0001193125-19-307015.txt : 20191205 0001193125-19-307015.hdr.sgml : 20191205 20191205120101 ACCESSION NUMBER: 0001193125-19-307015 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191205 DATE AS OF CHANGE: 20191205 EFFECTIVENESS DATE: 20191205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WisdomTree Trust CENTRAL INDEX KEY: 0001350487 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-21864 FILM NUMBER: 191269826 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE STREET 2: 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 BUSINESS PHONE: 212.801.2080 MAIL ADDRESS: STREET 1: 245 PARK AVENUE STREET 2: 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 0001350487 S000012379 WisdomTree U.S. Total Dividend Fund C000033617 N/A DTD 0001350487 S000012380 WisdomTree Japan Hedged Equity Fund C000033618 N/A DXJ 0001350487 S000012381 WisdomTree Global ex-U.S. Quality Dividend Growth Fund C000033619 N/A DNL 0001350487 S000012382 WisdomTree Japan SmallCap Dividend Fund C000033620 N/A DFJ 0001350487 S000012384 WisdomTree International LargeCap Dividend Fund C000033622 N/A DOL 0001350487 S000012385 WisdomTree International MidCap Dividend Fund C000033623 N/A DIM 0001350487 S000012386 WisdomTree International SmallCap Dividend Fund C000033624 N/A DLS 0001350487 S000012387 WisdomTree U.S. Dividend ex-Financials Fund C000033625 N/A DTN 0001350487 S000012388 WisdomTree International Equity Fund C000033626 N/A DWM 0001350487 S000012389 WisdomTree International Dividend ex-Financials Fund C000033627 N/A DOO 0001350487 S000012390 WisdomTree U.S. High Dividend Fund C000033628 N/A DHS 0001350487 S000012391 WisdomTree Asia Pacific ex-Japan Fund C000033629 N/A AXJL 0001350487 S000012392 WisdomTree U.S. LargeCap Dividend Fund C000033630 N/A DLN 0001350487 S000012393 WisdomTree U.S. MidCap Dividend Fund C000033631 N/A DON 0001350487 S000012394 WisdomTree U.S. SmallCap Dividend Fund C000033632 N/A DES 0001350487 S000012395 WisdomTree International High Dividend Fund C000033633 N/A DTH 0001350487 S000012397 WisdomTree Global High Dividend Fund C000033635 N/A DEW 0001350487 S000012398 WisdomTree Europe SmallCap Dividend Fund C000033636 N/A DFE 0001350487 S000015479 WisdomTree U.S. Quality Shareholder Yield Fund C000042125 N/A QSY 0001350487 S000015483 WisdomTree Emerging Markets High Dividend Fund C000042129 N/A DEM 0001350487 S000015502 WisdomTree Global ex-U.S. Real Estate Fund C000042148 N/A DRW 0001350487 S000015504 WisdomTree U.S. Total Market Fund C000042150 N/A EXT 0001350487 S000015505 WisdomTree U.S. LargeCap Fund C000042151 N/A EPS 0001350487 S000015506 WisdomTree U.S. MidCap Fund C000042152 N/A EZM 0001350487 S000015507 WisdomTree U.S. SmallCap Fund C000042153 N/A EES 0001350487 S000019332 WisdomTree Emerging Markets SmallCap Dividend Fund C000053725 N/A DGS 0001350487 S000020636 WisdomTree India Earnings Fund C000057625 N/A EPI 0001350487 S000022800 WisdomTree Middle East Dividend Fund C000065932 N/A GULF 0001350487 S000023597 WisdomTree Europe Hedged Equity Fund C000069425 N/A HEDJ 0001350487 S000036809 WisdomTree China ex-State-Owned Enterprises Fund C000112567 N/A CXSE 0001350487 S000040816 WisdomTree U.S. Quality Dividend Growth Fund C000126584 N/A DGRW 0001350487 S000040817 WisdomTree U.S. SmallCap Quality Dividend Growth Fund C000126585 N/A DGRS 0001350487 S000041190 WisdomTree Japan Hedged SmallCap Equity Fund C000127778 N/A DXJS 0001350487 S000041396 WisdomTree Germany Hedged Equity Fund C000128387 N/A DXGE 0001350487 S000041431 WisdomTree Emerging Markets Consumer Growth Fund C000128623 N/A EMCG 0001350487 S000041433 WisdomTree Emerging Markets Quality Dividend Growth Fund C000128625 N/A DGRE 0001350487 S000043768 WisdomTree International Hedged Quality Dividend Growth Fund C000135785 N/A IHDG 0001350487 S000045345 WisdomTree Europe Quality Dividend Growth Fund C000141114 N/A EUDG 0001350487 S000046464 WisdomTree Emerging Markets ex-State-Owned Enterprises Fund C000145138 N/A XSOE 0001350487 S000048091 WisdomTree Europe Hedged SmallCap Equity Fund C000151994 N/A EUSC 0001350487 S000052973 WisdomTree International Quality Dividend Growth Fund C000166521 N/A IQDG 0001350487 S000058010 WisdomTree U.S. Multifactor Fund C000189527 N/A USMF 0001350487 S000062304 WisdomTree Emerging Markets Multifactor Fund C000202064 N/A EMMF 0001350487 S000062306 WisdomTree International Multifactor Fund C000202067 N/A DWMF 0001350487 S000064748 WisdomTree India ex-State-Owned Enterprises Fund C000209692 N/A 0001350487 S000065442 WisdomTree Modern Tech Platforms Fund C000211609 N/A N-CSRS 1 d758400dncsrs.htm WISDOMTREE TRUST 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: March 31

Date of reporting period: September 30, 2019

 

 

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 Reports to Shareholders are attached hereto.


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Semi-Annual Report

September 30, 2019

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

WisdomTree Germany Hedged Equity Fund (DXGE)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

WisdomTree Japan Hedged Equity Fund (DXJ)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the WisdomTree Funds’ annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, annual and semi-annual shareholder reports will be available on the WisdomTree Funds’ website (www.wisdomtree.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank).

You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account.


Table of Contents

Table of Contents

 

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Indexes (unaudited)

       8  
Schedules of Investments (unaudited)     

WisdomTree Europe Hedged Equity Fund

       10  

WisdomTree Europe Hedged SmallCap Equity Fund

       13  

WisdomTree Germany Hedged Equity Fund

       17  

WisdomTree International Hedged Quality Dividend Growth Fund

       20  

WisdomTree Japan Hedged Equity Fund

       28  

WisdomTree Japan Hedged SmallCap Equity Fund

       35  

Statements of Assets and Liabilities (unaudited)

       45  

Statements of Operations (unaudited)

       46  

Statements of Changes in Net Assets (unaudited)

       47  

Financial Highlights (unaudited)

       49  

Notes to Financial Statements (unaudited)

       52  

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

       63  

General Information (unaudited)

       66  

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


Table of Contents

Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from April 1, 2019 to September 30, 2019. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/366 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      1  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    20.6%  

Consumer Discretionary

    18.5%  

Industrials

    14.8%  

Health Care

    11.9%  

Financials

    11.7%  

Materials

    11.3%  

Information Technology

    8.5%  

Energy

    1.4%  

Communication Services

    0.5%  

Utilities

    0.2%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Anheuser-Busch InBev S.A./N.V.

    6.0%  

Banco Santander S.A.

    5.9%  

Sanofi

    4.7%  

Unilever N.V.

    4.6%  

LVMH Moet Hennessy Louis Vuitton SE

    3.5%  

Daimler AG, Registered Shares

    3.3%  

Bayer AG, Registered Shares

    3.2%  

BASF SE

    3.1%  

Siemens AG, Registered Shares

    3.0%  

Banco Bilbao Vizcaya Argentaria S.A.

    2.9%  
*

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 Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in European dividend-paying companies while at the same time hedging exposure to the fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,071.80        0.58   $ 3.00  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       7.18      8.16      10.22      7.80      7.63

Fund Market Price Returns

       6.95      8.36      10.24      7.82      7.63

WisdomTree DEFA International Hedged Equity/Europe Hedged Equity Spliced Index2

       7.34      8.74      10.66      8.23      8.09

MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index3

       6.67      4.16      8.19      6.05      6.62
*

Returns of less than one year are cumulative.

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 31, 2009.

2 

WisdomTree DEFA International Hedged Equity Index prior to August 29, 2012; WisdomTree Europe Hedged Equity Index thereafter.

3 

MSCI EAFE Local Currency Index prior to August 29, 2012; MSCI EMU Local Currency Index thereafter.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

2   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    23.3%  

Financials

    17.6%  

Communication Services

    11.0%  

Materials

    9.9%  

Consumer Discretionary

    9.0%  

Utilities

    7.8%  

Information Technology

    6.2%  

Consumer Staples

    5.6%  

Real Estate

    4.5%  

Health Care

    2.8%  

Energy

    1.7%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description      % of Net Assets  

Banca Mediolanum SpA

       1.6

Eutelsat Communications S.A.

       1.5

A2A SpA

       1.2

ProSiebenSat.1 Media SE

       1.2

METRO AG

       1.2

ASR Nederland N.V.

       1.2

bpost S.A.

       1.2

Freenet AG

       1.1

Nokian Renkaat Oyj

       1.1

Voestalpine AG

       1.1
*

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

The WisdomTree Europe Hedged SmallCap Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged SmallCap Equity Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in European small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,037.80        0.58   $ 2.95  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      Since Inception1  

Fund NAV Returns

       3.78      3.09      10.25      7.61

Fund Market Price Returns

       3.51      3.24      10.21      7.34

WisdomTree Europe Hedged SmallCap Equity Index

       3.72      2.99      10.28      7.64

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

       3.94      -1.05      7.94      6.56
*

Returns of less than one year are cumulative.

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on March 4, 2015.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      3  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Germany Hedged Equity Fund (DXGE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    21.9%  

Financials

    17.5%  

Industrials

    15.6%  

Materials

    11.6%  

Health Care

    11.1%  

Communication Services

    8.8%  

Information Technology

    5.6%  

Utilities

    3.8%  

Consumer Staples

    2.2%  

Real Estate

    0.1%  

Other Assets less Liabilities‡

    1.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Allianz SE, Registered Shares

    8.9%  

Daimler AG, Registered Shares

    7.5%  

Deutsche Telekom AG, Registered Shares

    7.5%  

Bayer AG, Registered Shares

    7.2%  

BASF SE

    7.0%  

Siemens AG, Registered Shares

    6.9%  

Bayerische Motoren Werke AG

    4.9%  

SAP SE

    4.0%  

Deutsche Post AG, Registered Shares

    3.6%  

Volkswagen AG

    3.5%  
*

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

 

The WisdomTree Germany Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Germany Hedged Equity Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in German dividend-paying companies with an exporter tilt at the same time hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,067.30        0.48   $ 2.48  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60        0.48   $ 2.43  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       6.73      1.85      7.16      7.00      7.00

Fund Market Price Returns

       6.39      1.98      7.08      6.98      6.81

WisdomTree Germany Hedged Equity Index

       6.88      2.18      7.41      7.21      7.17

MSCI Germany Local Currency Index

       5.88      -1.03      4.53      4.91      5.24
*

Returns of less than one year are cumulative.

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on October 17, 2013.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

4   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    17.4%  

Consumer Staples

    15.8%  

Industrials

    15.7%  

Health Care

    13.8%  

Information Technology

    13.0%  

Materials

    9.7%  

Communication Services

    4.7%  

Real Estate

    2.9%  

Financials

    2.2%  

Utilities

    1.8%  

Energy

    1.3%  

Investment Company

    0.5%  

Other Assets less Liabilities‡

    1.2%  

Total

    100.0%  

 

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

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

Top Ten Holdings*

 

Description   % of Net Assets  

Industria de Diseno Textil S.A.

    4.5%  

Unilever N.V.

    4.3%  

British American Tobacco PLC

    3.8%  

Novo Nordisk A/S, Class B

    3.3%  

Rio Tinto PLC

    3.2%  

SAP SE

    2.7%  

Tokyo Electron Ltd.

    2.3%  

Diageo PLC

    2.3%  

Unilever PLC

    2.0%  

Kering S.A.

    2.0%  
*

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

The WisdomTree International Hedged Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Hedged Quality Dividend Growth Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the developed world, excluding U.S. and Canada, while at the same time hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,056.80        0.58   $ 2.98  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       5.68      5.95      9.62      8.56      8.00

Fund Market Price Returns

       5.89      6.48      9.57      8.62      7.92

WisdomTree International Hedged Quality Dividend Growth Index

       6.05      6.59      10.38      9.18      8.70

MSCI EAFE Local Currency Index

       4.60      1.56      8.30      6.02      6.36
*

Returns of less than one year are cumulative.

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      5  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    23.0%  

Industrials

    21.2%  

Information Technology

    12.5%  

Financials

    12.2%  

Materials

    9.9%  

Health Care

    8.4%  

Consumer Staples

    7.9%  

Communication Services

    2.6%  

Energy

    0.7%  

Utilities

    0.2%  

Real Estate

    0.1%  

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*

 

Description   % of Net Assets  

Toyota Motor Corp.

    5.1%  

Mitsubishi UFJ Financial Group, Inc.

    3.7%  

Japan Tobacco, Inc.

    3.2%  

Sumitomo Mitsui Financial Group, Inc.

    2.6%  

Nissan Motor Co., Ltd.

    2.4%  

FANUC Corp.

    2.4%  

Takeda Pharmaceutical Co., Ltd.

    2.3%  

Mizuho Financial Group, Inc.

    2.3%  

Honda Motor Co., Ltd.

    2.3%  

Canon, Inc.

    2.2%  
*

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

The WisdomTree Japan Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index. The Fund seeks to provide Japanese equity returns while mitigating or ‘‘hedging’’ against fluctuations between the value of the Japanese yen and the U.S. dollar. In seeking to track the Index, the Fund invests in Japanese dividend-paying companies with an exporter tilt at the same time hedging exposure to fluctuations of the value of the Japanese yen relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,006.40        0.48   $ 2.41  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60        0.48   $ 2.43  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       0.64      -11.89      8.20      4.08      5.52

Fund Market Price Returns

       1.00      -11.19      8.18      4.17      5.64

WisdomTree Japan Dividend/Japan Hedged Equity Spliced Index1

       0.88      -11.49      8.91      4.88      6.07

MSCI Japan/MSCI Japan Local Currency Spliced Index2

       1.72      -9.32      8.55      5.30      6.99
*

Returns of less than one year are cumulative.

1 

WisdomTree Japan Dividend Index prior to April 1, 2010; WisdomTree Japan Hedged Equity Index thereafter.

2 

MSCI Japan Index prior to April 1, 2010; MSCI Japan Local Currency Index thereafter.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

6   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    24.6%  

Consumer Discretionary

    22.1%  

Materials

    12.5%  

Financials

    11.6%  

Information Technology

    9.9%  

Consumer Staples

    6.2%  

Health Care

    4.1%  

Communication Services

    3.0%  

Real Estate

    2.7%  

Energy

    1.1%  

Utilities

    0.9%  

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*

 

Description   % of Net Assets  

Haseko Corp.

    1.2%  

Matsui Securities Co., Ltd.

    0.9%  

Aozora Bank Ltd.

    0.8%  

Mitsubishi Gas Chemical Co., Inc.

    0.8%  

Sumitomo Rubber Industries Ltd.

    0.7%  

Casio Computer Co., Ltd.

    0.7%  

Seven Bank Ltd.

    0.6%  

Mebuki Financial Group, Inc.

    0.6%  

DIC Corp.

    0.6%  

THK Co., Ltd.

    0.5%  
*

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

The WisdomTree Japan Hedged SmallCap Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged SmallCap Equity Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in Japanese small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the Japanese yen relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 999.80        0.58   $ 2.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       -0.02      -12.53      9.95      8.17      9.85

Fund Market Price Returns

       0.37      -11.59      10.11      8.28      9.84

WisdomTree Japan Hedged SmallCap Equity Index

       0.08      -12.37      10.59      8.89      10.71

MSCI Japan Small Cap Local Currency Index

       0.61      -10.67      8.49      7.66      10.04
*

Returns of less than one year are cumulative.

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on June 28, 2013.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      7  


Table of Contents

Description of Indexes (unaudited)

Below are descriptions of each Index referenced in this report:

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

The MSCI European Economic and Monetary Union (EMU) Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the developed market countries within the EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.

The MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index is a free float-adjusted market capitalization weighted index that captures small cap representation across the 10 Developed Market countries in the EMU and is calculated in local currency.

The MSCI Germany Local Currency Index is a capitalization weighted index that measures the performance of the Germany equity market and provides local currency returns, which are not translated back to U.S. dollars.

The MSCI Japan Index is a free float-adjusted market capitalization index that is designed to measure the performance of the Japanese equity market.

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

The MSCI Japan Small Cap Local Currency Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan and calculated in local currency.

The WisdomTree DEFA International Hedged Equity Index is a dividend weighted index designed to provide exposure to developed world, non-U.S. equity securities while at the same time neutralizing exposure to fluctuations between the value of the U.S. dollar and non-U.S. currencies reflected in the index. This index is based on the WisdomTree International Equity Index.

The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the U.S. dollar.

The WisdomTree Europe Hedged SmallCap Equity Index is designed to provide exposure to the European equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to the U.S. dollar.

The WisdomTree Germany Hedged Equity Index is designed to provide exposure to Germany equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to the U.S. dollar. In this sense, the Index “hedges” against fluctuations in the relative value of the Euro against the U.S. dollar.

The WisdomTree International Hedged Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar.

The WisdomTree Japan Dividend Index is a fundamentally weighted Index that measures the performance of dividend-paying Japanese companies that have less than 80% of revenue from Japan.

The WisdomTree Japan Hedged Equity Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar. This index is based on the WisdomTree Japan Dividend Index.

The WisdomTree Japan Hedged SmallCap Equity Index is designed to provide exposure to the small-capitalization segment of the Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.

 

 

8   WisdomTree Trust


Table of Contents

Description of Indexes (unaudited) (concluded)

 

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

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.

Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.

 

WisdomTree Trust      9  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

September 30, 2019

 

 

 

Investments   Shares      Value  
COMMON STOCKS – 99.4%

 

Austria – 0.5%

 

Andritz AG

    275,242      $ 11,252,580  

Lenzing AG(a)

    70,840        6,823,249  

Schoeller-Bleckmann Oilfield Equipment AG(a)

    11,234        667,478  
    

 

 

 
Total Austria

 

     18,743,307  
Belgium – 7.8%

 

Anheuser-Busch InBev S.A./N.V.

    2,129,941        202,994,607  

Bekaert S.A.

    99,384        2,851,731  

Melexis N.V.(a)

    78,132        5,413,157  

Solvay S.A.

    239,200        24,773,702  

UCB S.A.

    179,110        13,004,695  

Umicore S.A.(a)

    362,161        13,672,889  
    

 

 

 
Total Belgium

 

     262,710,781  
Finland – 4.8%

 

Cargotec Oyj Class B(a)

    106,109        3,414,874  

Huhtamaki Oyj

    149,273        5,952,934  

Kemira Oyj

    373,113        5,491,365  

Kone Oyj Class B

    789,173        44,945,013  

Konecranes Oyj

    158,819        5,093,910  

Metso Oyj

    305,907        11,429,037  

Nokia Oyj

    13,596,593        68,926,968  

Valmet Oyj

    254,692        4,945,217  

Wartsila Oyj Abp(a)

    1,172,686        13,136,198  
    

 

 

 
Total Finland

 

     163,335,516  
France – 27.5%

 

Air Liquide S.A.

    336,321        47,885,419  

Airbus SE

    548,547        71,284,683  

Arkema S.A.

    87,633        8,170,366  

Bureau Veritas S.A.

    423,715        10,208,742  

Cie Generale des Etablissements Michelin SCA

    213,627        23,848,564  

Danone S.A.

    648,500        57,139,305  

Dassault Systemes SE

    44,314        6,316,679  

Eramet

    10,992        544,409  

EssilorLuxottica S.A.

    294,625        42,478,718  

Gaztransport Et Technigaz S.A.

    47,721        4,726,510  

Hermes International

    26,936        18,617,805  

Imerys S.A.

    138,694        5,576,410  

Ingenico Group S.A.

    45,938        4,482,303  

Interparfums S.A.(a)

    23,920        1,024,849  

Kering S.A.

    95,606        48,732,572  

L’Oreal S.A.(a)

    303,211        84,921,016  

Legrand S.A.

    203,172        14,503,695  

LVMH Moet Hennessy Louis Vuitton SE(a)

    300,977        119,650,812  

Pernod Ricard S.A.

    140,917        25,102,765  

Publicis Groupe S.A.

    330,079        16,236,526  

Remy Cointreau S.A.(a)

    27,618        3,667,293  

Rubis SCA(a)

    93,709        5,445,210  

Safran S.A.

    212,526        33,468,461  

Sanofi

    1,696,591        157,328,956  

Sartorius Stedim Biotech

    15,043        2,105,744  

Schneider Electric SE

    631,736        55,441,840  

SCOR SE

     310,909      12,842,927  

SEB S.A.

     23,590        3,582,492  

Societe BIC S.A.(a)

     83,346        5,597,210  

Sodexo S.A.

     140,953        15,827,695  

Tarkett S.A.

     69,436        1,027,237  

Teleperformance

     23,413        5,076,893  

Valeo S.A.

     433,268        14,052,374  

Vicat S.A.

     46,529        2,018,891  
     

 

 

 
Total France

 

     928,935,371  
Germany – 24.5%

 

adidas AG

     80,357        25,024,423  

BASF SE

     1,494,544        104,474,029  

Bayer AG Registered Shares

     1,520,217        107,213,348  

Bayerische Motoren Werke AG

     1,040,762        73,286,307  

Brenntag AG

     140,348        6,793,527  

Continental AG

     235,678        30,241,382  

Covestro AG(b)

     323,875        16,030,217  

Daimler AG Registered Shares

     2,257,022        112,252,804  

Duerr AG

     69,088        1,793,363  

Evonik Industries AG

     682,071        16,842,398  

Fresenius Medical Care AG & Co. KGaA

     169,636        11,410,622  

Fresenius SE & Co. KGaA

     297,979        13,934,727  

GEA Group AG

     190,780        5,151,871  

Hannover Rueck SE

     138,527        23,423,530  

Hapag-Lloyd AG(b)

     25,876        1,861,861  

HeidelbergCement AG

     191,608        13,853,652  

Henkel AG & Co. KGaA

     175,649        16,085,371  

Hochtief AG

     102,335        11,669,762  

Infineon Technologies AG

     649,796        11,697,225  

K+S AG Registered Shares

     98,068        1,359,408  

Krones AG

     25,425        1,536,981  

LANXESS AG

     56,604        3,455,742  

Merck KGaA

     56,200        6,332,175  

MTU Aero Engines AG

     23,573        6,265,485  

OSRAM Licht AG(a)

     135,715        5,970,044  

SAP SE

     501,534        58,985,796  

Siemens AG Registered Shares

     956,235        102,424,374  

Siemens Healthineers AG(b)

     599,487        23,590,272  

Siltronic AG

     80,386        6,108,285  

Symrise AG

     46,574        4,527,096  

Wacker Chemie AG

     58,157        3,823,186  

Wirecard AG

     5,089        814,173  
     

 

 

 
Total Germany

 

     828,233,436  
Ireland – 1.4%

 

CRH PLC

     1,107,980        38,158,181  

Glanbia PLC

     268,556        3,337,689  

Kerry Group PLC Class A

     63,515        7,429,886  
     

 

 

 
Total Ireland

 

     48,925,756  
Italy – 1.3%

 

Autogrill SpA

     278,945        2,701,980  

Brunello Cucinelli SpA

     40,464        1,260,774  

Davide Campari-Milano SpA(a)

     352,831        3,188,801  

 

See Notes to Financial Statements.

 

10   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Hedged Equity Fund (HEDJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

DiaSorin SpA

     26,647      $ 3,099,694  

Ferrari N.V.

     74,847        11,550,224  

IMA Industria Macchine Automatiche SpA(a)

     56,297        3,940,274  

Moncler SpA

     156,021        5,562,076  

Pirelli & C SpA(a)(b)

     1,760,026        10,415,138  

Salvatore Ferragamo SpA(a)

     156,756        2,897,531  
     

 

 

 
Total Italy

 

     44,616,492  
Netherlands – 11.9%

 

Aegon N.V.

     7,644,900        31,812,668  

Akzo Nobel N.V.

     269,596        24,039,187  

Arcadis N.V.(a)

     134,478        2,512,859  

ASM International N.V.

     57,003        5,249,981  

ASML Holding N.V.

     274,504        68,007,795  

BE Semiconductor Industries N.V.

     342,015        10,712,403  

Corbion N.V.

     71,993        2,090,887  

EXOR N.V.

     76,364        5,118,334  

Heineken Holding N.V.

     265,812        26,472,153  

Heineken N.V.

     506,956        54,804,082  

Koninklijke Ahold Delhaize N.V.

     2,131,197        53,334,351  

Koninklijke DSM N.V.

     204,715        24,639,101  

Koninklijke Philips N.V.

     1,135,307        52,602,741  

Koninklijke Vopak N.V.

     194,595        10,004,874  

SBM Offshore N.V.

     225,681        3,752,070  

Signify N.V.(b)

     335,650        9,232,303  

Wolters Kluwer N.V.

     234,096        17,094,062  
     

 

 

 
Total Netherlands

 

     401,479,851  
Portugal – 0.9%

 

Galp Energia, SGPS, S.A.

     1,961,461        29,563,166  
Spain – 12.1%

 

Acerinox S.A.

     536,366        4,589,088  

ACS Actividades de Construccion y Servicios S.A.

     616,070        24,622,302  

Amadeus IT Group S.A.

     397,232        28,460,853  

Banco Bilbao Vizcaya Argentaria S.A.

     18,740,522        97,669,987  

Banco Santander S.A.

     48,911,530        199,242,673  

Cie Automotive S.A.

    177,409     4,448,459  

Construcciones y Auxiliar de Ferrocarriles S.A.

    37,388       1,697,670  

Grifols S.A.

    374,145       11,029,422  

Mapfre S.A.

    9,103,752       24,524,451  

Prosegur Cash S.A.(b)

    3,303,818       4,747,201  

Prosegur Cia de Seguridad S.A.

    1,004,862       3,917,509  

Viscofan S.A.

    82,383       3,861,999  
   

 

 

 
Total Spain

 

    408,811,614  
Switzerland – 0.4%

 

STMicroelectronics N.V.(a)

    726,355       14,051,771  
United Kingdom – 6.3%

 

Fiat Chrysler Automobiles N.V.

    4,477,842       57,956,050  

Unilever N.V.

    2,608,360       156,826,400  
   

 

 

 
Total United Kingdom

 

    214,782,450  

TOTAL COMMON STOCKS

(Cost: $3,570,339,495)

 

 

    3,364,189,511  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.8%

 

United States – 4.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

   
(Cost: $161,086,597)(d)     161,086,597       161,086,597  

TOTAL INVESTMENTS IN SECURITIES – 104.2%

(Cost: $3,731,426,092)

 

 

    3,525,276,108  

Other Assets less Liabilities – (4.2)%

 

    (142,758,348
   

 

 

 
NET ASSETS – 100.0%

 

  $ 3,382,517,760  

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $169,592,006 and the total market value of the collateral held by the Fund was $178,352,967. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $17,266,370.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
     Amount and
Description of
Currency to be
Purchased
    

Amount and
Description of
Currency to

be Sold

     Unrealized
Appreciation
     Unrealized
Depreciation
 

Bank of America N.A.

    10/2/2019        1,480,000       USD        1,357,960       EUR      $      $ (448

Bank of America N.A.

    10/3/2019        8,809,965       EUR        9,694,767       USD               (89,415

Bank of America N.A.

    10/3/2019        14,756,814       EUR        16,157,944       USD               (68,845

Bank of America N.A.

    10/3/2019        238,432,360       EUR        259,819,743       USD        138,931         

Bank of America N.A.

    10/3/2019        197,191,551       USD        178,147,253       EUR        2,960,685         

Bank of America N.A.

    11/5/2019        269,206,270       USD        246,450,283       EUR               (155,635

Bank of Montreal

    10/3/2019        238,328,910       EUR        259,819,743       USD        26,141         

Bank of Montreal

    10/3/2019        197,191,551       USD        178,129,873       EUR        2,979,634         

Bank of Montreal

    11/5/2019        269,206,270       USD        246,337,977       EUR               (32,887

Barclays Bank PLC

    10/3/2019        238,436,736       EUR        259,819,743       USD        143,703         

Barclays Bank PLC

    10/3/2019        197,191,551       USD        178,177,033       EUR        2,928,217         

Barclays Bank PLC

    11/5/2019        269,206,270       USD        246,454,344       EUR               (160,073

 

See Notes to Financial Statements.

 

WisdomTree Trust      11  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Europe Hedged Equity Fund (HEDJ)

September 30, 2019

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
     Amount and
Description of
Currency to be
Purchased
    

Amount and
Description of
Currency to

be Sold

     Unrealized
Appreciation
     Unrealized
Depreciation
 

Canadian Imperial Bank of Commerce

    10/3/2019        119,180,094       EUR        129,909,878       USD      $ 30,115      $  

Canadian Imperial Bank of Commerce

    10/3/2019        197,191,551       USD        178,133,092       EUR        2,976,125         

Canadian Imperial Bank of Commerce

    11/5/2019        134,603,144       USD        123,188,498       EUR               (37,758

Citibank N.A.

    10/3/2019        238,305,739       EUR        259,819,743       USD        879         

Citibank N.A.

    10/3/2019        197,191,551       USD        178,142,747       EUR        2,965,598         

Citibank N.A.

    11/5/2019        269,206,270       USD        246,317,240       EUR               (10,224

Commonwealth Bank of Australia

    10/3/2019        197,191,551       USD        178,140,494       EUR        2,968,055         

Credit Suisse International

    10/3/2019        238,539,623       EUR        259,819,743       USD        255,878         

Credit Suisse International

    10/3/2019        197,191,551       USD        178,156,588       EUR        2,950,507         

Credit Suisse International

    11/5/2019        269,206,270       USD        246,567,660       EUR               (283,924

Goldman Sachs

    10/3/2019        238,523,418       EUR        259,819,743       USD        238,210         

Goldman Sachs

    10/3/2019        197,191,551       USD        178,166,890       EUR        2,939,275         

Goldman Sachs

    11/5/2019        269,206,270       USD        246,547,337       EUR               (261,711

HSBC Holdings PLC

    10/3/2019        238,301,149       EUR        259,819,743       USD               (4,126

HSBC Holdings PLC

    10/3/2019        197,191,551       USD        178,136,310       EUR        2,972,617         

HSBC Holdings PLC

    11/5/2019        269,206,270       USD        246,314,987       EUR               (7,760

JP Morgan Chase Bank N.A.

    10/3/2019        238,348,806       EUR        259,819,743       USD        47,833         

JP Morgan Chase Bank N.A.

    10/3/2019        197,191,551       USD        178,094,802       EUR        3,017,872         

JP Morgan Chase Bank N.A.

    11/5/2019        269,206,270       USD        246,360,745       EUR               (57,773

Morgan Stanley & Co. International

    10/3/2019        197,191,551       USD        178,210,365       EUR        2,891,876         

Royal Bank of Canada

    10/3/2019        238,307,051       EUR        259,819,743       USD        2,308         

Royal Bank of Canada

    10/3/2019        197,191,551       USD        178,638,674       EUR        2,424,897         

Royal Bank of Canada

    11/5/2019        269,206,270       USD        246,317,240       EUR               (10,224

Societe Generale

    10/3/2019        238,196,284       EUR        259,819,743       USD               (118,458

Societe Generale

    10/3/2019        197,191,551       USD        178,182,990       EUR        2,921,722         

Societe Generale

    11/5/2019        269,206,270       USD        246,209,108       EUR        107,961         

Standard Chartered Bank

    10/3/2019        238,213,755       EUR        259,819,743       USD               (99,410

Standard Chartered Bank

    10/3/2019        197,191,551       USD        178,211,976       EUR        2,890,120         

Standard Chartered Bank

    11/5/2019        269,206,270       USD        246,225,998       EUR        89,502         

State Street Bank and Trust

    10/1/2019        338,122       USD        310,000       EUR        160         

State Street Bank and Trust

    10/3/2019        197,191,551       USD        178,637,865       EUR        2,425,780         

UBS AG

    10/3/2019        11,687,514       EUR        12,926,355       USD               (183,661

UBS AG

    10/3/2019        238,213,755       EUR        259,819,743       USD               (99,410

UBS AG

    10/3/2019        197,191,551       USD        178,651,784       EUR        2,410,605         

UBS AG

    11/5/2019        269,206,270       USD        246,227,124       EUR        88,271         

Wells Fargo Bank N.A.

    10/3/2019        131,461,044       USD        118,811,214       EUR        1,923,234         
                                               $ 48,716,711      $ (1,681,742

 

CURRENCY LEGEND
EUR   Euro
USD   U.S. dollar

 

See Notes to Financial Statements.

 

12   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%

 

Austria – 6.2%

 

Andritz AG

     19,444      $ 794,919  

AT&S Austria Technologie & Systemtechnik AG

     3,595        61,768  

BAWAG Group AG*(a)

     15,225        599,530  

Lenzing AG

     5,215        502,305  

Oesterreichische Post AG

     17,254        605,692  

Palfinger AG

     2,797        73,640  

Porr AG(b)

     6,317        130,160  

S IMMO AG

     5,117        117,708  

S&T AG

     1,816        36,131  

Schoeller-Bleckmann Oilfield Equipment AG

     936        55,613  

Telekom Austria AG*

     33,145        241,018  

UNIQA Insurance Group AG

     49,642        448,382  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     14,658        381,926  

Voestalpine AG

     38,565        886,278  

Wienerberger AG

     10,258        249,834  
     

 

 

 
Total Austria

 

     5,184,904  
Belgium – 5.0%

 

Ackermans & van Haaren N.V.

     2,245        341,181  

Bekaert S.A.

     7,147        205,077  

bpost S.A.

     93,772        983,659  

Cofinimmo S.A.

     2,073        291,990  

D’ieteren S.A./N.V.

     5,618        304,706  

Econocom Group S.A./N.V.

     36,724        92,004  

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

     5,838        477,344  

Euronav N.V.

     12,193        111,128  

Fagron

     2,366        41,941  

Greenyard N.V.(b)

     12,476        38,764  

Melexis N.V.(b)

     5,500        381,052  

Ontex Group N.V.

     9,422        169,589  

Orange Belgium S.A.

     7,081        146,211  

Recticel S.A.

     6,930        58,854  

Warehouses De Pauw CVA

     2,880        528,738  
     

 

 

 
Total Belgium

 

     4,172,238  
Finland – 10.0%

 

Aktia Bank Oyj

     8,294        76,135  

Cargotec Oyj Class B

     7,132        229,527  

Citycon Oyj(b)

     29,995        314,743  

Cramo Oyj

     7,956        85,175  

DNA Oyj

     16,710        380,376  

Finnair Oyj

     19,349        135,320  

Huhtamaki Oyj

     9,845        392,614  

Kemira Oyj

     24,610        362,202  

Kesko Oyj Class B

     12,028        760,025  

Kojamo Oyj

     21,000        343,871  

Konecranes Oyj

     11,226        360,059  

Lassila & Tikanoja Oyj

     5,792        85,624  

Lehto Group Oyj(b)

     21,764        51,298  

Metsa Board Oyj(b)

     79,558        473,135  

Metso Oyj

     21,237        793,439  

Nokian Renkaat Oyj

     31,486        888,358  

Orion Oyj Class B

     18,915      705,655  

Outokumpu Oyj(b)

     84,707        223,204  

Raisio Oyj Class V

     26,143        92,913  

Sanoma Oyj

     13,607        151,904  

Terveystalo Oyj*(a)

     11,190        109,550  

Tieto Oyj

     16,131        413,271  

Tokmanni Group Corp.

     14,665        163,075  

Uponor Oyj

     15,663        166,660  

Valmet Oyj

     16,985        329,788  

YIT Oyj(b)

     43,395        249,793  
     

 

 

 
Total Finland

 

     8,337,714  
France – 15.5%

 

Akka Technologies

     983        67,729  

Albioma S.A.

     3,424        89,588  

Alten S.A.

     1,372        156,755  

Altran Technologies S.A.

     21,060        330,848  

Beneteau S.A.

     8,315        87,477  

Chargeurs S.A.

     3,793        66,493  

Cie Plastic Omnium S.A.

     19,941        546,970  

Coface S.A.

     31,333        355,939  

Derichebourg S.A.

     28,993        101,273  

Elior Group S.A.(a)

     20,318        270,017  

Elis S.A.

     19,734        348,957  

Eramet

     1,162        57,551  

Eurazeo SE

     6,026        448,371  

Europcar Mobility Group(a)

     17,135        95,084  

Eutelsat Communications S.A.

     68,405        1,273,370  

Faurecia SE

     18,519        878,643  

Gaztransport Et Technigaz S.A.

     5,207        515,726  

Imerys S.A.

     14,381        578,211  

Ingenico Group S.A.

     4,925        480,547  

Interparfums S.A.

     2,738        117,309  

IPSOS

     6,397        182,370  

Jacquet Metal Service S.A.

     4,177        70,583  

Kaufman & Broad S.A.

     5,236        208,581  

Korian S.A.

     5,530        227,407  

Lagardere SCA

     27,907        617,611  

Maisons du Monde S.A.(a)

     4,544        71,831  

Manitou BF S.A.

     3,659        71,803  

Mersen S.A.

     1,972        61,486  

Metropole Television S.A.

     19,113        313,597  

Nexans S.A.

     1,888        69,694  

Nexity S.A.

     13,698        652,298  

Quadient SAS

     5,442        112,725  

Rallye S.A.(b)

     13,727        112,538  

Rexel S.A.

     46,063        493,039  

Rothschild & Co.

     4,501        129,054  

Rubis SCA

     10,837        629,713  

Societe BIC S.A.

     8,911        598,430  

Sopra Steria Group

     1,839        229,158  

SPIE S.A.

     21,883        438,250  

Tarkett S.A.

     7,170        106,073  

Television Francaise 1

     34,800        305,598  

 

See Notes to Financial Statements.

 

WisdomTree Trust      13  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

September 30, 2019

 

 

 

Investments    Shares      Value  

Trigano S.A.

     2,082      $ 167,398  

Vicat S.A.

     4,804        208,445  
     

 

 

 
Total France

 

     12,944,540  
Germany – 19.3%

 

Aareal Bank AG

     19,586        595,526  

alstria office REIT-AG

     24,070        413,035  

AURELIUS Equity Opportunities SE & Co. KGaA

     4,720        194,818  

Aurubis AG

     6,820        304,024  

BayWa AG

     3,113        88,069  

Bechtle AG

     1,691        172,093  

Bilfinger SE

     6,393        186,787  

CANCOM SE

     1,546        83,430  

CompuGroup Medical SE

     1,552        93,398  

CropEnergies AG

     6,899        47,384  

CTS Eventim AG & Co. KGaA

     5,506        310,337  

Dermapharm Holding SE

     4,900        192,792  

Deutsche Pfandbriefbank AG(a)

     47,854        583,787  

Deutz AG

     8,652        50,180  

DIC Asset AG

     12,588        161,113  

Duerr AG

     8,022        208,232  

Elmos Semiconductor AG

     2,122        56,331  

Encavis AG

     17,963        166,458  

Freenet AG

     46,116        949,707  

Fuchs Petrolub SE

     4,678        170,084  

GEA Group AG

     22,862        617,371  

Gerresheimer AG

     2,193        157,315  

GRENKE AG

     1,592        131,211  

Hamburger Hafen und Logistik AG

     8,099        201,843  

Hella GmbH & Co. KGaA

     10,970        490,578  

Hugo Boss AG

     13,385        717,213  

Indus Holding AG

     3,756        153,555  

Jenoptik AG

     2,888        71,597  

JOST Werke AG(a)

     2,217        63,687  

K+S AG Registered Shares

     10,988        152,314  

Kloeckner & Co. SE

     25,163        152,663  

Koenig & Bauer AG

     1,932        75,531  

Krones AG

     2,854        172,529  

LANXESS AG

     6,567        400,923  

METRO AG

     63,237        998,265  

MLP SE

     11,594        60,039  

Nemetschek SE

     2,567        131,028  

NORMA Group SE

     3,631        125,960  

OSRAM Licht AG(b)

     16,024        704,889  

PATRIZIA AG

     5,396        100,300  

Pfeiffer Vacuum Technology AG

     706        95,902  

ProSiebenSat.1 Media SE

     72,485        998,852  

Rheinmetall AG

     3,372        426,618  

RHOEN-KLINIKUM AG

     3,545        79,421  

RIB Software SE

     2,408        55,864  

Salzgitter AG

     5,818        97,679  

Scout24 AG(a)

     5,789        330,074  

Siltronic AG

     9,824        746,496  

Sixt SE

     2,634        252,556  

Software AG

     6,840      187,990  

Stroeer SE & Co. KGaA

     6,898        525,286  

Suedzucker AG

     24,825        381,876  

Takkt AG

     11,249        149,126  

TLG Immobilien AG

     12,946        352,137  

VERBIO Vereinigte BioEnergie AG

     7,097        65,534  

Wacker Chemie AG

     7,050        463,460  

Wacker Neuson SE

     7,066        123,254  

Wuestenrot & Wuerttembergische AG

     6,159        120,862  
     

 

 

 
Total Germany

 

     16,159,383  
Ireland – 1.1%

 

C&C Group PLC

     47,923        216,820  

Dalata Hotel Group PLC

     14,091        75,274  

Glanbia PLC

     18,546        230,495  

Hibernia REIT PLC

     66,285        106,228  

Irish Continental Group PLC

     22,182        101,084  

Origin Enterprises PLC

     20,039        111,854  

Total Produce PLC

     38,389        58,592  
     

 

 

 
Total Ireland

 

     900,347  
Italy – 22.1%

 

A2A SpA

     554,636        1,018,254  

ACEA SpA

     28,883        576,865  

Amplifon SpA

     5,738        140,750  

Anima Holding SpA(a)

     87,624        333,965  

Ascopiave SpA

     33,672        142,248  

ASTM SpA

     7,303        233,597  

Autogrill SpA

     19,891        192,673  

Avio SpA

     4,280        55,526  

Azimut Holding SpA

     40,548        761,217  

Banca Farmafactoring SpA(a)

     72,052        375,867  

Banca Generali SpA

     23,286        718,435  

Banca IFIS SpA

     18,992        316,995  

Banca Mediolanum SpA

     183,307        1,376,906  

Banca Popolare di Sondrio SCPA

     51,039        93,480  

Biesse SpA

     3,793        43,915  

BPER Banca

     69,482        268,607  

Brunello Cucinelli SpA

     2,731        85,092  

Buzzi Unicem SpA

     5,623        128,979  

Cairo Communication SpA

     31,239        80,033  

Cementir Holding SpA

     15,124        101,402  

Cerved Group SpA

     28,686        250,188  

Credito Emiliano SpA

     48,606        262,037  

Datalogic SpA(b)

     6,829        98,050  

De’ Longhi SpA

     11,967        225,703  

DiaSorin SpA

     1,896        220,551  

doValue SpA(a)

     12,028        133,490  

Enav SpA(a)

     82,911        468,218  

ERG SpA

     23,759        479,188  

Falck Renewables SpA

     17,924        75,896  

Fiera Milano SpA

     8,190        37,367  

Fincantieri SpA

     68,293        72,517  

FinecoBank Banca Fineco SpA

     76,648        811,551  

Freni Brembo SpA(b)

     28,680        279,526  

 

See Notes to Financial Statements.

 

14   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

September 30, 2019

 

 

 

Investments    Shares      Value  

Gamenet Group SpA(a)

     8,851      $ 104,985  

Gima TT SpA(a)(b)

     17,822        142,030  

Gruppo MutuiOnline SpA

     3,225        58,012  

Hera SpA

     159,469        654,731  

IMA Industria Macchine Automatiche SpA(b)

     4,170        291,862  

Immobiliare Grande Distribuzione SIIQ SpA

     35,826        219,503  

Infrastrutture Wireless Italiane SpA(a)

     57,988        601,840  

Interpump Group SpA

     3,586        113,374  

Iren SpA

     148,411        432,970  

Italgas SpA

     121,620        785,199  

Maire Tecnimont SpA(b)

     53,360        134,263  

MARR SpA

     9,644        211,329  

Piaggio & C. SpA

     52,942        156,645  

Prysmian SpA

     26,034        559,131  

RAI Way SpA(a)

     14,750        85,709  

Reply SpA

     1,187        69,686  

Rizzoli Corriere Della Sera Mediagroup SpA

     133,287        137,899  

SAES Getters SpA

     2,691        68,062  

Salvatore Ferragamo SpA(b)

     10,981        202,977  

Saras SpA

     228,403        390,938  

Societa Cattolica di Assicurazioni SC

     34,241        291,357  

Societa Iniziative Autostradali e Servizi SpA

     30,808        537,726  

Technogym SpA(a)

     14,159        157,449  

Tinexta SpA

     3,198        41,768  

Tod’s SpA

     2,805        137,916  

Unieuro SpA(a)

     6,326        80,828  

Unione di Banche Italiane SpA

     224,684        630,992  

Unipol Gruppo SpA

     116,543        620,792  

Zignago Vetro SpA

     10,044        111,690  
     

 

 

 
Total Italy

 

     18,490,751  
Netherlands – 7.9%

 

Aalberts N.V.

     9,742        386,170  

Accell Group N.V.

     2,527        61,160  

AMG Advanced Metallurgical Group N.V.(b)

     2,467        59,438  

Arcadis N.V.(b)

     9,680        180,881  

ASM International N.V.

     3,874        356,796  

ASR Nederland N.V.

     26,752        987,819  

BE Semiconductor Industries N.V.

     24,527        768,221  

Boskalis Westminster

     12,290        256,448  

Brunel International N.V.(b)

     4,400        50,175  

Corbion N.V.

     4,902        142,368  

Euronext N.V.(a)

     6,461        528,636  

ForFarmers N.V.

     18,158        114,618  

IMCD N.V.

     2,113        156,299  

Intertrust N.V.(a)

     12,478        244,047  

Koninklijke BAM Groep N.V.

     39,512        98,730  

Koninklijke Volkerwessels N.V.

     17,808        315,288  

PostNL N.V.(b)

     234,227        520,412  

SBM Offshore N.V.

     15,783        262,401  

Signify N.V.(a)

     23,575        648,448  

Sligro Food Group N.V.(b)

     4,229        119,641  

TKH Group N.V. CVA

     4,127        205,886  

Van Lanschot Kempen N.V.

     6,679        146,721  
     

 

 

 
Total Netherlands

 

     6,610,603  
Portugal – 3.2%

 

Altri, SGPS, S.A.

     34,038      226,175  

Corticeira Amorim, SGPS, S.A.

     8,396        91,258  

CTT-Correios de Portugal S.A.(b)

     31,367        72,633  

Mota-Engil, SGPS, S.A.(b)

     38,716        76,439  

Navigator Co. S.A. (The)

     211,591        757,080  

NOS, SGPS, S.A.

     120,889        660,284  

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

     130,569        364,406  

Semapa-Sociedade de Investimento e Gestao

     7,052        89,951  

Sonae, SGPS, S.A.

     383,015        357,016  
     

 

 

 
Total Portugal

 

     2,695,242  
Spain – 8.8%

 

Acciona S.A.

     6,173        653,464  

Acerinox S.A.

     36,971        316,320  

Almirall S.A.

     8,348        146,071  

Applus Services S.A.

     6,661        86,416  

Atresmedia Corp. de Medios de Comunicacion S.A.

     90,841        349,989  

Bolsas y Mercados Espanoles SHMSF S.A.

     22,964        580,319  

Cia de Distribucion Integral Logista Holdings S.A.

     27,743        540,788  

Cie Automotive S.A.

     12,378        310,373  

Construcciones y Auxiliar de Ferrocarriles S.A.

     2,236        101,530  

Ebro Foods S.A.

     14,987        299,654  

Ence Energia y Celulosa S.A.(b)

     65,811        250,398  

Euskaltel S.A.(a)

     24,437        217,126  

Faes Farma S.A.

     36,093        184,348  

Gestamp Automocion S.A.(a)

     57,478        268,196  

Grupo Catalana Occidente S.A.

     11,830        375,949  

Liberbank S.A.

     247,569        75,788  

Mediaset Espana Comunicacion S.A.

     57,951        373,636  

Melia Hotels International S.A.

     18,348        142,421  

Metrovacesa S.A.(a)

     18,378        177,116  

Prosegur Cash S.A.(a)

     207,733        298,488  

Prosegur Cia de Seguridad S.A.

     70,033        273,027  

Sacyr S.A.

     99,164        254,055  

Unicaja Banco S.A.(a)

     306,739        244,117  

Viscofan S.A.

     6,359        298,101  

Zardoya Otis S.A.

     79,415        539,382  
     

 

 

 
Total Spain

 

     7,357,072  
Sweden – 0.3%

 

Ahlstrom-Munksjo Oyj

     14,059        215,193  

TOTAL COMMON STOCKS

(Cost: $92,296,276)

 

 

     83,067,987  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8%

 

United States – 2.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $2,339,773)(d)      2,339,773        2,339,773  

TOTAL INVESTMENTS IN SECURITIES – 102.2%

(Cost: $94,636,049)

 

 

     85,407,760  

Other Assets less Liabilities – (2.2)%

 

     (1,813,621
     

 

 

 
NET ASSETS – 100.0%

 

   $ 83,594,139  

 

See Notes to Financial Statements.

 

WisdomTree Trust      15  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

September 30, 2019

 

 

 

 

*

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 September 30, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $4,056,958 and the total market value of the collateral held by the Fund was $4,329,122. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,989,349.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
   

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/2/2019       40,000       USD       36,698       EUR     $     $ (8

Bank of America N.A.

    10/3/2019       410,515       EUR       451,744       USD             (4,166

Bank of America N.A.

    10/3/2019       15,462,493       EUR       16,858,107       USD       382        

Bank of America N.A.

    10/3/2019       17,569,445       USD       15,916,039       EUR       216,463        

Bank of America N.A.

    11/5/2019       17,467,345       USD       15,981,921       EUR             (360

Barclays Bank PLC

    10/3/2019       17,569,445       USD       15,916,342       EUR       216,133        

Citibank N.A.

    10/3/2019       2,665,189       EUR       2,935,580       USD             (29,771

Citibank N.A.

    10/3/2019       15,462,195       EUR       16,858,107       USD       57        

Citibank N.A.

    10/3/2019       17,569,445       USD       15,916,645       EUR       215,803        

Citibank N.A.

    11/5/2019       17,467,345       USD       15,982,199       EUR             (663

Goldman Sachs

    10/3/2019       15,462,493       EUR       16,858,107       USD       382        

Goldman Sachs

    10/3/2019       17,569,445       USD       15,916,255       EUR       216,227        

Goldman Sachs

    11/5/2019       17,467,345       USD       15,982,228       EUR             (695

JP Morgan Chase Bank N.A.

    10/3/2019       15,462,451       EUR       16,858,107       USD       335        

JP Morgan Chase Bank N.A.

    11/5/2019       17,467,345       USD       15,982,009       EUR             (456

Morgan Stanley & Co. International

    10/3/2019       11,781,296       EUR       12,844,275       USD       668        

Morgan Stanley & Co. International

    11/5/2019       13,308,454       USD       12,177,560       EUR             (1,212

UBS AG

    10/3/2019       13,386,247       USD       12,126,663       EUR       164,757        
                                            $ 1,031,207     $ (37,331

 

CURRENCY LEGEND
EUR   Euro
USD   U.S. dollar

 

See Notes to Financial Statements.

 

16   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Germany Hedged Equity Fund (DXGE)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.2%

 

Germany – 98.2%

 

Aerospace & Defense – 0.4%

 

MTU Aero Engines AG

     646      $ 171,701  
Air Freight & Logistics – 3.6%

 

Deutsche Post AG Registered Shares

     44,503        1,486,809  
Airlines – 0.7%

 

Deutsche Lufthansa AG Registered Shares

     18,505        294,139  
Auto Components – 2.3%

 

Continental AG

     6,585        844,965  

Hella GmbH & Co. KGaA

     2,578        115,288  
     

 

 

 
Total Auto Components

 

     960,253  
Automobiles – 16.0%

 

Bayerische Motoren Werke AG

     29,073        2,047,205  

Daimler AG Registered Shares

     63,183        3,142,401  

Volkswagen AG

     8,473        1,456,716  
     

 

 

 
Total Automobiles

 

     6,646,322  
Banks – 0.5%

 

Commerzbank AG

     34,925        202,636  
Capital Markets – 2.0%

 

AURELIUS Equity Opportunities SE & Co. KGaA

     1,201        49,571  

Deutsche Boerse AG

     3,420        534,665  

DWS Group GmbH & Co. KGaA(a)

     7,969        235,613  
     

 

 

 
Total Capital Markets

 

     819,849  
Chemicals – 10.2%

 

BASF SE

     41,878        2,927,424  

Covestro AG(a)

     9,078        449,316  

Evonik Industries AG

     17,970        443,734  

Fuchs Petrolub SE

     1,821        66,208  

K+S AG Registered Shares

     2,960        41,031  

LANXESS AG

     1,618        98,781  

Symrise AG

     1,222        118,781  

Wacker Chemie AG

     1,627        106,957  
     

 

 

 
Total Chemicals

 

     4,252,232  
Commercial Services & Supplies – 0.1%

 

Bilfinger SE

     1,689        49,348  
Construction & Engineering – 0.8%

 

Hochtief AG

     2,790        318,157  
Construction Materials – 0.9%

 

HeidelbergCement AG

     5,098        368,596  
Diversified Financial Services – 0.1%

 

GRENKE AG

     454        37,418  
Diversified Telecommunication Services – 7.5%

 

Deutsche Telekom AG Registered Shares

     186,623        3,132,007  
Electrical Equipment – 0.4%

 

OSRAM Licht AG

     3,732        164,169  
Electronic Equipment, Instruments & Components – 0.1%

 

Jenoptik AG

     893        22,139  
Entertainment – 0.2%

 

CTS Eventim AG & Co. KGaA

     1,371      77,274  
Food & Staples Retailing – 0.5%

 

METRO AG

     14,281        225,441  
Food Products – 0.2%

 

Suedzucker AG

     5,908        90,881  
Health Care Equipment & Supplies – 1.6%

 

Carl Zeiss Meditec AG Bearer Shares

     525        59,868  

Siemens Healthineers AG(a)

     15,987        629,101  
     

 

 

 
Total Health Care Equipment & Supplies

 

     688,969  
Health Care Providers & Services – 1.7%

 

Fresenius Medical Care AG & Co. KGaA

     4,653        312,986  

Fresenius SE & Co. KGaA

     8,068        377,293  
     

 

 

 
Total Health Care Providers & Services

 

     690,279  
Health Care Technology – 0.1%

 

CompuGroup Medical SE

     426        25,636  
Hotels, Restaurants & Leisure – 1.2%

 

TUI AG

     42,096        489,450  
Household Products – 1.0%

 

Henkel AG & Co. KGaA

     4,685        429,037  
Independent Power & Renewable Electricity Producers – 0.8%

 

Uniper SE

     10,581        347,100  
Industrial Conglomerates – 7.2%

 

Indus Holding AG

     1,152        47,097  

Rheinmetall AG

     816        103,238  

Siemens AG Registered Shares

     26,759        2,866,214  
     

 

 

 
Total Industrial Conglomerates

 

     3,016,549  
Insurance – 14.6%

 

Allianz SE Registered Shares

     15,872        3,700,386  

Hannover Rueck SE

     3,773        637,977  

Muenchener Rueckversicherungs—Gesellschaft AG Registered Shares

     5,380        1,392,416  

Talanx AG

     8,411        363,486  
     

 

 

 
Total Insurance

 

     6,094,265  
IT Services – 0.2%

 

Bechtle AG

     444        45,186  

Wirecard AG

     171        27,358  
     

 

 

 
Total IT Services

 

     72,544  
Life Sciences Tools & Services – 0.1%

 

Gerresheimer AG

     568        40,746  
Machinery – 1.1%

 

Duerr AG

     2,070        53,732  

GEA Group AG

     5,370        145,013  

KION Group AG

     2,375        124,930  

Krones AG

     777        46,971  

NORMA Group SE

     1,039        36,043  

Pfeiffer Vacuum Technology AG

     214        29,070  

Wacker Neuson SE

     1,943        33,892  
     

 

 

 
Total Machinery

 

     469,651  

 

See Notes to Financial Statements.

 

WisdomTree Trust      17  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Germany Hedged Equity Fund (DXGE)

September 30, 2019

 

 

 

Investments    Shares      Value  
Marine – 0.1%

 

Hapag-Lloyd AG(a)

     811      $ 58,354  
Media – 1.1%

 

Axel Springer SE*

     3,117        214,084  

ProSiebenSat.1 Media SE

     16,404        226,049  
     

 

 

 
Total Media

 

     440,133  
Metals & Mining – 0.5%

 

Aurubis AG

     1,702        75,872  

Salzgitter AG

     1,175        19,727  

ThyssenKrupp AG

     7,159        99,160  
     

 

 

 
Total Metals & Mining

 

     194,759  
Multi-Utilities – 3.0%

 

E.ON SE

     82,016        797,482  

RWE AG

     14,829        463,819  
     

 

 

 
Total Multi-Utilities

 

     1,261,301  
Personal Products – 0.4%

 

Beiersdorf AG

     1,427        168,328  
Pharmaceuticals – 7.6%

 

Bayer AG Registered Shares

     42,576        3,002,674  

Merck KGaA

     1,527        172,050  
     

 

 

 
Total Pharmaceuticals

 

     3,174,724  
Real Estate Management & Development – 0.1%

 

PATRIZIA AG

     1,710        31,785  
Road & Rail – 0.1%

 

Sixt SE

     671        64,338  
Semiconductors & Semiconductor Equipment – 1.2%

 

Infineon Technologies AG

     17,858        321,468  

Siltronic AG

     2,243        170,439  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     491,907  
Software – 4.2%

 

Nemetschek SE

     716      36,547  

SAP SE

     13,989        1,645,257  

Software AG

     1,743        47,904  
     

 

 

 
Total Software

 

     1,729,708  
Specialty Retail – 0.4%

 

Fielmann AG

     2,129        156,786  
Textiles, Apparel & Luxury Goods – 2.2%

 

adidas AG

     2,149        669,232  

Hugo Boss AG

     3,009        161,232  

Puma SE

     955        73,921  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     904,385  
Thrifts & Mortgage Finance – 0.3%

 

Aareal Bank AG

     4,000        121,623  
Trading Companies & Distributors – 0.4%

 

Brenntag AG

     3,777        182,825  
Transportation Infrastructure – 0.5%

 

Fraport AG Frankfurt Airport Services Worldwide

     2,092        177,484  

Hamburger Hafen und Logistik AG

     2,059        51,314  
     

 

 

 
Total Transportation Infrastructure

 

     228,798  

TOTAL INVESTMENTS IN SECURITIES – 98.2%

(Cost: $48,337,444)

 

 

     40,893,351  

Other Assets less Liabilities – 1.8%

 

     728,497  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 41,621,848  

 

* 

Non-income producing security.

 

(a) 

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

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
   

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/2/2019       17,000       USD       15,596       EUR     $     $ (3

Bank of America N.A.

    10/3/2019       1,285,985       EUR       1,415,139       USD             (13,052

Bank of America N.A.

    10/3/2019       7,632,151       EUR       8,321,014       USD       188        

Bank of America N.A.

    10/3/2019       8,618,193       USD       7,807,162       EUR       106,180        

Bank of America N.A.

    11/5/2019       8,702,886       USD       7,962,792       EUR             (179

Barclays Bank PLC

    10/3/2019       8,618,193       USD       7,807,310       EUR       106,018        

Citibank N.A.

    10/3/2019       7,632,004       EUR       8,321,014       USD       28        

Citibank N.A.

    10/3/2019       8,618,193       USD       7,807,459       EUR       105,856        

Citibank N.A.

    11/5/2019       8,702,886       USD       7,962,931       EUR             (331

Goldman Sachs

    10/3/2019       7,632,151       EUR       8,321,014       USD       188        

Goldman Sachs

    10/3/2019       8,618,193       USD       7,807,268       EUR       106,064        

Goldman Sachs

    11/5/2019       8,702,886       USD       7,962,945       EUR             (346

JP Morgan Chase Bank N.A.

    10/3/2019       7,632,130       EUR       8,321,014       USD       166        

JP Morgan Chase Bank N.A.

    11/5/2019       8,702,886       USD       7,962,836       EUR             (227

Royal Bank of Canada

    10/3/2019       5,814,896       EUR       6,339,824       USD       56        

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Germany Hedged Equity Fund (DXGE)

September 30, 2019

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
   

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Royal Bank of Canada

    11/5/2019       6,630,774       USD       6,066,998       EUR     $     $ (252

UBS AG

    10/3/2019       6,566,247       USD       5,948,393       EUR       80,817        
                                            $ 505,561     $ (14,390

 

CURRENCY LEGEND
EUR   Euro
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.3%      
Australia – 3.5%      

Altium Ltd.

     10,121      $ 227,651  

Aristocrat Leisure Ltd.

     66,819        1,379,021  

Beach Energy Ltd.

     179,481        306,259  

BlueScope Steel Ltd.

     58,637        474,968  

carsales.com Ltd.

     51,562        531,725  

Cochlear Ltd.

     6,321        887,384  

Computershare Ltd.

     79,303        863,797  

Corporate Travel Management Ltd.(a)

     6,662        84,831  

CSL Ltd.

     38,175        6,016,845  

Domino’s Pizza Enterprises Ltd.(a)

     13,777        431,608  

IDP Education Ltd.

     14,902        156,489  

Invocare Ltd.(a)

     17,663        165,231  

Magellan Financial Group Ltd.(a)

     45,915        1,592,961  

NIB Holdings Ltd.

     99,649        490,620  

Northern Star Resources Ltd.

     59,668        444,283  

Pendal Group Ltd.

     132,363        659,722  

Reece Ltd.

     54,516        398,568  

Regis Resources Ltd.

     105,906        349,999  

St Barbara Ltd.

     156,636        306,365  

Technology One Ltd.

     51,783        250,762  

Viva Energy Group Ltd.(a)(b)

     316,040        415,649  

Webjet Ltd.(a)

     14,169        104,259  
     

 

 

 
Total Australia               16,538,997  
Austria – 0.0%      

S IMMO AG

     6,770        155,732  
Belgium – 0.4%      

bpost S.A.

     173,212        1,816,977  
China – 2.4%      

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     159,000        239,735  

China Overseas Land & Investment Ltd.

     2,308,000        7,257,213  

CSPC Pharmaceutical Group Ltd.

     628,000        1,260,903  

Guangdong Investment Ltd.

     1,330,000        2,602,521  
     

 

 

 
Total China               11,360,372  
Denmark – 6.2%      

Ambu A/S Class B(a)

     3,865        64,054  

Chr Hansen Holding A/S

     7,729        656,145  

Coloplast A/S Class B

     28,921        3,483,924  

DFDS A/S(a)

     6,316        229,269  

DSV A/S

     8,025        763,767  

GN Store Nord A/S

     5,946        241,450  

Novo Nordisk A/S Class B

     306,769        15,773,953  

Novozymes A/S Class B

     27,127        1,140,763  

Orsted A/S(b)

     47,448        4,410,481  

Rockwool International A/S Class B

     1,232        246,452  

Royal Unibrew A/S

     10,445        861,399  

SimCorp A/S

     4,758        417,889  

Vestas Wind Systems A/S

     16,406        1,273,950  
     

 

 

 
Total Denmark               29,563,496  
Finland – 3.0%      

DNA Oyj

     31,734      $ 722,373  

Kone Oyj Class B

     97,744        5,566,720  

Metsa Board Oyj(a)

     171,461        1,019,685  

Neste Oyj(a)

     113,436        3,755,795  

Nokian Renkaat Oyj

     56,017        1,580,485  

Wartsila Oyj Abp(a)

     144,746        1,621,416  
     

 

 

 
Total Finland               14,266,474  
France – 5.9%      

Alten S.A.

     1,809        206,684  

Cie Plastic Omnium S.A.

     39,142        1,073,643  

Gaztransport Et Technigaz S.A.

     8,733        864,957  

Hermes International

     5,318        3,675,731  

Ipsen S.A.

     6,723        638,392  

Kering S.A.

     18,211        9,282,565  

Rubis SCA

     22,872        1,329,038  

Safran S.A.

     41,993        6,613,031  

Sartorius Stedim Biotech

     2,634        368,712  

Teleperformance

     3,973        861,508  

Trigano S.A.

     4,052        325,790  

Valeo S.A.

     82,694        2,682,051  
     

 

 

 
Total France               27,922,102  
Germany – 8.0%      

adidas AG

     17,854        5,560,014  

Bechtle AG

     3,924        399,346  

CANCOM SE

     1,763        95,140  

CTS Eventim AG & Co. KGaA

     13,530        762,596  

Dermapharm Holding SE

     7,341        288,834  

Deutsche Wohnen SE Bearer Shares

     55,858        2,039,420  

Fuchs Petrolub SE

     15,028        546,391  

Hochtief AG

     22,829        2,603,303  

Hugo Boss AG

     23,816        1,276,141  

Infineon Technologies AG

     146,619        2,639,344  

MTU Aero Engines AG

     4,829        1,283,504  

Nemetschek SE

     5,844        298,296  

NORMA Group SE

     8,478        294,103  

SAP SE

     109,411        12,867,911  

Siemens Healthineers AG(b)

     127,009        4,997,901  

Siltronic AG

     16,041        1,218,906  

Sixt SE

     4,786        458,896  

Wirecard AG

     759        121,430  
     

 

 

 
Total Germany               37,751,476  
Hong Kong – 1.1%      

Galaxy Entertainment Group Ltd.

     575,000        3,575,688  

Melco International Development Ltd.

     44,000        104,620  

Techtronic Industries Co., Ltd.

     196,000        1,363,854  

Vitasoy International Holdings Ltd.

     80,000        324,005  
     

 

 

 
Total Hong Kong               5,368,167  
Ireland – 0.4%      

Hibernia REIT PLC

     84,378        135,224  

Kerry Group PLC Class A

     8,992        1,051,870  

Kingspan Group PLC

     11,390        556,298  
     

 

 

 
Total Ireland               1,743,392  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2019

 

 

 

Investments    Shares      Value  
Israel – 0.4%      

Israel Chemicals Ltd.

     334,298      $ 1,660,045  
Italy – 1.5%      

Amplifon SpA

     8,854        217,184  

Brunello Cucinelli SpA

     5,542        172,677  

De’ Longhi SpA

     24,099        454,518  

DiaSorin SpA

     5,026        584,646  

Ferrari N.V.

     9,820        1,515,401  

Freni Brembo SpA(a)

     47,700        464,903  

IMA Industria Macchine Automatiche SpA(a)

     8,057        563,916  

Interpump Group SpA

     7,337        231,965  

Moncler SpA

     20,983        748,034  

Recordati SpA

     34,660        1,487,270  

Reply SpA

     1,715        100,683  

Salvatore Ferragamo SpA(a)

     20,182        373,051  

Technogym SpA(b)

     29,450        327,485  
     

 

 

 
Total Italy               7,241,733  
Japan – 18.9%      

Advantest Corp.

     47,600        2,103,077  

Ain Holdings, Inc.(a)

     2,200        128,041  

Asahi Intecc Co., Ltd.

     12,200        320,253  

Astellas Pharma, Inc.

     350,200        4,985,267  

Bandai Namco Holdings, Inc.(a)

     40,800        2,540,680  

Benefit One, Inc.(a)

     15,700        296,640  

Chugai Pharmaceutical Co., Ltd.

     47,400        3,684,108  

Daifuku Co., Ltd.(a)

     12,700        654,536  

Daito Trust Construction Co., Ltd.

     22,700        2,900,643  

Disco Corp.(a)

     4,600        870,840  

Elecom Co., Ltd.

     3,900        153,005  

en-japan, Inc.

     4,550        174,085  

Fast Retailing Co., Ltd.

     5,100        3,030,035  

Funai Soken Holdings, Inc.

     3,300        75,053  

GMO Payment Gateway, Inc.

     1,500        100,347  

Harmonic Drive Systems, Inc.(a)

     4,800        208,744  

Haseko Corp.(a)

     142,800        1,662,201  

Hikari Tsushin, Inc.

     5,800        1,254,721  

Hoya Corp.

     31,000        2,529,623  

Infocom Corp.

     2,600        60,673  

Japan Lifeline Co., Ltd.(a)

     8,800        141,028  

Japan Material Co., Ltd.

     6,100        75,068  

JINS Holdings, Inc.

     900        53,380  

Kakaku.com, Inc.

     26,200        644,364  

Kaken Pharmaceutical Co., Ltd.

     8,800        407,939  

Kao Corp.

     50,800        3,752,831  

Keyence Corp.

     2,500        1,547,536  

Kobe Bussan Co., Ltd.

     1,500        72,727  

Konami Holdings Corp.

     24,300        1,173,685  

Kose Corp.(a)

     4,000        675,457  

Koshidaka Holdings Co., Ltd.

     5,900        93,679  

Kotobuki Spirits Co., Ltd.

     1,000        65,603  

Kusuri no Aoki Holdings Co., Ltd.(a)

     800        54,481  

Lasertec Corp.

     3,900        243,942  

M3, Inc.

     16,700        402,067  

Maruwa Unyu Kikan Co., Ltd.(a)

     2,400      59,536  

McDonald’s Holdings Co., Japan Ltd.

     4,600        222,605  

Meitec Corp.

     12,600        616,738  

Miroku Jyoho Service Co., Ltd.

     1,400        38,188  

Mixi, Inc.(a)

     32,800        689,839  

MonotaRO Co., Ltd.(a)

     10,800        282,404  

Murata Manufacturing Co., Ltd.

     93,620        4,491,508  

Nidec Corp.

     14,500        1,948,092  

Nihon M&A Center, Inc.(a)

     10,100        284,099  

Nintendo Co., Ltd.

     21,200        7,850,326  

Nippon Shinyaku Co., Ltd.(a)

     3,400        285,968  

Nissan Chemical Corp.

     16,700        694,578  

Obic Co., Ltd.

     6,600        752,366  

Open House Co., Ltd.(a)

     19,600        466,809  

Oracle Corp.

     13,300        1,153,097  

Outsourcing, Inc.

     16,200        154,093  

Pigeon Corp.(a)

     12,300        507,023  

Pilot Corp.

     4,400        162,850  

Recruit Holdings Co., Ltd.

     90,900        2,763,797  

Relo Group, Inc.

     6,300        154,359  

Round One Corp.

     7,400        110,581  

SCSK Corp.

     11,700        548,869  

Seria Co., Ltd.

     11,900        288,815  

Shimano, Inc.

     5,500        828,499  

Shin-Etsu Chemical Co., Ltd.

     63,000        6,738,654  

Shionogi & Co., Ltd.

     32,200        1,787,349  

Showa Denko K.K.

     40,800        1,066,482  

Sysmex Corp.(a)

     11,900        796,306  

Systena Corp.(a)

     8,700        129,282  

TechnoPro Holdings, Inc.

     7,000        414,527  

Toei Animation Co., Ltd.

     5,200        236,003  

Tokai Carbon Co., Ltd.(a)

     35,600        358,059  

Tokuyama Corp.

     11,400        261,280  

Tokyo Electron Ltd.(a)

     58,200        11,074,559  

Tosho Co., Ltd.

     2,600        57,257  

Trend Micro, Inc.

     33,700        1,602,757  

Ulvac, Inc.

     11,000        441,730  

United Arrows Ltd.

     4,900        143,271  

Universal Entertainment Corp.(a)

     8,800        284,173  

USS Co., Ltd.(a)

     53,200        1,032,250  

Workman Co., Ltd.

     3,000        217,627  

ZOZO, Inc.(a)

     25,500        587,981  
     

 

 

 
Total Japan               89,720,945  
Kazakhstan – 0.0%      

KAZ Minerals PLC

     41,284        220,438  
Netherlands – 3.5%      

ASM International N.V.

     7,299        672,238  

ASML Holding N.V.

     36,123        8,949,398  

Corbion N.V.

     11,940        346,773  

Euronext N.V.(b)

     11,381        931,188  

Koninklijke DSM N.V.

     27,445        3,303,227  

TKH Group N.V. CVA

     7,896        393,912  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2019

 

 

 

Investments    Shares      Value  

Wolters Kluwer N.V.

     26,776      $ 1,955,226  
     

 

 

 
Total Netherlands

 

     16,551,962  
New Zealand – 0.4%      

Fisher & Paykel Healthcare Corp., Ltd.

     77,396        839,589  

Mainfreight Ltd.

     20,341        508,918  

Ryman Healthcare Ltd.

     44,241        368,682  
     

 

 

 
Total New Zealand               1,717,189  
Norway – 3.3%      

Borregaard ASA

     20,560        219,495  

DNO ASA

     247,423        357,276  

Grieg Seafood ASA

     28,734        351,666  

Mowi ASA

     166,035        3,835,674  

Salmar ASA

     50,465        2,216,118  

Telenor ASA

     436,095        8,761,785  
     

 

 

 
Total Norway               15,742,014  
Portugal – 0.4%      

Altri, SGPS, S.A.

     15,835        105,220  

Jeronimo Martins, SGPS, S.A.

     111,568        1,882,854  
     

 

 

 
Total Portugal               1,988,074  
Singapore – 0.8%      

First Resources Ltd.

     270,200        312,618  

SATS Ltd.

     259,700        908,922  

Sheng Siong Group Ltd.

     512,800        411,605  

Singapore Technologies Engineering Ltd.

     739,200        2,052,591  
     

 

 

 
Total Singapore               3,685,736  
Spain – 6.0%      

Amadeus IT Group S.A.

     53,000        3,797,341  

Cie Automotive S.A.

     24,372        611,118  

Ence Energia y Celulosa S.A.(a)

     128,201        487,779  

Faes Farma S.A.

     83,135        424,619  

Grifols S.A.

     48,593        1,432,473  

Industria de Diseno Textil S.A.

     687,226        21,277,669  

Prosegur Cash S.A.(b)

     389,303        559,383  
     

 

 

 
Total Spain               28,590,382  
Sweden – 2.7%      

AAK AB

     18,971        368,242  

AddTech AB Class B

     8,829        229,881  

Alfa Laval AB

     70,666        1,396,480  

Atlas Copco AB Class B

     72,296        1,961,786  

Beijer Ref AB

     13,130        298,866  

Bonava AB Class B

     31,344        355,452  

Epiroc AB Class A

     71,768        778,837  

Epiroc AB Class B

     18,836        194,832  

Evolution Gaming Group AB(b)

     20,257        398,871  

Fagerhult AB

     21,623        117,218  

Hexpol AB

     56,494        434,099  

Indutrade AB

     18,044        506,516  

Lifco AB Class B

     8,258        389,880  

Loomis AB Class B

     9,499        334,276  

Mycronic AB

     21,095        261,538  

Nolato AB Class B

     4,385        234,366  

Paradox Interactive AB(a)

     2,459        33,213  

Sandvik AB

     221,393      3,453,021  

Sectra AB Class B*(a)

     1,561        51,599  

Sweco AB Class B

     18,432        524,157  

Thule Group AB(b)

     17,440        330,631  
     

 

 

 
Total Sweden               12,653,761  
Switzerland – 6.8%      

Givaudan S.A. Registered Shares

     1,244        3,473,195  

Kuehne + Nagel International AG Registered Shares

     36,574        5,391,744  

Logitech International S.A. Registered Shares

     21,351        866,759  

Partners Group Holding AG

     5,651        4,339,905  

Roche Holding AG Bearer Shares

     28,116        8,143,109  

Schindler Holding AG Participation Certificate

     4,237        948,401  

Schindler Holding AG Registered Shares

     9,632        2,150,211  

SFS Group AG

     6,915        552,007  

SGS S.A. Registered Shares

     1,448        3,592,591  

Sonova Holding AG Registered Shares

     5,468        1,272,202  

Straumann Holding AG Registered Shares

     1,112        909,762  

Temenos AG Registered Shares*

     3,468        580,811  
     

 

 

 
Total Switzerland               32,220,697  
United Kingdom – 22.7%      

Abcam PLC

     2,970        41,906  

Ashmore Group PLC

     111,867        697,539  

Ashtead Group PLC

     46,100        1,286,156  

Barratt Developments PLC

     390,835        3,120,935  

Brewin Dolphin Holdings PLC

     97,509        380,668  

British American Tobacco PLC

     479,657        17,776,764  

Compass Group PLC

     154,796        3,992,503  

Countryside Properties PLC(b)

     103,712        429,422  

Croda International PLC

     16,505        988,480  

Diageo PLC

     263,549        10,824,628  

Diploma PLC

     15,421        316,025  

Diversified Gas & Oil PLC

     206,682        280,164  

Domino’s Pizza Group PLC

     90,757        285,080  

Dunelm Group PLC

     35,553        367,144  

Electrocomponents PLC

     52,330        415,162  

Euromoney Institutional Investor PLC

     17,754        323,798  

Evraz PLC

     739,325        4,260,163  

FDM Group Holdings PLC

     9,410        85,694  

Ferrexpo PLC

     84,899        168,597  

Fresnillo PLC(a)

     88,866        748,607  

Games Workshop Group PLC

     5,040        293,149  

Gamma Communications PLC(a)

     10,540        143,522  

Greggs PLC

     13,125        338,035  

Halma PLC

     8,054        195,621  

Hargreaves Lansdown PLC

     50,838        1,302,445  

Hays PLC

     414,799        770,824  

Hill & Smith Holdings PLC

     12,477        192,193  

HomeServe PLC

     36,574        534,532  

Howden Joinery Group PLC

     72,846        503,060  

Intertek Group PLC

     10,180        687,205  

JD Sports Fashion PLC

     19,589        181,384  

John Laing Group PLC(b)

     53,134        240,301  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2019

 

 

 

Investments    Shares      Value  

Marshalls PLC

     46,489      $ 379,249  

Moneysupermarket.com Group PLC

     85,275        397,639  

Next PLC

     20,508        1,563,326  

NMC Health PLC(a)

     7,082        236,506  

Pagegroup PLC

     87,855        475,494  

RELX PLC

     185,866        4,426,248  

Renishaw PLC

     7,624        344,235  

Rightmove PLC

     32,968        223,689  

Rio Tinto PLC

     288,749        14,976,685  

Rotork PLC

     67,970        260,911  

Safestore Holdings PLC

     30,878        254,371  

Softcat PLC

     28,280        349,191  

Spirax-Sarco Engineering PLC

     5,553        536,830  

SSP Group PLC

     38,121        291,254  

Unilever N.V.

     335,916        20,196,789  

Unilever PLC

     155,600        9,376,370  

Unite Group PLC (The)

     43,219        581,586  

WH Smith PLC

     13,248        324,388  
     

 

 

 
Total United Kingdom               107,366,467  

TOTAL COMMON STOCKS

(Cost: $450,853,356)

 

 

     465,846,628  
EXCHANGE-TRADED FUND – 0.5%      
United States – 0.5%

 

WisdomTree International Quality Dividend Growth Fund(c)

     
(Cost: $2,245,332)      77,558        2,232,895  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8%

 

United States – 2.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(d)

     
(Cost: $13,041,841)(e)      13,041,841      $ 13,041,841  

TOTAL INVESTMENTS IN SECURITIES – 101.6%

(Cost: $466,140,529)

 

 

     481,121,364  

Other Assets less Liabilities – (1.6)%

 

     (7,381,479
     

 

 

 
NET ASSETS – 100.0%

 

   $ 473,739,885  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(e) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $18,298,463 and the total market value of the collateral held by the Fund was $19,314,433. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,272,592.

 

CVA

– Certificaten Van Aandelen (Certificate of Stock)

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and
Description of
Currency to

be Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/3/2019       5,136,756       AUD       3,464,526       USD     $ 90     $  

Bank of America N.A.

    10/3/2019       6,656,038       CHF       6,675,537       USD       99        

Bank of America N.A.

    10/3/2019       43,317,774       DKK       6,325,289       USD       315        

Bank of America N.A.

    10/3/2019       30,123,020       EUR       32,841,863       USD       744        

Bank of America N.A.

    10/3/2019       14,674,558       GBP       18,083,737       USD       448        

Bank of America N.A.

    10/3/2019       1,953,397,060       JPY       18,075,194       USD       411        

Bank of America N.A.

    10/3/2019       31,781,562       NOK       3,498,124       USD             (175

Bank of America N.A.

    10/3/2019       513,286       NZD       321,854       USD       9        

Bank of America N.A.

    10/3/2019       24,983,081       SEK       2,541,003       USD       120        

Bank of America N.A.

    10/3/2019       1,068,992       SGD       772,982       USD       32        

Bank of America N.A.

    10/3/2019       3,341,671       USD       4,955,102       AUD             (424

Bank of America N.A.

    10/3/2019       6,438,816       USD       6,353,366       CHF       66,743        

Bank of America N.A.

    10/3/2019       6,100,988       USD       41,207,281       DKK       83,575        

Bank of America N.A.

    10/3/2019       31,677,258       USD       28,696,210       EUR       390,277        

Bank of America N.A.

    10/3/2019       17,442,470       USD       14,302,898       GBP             (183,700

Bank of America N.A.

    10/3/2019       17,434,230       USD       1,846,370,384       JPY       348,988        

Bank of America N.A.

    10/3/2019       3,374,077       USD       30,703,173       NOK             (5,182

Bank of America N.A.

    10/3/2019       310,441       USD       491,810       NZD       2,045        

Bank of America N.A.

    10/3/2019       2,450,896       USD       23,985,007       SEK       11,290        

Bank of America N.A.

    10/3/2019       745,571       USD       1,033,884       SGD             (2,056

Bank of America N.A.

    10/4/2019       28,495,625       HKD       3,635,228       USD             (241

Bank of America N.A.

    10/4/2019       1,114,483       ILS       320,655       USD       4        

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2019

 

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and
Description of
Currency to

be Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/4/2019       3,506,319       USD       27,475,989       HKD     $ 1,400     $  

Bank of America N.A.

    10/4/2019       309,284       USD       1,090,057       ILS             (4,347

Bank of America N.A.

    11/5/2019       3,561,973       USD       5,275,239       AUD             (184

Bank of America N.A.

    11/5/2019       6,879,914       USD       6,840,513       CHF       582        

Bank of America N.A.

    11/5/2019       6,348,304       USD       43,361,310       DKK             (551

Bank of America N.A.

    11/5/2019       33,704,573       USD       30,838,335       EUR             (694

Bank of America N.A.

    11/5/2019       18,526,756       USD       15,014,455       GBP             (843

Bank of America N.A.

    11/5/2019       3,586,117       USD       28,099,884       HKD             (366

Bank of America N.A.

    11/5/2019       354,834       USD       1,231,560       ILS             (98

Bank of America N.A.

    11/5/2019       3,377,605       USD       30,668,900       NOK       194        

Bank of America N.A.

    11/5/2019       332,643       USD       530,090       NZD             (7

Bank of America N.A.

    11/5/2019       2,696,658       USD       26,457,098       SEK             (186

Bank of America N.A.

    11/5/2019       772,134       USD       1,067,459       SGD             (64

Bank of America N.A.

    11/6/2019       19,206,069       USD       2,071,057,641       JPY             (701

Barclays Bank PLC

    10/3/2019       3,341,671       USD       4,955,190       AUD             (483

Barclays Bank PLC

    10/3/2019       6,438,816       USD       6,353,405       CHF       66,704        

Barclays Bank PLC

    10/3/2019       6,100,988       USD       41,207,049       DKK       83,609        

Barclays Bank PLC

    10/3/2019       31,677,258       USD       28,696,756       EUR       389,682        

Barclays Bank PLC

    10/3/2019       17,442,470       USD       14,303,121       GBP             (183,975

Barclays Bank PLC

    10/3/2019       17,434,230       USD       1,846,440,121       JPY       348,343        

Barclays Bank PLC

    10/3/2019       3,374,077       USD       30,702,481       NOK             (5,106

Barclays Bank PLC

    10/3/2019       310,441       USD       492,650       NZD       1,518        

Barclays Bank PLC

    10/3/2019       2,450,896       USD       23,986,275       SEK       11,161        

Barclays Bank PLC

    10/3/2019       745,571       USD       1,033,913       SGD             (2,077

Barclays Bank PLC

    10/4/2019       3,506,319       USD       27,472,746       HKD       1,813        

Barclays Bank PLC

    10/4/2019       309,284       USD       1,090,235       ILS             (4,398

Canadian Imperial Bank of Commerce

    10/3/2019       117,005       USD       173,230       AUD       165        

Canadian Imperial Bank of Commerce

    10/3/2019       225,449       USD       222,834       CHF       1,959        

Canadian Imperial Bank of Commerce

    10/3/2019       213,620       USD       1,454,383       DKK       1,240        

Canadian Imperial Bank of Commerce

    10/3/2019       1,109,148       USD       1,011,646       EUR       6,168        

Canadian Imperial Bank of Commerce

    10/3/2019       610,731       USD       493,189       GBP       2,950        

Canadian Imperial Bank of Commerce

    10/3/2019       610,442       USD       65,711,517       JPY       2,386        

Canadian Imperial Bank of Commerce

    10/3/2019       118,140       USD       1,068,602       NOK       527        

Canadian Imperial Bank of Commerce

    10/3/2019       10,870       USD       17,306       NZD       18        

Canadian Imperial Bank of Commerce

    10/3/2019       85,816       USD       835,137       SEK       871        

Canadian Imperial Bank of Commerce

    10/3/2019       26,105       USD       35,983       SGD       85        

Canadian Imperial Bank of Commerce

    10/4/2019       122,770       USD       962,099       HKD       42        

Canadian Imperial Bank of Commerce

    10/4/2019       10,829       USD       37,919       ILS             (81

Citibank N.A.

    10/3/2019       5,136,550       AUD       3,464,526       USD             (49

Citibank N.A.

    10/3/2019       6,655,951       CHF       6,675,537       USD       11        

Citibank N.A.

    10/3/2019       43,315,914       DKK       6,325,289       USD       44        

Citibank N.A.

    10/3/2019       30,122,439       EUR       32,841,863       USD       111        

Citibank N.A.

    10/3/2019       14,673,856       GBP       18,083,737       USD             (418

Citibank N.A.

    10/3/2019       1,953,351,872       JPY       18,075,194       USD             (7

Citibank N.A.

    10/3/2019       31,782,325       NOK       3,498,124       USD             (91

Citibank N.A.

    10/3/2019       513,274       NZD       321,854       USD       1        

Citibank N.A.

    10/3/2019       24,981,990       SEK       2,541,003       USD       10        

Citibank N.A.

    10/3/2019       1,068,972       SGD       772,982       USD       18        

Citibank N.A.

    10/3/2019       3,341,671       USD       4,955,322       AUD             (572

Citibank N.A.

    10/3/2019       6,438,816       USD       6,353,148       CHF       66,963        

Citibank N.A.

    10/3/2019       6,100,988       USD       41,206,286       DKK       83,720        

Citibank N.A.

    10/3/2019       31,677,258       USD       28,697,302       EUR       389,087        

Citibank N.A.

    10/3/2019       17,442,470       USD       14,303,226       GBP             (184,105

Citibank N.A.

    10/3/2019       17,434,230       USD       1,846,461,042       JPY       348,149        

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2019

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and
Description of
Currency to

be Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Citibank N.A.

    10/3/2019       3,374,077       USD       30,702,410       NOK     $     $ (5,098

Citibank N.A.

    10/3/2019       310,441       USD       491,802       NZD       2,050        

Citibank N.A.

    10/3/2019       2,450,896       USD       23,986,380       SEK       11,151        

Citibank N.A.

    10/3/2019       745,571       USD       1,033,892       SGD             (2,062

Citibank N.A.

    10/4/2019       28,496,654       HKD       3,635,228       USD             (110

Citibank N.A.

    10/4/2019       1,114,435       ILS       320,655       USD             (10

Citibank N.A.

    10/4/2019       3,506,319       USD       27,474,871       HKD       1,542        

Citibank N.A.

    10/4/2019       309,284       USD       1,090,158       ILS             (4,376

Citibank N.A.

    11/5/2019       3,561,973       USD       5,275,356       AUD             (263

Citibank N.A.

    11/5/2019       6,879,914       USD       6,840,664       CHF       430        

Citibank N.A.

    11/5/2019       6,348,304       USD       43,361,157       DKK             (528

Citibank N.A.

    11/5/2019       33,704,573       USD       30,838,871       EUR             (1,280

Citibank N.A.

    11/5/2019       18,526,756       USD       15,013,785       GBP             (17

Citibank N.A.

    11/5/2019       3,586,117       USD       28,097,445       HKD             (55

Citibank N.A.

    11/5/2019       354,834       USD       1,231,294       ILS             (22

Citibank N.A.

    11/5/2019       3,377,605       USD       30,671,234       NOK             (63

Citibank N.A.

    11/5/2019       332,643       USD       530,124       NZD             (28

Citibank N.A.

    11/5/2019       2,696,658       USD       26,456,634       SEK             (139

Citibank N.A.

    11/5/2019       772,134       USD       1,067,437       SGD             (49

Citibank N.A.

    11/6/2019       19,206,069       USD       2,071,059,562       JPY             (719

Goldman Sachs

    10/3/2019       5,136,725       AUD       3,464,526       USD       69        

Goldman Sachs

    10/3/2019       6,655,978       CHF       6,675,537       USD       38        

Goldman Sachs

    10/3/2019       43,316,142       DKK       6,325,289       USD       77        

Goldman Sachs

    10/3/2019       30,123,020       EUR       32,841,863       USD       744        

Goldman Sachs

    10/3/2019       14,674,439       GBP       18,083,737       USD       302        

Goldman Sachs

    10/3/2019       1,953,393,445       JPY       18,075,194       USD       378        

Goldman Sachs

    10/3/2019       31,782,160       NOK       3,498,124       USD             (109

Goldman Sachs

    10/3/2019       513,282       NZD       321,854       USD       6        

Goldman Sachs

    10/3/2019       24,982,316       SEK       2,541,003       USD       43        

Goldman Sachs

    10/3/2019       1,068,979       SGD       772,982       USD       23        

Goldman Sachs

    10/3/2019       3,341,671       USD       4,955,146       AUD             (454

Goldman Sachs

    10/3/2019       6,438,816       USD       6,353,360       CHF       66,749        

Goldman Sachs

    10/3/2019       6,100,988       USD       41,207,159       DKK       83,592        

Goldman Sachs

    10/3/2019       31,677,258       USD       28,696,600       EUR       389,852        

Goldman Sachs

    10/3/2019       17,442,470       USD       14,303,097       GBP             (183,946

Goldman Sachs

    10/3/2019       17,434,230       USD       1,846,394,792       JPY       348,762        

Goldman Sachs

    10/3/2019       3,374,077       USD       30,702,822       NOK             (5,144

Goldman Sachs

    10/3/2019       310,441       USD       491,806       NZD       2,048        

Goldman Sachs

    10/3/2019       2,450,896       USD       23,986,049       SEK       11,184        

Goldman Sachs

    10/3/2019       745,571       USD       1,033,939       SGD             (2,096

Goldman Sachs

    10/4/2019       28,497,043       HKD       3,635,228       USD             (60

Goldman Sachs

    10/4/2019       1,114,452       ILS       320,655       USD             (5

Goldman Sachs

    10/4/2019       3,506,319       USD       27,476,220       HKD       1,370        

Goldman Sachs

    10/4/2019       309,284       USD       1,089,929       ILS             (4,310

Goldman Sachs

    11/5/2019       3,561,973       USD       5,275,231       AUD             (178

Goldman Sachs

    11/5/2019       6,879,914       USD       6,840,822       CHF       271        

Goldman Sachs

    11/5/2019       6,348,304       USD       43,360,084       DKK             (371

Goldman Sachs

    11/5/2019       33,704,573       USD       30,838,927       EUR             (1,342

Goldman Sachs

    11/5/2019       18,526,756       USD       15,014,357       GBP             (723

Goldman Sachs

    11/5/2019       3,586,117       USD       28,101,161       HKD             (529

Goldman Sachs

    11/5/2019       354,834       USD       1,231,281       ILS             (18

Goldman Sachs

    11/5/2019       3,377,605       USD       30,670,254       NOK       44        

Goldman Sachs

    11/5/2019       332,643       USD       530,097       NZD             (11

Goldman Sachs

    11/5/2019       2,696,658       USD       26,456,337       SEK             (109

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2019

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and
Description of
Currency to

be Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Goldman Sachs

    11/5/2019       772,134       USD       1,067,484       SGD     $     $ (82

Goldman Sachs

    11/6/2019       19,206,069       USD       2,071,055,720       JPY             (683

JP Morgan Chase Bank N.A.

    10/3/2019       5,136,702       AUD       3,464,526       USD       54        

JP Morgan Chase Bank N.A.

    10/3/2019       6,656,038       CHF       6,675,537       USD       99        

JP Morgan Chase Bank N.A.

    10/3/2019       43,316,572       DKK       6,325,289       USD       140        

JP Morgan Chase Bank N.A.

    10/3/2019       30,122,937       EUR       32,841,863       USD       653        

JP Morgan Chase Bank N.A.

    10/3/2019       14,674,499       GBP       18,083,737       USD       375        

JP Morgan Chase Bank N.A.

    10/3/2019       1,953,388,023       JPY       18,075,194       USD       327        

JP Morgan Chase Bank N.A.

    10/3/2019       31,782,395       NOK       3,498,124       USD             (83

JP Morgan Chase Bank N.A.

    10/3/2019       513,280       NZD       321,854       USD       5        

JP Morgan Chase Bank N.A.

    10/3/2019       24,982,377       SEK       2,541,003       USD       49        

JP Morgan Chase Bank N.A.

    10/3/2019       1,068,953       SGD       772,982       USD       4        

JP Morgan Chase Bank N.A.

    10/4/2019       28,496,760       HKD       3,635,228       USD             (96

JP Morgan Chase Bank N.A.

    10/4/2019       1,114,435       ILS       320,655       USD             (10

JP Morgan Chase Bank N.A.

    11/5/2019       3,561,973       USD       5,275,239       AUD             (184

JP Morgan Chase Bank N.A.

    11/5/2019       6,879,914       USD       6,840,616       CHF       478        

JP Morgan Chase Bank N.A.

    11/5/2019       6,348,304       USD       43,360,249       DKK             (395

JP Morgan Chase Bank N.A.

    11/5/2019       33,704,573       USD       30,838,504       EUR             (879

JP Morgan Chase Bank N.A.

    11/5/2019       18,526,756       USD       15,014,442       GBP             (828

JP Morgan Chase Bank N.A.

    11/5/2019       3,586,117       USD       28,098,640       HKD             (207

JP Morgan Chase Bank N.A.

    11/5/2019       354,834       USD       1,231,306       ILS             (25

JP Morgan Chase Bank N.A.

    11/5/2019       3,377,605       USD       30,670,950       NOK             (32

JP Morgan Chase Bank N.A.

    11/5/2019       332,643       USD       530,119       NZD             (25

JP Morgan Chase Bank N.A.

    11/5/2019       2,696,658       USD       26,456,388       SEK             (114

JP Morgan Chase Bank N.A.

    11/5/2019       772,134       USD       1,067,401       SGD             (23

JP Morgan Chase Bank N.A.

    11/6/2019       19,206,069       USD       2,071,057,641       JPY             (701

Morgan Stanley & Co. International

    10/3/2019       3,913,789       AUD       2,639,643       USD       112        

Morgan Stanley & Co. International

    10/3/2019       5,070,239       CHF       5,086,128       USD             (960

Morgan Stanley & Co. International

    10/3/2019       33,005,332       DKK       4,819,269       USD       431        

Morgan Stanley & Co. International

    10/3/2019       22,951,548       EUR       25,022,374       USD       1,301        

Morgan Stanley & Co. International

    10/3/2019       11,185,029       GBP       13,778,088       USD       5,778        

Morgan Stanley & Co. International

    10/3/2019       1,488,183,208       JPY       13,771,581       USD             (796

Morgan Stanley & Co. International

    10/3/2019       24,217,224       NOK       2,665,240       USD       161        

Morgan Stanley & Co. International

    10/3/2019       391,205       NZD       245,224       USD       86        

Morgan Stanley & Co. International

    10/3/2019       19,036,466       SEK       1,936,004       USD       267        

Morgan Stanley & Co. International

    10/3/2019       814,599       SGD       588,939       USD       118        

Morgan Stanley & Co. International

    10/3/2019       175,508       USD       258,005       AUD       1,490        

Morgan Stanley & Co. International

    10/3/2019       338,173       USD       335,408       CHF       1,777        

Morgan Stanley & Co. International

    10/3/2019       320,430       USD       2,162,156       DKK       4,695        

Morgan Stanley & Co. International

    10/3/2019       1,663,722       USD       1,503,467       EUR       24,518        

Morgan Stanley & Co. International

    10/3/2019       916,096       USD       733,106       GBP       12,653        

Morgan Stanley & Co. International

    10/3/2019       915,663       USD       98,829,979       JPY       1,148        

Morgan Stanley & Co. International

    10/3/2019       177,210       USD       1,588,672       NOK       2,357        

Morgan Stanley & Co. International

    10/3/2019       16,305       USD       25,848       NZD       97        

Morgan Stanley & Co. International

    10/3/2019       128,724       USD       1,246,662       SEK       1,921        

Morgan Stanley & Co. International

    10/3/2019       39,158       USD       53,965       SGD       135        

Morgan Stanley & Co. International

    10/4/2019       21,712,980       HKD       2,769,700       USD       73        

Morgan Stanley & Co. International

    10/4/2019       849,062       ILS       244,309       USD             (17

Morgan Stanley & Co. International

    10/4/2019       184,155       USD       1,442,335       HKD       166        

Morgan Stanley & Co. International

    10/4/2019       16,244       USD       57,033       ILS             (166

Morgan Stanley & Co. International

    11/5/2019       2,713,885       USD       4,019,320       AUD             (200

Morgan Stanley & Co. International

    11/5/2019       5,241,842       USD       5,210,889       CHF       1,382        

Morgan Stanley & Co. International

    11/5/2019       4,836,807       USD       33,040,616       DKK             (917

Morgan Stanley & Co. International

    11/5/2019       25,679,677       USD       23,497,532       EUR             (2,338

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2019

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and
Description of
Currency to

be Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Morgan Stanley & Co. International

    11/5/2019       14,115,624       USD       11,444,296       GBP     $     $ (6,456

Morgan Stanley & Co. International

    11/5/2019       2,732,283       USD       21,409,339       HKD             (263

Morgan Stanley & Co. International

    11/5/2019       270,351       USD       938,095       ILS             (5

Morgan Stanley & Co. International

    11/5/2019       2,573,416       USD       23,370,444       NOK             (253

Morgan Stanley & Co. International

    11/5/2019       253,447       USD       404,035       NZD             (99

Morgan Stanley & Co. International

    11/5/2019       2,054,598       USD       20,159,855       SEK             (351

Morgan Stanley & Co. International

    11/5/2019       588,296       USD       813,457       SGD             (158

Morgan Stanley & Co. International

    11/6/2019       14,633,196       USD       1,577,787,775       JPY       959        

Societe Generale

    10/2/2019       94,168       CHF       94,441       USD             (5

Societe Generale

    10/2/2019       31,116,222       JPY       287,927       USD             (13

Societe Generale

    10/2/2019       153,543       NZD       96,287       USD             (8

UBS AG

    10/3/2019       2,546,037       USD       3,775,374       AUD             (361

UBS AG

    10/3/2019       292,513       USD       426,327       AUD       4,966        

UBS AG

    10/3/2019       4,905,768       USD       4,840,590       CHF       50,926        

UBS AG

    10/3/2019       563,622       USD       554,827       CHF       7,162        

UBS AG

    10/3/2019       4,648,373       USD       31,395,316       DKK       63,780        

UBS AG

    10/3/2019       534,050       USD       3,599,983       DKK       8,352        

UBS AG

    10/3/2019       24,135,055       USD       21,864,057       EUR       297,052        

UBS AG

    10/3/2019       2,772,869       USD       2,505,466       EUR       41,203        

UBS AG

    10/3/2019       13,289,502       USD       10,897,599       GBP             (140,149

UBS AG

    10/3/2019       1,526,827       USD       1,238,652       GBP       375        

UBS AG

    10/3/2019       13,283,226       USD       1,406,680,350       JPY       266,621        

UBS AG

    10/3/2019       1,526,106       USD       162,661,991       JPY       20,926        

UBS AG

    10/3/2019       2,570,728       USD       23,392,532       NOK             (3,906

UBS AG

    10/3/2019       295,350       USD       2,647,776       NOK       3,930        

UBS AG

    10/3/2019       236,527       USD       374,703       NZD       1,565        

UBS AG

    10/3/2019       27,174       USD       42,205       NZD       709        

UBS AG

    10/3/2019       1,867,353       USD       18,274,477       SEK       8,587        

UBS AG

    10/3/2019       214,539       USD       2,060,120       SEK       4,996        

UBS AG

    10/3/2019       568,056       USD       787,873       SGD             (1,675

UBS AG

    10/3/2019       65,264       USD       90,032       SGD       160        

UBS AG

    10/4/2019       2,671,485       USD       20,934,077       HKD       1,072        

UBS AG

    10/4/2019       306,926       USD       2,405,276       HKD       102        

UBS AG

    10/4/2019       235,647       USD       830,632       ILS             (3,342

UBS AG

    10/4/2019       27,073       USD       95,137       ILS             (300
                                            $ 4,481,739     $ (962,510

 

CURRENCY LEGEND
AUD   Australian dollar
CHF   Swiss franc
DKK   Danish krone
EUR   Euro
GBP   British pound
HKD   Hong Kong dollar
ILS   Israeli new shekel
JPY   Japanese yen
NOK   Norwegian krone
NZD   New Zealand dollar
SEK   Swedish krona
SGD   Singapore dollar
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%

 

Japan – 98.7%

 

Air Freight & Logistics – 0.0%

 

Kintetsu World Express, Inc.

     38,100      $ 535,145  
Airlines – 0.4%

 

Japan Airlines Co., Ltd.

     328,300        9,757,109  
Auto Components – 5.6%

 

Ahresty Corp.

     11,200        57,516  

Aisan Industry Co., Ltd.

     49,600        420,848  

Aisin Seiki Co., Ltd.

     358,008        11,246,238  

Bridgestone Corp.

     878,885        34,025,027  

Daido Metal Co., Ltd.

     49,700        293,394  

Daikyonishikawa Corp.

     87,000        638,362  

Denso Corp.

     756,979        33,262,950  

Eagle Industry Co., Ltd.

     70,500        643,192  

Exedy Corp.

     49,600        967,906  

FCC Co., Ltd.

     46,900        902,632  

Futaba Industrial Co., Ltd.

     49,600        344,664  

G-Tekt Corp.(a)

     49,700        771,195  

H-One Co., Ltd.

     49,600        290,968  

Kasai Kogyo Co., Ltd.

     35,500        253,583  

Keihin Corp.

     49,700        728,887  

Koito Manufacturing Co., Ltd.

     80,901        3,952,415  

Mitsuba Corp.

     26,800        156,225  

Musashi Seimitsu Industry Co., Ltd.(a)

     51,500        653,310  

NGK Spark Plug Co., Ltd.(a)

     219,764        4,184,819  

NHK Spring Co., Ltd.(a)

     170,000        1,296,137  

Nifco, Inc.

     74,690        1,783,714  

Nippon Piston Ring Co., Ltd.

     29,400        343,850  

Nissin Kogyo Co., Ltd.

     85,000        1,189,961  

NOK Corp.(a)

     158,100        2,343,523  

Pacific Industrial Co., Ltd.

     55,500        810,867  

Piolax, Inc.(a)

     49,700        850,752  

Press Kogyo Co., Ltd.

     74,700        311,034  

Sanoh Industrial Co., Ltd.(a)

     49,600        281,331  

Shoei Co., Ltd.(a)

     16,700        699,986  

Showa Corp.

     49,600        714,570  

Stanley Electric Co., Ltd.

     107,007        2,827,777  

Sumitomo Electric Industries Ltd.(a)

     867,683        11,007,110  

Sumitomo Riko Co., Ltd.(a)

     86,900        693,914  

Sumitomo Rubber Industries Ltd.

     359,891        4,269,075  

T. RAD Co., Ltd.

     20,500        334,032  

Tachi-S Co., Ltd.

     49,600        600,294  

Taiho Kogyo Co., Ltd.

     68,800        490,178  

Tokai Rika Co., Ltd.(a)

     132,614        2,240,603  

Topre Corp.

     49,600        782,035  

Toyo Tire Corp.

     121,500        1,535,684  

Toyoda Gosei Co., Ltd.

     116,800        2,337,621  

Toyota Boshoku Corp.

     225,036        3,146,235  

TPR Co., Ltd.

     49,594        789,741  

TS Tech Co., Ltd.

     51,532        1,563,960  

Unipres Corp.

     51,500        806,750  

Yokohama Rubber Co., Ltd. (The)

     169,700        3,393,215  

Yorozu Corp.

     49,600        597,082  
     

 

 

 
Total Auto Components

 

     141,835,162  
Automobiles – 12.8%

 

Honda Motor Co., Ltd.

     2,221,447      $ 57,522,271  

Isuzu Motors Ltd.

     790,400        8,706,650  

Mazda Motor Corp.(a)

     620,215        5,506,327  

Mitsubishi Motors Corp.(a)

     1,799,601        7,809,511  

Nissan Motor Co., Ltd.(a)

     9,732,704        60,706,137  

Subaru Corp.

     1,320,967        37,156,972  

Suzuki Motor Corp.(a)

     214,136        9,088,520  

Toyota Motor Corp.

     1,949,270        130,149,732  

Yamaha Motor Co., Ltd.

     500,700        9,071,206  
     

 

 

 
Total Automobiles

 

     325,717,326  
Banks – 8.6%

 

Mitsubishi UFJ Financial Group, Inc.

     18,268,722        92,700,135  

Mizuho Financial Group, Inc.

     38,245,644        58,602,625  

Sumitomo Mitsui Financial Group, Inc.(a)

     1,931,600        66,039,898  
     

 

 

 
Total Banks

 

     217,342,658  
Beverages – 1.4%

 

Asahi Group Holdings Ltd.

     295,600        14,632,986  

Kirin Holdings Co., Ltd.

     618,845        13,101,248  

Suntory Beverage & Food Ltd.

     156,100        6,672,977  

Takara Holdings, Inc.

     87,400        864,498  
     

 

 

 
Total Beverages

 

     35,271,709  
Building Products – 1.6%

 

AGC, Inc.

     213,947        6,631,714  

Aica Kogyo Co., Ltd.

     49,600        1,459,431  

Central Glass Co., Ltd.

     39,900        836,211  

Daikin Industries Ltd.

     103,649        13,599,286  

LIXIL Group Corp.(a)

     445,600        7,833,819  

Nippon Sheet Glass Co., Ltd.

     99,500        594,744  

Nitto Boseki Co., Ltd.(a)

     25,800        793,754  

Noritz Corp.

     47,200        547,227  

Okabe Co., Ltd.

     56,100        444,855  

Sanwa Holdings Corp.

     200,131        2,236,949  

TOTO Ltd.(a)

     118,600        4,438,927  
     

 

 

 
Total Building Products

 

     39,416,917  
Capital Markets – 0.6%

 

GCA Corp.

     60,500        433,842  

Monex Group, Inc.(a)

     97,096        279,407  

Nomura Holdings, Inc.(a)

     1,959,245        8,301,071  

SBI Holdings, Inc.

     275,800        5,897,514  

Sparx Group Co., Ltd.(a)

     207,600        478,301  
     

 

 

 
Total Capital Markets

 

     15,390,135  
Chemicals – 7.3%

 

ADEKA Corp.

     49,600        614,980  

Arakawa Chemical Industries Ltd.

     49,600        673,266  

Asahi Kasei Corp.(a)

     1,264,322        12,447,269  

Chugoku Marine Paints Ltd.(a)

     22,900        187,099  

Daicel Corp.

     322,642        2,725,627  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     37,800        1,108,730  

Denka Co., Ltd.

     92,515        2,543,253  

DIC Corp.

     130,153        3,610,444  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Fujimi, Inc.(a)

     50,600      $ 1,187,338  

Fujimori Kogyo Co., Ltd.

     36,300        1,073,130  

Fuso Chemical Co., Ltd.

     15,300        339,623  

Hitachi Chemical Co., Ltd.

     118,415        3,862,252  

JCU Corp.

     26,600        535,569  

JSP Corp.(a)

     50,600        832,916  

JSR Corp.

     263,000        4,207,513  

Kaneka Corp.

     51,600        1,606,607  

Kansai Paint Co., Ltd.(a)

     113,400        2,634,720  

KH Neochem Co., Ltd.

     20,000        435,438  

Kumiai Chemical Industry Co., Ltd.(a)

     27,300        235,173  

Kuraray Co., Ltd.

     371,237        4,558,237  

Kureha Corp.(a)

     16,700        993,579  

Lintec Corp.

     51,547        1,019,255  

Mitsubishi Chemical Holdings Corp.

     2,491,163        17,751,049  

Mitsubishi Gas Chemical Co., Inc.

     341,482        4,556,253  

Mitsui Chemicals, Inc.

     240,315        5,372,205  

Moriroku Holdings Co., Ltd.(a)

     47,300        1,068,763  

Nihon Nohyaku Co., Ltd.(a)

     106,600        483,313  

Nihon Parkerizing Co., Ltd.

     51,500        558,006  

Nippon Kayaku Co., Ltd.

     127,100        1,517,085  

Nippon Paint Holdings Co., Ltd.

     101,600        5,273,893  

Nippon Shokubai Co., Ltd.(a)

     40,700        2,312,265  

Nippon Soda Co., Ltd.

     45,300        1,093,990  

Nissan Chemical Corp.(a)

     72,953        3,034,224  

Nitto Denko Corp.

     185,674        8,940,527  

NOF Corp.(a)

     49,600        1,631,534  

Okamoto Industries, Inc.(a)

     27,700        1,017,525  

Osaka Soda Co., Ltd.(a)

     43,400        1,111,956  

Riken Technos Corp.

     152,300        644,007  

Sakata INX Corp.

     51,500        533,227  

Sanyo Chemical Industries Ltd.

     24,600        1,058,432  

Shikoku Chemicals Corp.

     51,500        538,945  

Shin-Etsu Chemical Co., Ltd.

     277,879        29,722,704  

Showa Denko K.K.

     168,031        4,392,205  

Sumitomo Bakelite Co., Ltd.

     37,700        1,472,070  

Sumitomo Chemical Co., Ltd.(a)

     2,240,485        10,054,455  

Sumitomo Seika Chemicals Co., Ltd.(a)

     16,800        495,878  

T Hasegawa Co., Ltd.(a)

     23,400        431,950  

Taiyo Holdings Co., Ltd.

     49,626        1,669,123  

Taiyo Nippon Sanso Corp.(a)

     143,953        2,907,697  

Takasago International Corp.

     26,200        633,939  

Tayca Corp.(a)

     21,000        379,875  

Teijin Ltd.

     226,600        4,352,733  

Tokai Carbon Co., Ltd.(a)

     117,900        1,185,818  

Tokuyama Corp.

     43,700        1,001,572  

Tokyo Ohka Kogyo Co., Ltd.

     40,200        1,491,575  

Toray Industries, Inc.

     1,035,318        7,683,817  

Tosoh Corp.

     382,107        5,048,798  

Toyo Ink SC Holdings Co., Ltd.

     99,400        2,253,343  

Toyobo Co., Ltd.

     82,151        1,077,104  

Ube Industries Ltd.

     110,700        2,231,925  

Zeon Corp.

     132,200        1,610,987  
     

 

 

 
Total Chemicals

 

     186,026,785  
Commercial Services & Supplies – 0.2%

 

Mitsubishi Pencil Co., Ltd.

     49,600      $ 786,165  

Park24 Co., Ltd.

     141,200        3,276,702  

Pilot Corp.

     26,800        991,904  

Sato Holdings Corp.(a)

     35,700        963,892  
     

 

 

 
Total Commercial Services & Supplies

 

     6,018,663  
Construction & Engineering – 0.7%

 

JGC Corp.(a)

     152,700        1,996,439  

Kajima Corp.

     510,400        6,691,990  

Obayashi Corp.

     704,700        7,016,028  

Penta-Ocean Construction Co., Ltd.

     331,900        1,836,467  

Taikisha Ltd.

     44,300        1,334,226  
     

 

 

 
Total Construction & Engineering

 

     18,875,150  
Construction Materials – 0.1%

 

Krosaki Harima Corp.(a)

     21,400        1,118,760  

Taiheiyo Cement Corp.

     92,700        2,479,720  
     

 

 

 
Total Construction Materials

 

     3,598,480  
Consumer Finance – 0.2%

 

AEON Financial Service Co., Ltd.(a)

     275,900        4,150,945  

J Trust Co., Ltd.(a)

     51,500        189,179  
     

 

 

 
Total Consumer Finance

 

     4,340,124  
Containers & Packaging – 0.0%

 

Fuji Seal International, Inc.

     15,582        393,461  
Electrical Equipment – 1.8%

 

Daihen Corp.

     39,700        1,199,357  

Denyo Co., Ltd.(a)

     42,100        685,208  

Fuji Electric Co., Ltd.

     97,273        2,974,668  

Fujikura Ltd.(a)

     264,277        1,012,359  

Furukawa Electric Co., Ltd.

     52,281        1,257,260  

GS Yuasa Corp.

     49,584        856,566  

Idec Corp.(a)

     23,400        424,588  

Mabuchi Motor Co., Ltd.

     55,100        2,052,070  

Mitsubishi Electric Corp.

     1,861,714        24,676,431  

Nidec Corp.(a)

     64,158        8,619,701  

Nippon Carbon Co., Ltd.(a)

     13,500        476,544  

Nissin Electric Co., Ltd.

     73,300        889,163  

Sanyo Denki Co., Ltd.

     11,900        519,713  

SEC Carbon Ltd.(a)

     3,500        264,585  

Sinfonia Technology Co., Ltd.

     28,100        311,226  

Tatsuta Electric Wire and Cable Co., Ltd.(a)

     59,900        256,061  

Toyo Tanso Co., Ltd.

     14,700        315,967  
     

 

 

 
Total Electrical Equipment

 

     46,791,467  
Electronic Equipment, Instruments & Components – 4.6%

 

Ai Holdings Corp.

     49,100        838,210  

Alps Alpine Co., Ltd.

     152,100        2,838,637  

Amano Corp.

     49,633        1,510,919  

Anritsu Corp.(a)

     49,600        972,495  

Canon Electronics, Inc.

     49,600        841,238  

Citizen Watch Co., Ltd.(a)

     354,785        1,733,301  

Dexerials Corp.(a)

     108,300        801,665  

ESPEC Corp.

     41,200        716,306  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Hakuto Co., Ltd.

     49,619      $ 538,084  

Hamamatsu Photonics K.K.

     60,000        2,226,232  

Hirose Electric Co., Ltd.(a)

     31,760        3,890,839  

Hitachi High-Technologies Corp.

     75,919        4,383,387  

Hitachi Ltd.

     670,005        24,940,367  

Horiba Ltd.

     36,500        2,107,425  

Ibiden Co., Ltd.

     83,501        1,680,450  

Iriso Electronics Co., Ltd.

     20,000        958,594  

Japan Aviation Electronics Industry Ltd.

     49,800        705,471  

Kaga Electronics Co., Ltd.

     51,500        921,115  

Keyence Corp.

     11,720        7,254,851  

Koa Corp.

     34,400        422,699  

Kyosan Electric Manufacturing Co., Ltd.

     49,600        168,890  

Macnica Fuji Electronics Holdings, Inc.(a)

     64,500        828,369  

Marubun Corp.

     49,600        250,123  

Meiko Electronics Co., Ltd.

     28,800        396,791  

Murata Manufacturing Co., Ltd.

     424,768        20,378,645  

Nippon Electric Glass Co., Ltd.

     116,060        2,581,617  

Nissha Co., Ltd.

     49,600        491,525  

Ohara, Inc.(a)

     24,000        331,325  

Oki Electric Industry Co., Ltd.

     79,430        1,081,115  

Omron Corp.(a)

     105,800        5,785,593  

Optex Group Co., Ltd.

     32,100        477,008  

Osaki Electric Co., Ltd.

     51,500        314,027  

Restar Holdings Corp.(a)

     57,700        934,839  

Riken Keiki Co., Ltd.

     38,300        735,700  

Ryoden Corp.

     50,400        702,312  

Ryosan Co., Ltd.

     49,645        1,260,475  

Sanshin Electronics Co., Ltd.

     42,254        588,800  

Satori Electric Co., Ltd.

     49,600        369,906  

Shimadzu Corp.

     102,200        2,579,705  

Siix Corp.(a)

     24,200        328,489  

Sumida Corp.(a)

     49,600        458,941  

Taiyo Yuden Co., Ltd.(a)

     51,500        1,252,774  

TDK Corp.

     80,368        7,190,919  

Topcon Corp.

     49,600        657,662  

V Technology Co., Ltd.(a)

     14,000        680,083  

Yaskawa Electric Corp.(a)

     120,800        4,431,848  

Yokogawa Electric Corp.(a)

     131,738        2,409,864  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     117,949,630  
Energy Equipment & Services – 0.0%

 

Modec, Inc.

     27,800        676,254  
Entertainment – 1.9%

 

Capcom Co., Ltd.

     59,500        1,576,206  

GungHo Online Entertainment, Inc.

     25,949        588,249  

Koei Tecmo Holdings Co., Ltd.

     105,140        2,283,262  

Konami Holdings Corp.

     101,500        4,902,429  

Nintendo Co., Ltd.

     93,500        34,622,901  

Square Enix Holdings Co., Ltd.(a)

     51,500        2,501,735  

Toei Animation Co., Ltd.

     21,700        984,858  
     

 

 

 
Total Entertainment

 

     47,459,640  
Food & Staples Retailing – 1.1%

 

Ministop Co., Ltd.

     49,600      638,386  

Seven & I Holdings Co., Ltd.

     692,124        26,461,776  
     

 

 

 
Total Food & Staples Retailing

 

     27,100,162  
Food Products – 0.9%

 

Ajinomoto Co., Inc.

     291,113        5,494,985  

Ariake Japan Co., Ltd.

     12,300        958,279  

Fuji Oil Holdings, Inc.(a)

     49,000        1,419,107  

Kagome Co., Ltd.

     21,500        542,896  

Kikkoman Corp.(a)

     51,500        2,458,848  

Nippon Suisan Kaisha Ltd.

     111,200        628,667  

Nisshin Oillio Group Ltd. (The)

     46,581        1,461,111  

Nissin Foods Holdings Co., Ltd.

     49,600        3,579,736  

Sakata Seed Corp.

     36,539        1,247,550  

Toyo Suisan Kaisha Ltd.

     52,100        2,087,375  

Yakult Honsha Co., Ltd.(a)

     39,787        2,223,581  
     

 

 

 
Total Food Products

 

     22,102,135  
Health Care Equipment & Supplies – 1.1%

 

Asahi Intecc Co., Ltd.

     27,200        714,008  

Hoya Corp.

     130,157        10,620,907  

Jeol Ltd.(a)

     10,200        241,893  

Nakanishi, Inc.

     49,600        781,576  

Nihon Kohden Corp.

     35,700        1,048,786  

Nikkiso Co., Ltd.

     70,300        749,346  

Nipro Corp.(a)

     129,800        1,456,835  

Olympus Corp.

     237,500        3,199,630  

Sysmex Corp.

     56,360        3,771,413  

Terumo Corp.

     202,512        6,520,858  
     

 

 

 
Total Health Care Equipment & Supplies

 

     29,105,252  
Health Care Technology – 0.1%

 

M3, Inc.

     74,700        1,798,468  
Hotels, Restaurants & Leisure – 0.0%

 

Aeon Fantasy Co., Ltd.

     13,800        378,470  

Saizeriya Co., Ltd.

     4,800        123,337  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     501,807  
Household Durables – 2.5%

 

Casio Computer Co., Ltd.(a)

     275,157        4,264,520  

Fujitsu General Ltd.(a)

     49,600        825,634  

JVCKenwood Corp.

     117,600        347,115  

Nikon Corp.(a)

     507,800        6,333,698  

Panasonic Corp.(a)

     2,633,570        21,336,608  

Rinnai Corp.(a)

     30,700        2,062,290  

Sekisui Chemical Co., Ltd.

     413,000        6,393,236  

Sharp Corp.(a)

     307,700        3,402,281  

Sony Corp.

     247,400        14,529,242  

Sumitomo Forestry Co., Ltd.(a)

     196,700        2,613,566  

Tamron Co., Ltd.

     37,600        806,447  

Toa Corp.

     36,200        409,312  

Zojirushi Corp.(a)

     39,300        518,909  
     

 

 

 
Total Household Durables

 

     63,842,858  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2019

 

 

 

Investments    Shares      Value  
Household Products – 0.3%

 

Lion Corp.

     92,600      $ 1,825,867  

Pigeon Corp.(a)

     61,600        2,539,237  

Unicharm Corp.

     139,200        4,404,941  
     

 

 

 
Total Household Products

 

     8,770,045  
Independent Power & Renewable Electricity Producers – 0.2%

 

Electric Power Development Co., Ltd.

     167,100        3,811,256  
Industrial Conglomerates – 0.3%

 

Nisshinbo Holdings, Inc.

     175,024        1,363,592  

Toshiba Corp.

     172,100        5,254,962  
     

 

 

 
Total Industrial Conglomerates

 

     6,618,554  
Insurance – 2.8%

 

Dai-ichi Life Holdings, Inc.

     1,199,000        18,072,366  

Sompo Holdings, Inc.

     364,500        15,234,296  

Tokio Marine Holdings, Inc.

     729,000        38,981,180  
     

 

 

 
Total Insurance

 

     72,287,842  
Internet & Direct Marketing Retail – 0.1%

 

Rakuten, Inc.

     170,300        1,678,182  
IT Services – 0.7%

 

Fujitsu Ltd.

     125,232        10,028,989  

NTT Data Corp.

     539,700        6,961,293  
     

 

 

 
Total IT Services

 

     16,990,282  
Leisure Products – 0.8%

 

Bandai Namco Holdings, Inc.(a)

     179,200        11,159,066  

Mizuno Corp.

     42,600        1,103,678  

Shimano, Inc.

     31,700        4,775,165  

Tomy Co., Ltd.

     35,700        407,953  

Universal Entertainment Corp.

     37,400        1,207,735  

Yamaha Corp.

     63,507        2,849,956  
     

 

 

 
Total Leisure Products

 

     21,503,553  
Machinery – 8.9%

 

Aida Engineering Ltd.

     49,600        400,655  

Amada Holdings Co., Ltd.

     442,493        4,765,782  

Anest Iwata Corp.

     49,600        435,076  

Asahi Diamond Industrial Co., Ltd.(a)

     7,200        41,038  

Bando Chemical Industries Ltd.

     49,600        378,167  

CKD Corp.(a)

     51,500        611,853  

Daifuku Co., Ltd.(a)

     61,100        3,148,989  

DMG Mori Co., Ltd.

     130,100        1,843,008  

Ebara Corp.

     64,231        1,709,855  

FANUC Corp.

     322,389        60,674,460  

Fujitec Co., Ltd.

     49,600        638,845  

Furukawa Co., Ltd.

     49,600        666,841  

Glory Ltd.

     51,500        1,443,858  

Harmonic Drive Systems, Inc.(a)

     31,200        1,356,835  

Hino Motors Ltd.

     599,410        4,936,154  

Hirata Corp.

     7,400        482,036  

Hitachi Construction Machinery Co., Ltd.(a)

     236,100        5,690,867  

Hitachi Zosen Corp.

     119,900        389,405  

Hokuetsu Industries Co., Ltd.

     49,600        570,463  

Hoshizaki Corp.

     24,169        1,898,633  

IHI Corp.(a)

     131,900        2,865,614  

Iseki & Co., Ltd.

     49,600      673,266  

Japan Steel Works Ltd. (The)(a)

     64,100        1,231,289  

JTEKT Corp.(a)

     358,678        4,111,978  

Juki Corp.(a)

     24,600        205,541  

Kawasaki Heavy Industries Ltd.(a)

     134,851        2,984,627  

Kito Corp.(a)

     34,300        491,610  

Kitz Corp.

     84,400        561,495  

Komatsu Ltd.

     1,324,206        30,325,328  

Kubota Corp.

     765,002        11,569,704  

Kurita Water Industries Ltd.(a)

     63,400        1,697,120  

Makino Milling Machine Co., Ltd.

     21,400        930,650  

Makita Corp.

     150,838        4,745,308  

Max Co., Ltd.

     49,600        831,141  

Meidensha Corp.

     36,900        632,669  

MINEBEA MITSUMI, Inc.(a)

     211,001        3,340,483  

MISUMI Group, Inc.(a)

     73,500        1,729,452  

Mitsubishi Heavy Industries Ltd.

     279,119        10,929,740  

Mitsubishi Logisnext Co., Ltd.

     26,700        252,486  

Mitsuboshi Belting Ltd.

     50,800        832,918  

Miura Co., Ltd.(a)

     37,200        1,036,058  

Nabtesco Corp.

     97,200        3,008,411  

Nachi-Fujikoshi Corp.

     31,400        1,406,209  

NGK Insulators Ltd.(a)

     321,575        4,579,264  

Nippon Thompson Co., Ltd.

     59,900        249,410  

Nissei ASB Machine Co., Ltd.(a)

     24,000        752,811  

Nitta Corp.

     50,400        1,341,668  

Nitto Kohki Co., Ltd.

     43,900        858,299  

NSK Ltd.(a)

     737,866        6,212,890  

NTN Corp.(a)

     781,600        2,241,925  

Obara Group, Inc.(a)

     35,900        1,212,445  

Oiles Corp.

     49,600        722,372  

OKUMA Corp.

     24,900        1,347,814  

Organo Corp.(a)

     16,400        726,866  

OSG Corp.

     59,224        1,224,209  

Ryobi Ltd.

     51,500        861,073  

Shibuya Corp.

     25,100        670,727  

Shima Seiki Manufacturing Ltd.(a)

     23,700        543,187  

Shinmaywa Industries Ltd.(a)

     86,900        1,014,738  

SMC Corp.

     21,851        9,320,667  

Sodick Co., Ltd.(a)

     9,800        70,003  

Star Micronics Co., Ltd.

     46,300        655,890  

Sumitomo Heavy Industries Ltd.

     114,037        3,376,529  

Tadano Ltd.(a)

     68,000        647,439  

Takeuchi Manufacturing Co., Ltd.

     29,700        460,855  

THK Co., Ltd.

     147,679        3,871,151  

Toshiba Machine Co., Ltd.

     28,800        595,853  

Tsubaki Nakashima Co., Ltd.(a)

     51,500        770,534  

Tsubakimoto Chain Co.

     49,600        1,585,640  

Tsugami Corp.(a)

     56,400        477,502  

Union Tool Co.

     25,800        750,784  

YAMABIKO Corp.

     49,600        521,815  

Yushin Precision Equipment Co., Ltd.

     49,600        432,322  
     

 

 

 
Total Machinery

 

     226,572,599  
Marine – 0.1%

 

Iino Kaiun Kaisha Ltd.(a)

     209,400        666,515  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Nippon Yusen K.K.(a)

     62,100      $ 1,037,155  

NS United Kaiun Kaisha Ltd.(a)

     51,500        1,069,313  
     

 

 

 
Total Marine

 

     2,772,983  
Media – 0.3%

 

Dentsu, Inc.

     210,800        7,421,642  
Metals & Mining – 2.3%

 

Asahi Holdings, Inc.

     49,700        1,023,661  

Daido Steel Co., Ltd.(a)

     49,600        1,943,613  

Daiki Aluminium Industry Co., Ltd.(a)

     49,600        324,471  

Dowa Holdings Co., Ltd.

     53,300        1,819,820  

Hitachi Metals Ltd.(a)

     381,318        4,113,965  

JFE Holdings, Inc.

     1,147,062        13,797,646  

Kobe Steel Ltd.

     272,900        1,454,457  

Kyoei Steel Ltd.(a)

     42,000        786,176  

Mitsubishi Materials Corp.(a)

     115,600        3,117,964  

Mitsui Mining & Smelting Co., Ltd.

     49,600        1,171,675  

Nippon Light Metal Holdings Co., Ltd.

     626,200        1,124,060  

Nippon Steel Corp.(a)

     1,261,232        17,569,140  

Nippon Yakin Kogyo Co., Ltd.(a)

     1,610        32,252  

Pacific Metals Co., Ltd.(a)

     14,400        298,593  

Sanyo Special Steel Co., Ltd.(a)

     38,900        517,947  

Sumitomo Metal Mining Co., Ltd.

     222,400        6,887,558  

Topy Industries Ltd.(a)

     49,700        883,862  

UACJ Corp.(a)

     49,600        832,518  
     

 

 

 
Total Metals & Mining

 

     57,699,378  
Multiline Retail – 0.1%

 

Ryohin Keikaku Co., Ltd.

     167,400        3,125,729  
Oil, Gas & Consumable Fuels – 0.7%

 

Idemitsu Kosan Co., Ltd.

     209,700        5,927,675  

Inpex Corp.

     1,178,700        10,809,249  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     16,736,924  
Paper & Forest Products – 0.1%

 

Hokuetsu Corp.

     102,300        511,145  

Oji Holdings Corp.

     628,400        2,930,498  
     

 

 

 
Total Paper & Forest Products

 

     3,441,643  
Personal Products – 1.0%

 

Kao Corp.

     213,180        15,748,592  

Kose Corp.(a)

     20,000        3,377,284  

Mandom Corp.

     36,600        906,576  

Rohto Pharmaceutical Co., Ltd.(a)

     30,400        829,232  

Shiseido Co., Ltd.

     62,722        5,007,894  
     

 

 

 
Total Personal Products

 

     25,869,578  
Pharmaceuticals – 7.2%

 

Astellas Pharma, Inc.

     1,538,804        21,905,621  

Chugai Pharmaceutical Co., Ltd.

     207,800        16,151,006  

Daiichi Sankyo Co., Ltd.

     253,921        15,985,922  

Eisai Co., Ltd.(a)

     215,177        10,932,564  

Hisamitsu Pharmaceutical Co., Inc.

     49,700        2,172,866  

Kyowa Kirin Co., Ltd.

     302,070        5,863,917  

Mitsubishi Tanabe Pharma Corp.(a)

     748,400        8,205,913  

Ono Pharmaceutical Co., Ltd.

     385,500        6,980,555  

Otsuka Holdings Co., Ltd.

     465,800      17,412,279  

Santen Pharmaceutical Co., Ltd.

     200,500        3,484,053  

Sawai Pharmaceutical Co., Ltd.(a)

     24,000        1,239,139  

Shionogi & Co., Ltd.

     150,777        8,369,292  

Sumitomo Dainippon Pharma Co., Ltd.(a)

     186,300        3,059,750  

Takeda Pharmaceutical Co., Ltd.

     1,737,363        59,318,709  

ZERIA Pharmaceutical Co., Ltd.(a)

     49,600        871,069  
     

 

 

 
Total Pharmaceuticals

 

     181,952,655  
Professional Services – 0.5%

 

Outsourcing, Inc.

     51,600        490,815  

Recruit Holdings Co., Ltd.

     411,600        12,514,620  

Trust Tech, Inc.(a)

     19,400        232,280  
     

 

 

 
Total Professional Services

 

     13,237,715  
Real Estate Management & Development – 0.1%

 

Unizo Holdings Co., Ltd.

     47,100        2,098,418  
Road & Rail – 0.2%

 

Hitachi Transport System Ltd.

     43,000        1,257,275  

Nippon Express Co., Ltd.

     75,400        3,844,127  
     

 

 

 
Total Road & Rail

 

     5,101,402  
Semiconductors & Semiconductor Equipment – 3.4%

 

Advantest Corp.(a)

     215,600        9,525,700  

Disco Corp.(a)

     23,000        4,354,198  

Ferrotec Holdings Corp.(a)

     6,300        49,024  

Lasertec Corp.

     14,000        875,688  

NuFlare Technology, Inc.

     12,900        915,503  

Optorun Co., Ltd.

     29,100        823,928  

Rohm Co., Ltd.

     75,800        5,786,260  

SCREEN Holdings Co., Ltd.(a)

     41,260        2,431,887  

Shibaura Mechatronics Corp.

     12,400        330,552  

Shindengen Electric Manufacturing Co., Ltd.

     10,000        321,999  

Shinko Electric Industries Co., Ltd.(a)

     74,459        633,840  

SUMCO Corp.

     456,300        6,121,999  

Tokyo Electron Ltd.(a)

     261,353        49,731,431  

Tokyo Seimitsu Co., Ltd.

     53,600        1,574,647  

Ulvac, Inc.

     49,700        1,995,818  

Yamaichi Electronics Co., Ltd.

     37,800        426,704  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     85,899,178  
Software – 0.3%

 

Trend Micro, Inc.

     141,408        6,725,303  
Specialty Retail – 0.8%

 

ABC-Mart, Inc.

     49,600        3,152,922  

Fast Retailing Co., Ltd.(a)

     23,600        14,021,337  

IDOM, Inc.(a)

     151,500        665,857  

Sanrio Co., Ltd.(a)

     33,100        637,345  

VT Holdings Co., Ltd.

     150,800        619,525  
     

 

 

 
Total Specialty Retail

 

     19,096,986  
Technology Hardware, Storage & Peripherals – 3.6%

 

Brother Industries Ltd.

     254,043        4,597,808  

Canon, Inc.

     2,065,797        55,097,477  

FUJIFILM Holdings Corp.

     225,995        9,911,786  

Konica Minolta, Inc.(a)

     456,538        3,176,651  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Maxell Holdings Ltd.(a)

     6,600      $ 94,229  

MCJ Co., Ltd.

     49,600        312,080  

NEC Corp.

     83,700        3,531,548  

Ricoh Co., Ltd.(a)

     494,178        4,449,088  

Riso Kagaku Corp.

     51,500        784,830  

Roland DG Corp.

     31,900        589,445  

Seiko Epson Corp.(a)

     482,100        6,780,403  

Toshiba TEC Corp.

     50,200        1,481,730  

Wacom Co., Ltd.

     46,200        150,046  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     90,957,121  
Textiles, Apparel & Luxury Goods – 0.3%

 

Asics Corp.

     136,592        2,331,827  

Descente Ltd.

     39,981        528,271  

Kurabo Industries Ltd.

     17,947        374,301  

Onward Holdings Co., Ltd.

     224,200        1,163,786  

Seiko Holdings Corp.(a)

     38,900        858,805  

Seiren Co., Ltd.

     41,910        481,631  

Wacoal Holdings Corp.

     49,600        1,274,478  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     7,013,099  
Tobacco – 3.2%

 

Japan Tobacco, Inc.

     3,675,231        80,458,909  
Trading Companies & Distributors – 6.4%

 

Alconix Corp.(a)

     48,600        565,257  

Hanwa Co., Ltd.

     54,900        1,500,575  

Inabata & Co., Ltd.

     49,586        609,301  

ITOCHU Corp.

     2,051,594        42,351,202  

Kokusai Pulp & Paper Co., Ltd.

     99,000        282,137  

Marubeni Corp.

     2,483,978        16,495,499  

Mitsubishi Corp.

     2,104,900        51,631,644  

Nagase & Co., Ltd.

     126,200        1,758,568  

Nippon Steel Trading Corp.

    49,600     1,939,024  

Sanyo Trading Co., Ltd.

    33,100       651,740  

Sojitz Corp.

    1,827,621       5,665,075  

Sumitomo Corp.

    1,767,977       27,613,650  

Toyota Tsusho Corp.

    346,710       11,180,054  

Yamazen Corp.

    30,700       267,018  
   

 

 

 
Total Trading Companies & Distributors

 

    162,510,744  
Transportation Infrastructure – 0.0%

 

Nissin Corp.

    49,700       716,011  
Wireless Telecommunication Services – 0.5%

 

SoftBank Group Corp.

    303,100       11,891,224  

TOTAL COMMON STOCKS

(Cost: $2,781,325,855)

 

 

    2,504,805,452  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.4%

 

United States – 6.4%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(b)

   
(Cost: $163,326,758)(c)     163,326,758       163,326,758  

TOTAL INVESTMENTS IN SECURITIES – 105.1%

(Cost: $2,944,652,613)

 

 

    2,668,132,210  

Other Assets less Liabilities – (5.1)%

 

    (129,277,091
   

 

 

 
NET ASSETS – 100.0%

 

  $ 2,538,855,119  
(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(c) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $253,356,622 and the total market value of the collateral held by the Fund was $266,774,324. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $103,447,566.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/3/2019       20,169,159,431       JPY       186,630,512       USD     $ 3,207     $  

Bank of America N.A.

    10/3/2019       144,528,215       USD       15,311,969,474       JPY       2,840,118        

Bank of America N.A.

    11/6/2019       205,254,289       USD       22,133,370,474       JPY             (8,252

Bank of Montreal

    10/3/2019       20,170,596,486       JPY       186,630,512       USD       16,505        

Bank of Montreal

    10/3/2019       144,528,215       USD       15,307,272,307       JPY       2,883,583        

Bank of Montreal

    11/6/2019       205,254,289       USD       22,134,868,830       JPY             (22,148

Barclays Bank PLC

    10/3/2019       20,164,829,603       JPY       186,630,512       USD             (36,859

Barclays Bank PLC

    10/3/2019       144,528,215       USD       15,314,440,906       JPY       2,817,249        

Barclays Bank PLC

    11/6/2019       205,254,289       USD       22,128,629,100       JPY       35,719        

Canadian Imperial Bank of Commerce

    10/3/2019       1,485,946,067       JPY       13,804,032       USD             (53,948

Canadian Imperial Bank of Commerce

    10/3/2019       10,082,434,329       JPY       93,315,264       USD             (18,257

Canadian Imperial Bank of Commerce

    10/3/2019       144,528,215       USD       15,308,934,381       JPY       2,868,203        

Canadian Imperial Bank of Commerce

    11/6/2019       102,627,153       USD       11,064,592,559       JPY       15,290        

Citibank N.A.

    10/3/2019       6,187,162,699       JPY       57,516,800       USD             (264,380

Citibank N.A.

    10/3/2019       20,168,804,833       JPY       186,630,512       USD             (74

Citibank N.A.

    10/3/2019       144,528,215       USD       15,309,729,286       JPY       2,860,848        

Citibank N.A.

    10/3/2019       9,202,688       USD       974,662,207       JPY       183,728        

Citibank N.A.

    11/6/2019       205,254,289       USD       22,133,308,898       JPY             (7,681

Commonwealth Bank of Australia

    10/3/2019       144,528,215       USD       15,314,599,887       JPY       2,815,778        

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2019

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Credit Suisse International

    10/3/2019       20,169,905,953       JPY       186,630,512       USD     $ 10,115     $  

Credit Suisse International

    10/3/2019       144,528,215       USD       15,309,382,419       JPY       2,864,057        

Credit Suisse International

    11/6/2019       205,254,289       USD       22,135,443,542       JPY             (27,477

Goldman Sachs

    10/3/2019       20,171,529,639       JPY       186,630,512       USD       25,140        

Goldman Sachs

    10/3/2019       144,528,215       USD       15,307,705,891       JPY       2,879,571        

Goldman Sachs

    11/6/2019       205,254,289       USD       22,136,367,187       JPY             (36,043

HSBC Holdings PLC

    10/3/2019       20,158,894,753       JPY       186,630,512       USD             (91,776

HSBC Holdings PLC

    10/3/2019       144,528,215       USD       15,305,104,383       JPY       2,903,644        

HSBC Holdings PLC

    11/6/2019       205,254,289       USD       22,122,307,268       JPY       94,347        

JP Morgan Chase Bank N.A.

    10/3/2019       20,162,235,439       JPY       186,630,512       USD             (60,863

JP Morgan Chase Bank N.A.

    10/3/2019       144,528,215       USD       15,306,058,270       JPY       2,894,817        

JP Morgan Chase Bank N.A.

    11/6/2019       205,254,289       USD       22,125,693,964       JPY       62,939        

Morgan Stanley & Co. International

    10/3/2019       144,528,215       USD       15,307,127,778       JPY       2,884,921        

Royal Bank of Canada

    10/3/2019       20,169,066,116       JPY       186,630,512       USD       2,344        

Royal Bank of Canada

    10/3/2019       144,528,215       USD       15,306,752,005       JPY       2,888,398        

Royal Bank of Canada

    11/6/2019       205,254,289       USD       22,133,062,593       JPY             (5,397

Societe Generale

    10/3/2019       20,158,708,123       JPY       186,630,512       USD             (93,503

Societe Generale

    10/3/2019       144,528,215       USD       15,306,910,986       JPY       2,886,927        

Societe Generale

    11/6/2019       205,254,289       USD       22,122,307,268       JPY       94,347        

Standard Chartered Bank

    10/3/2019       20,161,694,211       JPY       186,630,512       USD             (65,872

Standard Chartered Bank

    10/3/2019       144,528,215       USD       15,307,344,571       JPY       2,882,914        

Standard Chartered Bank

    11/6/2019       205,254,289       USD       22,125,386,082       JPY       65,794        

State Street Bank and Trust

    10/3/2019       144,528,215       USD       15,306,824,269       JPY       2,887,729        

UBS AG

    10/3/2019       5,607,392,665       JPY       52,915,456       USD             (1,027,892

UBS AG

    10/3/2019       984,392,209       JPY       9,202,688       USD             (93,693

UBS AG

    10/3/2019       993,262,680       JPY       9,202,688       USD             (11,610

UBS AG

    10/3/2019       495,227,930       JPY       4,601,344       USD             (18,792

UBS AG

    10/3/2019       20,156,561,872       JPY       186,630,512       USD             (113,363

UBS AG

    10/3/2019       144,528,215       USD       15,307,749,250       JPY       2,879,170        

UBS AG

    10/3/2019       43,712,768       USD       4,618,870,289       JPY       972,418        

UBS AG

    10/3/2019       18,405,376       USD       1,989,698,448       JPY             (6,141

UBS AG

    11/6/2019       205,254,289       USD       22,120,152,098       JPY       114,334        

Wells Fargo Bank N.A.

    10/3/2019       96,352,144       USD       10,203,210,288       JPY       1,937,546        
                                            $ 49,571,700     $ (2,064,021

 

CURRENCY LEGEND
JPY   Japanese yen
USD   U.S. dollar

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%      
Japan – 98.7%      
Air Freight & Logistics – 0.3%      

Kintetsu World Express, Inc.

     3,800      $ 53,374  

Konoike Transport Co., Ltd.

     3,300        48,702  

Maruwa Unyu Kikan Co., Ltd.(a)

     1,400        34,730  

SBS Holdings, Inc.

     1,800        26,082  
     

 

 

 
Total Air Freight & Logistics               162,888  
Auto Components – 6.5%      

Aisan Industry Co., Ltd.

     7,800        66,182  

Daido Metal Co., Ltd.(a)

     6,900        40,733  

Daikyonishikawa Corp.

     9,600        70,440  

Eagle Industry Co., Ltd.

     8,300        75,723  

Exedy Corp.(a)

     6,000        117,085  

FCC Co., Ltd.

     3,300        63,512  

Futaba Industrial Co., Ltd.

     3,800        26,406  

G-Tekt Corp.(a)

     3,698        57,382  

H-One Co., Ltd.(a)

     4,900        28,745  

Ichikoh Industries Ltd.

     3,100        23,119  

Kasai Kogyo Co., Ltd.(a)

     6,700        47,859  

Keihin Corp.

     6,900        101,194  

Mitsuba Corp.

     5,000        29,146  

Musashi Seimitsu Industry Co., Ltd.(a)

     5,500        69,771  

NHK Spring Co., Ltd.(a)

     20,400        155,536  

Nifco, Inc.

     6,500        155,230  

Nippon Piston Ring Co., Ltd.

     2,200        25,730  

Nissin Kogyo Co., Ltd.

     5,800        81,197  

NOK Corp.(a)

     16,800        249,027  

Pacific Industrial Co., Ltd.

     4,200        61,363  

Piolax, Inc.(a)

     2,800        47,930  

Press Kogyo Co., Ltd.

     10,000        41,638  

Sanoh Industrial Co., Ltd.(a)

     7,700        43,674  

Shoei Co., Ltd.

     1,000        41,915  

Showa Corp.

     5,600        80,677  

Sumitomo Riko Co., Ltd.(a)

     4,800        38,329  

Sumitomo Rubber Industries Ltd.

     33,700        399,754  

T. RAD Co., Ltd.

     1,400        22,812  

Tachi-S Co., Ltd.(a)

     2,700        32,677  

Tokai Rika Co., Ltd.

     10,025        169,379  

Topre Corp.

     5,300        83,564  

Toyo Tire Corp.(a)

     10,700        135,241  

Toyoda Gosei Co., Ltd.

     11,200        224,156  

Toyota Boshoku Corp.

     21,000        293,602  

TPR Co., Ltd.

     3,106        49,460  

TS Tech Co., Ltd.

     6,000        182,096  

Unipres Corp.

     3,900        61,094  

Yokohama Rubber Co., Ltd. (The)

     14,800        295,932  

Yorozu Corp.

     2,200        26,484  
     

 

 

 
Total Auto Components               3,815,794  
Automobiles – 0.1%      

Nissan Shatai Co., Ltd.(a)

     5,900        47,768  
Banks – 7.8%      

77 Bank Ltd. (The)(a)

     5,800      86,027  

Aomori Bank Ltd. (The)(a)

     2,100        51,103  

Aozora Bank Ltd.(a)

     19,900        497,523  

Awa Bank Ltd. (The)(a)

     2,000        45,098  

Bank of Kyoto Ltd. (The)(a)

     3,200        125,098  

Bank of Nagoya Ltd. (The)

     1,700        49,942  

Bank of Okinawa Ltd. (The)

     1,640        51,366  

Bank of the Ryukyus Ltd.(a)

     3,500        36,012  

Chugoku Bank Ltd. (The)(a)

     10,900        102,369  

Chukyo Bank Ltd. (The)

     1,600        31,164  

Daishi Hokuetsu Financial Group, Inc.(a)

     4,100        103,112  

Ehime Bank Ltd. (The)(a)

     3,900        39,226  

FIDEA Holdings Co., Ltd.

     36,900        39,606  

Fukui Bank Ltd. (The)

     100        1,319  

Gunma Bank Ltd. (The)

     40,900        132,454  

Hachijuni Bank Ltd. (The)(a)

     44,000        179,135  

Hiroshima Bank Ltd. (The)(a)

     31,000        153,171  

Hokkoku Bank Ltd. (The)

     2,500        64,793  

Hokuhoku Financial Group, Inc.

     14,200        137,303  

Hyakugo Bank Ltd. (The)

     20,900        66,718  

Hyakujushi Bank Ltd. (The)

     3,700        76,003  

Iyo Bank Ltd. (The)(a)

     20,000        104,557  

Jimoto Holdings, Inc.

     37,500        34,351  

Juroku Bank Ltd. (The)(a)

     2,900        63,514  

Kansai Mirai Financial Group, Inc.(a)

     17,200        108,062  

Keiyo Bank Ltd. (The)

     14,000        82,776  

Kiyo Bank Ltd. (The)

     4,598        71,432  

Kyushu Financial Group, Inc.(a)

     32,200        131,094  

Mebuki Financial Group, Inc.

     136,800        336,699  

Michinoku Bank Ltd. (The)(a)

     2,600        37,505  

Musashino Bank Ltd. (The)(a)

     3,700        64,192  

Nanto Bank Ltd. (The)

     3,000        70,118  

Nishi-Nippon Financial Holdings, Inc.

     17,900        125,379  

North Pacific Bank Ltd.

     47,200        100,012  

Ogaki Kyoritsu Bank Ltd. (The)

     3,400        75,220  

San ju San Financial Group, Inc.(a)

     3,400        50,493  

San-In Godo Bank Ltd. (The)

     17,600        106,830  

Senshu Ikeda Holdings, Inc.

     41,000        70,941  

Seven Bank Ltd.(a)

     133,500        365,635  

Shiga Bank Ltd. (The)(a)

     3,200        72,690  

Shikoku Bank Ltd. (The)(a)

     5,200        47,152  

Toho Bank Ltd. (The)

     25,800        60,636  

Tokyo Kiraboshi Financial Group, Inc.(a)

     3,100        40,157  

TOMONY Holdings, Inc.

     12,600        40,805  

Towa Bank Ltd. (The)

     6,300        46,110  

Yamagata Bank Ltd. (The)(a)

     2,900        39,150  

Yamaguchi Financial Group, Inc.(a)

     21,500        147,610  

Yamanashi Chuo Bank Ltd. (The)(a)

     3,100        29,487  
     

 

 

 
Total Banks               4,591,149  
Beverages – 0.3%      

Sapporo Holdings Ltd.

     3,600        89,738  

Takara Holdings, Inc.

     9,000        89,021  
     

 

 

 
Total Beverages               178,759  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  
Biotechnology – 0.0%      

Takara Bio, Inc.

     1,000      $ 20,366  
Building Products – 1.8%      

Aica Kogyo Co., Ltd.(a)

     4,700        138,293  

Bunka Shutter Co., Ltd.

     4,100        35,053  

Central Glass Co., Ltd.

     3,600        75,448  

Eidai Co., Ltd.

     10,400        31,563  

Kondotec, Inc.

     2,200        18,667  

Nichias Corp.

     5,500        97,303  

Nichiha Corp.

     1,600        43,673  

Nihon Flush Co., Ltd.

     700        16,672  

Nippon Sheet Glass Co., Ltd.(a)

     11,100        66,348  

Nitto Boseki Co., Ltd.(a)

     1,800        55,378  

Noritz Corp.

     2,800        32,463  

Okabe Co., Ltd.

     4,700        37,269  

Sanwa Holdings Corp.

     15,700        175,485  

Shin Nippon Air Technologies Co., Ltd.(a)

     2,100        34,762  

Sinko Industries Ltd.

     1,800        29,030  

Takara Standard Co., Ltd.

     3,717        61,254  

Takasago Thermal Engineering Co., Ltd.(a)

     5,400        89,238  
     

 

 

 
Total Building Products               1,037,899  
Capital Markets – 1.9%      

GCA Corp.

     5,400        38,723  

GMO Financial Holdings, Inc.

     15,400        85,069  

Ichiyoshi Securities Co., Ltd.(a)

     7,800        49,005  

IwaiCosmo Holdings, Inc.(a)

     5,800        59,838  

Kyokuto Securities Co., Ltd.

     4,000        31,867  

Marusan Securities Co., Ltd.(a)

     8,000        36,863  

Matsui Securities Co., Ltd.(a)

     60,400        507,455  

Monex Group, Inc.(a)

     13,265        38,172  

Morningstar Japan K.K.(a)

     10,199        34,539  

Okasan Securities Group, Inc.(a)

     19,900        70,522  

Sparx Group Co., Ltd.(a)

     27,300        62,898  

Tokai Tokyo Financial Holdings, Inc.(a)

     31,500        86,857  
     

 

 

 
Total Capital Markets               1,101,808  
Chemicals – 9.0%      

Achilles Corp.

     1,100        17,181  

ADEKA Corp.

     8,700        107,870  

Air Water, Inc.

     12,800        228,819  

Asahi Yukizai Corp.(a)

     2,200        26,321  

C.I. Takiron Corp.

     9,500        55,027  

Chugoku Marine Paints Ltd.(a)

     8,200        66,996  

Daicel Corp.(a)

     31,900        269,486  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.(a)

     1,300        38,131  

Denka Co., Ltd.

     9,600        263,906  

DIC Corp.

     12,100        335,654  

DKS Co., Ltd.

     700        18,485  

Fujimi, Inc.(a)

     3,500        82,128  

Fujimori Kogyo Co., Ltd.(a)

     1,400        41,388  

Fuso Chemical Co., Ltd.(a)

     2,100        46,615  

Harima Chemicals Group, Inc.(a)

     2,600        29,278  

JCU Corp.

     2,200        44,295  

JSP Corp.(a)

     2,317      38,140  

Kaneka Corp.(a)

     5,048        157,173  

Kanto Denka Kogyo Co., Ltd.(a)

     2,800        21,011  

KH Neochem Co., Ltd.

     2,200        47,898  

Koatsu Gas Kogyo Co., Ltd.

     2,800        20,830  

Konishi Co., Ltd.

     2,200        29,985  

Kumiai Chemical Industry Co., Ltd.(a)

     5,494        47,327  

Kureha Corp.(a)

     1,400        83,294  

Lintec Corp.

     7,700        152,254  

Mitsubishi Gas Chemical Co., Inc.

     33,000        440,305  

Moriroku Holdings Co., Ltd.(a)

     1,100        24,855  

Nihon Nohyaku Co., Ltd.

     8,400        38,085  

Nihon Parkerizing Co., Ltd.

     6,800        73,678  

Nippon Chemical Industrial Co., Ltd.

     1,000        21,670  

Nippon Kayaku Co., Ltd.(a)

     12,400        148,008  

Nippon Pillar Packing Co., Ltd.

     3,700        41,288  

Nippon Shokubai Co., Ltd.(a)

     2,800        159,075  

Nippon Soda Co., Ltd.

     2,400        57,960  

NOF Corp.(a)

     4,900        161,180  

Okamoto Industries, Inc.(a)

     1,400        51,427  

Osaka Soda Co., Ltd.(a)

     1,877        48,091  

Riken Technos Corp.(a)

     5,500        23,257  

Sakai Chemical Industry Co., Ltd.(a)

     1,300        30,348  

Sakata INX Corp.

     4,900        50,734  

Sanyo Chemical Industries Ltd.

     1,500        64,539  

Sekisui Plastics Co., Ltd.(a)

     6,000        41,582  

Shikoku Chemicals Corp.(a)

     3,700        38,720  

Stella Chemifa Corp.(a)

     700        17,035  

Sumitomo Bakelite Co., Ltd.

     2,900        113,236  

Sumitomo Seika Chemicals Co., Ltd.(a)

     1,300        38,372  

T Hasegawa Co., Ltd.(a)

     2,200        40,611  

Taiyo Holdings Co., Ltd.(a)

     3,400        114,356  

Takasago International Corp.

     800        19,357  

Tayca Corp.

     1,000        18,089  

Toagosei Co., Ltd.

     8,500        95,637  

Tokai Carbon Co., Ltd.(a)

     13,700        137,792  

Tokuyama Corp.

     4,200        96,261  

Tokyo Ohka Kogyo Co., Ltd.

     3,700        137,284  

Toyo Ink SC Holdings Co., Ltd.

     6,600        149,618  

Toyobo Co., Ltd.

     7,900        103,579  

Ube Industries Ltd.

     10,780        217,346  

Valqua Ltd.(a)

     2,400        48,255  

Zeon Corp.(a)

     10,000        121,860  
     

 

 

 
Total Chemicals               5,252,982  
Commercial Services & Supplies – 1.9%      

Aeon Delight Co., Ltd.

     2,600        81,555  

Bell System24 Holdings, Inc.(a)

     4,500        68,744  

Daiseki Co., Ltd.

     1,900        48,504  

Itoki Corp.

     4,700        19,439  

King Jim Co., Ltd.(a)

     1,700        13,213  

Kokuyo Co., Ltd.

     6,800        94,882  

Mitsubishi Pencil Co., Ltd.

     2,300        36,455  

NAC Co., Ltd.(a)

     2,800        25,001  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Nakabayashi Co., Ltd.(a)

     3,700      $ 17,803  

Nippon Air Conditioning Services Co., Ltd.

     3,500        22,281  

Nippon Kanzai Co., Ltd.

     3,100        53,553  

Nippon Parking Development Co., Ltd.

     21,100        33,190  

Okamura Corp.

     7,200        70,151  

Park24 Co., Ltd.

     10,700        248,305  

Pilot Corp.

     1,000        37,011  

Prestige International, Inc.

     2,400        19,054  

Relia, Inc.

     5,200        64,762  

Sato Holdings Corp.(a)

     2,200        59,400  

Takara Printing Co., Ltd.(a)

     1,300        20,088  

Toppan Forms Co., Ltd.(a)

     8,000        75,651  

Uchida Yoko Co., Ltd.

     600        21,707  
     

 

 

 
Total Commercial Services & Supplies               1,130,749  
Construction & Engineering – 5.1%      

Asanuma Corp.

     900        31,978  

Daiho Corp.

     1,100        29,028  

Hazama Ando Corp.

     19,000        141,346  

Kandenko Co., Ltd.

     14,100        126,029  

Kumagai Gumi Co., Ltd.

     3,800        108,119  

Kyowa Exeo Corp.(a)

     7,500        181,818  

Kyudenko Corp.

     5,300        176,544  

Maeda Corp.

     10,900        95,006  

Maeda Road Construction Co., Ltd.

     7,400        160,907  

Meisei Industrial Co., Ltd.(a)

     7,700        52,224  

Mirait Holdings Corp.(a)

     5,744        86,578  

Nippo Corp.

     5,600        103,580  

Nippon Densetsu Kogyo Co., Ltd.

     2,200        45,476  

Nippon Koei Co., Ltd.

     1,400        40,805  

Nishimatsu Construction Co., Ltd.

     6,800        126,468  

Nittoc Construction Co., Ltd.

     6,700        39,304  

Okumura Corp.(a)

     5,200        138,811  

OSJB Holdings Corp.

     10,800        24,583  

Penta-Ocean Construction Co., Ltd.

     25,800        142,756  

PS Mitsubishi Construction Co., Ltd.

     5,800        38,747  

Raito Kogyo Co., Ltd.

     3,900        51,170  

Sanki Engineering Co., Ltd.

     5,300        62,771  

Seikitokyu Kogyo Co., Ltd.

     6,000        40,472  

Shinnihon Corp.

     3,000        20,958  

SHO-BOND Holdings Co., Ltd.

     2,400        84,164  

Sumitomo Densetsu Co., Ltd.

     3,300        67,206  

Sumitomo Mitsui Construction Co., Ltd.

     15,740        82,578  

Taihei Dengyo Kaisha Ltd.

     2,200        48,570  

Taikisha Ltd.

     2,200        66,259  

Tekken Corp.

     1,200        30,645  

Toa Corp.

     1,500        18,099  

Toda Corp.

     26,400        151,695  

Tokyo Energy & Systems, Inc.(a)

     2,400        19,520  

Tokyu Construction Co., Ltd.

     10,200        77,957  

Toshiba Plant Systems & Services Corp.

     5,200        86,703  

Totetsu Kogyo Co., Ltd.(a)

     2,000        59,126  

Toyo Construction Co., Ltd.

     8,000        34,569  

Yahagi Construction Co., Ltd.

     4,800        30,734  

Yokogawa Bridge Holdings Corp.(a)

     1,800      $ 26,998  

Yurtec Corp.(a)

     5,400        32,777  
     

 

 

 
Total Construction & Engineering               2,983,078  
Construction Materials – 0.4%      

Asia Pile Holdings Corp.(a)

     6,100        29,068  

Krosaki Harima Corp.(a)

     1,100        57,506  

Shinagawa Refractories Co., Ltd.

     1,200        29,280  

Sumitomo Osaka Cement Co., Ltd.(a)

     2,800        119,824  
     

 

 

 
Total Construction Materials               235,678  
Consumer Finance – 0.8%      

Credit Saison Co., Ltd.(a)

     19,300        258,762  

J Trust Co., Ltd.(a)

     3,700        13,591  

Jaccs Co., Ltd.

     4,100        86,496  

Orient Corp.(a)

     92,800        124,506  
     

 

 

 
Total Consumer Finance               483,355  
Containers & Packaging – 0.4%      

FP Corp.

     1,500        93,546  

Fuji Seal International, Inc.

     1,500        37,876  

Pack Corp. (The)(a)

     700        23,641  

Rengo Co., Ltd.

     12,781        92,007  
     

 

 

 
Total Containers & Packaging               247,070  
Distributors – 0.2%      

Arata Corp.(a)

     1,300        47,694  

Doshisha Co., Ltd.(a)

     3,100        48,877  

Happinet Corp.

     2,700        31,653  
     

 

 

 
Total Distributors               128,224  
Diversified Consumer Services – 0.5%      

Benesse Holdings, Inc.(a)

     5,700        147,992  

Meiko Network Japan Co., Ltd.(a)

     3,900        31,720  

Riso Kyoiku Co., Ltd.(a)

     10,900        44,276  

Sprix Ltd.

     900        11,758  

Studio Alice Co., Ltd.

     1,300        24,129  

Tokyo Individualized Educational Institute, Inc.(a)

     4,500        38,723  
     

 

 

 
Total Diversified Consumer Services               298,598  
Diversified Financial Services – 1.0%      

Financial Products Group Co., Ltd.(a)

     14,500        144,899  

Fuyo General Lease Co., Ltd.(a)

     2,800        167,883  

IBJ Leasing Co., Ltd.(a)

     3,800        102,740  

Japan Securities Finance Co., Ltd.

     13,200        61,435  

NEC Capital Solutions Ltd.

     2,300        46,202  

Ricoh Leasing Co., Ltd.

     2,300        74,273  
     

 

 

 
Total Diversified Financial Services               597,432  
Diversified Telecommunication Services – 0.1%      

ARTERIA Networks Corp.

     3,200        43,051  

Internet Initiative Japan, Inc.

     1,700        38,617  
     

 

 

 
Total Diversified Telecommunication Services               81,668  
Electric Utilities – 0.5%      

Hokkaido Electric Power Co., Inc.(a)

     9,600        50,543  

Okinawa Electric Power Co., Inc. (The)

     5,918        93,089  

Shikoku Electric Power Co., Inc.(a)

     18,500        174,430  
     

 

 

 
Total Electric Utilities

 

     318,062  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  
Electrical Equipment – 1.6%      

Cosel Co., Ltd.(a)

     3,200      $ 30,349  

Daihen Corp.

     1,600        48,337  

Denyo Co., Ltd.(a)

     2,200        35,807  

Fujikura Ltd.(a)

     21,100        80,827  

Furukawa Electric Co., Ltd.

     4,726        113,651  

GS Yuasa Corp.

     4,300        74,283  

Idec Corp.(a)

     2,100        38,104  

Mabuchi Motor Co., Ltd.

     5,800        216,007  

Nippon Carbon Co., Ltd.(a)

     700        24,710  

Nissin Electric Co., Ltd.

     7,600        92,191  

Nitto Kogyo Corp.

     2,600        49,221  

Sanyo Denki Co., Ltd.

     900        39,306  

SEC Carbon Ltd.(a)

     200        15,119  

Sinfonia Technology Co., Ltd.

     2,600        28,797  

Tatsuta Electric Wire and Cable Co., Ltd.(a)

     8,100        34,626  

Toyo Tanso Co., Ltd.

     1,300        27,943  
     

 

 

 
Total Electrical Equipment               949,278  
Electronic Equipment, Instruments & Components – 5.3%

 

Ai Holdings Corp.

     3,500        59,750  

Amano Corp.

     6,200        188,739  

Anritsu Corp.(a)

     5,200        101,955  

Canon Electronics, Inc.

     5,400        91,586  

Citizen Watch Co., Ltd.(a)

     33,100        161,710  

CMK Corp.

     2,500        13,347  

CONEXIO Corp.(a)

     3,500        44,011  

Daiwabo Holdings Co., Ltd.

     2,200        91,196  

Dexerials Corp.(a)

     8,400        62,179  

Elematec Corp.(a)

     3,658        33,610  

Enplas Corp.

     1,100        35,623  

ESPEC Corp.

     2,100        36,511  

FTGroup Co., Ltd.(a)

     2,300        29,794  

Furuno Electric Co., Ltd.

     2,100        18,285  

Hakuto Co., Ltd.(a)

     3,700        40,124  

Hioki EE Corp.

     800        26,981  

Hochiki Corp.

     1,800        24,600  

Horiba Ltd.

     3,400        196,308  

Ibiden Co., Ltd.(a)

     7,700        154,962  

Innotech Corp.

     2,700        21,710  

Iriso Electronics Co., Ltd.(a)

     800        38,344  

Japan Aviation Electronics Industry Ltd.

     5,900        83,580  

Japan Cash Machine Co., Ltd.(a)

     2,000        16,951  

Kaga Electronics Co., Ltd.(a)

     4,200        75,120  

Koa Corp.(a)

     3,400        41,778  

Macnica Fuji Electronics Holdings, Inc.(a)

     6,700        86,048  

Marubun Corp.

     5,700        28,744  

Maruwa Co., Ltd.(a)

     400        25,649  

Meiko Electronics Co., Ltd.(a)

     1,200        16,533  

Nippon Electric Glass Co., Ltd.

     10,600        235,785  

Nippon Signal Co., Ltd.

     4,800        53,563  

Nissha Co., Ltd.(a)

     3,900        38,648  

Nohmi Bosai Ltd.

     2,466        47,073  

Ohara, Inc.(a)

     1,800        24,849  

Oki Electric Industry Co., Ltd.

     9,300      126,582  

Optex Group Co., Ltd.

     2,500        37,150  

Osaki Electric Co., Ltd.(a)

     4,100        25,000  

Restar Holdings Corp.(a)

     3,000        48,605  

Riken Keiki Co., Ltd.

     1,300        24,972  

Ryoden Corp.(a)

     2,200        30,657  

Ryosan Co., Ltd.(a)

     3,700        93,942  

Sanshin Electronics Co., Ltd.

     3,100        43,198  

Satori Electric Co., Ltd.(a)

     2,200        16,407  

Siix Corp.(a)

     3,400        46,151  

Sumida Corp.(a)

     1,800        16,655  

Sun-Wa Technos Corp.(a)

     2,500        19,963  

Tachibana Eletech Co., Ltd.(a)

     1,700        25,797  

Taiyo Yuden Co., Ltd.(a)

     4,200        102,168  

Tamura Corp.

     3,700        19,754  

Tokyo Electron Device Ltd.

     1,500        28,133  

Topcon Corp.(a)

     5,800        76,904  

UMC Electronics Co., Ltd.

     1,500        9,646  

V Technology Co., Ltd.(a)

     1,000        48,577  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     3,085,907  
Energy Equipment & Services – 0.3%

 

Modec, Inc.(a)

     3,100        75,410  

Raiznext Corp.

     5,400        55,062  

Toyo Kanetsu K.K.

     1,400        24,962  
     

 

 

 
Total Energy Equipment & Services               155,434  
Entertainment – 1.5%      

Amuse, Inc.(a)

     800        20,038  

Avex, Inc.(a)

     5,200        60,913  

Capcom Co., Ltd.

     6,100        161,594  

Daiichikosho Co., Ltd.

     3,600        166,218  

GungHo Online Entertainment, Inc.(a)

     2,600        58,940  

Koei Tecmo Holdings Co., Ltd.

     9,920        215,427  

Marvelous, Inc.

     7,200        55,495  

Toei Animation Co., Ltd.

     1,700        77,155  

Toei Co., Ltd.

     300        42,526  
     

 

 

 
Total Entertainment               858,306  
Food & Staples Retailing – 2.7%      

Aeon Hokkaido Corp.

     3,300        22,931  

Ain Holdings, Inc.(a)

     900        52,380  

Arcs Co., Ltd.

     4,000        83,609  

Axial Retailing, Inc.

     1,400        50,909  

Cawachi Ltd.

     1,500        28,924  

Cocokara fine, Inc.

     900        48,466  

Cosmos Pharmaceutical Corp.(a)

     300        58,709  

Create SD Holdings Co., Ltd.

     2,800        65,288  

Heiwado Co., Ltd.

     3,200        60,047  

Inageya Co., Ltd.(a)

     1,600        23,214  

Japan Meat Co., Ltd.

     1,500        31,256  

Kato Sangyo Co., Ltd.(a)

     2,000        61,994  

Kobe Bussan Co., Ltd.

     1,100        53,333  

Life Corp.(a)

     2,000        39,861  

Ministop Co., Ltd.(a)

     2,000        25,742  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Mitsubishi Shokuhin Co., Ltd.(a)

     2,500      $ 62,572  

Nihon Chouzai Co., Ltd.

     700        24,062  

Okuwa Co., Ltd.(a)

     4,000        44,895  

Qol Holdings Co., Ltd.

     2,200        29,211  

San-A Co., Ltd.(a)

     1,100        48,499  

Shoei Foods Corp.(a)

     700        21,180  

Sugi Holdings Co., Ltd.

     2,400        129,910  

Sundrug Co., Ltd.

     8,100        254,823  

United Super Markets Holdings, Inc.(a)

     6,700        59,638  

Valor Holdings Co., Ltd.

     3,300        55,573  

Yamatane Corp.

     1,700        21,314  

Yaoko Co., Ltd.

     1,300        58,099  

Yokohama Reito Co., Ltd.(a)

     4,800        45,968  
     

 

 

 
Total Food & Staples Retailing               1,562,407  
Food Products – 2.6%      

Ariake Japan Co., Ltd.(a)

     1,000        77,909  

DyDo Group Holdings, Inc.(a)

     600        24,455  

Fuji Oil Holdings, Inc.(a)

     3,951        114,426  

Fujicco Co., Ltd.(a)

     1,700        30,657  

Hokuto Corp.

     3,100        56,909  

Itoham Yonekyu Holdings, Inc.

     18,700        117,313  

Kagome Co., Ltd.

     4,300        108,579  

Kameda Seika Co., Ltd.(a)

     700        30,798  

Kotobuki Spirits Co., Ltd.

     700        45,922  

Kyokuyo Co., Ltd.(a)

     900        23,134  

Marudai Food Co., Ltd.

     1,200        25,393  

Maruha Nichiro Corp.

     1,900        47,889  

Megmilk Snow Brand Co., Ltd.

     3,400        81,827  

Mitsui Sugar Co., Ltd.

     3,600        74,315  

Morinaga & Co., Ltd.

     1,900        92,297  

Morinaga Milk Industry Co., Ltd.(a)

     2,000        76,243  

Nippon Flour Mills Co., Ltd.(a)

     4,500        70,326  

Nippon Suisan Kaisha Ltd.

     11,800        66,711  

Nisshin Oillio Group Ltd. (The)

     2,500        78,418  

Prima Meat Packers Ltd.(a)

     4,000        79,537  

S Foods, Inc.(a)

     1,800        49,666  

Sakata Seed Corp.

     1,200        40,972  

Showa Sangyo Co., Ltd.(a)

     1,900        53,884  

Warabeya Nichiyo Holdings Co., Ltd.(a)

     1,600        29,165  
     

 

 

 
Total Food Products               1,496,745  
Gas Utilities – 0.3%      

Nippon Gas Co., Ltd.

     3,300        92,977  

Saibu Gas Co., Ltd.(a)

     1,900        41,665  

Shizuoka Gas Co., Ltd.

     3,900        33,055  
     

 

 

 
Total Gas Utilities               167,697  
Health Care Equipment & Supplies – 1.1%      

Eiken Chemical Co., Ltd.

     2,000        30,220  

Hogy Medical Co., Ltd.

     1,700        48,605  

Jeol Ltd.(a)

     1,500        35,572  

Mani, Inc.(a)

     2,700        70,976  

Menicon Co., Ltd.

     800        28,055  

Nagaileben Co., Ltd.

     2,400        50,809  

Nakanishi, Inc.

     4,100      64,606  

Nihon Kohden Corp.

     2,600        76,382  

Nikkiso Co., Ltd.

     2,900        30,912  

Nipro Corp.(a)

     10,823        121,474  

Paramount Bed Holdings Co., Ltd.

     1,903        69,112  
     

 

 

 
Total Health Care Equipment & Supplies               626,723  
Health Care Providers & Services – 1.3%      

As One Corp.(a)

     1,000        82,813  

BML, Inc.

     1,700        45,711  

Japan Lifeline Co., Ltd.(a)

     3,800        60,898  

Miraca Holdings, Inc.(a)

     7,700        175,410  

NichiiGakkan Co., Ltd.

     4,500        73,699  

Ship Healthcare Holdings, Inc.

     2,259        96,045  

Solasto Corp.(a)

     5,200        58,459  

Toho Holdings Co., Ltd.

     3,000        69,424  

Tokai Corp.

     1,100        24,010  

Tsukui Corp.

     3,800        15,014  

Vital KSK Holdings, Inc.(a)

     4,600        44,564  

WIN-Partners Co., Ltd.

     1,700        17,806  
     

 

 

 
Total Health Care Providers & Services               763,853  
Health Care Technology – 0.1%      

EM Systems Co., Ltd.(a)

     1,600        30,024  
Hotels, Restaurants & Leisure – 2.1%      

Aeon Fantasy Co., Ltd.

     1,200        32,910  

Arcland Service Holdings Co., Ltd.

     1,000        17,951  

Create Restaurants Holdings, Inc.

     3,100        50,483  

Doutor Nichires Holdings Co., Ltd.

     1,900        37,657  

Fuji Kyuko Co., Ltd.

     600        24,872  

Hiday Hidaka Corp.

     1,822        35,184  

HIS Co., Ltd.

     2,300        57,098  

Ichibanya Co., Ltd.

     1,600        75,207  

Kisoji Co., Ltd.(a)

     800        20,149  

KOMEDA Holdings Co., Ltd.

     3,700        68,916  

Koshidaka Holdings Co., Ltd.

     1,700        26,992  

Kura Sushi, Inc.

     500        20,703  

Kyoritsu Maintenance Co., Ltd.(a)

     1,000        42,794  

MOS Food Services, Inc.(a)

     1,000        22,892  

Ohsho Food Service Corp.(a)

     1,300        84,081  

Plenus Co., Ltd.

     3,200        53,592  

Renaissance, Inc.(a)

     1,800        26,698  

Resorttrust, Inc.

     8,500        137,479  

Round One Corp.

     3,700        55,290  

Royal Holdings Co., Ltd.(a)

     800        20,216  

Saizeriya Co., Ltd.

     1,000        25,695  

SFP Holdings Co., Ltd.(a)

     1,100        21,985  

St. Marc Holdings Co., Ltd.

     1,600        35,220  

Sushiro Global Holdings Ltd.

     800        53,815  

Tokyo Dome Corp.(a)

     4,700        45,228  

Tokyotokeiba Co., Ltd.

     1,200        36,530  

Yoshinoya Holdings Co., Ltd.

     1,600        36,197  

Zensho Holdings Co., Ltd.(a)

     3,500        75,457  
     

 

 

 
Total Hotels, Restaurants & Leisure               1,241,291  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  
Household Durables – 4.1%      

Casio Computer Co., Ltd.(a)

     25,200      $ 390,562  

Cleanup Corp.

     6,000        29,924  

ES-Con Japan Ltd.

     9,400        71,582  

First Juken Co., Ltd.

     2,400        29,868  

FJ Next Co., Ltd.(a)

     3,200        30,823  

Fujitsu General Ltd.(a)

     5,200        86,558  

Haseko Corp.(a)

     61,600        717,028  

Hinokiya Group Co., Ltd.(a)

     1,600        28,425  

Hoosiers Holdings(a)

     6,800        40,017  

JVCKenwood Corp.

     13,700        40,438  

Ki-Star Real Estate Co., Ltd.(a)

     2,100        37,269  

LEC, Inc.(a)

     1,600        14,479  

Meiwa Estate Co., Ltd.

     5,100        25,388  

Misawa Homes Co., Ltd.

     3,500        35,785  

Nihon House Holdings Co., Ltd.

     9,700        46,761  

Pressance Corp.(a)

     4,300        69,309  

Sanei Architecture Planning Co., Ltd.

     1,900        26,001  

Sangetsu Corp.(a)

     5,400        101,529  

Space Value Holdings Co., Ltd.

     8,400        38,706  

Starts Corp., Inc.(a)

     4,300        104,959  

Sumitomo Forestry Co., Ltd.(a)

     16,300        216,579  

Tama Home Co., Ltd.

     2,800        36,064  

Tamron Co., Ltd.

     2,200        47,186  

Toa Corp.

     2,200        24,875  

Token Corp.

     1,200        73,616  

Zojirushi Corp.(a)

     5,200        68,660  
     

 

 

 
Total Household Durables               2,432,391  
Household Products – 0.1%      

Earth Corp.

     1,100        56,387  

ST Corp.(a)

     1,400        20,493  
     

 

 

 
Total Household Products               76,880  
Independent Power & Renewable Electricity Producers – 0.1%

 

West Holdings Corp.(a)

     2,400        29,535  
Industrial Conglomerates – 0.5%      

Mie Kotsu Group Holdings, Inc.(a)

     5,300        26,923  

Nisshinbo Holdings, Inc.

     16,600        129,329  

TOKAI Holdings Corp.

     11,600        108,513  
     

 

 

 
Total Industrial Conglomerates               264,765  
Interactive Media & Services – 0.7%      

Dip Corp.(a)

     4,800        116,541  

LIFULL Co., Ltd.(a)

     2,900        18,864  

Mixi, Inc.

     11,800        248,174  

MTI Ltd.(a)

     4,400        28,662  
     

 

 

 
Total Interactive Media & Services               412,241  
Internet & Direct Marketing Retail – 0.2%      

ASKUL Corp.

     2,200        59,420  

Belluna Co., Ltd.

     7,100        45,067  
     

 

 

 
Total Internet & Direct Marketing Retail               104,487  
IT Services – 1.7%      

Comture Corp.

     1,000      18,820  

Digital Garage, Inc.(a)

     1,100        34,962  

DTS Corp.

     3,400        70,721  

Future Corp.

     2,500        43,511  

GMO Internet, Inc.(a)

     5,300        91,018  

Ines Corp.

     2,000        21,596  

Infocom Corp.

     1,500        35,004  

Information Services International-Dentsu Ltd.

     1,900        59,334  

JBCC Holdings, Inc.(a)

     1,900        26,986  

Kanematsu Electronics Ltd.(a)

     2,600        74,097  

Mitsubishi Research Institute, Inc.(a)

     1,300        43,123  

NEC Networks & System Integration Corp.(a)

     4,000        108,480  

NET One Systems Co., Ltd.

     3,100        83,556  

NS Solutions Corp.(a)

     4,600        150,035  

NSD Co., Ltd.

     2,800        80,444  

Transcosmos, Inc.

     2,000        48,207  

Wellnet Corp.

     3,300        21,710  
     

 

 

 
Total IT Services               1,011,604  
Leisure Products – 0.8%      

Daikoku Denki Co., Ltd.

     2,000        28,721  

Furyu Corp.

     2,700        22,959  

GLOBERIDE, Inc.

     700        18,064  

Heiwa Corp.(a)

     10,300        212,052  

Mizuno Corp.

     1,300        33,680  

Tomy Co., Ltd.

     5,200        59,422  

Universal Entertainment Corp.

     3,400        109,794  
     

 

 

 
Total Leisure Products               484,692  
Life Sciences Tools & Services – 0.0%      

EPS Holdings, Inc.

     2,200        26,076  
Machinery – 6.9%      

Aichi Corp.

     6,100        38,945  

Aida Engineering Ltd.

     6,900        55,736  

Alinco, Inc.

     1,300        11,151  

Anest Iwata Corp.(a)

     2,100        18,421  

Bando Chemical Industries Ltd.

     3,700        28,210  

CKD Corp.(a)

     4,400        52,275  

DMG Mori Co., Ltd.

     10,100        143,078  

Ebara Corp.

     5,100        135,764  

Fujitec Co., Ltd.

     6,800        87,584  

Furukawa Co., Ltd.

     3,300        44,366  

Giken Ltd.

     1,400        44,303  

Glory Ltd.(a)

     3,700        103,734  

Harmonic Drive Systems, Inc.(a)

     2,200        95,674  

Hirata Corp.(a)

     700        45,598  

Hitachi Zosen Corp.

     15,835        51,428  

Hokuetsu Industries Co., Ltd.

     2,700        31,053  

Iwaki Co., Ltd.

     1,700        15,289  

Japan Steel Works Ltd. (The)(a)

     5,503        105,707  

Juki Corp.

     2,700        22,559  

Kato Works Co., Ltd.(a)

     1,700        29,745  

Kito Corp.

     2,100        30,099  

Kitz Corp.

     7,900        52,557  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Kurita Water Industries Ltd.(a)

     5,600      $ 149,903  

Kyokuto Kaihatsu Kogyo Co., Ltd.(a)

     3,300        39,603  

Makino Milling Machine Co., Ltd.(a)

     1,800        78,279  

Max Co., Ltd.

