,101  

Hiday Hidaka Corp.

     11,300        281,193  

Hitachi Chemical Co., Ltd.

     27,500        819,909  

Hitachi Ltd.

     195,000        1,196,449  

Hitachi Metals Ltd.

     22,000        305,838  

Hokuhoku Financial Group, Inc.

     22,200        353,864  

Honda Motor Co., Ltd.

     58,500        1,595,265  

Hulic Co., Ltd.

     31,900        325,643  

Idemitsu Kosan Co., Ltd.

     8,000        227,127  

Isetan Mitsukoshi Holdings Ltd.

     32,700        327,698  

Isuzu Motors Ltd.

     38,000        468,743  

ITOCHU Corp.

     63,900        949,173  

Iyo Bank Ltd. (The)

     32,100        265,691  

J. Front Retailing Co., Ltd.

     33,100        507,871  

Japan Airlines Co., Ltd.

     10,100        312,277  

Japan Asia Group Ltd.

     60,500        229,379  

Japan Post Holdings Co., Ltd.

     130,100        1,614,092  

Japan Post Insurance Co., Ltd.

     21,900        482,985  

Japan Tobacco, Inc.

     28,100        987,101  

JSR Corp.

     31,900        549,931  

JXTG Holdings, Inc.

     97,300        424,930  

Kawasaki Heavy Industries Ltd.

     128,000        378,213  

KDDI Corp.

     70,000        1,853,418  

Keihanshin Building Co., Ltd.

     51,000        317,275  

Keiyo Co., Ltd.

     105,800        735,402  

KFC Holdings Japan Ltd.

     7,700        136,648  

Komatsu Ltd.

     42,000        1,067,008  

Konica Minolta, Inc.

     18,200        150,965  

Kubota Corp.

     20,900        351,092  

Kuraray Co., Ltd.

     32,000        580,420  

Lawson, Inc.

     4,700        328,782  

LIXIL Group Corp.

     10,100        252,500  

Marubeni Corp.

     80,100        517,413  

Mazda Motor Corp.

     12,000        167,462  

McDonald’s Holdings Co., Japan Ltd.

     7,400        283,855  

MINEBEA MITSUMI, Inc.

     23,100        371,088  

Mitsubishi Chemical Holdings Corp.

     95,500        790,535  

Mitsubishi Corp.

     63,800        1,337,779  

Mitsubishi Electric Corp.

     34,200        491,724  

Mitsubishi Heavy Industries Ltd.

     180,000        736,597  

Mitsubishi Materials Corp.

     8,900        269,313  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Mitsubishi Motors Corp.

     31,100      $ 204,824  

Mitsubishi Tanabe Pharma Corp.

     17,600        406,636  

Mitsubishi UFJ Financial Group, Inc.

     335,800        2,255,801  

Mitsui & Co., Ltd.

     95,800        1,368,876  

Mitsui Mining & Smelting Co., Ltd.

     67,000        261,775  

Mizuho Financial Group, Inc.

     989,600        1,809,041  

Modec, Inc.

     7,500        166,874  

MOS Food Services, Inc.

     8,900        273,669  

MS&AD Insurance Group Holdings, Inc.

     26,800        900,171  

Murata Manufacturing Co., Ltd.

     2,600        394,998  

Nachi-Fujikoshi Corp.

     68,000        385,511  

Nagaileben Co., Ltd.

     3,100        72,010  

Nakanishi, Inc.

     4,600        186,481  

NGK Spark Plug Co., Ltd.

     20,200        429,493  

Nintendo Co., Ltd.

     1,500        503,026  

Nippon Telegraph & Telephone Corp.

     55,500        2,622,864  

Nissan Motor Co., Ltd.

     159,800        1,590,036  

NOK Corp.

     9,400        198,608  

Nomura Holdings, Inc.

     80,200        480,658  

Nomura Real Estate Holdings, Inc.

     20,200        396,234  

NTN Corp.

     78,000        359,594  

NTT DOCOMO, Inc.

     108,800        2,567,974  

Oji Holdings Corp.

     61,000        314,881  

Ono Pharmaceutical Co., Ltd.

     10,800        235,589  

Otsuka Holdings Co., Ltd.

     10,700        456,150  

Panasonic Corp.

     71,500        969,794  

Raysum Co., Ltd.

     10,100        85,215  

Resona Holdings, Inc.

     100,400        552,665  

Ricoh Co., Ltd.

     22,400        197,764  

SAMTY Co., Ltd.(a)

     23,500        256,208  

Sega Sammy Holdings, Inc.

     32,000        430,616  

Seiko Epson Corp.

     31,800        707,264  

Seiko Holdings Corp.

     30,000        122,553  

Sekisui House Ltd.

     14,800        260,739  

Seven & I Holdings Co., Ltd.

     16,000        659,025  

Shin-Etsu Chemical Co., Ltd.

     15,500        1,405,015  

SoftBank Group Corp.

     6,800        550,548  

Sojitz Corp.

     159,500        391,794  

Sompo Holdings, Inc.

     19,000        733,722  

Sony Financial Holdings, Inc.

     22,600        384,980  

Sparx Group Co., Ltd.

     164,900        317,002  

Subaru Corp.

     30,000        1,010,858  

Sumco Corp.

     18,200        263,540  

Sumitomo Corp.

     52,200        679,213  

Sumitomo Metal Mining Co., Ltd.

     35,000        467,404  

Sumitomo Mitsui Financial Group, Inc.

     47,200        1,839,523  

Sumitomo Mitsui Trust Holdings, Inc.

     13,800        493,612  

Sumitomo Rubber Industries Ltd.

     23,100        389,797  

Suzuki Motor Corp.

     9,100        431,675  

T&D Holdings, Inc.

     32,000        486,864  

Takeda Pharmaceutical Co., Ltd.

     27,600        1,402,353  

Tokai Tokyo Financial Holdings, Inc.

     92,100        510,665  

Tokio Marine Holdings, Inc.

     28,800        1,192,140  

Tokyo Electron Ltd.

     4,400        593,663  

Tokyu Fudosan Holdings Corp.

     28,900      170,787  

Toyo Tire & Rubber Co., Ltd.(a)

     5,900        120,195  

Toyota Motor Corp.

     100,074        5,248,630  

Unizo Holdings Co., Ltd.

     1,400        38,813  

Yahoo Japan Corp.

     87,700        381,678  

Yamaha Corp.

     8,500        293,521  

Yokohama Rubber Co., Ltd. (The)

     8,600        172,597  
     

 

 

 
Total Japan               80,347,595  
Netherlands – 2.0%      

Aalberts Industries N.V.

     2,234        88,823  

ABN AMRO Group N.V. CVA(b)

     24,184        640,203  

Aegon N.V.

     34,281        174,812  

Akzo Nobel N.V.

     4,878        423,334  

Arcadis N.V.

     5,163        93,188  

ASM International N.V.

     4,327        251,644  

ASML Holding N.V.

     3,236        421,123  

BE Semiconductor Industries N.V.

     1,316        70,170  

BinckBank N.V.

     22,256        112,451  

Brunel International N.V.

     1,988        27,776  

Corbion N.V.

     4,469        142,719  

Euronext N.V.(b)

     1,265        65,575  

Gemalto N.V.

     1,277        76,538  

Heineken N.V.

     8,933        867,350  

IMCD Group N.V.

     2,875        155,609  

ING Groep N.V.

     120,818        2,080,764  

Koninklijke Ahold Delhaize N.V.

     24,475        467,296  

Koninklijke DSM N.V.

     3,731        270,813  

Koninklijke KPN N.V.

     30,387        97,077  

Koninklijke Philips N.V.

     25,661        910,078  

Koninklijke Vopak N.V.

     5,608        259,686  

NN Group N.V.

     16,334        579,758  

Randstad Holding N.V.

     4,482        261,323  

Steinhoff International Holdings N.V.

     5,775        29,370  

Wessanen

     8,501        143,886  

Wolters Kluwer N.V.

     8,670        366,520  
     

 

 

 
Total Netherlands               9,077,886  
New Zealand – 0.6%      

Air New Zealand Ltd.

     134,838        321,855  

Contact Energy Ltd.

     64,125        244,622  

EBOS Group Ltd.

     11,418        146,305  

Freightways Ltd.

     48,134        269,967  

Genesis Energy Ltd.

     162,681        289,449  

Kiwi Property Group Ltd.

     173,765        179,395  

Mainfreight Ltd.

     7,660        131,803  

Mercury NZ Ltd.

     77,737        188,971  

Metlifecare Ltd.

     53,335        209,709  

Port of Tauranga Ltd.

     95,843        312,284  

SKY Network Television Ltd.

     49,390        124,764  

Trustpower Ltd.

     41,551        165,200  

Z Energy Ltd.

     29,858        172,710  
     

 

 

 
Total New Zealand               2,757,034  
Norway – 1.6%      

Aker ASA Class A

     5,512        180,297  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      39  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Aker BP ASA

     20,934      $ 308,638  

American Shipping Co. ASA*

     21,657        64,377  

Austevoll Seafood ASA

     30,016        254,414  

DNB ASA

     25,244        427,933  

Entra ASA(b)

     14,979        185,971  

Gjensidige Forsikring ASA

     15,404        262,046  

Kongsberg Gruppen ASA

     9,262        147,057  

Leroy Seafood Group ASA

     51,070        276,486  

Marine Harvest ASA*

     33,836        577,219  

Norsk Hydro ASA

     76,686        423,681  

Ocean Yield ASA

     23,412        182,368  

Orkla ASA

     44,384        449,581  

Protector Forsikring ASA

     17,882        149,432  

Salmar ASA

     5,980        147,846  

SpareBank 1 SMN

     26,774        229,332  

SpareBank 1 SR-Bank ASA

     26,765        228,456  

Statoil ASA

     92,278        1,524,628  

Telenor ASA

     44,090        728,987  

TGS Nopec Geophysical Co. ASA

     2,554        52,168  

Weifa ASA

     14,294        48,633  

Yara International ASA

     5,912        221,330  
     

 

 

 
Total Norway               7,070,880  
Portugal – 0.4%      

CTT – Correios de Portugal S.A.

     6,242        39,462  

EDP – Energias de Portugal S.A.

     183,723        599,928  

Galp Energia, SGPS, S.A.

     32,195        486,724  

Jeronimo Martins, SGPS, S.A.

     15,004        292,458  

REN – Redes Energeticas Nacionais, SGPS, S.A.

     57,545        179,900  

Semapa-Sociedade de Investimento e Gestao

     12,425        240,558  
     

 

 

 
Total Portugal               1,839,030  
Singapore – 1.9%      

Asian Pay Television Trust

     307,300        127,219  

CapitaLand Ltd.

     223,500        568,145  

City Developments Ltd.

     31,700        247,043  

ComfortDelGro Corp., Ltd.

     95,700        159,865  

CWT Ltd.

     95,700        154,999  

DBS Group Holdings Ltd.

     63,800        961,043  

Frasers Centrepoint Ltd.

     256,000        349,551  

Hutchison Port Holdings Trust

     1,117,200        480,396  

Keppel Corp., Ltd.

     83,300        380,548  

M1 Ltd.

     63,800        101,016  

Olam International Ltd.

     127,600        180,717  

Oversea-Chinese Banking Corp., Ltd.

     86,800        680,228  

RHT Health Trust

     134,100        87,170  

Sembcorp Industries Ltd.

     95,700        214,080  

Sembcorp Marine Ltd.

     54,400        64,995  

SIA Engineering Co., Ltd.

     113,600        336,629  

Singapore Technologies Engineering Ltd.

     126,300        337,570  

Singapore Telecommunications Ltd.

     661,100        1,867,799  

StarHub Ltd.

     99,500        196,564  

United Engineers Ltd.

     63,900        127,164  

United Overseas Bank Ltd.

     53,528        898,840  
     

 

 

 
Total Singapore               8,521,581  
Spain – 4.3%      

Abertis Infraestructuras S.A.

     29,103      538,397  

Amadeus IT Group S.A.

     9,463        565,015  

Atresmedia Corp. de Medios de Comunicacion S.A.

     8,234        96,167  

Banco Bilbao Vizcaya Argentaria S.A.

     229,507        1,901,717  

Banco de Sabadell S.A.

     83,371        169,163  

Banco Santander S.A.

     376,000        2,483,881  

Bankia S.A.

     93,635        451,958  

Bankinter S.A.

     16,319        150,111  

CaixaBank S.A.

     176,853        843,146  

Cia de Distribucion Integral Logista Holdings S.A.

     8,302        217,973  

Distribuidora Internacional de Alimentacion S.A.(a)

     22,352        138,965  

Ebro Foods S.A.

     9,978        227,608  

Enagas S.A.

     10,216        286,053  

Endesa S.A.(a)

     54,806        1,260,806  

Ferrovial S.A.

     29,702        658,392  

Gas Natural SDG S.A.

     41,839        977,772  

Grupo Catalana Occidente S.A.

     522        21,927  

Iberdrola S.A.

     207,948        1,644,335  

Industria de Diseno Textil S.A.

     46,642        1,787,969  

Mapfre S.A.

     113,980        397,540  

Mediaset Espana Comunicacion S.A.

     14,685        182,480  

Obrascon Huarte Lain S.A.(a)

     15,214        54,469  

Red Electrica Corp. S.A.(a)

     15,328        319,840  

Repsol S.A.

     75,805        1,158,556  

Tecnicas Reunidas S.A.

     2,233        86,249  

Telefonica S.A.

     261,522        2,695,845  

Viscofan S.A.

     3,513        207,550  

Zardoya Otis S.A.

     5,703        58,931  
     

 

 

 
Total Spain               19,582,815  
Sweden – 3.1%      

AAK AB

     3,513        256,148  

AF AB Class B

     9,258        191,097  

Assa Abloy AB Class B

     13,006        285,423  

Atlas Copco AB Class A

     19,760        756,707  

Atrium Ljungberg AB Class B

     19,123        318,545  

Avanza Bank Holding AB

     1,257        54,828  

Axfood AB

     11,811        196,884  

Com Hem Holding AB

     19,306        267,804  

Electrolux AB Series B

     6,383        208,944  

Fabege AB

     16,280        312,685  

Hennes & Mauritz AB Class B

     37,513        933,539  

Hexpol AB

     2,398        26,142  

Husqvarna AB Class B

     11,396        113,088  

ICA Gruppen AB

     9,511        353,623  

Indutrade AB

     3,297        75,442  

Investment AB Latour Class B

     2,724        34,104  

Kinnevik AB Class B

     7,140        218,317  

Lifco AB Class B

     3,133        100,588  

Loomis AB Class B

     3,514        125,819  

NetEnt AB*

     2,968        25,916  

Nordea Bank AB

     177,588        2,257,078  

Sandvik AB

     31,251        490,928  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Securitas AB Class B

     14,047      $ 236,488  

Skandinaviska Enskilda Banken AB Class A

     78,627        949,913  

Skanska AB Class B

     8,065        191,142  

SKF AB Class B

     10,082        204,041  

Svenska Cellulosa AB SCA Class B

     15,323        115,814  

Svenska Handelsbanken AB Class A

     45,978        657,409  

Swedbank AB Class A

     53,347        1,298,485  

Swedish Match AB

     7,331        257,881  

Tele2 AB Class B

     16,978        177,539  

Telefonaktiebolaget LM Ericsson Class B

     70,126        500,927  

Telia Co. AB

     30,753        141,431  

Thule Group AB(b)

     7,983        149,636  

Trelleborg AB Class B

     13,472        307,149  

Volvo AB Class B

     45,341        771,940  

Wallenstam AB Class B

     32,888        316,420  
     

 

 

 
Total Sweden               13,879,864  
Switzerland – 8.0%      

ABB Ltd. Registered Shares

     41,788        1,033,300  

Adecco Group AG Registered Shares

     2,071        157,653  

Baloise Holding AG Registered Shares

     1,595        246,832  

BKW AG

     3,589        210,996  

Cie Financiere Richemont S.A. Registered Shares

     10,037        827,988  

Clariant AG Registered Shares*

     4,152        91,568  

Coca-Cola HBC AG*

     10,216        299,638  

Credit Suisse Group AG Registered Shares*

     78,421        1,134,982  

DKSH Holding AG

     3,194        259,649  

EMS-Chemie Holding AG Registered Shares

     581        428,932  

GAM Holding AG*

     2,844        38,162  

Geberit AG Registered Shares

     958        447,363  

Givaudan S.A. Registered Shares

     319        638,899  

Julius Baer Group Ltd.*

     3,997        210,566  

Kuehne + Nagel International AG Registered Shares

     6,702        1,119,741  

LafargeHolcim Ltd. Registered Shares*

     18,121        1,038,838  

Logitech International S.A. Registered Shares

     6,901        254,018  

Lonza Group AG Registered Shares*

     1,919        415,401  

Mobilezone Holding AG Registered Shares

     21,418        315,349  

Nestle S.A. Registered Shares

     75,530        6,581,714  

Novartis AG Registered Shares

     78,626        6,551,825  

Partners Group Holding AG

     413        256,387  

Roche Holding AG Bearer Shares

     6,975        1,799,013  

Roche Holding AG Genusschein

     17,609        4,490,281  

SGS S.A. Registered Shares

     319        773,475  

Sonova Holding AG Registered Shares

     1,596        259,486  

STMicroelectronics N.V.

     15,895        228,063  

Straumann Holding AG Registered Shares

     639        363,990  

Sulzer AG Registered Shares

     1,914        217,252  

Sunrise Communications Group AG*(b)

     3,080        242,341  

Swatch Group AG (The) Bearer Shares

     908        335,742  

Swiss Life Holding AG Registered Shares*

     957        323,380  

Swiss Re AG

     3,274        299,657  

Swisscom AG Registered Shares

     957        462,386  

UBS Group AG Registered Shares*

     80,435        1,364,031  

Vifor Pharma AG

     1,197        132,118  

Vontobel Holding AG Registered Shares

     2,236      145,463  

Zurich Insurance Group AG

     6,349        1,850,369  
     

 

 

 
Total Switzerland               35,846,848  
United Arab Emirates – 0.0%      

Gulf Marine Services PLC

     92,761        66,271  
United Kingdom – 18.9%      

Abcam PLC

     2,625        33,194  

Aberdeen Asset Management PLC

     11,899        46,678  

Admiral Group PLC

     7,982        207,675  

Aggreko PLC

     9,896        118,325  

Ashmore Group PLC

     8,766        40,217  

Associated British Foods PLC

     10,164        387,626  

AstraZeneca PLC

     42,483        2,833,661  

Aviva PLC

     82,484        563,570  

Babcock International Group PLC

     13,090        149,714  

BAE Systems PLC

     97,954        806,048  

Barclays PLC

     299,192        787,958  

Barratt Developments PLC

     54,961        402,291  

BBA Aviation PLC

     51,101        204,045  

Bellway PLC

     6,991        270,158  

Berkeley Group Holdings PLC

     7,659        321,043  

BHP Billiton PLC

     70,074        1,070,425  

Big Yellow Group PLC

     20,748        213,449  

Bodycote PLC

     6,366        62,308  

Booker Group PLC

     64,560        156,148  

BP PLC

     1,139,629        6,554,858  

Brewin Dolphin Holdings PLC

     23,952        106,622  

British American Tobacco PLC

     53,427        3,632,342  

British Land Co. PLC (The)

     32,887        258,661  

Britvic PLC

     20,822        187,163  

BT Group PLC

     262,849        1,006,358  

Capita PLC

     41,385        371,730  

Carnival PLC

     5,107        336,994  

Centrica PLC

     346,166        900,203  

Close Brothers Group PLC

     4,150        81,345  

CNH Industrial N.V.

     33,848        382,772  

Compass Group PLC

     38,864        817,823  

Cranswick PLC

     4,789        174,428  

Croda International PLC

     3,435        173,344  

Debenhams PLC

     212,285        119,261  

Dechra Pharmaceuticals PLC

     11,741        259,266  

Derwent London PLC

     3,833        132,139  

Diageo PLC

     67,852        1,999,372  

Direct Line Insurance Group PLC

     42,465        196,038  

Dixons Carphone PLC

     56,281        207,329  

Domino’s Pizza Group PLC

     31,614        120,690  

Drax Group PLC

     5,746        24,309  

DS Smith PLC

     35,444        218,045  

Dunelm Group PLC

     12,088        94,446  

easyJet PLC

     21,049        371,572  

Electrocomponents PLC

     21,848        163,749  

EMIS Group PLC

     16,098        192,690  

esure Group PLC

     6,820        26,727  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      41  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Foxtons Group PLC

     29,378      $ 36,157  

Fresnillo PLC

     10,675        206,053  

G4S PLC

     58,436        247,755  

Galliford Try PLC

     11,532        173,912  

GlaxoSmithKline PLC

     209,929        4,459,798  

Greggs PLC

     6,702        94,020  

Halfords Group PLC

     8,065        35,828  

Halma PLC

     8,318        118,851  

Hammerson PLC

     30,974        231,142  

Hargreaves Lansdown PLC

     3,520        59,531  

Hays PLC

     79,933        172,356  

Hikma Pharmaceuticals PLC

     890        16,994  

HomeServe PLC

     28,861        275,731  

Howden Joinery Group PLC

     22,352        118,198  

HSBC Holdings PLC

     765,735        7,078,931  

IMI PLC

     4,679        72,630  

Imperial Brands PLC

     38,140        1,708,453  

Inchcape PLC

     15,641        153,291  

Informa PLC

     37,940        329,697  

Inmarsat PLC

     24,394        243,828  

International Consolidated Airlines Group S.A.

     69,235        548,735  

Intertek Group PLC

     4,788        262,271  

Intu Properties PLC(a)

     66,796        233,484  

ITV PLC

     194,703        458,777  

J Sainsbury PLC

     67,780        221,604  

Jardine Lloyd Thompson Group PLC

     11,692        182,248  

John Wood Group PLC

     4,407        36,665  

Johnson Matthey PLC

     4,152        154,840  

Kcom Group PLC

     204,404        236,304  

Ladbrokes Coral Group PLC

     91,111        135,509  

Land Securities Group PLC

     21,389        281,444  

Legal & General Group PLC

     58,146        195,091  

Lloyds Banking Group PLC

     1,079,102        927,224  

London Stock Exchange Group PLC

     1,915        90,694  

Low & Bonar PLC

     50,024        55,232  

LSL Property Services PLC

     18,577        53,148  

Marks & Spencer Group PLC

     88,943        385,070  

Mediclinic International PLC

     4,790        46,136  

Meggitt PLC

     28,100        174,071  

Melrose Industries PLC

     6,383        20,106  

Micro Focus International PLC

     5,108        150,682  

Mondi PLC

     10,535        275,604  

Moneysupermarket.com Group PLC

     36,401        167,240  

Morgan Advanced Materials PLC

     55,134        203,175  

N Brown Group PLC

     31,841        128,216  

National Grid PLC

     132,212        1,634,590  

NEX Group PLC

     22,595        183,289  

Old Mutual PLC

     54,023        135,715  

Pagegroup PLC

     30,655        189,460  

Pearson PLC

     56,587        508,278  

Pennon Group PLC

     15,641        167,716  

Persimmon PLC

     12,767        371,806  

Pets at Home Group PLC(a)

     82,566        172,778  

Prudential PLC

     35,112        803,169  

PZ Cussons PLC

     22,344      99,319  

QinetiQ Group PLC

     19,337        67,868  

Reckitt Benckiser Group PLC

     15,707        1,588,138  

Redde PLC

     42,466        89,361  

RELX N.V.

     26,504        544,124  

RELX PLC

     34,489        743,671  

Renishaw PLC

     1,318        61,975  

Restaurant Group PLC (The)

     17,876        76,046  

Rightmove PLC

     2,875        158,715  

Rio Tinto PLC

     47,216        1,988,357  

Rolls-Royce Holdings PLC*

     29,230        338,297  

Rotork PLC

     40,550        123,991  

Royal Dutch Shell PLC Class A

     216,423        5,720,843  

Royal Dutch Shell PLC Class B

     265,800        7,121,002  

Royal Mail PLC

     92,313        505,061  

Saga PLC

     10,248        27,875  

Sage Group PLC (The)

     30,654        273,948  

Savills PLC

     13,728        156,654  

Segro PLC

     52,377        332,828  

Severn Trent PLC

     11,172        316,649  

Smith & Nephew PLC

     18,517        318,698  

Smiths Group PLC

     15,322        317,843  

Soco International PLC

     85,677        129,931  

Spirax-Sarco Engineering PLC

     3,164        219,878  

SSE PLC

     67,957        1,282,602  

St. James’s Place PLC

     7,030        107,936  

Standard Life PLC

     69,692        361,291  

TalkTalk Telecom Group PLC

     118,957        278,907  

Tate & Lyle PLC

     24,591        211,459  

Taylor Wimpey PLC

     77,844        178,165  

Ted Baker PLC

     2,875        89,254  

Telecom Plus PLC

     7,341        110,136  

TP ICAP PLC

     20,334        123,427  

Travis Perkins PLC

     11,012        208,124  

Trinity Mirror PLC

     62,489        79,750  

U & I Group PLC

     31,846        78,079  

Unilever N.V. CVA

     42,770        2,357,113  

Unilever PLC

     27,193        1,467,643  

United Utilities Group PLC

     26,504        298,657  

Vedanta Resources PLC

     19,177        159,922  

Victrex PLC

     3,236        78,856  

Vodafone Group PLC

     862,466        2,439,452  

Weir Group PLC (The)

     6,033        135,651  

WH Smith PLC

     7,340        163,513  

Whitbread PLC

     3,195        164,636  

WS Atkins PLC

     7,983        215,790  

Xaar PLC

     22,904        112,459  
     

 

 

 
Total United Kingdom               85,432,230  
TOTAL COMMON STOCKS
(Cost: $412,087,459)
              449,885,087  
RIGHTS – 0.0%      
New Zealand – 0.0%      

Kiwi Property Group Ltd., expiring 7/10/17*

     15,797        578  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
Spain – 0.0%      

Repsol S.A., expiring 7/6/17*

     74,797      $ 34,124  
TOTAL RIGHTS
(Cost: $35,636)
              34,702  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%  
United States – 0.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c)

     
(Cost: $2,333,800)(d)      2,333,800        2,333,800  
TOTAL INVESTMENTS IN SECURITIES – 100.3%
(Cost: $414,456,895)
        452,253,589  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.3)%

        (1,289,108
     

 

 

 
NET ASSETS – 100.0%             $ 450,964,481  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(d) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $4,009,909 and the total market value of the collateral held by the Fund was $4,284,899. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,951,099.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  
Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    AUD       4,497,902       USD       3,346,754     $ (103,362

7/5/2017

    AUD       4,498,132       USD       3,346,754       (103,538

7/5/2017

    AUD       4,499,426       USD       3,346,754       (104,531

7/5/2017

    AUD       4,498,150       USD       3,346,754       (103,552

7/5/2017

    AUD       3,427,286       USD       2,549,908       (78,992

7/5/2017

    AUD       1,201,270       USD       910,721       (10,713

7/5/2017

    AUD       266,308       USD       202,383       (1,889

7/5/2017

    CHF       4,598,277       USD       4,762,927       (38,699

7/5/2017

    CHF       4,598,301       USD       4,762,927       (38,724

7/5/2017

    CHF       4,598,511       USD       4,762,927       (38,943

7/5/2017

    CHF       4,597,944       USD       4,762,927       (38,351

7/5/2017

    CHF       3,503,432       USD       3,628,897       (29,466

7/5/2017

    CHF       1,262,087       USD       1,296,091       (21,809

7/5/2017

    CHF       280,215       USD       288,020       (4,587

7/5/2017

    DKK       2,214,708       USD       335,364       (4,378

7/5/2017

    DKK       2,214,432       USD       335,364       (4,335

7/5/2017

    DKK       2,214,566       USD       335,364       (4,356

7/5/2017

    DKK       2,214,552       USD       335,364       (4,354

7/5/2017

    DKK       1,687,397       USD       255,518       (3,333

7/5/2017

    DKK       608,037       USD       91,259       (2,015

7/5/2017

    DKK       134,954       USD       20,280       (422

7/5/2017

    EUR       9,898,969       USD       11,151,278       (138,991

7/5/2017

    EUR       9,898,978       USD       11,151,278       (139,001

7/5/2017

    EUR       9,898,881       USD       11,151,278       (138,891

7/5/2017

    EUR       9,900,542       USD       11,151,278       (140,785

7/5/2017

    EUR       7,542,187       USD       8,496,213       (106,028

7/5/2017

    EUR       2,718,683       USD       3,034,115     (66,678

7/5/2017

    EUR       603,225       USD       674,248       (13,761

7/5/2017

    GBP       7,061,006       USD       9,125,214       (46,675

7/5/2017

    GBP       7,060,985       USD       9,125,214       (46,647

7/5/2017

    GBP       7,061,291       USD       9,125,214       (47,044

7/5/2017

    GBP       7,061,023       USD       9,125,214       (46,697

7/5/2017

    GBP       5,379,962       USD       6,952,547       (35,751

7/5/2017

    GBP       1,944,714       USD       2,483,159       (42,926

7/5/2017

    GBP       432,344       USD       551,813       (9,779

7/5/2017

    ILS       838,672       USD       237,204       (3,124

7/5/2017

    ILS       838,695       USD       237,204       (3,131

7/5/2017

    ILS       838,764       USD       237,204       (3,150

7/5/2017

    ILS       838,732       USD       237,204       (3,141

7/5/2017

    ILS       639,338       USD       180,731       (2,476

7/5/2017

    ILS       227,777       USD       64,548       (723

7/5/2017

    ILS       50,577       USD       14,344       (149

7/5/2017

    JPY       22,848,443       AUD       264,263       (647

7/5/2017

    JPY       21,046,173       CHF       179,408       32  

7/5/2017

    JPY       70,833,874       EUR       551,481       (1,427

7/5/2017

    JPY       11,419,597       GBP       77,950       (381

7/5/2017

    JPY       1,396,141       ILS       43,255       (31

7/5/2017

    JPY       1,782,217       NOK       132,212       (78

7/5/2017

    JPY       3,532,453       NZD       42,893       (32

7/5/2017

    JPY       24,480,046       SEK       1,833,368       (508

7/5/2017

    JPY       1,498,889       SGD       18,353       (10

7/5/2017

    JPY       1,471,201,154       USD       13,323,189       229,551  

7/5/2017

    JPY       1,471,183,834       USD       13,323,189       229,705  

7/5/2017

    JPY       1,471,325,060       USD       13,323,189       228,448  

7/5/2017

    JPY       1,471,191,828       USD       13,323,189       229,634  

7/5/2017

    JPY       1,120,895,973       USD       10,151,002       175,068  

7/5/2017

    JPY       400,591,349       USD       3,625,517       60,268  

7/5/2017

    JPY       89,582,558       USD       805,671       8,389  

7/5/2017

    NOK       11,556,167       USD       1,372,754       (6,815

7/5/2017

    NOK       11,556,781       USD       1,372,754       (6,888

7/5/2017

    NOK       11,556,829       USD       1,372,754       (6,894

7/5/2017

    NOK       11,556,391       USD       1,372,754       (6,842

7/5/2017

    NOK       8,805,093       USD       1,045,912       (5,235

7/5/2017

    NOK       3,173,907       USD       373,554       (5,345

7/5/2017

    NOK       702,178       USD       83,012       (814

7/5/2017

    NZD       319,308       USD       226,473       (7,325

7/5/2017

    NZD       319,321       USD       226,473       (7,334

7/5/2017

    NZD       319,321       USD       226,473       (7,334

7/5/2017

    NZD       319,327       USD       226,473       (7,338

7/5/2017

    NZD       243,313       USD       172,555       (5,599

7/5/2017

    NZD       85,568       USD       61,629       (1,024

7/5/2017

    NZD       18,911       USD       13,695       (152

7/5/2017

    SEK       14,716,999       USD       1,699,768       (45,079

7/5/2017

    SEK       14,717,185       USD       1,699,768       (45,101

7/5/2017

    SEK       14,716,817       USD       1,699,768       (45,057

7/5/2017

    SEK       14,716,926       USD       1,699,768       (45,070

7/5/2017

    SEK       11,213,311       USD       1,295,065       (34,385

7/5/2017

    SEK       4,043,821       USD       462,543       (16,892

7/5/2017

    SEK       896,627       USD       102,787       (3,517

7/5/2017

    SGD       1,175,360       USD       849,980       (3,679

7/5/2017

    SGD       1,175,514       USD       849,980       (3,790

7/5/2017

    SGD       1,175,523       USD       849,980       (3,797

7/5/2017

    SGD       1,175,463       USD       849,980       (3,753

7/5/2017

    SGD       895,581       USD       647,606       (2,850

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      43  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    SGD       319,782       USD       231,297     $ (959

7/5/2017

    SGD       71,191       USD       51,399       (307

7/5/2017

    USD       910,721       AUD       1,194,993       5,898  

7/5/2017

    USD       210,537       AUD       277,466       2,293  

7/5/2017

    USD       3,345,041       AUD       4,360,803       (87

7/5/2017

    USD       2,548,606       AUD       3,322,564       (33

7/5/2017

    USD       3,345,041       AUD       4,360,786       (100

7/5/2017

    USD       3,345,041       AUD       4,360,808       (83

7/5/2017

    USD       3,345,041       AUD       4,360,917        

7/5/2017

    USD       1,296,091       CHF       1,259,710       19,327  

7/5/2017

    USD       299,625       CHF       290,571       3,795  

7/5/2017

    USD       4,760,490       CHF       4,558,978       99  

7/5/2017

    USD       3,627,040       CHF       3,473,471       38  

7/5/2017

    USD       4,760,490       CHF       4,558,745       (144

7/5/2017

    USD       4,760,490       CHF       4,558,993       114  

7/5/2017

    USD       4,760,490       CHF       4,558,883        

7/5/2017

    USD       91,259       DKK       605,379       1,608  

7/5/2017

    USD       21,097       DKK       139,968       374  

7/5/2017

    USD       335,192       DKK       2,185,103       8  

7/5/2017

    USD       255,389       DKK       1,664,853       4  

7/5/2017

    USD       335,192       DKK       2,185,159       17  

7/5/2017

    USD       335,192       DKK       2,185,104       8  

7/5/2017

    USD       21,192       DKK       137,974       (26

7/5/2017

    USD       335,192       DKK       2,185,050        

7/5/2017

    USD       3,034,115       EUR       2,706,825       53,154  

7/5/2017

    USD       701,414       EUR       625,797       12,338  

7/5/2017

    USD       11,145,573       EUR       9,771,847       (293

7/5/2017

    USD       8,491,867       EUR       7,445,284       (149

7/5/2017

    USD       11,145,573       EUR       9,771,813       (333

7/5/2017

    USD       11,145,573       EUR       9,771,864       (274

7/5/2017

    USD       11,145,573       EUR       9,772,104        

7/5/2017

    USD       2,483,159       GBP       1,938,369       34,684  

7/5/2017

    USD       574,046       GBP       450,434       11,044  

7/5/2017

    USD       9,120,545       GBP       7,021,313       (216

7/5/2017

    USD       6,948,990       GBP       5,349,615       (111

7/5/2017

    USD       9,120,545       GBP       7,021,264       (279

7/5/2017

    USD       9,120,545       GBP       7,021,302       (230

7/5/2017

    USD       9,120,545       GBP       7,021,475       (5

7/5/2017

    USD       64,548       ILS       227,395       614  

7/5/2017

    USD       14,922       ILS       52,543       135  

7/5/2017

    USD       237,083       ILS       827,370       6  

7/5/2017

    USD       180,637       ILS       630,378       3  

7/5/2017

    USD       237,083       ILS       827,390       12  

7/5/2017

    USD       237,083       ILS       827,369       6  

7/5/2017

    USD       237,083       ILS       827,349        

7/5/2017

    USD       3,625,517       JPY       400,920,183       (57,342

7/5/2017

    USD       838,131       JPY       93,336,614       (7,438

7/5/2017

    USD       13,316,372       JPY       1,496,267,507       356  

7/5/2017

    USD       10,145,810       JPY       1,140,003,503       181  

7/5/2017

    USD       13,316,372       JPY       1,496,272,833       403  

7/5/2017

    USD       13,316,372       JPY       1,496,264,843       332  

7/5/2017

    USD       13,316,372       JPY       1,496,227,557        

7/5/2017

    USD       373,554       NOK       3,160,007       3,686  

7/5/2017

    USD       86,357       NOK       732,116       1,043  

7/5/2017

    USD       1,372,052       NOK       11,493,488       34  

7/5/2017

    USD       1,045,375       NOK       8,756,866       15  

7/5/2017

    USD       1,372,052       NOK       11,493,544       41  

7/5/2017

    USD       1,372,052       NOK       11,493,486       34  

7/5/2017

    USD       1,372,052       NOK       11,493,199      

7/5/2017

    USD       61,629       NZD       84,946       568  

7/5/2017

    USD       14,247       NZD       19,502       32  

7/5/2017

    USD       226,357       NZD       309,138       (6

7/5/2017

    USD       172,467       NZD       235,543       (2

7/5/2017

    USD       226,357       NZD       309,137       (7

7/5/2017

    USD       226,357       NZD       309,139       (6

7/5/2017

    USD       226,357       NZD       309,146        

7/5/2017

    USD       462,543       SEK       4,020,340       14,108  

7/5/2017

    USD       106,929       SEK       931,098       3,462  

7/5/2017

    USD       1,698,898       SEK       14,329,797       42  

7/5/2017

    USD       1,294,403       SEK       10,917,862       18  

7/5/2017

    USD       1,698,898       SEK       14,329,870       51  

7/5/2017

    USD       1,698,898       SEK       14,329,797       42  

7/5/2017

    USD       1,698,898       SEK       14,329,440        

7/5/2017

    USD       231,297       SGD       319,676       882  

7/5/2017

    USD       53,470       SGD       74,187       412  

7/5/2017

    USD       849,545       SGD       1,169,671       (19

7/5/2017

    USD       647,275       SGD       891,188       (9

7/5/2017

    USD       849,545       SGD       1,169,637       (43

7/5/2017

    USD       849,545       SGD       1,169,667       (21

7/5/2017

    USD       849,545       SGD       1,169,696        

8/2/2017

    AUD       1,571,179       USD       1,204,791       34  

8/2/2017

    AUD       1,197,100       USD       917,940       21  

8/2/2017

    AUD       1,571,169       USD       1,204,791       42  

8/2/2017

    AUD       1,571,181       USD       1,204,791       32  

8/2/2017

    AUD       1,571,218       USD       1,204,791       4  

8/2/2017

    DKK       2,670,959       USD       410,343       (11

8/2/2017

    DKK       2,035,035       USD       312,643       (10

8/2/2017

    DKK       2,671,091       USD       410,343       (31

8/2/2017

    DKK       2,671,049       USD       410,343       (25

8/2/2017

    DKK       2,670,934       USD       410,343       (7

8/2/2017

    EUR       9,523,313       USD       10,877,557       149  

8/2/2017

    EUR       7,255,954       USD       8,287,664       5  

8/2/2017

    EUR       9,523,388       USD       10,877,557       63  

8/2/2017

    EUR       9,523,313       USD       10,877,557       149  

8/2/2017

    EUR       9,523,547       USD       10,877,557       (118

8/2/2017

    GBP       6,698,397       USD       8,708,687       119  

8/2/2017

    GBP       5,103,582       USD       6,635,192       40  

8/2/2017

    GBP       6,698,428       USD       8,708,687       79  

8/2/2017

    GBP       6,698,330       USD       8,708,687       206  

8/2/2017

    GBP       6,698,495       USD       8,708,687       (8

8/2/2017

    NOK       12,782,961       USD       1,526,830       (71

8/2/2017

    NOK       9,739,141       USD       1,163,303       (19

8/2/2017

    NOK       12,782,891       USD       1,526,830       (63

8/2/2017

    NOK       12,782,862       USD       1,526,830       (59

8/2/2017

    NOK       12,782,593       USD       1,526,830       (27

8/2/2017

    NZD       131,907       USD       96,536       1  

8/2/2017

    NZD       100,506       USD       73,555        

8/2/2017

    NZD       131,906       USD       96,536       1  

8/2/2017

    NZD       131,905       USD       96,536       2  

8/2/2017

    NZD       131,910       USD       96,536       (2

8/2/2017

    SEK       12,573,367       USD       1,492,953       (60

8/2/2017

    SEK       9,579,519       USD       1,137,490       (21

8/2/2017

    SEK       12,573,516       USD       1,492,953       (78

8/2/2017

    SEK       12,573,352       USD       1,492,953       (58

8/2/2017

    SEK       12,573,131       USD       1,492,953       (32

8/3/2017

    CHF       4,753,904       USD       4,972,916       (211

 

See Notes to Financial Statements.

 

44   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2017

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

8/3/2017

    CHF       3,622,001       USD       3,788,890     $ (137

8/3/2017

    CHF       4,753,715       USD       4,972,916       (13

8/3/2017

    CHF       4,753,844       USD       4,972,916       (148

8/3/2017

    CHF       4,753,799       USD       4,972,916       (102

8/3/2017

    ILS       1,158,749       USD       332,377       (23

8/3/2017

    ILS       882,850       USD       253,243       (12

8/3/2017

    ILS       1,158,764       USD       332,377       (27

8/3/2017

    ILS       1,158,791       USD       332,377       (35

8/3/2017

    ILS       1,158,749       USD       332,377       (23

8/3/2017

    JPY       1,570,970,733       USD       13,997,991       (510

8/3/2017

    JPY       1,196,914,197       USD       10,665,137       (246

8/3/2017

    JPY       1,571,000,129       USD       13,997,991       (771

8/3/2017

    JPY       1,570,969,333       USD       13,997,991       (497

8/3/2017

    JPY       1,570,913,341       USD       13,997,991       2  

8/3/2017

    SGD       1,162,040       USD       844,328       (30

8/3/2017

    SGD       885,361       USD       643,299       (20

8/3/2017

    SGD       1,161,999       USD       844,328        

8/3/2017

    SGD       1,162,073       USD       844,328       (54

8/3/2017

    SGD       1,162,052       USD       844,328       (39
                                    $ (845,675

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

ILS – Israeli New shekel

JPY – Japanese yen

NOK – Norwegian krone

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      45  


Table of Contents

Schedule of Investments

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUND – 99.9%      
United States – 99.9%      

WisdomTree International Quality Dividend Growth Fund(a)

     
(Cost: $1,987,219)      82,329      $ 2,329,087  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.1%

        2,011  
     

 

 

 
NET ASSETS – 100.0%             $ 2,331,098  
(a) 

Affiliated company (See Note 3).

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  
Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    AUD       16,502       USD       12,279     $ (379

7/5/2017

    AUD       16,503       USD       12,279       (380

7/5/2017

    AUD       16,508       USD       12,279       (384

7/5/2017

    AUD       16,503       USD       12,279       (380

7/5/2017

    AUD       12,575       USD       9,356       (290

7/5/2017

    CHF       38,645       USD       40,029       (325

7/5/2017

    CHF       38,645       USD       40,029       (325

7/5/2017

    CHF       38,647       USD       40,029       (327

7/5/2017

    CHF       38,642       USD       40,029       (322

7/5/2017

    CHF       29,445       USD       30,499       (249

7/5/2017

    DKK       40,739       USD       6,169       (81

7/5/2017

    DKK       40,734       USD       6,169       (80

7/5/2017

    DKK       40,737       USD       6,169       (80

7/5/2017

    DKK       40,737       USD       6,169       (80

7/5/2017

    DKK       31,064       USD       4,704       (61

7/5/2017

    EUR       54,385       USD       61,265       (764

7/5/2017

    EUR       54,385       USD       61,265       (764

7/5/2017

    EUR       54,384       USD       61,265       (763

7/5/2017

    EUR       54,393       USD       61,265       (773

7/5/2017

    EUR       41,439       USD       46,681       (583

7/5/2017

    GBP       36,550       USD       47,235       (242

7/5/2017

    GBP       36,550       USD       47,235       (241

7/5/2017

    GBP       36,551       USD       47,235       (244

7/5/2017

    GBP       36,550       USD       47,235       (242

7/5/2017

    GBP       27,851       USD       35,992       (185

7/5/2017

    ILS       170       USD       48       (1

7/5/2017

    ILS       170       USD       48       (1

7/5/2017

    ILS       170       USD       48       (1

7/5/2017

    ILS       170       USD       48       (1

7/5/2017

    ILS       145       USD       41       (1

7/5/2017

    JPY       195,269       AUD       2,258       (6

7/5/2017

    JPY       173,612       CHF       1,480        

7/5/2017

    JPY       13,677       NZD       166        

7/5/2017

    JPY       6,370       SGD       78        

7/5/2017

    JPY       4,788,761       USD       43,367       747  

7/5/2017

    JPY       4,788,705       USD       43,367       748  

7/5/2017

    JPY       4,789,165       USD       43,367       744  

7/5/2017

    JPY       4,788,731       USD       43,367       747  

7/5/2017

    JPY       3,648,791       USD       33,044       570  

7/5/2017

    NOK       46,090       USD       5,475       (27

7/5/2017

    NOK       46,092       USD       5,475       (27

7/5/2017

    NOK       46,092       USD       5,475     $ (28

7/5/2017

    NOK       46,091       USD       5,475       (27

7/5/2017

    NOK       35,139       USD       4,174       (21

7/5/2017

    NZD       1,105       USD       784       (25

7/5/2017

    NZD       1,105       USD       784       (25

7/5/2017

    NZD       1,105       USD       784       (25

7/5/2017

    NZD       1,105       USD       784       (25

7/5/2017

    NZD       846       USD       600       (19

7/5/2017

    SEK       111,336       USD       12,859       (341

7/5/2017

    SEK       111,338       USD       12,859       (341

7/5/2017

    SEK       111,335       USD       12,859       (341

7/5/2017

    SEK       111,336       USD       12,859       (341

7/5/2017

    SEK       84,871       USD       9,802       (260

7/5/2017

    SGD       3,709       USD       2,682       (12

7/5/2017

    SGD       3,709       USD       2,682       (12

7/5/2017

    SGD       3,709       USD       2,682       (12

7/5/2017

    SGD       3,709       USD       2,682       (12

7/5/2017

    SGD       2,828       USD       2,045       (9

7/5/2017

    USD       12,279       AUD       16,008        

7/5/2017

    USD       12,279       AUD       16,008        

7/5/2017

    USD       9,356       AUD       12,197        

7/5/2017

    USD       12,279       AUD       16,008        

7/5/2017

    USD       12,279       AUD       16,008        

7/5/2017

    USD       40,029       CHF       38,335       1  

7/5/2017

    USD       40,029       CHF       38,334        

7/5/2017

    USD       30,499       CHF       29,208       1  

7/5/2017

    USD       40,029       CHF       38,333       (1

7/5/2017

    USD       40,029       CHF       38,335       1  

7/5/2017

    USD       6,169       DKK       40,215        

7/5/2017

    USD       4,704       DKK       30,665        

7/5/2017

    USD       6,169       DKK       40,215        

7/5/2017

    USD       6,169       DKK       40,216        

7/5/2017

    USD       6,169       DKK       40,215        

7/5/2017

    USD       382       DKK       2,484       1  

7/5/2017

    USD       61,265       EUR       53,714       (2

7/5/2017

    USD       61,265       EUR       53,714       (1

7/5/2017

    USD       46,681       EUR       40,927       (1

7/5/2017

    USD       61,265       EUR       53,714       (2

7/5/2017

    USD       61,265       EUR       53,714       (2

7/5/2017

    USD       3,659       EUR       3,203       (5

7/5/2017

    USD       47,235       GBP       36,363       (1

7/5/2017

    USD       47,235       GBP       36,363       (1

7/5/2017

    USD       35,992       GBP       27,708       (1

7/5/2017

    USD       47,235       GBP       36,363       (1

7/5/2017

    USD       47,235       GBP       36,363       (1

7/5/2017

    USD       1,064       GBP       817       (3

7/5/2017

    USD       48       ILS       168        

7/5/2017

    USD       48       ILS       168        

7/5/2017

    USD       41       ILS       143        

7/5/2017

    USD       48       ILS       168        

7/5/2017

    USD       48       ILS       168        

7/5/2017

    USD       3       ILS       11        

7/5/2017

    USD       43,367       JPY       4,872,846       1  

7/5/2017

    USD       33,044       JPY       3,712,916       1  

7/5/2017

    USD       43,367       JPY       4,872,802       1  

7/5/2017

    USD       43,367       JPY       4,872,863       1  

7/5/2017

    USD       43,367       JPY       4,872,837       1  

7/5/2017

    USD       5,475       NOK       45,863        

 

See Notes to Financial Statements.

 

46   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)

June 30, 2017

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    USD       5,475       NOK       45,863     $  

7/5/2017

    USD       4,174       NOK       34,965        

7/5/2017

    USD       5,475       NOK       45,864        

7/5/2017

    USD       5,475       NOK       45,863        

7/5/2017

    USD       130       NOK       1,086       (1

7/5/2017

    USD       784       NZD       1,071        

7/5/2017

    USD       600       NZD       819        

7/5/2017

    USD       784       NZD       1,071        

7/5/2017

    USD       784       NZD       1,071      

7/5/2017

    USD       784       NZD       1,071        

7/5/2017

    USD       12,859       SEK       108,463        

7/5/2017

    USD       12,859       SEK       108,461        

7/5/2017

    USD       9,802       SEK       82,678        

7/5/2017

    USD       12,859       SEK       108,463        

7/5/2017

    USD       12,859       SEK       108,463        

7/5/2017

    USD       1,625       SEK       13,687       (3

7/5/2017

    USD       2,682       SGD       3,693        

7/5/2017

    USD       2,682       SGD       3,693        

7/5/2017

    USD       2,045       SGD       2,816        

7/5/2017

    USD       2,682       SGD       3,693        

7/5/2017

    USD       2,682       SGD       3,693        

8/2/2017

    AUD       5,355       USD       4,106        

8/2/2017

    AUD       5,355       USD       4,106        

8/2/2017

    AUD       4,082       USD       3,130        

8/2/2017

    AUD       5,355       USD       4,106        

8/2/2017

    AUD       5,355       USD       4,106        

8/2/2017

    DKK       68,990       USD       10,599        

8/2/2017

    DKK       52,569       USD       8,076        

8/2/2017

    DKK       68,990       USD       10,599        

8/2/2017

    DKK       68,993       USD       10,599       (1

8/2/2017

    DKK       68,992       USD       10,599       (1

8/2/2017

    EUR       39,185       USD       44,757       1  

8/2/2017

    EUR       29,856       USD       34,102        

8/2/2017

    EUR       39,185       USD       44,757        

8/2/2017

    EUR       39,185       USD       44,757        

8/2/2017

    EUR       39,185       USD       44,757       1  

8/2/2017

    GBP       35,424       USD       46,055       1  

8/2/2017

    GBP       35,424       USD       46,055        

8/2/2017

    GBP       26,991       USD       35,092       1  

8/2/2017

    GBP       35,424       USD       46,055        

8/2/2017

    GBP       35,423       USD       46,055       1  

8/2/2017

    NOK       55,282       USD       6,603        

8/2/2017

    NOK       55,280       USD       6,603        

8/2/2017

    NOK       42,137       USD       5,033        

8/2/2017

    NOK       55,281       USD       6,603        

8/2/2017

    NOK       55,281       USD       6,603        

8/2/2017

    NZD       456       USD       334        

8/2/2017

    NZD       456       USD       334        

8/2/2017

    NZD       348       USD       255        

8/2/2017

    NZD       456       USD       334        

8/2/2017

    NZD       456       USD       334        

8/2/2017

    SEK       160,814       USD       19,095       (1

8/2/2017

    SEK       122,546       USD       14,551       (1

8/2/2017

    SEK       160,811       USD       19,095        

8/2/2017

    SEK       160,816       USD       19,095       (1

8/2/2017

    SEK       160,814       USD       19,095       (1

8/3/2017

    CHF       42,424       USD       44,378       (2

8/3/2017

    CHF       32,325       USD       33,814       (1

8/3/2017

    CHF       42,423       USD       44,378     $ (2

8/3/2017

    CHF       42,422       USD       44,378        

8/3/2017

    CHF       42,423       USD       44,378       (1

8/3/2017

    ILS       6,798       USD       1,950        

8/3/2017

    ILS       5,184       USD       1,487        

8/3/2017

    ILS       6,798       USD       1,950        

8/3/2017

    ILS       6,798       USD       1,950        

8/3/2017

    ILS       6,798       USD       1,950        

8/3/2017

    JPY       6,749,858       USD       60,144       (2

8/3/2017

    JPY       5,143,207       USD       45,828       (2

8/3/2017

    JPY       6,749,768       USD       60,144       (1

8/3/2017

    JPY       6,749,985       USD       60,144       (3

8/3/2017

    JPY       6,749,852       USD       60,144       (2

8/3/2017

    SGD       736       USD       535        

8/3/2017

    SGD       736       USD       535        

8/3/2017

    SGD       562       USD       408        

8/3/2017

    SGD       736       USD       535        

8/3/2017

    SGD       736       USD       535        
                                    $ (6,963

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

ILS – Israeli New shekel

JPY – Japanese yen

NOK – Norwegian krone

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      47  


Table of Contents

Schedule of Investments

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%      
Australia – 13.1%      

Adelaide Brighton Ltd.

     1,778      $ 7,678  

Ainsworth Game Technology Ltd.

     1,559        2,583  

ALS Ltd.

     1,266        7,235  

Altium Ltd.

     434        2,853  

AMA Group Ltd.

     1,490        1,109  

Amaysim Australia Ltd.(a)

     212        254  

Ansell Ltd.

     197        3,586  

AP Eagers Ltd.

     555        3,559  

APN Outdoor Group Ltd.

     667        2,461  

ARB Corp., Ltd.

     153        1,844  

Asaleo Care Ltd.

     2,965        3,343  

AUB Group Ltd.

     255        2,541  

Austal Ltd.

     1,185        1,663  

Australian Pharmaceutical Industries Ltd.

     1,620        2,367  

Automotive Holdings Group Ltd.(a)

     835        2,146  

Baby Bunting Group Ltd.(a)

     1,284        1,916  

Bapcor Ltd.

     628        2,645  

Beach Energy Ltd.

     4,482        1,977  

Blackmores Ltd.(a)

     44        3,235  

Breville Group Ltd.

     466        3,735  

Brickworks Ltd.

     87        920  

BT Investment Management Ltd.

     966        8,432  

carsales.com Ltd.

     820        7,246  

Cedar Woods Properties Ltd.

     227        907  

Cleanaway Waste Management Ltd.

     3,355        3,538  

Collins Foods Ltd.

     276        1,249  

Corporate Travel Management Ltd.

     70        1,232  

Costa Group Holdings Ltd.

     453        1,685  

CSG Ltd.

     3,383        1,933  

CSR Ltd.

     2,760        8,955  

Data#3 Ltd.

     958        1,268  

Dicker Data Ltd.

     971        1,765  

Dongfang Modern Agriculture Holding Group Ltd.(a)

     2,361        1,485  

DuluxGroup Ltd.

     1,098        5,845  

Eclipx Group Ltd.

     357        978  

Elanor Investor Group

     734        1,205  

Estia Health Ltd.

     486        1,137  

Event Hospitality and Entertainment Ltd.

     173        1,774  

Fairfax Media Ltd.

     8,935        7,539  

Flight Centre Travel Group Ltd.(a)

     303        8,902  

G8 Education Ltd.

     2,212        6,125  

Genworth Mortgage Insurance Australia Ltd.

     3,482        7,826  

GrainCorp Ltd. Class A

     238        1,729  

Greencross Ltd.

     446        2,070  

GUD Holdings Ltd.

     289        2,862  

GWA Group Ltd.

     1,203        2,907  

Hansen Technologies Ltd.

     390        1,209  

Healthscope Ltd.

     5,254        8,906  

HFA Holdings Ltd.

     591        1,088  

HT&E Ltd.

     866        1,754  

IDP Education Ltd.

     577        2,253  

IMF Bentham Ltd.

     778        1,128  

Independence Group NL

     413      $ 998  

Invocare Ltd.

     281        3,168  

IOOF Holdings Ltd.

     1,758        13,215  

IPH Ltd.

     692        2,548  

IRESS Ltd.

     607        5,908  

iSentia Group Ltd.(a)

     969        1,598  

IVE Group Ltd.

     1,166        1,923  

Japara Healthcare Ltd.

     1,310        2,110  

JB Hi-Fi Ltd.(a)

     512        9,178  

Link Administration Holdings Ltd.

     658        3,987  

MACA Ltd.

     3,160        3,999  

Mantra Group Ltd.

     1,028        2,405  

McMillan Shakespeare Ltd.

     339        3,484  

Mineral Resources Ltd.

     631        5,251  

Monadelphous Group Ltd.

     812        8,714  

Myer Holdings Ltd.(a)

     5,786        3,706  

MYOB Group Ltd.

     1,854        4,864  

MyState Ltd.

     557        2,072  

Navitas Ltd.

     1,378        5,126  

NIB Holdings Ltd.

     1,011        4,459  

Nick Scali Ltd.

     379        1,770  

Nine Entertainment Co. Holdings Ltd.

     4,163        4,407  

Northern Star Resources Ltd.

     1,001        3,647  

Nufarm Ltd.

     214        1,581  

oOh!media Ltd.

     552        1,744  

Orora Ltd.

     3,655        8,018  

OZ Minerals Ltd.

     945        5,371  

Pact Group Holdings Ltd.

     544        2,499  

Peet Ltd.

     1,257        1,152  

Perpetual Ltd.

     239        10,242  

Platinum Asset Management Ltd.(a)

     3,205        11,382  

Premier Investments Ltd.

     223        2,167  

Primary Health Care Ltd.

     1,097        3,063  

Programmed Maintenance Services Ltd.

     755        1,080  

QMS Media Ltd.

     1,444        1,285  

Quintis Ltd.

     424        96  

RCG Corp., Ltd.(a)

     5,378        3,548  

Regis Resources Ltd.

     1,738        5,039  

Retail Food Group Ltd.

     926        3,338  

Sandfire Resources NL

     358        1,552  

SeaLink Travel Group Ltd.

     371        1,158  

Select Harvests Ltd.

     290        1,090  

Seven Group Holdings Ltd.

     823        6,906  

Seven West Media Ltd.

     4,872        2,672  

SG Fleet Group Ltd.

     581        1,693  

Sigma Healthcare Ltd.

     5,934        4,074  

Silver Chef Ltd.

     273        1,564  

Sims Metal Management Ltd.

     446        5,193  

Sirtex Medical Ltd.

     147        1,832  

SmartGroup Corp. Ltd.

     341        1,875  

Southern Cross Media Group Ltd.

     4,538        4,334  

Spotless Group Holdings Ltd.

     6,687        5,899  

Steadfast Group Ltd.

     1,377        2,810  

Super Retail Group Ltd.

     221        1,390  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Tassal Group Ltd.

     441      $ 1,289  

Technology One Ltd.

     426        1,882  

Villa World Ltd.

     1,285        2,218  

Village Roadshow Ltd.

     739        2,296  

Virtus Health Ltd.

     219        904  

Vita Group Ltd.

     1,920        1,635  

Viva Energy REIT

     1,237        2,154  

Vocus Group Ltd.(a)

     2,030        5,247  

Webjet Ltd.

     332        3,145  

WPP AUNZ Ltd.

     3,508        3,364  
     

 

 

 
Total Australia               394,900  
Austria – 0.8%      

Austria Technologie & Systemtechnik AG

     166        1,863  

DO & Co. AG

     18        1,269  

Porr AG

     113        3,561  

RHI AG

     68        2,517  

S IMMO AG

     173        2,506  

UNIQA Insurance Group AG

     1,147        10,675  

Zumtobel Group AG

     70        1,296  
     

 

 

 
Total Austria               23,687  
Belgium – 1.5%      

Barco N.V.

     26        2,666  

Cofinimmo S.A.

     102        12,524  

D’ieteren S.A./N.V.

     123        5,741  

Euronav N.V.

     597        4,716  

EVS Broadcast Equipment S.A.

     57        2,288  

Exmar N.V.

     472        2,261  

Greenyard N.V.

     51        1,206  

Ion Beam Applications

     46        2,532  

Orange Belgium S.A.

     185        4,326  

Warehouses De Pauw CVA

     75        7,871  
     

 

 

 
Total Belgium               46,131  
China – 1.5%      

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     1,000        1,463  

China Aerospace International Holdings Ltd.

     16,000        2,029  

China Agri-Industries Holdings Ltd.

     7,000        2,905  

China Traditional Chinese Medicine Holdings Co., Ltd.

     8,000        4,612  

China Travel International Investment Hong Kong Ltd.

     19,956        5,752  

CITIC Telecom International Holdings Ltd.

     11,678        3,740  

CPMC Holdings Ltd.

     4,000        1,973  

Dah Chong Hong Holdings Ltd.

     2,779        1,274  

Goldpac Group Ltd.

     5,835        1,757  

Guotai Junan International Holdings Ltd.

     16,052        4,976  

Rivera Holdings Ltd.

     18,000        1,383  

Shougang Fushan Resources Group Ltd.

     13,903        2,582  

Sinotruk Hong Kong Ltd.

     3,151        2,289  

Yuexiu Property Co., Ltd.