     3,900        65,352  

Meidensha Corp.

     3,200        54,866  

METAWATER Co., Ltd.

     1,500        51,006  

Mitsubishi Logisnext Co., Ltd.

     2,200        20,804  

Mitsuboshi Belting Ltd.

     2,900        47,548  

Morita Holdings Corp.

     1,900        29,764  

Nabtesco Corp.

     7,700        238,321  

Nachi-Fujikoshi Corp.

     1,300        58,219  

Nippon Thompson Co., Ltd.

     6,700        27,897  

Nissei ASB Machine Co., Ltd.

     800        25,094  

Nissei Plastic Industrial Co., Ltd.(a)

     2,400        22,229  

Nitta Corp.(a)

     1,800        47,917  

Nitto Kohki Co., Ltd.(a)

     1,700        33,237  

Noritake Co., Ltd.

     800        29,424  

NS Tool Co., Ltd.

     700        12,630  

NTN Corp.(a)

     64,100        183,863  

Obara Group, Inc.(a)

     1,400        47,282  

Oiles Corp.(a)

     3,100        45,148  

OKUMA Corp.(a)

     1,900        102,845  

Organo Corp.

     700        31,025  

OSG Corp.

     5,200        107,488  

Pegasus Sewing Machine Manufacturing Co., Ltd.(a)

     3,700        16,878  

Rheon Automatic Machinery Co., Ltd.

     1,000        14,425  

Ryobi Ltd.

     2,800        46,816  

Shibuya Corp.

     1,500        40,083  

Shima Seiki Manufacturing Ltd.(a)

     1,800        41,255  

Shinmaywa Industries Ltd.(a)

     8,400        98,087  

Shinwa Co., Ltd.

     2,700        25,432  

Sodick Co., Ltd.(a)

     3,500        25,001  

Star Micronics Co., Ltd.

     4,400        62,331  

Tadano Ltd.(a)

     7,100        67,600  

Takeuchi Manufacturing Co., Ltd.

     3,300        51,206  

Takuma Co., Ltd.

     3,500        39,672  

THK Co., Ltd.

     11,500        301,453  

Tocalo Co., Ltd.(a)

     6,400        52,941  

Torishima Pump Manufacturing Co., Ltd.(a)

     2,200        19,868  

Toshiba Machine Co., Ltd.(a)

     2,400        49,654  

Tsubaki Nakashima Co., Ltd.(a)

     4,800        71,817  

Tsubakimoto Chain Co.

     3,200        102,299  

Tsugami Corp.(a)

     3,800        32,172  

Union Tool Co.

     1,400        40,740  

YAMABIKO Corp.

     5,200        54,706  

Yushin Precision Equipment Co., Ltd.

     1,900        16,561  
     

 

 

 
Total Machinery               4,064,017  
Marine – 0.6%      

Iino Kaiun Kaisha Ltd.(a)

     12,700        40,424  

Japan Transcity Corp.(a)

     3,000        13,102  

Mitsui OSK Lines Ltd.(a)

     5,800        146,509  

Nippon Yusen K.K.(a)

     4,900        81,837  

NS United Kaiun Kaisha Ltd.(a)

     3,200        66,443  
     

 

 

 
Total Marine               348,315  
Media – 0.7%      

AOI TYO Holdings, Inc.

     2,700      15,614  

F@N Communications, Inc.

     7,100        35,344  

Gakken Holdings Co., Ltd.

     500        24,751  

Intage Holdings, Inc.

     2,200        19,013  

SKY Perfect JSAT Holdings, Inc.

     41,200        166,592  

Tow Co., Ltd.

     2,300        15,684  

Tv Tokyo Holdings Corp.(a)

     1,600        32,674  

ValueCommerce Co., Ltd.(a)

     600        9,477  

Wowow, Inc.

     2,200        53,313  

Zenrin Co., Ltd.(a)

     1,900        32,154  
     

 

 

 
Total Media               404,616  
Metals & Mining – 2.3%      

Asahi Holdings, Inc.(a)

     6,000        123,581  

Daido Steel Co., Ltd.(a)

     3,900        152,824  

Daiki Aluminium Industry Co., Ltd.(a)

     5,200        34,017  

Dowa Holdings Co., Ltd.

     4,500        153,643  

Godo Steel Ltd.(a)

     1,900        37,235  

Kobe Steel Ltd.

     30,200        160,955  

Kyoei Steel Ltd.(a)

     3,000        56,156  

Mitsubishi Steel Manufacturing Co., Ltd.(a)

     3,300        33,832  

Mitsui Mining & Smelting Co., Ltd.

     4,500        106,301  

Nippon Light Metal Holdings Co., Ltd.

     72,200        129,603  

Nippon Yakin Kogyo Co., Ltd.(a)

     1,270        25,441  

Pacific Metals Co., Ltd.(a)

     1,900        39,398  

Sanyo Special Steel Co., Ltd.(a)

     4,500        59,917  

Toho Titanium Co., Ltd.(a)

     2,700        20,636  

Toho Zinc Co., Ltd.

     500        9,248  

Tokyo Rope Manufacturing Co., Ltd.

     1,900        17,756  

Tokyo Steel Manufacturing Co., Ltd.

     6,800        52,097  

Topy Industries Ltd.(a)

     2,600        46,238  

UACJ Corp.(a)

     4,453        74,742  
     

 

 

 
Total Metals & Mining               1,333,620  
Multiline Retail – 1.4%      

H2O Retailing Corp.(a)

     10,600        115,832  

Izumi Co., Ltd.

     3,700        144,816  

J. Front Retailing Co., Ltd.

     23,800        278,355  

Parco Co., Ltd.

     6,400        75,266  

Seria Co., Ltd.(a)

     4,500        109,216  

Takashimaya Co., Ltd.(a)

     9,300        108,339  
     

 

 

 
Total Multiline Retail               831,824  
Oil, Gas & Consumable Fuels – 0.8%      

Cosmo Energy Holdings Co., Ltd.

     9,100        187,347  

Fuji Oil Co., Ltd.(a)

     11,000        25,242  

Itochu Enex Co., Ltd.

     13,100        99,515  

Iwatani Corp.(a)

     2,600        87,809  

Sala Corp.

     6,000        33,421  

San-Ai Oil Co., Ltd.(a)

     5,400        53,013  
     

 

 

 
Total Oil, Gas & Consumable Fuels               486,347  
Paper & Forest Products – 0.4%      

Daiken Corp.(a)

     2,100        36,433  

Daio Paper Corp.(a)

     3,700        46,971  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Hokuetsu Corp.

     13,400      $ 66,953  

Nippon Paper Industries Co., Ltd.(a)

     5,200        84,634  
     

 

 

 
Total Paper & Forest Products               234,991  
Personal Products – 0.5%      

Artnature, Inc.

     5,200        33,151  

Mandom Corp.

     3,300        81,740  

Milbon Co., Ltd.

     1,100        54,148  

Noevir Holdings Co., Ltd.

     2,900        151,339  
     

 

 

 
Total Personal Products               320,378  
Pharmaceuticals – 1.6%      

JCR Pharmaceuticals Co., Ltd.

     600        45,968  

Kaken Pharmaceutical Co., Ltd.

     3,600        166,884  

KYORIN Holdings, Inc.

     8,000        132,427  

Mochida Pharmaceutical Co., Ltd.

     2,200        84,071  

Nichi-iko Pharmaceutical Co., Ltd.(a)

     4,400        48,937  

Sawai Pharmaceutical Co., Ltd.

     2,800        144,566  

Seikagaku Corp.

     3,900        40,814  

Torii Pharmaceutical Co., Ltd.

     1,400        37,372  

Towa Pharmaceutical Co., Ltd.

     1,900        44,021  

Tsumura & Co.(a)

     4,700        125,681  

ZERIA Pharmaceutical Co., Ltd.(a)

     2,600        45,661  
     

 

 

 
Total Pharmaceuticals               916,402  
Professional Services – 1.8%      

Altech Corp.(a)

     2,750        39,033  

BayCurrent Consulting, Inc.

     600        26,398  

Benefit One, Inc.(a)

     5,500        103,919  

en-japan, Inc.

     1,900        72,695  

FULLCAST Holdings Co., Ltd.

     1,500        30,382  

Funai Soken Holdings, Inc.

     2,040        46,397  

JAC Recruitment Co., Ltd.(a)

     2,600        49,751  

Link And Motivation, Inc.(a)

     3,300        16,855  

Meitec Corp.

     2,700        132,158  

Nomura Co., Ltd.

     5,900        74,245  

Outsourcing, Inc.

     4,900        46,608  

Quick Co., Ltd.(a)

     2,100        26,329  

Space Co., Ltd.

     3,400        39,639  

Tanseisha Co., Ltd.

     3,200        35,797  

TechnoPro Holdings, Inc.

     1,900        112,514  

Trust Tech, Inc.(a)

     2,000        23,946  

UT Holdings Co., Ltd.

     1,200        25,638  

Weathernews, Inc.

     1,100        33,791  

World Holdings Co., Ltd.(a)

     2,000        29,017  

YAMADA Consulting Group Co., Ltd.

     900        14,057  

Yumeshin Holdings Co., Ltd.(a)

     8,200        66,541  
     

 

 

 
Total Professional Services               1,045,710  
Real Estate Management & Development – 2.7%      

Daibiru Corp.

     6,300        64,472  

Dear Life Co., Ltd.(a)

     6,700        30,253  

Goldcrest Co., Ltd.(a)

     3,000        58,848  

Grandy House Corp.

     4,300        17,864  

Heiwa Real Estate Co., Ltd.

     2,400        53,740  

Ichigo, Inc.

     31,600        127,189  

Japan Property Management Center Co., Ltd.

     1,700      23,249  

Katitas Co., Ltd.(a)

     1,400        57,516  

Keihanshin Building Co., Ltd.(a)

     3,500        42,489  

Kenedix, Inc.

     9,600        48,411  

Mugen Estate Co., Ltd.(a)

     5,000        29,702  

Nippon Commercial Development Co., Ltd.

     1,600        21,585  

Open House Co., Ltd.(a)

     7,600        181,008  

Raysum Co., Ltd.(a)

     6,700        69,495  

SAMTY Co., Ltd.

     5,200        90,648  

Shinoken Group Co., Ltd.(a)

     4,600        40,818  

Star Mica Holdings Co., Ltd.

     1,000        17,349  

Sun Frontier Fudousan Co., Ltd.

     5,200        62,020  

Takara Leben Co., Ltd.(a)

     14,200        54,921  

Tokyo Tatemono Co., Ltd.

     18,400        258,443  

Tosei Corp.

     4,800        56,672  

Unizo Holdings Co., Ltd.

     4,600        204,941  
     

 

 

 
Total Real Estate Management & Development               1,611,633  
Road & Rail – 1.3%      

Fukuyama Transporting Co., Ltd.(a)

     2,100        73,643  

Hamakyorex Co., Ltd.

     800        25,686  

Ichinen Holdings Co., Ltd.(a)

     1,900        19,128  

Maruzen Showa Unyu Co., Ltd.(a)

     1,400        38,992  

Nankai Electric Railway Co., Ltd.(a)

     2,800        70,858  

Nikkon Holdings Co., Ltd.(a)

     4,100        93,324  

Nishi-Nippon Railroad Co., Ltd.(a)

     2,900        63,648  

Sakai Moving Service Co., Ltd.(a)

     600        34,421  

Seino Holdings Co., Ltd.

     11,300        141,361  

Senko Group Holdings Co., Ltd.(a)

     11,800        91,823  

Sotetsu Holdings, Inc.

     4,400        114,931  
     

 

 

 
Total Road & Rail               767,815  
Semiconductors & Semiconductor Equipment – 1.8%

 

  

Ferrotec Holdings Corp.(a)

     3,700        28,792  

Japan Material Co., Ltd.

     3,200        39,380  

Lasertec Corp.

     1,600        100,079  

Micronics Japan Co., Ltd.

     2,200        17,588  

Mimasu Semiconductor Industry Co., Ltd.

     1,900        30,484  

NuFlare Technology, Inc.

     700        49,678  

Optorun Co., Ltd.

     3,100        87,772  

SCREEN Holdings Co., Ltd.

     3,500        206,292  

Shibaura Mechatronics Corp.

     700        18,660  

Shindengen Electric Manufacturing Co., Ltd.

     1,100        35,420  

Shinko Electric Industries Co., Ltd.(a)

     10,600        90,234  

Tokyo Seimitsu Co., Ltd.

     5,700        167,453  

Ulvac, Inc.

     4,100        164,645  

Yamaichi Electronics Co., Ltd.(a)

     2,700        30,479  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     1,066,956  
Software – 0.5%      

Broadleaf Co., Ltd.(a)

     6,700        36,081  

Computer Engineering & Consulting Ltd.

     1,400        26,141  

Fuji Soft, Inc.

     800        33,791  

Fukui Computer Holdings, Inc.

     1,000        22,743  

Infomart Corp.(a)

     2,100        32,722  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Miroku Jyoho Service Co., Ltd.

     1,000      $ 27,277  

SRA Holdings

     1,400        30,986  

Systena Corp.(a)

     3,600        53,496  

UNITED, Inc.(a)

     3,800        41,736  
     

 

 

 
Total Software               304,973  
Specialty Retail – 4.4%      

Adastria Co., Ltd.

     2,922        65,672  

Alpen Co., Ltd.

     3,400        53,544  

AOKI Holdings, Inc.(a)

     12,500        120,171  

Aoyama Trading Co., Ltd.(a)

     6,300        109,707  

Arcland Sakamoto Co., Ltd.

     2,200        25,506  

Autobacs Seven Co., Ltd.(a)

     7,900        129,236  

Bic Camera, Inc.

     11,700        123,090  

Chiyoda Co., Ltd.

     4,500        70,409  

DCM Holdings Co., Ltd.(a)

     10,800        105,926  

EDION Corp.(a)

     9,700        93,612  

Geo Holdings Corp.

     3,400        40,363  

Honeys Holdings Co., Ltd.

     2,100        28,350  

IDOM, Inc.

     12,000        52,741  

JINS Holdings, Inc.

     600        35,586  

Joshin Denki Co., Ltd.

     2,000        39,584  

Joyful Honda Co., Ltd.

     5,800        74,435  

K’s Holdings Corp.

     18,768        204,221  

Keiyo Co., Ltd.(a)

     5,200        23,673  

Kohnan Shoji Co., Ltd.

     2,500        55,193  

Komeri Co., Ltd.

     2,700        54,512  

Konaka Co., Ltd.

     9,300        35,625  

LIXIL VIVA Corp.(a)

     5,300        79,641  

Nishimatsuya Chain Co., Ltd.

     3,600        30,645  

Nojima Corp.

     2,700        45,269  

PAL GROUP Holdings Co., Ltd.

     1,700        52,538  

Sac’s Bar Holdings, Inc.

     3,100        25,529  

Sanrio Co., Ltd.(a)

     3,357        64,640  

Shimachu Co., Ltd.

     4,300        104,998  

Shimamura Co., Ltd.

     2,600        205,931  

T-Gaia Corp.(a)

     8,400        169,360  

United Arrows Ltd.

     1,900        55,554  

VT Holdings Co., Ltd.

     14,554        59,792  

World Co., Ltd.(a)

     2,200        50,402  

Xebio Holdings Co., Ltd.

     4,400        47,919  

Yellow Hat Ltd.

     3,200        47,138  
     

 

 

 
Total Specialty Retail               2,580,512  
Technology Hardware, Storage & Peripherals – 0.6%

 

  

Elecom Co., Ltd.

     1,800        70,618  

Maxell Holdings Ltd.(a)

     3,000        42,831  

MCJ Co., Ltd.

     8,400        52,852  

Riso Kagaku Corp.

     3,700        56,386  

Roland DG Corp.

     1,300        24,021  

Toshiba TEC Corp.

     2,900        85,598  

Wacom Co., Ltd.(a)

     8,800        28,580  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     360,886  
Textiles, Apparel & Luxury Goods – 1.7%      

Asics Corp.(a)

     10,900      186,079  

Baroque Japan Ltd.(a)

     4,300        40,503  

Descente Ltd.

     3,100        40,961  

Fujibo Holdings, Inc.

     1,700        47,347  

Goldwin, Inc.(a)

     800        68,545  

Gunze Ltd.

     1,300        54,249  

Japan Wool Textile Co., Ltd. (The)

     6,600        60,336  

Kurabo Industries Ltd.

     1,400        29,198  

Morito Co., Ltd.

     3,600        26,248  

Onward Holdings Co., Ltd.

     16,239        84,294  

Seiko Holdings Corp.(a)

     4,400        97,140  

Seiren Co., Ltd.

     5,300        60,908  

Wacoal Holdings Corp.

     5,200        133,615  

Yondoshi Holdings, Inc.(a)

     2,300        55,885  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               985,308  
Thrifts & Mortgage Finance – 0.1%      

Aruhi Corp.(a)

     2,500        55,679  
Trading Companies & Distributors – 2.3%      

Advan Co., Ltd.

     4,200        44,730  

Alconix Corp.(a)

     2,200        25,588  

Gecoss Corp.(a)

     4,000        31,682  

Hanwa Co., Ltd.

     5,500        150,331  

Inaba Denki Sangyo Co., Ltd.

     2,200        96,081  

Inabata & Co., Ltd.(a)

     5,500        67,583  

Kanaden Corp.

     2,800        33,136  

Kanamoto Co., Ltd.

     2,200        54,616  

Kanematsu Corp.

     10,700        120,192  

Kokusai Pulp & Paper Co., Ltd.(a)

     8,900        25,364  

Mitsui Matsushima Holdings Co., Ltd.

     1,700        18,892  

Nagase & Co., Ltd.

     8,000        111,478  

Nichiden Corp.

     2,600        48,524  

Nippon Steel Trading Corp.(a)

     3,896        152,307  

Nishio Rent All Co., Ltd.

     1,800        46,201  

Onoken Co., Ltd.(a)

     3,500        42,554  

Sanyo Trading Co., Ltd.

     1,100        21,659  

Trusco Nakayama Corp.(a)

     2,700        63,006  

Wakita & Co., Ltd.

     4,900        48,150  

Yamazen Corp.(a)

     9,000        78,279  

Yuasa Trading Co., Ltd.

     2,900        82,646  
     

 

 

 
Total Trading Companies & Distributors               1,362,999  
Transportation Infrastructure – 0.6%      

Japan Airport Terminal Co., Ltd.(a)

     2,100        90,937  

Kamigumi Co., Ltd.

     5,700        129,110  

Mitsubishi Logistics Corp.(a)

     3,300        83,878  

Nissin Corp.

     1,700        24,491  
     

 

 

 
Total Transportation Infrastructure               328,416  
TOTAL COMMON STOCKS
(Cost: $63,023,709)
              57,905,060  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2019

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 19.5%

 

United States – 19.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(b)

     
(Cost: $11,418,012)(c)      11,418,012      $ 11,418,012  
TOTAL INVESTMENTS IN SECURITIES – 118.2%
(Cost: $74,441,721)

 

     69,323,072  

Other Assets less Liabilities – (18.2)%

 

     (10,679,545
     

 

 

 
NET ASSETS – 100.0%

 

   $ 58,643,527  
(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(c) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $16,704,437 and the total market value of the collateral held by the Fund was $17,611,337. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,193,325.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/3/2019       1,221,242,737       JPY       11,300,416       USD     $ 257     $  

Bank of America N.A.

    10/3/2019       11,300,416       USD       1,196,769,426       JPY       226,205        

Bank of America N.A.

    11/6/2019       12,404,687       USD       1,337,640,815       JPY             (453

Barclays Bank PLC

    10/3/2019       11,300,416       USD       1,196,814,628       JPY       225,787        

Citibank N.A.

    10/3/2019       1,221,214,486       JPY       11,300,416       USD             (4

Citibank N.A.

    10/3/2019       11,300,416       USD       1,196,828,188       JPY       225,661        

Citibank N.A.

    11/6/2019       12,404,687       USD       1,337,642,056       JPY             (464

Commonwealth Bank of Australia

    10/2/2019       32,383       USD       3,500,000       JPY             (2

Goldman Sachs

    10/3/2019       1,221,240,477       JPY       11,300,416       USD       236        

Goldman Sachs

    10/3/2019       11,300,416       USD       1,196,785,247       JPY       226,058        

Goldman Sachs

    11/6/2019       12,404,687       USD       1,337,639,575       JPY             (441

JP Morgan Chase Bank N.A.

    10/3/2019       1,221,237,087       JPY       11,300,416       USD       205        

JP Morgan Chase Bank N.A.

    11/6/2019       12,404,687       USD       1,337,640,815       JPY             (453

Royal Bank of Canada

    10/3/2019       930,461,428       JPY       8,609,843       USD       108        

Royal Bank of Canada

    11/6/2019       9,451,191       USD       1,019,144,608       JPY             (249

UBS AG

    10/3/2019       8,609,843       USD       911,773,763       JPY       172,817        
                                            $ 1,077,334     $ (2,066

 

CURRENCY LEGEND
JPY   Japanese yen
USD   U.S. dollar

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (unaudited)

WisdomTree Trust

September 30, 2019

 

 

 

    

WisdomTree

Europe

Hedged
Equity Fund

   

WisdomTree
Europe

Hedged
SmallCap
Equity Fund

    WisdomTree
Germany
Hedged
Equity Fund
   

WisdomTree
International
Hedged

Quality

Dividend
Growth Fund

   

WisdomTree

Japan Hedged
Equity Fund

    WisdomTree
Japan Hedged
SmallCap
Equity Fund
 

ASSETS:

 

Investments, at cost

  $ 3,731,426,092     $ 94,636,049     $ 48,337,444     $ 463,895,197     $ 2,944,652,613     $ 74,441,721  

Investment in affiliates, at cost (Note 3)

                      2,245,332              

Foreign currency, at cost

    348,476       34,035       754,906       49,074       242,645       90,951  

Investments in securities, at value1,2 (Note 2)

    3,525,276,108       85,407,760       40,893,351       478,888,469       2,668,132,210       69,323,072  

Investment in affiliates, at value (Note 3)

                      2,232,895              

Cash

    31,905       6,809       76       154,146       1,181,010       59  

Foreign currency, at value

    347,218       33,909       752,082       48,986       242,645       90,171  

Unrealized appreciation on foreign currency contracts

    48,716,711       1,031,207       505,561       4,481,739       49,571,700       1,077,334  

Receivables:

 

 

Investment securities sold

    16,516,055                               49,262  

Capital shares sold

    584                         306        

Dividends

    105,139       46,590       8,908       1,006,311       27,129,770       518,698  

Securities lending income

    80,888       7,909             8,778       78,526       6,237  

Foreign tax reclaims

    12,374,682       265,300       624,954       1,622,053              

Total Assets

    3,603,449,290       86,799,484       42,784,932       488,443,377       2,746,336,167       71,064,833  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

    1,681,742       37,331       14,390       962,510       2,064,021       2,066  

Payables:

 

 

Cash collateral received for securities loaned (Note 2)

    161,086,597       2,339,773             13,041,841       163,326,758       11,418,012  

Investment securities purchased

    39,799,478       787,720       1,131,837       478,629       41,079,445       973,664  

Capital shares redeemed

    16,741,684                                

Advisory fees (Note 3)

    1,609,816       40,216       16,705       218,845       1,001,642       27,357  

Service fees (Note 2)

    12,213       305       152       1,667       9,182       207  

Total Liabilities

    220,931,530       3,205,345       1,163,084       14,703,492       207,481,048       12,421,306  

NET ASSETS

  $ 3,382,517,760     $ 83,594,139     $ 41,621,848     $ 473,739,885     $ 2,538,855,119     $ 58,643,527  

NET ASSETS:

 

Paid-in capital

  $ 5,095,734,024     $ 102,353,484     $ 74,857,547     $ 457,831,164     $ 4,543,369,955     $ 87,266,256  

Total distributable earnings (loss)

    (1,713,216,264     (18,759,345     (33,235,699     15,908,721       (2,004,514,836     (28,622,729

NET ASSETS

  $ 3,382,517,760     $ 83,594,139     $ 41,621,848     $ 473,739,885     $ 2,538,855,119     $ 58,643,527  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

    50,250,000       2,750,000       1,400,000       14,150,000       50,700,000       1,500,000  

Net asset value per share

  $ 67.31     $ 30.40     $ 29.73     $ 33.48     $ 50.08     $ 39.10  

1 Includes market value of securities out on loan of:

  $ 169,592,006     $ 4,056,958           $ 18,298,463     $ 253,356,622     $ 16,704,437  

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      45  


Table of Contents

Statements of Operations (unaudited)

WisdomTree Trust

For the Six Months Ended September 30, 2019

 

 

 

    

WisdomTree

Europe

Hedged
Equity Fund

    WisdomTree
Europe
Hedged
SmallCap
Equity Fund
    WisdomTree
Germany
Hedged
Equity Fund
   

WisdomTree
International
Hedged

Quality
Dividend
Growth Fund

    WisdomTree
Japan Hedged
Equity Fund
    WisdomTree
Japan Hedged
SmallCap
Equity Fund
 

INVESTMENT INCOME:

           

Dividends1

  $ 68,941,752     $ 3,398,670     $ 1,384,410     $ 6,925,262     $ 37,476,205     $ 693,148  

Dividends from affiliates (Note 3)

                      10,858              

Interest

    284                                

Non-cash dividends

    6,713,181       142,935             50,729              

Securities lending income (Note 2)

    896,794       115,779             92,793       281,119       31,362  

Total investment income

    76,552,011       3,657,384       1,384,410       7,079,642       37,757,324       724,510  

EXPENSES:

           

Advisory fees (Note 3)

    10,273,237       305,484       112,688       1,295,203       6,923,482       198,441  

Service fees (Note 2)

    77,934       2,317       1,033       9,826       63,465       1,506  

Total expenses

    10,351,171       307,801       113,721       1,305,029       6,986,947       199,947  

Expense waivers (Note 3)

                      (1,673            

Net expenses

    10,351,171       307,801       113,721       1,303,356       6,986,947       199,947  

Net investment income

    66,200,840       3,349,583       1,270,689       5,776,286       30,770,377       524,563  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

     

Net realized gain (loss) from:

           

Investment transactions

    (84,366,756     (1,915,382     (450,446     (10,401,039     (18,369,303     (3,248,877

In-kind redemptions

    57,854,420       3,082,601       163,558       1,000,062       (12,269,783     (666,184

Futures contracts

    (54,729                              

Foreign currency contracts

    161,074,343       5,043,568       2,354,444       17,994,021       (103,450,327     (2,521,245

Foreign currency related transactions

    (19,991     12,987       2,260       125,146       638,984       15,950  

Net realized gain (loss)

    134,487,287       6,223,774       2,069,816       8,718,190       (133,450,429     (6,420,356

Net increase (decrease) in unrealized appreciation/depreciation:

           

Investment transactions

    59,520,541       (4,637,887     121,636       11,173,600       36,083,798       3,432,816  

Investment transactions in affiliates (Note 3)

                      (12,437            

Foreign currency contracts

    (11,448,267     (960,172     (358,994     (964,771     59,923,280       1,389,951  

Translation of assets and liabilities denominated in foreign currencies

    (361,913     (6,015     (21,392     (5,780     125,183       1,915  

Net increase (decrease) in unrealized appreciation/depreciation

    47,710,361       (5,604,074     (258,750     10,190,612       96,132,261       4,824,682  

Net realized and unrealized gain (loss) on investments

    182,197,648       619,700       1,811,066       18,908,802       (37,318,168     (1,595,674

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ 248,398,488     $ 3,969,283     $ 3,081,755     $ 24,685,088     $ (6,547,791   $ (1,071,111

1 Net of foreign withholding tax of:

  $ 12,873,934     $ 551,436     $ 232,629     $ 700,321     $ 4,164,695     $ 76,523  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

    

WisdomTree Europe

Hedged Equity Fund

    WisdomTree Europe Hedged
SmallCap Equity Fund
    WisdomTree Germany
Hedged Equity Fund
 
     For the
Six Months Ended
September 30, 2019
(unaudited)
   

For the

Year Ended
March 31, 2019

    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
   

For the

Year Ended
March 31, 2019

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 66,200,840     $ 142,722,527     $ 3,349,583     $ 5,809,894     $ 1,270,689     $ 2,577,102  

Net realized gain on investments, futures contracts, foreign currency contracts and foreign currency related transactions

    134,487,287       683,998,604       6,223,774       21,481,618       2,069,816       9,974,735  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    47,710,361       (651,432,771     (5,604,074     (32,540,040     (258,750     (16,071,654

Net increase (decrease) in net assets resulting from operations

    248,398,488       175,288,360       3,969,283       (5,248,528     3,081,755       (3,519,817

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (62,028,250     (113,154,749     (3,275,500     (3,894,030     (1,255,500     (1,590,516

Tax return of capital

          (15,257,371                       (525,501

Total distributions to shareholders

    (62,028,250     (128,412,120     (3,275,500     (3,894,030     (1,255,500     (2,116,017

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

          29,284,459             58,132,712       1,489,195       4,431,404  

Cost of shares redeemed

    (548,210,736     (2,664,748,283     (37,770,230     (82,943,579     (13,234,279     (38,557,229

Net decrease in net assets resulting from capital share transactions

    (548,210,736     (2,635,463,824     (37,770,230     (24,810,867     (11,745,084     (34,125,825

Net Decrease in Net Assets

    (361,840,498     (2,588,587,584     (37,076,447     (33,953,425     (9,918,829     (39,761,659

NET ASSETS:

 

Beginning of period

  $ 3,744,358,258     $ 6,332,945,842     $ 120,670,586     $ 154,624,011     $ 51,540,677     $ 91,302,336  

End of period

  $ 3,382,517,760     $ 3,744,358,258     $ 83,594,139     $ 120,670,586     $ 41,621,848     $ 51,540,677  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    58,600,000       101,050,000       4,000,000       5,050,000       1,800,000       2,950,000  

Shares created

          450,000             1,800,000       50,000       150,000  

Shares redeemed

    (8,350,000     (42,900,000     (1,250,000     (2,850,000     (450,000     (1,300,000

Shares outstanding, end of period

    50,250,000       58,600,000       2,750,000       4,000,000       1,400,000       1,800,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     WisdomTree International
Hedged Quality Dividend Growth Fund
    WisdomTree Japan
Hedged Equity Fund
    WisdomTree Japan Hedged
SmallCap Equity Fund
 
     For the
Six Months Ended
September 30, 2019
(unaudited)
   

For the

Year Ended
March 31, 2019

    For the
Six Months Ended
September 30, 2019
(unaudited)
   

For the

Year Ended
March 31, 2019

    For the
Six Months Ended
September 30, 2019
(unaudited)
   

For the

Year Ended
March 31, 2019

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 5,776,286     $ 9,963,497     $ 30,770,377     $ 101,026,268     $ 524,563     $ 1,680,948  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    8,718,190       68,634,645       (133,450,429     511,695,082       (6,420,356     29,850,611  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    10,190,612       (60,329,580     96,132,261       (1,056,655,433     4,824,682       (41,736,946

Net increase (decrease) in net assets resulting from operations

    24,685,088       18,268,562       (6,547,791     (443,934,083     (1,071,111     (10,205,387

DISTRIBUTIONS TO SHAREHOLDERS:

 

         

Distributable earnings

    (6,474,000     (1,740,568     (37,923,334     (146,097,231     (754,228     (2,960,022

CAPITAL SHARE TRANSACTIONS:

 

         

Net proceeds from sale of shares

    23,291,540       86,584,594       97,984,017       569,935,610              

Cost of shares redeemed

    (6,470,545     (207,596,639     (769,074,744     (3,332,487,004     (22,627,777     (111,171,524

Net increase (decrease) in net assets resulting from capital share transactions

    16,820,995       (121,012,045     (671,090,727     (2,762,551,394     (22,627,777     (111,171,524

Net Increase (Decrease) in Net Assets

    35,032,083       (104,484,051     (715,561,852     (3,352,582,708     (24,453,116     (124,336,933

NET ASSETS:

           

Beginning of period

  $ 438,707,802     $ 543,191,853     $ 3,254,416,971     $ 6,606,999,679     $ 83,096,643     $ 207,433,576  

End of period

  $ 473,739,885     $ 438,707,802     $ 2,538,855,119     $ 3,254,416,971     $ 58,643,527     $ 83,096,643  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    13,650,000       17,650,000       64,550,000       118,500,000       2,100,000       4,700,000  

Shares created

    700,000       2,700,000       2,050,000       10,050,000              

Shares redeemed

    (200,000     (6,700,000     (15,900,000     (64,000,000     (600,000     (2,600,000

Shares outstanding, end of period

    14,150,000       13,650,000       50,700,000       64,550,000       1,500,000       2,100,000  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Table of Contents

Financial Highlights

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe Hedged
Equity Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 63.90     $ 62.67     $ 62.80     $ 52.04     $ 66.16     $ 56.40  

Investment operations:

           

Net investment income1

    1.23       1.79       1.23       1.70       1.29       1.14  

Net realized and unrealized gain (loss)

    3.33       0.90       0.08       10.59       (10.26     11.83  

Total from investment operations

    4.56       2.69       1.31       12.29       (8.97     12.97  

Dividends and distributions to shareholders:

           

Net investment income

    (1.15     (1.29     (1.44     (1.53     (1.35     (1.19

Capital gains

                            (3.80     (2.02

Tax return of capital

          (0.17                        

Total dividends and distributions to shareholders

    (1.15     (1.46     (1.44     (1.53     (5.15     (3.21

Net asset value, end of period

  $ 67.31     $ 63.90     $ 62.67     $ 62.80     $ 52.04     $ 66.16  

TOTAL RETURN2

    7.18     4.33     2.03     24.20     (13.85 )%      24.02

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 3,382,518     $ 3,744,358     $ 6,332,946     $ 9,300,174     $ 13,716,953     $ 17,544,485  

Ratios to average net assets of:

           

Expenses

    0.58 %3      0.58     0.58     0.58     0.58     0.59 %4 

Net investment income

    3.74 %3      2.86     1.91     3.13     2.19     1.91

Portfolio turnover rate5

    18     18     20     24     29     12

 

             
WisdomTree Europe Hedged
SmallCap Equity Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the Period
March 4, 2015*
through
March 31, 2015
 

Net asset value, beginning of period

  $ 30.17     $ 30.62     $ 28.29     $ 23.90     $ 25.94     $ 24.87  

Investment operations:

           

Net investment income1

    0.96       1.06       0.74       0.81       0.61       0.13  

Net realized and unrealized gain (loss)

    0.16       (0.89     2.05       4.25       (1.57     0.94  

Total from investment operations

    1.12       0.17       2.79       5.06       (0.96     1.07  

Dividends and distributions to shareholders:

           

Net investment income

    (0.89     (0.62     (0.45     (0.67     (1.02      

Capital gains

                            (0.06      

Tax return of capital

                (0.01                  

Total dividends and distributions to shareholders

    (0.89     (0.62     (0.46     (0.67     (1.08      

Net asset value, end of period

  $ 30.40     $ 30.17     $ 30.62     $ 28.29     $ 23.90     $ 25.94  

TOTAL RETURN2

    3.78     0.54     9.88     21.62     (3.79 )%      4.30

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 83,594     $ 120,671     $ 154,624     $ 155,594     $ 267,708     $ 125,829  

Ratios to average net assets of:

           

Expenses

    0.58 %3      0.58     0.58     0.58     0.58     0.58 %3 

Net investment income

    6.36 %3      3.55     2.43     3.27     2.47     6.87 %3 

Portfolio turnover rate5

    35     37     37     41     39     1
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Germany Hedged
Equity Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 28.63     $ 30.95     $ 30.40     $ 25.54     $ 31.38     $ 26.98  

Investment operations:

           

Net investment income1

    0.80       1.10       0.87       0.84       0.60       0.16  

Net realized and unrealized gain (loss)

    1.11       (2.64     0.54       4.99       (5.05     5.90  

Total from investment operations

    1.91       (1.54     1.41       5.83       (4.45     6.06  

Dividends and distributions to shareholders:

           

Net investment income

    (0.81     (0.59     (0.64     (0.97     (0.73     (0.41

Capital gains

                            (0.66     (1.25

Tax return of capital

          (0.19     (0.22                  

Total dividends and distributions to shareholders

    (0.81     (0.78     (0.86     (0.97     (1.39     (1.66

Net asset value, end of period

  $ 29.73     $ 28.63     $ 30.95     $ 30.40     $ 25.54     $ 31.38  

TOTAL RETURN2

    6.73     (5.07 )%      4.63     23.62     (14.44 )%      23.70

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 41,622     $ 51,541     $ 91,302     $ 124,648     $ 200,501     $ 291,816  

Ratios to average net assets of:

           

Expenses

    0.48 %3      0.48     0.48     0.48     0.48     0.49 %4 

Net investment income

    5.41 %3      3.66     2.78     3.14     2.18     0.55

Portfolio turnover rate5

    23     16     20     28     38     11

 

             
WisdomTree International Hedged
Quality Dividend Growth Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the Period
May 7, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

  $ 32.14     $ 30.78     $ 28.39     $ 25.73     $ 26.99     $ 24.90  

Investment operations:

           

Net investment income1

    0.42       0.64       0.58       0.56       0.71       0.90  

Net realized and unrealized gain (loss)

    1.40       0.83       1.99       2.80       (1.17     2.18  

Total from investment operations

    1.82       1.47       2.57       3.36       (0.46     3.08  

Dividends and distributions to shareholders:

           

Net investment income

    (0.48     (0.11     (0.18     (0.70     (0.55     (0.23

Capital gains

                            (0.25     (0.76

Total dividends and distributions to shareholders

    (0.48     (0.11     (0.18     (0.70     (0.80     (0.99

Net asset value, end of period

  $ 33.48     $ 32.14     $ 30.78     $ 28.39     $ 25.73     $ 26.99  

TOTAL RETURN2

    5.68     4.78     9.05     13.26     (1.73 )%      12.78

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 473,740     $ 438,708     $ 543,192     $ 479,727     $ 732,050     $ 206,452  

Ratios to average net assets of:

           

Expenses

    0.58 %3,6,8      0.58     0.58     0.58     0.58 %7      0.58 %3 

Net investment income

    2.59 %3,8      2.07     1.89     2.14     2.75     3.89 %3 

Portfolio turnover rate5

    51     56     42     53     48     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 for the WisdomTree International Hedged Quality Dividend Growth Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

8 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan Hedged Equity Fund   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 50.42     $ 55.76     $ 50.40     $ 43.85     $ 55.03     $ 47.50  

Investment operations:

           

Net investment income1

    0.53       1.06       0.92       0.86       0.80       0.91  

Net realized and unrealized gain (loss)

    (0.23     (5.03     5.81       6.67       (9.00     12.34  

Total from investment operations

    0.30       (3.97     6.73       7.53       (8.20     13.25  

Dividends and distributions to shareholders:

           

Net investment income

    (0.64     (1.37     (1.37     (0.98     (0.76     (0.94

Capital gains

                            (2.22     (4.78

Total dividends and distributions to shareholders

    (0.64     (1.37     (1.37     (0.98     (2.98     (5.72

Net asset value, end of period

  $ 50.08     $ 50.42     $ 55.76     $ 50.40     $ 43.85     $ 55.03  

TOTAL RETURN2

    0.64     (7.20 )%      13.45     17.45     (15.64 )%      29.30

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 2,538,855     $ 3,254,417     $ 6,607,000     $ 8,411,670     $ 9,737,132     $ 15,806,850  

Ratios to average net assets of:

           

Expenses

    0.48 %3      0.48     0.48     0.48     0.48     0.49 %4 

Net investment income

    2.13 %3      1.96     1.67     1.91     1.52     1.81

Portfolio turnover rate5

    12     23     18     37     27     31

 

             
WisdomTree Japan Hedged SmallCap
Equity Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 39.57     $ 44.13     $ 37.28     $ 31.24     $ 33.65     $ 29.08  

Investment operations:

           

Net investment income1

    0.29       0.51       0.64       0.70       0.41       0.47  

Net realized and unrealized gain (loss)

    (0.32     (4.31     6.91       5.94       (1.59     6.74  

Total from investment operations

    (0.03     (3.80     7.55       6.64       (1.18     7.21  

Dividends and distributions to shareholders:

           

Net investment income

    (0.44     (0.76     (0.70     (0.60     (0.35     (0.41

Capital gains

                            (0.88     (2.23

Total dividends and distributions to shareholders

    (0.44     (0.76     (0.70     (0.60     (1.23     (2.64

Net asset value, end of period

  $ 39.10     $ 39.57     $ 44.13     $ 37.28     $ 31.24     $ 33.65  

TOTAL RETURN2

    (0.02 )%      (8.77 )%      20.42     21.64     (3.83 )%6      25.86

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 58,644     $ 83,097     $ 207,434     $ 115,561     $ 90,584     $ 117,762  

Ratios to average net assets of:

           

Expenses

    0.58 %3      0.58     0.58     0.58     0.58     0.59 %4 

Net investment income

    1.53 %3      1.20     1.51     2.11     1.20     1.52

Portfolio turnover rate5

    28     38     30     48     45     41
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48% and 0.58%, for WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity Fund, respectively.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

6 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.95% lower.

 

See Notes to Financial Statements.

 

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Table of Contents

Notes to Financial Statements (unaudited)

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards 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.

 

   
Fund    Commencement
of Operations
 

WisdomTree Europe Hedged Equity Fund (“Europe Hedged Equity Fund’’)

     December 31, 2009  

WisdomTree Europe Hedged SmallCap Equity Fund (“Europe Hedged SmallCap Equity Fund’’)

     March 4, 2015  

WisdomTree Germany Hedged Equity Fund (“Germany Hedged Equity Fund’’)

     October 17, 2013  

WisdomTree International Hedged Quality Dividend Growth Fund (“International Hedged Quality Dividend Growth Fund’’)

     May 7, 2014  

WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund’’)

     June 16, 2006  

WisdomTree Japan Hedged SmallCap Equity Fund (“Japan Hedged SmallCap Equity Fund’’)

     June 28, 2013  

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g. broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time.

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

 

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Notes to Financial Statements (unaudited) (continued)

 

which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates,

prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or prices obtained from independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models may use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation

 

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Notes to Financial Statements (unaudited) (continued)

 

approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The following is a summary of the fair valuations according to the inputs used as of September 30, 2019 in valuing each Fund’s assets:

 

       
Europe Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 3,364,189,511      $      $  

Investment of Cash Collateral for Securities Loaned

            161,086,597         

Total

   $ 3,364,189,511      $ 161,086,597      $  

Unrealized Appreciation on Foreign Currency Contracts

            48,716,711         

Unrealized Depreciation on Foreign Currency Contracts

            (1,681,742       

Total - Net

   $ 3,364,189,511      $ 208,121,566      $  
        
       
Europe Hedged SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 83,067,987      $      $  

Investment of Cash Collateral for Securities Loaned

            2,339,773         

Total

   $ 83,067,987      $ 2,339,773      $  

Unrealized Appreciation on Foreign Currency Contracts

            1,031,207         

Unrealized Depreciation on Foreign Currency Contracts

            (37,331       

Total - Net

   $ 83,067,987      $ 3,333,649      $  
        
       
Germany Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 40,893,351      $      $  

Total

   $ 40,893,351      $      $  

Unrealized Appreciation on Foreign Currency Contracts

            505,561         

Unrealized Depreciation on Foreign Currency Contracts

            (14,390       

Total - Net

   $ 40,893,351      $ 491,171      $  
        
       
International Hedged Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 465,846,628      $      $  

Exchange-Traded Fund

     2,232,895                

Investment of Cash Collateral for Securities Loaned

            13,041,841         

Total

   $ 468,079,523      $ 13,041,841      $  

Unrealized Appreciation on Foreign Currency Contracts

            4,481,739         

Unrealized Depreciation on Foreign Currency Contracts

            (962,510       

Total - Net

   $ 468,079,523      $ 16,561,070      $  
        
       
Japan Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,504,805,452      $      $  

Investment of Cash Collateral for Securities Loaned

            163,326,758         

Total

   $ 2,504,805,452      $ 163,326,758      $  

Unrealized Appreciation on Foreign Currency Contracts

            49,571,700         

Unrealized Depreciation on Foreign Currency Contracts

            (2,064,021       

Total - Net

   $ 2,504,805,452      $ 210,834,437      $         —  

 

54   WisdomTree Trust


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Notes to Financial Statements (unaudited) (continued)

 

       
Japan Hedged SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 57,905,060      $      $  

Investment of Cash Collateral for Securities Loaned

            11,418,012         

Total

   $ 57,905,060      $ 11,418,012      $  

Unrealized Appreciation on Foreign Currency Contracts

            1,077,334         

Unrealized Depreciation on Foreign Currency Contracts

            (2,066       

Total - Net

   $ 57,905,060      $ 12,493,280      $         —  
  *

Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

During the six months ended September 30, 2019, 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 and futures contracts during the period ended September 30, 2019 and open positions in such derivatives as of September 30, 2019 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at September 30, 2019 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on page 59. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of September 30, 2019, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.

As of September 30, 2019, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

     
     Asset Derivatives      Liability Derivatives  
Fund    Balance Sheet Location    Value      Balance Sheet Location    Value  

Europe Hedged Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $ 48,716,711      Unrealized depreciation on foreign currency contracts    $ 1,681,742  

Europe Hedged SmallCap Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      1,031,207      Unrealized depreciation on foreign currency contracts      37,331  

Germany Hedged Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      505,561      Unrealized depreciation on foreign currency contracts      14,390  

International Hedged Quality Dividend Growth Fund

 

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      4,481,739      Unrealized depreciation on foreign currency contracts      962,510  

Japan Hedged Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      49,571,700      Unrealized depreciation on foreign currency contracts      2,064,021  

Japan Hedged SmallCap Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      1,077,334      Unrealized depreciation on foreign currency contracts      2,066  

 

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Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

For the six months ended September 30, 2019, the effects of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

Europe Hedged Equity Fund

     

Foreign exchange contracts

   $ 161,074,343      $ (11,448,267

Equity contracts

     (54,729       

Europe Hedged SmallCap Equity Fund

     

Foreign exchange contracts

     5,043,568        (960,172

Germany Hedged Equity Fund

     

Foreign exchange contracts

     2,354,444        (358,994

International Hedged Quality Dividend Growth Fund

     

Foreign exchange contracts

     17,994,021        (964,771

Japan Hedged Equity Fund

     

Foreign exchange contracts

     (103,450,327      59,923,280  

Japan Hedged SmallCap Equity Fund

     

Foreign exchange contracts

     (2,521,245      1,389,951  

 

  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts

Equity contracts

   Net realized gain (loss) from futures contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

During the six months ended September 30, 2019, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:

 

   
     Average Notional  
Fund    Foreign currency
contracts
(to deliver
USD)
     Foreign currency
contracts
(to receive
USD)
     Futures
contracts
(long)
 

Europe Hedged Equity Fund

 

  

Equity contracts1

   $      $      $ 3,562,648  

Foreign exchange contracts

     3,594,168,545        7,127,816,573         

Europe Hedged SmallCap Equity Fund

 

  

Foreign exchange contracts

     110,784,074        215,239,480         

Germany Hedged Equity Fund

 

  

Foreign exchange contracts

     47,823,202        93,746,930         

International Hedged Quality Dividend Growth Fund

 

  

Foreign exchange contracts

     444,484,637        889,751,810         

Japan Hedged Equity Fund

 

  

Foreign exchange contracts

     3,024,794,803        5,887,267,225         

Japan Hedged SmallCap Equity Fund

 

  

Foreign exchange contracts

     73,442,609        141,573,528         

 

  1 

The volume of derivative activity for the period is based on intra-month balances.

Investment Transactions and Investment Income Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Income earned from securities lending activities (i.e. Securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment

 

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Notes to Financial Statements (unaudited) (continued)

 

transactions and net increase (decrease) in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or increase (decrease) in unrealized appreciation (depreciation) from translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency forward and foreign currency futures contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — The Funds utilized forward foreign currency contracts (“Forward Contracts”) to obtain a net short exposure to foreign currencies consistent with each Fund’s investment objective. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

 

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Notes to Financial Statements (unaudited) (continued)

 

Futures Contracts — The Europe Hedged Equity 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 variation margin payments may be made or received when the futures contract expires. Variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.

As of September 30, 2019, there were no open futures contracts in the Funds.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.

Master Netting Arrangements — 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”), such as Forward Contracts, and typically contains, among other things, collateral

 

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posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of September 30, 2019, 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
 

Europe Hedged Equity Fund

 

Securities Lending

  $ 169,592,006     $     $ (169,592,006 )1    $     $     $     $     $  

Foreign Currency Contracts

    48,716,711       (1,681,742           47,034,969       1,681,742       (1,681,742            

Europe Hedged SmallCap Equity Fund

               

Securities Lending

    4,056,958             (4,056,958 )1                               

Foreign Currency Contracts

    1,031,207       (36,666           994,541       37,331       (36,666           665  

Germany Hedged Equity Fund

 

Foreign Currency Contracts

    505,561       (14,133           491,428       14,390       (14,133           257  

International Hedged Quality Dividend Growth Fund

               

Securities Lending

    18,298,463             (18,298,463 )1                               

Foreign Currency Contracts

    4,481,739       (961,066           3,520,673       962,510       (961,066           1,444  

Japan Hedged Equity Fund

               

Securities Lending

    253,356,622             (253,356,622 )1                               

Foreign Currency Contracts

    49,571,700       (2,064,021           47,507,679       2,064,021       (2,064,021            

Japan Hedged SmallCap Equity Fund

               

Securities Lending

    16,704,437             (16,704,437 )1                               

Foreign Currency Contracts

    1,077,334       (1,675           1,075,659       2,066       (1,675           391  
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its

 

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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 Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

Europe Hedged Equity Fund

     0.58

Europe Hedged SmallCap Equity Fund

     0.58

Germany Hedged Equity Fund

     0.48

International Hedged Quality Dividend Growth Fund

     0.58

Japan Hedged Equity Fund

     0.48

Japan Hedged SmallCap Equity Fund

     0.58

Each Fund may purchase shares of affiliated ETFs in secondary market transactions to reduce cash balances. For these transactions, WTAM waives its advisory fees for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are shown in the Statements of Operations in “Expense waivers”.

 

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Notes to Financial Statements (unaudited) (continued)

 

Affiliated holdings are holdings in funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the six months ended September 30, 2019 are as follows:

 

               
Fund   Value at
3/31/2019
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
9/30/2019
    Dividend
Income
 

International Hedged Quality Dividend Growth Fund

             

International Quality Dividend Growth Fund

  $     $ 2,245,332     $     $     $ (12,437   $ 2,232,895     $ 10,858  

During the six months ended September 30, 2019, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the six months ended September 30, 2019, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/Loss
 

Europe Hedged Equity Fund

   $ 14,204,324      $ 51,386,611      $ 1,831,521  

Europe Hedged SmallCap Equity Fund

     5,152,737        4,373,492        (1,144,412

Germany Hedged Equity Fund

     418,110        2,943,096        (350,766

International Hedged Quality Dividend Growth Fund

     62,957,186        41,038,320        (11,852,609

Japan Hedged Equity Fund

     17,638,085        25,115,850        2,181,460  

Japan Hedged SmallCap Equity Fund

     2,173,843        3,584,913        (921,520

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of and for the six months ended September 30, 2019, WTAM held shares of and received distributions from the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

 

       
Fund    Fund Shares
held by WTAM
     Market Value of
Fund Shares
held by WTAM
     Dividends and
Distributions
paid to WTAM
on Fund Shares
held by WTAM
 

International Hedged Quality Dividend Growth Fund

     48      $ 1,614      $ 23  

Japan Hedged Equity Fund

     20        1,009        11  

4. CAPITAL SHARE TRANSACTIONS

As of September 30, 2019, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities and/or an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the six months ended September 30, 2019 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Europe Hedged Equity Fund

   $ 795,578,743      $ 641,849,372      $      $ 544,261,909  

Europe Hedged SmallCap Equity Fund

     41,464,425        36,893,686               36,863,656  

Germany Hedged Equity Fund

     13,160,226        10,623,856        1,445,299        12,886,086  

International Hedged Quality Dividend Growth Fund

     252,432,226        226,842,679        16,041,487        6,217,366  

Japan Hedged Equity Fund

     349,099,762        434,617,677        96,838,312        737,248,458  

Japan Hedged SmallCap Equity Fund

     19,180,761        20,350,842               22,679,151  

 

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Notes to Financial Statements (unaudited) (concluded)

 

6. FEDERAL INCOME TAXES

At September 30, 2019, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
   

Net
Unrealized
Appreciation/

(Depreciation)

   

Total Net
Unrealized
Appreciation/

(Depreciation)

 

Europe Hedged Equity Fund

  $ 3,763,211,011     $ 421,797,621     $ (659,732,524   $ (237,934,903           $ 160     $     $ 160     $ (237,934,743

Europe Hedged SmallCap Equity Fund

    95,163,688       6,167,492       (15,923,420     (9,755,928                               (9,755,928

Germany Hedged Equity Fund

    48,391,585       3,043,782       (10,542,016     (7,498,234                               (7,498,234

International Hedged Quality Dividend Growth Fund

    467,870,657       44,006,625       (30,755,918     13,250,707               421,725       (15,031     406,694       13,657,401  

Japan Hedged Equity Fund

    2,958,258,034       181,857,185       (471,983,009     (290,125,824                               (290,125,824

Japan Hedged SmallCap Equity Fund

    74,610,685       3,324,968       (8,612,581     (5,287,613                               (5,287,613
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized apprecation/ (depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/ (depreciation) on a GAAP basis. The unrealized appreciation/ (depreciation) for finanacial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

 

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

 

Consideration of the Renewal of Investment Advisory and Sub-Investment Advisory Agreements

At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on September 12-13, 2019 (the “Meeting”), the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the renewal of (i) the Investment Advisory Agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of the series included in this report (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”); and (ii) the Sub Advisory Agreement (the “Sub-Advisory Agreement” and, the Advisory Agreements together with the Sub-Advisory Agreement (the “Agreements”)), pursuant to which Mellon Investments Corporation (the “Sub-Adviser”) coordinates the investment and reinvestment of the assets of the Funds included in this report.

The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 5, 2019, representatives from WTAM presented preliminary information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.

The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services Provided to the Funds. The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to the Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WTI indexes are unique, based on WTI’s intellectual property and are only available for use by the Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each 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 Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight of day-to-day Fund operations, including fund accounting, tax matters, administration and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and the Sub-Adviser under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.

Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and the Sub-Adviser under the Advisory Agreements and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the renewal of the Agreements.

Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each Fund’s performance by how well it tracked the relevant benchmark index, and (2) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Expense Groups and Expense Universes. The Board noted that the Expense Groups and Expense Universes included only pure-index and index-based exchange traded funds (“ETFs”) as comparison funds. The Board also noted that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds. The Board also reviewed reports prepared

 

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by WTAM presenting performance data for Funds with ten years of performance history and for WisdomTree indexes with at least three years of performance history that are tracked by a Fund.

The Board discussed the Funds’ performance, noting that the Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. In response to questions from the Independent Trustees, WTAM representatives discussed the relative performance of the Funds and the factors affecting such performance. On that basis, the Board determined to monitor carefully in the coming year disparities in performance — both positive and negative — but did not believe that the disparities in the past reflected any characteristics requiring immediate action by WTAM or the Sub-Adviser.

The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, as well as the advisory fees and total expenses of certain funds not included in the Broadridge reports that WTAM considers to be significant competitors of the Funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were within five basis points of the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed more significantly from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer data and/or the unique attributes of a Fund.

The Board considered the fees to the Sub-Adviser in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Adviser and WTAM. The Board also noted that the Sub-Adviser’s fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund tracking an index is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk borne by WTAM that is associated with Funds’ unitary fee structure, which frequently includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.

Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the Sub-Adviser and the Fund’s total expenses supported the Board’s approval of the renewal of the relevant Agreements.

Analysis of Profitability and Economies of Scale. WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.

The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and the Sub-Adviser, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized material economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole and the relative size and asset size changes among the Funds. The Board noted that certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid rate (including during the last year) and could continue to do so. WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-investment adviser, respectively, and noted that there were no soft dollar

 

64   WisdomTree Trust


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

 

arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.

*    *    *    *    *    *

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of the Funds and the services provided to the Funds by WTAM and the Sub-Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreements.

 

WisdomTree Trust      65  


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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

Previously, the Funds were required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Beginning in April 2019, the Funds ceased filing Form N-Q and commenced filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

66   WisdomTree Trust


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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.


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WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-2907


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LOGO

 

LOGO

 

WisdomTree Trust

Semi-Annual Report

September 30, 2019

 

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

WisdomTree U.S. High Dividend Fund (DHS)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

WisdomTree U.S. LargeCap Fund (EPS)

WisdomTree U.S. MidCap Dividend Fund (DON)

WisdomTree U.S. MidCap Fund (EZM)

WisdomTree U.S. Multifactor Fund (USMF)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

WisdomTree U.S. SmallCap Dividend Fund (DES)

WisdomTree U.S. SmallCap Fund (EES)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

WisdomTree U.S. Total Dividend Fund (DTD)

WisdomTree U.S. Total Market Fund (EXT)

IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the WisdomTree Funds’ annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, annual and semi-annual shareholder reports will be available on the WisdomTree Funds’ website (www.wisdomtree.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank).

You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account.


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Table of Contents

 

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Indexes (unaudited)

       16  

Schedules of Investments (unaudited)

    

WisdomTree U.S. Dividend ex-Financials Fund

       18  

WisdomTree U.S. High Dividend Fund

       20  

WisdomTree U.S. LargeCap Dividend Fund

       26  

WisdomTree U.S. LargeCap Fund

       30  

WisdomTree U.S. MidCap Dividend Fund

       37  

WisdomTree U.S. MidCap Fund

       43  

WisdomTree U.S. Multifactor Fund

       51  

WisdomTree U.S. Quality Dividend Growth Fund

       54  

WisdomTree U.S. Quality Shareholder Yield Fund

       58  

WisdomTree U.S. SmallCap Dividend Fund

       61  

WisdomTree U.S. SmallCap Fund

       70  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

       80  

WisdomTree U.S. Total Dividend Fund

       84  

WisdomTree U.S. Total Market Fund

       94  

Statements of Assets and Liabilities (unaudited)

       108  

Statements of Operations (unaudited)

       111  

Statements of Changes in Net Assets (unaudited)

       114  

Financial Highlights (unaudited)

       119  

Notes to Financial Statements (unaudited)

       126  

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

       135  

General Information (unaudited)

       138  

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


Table of Contents

Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from April 1, 2019 to September 30, 2019. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/366 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      1  


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Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Energy

    13.5%  

Utilities

    13.4%  

Information Technology

    13.1%  

Consumer Discretionary

    11.9%  

Consumer Staples

    11.6%  

Industrials

    10.2%  

Communication Services

    9.6%  

Materials

    8.4%  

Health Care

    7.9%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

CenturyLink, Inc.

    2.3%  

General Electric Co.

    2.2%  

AT&T, Inc.

    2.2%  

Targa Resources Corp.

    2.1%  

Ford Motor Co.

    1.9%  

General Mills, Inc.

    1.9%  

ONEOK, Inc.

    1.9%  

Western Digital Corp.

    1.9%  

Southern Co. (The)

    1.8%  

International Business Machines Corp.

    1.7%  
*

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

The WisdomTree U.S. Dividend ex-Financials Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend ex-Financials Index (the “Index”). In seeking to track the Index, the Fund invests in high dividend yielding companies in the U.S. equity market excluding the financial sector. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,041.40        0.38   $ 1.94  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       4.14      0.30      7.32      7.22      12.61

Fund Market Price Returns

       4.14      0.31      7.33      7.21      12.60

WisdomTree Dividend Top 100/U.S. Dividend ex-Financials Spliced Index1

       4.34      0.63      7.74      7.64      13.06

Dow Jones U.S. Select Dividend IndexSM

       5.97      6.31      10.00      10.71      13.72
*

Returns of less than one year are cumulative.

 

1 

WisdomTree Dividend Top 100 Index through May 7, 2009; WisdomTree U.S. Dividend ex-Financials Index thereafter.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

2   WisdomTree Trust


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Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. High Dividend Fund (DHS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    15.5%  

Real Estate

    15.1%  

Energy

    12.6%  

Communication Services

    10.7%  

Utilities

    9.8%  

Financials

    9.7%  

Information Technology

    7.6%  

Health Care

    6.6%  

Industrials

    5.6%  

Consumer Discretionary

    5.2%  

Materials

    1.1%  

Investment Company

    0.2%  

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.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

AT&T, Inc.

    5.8%  

Exxon Mobil Corp.

    4.3%  

Verizon Communications, Inc.

    3.8%  

Procter & Gamble Co. (The)

    3.3%  

Chevron Corp.

    3.2%  

Wells Fargo & Co.

    3.2%  

Coca-Cola Co. (The)

    2.6%  

International Business Machines Corp.

    2.5%  

Philip Morris International, Inc.

    2.4%  

Pfizer, 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. High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high dividend yielding companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,047.20        0.38   $ 1.94  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       4.72      6.98      7.44      8.32      12.19

Fund Market Price Returns

       4.68      7.05      7.41      8.30      12.19

WisdomTree U.S. High Dividend Index

       4.88      7.27      7.83      8.73      12.62

Russell 1000® Value Index

       5.25      4.00      9.43      7.79      11.46
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      3  


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Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    18.1%  

Financials

    15.5%  

Consumer Staples

    12.3%  

Health Care

    10.7%  

Industrials

    9.8%  

Communication Services

    7.9%  

Energy

    7.4%  

Consumer Discretionary

    6.5%  

Utilities

    5.6%  

Real Estate

    4.4%  

Materials

    1.5%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    3.8%  

Microsoft Corp.

    3.7%  

AT&T, Inc.

    3.6%  

Exxon Mobil Corp.

    2.6%  

JPMorgan Chase & Co.

    2.5%  

Verizon Communications, Inc.

    2.1%  

Johnson & Johnson

    1.9%  

Procter & Gamble Co. (The)

    1.8%  

Chevron Corp.

    1.8%  

Wells Fargo & Co.

    1.7%  
*

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

The WisdomTree U.S. LargeCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,066.10        0.28   $ 1.45  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       6.61      6.82      11.71      9.81      12.69

Fund Market Price Returns

       6.62      6.88      11.70      9.80      12.70

WisdomTree U.S. LargeCap Dividend Index

       6.76      7.07      12.03      10.12      13.04

S&P 500® Index

       6.08      4.25      13.39      10.84      13.24

Russell 1000® Value Index

       5.25      4.00      9.43      7.79      11.46
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

4   WisdomTree Trust


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Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. LargeCap Fund (EPS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    22.1%  

Financials

    21.4%  

Communication Services

    10.4%  

Health Care

    9.8%  

Industrials

    9.6%  

Consumer Discretionary

    8.8%  

Consumer Staples

    7.0%  

Energy

    4.2%  

Utilities

    3.0%  

Materials

    1.9%  

Real Estate

    1.6%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    5.9%  

Microsoft Corp.

    3.0%  

Berkshire Hathaway, Inc., Class B

    2.5%  

JPMorgan Chase & Co.

    2.5%  

Alphabet, Inc., Class A

    2.4%  

Bank of America Corp.

    2.1%  

Facebook, Inc., Class A

    1.9%  

Intel Corp.

    1.6%  

Citigroup, Inc.

    1.5%  

Wells Fargo & Co.

    1.3%  
*

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

The WisdomTree U.S. LargeCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating large-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,065.80        0.08   $ 0.41  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.60        0.08   $ 0.40  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       6.58      4.83      13.52      10.01      12.72

Fund Market Price Returns

       6.64      4.88      13.53      10.03      12.75

WisdomTree U.S. LargeCap Index

       6.63      5.01      13.83      10.30      13.03

S&P 500® Index

       6.08      4.25      13.39      10.84      13.24
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      5  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. MidCap Dividend Fund (DON)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    18.1%  

Real Estate

    16.0%  

Industrials

    14.0%  

Financials

    10.2%  

Materials

    9.3%  

Utilities

    9.0%  

Information Technology

    8.3%  

Energy

    6.1%  

Consumer Staples

    4.4%  

Communication Services

    2.2%  

Health Care

    1.9%  

Investment Company

    0.3%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Targa Resources Corp.

    1.7%  

Coty, Inc., Class A

    1.1%  

Campbell Soup Co.

    1.1%  

Hasbro, Inc.

    0.9%  

Western Union Co. (The)

    0.9%  

L Brands, Inc.

    0.9%  

J.M. Smucker Co. (The)

    0.9%  

Whirlpool Corp.

    0.9%  

Baker Hughes a GE Co.

    0.9%  

WestRock Co.

    0.8%  
*

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

The WisdomTree U.S. MidCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying mid-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,029.30        0.38   $ 1.93  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       2.93      0.79      8.75      9.61      13.47

Fund Market Price Returns

       2.91      0.88      8.74      9.60      13.47

WisdomTree U.S. MidCap Dividend Index

       3.08      1.07      9.14      10.00      13.90

S&P MidCap 400® Index

       2.96      -2.49      9.38      8.88      12.56

Russell MidCap Value Index

       4.45      1.60      7.82      7.55      12.29
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

6   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. MidCap Fund (EZM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    20.5%  

Financials

    18.8%  

Consumer Discretionary

    16.2%  

Information Technology

    12.6%  

Materials

    8.1%  

Real Estate

    6.6%  

Health Care

    4.6%  

Consumer Staples

    3.6%  

Utilities

    3.5%  

Energy

    2.8%  

Communication Services

    2.5%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

PulteGroup, Inc.

    1.2%  

Huntsman Corp.

    0.9%  

Reliance Steel & Aluminum Co.

    0.7%  

Santander Consumer USA Holdings, Inc.

    0.7%  

Toll Brothers, Inc.

    0.6%  

GrafTech International Ltd.

    0.6%  

Arrow Electronics, Inc.

    0.6%  

Teradyne, Inc.

    0.6%  

Crown Holdings, Inc.

    0.6%  

WABCO Holdings, Inc.

    0.5%  
*

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

The WisdomTree U.S. MidCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating mid-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,011.90        0.38   $ 1.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       1.19      -3.00      8.87      7.71      12.81

Fund Market Price Returns

       1.13      -3.08      8.80      7.70      12.81

WisdomTree U.S. MidCap Index

       1.40      -2.66      9.26      8.05      13.18

S&P MidCap 400® Index

       2.96      -2.49      9.38      8.88      12.56
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      7  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. Multifactor Fund (USMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    21.3%  

Health Care

    13.9%  

Financials

    12.5%  

Consumer Discretionary

    10.6%  

Communication Services

    10.5%  

Industrials

    9.4%  

Consumer Staples

    7.5%  

Energy

    4.4%  

Utilities

    3.6%  

Real Estate

    3.5%  

Materials

    2.7%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Citrix Systems, Inc.

    1.4%  

Western Union Co. (The)

    1.4%  

Booz Allen Hamilton Holding Corp.

    1.2%  

Oracle Corp.

    1.2%  

Verizon Communications, Inc.

    1.2%  

Leidos Holdings, Inc.

    1.2%  

CACI International, Inc., Class A

    1.1%  

MAXIMUS, Inc.

    1.1%  

AT&T, Inc.

    1.1%  

Chevron Corp.

    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 U.S. Multifactor Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index (the “Index”). In seeking to track the Index, the Fund invests in U.S. companies with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,055.80        0.28   $ 1.44  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      Since Inception1  

Fund NAV Returns

       5.58      0.44      11.00

Fund Market Price Returns

       5.65      0.55      11.00

WisdomTree U.S. Multifactor Index

       5.73      0.63      11.15

S&P 500® Index

       6.08      4.25      11.82

S&P 500® Equal Weight Index

       4.52      3.40      9.39
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on June 29, 2017.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

8   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    22.3%  

Industrials

    18.1%  

Consumer Staples

    12.7%  

Consumer Discretionary

    11.2%  

Health Care

    9.6%  

Financials

    9.3%  

Communication Services

    7.9%  

Energy

    6.1%  

Materials

    2.6%  

Real Estate

    0.1%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    5.3%  

Microsoft Corp.

    5.1%  

Verizon Communications, Inc.

    4.3%  

Exxon Mobil Corp.

    4.2%  

Procter & Gamble Co. (The)

    3.8%  

Wells Fargo & Co.

    3.6%  

PepsiCo, Inc.

    2.6%  

Home Depot, Inc. (The)

    2.6%  

International Business Machines Corp.

    2.4%  

AbbVie, 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. Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies with growth characteristics in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,061.30        0.28   $ 1.44  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
      Average Annual Total Return  
      6-Month*     1 Year     3 Year     5 Year      Since Inception1  

Fund NAV Returns

     6.13     4.38     14.28     11.46      12.16

Fund Market Price Returns

     6.13     4.43     14.26     11.45      12.16

WisdomTree U.S. Quality Dividend Growth Index

     6.26     4.67     14.64     11.78      12.47

NASDAQ U.S. Dividend AchieversTM Select Index

     9.98     10.09     14.84     11.57      11.46
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on May 22, 2013.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      9  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    20.6%  

Consumer Discretionary

    18.1%  

Financials

    15.9%  

Industrials

    12.7%  

Health Care

    9.0%  

Materials

    6.0%  

Real Estate

    5.3%  

Consumer Staples

    4.6%  

Energy

    4.2%  

Utilities

    2.0%  

Communication Services

    1.5%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Gentex Corp.

    2.3%  

Oracle Corp.

    2.2%  

Discover Financial Services

    2.1%  

Amgen, Inc.

    2.0%  

CDK Global, Inc.

    2.0%  

Hyatt Hotels Corp., Class A

    2.0%  

Phillips 66

    1.9%  

Cisco Systems, Inc.

    1.8%  

Lam Research Corp.

    1.7%  

Citrix Systems, Inc.

    1.6%  
*

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

The WisdomTree U.S. Quality Shareholder Yield Fund (the “Fund”) seeks income and capital appreciation by investing primarily in U.S. equity securities that provide a high total shareholder yield with favorable relative quality characteristics.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,040.10        0.38   $ 1.94  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       4.01      2.00      13.17      9.06      12.00

Fund Market Price Returns

       4.07      2.03      13.15      9.07      12.01

Russell 1000® Value Index

       5.25      4.00      9.43      7.79      11.46
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

10   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. SmallCap Dividend Fund (DES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    18.0%  

Consumer Discretionary

    13.7%  

Real Estate

    13.6%  

Financials

    12.3%  

Materials

    9.6%  

Utilities

    8.8%  

Information Technology

    7.1%  

Consumer Staples

    6.4%  

Communication Services

    5.4%  

Energy

    2.7%  

Health Care

    1.9%  

Investment Company

    0.3%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Vector Group Ltd.

    1.8%  

TerraForm Power, Inc., Class A

    1.8%  

Pattern Energy Group, Inc., Class A

    1.5%  

SemGroup Corp., Class A

    1.0%  

Covanta Holding Corp.

    1.0%  

Cogent Communications Holdings, Inc.

    0.9%  

Compass Minerals International, Inc.

    0.8%  

MDC Holdings, Inc.

    0.8%  

South Jersey Industries, Inc.

    0.7%  

Spectrum Brands Holdings, Inc.

    0.7%  
*

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

The WisdomTree U.S. SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,011.20        0.38   $ 1.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       1.12      -5.06      6.03      7.99      11.64

Fund Market Price Returns

       1.07      -5.02      6.03      8.00      11.63

WisdomTree U.S. SmallCap Dividend Index

       1.28      -4.79      6.37      8.26      11.87

Russell 2000® Index

       -0.36      -8.89      8.23      8.19      11.19

Russell 2000® Value Index

       0.79      -8.24      6.54      7.17      10.06
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      11  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. SmallCap Fund (EES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    24.3%  

Financials

    21.3%  

Industrials

    20.6%  

Information Technology

    8.6%  

Materials

    6.6%  

Energy

    5.6%  

Real Estate

    3.4%  

Health Care

    3.2%  

Consumer Staples

    2.9%  

Communication Services

    2.2%  

Utilities

    1.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Lithia Motors, Inc., Class A

    1.1%  

KB Home

    1.0%  

Taylor Morrison Home Corp., Class A

    0.9%  

Meritage Homes Corp.

    0.8%  

Dana, Inc.

    0.8%  

TRI Pointe Group, Inc.

    0.8%  

Kronos Worldwide, Inc.

    0.7%  

Bed Bath & Beyond, Inc.

    0.7%  

MDC Holdings, Inc.

    0.7%  

LGI Homes, Inc.

    0.6%  
*

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

The WisdomTree U.S. SmallCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating small-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 995.60        0.38   $ 1.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -0.44      -8.97      9.32      8.41      11.71

Fund Market Price Returns

       -0.51      -9.03      9.31      8.40      11.69

WisdomTree U.S. SmallCap Index

       -0.31      -8.79      9.60      8.62      11.94

Russell 2000® Index

       -0.36      -8.89      8.23      8.19      11.19
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

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Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    26.3%  

Consumer Discretionary

    17.7%  

Financials

    16.8%  

Materials

    13.2%  

Information Technology

    6.7%  

Communication Services

    4.7%  

Real Estate

    4.5%  

Utilities

    3.7%  

Consumer Staples

    3.7%  

Health Care

    2.4%  

Energy

    0.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Brookfield Property REIT, Inc., Class A

    2.3%  

Artisan Partners Asset Management, Inc., Class A

    2.2%  

PotlatchDeltic Corp.

    1.7%  

MDC Holdings, Inc.

    1.6%  

Cohen & Steers, Inc.

    1.3%  

LCI Industries

    1.2%  

Kronos Worldwide, Inc.

    1.2%  

Sinclair Broadcast Group, Inc., Class A

    1.2%  

Cabot Corp.

    1.1%  

Washington Federal, Inc.

    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 U.S. SmallCap Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies with growth characteristics in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,037.10        0.38   $ 1.94  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       3.71      -3.03      7.38      8.30      8.19

Fund Market Price Returns

       3.72      -3.02      7.36      8.30      8.17

WisdomTree U.S. SmallCap Quality Dividend Growth Index

       3.91      -2.76      7.70      8.56      8.46

Russell 2000® Index

       -0.36      -8.89      8.23      8.19      7.60
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 25, 2013.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      13  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. Total Dividend Fund (DTD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    16.3%  

Financials

    16.3%  

Consumer Staples

    11.1%  

Industrials

    9.7%  

Health Care

    9.3%  

Real Estate

    8.0%  

Consumer Discretionary

    7.3%  

Communication Services

    7.0%  

Energy

    6.8%  

Utilities

    5.6%  

Materials

    2.3%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    3.3%  

Apple, Inc.

    3.2%  

AT&T, Inc.

    3.0%  

Exxon Mobil Corp.

    2.2%  

JPMorgan Chase & Co.

    2.1%  

Verizon Communications, Inc.

    1.8%  

Johnson & Johnson

    1.6%  

Procter & Gamble Co. (The)

    1.6%  

Chevron Corp.

    1.6%  

Wells Fargo & Co.

    1.5%  
*

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

The WisdomTree U.S. Total Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in U.S. all-cap equities from a broad range of dividend-paying companies. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,061.80        0.28   $ 1.44  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       6.18      6.08      11.19      9.78      12.75

Fund Market Price Returns

       6.16      6.11      11.15      9.76      12.75

WisdomTree U.S. Dividend Index

       6.31      6.30      11.48      10.08      13.17

Russell 3000® Index

       5.31      2.92      12.83      10.44      13.08

Russell 3000® Value Index

       4.95      3.10      9.24      7.76      11.36
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

14   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree U.S. Total Market Fund (EXT)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.3%  

Information Technology

    20.7%  

Industrials

    11.2%  

Communication Services

    9.4%  

Consumer Discretionary

    9.3%  

Health Care

    8.9%  

Consumer Staples

    6.5%  

Energy

    4.0%  

Utilities

    3.0%  

Materials

    2.4%  

Real Estate

    2.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    5.2%  

Microsoft Corp.

    2.7%  

Berkshire Hathaway, Inc., Class B

    2.2%  

JPMorgan Chase & Co.

    2.2%  

Alphabet, Inc., Class A

    2.1%  

Bank of America Corp.

    1.9%  

Facebook, Inc., Class A

    1.7%  

Intel Corp.

    1.3%  

Citigroup, Inc.

    1.3%  

Micron Technology, Inc.

    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 U.S. Total Market Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Total Market Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in U.S. all-cap equities from a broad range of earnings-generating companies. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,059.60        0.28   $ 1.44  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       5.96      3.66      12.98      9.74      12.69

Fund Market Price Returns

       6.11      3.85      13.01      9.75      12.70

WisdomTree U.S. Total Market Index

       5.96      3.89      13.33      10.08      13.03

Russell 3000® Index

       5.31      2.92      12.83      10.44      13.08
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      15  


Table of Contents

Description of Indexes (unaudited)

Below are descriptions of each Index referenced in this report:

The Dow Jones U.S. Select Dividend IndexSM is comprised of 100 U.S. dividend-paying companies.

The NASDAQ U.S. Dividend AchieversTM Select Index is a capitalization-weighted index that measures the performance of U.S. common stocks that have a history of increasing dividends for at least ten consecutive years.

The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.

The Russell 2000® Index is a capitalization-weighted index that is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.

The Russell 2000® Value Index is a capitalization-weighted index that is comprised of the small-capitalization value segment of the U.S. equity universe, selecting from the Russell 2000 Index.

The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.

The Russell 3000® Value Index is a capitalization-weighted index that measures the performance of the value segment of the broad U.S. equity market, selecting from the Russell 3000 Index.

The Russell MidCap Value Index is a capitalization weighted index that measures the midcap value segment of the U.S. equity universe, selecting from the Russell MidCap Index.

The S&P 500® Equal Weight Index is the equal-weight version of the widely used S&P 500 Index. The index includes the same constituents as the capitalization-weighted S&P 500 Index, but each company is allocated a fixed weight — or 0.2% of the index total at each quarterly rebalance.

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

The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.

The WisdomTree Dividend Top 100 Index is comprised of the 100 highest dividend-yielding companies in the WisdomTree U.S. LargeCap Dividend Index.

The WisdomTree U.S. Dividend ex-Financials Index is comprised of high dividend-yielding stocks outside the Financials sector.

The WisdomTree U.S. Dividend Index defines the dividend-paying portion of the U.S. stock market.

The WisdomTree U.S. High Dividend Index is comprised of companies with high dividend yields, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. LargeCap Dividend Index is comprised of the large-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. LargeCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the large-capitalization segment of the U.S. Stock Market.

The WisdomTree U.S. MidCap Dividend Index is comprised of the mid-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. MidCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the U.S. Stock Market.

 

16   WisdomTree Trust


Table of Contents

Description of Indexes (unaudited) (concluded)

 

The WisdomTree U.S. Multifactor Index is comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

The WisdomTree U.S. Quality Dividend Growth Index is comprised of dividend-paying stocks with growth characteristics.

The WisdomTree U.S. SmallCap Dividend Index is comprised of the small-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. SmallCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the small-capitalization segment of the U.S. Stock Market.

The WisdomTree U.S. SmallCap Quality Dividend Growth Index is comprised of the small-capitalization segment of dividend-paying stocks with growth characteristics.

The WisdomTree U.S. Total Market Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the broad U.S. Stock Market.

Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.

The Dow Jones U.S. Select Dividend Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

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

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.

 

WisdomTree Trust      17  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
United States – 99.6%      
Aerospace & Defense – 1.9%      

Lockheed Martin Corp.(a)

     22,407      $ 8,740,075  

United Technologies Corp.

     44,860        6,124,287  
     

 

 

 
Total Aerospace & Defense               14,864,362  
Air Freight & Logistics – 1.1%      

United Parcel Service, Inc. Class B

     70,601        8,459,412  
Automobiles – 3.1%      

Ford Motor Co.

     1,650,030        15,114,275  

General Motors Co.

     251,119        9,411,940  
     

 

 

 
Total Automobiles               24,526,215  
Beverages – 1.9%      

Coca-Cola Co. (The)

     138,009        7,513,210  

PepsiCo, Inc.

     58,899        8,075,053  
     

 

 

 
Total Beverages               15,588,263  
Biotechnology – 2.6%      

AbbVie, Inc.

     116,704        8,836,827  

Amgen, Inc.

     29,131        5,637,140  

Gilead Sciences, Inc.

     106,390        6,742,998  
     

 

 

 
Total Biotechnology               21,216,965  
Chemicals – 4.0%      

Air Products & Chemicals, Inc.

     38,820        8,612,605  

Celanese Corp.

     54,356        6,647,195  

CF Industries Holdings, Inc.

     149,211        7,341,181  

DuPont de Nemours, Inc.

     36,782        2,622,925  

Eastman Chemical Co.

     87,743        6,478,066  
     

 

 

 
Total Chemicals               31,701,972  
Containers & Packaging – 3.8%      

Avery Dennison Corp.

     52,089        5,915,748  

International Paper Co.(a)

     219,801        9,192,078  

Packaging Corp. of America

     76,096        8,073,785  

WestRock Co.

     191,666        6,986,226  
     

 

 

 
Total Containers & Packaging               30,167,837  
Diversified Telecommunication Services – 5.7%

 

  

AT&T, Inc.

     466,846        17,665,452  

CenturyLink, Inc.(a)

     1,489,287        18,586,302  

Verizon Communications, Inc.

     154,083        9,300,450  
     

 

 

 
Total Diversified Telecommunication Services               45,552,204  
Electric Utilities – 9.9%      

Avangrid, Inc.(a)

     144,851        7,568,465  

Duke Energy Corp.

     101,574        9,736,884  

Edison International

     161,342        12,168,413  

Entergy Corp.

     102,683        12,050,877  

FirstEnergy Corp.

     225,953        10,897,713  

PPL Corp.

     386,482        12,170,318  

Southern Co. (The)

     236,245        14,592,854  
     

 

 

 
Total Electric Utilities               79,185,524  
Electrical Equipment – 0.9%      

Emerson Electric Co.

     105,824        7,075,393  
Energy Equipment & Services – 0.9%      

Baker Hughes a GE Co.

     324,484      7,528,029  
Entertainment – 1.2%      

Viacom, Inc. Class B

     199,764        4,800,329  

Walt Disney Co. (The)

     35,435        4,617,889  
     

 

 

 
Total Entertainment               9,418,218  
Food Products – 5.9%      

Campbell Soup Co.(a)

     200,722        9,417,876  

General Mills, Inc.

     273,259        15,062,036  

J.M. Smucker Co. (The)

     70,414        7,746,948  

Kellogg Co.(a)

     128,660        8,279,271  

Kraft Heinz Co. (The)

     227,339        6,350,715  
     

 

 

 
Total Food Products               46,856,846  
Health Care Providers & Services – 2.3%      

Cardinal Health, Inc.

     152,787        7,210,019  

CVS Health Corp.

     76,420        4,819,809  

Quest Diagnostics, Inc.

     61,645        6,597,864  
     

 

 

 
Total Health Care Providers & Services               18,627,692  
Hotels, Restaurants & Leisure – 1.6%      

Las Vegas Sands Corp.

     219,563        12,681,959  
Household Durables – 2.3%      

Newell Brands, Inc.

     393,186        7,360,442  

Whirlpool Corp.(a)

     70,873        11,223,448  
     

 

 

 
Total Household Durables               18,583,890  
Household Products – 1.1%      

Kimberly-Clark Corp.

     64,979        9,230,267  
Industrial Conglomerates – 2.8%      

3M Co.

     29,382        4,830,401  

General Electric Co.

     1,985,829        17,753,311  
     

 

 

 
Total Industrial Conglomerates               22,583,712  
IT Services – 4.2%      

International Business Machines Corp.

     92,940        13,515,335  

Paychex, Inc.

     105,707        8,749,368  

Western Union Co. (The)

     491,128        11,379,436  
     

 

 

 
Total IT Services               33,644,139  
Machinery – 2.6%      

Caterpillar, Inc.

     44,039        5,562,566  

Cummins, Inc.

     49,632        8,073,638  

Illinois Tool Works, Inc.

     48,429        7,578,654  
     

 

 

 
Total Machinery               21,214,858  
Media – 2.8%      

Comcast Corp. Class A

     118,054        5,321,874  

Fox Corp. Class B

     10,716        337,983  

Interpublic Group of Cos., Inc. (The)

     355,030        7,654,447  

Omnicom Group, Inc.(a)

     90,801        7,109,718  

Sirius XM Holdings, Inc.(a)

     278,247        1,740,435  
     

 

 

 
Total Media               22,164,457  
Metals & Mining – 0.7%      

Nucor Corp.(a)

     103,607        5,274,632  

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

September 30, 2019

 

 

 

Investments    Shares      Value  
Multi-Utilities – 3.5%      

CenterPoint Energy, Inc.

     297,642      $ 8,982,836  

Consolidated Edison, Inc.

     93,660        8,848,060  

Dominion Energy, Inc.(a)

     128,525        10,415,666  
     

 

 

 
Total Multi-Utilities               28,246,562  
Multiline Retail – 3.0%      

Kohl’s Corp.

     130,881        6,499,551  

Macy’s, Inc.(a)

     318,033        4,942,233  

Target Corp.

     118,452        12,663,703  
     

 

 

 
Total Multiline Retail               24,105,487  
Oil, Gas & Consumable Fuels – 12.6%      

Chevron Corp.

     72,819        8,636,333  

Exxon Mobil Corp.

     120,399        8,501,373  

Kinder Morgan, Inc.

     639,093        13,171,707  

Occidental Petroleum Corp.

     150,109        6,675,347  

ONEOK, Inc.

     203,955        15,029,444  

Phillips 66

     86,933        8,901,939  

Targa Resources Corp.(a)

     425,750        17,102,378  

Valero Energy Corp.

     120,238        10,249,087  

Williams Cos., Inc. (The)

     505,048        12,151,455  
     

 

 

 
Total Oil, Gas & Consumable Fuels               100,419,063  
Pharmaceuticals – 3.0%      

Bristol-Myers Squibb Co.

     126,165        6,397,827  

Johnson & Johnson

     40,688        5,264,213  

Merck & Co., Inc.

     79,932        6,728,676  

Pfizer, Inc.

     147,965        5,316,383  
     

 

 

 
Total Pharmaceuticals               23,707,099  
Semiconductors & Semiconductor Equipment – 6.1%

 

  

Broadcom, Inc.

     25,526        7,046,963  

KLA Corp.

     75,007        11,959,866  

Maxim Integrated Products, Inc.

     137,178        7,943,978  

QUALCOMM, Inc.

     162,916        12,427,232  

Texas Instruments, Inc.

     72,195        9,330,482  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     48,708,521  
Specialty Retail – 1.9%      

Gap, Inc. (The)

     293,411        5,093,615  

L Brands, Inc.

     518,484        10,157,101  
     

 

 

 
Total Specialty Retail               15,250,716  
Technology Hardware, Storage & Peripherals – 2.7%

 

  

Hewlett Packard Enterprise Co.

     464,404        7,045,008  

Western Digital Corp.

     250,598        14,945,665  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     21,990,673  
Tobacco – 2.6%      

Altria Group, Inc.

     244,062        9,982,136  

Philip Morris International, Inc.

     140,866        10,695,955  
     

 

 

 
Total Tobacco               20,678,091  
Trading Companies & Distributors – 0.9%      

Fastenal Co.(a)

     221,058        7,221,965  

TOTAL COMMON STOCKS

(Cost: $724,440,793)

 

 

     796,475,023  
EXCHANGE-TRADED FUNDS – 0.2%      
United States – 0.2%      

WisdomTree U.S. LargeCap Dividend Fund(b)

     6,652      659,014  

WisdomTree U.S. MidCap Dividend Fund(b)

     18,158        659,317  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $1,227,585)

              1,318,331  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.5%

 

United States – 5.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $44,412,456)(d)      44,412,456        44,412,456  

TOTAL INVESTMENTS IN SECURITIES – 105.3%

(Cost: $770,080,834)

 

 

     842,205,810  

Other Assets less Liabilities – (5.3)%

        (42,609,657
     

 

 

 
NET ASSETS – 100.0%             $ 799,596,153  

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c)

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $63,506,189 and the total market value of the collateral held by the Fund was $64,695,664. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $20,283,208.

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. High Dividend Fund (DHS)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
United States – 99.5%      
Aerospace & Defense – 1.2%      

Lockheed Martin Corp.

     29,277      $ 11,419,787  
Air Freight & Logistics – 1.1%      

United Parcel Service, Inc. Class B

     86,301        10,340,586  
Auto Components – 0.0%      

LCI Industries

     3,143        288,685  
Automobiles – 1.8%      

Ford Motor Co.

     926,347        8,485,338  

General Motors Co.

     206,002        7,720,955  

Harley-Davidson, Inc.(a)

     23,711        852,885  
     

 

 

 
Total Automobiles               17,059,178  
Banks – 6.1%      

Arrow Financial Corp.

     4,292        143,326  

Banc of California, Inc.

     7,347        103,887  

Bank of Hawaii Corp.(a)

     5,110        439,102  

Bank OZK

     16,041        437,438  

BB&T Corp.(a)

     91,986        4,909,293  

Boston Private Financial Holdings, Inc.

     12,167        141,806  

Bridge Bancorp, Inc.

     2,866        84,719  

Cathay General Bancorp

     10,046        348,948  

Central Pacific Financial Corp.

     3,828        108,715  

Citizens & Northern Corp.

     1,935        50,852  

Comerica, Inc.

     19,068        1,258,297  

Community Trust Bancorp, Inc.

     2,643        112,539  

Financial Institutions, Inc.

     2,281        68,841  

First Bancorp, Inc.

     4,774        131,237  

First Hawaiian, Inc.

     19,243        513,788  

First of Long Island Corp. (The)

     1,867        42,474  

Flushing Financial Corp.

     4,252        85,912  

FNB Corp.

     52,234        602,258  

Hanmi Financial Corp.

     4,429        83,177  

Heritage Commerce Corp.

     7,558        88,844  

Hope Bancorp, Inc.

     20,568        294,945  

Huntington Bancshares, Inc.

     164,998        2,354,521  

Investors Bancorp, Inc.

     40,071        455,207  

KeyCorp

     156,857        2,798,329  

Mercantile Bank Corp.

     1,247        40,902  

Midland States Bancorp, Inc.

     3,999        104,174  

PacWest Bancorp

     30,140        1,095,288  

Park National Corp.(a)

     2,319        219,864  

People’s United Financial, Inc.

     59,064        923,466  

Peoples Bancorp, Inc.

     2,288        72,781  

Premier Financial Bancorp, Inc.

     662        11,366  

Regions Financial Corp.

     145,200        2,297,064  

Sandy Spring Bancorp, Inc.

     4,335        146,133  

Southside Bancshares, Inc.

     4,916        167,685  

Stock Yards Bancorp, Inc.

     2,052        75,288  

SunTrust Banks, Inc.

     58,013        3,991,294  

Trustmark Corp.(a)

     7,635        260,430  

Umpqua Holdings Corp.

     33,377        549,385  

United Bankshares, Inc.

     12,914      489,053  

Univest Financial Corp.

     4,105        104,719  

Valley National Bancorp

     54,135        588,447  

Washington Trust Bancorp, Inc.

     2,140        103,383  

Wells Fargo & Co.

     583,572        29,435,372  

West Bancorporation, Inc.

     2,896        62,959  
     

 

 

 
Total Banks               56,397,508  
Beverages – 4.9%      

Coca-Cola Co. (The)

     451,494        24,579,333  

PepsiCo, Inc.

     154,204        21,141,369  
     

 

 

 
Total Beverages               45,720,702  
Biotechnology – 3.1%      

AbbVie, Inc.

     252,292        19,103,550  

Gilead Sciences, Inc.

     151,127        9,578,429  
     

 

 

 
Total Biotechnology               28,681,979  
Capital Markets – 0.5%      

Ares Management Corp. Class A

     18,321        491,186  

Artisan Partners Asset Management, Inc. Class A

     19,300        545,032  

BGC Partners, Inc. Class A

     121,667        669,168  

Cohen & Steers, Inc.

     6,221        341,720  

Diamond Hill Investment Group, Inc.

     499        68,927  

Eaton Vance Corp.

     16,074        722,205  

Federated Investors, Inc. Class B

     15,356        497,688  

GAIN Capital Holdings, Inc.

     7,005        36,986  

Legg Mason, Inc.

     15,644        597,444  

Moelis & Co. Class A

     8,320        273,312  

Virtu Financial, Inc. Class A(a)

     13,844        226,488  

Waddell & Reed Financial, Inc. Class A

     12,290        211,142  

Westwood Holdings Group, Inc.

     1,574        43,553  
     

 

 

 
Total Capital Markets               4,724,851  
Chemicals – 0.3%      

Advanced Emissions Solutions, Inc.(a)

     5,424        80,492  

CF Industries Holdings, Inc.

     20,656        1,016,275  

Chemours Co. (The)

     21,089        315,070  

Huntsman Corp.

     29,295        681,402  

Innophos Holdings, Inc.

     3,332        108,157  

Kronos Worldwide, Inc.

     22,570        279,191  

Olin Corp.(a)

     23,103        432,488  

Valhi, Inc.

     12,409        23,577  
     

 

 

 
Total Chemicals               2,936,652  
Commercial Services & Supplies – 0.2%      

Covanta Holding Corp.

     29,207        504,989  

Ennis, Inc.

     5,334        107,800  

HNI Corp.

     5,325        189,038  

Knoll, Inc.

     6,547        165,966  

Pitney Bowes, Inc.(a)

     71,082        324,845  

Quad/Graphics, Inc.(a)

     9,977        104,858  

Steelcase, Inc. Class A

     11,970        220,248  
     

 

 

 
Total Commercial Services & Supplies               1,617,744  
Consumer Finance – 0.5%      

Navient Corp.

     58,264        745,779  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. High Dividend Fund (DHS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Santander Consumer USA Holdings, Inc.

     54,436      $ 1,388,662  

Synchrony Financial

     84,611        2,884,389  
     

 

 

 
Total Consumer Finance               5,018,830  
Containers & Packaging – 0.6%      

Greif, Inc. Class B

     613        27,928  

International Paper Co.

     62,875        2,629,433  

Myers Industries, Inc.

     3,108        54,856  

Packaging Corp. of America

     10,881        1,154,474  

Sonoco Products Co.

     10,078        586,640  

WestRock Co.

     35,668        1,300,099  
     

 

 

 
Total Containers & Packaging               5,753,430  
Diversified Consumer Services – 0.1%      

H&R Block, Inc.

     26,102        616,529  
Diversified Telecommunication Services – 10.2%

 

  

AT&T, Inc.

     1,419,844        53,726,897  

CenturyLink, Inc.

     462,491        5,771,887  

Cogent Communications Holdings, Inc.

     7,797        429,615  

Verizon Communications, Inc.

     586,764        35,417,075  
     

 

 

 
Total Diversified Telecommunication Services               95,345,474  
Electric Utilities – 6.2%      

Alliant Energy Corp.

     23,726        1,279,543  

American Electric Power Co., Inc.

     55,560        5,205,416  

Avangrid, Inc.(a)

     34,638        1,809,835  

Duke Energy Corp.

     98,046        9,398,690  

Edison International

     44,572        3,361,620  

Entergy Corp.

     24,278        2,849,266  

Evergy, Inc.(a)

     27,976        1,862,083  

Eversource Energy(a)

     30,982        2,648,032  

Exelon Corp.

     94,634        4,571,768  

FirstEnergy Corp.

     67,012        3,231,989  

Hawaiian Electric Industries, Inc.(a)

     12,082        551,060  

OGE Energy Corp.

     23,869        1,083,175  

Pinnacle West Capital Corp.

     12,294        1,193,379  

Portland General Electric Co.

     9,172        517,026  

PPL Corp.

     129,842        4,088,725  

Southern Co. (The)

     173,118        10,693,499  

Xcel Energy, Inc.

     48,115        3,122,182  
     

 

 

 
Total Electric Utilities               57,467,288  
Electrical Equipment – 0.6%      

Emerson Electric Co.

     68,324        4,568,143  

Hubbell, Inc.

     6,128        805,219  
     

 

 

 
Total Electrical Equipment               5,373,362  
Electronic Equipment, Instruments & Components – 0.0%

 

AVX Corp.

     17,663        268,478  

Daktronics, Inc.

     15,512        114,556  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     383,034  
Energy Equipment & Services – 0.3%      

Archrock, Inc.

     28,766        286,797  

Baker Hughes a GE Co.(a)

     58,457        1,356,202  

Helmerich & Payne, Inc.

     18,022        722,142  
     

 

 

 
Total Energy Equipment & Services               2,365,141  
Entertainment – 0.1%      

AMC Entertainment Holdings, Inc. Class A(a)

     10,098      108,049  

Cinemark Holdings, Inc.(a)

     12,827        495,635  
     

 

 

 
Total Entertainment               603,684  
Equity Real Estate Investment Trusts (REITs) – 15.0%

 

  

Acadia Realty Trust

     11,669        333,500  

Agree Realty Corp.

     4,424        323,616  

Alexander’s, Inc.

     1,040        362,346  

Alexandria Real Estate Equities, Inc.

     11,078        1,706,455  

American Campus Communities, Inc.

     19,830        953,426  

American Finance Trust, Inc.(a)

     21,781        304,063  

Apartment Investment & Management Co. Class A

     16,726        872,094  

Apple Hospitality REIT, Inc.

     59,608        988,301  

Armada Hoffler Properties, Inc.

     9,753        176,432  

Ashford Hospitality Trust, Inc.

     39,027        129,179  

AvalonBay Communities, Inc.

     14,659        3,156,522  

Bluerock Residential Growth REIT, Inc.

     8,680        102,164  

Braemar Hotels & Resorts, Inc.

     7,424        69,711  

Brandywine Realty Trust

     32,742        496,041  

Brixmor Property Group, Inc.

     69,366        1,407,436  

Brookfield Property REIT, Inc. Class A(a)

     33,664        686,409  

Camden Property Trust

     10,676        1,185,143  

CareTrust REIT, Inc.

     12,044        283,094  

CatchMark Timber Trust, Inc. Class A

     14,023        149,625  

Cedar Realty Trust, Inc.

     27,340        82,020  

Chatham Lodging Trust

     11,710        212,537  

Colony Capital, Inc.

     126,272        760,157  

Columbia Property Trust, Inc.

     13,153        278,186  

Community Healthcare Trust, Inc.

     3,811        169,780  

CoreCivic, Inc.

     33,316        575,700  

CorEnergy Infrastructure Trust, Inc.(a)

     3,639        171,834  

CorePoint Lodging, Inc.

     14,627        147,879  

CoreSite Realty Corp.

     5,391        656,893  

Corporate Office Properties Trust

     18,597        553,819  

Cousins Properties, Inc.

     16,368        615,273  

Crown Castle International Corp.

     54,763        7,612,605  

CubeSmart

     24,368        850,443  

CyrusOne, Inc.

     11,273        891,694  

DiamondRock Hospitality Co.

     36,731        376,493  

Digital Realty Trust, Inc.

     24,572        3,189,691  

Duke Realty Corp.

     37,370        1,269,459  

Easterly Government Properties, Inc.

     13,033        277,603  

EastGroup Properties, Inc.

     3,635        454,448  

EPR Properties

     15,453        1,187,718  

Equity Residential

     38,364        3,309,279  

Essential Properties Realty Trust, Inc.

     10,598        242,800  

Essex Property Trust, Inc.

     6,347        2,073,248  

Extra Space Storage, Inc.

     15,148        1,769,589  

Federal Realty Investment Trust

     7,841        1,067,474  

Four Corners Property Trust, Inc.

     10,093        285,430  

Franklin Street Properties Corp.

     20,698        175,105  

Gaming and Leisure Properties, Inc.

     56,438        2,158,189  

GEO Group, Inc. (The)

     34,830        603,952  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. High Dividend Fund (DHS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Getty Realty Corp.

     6,433      $ 206,242  

Gladstone Commercial Corp.

     8,585        201,748  

Gladstone Land Corp.

     4,892        58,190  

Global Medical REIT, Inc.

     8,172        93,161  

Global Net Lease, Inc.

     28,832        562,224  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

     11,529        336,070  

HCP, Inc.(a)

     78,325        2,790,720  

Healthcare Realty Trust, Inc.

     17,149        574,492  

Healthcare Trust of America, Inc. Class A

     32,071        942,246  

Hersha Hospitality Trust

     6,882        102,404  

Highwoods Properties, Inc.

     15,920        715,445  

Host Hotels & Resorts, Inc.

     112,787        1,950,087  

Hudson Pacific Properties, Inc.

     15,324        512,741  

Independence Realty Trust, Inc.

     22,302        319,142  

Industrial Logistics Properties Trust

     32,041        680,871  

Investors Real Estate Trust

     1,643        122,683  

Iron Mountain, Inc.(a)

     67,404        2,183,216  

iStar, Inc.(a)

     9,717        126,807  

Jernigan Capital, Inc.

     5,076        97,713  

Kimco Realty Corp.

     97,139        2,028,262  

Kite Realty Group Trust(a)

     18,256        294,834  

Lamar Advertising Co. Class A

     15,041        1,232,309  

Lexington Realty Trust

     64,000        656,000  

Liberty Property Trust

     17,449        895,657  

Life Storage, Inc.

     6,325        666,718  

LTC Properties, Inc.

     7,232        370,423  

Macerich Co. (The)(a)

     30,025        948,490  

Mack-Cali Realty Corp.

     9,735        210,860  

Medical Properties Trust, Inc.

     73,532        1,438,286  

Mid-America Apartment Communities, Inc.

     14,044        1,825,860  

Monmouth Real Estate Investment Corp.

     16,279        234,580  

National Health Investors, Inc.

     7,341        604,825  

National Retail Properties, Inc.

     21,367        1,205,099  

National Storage Affiliates Trust

     8,331        278,005  

New Senior Investment Group, Inc.(a)

     31,217        208,530  

NexPoint Residential Trust, Inc.

     2,897        135,464  

Office Properties Income Trust

     20,862        639,212  

Omega Healthcare Investors, Inc.

     50,608        2,114,908  

One Liberty Properties, Inc.

     4,740        130,492  

Outfront Media, Inc.

     35,609        989,218  

Park Hotels & Resorts, Inc.

     47,621        1,189,096  

Pebblebrook Hotel Trust

     10,645        296,144  

Pennsylvania Real Estate Investment Trust(a)

     22,053        126,143  

Physicians Realty Trust

     32,301        573,343  

Piedmont Office Realty Trust, Inc. Class A

     17,168        358,468  

PotlatchDeltic Corp.(a)

     9,916        407,399  

Preferred Apartment Communities, Inc. Class A(a)

     10,733        155,092  

Prologis, Inc.

     62,757        5,348,152  

PS Business Parks, Inc.

     2,869        522,015  

Public Storage

     23,052        5,653,964  

QTS Realty Trust, Inc. Class A

     6,101        313,652  

Rayonier, Inc.

     13,974        394,067  

Realty Income Corp.

     39,696        3,043,889  

Regency Centers Corp.

     19,437      1,350,677  

Retail Opportunity Investments Corp.

     17,751        323,601  

Retail Properties of America, Inc. Class A

     38,084        469,195  

RLJ Lodging Trust

     37,911        644,108  

RPT Realty

     14,149        191,719  

Ryman Hospitality Properties, Inc.

     8,416        688,513  

Sabra Health Care REIT, Inc.(a)

     58,296        1,338,476  

Safehold, Inc.

     2,286        69,723  

Saul Centers, Inc.

     2,271        123,792  

Senior Housing Properties Trust

     95,813        886,749  

Service Properties Trust

     45,488        1,173,136  

Simon Property Group, Inc.

     45,062        7,013,900  

SITE Centers Corp.

     38,981        589,003  

SL Green Realty Corp.

     11,065        904,564  

Spirit Realty Capital, Inc.

     16,521        790,695  

STAG Industrial, Inc.

     20,576        606,580  

STORE Capital Corp.

     31,029        1,160,795  

Summit Hotel Properties, Inc.(a)

     25,730        298,468  

Tanger Factory Outlet Centers, Inc.(a)

     15,920        246,442  

Taubman Centers, Inc.

     9,263        378,208  

UDR, Inc.

     26,939        1,306,003  

UMH Properties, Inc.

     8,180        115,174  

Uniti Group, Inc.

     82,790        642,864  

Universal Health Realty Income Trust

     1,905        195,834  

Urban Edge Properties

     15,288        302,550  

Urstadt Biddle Properties, Inc. Class A

     4,673        110,750  

Ventas, Inc.

     60,606        4,426,056  

VEREIT, Inc.

     229,508        2,244,588  

VICI Properties, Inc.

     76,353        1,729,395  

Vornado Realty Trust

     22,566        1,436,777  

W.P. Carey, Inc.

     31,578        2,826,231  

Washington Prime Group, Inc.(a)

     69,586        288,086  

Washington Real Estate Investment Trust

     10,602        290,071  

Weingarten Realty Investors

     21,726        632,878  

Welltower, Inc.

     60,525        5,486,591  

Weyerhaeuser Co.

     142,771        3,954,757  

Whitestone REIT

     11,876        163,414  

Xenia Hotels & Resorts, Inc.

     22,089        466,520  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     139,637,396  
Food & Staples Retailing – 0.0%      

SpartanNash Co.

     4,617        54,619  

Village Super Market, Inc. Class A

     1,054        27,878  
     

 

 

 
Total Food & Staples Retailing               82,497  
Food Products – 2.3%      

Archer-Daniels-Midland Co.

     55,035        2,260,287  

B&G Foods, Inc.

     14,082        266,291  

Campbell Soup Co.(a)

     36,418        1,708,733  

Flowers Foods, Inc.

     27,541        637,023  

General Mills, Inc.

     105,208        5,799,065  

J.M. Smucker Co. (The)

     12,869        1,415,847  

Kellogg Co.

     43,427        2,794,528  

Kraft Heinz Co. (The)

     215,754        6,027,088  
     

 

 

 
Total Food Products               20,908,862  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. High Dividend Fund (DHS)

September 30, 2019

 

 

 

Investments    Shares      Value  
Gas Utilities – 0.2%      

National Fuel Gas Co.

     9,046      $ 424,439  

Northwest Natural Holding Co.

     2,968        211,737  

South Jersey Industries, Inc.(a)

     11,409        375,470  

Spire, Inc.

     5,275        460,191  
     

 

 

 
Total Gas Utilities               1,471,837  
Health Care Providers & Services – 0.2%      

Cardinal Health, Inc.

     38,321        1,808,368  

Owens & Minor, Inc.

     8,251        47,938  

Patterson Cos., Inc.

     13,035        232,284  
     

 

 

 
Total Health Care Providers & Services               2,088,590  
Hotels, Restaurants & Leisure – 1.1%      

Bluegreen Vacations Corp.(a)

     6,935        64,634  

Brinker International, Inc.(a)

     4,357        185,913  

Dine Brands Global, Inc.(a)

     1,722        130,631  

Las Vegas Sands Corp.

     144,377        8,339,216  

Six Flags Entertainment Corp.

     14,639        743,515  

Wyndham Destinations, Inc.

     13,906        639,954  
     

 

 

 
Total Hotels, Restaurants & Leisure               10,103,863  
Household Durables – 0.4%      

Ethan Allen Interiors, Inc.

     4,419        84,403  

Leggett & Platt, Inc.

     18,796        769,508  

MDC Holdings, Inc.

     9,565        412,251  

Newell Brands, Inc.

     65,901        1,233,667  

Tupperware Brands Corp.

     12,916        204,977  

Whirlpool Corp.(a)

     8,833        1,398,794  
     

 

 

 
Total Household Durables               4,103,600  
Household Products – 4.0%      

Kimberly-Clark Corp.

     39,680        5,636,544  

Procter & Gamble Co. (The)

     248,112        30,860,170  

Spectrum Brands Holdings, Inc.

     6,993        368,671  
     

 

 

 
Total Household Products               36,865,385  
Independent Power & Renewable Electricity Producers – 0.3%

 

AES Corp.

     73,652        1,203,474  

Clearway Energy, Inc. Class A

     9,433        163,568  

Pattern Energy Group, Inc. Class A

     27,388        737,559  

TerraForm Power, Inc. Class A

     47,699        869,314  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     2,973,915  
Industrial Conglomerates – 1.9%      

General Electric Co.

     1,978,845        17,690,874  
Insurance – 2.2%      

CNA Financial Corp.

     29,359        1,445,931  

Fidelity National Financial, Inc.

     35,604        1,581,174  

First American Financial Corp.

     14,460        853,284  

Mercury General Corp.

     8,885        496,494  

MetLife, Inc.

     143,287        6,757,415  

Old Republic International Corp.

     37,688        888,306  

Principal Financial Group, Inc.

     47,325        2,704,150  

Prudential Financial, Inc.

     60,687        5,458,796  

Safety Insurance Group, Inc.

     2,006        203,268  

Stewart Information Services Corp.

     2,682      104,035  
     

 

 

 
Total Insurance               20,492,853  
Internet & Direct Marketing Retail – 0.0%      

PetMed Express, Inc.(a)

     3,952        71,215  
IT Services – 3.0%      

International Business Machines Corp.

     159,703        23,224,010  

Paychex, Inc.

     41,145        3,405,572  

Western Union Co. (The)(a)

     62,895        1,457,277  
     

 

 

 
Total IT Services               28,086,859  
Machinery – 0.3%      

Briggs & Stratton Corp.

     7,072        42,856  

Cummins, Inc.

     18,452        3,001,587  

NN, Inc.

     5,856        41,753  
     

 

 

 
Total Machinery               3,086,196  
Media – 0.4%      

Entercom Communications Corp. Class A(a)

     27,373        91,426  

Entravision Communications Corp. Class A

     12,952        41,187  

Gannett Co., Inc.

     26,162        280,980  

Interpublic Group of Cos., Inc. (The)

     49,420        1,065,495  

Meredith Corp.(a)

     5,770        211,528  

National CineMedia, Inc.

     23,253        190,675  

New Media Investment Group, Inc.(a)

     24,611        216,823  

Omnicom Group, Inc.(a)

     23,995        1,878,808  
     

 

 

 
Total Media               3,976,922  
Metals & Mining – 0.0%      

Compass Minerals International, Inc.

     7,447        420,681  
Mortgage Real Estate Investment Trusts (REITs) – 0.0%

 

Arlington Asset Investment Corp. Class A

     14,393        79,018  
Multi-Utilities – 3.2%      

Avista Corp.(a)

     7,627        369,452  

Black Hills Corp.

     6,327        485,471  

CenterPoint Energy, Inc.

     64,162        1,936,409  

Consolidated Edison, Inc.

     37,366        3,529,966  

Dominion Energy, Inc.

     96,082        7,786,485  

DTE Energy Co.

     19,627        2,609,606  

MDU Resources Group, Inc.

     20,849        587,733  

NiSource, Inc.

     35,945        1,075,474  

NorthWestern Corp.

     6,050        454,053  

Public Service Enterprise Group, Inc.

     55,044        3,417,132  

Sempra Energy

     27,842        4,109,758  

Unitil Corp.

     1,701        107,911  

WEC Energy Group, Inc.

     31,643        3,009,249  
     

 

 

 
Total Multi-Utilities               29,478,699  
Multiline Retail – 1.0%      

Kohl’s Corp.

     22,517        1,118,194  

Macy’s, Inc.(a)

     48,747        757,529  

Nordstrom, Inc.(a)

     17,558        591,178  

Target Corp.

     67,042        7,167,460  
     

 

 

 
Total Multiline Retail               9,634,361  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. High Dividend Fund (DHS)

September 30, 2019

 

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 12.4%      

Berry Petroleum Corp.(a)

     11,334      $ 106,086  

Chevron Corp.

     252,369        29,930,963  

CVR Energy, Inc.

     28,886        1,271,851  

Evolution Petroleum Corp.

     10,337        60,368  

Exxon Mobil Corp.

     567,731        40,087,486  

Kinder Morgan, Inc.

     366,968        7,563,211  

Marathon Petroleum Corp.

     71,425        4,339,069  

Murphy Oil Corp.

     18,770        415,005  

Occidental Petroleum Corp.

     120,545        5,360,636  

ONEOK, Inc.

     78,612        5,792,918  

PBF Energy, Inc. Class A

     15,447        420,004  

Phillips 66

     57,143        5,851,443  

SemGroup Corp. Class A(a)

     27,022        441,539  

Targa Resources Corp.

     66,652        2,677,411  

Valero Energy Corp.

     62,300        5,310,452  

Williams Cos., Inc. (The)

     235,995        5,678,040  
     

 

 

 
Total Oil, Gas & Consumable Fuels               115,306,482  
Paper & Forest Products – 0.1%      

Domtar Corp.

     9,892        354,233  

PH Glatfelter Co.

     6,451        99,281  

Schweitzer-Mauduit International, Inc.

     5,742        214,980  
     

 

 

 
Total Paper & Forest Products               668,494  
Personal Products – 0.2%      

Coty, Inc. Class A(a)

     182,888        1,922,153  

Natural Health Trends Corp.(a)

     1,899        13,445  
     

 

 

 
Total Personal Products               1,935,598  
Pharmaceuticals – 3.3%      

Bristol-Myers Squibb Co.

     168,557        8,547,525  

Pfizer, Inc.

     603,890        21,697,768  
     

 

 

 
Total Pharmaceuticals               30,245,293  
Professional Services – 0.0%      

BG Staffing, Inc.

     1,596        30,499  

Resources Connection, Inc.

     5,110        86,819  
     

 

 

 
Total Professional Services               117,318  
Real Estate Management & Development – 0.1%      

Kennedy-Wilson Holdings, Inc.

     21,527        471,872  

Newmark Group, Inc. Class A

     18,070        163,714  
     

 

 

 
Total Real Estate Management & Development               635,586  
Road & Rail – 0.1%      

Ryder System, Inc.

     8,132        420,994  
Semiconductors & Semiconductor Equipment – 3.5%

 

  

Cypress Semiconductor Corp.

     43,101        1,005,977  

KLA Corp.

     16,863        2,688,806  

Maxim Integrated Products, Inc.

     32,666        1,891,688  

NVE Corp.

     1,035        68,672  

QUALCOMM, Inc.

     175,632        13,397,209  

Texas Instruments, Inc.

     105,458        13,629,392  

Xperi Corp.

     7,759        160,456  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     32,842,200  
Software – 0.0%      

American Software, Inc. Class A

     2,390      35,898  

TiVo Corp.

     26,010        198,066  
     

 

 

 
Total Software               233,964  
Specialty Retail – 0.5%      

Abercrombie & Fitch Co. Class A

     10,284        160,430  

Bed Bath & Beyond, Inc.(a)

     26,535        282,333  

Buckle, Inc. (The)

     9,915        204,249  

Cato Corp. (The) Class A

     8,035        141,496  

Chico’s FAS, Inc.(a)

     27,335        110,160  

Designer Brands, Inc. Class A(a)

     11,082        189,724  

Gap, Inc. (The)

     47,201        819,409  

Guess?, Inc.(a)

     10,834        200,754  

Haverty Furniture Cos., Inc.

     2,710        54,932  

L Brands, Inc.

     72,287        1,416,102  

Office Depot, Inc.

     77,353        135,755  

Penske Automotive Group, Inc.

     11,212        530,103  

Tile Shop Holdings, Inc.

     10,676        34,057  

Williams-Sonoma, Inc.(a)

     7,849        533,575  
     

 

 

 
Total Specialty Retail               4,813,079  
Technology Hardware, Storage & Peripherals – 1.0%

 

  

Hewlett Packard Enterprise Co.

     157,212        2,384,906  

HP, Inc.

     155,133        2,935,117  

Western Digital Corp.

     50,430        3,007,645  

Xerox Holdings Corp.

     33,163        991,905  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     9,319,573  
Textiles, Apparel & Luxury Goods – 0.2%      

Hanesbrands, Inc.(a)

     54,623        836,824  

Tapestry, Inc.

     38,332        998,549  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               1,835,373  
Thrifts & Mortgage Finance – 0.4%      

Dime Community Bancshares, Inc.

     5,719        122,444  

Federal Agricultural Mortgage Corp. Class C

     1,060        86,559  

New York Community Bancorp, Inc.(a)

     111,973        1,405,261  

Northwest Bancshares, Inc.

     14,862        243,588  

Oritani Financial Corp.

     11,325        200,396  

Provident Financial Services, Inc.

     8,607        211,130  

Territorial Bancorp, Inc.

     553        15,805  

TFS Financial Corp.

     60,093        1,082,876  

TrustCo Bank Corp.

     17,606        143,489  

United Financial Bancorp, Inc.

     6,325        86,210  
     

 

 

 
Total Thrifts & Mortgage Finance               3,597,758  
Tobacco – 4.2%      

Altria Group, Inc.

     382,585        15,647,727  

Philip Morris International, Inc.

     288,244        21,886,367  

Universal Corp.

     4,345        238,149  

Vector Group Ltd.(a)

     73,894        880,078  
     

 

 

 
Total Tobacco               38,652,321  
Trading Companies & Distributors – 0.1%      

H&E Equipment Services, Inc.

     6,883        198,643  

Watsco, Inc.

     4,780        808,681  
     

 

 

 
Total Trading Companies & Distributors               1,007,324  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. High Dividend Fund (DHS)

September 30, 2019

 

 

 

Investments    Shares      Value  
Transportation Infrastructure – 0.1%      

Macquarie Infrastructure Corp.

     26,867      $ 1,060,440  
Wireless Telecommunication Services – 0.0%      

Spok Holdings, Inc.

     2,070        24,716  

TOTAL COMMON STOCKS

(Cost: $871,317,613)

              926,084,580  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      

WisdomTree U.S. Total Dividend Fund(b)

     
(Cost: $2,127,929)      22,164        2,196,641  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.6%

 

United States – 2.6%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $24,106,019)(d)      24,106,019        24,106,019  

TOTAL INVESTMENTS IN SECURITIES – 102.3%

(Cost: $897,551,561)

 

 

     952,387,240  

Other Assets less Liabilities – (2.3)%

        (21,655,512
     

 

 

 
NET ASSETS – 100.0%             $ 930,731,728  

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $35,789,805 and the total market value of the collateral held by the Fund was $36,683,650. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $12,577,631.

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
United States – 99.7%      
Aerospace & Defense – 3.1%      

Boeing Co. (The)

     53,389      $ 20,312,913  

General Dynamics Corp.

     29,384        5,369,338  

L3Harris Technologies, Inc.

     18,019        3,759,484  

Lockheed Martin Corp.

     38,363        14,963,872  

Northrop Grumman Corp.

     14,373        5,386,856  

Raytheon Co.

     26,310        5,161,759  

Textron, Inc.

     1,803        88,275  

United Technologies Corp.

     90,992        12,422,228  
     

 

 

 
Total Aerospace & Defense               67,464,725  
Air Freight & Logistics – 0.8%      

C.H. Robinson Worldwide, Inc.(a)

     12,778        1,083,319  

Expeditors International of Washington, Inc.

     4,113        305,555  

FedEx Corp.

     14,184        2,064,765  

United Parcel Service, Inc. Class B

     111,976        13,416,964  
     

 

 

 
Total Air Freight & Logistics               16,870,603  
Airlines – 0.3%      

American Airlines Group, Inc.(a)

     24,809        669,099  

Delta Air Lines, Inc.

     70,688        4,071,629  

Southwest Airlines Co.

     34,915        1,885,759  
     

 

 

 
Total Airlines               6,626,487  
Automobiles – 1.0%      

Ford Motor Co.

     1,199,555        10,987,924  

General Motors Co.

     270,337        10,132,231  
     

 

 

 
Total Automobiles               21,120,155  
Banks – 9.1%      

Bank of America Corp.

     1,049,605        30,616,978  

BB&T Corp.(a)

     122,748        6,551,061  

Citigroup, Inc.

     344,126        23,772,224  

Citizens Financial Group, Inc.

     79,287        2,804,381  

Comerica, Inc.

     27,179        1,793,542  

Fifth Third Bancorp

     90,876        2,488,185  

First Republic Bank

     1,457        140,892  

Huntington Bancshares, Inc.

     189,553        2,704,921  

JPMorgan Chase & Co.

     464,031        54,611,808  

KeyCorp

     176,278        3,144,800  

M&T Bank Corp.

     15,560        2,458,013  

PNC Financial Services Group, Inc. (The)

     62,795        8,801,347  

Regions Financial Corp.

     157,849        2,497,171  

SunTrust Banks, Inc.

     78,917        5,429,490  

U.S. Bancorp

     217,177        12,018,575  

Wells Fargo & Co.

     756,427        38,154,178  
     

 

 

 
Total Banks               197,987,566  
Beverages – 3.1%      

Brown-Forman Corp. Class B(a)

     10,846        680,912  

Coca-Cola Co. (The)

     587,073        31,960,254  

Constellation Brands, Inc. Class A

     11,359        2,354,494  

Keurig Dr Pepper, Inc.

     124,050        3,389,046  

Molson Coors Brewing Co. Class B

     25,526        1,467,745  

PepsiCo, Inc.

     200,742        27,521,728  
     

 

 

 
Total Beverages               67,374,179  
Biotechnology – 2.4%      

AbbVie, Inc.

     325,246      24,627,627  

Amgen, Inc.

     76,904        14,881,693  

Gilead Sciences, Inc.

     197,701        12,530,289  
     

 

 

 
Total Biotechnology               52,039,609  
Capital Markets – 3.0%      

Ameriprise Financial, Inc.

     18,144        2,668,982  

Bank of New York Mellon Corp. (The)

     103,161        4,663,909  

BlackRock, Inc.

     21,371        9,523,772  

Charles Schwab Corp. (The)

     79,244        3,314,777  

CME Group, Inc.

     24,162        5,106,397  

E*TRADE Financial Corp.

     14,617        638,617  

Franklin Resources, Inc.

     71,471        2,062,653  

Goldman Sachs Group, Inc. (The)

     30,936        6,410,867  

Intercontinental Exchange, Inc.

     32,464        2,995,453  

Moody’s Corp.

     10,189        2,087,013  

Morgan Stanley

     230,377        9,830,187  

MSCI, Inc.

     5,902        1,285,160  

Nasdaq, Inc.

     14,208        1,411,565  

Northern Trust Corp.

     22,097        2,062,092  

S&P Global, Inc.

     14,170        3,471,367  

State Street Corp.

     51,400        3,042,366  

T. Rowe Price Group, Inc.

     27,779        3,173,751  

TD Ameritrade Holding Corp.

     58,469        2,730,502  
     

 

 

 
Total Capital Markets               66,479,430  
Chemicals – 1.1%      

Air Products & Chemicals, Inc.

     28,149        6,245,137  

Celanese Corp.

     14,298        1,748,502  

DuPont de Nemours, Inc.

     96,650        6,892,112  

Ecolab, Inc.

     14,383        2,848,409  

International Flavors & Fragrances, Inc.(a)

     11,363        1,394,127  

Mosaic Co. (The)

     7,714        158,137  

PPG Industries, Inc.

     21,858        2,590,392  

Sherwin-Williams Co. (The)

     3,643        2,003,176  
     

 

 

 
Total Chemicals               23,879,992  
Commercial Services & Supplies – 0.4%      

Cintas Corp.(a)

     5,659        1,517,178  

Republic Services, Inc.

     30,900        2,674,395  

Rollins, Inc.(a)

     5,260        179,208  

Waste Management, Inc.

     39,822        4,579,530  
     

 

 

 
Total Commercial Services & Supplies               8,950,311  
Communications Equipment – 1.4%      

Cisco Systems, Inc.

     565,735        27,952,967  

Motorola Solutions, Inc.

     14,291        2,435,329  
     

 

 

 
Total Communications Equipment               30,388,296  
Construction Materials – 0.0%      

Vulcan Materials Co.

     5,932        897,156  
Consumer Finance – 0.8%      

American Express Co.

     56,607        6,695,476  

Capital One Financial Corp.

     44,282        4,028,776  

Discover Financial Services

     31,518        2,555,795  

Synchrony Financial

     116,425        3,968,928  
     

 

 

 
Total Consumer Finance               17,248,975  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

September 30, 2019

 

 

 

Investments    Shares      Value  
Containers & Packaging – 0.2%      

Ball Corp.

     14,052      $ 1,023,126  

International Paper Co.

     84,228        3,522,415  
     

 

 

 
Total Containers & Packaging               4,545,541  
Distributors – 0.1%      

Genuine Parts Co.

     14,606        1,454,612  
Diversified Telecommunication Services – 6.1%

 

  

AT&T, Inc.

     2,093,412        79,214,710  

CenturyLink, Inc.(a)

     598,626        7,470,852  

Verizon Communications, Inc.

     759,458        45,840,885  
     

 

 

 
Total Diversified Telecommunication Services

 

     132,526,447  
Electric Utilities – 3.7%      

American Electric Power Co., Inc.

     74,002        6,933,247  

Avangrid, Inc.(a)

     48,067        2,511,501  

Duke Energy Corp.

     128,423        12,310,629  

Edison International

     52,467        3,957,061  

Entergy Corp.

     34,002        3,990,475  

Evergy, Inc.(a)

     29,257        1,947,346  

Eversource Energy(a)

     42,555        3,637,176  

Exelon Corp.

     126,887        6,129,911  

FirstEnergy Corp.

     76,107        3,670,640  

NextEra Energy, Inc.

     51,804        12,069,814  

PPL Corp.

     157,205        4,950,385  

Southern Co. (The)

     224,918        13,893,185  

Xcel Energy, Inc.

     67,357        4,370,796  
     

 

 

 
Total Electric Utilities               80,372,166  
Electrical Equipment – 0.4%      

AMETEK, Inc.

     7,614        699,117  

Emerson Electric Co.

     82,361        5,506,656  

Rockwell Automation, Inc.

     14,167        2,334,722  
     

 

 

 
Total Electrical Equipment               8,540,495  
Electronic Equipment, Instruments & Components – 0.2%

 

Amphenol Corp. Class A

     16,008        1,544,772  

CDW Corp.

     4,276        526,974  

Corning, Inc.(a)

     79,873        2,277,978  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     4,349,724  
Energy Equipment & Services – 0.1%      

Halliburton Co.

     96,494        1,818,912  
Entertainment – 0.8%      

Activision Blizzard, Inc.

     27,535        1,457,152  

Walt Disney Co. (The)

     116,331        15,160,256  
     

 

 

 
Total Entertainment               16,617,408  
Equity Real Estate Investment Trusts (REITs) – 4.4%

 

  

Alexandria Real Estate Equities, Inc.

     13,040        2,008,682  

American Tower Corp.

     36,203        8,005,569  

AvalonBay Communities, Inc.

     16,746        3,605,916  

Boston Properties, Inc.

     21,917        2,841,758  

Crown Castle International Corp.

     72,448        10,070,996  

Digital Realty Trust, Inc.

     33,256        4,316,961  

Equinix, Inc.

     8,713        5,025,658  

Equity Residential

     43,886        3,785,606  

Essex Property Trust, Inc.

     8,615      2,814,090  

HCP, Inc.(a)

     110,707        3,944,490  

Host Hotels & Resorts, Inc.

     150,209        2,597,114  

Prologis, Inc.

     83,969        7,155,838  

Public Storage

     29,889        7,330,875  

Realty Income Corp.

     54,091        4,147,698  

Simon Property Group, Inc.

     56,681        8,822,398  

Ventas, Inc.

     72,485        5,293,580  

Vornado Realty Trust

     24,787        1,578,188  

Welltower, Inc.

     76,518        6,936,357  

Weyerhaeuser Co.

     181,815        5,036,276  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     95,318,050  
Food & Staples Retailing – 2.3%      

Costco Wholesale Corp.

     21,838        6,291,746  

Kroger Co. (The)

     52,461        1,352,445  

Sysco Corp.

     56,611        4,494,913  

Walgreens Boots Alliance, Inc.

     87,661        4,848,530  

Walmart, Inc.

     287,269        34,093,085  
     

 

 

 
Total Food & Staples Retailing               51,080,719  
Food Products – 1.9%      

Archer-Daniels-Midland Co.

     69,180        2,841,223  

Conagra Brands, Inc.

     66,294        2,033,900  

General Mills, Inc.

     129,351        7,129,827  

Hershey Co. (The)

     19,084        2,957,829  

Hormel Foods Corp.

     47,915        2,095,323  

Kellogg Co.

     57,672        3,711,193  

Kraft Heinz Co. (The)

     269,981        7,541,919  

McCormick & Co., Inc. Non-Voting Shares

     9,207        1,439,054  

Mondelez International, Inc. Class A

     154,743        8,560,383  

Tyson Foods, Inc. Class A

     34,386        2,962,010  
     

 

 

 
Total Food Products               41,272,661  
Health Care Equipment & Supplies – 1.2%      

Abbott Laboratories

     123,217        10,309,566  

Baxter International, Inc.

     27,446        2,400,702  

Becton, Dickinson and Co.

     14,412        3,645,660  

Danaher Corp.

     20,618        2,977,858  

ResMed, Inc.

     9,771        1,320,160  

Stryker Corp.

     19,478        4,213,091  

Zimmer Biomet Holdings, Inc.

     8,212        1,127,261  
     

 

 

 
Total Health Care Equipment & Supplies               25,994,298  
Health Care Providers & Services – 1.5%      

AmerisourceBergen Corp.

     19,206        1,581,230  

Anthem, Inc.

     12,905        3,098,491  

Cardinal Health, Inc.

     41,397        1,953,524  

Cigna Corp.

     360        54,644  

CVS Health Corp.

     150,658        9,502,000  

HCA Healthcare, Inc.

     13,363        1,609,173  

Humana, Inc.

     4,370        1,117,278  

McKesson Corp.

     12,175        1,663,836  

UnitedHealth Group, Inc.

     57,342        12,461,563  
     

 

 

 
Total Health Care Providers & Services               33,041,739  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

September 30, 2019

 

 

 

Investments    Shares      Value  
Hotels, Restaurants & Leisure – 2.2%      

Darden Restaurants, Inc.

     11,772      $ 1,391,686  

Hilton Worldwide Holdings, Inc.

     13,193        1,228,400  

Las Vegas Sands Corp.

     181,395        10,477,375  

Marriott International, Inc. Class A

     22,599        2,810,638  

McDonald’s Corp.

     85,592        18,377,458  

MGM Resorts International

     48,813        1,353,097  

Starbucks Corp.

     121,417        10,735,691  

Yum! Brands, Inc.

     23,354        2,649,044  
     

 

 

 
Total Hotels, Restaurants & Leisure               49,023,389  
Household Durables – 0.1%      

D.R. Horton, Inc.

     24,465        1,289,550  

Lennar Corp. Class A

     4,434        247,639  
     

 

 

 
Total Household Durables               1,537,189  
Household Products – 2.6%      

Church & Dwight Co., Inc.

     13,941        1,048,921  

Clorox Co. (The)(a)

     14,112        2,143,189  

Colgate-Palmolive Co.

     97,653        7,178,472  

Kimberly-Clark Corp.

     47,810        6,791,411  

Procter & Gamble Co. (The)

     322,545        40,118,147  
     

 

 

 
Total Household Products               57,280,140  
Industrial Conglomerates – 2.2%      

3M Co.

     70,156        11,533,646  

General Electric Co.

     2,541,165        22,718,015  

Honeywell International, Inc.

     78,466        13,276,447  

Roper Technologies, Inc.

     3,726        1,328,692  
     

 

 

 
Total Industrial Conglomerates               48,856,800  
Insurance – 2.6%      

Aflac, Inc.

     78,044        4,083,262  

Allstate Corp. (The)

     37,067        4,028,442  

American International Group, Inc.

     130,670        7,278,319  

Arthur J. Gallagher & Co.

     14,135        1,266,072  

Cincinnati Financial Corp.

     18,941        2,209,846  

CNA Financial Corp.

     34,332        1,690,851  

Hartford Financial Services Group, Inc. (The)

     49,665        3,010,196  

Lincoln National Corp.

     29,264        1,765,204  

Loews Corp.

     4,452        229,189  

Marsh & McLennan Cos., Inc.

     45,695        4,571,785  

MetLife, Inc.

     190,176        8,968,700  

Principal Financial Group, Inc.

     52,151        2,979,908  

Progressive Corp. (The)

     48,886        3,776,444  

Prudential Financial, Inc.

     78,696        7,078,705  

Travelers Cos., Inc. (The)

     30,201        4,490,587  
     

 

 

 
Total Insurance               57,427,510  
Internet & Direct Marketing Retail – 0.0%      

Expedia Group, Inc.

     6,776        910,762  
IT Services – 2.9%      

Automatic Data Processing, Inc.

     45,863        7,403,205  

Cognizant Technology Solutions Corp. Class A

     32,509        1,959,155  

DXC Technology Co.

     13,737        405,242  

Fidelity National Information Services, Inc.

     18,765        2,491,241  

Global Payments, Inc.

     6,578      1,045,902  

International Business Machines Corp.

     207,897        30,232,382  

MasterCard, Inc. Class A

     23,105        6,274,625  

Paychex, Inc.

     53,332        4,414,290  

Visa, Inc. Class A(a)

     59,213        10,185,228  
     

 

 

 
Total IT Services               64,411,270  
Life Sciences Tools & Services – 0.1%      

Agilent Technologies, Inc.

     14,784        1,132,898  

Thermo Fisher Scientific, Inc.

     5,841        1,701,308  
     

 

 

 
Total Life Sciences Tools & Services               2,834,206  
Machinery – 1.5%      

Caterpillar, Inc.

     70,857        8,949,948  

Cummins, Inc.

     24,241        3,943,283  

Deere & Co.

     26,010        4,387,367  

Dover Corp.

     18,129        1,804,923  

Fortive Corp.

     7,135        489,176  

Illinois Tool Works, Inc.

     45,318        7,091,814  

PACCAR, Inc.

     37,244        2,607,452  

Parker-Hannifin Corp.

     12,170        2,198,024  

Stanley Black & Decker, Inc.

     14,850        2,144,488  

Xylem, Inc.

     4,105        326,840  
     

 

 

 
Total Machinery               33,943,315  
Media – 1.1%      

CBS Corp. Class B Non-Voting Shares

     22,539        909,899  

Comcast Corp. Class A

     416,395        18,771,087  

Fox Corp. Class A

     12,757        402,292  

Fox Corp. Class B

     10,016        315,905  

Omnicom Group, Inc.(a)

     25,725        2,014,267  

Sirius XM Holdings, Inc.(a)

     153,809        962,075  
     

 

 

 
Total Media               23,375,525  
Metals & Mining – 0.2%      

Freeport-McMoRan, Inc.

     82,863        792,999  

Newmont Goldcorp Corp.

     37,344        1,416,084  

Nucor Corp.

     40,988        2,086,699  
     

 

 

 
Total Metals & Mining               4,295,782  
Multi-Utilities – 1.8%      

Ameren Corp.

     31,593        2,529,020  

CenterPoint Energy, Inc.

     85,598        2,583,348  

CMS Energy Corp.

     34,352        2,196,810  

Consolidated Edison, Inc.

     49,061        4,634,793  

Dominion Energy, Inc.

     123,236        9,987,045  

DTE Energy Co.

     25,763        3,425,448  

Public Service Enterprise Group, Inc.

     74,322        4,613,910  

Sempra Energy

     36,864        5,441,495  

WEC Energy Group, Inc.(a)

     43,247        4,112,790  
     

 

 

 
Total Multi-Utilities               39,524,659  
Multiline Retail – 0.5%      

Dollar General Corp.

     13,630        2,166,352  

Target Corp.

     86,707        9,269,846  
     

 

 

 
Total Multiline Retail               11,436,198  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

September 30, 2019

 

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 7.3%      

Apache Corp.

     48,060      $ 1,230,336  

Chevron Corp.

     327,242        38,810,901  

ConocoPhillips

     89,053        5,074,240  

Devon Energy Corp.

     32,292        776,946  

EOG Resources, Inc.

     24,211        1,796,940  

Exxon Mobil Corp.

     799,022        56,418,943  

Hess Corp.

     18,282        1,105,695  

Kinder Morgan, Inc.

     484,466        9,984,844  

Marathon Oil Corp.

     25,327        310,762  

Marathon Petroleum Corp.

     95,315        5,790,386  

Occidental Petroleum Corp.

     165,835        7,374,683  

ONEOK, Inc.

     105,021        7,738,998  

Phillips 66

     75,795        7,761,408  

Pioneer Natural Resources Co.

     3,123        392,780  

Valero Energy Corp.

     82,948        7,070,488  

Williams Cos., Inc. (The)

     301,118        7,244,899  
     

 

 

 
Total Oil, Gas & Consumable Fuels               158,883,249  
Personal Products – 0.1%      

Estee Lauder Cos., Inc. (The) Class A

     12,943        2,575,010  
Pharmaceuticals – 5.5%      

Bristol-Myers Squibb Co.

     220,690        11,191,190  

Eli Lilly & Co.

     94,072        10,520,072  

Johnson & Johnson

     314,828        40,732,447  

Merck & Co., Inc.

     326,834        27,512,886  

Pfizer, Inc.

     782,468        28,114,075  

Zoetis, Inc.

     12,467        1,553,263  
     

 

 

 
Total Pharmaceuticals               119,623,933  
Road & Rail – 0.9%      

CSX Corp.

     51,996        3,601,763  

Norfolk Southern Corp.

     25,416        4,566,239  

Union Pacific Corp.

     74,229        12,023,613  
     

 

 

 
Total Road & Rail               20,191,615  
Semiconductors & Semiconductor Equipment – 4.7%

 

  

Analog Devices, Inc.

     37,433        4,182,389  

Applied Materials, Inc.

     105,621        5,270,488  

Broadcom, Inc.

     49,361        13,627,091  

Intel Corp.

     499,860        25,757,786  

KLA Corp.

     21,694        3,459,108  

Lam Research Corp.

     21,930        5,068,242  

Maxim Integrated Products, Inc.

     45,436        2,631,199  

Microchip Technology, Inc.(a)

     22,997        2,136,651  

NVIDIA Corp.

     12,863        2,239,062  

QUALCOMM, Inc.

     228,114        17,400,536  

Skyworks Solutions, Inc.

     14,866        1,178,131  

Texas Instruments, Inc.

     137,982        17,832,794  

Xilinx, Inc.

     19,955        1,913,685  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     102,697,162  
Software – 4.6%      

Citrix Systems, Inc.

     9,243        892,134  

Intuit, Inc.

     11,476        3,051,927  

Microsoft Corp.

     583,198        81,082,018  

Oracle Corp.

     267,249        14,706,713  

Symantec Corp.

     20,209      477,539  
     

 

 

 
Total Software               100,210,331  
Specialty Retail – 2.1%      

Best Buy Co., Inc.

     41,825        2,885,507  

Home Depot, Inc. (The)

     119,172        27,650,288  

Lowe’s Cos., Inc.

     74,098        8,147,816  

Ross Stores, Inc.

     18,658        2,049,581  

TJX Cos., Inc. (The)

     96,753        5,393,012  
     

 

 

 
Total Specialty Retail               46,126,204  
Technology Hardware, Storage & Peripherals – 4.3%

 

  

Apple, Inc.

     365,753        81,917,699  

Hewlett Packard Enterprise Co.

     191,346        2,902,719  

HP, Inc.

     208,404        3,943,004  

NetApp, Inc.

     31,551        1,656,743  

Western Digital Corp.

     57,470        3,427,511  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     93,847,676  
Textiles, Apparel & Luxury Goods – 0.5%      

NIKE, Inc. Class B

     69,644        6,540,964  

VF Corp.

     48,200        4,289,318  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               10,830,282  
Tobacco – 2.2%      

Altria Group, Inc.

     495,620        20,270,858  

Philip Morris International, Inc.

     374,490        28,435,026  
     

 

 

 
Total Tobacco               48,705,884  
Trading Companies & Distributors – 0.2%      

Fastenal Co.

     74,987        2,449,825  

W.W. Grainger, Inc.

     3,329        989,213  
     

 

 

 
Total Trading Companies & Distributors               3,439,038  
Water Utilities – 0.1%      

American Water Works Co., Inc.

     16,415        2,039,235  

TOTAL COMMON STOCKS

(Cost: $1,734,401,210)

              2,178,286,620  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree U.S. Total Dividend Fund(a)(b)

     
(Cost: $2,801,777)      28,629        2,837,377  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8%

 

United States – 0.8%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $16,230,653)(d)      16,230,653        16,230,653  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $1,753,433,640)

 

 

     2,197,354,650  

Other Assets less Liabilities – (0.6)%

        (13,163,003
     

 

 

 
NET ASSETS – 100.0%             $ 2,184,191,647  

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $32,733,086 and the total market value of the collateral held by the Fund was $33,413,409. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $17,182,756.

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. LargeCap Fund (EPS)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.8%

 

Aerospace & Defense – 3.0%

 

Arconic, Inc.

     7,025      $ 182,650  

Boeing Co. (The)

     5,791        2,203,302  

General Dynamics Corp.

     4,022        734,940  

HEICO Corp.

     566        70,682  

Huntington Ingalls Industries, Inc.

     835        176,845  

L3Harris Technologies, Inc.

     2,229        465,058  

Lockheed Martin Corp.

     3,698        1,442,442  

Northrop Grumman Corp.

     2,441        914,862  

Raytheon Co.

     3,326        652,528  

Spirit AeroSystems Holdings, Inc. Class A

     1,649        135,614  

Teledyne Technologies, Inc.*

     308        99,173  

Textron, Inc.

     4,778        233,931  

TransDigm Group, Inc.

     493        256,690  

United Technologies Corp.

     10,313        1,407,931  
     

 

 

 
Total Aerospace & Defense

 

     8,976,648  
Air Freight & Logistics – 0.8%

 

C.H. Robinson Worldwide, Inc.

     1,536        130,222  

Expeditors International of Washington, Inc.

     1,745        129,636  

FedEx Corp.

     3,932        572,381  

United Parcel Service, Inc. Class B

     11,125        1,332,998  

XPO Logistics, Inc.*(a)

     1,256        89,892  
     

 

 

 
Total Air Freight & Logistics

 

     2,255,129  
Airlines – 0.7%

 

Alaska Air Group, Inc.

     1,764        114,501  

American Airlines Group, Inc.(a)

     9,298        250,767  

Delta Air Lines, Inc.

     14,261        821,434  

Southwest Airlines Co.

     9,728        525,409  

United Airlines Holdings, Inc.*

     4,964        438,867  
     

 

 

 
Total Airlines

 

     2,150,978  
Auto Components – 0.1%

 

BorgWarner, Inc.

     4,778        175,257  

Lear Corp.

     1,967        231,909  
     

 

 

 
Total Auto Components

 

     407,166  
Automobiles – 1.1%

 

Ford Motor Co.

     154,055        1,411,144  

General Motors Co.

     49,759        1,864,967  
     

 

 

 
Total Automobiles

 

     3,276,111  
Banks – 9.8%

 

Bank of America Corp.

     208,944        6,094,896  

BB&T Corp.

     13,384        714,304  

Citigroup, Inc.

     62,478        4,315,980  

Citizens Financial Group, Inc.

     11,115        393,138  

Comerica, Inc.

     3,413        225,224  

Fifth Third Bancorp

     17,365        475,454  

First Republic Bank

     1,931        186,728  

Huntington Bancshares, Inc.

     22,231        317,236  

JPMorgan Chase & Co.

     62,901        7,402,819  

KeyCorp

     23,421        417,831  

M&T Bank Corp.

     2,284        360,803  

PNC Financial Services Group, Inc. (The)

     8,272      1,159,404  

Regions Financial Corp.

     23,500        371,770  

SunTrust Banks, Inc.

     10,088        694,054  

SVB Financial Group*

     952        198,920  

U.S. Bancorp

     27,550        1,524,617  

Wells Fargo & Co.

     79,186        3,994,142  

Zions Bancorp NA

     3,931        175,008  
     

 

 

 
Total Banks

 

     29,022,328  
Beverages – 1.7%

 

Brown-Forman Corp. Class B

     3,470        217,847  

Coca-Cola Co. (The)

     28,914        1,574,078  

Constellation Brands, Inc. Class A

     3,470        719,262  

Molson Coors Brewing Co. Class B

     4,101        235,807  

Monster Beverage Corp.*

     3,930        228,176  

PepsiCo, Inc.

     14,131        1,937,360  
     

 

 

 
Total Beverages

 

     4,912,530  
Biotechnology – 2.4%

 

AbbVie, Inc.

     18,600        1,408,392  

Alexion Pharmaceuticals, Inc.*

     378        37,021  

Amgen, Inc.

     9,185        1,777,389  

Biogen, Inc.*

     2,938        684,025  

Celgene Corp.*

     13,037        1,294,574  

Gilead Sciences, Inc.

     22,920        1,452,670  

Regeneron Pharmaceuticals, Inc.*

     1,189        329,829  

Vertex Pharmaceuticals, Inc.*

     769        130,284  
     

 

 

 
Total Biotechnology

 

     7,114,184  
Building Products – 0.1%

 

A.O. Smith Corp.

     2,094        99,905  

Lennox International, Inc.

     372        90,385  

Masco Corp.

     4,233        176,431  
     

 

 

 
Total Building Products

 

     366,721  
Capital Markets – 4.3%

 

Ameriprise Financial, Inc.

     3,876        570,160  

Bank of New York Mellon Corp. (The)

     15,475        699,625  

BlackRock, Inc.

     2,453        1,093,155  

CBOE Global Markets, Inc.

     701        80,552  

Charles Schwab Corp. (The)

     15,660        655,058  

CME Group, Inc.

     2,163        457,128  

E*TRADE Financial Corp.

     4,413        192,804  

FactSet Research Systems, Inc.

     303        73,620  

Franklin Resources, Inc.

     11,427        329,783  

Goldman Sachs Group, Inc. (The)

     11,995        2,485,724  

Interactive Brokers Group, Inc. Class A

     1,196        64,321  

Intercontinental Exchange, Inc.

     5,020        463,195  

KKR & Co., Inc. Class A

     18,606        499,571  

MarketAxess Holdings, Inc.

     153        50,108  

Moody’s Corp.

     1,870        383,032  

Morgan Stanley

     45,254        1,930,988  

MSCI, Inc.

     683        148,723  

Nasdaq, Inc.

     1,754        174,260  

Northern Trust Corp.

     3,322        310,009  

Raymond James Financial, Inc.

     2,678        220,828  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. LargeCap Fund (EPS)

September 30, 2019

 

 

 

Investments    Shares      Value  

S&P Global, Inc.

     2,447      $ 599,466  

SEI Investments Co.

     2,066        122,421  

State Street Corp.

     8,676        513,532  

T. Rowe Price Group, Inc.

     4,383        500,758  

TD Ameritrade Holding Corp.

     6,035        281,834  
     

 

 

 
Total Capital Markets

 

     12,900,655  
Chemicals – 1.1%

 

Air Products & Chemicals, Inc.

     2,177        482,989  

Albemarle Corp.(a)

     1,771        123,120  

Celanese Corp.

     3,323        406,370  

CF Industries Holdings, Inc.

     882        43,394  

Corteva, Inc.*

     1,515        42,420  

Dow, Inc.*

     1,517        72,285  

DuPont de Nemours, Inc.

     1,515        108,035  

Eastman Chemical Co.

     3,547        261,875  

Ecolab, Inc.

     2,046        405,190  

FMC Corp.

     1,567        137,395  

International Flavors & Fragrances, Inc.(a)

     674        82,693  

Livent Corp.*(a)

     1,453        9,721  

PPG Industries, Inc.

     2,852        337,990  

RPM International, Inc.

     1,001        68,879  

Sherwin-Williams Co. (The)

     752        413,502  

Westlake Chemical Corp.

     3,570        233,906  
     

 

 

 
Total Chemicals

 

     3,229,764  
Commercial Services & Supplies – 0.4%

 

Cintas Corp.

     843        226,008  

Copart, Inc.*

     1,968        158,090  

Republic Services, Inc.

     2,685        232,387  

Rollins, Inc.

     1,391        47,391  

Waste Management, Inc.

     4,172        479,780  
     

 

 

 
Total Commercial Services & Supplies

 

     1,143,656  
Communications Equipment – 1.1%

 

Arista Networks, Inc.*

     597        142,635  

Cisco Systems, Inc.

     52,958        2,616,655  

F5 Networks, Inc.*

     636        89,307  

Juniper Networks, Inc.

     3,324        82,269  

Motorola Solutions, Inc.

     1,400        238,574  

Ubiquiti, Inc.(a)

     667        78,880  
     

 

 

 
Total Communications Equipment

 

     3,248,320  
Construction & Engineering – 0.0%

 

Jacobs Engineering Group, Inc.

     921        84,272  
Construction Materials – 0.1%

 

Martin Marietta Materials, Inc.

     564        154,592  

Vulcan Materials Co.

     869        131,428  
     

 

 

 
Total Construction Materials

 

     286,020  
Consumer Finance – 1.6%

 

Ally Financial, Inc.

     11,868        393,543  

American Express Co.

     12,429        1,470,102  

Capital One Financial Corp.

     14,733        1,340,408  

Discover Financial Services

     8,690        704,672  

Synchrony Financial

     22,452        765,389  
     

 

 

 
Total Consumer Finance

 

     4,674,114  
Containers & Packaging – 0.3%

 

Avery Dennison Corp.

     1,085      123,224  

Ball Corp.

     2,342        170,521  

International Paper Co.

     7,434        310,890  

Packaging Corp. of America

     1,464        155,330  

WestRock Co.

     3,760        137,052  
     

 

 

 
Total Containers & Packaging

 

     897,017  
Distributors – 0.1%

 

Genuine Parts Co.

     1,713        170,598  

LKQ Corp.*

     4,523        142,248  
     

 

 

 
Total Distributors

 

     312,846  
Diversified Consumer Services – 0.0%

 

Service Corp. International

     1,593        76,161  
Diversified Financial Services – 2.5%

 

Berkshire Hathaway, Inc. Class B*

     35,819        7,451,068  
Diversified Telecommunication Services – 2.5%

 

AT&T, Inc.

     98,992        3,745,857  

CenturyLink, Inc.

     6,868        85,713  

Verizon Communications, Inc.

     57,863        3,492,611  
     

 

 

 
Total Diversified Telecommunication Services

 

     7,324,181  
Electric Utilities – 2.0%

 

Alliant Energy Corp.

     2,371        127,868  

American Electric Power Co., Inc.

     5,091        476,976  

Avangrid, Inc.

     365        19,071  

Duke Energy Corp.

     7,317        701,408  

Edison International

     3,204        241,646  

Entergy Corp.

     2,304        270,397  

Evergy, Inc.

     1,922        127,928  

Eversource Energy

     3,181        271,880  

Exelon Corp.

     11,003        531,555  

NextEra Energy, Inc.

     7,107        1,655,860  

Pinnacle West Capital Corp.

     1,226        119,008  

PPL Corp.

     12,421        391,137  

Southern Co. (The)

     9,857        608,867  

Xcel Energy, Inc.

     5,063        328,538  
     

 

 

 
Total Electric Utilities

 

     5,872,139  
Electrical Equipment – 0.3%

 

AMETEK, Inc.

     2,124        195,026  

Emerson Electric Co.

     7,080        473,369  

Rockwell Automation, Inc.

     1,422        234,345  
     

 

 

 
Total Electrical Equipment

 

     902,740  
Electronic Equipment, Instruments & Components – 0.3%

 

Amphenol Corp. Class A

     3,002        289,693  

CDW Corp.

     1,467        180,793  

Corning, Inc.

     8,353        238,228  

Keysight Technologies, Inc.*

     228        22,173  

Trimble, Inc.*

     1,523        59,108  

Zebra Technologies Corp. Class A*

     474        97,819  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     887,814  
Energy Equipment & Services – 0.0%

 

Halliburton Co.

     6,852        129,160  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. LargeCap Fund (EPS)

September 30, 2019

 

 

 

Investments    Shares      Value  
Entertainment – 1.4%

 

Activision Blizzard, Inc.

     5,797      $ 306,777  

Electronic Arts, Inc.*

     3,141        307,253  

Netflix, Inc.*

     1,000        267,620  

Take-Two Interactive Software, Inc.*

     393        49,259  

Viacom, Inc. Class B

     11,433        274,735  

Walt Disney Co. (The)

     22,807        2,972,208  
     

 

 

 
Total Entertainment

 

     4,177,852  
Equity Real Estate Investment Trusts (REITs) – 1.5%

 

Alexandria Real Estate Equities, Inc.

     716        110,293  

American Tower Corp.

     1,464        323,734  

AvalonBay Communities, Inc.

     929        200,041  

Boston Properties, Inc.

     903        117,083  

Camden Property Trust

     493        54,728  

Crown Castle International Corp.

     872        121,217  

Digital Realty Trust, Inc.(a)

     505        65,554  

Duke Realty Corp.

     2,770        94,097  

Equinix, Inc.

     171        98,633  

Equity LifeStyle Properties, Inc.

     420        56,112  

Equity Residential

     2,045        176,402  

Essex Property Trust, Inc.

     321        104,855  

Extra Space Storage, Inc.

     1,090        127,334  

Federal Realty Investment Trust

     385        52,414  

HCP, Inc.

     1,527        54,407  

Host Hotels & Resorts, Inc.

     10,259        177,378  

Iron Mountain, Inc.

     1,558        50,464  

Mid-America Apartment Communities, Inc.

     568        73,846  

Prologis, Inc.

     4,411        375,905  

Public Storage

     1,366        335,039  

Realty Income Corp.

     1,110        85,115  

Regency Centers Corp.

     814        56,565  

SBA Communications Corp.

     44        10,610  

Simon Property Group, Inc.

     2,661        414,185  

SL Green Realty Corp.

     724        59,187  

Sun Communities, Inc.

     176        26,127  

UDR, Inc.

     1,013        49,110  

Ventas, Inc.

     2,414        176,294  

VICI Properties, Inc.

     3,748        84,892  

Vornado Realty Trust

     1,100        70,037  

W.P. Carey, Inc.

     845        75,627  

Welltower, Inc.

     1,697        153,833  

Weyerhaeuser Co.

     9,694        268,524  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     4,299,642  
Food & Staples Retailing – 1.3%

 

Costco Wholesale Corp.

     3,215        926,274  

Kroger Co. (The)

     21,040        542,411  

Sysco Corp.

     5,121        406,607  

Walgreens Boots Alliance, Inc.

     13,634        754,097  

Walmart, Inc.

     10,643        1,263,111  
     

 

 

 
Total Food & Staples Retailing

 

     3,892,500  
Food Products – 1.5%

 

Archer-Daniels-Midland Co.

     9,146        375,626  

Campbell Soup Co.

     1,065      49,970  

Conagra Brands, Inc.

     5,549        170,243  

General Mills, Inc.

     9,081        500,545  

Hershey Co. (The)

     2,053        318,194  

Hormel Foods Corp.

     4,560        199,409  

J.M. Smucker Co. (The)

     1,426        156,889  

Kellogg Co.

     6,203        399,163  

Kraft Heinz Co. (The)

     17,269        482,409  

Lamb Weston Holdings, Inc.

     1,190        86,537  

McCormick & Co., Inc. Non-Voting Shares

     846        132,230  

Mondelez International, Inc. Class A

     16,680        922,738  

Tyson Foods, Inc. Class A

     7,767        669,049  
     

 

 

 
Total Food Products

 

     4,463,002  
Gas Utilities – 0.1%

 

Atmos Energy Corp.

     997        113,548  

UGI Corp.

     2,057        103,406  
     

 

 

 
Total Gas Utilities

 

     216,954  
Health Care Equipment & Supplies – 1.4%

 

Abbott Laboratories

     6,931        579,917  

ABIOMED, Inc.*

     139        24,727  

Align Technology, Inc.*

     372        67,302  

Baxter International, Inc.

     4,068        355,828  

Becton, Dickinson and Co.

     733        185,420  

Boston Scientific Corp.*

     7,776        316,405  

Cooper Cos., Inc. (The)

     299        88,803  

Danaher Corp.

     5,820        840,582  

DexCom, Inc.*

     42        6,268  

Edwards Lifesciences Corp.*

     1,363        299,737  

IDEXX Laboratories, Inc.*

     420        114,211  

Intuitive Surgical, Inc.*

     502        271,045  

ResMed, Inc.

     905        122,274  

Stryker Corp.

     2,772        599,584  

Teleflex, Inc.

     165        56,059  

Varian Medical Systems, Inc.*

     668        79,552  

West Pharmaceutical Services, Inc.

     371        52,615  

Zimmer Biomet Holdings, Inc.

     1,544        211,945  
     

 

 

 
Total Health Care Equipment & Supplies

 

     4,272,274  
Health Care Providers & Services – 2.4%

 

AmerisourceBergen Corp.

     2,929        241,144  

Anthem, Inc.

     2,646        635,305  

Cardinal Health, Inc.

     3,401        160,493  

Centene Corp.*

     2,590        112,043  

Cigna Corp.

     3,167        480,719  

Covetrus, Inc.*(a)

     586        6,967  

CVS Health Corp.

     16,294        1,027,663  

DaVita, Inc.*

     1,409        80,412  

HCA Healthcare, Inc.

     5,800        698,436  

Henry Schein, Inc.*

     1,521        96,583  

Humana, Inc.

     1,122        286,862  

Laboratory Corp. of America Holdings*

     1,441        242,088  

McKesson Corp.

     2,942        402,054  

Molina Healthcare, Inc.*

     469        51,459  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. LargeCap Fund (EPS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Quest Diagnostics, Inc.

     1,796      $ 192,226  

UnitedHealth Group, Inc.

     9,132        1,984,566  

Universal Health Services, Inc. Class B

     1,556        231,455  

WellCare Health Plans, Inc.*

     358        92,783  
     

 

 

 
Total Health Care Providers & Services

 

     7,023,258  
Health Care Technology – 0.1%

 

Cerner Corp.

     2,631        179,355  

Veeva Systems, Inc. Class A*

     347        52,984  
     

 

 

 
Total Health Care Technology

 

     232,339  
Hotels, Restaurants & Leisure – 1.8%

 

Aramark

     2,277        99,232  

Chipotle Mexican Grill, Inc.*

     109        91,611  

Darden Restaurants, Inc.

     1,204        142,337  

Domino’s Pizza, Inc.

     313        76,557  

Hilton Worldwide Holdings, Inc.

     2,110        196,462  

Las Vegas Sands Corp.

     10,064        581,297  

Marriott International, Inc. Class A

     4,524        562,650  

McDonald’s Corp.

     6,958        1,493,952  

MGM Resorts International

     2,548        70,630  

Starbucks Corp.

     15,210        1,344,868  

Vail Resorts, Inc.

     298        67,813  

Wynn Resorts Ltd.

     1,064        115,678  

Yum! Brands, Inc.

     4,733        536,864  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     5,379,951  
Household Durables – 0.5%

 

D.R. Horton, Inc.

     9,602        506,122  

Lennar Corp. Class A

     6,792        379,333  

Mohawk Industries, Inc.*

     1,627        201,862  

NVR, Inc.*

     61        226,758  

Whirlpool Corp.

     1,237        195,891  
     

 

 

 
Total Household Durables

 

     1,509,966  
Household Products – 1.4%

 

Church & Dwight Co., Inc.

     1,760        132,422  

Clorox Co. (The)

     1,035        157,186  

Colgate-Palmolive Co.

     7,981        586,683  

Kimberly-Clark Corp.

     2,986        424,161  

Procter & Gamble Co. (The)

     22,959        2,855,641  
     

 

 

 
Total Household Products

 

     4,156,093  
Independent Power & Renewable Electricity Producers – 0.1%

 

AES Corp.

     12,344        201,701  

Vistra Energy Corp.

     357        9,543  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     211,244  
Industrial Conglomerates – 1.1%

 

3M Co.

     6,707        1,102,631  

Honeywell International, Inc.

     10,835        1,833,282  

Roper Technologies, Inc.

     725        258,535  
     

 

 

 
Total Industrial Conglomerates

 

     3,194,448  
Insurance – 3.2%

 

Aflac, Inc.

     14,493        758,274  

Alleghany Corp.*

     319        254,485  

Allstate Corp. (The)

     8,621        936,930  

American Financial Group, Inc.

     1,747      188,414  

American International Group, Inc.

     3,738        208,207  

Arthur J. Gallagher & Co.

     1,951        174,751  

Brown & Brown, Inc.

     2,410        86,905  

Cincinnati Financial Corp.

     2,311        269,624  

CNA Financial Corp.

     5,702        280,823  

Fidelity National Financial, Inc.

     4,833        214,634  

Globe Life, Inc.

     1,868        178,880  

Hartford Financial Services Group, Inc. (The)

     8,306        503,427  

Lincoln National Corp.

     6,468        390,150  

Loews Corp.

     4,965        255,598  

Markel Corp.*

     147        173,739  

Marsh & McLennan Cos., Inc.

     5,059        506,153  

MetLife, Inc.

     20,034        944,803  

Principal Financial Group, Inc.

     7,767        443,806  

Progressive Corp. (The)

     9,647        745,231  

Prudential Financial, Inc.

     10,187        916,321  

Reinsurance Group of America, Inc.

     1,100        175,868  

Travelers Cos., Inc. (The)

     4,522        672,376  

W.R. Berkley Corp.

     2,791        201,594  
     

 

 

 
Total Insurance

 

     9,480,993  
Interactive Media & Services – 4.4%

 

Alphabet, Inc. Class A*

     5,785        7,064,295  

Facebook, Inc. Class A*

     32,097        5,715,834  

IAC/InterActiveCorp*

     641        139,719  

Match Group, Inc.

     2,119        151,381  

TripAdvisor, Inc.*

     300        11,604  

Twitter, Inc.*

     1,776        73,171  
     

 

 

 
Total Interactive Media & Services

 

     13,156,004  
Internet & Direct Marketing Retail – 1.2%

 

Amazon.com, Inc.*

     1,079        1,873,047  

Booking Holdings, Inc.*

     494        969,529  

eBay, Inc.

     16,939        660,282  

Expedia Group, Inc.

     766        102,958  

Qurate Retail, Inc.*

     8,763        90,391  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     3,696,207  
IT Services – 4.0%

 

Akamai Technologies, Inc.*

     863        78,861  

Alliance Data Systems Corp.

     1,048        134,280  

Automatic Data Processing, Inc.

     2,705        436,641  

Broadridge Financial Solutions, Inc.

     1,084        134,882  

Cognizant Technology Solutions Corp. Class A

     6,399        385,636  

DXC Technology Co.

     4,757        140,331  

Fidelity National Information Services, Inc.

     2,086        276,937  

Fiserv, Inc.*

     7,089        734,350  

FleetCor Technologies, Inc.*

     826        236,880  

Gartner, Inc.*

     124        17,731  

Global Payments, Inc.

     2,053        326,427  

GoDaddy, Inc. Class A*

     122        8,050  

International Business Machines Corp.

     19,981        2,905,637  

Jack Henry & Associates, Inc.

     512        74,737  

Leidos Holdings, Inc.

     1,557        133,715  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. LargeCap Fund (EPS)

September 30, 2019

 

 

 

Investments    Shares      Value  

MasterCard, Inc. Class A

     6,904      $ 1,874,919  

Paychex, Inc.

     3,004        248,641  

PayPal Holdings, Inc.*

     5,685        588,909  

VeriSign, Inc.*

     709        133,739  

Visa, Inc. Class A

     16,099        2,769,189  

Western Union Co. (The)

     9,675        224,170  
     

 

 

 
Total IT Services

 

     11,864,662  
Leisure Products – 0.1%

 

Hasbro, Inc.

     1,421        168,658  
Life Sciences Tools & Services – 0.6%

 

Agilent Technologies, Inc.

     2,655        203,452  

Bio-Rad Laboratories, Inc. Class A*

     1,027        341,724  

Illumina, Inc.*

     551        167,625  

IQVIA Holdings, Inc.*

     500        74,690  

Mettler-Toledo International, Inc.*

     177        124,679  

PerkinElmer, Inc.

     598        50,932  

Thermo Fisher Scientific, Inc.

     2,586        753,224  

Waters Corp.*

     704        157,154  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,873,480  
Machinery – 1.8%

 

Caterpillar, Inc.

     9,948        1,256,532  

Cummins, Inc.

     3,345        544,131  

Deere & Co.

     4,427        746,746  

Dover Corp.

     1,967        195,834  

Fortive Corp.

     3,230        221,449  

IDEX Corp.

     660        108,161  

Illinois Tool Works, Inc.

     4,184        654,754  

PACCAR, Inc.

     7,632        534,316  

Parker-Hannifin Corp.

     1,919        346,591  

Snap-on, Inc.

     922        144,330  

Stanley Black & Decker, Inc.

     1,933        279,145  

Wabtec Corp.(a)

     831        59,716  

Xylem, Inc.

     1,384        110,194  
     

 

 

 
Total Machinery

 

     5,201,899  
Media – 1.8%

 

CBS Corp. Class B Non-Voting Shares

     6,704        270,640  

Charter Communications, Inc. Class A*

     811        334,229  

Comcast Corp. Class A

     67,555        3,045,379  

Discovery, Inc. Class A*(a)

     5,501        146,492  

DISH Network Corp. Class A*

     10,027        341,620  

Fox Corp. Class A

     4,546        143,358  

Interpublic Group of Cos., Inc. (The)

     5,591        120,542  

Liberty Broadband Corp. Class C*

     4,358        456,152  

Liberty Media Corp – Liberty SiriusXM Series C*

     2,132        89,459  

Omnicom Group, Inc.

     3,702        289,867  

Sirius XM Holdings, Inc.(a)

     38,119        238,434  
     

 

 

 
Total Media

 

     5,476,172  
Metals & Mining – 0.4%

 

Freeport-McMoRan, Inc.

     55,455        530,704  

Newmont Goldcorp Corp.

     2,480        94,042  

Nucor Corp.

     7,192        366,145  

Steel Dynamics, Inc.

     7,119        212,146  
     

 

 

 
Total Metals & Mining

 

     1,203,037  
Multi-Utilities – 0.8%

 

Ameren Corp.

     2,648      211,972  

CenterPoint Energy, Inc.

     3,170        95,671  

CMS Energy Corp.

     2,822        180,467  

Consolidated Edison, Inc.

     3,391        320,348  

Dominion Energy, Inc.

     6,373        516,468  

DTE Energy Co.

     2,080        276,557  

NiSource, Inc.

     582        17,413  

Public Service Enterprise Group, Inc.

     5,431        337,156  

Sempra Energy

     902        133,144  

WEC Energy Group, Inc.

     3,117        296,427  
     

 

 

 
Total Multi-Utilities

 

     2,385,623  
Multiline Retail – 0.7%

 

Dollar General Corp.

     2,877        457,270  

Dollar Tree, Inc.*

     2,803        319,990  

Kohl’s Corp.

     2,953        146,646  

Macy’s, Inc.

     7,627        118,524  

Nordstrom, Inc.(a)

     2,176        73,266  

Target Corp.

     9,067        969,353  
     

 

 

 
Total Multiline Retail

 

     2,085,049  
Oil, Gas & Consumable Fuels – 4.1%

 

Apache Corp.

     10,786        276,122  

Cheniere Energy, Inc.*

     1,808        114,013  

Chevron Corp.

     22,675        2,689,255  

Concho Resources, Inc.

     1,117        75,844  

ConocoPhillips

     17,344        988,261  

Continental Resources, Inc.*

     4,179        128,671  

Diamondback Energy, Inc.

     1,409        126,683  

EOG Resources, Inc.

     5,799        430,402  

Exxon Mobil Corp.

     48,513        3,425,503  

HollyFrontier Corp.

     4,469        239,717  

Kinder Morgan, Inc.

     17,443        359,500  

Marathon Oil Corp.

     10,331        126,761  

Marathon Petroleum Corp.

     8,289        503,557  

Noble Energy, Inc.

     7,959        178,759  

Occidental Petroleum Corp.

     11,170        496,730  

ONEOK, Inc.

     3,677        270,958  

Phillips 66

     9,241        946,278  

Pioneer Natural Resources Co.

     1,040        130,801  

Valero Energy Corp.

     7,742        659,928  

Williams Cos., Inc. (The)

     2,757        66,334  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     12,234,077  
Personal Products – 0.2%

 

Estee Lauder Cos., Inc. (The) Class A

     2,516        500,558  
Pharmaceuticals – 2.9%

 

Bristol-Myers Squibb Co.

     17,486        886,715  

Eli Lilly & Co.

     4,465        499,321  

Johnson & Johnson

     25,464        3,294,532  

Merck & Co., Inc.

     16,310        1,372,976  

Pfizer, Inc.

     61,596        2,213,144  

Zoetis, Inc.

     3,176        395,698  
     

 

 

 
Total Pharmaceuticals

 

     8,662,386  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. LargeCap Fund (EPS)

September 30, 2019

 

 

 

Investments    Shares      Value  
Professional Services – 0.2%

 

CoStar Group, Inc.*

     135      $ 80,082  

Equifax, Inc.

     864        121,539  

TransUnion

     906        73,486  

Verisk Analytics, Inc.

     1,074        169,842  
     

 

 

 
Total Professional Services

 

     444,949  
Real Estate Management & Development – 0.1%

 

CBRE Group, Inc. Class A*

     4,992        264,626  
Road & Rail – 1.1%

 

CSX Corp.

     9,940        688,544  

JB Hunt Transport Services, Inc.

     1,190        131,673  

Kansas City Southern

     1,278        169,987  

Norfolk Southern Corp.

     3,659        657,376  

Old Dominion Freight Line, Inc.

     895        152,123  

Union Pacific Corp.

     8,594        1,392,056  
     

 

 

 
Total Road & Rail

 

     3,191,759  
Semiconductors & Semiconductor Equipment – 5.6%

 

Advanced Micro Devices, Inc.*(a)

     3,489        101,146  

Analog Devices, Inc.

     3,748        418,764  

Applied Materials, Inc.

     28,335        1,413,916  

Broadcom, Inc.

     3,709        1,023,944  

Intel Corp.

     90,084        4,642,029  

KLA Corp.

     3,203        510,718  

Lam Research Corp.

     4,577        1,057,790  

Maxim Integrated Products, Inc.

     2,980        172,572  

Microchip Technology, Inc.(a)

     1,527        141,874  

Micron Technology, Inc.*

     86,629        3,712,053  

NVIDIA Corp.

     6,602        1,149,210  

ON Semiconductor Corp.*

     6,374        122,445  

Qorvo, Inc.*

     150        11,121  

Skyworks Solutions, Inc.

     3,524        279,277  

Texas Instruments, Inc.

     12,176        1,573,626  

Xilinx, Inc.

     1,937        185,758  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     16,516,243  
Software – 4.7%

 

Adobe, Inc.*

     2,310        638,138  

ANSYS, Inc.*

     501        110,901  

Cadence Design Systems, Inc.*

     1,627        107,512  

Citrix Systems, Inc.

     1,069        103,180  

Fortinet, Inc.*

     500        38,380  

Intuit, Inc.

     1,388        369,125  

Microsoft Corp.

     65,038        9,042,233  

Oracle Corp.

     48,778        2,684,253  

PTC, Inc.*

     66        4,500  

salesforce.com, Inc.*

     1,222        181,394  

SS&C Technologies Holdings, Inc.

     644        33,211  

Symantec Corp.

     4,942        116,780  

Synopsys, Inc.*

     772        105,957  

VMware, Inc. Class A

     3,424        513,805  
     

 

 

 
Total Software

 

     14,049,369  
Specialty Retail – 2.4%

 

Advance Auto Parts, Inc.

     511        84,519  

AutoZone, Inc.*

     319      345,994  

Best Buy Co., Inc.

     5,269        363,508  

Burlington Stores, Inc.*

     459        91,717  

CarMax, Inc.*

     2,649        233,112  

Gap, Inc. (The)

     7,553        131,120  

Home Depot, Inc. (The)

     13,169        3,055,471  

L Brands, Inc.

     4,762        93,288  

Lowe’s Cos., Inc.

     8,377        921,135  

O’Reilly Automotive, Inc.*

     764        304,462  

Ross Stores, Inc.

     4,069        446,980  

Tiffany & Co.(a)

     1,463        135,518  

TJX Cos., Inc. (The)

     14,365        800,705  

Tractor Supply Co.

     1,239        112,055  

Ulta Salon Cosmetics & Fragrance, Inc.*

     518        129,837  
     

 

 

 
Total Specialty Retail

 

     7,249,421  
Technology Hardware, Storage & Peripherals – 6.4%

 

Apple, Inc.

     78,100        17,492,057  

HP, Inc.

     35,882        678,888  

NetApp, Inc.

     3,926        206,154  

Western Digital Corp.

     11,488        685,144  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     19,062,243  
Textiles, Apparel & Luxury Goods – 0.6%

 

Kontoor Brands, Inc.*(a)

     634        22,253  

NIKE, Inc. Class B

     11,980        1,125,162  

PVH Corp.

     1,479        130,492  

Ralph Lauren Corp.

     913        87,164  

Tapestry, Inc.

     4,272        111,286  

VF Corp.

     4,393        390,933  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     1,867,290  
Tobacco – 1.0%

 

Altria Group, Inc.

     29,891        1,222,542  

Philip Morris International, Inc.

     21,224        1,611,538  
     

 

 

 
Total Tobacco

 

     2,834,080  
Trading Companies & Distributors – 0.2%

 

Fastenal Co.

     5,634        184,063  

United Rentals, Inc.*

     2,014        251,025  

W.W. Grainger, Inc.

     579        172,050  
     

 

 

 
Total Trading Companies & Distributors

 

     607,138  
Water Utilities – 0.1%

 

American Water Works Co., Inc.

     1,303        161,872  
Wireless Telecommunication Services – 0.3%

 

Sprint Corp.*

     10,605        65,433  

T-Mobile U.S., Inc.*

     8,902        701,210  
     

 

 

 
Total Wireless Telecommunication Services

 

     766,643  

TOTAL COMMON STOCKS

(Cost: $253,199,345)

 

 

     295,935,683  
EXCHANGE-TRADED FUND – 0.1%

 

United States – 0.1%

 

WisdomTree U.S. High Dividend Fund(b)

     
(Cost: $344,360)      5,135        382,432  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. LargeCap Fund (EPS)

September 30, 2019

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%

 

United States – 0.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $995,516)(d)      995,516      $ 995,516  

TOTAL INVESTMENTS IN SECURITIES – 100.2%

(Cost: $254,539,221)

 

 

     297,313,631  

Other Assets less Liabilities – (0.2)%

 

     (689,148
     

 

 

 
NET ASSETS – 100.0%

 

   $ 296,624,483  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b)

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,472,480 and the total market value of the collateral held by the Fund was $1,505,288. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $509,772.

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. MidCap Dividend Fund (DON)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

United States – 99.5%

 

Aerospace & Defense – 1.2%

 

Arconic, Inc.(a)

     485,114      $ 12,612,964  

BWX Technologies, Inc.(a)

     125,288        7,167,726  

Curtiss-Wright Corp.

     21,963        2,841,353  

HEICO Corp.(a)

     6,891        860,548  

HEICO Corp. Class A(a)

     14,835        1,443,594  

Hexcel Corp.(a)

     73,289        6,019,226  

Huntington Ingalls Industries, Inc.(a)

     62,333        13,201,506  

Spirit AeroSystems Holdings, Inc. Class A(a)

     56,545        4,650,261  
     

 

 

 
Total Aerospace & Defense

 

     48,797,178  
Airlines – 0.4%

 

Alaska Air Group, Inc.(a)

     208,974        13,564,502  

SkyWest, Inc.

     48,401        2,778,218  
     

 

 

 
Total Airlines

 

     16,342,720  
Auto Components – 1.2%

 

BorgWarner, Inc.(a)

     339,565        12,455,244  

Gentex Corp.

     474,536        13,066,349  

Goodyear Tire & Rubber Co. (The)(a)

     590,338        8,503,819  

Lear Corp.(a)

     122,784        14,476,233  
     

 

 

 
Total Auto Components

 

     48,501,645  
Automobiles – 0.7%

 

Harley-Davidson, Inc.(a)

     579,971        20,861,557  

Thor Industries, Inc.(a)

     127,928        7,245,842  
     

 

 

 
Total Automobiles

 

     28,107,399  
Banks – 4.4%

 

Associated Banc-Corp.

     187,898        3,804,934  

BancorpSouth Bank(a)

     84,098        2,490,142  

Bank of Hawaii Corp.(a)

     44,827        3,851,984  

Bank OZK(a)

     173,585        4,733,663  

BankUnited, Inc.

     98,729        3,319,269  

BOK Financial Corp.(a)

     58,674        4,644,047  

Cathay General Bancorp(a)

     91,577        3,180,927  

CIT Group, Inc.(a)

     90,250        4,089,227  

Columbia Banking System, Inc.(a)

     70,019        2,583,701  

Commerce Bancshares, Inc.(a)

     55,993        3,395,975  

Community Bank System, Inc.(a)

     41,185        2,540,703  

Cullen/Frost Bankers, Inc.(a)

     59,339        5,254,468  

CVB Financial Corp.

     112,202        2,341,656  

East West Bancorp, Inc.(a)

     93,088        4,122,868  

First Citizens BancShares, Inc. Class A(a)

     881        415,436  

First Financial Bankshares, Inc.(a)

     64,906        2,163,317  

First Hawaiian, Inc.

     195,533        5,220,731  

First Horizon National Corp.

     401,057        6,497,123  

FNB Corp.

     538,174        6,205,146  

Fulton Financial Corp.

     186,066        3,010,548  

Glacier Bancorp, Inc.

     62,808        2,541,212  

Hancock Whitney Corp.(a)

     87,185        3,338,750  

Home BancShares, Inc.(a)

     179,358        3,371,034  

Iberiabank Corp.

     44,259        3,343,325  

Investors Bancorp, Inc.

     390,335        4,434,206  

PacWest Bancorp

     305,241      11,092,458  

People’s United Financial, Inc.(a)

     584,504        9,138,720  

Pinnacle Financial Partners, Inc.(a)

     37,650        2,136,637  

Popular, Inc.

     66,693        3,606,757  

Prosperity Bancshares, Inc.(a)

     61,545        4,346,923  

Signature Bank(a)

     35,379        4,217,884  

Sterling Bancorp(a)

     143,521        2,879,031  

Synovus Financial Corp.

     127,539        4,560,795  

TCF Financial Corp.

     160,459        6,108,674  

UMB Financial Corp.(a)

     32,586        2,104,404  

Umpqua Holdings Corp.

     365,004        6,007,966  

United Bankshares, Inc.(a)

     156,541        5,928,208  

Valley National Bancorp(a)

     528,289        5,742,501  

Webster Financial Corp.(a)

     81,345        3,812,640  

Wintrust Financial Corp.

     17,809        1,150,996  

Zions Bancorp NA(a)

     179,632        7,997,217  
     

 

 

 
Total Banks

 

     171,726,203  
Building Products – 1.7%

 

A.O. Smith Corp.(a)

     255,133        12,172,396  

Armstrong World Industries, Inc.(a)

     44,562        4,309,145  

Fortune Brands Home & Security, Inc.(a)

     234,946        12,851,546  

Lennox International, Inc.

     40,360        9,806,269  

Masco Corp.

     407,214        16,972,680  

Owens Corning

     178,837        11,302,498  
     

 

 

 
Total Building Products

 

     67,414,534  
Capital Markets – 1.6%

 

Affiliated Managers Group, Inc.(a)

     24,514        2,043,242  

BGC Partners, Inc. Class A

     1,263,620        6,949,910  

CBOE Global Markets, Inc.(a)

     45,158        5,189,106  

Eaton Vance Corp.(a)

     157,520        7,077,374  

Evercore, Inc. Class A(a)

     36,440        2,918,844  

FactSet Research Systems, Inc.(a)

     13,567        3,296,374  

Interactive Brokers Group, Inc. Class A(a)

     18,276        982,883  

KKR & Co., Inc. Class A(a)

     442,725        11,887,166  

LPL Financial Holdings, Inc.(a)

     54,299        4,447,088  

MarketAxess Holdings, Inc.

     9,017        2,953,068  

Morningstar, Inc.(a)

     14,252        2,082,787  

Raymond James Financial, Inc.