     52,638        8,968  
     

 

 

 
Total China               45,703  
Denmark – 1.5%      

Alm Brand A/S

     329        2,927  

NNIT A/S(b)

     62        1,888  

Per Aarsleff Holding A/S

     73        1,769  

Ringkjoebing Landbobank A/S

     29      1,446  

Royal Unibrew A/S

     150        7,186  

Scandinavian Tobacco Group A/S Class A(b)

     475        7,724  

Schouw & Co. AB

     46        4,929  

SimCorp A/S

     29        1,755  

Spar Nord Bank A/S

     583        7,638  

Sydbank A/S

     253        9,524  
     

 

 

 
Total Denmark               46,786  
Finland – 2.6%      

Aktia Bank Oyj

     219        2,340  

Citycon Oyj

     4,501        11,797  

Cramo Oyj

     121        3,616  

DNA Oyj

     437        6,928  

F-Secure Oyj

     256        1,218  

Finnair Oyj

     206        1,506  

HKScan Oyj Class A

     479        1,715  

Kemira Oyj

     650        8,199  

Lassila & Tikanoja Oyj

     186        3,906  

Lehto Group Oyj

     87        1,300  

Metsa Board Oyj

     733        5,313  

Oriola Oyj Class B

     224        935  

Raisio Oyj Class V

     516        2,142  

Ramirent Oyj

     277        2,790  

Sanoma Oyj

     141        1,316  

Technopolis Oyj

     761        3,203  

Tieto Oyj

     312        9,633  

Tikkurila Oyj

     197        4,253  

Tokmanni Group Corp.

     286        2,378  

Uponor Oyj

     96        1,742  

YIT Oyj

     218        1,820  
     

 

 

 
Total Finland               78,050  
France – 2.2%      

Albioma S.A.

     119        2,736  

Coface S.A.

     394        3,946  

Europcar Groupe S.A.(b)

     398        5,815  

Gaztransport Et Technigaz S.A.

     110        4,388  

Haulotte Group S.A.

     52        886  

IPSOS

     57        2,136  

Jacquet Metal Service

     111        2,936  

Kaufman & Broad S.A.

     98        4,365  

Korian S.A.

     140        4,770  

LISI

     51        2,426  

Manitou BF S.A.

     37        1,152  

Mersen S.A.

     34        1,115  

Neopost S.A.

     169        7,835  

Nexans S.A.

     48        2,622  

Oeneo S.A.

     101        1,073  

Rallye S.A.

     429        8,822  

Technicolor S.A. Registered Shares

     648        2,822  

Television Francaise 1

     468        6,544  
     

 

 

 
Total France               66,389  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      49  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
Germany – 3.9%      

Aareal Bank AG

     200      $ 7,918  

alstria office REIT-AG

     627        8,464  

AURELIUS Equity Opportunities SE & Co. KGaA(a)

     193        10,354  

BayWa AG

     103        3,656  

Bechtle AG

     16        2,053  

Bertrandt AG

     13        1,301  

bet-at-home.com AG

     8        1,159  

Bilfinger SE

     118        4,616  

Borussia Dortmund GmbH & Co. KGaA

     149        1,037  

CANCOM SE

     24        1,457  

Capital Stage AG

     133        939  

CENTROTEC Sustainable AG

     56        1,230  

Cewe Stiftung & Co. KGAA

     22        1,853  

CropEnergies AG

     109        1,203  

Diebold Nixdorf AG

     75        6,159  

Gerresheimer AG

     49        3,936  

GFT Technologies SE

     51        1,057  

Grammer AG

     31        1,622  

Hamburger Hafen und Logistik AG

     207        4,514  

Indus Holding AG

     54        3,825  

Kloeckner & Co. SE

     232        2,440  

Leoni AG

     47        2,416  

MLP AG

     193        1,285  

NORMA Group SE

     64        3,322  

Pfeiffer Vacuum Technology AG

     32        4,677  

RHOEN-KLINIKUM AG

     56        1,633  

Sixt SE

     87        5,251  

SMA Solar Technology AG(a)

     43        1,290  

Takkt AG

     178        4,444  

TLG Immobilien AG

     342        6,980  

VERBIO Vereinigte BioEnergie AG

     89        1,002  

VTG AG

     84        3,271  

Wacker Neuson SE

     104        2,518  

Washtec AG

     31        2,381  

Wuestenrot & Wuerttembergische AG

     285        6,227  
     

 

 

 
Total Germany               117,490  
Hong Kong – 1.3%      

Dah Sing Financial Holdings Ltd.

     800        6,718  

Hong Kong Aircraft Engineering Co., Ltd.

     400        2,741  

Hongkong & Shanghai Hotels Ltd. (The)

     2,500        4,516  

Kowloon Development Co., Ltd.

     7,000        7,613  

Lai Sun Development Co., Ltd.

     42,107        1,537  

Miramar Hotel & Investment

     1,000        2,316  

Television Broadcasts Ltd.

     1,800        6,779  

Vitasoy International Holdings Ltd.

     2,520        5,184  

Welling Holding Ltd.

     10,000        2,280  
     

 

 

 
Total Hong Kong               39,684  
Indonesia – 0.1%      

Bumitama Agri Ltd.

     4,447        2,422  
Ireland – 0.6%      

C&C Group PLC

     542        1,990  

Grafton Group PLC

     413        3,782  

Greencore Group PLC

     694      2,218  

Hostelworld Group PLC(b)

     565        2,547  

IFG Group PLC

     676        1,407  

Irish Continental Group PLC

     201        1,164  

Origin Enterprises PLC

     210        1,529  

Total Produce PLC

     1,003        2,482  

UDG Healthcare PLC

     145        1,631  
     

 

 

 
Total Ireland               18,750  
Israel – 3.2%      

Amot Investments Ltd.

     1,632        8,558  

Ashtrom Properties Ltd.

     435        2,009  

B Communications Ltd.

     179        3,103  

Delek Automotive Systems Ltd.

     712        5,792  

Delta-Galil Industries Ltd.

     75        2,214  

Direct Insurance Financial Investments Ltd.

     111        1,196  

Discount Investment Corp. Ltd.

     1,503        5,961  

El Al Israel Airlines

     3,117        2,867  

Electra Consumer Products 1970 Ltd.

     63        1,264  

First International Bank of Israel Ltd.

     373        6,762  

Fox Wizel Ltd.

     52        1,093  

Gazit-Globe Ltd.

     936        9,044  

Harel Insurance Investments & Financial Services Ltd.

     612        3,625  

Inrom Construction Industries Ltd.

     414        1,974  

Magic Software Enterprises Ltd.

     197        1,569  

Matrix IT Ltd.

     153        1,569  

Maytronics Ltd.

     251        982  

Mediterranean Towers Ltd.

     688        1,179  

Meitav Dash Investments Ltd.

     322        1,332  

Melisron Ltd.

     119        6,257  

Migdal Insurance & Financial Holding Ltd.

     1,967        2,103  

Oil Refineries Ltd.

     18,338        8,072  

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

     21        1,031  

Scope Metals Group Ltd.

     58        1,832  

Sella Capital Real Estate Ltd.

     1,191        2,308  

Shapir Engineering and Industry Ltd.

     916        2,906  

Shikun & Binui Ltd.

     1,657        4,306  

Shufersal Ltd.

     299        1,568  

Strauss Group Ltd.

     247        4,836  
     

 

 

 
Total Israel               97,312  
Italy – 4.1%      

Anima Holding SpA(b)

     726        5,196  

Ascopiave SpA

     1,169        4,640  

Astaldi SpA

     377        2,343  

ASTM SpA

     273        4,711  

Banca IFIS SpA

     155        6,288  

Banca Popolare di Sondrio SCPA

     384        1,512  

Biesse SpA

     58        2,076  

BPER Banca

     515        2,565  

Brunello Cucinelli SpA

     63        1,654  

Cementir Holding SpA

     275        1,637  

Cerved Information Solutions SpA

     219        2,340  

Cofide SpA

     1,311        867  

Credito Emiliano SpA

     778        6,274  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Datalogic SpA

     46      $ 1,237  

Ei Towers SpA

     87        5,026  

Enav SpA(b)

     2,189        9,407  

ERG SpA

     536        7,526  

Falck Renewables SpA

     923        1,220  

Geox SpA

     486        1,600  

Immobiliare Grande Distribuzione SIIQ SpA

     2,393        2,104  

Italmobiliare SpA

     81        2,208  

Maire Tecnimont SpA

     609        2,826  

MARR SpA

     113        2,682  

OVS SpA(b)

     257        1,826  

Piaggio & C. SpA

     953        2,350  

RAI Way SpA(b)

     890        4,432  

Salini Impregilo SpA

     823        2,844  

Saras SpA

     5,069        11,783  

Societa Cattolica di Assicurazioni SCRL

     609        4,730  

Societa Iniziative Autostradali e Servizi SpA

     657        7,235  

Technogym SpA(b)

     132        1,015  

Tod’s SpA

     109        6,788  

Zignago Vetro SpA

     232        1,946  
     

 

 

 
Total Italy               122,888  
Japan – 25.0%      

77 Bank Ltd. (The)

     1,679        8,263  

Adastria Co., Ltd.

     100        2,786  

Aida Engineering Ltd.

     200        1,913  

Airport Facilities Co., Ltd.

     235        1,276  

Akita Bank Ltd. (The)

     396        1,170  

Alpen Co., Ltd.

     100        1,783  

Alpine Electronics, Inc.

     100        1,496  

Amano Corp.

     100        2,082  

AOKI Holdings, Inc.

     200        2,536  

Aomori Bank Ltd. (The)

     487        1,725  

Aoyama Trading Co., Ltd.

     200        7,129  

Arakawa Chemical Industries Ltd.

     5        86  

Arcland Sakamoto Co., Ltd.

     82        1,101  

Arcs Co., Ltd.

     100        2,164  

As One Corp.

     35        1,635  

Asahi Broadcasting Corp.

     208        1,511  

Autobacs Seven Co., Ltd.

     200        3,247  

Avex Group Holdings, Inc.

     100        1,339  

Awa Bank Ltd. (The)

     350        2,380  

Bank of Iwate Ltd. (The)

     33        1,316  

Bank of Nagoya Ltd. (The)

     49        1,849  

Bank of Okinawa Ltd. (The)

     42        1,704  

Bell System24 Holdings, Inc.

     201        2,061  

BP Castrol K.K.

     200        3,337  

Capcom Co., Ltd.

     100        2,370  

Chiyoda Co., Ltd.

     100        2,619  

Citizen Watch Co., Ltd.

     400        2,805  

COLOPL, Inc.(a)

     100        1,013  

CONEXIO Corp.

     100        1,719  

Cosmo Energy Holdings Co., Ltd.

     219        3,452  

Daihen Corp.

     185        1,454  

Daiichi Jitsugyo Co., Ltd.

     174      951  

Daiken Corp.

     182        3,910  

Daiken Medical Co., Ltd.

     100        715  

Daikoku Denki Co., Ltd.

     71        1,089  

Daikyo, Inc.

     1,000        2,038  

Daikyonishikawa Corp.

     100        1,334  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     313        2,479  

DCM Holdings Co., Ltd.

     134        1,175  

Denyo Co., Ltd.

     195        3,386  

Descente Ltd.

     183        2,476  

Dexerials Corp.

     355        3,469  

Dip Corp.

     41        833  

DMG Mori Co., Ltd.

     100        1,640  

Dowa Holdings Co., Ltd.

     358        2,711  

Dunlop Sports Co., Ltd.

     100        1,003  

EDION Corp.

     100        908  

Eighteenth Bank Ltd. (The)

     1,551        4,431  

Eiken Chemical Co., Ltd.

     40        1,209  

Enplas Corp.

     47        1,449  

Exedy Corp.

     30        845  

Fancl Corp.

     115        2,113  

Feed One Co., Ltd.

     845        1,722  

FIDEA Holdings Co., Ltd.

     519        864  

Fields Corp.

     100        1,074  

Financial Products Group Co., Ltd.

     200        1,906  

Foster Electric Co., Ltd.

     57        982  

FP Corp.

     159        8,604  

Fudo Tetra Corp.

     600        961  

Fuji Corp., Ltd.

     300        1,994  

Fuji Oil Holdings, Inc.

     100        2,312  

Fujicco Co., Ltd.

     70        1,602  

Fujikura Ltd.

     323        2,705  

Fujimori Kogyo Co., Ltd.

     171        5,365  

Fujitsu General Ltd.

     49        1,136  

Fukui Bank Ltd. (The)

     1,591        3,979  

Fukuyama Transporting Co., Ltd.

     309        1,961  

Gakkyusha Co., Ltd.

     112        1,545  

Geo Holdings Corp.

     200        2,074  

GMO Click Holdings, Inc.

     100        705  

GMO Internet, Inc.

     100        1,298  

GS Yuasa Corp.

     1,758        7,651  

GungHo Online Entertainment, Inc.

     700        1,800  

Gunma Bank Ltd. (The)

     987        5,921  

H2O Retailing Corp.

     200        3,637  

Hakuto Co., Ltd.

     142        1,797  

Hanwa Co., Ltd.

     1,698        12,150  

Happinet Corp.

     126        2,209  

Hard Off Corp. Co., Ltd.

     100        1,029  

Hazama Ando Corp.

     300        1,890  

Heiwa Corp.

     349        7,781  

Hiroshima Bank Ltd. (The)

     1,098        4,867  

HIS Co., Ltd.

     44        1,326  

Hitachi Transport System Ltd.

     60        1,410  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      51  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Hitachi Zosen Corp.

     300      $ 1,476  

Hokuetsu Industries Co., Ltd.

     389        3,549  

Hokuhoku Financial Group, Inc.

     206        3,284  

Hokuriku Electric Power Co.(a)

     400        3,606  

Horiba Ltd.

     173        10,516  

Hyakujushi Bank Ltd. (The)

     1,677        5,537  

Ibiden Co., Ltd.

     210        3,615  

Ichigo, Inc.(a)

     500        1,491  

IDOM, Inc.

     100        690  

Iino Kaiun Kaisha Ltd.

     230        985  

Imasen Electric Industrial

     186        2,175  

Itochu Enex Co., Ltd.

     300        2,657  

Japan Radio Co., Ltd.

     174        2,233  

Japan Steel Works Ltd. (The)

     100        1,565  

Japan Transcity Corp.

     275        1,114  

Japan Wool Textile Co., Ltd. (The)

     384        3,202  

Jimoto Holdings, Inc.

     700        1,271  

Joshin Denki Co., Ltd.

     93        1,342  

K’s Holdings Corp.

     95        1,856  

Kadokawa Dwango*

     73        943  

Kamei Corp.

     191        2,597  

Kandenko Co., Ltd.

     178        1,872  

Kasai Kogyo Co., Ltd.

     5        64  

Kato Sangyo Co., Ltd.

     48        1,288  

Kato Works Co., Ltd.

     64        1,800  

Keihin Corp.

     100        1,364  

Keiyo Bank Ltd. (The)

     1,602        6,929  

Kenedix, Inc.

     236        1,113  

Kitagawa Iron Works Co., Ltd.

     1        21  

Kitano Construction Corp.

     1,563        4,549  

Kitz Corp.

     200        1,865  

Koa Corp.

     192        3,556  

Kobe Bussan Co., Ltd.

     36        1,704  

Koei Tecmo Holdings Co., Ltd.

     100        1,983  

Kohnan Shoji Co., Ltd.

     100        1,863  

KOMEDA Holdings Co., Ltd.

     100        1,597  

Konaka Co., Ltd.

     350        1,875  

Krosaki Harima Corp.

     493        1,900  

Kurabo Industries Ltd.

     1,637        3,773  

Kuroda Electric Co., Ltd.

     100        1,960  

KYB Corp.

     1,800        9,211  

KYORIN Holdings, Inc.

     173        3,837  

Kyoto Kimono Yuzen Co., Ltd.

     232        1,937  

Kyowa Exeo Corp.

     200        3,362  

Kyudenko Corp.

     100        3,582  

Leopalace21 Corp.

     500        3,106  

Life Corp.

     166        4,661  

Lintec Corp.

     100        2,391  

Macnica Fuji Electronics Holdings, Inc.

     152        2,220  

Maeda Corp.

     141        1,554  

Maeda Road Construction Co., Ltd.

     142        2,833  

Makino Milling Machine Co., Ltd.

     252        2,079  

Mandom Corp.

     21        1,138  

Mani, Inc.

     54        1,412  

Marubun Corp.

     184      1,289  

Matsui Securities Co., Ltd.

     400        3,261  

Megmilk Snow Brand Co., Ltd.

     154        4,290  

Meisei Industrial Co., Ltd.

     198        1,200  

Miraca Holdings, Inc.

     180        8,090  

Mirait Holdings Corp.(a)

     200        2,245  

Mitsubishi Steel Manufacturing Co., Ltd.

     1,737        4,081  

Mitsui Engineering & Shipbuilding Co., Ltd.

     1,000        1,424  

Mitsui Home Co., Ltd.

     302        1,989  

Miyazaki Bank Ltd. (The)

     1,583        5,199  

Modec, Inc.

     100        2,225  

MTI Ltd.

     200        1,290  

Nachi-Fujikoshi Corp.

     1,623        9,201  

Nakanishi, Inc.

     39        1,581  

NEC Networks & System Integration Corp.

     106        2,302  

NET One Systems Co., Ltd.

     100        948  

NHK Spring Co., Ltd.

     454        4,772  

Nichi-iko Pharmaceutical Co., Ltd.

     100        1,559  

Nichias Corp.

     149        1,723  

Nichiha Corp.

     54        1,903  

Nichireki Co., Ltd.

     187        2,208  

Nihon House Holdings Co., Ltd.

     427        2,010  

Nihon Kohden Corp.

     100        2,309  

Nihon Parkerizing Co., Ltd.

     140        2,085  

Nihon Unisys Ltd.

     100        1,581  

Nippo Corp.

     112        2,252  

Nippon Coke & Engineering Co., Ltd.

     1,974        1,722  

Nippon Denko Co., Ltd.

     594        2,093  

Nippon Flour Mills Co., Ltd.

     181        2,901  

Nippon Kayaku Co., Ltd.

     263        3,722  

Nippon Koei Co., Ltd.

     173        4,912  

Nippon Light Metal Holdings Co., Ltd.

     1,200        2,852  

Nippon Paper Industries Co., Ltd.

     200        4,096  

Nippon Parking Development Co., Ltd.

     1,591        2,308  

Nippon Road Co., Ltd. (The)

     393        2,071  

Nipro Corp.

     190        2,477  

Nishi-Nippon Financial Holdings, Inc.

     200        2,075  

Nishimatsu Construction Co., Ltd.

     1,750        9,283  

Nishimatsuya Chain Co., Ltd.

     100        1,025  

Nissha Printing Co., Ltd.

     34        943  

Nisshin Oillio Group Ltd. (The)

     211        1,238  

Nisshinbo Holdings, Inc.

     300        3,044  

Nitta Corp.

     156        4,852  

Noevir Holdings Co., Ltd.

     173        8,807  

NOF Corp.

     173        2,202  

Nomura Co., Ltd.

     179        4,078  

NS Solutions Corp.

     100        2,376  

NTN Corp.

     924        4,260  

Obara Group, Inc.

     27        1,471  

Ohsho Food Service Corp.

     172        6,559  

Oita Bank Ltd. (The)

     1,665        6,402  

Okamura Corp.

     100        949  

Okasan Securities Group, Inc.

     1,790        11,486  

Oki Electric Industry Co., Ltd.

     200        2,834  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

OKUMA Corp.

     225      $ 2,137  

Okumura Corp.

     452        3,041  

Onward Holdings Co., Ltd.

     321        2,374  

Open House Co., Ltd.

     65        2,002  

OSG Corp.

     100        2,034  

PAL GROUP Holdings Co., Ltd.

     45        1,169  

Penta-Ocean Construction Co., Ltd.

     300        1,706  

Plenus Co., Ltd.

     100        2,112  

Prima Meat Packers Ltd.

     289        1,698  

Rengo Co., Ltd.

     550        3,192  

Resorttrust, Inc.

     100        1,842  

Roland DG Corp.

     168        3,831  

Round One Corp.

     130        1,231  

Ryoden Corp.

     181        1,256  

Saizeriya Co., Ltd.

     46        1,339  

Sakai Chemical Industry Co., Ltd.

     356        1,366  

Sakata INX Corp.

     180        2,868  

San-Ai Oil Co., Ltd.

     129        1,317  

Sankyu, Inc.

     328        2,137  

Sanoh Industrial Co., Ltd.

     272        1,922  

Sanrio Co., Ltd.

     200        3,925  

Sanwa Holdings Corp.

     400        4,215  

Sanyo Denki Co., Ltd.

     248        2,543  

Sawai Pharmaceutical Co., Ltd.

     100        5,616  

Seikagaku Corp.

     161        2,682  

Seino Holdings Co., Ltd.

     200        2,658  

Senko Group Holdings Co., Ltd.

     380        2,469  

SFP Holdings Co., Ltd.

     172        2,229  

Shiga Bank Ltd. (The)

     420        2,164  

Shikoku Chemicals Corp.

     112        1,376  

Shimachu Co., Ltd.

     153        3,644  

Shinko Plantech Co., Ltd.

     200        1,545  

Shoei Co., Ltd.

     177        4,954  

Showa Sangyo Co., Ltd.

     252        1,386  

SKY Perfect JSAT Holdings, Inc.

     800        3,439  

Sotetsu Holdings, Inc.

     1,000        4,957  

Starts Corp., Inc.

     100        2,377  

Sumitomo Mitsui Construction Co., Ltd.

     1,366        1,459  

Sumitomo Seika Chemicals Co., Ltd.

     25        1,226  

T-Gaia Corp.

     200        3,795  

Tadano Ltd.

     127        1,525  

Taiho Kogyo Co., Ltd.

     7        88  

Taiyo Holdings Co., Ltd.

     159        7,146  

Takara Holdings, Inc.

     200        2,083  

Takara Leben Co., Ltd.

     300        1,346  

Takeuchi Manufacturing Co., Ltd.

     153        2,800  

Tatsuta Electric Wire and Cable Co., Ltd.

     568        3,448  

TechnoPro Holdings, Inc.

     73        2,937  

TOA Corp.

     116        1,115  

Tocalo Co., Ltd.

     88        2,898  

Tochigi Bank Ltd. (The)

     244        1,034  

Toda Corp.

     404        2,517  

Toho Bank Ltd. (The)

     1,614        5,674  

TOKAI Holdings Corp.

     200        1,493  

Tokai Rika Co., Ltd.

     200      3,679  

Tokai Tokyo Financial Holdings, Inc.

     318        1,763  

Tokyo Dome Corp.

     229        2,071  

Tokyo Steel Manufacturing Co., Ltd.

     157        1,329  

Tokyo TY Financial Group, Inc.

     48        1,322  

Tokyotokeiba Co., Ltd.

     180        4,592  

Tokyu Construction Co., Ltd.

     100        819  

TOMONY Holdings, Inc.

     401        1,952  

Toshiba Machine Co., Ltd.

     452        2,027  

Toshiba Plant Systems & Services Corp.

     100        1,577  

Totetsu Kogyo Co., Ltd.

     45        1,376  

Toyo Ink SC Holdings Co., Ltd.

     1,644        8,633  

Toyo Tire & Rubber Co., Ltd.

     237        4,828  

Toyobo Co., Ltd.

     1,870        3,428  

Trusco Nakayama Corp.

     100        2,388  

TS Tech Co., Ltd.

     184        5,355  

Tsubaki Nakashima Co., Ltd.

     193        3,733  

Tsubakimoto Chain Co.

     283        2,438  

Tsugami Corp.

     233        1,671  

Tsumura & Co.

     113        4,586  

UACJ Corp.

     520        1,425  

Ube Industries Ltd.

     1,000        2,572  

UKC Holdings Corp.

     154        2,590  

Universal Entertainment Corp.(a)

     100        3,057  

Valor Holdings Co., Ltd.

     100        2,269  

Vital KSK Holdings, Inc.

     100        814  

VT Holdings Co., Ltd.

     200        986  

Wacoal Holdings Corp.

     269        3,637  

Yamagata Bank Ltd. (The)

     343        1,535  

Yamanashi Chuo Bank Ltd. (The)

     419        1,768  

Yamatane Corp.

     100        1,461  

Yokohama Reito Co., Ltd.(a)

     200        1,887  

Yondoshi Holdings, Inc.

     42        1,047  

Yumeshin Holdings Co., Ltd.

     400        2,659  

Yushin Precision Equipment Co., Ltd.

     49        1,206  

Zeon Corp.

     270        2,876  

Zojirushi Corp.

     100        1,140  
     

 

 

 
Total Japan               751,733  
Netherlands – 1.8%      

Accell Group

     72        2,356  

Amsterdam Commodities N.V.

     113        3,671  

BE Semiconductor Industries N.V.

     168        8,958  

Beter Bed Holding N.V.

     83        1,493  

BinckBank N.V.

     488        2,466  

Corbion N.V.

     185        5,908  

Flow Traders(b)

     104        2,865  

ForFarmers N.V.

     227        2,553  

Intertrust N.V.(b)

     232        4,698  

Koninklijke BAM Groep N.V.

     386        2,097  

PostNL N.V.

     1,173        5,468  

Refresco Group N.V.(b)

     102        2,079  

SIF Holding N.V.

     66        1,414  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      53  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

TKH Group N.V. CVA

     115      $ 6,380  

Wessanen

     49        829  
     

 

 

 
Total Netherlands               53,235  
New Zealand – 4.6%      

Air New Zealand Ltd.

     7,078        16,895  

Chorus Ltd.

     1,706        5,783  

Contact Energy Ltd.

     3,032        11,566  

EBOS Group Ltd.

     508        6,509  

Fonterra Co-operative Group Ltd.

     38        167  

Freightways Ltd.

     693        3,887  

Genesis Energy Ltd.

     6,202        11,035  

Heartland Bank Ltd.

     2,963        3,862  

Infratil Ltd.

     1,857        4,045  

Investore Property Ltd.

     1,309        1,323  

Kathmandu Holdings Ltd.

     1,636        2,444  

Kiwi Property Group Ltd.

     5,463        5,640  

Mainfreight Ltd.

     245        4,216  

Metlifecare Ltd.

     221        869  

Metro Performance Glass Ltd.

     1,634        1,651  

Michael Hill International Ltd.

     1,899        1,617  

New Zealand Refining Co., Ltd. (The)

     1,201        2,146  

NZME Ltd.

     2,323        1,548  

NZX Ltd.

     4,225        3,465  

Port of Tauranga Ltd.

     1,184        3,858  

Restaurant Brands New Zealand Ltd.

     396        1,815  

Sanford Ltd.

     244        1,250  

Scales Corp. Ltd.

     739        1,796  

Skellerup Holdings Ltd.

     1,119        1,393  

SKY Network Television Ltd.

     2,910        7,351  

SKYCITY Entertainment Group Ltd.

     2,704        8,078  

Steel & Tube Holdings Ltd.

     604        1,119  

Summerset Group Holdings Ltd.

     287        998  

Tegel Group Holdings Ltd.

     2,054        1,895  

Tourism Holdings Ltd.

     515        1,584  

Trade Me Group Ltd.

     1,583        6,178  

Trustpower Ltd.

     1,013        4,027  

Z Energy Ltd.

     1,621        9,376  
     

 

 

 
Total New Zealand               139,386  
Norway – 3.1%      

ABG Sundal Collier Holding ASA

     4,461        2,860  

American Shipping Co. ASA*

     822        2,443  

Arcus ASA(b)

     471        2,631  

Atea ASA*

     634        8,477  

Austevoll Seafood ASA

     525        4,450  

Borregaard ASA

     164        2,016  

Ekornes ASA

     251        3,446  

Entra ASA(b)

     522        6,481  

Europris ASA(b)

     1,199        5,153  

Grieg Seafood ASA

     637        4,426  

Norway Royal Salmon ASA

     263        4,003  

Ocean Yield ASA

     793        6,177  

Protector Forsikring ASA

     225        1,880  

Scatec Solar ASA(b)

     268        1,513  

Selvaag Bolig ASA

     368      1,415  

Skandiabanken ASA(b)

     122        1,151  

SpareBank 1 Nord Norge

     429        2,906  

SpareBank 1 SMN

     509        4,360  

SpareBank 1 SR-Bank ASA

     780        6,658  

Sparebanken Vest

     453        2,798  

TGS Nopec Geophysical Co. ASA

     302        6,169  

Tomra Systems ASA

     344        4,189  

Veidekke ASA

     414        5,387  

Weifa ASA

     472        1,606  
     

 

 

 
Total Norway               92,595  
Portugal – 1.3%      

Altri, SGPS, S.A.

     478        2,200  

Corticeira Amorim, SGPS, S.A.

     140        2,054  

CTT-Correios de Portugal S.A.

     911        5,759  

Mota-Engil, SGPS, S.A.

     589        1,632  

REN – Redes Energeticas Nacionais, SGPS, S.A.

     3,435        10,739  

Semapa-Sociedade de Investimento e Gestao

     217        4,201  

Sonae Capital, SGPS, S.A.

     2,536        2,606  

Sonae, SGPS, S.A.

     8,003        8,891  
     

 

 

 
Total Portugal               38,082  
Singapore – 3.8%      

Accordia Golf Trust

     4,465        2,319  

Asian Pay Television Trust

     2,101        870  

Boustead Singapore Ltd.

     2,185        1,396  

Bukit Sembawang Estates Ltd.

     1,100        5,249  

Centurion Corp. Ltd.

     4,900        1,744  

China Aviation Oil Singapore Corp., Ltd.

     1,034        1,254  

Chip Eng Seng Corp., Ltd.

     5,705        3,004  

CITIC Envirotech Ltd.

     3,000        1,591  

CWT Ltd.

     1,200        1,944  

Far East Orchard Ltd.

     2,100        2,395  

First Resources Ltd.

     927        1,276  

Geo Energy Resources Ltd.

     5,400        980  

GuocoLand Ltd.

     4,000        5,491  

Ho Bee Land Ltd.

     1,200        2,039  

Hong Fok Corp., Ltd.

     2,100        1,205  

iFAST Corp. Ltd.

     2,000        1,489  

Indofood Agri Resources Ltd.

     3,600        1,255  

Japfa Ltd.

     4,300        2,014  

Keppel Infrastructure Trust

     23,661        9,709  

Keppel Telecommunications & Transportation Ltd.

     1,800        2,268  

KSH Holdings Ltd.

     1,700        1,130  

Lian Beng Group Ltd.

     4,700        2,048  

M1 Ltd.

     615        974  

OUE Ltd.

     2,200        3,132  

Oxley Holdings Ltd.

     5,700        2,401  

Q&M Dental Group Singapore Ltd.

     3,300        1,618  

QAF Ltd.

     2,600        2,398  

Raffles Medical Group Ltd.

     3,600        3,504  

RHT Health Trust

     2,568        1,669  

Sembcorp Marine Ltd.

     2,703        3,229  

Sheng Siong Group Ltd.

     6,500        4,674  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

SIIC Environment Holdings Ltd.

     6,100      $ 2,304  

Singapore Post Ltd.

     9,300        8,983  

Talkmed Group Ltd.

     2,000        973  

UMS Holdings Ltd.

     1,800        1,314  

United Engineers Ltd.

     2,400        4,776  

UPP Holdings Ltd.

     6,000        1,177  

Venture Corp., Ltd.

     708        6,196  

Wheelock Properties Singapore Ltd.

     3,200        4,358  

Wing Tai Holdings Ltd.

     2,200        3,180  

Yanlord Land Group Ltd.

     3,709        4,728  
     

 

 

 
Total Singapore               114,258  
Spain – 1.0%      

Applus Services S.A.

     94        1,181  

Construcciones y Auxiliar de Ferrocarriles S.A.

     61        2,502  

Elecnor S.A.

     183        2,526  

Ence Energia y Celulosa S.A.

     449        1,838  

Euskaltel S.A.(b)

     275        2,922  

Faes Farma S.A.

     831        2,758  

Fluidra S.A.

     154        1,124  

Papeles y Cartones de Europa S.A.

     114        975  

Saeta Yield S.A.

     612        6,911  

Tecnicas Reunidas S.A.

     182        7,030  
     

 

 

 
Total Spain               29,767  
Sweden – 5.1%      

Acando AB

     347        1,086  

AddTech AB Class B

     120        2,283  

AF AB Class B

     203        4,190  

Alimak Group AB(b)

     114        1,892  

Atrium Ljungberg AB Class B

     253        4,214  

Attendo AB(b)

     188        2,289  

Bergman & Beving AB Class B

     89        1,311  

Betsson AB*

     637        5,513  

Bilia AB Class A

     176        1,737  

BioGaia AB Class B

     37        1,502  

Bonava AB Class B

     131        2,238  

Bravida Holding AB(b)

     162        1,182  

Bulten AB

     62        882  

Byggmax Group AB

     391        2,839  

Capio AB(b)

     232        1,417  

Clas Ohlson AB Class B

     285        5,474  

Cloetta AB Class B

     266        1,094  

Com Hem Holding AB

     196        2,719  

Coor Service Management Holding AB(b)

     357        2,540  

Dometic Group AB(b)

     708        6,144  

Duni AB

     262        3,828  

Dustin Group AB(b)

     122        1,013  

Evolution Gaming Group AB(b)

     22        1,149  

Granges AB

     204        1,874  

Gunnebo AB

     306        1,691  

Hemfosa Fastigheter AB

     726        7,833  

HIQ International AB*

     318        2,158  

Intrum Justitia AB(a)

     211        7,155  

Inwido AB

     57        801  

KNOW IT AB

     67      1,031  

Kungsleden AB

     396        2,423  

LeoVegas AB(b)

     150        1,103  

Lifco AB Class B

     101        3,243  

Lindab International AB

     73        795  

Loomis AB Class B

     191        6,839  

Magnolia Bostad AB

     137        1,482  

Mekonomen AB

     89        1,762  

Modern Times Group MTG AB Class B

     263        9,043  

MQ Holding AB

     573        2,235  

Mycronic AB

     248        2,257  

NetEnt AB*

     390        3,405  

New Wave Group AB Class B

     194        1,305  

Nobina AB(b)

     491        2,660  

Nolato AB Class B

     79        2,964  

Nordax Group AB(b)

     399        2,129  

Nordic Waterproofing Holding A/S(b)

     150        1,730  

NP3 Fastigheter AB

     448        2,491  

Paradox Interactive AB

     149        1,215  

Platzer Fastigheter Holding AB Class B

     277        1,683  

Pricer AB Class B

     1,205        1,407  

Ratos AB Class B

     170        810  

Recipharm AB Class B

     97        1,415  

Resurs Holding AB(b)

     1,040        6,449  

Scandic Hotels Group AB(b)

     225        2,921  

Systemair AB

     76        1,325  

Thule Group AB(b)

     65        1,218  

Wihlborgs Fastigheter AB

     271        5,719  
     

 

 

 
Total Sweden               153,107  
Switzerland – 1.4%      

Ascom Holding AG Registered Shares

     153        3,131  

Bobst Group S.A.

     23        2,217  

Daetwyler Holding AG Bearer Shares

     20        3,398  

EFG International AG*

     1,103        7,153  

GAM Holding AG*

     783        10,507  

Implenia AG Registered Shares

     25        1,874  

Kudelski S.A. Bearer Shares

     54        922  

Mobilezone Holding AG Registered Shares

     58        854  

Oriflame Holding AG*

     141        5,293  

Tecan Group AG Registered Shares

     12        2,259  

Valiant Holding AG Registered Shares

     17        1,958  

Zehnder Group AG

     39        1,421  
     

 

 

 
Total Switzerland               40,987  
United Kingdom – 16.5%      

A.G. Barr PLC

     172        1,376  

AA PLC

     2,836        8,399  

Abcam PLC

     127        1,606  

Acacia Mining PLC

     907        3,510  

Acal PLC

     525        2,065  

Ascential PLC

     754        3,169  

AVEVA Group PLC

     60        1,512  

Balfour Beatty PLC

     1,048        3,684  

BCA Marketplace PLC

     2,894        7,312  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      55  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Berendsen PLC

     456      $ 7,286  

BGEO Group PLC

     58        2,632  

Big Yellow Group PLC

     306        3,148  

Bodycote PLC

     378        3,700  

Bovis Homes Group PLC

     256        3,177  

Braemar Shipping Services PLC

     432        1,571  

Brewin Dolphin Holdings PLC

     1,286        5,725  

Britvic PLC

     1,125        10,112  

Card Factory PLC

     203        784  

Central Asia Metals PLC

     1,037        2,963  

Chesnara PLC

     623        3,132  

Cineworld Group PLC

     350        3,192  

Clarkson PLC

     51        1,673  

Clinigen Group PLC

     98        1,096  

Clipper Logistics PLC

     240        1,268  

CMC Markets PLC(b)

     1,723        3,195  

Coats Group PLC

     1,792        1,816  

Communisis PLC

     2,519        1,669  

Concentric AB

     74        1,211  

Consort Medical PLC

     242        3,285  

Costain Group PLC

     452        2,708  

Countryside Properties PLC(b)

     1,075        4,762  

Cranswick PLC

     47        1,712  

Crest Nicholson Holdings PLC

     161        1,095  

Dairy Crest Group PLC(a)

     777        6,046  

De La Rue PLC

     635        5,510  

Dechra Pharmaceuticals PLC

     79        1,745  

Devro PLC

     809        2,170  

Dignity PLC

     111        3,584  

Diploma PLC

     140        2,009  

Domino’s Pizza Group PLC

     1,502        5,734  

Drax Group PLC

     517        2,187  

Dunelm Group PLC

     961        7,509  

Elegant Hotels Group PLC

     1,850        2,199  

Elementis PLC

     2,425        9,264  

EMIS Group PLC

     317        3,794  

Epwin Group PLC

     985        1,407  

Equiniti Group PLC(b)

     1,095        3,552  

Essentra PLC

     852        6,247  

esure Group PLC

     1,942        7,611  

Eurocell PLC

     544        1,855  

Euromoney Institutional Investor PLC

     243        3,387  

FDM Group Holdings PLC

     155        1,529  

Fenner PLC

     744        2,766  

Ferrexpo PLC

     706        1,902  

Fevertree Drinks PLC

     44        974  

Fidessa Group PLC

     65        1,956  

Forterra PLC(b)

     459        1,523  

Games Workshop Group PLC

     239        3,725  

Gamma Communications PLC

     167        1,334  

Gattaca PLC

     389        1,579  

Genus PLC

     44        1,017  

Go-Ahead Group PLC

     158        3,610  

Greggs PLC

     449        6,299  

Halfords Group PLC

     449      1,995  

Hastings Group Holdings PLC(b)

     1,839        7,498  

Helical PLC

     426        1,664  

Henry Boot PLC

     345        1,362  

Hill & Smith Holdings PLC

     125        2,241  

Hilton Food Group PLC

     254        2,435  

Hochschild Mining PLC

     337        1,200  

Ibstock PLC(b)

     1,210        3,860  

J D Wetherspoon PLC

     91        1,153  

James Fisher & Sons PLC

     41        867  

John Laing Group PLC(b)

     470        1,850  

John Menzies PLC

     373        3,416  

Just Group PLC

     172        284  

Kainos Group PLC

     480        1,688  

Kcom Group PLC

     3,159        3,652  

Keller Group PLC

     111        1,266  

Lookers PLC

     1,745        2,601  

Low & Bonar PLC

     1,903        2,101  

Marshalls PLC

     328        1,598  

McBride PLC*

     749        1,822  

McCarthy & Stone PLC(b)

     1,596        3,414  

McColl’s Retail Group PLC

     1,041        2,704  

Mears Group PLC

     514        3,175  

Mitie Group PLC

     1,468        5,274  

Moneysupermarket.com Group PLC

     1,648        7,572  

Morgan Advanced Materials PLC

     639        2,355  

Morgan Sindall Group PLC

     128        2,062  

N Brown Group PLC

     826        3,326  

National Express Group PLC

     2,159        10,275  

NCC Group PLC

     912        1,940  

Northgate PLC

     536        3,085  

Novae Group PLC

     438        3,243  

Numis Corp. PLC

     558        1,774  

On the Beach Group PLC(b)

     174        880  

OneSavings Bank PLC

     328        1,598  

Oxford Instruments PLC

     61        830  

Pagegroup PLC

     1,726        10,667  

Pan African Resources PLC

     9,616        1,717  

PayPoint PLC

     138        1,586  

Pendragon PLC

     7,671        3,089  

Pets at Home Group PLC(a)

     2,512        5,257  

Photo-Me International PLC

     456        980  

Polar Capital Holdings PLC

     558        3,207  

Polypipe Group PLC

     592        2,940  

PZ Cussons PLC

     658        2,925  

QinetiQ Group PLC

     1,806        6,339  

Rank Group PLC

     1,760        5,423  

Redde PLC

     2,169        4,564  

Redrow PLC

     870        6,182  

Ricardo PLC

     153        1,544  

Rotork PLC

     1,939        5,929  

RPS Group PLC

     899        3,060  

RWS Holdings PLC

     317        1,565  

Safestore Holdings PLC

     655        3,585  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Savills PLC

     508      $ 5,797  

SDL PLC

     231        1,869  

Senior PLC

     614        1,871  

Servelec Group PLC

     355        1,388  

Severfield PLC

     1,150        1,158  

Shawbrook Group PLC(b)

     232        1,022  

Soco International PLC

     2,032        3,082  

Softcat PLC

     441        2,259  

Sophos Group PLC(b)

     257        1,480  

Spirent Communications PLC

     833        1,263  

St. Modwen Properties PLC

     530        2,471  

Stock Spirits Group PLC

     1,125        2,484  

SuperGroup PLC

     237        4,602  

Synthomer PLC

     381        2,416  

TalkTalk Telecom Group PLC

     8,018        18,799  

TBC Bank Group PLC

     117        2,407  

Ted Baker PLC

     133        4,129  

Telecom Plus PLC

     137        2,055  

Telit Communications PLC

     310        1,256  

Thomas Cook Group PLC

     1,522        1,778  

Topps Tiles PLC

     1,449        1,553  

TT electronics PLC

     696        1,747  

Tyman PLC

     704        3,242  

Ultra Electronics Holdings PLC

     217        5,773  

Unite Group PLC (The)

     380        3,203  

Utilitywise PLC

     819        761  

Vedanta Resources PLC

     1,190        9,924  

Vesuvius PLC

     597        4,114  

Victrex PLC

     183        4,459  

Volution Group PLC

     819        2,037  

Watkin Jones PLC

     794        2,045  

WH Smith PLC

     403        8,978  

Wincanton PLC

     502        1,630  

WS Atkins PLC

     105        2,838  

ZPG PLC(b)

     646        3,036  
     

 

 

 
Total United Kingdom               497,114  

TOTAL COMMON STOCKS

(Cost: $2,747,643)

              3,010,456  
RIGHTS – 0.0%      
Australia – 0.0%      

Collins Foods Ltd., expiring 7/12/17*

     25        26  

Link Administration Holdings Ltd., expiring 7/17/17*

     239        210  
     

 

 

 
Total Australia               236  
New Zealand – 0.0%      

Kiwi Property Group Ltd., expiring 7/10/17*

     497        19  

TOTAL RIGHTS

(Cost: $0)

              255  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3%  
United States – 2.3%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c)

     
(Cost: $70,484)(d)      70,484      $ 70,484  

TOTAL INVESTMENTS IN SECURITIES – 102.3%

(Cost: $2,818,127)

        3,081,195  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (2.3)%

        (68,994
     

 

 

 
NET ASSETS – 100.0%             $ 3,012,201  
 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $96, which represents less than 0.01% of net assets.

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(d) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $80,353 and the total market value of the collateral held by the Fund was $85,243. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,759.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  
Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    AUD       24,054       USD       17,898     $ (553

7/5/2017

    AUD       24,055       USD       17,898       (554

7/5/2017

    AUD       24,062       USD       17,898       (559

7/5/2017

    AUD       24,056       USD       17,898       (554

7/5/2017

    AUD       18,329       USD       13,637       (422

7/5/2017

    AUD       115,470       USD       85,222       (3,349

7/5/2017

    CHF       3,451       USD       3,575       (29

7/5/2017

    CHF       3,451       USD       3,575       (29

7/5/2017

    CHF       3,452       USD       3,575       (29

7/5/2017

    CHF       3,451       USD       3,575       (29

7/5/2017

    CHF       2,633       USD       2,727       (22

7/5/2017

    CHF       16,475       USD       17,026       (178

7/5/2017

    DKK       9,424       USD       1,427       (19

7/5/2017

    DKK       9,423       USD       1,427       (18

7/5/2017

    DKK       9,423       USD       1,427       (19

7/5/2017

    DKK       9,423       USD       1,427       (19

7/5/2017

    DKK       7,185       USD       1,088       (14

7/5/2017

    DKK       44,965       USD       6,796       (102

7/5/2017

    EUR       21,583       USD       24,313       (303

7/5/2017

    EUR       21,583       USD       24,313       (303

7/5/2017

    EUR       21,582       USD       24,313       (303

7/5/2017

    EUR       21,586       USD       24,313       (307

7/5/2017

    EUR       16,448       USD       18,528       (231

7/5/2017

    EUR       102,970       USD       115,771       (1,671

7/5/2017

    GBP       19,086       USD       24,666       (126

7/5/2017

    GBP       19,086       USD       24,666       (126

7/5/2017

    GBP       19,087       USD       24,666       (127

7/5/2017

    GBP       19,086       USD       24,666       (126

7/5/2017

    GBP       14,544       USD       18,795       (97

7/5/2017

    GBP       90,953       USD       117,449       (694

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      57  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    ILS       16,236       USD       4,592     $ (60

7/5/2017

    ILS       16,236       USD       4,592       (61

7/5/2017

    ILS       16,238       USD       4,592       (61

7/5/2017

    ILS       16,237       USD       4,592       (61

7/5/2017

    ILS       12,392       USD       3,503       (48

7/5/2017

    ILS       77,596       USD       21,870       (366

7/5/2017

    JPY       367,535       AUD       4,250       (11

7/5/2017

    JPY       35,074       CHF       299        

7/5/2017

    JPY       21,248       DKK       1,230        

7/5/2017

    JPY       32,111       EUR       250       (1

7/5/2017

    JPY       36,627       GBP       250       (1

7/5/2017

    JPY       42,542       ILS       1,320        

7/5/2017

    JPY       56,885       NOK       4,220       (3

7/5/2017

    JPY       182,912       NZD       2,220       (2

7/5/2017

    JPY       259,459       SEK       19,425       (6

7/5/2017

    JPY       24,503       SGD       300        

7/5/2017

    JPY       7,901,506       USD       71,556       1,233  

7/5/2017

    JPY       7,901,413       USD       71,556       1,234  

7/5/2017

    JPY       7,902,172       USD       71,556       1,227  

7/5/2017

    JPY       7,901,456       USD       71,556       1,233  

7/5/2017

    JPY       6,020,549       USD       54,523       940  

7/5/2017

    JPY       37,854,775       USD       340,720       3,814  

7/5/2017

    NOK       79,569       USD       9,452       (47

7/5/2017

    NOK       79,573       USD       9,452       (47

7/5/2017

    NOK       79,574       USD       9,452       (47

7/5/2017

    NOK       79,571       USD       9,452       (47

7/5/2017

    NOK       60,664       USD       7,206       (36

7/5/2017

    NOK       379,919       USD       45,010       (345

7/5/2017

    NZD       7,453       USD       5,286       (171

7/5/2017

    NZD       7,453       USD       5,286       (171

7/5/2017

    NZD       7,453       USD       5,286       (171

7/5/2017

    NZD       7,453       USD       5,286       (171

7/5/2017

    NZD       5,681       USD       4,029       (131

7/5/2017

    NZD       35,628       USD       25,171       (916

7/5/2017

    SEK       77,093       USD       8,904       (236

7/5/2017

    SEK       77,094       USD       8,904       (236

7/5/2017

    SEK       77,092       USD       8,904       (236

7/5/2017

    SEK       77,093       USD       8,904       (236

7/5/2017

    SEK       58,748       USD       6,785       (180

7/5/2017

    SEK       367,791       USD       42,398       (1,207

7/5/2017

    SGD       6,006       USD       4,343       (19

7/5/2017

    SGD       6,006       USD       4,343       (19

7/5/2017

    SGD       6,006       USD       4,343       (19

7/5/2017

    SGD       6,006       USD       4,343       (19

7/5/2017

    SGD       4,577       USD       3,310       (15

7/5/2017

    SGD       28,656       USD       20,681       (132

7/5/2017

    USD       1,321       AUD       1,741       14  

7/5/2017

    USD       35,517       AUD       46,302       (1

7/5/2017

    USD       27,062       AUD       35,280        

7/5/2017

    USD       35,517       AUD       46,302       (1

7/5/2017

    USD       35,517       AUD       46,302       (1

7/5/2017

    USD       35,517       AUD       46,303        

7/5/2017

    USD       264       CHF       256       3  

7/5/2017

    USD       7,095       CHF       6,795        

7/5/2017

    USD       5,409       CHF       5,180        

7/5/2017

    USD       7,095       CHF       6,794        

7/5/2017

    USD       7,095       CHF       6,795        

7/5/2017

    USD       7,095       CHF       6,795        

7/5/2017

    USD       105       DKK       697     2  

7/5/2017

    USD       2,832       DKK       18,462        

7/5/2017

    USD       2,159       DKK       14,074        

7/5/2017

    USD       2,832       DKK       18,462        

7/5/2017

    USD       2,832       DKK       18,462        

7/5/2017

    USD       2,832       DKK       18,461        

7/5/2017

    USD       1,794       EUR       1,601       32  

7/5/2017

    USD       48,248       EUR       42,301       (1

7/5/2017

    USD       36,765       EUR       32,234       (1

7/5/2017

    USD       48,248       EUR       42,301       (1

7/5/2017

    USD       48,248       EUR       42,301       (1

7/5/2017

    USD       48,248       EUR       42,302        

7/5/2017

    USD       1,820       GBP       1,428       35  

7/5/2017

    USD       48,948       GBP       37,682       (1

7/5/2017

    USD       37,296       GBP       28,712       (1

7/5/2017

    USD       48,948       GBP       37,682       (2

7/5/2017

    USD       48,948       GBP       37,682       (1

7/5/2017

    USD       48,948       GBP       37,683        

7/5/2017

    USD       339       ILS       1,194       3  

7/5/2017

    USD       9,114       ILS       31,806        

7/5/2017

    USD       6,946       ILS       24,240        

7/5/2017

    USD       9,114       ILS       31,807        

7/5/2017

    USD       9,114       ILS       31,806        

7/5/2017

    USD       9,114       ILS       31,805        

7/5/2017

    USD       5,281       JPY       588,106       (47

7/5/2017

    USD       141,999       JPY       15,955,433       4  

7/5/2017

    USD       108,190       JPY       12,156,444       2  

7/5/2017

    USD       141,999       JPY       15,955,490       4  

7/5/2017

    USD       141,999       JPY       15,955,405       4  

7/5/2017

    USD       141,999       JPY       15,955,007        

7/5/2017

    USD       698       NOK       5,917       8  

7/5/2017

    USD       18,758       NOK       157,133        

7/5/2017

    USD       14,294       NOK       119,738        

7/5/2017

    USD       18,758       NOK       157,134       1  

7/5/2017

    USD       18,758       NOK       157,133        

7/5/2017

    USD       18,758       NOK       157,129        

7/5/2017

    USD       390       NZD       534       1  

7/5/2017

    USD       10,490       NZD       14,326        

7/5/2017

    USD       7,994       NZD       10,918        

7/5/2017

    USD       10,490       NZD       14,326        

7/5/2017

    USD       10,490       NZD       14,326        

7/5/2017

    USD       10,490       NZD       14,327        

7/5/2017

    USD       657       SEK       5,721       21  

7/5/2017

    USD       17,669       SEK       149,034        

7/5/2017

    USD       13,466       SEK       113,581        

7/5/2017

    USD       17,669       SEK       149,035       1  

7/5/2017

    USD       17,669       SEK       149,034        

7/5/2017

    USD       17,669       SEK       149,030        

7/5/2017

    USD       321       SGD       445       2  

7/5/2017

    USD       8,618       SGD       11,865        

7/5/2017

    USD       6,570       SGD       9,046        

7/5/2017

    USD       8,618       SGD       11,865        

7/5/2017

    USD       8,618       SGD       11,865        

7/5/2017

    USD       8,618       SGD       11,866        

8/2/2017

    AUD       18,264       USD       14,005        

8/2/2017

    AUD       13,920       USD       10,674        

8/2/2017

    AUD       18,264       USD       14,005        

8/2/2017

    AUD       18,264       USD       14,005        

 

See Notes to Financial Statements.

 

58   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2017

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

8/2/2017

    AUD       18,265       USD       14,005     $  

8/2/2017

    DKK       21,324       USD       3,276        

8/2/2017

    DKK       16,260       USD       2,498        

8/2/2017

    DKK       21,325       USD       3,276        

8/2/2017

    DKK       21,324       USD       3,276        

8/2/2017

    DKK       21,324       USD       3,276        

8/2/2017

    EUR       35,609       USD       40,673       1  

8/2/2017

    EUR       27,133       USD       30,991        

8/2/2017

    EUR       35,610       USD       40,673        

8/2/2017

    EUR       35,609       USD       40,673       1  

8/2/2017

    EUR       35,610       USD       40,673        

8/2/2017

    GBP       41,143       USD       53,490       1  

8/2/2017

    GBP       31,349       USD       40,757        

8/2/2017

    GBP       41,143       USD       53,490        

8/2/2017

    GBP       41,142       USD       53,490       1  

8/2/2017

    GBP       41,143       USD       53,490        

8/2/2017

    NOK       161,927       USD       19,341       (1

8/2/2017

    NOK       123,395       USD       14,739        

8/2/2017

    NOK       161,926       USD       19,341       (1

8/2/2017

    NOK       161,926       USD       19,341       (1

8/2/2017

    NOK       161,923       USD       19,341        

8/2/2017

    NZD       6,459       USD       4,727        

8/2/2017

    NZD       4,926       USD       3,605        

8/2/2017

    NZD       6,459       USD       4,727        

8/2/2017

    NZD       6,459       USD       4,727        

8/2/2017

    NZD       6,459       USD       4,727        

8/2/2017

    SEK       140,484       USD       16,681       (1

8/2/2017

    SEK       107,056       USD       12,712        

8/2/2017

    SEK       140,486       USD       16,681       (1

8/2/2017

    SEK       140,484       USD       16,681       (1

8/2/2017

    SEK       140,482       USD       16,681        

8/3/2017

    CHF       4,946       USD       5,174        

8/3/2017

    CHF       3,769       USD       3,943        

8/3/2017

    CHF       4,946       USD       5,174        

8/3/2017

    CHF       4,946       USD       5,174        

8/3/2017

    CHF       4,946       USD       5,174        

8/3/2017

    ILS       35,525       USD       10,190       (1

8/3/2017

    ILS       27,077       USD       7,767        

8/3/2017

    ILS       35,525       USD       10,190       (1

8/3/2017

    ILS       35,526       USD       10,190       (1

8/3/2017

    ILS       35,525       USD       10,190       (1

8/3/2017

    JPY       15,012,106       USD       133,764       (5

8/3/2017

    JPY       11,437,818       USD       101,917       (2

8/3/2017

    JPY       15,012,387       USD       133,764       (7

8/3/2017

    JPY       15,012,092       USD       133,764       (5

8/3/2017

    JPY       15,011,557       USD       133,764        

8/3/2017

    SGD       16,727       USD       12,154        

8/3/2017

    SGD       12,750       USD       9,264        

8/3/2017

    SGD       16,727       USD       12,154        

8/3/2017

    SGD       16,728       USD       12,154       (1

8/3/2017

    SGD       16,728       USD       12,154       (1
                                    $ (6,715

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

ILS – Israeli New shekel

JPY – Japanese yen

NOK – Norwegian krone

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      59  


Table of Contents

Schedule of Investments

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Japan – 99.6%      
Air Freight & Logistics – 0.1%      

Kintetsu World Express, Inc.

     100      $ 1,764  

Yamato Holdings Co., Ltd.

     100        2,028  
     

 

 

 
Total Air Freight & Logistics               3,792  
Airlines – 0.5%      

ANA Holdings, Inc.

     2,000        6,949  

Japan Airlines Co., Ltd.

     200        6,184  
     

 

 

 
Total Airlines               13,133  
Auto Components – 3.6%      

Aisan Industry Co., Ltd.

     400        3,161  

Aisin Seiki Co., Ltd.

     200        10,235  

Bridgestone Corp.

     700        30,153  

Daido Metal Co., Ltd.

     300        2,716  

Denso Corp.

     500        21,102  

Eagle Industry Co., Ltd.

     200        3,373  

NGK Spark Plug Co., Ltd.

     100        2,126  

Stanley Electric Co., Ltd.

     100        3,017  

Sumitomo Electric Industries Ltd.

     500        7,699  

Sumitomo Rubber Industries Ltd.(a)

     300        5,062  

Toyo Tire & Rubber Co., Ltd.

     100        2,037  

Toyoda Gosei Co., Ltd.

     100        2,384  

Toyota Boshoku Corp.

     100        1,876  

TS Tech Co., Ltd.

     100        2,910  

Yokohama Rubber Co., Ltd. (The)

     100        2,007  
     

 

 

 
Total Auto Components               99,858  
Automobiles – 10.6%      

Honda Motor Co., Ltd.

     1,500        40,904  

Isuzu Motors Ltd.

     600        7,401  

Mazda Motor Corp.

     400        5,582  

Mitsubishi Motors Corp.

     200        1,317  

Nissan Motor Co., Ltd.

     5,500        54,726  

Subaru Corp.

     800        26,956  

Suzuki Motor Corp.

     200        9,488  

Toyota Motor Corp.

     2,630        137,937  

Yamaha Motor Co., Ltd.

     300        7,738  
     

 

 

 
Total Automobiles               292,049  
Banks – 9.3%      

Aozora Bank Ltd.

     2,000        7,618  

Chugoku Bank Ltd. (The)

     100        1,495  

Concordia Financial Group Ltd.

     1,000        5,043  

Ehime Bank Ltd. (The)

     300        3,778  

Fukui Bank Ltd. (The)

     1,000        2,501  

Fukuoka Financial Group, Inc.

     1,000        4,753  

Gunma Bank Ltd. (The)

     500        2,999  

Hachijuni Bank Ltd. (The)

     600        3,807  

Hokuhoku Financial Group, Inc.

     200        3,188  

Iyo Bank Ltd. (The)

     400        3,311  

Kyushu Financial Group, Inc.

     400        2,524  

Mebuki Financial Group, Inc.

     1,070        3,981  

Mitsubishi UFJ Financial Group, Inc.

     10,200        68,521  

Mizuho Financial Group, Inc.

     25,500      46,615  

Musashino Bank Ltd. (The)

     100        3,066  

Nishi-Nippon Financial Holdings, Inc.

     200        2,075  

North Pacific Bank Ltd.

     800        2,798  

Oita Bank Ltd. (The)

     1,000        3,845  

Resona Holdings, Inc.

     2,400        13,211  

Seven Bank Ltd.

     700        2,504  

Sumitomo Mitsui Financial Group, Inc.

     1,400        54,562  

Sumitomo Mitsui Trust Holdings, Inc.

     300        10,731  

Suruga Bank Ltd.

     100        2,423  
     

 

 

 
Total Banks               255,349  
Beverages – 1.3%      

Asahi Group Holdings Ltd.

     200        7,526  

Coca-Cola Bottlers Japan, Inc.

     250        7,231  

Kirin Holdings Co., Ltd.

     600        12,223  

Suntory Beverage & Food Ltd.

     200        9,292  
     

 

 

 
Total Beverages               36,272  
Building Products – 1.5%      

Aica Kogyo Co., Ltd.

     200        6,088  

Asahi Glass Co., Ltd.

     200        8,419  

Daikin Industries Ltd.

     100        10,208  

LIXIL Group Corp.

     300        7,500  

Sanwa Holdings Corp.

     400        4,215  

TOTO Ltd.

     100        3,818  
     

 

 

 
Total Building Products               40,248  
Capital Markets – 2.1%      

Daiwa Securities Group, Inc.

     2,000        11,851  

Ichigo, Inc.(a)

     1,100        3,280  

Ichiyoshi Securities Co., Ltd.

     300        2,518  

IwaiCosmo Holdings, Inc.

     200        2,204  

Japan Exchange Group, Inc.

     600        10,867  

kabu.com Securities Co., Ltd.

     600        2,018  

Matsui Securities Co., Ltd.

     300        2,446  

Nomura Holdings, Inc.

     2,900        17,380  

SBI Holdings, Inc.

     200        2,709  

Tokai Tokyo Financial Holdings, Inc.

     600        3,327  
     

 

 

 
Total Capital Markets               58,600  
Chemicals – 4.2%      

Asahi Kasei Corp.

     1,000        10,747  

Daicel Corp.

     200        2,487  

Hitachi Chemical Co., Ltd.

     100        2,982  

JSR Corp.

     200        3,448  

Kansai Paint Co., Ltd.

     200        4,601  

Kuraray Co., Ltd.

     500        9,069  

Mitsubishi Chemical Holdings Corp.

     1,000        8,278  

Mitsubishi Gas Chemical Co., Inc.

     200        4,227  

Nihon Parkerizing Co., Ltd.

     300        4,467  

Nippon Paint Holdings Co., Ltd.

     100        3,782  

Nippon Valqua Industries Ltd.

     200        3,959  

Nissan Chemical Industries Ltd.

     100        3,302  

Nitto Denko Corp.

     100        8,224  

Shin-Etsu Chemical Co., Ltd.

     200        18,129  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Showa Denko K.K.

     200      $ 4,639  

Sumitomo Chemical Co., Ltd.

     1,000        5,749  

Taiyo Nippon Sanso Corp.

     200        2,245  

Teijin Ltd.

     100        1,923  

Toagosei Co., Ltd.

     300        3,898  

Toray Industries, Inc.

     600        5,021  

Toyobo Co., Ltd.

     1,000        1,833  

Ube Industries Ltd.

     1,000        2,572  
     

 

 

 
Total Chemicals               115,582  
Commercial Services & Supplies – 0.8%      

Dai Nippon Printing Co., Ltd.

     1,000        11,107  

Kokuyo Co., Ltd.

     200        2,729  

Okamura Corp.

     200        1,898  

Secom Co., Ltd.

     100        7,587  
     

 

 

 
Total Commercial Services & Supplies               23,321  
Construction & Engineering – 1.5%      

COMSYS Holdings Corp.

     200        4,117  

Kajima Corp.

     1,000        8,437  

Kinden Corp.

     400        6,444  

Kyowa Exeo Corp.

     200        3,362  

Obayashi Corp.

     500        5,879  

Raito Kogyo Co., Ltd.

     200        2,115  

Taikisha Ltd.

     100        2,638  

Taisei Corp.

     1,000        9,131  
     

 

 

 
Total Construction & Engineering               42,123  
Construction Materials – 0.1%      

Taiheiyo Cement Corp.

     1,000        3,640  
Consumer Finance – 0.1%      

J Trust Co., Ltd.

     400        3,151  
Containers & Packaging – 0.1%      

Toyo Seikan Group Holdings Ltd.

     200        3,375  
Distributors – 0.2%      

Canon Marketing Japan, Inc.

     100        2,275  

Paltac Corp.

     100        3,368  
     

 

 

 
Total Distributors               5,643  
Diversified Consumer Services – 0.3%      

Benesse Holdings, Inc.

     200        7,547  
Diversified Telecommunication Services – 2.2%      

Nippon Telegraph & Telephone Corp.

     1,300        61,436  
Electric Utilities – 0.9%      

Chubu Electric Power Co., Inc.

     300        3,985  

Chugoku Electric Power Co., Inc. (The)

     400        4,411  

Hokkaido Electric Power Co., Inc.

     400        3,047  

Hokuriku Electric Power Co.(a)

     300        2,705  

Kansai Electric Power Co., Inc. (The)

     300        4,130  

Kyushu Electric Power Co., Inc.

     100        1,214  

Shikoku Electric Power Co., Inc.

     200        2,357  

Tohoku Electric Power Co., Inc.

     200        2,768  
     

 

 

 
Total Electric Utilities               24,617  
Electrical Equipment – 1.3%      

Idec Corp.

     400      5,197  

Mitsubishi Electric Corp.

     1,000        14,378  

Nidec Corp.

     100        10,244  

Nitto Kogyo Corp.

     300        4,734  
     

 

 

 
Total Electrical Equipment               34,553  
Electronic Equipment, Instruments & Components – 2.8%  

Alps Electric Co., Ltd.

     100        2,884  

Amano Corp.

     100        2,082  

Azbil Corp.

     100        3,800  

Canon Electronics, Inc.

     300        6,138  

Dexerials Corp.

     200        1,954  

Hamamatsu Photonics K.K.

     100        3,071  

Hitachi High-Technologies Corp.

     100        3,880  

Hitachi Ltd.

     3,000        18,407  

Macnica Fuji Electronics Holdings, Inc.

     100        1,461  

Murata Manufacturing Co., Ltd.

     100        15,192  

Nohmi Bosai Ltd.

     200        2,880  

Oki Electric Industry Co., Ltd.

     100        1,417  

Omron Corp.

     100        4,339  

Satori Electric Co., Ltd.

     300        2,229  

Yaskawa Electric Corp.

     200        4,238  

Yokogawa Electric Corp.

     200        3,206  
     

 

 

 
Total Electronic Equipment, Instruments & Components        77,178  
Food & Staples Retailing – 1.9%      

Aeon Co., Ltd.

     400        6,077  

Aeon Hokkaido Corp.

     1,000        5,402  

Arcs Co., Ltd.

     100        2,164  

Cawachi Ltd.

     100        2,418  

FamilyMart UNY Holdings Co., Ltd.

     55        3,147  

Lawson, Inc.

     100        6,995  

Seven & I Holdings Co., Ltd.

     400        16,476  

United Super Markets Holdings, Inc.

     300        3,172  

Valor Holdings Co., Ltd.

     100        2,270  

Yokohama Reito Co., Ltd.(a)

     300        2,830  
     

 

 

 
Total Food & Staples Retailing               50,951  
Food Products – 1.0%      

Ajinomoto Co., Inc.

     200        4,319  

Hokuto Corp.

     200        3,516  

Itoham Yonekyu Holdings, Inc.

     200        1,814  

Kewpie Corp.

     100        2,625  

MEIJI Holdings Co., Ltd.

     100        8,108  

Toyo Suisan Kaisha Ltd.

     100        3,831  

Yamazaki Baking Co., Ltd.

     100        1,993  
     

 

 

 
Total Food Products               26,206  
Gas Utilities – 0.6%      

Osaka Gas Co., Ltd.

     1,000        4,090  

Saibu Gas Co., Ltd.

     1,000        2,358  

Tokyo Gas Co., Ltd.

     2,000        10,400  
     

 

 

 
Total Gas Utilities               16,848  
Health Care Equipment & Supplies – 0.7%      

Hoya Corp.

     200        10,383  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      61  


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Nihon Kohden Corp.

     100      $ 2,308  

Nipro Corp.

     200        2,608  

Terumo Corp.

     100        3,938  
     

 

 

 
Total Health Care Equipment & Supplies               19,237  
Health Care Providers & Services – 0.7%      

Alfresa Holdings Corp.

     100        1,929  

BML, Inc.

     200        3,889  

Medipal Holdings Corp.

     200        3,699  

Miraca Holdings, Inc.

     100        4,495  

Toho Holdings Co., Ltd.

     200        3,937  
     

 

 

 
Total Health Care Providers & Services               17,949  
Hotels, Restaurants & Leisure – 0.5%      

McDonald’s Holdings Co., Japan Ltd.

     100        3,836  

Resorttrust, Inc.

     100        1,842  

Round One Corp.

     300        2,841  

Skylark Co., Ltd.

     200        2,873  

Tokyo Dome Corp.

     300        2,713  
     

 

 

 
Total Hotels, Restaurants & Leisure               14,105  
Household Durables – 2.6%      

Casio Computer Co., Ltd.

     200        3,074  

Fuji Corp., Ltd.

     400        2,659  

Haseko Corp.

     200        2,428  

Iida Group Holdings Co., Ltd.

     300        4,996  

Nihon House Holdings Co., Ltd.

     600        2,825  

Nikon Corp.

     200        3,197  

Panasonic Corp.

     1,700        23,058  

Sangetsu Corp.

     100        1,735  

Sekisui Chemical Co., Ltd.

     300        5,369  

Sekisui House Ltd.

     600        10,571  

Sony Corp.

     200        7,629  

Sumitomo Forestry Co., Ltd.

     200        3,143  
     

 

 

 
Total Household Durables               70,684  
Household Products – 0.3%      

Pigeon Corp.

     100        3,622  

Unicharm Corp.

     200        5,023  
     

 

 

 
Total Household Products               8,645  
Independent Power & Renewable Electricity Producers – 0.1%  

Electric Power Development Co., Ltd.

     100        2,472  
Industrial Conglomerates – 0.2%      

Nisshinbo Holdings, Inc.

     100        1,015  

Seibu Holdings, Inc.

     200        3,697  
     

 

 

 
Total Industrial Conglomerates               4,712  
Insurance – 5.2%      

Dai-ichi Life Holdings, Inc.

     800        14,429  

Japan Post Holdings Co., Ltd.

     4,300        53,348  

Japan Post Insurance Co., Ltd.

     400        8,822  

MS&AD Insurance Group Holdings, Inc.

     500        16,794  

Sompo Holdings, Inc.

     300        11,585  

Sony Financial Holdings, Inc.

     300        5,111  

T&D Holdings, Inc.

     500        7,607  

Tokio Marine Holdings, Inc.

     600      24,836  
     

 

 

 
Total Insurance               142,532  
Internet & Catalog Retail – 0.2%      

Rakuten, Inc.

     300        3,530  

Start Today Co., Ltd.

     100        2,461  
     

 

 

 
Total Internet & Catalog Retail               5,991  
Internet Software & Services – 0.8%      

GMO Internet, Inc.

     200        2,597  

Mixi, Inc.

     100        5,563  

Yahoo Japan Corp.

     2,900        12,621  
     

 

 

 
Total Internet Software & Services               20,781  
IT Services – 1.2%      

Fujitsu Ltd.

     1,000        7,367  

Itochu Techno-Solutions Corp.

     100        3,498  

Nomura Research Institute Ltd.

     220        8,664  

NS Solutions Corp.

     100        2,376  

NTT Data Corp.

     500        5,563  

Otsuka Corp.

     100        6,203  
     

 

 

 
Total IT Services               33,671  
Leisure Products – 0.6%      

Bandai Namco Holdings, Inc.

     200        6,817  

Sankyo Co., Ltd.

     100        3,391  

Sega Sammy Holdings, Inc.

     300        4,037  

Yamaha Corp.

     100        3,453  
     

 

 

 
Total Leisure Products               17,698  
Machinery – 5.4%      

Aichi Corp.

     400        2,777  

Alinco, Inc.

     500        4,980  

Amada Holdings Co., Ltd.

     500        5,776  

Daifuku Co., Ltd.

     100        2,986  

DMG Mori Co., Ltd.

     100        1,640  

Ebara Corp.

     100        2,768  

FANUC Corp.

     100        19,273  

Giken Ltd.

     200        5,349  

Hino Motors Ltd.

     300        3,329  

Hitachi Construction Machinery Co., Ltd.

     200        4,996  

JTEKT Corp.

     100        1,461  

Komatsu Ltd.

     800        20,324  

Kubota Corp.

     600        10,079  

Kurita Water Industries Ltd.

     200        5,447  

Makita Corp.

     100        3,698  

MINEBEA MITSUMI, Inc.

     300        4,819  

Mitsubishi Heavy Industries Ltd.

     2,000        8,184  

Miura Co., Ltd.

     200        3,895  

Morita Holdings Corp.

     200        3,133  

Nabtesco Corp.

     100        2,906  

NGK Insulators Ltd.

     100        1,993  

Noritake Co., Ltd.

     100        3,422  

NSK Ltd.

     600        7,492  

NTN Corp.

     1,000        4,610  

Sodick Co., Ltd.

     200        2,323  

Sumitomo Heavy Industries Ltd.

     1,000        6,595  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Tadano Ltd.

     200      $ 2,401  

THK Co., Ltd.

     100        2,830  
     

 

 

 
Total Machinery               149,486  
Marine – 0.1%      

Mitsui OSK Lines Ltd.

     1,000        2,937  
Media – 0.7%      

CyberAgent, Inc.

     100        3,102  

Dentsu, Inc.

     100        4,779  

Hakuhodo DY Holdings, Inc.

     300        3,981  

Kadokawa Dwango*

     200        2,584  

Toho Co., Ltd.

     200        6,159  
     

 

 

 
Total Media               20,605  
Metals & Mining – 1.4%      

Godo Steel Ltd.

     200        3,560  

Hitachi Metals Ltd.

     300        4,170  

JFE Holdings, Inc.

     300        5,208  

Kyoei Steel Ltd.

     200        3,313  

Mitsubishi Materials Corp.

     200        6,052  

Nippon Light Metal Holdings Co., Ltd.

     1,500        3,564  

Nippon Steel & Sumitomo Metal Corp.

     500        11,294  
     

 

 

 
Total Metals & Mining               37,161  
Multiline Retail – 0.2%      

J. Front Retailing Co., Ltd.

     200        3,069  

Marui Group Co., Ltd.

     200        2,947  
     

 

 

 
Total Multiline Retail               6,016  
Oil, Gas & Consumable Fuels – 0.8%      

Idemitsu Kosan Co., Ltd.

     100        2,839  

JXTG Holdings, Inc.

     2,850        12,447  

Showa Shell Sekiyu K.K.

     600        5,564  
     

 

 

 
Total Oil, Gas & Consumable Fuels               20,850  
Paper & Forest Products – 0.3%      

Nippon Paper Industries Co., Ltd.

     200        4,096  

Oji Holdings Corp.

     1,000        5,162  
     

 

 

 
Total Paper & Forest Products               9,258  
Personal Products – 0.8%      

Artnature, Inc.

     400        2,577  

Fancl Corp.

     100        1,838  

Kao Corp.

     200        11,876  

Pola Orbis Holdings, Inc.

     100        2,636  

Shiseido Co., Ltd.

     100        3,555  
     

 

 

 
Total Personal Products               22,482  
Pharmaceuticals – 5.3%      

Astellas Pharma, Inc.

     1,600        19,573  

Chugai Pharmaceutical Co., Ltd.

     300        11,227  

Daiichi Sankyo Co., Ltd.

     500        11,779  

Eisai Co., Ltd.

     200        11,045  

KYORIN Holdings, Inc.

     100        2,218  

Kyowa Hakko Kirin Co., Ltd.

     200        3,715  

Mitsubishi Tanabe Pharma Corp.

     400        9,242  

Nichi-iko Pharmaceutical Co., Ltd.

     200        3,118  

Ono Pharmaceutical Co., Ltd.

     300        6,544  

Otsuka Holdings Co., Ltd.

     300      12,789  

Sawai Pharmaceutical Co., Ltd.

     100        5,616  

Shionogi & Co., Ltd.

     100        5,570  

Sumitomo Dainippon Pharma Co., Ltd.

     200        2,729  

Takeda Pharmaceutical Co., Ltd.

     800        40,648  
     

 

 

 
Total Pharmaceuticals               145,813  
Professional Services – 0.5%      

Recruit Holdings Co., Ltd.

     600        10,311  

TechnoPro Holdings, Inc.

     100        4,023  
     

 

 

 
Total Professional Services               14,334  
Real Estate Management & Development – 2.5%      

Aeon Mall Co., Ltd.

     200        3,937  

Airport Facilities Co., Ltd.

     500        2,714  

Daito Trust Construction Co., Ltd.

     100        15,571  

Daiwa House Industry Co., Ltd.

     500        17,079  

Hulic Co., Ltd.

     300        3,062  

Mitsubishi Estate Co., Ltd.

     200        3,726  

Mitsui Fudosan Co., Ltd.

     300        7,157  

Nomura Real Estate Holdings, Inc.

     100        1,962  

NTT Urban Development Corp.

     200        1,930  

Sun Frontier Fudousan Co., Ltd.

     300        3,012  

Takara Leben Co., Ltd.

     700        3,140  

Tokyo Tatemono Co., Ltd.

     200        2,620  

Tokyu Fudosan Holdings Corp.

     500        2,955  
     

 

 

 
Total Real Estate Management & Development               68,865  
Road & Rail – 1.6%      

East Japan Railway Co.

     200        19,126  

Hankyu Hanshin Holdings, Inc.

     200        7,191  

Nikkon Holdings Co., Ltd.

     200        4,621  

Seino Holdings Co., Ltd.

     400        5,315  

Senko Group Holdings Co., Ltd.

     300        1,949  

West Japan Railway Co.

     100        7,063  
     

 

 

 
Total Road & Rail               45,265  
Semiconductors & Semiconductor Equipment – 0.9%      

Advantest Corp.

     200        3,421  

Mimasu Semiconductor Industry Co., Ltd.

     100        1,506  

Sumco Corp.

     200        2,896  

Tokyo Electron Ltd.

     100        13,493  

Tokyo Seimitsu Co., Ltd.

     100        3,217  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               24,533  
Software – 1.3%      

Nintendo Co., Ltd.

     50        16,768  

NSD Co., Ltd.

     300        5,404  

Oracle Corp.

     100        6,488  

Square Enix Holdings Co., Ltd.

     100        3,275  

Trend Micro, Inc.

     100        5,153  
     

 

 

 
Total Software               37,088  
Specialty Retail – 1.8%      

ABC-Mart, Inc.

     100        5,883  

Aoyama Trading Co., Ltd.

     100        3,564  

DCM Holdings Co., Ltd.

     200        1,753  

Fast Retailing Co., Ltd.

     25        8,326  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      63  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Geo Holdings Corp.

     300      $ 3,111  

K’s Holdings Corp.

     100        1,954  

Kohnan Shoji Co., Ltd.

     100        1,863  

Nishimatsuya Chain Co., Ltd.

     300        3,076  

Sac’s Bar Holdings, Inc.

     300        3,367  

Sanrio Co., Ltd.

     100        1,962  

T-Gaia Corp.

     100        1,897  

USS Co., Ltd.

     300        5,962  

Yamada Denki Co., Ltd.

     800        3,973  

Yellow Hat Ltd.

     100        2,385  
     

 

 

 
Total Specialty Retail               49,076  
Technology Hardware, Storage & Peripherals – 3.1%      

Brother Industries Ltd.

     200        4,616  

Canon, Inc.

     1,600        54,340  

FUJIFILM Holdings Corp.

     200        7,191  

Konica Minolta, Inc.

     100        830  

NEC Corp.

     2,000        5,304  

Ricoh Co., Ltd.

     500        4,414  

Seiko Epson Corp.

     400        8,896  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               85,591  
Textiles, Apparel & Luxury Goods – 0.1%      

Yondoshi Holdings, Inc.

     100        2,493  
Tobacco – 2.3%      

Japan Tobacco, Inc.

     1,800        63,231  
Trading Companies & Distributors – 5.2%      

ITOCHU Corp.

     1,600        23,767  

Marubeni Corp.

     1,900        12,273  

MISUMI Group, Inc.

     200        4,567  

Mitsubishi Corp.

     1,600        33,549  

Mitsui & Co., Ltd.

     2,300        32,864  

Sojitz Corp.

     1,100        2,702  

Sumitomo Corp.

     1,500        19,518  

Toyota Tsusho Corp.

     200        5,990  

Yamazen Corp.

     500        5,069  

Yuasa Trading Co., Ltd.

     100        3,035  
     

 

 

 
Total Trading Companies & Distributors               143,334  
Wireless Telecommunication Services – 5.2%      

KDDI Corp.

     2,000        52,955  

NTT DOCOMO, Inc.

     3,200        75,529  

SoftBank Group Corp.

     200        16,192  
     

 

 

 
Total Wireless Telecommunication Services               144,676  
TOTAL COMMON STOCKS
(Cost: $2,481,310)
              2,747,043  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%  
United States – 0.3%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(b)

(Cost: $7,961)(c)

     7,961        7,961  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $2,489,271)
        2,755,004  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.1%

        1,939  
     

 

 

 
NET ASSETS – 100.0%             $ 2,756,943  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(c) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $7,586 and the total market value of the collateral held by the Fund was $7,961.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  
Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    JPY       52,241,641       USD       473,100     $ 8,151  

7/5/2017

    JPY       52,241,026       USD       473,100       8,157  

7/5/2017

    JPY       52,246,041       USD       473,100       8,112  

7/5/2017

    JPY       52,241,310       USD       473,100       8,154  

7/5/2017

    JPY       39,802,786       USD       360,460       6,217  

7/5/2017

    USD       473,100       JPY       53,158,935       13  

7/5/2017

    USD       360,460       JPY       40,502,006       6  

7/5/2017

    USD       473,100       JPY       53,159,124       14  

7/5/2017

    USD       473,100       JPY       53,158,840       12  

7/5/2017

    USD       473,100       JPY       53,157,516        

8/3/2017

    JPY       54,465,291       USD       485,308       (18

8/3/2017

    JPY       41,497,318       USD       369,763       (8

8/3/2017

    JPY       54,466,310       USD       485,308       (27

8/3/2017

    JPY       54,465,243       USD       485,308       (17

8/3/2017

    JPY       54,463,302       USD       485,308        
                                    $ 38,766  

 

CURRENCY LEGEND

JPY – Japanese yen

USD – U.S. dollar

 

See Notes to Financial Statements.

 

64   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
Brazil – 6.0%      

AES Tiete Energia S.A.

     1,208      $ 4,977  

Alupar Investimento S.A.

     1,715        9,364  

Ambev S.A.

     21,988        121,512  

Banco Bradesco S.A.

     5,610        46,732  

Banco do Brasil S.A.

     2,858        23,117  

Banco Santander Brasil S.A.

     4,957        37,403  

BB Seguridade Participacoes S.A.

     5,233        45,250  

BM&FBovespa S.A.

     3,921        23,373  

BRF S.A.

     1,205        14,257  

CCR S.A.

     5,440        27,748  

Cia de Saneamento Basico do Estado de Sao Paulo

     805        7,692  

Cia Hering

     1,208        7,201  

Cielo S.A.

     2,677        19,876  

Cosan S.A. Industria e Comercio

     403        4,206  

Engie Brasil Energia S.A.

     3,212        32,883  

Equatorial Energia S.A.

     501        8,193  

Ez Tec Empreendimentos e Participacoes S.A.

     1,268        6,793  

Fibria Celulose S.A.

     700        7,143  

Gerdau S.A.

     1,204        3,692  

Grendene S.A.

     1,208        9,345  

Itau Unibanco Holding S.A.

     3,977        39,059  

JBS S.A.

     26        51  

Klabin S.A.

     1,608        7,877  

Kroton Educacional S.A.

     2,311        10,372  

Localiza Rent a Car S.A.

     421        5,737  

Lojas Renner S.A.

     883        7,297  

Mahle-Metal Leve S.A.

     1,403        8,236  

MRV Engenharia e Participacoes S.A.

     1,512        6,170  

Multiplan Empreendimentos Imobiliarios S.A.

     421        8,300  

Multiplus S.A.

     903        10,583  

Natura Cosmeticos S.A.

     207        1,606  

Odontoprev S.A.

     2,012        7,074  

Porto Seguro S.A.

     803        7,419  

Raia Drogasil S.A.

     401        8,485  

Smiles S.A.

     803        14,634  

Sul America S.A.

     864        4,616  

TIM Participacoes S.A.

     4,621        13,654  

TOTVS S.A.

     803        7,309  

Transmissora Alianca de Energia Eletrica S.A.

     3,414        22,710  

Ultrapar Participacoes S.A.

     803        18,788  

Vale S.A.

     2,762        24,175  

WEG S.A.

     2,414        12,896  
     

 

 

 
Total Brazil               707,805  
Chile – 2.2%      

AES Gener S.A.

     51,106        17,987  

Aguas Andinas S.A. Class A

     22,667        13,263  

Banco de Chile

     169,329        21,963  

Banco de Credito e Inversiones

     188        10,492  

Banco Santander Chile

     389,185        24,731  

CAP S.A.

     1,275        10,181  

Cencosud S.A.

     5,021        13,318  

Cia Cervecerias Unidas S.A.

     546        7,151  

Colbun S.A.

     13,508      2,901  

Empresas CMPC S.A.

     2,134        5,094  

Empresas COPEC S.A.

     2,330        25,409  

Enel Americas S.A.

     140,419        26,598  

Enel Chile S.A.

     89,726        9,827  

Enel Generacion Chile S.A.

     16,672        12,546  

Inversiones Aguas Metropolitanas S.A.

     4,290        7,255  

Inversiones La Construccion S.A.

     437        5,413  

Itau CorpBanca

     1,009,675        8,975  

Ripley Corp. S.A.

     14,627        11,137  

S.A.C.I. Falabella

     2,398        19,676  

Sociedad Matriz del Banco de Chile S.A. Class B

     18,050        7,277  

SONDA S.A.

     1,378        2,256  
     

 

 

 
Total Chile               263,450  
China – 21.7%      

AAC Technologies Holdings, Inc.

     1,500        18,754  

Agricultural Bank of China Ltd. Class H

     80,000        37,815  

Air China Ltd. Class H

     6,000        6,187  

Anhui Conch Cement Co., Ltd. Class H

     4,000        13,912  

ANTA Sports Products Ltd.

     5,000        16,525  

BAIC Motor Corp., Ltd. Class H(a)

     6,000        5,818  

Bank of China Ltd. Class H

     200,000        98,124  

Bank of Communications Co., Ltd. Class H

     76,000        53,643  

Beijing Enterprises Holdings Ltd.

     2,000        9,646  

Beijing Enterprises Water Group Ltd.*

     8,000        6,210  

Belle International Holdings Ltd.

     33,000        26,040  

Brilliance China Automotive Holdings Ltd.

     8,000        14,572  

Central China Securities Co., Ltd. Class H(b)

     5,000        2,370  

China CITIC Bank Corp., Ltd. Class H

     25,000        15,308  

China Communications Construction Co., Ltd. Class H

     6,000        7,732  

China Conch Venture Holdings Ltd.

     4,000        7,327  

China Construction Bank Corp. Class H

     574,000        444,850  

China Everbright Bank Co., Ltd. Class H

     16,000        7,481  

China Everbright International Ltd.

     4,000        4,991  

China Galaxy Securities Co., Ltd. Class H

     6,500        5,828  

China Gas Holdings Ltd.

     8,000        16,151  

China Greenland Broad Greenstate Group Co., Ltd.

     16,000        3,771  

China Hongqiao Group Ltd.*†

     16,500        14,901  

China International Marine Containers Group Co., Ltd. Class H

     3,200        5,722  

China Jinmao Holdings Group Ltd.

     32,000        13,199  

China Lesso Group Holdings Ltd.

     4,000        3,074  

China Life Insurance Co., Ltd. Class H

     8,000        24,441  

China Lilang Ltd.

     8,000        5,329  

China Medical System Holdings Ltd.

     4,000        6,917  

China Mengniu Dairy Co., Ltd.*

     4,000        7,840  

China Merchants Bank Co., Ltd. Class H

     6,000        18,100  

China Merchants Port Holdings Co., Ltd.

     6,055        16,793  

China Minsheng Banking Corp., Ltd. Class H

     14,500        14,469  

China Mobile Ltd.

     34,000        360,843  

China National Building Material Co., Ltd. Class H

     8,000        4,755  

China Oilfield Services Ltd. Class H

     6,000        4,811  

China Overseas Land & Investment Ltd.

     14,000        40,979  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      65  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

China Pacific Insurance Group Co., Ltd. Class H

     3,400      $ 13,894  

China Petroleum & Chemical Corp. Class H

     64,000        49,928  

China Power International Development Ltd.

     39,000        13,839  

China Power New Energy Development Co., Ltd.

     4,000        2,552  

China Resources Cement Holdings Ltd.

     24,000        11,929  

China Resources Land Ltd.

     8,000        23,314  

China Resources Power Holdings Co., Ltd.

     16,000        31,400  

China Shenhua Energy Co., Ltd. Class H

     10,000        22,264  

China Shineway Pharmaceutical Group Ltd.

     4,000        4,048  

China South City Holdings Ltd.

     28,000        5,201  

China State Construction International Holdings Ltd.

     8,000        13,691  

China Telecom Corp., Ltd. Class H

     16,000        7,604  

China Travel International Investment Hong Kong Ltd.(b)

     16,000        4,612  

China Vanke Co., Ltd. Class H*

     2,000        5,662  

China Yongda Automobiles Services Holdings Ltd.(b)

     4,000        4,073  

China Zhongwang Holdings Ltd.

     19,200        8,436  

CIFI Holdings Group Co., Ltd.

     24,000        10,668  

CITIC Ltd.

     44,000        66,171  

CITIC Securities Co., Ltd. Class H

     2,500        5,169  

CITIC Telecom International Holdings Ltd.

     15,000        4,804  

CNOOC Ltd.

     92,000        100,763  

Cosmo Lady China Holdings Co., Ltd.(a)(b)

     7,000        2,842  

Country Garden Holdings Co., Ltd.

     72,000        83,469  

CPMC Holdings Ltd.

     4,000        1,973  

CRRC Corp., Ltd. Class H

     5,000        4,496  

CSPC Pharmaceutical Group Ltd.

     8,000        11,683  

Dali Foods Group Co., Ltd.(a)

     22,000        12,625  

Far East Horizon Ltd.

     8,000        6,979  

FIH Mobile Ltd.

     19,000        5,866  

Fosun International Ltd.

     4,500        7,033  

GF Securities Co., Ltd. Class H

     2,600        5,222  

Golden Eagle Retail Group Ltd.(b)

     4,000        5,534  

Guangdong Investment Ltd.

     8,000        11,027  

Guangzhou Automobile Group Co., Ltd. Class H

     8,000        14,040  

Guotai Junan International Holdings Ltd.(b)

     12,000        3,720  

Haitian International Holdings Ltd.

     4,000        11,221  

Haitong Securities Co., Ltd. Class H

     4,000        6,466  

Hengan International Group Co., Ltd.

     2,500        18,446  

Huadian Power International Corp., Ltd. Class H

     16,000        7,153  

Huaneng Power International, Inc. Class H

     32,000        22,217  

Huishang Bank Corp., Ltd. Class H

     12,000        6,195  

Industrial & Commercial Bank of China Ltd. Class H

     200,000        135,016  

Kunlun Energy Co., Ltd.

     16,000        13,568  

KWG Property Holding Ltd.

     10,000        6,700  

Lee & Man Paper Manufacturing Ltd.

     12,000        11,145  

Lenovo Group Ltd.

     24,000        15,157  

Longfor Properties Co., Ltd.

     8,000        17,196  

MGM China Holdings Ltd.

     3,600        8,006  

Nine Dragons Paper Holdings Ltd.

     8,000        10,658  

People’s Insurance Co. Group of China Ltd. (The) Class H

     4,000        1,681  

PetroChina Co., Ltd. Class H

     30,000        18,369  

Ping An Insurance Group Co. of China Ltd. Class H

     6,000        39,544  

Shanghai Industrial Holdings Ltd.

     4,000      11,836  

Shengjing Bank Co., Ltd. Class H(a)

     500        427  

Shenzhen International Holdings Ltd.

     6,000        11,006  

Shenzhen Investment Ltd.

     16,000        7,071  

Shenzhou International Group Holdings Ltd.

     4,000        26,286  

Shimao Property Holdings Ltd.

     10,000        17,114  

Shui On Land Ltd.

     24,000        5,811  

Sihuan Pharmaceutical Holdings Group Ltd.

     16,000        6,702  

Sino-Ocean Group Holding Ltd.

     18,000        8,808  

Sinopec Engineering Group Co., Ltd. Class H

     6,000        5,411  

Sinopharm Group Co., Ltd. Class H

     1,600        7,235  

SITC International Holdings Co., Ltd.

     8,000        6,292  

Skyworth Digital Holdings Ltd.

     10,000        6,213  

Sun Art Retail Group Ltd.

     12,500        9,960  

Sunac China Holdings Ltd.(b)

     8,000        16,725  

Tencent Holdings Ltd.

     1,200        42,918  

Tingyi Cayman Islands Holding Corp.(b)

     8,000        9,490  

Want Want China Holdings Ltd.(b)

     20,000        13,502  

WH Group Ltd.(a)

     20,000        20,188  

Xingda International Holdings Ltd.

     18,000        7,286  

Xinyi Glass Holdings Ltd.*

     8,000        7,922  

Xinyi Solar Holdings Ltd.*(b)

     4,000        1,143  

XTEP International Holdings Ltd.

     7,000        2,699  

YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a)

     1,600        3,398  

Yuexiu Property Co., Ltd.

     56,000        9,541  

Yuexiu Transport Infrastructure Ltd.

     8,000        5,739  

Zhejiang Expressway Co., Ltd. Class H

     8,000        10,453  
     

 

 

 
Total China               2,581,673  
Czech Republic – 0.8%      

CEZ AS

     3,211        55,815  

Komercni Banka AS

     583        23,323  

O2 Czech Republic AS

     1,367        16,197  
     

 

 

 
Total Czech Republic               95,335  
Hong Kong – 0.4%      

Chow Tai Fook Jewellery Group Ltd.

     15,200        16,103  

CP Pokphand Co., Ltd.

     32,000        2,459  

Kerry Logistics Network Ltd.

     4,000        5,913  

Kingboard Chemical Holdings Ltd.

     3,000        11,952  

Kingboard Laminates Holdings Ltd.

     9,000        10,860  
     

 

 

 
Total Hong Kong               47,287  
Hungary – 0.3%      

MOL Hungarian Oil & Gas PLC

     261        20,441  

OTP Bank PLC

     449        14,994  
     

 

 

 
Total Hungary               35,435  
India – 2.7%      

Ambuja Cements Ltd.

     891        3,399  

Asian Paints Ltd.

     236        4,027  

Axis Bank Ltd. GDR Reg S

     180        7,164  

Bajaj Auto Ltd.

     80        3,455  

Bharat Petroleum Corp., Ltd.

     595        5,886  

Bharti Airtel Ltd.

     703        4,130  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Bharti Infratel Ltd.

     329      $ 1,906  

Cadila Healthcare Ltd.

     680        5,525  

Coal India Ltd.

     3,345        12,640  

Cummins India Ltd.

     285        4,055  

GAIL India Ltd.

     744        4,160  

HCL Technologies Ltd.

     912        12,006  

Hero MotoCorp Ltd.

     116        6,643  

Hindustan Petroleum Corp., Ltd.

     481        3,798  

Hindustan Unilever Ltd.

     819        13,679  

ICICI Bank Ltd. ADR

     1,768        15,856  

Idea Cellular Ltd.

     850        1,121  

Indian Oil Corp., Ltd.

     619        3,689  

Infosys Ltd. ADR

     2,666        40,043  

ITC Ltd.

     3,221        16,128  

Larsen & Toubro Ltd. GDR Reg S

     353        9,107  

Mahindra & Mahindra Ltd. GDR

     337        7,212  

NTPC Ltd.

     3,775        9,283  

Oil & Natural Gas Corp., Ltd.

     4,961        12,073  

Power Grid Corp. of India Ltd.

     763        2,485  

Reliance Industries Ltd. GDR*(a)

     651        27,602  

Reliance Infrastructure Ltd.

     496        3,817  

State Bank of India GDR Reg S

     401        17,043  

Sun Pharmaceutical Industries Ltd.

     259        2,227  

Tata Consultancy Services Ltd.

     469        17,141  

Tata Power Co., Ltd. (The)

     2,939        3,663  

Tech Mahindra Ltd.

     244        1,442  

Torrent Power Ltd.

     445        1,223  

UPL Ltd.

     409        5,318  

Vedanta Ltd. ADR

     1,208        18,748  

Wipro Ltd. ADR(b)

     602        3,130  

Yes Bank Ltd.

     236        5,343  

Zee Entertainment Enterprises Ltd.

     513        3,900  
     

 

 

 
Total India               320,067  
Indonesia – 3.6%      

Adaro Energy Tbk PT

     69,100        8,192  

AKR Corporindo Tbk PT

     9,600        4,700  

Astra Agro Lestari Tbk PT

     4,822        5,319  

Astra International Tbk PT

     52,800        35,358  

Bank Central Asia Tbk PT

     14,800        20,155  

Bank Danamon Indonesia Tbk PT

     17,200        6,614  

Bank Negara Indonesia Persero Tbk PT

     32,500        16,095  

Bank Rakyat Indonesia Persero Tbk PT

     33,700        38,561  

Bank Tabungan Negara Persero Tbk PT

     16,000        3,121  

Charoen Pokphand Indonesia Tbk PT

     6,800        1,623  

Global Mediacom Tbk PT*

     25,300        1,101  

Gudang Garam Tbk PT

     3,200        18,800  

Hanjaya Mandala Sampoerna Tbk PT

     186,400        53,707  

Indo Tambangraya Megah Tbk PT

     10,400        13,500  

Indofood CBP Sukses Makmur Tbk PT

     13,600        8,980  

Indofood Sukses Makmur Tbk PT

     22,800        14,712  

Jasa Marga Persero Tbk PT

     12,400        4,978  

Kalbe Farma Tbk PT

     53,800        6,560  

Lippo Karawaci Tbk PT

     34,900        1,728  

Matahari Department Store Tbk PT

     4,800      5,105  

Matahari Putra Prima Tbk PT*

     20,400        1,071  

Media Nusantara Citra Tbk PT*

     52,600        7,262  

Mitra Keluarga Karyasehat Tbk PT

     10,000        1,501  

Pakuwon Jati Tbk PT

     48,500        2,238  

Perusahaan Gas Negara Persero Tbk

     76,300        12,881  

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     18,800        1,933  

Semen Indonesia Persero Tbk PT

     14,400        10,805  

Summarecon Agung Tbk PT

     16,400        1,587  

Surya Citra Media Tbk PT

     24,900        4,839  

Tambang Batubara Bukit Asam Persero Tbk PT

     10,800        9,684  

Telekomunikasi Indonesia Persero Tbk PT

     146,300        49,617  

Unilever Indonesia Tbk PT

     9,600        35,151  

United Tractors Tbk PT

     10,000        20,597  
     

 

 

 
Total Indonesia               428,075  
Malaysia – 4.5%      

AirAsia Bhd

     2,400        1,817  

Alliance Financial Group Bhd

     5,600        5,023  

AMMB Holdings Bhd

     9,600        10,914  

Astro Malaysia Holdings Bhd

     14,000        8,251  

Axiata Group Bhd

     11,400        12,827  

Berjaya Sports Toto Bhd

     4,800        2,829  

Bermaz Auto Bhd

     2,600        1,217  

BIMB Holdings Bhd

     1,600        1,696  

British American Tobacco Malaysia Bhd

     900        9,103  

Bursa Malaysia Bhd

     800        1,975  

Cahya Mata Sarawak Bhd

     2,400        2,248  

Carlsberg Brewery Malaysia Bhd

     1,600        5,591  

CIMB Group Holdings Bhd

     14,800        22,686  

Dialog Group Bhd

     4,400        1,968  

DiGi.Com Bhd

     22,400        26,091  

Dutch Lady Milk Industries Bhd

     800        10,880  

Felda Global Ventures Holdings Bhd

     17,600        7,011  

Fraser & Neave Holdings Bhd

     400        2,358  

Gamuda Bhd

     6,000        7,688  

Genting Bhd

     800        1,754  

Genting Malaysia Bhd

     6,400        8,200  

HAP Seng Consolidated Bhd

     6,400        13,761  

Hartalega Holdings Bhd

     1,600        2,751  

Hong Leong Bank Bhd

     2,800        10,215  

Hong Leong Financial Group Bhd

     1,600        6,262  

IHH Healthcare Bhd

     4,000        5,358  

IJM Corp. Bhd

     7,600        6,126  

IOI Corp. Bhd

     8,800        9,123  

IOI Properties Group Bhd

     10,475        5,368  

Kuala Lumpur Kepong Bhd

     1,600        9,274  

Lingkaran Trans Kota Holdings Bhd

     1,200        1,647  

Magnum Bhd

     1,900        766  

Mah Sing Group Bhd

     13,600        5,132  

Malakoff Corp. Bhd

     6,800        1,679  

Malayan Banking Bhd

     20,300        45,540  

Malaysia Airports Holdings Bhd

     2,800        5,583  

Maxis Bhd

     12,400        16,032  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      67  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

MISC Bhd

     10,500      $ 18,247  

MMC Corp. Bhd

     2,800        1,618  

Nestle Malaysia Bhd

     400        7,920  

Petronas Chemicals Group Bhd

     13,600        22,494  

Petronas Dagangan Bhd

     1,600        8,983  

Petronas Gas Bhd

     3,800        16,412  

Press Metal Bhd

     18,740        11,700  

Public Bank Bhd

     5,200        24,615  

RHB Bank Bhd

     5,200        6,130  

Sime Darby Bhd

     16,000        35,409  

SP Setia Bhd Group

     6,000        4,878  

Sunway Bhd

     2,821        2,576  

Telekom Malaysia Bhd

     8,400        13,013  

Tenaga Nasional Bhd

     8,000        26,352  

Top Glove Corp. Bhd

     4,000        5,358  

UEM Edgenta Bhd

     2,000        1,230  

UOA Development Bhd

     3,600        2,139  

Westports Holdings Bhd

     5,700        4,833  

YTL Corp. Bhd

     33,900        11,530  

YTL Power International Bhd

     32,500        10,978  
     

 

 

 
Total Malaysia               533,159  
Mexico – 3.1%      

Alfa S.A.B. de C.V. Class A

     3,933        5,611  

Alpek S.A.B. de C.V.

     2,432        2,925  

America Movil S.A.B. de C.V. Series L

     59,624        48,095  

Arca Continental S.A.B. de C.V.

     2,012        15,161  

Coca-Cola Femsa S.A.B. de C.V. Series L

     803        6,822  

Concentradora Fibra Danhos S.A. de C.V.

     4,014        7,245  

Fomento Economico Mexicano S.A.B. de C.V.

     1,884        18,607  

Gruma S.A.B. de C.V. Class B

     441        5,767  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     1,208        7,320  

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     1,208        13,641  

Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B

     441        9,330  

Grupo Carso S.A.B. de C.V. Series A1

     1,611        6,803  

Grupo Financiero Banorte S.A.B. de C.V. Class O

     3,217        20,509  

Grupo Financiero Inbursa S.A.B. de C.V. Class O

     4,023        6,890  

Grupo Financiero Santander Mexico S.A.B. de C.V. Class B

     5,634        10,923  

Grupo Herdez S.A.B. de C.V.

     1,208        2,618  

Grupo Lala S.A.B. de C.V.(b)

     1,714        3,148  

Grupo Mexico S.A.B. de C.V. Series B

     10,466        29,531  

Grupo Televisa S.A.B. Series CPO

     803        3,924  

Industrias Bachoco S.A.B. de C.V. Series B

     1,208        5,789  

Industrias Penoles S.A.B. de C.V.

     200        4,525  

Infraestructura Energetica Nova S.A.B. de C.V.

     2,414        12,904  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     4,522        9,594  

Macquarie Mexico Real Estate Management S.A. de C.V.*

     6,522        7,737  

Mexichem S.A.B. de C.V.

     2,063        5,553  

Wal-Mart de Mexico S.A.B. de C.V.

     40,421        94,086  
     

 

 

 
Total Mexico               365,058  
Philippines – 1.9%      

Aboitiz Equity Ventures, Inc.

     6,830      10,307  

Aboitiz Power Corp.

     16,400        12,643  

Alliance Global Group, Inc.

     15,200        4,308  

Ayala Corp.

     320        5,390  

Ayala Land, Inc.

     8,400        6,617  

Bank of the Philippine Islands

     4,330        8,924  

BDO Unibank, Inc.

     5,281        12,977  

Century Pacific Food, Inc.

     9,100        3,246  

DMCI Holdings, Inc.

     40,900        11,429  

Energy Development Corp.

     74,300        8,908  

First Gen Corp.

     5,600        2,097  

Globe Telecom, Inc.

     400        16,235  

International Container Terminal Services, Inc.

     3,410        6,609  

JG Summit Holdings, Inc.

     1,440        2,312  

Jollibee Foods Corp.

     1,160        4,690  

LT Group, Inc.

     6,000        1,748  

Manila Electric Co.

     4,680        24,188  

Manila Water Co., Inc.

     8,800        5,415  

Metro Pacific Investments Corp.

     6,200        785  

Metropolitan Bank & Trust Co.

     3,570        6,191  

Nickel Asia Corp.

     29,000        3,678  

PLDT, Inc.

     850        30,287  

San Miguel Corp.

     4,450        9,172  

Semirara Mining & Power Corp.

     2,200        6,998  

SM Investments Corp.

     960        15,277  

SM Prime Holdings, Inc.

     14,800        9,679  
     

 

 

 
Total Philippines               230,110  
Poland – 1.5%      

Asseco Poland S.A.

     286        3,761  

Bank Handlowy w Warszawie S.A.(b)

     553        10,257  

Bank Pekao S.A.

     718        24,164  

Bank Zachodni WBK S.A.

     168        15,508  

CCC S.A.

     48        2,912  

Energa S.A.

     1,780        5,026  

Eurocash S.A.

     308        2,575  

ING Bank Slaski S.A.*

     273        13,424  

KGHM Polska Miedz S.A.

     699        20,857  

Polski Koncern Naftowy Orlen S.A.

     739        22,300  

Polskie Gornictwo Naftowe i Gazownictwo S.A.

     12,144        20,697  

Powszechny Zaklad Ubezpieczen S.A.

     2,967        35,676  

Warsaw Stock Exchange

     15        197  
     

 

 

 
Total Poland               177,354  
Russia – 8.3%      

Gazprom Neft PJSC ADR

     579        8,859  

Gazprom PJSC ADR

     32,312        127,891  

LSR Group PJSC GDR Reg S

     2,472        7,045  

Lukoil PJSC ADR

     3,539        172,349  

Magnit PJSC GDR Reg S

     922        31,348  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     2,167        16,036  

MegaFon PJSC GDR Reg S

     5,390        49,372  

MMC Norilsk Nickel PJSC ADR

     5,515        76,107  

Mobile TeleSystems PJSC ADR

     7,728        64,761  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Novatek PJSC GDR Reg S

     475      $ 52,915  

Novolipetsk Steel PJSC GDR

     2,887        55,892  

PhosAgro PJSC GDR Reg S

     2,892        38,319  

Rosneft Oil Co. PJSC GDR Reg S

     25,254        137,256  

RusHydro PJSC ADR

     8,303        10,628  

Sberbank of Russia PJSC ADR

     3,888        40,241  

Severstal PJSC GDR Reg S

     2,736        35,896  

Tatneft PJSC ADR

     892        33,628  

VTB Bank PJSC GDR Reg S

     10,709        22,521  
     

 

 

 
Total Russia               981,064  
South Africa – 5.9%      

Aeci Ltd.

     839        6,806  

African Rainbow Minerals Ltd.

     202        1,300  

Aspen Pharmacare Holdings Ltd.

     362        7,932  

Assore Ltd.

     300        4,462  

AVI Ltd.

     1,116        8,092  

Barclays Africa Group Ltd.

     2,679        29,392  

Barloworld Ltd.

     1,015        8,428  

Bidvest Group Ltd. (The)

     986        11,858  

Capevin Holdings Ltd.

     5,805        4,010  

Capitec Bank Holdings Ltd.

     128        8,108  

Clicks Group Ltd.

     755        8,067  

Coronation Fund Managers Ltd.

     1,776        8,836  

Discovery Ltd.

     647        6,317  

Distell Group Ltd.

     596        6,232  

Exxaro Resources Ltd.

     811        5,756  

FirstRand Ltd.

     13,049        46,957  

Foschini Group Ltd. (The)

     785        8,225  

Hyprop Investments Ltd.

     627        5,587  

Imperial Holdings Ltd.

     627        7,704  

Investec Ltd.

     1,017        7,490  

Lewis Group Ltd.(b)

     2,109        5,255  

Liberty Holdings Ltd.

     949        8,148  

Life Healthcare Group Holdings Ltd.

     2,979        5,832  

Massmart Holdings Ltd.

     587        4,726  

MMI Holdings Ltd.

     6,712        10,368  

Mondi Ltd.

     261        6,755  

Mr. Price Group Ltd.

     729        8,680  

MTN Group Ltd.

     12,046        104,900  

Naspers Ltd. Class N

     76        14,762  

Nedbank Group Ltd.

     1,134        18,070  

Netcare Ltd.

     2,813        5,524  

Oceana Group Ltd.

     536        3,719  

Pick n Pay Stores Ltd.

     1,059        4,769  

Pioneer Foods Group Ltd.

     74        765  

Rand Merchant Investment Holdings Ltd.

     2,330        6,934  

Remgro Ltd.

     422        6,875  

Resilient REIT Ltd.

     651        6,049  

Reunert Ltd.

     1,067        5,971  

RMB Holdings Ltd.

     3,530        15,828  

Sanlam Ltd.

     3,560        17,606  

Santam Ltd.

     325        5,936  

Sasol Ltd.

     1,723        48,195  

Shoprite Holdings Ltd.

     903      13,741  

Sibanye Gold Ltd.

     4,690        5,387  

SPAR Group Ltd. (The)

     622        7,316  

Standard Bank Group Ltd.

     3,758        41,313  

Telkom S.A. SOC Ltd.(b)

     1,399        6,572  

Tiger Brands Ltd.

     405        11,372  

Truworths International Ltd.

     1,206        6,581  

Tsogo Sun Holdings Ltd.

     2,397        4,100  

Vodacom Group Ltd.

     6,037        75,688  

Woolworths Holdings Ltd.

     3,550        16,704  
     

 

 

 
Total South Africa               706,000  
South Korea – 10.1%      

Amorepacific Corp.

     16        4,251  

BNK Financial Group, Inc.

     273        2,613  

Coway Co., Ltd.

     162        14,725  

Daesang Holdings Co., Ltd.

     235        2,311  

DGB Financial Group, Inc.

     755        7,787  

Dongbu Insurance Co., Ltd.

     112        6,656  

Dongsuh Cos., Inc.

     176        4,707  

DONGSUNG Corp.

     615        3,639  

Doosan Heavy Industries & Construction Co., Ltd.

     244        4,468  

E-Mart, Inc.

     32        6,559  

Grand Korea Leisure Co., Ltd.

     204        3,994  

GS Holdings Corp.

     192        11,445  

GS Retail Co., Ltd.

     68        3,067  

Hana Financial Group, Inc.

     425        16,808  

Hana Tour Service, Inc.

     36        2,879  

Hankook Tire Co., Ltd.

     144        8,005  

Hanon Systems

     1,059        9,533  

Hansae Co., Ltd.

     60        1,405  

Hanssem Co., Ltd.

     24        3,860  

Hanwha Chemical Corp.

     92        2,428  

Hanwha Life Insurance Co., Ltd.

     1,176        7,154  

Hite Jinro Co., Ltd.

     411        8,370  

Hyosung Corp.

     52        7,613  

Hyundai Engineering & Construction Co., Ltd.

     148        5,957  

Hyundai Glovis Co., Ltd.

     57        7,822  

Hyundai Greenfood Co., Ltd.

     365        5,647  

Hyundai Marine & Fire Insurance Co., Ltd.

     200        6,878  

Hyundai Motor Co.

     425        59,247  

Hyundai Steel Co.

     180        9,785  

Industrial Bank of Korea

     975        12,143  

Interpark Corp.

     486        4,354  

It’s Hanbul Co., Ltd.

     56        2,173  

Kangwon Land, Inc.

     365        11,118  

KB Financial Group, Inc.

     457        23,047  

KEPCO Plant Service & Engineering Co., Ltd.

     108        4,167  

Kia Motors Corp.

     755        25,207  

Korea Electric Power Corp.

     2,618        93,357  

Korea Zinc Co., Ltd.

     20        7,971  

Korean Reinsurance Co.

     184        1,946  

KT Corp. ADR(b)

     454        7,555  

KT&G Corp.

     297        30,371  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      69  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Kumho Petrochemical Co., Ltd.

     120      $ 7,709  

Kyongbo Pharmaceutical Co., Ltd.

     168        1,924  

LG Chem Ltd.

     80        20,347  

LG Corp.

     220        14,863  

LG Display Co., Ltd.

     578        18,742  

LG Electronics, Inc.

     120        8,411  

LG Household & Health Care Ltd.

     8        6,950  

LG Uplus Corp.

     599        8,167  

LIG Nex1 Co., Ltd.

     32        2,070  

Lotte Chemical Corp.

     16        4,811  

LOTTE Fine Chemical Co., Ltd.

     84        2,889  

Lotte Shopping Co., Ltd.

     24        6,366  

LS Corp.

     140        8,920  

LS Industrial Systems Co., Ltd.

     132        6,438  

Meritz Fire & Marine Insurance Co., Ltd.

     225        3,943  

Meritz Securities Co., Ltd.

     1,427        6,311  

Mirae Asset Daewoo Co., Ltd.

     719        6,944  

NCSoft Corp.

     32        10,614  

NH Investment & Securities Co., Ltd.

     513        6,658  

Paradise Co., Ltd.

     184        2,308  

POSCO

     261        65,470  

Posco Daewoo Corp.

     200        3,898  

S&T Motiv Co., Ltd.

     59        2,604  

S-1 Corp.

     72        6,104  

S-Oil Corp.

     156        12,926  

Samsung C&T Corp.

     36        4,657  

Samsung Electro-Mechanics Co., Ltd.

     104        9,271  

Samsung Electronics Co., Ltd.

     131        272,156  

Samsung Fire & Marine Insurance Co., Ltd.

     49        12,056  

Samsung Life Insurance Co., Ltd.

     159        16,259  

Samsung SDS Co., Ltd.

     16        2,580  

Samsung Securities Co., Ltd.

     179        6,461  

Seah Besteel Corp.

     92        2,456  

Shinhan Financial Group Co., Ltd.

     636        27,404  

SK Chemicals Co., Ltd.

     40        2,573  

SK Holdings Co., Ltd.

     68        16,522  

SK Hynix, Inc.

     562        33,106  

SK Innovation Co., Ltd.

     168        23,273  

SK Telecom Co., Ltd.

     231        53,704  

SKC Co., Ltd.

     79        2,317  

Tongyang Life Insurance Co., Ltd.

     361        3,152  
     

 

 

 
Total South Korea               1,197,356  
Taiwan – 18.2%      

Accton Technology Corp.

     4,000        10,204  

Advanced Semiconductor Engineering, Inc.

     32,749        42,040  

Asia Cement Corp.

     16,000        13,728  

Asustek Computer, Inc.

     4,000        37,804  

Aten International Co., Ltd.

     4,000        11,045  

AU Optronics Corp.

     36,000        16,450  

Cathay Financial Holding Co., Ltd.

     28,000        46,114  

Chang Hwa Commercial Bank Ltd.

     4,000        2,295  

Cheng Shin Rubber Industry Co., Ltd.

     12,000        25,523  

Chicony Electronics Co., Ltd.

     4,005        10,151  

Chin-Poon Industrial Co., Ltd.

     4,000      8,153  

China Bills Finance Corp.

     4,000        1,979  

China Development Financial Holding Corp.

     52,000        15,094  

China Steel Corp.

     24,000        19,527  

China Synthetic Rubber Corp.

     8,000        8,521  

Chung-Hsin Electric & Machinery Manufacturing Corp.

     12,000        8,363  

Chunghwa Telecom Co., Ltd.

     25,000        88,757  

Clevo Co.

     4,000        3,590  

Compal Electronics, Inc.

     16,000        10,782  

CTBC Financial Holding Co., Ltd.

     39,720        26,049  

CTCI Corp.

     4,000        6,811  

Delta Electronics, Inc.

     8,000        43,787  

E.Sun Financial Holding Co., Ltd.

     12,857        7,904  

Elan Microelectronics Corp.

     4,000        5,562  

Elite Semiconductor Memory Technology, Inc.

     6,000        7,268  

Eternal Materials Co., Ltd.

     8,160        9,147  

Everlight Electronics Co., Ltd.

     4,000        6,443  

Far Eastern Department Stores Ltd.

     12,000        6,213  

Far Eastern International Bank

     4,020        1,292  

Far Eastern New Century Corp.

     16,000        13,018  

Far EasTone Telecommunications Co., Ltd.

     8,000        20,381  

Farglory Land Development Co., Ltd.

     4,000        5,128  

Feng Hsin Steel Co., Ltd.

     4,000        6,654  

First Financial Holding Co., Ltd.

     20,225        13,530  

Formosa Chemicals & Fibre Corp.

     12,000        37,673  

Formosa Petrochemical Corp.

     22,000        75,937  

Formosa Plastics Corp.

     14,000        42,663  

Foxconn Technology Co., Ltd.

     4,010        12,101  

Fubon Financial Holding Co., Ltd.*

     28,000        44,596  

Gigabyte Technology Co., Ltd.

     4,000        5,391  

Greatek Electronics, Inc.

     4,000        6,496  

Highwealth Construction Corp.

     8,000        13,254  

Hon Hai Precision Industry Co., Ltd.

     48,100        185,000  

Hua Nan Financial Holdings Co., Ltd.

     20,310        11,784  

Innolux Corp.

     44,000        22,998  

Inventec Corp.

     24,000        19,566  

Kenda Rubber Industrial Co., Ltd.

     4,020        6,383  

King Yuan Electronics Co., Ltd.

     8,000        8,192  

King’s Town Bank Co., Ltd.

     8,000        8,258  

Kinik Co.

     4,000        10,099  

Kinsus Interconnect Technology Corp.

     4,000        10,611  

Lien Hwa Industrial Corp.

     4,025        3,731  

Lite-On Technology Corp.

     12,014        19,747  

Long Chen Paper Co., Ltd.

     12,494        14,005  

MediaTek, Inc.

     4,000        34,254  

Mega Financial Holding Co., Ltd.

     36,000        29,941  

Merry Electronics Co., Ltd.

     3,000        18,639  

Micro-Star International Co., Ltd.

     2,000        4,648  

Nan Ya Plastics Corp.

     22,000        54,602  

Nanya Technology Corp.

     9,000        16,213  

Novatek Microelectronics Corp.

     4,000        16,174  

Pegatron Corp.

     8,000        25,062  

Pou Chen Corp.

     8,000        11,072  

Powertech Technology, Inc.

     4,000        12,347  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

President Chain Store Corp.

     4,000      $ 35,963  

Prince Housing & Development Corp.

     12,000        4,813  

Qisda Corp.

     16,000        12,229  

Quanta Computer, Inc.

     16,000        37,870  

Realtek Semiconductor Corp.

     4,000        14,398  

Rechi Precision Co., Ltd.

     8,000        9,112  

Siliconware Precision Industries Co., Ltd.*

     16,000        25,851  

SinoPac Financial Holdings Co., Ltd.

     28,350        8,667  

Syncmold Enterprise Corp.

     4,000        9,296  

Synnex Technology International Corp.

     12,150        13,620  

Taiwan Cement Corp.

     16,000        18,514  

Taiwan Cogeneration Corp.

     8,000        6,180  

Taiwan Cooperative Financial Holding Co., Ltd.

     16,280        8,643  

Taiwan Fertilizer Co., Ltd.

     4,000        5,319  

Taiwan Mobile Co., Ltd.

     12,000        45,168  

Taiwan PCB Techvest Co., Ltd.

     3,000        3,087  

Taiwan Secom Co., Ltd.

     4,000        12,058  

Taiwan Semiconductor Manufacturing Co., Ltd.

     56,000        383,826  

Teco Electric and Machinery Co., Ltd.

     8,000        7,692  

Topco Scientific Co., Ltd.

     4,020        12,396  

Transcend Information, Inc.

     4,000        13,412  

Tripod Technology Corp.

     4,000        12,742  

TSRC Corp.

     4,000        4,602  

Tung Ho Steel Enterprise Corp.

     8,000        6,364  

TXC Corp.

     4,000        5,930  

Uni-President Enterprises Corp.

     8,000        16,042  

Wistron Corp.

     12,089        12,300  

Wistron NeWeb Corp.

     4,030        12,003  

WPG Holdings Ltd.

     8,000        10,677  

WT Microelectronics Co., Ltd.

     3,050        4,517  

Yuanta Financial Holding Co., Ltd.

     28,000        12,334  

Yulon Nissan Motor Co., Ltd.

     4,000        37,475  
     

 

 

 
Total Taiwan               2,163,844  
Thailand – 5.6%      

Advanced Info Service PCL NVDR

     18,800        98,234  

Airports of Thailand PCL NVDR

     16,000        22,255  

Asia Plus Group Holdings PCL NVDR

     65,100        6,976  

Bangkok Dusit Medical Services PCL NVDR

     12,300        6,952  

Bangkok Expressway & Metro PCL

     42,500        9,321  

Bangkok Land PCL NVDR

     118,800        6,400  

Bank of Ayudhya PCL NVDR

     9,200        10,088  

Banpu PCL NVDR

     19,544        9,551  

BEC World PCL NVDR

     6,900        4,266  

BTS Group Holdings PCL NVDR

     58,000        14,513  

Bumrungrad Hospital PCL NVDR

     800        4,039  

Central Pattana PCL NVDR

     4,000        8,154  

Charoen Pokphand Foods PCL NVDR

     19,200        14,017  

CP ALL PCL NVDR

     9,600        17,733  

Delta Electronics Thailand PCL NVDR

     3,600        9,193  

Electricity Generating PCL NVDR

     1,600        10,079  

Glow Energy PCL NVDR

     4,000        9,273  

Hana Microelectronics PCL NVDR

     4,800        7,100  

Home Product Center PCL NVDR

     26,500        7,489  

Ichitan Group PCL NVDR

     8,700      2,241  

Indorama Ventures PCL NVDR

     8,000        8,949  

Intouch Holdings PCL NVDR

     18,900        31,713  

IRPC PCL NVDR

     34,900        5,496  

Jasmine International PCL NVDR

     32,500        7,797  

Kasikornbank PCL NVDR

     2,800        16,362  

Kiatnakin Bank PCL NVDR

     4,800        10,103  

Krung Thai Bank PCL NVDR

     36,500        20,200  

Land & Houses PCL NVDR

     45,300        13,335  

Minor International PCL NVDR

     4,800        5,687  

MK Restaurants Group PCL NVDR

     3,200        5,888  

PTT Exploration & Production PCL NVDR

     10,400        26,406  

PTT Global Chemical PCL NVDR

     12,400        25,004  

PTT PCL NVDR

     5,500        59,906  

Ratchaburi Electricity Generating Holding PCL NVDR

     4,800        7,348  

Robinson PCL NVDR

     3,600        6,173  

Siam Cement PCL (The) NVDR

     2,400        35,608  

Siam City Cement PCL NVDR

     977        9,347  

Siam Commercial Bank PCL (The) NVDR

     6,800        31,127  

Star Petroleum Refining PCL

     9,000        3,868  

Supalai PCL NVDR

     9,600        7,348  

Thai Oil PCL NVDR

     4,000        9,302  

Thai Union Group PCL NVDR

     12,800        7,951  

Thai Vegetable Oil PCL NVDR

     1,500        1,336  

Thanachart Capital PCL NVDR

     5,200        7,042  

Tipco Asphalt PCL NVDR

     4,400        2,927  

Tisco Financial Group PCL NVDR

     4,000        8,949  

TMB Bank PCL NVDR

     87,900        5,951  

TTW PCL NVDR

     17,600        5,492  
     

 

 

 
Total Thailand               664,489  
Turkey – 2.3%      

Akbank TAS

     4,274        11,891  

Aksa Akrilik Kimya Sanayii AS

     1,124        4,269  

Albaraka Turk Katilim Bankasi AS

     8,235        2,992  

Anadolu Efes Biracilik ve Malt Sanayii AS

     1,076        6,671  

Arcelik AS

     1,772        13,109  

BIM Birlesik Magazalar AS

     247        4,575  

Bolu Cimento Sanayii AS

     1,805        3,049  

Brisa Bridgestone Sabanci Sanayi ve Ticaret AS*

     2,470        5,028  

Cimsa Cimento Sanayi ve Ticaret AS

     761        3,271  

Enka Insaat ve Sanayi AS

     11,055        16,853  

Eregli Demir ve Celik Fabrikalari TAS

     16,118        32,258  

Ford Otomotiv Sanayi AS

     1,104        13,464  

Haci Omer Sabanci Holding AS

     1,507        4,676  

KOC Holding AS

     3,482        15,994  

Otokar Otomotiv Ve Savunma Sanayi AS

     128        4,026  

Petkim Petrokimya Holding AS

     6,505        11,191  

Selcuk Ecza Deposu Ticaret ve Sanayi AS

     2,514        2,926  

Soda Sanayii AS

     3,329        6,200  

TAV Havalimanlari Holding AS

     1,587        8,501  

Tofas Turk Otomobil Fabrikasi AS

     963        7,901  

Trakya Cam Sanayii AS

     2,214        2,432  

Tupras Turkiye Petrol Rafinerileri AS

     1,611        46,283  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      71  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Turk Traktor ve Ziraat Makineleri AS

     190      $ 4,258  

Turkiye Garanti Bankasi AS

     4,346        12,079  

Turkiye Halk Bankasi AS

     2,122        7,922  

Turkiye Is Bankasi Group C

     7,523        15,911  

Turkiye Sise ve Cam Fabrikalari AS

     4,680        6,111  

Turkiye Vakiflar Bankasi TAO Class D

     939        1,725  

Ulker Biskuvi Sanayi AS

     261        1,645  

Vestel Beyaz Esya Sanayi ve Ticaret AS

     236        762  
     

 

 

 
Total Turkey               277,973  
TOTAL COMMON STOCKS
(Cost: $10,870,320)
              11,775,534  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%  
United States – 0.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c)

     
(Cost: $65,112)(d)      65,112        65,112  
TOTAL INVESTMENTS IN SECURITIES – 99.6%
(Cost: $10,935,432)
        11,840,646  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.4%

        44,767  
     

 

 

 
NET ASSETS – 100.0%             $ 11,885,413  
* 

Non-income producing security.