     85,771        7,072,677  

SEI Investments Co.(a)

     62,990        3,732,472  

Stifel Financial Corp.(a)

     29,852        1,712,908  
     

 

 

 
Total Capital Markets

 

     62,345,899  
Chemicals – 4.5%

 

Albemarle Corp.(a)

     137,192        9,537,588  

Ashland Global Holdings, Inc.(a)

     67,798        5,223,836  

CF Industries Holdings, Inc.(a)

     552,830        27,199,236  

Chemours Co. (The)(a)

     502,194        7,502,778  

Eastman Chemical Co.(a)

     365,813        27,007,974  

FMC Corp.

     95,693        8,390,362  

Huntsman Corp.(a)

     699,521        16,270,859  

NewMarket Corp.

     16,974        8,013,256  

Olin Corp.(a)

     553,213        10,356,147  

RPM International, Inc.

     261,994        18,027,807  

Scotts Miracle-Gro Co. (The)(a)

     157,451        16,031,661  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

September 30, 2019

 

 

 

Investments    Shares      Value  

Valvoline, Inc.

     340,500      $ 7,501,215  

W.R. Grace & Co.(a)

     87,750        5,858,190  

Westlake Chemical Corp.(a)

     163,846        10,735,190  
     

 

 

 
Total Chemicals

 

     177,656,099  
Commercial Services & Supplies – 0.8%

 

ADT, Inc.(a)

     1,248,501        7,828,101  

Brink’s Co. (The)(a)

     38,732        3,212,819  

Healthcare Services Group, Inc.(a)

     109,869        2,668,718  

KAR Auction Services, Inc.(a)

     318,124        7,809,944  

MSA Safety, Inc.(a)

     55,804        6,088,775  

Tetra Tech, Inc.(a)

     41,131        3,568,526  
     

 

 

 
Total Commercial Services & Supplies

 

     31,176,883  
Communications Equipment – 0.6%

 

Juniper Networks, Inc.

     751,763        18,606,134  

Ubiquiti, Inc.(a)

     51,842        6,130,835  
     

 

 

 
Total Communications Equipment

 

     24,736,969  
Construction & Engineering – 0.5%

 

EMCOR Group, Inc.

     24,619        2,120,188  

Fluor Corp.(a)

     297,136        5,684,212  

Jacobs Engineering Group, Inc.

     118,671        10,858,396  
     

 

 

 
Total Construction & Engineering

 

     18,662,796  
Construction Materials – 0.5%

 

Eagle Materials, Inc.

     28,761        2,588,778  

Martin Marietta Materials, Inc.(a)

     58,004        15,898,896  
     

 

 

 
Total Construction Materials

 

     18,487,674  
Consumer Finance – 0.7%

 

Ally Financial, Inc.

     356,826        11,832,350  

FirstCash, Inc.

     16,413        1,504,580  

Santander Consumer USA Holdings, Inc.(a)

     534,179        13,626,906  
     

 

 

 
Total Consumer Finance

 

     26,963,836  
Containers & Packaging – 3.1%

 

AptarGroup, Inc.(a)

     79,406        9,405,640  

Avery Dennison Corp.(a)

     165,263        18,768,919  

Graphic Packaging Holding Co.(a)

     707,727        10,438,973  

Packaging Corp. of America(a)

     266,908        28,318,939  

Sealed Air Corp.(a)

     246,923        10,249,774  

Sonoco Products Co.(a)

     241,219        14,041,358  

WestRock Co.

     879,180        32,046,111  
     

 

 

 
Total Containers & Packaging

 

     123,269,714  
Distributors – 0.2%

 

Pool Corp.(a)

     40,266        8,121,652  
Diversified Consumer Services – 0.7%

 

H&R Block, Inc.(a)

     627,884        14,830,620  

Service Corp. International(a)

     248,390        11,875,526  
     

 

 

 
Total Diversified Consumer Services

 

     26,706,146  
Diversified Financial Services – 0.5%

 

AXA Equitable Holdings, Inc.(a)

     537,872        11,919,244  

Jefferies Financial Group, Inc.

     306,345        5,636,748  

Voya Financial, Inc.(a)

     3,948        214,929  
     

 

 

 
Total Diversified Financial Services

 

     17,770,921  
Electric Utilities – 3.7%

 

ALLETE, Inc.

     115,663      10,110,103  

Alliant Energy Corp.(a)

     577,438        31,141,231  

Hawaiian Electric Industries, Inc.(a)

     309,998        14,139,009  

IDACORP, Inc.

     105,316        11,865,954  

OGE Energy Corp.

     639,434        29,017,515  

Pinnacle West Capital Corp.(a)

     301,346        29,251,656  

PNM Resources, Inc.

     154,859        8,065,057  

Portland General Electric Co.

     217,825        12,278,795  
     

 

 

 
Total Electric Utilities

 

     145,869,320  
Electrical Equipment – 0.9%

 

Acuity Brands, Inc.(a)

     15,965        2,151,923  

EnerSys(a)

     30,145        1,987,761  

GrafTech International Ltd.(a)

     688,906        8,817,997  

Hubbell, Inc.

     147,428        19,372,039  

Regal Beloit Corp.

     54,026        3,935,794  
     

 

 

 
Total Electrical Equipment

 

     36,265,514  
Electronic Equipment, Instruments & Components – 1.4%

 

Avnet, Inc.

     193,811        8,621,682  

Cognex Corp.(a)

     75,367        3,702,781  

Dolby Laboratories, Inc. Class A(a)

     60,566        3,914,986  

FLIR Systems, Inc.(a)

     170,798        8,982,267  

Jabil, Inc.(a)

     201,089        7,192,953  

Littelfuse, Inc.(a)

     21,056        3,733,439  

National Instruments Corp.

     226,935        9,529,001  

SYNNEX Corp.

     77,443        8,743,315  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     54,420,424  
Energy Equipment & Services – 1.5%

 

Baker Hughes a GE Co.(a)

     1,445,227        33,529,267  

Helmerich & Payne, Inc.(a)

     444,675        17,818,127  

National Oilwell Varco, Inc.(a)

     244,001        5,172,821  

Patterson-UTI Energy, Inc.(a)

     260,098        2,223,838  
     

 

 

 
Total Energy Equipment & Services

 

     58,744,053  
Entertainment – 0.8%

 

Cinemark Holdings, Inc.(a)

     310,529        11,998,841  

Viacom, Inc. Class B(a)

     817,846        19,652,839  

World Wrestling Entertainment, Inc. Class A(a)

     21,081        1,499,913  
     

 

 

 
Total Entertainment

 

     33,151,593  
Equity Real Estate Investment Trusts (REITs) – 15.9%

 

American Campus Communities, Inc.(a)

     192,204        9,241,168  

American Homes 4 Rent Class A(a)

     100,338        2,597,751  

Americold Realty Trust

     131,297        4,867,180  

Apartment Investment & Management Co. Class A(a)

     168,172        8,768,488  

Apple Hospitality REIT, Inc.

     606,837        10,061,357  

Brixmor Property Group, Inc.

     693,219        14,065,414  

Camden Property Trust

     104,133        11,559,804  

Colony Capital, Inc.

     1,238,003        7,452,778  

CoreSite Realty Corp.

     49,995        6,091,891  

Cousins Properties, Inc.

     115,927        4,357,696  

CubeSmart

     238,408        8,320,439  

CyrusOne, Inc.

     106,766        8,445,191  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

September 30, 2019

 

 

 

Investments    Shares      Value  

Douglas Emmett, Inc.

     152,761      $ 6,542,754  

Duke Realty Corp.(a)

     363,888        12,361,275  

EastGroup Properties, Inc.

     33,465        4,183,794  

EPR Properties

     150,798        11,590,334  

Equity LifeStyle Properties, Inc.(a)

     65,294        8,723,278  

Extra Space Storage, Inc.(a)

     153,338        17,912,945  

Federal Realty Investment Trust(a)

     77,550        10,557,657  

First Industrial Realty Trust, Inc.

     112,091        4,434,320  

Gaming and Leisure Properties, Inc.(a)

     552,431        21,124,961  

Healthcare Realty Trust, Inc.

     168,786        5,654,331  

Healthcare Trust of America, Inc. Class A

     312,492        9,181,015  

Highwoods Properties, Inc.(a)

     154,723        6,953,252  

Hudson Pacific Properties, Inc.(a)

     177,823        5,949,958  

Invitation Homes, Inc.(a)

     348,005        10,304,428  

Iron Mountain, Inc.(a)

     670,247        21,709,300  

JBG SMITH Properties(a)

     106,739        4,185,236  

Kilroy Realty Corp.

     88,778        6,914,918  

Kimco Realty Corp.

     971,530        20,285,546  

Lamar Advertising Co. Class A(a)

     145,485        11,919,586  

Liberty Property Trust

     167,900        8,618,307  

Life Storage, Inc.(a)

     69,151        7,289,207  

Macerich Co. (The)(a)

     294,835        9,313,838  

Medical Properties Trust, Inc.(a)

     809,915        15,841,937  

Mid-America Apartment Communities, Inc.(a)

     136,484        17,744,285  

National Health Investors, Inc.

     70,905        5,841,863  

National Retail Properties, Inc.(a)

     236,065        13,314,066  

Omega Healthcare Investors, Inc.(a)

     490,307        20,489,930  

Paramount Group, Inc.

     228,314        3,047,992  

Park Hotels & Resorts, Inc.

     395,500        9,875,635  

Physicians Realty Trust

     320,021        5,680,373  

PS Business Parks, Inc.(a)

     26,074        4,744,164  

Rayonier, Inc.(a)

     151,945        4,284,849  

Regency Centers Corp.(a)

     199,986        13,897,027  

Rexford Industrial Realty, Inc.

     55,019        2,421,936  

RLJ Lodging Trust

     420,253        7,140,099  

Ryman Hospitality Properties, Inc.

     81,585        6,674,469  

Sabra Health Care REIT, Inc.(a)

     577,055        13,249,183  

Senior Housing Properties Trust

     941,836        8,716,692  

Service Properties Trust(a)

     446,859        11,524,494  

SL Green Realty Corp.

     110,178        9,007,052  

Spirit Realty Capital, Inc.

     179,742        8,602,452  

STORE Capital Corp.

     321,569        12,029,896  

Sun Communities, Inc.

     77,426        11,493,890  

Sunstone Hotel Investors, Inc.

     108,297        1,488,001  

Taubman Centers, Inc.(a)

     104,456        4,264,939  

UDR, Inc.

     290,882        14,101,959  

Uniti Group, Inc.

     801,111        6,220,627  

VEREIT, Inc.

     2,245,871        21,964,618  

VICI Properties, Inc.

     752,156        17,036,333  

W.P. Carey, Inc.

     312,153        27,937,694  

Weingarten Realty Investors(a)

     238,204        6,938,883  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     627,114,735  
Food & Staples Retailing – 0.1%

 

Casey’s General Stores, Inc.(a)

     25,701      4,141,973  
Food Products – 3.0%

 

Campbell Soup Co.(a)

     890,812        41,796,899  

Flowers Foods, Inc.(a)

     663,309        15,342,337  

Ingredion, Inc.

     154,540        12,632,100  

J.M. Smucker Co. (The)(a)

     318,266        35,015,625  

Lamb Weston Holdings, Inc.(a)

     122,992        8,943,978  

Lancaster Colony Corp.(a)

     35,623        4,939,129  

Seaboard Corp.(a)

     77        336,875  
     

 

 

 
Total Food Products

 

     119,006,943  
Gas Utilities – 2.2%

 

Atmos Energy Corp.(a)

     208,051        23,694,928  

National Fuel Gas Co.

     216,204        10,144,292  

New Jersey Resources Corp.(a)

     194,250        8,783,985  

ONE Gas, Inc.(a)

     102,082        9,811,101  

Southwest Gas Holdings, Inc.

     111,850        10,182,824  

Spire, Inc.

     126,207        11,010,299  

UGI Corp.(a)

     262,771        13,209,498  
     

 

 

 
Total Gas Utilities

 

     86,836,927  
Health Care Equipment & Supplies – 0.5%

 

Cantel Medical Corp.(a)

     6,677        499,440  

Dentsply Sirona, Inc.(a)

     176,058        9,385,652  

Hill-Rom Holdings, Inc.

     49,793        5,239,717  

West Pharmaceutical Services, Inc.

     34,327        4,868,255  
     

 

 

 
Total Health Care Equipment & Supplies

 

     19,993,064  
Health Care Providers & Services – 1.1%

 

Chemed Corp.(a)

     6,254        2,611,483  

Encompass Health Corp.

     129,759        8,211,149  

Quest Diagnostics, Inc.

     279,190        29,881,706  

Universal Health Services, Inc. Class B(a)

     23,791        3,538,911  
     

 

 

 
Total Health Care Providers & Services

 

     44,243,249  
Hotels, Restaurants & Leisure – 4.2%

 

Aramark(a)

     283,328        12,347,434  

Choice Hotels International, Inc.

     53,337        4,744,859  

Churchill Downs, Inc.

     25,590        3,159,213  

Cracker Barrel Old Country Store, Inc.(a)

     58,691        9,546,091  

Domino’s Pizza, Inc.(a)

     34,004        8,317,038  

Dunkin’ Brands Group, Inc.(a)

     147,941        11,740,598  

Hyatt Hotels Corp. Class A(a)

     33,097        2,438,256  

Marriott Vacations Worldwide Corp.(a)

     87,290        9,044,117  

Six Flags Entertainment Corp.

     391,045        19,861,176  

Texas Roadhouse, Inc.(a)

     99,328        5,216,707  

Vail Resorts, Inc.(a)

     87,673        19,950,868  

Wendy’s Co. (The)(a)

     407,138        8,134,617  

Wyndham Destinations, Inc.

     356,363        16,399,825  

Wyndham Hotels & Resorts, Inc.(a)

     168,974        8,742,715  

Wynn Resorts Ltd.(a)

     254,822        27,704,248  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     167,347,762  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

September 30, 2019

 

 

 

Investments    Shares      Value  
Household Durables – 2.6%

 

Leggett & Platt, Inc.(a)

     452,793      $ 18,537,346  

Newell Brands, Inc.(a)

     1,624,617        30,412,830  

PulteGroup, Inc.(a)

     321,097        11,736,096  

Toll Brothers, Inc.

     169,104        6,941,719  

Whirlpool Corp.(a)

     216,562        34,294,758  
     

 

 

 
Total Household Durables

 

     101,922,749  
Household Products – 0.0%

 

Spectrum Brands Holdings, Inc.

     7,659        403,763  
Independent Power & Renewable Electricity Producers – 0.9%

 

AES Corp.

     1,797,259        29,367,212  

NRG Energy, Inc.(a)

     107,623        4,261,871  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     33,629,083  
Industrial Conglomerates – 0.3%

 

Carlisle Cos., Inc.

     81,587        11,874,172  
Insurance – 2.5%

 

American Equity Investment Life Holding Co.(a)

     23,486        568,361  

American Financial Group, Inc.

     52,401        5,651,448  

American National Insurance Co.

     21,871        2,706,099  

Assurant, Inc.(a)

     52,618        6,620,397  

Brown & Brown, Inc.

     107,230        3,866,714  

CNO Financial Group, Inc.(a)

     148,700        2,353,921  

Erie Indemnity Co. Class A

     42,018        7,800,642  

Fidelity National Financial, Inc.

     352,209        15,641,602  

First American Financial Corp.

     136,320        8,044,243  

Globe Life, Inc.

     28,362        2,715,945  

Hanover Insurance Group, Inc. (The)

     26,286        3,562,804  

Kemper Corp.

     27,750        2,163,112  

Mercury General Corp.

     81,730        4,567,072  

National General Holdings Corp.

     14,230        327,575  

Old Republic International Corp.

     354,373        8,352,572  

Primerica, Inc.(a)

     14,224        1,809,719  

Reinsurance Group of America, Inc.(a)

     36,132        5,776,784  

RLI Corp.(a)

     14,979        1,391,699  

Selective Insurance Group, Inc.(a)

     23,073        1,734,859  

Unum Group(a)

     256,073        7,610,490  

W.R. Berkley Corp.(a)

     47,943        3,462,923  
     

 

 

 
Total Insurance

 

     96,728,981  
IT Services – 3.5%

 

Alliance Data Systems Corp.

     58,624        7,511,493  

Booz Allen Hamilton Holding Corp.(a)

     202,010        14,346,750  

Broadridge Financial Solutions, Inc.(a)

     195,450        24,319,844  

Jack Henry & Associates, Inc.(a)

     72,196        10,538,450  

Leidos Holdings, Inc.(a)

     278,931        23,954,594  

MAXIMUS, Inc.(a)

     74,485        5,754,711  

Perspecta, Inc.(a)

     129,846        3,391,578  

Sabre Corp.

     545,233        12,210,493  

Western Union Co. (The)(a)

     1,552,984        35,982,639  
     

 

 

 
Total IT Services

 

     138,010,552  
Leisure Products – 1.5%

 

Brunswick Corp.(a)

     130,047        6,778,050  

Hasbro, Inc.(a)

     314,636      37,344,147  

Polaris, Inc.(a)

     153,452        13,505,310  
     

 

 

 
Total Leisure Products

 

     57,627,507  
Life Sciences Tools & Services – 0.3%

 

Bio-Techne Corp.(a)

     29,502        5,772,656  

Bruker Corp.(a)

     69,163        3,038,331  

PerkinElmer, Inc.

     36,611        3,118,159  
     

 

 

 
Total Life Sciences Tools & Services

 

     11,929,146  
Machinery – 3.8%

 

AGCO Corp.(a)

     71,318        5,398,773  

Allison Transmission Holdings, Inc.(a)

     151,355        7,121,253  

Barnes Group, Inc.(a)

     51,517        2,655,186  

Crane Co.

     90,376        7,287,017  

Donaldson Co., Inc.(a)

     170,019        8,854,589  

Flowserve Corp.(a)

     197,050        9,204,205  

Graco, Inc.

     175,569        8,083,197  

IDEX Corp.(a)

     82,404        13,504,367  

ITT, Inc.

     79,221        4,847,533  

Kennametal, Inc.(a)

     159,617        4,906,626  

Lincoln Electric Holdings, Inc.

     125,612        10,898,097  

Nordson Corp.(a)

     56,730        8,297,330  

Oshkosh Corp.(a)

     99,937        7,575,225  

Snap-on, Inc.(a)

     119,068        18,638,905  

Timken Co. (The)(a)

     192,778        8,387,771  

Toro Co. (The)

     122,532        8,981,596  

Trinity Industries, Inc.

     306,246        6,026,921  

Wabtec Corp.(a)

     53,812        3,866,930  

Woodward, Inc.(a)

     38,584        4,160,513  
     

 

 

 
Total Machinery

 

     148,696,034  
Media – 1.3%

 

Cable One, Inc.(a)

     5,093        6,390,187  

Interpublic Group of Cos., Inc. (The)(a)

     1,200,746        25,888,084  

New York Times Co. (The) Class A

     89,733        2,555,596  

News Corp. Class A(a)

     539,987        7,516,619  

Nexstar Media Group, Inc. Class A(a)

     67,507        6,906,641  
     

 

 

 
Total Media

 

     49,257,127  
Metals & Mining – 1.0%

 

Reliance Steel & Aluminum Co.

     156,518        15,598,584  

Royal Gold, Inc.

     76,597        9,437,517  

Steel Dynamics, Inc.

     447,409        13,332,788  

United States Steel Corp.(a)

     149,377        1,725,304  
     

 

 

 
Total Metals & Mining

 

     40,094,193  
Multi-Utilities – 1.8%

 

Avista Corp.(a)

     181,106        8,772,775  

Black Hills Corp.(a)

     150,714        11,564,285  

MDU Resources Group, Inc.(a)

     501,867        14,147,631  

NiSource, Inc.

     881,524        26,375,198  

NorthWestern Corp.

     144,950        10,878,497  
     

 

 

 
Total Multi-Utilities

 

     71,738,386  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

September 30, 2019

 

 

 

Investments    Shares      Value  
Multiline Retail – 1.6%

 

Kohl’s Corp.(a)

     549,641      $ 27,295,172  

Macy’s, Inc.(a)

     1,271,749        19,762,979  

Nordstrom, Inc.(a)

     429,977        14,477,326  
     

 

 

 
Total Multiline Retail

 

     61,535,477  
Oil, Gas & Consumable Fuels – 4.6%

 

Cabot Oil & Gas Corp.(a)

     428,503        7,528,798  

Cimarex Energy Co.(a)

     84,771        4,063,922  

CVR Energy, Inc.(a)

     711,619        31,332,584  

Delek U.S. Holdings, Inc.(a)

     182,890        6,638,907  

Diamondback Energy, Inc.(a)

     45,078        4,052,963  

EQT Corp.(a)

     147,293        1,567,197  

HollyFrontier Corp.(a)

     352,015        18,882,085  

Murphy Oil Corp.(a)

     518,355        11,460,829  

Noble Energy, Inc.(a)

     801,843        18,009,394  

PBF Energy, Inc. Class A(a)

     374,000        10,169,060  

Peabody Energy Corp.

     156,171        2,298,837  

Range Resources Corp.(a)

     168,607        644,079  

Targa Resources Corp.(a)

     1,645,471        66,098,570  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     182,747,225  
Paper & Forest Products – 0.2%

 

Louisiana-Pacific Corp.(a)

     283,272        6,962,826  
Personal Products – 1.3%

 

Coty, Inc. Class A(a)

     4,276,171        44,942,557  

Nu Skin Enterprises, Inc. Class A(a)

     106,807        4,542,502  
     

 

 

 
Total Personal Products

 

     49,485,059  
Professional Services – 1.4%

 

Equifax, Inc.(a)

     161,735        22,751,262  

Insperity, Inc.(a)

     30,309        2,989,074  

ManpowerGroup, Inc.(a)

     152,055        12,809,113  

Robert Half International, Inc.(a)

     191,541        10,661,172  

TransUnion

     79,228        6,426,183  
     

 

 

 
Total Professional Services

 

     55,636,804  
Real Estate Management & Development – 0.0%

 

Jones Lang LaSalle, Inc.(a)

     8,406        1,168,938  
Road & Rail – 1.3%

 

JB Hunt Transport Services, Inc.(a)

     92,471        10,231,916  

Kansas City Southern(a)

     125,490        16,691,425  

Knight-Swift Transportation Holdings, Inc.(a)

     136,641        4,960,068  

Landstar System, Inc.(a)

     22,507        2,533,838  

Old Dominion Freight Line, Inc.(a)

     27,646        4,698,991  

Ryder System, Inc.(a)

     194,822        10,085,935  
     

 

 

 
Total Road & Rail

 

     49,202,173  
Semiconductors & Semiconductor Equipment – 1.6%

 

Cabot Microelectronics Corp.

     37,653        5,316,980  

Cypress Semiconductor Corp.

     1,042,212        24,325,228  

Entegris, Inc.(a)

     127,989        6,023,162  

MKS Instruments, Inc.(a)

     54,885        5,064,788  

Monolithic Power Systems, Inc.

     35,896        5,586,495  

Teradyne, Inc.(a)

     165,321        9,573,739  

Universal Display Corp.(a)

     11,070        1,858,653  

Versum Materials, Inc.

     100,208      5,304,009  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     63,053,054  
Software – 0.6%

 

Blackbaud, Inc.(a)

     32,246        2,913,104  

CDK Global, Inc.(a)

     132,971        6,394,575  

LogMeIn, Inc.(a)

     60,390        4,285,274  

Pegasystems, Inc.

     16,112        1,096,422  

SS&C Technologies Holdings, Inc.(a)

     142,131        7,329,696  
     

 

 

 
Total Software

 

     22,019,071  
Specialty Retail – 3.6%

 

Aaron’s, Inc.(a)

     16,478        1,058,876  

American Eagle Outfitters, Inc.

     435,761        7,068,043  

Foot Locker, Inc.

     262,135        11,313,747  

Gap, Inc. (The)

     1,161,545        20,164,421  

L Brands, Inc.(a)

     1,794,794        35,160,015  

Penske Automotive Group, Inc.(a)

     265,994        12,576,196  

Tiffany & Co.(a)

     270,485        25,055,026  

Tractor Supply Co.(a)

     143,551        12,982,752  

Williams-Sonoma, Inc.(a)

     218,499        14,853,562  
     

 

 

 
Total Specialty Retail

 

     140,232,638  
Technology Hardware, Storage & Peripherals – 0.6%

 

Xerox Holdings Corp.

     817,732        24,458,364  
Textiles, Apparel & Luxury Goods – 1.8%

 

Carter’s, Inc.(a)

     81,837        7,464,353  

Columbia Sportswear Co.

     68,639        6,650,433  

Hanesbrands, Inc.(a)

     1,332,550        20,414,666  

PVH Corp.(a)

     10,531        929,150  

Ralph Lauren Corp.(a)

     113,133        10,800,807  

Tapestry, Inc.(a)

     942,409        24,549,754  

Wolverine World Wide, Inc.

     68,645        1,939,908  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     72,749,071  
Thrifts & Mortgage Finance – 0.6%

 

New York Community Bancorp, Inc.(a)

     1,176,960        14,770,848  

Radian Group, Inc.

     6,376        145,628  

TFS Financial Corp.(a)

     559,987        10,090,966  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     25,007,442  
Trading Companies & Distributors – 1.0%

 

Air Lease Corp.(a)

     137,748        5,760,621  

GATX Corp.(a)

     75,914        5,885,613  

MSC Industrial Direct Co., Inc. Class A(a)

     118,466        8,592,339  

Watsco, Inc.(a)

     115,461        19,533,692  
     

 

 

 
Total Trading Companies & Distributors

 

     39,772,265  
Transportation Infrastructure – 0.7%

 

Macquarie Infrastructure Corp.(a)

     704,159        27,793,156  
Water Utilities – 0.4%

 

Aqua America, Inc.(a)

     360,854        16,177,085  
Wireless Telecommunication Services – 0.1%

 

Telephone & Data Systems, Inc.

     155,156        4,003,025  

TOTAL COMMON STOCKS

(Cost: $3,493,687,807)

 

 

     3,917,839,191  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. MidCap Dividend Fund (DON)

September 30, 2019

 

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUND – 0.3%

 

United States – 0.3%

 

WisdomTree U.S. LargeCap Dividend Fund(a)(b)

 

  
(Cost: $11,775,415)      128,914      $ 12,771,510  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 10.3%

 

United States – 10.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

 

  
(Cost: $406,883,081)(d)      406,883,081        406,883,081  

TOTAL INVESTMENTS IN SECURITIES – 110.1%

(Cost: $3,912,346,303)

 

 

     4,337,493,782  

Other Assets less Liabilities – (10.1)%

 

     (398,071,702
     

 

 

 
NET ASSETS – 100.0%

 

   $ 3,939,422,080  
(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $773,309,450 and the total market value of the collateral held by the Fund was $790,048,014. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $383,164,933.

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. MidCap Fund (EZM)

September 30, 2019

 

 

 

Investments    Shares      Value  
       
COMMON STOCKS – 99.8%

 

United States – 99.8%

 

Aerospace & Defense – 1.2%

 

Aerojet Rocketdyne Holdings, Inc.*(a)

     32,024      $ 1,617,532  

Axon Enterprise, Inc.*(a)

     6,906        392,123  

BWX Technologies, Inc.(a)

     53,166        3,041,627  

Curtiss-Wright Corp.

     24,540        3,174,740  

Hexcel Corp.

     42,692        3,506,294  

Mercury Systems, Inc.*

     5,745        466,321  

Moog, Inc. Class A

     15,866        1,287,050  
     

 

 

 
Total Aerospace & Defense

 

     13,485,687  
Airlines – 0.5%

 

Allegiant Travel Co.

     9,702        1,452,001  

JetBlue Airways Corp.*(a)

     65,251        1,092,954  

SkyWest, Inc.

     51,740        2,969,876  

Spirit Airlines, Inc.*(a)

     17,888        649,335  
     

 

 

 
Total Airlines

 

     6,164,166  
Auto Components – 1.5%

 

Dorman Products, Inc.*(a)

     13,499        1,073,710  

Fox Factory Holding Corp.*

     10,017        623,458  

Gentex Corp.

     190,705        5,251,062  

Goodyear Tire & Rubber Co. (The)

     351,792        5,067,564  

Visteon Corp.*(a)

     58,318        4,813,568  
     

 

 

 
Total Auto Components

 

     16,829,362  
Automobiles – 0.9%

 

Harley-Davidson, Inc.(a)

     155,695        5,600,349  

Thor Industries, Inc.(a)

     78,913        4,469,632  
     

 

 

 
Total Automobiles

 

     10,069,981  
Banks – 9.3%

 

Associated Banc-Corp.

     88,514        1,792,408  

Atlantic Union Bankshares Corp.(a)

     25,998        968,295  

BancorpSouth Bank

     46,865        1,387,673  

Bank of Hawaii Corp.(a)

     18,405        1,581,542  

Bank OZK

     111,630        3,044,150  

BankUnited, Inc.

     69,013        2,320,217  

BOK Financial Corp.

     33,145        2,623,427  

Cathay General Bancorp

     44,982        1,562,450  

CenterState Bank Corp.

     36,273        870,008  

CIT Group, Inc.

     72,210        3,271,835  

Columbia Banking System, Inc.

     26,118        963,754  

Commerce Bancshares, Inc.(a)

     42,312        2,566,223  

Community Bank System, Inc.(a)

     16,702        1,030,346  

Cullen/Frost Bankers, Inc.(a)

     28,295        2,505,522  

CVB Financial Corp.

     40,859        852,727  

East West Bancorp, Inc.

     90,634        4,014,180  

First Citizens BancShares, Inc. Class A

     6,349        2,993,871  

First Financial Bancorp

     32,926        805,864  

First Financial Bankshares, Inc.(a)

     29,559        985,201  

First Hawaiian, Inc.

     69,341        1,851,405  

First Horizon National Corp.

     223,354        3,618,335  

First Interstate BancSystem, Inc. Class A

     25,504        1,026,281  

First Midwest Bancorp, Inc.

     42,493        827,764  

FNB Corp.

     204,650      2,359,614  

Fulton Financial Corp.

     79,058        1,279,158  

Glacier Bancorp, Inc.

     24,611        995,761  

Great Western Bancorp, Inc.

     32,038        1,057,254  

Hancock Whitney Corp.

     49,629        1,900,543  

Home BancShares, Inc.

     106,153        1,995,146  

Iberiabank Corp.

     25,936        1,959,205  

Independent Bank Corp.

     9,866        736,497  

International Bancshares Corp.

     35,461        1,369,504  

Investors Bancorp, Inc.

     118,514        1,346,319  

Old National Bancorp(a)

     62,799        1,080,457  

PacWest Bancorp

     80,045        2,908,835  

People’s United Financial, Inc.

     170,179        2,660,749  

Pinnacle Financial Partners, Inc.

     41,936        2,379,868  

Popular, Inc.

     57,005        3,082,830  

Prosperity Bancshares, Inc.(a)

     30,456        2,151,107  

Renasant Corp.

     26,351        922,549  

Signature Bank

     25,835        3,080,049  

Simmons First National Corp. Class A(a)

     46,773        1,164,648  

South State Corp.(a)

     15,683        1,180,930  

Sterling Bancorp

     119,476        2,396,689  

Synovus Financial Corp.

     73,053        2,612,375  

TCF Financial Corp.

     83,091        3,163,274  

Texas Capital Bancshares, Inc.*

     33,545        1,833,234  

Trustmark Corp.

     31,327        1,068,564  

UMB Financial Corp.

     22,107        1,427,670  

Umpqua Holdings Corp.

     104,094        1,713,387  

United Bankshares, Inc.

     48,379        1,832,113  

Valley National Bancorp

     146,701        1,594,640  

Webster Financial Corp.

     38,802        1,818,650  

WesBanco, Inc.

     20,326        759,583  

Western Alliance Bancorp

     64,809        2,986,399  

Wintrust Financial Corp.

     29,121        1,882,090  
     

 

 

 
Total Banks

 

     104,163,169  
Beverages – 0.2%

 

Boston Beer Co., Inc. (The) Class A*(a)

     2,597        945,516  

National Beverage Corp.(a)

     17,949        796,217  
     

 

 

 
Total Beverages

 

     1,741,733  
Biotechnology – 0.9%

 

Emergent BioSolutions, Inc.*(a)

     14,958        782,004  

Exelixis, Inc.*

     159,705        2,824,383  

Genomic Health, Inc.*

     2,304        156,257  

Halozyme Therapeutics, Inc.*(a)

     27,869        432,248  

Ligand Pharmaceuticals, Inc.*(a)

     13,978        1,391,370  

Myriad Genetics, Inc.*(a)

     5,571        159,498  

Repligen Corp.*

     2,317        177,691  

United Therapeutics Corp.*

     51,944        4,142,534  
     

 

 

 
Total Biotechnology

 

     10,065,985  
Building Products – 1.5%

 

Armstrong World Industries, Inc.

     22,837        2,208,338  

Fortune Brands Home & Security, Inc.

     98,178        5,370,337  

Owens Corning

     96,054        6,070,613  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Fund (EZM)

September 30, 2019

 

 

 

Investments    Shares      Value  
       

Simpson Manufacturing Co., Inc.

     22,571      $ 1,565,750  

Trex Co., Inc.*

     19,549        1,777,590  
     

 

 

 
Total Building Products

 

     16,992,628  
Capital Markets – 2.2%

 

Affiliated Managers Group, Inc.

     33,221        2,768,970  

BGC Partners, Inc. Class A

     233,577        1,284,674  

Eaton Vance Corp.

     72,032        3,236,398  

Evercore, Inc. Class A

     28,422        2,276,602  

Federated Investors, Inc. Class B

     52,005        1,685,482  

Houlihan Lokey, Inc.

     25,482        1,149,238  

Legg Mason, Inc.

     50,896        1,943,718  

LPL Financial Holdings, Inc.

     39,080        3,200,652  

Moelis & Co. Class A

     43,895        1,441,951  

Morningstar, Inc.

     9,132        1,334,551  

Stifel Financial Corp.

     46,790        2,684,810  

Virtu Financial, Inc. Class A(a)

     74,622        1,220,816  
     

 

 

 
Total Capital Markets

 

     24,227,862  
Chemicals – 3.2%

 

Ashland Global Holdings, Inc.

     11,215        864,116  

Balchem Corp.

     14,093        1,397,885  

Cabot Corp.

     28,890        1,309,295  

Chemours Co. (The)(a)

     353,685        5,284,054  

H.B. Fuller Co.

     19,787        921,283  

Huntsman Corp.

     436,654        10,156,572  

Ingevity Corp.*

     15,818        1,341,999  

NewMarket Corp.

     4,685        2,211,741  

Olin Corp.(a)

     120,066        2,247,635  

PolyOne Corp.

     51,702        1,688,070  

Quaker Chemical Corp.

     2,934        463,983  

Scotts Miracle-Gro Co. (The)

     22,195        2,259,895  

Sensient Technologies Corp.

     23,477        1,611,696  

Valvoline, Inc.

     115,878        2,552,792  

W.R. Grace & Co.

     17,492        1,167,766  
     

 

 

 
Total Chemicals

 

     35,478,782  
Commercial Services & Supplies – 1.4%

 

Advanced Disposal Services, Inc.*

     3,065        99,827  

Brady Corp. Class A

     25,791        1,368,213  

Clean Harbors, Inc.*

     6,744        520,637  

Covanta Holding Corp.

     40,306        696,891  

Deluxe Corp.

     53,734        2,641,564  

Healthcare Services Group, Inc.(a)

     16,580        402,728  

IAA, Inc.*

     63,008        2,629,324  

KAR Auction Services, Inc.(a)

     63,008        1,546,846  

MSA Safety, Inc.

     13,318        1,453,127  

Stericycle, Inc.*(a)

     19,738        1,005,256  

Tetra Tech, Inc.

     21,191        1,838,531  

UniFirst Corp.

     9,334        1,821,250  
     

 

 

 
Total Commercial Services & Supplies

 

     16,024,194  
Communications Equipment – 0.5%

 

Ciena Corp.*

     27,922        1,095,380  

CommScope Holding Co., Inc.*(a)

     105,510        1,240,798  

EchoStar Corp. Class A*

     18,890        748,422  

InterDigital, Inc.

     18,134      951,491  

Lumentum Holdings, Inc.*(a)

     34,167        1,829,984  
     

 

 

 
Total Communications Equipment

 

     5,866,075  
Construction & Engineering – 1.3%

 

AECOM*

     29,377        1,103,400  

EMCOR Group, Inc.

     39,519        3,403,376  

Fluor Corp.

     75,639        1,446,974  

Granite Construction, Inc.

     14,658        470,962  

MasTec, Inc.*(a)

     62,107        4,032,607  

Quanta Services, Inc.

     88,299        3,337,702  

Valmont Industries, Inc.

     9,899        1,370,418  
     

 

 

 
Total Construction & Engineering

 

     15,165,439  
Construction Materials – 0.3%

 

Eagle Materials, Inc.

     36,871        3,318,759  
Consumer Finance – 2.2%

 

Credit Acceptance Corp.*(a)

     8,106        3,739,379  

FirstCash, Inc.

     11,614        1,064,655  

Green Dot Corp. Class A*

     8,298        209,525  

Navient Corp.

     286,643        3,669,030  

Nelnet, Inc. Class A(a)

     32,883        2,091,359  

OneMain Holdings, Inc.

     96,598        3,543,215  

Santander Consumer USA Holdings, Inc.

     297,799        7,596,852  

SLM Corp.

     271,957        2,400,021  
     

 

 

 
Total Consumer Finance

 

     24,314,036  
Containers & Packaging – 2.2%

 

AptarGroup, Inc.

     19,720        2,335,834  

Berry Global Group, Inc.*

     75,686        2,972,189  

Crown Holdings, Inc.*

     94,498        6,242,538  

Graphic Packaging Holding Co.

     159,756        2,356,401  

Greif, Inc. Class A

     36,442        1,380,788  

Owens-Illinois, Inc.

     69,373        712,461  

Sealed Air Corp.

     81,767        3,394,148  

Silgan Holdings, Inc.

     80,599        2,420,791  

Sonoco Products Co.

     46,892        2,729,583  
     

 

 

 
Total Containers & Packaging

 

     24,544,733  
Distributors – 0.3%

 

Pool Corp.

     14,407        2,905,892  
Diversified Consumer Services – 1.9%

 

Adtalem Global Education, Inc.*

     25,493        971,029  

Bright Horizons Family Solutions, Inc.*

     11,374        1,734,535  

Graham Holdings Co. Class B

     3,792        2,515,803  

Grand Canyon Education, Inc.*

     18,025        1,770,055  

H&R Block, Inc.

     255,929        6,045,043  

Laureate Education, Inc. Class A*

     192,157        3,185,002  

ServiceMaster Global Holdings, Inc.*

     57,347        3,205,697  

WW International, Inc.*

     37,348        1,412,501  
     

 

 

 
Total Diversified Consumer Services

 

     20,839,665  
Diversified Financial Services – 0.6%

 

Jefferies Financial Group, Inc.

     170,706        3,140,990  

Voya Financial, Inc.

     63,768        3,471,530  
     

 

 

 
Total Diversified Financial Services

 

     6,612,520  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Fund (EZM)

September 30, 2019

 

 

 

Investments    Shares      Value  
       
Diversified Telecommunication Services – 0.2%

 

Cogent Communications Holdings, Inc.

     5,470      $ 301,397  

Vonage Holdings Corp.*(a)

     60,494        683,582  

Zayo Group Holdings, Inc.*

     34,564        1,171,720  
     

 

 

 
Total Diversified Telecommunication Services

 

     2,156,699  
Electric Utilities – 1.4%

 

ALLETE, Inc.

     15,974        1,396,287  

El Paso Electric Co.

     17,650        1,183,962  

Hawaiian Electric Industries, Inc.(a)

     45,248        2,063,761  

IDACORP, Inc.

     21,920        2,469,727  

MGE Energy, Inc.

     11,116        887,835  

OGE Energy Corp.

     94,587        4,292,358  

PNM Resources, Inc.

     24,749        1,288,928  

Portland General Electric Co.

     40,459        2,280,674  
     

 

 

 
Total Electric Utilities

 

     15,863,532  
Electrical Equipment – 1.8%

 

Acuity Brands, Inc.

     24,255        3,269,331  

EnerSys

     24,836        1,637,686  

Generac Holdings, Inc.*

     34,810        2,727,015  

GrafTech International Ltd.(a)

     527,501        6,752,013  

Hubbell, Inc.

     30,660        4,028,724  

Regal Beloit Corp.

     28,403        2,069,159  
     

 

 

 
Total Electrical Equipment

 

     20,483,928  
Electronic Equipment, Instruments & Components – 4.0%

 

Arrow Electronics, Inc.*

     86,736        6,468,771  

Avnet, Inc.

     70,712        3,145,623  

AVX Corp.

     114,668        1,742,954  

Belden, Inc.

     21,078        1,124,301  

Cognex Corp.

     52,822        2,595,145  

Coherent, Inc.*(a)

     22,800        3,504,816  

Dolby Laboratories, Inc. Class A

     33,843        2,187,611  

FLIR Systems, Inc.

     48,372        2,543,883  

II-VI, Inc.*(a)

     28,897        1,017,463  

IPG Photonics Corp.*(a)

     33,184        4,499,750  

Jabil, Inc.

     96,074        3,436,567  

Littelfuse, Inc.

     9,475        1,680,012  

National Instruments Corp.

     28,404        1,192,684  

Rogers Corp.*

     7,166        979,664  

SYNNEX Corp.

     34,344        3,877,438  

Tech Data Corp.*

     25,869        2,696,585  

Vishay Intertechnology, Inc.

     140,405        2,377,057  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     45,070,324  
Energy Equipment & Services – 0.2%

 

Apergy Corp.*(a)

     24,549        664,051  

Cactus, Inc. Class A*

     18,882        546,445  

Helmerich & Payne, Inc.

     244        9,777  

RPC, Inc.(a)

     151,679        850,919  
     

 

 

 
Total Energy Equipment & Services

 

     2,071,192  
Entertainment – 0.3%

 

Cinemark Holdings, Inc.(a)

     55,436        2,142,047  

Madison Square Garden Co. (The) Class A*

     267        70,360  

World Wrestling Entertainment, Inc. Class A(a)

     9,772        695,278  

Zynga, Inc. Class A*

     57,846      336,663  
     

 

 

 
Total Entertainment

 

     3,244,348  
Equity Real Estate Investment Trusts (REITs) – 6.0%

 

Acadia Realty Trust

     10,054        287,343  

American Campus Communities, Inc.

     15,164        729,085  

Americold Realty Trust

     12,332        457,147  

Apartment Investment & Management Co. Class A

     3,591        187,235  

Apple Hospitality REIT, Inc.

     67,092        1,112,385  

Brandywine Realty Trust

     39,335        595,925  

Brixmor Property Group, Inc.

     134,410        2,727,179  

Columbia Property Trust, Inc.

     1,045        22,102  

CoreCivic, Inc.

     48,732        842,089  

CoreSite Realty Corp.

     4,622        563,191  

Corporate Office Properties Trust

     17,637        525,230  

Cousins Properties, Inc.

     16,069        604,034  

CubeSmart

     30,883        1,077,817  

CyrusOne, Inc.

     11,414        902,847  

DiamondRock Hospitality Co.

     38,553        395,168  

Douglas Emmett, Inc.

     20,653        884,568  

EastGroup Properties, Inc.

     5,349        668,732  

Empire State Realty Trust, Inc. Class A

     23,986        342,280  

EPR Properties

     21,815        1,676,701  

Equity Commonwealth

     44,652        1,529,331  

First Industrial Realty Trust, Inc.

     40,802        1,614,127  

Gaming and Leisure Properties, Inc.

     68,519        2,620,167  

GEO Group, Inc. (The)

     43,627        756,492  

Healthcare Realty Trust, Inc.

     2,965        99,328  

Healthcare Trust of America, Inc. Class A

     53,920        1,584,170  

Highwoods Properties, Inc.

     25,984        1,167,721  

Hudson Pacific Properties, Inc.

     23,389        782,596  

JBG SMITH Properties

     2,544        99,750  

Kilroy Realty Corp.

     11,498        895,579  

Kimco Realty Corp.

     157,888        3,296,701  

Lamar Advertising Co. Class A

     26,026        2,132,310  

Liberty Property Trust

     28,779        1,477,226  

Life Storage, Inc.

     8,188        863,097  

Macerich Co. (The)(a)

     12,345        389,979  

Medical Properties Trust, Inc.

     128,629        2,515,983  

National Health Investors, Inc.

     12,199        1,005,076  

National Retail Properties, Inc.

     35,915        2,025,606  

Omega Healthcare Investors, Inc.

     47,154        1,970,566  

Outfront Media, Inc.

     25,700        713,946  

Park Hotels & Resorts, Inc.

     88,118        2,200,306  

Pebblebrook Hotel Trust

     17,277        480,646  

Physicians Realty Trust

     18,599        330,132  

Piedmont Office Realty Trust, Inc. Class A

     18,257        381,206  

PotlatchDeltic Corp.(a)

     25,000        1,027,125  

PS Business Parks, Inc.

     7,230        1,315,498  

Rayonier, Inc.

     34,405        970,221  

Retail Properties of America, Inc. Class A

     83,648        1,030,543  

Rexford Industrial Realty, Inc.

     7,034        309,637  

RLJ Lodging Trust

     57,818        982,328  

Ryman Hospitality Properties, Inc.

     10,602        867,350  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Fund (EZM)

September 30, 2019

 

 

 

Investments    Shares      Value  
       

Sabra Health Care REIT, Inc.(a)

     128,633      $ 2,953,414  

Senior Housing Properties Trust

     222,159        2,056,082  

Service Properties Trust

     75,965        1,959,137  

Spirit Realty Capital, Inc.

     18,387        880,002  

STAG Industrial, Inc.

     10,566        311,486  

STORE Capital Corp.

     40,268        1,506,426  

Sunstone Hotel Investors, Inc.

     78,427        1,077,587  

Tanger Factory Outlet Centers, Inc.(a)

     14,190        219,661  

Taubman Centers, Inc.

     8,882        362,652  

Terreno Realty Corp.

     8,572        437,943  

Urban Edge Properties

     26,975        533,835  

Weingarten Realty Investors

     95,501        2,781,944  

Xenia Hotels & Resorts, Inc.

     31,389        662,936  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     67,778,906  
Food & Staples Retailing – 0.9%

 

BJ’s Wholesale Club Holdings, Inc.*(a)

     38,178        987,665  

Casey’s General Stores, Inc.(a)

     10,757        1,733,598  

Performance Food Group Co.*

     36,711        1,689,073  

Sprouts Farmers Market, Inc.*

     62,625        1,211,167  

U.S. Foods Holding Corp.*

     113,397        4,660,617  
     

 

 

 
Total Food & Staples Retailing

 

     10,282,120  
Food Products – 2.0%

 

Cal-Maine Foods, Inc.(a)

     33,005        1,318,715  

Darling Ingredients, Inc.*

     32,810        627,655  

Flowers Foods, Inc.

     86,083        1,991,100  

Hain Celestial Group, Inc. (The)*(a)

     15,926        342,011  

Ingredion, Inc.

     44,454        3,633,670  

J&J Snack Foods Corp.

     5,131        985,152  

Lancaster Colony Corp.

     6,683        926,598  

Pilgrim’s Pride Corp.*

     188,017        6,025,005  

Post Holdings, Inc.*

     18,184        1,924,594  

Sanderson Farms, Inc.

     12,727        1,925,977  

Seaboard Corp.

     386        1,688,750  

Tootsie Roll Industries, Inc.

     15,858        588,966  
     

 

 

 
Total Food Products

 

     21,978,193  
Gas Utilities – 0.8%

 

National Fuel Gas Co.

     47,152        2,212,372  

New Jersey Resources Corp.

     31,750        1,435,735  

ONE Gas, Inc.

     18,358        1,764,387  

Southwest Gas Holdings, Inc.

     22,396        2,038,932  

Spire, Inc.

     18,369        1,602,512  
     

 

 

 
Total Gas Utilities

 

     9,053,938  
Health Care Equipment & Supplies – 0.9%

 

Cantel Medical Corp.(a)

     9,513        711,573  

Globus Medical, Inc. Class A*

     31,741        1,622,600  

Haemonetics Corp.*

     2,261        285,203  

Hill-Rom Holdings, Inc.

     21,723        2,285,911  

ICU Medical, Inc.*

     4,192        669,043  

Inogen, Inc.*(a)

     3,389        162,367  

Integer Holdings Corp.*

     5,063        382,560  

Integra LifeSciences Holdings Corp.*

     8,292        498,101  

Masimo Corp.*

     15,949        2,373,052  

Merit Medical Systems, Inc.*(a)

     6,709      204,356  

Neogen Corp.*(a)

     8,821        600,798  

NuVasive, Inc.*

     1,680        106,478  

Quidel Corp.*

     6,803        417,364  
     

 

 

 
Total Health Care Equipment & Supplies

 

     10,319,406  
Health Care Providers & Services – 1.5%

 

Acadia Healthcare Co., Inc.*(a)

     61,351        1,906,789  

Amedisys, Inc.*

     8,028        1,051,748  

AMN Healthcare Services, Inc.*

     22,692        1,306,152  

BioTelemetry, Inc.*(a)

     3,333        135,753  

Chemed Corp.

     6,286        2,624,845  

Encompass Health Corp.

     43,937        2,780,333  

Ensign Group, Inc. (The)

     17,237        817,551  

HealthEquity, Inc.*

     8,975        512,877  

LHC Group, Inc.*(a)

     4,467        507,273  

MEDNAX, Inc.*

     68,794        1,556,120  

Patterson Cos., Inc.

     47,041        838,271  

Select Medical Holdings Corp.*

     79,711        1,320,811  

Tenet Healthcare Corp.*(a)

     69,477        1,536,831  
     

 

 

 
Total Health Care Providers & Services

 

     16,895,354  
Health Care Technology – 0.1%

 

HMS Holdings Corp.*

     9,628        331,829  

Medidata Solutions, Inc.*

     6,752        617,808  

Omnicell, Inc.*

     4,175        301,727  
     

 

 

 
Total Health Care Technology

 

     1,251,364  
Hotels, Restaurants & Leisure – 3.5%

 

Boyd Gaming Corp.

     43,267        1,036,245  

Caesars Entertainment Corp.*(a)

     93,076        1,085,266  

Cheesecake Factory, Inc. (The)(a)

     21,149        881,490  

Choice Hotels International, Inc.

     27,582        2,453,695  

Churchill Downs, Inc.

     16,169        1,996,144  

Cracker Barrel Old Country Store, Inc.(a)

     11,952        1,943,993  

Dave & Buster’s Entertainment, Inc.

     23,223        904,536  

Dunkin’ Brands Group, Inc.

     30,196        2,396,355  

Eldorado Resorts, Inc.*(a)

     18,193        725,355  

Extended Stay America, Inc.

     117,073        1,713,949  

Hilton Grand Vacations, Inc.*

     73,807        2,361,824  

Hyatt Hotels Corp. Class A(a)

     25,567        1,883,521  

Jack in the Box, Inc.

     15,573        1,419,012  

Marriott Vacations Worldwide Corp.

     4,514        467,695  

Penn National Gaming, Inc.*(a)

     35,366        658,692  

Planet Fitness, Inc. Class A*

     66,930        3,873,239  

Red Rock Resorts, Inc. Class A

     73,040        1,483,077  

SeaWorld Entertainment, Inc.*(a)

     11,137        293,126  

Six Flags Entertainment Corp.

     32,660        1,658,801  

Texas Roadhouse, Inc.(a)

     22,565        1,185,114  

Wendy’s Co. (The)

     253,484        5,064,610  

Wyndham Destinations, Inc.

     49,076        2,258,477  

Wyndham Hotels & Resorts, Inc.

     25,453        1,316,938  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     39,061,154  
Household Durables – 2.3%

 

iRobot Corp.*(a)

     8,352        515,068  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Fund (EZM)

September 30, 2019

 

 

 

Investments    Shares      Value  
       

Leggett & Platt, Inc.

     84,694      $ 3,467,373  

PulteGroup, Inc.

     353,317        12,913,736  

Tempur Sealy International, Inc.*

     24,230        1,870,556  

Toll Brothers, Inc.

     168,506        6,917,171  
     

 

 

 
Total Household Durables

 

     25,683,904  
Household Products – 0.3%

 

Energizer Holdings, Inc.(a)

     22,966        1,000,858  

Spectrum Brands Holdings, Inc.

     33,612        1,772,006  

WD-40 Co.(a)

     2,970        545,114  
     

 

 

 
Total Household Products

 

     3,317,978  
Independent Power & Renewable Electricity Producers – 0.2%

 

Clearway Energy, Inc. Class C

     56,848        1,037,476  

Ormat Technologies, Inc.

     23,601        1,753,318  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     2,790,794  
Industrial Conglomerates – 0.4%

 

Carlisle Cos., Inc.

     31,106        4,527,167  
Insurance – 3.2%

 

American Equity Investment Life Holding Co.

     100,687        2,436,625  

American National Insurance Co.

     21,002        2,598,577  

Assurant, Inc.

     24,199        3,044,718  

Erie Indemnity Co. Class A

     12,579        2,335,291  

First American Financial Corp.

     67,560        3,986,716  

Genworth Financial, Inc. Class A*

     493,139        2,169,812  

Hanover Insurance Group, Inc. (The)

     18,427        2,497,596  

Kemper Corp.

     19,510        1,520,805  

Mercury General Corp.

     9,980        557,682  

National General Holdings Corp.

     43,286        996,444  

Old Republic International Corp.

     206,098        4,857,730  

Primerica, Inc.

     18,812        2,393,451  

ProAssurance Corp.

     15,323        617,057  

RLI Corp.(a)

     9,484        881,158  

Selective Insurance Group, Inc.

     18,044        1,356,728  

Unum Group

     105,536        3,136,530  
     

 

 

 
Total Insurance

 

     35,386,920  
Interactive Media & Services – 0.2%

 

Cargurus, Inc.*(a)

     13,120        406,064  

Yelp, Inc.*(a)

     43,245        1,502,764  
     

 

 

 
Total Interactive Media & Services

 

     1,908,828  
Internet & Direct Marketing Retail – 0.2%

 

Etsy, Inc.*(a)

     8,454        477,651  

GrubHub, Inc.*(a)

     11,853        666,257  

Stamps.com, Inc.*(a)

     10,063        749,190  

Stitch Fix, Inc. Class A*(a)

     22,170        426,773  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     2,319,871  
IT Services – 3.0%

 

Black Knight, Inc.*

     33,466        2,043,434  

Booz Allen Hamilton Holding Corp.

     63,594        4,516,446  

CACI International, Inc. Class A*

     14,302        3,307,481  

CoreLogic, Inc.*

     37,130        1,718,005  

EPAM Systems, Inc.*

     14,887        2,714,198  

Euronet Worldwide, Inc.*

     18,508        2,707,720  

KBR, Inc.

     153,608      3,769,540  

ManTech International Corp. Class A

     13,129        937,542  

MAXIMUS, Inc.

     29,818        2,303,739  

Perspecta, Inc.

     85,927        2,244,413  

Sabre Corp.

     147,169        3,295,850  

Science Applications International Corp.

     23,273        2,032,897  

WEX, Inc.*

     10,249        2,071,015  
     

 

 

 
Total IT Services

 

     33,662,280  
Leisure Products – 0.5%

 

Brunswick Corp.

     41,397        2,157,612  

Polaris, Inc.

     38,630        3,399,826  
     

 

 

 
Total Leisure Products

 

     5,557,438  
Life Sciences Tools & Services – 0.6%

 

Bio-Techne Corp.

     5,739        1,122,950  

Bruker Corp.

     50,134        2,202,387  

Charles River Laboratories International, Inc.*

     15,529        2,055,574  

Medpace Holdings, Inc.*

     10,955        920,658  

PRA Health Sciences, Inc.*

     4,426        439,192  

Syneos Health, Inc.*

     841        44,749  
     

 

 

 
Total Life Sciences Tools & Services

 

     6,785,510  
Machinery – 6.2%

 

AGCO Corp.

     45,564        3,449,195  

Albany International Corp. Class A

     10,211        920,624  

Allison Transmission Holdings, Inc.

     116,572        5,484,713  

Barnes Group, Inc.

     28,148        1,450,748  

Crane Co.

     36,245        2,922,434  

Donaldson Co., Inc.

     51,487        2,681,443  

Flowserve Corp.

     24,089        1,125,197  

Gardner Denver Holdings, Inc.*(a)

     91,331        2,583,754  

Graco, Inc.

     71,862        3,308,526  

Harsco Corp.*

     40,349        765,017  

Hillenbrand, Inc.

     20,757        640,976  

ITT, Inc.

     46,644        2,854,146  

John Bean Technologies Corp.

     12,340        1,226,966  

Kennametal, Inc.

     58,388        1,794,847  

Lincoln Electric Holdings, Inc.

     29,412        2,551,785  

Middleby Corp. (The)*(a)

     24,853        2,905,316  

Navistar International Corp.*(a)

     101,714        2,859,181  

Nordson Corp.

     26,916        3,936,734  

Oshkosh Corp.

     63,115        4,784,117  

Proto Labs, Inc.*

     5,547        566,349  

RBC Bearings, Inc.*

     7,008        1,162,697  

Rexnord Corp.*(a)

     6,567        177,637  

Terex Corp.

     51,545        1,338,624  

Timken Co. (The)

     73,963        3,218,130  

Toro Co. (The)

     47,262        3,464,305  

Trinity Industries, Inc.

     73,418        1,444,866  

WABCO Holdings, Inc.*

     45,713        6,114,114  

Watts Water Technologies, Inc. Class A

     15,306        1,434,631  

Woodward, Inc.

     22,913        2,470,709  
     

 

 

 
Total Machinery

 

     69,637,781  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Fund (EZM)

September 30, 2019

 

 

 

Investments    Shares      Value  
       
Marine – 0.1%

 

Kirby Corp.*

     8,192      $ 673,055  
Media – 1.7%

 

AMC Networks, Inc. Class A*(a)

     73,380        3,607,361  

Cable One, Inc.

     1,631        2,046,416  

DISH Network Corp. Class A*

     4,444        151,407  

John Wiley & Sons, Inc. Class A

     34,167        1,501,298  

New York Times Co. (The) Class A

     30,259        861,776  

Nexstar Media Group, Inc. Class A(a)

     31,497        3,222,458  

Sinclair Broadcast Group, Inc. Class A

     99,052        4,233,482  

TEGNA, Inc.

     228,490        3,548,450  
     

 

 

 
Total Media

 

     19,172,648  
Metals & Mining – 1.8%

 

Allegheny Technologies, Inc.*(a)

     70,490        1,427,422  

Cleveland-Cliffs, Inc.

     568,806        4,106,779  

Commercial Metals Co.

     71,943        1,250,369  

Reliance Steel & Aluminum Co.

     80,065        7,979,278  

United States Steel Corp.(a)

     353,461        4,082,475  

Worthington Industries, Inc.

     41,896        1,510,351  
     

 

 

 
Total Metals & Mining

 

     20,356,674  
Multi-Utilities – 0.7%

 

Avista Corp.(a)

     26,295        1,273,730  

Black Hills Corp.

     26,173        2,008,254  

MDU Resources Group, Inc.

     93,783        2,643,743  

NorthWestern Corp.

     25,662        1,925,933  
     

 

 

 
Total Multi-Utilities

 

     7,851,660  
Multiline Retail – 0.1%

 

Ollie’s Bargain Outlet Holdings, Inc.*(a)

     16,086        943,283  
Oil, Gas & Consumable Fuels – 2.6%

 

Centennial Resource Development, Inc. Class A*

     138,785        626,614  

Chesapeake Energy Corp.*(a)

     2,119,923        2,989,092  

Cimarex Energy Co.(a)

     76,992        3,690,997  

CNX Resources Corp.*(a)

     26,443        191,976  

CVR Energy, Inc.(a)

     53,047        2,335,659  

Delek U.S. Holdings, Inc.(a)

     69,164        2,510,653  

Magnolia Oil & Gas Corp. Class A*(a)

     41,355        459,041  

Matador Resources Co.*(a)

     87,978        1,454,276  

Murphy Oil Corp.(a)

     48,797        1,078,902  

Parsley Energy, Inc. Class A

     203,615        3,420,732  

PBF Energy, Inc. Class A

     210,683        5,728,471  

Peabody Energy Corp.

     141,024        2,075,873  

SM Energy Co.

     59,170        573,357  

Southwestern Energy Co.*(a)

     1,152,780        2,224,865  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     29,360,508  
Paper & Forest Products – 0.7%

 

Domtar Corp.

     56,327        2,017,070  

Louisiana-Pacific Corp.

     215,689        5,301,636  
     

 

 

 
Total Paper & Forest Products

 

     7,318,706  
Personal Products – 0.3%

 

Edgewell Personal Care Co.*

     33,192        1,078,408  

Nu Skin Enterprises, Inc. Class A

     29,614        1,259,483  

USANA Health Sciences, Inc.*

     8,894      608,261  
     

 

 

 
Total Personal Products

 

     2,946,152  
Pharmaceuticals – 0.5%

 

Catalent, Inc.*

     28,598        1,362,981  

Nektar Therapeutics*(a)

     211,080        3,844,822  

Supernus Pharmaceuticals, Inc.*

     27,547        756,991  
     

 

 

 
Total Pharmaceuticals

 

     5,964,794  
Professional Services – 1.7%

 

ASGN, Inc.*

     22,934        1,441,631  

Exponent, Inc.

     12,622        882,278  

FTI Consulting, Inc.*

     22,351        2,368,983  

Insperity, Inc.

     12,176        1,200,797  

Korn Ferry

     31,500        1,217,160  

ManpowerGroup, Inc.

     71,933        6,059,636  

Robert Half International, Inc.

     65,645        3,653,801  

TriNet Group, Inc.*

     41,291        2,567,887  
     

 

 

 
Total Professional Services

 

     19,392,173  
Real Estate Management & Development – 0.5%

 

Howard Hughes Corp. (The)*(a)

     4,035        522,936  

Jones Lang LaSalle, Inc.

     23,187        3,224,384  

Kennedy-Wilson Holdings, Inc.

     53,816        1,179,647  

Newmark Group, Inc. Class A

     71,816        650,653  

Realogy Holdings Corp.(a)

     81,078        541,601  
     

 

 

 
Total Real Estate Management & Development

 

     6,119,221  
Road & Rail – 2.1%

 

AMERCO

     12,646        4,932,446  

Avis Budget Group, Inc.*

     69,571        1,966,076  

Genesee & Wyoming, Inc. Class A*

     29,626        3,273,969  

Knight-Swift Transportation Holdings, Inc.(a)

     120,089        4,359,231  

Landstar System, Inc.

     22,817        2,568,738  

Ryder System, Inc.

     49,507        2,562,977  

Schneider National, Inc. Class B

     115,462        2,507,835  

Werner Enterprises, Inc.

     45,695        1,613,034  
     

 

 

 
Total Road & Rail

 

     23,784,306  
Semiconductors & Semiconductor Equipment – 2.6%

 

Brooks Automation, Inc.

     20,443        757,004  

Cabot Microelectronics Corp.

     12,428        1,754,958  

Cirrus Logic, Inc.*

     37,672        2,018,466  

Cypress Semiconductor Corp.

     39,363        918,732  

Entegris, Inc.

     69,837        3,286,529  

First Solar, Inc.*(a)

     14,160        821,422  

MKS Instruments, Inc.

     58,848        5,430,493  

Monolithic Power Systems, Inc.

     8,040        1,251,265  

Semtech Corp.*

     5,671        275,667  

Silicon Laboratories, Inc.*(a)

     9,327        1,038,562  

Teradyne, Inc.

     109,615        6,347,805  

Universal Display Corp.

     7,934        1,332,119  

Versum Materials, Inc.

     79,437        4,204,600  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     29,437,622  
Software – 1.8%

 

ACI Worldwide, Inc.*(a)

     15,629        489,578  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. MidCap Fund (EZM)

September 30, 2019

 

 

 

Investments    Shares      Value  
       

Alarm.com Holdings, Inc.*(a)

     4,052      $ 188,985  

Altair Engineering, Inc. Class A*(a)

     1,256        43,483  

Aspen Technology, Inc.*

     17,314        2,131,007  

Blackbaud, Inc.

     6,574        593,895  

Bottomline Technologies DE, Inc.*

     841        33,093  

CDK Global, Inc.

     71,852        3,455,363  

Envestnet, Inc.*(a)

     3,868        219,316  

Fair Isaac Corp.*

     8,009        2,430,892  

Guidewire Software, Inc.*(a)

     1,077        113,494  

j2 Global, Inc.(a)

     23,077        2,095,853  

LogMeIn, Inc.

     3,594        255,030  

Manhattan Associates, Inc.*

     21,246        1,713,915  

Paycom Software, Inc.*

     8,291        1,736,882  

Paylocity Holding Corp.*

     5,658        552,108  

Pegasystems, Inc.

     2,113        143,790  

Qualys, Inc.*(a)

     6,358        480,474  

RealPage, Inc.*(a)

     6,613        415,693  

Teradata Corp.*

     14,496        449,376  

Trade Desk, Inc. (The) Class A*(a)

     4,415        828,033  

Tyler Technologies, Inc.*

     7,647        2,007,337  

Verint Systems, Inc.*

     8,195        350,582  
     

 

 

 
Total Software

 

     20,728,179  
Specialty Retail – 3.5%

 

Aaron’s, Inc.

     21,354        1,372,208  

American Eagle Outfitters, Inc.

     122,318        1,983,998  

AutoNation, Inc.*

     112,200        5,688,540  

Designer Brands, Inc. Class A(a)

     5,101        87,329  

Dick’s Sporting Goods, Inc.(a)

     89,396        3,648,251  

Five Below, Inc.*

     11,310        1,426,191  

Floor & Decor Holdings, Inc. Class A*(a)

     43,928        2,246,917  

Foot Locker, Inc.

     98,065        4,232,485  

Michaels Cos., Inc. (The)*(a)

     223,435        2,187,429  

Monro, Inc.

     9,367        740,087  

Murphy USA, Inc.*

     15,883        1,354,820  

National Vision Holdings, Inc.*

     9,565        230,230  

Penske Automotive Group, Inc.

     105,576        4,991,633  

RH*(a)

     9,805        1,674,988  

Sally Beauty Holdings, Inc.*(a)

     115,887        1,725,557  

Urban Outfitters, Inc.*(a)

     76,027        2,135,598  

Williams-Sonoma, Inc.(a)

     56,105        3,814,018  
     

 

 

 
Total Specialty Retail

 

     39,540,279  
Technology Hardware, Storage & Peripherals – 0.6%

 

NCR Corp.*

     35,144        1,109,145  

Xerox Holdings Corp.

     179,483        5,368,336  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     6,477,481  
Textiles, Apparel & Luxury Goods – 1.6%

 

Carter’s, Inc.(a)

     27,255        2,485,929  

Columbia Sportswear Co.

     26,318        2,549,951  

Deckers Outdoor Corp.*

     11,407        1,680,935  

Hanesbrands, Inc.(a)

     315,132        4,827,822  

Skechers U.S.A., Inc. Class A*

     109,878        4,103,943  

Steven Madden Ltd.

     43,749        1,565,777  

Wolverine World Wide, Inc.

     41,610      1,175,899  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     18,390,256  
Thrifts & Mortgage Finance – 1.5%

 

LendingTree, Inc.*(a)

     2,943        913,596  

MGIC Investment Corp.

     408,990        5,145,094  

New York Community Bancorp, Inc.(a)

     247,664        3,108,183  

Radian Group, Inc.

     220,670        5,040,103  

TFS Financial Corp.

     35,338        636,791  

Washington Federal, Inc.

     46,052        1,703,463  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     16,547,230  
Trading Companies & Distributors – 2.0%

 

Air Lease Corp.

     134,474        5,623,703  

Applied Industrial Technologies, Inc.

     26,021        1,477,993  

Beacon Roofing Supply, Inc.*(a)

     8,336        279,506  

GATX Corp.(a)

     23,244        1,802,107  

HD Supply Holdings, Inc.*

     79,491        3,114,060  

MSC Industrial Direct Co., Inc. Class A

     32,980        2,392,039  

SiteOne Landscape Supply, Inc.*(a)

     12,950        958,559  

Univar Solutions, Inc.*(a)

     104,571        2,170,894  

Watsco, Inc.

     13,364        2,260,922  

WESCO International, Inc.*

     40,731        1,945,720  
     

 

 

 
Total Trading Companies & Distributors

 

     22,025,503  
Transportation Infrastructure – 0.1%

 

Macquarie Infrastructure Corp.

     39,502        1,559,144  
Water Utilities – 0.3%

 

American States Water Co.

     8,348        750,151  

Aqua America, Inc.

     64,479        2,890,594  

California Water Service Group

     573        30,329  
     

 

 

 
Total Water Utilities

 

     3,671,074  
Wireless Telecommunication Services – 0.2%

 

Shenandoah Telecommunications Co.

     7,301        231,953  

Telephone & Data Systems, Inc.

     31,790        820,182  

United States Cellular Corp.*

     21,707        815,749  
     

 

 

 
Total Wireless Telecommunication Services

 

     1,867,884  
TOTAL COMMON STOCKS
(Cost: $980,003,356)

 

     1,120,027,429  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      
WisdomTree U.S. MidCap Dividend Fund(b)
(Cost: $1,466,819)
     44,486        1,615,286  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.0%

 

United States – 8.0%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

 

  
(Cost: $89,208,484)(d)      89,208,484        89,208,484  
TOTAL INVESTMENTS IN SECURITIES – 107.9%
(Cost: $1,070,678,659)

 

     1,210,851,199  

Other Assets less Liabilities – (7.9)%

        (88,177,644
     

 

 

 
NET ASSETS – 100.0%             $ 1,122,673,555  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. MidCap Fund (EZM)

September 30, 2019

 

 

 

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b)

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $157,545,229 and the total market value of the collateral held by the Fund was $160,850,202. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $71,641,718.

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Multifactor Fund (USMF)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 2.0%      

L3Harris Technologies, Inc.

     2,031      $ 423,748  

Lockheed Martin Corp.

     1,544        602,253  

Northrop Grumman Corp.

     1,265        474,109  

Raytheon Co.

     2,581        506,366  

Spirit AeroSystems Holdings, Inc. Class A

     4,990        410,378  
     

 

 

 
Total Aerospace & Defense               2,416,854  
Air Freight & Logistics – 0.5%      

C.H. Robinson Worldwide, Inc.(a)

     6,648        563,617  
Airlines – 1.2%      

Delta Air Lines, Inc.

     8,229        473,990  

Southwest Airlines Co.

     8,201        442,936  

United Airlines Holdings, Inc.*

     5,251        464,241  
     

 

 

 
Total Airlines               1,381,167  
Auto Components – 0.4%      

Gentex Corp.

     16,228        446,838  
Banks – 2.3%      

Comerica, Inc.

     8,464        558,539  

Fifth Third Bancorp

     21,324        583,851  

First Horizon National Corp.

     33,753        546,799  

KeyCorp

     27,184        484,963  

Signature Bank

     4,359        519,680  
     

 

 

 
Total Banks               2,693,832  
Beverages – 0.4%      

PepsiCo, Inc.

     3,647        500,004  
Biotechnology – 3.1%      

AbbVie, Inc.

     7,387        559,344  

Alexion Pharmaceuticals, Inc.*

     3,215        314,877  

Amgen, Inc.

     3,283        635,293  

Biogen, Inc.*

     1,775        413,255  

Celgene Corp.*

     4,961        492,627  

Exelixis, Inc.*

     15,369        271,801  

Gilead Sciences, Inc.

     8,993        569,976  

Regeneron Pharmaceuticals, Inc.*

     1,469        407,501  
     

 

 

 
Total Biotechnology               3,664,674  
Building Products – 0.3%      

Masco Corp.

     8,962        373,536  
Capital Markets – 1.4%      

CBOE Global Markets, Inc.

     5,906        678,658  

MarketAxess Holdings, Inc.

     1,344        440,160  

Morningstar, Inc.

     3,413        498,776  
     

 

 

 
Total Capital Markets               1,617,594  
Chemicals – 0.8%      

NewMarket Corp.

     1,233        582,087  

Scotts Miracle-Gro Co. (The)

     3,930        400,152  
     

 

 

 
Total Chemicals               982,239  
Commercial Services & Supplies – 1.8%      

Copart, Inc.*

     4,785        384,379  

Republic Services, Inc.

     7,584      656,395  

Tetra Tech, Inc.

     4,823        418,444  

Waste Management, Inc.

     5,447        626,405  
     

 

 

 
Total Commercial Services & Supplies               2,085,623  
Construction & Engineering – 0.7%      

EMCOR Group, Inc.

     5,793        498,893  

MasTec, Inc.*

     5,436        352,960  
     

 

 

 
Total Construction & Engineering               851,853  
Consumer Finance – 2.3%      

American Express Co.

     5,778        683,422  

Capital One Financial Corp.

     6,043        549,792  

OneMain Holdings, Inc.

     9,866        361,885  

Santander Consumer USA Holdings, Inc.

     21,191        540,582  

Synchrony Financial

     15,664        533,986  
     

 

 

 
Total Consumer Finance               2,669,667  
Containers & Packaging – 0.7%      

Berry Global Group, Inc.*

     9,625        377,974  

Sealed Air Corp.

     11,167        463,542  
     

 

 

 
Total Containers & Packaging               841,516  
Diversified Consumer Services – 0.6%      

frontdoor, Inc.*

     5,182        251,690  

H&R Block, Inc.

     21,366        504,665  
     

 

 

 
Total Diversified Consumer Services               756,355  
Diversified Telecommunication Services – 2.3%      

AT&T, Inc.

     33,478        1,266,808  

Verizon Communications, Inc.

     23,215        1,401,257  
     

 

 

 
Total Diversified Telecommunication Services               2,668,065  
Electric Utilities – 2.3%      

Evergy, Inc.

     6,810        453,274  

Exelon Corp.

     9,512        459,525  

FirstEnergy Corp.

     9,348        450,854  

Pinnacle West Capital Corp.

     4,710        457,200  

PPL Corp.

     13,725        432,200  

Southern Co. (The)

     7,554        466,610  
     

 

 

 
Total Electric Utilities               2,719,663  
Entertainment – 1.8%      

Cinemark Holdings, Inc.

     23,575        910,938  

Take-Two Interactive Software, Inc.*

     4,185        524,548  

Viacom, Inc. Class B

     29,138        700,186  
     

 

 

 
Total Entertainment               2,135,672  
Equity Real Estate Investment Trusts (REITs) – 3.5%

 

  

American Homes 4 Rent Class A

     16,892        437,334  

EPR Properties

     5,664        435,335  

Healthcare Trust of America, Inc. Class A

     13,867        407,413  

Life Storage, Inc.

     4,136        435,976  

Medical Properties Trust, Inc.

     20,630        403,523  

National Retail Properties, Inc.

     7,311        412,340  

Public Storage

     1,669        409,356  

Spirit Realty Capital, Inc.

     7,869        376,610  

VICI Properties, Inc.

     19,548        442,762  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Multifactor Fund (USMF)

September 30, 2019

 

 

 

Investments    Shares      Value  

Vornado Realty Trust

     6,778      $ 431,555  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               4,192,204  
Food & Staples Retailing – 2.0%      

Casey’s General Stores, Inc.

     2,206        355,519  

Kroger Co. (The)

     10,916        281,414  

Performance Food Group Co.*

     8,007        368,402  

Sysco Corp.

     5,998        476,241  

U.S. Foods Holding Corp.*

     9,820        403,602  

Walmart, Inc.

     4,113        488,131  
     

 

 

 
Total Food & Staples Retailing               2,373,309  
Food Products – 3.3%      

Campbell Soup Co.

     6,993        328,112  

Flowers Foods, Inc.

     19,269        445,692  

General Mills, Inc.

     7,424        409,211  

Hershey Co. (The)

     3,103        480,934  

J.M. Smucker Co. (The)

     3,652        401,793  

Lamb Weston Holdings, Inc.

     5,384        391,525  

McCormick & Co., Inc. Non-Voting Shares

     2,525        394,658  

Pilgrim’s Pride Corp.*

     8,298        265,909  

Post Holdings, Inc.*

     3,779        399,969  

Tyson Foods, Inc. Class A

     4,939        425,445  
     

 

 

 
Total Food Products               3,943,248  
Health Care Equipment & Supplies – 2.4%      

Cooper Cos., Inc. (The)

     1,949        578,853  

Dentsply Sirona, Inc.

     9,873        526,330  

Hill-Rom Holdings, Inc.

     5,384        566,558  

Stryker Corp.

     2,905        628,352  

West Pharmaceutical Services, Inc.

     3,931        557,494  
     

 

 

 
Total Health Care Equipment & Supplies               2,857,587  
Health Care Providers & Services – 4.7%      

AmerisourceBergen Corp.

     5,487        451,745  

Cardinal Health, Inc.

     10,048        474,165  

Centene Corp.*

     9,021        390,248  

Chemed Corp.

     1,554        648,904  

Henry Schein, Inc.*

     10,727        681,165  

Humana, Inc.

     1,615        412,907  

McKesson Corp.

     3,658        499,902  

Molina Healthcare, Inc.*

     2,700        296,244  

Quest Diagnostics, Inc.

     5,772        617,777  

UnitedHealth Group, Inc.

     2,477        538,302  

Universal Health Services, Inc. Class B

     3,960        589,050  
     

 

 

 
Total Health Care Providers & Services               5,600,409  
Health Care Technology – 0.5%      

Cerner Corp.

     8,434        574,946  
Hotels, Restaurants & Leisure – 3.7%      

Aramark

     9,278        404,335  

Chipotle Mexican Grill, Inc.*

     473        397,542  

Choice Hotels International, Inc.

     6,319        562,138  

Darden Restaurants, Inc.

     4,622        546,413  

McDonald’s Corp.

     3,023        649,068  

Starbucks Corp.

     6,321        558,903  

Wendy’s Co. (The)

     27,250      544,455  

Yum! Brands, Inc.

     5,806        658,575  
     

 

 

 
Total Hotels, Restaurants & Leisure               4,321,429  
Household Durables – 2.0%      

D.R. Horton, Inc.

     7,683        404,971  

Lennar Corp. Class A

     7,490        418,317  

NVR, Inc.*

     138        512,994  

PulteGroup, Inc.

     13,777        503,549  

Toll Brothers, Inc.

     13,055        535,908  
     

 

 

 
Total Household Durables               2,375,739  
Household Products – 1.5%      

Clorox Co. (The)

     2,719        412,935  

Colgate-Palmolive Co.

     5,999        440,986  

Kimberly-Clark Corp.

     3,378        479,845  

Procter & Gamble Co. (The)

     3,596        447,270  
     

 

 

 
Total Household Products               1,781,036  
Independent Power & Renewable Electricity Producers – 0.9%

 

AES Corp.

     23,207        379,202  

NRG Energy, Inc.

     9,311        368,716  

Vistra Energy Corp.

     13,583        363,073  
     

 

 

 
Total Independent Power & Renewable Electricity Producers               1,110,991  
Industrial Conglomerates – 0.4%      

Carlisle Cos., Inc.

     3,564        518,704  
Insurance – 5.7%      

Aflac, Inc.

     14,278        747,025  

Allstate Corp. (The)

     6,595        716,745  

Erie Indemnity Co. Class A

     2,485        461,340  

Fidelity National Financial, Inc.

     15,529        689,643  

First American Financial Corp.

     10,899        643,150  

Hanover Insurance Group, Inc. (The)

     5,649        765,665  

Hartford Financial Services Group, Inc. (The)

     12,641        766,171  

Old Republic International Corp.

     30,313        714,477  

Progressive Corp. (The)

     7,811        603,400  

Selective Insurance Group, Inc.

     9,091        683,552  
     

 

 

 
Total Insurance               6,791,168  
Interactive Media & Services – 0.5%      

IAC/InterActiveCorp*

     2,770        603,777  
Internet & Direct Marketing Retail – 0.9%      

eBay, Inc.

     11,461        446,750  

Expedia Group, Inc.

     4,446        597,587  
     

 

 

 
Total Internet & Direct Marketing Retail               1,044,337  
IT Services – 11.6%      

Akamai Technologies, Inc.*

     10,885        994,671  

Black Knight, Inc.*

     20,623        1,259,241  

Booz Allen Hamilton Holding Corp.

     20,103        1,427,715  

Broadridge Financial Solutions, Inc.

     9,517        1,184,200  

CACI International, Inc. Class A*

     5,860        1,355,184  

Cognizant Technology Solutions Corp. Class A

     18,271        1,101,102  

Euronet Worldwide, Inc.*

     6,614        967,628  

FleetCor Technologies, Inc.*

     3,877        1,111,846  

Leidos Holdings, Inc.

     15,998        1,373,908  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Multifactor Fund (USMF)

September 30, 2019

 

 

 

Investments    Shares      Value  

MAXIMUS, Inc.

     17,072      $ 1,318,983  

Western Union Co. (The)

     69,666        1,614,161  
     

 

 

 
Total IT Services               13,708,639  
Life Sciences Tools & Services – 0.9%      

Agilent Technologies, Inc.

     6,924        530,586  

Waters Corp.*

     2,350        524,591  
     

 

 

 
Total Life Sciences Tools & Services               1,055,177  
Machinery – 1.6%      

AGCO Corp.

     5,276        399,393  

Allison Transmission Holdings, Inc.

     10,493        493,696  

Cummins, Inc.

     3,260        530,304  

WABCO Holdings, Inc.*

     3,809        509,454  
     

 

 

 
Total Machinery               1,932,847  
Media – 5.9%      

Altice USA, Inc. Class A*

     25,265        724,600  

Cable One, Inc.

     899        1,127,975  

Charter Communications, Inc. Class A*

     2,160        890,179  

Discovery, Inc. Class A*(a)

     24,349        648,414  

Interpublic Group of Cos., Inc. (The)

     47,563        1,025,458  

New York Times Co. (The) Class A

     21,539        613,431  

Nexstar Media Group, Inc. Class A

     7,280        744,817  

Omnicom Group, Inc.

     15,372        1,203,628  
     

 

 

 
Total Media               6,978,502  
Metals & Mining – 1.2%      

Reliance Steel & Aluminum Co.

     5,453        543,446  

Royal Gold, Inc.

     3,861        475,714  

Steel Dynamics, Inc.

     11,494        342,521  
     

 

 

 
Total Metals & Mining               1,361,681  
Multi-Utilities – 0.4%      

DTE Energy Co.

     3,436        456,850  
Multiline Retail – 0.3%      

Target Corp.

     3,290        351,734  
Oil, Gas & Consumable Fuels – 4.4%      

Cabot Oil & Gas Corp.

     44,706        785,485  

Chevron Corp.

     10,652        1,263,327  

ConocoPhillips

     16,598        945,754  

Devon Energy Corp.

     23,653        569,091  

HollyFrontier Corp.

     13,678        733,688  

Occidental Petroleum Corp.

     21,013        934,448  
     

 

 

 
Total Oil, Gas & Consumable Fuels               5,231,793  
Pharmaceuticals – 2.3%      

Bristol-Myers Squibb Co.

     10,371        525,914  

Eli Lilly & Co.

     6,007        671,763  

Johnson & Johnson

     5,643        730,091  

Merck & Co., Inc.

     9,084        764,691  
     

 

 

 
Total Pharmaceuticals               2,692,459  
Semiconductors & Semiconductor Equipment – 4.2%

 

Cypress Semiconductor Corp.

     29,412        686,476  

Intel Corp.

     17,482        900,847  

Lam Research Corp.

     2,998        692,868  

Micron Technology, Inc.*

     11,752        503,573  

QUALCOMM, Inc.

     9,118      695,521  

Teradyne, Inc.

     11,057        640,311  

Versum Materials, Inc.

     15,491        819,939  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               4,939,535  
Software – 5.5%      

Citrix Systems, Inc.

     17,438        1,683,116  

Fair Isaac Corp.*

     2,527        766,995  

Nuance Communications, Inc.*

     60,254        982,743  

Oracle Corp.

     25,683        1,413,335  

Symantec Corp.

     26,151        617,948  

Synopsys, Inc.*

     7,638        1,048,316  
     

 

 

 
Total Software               6,512,453  
Specialty Retail – 2.5%      

Aaron’s, Inc.

     5,838        375,150  

AutoNation, Inc.*

     8,205        415,993  

AutoZone, Inc.*

     520        564,002  

Best Buy Co., Inc.

     4,544        313,491  

CarMax, Inc.*

     5,005        440,440  

O’Reilly Automotive, Inc.*

     1,378        549,147  

Ulta Salon Cosmetics & Fragrance, Inc.*

     1,092        273,710  
     

 

 

 
Total Specialty Retail               2,931,933  
Textiles, Apparel & Luxury Goods – 0.2%      

Hanesbrands, Inc.

     19,309        295,814  
Thrifts & Mortgage Finance – 0.9%      

MGIC Investment Corp.

     40,423        508,522  

Radian Group, Inc.

     23,623        539,549  
     

 

 

 
Total Thrifts & Mortgage Finance               1,048,071  
Tobacco – 0.3%      

Altria Group, Inc.

     7,581        310,063  
Trading Companies & Distributors – 0.8%      

HD Supply Holdings, Inc.*

     14,871        582,571  

W.W. Grainger, Inc.

     1,305        387,781  
     

 

 

 
Total Trading Companies & Distributors               970,352  

TOTAL COMMON STOCKS

(Cost: $114,279,602)

              118,235,556  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%

 

United States – 0.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(b)

     
(Cost: $581,842)(c)      581,842        581,842  

TOTAL INVESTMENTS IN SECURITIES – 100.4%

(Cost: $114,861,444)

        118,817,398  

Other Assets less Liabilities – (0.4)%

        (447,494
     

 

 

 
NET ASSETS – 100.0%             $ 118,369,904  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(c) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,062,871 and the total market value of the collateral held by the Fund was $1,080,295. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $498,453.

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 5.1%      

Boeing Co. (The)

     144,662      $ 55,039,551  

BWX Technologies, Inc.

     20,162        1,153,468  

Curtiss-Wright Corp.

     2,482        321,096  

General Dynamics Corp.

     77,388        14,141,109  

HEICO Corp.

     3,101        387,253  

HEICO Corp. Class A

     3,845        374,157  

Hexcel Corp.

     14,206        1,166,739  

Huntington Ingalls Industries, Inc.

     6,890        1,459,233  

L3Harris Technologies, Inc.

     45,980        9,593,267  

Northrop Grumman Corp.

     37,558        14,076,363  

Raytheon Co.

     68,878        13,513,175  

Spirit AeroSystems Holdings, Inc. Class A

     8,198        674,204  

Textron, Inc.

     9,395        459,979  

United Technologies Corp.

     253,712        34,636,762  
     

 

 

 
Total Aerospace & Defense               146,996,356  
Air Freight & Logistics – 1.6%      

C.H. Robinson Worldwide, Inc.(a)

     32,651        2,768,152  

Expeditors International of Washington, Inc.

     29,335        2,179,297  

FedEx Corp.

     41,424        6,030,092  

United Parcel Service, Inc. Class B

     299,950        35,940,009  
     

 

 

 
Total Air Freight & Logistics               46,917,550  
Airlines – 0.7%      

Alaska Air Group, Inc.

     23,842        1,547,584  

American Airlines Group, Inc.(a)

     56,205        1,515,849  

Delta Air Lines, Inc.

     213,935        12,322,656  

Southwest Airlines Co.

     77,528        4,187,287  
     

 

 

 
Total Airlines               19,573,376  
Auto Components – 0.1%      

Gentex Corp.

     82,917        2,283,120  
Automobiles – 1.1%      

General Motors Co.

     725,545        27,193,427  

Harley-Davidson, Inc.

     69,703        2,507,217  

Thor Industries, Inc.

     12,010        680,246  
     

 

 

 
Total Automobiles               30,380,890  
Banks – 4.4%      

Bank OZK

     45,822        1,249,566  

Comerica, Inc.

     61,336        4,047,563  

KeyCorp

     567,668        10,127,197  

Pinnacle Financial Partners, Inc.

     7,570        429,598  

Regions Financial Corp.

     479,470        7,585,215  

Wells Fargo & Co.

     2,060,766        103,945,037  
     

 

 

 
Total Banks               127,384,176  
Beverages – 3.3%      

Brown-Forman Corp. Class A

     21,179        1,265,445  

Brown-Forman Corp. Class B

     57,810        3,629,312  

Constellation Brands, Inc. Class A

     30,417        6,304,836  

Keurig Dr Pepper, Inc.

     372,254        10,169,979  

PepsiCo, Inc.

     542,215        74,337,677  
     

 

 

 
Total Beverages               95,707,249  
Investments    Shares      Value  
Biotechnology – 2.3%      

AbbVie, Inc.

     890,809      67,452,057  
Building Products – 0.2%      

A.O. Smith Corp.

     27,939        1,332,970  

Armstrong World Industries, Inc.

     9,899        957,233  

Fortune Brands Home & Security, Inc.

     34,088        1,864,614  

Lennox International, Inc.

     7,256        1,762,990  

Owens Corning

     18,082        1,142,782  
     

 

 

 
Total Building Products               7,060,589  
Capital Markets – 3.0%      

Ameriprise Financial, Inc.

     53,777        7,910,597  

CBOE Global Markets, Inc.

     17,985        2,066,656  

Charles Schwab Corp. (The)

     196,763        8,230,596  

CME Group, Inc.

     61,386        12,973,317  

E*TRADE Financial Corp.

     34,942        1,526,616  

Eaton Vance Corp.

     50,886        2,286,308  

Evercore, Inc. Class A

     8,364        669,957  

FactSet Research Systems, Inc.(a)

     6,593        1,601,901  

Franklin Resources, Inc.

     164,246        4,740,140  

LPL Financial Holdings, Inc.

     22,597        1,850,694  

MarketAxess Holdings, Inc.

     4,646        1,521,565  

Morningstar, Inc.

     6,328        924,774  

MSCI, Inc.

     17,863        3,889,668  

Northern Trust Corp.

     61,841        5,771,002  

Raymond James Financial, Inc.

     29,645        2,444,527  

S&P Global, Inc.

     37,332        9,145,593  

SEI Investments Co.

     19,206        1,138,052  

T. Rowe Price Group, Inc.

     83,476        9,537,133  

TD Ameritrade Holding Corp.

     159,110        7,430,437  
     

 

 

 
Total Capital Markets               85,659,533  
Chemicals – 2.0%      

Air Products & Chemicals, Inc.

     75,188        16,681,210  

Celanese Corp.

     37,144        4,542,340  

Chemours Co. (The)

     58,081        867,730  

Eastman Chemical Co.

     46,740        3,450,814  

Ecolab, Inc.

     38,395        7,603,746  

FMC Corp.

     18,213        1,596,916  

International Flavors & Fragrances, Inc.(a)

     28,272        3,468,692  

NewMarket Corp.

     1,598        754,400  

Olin Corp.

     62,317        1,166,574  

PPG Industries, Inc.

     50,291        5,959,986  

RPM International, Inc.

     38,308        2,635,973  

Scotts Miracle-Gro Co. (The)

     20,753        2,113,070  

Sherwin-Williams Co. (The)

     10,287        5,656,513  

W.R. Grace & Co.

     15,951        1,064,889  

Westlake Chemical Corp.

     19,815        1,298,279  
     

 

 

 
Total Chemicals               58,861,132  
Commercial Services & Supplies – 0.9%      

Cintas Corp.

     17,064        4,574,858  

Healthcare Services Group, Inc.(a)

     13,543        328,960  

MSA Safety, Inc.

     9,663        1,054,330  

Republic Services, Inc.

     79,730        6,900,632  

Rollins, Inc.(a)

     47,663        1,623,878  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

September 30, 2019

 

 

 

Investments    Shares      Value  

Tetra Tech, Inc.

     5,191      $ 450,371  

Waste Management, Inc.

     106,031        12,193,565  
     

 

 

 
Total Commercial Services & Supplies               27,126,594  
Communications Equipment – 0.0%      

Ubiquiti, Inc.(a)

     6,630        784,064  
Construction & Engineering – 0.0%      

EMCOR Group, Inc.

     3,091        266,197  

Fluor Corp.

     31,661        605,675  
     

 

 

 
Total Construction & Engineering               871,872  
Construction Materials – 0.2%      

Eagle Materials, Inc.

     3,563        320,706  

Martin Marietta Materials, Inc.

     9,136        2,504,177  

Vulcan Materials Co.

     17,596        2,661,219  
     

 

 

 
Total Construction Materials               5,486,102  
Consumer Finance – 0.9%      

American Express Co.

     149,664        17,702,258  

Discover Financial Services

     103,097        8,360,136  
     

 

 

 
Total Consumer Finance               26,062,394  
Containers & Packaging – 0.4%      

AptarGroup, Inc.

     13,577        1,608,196  

Avery Dennison Corp.

     19,345        2,197,012  

Graphic Packaging Holding Co.

     129,630        1,912,042  

Packaging Corp. of America

     35,172        3,731,749  

Sealed Air Corp.

     38,935        1,616,192  
     

 

 

 
Total Containers & Packaging               11,065,191  
Distributors – 0.1%      

Pool Corp.

     7,364        1,485,319  
Diversified Consumer Services – 0.1%      

Service Corp. International

     40,913        1,956,050  
Diversified Telecommunication Services – 4.3%

 

  

Verizon Communications, Inc.

     2,066,574        124,738,407  
Electrical Equipment – 1.0%      

Acuity Brands, Inc.

     2,135        287,776  

AMETEK, Inc.

     26,817        2,462,337  

Emerson Electric Co.

     243,986        16,312,904  

EnerSys

     2,986        196,897  

Hubbell, Inc.

     21,583        2,836,006  

Rockwell Automation, Inc.

     35,371        5,829,141  
     

 

 

 
Total Electrical Equipment               27,925,061  
Electronic Equipment, Instruments & Components – 0.3%

 

Amphenol Corp. Class A

     35,039        3,381,264  

CDW Corp.

     21,271        2,621,438  

Cognex Corp.

     10,661        523,775  

Dolby Laboratories, Inc. Class A

     9,207        595,141  

Littelfuse, Inc.

     2,395        424,657  

National Instruments Corp.

     18,385        771,986  
     

 

 

 
Total Electronic Equipment, Instruments & Components               8,318,261  
Entertainment – 1.6%      

Activision Blizzard, Inc.

     57,531        3,044,540  
Investments    Shares      Value  

Cinemark Holdings, Inc.

     52,879      2,043,245  

Walt Disney Co. (The)

     306,265        39,912,455  

World Wrestling Entertainment, Inc. Class A(a)

     1,627        115,761  
     

 

 

 
Total Entertainment               45,116,001  
Equity Real Estate Investment Trusts (REITs) – 0.1%

 

  

Ryman Hospitality Properties, Inc.

     30,341        2,482,197  
Food & Staples Retailing – 1.1%      

Casey’s General Stores, Inc.

     4,641        747,944  

Costco Wholesale Corp.

     55,811        16,079,707  

Kroger Co. (The)

     165,066        4,255,401  

Sysco Corp.

     147,303        11,695,858  
     

 

 

 
Total Food & Staples Retailing               32,778,910  
Food Products – 2.0%      

Flowers Foods, Inc.

     98,062        2,268,174  

General Mills, Inc.

     368,251        20,297,995  

Hershey Co. (The)

     47,184        7,313,048  

Hormel Foods Corp.

     126,841        5,546,757  

Kellogg Co.

     144,507        9,299,026  

Lancaster Colony Corp.

     6,478        898,175  

McCormick & Co., Inc. Non-Voting Shares

     24,420        3,816,846  

Tyson Foods, Inc. Class A

     94,553        8,144,795  
     

 

 

 
Total Food Products               57,584,816  
Health Care Equipment & Supplies – 2.4%      

Abbott Laboratories

     327,711        27,419,579  

Baxter International, Inc.

     76,632        6,703,001  

Becton, Dickinson and Co.

     41,175        10,415,628  

Cantel Medical Corp.(a)

     1,010        75,548  

Cooper Cos., Inc. (The)

     816        242,352  

Danaher Corp.

     55,395        8,000,700  

Hill-Rom Holdings, Inc.

     2,955        310,954  

ResMed, Inc.

     23,552        3,182,111  

Stryker Corp.

     49,716        10,753,571  

Teleflex, Inc.

     4,009        1,362,058  

West Pharmaceutical Services, Inc.

     7,551        1,070,883  
     

 

 

 
Total Health Care Equipment & Supplies               69,536,385  
Health Care Providers & Services – 2.7%      

AmerisourceBergen Corp.

     45,587        3,753,178  

Anthem, Inc.

     34,398        8,258,960  

Chemed Corp.

     872        364,121  

Cigna Corp.

     1,278        193,988  

CVS Health Corp.

     426,425        26,894,625  

Encompass Health Corp.

     21,627        1,368,556  

Humana, Inc.

     10,135        2,591,215  

UnitedHealth Group, Inc.

     154,655        33,609,625  

Universal Health Services, Inc. Class B

     2,943        437,771  
     

 

 

 
Total Health Care Providers & Services               77,472,039  
Hotels, Restaurants & Leisure – 2.5%      

Aramark

     43,152        1,880,564  

Cracker Barrel Old Country Store, Inc.(a)

     10,454        1,700,343  

Darden Restaurants, Inc.

     45,083        5,329,712  

Hyatt Hotels Corp. Class A

     9,967        734,269  

Las Vegas Sands Corp.

     505,957        29,224,076  

Marriott Vacations Worldwide Corp.

     8,928        925,030  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

September 30, 2019

 

 

 

Investments    Shares      Value  

Starbucks Corp.

     326,180      $ 28,840,836  

Texas Roadhouse, Inc.

     13,645        716,636  

Wendy’s Co. (The)

     72,792        1,454,384  

Wyndham Destinations, Inc.

     40,910        1,882,678  
     

 

 

 
Total Hotels, Restaurants & Leisure               72,688,528  
Household Durables – 0.4%      

D.R. Horton, Inc.

     79,008        4,164,512  

Leggett & Platt, Inc.

     56,305        2,305,127  

Lennar Corp. Class A

     21,883        1,222,165  

PulteGroup, Inc.

     54,766        2,001,697  

Toll Brothers, Inc.

     15,216        624,617  
     

 

 

 
Total Household Durables               10,318,118  
Household Products – 4.0%      

Church & Dwight Co., Inc.

     42,479        3,196,120  

Clorox Co. (The)

     32,330        4,909,957  

Procter & Gamble Co. (The)

     876,092        108,968,323  
     

 

 

 
Total Household Products               117,074,400  
Industrial Conglomerates – 2.4%      

3M Co.

     191,307        31,450,871  

Carlisle Cos., Inc.

     14,229        2,070,889  

Honeywell International, Inc.

     211,276        35,747,899  
     

 

 

 
Total Industrial Conglomerates               69,269,659  
Insurance – 1.0%      

Brown & Brown, Inc.

     46,582        1,679,747  

Erie Indemnity Co. Class A

     14,994        2,783,636  

Globe Life, Inc.

     13,075        1,252,062  

Marsh & McLennan Cos., Inc.

     118,240        11,829,912  

Selective Insurance Group, Inc.

     4,238        318,655  

Travelers Cos., Inc. (The)

     82,309        12,238,525  
     

 

 

 
Total Insurance               30,102,537  
Internet & Direct Marketing Retail – 0.1%      

Expedia Group, Inc.

     19,678        2,644,920  
IT Services – 5.3%      

Alliance Data Systems Corp.

     4,856        622,199  

Automatic Data Processing, Inc.

     104,658        16,893,894  

Booz Allen Hamilton Holding Corp.

     28,970        2,057,449  

Broadridge Financial Solutions, Inc.

     23,164        2,882,297  

Cognizant Technology Solutions Corp. Class A

     63,900        3,850,934  

Global Payments, Inc.

     16,070        2,555,130  

International Business Machines Corp.

     486,215        70,705,385  

Jack Henry & Associates, Inc.

     11,168        1,630,193  

MasterCard, Inc. Class A

     53,924        14,644,141  

MAXIMUS, Inc.

     14,526        1,122,279  

Paychex, Inc.

     129,368        10,707,789  

Sabre Corp.

     63,188        1,415,095  

Visa, Inc. Class A

     133,816        23,017,690  
     

 

 

 
Total IT Services               152,104,475  
Leisure Products – 0.3%      

Brunswick Corp.

     10,654        555,286  

Hasbro, Inc.

     47,330        5,617,598  

Polaris, Inc.

     19,389        1,706,426  
     

 

 

 
Total Leisure Products               7,879,310  
Investments    Shares      Value  
Life Sciences Tools & Services – 0.1%      

Bio-Techne Corp.

     5,248      1,026,876  

Bruker Corp.

     11,439        502,515  

PerkinElmer, Inc.

     5,143        438,030  
     

 

 

 
Total Life Sciences Tools & Services               1,967,421  
Machinery – 3.6%      

AGCO Corp.

     16,069        1,216,423  

Allison Transmission Holdings, Inc.

     13,276        624,636  

Caterpillar, Inc.

     189,150        23,891,537  

Crane Co.

     15,104        1,217,836  

Cummins, Inc.

     64,611        10,510,271  

Deere & Co.

     67,493        11,384,719  

Donaldson Co., Inc.

     25,957        1,351,841  

Dover Corp.

     46,847        4,664,087  

Fortive Corp.

     21,010        1,440,446  

Graco, Inc.

     33,299        1,533,086  

IDEX Corp.

     14,383        2,357,086  

Illinois Tool Works, Inc.

     119,629        18,720,742  

ITT, Inc.

     13,707        838,731  

Lincoln Electric Holdings, Inc.

     19,126        1,659,372  

Nordson Corp.

     8,943        1,308,003  

Oshkosh Corp.

     13,978        1,059,532  

Parker-Hannifin Corp.

     29,505        5,328,898  

Snap-on, Inc.

     18,104        2,834,000  

Stanley Black & Decker, Inc.

     36,937        5,334,072  

Toro Co. (The)

     21,999        1,612,527  

Trinity Industries, Inc.

     51,114        1,005,924  

Wabtec Corp.(a)

     12,913        927,928  

Woodward, Inc.

     5,504        593,496  

Xylem, Inc.

     30,636        2,439,238  
     

 

 

 
Total Machinery               103,854,431  
Media – 2.0%      

Cable One, Inc.

     284        356,335  

CBS Corp. Class B Non-Voting Shares

     51,607        2,083,375  

Comcast Corp. Class A

     1,123,600        50,651,888  

Fox Corp. Class A

     32,549        1,026,433  

Fox Corp. Class B

     25,391        800,832  

Interpublic Group of Cos., Inc. (The)

     170,401        3,673,845  

Nexstar Media Group, Inc. Class A(a)

     6,251        639,540  
     

 

 

 
Total Media               59,232,248  
Multiline Retail – 1.1%      

Dollar General Corp.

     37,657        5,985,203  

Nordstrom, Inc.(a)

     47,460        1,597,978  

Target Corp.

     236,536        25,288,064  
     

 

 

 
Total Multiline Retail               32,871,245  
Oil, Gas & Consumable Fuels – 6.1%      

EQT Corp.

     24,999        265,989  

Exxon Mobil Corp.

     1,728,069        122,018,952  

Marathon Petroleum Corp.

     244,598        14,859,329  

PBF Energy, Inc. Class A

     41,360        1,124,578  

Phillips 66

     201,306        20,613,735  

Valero Energy Corp.

     215,183        18,342,199  
     

 

 

 
Total Oil, Gas & Consumable Fuels               177,224,782  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

September 30, 2019

 

 

 

Investments    Shares      Value  
Personal Products – 0.3%      

Estee Lauder Cos., Inc. (The) Class A

     35,410      $ 7,044,819  

Nu Skin Enterprises, Inc. Class A

     13,079        556,250  
     

 

 

 
Total Personal Products               7,601,069  
Pharmaceuticals – 2.2%      

Bristol-Myers Squibb Co.

     588,779        29,856,983  

Eli Lilly & Co.

     252,501        28,237,187  

Zoetis, Inc.

     35,558        4,430,171  
     

 

 

 
Total Pharmaceuticals               62,524,341  
Professional Services – 0.1%      

Insperity, Inc.

     2,439        240,534  

Robert Half International, Inc.

     32,101        1,786,742  
     

 

 

 
Total Professional Services               2,027,276  
Real Estate Management & Development – 0.0%

 

  

Jones Lang LaSalle, Inc.

     5,121        712,126  
Road & Rail – 2.0%      

CSX Corp.

     137,092        9,496,363  

JB Hunt Transport Services, Inc.

     13,385        1,481,050  

Knight-Swift Transportation Holdings, Inc.(a)

     7,858        285,246  

Landstar System, Inc.

     5,536        623,243  

Norfolk Southern Corp.

     69,989        12,574,224  

Old Dominion Freight Line, Inc.

     3,889        661,013  

Ryder System, Inc.

     23,835        1,233,938  

Union Pacific Corp.

     195,932        31,737,065  
     

 

 

 
Total Road & Rail               58,092,142  
Semiconductors & Semiconductor Equipment – 5.8%

 

  

Analog Devices, Inc.

     86,614        9,677,382  

Applied Materials, Inc.

     247,286        12,339,571  

Cabot Microelectronics Corp.

     2,508        354,155  

Intel Corp.

     1,176,803        60,640,659  

KLA Corp.

     52,590        8,385,476  

Lam Research Corp.

     51,601        11,925,507  

Maxim Integrated Products, Inc.

     93,732        5,428,020  

Microchip Technology, Inc.(a)

     44,265        4,112,661  

MKS Instruments, Inc.

     5,363        494,898  

Monolithic Power Systems, Inc.

     4,796        746,401  

NVIDIA Corp.

     27,210        4,736,445  

Skyworks Solutions, Inc.

     39,957        3,166,592  

Texas Instruments, Inc.

     320,260        41,390,402  

Universal Display Corp.

     2,473        415,217  

Xilinx, Inc.

     45,156        4,330,460  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               168,143,846  
Software – 5.5%      

Citrix Systems, Inc.

     15,781        1,523,182  

Intuit, Inc.

     26,486        7,043,687  

Microsoft Corp.

     1,067,095        148,358,218  

Pegasystems, Inc.

     4,050        275,602  

Symantec Corp.

     72,782        1,719,839  
     

 

 

 
Total Software               158,920,528  
Specialty Retail – 4.7%      

Aaron’s, Inc.

     5,140        330,296  
Investments    Shares      Value  

Advance Auto Parts, Inc.

     2,976      492,230  

American Eagle Outfitters, Inc.

     44,861        727,646  

Best Buy Co., Inc.

     104,336        7,198,141  

Foot Locker, Inc.

     30,217        1,304,166  

Gap, Inc. (The)

     172,644        2,997,100  

Home Depot, Inc. (The)

     318,761        73,958,927  

Lowe’s Cos., Inc.

     198,941        21,875,552  

Ross Stores, Inc.

     53,872        5,917,839  

Tiffany & Co.(a)

     33,724        3,123,854  

TJX Cos., Inc. (The)

     257,985        14,380,084  

Tractor Supply Co.

     23,883        2,159,979  

Williams-Sonoma, Inc.(a)

     33,185        2,255,916  
     

 

 

 
Total Specialty Retail               136,721,730  
Technology Hardware, Storage & Peripherals – 5.4%

 

  

Apple, Inc.

     683,739        153,137,024  

NetApp, Inc.

     60,557        3,179,848  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               156,316,872  
Textiles, Apparel & Luxury Goods – 0.8%      

Carter’s, Inc.(a)

     12,524        1,142,314  

Columbia Sportswear Co.

     11,152        1,080,517  

NIKE, Inc. Class B

     185,762        17,446,767  

PVH Corp.

     4,305        379,830  

Tapestry, Inc.

     122,568        3,192,897  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               23,242,325  
Tobacco – 1.9%      

Altria Group, Inc.

     1,350,774        55,246,657  
Trading Companies & Distributors – 0.4%      

Fastenal Co.

     212,573        6,944,760  

GATX Corp.

     5,564        431,377  

MSC Industrial Direct Co., Inc. Class A

     15,623        1,133,136  

W.W. Grainger, Inc.

     13,910        4,133,356  
     

 

 

 
Total Trading Companies & Distributors               12,642,629  

TOTAL COMMON STOCKS

(Cost: $2,418,359,263)

              2,888,489,306  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(b)

 

  
(Cost: $6,595,506)(c)      6,595,506        6,595,506  
TOTAL INVESTMENTS IN SECURITIES – 100.1%
(Cost: $2,424,954,769)

 

     2,895,084,812  

Other Assets less Liabilities – (0.1)%

        (3,277,430
     

 

 

 
NET ASSETS – 100.0%             $ 2,891,807,382  
(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(c) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $20,611,969 and the total market value of the collateral held by the Fund was $20,858,342. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,262,836.

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%

 

Aerospace & Defense – 3.9%

 

Curtiss-Wright Corp.

     2,613      $ 338,044  

Huntington Ingalls Industries, Inc.

     1,048        221,956  

Raytheon Co.

     1,961        384,728  

Spirit AeroSystems Holdings, Inc. Class A

     4,810        395,574  

Textron, Inc.

     7,580        371,117  
     

 

 

 
Total Aerospace & Defense

 

     1,711,419  
Air Freight & Logistics – 0.8%

 

C.H. Robinson Worldwide, Inc.(a)

     3,996        338,781  
Airlines – 0.9%

 

Delta Air Lines, Inc.

     3,255        187,488  

Southwest Airlines Co.

     4,016        216,904  
     

 

 

 
Total Airlines

 

     404,392  
Auto Components – 2.3%

 

Gentex Corp.

     37,096        1,021,438  
Banks – 4.5%

 

Bank of America Corp.

     11,437        333,617  

First Citizens BancShares, Inc. Class A

     545        256,995  

JPMorgan Chase & Co.

     2,063        242,795  

M&T Bank Corp.

     2,002        316,256  

PacWest Bancorp

     11,154        405,336  

Sterling Bancorp

     7,581        152,075  

Zions Bancorp NA

     5,520        245,750  
     

 

 

 
Total Banks

 

     1,952,824  
Beverages – 0.7%

 

PepsiCo, Inc.

     2,297        314,919  
Biotechnology – 3.3%

 

AbbVie, Inc.

     3,292        249,270  

Amgen, Inc.

     4,590        888,211  

Biogen, Inc.*

     410        95,456  

Gilead Sciences, Inc.

     3,382        214,351  
     

 

 

 
Total Biotechnology

 

     1,447,288  
Building Products – 0.8%

 

A.O. Smith Corp.

     2,906        138,645  

Masco Corp.

     5,154        214,819  
     

 

 

 
Total Building Products

 

     353,464  
Capital Markets – 2.4%

 

FactSet Research Systems, Inc.(a)

     493        119,784  

LPL Financial Holdings, Inc.

     3,349        274,283  

S&P Global, Inc.

     668        163,647  

T. Rowe Price Group, Inc.

     4,088        467,054  
     

 

 

 
Total Capital Markets

 

     1,024,768  
Chemicals – 3.2%

 

Celanese Corp.

     3,128        382,523  

CF Industries Holdings, Inc.

     5,757        283,245  

Chemours Co. (The)

     17,279        258,148  

Huntsman Corp.

     12,788        297,449  

NewMarket Corp.

     380        179,394  
     

 

 

 
Total Chemicals

 

     1,400,759  
Communications Equipment – 2.8%

 

Cisco Systems, Inc.

     16,078      794,414  

F5 Networks, Inc.*

     1,114        156,428  

Ubiquiti, Inc.(a)

     2,216        262,064  
     

 

 

 
Total Communications Equipment

 

     1,212,906  
Construction & Engineering – 0.5%

 

Quanta Services, Inc.

     5,979        226,006  
Consumer Finance – 4.0%

 

American Express Co.

     2,431        287,539  

Discover Financial Services

     11,281        914,776  

Synchrony Financial

     15,465        527,202  
     

 

 

 
Total Consumer Finance

 

     1,729,517  
Containers & Packaging – 0.4%

 

International Paper Co.

     3,968        165,942  
Diversified Consumer Services – 0.2%

 

H&R Block, Inc.

     4,271        100,881  
Diversified Financial Services – 1.2%

 

Voya Financial, Inc.

     9,916        539,827  
Electrical Equipment – 0.7%

 

Emerson Electric Co.

     4,775        319,256  
Electronic Equipment, Instruments & Components – 1.1%

 

Avnet, Inc.

     7,678        341,556  

CDW Corp.

     1,155        142,342  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     483,898  
Equity Real Estate Investment Trusts (REITs) – 5.3%

 

EPR Properties

     5,134        394,599  

Healthcare Trust of America, Inc. Class A

     14,686        431,475  

Host Hotels & Resorts, Inc.

     15,448        267,096  

Liberty Property Trust

     4,709        241,713  

Life Storage, Inc.

     3,035        319,920  

Medical Properties Trust, Inc.

     16,504        322,818  

SL Green Realty Corp.

     4,239        346,538  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     2,324,159  
Food & Staples Retailing – 1.6%

 

Kroger Co. (The)

     14,243        367,184  

Sysco Corp.

     3,884        308,390  
     

 

 

 
Total Food & Staples Retailing

 

     675,574  
Food Products – 1.2%

 

Ingredion, Inc.

     5,211        425,947  

Kraft Heinz Co. (The)

     3,439        96,069  
     

 

 

 
Total Food Products

 

     522,016  
Health Care Equipment & Supplies – 1.5%

 

Baxter International, Inc.

     5,094        445,572  

Haemonetics Corp.*

     1,725        217,592  
     

 

 

 
Total Health Care Equipment & Supplies

 

     663,164  
Health Care Providers & Services – 0.8%

 

HCA Healthcare, Inc.

     1,026        123,551  

Humana, Inc.

     467        119,398  

UnitedHealth Group, Inc.

     431        93,665  
     

 

 

 
Total Health Care Providers & Services

 

     336,614  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

September 30, 2019

 

 

 

Investments    Shares      Value  
Hotels, Restaurants & Leisure – 4.1%

 

Hyatt Hotels Corp. Class A

     11,568      $ 852,215  

McDonald’s Corp.

     812        174,344  

Starbucks Corp.

     4,589        405,759  

Yum! Brands, Inc.

     3,285        372,618  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     1,804,936  
Household Durables – 2.9%

 

NVR, Inc.*

     119        442,365  

PulteGroup, Inc.

     7,760        283,628  

Toll Brothers, Inc.

     13,206        542,106  
     

 

 

 
Total Household Durables

 

     1,268,099  
Household Products – 0.5%

 

Clorox Co. (The)

     663        100,690  

Colgate-Palmolive Co.

     1,442        106,001  
     

 

 

 
Total Household Products

 

     206,691  
Independent Power & Renewable Electricity Producers – 2.0%

 

AES Corp.

     13,000        212,420  

NRG Energy, Inc.

     16,935        670,626  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     883,046  
Insurance – 3.7%

 

Aflac, Inc.

     3,484        182,283  

Allstate Corp. (The)

     1,860        202,145  

Fidelity National Financial, Inc.

     6,004        266,638  

Loews Corp.

     5,426        279,330  

Old Republic International Corp.

     13,001        306,433  

Primerica, Inc.

     1,295        164,763  

Progressive Corp. (The)

     2,780        214,755  
     

 

 

 
Total Insurance

 

     1,616,347  
Internet & Direct Marketing Retail – 1.3%

 

eBay, Inc.

     14,793        576,631  
IT Services – 3.8%

 

Booz Allen Hamilton Holding Corp.

     4,284        304,250  

Broadridge Financial Solutions, Inc.

     1,040        129,407  

Cognizant Technology Solutions Corp. Class A

     4,239        255,463  

DXC Technology Co.

     1,923        56,728  

Fiserv, Inc.*

     4,045        419,022  

FleetCor Technologies, Inc.*

     1,022        293,089  

Leidos Holdings, Inc.

     2,412        207,143  
     

 

 

 
Total IT Services

 

     1,665,102  
Life Sciences Tools & Services – 0.5%

 

Waters Corp.*

     1,022        228,141  
Machinery – 3.7%

 

Allison Transmission Holdings, Inc.

     7,715        362,991  

Caterpillar, Inc.

     1,975        249,462  

Cummins, Inc.

     2,942        478,575  

Oshkosh Corp.

     3,097        234,753  

Parker-Hannifin Corp.

     1,019        184,042  

Snap-on, Inc.

     714        111,769  
     

 

 

 
Total Machinery

 

     1,621,592  
Media – 1.5%

 

CBS Corp. Class B Non-Voting Shares

     2,900      117,073  

Comcast Corp. Class A

     3,747        168,915  

Omnicom Group, Inc.

     4,596        359,867  
     

 

 

 
Total Media

 

     645,855  
Metals & Mining – 2.4%

 

Nucor Corp.

     10,387        528,802  

Reliance Steel & Aluminum Co.

     3,928        391,465  

Steel Dynamics, Inc.

     4,034        120,213  
     

 

 

 
Total Metals & Mining

 

     1,040,480  
Multiline Retail – 0.3%

 

Kohl’s Corp.

     2,737        135,919  
Oil, Gas & Consumable Fuels – 4.2%

 

Cabot Oil & Gas Corp.

     7,881        138,469  

Chevron Corp.

     2,074        245,977  

ConocoPhillips

     2,340        133,333  

CVR Energy, Inc.

     8,941        393,672  

Occidental Petroleum Corp.

     2,248        99,969  

Phillips 66

     7,943        813,363  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     1,824,783  
Pharmaceuticals – 2.9%

 

Bristol-Myers Squibb Co.

     2,686        136,207  

Eli Lilly & Co.

     1,902        212,701  

Johnson & Johnson

     1,552        200,798  

Merck & Co., Inc.

     5,904        496,999  

Pfizer, Inc.

     5,795        208,214  
     

 

 

 
Total Pharmaceuticals

 

     1,254,919  
Professional Services – 0.4%

 

Robert Half International, Inc.

     2,877        160,134  
Road & Rail – 1.0%

 

CSX Corp.

     6,053        419,291  
Semiconductors & Semiconductor Equipment – 4.3%

 

Applied Materials, Inc.

     12,520        624,748  

Intel Corp.

     3,894        200,658  

Lam Research Corp.

     3,154        728,921  

Skyworks Solutions, Inc.

     4,032        319,536  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     1,873,863  
Software – 6.5%

 

CDK Global, Inc.

     17,953        863,360  

Citrix Systems, Inc.

     7,285        703,148  

Fair Isaac Corp.*

     989        300,181  

Oracle Corp.

     17,410        958,072  
     

 

 

 
Total Software

 

     2,824,761  
Specialty Retail – 5.6%

 

AutoZone, Inc.*

     577        625,826  

Best Buy Co., Inc.

     7,543        520,392  

CarMax, Inc.*

     2,646        232,848  

Foot Locker, Inc.

     3,671        158,440  

Home Depot, Inc. (The)

     998        231,556  

Lowe’s Cos., Inc.

     1,860        204,526  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

September 30, 2019

 

 

 

Investments    Shares      Value  

Ross Stores, Inc.

     1,733      $ 190,370  

TJX Cos., Inc. (The)

     5,418        301,999  
     

 

 

 
Total Specialty Retail

 

     2,465,957  
Technology Hardware, Storage & Peripherals – 2.1%

 

Apple, Inc.

     2,076        464,962  

HP, Inc.

     12,064        228,251  

NetApp, Inc.

     4,577        240,338  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     933,551  
Textiles, Apparel & Luxury Goods – 1.2%

 

Carter’s, Inc.(a)

     1,992        181,690  

NIKE, Inc. Class B

     1,891        177,603  

Ralph Lauren Corp.

     1,683        160,676  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     519,969  
Thrifts & Mortgage Finance – 0.2%

 

MGIC Investment Corp.

     7,164        90,123  
Tobacco – 0.7%

 

Altria Group, Inc.

     2,609        106,708  

Philip Morris International, Inc.

     2,516        191,040  
     

 

 

 
Total Tobacco

 

     297,748  
TOTAL COMMON STOCKS
(Cost: $39,599,958)

 

     43,627,750  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%

 

United States – 0.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(b)

     
(Cost: $56,390)(c)      56,390        56,390  

TOTAL INVESTMENTS IN SECURITIES – 100.0%

(Cost: $39,656,348)

        43,684,140  

Other Assets less Liabilities – 0.0%

 

     2,131  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 43,686,271  
*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(c) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $811,763 and the total market value of the collateral held by the Fund was $815,373. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $758,983.

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. SmallCap Dividend Fund (DES)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
United States – 99.3%

 

Aerospace & Defense – 0.6%

 

AAR Corp.

     37,302      $ 1,537,215  

Cubic Corp.

     21,158        1,490,158  

Moog, Inc. Class A

     60,860        4,936,963  

National Presto Industries, Inc.(a)

     10,114        901,056  

Park Aerospace Corp.

     64,626        1,134,833  

Triumph Group, Inc.(a)

     105,242        2,407,937  
     

 

 

 
Total Aerospace & Defense

 

     12,408,162  
Air Freight & Logistics – 0.2%

 

Forward Air Corp.

     54,081        3,446,041  
Airlines – 0.5%

 

Allegiant Travel Co.(a)

     55,288        8,274,402  

Hawaiian Holdings, Inc.(a)

     117,015        3,072,814  
     

 

 

 
Total Airlines

 

     11,347,216  
Auto Components – 1.3%

 

Cooper Tire & Rubber Co.

     96,486        2,520,214  

Dana, Inc.

     615,540        8,888,398  

LCI Industries

     140,337        12,889,953  

Standard Motor Products, Inc.

     54,618        2,651,704  

Strattec Security Corp.

     9,464        189,091  
     

 

 

 
Total Auto Components

 

     27,139,360  
Automobiles – 0.2%

 

Winnebago Industries, Inc.(a)

     94,777        3,634,698  
Banks – 7.0%

 

1st Constitution Bancorp

     4,677        87,694  

1st Source Corp.

     24,438        1,117,550  

ACNB Corp.

     9,328        319,950  

Amalgamated Bank Class A

     14,148        226,651  

American National Bankshares, Inc.

     12,805        454,193  

Ameris Bancorp

     44,849        1,804,724  

Ames National Corp.(a)

     22,010        629,706  

Arrow Financial Corp.

     19,489        650,751  

Atlantic Union Bankshares Corp.(a)

     103,285        3,846,850  

Banc of California, Inc.(a)

     88,557        1,252,196  

BancFirst Corp.

     30,642        1,698,180  

Bank First Corp.(a)

     4,947        327,392  

Bank of Commerce Holdings

     9,105        99,153  

Bank of Marin Bancorp

     12,771        529,869  

Bank of Princeton (The)(a)

     12,288        357,089  

BankFinancial Corp.

     19,909        236,917  

Bankwell Financial Group, Inc.

     11,741        322,877  

Banner Corp.

     39,628        2,225,905  

Bar Harbor Bankshares

     22,644        564,515  

BCB Bancorp, Inc.

     53,995        693,296  

Berkshire Hills Bancorp, Inc.

     77,939        2,282,833  

Boston Private Financial Holdings, Inc.

     153,218        1,785,756  

Bridge Bancorp, Inc.

     27,542        814,141  

Brookline Bancorp, Inc.

     95,055        1,400,160  

Bryn Mawr Bank Corp.

     23,275        849,770  

Business First Bancshares, Inc.

     8,044        196,274  

C&F Financial Corp.

     3,934      207,164  

Cadence BanCorp(a)

     181,571        3,184,755  

Cambridge Bancorp(a)

     1,657        124,292  

Camden National Corp.

     17,214        745,710  

Capital City Bank Group, Inc.(a)

     10,508        288,445  

Capstar Financial Holdings, Inc.

     29,275        485,379  

Carolina Financial Corp.

     2,982        105,980  

CenterState Bank Corp.

     73,640        1,766,255  

Central Pacific Financial Corp.

     36,689        1,041,968  

Central Valley Community Bancorp

     8,131        165,466  

Century Bancorp, Inc. Class A

     1,090        95,484  

Chemung Financial Corp.

     4,769        200,298  

Citizens & Northern Corp.

     24,837        652,716  

City Holding Co.

     21,490        1,638,612  

Civista Bancshares, Inc.

     11,206        243,506  

CNB Financial Corp.

     18,137        520,532  

Codorus Valley Bancorp, Inc.

     8,295        192,942  

Columbia Banking System, Inc.

     83,777        3,091,371  

Community Financial Corp. (The)

     2,531        84,713  

Community Trust Bancorp, Inc.

     25,351        1,079,446  

ConnectOne Bancorp, Inc.

     33,404        741,569  

County Bancorp, Inc.

     18,908        370,975  

DNB Financial Corp.

     1,669        74,287  

Enterprise Bancorp, Inc.

     9,152        274,377  

Enterprise Financial Services Corp.

     12,451        507,378  

Evans Bancorp, Inc.

     5,011        187,411  

Farmers National Banc Corp.

     10,339        149,709  

FB Financial Corp.(a)

     10,498        394,200  

Financial Institutions, Inc.

     21,735        655,962  

First Bancorp

     13,115        470,828  

First Bancorp, Inc.

     17,191        472,581  

First Bancshares, Inc. (The)

     2,530        81,719  

First Bank(a)

     4,692        50,814  

First Busey Corp.

     60,290        1,524,131  

First Business Financial Services, Inc.

     10,971        264,182  

First Choice Bancorp(a)

     21,594        460,384  

First Commonwealth Financial Corp.(a)

     117,656        1,562,472  

First Community Bankshares, Inc.

     21,684        701,911  

First Community Corp.

     4,950        96,426  

First Financial Bancorp(a)

     131,395        3,215,893  

First Financial Corp.

     14,340        623,360  

First Financial Northwest, Inc.

     10,336        152,766  

First Guaranty Bancshares, Inc.

     8,538        189,031  

First Internet Bancorp

     21,880        468,451  

First Interstate BancSystem, Inc. Class A

     46,641        1,876,834  

First Merchants Corp.

     59,786        2,250,046  

First Mid Bancshares, Inc.

     10,900        377,358  

First Midwest Bancorp, Inc.

     106,376        2,072,204  

First Northwest Bancorp

     24,016        415,957  

First of Long Island Corp. (The)

     47,380        1,077,895  

Flushing Financial Corp.

     54,016        1,091,393  

German American Bancorp, Inc.

     18,257        585,137  

Great Southern Bancorp, Inc.

     13,398        763,016  

Great Western Bancorp, Inc.

     71,873        2,371,809  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

September 30, 2019

 

 

 

Investments    Shares      Value  

Guaranty Bancshares, Inc.

     9,130      $ 279,287  

Hanmi Financial Corp.

     74,862        1,405,908  

Hawthorn Bancshares, Inc.(a)

     4,255        101,397  

Heartland Financial USA, Inc.

     16,346        731,320  

Heritage Commerce Corp.(a)

     51,686        607,569  

Heritage Financial Corp.

     33,745        909,765  

Hilltop Holdings, Inc.

     70,385        1,681,498  

Hope Bancorp, Inc.(a)

     263,809        3,783,021  

Horizon Bancorp, Inc.

     38,592        669,957  

Independent Bank Corp.

     64,632        3,216,836  

Independent Bank Group, Inc.

     31,416        1,652,796  

International Bancshares Corp.

     65,761        2,539,690  

Lakeland Bancorp, Inc.

     66,411        1,024,722  

Lakeland Financial Corp.(a)

     27,141        1,193,661  

LCNB Corp.

     45,440        806,106  

LegacyTexas Financial Group, Inc.

     50,911        2,216,156  

Level One Bancorp, Inc.

     9,373        226,077  

Live Oak Bancshares, Inc.

     22,646        409,893  

Macatawa Bank Corp.

     33,634        349,457  

Mercantile Bank Corp.

     19,905        652,884  

Mid Penn Bancorp, Inc.

     12,305        315,377  

Middlefield Banc Corp.

     3,616        169,410  

Midland States Bancorp, Inc.

     49,009        1,276,684  

MidWestOne Financial Group, Inc.

     31,192        951,980  

MutualFirst Financial, Inc.

     7,100        223,792  

National Bank Holdings Corp. Class A

     26,171        894,786  

National Bankshares, Inc.

     1,818        72,811  

NBT Bancorp, Inc.

     52,290        1,913,291  

Northrim BanCorp, Inc.

     9,145        362,782  

Norwood Financial Corp.

     8,420        266,156  

Old Line Bancshares, Inc.

     8,619        250,037  

Old National Bancorp(a)

     202,354        3,481,501  

Old Point Financial Corp.

     3,694        87,806  

Old Second Bancorp, Inc.

     6,044        73,858  

Opus Bank

     45,688        994,628  

Origin Bancorp, Inc.(a)

     5,665        191,137  

Orrstown Financial Services, Inc.

     21,242        465,200  

Park National Corp.(a)

     29,113        2,760,204  

Parke Bancorp, Inc.

     9,482        210,690  

Peapack Gladstone Financial Corp.(a)

     5,253        147,242  

Penns Woods Bancorp, Inc.

     10,000        462,500  

People’s Utah Bancorp

     4,161        117,715  

Peoples Bancorp of North Carolina, Inc.

     4,003        118,929  

Peoples Bancorp, Inc.

     26,309        836,889  

Peoples Financial Services Corp.

     9,938        450,092  

Plumas Bancorp(a)

     2,964        59,873  

Preferred Bank

     15,080        789,890  

Premier Financial Bancorp, Inc.

     19,569        336,000  

QCR Holdings, Inc.

     3,523        133,804  

RBB Bancorp

     12,252        241,242  

Reliant Bancorp, Inc.

     4,299        103,090  

Renasant Corp.

     64,274        2,250,233  

Republic Bancorp, Inc. Class A

     21,182        920,358  

S&T Bancorp, Inc.(a)

     38,812        1,417,802  

Sandy Spring Bancorp, Inc.

     50,221      1,692,950  

SB One Bancorp

     2,570        57,979  

ServisFirst Bancshares, Inc.

     28,511        945,140  

Shore Bancshares, Inc.

     7,974        122,879  

Sierra Bancorp

     17,728        470,856  

Simmons First National Corp. Class A(a)

     92,503        2,303,325  

South State Corp.(a)

     38,664        2,911,399  

Southern National Bancorp of Virginia, Inc.(a)

     25,876        398,232  

Southside Bancshares, Inc.(a)

     54,234        1,849,922  

Stock Yards Bancorp, Inc.

     34,006        1,247,680  

Summit Financial Group, Inc.

     10,090        258,304  

Tompkins Financial Corp.(a)

     18,406        1,493,279  

Towne Bank

     73,398        2,040,831  

TriCo Bancshares

     25,920        940,896  

Trustmark Corp.(a)

     89,060        3,037,837  

Two River Bancorp

     4,101        85,137  

Union Bankshares, Inc.(a)

     5,730        180,839  

United Community Banks, Inc.(a)

     95,547        2,708,757  

Unity Bancorp, Inc.

     6,160        136,444  

Univest Financial Corp.

     39,396        1,004,992  

Washington Trust Bancorp, Inc.

     26,206        1,266,012  

WesBanco, Inc.(a)

     69,014        2,579,053  

West Bancorporation, Inc.

     43,872        953,777  

Westamerica Bancorporation(a)

     30,758        1,912,532  
     

 

 

 
Total Banks

 

     145,666,733  
Beverages – 0.1%

 

Coca-Cola Consolidated, Inc.

     5,592        1,699,241  

MGP Ingredients, Inc.(a)

     13,550        673,164  
     

 

 

 
Total Beverages

 

     2,372,405  
Building Products – 1.4%

 

AAON, Inc.(a)

     67,276        3,090,660  

Advanced Drainage Systems, Inc.

     106,442        3,434,883  

Apogee Enterprises, Inc.

     79,733        3,108,790  

Griffon Corp.(a)

     191,255        4,010,617  

Insteel Industries, Inc.

     15,083        309,654  

Quanex Building Products Corp.

     120,351        2,175,946  

Simpson Manufacturing Co., Inc.

     110,213        7,645,476  

Universal Forest Products, Inc.

     122,240        4,874,931  
     

 

 

 
Total Building Products

 

     28,650,957  
Capital Markets – 2.3%

 

Ares Management Corp. Class A

     219,117        5,874,527  

Artisan Partners Asset Management, Inc. Class A

     234,672        6,627,137  

Associated Capital Group, Inc. Class A(a)

     907        32,280  

B. Riley Financial, Inc.

     25,001        590,524  

Cohen & Steers, Inc.(a)

     71,040        3,902,227  

Diamond Hill Investment Group, Inc.

     6,166        851,710  

Federated Investors, Inc. Class B

     182,497        5,914,728  

GAIN Capital Holdings, Inc.(a)

     73,591        388,560  

GAMCO Investors, Inc. Class A(a)

     5,224        102,129  

Greenhill & Co., Inc.(a)

     16,556        217,215  

Hamilton Lane, Inc. Class A

     26,393        1,503,345  

Houlihan Lokey, Inc.

     39,964        1,802,376  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

September 30, 2019

 

 

 

Investments    Shares      Value  

Ladenburg Thalmann Financial Services, Inc.

     120,453      $ 285,474  

Legg Mason, Inc.

     192,535        7,352,912  

Moelis & Co. Class A

     94,793        3,113,950  

Oppenheimer Holdings, Inc. Class A

     12,464        374,668  

Piper Jaffray Cos.

     13,758        1,038,454  

PJT Partners, Inc. Class A

     4,316        175,661  

Pzena Investment Management, Inc. Class A

     11,536        102,901  

Silvercrest Asset Management Group, Inc. Class A

     15,577        191,597  

Virtu Financial, Inc. Class A(a)

     161,754        2,646,295  

Virtus Investment Partners, Inc.(a)

     8,989        993,914  

Waddell & Reed Financial, Inc. Class A

     167,578        2,878,990  

Westwood Holdings Group, Inc.

     29,266        809,790  
     

 

 

 
Total Capital Markets

 

     47,771,364  
Chemicals – 4.1%

 

Advanced Emissions Solutions, Inc.(a)

     276,645        4,105,412  

American Vanguard Corp.

     19,026        298,708  

Balchem Corp.

     24,865        2,466,359  

Cabot Corp.(a)

     262,400        11,891,968  

Chase Corp.

     11,049        1,208,650  

FutureFuel Corp.

     98,486        1,175,923  

H.B. Fuller Co.(a)

     112,136        5,221,052  

Hawkins, Inc.

     33,952        1,442,960  

Innophos Holdings, Inc.

     224,588        7,290,127  

Innospec, Inc.

     48,268        4,302,610  

Kronos Worldwide, Inc.(a)

     1,031,776        12,763,069  

Minerals Technologies, Inc.(a)

     20,709        1,099,441  

PolyOne Corp.

     314,765        10,277,077  

Quaker Chemical Corp.

     17,669        2,794,176  

Sensient Technologies Corp.(a)

     152,973        10,501,596  

Stepan Co.

     42,321        4,107,676  

Tredegar Corp.

     131,855        2,573,810  

Valhi, Inc.

     999,030        1,898,157  
     

 

 

 
Total Chemicals

 

     85,418,771  
Commercial Services & Supplies – 6.6%

 

ABM Industries, Inc.

     258,421        9,385,851  

ACCO Brands Corp.

     528,689        5,218,160  

Brady Corp. Class A

     146,520        7,772,886  

Covanta Holding Corp.

     1,223,722        21,158,153  

Deluxe Corp.(a)

     195,438        9,607,732  

Ennis, Inc.

     189,161        3,822,944  

Herman Miller, Inc.

     219,346        10,109,657  

HNI Corp.

     211,222        7,498,381  

Interface, Inc.

     154,039        2,224,323  

Kimball International, Inc. Class B

     112,746        2,175,998  

Knoll, Inc.

     244,374        6,194,881  

Matthews International Corp. Class A(a)

     90,969        3,219,393  

McGrath RentCorp

     91,779        6,386,901  

Mobile Mini, Inc.

     200,595        7,393,932  

Pitney Bowes, Inc.(a)

     3,057,459        13,972,588  

Quad/Graphics, Inc.(a)

     506,831        5,326,794  

RR Donnelley & Sons Co.(a)

     250,557        944,600  

Steelcase, Inc. Class A

     474,350        8,728,040  

U.S. Ecology, Inc.(a)

     40,994      2,621,156  

UniFirst Corp.

     7,097        1,384,767  

Viad Corp.

     24,009        1,612,204  

VSE Corp.

     18,425        628,108  
     

 

 

 
Total Commercial Services & Supplies

 

     137,387,449  
Communications Equipment – 0.7%

 

ADTRAN, Inc.

     226,601        2,570,788  

Comtech Telecommunications Corp.

     58,855        1,912,788  

InterDigital, Inc.

     98,611        5,174,119  

Plantronics, Inc.(a)

     94,847        3,539,690  

TESSCO Technologies, Inc.

     80,388        1,155,176  
     

 

 

 
Total Communications Equipment

 

     14,352,561  
Construction & Engineering – 0.7%

 

Argan, Inc.(a)

     56,084        2,203,540  

Comfort Systems USA, Inc.

     42,939        1,899,192  

Granite Construction, Inc.

     86,797        2,788,788  

Primoris Services Corp.

     75,147        1,473,633  

Valmont Industries, Inc.

     41,593        5,758,135  
     

 

 

 
Total Construction & Engineering

 

     14,123,288  
Construction Materials – 0.0%

 

United States Lime & Minerals, Inc.

     6,508        497,862  
Consumer Finance – 0.5%

 

Navient Corp.

     717,259        9,180,915  

Nelnet, Inc. Class A(a)

     18,003        1,144,991  
     

 

 

 
Total Consumer Finance

 

     10,325,906  
Containers & Packaging – 1.1%

 

Greif, Inc. Class A

     149,690        5,671,754  

Greif, Inc. Class B

     76,842        3,500,922  

Myers Industries, Inc.

     175,839        3,103,558  

Owens-Illinois, Inc.(a)

     264,100        2,712,307  

Silgan Holdings, Inc.

     256,938        7,717,133  
     

 

 

 
Total Containers & Packaging

 

     22,705,674  
Distributors – 0.2%

 

Core-Mark Holding Co., Inc.

     117,141        3,761,983  

Weyco Group, Inc.

     42,609        963,390  
     

 

 

 
Total Distributors

 

     4,725,373  
Diversified Consumer Services – 0.6%

 

Carriage Services, Inc.

     51,272        1,048,000  

Collectors Universe, Inc.

     81,808        2,329,892  

Graham Holdings Co. Class B

     5,051        3,351,086  

Strategic Education, Inc.

     48,978        6,655,130  
     

 

 

 
Total Diversified Consumer Services

 

     13,384,108  
Diversified Financial Services – 0.0%

 

Marlin Business Services Corp.

     15,779        397,473  
Diversified Telecommunication Services – 1.0%

 

ATN International, Inc.

     19,847        1,158,469  

Cogent Communications Holdings, Inc.(a)

     324,338        17,871,024  

IDT Corp. Class B*

     161,592        1,701,564  
     

 

 

 
Total Diversified Telecommunication Services

 

     20,731,057  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

September 30, 2019

 

 

 

Investments    Shares      Value  
Electric Utilities – 1.5%

 

El Paso Electric Co.

     156,504      $ 10,498,288  

Genie Energy Ltd. Class B(a)

     190,264        1,419,370  

MGE Energy, Inc.

     102,760        8,207,441  

Otter Tail Corp.

     161,145        8,661,544  

Spark Energy, Inc. Class A(a)

     151,847        1,601,986  
     

 

 

 
Total Electric Utilities

 

     30,388,629  
Electrical Equipment – 0.3%

 

Allied Motion Technologies, Inc.

     4,789        169,100  

AZZ, Inc.

     59,279        2,582,193  

Encore Wire Corp.

     5,667        318,939  

LSI Industries, Inc.

     224,748        1,173,184  

Powell Industries, Inc.

     65,959        2,582,295  

Preformed Line Products Co.

     9,250        504,957  
     

 

 

 
Total Electrical Equipment

 

     7,330,668  
Electronic Equipment, Instruments & Components – 1.9%

 

AVX Corp.(a)

     725,150        11,022,280  

Badger Meter, Inc.(a)

     49,819        2,675,280  

Bel Fuse, Inc. Class B

     17,818        267,805  

Belden, Inc.(a)

     28,642        1,527,764  

Benchmark Electronics, Inc.

     176,459        5,127,899  

CTS Corp.

     28,876        934,427  

Daktronics, Inc.

     215,989        1,595,079  

KEMET Corp.(a)

     92,588        1,683,250  

Methode Electronics, Inc.

     105,376        3,544,849  

MTS Systems Corp.

     69,314        3,829,598  

PC Connection, Inc.

     43,300        1,684,370  

Vishay Intertechnology, Inc.

     349,901        5,923,824  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     39,816,425  
Energy Equipment & Services – 0.8%

 

Archrock, Inc.

     1,151,636        11,481,811  

DMC Global, Inc.

     9,103        400,350  

Liberty Oilfield Services, Inc. Class A(a)

     133,133        1,441,830  

U.S. Silica Holdings, Inc.(a)

     261,337        2,498,382  
     

 

 

 
Total Energy Equipment & Services

 

     15,822,373  
Entertainment – 0.3%

 

AMC Entertainment Holdings, Inc. Class A(a)

     408,896        4,375,187  

Marcus Corp. (The)

     50,231        1,859,049  
     

 

 

 
Total Entertainment

 

     6,234,236  
Equity Real Estate Investment Trusts (REITs) – 13.1%

 

Acadia Realty Trust

     137,439        3,928,007  

Agree Realty Corp.(a)

     52,824        3,864,076  

Alexander’s, Inc.

     12,193        4,248,163  

American Assets Trust, Inc.

     54,876        2,564,904  

American Finance Trust, Inc.(a)

     276,699        3,862,718  

Armada Hoffler Properties, Inc.

     104,008        1,881,505  

Ashford Hospitality Trust, Inc.

     512,553        1,696,550  

Bluerock Residential Growth REIT, Inc.

     94,095        1,107,498  

Braemar Hotels & Resorts, Inc.

     86,984        816,780  

Brandywine Realty Trust

     391,689        5,934,088  

Brookfield Property REIT, Inc. Class A(a)

     400,676        8,169,784  

BRT Apartments Corp.

     49,651        723,912  

CareTrust REIT, Inc.

     138,166      3,247,592  

CatchMark Timber Trust, Inc. Class A(a)

     192,349        2,052,364  

Cedar Realty Trust, Inc.

     133,205        399,615  

Chatham Lodging Trust

     126,150        2,289,623  

CIM Commercial Trust Corp.(a)

     9,114        141,267  

Clipper Realty, Inc.(a)

     32,807        334,303  

Columbia Property Trust, Inc.

     184,420        3,900,483  

Community Healthcare Trust, Inc.(a)

     49,233        2,193,330  

Condor Hospitality Trust, Inc.

     45,357        501,195  

CoreCivic, Inc.

     395,819        6,839,752  

CorEnergy Infrastructure Trust, Inc.(a)

     49,120        2,319,446  

CorePoint Lodging, Inc.

     176,519        1,784,607  

Corporate Office Properties Trust

     224,922        6,698,177  

DiamondRock Hospitality Co.

     448,507        4,597,197  

Easterly Government Properties, Inc.(a)

     143,325        3,052,823  

Empire State Realty Trust, Inc. Class A(a)

     189,650        2,706,306  

Essential Properties Realty Trust, Inc.

     117,247        2,686,129  

Farmland Partners, Inc.

     10,295        68,771  

Four Corners Property Trust, Inc.

     119,352        3,375,275  

Franklin Street Properties Corp.(a)

     200,210        1,693,777  

GEO Group, Inc. (The)

     421,637        7,311,186  

Getty Realty Corp.

     87,868        2,817,048  

Gladstone Commercial Corp.

     102,948        2,419,278  

Gladstone Land Corp.(a)

     27,024        321,450  

Global Medical REIT, Inc.(a)

     98,903        1,127,494  

Global Net Lease, Inc.

     338,729        6,605,215  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

     133,008        3,877,183  

Hersha Hospitality Trust

     95,412        1,419,731  

Independence Realty Trust, Inc.

     283,866        4,062,122  

Industrial Logistics Properties Trust(a)

     392,237        8,335,036  

Innovative Industrial Properties, Inc.

     10,839        1,001,198  

Investors Real Estate Trust

     30,499        2,277,360  

iStar, Inc.(a)

     112,636        1,469,900  

Jernigan Capital, Inc.

     52,589        1,012,338  

Kite Realty Group Trust(a)

     259,615        4,192,782  

Lexington Realty Trust

     803,522        8,236,100  

LTC Properties, Inc.

     84,276        4,316,617  

Mack-Cali Realty Corp.

     140,296        3,038,811  

Monmouth Real Estate Investment Corp.

     180,573        2,602,057  

National Storage Affiliates Trust

     101,641        3,391,760  

New Senior Investment Group, Inc.(a)

     371,793        2,483,577  

NexPoint Residential Trust, Inc.

     38,100        1,781,556  

Office Properties Income Trust(a)

     253,218        7,758,600  

One Liberty Properties, Inc.

     66,381        1,827,469  

Outfront Media, Inc.(a)

     429,481        11,930,982  

Pebblebrook Hotel Trust

     132,352        3,682,033  

Pennsylvania Real Estate Investment Trust(a)

     315,305        1,803,545  

Piedmont Office Realty Trust, Inc. Class A

     249,531        5,210,207  

PotlatchDeltic Corp.(a)

     126,602        5,201,443  

Preferred Apartment Communities, Inc. Class A(a)

     126,872        1,833,300  

QTS Realty Trust, Inc. Class A(a)

     87,002        4,472,773  

Retail Opportunity Investments Corp.(a)

     200,553        3,656,081  

Retail Properties of America, Inc. Class A

     465,303        5,732,533  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

September 30, 2019

 

 

 

Investments    Shares      Value  

RPT Realty

     204,144      $ 2,766,151  

Safehold, Inc.

     32,892        1,003,206  

Saul Centers, Inc.

     38,798        2,114,879  

SITE Centers Corp.(a)

     481,116        7,269,663  

STAG Industrial, Inc.

     246,990        7,281,265  

Summit Hotel Properties, Inc.(a)

     311,042        3,608,087  

Tanger Factory Outlet Centers, Inc.(a)

     229,694        3,555,663  

Terreno Realty Corp.

     65,409        3,341,746  

UMH Properties, Inc.

     91,462        1,287,785  

Universal Health Realty Income Trust(a)

     24,937        2,563,524  

Urban Edge Properties

     222,377        4,400,841  

Urstadt Biddle Properties, Inc. Class A

     75,817        1,796,863  

Washington Prime Group, Inc.(a)

     927,903        3,841,518  

Washington Real Estate Investment Trust(a)

     153,005        4,186,217  

Whitestone REIT

     144,267        1,985,114  

Xenia Hotels & Resorts, Inc.

     262,334        5,540,494  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     273,431,798  
Food & Staples Retailing – 0.7%

 

Andersons, Inc. (The)

     82,551        1,851,619  

Ingles Markets, Inc. Class A(a)

     44,356        1,723,674  

PriceSmart, Inc.(a)

     50,128        3,564,101  

SpartanNash Co.

     207,697        2,457,056  

Village Super Market, Inc. Class A

     57,790        1,528,545  

Weis Markets, Inc.(a)

     104,520        3,986,393  
     

 

 

 
Total Food & Staples Retailing

 

     15,111,388  
Food Products – 1.5%

 

Alico, Inc.

     11,268        383,337  

B&G Foods, Inc.(a)

     585,785        11,077,194  

Calavo Growers, Inc.(a)

     30,526        2,905,465  

J&J Snack Foods Corp.(a)

     31,733        6,092,736  

John B. Sanfilippo & Son, Inc.

     11,786        1,138,528  

Limoneira Co.

     30,599        561,798  

Sanderson Farms, Inc.

     42,926        6,495,992  

Tootsie Roll Industries, Inc.

     59,838        2,222,383  
     

 

 

 
Total Food Products

 

     30,877,433  
Gas Utilities – 1.3%

 

Chesapeake Utilities Corp.

     40,947        3,903,068  

Northwest Natural Holding Co.(a)

     117,565        8,387,087  

RGC Resources, Inc.

     13,771        402,664  

South Jersey Industries, Inc.(a)

     468,244        15,409,910  
     

 

 

 
Total Gas Utilities

 

     28,102,729  
Health Care Equipment & Supplies – 0.5%

 

Atrion Corp.(a)

     2,434        1,896,500  

CONMED Corp.(a)

     55,930        5,377,669  

Invacare Corp.

     48,793        365,947  

LeMaitre Vascular, Inc.(a)

     24,705        844,417  

Mesa Laboratories, Inc.(a)

     3,222        766,095  

Utah Medical Products, Inc.

     6,203        594,496  
     

 

 

 
Total Health Care Equipment & Supplies

 

     9,845,124  
Health Care Providers & Services – 1.3%

 

Ensign Group, Inc. (The)

     36,678        1,739,637  

National HealthCare Corp.

     53,614        4,388,306  

National Research Corp.

     69,097        3,990,352  

Owens & Minor, Inc.(a)

     412,244      2,395,138  

Patterson Cos., Inc.

     655,585        11,682,525  

U.S. Physical Therapy, Inc.(a)

     18,230        2,379,926  
     

 

 

 
Total Health Care Providers & Services

 

     26,575,884  
Health Care Technology – 0.1%

 

Computer Programs & Systems, Inc.

     32,716        739,709  

Simulations Plus, Inc.

     27,214        944,326  
     

 

 

 
Total Health Care Technology

 

     1,684,035  
Hotels, Restaurants & Leisure – 2.9%

 

BBX Capital Corp.

     54,928        256,514  

BJ’s Restaurants, Inc.(a)

     30,841        1,197,864  

Bloomin’ Brands, Inc.(a)

     261,045        4,941,582  

Bluegreen Vacations Corp.(a)

     468,413        4,365,609  

Boyd Gaming Corp.(a)

     164,010        3,928,039  

Brinker International, Inc.(a)

     176,254        7,520,758  

Cheesecake Factory, Inc. (The)(a)

     193,787        8,077,042  

Dave & Buster’s Entertainment, Inc.

     73,473        2,861,773  

Dine Brands Global, Inc.(a)

     78,845        5,981,182  

International Speedway Corp. Class A

     39,480        1,776,995  

Jack in the Box, Inc.(a)

     74,313        6,771,401  

Nathan’s Famous, Inc.

     6,387        458,906  

Papa John’s International, Inc.(a)

     91,409        4,785,261  

RCI Hospitality Holdings, Inc.

     8,854        183,101  

Red Rock Resorts, Inc. Class A(a)

     179,225        3,639,164  

Ruth’s Hospitality Group, Inc.(a)

     84,547        1,726,027  

Wingstop, Inc.(a)

     25,147        2,194,830  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     60,666,048  
Household Durables – 1.8%

 

Bassett Furniture Industries, Inc.

     48,863        747,604  

Ethan Allen Interiors, Inc.

     161,416        3,083,046  

Flexsteel Industries, Inc.

     52,942        784,600  

Hamilton Beach Brands Holding Co. Class A(a)

     18,438        298,142  

Hooker Furniture Corp.

     35,008        750,572  

KB Home

     68,551        2,330,734  

La-Z-Boy, Inc.

     137,897        4,631,960  

Lifetime Brands, Inc.

     26,499        234,516  

MDC Holdings, Inc.(a)

     388,316        16,736,420  

Tupperware Brands Corp.(a)

     535,067        8,491,513  
     

 

 

 
Total Household Durables

 

     38,089,107  
Household Products – 1.4%

 

Energizer Holdings, Inc.(a)

     205,770        8,967,456  

Oil-Dri Corp. of America

     27,760        945,506  

Spectrum Brands Holdings, Inc.(a)

     290,944        15,338,568  

WD-40 Co.(a)

     25,538        4,687,244  
     

 

 

 
Total Household Products

 

     29,938,774  
Independent Power & Renewable Electricity Producers – 4.4%

 

Clearway Energy, Inc. Class A

     382,595        6,634,197  

Clearway Energy, Inc. Class C(a)

     766,420        13,987,165  

Ormat Technologies, Inc.(a)

     54,027        4,013,666  

Pattern Energy Group, Inc. Class A(a)

     1,161,181        31,270,604  

TerraForm Power, Inc. Class A(a)

     2,020,098        36,816,286  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     92,721,918  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

September 30, 2019

 

 

 

Investments    Shares      Value  
Industrial Conglomerates – 0.1%

 

Raven Industries, Inc.

     77,199      $ 2,583,079  
Insurance – 0.9%

 

AMERISAFE, Inc.(a)

     11,098        733,689  

Crawford & Co. Class A(a)

     46,562        506,595  

Crawford & Co. Class B

     21,150        213,404  

Donegal Group, Inc. Class A

     37,040        543,006  

Employers Holdings, Inc.

     21,228        925,116  

FBL Financial Group, Inc. Class A

     26,212        1,559,876  

FedNat Holding Co.

     6,055        84,710  

HCI Group, Inc.(a)

     15,530        652,881  

Heritage Insurance Holdings, Inc.(a)

     22,973        343,446  

Horace Mann Educators Corp.

     52,093        2,413,469  

Independence Holding Co.

     3,278        126,498  

Investors Title Co.

     884        141,528  

Kingstone Cos., Inc.

     8,756        74,601  

Kinsale Capital Group, Inc.(a)

     7,156        739,286  

National Western Life Group, Inc. Class A

     314        84,268  

ProAssurance Corp.

     71,102        2,863,278  

Protective Insurance Corp. Class B

     17,595        307,033  

Safety Insurance Group, Inc.

     26,999        2,735,809  

State Auto Financial Corp.

     31,111        1,007,685  

Stewart Information Services Corp.

     28,480        1,104,739  

Tiptree, Inc.

     27,979        203,687  

United Fire Group, Inc.

     23,507        1,104,359  

United Insurance Holdings Corp.

     11,654        163,040  

Universal Insurance Holdings, Inc.

     28,364        850,636  
     

 

 

 
Total Insurance

 

     19,482,639  
Internet & Direct Marketing Retail – 0.1%

 

PetMed Express, Inc.(a)

     143,317        2,582,572  
IT Services – 2.4%

 

Cass Information Systems, Inc.

     32,151        1,735,832  

CSG Systems International, Inc.(a)

     121,705        6,289,714  

Hackett Group, Inc. (The)

     81,244        1,337,276  

KBR, Inc.

     408,637        10,027,952  

ManTech International Corp. Class A

     69,669        4,975,063  

NIC, Inc.

     249,841        5,159,217  

Presidio, Inc.(a)

     138,727        2,344,486  

Science Applications International Corp.

     111,636        9,751,405  

Switch, Inc. Class A(a)

     66,380        1,036,856  

TTEC Holdings, Inc.

     139,627        6,685,341  
     

 

 

 
Total IT Services

 

     49,343,142  
Leisure Products – 0.6%

 

Acushnet Holdings Corp.(a)

     255,409        6,742,798  

Callaway Golf Co.(a)

     33,736        654,816  

Clarus Corp.(a)

     38,471        451,072  

Escalade, Inc.(a)

     62,411        679,656  

Johnson Outdoors, Inc. Class A

     11,551        676,426  

Marine Products Corp.

     108,549        1,537,054  

Sturm Ruger & Co., Inc.(a)

     38,749        1,618,158  
     

 

 

 
Total Leisure Products

 

     12,359,980  
Life Sciences Tools & Services – 0.1%

 

Luminex Corp.

     59,937      1,237,699  
Machinery – 4.4%

 

Actuant Corp. Class A

     15,863        348,034  

Alamo Group, Inc.

     9,607        1,130,936  

Albany International Corp. Class A

     47,813        4,310,820  

Altra Industrial Motion Corp.

     242,155        6,706,483  

Astec Industries, Inc.

     48,877        1,520,075  

Briggs & Stratton Corp.

     263,203        1,595,010  

Columbus McKinnon Corp.

     21,776        793,300  

Douglas Dynamics, Inc.

     96,781        4,313,529  

Eastern Co. (The)

     16,904        419,557  

EnPro Industries, Inc.

     46,015        3,158,930  

ESCO Technologies, Inc.

     23,037        1,832,824  

Federal Signal Corp.

     135,163        4,425,237  

Franklin Electric Co., Inc.

     78,928        3,773,548  

Gorman-Rupp Co. (The)

     61,197        2,129,044  

Graham Corp.

     30,580        607,319  

Greenbrier Cos., Inc. (The)(a)

     110,997        3,343,230  

Helios Technologies, Inc.

     43,469        1,763,537  

Hillenbrand, Inc.(a)

     188,066        5,807,478  

Hurco Cos., Inc.

     10,224        328,906  

Hyster-Yale Materials Handling, Inc.

     35,275        1,930,601  

John Bean Technologies Corp.

     25,811        2,566,388  

Kadant, Inc.

     15,457        1,356,970  

Lindsay Corp.(a)

     21,612        2,006,674  

Miller Industries, Inc.

     42,158        1,403,861  

Mueller Industries, Inc.

     139,409        3,998,250  

Mueller Water Products, Inc. Class A

     458,527        5,153,844  

NN, Inc.(a)

     294,387        2,098,979  

Omega Flex, Inc.(a)

     24,794        2,535,187  

Park-Ohio Holdings Corp.

     24,669        736,616  

REV Group, Inc.(a)

     219,135        2,504,713  

Spartan Motors, Inc.

     83,109        1,140,255  

Standex International Corp.

     19,536        1,424,956  

Tennant Co.(a)

     42,182        2,982,267  

Terex Corp.(a)

     150,671        3,912,926  

Titan International, Inc.

     60,250        162,675  

Wabash National Corp.

     195,697        2,839,563  

Watts Water Technologies, Inc. Class A

     47,184        4,422,556  
     

 

 

 
Total Machinery

 

     91,485,078  
Marine – 0.3%

 

Matson, Inc.(a)

     149,781        5,618,285  
Media – 4.0%

 

Emerald Expositions Events, Inc.

     260,302        2,532,739  

Entercom Communications Corp. Class A(a)

     1,120,286        3,741,755  

Entravision Communications Corp. Class A

     697,684        2,218,635  

EW Scripps Co. (The) Class A(a)

     118,959        1,579,776  

Gannett Co., Inc.(a)

     1,064,132        11,428,778  

John Wiley & Sons, Inc. Class A

     186,916        8,213,089  

Meredith Corp.(a)

     237,935        8,722,697  

National CineMedia, Inc.(a)

     1,079,973        8,855,779  

New Media Investment Group, Inc.(a)

     1,087,083        9,577,201  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

September 30, 2019

 

 

 

Investments    Shares      Value  

Saga Communications, Inc. Class A

     22,252      $ 661,997  

Scholastic Corp.

     65,233        2,463,198  

Sinclair Broadcast Group, Inc. Class A

     294,707        12,595,777  

TEGNA, Inc.(a)

     703,748        10,929,206  
     

 

 

 
Total Media

 

     83,520,627  
Metals & Mining – 2.6%

 

Carpenter Technology Corp.

     147,648        7,627,496  

Commercial Metals Co.

     475,943        8,271,889  

Compass Minerals International, Inc.(a)

     309,381        17,476,933  

Gold Resource Corp.(a)

     56,739        173,054  

Haynes International, Inc.

     54,805        1,964,211  

Hecla Mining Co.(a)

     411,305        723,897  

Kaiser Aluminum Corp.

     58,668        5,806,372  

Materion Corp.

     26,688        1,637,576  

Olympic Steel, Inc.

     7,845        112,968  

Schnitzer Steel Industries, Inc. Class A(a)

     117,819        2,434,140  

Synalloy Corp.

     17,343        276,621  

Worthington Industries, Inc.

     212,803        7,671,548  
     

 

 

 
Total Metals & Mining

 

     54,176,705  
Mortgage Real Estate Investment Trusts (REITs) – 0.1%

 

Arlington Asset Investment Corp. Class A(a)

     219,630        1,205,769  
Multi-Utilities – 0.2%

 

Unitil Corp.

     61,473        3,899,847  
Multiline Retail – 0.4%

 

Big Lots, Inc.(a)

     244,314        5,985,693  

Dillard’s, Inc. Class A(a)

     21,841        1,443,908  
     

 

 

 
Total Multiline Retail

 

     7,429,601  
Oil, Gas & Consumable Fuels – 1.9%

 

Adams Resources & Energy, Inc.

     14,980        464,380  

Arch Coal, Inc. Class A(a)

     51,718        3,837,476  

Berry Petroleum Corp.(a)

     542,106        5,074,112  

Evolution Petroleum Corp.

     263,342        1,537,917  

Hallador Energy Co.

     133,246        482,350  

NACCO Industries, Inc. Class A

     13,515        863,744  

Panhandle Oil and Gas, Inc. Class A

     20,998        293,552  

SemGroup Corp. Class A

     1,342,105        21,929,996  

SM Energy Co.

     102,146        989,795  

World Fuel Services Corp.

     105,040        4,195,297  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     39,668,619  
Paper & Forest Products – 1.8%

 

Boise Cascade Co.

     86,540        2,820,339  

Domtar Corp.

     410,443        14,697,964  

Neenah, Inc.

     67,539        4,398,140  

PH Glatfelter Co.

     300,355        4,622,463  

Schweitzer-Mauduit International, Inc.

     291,546        10,915,482  
     

 

 

 
Total Paper & Forest Products

 

     37,454,388  
Personal Products – 0.4%

 

Inter Parfums, Inc.

     89,049        6,230,758  

Medifast, Inc.(a)

     25,920        2,686,090  

Natural Health Trends Corp.(a)

     53,124        376,118  
     

 

 

 
Total Personal Products

 

     9,292,966  
Pharmaceuticals – 0.0%

 

Phibro Animal Health Corp. Class A

     40,963      873,741  
Professional Services – 1.2%

 

Barrett Business Services, Inc.

     17,356        1,541,560  

BG Staffing, Inc.(a)

     81,213        1,551,980  

CRA International, Inc.

     21,663        909,196  

Exponent, Inc.

     88,191        6,164,551  

Heidrick & Struggles International, Inc.

     45,016        1,228,937  

ICF International, Inc.

     22,245        1,879,035  

Kelly Services, Inc. Class A

     73,024        1,768,641  

Kforce, Inc.

     91,031        3,444,158  

Korn Ferry

     77,070        2,977,985  

Navigant Consulting, Inc.

     51,600        1,442,220  

Resources Connection, Inc.(a)

     159,429        2,708,699  
     

 

 

 
Total Professional Services

 

     25,616,962  
Real Estate Management & Development – 0.5%

 

Consolidated-Tomoka Land Co.(a)

     532        34,899  

Griffin Industrial Realty, Inc.

     3,136        119,011  

Kennedy-Wilson Holdings, Inc.

     252,898        5,543,524  

Newmark Group, Inc. Class A

     241,100        2,184,366  

RE/MAX Holdings, Inc. Class A(a)

     25,956        834,745  

Realogy Holdings Corp.(a)

     118,858        793,972  

RMR Group, Inc. (The) Class A(a)

     14,552        661,825  
     

 

 

 
Total Real Estate Management & Development

 

     10,172,342  
Road & Rail – 0.6%

 

ArcBest Corp.(a)

     37,356        1,137,490  

Heartland Express, Inc.

     50,103        1,077,716  

Marten Transport Ltd.

     45,567        946,882  

Schneider National, Inc. Class B(a)

     171,711        3,729,563  

Universal Logistics Holdings, Inc.

     88,941        2,070,547  

Werner Enterprises, Inc.

     123,668        4,365,480  
     

 

 

 
Total Road & Rail

 

     13,327,678  
Semiconductors & Semiconductor Equipment – 0.9%

 

Brooks Automation, Inc.

     157,940        5,848,518  

Cohu, Inc.(a)

     84,703        1,143,914  

NVE Corp.

     29,131        1,932,842  

Power Integrations, Inc.

     44,455        4,020,065  

Xperi Corp.

     323,032        6,680,302  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     19,625,641  
Software – 1.1%

 

American Software, Inc. Class A

     182,540        2,741,751  

Ebix, Inc.(a)

     31,462        1,324,550  

Monotype Imaging Holdings, Inc.

     165,065        3,269,938  

Progress Software Corp.

     115,509        4,396,272  

QAD, Inc. Class A

     20,816        961,283  

TiVo Corp.

     1,326,768        10,103,338  
     

 

 

 
Total Software

 

     22,797,132  
Specialty Retail – 4.8%

 

Abercrombie & Fitch Co. Class A(a)

     407,963        6,364,223  

Bed Bath & Beyond, Inc.(a)

     1,096,480        11,666,547  

Buckle, Inc. (The)

     375,759        7,740,635  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

September 30, 2019

 

 

 

Investments    Shares      Value  

Caleres, Inc.(a)

     62,702      $ 1,467,854  

Camping World Holdings, Inc. Class A(a)

     130,859        1,164,645  

Cato Corp. (The) Class A

     307,985        5,423,616  

Chico’s FAS, Inc.(a)

     1,072,554        4,322,393  

Children’s Place, Inc. (The)(a)

     51,521        3,966,602  

Citi Trends, Inc.

     31,534        577,072  

Designer Brands, Inc. Class A(a)

     452,957        7,754,624  

Dick’s Sporting Goods, Inc.(a)

     279,533        11,407,742  

Group 1 Automotive, Inc.(a)

     57,137        5,274,316  

Guess?, Inc.(a)

     517,503        9,589,331  

Haverty Furniture Cos., Inc.(a)

     99,932        2,025,622  

Lithia Motors, Inc. Class A(a)

     54,467        7,210,341  

Monro, Inc.(a)

     51,287        4,052,186  

Office Depot, Inc.(a)

     2,873,127        5,042,338  

Shoe Carnival, Inc.

     27,094        878,116  

Sonic Automotive, Inc. Class A(a)

     87,973        2,763,232  

Tile Shop Holdings, Inc.(a)

     296,969        947,331  

Winmark Corp.

     2,192        386,647  
     

 

 

 
Total Specialty Retail

 

     100,025,413  
Technology Hardware, Storage & Peripherals – 0.0%

 

AstroNova, Inc.

     9,679        156,509  
Textiles, Apparel & Luxury Goods – 0.7%

 

Culp, Inc.

     36,291        591,543  

Movado Group, Inc.(a)

     58,258        1,448,294  

Oxford Industries, Inc.

     47,799        3,427,188  

Rocky Brands, Inc.

     22,077        733,619  

Steven Madden Ltd.

     247,499        8,857,989  

Superior Group of Cos., Inc.

     36,817        593,490  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     15,652,123  
Thrifts & Mortgage Finance – 1.5%

 

Capitol Federal Financial, Inc.

     147,966        2,038,971  

Dime Community Bancshares, Inc.

     63,671        1,363,196  

ESSA Bancorp, Inc.

     12,672        208,074  

Federal Agricultural Mortgage Corp. Class C

     13,706        1,119,232  

First Defiance Financial Corp.

     19,654        569,278  

FS Bancorp, Inc.

     1,373        72,083  

Hingham Institution for Savings

     957        180,873  

Home Bancorp, Inc.

     6,292        245,325  

Kearny Financial Corp.

     58,733        765,878  

Luther Burbank Corp.

     71,413        809,109  

Merchants Bancorp

     6,760        111,810  

Meridian Bancorp, Inc.

     39,602        742,537  

Meta Financial Group, Inc.

     16,375        533,989  

Northfield Bancorp, Inc.

     80,306        1,289,714  

Northwest Bancshares, Inc.(a)

     173,458        2,842,977  

OceanFirst Financial Corp.

     57,974        1,368,186  

Oritani Financial Corp.

     136,334        2,412,430  

Provident Financial Holdings, Inc.

     11,030        228,872  

Provident Financial Services, Inc.

     97,809        2,399,255  

Prudential Bancorp, Inc.

     2,953        50,231  

Riverview Bancorp, Inc.

     13,442        99,202  

Southern Missouri Bancorp, Inc.

     4,715        171,767  

Standard AVB Financial Corp.

     1,640        44,592  

Sterling Bancorp, Inc.

     47,947      467,963  

Territorial Bancorp, Inc.

     19,612        560,511  

Timberland Bancorp, Inc.

     6,252        171,930  

TrustCo Bank Corp.

     152,698        1,244,489  

United Community Financial Corp.

     51,917        559,665  

United Financial Bancorp, Inc.

     74,444        1,014,672  

Walker & Dunlop, Inc.(a)

     29,132        1,629,353  

Washington Federal, Inc.(a)

     89,544        3,312,233  

Waterstone Financial, Inc.

     40,783        700,652  

Western New England Bancorp, Inc.

     22,262        212,157  

WSFS Financial Corp.(a)

     29,387        1,295,967  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     30,837,173  
Tobacco – 2.3%

 

Turning Point Brands, Inc.(a)

     19,791        456,380  

Universal Corp.

     175,044        9,594,162  

Vector Group Ltd.(a)

     3,124,034        37,207,250  
     

 

 

 
Total Tobacco

 

     47,257,792  
Trading Companies & Distributors – 1.1%

 

Applied Industrial Technologies, Inc.

     118,237        6,715,862  

H&E Equipment Services, Inc.

     285,703        8,245,388  

Kaman Corp.

     58,066        3,452,604  

Rush Enterprises, Inc. Class A

     67,089        2,588,294  

Rush Enterprises, Inc. Class B(a)

     11,918        475,886  

Systemax, Inc.

     78,364        1,724,792  
     

 

 

 
Total Trading Companies & Distributors

 

     23,202,826  
Water Utilities – 1.3%

 

American States Water Co.(a)

     85,373        7,671,618  

Artesian Resources Corp. Class A

     26,894        995,078  

California Water Service Group(a)

     115,905        6,134,852  

Connecticut Water Service, Inc.

     35,231        2,468,284  

Global Water Resources, Inc.

     94,722        1,121,508  

Middlesex Water Co.(a)

     46,705        3,033,957  

SJW Group

     75,676        5,167,914  

York Water Co. (The)

     34,343        1,499,415  
     

 

 

 
Total Water Utilities

 

     28,092,626  
Wireless Telecommunication Services – 0.1%

 

Shenandoah Telecommunications Co.

     44,435        1,411,700  

Spok Holdings, Inc.

     107,416        1,282,547  
     

 

 

 
Total Wireless Telecommunication Services

 

     2,694,247  
Total United States

 

     2,074,796,228  
Puerto Rico – 0.2%

 

Banks – 0.1%

 

OFG Bancorp(a)

     36,906        808,241  
IT Services – 0.1%

 

EVERTEC, Inc.

     77,239        2,411,402  
Total Puerto Rico

 

     3,219,643  

TOTAL COMMON STOCKS

(Cost: $2,012,422,284)

 

 

     2,078,015,871  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. SmallCap Dividend Fund (DES)

September 30, 2019

 

 

 

Investments    Shares      Value  
RIGHTS – 0.0%

 

United States – 0.0%

 

A. Schulman, Inc. CVR*
(Cost: $46,058)
     106,369      $ 46,058  
EXCHANGE-TRADED FUND – 0.3%

 

United States – 0.3%

 

WisdomTree U.S. MidCap Dividend Fund(a)(b) (Cost: $5,882,715)      167,026        6,064,714  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.4%

 

United States – 11.4%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

 

  

(Cost: $237,902,355)(d)

     237,902,355        237,902,355  

TOTAL INVESTMENTS IN SECURITIES – 111.2%

(Cost: $2,256,253,412)

 

 

     2,322,028,998  

Other Assets less Liabilities – (11.2)%

 

     (233,299,771
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,088,729,227  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $46,058, which represents less than a rounded 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $341,456,638 and the total market value of the collateral held by the Fund was $351,132,385. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $113,230,030.

CVR – Contingent Value Rights

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.3%

 

Aerospace & Defense – 0.6%

 

AAR Corp.

     27,881      $ 1,148,976  

Aerovironment, Inc.*(a)

     9,429        505,017  

Astronics Corp.*

     21,844        641,777  

Cubic Corp.

     1,008        70,993  

Ducommun, Inc.*

     1,938        82,171  

National Presto Industries, Inc.(a)

     6,424        572,314  

Park Aerospace Corp.

     4,017        70,539  

Vectrus, Inc.*

     25,146        1,022,185  

Wesco Aircraft Holdings, Inc.*

     78,522        864,527  
     

 

 

 
Total Aerospace & Defense

 

     4,978,499  
Air Freight & Logistics – 0.9%

 

Air Transport Services Group, Inc.*

     102,487        2,154,277  

Atlas Air Worldwide Holdings, Inc.*

     50,916        1,284,611  

Echo Global Logistics, Inc.*

     20,452        463,238  

Forward Air Corp.

     24,755        1,577,388  

Hub Group, Inc. Class A*

     36,426        1,693,809  

Radiant Logistics, Inc.*

     27,632        142,857  
     

 

 

 
Total Air Freight & Logistics

 

     7,316,180  
Airlines – 0.5%

 

Hawaiian Holdings, Inc.

     151,435        3,976,683  
Auto Components – 3.3%

 

American Axle & Manufacturing Holdings, Inc.*(a)

     563,932        4,635,521  

Cooper Tire & Rubber Co.

     52,507        1,371,483  

Cooper-Standard Holdings, Inc.*

     47,392        1,937,385  

Dana, Inc.

     449,982        6,497,740  

Gentherm, Inc.*

     19,665        807,937  

LCI Industries

     43,027        3,952,030  

Modine Manufacturing Co.*

     127,370        1,448,197  

Motorcar Parts of America, Inc.*(a)

     10,145        171,450  

Shiloh Industries, Inc.*

     43,015        178,082  

Standard Motor Products, Inc.

     19,548        949,055  

Stoneridge, Inc.*

     34,142        1,057,378  

Tenneco, Inc. Class A(a)

     224,083        2,805,519  
     

 

 

 
Total Auto Components

 

     25,811,777  
Automobiles – 0.4%

 

Winnebago Industries, Inc.

     84,829        3,253,192  
Banks – 12.2%

 

1st Source Corp.

     22,123        1,011,685  

Allegiance Bancshares, Inc.*

     11,372        364,927  

American National Bankshares, Inc.

     7,845        278,262  

Ameris Bancorp

     57,121        2,298,549  

Arrow Financial Corp.

     13,714        457,922  

Atlantic Capital Bancshares, Inc.*

     15,032        260,655  

Banc of California, Inc.

     20,815        294,324  

BancFirst Corp.

     28,055        1,554,808  

Bancorp, Inc. (The)*

     125,428        1,241,737  

Bank of Commerce Holdings

     15,867        172,792  

Bank of Marin Bancorp

     8,464        351,171  

BankFinancial Corp.

     10,724        127,616  

Banner Corp.

     28,565      1,604,496  

Bar Harbor Bankshares

     18,068        450,435  

Baycom Corp.*

     8,432        191,491  

BCB Bancorp, Inc.

     11,613        149,111  

Berkshire Hills Bancorp, Inc.

     47,209        1,382,752  

Boston Private Financial Holdings, Inc.

     54,977        640,757  

Bridge Bancorp, Inc.

     12,802        378,427  

Brookline Bancorp, Inc.

     71,021        1,046,139  

Bryn Mawr Bank Corp.

     20,759        757,911  

Byline Bancorp, Inc.*

     15,142        270,739  

C&F Financial Corp.

     4,079        214,800  

Cadence BanCorp(a)

     149,314        2,618,968  

Cambridge Bancorp(a)

     3,536        265,235  

Camden National Corp.

     17,287        748,873  

Capital City Bank Group, Inc.

     10,766        295,527  

Capstar Financial Holdings, Inc.

     9,443        156,565  

Carolina Financial Corp.

     16,225        576,637  

CBTX, Inc.

     13,976        389,651  

Central Pacific Financial Corp.

     27,664        785,658  

Central Valley Community Bancorp

     12,394        252,218  

Century Bancorp, Inc. Class A

     5,845        512,022  

Chemung Financial Corp.

     4,061        170,562  

Citizens & Northern Corp.

     10,312        270,999  

City Holding Co.

     13,282        1,012,753  

Civista Bancshares, Inc.

     6,553        142,397  

CNB Financial Corp.

     16,788        481,816  

Codorus Valley Bancorp, Inc.

     9,480        220,505  

Community Trust Bancorp, Inc.

     17,471        743,915  

ConnectOne Bancorp, Inc.

     39,098        867,976  

Customers Bancorp, Inc.*

     45,939        952,775  

Eagle Bancorp, Inc.

     35,565        1,586,910  

Enterprise Bancorp, Inc.

     11,982        359,220  

Enterprise Financial Services Corp.

     26,246        1,069,525  

Equity Bancshares, Inc. Class A*

     10,940        293,301  

Esquire Financial Holdings, Inc.*

     4,900        121,520  

Farmers & Merchants Bancorp, Inc.

     4,959        128,736  

Farmers National Banc Corp.

     29,478        426,841  

FB Financial Corp.

     28,265        1,061,351  

Financial Institutions, Inc.

     19,371        584,617  

First Bancorp

     28,626        1,027,673  

First Bancshares, Inc. (The)

     7,590        245,157  

First Bank

     16,140        174,796  

First Busey Corp.

     47,087        1,190,359  

First Business Financial Services, Inc.

     8,865        213,469  

First Commonwealth Financial Corp.

     103,408        1,373,258  

First Community Bankshares, Inc.

     13,507        437,222  

First Community Corp.

     5,350        104,218  

First Financial Corp.

     12,735        553,590  

First Financial Northwest, Inc.

     11,873        175,483  

First Foundation, Inc.

     33,364        509,635  

First Internet Bancorp

     12,474        267,068  

First Merchants Corp.

     50,254        1,891,309  

First Mid Bancshares, Inc.

     12,714        440,159  

First of Long Island Corp. (The)

     24,048        547,092  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  

Flushing Financial Corp.

     29,691      $ 599,907  

Franklin Financial Network, Inc.

     18,186        549,399  

German American Bancorp, Inc.

     19,454        623,501  

Great Southern Bancorp, Inc.

     15,994        910,858  

Guaranty Bancshares, Inc.

     6,673        204,127  

Hanmi Financial Corp.

     39,907        749,453  

HarborOne Bancorp, Inc.*

     21,174        213,116  

Heartland Financial USA, Inc.

     27,883        1,247,485  

Heritage Commerce Corp.

     32,616        383,401  

Heritage Financial Corp.

     20,385        549,580  

Hilltop Holdings, Inc.

     94,785        2,264,414  

HomeTrust Bancshares, Inc.

     13,137        342,482  

Hope Bancorp, Inc.

     191,518        2,746,368  

Horizon Bancorp, Inc.

     37,731        655,010  

Independent Bank Corp.

     21,097        449,683  

Independent Bank Group, Inc.

     44,176        2,324,099  

Investar Holding Corp.

     6,519        155,152  

Lakeland Bancorp, Inc.

     53,151        820,120  

Lakeland Financial Corp.

     23,309        1,025,130  

LCNB Corp.

     10,697        189,765  

LegacyTexas Financial Group, Inc.

     45,495        1,980,397  

Live Oak Bancshares, Inc.

     79,964        1,447,348  

Macatawa Bank Corp.

     34,022        353,489  

Mercantile Bank Corp.

     18,177        596,206  

Metropolitan Bank Holding Corp.*

     7,735        304,218  

Midland States Bancorp, Inc.

     15,948        415,445  

MidWestOne Financial Group, Inc.

     11,900        363,188  

National Bank Holdings Corp. Class A

     19,677        672,757  

National Bankshares, Inc.

     6,072        243,184  

NBT Bancorp, Inc.

     37,333        1,366,014  

Nicolet Bankshares, Inc.*

     9,860        656,380  

Northeast Bank *

     11,314        250,831  

Northrim BanCorp, Inc.

     7,700        305,459  

Old Line Bancshares, Inc.

     10,935        317,224  

Old Second Bancorp, Inc.

     31,578        385,883  

Opus Bank

     28,548        621,490  

Origin Bancorp, Inc.(a)

     13,735        463,419  

Orrstown Financial Services, Inc.

     7,438        162,892  

Pacific Premier Bancorp, Inc.

     51,995        1,621,724  

Park National Corp.

     15,857        1,503,402  

Parke Bancorp, Inc.

     14,222        316,013  

Peapack Gladstone Financial Corp.(a)

     19,293        540,783  

People’s Utah Bancorp

     14,671        415,043  

Peoples Bancorp, Inc.

     17,405        553,653  

Preferred Bank

     19,394        1,015,858  

QCR Holdings, Inc.

     15,535        590,019  

RBB Bancorp

     18,350        361,312  

Reliant Bancorp, Inc.

     6,286        150,738  

Republic Bancorp, Inc. Class A

     21,672        941,648  

Republic First Bancorp, Inc.*

     13,007        54,629  

S&T Bancorp, Inc.

     32,039        1,170,385  

Sandy Spring Bancorp, Inc.

     34,573        1,165,456  

SB One Bancorp

     4,724        106,573  

Seacoast Banking Corp. of Florida*

     34,662        877,295  

ServisFirst Bancshares, Inc.

     46,980      1,557,387  

Shore Bancshares, Inc.

     16,206        249,734  

Sierra Bancorp

     14,719        390,937  

SmartFinancial, Inc.*

     9,570        199,343  

Southern First Bancshares, Inc.*

     7,843        312,544  

Southern National Bancorp of Virginia, Inc.

     26,774        412,052  

Southside Bancshares, Inc.

     27,554        939,867  

Spirit of Texas Bancshares, Inc.*(a)

     4,153        89,497  

Stock Yards Bancorp, Inc.

     22,687        832,386  

Tompkins Financial Corp.

     13,201        1,070,997  

Towne Bank

     59,940        1,666,632  

TriCo Bancshares

     20,156        731,663  

TriState Capital Holdings, Inc.*

     28,381        597,136  

Triumph Bancorp, Inc.*

     16,670        531,606  

United Community Banks, Inc.

     82,277        2,332,553  

Univest Financial Corp.

     23,741        605,633  

Veritex Holdings, Inc.

     45,980        1,115,705  

Washington Trust Bancorp, Inc.

     16,486        796,439  

West Bancorporation, Inc.

     17,926        389,711  

Westamerica Bancorporation

     16,552        1,029,203  
     

 

 

 
Total Banks

 

     96,893,497  
Beverages – 0.1%

 

Coca-Cola Consolidated, Inc.

     1,439        437,269  

Craft Brew Alliance, Inc.*

     6,076        49,763  

MGP Ingredients, Inc.(a)

     10,409        517,119  
     

 

 

 
Total Beverages

 

     1,004,151  
Biotechnology – 0.5%

 

Anika Therapeutics, Inc.*

     10,204        560,098  

BioSpecifics Technologies Corp.*

     3,399        181,914  

ChemoCentryx, Inc.*

     20,917        141,817  

Eagle Pharmaceuticals, Inc.*(a)

     12,756        721,607  

Enanta Pharmaceuticals, Inc.*

     16,909        1,015,893  

Palatin Technologies, Inc.*(a)

     179,522        163,150  

REGENXBIO, Inc.*(a)

     28,679        1,020,972  

Surface Oncology, Inc.*

     30,491        43,297  

Vanda Pharmaceuticals, Inc.*

     8,538        113,385  
     

 

 

 
Total Biotechnology

 

     3,962,133  
Building Products – 3.2%

 

AAON, Inc.

     20,407        937,498  

Advanced Drainage Systems, Inc.

     46,256        1,492,681  

American Woodmark Corp.*

     19,276        1,713,829  

Apogee Enterprises, Inc.

     41,898        1,633,603  

Builders FirstSource, Inc.*

     215,978        4,443,747  

Continental Building Products, Inc.*

     45,974        1,254,630  

Cornerstone Building Brands, Inc.*

     85,032        514,444  

CSW Industrials, Inc.

     13,867        957,239  

Gibraltar Industries, Inc.*

     32,308        1,484,230  

Griffon Corp.

     14,589        305,931  

Insteel Industries, Inc.

     20,389        418,586  

JELD-WEN Holding, Inc.*

     128,676        2,482,160  

Patrick Industries, Inc.*

     64,654        2,772,364  

PGT Innovations, Inc.*

     51,800        894,586  

Quanex Building Products Corp.

     28,016        506,529  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  

Universal Forest Products, Inc.

     90,621      $ 3,613,966  
     

 

 

 
Total Building Products

 

     25,426,023  
Capital Markets – 1.9%

 

Artisan Partners Asset Management, Inc. Class A

     74,038        2,090,833  

B. Riley Financial, Inc.

     22,121        522,498  

Blucora, Inc.*

     23,406        506,506  

Cohen & Steers, Inc.

     42,234        2,319,914  

Diamond Hill Investment Group, Inc.

     4,522        624,624  

Donnelley Financial Solutions, Inc.*

     57,592        709,533  

GAIN Capital Holdings, Inc.

     56,915        300,511  

Greenhill & Co., Inc.(a)

     10,223        134,126  

Hamilton Lane, Inc. Class A

     17,278        984,155  

INTL FCStone, Inc.*

     11,950        490,667  

Oppenheimer Holdings, Inc. Class A

     15,894        477,774  

Piper Jaffray Cos.

     7,922        597,953  

PJT Partners, Inc. Class A

     2,983        121,408  

Pzena Investment Management, Inc. Class A

     44,632        398,117  

Victory Capital Holdings, Inc. Class A

     70,568        1,085,336  

Virtus Investment Partners, Inc.

     13,088        1,447,140  

Waddell & Reed Financial, Inc. Class A

     118,722        2,039,644  

Westwood Holdings Group, Inc.

     8,384        231,985  
     

 

 

 
Total Capital Markets

 

     15,082,724  
Chemicals – 2.8%

 

Advanced Emissions Solutions, Inc.(a)

     68,563        1,017,475  

AdvanSix, Inc.*

     43,928        1,129,828  

American Vanguard Corp.

     22,424        352,057  

Chase Corp.

     7,465        816,596  

Ferro Corp.*

     79,880        947,377  

FutureFuel Corp.

     57,525        686,848  

Hawkins, Inc.

     9,005        382,712  

Innophos Holdings, Inc.

     22,670        735,868  

Innospec, Inc.

     25,286        2,253,994  

Koppers Holdings, Inc.*

     38,279        1,118,130  

Kraton Corp.*

     52,243        1,686,926  

Kronos Worldwide, Inc.

     468,764        5,798,611  

Minerals Technologies, Inc.

     53,428        2,836,493  

OMNOVA Solutions, Inc.*

     24,080        242,486  

Stepan Co.

     23,115        2,243,542  

Trecora Resources*

     12,494        112,696  
     

 

 

 
Total Chemicals

 

     22,361,639  
Commercial Services & Supplies – 3.2%

 

ABM Industries, Inc.

     45,497        1,652,451  

ACCO Brands Corp.

     288,884        2,851,285  

ARC Document Solutions, Inc.*

     49,730        67,633  

Casella Waste Systems, Inc. Class A*

     7,005        300,795  

Charah Solutions, Inc.*(a)

     34,772        73,717  

Ennis, Inc.

     31,068        627,884  

Heritage-Crystal Clean, Inc.*

     13,280        351,920  

Herman Miller, Inc.

     71,905        3,314,101  

HNI Corp.

     30,500        1,082,750  

Interface, Inc.

     73,593        1,062,683  

Kimball International, Inc. Class B

     42,666        823,454  

Knoll, Inc.

     53,255      1,350,014  

LSC Communications, Inc.(a)

     8,321        11,483  

Matthews International Corp. Class A

     31,882        1,128,304  

McGrath RentCorp

     22,747        1,582,964  

Pitney Bowes, Inc.

     462,144        2,111,998  

Quad/Graphics, Inc.

     39,638        416,595  

RR Donnelley & Sons Co.(a)

     173,920        655,678  

SP Plus Corp.*

     32,601        1,206,237  

Steelcase, Inc. Class A

     137,029        2,521,334  

U.S. Ecology, Inc.

     13,566        867,410  

Viad Corp.

     14,772        991,940  

VSE Corp.

     17,121        583,655  
     

 

 

 
Total Commercial Services & Supplies

 

     25,636,285  
Communications Equipment – 0.3%

 

Applied Optoelectronics, Inc.*(a)

     20,940        234,947  

CalAmp Corp.*

     7,875        90,720  

Casa Systems, Inc.*

     155,214        1,219,206  

Clearfield, Inc.*

     7,103        84,171  

Comtech Telecommunications Corp.

     11,191        363,707  

Digi International, Inc.*

     9,275        126,325  

NETGEAR, Inc.*

     8,057        259,597  
     

 

 

 
Total Communications Equipment

 

     2,378,673  
Construction & Engineering – 1.3%

 

Ameresco, Inc. Class A*

     39,381        632,853  

Argan, Inc.

     19,406        762,462  

Comfort Systems USA, Inc.

     38,580        1,706,393  

Construction Partners, Inc. Class A*

     89,054        1,387,461  

Dycom Industries, Inc.*

     37,141        1,896,048  

MYR Group, Inc.*

     15,114        472,917  

Northwest Pipe Co.*

     13,388        376,872  

NV5 Global, Inc.*(a)

     6,815        465,260  

Orion Group Holdings, Inc.*

     18,160        81,720  

Primoris Services Corp.

     44,818        878,881  

Sterling Construction Co., Inc.*

     32,191        423,312  

Tutor Perini Corp.*(a)

     77,278        1,107,394  
     

 

 

 
Total Construction & Engineering

 

     10,191,573  
Construction Materials – 0.5%

 

Forterra, Inc.*(a)

     33,355        241,157  

Summit Materials, Inc. Class A*

     129,878        2,883,291  

United States Lime & Minerals, Inc.

     4,998        382,347  

US Concrete, Inc.*(a)

     14,121        780,609  
     

 

 

 
Total Construction Materials

 

     4,287,404  
Consumer Finance – 0.8%

 

Curo Group Holdings Corp.*(a)

     7,027        93,319  

Elevate Credit, Inc.*

     22,921        96,497  

Encore Capital Group, Inc.*(a)

     47,274        1,575,406  

Enova International, Inc.*

     54,463        1,130,107  

EZCORP, Inc. Class A*(a)

     63,953        412,817  

PRA Group, Inc.*

     31,000        1,047,490  

Regional Management Corp.*

     17,054        480,241  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  

World Acceptance Corp.*

     9,624      $ 1,227,156  
     

 

 

 
Total Consumer Finance

 

     6,063,033  
Containers & Packaging – 0.0%

 

UFP Technologies, Inc.*

     5,469        211,103  
Distributors – 0.2%

 

Core-Mark Holding Co., Inc.

     22,541        723,904  

Funko, Inc. Class A*(a)

     17,082        351,462  

Weyco Group, Inc.

     10,555        238,649  
     

 

 

 
Total Distributors

 

     1,314,015  
Diversified Consumer Services – 0.7%

 

American Public Education, Inc.*

     13,237        295,715  

Career Education Corp.*

     78,248        1,243,361  

Carriage Services, Inc.

     20,460        418,202  

Collectors Universe, Inc.

     8,528        242,877  

K12, Inc.*

     19,950        526,680  

Sotheby’s*

     44,070        2,511,109  

Zovio, Inc.*

     34,315        67,600  
     

 

 

 
Total Diversified Consumer Services

 

     5,305,544  
Diversified Financial Services – 0.1%

 

Marlin Business Services Corp.

     13,570        341,829  

On Deck Capital, Inc.*

     34,748        116,753  
     

 

 

 
Total Diversified Financial Services

 

     458,582  
Diversified Telecommunication Services – 0.3%

 

ATN International, Inc.

     10,851        633,373  

Bandwidth, Inc. Class A*(a)

     8,347        543,473  

Globalstar, Inc.*(a)

     3,634,291        1,503,506  
     

 

 

 
Total Diversified Telecommunication Services

 

     2,680,352  
Electric Utilities – 0.2%

 

Genie Energy Ltd. Class B

     24,967        186,254  

Otter Tail Corp.

     29,161        1,567,404  

Spark Energy, Inc. Class A(a)

     14,234        150,168  
     

 

 

 
Total Electric Utilities

 

     1,903,826  
Electrical Equipment – 1.0%

 

Allied Motion Technologies, Inc.

     4,368        154,234  

Atkore International Group, Inc.*

     97,921        2,971,902  

AZZ, Inc.

     12,581        548,028  

Encore Wire Corp.

     24,079        1,355,166  

LSI Industries, Inc.

     14,162        73,926  

Preformed Line Products Co.

     6,783        370,284  

Sunrun, Inc.*(a)

     78,453        1,310,557  

Thermon Group Holdings, Inc.*

     11,957        274,772  

TPI Composites, Inc.*(a)

     14,629        274,294  

Vicor Corp.*

     12,811        378,181  
     

 

 

 
Total Electrical Equipment

 

     7,711,344  
Electronic Equipment, Instruments & Components – 3.6%

 

Anixter International, Inc.*

     44,437        3,071,485  

Arlo Technologies, Inc.*

     15,977        54,482  

Badger Meter, Inc.

     7,219        387,660  

Bel Fuse, Inc. Class B

     11,921        179,173  

Benchmark Electronics, Inc.

     45,077        1,309,938  

CTS Corp.

     21,899        708,652  

Daktronics, Inc.

     18,606      137,405  

ePlus, Inc.*

     13,041        992,290  

FARO Technologies, Inc.*

     3,277        158,443  

Insight Enterprises, Inc.*

     58,291        3,246,226  

KEMET Corp.(a)

     94,685        1,721,373  

Kimball Electronics, Inc.*

     33,637        488,073  

Knowles Corp.*

     71,573        1,455,795  

Methode Electronics, Inc.

     85,136        2,863,975  

MTS Systems Corp.

     11,397        629,684  

Napco Security Technologies, Inc.*(a)

     8,972        228,965  

nLight, Inc.*(a)

     11,869        185,868  

OSI Systems, Inc.*

     10,271        1,043,123  

PC Connection, Inc.

     31,696        1,232,974  

Plexus Corp.*

     30,658        1,916,432  

Sanmina Corp.*

     62,074        1,993,196  

ScanSource, Inc.*

     23,648        722,446  

TTM Technologies, Inc.*

     287,229        3,502,758  

Vishay Precision Group, Inc.*

     13,532        443,038  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     28,673,454  
Energy Equipment & Services – 1.9%

 

C&J Energy Services, Inc.*

     132,378        1,420,416  

Covia Holdings Corp.*(a)

     198,752        401,479  

DMC Global, Inc.

     6,578        289,300  

Era Group, Inc.*

     8,609        90,911  

Forum Energy Technologies, Inc.*

     185,053        286,832  

FTS International, Inc.*

     697,409        1,562,196  

Helix Energy Solutions Group, Inc.*(a)

     102,575        826,755  

Keane Group, Inc.*

     177,090        1,073,165  

Liberty Oilfield Services, Inc. Class A(a)

     178,805        1,936,458  

Mammoth Energy Services, Inc.(a)

     171,794        426,049  

NCS Multistage Holdings, Inc.*(a)

     26,336        52,672  

Newpark Resources, Inc.*

     60,001        457,208  

ProPetro Holding Corp.*

     146,888        1,335,212  

SEACOR Holdings, Inc.*

     30,050        1,414,454  

Select Energy Services, Inc. Class A*

     81,223        703,391  

Smart Sand, Inc.*(a)

     115,609        327,174  

Solaris Oilfield Infrastructure, Inc. Class A(a)

     73,041        980,210  

U.S. Silica Holdings, Inc.

     133,886        1,279,950  
     

 

 

 
Total Energy Equipment & Services

 

     14,863,832  
Entertainment – 0.1%

 

Marcus Corp. (The)

     22,995        851,045  

Reading International, Inc. Class A*(a)

     14,429        172,571  
     

 

 

 
Total Entertainment

 

     1,023,616  
Equity Real Estate Investment Trusts (REITs) – 2.8%

 

Agree Realty Corp.

     12,890        942,904  

Alexander & Baldwin, Inc.

     38,915        953,807  

Alexander’s, Inc.

     2,722        948,372  

American Assets Trust, Inc.

     5,910        276,233  

Armada Hoffler Properties, Inc.

     15,780        285,460  

Braemar Hotels & Resorts, Inc.

     13,891        130,437  

BRT Apartments Corp.

     31,288        456,179  

CareTrust REIT, Inc.

     27,284        641,310  

Chatham Lodging Trust

     23,792        431,825  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  

Community Healthcare Trust, Inc.

     2,965      $ 132,091  

CorEnergy Infrastructure Trust, Inc.(a)

     7,765        366,663  

Easterly Government Properties, Inc.

     4,961        105,669  

Essential Properties Realty Trust, Inc.

     8,794        201,471  

Four Corners Property Trust, Inc.

     36,191        1,023,482  

Franklin Street Properties Corp.

     10,531        89,092  

Getty Realty Corp.

     16,791        538,319  

Gladstone Land Corp.(a)

     5,846        69,538  

Global Net Lease, Inc.

     10,112        197,184  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

     19,302        562,653  

Independence Realty Trust, Inc.

     21,762        311,414  

Industrial Logistics Properties Trust

     71,997        1,529,936  

Innovative Industrial Properties, Inc.

     817        75,466  

iStar, Inc.(a)

     54,972        717,385  

Jernigan Capital, Inc.

     12,857        247,497  

Lexington Realty Trust

     326,258        3,344,145  

LTC Properties, Inc.

     41,024        2,101,249  

Mack-Cali Realty Corp.

     17,114        370,689  

Monmouth Real Estate Investment Corp.

     33,219        478,686  

National Storage Affiliates Trust

     4,805        160,343  

One Liberty Properties, Inc.

     11,781        324,331  

Retail Opportunity Investments Corp.

     31,480        573,880  

RPT Realty

     33,151        449,196  

Safehold, Inc.

     4,541        138,501  

Saul Centers, Inc.

     8,768        477,944  

Summit Hotel Properties, Inc.

     86,919        1,008,260  

Universal Health Realty Income Trust

     4,491        461,675  

Urstadt Biddle Properties, Inc. Class A

     13,512        320,234  

Washington Prime Group, Inc.(a)

     154,697        640,446  

Washington Real Estate Investment Trust

     9,478        259,318  

Whitestone REIT

     11,418        157,112  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     22,500,396  
Food & Staples Retailing – 1.1%

 

Andersons, Inc. (The)

     17,498        392,480  

Chefs’ Warehouse, Inc. (The)*

     8,661        349,212  

Ingles Markets, Inc. Class A

     34,893        1,355,942  

Natural Grocers by Vitamin Cottage, Inc.*

     7,707        76,993  

PriceSmart, Inc.

     23,824        1,693,886  

SpartanNash Co.

     49,845        589,666  

United Natural Foods, Inc.*(a)

     228,428        2,631,491  

Village Super Market, Inc. Class A

     13,891        367,417  

Weis Markets, Inc.

     23,591        899,761  
     

 

 

 
Total Food & Staples Retailing

 

     8,356,848  
Food Products – 0.8%

 

B&G Foods, Inc.(a)

     42,858        810,445  

Calavo Growers, Inc.(a)

     8,818        839,297  

Hostess Brands, Inc.*

     171,929        2,404,427  

John B. Sanfilippo & Son, Inc.

     8,636        834,238  

Landec Corp.*

     14,253        154,930  

Limoneira Co.

     9,216        169,206  

Simply Good Foods Co. (The)*

     35,749        1,036,363  
     

 

 

 
Total Food Products

 

     6,248,906  
Gas Utilities – 0.1%

 

Chesapeake Utilities Corp.

     8,974      855,402  
Health Care Equipment & Supplies – 0.7%

 

AngioDynamics, Inc.*

     4,571        84,198  

Atrion Corp.

     726        565,677  

CONMED Corp.

     11,063        1,063,707  

FONAR Corp.*

     15,144        313,027  

Heska Corp.*(a)

     1,344        95,249  

IntriCon Corp.*(a)

     3,471        67,476  

iRadimed Corp.*(a)

     2,944        61,883  

Lantheus Holdings, Inc.*

     28,952        725,682  

LeMaitre Vascular, Inc.

     13,713        468,710  

Meridian Bioscience, Inc.

     22,688        215,309  

Mesa Laboratories, Inc.(a)

     767        182,370  

OraSure Technologies, Inc.*

     21,699        162,092  

Orthofix Medical, Inc.*

     3,817        202,377  

STAAR Surgical Co.*(a)

     2,184        56,304  

Tactile Systems Technology, Inc.*(a)

     2,853        120,739  

Utah Medical Products, Inc.

     3,447        330,361  

Varex Imaging Corp.*

     16,480        470,339  
     

 

 

 
Total Health Care Equipment & Supplies

 

     5,185,500  
Health Care Providers & Services – 0.8%

 

Addus HomeCare Corp.*

     4,240        336,147  

Apollo Medical Holdings, Inc.*(a)

     5,259        92,663  

CorVel Corp.*

     10,303        779,937  

Cross Country Healthcare, Inc.*

     20,990        216,197  

Magellan Health, Inc.*

     28,140        1,747,494  

National HealthCare Corp.

     11,371        930,716  

National Research Corp.

     12,101        698,833  

Providence Service Corp. (The)*

     2,597        154,418  

RadNet, Inc.*

     16,053        230,521  

Tivity Health, Inc.*(a)

     57,763        960,599  

U.S. Physical Therapy, Inc.

     2,376        310,187  
     

 

 

 
Total Health Care Providers & Services

 

     6,457,712  
Health Care Technology – 0.1%

 

Computer Programs & Systems, Inc.

     3,449        77,982  

HealthStream, Inc.*

     7,934        205,411  

NextGen Healthcare, Inc.*

     21,086        330,418  

Simulations Plus, Inc.

     7,015        243,420  
     

 

 

 
Total Health Care Technology

 

     857,231  
Hotels, Restaurants & Leisure – 2.5%

 

BBX Capital Corp.

     184,753        862,796  

BJ’s Restaurants, Inc.

     15,327        595,301  

Bloomin’ Brands, Inc.

     105,558        1,998,213  

Bluegreen Vacations Corp.(a)

     105,018        978,768  

Brinker International, Inc.(a)

     51,679        2,205,143  

Carrols Restaurant Group, Inc.*

     16,830        139,521  

Chuy’s Holdings, Inc.*

     7,171        177,554  

Del Taco Restaurants, Inc.*

     30,968        316,648  

Denny’s Corp.*

     43,300        985,724  

Dine Brands Global, Inc.(a)

     12,769        968,656  

El Pollo Loco Holdings, Inc.*(a)

     7,566        82,923  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  

Fiesta Restaurant Group, Inc.*

     13,403      $ 139,659  

Habit Restaurants, Inc. (The) Class A*(a)

     86,404        755,171  

International Speedway Corp. Class A

     30,721        1,382,752  

J Alexander’s Holdings, Inc.*

     16,066        188,294  

Monarch Casino & Resort, Inc.*

     14,355        598,460  

Nathan’s Famous, Inc.

     1,076        77,311  

Papa John’s International, Inc.(a)

     14,202        743,475  

RCI Hospitality Holdings, Inc.

     13,599        281,227  

Red Lion Hotels Corp.*

     15,625        101,250  

Red Robin Gourmet Burgers, Inc.*

     6,824        226,966  

Ruth’s Hospitality Group, Inc.

     28,674        585,380  

Shake Shack, Inc. Class A*

     52,223        5,119,943  

Town Sports International Holdings, Inc.*(a)

     49,777        81,634  

Wingstop, Inc.

     6,360        555,101  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     20,147,870  
Household Durables – 7.8%

 

Bassett Furniture Industries, Inc.

     12,000        183,600  

Beazer Homes USA, Inc.*

     62,720        934,528  

Cavco Industries, Inc.*(a)

     9,103        1,748,595  

Century Communities, Inc.*

     82,691        2,532,825  

Ethan Allen Interiors, Inc.

     31,466        601,001  

Flexsteel Industries, Inc.

     10,373        153,728  

Green Brick Partners, Inc.*

     102,352        1,095,166  

Hamilton Beach Brands Holding Co. Class A

     20,296        328,186  

Hooker Furniture Corp.

     21,818        467,778  

Installed Building Products, Inc.*

     23,771        1,363,029  

KB Home

     230,975        7,853,150  

La-Z-Boy, Inc.

     63,120        2,120,201  

LGI Homes, Inc.*(a)

     61,924        5,159,508  

M/I Homes, Inc.*

     71,026        2,674,129  

MDC Holdings, Inc.

     125,380        5,403,878  

Meritage Homes Corp.*

     92,848        6,531,857  

New Home Co., Inc. (The)*

     42,049        183,334  

Taylor Morrison Home Corp. Class A*

     262,217        6,801,909  

TopBuild Corp.*

     47,591        4,589,200  

TRI Pointe Group, Inc.*

     403,111        6,062,789  

Tupperware Brands Corp.

     88,692        1,407,542  

Turtle Beach Corp.*(a)

     37,625        439,084  

Universal Electronics, Inc.*

     4,873        248,036  

VOXX International Corp.*

     15,686        73,724  

William Lyon Homes Class A*

     134,488        2,738,176  

ZAGG, Inc.*(a)

     75,441        473,015  
     

 

 

 
Total Household Durables

 

     62,167,968  
Household Products – 0.2%

 

Central Garden and Pet Co. Class A*

     55,533        1,539,652  
Independent Power & Renewable Electricity Producers – 0.4%

 

Pattern Energy Group, Inc. Class A

     116,205        3,129,401  
Industrial Conglomerates – 0.1%

 

Raven Industries, Inc.

     25,726        860,792  
Insurance – 2.1%

 

Ambac Financial Group, Inc.*

     147,370        2,881,083  

AMERISAFE, Inc.

     13,906        919,326  

Employers Holdings, Inc.

     45,269        1,972,823  

FBL Financial Group, Inc. Class A

     20,024      1,191,628  

FedNat Holding Co.

     18,133        253,681  

HCI Group, Inc.

     8,448        355,154  

Health Insurance Innovations, Inc. Class A*(a)

     7,446        185,629  

Heritage Insurance Holdings, Inc.

     14,672        219,346  

Horace Mann Educators Corp.

     21,885        1,013,932  

Independence Holding Co.

     9,512        367,068  

Investors Title Co.

     1,891        302,749  

Kingstone Cos., Inc.

     4,536        38,647  

Kinsale Capital Group, Inc.

     7,929        819,145  

National Western Life Group, Inc. Class A

     4,888        1,311,793  

Safety Insurance Group, Inc.

     11,063        1,121,014  

State Auto Financial Corp.

     23,583        763,853  

Stewart Information Services Corp.

     14,070        545,775  

United Fire Group, Inc.

     12,557        589,928  

United Insurance Holdings Corp.

     22,229        310,984  

Universal Insurance Holdings, Inc.

     51,518        1,545,025  
     

 

 

 
Total Insurance

 

     16,708,583  
Interactive Media & Services – 0.1%

 

Care.com, Inc.*

     4,948        51,707  

Cars.com, Inc.*

     36,339        326,324  

QuinStreet, Inc.*(a)

     21,191        266,795  

Travelzoo*

     9,516        101,726  
     

 

 

 
Total Interactive Media & Services

 

     746,552  
Internet & Direct Marketing Retail – 0.3%

 

1-800-Flowers.com, Inc. Class A*

     35,100        519,305  

Duluth Holdings, Inc. Class B*(a)

     14,914        126,471  

Leaf Group Ltd.*

     32,675        137,235  

PetMed Express, Inc.(a)

     29,163        525,517  

Shutterstock, Inc.*

     20,736        748,984  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     2,057,512  
IT Services – 1.3%

 

Carbonite, Inc.*

     3,194        49,475  

Cass Information Systems, Inc.

     9,720        524,783  

CSG Systems International, Inc.

     29,563        1,527,816  

ExlService Holdings, Inc.*

     21,379        1,431,538  

GreenSky, Inc. Class A*(a)

     108,159        740,348  

Hackett Group, Inc. (The)

     30,857        507,906  

Information Services Group, Inc.*

     20,297        50,438  

NIC, Inc.

     80,485        1,662,015  

Perficient, Inc.*

     13,529        521,949  

Presidio, Inc.

     45,430        767,767  

PRGX Global, Inc.*

     7,685        39,578  

Sykes Enterprises, Inc.*

     31,840        975,577  

TTEC Holdings, Inc.

     23,150        1,108,422  

Unisys Corp.*(a)

     61,297        455,437  

Virtusa Corp.*

     2,637        94,985  
     

 

 

 
Total IT Services

 

     10,458,034  
Leisure Products – 1.0%

 

Acushnet Holdings Corp.

     84,607        2,233,625  

American Outdoor Brands Corp.*

     29,989        175,436  

Callaway Golf Co.

     118,460        2,299,308  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  

Clarus Corp.

     7,417      $ 86,964  

Johnson Outdoors, Inc. Class A

     13,955        817,205  

Malibu Boats, Inc. Class A*

     32,951        1,010,937  

Marine Products Corp.

     28,624        405,316  

MasterCraft Boat Holdings, Inc.*

     30,495        455,138  

Nautilus, Inc.*

     34,930        47,155  

Sturm Ruger & Co., Inc.(a)

     15,604        651,623  
     

 

 

 
Total Leisure Products

 

     8,182,707  
Life Sciences Tools & Services – 0.5%

 

Cambrex Corp.*

     47,169        2,806,556  

Luminex Corp.

     22,284        460,165  

NeoGenomics, Inc.*

     7,520        143,782  

Pacific Biosciences of California, Inc.*(a)

     45,828        236,472  
     

 

 

 
Total Life Sciences Tools & Services

 

     3,646,975  
Machinery – 5.3%

 

Alamo Group, Inc.

     14,912        1,755,441  

Altra Industrial Motion Corp.

     33,086        916,317  

Blue Bird Corp.*

     25,820        491,484  

Chart Industries, Inc.*

     11,556        720,632  

Columbus McKinnon Corp.

     20,453        745,103  

Commercial Vehicle Group, Inc.*

     107,753        776,899  

Douglas Dynamics, Inc.

     19,219        856,591  

Energy Recovery, Inc.*(a)

     64,610        598,612  

EnPro Industries, Inc.

     27,211        1,868,035  

ESCO Technologies, Inc.

     16,827        1,338,756  

Evoqua Water Technologies Corp.*

     26,841        456,834  

Federal Signal Corp.

     75,838        2,482,936  

Franklin Electric Co., Inc.

     37,812        1,807,792  

Gorman-Rupp Co. (The)

     19,559        680,458  

Greenbrier Cos., Inc. (The)

     47,178        1,421,001  

Helios Technologies, Inc.

     14,810        600,842  

Hurco Cos., Inc.

     10,843        348,819  

Hyster-Yale Materials Handling, Inc.

     17,801        974,249  

Kadant, Inc.

     9,916        870,526  

L.B. Foster Co. Class A*

     10,435        226,126  

Lindsay Corp.(a)

     4,290        398,326  

Lydall, Inc.*

     33,058        823,475  

Meritor, Inc.*

     206,680        3,823,580  

Milacron Holdings Corp.*

     38,315        638,711  

Miller Industries, Inc.

     19,946        664,202  

Mueller Industries, Inc.

     54,940        1,575,679  

Mueller Water Products, Inc. Class A

     122,812        1,380,407  

Omega Flex, Inc.(a)

     5,952        608,592  

Park-Ohio Holdings Corp.

     25,288        755,100  

REV Group, Inc.(a)

     78,182        893,620  

Spartan Motors, Inc.

     42,401        581,742  

SPX Corp.*

     16,502        660,245  

SPX FLOW, Inc.*

     39,890        1,574,059  

Standex International Corp.

     14,370        1,048,148  

Tennant Co.

     7,150        505,505  

TriMas Corp.*

     46,305        1,419,248  

Twin Disc, Inc.*

     16,972        179,733  

Wabash National Corp.

     104,926        1,522,476  

Welbilt, Inc.*(a)

     202,669      3,416,999  
     

 

 

 
Total Machinery

 

     42,407,300  
Marine – 0.2%

 

Matson, Inc.

     49,937        1,873,137  
Media – 1.6%

 

Emerald Expositions Events, Inc.

     71,183        692,611  

EW Scripps Co. (The) Class A

     35,377        469,806  

Gannett Co., Inc.

     114,756        1,232,479  

Gray Television, Inc.*(a)

     139,401        2,275,024  

Lee Enterprises, Inc.*

     168,720        344,189  

Loral Space & Communications, Inc.*

     53,669        2,221,897  

MSG Networks, Inc. Class A*(a)

     133,439        2,164,380  

National CineMedia, Inc.

     308,149        2,526,822  

New Media Investment Group, Inc.(a)

     34,143        300,800  

Scholastic Corp.

     1,697        64,079  

TechTarget, Inc.*

     20,352        458,429  
     

 

 

 
Total Media

 

     12,750,516  
Metals & Mining – 2.3%

 

AK Steel Holding Corp.*(a)

     428,003        971,567  

Carpenter Technology Corp.

     58,236        3,008,472  

Century Aluminum Co.*(a)

     60,436        400,993  

Compass Minerals International, Inc.

     26,537        1,499,075  

Gold Resource Corp.(a)

     38,259        116,690  

Kaiser Aluminum Corp.

     16,891        1,671,702  

Materion Corp.

     16,841        1,033,364  

Olympic Steel, Inc.

     32,014        461,002  

Ramaco Resources, Inc.*

     66,616        248,811  

Ryerson Holding Corp.*

     241,590        2,060,763  

Schnitzer Steel Industries, Inc. Class A

     76,950        1,589,787  

Synalloy Corp.

     13,710        218,674  

Universal Stainless & Alloy Products, Inc.*(a)

     8,952        139,651  

Warrior Met Coal, Inc.(a)

     263,301        5,139,635  
     

 

 

 
Total Metals & Mining

 

     18,560,186  
Multi-Utilities – 0.1%

 

Unitil Corp.

     10,635        674,684  
Multiline Retail – 0.7%

 

Big Lots, Inc.

     99,066        2,427,117  

Dillard’s, Inc. Class A(a)

     45,531        3,010,054  
     

 

 

 
Total Multiline Retail

 

     5,437,171  
Oil, Gas & Consumable Fuels – 3.8%

 

Adams Resources & Energy, Inc.

     3,376        104,656  

Arch Coal, Inc. Class A(a)

     54,845        4,069,499  

Bonanza Creek Energy, Inc.*

     94,456        2,114,870  

Callon Petroleum Co.*(a)

     382,133        1,658,457  

Carrizo Oil & Gas, Inc.*(a)

     127,293        1,092,810  

CONSOL Energy, Inc.*

     71,879        1,123,469  

Contura Energy, Inc.*

     39,819        1,113,339  

Denbury Resources, Inc.*(a)

     1,184,841        1,409,961  

Earthstone Energy, Inc. Class A*

     44,364        144,183  

Evolution Petroleum Corp.

     39,314        229,594  

Gulfport Energy Corp.*(a)

     890,026        2,411,970  

Hallador Energy Co.

     21,323        77,189  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  

NACCO Industries, Inc. Class A

     15,557      $ 994,248  

Overseas Shipholding Group, Inc. Class A*

     655,392        1,146,936  

Panhandle Oil and Gas, Inc. Class A

     3,432        47,979  

Par Pacific Holdings, Inc.*

     48,164        1,101,029  

Penn Virginia Corp.*(a)

     3,069        89,216  

Renewable Energy Group, Inc.*(a)

     83,678        1,255,588  

REX American Resources Corp.*

     9,369        715,136  

Ring Energy, Inc.*(a)

     54,874        89,993  

SilverBow Resources, Inc.*(a)

     32,281        312,803  

SRC Energy, Inc.*

     830,495        3,870,107  

Unit Corp.*

     38,010        128,474  

W&T Offshore, Inc.*

     814,651        3,560,025  

World Fuel Services Corp.

     24,992        998,181  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     29,859,712  
Paper & Forest Products – 0.9%

 

Boise Cascade Co.

     72,432        2,360,559  

Clearwater Paper Corp.*

     31,669        668,849  

Neenah, Inc.

     9,796        637,916  

PH Glatfelter Co.

     15,150        233,158  

Schweitzer-Mauduit International, Inc.

     53,770        2,013,149  

Verso Corp. Class A*

     65,042        805,220  
     

 

 

 
Total Paper & Forest Products

 

     6,718,851  
Personal Products – 0.3%

 

elf Beauty, Inc.*

     25,770        451,233  

Inter Parfums, Inc.

     13,702        958,729  

Lifevantage Corp.*

     9,474        129,794  

Medifast, Inc.(a)

     6,079        629,967  

Natural Health Trends Corp.(a)

     30,620        216,789  
     

 

 

 
Total Personal Products

 

     2,386,512  
Pharmaceuticals – 0.7%

 

ANI Pharmaceuticals, Inc.*

     4,585        334,155  

Corcept Therapeutics, Inc.*

     76,333        1,078,967  

Innoviva, Inc.*

     196,280        2,068,791  

Phibro Animal Health Corp. Class A

     34,839        743,116  

Prestige Consumer Healthcare, Inc.*

     38,640        1,340,421  
     

 

 

 
Total Pharmaceuticals

 

     5,565,450  
Professional Services – 1.2%

 

Barrett Business Services, Inc.

     9,440        838,461  

BG Staffing, Inc.

     12,690        242,506  

CBIZ, Inc.*

     54,822        1,288,317  

CRA International, Inc.

     6,260        262,732  

Forrester Research, Inc.

     6,149        197,629  

GP Strategies Corp.*

     18,109        232,519  

Heidrick & Struggles International, Inc.

     13,398        365,765  

ICF International, Inc.

     13,700        1,157,239  

InnerWorkings, Inc.*

     41,500        183,845  

Kelly Services, Inc. Class A

     64,312        1,557,637  

Kforce, Inc.

     30,268        1,145,190  

Mistras Group, Inc.*

     12,136        199,030  

Navigant Consulting, Inc.

     18,796        525,348  

Resources Connection, Inc.

     23,126        392,911  

TrueBlue, Inc.*

     50,096        1,057,026  

Willdan Group, Inc.*(a)

     5,885      206,446  
     

 

 

 
Total Professional Services

 

     9,852,601  
Real Estate Management & Development – 0.6%

 

Consolidated-Tomoka Land Co.

     6,632        435,059  

Five Point Holdings LLC Class A*(a)

     126,181        946,358  

FRP Holdings, Inc.*

     819        39,328  

Marcus & Millichap, Inc.*(a)

     29,615        1,051,036  

RE/MAX Holdings, Inc. Class A

     23,818        765,987  

RMR Group, Inc. (The) Class A

     21,716        987,644  

St. Joe Co. (The)*(a)

     31,871        545,950  
     

 

 

 
Total Real Estate Management & Development

 

     4,771,362  
Road & Rail – 1.0%

 

ArcBest Corp.

     27,261        830,098  

Covenant Transportation Group, Inc. Class A*

     30,104        494,910  

Heartland Express, Inc.

     52,506        1,129,404  

Marten Transport Ltd.

     49,139        1,021,108  

PAM Transportation Services, Inc.*

     8,404        496,760  

Saia, Inc.*

     29,349        2,750,001  

Universal Logistics Holdings, Inc.

     45,455        1,058,192  

US Xpress Enterprises, Inc. Class A*(a)

     15,911        76,691  

USA Truck, Inc.*

     10,385        83,392  
     

 

 

 
Total Road & Rail

 

     7,940,556  
Semiconductors & Semiconductor Equipment – 2.5%

 

ACM Research, Inc. Class A*(a)

     12,942        179,376  

Advanced Energy Industries, Inc.*

     75,126        4,312,984  

Amkor Technology, Inc.*

     415,155        3,777,910  

Axcelis Technologies, Inc.*

     42,121        719,848  

AXT, Inc.*

     50,956        181,403  

Ceva, Inc.*

     6,781        202,481  

Cohu, Inc.

     31,173        420,991  

CyberOptics Corp.*

     3,377        48,359  

Diodes, Inc.*

     45,009        1,807,111  

Enphase Energy, Inc.*(a)

     61,336        1,363,499  

FormFactor, Inc.*

     29,426        548,648  

Nanometrics, Inc.*

     35,709        1,164,828  

NVE Corp.

     2,670        177,154  

Photronics, Inc.*

     49,691        540,638  

Power Integrations, Inc.

     18,723        1,693,121  

Rudolph Technologies, Inc.*

     40,180        1,059,145  

Ultra Clean Holdings, Inc.*

     130,803        1,914,302  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     20,111,798  
Software – 0.6%

 

American Software, Inc. Class A

     19,308        290,006  

Appfolio, Inc. Class A*(a)

     5,458        519,274  

Ebix, Inc.(a)

     43,224        1,819,730  

MicroStrategy, Inc. Class A*

     4,622        685,766  

Monotype Imaging Holdings, Inc.

     4,295        85,084  

Progress Software Corp.

     29,082        1,106,861  

QAD, Inc. Class A

     1,762        81,369  

SPS Commerce, Inc.*

     7,084        333,444  

Zix Corp.*

     12,223        88,495  
     

 

 

 
Total Software

 

     5,010,029  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  
Specialty Retail – 6.6%

 

Abercrombie & Fitch Co. Class A

     63,810      $ 995,436  

America’s Car-Mart, Inc.*

     9,322        854,827  

Asbury Automotive Group, Inc.*

     41,282        4,224,387  

At Home Group, Inc.*(a)

     31,119        299,365  

Bed Bath & Beyond, Inc.(a)

     518,569        5,517,574  

Boot Barn Holdings, Inc.*

     30,729        1,072,442  

Buckle, Inc. (The)

     85,709        1,765,606  

Caleres, Inc.

     53,590        1,254,542  

Camping World Holdings, Inc. Class A(a)

     217,847        1,938,838  

Cato Corp. (The) Class A

     33,918        597,296  

Chico’s FAS, Inc.

     227,268        915,890  

Children’s Place, Inc. (The)

     22,738        1,750,599  

Citi Trends, Inc.

     18,570        339,831  

Conn’s, Inc.*(a)

     39,057        970,957  

Container Store Group, Inc. (The)*(a)

     29,797        131,703  

Express, Inc.*

     102,100        351,224  

GameStop Corp. Class A(a)

     363,937        2,008,932  

Genesco, Inc.*

     20,103        804,522  

Group 1 Automotive, Inc.

     55,298        5,104,558  

Guess?, Inc.(a)

     39,662        734,937  

Haverty Furniture Cos., Inc.

     25,716        521,263  

Hibbett Sports, Inc.*(a)

     40,478        926,946  

J. Jill, Inc.(a)

     110,458        209,870  

Kirkland’s, Inc.*(a)

     9,184        14,143  

Lithia Motors, Inc. Class A

     64,283        8,509,784  

Lumber Liquidators Holdings, Inc.*(a)

     6,839        67,501  

MarineMax, Inc.*

     33,350        516,258  

Office Depot, Inc.

     804,473        1,411,850  

Party City Holdco, Inc.*(a)

     215,796        1,232,195  

Shoe Carnival, Inc.

     18,326        593,946  

Sleep Number Corp.*

     27,704        1,144,729  

Sonic Automotive, Inc. Class A

     81,095        2,547,194  

Sportsman’s Warehouse Holdings, Inc.*(a)

     76,024        393,804  

Tailored Brands, Inc.

     131,978        580,703  

Tile Shop Holdings, Inc.

     35,341        112,738  

Tilly’s, Inc. Class A

     38,197        360,580  

Vitamin Shoppe, Inc.*

     40,998        267,307  

Winmark Corp.

     3,079        543,105  

Zumiez, Inc.*

     28,315        896,878  
     

 

 

 
Total Specialty Retail

 

     52,484,260  
Technology Hardware, Storage & Peripherals – 0.1%

 

Immersion Corp.*

     87,346        668,197  
Textiles, Apparel & Luxury Goods – 0.8%

 

Crocs, Inc.*

     8,937        248,091  

Culp, Inc.

     13,919        226,880  

G-III Apparel Group Ltd.*

     63,073        1,625,391  

Movado Group, Inc.

     23,500        584,210  

Oxford Industries, Inc.

     14,856        1,065,175  

Superior Group of Cos., Inc.

     17,479        281,761  

Unifi, Inc.*

     13,405        293,838  

Vera Bradley, Inc.*

     35,938        362,974  

Vince Holding Corp.*(a)

     100,319        1,905,058  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     6,593,378  
Thrifts & Mortgage Finance – 4.0%

 

Axos Financial, Inc.*

     69,536      1,922,670  

Capitol Federal Financial, Inc.

     86,945        1,198,102  

Dime Community Bancshares, Inc.

     42,696        914,121  

Federal Agricultural Mortgage Corp. Class C

     20,019        1,634,752  

First Defiance Financial Corp.

     22,170        642,154  

Flagstar Bancorp, Inc.

     76,125        2,843,269  

FS Bancorp, Inc.

     4,379        229,897  

Home Bancorp, Inc.

     10,194        397,464  

HomeStreet, Inc.*

     20,365        556,372  

Kearny Financial Corp.

     28,956        377,586  

Luther Burbank Corp.

     78,318        887,343  

Merchants Bancorp

     37,685        623,310  

Meridian Bancorp, Inc.

     50,036        938,175  

Meta Financial Group, Inc.

     32,181        1,049,422  

NMI Holdings, Inc. Class A*

     58,780        1,543,563  

Northfield Bancorp, Inc.

     35,098        563,674  

Northwest Bancshares, Inc.

     72,870        1,194,339  

OceanFirst Financial Corp.

     32,097        757,489  

Ocwen Financial Corp.*

     141,368        265,772  

OP Bancorp

     15,213        148,783  

Oritani Financial Corp.

     46,454        822,004  

PCSB Financial Corp.

     3,671        73,383  

PennyMac Financial Services, Inc.*

     57,563        1,748,764  

Provident Financial Services, Inc.

     55,913        1,371,546  

Riverview Bancorp, Inc.

     22,313        164,670  

Southern Missouri Bancorp, Inc.

     7,953        289,728  

Sterling Bancorp, Inc.

     82,278        803,033  

Territorial Bancorp, Inc.

     9,672        276,426  

Timberland Bancorp, Inc.

     9,221        253,577  

TrustCo Bank Corp.

     99,363        809,808  

United Community Financial Corp.

     46,734        503,793  

United Financial Bancorp, Inc.

     49,798        678,747  

Walker & Dunlop, Inc.

     45,834        2,563,496  

Waterstone Financial, Inc.

     25,376        435,960  

Western New England Bancorp, Inc.

     20,559        195,927  

WSFS Financial Corp.

     43,948        1,938,107  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     31,617,226  
Tobacco – 0.4%

 

Turning Point Brands, Inc.(a)

     13,892        320,349  

Universal Corp.

     32,457        1,778,968  

Vector Group Ltd.(a)

     78,131        930,544  
     

 

 

 
Total Tobacco

 

     3,029,861  
Trading Companies & Distributors – 2.0%

 

BlueLinx Holdings, Inc.*(a)

     17,720        572,888  

BMC Stock Holdings, Inc.*

     113,709        2,976,902  

CAI International, Inc.*(a)

     58,502        1,273,588  

DXP Enterprises, Inc.*

     14,858        515,870  

EVI Industries, Inc.(a)

     2,153        68,724  

GMS, Inc.*

     53,436        1,534,682  

H&E Equipment Services, Inc.

     60,153        1,736,016  

Herc Holdings, Inc.*

     25,437        1,183,075  

Kaman Corp.

     16,460        978,712  

Lawson Products, Inc.*

     2,254        87,297  

MRC Global, Inc.*

     28,424        344,783  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. SmallCap Fund (EES)

September 30, 2019

 

 

 

Investments    Shares      Value  

NOW, Inc.*(a)

     50,726      $ 581,827  

Rush Enterprises, Inc. Class A

     59,857        2,309,283  

Systemax, Inc.

     40,432        889,908  

Titan Machinery, Inc.*

     5,736        82,254  

Transcat, Inc.*

     6,173        158,090  

Willis Lease Finance Corp.*

     10,091        558,840  
     

 

 

 
Total Trading Companies & Distributors

 

     15,852,739  
Water Utilities – 0.3%

 

Artesian Resources Corp. Class A

     7,102        262,774  

Cadiz, Inc.*(a)

     13,422        167,641  

Connecticut Water Service, Inc.

     5,334        373,700  

Middlesex Water Co.

     9,258        601,400  

SJW Group

     13,488        921,095  

York Water Co. (The)

     5,950        259,777  
     

 

 

 
Total Water Utilities

 

     2,586,387  
Wireless Telecommunication Services – 0.0%

 

Spok Holdings, Inc.

     4,634        55,330  
Total United States

 

     789,684,418  
Puerto Rico – 0.6%

 

Banks – 0.4%

 

First BanCorp

     175,252        1,749,015  

OFG Bancorp

     47,519        1,040,666  
     

 

 

 
Total Banks

 

     2,789,681  
IT Services – 0.2%

 

EVERTEC, Inc.

     44,077        1,376,084  
Total Puerto Rico

 

     4,165,765  

TOTAL COMMON STOCKS

(Cost: $743,765,528)

 

 

     793,850,183  
RIGHTS – 0.0%

 

United States – 0.0%

 

A. Schulman, Inc. CVR*
(Cost: $6,075)
     14,030        6,075  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.1%

 

United States – 5.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(b)

     
(Cost: $40,777,297)(c)      40,777,297        40,777,297  

TOTAL INVESTMENTS IN SECURITIES – 105.0%

(Cost: $784,548,900)

 

 

     834,633,555  

Other Assets less Liabilities – (5.0)%

 

     (39,568,814
  

 

 

 
NET ASSETS – 100.0%

 

   $ 795,064,741  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $6,075, which represents less than a rounded 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(c) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $78,113,255. The Fund also had securities on loan having a total market value of $19,720 that were sold and pending settlement. The total market value of the collateral held by the Fund was $80,763,643. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $39,986,346.

CVR – Contingent Value Rights

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.7%

 

Aerospace & Defense – 0.5%

 

Moog, Inc. Class A

     6,681      $ 541,963  

National Presto Industries, Inc.(a)

     932        83,032  
     

 

 

 
Total Aerospace & Defense

 

     624,995  
Airlines – 1.0%

 

Allegiant Travel Co.

     6,112        914,722  

Hawaiian Holdings, Inc.

     13,001        341,406  
     

 

 

 
Total Airlines

 

     1,256,128  
Auto Components – 2.6%

 

Cooper Tire & Rubber Co.

     11,371        297,010  

Dana, Inc.

     71,558        1,033,297  

LCI Industries

     16,289        1,496,145  

Standard Motor Products, Inc.

     6,434        312,371  
     

 

 

 
Total Auto Components

 

     3,138,823  
Automobiles – 0.3%

 

Winnebago Industries, Inc.

     10,382        398,150  
Banks – 6.0%

 

1st Source Corp.

     10,093        461,553  

Enterprise Financial Services Corp.

     5,067        206,480  

FB Financial Corp.

     4,710        176,860  

First Financial Bancorp

     52,717        1,290,249  

FNCB Bancorp, Inc.

     3,377        26,374  

Great Western Bancorp, Inc.

     29,129        961,257  

Hanmi Financial Corp.

     26,060        489,407  

Heartland Financial USA, Inc.

     6,775        303,113  

LegacyTexas Financial Group, Inc.

     21,346        929,191  

Live Oak Bancshares, Inc.

     4,779        86,500  

Plumas Bancorp

     1,368        27,634  

Preferred Bank

     5,953        311,818  

ServisFirst Bancshares, Inc.

     11,761        389,877  

South State Corp.

     14,322        1,078,447  

Stock Yards Bancorp, Inc.

     10,666        391,336  

West Bancorporation, Inc.

     2,715        59,024  
     

 

 

 
Total Banks

 

     7,189,120  
Beverages – 0.2%

 

Coca-Cola Consolidated, Inc.

     565        171,687  

MGP Ingredients, Inc.(a)

     1,633        81,127  
     

 

 

 
Total Beverages

 

     252,814  
Building Products – 2.1%

 

AAON, Inc.

     7,504        344,734  

Apogee Enterprises, Inc.

     8,817        343,775  

Griffon Corp.

     19,989        419,169  

Insteel Industries, Inc.

     1,598        32,807  

Simpson Manufacturing Co., Inc.

     12,199        846,244  

Universal Forest Products, Inc.

     13,527        539,457  
     

 

 

 
Total Building Products

 

     2,526,186  
Capital Markets – 7.3%

 

Artisan Partners Asset Management, Inc. Class A

     93,542        2,641,626  

B. Riley Financial, Inc.

     7,349        173,583  

Cohen & Steers, Inc.

     29,074      1,597,035  

Diamond Hill Investment Group, Inc.

     3,080        425,441  

Houlihan Lokey, Inc.

     16,446        741,715  

Moelis & Co. Class A

     39,653        1,302,601  

Silvercrest Asset Management Group, Inc. Class A

     4,161        51,180  

Virtus Investment Partners, Inc.

     3,272        361,785  

Waddell & Reed Financial, Inc. Class A

     72,450        1,244,691  

Westwood Holdings Group, Inc.

     11,176        309,240  
     

 

 

 
Total Capital Markets

 

     8,848,897  
Chemicals – 7.2%

 

Balchem Corp.

     2,849        282,592  

Cabot Corp.

     30,460        1,380,447  

Chase Corp.

     1,275        139,472  

FutureFuel Corp.

     11,167        133,334  

H.B. Fuller Co.

     13,029        606,630  

Innophos Holdings, Inc.

     26,276        852,919  

Innospec, Inc.

     5,562        495,797  

Kronos Worldwide, Inc.

     120,224        1,487,171  

Minerals Technologies, Inc.

     2,424        128,690  

PolyOne Corp.

     36,397        1,188,362  

Quaker Chemical Corp.

     1,748        276,429  

Sensient Technologies Corp.

     17,760        1,219,224  

Stepan Co.

     4,913        476,856  
     

 

 

 
Total Chemicals

 

     8,667,923  
Commercial Services & Supplies – 8.7%

 

ABM Industries, Inc.

     28,464        1,033,812  

ACCO Brands Corp.

     58,195        574,385  

Brady Corp. Class A

     16,171        857,872  

Deluxe Corp.

     21,427        1,053,351  

Ennis, Inc.

     21,253        429,523  

Herman Miller, Inc.

     24,102        1,110,861  

HNI Corp.

     23,348        828,854  

Interface, Inc.

     16,970        245,047  

Kimball International, Inc. Class B

     12,827        247,561  

Knoll, Inc.

     26,979        683,918  

Matthews International Corp. Class A

     10,060        356,023  

McGrath RentCorp

     10,049        699,310  

Mobile Mini, Inc.

     21,936        808,561  

Steelcase, Inc. Class A

     51,959        956,046  

U.S. Ecology, Inc.

     3,898        249,238  

UniFirst Corp.

     784        152,974  

Viad Corp.

     2,770        186,005  

VSE Corp.

     1,795        61,192  
     

 

 

 
Total Commercial Services & Supplies

 

     10,534,533  
Communications Equipment – 0.8%

 

InterDigital, Inc.

     11,385        597,371  

Plantronics, Inc.

     11,054        412,535  
     

 

 

 
Total Communications Equipment

 

     1,009,906  
Construction & Engineering – 1.1%

 

Argan, Inc.

     6,246        245,405  

Comfort Systems USA, Inc.

     4,728        209,120  

Primoris Services Corp.

     8,876        174,058  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Valmont Industries, Inc.

     4,636      $ 641,808  
     

 

 

 
Total Construction & Engineering

 

     1,270,391  
Construction Materials – 0.0%

 

United States Lime & Minerals, Inc.

     695        53,168  
Containers & Packaging – 1.6%

 

Greif, Inc. Class A

     17,393        659,021  

Owens-Illinois, Inc.

     31,272        321,163  

Silgan Holdings, Inc.

     29,772        894,202  
     

 

 

 
Total Containers & Packaging

 

     1,874,386  
Distributors – 0.4%

 

Core-Mark Holding Co., Inc.

     13,628        437,663  

Weyco Group, Inc.

     4,239        95,844  
     

 

 

 
Total Distributors

 

     533,507  
Diversified Consumer Services – 0.1%

 

Carriage Services, Inc.

     6,358        129,958  
Electric Utilities – 1.6%

 

MGE Energy, Inc.

     11,818        943,903  

Otter Tail Corp.

     17,413        935,949  
     

 

 

 
Total Electric Utilities

 

     1,879,852  
Electrical Equipment – 0.3%

 

Allied Motion Technologies, Inc.

     415        14,654  

AZZ, Inc.

     6,622        288,454  

Encore Wire Corp.

     616        34,668  
     

 

 

 
Total Electrical Equipment

 

     337,776  
Electronic Equipment, Instruments & Components – 1.4%

 

Badger Meter, Inc.

     5,401        290,034  

CTS Corp.

     3,392        109,765  

KEMET Corp.(a)

     11,096        201,725  

Methode Electronics, Inc.

     12,229        411,384  

MTS Systems Corp.

     8,030        443,657  

PC Connection, Inc.

     5,039        196,017  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     1,652,582  
Entertainment – 0.1%

 

Marcus Corp. (The)

     4,733        175,168  
Equity Real Estate Investment Trusts (REITs) – 4.0%

 

Brookfield Property REIT, Inc. Class A(a)

     138,782        2,829,765  

PotlatchDeltic Corp.(a)

     49,865        2,048,704  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     4,878,469  
Food & Staples Retailing – 0.9%

 

Ingles Markets, Inc. Class A

     5,343        207,629  

PriceSmart, Inc.

     5,830        414,513  

Weis Markets, Inc.

     12,255        467,406  
     

 

 

 
Total Food & Staples Retailing

 

     1,089,548  
Food Products – 1.2%

 

Calavo Growers, Inc.(a)

     3,454        328,752  

J&J Snack Foods Corp.

     3,686        707,712  

John B. Sanfilippo & Son, Inc.

     1,332        128,671  

Limoneira Co.

     3,577        65,674  

Tootsie Roll Industries, Inc.

     7,109        264,028  
     

 

 

 
Total Food Products

 

     1,494,837  
Gas Utilities – 0.4%

 

Chesapeake Utilities Corp.

     4,370      416,548  

RGC Resources, Inc.

     2,187        63,948  
     

 

 

 
Total Gas Utilities

 

     480,496  
Health Care Equipment & Supplies – 0.8%

 

Atrion Corp.

     215        167,522  

CONMED Corp.

     5,935        570,650  

LeMaitre Vascular, Inc.

     3,661        125,133  

Utah Medical Products, Inc.

     837        80,218  
     

 

 

 
Total Health Care Equipment & Supplies

 

     943,523  
Health Care Providers & Services – 1.5%

 

Ensign Group, Inc. (The)

     3,659        173,546  

Patterson Cos., Inc.

     76,843        1,369,342  

U.S. Physical Therapy, Inc.

     1,776        231,857  
     

 

 

 
Total Health Care Providers & Services

 

     1,774,745  
Health Care Technology – 0.1%

 

Simulations Plus, Inc.

     3,659        126,967  
Hotels, Restaurants & Leisure – 2.2%

 

BBX Capital Corp.

     9,436        44,066  

BJ’s Restaurants, Inc.

     3,200        124,288  

Bloomin’ Brands, Inc.

     30,326        574,071  

Boyd Gaming Corp.

     18,899        452,631  

Cheesecake Factory, Inc. (The)(a)

     22,451        935,758  

Dave & Buster’s Entertainment, Inc.

     8,611        335,398  

RCI Hospitality Holdings, Inc.

     964        19,936  

Ruth’s Hospitality Group, Inc.

     10,028        204,722  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     2,690,870  
Household Durables – 2.8%

 

Bassett Furniture Industries, Inc.

     4,648        71,114  

Ethan Allen Interiors, Inc.

     18,265        348,862  

Flexsteel Industries, Inc.

     4,955        73,433  

Hooker Furniture Corp.

     3,975        85,224  

KB Home

     7,563        257,142  

La-Z-Boy, Inc.

     15,883        533,510  

Lifetime Brands, Inc.

     5,387        47,675  

MDC Holdings, Inc.

     44,946        1,937,173  
     

 

 

 
Total Household Durables

 

     3,354,133  
Household Products – 0.5%

 

Oil-Dri Corp. of America

     3,063        104,326  

WD-40 Co.(a)

     2,795        512,994  
     

 

 

 
Total Household Products

 

     617,320  
Independent Power & Renewable Electricity Producers – 0.4%

 

Ormat Technologies, Inc.

     6,366        472,930  
Industrial Conglomerates – 0.2%

 

Raven Industries, Inc.

     8,065        269,855  
Insurance – 1.4%

 

AMERISAFE, Inc.

     4,698        310,585  

Employers Holdings, Inc.

     10,317        449,615  

HCI Group, Inc.

     4,410        185,396  

Independence Holding Co.

     2,011        77,604  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Investors Title Co.

     292      $ 46,749  

Kingstone Cos., Inc.

     5,001        42,608  

Kinsale Capital Group, Inc.

     1,718        177,487  

United Insurance Holdings Corp.

     9,813        137,284  

Universal Insurance Holdings, Inc.

     9,531        285,835  
     

 

 

 
Total Insurance

 

     1,713,163  
Internet & Direct Marketing Retail – 0.3%

 

PetMed Express, Inc.(a)

     16,617        299,438  
IT Services – 3.7%

 

CSG Systems International, Inc.

     14,055        726,362  

Hackett Group, Inc. (The)

     10,071        165,769  

KBR, Inc.

     45,087        1,106,435  

NIC, Inc.

     28,938        597,570  

Science Applications International Corp.

     12,931        1,129,523  

TTEC Holdings, Inc.

     16,149        773,214  
     

 

 

 
Total IT Services

 

     4,498,873  
Leisure Products – 0.5%

 

Callaway Golf Co.

     3,953        76,728  

Johnson Outdoors, Inc. Class A

     1,337        78,295  

Marine Products Corp.

     13,438        190,282  

Sturm Ruger & Co., Inc.

     4,618        192,847  
     

 

 

 
Total Leisure Products

 

     538,152  
Machinery – 6.9%

 

Alamo Group, Inc.

     1,103        129,845  

Albany International Corp. Class A

     4,662        420,326  

Altra Industrial Motion Corp.

     26,782        741,727  

Briggs & Stratton Corp.

     28,050        169,983  

Douglas Dynamics, Inc.

     10,696        476,721  

EnPro Industries, Inc.

     5,102        350,252  

ESCO Technologies, Inc.

     1,965        156,335  

Federal Signal Corp.

     15,008        491,362  

Franklin Electric Co., Inc.

     8,781        419,820  

Gorman-Rupp Co. (The)

     6,849        238,277  

Greenbrier Cos., Inc. (The)

     12,742        383,789  

Helios Technologies, Inc.

     4,947        200,700  

Hillenbrand, Inc.

     20,840        643,539  

Hyster-Yale Materials Handling, Inc.

     4,095        224,119  

John Bean Technologies Corp.

     2,849        283,276  

Kadant, Inc.

     1,788        156,969  

Lindsay Corp.(a)

     2,176        202,042  

Miller Industries, Inc.

     4,789        159,474  

Mueller Industries, Inc.

     15,367        440,726  

Mueller Water Products, Inc. Class A

     51,302        576,634  

Omega Flex, Inc.

     2,900        296,525  

Park-Ohio Holdings Corp.

     3,171        94,686  

REV Group, Inc.(a)

     21,164        241,904  

Standex International Corp.

     2,348        171,263  

Tennant Co.

     4,658        329,321  

Wabash National Corp.

     22,091        320,540  
     

 

 

 
Total Machinery

 

     8,320,155  
Marine – 0.5%

 

Matson, Inc.

     16,530        620,040  
Media – 4.5%

 

Entercom Communications Corp. Class A(a)

     130,651      436,374  

Entravision Communications Corp. Class A

     77,526        246,533  

John Wiley & Sons, Inc. Class A

     21,668        952,092  

Meredith Corp.

     27,510        1,008,517  

Saga Communications, Inc. Class A

     706        21,003  

Sinclair Broadcast Group, Inc. Class A

     34,062        1,455,810  

TEGNA, Inc.

     81,350        1,263,365  
     

 

 

 
Total Media

 

     5,383,694  
Metals & Mining – 2.6%

 

Carpenter Technology Corp.

     17,142        885,556  

Commercial Metals Co.

     54,837        953,067  

Materion Corp.

     3,084        189,234  

Schnitzer Steel Industries, Inc. Class A

     13,600        280,976  

Worthington Industries, Inc.

     24,612        887,263  
     

 

 

 
Total Metals & Mining

 

     3,196,096  
Multiline Retail – 0.6%

 

Big Lots, Inc.

     28,387        695,482  
Oil, Gas & Consumable Fuels – 0.3%

 

Evolution Petroleum Corp.

     31,065        181,419  

NACCO Industries, Inc. Class A

     1,803        115,230  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     296,649  
Paper & Forest Products – 1.7%

 

Boise Cascade Co.

     10,056        327,725  

Neenah, Inc.

     7,826        509,629  

Schweitzer-Mauduit International, Inc.

     33,785        1,264,911  
     

 

 

 
Total Paper & Forest Products

 

     2,102,265  
Personal Products – 0.8%

 

Inter Parfums, Inc.

     9,570        669,613  

Medifast, Inc.(a)

     2,902        300,734  

Natural Health Trends Corp.(a)

     5,112        36,193  
     

 

 

 
Total Personal Products

 

     1,006,540  
Pharmaceuticals – 0.1%

 

Phibro Animal Health Corp. Class A

     4,966        105,925  
Professional Services – 1.8%

 

Barrett Business Services, Inc.

     2,015        178,972  

CRA International, Inc.

     2,303        96,657  

Exponent, Inc.

     8,659        605,264  

ICF International, Inc.

     2,499        211,091  

Kelly Services, Inc. Class A

     8,331        201,777  

Kforce, Inc.

     10,065        380,809  

Korn Ferry

     8,509        328,788  

Navigant Consulting, Inc.

     5,895        164,765  
     

 

 

 
Total Professional Services

 

     2,168,123  
Real Estate Management & Development – 0.5%

 

Consolidated-Tomoka Land Co.

     546        35,818  

Realogy Holdings Corp.(a)

     41,202        275,229  

RMR Group, Inc. (The) Class A

     5,639        256,462  
     

 

 

 
Total Real Estate Management & Development

 

     567,509  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

September 30, 2019

 

 

 

Investments    Shares      Value  
Road & Rail – 1.2%

 

ArcBest Corp.

     3,801      $ 115,740  

Heartland Express, Inc.

     5,860        126,049  

Marten Transport Ltd.

     5,150        107,017  

Schneider National, Inc. Class B

     18,846        409,335  

Universal Logistics Holdings, Inc.

     10,124        235,687  

Werner Enterprises, Inc.

     13,641        481,527  
     

 

 

 
Total Road & Rail

 

     1,475,355  
Semiconductors & Semiconductor Equipment – 0.4%

 

Power Integrations, Inc.

     5,160        466,619  
Software – 0.1%

 

Ebix, Inc.(a)

     3,642        153,328  
Specialty Retail – 6.5%

 

Buckle, Inc. (The)

     43,452        895,111  

Caleres, Inc.

     7,171        167,873  

Chico’s FAS, Inc.

     126,602        510,206  

Children’s Place, Inc. (The)(a)

     5,926        456,243  

Designer Brands, Inc. Class A

     52,379        896,729  

Dick’s Sporting Goods, Inc.

     32,210        1,314,490  

Group 1 Automotive, Inc.

     6,622        611,277  

Guess?, Inc.

     59,849        1,109,002  

Haverty Furniture Cos., Inc.

     11,997        243,179  

Lithia Motors, Inc. Class A

     6,323        837,039  

Monro, Inc.(a)

     5,904        466,475  

Shoe Carnival, Inc.

     2,624        85,044  

Sonic Automotive, Inc. Class A

     9,220        289,600  
     

 

 

 
Total Specialty Retail

 

     7,882,268  
Technology Hardware, Storage & Peripherals – 0.0%

 

AstroNova, Inc.

     1,724        27,877  
Textiles, Apparel & Luxury Goods – 1.4%

 

Culp, Inc.

     4,295        70,008  

Oxford Industries, Inc.

     5,576        399,799  

Rocky Brands, Inc.

     2,577        85,634  

Steven Madden Ltd.

     28,577        1,022,771  

Superior Group of Cos., Inc.

     5,815        93,738  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     1,671,950  
Thrifts & Mortgage Finance – 2.1%

 

FS Bancorp, Inc.

     976        51,240  

Hingham Institution for Savings

     263        49,707  

Timberland Bancorp, Inc.

     2,965        81,537  

Walker & Dunlop, Inc.

     12,419        694,595  

Washington Federal, Inc.

     37,040        1,370,110  

WSFS Financial Corp.

     5,837        257,412  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     2,504,601  
Trading Companies & Distributors – 2.0%

 

Applied Industrial Technologies, Inc.

     12,971        736,753  

H&E Equipment Services, Inc.

     31,572        911,168  

Kaman Corp.

     6,408        381,020  

Rush Enterprises, Inc. Class A

     7,216        278,393  

Rush Enterprises, Inc. Class B

     1,901        75,907  
     

 

 

 
Total Trading Companies & Distributors

 

     2,383,241  
Water Utilities – 1.4%

 

American States Water Co.

     9,834      883,683  

SJW Group

     9,020        615,976  

York Water Co. (The)

     4,321        188,655  
     

 

 

 
Total Water Utilities

 

     1,688,314  
Wireless Telecommunication Services – 0.1%

 

Shenandoah Telecommunications Co.

     4,798        152,432  
Total United States

 

     120,466,045  
Puerto Rico – 0.2%

 

IT Services – 0.2%

 

EVERTEC, Inc.

     8,878        277,171  

TOTAL COMMON STOCKS

(Cost: $109,356,476)

 

 

     120,743,216  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.7%

 

United States – 3.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(b)

     
(Cost: $4,506,158)(c)      4,506,158        4,506,158  

TOTAL INVESTMENTS IN SECURITIES – 103.6%

(Cost: $113,862,634)

 

 

     125,249,374  

Other Assets less Liabilities – (3.6)%

 

     (4,379,663
     

 

 

 
NET ASSETS – 100.0%

 

   $ 120,869,711  
(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(c) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $5,819,500 and the total market value of the collateral held by the Fund was $5,973,954. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,467,796.

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

United States – 99.7%

 

Aerospace & Defense – 2.7%

 

AAR Corp.

     782      $ 32,226  

Arconic, Inc.

     5,038        130,988  

Boeing Co. (The)

     15,339        5,836,029  

BWX Technologies, Inc.

     2,263        129,466  

Curtiss-Wright Corp.

     582        75,293  

General Dynamics Corp.

     7,309        1,335,573  

Hexcel Corp.

     552        45,336  

Huntington Ingalls Industries, Inc.

     867        183,622  

L3Harris Technologies, Inc.

     5,365        1,119,354  

Lockheed Martin Corp.

     10,096        3,938,046  

National Presto Industries, Inc.(a)

     877        78,132  

Northrop Grumman Corp.

     3,321        1,244,678  

Raytheon Co.

     6,560        1,287,006  

Triumph Group, Inc.

     7,459        170,662  

United Technologies Corp.

     25,819        3,524,810  
     

 

 

 
Total Aerospace & Defense

 

     19,131,221  
Air Freight & Logistics – 0.7%

 

C.H. Robinson Worldwide, Inc.(a)

     3,783        320,723  

Expeditors International of Washington, Inc.

     3,749        278,513  

FedEx Corp.

     4,043        588,540  

Forward Air Corp.

     575        36,639  

United Parcel Service, Inc. Class B

     30,531        3,658,224  
     

 

 

 
Total Air Freight & Logistics

 

     4,882,639  
Airlines – 0.3%

 

Alaska Air Group, Inc.

     1,911        124,043  

Allegiant Travel Co.

     750        112,245  

American Airlines Group, Inc.(a)

     8,815        237,741  

Delta Air Lines, Inc.

     22,380        1,289,088  

Hawaiian Holdings, Inc.

     866        22,741  

Southwest Airlines Co.

     7,326        395,677  
     

 

 

 
Total Airlines

 

     2,181,535  
Auto Components – 0.1%

 

BorgWarner, Inc.

     5,611        205,811  

Dana, Inc.

     12,998        187,691  

Gentex Corp.

     6,996        192,635  

Goodyear Tire & Rubber Co. (The)

     10,835        156,078  

LCI Industries

     1,530        140,531  

Lear Corp.

     1,509        177,911  
     

 

 

 
Total Auto Components

 

     1,060,657  
Automobiles – 0.9%

 

Ford Motor Co.

     336,592        3,083,183  

General Motors Co.

     72,703        2,724,909  

Harley-Davidson, Inc.

     10,226        367,829  

Thor Industries, Inc.

     3,233        183,117  
     

 

 

 
Total Automobiles

 

     6,359,038  
Banks – 9.2%

 

Associated Banc-Corp.

     4,707        95,317  

Banc of California, Inc.

     7,176        101,469  

BancorpSouth Bank

     3,279        97,091  

Bank of America Corp.

     280,951      8,195,341  

Bank of Marin Bancorp

     2,426        100,655  

Bank OZK

     12,750        347,692  

BankUnited, Inc.

     6,802        228,683  

BB&T Corp.

     30,758        1,641,554  

Berkshire Hills Bancorp, Inc.

     3,803        111,390  

BOK Financial Corp.

     2,664        210,856  

Boston Private Financial Holdings, Inc.

     7,823        91,177  

Cadence BanCorp(a)

     15,101        264,872  

Cathay General Bancorp

     4,826        167,631  

CIT Group, Inc.

     6,517        295,285  

Citigroup, Inc.

     99,483        6,872,286  

Citizens & Northern Corp.

     4,593        120,704  

Citizens Financial Group, Inc.

     22,343        790,272  

Columbia Banking System, Inc.

     3,120        115,128  

Comerica, Inc.

     6,597        435,336  

Commerce Bancshares, Inc.(a)

     1,823        110,565  

Community Bank System, Inc.

     2,144        132,263  

ConnectOne Bancorp, Inc.

     4,081        90,598  

Cullen/Frost Bankers, Inc.

     2,362        209,155  

CVB Financial Corp.

     5,294        110,486  

East West Bancorp, Inc.

     3,954        175,123  

Fifth Third Bancorp

     27,937        764,915  

First Financial Bancorp

     2,262        55,362  

First Financial Bankshares, Inc.

     3,023        100,757  

First Hawaiian, Inc.

     11,787        314,713  

First Horizon National Corp.

     21,839        353,792  

First Republic Bank

     1,725        166,807  

Flushing Financial Corp.

     1,213        24,509  

FNB Corp.

     32,857        378,841  

Fulton Financial Corp.

     8,070        130,573  

Glacier Bancorp, Inc.

     3,667        148,367  

Great Southern Bancorp, Inc.

     2,444        139,186  

Great Western Bancorp, Inc.

     2,886        95,238  

Guaranty Bancshares, Inc.

     2,340        71,581  

Hancock Whitney Corp.

     5,836        223,490  

Hanmi Financial Corp.

     6,562        123,234  

Hilltop Holdings, Inc.

     5,998        143,292  

Home BancShares, Inc.

     13,235        248,752  

Hope Bancorp, Inc.

     21,819        312,884  

Huntington Bancshares, Inc.

     53,167        758,693  

Iberiabank Corp.

     2,114        159,692  

Independent Bank Corp.

     476        35,533  

International Bancshares Corp.

     2,497        96,434  

Investors Bancorp, Inc.

     19,694        223,724  

JPMorgan Chase & Co.

     129,337        15,221,672  

KeyCorp

     57,326        1,022,696  

Lakeland Bancorp, Inc.

     2,836        43,759  

M&T Bank Corp.

     3,418        539,941  

Midland States Bancorp, Inc.

     5,006        130,406  

Old National Bancorp(a)

     8,208        141,219  

Opus Bank

     4,025        87,624  

PacWest Bancorp

     16,553        601,536  

Park National Corp.

     1,193        113,108  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  

People’s United Financial, Inc.

     25,327      $ 395,988  

Pinnacle Financial Partners, Inc.

     2,466        139,946  

PNC Financial Services Group, Inc. (The)

     16,283        2,282,225  

Prosperity Bancshares, Inc.(a)

     2,453        173,255  

Regions Financial Corp.

     51,482        814,445  

Renasant Corp.

     3,302        115,603  

Republic Bancorp, Inc. Class A

     1,673        72,692  

S&T Bancorp, Inc.

     2,826        103,234  

Signature Bank

     1,390        165,716  

South State Corp.

     2,708        203,912  

Sterling Bancorp

     11,582        232,335  

SunTrust Banks, Inc.

     19,216        1,322,061  

Synovus Financial Corp.

     8,478        303,173  

TCF Financial Corp.

     7,468        284,307  

U.S. Bancorp

     56,041        3,101,309  

UMB Financial Corp.

     1,688        109,011  

Umpqua Holdings Corp.

     15,581        256,463  

United Bankshares, Inc.

     6,833        258,766  

United Community Banks, Inc.

     3,854        109,261  

Unity Bancorp, Inc.

     2,027        44,898  

Valley National Bancorp

     22,235        241,694  

Webster Financial Corp.

     1,684        78,929  

Wells Fargo & Co.

     212,008        10,693,684  

Zions Bancorp NA

     5,689        253,274  
     

 

 

 
Total Banks

 

     65,839,440  
Beverages – 2.7%

 

Brown-Forman Corp. Class A

     4,523        270,249  

Brown-Forman Corp. Class B

     4,449        279,308  

Coca-Cola Co. (The)

     164,967        8,980,804  

Constellation Brands, Inc. Class A

     2,511        520,480  

Keurig Dr Pepper, Inc.

     31,679        865,470  

Molson Coors Brewing Co. Class B

     6,331        364,033  

PepsiCo, Inc.

     56,874        7,797,425  
     

 

 

 
Total Beverages

 

     19,077,769  
Biotechnology – 2.0%

 

AbbVie, Inc.

     91,164        6,902,938  

Amgen, Inc.

     21,825        4,223,356  

Gilead Sciences, Inc.

     53,442        3,387,154  
     

 

 

 
Total Biotechnology

 

     14,513,448  
Building Products – 0.2%

 

A.O. Smith Corp.

     4,623        220,563  

Fortune Brands Home & Security, Inc.

     5,235        286,354  

Griffon Corp.

     7,070        148,258  

Lennox International, Inc.

     723        175,667  

Masco Corp.

     7,213        300,638  

Owens Corning

     4,523        285,854  
     

 

 

 
Total Building Products

 

     1,417,334  
Capital Markets – 3.1%

 

Affiliated Managers Group, Inc.

     2,142        178,536  

Ameriprise Financial, Inc.

     5,889        866,272  

Ares Management Corp. Class A

     5,429        145,551  

Artisan Partners Asset Management, Inc. Class A

     12,375        349,470  

Bank of New York Mellon Corp. (The)

     25,447      1,150,459  

BGC Partners, Inc. Class A

     59,586        327,723  

BlackRock, Inc.

     5,960        2,656,014  

CBOE Global Markets, Inc.

     1,727        198,450  

Charles Schwab Corp. (The)

     18,821        787,282  

CME Group, Inc.

     7,533        1,592,024  

Cohen & Steers, Inc.

     4,183        229,772  

E*TRADE Financial Corp.

     2,020        88,254  

Eaton Vance Corp.

     7,622        342,456  

Evercore, Inc. Class A

     1,282        102,688  

FactSet Research Systems, Inc.

     736        178,826  

Federated Investors, Inc. Class B

     7,521        243,756  

Franklin Resources, Inc.

     20,188        582,626  

Goldman Sachs Group, Inc. (The)

     8,580        1,778,033  

Intercontinental Exchange, Inc.

     8,039        741,758  

KKR & Co., Inc. Class A

     15,775        423,559  

Legg Mason, Inc.

     10,198        389,462  

LPL Financial Holdings, Inc.

     3,016        247,010  

MarketAxess Holdings, Inc.

     168        55,020  

Moelis & Co. Class A

     4,143        136,097  

Moody’s Corp.

     2,932        600,562  

Morgan Stanley

     63,097        2,692,349  

MSCI, Inc.

     1,620        352,755  

Nasdaq, Inc.

     3,955        392,929  

Northern Trust Corp.

     4,879        455,308  

Raymond James Financial, Inc.

     2,545        209,861  

S&P Global, Inc.

     3,449        844,936  

SEI Investments Co.

     2,781        164,788  

Silvercrest Asset Management Group, Inc. Class A

     2,132        26,224  

State Street Corp.

     15,526        918,984  

Stifel Financial Corp.

     2,044        117,285  

T. Rowe Price Group, Inc.

     7,714        881,324  

TD Ameritrade Holding Corp.

     14,478        676,123  

Virtu Financial, Inc. Class A(a)

     7,028        114,978  

Waddell & Reed Financial, Inc. Class A

     8,343        143,333  

Westwood Holdings Group, Inc.

     2,477        68,539  
     

 

 

 
Total Capital Markets

 

     22,451,376  
Chemicals – 1.4%

 

Air Products & Chemicals, Inc.

     6,723        1,491,565  

Albemarle Corp.(a)

     2,361        164,137  

Ashland Global Holdings, Inc.

     1,104        85,063  

Cabot Corp.

     2,392        108,405  

Celanese Corp.

     3,031        370,661  

CF Industries Holdings, Inc.

     7,335        360,882  

Chemours Co. (The)

     8,497        126,945  

DuPont de Nemours, Inc.

     26,252        1,872,030  

Eastman Chemical Co.

     5,574        411,528  

Ecolab, Inc.

     4,144        820,678  

FMC Corp.

     2,131        186,846  

Hawkins, Inc.

     1,775        75,438  

Huntsman Corp.

     13,596        316,243  

Innophos Holdings, Inc.

     3,972        128,931  

International Flavors & Fragrances, Inc.(a)

     2,302        282,432  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  

Kronos Worldwide, Inc.

     13,857      $ 171,411  

Mosaic Co. (The)

     1,841        37,741  

Olin Corp.

     11,372        212,884  

PolyOne Corp.

     4,150        135,497  

PPG Industries, Inc.

     4,891        579,632  

Quaker Chemical Corp.

     225        35,582  

RPM International, Inc.

     4,307        296,365  

Scotts Miracle-Gro Co. (The)

     2,460        250,477  

Sensient Technologies Corp.

     1,406        96,522  

Sherwin-Williams Co. (The)

     1,172        644,448  

Valhi, Inc.

     37,576        71,394  

Valvoline, Inc.

     6,982        153,813  

W.R. Grace & Co.

     1,630        108,819  

Westlake Chemical Corp.

     2,811        184,177  
     

 

 

 
Total Chemicals

 

     9,780,546  
Commercial Services & Supplies – 0.6%

 

ABM Industries, Inc.

     3,860        140,195  

ACCO Brands Corp.

     12,465        123,030  

ADT, Inc.(a)

     27,423        171,942  

Cintas Corp.

     1,626        435,931  

Covanta Holding Corp.

     7,593        131,283  

Deluxe Corp.

     2,328        114,444  

Healthcare Services Group, Inc.(a)

     2,897        70,368  

HNI Corp.

     2,489        88,359  

Interface, Inc.

     6,177        89,196  

KAR Auction Services, Inc.(a)

     4,969        121,989  

McGrath RentCorp

     1,073        74,670  

MSA Safety, Inc.

     1,867        203,708  

Quad/Graphics, Inc.

     5,735        60,275  

Republic Services, Inc.

     9,194        795,741  

Rollins, Inc.(a)

     5,316        181,116  

UniFirst Corp.

     199        38,829  

Waste Management, Inc.

     11,699        1,345,385  
     

 

 

 
Total Commercial Services & Supplies

 

     4,186,461  
Communications Equipment – 1.3%

 

ADTRAN, Inc.

     7,661        86,914  

Cisco Systems, Inc.

     164,399        8,122,955  

Juniper Networks, Inc.

     10,111        250,247  

Motorola Solutions, Inc.

     4,537        773,150  
     

 

 

 
Total Communications Equipment

 

     9,233,266  
Construction & Engineering – 0.0%

 

Fluor Corp.

     5,192        99,323  

Jacobs Engineering Group, Inc.

     1,244        113,826  
     

 

 

 
Total Construction & Engineering

 

     213,149  
Construction Materials – 0.0%

 

Martin Marietta Materials, Inc.

     582        159,526  

Vulcan Materials Co.

     737        111,464  
     

 

 

 
Total Construction Materials

 

     270,990  
Consumer Finance – 0.8%

 

Ally Financial, Inc.

     11,544        382,799  

American Express Co.

     15,669        1,853,329  

Capital One Financial Corp.

     10,020        911,620  

Discover Financial Services

     7,817      633,880  

Navient Corp.

     7,010        89,728  

Nelnet, Inc. Class A

     831        52,852  

Santander Consumer USA Holdings, Inc.

     17,620        449,486  

Synchrony Financial

     30,620        1,043,836  
     

 

 

 
Total Consumer Finance

 

     5,417,530  
Containers & Packaging – 0.5%

 

AptarGroup, Inc.

     1,694        200,654  

Avery Dennison Corp.

     2,349        266,776  

Ball Corp.

     6,042        439,918  

Graphic Packaging Holding Co.

     13,051        192,502  

Greif, Inc. Class B

     2,307        105,107  

International Paper Co.

     23,121        966,920  

Myers Industries, Inc.

     1,966        34,700  

Owens-Illinois, Inc.

     5,054        51,905  

Packaging Corp. of America

     3,818        405,090  

Sealed Air Corp.

     4,938        204,976  

Sonoco Products Co.

     4,526        263,458  

WestRock Co.

     13,737        500,714  
     

 

 

 
Total Containers & Packaging

 

     3,632,720  
Distributors – 0.1%

 

Genuine Parts Co.

     5,154        513,287  

Pool Corp.

     860        173,462  

Weyco Group, Inc.

     2,157        48,770  
     

 

 

 
Total Distributors

 

     735,519  
Diversified Consumer Services – 0.1%

 

H&R Block, Inc.

     8,711        205,754  

Service Corp. International

     5,725        273,712  
     

 

 

 
Total Diversified Consumer Services

 

     479,466  
Diversified Financial Services – 0.1%

 

AXA Equitable Holdings, Inc.

     19,363        429,084  

Jefferies Financial Group, Inc.

     15,326        281,998  
     

 

 

 
Total Diversified Financial Services

 

     711,082  
Diversified Telecommunication Services – 5.1%

 

AT&T, Inc.

     575,803        21,788,386  

CenturyLink, Inc.

     142,211        1,774,793  

Cogent Communications Holdings, Inc.

     6,415        353,467  

Verizon Communications, Inc.

     214,473        12,945,590  
     

 

 

 
Total Diversified Telecommunication Services

 

     36,862,236  
Electric Utilities – 3.4%

 

ALLETE, Inc.

     2,543        222,284  

Alliant Energy Corp.

     8,664        467,249  

American Electric Power Co., Inc.

     20,398        1,911,089  

Avangrid, Inc.(a)

     14,583        761,962  

Duke Energy Corp.

     35,340        3,387,692  

Edison International

     12,621        951,876  

El Paso Electric Co.

     2,194        147,174  

Entergy Corp.

     9,020        1,058,587  

Evergy, Inc.

     10,354        689,162  

Eversource Energy

     12,196        1,042,392  

Exelon Corp.

     39,129        1,890,322  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  

FirstEnergy Corp.

     21,310      $ 1,027,781  

Hawaiian Electric Industries, Inc.

     5,362        244,561  

IDACORP, Inc.

     2,054        231,424  

NextEra Energy, Inc.

     14,318        3,335,951  

OGE Energy Corp.

     9,294        421,762  

Otter Tail Corp.

     3,290        176,837  

Pinnacle West Capital Corp.

     4,425        429,535  

PNM Resources, Inc.

     4,190        218,215  

Portland General Electric Co.

     3,560        200,677  

PPL Corp.

     34,855        1,097,584  

Southern Co. (The)

     55,184        3,408,716  

Xcel Energy, Inc.

     18,607        1,207,408  
     

 

 

 
Total Electric Utilities

 

     24,530,240  
Electrical Equipment – 0.4%

 

AMETEK, Inc.

     2,420        222,204  

Emerson Electric Co.

     24,612        1,645,558  

GrafTech International Ltd.(a)

     9,391        120,205  

Hubbell, Inc.

     2,524        331,654  

Rockwell Automation, Inc.

     3,344        551,091  
     

 

 

 
Total Electrical Equipment

 

     2,870,712  
Electronic Equipment, Instruments & Components – 0.4%

 

Amphenol Corp. Class A

     3,641        351,356  

Avnet, Inc.

     2,544        113,170  

AVX Corp.

     8,475        128,820  

CDW Corp.

     2,548        314,016  

Corning, Inc.

     24,354        694,576  

FLIR Systems, Inc.

     3,369        177,176  

Jabil, Inc.

     4,512        161,394  

Littelfuse, Inc.

     167        29,611  

Methode Electronics, Inc.

     3,094        104,082  

National Instruments Corp.

     4,017        168,674  

SYNNEX Corp.

     2,810        317,249  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     2,560,124  
Energy Equipment & Services – 0.2%

 

Archrock, Inc.

     8,134        81,096  

Baker Hughes a GE Co.

     22,795        528,844  

Halliburton Co.

     27,055        509,987  

Helmerich & Payne, Inc.

     5,117        205,038  

National Oilwell Varco, Inc.

     3,589        76,087  

Patterson-UTI Energy, Inc.

     6,279        53,685  

U.S. Silica Holdings, Inc.

     7,126        68,125  
     

 

 

 
Total Energy Equipment & Services

 

     1,522,862  
Entertainment – 0.7%

 

Activision Blizzard, Inc.

     4,915        260,102  

AMC Entertainment Holdings, Inc. Class A(a)

     6,632        70,962  

Cinemark Holdings, Inc.

     5,248        202,783  

Marcus Corp. (The)

     1,195        44,227  

Viacom, Inc. Class A(a)

     8,027        210,789  

Viacom, Inc. Class B

     4,950        118,949  

Walt Disney Co. (The)

     33,054        4,307,597  
     

 

 

 
Total Entertainment

 

     5,215,409  
Equity Real Estate Investment Trusts (REITs) – 7.9%

 

Acadia Realty Trust

     5,404      154,446  

Alexandria Real Estate Equities, Inc.

     3,134        482,761  

American Assets Trust, Inc.

     3,145        146,997  

American Campus Communities, Inc.

     6,944        333,868  

American Finance Trust, Inc.(a)

     10,620        148,255  

American Homes 4 Rent Class A

     5,633        145,838  

American Tower Corp.

     11,726        2,592,970  

Americold Realty Trust

     5,439        201,624  

Apartment Investment & Management Co. Class A

     6,358        331,506  

Apple Hospitality REIT, Inc.

     10,911        180,904  

Ashford Hospitality Trust, Inc.

     24,591        81,396  

AvalonBay Communities, Inc.

     5,750        1,238,147  

Boston Properties, Inc.

     4,864        630,666  

Brandywine Realty Trust

     9,854        149,288  

Brixmor Property Group, Inc.

     12,853        260,787  

Brookfield Property REIT, Inc. Class A(a)

     22,307        454,840  

Camden Property Trust

     4,178        463,800  

CatchMark Timber Trust, Inc. Class A

     11,969        127,709  

Cedar Realty Trust, Inc.

     32,803        98,409  

Chatham Lodging Trust

     8,483        153,966  

Columbia Property Trust, Inc.

     6,614        139,886  

Community Healthcare Trust, Inc.

     4,042        180,071  

CoreCivic, Inc.

     10,049        173,647  

CorePoint Lodging, Inc.

     9,958        100,675  

CoreSite Realty Corp.

     1,402        170,834  

Corporate Office Properties Trust

     4,192        124,838  

Cousins Properties, Inc.

     4,302        161,712  

Crown Castle International Corp.

     20,926        2,908,923  

CubeSmart

     7,972        278,223  

CyrusOne, Inc.

     3,930        310,863  

DiamondRock Hospitality Co.

     12,624        129,396  

Digital Realty Trust, Inc.

     9,398        1,219,954  

Douglas Emmett, Inc.

     5,734        245,587  

Duke Realty Corp.

     14,234        483,529  

Easterly Government Properties, Inc.

     6,023        128,290  

EastGroup Properties, Inc.

     2,214        276,794  

Empire State Realty Trust, Inc. Class A

     10,868        155,086  

EPR Properties

     5,315        408,511  

Equinix, Inc.

     1,922        1,108,610  

Equity LifeStyle Properties, Inc.

     3,007        401,735  

Equity Residential

     14,141        1,219,803  

Essex Property Trust, Inc.

     2,412        787,880  

Extra Space Storage, Inc.

     6,707        783,512  

Federal Realty Investment Trust

     2,754        374,930  

First Industrial Realty Trust, Inc.

     4,860        192,262  

Gaming and Leisure Properties, Inc.

     21,076        805,946  

GEO Group, Inc. (The)

     12,631        219,022  

Gladstone Commercial Corp.

     4,319        101,497  

Global Net Lease, Inc.

     7,733        150,794  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

     4,305        125,491  

HCP, Inc.

     27,204        969,279  

Healthcare Realty Trust, Inc.

     6,002        201,067  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  

Healthcare Trust of America, Inc. Class A

     9,837      $ 289,011  

Hersha Hospitality Trust

     4,018        59,788  

Highwoods Properties, Inc.

     3,528        158,548  

Host Hotels & Resorts, Inc.

     28,040        484,812  

Hudson Pacific Properties, Inc.

     6,485        216,988  

Independence Realty Trust, Inc.

     9,673        138,421  

Industrial Logistics Properties Trust

     9,284        197,285  

Investors Real Estate Trust

     2,593        193,619  

Invitation Homes, Inc.

     10,475        310,165  

Iron Mountain, Inc.

     25,845        837,120  

iStar, Inc.(a)

     10,898        142,219  

JBG SMITH Properties

     4,082        160,055  

Kilroy Realty Corp.

     2,722        212,017  

Kimco Realty Corp.

     22,876        477,651  

Kite Realty Group Trust

     9,526        153,845  

Lamar Advertising Co. Class A

     5,034        412,436  

Lexington Realty Trust

     22,001        225,510  

Liberty Property Trust

     9,571        491,279  

Life Storage, Inc.

     3,411        359,554  

LTC Properties, Inc.

     3,163        162,009  

Macerich Co. (The)(a)

     4,728        149,358  

Mack-Cali Realty Corp.

     4,511        97,708  

Medical Properties Trust, Inc.

     35,680        697,901  

Mid-America Apartment Communities, Inc.

     4,649        604,416  

National Health Investors, Inc.

     2,734        225,254  

National Retail Properties, Inc.

     9,425        531,570  

New Senior Investment Group, Inc.

     31,753        212,110  

Office Properties Income Trust

     3,387        103,778  

Omega Healthcare Investors, Inc.

     27,700        1,157,583  

One Liberty Properties, Inc.

     5,462        150,369  

Outfront Media, Inc.

     5,342        148,401  

Paramount Group, Inc.

     7,203        96,160  

Park Hotels & Resorts, Inc.

     19,333        482,745  

Pebblebrook Hotel Trust

     9,200        255,944  

Physicians Realty Trust

     13,230        234,833  

Piedmont Office Realty Trust, Inc. Class A

     10,287        214,793  

PotlatchDeltic Corp.(a)

     2,048        84,142  

Preferred Apartment Communities, Inc. Class A

     6,125        88,506  

Prologis, Inc.

     23,963        2,042,127  

PS Business Parks, Inc.

     1,337        243,267  

Public Storage

     7,860        1,927,822  

QTS Realty Trust, Inc. Class A

     2,085        107,190  

Rayonier, Inc.

     6,117        172,499  

Realty Income Corp.

     16,921        1,297,502  

Regency Centers Corp.

     6,508        452,241  

Retail Opportunity Investments Corp.

     8,106        147,772  

Retail Properties of America, Inc. Class A

     13,126        161,712  

Rexford Industrial Realty, Inc.

     1,072        47,189  

RLJ Lodging Trust

     12,047        204,679  

RPT Realty

     7,689        104,186  

Ryman Hospitality Properties, Inc.

     3,204        262,119  

Sabra Health Care REIT, Inc.(a)

     21,743        499,219  

Safehold, Inc.

     6,011        183,336  

Saul Centers, Inc.

     1,723        93,921  

Senior Housing Properties Trust

     45,245      418,742  

Service Properties Trust

     15,736        405,831  

Simon Property Group, Inc.

     16,906        2,631,419  

SL Green Realty Corp.

     2,035        166,361  

Spirit Realty Capital, Inc.

     6,521        312,095  

STAG Industrial, Inc.

     6,838        201,584  

STORE Capital Corp.

     12,111        453,073  

Sun Communities, Inc.

     3,451        512,301  

Tanger Factory Outlet Centers, Inc.(a)

     5,500        85,140  

Taubman Centers, Inc.

     2,571        104,974  

UDR, Inc.

     11,903        577,057  

Uniti Group, Inc.

     26,948        209,251  

Ventas, Inc.

     22,864        1,669,758  

VEREIT, Inc.

     91,935        899,124  

VICI Properties, Inc.

     26,887        608,991  

Vornado Realty Trust

     7,325        466,383  

W.P. Carey, Inc.

     10,909        976,356  

Washington Prime Group, Inc.(a)

     18,306        75,787  

Washington Real Estate Investment Trust

     3,891        106,458  

Weingarten Realty Investors

     6,264        182,470  

Welltower, Inc.

     23,662        2,144,960  

Weyerhaeuser Co.

     36,743        1,017,781  

Whitestone REIT

     6,023        82,876  

Xenia Hotels & Resorts, Inc.

     8,849        186,891  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     57,077,171  
Food & Staples Retailing – 2.0%

 

Casey’s General Stores, Inc.

     493        79,452  

Costco Wholesale Corp.

     5,840        1,682,563  

Kroger Co. (The)

     16,676        429,907  

Sysco Corp.

     16,074        1,276,276  

Walgreens Boots Alliance, Inc.

     26,201        1,449,177  

Walmart, Inc.

     81,590        9,683,101  

Weis Markets, Inc.

     1,567        59,765  
     

 

 

 
Total Food & Staples Retailing

 

     14,660,241  
Food Products – 1.9%

 

Alico, Inc.

     1,026        34,904  

Archer-Daniels-Midland Co.

     21,070        865,345  

B&G Foods, Inc.

     5,320        100,601  

Calavo Growers, Inc.(a)

     461        43,878  

Campbell Soup Co.

     13,858        650,217  

Conagra Brands, Inc.

     19,624        602,064  

Flowers Foods, Inc.

     9,420        217,885  

General Mills, Inc.

     37,844        2,085,961  

Hershey Co. (The)

     4,970        770,300  

Hormel Foods Corp.

     14,393        629,406  

Ingredion, Inc.

     2,047        167,322  

J&J Snack Foods Corp.

     228        43,776  

J.M. Smucker Co. (The)

     4,240        466,485  

Kellogg Co.

     13,174        847,747  

Kraft Heinz Co. (The)

     78,861        2,202,982  

Lamb Weston Holdings, Inc.

     1,857        135,041  

Lancaster Colony Corp.

     867        120,210  

McCormick & Co., Inc. Non-Voting Shares

     3,768        588,938  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  

Mondelez International, Inc. Class A

     42,455      $ 2,348,611  

Tyson Foods, Inc. Class A

     9,221        794,297  
     

 

 

 
Total Food Products

 

     13,715,970  
Gas Utilities – 0.2%

 

Atmos Energy Corp.

     3,269        372,306  

National Fuel Gas Co.

     3,276        153,710  

New Jersey Resources Corp.

     2,644        119,562  

Northwest Natural Holding Co.

     2,217        158,161  

ONE Gas, Inc.

     1,853        178,092  

South Jersey Industries, Inc.

     3,265        107,451  

Southwest Gas Holdings, Inc.

     1,143        104,059  

Spire, Inc.

     2,423        211,382  

UGI Corp.

     4,638        233,152  
     

 

 

 
Total Gas Utilities

 

     1,637,875  
Health Care Equipment & Supplies – 1.1%

 

Abbott Laboratories

     39,029        3,265,556  

Baxter International, Inc.

     7,142        624,711  

Becton, Dickinson and Co.

     4,243        1,073,309  

Danaher Corp.

     5,208        752,191  

ResMed, Inc.

     3,390        458,023  

Stryker Corp.

     5,389        1,165,641  

Teleflex, Inc.

     449        152,548  

Zimmer Biomet Holdings, Inc.

     1,874        257,244  
     

 

 

 
Total Health Care Equipment & Supplies

 

     7,749,223  
Health Care Providers & Services – 1.3%

 

AmerisourceBergen Corp.

     5,700        469,281  

Anthem, Inc.

     4,346        1,043,475  

Cardinal Health, Inc.

     7,544        356,001  

Chemed Corp.

     225        93,953  

CVS Health Corp.

     41,350        2,607,945  

Encompass Health Corp.

     3,296        208,571  

HCA Healthcare, Inc.

     2,501        301,171  

Humana, Inc.

     1,096        280,214  

McKesson Corp.

     1,548        211,550  

Quest Diagnostics, Inc.

     3,611        386,485  

UnitedHealth Group, Inc.

     16,770        3,644,456  
     

 

 

 
Total Health Care Providers & Services

 

     9,603,102  
Hotels, Restaurants & Leisure – 2.3%

 

Aramark

     2,852        124,290  

Brinker International, Inc.(a)

     2,169        92,551  

Choice Hotels International, Inc.

     1,364        121,341  

Churchill Downs, Inc.

     813        100,369  

Cracker Barrel Old Country Store, Inc.(a)

     881        143,295  

Darden Restaurants, Inc.

     4,364        515,912  

Dine Brands Global, Inc.(a)

     2,735        207,477  

Domino’s Pizza, Inc.

     669        163,631  

Dunkin’ Brands Group, Inc.

     2,753        218,478  

Hilton Worldwide Holdings, Inc.

     4,150        386,407  

Jack in the Box, Inc.

     383        34,899  

Las Vegas Sands Corp.

     51,933        2,999,650  

Marriott International, Inc. Class A

     5,652        702,939  

Marriott Vacations Worldwide Corp.

     2,026        209,914  

McDonald’s Corp.

     24,162      5,187,823  

MGM Resorts International

     10,964        303,922  

Six Flags Entertainment Corp.

     4,871        247,398  

Starbucks Corp.

     32,868        2,906,189  

Texas Roadhouse, Inc.

     2,344        123,107  

Vail Resorts, Inc.

     1,041        236,890  

Wendy’s Co. (The)

     8,048        160,799  

Wyndham Destinations, Inc.

     3,716        171,010  

Wyndham Hotels & Resorts, Inc.

     1,905        98,565  

Wynn Resorts Ltd.

     4,064        441,838  

Yum! Brands, Inc.

     6,708        760,888  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     16,659,582  
Household Durables – 0.4%

 

Bassett Furniture Industries, Inc.

     3,894        59,578  

D.R. Horton, Inc.

     7,745        408,239  

Ethan Allen Interiors, Inc.

     5,113        97,658  

Flexsteel Industries, Inc.

     3,154        46,742  

La-Z-Boy, Inc.

     1,904        63,955  

Leggett & Platt, Inc.

     7,809        319,701  

Lennar Corp. Class A

     2,953        164,925  

MDC Holdings, Inc.

     4,426        190,761  

Newell Brands, Inc.

     15,100        282,672  

PulteGroup, Inc.

     6,868        251,025  

Toll Brothers, Inc.

     4,598        188,748  

Whirlpool Corp.

     3,780        598,601  
     

 

 

 
Total Household Durables

 

     2,672,605  
Household Products – 2.3%

 

Church & Dwight Co., Inc.

     5,614        422,397  

Clorox Co. (The)

     4,289        651,370  

Colgate-Palmolive Co.

     26,397        1,940,444  

Energizer Holdings, Inc.(a)

     1,967        85,722  

Kimberly-Clark Corp.

     14,696        2,087,567  

Oil-Dri Corp. of America

     720        24,523  

Procter & Gamble Co. (The)

     91,383        11,366,218  

Spectrum Brands Holdings, Inc.

     4,473        235,824  
     

 

 

 
Total Household Products

 

     16,814,065  
Independent Power & Renewable Electricity Producers – 0.2%

 

AES Corp.

     36,882        602,652  

Clearway Energy, Inc. Class C

     5,688        103,806  

NRG Energy, Inc.

     2,333        92,387  

Ormat Technologies, Inc.

     533        39,596  

Pattern Energy Group, Inc. Class A

     8,406        226,374  

TerraForm Power, Inc. Class A

     14,737        268,582  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     1,333,397  
Industrial Conglomerates – 1.9%

 

3M Co.

     18,235        2,997,834  

Carlisle Cos., Inc.

     1,152        167,662  

General Electric Co.

     718,335        6,421,915  

Honeywell International, Inc.

     20,098        3,400,582  

Raven Industries, Inc.

     985        32,958  

Roper Technologies, Inc.

     925        329,855  
     

 

 

 
Total Industrial Conglomerates

 

     13,350,806  

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  
Insurance – 2.8%

 

Aflac, Inc.

     23,145      $ 1,210,946  

Allstate Corp. (The)

     8,821        958,666  

American Financial Group, Inc.

     1,484        160,049  

American International Group, Inc.

     39,411        2,195,193  

American National Insurance Co.

     527        65,206  

AMERISAFE, Inc.

     1,748        115,560  

Arthur J. Gallagher & Co.

     6,185        553,990  

Assurant, Inc.

     1,868        235,032  

Brown & Brown, Inc.

     5,810        209,509  

Cincinnati Financial Corp.

     6,002        700,253  

CNA Financial Corp.

     10,047        494,815  

CNO Financial Group, Inc.

     6,637        105,064  

Erie Indemnity Co. Class A

     1,625        301,681  

Fidelity National Financial, Inc.

     12,408        551,039  

First American Financial Corp.

     5,447        321,428  

Globe Life, Inc.

     1,403        134,351  

Hanover Insurance Group, Inc. (The)

     1,499        203,174  

Hartford Financial Services Group, Inc. (The)

     14,223        862,056  

Horace Mann Educators Corp.

     739        34,238  

Lincoln National Corp.

     7,243        436,898  

Loews Corp.

     1,299        66,873  

Marsh & McLennan Cos., Inc.

     11,782        1,178,789  

Mercury General Corp.

     3,599        201,112  

MetLife, Inc.

     49,691        2,343,428  

Old Republic International Corp.

     14,342        338,041  

Principal Financial Group, Inc.

     18,815        1,075,089  

ProAssurance Corp.

     4,862        195,793  

Progressive Corp. (The)

     10,510        811,898  

Prudential Financial, Inc.

     22,046        1,983,038  

Reinsurance Group of America, Inc.

     1,617        258,526  

RLI Corp.

     573        53,237  

Safety Insurance Group, Inc.

     1,019        103,255  

Travelers Cos., Inc. (The)

     7,890        1,173,164  

Unum Group

     11,311        336,163  

W.R. Berkley Corp.

     2,312        166,996  
     

 

 

 
Total Insurance

 

     20,134,550  
Internet & Direct Marketing Retail – 0.0%

 

Expedia Group, Inc.

     1,873        251,750  
IT Services – 2.9%

 

Alliance Data Systems Corp.

     1,102        141,199  

Automatic Data Processing, Inc.

     12,398        2,001,285  

Booz Allen Hamilton Holding Corp.

     3,790        269,166  

Broadridge Financial Solutions, Inc.

     2,991        372,170  

Cass Information Systems, Inc.

     1,171        63,222  

Cognizant Technology Solutions Corp. Class A

     7,842        472,598  

DXC Technology Co.

     4,531        133,665  

Fidelity National Information Services, Inc.

     5,263        698,716  

Global Payments, Inc.

     1,614        256,626  

International Business Machines Corp.

     57,212        8,319,769  

Jack Henry & Associates, Inc.

     1,731        252,674  

KBR, Inc.

     3,115        76,442  

Leidos Holdings, Inc.

     4,344        373,063  

ManTech International Corp. Class A

     891      63,626  

MasterCard, Inc. Class A

     8,065        2,190,212  

Paychex, Inc.

     13,863        1,147,441  

Sabre Corp.

     5,606        125,546  

Science Applications International Corp.

     1,056        92,242  

Switch, Inc. Class A(a)

     11,149        174,147  

Visa, Inc. Class A

     17,829        3,066,766  

Western Union Co. (The)

     20,780        481,473  
     

 

 

 
Total IT Services

 

     20,772,048  
Leisure Products – 0.1%

 

Brunswick Corp.

     1,825        95,119  

Escalade, Inc.

     2,103        22,902  

Hasbro, Inc.

     3,794        450,310  

Marine Products Corp.

     2,253        31,902  

Polaris, Inc.

     2,187        192,478  
     

 

 

 
Total Leisure Products

 

     792,711  
Life Sciences Tools & Services – 0.2%

 

Agilent Technologies, Inc.

     4,538        347,747  

Bio-Techne Corp.

     860        168,276  

Luminex Corp.

     2,350        48,527  

Thermo Fisher Scientific, Inc.

     1,795        522,830  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,087,380  
Machinery – 1.7%

 

AGCO Corp.

     1,858        140,651  

Albany International Corp. Class A

     853        76,906  

Allison Transmission Holdings, Inc.

     4,295        202,080  

Altra Industrial Motion Corp.

     4,626        128,117  

Briggs & Stratton Corp.

     7,668        46,468  

Caterpillar, Inc.

     19,302        2,438,036  

Crane Co.

     1,895        152,794  

Cummins, Inc.

     6,118        995,215  

Deere & Co.

     7,579        1,278,426  

Donaldson Co., Inc.

     3,587        186,811  

Dover Corp.

     4,571        455,089  

Flowserve Corp.

     1,994        93,140  

Fortive Corp.

     2,179        149,392  

Graco, Inc.

     4,033        185,679  

Graham Corp.

     2,518        50,007  

Greenbrier Cos., Inc. (The)

     967        29,126  

Hurco Cos., Inc.

     804        25,865  

IDEX Corp.

     1,822        298,589  

Illinois Tool Works, Inc.

     11,436        1,789,620  

Kennametal, Inc.

     3,488        107,221  

Lincoln Electric Holdings, Inc.

     1,980        171,785  

Lindsay Corp.(a)

     370        34,355  

Mueller Industries, Inc.

     3,374        96,766  

NN, Inc.

     12,662        90,280  

Nordson Corp.

     1,241        181,509  

Oshkosh Corp.

     1,484        112,487  

PACCAR, Inc.

     6,248        437,423  

Parker-Hannifin Corp.

     3,010        543,636  

REV Group, Inc.(a)

     11,449        130,862  

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  

Snap-on, Inc.

     1,384      $ 216,651  

Stanley Black & Decker, Inc.

     3,361        485,362  

Terex Corp.

     3,449        89,571  

Timken Co. (The)

     4,611        200,625  

Toro Co. (The)

     2,431        178,192  

Trinity Industries, Inc.

     3,577        70,395  

Wabtec Corp.(a)

     3,861        277,451  

Xylem, Inc.

     3,141        250,086  
     

 

 

 
Total Machinery

 

     12,396,668  
Media – 1.1%

 

CBS Corp. Class B Non-Voting Shares

     6,226        251,344  

Comcast Corp. Class A

     109,976        4,957,718  

Emerald Expositions Events, Inc.

     7,143        69,501  

Entercom Communications Corp. Class A

     23,040        76,954  

Fox Corp. Class A

     2,846        89,749  

Fox Corp. Class B

     3,756        118,464  

Gannett Co., Inc.

     8,268        88,798  

Interpublic Group of Cos., Inc. (The)

     17,047        367,533  

John Wiley & Sons, Inc. Class A

     1,818        79,883  

Meredith Corp.

     2,324        85,198  

National CineMedia, Inc.

     10,279        84,288  

New Media Investment Group, Inc.(a)

     12,021        105,905  

News Corp. Class A

     11,655        162,238  

Nexstar Media Group, Inc. Class A(a)

     959        98,115  

Omnicom Group, Inc.

     9,023        706,501  

Sinclair Broadcast Group, Inc. Class A

     2,945        125,869  

Sirius XM Holdings, Inc.(a)

     51,098        319,618  

TEGNA, Inc.

     7,560        117,407  
     

 

 

 
Total Media

 

     7,905,083  
Metals & Mining – 0.3%

 

Commercial Metals Co.

     4,644        80,713  

Compass Minerals International, Inc.

     3,851        217,543  

Freeport-McMoRan, Inc.

     34,717        332,242  

Newmont Goldcorp Corp.

     11,542        437,672  

Nucor Corp.

     10,654        542,395  

Reliance Steel & Aluminum Co.

     2,455        244,665  

Royal Gold, Inc.

     1,171        144,279  

Steel Dynamics, Inc.

     5,348        159,370  

Worthington Industries, Inc.

     1,913        68,964  
     

 

 

 
Total Metals & Mining

 

     2,227,843  
Mortgage Real Estate Investment Trusts (REITs) – 0.0%

 

Arlington Asset Investment Corp. Class A

     15,081        82,795  
Multi-Utilities – 1.7%

 

Ameren Corp.

     9,775        782,489  

Black Hills Corp.

     2,701        207,248  

CenterPoint Energy, Inc.

     22,736        686,173  

CMS Energy Corp.

     9,124        583,480  

Consolidated Edison, Inc.

     12,935        1,221,969  

Dominion Energy, Inc.

     34,736        2,815,005  

DTE Energy Co.

     6,848        910,510  

MDU Resources Group, Inc.

     7,752        218,529  

NiSource, Inc.

     11,694        349,884  

NorthWestern Corp.

     2,690      201,885  

Public Service Enterprise Group, Inc.

     22,101        1,372,030  

Sempra Energy

     9,217        1,360,521  

WEC Energy Group, Inc.

     12,370        1,176,387  
     

 

 

 
Total Multi-Utilities

 

     11,886,110  
Multiline Retail – 0.6%

 

Dollar General Corp.

     3,956        628,767  

Kohl’s Corp.

     8,990        446,443  

Macy’s, Inc.(a)

     16,701        259,534  

Nordstrom, Inc.(a)

     5,539        186,498  

Target Corp.

     23,895        2,554,614  
     

 

 

 
Total Multiline Retail

 

     4,075,856  
Oil, Gas & Consumable Fuels – 6.6%

 

Apache Corp.

     7,433        190,285  

Berry Petroleum Corp.

     8,627        80,749  

Cabot Oil & Gas Corp.

     3,642        63,990  

Chevron Corp.

     94,691        11,230,353  

Cimarex Energy Co.

     2,699        129,390  

ConocoPhillips

     30,626        1,745,069  

CVR Energy, Inc.

     10,253        451,440  

Delek U.S. Holdings, Inc.

     2,616        94,961  

Devon Energy Corp.

     3,960        95,278  

Diamondback Energy, Inc.

     841        75,614  

EOG Resources, Inc.

     6,405        475,379  

EQT Corp.

     6,936        73,799  

Evolution Petroleum Corp.

     4,798        28,020  

Exxon Mobil Corp.

     222,110        15,683,187  

Hess Corp.

     5,718        345,825  

HollyFrontier Corp.

     6,674        357,993  

Kinder Morgan, Inc.

     131,762        2,715,615  

Marathon Oil Corp.

     9,118        111,878  

Marathon Petroleum Corp.

     25,106        1,525,189  

Murphy Oil Corp.(a)

     8,128        179,710  

Noble Energy, Inc.

     8,244        185,160  

Occidental Petroleum Corp.

     45,263        2,012,846  

ONEOK, Inc.

     28,619        2,108,934  

Panhandle Oil and Gas, Inc. Class A

     1,610        22,508  

PBF Energy, Inc. Class A

     5,747        156,261  

Phillips 66

     20,178        2,066,227  

Pioneer Natural Resources Co.

     909        114,325  

SemGroup Corp. Class A

     16,233        265,247  

Targa Resources Corp.

     24,085        967,494  

Valero Energy Corp.

     22,238        1,895,567  

Williams Cos., Inc. (The)

     85,176        2,049,335  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     47,497,628  
Paper & Forest Products – 0.1%

 

Domtar Corp.

     3,383        121,145  

Louisiana-Pacific Corp.

     4,782        117,542  

Schweitzer-Mauduit International, Inc.

     5,694        213,183  
     

 

 

 
Total Paper & Forest Products

 

     451,870  
Personal Products – 0.2%

 

Coty, Inc. Class A

     29,898        314,228  

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  

Estee Lauder Cos., Inc. (The) Class A

     3,973      $ 790,428  

Inter Parfums, Inc.

     752        52,618  

Medifast, Inc.(a)

     455        47,152  

Nu Skin Enterprises, Inc. Class A

     2,029        86,293  
     

 

 

 
Total Personal Products

 

     1,290,719  
Pharmaceuticals – 4.7%

 

Bristol-Myers Squibb Co.

     56,823        2,881,494  

Eli Lilly & Co.

     27,378        3,061,682  

Johnson & Johnson

     87,906        11,373,278  

Merck & Co., Inc.

     91,688        7,718,296  

Pfizer, Inc.

     221,217        7,948,327  

Zoetis, Inc.

     4,139        515,678  
     

 

 

 
Total Pharmaceuticals

 

     33,498,755  
Professional Services – 0.1%

 

Equifax, Inc.

     1,483        208,614  

Kelly Services, Inc. Class A

     1,176        28,483  

ManpowerGroup, Inc.

     1,902        160,224  

Robert Half International, Inc.

     3,069        170,820  
     

 

 

 
Total Professional Services

 

     568,141  
Real Estate Management & Development – 0.1%

 

Jones Lang LaSalle, Inc.

     226        31,428  

Kennedy-Wilson Holdings, Inc.

     9,263        203,045  

Newmark Group, Inc. Class A

     17,932        162,464  

RE/MAX Holdings, Inc. Class A

     2,665        85,706  
     

 

 

 
Total Real Estate Management & Development

 

     482,643  
Road & Rail – 0.9%

 

CSX Corp.

     17,649        1,222,546  

JB Hunt Transport Services, Inc.

     1,760        194,744  

Kansas City Southern

     1,168        155,356  

Norfolk Southern Corp.

     6,663        1,197,074  

Old Dominion Freight Line, Inc.

     257        43,682  

Ryder System, Inc.

     4,967        257,142  

Union Pacific Corp.

     20,655        3,345,697  
     

 

 

 
Total Road & Rail

 

     6,416,241  
Semiconductors & Semiconductor Equipment – 4.1%

 

Analog Devices, Inc.

     9,787        1,093,502  

Applied Materials, Inc.

     29,467        1,470,403  

Broadcom, Inc.

     13,444        3,711,485  

Brooks Automation, Inc.

     2,892        107,091  

Cabot Microelectronics Corp.

     370        52,248  

Cypress Semiconductor Corp.

     15,023        350,637  

Intel Corp.

     145,007        7,472,211  

KLA Corp.

     5,869        935,812  

Lam Research Corp.

     5,920        1,368,171  

Maxim Integrated Products, Inc.

     10,577        612,514  

Microchip Technology, Inc.(a)

     5,624        522,526  

NVE Corp.

     427        28,331  

NVIDIA Corp.

     3,676        639,881  

QUALCOMM, Inc.

     63,093        4,812,734  

Skyworks Solutions, Inc.

     4,816        381,668  

Teradyne, Inc.

     2,914        168,750  

Texas Instruments, Inc.

     35,905        4,640,362  

Xilinx, Inc.

     6,690      641,571  

Xperi Corp.

     4,513        93,329  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     29,103,226  
Software – 4.0%

 

Intuit, Inc.

     3,452        918,025  

Microsoft Corp.

     169,472        23,561,692  

Oracle Corp.

     73,640        4,052,409  

SS&C Technologies Holdings, Inc.

     2,486        128,203  

Symantec Corp.

     10,171        240,341  
     

 

 

 
Total Software

 

     28,900,670  
Specialty Retail – 2.2%

 

Abercrombie & Fitch Co. Class A

     5,734        89,450  

American Eagle Outfitters, Inc.

     9,349        151,641  

Best Buy Co., Inc.

     8,517        587,588  

Buckle, Inc. (The)

     5,254        108,232  

Camping World Holdings, Inc. Class A(a)

     5,523        49,155  

Chico’s FAS, Inc.

     17,735        71,472  

Children’s Place, Inc. (The)(a)

     275        21,172  

Dick’s Sporting Goods, Inc.

     2,765        112,840  

Foot Locker, Inc.

     4,215        181,919  

Gap, Inc. (The)

     17,196        298,523  

Group 1 Automotive, Inc.

     2,071        191,174  

Guess?, Inc.(a)

     5,078        94,095  

Home Depot, Inc. (The)

     33,164        7,694,711  

L Brands, Inc.

     27,536        539,430  

Lithia Motors, Inc. Class A

     1,403        185,729  

Lowe’s Cos., Inc.

     20,735        2,280,021  

Office Depot, Inc.

     26,242        46,055  

Penske Automotive Group, Inc.

     3,378        159,712  

Ross Stores, Inc.

     4,247        466,533  

Sonic Automotive, Inc. Class A

     6,453        202,689  

Tiffany & Co.(a)

     3,439        318,555  

TJX Cos., Inc. (The)

     27,204        1,516,351  

Tractor Supply Co.

     2,480        224,291  

Williams-Sonoma, Inc.(a)

     2,979        202,512  
     

 

 

 
Total Specialty Retail

 

     15,793,850  
Technology Hardware, Storage & Peripherals – 3.7%

 

Apple, Inc.

     103,723        23,230,840  

Hewlett Packard Enterprise Co.

     59,496        902,554  

HP, Inc.

     60,387        1,142,522  

NetApp, Inc.

     8,313        436,516  

Western Digital Corp.

     12,229        729,338  

Xerox Holdings Corp.

     9,625        287,884  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     26,729,654  
Textiles, Apparel & Luxury Goods – 0.5%

 

Carter’s, Inc.(a)

     732        66,766  

Columbia Sportswear Co.

     1,730        167,620  

Hanesbrands, Inc.

     10,479        160,538  

NIKE, Inc. Class B

     21,477        2,017,120  

Ralph Lauren Corp.

     1,000        95,470  

Tapestry, Inc.

     7,611        198,267  

VF Corp.

     13,074        1,163,455  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Total Dividend Fund (DTD)

September 30, 2019

 

 

 

Investments    Shares      Value  

Wolverine World Wide, Inc.

     1,589      $ 44,905  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     3,914,141  
Thrifts & Mortgage Finance – 0.3%

 

Capitol Federal Financial, Inc.

     7,561        104,191  

ESSA Bancorp, Inc.

     7,600        124,792  

Meta Financial Group, Inc.

     1,099        35,838  

New York Community Bancorp, Inc.

     68,313        857,328  

Northwest Bancshares, Inc.

     7,352        120,499  

Provident Financial Services, Inc.

     4,748        116,469  

Southern Missouri Bancorp, Inc.

     855        31,148  

Sterling Bancorp, Inc.

     10,724        104,666  

TFS Financial Corp.

     14,170        255,343  

Washington Federal, Inc.

     8,243        304,909  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     2,055,183  
Tobacco – 1.9%

 

Altria Group, Inc.

     136,526        5,583,913  

Philip Morris International, Inc.

     103,781        7,880,091  

Universal Corp.

     1,596        87,477  

Vector Group Ltd.(a)

     35,923        427,841  
     

 

 

 
Total Tobacco

 

     13,979,322  
Trading Companies & Distributors – 0.3%

 

Air Lease Corp.

     3,314        138,591  

Applied Industrial Technologies, Inc.

     872        49,530  

Fastenal Co.

     18,470        603,415  

GATX Corp.

     1,713        132,809  

H&E Equipment Services, Inc.

     4,570        131,890  

Kaman Corp.

     782        46,498  

MSC Industrial Direct Co., Inc. Class A

     1,273        92,331  

Rush Enterprises, Inc. Class A

     2,932        113,117  

W.W. Grainger, Inc.

     1,583        470,388  

Watsco, Inc.

     995        168,334  
     

 

 

 
Total Trading Companies & Distributors

 

     1,946,903  
Transportation Infrastructure – 0.0%

 

Macquarie Infrastructure Corp.

     7,427        293,144  
Water Utilities – 0.1%

 

American Water Works Co., Inc.

     4,443        551,954  

Aqua America, Inc.

     6,973        312,599  

Middlesex Water Co.

     784        50,929  
     

 

 

 
Total Water Utilities

 

     915,482  
Wireless Telecommunication Services – 0.0%

 

Shenandoah Telecommunications Co.

     967        30,721  

Telephone & Data Systems, Inc.

     4,481        115,610  
     

 

 

 
Total Wireless Telecommunication Services

 

     146,331  

TOTAL COMMON STOCKS

(Cost: $552,460,160)

 

 

     716,007,503  
EXCHANGE-TRADED FUND – 0.2%

 

United States – 0.2%

 

WisdomTree U.S. Total Market Fund(a)(b)

     
(Cost: $1,105,262)      32,990        1,118,361  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7%

 

United States – 0.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $5,353,571)(d)      5,353,571      5,353,571  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $558,918,993)

 

 

     722,479,435  

Other Assets less Liabilities – (0.6)%

 

     (4,205,378
     

 

 

 
NET ASSETS – 100.0%

 

   $ 718,274,057  
(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $8,321,940 and the total market value of the collateral held by the Fund was $8,524,845. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,171,274.

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.9%

 

Aerospace & Defense – 2.7%

 

Aerojet Rocketdyne Holdings, Inc.*

     360      $ 18,184  

Aerovironment, Inc.*

     28        1,500  

Arconic, Inc.

     2,591        67,366  

Astronics Corp.*

     150        4,407  

Axon Enterprise, Inc.*(a)

     51        2,896  

Boeing Co. (The)

     1,482        563,856  

BWX Technologies, Inc.

     77        4,405  

Cubic Corp.

     136        9,578  

Curtiss-Wright Corp.

     430        55,629  

General Dynamics Corp.

     801        146,367  

HEICO Corp.

     202        25,226  

Hexcel Corp.

     127        10,430  

Huntington Ingalls Industries, Inc.

     105        22,238  

L3Harris Technologies, Inc.

     766        159,818  

Lockheed Martin Corp.

     1,076        419,705  

Moog, Inc. Class A

     86        6,976  

Northrop Grumman Corp.

     557        208,758  

Raytheon Co.

     623        122,226  

Spirit AeroSystems Holdings, Inc. Class A

     165        13,570  

Teledyne Technologies, Inc.*

     77        24,793  

Textron, Inc.

     532        26,047  

TransDigm Group, Inc.

     144        74,976  

United Technologies Corp.

     2,307        314,952  

Vectrus, Inc.*

     104        4,228  

Wesco Aircraft Holdings, Inc.*

     260        2,863  
     

 

 

 
Total Aerospace & Defense

 

     2,310,994  
Air Freight & Logistics – 0.7%

 

Air Transport Services Group, Inc.*

     631        13,264  

Atlas Air Worldwide Holdings, Inc.*

     412        10,395  

C.H. Robinson Worldwide, Inc.

     233        19,754  

Echo Global Logistics, Inc.*

     108        2,446  

Expeditors International of Washington, Inc.

     641        47,620  

FedEx Corp.

     799        116,310  

Hub Group, Inc. Class A*

     268        12,462  

United Parcel Service, Inc. Class B

     3,216        385,341  
     

 

 

 
Total Air Freight & Logistics

 

     607,592  
Airlines – 0.7%

 

Alaska Air Group, Inc.

     797        51,733  

American Airlines Group, Inc.(a)

     2,886        77,835  

Delta Air Lines, Inc.

     4,005        230,688  

Hawaiian Holdings, Inc.

     487        12,789  

SkyWest, Inc.

     228        13,087  

Southwest Airlines Co.

     1,715        92,627  

Spirit Airlines, Inc.*

     313        11,362  

United Airlines Holdings, Inc.*

     1,507        133,234  
     

 

 

 
Total Airlines

 

     623,355  
Auto Components – 0.2%

 

BorgWarner, Inc.

     337        12,361  

Cooper Tire & Rubber Co.

     728        19,015  

Dana, Inc.

     554        8,000  

Dorman Products, Inc.*

     145      11,533  

Fox Factory Holding Corp.*

     130        8,091  

Gentex Corp.

     2,687        73,987  

Gentherm, Inc.*

     218        8,957  

Goodyear Tire & Rubber Co. (The)

     535        7,707  

LCI Industries

     19        1,745  

Lear Corp.

     280        33,012  

Motorcar Parts of America, Inc.*(a)

     135        2,281  

Shiloh Industries, Inc.*

     333        1,379  

Standard Motor Products, Inc.

     193        9,370  

Stoneridge, Inc.*

     327        10,127  

Superior Industries International, Inc.

     636        1,838  
     

 

 

 
Total Auto Components

 

     209,403  
Automobiles – 1.1%

 

Ford Motor Co.

     39,720        363,835  

General Motors Co.

     11,574        433,794  

Thor Industries, Inc.

     1,146        64,909  

Winnebago Industries, Inc.

     1,212        46,480  
     

 

 

 
Total Automobiles

 

     909,018  
Banks – 10.1%

 

1st Source Corp.

     51        2,332  

Allegiance Bancshares, Inc.*

     72        2,310  

American National Bankshares, Inc.

     72        2,554  

Arrow Financial Corp.

     75        2,511  

Associated Banc-Corp.

     299        6,055  

Atlantic Union Bankshares Corp.

     77        2,868  

Banc of California, Inc.

     81        1,145  

Bancorp, Inc. (The)*

     275        2,722  

BancorpSouth Bank

     179        5,300  

Bank of America Corp.

     54,865        1,600,412  

Bank of Hawaii Corp.

     692        59,464  

Bank of Marin Bancorp

     58        2,406  

Bar Harbor Bankshares

     98        2,443  

BB&T Corp.

     2,583        137,855  

Boston Private Financial Holdings, Inc.

     609        7,098  

Bridge Bancorp, Inc.

     82        2,424  

Brookline Bancorp, Inc.

     520        7,660  

Bryn Mawr Bank Corp.

     65        2,373  

Cadence BanCorp

     3,404        59,706  

Capstar Financial Holdings, Inc.

     147        2,437  

CBTX, Inc.

     73        2,035  

Citigroup, Inc.

     16,618        1,147,971  

Citizens Financial Group, Inc.

     4,067        143,850  

City Holding Co.

     136        10,370  

CNB Financial Corp.

     91        2,612  

Columbia Banking System, Inc.

     1,249        46,088  

Comerica, Inc.

     1,438        94,894  

Commerce Bancshares, Inc.

     191        11,584  

Community Bank System, Inc.

     482        29,735  

Community Trust Bancorp, Inc.

     56        2,384  

ConnectOne Bancorp, Inc.

     724        16,073  

Cullen/Frost Bankers, Inc.(a)

     658        58,266  

Customers Bancorp, Inc.*

     1,044        21,653  

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

CVB Financial Corp.

     158      $ 3,297  

Eagle Bancorp, Inc.

     588        26,237  

East West Bancorp, Inc.

     318        14,084  

Enterprise Bancorp, Inc.

     76        2,278  

Farmers National Banc Corp.

     180        2,606  

Fifth Third Bancorp

     3,934        107,713  

Financial Institutions, Inc.

     86        2,595  

First Bancorp

     101        3,626  

First Citizens BancShares, Inc. Class A

     152        71,676  

First Commonwealth Financial Corp.

     1,580        20,982  

First Community Bankshares, Inc.

     71        2,298  

First Financial Bancorp

     1,806        44,202  

First Financial Bankshares, Inc.

     406        13,532  

First Financial Corp.

     53        2,304  

First Internet Bancorp

     105        2,248  

First Interstate BancSystem, Inc. Class A

     521        20,965  

First Merchants Corp.

     108        4,065  

First Mid Bancshares, Inc.

     71        2,458  

First Midwest Bancorp, Inc.

     2,213        43,109  

First of Long Island Corp. (The)

     115        2,616  

First Republic Bank

     911        88,094  

Franklin Financial Network, Inc.

     81        2,447  

Glacier Bancorp, Inc.

     267        10,803  

Great Southern Bancorp, Inc.

     38        2,164  

HarborOne Bancorp, Inc.*

     248        2,496  

HomeTrust Bancshares, Inc.

     89        2,320  

Huntington Bancshares, Inc.

     2,665        38,030  

Iberiabank Corp.

     777        58,695  

Independent Bank Group, Inc.

     695        36,564  

JPMorgan Chase & Co.

     15,916        1,873,154  

KeyCorp

     8,442        150,605  

Lakeland Financial Corp.

     86        3,782  

LCNB Corp.

     146        2,590  

LegacyTexas Financial Group, Inc.

     774        33,692  

Live Oak Bancshares, Inc.

     748        13,539  

M&T Bank Corp.

     333        52,604  

Mercantile Bank Corp.

     78        2,558  

Metropolitan Bank Holding Corp.*

     69        2,714  

Midland States Bancorp, Inc.

     333        8,675  

MidWestOne Financial Group, Inc.

     89        2,716  

NBT Bancorp, Inc.

     481        17,600  

Nicolet Bankshares, Inc.*

     45        2,996  

Northeast Bank *

     127        2,816  

Old Line Bancshares, Inc.

     80        2,321  

Old Second Bancorp, Inc.

     175        2,138  

Opus Bank

     602        13,106  

Origin Bancorp, Inc.

     130        4,386  

Orrstown Financial Services, Inc.

     116        2,540  

Peapack Gladstone Financial Corp.

     106        2,971  

People’s United Financial, Inc.

     3,974        62,133  

People’s Utah Bancorp

     77        2,178  

Peoples Bancorp, Inc.

     74        2,354  

PNC Financial Services Group, Inc. (The)

     1,792        251,167  

Popular, Inc.

     316        17,089  

Preferred Bank

     105      5,500  

Prosperity Bancshares, Inc.(a)

     113        7,981  

QCR Holdings, Inc.

     70        2,659  

RBB Bancorp

     115        2,264  

Regions Financial Corp.

     3,151        49,849  

Renasant Corp.

     1,453        50,869  

Republic Bancorp, Inc. Class A

     137        5,953  

Republic First Bancorp, Inc.*

     343        1,441  

Sandy Spring Bancorp, Inc.

     532        17,934  

Seacoast Banking Corp. of Florida*

     551        13,946  

ServisFirst Bancshares, Inc.

     125        4,144  

Sierra Bancorp

     88        2,337  

Signature Bank

     51        6,080  

Simmons First National Corp. Class A

     1,757        43,749  

Southside Bancshares, Inc.

     279        9,517  

Sterling Bancorp

     3,272        65,636  

SunTrust Banks, Inc.

     2,207        151,842  

SVB Financial Group*

     64        13,373  

TCF Financial Corp.

     234        8,908  

Tompkins Financial Corp.

     40        3,245  

Towne Bank

     154        4,282  

TriCo Bancshares

     132        4,792  

Trustmark Corp.

     1,572        53,621  

U.S. Bancorp

     6,235        345,045  

UMB Financial Corp.

     85        5,489  

Valley National Bancorp

     5,346        58,111  

Veritex Holdings, Inc.

     487        11,817  

Washington Trust Bancorp, Inc.

     47        2,271  

Wells Fargo & Co.

     19,384        977,729  

Westamerica Bancorporation

     171        10,633  

Zions Bancorp NA

     1,938        86,280  
     

 

 

 
Total Banks

 

     8,693,815  
Beverages – 1.5%

 

Boston Beer Co., Inc. (The) Class A*

     27        9,830  

Brown-Forman Corp. Class B

     758        47,587  

Coca-Cola Co. (The)

     7,789        424,033  

Coca-Cola Consolidated, Inc.

     12        3,647  

Constellation Brands, Inc. Class A

     1,021        211,633  

Molson Coors Brewing Co. Class B

     699        40,193  

Monster Beverage Corp.*

     757        43,951  

National Beverage Corp.(a)

     126        5,589  

PepsiCo, Inc.

     3,541        485,471  
     

 

 

 
Total Beverages

 

     1,271,934  
Biotechnology – 2.2%

 

AbbVie, Inc.

     4,563        345,510  

Amgen, Inc.

     2,530        489,580  

Anika Therapeutics, Inc.*

     77        4,226  

Biogen, Inc.*

     728        169,493  

Celgene Corp.*

     3,622        359,665  

Emergent BioSolutions, Inc.*

     130        6,796  

Enanta Pharmaceuticals, Inc.*

     40        2,403  

Exelixis, Inc.*

     1,245        22,018  

Gilead Sciences, Inc.

     5,265        333,696  

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

Halozyme Therapeutics, Inc.*

     568      $ 8,810  

Ligand Pharmaceuticals, Inc.*(a)

     108        10,750  

Neurocrine Biosciences, Inc.*

     37        3,334  

Regeneron Pharmaceuticals, Inc.*

     350        97,090  

United Therapeutics Corp.*

     25        1,994  

Vertex Pharmaceuticals, Inc.*

     87        14,740  
     

 

 

 
Total Biotechnology

 

     1,870,105  
Building Products – 0.4%

 

A.O. Smith Corp.

     153        7,300  

AAON, Inc.

     49        2,251  

Advanced Drainage Systems, Inc.

     92        2,969  

American Woodmark Corp.*

     287        25,517  

Armstrong World Industries, Inc.

     351        33,942  

Builders FirstSource, Inc.*

     1,583        32,570  

Cornerstone Building Brands, Inc.*

     1,370        8,288  

Fortune Brands Home & Security, Inc.

     164        8,971  

Gibraltar Industries, Inc.*

     68        3,124  

Griffon Corp.

     613        12,855  

JELD-WEN Holding, Inc.*

     62        1,196  

Lennox International, Inc.

     172        41,791  

Masco Corp.

     700        29,176  

Owens Corning

     1,450        91,640  

PGT Innovations, Inc.*

     137        2,366  

Quanex Building Products Corp.

     171        3,092  

Simpson Manufacturing Co., Inc.

     58        4,023  

Trex Co., Inc.*

     111        10,093  

Universal Forest Products, Inc.

     132        5,264  
     

 

 

 
Total Building Products

 

     326,428  
Capital Markets – 4.4%

 

Affiliated Managers Group, Inc.

     592        49,343  

Ameriprise Financial, Inc.

     1,327        195,202  

Artisan Partners Asset Management, Inc. Class A

     1,520        42,925  

Bank of New York Mellon Corp. (The)

     3,672        166,011  

BlackRock, Inc.

     725        323,089  

CBOE Global Markets, Inc.

     18        2,068  

Charles Schwab Corp. (The)

     4,909        205,343  

CME Group, Inc.

     618        130,608  

Cohen & Steers, Inc.

     842        46,251  

Cowen, Inc.*(a)

     181        2,786  

Donnelley Financial Solutions, Inc.*

     587        7,232  

E*TRADE Financial Corp.

     484        21,146  

Evercore, Inc. Class A

     63        5,046  

FactSet Research Systems, Inc.

     106        25,755  

Federated Investors, Inc. Class B

     127        4,116  

Franklin Resources, Inc.

     1,757        50,707  

Goldman Sachs Group, Inc. (The)

     3,282        680,129  

Greenhill & Co., Inc.(a)

     168        2,204  

Houlihan Lokey, Inc.

     377        17,003  

Interactive Brokers Group, Inc. Class A

     531        28,557  

Intercontinental Exchange, Inc.

     1,664        153,537  

INTL FCStone, Inc.*

     102        4,188  

KKR & Co., Inc. Class A

     5,929        159,194  

LPL Financial Holdings, Inc.

     638        52,252  

MarketAxess Holdings, Inc.

     47      15,393  

Moody’s Corp.

     384        78,655  

Morgan Stanley

     12,491        532,991  

Morningstar, Inc.

     108        15,783  

MSCI, Inc.

     214        46,598  

Nasdaq, Inc.

     620        61,597  

Northern Trust Corp.

     1,301        121,409  

Raymond James Financial, Inc.

     344        28,366  

S&P Global, Inc.

     464        113,671  

SEI Investments Co.

     247        14,636  

State Street Corp.

     2,637        156,084  

T. Rowe Price Group, Inc.

     890        101,682  

TD Ameritrade Holding Corp.

     1,074        50,156  

Victory Capital Holdings, Inc. Class A

     384        5,906  

Virtu Financial, Inc. Class A(a)

     561        9,178  

Virtus Investment Partners, Inc.

     203        22,446  

Waddell & Reed Financial, Inc. Class A

     1,787        30,701  

Westwood Holdings Group, Inc.

     62        1,716  
     

 

 

 
Total Capital Markets

 

     3,781,660  
Chemicals – 1.4%

 

Air Products & Chemicals, Inc.

     799        177,266  

Albemarle Corp.(a)

     791        54,990  

Ashland Global Holdings, Inc.

     327        25,195  

Celanese Corp.

     802        98,077  

CF Industries Holdings, Inc.

     560        27,552  

Chemours Co. (The)

     2,189        32,704  

Corteva, Inc.*

     217        6,076  

Dow, Inc.*

     221        10,531  

DuPont de Nemours, Inc.

     217        15,474  

Eastman Chemical Co.

     391        28,867  

Ecolab, Inc.

     618        122,389  

Ferro Corp.*

     1,064        12,619  

FMC Corp.

     810        71,021  

FutureFuel Corp.

     144        1,719  

Huntsman Corp.

     2,649        61,616  

Ingevity Corp.*

     56        4,751  

Innophos Holdings, Inc.

     325        10,549  

International Flavors & Fragrances, Inc.(a)

     311        38,157  

Koppers Holdings, Inc.*

     591        17,263  

Kraton Corp.*

     631        20,375  

Livent Corp.*(a)

     757        5,064  

Minerals Technologies, Inc.

     501        26,598  

NewMarket Corp.

     31        14,635  

Olin Corp.

     1,766        33,059  

PPG Industries, Inc.

     347        41,123  

Quaker Chemical Corp.

     15        2,372  

RPM International, Inc.

     446        30,689  

Sensient Technologies Corp.

     372        25,538  

Sherwin-Williams Co. (The)

     129        70,933  

Stepan Co.

     61        5,921  

Valvoline, Inc.

     792        17,448  

W.R. Grace & Co.

     618        41,258  

Westlake Chemical Corp.

     919        60,213  
     

 

 

 
Total Chemicals

 

     1,212,042  

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  
Commercial Services & Supplies – 0.7%

 

ACCO Brands Corp.

     2,688      $ 26,531  

Cintas Corp.

     276        73,996  

Clean Harbors, Inc.*

     39        3,011  

Copart, Inc.*

     618        49,644  

Covanta Holding Corp.

     128        2,213  

Ennis, Inc.

     82        1,657  

Herman Miller, Inc.

     896        41,297  

HNI Corp.

     330        11,715  

IAA, Inc.*

     710        29,628  

Interface, Inc.

     1,815        26,209  

KAR Auction Services, Inc.(a)

     710        17,430  

Kimball International, Inc. Class B

     155        2,991  

LSC Communications, Inc.(a)

     740        1,021  

McGrath RentCorp

     145        10,090  

MSA Safety, Inc.

     109        11,893  

Republic Services, Inc.

     907        78,501  

Rollins, Inc.

     316        10,766  

RR Donnelley & Sons Co.

     2,088        7,872  

Tetra Tech, Inc.

     91        7,895  

U.S. Ecology, Inc.

     33        2,110  

UniFirst Corp.

     114        22,244  

VSE Corp.

     76        2,591  

Waste Management, Inc.

     1,162        133,630  
     

 

 

 
Total Commercial Services & Supplies

 

     574,935  
Communications Equipment – 1.1%

 

Arista Networks, Inc.*

     217        51,846  

CalAmp Corp.*

     258        2,972  

Casa Systems, Inc.*

     725        5,695  

Ciena Corp.*

     542        21,263  

Cisco Systems, Inc.

     13,911        687,342  

F5 Networks, Inc.*

     157        22,046  

InterDigital, Inc.

     44        2,309  

Juniper Networks, Inc.

     1,676        41,481  

Lumentum Holdings, Inc.*(a)

     306        16,389  

Motorola Solutions, Inc.

     413        70,379  

NETGEAR, Inc.*

     37        1,192  

Ubiquiti, Inc.(a)

     243        28,737  
     

 

 

 
Total Communications Equipment

 

     951,651  
Construction & Engineering – 0.2%

 

Comfort Systems USA, Inc.

     50        2,212  

EMCOR Group, Inc.

     565        48,658  

Fluor Corp.

     742        14,194  

Jacobs Engineering Group, Inc.

     517        47,305  

MasTec, Inc.*

     195        12,661  

MYR Group, Inc.*

     79        2,472  

Tutor Perini Corp.*(a)

     1,005        14,402  

Valmont Industries, Inc.

     280        38,763  
     

 

 

 
Total Construction & Engineering

 

     180,667  
Construction Materials – 0.0%

 

Forterra, Inc.*(a)

     590        4,266  

Martin Marietta Materials, Inc.

     77        21,106  

US Concrete, Inc.*(a)

     283        15,644  
     

 

 

 
Total Construction Materials

 

     41,016  
Consumer Finance – 1.8%

 

Ally Financial, Inc.

     2,743      90,958  

American Express Co.

     3,528        417,292  

Capital One Financial Corp.

     4,249        386,574  

Credit Acceptance Corp.*

     52        23,988  

Curo Group Holdings Corp.*(a)

     279        3,705  

Discover Financial Services

     2,127        172,478  

Elevate Credit, Inc.*

     825        3,473  

Encore Capital Group, Inc.*(a)

     568        18,929  

Enova International, Inc.*

     305        6,329  

EZCORP, Inc. Class A*(a)

     388        2,505  

FirstCash, Inc.

     24        2,200  

Green Dot Corp. Class A*

     89        2,247  

Nelnet, Inc. Class A

     513        32,627  

OneMain Holdings, Inc.

     300        11,004  

PRA Group, Inc.*

     555        18,753  

Santander Consumer USA Holdings, Inc.

     3,808        97,142  

Synchrony Financial

     6,920        235,903  

World Acceptance Corp.*

     69        8,798  
     

 

 

 
Total Consumer Finance

 

     1,534,905  
Containers & Packaging – 0.4%

 

AptarGroup, Inc.

     122        14,451  

Avery Dennison Corp.

     575        65,303  

Ball Corp.

     880        64,073  

Berry Global Group, Inc.*

     187        7,343  

Crown Holdings, Inc.*

     409        27,018  

International Paper Co.

     1,044        43,660  

Owens-Illinois, Inc.

     848        8,709  

Sealed Air Corp.

     1,312        54,461  

Silgan Holdings, Inc.

     193        5,797  

Sonoco Products Co.

     739        43,017  

WestRock Co.

     368        13,414  
     

 

 

 
Total Containers & Packaging

 

     347,246  
Distributors – 0.1%

 

Genuine Parts Co.

     809        80,568  

Pool Corp.

     57        11,497  

Weyco Group, Inc.

     76        1,719  
     

 

 

 
Total Distributors

 

     93,784  
Diversified Consumer Services – 0.2%

 

Adtalem Global Education, Inc.*

     260        9,903  

Bright Horizons Family Solutions, Inc.*

     69        10,523  

Career Education Corp.*

     179        2,844  

Collectors Universe, Inc.

     198        5,639  

Graham Holdings Co. Class B

     35        23,221  

Grand Canyon Education, Inc.*

     83        8,151  

H&R Block, Inc.

     2,095        49,484  

Laureate Education, Inc. Class A*

     1,364        22,608  

Service Corp. International

     511        24,431  

ServiceMaster Global Holdings, Inc.*

     243        13,584  

WW International, Inc.*

     333        12,594  

Zovio, Inc.*

     287        565  
     

 

 

 
Total Diversified Consumer Services

 

     183,547  

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  
Diversified Financial Services – 2.3%

 

Berkshire Hathaway, Inc. Class B*

     9,287      $ 1,931,882  

Voya Financial, Inc.

     1,339        72,895  
     

 

 

 
Total Diversified Financial Services

 

     2,004,777  
Diversified Telecommunication Services – 2.2%

 

AT&T, Inc.

     23,989        907,744  

ATN International, Inc.

     27        1,576  

Cogent Communications Holdings, Inc.

     190        10,469  

Globalstar, Inc.*(a)

     18,321        7,579  

IDT Corp. Class B*

     323        3,401  

Verizon Communications, Inc.

     15,422        930,872  

Vonage Holdings Corp.*

     247        2,791  
     

 

 

 
Total Diversified Telecommunication Services

 

     1,864,432  
Electric Utilities – 1.9%

 

ALLETE, Inc.

     153        13,374  

Alliant Energy Corp.

     650        35,054  

American Electric Power Co., Inc.

     1,334        124,982  

Avangrid, Inc.(a)

     277        14,473  

Duke Energy Corp.

     2,132        204,373  

Edison International

     1,154        87,035  

Entergy Corp.

     371        43,541  

Evergy, Inc.

     469        31,217  

Eversource Energy

     1,145        97,863  

Exelon Corp.

     3,296        159,230  

Hawaiian Electric Industries, Inc.

     274        12,497  

IDACORP, Inc.

     88        9,915  

NextEra Energy, Inc.

     1,662        387,229  

OGE Energy Corp.

     853        38,709  

Otter Tail Corp.

     217        11,664  

Pinnacle West Capital Corp.

     339        32,907  

PNM Resources, Inc.

     199        10,364  

Portland General Electric Co.

     325        18,320  

PPL Corp.

     3,085        97,147  

Southern Co. (The)

     2,094        129,346  

Xcel Energy, Inc.

     1,337        86,758  
     

 

 

 
Total Electric Utilities

 

     1,645,998  
Electrical Equipment – 0.4%

 

AMETEK, Inc.

     893        81,995  

Atkore International Group, Inc.*

     726        22,034  

AZZ, Inc.

     96        4,182  

Emerson Electric Co.

     1,173        78,427  

Encore Wire Corp.

     47        2,645  

EnerSys

     164        10,814  

Generac Holdings, Inc.*

     409        32,041  

GrafTech International Ltd.(a)

     4,012        51,354  

Hubbell, Inc.

     71        9,329  

LSI Industries, Inc.

     569        2,970  

Preformed Line Products Co.

     38        2,075  

Regal Beloit Corp.

     431        31,398  

Rockwell Automation, Inc.

     211        34,773  

Sunrun, Inc.*(a)

     434        7,250  
     

 

 

 
Total Electrical Equipment

 

     371,287  
Electronic Equipment, Instruments & Components – 0.7%

 

Amphenol Corp. Class A

     637      61,471  

Arlo Technologies, Inc.*

     75        256  

Arrow Electronics, Inc.*

     1,030        76,817  

AVX Corp.

     1,310        19,912  

Belden, Inc.

     635        33,871  

CDW Corp.

     522        64,331  

Cognex Corp.

     179        8,794  

Coherent, Inc.*(a)

     25        3,843  

Corning, Inc.

     3,233        92,205  

CTS Corp.

     83        2,686  

Dolby Laboratories, Inc. Class A

     328        21,202  

FLIR Systems, Inc.

     197        10,360  

II-VI, Inc.*(a)

     78        2,746  

Insight Enterprises, Inc.*

     429        23,891  

IPG Photonics Corp.*

     76        10,306  

KEMET Corp.

     894        16,253  

Keysight Technologies, Inc.*

     344        33,454  

Knowles Corp.*

     611        12,428  

MTS Systems Corp.

     50        2,763  

National Instruments Corp.

     169        7,096  

nLight, Inc.*(a)

     130        2,036  

Plexus Corp.*

     82        5,126  

Rogers Corp.*

     130        17,772  

Sanmina Corp.*

     228        7,321  

SYNNEX Corp.

     1        113  

Tech Data Corp.*

     352        36,693  

Trimble, Inc.*

     167        6,481  

TTM Technologies, Inc.*

     2,232        27,219  

Zebra Technologies Corp. Class A*

     136        28,066  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     635,512  
Energy Equipment & Services – 0.1%

 

C&J Energy Services, Inc.*

     721        7,736  

Cactus, Inc. Class A*

     113        3,270  

Covia Holdings Corp.*(a)

     2,030        4,101  

Forum Energy Technologies, Inc.*

     1,476        2,288  

FTS International, Inc.*

     2,778        6,223  

Halliburton Co.

     2,213        41,715  

Helmerich & Payne, Inc.

     38        1,523  

Keane Group, Inc.*

     526        3,187  

Liberty Oilfield Services, Inc. Class A

     706        7,646  

Mammoth Energy Services, Inc.

     217        538  

NCS Multistage Holdings, Inc.*(a)

     393        786  

ProPetro Holding Corp.*

     297        2,700  

RPC, Inc.

     1,411        7,916  

SEACOR Holdings, Inc.*

     94        4,425  

Select Energy Services, Inc. Class A*

     819        7,092  

Smart Sand, Inc.*(a)

     2,980        8,433  

U.S. Silica Holdings, Inc.

     1,454        13,900  
     

 

 

 
Total Energy Equipment & Services

 

     123,479  
Entertainment – 1.2%

 

Activision Blizzard, Inc.

     1,046        55,354  

Cinemark Holdings, Inc.

     709        27,396  

 

See Notes to Financial Statements.

 

98   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

Electronic Arts, Inc.*

     559      $ 54,682  

Madison Square Garden Co. (The) Class A*

     14        3,689  

Netflix, Inc.*

     255        68,243  

Viacom, Inc. Class B

     2,163        51,977  

Walt Disney Co. (The)

     6,000        781,920  

World Wrestling Entertainment, Inc. Class A(a)

     75        5,336  

Zynga, Inc. Class A*

     2,752        16,017  
     

 

 

 
Total Entertainment

 

     1,064,614  
Equity Real Estate Investment Trusts (REITs) – 2.0%

 

Alexander & Baldwin, Inc.

     386        9,461  

Alexandria Real Estate Equities, Inc.

     77        11,861  

American Tower Corp.

     471        104,152  

Americold Realty Trust

     82        3,040  

Apartment Investment & Management Co. Class A

     349        18,197  

AvalonBay Communities, Inc.

     350        75,366  

Boston Properties, Inc.

     123        15,948  

Brandywine Realty Trust

     167        2,530  

Brixmor Property Group, Inc.

     1,414        28,690  

Camden Property Trust

     86        9,547  

CoreCivic, Inc.

     752        12,995  

Corporate Office Properties Trust

     101        3,008  

Cousins Properties, Inc.

     293        11,014  

Crown Castle International Corp.

     318        44,205  

CubeSmart

     402        14,030  

DiamondRock Hospitality Co.

     1,108        11,357  

Digital Realty Trust, Inc.(a)

     137        17,784  

Douglas Emmett, Inc.

     77        3,298  

Duke Realty Corp.

     765        25,987  

EastGroup Properties, Inc.

     45        5,626  

Empire State Realty Trust, Inc. Class A

     147        2,098  

EPR Properties

     262        20,137  

Equity LifeStyle Properties, Inc.

     157        20,975  

Equity Residential

     841        72,545  

Essex Property Trust, Inc.

     147        48,018  

Extra Space Storage, Inc.

     289        33,761  

First Industrial Realty Trust, Inc.

     174        6,883  

Gaming and Leisure Properties, Inc.

     818        31,280  

GEO Group, Inc. (The)

     592        10,265  

HCP, Inc.

     1,264        45,036  

Healthcare Realty Trust, Inc.

     167        5,595  

Healthcare Trust of America, Inc. Class A

     81        2,380  

Host Hotels & Resorts, Inc.

     3,224        55,743  

Hudson Pacific Properties, Inc.

     77        2,576  

Industrial Logistics Properties Trust

     77        1,636  

Kilroy Realty Corp.

     25        1,947  

Kimco Realty Corp.

     1,756        36,665  

Lamar Advertising Co. Class A

     63        5,162  

Lexington Realty Trust

     1,125        11,531  

Liberty Property Trust

     576        29,566  

Life Storage, Inc.

     96        10,119  

Medical Properties Trust, Inc.

     1,476        28,871  

Mid-America Apartment Communities, Inc.

     179        23,272  

National Health Investors, Inc.

     140        11,535  

National Retail Properties, Inc.

     355      20,022  

Omega Healthcare Investors, Inc.

     612        25,575  

Pebblebrook Hotel Trust

     183        5,091  

Prologis, Inc.

     1,265        107,803  

Public Storage

     406        99,580  

Realty Income Corp.

     419        32,129  

Regency Centers Corp.

     26        1,807  

RPT Realty

     153        2,073  

Ryman Hospitality Properties, Inc.

     112        9,163  

Sabra Health Care REIT, Inc.

     1,097        25,187  

SBA Communications Corp.

     49        11,816  

Senior Housing Properties Trust

     2,718        25,155  

Service Properties Trust

     96        2,476  

Simon Property Group, Inc.

     766        119,228  

STORE Capital Corp.

     466        17,433  

Terreno Realty Corp.

     91        4,649  

UDR, Inc.

     594        28,797  

Urstadt Biddle Properties, Inc. Class A

     42        995  

Ventas, Inc.

     764        55,795  

VICI Properties, Inc.

     955        21,631  

Vornado Realty Trust

     36        2,292  

W.P. Carey, Inc.

     282        25,239  

Weingarten Realty Investors

     69        2,010  

Welltower, Inc.

     865        78,412  

Weyerhaeuser Co.

     3,317        91,881  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     1,761,931  
Food & Staples Retailing – 1.3%

 

Andersons, Inc. (The)

     77        1,727  

BJ’s Wholesale Club Holdings, Inc.*

     833        21,550  

Casey’s General Stores, Inc.

     95        15,310  

Costco Wholesale Corp.

     690        198,796  

Kroger Co. (The)

     5,679        146,405  

Performance Food Group Co.*

     358        16,472  

Sprouts Farmers Market, Inc.*

     559        10,811  

Sysco Corp.

     1,017        80,750  

U.S. Foods Holding Corp.*

     895        36,784  

Walgreens Boots Alliance, Inc.

     3,424        189,381  

Walmart, Inc.

     3,136        372,180  

Weis Markets, Inc.

     143        5,454  
     

 

 

 
Total Food & Staples Retailing

 

     1,095,620  
Food Products – 1.4%

 

Archer-Daniels-Midland Co.

     2,010        82,551  

B&G Foods, Inc.(a)

     454        8,585  

Cal-Maine Foods, Inc.

     135        5,394  

Campbell Soup Co.

     342        16,047  

Conagra Brands, Inc.

     955        29,299  

Darling Ingredients, Inc.*

     362        6,925  

Flowers Foods, Inc.

     951        21,997  

General Mills, Inc.

     1,547        85,271  

Hershey Co. (The)

     659        102,138  

Hormel Foods Corp.

     1,469        64,239  

Hostess Brands, Inc.*

     636        8,894  

Ingredion, Inc.

     470        38,418  

 

See Notes to Financial Statements.

 

WisdomTree Trust      99  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

J&J Snack Foods Corp.

     54      $ 10,368  

J.M. Smucker Co. (The)

     189        20,794  

Kellogg Co.

     1,960        126,126  

Kraft Heinz Co. (The)

     3,360        93,862  

Lamb Weston Holdings, Inc.

     302        21,961  

Lancaster Colony Corp.

     13        1,802  

Mondelez International, Inc. Class A

     4,708        260,447  

Pilgrim’s Pride Corp.*

     169        5,416  

Post Holdings, Inc.*

     84        8,891  

Sanderson Farms, Inc.

     16        2,421  

Seaboard Corp.

     5        21,875  

Tootsie Roll Industries, Inc.

     194        7,205  

Tyson Foods, Inc. Class A

     1,566        134,895  
     

 

 

 
Total Food Products

 

     1,185,821  
Gas Utilities – 0.1%

 

Atmos Energy Corp.

     272        30,978  

Chesapeake Utilities Corp.

     13        1,239  

National Fuel Gas Co.

     408        19,143  

New Jersey Resources Corp.

     171        7,733  

ONE Gas, Inc.

     162        15,570  

Southwest Gas Holdings, Inc.

     173        15,750  

UGI Corp.

     703        35,340  
     

 

 

 
Total Gas Utilities

 

     125,753  
Health Care Equipment & Supplies – 1.3%

 

Abbott Laboratories

     1,921        160,730  

ABIOMED, Inc.*

     26        4,625  

Align Technology, Inc.*

     50        9,046  

Baxter International, Inc.

     803        70,238  

Becton, Dickinson and Co.

     334        84,489  

Boston Scientific Corp.*

     2,066        84,065  

Cantel Medical Corp.(a)

     137        10,248  

Cooper Cos., Inc. (The)

     79        23,463  

Danaher Corp.

     1,380        199,313  

Edwards Lifesciences Corp.*

     412        90,603  

Globus Medical, Inc. Class A*

     143        7,310  

Haemonetics Corp.*

     70        8,830  

Hill-Rom Holdings, Inc.

     178        18,731  

ICU Medical, Inc.*

     16        2,554  

IDEXX Laboratories, Inc.*

     71        19,307  

Inogen, Inc.*(a)

     19        910  

Intuitive Surgical, Inc.*

     114        61,552  

Masimo Corp.*

     63        9,374  

Neogen Corp.*

     64        4,359  

ResMed, Inc.

     281        37,966  

Stryker Corp.

     583        126,103  

Teleflex, Inc.

     48        16,308  

Varex Imaging Corp.*

     210        5,993  

Varian Medical Systems, Inc.*

     214        25,485  

West Pharmaceutical Services, Inc.

     134        19,004  

Zimmer Biomet Holdings, Inc.

     269        36,926  
     

 

 

 
Total Health Care Equipment & Supplies

 

     1,137,532  
Health Care Providers & Services – 2.1%

 

Amedisys, Inc.*

     76      9,957  

AmerisourceBergen Corp.

     490        40,342  

AMN Healthcare Services, Inc.*

     166        9,555  

Anthem, Inc.

     698        167,590  

Cardinal Health, Inc.

     331        15,620  

Centene Corp.*

     802        34,694  

Cigna Corp.

     1,094        166,058  

Covetrus, Inc.*(a)

     165        1,962  

CVS Health Corp.

     3,897        245,784  

Encompass Health Corp.

     264        16,706  

Ensign Group, Inc. (The)

     285        13,518  

HCA Healthcare, Inc.

     1,403        168,949  

Henry Schein, Inc.*

     409        25,971  

Humana, Inc.

     342        87,439  

Laboratory Corp. of America Holdings*

     204        34,272  

Magellan Health, Inc.*

     225        13,972  

McKesson Corp.

     536        73,250  

Molina Healthcare, Inc.*

     128        14,044  

Quest Diagnostics, Inc.

     285        30,504  

Select Medical Holdings Corp.*

     756        12,527  

Tenet Healthcare Corp.*

     482        10,662  

UnitedHealth Group, Inc.

     2,243        487,449  

Universal Health Services, Inc. Class B

     496        73,780  

WellCare Health Plans, Inc.*

     90        23,325  
     

 

 

 
Total Health Care Providers & Services

 

     1,777,930  
Health Care Technology – 0.0%

 

Allscripts Healthcare Solutions, Inc.*

     1,076        11,814  

Cerner Corp.

     51        3,477  

Medidata Solutions, Inc.*

     102        9,333  

NextGen Healthcare, Inc.*

     134        2,100  

Veeva Systems, Inc. Class A*

     87        13,284  
     

 

 

 
Total Health Care Technology

 

     40,008  
Hotels, Restaurants & Leisure – 2.0%

 

Aramark

     165        7,191  

BBX Capital Corp.

     1,277        5,964  

BJ’s Restaurants, Inc.

     128        4,972  

Bloomin’ Brands, Inc.

     222        4,202  

Bluegreen Vacations Corp.(a)

     882        8,220  

Brinker International, Inc.(a)

     246        10,497  

Caesars Entertainment Corp.*

     2,843        33,149  

Choice Hotels International, Inc.

     291        25,887  

Churchill Downs, Inc.

     182        22,469  

Cracker Barrel Old Country Store, Inc.(a)

     107        17,404  

Darden Restaurants, Inc.

     271        32,038  

Domino’s Pizza, Inc.

     56        13,697  

Dunkin’ Brands Group, Inc.

     160        12,698  

Eldorado Resorts, Inc.*

     183        7,296  

Hilton Grand Vacations, Inc.*

     1        32  

Hilton Worldwide Holdings, Inc.

     1,077        100,279  

Hyatt Hotels Corp. Class A

     130        9,577  

International Speedway Corp. Class A

     248        11,162  

Jack in the Box, Inc.

     67        6,105  

 

See Notes to Financial Statements.

 

100   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

Las Vegas Sands Corp.

     1,871      $ 108,069  

Marriott International, Inc. Class A

     1,482        184,316  

McDonald’s Corp.

     1,977        424,482  

Monarch Casino & Resort, Inc.*

     59        2,460  

Planet Fitness, Inc. Class A*

     379        21,933  

Red Robin Gourmet Burgers, Inc.*

     77        2,561  

Red Rock Resorts, Inc. Class A

     1,104        22,417  

SeaWorld Entertainment, Inc.*(a)

     78        2,053  

Shake Shack, Inc. Class A*

     154        15,098  

Six Flags Entertainment Corp.

     508        25,801  

Starbucks Corp.

     3,509        310,266  

Texas Roadhouse, Inc.

     151        7,930  

Vail Resorts, Inc.

     49        11,150  

Wendy’s Co. (The)

     1,808        36,124  

Wyndham Destinations, Inc.

     257        11,827  

Wyndham Hotels & Resorts, Inc.

     230        11,900  

Yum! Brands, Inc.

     1,351        153,244  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     1,684,470  
Household Durables – 0.8%

 

Bassett Furniture Industries, Inc.

     117        1,790  

Beazer Homes USA, Inc.*

     1,450        21,605  

Cavco Industries, Inc.*

     18        3,458  

D.R. Horton, Inc.

     3,492        184,063  

Ethan Allen Interiors, Inc.

     780        14,898  

Flexsteel Industries, Inc.

     292        4,327  

Green Brick Partners, Inc.*

     286        3,060  

Hamilton Beach Brands Holding Co. Class A

     104        1,682  

La-Z-Boy, Inc.

     899        30,197  

Lennar Corp. Class A

     1,633        91,203  

M/I Homes, Inc.*

     919        34,600  

MDC Holdings, Inc.

     325        14,007  

Meritage Homes Corp.*

     60        4,221  

Mohawk Industries, Inc.*

     313        38,834  

New Home Co., Inc. (The)*

     371        1,618  

NVR, Inc.*

     12        44,608  

PulteGroup, Inc.

     1,976        72,223  

Taylor Morrison Home Corp. Class A*

     81        2,101  

Toll Brothers, Inc.

     178        7,307  

TopBuild Corp.*

     404        38,958  

TRI Pointe Group, Inc.*

     714        10,739  

Universal Electronics, Inc.*

     223        11,351  

Whirlpool Corp.

     73        11,560  

William Lyon Homes Class A*

     2,056        41,860  

ZAGG, Inc.*(a)

     518        3,248  
     

 

 

 
Total Household Durables

 

     693,518  
Household Products – 1.3%

 

Church & Dwight Co., Inc.

     444        33,406  

Clorox Co. (The)

     370        56,192  

Colgate-Palmolive Co.

     1,458        107,177  

Energizer Holdings, Inc.(a)

     208        9,065  

Kimberly-Clark Corp.

     1,082        153,698  

Procter & Gamble Co. (The)

     6,231        775,012  

Spectrum Brands Holdings, Inc.

     537        28,311  
     

 

 

 
Total Household Products

 

     1,162,861  
Independent Power & Renewable Electricity Producers – 0.0%

 

AES Corp.

     843      13,775  

Clearway Energy, Inc. Class C

     126        2,300  

Ormat Technologies, Inc.

     81        6,017  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     22,092  
Industrial Conglomerates – 1.0%

 

3M Co.

     1,536        252,519  

Carlisle Cos., Inc.

     435        63,310  

Honeywell International, Inc.

     3,029        512,507  

Roper Technologies, Inc.

     129        46,001  
     

 

 

 
Total Industrial Conglomerates

 

     874,337  
Insurance – 3.4%

 

Aflac, Inc.

     4,555        238,318  

Alleghany Corp.*

     90        71,798  

Allstate Corp. (The)

     1,980        215,186  

American Equity Investment Life Holding Co.

     1,554        37,607  

American Financial Group, Inc.

     190        20,492  

American International Group, Inc.

     1,986        110,620  

American National Insurance Co.

     297        36,748  

Arthur J. Gallagher & Co.

     740        66,282  

Assurant, Inc.

     357        44,918  

Brown & Brown, Inc.

     1,153        41,577  

Cincinnati Financial Corp.

     826        96,369  

CNA Financial Corp.

     2,163        106,528  

Employers Holdings, Inc.

     287        12,508  

Erie Indemnity Co. Class A

     153        28,404  

FBL Financial Group, Inc. Class A

     76        4,523  

Fidelity National Financial, Inc.

     1,871        83,091  

First American Financial Corp.

     209        12,333  

Genworth Financial, Inc. Class A*

     6,858        30,175  

Globe Life, Inc.

     177        16,950  

Hanover Insurance Group, Inc. (The)

     198        26,837  

Hartford Financial Services Group, Inc. (The)

     2,928        177,466  

Horace Mann Educators Corp.

     77        3,567  

Lincoln National Corp.

     933        56,279  

Loews Corp.

     840        43,243  

Markel Corp.*

     26        30,729  

Marsh & McLennan Cos., Inc.

     1,448        144,872  

MetLife, Inc.

     6,091        287,252  

National Western Life Group, Inc. Class A

     30        8,051  

Old Republic International Corp.

     2,828        66,656  

Primerica, Inc.

     87        11,069  

Principal Financial Group, Inc.

     1,907        108,966  

Progressive Corp. (The)

     2,532        195,597  

Prudential Financial, Inc.

     2,137        192,223  

Reinsurance Group of America, Inc.

     499        79,780  

RLI Corp.

     106        9,849  

Selective Insurance Group, Inc.

     162        12,181  

Travelers Cos., Inc. (The)

     1,019        151,515  

W.R. Berkley Corp.

     828        59,806  
     

 

 

 
Total Insurance

 

     2,940,365  
Interactive Media & Services – 4.0%

 

Alphabet, Inc. Class A*

     1,499        1,830,489  

 

See Notes to Financial Statements.

 

WisdomTree Trust      101  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

Cargurus, Inc.*(a)

     73      $ 2,259  

Facebook, Inc. Class A*

     8,296        1,477,352  

IAC/InterActiveCorp*

     166        36,183  

Match Group, Inc.

     608        43,436  

TripAdvisor, Inc.*

     161        6,227  

Twitter, Inc.*

     542        22,330  

Yelp, Inc.*

     440        15,290  
     

 

 

 
Total Interactive Media & Services

 

     3,433,566  
Internet & Direct Marketing Retail – 1.1%

 

Amazon.com, Inc.*

     282        489,527  

Booking Holdings, Inc.*

     128        251,214  

eBay, Inc.

     3,696        144,070  

Expedia Group, Inc.

     300        40,323  

GrubHub, Inc.*(a)

     59        3,316  

PetMed Express, Inc.(a)

     388        6,992  

Qurate Retail, Inc.*

     913        9,418  

Shutterstock, Inc.*

     162        5,851  

Stamps.com, Inc.*(a)

     36        2,680  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     953,391  
IT Services – 3.7%

 

Alliance Data Systems Corp.

     131        16,785  

Automatic Data Processing, Inc.

     728        117,514  

Black Knight, Inc.*

     85        5,190  

Booz Allen Hamilton Holding Corp.

     415        29,473  

Broadridge Financial Solutions, Inc.

     128        15,927  

CACI International, Inc. Class A*

     48        11,100  

Cognizant Technology Solutions Corp. Class A

     1,350        81,358  

CSG Systems International, Inc.

     231        11,938  

DXC Technology Co.

     1,561        46,050  

EPAM Systems, Inc.*

     125        22,790  

Euronet Worldwide, Inc.*

     122        17,849  

ExlService Holdings, Inc.*

     77        5,156  

Fidelity National Information Services, Inc.

     695        92,268  

Fiserv, Inc.*

     1,718        177,968  

FleetCor Technologies, Inc.*

     178        51,047  

Gartner, Inc.*

     75        10,724  

Global Payments, Inc.

     482        76,638  

GoDaddy, Inc. Class A*

     71        4,685  

GreenSky, Inc. Class A*

     420        2,875  

International Business Machines Corp.

     4,776        694,526  

Jack Henry & Associates, Inc.

     109        15,911  

KBR, Inc.

     1,706        41,865  

Leidos Holdings, Inc.

     88        7,557  

ManTech International Corp. Class A

     122        8,712  

MasterCard, Inc. Class A

     1,655        449,448  

MAXIMUS, Inc.

     348        26,886  

NIC, Inc.

     547        11,296  

Paychex, Inc.

     1,083        89,640  

PayPal Holdings, Inc.*

     1,572        162,843  

Perspecta, Inc.

     732        19,120  

Presidio, Inc.

     526        8,889  

Science Applications International Corp.

     136        11,880  

Sykes Enterprises, Inc.*

     126        3,861  

TTEC Holdings, Inc.

     187      8,954  

Unisys Corp.*

     259        1,924  

VeriSign, Inc.*

     232        43,762  

Virtusa Corp.*

     57        2,053  

Visa, Inc. Class A

     4,009        689,588  

Western Union Co. (The)

     4,457        103,269  

WEX, Inc.*

     34        6,870  
     

 

 

 
Total IT Services

 

     3,206,189  
Leisure Products – 0.1%

 

Acushnet Holdings Corp.

     296        7,815  

Callaway Golf Co.

     769        14,926  

Clarus Corp.

     228        2,673  

Hasbro, Inc.

     236        28,011  

Johnson Outdoors, Inc. Class A

     35        2,050  

Malibu Boats, Inc. Class A*

     77        2,362  

Marine Products Corp.

     129        1,827  

MasterCraft Boat Holdings, Inc.*

     109        1,627  

Nautilus, Inc.*

     201        271  
     

 

 

 
Total Leisure Products

 

     61,562  
Life Sciences Tools & Services – 0.7%

 

Agilent Technologies, Inc.

     708        54,254  

Bio-Rad Laboratories, Inc. Class A*

     302        100,488  

Bruker Corp.

     481        21,130  

Cambrex Corp.*

     289        17,196  

Charles River Laboratories International, Inc.*

     128        16,943  

Illumina, Inc.*

     179        54,455  

IQVIA Holdings, Inc.*

     72        10,755  

Medpace Holdings, Inc.*

     42        3,530  

Mettler-Toledo International, Inc.*

     39        27,472  

PerkinElmer, Inc.

     248        21,122  

PRA Health Sciences, Inc.*

     86        8,534  

Syneos Health, Inc.*

     52        2,767  

Thermo Fisher Scientific, Inc.

     689        200,685  

Waters Corp.*

     152        33,931  
     

 

 

 
Total Life Sciences Tools & Services

 

     573,262  
Machinery – 2.4%

 

AGCO Corp.

     151        11,431  

Albany International Corp. Class A

     296        26,687  

Allison Transmission Holdings, Inc.

     1,230        57,871  

Blue Bird Corp.*

     138        2,627  

Caterpillar, Inc.

     2,776        350,637  

Chart Industries, Inc.*

     36        2,245  

Columbus McKinnon Corp.

     105        3,825  

Commercial Vehicle Group, Inc.*

     925        6,669  

Cummins, Inc.

     1,133        184,305  

Deere & Co.

     954        160,921  

Douglas Dynamics, Inc.

     64        2,852  

Dover Corp.

     332        33,054  

Energy Recovery, Inc.*(a)

     311        2,881  

ESCO Technologies, Inc.

     32        2,546  

Evoqua Water Technologies Corp.*

     892        15,182  

Federal Signal Corp.

     259        8,480  

 

See Notes to Financial Statements.

 

102   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

Flowserve Corp.

     150      $ 7,007  

Fortive Corp.

     504        34,554  

Gardner Denver Holdings, Inc.*

     1,287        36,409  

Gorman-Rupp Co. (The)

     70        2,435  

Graco, Inc.

     188        8,656  

Harsco Corp.*

     301        5,707  

Helios Technologies, Inc.

     269        10,913  

Hillenbrand, Inc.

     133        4,107  

Hyster-Yale Materials Handling, Inc.

     148        8,100  

IDEX Corp.

     79        12,947  

Illinois Tool Works, Inc.

     1,350        211,261  

ITT, Inc.

     855        52,317  

John Bean Technologies Corp.

     200        19,886  

Kennametal, Inc.

     834        25,637  

Lincoln Electric Holdings, Inc.

     537        46,590  

Lindsay Corp.(a)

     71        6,592  

Lydall, Inc.*

     509        12,679  

Manitowoc Co., Inc. (The)*

     638        7,975  

Meritor, Inc.*

     2,587        47,859  

Middleby Corp. (The)*

     147        17,184  

Milacron Holdings Corp.*

     628        10,469  

Miller Industries, Inc.

     82        2,731  

Mueller Water Products, Inc. Class A

     1,504        16,905  

Navistar International Corp.*

     1,109        31,174  

Nordson Corp.

     312        45,633  

Oshkosh Corp.

     186        14,099  

PACCAR, Inc.

     1,715        120,067  

Park-Ohio Holdings Corp.

     149        4,449  

Parker-Hannifin Corp.

     384        69,354  

Proto Labs, Inc.*

     55        5,616  

RBC Bearings, Inc.*

     40        6,636  

REV Group, Inc.(a)

     2,139        24,449  

Rexnord Corp.*

     198        5,356  

Spartan Motors, Inc.

     383        5,255  

SPX FLOW, Inc.*

     536        21,151  

Stanley Black & Decker, Inc.

     355        51,266  

Tennant Co.

     41        2,899  

Terex Corp.

     994        25,814  

Timken Co. (The)

     1,226        53,343  

Toro Co. (The)

     150        10,995  

TriMas Corp.*

     81        2,483  

Trinity Industries, Inc.

     296        5,825  

Twin Disc, Inc.*

     145        1,536  

Wabash National Corp.

     1,634        23,709  

WABCO Holdings, Inc.*

     114        15,248  

Woodward, Inc.

     199        21,458  

Xylem, Inc.

     167        13,297  
     

 

 

 
Total Machinery

 

     2,062,245  
Marine – 0.0%

 

Kirby Corp.*

     105        8,627  

Matson, Inc.

     211        7,914  
     

 

 

 
Total Marine

 

     16,541  
Media – 1.8%

 

AMC Networks, Inc. Class A*

     866      42,573  

Cable One, Inc.

     14        17,566  

CBS Corp. Class B Non-Voting Shares

     1,078        43,519  

Charter Communications, Inc. Class A*

     163        67,175  

Comcast Corp. Class A

     16,551        746,119  

Discovery, Inc. Class A*(a)

     1,683        44,818  

DISH Network Corp. Class A*

     1,540        52,468  

Emerald Expositions Events, Inc.

     1,120        10,898  

EW Scripps Co. (The) Class A

     249        3,307  

Fox Corp. Class A

     1,294        40,806  

Gannett Co., Inc.

     1,558        16,733  

Gray Television, Inc.*

     569        9,286  

Interpublic Group of Cos., Inc. (The)

     1,790        38,592  

Lee Enterprises, Inc.*

     1,168        2,383  

Liberty Broadband Corp. Class C*

     1,284        134,396  

Liberty Media Corp – Liberty SiriusXM Series C*

     984        41,289  

Loral Space & Communications, Inc.*

     59        2,443  

MSG Networks, Inc. Class A*

     488        7,915  

National CineMedia, Inc.

     963        7,897  

New Media Investment Group, Inc.(a)

     660        5,815  

New York Times Co. (The) Class A

     332        9,455  

Nexstar Media Group, Inc. Class A(a)

     368        37,650  

Omnicom Group, Inc.

     1,250        97,875  

Sirius XM Holdings, Inc.(a)

     10,590        66,240  

TEGNA, Inc.

     670        10,405  
     

 

 

 
Total Media

 

     1,557,623  
Metals & Mining – 0.5%

 

AK Steel Holding Corp.*(a)

     4,334        9,838  

Allegheny Technologies, Inc.*(a)

     767        15,532  

Century Aluminum Co.*

     668        4,432  

Cleveland-Cliffs, Inc.

     4,051        29,248  

Commercial Metals Co.

     1,264        21,968  

Freeport-McMoRan, Inc.

     15,365        147,043  

Newmont Goldcorp Corp.

     751        28,478  

Nucor Corp.

     1,151        58,598  

Reliance Steel & Aluminum Co.

     868        86,505  

Schnitzer Steel Industries, Inc. Class A

     399        8,243  

Steel Dynamics, Inc.

     680        20,264  

United States Steel Corp.(a)

     1,097        12,670  

Warrior Met Coal, Inc.

     732        14,289  
     

 

 

 
Total Metals & Mining

 

     457,108  
Multi-Utilities – 0.9%

 

Ameren Corp.

     740        59,237  

Black Hills Corp.

     215        16,497  

CenterPoint Energy, Inc.

     1,552        46,839  

CMS Energy Corp.

     819        52,375  

Consolidated Edison, Inc.

     1,031        97,398  

Dominion Energy, Inc.

     1,651        133,797  

DTE Energy Co.

     635        84,430  

MDU Resources Group, Inc.

     456        12,855  

NiSource, Inc.

     911        27,257  

NorthWestern Corp.

     255        19,138  

 

See Notes to Financial Statements.