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $26,601, which represents 0.22% 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 June 30, 2017 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(d) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $79,304 and the total market value of the collateral held by the Fund was $85,943. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $20,831.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

72   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments

WisdomTree Europe Domestic Economy Fund (EDOM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
Austria – 3.0%      

Erste Group Bank AG*

     388      $ 14,836  

Oesterreichische Post AG

     178        7,722  

OMV AG

     269        13,940  

Raiffeisen Bank International AG*

     505        12,729  

UNIQA Insurance Group AG

     1,076        10,014  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     71        2,000  

Voestalpine AG

     206        9,586  

Wienerberger AG

     568        12,885  
     

 

 

 
Total Austria               83,712  
Belgium – 4.4%      

Ackermans & van Haaren N.V.

     87        14,507  

Ageas

     247        9,933  

bpost S.A.

     406        9,787  

Cofinimmo S.A.

     79        9,700  

D’ieteren S.A./N.V.

     150        7,001  

Econocom Group S.A./N.V.

     1,279        10,680  

Euronav N.V.

     776        6,130  

KBC Group N.V.

     291        22,041  

Telenet Group Holding N.V.*

     138        8,680  

Tessenderlo Group S.A.*

     41        1,761  

Umicore S.A.

     166        11,530  

Warehouses De Pauw CVA

     105        11,020  
     

 

 

 
Total Belgium               122,770  
Finland – 5.3%      

Caverion Corp.*

     1,373        10,977  

Citycon Oyj

     2,932        7,685  

Cramo Oyj

     354        10,578  

Metsa Board Oyj

     831        6,023  

Neste Oyj

     319        12,549  

Nokian Renkaat Oyj

     305        12,607  

Outokumpu Oyj

     1,045        8,331  

Ramirent Oyj

     932        9,386  

Sampo Oyj Class A

     273        13,971  

Sanoma Oyj

     621        5,794  

Stora Enso Oyj Class R

     920        11,868  

Tieto Oyj

     27        834  

UPM-Kymmene Oyj

     776        22,091  

Uponor Oyj

     443        8,039  

YIT Oyj

     677        5,652  
     

 

 

 
Total Finland               146,385  
France – 25.0%      

Accor S.A.

     340        15,917  

Aeroports de Paris

     77        12,409  

Air France-KLM*

     576        8,202  

Alstom S.A.*

     162        5,656  

Alten S.A.

     186        15,336  

Altran Technologies S.A.

     564        9,180  

Amundi S.A.(a)

     133        9,610  

Atos SE

     103        14,438  

AXA S.A.

     920        25,131  

Beneteau S.A.

     433      7,480  

BNP Paribas S.A.

     528        37,975  

Bollore S.A.

     1,068        4,849  

Bouygues S.A.

     265        11,159  

Capgemini SE

     129        13,312  

Cie de Saint-Gobain

     425        22,676  

Cie Plastic Omnium S.A.

     192        6,993  

CNP Assurances

     580        13,002  

Coface S.A.

     1,013        10,144  

Credit Agricole S.A.

     987        15,856  

Derichebourg S.A.

     748        6,313  

Edenred

     351        9,140  

Eiffage S.A.

     170        15,426  

Elior Group(a)

     437        12,680  

Elis S.A.

     247        5,651  

Eurazeo S.A.

     178        13,336  

Europcar Groupe S.A.(a)

     924        13,500  

Eutelsat Communications S.A.

     158        4,029  

Faurecia

     297        15,064  

Fnac Darty S.A.*

     135        10,915  

Fonciere Des Regions

     97        8,986  

Groupe Eurotunnel SE Registered Shares

     596        6,348  

Havas S.A.

     1,007        10,573  

JCDecaux S.A.

     224        7,338  

Klepierre

     28        1,146  

Lagardere SCA

     398        12,551  

LISI

     150        7,136  

Maisons du Monde S.A.*(a)

     129        5,012  

Metropole Television S.A.

     510        11,855  

Natixis S.A.

     1,340        8,982  

Nexans S.A.

     113        6,173  

Nexity S.A.*

     152        8,821  

Peugeot S.A.

     869        17,310  

Renault S.A.

     137        12,383  

Rexel S.A.

     609        9,950  

Societe Generale S.A.

     455        24,448  

Sopra Steria Group

     87        13,867  

SPIE S.A.

     275        8,249  

Television Francaise 1

     601        8,404  

Thales S.A.

     146        15,693  

TOTAL S.A.

     956        47,197  

Unibail-Rodamco SE(b)

     30        7,550  

Vicat S.A.

     93        6,541  

Vinci S.A.

     330        28,127  

Vivendi S.A.

     350        7,780  

Wendel S.A.

     115        16,999  

Worldline S.A.*(a)

     346        11,839  
     

 

 

 
Total France               696,637  
Germany – 23.0%      

Aareal Bank AG

     214        8,472  

Allianz SE Registered Shares

     216        42,472  

alstria office REIT-AG

     505        6,817  

AURELIUS Equity Opportunities SE & Co. KGaA(b)

     87        4,667  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      73  


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Domestic Economy Fund (EDOM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Aurubis AG

     71      $ 5,567  

Axel Springer SE

     150        8,999  

BayWa AG

     74        2,627  

Bechtle AG

     115        14,756  

bet-at-home.com AG

     39        5,651  

Bilfinger SE

     297        11,619  

Commerzbank AG*

     797        9,481  

Continental AG

     59        12,715  

CropEnergies AG

     712        7,861  

CTS Eventim AG & Co. KGaA

     289        12,763  

Deutsche Bank AG Registered Shares

     762        13,493  

Deutsche Boerse AG

     196        20,660  

Deutsche Lufthansa AG Registered Shares

     481        10,931  

Deutsche Post AG Registered Shares

     689        25,791  

Deutsche Wohnen AG Bearer Shares

     324        12,376  

Diebold Nixdorf AG

     19        1,560  

DMG MORI AG

     247        13,859  

Fielmann AG

     136        10,477  

Fraport AG Frankfurt Airport Services Worldwide

     152        13,401  

Fuchs Petrolub SE

     139        6,556  

Hamburger Hafen und Logistik AG

     330        7,196  

Hella KGaA Hueck & Co.

     160        7,864  

Hugo Boss AG

     119        8,320  

Indus Holding AG

     172        12,183  

Jenoptik AG

     150        3,929  

KION Group AG

     133        10,151  

Kloeckner & Co. SE

     1,108        11,652  

LEG Immobilien AG

     97        9,106  

Leoni AG

     259        13,315  

MAN SE

     87        9,315  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     89        17,921  

Nemetschek SE

     135        10,039  

Nordex SE*(b)

     934        11,457  

Pfeiffer Vacuum Technology AG

     49        7,162  

ProSiebenSat.1 Media SE

     170        7,104  

Rheinmetall AG

     146        13,841  

Salzgitter AG

     251        10,224  

Scout24 AG(a)

     277        10,187  

Siemens AG Registered Shares

     271        37,199  

Sixt SE

     192        11,589  

Stroeer SE & Co KGaA(b)

     160        9,570  

Takkt AG

     261        6,516  

Talanx AG

     186        6,937  

Tele Columbus AG*(a)

     477        5,277  

ThyssenKrupp AG

     431        12,228  

TLG Immobilien AG

     390        7,960  

TUI AG

     291        4,220  

United Internet AG Registered Shares

     184        10,104  

Volkswagen AG

     55        8,516  

VTG AG

     170        6,621  

Wacker Neuson SE

     479        11,599  

Washtec AG

     75        5,760  

Wirecard AG(b)

     182        11,566  

Wuestenrot & Wuerttembergische AG

     380      8,302  

Zalando SE*(a)

     228        10,404  
     

 

 

 
Total Germany               638,905  
Ireland – 2.8%      

Bank of Ireland*

     26,044        6,832  

Dalata Hotel Group PLC*

     2,230        12,260  

Irish Continental Group PLC

     1,229        7,121  

Kingspan Group PLC

     408        13,986  

Paddy Power Betfair PLC

     99        10,554  

Permanent TSB Group Holdings PLC*

     1,905        5,975  

Ryanair Holdings PLC ADR*

     115        12,375  

Smurfit Kappa Group PLC

     259        8,051  
     

 

 

 
Total Ireland               77,154  
Italy – 16.6%      

Anima Holding SpA(a)

     1,955        13,992  

Ansaldo STS SpA*

     649        8,261  

Assicurazioni Generali SpA

     732        12,031  

ASTM SpA

     233        4,021  

Atlantia SpA

     348        9,780  

Azimut Holding SpA

     524        10,489  

Banca Generali SpA

     311        9,244  

Banca IFIS SpA

     299        12,130  

Banca Mediolanum SpA

     809        6,703  

Banca Monte dei Paschi di Siena SpA*†

     134        2,305  

Banca Popolare di Sondrio SCPA

     3,368        13,260  

Banco BPM SpA*

     2,087        6,974  

Biesse SpA

     192        6,872  

BPER Banca

     2,560        12,748  

Brembo SpA

     1,167        17,050  

Buzzi Unicem SpA

     501        12,451  

Cerved Information Solutions SpA

     1,070        11,435  

CIR-Compagnie Industriali Riunite SpA

     4,608        6,464  

Credito Emiliano SpA

     987        7,959  

Datalogic SpA

     269        7,231  

De’ Longhi SpA

     328        10,265  

Enav SpA(a)

     871        3,743  

Eni SpA

     1,300        19,513  

FinecoBank Banca Fineco SpA

     1,025        8,055  

Industria Macchine Automatiche SpA

     91        8,350  

Intesa Sanpaolo SpA

     8,791        27,834  

Intesa Sanpaolo SpA RSP

     3,761        11,136  

Italmobiliare SpA

     216        5,888  

Leonardo SpA

     641        10,637  

Mediaset SpA*

     2,942        11,550  

Mediobanca SpA

     900        8,869  

OVS SpA(a)

     1,988        14,126  

Poste Italiane SpA(a)

     1,897        12,971  

Prysmian SpA

     467        13,715  

RAI Way SpA(a)

     1,369        6,817  

Saras SpA

     2,681        6,232  

Snam SpA

     2,355        10,250  

Societa Cattolica di Assicurazioni SCRL

     1,017        7,899  

Societa Iniziative Autostradali e Servizi SpA

     568        6,255  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Domestic Economy Fund (EDOM)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Technogym SpA(a)

     716      $ 5,508  

Tod’s SpA

     89        5,542  

UniCredit SpA*

     687        12,811  

Unione di Banche Italiane SpA

     1,636        7,027  

Unipol Gruppo Finanziario SpA

     3,437        15,053  

UnipolSai Assicurazioni SpA

     3,116        6,792  

Yoox Net-A-Porter Group SpA*

     520        14,365  
     

 

 

 
Total Italy               462,603  
Netherlands – 7.8%      

Aalberts Industries N.V.

     378        15,029  

ABN AMRO Group N.V. CVA(a)

     659        17,445  

Aegon N.V.

     1,890        9,638  

Altice N.V. Class A*

     772        17,786  

ASR Nederland N.V.

     220        7,409  

Boskalis Westminster

     184        5,967  

Euronext N.V.(a)

     235        12,182  

Flow Traders(a)

     303        8,346  

GrandVision N.V.(a)

     321        8,585  

IMCD Group N.V.

     170        9,201  

ING Groep N.V.

     2,194        37,786  

Intertrust N.V.(a)

     208        4,212  

Koninklijke BAM Groep N.V.

     821        4,461  

NN Group N.V.

     261        9,264  

PostNL N.V.

     1,545        7,202  

Randstad Holding N.V.

     168        9,795  

Steinhoff International Holdings N.V.

     2,331        11,855  

TKH Group N.V. CVA

     279        15,478  

TomTom N.V.*

     532        5,096  
     

 

 

 
Total Netherlands               216,737  
Portugal – 1.7%      

Altri, SGPS, S.A.

     1,201        5,529  

Banco Comercial Portugues S.A. Registered Shares*

     40,844        10,980  

Corticeira Amorim, SGPS, S.A.

     311        4,562  

Navigator Co. S.A. (The)

     1,684        7,262  

NOS, SGPS, S.A.

     2,711        16,431  

Semapa-Sociedade de Investimento e Gestao

     176        3,407  
     

 

 

 
Total Portugal               48,171  
Spain – 9.7%      

Abertis Infraestructuras S.A.

     463        8,565  

Aena S.A.(a)

     71        13,835  

Amadeus IT Group S.A.

     309        18,450  

Atresmedia Corp. de Medios de Comunicacion S.A.

     853        9,962  

Banco de Sabadell S.A.

     4,240        8,603  

Bankia S.A.

     803        3,876  

Bankinter S.A.

     1,448        13,320  

Bolsas y Mercados Espanoles SHMSF S.A.

     255        9,195  

CaixaBank S.A.

     3,207        15,289  

Cia de Distribucion Integral Logista Holdings S.A.

     342        8,979  

Cie Automotive S.A.

     417        9,557  

Enagas S.A.

     269        7,532  

Ferrovial S.A.

     198        4,389  

Fomento de Construcciones y Contratas S.A.*

     744        8,020  

Grupo Catalana Occidente S.A.

     378      15,879  

Indra Sistemas S.A.*

     594        8,560  

Industria de Diseno Textil S.A.

     580        22,234  

Liberbank S.A.*

     6,626        6,794  

Mediaset Espana Comunicacion S.A.

     859        10,674  

Melia Hotels International S.A.

     873        13,034  

NH Hotel Group S.A.*

     1,514        9,100  

Parques Reunidos Servicios Centrales SAU*(a)

     433        8,119  

Repsol S.A.

     805        12,303  

Sacyr S.A.*

     4,656        12,326  

Zardoya Otis S.A.

     1,084        11,201  
     

 

 

 
Total Spain               269,796  
United Kingdom – 0.5%      

International Consolidated Airlines Group S.A.

     1,680        13,315  

TOTAL COMMON STOCKS

(Cost: $2,642,034)

              2,776,185  
RIGHTS – 0.0%      
Spain – 0.0%      

Repsol S.A., expiring 7/6/17*

     407        185  

Sacyr S.A., expiring 7/16/17*

     4,656        372  

TOTAL RIGHTS

(Cost: $511)

              557  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0%  
United States – 1.0%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c)

     
(Cost: $27,023)(d)      27,023        27,023  

TOTAL INVESTMENTS IN SECURITIES – 100.8%

(Cost: $2,669,568)

        2,803,765  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.8)%

        (23,014
     

 

 

 
NET ASSETS – 100.0%             $ 2,780,751  
* 

Non-income producing security.

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $2,305, which represents 0.08% 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 June 30, 2017 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(d) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $38,825 and the total market value of the collateral held by the Fund was $41,140. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,117.

ADR – American Depositary Receipt

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      75  


Table of Contents

Schedule of Investments

WisdomTree Global ex-Mexico Equity Fund (XMX)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
Australia – 2.0%      

Australia & New Zealand Banking Group Ltd.

     4,921      $ 108,408  

BHP Billiton Ltd.

     7,125        127,231  

Brambles Ltd.

     8,363        62,416  

Commonwealth Bank of Australia

     2,470        156,893  

CSL Ltd.

     956        101,217  

Macquarie Group Ltd.

     1,045        70,939  

National Australia Bank Ltd.

     4,408        100,048  

QBE Insurance Group Ltd.

     5,871        53,185  

Telstra Corp., Ltd.

     17,351        57,229  

Westpac Banking Corp.

     5,187        121,390  

Woolworths Ltd.

     3,306        64,766  
     

 

 

 
Total Australia               1,023,722  
Belgium – 0.4%      

Ageas

     1,558        62,656  

Anheuser-Busch InBev S.A.

     1,235        136,224  
     

 

 

 
Total Belgium               198,880  
Brazil – 0.4%      

Ambev S.A.

     9,503        52,516  

Banco do Brasil S.A.

     1,900        15,369  

BM&FBovespa S.A.

     1,900        11,326  

Equatorial Energia S.A.

     3,800        62,139  

Petroleo Brasileiro S.A.*

     12,621        50,282  
     

 

 

 
Total Brazil               191,632  
Canada – 3.3%      

Agrium, Inc.

     513        46,426  

Alimentation Couche-Tard, Inc. Class B

     988        47,289  

Bank of Nova Scotia (The)

     1,311        78,749  

Barrick Gold Corp.

     4,008        63,667  

Canadian Imperial Bank of Commerce

     589        47,797  

Canadian National Railway Co.

     1,102        89,283  

Canadian Natural Resources Ltd.(a)

     2,831        81,571  

Canadian Pacific Railway Ltd.

     323        51,893  

Enbridge, Inc.

     2,964        117,903  

George Weston Ltd.

     722        65,262  

Hydro One Ltd.(b)

     2,850        50,978  

Industrial Alliance Insurance & Financial Services, Inc.

     1,501        65,024  

Intact Financial Corp.

     722        54,460  

Loblaw Cos. Ltd.

     855        47,493  

Magna International, Inc.

     1,216        56,245  

Manulife Financial Corp.

     3,496        65,441  

Metro, Inc.

     2,698        88,666  

Potash Corp. of Saskatchewan, Inc.

     2,446        39,834  

Royal Bank of Canada

     1,558        112,960  

Saputo, Inc.

     1,425        45,262  

SNC-Lavalin Group, Inc.

     1,292        55,781  

Suncor Energy, Inc.

     2,812        82,041  

Toronto-Dominion Bank (The)

     1,558        78,398  

TransCanada Corp.(a)

     1,501        71,450  

Wheaton Precious Metals Corp.

     3,261        64,683  
     

 

 

 
Total Canada               1,668,556  
China – 2.1%      

Bank of China Ltd. Class H

     190,000      93,218  

China Conch Venture Holdings Ltd.

     38,000        69,609  

China Construction Bank Corp. Class H

     171,000        132,525  

China Life Insurance Co., Ltd. Class H

     19,000        58,048  

China Mobile Ltd.

     9,500        100,824  

China Petroleum & Chemical Corp. Class H

     76,000        59,289  

CNOOC Ltd.

     57,000        62,429  

Hengan International Group Co., Ltd.

     9,500        70,096  

Industrial & Commercial Bank of China Ltd. Class H

     152,000        102,613  

Tencent Holdings Ltd.

     9,500        339,770  
     

 

 

 
Total China               1,088,421  
Denmark – 0.6%      

ISS A/S

     2,831        111,046  

Novo Nordisk A/S Class B

     3,116        133,267  

Pandora A/S

     414        38,581  

Vestas Wind Systems A/S

     173        15,950  
     

 

 

 
Total Denmark               298,844  
Finland – 0.4%      

Amer Sports Oyj*

     2,014        50,306  

Elisa Oyj

     1,900        73,528  

Nokia Oyj

     13,587        82,984  
     

 

 

 
Total Finland               206,818  
France – 3.7%      

Accor S.A.

     1,273        59,594  

Air Liquide S.A.

     627        77,376  

Airbus SE

     1,095        89,921  

Arkema S.A.

     646        68,839  

Atos SE

     475        66,582  

AXA S.A.

     2,888        78,889  

BNP Paribas S.A.

     1,653        118,889  

Capgemini SE

     646        66,665  

Danone S.A.

     1,121        84,142  

Engie S.A.

     3,914        58,993  

Essilor International S.A.

     475        60,352  

Legrand S.A.

     950        66,366  

LVMH Moet Hennessy Louis Vuitton SE

     456        113,536  

Orange S.A.

     4,104        65,017  

Publicis Groupe S.A.

     722        53,781  

Sanofi

     1,501        143,394  

Schneider Electric SE*

     1,064        81,635  

Societe Generale S.A.

     1,311        70,442  

TOTAL S.A.

     2,888        142,577  

Unibail-Rodamco SE(a)

     304        76,505  

Valeo S.A.

     893        60,082  

Veolia Environnement S.A.

     2,926        61,739  

Vinci S.A.

     950        80,972  

Vivendi S.A.

     2,641        58,708  
     

 

 

 
Total France               1,904,996  
Germany – 3.1%      

adidas AG

     437        83,610  

Allianz SE Registered Shares

     608        119,551  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

BASF SE

     1,311      $ 121,251  

Bayer AG Registered Shares

     1,140        147,186  

Daimler AG Registered Shares

     1,444        104,367  

Deutsche Bank AG Registered Shares

     3,686        65,268  

Deutsche Telekom AG Registered Shares

     4,978        89,253  

Deutsche Wohnen AG Bearer Shares

     2,185        83,460  

Fresenius SE & Co. KGaA

     874        74,823  

HeidelbergCement AG

     665        64,204  

Infineon Technologies AG

     3,572        75,309  

Linde AG

     456        86,231  

MTU Aero Engines AG

     492        69,302  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     304        61,215  

RWE AG*

     518        10,306  

SAP SE

     1,387        144,669  

Siemens AG Registered Shares

     1,064        146,050  

ThyssenKrupp AG

     2,033        57,679  
     

 

 

 
Total Germany               1,603,734  
Hong Kong – 1.1%      

AIA Group Ltd.

     19,000        138,853  

Cheung Kong Property Holdings Ltd.

     9,500        74,416  

CK Hutchison Holdings Ltd.

     9,500        119,260  

CLP Holdings Ltd.

     9,500        100,520  

Hong Kong Exchanges & Clearing Ltd.

     2,500        64,626  

Hysan Development Co., Ltd.

     19,000        90,662  
     

 

 

 
Total Hong Kong               588,337  
India – 0.8%      

Axis Bank Ltd.

     7,030        56,267  

IndusInd Bank Ltd.

     3,667        83,903  

Infosys Ltd.

     4,826        69,851  

Larsen & Toubro Ltd.

     2,679        69,945  

Maruti Suzuki India Ltd.

     703        78,499  

Reliance Industries Ltd.*

     3,629        77,479  
     

 

 

 
Total India               435,944  
Ireland – 0.3%      

CRH PLC

     3,040        107,399  

Experian PLC

     2,489        50,921  
     

 

 

 
Total Ireland               158,320  
Israel – 0.1%      

Teva Pharmaceutical Industries Ltd.

     2,166        71,627  
Italy – 0.7%      

Assicurazioni Generali SpA

     3,325        54,648  

Eni SpA

     5,339        80,137  

Intesa Sanpaolo SpA

     30,111        95,336  

Snam SpA

     17,952        78,133  

UniCredit SpA*

     3,192        59,524  
     

 

 

 
Total Italy               367,778  
Japan – 8.3%      

Ajinomoto Co., Inc.

     2,300        49,670  

Asahi Group Holdings Ltd.

     2,100        79,021  

Astellas Pharma, Inc.

     5,700        69,728  

Bandai Namco Holdings, Inc.

     1,900        64,765  

Bridgestone Corp.

     1,900      81,844  

Daiichi Sankyo Co., Ltd.

     1,900        44,761  

Hitachi Ltd.

     19,000        116,577  

Honda Motor Co., Ltd.

     3,600        98,170  

ITOCHU Corp.

     3,800        56,445  

Japan Tobacco, Inc.

     1,900        66,744  

Kao Corp.

     1,900        112,823  

KDDI Corp.

     3,800        100,614  

Kintetsu Group Holdings Co., Ltd.

     19,000        73,220  

Kirin Holdings Co., Ltd.

     4,200        85,562  

Komatsu Ltd.

     1,900        48,269  

Kubota Corp.

     3,800        63,835  

Kyocera Corp.

     1,900        110,016  

Mitsubishi Chemical Holdings Corp.

     9,500        78,640  

Mitsubishi Corp.

     3,800        79,680  

Mitsubishi Electric Corp.

     5,700        81,954  

Mitsubishi Heavy Industries Ltd.

     19,000        77,752  

Mitsubishi UFJ Financial Group, Inc.

     22,800        153,163  

Mitsui & Co., Ltd.

     5,700        81,447  

Mizuho Financial Group, Inc.

     47,500        86,833  

Nagoya Railroad Co., Ltd.

     19,000        88,608  

Nikon Corp.

     3,800        60,740  

Nippon Steel & Sumitomo Metal Corp.

     1,900        42,917  

Nippon Telegraph & Telephone Corp.

     1,900        89,792  

Nisshin Seifun Group, Inc.

     5,700        93,596  

Nomura Holdings, Inc.

     9,500        56,936  

NTT DOCOMO, Inc.

     1,900        44,845  

Odakyu Electric Railway Co., Ltd.

     1,900        38,318  

Oji Holdings Corp.

     19,000        98,078  

Olympus Corp.

     1,900        69,331  

Otsuka Holdings Co., Ltd.

     1,900        80,999  

Panasonic Corp.

     5,700        77,312  

Recruit Holdings Co., Ltd.

     6,600        113,427  

Seven & I Holdings Co., Ltd.

     1,900        78,259  

Shionogi & Co., Ltd.

     1,900        105,839  

SoftBank Group Corp.

     1,900        153,830  

Sojitz Corp.

     24,700        60,673  

Sony Corp.

     2,100        80,105  

Subaru Corp.

     1,800        60,651  

Sumitomo Mitsui Financial Group, Inc.

     1,900        74,049  

Sumitomo Mitsui Trust Holdings, Inc.

     1,900        67,961  

Suzuki Motor Corp.

     1,900        90,130  

Tobu Railway Co., Ltd.

     19,000        103,658  

Tokio Marine Holdings, Inc.

     1,900        78,648  

Tokyo Gas Co., Ltd.

     19,000        98,805  

Toyo Suisan Kaisha Ltd.

     1,900        72,797  

Toyota Motor Corp.

     3,800        199,300  
     

 

 

 
Total Japan               4,241,137  
Netherlands – 1.0%      

Akzo Nobel N.V.

     817        70,903  

ASML Holding N.V.

     722        93,959  

ING Groep N.V.

     5,358        92,277  

Koninklijke DSM N.V.

     836        60,681  

Koninklijke KPN N.V.

     18,161        58,018  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      77  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Koninklijke Philips N.V.

     1,841      $ 65,292  

Wolters Kluwer N.V.

     1,273        53,815  
     

 

 

 
Total Netherlands               494,945  
Norway – 0.2%      

Orkla ASA

     9,503        96,259  
Singapore – 0.4%      

ComfortDelGro Corp., Ltd.

     36,100        60,304  

Singapore Exchange Ltd.

     11,400        60,774  

Singapore Press Holdings Ltd.

     30,400        71,316  
     

 

 

 
Total Singapore               192,394  
South Korea – 1.7%      

Hyundai Motor Co.

     551        76,812  

KT&G Corp.

     665        68,003  

NAVER Corp.

     95        69,580  

POSCO

     247        61,958  

Samsung Electronics Co., Ltd.

     171        355,257  

Samsung Fire & Marine Insurance Co., Ltd.

     209        51,421  

Shinhan Financial Group Co., Ltd.

     1,919        82,687  

SK Hynix, Inc.

     1,425        83,944  
     

 

 

 
Total South Korea               849,662  
Spain – 1.2%      

Banco Bilbao Vizcaya Argentaria S.A.

     10,680        88,496  

Banco Santander S.A.

     21,638        142,942  

Enagas S.A.

     2,812        78,737  

Industria de Diseno Textil S.A.

     1,858        71,224  

Red Electrica Corp. S.A.(a)

     4,161        86,825  

Repsol S.A.

     3,366        51,444  

Telefonica S.A.

     7,904        81,477  
     

 

 

 
Total Spain               601,145  
Sweden – 1.1%      

Assa Abloy AB Class B

     3,097        67,965  

Atlas Copco AB Class A

     2,242        85,857  

Castellum AB

     5,491        80,530  

Hennes & Mauritz AB Class B

     1,980        49,274  

Nordea Bank AB

     4,712        59,888  

Securitas AB Class B

     3,363        56,618  

Telefonaktiebolaget LM Ericsson Class B

     9,161        65,439  

Volvo AB Class B

     4,465        76,018  
     

 

 

 
Total Sweden               541,589  
Switzerland – 3.3%      

ABB Ltd. Registered Shares

     3,553        87,856  

Adecco Group AG Registered Shares

     703        53,515  

Cie Financiere Richemont S.A. Registered Shares

     931        76,802  

Credit Suisse Group AG Registered Shares*

     4,883        70,671  

Givaudan S.A. Registered Shares

     38        76,107  

Glencore PLC*

     21,002        78,350  

Idorsia Ltd.*

     16        302  

LafargeHolcim Ltd. Registered Shares*

     1,197        68,621  

Nestle S.A. Registered Shares

     4,073        354,923  

Novartis AG Registered Shares

     3,477        289,735  

Roche Holding AG Genusschein

     970        247,349  

Schindler Holding AG Participation Certificate

     438        92,800  

UBS Group AG Registered Shares*

     6,156      104,395  

Zurich Insurance Group AG

     228        66,449  
     

 

 

 
Total Switzerland               1,667,875  
United Kingdom – 6.5%      

Anglo American PLC*

     3,465        46,089  

AstraZeneca PLC

     1,919        127,999  

Babcock International Group PLC

     4,978        56,935  

BAE Systems PLC

     6,574        54,096  

Barclays PLC

     27,091        71,347  

BHP Billiton PLC

     4,351        66,464  

BP PLC

     23,576        135,603  

British American Tobacco PLC

     2,603        176,970  

BT Group PLC

     14,912        57,093  

Bunzl PLC

     2,071        61,550  

Carnival PLC

     950        62,687  

Centrica PLC

     16,394        42,633  

Compass Group PLC

     4,312        90,733  

Diageo PLC

     3,591        105,815  

GKN PLC

     13,492        57,133  

GlaxoSmithKline PLC

     6,156        130,780  

HSBC Holdings PLC

     24,545        226,909  

Imperial Brands PLC

     1,786        80,003  

Intertek Group PLC

     1,102        60,364  

ITV PLC

     18,484        43,554  

Kingfisher PLC

     12,371        48,320  

Land Securities Group PLC

     4,370        57,502  

Lloyds Banking Group PLC

     104,699        89,963  

National Grid PLC

     6,593        81,512  

Pennon Group PLC

     5,054        54,193  

Prudential PLC

     4,541        103,873  

Reckitt Benckiser Group PLC

     1,102        111,424  

Rentokil Initial PLC

     22,170        78,704  

Rio Tinto PLC

     2,280        96,015  

Royal Dutch Shell PLC Class A

     11,173        295,343  

Smith & Nephew PLC

     3,515        60,497  

St. James’s Place PLC

     4,845        74,388  

Standard Chartered PLC*

     5,320        53,708  

Unilever N.V. CVA

     2,413        132,984  

Unilever PLC

     2,261        122,029  

Vodafone Group PLC

     38,702        109,467  
     

 

 

 
Total United Kingdom               3,324,679  
United States – 57.0%      

3M Co.

     665        138,446  

Abbott Laboratories

     2,394        116,372  

AbbVie, Inc.

     2,293        166,265  

Activision Blizzard, Inc.

     1,463        84,225  

Adobe Systems, Inc.*

     817        115,556  

AES Corp.

     4,503        50,028  

Aetna, Inc.

     589        89,428  

Aflac, Inc.

     760        59,037  

Agilent Technologies, Inc.

     1,216        72,121  

Air Products & Chemicals, Inc.

     494        70,672  

Alexion Pharmaceuticals, Inc.*

     399        48,546  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Alliant Energy Corp.

     1,748      $ 70,217  

Allstate Corp. (The)

     608        53,772  

Alphabet, Inc. Class A*

     551        512,254  

Alphabet, Inc. Class C*

     209        189,925  

Altria Group, Inc.

     2,204        164,132  

Amazon.com, Inc.*

     525        508,200  

American Airlines Group, Inc.

     1,159        58,321  

American Express Co.

     1,064        89,631  

American International Group, Inc.

     1,254        78,400  

American Tower Corp.

     912        120,676  

AmerisourceBergen Corp.

     589        55,678  

Amgen, Inc.

     1,011        174,125  

Anadarko Petroleum Corp.

     900        40,806  

Analog Devices, Inc.

     874        67,997  

ANSYS, Inc.*

     627        76,293  

Anthem, Inc.

     418        78,638  

Apache Corp.

     612        29,333  

Apple, Inc.

     6,631        954,997  

Applied Materials, Inc.

     2,461        101,664  

Archer-Daniels-Midland Co.

     1,102        45,601  

Arrow Electronics, Inc.*

     817        64,069  

Arthur J. Gallagher & Co.

     1,102        63,090  

Aspen Technology, Inc.*

     988        54,597  

AT&T, Inc.

     7,752        292,483  

Autodesk, Inc.*

     589        59,383  

Automatic Data Processing, Inc.

     665        68,136  

AvalonBay Communities, Inc.

     475        91,281  

Baker Hughes, Inc.

     846        46,115  

Bank of America Corp.

     12,941        313,949  

Bank of New York Mellon Corp. (The)

     1,615        82,397  

Baxter International, Inc.

     1,197        72,466  

Becton, Dickinson and Co.

     437        85,263  

Berkshire Hathaway, Inc. Class B*

     2,147        363,637  

Biogen, Inc.*

     342        92,805  

Boeing Co. (The)

     722        142,776  

Boston Scientific Corp.*

     2,850        79,002  

Bristol-Myers Squibb Co.

     2,470        137,628  

BWX Technologies, Inc.

     1,311        63,911  

C.R. Bard, Inc.

     266        84,085  

CA, Inc.

     1,919        66,148  

Cabot Oil & Gas Corp.

     411        10,308  

Capital One Financial Corp.

     893        73,780  

Cardinal Health, Inc.

     798        62,180  

CarMax, Inc.*

     741        46,727  

Caterpillar, Inc.

     1,007        108,212  

CBS Corp. Class B Non-Voting Shares

     855        54,532  

CDW Corp.

     969        60,592  

Celgene Corp.*

     1,304        169,350  

Charles Schwab Corp. (The)

     1,786        76,727  

Charter Communications, Inc. Class A*

     342        115,203  

Chemours Co. (The)

     288        10,921  

Chevron Corp.

     2,318        241,837  

Chipotle Mexican Grill, Inc.*

     36        14,980  

Church & Dwight Co., Inc.

     1,406        72,943  

Cigna Corp.

     456      76,330  

Cimarex Energy Co.

     324        30,459  

Cisco Systems, Inc.

     6,764        211,713  

CIT Group, Inc.

     1,216        59,219  

Citigroup, Inc.

     3,591        240,166  

Citizens Financial Group, Inc.

     1,501        53,556  

Citrix Systems, Inc.*

     836        66,529  

CME Group, Inc.

     456        57,109  

Coca-Cola Co. (The)

     3,838        172,134  

Cognizant Technology Solutions Corp. Class A

     1,197        79,481  

Colgate-Palmolive Co.

     1,501        111,269  

Comcast Corp. Class A

     6,042        235,155  

Comerica, Inc.

     741        54,271  

Conagra Brands, Inc.

     1,330        47,561  

Concho Resources, Inc.*

     414        50,313  

ConocoPhillips

     1,995        87,700  

Constellation Brands, Inc. Class A

     418        80,979  

Corning, Inc.

     2,546        76,507  

Costco Wholesale Corp.

     116        18,552  

Crown Castle International Corp.

     898        89,962  

CSX Corp.

     1,463        79,821  

Cummins, Inc.

     399        64,726  

CVS Health Corp.

     1,501        120,770  

D.R. Horton, Inc.

     1,843        63,713  

DaVita, Inc.*

     855        55,370  

Deere & Co.

     475        58,705  

Delta Air Lines, Inc.

     1,387        74,537  

DENTSPLY SIRONA, Inc.

     817        52,974  

Devon Energy Corp.

     1,188        37,980  

Discovery Communications, Inc. Class A*

     1,691        43,679  

Dollar General Corp.

     665        47,940  

Dollar Tree, Inc.*

     608        42,511  

Dover Corp.

     722        57,919  

Dow Chemical Co. (The)

     1,539        97,065  

DST Systems, Inc.

     1,064        65,649  

Duke Energy Corp.

     931        77,822  

DuPont Fabros Technology, Inc.

     251        15,351  

DXC Technology Co.

     536        41,122  

E*TRADE Financial Corp.*

     1,235        46,967  

E.I. du Pont de Nemours & Co.

     1,216        98,143  

Eaton Vance Corp.

     1,330        62,936  

eBay, Inc.*

     1,938        67,675  

Electronic Arts, Inc.*

     627        66,286  

Eli Lilly & Co.

     1,311        107,895  

Emerson Electric Co.

     1,368        81,560  

EOG Resources, Inc.

     703        63,636  

EPR Properties

     912        65,545  

Equinix, Inc.

     190        81,540  

Estee Lauder Cos., Inc. (The) Class A

     684        65,650  

Exelon Corp.

     1,748        63,050  

Expeditors International of Washington, Inc.

     969        54,729  

Express Scripts Holding Co.*

     1,121        71,565  

Exxon Mobil Corp.

     5,187        418,747  

F5 Networks, Inc.*

     361        45,869  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      79  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Facebook, Inc. Class A*

     2,983      $ 450,373  

FedEx Corp.

     361        78,456  

Fifth Third Bancorp

     2,375        61,655  

First Republic Bank

     551        55,155  

FirstEnergy Corp.

     1,558        45,431  

FleetCor Technologies, Inc.*

     380        54,800  

Fluor Corp.

     900        41,202  

Ford Motor Co.

     6,612        73,988  

Freeport-McMoRan, Inc.*

     2,826        33,940  

Gartner, Inc.*

     513        63,361  

General Dynamics Corp.

     437        86,570  

General Electric Co.

     10,946        295,651  

General Motors Co.

     2,432        84,950  

Gentex Corp.

     2,774        52,623  

Genuine Parts Co.

     703        65,210  

Gilead Sciences, Inc.

     1,843        130,448  

Goldman Sachs Group, Inc. (The)

     456        101,186  

Great Plains Energy, Inc.

     1,805        52,850  

Halliburton Co.

     1,260        53,815  

Hartford Financial Services Group, Inc. (The)

     1,045        54,936  

Hasbro, Inc.

     608        67,798  

HCA Healthcare, Inc.*

     703        61,302  

Healthcare Realty Trust, Inc.

     2,128        72,671  

Hess Corp.

     666        29,217  

Hewlett Packard Enterprise Co.

     3,002        49,803  

Hexcel Corp.

     1,007        53,160  

Home Depot, Inc. (The)

     1,539        236,083  

Honeywell International, Inc.

     912        121,560  

HP, Inc.

     3,971        69,413  

Humana, Inc.

     247        59,433  

Huntington Bancshares, Inc.

     4,123        55,743  

Illumina, Inc.*

     380        65,938  

Intel Corp.

     5,567        187,831  

Intercontinental Exchange, Inc.

     855        56,362  

International Business Machines Corp.

     1,062        163,367  

International Paper Co.

     1,083        61,309  

Intuit, Inc.

     570        75,702  

Intuitive Surgical, Inc.*

     108        101,020  

Investors Bancorp, Inc.

     4,731        63,206  

J.M. Smucker Co. (The)

     378        44,729  

Jack Henry & Associates, Inc.

     798        82,888  

Jacobs Engineering Group, Inc.

     969        52,704  

Johnson & Johnson

     3,268        432,324  

JPMorgan Chase & Co.

     4,256        388,998  

KeyCorp

     2,926        54,833  

Kimberly-Clark Corp.

     665        85,858  

Kinder Morgan, Inc.

     3,258        62,423  

Kraft Heinz Co. (The)

     703        60,205  

Kroger Co. (The)

     1,148        26,771  

Lear Corp.

     380        53,990  

Liberty Interactive Corp., QVC Group Class A*

     2,413        59,215  

Liberty Media Corp - Liberty SiriusXM Class A*

     1,634        68,595  

Lincoln National Corp.

     779        52,645  

LKQ Corp.*

     2,071        68,239  

Lockheed Martin Corp.

     361      100,217  

Lowe’s Cos., Inc.

     1,482        114,899  

M&T Bank Corp.

     342        55,387  

Marathon Petroleum Corp.

     1,026        53,691  

MarketAxess Holdings, Inc.

     75        15,083  

Marriott International, Inc. Class A

     760        76,236  

Masco Corp.

     1,672        63,887  

MasterCard, Inc. Class A

     1,235        149,991  

Maxim Integrated Products, Inc.

     1,007        45,214  

McCormick & Co., Inc. Non-Voting Shares

     285        27,790  

McDonald’s Corp.

     1,140        174,602  

McKesson Corp.

     418        68,778  

Merck & Co., Inc.

     3,515        225,276  

MetLife, Inc.

     1,539        84,553  

Mettler-Toledo International, Inc.*

     133        78,276  

MGM Resorts International

     1,995        62,424  

Microchip Technology, Inc.

     988        76,254  

Micron Technology, Inc.*

     2,033        60,705  

Microsoft Corp.

     9,882        681,166  

Mohawk Industries, Inc.*

     285        68,882  

Mondelez International, Inc. Class A

     2,337        100,935  

Monsanto Co.

     627        74,212  

Moody’s Corp.

     513        62,422  

Morgan Stanley

     2,128        94,824  

MSCI, Inc.

     684        70,445  

National Retail Properties, Inc.

     1,292        50,517  

Netflix, Inc.*

     608        90,841  

Newell Brands, Inc.

     1,292        69,277  

Newmont Mining Corp.

     1,710        55,387  

NextEra Energy, Inc.

     665        93,186  

NIKE, Inc. Class B

     2,128        125,552  

Noble Energy, Inc.

     324        9,169  

Norfolk Southern Corp.

     494        60,120  

Northrop Grumman Corp.

     304        78,040  

Nucor Corp.

     874        50,578  

NVIDIA Corp.

     900        130,104  

O’Reilly Automotive, Inc.*

     252        55,122  

Occidental Petroleum Corp.

     1,188        71,126  

Omnicom Group, Inc.

     760        63,004  

Oracle Corp.

     3,724        186,721  

PayPal Holdings, Inc.*

     1,805        96,874  

People’s United Financial, Inc.

     3,401        60,062  

PepsiCo, Inc.

     1,482        171,156  

Pfizer, Inc.

     7,752        260,390  

PG&E Corp.

     988        65,574  

Philip Morris International, Inc.

     1,986        233,256  

Phillips 66

     741        61,273  

Pinnacle West Capital Corp.

     893        76,048  

Pioneer Natural Resources Co.

     324        51,704  

PNC Financial Services Group, Inc. (The)

     722        90,156  

Pool Corp.

     285        33,507  

Portland General Electric Co.

     1,349        61,636  

PPG Industries, Inc.

     722        79,391  

PPL Corp.

     1,463        56,560  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Priceline Group, Inc. (The)*

     76      $ 142,160  

Principal Financial Group, Inc.

     1,083        69,388  

Procter & Gamble Co. (The)

     3,211        279,839  

Prologis, Inc.

     1,558        91,361  

Prudential Financial, Inc.

     760        82,186  

Public Service Enterprise Group, Inc.

     1,368        58,838  

Public Storage

     342        71,317  

QUALCOMM, Inc.

     2,128        117,508  

Quintiles IMS Holdings, Inc.*

     684        61,218  

Raytheon Co.

     475        76,703  

Realty Income Corp.

     988        54,518  

Red Hat, Inc.*

     779        74,589  

Regency Centers Corp.

     1,064        66,649  

Regeneron Pharmaceuticals, Inc.*

     190        93,317  

Regions Financial Corp.

     4,237        62,030  

Reynolds American, Inc.

     969        63,024  

Rockwell Automation, Inc.

     475        76,931  

Rockwell Collins, Inc.

     589        61,892  

Roper Technologies, Inc.

     304        70,385  

Ross Stores, Inc.

     936        54,035  

S&P Global, Inc.

     621        90,660  

salesforce.com, Inc.*

     1,140        98,724  

SCANA Corp.

     855        57,294  

Sempra Energy

     646        72,837  

Service Corp. International

     2,033        68,004  

Sherwin-Williams Co. (The)

     190        66,682  

Shire PLC

     1,425        78,446  

Simon Property Group, Inc.

     532        86,056  

Snap-on, Inc.

     266        42,028  

Southwest Airlines Co.

     950        59,033  

Southwest Gas Holdings, Inc.

     627        45,809  

Starbucks Corp.

     2,242        130,731  

State Street Corp.

     722        64,785  

Stryker Corp.

     494        68,557  

SunTrust Banks, Inc.

     1,235        70,049  

Synchrony Financial

     1,368        40,794  

Synopsys, Inc.*

     1,235        90,069  

Sysco Corp.

     879        44,240  

T. Rowe Price Group, Inc.

     760        56,400  

Target Corp.

     1,026        53,650  

Tesla, Inc.*

     209        75,577  

Texas Instruments, Inc.

     1,349        103,779  

Thermo Fisher Scientific, Inc.

     646        112,708  

Time Warner, Inc.

     1,045        104,928  

Tractor Supply Co.

     612        33,177  

Travelers Cos., Inc. (The)

     437        55,294  

Twenty-First Century Fox, Inc. Class A

     2,584        73,231  

U.S. Bancorp

     1,482        76,945  

U.S. Silica Holdings, Inc.

     284        10,079  

Union Pacific Corp.

     1,064        115,880  

United Continental Holdings, Inc.*

     646        48,612  

United Parcel Service, Inc. Class B

     513        56,733  

United Technologies Corp.

     931        113,684  

UnitedHealth Group, Inc.

     1,178        218,425  

Unum Group

     1,254      58,474  

Valero Energy Corp.

     817        55,115  

Ventas, Inc.

     1,007        69,966  

Verizon Communications, Inc.

     5,244        234,197  

Vertex Pharmaceuticals, Inc.*

     627        80,802  

Visa, Inc. Class A

     2,318        217,382  

Vulcan Materials Co.

     380        48,138  

W.W. Grainger, Inc.

     180        32,495  

Wal-Mart Stores, Inc.

     1,824        138,040  

Walgreens Boots Alliance, Inc.

     1,121        87,786  

Walt Disney Co. (The)

     1,748        185,725  

Wells Fargo & Co.

     5,624        311,626  

Welltower, Inc.

     1,045        78,218  

Western Digital Corp.

     589        52,185  

Weyerhaeuser Co.

     2,090        70,015  

Wynn Resorts Ltd.

     77        10,327  

Zimmer Biomet Holdings, Inc.

     475        60,990  

Zions Bancorp

     1,463        64,240  

Zoetis, Inc.

     1,083        67,558  
     

 

 

 
Total United States               29,070,763  

TOTAL COMMON STOCKS

(Cost: $50,808,404)

              50,888,057  
RIGHTS – 0.0%      
Spain – 0.0%      
Repsol S.A., expiring 7/6/17*
(Cost $84)
     177        81  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%  
United States – 0.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c)

     
(Cost: $121,995)(d)      121,995        121,995  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $50,930,483)

        51,010,133  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.1%

        32,006  
     

 

 

 
NET ASSETS – 100.0%             $ 51,042,139  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(d) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $159,325 and the total market value of the collateral held by the Fund was $167,854. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $45,859.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      81  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global ex-Mexico Equity Fund (XMX)

June 30, 2017

 

  

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  
Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/3/2017

    USD       13,843       DKK       90,188     $ (8

7/4/2017

    CHF       3,516       EUR       3,210       (10

7/4/2017

    GBP       2,500       EUR       2,848       1  

7/5/2017

    BRL       9,230       USD       2,786        

7/5/2017

    USD       26,727       BRL       88,545       (2
                                    $ (19

 

CURRENCY LEGEND

BRL – Brazilian real

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

USD – U.S. dollar

 

See Notes to Financial Statements.

 

82   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUND – 100.0%  
United States – 100.0%      

WisdomTree Global SmallCap Dividend Fund(a)(b)

     
(Cost: $18,738,923)      795,976      $ 24,468,302  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.4%  
United States – 4.4%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c)

     
(Cost: $1,086,750)(d)      1,086,750        1,086,750  

TOTAL INVESTMENTS IN SECURITIES – 104.4%

(Cost: $19,825,673)

        25,555,052  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (4.4)%

        (1,082,353
     

 

 

 
NET ASSETS – 100.0%             $ 24,472,699  
(a)

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(b)

Affiliated company (See Note 3).

 

(c)

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(d)

At June 30, 2017, the total market value of the Fund’s securities on loan was $1,060,530 and the total market value of the collateral held by the Fund was $1,086,750.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  
Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    AUD       176,113       USD       131,041     $ (4,046

7/5/2017

    AUD       231,157       USD       171,988       (5,321

7/5/2017

    AUD       231,223       USD       171,988       (5,372

7/5/2017

    AUD       231,158       USD       171,988       (5,321

7/5/2017

    AUD       231,166       USD       171,988       (5,328

7/5/2017

    CHF       19,072       USD       19,755       (161

7/5/2017

    CHF       25,029       USD       25,925       (211

7/5/2017

    CHF       25,030       USD       25,925       (212

7/5/2017

    CHF       25,027       USD       25,925       (209

7/5/2017

    CHF       25,029       USD       25,925       (210

7/5/2017

    DKK       112,840       USD       17,087       (223

7/5/2017

    DKK       148,047       USD       22,421       (290

7/5/2017

    DKK       148,056       USD       22,421       (291

7/5/2017

    DKK       148,055       USD       22,421       (291

7/5/2017

    DKK       148,064       USD       22,421       (292

7/5/2017

    EUR       253,266       USD       285,293       (3,569

7/5/2017

    EUR       332,391       USD       374,441       (4,667

7/5/2017

    EUR       332,388       USD       374,441       (4,664

7/5/2017

    EUR       332,443       USD       374,441       (4,727

7/5/2017

    EUR       332,396       USD       374,441       (4,673

7/5/2017

    GBP       196,626       USD       254,098       (1,309

7/5/2017

    GBP       258,060       USD       333,502       (1,705

7/5/2017

    GBP       258,071       USD       333,502       (1,719

7/5/2017

    GBP       258,061       USD       333,502       (1,707

7/5/2017

    GBP       258,068       USD       333,502       (1,715

7/5/2017

    HKD       9,450       GBP       930       (3

7/5/2017

    HKD       1,160       HUF       40,180        

7/5/2017

    HKD       666,772       USD       85,634       221  

7/5/2017

    HKD       875,061       USD       112,390       295  

7/5/2017

    HKD       875,115       USD       112,390       288  

7/5/2017

    HKD       875,080       USD       112,390       293  

7/5/2017

    HKD       875,114       USD       112,390       289  

7/5/2017

    HUF       621,903       USD       2,271     (24

7/5/2017

    HUF       816,076       USD       2,980       (31

7/5/2017

    HUF       816,085       USD       2,980       (31

7/5/2017

    HUF       816,082       USD       2,980       (31

7/5/2017

    HUF       816,062       USD       2,980       (31

7/5/2017

    IDR       888,868,809       USD       66,457       (237

7/5/2017

    ILS       38,300       USD       10,832       (143

7/5/2017

    ILS       50,261       USD       14,215       (188

7/5/2017

    ILS       50,265       USD       14,215       (189

7/5/2017

    ILS       50,263       USD       14,215       (188

7/5/2017

    ILS       50,286       USD       14,215       (195

7/5/2017

    INR       808,799       USD       12,483       (16

7/5/2017

    JPY       2,853,246       AUD       33,000       (81

7/5/2017

    JPY       2,506,237       EUR       19,500       (65

7/5/2017

    JPY       805,739       GBP       5,500       (27

7/5/2017

    JPY       57,217,964       USD       518,174       8,936  

7/5/2017

    JPY       75,098,546       USD       680,100       11,726  

7/5/2017

    JPY       75,105,755       USD       680,100       11,661  

7/5/2017

    JPY       75,098,954       USD       680,100       11,722  

7/5/2017

    JPY       75,098,138       USD       680,100       11,729  

7/5/2017

    KRW       253,809,318       USD       226,575       4,820  

7/5/2017

    MXN       114,256       USD       6,076       (237

7/5/2017

    MXN       149,945       USD       7,973       (311

7/5/2017

    MXN       149,936       USD       7,973       (311

7/5/2017

    MXN       149,929       USD       7,973       (310

7/5/2017

    MXN       149,932       USD       7,973       (311

7/5/2017

    MYR       653,023       USD       152,611       499  

7/5/2017

    NOK       389,176       USD       46,230       (230

7/5/2017

    NOK       510,812       USD       60,676       (304

7/5/2017

    NOK       510,814       USD       60,676       (305

7/5/2017

    NOK       510,795       USD       60,676       (302

7/5/2017

    NOK       510,806       USD       60,676       (304

7/5/2017

    NZD       92,773       USD       65,799       (2,129

7/5/2017

    NZD       121,760       USD       86,356       (2,796

7/5/2017

    NZD       121,760       USD       86,356       (2,796

7/5/2017

    NZD       121,762       USD       86,356       (2,798

7/5/2017

    NZD       121,767       USD       86,356       (2,802

7/5/2017

    PHP       1,757,471       USD       35,274       382  

7/5/2017

    PLN       27,487       USD       7,384       (28

7/5/2017

    PLN       36,070       USD       9,690       (37

7/5/2017

    PLN       36,068       USD       9,690       (36

7/5/2017

    PLN       36,075       USD       9,690       (38

7/5/2017

    PLN       36,073       USD       9,690       (38

7/5/2017

    SEK       546,925       USD       63,165       (1,678

7/5/2017

    SEK       717,768       USD       82,899       (2,200

7/5/2017

    SEK       717,751       USD       82,899       (2,197

7/5/2017

    SEK       717,756       USD       82,899       (2,198

7/5/2017

    SEK       717,780       USD       82,899       (2,201

7/5/2017

    SGD       58,393       USD       42,223       (188

7/5/2017

    SGD       76,641       USD       55,417       (247

7/5/2017

    SGD       76,642       USD       55,417       (248

7/5/2017

    SGD       76,638       USD       55,417       (245

7/5/2017

    SGD       76,637       USD       55,417       (244

7/5/2017

    THB       8,886,916       USD       260,421       (1,051

7/5/2017

    TRY       46,514       USD       13,023       (174

7/5/2017

    TRY       61,045       USD       17,089       (231

7/5/2017

    TRY       61,036       USD       17,089       (228

7/5/2017

    TRY       61,034       USD       17,089       (228

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      83  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

June 30, 2017

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    TRY       61,040       USD       17,089     $ (230

7/5/2017

    TWD       14,903,489       USD       495,105       4,624  

7/5/2017

    USD       4,508       AUD       5,941       49  

7/5/2017

    USD       171,041       AUD       222,980       (4

7/5/2017

    USD       171,041       AUD       222,983       (2

7/5/2017

    USD       171,041       AUD       222,980       (4

7/5/2017

    USD       130,321       AUD       169,902       3  

7/5/2017

    USD       171,041       AUD       222,985        

7/5/2017

    USD       25,925       CHF       24,828       1  

7/5/2017

    USD       25,925       CHF       24,828       1  

7/5/2017

    USD       25,925       CHF       24,827        

7/5/2017

    USD       19,755       CHF       18,918        

7/5/2017

    USD       1,001       CHF       960       2  

7/5/2017

    USD       25,925       CHF       24,827        

7/5/2017

    USD       22,421       DKK       146,162       1  

7/5/2017

    USD       22,421       DKK       146,160        

7/5/2017

    USD       22,421       DKK       146,162       1  

7/5/2017

    USD       17,087       DKK       111,387        

7/5/2017

    USD       1,382       DKK       9,000       (2

7/5/2017

    USD       22,421       DKK       146,158        

7/5/2017

    USD       9,814       EUR       8,756       173  

7/5/2017

    USD       372,381       EUR       326,484       (10

7/5/2017

    USD       372,381       EUR       326,487       (7

7/5/2017

    USD       372,381       EUR       326,484       (9

7/5/2017

    USD       283,719       EUR       248,761       6  

7/5/2017

    USD       372,381       EUR       326,492        

7/5/2017

    USD       8,741       GBP       6,859       168  

7/5/2017

    USD       331,666       GBP       255,328       (8

7/5/2017

    USD       331,666       GBP       255,330       (5

7/5/2017

    USD       331,666       GBP       255,328       (8

7/5/2017

    USD       252,701       GBP       194,539       (5

7/5/2017

    USD       331,666       GBP       255,334        

7/5/2017

    USD       2,946       HKD       22,971       (3

7/5/2017

    USD       111,772       HKD       872,520       (3

7/5/2017

    USD       111,772       HKD       872,521       (3

7/5/2017

    USD       111,772       HKD       872,530       (2

7/5/2017

    USD       85,160       HKD       664,811       2  

7/5/2017

    USD       111,772       HKD       872,543        

7/5/2017

    USD       2,980       HUF       807,628        

7/5/2017

    USD       2,980       HUF       807,629        

7/5/2017

    USD       2,980       HUF       807,619        

7/5/2017

    USD       2,271       HUF       615,463        

7/5/2017

    USD       2,980       HUF       807,609        

7/5/2017

    USD       66,607       IDR       888,868,809       87  

7/5/2017

    USD       14,215       ILS       49,607        

7/5/2017

    USD       14,215       ILS       49,607        

7/5/2017

    USD       14,215       ILS       49,607        

7/5/2017

    USD       10,832       ILS       37,801        

7/5/2017

    USD       889       ILS       3,100       (1

7/5/2017

    USD       14,215       ILS       49,606        

7/5/2017

    USD       12,485       INR       808,799       14  

7/5/2017

    USD       17,826       JPY       1,985,153       (158

7/5/2017

    USD       676,357       JPY       75,997,501       18  

7/5/2017

    USD       676,357       JPY       75,996,825       12  

7/5/2017

    USD       676,357       JPY       75,997,366       17  

7/5/2017

    USD       515,320       JPY       57,902,488       10  

7/5/2017

    USD       676,357       JPY       75,995,472        

7/5/2017

    USD       221,822       KRW       253,809,318       (68

7/5/2017

    USD       7,973       MXN       144,313      

7/5/2017

    USD       7,973       MXN       144,311        

7/5/2017

    USD       7,973       MXN       144,313        

7/5/2017

    USD       6,076       MXN       109,976        

7/5/2017

    USD       1,474       MXN       26,710       2  

7/5/2017

    USD       7,973       MXN       144,309        

7/5/2017

    USD       151,180       MYR       653,023       931  

7/5/2017

    USD       1,590       NOK       13,480       19  

7/5/2017

    USD       60,342       NOK       505,476       2  

7/5/2017

    USD       60,342       NOK       505,476       2  

7/5/2017

    USD       60,342       NOK       505,471       1  

7/5/2017

    USD       45,976       NOK       385,133       1  

7/5/2017

    USD       1,425       NOK       11,900       (4

7/5/2017

    USD       60,342       NOK       505,464        

7/5/2017

    USD       2,263       NZD       3,098       5  

7/5/2017

    USD       85,881       NZD       117,289       (2

7/5/2017

    USD       85,881       NZD       117,290       (1

7/5/2017

    USD       85,881       NZD       117,295       2  

7/5/2017

    USD       65,436       NZD       89,371       1  

7/5/2017

    USD       13,330       NZD       18,200       (4

7/5/2017

    USD       85,881       NZD       117,292        

7/5/2017

    USD       34,592       PHP       1,757,471       299  

7/5/2017

    USD       9,690       PLN       35,933        

7/5/2017

    USD       9,690       PLN       35,933        

7/5/2017

    USD       9,690       PLN       35,933        

7/5/2017

    USD       7,384       PLN       27,382        

7/5/2017

    USD       165       PLN       610        

7/5/2017

    USD       9,690       PLN       35,933        

7/5/2017

    USD       2,173       SEK       18,922       70  

7/5/2017

    USD       82,443       SEK       695,387       2  

7/5/2017

    USD       82,443       SEK       695,387       2  

7/5/2017

    USD       82,443       SEK       695,380       1  

7/5/2017

    USD       62,816       SEK       529,814       (1

7/5/2017

    USD       10,403       SEK       87,700       (6

7/5/2017

    USD       82,443       SEK       695,370        

7/5/2017

    USD       1,452       SGD       2,015       11  

7/5/2017

    USD       55,112       SGD       75,879       (1

7/5/2017

    USD       55,112       SGD       75,880       (1

7/5/2017

    USD       55,112       SGD       75,879       (1

7/5/2017

    USD       41,991       SGD       57,816       1  

7/5/2017

    USD       1,129       SGD       1,555        

7/5/2017

    USD       55,112       SGD       75,881        

7/5/2017

    USD       261,534       THB       8,886,916       (62

7/5/2017

    USD       17,089       TRY       60,231        

7/5/2017

    USD       17,089       TRY       60,230        

7/5/2017

    USD       17,089       TRY       60,232        

7/5/2017

    USD       13,023       TRY       45,900        

7/5/2017

    USD       1,090       TRY       3,835       (1

7/5/2017

    USD       17,089       TRY       60,231        

7/5/2017

    USD       490,198       TWD       14,903,489       282  

7/5/2017

    USD       37,569       ZAR       492,235       (1

7/5/2017

    USD       37,569       ZAR       492,241       (1

7/5/2017

    USD       37,569       ZAR       492,236       (1

7/5/2017

    USD       28,624       ZAR       375,038       (1

7/5/2017

    USD       2,216       ZAR       29,000       (2

7/5/2017

    USD       37,569       ZAR       492,248        

7/5/2017

    ZAR       379,719       USD       28,624       (357

7/5/2017

    ZAR       498,402       USD       37,569       (470

 

See Notes to Financial Statements.