 

WisdomTree Trust      103  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

Public Service Enterprise Group, Inc.

     769      $ 47,739  

Sempra Energy

     470        69,377  

WEC Energy Group, Inc.

     870        82,737  
     

 

 

 
Total Multi-Utilities

 

     749,676  
Multiline Retail – 0.6%

 

Dillard’s, Inc. Class A(a)

     122        8,065  

Dollar General Corp.

     726        115,391  

Dollar Tree, Inc.*

     619        70,665  

Kohl’s Corp.

     597        29,647  

Macy’s, Inc.

     2,768        43,015  

Nordstrom, Inc.(a)

     300        10,101  

Ollie’s Bargain Outlet Holdings, Inc.*(a)

     102        5,981  

Target Corp.

     2,013        215,210  
     

 

 

 
Total Multiline Retail

 

     498,075  
Oil, Gas & Consumable Fuels – 3.9%

 

Apache Corp.

     2,844        72,806  

Arch Coal, Inc. Class A(a)

     195        14,469  

Callon Petroleum Co.*(a)

     1,441        6,254  

Carrizo Oil & Gas, Inc.*(a)

     811        6,962  

Centennial Resource Development, Inc. Class A*

     1,076        4,858  

Cheniere Energy, Inc.*

     437        27,557  

Chesapeake Energy Corp.*(a)

     16,553        23,340  

Chevron Corp.

     6,051        717,649  

Cimarex Energy Co.

     602        28,860  

CNX Resources Corp.*

     504        3,659  

Concho Resources, Inc.

     25        1,698  

ConocoPhillips

     4,441        253,048  

Continental Resources, Inc.*

     1,203        37,040  

CVR Energy, Inc.

     557        24,525  

Delek U.S. Holdings, Inc.

     652        23,668  

Denbury Resources, Inc.*(a)

     4,602        5,476  

EOG Resources, Inc.

     1,503        111,553  

Exxon Mobil Corp.

     12,874        909,033  

Gulfport Energy Corp.*

     4,151        11,249  

HollyFrontier Corp.

     465        24,943  

Kinder Morgan, Inc.

     4,664        96,125  

Magnolia Oil & Gas Corp. Class A*(a)

     388        4,307  

Marathon Oil Corp.

     3,185        39,080  

Marathon Petroleum Corp.

     1,484        90,153  

Matador Resources Co.*(a)

     690        11,406  

Murphy Oil Corp.(a)

     442        9,773  

Noble Energy, Inc.

     2,483        55,768  

Occidental Petroleum Corp.

     3,090        137,412  

ONEOK, Inc.

     328        24,170  

Overseas Shipholding Group, Inc. Class A*

     3,098        5,422  

Parsley Energy, Inc. Class A

     1,554        26,107  

PBF Energy, Inc. Class A

     1,642        44,646  

Peabody Energy Corp.

     1,220        17,958  

Phillips 66

     2,626        268,902  

SM Energy Co.

     653        6,328  

Targa Resources Corp.

     310        12,453  

Valero Energy Corp.

     1,555        132,548  

W&T Offshore, Inc.*

     1,555        6,795  

Williams Cos., Inc. (The)

     1,504      36,186  

World Fuel Services Corp.

     383        15,297  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     3,349,483  
Paper & Forest Products – 0.1%

 

Boise Cascade Co.

     788        25,681  

Clearwater Paper Corp.*

     334        7,054  

PH Glatfelter Co.

     559        8,603  

Verso Corp. Class A*

     138        1,708  
     

 

 

 
Total Paper & Forest Products

 

     43,046  
Personal Products – 0.2%

 

elf Beauty, Inc.*

     875        15,321  

Estee Lauder Cos., Inc. (The) Class A

     671        133,496  

Nu Skin Enterprises, Inc. Class A

     96        4,083  

USANA Health Sciences, Inc.*

     87        5,950  
     

 

 

 
Total Personal Products

 

     158,850  
Pharmaceuticals – 2.6%

 

ANI Pharmaceuticals, Inc.*

     42        3,061  

Bristol-Myers Squibb Co.

     3,742        189,757  

Catalent, Inc.*

     118        5,624  

Corcept Therapeutics, Inc.*

     333        4,707  

Eli Lilly & Co.

     1,248        139,564  

Innoviva, Inc.*

     824        8,685  

Johnson & Johnson

     6,496        840,453  

Merck & Co., Inc.

     4,373        368,119  

Nektar Therapeutics*(a)

     1,350        24,590  

Pfizer, Inc.

     16,340        587,096  

Zoetis, Inc.

     661        82,354  
     

 

 

 
Total Pharmaceuticals

 

     2,254,010  
Professional Services – 0.2%

 

ASGN, Inc.*

     320        20,115  

CoStar Group, Inc.*

     20        11,864  

Exponent, Inc.

     161        11,254  

FTI Consulting, Inc.*

     58        6,147  

GP Strategies Corp.*

     183        2,350  

InnerWorkings, Inc.*

     637        2,822  

Insperity, Inc.

     35        3,452  

Kforce, Inc.

     77        2,913  

ManpowerGroup, Inc.

     650        54,756  

Mistras Group, Inc.*

     155        2,542  

Robert Half International, Inc.

     680        37,849  

TransUnion

     251        20,358  

TriNet Group, Inc.*

     172        10,697  
     

 

 

 
Total Professional Services

 

     187,119  
Real Estate Management & Development – 0.2%

 

CBRE Group, Inc. Class A*

     1,158        61,386  

Five Point Holdings LLC Class A*(a)

     2,023        15,173  

Jones Lang LaSalle, Inc.

     267        37,129  

Kennedy-Wilson Holdings, Inc.

     117        2,565  

Marcus & Millichap, Inc.*

     305        10,824  

Newmark Group, Inc. Class A

     1,629        14,759  

RE/MAX Holdings, Inc. Class A

     76        2,444  

Realogy Holdings Corp.(a)

     952        6,359  

 

See Notes to Financial Statements.

 

104   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

St. Joe Co. (The)*(a)

     333      $ 5,704  
     

 

 

 
Total Real Estate Management & Development

 

     156,343  
Road & Rail – 1.2%

 

AMERCO

     132        51,485  

ArcBest Corp.

     228        6,943  

Covenant Transportation Group, Inc. Class A*

     123        2,022  

CSX Corp.

     1,963        135,977  

Genesee & Wyoming, Inc. Class A*

     669        73,931  

JB Hunt Transport Services, Inc.

     587        64,951  

Kansas City Southern

     714        94,969  

Knight-Swift Transportation Holdings, Inc.(a)

     1,513        54,922  

Landstar System, Inc.

     266        29,946  

Marten Transport Ltd.

     133        2,764  

Norfolk Southern Corp.

     729        130,972  

Old Dominion Freight Line, Inc.

     370        62,889  

Saia, Inc.*

     23        2,155  

Union Pacific Corp.

     2,020        327,200  

Universal Logistics Holdings, Inc.

     124        2,887  

Werner Enterprises, Inc.

     946        33,394  
     

 

 

 
Total Road & Rail

 

     1,077,407  
Semiconductors & Semiconductor Equipment – 5.1%

 

Advanced Micro Devices, Inc.*(a)

     902        26,149  

Analog Devices, Inc.

     1,130        126,255  

Applied Materials, Inc.

     7,708        384,629  

Axcelis Technologies, Inc.*

     179        3,059  

Broadcom, Inc.

     985        271,929  

Brooks Automation, Inc.

     163        6,036  

Cabot Microelectronics Corp.

     64        9,037  

Ceva, Inc.*

     101        3,016  

Cirrus Logic, Inc.*

     535        28,665  

Cohu, Inc.

     135        1,823  

Cypress Semiconductor Corp.

     1,010        23,573  

Diodes, Inc.*

     72        2,891  

Entegris, Inc.

     635        29,883  

First Solar, Inc.*(a)

     421        24,422  

Intel Corp.

     22,337        1,151,026  

KLA Corp.

     590        94,075  

Lam Research Corp.

     1,313        303,447  

Maxim Integrated Products, Inc.

     1,027        59,474  

Microchip Technology, Inc.(a)

     393        36,514  

Micron Technology, Inc.*

     22,837        978,565  

MKS Instruments, Inc.

     102        9,413  

Monolithic Power Systems, Inc.

     66        10,272  

Nanometrics, Inc.*

     78        2,544  

NVIDIA Corp.

     1,736        302,186  

ON Semiconductor Corp.*

     1,043        20,036  

Power Integrations, Inc.

     26        2,351  

Qorvo, Inc.*

     115        8,526  

Rudolph Technologies, Inc.*

     118        3,110  

Silicon Laboratories, Inc.*

     25        2,784  

Skyworks Solutions, Inc.

     514        40,735  

Teradyne, Inc.

     533        30,866  

Texas Instruments, Inc.

     2,936        379,449  

Universal Display Corp.

     15      2,519  

Xilinx, Inc.

     579        55,526  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     4,434,785  
Software – 4.4%

 

ACI Worldwide, Inc.*

     301        9,429  

Adobe, Inc.*

     476        131,495  

ANSYS, Inc.*

     208        46,043  

Aspen Technology, Inc.*

     136        16,739  

Cadence Design Systems, Inc.*

     696        45,992  

Citrix Systems, Inc.

     428        41,310  

Envestnet, Inc.*(a)

     105        5,953  

Fortinet, Inc.*

     106        8,137  

Guidewire Software, Inc.*

     96        10,116  

Intuit, Inc.

     281        74,729  

j2 Global, Inc.(a)

     122        11,080  

LogMeIn, Inc.

     106        7,522  

Microsoft Corp.

     16,489        2,292,466  

Monotype Imaging Holdings, Inc.

     258        5,111  

Oracle Corp.

     12,254        674,338  

Paycom Software, Inc.*

     49        10,265  

Paylocity Holding Corp.*

     34        3,318  

Pegasystems, Inc.

     77        5,240  

Progress Software Corp.

     257        9,781  

PTC, Inc.*

     70        4,773  

Qualys, Inc.*

     105        7,935  

RealPage, Inc.*

     128        8,046  

salesforce.com, Inc.*

     401        59,524  

SPS Commerce, Inc.*

     135        6,354  

SS&C Technologies Holdings, Inc.

     238        12,274  

Symantec Corp.

     2,225        52,577  

Synopsys, Inc.*

     403        55,312  

Teradata Corp.*

     435        13,485  

Verint Systems, Inc.*

     245        10,481  

VMware, Inc. Class A

     942        141,356  
     

 

 

 
Total Software

 

     3,781,181  
Specialty Retail – 2.6%

 

Aaron’s, Inc.

     176        11,310  

Abercrombie & Fitch Co. Class A

     922        14,383  

Advance Auto Parts, Inc.

     185        30,599  

American Eagle Outfitters, Inc.

     550        8,921  

At Home Group, Inc.*(a)

     438        4,214  

AutoZone, Inc.*

     106        114,970  

Bed Bath & Beyond, Inc.

     2,905        30,909  

Best Buy Co., Inc.

     825        56,917  

Boot Barn Holdings, Inc.*

     294        10,261  

Burlington Stores, Inc.*

     220        43,960  

Camping World Holdings, Inc. Class A

     1,563        13,911  

CarMax, Inc.*

     1,111        97,768  

Children’s Place, Inc. (The)(a)

     29        2,233  

Citi Trends, Inc.

     186        3,404  

Conn’s, Inc.*

     301        7,483  

Container Store Group, Inc. (The)*(a)

     486        2,148  

Designer Brands, Inc. Class A

     278        4,759  

 

See Notes to Financial Statements.

 

WisdomTree Trust      105  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

Express, Inc.*

     2,578      $ 8,868  

Five Below, Inc.*

     63        7,944  

Foot Locker, Inc.

     646        27,881  

Gap, Inc. (The)

     885        15,364  

Guess?, Inc.

     778        14,416  

Haverty Furniture Cos., Inc.

     119        2,412  

Hibbett Sports, Inc.*

     541        12,389  

Home Depot, Inc. (The)

     3,579        830,400  

J. Jill, Inc.(a)

     1,330        2,527  

Kirkland’s, Inc.*(a)

     223        343  

L Brands, Inc.

     906        17,749  

Lowe’s Cos., Inc.

     2,146        235,974  

Lumber Liquidators Holdings, Inc.*(a)

     762        7,521  

MarineMax, Inc.*

     332        5,139  

Monro, Inc.

     151        11,930  

Murphy USA, Inc.*

     95        8,103  

National Vision Holdings, Inc.*

     266        6,403  

O’Reilly Automotive, Inc.*

     305        121,546  

Office Depot, Inc.

     959        1,683  

RH*

     116        19,816  

Ross Stores, Inc.

     783        86,013  

Sally Beauty Holdings, Inc.*(a)

     639        9,515  

Shoe Carnival, Inc.

     168        5,445  

Sonic Automotive, Inc. Class A

     1,059        33,263  

Sportsman’s Warehouse Holdings, Inc.*

     507        2,626  

Tailored Brands, Inc.

     1,094        4,814  

Tiffany & Co.(a)

     126        11,671  

Tile Shop Holdings, Inc.

     630        2,010  

Tilly’s, Inc. Class A

     393        3,710  

TJX Cos., Inc. (The)

     3,180        177,253  

Tractor Supply Co.

     503        45,491  

Ulta Salon Cosmetics & Fragrance, Inc.*

     103        25,817  

Williams-Sonoma, Inc.(a)

     194        13,188  

Winmark Corp.

     43        7,585  

Zumiez, Inc.*

     536        16,978  
     

 

 

 
Total Specialty Retail

 

     2,261,937  
Technology Hardware, Storage & Peripherals – 5.7%

 

Apple, Inc.

     19,898        4,456,555  

HP, Inc.

     10,456        197,828  

NetApp, Inc.

     543        28,513  

Western Digital Corp.

     3,545        211,424  

Xerox Holdings Corp.

     250        7,477  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     4,901,797  
Textiles, Apparel & Luxury Goods – 0.6%

 

Columbia Sportswear Co.

     393        38,078  

Crocs, Inc.*

     88        2,443  

Culp, Inc.

     115        1,875  

Deckers Outdoor Corp.*

     198        29,177  

G-III Apparel Group Ltd.*

     638        16,441  

Kontoor Brands, Inc.*(a)

     81        2,843  

Movado Group, Inc.

     74        1,840  

NIKE, Inc. Class B

     3,261        306,273  

PVH Corp.

     148        13,058  

Ralph Lauren Corp.

     37      3,532  

Tapestry, Inc.

     703        18,313  

Unifi, Inc.*

     410        8,987  

Vera Bradley, Inc.*

     377        3,808  

VF Corp.

     609        54,195  

Vince Holding Corp.*

     216        4,102  

Wolverine World Wide, Inc.

     138        3,900  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     508,865  
Thrifts & Mortgage Finance – 0.3%

 

Axos Financial, Inc.*

     653        18,056  

Capitol Federal Financial, Inc.

     1,553        21,400  

First Defiance Financial Corp.

     89        2,578  

LendingTree, Inc.*(a)

     44        13,659  

Luther Burbank Corp.

     373        4,226  

MGIC Investment Corp.

     5,953        74,889  

NMI Holdings, Inc. Class A*

     383        10,058  

OP Bancorp

     259        2,533  

PennyMac Financial Services, Inc.*

     473        14,370  

Provident Financial Services, Inc.

     995        24,407  

Radian Group, Inc.

     716        16,353  

Sterling Bancorp, Inc.

     1,719        16,777  

TFS Financial Corp.

     688        12,398  

TrustCo Bank Corp.

     1,101        8,973  

United Financial Bancorp, Inc.

     240        3,271  

Walker & Dunlop, Inc.

     148        8,278  

WSFS Financial Corp.

     81        3,572  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     255,798  
Tobacco – 0.8%

 

Altria Group, Inc.

     6,911        282,660  

Philip Morris International, Inc.

     5,603        425,436  

Universal Corp.

     77        4,220  

Vector Group Ltd.

     1,363        16,232  
     

 

 

 
Total Tobacco

 

     728,548  
Trading Companies & Distributors – 0.5%

 

Applied Industrial Technologies, Inc.

     118        6,702  

Beacon Roofing Supply, Inc.*

     656        21,996  

BMC Stock Holdings, Inc.*

     1,231        32,228  

CAI International, Inc.*

     481        10,471  

DXP Enterprises, Inc.*

     72        2,500  

Fastenal Co.

     2,046        66,843  

GATX Corp.

     163        12,637  

H&E Equipment Services, Inc.

     643        18,557  

HD Supply Holdings, Inc.*

     849        33,260  

Herc Holdings, Inc.*

     480        22,325  

Kaman Corp.

     45        2,676  

MRC Global, Inc.*

     532        6,453  

NOW, Inc.*(a)

     362        4,152  

SiteOne Landscape Supply, Inc.*(a)

     161        11,917  

Systemax, Inc.

     77        1,695  

Titan Machinery, Inc.*

     148        2,122  

United Rentals, Inc.*

     285        35,522  

Univar Solutions, Inc.*

     1,480        30,725  

Veritiv Corp.*

     83        1,501  

 

See Notes to Financial Statements.

 

106   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Total Market Fund (EXT)

September 30, 2019

 

 

 

Investments    Shares      Value  

W.W. Grainger, Inc.

     214      $ 63,590  

Watsco, Inc.

     17        2,876  

WESCO International, Inc.*

     841        40,174  
     

 

 

 
Total Trading Companies & Distributors

 

     430,922  
Water Utilities – 0.1%

 

American Water Works Co., Inc.

     434        53,916  

Aqua America, Inc.

     372        16,677  
     

 

 

 
Total Water Utilities

 

     70,593  
Wireless Telecommunication Services – 0.2%

 

Spok Holdings, Inc.

     170        2,030  

Sprint Corp.*

     3,978        24,544  

T-Mobile U.S., Inc.*

     1,978        155,807  

Telephone & Data Systems, Inc.

     304        7,843  

United States Cellular Corp.*

     182        6,840  
     

 

 

 
Total Wireless Telecommunication Services

 

     197,064  
Total United States

 

     86,303,420  
Puerto Rico – 0.0%

 

Banks – 0.0%

 

First BanCorp

     1,087        10,848  

OFG Bancorp

     133        2,913  
     

 

 

 
Total Banks

 

     13,761  
IT Services – 0.0%

 

EVERTEC, Inc.

     474        14,798  
Total Puerto Rico

 

     28,559  

TOTAL COMMON STOCKS

(Cost: $75,262,082)

 

 

     86,331,979  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8%

 

United States – 0.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(b)

     
(Cost: $719,544)(c)      719,544        719,544  

TOTAL INVESTMENTS IN SECURITIES – 100.7%

(Cost: $75,981,626)

 

 

     87,051,523  

Other Assets less Liabilities – (0.7)%

 

     (632,433
     

 

 

 
NET ASSETS – 100.0%

 

   $ 86,419,090  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(c) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,112,131 and the total market value of the collateral held by the Fund was $1,149,203. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $429,659.

 

See Notes to Financial Statements.

 

WisdomTree Trust      107  


Table of Contents

Statements of Assets and Liabilities (unaudited)

WisdomTree Trust

September 30, 2019

 

 

 

      WisdomTree
U.S. Dividend
ex-Financials
Fund
     WisdomTree
U.S. High
Dividend Fund
     WisdomTree
U.S. LargeCap
Dividend Fund
     WisdomTree
U.S. LargeCap
Fund
     WisdomTree
U.S. MidCap
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 768,853,249      $ 895,423,632      $ 1,750,631,863      $ 254,194,861      $ 3,900,570,888  

Investment in affiliates, at cost (Note 3)

     1,227,585        2,127,929        2,801,777        344,360        11,775,415  

Investments in securities, at value1,2 (Note 2)

     840,887,479        950,190,599        2,194,517,273        296,931,199        4,324,722,272  

Investment in affiliates, at value (Note 3)

     1,318,331        2,196,641        2,837,377        382,432        12,771,510  

Cash

     380,821        748,392        752,474        90,599        2,704,572  

Receivables:

 

Investment securities sold

            33,375,892        4,948,659        3,353,877         

Capital shares sold

                          5,027,533         

Dividends

     1,668,177        2,056,399        2,821,170        233,571        7,647,665  

Securities lending income

     3,653        4,626        2,528        174        66,395  

Total Assets

     844,258,461        988,572,549        2,205,879,481        306,019,385        4,347,912,414  

LIABILITIES:

 

Payables:

              

Cash collateral received for securities loaned (Note 2)

     44,412,456        24,106,019        16,230,653        995,516        406,883,081  

Investment securities purchased

                                 382,931  

Capital shares redeemed

            33,434,948        4,952,815        8,379,222         

Advisory fees (Note 3)

     246,985        296,414        496,553        19,109        1,210,266  

Service fees (Note 2)

     2,867        3,440        7,813        1,055        14,056  

Total Liabilities

     44,662,308        57,840,821        21,687,834        9,394,902        408,490,334  

NET ASSETS

   $ 799,596,153      $ 930,731,728      $ 2,184,191,647      $ 296,624,483      $ 3,939,422,080  

NET ASSETS:

              

Paid-in capital

   $ 763,504,185      $ 898,677,320      $ 1,764,773,575      $ 254,662,116      $ 3,618,046,220  

Total distributable earnings (loss)

     36,091,968        32,054,408        419,418,072        41,962,367        321,375,860  

NET ASSETS

   $ 799,596,153      $ 930,731,728      $ 2,184,191,647      $ 296,624,483      $ 3,939,422,080  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     9,150,000        12,500,000        22,050,000        8,850,000        108,550,000  

Net asset value per share

   $ 87.39      $ 74.46      $ 99.06      $ 33.52      $ 36.29  

1 Includes market value of securities out on loan of:

   $ 63,506,189      $ 35,789,805      $ 32,733,086      $ 1,472,480      $ 773,309,450  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

 

See Notes to Financial Statements.

 

108   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

September 30, 2019

 

 

 

      WisdomTree
U.S. MidCap
Fund
     WisdomTree
U.S. Multifactor
Fund
     WisdomTree
U.S. Quality
Dividend
Growth Fund
     WisdomTree
U.S. Quality
Shareholder
Yield Fund
     WisdomTree
U.S. SmallCap
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 1,069,211,840      $ 114,861,444      $ 2,424,954,769      $ 39,656,348      $ 2,250,370,697  

Investment in affiliates, at cost (Note 3)

     1,466,819                             5,882,715  

Investments in securities, at value1,2 (Note 2)

     1,209,235,913        118,817,398        2,895,084,812        43,684,140        2,315,964,284  

Investment in affiliates, at value (Note 3)

     1,615,286                             6,064,714  

Cash

     284,873        41,296        1,788,774        17,309        2,658,331  

Receivables:

 

Investment securities sold

                                 1,960,223  

Dividends

     1,288,838        119,639        2,187,725        54,907        4,403,992  

Securities lending income

     21,520        192        3,168        40        123,988  

Total Assets

     1,212,446,430        118,978,525        2,899,064,479        43,756,396        2,331,175,532  

LIABILITIES:

 

Payables:

              

Cash collateral received for securities loaned (Note 2)

     89,208,484        581,842        6,595,506        56,390        237,902,355  

Investment securities purchased

     213,383                             3,893,566  

Advisory fees (Note 3)

     346,976        26,364        651,356        13,578        642,917  

Service fees (Note 2)

     4,032        415        10,235        157        7,467  

Total Liabilities

     89,772,875        608,621        7,257,097        70,125        242,446,305  

NET ASSETS

   $ 1,122,673,555      $ 118,369,904      $ 2,891,807,382      $ 43,686,271      $ 2,088,729,227  

NET ASSETS:

              

Paid-in capital

   $ 1,087,114,157      $ 123,233,159      $ 2,450,452,476      $ 41,884,145      $ 2,191,671,385  

Total distributable earnings (loss)

     35,559,398        (4,863,255      441,354,906        1,802,126        (102,942,158

NET ASSETS

   $ 1,122,673,555      $ 118,369,904      $ 2,891,807,382      $ 43,686,271      $ 2,088,729,227  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     28,450,000        3,900,000        64,100,000        500,000        76,350,000  

Net asset value per share

   $ 39.46      $ 30.35      $ 45.11      $ 87.37      $ 27.36  

1 Includes market value of securities out on loan of:

   $ 157,545,229      $ 1,062,871      $ 20,611,969      $ 811,763      $ 341,456,638  

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      109  


Table of Contents

Statements of Assets and Liabilities (unaudited) (concluded)

WisdomTree Trust

September 30, 2019

 

 

 

      WisdomTree
U.S. SmallCap
Fund
     WisdomTree
U.S. SmallCap
Quality Dividend
Growth Fund
     WisdomTree
U.S. Total
Dividend Fund
     WisdomTree
U.S. Total
Market Fund
 

ASSETS:

           

Investments, at cost

   $ 784,548,900      $ 113,862,634      $ 557,813,731      $ 75,981,626  

Investment in affiliates, at cost (Note 3)

                   1,105,262         

Investments in securities, at value1,2 (Note 2)

     834,633,555        125,249,374        721,361,074        87,051,523  

Investment in affiliates, at value (Note 3)

                   1,118,361         

Cash

     734,048        146,265        294,288        36,490  

Receivables:

 

Investment securities sold3

     8,699,958        225,029                

Dividends

     580,140        100,826        1,036,232        70,630  

Securities lending income

     58,923        1,462        1,891        326  

Total Assets

     844,706,624        125,722,956        723,811,846        87,158,969  

LIABILITIES:

 

Payables:

           

Cash collateral received for securities loaned (Note 2)

     40,777,297        4,506,158        5,353,571        719,544  

Investment securities purchased

     5,052,578        309,804        19,158         

Capital shares redeemed

     3,565,305                       

Advisory fees (Note 3)

     243,868        36,856        162,503        20,020  

Service fees (Note 2)

     2,835        427        2,557        315  

Total Liabilities

     49,641,883        4,853,245        5,537,789        739,879  

NET ASSETS

   $ 795,064,741      $ 120,869,711      $ 718,274,057      $ 86,419,090  

NET ASSETS:

           

Paid-in capital

   $ 810,344,264      $ 129,577,225      $ 562,393,836      $ 70,127,334  

Total distributable earnings (loss)

     (15,279,523      (8,707,514      155,880,221        16,291,756  

NET ASSETS

   $ 795,064,741      $ 120,869,711      $ 718,274,057      $ 86,419,090  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     22,300,000        3,400,000        7,250,000        2,550,000  

Net asset value per share

   $ 35.65      $ 35.55      $ 99.07      $ 33.89  

1 Includes market value of securities out on loan of:

   $ 78,113,255      $ 5,819,500      $ 8,321,940      $ 1,112,131  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

   $ 19,720                       

 

See Notes to Financial Statements.

 

110   WisdomTree Trust


Table of Contents

Statements of Operations (unaudited)

WisdomTree Trust

For the Six Months Ended September 30, 2019

 

 

 

      WisdomTree
U.S. Dividend
ex-Financials
Fund
     WisdomTree
U.S. High
Dividend Fund
     WisdomTree
U.S. LargeCap
Dividend Fund
     WisdomTree
U.S. LargeCap
Fund
     WisdomTree
U.S. MidCap
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 15,863,782      $ 20,296,478      $ 31,616,282      $ 2,928,630      $ 62,675,910  

Dividends from affiliates (Note 3)

     53,220        57,537        55,483        18,382        192,404  

Non-cash dividends

                                 382,931  

Securities lending income (Note 2)

     5,485        39,745        48,148        2,104        585,405  

Total investment income

     15,922,487        20,393,760        31,719,913        2,949,116        63,836,650  

EXPENSES:

              

Advisory fees (Note 3)

     1,490,868        1,812,977        2,927,608        107,799        7,289,639  

Service fees (Note 2)

     17,262        20,993        46,005        5,928        84,406  

Total expenses

     1,508,130        1,833,970        2,973,613        113,727        7,374,045  

Expense waivers (Note 3)

     (6,311      (6,275      (4,666      (309      (21,721

Net expenses

     1,501,819        1,827,695        2,968,947        113,418        7,352,324  

Net investment income

     14,420,668        18,566,065        28,750,966        2,835,698        56,484,326  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (177      (2,004,015      1,630,979        79,525        7,355,654  

Investment transactions in affiliates (Note 3)

     123,394        639,904        306,616        57,899        888,262  

In-kind redemptions

     5,175,429        11,798,302        11,208,810        4,072,457        7,633,194  

Net realized gain

     5,298,646        10,434,191        13,146,405        4,209,881        15,877,110  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     12,195,270        14,785,933        93,550,964        9,143,163        37,994,232  

Investment transactions in affiliates (Note 3)

     (135,486      (500,957      (233,605      (14,789      (596,643

Net increase in unrealized appreciation/depreciation

     12,059,784        14,284,976        93,317,359        9,128,374        37,397,589  

Net realized and unrealized gain on investments

     17,358,430        24,719,167        106,463,764        13,338,255        53,274,699  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 31,779,098      $ 43,285,232      $ 135,214,730      $ 16,173,953      $ 109,759,025  

1 Net of foreign withholding tax of:

                               $ 3,962  

 

See Notes to Financial Statements.

 

WisdomTree Trust      111  


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended September 30, 2019

 

 

 

      WisdomTree
U.S. MidCap
Fund
     WisdomTree
U.S. Multifactor
Fund
     WisdomTree
U.S. Quality
Dividend
Growth Fund
     WisdomTree
U.S. Quality
Shareholder
Yield Fund
     WisdomTree
U.S. SmallCap
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 10,946,177      $ 1,034,730      $ 37,001,176      $ 438,794      $ 41,441,861  

Dividends from affiliates (Note 3)

     68,851        1,743                      60,417  

Non-cash dividends

     213,383                              

Securities lending income (Note 2)

     52,650        3,592        116,751        72        563,174  

Total investment income

     11,281,061        1,040,065        37,117,927        438,866        42,065,452  

EXPENSES:

              

Advisory fees (Note 3)

     2,136,018        153,713        3,840,014        75,679        3,952,186  

Service fees (Note 2)

     24,733        2,415        60,343        876        45,762  

Total expenses

     2,160,751        156,128        3,900,357        76,555        3,997,948  

Expense waivers (Note 3)

     (7,915      (83                    (8,479

Net expenses

     2,152,836        156,045        3,900,357        76,555        3,989,469  

Net investment income

     9,128,225        884,020        33,217,570        362,311        38,075,983  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     1,787,326        (1,011,574      (1,461,884      (691,494      (68,292,724

Investment transactions in affiliates (Note 3)

     95,874        (180                    1,311,038  

In-kind redemptions

     6,571,503        3,822,755        65,181,822        1,027,770        11,422,864  

Net realized gain (loss)

     8,454,703        2,811,001        63,719,938        336,276        (55,558,822

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     (5,248,149      1,372,234        67,753,314        938,793        37,980,077  

Investment transactions in affiliates (Note 3)

     (35,475                           (785,391

Net increase (decrease) in unrealized appreciation/depreciation

     (5,283,624      1,372,234        67,753,314        938,793        37,194,686  

Net realized and unrealized gain (loss) on investments

     3,171,079        4,183,235        131,473,252        1,275,069        (18,364,136

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 12,299,304      $ 5,067,255      $ 164,690,822      $ 1,637,380      $ 19,711,847  

1 Net of foreign withholding tax of:

   $ 3,432                           $ 521  

 

See Notes to Financial Statements.

 

112   WisdomTree Trust


Table of Contents

Statements of Operations (unaudited) (concluded)

WisdomTree Trust

For the Six Months Ended September 30, 2019

 

 

 

      WisdomTree
U.S. SmallCap
Fund
     WisdomTree
U.S. SmallCap
Quality Dividend
Growth Fund
     WisdomTree
U.S. Total
Dividend Fund
     WisdomTree
U.S. Total
Market Fund
 

INVESTMENT INCOME:

           

Dividends1

   $ 7,037,871      $ 1,677,561      $ 10,616,696      $ 1,052,708  

Dividends from affiliates (Note 3)

     34,075               15,520         

Non-cash dividends

                   19,158         

Securities lending income (Note 2)

     331,349        7,423        22,103        2,331  

Total investment income

     7,403,295        1,684,984        10,673,477        1,055,039  

EXPENSES:

           

Advisory fees (Note 3)

     1,460,177        222,743        952,819        137,186  

Service fees (Note 2)

     16,908        2,579        14,973        2,156  

Total expenses

     1,477,085        225,322        967,792        139,342  

Expense waivers (Note 3)

     (2,857             (1,708       

Net expenses

     1,474,228        225,322        966,084        139,342  

Net investment income

     5,929,067        1,459,662        9,707,393        915,697  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

           

Net realized gain (loss) from:

           

Investment transactions

     2,436,605        (868,487      134,893        (103,047

Investment transactions in affiliates (Note 3)

     68,607               90,780         

In-kind redemptions

     5,828,283        666,193        5,824,715        9,871,731  

Net realized gain (loss)

     8,333,495        (202,294      6,050,388        9,768,684  

Net increase (decrease) in unrealized appreciation/depreciation:

           

Investment transactions

     (18,433,696      3,026,914        25,456,684        (5,758,028

Investment transactions in affiliates (Note 3)

     2,199               (52,609       

Net increase (decrease) in unrealized appreciation/depreciation

     (18,431,497      3,026,914        25,404,075        (5,758,028

Net realized and unrealized gain (loss) on investments

     (10,098,002      2,824,620        31,454,463        4,010,656  

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ (4,168,935    $ 4,284,282      $ 41,161,856      $ 4,926,353  

1 Net of foreign withholding tax of:

   $ 1,683                    $ 32  

 

See Notes to Financial Statements.

 

WisdomTree Trust      113  


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

    

WisdomTree

U.S. Dividend ex-Financials Fund

   

WisdomTree

U.S. High Dividend Fund

   

WisdomTree

U.S. LargeCap Dividend Fund

 
     For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 14,420,668     $ 28,459,541     $ 18,566,065     $ 33,702,169     $ 28,750,966     $ 54,897,223  

Net realized gain (loss) on investments

    5,298,646       (9,263,640     10,434,191       18,061,856       13,146,405       52,140,960  

Net increase in unrealized appreciation/depreciation on investments

    12,059,784       17,633,990       14,284,976       40,659,909       93,317,359       78,059,509  

Net increase in net assets resulting from operations

    31,779,098       36,829,891       43,285,232       92,423,934       135,214,730       185,097,692  

DISTRIBUTIONS TO SHAREHOLDERS:

           

Distributable earnings

    (14,721,250     (27,973,156     (18,262,250     (32,229,868     (28,774,000     (53,410,696

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    17,140,809       97,756,088       14,531,640       166,962,552       76,626,296       234,835,743  

Cost of shares redeemed

    (25,671,372     (126,053,661     (62,098,592     (309,176,101     (33,840,728     (265,109,065

Net increase (decrease) in net assets resulting from capital share transactions

    (8,530,563     (28,297,573     (47,566,952     (142,213,549     42,785,568       (30,273,322

Net Increase (Decrease) in Net Assets

    8,527,285       (19,440,838     (22,543,970     (82,019,483     149,226,298       101,413,674  

NET ASSETS:

           

Beginning of period

  $ 791,068,868     $ 810,509,706     $ 953,275,698     $ 1,035,295,181     $ 2,034,965,349     $ 1,933,551,675  

End of period

  $ 799,596,153     $ 791,068,868     $ 930,731,728     $ 953,275,698     $ 2,184,191,647     $ 2,034,965,349  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    9,250,000       9,600,000       13,150,000       15,200,000       21,600,000       21,850,000  

Shares created

    200,000       1,250,000       200,000       2,500,000       800,000       2,750,000  

Shares redeemed

    (300,000     (1,600,000     (850,000     (4,550,000     (350,000     (3,000,000

Shares outstanding, end of period

    9,150,000       9,250,000       12,500,000       13,150,000       22,050,000       21,600,000  

 

See Notes to Financial Statements.

 

114   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree

U.S. LargeCap Fund

   

WisdomTree

U.S. MidCap Dividend Fund

   

WisdomTree

U.S. MidCap Fund

 
     For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 2,835,698     $ 4,105,179     $ 56,484,326     $ 77,627,387     $ 9,128,225     $ 14,693,427  

Net realized gain (loss) on investments

    4,209,881       7,825,960       15,877,110       (303,975     8,454,703       (45,427,404

Net increase (decrease) in unrealized appreciation/depreciation on investments

    9,128,374       1,152,048       37,397,589       148,961,939       (5,283,624     55,470,241  

Net increase in net assets resulting from operations

    16,173,953       13,083,187       109,759,025       226,285,351       12,299,304       24,736,264  

DISTRIBUTIONS TO SHAREHOLDERS:

           

Distributable earnings

    (2,830,250     (4,134,218     (53,760,250     (73,682,291     (8,717,500     (15,362,214

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    59,683,835       84,643,974       183,219,528       840,413,736       45,957,197       223,804,927  

Cost of shares redeemed

    (16,254,209     (38,554,537     (33,478,910     (323,811,148     (25,176,882     (170,031,971

Net increase in net assets resulting from capital share transactions

    43,429,626       46,089,437       149,740,618       516,602,588       20,780,315       53,772,956  

Net Increase in Net Assets

    56,773,329       55,038,406       205,739,393       669,205,648       24,362,119       63,147,006  

NET ASSETS:

           

Beginning of period

  $ 239,851,154     $ 184,812,748     $ 3,733,682,687     $ 3,064,477,039     $ 1,098,311,436     $ 1,035,164,430  

End of period

  $ 296,624,483     $ 239,851,154     $ 3,939,422,080     $ 3,733,682,687     $ 1,122,673,555     $ 1,098,311,436  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    7,550,000       6,100,000       104,400,000       89,850,000       27,950,000       26,800,000  

Shares created

    1,800,000       2,800,000       5,100,000       24,500,000       1,150,000       6,000,000  

Shares redeemed

    (500,000     (1,350,000     (950,000     (9,950,000     (650,000     (4,850,000

Shares outstanding, end of period

    8,850,000       7,550,000       108,550,000       104,400,000       28,450,000       27,950,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      115  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree

U.S. Multifactor Fund

   

WisdomTree

U.S. Quality Dividend Growth Fund

   

WisdomTree

U.S. Quality Shareholder Yield Fund

 
     For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 884,020     $ 959,562     $ 33,217,570     $ 54,709,740     $ 362,311     $ 667,735  

Net realized gain (loss) on investments

    2,811,001       (11,426,428     63,719,938       (52,868,008     336,276       (461,016

Net increase in unrealized appreciation/depreciation on investments

    1,372,234       2,506,832       67,753,314       211,580,499       938,793       2,272,056  

Net increase (decrease) in net assets resulting from operations

    5,067,255       (7,960,034     164,690,822       213,422,231       1,637,380       2,478,775  

DISTRIBUTIONS TO SHAREHOLDERS:

           

Distributable earnings

    (881,500     (905,199     (34,221,250     (54,505,786     (345,000     (676,737

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    40,618,800       204,488,667       221,384,993       813,059,228       8,422,190       7,819,793  

Cost of shares redeemed

    (40,915,306     (86,725,156     (240,408,559     (255,919,617     (4,141,226     (15,975,374

Net increase (decrease) in net assets resulting from capital share transactions

    (296,506     117,763,511       (19,023,566     557,139,611       4,280,964       (8,155,581

Net Increase (Decrease) in Net Assets

    3,889,249       108,898,278       111,446,006       716,056,056       5,573,344       (6,353,543

NET ASSETS:

           

Beginning of period

  $ 114,480,655     $ 5,582,377     $ 2,780,361,376     $ 2,064,305,320     $ 38,112,927     $ 44,466,470  

End of period

  $ 118,369,904     $ 114,480,655     $ 2,891,807,382     $ 2,780,361,376     $ 43,686,271     $ 38,112,927  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    3,950,000       200,000       64,600,000       51,200,000       450,000       550,000  

Shares created

    1,350,000       6,900,000       5,050,000       20,200,000       100,000       100,000  

Shares redeemed

    (1,400,000     (3,150,000     (5,550,000     (6,800,000     (50,000     (200,000

Shares outstanding, end of period

    3,900,000       3,950,000       64,100,000       64,600,000       500,000       450,000  

 

See Notes to Financial Statements.

 

116   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree

U.S. SmallCap Dividend Fund

   

WisdomTree

U.S. SmallCap Fund

   

WisdomTree

U.S. SmallCap Quality Dividend Growth Fund

 
     For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 38,075,983     $ 60,197,738     $ 5,929,067     $ 10,917,123     $ 1,459,662     $ 2,754,660  

Net realized gain (loss) on investments

    (55,558,822     (25,799,382     8,333,495       (20,905,486     (202,294     (6,993,104

Net increase (decrease) in unrealized appreciation/depreciation on investments

    37,194,686       19,992,593       (18,431,497     17,632,066       3,026,914       7,710,228  

Net increase (decrease) in net assets resulting from operations

    19,711,847       54,390,949       (4,168,935     7,643,703       4,284,282       3,471,784  

DISTRIBUTIONS TO SHAREHOLDERS:

           

Distributable earnings

    (36,563,750     (57,474,162     (5,828,000     (10,921,376     (1,411,250     (2,704,131

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    70,270,956       224,869,870       91,565,752       235,765,480       1,809,026       53,170,662  

Cost of shares redeemed

    (52,394,865     (99,358,936     (22,601,897     (85,389,190     (3,511,666     (35,299,166

Net increase (decrease) in net assets resulting from capital share transactions

    17,876,091       125,510,934       68,963,855       150,376,290       (1,702,640     17,871,496  

Net Increase in Net Assets

    1,024,188       122,427,721       58,966,920       147,098,617       1,170,392       18,639,149  

NET ASSETS:

           

Beginning of period

  $ 2,087,705,039     $ 1,965,277,318     $ 736,097,821     $ 588,999,204     $ 119,699,319     $ 101,060,170  

End of period

  $ 2,088,729,227     $ 2,087,705,039     $ 795,064,741     $ 736,097,821     $ 120,869,711     $ 119,699,319  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    75,800,000       71,650,000       20,400,000       16,500,000       3,450,000       2,950,000  

Shares created

    2,550,000       7,800,000       2,550,000       6,500,000       50,000       1,600,000  

Shares redeemed

    (2,000,000     (3,650,000     (650,000     (2,600,000     (100,000     (1,100,000

Shares outstanding, end of period

    76,350,000       75,800,000       22,300,000       20,400,000       3,400,000       3,450,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      117  


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     

WisdomTree

U.S. Total Dividend Fund

    

WisdomTree

U.S. Total Market Fund

 
      For the
Six Months Ended
September 30, 2019
(unaudited)
     For the
Year Ended
March 31, 2019
     For the
Six Months Ended
September 30, 2019
(unaudited)
     For the
Year Ended
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

        

Net investment income

   $ 9,707,393      $ 16,841,431      $ 915,697      $ 1,492,840  

Net realized gain (loss) on investments

     6,050,388        6,393,021        9,768,684        (1,032,702

Net increase (decrease) in unrealized appreciation/depreciation on investments

     25,404,075        29,242,553        (5,758,028      4,233,368  

Net increase in net assets resulting from operations

     41,161,856        52,477,005        4,926,353        4,693,506  

DISTRIBUTIONS TO SHAREHOLDERS:

           

Distributable earnings

     (9,459,250      (16,303,635      (872,000      (1,733,962

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

     52,683,254        76,547,498        1,582,684        51,103,813  

Cost of shares redeemed

     (14,214,912      (43,849,267      (32,243,023      (10,984,580

Net increase (decrease) in net assets resulting from capital share transactions

     38,468,342        32,698,231        (30,660,339      40,119,233  

Net Increase (Decrease) in Net Assets

     70,170,948        68,871,601        (26,605,986      43,078,777  

NET ASSETS:

           

Beginning of period

   $ 648,103,109      $ 579,231,508      $ 113,025,076      $ 69,946,299  

End of period

   $ 718,274,057      $ 648,103,109      $ 86,419,090      $ 113,025,076  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

     6,850,000        6,500,000        3,500,000        2,250,000  

Shares created

     550,000        850,000        50,000        1,600,000  

Shares redeemed

     (150,000      (500,000      (1,000,000      (350,000

Shares outstanding, end of period

     7,250,000        6,850,000        2,550,000        3,500,000  

 

See Notes to Financial Statements.

 

118   WisdomTree Trust


Table of Contents

Financial Highlights

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Dividend
ex-Financials Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 85.52     $ 84.43     $ 82.50     $ 75.41     $ 75.82     $ 70.27  

Investment operations:

 

Net investment income1

    1.57       3.06       2.73       2.52       2.46       2.47  

Net realized and unrealized gain (loss)

    1.90       1.05       1.96       7.31       (0.38     5.38  

Total from investment operations

    3.47       4.11       4.69       9.83       2.08       7.85  

Dividends and distributions to shareholders:

 

Net investment income

    (1.60     (2.96     (2.76     (2.69     (2.49     (2.30

Capital gains

          (0.06                        

Tax return of capital

                      (0.05            

Total dividends and distributions to shareholders

    (1.60     (3.02     (2.76     (2.74     (2.49     (2.30

Net asset value, end of period

  $ 87.39     $ 85.52     $ 84.43     $ 82.50     $ 75.41     $ 75.82  

TOTAL RETURN2

    4.14     4.99     5.71     13.27     2.96     11.27

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 799,596     $ 791,069     $ 810,510     $ 903,352     $ 916,193     $ 1,250,987  

Ratios to average net assets3 of:

 

Expenses4

    0.38 %5      0.38     0.38     0.38     0.38     0.39 %6 

Net investment income

    3.68 %5      3.57     3.22     3.21     3.39     3.34

Portfolio turnover rate7

    2     32     34     33     32     32

 

             
WisdomTree U.S. High Dividend Fund   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 72.49     $ 68.11     $ 68.48     $ 63.29     $ 60.74     $ 56.57  

Investment operations:

 

Net investment income1

    1.41       2.49       2.21       2.10       2.10       1.95  

Net realized and unrealized gain (loss)

    1.95       4.28       (0.34     5.39       2.50       4.03  

Total from investment operations

    3.36       6.77       1.87       7.49       4.60       5.98  

Dividends to shareholders:

 

Net investment income

    (1.39     (2.39     (2.24     (2.30     (2.05     (1.81

Net asset value, end of period

  $ 74.46     $ 72.49     $ 68.11     $ 68.48     $ 63.29     $ 60.74  

TOTAL RETURN2

    4.72     10.15     2.69     12.02     7.88     10.64

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 930,732     $ 953,276     $ 1,035,295     $ 1,263,368     $ 1,025,362     $ 1,059,849  

Ratios to average net assets3 of:

 

Expenses4

    0.38 %5      0.38     0.38 %8      0.38 %8      0.38 %8      0.39 %9 

Net investment income

    3.89 %5      3.55     3.17     3.17     3.53     3.25

Portfolio turnover rate7

    4     20     17     23     20     27
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

5 

Annualized.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

8 

Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

9 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.38%.

 

See Notes to Financial Statements.

 

WisdomTree Trust      119  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree U.S. LargeCap Dividend
Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 94.21     $ 88.49     $ 82.92     $ 73.42     $ 73.27     $ 67.60  

Investment operations:

 

Net investment income1

    1.33       2.54       2.22       2.04       2.01       1.86  

Net realized and unrealized gain

    4.85       5.66       5.57       9.63       0.13       5.59  

Total from investment operations

    6.18       8.20       7.79       11.67       2.14       7.45  

Dividends to shareholders:

 

Net investment income

    (1.33     (2.48     (2.22     (2.17     (1.99     (1.78

Net asset value, end of period

  $ 99.06     $ 94.21     $ 88.49     $ 82.92     $ 73.42     $ 73.27  

TOTAL RETURN2

    6.61     9.44     9.44     16.13     3.04     11.08

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 2,184,192     $ 2,034,965     $ 1,933,552     $ 1,940,332     $ 1,725,259     $ 2,106,618  

Ratios to average net assets3 of:

 

Expenses4

    0.28 %5      0.28     0.28     0.28     0.28     0.29 %6 

Net investment income

    2.75 %5      2.79     2.54     2.63     2.81     2.59

Portfolio turnover rate7

    1     11     10     11     11     12

 

             
WisdomTree U.S. LargeCap Fund   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 20188
    For the
Year Ended
March 31, 20178
    For the
Year Ended
March 31, 20168
    For the
Year Ended
March 31, 20158
 

Net asset value, beginning of period

  $ 31.77     $ 30.30     $ 27.14     $ 23.22     $ 23.83     $ 21.80  

Investment operations:

 

Net investment income1

    0.34       0.60       0.53       0.48       0.49       0.45  

Net realized and unrealized gain (loss)

    1.75       1.46       3.11       3.95       (0.60     2.00  

Total from investment operations

    2.09       2.06       3.64       4.43       (0.11     2.45  

Dividends to shareholders:

 

Net investment income

    (0.34     (0.59     (0.48     (0.51     (0.50     (0.42

Net asset value, end of period

  $ 33.52     $ 31.77     $ 30.30     $ 27.14     $ 23.22     $ 23.83  

TOTAL RETURN2

    6.58     6.93     13.49     19.31     (0.45 )%      11.28

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 296,624     $ 239,851     $ 184,813     $ 130,254     $ 118,412     $ 139,386  

Ratios to average net assets3 of:

 

Expenses

    0.08 %4,5      0.28 %4      0.28 %4      0.28     0.28 %4      0.29 %4,6 

Net investment income

    2.10 %5      1.94     1.80     1.94     2.11     1.93

Portfolio turnover rate7

    1     14     17     19     18     16
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

5 

Annualized.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

8 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

See Notes to Financial Statements.

 

120   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. MidCap
Dividend Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 20181
    For the
Year Ended
March 31, 20171
    For the
Year Ended
March 31, 20161
    For the
Year Ended
March 31, 20151
 

Net asset value, beginning of period

  $ 35.76     $ 34.11     $ 32.50     $ 28.69     $ 28.68     $ 25.66  

Investment operations:

 

Net investment income2

    0.53       0.82       0.76       0.78       0.71       0.72  

Net realized and unrealized gain

    0.50       1.61       1.59       3.89       0.08       2.95  

Total from investment operations

    1.03       2.43       2.35       4.67       0.79       3.67  

Dividends and distributions to shareholders:

 

Net investment income

    (0.50     (0.78     (0.74     (0.86     (0.68     (0.65

Capital gains

                            (0.10      

Total dividends and distributions to shareholders

    (0.50     (0.78     (0.74     (0.86     (0.78     (0.65

Net asset value, end of period

  $ 36.29     $ 35.76     $ 34.11     $ 32.50     $ 28.69     $ 28.68  

TOTAL RETURN3

    2.93     7.21     7.30     16.52     2.98     14.46

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 3,939,422     $ 3,733,683     $ 3,064,477     $ 2,822,559     $ 1,609,484     $ 1,595,896  

Ratios to average net assets4 of:

 

Expenses5

    0.38 %6      0.38     0.38 %7      0.38 %7      0.38     0.39 %8 

Net investment income

    2.94 %6      2.34     2.26     2.56     2.60     2.65

Portfolio turnover rate9

    2     27     27     33     32     30

 

             
WisdomTree U.S. MidCap Fund   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 201710
    For the
Year Ended
March 31, 201610
    For the
Year Ended
March 31, 201510
 

Net asset value, beginning of period

  $ 39.30     $ 38.63     $ 35.25     $ 30.07     $ 32.14     $ 29.58  

Investment operations:

 

Net investment income2

    0.32       0.53       0.47       0.50       0.40       0.42  

Net realized and unrealized gain (loss)

    0.15       0.68       3.32       5.25       (2.10     2.52  

Total from investment operations

    0.47       1.21       3.79       5.75       (1.70     2.94  

Dividends and distributions to shareholders:

 

Net investment income

    (0.31     (0.54     (0.41     (0.54     (0.37     (0.38

Tax return of capital

                      (0.03            

Total dividends and distributions to shareholders

    (0.31     (0.54     (0.41     (0.57     (0.37     (0.38

Net asset value, end of period

  $ 39.46     $ 39.30     $ 38.63     $ 35.25     $ 30.07     $ 32.14  

TOTAL RETURN3

    1.19     3.22     10.77 %11      19.31     (5.29 )%      9.99

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 1,122,674     $ 1,098,311     $ 1,035,164     $ 794,832     $ 662,944     $ 737,532  

Ratios to average net assets4 of:

 

Expenses5

    0.38 %6      0.38     0.38     0.38     0.38     0.39 %12 

Net investment income

    1.62 %6      1.34     1.25     1.54     1.32     1.37

Portfolio turnover rate9

    1     36     45     42     40     36
1 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Annualized.

 

7 

Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

8 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.38%.

 

9 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

10 

Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017.

 

11 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

12 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

See Notes to Financial Statements.

 

WisdomTree Trust      121  


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. Multifactor Fund   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the Period
June 29, 2017*
through
March 31, 2018
 

Net asset value, beginning of period

  $ 28.98     $ 27.91     $ 24.75  

Investment operations:

     

Net investment income1

    0.24       0.47       0.34  

Net realized and unrealized gain

    1.38       0.97       3.09  

Total from investment operations

    1.62       1.44       3.43  

Dividends to shareholders:

     

Net investment income

    (0.25     (0.37     (0.27

Net asset value, end of period

  $ 30.35     $ 28.98     $ 27.91  

TOTAL RETURN2

    5.58     5.25     13.90

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

  $ 118,370     $ 114,481     $ 5,582  

Ratios to average net assets of:

     

Expenses

    0.28 %3,4      0.28 %4,5      0.28 %3 

Net investment income

    1.61 %3      1.65 %5      1.66 %3 

Portfolio turnover rate6

    82     179     143

 

             
WisdomTree U.S. Quality
Dividend Growth Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 43.04     $ 40.32     $ 35.45     $ 31.25     $ 31.23     $ 27.95  

Investment operations:

 

Net investment income1

    0.53       0.97       0.78       0.73       0.70       0.66  

Net realized and unrealized gain (loss)

    2.09       2.71       4.84       4.20       (0.02     3.21  

Total from investment operations

    2.62       3.68       5.62       4.93       0.68       3.87  

Dividends and distributions to shareholders:

 

Net investment income

    (0.55     (0.93     (0.75     (0.73     (0.66     (0.59

Capital gains

          (0.03                       (0.00 )7 

Total dividends and distributions to shareholders

    (0.55     (0.96     (0.75     (0.73     (0.66     (0.59

Net asset value, end of period

  $ 45.11     $ 43.04     $ 40.32     $ 35.45     $ 31.25     $ 31.23  

TOTAL RETURN2

    6.13     9.25     15.95 %8      15.99     2.25     13.94

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 2,891,807     $ 2,780,361     $ 2,064,305     $ 1,290,417     $ 595,351     $ 448,158  

Ratios to average net assets of:

 

Expenses

    0.28 %3      0.28     0.28     0.28     0.28     0.29 %9 

Net investment income

    2.42 %3      2.33     1.99     2.22     2.30     2.19

Portfolio turnover rate6

    0 %10      29     29     29     32     35
* 

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 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

7 

Amount represents less than $0.005.

 

8 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

9 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%.

 

10 

Amount represents less than 1%.

 

See Notes to Financial Statements.

 

122   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Quality
Shareholder Yield Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 20181
    For the
Year Ended
March 31, 20171
    For the
Year Ended
March 31, 20161
    For the
Year Ended
March 31, 20151
 

Net asset value, beginning of period

  $ 84.70     $ 80.85     $ 70.26     $ 62.76     $ 66.28     $ 58.57  

Investment operations:

 

Net investment income2

    0.79       1.43       1.14       0.92       1.06       0.88  

Net realized and unrealized gain (loss)

    2.60       3.89       10.59       7.55       (3.70     7.71  

Total from investment operations

    3.39       5.32       11.73       8.47       (2.64     8.59  

Dividends to shareholders:

 

Net investment income

    (0.72     (1.47     (1.14     (0.97     (0.88     (0.88

Net asset value, end of period

  $ 87.37     $ 84.70     $ 80.85     $ 70.26     $ 62.76     $ 66.28  

TOTAL RETURN3

    4.01     6.70     16.77     13.61     (4.00 )%      14.73

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 43,686     $ 38,113     $ 44,466     $ 59,718     $ 138,062     $ 26,511  

Ratios to average net assets of:

 

Expenses

    0.38 %4      0.38     0.38 %5,6      0.38 %5      0.38 %5,6      0.39 %5,6,7 

Net investment income

    1.82 %4      1.73     1.48 %5      1.42 %5      1.68 %5      1.42 %5 

Portfolio turnover rate8

    47     54     82     106     85     63

 

             
WisdomTree U.S. SmallCap
Dividend Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 20189
    For the
Year Ended
March 31, 20179
    For the
Year Ended
March 31, 20169
    For the
Year Ended
March 31, 20159
 

Net asset value, beginning of period

  $ 27.54     $ 27.43     $ 26.88     $ 22.91     $ 23.99     $ 22.78  

Investment operations:

 

Net investment income2

    0.49       0.82       0.81       0.70       0.69       0.66  

Net realized and unrealized gain (loss)

    (0.19     0.08       0.53       4.09       (1.13     1.20  

Total from investment operations

    0.30       0.90       1.34       4.79       (0.44     1.86  

Dividends to shareholders:

 

Net investment income

    (0.48     (0.79     (0.79     (0.82     (0.64     (0.65

Net asset value, end of period

  $ 27.36     $ 27.54     $ 27.43     $ 26.88     $ 22.91     $ 23.99  

TOTAL RETURN3

    1.12     3.25     5.02 %10      21.21     (1.69 )%      8.33

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 2,088,729     $ 2,087,705     $ 1,965,277     $ 1,975,473     $ 1,216,658     $ 1,248,932  

Ratios to average net assets5 of:

 

Expenses6

    0.38 %4      0.38     0.38     0.38     0.38     0.39 %7 

Net investment income

    3.66 %4      2.91     2.93     2.75     3.10     2.86

Portfolio turnover rate9

    5     26     36     44     33     33
1 

The information reflects the investment objective and strategy of the WisdomTree U.S. LargeCap Value Fund through December 17, 2017 and the investment objective and strategy of the WisdomTree U.S. Quality Shareholder Yield Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Annualized.

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

9 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

10 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Trust      123  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. SmallCap Fund   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 20171
    For the
Year Ended
March 31, 20161
    For the
Year Ended
March 31, 20151
 

Net asset value, beginning of period

  $ 36.08     $ 35.70     $ 32.16     $ 25.69     $ 28.14     $ 27.13  

Investment operations:

           

Net investment income2

    0.27       0.58       0.37       0.31       0.34       0.33  

Net realized and unrealized gain (loss)

    (0.43     0.38       3.51       6.53       (2.48     0.99  

Total from investment operations

    (0.16     0.96       3.88       6.84       (2.14     1.32  

Dividends to shareholders:

           

Net investment income

    (0.27     (0.58     (0.34     (0.37     (0.31     (0.31

Net asset value, end of period

  $ 35.65     $ 36.08     $ 35.70     $ 32.16     $ 25.69     $ 28.14  

TOTAL RETURN3

    (0.44 )%      2.72     12.09 %4      26.75     (7.60 )%      4.89

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 795,065     $ 736,098     $ 588,999     $ 490,370     $ 369,965     $ 422,121  

Ratios to average net assets5 of:

           

Expenses6

    0.38 %7      0.38     0.38     0.38     0.38     0.39 %8 

Net investment income

    1.54 %7      1.56     1.08     1.06     1.31     1.24

Portfolio turnover rate9

    3     45     48     51     43     43

 

             
WisdomTree U.S. SmallCap Quality
Dividend Growth Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 34.70     $ 34.26     $ 33.06     $ 28.17     $ 30.12     $ 28.43  

Investment operations:

           

Net investment income2

    0.44       0.88       0.76       0.74       0.67       0.65  

Net realized and unrealized gain (loss)

    0.83       0.41       1.21       4.87       (2.02     1.69  

Total from investment operations

    1.27       1.29       1.97       5.61       (1.35     2.34  

Dividends and distributions to shareholders:

           

Net investment income

    (0.42     (0.85     (0.77     (0.72     (0.60     (0.65

Capital gains

                                  (0.00 )10 

Total dividends and distributions to shareholders

    (0.42     (0.85     (0.77     (0.72     (0.60     (0.65

Net asset value, end of period

  $ 35.55     $ 34.70     $ 34.26     $ 33.06     $ 28.17     $ 30.12  

TOTAL RETURN3

    3.71     3.81     5.97     20.12     (4.42 )%      8.37

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 120,870     $ 119,699     $ 101,060     $ 102,498     $ 35,208     $ 22,594  

Ratios to average net assets of:

           

Expenses

    0.38 %7      0.38     0.38     0.38     0.38     0.39 %8 

Net investment income

    2.49 %7      2.47     2.24     2.35     2.43     2.30

Portfolio turnover rate9

    1     42     51     56     50     53
1 

Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Annualized.

 

8 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

9 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

10 

Amount represents less than $0.005.

 

See Notes to Financial Statements.

 

124   WisdomTree Trust


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Total Dividend
Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 94.61     $ 89.11     $ 84.04     $ 74.24     $ 74.25     $ 68.29  

Investment operations:

           

Net investment income1

    1.38       2.56       2.27       2.07       2.04       1.91  

Net realized and unrealized gain (loss)

    4.42       5.41       5.05       9.97       (0.03     5.86  

Total from investment operations

    5.80       7.97       7.32       12.04       2.01       7.77  

Dividends to shareholders:

           

Net investment income

    (1.34     (2.47     (2.25     (2.24     (2.02     (1.81

Net asset value, end of period

  $ 99.07     $ 94.61     $ 89.11     $ 84.04     $ 74.24     $ 74.25  

TOTAL RETURN2

    6.18     9.10     8.76 %3      16.47     2.84     11.47

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 718,274     $ 648,103     $ 579,232     $ 571,504     $ 493,708     $ 582,862  

Ratios to average net assets4 of:

           

Expenses5

    0.28 %6      0.28     0.28 %7      0.28 %7      0.28 %7      0.29 %8 

Net investment income

    2.85 %6      2.78     2.56     2.63     2.83     2.64

Portfolio turnover rate9

    1     11     11     12     12     13

 

             
WisdomTree U.S. Total Market Fund   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 201810
    For the
Year Ended
March 31, 201710
    For the
Year Ended
March 31, 201610
    For the
Year Ended
March 31, 201510
 

Net asset value, beginning of period

  $ 32.29     $ 31.09     $ 27.89     $ 23.83     $ 24.65     $ 22.60  

Investment operations:

           

Net investment income1

    0.31       0.60       0.53       0.48       0.48       0.45  

Net realized and unrealized gain (loss)

    1.61       1.29       3.17       4.10       (0.78     2.01  

Total from investment operations

    1.92       1.89       3.70       4.58       (0.30     2.46  

Dividends and distributions to shareholders:

           

Net investment income

    (0.32     (0.69     (0.50     (0.51     (0.52     (0.41

Tax return of capital

                      (0.01            

Total dividends and distributions to shareholders

    (0.32     (0.69     (0.50     (0.52     (0.52     (0.41

Net asset value, end of period

  $ 33.89     $ 32.29     $ 31.09     $ 27.89     $ 23.83     $ 24.65  

TOTAL RETURN2

    5.96     6.34     13.31     19.39     (1.18 )%      10.93

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 86,419     $ 113,025     $ 69,946     $ 62,755     $ 57,204     $ 107,209  

Ratios to average net assets of:

           

Expenses

    0.28 %6      0.28     0.28     0.28     0.28     0.29 %11 

Net investment income

    1.87 %6      1.89     1.75     1.87     2.00     1.88

Portfolio turnover rate9

    1     22     22     19     12     16
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Annualized.

 

7 

Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

8 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.28%.

 

9 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

10 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

11 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%.

 

See Notes to Financial Statements.

 

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Notes to Financial Statements (unaudited)

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards 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.

 

   
Fund    Commencement of
Operations
 

WisdomTree U.S. Dividend ex-Financials Fund (“U.S. Dividend ex-Financials Fund’’)

     June 16, 2006  

WisdomTree U.S. High Dividend Fund (“U.S. High Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. LargeCap Dividend Fund (“U.S. LargeCap Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. LargeCap Fund (“U.S. LargeCap Fund’’)

     February 23, 2007  

WisdomTree U.S. MidCap Dividend Fund (“U.S. MidCap Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. MidCap Fund (“U.S. MidCap Fund’’)

     February 23, 2007  

WisdomTree U.S. Multifactor Fund (“U.S. Multifactor Fund’’)

     June 29, 2017  

WisdomTree U.S. Quality Dividend Growth Fund (“U.S. Quality Dividend Growth Fund’’)

     May 22, 2013  

WisdomTree U.S. Quality Shareholder Yield Fund (“U.S. Quality Shareholder Yield Fund’’)

     February 23, 2007  

WisdomTree U.S. SmallCap Dividend Fund (“U.S. SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. SmallCap Fund (“U.S. SmallCap Fund’’)

     February 23, 2007  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (“U.S. SmallCap Quality Dividend Growth Fund’’)

     July 25, 2013  

WisdomTree U.S. Total Dividend Fund (“U.S. Total Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. Total Market Fund (“U.S. Total Market Fund’’)

     February 23, 2007  

Each Fund, except the U.S. Quality Shareholder Yield Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). The U.S. Quality Shareholder Yield Fund is actively managed using a model-based approach seeking income and capital appreciation. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g. broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including

 

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Notes to Financial Statements (unaudited) (continued)

 

preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less), if any, generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities, may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates,

prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves,

 

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prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The following is a summary of the fair valuations according to the inputs used as of September 30, 2019 in valuing each Fund’s assets:

 

       
U.S. Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 796,475,023      $      $  

Exchange-Traded Funds

     1,318,331                

Investment of Cash Collateral for Securities Loaned

            44,412,456         

Total

   $ 797,793,354      $ 44,412,456      $  
        
       
U.S. High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 926,084,580      $      $  

Exchange-Traded Fund

     2,196,641                

Investment of Cash Collateral for Securities Loaned

            24,106,019         

Total

   $ 928,281,221      $ 24,106,019      $  
        
       
U.S. LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,178,286,620      $      $  

Exchange-Traded Fund

     2,837,377                

Investment of Cash Collateral for Securities Loaned

            16,230,653         

Total

   $ 2,181,123,997      $ 16,230,653      $  
        
       
U.S. LargeCap Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 295,935,683      $      $  

Exchange-Traded Fund

     382,432                

Investment of Cash Collateral for Securities Loaned

            995,516         

Total

   $ 296,318,115      $ 995,516      $  
        
       
U.S. MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 3,917,839,191      $      $  

Exchange-Traded Fund

     12,771,510                

Investment of Cash Collateral for Securities Loaned

            406,883,081         

Total

   $ 3,930,610,701      $ 406,883,081      $  
        
       
U.S. MidCap Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,120,027,429      $      $  

Exchange-Traded Fund

     1,615,286                

Investment of Cash Collateral for Securities Loaned

            89,208,484         

Total

   $ 1,121,642,715      $ 89,208,484      $  

 

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U.S. Multifactor Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 118,235,556      $      $  

Investment of Cash Collateral for Securities Loaned

            581,842         

Total

   $ 118,235,556      $ 581,842      $  
        
       
U.S. Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,888,489,306      $      $  

Investment of Cash Collateral for Securities Loaned

            6,595,506         

Total

   $ 2,888,489,306      $ 6,595,506      $  
        
       
U.S. Quality Shareholder Yield Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 43,627,750      $      $  

Investment of Cash Collateral for Securities Loaned

            56,390         

Total

   $ 43,627,750      $ 56,390      $  
        
       
U.S. SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,078,015,871      $      $  

Rights

                   46,058 ** 

Exchange-Traded Fund

     6,064,714                

Investment of Cash Collateral for Securities Loaned

            237,902,355         

Total

   $ 2,084,080,585      $ 237,902,355      $ 46,058  
        
       
U.S. SmallCap Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 793,850,183      $      $  

Rights

                   6,075 ** 

Investment of Cash Collateral for Securities Loaned

            40,777,297         

Total

   $ 793,850,183      $ 40,777,297      $ 6,075  
        
       
U.S. SmallCap Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 120,743,216      $      $  

Investment of Cash Collateral for Securities Loaned

            4,506,158         

Total

   $ 120,743,216      $ 4,506,158      $  
        
       
U.S. Total Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 716,007,503      $      $  

Exchange-Traded Fund

     1,118,361                

Investment of Cash Collateral for Securities Loaned

            5,353,571         

Total

   $ 717,125,864      $ 5,353,571      $  
        
       
U.S. Total Market Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 86,331,979      $      $  

Investment of Cash Collateral for Securities Loaned

            719,544         

Total

   $ 86,331,979      $ 719,544      $  
  *

Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

  **

Security is being fair valued using significant unobservable inputs by the Pricing Committee.

 

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During the six months ended September 30, 2019, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Investment Transactions and Investment Income Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Income earned from securities lending activities (i.e. Securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.

 

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Master Netting Arrangements — ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to the Lending Agreement or similar arrangements in the Statements of Assets and Liabilities. Therefore, all qualifying transactions, if any at September 30, 2019, are presented on a gross basis in the Statements of Assets and Liabilities. As of September 30, 2019, certain of the Funds had securities on loan and the value of the related collateral received by each of those Funds exceeded the value of the securities loaned by each of those Funds. The value of the securities loaned by each Fund is located in the Statements of Assets and Liabilities in “Investments in securities, at value” and also in the footnotes below the Schedules of Investments. In addition, a breakout of the total amount of cash and non-cash securities lending collateral received is located in the footnotes below the Schedules of Investments.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

 

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3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

U.S. Dividend ex-Financials Fund

     0.38

U.S. High Dividend Fund

     0.38

U.S. LargeCap Dividend Fund

     0.28

U.S. LargeCap Fund

     0.08

U.S. MidCap Dividend Fund

     0.38

U.S. MidCap Fund

     0.38

U.S. Multifactor Fund

     0.28

U.S. Quality Dividend Growth Fund

     0.28

U.S. Quality Shareholder Yield Fund

     0.38

U.S. SmallCap Dividend Fund

     0.38

U.S. SmallCap Fund

     0.38

U.S. SmallCap Quality Dividend Growth Fund

     0.38

U.S. Total Dividend Fund

     0.28

U.S. Total Market Fund

     0.28

Each Fund may purchase shares of affiliated ETFs in secondary market transactions to reduce cash balances. For these transactions, WTAM waives its advisory fees for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are shown in the Statements of Operations in “Expense waivers”.

Affiliated holdings are holdings in funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the six months ended September 30, 2019 are as follows:

 

               
Fund   Value at
3/31/2019
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
9/30/2019
    Dividend
Income
 

U.S. Dividend ex-Financials Fund

             

U.S. LargeCap Dividend Fund

  $ 2,727,952     $ 3,239,268     $ 5,342,064     $ 105,826     $ (71,968   $ 659,014     $ 26,960  

U.S. MidCap Dividend Fund

    2,729,775       3,224,021       5,248,529       17,568       (63,518     659,317       26,260  

Total U.S. Dividend ex-Financials Fund

  $ 5,457,727     $ 6,463,289     $ 10,590,593     $ 123,394     $ (135,486   $ 1,318,331     $ 53,220  

U.S. High Dividend Fund

             

U.S. Total Dividend Fund

  $ 6,952,088     $ 10,353,403     $ 15,247,797     $ 639,904     $ (500,957   $ 2,196,641     $ 57,537  

U.S. LargeCap Dividend Fund

             

U.S. Total Dividend Fund

  $ 7,208,819     $ 10,162,661     $ 14,607,114     $ 306,616     $ (233,605   $ 2,837,377     $ 55,483  

U.S. LargeCap Fund

             

U.S. High Dividend Fund

  $ 535,191     $ 2,035,695     $ 2,231,564     $ 57,899     $ (14,789   $ 382,432     $ 18,382  

 

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Notes to Financial Statements (unaudited) (continued)

 

               
Fund   Value at
3/31/2019
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
9/30/2019
    Dividend
Income
 

U.S. MidCap Dividend Fund

             

U.S. LargeCap Dividend Fund

  $ 18,835,332     $ 26,678,701     $ 33,034,142     $ 888,262     $ (596,643   $ 12,771,510     $ 192,404  

U.S. MidCap Fund

             

U.S. MidCap Dividend Fund

  $ 3,984,501     $ 4,831,825     $ 7,261,439     $ 95,874     $ (35,475   $ 1,615,286     $ 68,851  

U.S. Multifactor Fund

             

U.S. Quality Dividend Growth Fund

  $     $ 1,075,194     $ 1,075,014     $ (180   $     $     $ 1,743  

U.S. SmallCap Dividend Fund

             

U.S. MidCap Dividend Fund

  $ 18,990,782     $ 12,208,664     $ 25,660,379     $ 1,311,038     $ (785,391   $ 6,064,714     $ 60,417  

U.S. SmallCap Fund

             

U.S. MidCap Fund

  $ 1,433,943     $ 6,811,272     $ 8,316,021     $ 68,607     $ 2,199     $     $ 34,075  

U.S. Total Dividend Fund

             

U.S. Total Market Fund

  $ 1,355,082     $ 4,674,162     $ 4,949,054     $ 90,780     $ (52,609   $ 1,118,361     $ 15,520  

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of and for the six months ended September 30, 2019, WTAM held shares of and received distributions from the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

       
Fund    Fund Shares
held by WTAM
     Market Value of
Fund Shares
held by WTAM
     Dividends and
Distributions paid to
WTAM on
Fund Shares
held by WTAM
 

U.S. Dividend ex-Financials Fund

     19      $ 1,661      $ 40  

U.S. LargeCap Dividend Fund

     37        3,666        41  

U.S. LargeCap Fund

     1,047        35,116        345  

U.S. MidCap Dividend Fund

     311        11,292        162  

U.S. MidCap Fund

     63        2,485        23  

U.S. Multifactor Fund

     1,884        57,161        435  

U.S. Quality Dividend Growth Fund

     1,163        52,440        624  

U.S. Quality Shareholder Yield Fund

     124        10,841        52  

U.S. SmallCap Dividend Fund

     231        6,322        107  

U.S. SmallCap Fund

     390        13,884        124  

U.S. SmallCap Quality Dividend Growth Fund

     96        3,416        35  

U.S. Total Dividend Fund

                   16  

4. CAPITAL SHARE TRANSACTIONS

As of September 30, 2019, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities and/or an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

 

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Notes to Financial Statements (unaudited) (concluded)

 

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 six months ended September 30, 2019 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

U.S. Dividend ex-Financials Fund

   $ 13,083,488      $ 13,545,765      $ 17,083,894      $ 25,630,210  

U.S. High Dividend Fund

     35,158,895        35,294,358        14,502,410        61,986,432  

U.S. LargeCap Dividend Fund

     26,635,573        23,279,901        76,505,421        33,806,066  

U.S. LargeCap Fund

     2,315,303        2,334,229        54,588,507        11,208,144  

U.S. MidCap Dividend Fund

     81,237,030        80,438,560        179,256,510        29,883,566  

U.S. MidCap Fund

     16,409,582        16,215,057        45,885,655        25,129,616  

U.S. Multifactor Fund

     89,296,366        90,564,445        37,582,464        37,851,797  

U.S. Quality Dividend Growth Fund

     21,506,326        5,192,799        201,682,843        235,747,661  

U.S. Quality Shareholder Yield Fund

     18,823,900        18,793,428        8,393,867        4,144,025  

U.S. SmallCap Dividend Fund

     103,634,745        98,969,730        67,516,695        52,256,383  

U.S. SmallCap Fund

     21,573,789        21,758,328        91,380,819        22,529,392  

U.S. SmallCap Quality Dividend Growth Fund

     1,156,183        1,125,441        1,802,640        3,509,300  

U.S. Total Dividend Fund

     9,212,233        8,134,011        52,564,914        14,201,838  

U.S. Total Market Fund

     905,923        687,203        1,581,262        32,186,148  

6. FEDERAL INCOME TAXES

At September 30, 2019, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

         
Fund    Tax Cost      Gross
Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation
 

U.S. Dividend ex-Financials Fund

   $ 780,265,063      $ 130,745,744      $ (68,804,997    $ 61,940,747  

U.S. High Dividend Fund

     918,439,019        120,340,191        (86,391,970      33,948,221  

U.S. LargeCap Dividend Fund

     1,766,912,132        528,578,689        (98,136,171      430,442,518  

U.S. LargeCap Fund

     254,685,217        49,797,515        (7,169,101      42,628,414  

U.S. MidCap Dividend Fund

     3,947,505,086        634,151,935        (244,163,239      389,988,696  

U.S. MidCap Fund

     1,080,726,343        203,527,485        (73,402,629      130,124,856  

U.S. Multifactor Fund

     114,912,171        6,273,538        (2,368,311      3,905,227  

U.S. Quality Dividend Growth Fund

     2,451,852,026        554,899,038        (111,666,252      443,232,786  

U.S. Quality Shareholder Yield Fund

     39,950,682        4,685,430        (951,972      3,733,458  

U.S. SmallCap Dividend Fund

     2,277,444,432        301,475,990        (256,891,424      44,584,566  

U.S. SmallCap Fund

     791,199,019        126,655,970        (83,221,434      43,434,536  

U.S. SmallCap Quality Dividend Growth Fund

     116,013,979        18,299,491        (9,064,096      9,235,395  

U.S. Total Dividend Fund

     563,693,861        187,498,837        (28,713,263      158,785,574  

U.S. Total Market Fund

     76,065,785        13,696,239        (2,710,501      10,985,738  

 

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

 

Consideration of the Renewal of Investment Advisory and Sub-Investment Advisory Agreements

At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on September 12-13, 2019 (the “Meeting”), the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the renewal of (i) the Investment Advisory Agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of the series included in this report (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”); and (ii) the Sub Advisory Agreement (the “Sub-Advisory Agreement” and, the Advisory Agreements together with the Sub-Advisory Agreement (the “Agreements”)), pursuant to which Mellon Investments Corporation (the “Sub-Adviser”) coordinates the investment and reinvestment of the assets of the Funds included in this report.

The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 5, 2019, representatives from WTAM presented preliminary information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.

The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services Provided to the Funds. The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to certain Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WTI indexes are unique, based on WTI’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each 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 Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight of day-to-day Fund operations, including fund accounting, tax matters, administration and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and the Sub-Adviser under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.

Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and the Sub-Adviser under the Advisory Agreements and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the renewal of the Agreements.

Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index, (2) comparing, with respect to the actively-managed Fund, the Fund’s performance with the performance of a group of comparable funds (the “Performance Group”) for various periods ended May 31, 2019, and (3) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Performance Group, Expense Groups and Expense Universes. The Board noted that the Performance Group, Expense Groups and Expense Universes included only pure-index and index-based exchange traded funds (“ETFs”) as comparison funds, except that the Performance Group, Expense Group and Expense Universe

 

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

 

for the actively-managed Fund included only actively-managed ETFs as comparison funds. The Board also noted that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Performance Group, Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds. The Board also reviewed reports prepared by WTAM presenting performance data for Funds with ten years of performance history and for WisdomTree indexes with at least three years of performance history that are tracked by an index Fund.

The Board discussed the index Funds’ performance, noting that the index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. The Board also discussed the performance of the actively-managed Fund and noted that total return performance of the Fund was above the Performance Group median for the time periods measured. In response to questions from the Independent Trustees, WTAM representatives discussed the relative performance of the Funds and the factors affecting such performance. On that basis, the Board determined to monitor carefully in the coming year disparities in performance — both positive and negative — but did not believe that the disparities in the past reflected any characteristics requiring immediate action by WTAM or the Sub-Adviser.

The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, as well as the advisory fees and total expenses of certain funds not included in the Broadridge reports that WTAM considers to be significant competitors of the Funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were within five basis points of the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed more significantly from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer data and/or the unique attributes of a Fund.

The Board considered the fees to the Sub-Adviser in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Adviser and WTAM. The Board also noted that the Sub-Adviser’s fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund tracking an index is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk borne by WTAM that is associated with Funds’ unitary fee structure, which frequently includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.

Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the Sub-Adviser and the Fund’s total expenses supported the Board’s approval of the renewal of the relevant Agreements.

Analysis of Profitability and Economies of Scale. WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.

The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and the Sub-Adviser, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized material economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole and the relative size and asset size changes among the Funds. The Board noted that certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid rate (including during the last year) and could continue to do so. WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of

 

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

 

the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-investment adviser, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.

*    *    *    *    *    *

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of the Funds and the services provided to the Funds by WTAM and the Sub-Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreements.

 

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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

Previously, the Funds were required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Beginning in April 2019, the Funds ceased filing Form N-Q and commenced filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.


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WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-2904


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LOGO

 

LOGO

 

WisdomTree Trust

Semi-Annual Report

September 30, 2019

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

WisdomTree Emerging Markets High Dividend Fund (DEM)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

WisdomTree Global High Dividend Fund (DEW)

WisdomTree India Earnings Fund (EPI)

WisdomTree India ex-State-Owned Enterprises Fund (IXSE)

WisdomTree Middle East Dividend Fund (GULF)

WisdomTree Modern Tech Platforms Fund (PLAT)

IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the WisdomTree Funds’ annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, annual and semi-annual shareholder reports will be available on the WisdomTree Funds’ website (www.wisdomtree.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank).

You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account.


Table of Contents

Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Indexes (unaudited)

       17  
Schedules of Investments (unaudited)     

WisdomTree Asia Pacific ex-Japan Fund

       20  

WisdomTree China ex-State-Owned Enterprises Fund

       23  

WisdomTree Emerging Markets Consumer Growth Fund

       26  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

       30  

WisdomTree Emerging Markets High Dividend Fund

       36  

WisdomTree Emerging Markets Multifactor Fund

       42  

WisdomTree Emerging Markets Quality Dividend Growth Fund

       45  

WisdomTree Emerging Markets SmallCap Dividend Fund

       49  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

       59  

WisdomTree Global ex-U.S. Real Estate Fund

       63  

WisdomTree Global High Dividend Fund

       67  

WisdomTree India Earnings Fund (consolidated)

       75  

WisdomTree India ex-State-Owned Enterprises Fund

       80  

WisdomTree Middle East Dividend Fund

       82  

WisdomTree Modern Tech Platforms Fund

       84  

Statements of Assets and Liabilities (unaudited)

       85  

Statements of Operations (unaudited)

       88  

Statements of Changes in Net Assets (unaudited)

       91  

Financial Highlights (unaudited)

       96  

Notes to Financial Statements (unaudited)

       104  

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

       119  

General Information (unaudited)

       126  

 

 

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


Table of Contents

Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from April 1, 2019 to September 30, 2019. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/366 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      1  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.4%  

Information Technology

    20.9%  

Materials

    11.5%  

Communication Services

    10.1%  

Energy

    7.0%  

Industrials

    6.2%  

Consumer Staples

    6.0%  

Consumer Discretionary

    5.9%  

Utilities

    5.1%  

Real Estate

    3.5%  

Health Care

    1.6%  

Investment Company

    0.4%  

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Samsung Electronics Co., Ltd.

    8.1%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    5.8%  

BHP Group Ltd.

    3.4%  

Singapore Telecommunications Ltd.

    2.2%  

Commonwealth Bank of Australia

    2.1%  

China Mobile Ltd.

    2.1%  

China Construction Bank Corp., Class H

    1.9%  

Westpac Banking Corp.

    1.7%  

China Petroleum & Chemical Corp., Class H

    1.5%  

National Australia Bank Ltd.

    1.4%  
*

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

The WisdomTree Asia Pacific ex-Japan Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Asia Pacific ex-Japan Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the Asia Pacific ex-Japan region. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 982.00        0.48   $ 2.38  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60        0.48   $ 2.43  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -1.80      -1.31      5.84      2.84      4.76

Fund Market Price Returns

       -2.05      -1.16      5.53      2.77      4.71

WisdomTree Pacific ex-Japan Dividend/Asia Pacific ex-Japan Spliced Index1

       -1.51      -0.89      6.48      3.33      5.45

MSCI Pacific ex-Japan/MSCI AC Asia Pacific ex-Japan Spliced Index2

       -3.28      -1.77      6.52      4.07      5.26
*

Returns of less than one year are cumulative.

 

1 

WisdomTree Pacific ex-Japan Dividend Index through June 17, 2011; WisdomTree Asia Pacific ex-Japan Index thereafter.

 

2 

MSCI Pacific ex-Japan Index through June 17, 2011; MSCI AC Asia Pacific ex-Japan Index thereafter.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

2   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    30.9%  

Communication Services

    20.3%  

Financials

    14.3%  

Health Care

    8.8%  

Information Technology

    7.3%  

Real Estate

    6.1%  

Consumer Staples

    5.4%  

Industrials

    4.5%  

Materials

    1.3%  

Utilities

    0.8%  

Energy

    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*

 

Description   % of Net Assets  

Alibaba Group Holding Ltd., ADR

    13.1%  

Tencent Holdings Ltd.

    11.6%  

Ping An Insurance Group Co. of China Ltd., Class A

    5.3%  

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

    4.3%  

Baidu, Inc., ADR

    3.2%  

JD.com, Inc., ADR

    2.6%  

Jiangsu Hengrui Medicine Co., Ltd., Class A

    2.3%  

NetEase, Inc., ADR

    1.9%  

China Minsheng Banking Corp., Ltd., Class A

    1.9%  

Yum China Holdings, Inc.

    1.8%  
*

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

The WisdomTree China ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Chinese companies that are not state-owned enterprises, which is defined as government ownership of greater than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 929.60        0.32 %1    $ 1.54  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.40        0.32 %1    $ 1.62  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       -7.04      0.78      12.17      8.06      7.04

Fund Market Price Returns

       -7.66      0.51      11.69      7.88      6.83

WisdomTree China Dividend ex-Financials/China ex-State-Owned Enterprises Spliced Index2

       -6.91      -1.60      11.56      8.41      7.36

MSCI China Index

       -8.55      -3.93      7.72      6.04      6.75

FTSE China 50 Index

       -7.91      -4.10      5.66      4.32      5.23
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 19, 2012.

 

2 

WisdomTree China Dividend ex-Financials Index through June 30, 2015; WisdomTree China ex-State-Owned Enterprises Index thereafter.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      3  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    24.7%  

Consumer Staples

    23.8%  

Information Technology

    17.0%  

Communication Services

    13.7%  

Financials

    8.2%  

Real Estate

    5.3%  

Health Care

    3.0%  

Utilities

    2.3%  

Materials

    0.9%  

Energy

    0.6%  

Industrials

    0.2%  

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*

 

Description   % of Net Assets  

Samsung Electronics Co., Ltd.

    2.5%  

Tencent Holdings Ltd.

    2.4%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.2%  

Alibaba Group Holding Ltd., ADR

    2.0%  

MercadoLibre, Inc.

    1.8%  

Naspers Ltd., Class N

    1.6%  

Nestle India Ltd.

    1.0%  

Titan Co., Ltd.

    1.0%  

CP ALL PCL, NVDR

    0.9%  

Hindustan Unilever Ltd.

    0.9%  
*

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

 

The WisdomTree Emerging Markets Consumer Growth Fund (the “Fund”) seeks income and capital appreciation by investing in companies in the consumer and non-consumer sectors that exemplify growth trends in emerging market consumers and their local economies.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 987.60        0.32 %1    $ 1.59  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.40        0.32 %1    $ 1.62  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       -1.24      3.24      1.08      -0.52      0.03

Fund Market Price Returns

       -1.75      3.92      1.10      -0.48      -0.03

MSCI Emerging Markets Index

       -3.66      -2.02      5.97      2.33      2.44
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 27, 2013.

 

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

4   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    18.9%  

Information Technology

    17.0%  

Financials

    16.3%  

Communication Services

    14.1%  

Consumer Staples

    8.0%  

Energy

    6.7%  

Materials

    6.1%  

Industrials

    5.1%  

Health Care

    3.9%  

Real Estate

    2.5%  

Utilities

    1.3%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Alibaba Group Holding Ltd., ADR

    7.9%  

Tencent Holdings Ltd.

    7.7%  

Samsung Electronics Co., Ltd.

    4.3%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.8%  

Lukoil PJSC, ADR

    2.1%  

Reliance Industries Ltd., GDR

    2.0%  

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

    2.0%  

Ping An Insurance Group Co. of China Ltd., Class A

    1.8%  

Naspers Ltd., Class N

    1.5%  

Novatek PJSC, GDR Reg S

    1.2%  
*

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

The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in emerging market companies that are not state-owned enterprises, which is defined as government ownership of more than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 974.10        0.32 %1    $ 1.58  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.40        0.32 %1    $ 1.62  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      Since Inception1  

Fund NAV Returns

       -2.59      -0.28      7.36      4.32

Fund Market Price Returns

       -2.54      -0.23      7.45      4.53

WisdomTree Emerging Markets ex-State-Owned Enterprises Index

       -2.55      -0.46      7.81      5.39

MSCI Emerging Markets Index

       -3.66      -2.02      5.97      3.40
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 10, 2014.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      5  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    20.8%  

Energy

    18.5%  

Materials

    14.4%  

Communication Services

    10.8%  

Information Technology

    10.8%  

Consumer Discretionary

    6.0%  

Utilities

    4.7%  

Consumer Staples

    4.7%  

Industrials

    4.2%  

Real Estate

    3.5%  

Health Care

    0.9%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Gazprom PJSC, ADR

    3.6%  

MMC Norilsk Nickel PJSC, ADR

    3.5%  

Lukoil PJSC, ADR

    2.9%  

Tatneft PJSC, ADR

    2.7%  

China Construction Bank Corp., Class H

    2.7%  

China Mobile Ltd.

    2.5%  

Sberbank of Russia PJSC, ADR

    2.3%  

Industrial & Commercial Bank of China Ltd., Class H

    1.9%  

China Petroleum & Chemical Corp., Class H

    1.8%  

Uni-President Enterprises Corp.

    1.7%  
*

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

The WisdomTree Emerging Markets High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the emerging markets region. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 984.00        0.63   $ 3.12  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.85        0.63   $ 3.18  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -1.60      -1.20      8.04      1.33      2.92

Fund Market Price Returns

       -2.09      -0.84      7.71      1.38      2.78

WisdomTree Emerging Markets High Dividend Index

       -1.40      -0.28      8.70      2.20      3.89

MSCI Emerging Markets Index

       -3.66      -2.02      5.97      2.33      3.37
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

6   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.4%  

Communication Services

    13.2%  

Consumer Staples

    10.9%  

Information Technology

    9.5%  

Energy

    9.3%  

Consumer Discretionary

    9.2%  

Utilities

    7.8%  

Industrials

    7.2%  

Materials

    6.8%  

Real Estate

    2.8%  

Health Care

    0.6%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

China Coal Energy Co., Ltd., Class H

    1.3%  

China Shenhua Energy Co., Ltd., Class H

    1.2%  

China Telecom Corp., Ltd., Class H

    1.1%  

China Construction Bank Corp., Class H

    1.1%  

China Unicom Hong Kong Ltd.

    1.0%  

China Mobile Ltd.

    1.0%  

Bank of Communications Co., Ltd., Class H

    1.0%  

Chongqing Rural Commercial Bank Co., Ltd., Class H

    1.0%  

Lukoil PJSC, ADR

    0.9%  

Rosneft Oil Co. PJSC, GDR Reg S

    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 Emerging Markets Multifactor Fund (the “Fund”) seeks capital appreciation, by investing in equity securities of emerging markets countries with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 941.50        0.48   $ 2.33  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60        0.48   $ 2.43  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      Since Inception1  

Fund NAV Returns

       -5.85      -9.27      -8.06

Fund Market Price Returns

       -6.94      -9.80      -8.04

MSCI Emerging Markets Index

       -3.66      -2.02      -2.65
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      7  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    19.0%  

Consumer Discretionary

    13.1%  

Financials

    12.3%  

Consumer Staples

    12.2%  

Industrials

    8.2%  

Materials

    8.0%  

Energy

    7.1%  

Communication Services

    6.9%  

Real Estate

    5.5%  

Health Care

    4.1%  

Utilities

    3.4%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    3.7%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.3%  

Samsung Electronics Co., Ltd.

    3.0%  

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

    1.2%  

Reliance Industries Ltd.

    1.1%  

Sberbank of Russia PJSC, ADR

    0.9%  

Infosys Ltd.

    0.9%  

China Mobile Ltd.

    0.9%  

SK Hynix, Inc.

    0.8%  

Lukoil PJSC, ADR

    0.8%  
*

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

The WisdomTree Emerging Markets Quality Dividend Growth Fund (the “Fund”) seeks income and capital appreciation by investing in dividend-paying companies with growth characteristics in the emerging markets region.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 973.60        0.32 %1    $ 1.58  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.40        0.32 %1    $ 1.62  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       -2.64      0.95      3.91      1.02      1.46

Fund Market Price Returns

       -3.70      1.21      3.19      0.83      1.07

MSCI Emerging Markets Index

       -3.66      -2.02      5.97      2.33      3.22
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on August 1, 2013.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

8   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    20.6%  

Real Estate

    13.1%  

Consumer Discretionary

    12.7%  

Industrials

    12.6%  

Financials

    10.1%  

Materials

    8.6%  

Utilities

    6.7%  

Consumer Staples

    6.1%  

Communication Services

    3.8%  

Health Care

    3.1%  

Energy

    1.9%  

Investment Company

    0.2%  

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*

 

Description   % of Net Assets  

Transmissora Alianca de Energia Eletrica S.A.

    1.4%  

Guangzhou R&F Properties Co., Ltd., Class H

    1.0%  

Qualicorp Consultoria e Corretora de Seguros S.A.

    0.9%  

Wistron Corp.

    0.7%  

Moneta Money Bank AS

    0.7%  

Realtek Semiconductor Corp.

    0.7%  

Powertech Technology, Inc.

    0.7%  

Foschini Group Ltd. (The)

    0.7%  

Chicony Electronics Co., Ltd.

    0.7%  

Cia de Saneamento do Parana

    0.6%  
*

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

The WisdomTree Emerging Markets SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the emerging markets region. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 970.60        0.63   $ 3.10  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.85        0.63   $ 3.18  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -2.94      0.31      6.10      2.46      4.53

Fund Market Price Returns

       -3.03      1.11      5.75      2.60      4.44

WisdomTree Emerging Markets SmallCap Dividend Index

       -2.65      1.17      6.83      3.49      5.58

MSCI Emerging Markets Small Cap Index

       -5.52      -5.49      1.32      -0.13      3.21
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      9  


Table of Contents

Performance Summary

 

as

of September 30, 2019 (unaudited)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    20.1%  

Industrials

    17.8%  

Consumer Discretionary

    12.2%  

Health Care

    11.5%  

Consumer Staples

    10.9%  

Communication Services

    10.2%  

Materials

    6.1%  

Financials

    5.1%  

Real Estate

    4.2%  

Energy

    1.0%  

Utilities

    0.5%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

British American Tobacco PLC

    5.2%  

Tokyo Electron Ltd.

    4.9%  

Telenor ASA

    4.8%  

Atlas Copco AB, Class A

    3.7%  

ASML Holding N.V.

    3.1%  

Safran S.A.

    3.1%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.9%  

CSL Ltd.

    2.8%  

adidas AG

    2.8%  

Coloplast A/S, Class B

    1.9%  
*

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

The WisdomTree Global ex-U.S. Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in developed and emerging equity markets, ex-U.S. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,061.60        0.58   $ 2.99  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       6.16      3.90      8.15      4.97      5.08

Fund Market Price Returns

       5.81      4.05      8.01      4.99      4.98

WisdomTree Japan Equity Income/Global ex-U.S. Quality Dividend Growth Spliced Index1

       6.40      4.58      8.94      5.68      5.84

MSCI Japan Value/MSCI AC World ex-USA Growth Spliced Index2

       3.47      2.03      7.37      4.86      5.82
*

Returns of less than one year are cumulative.

 

1 

WisdomTree Japan Equity Income Index through June 19, 2009; WisdomTree Global ex-U.S. Quality Dividend Growth Index thereafter.

 

2 

MSCI Japan Value Index through June 19, 2009; MSCI AC World ex-USA Growth Index thereafter.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

10   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Real Estate

    99.2%  

Financials

    0.4%  

Consumer Discretionary

    0.0%

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Sun Hung Kai Properties Ltd.

    4.2%  

Henderson Land Development Co., Ltd.

    2.4%  

Unibail-Rodamco-Westfield

    2.2%  

Vonovia SE

    2.1%  

Link REIT

    2.1%  

Scentre Group

    2.1%  

Klepierre S.A.

    1.8%  

Daiwa House Industry Co., Ltd.

    1.8%  

New World Development Co., Ltd.

    1.5%  

Swire Properties Ltd.

    1.3%  
*

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

The WisdomTree Global ex-U.S. Real Estate Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Real Estate Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the Real Estate sector in developed and emerging equity markets, ex-U.S. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 966.20        0.58   $ 2.85  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -3.38      6.07      7.69      6.67      7.07

Fund Market Price Returns

       -3.54      5.71      7.47      6.69      7.00

WisdomTree International Real Estate/Global ex-U.S. Real Estate Spliced Index1

       -3.30      6.50      7.97      6.95      7.30

Dow Jones Global ex-U.S. Select Real Estate Securities Index

       2.75      8.61      4.14      3.81      6.68

MSCI ACWI ex-USA Real Estate Index

       -4.62      4.96      12.36      N/A        N/A  
*

Returns of less than one year are cumulative.

 

1 

WisdomTree International Real Estate Index through June 17, 2011; WisdomTree Global ex-U.S. Real Estate Index thereafter.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      11  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Global High Dividend Fund (DEW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    16.9%  

Consumer Staples

    12.6%  

Energy

    11.7%  

Communication Services

    10.7%  

Utilities

    9.9%  

Real Estate

    8.2%  

Information Technology

    7.6%  

Health Care

    7.5%  

Consumer Discretionary

    5.7%  

Industrials

    5.0%  

Materials

    3.8%  

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*

 

Description   % of Net Assets  

AT&T, Inc.

    3.3%  

Exxon Mobil Corp.

    2.6%  

Procter & Gamble Co. (The)

    2.5%  

Verizon Communications, Inc.

    2.4%  

Chevron Corp.

    1.9%  

Coca-Cola Co. (The)

    1.8%  

Cisco Systems, Inc.

    1.5%  

Pfizer, Inc.

    1.5%  

PepsiCo, Inc.

    1.4%  

Philip Morris International, Inc.

    1.4%  
*

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

The WisdomTree Global High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the U.S. and in developed and emerging equity markets. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,021.70        0.58   $ 2.93  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       2.17      2.42      6.52      3.64      5.53

Fund Market Price Returns

       2.05      2.69      6.29      3.65      5.42

WisdomTree Europe Equity Income/Global High Dividend Spliced Index1

       2.07      2.29      6.36      3.46      5.60

MSCI Europe Value/MSCI AC World Spliced Index2

       3.59      1.38      9.71      6.65      8.35
*

Returns of less than one year are cumulative.

 

1 

WisdomTree Europe Equity Income Index through June 19, 2009; WisdomTree Global High Dividend Index thereafter.

 

2 

MSCI Europe Value Index through June 19, 2009; MSCI AC World Index thereafter.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

12   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree India Earnings Fund (EPI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    23.0%  

Energy

    21.3%  

Information Technology

    15.2%  

Materials

    11.2%  

Consumer Discretionary

    7.3%  

Utilities

    5.3%  

Industrials

    5.2%  

Consumer Staples

    5.2%  

Health Care

    3.9%  

Communication Services

    1.5%  

Real Estate

    0.6%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Reliance Industries Ltd.

    10.2%  

Housing Development Finance Corp., Ltd.

    7.2%  

Infosys Ltd.

    6.3%  

Tata Consultancy Services Ltd.

    3.5%  

Oil & Natural Gas Corp., Ltd.

    3.3%  

Indian Oil Corp., Ltd.

    2.1%  

HCL Technologies Ltd.

    1.9%  

Coal India Ltd.

    1.9%  

Kotak Mahindra Bank Ltd.

    1.6%  

Axis Bank Ltd.

    1.6%  
*

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

The WisdomTree India Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index (the “Index”). In seeking to track the Index, the Fund invests in profitable companies in the Indian equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 910.80        0.85   $ 4.06  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.75        0.85   $ 4.29  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -8.92      -0.03      4.39      2.66      2.32

Fund Market Price Returns

       -8.71      0.19      4.48      2.81      2.28

WisdomTree India Earnings Index

       -9.12      0.17      5.31      3.62      3.40

MSCI India Index

       -4.68      4.73      6.53      3.84      4.09
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      13  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree India ex-State-Owned Enterprises Fund (IXSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    24.5%  

Financials

    14.1%  

Consumer Discretionary

    12.9%  

Consumer Staples

    12.0%  

Materials

    11.2%  

Energy

    11.1%  

Health Care

    6.4%  

Communication Services

    4.4%  

Industrials

    3.3%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Reliance Industries Ltd.

    11.1%  

Infosys Ltd.

    10.7%  

Tata Consultancy Services Ltd.

    7.9%  

Hindustan Unilever Ltd.

    5.3%  

ICICI Bank Ltd.

    4.8%  

Kotak Mahindra Bank Ltd.

    4.7%  

Maruti Suzuki India Ltd.

    3.2%  

Bharti Airtel Ltd.

    2.6%  

HCL Technologies Ltd.

    2.4%  

Asian Paints Ltd.

    1.9%  
*

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

 

The WisdomTree India ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Indian companies that are not state-owned, which is defined as government ownership greater than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund 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.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual1

   $ 1,000.00      $ 976.90        0.58   $ 2.82  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  
1 

Fund commenced operations on April 4, 2019. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 180/366 (to reflect the period since commencement of operations).

 

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

14   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Middle East Dividend Fund (GULF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    59.1%  

Communication Services

    13.1%  

Real Estate

    7.3%  

Materials

    6.4%  

Industrials

    5.7%  

Energy

    3.3%  

Utilities

    1.9%  

Consumer Staples

    1.6%  

Consumer Discretionary

    1.3%  

Health Care

    0.3%  

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*

 

Description   % of Net Assets  

Qatar National Bank QPSC

    8.5%  

Al Rajhi Bank

    5.6%  

Emirates Telecommunications Group Co. PJSC

    4.7%  

First Abu Dhabi Bank PJSC

    4.7%  

National Bank of Kuwait SAKP

    4.4%  

Mobile Telecommunications Co. KSC

    3.6%  

Abu Dhabi Commercial Bank PJSC

    3.5%  

Saudi Basic Industries Corp.

    3.3%  

Ahli United Bank BSC

    3.3%  

Arab Bank PLC

    2.9%  
*

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 Middle East Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Middle East Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the Middle East. 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.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 985.80        0.88   $ 4.37  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.60        0.88   $ 4.45  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -1.42      6.71      8.68      -0.06      6.42

Fund Market Price Returns

       -0.79      6.71      8.68      -0.31      6.13

WisdomTree Middle East Dividend Index

       -0.34      7.78      10.37      1.32      7.41

MSCI Arabian Markets ex-Saudi Arabia Index

       2.33      7.46      5.59      -2.11      2.54
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      15  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Modern Tech Platforms Fund (PLAT)

 

Sector Breakdown

 

Sector   % of Net Assets  

Communication Services

    32.7%  

Consumer Discretionary

    23.7%  

Financials

    16.6%  

Information Technology

    15.8%  

Industrials

    9.3%  

Health Care

    1.8%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Pinduoduo, Inc., ADR

    2.2%  

Snap, Inc., Class A

    2.1%  

London Stock Exchange Group PLC

    2.1%  

Coupa Software, Inc.

    1.9%  

CoStar Group, Inc.

    1.8%  

Copart, Inc.

    1.8%  

Teladoc Health, Inc.

    1.8%  

Anaplan, Inc.

    1.8%  

CME Group, Inc.

    1.8%  

Match Group, Inc.

    1.8%  
*

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

The WisdomTree Modern Tech Platforms Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Modern Tech Platforms Index (the “Index”). In seeking to track the Index, the Fund invests in mid and large-cap companies on a U.S. or European stock exchange that are generating substantial revenue from a modern platform business. 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.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual1

   $ 1,000.00      $ 1,011.70        0.45   $ 1.63  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.75        0.45   $ 2.28  
1 

Fund commenced operations on May 22, 2019. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 132/366 (to reflect the period since commencement of operations).

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

16   WisdomTree Trust


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this report:

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.

The FTSE China 50 Index is a capitalization weighted index that is comprised of the 50 largest and most liquid Chinese securities.

The MSCI AC Asia Pacific ex-Japan Index is comprised of large- and mid-capitalization segments of emerging market and developed market countries in the Asia Pacific region, excluding Japan.

The MSCI AC World ex-USA Growth Index is comprised of growth stocks in the developed and emerging markets covered by MSCI, excluding the U.S.

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

The MSCI ACWI ex-USA Index is comprised of large- and mid-capitalization segments of the developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI Arabian Markets ex-Saudi Arabia Index is a free float-adjusted market capitalization index that aims to represent the universe of companies in the Gulf Cooperation Council (GCC) countries, excluding Saudi Arabia, plus Jordan, Egypt, Morocco, Tunisia and Lebanon.

The MSCI China Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the Chinese equity market.

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

The MSCI Emerging Markets Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.

The MSCI Europe Value Index is comprised of value stocks in the MSCI Europe Index.

The MSCI India Index is a free float-adjusted market capitalization index that is designed to measure the performance of the Indian equity market.

The MSCI Japan Value Index is comprised of value stocks in the MSCI Japan Index.

The MSCI Pacific ex-Japan Index is a subset of the MSCI EAFE Index that is comprised of stocks in Australia, Hong Kong, Singapore and New Zealand.

The WisdomTree Asia Pacific ex-Japan Index is comprised of dividend-paying companies incorporated in emerging market and developed countries in the Pacific region, excluding Japan.

The WisdomTree China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the Financials sector.

The WisdomTree China ex-State-Owned Enterprises Index measures the performance of Chinese stocks that are not state-owned enterprises. WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

The WisdomTree Emerging Markets Consumer Growth Index consists of stocks that best exemplify growth trends in emerging market consumers and their local economies.

The WisdomTree Emerging Markets ex-State-Owned Enterprises Index is a modified market capitalization weighted index that consists of common stocks in emerging markets, excluding common stocks of “state-owned enterprises.” WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

 

WisdomTree Trust      17  


Table of Contents

Description of Indexes (unaudited) (continued)

 

 

The WisdomTree Emerging Markets High Dividend Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets Quality Dividend Growth Index consists of dividend paying stocks with growth characteristics selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets SmallCap Dividend Index is comprised of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Europe Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree Europe Dividend Index.

The WisdomTree Global ex-U.S. Quality Dividend Growth Index is comprised of growth companies selected from developed and emerging markets outside the U.S.

The WisdomTree Global ex-U.S. Real Estate Index is comprised of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.

The WisdomTree Global High Dividend Index is comprised of high dividend-paying companies selected from the WisdomTree Global Dividend Index.

The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.

The WisdomTree India ex-State-Owned Enterprises Index measures the performance of Indian stocks that are not state-owned enterprises. State owned enterprises are defined as government ownership of more than 20% of outstanding shares of companies.

The WisdomTree International Real Estate Index is comprised of companies in developed markets outside of the U.S. and Canada that pay regular cash dividends and that WisdomTree Investments classifies as being part of the International Real Estate sector.

The WisdomTree Japan Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree Japan Dividend Index.

The WisdomTree Middle East Dividend Index is comprised of companies in the Middle East region that pay regular cash dividends on shares of common stock and that meet specified requirements as of the index measurement date.

The WisdomTree Modern Tech Platforms Index is an equal-weighted index that is designed to provide exposure to mid and large-cap companies that are generating substantial revenue from a modern platform business.

The WisdomTree Pacific ex-Japan Dividend Index is comprised of dividend-paying companies incorporated in the Pacific region, excluding Japan.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

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

 

18   WisdomTree Trust


Table of Contents

Description of Indexes (unaudited) (concluded)

 

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.

Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Australia – 24.0%      

AGL Energy Ltd.

     10,256      $ 132,533  

APA Group

     13,629        105,341  

Aristocrat Leisure Ltd.

     2,488        51,348  

ASX Ltd.

     397        21,707  

Australia & New Zealand Banking Group Ltd.

     18,358        353,122  

BHP Group Ltd.

     40,310        998,309  

Brambles Ltd.

     12,503        96,132  

CIMIC Group Ltd.

     2,606        55,277  

Cochlear Ltd.

     260        36,501  

Commonwealth Bank of Australia

     11,435        623,388  

Computershare Ltd.

     2,667        29,050  

Crown Resorts Ltd.

     8,122        66,009  

CSL Ltd.

     1,583        249,500  

Fortescue Metals Group Ltd.(a)

     56,420        334,862  

Insurance Australia Group Ltd.

     10,914        58,151  

Macquarie Group Ltd.

     1,742        154,005  

National Australia Bank Ltd.

     20,842        417,489  

Newcrest Mining Ltd.

     2,739        64,194  

Qantas Airways Ltd.

     14,684        62,294  

QBE Insurance Group Ltd.

     4,632        39,238  

Ramsay Health Care Ltd.(a)

     1,460        63,877  

REA Group Ltd.

     686        50,070  

Rio Tinto Ltd.

     5,484        342,757  

Sonic Healthcare Ltd.

     4,247        80,346  

South32 Ltd.

     52,955        93,575  

Suncorp Group Ltd.

     6,752        62,164  

Sydney Airport

     32,591        176,507  

Tabcorp Holdings Ltd.

     23,546        77,021  

Telstra Corp., Ltd.

     152,031        359,906  

Transurban Group

     29,804        295,288  

Treasury Wine Estates Ltd.

     4,259        53,342  

Wesfarmers Ltd.

     14,315        384,259  

Westpac Banking Corp.

     24,470        489,172  

Woodside Petroleum Ltd.

     9,505        207,577  

Woolworths Group Ltd.

     11,444        287,742  
     

 

 

 
Total Australia

 

     6,972,053  
China – 17.2%      

AAC Technologies Holdings, Inc.(a)

     6,900        36,527  

Agricultural Bank of China Ltd. Class H

     192,900        75,542  

Anhui Conch Cement Co., Ltd. Class H

     12,000        71,255  

ANTA Sports Products Ltd.

     12,000        99,268  

Bank of China Ltd. Class H

     553,055        217,288  

Bank of Communications Co., Ltd. Class H

     167,955        109,693  

Beijing Enterprises Holdings Ltd.

     6,400        29,431  

China CITIC Bank Corp., Ltd. Class H

     89,800        47,882  

China Construction Bank Corp. Class H

     712,400        543,428  

China Gas Holdings Ltd.

     11,700        45,221  

China Life Insurance Co., Ltd. Class H

     24,396        56,513  

China Merchants Bank Co., Ltd. Class H

     20,204        96,131  

China Mobile Ltd.

     74,134        613,260  

China Overseas Land & Investment Ltd.

     21,565        67,808  

China Pacific Insurance Group Co., Ltd. Class H

     13,800      50,698  

China Petroleum & Chemical Corp. Class H

     749,161        445,326  

China Resources Beer Holdings Co., Ltd.

     4,300        22,791  

China Resources Cement Holdings Ltd.

     38,000        38,100  

China Resources Land Ltd.

     16,300        68,303  

China Resources Power Holdings Co., Ltd.

     42,418        51,457  

China Shenhua Energy Co., Ltd. Class H

     60,536        121,545  

China Telecom Corp., Ltd. Class H

     125,038        56,941  

CITIC Ltd.

     68,400        86,379  

CNOOC Ltd.

     207,061        315,898  

Country Garden Holdings Co., Ltd.(a)

     54,000        68,401  

CSPC Pharmaceutical Group Ltd.

     19,300        38,751  

ENN Energy Holdings Ltd.

     4,100        42,415  

Fosun International Ltd.

     24,500        30,315  

Geely Automobile Holdings Ltd.(a)

     40,800        69,220  

Guangdong Investment Ltd.

     39,500        77,293  

Hengan International Group Co., Ltd.

     9,600        62,944  

Industrial & Commercial Bank of China Ltd. Class H

     492,270        329,670  

Kunlun Energy Co., Ltd.

     28,000        24,109  

Lenovo Group Ltd.

     112,000        74,720  

PetroChina Co., Ltd. Class H

     181,419        93,262  

PICC Property & Casualty Co., Ltd. Class H

     26,500        30,930  

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

     15,646        179,723  

Shenzhou International Group Holdings Ltd.

     5,800        75,761  

Shimao Property Holdings Ltd.

     6,000        17,527  

Sunac China Holdings Ltd.

     4,000        16,073  

Tencent Holdings Ltd.

     5,500        231,663  

Want Want China Holdings Ltd.(a)

     66,800        53,427  

WH Group Ltd.(b)

     141,500        126,710  
     

 

 

 
Total China

 

     5,009,599  
Hong Kong – 9.4%      

AIA Group Ltd.

     23,725        224,103  

Bank of East Asia Ltd. (The)

     14,011        34,494  

BOC Hong Kong Holdings Ltd.

     46,889        159,100  

Chow Tai Fook Jewellery Group Ltd.

     27,600        22,779  

CLP Holdings Ltd.

     27,604        289,970  

Galaxy Entertainment Group Ltd.

     28,000        174,120  

Hang Lung Properties Ltd.

     29,000        65,847  

Hang Seng Bank Ltd.

     8,103        174,683  

Henderson Land Development Co., Ltd.

     24,775        115,352  

Hong Kong & China Gas Co., Ltd.

     109,279        212,999  

Hong Kong Exchanges & Clearing Ltd.

     4,862        142,646  

MTR Corp., Ltd.

     52,680        295,676  

New World Development Co., Ltd.

     56,857        73,833  

Power Assets Holdings Ltd.

     33,579        225,519  

Sino Land Co., Ltd.

     30,924        46,468  

Sun Hung Kai Properties Ltd.

     13,034        187,544  

Swire Pacific Ltd. Class A

     5,000        46,528  

Swire Properties Ltd.

     24,200        75,939  

Techtronic Industries Co., Ltd.

     10,000        69,584  

Wharf Holdings Ltd. (The)

     22,350        48,752  

Wheelock & Co., Ltd.

     8,000        45,565  
     

 

 

 
Total Hong Kong

 

     2,731,501  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

September 30, 2019

 

 

 

Investments    Shares      Value  
India – 5.8%      

Asian Paints Ltd.

     1,413      $ 35,134  

Bharat Petroleum Corp., Ltd.

     20,310        134,724  

Bharti Airtel Ltd.

     11,589        60,023  

Bharti Infratel Ltd.

     15,245        55,349  

Coal India Ltd.

     28,546        80,500  

HCL Technologies Ltd.

     2,083        31,761  

Hero MotoCorp., Ltd.

     1,219        46,524  

Hindustan Unilever Ltd.

     4,013        112,229  

Indian Oil Corp., Ltd.

     60,110        125,023  

Infosys Ltd.

     608        6,912  

Infosys Ltd. ADR

     28,592        325,091  

ITC Ltd.

     21,360        78,319  

Larsen & Toubro Ltd. GDR Reg S

     2,183        45,406  

Mahindra & Mahindra Ltd.

     2,771        21,394  

Maruti Suzuki India Ltd.

     535        50,699  

NTPC Ltd.

     24,729        41,000  

Power Grid Corp. of India Ltd.

     15,514        43,574  

Reliance Industries Ltd. GDR(b)

     2,932        109,364  

Tata Consultancy Services Ltd.

     4,076        120,741  

Tech Mahindra Ltd.

     3,738        37,687  

Vedanta Ltd.

     29,402        63,954  

Vedanta Ltd. ADR

     6,910        59,979  
     

 

 

 
Total India

 

     1,685,387  
Indonesia – 1.9%      

Astra International Tbk PT

     173,161        80,512  

Bank Central Asia Tbk PT

     23,975        51,260  

Bank Mandiri Persero Tbk PT

     75,048        36,876  

Bank Rakyat Indonesia Persero Tbk PT

     255,300        74,099  

Gudang Garam Tbk PT

     7,600        28,042  

Hanjaya Mandala Sampoerna Tbk PT

     112,400        18,133  

Telekomunikasi Indonesia Persero Tbk PT

     732,100        222,286  

Unilever Indonesia Tbk PT

     7,035        23,045  

United Tractors Tbk PT

     13,000        18,843  
     

 

 

 
Total Indonesia

 

     553,096  
Malaysia – 1.7%      

CIMB Group Holdings Bhd

     25,500        30,634  

DiGi.Com Bhd

     43,400        49,236  

Genting Malaysia Bhd

     25,340        18,338  

Malayan Banking Bhd

     42,594        86,572  

MISC Bhd

     25,600        47,690  

Petronas Chemicals Group Bhd

     29,108        52,418  

Petronas Gas Bhd

     10,200        39,903  

Public Bank Bhd

     11,890        57,022  

Tenaga Nasional Bhd

     30,500        99,360  
     

 

 

 
Total Malaysia               481,173  
Philippines – 0.3%

 

  

Manila Electric Co.

     3,490        24,914  

SM Investments Corp.

     3,374        63,210  
     

 

 

 
Total Philippines

 

     88,124  
Singapore – 6.7%      

CapitaLand Ltd.

     28,900        73,770  

DBS Group Holdings Ltd.

     14,817      267,861  

Genting Singapore Ltd.

     132,500        84,316  

Jardine Cycle & Carriage Ltd.

     4,978        107,990  

Keppel Corp., Ltd.

     19,184        82,263  

Oversea-Chinese Banking Corp., Ltd.

     20,970        164,679  

Singapore Airlines Ltd.

     15,157        100,177  

Singapore Technologies Engineering Ltd.

     37,025        102,810  

Singapore Telecommunications Ltd.

     280,777        629,408  

United Overseas Bank Ltd.

     7,798        144,694  

Wilmar International Ltd.

     69,300        186,918  
     

 

 

 
Total Singapore

 

     1,944,886  
South Korea – 13.8%      

Hana Financial Group, Inc.

     1,482        43,674  

Hyundai Motor Co.

     1,646        184,395  

KB Financial Group, Inc.

     1,909        68,147  

Kia Motors Corp.

     2,476        94,391  

Korea Zinc Co., Ltd.

     117        43,821  

KT&G Corp.

     1,702        150,116  

LG Chem Ltd.

     294        73,614  

LG Corp.

     937        54,834  

LG Household & Health Care Ltd.

     37        40,429  

LG Uplus Corp.

     1,759        20,073  

Lotte Chemical Corp.

     205        40,446  

NCSoft Corp.

     100        43,556  

POSCO

     827        156,944  

S-Oil Corp.

     582        48,364  

Samsung C&T Corp.

     509        38,170  

Samsung Electronics Co., Ltd.

     57,187        2,345,042  

Samsung Fire & Marine Insurance Co., Ltd.

     143        26,660  

Samsung Life Insurance Co., Ltd.

     308        18,308  

Samsung SDS Co., Ltd.

     124        19,748  

Shinhan Financial Group Co., Ltd.

     2,031        70,974  

SK Holdings Co., Ltd.

     210        35,815  

SK Hynix, Inc.

     2,656        182,522  

SK Innovation Co., Ltd.

     734        101,863  

SK Telecom Co., Ltd.

     307        61,983  

SK Telecom Co., Ltd. ADR

     1,599        35,498  
     

 

 

 
Total South Korea

 

     3,999,387  
Taiwan – 16.5%      

ASE Technology Holding Co., Ltd.

     36,526        83,355  

Asustek Computer, Inc.

     13,000        86,528  

Catcher Technology Co., Ltd.

     10,000        75,747  

Cathay Financial Holding Co., Ltd.

     52,614        69,362  

China Steel Corp.

     136,078        100,881  

Chunghwa Telecom Co., Ltd.

     56,436        201,918  

CTBC Financial Holding Co., Ltd.

     105,389        69,977  

Delta Electronics, Inc.

     26,415        112,814  

Far EasTone Telecommunications Co., Ltd.

     26,000        60,758  

First Financial Holding Co., Ltd.

     68,270        47,971  

Formosa Chemicals & Fibre Corp.

     70,685        197,534  

Formosa Petrochemical Corp.

     26,511        83,914  

Formosa Plastics Corp.

     72,444        220,663  

Fubon Financial Holding Co., Ltd.

     45,803        65,771  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

September 30, 2019

 

 

 

Investments    Shares      Value  

Hon Hai Precision Industry Co., Ltd.

     107,625      $ 253,933  

Hua Nan Financial Holdings Co., Ltd.

     6,327        4,273  

Largan Precision Co., Ltd.

     1,000        143,435  

MediaTek, Inc.

     16,000        190,301  

Mega Financial Holding Co., Ltd.

     93,827        86,948  

Nan Ya Plastics Corp.

     105,537        237,101  

President Chain Store Corp.

     13,000        121,517  

Quanta Computer, Inc.

     55,000        100,340  

Taiwan Mobile Co., Ltd.

     27,100        97,832  

Taiwan Semiconductor Manufacturing Co., Ltd.

     193,241        1,694,195  

Uni-President Enterprises Corp.

     116,346        280,510  

United Microelectronics Corp.

     189,000        81,632  

Yageo Corp.

     3,000        23,836  
     

 

 

 
Total Taiwan

 

     4,793,046  
Thailand – 1.9%      

Advanced Info Service PCL NVDR

     11,300        81,282  

Airports of Thailand PCL NVDR

     21,040        51,422  

Charoen Pokphand Foods PCL NVDR

     47,700        40,939  

CP ALL PCL

     25,900        68,593  

Indorama Ventures PCL NVDR

     16,200        17,214  

PTT Exploration & Production PCL

     15,113        59,790  

PTT Global Chemical PCL

     30,794        54,117  

PTT PCL NVDR

     53,200        80,448  

Siam Cement PCL (The) NVDR

     4,371        58,309  

Siam Commercial Bank PCL (The)

     10,300        39,738  
     

 

 

 
Total Thailand

 

     551,852  

TOTAL COMMON STOCKS

(Cost: $26,947,990)

 

 

     28,810,104  
EXCHANGE-TRADED FUND – 0.4%

 

United States – 0.4%

 

WisdomTree Global ex-U.S. Real Estate Fund(c)

     
(Cost: $101,912)      3,583      104,874  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(d)

     
(Cost: $72,888)(e)      72,888        72,888  

TOTAL INVESTMENTS IN SECURITIES – 99.8%

(Cost: $27,122,790)

 

 

     28,987,866  

Other Assets less Liabilities – 0.2%

 

     43,950  
  

 

 

 
NET ASSETS – 100.0%

 

   $ 29,031,816  
(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(e)

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $594,998 and the total market value of the collateral held by the Fund was $626,584. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $553,696.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

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

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and

Description of
Currency to

be Purchased

   

Amount and

Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Citibank N.A.

    10/2/2019       26,323       USD       39,000       AUD     $ 19     $  

 

CURRENCY LEGEND

AUD   Australian dollar
USD   U.S. dollar

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

China – 99.5%

 

Air Freight & Logistics – 1.2%

 

SF Holding Co., Ltd. Class A

     70,300      $ 388,944  

ZTO Express Cayman, Inc. ADR

     55,779        1,189,766  
     

 

 

 
Total Air Freight & Logistics

 

     1,578,710  
Auto Components – 1.1%

 

China First Capital Group Ltd.*

     470,000        137,267  

Fuyao Glass Industry Group Co., Ltd. Class A

     119,367        359,860  

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

     68,400        189,736  

Minth Group Ltd.(b)

     106,000        358,926  

Xinyi Glass Holdings Ltd.

     350,000        385,224  
     

 

 

 
Total Auto Components

 

     1,431,013  
Automobiles – 1.9%

 

BYD Co., Ltd. Class A

     67,797        464,160  

BYD Co., Ltd. Class H(b)

     94,000        469,346  

Geely Automobile Holdings Ltd.(b)

     734,000        1,245,036  

Great Wall Motor Co., Ltd. Class H(b)

     426,000        285,235  
     

 

 

 
Total Automobiles

 

     2,463,777  
Banks – 3.6%

 

China Minsheng Banking Corp., Ltd. Class A

     2,857,236        2,414,114  

China Minsheng Banking Corp., Ltd. Class H

     835,600        568,015  

Ping An Bank Co., Ltd. Class A

     694,100        1,518,739  
     

 

 

 
Total Banks

 

     4,500,868  
Biotechnology – 0.7%

 

3SBio, Inc.*(a)

     90,500        150,046  

China Biologic Products Holdings, Inc.*(b)

     2,638        301,972  

Walvax Biotechnology Co., Ltd. Class A

     103,300        391,308  
     

 

 

 
Total Biotechnology

 

     843,326  
Capital Markets – 1.0%

 

Changjiang Securities Co., Ltd. Class A

     359,106        352,806  

East Money Information Co., Ltd. Class A

     465,552        965,734  
     

 

 

 
Total Capital Markets

 

     1,318,540  
Chemicals – 0.6%

 

Tianqi Lithium Corp. Class A

     74,920        286,010  

Zhejiang Longsheng Group Co., Ltd. Class A

     232,200        458,208  
     

 

 

 
Total Chemicals

 

     744,218  
Communications Equipment – 0.2%

 

Hengtong Optic-electric Co., Ltd. Class A

     119,480        260,928  
Diversified Consumer Services – 3.0%

 

New Oriental Education & Technology Group, Inc. ADR*

     18,093        2,003,981  

TAL Education Group ADR*

     52,741        1,805,852  
     

 

 

 
Total Diversified Consumer Services

 

     3,809,833  
Electrical Equipment – 0.7%

 

Fangda Carbon New Material Co., Ltd. Class A

     170,493        278,053  

Fullshare Holdings Ltd.*(b)

     1,322,500        43,010  

Jiangsu Zhongtian Technology Co., Ltd. Class A

     247,582        300,226  

TBEA Co., Ltd. Class A

     231,475        211,170  
     

 

 

 
Total Electrical Equipment

 

     832,459  
Electronic Equipment, Instruments & Components – 3.6%

 

AAC Technologies Holdings, Inc.(b)

     106,000      561,032  

Chaozhou Three-Circle Group Co., Ltd. Class A

     98,138        275,475  

Hollysys Automation Technologies Ltd.(b)

     9,097        138,183  

Kingboard Holdings Ltd.

     88,000        232,881  

Luxshare Precision Industry Co., Ltd. Class A

     248,783        934,377  

OFILM Group Co., Ltd. Class A*

     186,700        311,822  

Sunny Optical Technology Group Co., Ltd.

     103,400        1,519,173  

Tunghsu Optoelectronic Technology Co., Ltd. Class A

     374,000        298,150  

Zhejiang Dahua Technology Co., Ltd. Class A

     144,500        350,248  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     4,621,341  
Energy Equipment & Services – 0.0%

 

China Common Rich Renewable Energy Investments Ltd.*(b)

     502,000        0  
Entertainment – 2.6%

 

Alibaba Pictures Group Ltd.*

     1,790,000        289,928  

iQIYI, Inc. ADR*(b)

     33,917        547,081  

NetEase, Inc. ADR

     9,070        2,414,253  
     

 

 

 
Total Entertainment

 

     3,251,262  
Food & Staples Retailing – 0.6%

 

Sun Art Retail Group Ltd.

     299,000        303,542  

Yonghui Superstores Co., Ltd. Class A

     345,446        431,019  
     

 

 

 
Total Food & Staples Retailing

 

     734,561  
Food Products – 4.3%

 

Dali Foods Group Co., Ltd.(a)

     300,000        184,035  

Foshan Haitian Flavouring & Food Co., Ltd. Class A

     68,363        1,054,565  

Health & Happiness H&H International Holdings Ltd.(b)

     29,000        122,237  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     84,500        292,933  

Tingyi Cayman Islands Holding Corp.

     266,000        374,529  

Uni-President China Holdings Ltd.

     149,000        160,765  

Want Want China Holdings Ltd.(b)

     910,000        727,684  

Wens Foodstuffs Group Co., Ltd. Class A

     305,500        1,594,174  

WH Group Ltd.(a)

     1,095,500        980,807  
     

 

 

 
Total Food Products

 

     5,491,729  
Gas Utilities – 0.8%

 

ENN Energy Holdings Ltd.

     100,900        1,043,629  
Health Care Equipment & Supplies – 0.6%

 

Lepu Medical Technology Beijing Co., Ltd. Class A

     108,500        381,615  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     328,000        337,584  
     

 

 

 
Total Health Care Equipment & Supplies

 

     719,199  
Health Care Providers & Services – 0.9%

 

Aier Eye Hospital Group Co., Ltd. Class A

     104,240        518,932  

Huadong Medicine Co., Ltd. Class A

     74,680        274,613  

Meinian Onehealth Healthcare Holdings Co., Ltd. Class A

     222,960        380,519  
     

 

 

 
Total Health Care Providers & Services

 

     1,174,064  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2019

 

 

 

Investments    Shares      Value  
Hotels, Restaurants & Leisure – 2.4%

 

Huazhu Group Ltd. ADR(b)

     15,558      $ 513,725  

MGM China Holdings Ltd.(b)

     100,000        155,849  

Yum China Holdings, Inc.

     51,362        2,333,376  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     3,002,950  
Household Durables – 1.3%

 

Haier Electronics Group Co., Ltd.

     168,000        438,164  

Haier Smart Home Co., Ltd. Class A

     359,400        771,764  

TCL Corp. Class A

     991,700        495,502  
     

 

 

 
Total Household Durables

 

     1,705,430  
Industrial Conglomerates – 0.3%

 

Fosun International Ltd.

     353,500        437,316  
Insurance – 9.7%

 

Fanhua, Inc. ADR(b)

     5,227        139,195  

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

     553,094        6,756,674  

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

     471,000        5,409,271  
     

 

 

 
Total Insurance

 

     12,305,140  
Interactive Media & Services – 17.0%

 

58.com, Inc. ADR*

     13,031        642,559  

Autohome, Inc. ADR*(b)

     7,726        642,262  

Baidu, Inc. ADR*

     39,417        4,050,491  

Momo, Inc. ADR

     23,073        714,802  

Tencent Holdings Ltd.

     349,100        14,701,478  

Weibo Corp. ADR*(b)

     10,286        460,298  

YY, Inc. ADR*

     5,983        336,424  
     

 

 

 
Total Interactive Media & Services

 

     21,548,314  
Internet & Direct Marketing Retail – 17.5%

 

Alibaba Group Holding Ltd. ADR*

     99,492        16,638,047  

Baozun, Inc. ADR*(b)

     5,905        252,143  

Ctrip.com International Ltd. ADR*

     49,243        1,442,327  

JD.com, Inc. ADR*

     118,732        3,349,430  

Vipshop Holdings Ltd. ADR*

     56,568        504,587  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     22,186,534  
IT Services – 0.5%

 

Chinasoft International Ltd.*(b)

     350,000        154,446  

GDS Holdings Ltd. ADR*(b)

     10,409        417,193  
     

 

 

 
Total IT Services

 

     571,639  
Life Sciences Tools & Services – 0.8%

 

Genscript Biotech Corp.*(b)

     132,000        252,859  

Wuxi Biologics Cayman, Inc.*(a)

     78,500        800,928  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,053,787  
Machinery – 1.9%

 

China Conch Venture Holdings Ltd.

     215,863        798,381  

Haitian International Holdings Ltd.

     99,000        202,775  

Sany Heavy Industry Co., Ltd. Class A

     504,400        1,010,924  

Shenzhen Inovance Technology Co., Ltd. Class A

     97,600        333,279  
     

 

 

 
Total Machinery

 

     2,345,359  
Marine – 0.1%

 

SITC International Holdings Co., Ltd.

     169,000        174,154  
Media – 0.7%

 

China Literature Ltd.*(a)(b)

     36,000      122,358  

Focus Media Information Technology Co., Ltd. Class A

     955,924        704,365  
     

 

 

 
Total Media

 

     826,723  
Metals & Mining – 0.5%

 

China Hongqiao Group Ltd.

     194,000        123,958  

Ganfeng Lithium Co., Ltd. Class A

     82,050        259,796  

Zhejiang Huayou Cobalt Co., Ltd. Class A

     69,960        264,228  
     

 

 

 
Total Metals & Mining

 

     647,982  
Paper & Forest Products – 0.3%

 

Lee & Man Paper Manufacturing Ltd.

     213,000        115,181  

Nine Dragons Paper Holdings Ltd.

     241,000        202,859  
     

 

 

 
Total Paper & Forest Products

 

     318,040  
Personal Products – 0.5%

 

Hengan International Group Co., Ltd.

     105,000        688,314  
Pharmaceuticals – 5.8%      

China Medical System Holdings Ltd.

     212,000        251,991  

CSPC Pharmaceutical Group Ltd.

     640,000        1,284,751  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     255,931        2,898,037  

Luye Pharma Group Ltd.(a)(b)

     250,607        178,665  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A

     96,300        341,544  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H(b)

     78,500        210,744  

Sichuan Kelun Pharmaceutical Co., Ltd. Class A

     87,760        318,523  

Sino Biopharmaceutical Ltd.

     967,500        1,228,979  

SSY Group Ltd.

     244,000        192,937  

Tasly Pharmaceutical Group Co., Ltd. Class A

     86,700        189,584  

Tonghua Dongbao Pharmaceutical Co., Ltd. Class A

     122,947        301,975  
     

 

 

 
Total Pharmaceuticals

 

     7,397,730  
Professional Services – 0.2%

 

51job, Inc. ADR*

     3,937        291,338  
Real Estate Management & Development – 6.1%

 

Agile Group Holdings Ltd.

     216,000        262,256  

China Evergrande Group(b)

     425,000        905,189  

China Fortune Land Development Co., Ltd. Class A

     144,300        546,214  

CIFI Holdings Group Co., Ltd.

     530,000        309,582  

Country Garden Holdings Co., Ltd.(b)

     1,110,000        1,405,744  

Future Land Development Holdings Ltd.*(b)

     266,000        232,045  

Gemdale Corp. Class A

     389,700        631,724  

Guangzhou R&F Properties Co., Ltd. Class H

     151,600        229,307  

Jiayuan International Group Ltd.

     112,000        46,709  

KWG Group Holdings Ltd.*

     224,500        196,701  

Logan Property Holdings Co., Ltd.

     198,000        281,815  

Longfor Group Holdings Ltd.(a)

     204,000        762,310  

Shimao Property Holdings Ltd.

     148,000        432,246  

Sunac China Holdings Ltd.

     326,000        1,309,671  

Yuexiu Property Co., Ltd.

     512,000        111,008  

Zall Smart Commerce Group Ltd.*(b)

     341,000        40,881  
     

 

 

 
Total Real Estate Management & Development

 

     7,703,402  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2019

 

 

 

Investments    Shares      Value  
Semiconductors & Semiconductor Equipment – 0.9%

 

LONGi Green Energy Technology Co., Ltd. Class A

     190,452      $ 701,131  

Sanan Optoelectronics Co., Ltd. Class A

     211,240        417,440  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     1,118,571  
Software – 2.1%

 

Hundsun Technologies, Inc. Class A

     59,010        612,296  

Iflytek Co., Ltd. Class A*

     164,700        736,469  

Kingdee International Software Group Co., Ltd.(b)

     323,000        340,265  

Kingsoft Corp., Ltd.*(b)

     153,000        324,697  

Yonyou Network Technology Co., Ltd. Class A

     154,103        668,104  
     

 

 

 
Total Software

 

     2,681,831  
Specialty Retail – 0.8%

 

China Yongda Automobiles Services Holdings Ltd.(b)

     164,500        135,739  

GOME Retail Holdings Ltd.*(b)

     1,369,000        123,964  

Suning.com Co., Ltd. Class A

     329,500        479,104  

Zhongsheng Group Holdings Ltd.

     70,000        220,957  
     

 

 

 
Total Specialty Retail

 

     959,764  
Technology Hardware, Storage & Peripherals – 0.0%

 

Meitu, Inc.*(a)

     135,000        30,991  
Textiles, Apparel & Luxury Goods – 2.7%

 

ANTA Sports Products Ltd.

     156,000        1,290,235  

Li Ning Co., Ltd.

     238,500        684,392  

Shenzhou International Group Holdings Ltd.

     107,500        1,403,920  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     3,378,547  
Total China

 

     126,193,313  
Hong Kong – 0.3%

 

Oil, Gas & Consumable Fuels – 0.2%

 

United Energy Group Ltd.*(b)

     1,062,000        218,064  
Specialty Retail – 0.1%

 

Chow Tai Fook Jewellery Group Ltd.

     146,400        120,804  
Total Hong Kong

 

     338,868  
Singapore – 0.1%

 

Entertainment – 0.1%

 

IGG, Inc.

     125,000        77,797  

TOTAL COMMON STOCKS

(Cost: $136,405,110)

              126,609,978  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.1%

 

United States – 3.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $3,960,396)(d)      3,960,396      3,960,396  

TOTAL INVESTMENTS IN SECURITIES – 103.0%

(Cost: $140,365,506)

        130,570,374  

Other Assets less Liabilities – (3.0)%

        (3,763,868
     

 

 

 
NET ASSETS – 100.0%             $ 126,806,506  

 

* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a)

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

 

(b) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(c)

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $10,621,693 and the total market value of the collateral held by the Fund was $11,113,694. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,153,298.

ADR – American Depositary Receipt

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

Argentina – 1.8%

 

MercadoLibre, Inc.*

     1,231      $ 678,564  
Brazil – 5.3%

 

Cia Brasileira de Distribuicao (Preference Shares)

     9,510        182,191  

Hypera S.A.

     19,649        158,168  

Lojas Renner S.A.

     26,114        316,410  

Magazine Luiza S.A.

     35,614        316,690  

Porto Seguro S.A.

     10,231        144,645  

Raia Drogasil S.A.

     10,163        233,763  

Sul America S.A.

     23,082        264,378  

Telefonica Brasil S.A. (Preference Shares)

     16,558        218,394  

TIM Participacoes S.A.

     59,048        168,834  
     

 

 

 
Total Brazil

 

     2,003,473  
Chile – 1.1%

 

Cia Cervecerias Unidas S.A.

     21,043        235,369  

Embotelladora Andina S.A. Class B, (Preference Shares)

     49,041        164,322  
     

 

 

 
Total Chile

 

     399,691  
China – 30.4%

 

3SBio, Inc.*(a)

     57,000        94,523  

58.com, Inc. ADR*

     1,691        83,383  

Alibaba Group Holding Ltd. ADR*

     4,490        750,863  

Alibaba Health Information Technology Ltd.*(b)

     102,000        89,127  

Anhui Conch Cement Co., Ltd. Class H

     18,000        106,883  

ANTA Sports Products Ltd.

     31,289        258,832  

Autohome, Inc. ADR*(b)

     2,101        174,656  

BAIC Motor Corp., Ltd. Class H(a)

     159,787        98,652  

Baidu, Inc. ADR*

     1,337        137,390  

Baozun, Inc. ADR*(b)

     2,267        96,801  

Brilliance China Automotive Holdings Ltd.(b)

     101,900        109,447  

BYD Electronic International Co., Ltd.(b)

     77,500        116,061  

China Communications Services Corp., Ltd. Class H

     100,000        56,637  

China Evergrande Group(b)

     39,000        83,080  

China International Travel Service Corp., Ltd. Class A

     10,200        132,973  

China Jinmao Holdings Group Ltd.

     212,000        121,423  

China Longyuan Power Group Corp., Ltd. Class H

     140,000        78,577  

China Medical System Holdings Ltd.

     77,000        91,543  

China Mengniu Dairy Co., Ltd.*

     44,000        164,732  

China Merchants Bank Co., Ltd. Class H

     32,000        152,257  

China Mobile Ltd.

     28,500        235,761  

China Resources Beer Holdings Co., Ltd.

     28,000        148,404  

China Resources Gas Group Ltd.

     24,000        118,631  

China Resources Land Ltd.

     32,000        134,092  

China Taiping Insurance Holdings Co., Ltd.

     23,800        53,129  

China Telecom Corp., Ltd. Class H

     206,000        93,811  

China Traditional Chinese Medicine Holdings Co., Ltd.

     120,000        55,106  

China Unicom Hong Kong Ltd.

     102,000        108,253  

Chong Sing Holdings FinTech Group*(b)

     1,584,000        2,425  

Country Garden Holdings Co., Ltd.(b)

     100,000        126,668  

CSPC Pharmaceutical Group Ltd.

     58,000      116,453  

Ctrip.com International Ltd. ADR*

     4,212        123,369  

Dali Foods Group Co., Ltd.(a)

     117,500        72,094  

Dongfeng Motor Group Co., Ltd. Class H

     90,000        85,529  

ENN Energy Holdings Ltd.

     11,200        115,866  

Focus Media Information Technology Co., Ltd. Class A

     55,500        40,818  

Foshan Haitian Flavouring & Food Co., Ltd. Class A

     7,900        121,636  

Fuyao Glass Industry Group Co., Ltd. Class A

     20,000        60,182  

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

     42,000        116,527  

Geely Automobile Holdings Ltd.(b)

     64,876        110,066  

Gree Electric Appliances, Inc. of Zhuhai Class A

     12,700        101,943  

Greentown China Holdings Ltd.(b)

     115,000        93,151  

Guangzhou Automobile Group Co., Ltd. Class H

     96,000        91,844  

Guangzhou R&F Properties Co., Ltd. Class H

     46,800        70,802  

Haier Electronics Group Co., Ltd.

     46,000        119,996  

Haier Smart Home Co., Ltd. Class A

     28,100        60,228  

Hangzhou Hikvision Digital Technology Co., Ltd. Class A

     23,000        104,071  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     16,100        55,709  

Hengan International Group Co., Ltd.

     13,500        88,514  

HengTen Networks Group Ltd.*(b)

     1,124,000        17,062  

Huaneng Renewables Corp., Ltd. Class H

     338,000        115,118  

Huayu Automotive Systems Co., Ltd. Class A

     19,700        64,853  

Huazhu Group Ltd. ADR(b)

     3,275        108,140  

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A

     4,700        68,475  

Kingboard Holdings Ltd.

     34,000        89,994  

Kingboard Laminates Holdings Ltd.

     96,500        87,029  

Kingdee International Software Group Co., Ltd.(b)

     124,000        130,653  

Kweichow Moutai Co., Ltd. Class A

     1,500        241,651  

Legend Holdings Corp. Class H(a)

     30,300        65,475  

Logan Property Holdings Co., Ltd.

     88,126        125,454  

Longfor Group Holdings Ltd.(a)

     39,410        147,296  

LONGi Green Energy Technology Co., Ltd. Class A

     38,080        139,925  

Luzhou Laojiao Co., Ltd. Class A

     9,200        109,832  

Momo, Inc. ADR

     3,698        114,564  

NetEase, Inc. ADR

     519        138,147  

Nexteer Automotive Group Ltd.

     69,000        56,947  

Ninestar Corp. Class A

     17,551        73,072  

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

     12,700        154,854  

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

     27,129        311,627  

RiseSun Real Estate Development Co., Ltd. Class A

     50,100        58,112  

Sanan Optoelectronics Co., Ltd. Class A

     28,700        56,609  

Shanghai 2345 Network Holding Group Co., Ltd. Class A

     122,260        56,691  

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A

     11,100        120,215  

Shenzhou International Group Holdings Ltd.

     14,600        190,708  

SSY Group Ltd.

     116,000        91,742  

Sun Art Retail Group Ltd.

     90,500        91,892  

Sunac China Holdings Ltd.

     38,000        152,690  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

September 30, 2019

 

 

 

Investments    Shares      Value  

Suning.com Co., Ltd. Class A

     46,100      $ 66,905  

Sunny Optical Technology Group Co., Ltd.

     10,200        149,889  

TAL Education Group ADR*

     4,745        162,469  

Tencent Holdings Ltd.

     21,700        914,016  

Tianma Microelectronics Co., Ltd. Class A

     33,400        64,663  

Tingyi Cayman Islands Holding Corp.

     76,000        107,029  

TravelSky Technology Ltd. Class H

     20,000        41,534  

Uni-President China Holdings Ltd.

     95,000        102,521  

Weibo Corp. ADR*(b)

     2,051        91,782  

Weifu High-Technology Group Co., Ltd. Class A

     20,300        46,581  

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd. Class A

     34,800        87,897  

Wuliangye Yibin Co., Ltd. Class A

     10,100        183,652  

Yonyou Network Technology Co., Ltd. Class A

     25,180        108,961  

Yuzhou Properties Co., Ltd.

     232,000        92,334  

Zhongsheng Group Holdings Ltd.

     54,000        170,485  
     

 

 

 
Total China

 

     11,392,463  
Hungary – 0.4%

 

Richter Gedeon Nyrt

     8,504        137,558  
India – 11.4%

 

Axis Bank Ltd.

     23,226        224,497  

Bajaj Auto Ltd.

     5,478        227,394  

Britannia Industries Ltd.

     4,576        190,104  

Cadila Healthcare Ltd.

     29,273        96,367  

Cipla Ltd.

     16,796        100,844  

Dabur India Ltd.

     34,685        218,896  

Eicher Motors Ltd.

     721        180,738  

GAIL India Ltd.

     70,228        133,284  

Godrej Consumer Products Ltd.

     21,863        212,032  

Hindustan Unilever Ltd.

     11,660        326,089  

ICICI Bank Ltd.

     39,139        239,521  

ITC Ltd.

     52,227        191,497  

JSW Steel Ltd.

     38,163        123,829  

Mahindra & Mahindra Ltd.

     27,137        209,514  

Marico Ltd.

     41,507        230,907  

Maruti Suzuki India Ltd.

     2,347        222,411  

Nestle India Ltd.

     1,840        360,623  

Page Industries Ltd.

     666        211,615  

Tech Mahindra Ltd.

     21,359        215,342  

Titan Co., Ltd.

     20,002        359,305  
     

 

 

 
Total India

 

     4,274,809  
Indonesia – 1.7%

 

Charoen Pokphand Indonesia Tbk PT

     646,400        243,624  

Gudang Garam Tbk PT

     34,853        128,596  

Indofood CBP Sukses Makmur Tbk PT

     309,800        262,441  

Tiga Pilar Sejahtera Food Tbk PT*

     538,700        3,188  
     

 

 

 
Total Indonesia

 

     637,849  
Malaysia – 4.0%

 

Astro Malaysia Holdings Bhd

     479,300        167,131  

CIMB Group Holdings Bhd

     149,700        179,840  

DiGi.Com Bhd

     180,600        204,884  

FGV Holdings Bhd*

     494,400        105,091  

Genting Malaysia Bhd

     150,800      109,129  

Hong Leong Financial Group Bhd

     37,100        144,076  

IOI Corp. Bhd

     160,800        170,132  

Maxis Bhd

     139,400        186,444  

My EG Services Bhd

     663,600        221,887  
     

 

 

 
Total Malaysia

 

     1,488,614  
Mexico – 4.2%

 

Alsea S.A.B. de C.V.*

     79,900        185,667  

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

     30,325        163,835  

El Puerto de Liverpool S.A.B. de C.V. Class C1

     21,074        115,414  

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

     33,676        308,805  

Gruma S.A.B. de C.V. Class B

     15,410        157,612  

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

     97,326        177,409  

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

     38,164        205,027  

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

     89,641        265,509  
     

 

 

 
Total Mexico

 

     1,579,278  
Philippines – 2.7%

 

Ayala Land, Inc.

     305,000        290,995  

Globe Telecom, Inc.

     5,070        179,010  

Jollibee Foods Corp.

     44,350        189,961  

Megaworld Corp.

     2,013,000        169,724  

Universal Robina Corp.

     64,830        195,128  
     

 

 

 
Total Philippines

 

     1,024,818  
Poland – 0.8%

 

Alior Bank S.A.*

     9,474        91,735  

LPP S.A.

     101        216,655  
     

 

 

 
Total Poland

 

     308,390  
Russia – 2.0%

 

Mobile TeleSystems PJSC ADR

     22,526        182,461  

Tatneft PJSC ADR

     3,810        241,935  

X5 Retail Group N.V. GDR Reg S

     8,800        307,824  
     

 

 

 
Total Russia

 

     732,220  
South Africa – 5.0%

 

Capitec Bank Holdings Ltd.

     2,692        228,576  

Clicks Group Ltd.

     15,635        221,690  

Foschini Group Ltd. (The)

     15,473        166,807  

MultiChoice Group*

     3,256        25,333  

Naspers Ltd. Class N

     3,914        592,437  

Oceana Group Ltd.

     2,797        12,809  

Pick n Pay Stores Ltd.

     44,651        175,335  

SPAR Group Ltd. (The)

     16,136        203,274  

Tiger Brands Ltd.

     10,903        151,409  

Truworths International Ltd.

     27,442        95,923  
     

 

 

 
Total South Africa

 

     1,873,593  
South Korea – 10.1%

 

Celltrion, Inc.*

     768        105,298  

Cheil Worldwide, Inc.

     6,661        138,104  

CJ CheilJedang Corp.

     488        95,670  

CJ ENM Co., Ltd.

     550        77,892  

E-Mart, Inc.

     498        47,046  

Hotel Shilla Co., Ltd.

     2,355        169,712  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

September 30, 2019

 

 

 

Investments    Shares      Value  

Industrial Bank of Korea

     9,417      $ 103,920  

Kakao Corp.

     1,382        156,553  

KB Financial Group, Inc.

     3,700        132,082  

KT Corp. ADR

     7,183        81,240  

LG Electronics, Inc.

     2,114        119,118  

LG Household & Health Care Ltd.

     155        169,364  

LG Household & Health Care Ltd. (Preference Shares)

     176        113,444  

LG Uplus Corp.

     7,377        84,183  

NAVER Corp.

     1,492        195,832  

NCSoft Corp.

     505        219,960  

Samsung Electro-Mechanics Co., Ltd.

     1,107        95,323  

Samsung Electronics Co., Ltd.

     22,677        929,906  

Samsung SDS Co., Ltd.

     803        127,887  

Shinsegae, Inc.

     465        102,046  

SK Hynix, Inc.

     4,544        312,266  

SK Telecom Co., Ltd.

     552        111,448  

Woongjin Coway Co., Ltd.

     1,454        102,837  
     

 

 

 
Total South Korea

 

     3,791,131  
Taiwan – 12.6%

 

Acer, Inc.

     140,000        80,324  

Advantech Co., Ltd.

     14,000        123,193  

Chailease Holding Co., Ltd.

     39,050        157,335  

Chicony Electronics Co., Ltd.

     45,000        132,573  

China Development Financial Holding Corp.

     305,000        90,838  

China Life Insurance Co., Ltd.*

     107,341        85,113  

Giant Manufacturing Co., Ltd.

     22,000        149,624  

Globalwafers Co., Ltd.

     17,000        172,058  

Macronix International

     163,000        165,498  

Micro-Star International Co., Ltd.

     58,000        168,815  

Nanya Technology Corp.

     70,000        181,631  

Novatek Microelectronics Corp.

     23,000        131,960  

Pou Chen Corp.

     100,000        128,125  

President Chain Store Corp.

     13,000        121,517  

Realtek Semiconductor Corp.

     29,000        214,991  

Ruentex Development Co., Ltd.*

     73,680        98,558  

Ruentex Industries Ltd.*

     43,000        92,723  

Standard Foods Corp.

     55,000        110,090  

Synnex Technology International Corp.

     94,000        109,984  

Taiwan Cement Corp.

     84,258        107,684  

Taiwan Mobile Co., Ltd.

     35,000        126,352  

Taiwan Semiconductor Manufacturing Co., Ltd.

     95,000        832,890  

Uni-President Enterprises Corp.

     63,000        151,893  

United Microelectronics Corp.

     248,000        107,115  

Vanguard International Semiconductor Corp.

     53,000        107,112  

Walsin Technology Corp.

     29,000        163,113  

Winbond Electronics Corp.

     273,000        157,071  

Wistron Corp.

     153,000        123,536  

WPG Holdings Ltd.

     80,000        98,503  

Yageo Corp.

     13,000        103,289  

Yuanta Financial Holding Co., Ltd.

     202,000        120,453  
     

 

 

 
Total Taiwan

 

     4,713,961  
Investments    Shares      Value  
Thailand – 5.3%

 

Advanced Info Service PCL NVDR

     27,900      $ 200,687  

Berli Jucker PCL NVDR

     101,500        175,057  

Central Pattana PCL NVDR

     96,000        213,438  

CP ALL PCL NVDR

     127,800        339,505  

Electricity Generating PCL NVDR

     26,700        313,399  

Home Product Center PCL NVDR

     506,900        283,406  

Robinson PCL NVDR

     93,200        194,262  

True Corp. PCL NVDR

     1,543,600        264,963  
     

 

 

 
Total Thailand

 

     1,984,717  
Turkey – 0.9%

 

BIM Birlesik Magazalar AS

     14,525        126,356  

Ford Otomotiv Sanayi AS

     10,099        106,239  

Tofas Turk Otomobil Fabrikasi AS

     31,684        113,797  
     

 

 

 
Total Turkey

 

     346,392  
TOTAL COMMON STOCKS
(Cost: $34,933,147)
              37,367,521  
RIGHTS – 0.0%

 

China – 0.0%

 

Legend Holdings Corp., expiring 10/25/19*
(Cost: $0)
     2,053        0  
      Principal
Amount
        
FOREIGN CORPORATE BOND – 0.0%     
India – 0.0%     

Britannia Industries Ltd.
8.00%, 8/28/22

    
(Cost: $1,959)      137,280  INR      1,977  
      Shares          
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9%

 

United States – 1.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $688,902)(d)      688,902        688,902  

TOTAL INVESTMENTS IN SECURITIES – 101.6%

(Cost: $35,624,008)

 

 

     38,058,400  

Other Assets less Liabilities – (1.6)%

 

     (587,444
     

 

 

 
NET ASSETS – 100.0%

 

   $ 37,470,956  

 

 

* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $5,613, which represents 0.01% of net assets.

 

(a) 

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

 

(b)

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(c)

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,248,864 and the total market value of the collateral held by the Fund was $1,335,117. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $646,215.

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

September 30, 2019

 

 

 

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.

 

CURRENCY LEGEND
INR   Indian rupee

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
Brazil – 5.3%      

Ambev S.A.

     649,533      $ 3,001,755  

B2W Cia Digital*

     19,580        227,275  

B3 S.A. – Brasil Bolsa Balcao

     295,926        3,099,643  

Banco Bradesco S.A.

     142,756        1,070,995  

Banco Santander Brasil S.A.

     47,739        519,520  

BR Malls Participacoes S.A.

     80,916        279,925  

BRF S.A.*

     104,437        957,770  

CCR S.A.

     130,451        540,231  

Cia Siderurgica Nacional S.A.

     90,443        287,262  

Cosan S.A.

     30,388        388,112  

CVC Brasil Operadora e Agencia de Viagens S.A.

     18,930        253,815  

Embraer S.A.

     107,779        463,418  

Energisa S.A.

     35,573        426,579  

Engie Brasil Energia S.A.

     38,107        406,100  

Equatorial Energia S.A.

     22,474        541,105  

Hypera S.A.

     48,891        393,555  

Itau Unibanco Holding S.A.

     35,918        259,723  

Itausa – Investimentos Itau S.A.

     5,584        17,789  

Klabin S.A.

     116,128        429,061  

Kroton Educacional S.A.

     220,866        592,808  

Localiza Rent a Car S.A.

     78,113        852,503  

Lojas Renner S.A.

     91,577        1,109,591  

M. Dias Branco S.A.

     16,398        137,785  

Magazine Luiza S.A.

     62,948        559,753  

Multiplan Empreendimentos Imobiliarios S.A.

     36,905        255,608  

Natura Cosmeticos S.A.

     47,518        386,268  

Oi S.A.*

     435,629        99,354  

Pagseguro Digital Ltd. Class A*(a)

     24,513        1,135,197  

Porto Seguro S.A.

     14,745        208,463  

Raia Drogasil S.A.

     39,520        909,015  

Rumo S.A.*

     149,564        879,704  

Sul America S.A.

     46,648        534,301  

Suzano S.A.

     81,719        660,163  

TIM Participacoes S.A.

     105,044        300,349  

Transmissora Alianca de Energia Eletrica S.A.

     21,760        150,451  

Ultrapar Participacoes S.A.

     154,804        687,167  

WEG S.A.

     105,050        611,072  

YDUQS Part

     44,828        388,293  
     

 

 

 
Total Brazil

 

     24,021,478  
Chile – 1.0%      

Aguas Andinas S.A. Class A

     362,817        198,696  

AntarChile S.A.

     12,019        124,616  

Banco de Chile

     4,606,482        645,864  

Banco de Credito e Inversiones S.A.

     5,713        360,273  

Banco Santander Chile

     6,231,238        439,572  

Cencosud S.A.

     171,585        282,753  

Colbun S.A.

     896,837        161,964  

Empresas CMPC S.A.

     110,546        257,463  

Empresas COPEC S.A.

     42,072        397,203  

Enel Americas S.A.

     3,102,182        568,715  

Enel Chile S.A.

     3,091,882        267,619  

Itau CorpBanca

     20,595,476      156,148  

Latam Airlines Group S.A.

     28,902        319,896  

S.A.C.I. Falabella

     72,427        405,298  
     

 

 

 
Total Chile

 

     4,586,080  
China – 36.0%

 

51job, Inc. ADR*

     4,562        337,588  

58.com, Inc. ADR*

     13,672        674,166  

AAC Technologies Holdings, Inc.

     103,000        545,259  

Agile Group Holdings Ltd.

     288,000        349,741  

Aier Eye Hospital Group Co., Ltd. Class A

     111,050        551,796  

Alibaba Group Holding Ltd. ADR*

     212,992        35,618,652  

Alibaba Pictures Group Ltd.*

     1,860,000        301,324  

ANTA Sports Products Ltd.

     152,000        1,257,392  

Autohome, Inc. ADR*(a)

     8,735        726,141  

Baidu, Inc. ADR*

     41,801        4,295,471  

Baozun, Inc. ADR*(a)

     6,334        270,462  

BYD Co., Ltd. Class A

     47,100        321,856  

BYD Co., Ltd. Class H(a)

     88,000        439,472  

Chaozhou Three-Circle Group Co., Ltd. Class A

     65,600        183,795  

China Biologic Products Holdings, Inc.*(a)

     4,061        464,863  

China Common Rich Renewable Energy Investments Ltd.*

     102,000        0  

China Conch Venture Holdings Ltd.

     304,900        1,127,905  

China Evergrande Group(a)

     468,000        996,964  

China First Capital Group Ltd.*

     558,000        163,000  

China Fortune Land Development Co., Ltd. Class A

     79,864        301,739  

China Hongqiao Group Ltd.

     318,000        203,227  

China Literature Ltd.*(a)(b)

     61,400        208,729  

China Medical System Holdings Ltd.

     185,000        219,940  

China Minsheng Banking Corp., Ltd. Class A

     2,017,493        1,701,405  

China Minsheng Banking Corp., Ltd. Class H

     981,500        667,321  

China Yongda Automobiles Services Holdings Ltd.

     244,500        201,790  

CIFI Holdings Group Co., Ltd.

     640,000        373,906  

Country Garden Holdings Co., Ltd.

     1,145,000        1,450,347  

CSPC Pharmaceutical Group Ltd.

     666,000        1,337,199  

Ctrip.com International Ltd. ADR*

     47,218        1,383,015  

Dali Foods Group Co., Ltd.(b)

     310,500        190,513  

East Money Information Co., Ltd. Class A

     352,152        729,128  

ENN Energy Holdings Ltd.

     112,000        1,158,660  

Fangda Carbon New Material Co., Ltd. Class A

     157,373        256,174  

Focus Media Information Technology Co., Ltd. Class A

     687,300        505,481  

Foshan Haitian Flavouring & Food Co., Ltd. Class A

     44,200        680,548  

Fosun International Ltd.

     414,000        512,259  

Fullshare Holdings Ltd.*

     2,542,500        82,702  

Fuyao Glass Industry Group Co., Ltd. Class A

     94,200        283,455  

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

     64,800        179,784  

GDS Holdings Ltd. ADR*

     10,601        424,888  

Geely Automobile Holdings Ltd.

     797,000        1,352,157  

Gemdale Corp. Class A

     247,000        399,648  

Genscript Biotech Corp.*

     98,000        187,764  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

September 30, 2019

 

 

 

Investments    Shares      Value  

GOME Retail Holdings Ltd.*(a)

     1,951,000      $ 176,698  

Great Wall Motor Co., Ltd. Class H(a)

     396,500        265,534  

Guangzhou R&F Properties Co., Ltd. Class H

     190,000        287,445  

Haier Electronics Group Co., Ltd.

     182,000        474,768  

Haier Smart Home Co., Ltd. Class A

     225,900        484,180  

Haitian International Holdings Ltd.

     131,000        268,370  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     65,900        228,025  

Hengan International Group Co., Ltd.

     99,000        649,106  

Hengtong Optic-electric Co., Ltd. Class A

     100,160        218,325  

Hollysys Automation Technologies Ltd.(a)

     9,865        149,849  

Huadong Medicine Co., Ltd. Class A

     60,080        220,511  

Huazhu Group Ltd. ADR(a)

     15,975        527,495  

Hundsun Technologies, Inc. Class A

     43,180        447,201  

Iflytek Co., Ltd. Class A*

     112,450        501,885  

iQIYI, Inc. ADR*(a)

     18,642        300,695  

JD.com, Inc. ADR*

     115,905        3,269,680  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     130,766        1,477,950  

Jiayuan International Group Ltd.

     288,000        120,132  

Kingboard Holdings Ltd.

     94,000        248,807  

Kingdee International Software Group Co., Ltd.

     310,000        326,632  

Kingsoft Corp., Ltd.*(a)

     168,000        356,599  

KWG Group Holdings Ltd.*

     226,500        198,492  

Lee & Man Paper Manufacturing Ltd.

     187,000        101,140  

Lepu Medical Technology Beijing Co., Ltd. Class A

     64,300        225,731  

Li Ning Co., Ltd.

     243,000        697,439  

Logan Property Holdings Co., Ltd.

     238,000        338,812  

Longfor Group Holdings Ltd.(b)

     253,500        947,464  

LONGi Green Energy Technology Co., Ltd. Class A

     141,290        519,169  

Luxshare Precision Industry Co., Ltd. Class A

     165,509        620,450  

Luye Pharma Group Ltd.(a)(b)

     252,000        179,692  

Meinian Onehealth Healthcare Holdings Co., Ltd. Class A

     112,960        192,423  

Minth Group Ltd.(a)

     104,000        352,221  

Momo, Inc. ADR

     22,052        683,171  

NetEase, Inc. ADR

     10,062        2,678,303  

New Oriental Education & Technology Group, Inc. ADR*

     18,276        2,024,250  

Nine Dragons Paper Holdings Ltd.

     207,000        174,274  

OFILM Group Co., Ltd. Class A*

     125,100        208,547  

Ping An Bank Co., Ltd. Class A

     516,000        1,126,925  

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

     653,600        7,969,481  

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

     786,500        9,034,406  

Sanan Optoelectronics Co., Ltd. Class A

     148,100        292,117  

Sany Heavy Industry Co., Ltd. Class A

     343,300        686,754  

SF Holding Co., Ltd. Class A

     34,100        188,309  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     504,000        518,825  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A

     99,700        352,939  

Shenzhen Inovance Technology Co., Ltd. Class A

     64,800        220,860  

Shenzhou International Group Holdings Ltd.

     114,800        1,499,543  

Shimao Property Holdings Ltd.

     174,000      508,279  

Sichuan Kelun Pharmaceutical Co., Ltd. Class A

     62,600        226,779  

Sino Biopharmaceutical Ltd.

     967,000        1,228,579  

SSY Group Ltd.

     308,000        243,590  

Sun Art Retail Group Ltd.

     316,500        321,369  

Sunac China Holdings Ltd.

     366,000        1,470,648  

Suning.com Co., Ltd. Class A

     196,300        284,891  

Sunny Optical Technology Group Co., Ltd.

     100,000        1,469,500  

TAL Education Group ADR*

     52,189        1,786,951  

Tasly Pharmaceutical Group Co., Ltd. Class A

     50,309        109,803  

TBEA Co., Ltd. Class A

     265,351        241,620  

TCL Corp. Class A

     938,100        467,841  

Tencent Holdings Ltd.

     831,100        35,006,406  

Tianqi Lithium Corp. Class A

     53,465        203,722  

Tingyi Cayman Islands Holding Corp.

     286,000        402,766  

Tonghua Dongbao Pharmaceutical Co., Ltd. Class A

     79,730        195,460  

Tunghsu Optoelectronic Technology Co., Ltd. Class A

     261,100        207,756  

Uni-President China Holdings Ltd.

     196,000        211,516  

Vipshop Holdings Ltd. ADR*

     66,300        591,396  

Walvax Biotechnology Co., Ltd. Class A

     64,400        243,494  

Want Want China Holdings Ltd.

     969,000        775,012  

Weibo Corp. ADR*(a)

     11,025        493,369  

Wens Foodstuffs Group Co., Ltd. Class A

     192,600        1,003,147  

WH Group Ltd.(b)

     1,280,500        1,146,658  

Wuxi Biologics Cayman, Inc.*(b)

     78,500        801,082  

Xinyi Glass Holdings Ltd.

     412,000        453,550  

Yonghui Superstores Co., Ltd. Class A

     212,900        265,141  

Yonyou Network Technology Co., Ltd. Class A

     98,800        427,537  

Yuexiu Property Co., Ltd.

     1,968,000        426,767  

Yum China Holdings, Inc.

     51,741        2,350,594  

YY, Inc. ADR*(a)

     7,973        448,322  

Zall Smart Commerce Group Ltd.*(a)

     1,305,000        156,479  

Zhejiang Dahua Technology Co., Ltd. Class A

     101,900        246,528  

Zhejiang Longsheng Group Co., Ltd. Class A

     165,700        326,368  

Zhongsheng Group Holdings Ltd.

     85,500        269,935  

ZTO Express Cayman, Inc. ADR

     61,264        1,306,761  
     

 

 

 
Total China

 

     162,968,866  
Czech Republic – 0.1%      

Komercni Banka AS

     16,441        555,438  
Hong Kong – 0.1%      

Chow Tai Fook Jewellery Group Ltd.

     200,800        165,724  

United Energy Group Ltd.*(a)

     1,620,000        332,704  
     

 

 

 
Total Hong Kong

 

     498,428  
Hungary – 0.4%      

OTP Bank Nyrt

     38,695        1,610,765  
India – 9.9%      

Adani Ports & Special Economic Zone Ltd.

     102,340        597,776  

Ambuja Cements Ltd.

     66,859        192,410  

Apollo Hospitals Enterprise Ltd.

     10,831        213,277  

Ashok Leyland Ltd.

     186,090        180,395  

Asian Paints Ltd.

     38,832        965,556  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

September 30, 2019

 

 

 

Investments    Shares      Value  

Aurobindo Pharma Ltd.

     33,827      $ 281,141  

Avenue Supermarts Ltd.*(b)

     12,624        331,432  

Bajaj Auto Ltd.

     9,203        382,021  

Bajaj Finserv Ltd.

     4,925        591,608  

Bharti Airtel Ltd.

     188,745        977,565  

Bharti Infratel Ltd.

     102,135        370,817  

Biocon Ltd.

     40,265        126,672  

Bosch Ltd.

     1,123        222,856  

Britannia Industries Ltd.

     7,630        316,978  

Cadila Healthcare Ltd.

     31,845        104,834  

Cipla Ltd.

     44,196        265,355  

Dabur India Ltd.

     68,630        433,121  

Divi’s Laboratories Ltd.

     9,570        224,906  

Dr. Reddy’s Laboratories Ltd.

     10,039        382,790  

Eicher Motors Ltd.

     1,592        399,078  

Glenmark Pharmaceuticals Ltd.

     23,261        106,690  

Godrej Consumer Products Ltd.

     51,763        502,008  

Havells India Ltd.

     39,559        400,955  

HCL Technologies Ltd.

     71,022        1,082,936  

HDFC Life Insurance Co., Ltd.(b)

     50,209        425,902  

Hero MotoCorp., Ltd.

     10,831        413,372  

Hindalco Industries Ltd.

     126,936        342,735  

Hindustan Unilever Ltd.

     76,919        2,151,153  

ICICI Bank Ltd. ADR

     169,395        2,063,231  

ICICI Prudential Life Insurance Co., Ltd.(b)

     49,313        322,520  

Indiabulls Ventures Ltd.

     36,927        64,533  

Infosys Ltd. ADR

     382,743        4,351,788  

JSW Steel Ltd.

     133,954        434,644  

Kotak Mahindra Bank Ltd.

     91,334        2,119,328  

Lupin Ltd.

     28,355        286,356  

Mahindra & Mahindra Ltd.

     74,121        572,259  

Marico Ltd.

     85,595        476,173  

Maruti Suzuki India Ltd.

     12,402        1,175,261  

Mindtree Ltd.

     8,035        80,249  

Motherson Sumi Systems Ltd.

     123,436        182,797  

Mphasis Ltd.

     14,676        198,182  

Nestle India Ltd.

     2,925        573,274  

Oracle Financial Services Software Ltd.*

     3,863        172,979  

Page Industries Ltd.

     802        254,827  

Pidilite Industries Ltd.

     19,143        389,984  

Piramal Enterprises Ltd.

     10,827        249,398  

Reliance Industries Ltd. GDR(b)

     250,214        9,332,982  

Shree Cement Ltd.

     1,293        344,614  

Sun Pharmaceutical Industries Ltd.

     126,316        694,153  

Tata Consultancy Services Ltd.

     109,066        3,230,791  

Tata Steel Ltd.

     18,255        92,861  

Tech Mahindra Ltd.

     56,122        565,823  

Titan Co., Ltd.

     33,506        601,884  

UltraTech Cement Ltd.

     10,831        663,481  

United Spirits Ltd.*

     36,590        344,376  

UPL Ltd.

     64,606        550,578  

Vedanta Ltd.

     203,052        441,668  

Wipro Ltd.

     181,700        614,821  

Yes Bank Ltd.

     201,314        117,603  

Zee Entertainment Enterprises Ltd.

     71,431      267,606  
     

 

 

 
Total India

 

     44,817,363  
Indonesia – 2.1%      

Adaro Energy Tbk PT

     3,572,800        324,686  

Astra International Tbk PT

     2,997,600        1,393,741  

Bank Central Asia Tbk PT

     1,787,200        3,821,171  

Charoen Pokphand Indonesia Tbk PT

     1,105,200        416,542  

Gudang Garam Tbk PT

     62,800        231,712  

Hanjaya Mandala Sampoerna Tbk PT

     1,370,000        221,014  

Indah Kiat Pulp & Paper Corp. Tbk PT

     468,000        213,477  

Indocement Tunggal Prakarsa Tbk PT

     308,200        406,555  

Indofood CBP Sukses Makmur Tbk PT

     370,500        313,861  

Indofood Sukses Makmur Tbk PT

     495,100        268,564  

Kalbe Farma Tbk PT

     3,306,600        390,177  

Matahari Department Store Tbk PT

     458,000        110,669  

Pabrik Kertas Tjiwi Kimia Tbk PT

     277,100        205,946  

Unilever Indonesia Tbk PT

     180,000        589,644  

United Tractors Tbk PT

     342,100        495,858  
     

 

 

 
Total Indonesia

 

     9,403,617  
Malaysia – 1.9%      

AirAsia Group Bhd

     516,300        217,026  

Genting Malaysia Bhd

     941,800        681,551  

HAP Seng Consolidated Bhd

     161,100        379,376  

Hartalega Holdings Bhd

     417,400        523,370  

Hong Leong Bank Bhd

     161,208        629,893  

Hong Leong Financial Group Bhd

     79,900        310,288  

Nestle Malaysia Bhd

     13,900        483,695  

Press Metal Aluminium Holdings Bhd

     617,800        702,347  

Public Bank Bhd

     711,200        3,410,770  

QL Resources Bhd

     198,900        342,505  

Top Glove Corp. Bhd

     378,400        402,169  

YTL Corp. Bhd

     1,369,458        300,908  
     

 

 

 
Total Malaysia

 

     8,383,898  
Mexico – 2.5%      

Alfa S.A.B. de C.V. Class A

     332,032        291,436  

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

     2,063,670        1,530,193  

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

     41,238        222,795  

Cemex S.A.B. de C.V. Series CPO

     1,713,384        667,338  

Coca-Cola Femsa S.A.B. de C.V. UNIT

     28,039        170,543  

El Puerto de Liverpool S.A.B. de C.V. Class C1

     26,660        146,006  

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

     163,580        1,500,008  

Gruma S.A.B. de C.V. Class B

     20,360        208,240  

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

     57,355        340,110  

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

     39,333        378,309  

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

     22,380        341,912  

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

     186,984        340,840  

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

     54,510        159,935  

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

     226,128        1,214,820  

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

     258,668        328,837  

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

     332,704        777,500  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

September 30, 2019

 

 

 

Investments    Shares      Value  

Grupo Televisa S.A.B. Series CPO

     224,940      $ 440,105  

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

     6,023        80,129  

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

     48,913        194,324  

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

     151,075        303,237  

Orbia Advance Corp. S.A.B. de C.V.

     108,437        211,503  

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

     433,779        1,284,815  
     

 

 

 
Total Mexico

 

     11,132,935  
Philippines – 1.2%      

Aboitiz Equity Ventures, Inc.

     237,010        242,589  

Ayala Corp.

     24,345        415,457  

Ayala Land, Inc.

     598,380        570,903  

Bank of the Philippine Islands

     229,320        411,475  

BDO Unibank, Inc.

     192,933        532,306  

JG Summit Holdings, Inc.

     263,720        368,892  

Jollibee Foods Corp.

     60,620        259,650  

Manila Electric Co.

     35,710        254,924  

Metropolitan Bank & Trust Co.

     192,969        254,661  

PLDT, Inc.

     9,075        198,204  

SM Investments Corp.

     46,560        872,270  

SM Prime Holdings, Inc.

     1,174,800        843,190  

Universal Robina Corp.

     99,070        298,185  
     

 

 

 
Total Philippines

 

     5,522,706  
Poland – 1.1%      

Alior Bank S.A.*

     20,873        202,110  

Bank Millennium S.A.*

     135,842        193,641  

Bank Polska Kasa Opieki S.A.

     34,269        875,284  

CCC S.A.

     6,375        219,913  

CD Projekt S.A.

     16,599        1,007,744  

Cyfrowy Polsat S.A.

     56,294        370,973  

Dino Polska S.A.*(b)

     12,724        498,277  

LPP S.A.

     316        677,850  

mBank S.A.*

     3,559        308,571  

Santander Bank Polska S.A.

     7,429        581,105  
     

 

 

 
Total Poland

 

     4,935,468  
Russia – 5.3%      

Globaltrans Investment PLC GDR Reg S

     25,140        216,204  

Lukoil PJSC ADR

     116,632        9,650,132  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     28,760        222,890  

MMC Norilsk Nickel PJSC ADR

     115,983        2,969,165  

Mobile TeleSystems PJSC ADR

     93,868        760,331  

Novatek PJSC GDR Reg S

     26,028        5,278,478  

Novolipetsk Steel PJSC GDR Reg S

     18,666        405,425  

PhosAgro PJSC GDR Reg S

     22,211        283,634  

Polymetal International PLC

     43,845        615,944  

Polyus PJSC GDR Reg S

     8,076        466,389  

Severstal PJSC GDR Reg S

     37,842        543,033  

X5 Retail Group N.V. GDR Reg S

     23,316        815,594  

Yandex N.V. Class A*

     46,878        1,641,199  
     

 

 

 
Total Russia

 

     23,868,418  
South Africa – 5.1%      

Absa Group Ltd.

     76,148        767,733  

Anglo American Platinum Ltd.

     5,492      330,708  

AngloGold Ashanti Ltd.

     37,568        703,887  

Aspen Pharmacare Holdings Ltd.

     32,318        183,198  

AVI Ltd.

     38,389        208,294  

Barloworld Ltd.

     24,658        187,994  

Bid Corp., Ltd.

     35,123        746,009  

Bidvest Group Ltd. (The)

     37,549        472,529  

Capitec Bank Holdings Ltd.

     7,428        630,708  

Clicks Group Ltd.

     30,591        433,752  

Discovery Ltd.

     51,817        389,760  

Exxaro Resources Ltd.(a)

     35,248        303,604  

FirstRand Ltd.(a)

     381,816        1,566,044  

Foschini Group Ltd. (The)

     27,947        301,284  

Gold Fields Ltd.

     76,546        384,282  

Impala Platinum Holdings Ltd.*

     78,743        494,815  

Imperial Logistics Ltd.

     36,545        125,741  

Investec Ltd.

     20,134        106,031  

Kumba Iron Ore Ltd.(a)

     3,543        87,502  

Life Healthcare Group Holdings Ltd.

     162,272        242,726  

Motus Holdings Ltd.

     20,273        92,016  

Mr. Price Group Ltd.

     22,887        238,870  

MTN Group Ltd.(a)

     170,706        1,084,187  

MultiChoice Group*

     49,576        385,720  

Naspers Ltd. Class N

     43,839        6,635,627  

Nedbank Group Ltd.

     25,974        388,552  

Netcare Ltd.

     150,209        173,861  

Oceana Group Ltd.

     5,251        24,048  

PSG Group Ltd.

     21,250        295,937  

Remgro Ltd.

     54,348        584,933  

Sanlam Ltd.

     200,610        986,743  

Sappi Ltd.

     67,437        167,008  

Shoprite Holdings Ltd.

     36,838        297,960  

SPAR Group Ltd. (The)

     24,558        309,370  

Standard Bank Group Ltd.

     140,697        1,620,996  

Tiger Brands Ltd.

     20,346        282,543  

Truworths International Ltd.

     50,283        175,763  

Vodacom Group Ltd.

     64,730        510,753  

Woolworths Holdings Ltd.

     91,554        332,583  
     

 

 

 
Total South Africa

 

     23,254,071  
South Korea – 12.8%      

Amorepacific Corp.

     3,729        438,009  

Amorepacific Group

     5,370        293,607  

BNK Financial Group, Inc.

     46,323        278,445  

Celltrion Healthcare Co., Ltd.*

     5,830        245,648  

Celltrion, Inc.*

     9,789        1,342,136  

CJ CheilJedang Corp.

     994        194,869  

CJ Corp.

     2,104        144,236  

CJ ENM Co., Ltd.

     1,160        164,280  

DB Insurance Co., Ltd.

     5,356        231,049  

DGB Financial Group, Inc.

     31,239        194,566  

Doosan Corp.

     1,488        131,863  

E-Mart, Inc.

     2,122        200,465  

Fila Korea Ltd.

     5,051        244,495  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

September 30, 2019

 

 

 

Investments    Shares      Value  

GS Engineering & Construction Corp.

     8,078      $ 222,860  

GS Holdings Corp.

     7,757        326,194  

Hana Financial Group, Inc.

     29,908        881,375  

Hankook Tire & Technology Co., Ltd.

     8,658        233,433  

Hanmi Science Co., Ltd.

     3,031        100,345  

Hanon Systems

     16,133        161,849  

Hanwha Chemical Corp.

     8,367        125,559  

Helixmith Co., Ltd.*

     1,972        109,304  

HLB, Inc.*(a)

     3,706        187,136  

Hotel Shilla Co., Ltd.

     4,086        294,456  

Hyundai Department Store Co., Ltd.

     2,283        149,064  

Hyundai Engineering & Construction Co., Ltd.

     8,642        334,510  

Hyundai Glovis Co., Ltd.

     2,412        314,569  

Hyundai Heavy Industries Holdings Co., Ltd.

     984        287,512  

Hyundai Marine & Fire Insurance Co., Ltd.

     7,963        175,750  

Hyundai Merchant Marine Co., Ltd.*

     51,998        157,583  

Hyundai Motor Co.

     14,456        1,619,449  

Hyundai Steel Co.

     10,064        327,291  

Kakao Corp.

     4,440        502,964  

KB Financial Group, Inc.

     38,057        1,358,554  

Kia Motors Corp.

     26,139        996,479  

Korea Investment Holdings Co., Ltd.

     6,451        406,103  

Korea Shipbuilding & Offshore Engineering Co., Ltd.*

     4,685        485,675  

Korea Zinc Co., Ltd.

     881        329,965  

Korean Air Lines Co., Ltd.

     7,270        139,182  

KT&G Corp.

     11,277        994,627  

LG Chem Ltd.

     5,002        1,252,434  

LG Corp.

     13,918        814,497  

LG Display Co., Ltd.*

     27,500        325,315  

LG Electronics, Inc.

     10,536        593,677  

LG Household & Health Care Ltd.

     958        1,046,780  

LG Innotek Co., Ltd.

     1,800        171,550  

LG Uplus Corp.

     25,761        293,975  

Lotte Chemical Corp.

     1,497        295,358  

Lotte Corp.

     5,416        164,135  

Lotte Shopping Co., Ltd.

     1,161        125,209  

LS Corp.

     4,372        173,433  

Medy-Tox, Inc.

     536        161,362  

Mirae Asset Daewoo Co., Ltd.

     36,586        229,398  

NAVER Corp.

     13,590        1,783,748  

NCSoft Corp.

     1,769        770,513  

Netmarble Corp.*(a)(b)

     3,576        282,516  

NH Investment & Securities Co., Ltd.

     22,552        239,444  

OCI Co., Ltd.

     2,464        143,166  

Orion Corp.

     2,797        230,092  

POSCO

     6,919        1,313,057  

S-1 Corp.

     2,893        237,264  

Samsung Biologics Co., Ltd.*(b)

     1,656        425,716  

Samsung C&T Corp.

     9,572        717,810  

Samsung Electro-Mechanics Co., Ltd.

     5,862        504,774  

Samsung Electronics Co., Ltd.

     478,005        19,601,342  

Samsung Engineering Co., Ltd.*

     17,380        244,103  

Samsung Fire & Marine Insurance Co., Ltd.

     3,532        658,476  

Samsung Heavy Industries Co., Ltd.*

     49,229      324,311  

Samsung Life Insurance Co., Ltd.

     8,731        518,977  

Samsung SDS Co., Ltd.

     4,341        691,352  

Samsung Securities Co., Ltd.

     10,575        312,525  

Shinhan Financial Group Co., Ltd.

     40,049        1,399,530  

Shinsegae, Inc.

     1,136        249,300  

SillaJen, Inc.*(a)

     6,662        45,336  

SK Holdings Co., Ltd.

     3,519        600,156  

SK Hynix, Inc.

     48,373        3,324,216  

SK Innovation Co., Ltd.

     8,104        1,124,662  

SK Telecom Co., Ltd.

     3,862        779,729  

Woongjin Coway Co., Ltd.

     5,834        412,621  

Yuhan Corp.

     1,011        193,131  
     

 

 

 
Total South Korea

 

     58,100,446  
Taiwan – 11.7%      

Acer, Inc.

     365,000        209,415  

Advantech Co., Ltd.

     37,000        325,581  

ASE Technology Holding Co., Ltd.

     334,062        762,352  

Asia Cement Corp.

     278,000        387,997  

Asustek Computer, Inc.

     78,000        519,170  

AU Optronics Corp.

     974,000        246,761  

Catcher Technology Co., Ltd.

     97,000        734,742  

Cathay Financial Holding Co., Ltd.

     829,000        1,092,882  

Chang Hwa Commercial Bank Ltd.

     787,894        549,821  

Cheng Shin Rubber Industry Co., Ltd.

     289,000        426,637  

Chicony Electronics Co., Ltd.

     74,240        218,715  

China Development Financial Holding Corp.

     1,755,000        522,690  

China Life Insurance Co., Ltd.*

     526,564        417,524  

Chroma ATE, Inc.

     48,000        227,433  

Compal Electronics, Inc.

     511,000        294,828  

CTBC Financial Holding Co., Ltd.

     2,109,672        1,400,804  

Delta Electronics, Inc.

     202,000        862,705  

E.Sun Financial Holding Co., Ltd.

     1,303,602        1,102,985  

Eclat Textile Co., Ltd.

     27,000        362,037  

Far Eastern New Century Corp.

     384,080        354,684  

Far EasTone Telecommunications Co., Ltd.

     168,000        392,593  

Feng TAY Enterprise Co., Ltd.

     40,800        292,608  

Formosa Chemicals & Fibre Corp.

     400,000        1,117,826  

Formosa Petrochemical Corp.

     288,000        911,589  

Formosa Plastics Corp.

     479,000        1,459,024  

Fubon Financial Holding Co., Ltd.

     700,000        1,005,173  

Highwealth Construction Corp.

     101,000        162,449  

Hiwin Technologies Corp.

     29,755        259,431  

Hon Hai Precision Industry Co., Ltd.

     1,286,068        3,034,382  

Hotai Motor Co., Ltd.

     40,000        607,907  

Innolux Corp.

     1,005,000        213,799  

Inventec Corp.

     351,000        242,112  

Largan Precision Co., Ltd.

     9,000        1,290,915  

Lite-On Technology Corp.

     292,015        464,031  

Macronix International

     198,742        201,788  

MediaTek, Inc.

     153,000        1,819,755  

Nan Ya Plastics Corp.

     520,000        1,168,238  

Nanya Technology Corp.

     110,000        285,420  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

September 30, 2019

 

 

 

Investments    Shares      Value  

Novatek Microelectronics Corp.

     65,000      $ 372,931  

Pegatron Corp.

     220,000        382,923  

Pou Chen Corp.

     328,000        420,249  

Powertech Technology, Inc.

     132,000        371,010  

President Chain Store Corp.

     56,000        523,457  

Quanta Computer, Inc.

     298,000        543,661  

Realtek Semiconductor Corp.

     70,000        518,945  

Shin Kong Financial Holding Co., Ltd.*

     1,318,802        399,154  

SinoPac Financial Holdings Co., Ltd.

     1,412,452        550,877  

Synnex Technology International Corp.

     177,000        207,098  

Taishin Financial Holding Co., Ltd.

     1,094,654        488,677  

Taiwan Cement Corp.

     457,744        585,007  

Taiwan Mobile Co., Ltd.

     168,000        606,488  

Taiwan Semiconductor Manufacturing Co., Ltd.

     1,954,000        17,131,235  

Tatung Co., Ltd.*

     190,000        104,111  

Tripod Technology Corp.

     46,000        165,321  

Uni-President Enterprises Corp.

     511,160        1,232,406  

United Microelectronics Corp.

     1,326,000        572,722  

Walsin Technology Corp.

     31,000        174,362  

Wistron Corp.

     308,078        248,750  

WPG Holdings Ltd.

     179,360        220,843  

Yageo Corp.

     27,396        217,670  

Yuanta Financial Holding Co., Ltd.

     1,272,236        758,638  
     

 

 

 
Total Taiwan

 

     52,745,338  
Thailand – 2.4%      

Advanced Info Service PCL NVDR

     180,400        1,297,630  

Bangkok Dusit Medical Services PCL NVDR

     664,000        525,382  

Bangkok Expressway & Metro PCL NVDR

     1,710,300        603,931  

Banpu PCL NVDR

     553,900        213,700  

Berli Jucker PCL NVDR

     255,800        441,179  

BTS Group Holdings PCL NVDR

     1,283,900        562,506  

Bumrungrad Hospital PCL NVDR

     67,200        281,236  

Central Pattana PCL NVDR

     242,900        540,042  

Charoen Pokphand Foods PCL NVDR

     651,400        559,073  

CP ALL PCL NVDR

     763,800        2,029,058  

Energy Absolute PCL NVDR

     437,500        686,611  

Fabrinet*

     6,768        353,966  

Gulf Energy Development PCL NVDR

     129,800        679,026  

Home Product Center PCL NVDR

     731,300        408,868  

Indorama Ventures PCL NVDR

     339,000        360,226  

Land & Houses PCL NVDR

     911,900        286,227  

Minor International PCL NVDR

     402,200        493,134  

Robinson PCL NVDR

     94,600        197,180  

True Corp. PCL NVDR

     1,952,500        335,152  
     

 

 

 
Total Thailand

 

     10,854,127  
Turkey – 0.7%      

Akbank T.A.S.*

     349,439        502,514  

BIM Birlesik Magazalar AS

     54,275        472,149  

Enka Insaat ve Sanayi AS

     102,456        102,519  

Haci Omer Sabanci Holding AS

     173,894        294,725  

KOC Holding AS

     128,744        431,161  

Tupras Turkiye Petrol Rafinerileri AS

     18,069        459,205  

Turkcell Iletisim Hizmetleri AS

     139,211        320,753  

Turkiye Garanti Bankasi AS*

     263,807     477,016  
    

 

 

 
Total Turkey              3,060,042  
United Kingdom – 0.3%     

Antofagasta PLC

     41,471       459,431  

Fresnillo PLC

     14,569       122,729  

Investec PLC

     80,121       413,396  

Mediclinic International PLC

     35,824       146,211  
    

 

 

 
Total United Kingdom              1,141,767  

TOTAL COMMON STOCKS

(Cost: $456,768,457)

             451,461,251  
WARRANTS – 0.0%     
Thailand – 0.0%     
Minor International PCL, expiring 12/31/21* (Cost: $0)      13,535       1,761  
      Principal
Amount
        
FOREIGN CORPORATE BOND – 0.0%     
India – 0.0%     

Britannia Industries Ltd.
8.00%, 8/28/22

    
(Cost: $2,360)      165,450  INR      2,383  
      Shares         
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0%

 

United States – 1.0%     

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

    
(Cost: $4,637,322)(d)      4,637,322       4,637,322  

TOTAL INVESTMENTS IN SECURITIES – 100.9%

(Cost: $461,408,139)

 

 

    456,102,717  

Other Assets less Liabilities – (0.9)%

       (3,880,244
    

 

 

 
NET ASSETS – 100.0%            $ 452,222,473  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $8,544,922 and the total market value of the collateral held by the Fund was $8,904,137. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $4,266,815.

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.

 

CURRENCY LEGEND
INR   Indian rupee

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%      
Brazil – 4.8%      

AES Tiete Energia S.A.

     570,532      $ 1,671,026  

Banco do Brasil S.A.

     798,838        8,724,046  

Banco Santander Brasil S.A.

     257,408        2,801,245  

BB Seguridade Participacoes S.A.

     954,448        8,026,675  

CCR S.A.

     2,553,200        10,573,462  

Cia de Saneamento Basico do Estado de Sao Paulo

     444,188        5,289,222  

Cia de Saneamento de Minas Gerais-COPASA

     149,864        2,446,164  

Cia de Saneamento do Parana

     180,622        3,651,119  

Cia Hering

     284,734        2,373,353  

Cielo S.A.

     3,790,701        7,280,359  

EcoRodovias Infraestrutura e Logistica S.A.

     391,951        1,326,765  

EDP – Energias do Brasil S.A.

     396,952        1,867,830  

Engie Brasil Energia S.A.

     882,624        9,405,983  

Ez Tec Empreendimentos e Participacoes S.A.

     282,722        2,457,036  

Fleury S.A.

     366,004        2,321,464  

Hypera S.A.

     605,026        4,870,246  

Itau Unibanco Holding S.A.

     501,544        3,626,664  

Mahle-Metal Leve S.A.

     43,352        246,973  

MRV Engenharia e Participacoes S.A.

     470,251        1,991,460  

Petrobras Distribuidora S.A.

     447,243        2,955,923  

Qualicorp Consultoria e Corretora de Seguros S.A.

     879,418        6,565,972  

Smiles Fidelidade S.A.

     65,314        595,845  

Transmissora Alianca de Energia Eletrica S.A.

     1,190,794        8,233,271  

Tupy S.A.

     278,789        1,201,388  

Wiz Solucoes e Corretagem de Seguros S.A.

     100,646        269,411  
     

 

 

 
Total Brazil               100,772,902  
Chile – 0.8%      

AES Gener S.A.

     8,366,630        1,821,068  

Aguas Andinas S.A. Class A

     7,368,210        4,035,185  

Banco Santander Chile

     57,631,849        4,065,542  

CAP S.A.

     172,119        1,500,890  

Colbun S.A.

     20,952,466        3,783,906  

Empresas Lipigas S.A.

     250,135        1,775,871  

Enel Generacion Chile S.A.

     1,177,875        647,584  
     

 

 

 
Total Chile               17,630,046  
China – 24.7%      

Agile Group Holdings Ltd.

     2,048,000        2,487,048  

Agricultural Bank of China Ltd. Class H

     24,704,000        9,674,373  

Anhui Expressway Co., Ltd. Class H

     310,000        173,202  

Anhui Hengyuan Coal Industry and Electricity Power Co., Ltd. Class A

     723,000        563,135  

Anhui Jinhe Industrial Co., Ltd. Class A

     394,400        1,099,484  

Anhui Yingjia Distillery Co., Ltd. Class A

     127,400        389,603  

Anxin Trust Co., Ltd. Class A*

     1,252,600        826,480  

Bank of Beijing Co., Ltd. Class A

     3,999,600        3,003,174  

Bank of China Ltd. Class H

     68,676,084        26,981,955  

Bank of Communications Co., Ltd. Class H

     19,966,287        13,040,206  

Bank of Nanjing Co., Ltd. Class A

     1,562,500        1,880,236  

Baoshan Iron & Steel Co., Ltd. Class A

     6,573,400      5,442,227  

Beijing Capital Land Ltd. Class H(a)

     848,000        280,164  

Beijing Enterprises Water Group Ltd.*

     10,152,000        5,192,938  

Beijing Jingneng Clean Energy Co., Ltd. Class H

     1,104,000        183,075  

CGN Power Co., Ltd. Class H(b)

     12,381,000        3,127,074  

China Aoyuan Group Ltd.

     1,224,000        1,386,473  

China Cinda Asset Management Co., Ltd. Class H

     8,602,000        1,689,808  

China CITIC Bank Corp., Ltd. Class H

     11,915,000        6,353,127  

China Construction Bank Corp. Class H

     73,200,054        55,837,988  

China Fortune Land Development Co., Ltd. Class A

     288,900        1,091,510  

China Gezhouba Group Co., Ltd. Class A

     1,268,000        1,035,588  

China Jinmao Holdings Group Ltd.

     5,702,000        3,265,809  

China Lesso Group Holdings Ltd.

     1,945,000        1,840,944  

China Lilang Ltd.

     1,324,000        1,053,877  

China Mobile Ltd.

     6,415,500        53,071,048  

China Oriental Group Co., Ltd.(a)

     2,448,000        846,248  

China Petroleum & Chemical Corp. Class H

     62,402,000        37,093,824  

China Power International Development Ltd.

     9,962,000        2,071,340  

China Resources Cement Holdings Ltd.

     2,070,000        2,075,439  

China Resources Power Holdings Co., Ltd.

     3,868,000        4,692,283  

China Sanjiang Fine Chemicals Co., Ltd.

     2,120,000        354,262  

China SCE Group Holdings Ltd.

     1,874,000        862,967  

China Shenhua Energy Co., Ltd. Class H

     4,986,000        10,010,924  

China South Publishing & Media Group Co., Ltd. Class A

     687,432        1,165,237  

China State Construction International Holdings Ltd.(a)

     2,014,000        1,893,408  

China Suntien Green Energy Corp., Ltd. Class H

     3,511,000        962,912  

China Union Holdings Ltd. Class A

     592,750        343,772  

China Vanke Co., Ltd. Class H

     904,400        3,149,491  

China Yangtze Power Co., Ltd. Class A

     4,261,800        10,883,757  

China Yongda Automobiles Services Holdings Ltd.(a)

     1,706,500        1,408,406  

China ZhengTong Auto Services Holdings Ltd.(a)

     1,911,500        551,061  

China Zhongwang Holdings Ltd.(a)

     4,383,600        1,783,770  

Chinese Universe Publishing and Media Group Co., Ltd. Class A

     285,700        522,700  

Chongqing Changan Automobile Co., Ltd. Class A

     1,556,800        1,616,033  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     2,193,991        1,167,046  

CIFI Holdings Group Co., Ltd.

     3,758,000        2,195,530  

CNHTC Jinan Truck Co., Ltd. Class A

     184,091        377,806  

CNOOC Ltd.

     15,755,600        24,037,168  

Country Garden Holdings Co., Ltd.(a)

     6,025,000        7,631,738  

CPMC Holdings Ltd.(a)

     943,000        378,913  

Daqin Railway Co., Ltd. Class A

     5,183,201        5,511,108  

Datang International Power Generation Co., Ltd. Class H

     3,212,000        663,755  

Dongfeng Motor Group Co., Ltd. Class H

     3,934,000        3,738,590  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2019

 

 

 

Investments    Shares      Value  

Fangda Carbon New Material Co., Ltd. Class A

     1,946,523      $ 3,168,581  

Fangda Special Steel Technology Co., Ltd. Class A

     637,600        741,354  

Fantasia Holdings Group Co., Ltd.*(a)

     2,169,000        334,782  

Financial Street Holdings Co., Ltd. Class A

     837,300        903,173  

Gemdale Corp. Class A

     1,172,009        1,896,322  

Great Wall Motor Co., Ltd. Class H(a)

     3,521,000        2,357,993  

Gree Real Estate Co., Ltd. Class A*

     854,800        643,040  

Greenland Holdings Corp., Ltd. Class A

     828,100        819,005  

Guangdong Ellington Electronics Technology Co., Ltd. Class A

     524,157        811,377  

Guangdong Tapai Group Co., Ltd. Class A

     433,200        583,798  

Guangxi Guiguan Electric Power Co., Ltd. Class A

     1,677,349        1,071,488  

Guangzhou Automobile Group Co., Ltd. Class H(a)

     5,358,000        5,126,030  

Guangzhou R&F Properties Co., Ltd. Class H

     1,379,200        2,086,552  

Guizhou Panjiang Refined Coal Co., Ltd. Class A

     1,358,380        976,198  

Guotai Junan International Holdings Ltd.(a)

     1,998,000        338,972  

Harbin Pharmaceutical Group Co., Ltd. Class A*

     2,431,515        1,301,186  

Hebei Chengde Lolo Co. Class A

     511,920        540,003  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     246,037        851,327  

Hisense Home Appliances Group Co., Ltd. Class H

     759,000        729,044  

HLA Corp., Ltd. Class A

     888,004        1,010,113  

Hopson Development Holdings Ltd.

     684,000        684,052  

Huabao International Holdings Ltd.

     1,437,000        526,085  

Huafa Industrial Co., Ltd. Zhuhai Class A

     551,700        543,322  

Huafu Fashion Co., Ltd. Class A

     371,270        377,594  

Huapont Life Sciences Co., Ltd. Class A

     2,524,300        1,707,997  

Huayu Automotive Systems Co., Ltd. Class A

     859,843        2,830,650  

Industrial & Commercial Bank of China Ltd. Class H

     59,000,823        39,512,504  

Industrial Bank Co., Ltd. Class A

     4,637,712        11,388,980  

Jiangsu Expressway Co., Ltd. Class H

     1,862,527        2,366,351  

Jinke Properties Group Co., Ltd. Class A

     954,600        877,252  

JNBY Design Ltd.

     242,000        347,593  

Joyoung Co., Ltd. Class A

     271,564        832,374  

Kaisa Group Holdings Ltd.*

     1,534,000        673,133  

Kingboard Holdings Ltd.

     1,156,500        3,061,124  

Kingboard Laminates Holdings Ltd.

     2,869,000        2,587,421  

KWG Group Holdings Ltd.*

     2,218,000        1,943,728  

Lee & Man Paper Manufacturing Ltd.

     2,531,000        1,368,911  

Lenovo Group Ltd.(a)

     9,992,000        6,666,092  

Liuzhou Iron & Steel Co., Ltd. Class A

     498,400        357,476  

Livzon Pharmaceutical Group, Inc. Class H

     240,950        617,789  

Logan Property Holdings Co., Ltd.

     1,276,000        1,816,486  

Lonking Holdings Ltd.

     2,964,000        763,742  

Maanshan Iron & Steel Co., Ltd. Class H(a)

     2,296,000        863,995  

Nine Dragons Paper Holdings Ltd.

     1,494,000        1,257,800  

Ningbo Sanxing Medical Electric Co., Ltd. Class A

     886,365        880,355  

Poly Property Group Co., Ltd.

     1,655,000      576,339  

Powerlong Real Estate Holdings Ltd.

     2,126,000        1,499,704  

Red Star Macalline Group Corp., Ltd. Class H(b)

     1,049,000        876,464  

RiseSun Real Estate Development Co., Ltd. Class A

     700,400        812,411  

SAIC Motor Corp., Ltd. Class A

     2,754,578        9,176,267  

Sansteel Minguang Co., Ltd. Fujian Class A

     811,694        914,213  

Shaanxi Coal Industry Co., Ltd. Class A

     2,677,000        3,273,872  

Shandong Buchang Pharmaceuticals Co., Ltd. Class A

     330,675        883,387  

Shandong Chenming Paper Holdings Ltd. Class H(a)

     1,245,000        498,673  

Shandong Hi-speed Co., Ltd. Class A

     789,600        483,379  

Shanghai Zijiang Enterprise Group Co., Ltd. Class A

     890,500        431,628  

Shanxi Lu’an Environmental Energy Development Co., Ltd. Class A

     810,100        821,630  

Shanying International Holding Co., Ltd. Class A*

     2,441,100        1,053,260  

Shenzhen Expressway Co., Ltd. Class H

     998,000        1,301,064  

Shenzhen Investment Ltd.

     4,142,000        1,526,951  

Shenzhen Jinjia Group Co., Ltd. Class A

     616,900        830,496  

Shenzhen Overseas Chinese Town Co., Ltd. Class A

     1,982,900        1,952,789  

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A

     1,792,400        1,014,414  

Shimao Property Holdings Ltd.

     1,194,500        3,489,304  

Shougang Fushan Resources Group Ltd.

     9,258,000        1,913,152  

Shui On Land Ltd.

     2,851,500        567,434  

Sino-Ocean Group Holding Ltd.

     3,737,500        1,268,177  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     7,998,000        2,326,127  

Sinotruk Hong Kong Ltd.

     647,000        959,020  

SITC International Holdings Co., Ltd.

     1,695,000        1,747,021  

Sou Yu Te Group Co., Ltd. Class A*

     1,508,600        488,186  

TCL Corp. Class A

     4,580,900        2,284,546  

TCL Electronics Holdings Ltd.

     1,112,000        557,461  

Tianneng Power International Ltd.(a)

     1,290,000        908,335  

Tongling Jingda Special Magnet Wire Co., Ltd. Class A

     1,021,700        376,425  

Weichai Power Co., Ltd. Class H

     2,819,000        4,063,410  

Weifu High-Technology Group Co., Ltd. Class A

     283,700        650,987  

WH Group Ltd.(b)

     11,127,000        9,963,969  

Xingda International Holdings Ltd.

     1,377,000        374,137  

Xinyi Glass Holdings Ltd.

     3,568,000        3,927,831  

Xinyi Solar Holdings Ltd.

     6,133,347        3,677,160  

Xiwang Special Steel Co., Ltd.

     3,873,000        350,770  

XTEP International Holdings Ltd.

     1,986,400        1,074,360  

Yanzhou Coal Mining Co., Ltd. Class H(a)

     2,724,000        2,765,906  

Yuexiu Property Co., Ltd.

     6,198,000        1,344,057  

Yuzhou Properties Co., Ltd.

     2,606,000        1,037,161  

Zhejiang Chint Electrics Co., Ltd. Class A

     481,100        1,471,256  

Zhejiang Wanfeng Auto Wheel Co., Ltd. Class A

     489,600        483,537  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2019

 

 

 

Investments    Shares      Value  

Zhuzhou Kibing Group Co., Ltd. Class A

     1,157,000      $ 583,492  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H(a)

     2,663,600        1,804,183  
     

 

 

 
Total China               518,487,523  
Czech Republic – 0.7%      

CEZ AS

     434,467        9,586,509  

Komercni Banka AS

     82,235        2,778,204  

Moneta Money Bank AS(b)

     585,660        1,804,215  

O2 Czech Republic AS

     24,890        224,934  
     

 

 

 
Total Czech Republic               14,393,862  
Hong Kong – 0.2%      

Chow Tai Fook Jewellery Group Ltd.

     2,218,000        1,830,556  

Stella International Holdings Ltd.

     1,090,000        1,696,303  
     

 

 

 
Total Hong Kong               3,526,859  
Hungary – 0.1%      

Magyar Telekom Telecommunications PLC

     1,116,210        1,598,473  
India – 3.4%      

Bharat Petroleum Corp., Ltd.

     2,193,222        14,548,485  

Bharti Infratel Ltd.

     1,716,791        6,233,072  

Coal India Ltd.

     2,981,792        8,408,653  

Greaves Cotton Ltd.

     423,758        873,302  

Hindustan Petroleum Corp., Ltd.

     1,833,656        7,806,172  

Indian Oil Corp., Ltd.

     7,261,634        15,103,471  

Mangalore Refinery & Petrochemicals Ltd.

     34,297        23,471  

National Aluminium Co., Ltd.

     1,751,141        1,147,762  

NHPC Ltd.

     5,824,359        1,832,727  

NLC India Ltd.

     145,189        116,981  

Oil India Ltd.

     684,170        1,402,249  

Vedanta Ltd.

     6,580,704        14,313,993  
     

 

 

 
Total India               71,810,338  
Indonesia – 2.1%      

Adaro Energy Tbk PT

     44,158,600        4,013,004  

AKR Corporindo Tbk PT

     3,472,600        929,614  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     4,238,100        468,744  

Bukit Asam Tbk PT

     8,723,700        1,388,909  

Indika Energy Tbk PT

     3,605,400        333,998  

Indo Tambangraya Megah Tbk PT

     1,833,100        1,601,299  

Indocement Tunggal Prakarsa Tbk PT

     3,755,100        4,953,452  

Matahari Department Store Tbk PT

     6,629,400        1,601,891  

Telekomunikasi Indonesia Persero Tbk PT

     90,126,700        27,364,993  

Waskita Beton Precast Tbk PT

     41,020,000        936,279  
     

 

 

 
Total Indonesia               43,592,183  
Malaysia – 2.6%      

AirAsia Group Bhd

     3,724,200        1,565,462  

Astro Malaysia Holdings Bhd

     7,283,000        2,539,570  

Berjaya Sports Toto Bhd

     1,900,972        1,198,607  

Bermaz Auto Bhd

     2,172,100        1,182,801  

British American Tobacco Malaysia Bhd

     298,297        1,349,354  

CIMB Group Holdings Bhd

     4,128,600        4,959,842  

DiGi.Com Bhd

     3,717,847        4,217,763  

Lotte Chemical Titan Holding Bhd(b)

     1,727,100        1,105,476  

Mah Sing Group Bhd

     1,199,000      214,772  

Malayan Banking Bhd

     7,257,565        14,750,866  

MISC Bhd

     3,212,600        5,984,781  

Sime Darby Bhd

     10,423,400        5,601,302  

Sime Darby Property Bhd

     2,759,800        553,674  

SP Setia Bhd

     1,301,993        422,907  

Sunway Bhd

     1,797,949        738,589  

Sunway Construction Group Bhd

     855,500        418,862  

Telekom Malaysia Bhd

     5,912,100        5,083,248  

YTL Corp. Bhd

     9,088,978        1,997,100  

YTL Power International Bhd

     7,311,796        1,292,269  
     

 

 

 
Total Malaysia               55,177,245  
Mexico – 1.6%      

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

     1,858,865        2,586,255  

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

     758,023        7,290,750  

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

     6,581,457        15,380,289  

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

     2,778,128        5,576,237  

Macquarie Mexico Real Estate Management S.A. de C.V.(b)

     1,899,532        2,386,922  

Nemak S.A.B. de C.V.(b)

     1,854,144        835,792  
     

 

 

 
Total Mexico               34,056,245  
Philippines – 0.5%      

Aboitiz Power Corp.

     3,660,900        2,708,769  

DMCI Holdings, Inc.

     8,424,800        1,350,764  

Globe Telecom, Inc.

     11,460        404,627  

Manila Electric Co.

     116,390        830,876  

PLDT, Inc.

     197,189        4,306,732  

Semirara Mining & Power Corp.

     3,326,700        1,463,414  
     

 

 

 
Total Philippines               11,065,182  
Poland – 1.0%      

Asseco Poland S.A.

     140,499        1,789,026  

Bank Handlowy w Warszawie S.A.

     106,543        1,368,610  

Bank Polska Kasa Opieki S.A.

     281,923        7,200,757  

Ciech S.A.*

     156,117        1,314,231  

Powszechny Zaklad Ubezpieczen S.A.

     848,598        7,912,050  

Warsaw Stock Exchange

     21,592        216,235  
     

 

 

 
Total Poland               19,800,909  
Russia – 19.1%      

Gazprom Neft PJSC ADR

     45,950        1,486,482  

Gazprom PJSC ADR

     11,081,082        76,503,790  

Lukoil PJSC ADR

     723,353        59,850,227  

Magnit PJSC GDR Reg S

     788,459        10,301,217  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     460,000        3,565,000  

MMC Norilsk Nickel PJSC ADR

     2,870,000        73,472,000  

Mobile TeleSystems PJSC ADR

     1,889,240        15,302,844  

Novolipetsk Steel PJSC GDR Reg S

     418,194        9,083,174  

PhosAgro PJSC GDR Reg S

     108,083        1,380,220  

Polyus PJSC GDR Reg S

     127,303        7,351,748  

Rosneft Oil Co. PJSC GDR Reg S

     1,897,753        12,175,983  

Rostelecom PJSC ADR

     418,848        3,070,156  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2019

 

 

 

Investments    Shares      Value  

RusHydro PJSC ADR

     2,477,000      $ 2,006,370  

Sberbank of Russia PJSC ADR

     3,454,160        48,962,718  

Severstal PJSC GDR Reg S

     948,756        13,614,649  

Tatneft PJSC ADR

     891,042        56,581,167  

VTB Bank PJSC GDR Reg S

     4,262,982        5,520,562  
     

 

 

 
Total Russia               400,228,307  
South Africa – 6.8%      

Absa Group Ltd.

     1,099,996        11,090,281  

Aeci Ltd.

     296,065        1,873,728  

African Rainbow Minerals Ltd.(a)

     190,730        1,770,377  

Alexander Forbes Group Holdings Ltd.

     1,488,339        549,692  

Assore Ltd.(a)

     53,332        897,138  

Astral Foods Ltd.

     122,506        1,187,692  

AVI Ltd.

     625,544        3,394,131  

Blue Label Telecoms Ltd.*

     702,057        133,813  

Coronation Fund Managers Ltd.

     539,135        1,482,377  

Exxaro Resources Ltd.(a)

     626,358        5,395,044  

FirstRand Ltd.(a)

     3,254,649        13,349,159  

Foschini Group Ltd. (The)

     439,850        4,741,822  

Hyprop Investments Ltd.

     475,925        1,941,052  

Imperial Logistics Ltd.

     255,433        878,875  

Investec Ltd.

     291,348        1,534,321  

Kumba Iron Ore Ltd.(a)

     224,418        5,542,477  

Liberty Holdings Ltd.

     276,260        2,047,922  

Metair Investments Ltd.

     128,904        195,535  

MTN Group Ltd.

     4,727,262        30,023,765  

Nedbank Group Ltd.

     119,924        1,793,976  

Netcare Ltd.

     2,726,788        3,156,150  

Peregrine Holdings Ltd.

     321,000        369,851  

Reunert Ltd.

     167,088        760,367  

RMB Holdings Ltd.(a)

     1,016,698        5,035,714  

SPAR Group Ltd. (The)

     283,443        3,570,681  

Standard Bank Group Ltd.

     1,600,296        18,437,310  

Telkom S.A. SOC Ltd.

     1,042,964        4,855,586  

Truworths International Ltd.

     1,056,266        3,692,142  

Tsogo Sun Gaming Ltd.

     1,349,320        1,173,786  

Vodacom Group Ltd.

     1,592,258        12,563,743  
     

 

 

 
Total South Africa               143,438,507  
South Korea – 1.1%      

Daishin Securities Co., Ltd.

     35,563        390,965  

Doosan Corp.(a)

     20,537        1,819,941  

Huchems Fine Chemical Corp.

     65,860        1,178,284  

KEPCO Plant Service & Engineering Co., Ltd.

     44,520        1,285,931  

Kumho Industrial Co., Ltd.(a)

     37,193        385,565  

Meritz Financial Group, Inc.

     32,792        352,278  

Meritz Fire & Marine Insurance Co., Ltd.

     54,310        867,216  

Orange Life Insurance Ltd.(b)

     58,205        1,316,261  

S-Oil Corp.

     79,257        6,586,252  

Seah Besteel Corp.

     62,947        863,045  

Ssangyong Cement Industrial Co., Ltd.(a)

     320,578        1,637,530  

Woongjin Coway Co., Ltd.

     84,870        6,002,593  
     

 

 

 
Total South Korea               22,685,861  
Taiwan – 25.8%      

Accton Technology Corp.

     1,035,000      5,454,480  

Alpha Networks, Inc.*(a)

     1,007,000        762,768  

Asustek Computer, Inc.

     1,809,000        12,040,758  

Aten International Co., Ltd.

     329,000        910,928  

AU Optronics Corp.(a)

     44,668,000        11,316,556  

Cathay Financial Holding Co., Ltd.

     8,659,000        11,415,272  

Chang Wah Electromaterials, Inc.

     89,000        457,558  

Charoen Pokphand Enterprise

     600,000        1,208,722  

Cheng Shin Rubber Industry Co., Ltd.(a)

     3,362,000        4,963,161  

Chicony Electronics Co., Ltd.

     2,006,386        5,910,931  

Chicony Power Technology Co., Ltd.(a)

     588,045        1,061,436  

Chin-Poon Industrial Co., Ltd.

     942,000        960,992  

China Development Financial Holding Corp.

     16,117,000        4,800,112  

China General Plastics Corp.(a)

     893,912        571,940  

Chong Hong Construction Co., Ltd.(a)

     456,000        1,168,496  

Chung-Hsin Electric & Machinery Manufacturing Corp.

     758,000        493,533  

Chunghwa Telecom Co., Ltd.(a)

     6,739,000        24,110,912  

Cleanaway Co., Ltd.

     386,000        1,897,371  

Compal Electronics, Inc.

     8,968,000        5,174,208  

Compeq Manufacturing Co., Ltd.

     5,000        5,600  

Continental Holdings Corp.

     1,838,000        844,220  

CTBC Financial Holding Co., Ltd.

     20,874,000        13,860,156  

CTCI Corp.

     1,900,000        2,553,788  

Da-Li Development Co., Ltd.

     499,878        431,811  

Elite Advanced Laser Corp.(a)

     281,500        499,948  

Elite Material Co., Ltd.(a)

     820,000        3,317,056  

Elite Semiconductor Memory Technology, Inc.

     833,000        884,699  

Everlight Electronics Co., Ltd.

     1,581,000        1,419,228  

Far Eastern Department Stores Ltd.(a)

     2,948,000        2,271,018  

Far EasTone Telecommunications Co., Ltd.(a)

     2,534,000        5,921,610  

Faraday Technology Corp.

     623,000        1,160,676  

Feng Hsin Steel Co., Ltd.

     119,000        197,154  

First Financial Holding Co., Ltd.

     9,067,830        6,371,696  

FLEXium Interconnect, Inc.(a)

     550,000        1,673,516  

Formosa Chemicals & Fibre Corp.

     9,218,000        25,760,306  

Formosa International Hotels Corp.

     40,000        203,710  

Formosa Petrochemical Corp.

     3,350,000        10,603,555  

Formosa Plastics Corp.

     9,465,000        28,830,199  

Foxsemicon Integrated Technology, Inc.

     138,000        513,755  

Fubon Financial Holding Co., Ltd.

     7,209,000        10,351,849  

Getac Technology Corp.

     1,191,000        1,794,686  

Gigabyte Technology Co., Ltd.(a)

     1,957,000        3,131,881  

Global PMX Co., Ltd.

     141,000        681,719  

Great Wall Enterprise Co., Ltd.

     1,592,857        1,935,590  

Greatek Electronics, Inc.

     1,298,000        1,796,938  

HannStar Display Corp.(a)

     8,120,000        1,675,063  

Highwealth Construction Corp.(a)

     2,075,000        3,337,443  

Hotai Motor Co., Ltd.(a)

     795,000        12,082,145  

Huaku Development Co., Ltd.(a)

     516,000        1,330,561  

IBF Financial Holdings Co., Ltd.(a)

     4,495,510        1,550,451  

Innolux Corp.(a)

     30,740,000        6,539,477  

Inventec Corp.(a)

     8,697,000        5,998,994  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2019

 

 

 

Investments    Shares      Value  

ITEQ Corp.(a)

     680,000      $ 3,309,642  

KEE TAI Properties Co., Ltd.

     862,000        327,857  

Kenda Rubber Industrial Co., Ltd.

     1,171,543        1,189,499  

King Yuan Electronics Co., Ltd.

     2,831,000        3,180,079  

King’s Town Bank Co., Ltd.

     1,475,000        1,466,704  

Kinik Co.

     303,000        596,732  

Kung Long Batteries Industrial Co., Ltd.

     162,000        757,144  

L&K Engineering Co., Ltd.(a)

     349,000        280,104  

Lealea Enterprise Co., Ltd.

     1,380,000        409,225  

Lelon Electronics Corp.

     145,000        196,296  

Lien Hwa Industrial Holdings Corp.

     1,716,053        1,864,043  

Lion Travel Service Co., Ltd.

     134,000        328,257  

Lite-On Semiconductor Corp.

     670,000        888,669  

Marketech International Corp.(a)

     286,000        460,926  

Mega Financial Holding Co., Ltd.

     12,016,302        11,135,351  

Merry Electronics Co., Ltd.(a)

     776,275        3,803,246  

Micro-Star International Co., Ltd.

     1,591,000        4,630,769  

momo.com, Inc.

     73,000        615,304  

Namchow Holdings Co., Ltd.

     881,000        1,428,365  

Nan Ya Plastics Corp.(a)

     14,910,000        33,496,978  

Nanya Technology Corp.(a)

     3,013,000        7,817,902  

Nien Made Enterprise Co., Ltd.(a)

     334,000        2,928,266  

Novatek Microelectronics Corp.(a)

     1,191,000        6,833,245  

Nuvoton Technology Corp.(a)

     189,000        296,069  

Oriental Union Chemical Corp.(a)

     1,546,000        1,098,786  

Pegatron Corp.(a)

     6,237,000        10,855,872  

Pou Chen Corp.

     6,216,000        7,964,222  

Powertech Technology, Inc.

     1,892,000        5,317,810  

President Chain Store Corp.

     1,701,000        15,900,015  

Primax Electronics Ltd.(a)

     1,242,000        2,365,943  

Qisda Corp.

     4,580,000        3,122,274  

Quanta Computer, Inc.(a)

     7,532,990        13,742,920  

Radiant Opto-Electronics Corp.(a)

     1,432,170        5,470,262  

Rechi Precision Co., Ltd.

     1,141,000        853,235  

Ruentex Industries Ltd.*

     1,181,600        2,547,955  

Sanyang Motor Co., Ltd.

     1,595,000        1,079,631  

Sercomm Corp.(a)

     682,000        1,736,628  

Shinkong Insurance Co., Ltd.

     423,000        509,926  

Sigurd Microelectronics Corp.

     675,000        720,157  

Sinbon Electronics Co., Ltd.

     427,000        1,658,480  

Sinon Corp.

     3,417,000        2,043,074  

SinoPac Financial Holdings Co., Ltd.

     11,058,440        4,312,950  

Sitronix Technology Corp.

     353,000        1,894,454  

Sunonwealth Electric Machine Industry Co., Ltd.

     508,000        617,306  

Supreme Electronics Co., Ltd.

     1,779,000        1,662,912  

Synnex Technology International Corp.

     3,551,000        4,154,823  

Systex Corp.

     285,000        670,599  

Taichung Commercial Bank Co., Ltd.

     1,010,035        385,789  

Taiflex Scientific Co., Ltd.

     731,000        1,002,564  

Taiwan Cogeneration Corp.

     672,000        634,647  

Taiwan Cooperative Financial Holding Co., Ltd.

     9,409,969        6,217,807  

Taiwan Hon Chuan Enterprise Co., Ltd.

     1,282,000        2,285,117  

Taiwan Mobile Co., Ltd.

     2,995,253      10,813,013  

Taiwan Paiho Ltd.(a)

     541,000        1,349,688  

Taiwan PCB Techvest Co., Ltd.

     836,000        967,377  

Taiyen Biotech Co., Ltd.

     886,000        929,565  

Thinking Electronic Industrial Co., Ltd.

     81,000        212,783  

Tong Hsing Electronic Industries Ltd.(a)

     366,000        1,486,438  

Tong Yang Industry Co., Ltd.

     796,000        1,203,320  

Topco Scientific Co., Ltd.

     445,435        1,371,144  

Transcend Information, Inc.

     770,000        1,598,350  

Tripod Technology Corp.

     1,337,000        4,805,090  

TXC Corp.

     983,000        1,234,117  

TYC Brother Industrial Co., Ltd.

     592,000        597,257  

Uni-President Enterprises Corp.

     14,994,000        36,150,500  

United Microelectronics Corp.(a)

     23,763,000        10,263,637  

UPC Technology Corp.

     3,610,052        1,233,430  

Walsin Lihwa Corp.(a)

     6,156,000        2,877,146  

Weikeng Industrial Co., Ltd.

     746,273        437,789  

Winbond Electronics Corp.

     8,949,000        5,148,823  

Wistron Corp.

     7,087,561        5,722,684  

Wistron NeWeb Corp.(a)

     619,840        1,630,290  

Wowprime Corp.

     103,000        256,633  

WPG Holdings Ltd.

     4,290,280        5,282,557  

YFY, Inc.

     4,938,000        1,854,267  

Zeng Hsing Industrial Co., Ltd.

     98,000        418,540  
     

 

 

 
Total Taiwan               541,121,900  
Thailand – 2.5%      

AP Thailand PCL NVDR

     6,421,200        1,417,136  

Bangchak Corp. PCL NVDR(a)

     1,798,800        1,602,658  

Bangkok Land PCL NVDR

     29,000,000        1,393,820  

Big Camera Corp. PCL NVDR(a)

     12,746,841        316,743  

BTS Group Holdings PCL NVDR(a)

     7,898,543        3,460,535  

Esso Thailand PCL NVDR(a)

     3,861,200        1,016,271  

Hana Microelectronics PCL NVDR

     1,579,800        1,459,191  

IRPC PCL NVDR(a)

     12,556,800        1,510,839  

Jasmine International PCL NVDR(a)

     11,825,900        2,474,604  

KGI Securities Thailand PCL NVDR

     13,764,600        2,025,199  

LPN Development PCL NVDR(a)

     5,792,800        1,070,110  

Major Cineplex Group PCL NVDR

     2,323,100        1,815,337  

Pruksa Holding PCL NVDR(a)

     2,914,900        1,591,592  

PTT Global Chemical PCL NVDR(a)

     2,598,034        4,565,778  

Quality Houses PCL NVDR(a)

     15,138,300        1,306,690  

Ratch Group PCL NVDR

     591,400        1,382,544  

Sansiri PCL NVDR

     34,957,000        1,371,535  

Siam Cement PCL (The) NVDR

     207,100        2,762,688  

Siam Commercial Bank PCL (The) NVDR

     672,400        2,594,187  

Siamgas & Petrochemicals PCL NVDR(a)

     4,925,600        1,457,469  

Somboon Advance Technology PCL NVDR

     1,445,800        794,162  

SPCG PCL NVDR

     3,004,700        2,023,764  

Star Petroleum Refining PCL NVDR(a)

     3,251,738        988,758  

Thai Oil PCL NVDR(a)

     1,209,500        2,758,301  

Thai Vegetable Oil PCL NVDR

     2,098,497        1,783,911  

Thanachart Capital PCL NVDR

     1,174,700        2,189,240  

Tisco Financial Group PCL NVDR

     673,200        2,256,106  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2019

 

 

 

Investments    Shares      Value  

TPI Polene Power PCL NVDR

     9,560,100      $ 1,494,107  

TTW PCL NVDR

     4,754,277        2,129,593  
     

 

 

 
Total Thailand               53,012,868  
Turkey – 1.5%      

Aksa Akrilik Kimya Sanayii AS

     388,124        670,187  

Aygaz AS

     328,292        683,154  

Borusan Mannesmann Boru Sanayi ve Ticaret AS

     348,664        582,908  

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     6,119,133        1,506,348  

Eregli Demir ve Celik Fabrikalari T.A.S.

     3,649,421        4,427,262  

Ford Otomotiv Sanayi AS

     127,004        1,336,056  

Iskenderun Demir ve Celik AS

     855,859        932,176  

Tofas Turk Otomobil Fabrikasi AS

     300,065        1,077,715  

Tupras Turkiye Petrol Rafinerileri AS

     452,107        11,489,835  

Turkcell Iletisim Hizmetleri AS

     3,841,052        8,850,099  

Vestel Beyaz Esya Sanayi ve Ticaret AS

     89,812        241,132  
     

 

 

 
Total Turkey               31,796,872  

TOTAL COMMON STOCKS

(Cost: $2,091,908,974)

              2,084,196,082  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      
WisdomTree Global High Dividend Fund(c) (Cost: $2,249,525)      48,750        2,242,636  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%

 

United States – 1.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(d)

 

  
(Cost: $24,594,727)(e)      24,594,727      24,594,727  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $2,118,753,226)

 

 

     2,111,033,445  

Other Assets less Liabilities – (0.6)%

        (12,954,690
     

 

 

 
NET ASSETS – 100.0%             $ 2,098,078,755  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(e) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $180,008,229 and the total market value of the collateral held by the Fund was $205,235,079. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $180,640,352.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

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

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/1/2019       63,326       USD       75,928,456       KRW     $     $ (151

Bank of America N.A.

    10/1/2019       133,013       USD       4,128,448       TWD             (58

Bank of America N.A.

    10/1/2019       124,688       USD       3,870,693       TWD             (74

Bank of America N.A.

    10/2/2019       71,415       USD       85,711,715       KRW             (242

Merrill Lynch International

    10/1/2019       1,180       USD       4,941       MYR             (1

Merrill Lynch International

    10/1/2019       143,130       USD       4,386,943       THB             (304

Merrill Lynch International

    10/2/2019       3,953       USD       16,554       MYR             (1

State Street Bank and Trust

    10/1/2019       386,418       USD       20,145,150       PHP             (2,259
                                            $     $ (3,090

 

CURRENCY LEGEND
KRW   South Korean won
MYR   Malaysian ringgit
PHP   Philippine peso
THB   Thai baht
TWD   New Taiwan dollar
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
Brazil – 9.6%      

Ambev S.A.

     21,000      $ 97,049  

Banco Bradesco S.A. (Preference Shares)

     17,400        141,693  

Banco do Brasil S.A.

     11,700        127,775  

Centrais Eletricas Brasileiras S.A.

     2,700        26,025  

Cia de Saneamento Basico do Estado de Sao Paulo

     3,200        38,104  

Cia Energetica de Minas Gerais (Preference Shares)

     12,700        43,691  

Cia Siderurgica Nacional S.A.

     14,800        47,007  

Engie Brasil Energia S.A.

     7,100        75,664  

Equatorial Energia S.A.

     3,500        84,269  

IRB Brasil Resseguros S.A.

     19,461        175,950  

Itau Unibanco Holding S.A. (Preference Shares)

     18,400        154,739  

Itausa – Investimentos Itau S.A. (Preference Shares)

     49,457        156,490  

JBS S.A.

     10,600        83,443  

Magazine Luiza S.A.

     15,600        138,720  

Natura Cosmeticos S.A.

     9,400        76,411  

Petrobras Distribuidora S.A.

     22,000        145,403  

Porto Seguro S.A.

     12,500        176,724  

Sul America S.A.

     14,731        168,727  

Telefonica Brasil S.A. (Preference Shares)

     13,557        178,812  

TIM Participacoes S.A.

     57,565        164,594  
     

 

 

 
Total Brazil               2,301,290  
China – 27.0%      

Anhui Conch Cement Co., Ltd. Class H

     25,000        148,449  

Bank of Communications Co., Ltd. Class H

     376,000        245,570  

Bank of Hangzhou Co., Ltd. Class A

     95,600        113,165  

Bank of Nanjing Co., Ltd. Class A

     93,700        112,754  

Beijing Capital International Airport Co., Ltd. Class H

     178,000        151,902  

Beijing Enterprises Holdings Ltd.

     32,000        147,154  

CGN Power Co., Ltd. Class H(a)

     605,000        152,805  

China Aoyuan Group Ltd.

     100,000        113,274  

China Coal Energy Co., Ltd. Class H

     742,000        301,934  

China Construction Bank Corp. Class H

     333,000        254,017  

China Mobile Ltd.

     30,300        250,651  

China National Building Material Co., Ltd. Class H

     144,000        129,316  

China Oriental Group Co., Ltd.

     318,000        109,929  

China Resources Cement Holdings Ltd.

     144,000        144,378  

China Resources Gas Group Ltd.

     24,000        118,632  

China Resources Power Holdings Co., Ltd.

     106,000        128,589  

China Shenhua Energy Co., Ltd. Class H

     141,000        283,101  

China Telecom Corp., Ltd. Class H

     567,200        258,298  

China Unicom Hong Kong Ltd.

     236,300        250,787  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     455,000        242,027  

Country Garden Services Holdings Co., Ltd.

     40,000        115,315  

Dali Foods Group Co., Ltd.(a)

     268,500        164,743  

Daqin Railway Co., Ltd. Class A

     48,700        51,781  

ENN Energy Holdings Ltd.

     10,900        112,762  

Guangdong Investment Ltd.

     72,000        140,888  

Huadian Power International Corp., Ltd. Class H

     316,000        120,121  

Huaneng Power International, Inc. Class H

     270,000        129,844  

Huaneng Renewables Corp., Ltd. Class H

     352,000        119,887  

Jiangsu Expressway Co., Ltd. Class H

     140,000        177,871  

Kunlun Energy Co., Ltd.

     158,000        136,044  

Li Ning Co., Ltd.

     67,100      192,585  

Longfor Group Holdings Ltd.(a)

     41,000        153,239  

Maanshan Iron & Steel Co., Ltd. Class H

     400,000        150,522  

Shanghai 2345 Network Holding Group Co., Ltd. Class A

     157,000        72,799  

Shanghai Pudong Development Bank Co., Ltd. Class A

     69,100        114,612  

Shui On Land Ltd.

     833,500        165,862  

Tingyi Cayman Islands Holding Corp.

     88,000        123,928  

Uni-President China Holdings Ltd.

     119,000        128,421  

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd. Class A

     20,400        51,526  

Xiamen C & D, Inc. Class A

     24,700        30,103  

Yuexiu Property Co., Ltd.

     752,700        163,225  

Zhongsheng Group Holdings Ltd.

     60,000        189,428  
     

 

 

 
Total China               6,462,238  
Czech Republic – 0.6%      

Moneta Money Bank AS(a)

     44,501        137,092  
Hungary – 0.8%      

MOL Hungarian Oil & Gas PLC

     19,658        184,903  
India – 9.7%      

Bajaj Auto Ltd.

     3,195        132,626  

Bharti Infratel Ltd.

     29,011        105,329  

Coal India Ltd.

     65,161        183,754  

Container Corp. of India Ltd.

     6,711        57,267  

Dabur India Ltd.

     7,471        47,149  

Dr. Reddy’s Laboratories Ltd.

     911        34,737  

Dr. Reddy’s Laboratories Ltd. ADR

     828        31,373  

GAIL India Ltd.

     12,231        23,213  

Godrej Consumer Products Ltd.

     5,467        53,020  

HCL Technologies Ltd.

     10,792        164,555  

Hindustan Unilever Ltd.

     2,598        72,657  

ICICI Lombard General Insurance Co., Ltd.(a)

     6,530        111,478  

Infosys Ltd.

     2,218        25,215  

Infosys Ltd. ADR

     12,605        143,319  

Mahindra & Mahindra Financial Services Ltd.

     16,128        74,645  

Marico Ltd.

     11,315        62,946  

Nestle India Ltd.

     349        68,401  

Petronet LNG Ltd.

     48,529        177,972  

Pidilite Industries Ltd.

     2,575        52,458  

Power Grid Corp. of India Ltd.

     13,879        38,982  

Shriram Transport Finance Co., Ltd.

     5,567        84,131  

Tata Consultancy Services Ltd.

     5,548        164,345  

Tata Steel Ltd.

     5,047        25,673  

Tech Mahindra Ltd.

     17,532        176,758  

United Spirits Ltd.*

     3,740        35,200  

Wipro Ltd.

     26,425        89,415  

Wipro Ltd. ADR

     20,500        74,825  
     

 

 

 
Total India               2,311,443  
Indonesia – 2.4%      

Adaro Energy Tbk PT

     1,367,300        124,256  

Bank Negara Indonesia Persero Tbk PT

     197,200        102,108  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

September 30, 2019

 

 

 

Investments    Shares      Value  

Gudang Garam Tbk PT

     10,600      $ 39,111  

Hanjaya Mandala Sampoerna Tbk PT

     187,400        30,232  

Indofood CBP Sukses Makmur Tbk PT

     71,300        60,400  

Indofood Sukses Makmur Tbk PT

     61,700        33,469  

Perusahaan Gas Negara Tbk PT

     177,000        26,185  

Telekomunikasi Indonesia Persero Tbk PT

     384,000        116,593  

Unilever Indonesia Tbk PT

     14,400        47,172  
     

 

 

 
Total Indonesia               579,526  
Malaysia – 3.7%      

AMMB Holdings Bhd

     122,300        120,927  

British American Tobacco Malaysia Bhd

     5,500        24,879  

Fraser & Neave Holdings Bhd

     6,700        55,847  

Genting Malaysia Bhd

     94,100        68,097  

Malaysia Airports Holdings Bhd

     22,700        46,896  

MISC Bhd

     27,600        51,416  

Nestle Malaysia Bhd

     1,800        62,637  

Petronas Chemicals Group Bhd

     32,500        58,526  

Petronas Dagangan Bhd

     32,900        185,441  

Petronas Gas Bhd

     8,000        31,297  

RHB Bank Bhd

     99,200        133,625  

Westports Holdings Bhd

     49,700        49,024  
     

 

 

 
Total Malaysia               888,612  
Mexico – 4.1%      

Alfa S.A.B. de C.V. Class A

     60,636        53,222  

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

     186,161        138,037  

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

     15,100        81,580  

Coca-Cola Femsa S.A.B. de C.V. UNIT

     13,400        81,503  

El Puerto de Liverpool S.A.B. de C.V. Class C1

     23,200        127,057  

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

     9,100        83,446  

Gruma S.A.B. de C.V. Class B

     8,473        86,661  

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

     35,220        64,200  

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

     35,400        71,055  

Megacable Holdings S.A.B. de C.V. Series CPO

     35,355        142,305  

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

     19,700        58,350  
     

 

 

 
Total Mexico               987,416  
Philippines – 3.3%      

Aboitiz Power Corp.

     38,600        28,561  

Ayala Corp.

     3,780        64,507  

BDO Unibank, Inc.

     41,210        113,699  

Globe Telecom, Inc.

     3,050        107,688  

International Container Terminal Services, Inc.

     16,010        37,191  

Manila Electric Co.

     5,870        41,904  

Megaworld Corp.

     407,900        34,392  

Metro Pacific Investments Corp.

     1,137,000        109,247  

Metropolitan Bank & Trust Co.

     90,210        119,050  

PLDT, Inc.

     4,745        103,634  

Robinsons Land Corp.

     61,400        29,024  
     

 

 

 
Total Philippines               788,897  
Poland – 1.5%      

Cyfrowy Polsat S.A.

     17,335        114,237  

Powszechna Kasa Oszczednosci Bank Polski S.A.

     11,594        113,709  

Powszechny Zaklad Ubezpieczen S.A.

     13,981        130,354  
     

 

 

 
Total Poland               358,300  
Russia – 5.9%      

Gazprom PJSC ADR

     27,167      187,561  

Lukoil PJSC ADR

     2,636        218,103  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     10,460        81,065  

MMC Norilsk Nickel PJSC ADR

     3,688        94,413  

Novolipetsk Steel PJSC GDR Reg S

     4,042        87,792  

PhosAgro PJSC GDR Reg S

     7,603        97,090  

Polyus PJSC GDR Reg S

     1,577        91,072  

Rosneft Oil Co. PJSC GDR Reg S

     33,109        212,427  

Sberbank of Russia PJSC ADR

     9,079        128,695  

VTB Bank PJSC GDR Reg S

     113,953        147,569  

X5 Retail Group N.V. GDR Reg S

     1,764        61,705  
     

 

 

 
Total Russia               1,407,492  
Singapore – 0.7%      

BOC Aviation Ltd.(a)

     19,200        177,197  
South Africa – 0.7%      

Anglo American Platinum Ltd.

     418        25,170  

AngloGold Ashanti Ltd.

     1,189        22,278  

Gold Fields Ltd.

     4,812        24,158  

MTN Group Ltd.

     9,520        60,463  

Pick n Pay Stores Ltd.

     8,714        34,218  
     

 

 

 
Total South Africa               166,287  
South Korea – 6.7%      

BGF Retail Co., Ltd.

     329        54,185  

Cheil Worldwide, Inc.

     6,843        141,877  

Doosan Bobcat, Inc.

     2,323        68,749  

Fila Korea Ltd.

     1,861        90,082  

HDC Hyundai Development Co-Engineering & Construction

     1,103        30,292  

Hyundai Glovis Co., Ltd.

     375        48,907  

Kangwon Land, Inc.

     6,221        153,685  

Kia Motors Corp.

     3,667        139,795  

Korea Zinc Co., Ltd.

     202        75,656  

KT&G Corp.

     1,124        99,136  

LG Uplus Corp.

     12,902        147,233  

NCSoft Corp.

     290        126,314  

S-1 Corp.

     1,122        92,019  

Samsung Engineering Co., Ltd.*

     3,913        54,958  

SK Telecom Co., Ltd.

     818        165,152  

Woongjin Coway Co., Ltd.

     1,545        109,273  
     

 

 

 
Total South Korea               1,597,313  
Taiwan – 12.5%      

Advantech Co., Ltd.

     19,000        167,190  

Asia Cement Corp.

     39,000        54,431  

Chailease Holding Co., Ltd.

     27,870        112,290  

Chicony Electronics Co., Ltd.

     59,000        173,818  

Chunghwa Telecom Co., Ltd.

     39,000        139,535  

Eclat Textile Co., Ltd.

     9,000        120,679  

Eva Airways Corp.

     166,713        73,350  

Feng TAY Enterprise Co., Ltd.

     14,200        101,839  

Giant Manufacturing Co., Ltd.

     13,000        88,414  

Lite-On Technology Corp.

     110,000        174,797  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

September 30, 2019

 

 

 

Investments    Shares      Value  

Nanya Technology Corp.

     46,000      $ 119,357  

Pou Chen Corp.

     106,000        135,812  

Powertech Technology, Inc.

     56,000        157,398  

Realtek Semiconductor Corp.

     16,000        118,616  

Shanghai Commercial & Savings Bank Ltd. (The)

     69,000        115,873  

Standard Foods Corp.

     37,000        74,061  

Synnex Technology International Corp.

     146,000        170,826  

Taiwan Business Bank

     345,650        142,050  

Taiwan Cement Corp.

     48,557        62,057  

Taiwan High Speed Rail Corp.

     52,000        59,166  

Taiwan Mobile Co., Ltd.

     40,000        144,402  

Uni-President Enterprises Corp.

     26,000        62,686  

Wistron Corp.

     203,000        163,908  

Yuanta Financial Holding Co., Ltd.

     229,000        136,553  

Zhen Ding Technology Holding Ltd.

     34,000        121,646  
     

 

 

 
Total Taiwan               2,990,754  
Thailand – 7.8%      

Advanced Info Service PCL NVDR

     19,100        137,388  

Airports of Thailand PCL NVDR

     27,800        67,943  

Bangkok Bank PCL NVDR

     25,400        144,087  

Bangkok Dusit Medical Services PCL NVDR

     93,100        73,664  

Berli Jucker PCL NVDR

     32,300        55,708  

Charoen Pokphand Foods PCL NVDR

     79,400        68,146  

CP ALL PCL NVDR

     25,600        68,007  

Electricity Generating PCL NVDR

     4,100        48,125  

Home Product Center PCL NVDR

     241,500        135,022  

Kasikornbank PCL NVDR

     28,500        145,831  

Krung Thai Bank PCL NVDR

     263,000        147,903  

Muangthai Capital PCL NVDR

     50,800        94,674  

PTT Exploration & Production PCL NVDR

     44,700        176,842  

Ratch Group PCL NVDR

     17,600        41,144  

Robinson PCL NVDR

     60,500        126,103  

Siam Commercial Bank PCL (The) NVDR

     36,700        141,592  

Thai Union Group PCL NVDR

     120,700      65,905  

TMB Bank PCL NVDR

     2,661,100        136,601  
     

 

 

 
Total Thailand               1,874,685  
Turkey – 2.7%      

BIM Birlesik Magazalar AS

     8,555        74,422  

Eregli Demir ve Celik Fabrikalari T.A.S.

     43,391        52,639  

KOC Holding AS

     22,284        74,629  

TAV Havalimanlari Holding AS

     12,377        51,731  

Turk Hava Yollari AO*

     19,140        41,965  

Turkcell Iletisim Hizmetleri AS

     51,783        119,312  

Turkiye Garanti Bankasi AS*

     62,656        113,294  

Turkiye Is Bankasi AS Group C*

     105,223        116,842  
     

 

 

 
Total Turkey

 

     644,834  

TOTAL COMMON STOCKS

(Cost: $24,032,264)

              23,858,279  
RIGHTS – 0.0%      
Thailand – 0.0%      

TMB Bank PCL, expiring 11/26/19*

     
(Cost: $0)      1,842,187        10,239  

TOTAL INVESTMENTS IN SECURITIES – 99.7%

(Cost: $24,032,264)

        23,868,518  

Other Assets less Liabilities – 0.3%

        62,613  
     

 

 

 
NET ASSETS – 100.0%             $ 23,931,131  
* 

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.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

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

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to be
Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/9/2019       142,587       BRL       34,153       USD     $ 62     $  

Citibank N.A.

    10/1/2019       609       PLN       152       USD       0 *       

Citibank N.A.

    10/9/2019       2,295,817       USD       9,605,238       BRL             (9,008

Morgan Stanley & Co. International

    10/3/2019       2,088       USD       16,369       HKD       0 *       

Morgan Stanley & Co. International

    10/9/2019       141,923       USD       3,327,024       CZK       1,414        

Morgan Stanley & Co. International

    10/9/2019       200,305       USD       60,065,761       HUF       4,735        

State Street Bank and Trust

    10/2/2019       1,559       USD       6,478       BRL       3        
                                            $ 6,214     $ (9,008
* 

Amount represents less than $1.

 

CURRENCY LEGEND
BRL   Brazilian real
CZK   Czech koruna
HKD   Hong Kong dollar
HUF   Hungary forint
PLN   Polish zloty
USD   U.S. dollar

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
Brazil – 4.9%      

Banco do Brasil S.A.

     18,871      $ 206,089  

Banco Santander Brasil S.A.

     18,453        200,815  

Bradespar S.A. (Preference Shares)

     16,432        124,500  

Braskem S.A. Class A, (Preference Shares)*

     11,398        88,986  

Itau Unibanco Holding S.A. (Preference Shares)

     51,870        436,214  

Lojas Renner S.A.

     26,859        325,437  

Magazine Luiza S.A.

     41,852        372,161  

Multiplan Empreendimentos Imobiliarios S.A.

     35,520        246,015  

Odontoprev S.A.

     51,665        200,438  

Porto Seguro S.A.

     13,675        193,336  

Raia Drogasil S.A.

     11,888        273,441  

Sao Martinho S.A.

     36,331        165,284  

SLC Agricola S.A.

     33,214        142,651  

YDUQS Part

     32,486        281,388  
     

 

 

 
Total Brazil

 

     3,256,755  
Chile – 1.5%

 

Cia Cervecerias Unidas S.A.

     16,932        189,387  

Colbun S.A.

     852,941        154,037  

Embotelladora Andina S.A. Class B, (Preference Shares)

     52,040        174,371  

Empresas CMPC S.A.

     41,839        97,443  

Latam Airlines Group S.A.

     21,297        235,722  

SONDA S.A.

     116,813        142,767  
     

 

 

 
Total Chile

 

     993,727  
China – 33.3%

 

AAC Technologies Holdings, Inc.

     31,500        166,754  

Agile Group Holdings Ltd.

     168,000        204,016  

Agricultural Bank of China Ltd. Class H

     576,000        225,568  

Air China Ltd. Class H

     226,000        198,918  

Anhui Conch Cement Co., Ltd. Class A

     25,600        148,255  

Anhui Conch Cement Co., Ltd. Class H

     32,000        190,015  

ANTA Sports Products Ltd.

     61,000        504,611  

Anxin Trust Co., Ltd. Class A*

     162,100        106,955  

BAIC Motor Corp., Ltd. Class H(a)

     350,500        216,397  

Bank of China Ltd. Class H

     996,000        391,316  

Beijing Capital International Airport Co., Ltd. Class H

     194,000        165,556  

BYD Electronic International Co., Ltd.(b)

     157,500        235,866  

China Cinda Asset Management Co., Ltd. Class H

     825,000        162,066  

China CITIC Bank Corp., Ltd. Class H

     346,000        184,489  

China Gas Holdings Ltd.

     77,400        299,158  

China International Travel Service Corp., Ltd. Class A

     16,800        219,014  

China Jinmao Holdings Group Ltd.

     496,000        284,083  

China Longyuan Power Group Corp., Ltd. Class H

     259,000        145,368  

China Medical System Holdings Ltd.

     197,000        234,207  

China Mobile Ltd.

     68,500        566,654  

China National Building Material Co., Ltd. Class H

     188,000        168,829  

China Petroleum & Chemical Corp. Class H

     456,000        271,062  

China Railway Construction Corp., Ltd. Class H

     160,000        174,911  

China Resources Beer Holdings Co., Ltd.

     68,000        360,410  

China Resources Cement Holdings Ltd.

     154,000        154,405  

China Resources Gas Group Ltd.

     52,000        257,035  

China Shenhua Energy Co., Ltd. Class H

     117,500      235,917  

China Southern Airlines Co., Ltd. Class H(b)

     332,000        201,163  

China Yangtze Power Co., Ltd. Class A

     60,300        153,994  

China ZhengTong Auto Services Holdings Ltd.(b)

     322,500        92,973  

Country Garden Holdings Co., Ltd.

     261,000        330,603  

CRRC Corp., Ltd. Class H

     226,000        157,693  

CSPC Pharmaceutical Group Ltd.

     162,000        325,265  

Dongyue Group Ltd.

     231,000        108,142  

Fufeng Group Ltd.*(b)

     299,000        136,925  

Future Land Development Holdings Ltd.*(b)

     368,000        321,086  

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

     61,600        170,906  

Ganfeng Lithium Co., Ltd. Class A

     28,000        88,490  

Geely Automobile Holdings Ltd.(b)

     169,000        286,718  

Gree Electric Appliances, Inc. of Zhuhai Class A

     22,200        178,200  

Greenland Holdings Corp., Ltd. Class A

     130,600        129,166  

Greentown Service Group Co., Ltd.(b)

     282,000        276,985  

Guangzhou Automobile Group Co., Ltd. Class H

     222,400        212,771  

Haier Electronics Group Co., Ltd.

     98,000        255,645  

Haitian International Holdings Ltd.

     108,000        221,252  

Hangzhou Hikvision Digital Technology Co., Ltd. Class A

     45,400        205,427  

Hangzhou Robam Appliances Co., Ltd. Class A

     32,200        118,634  

Huadong Medicine Co., Ltd. Class A

     21,440        78,691  

Huaneng Renewables Corp., Ltd. Class H

     736,000        250,672  

Inner Mongolia Yili Industrial Group Co., Ltd. Class A

     33,900        135,440  

Jiangsu Expressway Co., Ltd. Class H

     156,000        198,199  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     19,800        223,785  

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A

     7,600        110,725  

Jinke Properties Group Co., Ltd. Class A

     135,200        124,245  

Kingboard Holdings Ltd.

     73,500        194,546  

Kingboard Laminates Holdings Ltd.

     220,500        198,859  

Kunlun Energy Co., Ltd.

     196,000        168,763  

Kweichow Moutai Co., Ltd. Class A

     3,200        515,522  

Lee & Man Paper Manufacturing Ltd.

     192,000        103,845  

Logan Property Holdings Co., Ltd.

     252,000        358,742  

Longfor Group Holdings Ltd.(a)

     108,500        405,522  

LONGi Green Energy Technology Co., Ltd. Class A

     68,900        253,173  

New China Life Insurance Co., Ltd. Class H

     42,500        168,061  

Nexteer Automotive Group Ltd.

     159,000        131,226  

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

     27,200        331,655  

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

     69,000        792,593  

RiseSun Real Estate Development Co., Ltd. Class A

     108,500        125,852  

Shanghai 2345 Network Holding Group Co., Ltd. Class A

     212,160        98,376  

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A

     19,100        206,856  

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A

     157,200        88,968  

Shenzhou International Group Holdings Ltd.

     28,100        367,048  

Sihuan Pharmaceutical Holdings Group Ltd.

     966,000        146,636  

Silergy Corp.

     16,000        396,590  

Sinopec Shanghai Petrochemical Co., Ltd. Class A

     107,700        62,915  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     400,000        116,335  

SSY Group Ltd.

     226,000        178,738  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

September 30, 2019

 

 

 

Investments    Shares      Value  

Sunac China Holdings Ltd.

     100,000      $ 401,816  

Sunny Optical Technology Group Co., Ltd.

     25,400        373,253  

Tencent Holdings Ltd.

     58,500        2,464,053  

Uni-President China Holdings Ltd.

     237,000        255,762  

Weichai Power Co., Ltd. Class A

     93,500        146,962  

Weichai Power Co., Ltd. Class H

     246,000        354,593  

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd. Class A

     73,200        184,887  

Xinyi Solar Holdings Ltd.

     600,612        360,088  

Zhejiang Dahua Technology Co., Ltd. Class A

     54,800        132,578  

Zhongsheng Group Holdings Ltd.

     117,500        370,963  
     

 

 

 
Total China

 

     22,021,406  
Hong Kong – 0.3%

 

China Water Affairs Group Ltd.(b)

     226,000        175,567  
Hungary – 0.3%

 

MOL Hungarian Oil & Gas PLC

     21,642        203,565  
India – 12.7%

 

Adani Ports & Special Economic Zone Ltd.

     43,369        253,322  

AIA Engineering Ltd.

     9,371        235,905  

Asian Paints Ltd.

     9,184        228,360  

Aurobindo Pharma Ltd.

     18,782        156,100  

Bajaj Auto Ltd.

     6,105        253,422  

Balkrishna Industries Ltd.

     15,014        164,453  

Bharat Forge Ltd.

     24,899        156,820  

Britannia Industries Ltd.

     5,064        210,377  

Container Corp. of India Ltd.

     26,242        223,933  

Eicher Motors Ltd.

     745        186,755  

GAIL India Ltd.

     92,702        175,937  

Godrej Consumer Products Ltd.

     26,474        256,750  

Hindustan Unilever Ltd.

     13,090        366,081  

Info Edge India Ltd.

     11,427        325,893  

Infosys Ltd.

     53,287        605,777  

InterGlobe Aviation Ltd.(a)

     15,321        408,520  

JSW Steel Ltd.

     40,039        129,916  

Larsen & Toubro Infotech Ltd.(a)

     8,696        185,439  

Marico Ltd.

     44,643        248,353  

Maruti Suzuki India Ltd.

     3,172        300,591  

Motherson Sumi Systems Ltd.

     83,067        123,014  

Mphasis Ltd.

     12,892        174,091  

Natco Pharma Ltd.

     22,069        181,223  

Nestle India Ltd.

     1,827        358,076  

Page Industries Ltd.

     634        201,447  

Petronet LNG Ltd.

     78,514        287,938  

Pidilite Industries Ltd.

     13,065        266,162  

Power Grid Corp. of India Ltd.

     83,304        233,977  

Reliance Industries Ltd.

     38,315        720,277  

Sun Pharmaceutical Industries Ltd.

     28,287        155,447  

Titan Co., Ltd.

     20,995        377,143  

UPL Ltd.

     29,671        252,859  
     

 

 

 
Total India

 

     8,404,358  
Indonesia – 2.3%

 

Adaro Energy Tbk PT

     1,873,700        170,276  

Bank Central Asia Tbk PT

     187,200        400,248  

Bank Danamon Indonesia Tbk PT

     368,600      123,343  

Bank Mandiri Persero Tbk PT

     566,100        278,165  

Gudang Garam Tbk PT

     40,100        147,956  

Kalbe Farma Tbk PT

     2,487,631        293,539  

United Tractors Tbk PT

     92,700        134,364  
     

 

 

 
Total Indonesia

 

     1,547,891  
Malaysia – 2.5%

 

CIMB Group Holdings Bhd

     152,300        182,964  

Hartalega Holdings Bhd

     147,000        184,321  

Inari Amertron Bhd

     395,875        172,078  

IOI Corp. Bhd

     174,700        184,839  

Malaysia Airports Holdings Bhd

     97,700        201,840  

My EG Services Bhd

     789,050        263,833  

Petronas Chemicals Group Bhd

     78,400        141,184  

Petronas Dagangan Bhd

     29,500        166,277  

Press Metal Aluminium Holdings Bhd

     111,400        126,645  
     

 

 

 
Total Malaysia

 

     1,623,981  
Mexico – 2.2%

 

Bolsa Mexicana de Valores S.A.B. de C.V.

     115,358        216,822  

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

     36,125        331,262  

Gruma S.A.B. de C.V. Class B

     17,812        182,180  

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

     24,286        233,586  

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

     160,298        203,782  

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

     79,122        184,901  

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

     9,343        124,297  
     

 

 

 
Total Mexico

 

     1,476,830  
Philippines – 1.0%

 

International Container Terminal Services, Inc.

     103,840        241,218  

Jollibee Foods Corp.

     40,860        175,013  

SM Prime Holdings, Inc.

     338,600        243,024  
     

 

 

 
Total Philippines

 

     659,255  
Poland – 0.4%

 

Polski Koncern Naftowy Orlen S.A.

     10,201        251,135  
Russia – 3.5%

 

Lukoil PJSC ADR

     6,377        527,633  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     17,734        137,439  

Novatek PJSC GDR Reg S

     1,794        363,823  

Novolipetsk Steel PJSC GDR Reg S

     7,417        161,097  

Sberbank of Russia PJSC ADR

     44,164        626,025  

Severstal PJSC GDR Reg S

     9,043        129,767  

Tatneft PJSC ADR

     5,564        353,314  
     

 

 

 
Total Russia

 

     2,299,098  
Singapore – 0.2%

 

IGG, Inc.

     230,000        143,174  
South Africa – 3.9%

 

African Rainbow Minerals Ltd.

     17,371        161,240  

AVI Ltd.

     28,234        153,194  

Capitec Bank Holdings Ltd.

     3,376        286,654  

Clicks Group Ltd.

     18,150        257,350  

Foschini Group Ltd. (The)

     18,217        196,389  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

September 30, 2019

 

 

 

Investments    Shares      Value  

KAP Industrial Holdings Ltd.

     338,548      $ 105,611  

Mr. Price Group Ltd.

     13,203        137,799  

Pick n Pay Stores Ltd.

     46,477        182,506  

PSG Group Ltd.

     12,628        175,863  

Shoprite Holdings Ltd.

     16,892        136,629  

SPAR Group Ltd. (The)

     15,501        195,274  

Standard Bank Group Ltd.

     27,522        317,086  

Tiger Brands Ltd.

     10,947        152,020  

Truworths International Ltd.

     35,705        124,806  
     

 

 

 
Total South Africa

 

     2,582,421  
South Korea – 11.6%

 

CJ ENM Co., Ltd.

     953        134,965  

Daelim Industrial Co., Ltd.

     3,160        274,748  

Douzone Bizon Co., Ltd.

     5,049        276,056  

E-Mart, Inc.

     1,085        102,500  

GS Holdings Corp.

     4,189        176,154  

Hana Financial Group, Inc.

     7,461        219,872  

Hotel Shilla Co., Ltd.

     3,066        220,950  

KIWOOM Securities Co., Ltd.

     3,616        205,264  

Koh Young Technology, Inc.

     2,010        149,387  

Korea Investment Holdings Co., Ltd.

     3,687        232,104  

Kumho Petrochemical Co., Ltd.

     1,961        117,383  

LG Household & Health Care Ltd.

     297        324,524  

LG Household & Health Care Ltd. (Preference Shares)

     332        213,996  

LG Uplus Corp.

     13,396        152,870  

Lotte Chemical Corp.

     798        157,445  

LOTTE Fine Chemical Co., Ltd.

     4,217        160,762  

Medy-Tox, Inc.

     484        145,708  

Meritz Fire & Marine Insurance Co., Ltd.

     11,552        184,461  

NAVER Corp.

     2,743        360,031  

NCSoft Corp.

     811        353,242  

POSCO Chemical Co., Ltd.

     2,110        77,880  

S-1 Corp.

     2,357        193,305  

S-Oil Corp.

     2,052        170,521  

Samsung Electronics Co., Ltd.

     47,654        1,954,127  

Samsung SDS Co., Ltd.

     1,481        235,865  

SK Hynix, Inc.

     7,784        534,920  

Ssangyong Cement Industrial Co., Ltd.

     30,502        155,806  

Woongjin Coway Co., Ltd.

     2,898        204,967  
     

 

 

 
Total South Korea

 

     7,689,813  
Taiwan – 12.5%

 

Accton Technology Corp.

     77,000        405,792  

AU Optronics Corp.

     576,000        145,928  

Chailease Holding Co., Ltd.

     72,100        290,496  

China Steel Corp.

     237,000        175,700  

Chroma ATE, Inc.

     52,000        246,386  

CTBC Financial Holding Co., Ltd.

     413,000        274,228  

Feng TAY Enterprise Co., Ltd.

     41,648        298,689  

Formosa Chemicals & Fibre Corp.

     65,000        181,647  

Global Unichip Corp.

     27,000        217,570  

Gourmet Master Co., Ltd.

     31,000        142,887  

Hota Industrial Manufacturing Co., Ltd.

     45,383        167,492  
Investments    Shares     Value  

Lien Hwa Industrial Holdings Corp.

     182,700     $ 198,456  

Micro-Star International Co., Ltd.

     85,000       247,401  

Nan Ya Plastics Corp.

     91,000       204,442  

Nien Made Enterprise Co., Ltd.

     33,000       289,320  

Parade Technologies Ltd.

     17,000       295,895  

President Chain Store Corp.

     22,000       205,644  

Realtek Semiconductor Corp.

     55,000       407,742  

Taiwan Semiconductor Manufacturing Co., Ltd.

     250,291       2,194,367  

TCI Co., Ltd.

     21,830       219,887  

Uni-President Enterprises Corp.

     116,000       279,676  

Vanguard International Semiconductor Corp.

     106,000       214,224  

Win Semiconductors Corp.

     50,000       448,839  

Winbond Electronics Corp.

     574,000       330,252  

Yageo Corp.

     20,000       158,907  
    

 

 

 
Total Taiwan

 

    8,241,867  
Thailand – 4.9%

 

Airports of Thailand PCL NVDR

     138,700       338,984  

Bangkok Chain Hospital PCL NVDR

     344,400       177,915  

Beauty Community PCL NVDR

     579,600       45,481  

Central Pattana PCL NVDR

     100,400       223,220  

CP ALL PCL NVDR

     128,417       341,144  

Energy Absolute PCL NVDR

     157,800       247,651  

Home Product Center PCL NVDR

     513,000       286,817  

Indorama Ventures PCL NVDR

     93,000       98,823  

IRPC PCL NVDR

     1,276,400       153,577  

PTT Global Chemical PCL NVDR

     79,500       139,713  

PTT PCL NVDR

     212,700       321,640  

Siam Global House PCL NVDR

     302,255       153,178  

Thai Oil PCL NVDR

     86,100       196,354  

Tisco Financial Group PCL NVDR

     84,300       282,516  

WHA Corp. PCL NVDR

     1,414,700       220,172  
    

 

 

 
Total Thailand

 

    3,227,185  
Turkey – 1.8%

 

BIM Birlesik Magazalar AS

     29,921       260,288  

Eregli Demir ve Celik Fabrikalari T.A.S.

     97,422       118,187  

Ford Otomotiv Sanayi AS

     19,627       206,472  

Haci Omer Sabanci Holding AS

     146,904       248,981  

TAV Havalimanlari Holding AS

     37,354       156,124  

Tekfen Holding AS

     56,082       190,102  
    

 

 

 
Total Turkey

 

    1,180,154  
TOTAL COMMON STOCKS
(Cost: $60,118,791)

 

    65,978,182  
      Principal
Amount
        
FOREIGN CORPORATE BOND – 0.0%

 

India – 0.0%

 

Britannia Industries Ltd.
8.00%, 8/28/22

    
(Cost: $2,168)      151,920  INR      2,188  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

September 30, 2019

 

 

 

      Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.3%

 

United States – 1.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $849,962)(d)      849,962      $ 849,962  
TOTAL INVESTMENTS IN SECURITIES – 101.1%
(Cost: $60,970,921)

 

     66,830,332  

Other Assets less Liabilities – (1.1)%

 

     (750,492
     

 

 

 
NET ASSETS – 100.0%

 

   $ 66,079,840  
* 

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 September 30, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,386,512 and the total market value of the collateral held by the Fund was $1,484,705. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $634,743.

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.

 

48   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Brazil – 8.4%      

AES Tiete Energia S.A.

     1,060,858      $ 3,107,137  

Alupar Investimento S.A.

     284,331        1,726,300  

Arezzo Industria e Comercio S.A.

     116,203        1,381,469  

Camil Alimentos S.A.

     432,495        697,740  

Cia de Locacao das Americas

     98,881        1,203,550  

Cia de Saneamento de Minas Gerais-COPASA

     424,580        6,930,233  

Cia de Saneamento do Parana

     499,569        10,098,360  

Cia Hering

     586,601        4,889,515  

Cia Paranaense de Energia

     87,061        1,068,041  

CVC Brasil Operadora e Agencia de Viagens S.A.

     89,087        1,194,485  

Duratex S.A.

     277,248        841,981  

EcoRodovias Infraestrutura e Logistica S.A.

     1,113,692        3,769,880  

EDP – Energias do Brasil S.A.

     1,168,632        5,498,917  

Ez Tec Empreendimentos e Participacoes S.A.

     679,624        5,906,368  

Fleury S.A.

     734,428        4,658,277  

Grendene S.A.

     835,301        1,750,655  

Guararapes Confeccoes S.A.

     136,149        666,461  

Iguatemi Empresa de Shopping Centers S.A.

     157,886        1,801,585  

Instituto Hermes Pardini S.A.

     133,040        763,350  

Iochpe Maxion S.A.

     419,934        1,933,628  

Linx S.A.

     186,093        1,444,819  

Mahle-Metal Leve S.A.

     193,772        1,103,906  

MRV Engenharia e Participacoes S.A.

     1,450,287        6,141,803  

Odontoprev S.A.

     464,980        1,803,927  

Qualicorp Consultoria e Corretora de Seguros S.A.

     1,905,562        14,227,440  

Sao Martinho S.A.

     596,499        2,713,702  

Ser Educacional S.A.(a)

     157,260        844,932  

SLC Agricola S.A.

     344,701        1,480,458  

Smiles Fidelidade S.A.

     370,670        3,381,538  

Sul America S.A.

     540,730        6,193,458  

Tegma Gestao Logistica S.A.

     166,813        1,253,480  

TOTVS S.A.

     164,901        2,285,827  

Transmissora Alianca de Energia Eletrica S.A.

     3,207,736        22,178,614  

Tupy S.A.

     404,191        1,741,784  

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     183,079        607,421  

Via Varejo S.A.*

     283,093        538,267  

Wiz Solucoes e Corretagem de Seguros S.A.

     622,830        1,667,200  

YDUQS Part

     406,381        3,520,004  
     

 

 

 
Total Brazil

 

     133,016,512  
Chile – 1.5%

 

CAP S.A.

     290,783        2,535,649  

Empresas Lipigas S.A.

     193,254        1,372,036  

Engie Energia Chile S.A.

     788,262        1,396,390  

Grupo Security S.A.

     3,667,032        1,263,964  

Inversiones Aguas Metropolitanas S.A.

     2,953,156        4,136,499  

Inversiones La Construccion S.A.

     192,227        2,969,705  

Parque Arauco S.A.

     1,440,414        4,114,310  

Ripley Corp. S.A.

     1,720,256        1,229,590  

Salfacorp S.A.

     518,469        513,332  

Sociedad Matriz SAAM S.A.

     17,685,858      1,542,219  

SONDA S.A.

     1,619,038        1,978,761  

Vina Concha y Toro S.A.

     805,400        1,602,604  
     

 

 

 
Total Chile

 

     24,655,059  
China – 20.9%

 

Anhui Anke Biotechnology Group Co., Ltd. Class A

     536,725        1,133,089  

Anhui Expressway Co., Ltd. Class H

     2,737,666        1,529,578  

Anhui Yingjia Distillery Co., Ltd. Class A

     414,300        1,266,974  

Anhui Zhongding Sealing Parts Co., Ltd. Class A

     1,035,700        1,256,467  

Asia Cement China Holdings Corp.

     999,000        1,202,970  

Ausnutria Dairy Corp., Ltd.*(b)

     1,796,000        2,345,975  

BAIC Motor Corp., Ltd. Class H(a)

     3,326,000        2,053,453  

Bank of Chongqing Co., Ltd. Class H

     2,519,500        1,398,044  

Beijing Capital International Airport Co., Ltd. Class H

     4,726,000        4,033,082  

Beijing Capital Land Ltd. Class H(b)

     7,858,000        2,596,145  

Beijing Dahao Technology Corp., Ltd. Class A

     354,402        430,938  

Beijing Jingneng Clean Energy Co., Ltd. Class H

     9,196,000        1,524,964  

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     341,000        514,149  

CECEP COSTIN New Materials Group Ltd.*

     4,614,000        1  

Central China Real Estate Ltd.

     4,111,000        1,746,260  

CGN New Energy Holdings Co., Ltd.*(a)

     3,050,000        330,701  

Changzhou Xingyu Automotive Lighting Systems Co., Ltd. Class A

     137,260        1,483,471  

Chaowei Power Holdings Ltd.(b)

     1,135,000        416,971  

Chengdu Xingrong Environment Co., Ltd. Class A

     1,551,900        1,041,354  

China Agri-Industries Holdings Ltd.

     3,654,000        1,188,573  

China Aoyuan Group Ltd.

     8,281,000        9,380,218  

China BlueChemical Ltd. Class H

     4,330,000        1,043,919  

China Communications Services Corp., Ltd. Class H

     4,822,000        2,731,036  

China Datang Corp. Renewable Power Co., Ltd. Class H

     5,277,000        511,585  

China Everbright Greentech Ltd.(a)

     1,444,000        839,942  

China Harmony New Energy Auto Holding Ltd.(b)

     3,006,000        996,964  

China High Speed Transmission Equipment Group Co., Ltd.(b)

     981,000        601,910  

China Lesso Group Holdings Ltd.

     6,731,000        6,370,898  

China Lilang Ltd.

     3,158,000        2,513,703  

China Maple Leaf Educational Systems Ltd.(b)

     3,402,000        1,071,886  

China Meidong Auto Holdings Ltd.*

     1,404,000        1,253,667  

China New Higher Education Group Ltd.(a)(b)

     683,000        268,342  

China Overseas Grand Oceans Group Ltd.

     3,887,000        1,765,150  

China Overseas Property Holdings Ltd.

     2,415,000        1,192,189  

China Power International Development Ltd.

     24,053,000        5,001,198  

China Railway Signal & Communication Corp., Ltd. Class H(a)

     4,609,000        2,851,449  

China Reinsurance Group Corp. Class H

     22,607,000        3,662,384  

China Resources Medical Holdings Co., Ltd.(b)

     1,174,500        708,649  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

Investments    Shares      Value  

China Sanjiang Fine Chemicals Co., Ltd.

     5,093,000      $ 851,064  

China SCE Group Holdings Ltd.

     12,826,000        5,906,302  

China Shineway Pharmaceutical Group Ltd.

     998,000        870,771  

China South City Holdings Ltd.

     18,370,000        2,179,261  

China Suntien Green Energy Corp., Ltd. Class H

     9,610,000        2,635,597  

China Tian Lun Gas Holdings Ltd.(b)

     661,000        629,853  

China Yongda Automobiles Services Holdings Ltd.(b)

     5,961,500        4,920,135  

China Yuhua Education Corp., Ltd.(a)(b)

     2,852,000        1,437,023  

China ZhengTong Auto Services Holdings Ltd.(b)

     5,321,000        1,533,977  

Chinasoft International Ltd.*(b)

     746,000        329,255  

Chinese Universe Publishing and Media Group Co., Ltd. Class A

     1,466,200        2,682,474  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     13,576,000        7,221,461  

Chow Tai Seng Jewellery Co., Ltd. Class A

     176,100        511,890  

CIMC Enric Holdings Ltd.

     682,000        392,354  

CITIC Guoan Information Industry Co., Ltd. Class A*

     2,268,800        1,147,368  

CITIC Resources Holdings Ltd.

     8,662,000        535,892  

CITIC Telecom International Holdings Ltd.

     9,137,000        3,321,740  

CMST Development Co., Ltd. Class A

     616,000        427,155  

Cogobuy Group*(a)(b)

     1,391,000        250,186  

Colour Life Services Group Co., Ltd.*(b)

     1,541,000        768,593  

Consun Pharmaceutical Group Ltd.

     1,156,000        638,503  

COSCO Shipping Energy Transportation Co., Ltd. Class H

     1,582,000        700,250  

CPMC Holdings Ltd.(b)

     3,266,000        1,312,333  

CT Environmental Group Ltd.*

     6,050,000        262,393  

Dah Chong Hong Holdings Ltd.

     4,618,000        1,460,908  

Dalian Port PDA Co., Ltd. Class A

     2,773,600        784,864  

Dongyue Group Ltd.

     4,925,000        2,305,629  

Dr Peng Telecom & Media Group Co., Ltd. Class A*

     1,368,500        1,276,786  

Elion Clean Energy Co., Ltd. Class A

     814,600        488,413  

Eternal Asia Supply Chain Management Ltd. Class A

     955,900        555,725  

Fantasia Holdings Group Co., Ltd.*

     12,055,500        1,860,749  

Fu Shou Yuan International Group Ltd.

     1,156,000        1,021,900  

Fufeng Group Ltd.*(b)

     4,988,000        2,284,221  

Fujian Funeng Co., Ltd. Class A

     635,536        762,992  

Goodbaby International Holdings Ltd.*

     1,900,000        285,991  

Greatview Aseptic Packaging Co., Ltd.

     3,490,000        1,713,970  

Greenland Hong Kong Holdings Ltd.

     5,914,000        2,021,777  

Greentown China Holdings Ltd.(b)

     2,608,500        2,112,914  

Greentown Service Group Co., Ltd.(b)

     1,390,000        1,365,283  

GRG Banking Equipment Co., Ltd. Class A

     1,908,482        2,304,594  

Guangdong Provincial Expressway Development Co., Ltd. Class A

     1,419,200        1,534,829  

Guangdong Tapai Group Co., Ltd. Class A

     1,069,400        1,441,167  

Guangzhou R&F Properties Co., Ltd. Class H

     10,591,600        16,023,723  

Guorui Properties Ltd.

     3,237,000        623,501  

Guotai Junan International Holdings Ltd.(b)

     19,064,000        3,234,319  

Guoxuan High-Tech Co., Ltd. Class A

     348,600      610,919  

Haisco Pharmaceutical Group Co., Ltd. Class A

     331,200        841,641  

Hangzhou Binjiang Real Estate Group Co., Ltd. Class A

     1,772,100        948,311  

Hefei Meiya Optoelectronic Technology, Inc. Class A

     500,500        2,321,466  

Henan Senyuan Electric Co., Ltd. Class A

     312,200        326,703  

Hisense Electric Co., Ltd. Class A

     1,063,100        1,209,287  

Hisense Home Appliances Group Co., Ltd. Class H

     2,868,000        2,754,808  

Hopson Development Holdings Ltd.

     3,274,000        3,274,251  

Huabao International Holdings Ltd.

     5,570,000        2,039,174  

Huadian Fuxin Energy Corp., Ltd. Class H

     8,306,000        1,451,542  

Huafa Industrial Co., Ltd. Zhuhai Class A

     4,151,700        4,088,654  

Huaneng Renewables Corp., Ltd. Class H

     10,792,000        3,675,618  

Huayi Brothers Media Corp. Class A*

     656,000        434,674  

Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia Class A*

     1,094,300        1,252,442  

Inner Mongolia MengDian HuaNeng Thermal Power Corp., Ltd. Class A

     1,766,000        737,235  

Jiangsu Changshu Rural Commercial Bank Co., Ltd. Class A

     1,744,900        1,806,401  

Jiangsu Yangnong Chemical Co., Ltd. Class A

     141,973        990,454  

Jingrui Holdings Ltd.

     4,947,000        1,590,229  

Jiuzhitang Co., Ltd. Class A

     532,400        612,323  

Jizhong Energy Resources Co., Ltd. Class A

     1,486,000        728,595  

JNBY Design Ltd.

     1,080,500        1,551,959  

Joincare Pharmaceutical Group Industry Co., Ltd. Class A

     919,648        1,263,833  

Kaisa Group Holdings Ltd.*

     10,894,000        4,780,386  

Lonking Holdings Ltd.

     11,814,000        3,044,146  

Luenmei Quantum Co., Ltd. Class A

     1,120,926        1,758,709  

Northeast Securities Co., Ltd. Class A

     1,396,000        1,589,919  

ORG Technology Co., Ltd. Class A*

     2,908,400        1,918,996  

Pacific Securities Co., Ltd. (The) Class A*

     2,077,400        995,280  

Poly Property Group Co., Ltd.

     10,331,000        3,597,677  

Powerlong Real Estate Holdings Ltd.

     11,363,800        8,016,151  

Rainbow Department Store Co., Ltd. Class A

     563,500        945,692  

Realcan Pharmaceutical Group Co., Ltd. Class A

     493,000        553,886  

Saurer Intelligent Technology Co., Ltd. Class A

     467,400        485,184  

Sealand Securities Co., Ltd. Class A

     3,514,900        2,432,423  

Shandong Chenming Paper Holdings Ltd. Class H

     3,322,500        1,330,797  

Shanghai Industrial Urban Development Group Ltd.

     7,598,000        959,515  

Shanghai Jin Jiang Capital Co., Ltd. Class H

     5,409,587        814,260  

Shanghai La Chapelle Fashion Co., Ltd. Class H(a)

     874,600        288,952  

Shanghai Mechanical and Electrical Industry Co., Ltd. Class A

     567,498        1,322,074  

Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. Class A

     288,446        720,064  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Shenzhen Expressway Co., Ltd. Class H

     3,025,697      $ 3,944,514  

Shenzhen Huaqiang Industry Co., Ltd. Class A

     330,181        668,836  

Shenzhen Sunlord Electronics Co., Ltd. Class A

     657,900        2,000,870  

Shenzhen Suntak Circuit Technology Co., Ltd. Class A

     246,400        635,468  

Shijiazhuang Yiling Pharmaceutical Co., Ltd. Class A

     358,300        541,586  

Shougang Fushan Resources Group Ltd.

     23,446,000        4,845,080  

Shui On Land Ltd.

     22,102,000        4,398,184  

Sichuan Hebang Biotechnology Co., Ltd. Class A*

     4,068,500        883,416  

Sichuan Languang Development Co., Ltd. Class A

     1,179,700        993,219  

Sihuan Pharmaceutical Holdings Group Ltd.

     6,351,000        964,065  

Sinochem International Corp. Class A

     956,080        662,977  

Sinopec Engineering Group Co., Ltd. Class H

     3,907,900        2,452,594  

Sinopec Kantons Holdings Ltd.

     3,770,000        1,548,511  

SITC International Holdings Co., Ltd.

     6,760,000        6,967,472  

Skyworth Group Ltd.(b)

     7,896,000        2,034,584  

Springland International Holdings Ltd.

     3,304,000        653,264  

Sunwoda Electronic Co., Ltd. Class A

     1,124,600        2,386,766  

Taiji Computer Corp., Ltd. Class A

     106,400        440,303  

TangShan Port Group Co., Ltd. Class A

     4,061,400        1,399,620  

TCL Electronics Holdings Ltd.

     4,164,000        2,087,471  

Tiangong International Co., Ltd.

     2,654,000        964,857  

Tianjin Guangyu Development Co., Ltd. Class A

     474,600        423,512  

Tianjin Port Co., Ltd. Class A

     912,457        787,394  

Tianneng Power International Ltd.(b)

     4,012,000        2,824,992  

Times China Holdings Ltd.

     3,537,000        5,504,426  

Tong Ren Tang Technologies Co., Ltd. Class H

     1,153,888        1,049,471  

TravelSky Technology Ltd. Class H

     1,523,000        3,162,798  

Tsaker Chemical Group Ltd.(a)

     191,500        46,413  

Virscend Education Co., Ltd.(a)(b)

     1,498,000        429,944  

Wangfujing Group Co., Ltd. Class A

     363,800        733,369  

West China Cement Ltd.

     8,074,000        1,318,305  

Western Mining Co., Ltd. Class A*

     1,495,100        1,160,324  

Wisdom Education International Holdings Co., Ltd.(b)

     828,000        333,760  

Wuxi Taiji Industry Co., Ltd. Class A

     888,300        925,831  

Xiabuxiabu Catering Management China Holdings Co., Ltd.*(a)(b)

     494,500        656,020  

Xiamen ITG Group Corp., Ltd. Class A

     1,978,100        2,033,965  

Xingda International Holdings Ltd.

     5,393,000        1,465,302  

Xiwang Special Steel Co., Ltd.

     7,045,000        638,053  

XTEP International Holdings Ltd.

     5,609,800        3,034,104  

Yadea Group Holdings Ltd.(a)(b)

     1,532,000        332,219  

Yang Quan Coal Industry Group Co., Ltd. Class A

     1,873,500        1,354,261  

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

     261,600        1,276,399  

Yifan Pharmaceutical Co., Ltd. Class A

     1,177,900        2,212,770  

Yixintang Pharmaceutical Group Co., Ltd. Class A

     132,703        416,602  

Yuexiu Property Co., Ltd.

     43,408,000      9,413,169  

Yuexiu Transport Infrastructure Ltd.

     3,644,000        3,146,909  

Yunnan Aluminium Co., Ltd. Class A*

     1,115,200        703,015  

Yuzhou Properties Co., Ltd.

     18,705,000        7,444,396  

Zhaojin Mining Industry Co., Ltd. Class H

     1,296,000        1,499,441  

Zhejiang Jiahua Energy Chemical Industry Co., Ltd. Class A

     1,561,700        2,314,634  

Zhejiang Runtu Co., Ltd. Class A

     1,018,800        1,664,128  

Zhejiang Wanfeng Auto Wheel Co., Ltd. Class A

     2,240,168        2,212,426  

Zhejiang Wanliyang Co., Ltd. Class A

     433,700        435,012  

Zhenro Properties Group Ltd.(b)

     3,084,000        2,022,063  

Zhou Hei Ya International Holdings Co., Ltd.(a)(b)

     1,813,500        825,853  
     

 

 

 
Total China

 

     332,527,900  
Czech Republic – 0.7%

 

Moneta Money Bank AS(a)

     3,462,817        10,667,735  
Hong Kong – 1.1%

 

C&D International Investment Group Ltd.(b)

     1,017,000        1,054,699  

Canvest Environmental Protection Group Co., Ltd.(b)

     944,000        411,828  

China Water Affairs Group Ltd.(b)

     2,366,000        1,838,016  

CP Pokphand Co., Ltd.

     17,766,000        1,518,384  

Crystal International Group Ltd.(a)

     1,929,000        787,407  

Hua Han Health Industry Holdings Ltd.*(b)

     8,880,000        0  

IMAX China Holding, Inc.(a)

     340,400        803,301  

Joy City Property Ltd.

     15,358,000        1,626,035  

LVGEM China Real Estate Investment Co., Ltd.(b)

     2,936,000        1,048,652  

NetDragon Websoft Holdings Ltd.

     416,000        967,911  

Pou Sheng International Holdings Ltd.

     2,507,000        745,122  

Stella International Holdings Ltd.

     3,407,000        5,302,115  

Vinda International Holdings Ltd.

     621,000        1,118,519  
     

 

 

 
Total Hong Kong

 

     17,221,989  
Hungary – 0.2%

 

Magyar Telekom Telecommunications PLC

     1,878,147        2,689,608  
India – 2.9%

 

AIA Engineering Ltd.

     22,437        564,829  

Amara Raja Batteries Ltd.

     42,579        431,144  

Apollo Hospitals Enterprise Ltd.

     47,425        933,861  

Apollo Tyres Ltd.

     356,747        914,409  

Arvind Ltd.

     142,273        96,262  

Bajaj Corp., Ltd.

     205,969        713,943  

Bata India Ltd.

     29,413        714,773  

Birlasoft Ltd.

     131,812        128,801  

Care Ratings Ltd.

     81,860        598,915  

Castrol India Ltd.

     934,681        1,794,349  

Ceat Ltd.

     24,987        337,455  

CESC Ltd.

     100,927        1,062,479  

Cochin Shipyard Ltd.(a)

     159,634        760,679  

Coromandel International Ltd.

     127,303        746,191  

Crompton Greaves Consumer Electricals Ltd.

     376,901        1,331,169  

DCM Shriram Ltd.

     89,103        508,513  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Engineers India Ltd.

     576,979      $ 955,406  

Federal Bank Ltd.

     2,122,579        2,707,555  

GHCL Ltd.

     109,746        326,673  

Graphite India Ltd.

     116,953        480,147  

Greaves Cotton Ltd.

     286,563        590,564  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     84,302        240,765  

Gujarat Pipavav Port Ltd.

     655,347        796,195  

HEG Ltd.

     27,754        373,297  

HeidelbergCement India Ltd.

     251,859        669,195  

Hexaware Technologies Ltd.

     117,538        630,822  

IDFC Bank Ltd.*

     2,835,101        1,608,198  

Indian Hotels Co., Ltd. (The)

     236,334        532,903  

Info Edge India Ltd.

     29,296        835,510  

IRB Infrastructure Developers Ltd.*

     604,292        634,402  

Jain Irrigation Systems Ltd.

     545,187        149,242  

JM Financial Ltd.

     523,125        584,992  

Kajaria Ceramics Ltd.

     65,362        506,479  

Karnataka Bank Ltd. (The)

     649,670        693,500  

Karur Vysya Bank Ltd. (The)

     544,544        459,109  

L&T Technology Services Ltd.(a)

     12,074        259,458  

Mahanagar Gas Ltd.

     65,798        846,466  

Mangalore Refinery & Petrochemicals Ltd.

     799,700        547,285  

Mindtree Ltd.

     98,296        981,728  

Motilal Oswal Financial Services Ltd.

     55,470        506,925  

Multi Commodity Exchange of India Ltd.

     60,697        822,982  

Natco Pharma Ltd.

     111,056        911,953  

National Aluminium Co., Ltd.

     3,867,139        2,534,664  

NBCC India Ltd.

     915,613        450,902  

NCC Ltd.

     665,418        516,888  

NIIT Technologies Ltd.

     43,050        847,347  

NLC India Ltd.

     1,167,174        940,409  

Persistent Systems Ltd.

     49,321        396,656  

PI Industries Ltd.

     72,246        1,332,450  

Rallis India Ltd.

     293,748        733,864  

Redington India Ltd.

     735,839        1,219,497  

Reliance Infrastructure Ltd.

     453,032        187,302  

Sanofi India Ltd.

     7,556        626,779  

Sobha Ltd.

     103,850        716,719  

Sonata Software Ltd.

     85,780        400,584  

South Indian Bank Ltd. (The)

     3,238,329        495,788  

SRF Ltd.

     16,001        621,345  

Sundram Fasteners Ltd.

     68,440        458,238  

Supreme Industries Ltd.

     73,051        1,270,657  

Tata Global Beverages Ltd.

     259,257        1,009,682  

Torrent Power Ltd.

     293,956        1,192,518  
     

 

 

 
Total India

 

     46,241,812  
Indonesia – 2.6%

 

Ace Hardware Indonesia Tbk PT

     9,706,900        1,210,371  

Adhi Karya Persero Tbk PT

     4,711,000        443,056  

AKR Corporindo Tbk PT

     9,547,445        2,555,850  

Astra Agro Lestari Tbk PT

     1,563,266        1,186,629  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     21,137,900        2,337,901  

Bank Pembangunan Daerah Jawa Timur Tbk PT

     20,916,000      935,658  

Bank Tabungan Negara Persero Tbk PT

     11,014,716        1,520,877  

Barito Pacific Tbk PT

     38,555,100        2,688,943  

Ciputra Development Tbk PT

     11,892,400        883,866  

Indika Energy Tbk PT

     8,425,200        780,496  

Indo Tambangraya Megah Tbk PT

     4,685,300        4,092,830  

Japfa Comfeed Indonesia Tbk PT

     21,677,200        2,412,820  

Jasa Marga Persero Tbk PT

     3,119,700        1,252,715  

Link Net Tbk PT

     4,658,200        1,345,447  

Matahari Department Store Tbk PT

     18,452,400        4,458,734  

Media Nusantara Citra Tbk PT

     15,353,740        1,335,813  

Pakuwon Jati Tbk PT

     18,374,500        860,799  

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     9,915,700        897,617  

PP Persero Tbk PT

     7,065,200        848,620  

Ramayana Lestari Sentosa Tbk PT

     6,040,200        512,747  

Sawit Sumbermas Sarana Tbk PT

     4,944,200        325,666  

Sri Rejeki Isman Tbk PT

     13,072,500        292,853  

Surya Citra Media Tbk PT

     23,295,100        1,903,650  

Timah Tbk PT

     7,685,200        522,453  

Tower Bersama Infrastructure Tbk PT

     3,862,903        1,666,804  

Waskita Beton Precast Tbk PT

     68,883,300        1,572,257  

Waskita Karya Persero Tbk PT

     15,828,300        1,839,852  

Wijaya Karya Persero Tbk PT

     6,995,100        948,613  
     

 

 

 
Total Indonesia

 

     41,633,937  
Malaysia – 4.9%

 

Aeon Co. M Bhd

     1,092,200        380,848  

AirAsia Group Bhd

     6,944,300        2,919,027  

Alliance Bank Malaysia Bhd

     3,374,547        2,296,981  

Astro Malaysia Holdings Bhd

     16,002,600        5,580,080  

Berjaya Sports Toto Bhd

     2,515,400        1,586,018  

Bermaz Auto Bhd

     3,816,880        2,078,454  

British American Tobacco Malaysia Bhd

     555,500        2,512,818  

Bursa Malaysia Bhd

     2,053,950        2,992,380  

Cahya Mata Sarawak Bhd

     1,322,300        852,689  

DRB-Hicom Bhd

     872,400        493,811  

Econpile Holdings Bhd*

     1,490,800        245,678  

Ekovest Bhd

     5,896,300        1,084,345  

FGV Holdings Bhd*

     4,937,700        1,049,571  

Gamuda Bhd

     10,351,700        9,147,669  

Genting Plantations Bhd

     589,800        1,395,968  

Globetronics Technology Bhd

     2,052,033        1,009,598  

Heineken Malaysia Bhd

     437,200        2,506,043  

IJM Corp. Bhd

     8,887,900        4,648,794  

Inari Amertron Bhd

     5,957,675        2,589,675  

IOI Properties Group Bhd

     5,540,000        1,508,383  

Kossan Rubber Industries Bhd

     720,200        736,197  

KPJ Healthcare Bhd

     4,774,100        1,009,094  

Mah Sing Group Bhd

     6,927,077        1,240,819  

Malakoff Corp. Bhd

     8,691,963        1,785,309  

Malaysian Pacific Industries Bhd

     262,800        573,679  

Malaysian Resources Corp. Bhd

     4,554,243        799,467  

My EG Services Bhd

     2,239,700        748,885  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Padini Holdings Bhd

     667,800      $ 609,266  

Pos Malaysia Bhd

     1,269,100        494,061  

QL Resources Bhd

     538,300        926,951  

Scientex Bhd

     643,300        1,373,561  

Serba Dinamik Holdings Bhd

     910,500        924,200  

Sime Darby Property Bhd

     13,198,200        2,647,836  

SKP Resources Bhd

     2,398,500        641,586  

SP Setia Bhd

     7,923,240        2,573,586  

Sunway Bhd

     7,724,694        3,173,268  

Sunway Construction Group Bhd

     2,305,500        1,128,797  

Supermax Corp. Bhd

     2,484,300        949,338  

TIME dotCom Bhd

     419,800        915,399  

Uchi Technologies Bhd

     1,601,000        1,074,471  

Unisem M Bhd

     1,315,600        606,427  

VS Industry Bhd

     3,456,525        1,114,475  

WCT Holdings Bhd*

     2,981,034        640,776  

Yinson Holdings Bhd

     787,900        1,255,145  

YTL Power International Bhd

     13,837,100        2,445,535  
     

 

 

 
Total Malaysia

 

     77,266,958  
Mexico – 1.9%

 

Bolsa Mexicana de Valores S.A.B. de C.V.

     1,784,126        3,353,369  

Corp. Inmobiliaria Vesta S.A.B. de C.V.

     2,914,730        4,474,548  

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

     1,044,000        6,190,819  

Grupo Cementos de Chihuahua S.A.B. de C.V.

     105,599        563,722  

Grupo Comercial Chedraui S.A. de C.V.

     218,483        341,490  

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

     584,513        1,238,064  

Grupo Rotoplas S.A.B. de C.V.*(b)

     455,933        321,213  

Macquarie Mexico Real Estate Management S.A. de C.V.(a)

     4,256,976        5,349,249  

Megacable Holdings S.A.B. de C.V. Series CPO

     510,074        2,053,058  

Prologis Property Mexico S.A. de C.V.

     1,877,029        3,901,604  

Qualitas Controladora S.A.B. de C.V.

     286,457        1,028,512  

Regional S.A.B. de C.V.

     304,952        1,397,645  

Unifin Financiera S.A.B. de C.V. SOFOM ENR(b)

     230,844        425,233  
     

 

 

 
Total Mexico

 

     30,638,526  
Philippines – 0.8%

 

Altus San Nicolas Corp.*

     70,532        7,068  

Cosco Capital, Inc.

     4,141,600        521,795  

D&L Industries, Inc.

     7,297,300        1,253,057  

Manila Water Co., Inc.

     2,529,145        985,698  

Pilipinas Shell Petroleum Corp.

     1,818,010        1,132,968  

Robinsons Land Corp.

     3,802,426        1,797,404  

Robinsons Retail Holdings, Inc.

     376,320        573,592  

Security Bank Corp.

     599,600        2,279,012  

Semirara Mining & Power Corp.

     5,968,400        2,625,497  

Vista Land & Lifescapes, Inc.

     11,905,200        1,773,262  
     

 

 

 
Total Philippines

 

     12,949,353  
Poland – 0.9%

 

Asseco Poland S.A.

     484,844        6,173,699  

Ciech S.A.*

     311,883      2,625,507  

Eurocash S.A.

     331,735        1,737,634  

Grupa Azoty S.A.*

     258,400        2,179,786  

Warsaw Stock Exchange

     176,342        1,765,993  
     

 

 

 
Total Poland

 

     14,482,619  
Singapore – 0.1%

 

IGG, Inc.(b)

     3,120,000        1,942,189  
South Africa – 7.8%

 

Adcock Ingram Holdings Ltd.

     216,661        810,916  

Advtech Ltd.

     1,374,215        1,132,906  

Aeci Ltd.

     499,193        3,159,279  

African Rainbow Minerals Ltd.(b)

     633,920        5,884,116  

Alexander Forbes Group Holdings Ltd.

     4,673,825        1,726,194  

Astral Foods Ltd.

     349,759        3,390,903  

Attacq Ltd.

     3,426,512        2,779,627  

AVI Ltd.

     1,334,960        7,243,341  

Barloworld Ltd.

     682,339        5,202,202  

Blue Label Telecoms Ltd.*

     3,798,008        723,907  

Cashbuild Ltd.

     71,240        1,160,513  

City Lodge Hotels Ltd.

     130,383        730,919  

Coronation Fund Managers Ltd.

     2,228,365        6,126,993  

Dis-Chem Pharmacies Ltd.(a)(b)

     397,651        590,084  

Equites Property Fund Ltd.

     2,318,174        3,134,217  

Foschini Group Ltd. (The)

     978,360        10,547,253  

Hosken Consolidated Investments Ltd.

     93,224        582,615  

Hyprop Investments Ltd.

     1,938,995        7,908,158  

Investec Ltd.

     1,286,381        6,774,445  

JSE Ltd.

     324,868        2,806,988  

KAP Industrial Holdings Ltd.(b)

     5,709,609        1,781,135  

Massmart Holdings Ltd.(b)

     351,534        1,016,174  

Metair Investments Ltd.

     819,679        1,243,371  

Mpact Ltd.

     516,133        548,046  

Murray & Roberts Holdings Ltd.

     921,318        801,463  

Peregrine Holdings Ltd.

     1,676,963        1,932,171  

Pick n Pay Stores Ltd.

     962,650        3,780,127  

Pioneer Foods Group Ltd.

     599,663        4,192,599  

Raubex Group Ltd.

     706,475        888,074  

Reunert Ltd.

     931,188        4,237,558  

Santam Ltd.(b)

     142,727        2,767,468  

SPAR Group Ltd. (The)

     734,101        9,247,857  

Telkom S.A. SOC Ltd.

     2,054,394        9,564,364  

Tongaat Hulett Ltd.*

     308,890        0  

Truworths International Ltd.

     2,120,269        7,411,328  

Tsogo Sun Gaming Ltd.

     2,578,501        2,243,062  
     

 

 

 
Total South Africa

 

     124,070,373  
South Korea – 7.3%

 

Aekyung Petrochemical Co., Ltd.

     68,674        444,947  

Ahnlab, Inc.

     14,485        810,138  

Bukwang Pharmaceutical Co., Ltd.

     32,343        374,494  

Caregen Co., Ltd.*

     7,384        318,157  

Cheil Worldwide, Inc.

     241,071        4,998,170  

Chong Kun Dang Pharmaceutical Corp.

     5,573        388,570  

Com2uS Corp.

     8,619        672,284  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Daesang Corp.

     44,911      $ 835,405  

Daewoong Pharmaceutical Co., Ltd.

     1,531        190,711  

Daishin Securities Co., Ltd.

     183,768        2,020,273  

DB HiTek Co., Ltd.

     69,400        928,312  

DGB Financial Group, Inc.

     504,265        3,140,722  

Dongsuh Cos., Inc.

     180,391        2,714,574  

DONGSUNG Corp.

     148,207        686,425  

Douzone Bizon Co., Ltd.(b)

     29,023        1,586,845  

Eugene Corp.

     151,383        615,075  

F&F Co., Ltd.

     8,919        722,527  

Grand Korea Leisure Co., Ltd.

     97,764        1,687,770  

Green Cross Corp.

     4,348        412,572  

Green Cross Holdings Corp.

     42,903        747,839  

Halla Holdings Corp.

     28,711        1,029,722  

Hana Tour Service, Inc.

     22,089        816,230  

Hancom, Inc.

     42,563        362,950  

Handsome Co., Ltd.

     13,442        328,141  

Hanjin Kal Corp.(b)

     36,000        815,617  

Hankook Technology Group Co., Ltd.

     56,182        671,657  

Hanmi Semiconductor Co., Ltd.(b)

     101,351        560,072  

Hansae Co., Ltd.

     46,469        749,782  

Hansol Chemical Co., Ltd.

     14,114        939,242  

Hansol Paper Co., Ltd.

     42,770        550,648  

Hanssem Co., Ltd.

     24,879        1,247,954  

Hanwha Corp.

     104,024        2,195,883  

Hanwha General Insurance Co., Ltd.

     135,117        340,009  

Harim Holdings Co., Ltd.

     87,697        690,637  

Hite Jinro Co., Ltd.(b)

     170,715        3,881,995  

Huchems Fine Chemical Corp.

     108,897        1,948,247  

Huvis Corp.

     61,181        315,585  

Hyundai Corp.

     16,014        266,420  

Hyundai Department Store Co., Ltd.

     12,363        807,215  

Hyundai Elevator Co., Ltd.*

     6,343        473,544  

iMarketKorea, Inc.

     167,729        1,458,330  

Innocean Worldwide, Inc.

     18,211        1,013,964  

IS Dongseo Co., Ltd.

     55,111        1,384,513  

It’s Hanbul Co., Ltd.

     10,539        163,880  

Jahwa Electronics Co., Ltd.

     49,718        426,041  

JB Financial Group Co., Ltd.

     193,351        908,442  

Jejuair Co., Ltd.

     25,067        512,384  

JW Life Science Corp.

     23,447        416,544  

KEPCO Plant Service & Engineering Co., Ltd.

     107,487        3,104,691  

Kginicis Co., Ltd.

     21,636        281,269  

KIWOOM Securities Co., Ltd.

     21,589        1,225,509  

Koh Young Technology, Inc.

     8,619        640,579  

Kolon Industries, Inc.

     35,370        1,236,021  

Korea Autoglass Corp.

     38,702        546,808  

Korea Petrochemical Ind Co., Ltd.

     10,103        1,076,899  

Korean Reinsurance Co.

     341,117        2,284,285  

KT Skylife Co., Ltd.

     57,347        433,884  

Kumho Industrial Co., Ltd.(b)

     87,930        911,535  

Kumho Petrochemical Co., Ltd.

     19,244        1,151,921  

Kyobo Securities Co., Ltd.

     77,098        629,727  

Kyungdong Pharm Co., Ltd.

     77,646        505,025  

LEENO Industrial, Inc.

     18,403      860,032  

LF Corp.

     33,693        568,991  

LG Hausys Ltd.

     17,641        889,313  

Lock&Lock Co., Ltd.

     16,368        170,365  

LOTTE Fine Chemical Co., Ltd.

     31,976        1,218,999  

LOTTE Himart Co., Ltd.

     27,832        698,040  

LS Corp.

     55,734        2,210,909  

LS Industrial Systems Co., Ltd.

     25,697        1,034,411  

Meritz Financial Group, Inc.

     185,390        1,991,608  

Meritz Fire & Marine Insurance Co., Ltd.

     308,680        4,928,970  

Meritz Securities Co., Ltd.

     1,475,587        6,229,749  

Mirae Asset Life Insurance Co., Ltd.

     213,810        773,087  

Modetour Network, Inc.

     37,776        480,036  

Moorim P&P Co., Ltd.

     44,130        165,467  

Muhak Co., Ltd.

     56,954        442,814  

Nexen Tire Corp.

     65,925        498,233  

NICE Information Service Co., Ltd.

     76,349        839,351  

NongShim Co., Ltd.

     6,642        1,385,427  

NS Shopping Co., Ltd.

     60,265        492,237  

OCI Co., Ltd.

     36,891        2,143,481  

Partron Co., Ltd.

     123,384        1,320,332  

Poongsan Corp.

     49,717        926,881  

POSCO International Corp.

     106,346        1,698,122  

PSK Holdings, Inc.

     9,941        62,830  

S&T Motiv Co., Ltd.

     36,297        1,647,726  

Samick THK Co., Ltd.(b)

     35,423        359,812  

Samjin Pharmaceutical Co., Ltd.

     15,023        316,498  

Seah Besteel Corp.

     69,665        955,153  

Seoul Semiconductor Co., Ltd.

     37,859        438,362  

SFA Engineering Corp.

     68,556        2,418,646  

Silicon Works Co., Ltd.

     21,727        619,396  

SK Discovery Co., Ltd.

     30,572        561,013  

SK Gas Ltd.

     14,135        879,191  

SK Materials Co., Ltd.

     9,209        1,281,861  

SK Networks Co., Ltd.

     365,363        1,698,297  

SKC Co., Ltd.(b)

     41,836        1,392,027  

SKCKOLONPI, Inc.(b)

     23,415        551,045  

SL Corp.

     29,239        586,662  

Soulbrain Co., Ltd.(b)

     12,673        773,422  

ST Pharm Co., Ltd.

     19,579        285,628  

Sungwoo Hitech Co., Ltd.

     124,201        397,165  

TES Co., Ltd.

     44,724        710,409  

Tongyang Life Insurance Co., Ltd.

     214,767        685,875  

WiSoL Co., Ltd.

     37,293        445,839  

WONIK IPS Co., Ltd.

     33,206        802,285  

Youlchon Chemical Co., Ltd.

     50,857        603,745  

Youngone Corp.

     21,616        645,146  

Yuhan Corp.

     7,417        1,416,866  
     

 

 

 
Total South Korea

 

     116,101,365  
Taiwan – 29.1%

 

AcBel Polytech, Inc.(b)

     1,690,303        1,160,485  

Accton Technology Corp.(b)

     1,906,633        10,048,010  

Acer, Inc.(b)

     7,201,000        4,131,503  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Alpha Networks, Inc.*(b)

     1,805,000      $ 1,367,226  

Arcadyan Technology Corp.(b)

     399,000        1,179,336  

Asia Vital Components Co., Ltd.(b)

     852,000        1,043,562  

ASMedia Technology, Inc.(b)

     31,000        484,617  

Aten International Co., Ltd.

     638,000        1,766,481  

BES Engineering Corp.(b)

     2,131,000        533,016  

Capital Futures Corp.

     435,000        609,921  

Capital Securities Corp.

     3,631,340        1,031,188  

Cathay Real Estate Development Co., Ltd.

     3,303,000        2,182,517  

Chang Wah Electromaterials, Inc.

     250,000        1,285,275  

Charoen Pokphand Enterprise

     924,000        1,861,432  

Chaun-Choung Technology Corp.

     231,000        1,757,192  

Cheng Loong Corp.

     2,347,000        1,350,351  

Chicony Electronics Co., Ltd.

     3,558,652        10,483,998  

Chicony Power Technology Co., Ltd.(b)

     1,155,625        2,085,932  

Chin-Poon Industrial Co., Ltd.

     1,659,650        1,693,111  

China Airlines Ltd.

     4,300,000        1,258,489  

China General Plastics Corp.

     1,534,186        981,598  

China Metal Products Co., Ltd.

     1,370,000        1,344,631  

China Steel Chemical Corp.(b)

     367,726        1,487,522  

Chong Hong Construction Co., Ltd.

     1,310,000        3,356,863  

Chroma ATE, Inc.(b)

     1,071,132        5,075,228  

Chung-Hsin Electric & Machinery Manufacturing Corp.

     1,805,000        1,175,232  

Cleanaway Co., Ltd.(b)

     483,161        2,374,963  

Clevo Co.

     1,502,000        1,522,600  

Compeq Manufacturing Co., Ltd.(b)

     4,681,000        5,243,106  

Continental Holdings Corp.

     1,179,000        541,532  

Coremax Corp.(b)

     241,893        619,069  

CTCI Corp.(b)

     3,084,190        4,145,457  

Cub Elecparts, Inc.(b)

     141,191        1,130,911  

Da-Li Development Co., Ltd.

     1,393,990        1,204,175  

Darfon Electronics Corp.(b)

     384,000        487,666  

Depo Auto Parts Ind Co., Ltd.

     278,000        561,833  

Elan Microelectronics Corp.(b)

     1,077,409        2,976,162  

Elite Advanced Laser Corp.(b)

     417,312        741,153  

Elite Material Co., Ltd.(b)

     1,455,163        5,886,411  

Elite Semiconductor Memory Technology, Inc.

     1,439,000        1,528,310  

Ennoconn Corp.(b)

     130,674        924,526  

Epistar Corp.*(b)

     1,723,000        1,346,766  

Eternal Materials Co., Ltd.

     1,493,494        1,220,328  

Eva Airways Corp.(b)

     2,143,664        943,158  

Evergreen Marine Corp. Taiwan Ltd.(b)

     2,380,015        997,283  

Everlight Chemical Industrial Corp.

     2,033,000        1,068,120  

Everlight Electronics Co., Ltd.

     2,978,165        2,673,432  

Far Eastern Department Stores Ltd.(b)

     6,381,841        4,916,308  

Far Eastern International Bank

     9,193,908        3,556,122  

Faraday Technology Corp.(b)

     976,200        1,818,703  

Farglory Land Development Co., Ltd.

     1,513,640        1,783,221  

Feng Hsin Steel Co., Ltd.

     1,095,950        1,815,721  

FLEXium Interconnect, Inc.(b)

     1,304,028        3,967,840  

Formosa International Hotels Corp.

     348,000        1,772,277  

Foxsemicon Integrated Technology, Inc.

     322,197        1,199,496  

Genius Electronic Optical Co., Ltd.(b)

     68,000        923,851  

Getac Technology Corp.

     1,914,292      2,884,596  

Giant Manufacturing Co., Ltd.(b)

     705,000        4,794,759  

Gigabyte Technology Co., Ltd.(b)

     3,461,000        5,538,805  

Global Brands Manufacture Ltd.

     484,000        264,430  

Global PMX Co., Ltd.

     254,000        1,228,062  

Global Unichip Corp.

     136,000        1,095,908  

Grape King Bio Ltd.(b)

     311,988        1,860,394  

Great Wall Enterprise Co., Ltd.

     2,742,006        3,332,000  

Greatek Electronics, Inc.

     1,709,000        2,365,922  

Hannstar Board Corp.

     751,889        987,590  

HannStar Display Corp.(b)

     14,182,000        2,925,585  

Highwealth Construction Corp.(b)

     5,213,613        8,385,608  

Hiwin Technologies Corp.(b)

     291,631        2,542,706  

Holiday Entertainment Co., Ltd.

     569,000        1,210,463  

Holtek Semiconductor, Inc.(b)

     716,773        1,501,724  

Holy Stone Enterprise Co., Ltd.(b)

     452,000        1,328,705  

Hota Industrial Manufacturing Co., Ltd.(b)

     440,427        1,625,454  

Hsin Kuang Steel Co., Ltd.(b)

     770,000        707,344  

Huaku Development Co., Ltd.(b)

     1,450,296        3,739,744  

IBF Financial Holdings Co., Ltd.

     10,230,140        3,528,260  

IEI Integration Corp.

     417,154        711,291  

International CSRC Investment Holdings Co.(b)

     1,983,297        2,080,817  

ITEQ Corp.(b)

     1,204,000        5,860,014  

Jentech Precision Industrial Co., Ltd.

     107,000        439,733  

Jih Lin Technology Co., Ltd.

     298,000        535,016  

KEE TAI Properties Co., Ltd.

     2,343,000        891,147  

Kenda Rubber Industrial Co., Ltd.(b)

     1,870,039        1,898,700  

King Slide Works Co., Ltd.

     50,004        568,951  

King Yuan Electronics Co., Ltd.

     5,766,000        6,476,981  

King’s Town Bank Co., Ltd.

     3,413,000        3,393,803  

Kinik Co.(b)

     677,495        1,334,266  

Kinpo Electronics

     2,945,000        1,015,697  

Kinsus Interconnect Technology Corp.

     653,368        882,403  

Kung Long Batteries Industrial Co., Ltd.

     428,000        2,000,355  

L&K Engineering Co., Ltd.

     972,000        780,119  

Lealea Enterprise Co., Ltd.(b)

     2,957,000        876,868  

Lelon Electronics Corp.

     296,000        400,716  

Lien Hwa Industrial Holdings Corp.

     3,125,671        3,395,224  

Lion Travel Service Co., Ltd.

     309,000        756,950  

Lite-On Semiconductor Corp.

     1,133,000        1,502,778  

Longchen Paper & Packaging Co., Ltd.(b)

     4,610,732        2,028,606  

Lotes Co., Ltd.

     210,977        1,842,891  

Macronix International(b)

     6,843,000        6,947,880  

Makalot Industrial Co., Ltd.(b)

     464,800        2,464,491  

Marketech International Corp.

     299,000        481,877  

Mercuries & Associates Holding Ltd.*

     1,154,560        703,353  

Merida Industry Co., Ltd.

     232,043        1,320,105  

Merry Electronics Co., Ltd.(b)

     1,376,030        6,741,658  

Micro-Star International Co., Ltd.(b)

     3,007,877        8,754,736  

Mirle Automation Corp.

     661,560        825,231  

momo.com, Inc.

     127,000        1,070,460  

Namchow Holdings Co., Ltd.

     592,086        959,949  

Nan Kang Rubber Tire Co., Ltd.(b)

     1,392,000        2,025,780  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Nantex Industry Co., Ltd.

     784,615      $ 791,582  

Nichidenbo Corp.(b)

     406,000        642,544  

Nuvoton Technology Corp.(b)

     568,000        889,774  

OptoTech Corp.

     1,987,062        1,607,609  

Oriental Union Chemical Corp.(b)

     2,140,000        1,520,959  

Pan-International Industrial Corp.

     1,520,000        1,148,898  

Powertech Technology, Inc.

     3,766,000        10,585,028  

Primax Electronics Ltd.(b)

     2,205,000        4,200,406  

Qisda Corp.(b)

     8,108,000        5,527,380  

Radiant Opto-Electronics Corp.

     2,594,252        9,908,906  

Realtek Semiconductor Corp.(b)

     1,437,770        10,658,902  

Rechi Precision Co., Ltd.

     1,767,000        1,321,356  

Rexon Industrial Corp., Ltd.(b)

     279,000        800,367  

Ruentex Industries Ltd.*(b)

     2,056,200        4,433,908  

Run Long Construction Co., Ltd.(b)

     343,000        703,148  

Sanyang Motor Co., Ltd.

     2,540,000        1,719,286  

SDI Corp.(b)

     458,000        913,800  

Sercomm Corp.

     1,342,488        3,418,477  

Shin Zu Shing Co., Ltd.

     210,000        781,801  

Shinkong Insurance Co., Ltd.

     780,000        940,289  

Shinkong Synthetic Fibers Corp.

     3,981,000        1,462,825  

Shiny Chemical Industrial Co., Ltd.

     305,000        826,782  

Sigurd Microelectronics Corp.

     1,301,000        1,388,035  

Sinbon Electronics Co., Ltd.

     778,120        3,022,239  

Sincere Navigation Corp.

     947,240        490,039  

Sinon Corp.(b)

     2,504,000        1,497,178  

Sitronix Technology Corp.

     665,000        3,568,873  

Standard Foods Corp.

     1,537,896        3,078,320  

Sunny Friend Environmental Technology Co., Ltd.

     125,000        1,093,894  

Sunonwealth Electric Machine Industry Co., Ltd.

     980,000        1,190,865  

Supreme Electronics Co., Ltd.

     2,499,000        2,335,928  

Syncmold Enterprise Corp.

     838,915        2,076,703  

Synnex Technology International Corp.

     6,425,600        7,518,228  

Systex Corp.

     564,000        1,327,080  

TA Chen Stainless Pipe(b)

     601,809        674,076  

Ta Ya Electric Wire & Cable

     1,030,120        350,296  

Taichung Commercial Bank Co., Ltd.

     7,785,975        2,973,901  

Taiflex Scientific Co., Ltd.(b)

     1,055,000        1,446,929  

Taimide Tech, Inc.(b)

     271,100        416,815  

Tainan Spinning Co., Ltd.(b)

     2,847,000        1,032,370  

Taisun Enterprise Co., Ltd.

     825,000        529,179  

Taiwan Business Bank

     8,120,240        3,337,139  

Taiwan Cogeneration Corp.(b)

     1,400,970        1,323,097  

Taiwan Fertilizer Co., Ltd.(b)

     1,108,000        1,624,974  

Taiwan Glass Industry Corp.

     3,440,000        1,291,753  

Taiwan Hon Chuan Enterprise Co., Ltd.

     1,106,692        1,972,637  

Taiwan Paiho Ltd.(b)

     1,032,000        2,574,636  

Taiwan PCB Techvest Co., Ltd.

     1,093,302        1,265,114  

Taiwan Styrene Monomer

     2,426,000        1,700,769  

Taiwan Surface Mounting Technology Corp.(b)

     767,000        1,817,096  

Teco Electric and Machinery Co., Ltd.(b)

     5,827,683        4,696,033  

Test Research, Inc.

     812,115        1,293,123  

Thinking Electronic Industrial Co., Ltd.

     372,000      977,228  

Ton Yi Industrial Corp.

     2,470,538        943,637  

Tong Hsing Electronic Industries Ltd.

     594,918        2,416,144  

Tong Yang Industry Co., Ltd.

     1,477,685        2,233,829  

Topco Scientific Co., Ltd.

     784,521        2,414,922  

Transcend Information, Inc.

     1,454,479        3,019,177  

Tripod Technology Corp.

     2,403,928        8,639,558  

TSRC Corp.

     1,433,011        1,108,552  

Tung Ho Steel Enterprise Corp.(b)

     3,286,153        2,282,602  

TXC Corp.

     1,778,549        2,232,896  

TYC Brother Industrial Co., Ltd.

     1,020,000        1,029,058  

U-Ming Marine Transport Corp.

     1,050,420        1,135,928  

Unimicron Technology Corp.(b)

     2,905,000        4,087,197  

Union Bank of Taiwan

     5,818,880        1,959,977  

Unitech Printed Circuit Board Corp.

     766,000        872,797  

UPC Technology Corp.

     4,238,948        1,448,302  

USI Corp.

     1,462,090        607,938  

Visual Photonics Epitaxy Co., Ltd.

     474,750        1,683,266  

Voltronic Power Technology Corp.

     127,380        2,627,704  

Walsin Lihwa Corp.(b)

     11,018,000        5,149,511  

Walton Advanced Engineering, Inc.

     994,000        301,168  

Wan Hai Lines Ltd.

     2,439,000        1,434,729  

Weikeng Industrial Co., Ltd.

     1,921,431        1,127,175  

Winbond Electronics Corp.

     16,512,000        9,500,208  

Wistron Corp.(b)

     13,287,007        10,728,280  

Wistron NeWeb Corp.(b)

     1,108,722        2,916,138  

Wowprime Corp.

     375,000        934,342  

WPG Holdings Ltd.

     7,452,058        9,175,607  

WT Microelectronics Co., Ltd.(b)

     2,345,678        2,929,782  

YC Co., Ltd.

     1,081,462        409,585  

YC INOX Co., Ltd.

     2,347,000        1,982,027  

YFY, Inc.

     5,270,000        1,978,936  

Yieh Phui Enterprise Co., Ltd.

     2,517,988        740,191  

Yulon Motor Co., Ltd.(b)

     2,155,000        1,364,913  

Zeng Hsing Industrial Co., Ltd.

     362,000        1,546,036  

Zig Sheng Industrial Co., Ltd.(b)

     1,527,000        422,793  
     

 

 

 
Total Taiwan

 

     462,515,600  
Thailand – 6.5%

 

Amata Corp. PCL NVDR(b)

     1,361,600        1,112,964  

Ananda Development PCL NVDR(b)

     7,003,300        714,412  

AP Thailand PCL NVDR

     4,403,500        971,837  

Asia Plus Group Holdings PCL NVDR(b)

     15,403,400        1,047,542  

Bangchak Corp. PCL NVDR(b)

     1,987,300        1,770,604  

Bangkok Chain Hospital PCL NVDR

     1,828,400        944,539  

Bangkok Land PCL NVDR

     42,886,914        2,061,264  

BCPG PCL NVDR(b)

     1,751,300        1,042,134  

Beauty Community PCL NVDR(b)

     9,406,600        738,134  

Big Camera Corp. PCL NVDR(b)

     10,699,600        265,872  

Carabao Group PCL NVDR

     472,700        1,259,606  

Central Plaza Hotel PCL NVDR

     983,800        1,061,481  

CH Karnchang PCL NVDR

     936,825        701,432  

Chularat Hospital PCL NVDR

     9,444,100        759,604  

Com7 PCL NVDR

     742,400        592,269  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Eastern Polymer Group PCL NVDR

     2,828,900      $ 652,076  

Eastern Water Resources Development and Management PCL NVDR

     3,197,900        1,296,517  

Erawan Group PCL (The) NVDR(b)

     2,123,100        406,086  

Esso Thailand PCL NVDR(b)

     7,751,100        2,040,097  

Forth Smart Service PCL NVDR(b)

     3,038,905        645,836  

GFPT PCL NVDR

     1,270,300        743,448  

Gunkul Engineering PCL NVDR

     9,988,859        1,012,439  

Hana Microelectronics PCL NVDR(b)

     2,588,200        2,390,605  

Jasmine International PCL NVDR(b)

     32,073,700        6,711,515  

Jay Mart PCL NVDR(b)

     1,556,088        478,248  

JMT Network Services PCL NVDR

     1,992,400        1,159,546  

JWD Infologistics PCL NVDR

     2,449,800        704,863  

KCE Electronics PCL NVDR

     1,497,500        812,768  

KGI Securities Thailand PCL NVDR

     10,050,700        1,478,769  

Kiatnakin Bank PCL NVDR(b)

     1,546,906        3,338,100  

LPN Development PCL NVDR(b)

     5,306,318        980,242  

Major Cineplex Group PCL NVDR

     2,553,600        1,995,457  

MBK PCL NVDR(b)

     1,996,300        1,462,060  

MC Group PCL NVDR(b)

     1,402,300        348,454  

Mega Lifesciences PCL NVDR(b)

     724,300        740,048  

MK Restaurants Group PCL NVDR(b)

     1,119,900        2,737,045  

Origin Property PCL NVDR

     4,054,900        1,034,109  

Polyplex Thailand PCL NVDR

     1,465,700        675,703  

Pruksa Holding PCL NVDR

     4,072,500        2,223,664  

PTG Energy PCL NVDR(b)

     1,268,400        779,661  

Quality Houses PCL NVDR(b)

     27,374,244        2,362,858  

Ratch Group PCL NVDR

     1,831,600        4,281,818  

Robinson PCL NVDR

     1,042,200        2,172,315  

Sansiri PCL NVDR(b)

     42,869,100        1,681,966  

SC Asset Corp. PCL NVDR

     11,052,500        925,107  

Sermsang Power Corp. Co., Ltd. NVDR

     1,920,600        502,364  

Siam City Cement PCL NVDR(b)

     387,654        2,725,048  

Siam Future Development PCL NVDR

     3,946,260        754,802  

Siam Global House PCL NVDR(b)

     1,076,658        545,633  

Siamgas & Petrochemicals PCL NVDR(b)

     4,348,200        1,286,618  

Somboon Advance Technology PCL NVDR

     890,200        488,977  

SPCG PCL NVDR

     2,860,600        1,926,708  

Sri Trang Agro-Industry PCL NVDR(b)

     1,082,200        364,449  

Star Petroleum Refining PCL NVDR(b)

     11,350,370        3,451,314  

Supalai PCL NVDR(b)

     1,690,800        995,076  

Synnex Thailand PCL NVDR

     1,039,980        292,425  

Taokaenoi Food & Marketing PCL NVDR(b)

     1,421,380        497,262  

Thai Vegetable Oil PCL NVDR

     2,881,100        2,449,194  

Thanachart Capital PCL NVDR

     1,879,600        3,502,933  

Thonburi Healthcare Group PCL NVDR(b)

     695,800        536,893  

Tisco Financial Group PCL NVDR

     1,923,757        6,447,118  

TPI Polene Power PCL NVDR

     12,755,900        1,993,565  

TTW PCL NVDR

     7,160,400        3,207,372  

Unique Engineering & Construction PCL NVDR(b)

     1,894,600        582,287  

Univentures PCL NVDR

     2,253,400        449,427  

VGI PCL NVDR(b)

     3,447,900        1,110,408  

Vinythai PCL NVDR

     719,600        578,786  

WHA Corp. PCL NVDR(b)

     22,979,600      3,576,358  

WHA Utilities and Power PCL NVDR

     3,999,000        889,102  

Workpoint Entertainment PCL NVDR

     573,600        380,712  
     

 

 

 
Total Thailand

 

     102,849,945  
Turkey – 1.6%

 

Aksa Akrilik Kimya Sanayii AS

     910,222        1,571,711  

Anadolu Cam Sanayii AS

     1        1  

Anadolu Efes Biracilik ve Malt Sanayii AS

     439,524        1,703,141  

Aselsan Elektronik Sanayi ve Ticaret AS

     1        3  

Aslan Cimento AS*

     72,326        369,668  

Aygaz AS

     930,205        1,935,696  

Borusan Mannesmann Boru Sanayi ve Ticaret AS

     305,007        509,920  

Coca-Cola Icecek AS

     180,013        1,073,734  

EGE Endustri VE Ticaret AS

     7,108        594,169  

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     17,623,046        4,338,268  

Enerjisa Enerji AS(a)

     1,377,290        1,517,178  

Kordsa Teknik Tekstil AS

     351,459        789,872  

Soda Sanayii AS

     1,198,736        1,254,677  

TAV Havalimanlari Holding AS

     699,816        2,924,937  

Tekfen Holding AS

     554,702        1,880,279  

Tofas Turk Otomobil Fabrikasi AS

     837,582        3,008,264  

Trakya Cam Sanayii AS

     1,240,985        652,745  

Turkiye Sise ve Cam Fabrikalari AS

     1,397,635        1,155,930  
     

 

 

 
Total Turkey

 

     25,280,193  
TOTAL COMMON STOCKS
(Cost: $1,569,725,988)

 

     1,576,751,673  
EXCHANGE-TRADED FUND – 0.3%

 

United States – 0.3%

 

WisdomTree Emerging Markets High Dividend Fund(b)(c)

 

  
(Cost: $3,653,681)      89,462        3,695,675  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%

 

United States – 0.6%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 2.09%(d)

 

  
(Cost: $9,976,857)(e)      9,976,857        9,976,857  
TOTAL INVESTMENTS IN SECURITIES – 100.1%
(Cost: $1,583,356,526)

 

     1,590,424,205  

Other Assets less Liabilities – (0.1)%

        (1,279,674
     

 

 

 
NET ASSETS – 100.0%             $ 1,589,144,531  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $587,619, which represents 0.04% 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 September 30, 2019 (See Note 2).

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(e) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $159,061,920 and the total market value of the collateral held by the Fund was $183,721,806. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $173,744,949.

NVDR – Non-Voting Depositary Receipt

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2019

 

 

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

UBS AG

    10/2/2019       255,173       USD       2,000,000       HKD     $ 52     $  

 

CURRENCY LEGEND
HKD   Hong Kong dollar
USD   U.S. dollar

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Australia – 5.3%      

Altium Ltd.

     3,715      $ 83,561  

Aristocrat Leisure Ltd.

     22,150        457,135  

carsales.com Ltd.

     18,705        192,892  

Cochlear Ltd.

     2,189        307,307  

Corporate Travel Management Ltd.(a)

     3,132        39,882  

CSL Ltd.

     13,528        2,132,178  

Domino’s Pizza Enterprises Ltd.(a)

     4,369        136,873  

Northern Star Resources Ltd.

     15,842        117,958  

REA Group Ltd.(a)

     4,511        329,253  

Reece Ltd.

     24,964        182,513  
     

 

 

 
Total Australia               3,979,552  
Belgium – 0.3%      

Melexis N.V.(a)

     2,976        206,184  
Brazil – 2.1%      

Ambev S.A.

     120,906        558,756  

BB Seguridade Participacoes S.A.

     40,499        340,587  

CCR S.A.

     66,357        274,801  

IRB Brasil Resseguros S.A.

     10,500        94,932  

Localiza Rent a Car S.A.

     6,715        73,286  

Lojas Renner S.A.

     9,345        113,228  

Magazine Luiza S.A.

     3,200        28,455  

Natura Cosmeticos S.A.

     4,818        39,165  

Raia Drogasil S.A.

     2,201        50,626  
     

 

 

 
Total Brazil               1,573,836  
Canada – 3.2%      

Alimentation Couche-Tard, Inc. Class B

     12,674        388,644  

Canadian Pacific Railway Ltd.

     3,088        686,684  

CCL Industries, Inc. Class B

     3,901        157,454  

CI Financial Corp.

     42,400        619,027  

Constellation Software, Inc.

     269        268,827  

FirstService Corp.

     600        61,554  

Toromont Industries Ltd.

     2,720        131,480  

West Fraser Timber Co., Ltd.

     1,900        76,058  
     

 

 

 
Total Canada               2,389,728  
Chile – 0.1%      

Aguas Andinas S.A. Class A

     167,984        91,996  
China – 5.9%

 

AAC Technologies Holdings, Inc.(a)

     21,000        111,169  

Anhui Conch Cement Co., Ltd. Class H

     37,000        219,704  

ANTA Sports Products Ltd.

     28,000        231,625  

Brilliance China Automotive Holdings Ltd.(a)

     44,000        47,259  

China Conch Venture Holdings Ltd.

     39,500        146,121  

China Gas Holdings Ltd.

     36,200        139,916  

China Medical System Holdings Ltd.

     47,000        55,877  

China Overseas Land & Investment Ltd.

     132,000        415,057  

China Resources Gas Group Ltd.

     18,000        88,974  

CIFI Holdings Group Co., Ltd.

     254,000        148,394  

Country Garden Holdings Co., Ltd.(a)

     417,000        528,205  

CSPC Pharmaceutical Group Ltd.

     56,400        113,240  

Dali Foods Group Co., Ltd.(b)

     70,500        43,257  

Geely Automobile Holdings Ltd.(a)

     113,000      191,711  

Haier Electronics Group Co., Ltd.

     17,000        44,347  

Haitian International Holdings Ltd.

     23,000        47,118  

Kingboard Laminates Holdings Ltd.

     96,000        86,578  

Logan Property Holdings Co., Ltd.

     62,000        88,262  

Luye Pharma Group Ltd.(a)(b)

     29,500        21,035  

MGM China Holdings Ltd.(a)

     10,400        16,212  

Minth Group Ltd.(a)

     22,000        74,508  

Shenzhou International Group Holdings Ltd.

     14,300        186,790  

Sino Biopharmaceutical Ltd.

     53,250        67,654  

SITC International Holdings Co., Ltd.

     67,000        69,056  

Sunac China Holdings Ltd.

     60,000        241,090  

Sunny Optical Technology Group Co., Ltd.

     6,500        95,518  

Tencent Holdings Ltd.

     16,300        686,565  

Xinyi Glass Holdings Ltd.

     144,000        158,522  

Xinyi Solar Holdings Ltd.

     169,787        101,793  

Zhuzhou CRRC Times Electric Co., Ltd. Class H

     8,300        34,357  
     

 

 

 
Total China               4,499,914  
Denmark – 3.1%      

Ambu A/S Class B(a)

     1,019        16,888  

Chr Hansen Holding A/S

     3,058        259,605  

Coloplast A/S Class B

     11,944        1,438,816  

DSV A/S

     1,842        175,309  

GN Store Nord A/S

     1,727        70,129  

Rockwool International A/S Class B

     264        52,811  

Royal Unibrew A/S

     2,421        199,660  

SimCorp A/S

     1,281        112,509  
     

 

 

 
Total Denmark               2,325,727  
Finland – 0.3%      

DNA Oyj

     10,925        248,690  
France – 3.8%

 

Gaztransport Et Technigaz S.A.

     3,627        359,235  

Ipsen S.A.

     1,596        151,550  

Safran S.A.

     14,713        2,316,994  

Trigano S.A.

     569        45,749  
     

 

 

 
Total France               2,873,528  
Germany – 5.1%      

1&1 Drillisch AG

     18,070        563,417  

adidas AG

     6,717        2,091,779  

Bechtle AG

     1,293        131,589  

CompuGroup Medical SE

     980        58,975  

CTS Eventim AG & Co. KGaA

     4,018        226,468  

Fuchs Petrolub SE

     3,563        129,544  

Hugo Boss AG

     7,308        391,587  

Nemetschek SE

     1,898        96,880  

Siltronic AG

     1,894        143,919  

Wirecard AG

     394        63,035  
     

 

 

 
Total Germany               3,897,193  
Hong Kong – 2.6%      

Galaxy Entertainment Group Ltd.

     200,000        1,243,718  

Melco International Development Ltd.

     22,000        52,310  

Techtronic Industries Co., Ltd.

     74,000        514,925  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

September 30, 2019

 

 

 

Investments    Shares      Value  

Vitasoy International Holdings Ltd.(a)

     40,000      $ 162,002  
     

 

 

 
Total Hong Kong               1,972,955  
India – 2.9%      

Alkem Laboratories Ltd.

     417        11,210  

Asian Paints Ltd.

     1,938        48,188  

Aurobindo Pharma Ltd.

     3,124        25,964  

Bajaj Auto Ltd.

     1,386        57,534  

Bajaj Holdings & Investment Ltd.

     634        32,146  

Bandhan Bank Ltd.(b)

     3,399        23,592  

Bharat Forge Ltd.

     3,396        21,389  

Bharti Infratel Ltd.

     45,541        165,344  

Biocon Ltd.

     404        1,271  

Cadila Healthcare Ltd.

     1,815        5,975  

Colgate-Palmolive India Ltd.

     1,849        39,239  

Dabur India Ltd.

     4,368        27,566  

Eicher Motors Ltd.

     116        29,079  

Emami Ltd.

     1,269        5,705  

Endurance Technologies Ltd.(b)

     116        1,657  

Godrej Consumer Products Ltd.

     3,627        35,175  

Graphite India Ltd.

     412        1,691  

Havells India Ltd.

     2,878        29,170  

Hero MotoCorp., Ltd.

     2,849        108,734  

Hindustan Unilever Ltd.

     8,702        243,364  

Indraprastha Gas Ltd.

     5,850        28,867  

InterGlobe Aviation Ltd.(b)

     1,385        36,930  

ITC Ltd.

     51,018        187,064  

JSW Steel Ltd.

     11,716        38,015  

Maruti Suzuki India Ltd.

     1,390        131,722  

Mindtree Ltd.

     1,765        17,628  

Motherson Sumi Systems Ltd.

     12,974        19,213  

Mphasis Ltd.

     1,510        20,391  

Nestle India Ltd.

     203        39,786  

Petronet LNG Ltd.

     12,714        46,627  

Pidilite Industries Ltd.

     2,326        47,386  

Shree Cement Ltd.

     75        19,989  

Siemens Ltd.

     1,369        29,286  

Sun Pharmaceutical Industries Ltd.

     2,828        15,541  

Tata Consultancy Services Ltd.

     11,837        350,640  

Tech Mahindra Ltd.

     9,304        93,803  

Titan Co., Ltd.

     1,772        31,831  

UPL Ltd.

     9,160        78,062  

Whirlpool of India Ltd.

     539        14,355  

Zee Entertainment Enterprises Ltd.

     3,984        14,925  
     

 

 

 
Total India               2,176,054  
Indonesia – 0.2%      

Charoen Pokphand Indonesia Tbk PT

     93,600        35,277  

Gudang Garam Tbk PT

     15,600        57,559  

United Tractors Tbk PT

     40,000        57,978  
     

 

 

 
Total Indonesia               150,814  
Italy – 2.4%      

De’ Longhi SpA

     13,943        262,971  

Ferrari N.V.

     3,098        478,077  

IMA Industria Macchine Automatiche SpA(a)

     2,358        165,038  

Moncler SpA

     5,440      193,934  

Recordati SpA

     14,718        631,553  

Reply SpA

     604        35,459  

Technogym SpA(b)

     5,397        60,015  
     

 

 

 
Total Italy               1,827,047  
Japan – 14.2%      

Advantest Corp.

     7,300        322,531  

Asahi Intecc Co., Ltd.

     3,000        78,751  

Benefit One, Inc.(a)

     3,700        69,909  

Daito Trust Construction Co., Ltd.(a)

     7,700        983,919  

en-japan, Inc.

     1,000        38,260  

GMO Payment Gateway, Inc.(a)

     800        53,518  

Harmonic Drive Systems, Inc.(a)

     2,000        86,977  

Haseko Corp.

     25,100        292,166  

Hoya Corp.

     10,700        873,128  

Kakaku.com, Inc.

     8,200        201,671  

Kaken Pharmaceutical Co., Ltd.

     2,900        134,434  

M3, Inc.

     3,900        93,896  

MonotaRO Co., Ltd.(a)

     3,000        78,446  

Murata Manufacturing Co., Ltd.

     26,200        1,256,970  

Nidec Corp.

     4,700        631,450  

Nihon M&A Center, Inc.(a)

     2,600        73,134  

Open House Co., Ltd.(a)

     4,800        114,321  

Oracle Corp.

     4,300        372,806  

Pigeon Corp.(a)

     3,600        148,397  

Pilot Corp.

     700        25,908  

Relo Group, Inc.

     2,300        56,353  

Seria Co., Ltd.(a)

     2,000        48,540  

Sysmex Corp.(a)

     3,900        260,974  

T-Gaia Corp.

     5,200        104,842  

TechnoPro Holdings, Inc.

     1,500        88,827  

Tokai Carbon Co., Ltd.(a)

     3,800        38,220  

Tokyo Electron Ltd.(a)

     19,600        3,729,577  

Trend Micro, Inc.

     7,000        332,917  

ZOZO, Inc.(a)

     6,500        149,877  
     

 

 

 
Total Japan               10,740,719  
Malaysia – 0.2%      

Fraser & Neave Holdings Bhd

     5,500        45,844  

Hartalega Holdings Bhd

     20,600        25,830  

Nestle Malaysia Bhd

     900        31,318  

Press Metal Aluminium Holdings Bhd

     27,800        31,605  

Top Glove Corp. Bhd

     23,400        24,870  

Westports Holdings Bhd

     26,400        26,041  
     

 

 

 
Total Malaysia               185,508  
Mexico – 0.6%

 

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

     25,159        230,705  

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

     14,500        85,983  

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

     61,004        122,447  
     

 

 

 
Total Mexico               439,135  
Netherlands – 4.9%

 

ASML Holding N.V.

     9,525        2,359,799  

Koninklijke DSM N.V.

     11,163        1,343,557  
     

 

 

 
Total Netherlands               3,703,356  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

September 30, 2019

 

 

 

Investments    Shares      Value  
New Zealand – 0.5%

 

Fisher & Paykel Healthcare Corp., Ltd.

     23,209      $ 251,770  

Ryman Healthcare Ltd.

     18,972        158,103  
     

 

 

 
Total New Zealand               409,873  
Norway – 5.9%

 

Austevoll Seafood ASA

     10,868        103,167  

Leroy Seafood Group ASA

     32,665        198,666  

Salmar ASA

     12,361        542,820  

Telenor ASA

     180,209        3,620,662  
     

 

 

 
Total Norway               4,465,315  
Philippines – 0.1%

 

DMCI Holdings, Inc.

     207,200        33,221  

Jollibee Foods Corp.

     5,670        24,286  

Semirara Mining & Power Corp.

     54,170        23,829  
     

 

 

 
Total Philippines               81,336  
Poland – 0.0%

 

CCC S.A.

     328        11,315  
Russia – 0.9%

 

Mobile TeleSystems PJSC ADR

     46,273        374,811  

Novatek PJSC GDR Reg S

     1,340        271,752  

PhosAgro PJSC GDR Reg S

     4,915        62,765  
     

 

 

 
Total Russia               709,328  
South Africa – 1.1%

 

Assore Ltd.(a)

     2,836        47,707  

Capitec Bank Holdings Ltd.

     1,100        93,400  

Clicks Group Ltd.

     6,052        85,812  

Life Healthcare Group Holdings Ltd.

     54,115        80,945  

Mr. Price Group Ltd.

     6,243        65,158  

Naspers Ltd. Class N

     1,293        195,713  

Pick n Pay Stores Ltd.

     12,486        49,030  

RMB Holdings Ltd.

     37,528        185,876  
     

 

 

 
Total South Africa               803,641  
South Korea – 1.2%

 

Amorepacific Corp.

     226        26,546  

NAVER Corp.

     218        28,613  

NCSoft Corp.

     321        139,816  

SK Hynix, Inc.

     8,616        592,096  

Woongjin Coway Co., Ltd.

     1,883        133,179  
     

 

 

 
Total South Korea               920,250  
Spain – 0.3%      

Prosegur Cash S.A.(b)

     146,875        211,042  
Sweden – 7.4%

 

Atlas Copco AB Class A

     89,914        2,772,733  

Atlas Copco AB Class B

     45,792        1,242,587  

Beijer Ref AB

     3,088        70,289  

Evolution Gaming Group AB(b)

     7,701        151,637  

Fabege AB

     14,229        234,734  

Hexpol AB

     18,163        139,564  

Indutrade AB

     5,220        146,532  

Investment AB Latour Class B

     29,296        386,158  

Lifco AB Class B

     2,307        108,919  

Sweco AB Class B

     5,972      169,828  

Thule Group AB(b)

     7,823        148,310  
     

 

 

 
Total Sweden               5,571,291  
Switzerland – 6.9%

 

EMS-Chemie Holding AG Registered Shares

     1,928        1,201,677  

Logitech International S.A. Registered Shares

     7,290        295,943  

Partners Group Holding AG

     1,704        1,308,653  

Roche Holding AG Bearer Shares

     4,258        1,233,225  

Schindler Holding AG Participation Certificate

     1,817        406,713  

Straumann Holding AG Registered Shares

     288        235,622  

Sunrise Communications Group AG*(b)

     5,198        404,778  

Temenos AG Registered Shares*

     787        131,805  
     

 

 

 
Total Switzerland               5,218,416  
Taiwan – 5.2%

 

Advantech Co., Ltd.

     11,000        96,795  

Catcher Technology Co., Ltd.

     33,000        249,964  

Eclat Textile Co., Ltd.

     5,283        70,839  

Feng TAY Enterprise Co., Ltd.

     13,684        98,138  

Hiwin Technologies Corp.

     4,120        35,922  

Largan Precision Co., Ltd.

     2,000        286,870  

Micro-Star International Co., Ltd.

     42,000        122,245  

Nien Made Enterprise Co., Ltd.

     8,000        70,138  

Novatek Microelectronics Corp.

     33,000        189,334  

President Chain Store Corp.

     42,000        392,593  

Taiwan Semiconductor Manufacturing Co., Ltd.

     251,000        2,200,583  

Walsin Technology Corp.

     7,000        39,372  

Yageo Corp.

     8,000        63,563  
     

 

 

 
Total Taiwan               3,916,356  
Thailand – 1.1%

 

Advanced Info Service PCL NVDR

     35,400        254,635  

Airports of Thailand PCL NVDR

     47,400        115,846  

Bangkok Dusit Medical Services PCL NVDR

     93,200        73,743  

Central Pattana PCL NVDR

     34,250        76,148  

CP ALL PCL

     44,756        118,530  

Energy Absolute PCL NVDR

     13,200        20,716  

Home Product Center PCL NVDR

     126,100        70,502  

Indorama Ventures PCL NVDR

     47,000        49,943  

VGI PCL NVDR

     175,400        56,488  
     

 

 

 
Total Thailand               836,551  
Turkey – 0.5%

 

BIM Birlesik Magazalar AS

     9,022        78,484  

Eregli Demir ve Celik Fabrikalari T.A.S.

     108,739        131,916  

Ford Otomotiv Sanayi AS

     3,730        39,239  

Iskenderun Demir ve Celik AS

     18,299        19,931  

KOC Holding AS

     23,949        80,204  
     

 

 

 
Total Turkey               349,774  
United Kingdom – 11.3%

 

Ashmore Group PLC

     79,720        497,089  

Ashtead Group PLC

     19,594        546,658  

British American Tobacco PLC

     106,185        3,935,366  

Countryside Properties PLC(b)

     36,348        150,500  

Croda International PLC

     5,513        330,172  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

September 30, 2019

 

 

 

Investments    Shares      Value  

Diploma PLC

     5,051      $ 103,511  

Electrocomponents PLC

     21,653        171,785  

Fevertree Drinks PLC

     1,500        44,788  

Halma PLC

     8,785        213,376  

Hargreaves Lansdown PLC

     24,417        625,551  

Hays PLC

     193,551        359,677  

Howden Joinery Group PLC

     41,042        283,428  

JD Sports Fashion PLC

     9,809        90,826  

NMC Health PLC

     1,990        66,457  

Pagegroup PLC

     37,361        202,207  

Redrow PLC

     44,055        335,506  

Rightmove PLC

     35,097        238,135  

Softcat PLC

     6,758        83,445  

Unite Group PLC (The)

     17,507        235,587  
     

 

 

 
Total United Kingdom               8,514,064  
TOTAL COMMON STOCKS
(Cost: $68,414,724)
              75,300,488  
EXCHANGE-TRADED FUNDS – 0.0%

 

United States – 0.0%

 

WisdomTree Emerging Markets High Dividend Fund(a)(c)

     167        6,899  

WisdomTree International Equity Fund(c)

     210        10,441  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $17,252)
              17,340  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5%

 

United States – 4.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(d)

     
(Cost: $3,410,339)(e)      3,410,339      3,410,339  
TOTAL INVESTMENTS IN SECURITIES – 104.1%
(Cost: $71,842,315)
        78,728,167  

Other Assets less Liabilities – (4.1)%

 

     (3,089,777
     

 

 

 
NET ASSETS – 100.0%             $ 75,638,390  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(e) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $7,199,858 and the total market value of the collateral held by the Fund was $7,639,885. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $4,229,546.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

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

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and
Description of
Currency to
be Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/3/2019       8,190       USD       64,218       HKD     $     $ (2

Citibank N.A.

    10/2/2019       7,143       USD       108,420       ZAR             (7
                                            $     $ (9

 

CURRENCY LEGEND
HKD   Hong Kong dollar
USD   U.S. dollar
ZAR   South African rand

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Australia – 11.3%      

Abacus Property Group

     85,834      $ 226,932  

BWP Trust

     89,943        239,615  

Charter Hall Group

     56,509        444,010  

Charter Hall Retail REIT

     66,254        189,911  

Cromwell Property Group(a)

     370,609        317,446  

Dexus

     124,835        1,004,446  

Goodman Group

     128,995        1,233,669  

GPT Group (The)

     234,611        974,717  

Growthpoint Properties Australia Ltd.

     105,943        308,678  

LendLease Group(a)

     55,422        656,381  

Mirvac Group

     462,899        955,338  

Scentre Group

     787,722        2,087,926  

Shopping Centres Australasia Property Group

     113,579        199,935  

Stockland(a)

     417,980        1,282,675  

Vicinity Centres

     614,396        1,064,955  

Viva Energy REIT

     116,713        224,344  
     

 

 

 
Total Australia               11,410,978  
Austria – 0.6%

 

CA Immobilien Anlagen AG

     6,916        245,421  

IMMOFINANZ AG*

     9,818        273,476  

S IMMO AG

     4,852        111,612  
     

 

 

 
Total Austria               630,509  
Belgium – 1.0%

 

Befimmo S.A.

     3,355        206,290  

Cofinimmo S.A.

     2,847        401,011  

Warehouses De Pauw CVA

     2,338        429,232  
     

 

 

 
Total Belgium               1,036,533  
Brazil – 0.1%

 

Multiplan Empreendimentos Imobiliarios S.A.

     17,569        121,685  
Canada – 5.9%

 

Allied Properties Real Estate Investment Trust

     9,124        369,164  

Artis Real Estate Investment Trust

     34,510        327,897  

Boardwalk Real Estate Investment Trust

     3,363        112,803  

Canadian Apartment Properties REIT

     10,086        414,943  

Choice Properties Real Estate Investment Trust

     27,794        303,131  

Cominar Real Estate Investment Trust

     32,241        320,705  

Dream Global Real Estate Investment Trust

     30,370        381,231  

Dream Office Real Estate Investment Trust

     6,857        153,350  

First Capital Realty, Inc.

     30,087        501,526  

Granite Real Estate Investment Trust

     6,059        293,569  

H&R Real Estate Investment Trust

     51,730        903,712  

Killam Apartment Real Estate Investment Trust

     8,055        121,859  

Northview Apartment Real Estate Investment Trust

     9,787        213,037  

RioCan Real Estate Investment Trust

     47,617        948,743  

SmartCentres Real Estate Investment Trust

     21,140        518,920  

Tricon Capital Group, Inc.

     11,099        85,171  
     

 

 

 
Total Canada               5,969,761  
Chile – 0.1%      

Parque Arauco S.A.

     42,653        121,831  
China – 10.8%

 

Agile Group Holdings Ltd.

     466,000      565,901  

Central China Real Estate Ltd.

     135,000        57,345  

China Aoyuan Group Ltd.

     210,000        237,875  

China Jinmao Holdings Group Ltd.

     999,000        572,175  

China Overseas Land & Investment Ltd.

     350,049        1,100,685  

China Resources Land Ltd.

     270,000        1,131,400  

China SCE Group Holdings Ltd.

     335,000        154,266  

China South City Holdings Ltd.

     388,800        46,124  

China Vanke Co., Ltd. Class H

     154,400        537,684  

CIFI Holdings Group Co., Ltd.

     655,900        383,195  

Country Garden Holdings Co., Ltd.(a)

     1,058,000        1,340,146  

Future Land Development Holdings Ltd.*(a)

     186,000        162,288  

Greentown China Holdings Ltd.(a)

     54,000        43,741  

Guangzhou R&F Properties Co., Ltd. Class H(a)

     274,800        415,737  

Hopson Development Holdings Ltd.

     122,000        122,009  

Kaisa Group Holdings Ltd.*

     297,000        130,326  

KWG Group Holdings Ltd.*

     352,000        308,473  

Logan Property Holdings Co., Ltd.

     152,000        216,384  

Longfor Group Holdings Ltd.(b)

     166,500        622,299  

Poly Property Group Co., Ltd.

     320,000        111,437  

Powerlong Real Estate Holdings Ltd.

     360,000        253,948  

Shenzhen Investment Ltd.

     670,000        246,996  

Shimao Property Holdings Ltd.

     189,500        553,556  

Shui On Land Ltd.

     563,000        112,034  

Sino-Ocean Group Holding Ltd.

     753,700        255,739  

Sunac China Holdings Ltd.

     148,900        598,305  

Times China Holdings Ltd.(a)

     95,000        147,843  

Yuexiu Property Co., Ltd.

     1,090,000        236,370  

Yuzhou Properties Co., Ltd.

     521,000        207,353  
     

 

 

 
Total China               10,871,634  
Finland – 0.4%      

Citycon Oyj(a)

     35,432        371,794  
France – 8.4%

 

Covivio

     12,213        1,292,849  

Gecina S.A.

     7,788        1,224,327  

ICADE

     11,057        989,058  

Klepierre S.A.

     54,547        1,852,996  

Mercialys S.A.

     18,740        249,250  

Nexity S.A.

     7,977        379,864  

Unibail-Rodamco-Westfield

     17,245        2,514,567  
     

 

 

 
Total France               8,502,911  
Germany – 4.5%

 

alstria office REIT-AG

     18,447        316,546  

Deutsche Euroshop AG

     8,450        238,412  

Deutsche Wohnen SE Bearer Shares

     18,493        675,194  

LEG Immobilien AG

     5,194        594,562  

PATRIZIA AG

     3,955        73,515  

TAG Immobilien AG*

     11,854        270,612  

TLG Immobilien AG

     10,143        275,895  

Vonovia SE

     42,394        2,151,445  
     

 

 

 
Total Germany               4,596,181  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

September 30, 2019

 

 

 

Investments    Shares      Value  
Hong Kong – 19.0%

 

Champion REIT

     727,000      $ 470,175  

Hang Lung Group Ltd.

     117,649        292,944  

Hang Lung Properties Ltd.

     572,283        1,299,415  

Henderson Land Development Co., Ltd.

     528,915        2,462,612  

Hui Xian REIT

     963,634        433,158  

Hysan Development Co., Ltd.

     97,115        391,463  

Joy City Property Ltd.

     320,000        33,880  

Kowloon Development Co., Ltd.

     86,000        102,462  

Link REIT

     190,115        2,096,518  

New World Development Co., Ltd.

     1,169,054        1,518,097  

Sino Land Co., Ltd.

     677,735        1,018,409  

Sun Hung Kai Properties Ltd.

     294,310        4,234,784  

Sunlight Real Estate Investment Trust

     228,000        152,399  

Swire Pacific Ltd. Class A

     63,778        593,490  

Swire Pacific Ltd. Class B

     262,500        383,735  

Swire Properties Ltd.

     432,341        1,356,684  

Wharf Holdings Ltd. (The)

     476,872        1,040,196  

Wheelock & Co., Ltd.

     178,231        1,015,131  

Yuexiu Real Estate Investment Trust

     491,000        314,414  
     

 

 

 
Total Hong Kong               19,209,966  
Ireland – 0.2%

 

Green REIT PLC

     62,448        129,762  

Hibernia REIT PLC

     36,876        59,097  
     

 

 

 
Total Ireland               188,859  
Israel – 1.7%

 

Alony Hetz Properties & Investments Ltd.

     14,723        215,393  

Amot Investments Ltd.

     55,120        408,032  

Azrieli Group Ltd.

     7,450        585,146  

Gazit-Globe Ltd.

     23,958        241,455  

Melisron Ltd.

     3,910        252,545  
     

 

 

 
Total Israel               1,702,571  
Japan – 7.5%

 

Aeon Mall Co., Ltd.

     10,230        161,389  

Daibiru Corp.

     5,400        55,262  

Daito Trust Construction Co., Ltd.(a)

     7,800        996,697  

Daiwa House Industry Co., Ltd.(a)

     55,800        1,810,176  

Hulic Co., Ltd.

     37,400        382,392  

Ichigo, Inc.

     20,400        82,110  

Invesco Office J-REIT, Inc.

     807        160,466  

Invincible Investment Corp.

     773        477,068  

Katitas Co., Ltd.(a)

     1,800        73,949  

Mitsubishi Estate Co., Ltd.

     51,389        990,929  

Mitsui Fudosan Co., Ltd.

     42,308        1,048,745  

Nomura Real Estate Holdings, Inc.(a)

     15,465        333,984  

Open House Co., Ltd.(a)

     6,200        147,664  

Relo Group, Inc.

     3,000        73,504  

Sumitomo Realty & Development Co., Ltd.

     8,679        330,296  

Tokyo Tatemono Co., Ltd.

     15,500        217,710  

Tokyu Fudosan Holdings Corp.(a)

     36,468        232,491  
     

 

 

 
Total Japan               7,574,832  
Malaysia – 0.5%

 

IGB Real Estate Investment Trust

     237,200      115,569  

IOI Properties Group Bhd

     165,275        45,000  

Pavilion Real Estate Investment Trust

     87,900        37,998  

Sime Darby Property Bhd

     366,200        73,467  

SP Setia Bhd

     161,375        52,417  

Sunway Bhd

     202,429        83,157  

Sunway Real Estate Investment Trust

     162,896        74,698  
     

 

 

 
Total Malaysia               482,306  
Mexico – 1.4%

 

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

     126,086        175,425  

Fibra Uno Administracion S.A. de C.V.

     599,373        875,502  

PLA Administradora Industrial S de RL de C.V.

     191,948        296,808  

Prologis Property Mexico S.A. de C.V.

     57,850        120,247  
     

 

 

 
Total Mexico               1,467,982  
Netherlands – 0.4%

 

Eurocommercial Properties N.V. CVA

     8,167        227,577  

Wereldhave N.V.(a)

     8,096        180,056  
     

 

 

 
Total Netherlands               407,633  
New Zealand – 0.6%

 

Goodman Property Trust

     164,007        227,792  

Kiwi Property Group Ltd.

     207,953        217,763  

Precinct Properties New Zealand Ltd.

     135,867        158,889  
     

 

 

 
Total New Zealand               604,444  
Norway – 0.3%

 

Entra ASA(b)

     17,805        279,442  
Philippines – 0.5%

 

Altus San Nicolas Corp.*

     2,084        209  

Ayala Land, Inc.

     206,800        197,304  

Megaworld Corp.

     535,400        45,142  

Robinsons Land Corp.

     108,247        51,168  

SM Prime Holdings, Inc.

     268,875        192,980  
     

 

 

 
Total Philippines               486,803  
Russia – 0.1%      

LSR Group PJSC GDR Reg S

     66,445        144,186  
Singapore – 10.4%

 

Ascendas Real Estate Investment Trust

     445,484        1,005,069  

Ascott Residence Trust

     347,788        331,969  

Bukit Sembawang Estates Ltd.

     19,100        66,986  

CapitaLand Commercial Trust

     458,175        685,821  

CapitaLand Ltd.

     416,089        1,062,112  

CapitaLand Mall Trust

     485,186        922,727  

CapitaLand Retail China Trust

     194,495        215,183  

CDL Hospitality Trusts(a)

     194,600        230,779  

City Developments Ltd.

     54,503        387,027  

Frasers Centrepoint Trust

     136,118        269,696  

Frasers Logistics & Industrial Trust

     247,899        222,283  

GuocoLand Ltd.

     109,800        159,591  

Ho Bee Land Ltd.

     66,200        111,538  

Keppel DC REIT(a)

     153,000        211,317  

Keppel REIT

     422,800        385,225  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

September 30, 2019

 

 

 

Investments    Shares      Value  

Manulife US Real Estate Investment Trust

     186,000      $ 165,540  

Mapletree Commercial Trust

     414,992        687,202  

Mapletree Industrial Trust

     286,918        504,166  

Mapletree Logistics Trust

     516,675        605,260  

Mapletree North Asia Commercial Trust

     631,400        602,681  

OUE Ltd.

     68,400        72,213  

Parkway Life Real Estate Investment Trust

     72,500        164,094  

SPH REIT

     157,200        123,905  

Starhill Global REIT

     359,384        193,608  

Suntec Real Estate Investment Trust

     361,528        496,712  

United Engineers Ltd.

     20,200        36,956  

UOL Group Ltd.

     55,500        300,998  

Wing Tai Holdings Ltd.

     29,300        43,434  

Yanlord Land Group Ltd.

     280,200        237,063  
     

 

 

 
Total Singapore               10,501,155  
South Africa – 2.1%

 

Growthpoint Properties Ltd.(a)

     642,982        979,580  

Hyprop Investments Ltd.

     49,236        200,808  

Redefine Properties Ltd.

     1,300,149        671,404  

Vukile Property Fund Ltd.

     178,885        224,160  
     

 

 

 
Total South Africa               2,075,952  
Spain – 0.6%

 

Inmobiliaria Colonial Socimi S.A.

     24,203        292,094  

Merlin Properties Socimi S.A.

     24,487        341,972  
     

 

 

 
Total Spain               634,066  
Sweden – 2.3%

 

Atrium Ljungberg AB Class B

     9,898        218,957  

Castellum AB

     24,906        533,981  

Fabege AB

     16,463        271,588  

Hemfosa Fastigheter AB

     17,176        174,168  

Hufvudstaden AB Class A

     14,433        261,587  

Klovern AB Class B

     87,300        163,108  

Kungsleden AB

     24,163        219,705  

Sagax AB Class B

     11,858        136,283  

Wallenstam AB Class B

     16,895        191,767  

Wihlborgs Fastigheter AB

     11,354        184,765  
     

 

 

 
Total Sweden               2,355,909  
Switzerland – 1.8%

 

Allreal Holding AG Registered Shares*

     1,702        327,377  

PSP Swiss Property AG Registered Shares

     4,435        563,520  

Swiss Prime Site AG Registered Shares*

     9,095        890,665  
     

 

 

 
Total Switzerland               1,781,562  
Taiwan – 0.3%      

Highwealth Construction Corp.

     179,110        288,082  
Thailand – 0.7%

 

Central Pattana PCL NVDR

     64,074        142,457  

Land & Houses PCL NVDR

     725,311        227,660  

MBK PCL NVDR

     68,700        50,315  

Pruksa Holding PCL NVDR

     94,300        51,490  

Quality Houses PCL NVDR

     1,018,100        87,879  

WHA Corp. PCL NVDR

     756,100        117,673  
     

 

 

 
Total Thailand               677,474  
Turkey – 0.1%      

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     483,339      118,984  
United Kingdom – 6.0%

 

Assura PLC

     266,522        234,174  

Big Yellow Group PLC

     13,950        178,610  

British Land Co. PLC (The)

     131,821        949,966  

Capital & Counties Properties PLC

     18,745        54,330  

CLS Holdings PLC

     34,070        99,923  

Derwent London PLC

     6,463        268,399  

Great Portland Estates PLC

     12,511        115,630  

Hammerson PLC

     115,176        402,517  

Land Securities Group PLC

     102,775        1,084,627  

Londonmetric Property PLC

     80,176        214,793  

NewRiver REIT PLC(a)

     62,262        149,154  

Primary Health Properties PLC

     78,203        127,786  

Safestore Holdings PLC

     14,709        121,172  

Savills PLC

     14,139        153,327  

Secure Income REIT PLC

     25,970        144,653  

Segro PLC

     75,278        752,139  

Shaftesbury PLC

     14,675        164,293  

St. Modwen Properties PLC

     9,414        50,348  

Tritax Big Box REIT PLC

     170,233        313,828  

Unite Group PLC (The)

     21,021        282,873  

Workspace Group PLC

     13,154        156,018  
     

 

 

 
Total United Kingdom               6,018,560  
TOTAL COMMON STOCKS
(Cost: $95,881,146)
              100,634,585  
RIGHTS – 0.0%

 

Singapore – 0.0%

 

Keppel DC REIT, expiring 10/7/19*

     16,065        2,324  

Manulife US Real Estate Investment Trust, expiring 10/10/19*

     9,672        290  
TOTAL RIGHTS
(Cost: $0)
              2,614  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.8%

 

United States – 4.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $4,869,315)(d)      4,869,315        4,869,315  
TOTAL INVESTMENTS IN SECURITIES – 104.4%
(Cost: $100,750,461)
        105,506,514  

Other Assets less Liabilities – (4.4)%

 

     (4,434,186
     

 

 

 
NET ASSETS – 100.0%

 

   $ 101,072,328  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $209, which represent less than 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

September 30, 2019

 

 

 

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $7,354,041 and the total market value of the collateral held by the Fund was $7,854,577. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,985,262.

CVA – Certificaten Van Aandelen (Certificate of Stock)

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

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

FINANCIAL DERIVATIVE INSTRUMENTS                                                 
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)                                                 
Counterparty   Settlement
Date
   

Amount and
Description of
Currency to
be Purchased

   

Amount and
Description of
Currency to be
Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Citibank N.A.

    10/3/2019       26,737       USD       209,620       HKD     $     $ (2

 

CURRENCY LEGEND
HKD   Hong Kong dollar
USD   U.S. dollar

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Australia – 3.6%      

AGL Energy Ltd.

     3,427      $ 44,285  

Alumina Ltd.

     22,955        36,692  

APA Group(a)

     4,299        33,228  

ASX Ltd.

     1,164        63,645  

Aurizon Holdings Ltd.

     17,039        67,803  

Australia & New Zealand Banking Group Ltd.

     11,590        222,937  

Bank of Queensland Ltd.(a)

     2,663        17,817  

Bendigo & Adelaide Bank Ltd.(a)

     3,625        28,092  

BHP Group Ltd.

     12,763        316,086  

BHP Group PLC

     9,758        208,317  

Boral Ltd.

     4,342        14,144  

Coca-Cola Amatil Ltd.

     3,151        22,633  

Commonwealth Bank of Australia

     7,320        399,056  

Crown Resorts Ltd.

     3,080        25,032  

Fortescue Metals Group Ltd.(a)

     15,901        94,375  

Harvey Norman Holdings Ltd.(a)

     9,033        27,598  

Insurance Australia Group Ltd.(a)

     10,250        54,614  

Macquarie Group Ltd.

     1,285        113,603  

Mineral Resources Ltd.(a)

     496        4,476  

National Australia Bank Ltd.

     13,522        270,861  

Rio Tinto Ltd.

     1,763        110,190  

Sonic Healthcare Ltd.

     2,083        39,407  

South32 Ltd.

     18,187        32,138  

Suncorp Group Ltd.

     5,911        54,422  

Sydney Airport

     14,150        76,634  

Tabcorp Holdings Ltd.

     10,363        33,898  

Telstra Corp., Ltd.

     47,828        113,224  

Transurban Group

     9,598        95,094  

Wesfarmers Ltd.

     4,790        128,578  

Westpac Banking Corp.

     14,993        299,720  

Whitehaven Coal Ltd.(a)

     4,174        8,755  

Woodside Petroleum Ltd.

     2,883        62,961  

Woolworths Group Ltd.

     4,017        101,001  
     

 

 

 
Total Australia               3,221,316  
Austria – 0.1%      

Lenzing AG

     145        13,966  

Oesterreichische Post AG

     713        25,030  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     257        6,696  

Voestalpine AG

     607        13,950  
     

 

 

 
Total Austria               59,642  
Belgium – 1.0%      

Ageas

     1,069        59,297  

Anheuser-Busch InBev S.A./N.V.

     6,773        645,503  

bpost S.A.

     1,783        18,703  

Cofinimmo S.A.

     296        41,693  

KBC Group N.V.