 

84   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

June 30, 2017

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    ZAR       498,096       USD       37,569     $ (446

7/5/2017

    ZAR       498,404       USD       37,569       (470

7/5/2017

    ZAR       498,382       USD       37,569       (468

7/6/2017

    BRL       116,775       USD       35,716       480  

7/6/2017

    BRL       88,976       USD       27,226       378  

7/6/2017

    BRL       116,775       USD       35,723       486  

7/6/2017

    BRL       116,775       USD       35,738       502  

7/6/2017

    BRL       116,775       USD       35,776       539  

7/6/2017

    CAD       169,903       USD       125,866       (4,963

7/6/2017

    CAD       222,983       USD       165,193       (6,508

7/6/2017

    CAD       222,981       USD       165,193       (6,507

7/6/2017

    CAD       222,982       USD       165,193       (6,507

7/6/2017

    CAD       222,979       USD       165,193       (6,505

7/6/2017

    CLP       12,024,405       USD       17,884       (205

7/6/2017

    CLP       9,161,454       USD       13,631       (151

7/6/2017

    CLP       12,024,405       USD       17,906       (183

7/6/2017

    CLP       12,024,405       USD       17,884       (205

7/6/2017

    CLP       12,024,405       USD       17,880       (209

7/6/2017

    USD       35,245       BRL       116,775       (8

7/6/2017

    USD       35,234       BRL       116,775       3  

7/6/2017

    USD       26,892       BRL       88,976       (44

7/6/2017

    USD       35,244       BRL       116,775       (8

7/6/2017

    USD       35,248       BRL       116,775       (11

7/6/2017

    USD       4,330       CAD       5,731       83  

7/6/2017

    USD       164,284       CAD       213,355       3  

7/6/2017

    USD       164,284       CAD       213,354       2  

7/6/2017

    USD       164,284       CAD       213,356       4  

7/6/2017

    USD       125,172       CAD       162,560       2  

7/6/2017

    USD       30,925       CAD       40,100       (48

7/6/2017

    USD       164,284       CAD       213,350        

7/6/2017

    USD       18,097       CLP       12,024,405       (8

7/6/2017

    USD       18,102       CLP       12,024,405       (13

7/6/2017

    USD       18,089       CLP       12,024,405        

7/6/2017

    USD       13,794       CLP       9,161,454       (12

7/6/2017

    USD       18,092       CLP       12,024,405       (4

8/2/2017

    AUD       236,796       USD       181,577       5  

8/2/2017

    AUD       236,797       USD       181,577       4  

8/2/2017

    AUD       236,796       USD       181,577       5  

8/2/2017

    AUD       180,426       USD       138,345       (3

8/2/2017

    AUD       236,802       USD       181,577       1  

8/2/2017

    DKK       146,513       USD       22,509       (1

8/2/2017

    DKK       146,514       USD       22,509       (1

8/2/2017

    DKK       146,516       USD       22,509       (1

8/2/2017

    DKK       111,653       USD       17,153       (1

8/2/2017

    DKK       146,512       USD       22,509        

8/2/2017

    EUR       331,626       USD       378,784       5  

8/2/2017

    EUR       331,627       USD       378,784       4  

8/2/2017

    EUR       331,630       USD       378,784        

8/2/2017

    EUR       252,683       USD       288,601       (10

8/2/2017

    EUR       331,634       USD       378,784       (4

8/2/2017

    GBP       244,572       USD       317,972       4  

8/2/2017

    GBP       244,574       USD       317,972       2  

8/2/2017

    GBP       244,571       USD       317,972       6  

8/2/2017

    GBP       186,342       USD       242,268       5  

8/2/2017

    GBP       244,576       USD       317,972        

8/2/2017

    HKD       898,702       USD       115,216       (3

8/2/2017

    HKD       898,682       USD       115,216        

8/2/2017

    HKD       898,706       USD       115,216       (4

8/2/2017

    HKD       684,740       USD       87,784     (4

8/2/2017

    HKD       898,704       USD       115,216       (3

8/2/2017

    HUF       833,738       USD       3,079       (1

8/2/2017

    HUF       833,513       USD       3,079        

8/2/2017

    HUF       833,585       USD       3,079        

8/2/2017

    HUF       635,676       USD       2,348        

8/2/2017

    HUF       833,578       USD       3,079        

8/2/2017

    NOK       515,310       USD       61,550       (3

8/2/2017

    NOK       515,295       USD       61,550       (1

8/2/2017

    NOK       515,307       USD       61,550       (2

8/2/2017

    NOK       392,647       USD       46,899       (2

8/2/2017

    NOK       515,295       USD       61,550       (1

8/2/2017

    NZD       129,097       USD       94,480       1  

8/2/2017

    NZD       129,105       USD       94,480       (5

8/2/2017

    NZD       129,098       USD       94,480        

8/2/2017

    NZD       98,364       USD       71,986       (1

8/2/2017

    NZD       129,101       USD       94,480       (2

8/2/2017

    PHP       1,729,521       USD       34,224       105  

8/2/2017

    PLN       34,987       USD       9,433        

8/2/2017

    PLN       34,986       USD       9,433        

8/2/2017

    PLN       34,985       USD       9,433        

8/2/2017

    PLN       26,671       USD       7,191        

8/2/2017

    PLN       34,985       USD       9,433        

8/2/2017

    SEK       690,100       USD       81,942       (3

8/2/2017

    SEK       690,101       USD       81,942       (3

8/2/2017

    SEK       690,085       USD       81,942       (2

8/2/2017

    SEK       525,775       USD       62,432       (1

8/2/2017

    SEK       690,087       USD       81,942       (2

8/2/2017

    TRY       63,397       USD       17,844       (2

8/2/2017

    TRY       63,395       USD       17,844       (2

8/2/2017

    TRY       63,400       USD       17,844       (3

8/2/2017

    TRY       48,310       USD       13,597       (2

8/2/2017

    TRY       63,392       USD       17,844       (1

8/3/2017

    BRL       113,009       USD       33,889       (8

8/3/2017

    BRL       113,009       USD       33,895       (1

8/3/2017

    BRL       86,105       USD       25,859       32  

8/3/2017

    BRL       113,009       USD       33,892       (5

8/3/2017

    BRL       113,009       USD       33,904       7  

8/3/2017

    CAD       219,175       USD       168,848       (8

8/3/2017

    CAD       219,170       USD       168,848       (4

8/3/2017

    CAD       219,173       USD       168,848       (6

8/3/2017

    CAD       166,993       USD       128,649       (5

8/3/2017

    CAD       219,165       USD       168,848        

8/3/2017

    CHF       23,945       USD       25,048       (1

8/3/2017

    CHF       23,945       USD       25,048       (1

8/3/2017

    CHF       23,945       USD       25,048       (1

8/3/2017

    CHF       18,245       USD       19,086        

8/3/2017

    CHF       23,944       USD       25,048       (1

8/3/2017

    CLP       11,832,753       USD       17,782       (6

8/3/2017

    CLP       11,832,753       USD       17,785       (3

8/3/2017

    CLP       11,832,753       USD       17,800       12  

8/3/2017

    CLP       9,015,431       USD       13,563       10  

8/3/2017

    CLP       11,832,753       USD       17,790       2  

8/3/2017

    IDR       916,212,806       USD       68,425       (60

8/3/2017

    ILS       52,137       USD       14,955       (1

8/3/2017

    ILS       52,139       USD       14,955       (2

8/3/2017

    ILS       52,136       USD       14,955       (1

8/3/2017

    ILS       39,737       USD       11,398       (1

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      85  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

June 30, 2017

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

8/3/2017

    ILS       52,137       USD       14,955     $ (1

8/3/2017

    INR       797,702       USD       12,270       (11

8/3/2017

    JPY       76,869,876       USD       684,942       (25

8/3/2017

    JPY       76,868,848       USD       684,942       (16

8/3/2017

    JPY       76,870,013       USD       684,942       (26

8/3/2017

    JPY       58,567,656       USD       521,865       (16

8/3/2017

    JPY       76,867,067       USD       684,942        

8/3/2017

    KRW       246,843,481       USD       215,806       71  

8/3/2017

    MXN       158,296       USD       8,705       (1

8/3/2017

    MXN       158,289       USD       8,705        

8/3/2017

    MXN       158,297       USD       8,705       (1

8/3/2017

    MXN       120,615       USD       6,633        

8/3/2017

    MXN       158,292       USD       8,705       (1

8/3/2017

    MYR       655,308       USD       152,433       470  

8/3/2017

    SGD       76,139       USD       55,322       (2

8/3/2017

    SGD       76,137       USD       55,322        

8/3/2017

    SGD       76,139       USD       55,322       (2

8/3/2017

    SGD       58,019       USD       42,153       (4

8/3/2017

    SGD       76,140       USD       55,322       (3

8/3/2017

    THB       8,823,055       USD       259,502       (84

8/3/2017

    TWD       14,893,041       USD       489,291       207  

8/3/2017

    ZAR       464,305       USD       35,262        

8/3/2017

    ZAR       464,321       USD       35,262       (1

8/3/2017

    ZAR       464,314       USD       35,262        

8/3/2017

    ZAR       353,834       USD       26,871       (1

8/3/2017

    ZAR       464,327       USD       35,262       (1
                                    $ (51,887

 

CURRENCY LEGEND

AUD – Australian dollar

BRL – Brazilian real

CAD – Canadian dollar

CHF – Swiss franc

CLP – Chilean peso

DKK – Danish krone

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

HUF – Hungary forint

IDR – Indonesian rupiah

ILS – Israeli New shekel

INR – Indian rupee

JPY – Japanese yen

KRW – South Korean won

MXN – Mexican peso

MYR – Malaysian ringgit

NOK – Norwegian krone

NZD – New Zealand dollar

PHP – Philippine peso

PLN – Polish zloty

SEK – Swedish krona

SGD – Singapore dollar

THB – Thai baht

TRY – Turkish New lira

TWD – New Taiwan dollar

USD – U.S. dollar

ZAR – South African rand

 

See Notes to Financial Statements.

 

86   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Australia – 3.5%      

AP Eagers Ltd.(a)

     756      $ 4,848  

Bapcor Ltd.

     4,000        16,845  

Blackmores Ltd.(a)

     321        23,598  

Brickworks Ltd.

     2,306        24,392  

CSR Ltd.

     21,533        69,867  

Downer EDI Ltd.

     16,234        79,819  

Event Hospitality and Entertainment Ltd.

     3,807        39,043  

Fairfax Media Ltd.

     69,439        58,590  

Genworth Mortgage Insurance Australia Ltd.

     19,780        44,455  

Independence Group NL

     2,000        4,832  

IRESS Ltd.

     4,993        48,601  

Mineral Resources Ltd.

     1,992        16,578  

MYOB Group Ltd.

     6,820        17,891  

Navitas Ltd.

     11,454        42,611  

OceanaGold Corp.

     4,502        13,554  

OZ Minerals Ltd.

     5,762        32,750  

Pact Group Holdings Ltd.

     3,184        14,629  

Perpetual Ltd.

     1,574        67,454  

Premier Investments Ltd.

     4,230        41,109  

Primary Health Care Ltd.

     16,792        46,884  

Regis Healthcare Ltd.(a)

     5,406        16,296  

Regis Resources Ltd.

     14,500        42,042  

Seven Group Holdings Ltd.(a)

     14,047        117,876  

Sims Metal Management Ltd.

     2,976        34,652  

Super Retail Group Ltd.

     5,993        37,695  
     

 

 

 
Total Australia               956,911  
Austria – 0.1%      

RHI AG

     693        25,648  
Belgium – 0.5%      

Econocom Group S.A./N.V.

     3,904        32,598  

Euronav N.V.

     10,078        79,611  

Ion Beam Applications

     454        24,987  
     

 

 

 
Total Belgium               137,196  
Brazil – 0.7%      

Duratex S.A.

     2,000        4,932  

Grendene S.A.

     6,362        49,214  

Iguatemi Empresa de Shopping Centers S.A.

     788        7,829  

Mahle-Metal Leve S.A.

     4,752        27,896  

MRV Engenharia e Participacoes S.A.

     4,840        19,750  

Qualicorp S.A.

     3,715        32,180  

Sul America S.A.

     3,303        17,645  

TOTVS S.A.

     2,300        20,937  
     

 

 

 
Total Brazil               180,383  
Canada – 3.2%      

Canadian Western Bank(a)

     1,350        28,462  

Capital Power Corp.(a)

     3,744        70,112  

CES Energy Solutions Corp.

     7,407        32,966  

Chemtrade Logistics Income Fund

     2,748        38,489  

Cogeco Communications, Inc.

     550        33,545  

Corus Entertainment, Inc. Class B

     7,734        81,169  

EnerCare, Inc.

     3,353      50,913  

Enerplus Corp.

     11,735        95,058  

Intertape Polymer Group, Inc.

     1,088        20,684  

Laurentian Bank of Canada(a)

     702        29,281  

Mullen Group Ltd.

     3,149        38,796  

New Flyer Industries, Inc.

     450        18,794  

North West Co., Inc. (The)(a)

     2,135        51,390  

Pason Systems, Inc.

     900        13,403  

Russel Metals, Inc.

     2,825        56,470  

Secure Energy Services, Inc.

     3,375        22,999  

Superior Plus Corp.(a)

     5,254        46,201  

TransAlta Corp.

     15,981        102,012  

Uni-Select, Inc.

     338        8,151  

Westshore Terminals Investment Corp.

     2,231        36,092  
     

 

 

 
Total Canada               874,987  
Chile – 0.4%      

Engie Energia Chile S.A.

     16,996        31,017  

Inversiones Aguas Metropolitanas S.A.

     13,612        23,021  

Ripley Corp. S.A.

     29,886        22,754  

Vina Concha y Toro S.A.

     17,233        26,605  
     

 

 

 
Total Chile               103,397  
China – 2.0%      

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     18,000        26,332  

China Communications Services Corp., Ltd. Class H

     72,000        41,504  

China National Building Material Co., Ltd. Class H

     54,000        32,097  

China Oilfield Services Ltd. Class H

     8,000        6,415  

China South City Holdings Ltd.

     42,000        7,801  

China Southern Airlines Co., Ltd. Class H

     28,000        23,673  

China Travel International Investment Hong Kong Ltd.(a)

     84,000        24,211  

CITIC Telecom International Holdings Ltd.

     52,000        16,653  

Fuyao Glass Industry Group Co., Ltd. Class H(a)(b)

     5,600        21,449  

Guangzhou R&F Properties Co., Ltd. Class H

     21,600        33,591  

Jiangsu Expressway Co., Ltd. Class H

     36,000        50,820  

Jiangxi Copper Co., Ltd. Class H

     27,000        44,340  

Red Star Macalline Group Corp. Ltd. Class H(b)

     14,000        14,347  

Sinopec Engineering Group Co., Ltd. Class H

     19,500        17,585  

Sinotrans Ltd. Class H

     36,000        18,446  

SITC International Holdings Co., Ltd.

     62,000        48,765  

Tianneng Power International Ltd.

     14,000        11,496  

Weichai Power Co., Ltd. Class H

     36,000        31,543  

Yuzhou Properties Co., Ltd.

     53,000        31,366  

Zhejiang Expressway Co., Ltd. Class H

     36,000        47,038  
     

 

 

 
Total China               549,472  
Denmark – 0.5%      

Alm Brand A/S

     4,257        37,876  

Scandinavian Tobacco Group A/S Class A(b)

     2,816        45,790  

Schouw & Co. AB

     256        27,431  

Spar Nord Bank A/S

     1,692        22,166  
     

 

 

 
Total Denmark               133,263  
Finland – 0.3%      

Cramo Oyj

     539        16,106  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      87  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Sanoma Oyj

     797      $ 7,436  

Tikkurila Oyj

     911        19,669  

Uponor Oyj

     1,997        36,238  

YIT Oyj(a)

     2,179        18,192  
     

 

 

 
Total Finland               97,641  
France – 0.9%      

Coface S.A.

     3,172        31,764  

Gaztransport Et Technigaz S.A.

     1,659        66,179  

IPSOS

     862        32,297  

Neopost S.A.

     2,499        115,862  
     

 

 

 
Total France               246,102  
Germany – 1.2%      

BayWa AG

     633        22,468  

ElringKlinger AG(a)

     1,580        30,239  

Hamburger Hafen und Logistik AG

     2,069        45,119  

Indus Holding AG

     720        50,996  

Leoni AG

     493        25,345  

Pfeiffer Vacuum Technology AG

     266        38,879  

Sixt SE

     480        28,972  

Takkt AG

     828        20,672  

TLG Immobilien AG

     1,368        27,921  

Wacker Neuson SE

     1,781        43,125  
     

 

 

 
Total Germany               333,736  
Hong Kong – 0.2%      

China High Speed Transmission Equipment Group Co., Ltd.(a)

     15,000        16,429  

Chong Hing Bank Ltd.

     4,000        8,444  

Kowloon Development Co., Ltd.

     18,000        19,576  
     

 

 

 
Total Hong Kong               44,449  
Indonesia – 0.4%      

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     90,800        15,057  

Bumitama Agri Ltd.

     45,000        24,512  

Global Mediacom Tbk PT*

     360,000        15,667  

Indo Tambangraya Megah Tbk PT

     21,000        27,259  

Tambang Batubara Bukit Asam Persero Tbk PT

     17,700        15,871  
     

 

 

 
Total Indonesia               98,366  
Ireland – 0.3%      

C&C Group PLC

     10,659        39,134  

Grafton Group PLC

     3,939        36,072  
     

 

 

 
Total Ireland               75,206  
Israel – 0.4%      

Amot Investments Ltd.

     8,719        45,722  

First International Bank of Israel Ltd.

     1,574        28,533  

Strauss Group Ltd.

     1,831        35,852  
     

 

 

 
Total Israel               110,107  
Italy – 2.6%      

Anima Holding SpA(b)

     8,972        64,212  

ASTM SpA

     2,223        38,361  

Banca IFIS SpA

     731        29,656  

Banca Popolare di Sondrio SCPA

     7,441        29,297  

BPER Banca

     5,233        26,059  

Cerved Information Solutions SpA

     2,265      24,206  

Credito Emiliano SpA

     4,577        36,908  

ERG SpA

     4,267        59,909  

Interpump Group SpA

     655        17,885  

MARR SpA

     2,303        54,661  

OVS SpA(b)

     4,510        32,046  

Salini Impregilo SpA

     5,950        20,562  

Saras SpA

     58,070        134,980  

Societa Cattolica di Assicurazioni SCRL

     655        5,088  

Tod’s SpA(a)

     942        58,662  

Unipol Gruppo Finanziario SpA

     20,731        90,796  
     

 

 

 
Total Italy               723,288  
Japan – 13.3%      

77 Bank Ltd. (The)

     3,000        14,765  

Adastria Co., Ltd.

     1,300        36,214  

ADEKA Corp.

     2,700        41,091  

Ai Holdings Corp.(a)

     500        13,461  

Aica Kogyo Co., Ltd.

     2,400        73,051  

Alpine Electronics, Inc.

     1,100        16,457  

Amano Corp.

     1,800        37,471  

AOKI Holdings, Inc.

     2,100        26,633  

Arcs Co., Ltd.

     1,800        38,944  

Ariake Japan Co., Ltd.

     300        20,906  

Autobacs Seven Co., Ltd.

     2,400        38,960  

Bic Camera, Inc.

     1,800        19,096  

Capcom Co., Ltd.

     700        16,590  

Ci:z Holdings Co., Ltd.

     200        7,547  

Citizen Watch Co., Ltd.

     6,800        47,690  

Cocokara fine, Inc.

     300        14,818  

COOKPAD, Inc.(a)

     800        6,486  

Cosmo Energy Holdings Co., Ltd.

     1,200        18,914  

Daikyonishikawa Corp.

     1,000        13,341  

Daishi Bank Ltd. (The)

     3,000        13,804  

DCM Holdings Co., Ltd.

     3,600        31,559  

DMG Mori Co., Ltd.

     2,300        37,726  

Doutor Nichires Holdings Co., Ltd.

     900        19,112  

EDION Corp.(a)

     2,600        23,603  

Exedy Corp.

     1,800        50,703  

Fancl Corp.

     1,400        25,730  

Fuji Oil Holdings, Inc.

     1,000        23,122  

Fujikura Ltd.

     2,500        20,937  

Fujitec Co., Ltd.

     1,200        15,668  

GMO Internet, Inc.

     1,700        22,075  

Gree, Inc.*(a)

     2,000        17,462  

GS Yuasa Corp.

     6,000        26,113  

H2O Retailing Corp.

     1,900        34,547  

Hanwa Co., Ltd.

     3,000        21,467  

Hazama Ando Corp.

     2,400        15,123  

Heiwado Co., Ltd.

     600        12,832  

HIS Co., Ltd.(a)

     600        18,076  

Hogy Medical Co., Ltd.

     200        13,332  

Hokuetsu Kishu Paper Co., Ltd.

     4,500        35,284  

Hokuhoku Financial Group, Inc.

     1,700        27,098  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Hyakugo Bank Ltd. (The)

     5,000      $ 20,336  

Ibiden Co., Ltd.

     1,600        27,540  

Japan Aviation Electronics Industry Ltd.

     1,000        13,839  

Juroku Bank Ltd. (The)

     7,000        22,054  

kabu.com Securities Co., Ltd.

     13,500        45,417  

Kadokawa Dwango*

     700        9,046  

Kanamoto Co., Ltd.

     500        16,598  

Keihin Corp.

     1,500        20,465  

Keiyo Bank Ltd. (The)

     3,000        12,976  

Kobe Bussan Co., Ltd.

     200        9,470  

Kumagai Gumi Co., Ltd.

     5,000        16,064  

KYORIN Holdings, Inc.

     1,000        22,179  

Kyowa Exeo Corp.

     2,000        33,624  

Lintec Corp.

     1,800        43,030  

Maeda Road Construction Co., Ltd.

     2,000        39,907  

Meitec Corp.

     900        38,328  

Mitsubishi Shokuhin Co., Ltd.

     900        25,832  

Mitsui Engineering & Shipbuilding Co., Ltd.

     16,000        22,784  

Mitsui Mining & Smelting Co., Ltd.

     9,000        35,164  

Mochida Pharmaceutical Co., Ltd.

     900        64,881  

Modec, Inc.

     400        8,900  

Nachi-Fujikoshi Corp.

     4,000        22,677  

Nagase & Co., Ltd.

     4,200        63,882  

Nanto Bank Ltd. (The)

     300        8,544  

Nichias Corp.

     2,000        23,122  

Nihon Unisys Ltd.

     2,100        33,212  

Nikkon Holdings Co., Ltd.

     1,800        41,588  

Nippon Flour Mills Co., Ltd.

     4,500        72,130  

Nippon Gas Co., Ltd.

     200        6,479  

Nippon Light Metal Holdings Co., Ltd.

     14,400        34,219  

Nippon Steel & Sumikin Bussan Corp.

     1,100        52,768  

Nippon Suisan Kaisha Ltd.

     2,400        14,033  

Nishimatsu Construction Co., Ltd.

     6,000        31,826  

Nissan Shatai Co., Ltd.

     2,700        26,841  

Nissha Printing Co., Ltd.(a)

     300        8,317  

Nisshin Steel Co., Ltd.

     3,000        32,974  

Nisshinbo Holdings, Inc.

     3,500        35,511  

Nissin Kogyo Co., Ltd.

     1,100        17,465  

Noevir Holdings Co., Ltd.

     1,000        50,908  

NOF Corp.

     6,000        76,362  

Nomura Co., Ltd.

     700        15,949  

North Pacific Bank Ltd.

     6,800        23,784  

NS Solutions Corp.

     1,800        42,773  

NTN Corp.

     9,000        41,492  

Ogaki Kyoritsu Bank Ltd. (The)

     3,000        8,651  

Ohsho Food Service Corp.

     600        22,882  

Okamura Corp.

     1,900        18,026  

Okasan Securities Group, Inc.

     6,500        41,710  

Oki Electric Industry Co., Ltd.

     2,000        28,337  

OKUMA Corp.

     3,000        28,489  

Okumura Corp.

     5,000        33,642  

Onward Holdings Co., Ltd.

     4,000        29,583  

Open House Co., Ltd.

     600        18,476  

Paltac Corp.

     1,800        60,635  

Paramount Bed Holdings Co., Ltd.

     500      21,849  

Rengo Co., Ltd.

     3,000        17,408  

Ryosan Co., Ltd.

     900        32,841  

Saibu Gas Co., Ltd.

     18,000        42,453  

San-In Godo Bank Ltd. (The)

     1,500        12,616  

Sangetsu Corp.

     1,000        17,346  

Sankyu, Inc.

     5,000        32,574  

Sanrio Co., Ltd.(a)

     2,700        52,986  

Senko Group Holdings Co., Ltd.

     2,600        16,892  

Senshu Ikeda Holdings, Inc.

     3,400        14,343  

Shimachu Co., Ltd.

     900        21,435  

Ship Healthcare Holdings, Inc.

     600        18,663  

Showa Denko K.K.

     3,000        69,580  

SKY Perfect JSAT Holdings, Inc.

     6,000        25,792  

Starts Corp., Inc.

     900        21,395  

Sumitomo Warehouse Co., Ltd. (The)

     9,000        57,031  

T-Gaia Corp.

     2,700        51,232  

Tadano Ltd.

     1,900        22,812  

Taiyo Holdings Co., Ltd.

     500        22,472  

Taiyo Yuden Co., Ltd.

     1,400        21,954  

TechnoPro Holdings, Inc.

     700        28,159  

Toagosei Co., Ltd.

     1,400        18,192  

Toda Corp.

     3,000        18,690  

Tokai Rika Co., Ltd.

     1,900        34,953  

Tokai Tokyo Financial Holdings, Inc.

     3,600        19,961  

Topcon Corp.

     900        15,491  

Topre Corp.

     800        21,645  

Toridoll Holdings Corp.

     300        7,735  

Toshiba Plant Systems & Services Corp.

     1,000        15,771  

Toyo Ink SC Holdings Co., Ltd.

     6,000        31,506  

Toyo Tire & Rubber Co., Ltd.(a)

     2,300        46,856  

Toyobo Co., Ltd.

     23,000        42,168  

Transcosmos, Inc.

     800        19,153  

TS Tech Co., Ltd.

     1,000        29,103  

Tsubakimoto Chain Co.

     2,000        17,230  

UACJ Corp.

     5,000        13,706  

Ulvac, Inc.

     200        9,612  

Wacoal Holdings Corp.

     3,000        40,557  

Yoshinoya Holdings Co., Ltd.

     1,800        30,021  
     

 

 

 
Total Japan               3,677,712  
Malaysia – 0.6%      

AirAsia Bhd

     18,700        14,158  

Alliance Financial Group Bhd

     20,900        18,745  

Bumi Armada Bhd

     45,500        8,056  

Carlsberg Brewery Malaysia Bhd

     7,200        25,159  

Dutch Lady Milk Industries Bhd

     800        10,880  

KPJ Healthcare Bhd

     28,800        28,312  

Press Metal Bhd

     30,000        18,730  

QL Resources Bhd

     23,000        26,468  

Top Glove Corp. Bhd

     12,000        16,074  
     

 

 

 
Total Malaysia               166,582  
Mexico – 0.1%      

Banregio Grupo Financiero S.A.B. de C.V.

     4,554        28,927  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      89  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Grupo Financiero Interacciones S.A. de C.V.

     2,100      $ 11,093  
     

 

 

 
Total Mexico               40,020  
Netherlands – 0.9%      

Arcadis N.V.

     2,095        37,813  

BE Semiconductor Industries N.V.

     718        38,284  

Corbion N.V.

     1,082        34,554  

Flow Traders(b)

     1,103        30,381  

Refresco Group N.V.(b)

     1,720        35,057  

TKH Group N.V. CVA

     1,290        71,565  
     

 

 

 
Total Netherlands               247,654  
New Zealand – 1.9%      

Air New Zealand Ltd.

     64,082        152,962  

Chorus Ltd.

     16,181        54,855  

Genesis Energy Ltd.

     71,446        127,120  

Infratil Ltd.

     29,717        64,732  

Kiwi Property Group Ltd.

     41,949        43,308  

Mainfreight Ltd.

     942        16,209  

Trade Me Group Ltd.

     17,485        68,238  
     

 

 

 
Total New Zealand               527,424  
Norway – 1.1%      

AF Gruppen ASA

     1,778        31,839  

Atea ASA*

     4,437        59,325  

Austevoll Seafood ASA

     10,870        92,133  

Kongsberg Gruppen ASA

     2,816        44,711  

Ocean Yield ASA

     5,534        43,107  

SpareBank 1 SR-Bank ASA

     5,452        46,536  
     

 

 

 
Total Norway               317,651  
Philippines – 0.2%      

Cebu Air, Inc.

     5,950        11,544  

Filinvest Land, Inc.

     196,000        6,487  

Manila Water Co., Inc.

     9,000        5,538  

Nickel Asia Corp.

     144,300        18,302  

Vista Land & Lifescapes, Inc.

     66,700        7,680  
     

 

 

 
Total Philippines               49,551  
Poland – 0.2%      

Asseco Poland S.A.

     2,474        32,537  

Eurocash S.A.

     1,675        14,002  
     

 

 

 
Total Poland               46,539  
Portugal – 0.8%      

Corticeira Amorim, SGPS, S.A.

     1,790        26,255  

CTT – Correios de Portugal S.A.

     3,000        18,966  

REN – Redes Energeticas Nacionais, SGPS, S.A.

     6,000        18,758  

Semapa-Sociedade de Investimento e Gestao

     3,026        58,586  

Sonae, SGPS, S.A.

     97,003        107,760  
     

 

 

 
Total Portugal               230,325  
Russia – 0.1%      

LSR Group PJSC GDR Reg S

     11,418        32,541  
Singapore – 1.0%      

GuocoLand Ltd.

     20,700        28,415  

Keppel Infrastructure Trust

     162,600        66,724  

M1 Ltd.

     39,400      62,383  

United Engineers Ltd.

     11,900        23,682  

Venture Corp., Ltd.

     9,900        86,643  
     

 

 

 
Total Singapore               267,847  
South Africa – 0.7%      

African Rainbow Minerals Ltd.

     2,945        18,950  

Assore Ltd.

     1,895        28,182  

Barloworld Ltd.

     3,798        31,538  

Coronation Fund Managers Ltd.(a)

     8,827        43,918  

Harmony Gold Mining Co., Ltd.

     6,849        11,333  

JSE Ltd.

     891        8,331  

Massmart Holdings Ltd.

     858        6,908  

Santam Ltd.

     1,737        31,725  
     

 

 

 
Total South Africa               180,885  
South Korea – 0.9%      

Bukwang Pharmaceutical Co., Ltd.

     463        8,640  

Caregen Co., Ltd.

     131        7,316  

Cheil Worldwide, Inc.

     875        14,071  

Grand Korea Leisure Co., Ltd.

     882        17,268  

Hansae Co., Ltd.

     248        5,809  

Korean Reinsurance Co.

     1,755        18,560  

LIG Nex1 Co., Ltd.

     267        17,269  

LOTTE Himart Co., Ltd.

     452        27,575  

LS Corp.

     189        12,042  

LS Industrial Systems Co., Ltd.

     711        34,675  

Meritz Securities Co., Ltd.

     7,631        33,748  

NongShim Co., Ltd.

     48        14,159  

Paradise Co., Ltd.

     941        11,802  

SKC Co., Ltd.

     471        13,811  
     

 

 

 
Total South Korea               236,745  
Spain – 0.1%      

Applus Services S.A.

     1,007        12,657  

Faes Farma S.A.

     3,700        12,280  

Obrascon Huarte Lain S.A.(a)

     1,857        6,649  
     

 

 

 
Total Spain               31,586  
Sweden – 1.6%      

AddTech AB Class B

     1,664        31,664  

Betsson AB*

     3,766        32,594  

Bilia AB Class A

     3,600        35,532  

Clas Ohlson AB Class B

     2,301        44,195  

Cloetta AB Class B

     1,900        7,817  

Com Hem Holding AB

     2,906        40,311  

Hemfosa Fastigheter AB

     3,770        40,674  

Kungsleden AB

     4,343        26,569  

Modern Times Group MTG AB Class B

     2,336        80,317  

Mycronic AB(a)

     1,906        17,344  

Nobia AB

     4,390        44,241  

Ratos AB Class B

     3,423        16,314  

Wihlborgs Fastigheter AB

     1,754        37,016  
     

 

 

 
Total Sweden               454,588  
Switzerland – 0.5%      

EFG International AG*

     4,420        28,662  

 

See Notes to Financial Statements.

 

90   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

GAM Holding AG*

     4,615      $ 61,925  

Implenia AG Registered Shares

     241        18,069  

Valiant Holding AG Registered Shares

     307        35,360  
     

 

 

 
Total Switzerland               144,016  
Taiwan – 1.9%      

Chicony Electronics Co., Ltd.

     18,140        45,976  

China Airlines Ltd.

     137,000        41,568  

Eva Airways Corp.

     58,000        28,695  

Farglory Land Development Co., Ltd.

     11,000        14,103  

Grape King Bio Ltd.

     1,000        6,657  

Highwealth Construction Corp.

     23,000        38,106  

King’s Town Bank Co., Ltd.

     36,000        37,160  

Makalot Industrial Co., Ltd.

     5,000        24,162  

Merida Industry Co., Ltd.

     2,000        10,717  

Realtek Semiconductor Corp.

     18,000        64,793  

Synnex Technology International Corp.

     56,700        63,559  

Taichung Commercial Bank Co., Ltd.

     24,000        8,087  

Taiwan Fertilizer Co., Ltd.

     7,000        9,308  

Taiwan Secom Co., Ltd.

     18,000        54,260  

Teco Electric and Machinery Co., Ltd.

     36,000        34,615  

Transcend Information, Inc.

     11,000        36,884  

Wan Hai Lines Ltd.

     31,000        17,477  
     

 

 

 
Total Taiwan               536,127  
Thailand – 1.0%      

Bangchak Corp. PCL NVDR

     48,600        47,928  

Banpu PCL NVDR

     117,057        57,202  

BEC World PCL NVDR

     38,700        23,924  

Jasmine International PCL NVDR

     142,900        34,284  

Kiatnakin Bank PCL NVDR

     11,700        24,626  

MK Restaurants Group PCL NVDR

     19,100        35,141  

Star Petroleum Refining PCL

     67,600        29,054  

TTW PCL NVDR

     80,100        24,994  
     

 

 

 
Total Thailand               277,153  
Turkey – 0.4%      

Soda Sanayii AS

     12,249        22,811  

TAV Havalimanlari Holding AS

     6,963        37,300  

Turk Traktor ve Ziraat Makineleri AS

     1,727        38,707  
     

 

 

 
Total Turkey               98,818  
United Kingdom – 5.9%      

Assura PLC

     26,397        21,876  

BCA Marketplace PLC

     18,393        46,469  

BGEO Group PLC

     404        18,336  

Bodycote PLC

     8,512        83,312  

Bovis Homes Group PLC

     4,163        51,669  

Card Factory PLC

     19,076        73,642  

Carillion PLC(a)

     23,255        56,427  

Computacenter PLC

     3,828        40,326  

Cranswick PLC

     667        24,294  

Crest Nicholson Holdings PLC

     8,449        57,453  

Debenhams PLC

     42,411        23,826  

Dignity PLC

     747        24,122  

Diploma PLC

     2,762        39,644  

Drax Group PLC

     11,212      47,434  

Elementis PLC

     15,636        59,733  

Essentra PLC

     6,405        46,965  

Fidessa Group PLC

     1,310        39,427  

Galliford Try PLC

     2,899        43,719  

Genus PLC

     955        22,081  

Halfords Group PLC

     2,988        13,274  

J D Wetherspoon PLC

     2,249        28,498  

James Halstead PLC(a)

     4,239        25,769  

Just Group PLC

     12,900        21,331  

Kier Group PLC

     2,775        44,192  

Laird PLC

     9,000        16,191  

Marston’s PLC

     18,366        29,105  

Millennium & Copthorne Hotels PLC

     2,828        16,251  

Mitchells & Butlers PLC

     8,379        25,098  

Morgan Advanced Materials PLC

     8,539        31,467  

Pagegroup PLC

     9,647        59,622  

PayPoint PLC

     1,493        17,153  

QinetiQ Group PLC

     11,496        40,348  

Restaurant Group PLC (The)

     6,565        27,928  

Safestore Holdings PLC

     4,894        26,789  

Savills PLC

     2,489        28,403  

Stagecoach Group PLC

     24,935        60,341  

SuperGroup PLC

     1,776        34,489  

Synthomer PLC

     7,181        45,529  

Ted Baker PLC

     657        20,397  

Telecom Plus PLC

     2,015        30,231  

Ultra Electronics Holdings PLC

     1,239        32,961  

Unite Group PLC (The)

     3,340        28,157  

Vesuvius PLC

     9,211        63,472  

Victrex PLC

     1,562        38,063  

ZPG PLC(b)

     2,437        11,453  
     

 

 

 
Total United Kingdom               1,637,267  
United States – 49.2%      

1st Source Corp.

     178        8,533  

AAON, Inc.

     662        24,395  

AAR Corp.

     585        20,335  

Aaron’s, Inc.

     696        27,074  

Abaxis, Inc.

     343        18,186  

Abercrombie & Fitch Co. Class A

     6,500        80,860  

ADTRAN, Inc.

     2,233        46,111  

Advanced Drainage Systems, Inc.

     1,190        23,919  

Agree Realty Corp.

     1,263        57,934  

Albany International Corp. Class A

     958        51,157  

American Equity Investment Life Holding Co.

     1,337        35,136  

American States Water Co.

     616        29,205  

AMERISAFE, Inc.

     373        21,242  

Andersons, Inc. (The)

     1,036        35,379  

Apogee Enterprises, Inc.

     729        41,436  

Applied Industrial Technologies, Inc.

     1,961        115,797  

Archrock, Inc.

     5,734        65,368  

Artisan Partners Asset Management, Inc. Class A

     3,722        114,265  

Astec Industries, Inc.

     257        14,266  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      91  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Astoria Financial Corp.

     2,204      $ 44,411  

ATN International, Inc.

     309        21,148  

AZZ, Inc.

     675        37,665  

Badger Meter, Inc.

     978        38,973  

BancFirst Corp.

     428        41,345  

Banner Corp.

     865        48,881  

Boston Private Financial Holdings, Inc.

     3,440        52,804  

Brady Corp. Class A

     3,131        106,141  

Brink’s Co. (The)

     1,278        85,626  

Brooks Automation, Inc.

     3,941        85,480  

Buckle, Inc. (The)(a)

     5,503        97,953  

Cabot Microelectronics Corp.

     358        26,431  

Calavo Growers, Inc.

     550        37,978  

Caleres, Inc.

     1,645        45,698  

California Water Service Group

     2,780        102,304  

Chesapeake Lodging Trust

     4,000        97,880  

Chesapeake Utilities Corp.

     666        49,917  

Chico’s FAS, Inc.

     7,936        74,757  

Children’s Place, Inc. (The)

     458        46,762  

ClubCorp Holdings, Inc.

     2,300        30,130  

Coca-Cola Bottling Co. Consolidated

     124        28,380  

Cogent Communications Holdings, Inc.

     3,942        158,074  

Comfort Systems USA, Inc.

     916        33,984  

Commercial Metals Co.

     8,247        160,239  

CONMED Corp.

     1,227        62,503  

Consolidated Communications Holdings, Inc.

     6,902        148,186  

Core-Mark Holding Co., Inc.

     1,046        34,581  

CoreCivic, Inc.

     18,046        497,709  

Coty, Inc. Class A

     1,641        30,785  

CSG Systems International, Inc.

     1,432        58,111  

Cubic Corp.

     441        20,418  

CVR Energy, Inc.(a)

     20,318        442,120  

Dean Foods Co.

     3,982        67,694  

Delek U.S. Holdings, Inc.

     4,307        113,877  

DiamondRock Hospitality Co.

     14,649        160,407  

Diebold Nixdorf, Inc.

     6,882        192,696  

DineEquity, Inc.

     2,456        108,187  

DSW, Inc. Class A

     6,605        116,908  

Ebix, Inc.(a)

     828        44,629  

EnPro Industries, Inc.

     636        45,391  

Ensign Group, Inc. (The)

     1,109        24,143  

ESCO Technologies, Inc.

     612        36,506  

Exponent, Inc.

     787        45,882  

FBL Financial Group, Inc. Class A

     783        48,155  

Fidelity & Guaranty Life(a)

     1,586        49,245  

Financial Engines, Inc.

     1,030        37,698  

First Financial Bancorp

     2,402        66,535  

First Merchants Corp.

     1,158        46,482  

First Midwest Bancorp, Inc.

     2,213        51,585  

Forward Air Corp.

     931        49,604  

Four Corners Property Trust, Inc.

     3,362        84,420  

Franklin Street Properties Corp.

     8,580        95,066  

Gannett Co., Inc.

     13,000        113,360  

GATX Corp.

     3,122        200,651  

GEO Group, Inc. (The)

     15,481      457,773  

Global Net Lease, Inc.

     6,951        154,590  

Government Properties Income Trust(a)

     8,387        153,566  

Greenbrier Cos., Inc. (The)

     1,334        61,698  

Greif, Inc. Class A

     1,847        103,026  

Group 1 Automotive, Inc.

     761        48,187  

Guess?, Inc.

     11,089        141,717  

Heartland Express, Inc.

     973        20,258  

Herman Miller, Inc.

     2,837        86,245  

HNI Corp.

     2,499        99,635  

Horace Mann Educators Corp.

     1,450        54,810  

Independent Bank Corp.

     801        53,387  

Infinity Property & Casualty Corp.

     469        44,086  

Innospec, Inc.

     567        37,167  

Insperity, Inc.

     955        67,805  

Inter Parfums, Inc.

     1,315        48,195  

Kaiser Aluminum Corp.

     514        45,499  

Kaman Corp.

     1,124        56,054  

KapStone Paper and Packaging Corp.

     4,062        83,799  

KB Home

     1,753        42,019  

Knoll, Inc.

     3,067        61,493  

Korn/Ferry International

     2,289        79,039  

Kronos Worldwide, Inc.

     18,758        341,771  

La-Z-Boy, Inc.

     2,005        65,162  

LegacyTexas Financial Group, Inc.

     1,227        46,786  

ManTech International Corp. Class A

     1,031        42,663  

Matson, Inc.

     933        28,027  

MDC Holdings, Inc.

     4,573        161,564  

Methode Electronics, Inc.

     732        30,158  

Mobile Mini, Inc.

     2,708        80,834  

Monmouth Real Estate Investment Corp. Class A

     4,349        65,452  

Monogram Residential Trust, Inc.

     6,882        66,824  

Monotype Imaging Holdings, Inc.

     600        10,980  

Mueller Industries, Inc.

     1,430        43,544  

National HealthCare Corp.

     882        61,863  

NBT Bancorp, Inc.

     1,646        60,820  

Neenah Paper, Inc.

     612        49,113  

Nelnet, Inc. Class A

     499        23,458  

New Senior Investment Group, Inc.

     11,289        113,454  

Nexstar Media Group, Inc. Class A

     1,227        73,375  

NIC, Inc.

     3,262        61,815  

Northwest Bancshares, Inc.

     5,077        79,252  

Northwest Natural Gas Co.

     1,880        112,518  

NRG Yield, Inc. Class C

     7,347        129,307  

Otter Tail Corp.

     2,852        112,939  

Oxford Industries, Inc.

     716        44,743  

Park National Corp.

     795        82,457  

Pennsylvania Real Estate Investment Trust

     4,598        52,049  

PH Glatfelter Co.

     2,083        40,702  

Plantronics, Inc.

     779        40,749  

Potlatch Corp.

     2,438        111,417  

Power Integrations, Inc.

     756        55,112  

Provident Financial Services, Inc.

     3,003        76,216  

Quad/Graphics, Inc.

     3,303        75,705  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Quaker Chemical Corp.

     387      $ 56,204  

Renasant Corp.

     1,384        60,536  

Rexford Industrial Realty, Inc.

     2,103        57,706  

RR Donnelley & Sons Co.

     15,967        200,226  

S&T Bancorp, Inc.

     1,301        46,654  

Sabra Health Care REIT, Inc.

     5,841        140,768  

Safety Insurance Group, Inc.

     861        58,806  

Saul Centers, Inc.

     882        51,138  

Scholastic Corp.

     1,209        52,700  

Schweitzer-Mauduit International, Inc.

     2,101        78,220  

Seritage Growth Properties Class A(a)

     840        35,238  

ServisFirst Bancshares, Inc.

     594        21,913  

Shenandoah Telecommunications Co.

     1,117        34,292  

Simmons First National Corp. Class A

     665        35,179  

SkyWest, Inc.

     998        35,030  

Sonic Corp.

     1,789        47,391  

South State Corp.

     588        50,392  

SpartanNash Co.

     1,651        42,860  

STAG Industrial, Inc.

     5,334        147,218  

Standard Motor Products, Inc.

     591        30,862  

Standex International Corp.

     252        22,856  

State Auto Financial Corp.

     947        24,366  

Steelcase, Inc. Class A

     6,912        96,768  

Stepan Co.

     693        60,388  

Stewart Information Services Corp.

     804        36,486  

Sturm Ruger & Co., Inc.(a)

     1,140        70,851  

Summit Hotel Properties, Inc.

     4,701        87,674  

TeleTech Holdings, Inc.

     1,574        64,219  

Tennant Co.

     567        41,845  

TerraForm Power, Inc. Class A*

     4,267        51,204  

Terreno Realty Corp.

     2,000        67,320  

Time, Inc.

     12,999        186,536  

Tompkins Financial Corp.

     356        28,024  

Tootsie Roll Industries, Inc.(a)

     1,109        38,649  

Towne Bank

     1,477        45,492  

Triumph Group, Inc.

     811        25,628  

Trustmark Corp.

     3,010        96,802  

U.S. Ecology, Inc.

     828        41,814  

Union Bankshares Corp.

     1,726        58,511  

United Community Banks, Inc.

     1,136        31,581  

United Fire Group, Inc.

     900        39,654  

Universal Corp.

     1,878        121,507  

Waddell & Reed Financial, Inc. Class A

     11,253        212,457  

Watts Water Technologies, Inc. Class A

     738        46,642  

WD-40 Co.

     531        58,596  

Weis Markets, Inc.

     1,377        67,087  

Werner Enterprises, Inc.

     1,706        50,071  

WesBanco, Inc.

     1,658        65,557  

West Corp.

     7,192        167,717  

Westamerica Bancorporation

     1,119        62,709  

Windstream Holdings, Inc.(a)

     9,411        36,515  

Xenia Hotels & Resorts, Inc.

     10,045        194,572  

Xperi Corp.

     2,186      65,143  
     

 

 

 
Total United States               13,566,544  
TOTAL COMMON STOCKS
(Cost: $22,477,176)
              27,457,727  
RIGHTS – 0.0%      
New Zealand – 0.0%      

Kiwi Property Group Ltd., expiring 7/10/17*

     
(Cost $0)      3,814        140  
EXCHANGE-TRADED NOTE – 0.1%      
United States – 0.1%      

iPath MSCI India Index ETN*

     
(Cost: $24,585)      405        31,039  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.1%  
United States – 5.1%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c)

     
(Cost: $1,394,805)(d)      1,394,805        1,394,805  
TOTAL INVESTMENTS IN SECURITIES – 104.8%
(Cost: $23,896,566)
        28,883,711  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (4.8)%

        (1,322,722
     

 

 

 
NET ASSETS – 100.0%             $ 27,560,989  
* 

Non-income producing security.

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $18,730, which represents 0.07% of net assets.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(d) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $1,627,047 and the total market value of the collateral held by the Fund was $1,694,215. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $299,410.

CVA – Certificaten Van Aandelen (Certificate of Stock)

ETN – Exchange-Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2017

    JPY       800,000       USD       7,112     $ (8

 

CURRENCY LEGEND

JPY – Japanese yen

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      93  


Table of Contents

Schedule of Investments

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
Brazil – 2.9%      

Embraer S.A.

     10,461      $ 47,770  

Iochpe Maxion S.A.

     7,728        38,812  

JBS S.A.

     15,816        31,172  

Tupy S.A.

     6,800        32,633  

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     2,752        12,301  
     

 

 

 
Total Brazil               162,688  
Chile – 0.3%      

Vina Concha y Toro S.A.

     9,293        14,346  
China – 3.1%      

COSCO SHIPPING Holdings Co., Ltd. Class H*

     91,000        43,014  

Minth Group Ltd.

     14,000        59,361  

Semiconductor Manufacturing International Corp.*

     21,900        25,389  

WH Group Ltd.(a)

     44,500        44,919  
     

 

 

 
Total China               172,683  
Hong Kong – 0.8%      

China High Speed Transmission Equipment Group Co., Ltd.(b)

     43,000        47,096  
India – 21.2%      

Aurobindo Pharma Ltd.

     6,218        65,857  

Bharat Forge Ltd.

     3,639        61,515  

Cadila Healthcare Ltd.

     8,129        66,044  

Cipla Ltd.

     4,907        42,179  

Cyient Ltd.

     2,342        18,395  

Dishman Carbogen Amcis Ltd.*

     9,356        43,597  

Divi’s Laboratories Ltd.*

     2,608        26,115  

Dr Reddy’s Laboratories Ltd. ADR

     649        27,349  

Dr. Reddy’s Laboratories Ltd.

     821        34,169  

eClerx Services Ltd.

     539        11,023  

Firstsource Solutions Ltd.*

     24,512        12,931  

Glenmark Pharmaceuticals Ltd.

     4,147        40,599  

Granules India Ltd.

     9,954        20,543  

HCL Technologies Ltd.

     2,549        33,556  

Hexaware Technologies Ltd.

     4,295        16,097  

Himatsingka Seide Ltd.

     3,019        15,894  

Infosys Ltd.

     2,807        40,628  

Infosys Ltd. ADR

     2,244        33,705  

Jubilant Life Sciences Ltd.

     2,240        23,726  

KPIT Technologies Ltd.

     8,810        16,731  

Larsen & Toubro Infotech Ltd.(a)

     700        8,542  

Lupin Ltd.

     3,051        50,027  

Mindtree Ltd.

     3,262        26,697  

Mphasis Ltd.

     1,469        13,625  

Natco Pharma Ltd.

     3,680        57,030  

NIIT Technologies Ltd.

     3,629        32,420  

Oracle Financial Services Software Ltd.

     107        5,975  

Persistent Systems Ltd.

     1,185        12,506  

Strides Shasun Ltd.

     2,091        32,367  

Sun Pharmaceutical Industries Ltd.

     8,341        71,709  

Suven Life Sciences Ltd.

     5,251        13,953  

Tata Coffee Ltd.

     7,587        15,130  

Tata Consultancy Services Ltd.

     889      32,491  

Tata Elxsi Ltd.

     418        10,248  

Tata Global Beverages Ltd.

     12,989        30,273  

Tata Motors Ltd.

     6,370        42,628  

Tech Mahindra Ltd.

     2,661        15,726  

Wipro Ltd.

     5,350        21,383  

Wipro Ltd. ADR

     1,010        5,252  

Wockhardt Ltd.

     3,944        36,860  
     

 

 

 
Total India               1,185,495  
Malaysia – 2.0%      

Genting Malaysia Bhd

     30,700        39,335  

MISC Bhd

     27,300        47,443  

Supermax Corp. Bhd

     9,100        4,219  

VS Industry Bhd

     42,900        20,687  
     

 

 

 
Total Malaysia               111,684  
Mexico – 4.9%      

Alfa S.A.B. de C.V. Class A

     33,500        47,789  

Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A*(b)

     39,707        58,245  

Genomma Lab Internacional S.A.B. de C.V. Class B*

     21,459        27,696  

Gruma S.A.B. de C.V. Class B

     3,268        42,734  

Grupo Bimbo S.A.B. de C.V. Series A

     11,820        29,779  

Grupo Comercial Chedraui S.A. de C.V.

     17,118        35,125  

Industrias Bachoco S.A.B. de C.V. Series B

     4,545        21,781  

Nemak S.A.B. de C.V.(a)

     9,876        9,500  
     

 

 

 
Total Mexico               272,649  
Philippines – 0.6%      

International Container Terminal Services, Inc.

     17,990        34,868  
Poland – 0.6%      

CD Projekt S.A.

     1,439        33,388  
Singapore – 1.2%      

IGG, Inc.(b)

     43,000        66,319  
South Africa – 0.4%      

DataTec Ltd.

     5,502        25,300  
South Korea – 27.2%      

AeroSpace Technology of Korea, Inc.*

     590        8,869  

Chabiotech Co., Ltd.*

     1,270        13,819  

Dongkuk Structures & Construction Co., Ltd.

     7,737        46,795  

Doosan Corp.

     381        39,627  

Doosan Heavy Industries & Construction Co., Ltd.

     1,961        35,907  

Doosan Infracore Co., Ltd.*

     4,173        30,819  

Gamevil, Inc.*

     195        10,618  

Genexine Co., Ltd.*

     436        18,367  

Halla Holdings Corp.

     721        40,456  

Hankook Tire Co., Ltd.

     719        39,967  

Hansae Co., Ltd.

     2,446        57,294  

Homecast Co., Ltd.*

     2,665        21,592  

Humax Co., Ltd.

     1,244        12,612  

Hyundai Corp.

     435        7,680  

Hyundai Glovis Co., Ltd.

     369        50,634  

Hyundai Merchant Marine Co., Ltd.*

     6,903        52,791  

 

See Notes to Financial Statements.

 

94   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Hyundai Motor Co.

     694      $ 96,747  

i-SENS, Inc.

     445        10,696  

Innocean Worldwide, Inc.

     788        43,940  

Kia Motors Corp.

     1,407        46,976  

Koh Young Technology, Inc.

     401        21,029  

Kumho Tire Co., Inc.*

     2,860        18,773  

LG Electronics, Inc.

     904        63,366  

LS Corp.

     1,003        63,907  

Mando Corp.

     166        37,360  

NCSoft Corp.

     93        30,847  

Nexen Tire Corp.

     1,827        21,318  

S&T Motiv Co., Ltd.

     935        41,269  

Samsung Electronics Co., Ltd.

     175        363,567  

SK Hynix, Inc.

     1,490        87,773  

SL Corp.

     2,317        43,742  

Sung Kwang Bend Co., Ltd.

     3,807        35,603  
     

 

 

 
Total South Korea               1,514,760  
Taiwan – 32.5%      

Accton Technology Corp.

     14,000        35,713  

Acer, Inc.*

     50,000        26,216  

Adlink Technology, Inc.

     5,223        10,577  

Advanced Semiconductor Engineering, Inc.

     22,655        29,082  

Advantech Co., Ltd.

     2,199        15,578  

Aerospace Industrial Development Corp.

     20,000        23,537  

Alpha Networks, Inc.

     31,000        28,330  

Asia Optical Co., Inc.*

     19,000        33,915  

Asustek Computer, Inc.

     3,000        28,353  

Bizlink Holding, Inc.

     5,638        39,848  

Career Technology MFG. Co., Ltd.

     15,000        10,281  

Casetek Holdings Ltd.

     2,000        6,706  

Catcher Technology Co., Ltd.

     3,000        35,848  

Cheng Uei Precision Industry Co., Ltd.

     1,000        1,374  

China Airlines Ltd.

     101,000        30,645  

CMC Magnetics Corp.*

     78,000        10,231  

Compal Electronics, Inc.

     20,000        13,478  

Cub Elecparts, Inc.

     5,498        71,752  

CyberTAN Technology, Inc.

     16,000        10,572  

Delta Electronics, Inc.

     5,000        27,367  

Eclat Textile Co., Ltd.

     2,022        24,660  

Eva Airways Corp.

     73,250        36,240  

Evergreen Marine Corp. Taiwan Ltd.*

     74,000        37,584  

Feng TAY Enterprise Co., Ltd.

     4,920        21,753  

FLEXium Interconnect, Inc.

     3,000        11,292  

Foxsemicon Integrated Technology, Inc.

     4,000        20,644  

General Interface Solution Holding Ltd.

     5,000        36,982  

Getac Technology Corp.

     22,000        29,290  

Global Unichip Corp.

     5,000        21,203  

Hon Hai Precision Industry Co., Ltd.

     30,700        118,077  

Hota Industrial Manufacturing Co., Ltd.

     7,085        34,936  

IEI Integration Corp.

     6,000        9,270  

Inventec Corp.

     10,000        8,153  

Iron Force Industrial Co., Ltd.

     6,000        29,389  

Kenda Rubber Industrial Co., Ltd.

     8,320        13,210  

King Slide Works Co., Ltd.

     3,000      42,111  

Kinpo Electronics, Inc.

     56,000        20,802  

Lite-On Technology Corp.

     13,219        21,728  

Makalot Industrial Co., Ltd.

     8,419        40,684  

Micro-Star International Co., Ltd.

     12,000        27,890  

Nan Kang Rubber Tire Co., Ltd.

     20,000        18,836  

Nien Made Enterprise Co., Ltd.

     5,000        55,473  

Orient Semiconductor Electronics Ltd.*

     14,000        3,746  

Pegatron Corp.

     6,000        18,797  

Pihsiang Machinery Manufacturing Co., Ltd.*

     5,000        2,844  

Posiflex Technology, Inc.

     2,239        12,145  

Pou Chen Corp.

     31,000        42,903  

Primax Electronics Ltd.

     13,000        26,667  

Qisda Corp.

     54,000        41,272  

Quanta Computer, Inc.

     12,000        28,402  

Ritek Corp.*

     59,000        10,241  

ScinoPharm Taiwan Ltd.

     11,560        15,866  

ShunSin Technology Holding Ltd.

     3,000        10,848  

Siliconware Precision Industries Co., Ltd.*

     15,000        24,236  

Taiwan Semiconductor Manufacturing Co., Ltd.

     32,000        219,329  

Tong Yang Industry Co., Ltd.

     21,000        39,004  

TPK Holding Co., Ltd.*

     7,000        21,446  

TYC Brother Industrial Co., Ltd.

     35,000        37,048  

Unitech Printed Circuit Board Corp.

     16,000        5,602  

Visual Photonics Epitaxy Co., Ltd.

     5,750        11,530  

Vivotek, Inc.

     4,664        13,308  

Wistron NeWeb Corp.

     4,360        12,985  

Yang Ming Marine Transport Corp.*

     49,065        20,242  

Zeng Hsing Industrial Co., Ltd.

     2,000        9,533  

Zhen Ding Technology Holding Ltd.

     2,000        4,740  

Zinwell Corp.

     9,000        9,216  
     

 

 

 
Total Taiwan               1,811,560  
Thailand – 1.5%      

Delta Electronics Thailand PCL NVDR

     8,700        22,217  

Thai Union Group PCL NVDR

     96,700        60,064  
     

 

 

 
Total Thailand               82,281  
Turkey – 0.5%      

Kordsa Teknik Tekstil AS

     11,437        27,208  
TOTAL COMMON STOCKS
(Cost: $4,937,498)
              5,562,325  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.7%  
United States – 1.7%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c)

     
(Cost: $93,741)(d)      93,741        93,741  
TOTAL INVESTMENTS IN SECURITIES – 101.4%
(Cost: $5,031,239)
        5,656,066  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (1.4)%

        (78,062
     

 

 

 
NET ASSETS – 100.0%             $ 5,578,004  
* 

Non-income producing security.

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $46,441, which represents 0.83% of net assets.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      95  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

June 30, 2017

 

  

 

 

 

(a) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(b) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(d) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $148,669 and the total market value of the collateral held by the Fund was $156,904. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $63,163.

ADR – American Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

See Notes to Financial Statements.

 

96   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments

WisdomTree U.S. Domestic Economy Fund (WUSA)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 1.1%      

Huntington Ingalls Industries, Inc.

     18      $ 3,351  

Northrop Grumman Corp.

     61        15,659  

Spirit AeroSystems Holdings, Inc. Class A

     63        3,650  
     

 

 

 
Total Aerospace & Defense               22,660  
Air Freight & Logistics – 0.1%      

C.H. Robinson Worldwide, Inc.

     46        3,159  
Airlines – 1.1%      

Alaska Air Group, Inc.

     58        5,206  

Southwest Airlines Co.

     307        19,077  
     

 

 

 
Total Airlines               24,283  
Automobiles – 0.1%      

Thor Industries, Inc.

     19        1,986  
Banks – 12.6%      

Bank of America Corp.

     2,905        70,475  

Bank of the Ozarks, Inc.

     22        1,031  

BB&T Corp.

     235        10,671  

BOK Financial Corp.

     13        1,094  

Citizens Financial Group, Inc.

     141        5,031  

Comerica, Inc.