     1,124        73,057  

Proximus SADP

     2,315        68,774  
     

 

 

 
Total Belgium               907,027  
Brazil – 0.3%      

Banco Bradesco S.A.

     4,542        34,075  

Banco do Brasil S.A.

     3,900      42,592  

Banco Santander Brasil S.A.

     3,315        36,076  

BB Seguridade Participacoes S.A.

     4,484        37,709  

CCR S.A.

     9,198        38,091  

Cielo S.A.

     13,370        25,678  

Engie Brasil Energia S.A.

     3,661        39,015  

Itau Unibanco Holding S.A.

     3,505        25,345  

Ultrapar Participacoes S.A.

     3,900        17,312  
     

 

 

 
Total Brazil               295,893  
Canada – 2.9%      

AltaGas Ltd.(a)

     1,711        25,135  

ARC Resources Ltd.(a)

     1,452        6,920  

Bank of Montreal

     1,941        143,053  

Bank of Nova Scotia (The)

     2,724        154,820  

BCE, Inc.

     4,206        203,565  

Canadian Imperial Bank of Commerce(a)

     1,566        129,290  

CI Financial Corp.

     1,381        20,162  

Emera, Inc.(a)

     1,671        73,403  

Enbridge, Inc.

     8,391        294,699  

Fortis, Inc.

     1,022        43,234  

Great-West Lifeco, Inc.

     3,591        86,276  

Hydro One Ltd.(a)(b)

     2,535        46,890  

IGM Financial, Inc.(a)

     1,328        37,734  

Inter Pipeline Ltd.

     3,235        56,808  

Keyera Corp.

     1,180        28,671  

Manulife Financial Corp.(a)

     5,088        93,382  

National Bank of Canada

     1,144        56,958  

Norbord, Inc.

     1,022        24,516  

Pembina Pipeline Corp.

     2,408        89,318  

Power Corp. of Canada

     1,954        45,042  

Power Financial Corp.(a)

     2,634        61,115  

Royal Bank of Canada

     3,597        291,971  

Shaw Communications, Inc. Class B

     1,829        35,958  

Sun Life Financial, Inc.

     1,207        54,005  

TC Energy Corp.(a)

     3,599        186,474  

TELUS Corp.

     2,247        80,020  

Toronto-Dominion Bank (The)

     4,593        267,983  

Vermilion Energy, Inc.(a)

     823        13,719  
     

 

 

 
Total Canada               2,651,121  
Chile – 0.1%      

Banco Santander Chile

     735,747        51,902  

Enel Americas S.A.

     204,301        37,454  

Enel Chile S.A.

     159,047        13,766  
     

 

 

 
Total Chile               103,122  
China – 2.8%      

Agile Group Holdings Ltd.

     22,000        26,716  

Agricultural Bank of China Ltd. Class H

     155,074        60,729  

Bank of China Ltd. Class H

     474,366        186,372  

Bank of Communications Co., Ltd. Class H

     145,125        94,783  

Beijing Enterprises Water Group Ltd.*

     48,000        24,553  

China Cinda Asset Management Co., Ltd. Class H

     160,000        31,431  

China CITIC Bank Corp., Ltd. Class H

     71,000        37,857  

China Construction Bank Corp. Class H

     632,536        482,507  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2019

 

 

 

Investments    Shares      Value  

China Everbright Bank Co., Ltd. Class H

     36,000      $ 15,338  

China Jinmao Holdings Group Ltd.

     42,000        24,055  

China Mobile Ltd.

     32,500        268,850  

China Petroleum & Chemical Corp. Class H

     322,000        191,407  

China Resources Cement Holdings Ltd.

     20,000        20,053  

China Resources Power Holdings Co., Ltd.

     15,575        18,894  

China Shenhua Energy Co., Ltd. Class H

     25,500        51,199  

China Vanke Co., Ltd. Class H

     7,400        25,770  

CIFI Holdings Group Co., Ltd.

     40,000        23,369  

CNOOC Ltd.

     95,415        145,568  

Country Garden Holdings Co., Ltd.(a)

     46,000        58,267  

Dongfeng Motor Group Co., Ltd. Class H

     24,000        22,808  

Guangdong Investment Ltd.

     22,000        43,049  

Guangzhou Automobile Group Co., Ltd. Class H(a)

     30,000        28,701  

Industrial & Commercial Bank of China Ltd. Class H

     432,000        289,308  

Kingboard Holdings Ltd.

     10,500        27,792  

Kingboard Laminates Holdings Ltd.

     14,500        13,077  

KWG Group Holdings Ltd.*

     24,000        21,032  

Lenovo Group Ltd.

     46,000        30,689  

Logan Property Holdings Co., Ltd.

     8,000        11,389  

Longfor Group Holdings Ltd.(b)

     8,000        29,900  

Shimao Property Holdings Ltd.

     12,500        36,514  

Sino-Ocean Group Holding Ltd.

     47,775        16,211  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     40,000        11,634  

Weichai Power Co., Ltd. Class H

     18,000        25,946  

WH Group Ltd.(b)

     58,000        51,938  

Xinyi Glass Holdings Ltd.

     24,000        26,420  

Yanzhou Coal Mining Co., Ltd. Class H(a)

     20,000        20,308  

Yuexiu Property Co., Ltd.

     112,000        24,288  
     

 

 

 
Total China               2,518,722  
Czech Republic – 0.1%      

CEZ AS

     1,921        42,387  

Komercni Banka AS

     668        22,568  

O2 Czech Republic AS

     686        6,199  
     

 

 

 
Total Czech Republic               71,154  
Denmark – 0.2%      

Danske Bank A/S

     4,063        56,585  

ISS A/S

     780        19,305  

Pandora A/S

     606        24,325  

Tryg A/S

     1,562        44,772  
     

 

 

 
Total Denmark               144,987  
Finland – 0.8%      

Elisa Oyj

     959        49,452  

Fortum Oyj

     4,402        104,092  

Kesko Oyj Class B

     339        21,421  

Kone Oyj Class B

     1,369        77,967  

Metso Oyj

     881        32,915  

Nokia Oyj

     20,055        101,667  

Nokian Renkaat Oyj

     741        20,907  

Nordea Bank Abp

     20,021        142,153  

Sampo Oyj Class A

     2,140        85,109  

UPM-Kymmene Oyj

     2,468        72,969  
     

 

 

 
Total Finland               708,652  
France – 3.0%      

ALD S.A.(b)

     1,259      17,981  

Amundi S.A.(b)

     514        35,863  

AXA S.A.

     7,033        179,647  

BNP Paribas S.A.

     4,547        221,435  

Bouygues S.A.

     1,642        65,787  

Cie de Saint-Gobain

     1,716        67,348  

Cie Generale des Etablissements Michelin SCA

     524        58,498  

CNP Assurances

     2,615        50,546  

Credit Agricole S.A.

     8,744        106,194  

Engie S.A.

     11,365        185,604  

Eutelsat Communications S.A.

     1,076        20,030  

ICADE

     515        46,067  

Klepierre S.A.

     1,223        41,546  

Lagardere SCA

     1,065        23,570  

Metropole Television S.A.

     1,088        17,851  

Natixis S.A.

     12,180        50,525  

Orange S.A.

     10,835        170,038  

Publicis Groupe S.A.

     733        36,056  

Renault S.A.

     1,317        75,609  

Sanofi

     4,308        399,491  

SCOR SE

     963        39,779  

Societe Generale S.A.

     2,947        80,770  

Suez

     2,331        36,658  

TOTAL S.A.

     9,888        516,195  

Unibail-Rodamco-Westfield

     417        60,805  

Veolia Environnement S.A.

     2,162        54,824  
     

 

 

 
Total France               2,658,717  
Germany – 2.5%      

1&1 Drillisch AG

     642        20,018  

Allianz SE Registered Shares

     1,303        303,781  

Axel Springer SE*

     340        23,352  

BASF SE

     3,255        227,536  

Bayerische Motoren Werke AG

     2,495        175,688  

Daimler AG Registered Shares

     6,269        311,788  

Deutsche Lufthansa AG Registered Shares

     1,535        24,399  

Deutsche Post AG Registered Shares

     3,972        132,701  

Deutsche Telekom AG Registered Shares

     15,609        261,959  

E.ON SE

     7,811        75,950  

Evonik Industries AG

     1,773        43,781  

Freenet AG

     1,219        25,104  

Hannover Rueck SE

     364        61,549  

Hugo Boss AG

     427        22,880  

METRO AG

     1,485        23,442  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     525        135,877  

ProSiebenSat.1 Media SE

     1,632        22,489  

Siemens AG Registered Shares

     2,595        277,956  

Talanx AG

     934        40,363  

Telefonica Deutschland Holding AG

     18,568        51,781  

TUI AG

     1,813        21,080  
     

 

 

 
Total Germany               2,283,474  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2019

 

 

 

Investments    Shares      Value  
Hong Kong – 0.8%      

Bank of East Asia Ltd. (The)

     4,524      $ 11,138  

BOC Hong Kong Holdings Ltd.

     26,500        89,918  

CLP Holdings Ltd.

     7,000        73,532  

Hang Lung Properties Ltd.

     13,472        30,589  

Hang Seng Bank Ltd.

     4,600        99,166  

Henderson Land Development Co., Ltd.

     12,100        56,337  

Hysan Development Co., Ltd.

     6,000        24,186  

New World Development Co., Ltd.

     43,472        56,451  

PCCW Ltd.

     39,000        21,890  

Power Assets Holdings Ltd.

     10,000        67,161  

Sino Land Co., Ltd.

     26,000        39,069  

SJM Holdings Ltd.

     19,000        18,056  

Sun Hung Kai Properties Ltd.

     7,500        107,916  

Wharf Holdings Ltd. (The)

     12,519        27,308  
     

 

 

 
Total Hong Kong               722,717  
India – 0.3%      

Bharat Petroleum Corp., Ltd.

     7,805        51,773  

Bharti Infratel Ltd.

     6,322        22,953  

Coal India Ltd.

     13,880        39,142  

Hindustan Petroleum Corp., Ltd.

     6,703        28,536  

Indian Oil Corp., Ltd.

     24,900        51,789  

Vedanta Ltd.

     23,757        51,675  
     

 

 

 
Total India               245,868  
Indonesia – 0.2%      

Adaro Energy Tbk PT

     255,300        23,201  

Gudang Garam Tbk PT

     4,400        16,234  

Telekomunikasi Indonesia Persero Tbk PT

     342,500        103,993  
     

 

 

 
Total Indonesia               143,428  
Israel – 0.0%      

Bank Leumi Le-Israel BM

     2,651        18,869  
Italy – 1.5%      

ACEA SpA

     1,398        27,922  

Assicurazioni Generali SpA

     5,332        103,354  

Azimut Holding SpA

     1,601        30,056  

Banca Mediolanum SpA

     3,670        27,567  

De’ Longhi SpA

     529        9,977  

Enel SpA

     46,105        344,356  

Eni SpA

     15,697        240,162  

Hera SpA

     10,369        42,572  

Intesa Sanpaolo SpA

     101,408        240,512  

Mediobanca Banca di Credito Finanziario SpA

     2,709        29,593  

Poste Italiane SpA(b)

     5,346        60,788  

Snam SpA

     20,552        103,828  

Telecom Italia SpA RSP

     52,535        28,729  

Terna Rete Elettrica Nazionale SpA

     10,468        67,264  

UnipolSai Assicurazioni SpA(a)

     13,981        37,191  
     

 

 

 
Total Italy               1,393,871  
Japan – 2.3%      

Amada Holdings Co., Ltd.(a)

     2,300        24,772  

Aozora Bank Ltd.

     833        20,826  

Bridgestone Corp.

     2,100        81,299  

Canon, Inc.

     5,300      141,358  

Chugoku Electric Power Co., Inc. (The)(a)

     2,400        30,845  

Daito Trust Construction Co., Ltd.(a)

     200        25,556  

Daiwa Securities Group, Inc.(a)

     5,301        23,612  

ITOCHU Corp.(a)

     4,742        97,889  

Japan Exchange Group, Inc.(a)

     1,200        18,865  

Japan Post Holdings Co., Ltd.

     12,100        111,400  

Japan Tobacco, Inc.

     7,800        170,759  

JFE Holdings, Inc.

     1,900        22,855  

Marubeni Corp.(a)

     6,069        40,303  

Mitsubishi Corp.(a)

     3,200        78,494  

Mizuho Financial Group, Inc.

     62,200        95,307  

MS&AD Insurance Group Holdings, Inc.(a)

     1,400        45,339  

Nissan Motor Co., Ltd.(a)

     18,800        117,262  

Nomura Holdings, Inc.(a)

     13,500        57,198  

NTT DOCOMO, Inc.(a)

     10,900        277,656  

Resona Holdings, Inc.(a)

     6,200        26,561  

Sankyo Co., Ltd.

     500        17,187  

Sekisui House Ltd.

     2,600        51,122  

Subaru Corp.(a)

     2,600        73,134  

Sumitomo Chemical Co., Ltd.

     4,600        20,643  

Sumitomo Corp.(a)

     4,986        77,875  

Sumitomo Mitsui Financial Group, Inc.(a)

     3,200        109,406  

Takeda Pharmaceutical Co., Ltd.

     2,600        88,772  

Tokyo Electron Ltd.(a)

     700        133,199  
     

 

 

 
Total Japan               2,079,494  
Malaysia – 0.2%      

CIMB Group Holdings Bhd

     36,700        44,089  

DiGi.Com Bhd

     34,900        39,593  

Malayan Banking Bhd

     33,600        68,291  

Maxis Bhd

     29,200        39,054  

Sime Darby Bhd

     38,900        20,904  

YTL Power International Bhd

     34,090        6,025  
     

 

 

 
Total Malaysia               217,956  
Mexico – 0.1%      

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

     17,140        23,847  

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

     2,903        27,921  

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

     21,912        51,206  

Nemak S.A.B. de C.V.(b)

     10,246        4,619  
     

 

 

 
Total Mexico               107,593  
Netherlands – 0.5%      

ABN AMRO Bank N.V. CVA(b)

     3,457        60,961  

Aegon N.V.

     8,900        37,035  

ASR Nederland N.V.

     468        17,281  

Boskalis Westminster(a)

     655        13,667  

ING Groep N.V.

     14,104        147,673  

Koninklijke Ahold Delhaize N.V.

     3,562        89,141  

NN Group N.V.

     1,565        55,519  

Randstad N.V.(a)

     771        37,900  

Signify N.V.(b)

     916        25,195  
     

 

 

 
Total Netherlands               484,372  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2019

 

 

 

Investments    Shares      Value  
New Zealand – 0.2%      

Mercury NZ Ltd.

     11,749      $ 36,910  

Meridian Energy Ltd.

     19,195        62,588  

Spark New Zealand Ltd.

     17,317        47,887  
     

 

 

 
Total New Zealand               147,385  
Norway – 0.6%      

DNB ASA

     4,093        72,189  

Equinor ASA

     9,055        172,460  

Gjensidige Forsikring ASA

     2,053        40,751  

Mowi ASA

     2,714        62,698  

Norsk Hydro ASA

     7,139        25,143  

Orkla ASA

     2,954        26,907  

Salmar ASA

     454        19,937  

Telenor ASA

     6,861        137,847  
     

 

 

 
Total Norway               557,932  
Philippines – 0.0%      

Manila Electric Co.

     3,150        22,487  
Poland – 0.1%      

Bank Polska Kasa Opieki S.A.

     1,591        40,637  

Powszechny Zaklad Ubezpieczen S.A.

     3,526        32,875  
     

 

 

 
Total Poland               73,512  
Portugal – 0.2%      

EDP – Energias de Portugal S.A.

     17,731        68,854  

Galp Energia, SGPS, S.A.

     2,885        43,483  

Jeronimo Martins, SGPS, S.A.

     3,195        53,920  

Navigator Co. S.A. (The)

     6,178        22,105  
     

 

 

 
Total Portugal               188,362  
Russia – 1.7%      

Gazprom PJSC ADR

     40,219        277,672  

Lukoil PJSC ADR

     2,739        226,625  

Magnit PJSC GDR Reg S

     2,758        36,033  

MMC Norilsk Nickel PJSC ADR

     10,852        277,811  

Mobile TeleSystems PJSC ADR

     6,930        56,133  

Novolipetsk Steel PJSC GDR Reg S

     2,135        46,372  

PhosAgro PJSC GDR Reg S

     1,416        18,082  

Rosneft Oil Co. PJSC GDR Reg S

     6,542        41,973  

Sberbank of Russia PJSC ADR

     17,285        245,015  

Severstal PJSC GDR Reg S

     4,670        67,015  

Tatneft PJSC ADR

     3,104        197,104  

VTB Bank PJSC GDR Reg S

     20,361        26,368  

X5 Retail Group N.V. GDR Reg S

     1,365        47,748  
     

 

 

 
Total Russia               1,563,951  
Singapore – 0.8%      

CapitaLand Ltd.

     9,100        23,229  

ComfortDelGro Corp., Ltd.

     8,700        15,099  

DBS Group Holdings Ltd.

     7,100        128,354  

Frasers Property Ltd.

     29,500        37,331  

Jardine Cycle & Carriage Ltd.

     1,500        32,540  

Keppel Corp., Ltd.

     7,700        33,018  

Oversea-Chinese Banking Corp., Ltd.

     11,943        93,789  

Singapore Airlines Ltd.

     6,600        43,622  

Singapore Technologies Engineering Ltd.

     12,000      33,321  

Singapore Telecommunications Ltd.

     75,800        169,918  

United Overseas Bank Ltd.

     4,213        78,173  

Venture Corp., Ltd.

     2,000        22,142  
     

 

 

 
Total Singapore               710,536  
South Africa – 0.7%      

Absa Group Ltd.

     5,194        52,367  

AVI Ltd.

     3,250        17,634  

Exxaro Resources Ltd.

     2,154        18,553  

FirstRand Ltd.(a)

     17,615        72,249  

Foschini Group Ltd. (The)

     1,778        19,168  

Imperial Logistics Ltd.

     1,872        6,441  

Kumba Iron Ore Ltd.(a)

     851        21,017  

MTN Group Ltd.(a)

     15,918        101,098  

Nedbank Group Ltd.

     1,932        28,901  

Netcare Ltd.

     11,162        12,920  

RMB Holdings Ltd.(a)

     4,949        24,513  

Sanlam Ltd.

     8,914        43,845  

SPAR Group Ltd. (The)

     1,310        16,503  

Standard Bank Group Ltd.

     7,639        88,010  

Tiger Brands Ltd.

     1,003        13,929  

Truworths International Ltd.

     4,509        15,761  

Vodacom Group Ltd.

     5,483        43,264  
     

 

 

 
Total South Africa               596,173  
South Korea – 0.3%      

Doosan Corp.

     105        9,305  

KT&G Corp.

     772        68,090  

Lotte Chemical Corp.

     127        25,057  

S-Oil Corp.

     264        21,938  

SK Innovation Co., Ltd.

     308        42,744  

SK Telecom Co., Ltd.

     248        50,071  

Woongjin Coway Co., Ltd.

     317        22,420  
     

 

 

 
Total South Korea               239,625  
Spain – 1.9%      

Acerinox S.A.

     2,484        21,253  

ACS Actividades de Construccion y Servicios S.A.

     1,548        61,869  

Aena SME S.A.(b)

     573        104,947  

Banco Bilbao Vizcaya Argentaria S.A.

     17,567        91,554  

Banco de Sabadell S.A.

     18,901        18,343  

Banco Santander S.A.

     52,296        213,030  

CaixaBank S.A.

     15,127        39,744  

Enagas S.A.

     1,663        38,545  

Endesa S.A.

     6,635        174,616  

Ferrovial S.A.

     2,668        77,108  

Iberdrola S.A.

     30,585        317,966  

Mapfre S.A.

     15,467        41,666  

Mediaset Espana Comunicacion S.A.

     2,515        16,215  

Naturgy Energy Group S.A.

     4,409        116,995  

Red Electrica Corp. S.A.

     3,190        64,808  

Repsol S.A.

     7,699        120,362  

Telefonica S.A.

     22,050        168,296  
     

 

 

 
Total Spain               1,687,317  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2019

 

 

 

Investments    Shares      Value  
Sweden – 0.8%      

Atlas Copco AB Class A

     3,029      $ 93,407  

Axfood AB

     742        15,780  

Electrolux AB Series B

     1,112        26,397  

Hennes & Mauritz AB Class B

     7,152        138,819  

ICA Gruppen AB

     801        37,051  

Skandinaviska Enskilda Banken AB Class A

     9,536        87,755  

Skanska AB Class B

     2,454        49,768  

Svenska Handelsbanken AB Class A

     6,411        60,105  

Swedbank AB Class A

     5,159        74,351  

Swedish Match AB

     525        21,738  

Tele2 AB Class B(a)

     2,785        41,497  

Telia Co. AB

     18,167        81,429  
     

 

 

 
Total Sweden               728,097  
Switzerland – 2.6%      

ABB Ltd. Registered Shares

     7,382        145,175  

Adecco Group AG Registered Shares

     754        41,755  

Baloise Holding AG Registered Shares

     376        67,421  

Kuehne + Nagel International AG Registered Shares

     586        86,388  

LafargeHolcim Ltd. Registered Shares*

     2,256        111,132  

Novartis AG Registered Shares

     7,452        646,739  

Roche Holding AG Genusschein

     2,054        598,289  

Swiss Re AG

     1,346        140,519  

Swisscom AG Registered Shares

     252        124,414  

UBS Group AG Registered Shares*

     10,505        119,362  

Zurich Insurance Group AG

     619        237,134  
     

 

 

 
Total Switzerland               2,318,328  
Taiwan – 1.9%      

Asustek Computer, Inc.

     7,486        49,827  

AU Optronics Corp.

     174,000        44,083  

Catcher Technology Co., Ltd.

     5,000        37,873  

Cathay Financial Holding Co., Ltd.

     50,000        65,916  

Cheng Shin Rubber Industry Co., Ltd.

     17,197        25,387  

China Development Financial Holding Corp.

     134,000        39,909  

China Steel Corp.

     57,000        42,257  

Chunghwa Telecom Co., Ltd.

     23,000        82,290  

Compal Electronics, Inc.

     26,000        15,001  

CTBC Financial Holding Co., Ltd.

     93,480        62,070  

Delta Electronics, Inc.

     12,000        51,250  

Far EasTone Telecommunications Co., Ltd.

     10,000        23,369  

First Financial Holding Co., Ltd.

     75,117        52,782  

Formosa Chemicals & Fibre Corp.

     36,000        100,604  

Formosa Petrochemical Corp.

     12,000        37,983  

Formosa Plastics Corp.

     35,000        106,609  

Fubon Financial Holding Co., Ltd.

     43,195        62,026  

Hotai Motor Co., Ltd.

     3,000        45,593  

Innolux Corp.

     105,000        22,337  

Inventec Corp.

     33,000        22,763  

Mega Financial Holding Co., Ltd.

     80,941        75,007  

Nan Ya Plastics Corp.

     50,000        112,331  

Nanya Technology Corp.

     11,000        28,542  

Novatek Microelectronics Corp.

     6,000        34,424  

Pegatron Corp.

     21,680        37,735  

Pou Chen Corp.

     29,000      37,156  

President Chain Store Corp.

     6,000        56,085  

Quanta Computer, Inc.

     22,210        40,519  

SinoPac Financial Holdings Co., Ltd.

     86,559        33,759  

Taiwan Mobile Co., Ltd.

     10,800        38,988  

Uni-President Enterprises Corp.

     48,000        115,728  

United Microelectronics Corp.

     101,000        43,624  

WPG Holdings Ltd.

     13,800        16,992  

Yuanta Financial Holding Co., Ltd.

     75,000        44,723  
     

 

 

 
Total Taiwan               1,705,542  
Thailand – 0.2%      

Advanced Info Service PCL NVDR

     7,700        55,387  

Land & Houses PCL NVDR

     82,500        25,895  

PTT Global Chemical PCL NVDR

     17,436        30,642  

Siam Commercial Bank PCL (The) NVDR

     9,700        37,423  

Thai Oil PCL NVDR

     11,000        25,086  
     

 

 

 
Total Thailand               174,433  
Turkey – 0.1%      

Eregli Demir ve Celik Fabrikalari T.A.S.

     18,825        22,837  

Tupras Turkiye Petrol Rafinerileri AS

     1,656        42,086  

Turkcell Iletisim Hizmetleri AS

     14,847        34,209  
     

 

 

 
Total Turkey               99,132  
United Kingdom – 6.8%      

Admiral Group PLC

     1,182        30,850  

Anglo American PLC

     5,168        119,168  

Antofagasta PLC

     3,985        44,147  

AstraZeneca PLC

     3,971        355,314  

Aviva PLC

     15,696        77,233  

Babcock International Group PLC

     1,992        13,697  

BAE Systems PLC

     13,186        92,620  

Barratt Developments PLC

     7,015        56,017  

Bellway PLC

     524        21,606  

BP PLC

     95,318        605,860  

British American Tobacco PLC

     11,672        432,581  

British Land Co. PLC (The)

     3,393        24,452  

BT Group PLC

     52,281        115,052  

Centrica PLC

     34,846        31,664  

Direct Line Insurance Group PLC

     4,302        15,915  

Dixons Carphone PLC

     8,072        11,832  

Evraz PLC

     14,535        83,754  

Fresnillo PLC(a)

     3,821        32,188  

G4S PLC

     6,412        14,950  

GlaxoSmithKline PLC

     24,614        529,169  

Hammerson PLC

     3,209        11,215  

Hays PLC

     8,380        15,573  

HSBC Holdings PLC

     77,525        596,706  

Imperial Brands PLC

     5,753        129,609  

International Consolidated Airlines Group S.A.

     6,746        39,302  

ITV PLC

     20,763        32,213  

J Sainsbury PLC

     9,935        26,910  

John Wood Group PLC

     2,538        11,882  

Kingfisher PLC

     7,763        19,783  

Land Securities Group PLC

     2,650        27,967  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2019

 

 

 

Investments    Shares      Value  

Legal & General Group PLC

     30,511      $ 93,395  

Lloyds Banking Group PLC

     177,598        118,444  

Man Group PLC

     9,935        21,394  

Marks & Spencer Group PLC

     9,155        20,809  

Micro Focus International PLC

     1,474        20,649  

National Grid PLC

     17,788        193,314  

Pennon Group PLC

     2,339        23,837  

Persimmon PLC

     1,986        53,107  

Rio Tinto PLC

     6,389        331,381  

Royal Dutch Shell PLC Class A

     21,283        625,252  

Royal Mail PLC

     6,295        16,422  

Schroders PLC

     648        24,555  

Severn Trent PLC

     1,155        30,815  

SSE PLC

     7,538        115,695  

St. James’s Place PLC

     1,818        21,942  

Standard Life Aberdeen PLC

     12,896        45,419  

Tate & Lyle PLC

     1,950        17,686  

Taylor Wimpey PLC

     25,460        50,670  

Unilever PLC

     3,725        224,466  

United Utilities Group PLC

     4,396        44,735  

Vodafone Group PLC

     204,417        408,083  

William Hill PLC

     5,187        11,994  
     

 

 

 
Total United Kingdom               6,133,293  
United States – 57.4%      

AbbVie, Inc.

     11,702        886,075  

Acadia Realty Trust

     534        15,262  

AES Corp.

     5,150        84,151  

Alexandria Real Estate Equities, Inc.

     441        67,932  

Alliant Energy Corp.

     1,503        81,057  

Altria Group, Inc.

     18,235        745,811  

Ameren Corp.

     1,820        145,691  

American Campus Communities, Inc.

     1,014        48,753  

American Electric Power Co., Inc.

     3,698        346,466  

American Financial Group, Inc.

     352        37,963  

Apartment Investment & Management Co. Class A

     785        40,930  

Apple Hospitality REIT, Inc.

     3,444        57,102  

Archer-Daniels-Midland Co.

     3,382        138,899  

AT&T, Inc.

     79,364        3,003,134  

AvalonBay Communities, Inc.

     679        146,209  

Avangrid, Inc.(a)

     2,496        130,416  

BB&T Corp.

     3,797        202,646  

Bed Bath & Beyond, Inc.(a)

     1,395        14,843  

BGC Partners, Inc. Class A

     2,664        14,652  

Boston Properties, Inc.

     652        84,538  

Brandywine Realty Trust

     2,273        34,436  

Brixmor Property Group, Inc.

     3,489        70,792  

Broadcom, Inc.

     2,465        680,513  

Camden Property Trust

     488        54,173  

Campbell Soup Co.(a)

     2,288        107,353  

Cardinal Health, Inc.

     2,205        104,054  

CenterPoint Energy, Inc.

     4,021        121,354  

CenturyLink, Inc.(a)

     22,243        277,593  

Chevron Corp.

     14,321        1,698,471  

Cincinnati Financial Corp.

     655        76,419  

Cinemark Holdings, Inc.

     810      31,298  

Cisco Systems, Inc.

     26,671        1,317,814  

CME Group, Inc.

     1,964        415,072  

CMS Energy Corp.

     1,493        95,477  

CNA Financial Corp.

     3,019        148,686  

Coca-Cola Co. (The)

     29,395        1,600,264  

Cogent Communications Holdings, Inc.

     369        20,332  

Colony Capital, Inc.

     9,898        59,586  

Columbia Property Trust, Inc.

     1,307        27,643  

Compass Minerals International, Inc.

     375        21,184  

Consolidated Edison, Inc.

     2,328        219,926  

CoreCivic, Inc.

     1,266        21,876  

CoreSite Realty Corp.

     213        25,954  

Coty, Inc. Class A(a)

     6,810        71,573  

Covanta Holding Corp.

     2,115        36,568  

Cracker Barrel Old Country Store, Inc.(a)

     264        42,940  

Crown Castle International Corp.

     2,521        350,444  

CubeSmart

     1,219        42,543  

Cummins, Inc.

     981        159,579  

CVR Energy, Inc.

     1,197        52,704  

Cypress Semiconductor Corp.

     2,568        59,937  

CyrusOne, Inc.(a)

     448        35,437  

Darden Restaurants, Inc.

     749        88,547  

Designer Brands, Inc. Class A

     290        4,965  

Digital Realty Trust, Inc.

     1,130        146,685  

Dominion Energy, Inc.

     6,689        542,077  

Domtar Corp.

     514        18,406  

DTE Energy Co.

     1,159        154,101  

Duke Energy Corp.

     6,278        601,809  

Duke Realty Corp.

     1,535        52,144  

Edison International

     2,304        173,768  

Emerson Electric Co.

     3,910        261,423  

Entergy Corp.

     1,823        213,947  

EPR Properties

     802        61,642  

Equity Residential

     1,826        157,511  

Erie Indemnity Co. Class A(a)

     208        38,615  

Essex Property Trust, Inc.

     295        96,362  

Eversource Energy

     1,960        167,521  

Exelon Corp.

     6,655        321,503  

Extended Stay America, Inc.

     2,270        33,233  

Extra Space Storage, Inc.

     735        85,863  

Exxon Mobil Corp.

     33,077        2,335,567  

Fastenal Co.

     3,077        100,526  

Federal Realty Investment Trust

     394        53,639  

Federated Investors, Inc. Class B

     732        23,724  

Fidelity National Financial, Inc.

     1,355        60,176  

First American Financial Corp.

     557        32,869  

First Hawaiian, Inc.

     741        19,785  

FirstEnergy Corp.

     3,719        179,367  

Flowers Foods, Inc.

     1,664        38,488  

FNB Corp.

     3,033        34,970  

Foot Locker, Inc.

     748        32,284  

Ford Motor Co.

     66,099        605,467  

Franklin Resources, Inc.

     2,674        77,172  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2019

 

 

 

Investments    Shares      Value  

Gaming and Leisure Properties, Inc.

     2,305      $ 88,143  

Gap, Inc. (The)

     2,772        48,122  

General Electric Co.

     67,719        605,408  

General Mills, Inc.

     5,395        297,372  

General Motors Co.

     13,658        511,902  

Genuine Parts Co.

     898        89,432  

GEO Group, Inc. (The)

     1,658        28,750  

Gilead Sciences, Inc.

     8,199        519,653  

H&R Block, Inc.(a)

     1,600        37,792  

Hanesbrands, Inc.(a)

     2,588        39,648  

Harley-Davidson, Inc.(a)

     1,263        45,430  

Hawaiian Electric Industries, Inc.

     1,287        58,700  

HCP, Inc.

     4,349        154,955  

Healthcare Realty Trust, Inc.

     953        31,925  

Healthcare Trust of America, Inc. Class A

     1,573        46,215  

Helmerich & Payne, Inc.

     1,081        43,316  

Highwoods Properties, Inc.

     979        43,996  

Host Hotels & Resorts, Inc.

     5,623        97,222  

Hudson Pacific Properties, Inc.

     803        26,868  

Huntington Bancshares, Inc.

     5,797        82,723  

Intel Corp.

     24,654        1,270,421  

International Business Machines Corp.

     8,062        1,172,376  

International Paper Co.

     3,887        162,554  

Interpublic Group of Cos., Inc. (The)

     2,855        61,554  

Iron Mountain, Inc.

     3,083        99,858  

J.M. Smucker Co. (The)

     773        85,045  

Kellogg Co.

     2,388        153,668  

Kennedy-Wilson Holdings, Inc.

     1,077        23,608  

Kimberly-Clark Corp.

     2,588        367,625  

Kimco Realty Corp.

     4,891        102,124  

Kinder Morgan, Inc.

     16,536        340,807  

Kohl’s Corp.

     1,226        60,883  

Kraft Heinz Co. (The)

     11,204        312,984  

L Brands, Inc.(a)

     4,416        86,509  

Lamar Advertising Co. Class A

     774        63,414  

Las Vegas Sands Corp.

     8,098        467,740  

Legg Mason, Inc.

     566        21,616  

Leggett & Platt, Inc.(a)

     1,066        43,642  

Liberty Property Trust

     1,490        76,482  

Life Storage, Inc.

     375        39,529  

Macerich Co. (The)(a)

     1,363        43,057  

Macquarie Infrastructure Corp.

     2,195        86,637  

Macy’s, Inc.(a)

     2,815        43,745  

Maxim Integrated Products, Inc.

     1,574        91,150  

MDU Resources Group, Inc.

     1,621        45,696  

Medical Properties Trust, Inc.

     4,203        82,211  

Merck & Co., Inc.

     15,016        1,264,047  

Mercury General Corp.

     440        24,587  

Meredith Corp.

     168        6,159  

MetLife, Inc.

     6,101        287,723  

Mid-America Apartment Communities, Inc.

     701        91,137  

Molson Coors Brewing Co. Class B

     1,108        63,710  

Murphy Oil Corp.(a)

     1,295        28,632  

National Fuel Gas Co.(a)

     809        37,958  

National Health Investors, Inc.

     446      36,746  

National Retail Properties, Inc.

     1,140        64,296  

Navient Corp.

     2,488        31,846  

New York Community Bancorp, Inc.(a)

     6,592        82,730  

Newell Brands, Inc.

     5,057        94,667  

NiSource, Inc.

     2,353        70,402  

Nordstrom, Inc.(a)

     902        30,370  

NorthWestern Corp.

     466        34,973  

Occidental Petroleum Corp.

     6,221        276,648  

OGE Energy Corp.

     1,376        62,443  

Old Republic International Corp.

     2,499        58,901  

Olin Corp.

     1,268        23,737  

Omega Healthcare Investors, Inc.

     2,828        118,182  

Omnicom Group, Inc.(a)

     1,551        121,443  

ONEOK, Inc.

     3,757        276,853  

Outfront Media, Inc.

     1,892        52,560  

PACCAR, Inc.

     2,719        190,357  

PacWest Bancorp

     1,115        40,519  

Park Hotels & Resorts, Inc.

     1,889        47,168  

Patterson Cos., Inc.(a)

     842        15,004  

Paychex, Inc.

     2,373        196,413  

Pebblebrook Hotel Trust(a)

     1,712        47,628  

Penske Automotive Group, Inc.

     509        24,066  

People’s United Financial, Inc.

     2,394        37,430  

PepsiCo, Inc.

     9,344        1,281,062  

Pfizer, Inc.

     36,476        1,310,583  

Philip Morris International, Inc.

     16,734        1,270,613  

Phillips 66

     2,799        286,618  

Physicians Realty Trust(a)

     1,698        30,139  

Piedmont Office Realty Trust, Inc. Class A

     1,752        36,582  

Pinnacle West Capital Corp.

     1,016        98,623  

PPL Corp.

     7,801        245,653  

Principal Financial Group, Inc.

     1,268        72,454  

ProAssurance Corp.

     1,168        47,035  

Procter & Gamble Co. (The)

     18,096        2,250,780  

Prologis, Inc.

     2,513        214,158  

Prudential Financial, Inc.

     2,177        195,821  

Public Service Enterprise Group, Inc.

     3,606        223,860  

Public Storage

     1,105        271,023  

QTS Realty Trust, Inc. Class A

     350        17,994  

QUALCOMM, Inc.

     10,975        837,173  

Rayonier, Inc.

     1,402        39,536  

Realty Income Corp.

     1,991        152,670  

Regency Centers Corp.

     879        61,082  

Retail Opportunity Investments Corp.

     1,786        32,559  

Retail Properties of America, Inc. Class A

     2,097        25,835  

RLJ Lodging Trust

     2,581        43,851  

Ryder System, Inc.

     351        18,171  

Ryman Hospitality Properties, Inc.

     376        30,761  

Sabra Health Care REIT, Inc.

     2,359        54,163  

Scotts Miracle-Gro Co. (The)

     343        34,924  

Sempra Energy

     1,506        222,301  

Senior Housing Properties Trust

     3,892        36,020  

Service Properties Trust

     2,049        52,844  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2019

 

 

 

Investments    Shares      Value  

Simon Property Group, Inc.

     2,123      $ 330,445  

SITE Centers Corp.

     3,347        50,573  

Six Flags Entertainment Corp.

     727        36,924  

SL Green Realty Corp.

     472        38,586  

Sonoco Products Co.

     575        33,471  

South Jersey Industries, Inc.

     852        28,039  

Southern Co. (The)

     10,888        672,552  

Spirit Realty Capital, Inc.

     1,185        56,714  

STAG Industrial, Inc.(a)

     780        22,994  

STORE Capital Corp.

     1,457        54,506  

Sun Communities, Inc.

     425        63,091  

Sunstone Hotel Investors, Inc.

     1,730        23,770  

Tanger Factory Outlet Centers, Inc.(a)

     1,191        18,437  

Tapestry, Inc.

     1,926        50,172  

Targa Resources Corp.

     2,917        117,176  

Target Corp.

     3,296        352,375  

Taubman Centers, Inc.

     489        19,966  

TerraForm Power, Inc. Class A

     1,495        27,246  

TFS Financial Corp.

     2,237        40,311  

UDR, Inc.

     1,402        67,969  

Umpqua Holdings Corp.

     2,243        36,920  

United Bankshares, Inc.

     627        23,744  

United Parcel Service, Inc. Class B

     4,327        518,461  

Uniti Group, Inc.(a)

     3,780        29,352  

Valero Energy Corp.

     2,663        226,994  

Valley National Bancorp

     3,197        34,751  

Ventas, Inc.

     3,222        235,303  

VEREIT, Inc.

     11,738        114,798  

Verizon Communications, Inc.

     36,301        2,191,128  

VICI Properties, Inc.(a)

     1,869        42,333  

Virtu Financial, Inc. Class A(a)

     956        15,640  

Vornado Realty Trust

     1,030        65,580  

W.P. Carey, Inc.

     1,408        126,016  

Watsco, Inc.

     210        35,528  

WEC Energy Group, Inc.

     1,991        189,344  

Weingarten Realty Investors

     1,027        29,917  

Wells Fargo & Co.

     23,421        1,181,355  

Welltower, Inc.

     3,323        301,230  

Western Digital Corp.

     2,140        127,630  

Western Union Co. (The)

     3,982        92,263  

WestRock Co.

     2,547        92,838  

Weyerhaeuser Co.

     5,413        149,940  

Whirlpool Corp.

     597        94,541  

Williams Cos., Inc. (The)

     9,323        224,311  

Williams-Sonoma, Inc.(a)

     566        38,477  

Wyndham Destinations, Inc.

     1,624        74,736  

Xcel Energy, Inc.

     3,585        232,631  

Xenia Hotels & Resorts, Inc.

     844        17,825  

Xerox Holdings Corp.

     1,958        58,564  
     

 

 

 
Total United States               51,532,878  
TOTAL COMMON STOCKS
(Cost: $86,083,407)
              89,516,978  
RIGHTS – 0.0%      
Australia – 0.0%      

Harvey Norman Holdings Ltd., expiring 10/11/19*(a)

     
(Cost: $0)      531      643  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.1%

 

United States – 2.1%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $1,874,247)(d)      1,874,247        1,874,247  
TOTAL INVESTMENTS IN SECURITIES – 101.7%
(Cost: $87,957,654)
        91,391,868  

Other Assets less Liabilities – (1.7)%

        (1,537,553
     

 

 

 
NET ASSETS – 100.0%             $ 89,854,315  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,823,202 and the total market value of the collateral held by the Fund was $3,980,403. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,106,156.

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.

RSP – Risparmio Italian Savings Shares

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

India – 99.7%

 

Aerospace & Defense – 0.2%

 

Bharat Electronics Ltd.

     1,656,500              $ 2,531,424  
Airlines – 0.0%

 

InterGlobe Aviation Ltd.(a)

     17,946                478,513  
Auto Components – 1.1%

 

Apollo Tyres Ltd.

     670,792          1,719,365  

Balkrishna Industries Ltd.

     172,034          1,884,347  

Bharat Forge Ltd.

     421,454          2,654,426  

Ceat Ltd.

     41,465          559,995  

Endurance Technologies Ltd.(a)

     31,353          447,828  

Exide Industries Ltd.

     434,991          1,198,133  

Mahindra CIE Automotive Ltd.*

     397,536          935,659  

Minda Industries Ltd.

     69,696          335,062  

Motherson Sumi Systems Ltd.

     1,925,570          2,851,587  

Sundram Fasteners Ltd.

     66,883          447,813  

Varroc Engineering Ltd.(a)

     72,533          462,512  
       

 

 

 
Total Auto Components

 

             13,496,727  
Automobiles – 4.7%

 

Bajaj Auto Ltd.

     163,221          6,775,387  

Eicher Motors Ltd.

     27,002          6,768,789  

Hero MotoCorp., Ltd.

     249,614          9,526,667  

Mahindra & Mahindra Ltd.

     1,976,621          15,260,710  

Maruti Suzuki India Ltd.

     194,134          18,396,884  

TVS Motor Co., Ltd.

     146,646          873,228  
       

 

 

 
Total Automobiles

 

             57,601,665  
Banks – 7.3%

 

AU Small Finance Bank Ltd.(a)

     32,435          301,838  

Axis Bank Ltd.

     2,017,047          19,496,269  

Bandhan Bank Ltd.(a)

     149,789          1,039,685  

Bank of Baroda*

     956,199          1,255,479  

Canara Bank*

     273,612          704,214  

City Union Bank Ltd.

     618,135          1,907,119  

DCB Bank Ltd.

     411,690          1,134,534  

Federal Bank Ltd.

     4,462,074          5,691,806  

ICICI Bank Ltd.

     2,166,573          13,258,905  

Indian Bank*

     133,717          236,419  

IndusInd Bank Ltd.

     689,259          13,456,194  

Karnataka Bank Ltd. (The)

     703,975          751,469  

Karur Vysya Bank Ltd. (The)

     418,086          352,491  

Kotak Mahindra Bank Ltd.

     858,128          19,912,128  

Oriental Bank of Commerce*

     199,338          169,751  

RBL Bank Ltd.(a)

     231,148          1,072,588  

South Indian Bank Ltd. (The)

     3,639,783          557,250  

State Bank of India*

     599,568          2,291,037  

Yes Bank Ltd.

     7,504,676          4,384,067  
       

 

 

 
Total Banks

 

             87,973,243  
Beverages – 0.2%

 

Radico Khaitan Ltd.

     96,538          429,095  

United Breweries Ltd.

     30,494          579,663  

United Spirits Ltd.*

     162,521          1,529,608  

Varun Beverages Ltd.

     33,022        290,806  
       

 

 

 
Total Beverages

 

             2,829,172  
Biotechnology – 0.1%

 

Biocon Ltd.

     349,898                1,100,763  
Building Products – 0.1%

 

Astral Poly Technik Ltd.

     10,958          177,485  

Blue Star Ltd.

     30,244          341,942  

Kajaria Ceramics Ltd.

     57,417          444,914  

Sintex Plastics Technology Ltd.*

     1,782,624          91,812  
       

 

 

 
Total Building Products

 

             1,056,153  
Capital Markets – 0.5%

 

Care Ratings Ltd.

     42,068          307,784  

Edelweiss Financial Services Ltd.

     1,895,402          2,538,122  

HDFC Asset Management Co., Ltd.(a)

     14,860          587,469  

ICICI Securities Ltd.(a)

     175,015          687,897  

IIFL Securities Ltd.*

     445,442          193,906  

Indiabulls Ventures Ltd.

     463,719          810,393  

JM Financial Ltd.

     646,959          723,471  

Motilal Oswal Financial Services Ltd.

     31,772          290,355  

Multi Commodity Exchange of India Ltd.

     25,206          341,765  
       

 

 

 
Total Capital Markets

 

             6,481,162  
Chemicals – 2.6%

 

Aarti Industries Ltd.

     38,832          438,738  

Arti Surfactants Ltd.*

     2,094          6,276  

Asian Paints Ltd.

     210,768          5,240,738  

Berger Paints India Ltd.

     191,078          1,172,317  

Castrol India Ltd.

     538,585          1,033,946  

Chambal Fertilizers and Chemicals Ltd.

     663,911          1,440,825  

Coromandel International Ltd.

     187,732          1,100,398  

DCM Shriram Ltd.

     193,164          1,102,392  

Deepak Nitrite Ltd.

     46,292          195,211  

EID Parry India Ltd.

     40,796          94,839  

Finolex Industries Ltd.

     54,551          458,730  

GHCL Ltd.

     173,782          517,284  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     465,399          1,329,171  

Gujarat State Fertilizers & Chemicals Ltd.

     534,464          586,736  

Himadri Speciality Chemical Ltd.

     466,457          533,140  

Inox Fluorochemicals Ltd.*

     47,004          491,372  

Kansai Nerolac Paints Ltd.

     135,664          1,004,911  

Navin Fluorine International Ltd.

     8,347          86,410  

NOCIL Ltd.

     99,291          157,198  

Phillips Carbon Black Ltd.

     379,836          636,465  

PI Industries Ltd.

     67,743          1,249,400  

Pidilite Industries Ltd.

     97,167          1,979,501  

Rain Industries Ltd.

     494,473          668,426  

Rashtriya Chemicals & Fertilizers Ltd.

     102,305          69,509  

SRF Ltd.

     20,059          778,923  

Supreme Industries Ltd.

     33,103          575,797  

Tata Chemicals Ltd.

     179,082          1,488,248  

UPL Ltd.

     797,227          6,794,037  

Vinati Organics Ltd.

     8,770          266,006  
       

 

 

 
Total Chemicals

 

             31,496,944  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2019

 

 

 

Investments    Shares      Value  
Communications Equipment – 0.1%

 

Sterlite Technologies Ltd.

     445,055              $ 988,470  
Construction & Engineering – 1.9%

 

Dilip Buildcon Ltd.(a)

     128,257          753,412  

Engineers India Ltd.

     250,739          415,193  

IRB Infrastructure Developers Ltd.*

     2,027,217          2,128,228  

Kalpataru Power Transmission Ltd.

     138,415          958,296  

KEC International Ltd.

     201,957          778,974  

KNR Constructions Ltd.

     170,603          556,570  

Larsen & Toubro Ltd.

     610,906          12,708,387  

NBCC India Ltd.

     719,109          354,132  

NCC Ltd.

     3,226,226          2,506,092  

Voltas Ltd.

     232,022          2,224,823  
       

 

 

 
Total Construction & Engineering

 

             23,384,107  
Construction Materials – 1.7%

 

ACC Ltd.

     71,940          1,632,458  

Ambuja Cements Ltd.

     1,554,146          4,472,604  

Birla Corp., Ltd.

     51,244          407,566  

Century Textiles & Industries Ltd.

     56,489          722,604  

Dalmia Bharat Ltd.*

     32,028          371,761  

Grasim Industries Ltd.

     491,516          5,063,665  

HeidelbergCement India Ltd.

     100,466          266,940  

JK Cement Ltd.

     33,315          493,763  

Ramco Cements Ltd. (The)

     126,527          1,342,419  

Shree Cement Ltd.

     3,426          913,107  

UltraTech Cement Ltd.

     89,310          5,470,913  
       

 

 

 
Total Construction Materials

 

             21,157,800  
Consumer Finance – 2.9%

 

Bajaj Finance Ltd.

     171,336          9,781,935  

Cholamandalam Investment and Finance Co., Ltd.

     378,843          1,645,405  

CreditAccess Grameen Ltd.*

     20,865          193,462  

Equitas Holdings Ltd.*

     123,522          180,920  

Magma Fincorp Ltd.

     70,094          51,135  

Mahindra & Mahindra Financial Services Ltd.

     1,016,972          4,706,822  

Manappuram Finance Ltd.

     1,793,494          3,573,383  

Muthoot Finance Ltd.

     348,021          3,319,195  

Repco Home Finance Ltd.

     176,773          779,241  

Shriram Transport Finance Co., Ltd.

     617,375          9,330,038  

Sundaram Finance Ltd.

     52,830          1,216,221  

Ujjivan Financial Services Ltd.

     78,556          348,836  
       

 

 

 
Total Consumer Finance

 

             35,126,593  
Diversified Financial Services – 2.5%

 

Aditya Birla Capital Ltd.*

     802,030          960,257  

Bajaj Holdings & Investment Ltd.

     83,640          4,240,786  

Housing & Urban Development Corp. Ltd.

     1,156,519          569,538  

IIFL Wealth Management Ltd.*

     63,634          1,108,967  

L&T Finance Holdings Ltd.

     2,333,317          2,790,348  

Power Finance Corp., Ltd.*

     8,002,693          11,224,512  

REC Ltd.

     5,381,986          9,352,375  
       

 

 

 
Total Diversified Financial Services

 

             30,246,783  
Diversified Telecommunication Services – 0.6%

 

Bharti Infratel Ltd.

     1,825,972        6,629,470  

Himachal Futuristic Communications Ltd.

     2,442,114          620,274  
       

 

 

 
Total Diversified Telecommunication Services

 

             7,249,744  
Electric Utilities – 2.2%

 

Adani Transmission Ltd.*

     398,751          1,286,243  

CESC Ltd.

     233,361          2,456,638  

Power Grid Corp. of India Ltd.

     5,769,735          16,205,520  

SJVN Ltd.

     2,041,339          698,508  

Tata Power Co., Ltd. (The)

     4,829,007          4,258,756  

Torrent Power Ltd.

     380,610          1,544,056  
       

 

 

 
Total Electric Utilities

 

             26,449,721  
Electrical Equipment – 0.6%

 

ABB India Ltd.

     39,312          840,588  

Amara Raja Batteries Ltd.

     58,875          596,154  

Bharat Heavy Electricals Ltd.

     2,110,650          1,441,473  

Finolex Cables Ltd.

     80,190          439,372  

Havells India Ltd.

     278,625          2,824,040  

KEI Industries Ltd.

     68,216          523,059  

V-Guard Industries Ltd.

     56,169          178,211  
       

 

 

 
Total Electrical Equipment

 

             6,842,897  
Electronic Equipment, Instruments & Components – 0.2%

 

Redington India Ltd.

     1,170,412                1,939,710  
Entertainment – 0.1%

 

Inox Leisure Ltd.*

     126,474          590,264  

PVR Ltd.

     17,666          459,468  
       

 

 

 
Total Entertainment

 

             1,049,732  
Food & Staples Retailing – 0.1%

 

Avenue Supermarts Ltd.*(a)

     35,497                931,943  
Food Products – 1.0%

 

Avanti Feeds Ltd.

     54,465          282,359  

Balrampur Chini Mills Ltd.

     941,124          2,051,066  

Bombay Burmah Trading Co.

     91,889          1,471,909  

Britannia Industries Ltd.

     53,550          2,224,663  

Godrej Agrovet Ltd.(a)

     31,577          212,537  

Kaveri Seed Co., Ltd.

     91,593          639,947  

KRBL Ltd.

     258,514          794,670  

Nestle India Ltd.

     19,088          3,741,077  

Tata Global Beverages Ltd.

     236,804          922,238  

Venky’s India Ltd.

     9,434          212,851  
       

 

 

 
Total Food Products

 

             12,553,317  
Gas Utilities – 1.3%

 

Adani Gas Ltd.

     385,995          703,702  

GAIL India Ltd.

     5,019,087          9,525,591  

Gujarat Gas Ltd.

     201,213          503,396  

Gujarat State Petronet Ltd.

     700,993          2,145,943  

Indraprastha Gas Ltd.

     545,466          2,691,586  

Mahanagar Gas Ltd.

     56,406          725,642  
       

 

 

 
Total Gas Utilities

 

             16,295,860  
Health Care Providers & Services – 0.1%

 

Apollo Hospitals Enterprise Ltd.

     32,239          634,828  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2019

 

 

 

Investments    Shares      Value  

Dr Lal PathLabs Ltd.(a)

     12,752        $ 250,609  
       

 

 

 
Total Health Care Providers & Services

 

             885,437  
Health Care Technology – 0.0%

 

TAKE Solutions Ltd.

     130,789                191,195  
Hotels, Restaurants & Leisure – 0.1%

 

Coffee Day Enterprises Ltd.*(a)

     83,101          56,344  

Delta Corp., Ltd.

     108,793          259,284  

EIH Ltd.

     58,079          149,851  

Indian Hotels Co., Ltd. (The)

     161,541          364,254  

Jubilant Foodworks Ltd.

     46,301          888,142  
       

 

 

 
Total Hotels, Restaurants & Leisure

 

             1,717,875  
Household Durables – 0.2%

 

Bajaj Electricals Ltd.

     17,769          98,023  

Crompton Greaves Consumer Electricals Ltd.

     433,866          1,532,362  

Whirlpool of India Ltd.

     46,613          1,241,445  
       

 

 

 
Total Household Durables

 

             2,871,830  
Household Products – 1.2%

 

Hindustan Unilever Ltd.

     525,182          14,687,486  

Jyothy Labs Ltd.

     80,830          192,583  
       

 

 

 
Total Household Products

 

             14,880,069  
Independent Power & Renewable Electricity Producers – 1.8%

 

JSW Energy Ltd.

     736,034          675,601  

NHPC Ltd.

     6,728,959          2,117,375  

NLC India Ltd.

     1,073,579          864,998  

NTPC Ltd.

     10,028,059          16,626,455  

PTC India Ltd.

     1,431,345          1,137,097  
       

 

 

 
Total Independent Power & Renewable Electricity Producers

 

             21,421,526  
Industrial Conglomerates – 0.2%

 

Godrej Industries Ltd.

     137,361          791,578  

Siemens Ltd.

     97,204          2,079,422  
       

 

 

 
Total Industrial Conglomerates

 

             2,871,000  
Insurance – 1.2%

 

Bajaj Finserv Ltd.

     57,878          6,952,501  

General Insurance Corp. of India(a)

     317,479          985,111  

HDFC Life Insurance Co., Ltd.(a)

     128,256          1,087,941  

ICICI Lombard General Insurance Co., Ltd.(a)

     60,559          1,033,844  

ICICI Prudential Life Insurance Co., Ltd.(a)

     237,053          1,550,387  

Max Financial Services Ltd.*

     105,289          634,092  

SBI Life Insurance Co., Ltd.(a)

     75,445          901,055  

TI Financial Holdings Ltd.*

     132,235          914,018  
       

 

 

 
Total Insurance

 

             14,058,949  
Interactive Media & Services – 0.2%

 

Info Edge India Ltd.

     61,851          1,763,966  

Just Dial Ltd.*

     54,802          533,762  
       

 

 

 
Total Interactive Media & Services

 

             2,297,728  
Internet & Direct Marketing Retail – 0.0%

 

Infibeam Avenues Ltd.*

     313,712                178,616  
IT Services – 14.7%

 

Firstsource Solutions Ltd.

     749,731          496,691  

HCL Technologies Ltd.

     1,550,990        23,649,332  

Hexaware Technologies Ltd.

     254,993          1,368,537  

Infosys Ltd.

     6,718,463          76,376,766  

Larsen & Toubro Infotech Ltd.(a)

     64,767          1,381,132  

Mindtree Ltd.

     300,606          3,002,293  

Mphasis Ltd.

     204,436          2,760,668  

NIIT Ltd.

     239,820          309,128  

NIIT Technologies Ltd.

     84,948          1,672,019  

Persistent Systems Ltd.

     96,665          777,411  

Sonata Software Ltd.

     47,395          221,330  

Tata Consultancy Services Ltd.

     1,434,241          42,485,581  

Tech Mahindra Ltd.

     1,183,801          11,935,094  

Wipro Ltd.

     3,515,673          11,896,044  
       

 

 

 
Total IT Services

 

             178,332,026  
Life Sciences Tools & Services – 0.3%

 

Dishman Carbogen Amcis Ltd.

     78,998          185,320  

Divi’s Laboratories Ltd.

     107,556          2,527,692  

Syngene International Ltd.(a)

     86,268          377,422  
       

 

 

 
Total Life Sciences Tools & Services

 

             3,090,434  
Machinery – 0.9%

 

AIA Engineering Ltd.

     77,320          1,946,453  

Ashok Leyland Ltd.

     5,605,251          5,433,713  

Carborundum Universal Ltd.

     61,699          261,618  

Cochin Shipyard Ltd.(a)

     108,205          515,612  

Cummins India Ltd.

     86,432          698,590  

Escorts Ltd.

     175,120          1,434,071  

Greaves Cotton Ltd.

     89,796          185,056  

Thermax Ltd.

     28,083          446,950  
       

 

 

 
Total Machinery

 

             10,922,063  
Media – 0.5%

 

Sun TV Network Ltd.

     284,887          1,900,217  

TV18 Broadcast Ltd.*

     1,493,303          503,606  

Zee Entertainment Enterprises Ltd.

     1,052,516          3,943,103  
       

 

 

 
Total Media

 

             6,346,926  
Metals & Mining – 6.8%

 

APL Apollo Tubes Ltd.

     4,937          94,907  

Hindalco Industries Ltd.

     4,522,006          12,209,687  

Hindustan Copper Ltd.

     177,672          88,248  

Hindustan Zinc Ltd.

     968,135          2,915,929  

Jindal Saw Ltd.

     1,144,102          1,384,343  

JSW Steel Ltd.

     5,893,861          19,123,978  

National Aluminium Co., Ltd.

     4,037,994          2,646,649  

NMDC Ltd.

     5,326,521          6,666,720  

Steel Authority of India Ltd.

     7,512,333          3,545,813  

Tata Sponge Iron Ltd.*

     8,730          49,231  

Tata Steel Ltd.

     2,853,014          14,512,896  

Vedanta Ltd.

     8,801,193          19,143,881  
       

 

 

 
Total Metals & Mining

 

             82,382,282  
Multiline Retail – 0.1%

 

Future Retail Ltd.*

     280,662                1,508,084  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2019

 

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 21.3%

 

Aegis Logistics Ltd.

     152,750        $ 390,665  

Bharat Petroleum Corp., Ltd.

     2,837,581          18,822,766  

Coal India Ltd.

     8,089,366          22,812,010  

Hindustan Petroleum Corp., Ltd.

     4,072,064          17,335,438  

Indian Oil Corp., Ltd.

     12,159,218          25,289,955  

Mangalore Refinery & Petrochemicals Ltd.

     132,631          90,768  

Oil & Natural Gas Corp., Ltd.

     21,727,395          40,408,059  

Oil India Ltd.

     2,188,814          4,486,110  

Petronet LNG Ltd.

     1,479,392          5,425,434  

Reliance Industries Ltd.

     6,577,080          123,641,360  
       

 

 

 
Total Oil, Gas & Consumable Fuels

 

             258,702,565  
Paper & Forest Products – 0.1%

 

Century Plyboards India Ltd.

     40,520          91,024  

International Paper APPM Ltd.*

     34,304          176,872  

JK Paper Ltd.

     384,854          814,577  
       

 

 

 
Total Paper & Forest Products

 

             1,082,473  
Personal Products – 1.1%

 

Bajaj Corp., Ltd.

     95,101          329,645  

Colgate-Palmolive India Ltd.

     79,191          1,680,561  

Dabur India Ltd.

     516,901          3,262,140  

Emami Ltd.

     20,643          92,803  

Godrej Consumer Products Ltd.

     540,726          5,244,071  

Marico Ltd.

     469,688          2,612,920  
       

 

 

 
Total Personal Products

 

             13,222,140  
Pharmaceuticals – 3.4%

 

Ajanta Pharma Ltd.

     33,031          471,027  

Alembic Pharmaceuticals Ltd.

     70,412          506,117  

Alkem Laboratories Ltd.

     34,305          922,189  

Aurobindo Pharma Ltd.

     745,644          6,197,146  

Cadila Healthcare Ltd.

     803,570          2,645,351  

Cipla Ltd.

     535,004          3,212,192  

Dr. Reddy’s Laboratories Ltd.

     133,874          5,104,658  

GlaxoSmithKline Pharmaceuticals Ltd.

     26,553          520,597  

Glenmark Pharmaceuticals Ltd.

     546,771          2,507,844  

Granules India Ltd.

     505,572          746,921  

Ipca Laboratories Ltd.

     43,985          560,451  

JB Chemicals & Pharmaceuticals Ltd.

     31,723          165,892  

Jubilant Life Sciences Ltd.

     224,962          1,603,520  

Lupin Ltd.

     151,224          1,527,203  

Merck Ltd.*

     17,315          1,146,591  

Natco Pharma Ltd.

     195,100          1,602,094  

Piramal Enterprises Ltd.

     149,993          3,455,062  

Strides Pharma Science Ltd.

     146,109          634,380  

Sun Pharmaceutical Industries Ltd.

     1,151,979          6,330,546  

Suven Life Sciences Ltd.

     107,248          421,312  

Torrent Pharmaceuticals Ltd.

     54,101          1,272,887  
       

 

 

 
Total Pharmaceuticals

 

             41,553,980  
Professional Services – 0.1%

 

L&T Technology Services Ltd.(a)

     19,313          415,017  

Quess Corp., Ltd.*(a)

     39,621          262,514  
       

 

 

 
Total Professional Services

 

             677,531  
Real Estate Management & Development – 0.6%

 

DLF Ltd.

     706,058        1,550,225  

Godrej Properties Ltd.*

     45,463          666,336  

Indiabulls Real Estate Ltd.*

     1,628,170          1,054,526  

Oberoi Realty Ltd.

     140,042          1,003,055  

Phoenix Mills Ltd. (The)

     62,214          612,274  

Prestige Estates Projects Ltd.

     189,665          772,911  

Puravankara Ltd.

     3,057          2,776  

Sobha Ltd.

     120,919          834,521  

Sunteck Realty Ltd.

     41,017          234,780  
       

 

 

 
Total Real Estate Management & Development

 

             6,731,404  
Road & Rail – 0.2%

 

Container Corp. of India Ltd.

     323,815                2,763,235  
Software – 0.3%

 

Birlasoft Ltd.

     1,085,184          1,060,396  

Oracle Financial Services Software Ltd.*

     48,249          2,160,519  

Tata Elxsi Ltd.

     25,286          241,643  
       

 

 

 
Total Software

 

             3,462,558  
Specialty Retail – 0.0%

 

Future Lifestyle Fashions Ltd.

     28,927                171,781  
Textiles, Apparel & Luxury Goods – 0.9%

 

Aditya Birla Fashion and Retail Ltd.*

     124,446          371,132  

Bata India Ltd.

     15,656          380,460  

Indo Count Industries Ltd.

     24,170          15,109  

LUX Industries Ltd.

     10,718          181,968  

Page Industries Ltd.

     3,879          1,232,513  

Rajesh Exports Ltd.

     355,184          3,342,154  

Raymond Ltd.

     18,712          147,399  

Relaxo Footwears Ltd.

     25,825          184,517  

Titan Co., Ltd.

     233,111          4,187,484  

Trident Ltd.

     653,940          545,805  

VIP Industries Ltd.

     28,971          195,957  

Welspun India Ltd.

     385,347          286,283  
       

 

 

 
Total Textiles, Apparel & Luxury Goods

 

             11,070,781  
Thrifts & Mortgage Finance – 8.7%

 

Can Fin Homes Ltd.

     106,663          591,871  

GRUH Finance Ltd.

     97,130          369,161  

Housing Development Finance Corp., Ltd.

     3,126,010          87,207,319  

Indiabulls Housing Finance Ltd.

     2,894,141          10,450,448  

LIC Housing Finance Ltd.

     967,836          5,143,807  

PNB Housing Finance Ltd.(a)

     185,404          1,527,182  
       

 

 

 
Total Thrifts & Mortgage Finance

 

             105,289,788  
Tobacco – 1.6%

 

Godfrey Phillips India Ltd.

     22,018          298,539  

ITC Ltd.

     5,058,992          18,549,475  
       

 

 

 
Total Tobacco

 

             18,848,014  
Trading Companies & Distributors – 0.1%

 

Adani Enterprises Ltd.

     686,756                1,413,363  
Transportation Infrastructure – 0.9%

 

Adani Ports & Special Economic Zone Ltd.

     1,848,624                10,797,952  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2019

 

 

 

Investments    Shares      Value  
Water Utilities – 0.0%

 

VA Tech Wabag Ltd.*

     42,357              $ 162,091  
Wireless Telecommunication Services – 0.1%

 

Bharti Airtel Ltd.

     172,707                894,499  
TOTAL COMMON STOCKS
(Cost: $937,284,649)

 

             1,210,062,638  
      Principal
Amount
                
FOREIGN CORPORATE BOND – 0.0%

 

India – 0.0%

 

Britannia Industries Ltd.
8.00%, 8/28/22

       
(Cost: $23,283)      1,631,820  INR               23,502  
TOTAL INVESTMENTS IN SECURITIES – 99.7%
(Cost: $937,307,932)

 

     1,210,086,140  

Other Assets less Liabilities – 0.3%

 

     3,097,572  
       

 

 

 
NET ASSETS – 100.0%

 

   $ 1,213,183,712  

 

* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $497,648, which represents 0.04% 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.

 

CURRENCY LEGEND:
INR   Indian rupee

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree India ex-State Owned Enterprises Fund (IXSE)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
India – 99.9%      
Airlines – 0.6%      

InterGlobe Aviation Ltd.(a)

     570      $ 15,198  
Auto Components – 1.3%      

Balkrishna Industries Ltd.

     508        5,564  

Bharat Forge Ltd.

     1,266        7,974  

Bosch Ltd.

     45        8,930  

Motherson Sumi Systems Ltd.

     5,937        8,792  
     

 

 

 
Total Auto Components               31,260  
Automobiles – 8.0%      

Bajaj Auto Ltd.

     466        19,344  

Eicher Motors Ltd.

     94        23,564  

Hero MotoCorp., Ltd.

     668        25,495  

Mahindra & Mahindra Ltd.

     4,411        34,055  

Maruti Suzuki India Ltd.

     823        77,991  

Tata Motors Ltd.*

     8,102        13,427  
     

 

 

 
Total Automobiles               193,876  
Banks – 10.2%      

Federal Bank Ltd.

     7,910        10,090  

ICICI Bank Ltd.

     19,080        116,765  

Kotak Mahindra Bank Ltd.

     4,890        113,468  

Yes Bank Ltd.

     10,068        5,882  
     

 

 

 
Total Banks               246,205  
Beverages – 1.1%      

United Breweries Ltd.

     504        9,581  

United Spirits Ltd.*

     1,720        16,188  
     

 

 

 
Total Beverages               25,769  
Biotechnology – 0.3%      

Biocon Ltd.

     1,930        6,072  
Capital Markets – 0.1%      

Indiabulls Ventures Ltd.

     1,597        2,791  
Chemicals – 3.9%      

Asian Paints Ltd.

     1,880        46,746  

Pidilite Industries Ltd.

     830        16,909  

UPL Ltd.

     3,578        30,492  
     

 

 

 
Total Chemicals               94,147  
Construction Materials – 4.1%      

Ambuja Cements Ltd.

     4,909        14,127  

Grasim Industries Ltd.

     2,340        24,107  

Shree Cement Ltd.

     61        16,258  

UltraTech Cement Ltd.

     733        44,902  
     

 

 

 
Total Construction Materials               99,394  
Diversified Financial Services – 0.4%      

Bajaj Holdings & Investment Ltd.

     176        8,924  
Diversified Telecommunication Services – 0.8%      

Bharti Infratel Ltd.

     5,298        19,235  
Electrical Equipment – 0.7%      

Havells India Ltd.

     1,555        15,761  
Food & Staples Retailing – 0.8%      

Avenue Supermarts Ltd.*(a)

     748      19,638  
Food Products – 2.2%      

Britannia Industries Ltd.

     375        15,579  

GlaxoSmithKline Consumer Healthcare Ltd.

     66        7,943  

Nestle India Ltd.

     146        28,614  
     

 

 

 
Total Food Products               52,136  
Health Care Providers & Services – 0.4%      

Apollo Hospitals Enterprise Ltd.

     536        10,555  
Hotels, Restaurants & Leisure – 0.4%      

Jubilant Foodworks Ltd.

     447        8,574  
Household Durables – 0.4%      

Crompton Greaves Consumer Electricals Ltd.

     2,996        10,581  
Household Products – 5.3%      

Hindustan Unilever Ltd.

     4,555        127,387  
Industrial Conglomerates – 0.5%      

Siemens Ltd.

     571        12,215  
Insurance – 3.5%      

Bajaj Finserv Ltd.

     265        31,833  

HDFC Life Insurance Co., Ltd.(a)

     3,201        27,153  

ICICI Lombard General Insurance Co., Ltd.(a)

     581        9,919  

ICICI Prudential Life Insurance Co., Ltd.(a)

     2,185        14,290  
     

 

 

 
Total Insurance               83,195  
Interactive Media & Services – 0.4%      

Info Edge India Ltd.

     368        10,495  
IT Services – 24.3%      

HCL Technologies Ltd.

     3,846        58,643  

Infosys Ltd.

     22,612        257,058  

Mindtree Ltd.

     737        7,361  

Mphasis Ltd.

     625        8,440  

Tata Consultancy Services Ltd.

     6,436        190,649  

Tech Mahindra Ltd.

     3,120        31,456  

Wipro Ltd.

     9,164        31,008  
     

 

 

 
Total IT Services               584,615  
Life Sciences Tools & Services – 0.5%      

Divi’s Laboratories Ltd.

     505        11,868  
Machinery – 0.3%      

Ashok Leyland Ltd.

     7,910        7,668  
Media – 0.6%      

Zee Entertainment Enterprises Ltd.

     3,701        13,865  
Metals & Mining – 3.1%      

Hindalco Industries Ltd.

     5,676        15,326  

Jindal Steel & Power Ltd.*

     3,074        4,492  

JSW Steel Ltd.

     6,713        21,782  

Tata Steel Ltd.

     1,767        8,988  

Vedanta Ltd.

     11,471        24,951  
     

 

 

 
Total Metals & Mining               75,539  
Multiline Retail – 0.3%      

Future Retail Ltd.*

     1,336        7,179  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree India ex-State Owned Enterprises Fund (IXSE)

September 30, 2019

 

 

 

Investments    Shares     Value  
Oil, Gas & Consumable Fuels – 11.1%     

Reliance Industries Ltd.

     14,252     $ 267,921  
Personal Products – 2.6%     

Dabur India Ltd.

     3,537       22,322  

Godrej Consumer Products Ltd.

     2,485       24,100  

Marico Ltd.

     3,065       17,051  
    

 

 

 
Total Personal Products              63,473  
Pharmaceuticals – 5.2%     

Aurobindo Pharma Ltd.

     1,750       14,544  

Cadila Healthcare Ltd.

     1,637       5,389  

Cipla Ltd.

     2,073       12,446  

Dr. Reddy’s Laboratories Ltd.

     512       19,523  

Glenmark Pharmaceuticals Ltd.

     931       4,270  

Lupin Ltd.

     1,420       14,341  

Piramal Enterprises Ltd.

     739       17,023  

Sun Pharmaceutical Industries Ltd.

     6,920       38,028  
    

 

 

 
Total Pharmaceuticals              125,564  
Software – 0.3%     

Oracle Financial Services Software Ltd.*

     145       6,493  
Textiles, Apparel & Luxury Goods – 2.4%     

Page Industries Ltd.

     39       12,392  

Rajesh Exports Ltd.

     1,062       9,993  

Titan Co., Ltd.

     2,003       35,981  
    

 

 

 
Total Textiles, Apparel & Luxury Goods              58,366  
Transportation Infrastructure – 1.2%     

Adani Ports & Special Economic Zone Ltd.

     5,069       29,608  
Wireless Telecommunication Services – 2.6%     

Bharti Airtel Ltd.

     11,911       61,690  

TOTAL COMMON STOCKS

(Cost: $2,517,712)

             2,407,257  
      Principal
Amount
        
FOREIGN CORPORATE BOND – 0.0%     
India – 0.0%     

Britannia Industries Ltd.
8.00%, 8/28/22

    
(Cost: $161)      11,250  INR      162  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $2,517,873)

       2,407,419  

Other Assets less Liabilities – 0.1%

       3,066  
    

 

 

 
NET ASSETS – 100.0%            $ 2,410,485  

 

*

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.

 

CURRENCY LEGEND:
INR   Indian rupee

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Middle East Dividend Fund (GULF)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%      
Bahrain – 3.3%      

Ahli United Bank BSC

     729,622      $ 642,067  
Egypt – 3.5%      

Alexandria Mineral Oils Co.

     58,902        15,281  

Commercial International Bank Egypt SAE

     44,313        211,291  

Eastern Co. SAE

     179,541        187,750  

ElSewedy Electric Co.

     192,391        158,372  

Heliopolis Housing

     7,084        10,883  

Juhayna Food Industries

     11,477        6,174  

Orascom Development Egypt*

     41,398        17,077  

Oriental Weavers

     55,158        35,368  

Sidi Kerir Petrochemicals Co.

     21,648        12,284  

Talaat Moustafa Group

     33,370        21,130  

Telecom Egypt Co.

     16,698        12,308  
     

 

 

 
Total Egypt               687,918  
Jordan – 2.9%      

Arab Bank PLC

     70,038        564,058  
Kuwait – 13.0%      

Agility Public Warehousing Co. KSC

     35,323        83,448  

Boubyan Bank KSCP

     29,914        54,452  

Burgan Bank SAK

     33,117        34,493  

Gulf Bank KSCP

     126,424        115,478  

Humansoft Holding Co. KSC

     8,618        88,488  

Kuwait Finance House KSCP

     192,988        428,017  

Kuwait International Bank KSCP

     57,639        51,323  

Kuwait Projects Co. Holding KSCP

     35,343        25,548  

Mabanee Co. SAK

     16,347        41,035  

Mezzan Holding Co. KSCC

     4,944        9,389  

Mobile Telecommunications Co. KSC

     400,023        707,121  

National Bank of Kuwait SAKP

     278,245        865,773  

Qurain Petrochemical Industries Co.

     56,411        58,385  
     

 

 

 
Total Kuwait               2,562,950  
Morocco – 3.2%      

Attijariwafa Bank

     5,528        271,916  

Douja Promotion Groupe Addoha S.A.*

     39,928        38,912  

Maroc Telecom

     16,840        245,306  

Societe d’Exploitation des Ports

     4,334        80,005  
     

 

 

 
Total Morocco               636,139  
Oman – 1.4%      

Bank Muscat SAOG

     238,393        272,414  
Qatar – 25.0%      

Barwa Real Estate Co.

     273,373        251,524  

Commercial Bank PSQC (The)

     104,409        123,593  

Doha Bank QPSC

     364,296        257,138  

Industries Qatar QSC

     161,967        485,323  

Masraf Al Rayan QSC

     419,946        408,297  

Medicare Group

     18,510        38,840  

Ooredoo QPSC

     115,420        229,192  

Qatar Electricity & Water Co. QSC

     41,105        174,423  

Qatar Fuel QSC

     48,505        313,464  

Qatar Gas Transport Co., Ltd.

     327,524        216,790  

Qatar Insurance Co. SAQ

     107,565        98,968  

Qatar International Islamic Bank QSC

     55,517        136,162  

Qatar Islamic Bank SAQ

     92,047        394,379  

Qatar National Bank QPSC

     316,773      1,678,262  

United Development Co. QSC

     278,288        101,654  

Widam Food Co.

     683        1,127  
     

 

 

 
Total Qatar               4,909,136  
Saudi Arabia – 25.5%      

Advanced Petrochemical Co.

     5,785        74,795  

Al Rajhi Bank

     65,828        1,110,821  

Alinma Bank

     30,522        182,911  

Almarai Co. JSC

     3,674        48,726  

Arab National Bank

     6,658        42,598  

Bank Al-Jazira

     5,717        20,605  

Bank AlBilad

     9,654        68,200  

Banque Saudi Fransi

     16,458        141,494  

Bupa Arabia for Cooperative Insurance Co.

     356        10,098  

Dar Al Arkan Real Estate Development Co.*

     23,079        73,460  

Jarir Marketing Co.

     2,893        121,853  

Kingdom Holding Co.

     17,135        35,675  

Mouwasat Medical Services Co.

     471        11,024  

National Commercial Bank

     34,923        428,717  

National Petrochemical Co.

     916        5,812  

Rabigh Refining & Petrochemical Co.*

     1,154        6,110  

Riyad Bank

     55,143        358,682  

Sahara International Petrochemical Co.

     24,307        116,766  

Samba Financial Group

     47,195        359,825  

Saudi Arabian Fertilizer Co.

     4,900        104,892  

Saudi Basic Industries Corp.

     26,728        655,517  

Saudi British Bank (The)

     8,371        67,951  

Saudi Electricity Co.

     34,169        194,018  

Saudi Industrial Investment Group

     8,609        52,969  

Saudi Investment Bank (The)*

     11,903        50,008  

Saudi Telecom Co.

     15,575        451,738  

Savola Group (The)*

     8,617        70,866  

Yanbu National Petrochemical Co.

     11,172        159,336  
     

 

 

 
Total Saudi Arabia               5,025,467  
United Arab Emirates – 22.2%      

Abu Dhabi Commercial Bank PJSC

     323,690        692,649  

Aldar Properties PJSC

     652,559        371,302  

Arabtec Holding PJSC

     55,735        26,554  

Aramex PJSC

     36,345        39,678  

DAMAC Properties Dubai Co. PJSC*

     331,670        78,557  

Dana Gas PJSC

     419,871        109,279  

DP World PLC

     9,437        132,024  

Dubai Investments PJSC

     315,841        110,922  

Dubai Islamic Bank PJSC

     284,860        407,148  

Emaar Malls PJSC

     271,515        138,967  

Emaar Properties PJSC

     242,400        304,225  

Emirates NBD PJSC

     28,148        99,238  

Emirates Telecommunications Group Co. PJSC

     206,376        927,053  

First Abu Dhabi Bank PJSC

     224,821        920,547  
     

 

 

 
Total United Arab Emirates               4,358,143  

TOTAL INVESTMENTS IN SECURITIES – 100.0%

(Cost: $16,727,982)

        19,658,292  

Other Assets less Liabilities – 0.0%

        4,368  
     

 

 

 
NET ASSETS – 100.0%             $ 19,662,660  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Middle East Dividend Fund (GULF)

September 30, 2019

 

 

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

State Street Bank and Trust

    10/2/2019       2,271       USD       37,114       EGP     $     $ (11

 

CURRENCY LEGEND
EGP   Egyptian pound
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Modern Tech Platforms Fund (PLAT)

September 30, 2019

 

 

 

Investments    Shares     

Value

 
COMMON STOCKS – 99.9%      
Argentina – 1.7%      

MercadoLibre, Inc.*

     76      $ 41,893  
Canada – 2.9%      

Ritchie Bros Auctioneers, Inc.

     1,084        43,252  

Stars Group, Inc. (The)*(a)

     1,996        29,900  
     

 

 

 
Total Canada               73,152  
China – 15.6%      

51job, Inc. ADR*

     408        30,192  

58.com, Inc. ADR*

     524        25,839  

Alibaba Group Holding Ltd. ADR*

     204        34,115  

Autohome, Inc. ADR*(a)

     328        27,267  

Baidu, Inc. ADR*

     228        23,429  

Bilibili, Inc. ADR*(a)

     2,120        29,934  

Ctrip.com International Ltd. ADR*

     856        25,072  

HUYA, Inc. ADR*(a)

     1,576        37,257  

Momo, Inc. ADR

     1,076        33,335  

Pinduoduo, Inc. ADR*

     1,696        54,645  

Qutoutiao, Inc. ADR*(a)

     5,692        21,060  

Weibo Corp. ADR*(a)

     552        24,702  

YY, Inc. ADR*(a)

     444        24,966  
     

 

 

 
Total China               391,813  
Germany – 4.9%      

CTS Eventim AG & Co. KGaA

     736        41,484  

Delivery Hero SE*(b)

     816        36,260  

Deutsche Boerse AG

     284        44,399  
     

 

 

 
Total Germany               122,143  
India – 1.3%      

MakeMyTrip Ltd.*(a)

     1,496        33,944  
Japan – 3.4%      

LINE Corp. ADR*(a)

     1,128        40,541  

Sony Corp. ADR(a)

     748        44,229  
     

 

 

 
Total Japan               84,770  
Netherlands – 1.4%      

Takeaway.com N.V.*(b)

     440        35,113  
Russia – 1.4%      

Yandex N.V. Class A*

     1,008        35,290  
United Kingdom – 4.0%      

Farfetch Ltd. Class A*(a)

     1,520        13,133  

London Stock Exchange Group PLC

     576        51,873  

Rightmove PLC

     5,348        36,286  
     

 

 

 
Total United Kingdom               101,292  
United States – 63.3%      

Alphabet, Inc. Class A*

     31        37,855  

Amazon.com, Inc.*

     20        34,718  

American Express Co.

     320        37,850  

Anaplan, Inc.*

     956        44,932  

ANGI Homeservices, Inc. Class A*(a)

     2,168        15,360  

Apple, Inc.

     188        42,106  

Atlassian Corp. PLC Class A*

     344        43,151  

BGC Partners, Inc. Class A

     6,980        38,390  

Booking Holdings, Inc.*

     20        39,252  

Cargurus, Inc.*(a)

     924        28,598  

CBOE Global Markets, Inc.

     372      42,747  

Chegg, Inc.*

     1,056        31,627  

CME Group, Inc.

     212        44,804  

Copart, Inc.*

     560        44,985  

CoStar Group, Inc.*

     76        45,083  

Coupa Software, Inc.*

     364        47,164  

Dropbox, Inc. Class A*

     1,548        31,223  

eBay, Inc.

     972        37,889  

Etsy, Inc.*(a)

     560        31,640  

Expedia Group, Inc.

     292        39,248  

Facebook, Inc. Class A*

     196        34,904  

GrubHub, Inc.*(a)

     564        31,703  

IAA, Inc.*

     668        27,876  

Intercontinental Exchange, Inc.

     464        42,813  

KAR Auction Services, Inc.(a)

     668        16,399  

LendingTree, Inc.*(a)

     96        29,801  

Lyft, Inc. Class A*(a)

     628        25,648  

MarketAxess Holdings, Inc.

     136        44,540  

MasterCard, Inc. Class A

     148        40,192  

Match Group, Inc.

     624        44,579  

Microsoft Corp.

     288        40,041  

Nasdaq, Inc.

     408        40,535  

PayPal Holdings, Inc.*

     336        34,806  

Pinterest, Inc. Class A*

     1,216        32,163  

salesforce.com, Inc.*

     228        33,844  

Snap, Inc. Class A*(a)

     3,384        53,467  

Teladoc Health, Inc.*(a)

     664        44,966  

TripAdvisor, Inc.*

     708        27,385  

Twitter, Inc.*

     944        38,893  

Visa, Inc. Class A

     228        39,218  

Yelp, Inc.*

     940        32,665  

Zillow Group, Inc. Class A*(a)

     1,136        33,563  

Zynga, Inc. Class A*

     6,660        38,761  
     

 

 

 
Total United States               1,587,384  

TOTAL COMMON STOCKS

(Cost: $2,461,396)

              2,506,794  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 14.9%

 

United States – 14.9%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $372,636)(d)      372,636        372,636  

TOTAL INVESTMENTS IN SECURITIES – 114.8%

(Cost: $2,834,032)

        2,879,430  

Other Assets less Liabilities – (14.8)%

        (370,651
     

 

 

 
NET ASSETS – 100.0%             $ 2,508,779  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $573,885 and the total market value of the collateral held by the Fund was $592,624. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $219,988.

ADR – American Depositary Receipt

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (unaudited)

WisdomTree Trust

September 30, 2019

 

 

 

 

      WisdomTree
Asia Pacific
ex-Japan Fund
     WisdomTree
China ex-State-
Owned
Enterprises
Fund
     WisdomTree
Emerging
Markets
Consumer
Growth Fund
    

WisdomTree
Emerging
Markets ex-

State-Owned
Enterprises
Fund

    

WisdomTree
Emerging

Markets High
Dividend Fund

 

ASSETS:

              

Investments, at cost

   $ 27,020,878      $ 140,365,506      $ 35,624,008      $ 461,408,139      $ 2,116,503,701  

Investment in affiliates, at cost (Note 3)

     101,912                             2,249,525  

Foreign currency, at cost

     38,824        16,051        6,276        232,737        1,127,672  

Investments in securities, at value1,2 (Note 2)

     28,882,992        130,570,374        38,058,400        456,102,717        2,108,790,809  

Investment in affiliates, at value (Note 3)

     104,874                             2,242,636  

Cash

     6,954        77,931        24,146        218,698        4,391,547  

Foreign currency, at value

     38,760        16,037        6,286        232,346        1,126,730  

Unrealized appreciation on foreign currency contracts

     19                              

Receivables:

              

Investment securities sold

                          13,401        1,362,203  

Dividends

     82,504        130,224        79,771        405,941        8,552,480  

Securities lending income

     119        7,179        1,397        10,216        160,119  

Interest

                   14        16         

Foreign tax reclaims

                          3,022        40,216  

Total Assets

     29,116,222        130,801,745        38,170,014        456,986,357        2,126,666,740  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

                                 3,090  

Payables:

              

Cash collateral received for securities loaned (Note 2)

     72,888        3,960,396        688,902        4,637,322        24,594,727  

Investment securities purchased

                                 2,249,525  

Advisory fees (Note 3)

     11,414        34,372        10,019        110,710        1,120,773  

Service fees (Note 2)

     104        471        137        1,522        7,833  

Foreign capital gains tax

                          14,330        612,037  

Total Liabilities

     84,406        3,995,239        699,058        4,763,884        28,587,985  

NET ASSETS

   $ 29,031,816      $ 126,806,506      $ 37,470,956      $ 452,222,473      $ 2,098,078,755  

NET ASSETS:

              

Paid-in capital

   $ 36,982,760      $ 163,464,653      $ 46,600,143      $ 471,579,922      $ 3,419,320,856  

Total distributable earnings (loss)

     (7,950,944      (36,658,147      (9,129,187      (19,357,449      (1,321,242,101

NET ASSETS

   $ 29,031,816      $ 126,806,506      $ 37,470,956      $ 452,222,473      $ 2,098,078,755  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     450,000        1,775,000        1,750,000        16,400,000        50,700,000  

Net asset value per share

   $ 64.52      $ 71.44      $ 21.41      $ 27.57      $ 41.38  

1 Includes market value of securities out on loan of:

   $ 594,998      $ 10,621,693      $ 1,248,864      $ 8,544,922      $ 180,008,229  

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      85  


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

September 30, 2019

 

 

 

      WisdomTree
Emerging
Markets
Multifactor
Fund
     WisdomTree
Emerging
Markets Quality
Dividend
Growth Fund
    

WisdomTree
Emerging

Markets

SmallCap

Dividend Fund

     WisdomTree
Global ex-U.S.
Quality
Dividend
Growth Fund
     WisdomTree
Global ex-U.S.
Real Estate
Fund
 

ASSETS:

              

Investments, at cost

   $ 24,032,264      $ 60,970,921      $ 1,579,702,845      $ 71,825,063      $ 100,750,461  

Investment in affiliates, at cost (Note 3)

                   3,653,681        17,252         

Foreign currency, at cost

     8,901        40,243        2,375,942        42,496        26,061  

Investments in securities, at value1,2 (Note 2)

     23,868,518        66,830,332        1,586,728,530        78,710,827        105,506,514  

Investment in affiliates, at value (Note 3)

                   3,695,675        17,340         

Cash

     12,188        39,477        180,493        33,177        71,358  

Foreign currency, at value

     8,896        40,226        2,371,492        42,141        25,997  

Unrealized appreciation on foreign currency contracts

     6,214               52                

Receivables:

              

Investment securities sold

            8,218        331,354                

Dividends

     53,499        117,608        6,294,378        215,502        342,394  

Securities lending income

            1,313        323,206        2,596        5,721  

Interest

            15                       

Foreign tax reclaims

     546        356        20,772        95,226        38,369  

Total Assets

     23,949,861        67,037,545        1,599,945,952        79,116,809        105,990,353  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     9,008                      9        2  

Payables:

              

Cash collateral received for securities loaned (Note 2)

            849,962        9,976,857        3,410,339        4,869,315  

Advisory fees (Note 3)

     9,634        17,460        818,798        35,954        48,341  

Service fees (Note 2)

     88        240        5,766        273        367  

Foreign capital gains tax

            90,043               31,844         

Total Liabilities

     18,730        957,705        10,801,421        3,478,419        4,918,025  

NET ASSETS

   $ 23,931,131      $ 66,079,840      $ 1,589,144,531      $ 75,638,390      $ 101,072,328  

NET ASSETS:

              

Paid-in capital

   $ 25,872,358      $ 77,670,921      $ 1,984,204,001      $ 83,514,783      $ 115,041,208  

Total distributable earnings (loss)

     (1,941,227      (11,591,081      (395,059,470      (7,876,393      (13,968,880

NET ASSETS

   $ 23,931,131      $ 66,079,840      $ 1,589,144,531      $ 75,638,390      $ 101,072,328  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     1,100,000        2,800,000        35,900,000        1,300,000        3,450,000  

Net asset value per share

   $ 21.76      $ 23.60      $ 44.27      $ 58.18      $ 29.30  

1 Includes market value of securities out on loan of:

          $ 1,386,512      $ 159,061,920      $ 7,199,858      $ 7,354,041  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (unaudited) (concluded)

WisdomTree Trust

September 30, 2019

 

 

 

      WisdomTree
Global High
Dividend Fund
    

WisdomTree

India Earnings
Fund

(consolidated)

     WisdomTree
India ex-State-
Owned
Enterprises
Fund
     WisdomTree
Middle East
Dividend Fund
     WisdomTree
Modern Tech
Platforms Fund
 

ASSETS:

              

Investments, at cost

   $ 87,957,654      $ 937,307,932      $ 2,517,873      $ 16,727,982      $ 2,834,032  

Foreign currency, at cost

     108,264        1,399,849        2,967        133,108        144  

Investments in securities, at value1,2 (Note 2)

     91,391,868        1,210,086,140        2,407,419        19,658,292        2,879,430  

Cash

     41,539        3,463,567        361               2,048  

Foreign currency, at value

     107,799        1,399,961        2,973        133,116        143  

Receivables:

              

Investment securities sold

            285,488        761                

Dividends

     215,051        534,116        87        18,072        127  

Securities lending income

     984                             634  

Interest

            162                       

Foreign tax reclaims

     64,902                              

Total Assets

     91,822,143        1,215,769,434        2,411,601        19,809,480        2,882,382  

LIABILITIES:

              

Due to custodian

                          130,051         

Unrealized depreciation on foreign currency contracts

                          11         

Payables:

              

Note payable (Note 9)

            1,600,000                       

Note interest payable (Note 9)

            108,031                       

Cash collateral received for securities loaned (Note 2)

     1,874,247                             372,636  

Investment securities purchased

     50,338        51,003                       

Advisory fees (Note 3)

     42,607        822,329        1,108        16,675        957  

Service fees (Note 2)

     324        4,359        8        83        10  

Foreign capital gains tax

     312                              

Total Liabilities

     1,967,828        2,585,722        1,116        146,820        373,603  

NET ASSETS

   $ 89,854,315      $ 1,213,183,712      $ 2,410,485      $ 19,662,660      $ 2,508,779  

NET ASSETS:

              

Paid-in capital

   $ 94,329,439      $ 1,171,482,732      $ 2,523,086      $ 22,064,268      $ 2,461,908  

Total distributable earnings (loss)

     (4,475,124      41,700,980        (112,601      (2,401,608      46,871  

NET ASSETS

   $ 89,854,315      $ 1,213,183,712      $ 2,410,485      $ 19,662,660      $ 2,508,779  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     1,950,000        51,000,000        100,000        1,000,000        100,004  

Net asset value per share

   $ 46.08      $ 23.79      $ 24.10      $ 19.66      $ 25.09  

1 Includes market value of securities out on loan of:

   $ 3,823,202                           $ 573,885  

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      87  


Table of Contents

Statements of Operations (unaudited)

WisdomTree Trust

For the Six Months Ended September 30, 2019

 

 

 

 

      WisdomTree
Asia Pacific
ex-Japan Fund
    

WisdomTree
China ex-

State-Owned
Enterprises
Fund

     WisdomTree
Emerging
Markets
Consumer
Growth Fund
    

WisdomTree
Emerging
Markets ex-

State-Owned
Enterprises
Fund

     WisdomTree
Emerging
Markets High
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 829,294      $ 1,666,104      $ 627,565      $ 4,679,219      $ 91,414,169  

Dividends from affiliates (Note 3)

     20,325                             50,862  

Interest

     5        755        17        75        35  

Non-cash dividends

     13,471               339,267        3,203,550        32,466  

Securities lending income (Note 2)

     632        52,842        6,341        44,580        749,534  

Total investment income

     863,727        1,719,701        973,190        7,927,424        92,247,066  

EXPENSES:

              

Advisory fees (Note 3)

     74,155        437,698        113,343        971,757        6,899,191  

Service fees (Note 2)

     679        3,057        791        7,370        48,185  

Total expenses

     74,834        440,755        114,134        979,127        6,947,376  

Expense waivers (Note 3)

     (537      (215,375      (55,772      (435,615      (4,852

Net expenses

     74,297        225,380        58,362        543,512        6,942,524  

Net investment income

     789,430        1,494,321        914,828        7,383,912        85,304,542  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (32,913      (1,916,484      (168,511      (1,416,603      (4,146,772

Investment transactions in affiliates (Note 3)

     (23,487                           43,783  

In-kind redemptions

     258,778        75,354                      1,586,095  

Foreign currency contracts

     (3,729      (17,203      (4,151      (139,241      (3,001

Foreign currency related transactions

     (1,548      6,007        1,158        102,437        (146,603

Net realized gain (loss)

     197,101        (1,852,326      (171,504      (1,453,407      (2,666,498

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions2

     (1,649,498      (10,723,451      (1,012,547      (14,929,417      (117,224,929

Investment transactions in affiliates (Note 3)

     2,664                             (56,824

Foreign currency contracts

     19                             (10,300

Translation of assets and liabilities denominated in foreign currencies

     625        (83      (154      4,191        15,245  

Net increase (decrease) in unrealized appreciation/depreciation

     (1,646,190      (10,723,534      (1,012,701      (14,925,226      (117,276,808

Net realized and unrealized loss on investments

     (1,449,089      (12,575,860      (1,184,205      (16,378,633      (119,943,306

NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ (659,659    $ (11,081,539    $ (269,377    $ (8,994,721    $ (34,638,764

1 Net of foreign withholding tax of:

   $ 76,651      $ 87,474      $ 83,094      $ 648,695      $ 13,442,718  

2 Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ (13,844           $ (3,164    $ (9,433    $ 534,188  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended September 30, 2019

 

 

 

      WisdomTree
Emerging
Markets
Multifactor
Fund
     WisdomTree
Emerging
Markets
Quality
Dividend
Growth Fund
     WisdomTree
Emerging
Markets
SmallCap
Dividend Fund
     WisdomTree
Global ex-U.S.
Quality
Dividend
Growth Fund
     WisdomTree
Global ex-U.S.
Real Estate
Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 605,569      $ 1,455,432      $ 47,754,933      $ 1,196,927      $ 2,700,055  

Dividends from affiliates (Note 3)

                   535,593        10,833         

Interest

     8        20        104                

Non-cash dividends

            18,012               29,219        91,078  

Securities lending income (Note 2)

            7,346        1,626,487        22,722        29,070  

Total investment income

     605,577        1,480,810        49,917,117        1,259,701        2,820,203  

EXPENSES:

              

Advisory fees (Note 3)

     57,967        211,977        4,746,936        213,039        310,423  

Service fees (Note 2)

     532        1,480        33,153        1,616        2,354  

Total expenses

     58,499        213,457        4,780,089        214,655        312,777  

Expense waivers (Note 3)

            (104,306      (15,828      (476       

Net expenses

     58,499        109,151        4,764,261        214,179        312,777  

Net investment income

     547,078        1,371,659        45,152,856        1,045,522        2,507,426  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions2

     (1,068,005      (180,798      (5,725,789      (302,985      (1,718,837

Investment transactions in affiliates (Note 3)

                   255,163        1,967         

In-kind redemptions

                          1,019,564        659,025  

Foreign currency contracts

     (140,265      1,291        51,026        1,364        (5,108

Foreign currency related transactions

     (11,294      (11,433      (176,058      (3,118      (2,258

Net realized gain (loss)

     (1,219,564      (190,940      (5,595,658      716,792        (1,067,178

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions3

     (863,022      (2,989,380      (87,437,345      2,475,658        (5,215,665

Investment transactions in affiliates (Note 3)

                   41,994        57         

Foreign currency contracts

     (24,380      2        52        (9      (2

Translation of assets and liabilities denominated in foreign currencies

     (4      1,516        26,486        (885      1,263  

Net increase (decrease) in unrealized appreciation/depreciation

     (887,406      (2,987,862      (87,368,813      2,474,821        (5,214,404

Net realized and unrealized gain (loss) on investments

     (2,106,970      (3,178,802      (92,964,471      3,191,613        (6,281,582

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ (1,559,892    $ (1,807,143    $ (47,811,615    $ 4,237,135      $ (3,774,156

1 Net of foreign withholding tax of:

   $ 69,059      $ 171,491      $ 6,543,022      $ 147,312      $ 228,344  

2 Net of foreign capital gains tax withheld of:

   $ 1,778      $ 194      $ 245                

3 Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ (15,536    $ (13,086    $ (20,185    $ (22,204       

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Table of Contents

Statements of Operations (unaudited) (concluded)

WisdomTree Trust

For the Six Months or Period Ended September 30, 2019

 

 

 

      WisdomTree
Global High
Dividend Fund
     WisdomTree
India Earnings
Fund

(consolidated)
     WisdomTree
India  ex-State-
Owned
Enterprises
Fund1
     WisdomTree
Middle East
Dividend Fund
     WisdomTree
Modern Tech
Platforms
Fund2
 

INVESTMENT INCOME:

              

Dividends3

   $ 2,260,968      $ 13,090,340      $ 18,787      $ 363,587      $ 5,055  

Dividends from affiliates (Note 3)

     9,063                              

Interest

            145                       

Non-cash dividends

     38,618                              

Securities lending income (Note 2)

     13,949                             642  

Total investment income

     2,322,598        13,090,485        18,787        363,587        5,697  

EXPENSES:

              

Advisory fees (Note 3)

     262,585        5,461,776        6,840        99,355        4,194  

Service fees (Note 2)

     1,992        28,954        52        497        41  

Interest expense (Note 8)

            108,031                       

Total expenses

     264,577        5,598,761        6,892        99,852        4,235  

Expense waivers (Note 3)

     (356                            

Net expenses

     264,221        5,598,761        6,892        99,852        4,235  

Net investment income

     2,058,377        7,491,724        11,895        263,735        1,462  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (113,465      (23,452,508      (2,439      (612,035      10  

Investment transactions in affiliates (Note 3)

     11,111                              

In-kind redemptions

     284,527                              

Foreign currency contracts

     139        143,343        (159      (4,618       

Foreign currency related transactions

     (4,861      (805,693      (11,452      (262      2  

Net realized gain (loss)

     177,451        (24,114,858      (14,050      (616,915      12  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions4

     (337,833      (110,262,276      (110,454      (104,704      45,398  

Investment transactions in affiliates (Note 3)

     (1,080                            

Foreign currency contracts

     (19                    (11       

Translation of assets and liabilities denominated in foreign currencies

     (244      14,083        8        83        (1

Net increase (decrease) in unrealized appreciation/depreciation

     (339,176      (110,248,193      (110,446      (104,632      45,397  

Net realized and unrealized gain (loss) on investments

     (161,725      (134,363,051      (124,496      (721,547      45,409  

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 1,896,652      $ (126,871,327    $ (112,601    $ (457,812    $ 46,871  

1 For the period April 4, 2019 (commencement of operations) through September 30, 2019.

  

2 For the period May 22, 2019 (commencement of operations) through September 30, 2019.

  

3 Net of foreign withholding tax of:

   $ 146,720                    $ 13,577      $ 62  

4 Includes net decrease in accrued foreign capital gain taxes of:

   $ (2,649    $ (8,357,219                     

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     

WisdomTree

Asia Pacific ex-Japan Fund

    

WisdomTree

China ex-State-Owned

Enterprises Fund

    

WisdomTree

Emerging Markets

Consumer Growth Fund

 
      For the Six
Months Ended
September 30,
2019
(unaudited)
    

For the

Year Ended
March 31, 2019

     For the Six
Months Ended
September 30,
2019
(unaudited)
    

For the

Year Ended
March 31, 2019

     For the Six
Months Ended
September 30,
2019
(unaudited)
    

For the

Year Ended
March 31,
2019

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 789,430      $ 1,597,637      $ 1,494,321      $ 2,203,233      $ 914,828      $ 1,155,886  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

     197,101        83,683        (1,852,326      (12,677,657      (171,504      (9,497,161

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (1,646,190      (1,258,098      (10,723,534      (13,943,126      (1,012,701      838,406  

Net increase (decrease) in net assets resulting from operations

     (659,659      423,222        (11,081,539      (24,417,550      (269,377      (7,502,869

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (767,250      (1,626,373      (1,437,750      (2,142,539      (898,500      (1,229,361

Tax return of capital

                          (19,493              

Total distributions to shareholders

     (767,250      (1,626,373      (1,437,750      (2,162,032      (898,500      (1,229,361

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

                   7,995,484        31,032,707        4,224,487        7,530,704  

Cost of shares redeemed

     (3,244,191      (10,144,864      (12,368,396      (76,681,994             (14,436,242

Net increase (decrease) in net assets resulting from capital share transactions

     (3,244,191      (10,144,864      (4,372,912      (45,649,287      4,224,487        (6,905,538

Net Increase (Decrease) in Net Assets

     (4,671,100      (11,348,015      (16,892,201      (72,228,869      3,056,610        (15,637,768

NET ASSETS:

 

Beginning of period

   $ 33,702,916      $ 45,050,931      $ 143,698,707      $ 215,927,576      $ 34,414,346      $ 50,052,114  

End of period

   $ 29,031,816      $ 33,702,916      $ 126,806,506      $ 143,698,707      $ 37,470,956      $ 34,414,346  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

     500,000        650,000        1,850,000        2,475,000        1,550,000        1,900,000  

Shares created

                   100,000        450,000        200,000        350,000  

Shares redeemed

     (50,000      (150,000      (175,000      (1,075,000             (700,000

Shares outstanding, end of period

     450,000        500,000        1,775,000        1,850,000        1,750,000        1,550,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     

WisdomTree

Emerging Markets

ex-State-Owned Enterprises Fund

    

WisdomTree

Emerging Markets

High Dividend Fund

    

WisdomTree

Emerging Markets

Multifactor Fund

 
      For the Six
Months Ended
September 30,
2019
(unaudited)
    

For the

Year Ended
March 31, 2019

    

For the Six

Months Ended
September 30,
2019

(unaudited)

    

For the

Year Ended
March 31, 2019

     For the Six
Months Ended
September 30,
2019
(unaudited)
     For the Period
August 10,
2018* through
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 7,383,912      $ 2,650,629      $ 85,304,542      $ 86,478,530      $ 547,078      $ 135,226  

Net realized loss on investments, foreign currency contracts and foreign currency related transactions

     (1,453,407      (11,563,361      (2,666,498      (87,949,446      (1,219,564      (597,099

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (14,925,226      9,241,775        (117,276,808      (72,843,919      (887,406      720,127  

Net increase (decrease) in net assets resulting from operations

     (8,994,721      329,043        (34,638,764      (74,314,835      (1,559,892      258,254  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (7,164,500      (2,582,368      (85,017,000      (87,028,025      (528,000      (111,589

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     163,197,714        227,609,647        57,917,467        222,013,442        7,133,496        18,738,853  

Cost of shares redeemed

            (12,948,803      (13,188,728      (169,841,137      (91       

Net increase in net assets resulting from capital share transactions

     163,197,714        214,660,844        44,728,739        52,172,305        7,133,405        18,738,853  

Net Increase (Decrease) in Net Assets

     147,038,493        212,407,519        (74,927,025      (109,170,555      5,045,513        18,885,518  

NET ASSETS:

 

Beginning of period

   $ 305,183,980      $ 92,776,461      $ 2,173,005,780      $ 2,282,176,335      $ 18,885,618      $ 100  

End of period

   $ 452,222,473      $ 305,183,980      $ 2,098,078,755      $ 2,173,005,780      $ 23,931,131      $ 18,885,618  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

     10,600,000        2,900,000        49,700,000        48,200,000        800,004        4  

Shares created

     5,800,000        8,200,000        1,300,000        5,400,000        300,000        800,000  

Shares redeemed

            (500,000      (300,000      (3,900,000      (4       

Shares outstanding, end of period

     16,400,000        10,600,000        50,700,000        49,700,000        1,100,000        800,004  

* Commencement of operations.

  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     

WisdomTree

Emerging Markets Quality

Dividend Growth Fund

    

WisdomTree

Emerging Markets

SmallCap Dividend Fund

    

WisdomTree

Global ex-U.S. Quality

Dividend Growth Fund

 
      For the Six
Months Ended
September 30,
2019
(unaudited)
    

For the

Year Ended
March 31, 2019

    

For the Six

Months Ended
September 30,
2019

(unaudited)

    

For the

Year Ended
March 31, 2019

     For the Six
Months Ended
September 30,
2019
(unaudited)
    

For the

Year Ended
March 31, 2019

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 1,371,659      $ 2,178,674      $ 45,152,856      $ 55,332,129      $ 1,045,522      $ 1,440,222  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

     (190,940      (8,322,575      (5,595,658      (49,750,891      716,792        (2,272,593

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (2,987,862      (145,888      (87,368,813      (162,143,870      2,474,821        (2,212,071

Net increase (decrease) in net assets resulting from operations

     (1,807,143      (6,289,789      (47,811,615      (156,562,632      4,237,135        (3,044,442

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (1,302,000      (2,036,219      (47,107,500      (58,272,794      (1,030,000      (1,532,940

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

            20,285,323        259,094,871        56,606,185        5,800,750        17,216,657  

Cost of shares redeemed

            (18,212,318             (159,906,299      (5,649,475      (11,200,399

Net increase (decrease) in net assets resulting from capital share transactions

            2,073,005        259,094,871        (103,300,114      151,275        6,016,258  

Net Increase (Decrease) in Net Assets

     (3,109,143      (6,253,003      164,175,756        (318,135,540      3,358,410        1,438,876  

NET ASSETS:

 

Beginning of period

   $ 69,188,983      $ 75,441,986      $ 1,424,968,775      $ 1,743,104,315      $ 72,279,980      $ 70,841,104  

End of period

   $ 66,079,840      $ 69,188,983      $ 1,589,144,531      $ 1,424,968,775      $ 75,638,390      $ 72,279,980  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

     2,800,000        2,800,000        30,300,000        32,600,000        1,300,000        1,200,000  

Shares created

            800,000        5,600,000        1,200,000        100,000        300,000  

Shares redeemed

            (800,000             (3,500,000      (100,000      (200,000

Shares outstanding, end of period

     2,800,000        2,800,000        35,900,000        30,300,000        1,300,000        1,300,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     

WisdomTree

Global ex-U.S. Real Estate Fund

    

WisdomTree

Global High Dividend Fund

    

WisdomTree

India Earnings Fund

(consolidated)

 
      For the Six
Months Ended
September 30,
2019
(unaudited)
    

For the

Year Ended
March 31, 2019

     For the Six
Months Ended
September 30,
2019
(unaudited)
    

For the

Year Ended
March 31, 2019

    

For the Six

Months Ended
September 30,
2019

(unaudited)

    

For the

Year Ended
March 31, 2019

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 2,507,426      $ 3,839,069      $ 2,058,377      $ 3,789,556      $ 7,491,724      $ 16,802,706  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

     (1,067,178      (1,372,513      177,451        434,804        (24,114,858      28,758,384  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (5,214,404      3,113,027        (339,176      (1,194,141      (110,248,193      (19,298,961

Net increase (decrease) in net assets resulting from operations

     (3,774,156      5,579,583        1,896,652        3,030,219        (126,871,327      26,262,129  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (6,317,500      (4,157,515      (2,008,500      (3,977,862      (6,604,000      (18,968,260

Tax return of capital

                                        (609,812

Total distributions to shareholders

     (6,317,500      (4,157,515      (2,008,500      (3,977,862      (6,604,000      (19,578,072

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

            14,383,629                      120,430,489        236,716,827  

Cost of shares redeemed

     (2,981,930      (8,988,290      (2,261,166      (11,182,914      (97,195,394      (591,544,150

Net increase (decrease) in net assets resulting from capital share transactions

     (2,981,930      5,395,339        (2,261,166      (11,182,914      23,235,095        (354,827,323

Net Increase (Decrease) in Net Assets

     (13,073,586      6,817,407        (2,373,014      (12,130,557      (110,240,232      (348,143,266

NET ASSETS:

 

Beginning of period

   $ 114,145,914      $ 107,328,507      $ 92,227,329      $ 104,357,886      $ 1,323,423,944      $ 1,671,567,210  

End of period

   $ 101,072,328      $ 114,145,914      $ 89,854,315      $ 92,227,329      $ 1,213,183,712      $ 1,323,423,944  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

     3,550,000        3,350,000        2,000,000        2,250,000        50,400,000        64,600,000  

Shares created

            500,000                      4,600,000        9,400,000  

Shares redeemed

     (100,000      (300,000      (50,000      (250,000      (4,000,000      (23,600,000

Shares outstanding, end of period

     3,450,000        3,550,000        1,950,000        2,000,000        51,000,000        50,400,000  

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     

WisdomTree

India ex-State-Owned

Enterprises Fund

    

WisdomTree

Middle East Dividend Fund

    

WisdomTree

Modern Tech

Platforms Fund

 
      For the Period
April 4, 2019*
through
September 30,
2019
(unaudited)
     For the Six
Months Ended
September 30,
2019
(unaudited)
    

For the

Year Ended
March 31, 2019

     For the Period
May 22, 2019*
through
September 30,
2019
(unaudited)
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 11,895      $ 263,735      $ 797,052      $ 1,462  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

     (14,050      (616,915      (349,765      12  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (110,446      (104,632      1,897,618        45,397  

Net increase (decrease) in net assets resulting from operations

     (112,601      (457,812      2,344,905        46,871  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

            (573,500      (738,425       

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     2,523,084        4,176,666        5,736,903        2,461,808  

Cost of shares redeemed

     (98      (3,955,504      (1,894,772       

Net increase in net assets resulting from capital share transactions

     2,522,986        221,162        3,842,131        2,461,808  

Net Increase (Decrease) in Net Assets

     2,410,385        (810,150      5,448,611        2,508,679  

NET ASSETS:

 

Beginning of period

   $ 100      $ 20,472,810      $ 15,024,199      $ 100  

End of period

   $ 2,410,485      $ 19,662,660      $ 20,472,810      $ 2,508,779  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

     4        1,000,000        800,000        4  

Shares created

     100,000        200,000        300,000        100,000  

Shares redeemed

     (4      (200,000      (100,000       

Shares outstanding, end of period

     100,000        1,000,000        1,000,000        100,004  

* Commencement of operations.

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Table of Contents

Financial Highlights

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Asia
Pacific ex-Japan Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 67.41     $ 69.31     $ 64.08     $ 57.08     $ 67.20     $ 65.72  

Investment operations:

           

Net investment income1

    1.70       2.71       2.21       1.90       2.14       2.29  

Net realized and unrealized gain (loss)

    (2.88     (1.73     5.23       7.03       (10.20     1.46  

Total from investment operations

    (1.18     0.98       7.44       8.93       (8.06     3.75  

Dividends to shareholders:

           

Net investment income

    (1.71     (2.88     (2.21     (1.93     (2.06     (2.27

Net asset value, end of period

  $ 64.52     $ 67.41     $ 69.31     $ 64.08     $ 57.08     $ 67.20  

TOTAL RETURN2

    (1.80 )%      1.55     11.75     15.96     (12.06 )%3      5.71

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 29,032     $ 33,703     $ 45,051     $ 41,655     $ 45,665     $ 47,037  

Ratios to average net assets4 of:

           

Expenses

    0.48 %5,6      0.48 %6      0.48 %6      0.48     0.48 %6      0.49 %6,7 

Net investment income

    5.11 %5      4.06     3.24     3.19     3.59     3.36

Portfolio turnover rate8

    3     21     26     27     24     17

 

             
WisdomTree China ex-State-
Owned Enterprises Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 20169
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 77.67     $ 87.24     $ 57.17     $ 46.75     $ 55.28     $ 49.70  

Investment operations:

           

Net investment income1

    0.80       0.98       0.12       0.64       1.25       1.33  

Net realized and unrealized gain (loss)

    (6.25     (9.64     30.56       10.45       (8.59     5.48  

Total from investment operations

    (5.45     (8.66     30.68       11.09       (7.34     6.81  

Dividends and distributions to shareholders:

           

Net investment income

    (0.78     (0.90     (0.61     (0.67     (1.19     (1.23

Tax return of capital

          (0.01                        

Total dividends and distributions to shareholders

    (0.78     (0.91     (0.61     (0.67     (1.19     (1.23

Net asset value, end of period

  $ 71.44     $ 77.67     $ 87.24     $ 57.17     $ 46.75     $ 55.28  

TOTAL RETURN2

    (7.04 )%      (9.91 )%      53.95     23.94     (13.40 )%      13.86

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 126,807     $ 143,699     $ 215,928     $ 8,576     $ 9,351     $ 16,585  

Ratios to average net assets of:

           

Expenses, net of expense waivers

    0.32 %5,10      0.32 %10      0.33 %10,11      0.53 %11      0.57 %11      0.64 %12 

Expenses, prior to expense waivers

    0.63 %5      0.63     0.63     0.63     0.63     0.64 %12 

Net investment income

    2.15 %5      1.31     0.14     1.29     2.42     2.53

Portfolio turnover rate8

    7     35     20     37     143     30
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged.

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

Annualized.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

9 

The information reflects the investment objective and strategy of the WisdomTree China Dividend ex-Financials Fund through June 30, 2015 and the investment objective and strategy of the WisdomTree China ex-State-Owned Enterprises Fund thereafter.

 

10 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

11 

Effective July 1, 2015, the investment advisor contractually agreed to limit the advisory fee to 0.53% through July 31, 2017, unless earlier terminated by the Board of Trustees of the Trust.

 

12 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Emerging Markets
Consumer Growth Fund
   For the
Six Months Ended
September 30,
2019 (unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 22.20     $ 26.34     $ 22.53     $ 20.60     $ 24.89     $ 24.56  

Investment operations:

            

Net investment income1

     0.56       0.71       0.49       0.45       0.52       0.48  

Net realized and unrealized gain (loss)

     (0.83     (4.08     3.77       2.01       (4.28     0.32  

Total from investment operations

     (0.27     (3.37     4.26       2.46       (3.76     0.80  

Dividends to shareholders:

            

Net investment income

     (0.52     (0.77     (0.45     (0.53     (0.53     (0.47

Net asset value, end of period

   $ 21.41     $ 22.20     $ 26.34     $ 22.53     $ 20.60     $ 24.89  

TOTAL RETURN2

     (1.24 )%      (12.66 )%      19.05     12.17     (15.21 )%      3.24

RATIOS/SUPPLEMENTAL DATA:

            

Net assets, end of period (000’s omitted)

   $ 37,471     $ 34,414     $ 50,052     $ 24,782     $ 12,357     $ 19,912  

Ratios to average net assets of:

            

Expenses, net of expense waivers

     0.32 %3,4      0.32 %4      0.38 %4      0.63     0.63     0.64 %5 

Expenses, prior to expense waivers

     0.63 %3      0.63     0.63     0.63     0.63     0.64 %5 

Net investment income

     5.08 %3      3.15     1.93     2.12     2.39     1.88

Portfolio turnover rate6

     3     88     63     72     49     41

 

             
WisdomTree Emerging
Markets ex-State-Owned
Enterprises Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the Period
December 10, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

  $ 28.79     $ 31.99     $ 24.72     $ 21.48     $ 25.17     $ 24.59  

Investment operations:

           

Net investment income1

    0.62       0.42       0.28       0.30       0.35       0.07  

Net realized and unrealized gain (loss)

    (1.36     (3.20     7.20       3.25       (3.24     0.56  

Total from investment operations

    (0.74     (2.78     7.48       3.55       (2.89     0.63  

Dividends to shareholders:

           

Net investment income

    (0.48     (0.42     (0.21     (0.31     (0.80     (0.05

Net asset value, end of period

  $ 27.57     $ 28.79     $ 31.99     $ 24.72     $ 21.48     $ 25.17  

TOTAL RETURN2

    (2.59 )%      (8.64 )%7      30.30     16.68     (11.69 )%      2.57

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 452,222     $ 305,184     $ 92,776     $ 2,472     $ 2,148     $ 10,069  

Ratios to average net assets of:

           

Expenses, net of expense waivers

    0.32 %3,4      0.32 %4      0.33 %4      0.58     0.58     0.58 %3 

Expenses, prior to expense waivers

    0.58 %3      0.58     0.58     0.58     0.58     0.58 %3 

Net investment income

    4.41 %3      1.51     0.92     1.33     1.48     0.88 %3 

Portfolio turnover rate6

    3     24     68     15     46     2
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

7 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Emerging Markets
High Dividend Fund
   For the
Six Months Ended
September 30,
2019 (unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 43.72     $ 47.35     $ 40.69     $ 35.05     $ 42.68     $ 49.23  

Investment operations:

            

Net investment income1

     1.69       1.84       1.67       1.42       1.76       2.16  

Net realized and unrealized gain (loss)

     (2.35     (3.57     6.65       5.58       (7.74     (6.57

Total from investment operations

     (0.66     (1.73     8.32       7.00       (5.98     (4.41

Dividends to shareholders:

            

Net investment income

     (1.68     (1.90     (1.66     (1.36     (1.65     (2.14

Net asset value, end of period

   $ 41.38     $ 43.72     $ 47.35     $ 40.69     $ 35.05     $ 42.68  

TOTAL RETURN2

     (1.60 )%      (3.51 )%      20.98     20.44     (14.07 )%      (9.40 )% 

RATIOS/SUPPLEMENTAL DATA:

            

Net assets, end of period (000’s omitted)

   $ 2,098,079     $ 2,173,006     $ 2,282,176     $ 1,721,381     $ 1,321,221     $ 2,159,557  

Ratios to average net assets3 of:

            

Expenses4

     0.63 %5      0.63     0.63     0.63     0.63     0.64 %6 

Net investment income

     7.79 %5      4.23     3.81     3.81     4.64     4.45

Portfolio turnover rate7

     4     44     41     41     43     39

 

     
WisdomTree Emerging Markets Multifactor Fund    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the Period
August 10, 2018*
through
March 31, 2019
 

Net asset value, beginning of period

   $ 23.61     $ 24.68  

Investment operations:

    

Net investment income1

     0.52       0.29  

Net realized and unrealized loss

     (1.89     (1.16

Total from investment operations

     (1.37     (0.87

Dividends to shareholders:

    

Net investment income

     (0.48     (0.20

Net asset value, end of period

   $ 21.76     $ 23.61  

TOTAL RETURN2

     (5.85 )%      (3.52 )% 

RATIOS/SUPPLEMENTAL DATA:

    

Net assets, end of period (000’s omitted)

   $ 23,931     $ 18,886  

Ratios to average net assets of:

    

Expenses

     0.48 %5      0.48 %4,5 

Net investment income

     4.53 %5      1.97 %5 

Portfolio turnover rate7

     90     133
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Annualized.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

98   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Emerging Markets
Quality Dividend Growth Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 24.71     $ 26.94     $ 23.03     $ 21.11     $ 24.08     $ 24.92  

Investment operations:

           

Net investment income1

    0.49       0.71       0.56       0.63       0.55       0.61  

Net realized and unrealized gain (loss)

    (1.13     (2.30     3.87       1.96       (2.94     (0.87

Total from investment operations

    (0.64     (1.59     4.43       2.59       (2.39     (0.26

Dividends to shareholders:

           

Net investment income

    (0.47     (0.64     (0.52     (0.67     (0.58     (0.58

Net asset value, end of period

  $ 23.60     $ 24.71     $ 26.94     $ 23.03     $ 21.11     $ 24.08  

TOTAL RETURN2

    (2.64 )%      (5.79 )%      19.44     12.45     (9.89 )%3      (1.19 )% 

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 66,080     $ 69,189     $ 75,442     $ 48,366     $ 31,667     $ 40,944  

Ratios to average net assets of:

           

Expenses, net of expense waivers

    0.32 %4,5      0.32 %5      0.39 %5      0.63     0.63     0.64 %6 

Expenses, prior to expense waivers

    0.63 %4      0.63     0.63     0.63     0.63     0.64 %6 

Net investment income

    4.08 %4      2.93     2.17     2.88     2.59     2.42

Portfolio turnover rate7

    3     81     62     49     62     47

 

             
WisdomTree Emerging Markets
SmallCap Dividend Fund
 

For the
Six Months Ended
September 30, 2019

(unaudited)

    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 47.03     $ 53.47     $ 44.62     $ 37.90     $ 44.46     $ 46.40  

Investment operations:

           

Net investment income1

    1.38       1.79       1.42       1.35       1.24       1.32  

Net realized and unrealized gain (loss)

    (2.73     (6.35     8.89       6.71       (6.65     (1.97

Total from investment operations

    (1.35     (4.56     10.31       8.06       (5.41     (0.65

Dividends to shareholders:

           

Net investment income

    (1.41     (1.88     (1.46     (1.34     (1.15     (1.29

Net asset value, end of period

  $ 44.27     $ 47.03     $ 53.47     $ 44.62     $ 37.90     $ 44.46  

TOTAL RETURN2

    (2.94 )%      (8.40 )%      23.55     21.76     (12.20 )%      (1.51 )% 

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 1,589,145     $ 1,424,969     $ 1,743,104     $ 1,106,602     $ 894,468     $ 1,413,669  

Ratios to average net assets8 of:

           

Expenses9

    0.63 %4      0.63     0.63     0.63     0.63     0.64 %6 

Net investment income

    5.99 %4      3.81     2.88     3.36     3.13     2.84

Portfolio turnover rate7

    4     40     48     47     52     42
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged.

 

4 

Annualized.

 

5 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

8 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

9 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Trust      99  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Global ex-U.S.
Quality Dividend Growth Fund
  For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

  $ 55.60     $ 59.03     $ 50.03     $ 47.16     $ 50.80     $ 51.68  

Investment operations:

           

Net investment income1

    0.81       1.17       1.24       1.14       1.02       1.05  

Net realized and unrealized gain (loss)

    2.61       (3.34     8.79       2.94       (3.75     (0.91

Total from investment operations

    3.42       (2.17     10.03       4.08       (2.73     0.14  

Dividends to shareholders:

           

Net investment income

    (0.84     (1.26     (1.03     (1.21     (0.91     (1.02

Net asset value, end of period

  $ 58.18     $ 55.60     $ 59.03     $ 50.03     $ 47.16     $ 50.80  

TOTAL RETURN2

    6.16     (3.65 )%      20.18     8.80     (5.42 )%      0.24

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 75,638     $ 72,280     $ 70,841     $ 50,031     $ 66,026     $ 86,353  

Ratios to average net assets3 of:

           

Expenses

    0.58 %4,5      0.58 %5      0.58 %5      0.58     0.58 %5,6      0.59 %5,7 

Net investment income

    2.85 %4      2.11     2.20     2.39     2.15     2.05

Portfolio turnover rate8

    3     60     67     66     61     64

 

             
WisdomTree Global
ex-U.S. Real Estate Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 32.15     $ 32.04     $ 28.16     $ 27.26     $ 29.65     $ 27.77  

Investment operations:

            

Net investment income1

     0.72       1.12       1.11       1.06       0.89       1.54  

Net realized and unrealized gain (loss)

     (1.76     0.24       4.92       1.35       (2.08     1.75  

Total from investment operations

     (1.04     1.36       6.03       2.41       (1.19     3.29  

Dividends to shareholders:

            

Net investment income

     (1.81     (1.25     (2.15     (1.51     (1.20     (1.41

Net asset value, end of period

   $ 29.30     $ 32.15     $ 32.04     $ 28.16     $ 27.26     $ 29.65  

TOTAL RETURN2

     (3.38 )%      4.51     21.90     9.33 %9      (3.89 )%      12.08

RATIOS/SUPPLEMENTAL DATA:

            

Net assets, end of period (000’s omitted)

   $ 101,072     $ 114,146     $ 107,329     $ 83,060     $ 94,044     $ 121,560  

Ratios to average net assets3 of:

            

Expenses

     0.58 %4      0.58     0.58     0.58     0.58 %6      0.59 %5,7 

Net investment income

     4.68 %4      3.72     3.56     3.86     3.22     5.21

Portfolio turnover rate8

     3     17     23     19     32     26

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. 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 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

9 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the year. Excluding this voluntary reimbursement, total return would have been unchanged.

 

See Notes to Financial Statements.

 

100   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Global High
Dividend Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 46.11     $ 46.38     $ 44.75     $ 40.84     $ 44.23     $ 47.51  

Investment operations:

            

Net investment income1

     1.05       1.77       1.59       1.46       1.76       1.83  

Net realized and unrealized gain (loss)

     (0.05     (0.18     1.54       3.97       (3.43     (3.28

Total from investment operations

     1.00       1.59       3.13       5.43       (1.67     (1.45

Dividends to shareholders:

            

Net investment income

     (1.03     (1.86     (1.50     (1.52     (1.72     (1.83

Net asset value, end of period

   $ 46.08     $ 46.11     $ 46.38     $ 44.75     $ 40.84     $ 44.23  

TOTAL RETURN2

     2.17     3.59     7.02     13.54     (3.77 )%      (3.23 )% 

RATIOS/SUPPLEMENTAL DATA:

            

Net assets, end of period (000’s omitted)

   $ 89,854     $ 92,227     $ 104,358     $ 89,510     $ 73,511     $ 101,718  

Ratios to average net assets3 of:

            

Expenses

     0.58 %4,5      0.58 %5      0.58 %5      0.58     0.58 %5,6      0.59 %5,7 

Net investment income

     4.55 %4      3.86     3.41     3.42     4.19     3.91

Portfolio turnover rate8

     2     19     21     21     56     30

 

             
WisdomTree India Earnings
Fund
(consolidated)
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 26.26     $ 25.88     $ 24.07     $ 19.42     $ 22.64     $ 18.93  

Investment operations:

            

Net investment income1

     0.14       0.28       0.24       0.23       0.26       0.22  

Net realized and unrealized gain (loss)

     (2.48     0.45       1.79       4.70       (3.26     3.65  

Total from investment operations

     (2.34     0.73       2.03       4.93       (3.00     3.87  

Dividends and distributions to shareholders:

            

Net investment income

     (0.13     (0.34     (0.22     (0.28     (0.22     (0.16

Tax return of capital

           (0.01                        

Total dividends and distributions to shareholders

     (0.13     (0.35     (0.22     (0.28     (0.22     (0.16

Net asset value, end of period

   $ 23.79     $ 26.26     $ 25.88     $ 24.07     $ 19.42     $ 22.64  

TOTAL RETURN2

     (8.92 )%      2.89     8.46     25.56     (13.31 )%9      20.44

RATIOS/SUPPLEMENTAL DATA:

            

Net assets, end of period (000’s omitted)

   $ 1,213,184     $ 1,323,424     $ 1,671,567     $ 1,564,606     $ 1,475,616     $ 2,372,406  

Ratios to average net assets of:

            

Expenses10

     0.85 %4      0.85     0.84     0.84     0.84     0.84 %11 

Net investment income

     1.14 %4      1.14     0.91     1.09     1.28     0.99

Portfolio turnover rate8

     22     37     22     30     38     26

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Global High Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Annualized.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

9 

Includes a reimbursement from the sub-advisor for operating losses on a creation that took place during the period when the NAV was understated. Excluding the reimbursement, total return would have been unchanged.

 

10 

Includes interest expense of 0.01%, 0.01%, 0.01%, 0.01%, 0.01% and 0.01% for the six months ended September 30, 2019 (not annualized) and fiscal years ended 2019, 2018, 2017, 2016 and 2015, respectively.

 

11 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Trust      101  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree India ex-State-Owned Enterprises Fund    For the Period
April 4, 2019*
through
September 30,
2019 (unaudited)
 

Net asset value, beginning of period

   $ 24.67  

Investment operations:

  

Net investment income1

     0.12  

Net realized and unrealized loss

     (0.69

Total from investment operations

     (0.57

Net asset value, end of period

   $ 24.10  

TOTAL RETURN2

     (2.31 )% 

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 2,410  

Ratios to average net assets of:

  

Expenses

     0.58 %3 

Net investment income

     1.01 %3 

Portfolio turnover rate4

     3

 

             
WisdomTree Middle East
Dividend Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 20.47     $ 18.78     $ 17.60     $ 17.28     $ 20.25      $ 22.38  

Investment operations:

             

Net investment income1

     0.24       0.86       0.58       0.59       0.58        0.67  

Net realized and unrealized gain (loss)

     (0.52     1.59       1.06       0.50       (2.85      (2.06

Total from investment operations

     (0.28     2.45       1.64       1.09       (2.27      (1.39

Dividends to shareholders:

             

Net investment income

     (0.53     (0.76     (0.46     (0.77     (0.70      (0.74

Net asset value, end of period

   $ 19.66     $ 20.47     $ 18.78     $ 17.60     $ 17.28      $ 20.25  

TOTAL RETURN2

     (1.42 )%      13.41 %5      9.49 %6      6.60     (11.57 )%       (6.28 )% 

RATIOS/SUPPLEMENTAL DATA:

             

Net assets, end of period (000’s omitted)

   $ 19,663     $ 20,473     $ 15,024     $ 17,601     $ 20,731      $ 34,420  

Ratios to average net assets of:

             

Expenses

     0.88 %3      0.88     0.88     0.88     0.88      0.89 %7 

Net investment income

     2.34 %3      4.45     3.28     3.44     3.13      2.93

Portfolio turnover rate4

     22     30     46     29     25      89
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

5 

Includes a voluntary reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been 0.05% lower.

 

6 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.88%.

 

See Notes to Financial Statements.

 

102   WisdomTree Trust


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Modern Tech Platforms Fund   

For the Period
May 22, 2019*
through
September 30, 2019

(unaudited)

 

Net asset value, beginning of period

   $ 24.80  

Investment operations:

  

Net investment income1

     0.01  

Net realized and unrealized gain

     0.28  

Total from investment operations

     0.29  

Net asset value, end of period

   $ 25.09  

TOTAL RETURN2

     1.17

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 2,509  

Ratios to average net assets of:

  

Expenses

     0.45 %3 

Net investment income

     0.16 %3 

Portfolio turnover rate4

     0
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

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.

 

See Notes to Financial Statements.

 

WisdomTree Trust      103  


Table of Contents

Notes to Financial Statements (unaudited)

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards 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.

 

   
Fund    Commencement
of Operations
 

WisdomTree Asia Pacific ex-Japan Fund (“Asia Pacific ex-Japan Fund”)

     June 16, 2006  

WisdomTree China ex-State-Owned Enterprises Fund (“China ex-State-Owned Enterprises Fund”)

     September 19, 2012  

WisdomTree Emerging Markets Consumer Growth Fund (“Emerging Markets Consumer Growth Fund”)

     September 27, 2013  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (“Emerging Markets ex-State-Owned Enterprises Fund”)

     December 10, 2014  

WisdomTree Emerging Markets High Dividend Fund (“Emerging Markets High Dividend Fund”)

     July 13, 2007  

WisdomTree Emerging Markets Multifactor Fund (“Emerging Markets Multifactor Fund”)

     August 10, 2018  

WisdomTree Emerging Markets Quality Dividend Growth Fund (“Emerging Markets Quality Dividend Growth Fund”)

     August 1, 2013  

WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund”)

     October 30, 2007  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (“Global ex-U.S. Quality Dividend Growth Fund”)

     June 16, 2006  

WisdomTree Global ex-U.S. Real Estate Fund (“Global ex-U.S. Real Estate Fund”)

     June 5, 2007  

WisdomTree Global High Dividend Fund (“Global High Dividend Fund”)

     June 16, 2006  

WisdomTree India Earnings Fund (“India Earnings Fund”) (consolidated)

     February 22, 2008  

WisdomTree India ex-State-Owned Enterprises Fund (“India ex-State-Owned Enterprises Fund”)

     April 4, 2019  

WisdomTree Middle East Dividend Fund (“Middle East Dividend Fund”)

     July 16, 2008  

WisdomTree Modern Tech Platforms Fund (“Modern Tech Platforms Fund”)

     May 22, 2019  

The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius (“Mauritius”). The Portfolio was incorporated under the provisions of the Mauritius Companies Act, 2001 and holds a Global Business License Category 1 issued by the Financial Services Commission. The Portfolio is advised by WisdomTree Asset Management, Inc. (“WTAM”) and is sub-advised by Mellon Investments Corporation (“Mellon”).

Each Fund, except for the Emerging Markets Consumer Growth Fund, Emerging Markets Multifactor Fund and Emerging Markets Quality Dividend Growth Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). The Emerging Markets Consumer Growth Fund and Emerging Markets Quality Dividend Growth Fund are actively managed using a model-based approach seeking income and capital appreciation. The Emerging Markets Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. WisdomTree Investments is the parent company of WTAM, the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act. The securities in each Index are weighted based on earnings or earnings yield.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities 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.

 

104   WisdomTree Trust


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Basis of Consolidation — The financial statements for the India Earnings Fund include the accounts of a wholly-owned and controlled Mauritius subsidiary (the “Subsidiary”). The Fund’s accompanying financial statements reflect the financial position and the results of operations on a consolidated basis with its Subsidiary. All intercompany accounts and transactions have been eliminated in the consolidation.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g. broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less), if any, generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities, may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

 

WisdomTree Trust      105  


Table of Contents

Notes to Financial Statements (unaudited) (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 may use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The following is a summary of the fair valuations according to the inputs used as of September 30, 2019 in valuing each Fund’s assets:

 

       
Asia Pacific ex-Japan Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 28,810,104      $      $  

Exchange-Traded Fund

     104,874                

Investment of Cash Collateral for Securities Loaned

            72,888         

Total

   $ 28,914,978      $ 72,888      $  

Unrealized Appreciation on Foreign Currency Contracts

            19         

Total - Net

   $ 28,914,978      $ 72,907      $  
        
       
China ex-State-Owned Enterprises Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Energy Equipment & Services

   $      $      $ 0 ** 

Other*

     126,609,978                

Investment of Cash Collateral for Securities Loaned

            3,960,396         

Total

   $ 126,609,978      $ 3,960,396      $ 0  

 

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Notes to Financial Statements (unaudited) (continued)

 

       
Emerging Markets Consumer Growth Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 11,274,920      $ 115,118      $ 2,425 ** 

Indonesia

     634,661               3,188 ** 

Other*

     25,337,209                

Rights

                   0 ** 

Foreign Corporate Bond

            1,977         

Investment of Cash Collateral for Securities Loaned

            688,902         

Total

   $ 37,246,790      $ 805,997      $ 5,613  
        
       
Emerging Markets ex-State-Owned Enterprises Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 162,968,866      $      $ 0 ** 

South Korea

     57,968,583        131,863         

Other*

     230,391,939                

Warrants

     1,761                

Foreign Corporate Bond

            2,383         

Investment of Cash Collateral for Securities Loaned

            4,637,322         

Total

   $ 451,331,149      $ 4,771,568      $ 0  
        
       
Emerging Markets High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

South Korea

   $ 20,865,920      $ 1,819,941      $  

Other*

     2,061,510,221                

Exchange-Traded Fund

     2,242,636                

Investment of Cash Collateral for Securities Loaned

            24,594,727         

Total

   $ 2,084,618,777      $ 26,414,668      $  

Unrealized Depreciation on Foreign Currency Contracts

            (3,090       

Total - Net

   $ 2,084,618,777      $ 26,411,578      $  
        
       
Emerging Markets Multifactor Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 6,342,351      $ 119,887      $  

Other*

     17,396,041                

Rights

            10,239         

Total

   $ 23,738,392      $ 130,126      $  

Unrealized Appreciation on Foreign Currency Contracts

            6,214         

Unrealized Depreciation on Foreign Currency Contracts

            (9,008       

Total - Net

   $ 23,738,392      $ 127,332      $  
        
       
Emerging Markets Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 21,770,734      $ 250,672      $  

Other*

     43,956,776                

Foreign Corporate Bond

            2,188         

Investment of Cash Collateral for Securities Loaned

            849,962         

Total

   $ 65,727,510      $ 1,102,822      $  

 

WisdomTree Trust      107  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

 

       
Emerging Markets SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 328,589,888      $ 3,675,618      $ 262,394 ** 

Hong Kong

     17,221,989               0 ** 

Philippines

     12,942,285               7,068 ** 

South Africa

     124,070,373               0 ** 

South Korea

     115,783,208               318,157 ** 

Other*

     973,880,693                

Exchange-Traded Fund

     3,695,675                

Investment of Cash Collateral for Securities Loaned

            9,976,857         

Total

   $ 1,576,184,111      $ 13,652,475      $ 587,619  

Unrealized Appreciation on Foreign Currency Contracts

            52         

Total - Net

   $ 1,576,184,111      $ 13,652,527      $ 587,619  
        
       
Global ex-U.S. Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 75,300,488      $      $  

Exchange-Traded Funds

     17,340                

Investment of Cash Collateral for Securities Loaned

            3,410,339         

Total

   $ 75,317,828      $ 3,410,339      $  

Unrealized Depreciation on Foreign Currency Contracts

            (9       

Total - Net

   $ 75,317,828      $ 3,410,330      $  
        
       
Global ex-U.S. Real Estate Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Philippines

   $ 486,594      $      $ 209 ** 

Other*

     100,147,782                

Rights

            2,614         

Investment of Cash Collateral for Securities Loaned

            4,869,315         

Total

   $ 100,634,376      $ 4,871,929      $ 209  

Unrealized Depreciation on Foreign Currency Contracts

            (2       

Total - Net

   $ 100,634,376      $ 4,871,927      $ 209  
        
       
Global High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

South Korea

   $ 230,320      $ 9,305      $  

Other*

     89,277,353                

Rights

     643                

Investment of Cash Collateral for Securities Loaned

            1,874,247         

Total

   $ 89,508,316      $ 1,883,552      $  
        
       
India Earnings Fund (consolidated)    Level 1      Level 2      Level 3  

Common Stocks

                          

Chemicals

   $ 30,999,296      $      $ 497,648 ** 

Other*

     1,178,565,694                

Foreign Corporate Bond

            23,502         

Total

   $ 1,209,564,990      $ 23,502      $ 497,648  

 

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Notes to Financial Statements (unaudited) (continued)

 

 

       
India ex-State-Owned Enterprises Fund    Level 1      Level 2      Level 3  

Common Stocks

   $ 2,407,257      $      $  

Foreign Corporate Bond

            162         

Total

   $ 2,407,257      $ 162      $  
        
       
Middle East Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 19,658,292      $      $  

Total

   $ 19,658,292      $      $  

Unrealized Depreciation on Foreign Currency Contracts

            (11       

Total - Net

   $ 19,658,292      $ (11    $  
        
       
Modern Tech Platforms Fund    Level 1      Level 2      Level 3  

Common Stocks

   $ 2,506,794      $      $  

Investment of Cash Collateral for Securities Loaned

            372,636         

Total

   $ 2,506,794      $ 372,636      $  
  *

Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

 

  **

Security is being fair valued using significant unobservable inputs by the Pricing Committee.

 

During the six months or period ended September 30, 2019, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the period ended September 30, 2019 and open positions in such derivatives as of September 30, 2019 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at September 30, 2019 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on page 114. At September 30, 2019, 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. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of September 30, 2019, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.

As of September 30, 2019, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

     
Fund    Asset Derivatives      Liability Derivatives  
   Balance Sheet Location    Value      Balance Sheet Location    Value  

Asia Pacific ex-Japan Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $ 19      Unrealized depreciation on foreign currency contracts    $  

Emerging Markets High Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts           Unrealized depreciation on foreign currency contracts      3,090  

Emerging Markets Multifactor Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      6,214      Unrealized depreciation on foreign currency contracts      9,008  

Emerging Markets SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      52      Unrealized depreciation on foreign currency contracts       

 

WisdomTree Trust      109  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

     
Fund    Asset Derivatives      Liability Derivatives  
   Balance Sheet Location    Value      Balance Sheet Location    Value  

Global ex-U.S. Quality Dividend Growth Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $      Unrealized depreciation on foreign currency contracts    $ 9  

Global ex-U.S. Real Estate Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts           Unrealized depreciation on foreign currency contracts      2  

Middle East Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts           Unrealized depreciation on foreign currency contracts      11  

For the six months or period ended September 30, 2019, the effects of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives  Recognized2
 

Asia Pacific ex-Japan Fund

     

Foreign exchange contracts

   $ (3,729    $ 19  

China ex-State-Owned Enterprises Fund

     

Foreign exchange contracts

     (17,203       

Emerging Markets Consumer Growth Fund

     

Foreign exchange contracts

     (4,151       

Emerging Markets ex-State-Owned Enterprises Fund

     

Foreign exchange contracts

     (139,241       

Emerging Markets High Dividend Fund

     

Foreign exchange contracts

     (3,001      (10,300

Emerging Markets Multifactor Fund

     

Foreign exchange contracts

     (140,265      (24,380

Emerging Markets Quality Dividend Growth Fund

     

Foreign exchange contracts

     1,291        2  

Emerging Markets SmallCap Dividend Fund

     

Foreign exchange contracts

     51,026        52  

Global ex-U.S. Quality Dividend Growth Fund

     

Foreign exchange contracts

     1,364        (9

Global ex-U.S. Real Estate Fund

     

Foreign exchange contracts

     (5,108      (2

Global High Dividend Fund

     

Foreign exchange contracts

     139        (19

India Earnings Fund (consolidated)

     

Foreign exchange contracts

     143,343         

India ex-State-Owned Enterprises Fund3

     

Foreign exchange contracts

     (159       

Middle East Dividend Fund

     

Foreign exchange contracts

     (4,618      (11
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

 

  3 

For the period April 4, 2019 (commencement of operations) through September 30, 2019.

 

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Notes to Financial Statements (unaudited) (continued)

 

During the six months or period ended September 30, 2019, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:

 

   
     Average Notional  
Fund    Foreign currency
contracts
(to deliver USD)
     Foreign currency
contracts
(to receive USD)
 

Asia Pacific ex-Japan Fund

     

Foreign exchange contracts

   $      $ 9,783  

China ex-State-Owned Enterprises Fund

     

Foreign exchange contracts

     353,114        9,863  

Emerging Markets Consumer Growth Fund

     

Foreign exchange contracts

            4,676  

Emerging Markets ex-State-Owned Enterprises Fund

     

Foreign exchange contracts

     1,214,960        28,018  

Emerging Markets High Dividend Fund

     

Foreign exchange contracts

     714,724        1,252,255  

Emerging Markets Multifactor Fund

     

Foreign exchange contracts

     4,255,013        11,763,274  

Emerging Markets Quality Dividend Growth Fund

     

Foreign exchange contracts

            42,216  

Emerging Markets SmallCap Dividend Fund

     

Foreign exchange contracts

     3,268,957        427,223  

Global ex-U.S. Quality Dividend Growth Fund

     

Foreign exchange contracts

            11,192  

Global ex-U.S. Real Estate Fund

     

Foreign exchange contracts

            34,629  

Global High Dividend Fund

     

Foreign exchange contracts

            5,987  

India Earnings Fund (consolidated)

     

Foreign exchange contracts

            229,022  

India ex-State-Owned Enterprises Fund1,2

     

Foreign exchange contracts

     31        7,398  

Middle East Dividend Fund

     

Foreign exchange contracts

     11,211        18,382  
  1 

The volume of derivative activity for the period is based on intra-month balances.

 

  2 

For the period April 4, 2019 (commencement of operations) through September 30, 2019.

Investment Transactions and Investment Income Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Interest income (including amortization of premiums and accretion of discounts), net of any foreign taxes withheld, is accrued daily. Generally, amortization of premiums and accretion of discounts are recognized daily using the effective interest method (also known as the scientific amortization method). Income earned from securities lending activities (i.e. Securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net increase (decrease) in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or

 

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Notes to Financial Statements (unaudited) (continued)

 

increase (decrease) in unrealized appreciation (depreciation) from translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds do not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — The Funds utilized forward foreign currency contracts (“Forward Contracts”) primarily to facilitate foreign security settlements. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be

 

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Notes to Financial Statements (unaudited) (continued)

 

invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.

Master Netting Arrangements — 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”), such as Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in

 

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the Statements of Assets and Liabilities. As of September 30, 2019, 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
 

Asia Pacific ex-Japan Fund

               

Securities Lending

  $ 594,998     $     $ (594,998 )1    $     $     $     $     $  

Foreign Currency Contracts

    19                   19                          

China ex-State-Owned Enterprises Fund

               

Securities Lending

    10,621,693             (10,621,693 )1                               

Emerging Markets Consumer Growth Fund

               

Securities Lending

    1,248,864             (1,248,864 )1                               

Emerging Markets ex-State-Owned Enterprises Fund

               

Securities Lending

    8,544,922             (8,544,922 )1                               

Emerging Markets High Dividend Fund

               

Securities Lending

    180,008,229             (180,008,229 )1                               

Foreign Currency Contracts

                            3,090                   3,090  

Emerging Markets Multifactor Fund

               

Foreign Currency Contracts

    6,214                   6,214       9,008                   9,008  

Emerging Markets Quality Dividend Growth Fund

               

Securities Lending

    1,386,512             (1,386,512 )1                               

Emerging Markets SmallCap Dividend Fund

               

Securities Lending

    159,061,920             (159,061,920 )1                               

Foreign Currency Contracts

    52                   52                          

Global ex-U.S. Quality Dividend Growth Fund

               

Securities Lending

    7,199,858             (7,199,858 )1                               

Foreign Currency Contracts

                            9                   9  

Global ex-U.S. Real Estate Fund

               

Securities Lending

    7,354,041             (7,354,041 )1                               

Foreign Currency Contracts

                            2                   2  

Global High Dividend Fund

               

Securities Lending

    3,823,202             (3,823,202 )1                               

Middle East Dividend Fund

               

Foreign Currency Contracts

                            11                   11  

Modern Tech Platforms Fund

               

Securities Lending

    573,885             (573,885 )1                               
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss

 

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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. The India Earnings Fund has filed an election to treat the Portfolio as a “pass-through” entity for tax purposes.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets. WTAM expects to receive 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 Waiver

    

Advisory Fee
Waiver

Expiration Date

 

Asia Pacific ex-Japan Fund

     0.48              

China ex-State-Owned Enterprises Fund

     0.63      (0.31 )%       July 31, 2020  

Emerging Markets Consumer Growth Fund

     0.63      (0.31 )%       July 31, 2020  

Emerging Markets ex-State-Owned Enterprises Fund

     0.58      (0.26 )%       July 31, 2020  

Emerging Markets High Dividend Fund

     0.63              

Emerging Markets Multifactor Fund

     0.48              

Emerging Markets Quality Dividend Growth Fund

     0.63      (0.31 )%       July 31, 2020  

Emerging Markets SmallCap Dividend Fund

     0.63              

Global ex-U.S. Quality Dividend Growth Fund

     0.58              

Global ex-U.S. Real Estate Fund

     0.58              

Global High Dividend Fund

     0.58              

India Earnings Fund (consolidated)

     0.83              

India ex-State-Owned Enterprises Fund

     0.58              

Middle East Dividend Fund

     0.88              

Modern Tech Platforms Fund

     0.45              

Each Fund may purchase shares of affiliated ETFs in secondary market transactions to reduce cash balances. For these transactions, WTAM waives its advisory fees for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are shown in the Statements of Operations in “Expense waivers”.

 

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Affiliated holdings are holdings in funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the six months ended September 30, 2019 are as follows:

 

               
Fund   Value at
3/31/2019
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
   

Change in
Unrealized
Appreciation/

Depreciation

    Value at
9/30/2019
    Dividend
Income
 

Asia Pacific ex-Japan Fund

             

Global ex-U.S. Real Estate Fund

  $ 2,056     $ 661,144     $ 537,503     $ (23,487   $ 2,664     $ 104,874     $ 20,325  

Emerging Markets High Dividend Fund

             

Global High Dividend Fund

  $ 2,304,355     $ 6,828,786     $ 6,877,464     $ 43,783     $ (56,824   $ 2,242,636     $ 50,862  

Emerging Markets SmallCap Dividend Fund

             

Emerging Markets High Dividend Fund

  $     $ 28,809,493     $ 25,410,975     $ 255,163     $ 41,994     $ 3,695,675     $ 535,593  

Global ex-U.S. Quality Dividend Growth Fund

             

Emerging Markets High Dividend Fund

  $ 4,647     $ 292,128     $ 292,658     $ 2,838     $ (56   $ 6,899     $ 4,935  

International Equity Fund

    6,886       441,440       437,127       (871     113       10,441       5,898  

Total Global ex-U.S. Quality Dividend Growth Fund

  $ 11,533     $ 733,568     $ 729,785     $ 1,967     $ 57     $ 17,340     $ 10,833  

Global High Dividend Fund

             

International High Dividend Fund

  $ 37,976     $ 545,977     $ 590,348     $ 7,134     $ (739   $     $ 8,215  

U.S. High Dividend Fund

    12,755       183,199       199,590       3,977       (341           848  

Total Global High Dividend Fund

  $ 50,731     $ 729,176     $ 789,938     $ 11,111     $ (1,080   $     $ 9,063  

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of and for the six months or period ended September 30, 2019, WTAM held shares of and received distributions from the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

 

       
Fund    Fund Shares
held by WTAM
     Market Value of
Fund Shares
held by WTAM
     Dividends paid to
WTAM on
Fund Shares
held by WTAM
 

Emerging Markets ex-State-Owned Enterprises Fund

     997      $ 27,567      $ 478  

Emerging Markets Multifactor Fund

     807        17,407        382  

Emerging Markets Quality Dividend Growth Fund

     35        820        16  

Emerging Markets SmallCap Dividend Fund

     427        18,916        572  

4. CAPITAL SHARE TRANSACTIONS

As of September 30, 2019, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities and/or an amount of cash. The India Earnings Fund and Middle East Dividend Fund issue and redeem shares on a cash basis only as certain securities markets in which these Funds invest do not permit in-kind transfers of securities. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the six months or period ended September 30, 2019 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  

Asia Pacific ex-Japan Fund

   $ 806,859      $ 1,879,223      $      $   2,109,644  

China ex-State-Owned Enterprises Fund

     12,394,227        9,183,651        1,468,774        9,076,777  

Emerging Markets Consumer Growth Fund

     2,944,578        1,109,649        2,081,118         

Emerging Markets ex-State-Owned Enterprises Fund

     84,919,829        11,152,170        86,355,074         

 

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                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Emerging Markets High Dividend Fund

   $ 108,665,441      $ 88,565,799      $ 25,370,267      $   7,390,731  

Emerging Markets Multifactor Fund

     25,055,073        21,727,368        3,694,972         

Emerging Markets Quality Dividend Growth Fund

     1,745,704        1,732,341                

Emerging Markets SmallCap Dividend Fund

     208,239,867        59,175,478        104,651,002         

Global ex-U.S. Quality Dividend Growth Fund

     1,990,563        2,005,077        5,129,153        4,967,921  

Global ex-U.S. Real Estate Fund

     3,675,975        7,493,029               3,054,199  

Global High Dividend Fund

     2,145,594        2,124,770               2,139,896  

India Earnings Fund (consolidated)

     311,735,214        289,787,210                

India ex-State-Owned Enterprises Fund1

     2,592,655        72,343                

Middle East Dividend Fund

     5,135,944        4,918,046                

Modern Tech Platforms Fund2

            1,154        2,462,540         
  1 

For the period April 4, 2019 (commencement of operations) through September 30, 2019.

 

  2 

For the period May 22, 2019 (commencement of operations) through September 30, 2019.

6. FEDERAL INCOME TAXES

At September 30, 2019, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost    

Gross

Unrealized
Appreciation

   

Gross

Unrealized
Depreciation

    Net Unrealized
Appreciation/
(Depreciation)
          

Gross

Unrealized
Appreciation

   

Gross

Unrealized
Depreciation

   

Net
Unrealized
Appreciation/

(Depreciation)

   

Total Net
Unrealized
Appreciation/

(Depreciation)

 

Asia Pacific ex-Japan Fund

  $ 27,438,623     $ 4,467,667     $ (2,918,424   $ 1,549,243             $     $     $     $ 1,549,243  

China ex-State-Owned Enterprises Fund

    141,859,263       12,805,097       (24,093,986     (11,288,889                               (11,288,889

Emerging Markets Consumer Growth Fund

    35,662,281       4,706,207       (2,310,088     2,396,119                                 2,396,119  

Emerging Markets ex-State-Owned Enterprises Fund

    467,143,426       26,400,731       (37,441,440     (11,040,709                               (11,040,709

Emerging Markets High Dividend Fund

    2,130,961,223       217,341,814       (237,269,592     (19,927,778                   (2,848     (2,848     (19,930,626

Emerging Markets Multifactor Fund

    24,075,198       915,478       (1,122,158     (206,680                               (206,680

Emerging Markets Quality Dividend Growth Fund

    61,155,230       10,784,482       (5,109,380     5,675,102                                 5,675,102  

Emerging Markets SmallCap Dividend Fund

    1,594,060,352       199,081,475       (202,717,622     (3,636,147             52             52       (3,636,095

Global ex-U.S. Quality Dividend Growth Fund

    71,985,017       11,199,759       (4,456,609     6,743,150                     (2     (2     6,743,148  

Global ex-U.S. Real Estate Fund

    107,681,993       12,739,528       (14,915,007     (2,175,479                   (2     (2     (2,175,481

Global High Dividend Fund

    88,072,069       12,187,927       (8,868,128     3,319,799                                 3,319,799  

India Earnings Fund (consolidated)

    956,395,908       362,741,646       (109,051,414     253,690,232                                 253,690,232  

India ex-State Owned Enterprises Fund

    2,517,873       106,390       (216,844     (110,454                               (110,454

Middle East Dividend Fund

    16,907,105       3,461,394       (710,207     2,751,187                     (11     (11     2,751,176  

 

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Notes to Financial Statements (unaudited) (concluded)

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost    

Gross

Unrealized
Appreciation

   

Gross

Unrealized
Depreciation

    Net Unrealized
Appreciation/
(Depreciation)
          

Gross

Unrealized
Appreciation

   

Gross

Unrealized
Depreciation

   

Net
Unrealized
Appreciation/

(Depreciation)

   

Total Net
Unrealized
Appreciation/

(Depreciation)

 

Modern Tech Platforms Fund

  $ 2,834,032     $ 197,035     $ (151,637   $ 45,398             $     $     $     $ 45,398  
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/ (depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/ (depreciation) on a GAAP basis. The unrealized appreciation/ (depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

7. MAURITIUS AND INDIA TAXATION

The Portfolio holds a tax residency certificate issued by the Mauritian Revenue authorities, other tax residency related documentation prescribed by the Indian Revenue authorities and should be regarded as the beneficial owner of the investments made in Indian securities, which should entitle it to claim the benefits of the double taxation avoidance agreement entered between the Government of India and Mauritius (“tax treaty”). Since the India Earnings Fund makes its investments through the Portfolio, a wholly owned subsidiary organized in the Republic of Mauritius, this structure should permit the India Earnings Fund to indirectly benefit from any tax treaty benefits claimed by the portfolio. The Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the tax treaty’s applicability to entities such as the Portfolio. The eligibility for tax treaty benefits does however continue to be a highly litigated matter in India.

The taxable profits derived from the worldwide income of the wholly owned subsidiary of the India Earnings Fund, i.e. the Portfolio, is subject to income tax at the rate of 15% in the Republic of Mauritius. As with all Mauritian tax residents, the Portfolio is entitled to a foreign tax credit (“FTC”) on its foreign sourced income. The FTC is based on the lower of the Mauritian tax or the foreign taxes incurred. Where documentary evidence is not available to substantiate the foreign taxes suffered, the FTC can be presumed to be 80% of the Mauritius tax on its foreign source income. The presumed FTC effectively reduces the Mauritian income tax rate on the foreign sourced income of the Portfolio to a maximum of 3%. Interest income on call and deposit accounts with Mauritian banks is exempt from tax, and there is no tax on capital gains in Mauritius. Prior to August 8, 2012, the Mauritius income tax was paid by the Portfolio, and thereafter, the Mauritius income tax was paid by WTAM.

On May 10, 2016, the Government of India and Mauritius announced the signing of a protocol amending the provisions of the tax treaty (“2016 Protocol”). The 2016 Protocol has become effective on April 1, 2017 in respect of income and gains received from India. The 2016 Protocol, inter alia, provides for capital gains arising on disposal of shares of an Indian company acquired by a company resident in Mauritius on or after April 1, 2017 to be taxed in India. However, investments in shares acquired up to March 31, 2017 are grandfathered, thus exempted from capital gains tax in India irrespective of the date of disposal. In addition, shares acquired from April 1, 2017 and disposed of by March 31, 2019 are taxable at a concessionary rate equivalent to 50% of the domestic tax rate prevailing in India provided the Mauritius company meets the prescribed limitation of benefits (“LOB”) clause. As such, the LOB Article denies the concessional 50% Indian capital gains tax rate benefit in respect of capital gains arising between April 1, 2017 and March 31, 2019, where the detailed LOB conditions prescribed under the tax treaty are not fulfilled.

Any shares acquired by the Portfolio after April 1, 2017 and transferred on or after April 1, 2019 are subject to the full rate of capital gains tax in India. The 2016 Protocol only amends the capital gains article in relation to the taxation of shares. As such, all other “securities” besides shares are subject to similar taxation principles, as they apply currently to the Portfolio.

This amendment will reduce the return to the India Earnings Fund on its investments made on or after April 1, 2017 and the return received by India Earnings Fund shareholders. The Indian tax rates applicable on disposal of securities by the Portfolio would depend on the nature of securities, the holding period and the manner of disposal.

In March 2012, the Indian Finance Minister introduced a new chapter to the Indian Income Tax Act, 1961 (“IT Act”), which included certain General Anti-Avoidance Rules (“GAAR”). GAAR is applicable to financial years beginning on or after April 1, 2017. All investments made into India before April 1, 2017 are grandfathered and are exempt from the applicability of GAAR, irrespective of the date of exit of the investments. With effect from April 1, 2017, the investments made by the Portfolio would be subject to GAAR if any tax benefit is claimed by the Portfolio.

Reference to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.

8. DEMAND NOTE

During the six months ended September 30, 2019, the India Earnings Fund had a demand note agreement with Bank of America, N.A. which allowed the Fund to borrow up to $400,000,000 and having a final maturity date of October 11, 2019. During the six months ended September 30, 2019, the Fund utilized the demand note and borrowed for a period of 11 days with an average outstanding loan balance of $85,400,000 and a weighted average interest rate of 4.20% per annum. Interest expense related to the loan for the period ended September 30, 2019 was $108,031. At September 30, 2019, the Fund had an outstanding loan balance of $1,600,000 under the demand note agreement.

 

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Consideration of the Renewal of Investment Advisory and Sub-Investment Advisory Agreements (all Funds except the WisdomTree India ex-State-Owned Enterprises Fund and the WisdomTree Modern Tech Platforms Fund)

At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on September 12-13, 2019 (the “Meeting”), the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the renewal of (i) the Investment Advisory Agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of the series included in this report (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”); and (ii) the Sub Advisory Agreement (the “Sub-Advisory Agreement” and, the Advisory Agreements together with the Sub-Advisory Agreement (the “Agreements”)), pursuant to which Mellon Investments Corporation (the “Sub-Adviser”) coordinates the investment and reinvestment of the assets of the Funds included in this report.

The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 5, 2019, representatives from WTAM presented preliminary information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.

The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services Provided to the Funds. The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to certain Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WTI indexes are unique, based on WTI’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each 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 Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight of day-to-day Fund operations, including fund accounting, tax matters, administration and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and the Sub-Adviser under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.

Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and the Sub-Adviser under the Advisory Agreements and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the renewal of the Agreements.

Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index, (2) comparing, with respect to the actively-managed Funds, each Fund’s performance with the performance of a group of comparable funds (the “Performance Group”) for various periods ended May 31, 2019, and (3) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Performance Groups, Expense Groups and Expense Universes. The Board noted that the Performance Groups, Expense Groups and Expense Universes included only pure-index and index-based

 

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exchange traded funds (“ETFs”) as comparison funds, except that the Performance Groups, Expense Groups and Expense Universes for the actively-managed Funds included a mix of actively-managed ETFs and institutional funds as comparison funds. The Board also noted that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Performance Groups, Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds. The Board also reviewed reports prepared by WTAM presenting performance data for Funds with ten years of performance history and for WisdomTree indexes with at least three years of performance history that are tracked by an index Fund.

The Board discussed the index Funds’ performance, noting that the index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. The Board also discussed the performance of the actively-managed Funds and noted that total return performance of the Funds was variously above, at and below the relevant Performance Group medians for the time periods measured. In response to questions from the Independent Trustees, WTAM representatives discussed the relative performance of the Funds and the factors affecting such performance. On that basis, the Board determined to monitor carefully in the coming year disparities in performance — both positive and negative — but did not believe that the disparities in the past reflected any characteristics requiring immediate action by WTAM or the Sub-Adviser.

The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, as well as the advisory fees and total expenses of certain funds not included in the Broadridge reports that WTAM considers to be significant competitors of the Funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were within five basis points of the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed more significantly from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer data and/or the unique attributes of a Fund.

The Board considered the fees to the Sub-Adviser in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Adviser and WTAM. The Board also noted that the Sub-Adviser’s fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund tracking an index is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk borne by WTAM that is associated with Funds’ unitary fee structure, which frequently includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.

Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the Sub-Adviser and the Fund’s total expenses supported the Board’s approval of the renewal of the relevant Agreements.

Analysis of Profitability and Economies of Scale. WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.

The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and the Sub-Adviser, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized material economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole and the relative size and asset size changes among the Funds. The Board noted that certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid rate (including during the last year) and could continue to do so.

 

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WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-investment adviser, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.

*    *    *    *    *    *

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of the Funds and the services provided to the Funds by WTAM and the Sub-Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreements.

 

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Consideration of the Approval of Investment Advisory and Sub-Advisory Agreements

WisdomTree Modern Tech Platforms Fund (the “Fund”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on March 28-29, 2019, 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 Investments 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 Trustees noted that representatives from WTAM presented preliminary information to the Trustees regarding the Fund’s proposed investment objective and principal investment strategies and risks at a meeting of the Trust’s Investment Committee, a committee of Independent Trustees, held on March 21, 2019. 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 Funds. The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. It was noted that the WisdomTree Modern Tech Platforms Fund will be passively managed. The Board noted WTAM’s belief that shareholders will invest in the Fund on the strength of WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Fund. 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 fee will be paid by WTAM (out of its fee 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 the Fund is a model or rules-based function, with oversight by WTAM in seeking to ensure consistency with such quantitative models or rules, respectively. 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 the 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 ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Fund had

 

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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.

 

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Consideration of the Approval of Investment Advisory and Sub-Advisory Agreements

WisdomTree India ex-State-Owned Enterprises Fund (the “Fund”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on December 10-11, 2018, 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 Investments 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 Trustees noted that representatives from WTAM presented preliminary information to the Trustees regarding the Fund’s proposed investment objective, index methodology and principal investment strategies and risks at a meeting of the Trust’s Investment Committee, a committee of Independent Trustees, held on December 5, 2018. 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. It was noted that the Fund will be a passive or index-based equity fund. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to the Fund. The Board noted that the strategy represented by the Fund is unique, based on WTI’s intellectual property and is 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 index. 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 fee will be paid by WTAM (out of its fee paid by the Fund) and not by 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 the 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 the 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

 

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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 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.

 

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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

Previously, the Funds were required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Beginning in April 2019, the Funds ceased filing Form N-Q and commenced filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-2905


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Semi-Annual Report

September 30, 2019

 

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree International Dividend ex-Financials Fund (DOO)

WisdomTree International Equity Fund (DWM)

WisdomTree International High Dividend Fund (DTH)

WisdomTree International LargeCap Dividend Fund (DOL)

WisdomTree International MidCap Dividend Fund (DIM)

WisdomTree International Multifactor Fund (DWMF)

WisdomTree International Quality Dividend Growth Fund (IQDG)

WisdomTree International SmallCap Dividend Fund (DLS)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the WisdomTree Funds’ annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, annual and semi-annual shareholder reports will be available on the WisdomTree Funds’ website (www.wisdomtree.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank).

You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account.


Table of Contents

Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Indexes (unaudited)

       13  
Schedules of Investments (unaudited)     

WisdomTree Europe Quality Dividend Growth Fund

       15  

WisdomTree Europe SmallCap Dividend Fund

       18  

WisdomTree International Dividend ex-Financials Fund

       23  

WisdomTree International Equity Fund

       25  

WisdomTree International High Dividend Fund

       34  

WisdomTree International LargeCap Dividend Fund

       40  

WisdomTree International MidCap Dividend Fund

       44  

WisdomTree International Multifactor Fund

       51  

WisdomTree International Quality Dividend Growth Fund

       54  

WisdomTree International SmallCap Dividend Fund

       58  

WisdomTree Japan SmallCap Dividend Fund

       68  

Statements of Assets and Liabilities (unaudited)

       78  

Statements of Operations (unaudited)

       81  

Statements of Changes in Net Assets (unaudited)

       84  

Financial Highlights (unaudited)

       88  

Notes to Financial Statements (unaudited)

       94  

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

       108  

General Information (unaudited)

       111  

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


Table of Contents

Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from April 1, 2019 to September 30, 2019. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/366 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      1  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    19.8%  

Industrials

    19.4%  

Consumer Discretionary

    18.9%  

Health Care

    13.2%  

Materials

    12.2%  

Information Technology

    7.2%  

Communication Services

    2.7%  

Financials

    2.3%  

Energy

    1.6%  

Real Estate

    1.1%  

Utilities

    1.1%  

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*

 

Description   % of Net Assets  

Roche Holding AG, Genusschein

    5.6%  

British American Tobacco PLC

    4.5%  

LVMH Moet Hennessy Louis Vuitton SE

    3.9%  

Industria de Diseno Textil S.A.

    3.6%  

Unilever N.V.

    3.3%  

Rio Tinto PLC

    3.2%  

Novo Nordisk A/S, Class B

    2.7%  

L’Oreal S.A.

    2.6%  

SAP SE

    2.2%  

Diageo PLC

    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 Europe Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,019.30        0.58   $ 2.93  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
      Average Annual Total Return  
      6-Month*     1 Year     3 Year     5 Year     Since Inception1  

Fund NAV Returns

     1.93     0.36     6.60     3.75     2.23

Fund Market Price Returns

     2.02     0.39     6.49     3.84     2.14

WisdomTree Europe Quality Dividend Growth Index

     2.25     1.01     7.20     4.30     2.76

MSCI Europe Index

     2.59     -0.75     6.57     2.38     0.97
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

2   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    24.6%  

Consumer Discretionary

    17.3%  

Financials

    17.3%  

Materials

    8.9%  

Information Technology

    8.1%  

Consumer Staples

    6.2%  

Real Estate

    6.0%  

Communication Services

    4.1%  

Energy

    2.4%  

Health Care

    2.3%  

Utilities

    2.1%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.7%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

bpost S.A.

    1.6%  

BE Semiconductor Industries N.V.

    1.4%  

Siltronic AG

    1.3%  

Deutsche Pfandbriefbank AG

    1.1%  

Aareal Bank AG

    1.1%  

Elkem ASA

    1.0%  

PostNL N.V.

    1.0%  

Metsa Board Oyj

    0.9%  

Peab AB

    0.9%  

Bovis Homes Group PLC

    0.8%  
*

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

The WisdomTree Europe SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 986.70        0.58   $ 2.88  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*     1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -1.33     -8.32      4.08      4.76      8.04

Fund Market Price Returns

       -1.56     -8.26      4.05      4.86      7.95

WisdomTree Europe SmallCap Dividend Index

       -1.34     -8.50      4.29      5.08      8.53

MSCI Europe Small Cap Index

       0.00 %**      -7.80      5.71      5.46      8.03
*

Returns of less than one year are cumulative.

 

**

Amount represents less than 0.01%.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      3  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree International Dividend ex-Financials Fund (DOO)

 

Sector Breakdown

 

Sector   % of Net Assets  

Utilities

    14.2%  

Consumer Discretionary

    13.8%  

Communication Services

    12.0%  

Industrials

    11.3%  

Materials

    10.9%  

Energy

    10.8%  

Consumer Staples

    10.2%  

Health Care

    8.8%  

Information Technology

    6.9%  

Investment Company

    0.5%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

SSE PLC

    2.1%  

Imperial Brands PLC

    2.0%  

Hennes & Mauritz AB, Class B

    1.8%  

Evraz PLC

    1.8%  

Vodafone Group PLC

    1.7%  

British American Tobacco PLC

    1.6%  

Tokyo Electron Ltd.

    1.6%  

Nissan Motor Co., Ltd.

    1.5%  

Subaru Corp.

    1.5%  

Engie S.A.

    1.5%  
*

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

The WisdomTree International Dividend ex-Financials Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the developed world excluding the U.S. and Canada and excluding the financial sector. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,005.90        0.58   $ 2.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       0.59      -0.17      5.43      1.03      3.78

Fund Market Price Returns

       0.72      0.39      5.39      1.11      3.77

WisdomTree International Dividend Top 100/International Dividend ex-Financials Spliced Index1

       0.80      0.24      5.80      1.39      3.97

MSCI EAFE Value Index

       -0.23      -4.92      5.10      0.99      3.23
*

Returns of less than one year are cumulative.

 

1 

WisdomTree International Dividend Top 100 Index prior to May 7, 2009; WisdomTree International Dividend ex-Financials Index thereafter.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

4   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree International Equity Fund (DWM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.0%  

Industrials

    13.0%  

Consumer Discretionary

    11.6%  

Consumer Staples

    9.1%  

Communication Services

    8.5%  

Health Care

    8.4%  

Energy

    7.9%  

Materials

    7.0%  

Utilities

    5.5%  

Information Technology

    3.7%  

Real Estate

    2.5%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

HSBC Holdings PLC

    1.3%  

Nestle S.A., Registered Shares

    1.3%  

China Mobile Ltd.

    1.2%  

BP PLC

    1.2%  

Royal Dutch Shell PLC, Class A

    1.2%  

TOTAL S.A.

    1.2%  

Novartis AG, Registered Shares

    1.1%  

Toyota Motor Corp.

    1.1%  

Royal Dutch Shell PLC, Class B

    1.1%  

Roche Holding AG, Genusschein

    1.0%  
*

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

The WisdomTree International Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Equity Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,007.10        0.48   $ 2.41  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60        0.48   $ 2.43  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       0.71      -3.20      5.52      2.50      4.56

Fund Market Price Returns

       0.57      -2.94      5.37      2.48      4.53

WisdomTree International Equity Index

       1.05      -2.58      5.94      2.75      4.77

MSCI EAFE Index

       2.57      -1.34      6.48      3.27      4.90
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      5  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree International High Dividend Fund (DTH)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    23.1%  

Energy

    12.2%  

Communication Services

    11.5%  

Industrials

    10.6%  

Consumer Discretionary

    10.1%  

Materials

    8.8%  

Utilities

    8.5%  

Health Care

    6.3%  

Consumer Staples

    4.4%  

Information Technology

    2.1%  

Real Estate

    1.7%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.7%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

BP PLC

    2.4%  

China Mobile Ltd.

    2.4%  

Royal Dutch Shell PLC, Class A

    2.3%  

TOTAL S.A.

    2.2%  

British American Tobacco PLC

    1.9%  

GlaxoSmithKline PLC

    1.8%  

HSBC Holdings PLC

    1.6%  

Sanofi

    1.4%  

NTT DOCOMO, Inc.

    1.2%  

AstraZeneca PLC

    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 International High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 997.50        0.58   $ 2.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -0.25      -2.58      5.17      1.16      3.64

Fund Market Price Returns

       -0.35      -2.22      5.06      1.14      3.55

WisdomTree International High Dividend Index

       -0.05      -2.34      5.39      1.41      3.89

MSCI EAFE Value Index

       -0.23      -4.92      5.10      0.99      3.23
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

6   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    23.0%  

Consumer Staples

    10.9%  

Consumer Discretionary

    10.7%  

Health Care

    10.5%  

Energy

    10.4%  

Communication Services

    9.9%  

Industrials

    9.5%  

Materials

    5.0%  

Utilities

    4.6%  

Information Technology

    2.9%  

Real Estate

    1.3%  

Investment Company

    0.5%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

BP PLC

    1.9%  

China Mobile Ltd.

    1.9%  

Nestle S.A., Registered Shares

    1.8%  

Royal Dutch Shell PLC, Class A

    1.8%  

HSBC Holdings PLC

    1.8%  

TOTAL S.A.

    1.7%  

Toyota Motor Corp.

    1.6%  

Novartis AG, Registered Shares

    1.6%  

Royal Dutch Shell PLC, Class B

    1.5%  

Roche Holding AG, Genusschein

    1.5%  
*

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

The WisdomTree International LargeCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,013.40        0.48   $ 2.42  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60        0.48   $ 2.43  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     1.34      -1.65      5.76      1.88      3.99

Fund Market Price Returns

     1.40      -1.06      5.75      1.92      3.94

WisdomTree International LargeCap Dividend Index

     1.44      -1.40      6.01      2.11      4.25

MSCI EAFE Index

     2.57      -1.34      6.48      3.27      4.90
*

Returns of less than one year are cumulative.

 

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

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Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    19.3%  

Financials

    18.9%  

Consumer Discretionary

    12.3%  

Materials

    11.6%  

Utilities

    9.1%  

Communication Services

    6.0%  

Real Estate

    5.7%  

Consumer Staples

    5.4%  

Information Technology

    5.2%  

Health Care

    3.2%  

Energy

    2.7%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

SSE PLC

    0.9%  

Natixis S.A.

    0.7%  

Danske Bank A/S

    0.6%  

Persimmon PLC

    0.6%  

Telefonica Deutschland Holding AG

    0.6%  

Evraz PLC

    0.6%  

UPM-Kymmene Oyj

    0.6%  

Bouygues S.A.

    0.5%  

Standard Life Aberdeen PLC

    0.5%  

Poste Italiane SpA

    0.5%  
*

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

The WisdomTree International MidCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying mid-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 998.70        0.58   $ 2.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -0.13      -4.94      5.62      4.22      5.68

Fund Market Price Returns

       -0.44      -4.64      5.57      4.31      5.62

WisdomTree International MidCap Dividend Index

       -0.02      -4.64      6.05      4.57      5.98

MSCI EAFE Mid Cap Index

       2.40      -4.08      6.01      5.04      6.12
*

Returns of less than one year are cumulative.

 

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

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Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree International Multifactor Fund (DWMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    16.1%  

Consumer Staples

    16.0%  

Industrials

    13.1%  

Health Care

    11.3%  

Communication Services

    10.2%  

Utilities

    9.0%  

Consumer Discretionary

    8.9%  

Real Estate

    5.4%  

Materials

    3.3%  

Energy

    3.1%  

Information Technology

    2.7%  

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*

 

Description   % of Net Assets  

Deutsche Boerse AG

    1.1%  

Direct Line Insurance Group PLC

    1.1%  

Nestle S.A., Registered Shares

    1.0%  

Roche Holding AG, Genusschein

    1.0%  

Aviva PLC

    1.0%  

Sanofi

    1.0%  

Orange S.A.

    0.9%  

Danone S.A.

    0.9%  

Novartis AG, Registered Shares

    0.9%  

Coloplast A/S, Class B

    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 International Multifactor Fund (the “Fund”) seeks capital appreciation by investing primarily in equity securities of developed countries, excluding the United States and Canada, with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,023.30        0.38   $ 1.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      Since Inception1  

Fund NAV Returns

       2.33      1.81      3.09

Fund Market Price Returns

       2.33      2.25      3.70

MSCI EAFE Index

       2.57      -1.34      0.21

MSCI EAFE Local Currency Index

       4.60      1.56      2.39
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      9  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree International Quality Dividend Growth Fund (IQDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    17.7%  

Consumer Staples

    16.0%  

Industrials

    15.9%  

Health Care

    14.0%  

Information Technology

    13.2%  

Materials

    9.9%  

Communication Services

    4.7%  

Real Estate

    3.0%  

Financials

    2.2%  

Utilities

    1.8%  

Energy

    1.3%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Industria de Diseno Textil S.A.

    4.6%  

Unilever N.V.

    4.3%  

British American Tobacco PLC

    3.8%  

Novo Nordisk A/S, Class B

    3.5%  

Rio Tinto PLC

    3.3%  

SAP SE

    2.8%  

Tokyo Electron Ltd.

    2.4%  

Diageo PLC

    2.2%  

Unilever PLC

    2.1%  

Kering S.A.

    2.0%  
*

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

The WisdomTree International Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,017.60        0.38 %1    $ 1.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38 %1    $ 1.92  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through July 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      Since Inception1  

Fund NAV Returns

     1.76      -0.55      6.07      6.19

Fund Market Price Returns

     1.61      -0.36      6.09      6.38

WisdomTree International Quality Dividend Growth Index

     2.03      -0.14      6.38      6.58

MSCI EAFE Index

     2.57      -1.34      6.48      7.82
*

Returns of less than one year are cumulative.

 

1 

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

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

10   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    22.7%  

Consumer Discretionary

    16.4%  

Financials

    15.7%  

Materials

    9.6%  

Information Technology

    7.5%  

Real Estate

    6.5%  

Communication Services

    5.5%  

Consumer Staples

    5.4%  

Health Care

    3.9%  

Utilities

    2.9%  

Energy

    2.6%  

Investment Company

    0.6%  

Other Assets less Liabilities‡

    0.7%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Royal Mail PLC

    0.7%  

bpost S.A.

    0.6%  

Freenet AG

    0.5%  

Hammerson PLC

    0.5%  

Navigator Co. S.A. (The)

    0.5%  

Azimut Holding SpA

    0.5%  

Bank of Queensland Ltd.

    0.5%  

BE Semiconductor Industries N.V.

    0.4%  

Siltronic AG

    0.4%  

Greene King PLC

    0.4%  
*

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

The WisdomTree International SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 990.70        0.58   $ 2.89  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     -0.93      -7.64      4.65      4.68      7.13

Fund Market Price Returns

     -1.07      -7.45      4.46      4.67      7.13

WisdomTree International SmallCap Dividend Index

     0.14      -6.19      5.31      5.30      7.57

MSCI EAFE Small Cap Index

     1.26      -5.93      5.94      6.02      7.45
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      11  


Table of Contents

Performance Summary

as of September 30, 2019 (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    24.6%  

Consumer Discretionary

    22.2%  

Materials

    12.5%  

Financials

    11.5%  

Information Technology

    10.0%  

Consumer Staples

    6.2%  

Health Care

    4.1%  

Communication Services

    3.0%  

Real Estate

    2.7%  

Energy

    1.1%  

Utilities

    0.9%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    1.0%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Haseko Corp.