     34        2,490  

Commerce Bancshares, Inc.

     21        1,194  

Cullen/Frost Bankers, Inc.

     15        1,409  

East West Bancorp, Inc.

     36        2,109  

Fifth Third Bancorp

     277        7,191  

First Republic Bank

     33        3,303  

Huntington Bancshares, Inc.

     226        3,056  

KeyCorp

     208        3,898  

M&T Bank Corp.

     37        5,992  

PacWest Bancorp

     30        1,401  

People’s United Financial, Inc.

     67        1,183  

PNC Financial Services Group, Inc. (The)

     144        17,981  

Prosperity Bancshares, Inc.

     18        1,156  

Regions Financial Corp.

     358        5,241  

Signature Bank*

     13        1,866  

SunTrust Banks, Inc.

     156        8,848  

SVB Financial Group*

     9        1,582  

Synovus Financial Corp.

     25        1,106  

U.S. Bancorp

     511        26,531  

Webster Financial Corp.

     16        836  

Wells Fargo & Co.

     1,413        78,294  

Western Alliance Bancorp*

     24        1,181  

Zions Bancorp

     72        3,162  
     

 

 

 
Total Banks               269,312  
Beverages – 0.8%      

Constellation Brands, Inc. Class A

     61        11,818  

Dr. Pepper Snapple Group, Inc.

     64        5,831  
     

 

 

 
Total Beverages               17,649  
Biotechnology – 0.7%      

Incyte Corp.*

     6      $ 755  

Regeneron Pharmaceuticals, Inc.*

     18        8,841  

United Therapeutics Corp.*

     33        4,281  
     

 

 

 
Total Biotechnology               13,877  
Building Products – 0.2%      

Fortune Brands Home & Security, Inc.

     48        3,132  

Lennox International, Inc.

     10        1,836  
     

 

 

 
Total Building Products               4,968  
Capital Markets – 2.1%      

Ameriprise Financial, Inc.

     46        5,855  

CBOE Holdings, Inc.

     13        1,188  

Charles Schwab Corp. (The)

     210        9,022  

CME Group, Inc.

     73        9,143  

E*TRADE Financial Corp.*

     82        3,118  

Eaton Vance Corp.

     22        1,041  

MarketAxess Holdings, Inc.

     3        603  

Raymond James Financial, Inc.

     34        2,728  

SEI Investments Co.

     30        1,613  

T. Rowe Price Group, Inc.

     75        5,566  

TD Ameritrade Holding Corp.

     111        4,772  
     

 

 

 
Total Capital Markets               44,649  
Chemicals – 0.5%      

Scotts Miracle-Gro Co. (The)

     20        1,789  

Sherwin-Williams Co. (The)

     24        8,423  
     

 

 

 
Total Chemicals               10,212  
Commercial Services & Supplies – 1.1%      

Cintas Corp.

     30        3,781  

Copart, Inc.*

     78        2,480  

KAR Auction Services, Inc.

     60        2,518  

Republic Services, Inc.

     78        4,971  

Rollins, Inc.

     36        1,466  

Waste Management, Inc.

     123        9,022  
     

 

 

 
Total Commercial Services & Supplies               24,238  
Communications Equipment – 0.2%      

Harris Corp.

     45        4,909  
Construction Materials – 0.4%      

Eagle Materials, Inc.

     15        1,386  

Martin Marietta Materials, Inc.

     15        3,339  

Vulcan Materials Co.

     27        3,420  
     

 

 

 
Total Construction Materials               8,145  
Consumer Finance – 2.1%      

Ally Financial, Inc.

     238        4,974  

Capital One Financial Corp.

     181        14,954  

Discover Financial Services

     165        10,262  

Santander Consumer USA Holdings, Inc.*

     262        3,343  

SLM Corp.*

     88        1,012  

Synchrony Financial

     310        9,244  
     

 

 

 
Total Consumer Finance               43,789  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      97  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Domestic Economy Fund (WUSA)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
Containers & Packaging – 0.3%      

Packaging Corp. of America

     37      $ 4,121  

WestRock Co.

     28        1,587  
     

 

 

 
Total Containers & Packaging               5,708  
Distributors – 0.2%      

Genuine Parts Co.

     49        4,545  
Diversified Consumer Services – 0.1%      

Service Corp. International

     58        1,940  

ServiceMaster Global Holdings, Inc.*

     30        1,176  
     

 

 

 
Total Diversified Consumer Services               3,116  
Diversified Financial Services – 3.8%      

Berkshire Hathaway, Inc. Class B*

     474        80,281  

Leucadia National Corp.

     15        393  
     

 

 

 
Total Diversified Financial Services               80,674  
Diversified Telecommunication Services – 8.6%     

AT&T, Inc.

     2,264        85,421  

CenturyLink, Inc.(a)

     207        4,943  

Verizon Communications, Inc.

     2,086        93,161  
     

 

 

 
Total Diversified Telecommunication Services               183,525  
Electric Utilities – 3.3%      

Alliant Energy Corp.

     39        1,567  

American Electric Power Co., Inc.

     36        2,501  

Avangrid, Inc.

     57        2,517  

Duke Energy Corp.

     120        10,031  

Edison International

     67        5,239  

Eversource Energy

     63        3,825  

Exelon Corp.

     123        4,437  

Great Plains Energy, Inc.

     50        1,464  

NextEra Energy, Inc.

     88        12,331  

OGE Energy Corp.

     37        1,287  

PG&E Corp.

     105        6,969  

Pinnacle West Capital Corp.

     22        1,873  

Southern Co. (The)

     198        9,480  

Westar Energy, Inc.

     22        1,166  

Xcel Energy, Inc.

     105        4,817  
     

 

 

 
Total Electric Utilities               69,504  
Electrical Equipment – 0.2%      

Acuity Brands, Inc.

     9        1,830  

Hubbell, Inc.

     18        2,037  
     

 

 

 
Total Electrical Equipment               3,867  
Electronic Equipment, Instruments & Components – 0.2%  

CDW Corp.

     58        3,627  
Equity Real Estate Investment Trusts (REITs) – 5.3%      

American Campus Communities, Inc.

     12        568  

Apartment Investment & Management Co. Class A

     49        2,106  

AvalonBay Communities, Inc.

     28        5,381  

Boston Properties, Inc.

     19        2,337  

Brixmor Property Group, Inc.

     58        1,037  

Camden Property Trust

     28        2,394  

Colony NorthStar, Inc. Class A

     30        423  

Crown Castle International Corp.

     19        1,903  

DDR Corp.

     6      54  

Douglas Emmett, Inc.

     7        267  

Duke Realty Corp.

     64        1,789  

Equity LifeStyle Properties, Inc.

     12        1,036  

Equity Residential

     337        22,185  

Essex Property Trust, Inc.

     9        2,315  

Extra Space Storage, Inc.

     25        1,950  

Federal Realty Investment Trust

     9        1,138  

Forest City Realty Trust, Inc. Class A

     72        1,740  

Gaming and Leisure Properties, Inc.

     43        1,620  

GGP, Inc.

     276        6,503  

HCP, Inc.

     7        224  

Highwoods Properties, Inc.

     9        456  

Hospitality Properties Trust

     16        466  

Host Hotels & Resorts, Inc.

     210        3,837  

Hudson Pacific Properties, Inc.

     6        205  

Kilroy Realty Corp.

     21        1,578  

Kimco Realty Corp.

     70        1,285  

Lamar Advertising Co. Class A

     16        1,177  

Liberty Property Trust

     43        1,751  

Macerich Co. (The)

     37        2,148  

Mid-America Apartment Communities, Inc.

     12        1,265  

National Retail Properties, Inc.

     25        978  

Omega Healthcare Investors, Inc.

     54        1,783  

Prologis, Inc.

     131        7,682  

Public Storage

     25        5,213  

Realty Income Corp.

     25        1,379  

Regency Centers Corp.

     13        814  

SBA Communications Corp.*

     6        809  

Simon Property Group, Inc.

     52        8,412  

SL Green Realty Corp.

     10        1,058  

Spirit Realty Capital, Inc.

     39        289  

Sun Communities, Inc.

     6        526  

UDR, Inc.

     43        1,676  

Ventas, Inc.

     51        3,543  

Vornado Realty Trust

     37        3,474  

Welltower, Inc.

     46        3,443  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               112,217  
Food & Staples Retailing – 3.1%      

CVS Health Corp.

     508        40,874  

Kroger Co. (The)

     544        12,686  

Rite Aid Corp.*

     127        375  

Sysco Corp.

     135        6,795  

US Foods Holding Corp.*

     57        1,551  

Whole Foods Market, Inc.

     112        4,716  
     

 

 

 
Total Food & Staples Retailing               66,997  
Food Products – 1.9%      

Campbell Soup Co.

     90        4,694  

Conagra Brands, Inc.

     91        3,254  

Hershey Co. (The)

     42        4,510  

Hormel Foods Corp.

     192        6,549  

J.M. Smucker Co. (The)

     36        4,260  

Pilgrim’s Pride Corp.*

     126        2,762  

 

See Notes to Financial Statements.

 

98   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Domestic Economy Fund (WUSA)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Pinnacle Foods, Inc.

     28      $ 1,663  

Post Holdings, Inc.*

     3        233  

Tyson Foods, Inc. Class A

     207        12,964  
     

 

 

 
Total Food Products               40,889  
Gas Utilities – 0.1%      

Atmos Energy Corp.

     19        1,576  
Health Care Equipment & Supplies – 0.0%      

ABIOMED, Inc.*

     1        143  
Health Care Providers & Services – 10.8%      

Aetna, Inc.

     133        20,193  

Anthem, Inc.

     115        21,635  

Cardinal Health, Inc.

     123        9,584  

Centene Corp.*

     66        5,272  

Cigna Corp.

     87        14,563  

DaVita, Inc.*

     130        8,419  

Envision Healthcare Corp.*

     23        1,441  

Express Scripts Holding Co.*

     397        25,344  

HCA Healthcare, Inc.*

     240        20,928  

Humana, Inc.

     22        5,294  

Laboratory Corp. of America Holdings*

     33        5,087  

McKesson Corp.

     101        16,619  

MEDNAX, Inc.*

     37        2,234  

Quest Diagnostics, Inc.

     51        5,669  

UnitedHealth Group, Inc.

     315        58,407  

Universal Health Services, Inc. Class B

     37        4,517  

VCA, Inc.*

     32        2,954  

WellCare Health Plans, Inc.*

     12        2,155  
     

 

 

 
Total Health Care Providers & Services               230,315  
Health Care Technology – 0.2%      

Cerner Corp.*

     78        5,185  
Hotels, Restaurants & Leisure – 0.9%      

Chipotle Mexican Grill, Inc.*

     1        416  

Darden Restaurants, Inc.

     45        4,070  

Domino’s Pizza, Inc.

     7        1,481  

Hilton Worldwide Holdings, Inc.

     70        4,329  

Marriott International, Inc. Class A

     58        5,818  

Panera Bread Co. Class A*

     4        1,258  

Six Flags Entertainment Corp.

     21        1,252  

Vail Resorts, Inc.

     6        1,217  
     

 

 

 
Total Hotels, Restaurants & Leisure               19,841  
Household Durables – 1.4%      

D.R. Horton, Inc.

     223        7,709  

Lennar Corp. Class A

     136        7,252  

NVR, Inc.*

     2        4,821  

PulteGroup, Inc.

     204        5,004  

Toll Brothers, Inc.

     109        4,307  
     

 

 

 
Total Household Durables               29,093  
Household Products – 0.3%      

Church & Dwight Co., Inc.

     61        3,165  

Clorox Co. (The)

     31        4,130  
     

 

 

 
Total Household Products               7,295  
Insurance – 3.7%      

Allstate Corp. (The)

     103      $ 9,109  

American Financial Group, Inc.

     34        3,379  

Assurant, Inc.

     22        2,281  

Brown & Brown, Inc.

     49        2,110  

Cincinnati Financial Corp.

     40        2,898  

CNA Financial Corp.

     91        4,436  

Erie Indemnity Co. Class A

     7        875  

FNF Group

     84        3,766  

Hartford Financial Services Group, Inc. (The)

     93        4,889  

Lincoln National Corp.

     88        5,947  

Loews Corp.

     72        3,370  

Old Republic International Corp.

     108        2,109  

Principal Financial Group, Inc.

     94        6,023  

Progressive Corp. (The)

     133        5,864  

Torchmark Corp.

     36        2,754  

Travelers Cos., Inc. (The)

     111        14,045  

Unum Group

     93        4,337  
     

 

 

 
Total Insurance               78,192  
Internet Software & Services – 0.1%      

Cars.com, Inc.*(a)

     45        1,198  

CoStar Group, Inc.*

     1        264  
     

 

 

 
Total Internet Software & Services               1,462  
IT Services – 1.7%      

Automatic Data Processing, Inc.

     105        10,758  

Booz Allen Hamilton Holding Corp.

     51        1,660  

Broadridge Financial Solutions, Inc.

     31        2,342  

First Data Corp. Class A*

     169        3,076  

Fiserv, Inc.*

     60        7,340  

Jack Henry & Associates, Inc.

     22        2,285  

Leidos Holdings, Inc.

     45        2,326  

Paychex, Inc.

     99        5,637  

Vantiv, Inc. Class A*

     28        1,774  
     

 

 

 
Total IT Services               37,198  
Media – 6.3%      

CBS Corp. Class B Non-Voting Shares

     157        10,013  

Charter Communications, Inc. Class A*

     87        29,306  

Comcast Corp. Class A

     1,657        64,490  

DISH Network Corp. Class A*

     123        7,720  

Liberty Broadband Corp. Class C*

     69        5,986  

Liberty Media Corp – Liberty Formula One Series C*

     61        2,234  

Liberty Media Corp – Liberty SiriusXM Series C*

     72        3,002  

Scripps Networks Interactive, Inc. Class A

     66        4,508  

Sirius XM Holdings, Inc.(a)

     1,149        6,285  

TEGNA, Inc.

     136        1,960  
     

 

 

 
Total Media               135,504  
Metals & Mining – 0.5%      

Nucor Corp.

     88        5,093  

Reliance Steel & Aluminum Co.

     25        1,820  

Steel Dynamics, Inc.

     85        3,044  
     

 

 

 
Total Metals & Mining               9,957  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      99  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Domestic Economy Fund (WUSA)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
Multi-Utilities – 1.7%      

Ameren Corp.

     51      $ 2,788  

CMS Energy Corp.

     52        2,405  

Consolidated Edison, Inc.

     64        5,173  

Dominion Energy, Inc.

     111        8,506  

DTE Energy Co.

     36        3,809  

MDU Resources Group, Inc.

     31        812  

NiSource, Inc.

     55        1,395  

Public Service Enterprise Group, Inc.

     112        4,817  

SCANA Corp.

     37        2,479  

WEC Energy Group, Inc.

     66        4,051  
     

 

 

 
Total Multi-Utilities               36,235  
Multiline Retail – 2.4%      

Dollar General Corp.

     129        9,300  

Dollar Tree, Inc.*

     76        5,314  

Kohl’s Corp.

     114        4,408  

Macy’s, Inc.

     150        3,486  

Nordstrom, Inc.(a)

     84        4,018  

Target Corp.

     460        24,053  
     

 

 

 
Total Multiline Retail               50,579  
Oil, Gas & Consumable Fuels – 1.1%      

Kinder Morgan, Inc.

     186        3,564  

Marathon Petroleum Corp.

     201        10,518  

ONEOK, Inc.

     40        2,086  

Tesoro Corp.

     70        6,552  
     

 

 

 
Total Oil, Gas & Consumable Fuels               22,720  
Professional Services – 0.2%      

Robert Half International, Inc.

     52        2,492  

TransUnion*

     18        780  
     

 

 

 
Total Professional Services               3,272  
Road & Rail – 3.1%      

AMERCO

     7        2,562  

CSX Corp.

     279        15,222  

JB Hunt Transport Services, Inc.

     36        3,290  

Norfolk Southern Corp.

     108        13,144  

Old Dominion Freight Line, Inc.

     27        2,571  

Union Pacific Corp.

     277        30,168  
     

 

 

 
Total Road & Rail               66,957  
Software – 0.5%      

CDK Global, Inc.

     40        2,482  

Intuit, Inc.

     49        6,508  

Tyler Technologies, Inc.*

     4        703  

Ultimate Software Group, Inc. (The)*

     1        210  
     

 

 

 
Total Software               9,903  
Specialty Retail – 6.1%      

Advance Auto Parts, Inc.

     22        2,565  

AutoZone, Inc.*

     13        7,416  

Bed Bath & Beyond, Inc.

     142        4,317  

Best Buy Co., Inc.

     159        9,116  

Burlington Stores, Inc.*

     15        1,380  

CarMax, Inc.*

     73        4,603  

Home Depot, Inc. (The)

     388      59,519  

L Brands, Inc.

     70        3,772  

Lowe’s Cos., Inc.

     238        18,452  

O’Reilly Automotive, Inc.*

     30        6,562  

Ross Stores, Inc.

     129        7,447  

Tractor Supply Co.

     23        1,247  

Ulta Salon Cosmetics & Fragrance, Inc.*

     10        2,874  
     

 

 

 
Total Specialty Retail               129,270  
Thrifts & Mortgage Finance – 0.1%      

New York Community Bancorp, Inc.

     163        2,140  
Tobacco – 7.4%      

Altria Group, Inc.

     1,467        109,247  

Reynolds American, Inc.

     763        49,626  
     

 

 

 
Total Tobacco               158,873  
Trading Companies & Distributors – 0.6%      

Fastenal Co.

     70        3,047  

HD Supply Holdings, Inc.*

     210        6,432  

United Rentals, Inc.*

     31        3,494  
     

 

 

 
Total Trading Companies & Distributors               12,973  
Transportation Infrastructure – 0.0%      

Macquarie Infrastructure Corp.

     10        784  
Water Utilities – 0.1%      

American Water Works Co., Inc.

     25        1,949  

Aqua America, Inc.

     24        799  
     

 

 

 
Total Water Utilities               2,748  
Wireless Telecommunication Services – 0.5%      

T-Mobile U.S., Inc.*

     181        10,972  
TOTAL COMMON STOCKS
(Cost: $2,077,506)
              2,131,692  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4%  
United States – 0.4%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(b)

     
(Cost: $9,621)(c)      9,621        9,621  
TOTAL INVESTMENTS IN SECURITIES – 100.3%
(Cost: $2,087,127)
        2,141,313  

Liabilities in Excess of Cash and Other Assets – (0.3)%

        (6,943
     

 

 

 
NET ASSETS – 100.0%             $ 2,134,370  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(c) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $14,750 and the total market value of the collateral held by the Fund was $15,330. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,709.

 

See Notes to Financial Statements.

 

100   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments

WisdomTree U.S. Export and Multinational Fund (WEXP)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 3.2%      

Boeing Co. (The)

     66      $ 13,051  

Hexcel Corp.

     6        317  

United Technologies Corp.

     80        9,769  
     

 

 

 
Total Aerospace & Defense               23,137  
Air Freight & Logistics – 0.2%      

Expeditors International of Washington, Inc.

     23        1,299  
Airlines – 0.6%      

United Continental Holdings, Inc.*

     60        4,515  
Auto Components – 0.9%      

BorgWarner, Inc.

     9        381  

Gentex Corp.

     25        474  

Goodyear Tire & Rubber Co. (The)

     83        2,902  

Lear Corp.

     22        3,126  
     

 

 

 
Total Auto Components               6,883  
Banks – 4.8%      

Citigroup, Inc.

     519        34,711  
Beverages – 5.0%      

Brown-Forman Corp. Class B

     51        2,479  

Coca-Cola Co. (The)

     340        15,249  

Molson Coors Brewing Co. Class B

     85        7,339  

PepsiCo, Inc.

     98        11,318  
     

 

 

 
Total Beverages               36,385  
Biotechnology – 0.1%      

Alexion Pharmaceuticals, Inc.*

     8        973  
Building Products – 0.1%      

A.O. Smith Corp.

     11        620  
Capital Markets – 2.5%      

Goldman Sachs Group, Inc. (The)

     70        15,533  

Moody’s Corp.

     15        1,825  

MSCI, Inc.

     6        618  
     

 

 

 
Total Capital Markets               17,976  
Chemicals – 6.2%      

Air Products & Chemicals, Inc.

     25        3,577  

Albemarle Corp.

     17        1,794  

Celanese Corp. Series A

     30        2,848  

Chemours Co. (The)

     1        38  

Dow Chemical Co. (The)

     196        12,362  

E.I. du Pont de Nemours & Co.

     79        6,376  

Eastman Chemical Co.

     27        2,268  

Ecolab, Inc.

     20        2,655  

FMC Corp.

     13        950  

Huntsman Corp.

     43        1,111  

International Flavors & Fragrances, Inc.

     11        1,485  

Monsanto Co.

     26        3,077  

Mosaic Co. (The)

     4        91  

NewMarket Corp.

     2        921  

PPG Industries, Inc.

     14        1,539  

Praxair, Inc.

     29      3,844  
     

 

 

 
Total Chemicals               44,936  
Communications Equipment – 1.2%      

Cisco Systems, Inc.

     237        7,418  

CommScope Holding Co., Inc.*

     2        76  

F5 Networks, Inc.*

     3        381  

Juniper Networks, Inc.

     18        502  

Motorola Solutions, Inc.

     5        434  
     

 

 

 
Total Communications Equipment               8,811  
Construction & Engineering – 0.1%      

Fluor Corp.

     7        320  

Jacobs Engineering Group, Inc.

     7        381  
     

 

 

 
Total Construction & Engineering               701  
Containers & Packaging – 0.6%      

Avery Dennison Corp.

     12        1,060  

Ball Corp.

     10        422  

Crown Holdings, Inc.*

     30        1,790  

Sealed Air Corp.

     27        1,209  
     

 

 

 
Total Containers & Packaging               4,481  
Electrical Equipment – 1.0%      

AMETEK, Inc.

     21        1,272  

Emerson Electric Co.

     73        4,352  

Rockwell Automation, Inc.

     9        1,458  
     

 

 

 
Total Electrical Equipment               7,082  
Electronic Equipment, Instruments & Components – 1.1%  

Amphenol Corp. Class A

     15        1,107  

Arrow Electronics, Inc.*

     7        549  

Avnet, Inc.

     5        194  

Cognex Corp.

     3        255  

Corning, Inc.

     166        4,988  

IPG Photonics Corp.*

     4        581  

Keysight Technologies, Inc.*

     12        467  

Trimble, Inc.*

     4        143  
     

 

 

 
Total Electronic Equipment, Instruments & Components        8,284  
Equity Real Estate Investment Trusts (REITs) – 0.1%  

Equinix, Inc.

     1        429  
Food Products – 1.3%      

Archer-Daniels-Midland Co.

     65        2,690  

Ingredion, Inc.

     8        954  

McCormick & Co., Inc. Non-Voting Shares

     8        780  

Mondelez International, Inc. Class A

     122        5,269  
     

 

 

 
Total Food Products               9,693  
Health Care Equipment & Supplies – 4.5%      

Abbott Laboratories

     65        3,160  

Baxter International, Inc.

     226        13,682  

Becton, Dickinson and Co.

     11        2,146  

Boston Scientific Corp.*

     62        1,719  

Cooper Cos., Inc. (The)

     3        718  

Danaher Corp.

     63        5,316  

DENTSPLY SIRONA, Inc.

     17        1,102  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      101  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Export and Multinational Fund (WEXP)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Edwards Lifesciences Corp.*

     12      $ 1,419  

ResMed, Inc.

     11        857  

Teleflex, Inc.

     3        623  

Varian Medical Systems, Inc.*

     9        929  

West Pharmaceutical Services, Inc.

     4        378  

Zimmer Biomet Holdings, Inc.

     5        642  
     

 

 

 
Total Health Care Equipment & Supplies               32,691  
Hotels, Restaurants & Leisure – 3.1%      

Las Vegas Sands Corp.

     104        6,644  

McDonald’s Corp.

     99        15,163  

Wynn Resorts Ltd.

     6        805  
     

 

 

 
Total Hotels, Restaurants & Leisure               22,612  
Household Durables – 0.3%      

Whirlpool Corp.

     11        2,108  
Household Products – 4.5%      

Colgate-Palmolive Co.

     98        7,264  

Kimberly-Clark Corp.

     35        4,519  

Procter & Gamble Co. (The)

     245        21,352  
     

 

 

 
Total Household Products               33,135  
Independent Power & Renewable Electricity Producers – 0.2%  

AES Corp.

     129        1,433  
Industrial Conglomerates – 5.5%      

3M Co.

     63        13,116  

General Electric Co.

     673        18,178  

Honeywell International, Inc.

     66        8,797  
     

 

 

 
Total Industrial Conglomerates               40,091  
Insurance – 2.0%      

Aflac, Inc.

     112        8,700  

Marsh & McLennan Cos., Inc.

     56        4,366  

Reinsurance Group of America, Inc.

     12        1,541  
     

 

 

 
Total Insurance               14,607  
Internet & Catalog Retail – 1.7%      

Expedia, Inc.

     5        745  

Priceline Group, Inc. (The)*

     6        11,223  

TripAdvisor, Inc.*

     4        153  
     

 

 

 
Total Internet & Catalog Retail               12,121  
Internet Software & Services – 5.1%      

Alphabet, Inc. Class A*

     21        19,523  

eBay, Inc.*

     223        7,787  

Facebook, Inc. Class A*

     66        9,965  

VeriSign, Inc.*

     1        93  
     

 

 

 
Total Internet Software & Services               37,368  
IT Services – 3.3%      

DXC Technology Co.

     14        1,074  

Gartner, Inc.*

     2        247  

International Business Machines Corp.

     70        10,768  

MasterCard, Inc. Class A

     41        4,979  

PayPal Holdings, Inc.*

     27        1,449  

Sabre Corp.

     12        261  

Visa, Inc. Class A

     57        5,346  

Western Union Co. (The)

     16      305  
     

 

 

 
Total IT Services               24,429  
Leisure Products – 0.3%      

Hasbro, Inc.

     13        1,449  

Mattel, Inc.

     24        517  
     

 

 

 
Total Leisure Products               1,966  
Life Sciences Tools & Services – 1.5%      

Agilent Technologies, Inc.

     28        1,661  

Illumina, Inc.*

     5        868  

Mettler-Toledo International, Inc.*

     2        1,177  

PerkinElmer, Inc.

     10        681  

Quintiles IMS Holdings, Inc.*

     5        447  

Thermo Fisher Scientific, Inc.

     26        4,536  

Waters Corp.*

     9        1,655  
     

 

 

 
Total Life Sciences Tools & Services               11,025  
Machinery – 3.4%      

Caterpillar, Inc.

     14        1,504  

Cummins, Inc.

     17        2,758  

Deere & Co.

     23        2,843  

Donaldson Co., Inc.

     11        501  

Dover Corp.

     12        963  

Flowserve Corp.

     8        371  

Fortive Corp.

     28        1,774  

Graco, Inc.

     1        109  

IDEX Corp.

     6        678  

Illinois Tool Works, Inc.

     34        4,871  

Lincoln Electric Holdings, Inc.

     4        368  

Nordson Corp.

     7        849  

PACCAR, Inc.

     15        991  

Parker-Hannifin Corp.

     11        1,758  

Stanley Black & Decker, Inc.

     14        1,970  

WABCO Holdings, Inc.*

     8        1,020  

Wabtec Corp.

     8        732  

Xylem, Inc.

     13        721  
     

 

 

 
Total Machinery               24,781  
Media – 0.6%      

Discovery Communications, Inc. Class C*

     57        1,437  

Interpublic Group of Cos., Inc. (The)

     41        1,009  

Omnicom Group, Inc.

     20        1,658  
     

 

 

 
Total Media               4,104  
Oil, Gas & Consumable Fuels – 2.9%      

Exxon Mobil Corp.

     260        20,990  
Personal Products – 0.4%      

Estee Lauder Cos., Inc. (The) Class A

     33        3,167  
Pharmaceuticals – 10.9%      

Bristol-Myers Squibb Co.

     137        7,634  

Eli Lilly & Co.

     52        4,279  

Johnson & Johnson

     273        36,115  

Merck & Co., Inc.

     210        13,459  

Pfizer, Inc.

     482        16,190  

 

See Notes to Financial Statements.

 

102   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Export and Multinational Fund (WEXP)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

Zoetis, Inc.

     31      $ 1,934  
     

 

 

 
Total Pharmaceuticals               79,611  
Professional Services – 0.2%      

ManpowerGroup, Inc.

     16        1,786  
Real Estate Management & Development – 0.3%      

CBRE Group, Inc. Class A*

     29        1,056  

Jones Lang LaSalle, Inc.

     7        875  
     

 

 

 
Total Real Estate Management & Development               1,931  
Road & Rail – 0.2%      

Kansas City Southern

     11        1,151  
Semiconductors & Semiconductor Equipment – 6.0%      

Analog Devices, Inc.

     11        856  

Applied Materials, Inc.

     89        3,677  

Intel Corp.

     398        13,429  

KLA-Tencor Corp.

     15        1,373  

Lam Research Corp.

     14        1,980  

Maxim Integrated Products, Inc.

     18        808  

Microchip Technology, Inc.

     1        77  

NVIDIA Corp.

     26        3,759  

ON Semiconductor Corp.*

     18        253  

QUALCOMM, Inc.

     169        9,332  

Skyworks Solutions, Inc.

     16        1,535  

Teradyne, Inc.

     11        330  

Texas Instruments, Inc.

     68        5,231  

Xilinx, Inc.

     14        900  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               43,540  
Software – 4.5%      

Activision Blizzard, Inc.

     20        1,151  

Adobe Systems, Inc.*

     8        1,132  

ANSYS, Inc.*

     3        365  

Cadence Design Systems, Inc.*

     8        268  

Citrix Systems, Inc.*

     5        398  

Electronic Arts, Inc.*

     15        1,586  

Fortinet, Inc.*

     1        37  

Microsoft Corp.

     240        16,543  

Oracle Corp.

     196        9,828  

Red Hat, Inc.*

     3        287  

Synopsys, Inc.*

     4        292  

Take-Two Interactive Software, Inc.*

     1        73  

VMware, Inc. Class A*(a)

     12        1,049  
     

 

 

 
Total Software               33,009  
Specialty Retail – 0.1%      

Tiffany & Co.

     12        1,126  
Technology Hardware, Storage & Peripherals – 3.7%      

Apple, Inc.

     145        20,883  

Hewlett Packard Enterprise Co.

     152        2,522  

HP, Inc.

     172        3,006  

NCR Corp.*

     5        204  

NetApp, Inc.

     2        80  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               26,695  
Textiles, Apparel & Luxury Goods – 1.6%      

Coach, Inc.

     24      1,136  

NIKE, Inc. Class B

     160        9,440  

PVH Corp.

     13        1,489  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               12,065  
Tobacco – 4.1%      

Philip Morris International, Inc.

     256        30,067  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $677,065)
        728,525  

Cash and Other Assets in Excess of Liabilities – 0.1%

        1,056  
     

 

 

 
NET ASSETS – 100.0%             $ 729,581  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2). At June 30, 2017, the total market value of the Fund’s securities on loan was $874 and the total market value of the collateral held by the Fund was $888. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $888.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      103  


Table of Contents

Schedule of Investments

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

June 30, 2017

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 98.5%      
United States – 98.5%      

21st Century Fox America, Inc.
5.40%, 10/1/43

   $ 44,000      $ 50,755  

ABB Finance USA, Inc.
2.88%, 5/8/22

     63,000        64,476  

Abbott Laboratories
2.00%, 3/15/20

     74,000        73,873  

4.90%, 11/30/46

     32,000        35,388  

AbbVie, Inc.
4.45%, 5/14/46

     31,000        32,128  

American International Group, Inc.
3.30%, 3/1/21

     35,000        36,039  

4.80%, 7/10/45

     27,000        28,929  

Amgen, Inc.
5.15%, 11/15/41

     61,000        68,237  

Apple, Inc.
3.85%, 5/4/43

     69,000        69,149  

AT&T, Inc.
3.60%, 2/17/23

     37,000        37,915  

5.45%, 3/1/47

     28,000        30,256  

4.50%, 3/9/48

     117,000        109,915  

Bank of America Corp.
4.13%, 1/22/24

     62,000        65,482  

4.45%, 3/3/26

     47,000        49,003  

5.00%, 1/21/44

     71,000        80,571  

BB&T Corp.
5.25%, 11/1/19

     45,000        48,125  

Berkshire Hathaway Energy Co.
6.13%, 4/1/36

     73,000        94,068  

Block Financial LLC
5.50%, 11/1/22

     46,000        49,886  

Celgene Corp.
2.88%, 8/15/20

     74,000        75,727  

Chevron Corp.
2.36%, 12/5/22

     124,000        123,521  

Citigroup, Inc.
2.05%, 12/7/18

     91,000        91,167  

5.50%, 9/13/25

     134,000        149,260  

Comcast Corp.
4.25%, 1/15/33

     12,000        12,811  

4.65%, 7/15/42

     46,000        50,551  

CVS Health Corp.
4.88%, 7/20/35

     60,000        66,845  

Dow Chemical Co. (The)
4.13%, 11/15/21

     147,000        156,314  

Duke Energy Corp.
2.65%, 9/1/26

     38,000        36,162  

Edison International
2.13%, 4/15/20

     20,000        20,036  

EI du Pont de Nemours & Co.
2.80%, 2/15/23

     88,000        88,414  

EMC Corp.
1.88%, 6/1/18

     64,000        63,655  

EPR Properties
5.75%, 8/15/22

     33,000        36,492  

FedEx Corp.
4.55%, 4/1/46

   12,000      12,656  

General Motors Co.
6.75%, 4/1/46

     18,000        21,422  

General Motors Financial Co., Inc.
4.35%, 1/17/27

     42,000        42,598  

Gilead Sciences, Inc.
4.15%, 3/1/47

     31,000        31,223  

Goldman Sachs Group, Inc. (The)
5.25%, 7/27/21

     62,000        67,993  

3.85%, 7/8/24

     61,000        63,407  

Hartford Financial Services Group, Inc. (The)
6.10%, 10/1/41

     51,000        65,034  

Hewlett Packard Enterprise Co.
4.40%, 10/15/22

     25,000        26,534  

HSBC USA, Inc.
5.00%, 9/27/20

     100,000        107,542  

International Business Machines Corp.
4.00%, 6/20/42

     44,000        44,047  

JPMorgan Chase & Co.
5.63%, 8/16/43

     51,000        61,497  

Kraft Heinz Foods Co.
6.88%, 1/26/39

     23,000        29,674  

Kroger Co. (The)
2.30%, 1/15/19

     24,000        24,106  

Magellan Midstream Partners L.P.
5.15%, 10/15/43

     9,000        9,806  

Marriott International, Inc.
3.00%, 3/1/19

     57,000        57,891  

McDonald’s Corp.
3.50%, 3/1/27

     24,000        24,445  

McKesson Corp.
3.80%, 3/15/24

     113,000        117,785  

Microsoft Corp.
4.10%, 2/6/37

     45,000        48,568  

Morgan Stanley
4.88%, 11/1/22

     148,000        160,880  

MPLX L.P.
4.13%, 3/1/27

     10,000        10,053  

Mylan N.V.
3.95%, 6/15/26

     20,000        20,302  

Northrop Grumman Corp.
3.25%, 8/1/23

     84,000        86,995  

NVR, Inc.
3.95%, 9/15/22

     18,000        18,866  

Occidental Petroleum Corp.
4.10%, 2/1/21, Series 1

     68,000        72,472  

Oracle Corp.
4.30%, 7/8/34

     71,000        77,174  

Pacific Gas & Electric Co.
6.05%, 3/1/34

     68,000        87,895  

Pfizer, Inc.
2.10%, 5/15/19

     124,000        125,149  

Philip Morris International, Inc.
5.65%, 5/16/18

     104,000        107,592  

Santander Holdings USA, Inc.
2.65%, 4/17/20

     81,000        80,847  

 

See Notes to Financial Statements.

 

104   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

June 30, 2017

 

  

 

 

Investments    Principal
Amount
     Value  

Shire Acquisitions Investments Ireland DAC
3.20%, 9/23/26

   $ 40,000      $ 39,192  

South Carolina Electric & Gas Co.
4.10%, 6/15/46

     6,000        5,891  

Southern Co. Gas Capital Corp.
4.40%, 5/30/47

     32,000        32,773  

Synchrony Financial
2.70%, 2/3/20

     110,000        110,624  

Thermo Fisher Scientific, Inc.
3.00%, 4/15/23

     86,000        86,810  

Time Warner, Inc.
4.88%, 3/15/20

     76,000        81,286  

3.60%, 7/15/25

     157,000        156,914  

Tyson Foods, Inc.
2.65%, 8/15/19

     36,000        36,472  

3.95%, 8/15/24

     89,000        93,271  

United Technologies Corp.
4.50%, 6/1/42

     35,000        38,307  

Verizon Communications, Inc.
4.15%, 3/15/24

     63,000        66,409  

4.40%, 11/1/34

     156,000        155,038  

Viacom, Inc.
4.50%, 3/1/21

     57,000        60,591  

Wal-Mart Stores, Inc.
6.20%, 4/15/38

     61,000        83,548  

Wells Fargo & Co.
3.45%, 2/13/23, Series M

     27,000        27,665  

4.30%, 7/22/27

     45,000        47,192  

Xylem, Inc.
4.38%, 11/1/46

     38,000        39,492  

Zimmer Biomet Holdings, Inc.
3.55%, 4/1/25

     49,000        49,575  
     

 

 

 
TOTAL CORPORATE BONDS
(Cost: $4,923,203)
              4,910,653  
U.S. GOVERNMENT OBLIGATIONS – 0.2%      
U.S. Treasury Note – 0.2%      

U.S. Treasury Note
2.25%, 2/15/27

     
(Cost: $9,864)      10,000        9,955  
TOTAL INVESTMENTS IN SECURITIES – 98.7%
(Cost: $4,933,067)
        4,920,608  

Cash and Other Assets in Excess of Liabilities – 1.3%

 

     67,036  
     

 

 

 
NET ASSETS – 100.0%             $ 4,987,644  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      105  


Table of Contents

Schedule of Investments

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)

June 30, 2017

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 97.7%  
United States – 97.7%  

ADT Corp. (The)
4.13%, 6/15/23

   $ 124,000      $ 123,225  

AECOM
5.75%, 10/15/22

     63,000        66,229  

AMC Entertainment Holdings, Inc.
5.88%, 11/15/26(a)

     75,000        78,469  

American Axle & Manufacturing, Inc.
6.25%, 4/1/25(a)

     50,000        48,875  

Ashland LLC
4.75%, 8/15/22

     89,000        93,450  

Berry Plastics Corp.
5.13%, 7/15/23

     100,000        104,500  

Cablevision Systems Corp.
7.75%, 4/15/18

     138,000        143,520  

CCO Holdings LLC
5.13%, 5/1/27(a)

     125,000        128,125  

CF Industries, Inc.
3.45%, 6/1/23

     75,000        71,062  

Chesapeake Energy Corp.
8.00%, 12/15/22(a)

     75,000        79,594  

CommScope Technologies LLC
6.00%, 6/15/25(a)

     65,000        69,712  

Community Health Systems, Inc.
7.13%, 7/15/20

     78,000        76,245  

6.25%, 3/31/23

     50,000        51,805  

Crestwood Midstream Partners L.P.
5.75%, 4/1/25(a)

     75,000        75,000  

DaVita, Inc.
5.75%, 8/15/22

     125,000        128,594  

DISH DBS Corp.
5.00%, 3/15/23

     76,000        78,090  

DPL, Inc.
7.25%, 10/15/21

     100,000        107,500  

Dynegy, Inc.
7.63%, 11/1/24

     75,000        73,125  

Endo Finance LLC
5.38%, 1/15/23(a)

     75,000        63,000  

Envision Healthcare Corp.
5.63%, 7/15/22

     50,000        51,875  

ESH Hospitality, Inc.
5.25%, 5/1/25(a)

     50,000        51,938  

First Data Corp.
7.00%, 12/1/23(a)

     146,000        156,220  

Freeport-McMoRan, Inc.
5.40%, 11/14/34

     100,000        90,250  

Gray Television, Inc.
5.88%, 7/15/26(a)

     75,000        76,687  

HCA, Inc.
4.75%, 5/1/23

     147,000        155,820  

HealthSouth Corp.
5.75%, 11/1/24

     50,000        51,563  

HRG Group, Inc.
7.75%, 1/15/22

     96,000        101,280  

Kindred Healthcare, Inc.
8.75%, 1/15/23

   76,000      80,180  

KLX, Inc.
5.88%, 12/1/22(a)

     72,000        75,870  

L Brands, Inc.
6.88%, 11/1/35

     75,000        72,750  

Level 3 Financing, Inc.
5.38%, 5/1/25

     50,000        52,750  

Micron Technology, Inc.
5.25%, 8/1/23(a)

     98,000        102,263  

Navient Corp.
6.13%, 3/25/24

     122,000        126,270  

Nexstar Broadcasting, Inc.
5.63%, 8/1/24(a)

     100,000        101,500  

Nielsen Finance LLC
5.00%, 4/15/22(a)

     120,000        124,800  

NuStar Logistics L.P.
5.63%, 4/28/27

     50,000        52,625  

OneMain Financial Holdings LLC
7.25%, 12/15/21(a)

     50,000        52,912  

PBF Holding Co. LLC
7.00%, 11/15/23

     75,000        74,250  

Platform Specialty Products Corp.
6.50%, 2/1/22(a)

     83,000        86,112  

Post Holdings, Inc.
5.75%, 3/1/27(a)

     100,000        103,250  

Prime Security Services Borrower LLC
9.25%, 5/15/23(a)

     100,000        108,916  

PulteGroup, Inc.
5.00%, 1/15/27

     75,000        77,250  

Regal Entertainment Group
5.75%, 3/15/22

     105,000        109,987  

Rite Aid Corp.
6.75%, 6/15/21

     75,000        77,400  

Scientific Games International, Inc.
10.00%, 12/1/22

     106,000        116,600  

Sirius XM Radio, Inc.
5.38%, 7/15/26(a)

     50,000        51,875  

Six Flags Entertainment Corp.
4.88%, 7/31/24(a)

     45,000        45,388  

Springleaf Finance Corp.
7.75%, 10/1/21

     60,000        67,350  

T-Mobile USA, Inc.
6.00%, 3/1/23

     89,000        94,423  

Tesoro Logistics L.P.
5.25%, 1/15/25

     50,000        52,688  

TransDigm, Inc.
6.38%, 6/15/26

     75,000        76,312  

TreeHouse Foods, Inc.
6.00%, 2/15/24(a)

     69,000        73,830  

Tronox Finance LLC
7.50%, 3/15/22(a)

     50,000        51,750  

United Rentals North America, Inc.
5.88%, 9/15/26

     50,000        53,437  

Uniti Group, Inc.
8.25%, 10/15/23

     75,000        77,625  

 

See Notes to Financial Statements.

 

106   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)

June 30, 2017

 

  

 

 

Investments    Principal
Amount
     Value  

Valeant Pharmaceuticals International
6.38%, 10/15/20(a)

   $ 100,000      $ 97,375  

Western Digital Corp.
10.50%, 4/1/24

     120,000        141,862  

Windstream Services LLC
7.75%, 10/1/21

     110,000        103,950  

Wynn Las Vegas LLC
4.25%, 5/30/23(a)

     75,000        75,844  

Zayo Group LLC
5.75%, 1/15/27(a)

     50,000        52,438  
TOTAL INVESTMENTS IN SECURITIES – 97.7%
(Cost: $4,921,266)
        5,107,585  

Cash and Other Assets in Excess of Liabilities – 2.3%

 

     121,395  
     

 

 

 
NET ASSETS – 100.0%      $ 5,228,980  
(a) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      107  


Table of Contents

Schedule of Investments

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)

June 30, 2017

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 98.7%      
United States – 98.7%      

Abbott Laboratories
2.00%, 3/15/20

   $ 60,000      $ 59,897  

2.90%, 11/30/21

     30,000        30,366  

AbbVie, Inc.
2.85%, 5/14/23

     37,000        36,967  

Altria Group, Inc.
9.25%, 8/6/19

     83,000        95,309  

American Honda Finance Corp.
2.45%, 9/24/20

     49,000        49,687  

American International Group, Inc.
3.38%, 8/15/20

     48,000        49,707  

3.30%, 3/1/21

     86,000        88,554  

Amgen, Inc.
3.88%, 11/15/21

     47,000        49,587  

Apple, Inc.
2.25%, 2/23/21

     63,000        63,450  

AT&T, Inc.
2.30%, 3/11/19

     59,000        59,374  

3.00%, 2/15/22

     101,000        101,558  

Bank of America Corp.
7.63%, 6/1/19

     115,000        126,864  

5.70%, 1/24/22

     53,000        59,949  

Bank of New York Mellon Corp. (The)
2.05%, 5/3/21

     114,000        113,019  

Baxter International, Inc.
1.70%, 8/15/21

     22,000        21,491  

BB&T Corp.
5.25%, 11/1/19

     46,000        49,194  

Capital One Financial Corp.
4.75%, 7/15/21

     49,000        52,916  

Celgene Corp.
2.30%, 8/15/18

     73,000        73,439  

Chevron Corp.
1.96%, 3/3/20

     71,000        71,242  

Cisco Systems, Inc.
2.13%, 3/1/19

     62,000        62,518  

Citigroup, Inc.
1.75%, 5/1/18

     107,000        106,974  

2.05%, 12/7/18

     61,000        61,112  

2.65%, 10/26/20

     72,000        72,746  

Consolidated Edison, Inc.
2.00%, 5/15/21

     75,000        73,899  

Constellation Brands, Inc.
3.75%, 5/1/21

     33,000        34,425  

CVS Health Corp.
2.80%, 7/20/20

     120,000        122,258  

Dow Chemical Co. (The)
4.25%, 11/15/20

     79,000        83,945  

Edison International
2.13%, 4/15/20

     11,000        11,020  

EI du Pont de Nemours & Co.
6.00%, 7/15/18

     94,000        98,207  

EMC Corp.
1.88%, 6/1/18

     86,000        85,537  

Exxon Mobil Corp.
1.82%, 3/15/19

   62,000      62,259  

Fidelity National Information Services, Inc.
3.63%, 10/15/20

     69,000        72,335  

General Mills, Inc.
5.65%, 2/15/19

     67,000        70,988  

General Motors Financial Co., Inc.
3.45%, 1/14/22

     64,000        65,085  

3.45%, 4/10/22

     44,000        44,769  

Gilead Sciences, Inc.
4.40%, 12/1/21

     35,000        37,780  

Goldman Sachs Group, Inc. (The)
5.25%, 7/27/21

     108,000        118,439  

Hartford Financial Services Group, Inc. (The)
5.50%, 3/30/20

     25,000        27,184  

Hewlett Packard Enterprise Co.
3.60%, 10/15/20

     46,000        47,466  

HP, Inc.
4.30%, 6/1/21

     36,000        38,296  

HSBC USA, Inc.
2.35%, 3/5/20

     100,000        100,626  

JPMorgan Chase & Co.
1.70%, 3/1/18, Series H

     93,000        93,040  

2.75%, 6/23/20

     69,000        70,182  

4.40%, 7/22/20

     71,000        75,642  

Kraft Heinz Foods Co.
6.13%, 8/23/18

     81,000        84,876  

Lockheed Martin Corp.
2.50%, 11/23/20

     155,000        157,252  

McDonald’s Corp.
5.35%, 3/1/18

     47,000        48,172  

McKesson Corp.
2.28%, 3/15/19

     115,000        115,707  

Medco Health Solutions, Inc.
7.13%, 3/15/18

     49,000        50,819  

Morgan Stanley
2.38%, 7/23/19

     52,000        52,386  

5.50%, 7/28/21

     73,000        81,021  

NextEra Energy Capital Holdings, Inc.
1.65%, 9/1/18

     150,000        149,589  

NVIDIA Corp.
2.20%, 9/16/21

     15,000        14,848  

Reynolds American, Inc.
2.30%, 6/12/18

     98,000        98,449  

Santander Holdings USA, Inc.
2.70%, 5/24/19

     39,000        39,305  

Southern Co. (The)
2.35%, 7/1/21

     26,000        25,835  

Stryker Corp.
1.30%, 4/1/18

     144,000        143,714  

SunTrust Banks, Inc.
2.35%, 11/1/18

     98,000        98,615  

Synchrony Financial
2.70%, 2/3/20

     95,000        95,539  

Tech Data Corp.
3.70%, 2/15/22

     30,000        30,644  

 

See Notes to Financial Statements.

 

108   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)

June 30, 2017

 

  

 

 

Investments    Principal
Amount
     Value  

Thermo Fisher Scientific, Inc.
3.30%, 2/15/22

   $ 39,000      $ 40,341  

Time Warner, Inc.
4.88%, 3/15/20

     46,000        49,199  

Toyota Motor Credit Corp.
2.10%, 1/17/19

     39,000        39,248  

United Parcel Service, Inc.
3.13%, 1/15/21

     95,000        98,704  

UnitedHealth Group, Inc.
1.90%, 7/16/18

     79,000        79,303  

Verizon Communications, Inc.
4.50%, 9/15/20

     135,000        144,320  

Viacom, Inc.
4.50%, 3/1/21

     45,000        47,835  

Walgreens Boots Alliance, Inc.
2.70%, 11/18/19

     97,000        98,578  

Wells Fargo & Co.
4.60%, 4/1/21

     52,000        56,082  
TOTAL INVESTMENTS IN SECURITIES – 98.7%
(Cost: $4,936,898)
        4,929,683  

Cash and Other Assets in Excess of Liabilities – 1.3%

 

     64,574  
     

 

 

 
NET ASSETS – 100.0%      $ 4,994,257  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      109  


Table of Contents

Schedule of Investments

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)

June 30, 2017

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 93.6%      
United States – 93.6%      

AES Corp.
7.38%, 7/1/21

   $ 50,000      $ 57,500  

4.88%, 5/15/23

     50,000        51,188  

American Axle & Manufacturing, Inc.
6.25%, 3/15/21

     50,000        51,500  

Ball Corp.
5.00%, 3/15/22

     50,000        53,563  

Cablevision Systems Corp.
8.63%, 9/15/17

     18,000        18,248  

8.00%, 4/15/20

     69,000        77,021  

Calpine Corp.
6.00%, 1/15/22(a)

     50,000        51,875  

Calumet Specialty Products Partners L.P.
6.50%, 4/15/21

     75,000        65,250  

Centene Corp.
5.63%, 2/15/21

     143,000        149,435  

Cenveo Corp.
6.00%, 8/1/19(a)

     59,000        50,150  

Cequel Communications Holdings I LLC
5.13%, 12/15/21(a)

     50,000        51,125  

Chesapeake Energy Corp.
4.88%, 4/15/22

     50,000        46,750  

Churchill Downs, Inc.
5.38%, 12/15/21

     50,000        52,125  

Clean Harbors, Inc.
5.13%, 6/1/21

     50,000        51,188  

Clear Channel Worldwide Holdings, Inc.
7.63%, 3/15/20, Series B

     23,000        22,971  

CNH Industrial Capital LLC
3.38%, 7/15/19

     153,000        155,869  

Community Health Systems, Inc.
8.00%, 11/15/19

     65,000        65,569  

7.13%, 7/15/20

     77,000        75,267  

CSC Holdings LLC
8.63%, 2/15/19

     50,000        54,921  

DISH DBS Corp.
7.88%, 9/1/19

     77,000        85,085  

5.13%, 5/1/20

     100,000        104,625  

DPL, Inc.
7.25%, 10/15/21

     50,000        53,750  

Dynegy, Inc.
6.75%, 11/1/19

     50,000        51,813  

Fresenius Medical Care U.S. Finance II, Inc.
4.75%, 10/15/24(a)

     50,000        52,750  

Frontier Communications Corp.
8.50%, 4/15/20

     24,000        25,290  

Gap, Inc. (The)
5.95%, 4/12/21

     50,000        54,244  

GLP Capital L.P.
4.38%, 11/1/18

     139,000        142,822  

HCA, Inc.
8.00%, 10/1/18

     134,000        144,083  

5.88%, 3/15/22

     50,000        55,562  

HRG Group, Inc.
7.88%, 7/15/19

   140,000      143,535  

Hughes Satellite Systems Corp.
6.63%, 8/1/26

     50,000        53,875  

Huntsman International LLC
4.88%, 11/15/20

     92,000        97,290  

Iron Mountain, Inc.
6.00%, 10/1/20(a)

     43,000        44,613  

KCG Holdings, Inc.
6.88%, 3/15/20(a)

     100,000        103,562  

Kindred Healthcare, Inc.
8.00%, 1/15/20

     50,000        52,750  

MGM Resorts International
8.63%, 2/1/19

     69,000        76,245  

6.75%, 10/1/20

     112,000        124,365  

Michaels Stores, Inc.
5.88%, 12/15/20(a)

     122,000        125,050  

Nationstar Mortgage LLC
6.50%, 8/1/18

     154,000        154,481  

Navient Corp.
4.88%, 6/17/19

     47,000        48,998  

8.00%, 3/25/20

     145,000        162,400  

Nielsen Finance LLC
4.50%, 10/1/20

     83,000        84,476  

5.00%, 4/15/22(a)

     50,000        52,000  

OneMain Financial Holdings LLC
6.75%, 12/15/19(a)

     73,000        76,924  

Pride International LLC
6.88%, 8/15/20

     100,000        103,000  

PulteGroup, Inc.
4.25%, 3/1/21

     50,000        52,250  

Rite Aid Corp.
6.13%, 4/1/23(a)

     50,000        49,281  

RR Donnelley & Sons Co.
7.88%, 3/15/21

     75,000        81,562  

Scientific Games International, Inc.
7.00%, 1/1/22(a)

     100,000        106,750  

Select Medical Corp.
6.38%, 6/1/21

     50,000        51,625  

Springleaf Finance Corp.
5.25%, 12/15/19

     96,000        100,090  

Steel Dynamics, Inc.
5.13%, 10/1/21

     50,000        51,474  

SUPERVALU, Inc.
6.75%, 6/1/21

     50,000        49,250  

T-Mobile USA, Inc.
6.00%, 4/15/24

     100,000        107,250  

TEGNA, Inc.
4.88%, 9/15/21(a)

     50,000        51,500  

TransDigm, Inc.
5.50%, 10/15/20

     148,000        151,145  

TreeHouse Foods, Inc.
4.88%, 3/15/22

     50,000        51,875  

Tronox Finance LLC
6.38%, 8/15/20

     50,000        50,250  

 

See Notes to Financial Statements.

 

110   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)

June 30, 2017

 

  

 

 

Investments    Principal
Amount
     Value  

United States Steel Corp.
8.38%, 7/1/21(a)

   $ 50,000      $ 55,125  

Valeant Pharmaceuticals International
6.38%, 10/15/20(a)

     125,000        121,719  

6.75%, 8/15/21(a)

     50,000        47,750  

WellCare Health Plans, Inc.
5.25%, 4/1/25

     50,000        52,500  

Windstream Services LLC
7.75%, 10/15/20

     100,000        101,250  
TOTAL INVESTMENTS IN SECURITIES – 93.6%
(Cost: $4,732,150)
        4,807,749  

Cash and Other Assets in Excess of Liabilities – 6.4%

 

     331,146  
     

 

 

 
NET ASSETS – 100.0%             $ 5,138,895  
(a) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      111  


Table of Contents

Schedule of Investments

WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
United States – 99.1%      
Aerospace & Defense – 2.7%      

Boeing Co. (The)

     161      $ 31,838  

Lockheed Martin Corp.

     388        107,712  
     

 

 

 
Total Aerospace & Defense               139,550  
Air Freight & Logistics – 2.4%      

Expeditors International of Washington, Inc.

     1,265        71,447  

United Parcel Service, Inc. Class B

     492        54,410  
     

 

 

 
Total Air Freight & Logistics               125,857  
Airlines – 0.6%      

Delta Air Lines, Inc.

     567        30,471  
Auto Components – 0.8%      

Lear Corp.

     283        40,209  
Automobiles – 0.7%      

Harley-Davidson, Inc.

     624        33,708  
Biotechnology – 1.1%      

Amgen, Inc.

     162        27,901  

Gilead Sciences, Inc.

     396        28,029  
     

 

 

 
Total Biotechnology               55,930  
Communications Equipment – 3.4%      

Arista Networks, Inc.*

     323        48,382  

Harris Corp.

     405        44,177  

InterDigital, Inc.

     429        33,162  

Ubiquiti Networks, Inc.*(a)

     917        47,657  
     

 

 

 
Total Communications Equipment               173,378  
Consumer Finance – 1.5%      

Navient Corp.

     3,109        51,765  

Santander Consumer USA Holdings, Inc.*

     1,875        23,925  
     

 

 

 
Total Consumer Finance               75,690  
Containers & Packaging – 2.1%      

Crown Holdings, Inc.*

     837        49,935  

Graphic Packaging Holding Co.

     4,215        58,083  
     

 

 

 
Total Containers & Packaging               108,018  
Diversified Consumer Services – 2.3%      

H&R Block, Inc.

     3,821        118,107  
Diversified Telecommunication Services – 2.4%      

AT&T, Inc.

     1,699        64,103  

CenturyLink, Inc.(a)

     883        21,086  

Verizon Communications, Inc.

     841        37,559  
     

 

 

 
Total Diversified Telecommunication Services               122,748  
Electric Utilities – 1.6%      

PPL Corp.

     2,183        84,395  
Electronic Equipment, Instruments & Components – 1.8%     

Corning, Inc.

     1,686        50,664  

Universal Display Corp.

     395        43,154  
     

 

 

 
Total Electronic Equipment, Instruments & Components        93,818  
Equity Real Estate Investment Trusts (REITs) – 8.8%      

Camden Property Trust

     1,063        90,897  

Equity Residential

     1,625      106,974  

Highwoods Properties, Inc.

     1,031        52,282  

Lamar Advertising Co. Class A

     731        53,780  

LaSalle Hotel Properties

     1,135        33,823  

Rayonier, Inc.

     2,169        62,402  

Weingarten Realty Investors

     1,694        50,989  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               451,147  
Food Products – 3.8%      

Hershey Co. (The)

     1,080        115,960  

Hormel Foods Corp.

     1,389        47,379  

Sanderson Farms, Inc.

     293        33,885  
     

 

 

 
Total Food Products               197,224  
Health Care Providers & Services – 10.0%      

DaVita, Inc.*

     533        34,517  

HCA Healthcare, Inc.*

     1,339        116,761  

HealthSouth Corp.

     2,669        129,179  

Laboratory Corp. of America Holdings*

     250        38,535  

MEDNAX, Inc.*

     1,292        77,998  

Patterson Cos., Inc.

     808        37,936  

Quest Diagnostics, Inc.

     385        42,796  

Universal Health Services, Inc. Class B

     283        34,549  
     

 

 

 
Total Health Care Providers & Services               512,271  
Hotels, Restaurants & Leisure – 3.0%      

Cracker Barrel Old Country Store, Inc.(a)

     617        103,193  

Wyndham Worldwide Corp.

     508        51,009  
     

 

 

 
Total Hotels, Restaurants & Leisure               154,202  
Household Durables – 1.7%      

Leggett & Platt, Inc.

     1,014        53,265  

Tupperware Brands Corp.

     509        35,747  
     

 

 

 
Total Household Durables               89,012  
Household Products – 2.9%      

Clorox Co. (The)

     616        82,076  

Colgate-Palmolive Co.

     497        36,842  

Kimberly-Clark Corp.

     244        31,503  
     

 

 

 
Total Household Products               150,421  
Independent Power & Renewable Electricity Producers – 1.0%     

NRG Yield, Inc. Class C

     2,869        50,494  
Industrial Conglomerates – 1.2%      

3M Co.

     298        62,041  
Insurance – 6.4%      

Aflac, Inc.

     740        57,483  

American Financial Group, Inc.

     848        84,266  

AmTrust Financial Services, Inc.(a)

     1,291        19,546  

Assurant, Inc.

     729        75,590  

CNO Financial Group, Inc.

     1,827        38,148  

Primerica, Inc.

     363        27,497  

Prudential Financial, Inc.

     256        27,684  
     

 

 

 
Total Insurance               330,214  
Internet Software & Services – 4.3%      

Alphabet, Inc. Class A*

     64        59,500  

 

See Notes to Financial Statements.

 

112   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

eBay, Inc.*

     1,087      $ 37,958  

Facebook, Inc. Class A*

     528        79,717  

Match Group, Inc.*

     2,471        42,946  
     

 

 

 
Total Internet Software & Services               220,121  
IT Services – 1.7%      

Paychex, Inc.

     877        49,936  

Teradata Corp.*

     1,322        38,986  
     

 

 

 
Total IT Services               88,922  
Life Sciences Tools & Services – 1.0%      

PAREXEL International Corp.*

     588        51,103  
Media – 1.5%      

Omnicom Group, Inc.

     608        50,403  

Sinclair Broadcast Group, Inc. Class A

     757        24,905  
     

 

 

 
Total Media               75,308  
Multiline Retail – 1.1%      

Nordstrom, Inc.(a)

     1,146        54,813  
Oil, Gas & Consumable Fuels – 3.4%      

Marathon Petroleum Corp.

     717        37,521  

ONEOK, Inc.

     197        10,275  

PBF Energy, Inc. Class A(a)

     1,666        37,085  

Valero Energy Corp.

     999        67,393  

Williams Cos., Inc. (The)

     762        23,073  
     

 

 

 
Total Oil, Gas & Consumable Fuels               175,347  
Personal Products – 0.6%      

Nu Skin Enterprises, Inc. Class A

     520        32,677  
Pharmaceuticals – 0.5%      

Akorn, Inc.*

     733        24,585  
Professional Services – 0.5%      

Robert Half International, Inc.

     530        25,403  
Semiconductors & Semiconductor Equipment – 7.9%     

Advanced Energy Industries, Inc.*

     595        38,491  

Applied Materials, Inc.

     962        39,740  

Cirrus Logic, Inc.*

     2,553        160,124  

KLA-Tencor Corp.

     395        36,146  

Maxim Integrated Products, Inc.

     959        43,059  

NVIDIA Corp.

     360        52,042  

Texas Instruments, Inc.

     506        38,927  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               408,529  
Software – 5.6%      

Adobe Systems, Inc.*

     377        53,323  

Citrix Systems, Inc.*

     497        39,551  

Intuit, Inc.

     389        51,663  

Manhattan Associates, Inc.*

     805        38,688  

Paycom Software, Inc.*

     751        51,376  

Symantec Corp.

     1,919        54,212  
     

 

 

 
Total Software               288,813  
Specialty Retail – 3.5%      

Home Depot, Inc. (The)

     353        54,150  

Murphy USA, Inc.*

     1,373        101,753  

Office Depot, Inc.

     4,099      23,119  
     

 

 

 
Total Specialty Retail               179,022  
Textiles, Apparel & Luxury Goods – 1.9%      

Hanesbrands, Inc.

     4,197        97,203  
Thrifts & Mortgage Finance – 0.4%      

MGIC Investment Corp.*

     2,003        22,434  
Tobacco – 0.6%      

Philip Morris International, Inc.

     280        32,886  
Trading Companies & Distributors – 2.4%      

Fastenal Co.

     819        35,651  

GATX Corp.

     437        28,086  

Watsco, Inc.

     381        58,750  
     

 

 

 
Total Trading Companies & Distributors               122,487  

TOTAL COMMON STOCKS

(Cost: $4,880,210)

              5,098,558  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.4%  
United States – 4.4%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(b)

     
(Cost: $226,270)(c)      226,270        226,270  

TOTAL INVESTMENTS IN SECURITIES – 103.5%

(Cost: $5,106,480)

        5,324,828  

Liabilities in Excess of Cash and Other Assets – (3.5)%

 

     (181,229
     

 

 

 
NET ASSETS – 100.0%             $ 5,143,599  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(c) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $254,918 and the total market value of the collateral held by the Fund was $261,089. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $34,819.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
TOTAL RETURN SWAPS – SHORT EXPOSURE TO REFERENCE ENTITY  
Counterparty   Termination
Date
    Notional
Amount
    Fund
Receives
Floating
Rate
(per annum)
 

Fund
Pays
Total

Return of
Reference
Entity

    Unrealized
Appreciation/
(Depreciation)
 

BAML

    11/2/17     $ 1,406,064     1M LIBOR+ 0.10%     S&P 500 Index     $ 8,437  

BAML

    4/3/18       56,430     1M LIBOR+ 0.29%     S&P 500 Index       346  

BAML

    5/2/18       479,661     1M LIBOR+ 0.18%     S&P 500 Index       2,906  

BAML

    6/4/18       611,302     1M LIBOR+ 0.30%     S&P 500 Index       3,727  

MSCO

    11/2/17       1,453,090     1M LIBOR+ 0.10%     S&P 500 Index       8,719  

MSCO

    5/2/18       489,066     1M LIBOR+ 0.26%     S&P 500 Index       2,991  

MSCO

    6/4/18       611,302     1M LIBOR+ 0.20%     S&P 500 Index       3,638  
                                $ 30,764  

1M LIBOR – 1-Month London Interbank Offered Rate

BAML – Bank of America Merrill Lynch

MSCO – Morgan Stanley & Co.

 

 

 

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      113  


Table of Contents

Schedule of Investments

WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
United States – 99.5%      
Aerospace & Defense – 2.8%      

Boeing Co. (The)

     1,864      $ 368,606  

Lockheed Martin Corp.

     3,920        1,088,231  
     

 

 

 
Total Aerospace & Defense               1,456,837  
Air Freight & Logistics – 2.5%      

Expeditors International of Washington, Inc.

     12,537        708,090  

United Parcel Service, Inc. Class B

     5,524        610,899  
     

 

 

 
Total Air Freight & Logistics               1,318,989  
Airlines – 0.6%      

Delta Air Lines, Inc.

     5,642        303,201  
Auto Components – 0.8%      

Lear Corp.

     2,844        404,076  
Automobiles – 0.7%      

Harley-Davidson, Inc.

     7,372        398,235  
Biotechnology – 1.2%      

Amgen, Inc.

     1,715        295,374  

Gilead Sciences, Inc.

     4,937        349,441  
     

 

 

 
Total Biotechnology               644,815  
Communications Equipment – 3.4%      

Arista Networks, Inc.*

     3,274        490,412  

Harris Corp.

     4,240        462,499  

InterDigital, Inc.

     4,442        343,367  

Ubiquiti Networks, Inc.*(a)

     9,646        501,303  
     

 

 

 
Total Communications Equipment               1,797,581  
Consumer Finance – 1.5%      

Navient Corp.

     31,598        526,107  

Santander Consumer USA Holdings, Inc.*

     19,716        251,576  
     

 

 

 
Total Consumer Finance               777,683  
Containers & Packaging – 2.1%      

Crown Holdings, Inc.*

     8,689        518,386  

Graphic Packaging Holding Co.

     43,565        600,325  
     

 

 

 
Total Containers & Packaging               1,118,711  
Diversified Consumer Services – 2.3%      

H&R Block, Inc.

     38,844        1,200,668  
Diversified Telecommunication Services – 2.4%      

AT&T, Inc.

     16,859        636,090  

CenturyLink, Inc.(a)

     8,117        193,834  

Verizon Communications, Inc.

     9,637        430,388  
     

 

 

 
Total Diversified Telecommunication Services               1,260,312  
Electric Utilities – 1.7%      

PPL Corp.

     22,647        875,533  
Electronic Equipment, Instruments & Components – 1.8%  

Corning, Inc.

     16,686        501,414  

Universal Display Corp.

     3,980        434,815  
     

 

 

 
Total Electronic Equipment, Instruments & Components        936,229  
Equity Real Estate Investment Trusts (REITs) – 8.8%  

Camden Property Trust

     10,805        923,936  

Equity Residential

     17,134      1,127,931  

Highwoods Properties, Inc.

     10,284        521,502  

Lamar Advertising Co. Class A

     7,320        538,532  

LaSalle Hotel Properties

     11,474        341,925  

Rayonier, Inc.

     21,902        630,121  

Weingarten Realty Investors

     18,535        557,903  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               4,641,850  
Food Products – 3.8%      

Hershey Co. (The)

     11,007        1,181,822  

Hormel Foods Corp.

     14,310        488,114  

Sanderson Farms, Inc.

     2,905        335,963  
     

 

 

 
Total Food Products               2,005,899  
Health Care Providers & Services – 9.9%      

DaVita, Inc.*

     5,250        339,990  

HCA Healthcare, Inc.*

     13,429        1,171,009  

HealthSouth Corp.

     27,387        1,325,531  

Laboratory Corp. of America Holdings*

     2,489        383,655  

MEDNAX, Inc.*

     13,993        844,757  

Patterson Cos., Inc.

     8,054        378,135  

Quest Diagnostics, Inc.

     3,902        433,746  

Universal Health Services, Inc. Class B

     2,860        349,149  
     

 

 

 
Total Health Care Providers & Services               5,225,972  
Hotels, Restaurants & Leisure – 2.9%      

Cracker Barrel Old Country Store, Inc.(a)

     6,300        1,053,675  

Wyndham Worldwide Corp.

     4,897        491,708  
     

 

 

 
Total Hotels, Restaurants & Leisure               1,545,383  
Household Durables – 1.7%      

Leggett & Platt, Inc.

     9,788        514,164  

Tupperware Brands Corp.

     5,217        366,390  
     

 

 

 
Total Household Durables               880,554  
Household Products – 3.0%      

Clorox Co. (The)

     6,228        829,819  

Colgate-Palmolive Co.

     5,467        405,269  

Kimberly-Clark Corp.

     2,613        337,364  
     

 

 

 
Total Household Products               1,572,452  
Independent Power & Renewable Electricity Producers – 1.0%  

NRG Yield, Inc. Class C

     28,842        507,619  
Industrial Conglomerates – 1.1%      

3M Co.

     2,915        606,874  
Insurance – 6.4%      

Aflac, Inc.

     7,571        588,115  

American Financial Group, Inc.

     8,370        831,727  

AmTrust Financial Services, Inc.(a)

     16,403        248,342  

Assurant, Inc.

     7,407        768,032  

CNO Financial Group, Inc.

     18,880        394,214  

Primerica, Inc.

     3,737        283,078  

Prudential Financial, Inc.

     2,708        292,843  
     

 

 

 
Total Insurance               3,406,351  
Internet Software & Services – 4.4%      

Alphabet, Inc. Class A*

     650        604,292  

 

See Notes to Financial Statements.

 

114   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)

June 30, 2017

 

  

 

 

Investments    Shares      Value  

eBay, Inc.*

     11,418      $ 398,716  

Facebook, Inc. Class A*

     5,659        854,396  

Match Group, Inc.*

     25,465        442,582  
     

 

 

 
Total Internet Software & Services               2,299,986  
IT Services – 1.8%      

Paychex, Inc.

     9,410        535,806  

Teradata Corp.*

     13,937        411,002  
     

 

 

 
Total IT Services               946,808  
Life Sciences Tools & Services – 1.0%      

PAREXEL International Corp.*

     6,102        530,325  
Media – 1.4%      

Omnicom Group, Inc.

     5,954        493,586  

Sinclair Broadcast Group, Inc. Class A

     7,523        247,507  
     

 

 

 
Total Media               741,093  
Multiline Retail – 1.1%      

Nordstrom, Inc.(a)

     12,615        603,375  
Oil, Gas & Consumable Fuels – 3.4%      

Marathon Petroleum Corp.

     6,768        354,169  

ONEOK, Inc.

     2,985        155,698  

PBF Energy, Inc. Class A(a)

     16,365        364,285  

Valero Energy Corp.

     10,607        715,548  

Williams Cos., Inc. (The)

     6,975        211,203  
     

 

 

 
Total Oil, Gas & Consumable Fuels               1,800,903  
Personal Products – 0.6%      

Nu Skin Enterprises, Inc. Class A

     5,329        334,874  
Pharmaceuticals – 0.5%      

Akorn, Inc.*

     7,250        243,165  
Professional Services – 0.5%      

Robert Half International, Inc.

     5,358        256,809  
Semiconductors & Semiconductor Equipment – 7.9%  

Advanced Energy Industries, Inc.*

     5,958        385,423  

Applied Materials, Inc.

     9,310        384,596  

Cirrus Logic, Inc.*

     26,149        1,640,065  

KLA-Tencor Corp.

     3,962        362,563  

Maxim Integrated Products, Inc.

     9,526        427,717  

NVIDIA Corp.

     3,716        537,185  

Texas Instruments, Inc.

     5,847        449,810  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        4,187,359  
Software – 5.6%      

Adobe Systems, Inc.*

     3,914        553,596  

Citrix Systems, Inc.*

     5,204        414,135  

Intuit, Inc.

     3,912        519,553  

Manhattan Associates, Inc.*

     8,369        402,214  

Paycom Software, Inc.*

     7,600        519,916  

Symantec Corp.

     19,813        559,717  
     

 

 

 
Total Software               2,969,131  
Specialty Retail – 3.6%      

Home Depot, Inc. (The)

     4,000        613,600  

Murphy USA, Inc.*

     14,026        1,039,467  

Office Depot, Inc.

     41,963      236,671  
     

 

 

 
Total Specialty Retail               1,889,738  
Textiles, Apparel & Luxury Goods – 1.9%      

Hanesbrands, Inc.

     42,674        988,330  
Thrifts & Mortgage Finance – 0.4%      

MGIC Investment Corp.*

     21,031        235,547  
Tobacco – 0.6%      

Philip Morris International, Inc.

     2,906        341,310  
Trading Companies & Distributors – 2.4%      

Fastenal Co.

     9,156        398,561  

GATX Corp.

     4,368        280,731  

Watsco, Inc.

     3,778        582,568  
     

 

 

 
Total Trading Companies & Distributors               1,261,860  
TOTAL COMMON STOCKS
(Cost: $49,963,456)
              52,516,437  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5%  
United States – 4.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(b)

     
(Cost: $2,399,393)(c)      2,399,393        2,399,393  
TOTAL INVESTMENTS IN SECURITIES – 104.0%
(Cost: $52,362,849)
        54,915,830  

Liabilities in Excess of Cash and Other Assets – (4.0)%

 

     (2,118,540
     

 

 

 
NET ASSETS – 100.0%             $ 52,797,290  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2017 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2017.

 

(c) 

At June 30, 2017, the total market value of the Fund’s securities on loan was $2,592,027 and the total market value of the collateral held by the Fund was $2,653,228. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $253,835.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
TOTAL RETURN SWAPS - SHORT EXPOSURE TO REFERENCE ENTITY  
Counterparty   Termination
Date
    Notional
Amount
    Fund
Receives
Floating
Rate
(per annum)
  Fund
Pays
Total
Return of
Reference
Entity
    Unrealized
Appreciation/
(Depreciation)
 

BAML

    6/4/18     $ 11,605,328     1M LIBOR+ 0.30%     S&P 500 Index     $ 72,094  

BAML

    6/4/18       1,116,731     1M LIBOR+ 0.20%     S&P 500 Index       4,291  

BAML

    7/3/18       368,988     1M LIBOR+ 0.31%     S&P 500 Index       (603

MSCO

    6/4/18       11,605,328     1M LIBOR+ 0.20%     S&P 500 Index       70,207  

MSCO

    6/4/18       1,116,731     1M LIBOR+ 0.25%     S&P 500 Index       4,114  

MSCO

    7/3/18       368,987     1M LIBOR+ 0.20%     S&P 500 Index       (603
                                $ 149,500  

1M LIBOR – 1-Month London Interbank Offered Rate

BAML – Bank of America Merrill Lynch

MSCO – Morgan Stanley & Co.

 

 

 

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      115  


Table of Contents

Statements of Assets and Liabilities

WisdomTree Trust

June 30, 2017

 

  

 

 

     WisdomTree
Dynamic
Currency
Hedged Europe
Equity Fund
    WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund
    WisdomTree
Dynamic
Currency
Hedged
International
Quality
Dividend
Growth  Fund
    WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund
    WisdomTree
Dynamic
Currency
Hedged Japan
Equity Fund
 

ASSETS:

         

Investments, at cost

  $ 1,258,823     $ 414,456,895     $     $ 2,818,127     $ 2,489,271  

Investment in affiliates, at cost (Note 3)

                1,987,219              

Foreign currency, at cost

    895       118,783       205       520       1,641  

Investments in securities, at value1,2 (Note 2)

    1,477,084       452,253,589             3,081,195       2,755,004  

Investment in affiliates, at value (Note 3)

                2,329,087              

Cash

    251       192,272       1,029       1,989       1,817  

Foreign currency, at value

    901       119,130       209       521       1,644  

Unrealized appreciation on foreign currency contracts

    3       1,333,365       3,570       9,822       38,836  

Receivables:

 

Corporate action proceeds

                      2,026        

Investment securities sold

    2,144             7,938              

Dividends and interest

    771       1,179,492             4,186       4,444  

Foreign tax reclaims

    3,979       532,165             529       551  

Total Assets

    1,485,133       455,610,013       2,341,833       3,100,268       2,802,296  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

    6,197       2,179,040       10,533       16,537       70  

Payables:

         

Cash collateral for securities loaned (Note 2)

    15,009       2,333,800             70,484       7,961  

Investment securities purchased

                            36,342  

Advisory fees (Note 3)

    527       131,045       194       1,035       970  

Service fees (Note 2)

    5       1,647       8       11       10  

Total Liabilities

    21,738       4,645,532       10,735       88,067       45,353  

NET ASSETS

  $ 1,463,395     $ 450,964,481     $ 2,331,098     $ 3,012,201     $ 2,756,943  

NET ASSETS:

         

Paid-in capital

  $ 1,246,835     $ 422,388,233     $ 1,989,689     $ 2,778,986     $ 2,612,745  

Undistributed (Distributions in excess of) net investment income

          (889,776           3,607       58,627  

Accumulated net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    4,413       (7,516,043     6,500       (26,801     (218,899

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    212,147       36,982,067       334,909       256,409       304,470  

NET ASSETS

  $ 1,463,395     $ 450,964,481     $ 2,331,098     $ 3,012,201     $ 2,756,943  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

    50,004       15,950,004       100,005       100,004       100,004  

Net asset value per share

  $ 29.27     $ 28.27     $ 23.31     $ 30.12     $ 27.57  

 

1    Includes market value of securities out on loan of:

  $ 23,863     $ 4,009,909           $ 80,353     $ 7,586  

 

2     Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

      

 

 

See Notes to Financial Statements.

 

116   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Trust

June 30, 2017

 

  

 

 

     WisdomTree
Emerging
Markets
Dividend Fund
    WisdomTree
Europe
Domestic
Economy Fund
    WisdomTree
Global
ex-Mexico
Equity Fund
    WisdomTree
Global Hedged
SmallCap
Dividend Fund
    WisdomTree
Global
SmallCap
Dividend Fund
 

ASSETS:

         

Investments, at cost

  $ 10,935,432     $ 2,669,568     $ 50,930,483     $ 1,086,750     $ 23,896,566  

Investment in affiliates, at cost (Note 3)

                      18,738,923        

Foreign currency, at cost

    15,332       1,173       9,209       228       16,540  

Investments in securities, at value1,2 (Note 2)

    11,840,646       2,803,765       51,010,133       1,086,750       28,883,711  

Investment in affiliates, at value (Note 3)

                      24,468,302        

Cash

    1,125       1,698       74,262       34,963       5,001  

Foreign currency, at value

    15,317       1,175       9,315       232       16,566  

Unrealized appreciation on foreign currency contracts

                1       73,124        

Receivables:

 

Investment securities sold

    13,840             178,792       20,071        

Dividends and interest

    83,491       325       36,453       1,106       55,811  

Foreign tax reclaims

          1,541       864             4,595  

Total Assets

    11,954,419       2,808,504       51,309,820       25,684,548       28,965,684  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

                20       125,011       8  

Payables:

         

Cash collateral for securities loaned (Note 2)

    65,112       27,023       121,995       1,086,750       1,394,805  

Investment securities purchased

                140,042              

Advisory fees (Note 3)

    3,143       723       5,543             9,782  

Service fees (Note 2)

    44       7       81       88       100  

Foreign capital gains tax

    707                          

Total Liabilities

    69,006       27,753       267,681       1,211,849       1,404,695  

NET ASSETS

  $ 11,885,413     $ 2,780,751     $ 51,042,139     $ 24,472,699     $ 27,560,989  

NET ASSETS:

         

Paid-in capital

  $ 10,924,182     $ 2,736,571     $ 50,951,859     $ 19,365,380     $ 22,946,422  

Undistributed (Distributions in excess of) net investment income

    80,803       1,531       45,485       (3,844     72,662  

Accumulated net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

    (24,092  

 

(91,571

    (35,069     (566,333     (445,538

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    904,520       134,220       79,864       5,677,496       4,987,443  

NET ASSETS

  $ 11,885,413     $ 2,780,751     $ 51,042,139     $ 24,472,699     $ 27,560,989  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

    400,004       100,004       1,900,004       1,000,005       900,004  

Net asset value per share

  $ 29.71     $ 27.81     $ 26.86     $ 24.47     $ 30.62  

 

1    Includes market value of securities out on loan of:

  $ 79,304     $ 38,825     $ 159,325     $ 1,060,530     $ 1,627,047  

 

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 Annual Report June 30, 2017      117  


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Trust

June 30, 2017

 

  

 

 

      WisdomTree
Strong Dollar
Emerging
Markets
Equity Fund
     WisdomTree
U.S. Domestic
Economy Fund
     WisdomTree
U.S. Export and
Multinational
Fund
     WisdomTree
Fundamental
U.S. Corporate
Bond Fund
     WisdomTree
Fundamental
U.S. High Yield
Corporate
Bond Fund
 

ASSETS:

 

Investments, at cost

   $ 5,031,239      $ 2,087,127      $ 677,065      $ 4,933,067      $ 4,921,266  

Foreign currency, at cost

     4,639                              

Investments in securities, at value1,2 (Note 2)

     5,656,066        2,141,313        728,525        4,920,608        5,107,585  

Cash

     5,125        206        99        96,169        43,585  

Foreign currency, at value

     4,646                              

Receivables:

 

Investment securities sold

                   1,959                

Dividends and interest

     8,540        3,061        1,072        53,575        79,470  

Total Assets

     5,674,377        2,144,580        731,655        5,070,352        5,230,640  

LIABILITIES:

 

Payables:

 

Cash collateral for securities loaned (Note 2)

     93,741        9,621                       

Investment securities purchased

                   1,871        81,950         

Advisory fees (Note 3)

     2,612        581        200        740        1,641  

Service fees (Note 2)

     20        8        3        18        19  

Total Liabilities

     96,373        10,210        2,074        82,708        1,660  

NET ASSETS

   $ 5,578,004      $ 2,134,370      $ 729,581      $ 4,987,644      $ 5,228,980  

NET ASSETS:

 

Paid-in capital

   $ 4,657,530      $ 2,151,530      $ 732,126      $ 4,998,703      $ 4,998,967  

Undistributed net investment income

     66,012        4,446        458        7,417        3,432  

Accumulated net realized gain (loss) on investments and foreign currency related transactions

     229,657        (75,792      (54,463      (6,017      40,262  

Net unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

     624,805        54,186        51,460        (12,459      186,319  

NET ASSETS

   $ 5,578,004      $ 2,134,370      $ 729,581      $ 4,987,644      $ 5,228,980  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     200,004        75,000        25,000        100,002        100,002  

Net asset value per share

   $ 27.89      $ 28.46      $ 29.18      $ 49.88      $ 52.29  

 

1     Includes market value of securities out on loan of:

   $ 148,669      $ 14,750      $ 874                

 

2     Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

      

  

 

See Notes to Financial Statements.

 

118   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Trust

June 30, 2017

 

  

 

 

      WisdomTree
Fundamental
U.S. Short-Term
Corporate  Bond
Fund
     WisdomTree
Fundamental
U.S. Short-Term
High  Yield
Corporate
Bond Fund
     WisdomTree
Dynamic
Bearish U.S.
Equity Fund
     WisdomTree
Dynamic
Long/Short U.S.
Equity Fund
 

ASSETS:

 

Investments, at cost

   $ 4,936,898      $ 4,732,150      $ 5,106,480      $ 52,362,849  

Investments in securities, at value1,2 (Note 2)

     4,929,683        4,807,749        5,324,828        54,915,830  

Cash

     82,091        252,253        9,377        73,586  

Unrealized appreciation on swap contracts

                   30,764        150,706  

Receivables:

 

Capital shares sold

                          1,508,470  

Dividends and interest

     46,843        80,521        6,937        68,676  

Total Assets

     5,058,617        5,140,523        5,371,906        56,717,268  

LIABILITIES:

 

Unrealized depreciation on swap contracts

                          1,206  

Payables:

 

Cash collateral for securities loaned (Note 2)

                   226,270        2,399,393  

Investment securities purchased

     63,602                      1,499,622  

Advisory fees (Note 3)

     740        1,609        2,019        19,578  

Service fees (Note 2)

     18        19        18        179  

Total Liabilities

     64,360        1,628        228,307        3,919,978  

NET ASSETS

   $ 4,994,257      $ 5,138,895      $ 5,143,599      $ 52,797,290  

NET ASSETS:

 

Paid-in capital

   $ 5,000,791      $ 4,999,958      $ 6,029,449      $ 50,325,088  

Undistributed net investment income/(Accumulated net investment loss)

     3,523        1,693        (449,873      306,456  

Accumulated net realized gain (loss) on investments and swap contracts

     (2,842      61,645        (685,089      (536,735

Net unrealized appreciation (depreciation) on investments and swap contracts

     (7,215      75,599        249,112        2,702,481  

NET ASSETS

   $ 4,994,257      $ 5,138,895      $ 5,143,599      $ 52,797,290  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     100,002        100,002        200,004        1,750,004  

Net asset value per share

   $ 49.94      $ 51.39      $ 25.72      $ 30.17  

 

1     Includes market value of securities out on loan of:

                 $ 254,918      $ 2,592,027  

 

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 Annual Report June 30, 2017      119  


Table of Contents

Statements of Operations

WisdomTree Trust

For the Year or Period Ended June 30, 2017

 

  

 

 

      WisdomTree
Dynamic
Currency
Hedged Europe
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Quality
Dividend
Growth Fund1
     WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
Japan Equity
Fund
 

INVESTMENT INCOME:

 

Dividends2

   $ 86,917      $ 13,216,643      $      $ 67,385      $ 84,885  

Dividends from affiliates (Note 3)

                   33,123                

Securities lending income (Note 2)

     993        157,412               1,478        333  

Total investment income

     87,910        13,374,055        33,123        68,863        85,218  

EXPENSES:

 

Advisory fees (Note 3)

     18,414        1,328,928        8,239        9,203        21,080  

Service fees (Note 2)

     169        14,618        62        84        193  

Total expenses

     18,583        1,343,546        8,301        9,287        21,273  

Expense waivers (Note 3)

     (1,918      (166,116      (6,818      (959      (2,196

Net expenses

     16,665        1,177,430        1,483        8,328        19,077  

Net investment income

     71,245        12,196,625        31,640        60,535        66,141  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

 

Investment transactions3

     (12,503      (2,742,483             34,376        9,621  

Investment transactions in affiliates (Note 3)

                   8,736                

In-kind redemptions

     519,338        7,085,987               89,964        574,024  

Foreign currency contracts and foreign currency related transactions

     177,932        2,594,601        (19,668      39,280        (27,334

Net realized gain (loss)

     684,767        6,938,105        (10,932      163,620        556,311  

Net change in unrealized appreciation (depreciation) from:

 

Investment transactions

     201,695        46,631,748        341,868        257,738        178,935  

Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (12,791      (2,543,616      (6,959      (1,619      226,767  

Net change in unrealized appreciation (depreciation)

     188,904        44,088,132        334,909        256,119        405,702  

Net realized and unrealized gain on investments

     873,671        51,026,237        323,977        419,739        962,013  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 944,916      $ 63,222,862      $ 355,617      $ 480,274      $ 1,028,154  

1     For the period November 3, 2016 (commencement of operations) through June 30, 2017.

      

  

2     Net of foreign withholding tax of:

   $ 14,297      $ 1,161,781             $ 7,957      $ 15,735  

3     Net of foreign capital gains tax withheld of:

                        $ 483         

 

See Notes to Financial Statements.

 

120   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Statements of Operations (continued)

WisdomTree Trust

For the Year or Period Ended June 30, 2017

 

  

 

 

      WisdomTree
Emerging
Markets
Dividend Fund
     WisdomTree
Europe
Domestic
Economy Fund
     WisdomTree
Global
ex-Mexico
Equity Fund1
     WisdomTree
Global Hedged
SmallCap
Dividend Fund
     WisdomTree
Global
SmallCap
Dividend Fund
 

INVESTMENT INCOME:

 

Dividends2

   $ 234,682      $ 68,032      $ 64,468      $      $ 845,280  

Dividends from affiliates (Note 3)

                          721,188         

Securities lending income (Note 2)

     697        2,455        142        4,157        15,634  

Total investment income

     235,379        70,487        64,610        725,345        860,914  

EXPENSES:

 

Advisory fees (Note 3)

     20,319        17,513        9,228        104,930        115,890  

Service fees (Note 2)

     279        133        116        1,073        1,186  

Total expenses

     20,598        17,646        9,344        106,003        117,076  

Expense waivers (Note 3)

            (3,020      (1,318      (104,930       

Net expenses

     20,598        14,626        8,026        1,073        117,076  

Net investment income

     214,781        55,861        56,584        724,272        743,838  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions3

     (11,872      (32,136      (30,130             (257,651

Investment transactions in affiliates (Note 3)

                          121,963         

In-kind redemptions

            217,711                      4,913,914  

In-kind redemptions in affiliates (Note 3)

                          3,328,321         

Futures contracts

                                 (15,303

Foreign currency contracts and foreign currency related transactions

     4,318        260        (1,538      (104,853      (4,722

Net realized gain (loss)

     (7,554      185,835        (31,668      3,345,431        4,636,238  

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions4

     817,510        664,355        79,650        841,785        51,913  

Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (6      103        214        306,617        711  

Net change in unrealized appreciation (depreciation)

     817,504        664,458        79,864        1,148,402        52,624  

Net realized and unrealized gain on investments

     809,950        850,293        48,196        4,493,833        4,688,862  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 1,024,731      $ 906,154      $ 104,780      $ 5,218,105      $ 5,432,700  

1     For the period February 10, 2017 (commencement of operations) through June 30, 2017.

      

  

2     Net of foreign withholding tax of:

   $ 30,736      $ 15,020      $ 4,021             $ 54,382  

3     Net of foreign capital gains tax withheld of:

   $ 127                              

4     Net of foreign capital gain taxes of:

   $ (413                            

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      121  


Table of Contents

Statements of Operations (continued)

WisdomTree Trust

For the Year Ended June 30, 2017

 

  

 

 

      WisdomTree
Strong Dollar
Emerging
Markets
Equity Fund
     WisdomTree
U.S. Domestic
Economy Fund
     WisdomTree
U.S. Export and
Multinational
Fund
     WisdomTree
Fundamental
U.S. Corporate
Bond Fund
     WisdomTree
Fundamental
U.S. High Yield
Corporate
Bond Fund
 

INVESTMENT INCOME:

 

Dividends1

   $ 177,681      $ 29,952      $ 22,235      $      $  

Interest

                          145,603        299,804  

Securities lending income (Note 2)

     1,452        175        191                

Total investment income

     179,133        30,127        22,426        145,603        299,804  

EXPENSES:

 

Advisory fees (Note 3)

     49,643        5,107        4,101        13,931        24,970  

Service fees (Note 2)

     377        68        55        219        229  

Total expenses

     50,020        5,175        4,156        14,150        25,199  

Expense waivers (Note 3)

     (40                    (4,976      (5,202

Net expenses

     49,980        5,175        4,156        9,174        19,997  

Net investment income

     129,153        24,952        18,270        136,429        279,807  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

 

Investment transactions2

     679,005        (48,808      (23,625      18,609        77,482  

In-kind redemptions

     113,520        205,754        201,273                

Foreign currency contracts and foreign currency related transactions

     6,630                              

Net realized gain

     799,155        156,946        177,648        18,609        77,482  

Net change in unrealized appreciation (depreciation) from:

 

Investment transactions

     405,223        (7,456      60,504        (81,673      146,656  

Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (133                            

Net change in unrealized appreciation (depreciation)

     405,090        (7,456      60,504        (81,673      146,656  

Net realized and unrealized gain (loss) on investments

     1,204,245        149,490        238,152        (63,064      224,138  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 1,333,398      $ 174,442      $ 256,422      $ 73,365      $ 503,945  

1     Net of foreign withholding tax of:

   $ 33,165                              

2     Net of foreign capital gains tax withheld of:

   $ 3,680                              

 

See Notes to Financial Statements.

 

122   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended June 30, 2017

 

  

 

 

      WisdomTree
Fundamental
U.S. Short-Term
Corporate  Bond
Fund
     WisdomTree
Fundamental
U.S. Short-Term
High  Yield
Corporate Bond
Fund
     WisdomTree
Dynamic
Bearish U.S.
Equity Fund
     WisdomTree
Dynamic
Long/Short U.S.
Equity Fund
 

INVESTMENT INCOME:

 

Dividends

   $      $      $ 116,290      $ 717,778  

Interest

     88,234        262,368                

Securities lending income (Note 2)

                   1,219        7,771  

Total investment income

     88,234        262,368        117,509        725,549  

EXPENSES:

 

Advisory fees (Note 3)

     13,985        24,690        26,100        158,162  

Service fees (Note 2)

     220        226        217        1,313  

Total expenses

     14,205        24,916        26,317        159,475  

Expense waivers (Note 3)

     (4,995      (5,144      (2,462      (14,921

Net expenses

     9,210        19,772        23,855        144,554  

Net investment income

     79,024        242,596        93,654        580,995  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

           

Net realized gain (loss) from:

 

Investment transactions

     (2,024      115,899        185,496        710,103  

In-kind redemptions

                   1,101,782        1,843,207  

Swap contracts

                   (982,033      (1,032,263

Net realized gain (loss)

     (2,024      115,899        305,245        1,521,047  

Net change in unrealized appreciation (depreciation) from:

 

Investment transactions

     (26,151      45,424        19,141        2,331,647  

Swap contracts

                   14,292        149,500  

Net change in unrealized appreciation (depreciation)

     (26,151      45,424        33,433        2,481,147  

Net realized and unrealized gain (loss) on investments

     (28,175      161,323        338,678        4,002,194  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 50,849      $ 403,919      $ 432,332      $ 4,583,189  

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      123  


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

  

 

 

     WisdomTree Dynamic Currency
Hedged Europe Equity Fund
    WisdomTree Dynamic Currency
Hedged International Equity Fund
    WisdomTree Dynamic
Currency Hedged
International Quality
Dividend Growth  Fund
 
     For the
Year Ended
June 30, 2017
    For the Period
January 7, 2016*
through
June 30, 2016
    For the
Year Ended
June 30, 2017
    For the Period
January 7, 2016*
through
June 30, 2016
    For the Period
November 3, 2016*
through
June 30, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

       

Net investment income

  $ 71,245     $ 125,569     $ 12,196,625     $ 3,091,939     $ 31,640  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    684,767       (17,370     6,938,105       (4,117,982     (10,932

Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    188,904       23,243       44,088,132       (7,106,065     334,909  

Net increase (decrease) in net assets resulting from operations

    944,916       131,442       63,222,862       (8,132,108     355,617  

DIVIDENDS AND DISTRIBUTIONS:

 

Net investment income

    (70,704     (113,002     (11,473,730     (2,752,751     (14,208

Capital gains

    (22,778           (5,225,655            

Return of capital

                            (1,288

Total dividends and distributions

    (93,482     (113,002     (16,699,385     (2,752,751     (15,496

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

          4,636,202       186,577,247       254,690,394       1,990,877  

Cost of shares redeemed

    (4,042,781           (25,941,878            

Net increase (decrease) in net assets resulting from capital share transactions

    (4,042,781     4,636,202       160,635,369       254,690,394       1,990,877  

Net Increase (Decrease) in Net Assets

    (3,191,347     4,654,642       207,158,846       243,805,535       2,330,998  

NET ASSETS:

 

Beginning of period

  $ 4,654,742     $ 100     $ 243,805,635     $ 100     $ 100  

End of period

  $ 1,463,395     $ 4,654,742     $ 450,964,481     $ 243,805,635     $ 2,331,098  

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $     $ 32,869     $ (889,776   $ 502,119     $  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    200,004       4       10,050,004       4       5  

Shares created

          200,000       6,800,000       10,050,000       100,000  

Shares redeemed

    (150,000           (900,000            

Shares outstanding, end of period

    50,004       200,004       15,950,004       10,050,004       100,005  
* Commencement of operations.

 

See Notes to Financial Statements.

 

124   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

  

 

 

     WisdomTree Dynamic Currency Hedged
International SmallCap Equity Fund
    WisdomTree Dynamic Currency Hedged
Japan Equity Fund
    WisdomTree Emerging Markets
Dividend Fund
 
     For the
Year Ended
June 30, 2017
    For the Period
January 7, 2016*
through
June 30, 2016
    For the
Year Ended
June 30, 2017
    For the Period
January 7, 2016*
through
June 30, 2016
    For the
Year Ended
June 30, 2017
    For the Period
April 7, 2016*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 60,535     $ 52,071     $ 66,141     $ 49,895     $ 214,781     $ 35,545  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    163,620       (104,059     556,311       (158,511     (7,554     (9,347

Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    256,119       290       405,702       (101,232     817,504       87,016  

Net increase (decrease) in net assets resulting from operations

    480,274       (51,698     1,028,154       (209,848     1,024,731       113,214  

DIVIDENDS:

 

Net investment income

    (61,314     (47,502     (71,748     (37,001     (164,213     (12,501

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    1,516,849       2,486,635             4,695,893       8,462,255       2,461,827  

Cost of shares redeemed

    (1,311,143           (2,648,607                  

Net increase (decrease) in net assets resulting from capital share transactions

    205,706       2,486,635       (2,648,607     4,695,893       8,462,255       2,461,827  

Net Increase (Decrease) in Net Assets

    624,666       2,387,435       (1,692,201     4,449,044       9,322,773       2,562,540  

NET ASSETS:

 

Beginning of period

  $ 2,387,535     $ 100     $ 4,449,144     $ 100     $ 2,562,640     $ 100  

End of period

  $ 3,012,201     $ 2,387,535     $ 2,756,943     $ 4,449,144     $ 11,885,413     $ 2,562,640  

Undistributed net investment income included in net assets at end of period

  $ 3,607     $ 7,692     $ 58,627     $ 11,043     $ 80,803     $ 21,255  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    100,004       4       200,004       4       100,004       4  

Shares created

    50,000       100,000             200,000       300,000       100,000  

Shares redeemed

    (50,000           (100,000                  

Shares outstanding, end of period

    100,004       100,004       100,004       200,004       400,004       100,004  
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      125  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

  

 

 

     WisdomTree Europe Domestic
Economy Fund
    WisdomTree Global ex-Mexico
Equity Fund
    WisdomTree Global Hedged
SmallCap Dividend Fund
 
     For the
Year Ended
June 30, 2017
    For the Period
October 29, 2015*
through
June 30, 2016
    For the Period
February 10, 2017*
through
June 30, 2017
    For the
Year Ended
June 30, 2017
    For the Period
November 19, 2015*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

       

Net investment income

  $ 55,861     $ 77,436     $ 56,584     $ 724,272     $ 493,560  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    185,835       (61,017     (31,668     3,345,431       (424,058

Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    664,458       (530,238     79,864       1,148,402       4,529,094  

Net increase (decrease) in net assets resulting from operations

    906,154       (513,819     104,780       5,218,105       4,598,596  

DIVIDENDS:

 

Net investment income

    (59,154     (73,190     (14,500     (692,894     (459,192

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    1,406,449       3,715,311       50,951,759       2,183,287       33,057,923  

Cost of shares redeemed

    (2,601,100                 (17,437,362     (1,995,864

Net increase (decrease) in net assets resulting from capital share transactions

    (1,194,651     3,715,311       50,951,759       (15,254,075     31,062,059  

Net Increase (Decrease) in Net Assets

    (347,651     3,128,302       51,042,039       (10,728,864     35,201,463  

NET ASSETS:

 

Beginning of period

  $ 3,128,402     $ 100     $ 100     $ 35,201,563     $ 100  

End of period

  $ 2,780,751     $ 3,128,402     $ 51,042,139     $ 24,472,699     $ 35,201,563  

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ 1,531     $ 4,571     $ 45,485     $ (3,844   $ 7,284  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    150,004       4       4       1,700,005       5  

Shares created

    50,000       150,000       1,900,000       100,000       1,800,000  

Shares redeemed

    (100,000                 (800,000     (100,000

Shares outstanding, end of period

    100,004       150,004       1,900,004       1,000,005       1,700,005  
* Commencement of operations.

 

See Notes to Financial Statements.

 

126   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

  

 

 

     WisdomTree Global SmallCap
Dividend Fund
    WisdomTree Strong Dollar Emerging
Markets Equity Fund
    WisdomTree U.S. Domestic
Economy Fund
 
     For the
Year Ended
June 30, 2017
    For the Period
November 12, 2015*
through
June 30, 2016
    For the
Year Ended
June 30, 2017
    For the Period
October 29, 2015*
through
June 30, 2016
    For the
Year Ended
June 30, 2017
    For the Period
July 21, 2015*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 743,838     $ 614,296     $ 129,153     $ 26,719     $ 24,952     $ 28,711  

Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

    4,636,238       132,229       799,155       (105,242     156,946       (57,250

Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    52,624       4,934,819       405,090       219,715       (7,456     61,642  

Net increase in net assets resulting from operations

    5,432,700       5,681,344       1,333,398       141,192       174,442       33,103  

DIVIDENDS:

 

Net investment income

    (809,961     (511,968     (136,065     (2,068     (26,923     (24,832

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    10,918,433       34,057,555       2,451,358       7,016,355       2,828,489       2,499,007  

Cost of shares redeemed

    (24,696,254     (2,510,960     (5,226,266           (2,130,956     (1,218,060

Net increase (decrease) in net assets resulting from capital share transactions

    (13,777,821     31,546,595       (2,774,908     7,016,355       697,533       1,280,947  

Net Increase (Decrease) in Net Assets

    (9,155,082     36,715,971       (1,577,575     7,155,479       845,052       1,289,218  

NET ASSETS:

 

Beginning of period

  $ 36,716,071     $ 100     $ 7,155,579     $ 100     $ 1,289,318     $ 100  

End of period

  $ 27,560,989     $ 36,716,071     $ 5,578,004     $ 7,155,579     $ 2,134,370     $ 1,289,318  

Undistributed net investment income included in net assets at end of period

  $ 72,662     $ 107,044     $ 66,012     $ 22,320     $ 4,446     $ 3,879  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    1,400,004       4       300,004       4       50,000       4  

Shares created

    400,000       1,500,000       100,000       300,000       100,000       100,000  

Shares redeemed

    (900,000     (100,000     (200,000           (75,000     (50,004

Shares outstanding, end of period

    900,004       1,400,004       200,004       300,004       75,000       50,000  
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      127  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

  

 

 

     WisdomTree U.S. Export and
Multinational Fund
    WisdomTree Fundamental U.S.
Corporate Bond Fund
    WisdomTree Fundamental U.S. High
Yield Corporate Bond Fund
 
     For the
Year Ended
June 30, 2017
    For the Period
July 21, 2015*
through
June 30, 2016
    For the
Year Ended
June 30, 2017
    For the Period
April 27, 2016*
through
June 30, 2016
    For the
Year Ended
June 30, 2017
    For the Period
April 27, 2016*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 18,270     $ 23,660     $ 136,429     $ 22,230     $ 279,807     $ 47,338  

Net realized gain (loss) on investments

    177,648       (54,475     18,609       (138     77,482        

Net change in unrealized appreciation (depreciation) on investments

    60,504       (9,044     (81,673     69,214       146,656       39,663  

Net increase (decrease) in net assets resulting from operations

    256,422       (39,859     73,365       91,306       503,945       87,001  

DIVIDENDS AND DISTRIBUTIONS:

 

Net investment income

    (19,918     (21,554     (130,242     (21,000     (278,712     (45,001

Capital gains

                (24,488           (37,220      

Total dividends and distributions

    (19,918     (21,554     (154,730     (21,000     (315,932     (45,001

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    1,418,799       2,502,016             4,998,603             4,998,867  

Cost of shares redeemed

    (2,137,207     (1,229,218                        

Net increase (decrease) in net assets resulting from capital share transactions

    (718,408     1,272,798             4,998,603             4,998,867  

Net Increase (Decrease) in Net Assets

    (481,904     1,211,385       (81,365     5,068,909       188,013       5,040,867  

NET ASSETS:

 

Beginning of period

  $ 1,211,485     $ 100     $ 5,069,009     $ 100     $ 5,040,967     $ 100  

End of period

  $ 729,581     $ 1,211,485     $ 4,987,644     $ 5,069,009     $ 5,228,980     $ 5,040,967  

Undistributed net investment income included in net assets at end of period

  $ 458     $ 2,106     $ 7,417     $ 1,230     $ 3,432     $ 2,337  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    50,000       4       100,002       2       100,002       2  

Shares created

    50,000       100,000             100,000             100,000  

Shares redeemed

    (75,000     (50,004                        

Shares outstanding, end of period

    25,000       50,000       100,002       100,002       100,002       100,002  
* Commencement of operations.

 

See Notes to Financial Statements.

 

128   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

  

 

 

     WisdomTree Fundamental U.S.
Short-Term Corporate Bond Fund
    WisdomTree Fundamental U.S.
Short-Term High Yield  Corporate
Bond Fund
    WisdomTree Dynamic Bearish U.S.
Equity Fund
 
     For the
Year Ended
June 30, 2017
    For the Period
April 27, 2016*
through
June 30, 2016
    For the
Year Ended
June 30, 2017
    For the Period
April 27, 2016*
through
June 30, 2016
    For the
Year Ended
June 30, 2017
    For the Period
December 23, 2015*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 79,024     $ 12,001     $ 242,596     $ 50,503     $ 93,654     $ 31,540  

Net realized gain (loss) on investments and swap contracts

    (2,024     (818     115,899             305,245       (1,574,723

Net change in unrealized appreciation (depreciation) on investments and swap contracts

    (26,151     18,936       45,424       30,175       33,433       215,679  

Net increase (decrease) in net assets resulting from operations

    50,849       30,119       403,919       80,678       432,332       (1,327,504

DIVIDENDS AND DISTRIBUTIONS:

 

Net investment income

    (76,502     (11,000     (242,405     (49,001            

Capital gains

                (54,254                  

Return of capital

                                  (15,750

Total dividends and distributions

    (76,502     (11,000     (296,659     (49,001           (15,750

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

          5,000,691             4,999,858       9,895,363       26,967,888  

Cost of shares redeemed

                            (16,111,233     (14,697,597

Net increase (decrease) in net assets resulting from capital share transactions

          5,000,691             4,999,858       (6,215,870     12,270,291  

Net Increase (Decrease) in Net Assets

    (25,653     5,019,810       107,260       5,031,535       (5,783,538     10,927,037  

NET ASSETS:

 

Beginning of period

  $ 5,019,910     $ 100     $ 5,031,635     $ 100     $ 10,927,137     $ 100  

End of period

  $ 4,994,257     $ 5,019,910     $ 5,138,895     $ 5,031,635     $ 5,143,599     $ 10,927,137  

Undistributed net investment income/ (Accumulated net investment loss) included in net assets at end of period

  $ 3,523     $ 1,001     $ 1,693     $ 1,502     $ (449,873   $  

Distributions in excess of net investment income included in net assets at end of period

  $     $     $     $     $     $ (16,472

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    100,002       2       100,002       2       450,004       4  

Shares created

          100,000             100,000       400,000       1,050,000  

Shares redeemed

                            (650,000     (600,000

Shares outstanding, end of period

    100,002       100,002       100,002       100,002       200,004       450,004  
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      129  


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

  

 

 

     WisdomTree Dynamic Long/Short U.S.
Equity Fund
 
     For the
Year Ended
June 30, 2017
    For the Period
December 23, 2015*
through
June 30, 2016
 

INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 580,995     $ 79,463  

Net realized gain on investments and swap contracts

    1,521,047       16,562  

Net change in unrealized appreciation on investments and swap contracts

    2,481,147       221,334  

Net increase in net assets resulting from operations

    4,583,189       317,359  

DIVIDENDS:

 

Net investment income

    (523,310     (56,252

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    42,572,631       18,363,769  

Cost of shares redeemed

    (11,193,537     (1,266,659

Net increase in net assets resulting from capital share transactions

    31,379,094       17,097,110  

Net Increase in Net Assets

    35,438,973       17,358,217  

NET ASSETS:

 

Beginning of period

  $ 17,358,317     $ 100  

End of period

  $ 52,797,290     $ 17,358,317  

Undistributed net investment income included in net assets at end of period

  $ 306,456     $ 236,356  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    650,004       4  

Shares created

    1,500,000       700,000  

Shares redeemed

    (400,000     (50,000

Shares outstanding, end of period

    1,750,004       650,004  
* Commencement of operations.

 

See Notes to Financial Statements.

 

130   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Financial Highlights

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dynamic Currency Hedged Europe Equity Fund    For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 23.27      $ 24.25  

Investment operations:

 

Net investment income1

     0.47        0.70  

Net realized and unrealized gain (loss)

     6.08        (1.11

Total from investment operations

     6.55        (0.41

Dividends and distributions to shareholders:

 

Net investment income

     (0.44      (0.57

Capital gains

     (0.11       

Total dividends and distributions to shareholders

     (0.55      (0.57

Net asset value, end of period

   $ 29.27      $ 23.27  

TOTAL RETURN2

     28.55      (1.81 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 1,463      $ 4,655  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.43      0.43 %3 

Expenses, prior to expense waivers

     0.48      0.48 %3 

Net investment income

     1.86      6.02 %3 

Portfolio turnover rate4

     12      25

 

     
WisdomTree Dynamic Currency Hedged International Equity Fund    For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.26      $ 24.18  

Investment operations:

 

Net investment income1

     0.98        0.79  

Net realized and unrealized gain (loss)

     4.32        (0.35

Total from investment operations

     5.30        0.44  

Dividends and distributions to shareholders:

 

Net investment income

     (0.83      (0.36

Capital gains

     (0.46       

Total dividends and distributions to shareholders

     (1.29      (0.36

Net asset value, end of period

   $ 28.27      $ 24.26  

TOTAL RETURN2

     22.25      1.82

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 450,964      $ 243,806  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.35      0.35 %3 

Expenses, prior to expense waivers

     0.40      0.40 %3 

Net investment income

     3.67      6.79 %3 

Portfolio turnover rate4

     27      28
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      131  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund    For the Period
November 3, 2016*
through
June 30, 2017
 

Net asset value, beginning of period

   $ 19.63  

Investment operations:

 

Net investment income1

     0.32  

Net realized and unrealized gain

     3.52  

Total from investment operations

     3.84  

Dividends and distributions to shareholders:

  

Net investment income

     (0.15

Return of capital

     (0.01

Total dividends and distributions to shareholders

     (0.16

Net asset value, end of period

   $ 23.31  

TOTAL RETURN2

     19.61

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 2,331  

Ratios to average net assets3 of:

 

Expenses, net of expense waivers

     0.10 %4 

Expenses, prior to expense waivers

     0.58 %4 

Net investment income

     2.23 %4 

Portfolio turnover rate5

     4

 

     
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund    For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 23.87      $ 24.24  

Investment operations:

 

Net investment income1

     0.86        0.52  

Net realized and unrealized gain (loss)

     6.18        (0.41

Total from investment operations

     7.04        0.11  

Dividends to shareholders:

 

Net investment income

     (0.79      (0.48

Net asset value, end of period

   $ 30.12      $ 23.87  

TOTAL RETURN2

     29.80      0.36

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 3,012      $ 2,388  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.43      0.43 %4 

Expenses, prior to expense waivers

     0.48      0.48 %4 

Net investment income

     3.16      4.42 %4 

Portfolio turnover rate5

     75      50
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees , the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well.

 

See Notes to Financial Statements.

 

132   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dynamic Currency Hedged Japan Equity Fund    For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 22.25      $ 24.38  

Investment operations:

 

Net investment income1

     0.38        0.28  

Net realized and unrealized gain (loss)

     5.32        (2.22

Total from investment operations

     5.70        (1.94

Dividends to shareholders:

 

Net investment income

     (0.38      (0.19

Net asset value, end of period

   $ 27.57      $ 22.25  

TOTAL RETURN2

     25.70      (8.00 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 2,757      $ 4,449  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.43      0.43 %3 

Expenses, prior to expense waivers

     0.48      0.48 %3 

Net investment income

     1.51      2.50 %3 

Portfolio turnover rate4

     15      22

 

     
WisdomTree Emerging Markets Dividend Fund    For the
Year Ended
June 30, 2017
     For the Period
April 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 25.63      $ 24.53  

Investment operations:

 

Net investment income1

     0.96        0.36  

Net realized and unrealized gain

     3.96        0.87  

Total from investment operations

     4.92        1.23  

Dividends to shareholders:

 

Net investment income

     (0.84      (0.13

Net asset value, end of period

   $ 29.71      $ 25.63  

TOTAL RETURN2

     19.46      5.01

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 11,885      $ 2,563  

Ratios to average net assets of:

 

Expenses

     0.32      0.32 %3 

Net investment income

     3.38      6.14 %3 

Portfolio turnover rate4

     15      4
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Dynamic Currency Hedged Japan Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      133  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe Domestic Economy Fund    For the
Year Ended
June 30, 2017
     For the Period
October 29, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 20.86      $ 24.70  

Investment operations:

 

Net investment income1

     0.44        0.52  

Net realized and unrealized gain (loss)

     7.06        (3.87

Total from investment operations

     7.50        (3.35

Dividends to shareholders:

 

Net investment income

     (0.55      (0.49

Net asset value, end of period

   $ 27.81      $ 20.86  

TOTAL RETURN2

     36.05      (13.76 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 2,781      $ 3,128  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.48      0.48 %3 

Expenses, prior to expense waivers

     0.58      0.58 %3 

Net investment income

     1.85      3.32 %3 

Portfolio turnover rate4

     12      22

 

   
WisdomTree Global ex-Mexico Equity Fund    For the Period
February 10, 2017*
through
June 30, 2017
 

Net asset value, beginning of period

   $ 25.22  

Investment operations:

 

Net investment income1

     0.21  

Net realized and unrealized gain

     1.50  

Total from investment operations

     1.71  

Dividends to shareholders:

  

Net investment income

     (0.07

Net asset value, end of period

   $ 26.86  

TOTAL RETURN2

     6.79

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 51,042  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.30 %3 

Expenses, prior to expense waivers

     0.35 %3 

Net investment income

     2.15 %3 

Portfolio turnover rate4

     2
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well.

 

See Notes to Financial Statements.

 

134   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global Hedged SmallCap Dividend Fund    For the
Year Ended
June 30, 2017
     For the Period
November 19, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 20.71      $ 20.23  

Investment operations:

 

Net investment income1

     0.69        0.39  

Net realized and unrealized gain

     3.79        0.45  

Total from investment operations

     4.48        0.84  

Dividends to shareholders:

 

Net investment income

     (0.72      (0.36

Net asset value, end of period

   $ 24.47      $ 20.71  

TOTAL RETURN2

     21.89      4.20

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 24,473      $ 35,202  

Ratios to average net assets3 of:

 

Expenses, net of expense waivers

     0.00 %4       0.00 %4,5 

Expenses, prior to expense waivers

     0.43      0.43 %5 

Net investment income

     2.97      3.23 %5 

Portfolio turnover rate6

     3      3

 

     
WisdomTree Global SmallCap Dividend Fund    For the
Year Ended
June 30, 2017
     For the Period
November 12, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 26.23      $ 24.58  

Investment operations:

 

Net investment income1

     0.80        0.61  

Net realized and unrealized gain

     4.53        1.52  

Total from investment operations

     5.33        2.13  

Dividends to shareholders:

 

Net investment income

     (0.94      (0.48

Net asset value, end of period

   $ 30.62      $ 26.23  

TOTAL RETURN2

     20.56      8.71

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 27,561      $ 36,716  

Ratios to average net assets of:

 

Expenses

     0.43      0.43 %5 

Net investment income

     2.76      3.88 %5 

Portfolio turnover rate6

     33      8
* Commencement of operations.

 

1

Based on average shares outstanding.

 

2

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Global Hedged SmallCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Amount represents less than 0.005%.

 

5

Annualized.

 

6

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      135  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Strong Dollar Emerging Markets Equity Fund    For the
Year Ended
June 30, 2017
     For the Period
October 29, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 23.85      $ 24.58  

Investment operations:

 

Net investment income1

     0.38        0.12  

Net realized and unrealized gain (loss)

     4.00        (0.83

Total from investment operations

     4.38        (0.71

Dividends to shareholders:

 

Net investment income

     (0.34      (0.02

Net asset value, end of period

   $ 27.89      $ 23.85  

TOTAL RETURN2

     18.52      (2.88 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 5,578      $ 7,156  

Ratios to average net assets of:

 

Expenses

     0.58 %3,4       0.58 %5 

Net investment income

     1.51      0.78 %5 

Portfolio turnover rate6

     51      74

 

     
WisdomTree U.S. Domestic Economy Fund    For the
Year Ended
June 30, 2017
     For the Period
July 21, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 25.79      $ 24.85  

Investment operations:

 

Net investment income1

     0.44        0.43  

Net realized and unrealized gain

     2.71        0.94  

Total from investment operations

     3.15        1.37  

Dividends to shareholders:

 

Net investment income

     (0.48      (0.43

Net asset value, end of period

   $ 28.46      $ 25.79  

TOTAL RETURN2

     12.34      5.62

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 2,134      $ 1,289  

Ratios to average net assets of:

 

Expenses

     0.33      0.33 %5 

Net investment income

     1.61      1.89 %5 

Portfolio turnover rate6

     40      23
* 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 Strong Dollar Emerging Markets Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Annualized.

 

6

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well.

 

See Notes to Financial Statements.

 

136   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Export and Multinational Fund    For the
Year Ended
June 30, 2017
     For the Period
July 21, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.23      $ 24.88  

Investment operations:

 

Net investment income1

     0.39        0.36  

Net realized and unrealized gain (loss)

     5.04        (0.63

Total from investment operations

     5.43        (0.27

Dividends to shareholders:

 

Net investment income

     (0.48      (0.38

Net asset value, end of period

   $ 29.18      $ 24.23  

TOTAL RETURN2

     22.55      (1.03 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 730      $ 1,211  

Ratios to average net assets of:

 

Expenses

     0.33      0.33 %3 

Net investment income

     1.47      1.61 %3 

Portfolio turnover rate4

     57      21

 

     
WisdomTree Fundamental U.S. Corporate Bond Fund    For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.69      $ 49.96  

Investment operations:

 

Net investment income1

     1.36        0.22  

Net realized and unrealized gain (loss)

     (0.63      0.72  

Total from investment operations

     0.73        0.94  

Dividends and distributions to shareholders:

 

Net investment income

     (1.30      (0.21

Capital gains

     (0.24       

Total dividends and distributions to shareholders

     (1.54      (0.21

Net asset value, end of period

   $ 49.88      $ 50.69  

TOTAL RETURN2

     1.52      1.89

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 4,988      $ 5,069  

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.18      0.18 %3 

Expenses, prior to expense waivers

     0.28      0.28 %3 

Net investment income

     2.74      2.50 %3 

Portfolio turnover rate4

     45      3
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Fundamental U.S. Corporate Bond Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      137  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund    For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.41      $ 50.19  

Investment operations:

 

Net investment income1

     2.80        0.47  

Net realized and unrealized gain

     2.24        0.20  

Total from investment operations

     5.04        0.67  

Dividends and distributions to shareholders:

 

Net investment income

     (2.79      (0.45

Capital gains

     (0.37       

Total dividends and distributions to shareholders

     (3.16      (0.45

Net asset value, end of period

   $ 52.29      $ 50.41  

TOTAL RETURN2

     10.23      1.34

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 5,229      $ 5,041  

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.38      0.38 %3 

Expenses, prior to expense waivers

     0.48      0.48 %3 

Net investment income

     5.38      5.31 %3 

Portfolio turnover rate4

     51      0

 

     
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund    For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.20      $ 49.98  

Investment operations:

 

Net investment income1

     0.79        0.12  

Net realized and unrealized gain (loss)

     (0.28      0.21  

Total from investment operations

     0.51        0.33  

Dividends to shareholders:

 

Net investment income

     (0.77      (0.11

Net asset value, end of period

   $ 49.94      $ 50.20  

TOTAL RETURN2

     1.02      0.66

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 4,994      $ 5,020  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.18      0.18 %3 

Expenses, prior to expense waivers

     0.28      0.28 %3 

Net investment income

     1.58      1.35 %3 

Portfolio turnover rate4

     38      14
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well.

 

See Notes to Financial Statements.

 

138   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund    For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.32      $ 49.95  

Investment operations:

 

Net investment income1

     2.43        0.51  

Net realized and unrealized gain

     1.60        0.35  

Total from investment operations

     4.03        0.86  

Dividends and distributions to shareholders:

 

Net investment income

     (2.42      (0.49

Capital gains

     (0.54       

Total dividends and distributions to shareholders

     (2.96      (0.49

Net asset value, end of period

   $ 51.39      $ 50.32  

TOTAL RETURN2

     8.19      1.73

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 5,139      $ 5,032  

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.38      0.38 %3 

Expenses, prior to expense waivers

     0.48      0.48 %3 

Net investment income

     4.72      5.66 %3 

Portfolio turnover rate4

     69      0

 

     
WisdomTree Dynamic Bearish U.S. Equity Fund    For the
Year Ended
June 30, 2017
     For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.28      $ 24.30  

Investment operations:

 

Net investment income1

     0.47        0.08  

Net realized and unrealized gain (loss)

     0.97        (0.06

Total from investment operations

     1.44        0.02  

Distributions to shareholders:

 

Return of capital

            (0.04

Net asset value, end of period

   $ 25.72      $ 24.28  

TOTAL RETURN2

     5.93      0.06

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 5,144      $ 10,927  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.48      0.48 %3 

Expenses, prior to expense waivers

     0.53      0.53 %3 

Net investment income

     1.90      0.60 %3 

Portfolio turnover rate4

     153      4
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result 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 as well.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2017      139  


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dynamic Long/Short U.S. Equity Fund    For the
Year Ended
June 30, 2017
     For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 26.70      $ 25.13  

Investment operations:

 

Net investment income1

     0.55        0.24  

Net realized and unrealized gain

     3.47        1.49  

Total from investment operations

     4.02        1.73  

Dividends to shareholders:

 

Net investment income

     (0.55      (0.16

Net asset value, end of period

   $ 30.17      $ 26.70  

TOTAL RETURN2

     15.25      6.88

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 52,797      $ 17,358  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.48      0.48 %3 

Expenses, prior to expense waivers

     0.53      0.53 %3 

Net investment income

     1.95      1.80 %3 

Portfolio turnover rate4

     126      70
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well.

 

See Notes to Financial Statements.

 

140   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of June 30, 2017, the Trust consisted of 89 operational investment funds (each a “Fund”, collectively, the “Funds”). In accordance with Accounting Standards Update (“ASU”) 2013-08, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies. These notes relate only to the Funds listed in the table below:

 

Fund   Commencement
of Operations
 

WisdomTree Dynamic Currency Hedged Europe Equity Fund (“Dynamic Currency Hedged Europe Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    January 7, 2016  

WisdomTree Dynamic Currency Hedged International Equity Fund (“Dynamic Currency Hedged International Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    January 7, 2016  

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (“Dynamic Currency Hedged International Quality Dividend Growth Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    November 3, 2016  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (“Dynamic Currency Hedged International SmallCap Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    January 7, 2016  

WisdomTree Dynamic Currency Hedged Japan Equity Fund (“Dynamic Currency Hedged Japan Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    January 7, 2016  

WisdomTree Emerging Markets Dividend Fund (“Emerging Markets Dividend Fund”)

    April 7, 2016  

WisdomTree Europe Domestic Economy Fund (“Europe Domestic Economy Fund”) (formerly, WisdomTree Europe Local Recovery Fund)

    October 29, 2015  

WisdomTree Global ex-Mexico Equity Fund (“Global ex-Mexico Equity Fund”)

    February 10, 2017  

WisdomTree Global Hedged SmallCap Dividend Fund (“Global Hedged SmallCap Dividend Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    November 19, 2015  

WisdomTree Global SmallCap Dividend Fund (“Global SmallCap Dividend Fund”)

    November 12, 2015  

WisdomTree Strong Dollar Emerging Markets Equity Fund (“Strong Dollar Emerging Markets Equity Fund”)

    October 29, 2015  

WisdomTree U.S. Domestic Economy Fund (“U.S. Domestic Economy Fund”) (formerly, WisdomTree Strong Dollar U.S. Equity Fund)

    July 21, 2015  

WisdomTree U.S. Export and Multinational Fund (“U.S. Export and Multinational Fund”) (formerly, WisdomTree Weak Dollar U.S. Equity Fund)

    July 21, 2015  

WisdomTree Fundamental U.S. Corporate Bond Fund (“Fundamental U.S. Corporate Bond Fund”)

    April 27, 2016  

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (“Fundamental U.S. High Yield Corporate Bond Fund”)

    April 27, 2016  

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (“Fundamental U.S. Short-Term Corporate Bond Fund”)

    April 27, 2016  

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (“Fundamental U.S. Short-Term High Yield Corporate Bond Fund”)

    April 27, 2016  

WisdomTree Dynamic Bearish U.S. Equity Fund (“Dynamic Bearish U.S. Equity Fund”)

    December 23, 2015  

WisdomTree Dynamic Long/Short U.S. Equity Fund (“Dynamic Long/Short U.S. Equity Fund”)

    December 23, 2015  

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

 

WisdomTree Trust Annual Report June 30, 2017      141  


Table of Contents

Notes to Financial Statements (continued)

 

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. U.S. fixed income assets may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time, except, foreign currency contracts on Asian currencies for Global Hedged SmallCap Dividend Fund are valued using WM/Reuters closing spot and forward rates as of 2:00 p.m. Singapore time. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade. Swap and swaption contracts are generally marked to market daily based upon values from independent pricing service providers or quotations from broker-dealers to the extent available.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants 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.

 

142   WisdomTree Trust Annual Report June 30, 2017


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 or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or prices obtained from independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of the methodologies used to value Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

The following is a summary of the fair valuations according to the inputs used as of June 30, 2017 in valuing each Fund’s assets:

 

Dynamic Currency Hedged Europe Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,461,617      $      $  

Rights

     458                

Investment of Cash Collateral for Securities Loaned

            15,009         

Total

   $ 1,462,075      $ 15,009      $  

Unrealized Appreciation on Foreign Currency Contracts

            3         

Unrealized Depreciation on Foreign Currency Contracts

            (6,197       

Total – Net

   $ 1,462,075      $ 8,815      $  

 

Dynamic Currency Hedged International Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 449,885,087      $      $  

Rights

                          

New Zealand

            578         

Spain

     34,124                

Investment of Cash Collateral for Securities Loaned

            2,333,800         

Total

   $ 449,919,211      $ 2,334,378      $  

Unrealized Appreciation on Foreign Currency Contracts

            1,333,365         

Unrealized Depreciation on Foreign Currency Contracts

            (2,179,040       

Total – Net

   $ 449,919,211      $ 1,488,703      $  

 

WisdomTree Trust Annual Report June 30, 2017      143  


Table of Contents

Notes to Financial Statements (continued)

 

 

Dynamic Currency Hedged International Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Exchange-Traded Fund

   $ 2,329,087      $      $  

Total

   $ 2,329,087      $      $  

Unrealized Appreciation on Foreign Currency Contracts

            3,570         

Unrealized Depreciation on Foreign Currency Contracts

            (10,533       

Total – Net

   $ 2,329,087      $ (6,963    $  

 

Dynamic Currency Hedged International SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Australia

   $ 394,804      $      $ 96 ** 

Other*

     2,615,556                

Rights

                          

Australia

     210        26         

New Zealand

            19         

Investment of Cash Collateral for Securities Loaned

            70,484         

Total

   $ 3,010,570      $ 70,529      $ 96  

Unrealized Appreciation on Foreign Currency Contracts

            9,822         

Unrealized Depreciation on Foreign Currency Contracts

            (16,537       

Total – Net

   $ 3,010,570      $ 63,814      $ 96  

 

Dynamic Currency Hedged Japan Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,747,043      $      $  

Investment of Cash Collateral for Securities Loaned

            7,961         

Total

   $ 2,747,043      $ 7,961      $  

Unrealized Appreciation on Foreign Currency Contracts

            38,836         

Unrealized Depreciation on Foreign Currency Contracts

            (70       

Total – Net

   $ 2,747,043      $ 46,727      $  

 

Emerging Markets Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 2,566,772      $      $ 14,901 ** 

Malaysia

     521,459               11,700 ** 

Other*

     8,660,702                

Investment of Cash Collateral for Securities Loaned

            65,112         

Total

   $ 11,748,933      $ 65,112      $ 26,601  

 

Europe Domestic Economy Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Italy

   $ 460,298      $      $ 2,305 ** 

Other*

     2,313,582                

Rights

     557                

Investment of Cash Collateral for Securities Loaned

            27,023         

Total

   $ 2,774,437      $ 27,023      $ 2,305  

 

144   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Notes to Financial Statements (continued)

 

 

Global ex-Mexico Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 50,888,057      $      $  

Rights

     81                

Investment of Cash Collateral for Securities Loaned

            121,995         

Total

   $ 50,888,138      $ 121,995      $  

Unrealized Appreciation on Foreign Currency Contracts

            1         

Unrealized Depreciation on Foreign Currency Contracts

            (20       

Total – Net

   $ 50,888,138      $ 121,976      $  

 

Global Hedged SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Exchange-Traded Fund

   $ 24,468,302      $      $  

Investment of Cash Collateral for Securities Loaned

            1,086,750         

Total

   $ 24,468,302      $ 1,086,750      $  

Unrealized Appreciation on Foreign Currency Contracts

            73,124         

Unrealized Depreciation on Foreign Currency Contracts

            (125,011       

Total – Net

   $ 24,468,302      $ 1,034,863      $  

 

Global SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Malaysia

   $ 147,852      $      $ 18,730 ** 

Other*

     27,291,145                

Rights

            140         

Exchange-Traded Note

     31,039                

Investment of Cash Collateral for Securities Loaned

            1,394,805         

Total

   $ 27,470,036      $ 1,394,945      $ 18,730  

Unrealized Depreciation on Foreign Currency Contracts

            (8       

Total – Net

   $ 27,470,036      $ 1,394,937      $ 18,730  

 

Strong Dollar Emerging Markets Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

India

   $ 1,141,898      $      $ 43,597 ** 

Taiwan

     1,808,716               2,844 ** 

Other*

     2,565,270                

Investment of Cash Collateral for Securities Loaned

            93,741         

Total

   $ 5,515,884      $ 93,741      $ 46,441  

 

U.S. Domestic Economy Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,131,692      $      $  

Investment of Cash Collateral for Securities Loaned

            9,621         

Total

   $ 2,131,692      $ 9,621      $  

 

U.S. Export and Multinational Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 728,525      $ —        $ —    

Total

   $ 728,525      $ —        $ —    

 

WisdomTree Trust Annual Report June 30, 2017      145  


Table of Contents

Notes to Financial Statements (continued)

 

 

Fundamental U.S. Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $      $ 4,910,653      $  

U.S. Government Obligations

            9,955         

Total

   $      $ 4,920,608      $  

 

Fundamental U.S. High Yield Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $      $ 5,107,585      $  

Total

   $      $ 5,107,585      $  

 

Fundamental U.S. Short-Term Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $      $ 4,929,683      $  

Total

   $      $ 4,929,683      $  

 

Fundamental U.S. Short-Term High Yield Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $      $ 4,807,749      $  

Total

   $      $ 4,807,749      $  

 

Dynamic Bearish U.S. Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 5,098,558      $      $  

Investment of Cash Collateral for Securities Loaned

            226,270         

Total

   $ 5,098,558      $ 226,270      $  

Unrealized Appreciation on Swap Contracts

            30,764         

Total – Net

   $ 5,098,558      $ 257,034      $  

 

Dynamic Long/Short U.S. Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 52,516,437      $      $  

Investment of Cash Collateral for Securities Loaned

            2,399,393         

Total

   $ 52,516,437      $ 2,399,393      $  

Unrealized Appreciation on Swap Contracts

            150,706         

Unrealized Depreciation on Swap Contracts

            (1,206       

Total – Net

   $ 52,516,437      $ 2,548,893      $  
  * Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

 

  ** Security is being fair valued by the Pricing Committee.

The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

During the fiscal year ended June 30, 2017, Dynamic Currency Hedged International SmallCap Equity Fund transferred securities with a fair value of $957 from Level 2 to Level 1 primarily due to the availability of a quoted price in an active market for identical investments.

During the fiscal year or period ended June 30, 2017, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts, futures contracts and swap contracts during the fiscal year or period ended June 30, 2017 and open positions in such derivatives as of June 30, 2017 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the security or where the counterparty to a derivative contract might default on its obligations. The Funds’ derivative agreements also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at June 30, 2017 that triggered a contingent feature, the counterparty to the agreement may require the

 

146   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Notes to Financial Statements (continued)

 

Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on page 152. At June 30, 2017, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

As of June 30, 2017, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

Fund

   Asset Derivatives      Liability Derivatives  
   Balance Sheet Location    Value      Balance Sheet Location    Value  

Dynamic Currency Hedged Europe Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $ 3      Unrealized depreciation on foreign currency contracts    $ 6,197  

Dynamic Currency Hedged International Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      1,333,365      Unrealized depreciation on foreign currency contracts      2,179,040  

Dynamic Currency Hedged International Quality Dividend Growth Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      3,570      Unrealized depreciation on foreign currency contracts      10,533  

Dynamic Currency Hedged International SmallCap Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      9,822      Unrealized depreciation on foreign currency contracts      16,537  

Dynamic Currency Hedged Japan Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      38,836      Unrealized depreciation on foreign currency contracts      70  

Global ex-Mexico Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      1      Unrealized depreciation on foreign currency contracts      20  

Global Hedged SmallCap Dividend Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      73,124      Unrealized depreciation on foreign currency contracts      125,011  

Global SmallCap Dividend Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts           Unrealized depreciation on foreign currency contracts      8  

Dynamic Bearish U.S. Equity Fund

        

Equity contracts

   Unrealized appreciation on swap contracts      30,764      Unrealized depreciation on swap contracts       

Dynamic Long/Short U.S. Equity Fund

        

Equity contracts

   Unrealized appreciation on swap contracts      150,706      Unrealized depreciation on swap contracts      1,206  

For the fiscal year or period ended June 30, 2017, the effects of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

Fund    Amount of Realized Gain
or (Loss) on  Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation)  on
Derivatives Recognized2
 

Dynamic Currency Hedged Europe Equity Fund

     

Foreign exchange contracts

   $ 178,763      $ (12,992

Dynamic Currency Hedged International Equity Fund

     

Foreign exchange contracts

     2,755,527        (2,602,406

Dynamic Currency Hedged International Quality Dividend Growth Fund3

     

Foreign exchange contracts

     (19,668      (6,963

Dynamic Currency Hedged International SmallCap Equity Fund

     

Foreign exchange contracts

     41,056        (1,755

Dynamic Currency Hedged Japan Equity Fund

     

Foreign exchange contracts

     (20,122      227,262  

 

WisdomTree Trust Annual Report June 30, 2017      147  


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Amount of Realized Gain
or (Loss) on  Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation)  on
Derivatives Recognized2
 

Emerging Markets Dividend Fund

     

Foreign exchange contracts

   $ (13,356    $ 10  

Europe Domestic Economy Fund

     

Foreign exchange contracts

     25         

Global ex-Mexico Equity Fund4

     

Foreign exchange contracts

     (13,127      (19

Global Hedged SmallCap Dividend Fund

     

Foreign exchange contracts

     (104,853      306,625  

Global SmallCap Dividend Fund

     

Foreign exchange contracts

     (13,299      212  

Equity contracts

     (15,303       

Strong Dollar Emerging Markets Equity Fund

     

Foreign exchange contracts

     (12,486       

Dynamic Bearish U.S. Equity Fund

     

Equity contracts

     (982,033      14,292  

Dynamic Long/Short U.S. Equity Fund

     

Equity contracts

     (1,032,263      149,500  
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts and foreign currency related transactions

Equity contracts

   Net realized gain (loss) from futures contracts and swap contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net change in unrealized appreciation (depreciation) from foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

Equity contracts

   Net change in unrealized appreciation (depreciation) from swap contracts
  3 

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

 

  4 

For the period February 10, 2017 (commencement of operations) through June 30, 2017.

During the fiscal year or period ended June 30, 2017, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:

 

      Average Notional  
Fund    Foreign currency
contracts
(to deliver)
     Foreign currency
contracts
(to receive)
     Swap
contracts
(short)
     Futures
contracts
(long)
 

Dynamic Currency Hedged Europe Equity Fund

           

Foreign exchange contracts

   $ 2,684,282      $ 5,210,753      $      $  

Dynamic Currency Hedged International Equity Fund

           

Foreign exchange contracts

     210,075,841        413,939,468                

Dynamic Currency Hedged International Quality Dividend Growth Fund1

           

Foreign exchange contracts

     1,468,681        2,889,737                

Dynamic Currency Hedged International SmallCap Equity Fund

           

Foreign exchange contracts

     1,134,928        2,212,446                

Dynamic Currency Hedged Japan Equity Fund

           

Foreign exchange contracts

     2,953,832        5,902,384                

Emerging Markets Dividend Fund2

           

Foreign exchange contracts

     324,427        60,118                

Europe Domestic Economy Fund

           

Foreign exchange contracts

            2,223                

Global ex-Mexico Equity Fund2,3

           

Foreign exchange contracts

     536,223        4,248                

Global Hedged SmallCap Dividend Fund

           

Foreign exchange contracts

     12,415,511        24,242,833                

 

148   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Notes to Financial Statements (continued)

 

      Average Notional  
Fund    Foreign currency
contracts
(to deliver)
     Foreign currency
contracts
(to receive)
     Swap
contracts
(short)
     Futures
contracts
(long)
 

Global SmallCap Dividend Fund

           

Equity contracts2

   $      $      $      $ 622,040  

Foreign exchange contracts

     15,929        65,788                

Strong Dollar Emerging Markets Equity Fund2

           

Foreign exchange contracts

     258,908        454,404                

Dynamic Bearish U.S. Equity Fund

           

Equity contracts

                   4,204,893         

Dynamic Long/Short U.S. Equity Fund

           

Equity contracts

                   3,984,614         
  1 

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

 

  2 

The volume of derivative activity for the period is based on intra-month balances.

 

  3 

For the period February 10, 2017 (commencement of operations) through June 30, 2017.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date. Foreign dividend income, net of any foreign taxes withheld, is recorded on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Interest income including amortization of premiums and discounts, 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 change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statements of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from foreign currency contracts and translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the Currency Hedged Equity Funds, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

 

WisdomTree Trust Annual Report June 30, 2017      149  


Table of Contents

Notes to Financial Statements (continued)

 

Forward Foreign Currency Contracts — The Currency Hedged Equity Funds, except the Global Hedged SmallCap Dividend Fund, utilized forward foreign currency contracts (“Forward Contract”) to dynamically obtain either a net long or net short exposure to foreign currencies consistent with each Currency Hedged Equity Fund’s investment objective. The Global Hedged SmallCap Dividend Fund utilized Forward Contracts to obtain net short exposure to foreign currencies consistent with its investment objective. The Emerging Markets Dividend Fund, Europe Domestic Economy Fund, Global ex-Mexico Equity Fund, Global SmallCap Dividend Fund, and the Strong Dollar Emerging Markets Equity Fund utilized Forward Contracts to facilitate foreign security settlements. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net change in unrealized appreciation (depreciation) from foreign currency contracts and translation of assets and liabilities denominated in foreign currencies on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold and included in net realized gain (loss) from foreign currency contracts and foreign currency related transactions on the Statements of Operations.

Futures Contracts — The Global SmallCap Dividend Fund utilized equity futures contracts on a temporary basis during the period to obtain market exposure consistent with its investment objective during the Fund’s annual portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts payments may be made or received at settlement. Such variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.

Total Return Swap Contracts — The Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. Total return swap contracts are agreements between counterparties to exchange the return of a given underlying reference asset/index, including income and any appreciation/depreciation in value of the reference asset/index, in exchange for payments equal to a rate of interest on another reference asset. During the term of the outstanding swap agreement, changes in the underlying value of the swap are recorded as unrealized gains and losses and the periodic payments received or made on the swap are recorded as realized gains or losses. Swap agreements may be used to achieve exposure to, for example, currencies, interest rates, indexes and money market securities without actually purchasing such currencies or securities. A Fund may use swap agreements to invest in a market without owning or taking physical custody of the underlying securities in circumstances in which direct investment is restricted for legal reasons or is otherwise impractical. Swap agreements will tend to shift a Fund’s investment exposure from one type of investment to another or from one payment stream to another. Depending on their structure, swap agreements may increase or decrease a Fund’s exposure to long- or short-term interest rates (in the United States or abroad), foreign currencies, corporate borrowing rates, or other factors, and may increase or decrease the overall volatility of a Fund’s investments and its share price. Total return swaps are exposed to the market risk factor of the specific underlying reference asset/index such as unanticipated movements in the value of the exchange rates, interest rates, securities, or the reference asset/index. Additional risks to a Fund include the possibility that there is no liquid market for these agreements or that the swap counterparty may default on its obligation to perform. A Fund’s maximum loss from counterparty risk is the fair value of the contract.

 

150   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

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 high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

Master Netting Arrangements — ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

 

WisdomTree Trust Annual Report June 30, 2017      151  


Table of Contents

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 June 30, 2017, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     Assets     Liabilities  
   

Gross Amounts

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
   

Dynamic Currency Hedged Europe Equity Fund

               

Securities Lending

  $ 23,863     $     $ (23,863 )1    $     $     $     $     $  

Foreign Currency Contracts

    3       (1           2       6,197       (1           6,196  

Dynamic Currency Hedged International Equity Fund

               

Securities Lending

    4,009,909             (4,009,909 )1                               

Foreign Currency Contracts

    1,333,365       (562,331           771,034       2,179,040       (562,331           1,616,709  

Dynamic Currency Hedged International Quality Dividend Growth Fund

               

Foreign Currency Contracts

    3,570       (1,496           2,074       10,533       (1,496           9,037  

Dynamic Currency Hedged International SmallCap Equity Fund

               

Securities Lending

    80,353             (80,353 )1                               

Foreign Currency Contracts

    9,822       (6,401           3,421       16,537       (6,401           10,136  

Dynamic Currency Hedged Japan Equity Fund

               

Securities Lending

    7,586             (7,586 )1                               

Foreign Currency Contracts

    38,836       (27           38,809       70       (27           43  

Emerging Markets Dividend Fund

               

Securities Lending

    79,304             (79,304 )1                               

Europe Domestic Economy Fund

               

Securities Lending

    38,825             (38,825 )1                               

Global ex-Mexico Equity Fund

               

Securities Lending

    159,325             (159,325 )1                               

Foreign Currency Contracts

    1                   1       20                   20  

Global Hedged SmallCap Dividend Fund

               

Securities Lending

    1,060,530             (1,060,530 )1                               

Foreign Currency Contracts

    73,124       (36,785           36,339       125,011       (36,785           88,226  

Global SmallCap Dividend Fund

               

Securities Lending

    1,627,047             (1,627,047 )1                               

Foreign Currency Contracts

                            8                   8  

Strong Dollar Emerging Markets Equity Fund

               

Securities Lending

    148,669             (148,669 )1                               

U.S. Domestic Economy Fund

               

Securities Lending

    14,750             (14,750 )1                               

U.S. Export and Multinational Fund

               

Securities Lending

    874             (874 )1                               

Dynamic Bearish U.S. Equity Fund

               

Securities Lending

    254,918             (254,918 )1                               

Swap Contracts

    30,764                   30,764                          

Dynamic Long/Short U.S. Equity Fund

               

Securities Lending

    2,592,027             (2,592,027 )1                               

Swap Contracts

    150,706       (1,206           149,500       1,206       (1,206            
  1

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

 

152   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

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”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management Corporation (‘‘MCM’’) to provide sub-advisory services to the Funds, except for Fundamental U.S. Corporate Bond Fund, Fundamental U.S. High Yield Corporate Bond Fund, Fundamental U.S. Short-Term Corporate Bond Fund and Fundamental U.S. Short-Term High Yield Corporate Bond Fund which are sub-advised by Voya Investment Management Co., LLC (‘‘Voya IM’’). MCM and Voya IM are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for an annual fee, accrued daily and paid monthly in arrears, of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

Fund   

Advisory

Fee Rate

(before fee waiver)

     Advisory Fee
Waiver1
   

Advisory Fee Waiver

Expiration Date

 

Dynamic Currency Hedged Europe Equity Fund

     0.48      (0.05 )%      October 31, 2017  

Dynamic Currency Hedged International Equity Fund

     0.40      (0.05 )%      October 31, 2017  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     0.58      (0.48 )%2      October 31, 2017  

Dynamic Currency Hedged International SmallCap Equity Fund

     0.48      (0.05 )%      October 31, 2017  

Dynamic Currency Hedged Japan Equity Fund

     0.48      (0.05 )%      October 31, 2017  

Emerging Markets Dividend Fund

     0.32             

Europe Domestic Economy Fund

     0.58      (0.10 )%      October 31, 2017  

Global ex-Mexico Equity Fund

     0.35      (0.05 )%      February 2, 2020  

Global Hedged SmallCap Dividend Fund

     0.43      (0.43 )%3      July 31, 2018  

Global SmallCap Dividend Fund

     0.43             

Strong Dollar Emerging Markets Equity Fund

     0.58      (0.26 )%4      July 31, 2018  

U.S. Domestic Economy Fund

     0.33             

 

WisdomTree Trust Annual Report June 30, 2017      153  


Table of Contents

Notes to Financial Statements (continued)

 

Fund   

Advisory

Fee Rate

(before fee waiver)

     Advisory Fee
Waiver1
    

Advisory Fee Waiver

Expiration Date

 

U.S. Export and Multinational Fund

     0.33              

Fundamental U.S. Corporate Bond Fund

     0.28      (0.10 )%       October 31, 2017  

Fundamental U.S. High Yield Corporate Bond Fund

     0.48      (0.10 )%       October 31, 2017  

Fundamental U.S. Short-Term Corporate Bond Fund

     0.28      (0.10 )%       October 31, 2017  

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

     0.48      (0.10 )%       October 31, 2017  

Dynamic Bearish U.S. Equity Fund

     0.53      (0.05 )%       October 31, 2017  

Dynamic Long/Short U.S. Equity Fund

     0.53      (0.05 )%       October 31, 2017  
  1 

WTAM has contractually agreed to waive a portion of its advisory fee by the waiver amount listed per annum based on the average daily net assets through the expiration date listed, unless earlier terminated by the Board of Trustees of the Trust for any reason. The dollar amount of contractual fee waivers are included in “Expense waivers” on the Statements of Operations.

 

  2 

WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund (currently, approximately 0.38% per annum), as well as an additional 0.10% per annum.

 

  3 

WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund (currently, approximately 0.43% per annum).

 

  4 

Effective June 30, 2017.

Each Fund may purchase shares of affiliated ETFs in secondary market transactions to reduce cash balances. For these transactions, WTAM waives its advisory fees for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are shown in the Statements of Operations.

Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year or period ended June 30, 2017 are as follows:

 

Fund    Value at
6/30/2016
     Purchases/
Additions
     Sales/
Reductions
     Value at
6/30/2017
     Dividend
Income
 

Dynamic Currency Hedged International Quality Dividend Growth Fund1

              

WisdomTree International Quality Dividend Growth Fund

   $      $ 2,079,371      $ 100,888      $ 2,329,087      $ 33,123  

Global Hedged SmallCap Dividend Fund

              

WisdomTree Global SmallCap Dividend Fund

   $ 35,194,942      $ 2,990,522      $ 18,009,232      $ 24,468,302      $ 721,188  
  1

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

During the fiscal year ended June 30, 2017, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended June 30, 2017, 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
 

Dynamic Currency Hedged Europe Equity Fund

   $ 35,929      $ 54,999      $ (4,233

Dynamic Currency Hedged International Equity Fund

     15,702,564        11,509,557        (1,096,454

Dynamic Currency Hedged International SmallCap Equity Fund

     228,976        270,543        (12,587

Dynamic Currency Hedged Japan Equity Fund

     53,125        80,476        (1,888

Europe Domestic Economy Fund

     98,106        118,168        (800

WTAM or its affiliates may from time to time own shares of a Fund. As of June 30, 2017, WTAM held shares of the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

 

Fund    Fund Shares
held by WTAM
     Market Value
of Fund Shares
held by WTAM
     Dividends paid
to WTAM on
Fund Shares
held by  WTAM
 

Dynamic Currency Hedged International Equity Fund

     884      $ 25,150      $ 665  

Dynamic Currency Hedged International SmallCap Equity Fund*

                   7  

Emerging Markets Dividend Fund

     345        10,347        90  

Fundamental U.S. Corporate Bond Fund

     167        8,298        50  

 

154   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Fund Shares
held by WTAM
     Market Value
of Fund Shares
held by WTAM
     Dividends paid
to WTAM on
Fund Shares
held by  WTAM
 

Fundamental U.S. Short-Term High Yield Corporate Bond Fund*

          $      $ 283  

Dynamic Bearish U.S. Equity Fund

     82        2,110         

Dynamic Long/Short U.S. Equity Fund

     71        2,145        26  
  * No shares were held in this Fund by WTAM at the end of the period.

At June 30, 2017, approximately 88% of the Global SmallCap Dividend Fund’s outstanding shares was held by an affiliated fund.

4. CAPITAL SHARE TRANSACTIONS

As of June 30, 2017, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a portfolio of equity securities and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year or period ended June 30, 2017 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

                      In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Dynamic Currency Hedged Europe Equity Fund

   $ 542,134      $ 460,395      $      $ 3,979,160  

Dynamic Currency Hedged International Equity Fund

     89,489,089        90,157,900        183,507,291        25,888,540  

Dynamic Currency Hedged International Quality Dividend Growth Fund1

     86,363        100,888        1,993,008         

Dynamic Currency Hedged International SmallCap Equity Fund

     1,412,448        1,429,069        1,448,550        1,165,276  

Dynamic Currency Hedged Japan Equity Fund

     1,221,822        640,536               3,047,534  

Emerging Markets Dividend Fund

     4,527,632        987,574        4,899,822         

Europe Domestic Economy Fund

     369,110        359,936        1,358,762        2,553,405  

Global ex-Mexico Equity Fund2

     4,352,473        203,219        46,689,386         

Global Hedged SmallCap Dividend Fund

     797,565        636,039        2,192,957        17,373,193  

Global SmallCap Dividend Fund

     16,270,873        8,958,395        2,593,395        23,633,808  

Strong Dollar Emerging Markets Equity Fund

     4,264,198        6,647,673        393,209        786,838  

U.S. Domestic Economy Fund

     635,239        1,604,385        2,821,566        1,167,446  

U.S. Export and Multinational Fund

     704,313        1,614,448        1,411,720        1,204,077  

Fundamental U.S. Corporate Bond Fund

     2,208,860 3       2,193,146                

Fundamental U.S. High Yield Corporate Bond Fund

     2,575,616        2,562,810                

Fundamental U.S. Short-Term Corporate Bond Fund

     2,030,789        1,858,819                

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

     3,416,094        3,571,238                

Dynamic Bearish U.S. Equity Fund

     8,114,915        9,380,878        9,863,166        15,684,276  

Dynamic Long/Short U.S. Equity Fund

     38,548,350        39,643,236        42,456,566        10,999,483  
  1 

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

 

  2 

For the period February 10, 2017 (commencement of operations) through June 30, 2017.

 

  3 

Includes cost of purchases of U.S. Government securities in the amount of $9,864.

 

WisdomTree Trust Annual Report June 30, 2017      155  


Table of Contents

Notes to Financial Statements (continued)

 

6. FEDERAL INCOME TAXES

At June 30, 2017, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation/
(Depreciation)
 

Dynamic Currency Hedged Europe Equity Fund

   $ 1,260,595      $ 232,252      $ (15,763    $ 216,489  

Dynamic Currency Hedged International Equity Fund

     415,258,904        42,059,793        (5,065,108      36,994,685  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     1,987,219        341,868               341,868  

Dynamic Currency Hedged International SmallCap Equity Fund

     2,820,626        289,951        (29,382      260,569  

Dynamic Currency Hedged Japan Equity Fund

     2,490,223        314,933        (50,152      264,781  

Emerging Markets Dividend Fund

     10,938,289        1,072,456        (170,099      902,357  

Europe Domestic Economy Fund

     2,670,453        196,824        (63,512      133,312  

Global ex-Mexico Equity Fund

     50,933,986        574,821        (498,674      76,147  

Global Hedged SmallCap Dividend Fund

     19,828,112        5,726,940               5,726,940  

Global SmallCap Dividend Fund

     23,918,684        5,371,309        (406,282      4,965,027  

Strong Dollar Emerging Markets Equity Fund

     5,082,356        899,079        (325,369      573,710  

U.S. Domestic Economy Fund

     2,102,396        91,511        (52,594      38,917  

U.S. Export and Multinational Fund

     677,630        61,354        (10,459      50,895  

Fundamental U.S. Corporate Bond Fund

     4,933,067        30,738        (43,197      (12,459

Fundamental U.S. High Yield Corporate Bond Fund

     4,921,266        204,657        (18,338      186,319  

Fundamental U.S. Short-Term Corporate Bond Fund

     4,936,898        9,008        (16,223      (7,215

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

     4,732,150        89,372        (13,773      75,599  

Dynamic Bearish U.S. Equity Fund

     5,110,494        278,889        (64,555      214,334  

Dynamic Long/Short U.S. Equity Fund

     52,380,649        3,170,192        (635,011      2,535,181  

At June 30, 2017, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

Fund   Undistributed
Ordinary Income
    Undistributed
Capital and Other
Gains/(Losses)
    Net Unrealized
Appreciation/
(Depreciation)
    Currency and
Other  Unrealized
Appreciation/
(Depreciation)
    Total Accumulated
Earnings/(Losses)
 

Dynamic Currency Hedged Europe Equity Fund

  $     $     $ 216,489     $ 71     $ 216,560  

Dynamic Currency Hedged International Equity Fund

          (8,406,511     36,994,685       (11,926     28,576,248  

Dynamic Currency Hedged International Quality Dividend Growth Fund

                341,868       (459     341,409  

Dynamic Currency Hedged International SmallCap Equity Fund

    5,503       (32,481     260,569       (376     233,215  

Dynamic Currency Hedged Japan Equity Fund

    58,627       (179,226     264,781       16       144,198  

Emerging Markets Dividend Fund

    82,869       (23,301     902,357       (694     961,231  

Europe Domestic Economy Fund

    1,531       (90,687     133,312       24       44,180  

Global ex-Mexico Equity Fund

    47,184       (33,265     76,147       214       90,280  

Global Hedged SmallCap Dividend Fund

          (624,584     5,726,940       4,963       5,107,319  

Global SmallCap Dividend Fund

    92,797       (443,555     4,965,027       298       4,614,567  

Strong Dollar Emerging Markets Equity Fund

    83,220       263,566       573,710       (22     920,474  

U.S. Domestic Economy Fund

    6,908       (62,985     38,917             (17,160

U.S. Export and Multinational Fund

    458       (53,898     50,895             (2,545

Fundamental U.S. Corporate Bond Fund

    7,417       (6,017     (12,459           (11,059

Fundamental U.S. High Yield Corporate Bond Fund

    29,414       14,280       186,319             230,013  

Fundamental U.S. Short-Term Corporate Bond Fund

    3,523       (2,842     (7,215           (6,534

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

    34,157       29,181       75,599             138,937  

Dynamic Bearish U.S. Equity Fund

          (1,100,184     214,334             (885,850

Dynamic Long/Short U.S. Equity Fund

    455,957       (518,935     2,535,181       (1     2,472,202  

 

156   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Notes to Financial Statements (continued)

 

The tax character of distributions paid during the fiscal years or periods ended June 30, 2017 and June 30, 2016, was as follows:

 

    

Year or Periods Ended June 30, 2017

    Periods Ended June 30, 2016  
Fund   Distributions Paid
from Ordinary
Income*
    Distributions Paid
from Long-Term
Capital  Gains
    Distributions Paid
from Return of
Capital
    Distributions Paid
from Ordinary
Income*
    Distributions Paid
from Long-Term
Capital Gains
    Distributions Paid
from Return of
Capital
 

Dynamic Currency Hedged Europe Equity Fund

  $ 70,704     $ 22,778     $     $ 113,002 1    $     $  

Dynamic Currency Hedged International Equity Fund

    12,076,520       4,622,865             2,572,751 1             

Dynamic Currency Hedged International Quality Dividend Growth Fund2

    14,208             1,288                    

Dynamic Currency Hedged International SmallCap Equity Fund

    61,314                   47,502 1             

Dynamic Currency Hedged Japan Equity Fund

    71,748                   37,001 1             

Emerging Markets Dividend Fund

    164,213                   12,501 3             

Europe Domestic Economy Fund

    59,154                   73,190 4             

Global ex-Mexico Equity Fund5

    14,500                                

Global Hedged SmallCap Dividend Fund

    692,894                   459,192 6             

Global SmallCap Dividend Fund

    809,961                   511,968 7             

Strong Dollar Emerging Markets Equity Fund

    136,065                   2,068 4             

U.S. Domestic Economy Fund

    26,923                   24,832 8             

U.S. Export and Multinational Fund

    19,918                   21,554 8             

Fundamental U.S. Corporate Bond Fund

    154,730                   21,000 9             

Fundamental U.S. High Yield Corporate Bond Fund

    315,932                   45,001 9             

Fundamental U.S. Short-Term Corporate Bond Fund

    76,502                   11,000 9             

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

    296,659                   49,001 9             

Dynamic Bearish U.S. Equity Fund

                                  15,750 10 

Dynamic Long/Short U.S. Equity Fund

    523,310                   56,252 10             
  * Includes short-term capital gains if any.

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  2 

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

 

  3 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  4 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  5 

For the period February 10, 2017 (commencement of operations) through June 30, 2017.

 

  6 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  7 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  8 

For the period July 21, 2015 (commencement of operations) through June 30, 2016.

 

  9 

For the period April 27, 2016 (commencement of operations) through June 30, 2016.

 

  10 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

At June 30, 2017, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

Fund    Short-Term
Post-Effective
No Expiration
     Long-Term
Post-Effective
No Expiration
     Capital Loss
Available Total
 

Dynamic Currency Hedged Europe Equity Fund

   $      $      $  

Dynamic Currency Hedged International Equity Fund

                    

Dynamic Currency Hedged International Quality Dividend Growth Fund

                    

Dynamic Currency Hedged International SmallCap Equity Fund

     32,481               32,481  

Dynamic Currency Hedged Japan Equity Fund

     105,273        73,953        179,226  

Emerging Markets Dividend Fund

     15,181        281        15,462  

Europe Domestic Economy Fund

     50,872        39,815        90,687  

Global ex-Mexico Equity Fund

     30,341        2,924        33,265  

Global Hedged SmallCap Dividend Fund

     330,783        281,187        611,970  

 

WisdomTree Trust Annual Report June 30, 2017      157  


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Short-Term
Post-Effective
No Expiration
     Long-Term
Post-Effective
No Expiration
     Capital Loss
Available Total
 

Global SmallCap Dividend Fund

   $ 415,255      $ 28,300      $ 443,555  

Strong Dollar Emerging Markets Equity Fund

                    

U.S. Domestic Economy Fund

     28,389        34,596        62,985  

U.S. Export and Multinational Fund

     31,944        21,954        53,898  

Fundamental U.S. Corporate Bond Fund

                    

Fundamental U.S. High Yield Corporate Bond Fund

                    

Fundamental U.S. Short-Term Corporate Bond Fund

     2,667        175        2,842  

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

                    

Dynamic Bearish U.S. Equity Fund

     431,766               431,766  

Dynamic Long/Short U.S. Equity Fund

     100,934               100,934  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

During the fiscal year or period ended June 30, 2017, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

Fund    Late Year
Ordinary Loss
     Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital Losses
 

Dynamic Currency Hedged Europe Equity Fund

   $      $      $  

Dynamic Currency Hedged International Equity Fund

     889,776        2,507,616        5,009,119  

Dynamic Currency Hedged International Quality Dividend Growth Fund

                    

Dynamic Currency Hedged International SmallCap Equity Fund

                    

Dynamic Currency Hedged Japan Equity Fund

                    

Emerging Markets Dividend Fund

            3,060        4,779  

Europe Domestic Economy Fund

                    

Global ex-Mexico Equity Fund

                    

Global Hedged SmallCap Dividend Fund

     3,844        8,770         

Global SmallCap Dividend Fund

                    

Strong Dollar Emerging Markets Equity Fund

                    

U.S. Domestic Economy Fund

                    

U.S. Export and Multinational Fund

                    

Fundamental U.S. Corporate Bond Fund

            7,439        (1,422

Fundamental U.S. High Yield Corporate Bond Fund

                    

Fundamental U.S. Short-Term Corporate Bond Fund

                    

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

                    

Dynamic Bearish U.S. Equity Fund

     419,109        251,760        (2,451

Dynamic Long/Short U.S. Equity Fund

            515,525        (97,524

During the fiscal year or period ended June 30, 2017, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

Fund    Utilized
Capital Loss
Carryforward
 

Dynamic Currency Hedged Europe Equity Fund

   $ 22,180  

Dynamic Currency Hedged International Equity Fund

     2,440,517  

Dynamic Currency Hedged International Quality Dividend Growth Fund1

      

Dynamic Currency Hedged International SmallCap Equity Fund

     77,940  

Dynamic Currency Hedged Japan Equity Fund

     162,168  

Emerging Markets Dividend Fund

      

Europe Domestic Economy Fund

      

Global ex-Mexico Equity Fund2

      

Global Hedged SmallCap Dividend Fund

     332,307  

Global SmallCap Dividend Fund

      

Strong Dollar Emerging Markets Equity Fund

     57,576  

 

158   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Notes to Financial Statements (concluded)

 

Fund    Utilized
Capital Loss
Carryforward
 

U.S. Domestic Economy Fund

   $  

U.S. Export and Multinational Fund

      

Fundamental U.S. Corporate Bond Fund

     138  

Fundamental U.S. High Yield Corporate Bond Fund

      

Fundamental U.S. Short-Term Corporate Bond Fund

      

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

      

Dynamic Bearish U.S. Equity Fund

      

Dynamic Long/Short U.S. Equity Fund

     108,119  
  1 

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

 

  2 

For the period February 10, 2017 (commencement of operations) through June 30, 2017.

At June 30, 2017, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment
Income/(Loss)
     Accumulated
Net Realized
Gain/(Loss)
     Paid-in Capital  

Dynamic Currency Hedged Europe Equity Fund

   $ (33,410    $ (619,904    $ 653,314  

Dynamic Currency Hedged International Equity Fund

     (2,114,790      (4,947,580      7,062,370  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     (17,432      17,432         

Dynamic Currency Hedged International SmallCap Equity Fund

     (3,306      (83,239      86,545  

Dynamic Currency Hedged Japan Equity Fund

     53,191        (618,550      565,359  

Emerging Markets Dividend Fund

     8,980        (8,980       

Europe Domestic Economy Fund

     253        (216,169      215,916  

Global ex-Mexico Equity Fund

     3,401        (3,401       

Global Hedged SmallCap Dividend Fund

     (42,506      (3,285,816      3,328,322  

Global SmallCap Dividend Fund

     31,741        (4,922,256      4,890,515  

Strong Dollar Emerging Markets Equity Fund

     50,604        (466,587      415,983  

U.S. Domestic Economy Fund

     2,538        (208,257      205,719  

U.S. Export and Multinational Fund

            (198,015      198,015  

Fundamental U.S. Corporate Bond Fund

                    

Fundamental U.S. High Yield Corporate Bond Fund

                    

Fundamental U.S. Short-Term Corporate Bond Fund

                    

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

                    

Dynamic Bearish U.S. Equity Fund

     (527,055      (565,836      1,092,891  

Dynamic Long/Short U.S. Equity Fund

     12,415        (1,846,550      1,834,135  

These differences are primarily due to redemptions-in-kind, foreign currency gains and losses, distribution re-designations, non-deductible excise tax, passive foreign investment companies, swap contracts, utilization of earnings and profits distributed to shareholders on redemption of shares, partnership adjustments, and foreign capital gains tax.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year or period ended June 30, 2017, 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 two-year period ended June 30, 2017, remains subject to examination by taxing authorities.

7. RECENT ACCOUNTING PRONOUNCEMENT

In October 2016, the SEC adopted new rules and amended existing rules (together, the “final rules”) intended to modernize the reporting and disclosure of information provided by registered investment companies. In part, the final rules amend Regulation S-X and require standardized, enhanced disclosure about derivatives in investment company financial statements, as well as other provisions. The effective date of the Regulation S-X amendments is August 1, 2017 and will apply to funds with fiscal periods ending after August 1, 2017. WTAM has evaluated the impact that the adoption of the amendments to Regulation S-X will have on the Trust’s financial statements and related disclosures and has determined there is no material impact.

 

WisdomTree Trust Annual Report June 30, 2017      159  


Table of Contents

Report of Independent Registered Public Accounting Firm

 

The Board of Trustees and Shareholders of WisdomTree Trust:

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Dynamic Currency Hedged Europe Equity Fund, WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Domestic Economy Fund (formerly, WisdomTree Europe Local Recovery Fund), WisdomTree Global ex-Mexico Equity Fund, WisdomTree Global Hedged SmallCap Dividend Fund, WisdomTree Global SmallCap Dividend Fund, WisdomTree Strong Dollar Emerging Markets Equity Fund, WisdomTree U.S. Domestic Economy Fund (formerly, WisdomTree Strong Dollar U.S. Equity Fund), WisdomTree U.S. Export and Multinational Fund (formerly, WisdomTree Weak Dollar U.S. Equity Fund), WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund, WisdomTree Dynamic Bearish U.S. Equity Fund, and WisdomTree Dynamic Long/Short U.S. Equity Fund, nineteen of the investment funds included in the WisdomTree Trust (the “Trust”), as of June 30, 2017, and the related statements of operations, the statements of changes in net assets and the financial highlights for each of the periods presented therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, 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. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of June 30, 2017, by correspondence with the custodian and others, or by other appropriate auditing procedures where replies from others were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Dynamic Currency Hedged Europe Equity Fund, WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Domestic Economy Fund (formerly, WisdomTree Europe Local Recovery Fund), WisdomTree Global ex-Mexico Equity Fund, WisdomTree Global Hedged SmallCap Dividend Fund, WisdomTree Global SmallCap Dividend Fund, WisdomTree Strong Dollar Emerging Markets Equity Fund, WisdomTree U.S. Domestic Economy Fund (formerly, WisdomTree Strong Dollar U.S. Equity Fund), WisdomTree U.S. Export and Multinational Fund (formerly, WisdomTree Weak Dollar U.S. Equity Fund), WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund, WisdomTree Dynamic Bearish U.S. Equity Fund, and WisdomTree Dynamic Long/Short U.S. Equity Fund, nineteen of the investment funds included in the Trust, at June 30, 2017, the results of their operations, the changes in their net assets and the financial highlights for each of the periods presented therein, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

August 24, 2017

 

160   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Approval of Investment Advisory and Sub-Advisory Agreements (unaudited)

 

Approval of Investment Advisory and Sub-Advisory Agreements with respect to the WisdomTree Global ex-Mexico Equity Fund (the “Fund”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”), the Trustees (the “Trustees”), including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide the Fund with investment advisory services, and the Sub-Advisory Agreement (together with the Advisory Agreement, the “Agreements”), pursuant to which Mellon Capital Management Corporation (the “Sub-Adviser”) will coordinate the investment and reinvestment of the assets of the Fund.

In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM and Broadridge Financial Solutions, Inc., an independent provider of investment company data. The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services to be Provided to the Fund. The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the proposed role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to the Fund. The Board noted that the strategies represented by the Fund is unique, based on WTI’s intellectual property and are only available for use by the Fund through WTAM. The Board noted WTAM’s belief that shareholders will invest in the Fund on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Fund based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Fund, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to the Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Adviser and oversight of, and the provision of consultation to, the Sub-Adviser with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Fund’s portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Fund. The Board also considered research support available to, and management capabilities of, the Fund’s management personnel and that WTAM will provide oversight of day-to-day Fund operations, including fund accounting, tax matters, administration, compliance and legal assistance in meeting disclosure and regulatory requirements.

Based on review of this information and the other factors considered at the meeting, the Board concluded that the nature, extent and quality of services to be provided by WTAM and the Sub-Adviser under the Advisory Agreement and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the Agreements.

Comparative Analysis of the Fund’s Performance, Advisory Fees and Fund Expenses. As the Fund had not yet commenced operations, the Board was not able to review the Fund’s performance. The Board discussed with WTAM representatives the portfolio management team and the investment strategies to be employed in the management of the Fund’s assets. The Board noted the reputation and experience of WTAM and the Sub-Adviser.

The Board considered the fees to be paid to WTAM by the Fund. The Board examined the fee to be paid by the Fund in light of fees paid to other investment advisers by comparable funds and the method of computing the Fund’s fee. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by the Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fees will be paid by WTAM (out of its fees paid by the Fund) and not the Fund. The Board considered the meaningful differences in the services that WTAM will provide to the Fund as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk to be borne by WTAM that is associated with the Fund’s unitary fee structure, which includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund grows to a sufficient size. Based on this review, the Board concluded that the fees to be paid to WTAM and the Sub-Adviser supported the Board’s approval of the Agreements.

Analysis of Profitability and Economies of Scale. As the Fund had not yet commenced operations, WTAM representatives were not able to review the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-adviser, respectively. The Board also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements and their

 

WisdomTree Trust Annual Report June 30, 2017      161  


Table of Contents

Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) (concluded)

 

ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Fund had not yet commenced operations, economies of scale were not a factor, but, to the extent in the future it were determined that material economies of scale had not been shared with the Fund, the Board would seek to have those economies of scale shared with the Fund in connection with future renewals.

* * * * * *

In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of other funds advised by WTAM and the Sub-Adviser. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the Agreements.

 

162   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Trustees and Officers Information (unaudited)

 

The Board of Trustees is responsible for overseeing the management and affairs of the Funds and the Trust. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
  Other
Directorships
Held by Trustee

During the Past
5 Years
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).   89   Trustee,
Vericimetry
Funds (2011
to 2014);
Director,
Bennett
Group of
Funds (2011
to 2013);
Trustee, del
Rey Global
Investors
Funds (2011
to 2012).
Joel Goldberg#
(1945)
  Trustee, 2012- present   Retired. Previously, Attorney, Of Counsel at Stroock & Stroock & Lavan LLP (“Stroock”) from 2014-2017; Attorney, Partner at Stroock from 2010 to 2013; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010.   89   Director,
Better
Business
Bureau
(Metropolitan
New York,
Long Island
and the Mid-
Hudson
Region)
Toni Massaro†
(1955)
  Trustee, 2006- present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor at the Rogers College of Law since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.   89   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.   89   Associate
Alumnae of
Douglass
College,
Member of
Investment
Committee
Victor Ugolyn
(1947)
  Trustee, 2006- present; Chairman of the Board of Trustees, 2006-present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.   89   Member of the
Board of
Governors of
Naismith
Memorial
Basketball Hall
of Fame
(2001-2016)

 

* As of June 30, 2017.

 

^ Chair of the Audit Committee.

 

# Chair of the Contracts Review Committee.

 

Chair of the Governance, Nominating and Compliance Committee.

 

Chair of the Investment Committee.

 

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Table of Contents

Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
 

Other
Directorships
Held by Trustee

During the Past
5 Years

Jonathan Steinberg**
(1964)
  Trustee, 2005- present President, 2005- present   President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.   89   Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
David Castano**
(1971)
  Treasurer, 2013- present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011.   89   None
Terry Jane Feld**
(1960)
  Chief Compliance Officer, 2012- present  

Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life

Insurance Co., 2004 to 2007.

  89   None
Ryan Louvar**
(1972)
  Secretary and Chief Legal Officer, 2013- present   General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.   89   None
Sarah English**
(1977)
  Assistant Secretary, 2013- present   Investment Management Counsel, WisdomTree Asset Management, Inc. since 2010 (includes prior positions at WisdomTree Asset Management, Inc.); Attorney, NYFIX, Inc. from 2006 to 2009.   89   None

Clint Martin**

(1977)

  Assistant Treasurer, 2015-present   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.   89   None

 

* As of June 30, 2017.

 

** Elected by and serves at the pleasure of the Board.

 

164   WisdomTree Trust Annual Report June 30, 2017


Table of Contents

Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year or period ended June 30, 2017, 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 2018.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended June 30, 2017, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

Dynamic Currency Hedged Europe Equity Fund

   $ 70,704  

Dynamic Currency Hedged International Equity Fund

     11,183,004  

Dynamic Currency Hedged International Quality Dividend Growth Fund1

     14,208  

Dynamic Currency Hedged International SmallCap Equity Fund

     60,072  

Dynamic Currency Hedged Japan Equity Fund

     71,748  

Emerging Markets Dividend Fund

     159,390  

Europe Domestic Economy Fund

     59,154  

Global ex-Mexico Equity Fund2

     14,500  

Global Hedged SmallCap Dividend Fund

     567,635  

Global SmallCap Dividend Fund

     647,572  

Strong Dollar Emerging Markets Equity Fund

     67,694  

U.S. Domestic Economy Fund

     26,923  

U.S. Export and Multinational Fund

     19,918  

Fundamental U.S. Corporate Bond Fund

      

Fundamental U.S. High Yield Corporate Bond Fund

      

Fundamental U.S. Short-Term Corporate Bond Fund

      

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

      

Dynamic Bearish U.S. Equity Fund

      

Dynamic Long/Short U.S. Equity Fund

     523,310  
  1 

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

 

  2 

For the period February 10, 2017 (commencement of operations) through June 30, 2017.

The Funds designate the following amount of ordinary income distributions paid during the fiscal year or period ended June 30, 2017 from qualified short-term gains and qualified interest income:

 

Fund    Qualified Short-
Term Gains
     Qualified
Interest
Income
 

Dynamic Currency Hedged Europe Equity Fund

     0.00      0.00

Dynamic Currency Hedged International Equity Fund

     100.00      0.00

Dynamic Currency Hedged International Quality Dividend Growth Fund1

     0.00      0.00

Dynamic Currency Hedged International SmallCap Equity Fund

     0.00      0.00

Dynamic Currency Hedged Japan Equity Fund

     0.00      0.00

Emerging Markets Dividend Fund

     0.00      0.00

Europe Domestic Economy Fund

     0.00      0.00

Global ex-Mexico Equity Fund2

     0.00      0.00

Global Hedged SmallCap Dividend Fund

     0.00      0.00

Global SmallCap Dividend Fund

     0.00      0.00

Strong Dollar Emerging Markets Equity Fund

     0.00      0.00

U.S. Domestic Economy Fund

     0.00      0.00

U.S. Export and Multinational Fund

     0.00      0.00

Fundamental U.S. Corporate Bond Fund

     100.00      100.00

Fundamental U.S. High Yield Corporate Bond Fund

     100.00      100.00

Fundamental U.S. Short-Term Corporate Bond Fund

     0.00      100.00

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

     100.00      100.00

Dynamic Bearish U.S. Equity Fund

     0.00      0.00

Dynamic Long/Short U.S. Equity Fund

     0.00      0.00
  1 

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

 

  2 

For the period February 10, 2017 (commencement of operations) through June 30, 2017.

 

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Table of Contents

Supplemental Information (unaudited) (concluded)

 

The following represents the percentage of dividends paid during the fiscal year ended June 30, 2017, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction
 

Dynamic Currency Hedged Europe Equity Fund

      

Dynamic Currency Hedged International Equity Fund

      

Dynamic Currency Hedged International Quality Dividend Growth Fund1

      

Dynamic Currency Hedged International SmallCap Equity Fund

      

Dynamic Currency Hedged Japan Equity Fund

      

Emerging Markets Dividend Fund

      

Europe Domestic Economy Fund

      

Global ex-Mexico Equity Fund2

     23.51

Global Hedged SmallCap Dividend Fund

     35.32

Global SmallCap Dividend Fund

     35.83

Strong Dollar Emerging Markets Equity Fund

      

U.S. Domestic Economy Fund

     90.13

U.S. Export and Multinational Fund

     100.00

Fundamental U.S. Corporate Bond Fund

      

Fundamental U.S. High Yield Corporate Bond Fund

      

Fundamental U.S. Short-Term Corporate Bond Fund

      

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

      

Dynamic Bearish U.S. Equity Fund

      

Dynamic Long/Short U.S. Equity Fund

     58.74
1 

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

 

2 

For the period February 10, 2017 (commencement of operations) through June 30, 2017.

The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year or period ended June 30, 2017, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Dynamic Currency Hedged Europe Equity Fund

   $ 74,258      $ 8,922  

Dynamic Currency Hedged International Equity Fund

     12,222,695        909,459  

Dynamic Currency Hedged International Quality Dividend Growth Fund1

     33,123        879  

Dynamic Currency Hedged International SmallCap Equity Fund

     68,578        6,532  

Dynamic Currency Hedged Japan Equity Fund

     96,877        12,274  

Emerging Markets Dividend Fund

     253,438        28,304  

Europe Domestic Economy Fund

     68,054        11,089  

Global ex-Mexico Equity Fund2

             

Global Hedged SmallCap Dividend Fund

             

Global SmallCap Dividend Fund

             

Strong Dollar Emerging Markets Equity Fund

     209,322        35,520  

U.S. Domestic Economy Fund

             

U.S. Export and Multinational Fund

             

Fundamental U.S. Corporate Bond Fund

             

Fundamental U.S. High Yield Corporate Bond Fund

             

Fundamental U.S. Short-Term Corporate Bond Fund

             

Fundamental U.S. Short-Term High Yield Corporate Bond Fund

             

Dynamic Bearish U.S. Equity Fund

             

Dynamic Long/Short U.S. Equity Fund

             
1 

For the period November 3, 2016 (commencement of operations) through June 30, 2017.

 

2 

For the period February 10, 2017 (commencement of operations) through June 30, 2017.

 

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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

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Table of Contents

The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of June 30, 2017:

 

WisdomTree Domestic Earnings and Dividend Funds

 

 

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

 

WisdomTree U.S. Earnings 500 Fund (EPS)

 

WisdomTree U.S. High Dividend Fund (DHS)

 

WisdomTree U.S. LargeCap Dividend Fund (DLN)

 

WisdomTree U.S. LargeCap Value Fund (EZY)

 

WisdomTree U.S. MidCap Dividend Fund (DON)

 

WisdomTree U.S. MidCap Earnings Fund (EZM)

 

WisdomTree U.S. Multifactor Fund (USMF)

 

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

 

WisdomTree U.S. SmallCap Dividend Fund (DES)

 

WisdomTree U.S. SmallCap Earnings Fund (EES)

 

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

 

WisdomTree U.S. Total Dividend Fund (DTD)

 

WisdomTree U.S. Total Earnings Fund (EXT)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

 

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)

 

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

 

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

WisdomTree Europe Domestic Economy Fund (EDOM)

 

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

 

WisdomTree Global ex-U.S. Hedged Dividend Fund (DXUS)

 

WisdomTree Global ex-U.S. Hedged Real Estate Fund (HDRW)

 

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International Equity Fund (DWM)

 

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

 

WisdomTree International High Dividend Fund (DTH)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International Quality Dividend Growth Fund (IQDG)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

WisdomTree Japan Hedged Financials Fund (DXJF)

 

WisdomTree Japan Hedged Health Care Fund (DXJH)

 

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

 

WisdomTree Japan Hedged Real Estate Fund (DXJR)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

 

  

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

 

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

 

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

WisdomTree Emerging Markets Dividend Fund (DVEM)

 

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

 

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

 

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

 

WisdomTree Global High Dividend Fund (DEW)

 

WisdomTree Global SmallCap Dividend Fund (GSD)

 

WisdomTree India Earnings Fund (EPI)

WisdomTree Middle East Dividend Fund (GULF)

 

 

WisdomTree Dollar Sensitive Equity Funds

 

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

 

WisdomTree U.S. Domestic Economy Fund (WUSA)

WisdomTree U.S. Export and Multinational Fund (WEXP)

 

 

WisdomTree Currency Strategy Funds

 

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

 

WisdomTree Brazilian Real Strategy Fund (BZF)

 

WisdomTree Chinese Yuan Strategy Fund (CYB)

WisdomTree Emerging Currency Strategy Fund (CEW)

 

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund (AGGY)

WisdomTree Barclays Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG)

 

 

WisdomTree Barclays Negative Duration U.S. Aggregate Bond Fund (AGND)

 

WisdomTree Barclays Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

 

WisdomTree Negative Duration High Yield Bond Fund (HYND)

 

WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

 

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)

 

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)

 

 

WisdomTree Strategic Corporate Bond Fund (CRDT)

WisdomTree Western Asset Unconstrained Bond Fund (UBND)

 

 

WisdomTree Alternative Funds

 

WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW)

 

WisdomTree Continuous Commodity Index Fund (GCC)

 

WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)

 

WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)

 

WisdomTree Global Real Return Fund (RRF)

WisdomTree Managed Futures Strategy Fund (WDTI)


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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition, when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. High-yield or “junk” bonds have lower credit ratings and involve a greater risk to principal. While the Fundamental Fixed Income Funds attempt to limit credit and counterparty exposure, the value of an investment in the Funds may change quickly and without warning in response to issuer or counterparty defaults and changes in the credit ratings of the Fund’s portfolio investments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.


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WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

International Equity ETFs:

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

WisdomTree Emerging Markets Dividend Fund (DVEM)

WisdomTree Europe Domestic Economy Fund (EDOM)

(formerly, WisdomTree Europe Local Recovery Fund (EZR))

WisdomTree Global ex-Mexico Equity Fund (XMX)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

WisdomTree Global SmallCap Dividend Fund (GSD)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

U.S. Equity ETFs:

WisdomTree U.S. Domestic Economy Fund (WUSA)

(formerly, WisdomTree Strong Dollar U.S. Equity Fund (USSD))

WisdomTree U.S. Export and Multinational Fund (WEXP)

(formerly, WisdomTree Weak Dollar U.S. Equity Fund (USWD))

Fixed Income ETFs:

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)

Alternative ETFs:

WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)

WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-2371


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Item 2. Code of Ethics.

 

  (a) The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.

 

  (c) There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description.

 

  (d) The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions.

 

  (f) The code of ethics is attached hereto as exhibit 13(a)(1).

 

Item 3. Audit Committee Financial Expert.

The Registrant’s Board of Trustees has determined that the Registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the Registrant’s audit committee is David Chrencik, who is an independent Trustee of the Trust, as that term is defined under Item 3(a) (2).

 

Item 4. Principal Accountant Fees and Services.

Audit Fees

 

  (a) The aggregate fees billed for the fiscal year ended June 30, 2017 and the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 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 the fiscal period were $464,915 and $414,560.

Audit-Related Fees

 

  (b) The aggregate fees billed for the fiscal year ended June 30, 2017 and the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 and $0.


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Tax Fees

 

(c)     The aggregate fees billed for the fiscal year ended June 30, 2017 and the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were $146,585 and $14,900.

All Other Fees

 

(d)     The aggregate fees billed for the fiscal year ended June 30, 2017 and the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were $0 and $0.

 

(e)(1)     Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.

Per Rule 2-01(c) (7) (A), the Registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the Registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Trust are compatible with maintaining the auditor’s independence.

 

(e)(2)     The Registrant’s Audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

 

(f)     The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

 

(g)     The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for the fiscal year ended June 30, 2017 and the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 were $146,585 and $14,900.

 

(h)     Not applicable.

 

Item 5. Audit Committee of Listed registrants.

The Registrant is an issuer as defined in Rule 10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.


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Item 6. Investments.

 

  (a) Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form.

 

  (b) Not applicable.

 

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

 

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

 

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

 

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

 

Item 11. Controls and Procedures.

 

  (a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

 

  (b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies

Not applicable.


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Item 13. Exhibits.

 

  (a)(1) Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto.

 

  (a)(2) Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

 

  (a)(3) Not applicable.

 

  (b) Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)   WisdomTree Trust
By (Signature and Title)   /s/ Jonathan L. Steinberg
  Jonathan L. Steinberg, President
  (principal executive officer)
Date: September 1, 2017      

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)   /s/ Jonathan L. Steinberg
  Jonathan L. Steinberg, President
  (principal executive officer)
Date: September 1, 2017      
By (Signature and Title)   /s/ David Castano
  David Castano, Treasurer
  (principal financial officer)
Date: September 1, 2017