    1.2%  

Matsui Securities Co., Ltd.

    0.9%  

Aozora Bank Ltd.

    0.9%  

Mitsubishi Gas Chemical Co., Inc.

    0.8%  

Casio Computer Co., Ltd.

    0.7%  

Sumitomo Rubber Industries Ltd.

    0.7%  

Seven Bank Ltd.

    0.6%  

Mebuki Financial Group, Inc.

    0.6%  

DIC Corp.

    0.5%  

Toyota Boshoku Corp.

    0.5%  
*

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

The WisdomTree Japan SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the Japanese equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2019)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 1,013.90        0.58   $ 2.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       1.39      -9.98      5.64      7.63      7.00

Fund Market Price Returns

       2.09      -9.12      5.77      7.77      7.12

WisdomTree Japan SmallCap Dividend Index

       1.50      -9.67      6.56      8.28      7.84

MSCI Japan Small Cap Index

       3.04      -6.11      6.16      7.98      7.57
*

Returns of less than one year are cumulative.

Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

12   WisdomTree Trust


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this report:

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

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

The MSCI EAFE Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets excluding the U.S. & Canada.

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

The MSCI EAFE Value Index is a free float-adjusted market capitalization index that is designed to measure the performance of the “value” stocks within the developed equity market, excluding the U.S. and Canada.

The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within developed market European countries.

The MSCI Europe Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of “small” stocks within developed market European countries.

The MSCI Japan Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan.

The WisdomTree Europe Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index.

The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.

The WisdomTree International Dividend ex-Financials Index measures the performance of high dividend-yielding international stocks outside the financial sector.

The WisdomTree International Dividend Top 100 Index measures the performance of the 100 highest dividend-yielding companies selected from the WisdomTree International LargeCap Dividend Index.

The WisdomTree International Equity Index is a fundamentally weighted Index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States.

The WisdomTree International High Dividend Index is comprised of companies with high dividend yields selected from the WisdomTree International Equity Index.

The WisdomTree International LargeCap Dividend Index is comprised of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International MidCap Dividend Index is comprised of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International Quality Dividend Growth Index is a fundamentally weighted index designed to provide exposure to dividend paying developed market companies.

 

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Table of Contents

Description of Indexes (unaudited) (concluded)

 

The WisdomTree International SmallCap Dividend Index is comprised of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying small-capitalization companies in Japan.

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

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.

Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.

 

14   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

Australia – 2.1%

 

BHP Group PLC

     35,094      $ 749,199  
Austria – 0.5%

 

Andritz AG

     2,175        88,919  

Lenzing AG

     542        52,205  

Verbund AG

     614        33,603  
     

 

 

 
Total Austria

 

     174,727  
Belgium – 0.9%

 

bpost S.A.

     9,792        102,717  

Melexis N.V.(a)

     753        52,170  

Umicore S.A.(a)

     2,894        109,259  

Warehouses De Pauw CVA

     424        77,842  
     

 

 

 
Total Belgium

 

     341,988  
Denmark – 5.5%

 

Chr Hansen Holding A/S

     526        44,654  

Coloplast A/S Class B

     1,957        235,747  

Novo Nordisk A/S Class B

     18,959        974,865  

Novozymes A/S Class B

     1,682        70,733  

Orsted A/S(b)

     3,280        304,889  

Pandora A/S

     3,818        153,254  

Royal Unibrew A/S

     669        55,172  

Tryg A/S

     3,405        97,598  

Vestas Wind Systems A/S

     1,059        82,233  
     

 

 

 
Total Denmark

 

     2,019,145  
Finland – 3.9%

 

DNA Oyj

     1,894        43,114  

Elisa Oyj

     2,752        141,911  

Kesko Oyj Class B

     1,255        79,301  

Kone Oyj Class B

     5,622        320,184  

Konecranes Oyj

     1,168        37,462  

Metsa Board Oyj(a)

     10,102        60,077  

Metso Oyj

     2,159        80,663  

Neste Oyj(a)

     6,692        221,568  

Nokian Renkaat Oyj

     3,274        92,374  

Stora Enso Oyj Class R

     14,299        172,334  

Tieto Oyj

     2,144        54,929  

Valmet Oyj

     1,917        37,221  

Wartsila Oyj Abp(a)

     7,034        78,793  
     

 

 

 
Total Finland

 

     1,419,931  
France – 17.8%

 

Airbus SE

     4,110        534,102  

Altran Technologies S.A.

     2,806        44,082  

BioMerieux

     343        28,382  

Bureau Veritas S.A.

     4,346        104,710  

Cie Plastic Omnium S.A.

     2,493        68,382  

Dassault Systemes SE

     563        80,252  

Gaztransport Et Technigaz S.A.

     621        61,507  

Hermes International

     360        248,827  

Ingenico Group S.A.

     537        52,397  

Ipsen S.A.

     366        34,754  

Kering S.A.

     1,114        567,831  

L’Oreal S.A.

     3,447      965,409  

Legrand S.A.

     2,056        146,770  

LVMH Moet Hennessy Louis Vuitton SE

     3,588        1,426,379  

Metropole Television S.A.

     3,383        55,507  

Peugeot S.A.

     13,729        342,453  

Remy Cointreau S.A.

     328        43,554  

Rubis SCA

     830        48,229  

Safran S.A.

     2,434        383,305  

Sartorius Stedim Biotech

     214        29,956  

SEB S.A.

     259        39,333  

Sopra Steria Group

     321        40,000  

Teleperformance

     318        68,955  

Thales S.A.

     1,644        189,086  

Trigano S.A.

     306        24,603  

Valeo S.A.

     5,265        170,762  

Vinci S.A.

     6,488        698,975  
     

 

 

 
Total France

 

     6,498,502  
Germany – 9.8%

 

adidas AG

     1,131        352,211  

Beiersdorf AG

     878        103,569  

Carl Zeiss Meditec AG Bearer Shares

     272        31,018  

CTS Eventim AG & Co. KGaA

     849        47,852  

Deutsche Post AG Registered Shares

     19,487        651,045  

Deutsche Wohnen SE Bearer Shares

     3,303        120,595  

Duerr AG

     1,093        28,372  

Fielmann AG

     945        69,593  

Fuchs Petrolub SE

     1,169        42,503  

Henkel AG & Co. KGaA

     2,095        191,853  

Hochtief AG

     1,285        146,535  

Hugo Boss AG

     1,571        84,179  

Infineon Technologies AG

     9,575        172,363  

LEG Immobilien AG

     848        97,071  

MTU Aero Engines AG

     302        80,269  

SAP SE

     6,689        786,698  

Scout24 AG(b)

     706        40,254  

Siemens Healthineers AG(b)

     7,882        310,163  

Siltronic AG

     1,172        89,057  

Sixt SE

     296        28,381  

Symrise AG

     827        80,386  
     

 

 

 
Total Germany

 

     3,553,967  
Ireland – 1.3%

 

CRH PLC

     8,229        283,402  

DCC PLC

     826        72,229  

Glanbia PLC

     1,772        22,023  

Kerry Group PLC Class A

     592        69,251  

Kingspan Group PLC

     776        37,900  
     

 

 

 
Total Ireland

 

     484,805  
Italy – 1.6%

 

Davide Campari-Milano SpA

     2,957        26,725  

DiaSorin SpA

     191        22,218  

Ferrari N.V.

     647        99,843  

FinecoBank Banca Fineco SpA

     8,914        94,382  

 

See Notes to Financial Statements.

 

WisdomTree Trust      15  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

September 30, 2019

 

 

 

Investments    Shares      Value  

Freni Brembo SpA(a)

     3,936      $ 38,362  

IMA Industria Macchine Automatiche SpA

     525        36,745  

Moncler SpA

     1,378        49,125  

RAI Way SpA(b)

     7,890        45,847  

Recordati SpA

     2,130        91,399  

Salvatore Ferragamo SpA

     1,620        29,945  

Technogym SpA(b)

     2,928        32,559  
     

 

 

 
Total Italy

 

     567,150  
Kazakhstan – 0.0%

 

KAZ Minerals PLC

     3,016        16,104  
Netherlands – 3.2%

 

ASM International N.V.

     567        52,221  

ASML Holding N.V.

     2,091        518,041  

BE Semiconductor Industries N.V.

     2,345        73,449  

Corbion N.V.

     891        25,877  

Euronext N.V.(b)

     764        62,510  

GrandVision N.V.(b)

     1,566        46,915  

Koninklijke DSM N.V.

     1,753        210,988  

TKH Group N.V. CVA

     531        26,490  

Wolters Kluwer N.V.

     1,991        145,386  
     

 

 

 
Total Netherlands

 

     1,161,877  
Norway – 3.2%

 

Austevoll Seafood ASA

     4,410        41,863  

DNO ASA

     13,688        19,765  

Elkem ASA(b)

     30,191        73,567  

Leroy Seafood Group ASA

     10,093        61,385  

Mowi ASA

     10,307        238,108  

Salmar ASA

     2,992        131,391  

Schibsted ASA Class B

     1,070        30,030  

Telenor ASA

     26,843        539,315  

TGS Nopec Geophysical Co. ASA

     1,855        47,141  
     

 

 

 
Total Norway

 

     1,182,565  
Portugal – 1.2%

 

Altri, SGPS, S.A.

     5,344        35,510  

Galp Energia, SGPS, S.A.

     14,691        221,423  

Jeronimo Martins, SGPS, S.A.

     5,767        97,325  

Navigator Co. S.A. (The)

     26,308        94,131  
     

 

 

 
Total Portugal

 

     448,389  
Spain – 5.0%

 

Amadeus IT Group S.A.

     3,268        234,145  

Cie Automotive S.A.

     1,576        39,518  

Ence Energia y Celulosa S.A.(a)

     6,937        26,394  

Gestamp Automocion S.A.(b)

     8,167        38,108  

Grifols S.A.

     3,037        89,528  

Industria de Diseno Textil S.A.

     41,924        1,298,037  

Prosegur Cash S.A.(b)

     30,649        44,039  

Prosegur Cia de Seguridad S.A.

     10,914        42,549  
     

 

 

 
Total Spain

 

     1,812,318  
Sweden – 3.9%

 

AAK AB

     2,194        42,587  

Alfa Laval AB

     4,235        83,691  

Atlas Copco AB Class A

     6,775      208,925  

Atlas Copco AB Class B

     3,528        95,734  

Atrium Ljungberg AB Class B

     2,253        49,839  

Axfood AB

     3,479        73,988  

Bonava AB Class B

     2,639        29,927  

Epiroc AB Class A

     4,704        51,048  

Epiroc AB Class B

     1,063        10,995  

Essity AB Class B

     4,988        145,752  

Hexpol AB

     4,853        37,290  

Indutrade AB

     1,485        41,686  

Intrum AB(a)

     1,618        40,713  

Investment AB Latour Class B

     5,752        75,818  

Lifco AB Class B

     639        30,169  

Loomis AB Class B

     863        30,370  

Nibe Industrier AB Class B

     3,422        43,453  

Sandvik AB

     11,951        186,397  

Securitas AB Class B

     3,598        55,184  

Sweco AB Class B

     1,502        42,713  

Thule Group AB(b)

     1,630        30,902  
     

 

 

 
Total Sweden

 

     1,407,181  
Switzerland – 14.6%

 

Bucher Industries AG Registered Shares

     137        42,839  

Cie Financiere Richemont S.A. Registered Shares

     5,084        373,314  

EMS-Chemie Holding AG Registered Shares

     266        165,792  

Geberit AG Registered Shares

     325        155,338  

Georg Fischer AG Registered Shares

     59        51,151  

Givaudan S.A. Registered Shares

     92        256,860  

Kuehne + Nagel International AG Registered Shares

     1,851        272,875  

Logitech International S.A. Registered Shares

     1,614        65,521  

Lonza Group AG Registered Shares*

     327        110,645  

Partners Group Holding AG

     341        261,884  

Roche Holding AG Bearer Shares

     2,144        620,957  

Roche Holding AG Genusschein

     6,974        2,031,388  

Schindler Holding AG Participation Certificate

     176        39,395  

Schindler Holding AG Registered Shares

     601        134,165  

SFS Group AG

     621        49,573  

SGS S.A. Registered Shares

     79        196,005  

Sonova Holding AG Registered Shares

     417        97,021  

STMicroelectronics N.V.

     6,210        120,136  

Straumann Holding AG Registered Shares

     67        54,815  

Swatch Group AG (The) Bearer Shares

     355        94,308  

Vifor Pharma AG

     371        59,325  

Vontobel Holding AG Registered Shares

     1,122        60,817  
     

 

 

 
Total Switzerland

 

     5,314,124  
United Kingdom – 25.0%

 

Ashmore Group PLC

     12,760        79,564  

Ashtead Group PLC

     2,862        79,848  

Barratt Developments PLC

     26,880        214,645  

Brewin Dolphin Holdings PLC

     12,009        46,882  

British American Tobacco PLC

     44,244        1,639,745  

Britvic PLC

     3,178        38,516  

Burberry Group PLC

     4,026        107,857  

Carnival PLC

     2,870        119,187  

 

See Notes to Financial Statements.

 

16   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

September 30, 2019

 

 

 

Investments    Shares      Value  

Compass Group PLC

     11,557      $ 298,078  

Countryside Properties PLC(b)

     10,218        42,308  

Croda International PLC

     1,159        69,412  

Diageo PLC

     18,254        749,738  

Diversified Gas & Oil PLC

     17,967        24,355  

Domino’s Pizza Group PLC

     9,722        30,538  

DS Smith PLC

     22,982        102,068  

Dunelm Group PLC

     3,566        36,825  

Electrocomponents PLC

     4,226        33,527  

Evraz PLC

     53,779        309,887  

Ferrexpo PLC

     6,826        13,555  

Fresnillo PLC

     6,092        51,319  

Halma PLC

     2,021        49,087  

Hargreaves Lansdown PLC

     3,838        98,328  

Hastings Group Holdings PLC(b)

     20,557        52,185  

Hays PLC

     35,768        66,468  

HomeServe PLC

     2,356        34,433  

Howden Joinery Group PLC

     5,296        36,573  

Ibstock PLC(b)

     12,964        37,734  

IMI PLC

     3,006        35,569  

Intertek Group PLC

     1,041        70,273  

Johnson Matthey PLC

     1,457        54,887  

Moneysupermarket.com Group PLC

     9,861        45,982  

Next PLC

     1,285        97,956  

Pagegroup PLC

     7,275        39,374  

Reckitt Benckiser Group PLC

     6,538        511,122  

RELX PLC

     12,833        305,608  

Rightmove PLC

     7,146        48,486  

Rio Tinto PLC

     22,391        1,161,365  

Rotork PLC

     9,398        36,075  

Smiths Group PLC

     4,154        80,368  

Softcat PLC

     4,187        51,700  

Spectris PLC

     1,505        45,327  

Spirax-Sarco Engineering PLC

     503        48,627  

Unilever N.V.

     19,836        1,192,630  

Unilever PLC

     11,705        705,337  

Unite Group PLC (The)

     3,711        49,938  

Victrex PLC

     1,495        39,757  

WH Smith PLC

     1,485        36,361  
     

 

 

 
Total United Kingdom

 

     9,119,404  

TOTAL COMMON STOCKS

(Cost: $36,660,251)

 

 

     36,271,376  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5%

 

United States – 1.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $561,637)(d)      561,637        561,637  

TOTAL INVESTMENTS IN SECURITIES – 101.0%

(Cost: $37,221,888)

 

 

     36,833,013  

Other Assets less Liabilities – (1.0)%

 

     (373,452
     

 

 

 
NET ASSETS – 100.0%

 

   $ 36,459,561  
*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $594,586 and the total market value of the collateral held by the Fund was $625,537. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $63,900.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Trust      17  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%

 

Austria – 0.8%

 

AT&S Austria Technologie & Systemtechnik AG

     34,141      $ 586,595  

Palfinger AG

     26,119        687,670  

Porr AG(a)

     38,428        791,800  

S IMMO AG

     54,210        1,247,004  

S&T AG

     14,136        281,252  

Schoeller-Bleckmann Oilfield Equipment AG

     7,573        449,957  
     

 

 

 
Total Austria

 

     4,044,278  
Belgium – 3.7%

 

Bekaert S.A.

     62,203        1,784,857  

bpost S.A.

     809,020        8,486,542  

D’ieteren S.A./N.V.

     52,553        2,850,340  

Econocom Group S.A./N.V.

     307,560        770,524  

Euronav N.V.

     119,525        1,089,359  

Fagron

     23,210        411,436  

Greenyard N.V.(a)

     113,218        351,776  

Ontex Group N.V.

     89,927        1,618,614  

Orange Belgium S.A.

     61,649        1,272,952  

Recticel S.A.

     62,555        531,258  
     

 

 

 
Total Belgium

 

     19,167,658  
Denmark – 3.4%

 

Alm Brand A/S

     236,111        1,856,536  

D/S Norden A/S(a)

     28,682        391,163  

FLSmidth & Co. A/S

     63,819        2,778,811  

Matas A/S

     100,463        740,796  

NNIT A/S(b)

     36,379        448,858  

Per Aarsleff Holding A/S

     19,293        625,394  

Ringkjoebing Landbobank A/S

     24,505        1,538,596  

Scandinavian Tobacco Group A/S Class A(b)

     279,755        3,274,031  

Schouw & Co. A/S

     21,290        1,488,439  

Spar Nord Bank A/S

     138,464        1,247,451  

Sydbank A/S

     181,588        3,202,989  
     

 

 

 
Total Denmark

 

     17,593,064  
Finland – 5.9%

 

Aktia Bank Oyj

     72,209        662,841  

Atria Oyj

     40,850        335,791  

Cargotec Oyj Class B(a)

     66,122        2,127,985  

Caverion Oyj(a)

     42,254        259,808  

Citycon Oyj(a)

     195,023        2,046,410  

Cramo Oyj

     69,210        740,946  

Finnair Oyj

     166,285        1,162,936  

Kemira Oyj

     240,126        3,534,102  

Lehto Group Oyj(a)

     231,128        544,772  

Metsa Board Oyj(a)

     766,754        4,559,917  

Oriola Oyj Class B

     237,614        541,408  

Outokumpu Oyj(a)

     875,831        2,307,826  

Raisio Oyj Class V

     148,382        527,357  

Rovio Entertainment Oyj(a)(b)

     36,522        163,088  

Sanoma Oyj

     109,355        1,220,801  

Terveystalo Oyj*(b)

     70,859        693,709  

Tieto Oyj(a)

     150,729        3,861,631  

Tokmanni Group Corp.

     147,880      1,644,431  

Uponor Oyj

     140,870        1,498,906  

YIT Oyj(a)

     347,570        2,000,702  
     

 

 

 
Total Finland

 

     30,435,367  
France – 5.0%

 

Akka Technologies

     8,226        566,777  

AKWEL

     20,085        372,243  

Albioma S.A.

     32,732        856,426  

Beneteau S.A.

     73,671        775,051  

Chargeurs S.A.

     37,684        660,616  

Coface S.A.

     217,711        2,473,172  

Derichebourg S.A.

     263,578        920,678  

Elior Group S.A.(b)

     196,284        2,608,523  

Eramet

     11,020        545,796  

Europcar Mobility Group(b)

     159,226        883,564  

Haulotte Group S.A.(a)

     42,315        273,562  

Interparfums S.A.

     26,096        1,118,079  

IPSOS

     61,008        1,739,261  

Jacquet Metal Service S.A.(a)

     38,288        646,994  

Kaufman & Broad S.A.

     39,416        1,570,172  

Maisons du Monde S.A.(b)

     42,388        670,065  

Manitou BF S.A.(a)

     33,248        652,445  

Mersen S.A.

     16,082        501,432  

Nexans S.A.

     16,374        604,433  

Quadient SAS

     51,420        1,065,104  

Rallye S.A.(a)

     133,564        1,094,998  

Tarkett S.A.

     69,503        1,028,228  

Television Francaise 1

     342,614        3,008,685  

Trigano S.A.(a)

     19,509        1,568,567  
     

 

 

 
Total France

 

     26,204,871  
Georgia – 0.1%

 

Bank of Georgia Group PLC

     46,588        767,003  
Germany – 9.0%

 

Aareal Bank AG

     183,968        5,593,671  

AURELIUS Equity Opportunities SE & Co. KGaA

     43,081        1,778,167  

Aurubis AG

     61,787        2,754,358  

BayWa AG

     19,314        546,406  

Bilfinger SE

     60,368        1,763,793  

CANCOM SE

     14,529        784,056  

CropEnergies AG

     50,461        346,579  

Dermapharm Holding SE

     35,066        1,379,683  

Deutsche Pfandbriefbank AG(b)

     473,482        5,776,166  

Deutz AG

     100,888        585,137  

DIC Asset AG

     130,560        1,671,030  

Elmos Semiconductor AG

     18,161        482,109  

Encavis AG(a)

     135,653        1,257,056  

GFT Technologies SE

     53,482        397,647  

Hamburger Hafen und Logistik AG

     71,585        1,784,039  

Indus Holding AG

     29,266        1,196,467  

Jenoptik AG

     23,853        591,343  

JOST Werke AG(b)

     19,463        559,109  

Kloeckner & Co. SE

     272,919        1,655,789  

Koenig & Bauer AG

     16,258        635,600  

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

September 30, 2019

 

 

 

Investments    Shares      Value  

NORMA Group SE

     34,357      $ 1,191,850  

PATRIZIA AG

     45,986        854,784  

Pfeiffer Vacuum Technology AG

     5,849        794,522  

RHOEN-KLINIKUM AG

     27,693        620,423  

RIB Software SE

     26,020        603,650  

Salzgitter AG

     56,561        949,607  

Siltronic AG

     86,820        6,597,185  

Takkt AG

     88,359        1,171,360  

VERBIO Vereinigte BioEnergie AG

     53,706        495,921  

Wacker Neuson SE

     70,970        1,237,944  

Wuestenrot & Wuerttembergische AG

     33,254        652,563  
     

 

 

 
Total Germany

 

     46,708,014  
Ireland – 1.5%

 

C&C Group PLC

     485,090        2,194,707  

Dalata Hotel Group PLC

     140,879        752,572  

Greencore Group PLC

     619,853        1,726,289  

Hibernia REIT PLC

     379,292        607,851  

Irish Continental Group PLC

     215,649        982,720  

Origin Enterprises PLC

     139,931        781,070  

Total Produce PLC

     395,599        603,795  
     

 

 

 
Total Ireland

 

     7,649,004  
Italy – 9.6%

 

Anima Holding SpA(b)

     864,780        3,295,969  

Aquafil SpA(a)

     53,343        410,571  

Ascopiave SpA

     253,297        1,070,059  

Avio SpA

     31,026        402,512  

Banca Farmafactoring SpA(b)

     714,415        3,726,822  

Banca IFIS SpA

     184,498        3,079,449  

Banca Popolare di Sondrio SCPA

     458,480        839,722  

Banca Sistema SpA(a)(b)

     356,228        547,587  

BasicNet SpA

     64,839        311,025  

Biesse SpA(a)

     35,523        411,283  

BPER Banca(a)

     651,192        2,517,410  

Brunello Cucinelli SpA

     24,533        764,397  

Cairo Communication SpA

     318,460        815,885  

Cementir Holding SpA

     108,737        729,052  

Cerved Group SpA

     266,423        2,323,635  

CIR-Compagnie Industriali Riunite SpA

     270,561        274,318  

Credito Emiliano SpA

     322,237        1,737,192  

Datalogic SpA(a)

     59,919        860,313  

doValue SpA(b)

     77,343        858,371  

Esprinet SpA(a)

     128,121        515,410  

Falck Renewables SpA

     192,497        815,097  

Fiera Milano SpA(a)

     93,671        427,373  

Fincantieri SpA(a)

     662,081        703,034  

Gamenet Group SpA(b)

     102,237        1,212,671  

Gima TT SpA(a)(b)

     164,537        1,311,255  

Gruppo MutuiOnline SpA

     26,921        484,263  

Immobiliare Grande Distribuzione SIIQ SpA

     187,751        1,150,336  

La Doria SpA

     37,437        367,732  

Maire Tecnimont SpA(a)

     532,925        1,340,936  

MARR SpA

     62,051        1,359,725  

Piaggio & C. SpA

     519,537        1,537,207  

RAI Way SpA(b)

     62,299      362,005  

Reply SpA

     8,147        478,288  

Rizzoli Corriere Della Sera Mediagroup SpA(a)

     1,217,895        1,260,034  

SAES Getters SpA

     22,179        560,965  

Saras SpA

     2,083,791        3,566,645  

Societa Cattolica di Assicurazioni SC

     321,339        2,734,277  

Technogym SpA(b)

     129,006        1,434,552  

Tinexta SpA

     27,004        352,688  

Tod’s SpA(a)

     24,053        1,182,638  

Unieuro SpA(a)(b)

     58,341        745,431  

Zignago Vetro SpA

     73,884        821,593  
     

 

 

 
Total Italy

 

     49,699,727  
Morocco – 0.1%

 

Vivo Energy PLC(b)

     347,185        534,795  
Netherlands – 5.1%

 

Accell Group N.V.

     22,364        541,263  

AMG Advanced Metallurgical Group N.V.(a)

     24,449        589,060  

Arcadis N.V.(a)

     93,241        1,742,304  

BE Semiconductor Industries N.V.

     232,707        7,288,719  

Brunel International N.V.(a)

     38,651        440,756  

Corbion N.V.

     48,362        1,404,574  

ForFarmers N.V.

     159,455        1,006,521  

Intertrust N.V.(b)

     116,005        2,268,847  

Koninklijke BAM Groep N.V.(a)

     341,967        854,486  

Koninklijke Volkerwessels N.V.

     161,243        2,854,783  

PostNL N.V.(a)

     2,341,013        5,201,327  

Sligro Food Group N.V.(a)

     18,581        525,669  

TKH Group N.V. CVA

     40,674        2,029,126  
     

 

 

 
Total Netherlands

 

     26,747,435  
Norway – 6.3%

 

American Shipping Co. ASA*

     167,615        610,619  

Atea ASA*

     107,304        1,381,756  

Austevoll Seafood ASA

     287,526        2,729,392  

Borregaard ASA

     93,537        998,585  

DNO ASA

     1,101,499        1,590,551  

Elkem ASA(b)

     2,188,573        5,332,960  

Europris ASA(b)

     442,313        1,224,814  

Fjordkraft Holding ASA(b)

     198,761        1,150,659  

Grieg Seafood ASA

     133,016        1,627,940  

Kitron ASA

     400,730        408,406  

Kongsberg Gruppen ASA

     140,935        2,024,226  

Kvaerner ASA

     861,266        1,104,315  

Norway Royal Salmon ASA

     34,590        745,406  

Ocean Yield ASA(a)

     218,449        1,230,976  

Sbanken ASA(b)

     103,653        749,509  

Scatec Solar ASA(b)

     50,803        653,632  

Selvaag Bolig ASA

     98,619        558,982  

SpareBank 1 Nord Norge

     243,393        1,818,895  

SpareBank 1 SMN

     246,706        2,674,518  

Sparebanken Vest

     62,126        378,802  

Veidekke ASA

     164,247        1,845,665  

Wallenius Wilhelmsen ASA

     229,031        532,375  

XXL ASA*(a)(b)

     472,925        1,179,456  
     

 

 

 
Total Norway

 

     32,552,439  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

September 30, 2019

 

 

 

Investments    Shares      Value  
Portugal – 2.0%

 

Altri, SGPS, S.A.

     337,607      $ 2,243,320  

Corticeira Amorim, SGPS, S.A.

     42,601        463,043  

Mota-Engil, SGPS, S.A.(a)

     412,327        814,079  

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

     1,046,102        2,919,578  

Semapa-Sociedade de Investimento e Gestao

     44,257        564,513  

Sonae, SGPS, S.A.

     3,773,053        3,516,941  
     

 

 

 
Total Portugal

 

     10,521,474  
Spain – 3.7%

 

Applus Services S.A.

     61,241        794,503  

Atresmedia Corp. de Medios de Comunicacion S.A.(a)

     749,441        2,887,421  

Construcciones y Auxiliar de Ferrocarriles S.A.

     18,708        849,471  

Ence Energia y Celulosa S.A.(a)

     649,971        2,473,008  

Euskaltel S.A.(b)

     213,316        1,895,340  

Faes Farma S.A.

     357,073        1,823,781  

Liberbank S.A.

     2,086,349        638,690  

Melia Hotels International S.A.

     152,989        1,187,535  

Metrovacesa S.A.(b)

     168,016        1,619,232  

Sacyr S.A.(a)

     953,757        2,443,496  

Tubacex S.A.

     101,176        287,337  

Unicaja Banco S.A.(b)

     2,867,081        2,281,755  
     

 

 

 
Total Spain

 

     19,181,569  
Sweden – 13.7%

 

AddNode Group AB

     19,259        310,466  

AddTech AB Class B

     38,390        999,562  

AF Poyry AB Class B

     84,028        1,692,157  

Ahlstrom-Munksjo Oyj(a)

     110,201        1,686,781  

Alimak Group AB(b)

     31,593        417,720  

Ambea AB(b)

     46,141        333,194  

Arjo AB Class B

     155,935        592,519  

Atrium Ljungberg AB Class B

     112,625        2,491,412  

Avanza Bank Holding AB

     162,576        1,326,118  

Betsson AB*

     280,443        1,359,124  

Bilia AB Class A

     203,143        1,614,665  

BioArctic AB(a)(b)

     52,336        328,692  

BioGaia AB Class B

     14,955        658,606  

Biotage AB

     35,612        370,530  

Bonava AB Class B

     133,986        1,519,448  

Bravida Holding AB(b)

     176,088        1,546,477  

Bufab AB

     38,239        399,808  

Catena AB

     31,810        1,045,003  

Clas Ohlson AB Class B(a)

     133,194        1,279,494  

Cloetta AB Class B

     316,964        911,032  

Coor Service Management Holding AB(b)

     169,912        1,472,364  

Dios Fastigheter AB

     209,260        1,828,230  

Duni AB

     33,623        383,690  

Dustin Group AB(b)

     110,604        885,876  

Fagerhult AB

     126,334        684,856  

Granges AB

     89,494        914,769  

Hemfosa Fastigheter AB

     282,655        2,866,179  

HIQ International AB*

     104,269        516,459  

HMS Networks AB(a)

     19,678        254,177  

Inwido AB

     62,131      334,916  

JM AB(a)

     143,429        3,670,279  

KappAhl AB

     391,462        794,697  

KNOW IT AB

     25,262        472,242  

Kungsleden AB

     234,659        2,133,665  

Lagercrantz Group AB Class B

     43,830        559,011  

LeoVegas AB(a)(b)

     148,560        545,910  

Lindab International AB

     54,073        552,161  

Midsona AB Class B(a)

     58,741        307,083  

Mycronic AB(a)

     91,245        1,131,265  

NCC AB Class B

     128,320        2,140,374  

NetEnt AB*

     575,100        1,775,226  

New Wave Group AB Class B

     60,465        344,999  

Nobia AB

     467,244        2,713,509  

Nobina AB(b)

     238,262        1,491,538  

Nolato AB Class B

     23,034        1,231,101  

Nordic Waterproofing Holding A/S(b)

     57,145        499,256  

NP3 Fastigheter AB

     38,624        388,513  

Paradox Interactive AB(a)

     24,882        336,074  

Peab AB

     500,749        4,453,807  

Platzer Fastigheter Holding AB Class B

     80,592        788,531  

Pricer AB Class B

     258,030        330,143  

Ratos AB Class B

     156,206        397,817  

Resurs Holding AB(b)

     471,954        2,800,864  

Rottneros AB

     384,365        395,618  

Samhallsbyggnadsbolaget i Norden AB(a)

     355,082        763,819  

Scandi Standard AB

     85,405        598,486  

Scandic Hotels Group AB(b)

     158,713        1,273,623  

Sectra AB Class B*(a)

     16,521        546,099  

Semcon AB

     64,303        362,974  

SkiStar AB

     67,031        857,646  

Tethys Oil AB

     40,729        324,352  

Thule Group AB(b)

     106,139        2,012,206  

Troax Group AB

     12,260        124,070  

Vitrolife AB

     16,000        261,998  

Wihlborgs Fastigheter AB

     161,178        2,622,873  
     

 

 

 
Total Sweden

 

     71,026,153  
Switzerland – 2.5%

 

Arbonia AG*

     43,939        527,894  

Ascom Holding AG Registered Shares

     55,044        570,782  

Bobst Group S.A. Registered Shares(a)

     10,812        555,699  

Comet Holding AG Registered Shares

     3,785        326,440  

Daetwyler Holding AG Bearer Shares

     8,618        1,403,563  

EFG International AG*

     224,464        1,393,403  

Huber + Suhner AG Registered Shares

     14,147        910,833  

Landis+Gyr Group AG*

     32,063        2,876,233  

Mobilezone Holding AG Registered Shares*

     70,737        697,332  

Swissquote Group Holding S.A. Registered Shares

     14,959        622,573  

Tornos Holding AG Registered Shares*(a)

     37,994        275,863  

u-blox Holding AG*

     6,518        470,637  

Valiant Holding AG Registered Shares

     25,149        2,501,911  
     

 

 

 
Total Switzerland

 

     13,133,163  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

September 30, 2019

 

 

 

Investments    Shares      Value  
United Kingdom – 26.9%

 

A.G. Barr PLC

     55,452      $ 395,651  

Amigo Holdings PLC(b)

     97,750        81,670  

Arrow Global Group PLC

     266,455        712,525  

Ascential PLC(b)

     182,431        852,029  

Balfour Beatty PLC

     337,333        922,844  

BCA Marketplace PLC

     866,826        2,518,790  

Biffa PLC(b)

     189,029        550,904  

Big Yellow Group PLC

     112,679        1,442,696  

Bodycote PLC

     215,967        1,906,865  

Bovis Homes Group PLC

     306,895        4,212,998  

Brewin Dolphin Holdings PLC

     307,371        1,199,953  

Card Factory PLC

     573,808        1,186,519  

CareTech Holdings PLC

     109,589        488,868  

Central Asia Metals PLC

     272,973        699,680  

Charter Court Financial Services Group PLC(b)

     215,566        803,567  

Chemring Group PLC

     209,445        507,939  

Chesnara PLC

     102,459        355,422  

Clarkson PLC

     22,069        666,293  

Clipper Logistics PLC

     99,221        260,435  

CMC Markets PLC(b)

     402,567        525,848  

Coats Group PLC

     557,321        510,626  

Computacenter PLC

     66,874        1,065,546  

Concentric AB

     43,630        532,498  

Costain Group PLC

     171,561        330,230  

Countryside Properties PLC(b)

     424,957        1,759,546  

Cranswick PLC

     19,481        707,709  

Crest Nicholson Holdings PLC

     495,950        2,316,292  

Daily Mail & General Trust PLC Class A Non-Voting Shares

     218,725        2,296,436  

Dart Group PLC

     30,936        348,820  

De La Rue PLC

     124,761        343,615  

Devro PLC

     206,288        482,488  

DFS Furniture PLC

     224,911        612,519  

Dignity PLC

     59,858        376,191  

Diploma PLC

     55,682        1,141,099  

DiscoverIE Group PLC

     62,409        330,698  

Diversified Gas & Oil PLC

     976,215        1,323,288  

Dixons Carphone PLC

     2,177,855        3,192,344  

Domino’s Pizza Group PLC

     443,925        1,394,427  

Drax Group PLC

     430,990        1,466,922  

Dunelm Group PLC

     144,584        1,493,071  

Elementis PLC

     655,053        1,193,881  

EMIS Group PLC

     43,034        538,793  

Empiric Student Property PLC

     882,549        1,014,698  

Equiniti Group PLC(b)

     215,916        576,315  

Essentra PLC

     294,170        1,542,824  

Euromoney Institutional Investor PLC

     68,606        1,251,239  

FDM Group Holdings PLC(a)

     78,578        715,586  

Ferrexpo PLC

     421,324        836,687  

Forterra PLC(b)

     167,593        587,563  

Galliford Try PLC

     288,336        2,378,843  

Games Workshop Group PLC

     20,055        1,166,490  

Gamma Communications PLC(a)

     20,475        278,806  

Genus PLC

     17,110      588,683  

Go-Ahead Group PLC (The)

     52,286        1,297,661  

GoCo Group PLC

     305,518        303,074  

Halfords Group PLC

     415,627        871,725  

Hastings Group Holdings PLC(b)

     1,117,999        2,838,082  

Headlam Group PLC

     116,641        651,846  

Helical PLC

     74,976        359,408  

Hill & Smith Holdings PLC

     50,403        776,395  

Hilton Food Group PLC

     53,426        654,418  

Hochschild Mining PLC

     143,723        363,075  

Hollywood Bowl Group PLC

     115,521        330,267  

Hunting PLC

     62,970        355,709  

Hyve Group PLC

     347,941        365,739  

Ibstock PLC(b)

     618,073        1,799,020  

IntegraFin Holdings PLC

     177,445        865,915  

J D Wetherspoon PLC

     33,410        638,152  

James Fisher & Sons PLC

     19,085        483,304  

James Halstead PLC

     93,135        578,442  

John Laing Group PLC(b)

     272,446        1,232,148  

John Menzies PLC

     129,966        647,034  

Johnson Service Group PLC

     228,682        490,340  

Jupiter Fund Management PLC

     812,836        3,559,891  

Keller Group PLC

     105,262        735,480  

Liontrust Asset Management PLC

     51,132        487,697  

M&C Saatchi PLC(a)

     91,085        195,305  

Marshalls PLC

     132,982        1,084,844  

Marston’s PLC

     905,375        1,377,881  

McCarthy & Stone PLC(b)

     468,282        837,319  

Mears Group PLC

     155,972        495,887  

Midwich Group PLC

     57,569        366,771  

Millennium & Copthorne Hotels PLC

     40,696        345,531  

Mitie Group PLC(a)

     254,244        458,678  

MJ Gleeson PLC

     47,373        471,692  

Moneysupermarket.com Group PLC

     361,758        1,686,885  

Morgan Advanced Materials PLC

     310,032        994,864  

Morgan Sindall Group PLC

     48,188        723,273  

Morses Club PLC

     205,442        316,458  

Motorpoint group PLC(a)

     126,026        347,876  

N Brown Group PLC

     438,687        605,465  

NCC Group PLC

     205,972        442,153  

Northgate PLC

     85,073        345,957  

Numis Corp. PLC

     113,479        318,835  

OneSavings Bank PLC

     196,262        893,407  

Oxford Instruments PLC

     20,051        315,779  

Pagegroup PLC

     364,631        1,973,478  

Paragon Banking Group PLC

     326,574        1,941,356  

PayPoint PLC

     98,829        1,110,697  

Pendragon PLC

     946,289        106,699  

Pets at Home Group PLC

     470,991        1,208,397  

Photo-Me International PLC

     541,510        642,612  

Polar Capital Holdings PLC

     134,649        902,648  

Polypipe Group PLC

     136,793        683,720  

Premier Asset Management Group PLC(a)

     154,739        357,534  

Provident Financial PLC

     141,205        708,556  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

September 30, 2019

 

 

 

Investments    Shares      Value  

PZ Cussons PLC

     316,255      $ 789,185  

QinetiQ Group PLC

     300,904        1,070,882  

Rank Group PLC

     193,783        452,762  

Redde PLC

     812,898        1,147,987  

Renew Holdings PLC

     77,598        368,152  

Renewi PLC

     2,116,889        787,810  

Restaurant Group PLC (The)

     364,925        639,469  

RM PLC

     117,891        393,701  

Robert Walters PLC

     44,944        303,507  

RPS Group PLC

     346,711        629,769  

RWS Holdings PLC

     85,477        618,306  

Sabre Insurance Group PLC(b)

     337,316        1,226,239  

Safestore Holdings PLC

     135,978        1,120,176  

Saga PLC

     2,984,183        1,857,091  

Savills PLC

     99,545        1,079,489  

Senior PLC

     297,651        688,108  

SIG PLC

     352,020        545,279  

Soco International PLC

     990,761        781,385  

Softcat PLC

     133,484        1,648,213  

Speedy Hire PLC

     584,599        370,286  

Spire Healthcare Group PLC(b)

     338,469        465,478  

Spirent Communications PLC

     322,331        788,856  

St. Modwen Properties PLC

     104,798        560,479  

Stagecoach Group PLC

     784,371        1,292,317  

SThree PLC

     121,209        452,578  

Stock Spirits Group PLC

     198,264        569,267  

Superdry PLC

     127,991        649,820  

Synthomer PLC

     322,121        1,287,704  

TalkTalk Telecom Group PLC(a)

     734,456        950,323  

TBC Bank Group PLC

     38,200        581,833  

Ted Baker PLC

     67,366        804,416  

Telecom Plus PLC

     62,441        946,436  

Telford Homes PLC

     131,508        566,390  

TI Fluid Systems PLC(a)(b)

     506,448        1,204,505  

TP ICAP PLC

     784,244        3,285,840  

TT Electronics PLC

     139,254        429,007  

Tyman PLC

     295,073        876,320  

U & I Group PLC

     208,293        401,960  

Ultra Electronics Holdings PLC

     48,886        1,218,097  

Vertu Motors PLC

     605,326      248,399  

Vesuvius PLC

     249,372        1,399,449  

Vitec Group PLC (The)

     39,658        608,438  

Watkin Jones PLC

     193,077        535,340  

William Hill PLC

     1,725,404        3,989,842  

Wincanton PLC

     137,813        380,412  

XPS Pensions Group PLC

     298,679        426,952  
     

 

 

 
Total United Kingdom

 

     139,369,902  

TOTAL COMMON STOCKS

(Cost: $594,814,292)

 

 

     515,335,916  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      

WisdomTree International MidCap Dividend Fund(c)

 

  
(Cost: $65,023)      1,055        63,627  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.3%

 

United States – 7.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(d)

     
(Cost: $37,827,975)(e)      37,827,975        37,827,975  

TOTAL INVESTMENTS IN SECURITIES – 106.6%

(Cost: $632,707,290)

 

 

     553,227,518  

Other Assets less Liabilities – (6.6)%

 

     (34,410,410
     

 

 

 
NET ASSETS – 100.0%

 

   $ 518,817,108  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(e) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $47,669,630. The Fund also had securities on loan having a total market value of $339,393 that were sold and pending settlement. The total market value of the collateral held by the Fund was $50,641,155. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $12,813,180.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/2/2019       860,860       USD       700,000       GBP     $     $ (1,750

Bank of Montreal

    10/1/2019       540,777       USD       440,000       GBP             (1,434

JP Morgan Chase Bank N.A.

    10/2/2019       18,586       USD       168,730       NOK       15        
                                            $ 15     $ (3,184

 

CURRENCY LEGEND
GBP   British pound
NOK   Norwegian krone
USD   U.S. dollar

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree International Dividend ex-Financials Fund (DOO)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%

 

Australia – 8.1%

 

BHP Group Ltd.

     57,025      $ 1,412,270  

BHP Group PLC

     71,072        1,517,270  

Rio Tinto Ltd.

     21,512        1,344,527  

South32 Ltd.

     745,844        1,317,950  

Sydney Airport

     326,170        1,766,482  

Wesfarmers Ltd.

     83,415        2,239,117  

Woodside Petroleum Ltd.

     82,561        1,803,024  

Woolworths Group Ltd.

     46,711        1,174,478  
     

 

 

 
Total Australia

 

     12,575,118  
China – 2.2%

 

China Mobile Ltd.

     185,500        1,534,515  

CNOOC Ltd.

     1,201,000        1,832,278  
     

 

 

 
Total China

 

     3,366,793  
Denmark – 0.6%

 

Novo Nordisk A/S Class B

     17,815        916,041  
Finland – 3.9%

 

Fortum Oyj

     92,584        2,189,282  

Nokia Oyj

     313,536        1,589,449  

UPM-Kymmene Oyj

     76,397        2,258,770  
     

 

 

 
Total Finland

 

     6,037,501  
France – 8.6%

 

Bouygues S.A.

     53,132        2,128,725  

Capgemini SE

     5,314        626,258  

Danone S.A.

     11,292        994,938  

Engie S.A.

     143,195        2,338,545  

Orange S.A.

     112,300        1,762,372  

Renault S.A.

     36,348        2,086,736  

Sanofi

     17,003        1,576,729  

TOTAL S.A.

     35,550        1,855,860  
     

 

 

 
Total France

 

     13,370,163  
Germany – 8.4%

 

BASF SE

     27,294        1,907,949  

Bayer AG Registered Shares

     30,819        2,173,511  

Bayerische Motoren Werke AG

     27,558        1,940,524  

Daimler AG Registered Shares

     45,652        2,270,498  

Deutsche Post AG Registered Shares

     48,486        1,619,877  

Deutsche Telekom AG Registered Shares

     96,179        1,614,128  

Evonik Industries AG

     62,300        1,538,376  
     

 

 

 
Total Germany

 

     13,064,863  
Hong Kong – 1.1%

 

Power Assets Holdings Ltd.

     249,000        1,672,303  
Italy – 3.5%

 

Enel SpA

     243,789        1,820,850  

Eni SpA

     133,506        2,042,624  

Snam SpA

     322,990        1,631,741  
     

 

 

 
Total Italy

 

     5,495,215  
Japan – 20.6%

 

Astellas Pharma, Inc.

     65,000        925,307  

Canon, Inc.

     61,600        1,642,952  

FANUC Corp.

     10,700      2,013,768  

Fujitsu Ltd.

     10,400        832,866  

Hitachi Ltd.

     23,300        867,323  

Honda Motor Co., Ltd.

     57,000        1,475,961  

Japan Tobacco, Inc.

     90,000        1,970,298  

Komatsu Ltd.(a)

     69,400        1,589,313  

Marubeni Corp.(a)

     259,500        1,723,277  

Mitsubishi Corp.

     56,900        1,395,715  

Murata Manufacturing Co., Ltd.

     16,000        767,615  

Nippon Steel Corp.(a)

     89,300        1,243,962  

Nissan Motor Co., Ltd.(a)

     384,800        2,400,127  

Nomura Research Institute Ltd.

     36,000        716,502  

NTT DOCOMO, Inc.(a)

     71,400        1,818,776  

Otsuka Holdings Co., Ltd.

     27,800        1,039,204  

Sekisui House Ltd.

     93,800        1,844,321  

Subaru Corp.

     83,200        2,340,301  

Sumitomo Corp.(a)

     110,600        1,727,437  

Takeda Pharmaceutical Co., Ltd.

     36,800        1,256,461  

Tokyo Electron Ltd.(a)

     13,100        2,492,727  
     

 

 

 
Total Japan

 

     32,084,213  
Netherlands – 0.8%

 

Koninklijke Ahold Delhaize N.V.

     52,780        1,320,848  
Norway – 3.1%

 

Equinor ASA

     87,204        1,660,878  

Mowi ASA

     73,381        1,695,218  

Telenor ASA

     73,614        1,479,013  
     

 

 

 
Total Norway

 

     4,835,109  
Portugal – 2.2%

 

EDP – Energias de Portugal S.A.

     435,478        1,691,088  

Galp Energia, SGPS, S.A.

     109,932        1,656,897  
     

 

 

 
Total Portugal

 

     3,347,985  
Singapore – 1.9%

 

Singapore Telecommunications Ltd.

     767,800        1,721,151  

Wilmar International Ltd.

     430,300        1,160,618  
     

 

 

 
Total Singapore

 

     2,881,769  
Spain – 6.3%

 

Amadeus IT Group S.A.

     7,686        550,686  

Endesa S.A.

     80,814        2,126,816  

Naturgy Energy Group S.A.

     60,234        1,598,337  

Red Electrica Corp. S.A.

     77,912        1,582,850  

Repsol S.A.

     139,148        2,175,366  

Telefonica S.A.

     226,799        1,731,041  
     

 

 

 
Total Spain

 

     9,765,096  
Sweden – 3.1%

 

Hennes & Mauritz AB Class B

     145,795        2,829,851  

Telia Co. AB

     460,858        2,065,673  
     

 

 

 
Total Sweden

 

     4,895,524  
Switzerland – 2.6%

 

Kuehne + Nagel International AG Registered Shares

     11,580        1,707,125  

Novartis AG Registered Shares

     13,031        1,130,926  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree International Dividend ex-Financials Fund (DOO)

September 30, 2019

 

 

 

Investments    Shares      Value  

Roche Holding AG Genusschein

     4,134      $ 1,204,152  
     

 

 

 
Total Switzerland

 

     4,042,203  
United Kingdom – 21.9%

 

AstraZeneca PLC

     16,742        1,498,028  

BAE Systems PLC

     275,673        1,936,357  

BP PLC

     294,995        1,875,048  

British American Tobacco PLC

     67,693        2,508,798  

BT Group PLC

     1,033,573        2,274,523  

Evraz PLC

     472,233        2,721,116  

Fiat Chrysler Automobiles N.V.

     148,346        1,920,020  

GlaxoSmithKline PLC

     89,316        1,920,178  

Imperial Brands PLC

     136,932        3,084,927  

National Grid PLC

     198,407        2,156,218  

Rio Tinto PLC

     31,729        1,645,704  

Royal Dutch Shell PLC Class A

     65,290        1,918,091  

Sage Group PLC (The)

     79,087        673,831  

SSE PLC

     213,235        3,272,793  

Unilever N.V.

     15,772        948,284  

Unilever PLC

     17,268        1,040,560  

Vodafone Group PLC

     1,307,479        2,610,153  
     

 

 

 
Total United Kingdom

 

     34,004,629  

TOTAL COMMON STOCKS

(Cost: $171,717,953)

 

 

     153,675,373  
EXCHANGE-TRADED FUND – 0.5%      
United States – 0.5%      

WisdomTree International LargeCap Dividend Fund(b)

 

  
(Cost: $707,248)      15,683        720,634  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.4%

 

United States – 4.4%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $6,850,620)(d)      6,850,620        6,850,620  

TOTAL INVESTMENTS IN SECURITIES – 103.8%

(Cost: $179,275,821)

 

 

     161,246,627  

Other Assets less Liabilities – (3.8)%

 

     (5,890,693
     

 

 

 
NET ASSETS – 100.0%

 

   $ 155,355,934  
(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $10,449,535 and the total market value of the collateral held by the Fund was $10,997,947. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $4,147,327.

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree International Equity Fund (DWM)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%

 

Australia – 7.3%

 

AGL Energy Ltd.

     44,400      $ 573,757  

Alumina Ltd.

     418,966        669,695  

APA Group(a)

     64,417        497,892  

ARB Corp., Ltd.(a)

     19,274        247,637  

Aristocrat Leisure Ltd.

     21,071        434,867  

ASX Ltd.

     11,437        625,348  

Aurizon Holdings Ltd.

     104,186        414,583  

AusNet Services

     329,331        403,143  

Australia & New Zealand Banking Group Ltd.

     177,071        3,406,015  

Bendigo & Adelaide Bank Ltd.(a)

     33,780        261,776  

BHP Group Ltd.

     157,428        3,898,830  

BHP Group PLC

     129,171        2,757,589  

Boral Ltd.

     82,721        269,471  

Brambles Ltd.

     57,012        438,350  

Caltex Australia Ltd.

     16,391        290,965  

Challenger Ltd.

     50,364        250,344  

CIMIC Group Ltd.

     17,211        365,070  

Coca-Cola Amatil Ltd.

     52,284        375,550  

Cochlear Ltd.

     2,536        356,021  

Commonwealth Bank of Australia

     102,154        5,569,005  

Computershare Ltd.

     24,458        266,405  

Crown Resorts Ltd.

     39,098        317,754  

CSL Ltd.

     7,827        1,233,630  

CSR Ltd.(a)

     104,513        300,987  

Downer EDI Ltd.

     57,932        304,763  

Flight Centre Travel Group Ltd.(a)

     7,772        249,511  

Fortescue Metals Group Ltd.(a)

     165,068        979,705  

Harvey Norman Holdings Ltd.(a)

     145,623        444,916  

Incitec Pivot Ltd.

     85,518        195,527  

Insurance Australia Group Ltd.

     120,427        641,654  

JB Hi-Fi Ltd.(a)

     17,687        405,586  

Macquarie Group Ltd.

     18,164        1,605,823  

Magellan Financial Group Ltd.(a)

     11,794        409,177  

Medibank Pvt Ltd.

     167,838        384,874  

Metcash Ltd.(a)

     122,087        246,201  

Mineral Resources Ltd.(a)

     21,156        190,915  

National Australia Bank Ltd.

     190,938        3,824,710  

New Hope Corp., Ltd.(a)

     119,332        177,064  

Orica Ltd.

     20,429        310,564  

Origin Energy Ltd.(a)

     51,501        276,837  

OZ Minerals Ltd.

     46,166        299,223  

Pendal Group Ltd.

     49,920        248,810  

Perpetual Ltd.(a)

     9,433        238,196  

Platinum Asset Management Ltd.(a)

     75,408        215,642  

Premier Investments Ltd.

     31,668        413,500  

Qantas Airways Ltd.

     99,601        422,536  

Ramsay Health Care Ltd.(a)

     8,328        364,363  

REA Group Ltd.(a)

     6,410        467,859  

Rio Tinto Ltd.

     23,563        1,472,717  

Santos Ltd.

     88,213        459,898  

Seven Group Holdings Ltd.(a)

     19,409        228,035  

Sims Metal Management Ltd.(a)

     36,611        256,800  

Sonic Healthcare Ltd.

     28,036      530,394  

South32 Ltd.

     334,434        590,964  

Southern Cross Media Group Ltd.

     693,673        577,792  

Spark Infrastructure Group

     177,874        259,129  

Star Entertainment Group Ltd. (The)(a)

     75,725        222,677  

Suncorp Group Ltd.

     61,054        562,074  

Sydney Airport

     137,993        747,347  

Tabcorp Holdings Ltd.

     105,794        346,061  

Tassal Group Ltd.

     168,043        485,080  

Telstra Corp., Ltd.

     436,008        1,032,170  

Transurban Group

     120,546        1,194,330  

Treasury Wine Estates Ltd.(a)

     27,459        343,911  

Washington H Soul Pattinson & Co., Ltd.

     17,950        254,597  

Wesfarmers Ltd.

     88,948        2,387,640  

Westpac Banking Corp.

     246,581        4,929,325  

Whitehaven Coal Ltd.(a)

     126,789        265,945  

Woodside Petroleum Ltd.

     70,917        1,548,734  

Woolworths Group Ltd.

     49,183        1,236,632  

WorleyParsons Ltd.(a)

     27,334        239,845  
     

 

 

 
Total Australia

 

     57,714,737  
Austria – 0.5%

 

Andritz AG

     10,536        430,738  

Erste Group Bank AG*

     25,233        834,624  

Oesterreichische Post AG

     10,428        366,069  

OMV AG

     20,942        1,124,197  

Raiffeisen Bank International AG

     15,974        370,762  

Telekom Austria AG*

     49,815        362,236  

UNIQA Insurance Group AG

     33,037        298,400  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     14,911        388,518  
     

 

 

 
Total Austria

 

     4,175,544  
Belgium – 1.3%

 

Ageas

     10,406        577,214  

Anheuser-Busch InBev S.A./N.V.

     50,555        4,818,158  

Bekaert S.A.

     10,137        290,872  

bpost S.A.

     42,062        441,226  

Colruyt S.A.(a)

     3,590        196,787  

KBC Group N.V.

     27,799        1,806,871  

Proximus SADP

     25,788        766,109  

Solvay S.A.

     5,893        610,332  

UCB S.A.

     6,239        452,997  

Umicore S.A.(a)

     10,799        407,701  
     

 

 

 
Total Belgium

 

     10,368,267  
China – 3.1%

 

China Everbright International Ltd.

     314,000        241,927  

China Jinmao Holdings Group Ltd.

     838,000        479,963  

China Mobile Ltd.

     1,188,481        9,831,491  

China Overseas Land & Investment Ltd.

     397,175        1,248,867  

China Resources Power Holdings Co., Ltd.

     448,000        543,470  

China South City Holdings Ltd.

     3,658,000        433,954  

China Traditional Chinese Medicine Holdings Co., Ltd.

     594,000        272,776  

China Unicom Hong Kong Ltd.

     658,000        698,339  

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Equity Fund (DWM)

September 30, 2019

 

 

 

Investments    Shares      Value  

CITIC Ltd.

     1,203,000      $ 1,519,211  

CITIC Telecom International Holdings Ltd.

     845,000        307,198  

CNOOC Ltd.

     3,201,700        4,884,600  

CPMC Holdings Ltd.(a)

     1,426,000        572,990  

CSPC Pharmaceutical Group Ltd.

     184,000        369,437  

Fosun International Ltd.

     428,487        530,184  

Guangdong Investment Ltd.

     294,000        575,294  

Lenovo Group Ltd.

     755,003        503,695  

Shougang Fushan Resources Group Ltd.

     2,178,000        450,080  

Sino-Ocean Group Holding Ltd.

     1,148,000        389,530  

Sinotruk Hong Kong Ltd.

     192,000        284,593  

Sun Art Retail Group Ltd.

     317,500        322,384  
     

 

 

 
Total China

 

     24,459,983  
Denmark – 1.2%

 

Chr Hansen Holding A/S

     3,318        281,678  

Coloplast A/S Class B

     7,747        933,230  

Danske Bank A/S

     75,061        1,045,377  

FLSmidth & Co. A/S

     6,369        277,319  

H. Lundbeck A/S

     11,946        396,308  

ISS A/S

     10,800        267,298  

Novo Nordisk A/S Class B

     56,985        2,930,148  

Novozymes A/S Class B

     5,453        229,313  

Orsted A/S(b)

     11,781        1,095,091  

Pandora A/S

     12,195        489,506  

Scandinavian Tobacco Group A/S Class A(b)

     20,530        240,267  

Sydbank A/S(a)

     14,281        251,899  

Tryg A/S

     20,396        584,611  

Vestas Wind Systems A/S

     4,447        345,316  
     

 

 

 
Total Denmark

 

     9,367,361  
Finland – 1.8%

 

Elisa Oyj

     13,509        696,611  

Fortum Oyj

     63,080        1,491,617  

Kesko Oyj Class B

     5,921        374,136  

Kone Oyj Class B

     21,634        1,232,101  

Metso Oyj

     12,957        484,088  

Neste Oyj(a)

     29,247        968,350  

Nokia Oyj

     321,589        1,630,273  

Nordea Bank Abp

     459,195        3,260,366  

Orion Oyj Class B

     8,759        326,769  

Sampo Oyj Class A

     40,895        1,626,414  

Stora Enso Oyj Class R

     61,836        745,257  

UPM-Kymmene Oyj

     42,203        1,247,783  

Valmet Oyj

     13,022        252,841  

YIT Oyj(a)

     45,877        264,080  
     

 

 

 
Total Finland

 

     14,600,686  
France – 10.6%

 

Accor S.A.

     13,002        542,185  

Aeroports de Paris

     3,609        642,116  

Air Liquide S.A.

     12,446        1,772,063  

Airbus SE

     15,150        1,968,770  

Amundi S.A.(b)

     11,769        821,156  

AXA S.A.

     146,802        3,749,820  

BNP Paribas S.A.

     97,694      4,757,622  

Bollore S.A.

     85,759        355,466  

Bouygues S.A.

     22,514        902,020  

Bureau Veritas S.A.

     21,958        529,043  

Capgemini SE

     5,614        661,613  

Carrefour S.A.

     28,966        507,154  

Cie de Saint-Gobain

     25,850        1,014,540  

Cie Generale des Etablissements Michelin SCA

     6,551        731,331  

CNP Assurances

     37,951        733,564  

Coface S.A.

     39,574        449,556  

Covivio

     5,583        591,007  

Credit Agricole S.A.

     188,579        2,290,259  

Danone S.A.

     23,951        2,110,322  

Dassault Systemes SE

     2,482        353,793  

Edenred

     10,291        493,983  

Eiffage S.A.

     4,757        493,300  

Electricite de France S.A.

     107,003        1,198,043  

Elior Group S.A.(b)

     22,138        294,204  

Elis S.A.

     16,845        297,871  

Engie S.A.

     163,154        2,664,500  

EssilorLuxottica S.A.

     10,477        1,510,563  

Eutelsat Communications S.A.

     25,325        471,429  

Getlink SE

     29,415        441,900  

Hermes International

     1,279        884,028  

ICADE

     5,417        484,556  

Kering S.A.

     3,495        1,781,482  

Klepierre S.A.

     28,224        958,787  

L’Oreal S.A.

     11,810        3,307,654  

Lagardere SCA

     14,299        316,452  

Legrand S.A.

     8,867        632,982  

LVMH Moet Hennessy Louis Vuitton SE

     11,500        4,571,726  

Metropole Television S.A.

     20,024        328,544  

Natixis S.A.

     268,635        1,114,355  

Nexity S.A.

     9,099        433,294  

Orange S.A.

     156,168        2,450,811  

Pernod Ricard S.A.

     6,633        1,181,594  

Peugeot S.A.

     43,887        1,094,707  

Publicis Groupe S.A.

     11,282        554,960  

Renault S.A.

     23,820        1,367,504  

Safran S.A.

     10,160        1,599,990  

Sanofi

     62,569        5,802,174  

Schneider Electric SE

     23,075        2,025,087  

SCOR SE

     13,044        538,817  

SEB S.A.

     1,478        224,456  

Societe BIC S.A.(a)

     4,515        303,211  

Societe Generale S.A.

     87,525        2,398,852  

Sodexo S.A.

     5,626        631,747  

Suez

     41,010        644,929  

Television Francaise 1

     27,687        243,135  

Thales S.A.

     6,670        767,157  

TOTAL S.A.

     173,724        9,069,126  

Veolia Environnement S.A.

     33,131        840,138  

Vinci S.A.

     24,636        2,654,124  

Vivendi S.A.

     38,318        1,051,876  
     

 

 

 
Total France

 

     83,607,448  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Equity Fund (DWM)

September 30, 2019

 

 

 

Investments    Shares      Value  
Germany – 7.7%

 

adidas AG

     3,882      $ 1,208,915  

Allianz SE Registered Shares

     20,662        4,817,123  

Axel Springer SE*

     6,267        430,434  

BASF SE

     60,193        4,207,708  

Bayer AG Registered Shares

     61,742        4,354,356  

Bayerische Motoren Werke AG

     38,871        2,737,141  

Beiersdorf AG

     3,765        444,118  

Bilfinger SE

     3,544        103,546  

Brenntag AG

     9,972        482,693  

Commerzbank AG

     59,603        345,819  

Continental AG

     10,277        1,318,709  

Covestro AG(b)

     17,010        841,911  

Daimler AG Registered Shares

     87,986        4,375,976  

Deutsche Boerse AG

     5,829        911,275  

Deutsche Pfandbriefbank AG(b)

     37,636        459,134  

Deutsche Post AG Registered Shares

     62,965        2,103,609  

Deutsche Telekom AG Registered Shares

     265,305        4,452,491  

Deutsche Wohnen SE Bearer Shares

     11,283        411,951  

E.ON SE

     116,547        1,133,244  

Evonik Industries AG

     33,098        817,290  

Fielmann AG

     6,005        442,226  

Fraport AG Frankfurt Airport Services Worldwide

     4,868        412,998  

Freenet AG

     24,141        497,157  

Fresenius Medical Care AG & Co. KGaA

     8,915        599,670  

Fresenius SE & Co. KGaA

     14,780        691,174  

Hannover Rueck SE

     7,023        1,187,519  

HeidelbergCement AG

     8,803        636,475  

Hella GmbH & Co. KGaA

     9,878        441,744  

Henkel AG & Co. KGaA

     7,197        659,078  

Hochtief AG

     3,233        368,675  

Infineon Technologies AG

     37,739        679,354  

Jenoptik AG

     3,116        77,249  

LEG Immobilien AG

     3,973        454,793  

Merck KGaA

     3,622        408,099  

METRO AG

     26,009        410,581  

MTU Aero Engines AG

     2,161        574,374  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     7,274        1,882,609  

Rheinmetall AG

     3,119        394,609  

RWE AG

     23,537        736,186  

Salzgitter AG

     4,961        83,291  

SAP SE

     22,408        2,635,422  

Siemens AG Registered Shares

     37,903        4,059,871  

Siemens Healthineers AG(b)

     11,169        439,509  

Software AG

     3,106        85,365  

Symrise AG

     5,472        531,891  

Talanx AG

     14,419        623,125  

Telefonica Deutschland Holding AG

     409,913        1,143,137  

TUI AG

     69,517        808,273  

Uniper SE

     17,545        575,548  

United Internet AG Registered Shares

     6,984        249,205  

Volkswagen AG

     8,998        1,546,977  

Wacker Neuson SE

     12,936        225,645  
     

 

 

 
Total Germany

 

     60,519,272  
Hong Kong – 2.5%

 

AIA Group Ltd.

     220,565      2,083,430  

Bank of East Asia Ltd. (The)

     126,128        310,517  

BOC Hong Kong Holdings Ltd.

     557,444        1,891,473  

Cathay Pacific Airways Ltd.(a)

     202,000        252,519  

CLP Holdings Ltd.

     105,000        1,102,986  

Dah Sing Financial Holdings Ltd.

     62,400        230,834  

Galaxy Entertainment Group Ltd.

     123,000        764,886  

Hang Lung Properties Ltd.

     253,000        574,457  

Hang Seng Bank Ltd.

     88,000        1,897,084  

Henderson Land Development Co., Ltd.

     210,859        981,753  

Hong Kong & China Gas Co., Ltd.

     461,268        899,071  

Hong Kong Exchanges & Clearing Ltd.

     33,989        997,203  

MTR Corp., Ltd.

     197,553        1,108,801  

New World Development Co., Ltd.

     540,772        702,230  

PCCW Ltd.

     553,000        310,381  

Power Assets Holdings Ltd.

     89,000        597,731  

Sino Land Co., Ltd.

     328,400        493,475  

SJM Holdings Ltd.

     319,000        303,155  

Sun Hung Kai Properties Ltd.

     118,500        1,705,079  

Swire Pacific Ltd. Class A

     50,500        469,931  

Swire Properties Ltd.

     205,800        645,799  

Television Broadcasts Ltd.

     208,900        340,554  

Wharf Holdings Ltd. (The)

     147,000        320,649  

Wheelock & Co., Ltd.

     75,000        427,169  
     

 

 

 
Total Hong Kong

 

     19,411,167  
Ireland – 0.4%

 

AIB Group PLC

     141,049        418,874  

Bank of Ireland Group PLC

     62,300        247,227  

CRH PLC

     26,497        912,541  

DCC PLC

     5,067        443,079  

Grafton Group PLC

     30,080        281,713  

Kerry Group PLC Class A

     4,109        480,664  

Kingspan Group PLC

     5,080        248,112  

Total Produce PLC

     208,967        318,942  
     

 

 

 
Total Ireland

 

     3,351,152  
Israel – 0.3%

 

Bank Leumi Le-Israel BM

     45,610        324,642  

Harel Insurance Investments & Financial Services Ltd.

     36,455        316,849  

Israel Chemicals Ltd.

     73,361        364,293  

Mediterranean Towers Ltd.

     96,625        255,754  

Mehadrin Ltd.*

     257        10,290  

Naphtha Israel Petroleum Corp., Ltd.

     49,089        273,282  

Paz Oil Co., Ltd.

     1,855        271,115  

Phoenix Holdings Ltd. (The)

     46,918        297,641  
     

 

 

 
Total Israel

 

     2,113,866  
Italy – 3.5%

 

A2A SpA

     225,978        414,872  

ACEA SpA

     20,104        401,526  

Anima Holding SpA(b)

     114,289        435,594  

Assicurazioni Generali SpA

     72,962        1,414,277  

Atlantia SpA

     42,058        1,017,448  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Equity Fund (DWM)

September 30, 2019

 

 

 

Investments    Shares      Value  

Azimut Holding SpA

     18,167      $ 341,054  

Banca Farmafactoring SpA(b)

     82,811        431,992  

Banca Generali SpA

     11,330        349,561  

Banca Mediolanum SpA

     58,071        436,199  

Banca Popolare di Sondrio SCPA

     200,547        367,309  

Credito Emiliano SpA

     77,573        418,199  

Enel SpA

     514,418        3,842,167  

Eni SpA

     239,618        3,666,123  

ERG SpA

     17,974        362,512  

Ferrari N.V.

     2,330        359,560  

Freni Brembo SpA(a)

     24,308        236,915  

Hera SpA

     87,275        358,324  

Infrastrutture Wireless Italiane SpA(b)

     39,717        412,211  

Intesa Sanpaolo SpA

     1,973,929        4,681,626  

Italgas SpA

     67,490        435,727  

Maire Tecnimont SpA(a)

     95,160        239,440  

MARR SpA

     12,951        283,796  

Piaggio & C. SpA

     115,424        341,517  

Pirelli & C SpA(b)

     55,485        328,338  

Poste Italiane SpA(b)

     81,591        927,754  

Recordati SpA

     7,577        325,131  

Saras SpA

     196,501        336,334  

Snam SpA

     236,794        1,196,280  

Societa Cattolica di Assicurazioni SC

     46,005        391,457  

Societa Iniziative Autostradali e Servizi SpA

     18,108        316,059  

Terna Rete Elettrica Nazionale SpA

     138,557        890,317  

UniCredit SpA

     70,880        836,098  

Unipol Gruppo SpA

     71,272        379,646  

UnipolSai Assicurazioni SpA

     228,679        608,306  
     

 

 

 
Total Italy

 

     27,783,669  
Japan – 20.1%

 

Aeon Co., Ltd.

     33,800        619,393  

AEON Financial Service Co., Ltd.(a)

     19,300        290,371  

AGC, Inc.

     12,400        384,363  

Aisin Seiki Co., Ltd.(a)

     18,000        565,441  

Alps Alpine Co., Ltd.

     15,600        291,142  

Amada Holdings Co., Ltd.(a)

     31,400        338,187  

ANA Holdings, Inc.(a)

     15,700        527,909  

Aoyama Trading Co., Ltd.(a)

     23,700        412,708  

Aozora Bank Ltd.(a)

     15,700        392,518  

Asahi Group Holdings Ltd.

     16,200        801,943  

Asahi Kasei Corp.(a)

     66,700        656,662  

Astellas Pharma, Inc.

     75,000        1,067,661  

Azbil Corp.

     19,500        521,263  

Bandai Namco Holdings, Inc.(a)

     10,700        666,306  

Bridgestone Corp.

     33,400        1,293,043  

Brother Industries Ltd.

     19,600        354,731  

Canon, Inc.

     77,200        2,059,024  

Casio Computer Co., Ltd.(a)

     20,600        319,269  

Chiba Bank Ltd. (The)(a)

     76,900        395,618  

Chubu Electric Power Co., Inc.(a)

     33,000        477,863  

Chugai Pharmaceutical Co., Ltd.

     14,300        1,111,450  

Citizen Watch Co., Ltd.(a)

     61,000        298,015  

Cosmo Energy Holdings Co., Ltd.

     9,900      203,817  

Dai-ichi Life Holdings, Inc.

     53,533        806,896  

Daido Steel Co., Ltd.(a)

     5,000        195,929  

Daiichi Sankyo Co., Ltd.

     13,700        862,501  

Daikin Industries Ltd.

     6,400        839,713  

Daito Trust Construction Co., Ltd.

     4,600        587,796  

Daiwa House Industry Co., Ltd.

     28,600        927,796  

Denka Co., Ltd.(a)

     13,500        371,117  

Denso Corp.

     32,800        1,441,288  

Dentsu, Inc.

     10,900        383,757  

DIC Corp.

     12,400        343,976  

Disco Corp.(a)

     2,300        435,420  

East Japan Railway Co.

     9,600        915,808  

Eisai Co., Ltd.

     10,700        543,638  

FamilyMart Co., Ltd.

     15,800        384,931  

FANUC Corp.

     14,400        2,710,118  

Fast Retailing Co., Ltd.

     1,300        772,362  

FCC Co., Ltd.(a)

     16,000        307,934  

FIDEA Holdings Co., Ltd.(a)

     391,400        420,101  

Fuji Electric Co., Ltd.

     10,000        305,806  

FUJIFILM Holdings Corp.

     14,500        635,947  

Fujikura Ltd.(a)

     92,300        353,571  

Fujitsu Ltd.

     7,600        608,633  

Fukuoka Financial Group, Inc.(a)

     14,400        271,944  

Gunma Bank Ltd. (The)

     127,300        412,260  

Hamamatsu Photonics K.K.

     9,400        348,776  

Hanwa Co., Ltd.

     9,400        256,929  

Haseko Corp.(a)

     41,900        487,719  

Hino Motors Ltd.

     40,600        334,342  

Hiroshima Bank Ltd. (The)(a)

     104,600        516,830  

Hitachi High-Technologies Corp.

     5,700        329,105  

Hitachi Ltd.

     27,900        1,038,554  

Hitachi Metals Ltd.(a)

     30,500        329,059  

Hitachi Zosen Corp.

     156,300        507,622  

Hokuhoku Financial Group, Inc.

     32,200        311,349  

Honda Motor Co., Ltd.

     86,100        2,229,478  

Horiba Ltd.

     5,600        323,331  

Hoya Corp.

     9,900        807,847  

Hyakugo Bank Ltd. (The)

     129,800        414,351  

Idemitsu Kosan Co., Ltd.

     12,651        357,611  

IHI Corp.(a)

     11,200        243,327  

Isuzu Motors Ltd.(a)

     45,000        495,697  

ITOCHU Corp.

     85,200        1,758,790  

Iyo Bank Ltd. (The)(a)

     107,900        564,085  

Japan Airlines Co., Ltd.

     15,800        469,578  

Japan Exchange Group, Inc.

     28,100        441,748  

Japan Post Holdings Co., Ltd.

     172,900        1,591,816  

Japan Post Insurance Co., Ltd.

     28,600        431,349  

Japan Steel Works Ltd. (The)(a)

     15,800        303,500  

Japan Tobacco, Inc.

     141,744        3,103,089  

Japan Wool Textile Co., Ltd. (The)

     23,300        213,004  

JFE Holdings, Inc.

     49,100        590,608  

JSR Corp.(a)

     17,800        284,767  

JTEKT Corp.(a)

     29,200        334,756  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Equity Fund (DWM)

September 30, 2019

 

 

 

Investments    Shares      Value  

JXTG Holdings, Inc.(a)

     200,200      $ 912,130  

Kajima Corp.(a)

     24,800        325,159  

Kaneka Corp.(a)

     11,600        361,175  

Kanematsu Corp.

     25,800        289,810  

Kansai Electric Power Co., Inc. (The)(a)

     52,000        581,467  

Kao Corp.

     11,900        879,108  

Kawasaki Heavy Industries Ltd.(a)

     13,800        305,432  

KDDI Corp.

     114,100        2,982,489  

Keihin Corp.

     27,900        409,174  

Keiyo Bank Ltd. (The)(a)

     41,400        244,780  

Keyence Corp.

     700        433,310  

Kintetsu World Express, Inc.

     37,200        522,504  

Kirin Holdings Co., Ltd.

     29,100        616,061  

Kitz Corp.(a)

     74,100        492,972  

Kobe Steel Ltd.(a)

     58,200        310,185  

Koito Manufacturing Co., Ltd.(a)

     7,700        376,183  

Komatsu Ltd.

     55,900        1,280,153  

Kubota Corp.

     37,900        573,190  

Kuraray Co., Ltd.

     22,300        273,811  

Kyowa Kirin Co., Ltd.

     17,600        341,659  

Lawson, Inc.

     6,900        353,060  

Lintec Corp.

     5,200        102,821  

LIXIL Group Corp.(a)

     20,900        367,430  

Mabuchi Motor Co., Ltd.

     8,800        327,735  

Makita Corp.

     12,600        396,391  

Marubeni Corp.(a)

     102,900        683,334  

Marui Group Co., Ltd.(a)

     19,100        403,296  

Mebuki Financial Group, Inc.(a)

     157,000        386,417  

Michinoku Bank Ltd. (The)(a)

     18,900        272,636  

Mitsubishi Chemical Holdings Corp.

     100,500        716,124  

Mitsubishi Corp.

     78,800        1,932,906  

Mitsubishi Electric Corp.

     91,500        1,212,804  

Mitsubishi Estate Co., Ltd.

     36,800        709,611  

Mitsubishi Gas Chemical Co., Inc.(a)

     25,200        336,233  

Mitsubishi Heavy Industries Ltd.(a)

     14,700        575,622  

Mitsubishi Tanabe Pharma Corp.

     37,100        406,787  

Mitsubishi UFJ Financial Group, Inc.

     593,300        3,010,555  

Mitsui Chemicals, Inc.

     15,000        335,323  

Mitsui Fudosan Co., Ltd.

     28,200        699,031  

Mizuho Financial Group, Inc.

     1,114,300        1,707,408  

MS&AD Insurance Group Holdings, Inc.(a)

     25,930        839,741  

Murata Manufacturing Co., Ltd.

     18,200        873,162  

NEC Corp.

     9,800        413,491  

NGK Insulators Ltd.(a)

     24,800        353,155  

NGK Spark Plug Co., Ltd.(a)

     15,700        298,965  

NHK Spring Co., Ltd.(a)

     43,700        333,183  

Nichias Corp.

     15,800        279,524  

Nichiha Corp.

     8,400        229,285  

Nidec Corp.(a)

     4,800        644,885  

Nifco, Inc.

     10,900        260,309  

Nihon Parkerizing Co., Ltd.

     16,700        180,946  

Nikon Corp.(a)

     24,400        304,337  

Nintendo Co., Ltd.

     4,100        1,518,223  

Nippon Express Co., Ltd.

     6,800        346,685  

Nippon Steel Corp.(a)

     55,600      774,516  

Nippon Steel Trading Corp.(a)

     6,700        261,925  

Nippon Telegraph & Telephone Corp.

     87,700        4,183,957  

Nishi-Nippon Financial Holdings, Inc.

     59,800        418,863  

Nishimatsu Construction Co., Ltd.

     17,500        325,468  

Nissan Motor Co., Ltd.(a)

     373,400        2,329,021  

Nissin Kogyo Co., Ltd.(a)

     15,100        211,393  

NOK Corp.(a)

     26,300        389,846  

Nomura Real Estate Holdings, Inc.

     16,500        356,336  

Nomura Research Institute Ltd.

     31,600        628,930  

North Pacific Bank Ltd.(a)

     251,000        531,844  

NSK Ltd.(a)

     37,100        312,385  

NTN Corp.(a)

     116,600        334,453  

NTT Data Corp.

     40,300        519,808  

NTT DOCOMO, Inc.(a)

     185,555        4,726,652  

Oji Holdings Corp.

     55,500        258,820  

Okasan Securities Group, Inc.(a)

     148,000        524,488  

Omron Corp.(a)

     9,000        492,158  

Ono Pharmaceutical Co., Ltd.

     22,100        400,182  

Oracle Corp.

     5,300        459,505  

Oriental Land Co., Ltd.

     3,900        593,255  

Otsuka Holdings Co., Ltd.

     22,500        841,083  

Panasonic Corp.(a)

     119,200        965,732  

Pola Orbis Holdings, Inc.

     12,300        275,306  

Recruit Holdings Co., Ltd.

     24,400        741,877  

Resona Holdings, Inc.(a)

     134,900        577,920  

Ricoh Co., Ltd.(a)

     31,500        283,595  

Rohm Co., Ltd.

     5,200        396,947  

Ryohin Keikaku Co., Ltd.

     15,000        280,083  

San-In Godo Bank Ltd. (The)

     79,600        483,161  

SBI Holdings, Inc.(a)

     15,500        331,441  

Secom Co., Ltd.

     8,600        784,444  

Seiko Epson Corp.(a)

     17,900        251,751  

Sekisui Chemical Co., Ltd.(a)

     26,900        416,412  

Sekisui House Ltd.

     30,700        603,632  

Senshu Ikeda Holdings, Inc.

     291,900        505,069  

Seven & I Holdings Co., Ltd.

     31,300        1,196,684  

Sharp Corp.(a)

     25,500        281,957  

Shimizu Corp.(a)

     55,700        504,044  

Shin-Etsu Chemical Co., Ltd.

     13,100        1,401,212  

Shionogi & Co., Ltd.

     11,900        660,542  

Siix Corp.(a)

     31,000        420,791  

SKY Perfect JSAT Holdings, Inc.

     141,500        572,154  

SMC Corp.

     1,300        554,522  

Softbank Corp.(a)

     155,500        2,106,426  

SoftBank Group Corp.(a)

     15,600        612,019  

Sojitz Corp.

     110,200        341,587  

Sompo Holdings, Inc.(a)

     16,400        685,439  

Sony Corp.

     12,100        710,606  

Sony Financial Holdings, Inc.

     22,100        478,910  

Stanley Electric Co., Ltd.

     15,700        414,890  

Subaru Corp.

     55,000        1,547,074  

Sumitomo Chemical Co., Ltd.(a)

     113,900        511,140  

Sumitomo Corp.

     70,000        1,093,315  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Equity Fund (DWM)

September 30, 2019

 

 

 

Investments    Shares      Value  

Sumitomo Forestry Co., Ltd.(a)

     27,400      $ 364,066  

Sumitomo Heavy Industries Ltd.

     9,900        293,130  

Sumitomo Mitsui Financial Group, Inc.(a)

     61,300        2,095,799  

Sumitomo Mitsui Trust Holdings, Inc.

     18,807        677,974  

Sundrug Co., Ltd.

     11,900        374,370  

Suntory Beverage & Food Ltd.

     10,900        465,954  

Suzuki Motor Corp.(a)

     11,900        505,069  

Sysmex Corp.

     5,100        341,274  

T&D Holdings, Inc.

     40,800        432,255  

Taisei Corp.

     10,800        418,210  

Takeda Pharmaceutical Co., Ltd.

     70,700        2,413,907  

Tatsuta Electric Wire and Cable Co., Ltd.(a)

     22,400        95,756  

Terumo Corp.

     16,600        534,518  

Toda Corp.

     68,300        392,452  

Toho Bank Ltd. (The)(a)

     127,700        300,123  

Toho Co., Ltd.

     11,200        490,696  

Tohoku Electric Power Co., Inc.(a)

     35,500        346,213  

Tokai Rika Co., Ltd.(a)

     15,700        265,262  

Tokai Tokyo Financial Holdings, Inc.(a)

     141,400        389,889  

Tokio Marine Holdings, Inc.(a)

     27,900        1,491,872  

Tokyo Century Corp.(a)

     4,300        198,737  

Tokyo Electron Ltd.

     11,900        2,264,386  

Tokyo Gas Co., Ltd.(a)

     20,500        516,792  

Tokyo Seimitsu Co., Ltd.

     14,000        411,288  

Tokyu Construction Co., Ltd.(a)

     50,700        387,492  

Toray Industries, Inc.

     59,100        438,622  

Toshiba Corp.

     11,300        345,038  

Tosoh Corp.

     23,300        307,864  

TOTO Ltd.(a)

     9,300        348,078  

Toyobo Co., Ltd.

     42,200        553,295  

Toyoda Gosei Co., Ltd.

     16,000        320,222  

Toyota Boshoku Corp.

     25,400        355,118  

Toyota Motor Corp.(a)

     130,410        8,707,273  

Toyota Tsusho Corp.

     19,500        628,799  

Trend Micro, Inc.

     9,100        432,792  

TS Tech Co., Ltd.(a)

     8,000        242,794  

UACJ Corp.(a)

     15,200        255,127  

Ube Industries Ltd.

     17,600        354,850  

Wacoal Holdings Corp.

     19,100        490,777  

West Japan Railway Co.(a)

     8,820        745,181  

Yahoo Japan Corp.

     230,810        649,237  

Yamaguchi Financial Group, Inc.(a)

     54,000        370,743  

Yamaha Corp.(a)

     6,900        309,646  

Yamaha Motor Co., Ltd.

     23,800        431,186  

Yamato Holdings Co., Ltd.(a)

     12,600        189,568  

Yamazen Corp.(a)

     10,800        93,935  

Yokohama Rubber Co., Ltd. (The)

     19,900        397,908  

Yuasa Trading Co., Ltd.

     15,500        441,730  
     

 

 

 
Total Japan

 

     158,371,960  
Netherlands – 2.2%

 

ABN AMRO Bank N.V. CVA(b)

     79,051        1,393,984  

Aegon N.V.

     129,185        537,577  

Akzo Nobel N.V.

     6,425        572,901  

ASML Holding N.V.

     7,497      1,857,366  

Euronext N.V.(b)

     4,676        382,588  

Heineken Holding N.V.

     7,899        786,660  

Heineken N.V.

     12,947        1,399,625  

ING Groep N.V.

     289,337        3,029,439  

Koninklijke Ahold Delhaize N.V.

     51,474        1,288,165  

Koninklijke DSM N.V.

     7,846        944,329  

Koninklijke KPN N.V.

     226,725        707,169  

Koninklijke Philips N.V.

     33,098        1,533,546  

Koninklijke Vopak N.V.

     6,784        348,791  

NN Group N.V.

     16,004        567,744  

Randstad N.V.(a)

     12,496        614,267  

SBM Offshore N.V.

     14,854        246,956  

Signify N.V.(b)

     11,728        322,587  

Wolters Kluwer N.V.

     11,052        807,035  
     

 

 

 
Total Netherlands

 

     17,340,729  
New Zealand – 0.5%

 

Air New Zealand Ltd.

     142,609        250,384  

Arvida Group Ltd.(a)

     105,314        97,735  

Auckland International Airport Ltd.

     72,224        414,386  

Chorus Ltd.

     77,540        245,539  

Fisher & Paykel Healthcare Corp., Ltd.

     37,434        406,083  

Infratil Ltd.

     99,077        305,661  

Mercury NZ Ltd.

     149,857        470,779  

Meridian Energy Ltd.

     216,071        704,534  

SKYCITY Entertainment Group Ltd.

     91,471        230,001  

Spark New Zealand Ltd.

     200,749        555,129  

Vector Ltd.(a)

     145,496        328,440  
     

 

 

 
Total New Zealand

 

     4,008,671  
Norway – 1.7%

 

Aker ASA Class A

     7,712        410,811  

Aker BP ASA

     37,202        996,590  

DNB ASA

     100,169        1,766,693  

Elkem ASA(b)

     123,387        300,661  

Equinor ASA

     196,555        3,743,565  

Gjensidige Forsikring ASA

     32,289        640,915  

Kvaerner ASA

     281,835        361,369  

Leroy Seafood Group ASA

     45,490        276,666  

Mowi ASA

     40,840        943,469  

Orkla ASA

     47,086        428,886  

Salmar ASA

     12,752        559,991  

SpareBank 1 SR-Bank ASA

     34,451        375,945  

Storebrand ASA

     48,294        305,307  

Telenor ASA

     91,241        1,833,165  

Yara International ASA

     7,052        304,093  
     

 

 

 
Total Norway

 

     13,248,126  
Portugal – 0.4%

 

Altri, SGPS, S.A.

     30,799        204,652  

EDP – Energias de Portugal S.A.

     207,017        803,908  

Galp Energia, SGPS, S.A.

     53,760        810,271  

Jeronimo Martins, SGPS, S.A.

     24,537        414,094  

Navigator Co. S.A. (The)

     92,777        331,959  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Equity Fund (DWM)

September 30, 2019

 

 

 

Investments    Shares      Value  

NOS, SGPS, S.A.

     56,433      $ 308,232  
     

 

 

 
Total Portugal

 

     2,873,116  
Singapore – 1.8%

 

CapitaLand Ltd.

     191,500        488,824  

China Aviation Oil Singapore Corp., Ltd.

     561,600        471,080  

ComfortDelGro Corp., Ltd.

     178,700        310,131  

DBS Group Holdings Ltd.

     140,200        2,534,529  

Genting Singapore Ltd.

     659,200        419,478  

Jardine Cycle & Carriage Ltd.

     21,255        461,096  

Keppel Corp., Ltd.

     94,700        406,082  

Olam International Ltd.

     295,200        384,236  

Oversea-Chinese Banking Corp., Ltd.

     177,590        1,394,625  

SATS Ltd.

     116,300        407,037  

Sembcorp Industries Ltd.

     135,000        203,052  

Singapore Airlines Ltd.

     75,200        497,019  

Singapore Exchange Ltd.

     53,300        326,452  

Singapore Post Ltd.

     466,400        328,831  

Singapore Technologies Engineering Ltd.

     199,400        553,689  

Singapore Telecommunications Ltd.

     976,600        2,189,211  

StarHub Ltd.

     244,200        229,561  

United Overseas Bank Ltd.

     70,801        1,313,727  

Venture Corp., Ltd.

     19,000        210,348  

Wilmar International Ltd.

     255,800        689,952  

Yanlord Land Group Ltd.

     512,600        433,684  
     

 

 

 
Total Singapore

 

     14,252,644  
Spain – 4.1%

 

Acciona S.A.(a)

     3,724        394,217  

ACS Actividades de Construccion y Servicios S.A.

     19,458        777,673  

Aena SME S.A.(b)

     7,356        1,347,278  

Amadeus IT Group S.A.

     13,375        958,291  

Applus Services S.A.

     31,614        410,140  

Banco Bilbao Vizcaya Argentaria S.A.

     384,769        2,005,301  

Banco Santander S.A.

     989,435        4,030,495  

Bolsas y Mercados Espanoles SHMSF S.A.

     15,356        388,059  

CaixaBank S.A.

     444,790        1,168,633  

Cellnex Telecom S.A.*(b)

     8,133        336,044  

Cia de Distribucion Integral Logista Holdings S.A.

     15,402        300,228  

Cie Automotive S.A.

     8,690        217,898  

Enagas S.A.

     22,452        520,385  

Endesa S.A.

     73,332        1,929,909  

Euskaltel S.A.(b)

     37,052        329,212  

Ferrovial S.A.

     36,276        1,048,420  

Gestamp Automocion S.A.(b)

     50,460        235,449  

Grifols S.A.

     11,778        347,204  

Iberdrola S.A.

     326,656        3,395,964  

Industria de Diseno Textil S.A.

     129,450        4,007,989  

Mapfre S.A.

     157,269        423,664  

Mediaset Espana Comunicacion S.A.

     42,916        276,698  

Naturgy Energy Group S.A.

     63,864        1,694,661  

Prosegur Cash S.A.(b)

     164,777        236,765  

Prosegur Cia de Seguridad S.A.

     68,098        265,484  

Red Electrica Corp. S.A.

     31,617        642,327  

Repsol S.A.

     113,063        1,767,567  

Telefonica S.A.

     290,045      2,213,765  

Unicaja Banco S.A.(b)

     395,165        314,490  

Zardoya Otis S.A.

     54,844        372,497  
     

 

 

 
Total Spain

 

     32,356,707  
Sweden – 2.7%

 

Assa Abloy AB Class B

     29,294        652,789  

Atlas Copco AB Class A

     19,225        592,853  

Atlas Copco AB Class B

     23,638        641,428  

Axfood AB

     24,267        516,085  

Bilia AB Class A

     24,654        195,960  

Boliden AB

     21,109        485,744  

Bonava AB Class B

     18,198        206,372  

Castellum AB

     20,124        431,456  

Electrolux AB Series B

     18,753        445,167  

Essity AB Class B

     21,941        641,126  

Fabege AB

     27,146        447,825  

Hemfosa Fastigheter AB

     37,249        377,712  

Hennes & Mauritz AB Class B

     119,167        2,313,007  

Hexpol AB

     29,217        224,503  

Husqvarna AB Class B

     29,824        227,135  

ICA Gruppen AB

     11,791        545,409  

Investment AB Latour Class B

     33,557        442,323  

JM AB

     10,921        279,463  

Kinnevik AB Class B

     13,121        345,502  

NCC AB Class B

     17,802        296,937  

Peab AB

     26,747        237,896  

Resurs Holding AB(b)

     53,515        317,591  

Sandvik AB

     55,689        868,570  

Securitas AB Class B

     23,259        356,733  

Skandinaviska Enskilda Banken AB Class A

     181,853        1,673,496  

SSAB AB Class A

     128,288        357,379  

Svenska Cellulosa AB SCA Class B(a)

     42,282        377,488  

Svenska Handelsbanken AB Class A

     130,630        1,224,704  

Swedbank AB Class A

     125,256        1,805,177  

Swedish Match AB

     8,014        331,820  

Tele2 AB Class B(a)

     36,103        537,938  

Telefonaktiebolaget LM Ericsson Class B

     68,772        550,196  

Telia Co. AB

     276,880        1,241,041  

Thule Group AB(b)

     8,966        169,979  

Volvo AB Class A

     15,895        223,419  

Volvo AB Class B

     83,527        1,174,474  
     

 

 

 
Total Sweden

 

     21,756,697  
Switzerland – 7.3%

 

ABB Ltd. Registered Shares

     106,279        2,090,088  

Adecco Group AG Registered Shares

     10,244        567,290  

Baloise Holding AG Registered Shares

     4,439        795,962  

Cembra Money Bank AG

     3,959        412,913  

Cie Financiere Richemont S.A. Registered Shares

     15,966        1,172,372  

Clariant AG Registered Shares*

     26,498        516,328  

Coca-Cola HBC AG*

     12,112        396,573  

Credit Suisse Group AG Registered Shares*

     55,195        677,241  

Dufry AG Registered Shares*

     6,749        565,017  

EFG International AG*

     45,032        279,545  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Equity Fund (DWM)

September 30, 2019

 

 

 

Investments    Shares      Value  

EMS-Chemie Holding AG Registered Shares

     968      $ 603,331  

Flughafen Zurich AG Registered Shares

     2,374        439,969  

Geberit AG Registered Shares

     1,246        595,541  

Givaudan S.A. Registered Shares

     356        993,937  

Helvetia Holding AG Registered Shares

     3,025        417,733  

Julius Baer Group Ltd.*

     12,260        543,687  

Kuehne + Nagel International AG Registered Shares

     6,867        1,012,334  

LafargeHolcim Ltd. Registered Shares*

     31,360        1,544,806  

Logitech International S.A. Registered Shares

     13,974        567,284  

Lonza Group AG Registered Shares*

     1,495        505,855  

Nestle S.A. Registered Shares

     93,578        10,161,586  

Novartis AG Registered Shares

     102,642        8,908,027  

OC Oerlikon Corp. AG Registered Shares

     28,644        287,546  

Partners Group Holding AG

     844        648,182  

Roche Holding AG Bearer Shares

     5,662        1,639,859  

Roche Holding AG Genusschein

     27,852        8,112,735  

Schindler Holding AG Participation Certificate

     2,177        487,295  

SGS S.A. Registered Shares

     344        853,488  

STMicroelectronics N.V.

     31,389        607,239  

Sunrise Communications Group AG*(b)

     6,444        501,807  

Swiss Life Holding AG Registered Shares

     1,852        886,115  

Swiss Re AG

     18,847        1,967,580  

Swisscom AG Registered Shares

     2,651        1,308,817  

UBS Group AG Registered Shares*

     220,671        2,507,348  

Vifor Pharma AG

     1,659        265,284  

Vontobel Holding AG Registered Shares

     8,547        463,286  

Zurich Insurance Group AG

     8,068        3,090,785  
     

 

 

 
Total Switzerland

 

     57,394,785  
United Kingdom – 18.2%

 

Admiral Group PLC

     20,868        544,657  

Aggreko PLC

     34,342        351,592  

Anglo American PLC

     70,450        1,624,492  

Antofagasta PLC

     63,856        707,421  

Ashmore Group PLC

     49,514        308,741  

Associated British Foods PLC

     21,276        603,810  

AstraZeneca PLC

     55,153        4,934,940  

Aviva PLC

     282,822        1,391,646  

BAE Systems PLC

     192,165        1,349,788  

Balfour Beatty PLC

     123,442        337,701  

Barclays PLC

     790,129        1,464,408  

Barratt Developments PLC

     96,677        771,995  

BBA Aviation PLC

     128,422        494,070  

BCA Marketplace PLC

     147,358        428,187  

Berkeley Group Holdings PLC

     4,763        245,284  

Bodycote PLC

     52,079        459,828  

Bovis Homes Group PLC

     23,151        317,813  

BP PLC

     1,529,654        9,722,789  

Brewin Dolphin Holdings PLC

     115,949        452,656  

British American Tobacco PLC

     210,571        7,804,058  

BT Group PLC

     886,815        1,951,561  

Bunzl PLC

     11,436        299,467  

Burberry Group PLC

     17,925        480,214  

Carnival PLC

     10,534      437,461  

Centrica PLC

     818,589        743,850  

Chemring Group PLC

     99,116        240,373  

Cineworld Group PLC(a)

     111,451        313,138  

Close Brothers Group PLC

     20,859        362,177  

CNH Industrial N.V.

     41,843        426,065  

Coca-Cola European Partners PLC

     17,915        999,984  

Compass Group PLC

     44,899        1,158,036  

Countryside Properties PLC(b)

     113,716        470,844  

Crest Nicholson Holdings PLC

     107,628        502,667  

Croda International PLC

     4,191        250,998  

CYBG PLC

     39,054        55,297  

Daily Mail & General Trust PLC Class A Non-Voting Shares

     35,961        377,561  

Derwent London PLC

     8,955        371,888  

Diageo PLC

     69,459        2,852,858  

Direct Line Insurance Group PLC

     70,425        260,528  

Diversified Gas & Oil PLC

     187,616        254,319  

Domino’s Pizza Group PLC

     108,844        341,893  

Drax Group PLC

     85,754        291,873  

Electrocomponents PLC

     35,985        285,489  

Empiric Student Property PLC

     338,191        388,830  

Essentra PLC

     60,355        316,542  

Evraz PLC

     197,058        1,135,494  

Fiat Chrysler Automobiles N.V.

     109,318        1,414,887  

Fresnillo PLC(a)

     39,309        331,139  

G4S PLC

     125,395        292,360  

GlaxoSmithKline PLC

     333,155        7,162,399  

Greene King PLC

     38,764        404,602  

Halfords Group PLC

     48,265        101,230  

Halma PLC

     17,652        428,743  

Hargreaves Lansdown PLC

     15,612        399,972  

Hays PLC

     226,949        421,741  

Howden Joinery Group PLC

     46,903        323,903  

HSBC Holdings PLC

     1,336,651        10,288,127  

Ibstock PLC(b)

     153,246        446,052  

Imperial Brands PLC

     123,186        2,775,245  

Inchcape PLC

     52,357        407,441  

Informa PLC

     46,976        493,210  

InterContinental Hotels Group PLC

     7,170        448,406  

Intertek Group PLC

     5,874        396,527  

Land Securities Group PLC

     44,745        472,213  

Legal & General Group PLC

     369,177        1,130,063  

Lloyds Banking Group PLC

     4,300,075        2,867,808  

London Stock Exchange Group PLC

     8,210        739,364  

Marks & Spencer Group PLC

     211,108        479,844  

Marston’s PLC

     228,737        348,113  

Mediclinic International PLC

     65,933        269,097  

Meggitt PLC

     42,552        332,974  

Merlin Entertainments PLC(b)

     60,372        336,569  

Micro Focus International PLC

     26,471        370,826  

Mondi PLC

     21,414        411,132  

Moneysupermarket.com Group PLC

     78,316        365,189  

National Grid PLC

     252,383        2,742,810  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree International Equity Fund (DWM)

September 30, 2019

 

 

 

Investments    Shares      Value  

Next PLC

     6,719      $ 512,190  

Pagegroup PLC

     74,500        403,213  

Paragon Banking Group PLC

     73,304        435,764  

Pearson PLC(a)

     27,318        248,440  

Pennon Group PLC

     38,072        387,996  

Persimmon PLC

     44,356        1,186,119  

Phoenix Group Holdings PLC

     57,947        493,644  

Prudential PLC

     94,277        1,713,618  

QinetiQ Group PLC

     103,547        368,512  

Quilter PLC(b)

     161,974        272,155  

Reckitt Benckiser Group PLC

     23,870        1,866,087  

Redrow PLC

     56,473        430,076  

RELX PLC

     56,309        1,340,953  

Rentokil Initial PLC

     54,880        316,367  

Rio Tinto PLC

     83,017        4,305,883  

Rolls-Royce Holdings PLC*

     39,419        384,916  

Rotork PLC

     91,300        350,465  

Royal Bank of Scotland Group PLC

     357,069        913,473  

Royal Dutch Shell PLC Class A

     313,851        9,220,321  

Royal Dutch Shell PLC Class B

     287,212        8,480,192  

RSA Insurance Group PLC

     51,160        336,783  

Sage Group PLC (The)

     59,073        503,309  

Segro PLC

     78,426        783,592  

Senior PLC

     161,651        373,704  

Severn Trent PLC

     15,489        413,235  

Smith & Nephew PLC

     26,517        640,140  

Smiths Group PLC

     17,429        337,201  

Spectris PLC

     8,210        247,264  

Spirax-Sarco Engineering PLC

     3,587        346,769  

SSE PLC

     97,310        1,493,542  

Standard Chartered PLC

     99,764        841,150  

Standard Life Aberdeen PLC

     224,810        791,761  

Synthomer PLC

     62,295        249,029  

Tate & Lyle PLC

     33,859        307,092  

Taylor Wimpey PLC

     146,512        291,583  

TechnipFMC PLC

     23,290        558,851  

Tesco PLC

     329,522        978,628  

TI Fluid Systems PLC(b)

     121,836        289,767  

Unilever N.V.

     60,840      3,657,976  

Unilever PLC

     42,885        2,584,226  

United Utilities Group PLC

     42,145        428,881  

Vesuvius PLC

     76,237        427,834  

Vodafone Group PLC

     2,188,904        4,369,764  

WH Smith PLC

     21,805        533,913  

Whitbread PLC

     7,708        407,868  

WM Morrison Supermarkets PLC(a)

     90,035        222,233  
     

 

 

 
Total United Kingdom

 

     143,333,748  

TOTAL COMMON STOCKS

(Cost: $744,817,821)

 

 

     782,410,335  
RIGHTS – 0.0%

 

Australia – 0.0%

 

Harvey Norman Holdings Ltd., expiring 10/11/19*(a)

     
(Cost: $0)      8,729        10,568  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.2%

 

United States – 4.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $32,705,449)(d)      32,705,449        32,705,449  

TOTAL INVESTMENTS IN SECURITIES – 103.4%

(Cost: $777,523,270)

 

 

     815,126,352  

Other Assets less Liabilities – (3.4)%

 

     (26,646,865
     

 

 

 
NET ASSETS – 100.0%

 

   $ 788,479,487  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $61,448,988 and the total market value of the collateral held by the Fund was $64,823,044. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $32,117,595.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

UBS AG

    10/1/2019       23,699       USD       23,552       CHF     $ 79     $  

UBS AG

    10/1/2019       4,551       USD       4,171       EUR       4        

UBS AG

    10/1/2019       2,169       USD       3,447       NZD       8        

UBS AG

    10/2/2019       3,412       USD       26,747       HKD             (0 )* 
                                            $ 91     $ (0
*

Amount represents less than $1.

 

CURRENCY LEGEND
CHF   Swiss franc
EUR   Euro
HKD   Hong Kong dollar
NZD   New Zealand dollar
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree International High Dividend Fund (DTH)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%      
Australia – 8.9%      

AGL Energy Ltd.

     29,209      $ 377,452  

Alumina Ltd.

     235,987        377,212  

APA Group

     35,204        272,099  

Aurizon Holdings Ltd.

     49,961        198,808  

AusNet Services

     170,183        208,326  

Australia & New Zealand Banking Group Ltd.

     63,790        1,227,020  

Bank of Queensland Ltd.(a)

     12,792        85,585  

Bendigo & Adelaide Bank Ltd.(a)

     8,806        68,241  

BHP Group Ltd.

     90,293        2,236,178  

BHP Group PLC

     70,389        1,502,690  

Boral Ltd.

     46,808        152,481  

Caltex Australia Ltd.

     10,472        185,894  

Challenger Ltd.

     16,700        83,011  

Coca-Cola Amatil Ltd.

     15,663        112,506  

Commonwealth Bank of Australia

     38,538        2,100,929  

Crown Resorts Ltd.

     28,675        233,045  

CSR Ltd.(a)

     26,813        77,219  

Downer EDI Ltd.

     25,093        132,007  

Fortescue Metals Group Ltd.(a)

     81,144        481,602  

Harvey Norman Holdings Ltd.(a)

     71,676        218,989  

Insurance Australia Group Ltd.

     41,533        221,294  

IOOF Holdings Ltd.(a)

     22,102        95,254  

IVE Group Ltd.

     74,773        105,904  

JB Hi-Fi Ltd.(a)

     5,657        129,722  

Jupiter Mines Ltd.

     326,140        85,786  

Macquarie Group Ltd.

     7,430        656,863  

Magellan Financial Group Ltd.(a)

     3,424        118,791  

Medibank Pvt Ltd.

     55,237        126,666  

Metcash Ltd.(a)

     40,199        81,066  

National Australia Bank Ltd.

     70,001        1,402,201  

Nine Entertainment Co. Holdings Ltd.(a)

     42,516        56,059  

Orora Ltd.

     47,512        92,608  

Pendal Group Ltd.

     14,969        74,608  

Premier Investments Ltd.

     8,590        112,163  

Qantas Airways Ltd.

     51,389        218,007  

QBE Insurance Group Ltd.

     24,373        206,466  

Rio Tinto Ltd.

     11,708        731,765  

Sims Metal Management Ltd.

     10,671        74,849  

South32 Ltd.

     186,149        328,936  

Southern Cross Media Group Ltd.

     119,964        99,923  

Spark Infrastructure Group

     90,290        131,536  

Star Entertainment Group Ltd. (The)(a)

     51,265        150,750  

Suncorp Group Ltd.

     23,059        212,290  

Super Retail Group Ltd.

     11,348        75,924  

Sydney Airport

     83,184        450,511  

Tabcorp Holdings Ltd.

     71,887        235,148  

Wesfarmers Ltd.

     50,882        1,365,831  

Westpac Banking Corp.

     90,810        1,815,355  

Whitehaven Coal Ltd.(a)

     48,326        101,366  

Woodside Petroleum Ltd.

     39,776        868,656  
     

 

 

 
Total Australia               20,757,592  
Austria – 0.7%      

Agrana Beteiligungs AG

     5,011      92,543  

Andritz AG

     3,493        142,803  

BAWAG Group AG*(b)

     3,086        121,521  

Erste Group Bank AG*

     8,052        266,333  

Lenzing AG

     978        94,200  

Oesterreichische Post AG

     3,490        122,514  

OMV AG

     9,954        534,345  

Voestalpine AG

     7,872        180,910  
     

 

 

 
Total Austria               1,555,169  
Belgium – 0.8%      

Ageas

     4,360        241,846  

bpost S.A.

     18,185        190,759  

KBC Group N.V.

     10,203        663,172  

Proximus SADP

     13,781        409,405  

Solvay S.A.

     2,829        292,997  
     

 

 

 
Total Belgium               1,798,179  
China – 4.3%      

China Jinmao Holdings Group Ltd.

     244,000        139,751  

China Mobile Ltd.

     680,000        5,625,175  

China Power International Development Ltd.

     285,000        59,258  

China Resources Power Holdings Co., Ltd.

     266,000        322,685  

CITIC Telecom International Holdings Ltd.

     300,000        109,064  

CNOOC Ltd.

     1,778,000        2,712,565  

Dah Chong Hong Holdings Ltd.

     369,000        116,733  

Lenovo Group Ltd.

     404,000        269,526  

Shenzhen Investment Ltd.

     356,000        131,240  

Shougang Fushan Resources Group Ltd.

     580,000        119,856  

Sino-Ocean Group Holding Ltd.

     282,000        95,686  

Sinotruk Hong Kong Ltd.

     95,500        141,556  

Yuexiu Property Co., Ltd.

     550,000        119,269  
     

 

 

 
Total China               9,962,364  
Denmark – 0.5%      

Danske Bank A/S

     29,180        406,391  

H. Lundbeck A/S

     6,980        231,561  

ISS A/S

     5,949        147,236  

Pandora A/S

     6,714        269,499  

Sydbank A/S

     4,843        85,425  

Topdanmark A/S

     2,459        118,703  
     

 

 

 
Total Denmark               1,258,815  
Finland – 2.5%      

Elisa Oyj

     5,439        280,470  

Fortum Oyj

     36,093        853,471  

Kemira Oyj

     5,358        78,858  

Kesko Oyj Class B

     2,348        148,365  

Lassila & Tikanoja Oyj

     7,109        105,093  

Metsa Board Oyj(a)

     20,311        120,790  

Metso Oyj

     4,323        161,512  

Nokia Oyj

     183,124        928,334  

Nokian Renkaat Oyj

     6,262        176,679  

Nordea Bank Abp

     178,927        1,270,413  

Orion Oyj Class B

     4,020        149,973  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International High Dividend Fund (DTH)

September 30, 2019

 

 

 

Investments    Shares      Value  

Sampo Oyj Class A

     14,863      $ 591,109  

Stora Enso Oyj Class R

     24,327        293,193  

Tieto Oyj

     3,314        84,904  

UPM-Kymmene Oyj

     21,400        632,717  

YIT Oyj(a)

     13,123        75,539  
     

 

 

 
Total Finland               5,951,420  
France – 10.3%      

ALD S.A.(b)

     14,223        203,127  

Amundi S.A.(b)

     3,523        245,810  

AXA S.A.

     55,680        1,422,256  

BNP Paribas S.A.

     37,201        1,811,660  

Bouygues S.A.

     14,543        582,663  

Cie de Saint-Gobain

     15,669        614,964  

Cie Generale des Etablissements Michelin SCA

     4,235        472,780  

CNP Assurances

     13,218        255,494  

Coface S.A.

     9,331        105,999  

Covivio

     2,166        229,289  

Credit Agricole S.A.

     77,771        944,515  

Engie S.A.

     97,612        1,594,121  

Eutelsat Communications S.A.

     10,680        198,810  

Gaztransport Et Technigaz S.A.

     1,257        124,499  

ICADE

     2,155        192,767  

Imerys S.A.

     3,067        123,314  

Klepierre S.A.

     9,912        336,717  

Lagardere SCA

     6,556        145,091  

Metropole Television S.A.

     7,336        120,365  

Natixis S.A.

     75,778        314,343  

Orange S.A.

     94,273        1,479,466  

Peugeot S.A.

     23,993        598,476  

Publicis Groupe S.A.

     6,854        337,147  

Renault S.A.

     13,518        776,067  

Rexel S.A.

     8,171        87,459  

Sanofi

     35,337        3,276,885  

SCOR SE

     4,248        175,475  

Societe BIC S.A.(a)

     1,482        99,526  

Societe Generale S.A.

     32,767        898,066  

SPIE S.A.

     5,122        102,578  

Suez

     18,286        287,568  

Television Francaise 1

     8,260        72,536  

TOTAL S.A.

     100,703        5,257,122  

Valeo S.A.

     9,059        293,815  

Veolia Environnement S.A.

     16,546        419,574  
     

 

 

 
Total France               24,200,344  
Germany – 9.9%      

Allianz SE Registered Shares

     7,439        1,734,323  

Aurubis AG

     2,010        89,602  

Axel Springer SE*

     2,726        187,229  

BASF SE

     33,607        2,349,251  

Bayer AG Registered Shares

     35,082        2,474,159  

Bayerische Motoren Werke AG

     23,764        1,673,366  

Continental AG

     5,455        699,967  

Covestro AG(b)

     7,695        380,865  

Daimler AG Registered Shares

     51,607        2,566,670  

Deutsche Lufthansa AG Registered Shares

     15,467      245,850  

Deutsche Pfandbriefbank AG(b)

     8,981        109,562  

Deutsche Post AG Registered Shares

     36,271        1,211,784  

Deutsche Telekom AG Registered Shares

     149,355        2,506,556  

DWS Group GmbH & Co. KGaA(b)

     4,045        119,595  

E.ON SE

     66,164        643,345  

Evonik Industries AG

     16,010        395,335  

Freenet AG

     5,449        112,216  

Hannover Rueck SE

     2,377        401,927  

Hochtief AG

     2,512        286,456  

Hugo Boss AG

     2,839        152,123  

METRO AG

     13,179        208,045  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     2,707        700,608  

OSRAM Licht AG

     3,498        153,875  

ProSiebenSat.1 Media SE

     7,773        107,113  

Siemens AG Registered Shares

     21,774        2,332,260  

Siltronic AG

     2,157        163,904  

Talanx AG

     4,649        200,909  

Telefonica Deutschland Holding AG

     229,151        639,040  

TUI AG

     37,316        433,872  
     

 

 

 
Total Germany               23,279,807  
Hong Kong – 1.6%      

BOC Hong Kong Holdings Ltd.

     203,547        690,659  

Hang Lung Properties Ltd.

     64,000        145,317  

Hang Seng Bank Ltd.

     30,618        660,056  

Henderson Land Development Co., Ltd.

     83,220        387,470  

New World Development Co., Ltd.

     207,489        269,439  

PCCW Ltd.

     447,380        251,100  

Power Assets Holdings Ltd.

     70,518        473,604  

Sino Land Co., Ltd.

     132,000        198,352  

Sun Hung Kai Properties Ltd.

     43,500        625,915  

Television Broadcasts Ltd.

     63,600        103,682  
     

 

 

 
Total Hong Kong               3,805,594  
Ireland – 0.2%      

AIB Group PLC

     62,936        186,901  

Smurfit Kappa Group PLC

     6,634        197,444  
     

 

 

 
Total Ireland               384,345  
Israel – 0.3%      

Bank Leumi Le-Israel BM

     26,641        189,625  

Delek Group Ltd.

     737        86,043  

First International Bank of Israel Ltd.

     4,495        119,714  

Israel Chemicals Ltd.

     20,447        101,535  

Mediterranean Towers Ltd.

     50,611        133,961  

Naphtha Israel Petroleum Corp., Ltd.

     12,642        70,379  

Paz Oil Co., Ltd.

     698        102,015  
     

 

 

 
Total Israel               803,272  
Italy – 4.7%      

A2A SpA

     108,523        199,237  

ACEA SpA

     6,754        134,894  

Assicurazioni Generali SpA

     33,357        646,584  

Atlantia SpA

     22,493        544,140  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International High Dividend Fund (DTH)

September 30, 2019

 

 

 

Investments    Shares      Value  

Azimut Holding SpA

     6,352      $ 119,248  

Banca Generali SpA

     3,106        95,828  

Banca Mediolanum SpA

     16,811        126,276  

Enav SpA(b)

     28,327        159,969  

Enel SpA

     313,635        2,342,527  

Eni SpA

     148,054        2,265,206  

ERG SpA

     5,574        112,420  

Intesa Sanpaolo SpA

     755,106        1,790,908  

Italgas SpA

     23,838        153,902  

MARR SpA

     3,646        79,895  

Mediobanca Banca di Credito Finanziario SpA

     21,605        236,009  

Poste Italiane SpA(b)

     29,171        331,697  

Snam SpA

     125,293        632,979  

Societa Iniziative Autostradali e Servizi SpA

     7,670        133,873  

Telecom Italia SpA RSP

     288,364        157,690  

Terna Rete Elettrica Nazionale SpA

     62,636        402,476  

Unione di Banche Italiane SpA

     33,292        93,496  

Unipol Gruppo SpA

     20,945        111,568  

UnipolSai Assicurazioni SpA

     93,853        249,657  
     

 

 

 
Total Italy               11,120,479  
Japan – 13.5%      

AEON Financial Service Co., Ltd.(a)

     5,600        84,253  

Aisin Seiki Co., Ltd.(a)

     9,100        285,862  

Amada Holdings Co., Ltd.(a)

     10,900        117,396  

AOKI Holdings, Inc.(a)

     11,400        109,596  

Aoyama Trading Co., Ltd.

     5,900        102,742  

Aozora Bank Ltd.(a)

     5,500        137,506  

Bridgestone Corp.

     19,100        739,435  

Canon Electronics, Inc.

     6,500        110,243  

Canon, Inc.

     48,700        1,298,892  

Chugoku Electric Power Co., Inc. (The)(a)

     7,300        93,821  

Citizen Watch Co., Ltd.(a)

     17,600        85,985  

Daito Trust Construction Co., Ltd.

     1,300        166,116  

Daiwa Securities Group, Inc.(a)

     41,200        183,518  

DIC Corp.

     4,400        122,056  

Exedy Corp.(a)

     4,900        95,620  

FANUC Corp.

     7,300        1,373,879  

Fukuoka Financial Group, Inc.

     4,500        84,983  

Hanwa Co., Ltd.

     3,400        92,932  

Haseko Corp.(a)

     18,000        209,521  

Heiwa Corp.(a)

     3,800        78,233  

Hitachi Construction Machinery Co., Ltd.(a)

     6,100        147,032  

Honda Motor Co., Ltd.

     51,200        1,325,776  

ITOCHU Corp.

     47,800        986,739  

Itochu Enex Co., Ltd.(a)

     16,400        124,584  

Japan Exchange Group, Inc.(a)

     9,500        149,345  

Japan Post Holdings Co., Ltd.

     69,900        643,539  

Japan Tobacco, Inc.

     83,600        1,830,188  

JFE Holdings, Inc.

     28,500        342,817  

JSR Corp.(a)

     6,700        107,188  

JXTG Holdings, Inc.(a)

     103,300        470,645  

Kansai Electric Power Co., Inc. (The)(a)

     27,300        305,270  

Komatsu Ltd.(a)

     30,800        705,343  

Lawson, Inc.

     4,300      220,023  

LIXIL Group Corp.(a)

     11,100        195,142  

Marubeni Corp.(a)

     61,900        411,063  

Matsui Securities Co., Ltd.(a)

     11,100        93,257  

Mebuki Financial Group, Inc.(a)

     41,800        102,880  

Miraca Holdings, Inc.(a)

     2,900        66,063  

Mitsubishi Chemical Holdings Corp.

     59,800        426,111  

Mitsubishi Corp.(a)

     48,776        1,196,439  

Mitsubishi Gas Chemical Co., Inc.(a)

     10,400        138,763  

Mitsubishi Motors Corp.(a)

     44,700        193,979  

Mitsubishi Tanabe Pharma Corp.(a)

     20,800        228,064  

Mitsubishi UFJ Financial Group, Inc.

     241,700        1,226,447  

Mitsui Chemicals, Inc.(a)

     6,000        134,129  

Mixi, Inc.

     4,500        94,643  

Mizuho Financial Group, Inc.(a)

     517,900        793,562  

MS&AD Insurance Group Holdings, Inc.(a)

     8,100        262,318  

Nikon Corp.(a)

     12,300        153,416  

Nippon Steel Corp.(a)

     29,100        405,367  

Nippon Steel Trading Corp.(a)

     3,100        121,189  

Nishimatsu Construction Co., Ltd.

     4,900        91,131  

Nissan Motor Co., Ltd.(a)

     224,205        1,398,442  

Nitto Denko Corp.

     4,900        235,944  

NSK Ltd.(a)

     17,100        143,983  

NTN Corp.(a)

     34,300        98,385  

NTT DOCOMO, Inc.(a)

     110,457        2,813,677  

Resona Holdings, Inc.(a)

     52,400        224,485  

Sankyo Co., Ltd.

     3,000        103,123  

SBI Holdings, Inc.(a)

     4,100        87,671  

Seiko Epson Corp.(a)

     11,500        161,740  

Sekisui House Ltd.

     19,500        383,414  

Seven Bank Ltd.(a)

     30,900        84,630  

Shimizu Corp.(a)

     23,900        216,278  

Showa Denko K.K.

     4,500        117,627  

SKY Perfect JSAT Holdings, Inc.

     28,700        116,048  

Sojitz Corp.

     48,500        150,335  

Subaru Corp.

     30,800        866,361  

SUMCO Corp.(a)

     11,800        158,316  

Sumitomo Chemical Co., Ltd.(a)

     56,100        251,756  

Sumitomo Corp.

     41,700        651,303  

Sumitomo Mitsui Financial Group, Inc.(a)

     25,400        868,406  

Sumitomo Rubber Industries Ltd.

     11,200        132,856  

T-Gaia Corp.(a)

     5,500        110,891  

Takeda Pharmaceutical Co., Ltd.

     40,600        1,386,204  

Teijin Ltd.(a)

     6,500        124,858  

Tokyo Electron Ltd.

     5,900        1,122,679  

Tosoh Corp.

     9,900        130,809  

Toyota Boshoku Corp.

     7,700        107,654  

Yamaha Motor Co., Ltd.

     12,400        224,651  
     

 

 

 
Total Japan               31,737,567  
Netherlands – 1.5%      

ABN AMRO Bank N.V. CVA(b)

     30,280        533,957  

Aegon N.V.

     64,152        266,955  

ASR Nederland N.V.

     3,732        137,804  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International High Dividend Fund (DTH)

September 30, 2019

 

 

 

Investments    Shares      Value  

BE Semiconductor Industries N.V.

     4,808      $ 150,593  

ING Groep N.V.

     108,949        1,140,727  

Koninklijke KPN N.V.

     122,027        380,610  

Koninklijke Volkerwessels N.V.

     5,121        90,667  

NN Group N.V.

     7,869        279,154  

PostNL N.V.(a)

     45,856        101,884  

Randstad N.V.(a)

     6,449        317,014  

Signify N.V.(b)

     4,016        110,463  
     

 

 

 
Total Netherlands               3,509,828  
New Zealand – 0.7%      

Air New Zealand Ltd.

     87,579        153,766  

Chorus Ltd.

     24,424        77,341  

Contact Energy Ltd.

     33,633        180,105  

Genesis Energy Ltd.

     62,816        134,709  

Infratil Ltd.

     21,015        64,833  

Mercury NZ Ltd.

     50,923        159,976  

Meridian Energy Ltd.

     114,474        373,261  

Spark New Zealand Ltd.

     110,161        304,627  

Vector Ltd.

     52,202        117,840  

Z Energy Ltd.

     31,368        110,148  
     

 

 

 
Total New Zealand               1,676,606  
Norway – 2.5%      

AF Gruppen ASA

     5,497        109,505  

Aker ASA Class A

     1,777        94,659  

Aker BP ASA

     16,442        440,458  

Atea ASA*

     4,995        64,321  

DNB ASA

     35,980        634,584  

Elkem ASA(a)(b)

     54,303        132,322  

Equinor ASA

     114,383        2,178,526  

Evry A/S(b)

     16,966        62,647  

Gjensidige Forsikring ASA

     10,059        199,664  

Mowi ASA

     21,093        487,282  

Norsk Hydro ASA

     62,152        218,895  

Ocean Yield ASA(a)

     9,126        51,426  

Salmar ASA

     5,470        240,209  

SpareBank 1 SR-Bank ASA

     7,046        76,889  

Telenor ASA

     46,079        925,794  
     

 

 

 
Total Norway               5,917,181  
Portugal – 0.6%      

EDP – Energias de Portugal S.A.

     121,611        472,251  

Galp Energia, SGPS, S.A.

     27,311        411,632  

Navigator Co. S.A. (The)

     50,171        179,514  

NOS, SGPS, S.A.

     26,939        147,138  

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

     22,436        62,617  

Sonae, SGPS, S.A.

     102,718        95,745  
     

 

 

 
Total Portugal               1,368,897  
Singapore – 2.4%      

CapitaLand Ltd.

     78,100        199,359  

ComfortDelGro Corp., Ltd.

     74,300        128,946  

DBS Group Holdings Ltd.

     60,945        1,101,761  

Frasers Property Ltd.

     97,700        123,635  

Genting Singapore Ltd.

     355,400        226,157  

Hutchison Port Holdings Trust

     742,223      115,787  

Keppel Corp., Ltd.

     55,300        237,131  

Keppel Infrastructure Trust

     227,921        87,351  

NetLink NBN Trust

     238,600        153,557  

Olam International Ltd.

     104,800        136,409  

Oversea-Chinese Banking Corp., Ltd.

     67,679        531,487  

Singapore Airlines Ltd.

     35,400        233,969  

Singapore Exchange Ltd.

     25,800        158,020  

Singapore Technologies Engineering Ltd.

     86,200        239,358  

Singapore Telecommunications Ltd.

     569,500        1,276,629  

StarHub Ltd.

     70,200        65,992  

United Overseas Bank Ltd.

     27,100        502,846  

Venture Corp., Ltd.

     9,400        104,067  
     

 

 

 
Total Singapore               5,622,461  
Spain – 5.1%      

ACS Actividades de Construccion y Servicios S.A.

     8,239        329,286  

Aena SME S.A.(b)

     4,281        784,080  

Atresmedia Corp. de Medios de Comunicacion S.A.(a)

     23,415        90,213  

Banco Bilbao Vizcaya Argentaria S.A.

     142,926        744,888  

Banco Santander S.A.

     372,502        1,517,399  

Bankia S.A.

     78,497        148,263  

Bankinter S.A.

     6,774        42,789  

Bolsas y Mercados Espanoles SHMSF S.A.

     4,958        125,293  

CaixaBank S.A.

     163,896        430,617  

Cia de Distribucion Integral Logista Holdings S.A.

     6,216        121,167  

Enagas S.A.

     10,674        247,398  

Ence Energia y Celulosa S.A.(a)

     17,707        67,372  

Endesa S.A.

     43,621        1,147,992  

Euskaltel S.A.(b)

     8,345        74,146  

Iberdrola S.A.

     177,053        1,840,669  

Mapfre S.A.

     50,721        136,636  

Naturgy Energy Group S.A.

     35,011        929,033  

Prosegur Cash S.A.(b)

     60,427        86,827  

Red Electrica Corp. S.A.

     18,129        368,306  

Repsol S.A.

     70,890        1,108,256  

Sacyr S.A.(a)

     29,273        74,997  

Telefonica S.A.

     196,782        1,501,936  

Zardoya Otis S.A.

     12,344        83,840  
     

 

 

 
Total Spain               12,001,403  
Sweden – 2.3%      

Axfood AB

     7,245        154,079  

Bilia AB Class A

     7,932        63,047  

Boliden AB

     8,041        185,033  

Bonava AB Class B

     6,243        70,798  

Electrolux AB Series B

     8,707        206,691  

Hemfosa Fastigheter AB

     7,940        80,513  

Hennes & Mauritz AB Class B(a)

     64,605        1,253,970  

Holmen AB Class B

     4,122        97,682  

Intrum AB(a)

     3,981        100,171  

JM AB(a)

     3,354        85,827  

Skandinaviska Enskilda Banken AB Class A

     62,248        572,835  

Skanska AB Class B

     10,745        217,913  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International High Dividend Fund (DTH)

September 30, 2019

 

 

 

Investments    Shares      Value  

SKF AB Class B

     12,931      $ 213,979  

SSAB AB Class B

     32,541        80,987  

Svenska Handelsbanken AB Class A

     45,435        425,970  

Swedbank AB Class A

     45,435        654,805  

Telia Co. AB

     182,850        819,577  
     

 

 

 
Total Sweden               5,283,877  
Switzerland – 3.5%      

ABB Ltd. Registered Shares

     62,591        1,230,918  

Adecco Group AG Registered Shares

     5,200        287,965  

Baloise Holding AG Registered Shares

     659        118,166  

Dufry AG Registered Shares*

     2,401        201,008  

Flughafen Zurich AG Registered Shares

     973        180,324  

Helvetia Holding AG Registered Shares

     1,114        153,836  

Kuehne + Nagel International AG Registered Shares

     3,837        565,651  

LafargeHolcim Ltd. Registered Shares*

     17,826        878,116  

Sulzer AG Registered Shares

     859        84,552  

Sunrise Communications Group AG*(b)

     2,584        201,221  

Swiss Life Holding AG Registered Shares

     488        233,490  

Swiss Re AG

     7,820        816,389  

Swisscom AG Registered Shares

     1,604        791,906  

UBS Group AG Registered Shares*

     93,052        1,057,293  

Vontobel Holding AG Registered Shares

     1,893        102,609  

Zurich Insurance Group AG

     3,380        1,294,850  
     

 

 

 
Total Switzerland               8,198,294  
United Kingdom – 22.5%      

Admiral Group PLC

     7,735        201,884  

Anglo American PLC

     36,185        834,382  

Antofagasta PLC

     27,564        305,364  

AstraZeneca PLC

     31,344        2,804,576  

Aviva PLC

     98,744        485,877  

Babcock International Group PLC

     28,478        195,821  

BAE Systems PLC

     111,203        781,102  

Barclays PLC

     307,187        569,334  

Barratt Developments PLC

     55,861        446,067  

BBA Aviation PLC

     38,869        149,538  

BCA Marketplace PLC

     32,214        93,606  

Bellway PLC

     5,539        228,388  

Bodycote PLC

     11,499        101,530  

Bovis Homes Group PLC

     13,101        179,848  

BP PLC

     889,844        5,656,027  

British American Tobacco PLC

     119,864        4,442,329  

British Land Co. PLC (The)

     28,686        206,725  

BT Group PLC

     507,411        1,116,629  

Carnival PLC

     5,944        246,845  

Centrica PLC

     515,227        468,186  

Cineworld Group PLC(a)

     42,468        119,320  

Close Brothers Group PLC

     5,505        95,584  

Countryside Properties PLC(b)

     26,273        108,784  

Crest Nicholson Holdings PLC

     14,024        65,498  

Daily Mail & General Trust PLC Class A Non-Voting Shares

     8,905        93,495  

Direct Line Insurance Group PLC

     25,786        95,392  

Diversified Gas & Oil PLC

     46,566      63,122  

Dixons Carphone PLC

     88,034        129,042  

Domino’s Pizza Group PLC

     23,995        75,372  

Drax Group PLC

     17,473        59,471  

DS Smith PLC

     45,443        201,822  

easyJet PLC

     19,447        275,592  

Essentra PLC

     19,653        103,073  

Evraz PLC

     108,186        623,393  

Fiat Chrysler Automobiles N.V.

     59,628        771,756  

G4S PLC

     59,999        139,888  

Galliford Try PLC

     11,997        98,978  

GlaxoSmithKline PLC

     192,643        4,141,574  

Go-Ahead Group PLC (The)

     3,525        87,485  

Greene King PLC

     12,753        133,110  

Hammerson PLC

     23,949        83,697  

Hastings Group Holdings PLC(b)

     37,889        96,183  

Hays PLC

     77,316        143,677  

HSBC Holdings PLC

     494,538        3,806,431  

Ibstock PLC(b)

     31,243        90,939  

IMI PLC

     8,660        102,470  

Imperial Brands PLC

     70,478        1,587,792  

Inchcape PLC

     11,265        87,664  

Investec PLC

     17,311        89,319  

ITV PLC

     231,993        359,929  

J Sainsbury PLC

     96,300        260,838  

John Wood Group PLC

     38,430        179,910  

Jupiter Fund Management PLC

     16,316        71,457  

Kingfisher PLC

     86,072        219,346  

Land Securities Group PLC

     21,174        223,458  

Legal & General Group PLC

     133,394        408,323  

Lloyds Banking Group PLC

     1,611,834        1,074,965  

Marks & Spencer Group PLC

     88,897        202,061  

Marston’s PLC

     72,019        109,605  

Micro Focus International PLC

     13,856        194,106  

Mondi PLC

     10,091        193,739  

Morgan Advanced Materials PLC

     33,931        108,881  

National Express Group PLC

     22,309        119,038  

National Grid PLC

     153,829        1,671,760  

Pagegroup PLC

     19,402        105,009  

Pennon Group PLC

     12,086        123,170  

Persimmon PLC

     27,990        748,478  

Phoenix Group Holdings PLC

     18,779        159,976  

Redrow PLC

     19,326        147,179  

Rio Tinto PLC

     45,434        2,356,548  

Royal Dutch Shell PLC Class A

     185,818        5,458,965  

Royal Mail PLC

     94,116        245,528  

Severn Trent PLC

     7,954        212,207  

SSE PLC

     62,813        964,072  

St. James’s Place PLC

     6,531        78,824  

Stagecoach Group PLC

     42,528        70,069  

Standard Life Aberdeen PLC

     87,978        309,851  

Tate & Lyle PLC

     10,671        96,783  

TP ICAP PLC

     23,537        98,616  

Travis Perkins PLC

     7,075        112,556  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree International High Dividend Fund (DTH)

September 30, 2019

 

 

 

Investments    Shares      Value  

Tyman PLC

     30,831      $ 91,563  

United Utilities Group PLC

     19,868        202,183  

Vesuvius PLC

     16,019        89,897  

Vodafone Group PLC

     1,207,057        2,409,678  

William Hill PLC

     72,531        167,721  
     

 

 

 
Total United Kingdom               52,730,270  
TOTAL COMMON STOCKS
(Cost: $253,026,204)
              232,923,764  
RIGHTS – 0.0%

 

Australia – 0.0%

 

Harvey Norman Holdings Ltd., expiring 10/11/19*(a)

     
(Cost: $0)      4,216        5,104  
EXCHANGE-TRADED FUND – 0.0%

 

United States – 0.0%

 

WisdomTree International LargeCap Dividend Fund(c)

 

  
(Cost: $6,907)      158        7,260  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.0%

 

United States – 4.0%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(d)

     
(Cost: $9,515,431)(e)      9,515,431        9,515,431  

TOTAL INVESTMENTS IN SECURITIES – 103.3%

(Cost: $262,548,542)

        242,451,559  

Other Assets less Liabilities – (3.3)%

        (7,824,130
     

 

 

 
NET ASSETS – 100.0%             $ 234,627,429  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(e) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $15,108,059 and the total market value of the collateral held by the Fund was $15,922,935. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,407,504.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.6%      
Australia – 6.8%      

Australia & New Zealand Banking Group Ltd.

     127,849      $ 2,459,215  

BHP Group Ltd.

     121,445        3,007,682  

BHP Group PLC

     94,920        2,026,386  

Commonwealth Bank of Australia

     73,374        4,000,041  

CSL Ltd.

     4,844        763,473  

Fortescue Metals Group Ltd.(a)

     102,467        608,158  

Macquarie Group Ltd.

     11,555        1,021,542  

National Australia Bank Ltd.

     146,215        2,928,856  

Rio Tinto Ltd.

     14,258        891,143  

Telstra Corp., Ltd.

     369,207        874,031  

Transurban Group

     89,287        884,626  

Wesfarmers Ltd.

     66,303        1,779,778  

Westpac Banking Corp.

     180,106        3,600,444  

Woodside Petroleum Ltd.

     50,250        1,097,394  

Woolworths Group Ltd.

     38,995        980,470  
     

 

 

 
Total Australia               26,923,239  
Austria – 0.3%      

Erste Group Bank AG*

     14,331        474,022  

OMV AG

     13,027        699,308  
     

 

 

 
Total Austria               1,173,330  
Belgium – 1.3%      

Anheuser-Busch InBev S.A./N.V.

     37,545        3,578,236  

KBC Group N.V.

     18,927        1,230,212  

UCB S.A.

     3,206        232,779  
     

 

 

 
Total Belgium               5,041,227  
China – 3.4%      

China Mobile Ltd.

     888,486        7,349,838  

China Overseas Land & Investment Ltd.

     252,000        792,382  

China Unicom Hong Kong Ltd.

     482,000        511,549  

CITIC Ltd.

     997,273        1,259,408  

CNOOC Ltd.

     2,324,529        3,546,364  
     

 

 

 
Total China               13,459,541  
Denmark – 1.0%      

AP Moller – Maersk A/S Class B

     179        202,457  

Carlsberg A/S Class B

     2,183        322,738  

Coloplast A/S Class B

     3,737        450,172  

Novo Nordisk A/S Class B

     42,084        2,163,944  

Orsted A/S(b)

     5,965        554,470  

Vestas Wind Systems A/S

     2,505        194,517  
     

 

 

 
Total Denmark               3,888,298  
Finland – 1.8%      

Fortum Oyj

     45,822        1,083,527  

Kone Oyj Class B

     14,275        812,990  

Neste Oyj(a)

     15,663        518,592  

Nokia Oyj

     235,430        1,193,496  

Nordea Bank Abp

     325,244        2,309,290  

Sampo Oyj Class A

     29,417        1,169,929  
     

 

 

 
Total Finland               7,087,824  
France – 12.3%      

Aeroports de Paris

     2,352      418,469  

Air Liquide S.A.

     8,768        1,248,389  

Airbus SE

     9,183        1,193,348  

AXA S.A.

     109,764        2,803,744  

BNP Paribas S.A.

     69,430        3,381,187  

Capgemini SE

     2,359        278,010  

Carrefour S.A.

     18,248        319,497  

Cie de Saint-Gobain

     19,340        759,041  

Cie Generale des Etablissements Michelin SCA

     5,606        625,834  

Credit Agricole S.A.

     144,917        1,759,992  

Danone S.A.

     16,708        1,472,141  

Dassault Systemes SE

     1,273        181,458  

Electricite de France S.A.

     71,838        804,324  

Engie S.A.

     123,071        2,009,896  

EssilorLuxottica S.A.

     7,918        1,141,609  

Hermes International

     837        578,523  

Kering S.A.

     2,525        1,287,050  

L’Oreal S.A.

     7,944        2,224,895  

Legrand S.A.

     5,533        394,980  

LVMH Moet Hennessy Louis Vuitton SE

     7,794        3,098,438  

Orange S.A.

     121,998        1,914,567  

Pernod Ricard S.A.

     3,826        681,559  

Peugeot S.A.

     29,907        745,993  

Renault S.A.

     17,147        984,408  

Safran S.A.

     5,009        788,814  

Sanofi

     47,029        4,361,112  

Schneider Electric SE

     16,543        1,451,832  

Societe Generale S.A.

     62,418        1,710,729  

Sodexo S.A.

     3,572        401,102  

Thales S.A.

     4,067        467,770  

TOTAL S.A.

     131,336        6,856,294  

Vinci S.A.

     17,022        1,833,840  

Vivendi S.A.

     22,610        620,672  
     

 

 

 
Total France               48,799,517  
Germany – 8.6%      

adidas AG

     2,366        736,809  

Allianz SE Registered Shares

     13,570        3,163,699  

BASF SE

     44,514        3,111,690  

Bayer AG Registered Shares

     45,461        3,206,138  

Bayerische Motoren Werke AG

     30,147        2,122,831  

Beiersdorf AG

     1,836        216,574  

Continental AG

     6,958        892,826  

Daimler AG Registered Shares

     66,129        3,288,920  

Deutsche Boerse AG

     2,936        458,999  

Deutsche Post AG Registered Shares

     47,574        1,589,408  

Deutsche Telekom AG Registered Shares

     197,677        3,317,522  

Deutsche Wohnen SE Bearer Shares

     5,531        201,941  

E.ON SE

     88,745        862,911  

Fresenius Medical Care AG & Co. KGaA

     5,031        338,412  

Fresenius SE & Co. KGaA

     8,755        409,420  

Hannover Rueck SE

     3,504        592,491  

Henkel AG & Co. KGaA

     6,131        561,457  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

September 30, 2019

 

 

 

Investments    Shares      Value  

Infineon Technologies AG

     19,516      $ 351,315  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     4,365        1,129,721  

RWE AG

     15,967        499,413  

SAP SE

     14,997        1,763,809  

Siemens AG Registered Shares

     28,605        3,063,943  

Siemens Healthineers AG(b)

     18,100        712,249  

Volkswagen AG

     8,631        1,483,881  
     

 

 

 
Total Germany               34,076,379  
Hong Kong – 2.6%      

AIA Group Ltd.

     160,000        1,511,340  

BOC Hong Kong Holdings Ltd.

     394,215        1,337,618  

CLP Holdings Ltd.

     78,500        824,614  

Galaxy Entertainment Group Ltd.

     79,000        491,268  

Hang Seng Bank Ltd.

     58,795        1,267,489  

Henderson Land Development Co., Ltd.

     140,122        652,404  

Hong Kong & China Gas Co., Ltd.

     268,158        522,674  

Hong Kong Exchanges & Clearing Ltd.

     26,038        763,928  

MTR Corp., Ltd.

     138,938        779,814  

New World Development Co., Ltd.

     318,000        412,945  

Sun Hung Kai Properties Ltd.

     81,442        1,171,857  

Swire Pacific Ltd. Class A

     21,500        200,070  

Swire Pacific Ltd. Class B

     75,000        109,638  

Swire Properties Ltd.

     113,200        355,221  
     

 

 

 
Total Hong Kong               10,400,880  
Ireland – 0.2%      

CRH PLC

     20,286        698,638  

Kerry Group PLC Class A

     1,453        169,970  
     

 

 

 
Total Ireland               868,608  
Italy – 3.3%

 

Assicurazioni Generali SpA

     71,938        1,394,428  

Atlantia SpA

     29,062        703,054  

Enel SpA

     411,731        3,075,202  

Eni SpA

     200,196        3,062,972  

Ferrari N.V.

     1,490        229,934  

Intesa Sanpaolo SpA

     1,405,215        3,332,790  

Snam SpA

     154,243        779,234  

UniCredit SpA

     44,492        524,826  
     

 

 

 
Total Italy               13,102,440  
Japan – 16.4%      

Aeon Co., Ltd.

     14,600        267,548  

Asahi Group Holdings Ltd.

     9,600        475,226  

Astellas Pharma, Inc.

     46,600        663,374  

Bridgestone Corp.

     28,300        1,095,602  

Canon, Inc.

     63,300        1,688,293  

Central Japan Railway Co.

     1,300        267,277  

Chugai Pharmaceutical Co., Ltd.

     6,300        489,660  

Dai-ichi Life Holdings, Inc.

     30,600        461,230  

Daiichi Sankyo Co., Ltd.

     7,500        472,172  

Daikin Industries Ltd.

     3,300        432,977  

Daiwa House Industry Co., Ltd.(a)

     17,300        561,220  

Denso Corp.

     23,300        1,023,842  

East Japan Railway Co.

     5,100      486,523  

Eisai Co., Ltd.

     6,500        330,248  

FANUC Corp.

     9,900        1,863,206  

Fast Retailing Co., Ltd.

     700        415,887  

FUJIFILM Holdings Corp.

     6,900        302,623  

Hitachi Ltd.

     20,500        763,095  

Honda Motor Co., Ltd.

     66,000        1,709,008  

Hoya Corp.

     4,500        367,203  

ITOCHU Corp.

     60,800        1,255,099  

Japan Post Holdings Co., Ltd.

     139,200        1,281,555  

Japan Tobacco, Inc.

     111,109        2,432,421  

JXTG Holdings, Inc.(a)

     124,400        566,778  

Kao Corp.

     6,300        465,410  

KDDI Corp.

     85,900        2,245,362  

Keyence Corp.

     400        247,606  

Kirin Holdings Co., Ltd.

     19,200        406,473  

Komatsu Ltd.(a)

     39,900        913,741  

Kubota Corp.

     24,600        372,044  

Mitsubishi Corp.

     62,200        1,525,720  

Mitsubishi Electric Corp.

     58,900        780,701  

Mitsubishi Estate Co., Ltd.

     15,100        291,172  

Mitsubishi UFJ Financial Group, Inc.

     455,400        2,310,815  

Mitsui Fudosan Co., Ltd.

     11,400        282,587  

Mizuho Financial Group, Inc.(a)

     926,398        1,419,491  

MS&AD Insurance Group Holdings, Inc.(a)

     17,700        573,213  

Murata Manufacturing Co., Ltd.

     12,800        614,092  

Nidec Corp.(a)

     2,800        376,183  

Nintendo Co., Ltd.

     2,900        1,073,865  

Nippon Steel Corp.

     35,100        488,948  

Nippon Telegraph & Telephone Corp.

     66,500        3,172,556  

Nissan Motor Co., Ltd.(a)

     290,700        1,813,193  

NTT Data Corp.

     17,400        224,433  

NTT DOCOMO, Inc.(a)

     146,100        3,721,613  

Oriental Land Co., Ltd.

     1,600        243,387  

Otsuka Holdings Co., Ltd.

     14,400        538,293  

Panasonic Corp.

     78,100        632,749  

Recruit Holdings Co., Ltd.

     11,700        355,736  

Secom Co., Ltd.

     4,100        373,979  

Seven & I Holdings Co., Ltd.

     21,300        814,357  

Shin-Etsu Chemical Co., Ltd.

     8,700        930,576  

Shionogi & Co., Ltd.

     5,100        283,090  

SMC Corp.

     700        298,589  

Softbank Corp.(a)

     118,400        1,603,864  

SoftBank Group Corp.(a)

     8,600        337,395  

Sony Corp.

     7,400        434,585  

Subaru Corp.

     40,000        1,125,145  

Sumitomo Corp.(a)

     51,600        805,929  

Sumitomo Mitsui Financial Group, Inc.(a)

     48,000        1,641,083  

Suzuki Motor Corp.(a)

     6,800        288,611  

Takeda Pharmaceutical Co., Ltd.

     52,500        1,792,505  

Tokio Marine Holdings, Inc.(a)

     19,900        1,064,095  

Tokyo Electron Ltd.

     8,000        1,522,276  

Toyota Motor Corp.(a)

     98,100        6,549,985  

West Japan Railway Co.

     3,600        304,155  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

September 30, 2019

 

 

 

Investments    Shares      Value  

Yahoo Japan Corp.

     142,700      $ 401,395  
     

 

 

 
Total Japan               65,333,064  
Netherlands – 2.2%      

ABN AMRO Bank N.V. CVA(b)

     53,578        944,793  

Akzo Nobel N.V.

     4,766        424,972  

ASML Holding N.V.

     4,993        1,237,005  

Heineken Holding N.V.

     5,100        507,908  

Heineken N.V.

     8,721        942,777  

ING Groep N.V.

     201,534        2,110,117  

Koninklijke Ahold Delhaize N.V.

     37,514        938,808  

Koninklijke DSM N.V.

     3,487        419,689  

Koninklijke Philips N.V.

     19,846        919,535  

Wolters Kluwer N.V.

     3,545        258,862  
     

 

 

 
Total Netherlands               8,704,466  
Norway – 1.3%      

DNB ASA

     65,663        1,158,106  

Equinor ASA

     149,435        2,846,122  

Telenor ASA

     58,852        1,182,423  
     

 

 

 
Total Norway               5,186,651  
Singapore – 1.6%      

DBS Group Holdings Ltd.

     120,000        2,169,354  

Oversea-Chinese Banking Corp., Ltd.

     132,245        1,038,528  

Singapore Telecommunications Ltd.

     831,300        1,863,497  

United Overseas Bank Ltd.

     51,786        960,900  

Wilmar International Ltd.

     173,200        467,161  
     

 

 

 
Total Singapore               6,499,440  
Spain – 4.7%      

Aena SME S.A.(b)

     5,684        1,041,045  

Amadeus IT Group S.A.

     7,131        510,922  

Banco Bilbao Vizcaya Argentaria S.A.

     260,752        1,358,961  

Banco Santander S.A.

     708,432        2,885,820  

CaixaBank S.A.

     288,871        758,975  

Endesa S.A.

     60,888        1,602,415  

Ferrovial S.A.

     23,106        667,791  

Iberdrola S.A.

     222,761        2,315,856  

Industria de Diseno Textil S.A.

     93,971        2,909,500  

Naturgy Energy Group S.A.

     47,008        1,247,379  

Repsol S.A.

     89,853        1,404,714  

Telefonica S.A.

     273,069        2,084,196  
     

 

 

 
Total Spain               18,787,574  
Sweden – 2.4%      

Assa Abloy AB Class B

     19,626        437,346  

Atlas Copco AB Class A

     27,107        835,915  

Essity AB Class B

     11,277        329,519  

Hennes & Mauritz AB Class B

     87,756        1,703,326  

Hexagon AB Class B

     4,502        217,312  

Sandvik AB

     34,808        542,893  

Skandinaviska Enskilda Banken AB Class A

     119,588        1,100,504  

Svenska Handelsbanken AB Class A

     85,841        804,791  

Swedbank AB Class A

     85,500        1,232,218  

Telefonaktiebolaget LM Ericsson Class B

     37,700        301,611  

Telia Co. AB

     220,834        989,830  

Volvo AB Class B

     70,325      988,841  
     

 

 

 
Total Sweden               9,484,106  
Switzerland – 9.0%      

ABB Ltd. Registered Shares

     82,960        1,631,495  

Cie Financiere Richemont S.A. Registered Shares

     11,485        843,335  

Credit Suisse Group AG Registered Shares*

     43,888        538,504  

Geberit AG Registered Shares

     914        436,857  

Givaudan S.A. Registered Shares

     156        435,545  

Kuehne + Nagel International AG Registered Shares

     5,106        752,727  

LafargeHolcim Ltd. Registered Shares*

     25,283        1,245,450  

Nestle S.A. Registered Shares

     67,632        7,344,124  

Novartis AG Registered Shares

     74,401        6,457,065  

Partners Group Holding AG

     662        508,409  

Roche Holding AG Bearer Shares

     4,911        1,422,351  

Roche Holding AG Genusschein

     20,093        5,852,692  

Schindler Holding AG Registered Shares

     1,826        407,629  

SGS S.A. Registered Shares

     196        486,290  

Sika AG Registered Shares

     1,631        238,807  

Swiss Life Holding AG Registered Shares

     767        366,982  

Swiss Re AG

     14,141        1,476,286  

Swisscom AG Registered Shares

     2,029        1,001,732  

UBS Group AG Registered Shares*

     174,272        1,980,145  

Zurich Insurance Group AG

     6,238        2,389,727  
     

 

 

 
Total Switzerland               35,816,152  
United Kingdom – 19.4%      

Anglo American PLC

     46,416        1,070,297  

Associated British Foods PLC

     12,977        368,285  

AstraZeneca PLC

     40,392        3,614,166  

Aviva PLC

     208,839        1,027,607  

BAE Systems PLC

     145,422        1,021,460  

Barclays PLC

     546,462        1,012,801  

BP PLC

     1,158,479        7,363,525  

British American Tobacco PLC

     154,396        5,722,133  

BT Group PLC

     731,019        1,608,710  

Coca-Cola European Partners PLC

     9,521        531,445  

Compass Group PLC

     29,300        755,706  

Diageo PLC

     48,347        1,985,734  

Fiat Chrysler Automobiles N.V.

     77,874        1,007,912  

GlaxoSmithKline PLC

     253,327        5,446,201  

HSBC Holdings PLC

     938,718        7,225,259  

Imperial Brands PLC

     91,075        2,051,820  

Legal & General Group PLC

     279,195        854,625  

Lloyds Banking Group PLC

     3,015,642        2,011,194  

London Stock Exchange Group PLC

     3,611        325,194  

National Grid PLC

     203,850        2,215,370  

Prudential PLC

     62,176        1,130,137  

Reckitt Benckiser Group PLC

     18,142        1,418,289  

RELX PLC

     34,706        826,495  

Rio Tinto PLC

     59,012        3,060,804  

Rolls-Royce Holdings PLC*

     22,826        222,890  

Royal Bank of Scotland Group PLC

     222,945        570,350  

Royal Dutch Shell PLC Class A

     247,268        7,264,245  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree International LargeCap Dividend Fund (DOL)

September 30, 2019

 

 

 

Investments    Shares      Value  

Royal Dutch Shell PLC Class B

     199,782      $ 5,898,743  

Smith & Nephew PLC

     13,445        324,572  

Standard Chartered PLC

     57,972        488,785  

Tesco PLC

     231,146        686,467  

Unilever N.V.

     45,566        2,739,634  

Unilever PLC

     31,346        1,888,893  

Vodafone Group PLC

     1,700,060        3,393,873  
     

 

 

 
Total United Kingdom               77,133,621  
TOTAL COMMON STOCKS
(Cost: $387,482,270)
              391,766,357  
EXCHANGE-TRADED FUND – 0.5%

 

United States – 0.5%

 

WisdomTree International MidCap Dividend Fund(a)(c)

 

  
(Cost: $2,175,047)      35,801        2,159,158  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.7%

 

United States – 1.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(d)

     
(Cost: $6,539,006)(e)      6,539,006        6,539,006  

TOTAL INVESTMENTS IN SECURITIES – 100.8%

(Cost: $396,196,323)

 

 

     400,464,521  

Other Assets less Liabilities – (0.8)%

 

     (3,216,906
     

 

 

 
NET ASSETS – 100.0%

 

   $ 397,247,615  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(e) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $19,594,123 and the total market value of the collateral held by the Fund was $20,630,576. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,091,570.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 8.0%      

AGL Energy Ltd.

     60,715      $ 784,587  

Alumina Ltd.

     591,053        944,766  

APA Group

     79,708        616,079  

Aristocrat Leisure Ltd.

     23,501        485,018  

ASX Ltd.

     7,900        431,953  

Atlas Arteria Ltd.

     38,484        202,453  

Aurizon Holdings Ltd.

     162,068        644,910  

AusNet Services

     363,301        444,726  

Bendigo & Adelaide Bank Ltd.(a)

     51,110        396,073  

Boral Ltd.

     74,180        241,648  

Brambles Ltd.

     66,561        511,769  

Caltex Australia Ltd.(a)

     17,398        308,841  

Challenger Ltd.(a)

     65,222        324,199  

CIMIC Group Ltd.

     18,835        399,518  

Coca-Cola Amatil Ltd.

     59,645        428,424  

Cochlear Ltd.

     2,022        283,862  

Computershare Ltd.

     25,016        272,483  

Crown Resorts Ltd.

     55,132        448,064  

Downer EDI Ltd.

     45,860        241,256  

Evolution Mining Ltd.

     75,045        229,282  

Flight Centre Travel Group Ltd.(a)

     8,866        284,632  

Harvey Norman Holdings Ltd.(a)

     152,136        464,815  

Iluka Resources Ltd.

     32,700        176,216  

Incitec Pivot Ltd.

     69,234        158,296  

Insurance Australia Group Ltd.

     161,412        860,028  

Magellan Financial Group Ltd.(a)

     13,424        465,728  

Medibank Pvt Ltd.(a)

     221,940        508,937  

Newcrest Mining Ltd.

     13,117        307,425  

Orica Ltd.

     20,905        317,800  

Origin Energy Ltd.(a)

     51,419        276,396  

Qantas Airways Ltd.

     113,586        481,865  

QBE Insurance Group Ltd.

     95,963        812,911  

Ramsay Health Care Ltd.(a)

     7,951        347,869  

REA Group Ltd.(a)

     3,922        286,263  

Reece Ltd.

     28,433        207,875  

Santos Ltd.

     96,875        505,058  

Seek Ltd.

     18,097        262,052  

Seven Group Holdings Ltd.(a)

     16,104        189,205  

Sonic Healthcare Ltd.

     25,287        478,387  

South32 Ltd.

     454,533        803,186  

Star Entertainment Group Ltd. (The)(a)

     123,053        361,850  

Suncorp Group Ltd.

     95,460        878,827  

Sydney Airport

     186,963        1,012,560  

Tabcorp Holdings Ltd.

     168,540        551,308  

Treasury Wine Estates Ltd.(a)

     34,154        427,763  

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

     14,188        201,238  

Whitehaven Coal Ltd.(a)

     159,158        333,840  
     

 

 

 
Total Australia               20,602,241  
Austria – 0.9%      

Andritz AG

     5,785        236,505  

BAWAG Group AG*(b)

     10,649        419,336  

Lenzing AG

     2,892      278,555  

Raiffeisen Bank International AG

     16,532        383,714  

Telekom Austria AG*

     32,072        233,216  

Verbund AG

     3,866        211,579  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     7,361        191,796  

Voestalpine AG(a)

     19,579        449,953  
     

 

 

 
Total Austria               2,404,654  
Belgium – 1.8%      

Ackermans & van Haaren N.V.

     1,047        159,117  

Ageas

     17,137        950,578  

Colruyt S.A.(a)

     7,993        438,138  

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

     3,664        299,587  

Melexis N.V.(a)

     3,351        232,165  

Proximus SADP

     34,703        1,030,955  

Solvay S.A.

     6,667        690,494  

Umicore S.A.(a)

     13,045        492,496  

Warehouses De Pauw CVA

     1,687        309,716  
     

 

 

 
Total Belgium               4,603,246  
China – 2.5%      

Beijing Enterprises Holdings Ltd.

     57,200        263,038  

China Everbright International Ltd.

     387,407        298,484  

China Jinmao Holdings Group Ltd.

     995,242        570,023  

China Resources Pharmaceutical Group Ltd.(b)

     214,500        201,109  

China Resources Power Holdings Co., Ltd.

     558,000        676,911  

CSPC Pharmaceutical Group Ltd.

     202,000        405,577  

Far East Horizon Ltd.

     292,000        271,164  

Fosun International Ltd.

     598,500        740,548  

Guangdong Investment Ltd.

     410,208        802,688  

Lenovo Group Ltd.

     1,046,000        697,831  

Shenzhen Investment Ltd.

     794,000        292,709  

Sino-Ocean Group Holding Ltd.

     744,964        252,775  

Sinotruk Hong Kong Ltd.

     244,500        362,412  

Sun Art Retail Group Ltd.

     381,500        387,369  

Yuexiu Property Co., Ltd.

     1,486,000        322,244  
     

 

 

 
Total China               6,544,882  
Denmark – 1.9%      

Chr Hansen Holding A/S

     2,442        207,311  

Danske Bank A/S

     118,234        1,646,649  

H. Lundbeck A/S

     16,221        538,130  

ISS A/S

     10,072        249,280  

Novozymes A/S Class B

     6,137        258,077  

Pandora A/S

     16,511        662,750  

Royal Unibrew A/S

     2,540        209,474  

Topdanmark A/S

     8,091        390,577  

Tryg A/S

     22,821        654,118  
     

 

 

 
Total Denmark               4,816,366  
Finland – 2.1%      

DNA Oyj

     8,407        191,372  

Elisa Oyj

     12,480        643,549  

Huhtamaki Oyj

     4,853        193,535  

Kesko Oyj Class B

     5,349        337,993  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International MidCap Dividend Fund (DIM)

September 30, 2019

 

 

 

Investments    Shares      Value  

Kojamo Oyj

     10,307      $ 168,775  

Metso Oyj

     10,849        405,331  

Nokian Renkaat Oyj

     14,034        395,961  

Orion Oyj Class B

     10,103        376,909  

Stora Enso Oyj Class R

     58,351        703,256  

UPM-Kymmene Oyj

     48,798        1,442,772  

Valmet Oyj

     9,175        178,146  

Wartsila Oyj Abp(a)

     28,989        324,729  
     

 

 

 
Total Finland               5,362,328  
France – 8.4%      

Accor S.A.

     15,233        635,218  

ALD S.A.(b)

     28,476        406,683  

Alstom S.A.

     4,407        182,716  

Amundi S.A.(b)

     15,726        1,097,247  

Arkema S.A.

     5,163        481,367  

Atos SE

     2,844        200,542  

Bollore S.A.

     80,304        332,855  

Bouygues S.A.

     34,743        1,391,973  

Bureau Veritas S.A.

     21,969        529,308  

Cie Plastic Omnium S.A.

     11,037        302,739  

CNP Assurances

     50,382        973,846  

Covivio

     6,842        724,283  

Edenred

     11,444        549,329  

Eiffage S.A.

     4,984        516,840  

Elis S.A.

     11,965        211,578  

Eurazeo SE

     3,303        245,763  

Eutelsat Communications S.A.

     29,134        542,334  

Faurecia SE

     9,856        467,623  

Gaztransport Et Technigaz S.A.

     3,102        307,237  

Getlink SE

     29,230        439,121  

ICADE

     7,698        688,593  

Imerys S.A.

     7,615        306,173  

Ingenico Group S.A.

     2,344        228,711  

Ipsen S.A.

     1,478        140,346  

JCDecaux S.A.

     8,164        221,086  

Klepierre S.A.

     33,517        1,138,594  

Lagardere SCA

     13,267        293,613  

Natixis S.A.

     414,060        1,717,608  

Orpea

     1,667        203,726  

Publicis Groupe S.A.

     16,939        833,226  

Remy Cointreau S.A.

     1,944        258,137  

Rexel S.A.

     25,567        273,658  

Rubis SCA

     5,000        290,538  

SCOR SE

     15,691        648,159  

SEB S.A.

     1,322        200,765  

Societe BIC S.A.(a)

     2,673        179,509  

Suez

     52,397        824,002  

Teleperformance

     1,818        394,216  

Valeo S.A.

     22,589        732,639  

Veolia Environnement S.A.

     42,631        1,081,039  

Wendel S.A.

     2,132        294,257  
     

 

 

 
Total France               21,487,197  
Germany – 6.5%      

Axel Springer SE*

     6,319      434,005  

Brenntag AG

     8,821        426,979  

Commerzbank AG

     83,294        483,275  

Covestro AG(b)

     19,213        950,949  

Deutsche Lufthansa AG Registered Shares

     35,187        559,301  

DWS Group GmbH & Co. KGaA(b)

     16,900        499,669  

Evonik Industries AG

     38,084        940,409  

Fielmann AG

     4,169        307,018  

Fraport AG Frankfurt Airport Services Worldwide

     4,181        354,713  

GEA Group AG

     8,367        225,945  

HeidelbergCement AG

     9,555        690,846  

Hella GmbH & Co. KGaA

     5,987        267,739  

Hochtief AG

     5,788        660,034  

Hugo Boss AG

     7,014        375,833  

KION Group AG

     5,062        266,272  

LANXESS AG

     1,742        106,351  

LEG Immobilien AG

     3,932        450,100  

Merck KGaA

     3,051        343,763  

METRO AG

     41,097        648,761  

MTU Aero Engines AG

     1,794        476,829  

OSRAM Licht AG(a)

     8,594        378,046  

ProSiebenSat.1 Media SE

     34,831        479,976  

Rheinmetall AG

     2,099        265,561  

Scout24 AG(b)

     3,904        222,596  

Sixt SE

     1,453        139,318  

Stroeer SE & Co. KGaA

     3,759        286,250  

Suedzucker AG

     14,152        217,696  

Symrise AG

     3,476        337,875  

Talanx AG

     16,761        724,335  

Telefonica Deutschland Holding AG

     572,759        1,597,271  

ThyssenKrupp AG

     19,398        268,682  

TLG Immobilien AG

     8,334        226,689  

TUI AG

     89,775        1,045,133  

Uniper SE

     21,423        702,763  

Wacker Chemie AG

     3,659        240,539  
     

 

 

 
Total Germany               16,601,521  
Hong Kong – 2.4%      

Bank of East Asia Ltd. (The)

     137,963        339,654  

Cathay Pacific Airways Ltd.(a)

     219,000        273,771  

Hang Lung Group Ltd.

     122,000        303,778  

Hang Lung Properties Ltd.

     363,000        824,221  

Hysan Development Co., Ltd.

     78,000        314,412  

PCCW Ltd.

     1,003,543        563,256  

Power Assets Holdings Ltd.

     182,500        1,225,684  

Sino Land Co., Ltd.

     479,046        719,846  

SJM Holdings Ltd.

     390,000        370,628  

Techtronic Industries Co., Ltd.

     60,000        417,506  

Wharf Holdings Ltd. (The)

     130,000        283,568  

Wheelock & Co., Ltd.

     96,000        546,777  
     

 

 

 
Total Hong Kong               6,183,101  
Ireland – 0.9%      

AIB Group PLC

     217,473        645,831  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International MidCap Dividend Fund (DIM)

September 30, 2019

 

 

 

Investments    Shares      Value  

Bank of Ireland Group PLC

     69,145      $ 274,390  

DCC PLC

     3,414        298,534  

Flutter Entertainment PLC*

     3,413        319,100  

Glanbia PLC

     11,060        137,457  

Kingspan Group PLC

     3,805        185,840  

Smurfit Kappa Group PLC

     15,124        450,127  
     

 

 

 
Total Ireland               2,311,279  
Israel – 0.6%      

Azrieli Group Ltd.

     5,094        400,098  

Bank Leumi Le-Israel BM

     83,006        590,819  

Elbit Systems Ltd.

     1,321        218,912  

Israel Chemicals Ltd.

     74,233        368,624  
     

 

 

 
Total Israel               1,578,453  
Italy – 4.3%      

A2A SpA

     222,626        408,718  

ACEA SpA

     17,768        354,871  

Banca Generali SpA

     13,207        407,471  

Banca Mediolanum SpA

     79,581        597,771  

Enav SpA(b)

     53,997        304,934  

ERG SpA

     11,634        234,643  

FinecoBank Banca Fineco SpA

     38,687        409,619  

Freni Brembo SpA(a)

     11,322        110,349  

Hera SpA

     104,735        430,010  

IMA Industria Macchine Automatiche SpA(a)

     2,008        140,541  

Infrastrutture Wireless Italiane SpA(b)

     37,890        393,249  

Iren SpA

     80,334        234,364  

Italgas SpA

     69,156        446,482  

Leonardo SpA

     13,944        164,027  

Mediobanca Banca di Credito Finanziario SpA

     79,820        871,938  

Moncler SpA

     4,863        173,364  

Pirelli & C SpA(b)

     59,333        351,109  

Poste Italiane SpA(b)

     111,283        1,265,375  

Prysmian SpA

     9,433        202,592  

Recordati SpA

     10,041        430,862  

Societa Iniziative Autostradali e Servizi SpA

     18,410        321,330  

Telecom Italia SpA RSP

     627,916        343,372  

Terna Rete Elettrica Nazionale SpA

     143,168        919,946  

Unione di Banche Italiane SpA

     69,773        195,947  

Unipol Gruppo SpA

     73,107        389,420  

UnipolSai Assicurazioni SpA

     331,327        881,359  
     

 

 

 
Total Italy               10,983,663  
Japan – 25.3%      

ABC-Mart, Inc.

     4,678        297,366  

Advantest Corp.(a)

     13,300        587,624  

AEON Financial Service Co., Ltd.(a)

     20,000        300,902  

Aeon Mall Co., Ltd.

     12,800        201,934  

AGC, Inc.

     13,028        403,829  

Aisin Seiki Co., Ltd.(a)

     21,400        672,246  

Ajinomoto Co., Inc.

     13,500        254,823  

Alfresa Holdings Corp.

     11,100        247,831  

Alps Alpine Co., Ltd.

     14,900        278,078  

Amada Holdings Co., Ltd.(a)

     32,200        346,804  

ANA Holdings, Inc.

     9,800      329,523  

Aozora Bank Ltd.(a)

     16,400        410,019  

Asahi Kasei Corp.(a)

     73,300        721,640  

Bandai Namco Holdings, Inc.(a)

     11,600        722,350  

Brother Industries Ltd.

     17,100        309,485  

Canon Marketing Japan, Inc.

     11,400        241,976  

Casio Computer Co., Ltd.(a)

     22,000        340,967  

Chiba Bank Ltd. (The)(a)

     63,800        328,224  

Chubu Electric Power Co., Inc.(a)

     32,100        464,830  

Chugoku Electric Power Co., Inc. (The)(a)

     27,200        349,579  

Coca-Cola Bottlers Japan Holdings, Inc.(a)

     9,600        215,317  

COMSYS Holdings Corp.(a)

     9,600        271,811  

Concordia Financial Group Ltd.(a)

     107,100        410,265  

Dai Nippon Printing Co., Ltd.

     21,179        546,940  

Daicel Corp.(a)

     27,000        228,092  

Daifuku Co., Ltd.(a)

     4,300        221,615  

Daito Trust Construction Co., Ltd.(a)

     5,720        730,911  

Daiwa Securities Group, Inc.(a)

     103,800        462,358  

Dentsu, Inc.

     13,200        464,733  

Disco Corp.(a)

     1,700        321,832  

Electric Power Development Co., Ltd.

     7,300        166,500  

FamilyMart Co., Ltd.

     13,000        316,715  

Fuji Electric Co., Ltd.

     7,475        228,590  

Fujitsu Ltd.

     7,600        608,633  

Fukuoka Financial Group, Inc.(a)

     15,500        292,718  

Hakuhodo DY Holdings, Inc.(a)

     15,000        216,655  

Hankyu Hanshin Holdings, Inc.

     5,200        200,398  

Haseko Corp.(a)

     43,300        504,015  

Hikari Tsushin, Inc.

     2,100        454,296  

Hino Motors Ltd.

     41,100        338,459  

Hirose Electric Co., Ltd.(a)

     1,775        217,451  

Hitachi Chemical Co., Ltd.

     10,300        335,947  

Hitachi Construction Machinery Co., Ltd.(a)

     15,100        363,965  

Hitachi High-Technologies Corp.

     5,900        340,652  

Hitachi Metals Ltd.(a)

     27,900        301,008  

Hulic Co., Ltd.

     37,300        381,369  

Idemitsu Kosan Co., Ltd.(a)

     13,066        369,342  

IHI Corp.(a)

     10,000        217,257  

Iida Group Holdings Co., Ltd.(a)

     19,800        322,076  

Inpex Corp.(a)

     47,000        431,013  

Isuzu Motors Ltd.(a)

     43,500        479,174  

Itochu Techno-Solutions Corp.

     11,400        301,890  

J. Front Retailing Co., Ltd.

     24,300        284,203  

Japan Airlines Co., Ltd.

     17,700        526,046  

Japan Exchange Group, Inc.

     36,100        567,512  

Japan Post Insurance Co., Ltd.

     38,900        586,694  

JFE Holdings, Inc.

     66,800        803,516  

JSR Corp.(a)

     18,900        302,365  

JTEKT Corp.(a)

     28,800        330,171  

Kajima Corp.(a)

     24,076        315,667  

Kansai Electric Power Co., Inc. (The)(a)

     66,400        742,488  

Kansai Paint Co., Ltd.(a)

     9,000        209,105  

Kawasaki Heavy Industries Ltd.(a)

     11,856        262,406  

Kintetsu Group Holdings Co., Ltd.

     4,900        255,258  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International MidCap Dividend Fund (DIM)

September 30, 2019

 

 

 

Investments    Shares      Value  

Koito Manufacturing Co., Ltd.(a)

     5,400      $ 263,817  

Konami Holdings Corp.

     7,200        347,758  

Konica Minolta, Inc.(a)

     28,800        200,394  

Kose Corp.(a)

     1,200        202,637  

Kuraray Co., Ltd.(a)

     24,500        300,823  

Kyowa Kirin Co., Ltd.

     20,700        401,838  

Kyushu Electric Power Co., Inc.(a)

     23,000        217,071  

Kyushu Railway Co.

     8,300        264,571  

Lawson, Inc.

     10,600        542,383  

LIXIL Group Corp.(a)

     28,000        492,251  

Makita Corp.(a)

     10,558        332,151  

Marubeni Corp.(a)

     124,800        828,767  

Marui Group Co., Ltd.(a)

     12,400        261,826  

Mazda Motor Corp.(a)

     22,400        198,869  

Mebuki Financial Group, Inc.(a)

     130,200        320,455  

Medipal Holdings Corp.

     12,800        284,958  

MEIJI Holdings Co., Ltd.

     4,400        320,814  

MINEBEA MITSUMI, Inc.(a)

     13,400        212,143  

Mitsubishi Chemical Holdings Corp.

     136,400        971,933  

Mitsubishi Gas Chemical Co., Inc.(a)

     26,500        353,579  

Mitsubishi Heavy Industries Ltd.(a)

     17,200        673,517  

Mitsubishi Materials Corp.(a)

     10,900        293,995  

Mitsubishi Motors Corp.(a)

     109,600        475,618  

Mitsubishi Tanabe Pharma Corp.(a)

     36,400        399,112  

Mitsubishi UFJ Lease & Finance Co., Ltd.(a)

     58,000        334,879  

Mitsui Chemicals, Inc.(a)

     15,200        339,794  

Nabtesco Corp.

     8,000        247,606  

NEC Corp.(a)

     8,760        369,610  

NGK Insulators Ltd.(a)

     27,200        387,331  

NGK Spark Plug Co., Ltd.(a)

     14,900        283,731  

NH Foods Ltd.(a)

     6,200        249,262  

Nikon Corp.(a)

     31,800        396,636  

Nippon Express Co., Ltd.

     4,000        203,932  

Nippon Paint Holdings Co., Ltd.(a)

     6,800        352,977  

Nissan Chemical Corp.(a)

     6,200        257,867  

Nisshin Seifun Group, Inc.(a)

     12,400        229,241  

Nissin Foods Holdings Co., Ltd.

     5,200        375,295  

Nitori Holdings Co., Ltd.

     1,900        277,946  

Nitto Denko Corp.

     12,000        577,821  

Nomura Holdings, Inc.(a)

     129,900        550,370  

Nomura Real Estate Holdings, Inc.(a)

     12,068        260,622  

Nomura Research Institute Ltd.

     27,030        537,974  

NSK Ltd.(a)

     34,200        287,967  

Obayashi Corp.

     30,500        303,659  

Obic Co., Ltd.

     3,800        433,181  

Oji Holdings Corp.

     37,862        176,567  

Omron Corp.(a)

     7,300        399,195  

Ono Pharmaceutical Co., Ltd.

     24,100        436,398  

Oracle Corp.

     4,368        378,701  

Osaka Gas Co., Ltd.(a)

     16,600        317,485  

Otsuka Corp.

     8,000        318,668  

Park24 Co., Ltd.(a)

     10,300        239,023  

Pigeon Corp.

     4,200        173,130  

Pola Orbis Holdings, Inc.

     13,500        302,165  

Resona Holdings, Inc.(a)

     198,700      851,243  

Ricoh Co., Ltd.(a)

     31,860        286,836  

Rohm Co., Ltd.

     4,600        351,145  

Ryohin Keikaku Co., Ltd.

     12,800        239,004  

Sankyo Co., Ltd.

     9,200        316,243  

Santen Pharmaceutical Co., Ltd.

     16,800        291,931  

SBI Holdings, Inc.(a)

     17,000        363,516  

SCSK Corp.

     5,300        248,633  

Seibu Holdings, Inc.

     10,100        175,973  

Seiko Epson Corp.(a)

     20,700        291,131  

Sekisui Chemical Co., Ltd.(a)

     27,500        425,700  

Sekisui House Ltd.

     45,400        892,667  

Seven Bank Ltd.(a)

     85,400        233,897  

SG Holdings Co., Ltd.(a)

     9,400        230,053  

Sharp Corp.(a)

     23,200        256,526  

Shimadzu Corp.

     5,200        131,257  

Shimano, Inc.

     2,400        361,527  

Shimizu Corp.(a)

     60,100        543,861  

Shizuoka Bank Ltd. (The)(a)

     21,200        157,909  

Showa Denko K.K.

     11,500        300,601  

Sojitz Corp.

     123,100        381,573  

Sompo Holdings, Inc.(a)

     20,400        852,619  

Sony Financial Holdings, Inc.

     23,709        513,777  

Stanley Electric Co., Ltd.

     9,600        253,690  

SUMCO Corp.(a)

     29,800        399,815  

Sumitomo Chemical Co., Ltd.(a)

     132,000        592,366  

Sumitomo Dainippon Pharma Co., Ltd.(a)

     10,490        172,285  

Sumitomo Electric Industries Ltd.

     38,712        491,086  

Sumitomo Heavy Industries Ltd.

     9,200        272,403  

Sumitomo Metal Mining Co., Ltd.(a)

     10,600        328,274  

Sumitomo Mitsui Trust Holdings, Inc.(a)

     22,200        800,289  

Sumitomo Rubber Industries Ltd.

     27,500        326,209  

Suntory Beverage & Food Ltd.

     9,700        414,656  

Sysmex Corp.

     3,900        260,974  

T&D Holdings, Inc.

     49,151        520,730  

Taiheiyo Cement Corp.

     8,600        230,050  

Taisei Corp.

     13,175        510,177  

Taiyo Nippon Sanso Corp.(a)

     12,700        256,526  

TDK Corp.(a)

     4,900        438,427  

Teijin Ltd.(a)

     18,900        363,048  

Toho Co., Ltd.

     6,700        293,542  

Tohoku Electric Power Co., Inc.(a)

     19,600        191,149  

Tokyo Century Corp.(a)

     5,900        272,686  

Tokyo Gas Co., Ltd.(a)

     17,900        451,247  

Tokyu Corp.

     14,700        275,842  

Tokyu Fudosan Holdings Corp.(a)

     27,900        177,868  

Toray Industries, Inc.

     51,900        385,186  

Tosoh Corp.

     26,000        343,539  

TOTO Ltd.(a)

     8,300        310,650  

Toyota Tsusho Corp.

     19,200        619,126  

Trend Micro, Inc.

     9,630        457,999  

USS Co., Ltd.

     17,400        337,616  

Yamada Denki Co., Ltd.(a)

     63,200        305,839  

Yamaha Corp.(a)

     6,400        287,208  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International MidCap Dividend Fund (DIM)

September 30, 2019

 

 

 

Investments    Shares      Value  

Yamaha Motor Co., Ltd.

     29,260      $ 530,105  

Yamato Holdings Co., Ltd.(a)

     11,900        179,037  

Yaskawa Electric Corp.(a)

     9,000        330,187  

Yokogawa Electric Corp.(a)

     9,500        173,782  

Yokohama Rubber Co., Ltd. (The)

     12,700        253,941  
     

 

 

 
Total Japan               64,922,947  
Netherlands – 2.5%      

Aalberts N.V.

     8,324        329,961  

Aegon N.V.

     264,005        1,098,602  

ASR Nederland N.V.

     13,684        505,283  

Euronext N.V.(b)

     5,008        409,752  

GrandVision N.V.(b)

     6,184        185,265  

Koninklijke KPN N.V.

     295,925        923,008  

Koninklijke Vopak N.V.

     8,620        443,187  

NN Group N.V.

     30,289        1,074,505  

Randstad N.V.(a)

     14,427        709,190  

Rhi Magnesita N.V.

     3,237        161,951  

SBM Offshore N.V.

     11,557        192,141  

Signify N.V.(b)

     10,515        289,223  
     

 

 

 
Total Netherlands               6,322,068  
New Zealand – 1.1%      

Auckland International Airport Ltd.

     62,851        360,608  

Contact Energy Ltd.

     57,228        306,456  

Fisher & Paykel Healthcare Corp., Ltd.

     20,964        227,417  

Mercury NZ Ltd.

     111,818        351,278  

Meridian Energy Ltd.

     223,977        730,313  

Ryman Healthcare Ltd.

     19,035        158,628  

Spark New Zealand Ltd.

     216,499        598,683  
     

 

 

 
Total New Zealand               2,733,383  
Norway – 2.3%      

Aker ASA Class A

     6,825        363,561  

Aker BP ASA

     44,097        1,181,297  

Gjensidige Forsikring ASA

     41,131        816,423  

Leroy Seafood Group ASA

     36,583        222,495  

Mowi ASA

     48,749        1,126,180  

Norsk Hydro ASA

     109,494        385,629  

Orkla ASA

     56,802        517,385  

Salmar ASA

     12,090        530,920  

SpareBank 1 SR-Bank ASA

     24,189        263,961  

Storebrand ASA

     36,904        233,302  

Yara International ASA

     7,944        342,557  
     

 

 

 
Total Norway               5,983,710  
Portugal – 1.1%      

EDP – Energias de Portugal S.A.

     277,055        1,075,886  

Galp Energia, SGPS, S.A.

     63,646        959,273  

Jeronimo Martins, SGPS, S.A.

     24,657        416,119  

NOS, SGPS, S.A.

     59,292        323,847  
     

 

 

 
Total Portugal               2,775,125  
Singapore – 2.2%      

CapitaLand Ltd.

     202,800        517,669  

City Developments Ltd.

     36,700        260,607  

ComfortDelGro Corp., Ltd.

     208,000        360,981  

Frasers Property Ltd.

     133,100      168,432  

Genting Singapore Ltd.

     882,500        561,574  

Jardine Cycle & Carriage Ltd.

     21,311        462,311  

Keppel Corp., Ltd.

     98,100        420,662  

Olam International Ltd.

     163,300        212,553  

SATS Ltd.

     103,600        362,589  

Singapore Airlines Ltd.

     90,961        601,188  

Singapore Exchange Ltd.

     112,600        689,654  

Singapore Technologies Engineering Ltd.

     241,300        670,035  

UOL Group Ltd.

     38,900        210,970  

Venture Corp., Ltd.

     23,700        262,381  
     

 

 

 
Total Singapore               5,761,606  
Spain – 2.6%      

Acciona S.A.(a)

     3,767        398,769  

ACS Actividades de Construccion y Servicios S.A.

     21,134        844,657  

Banco de Sabadell S.A.

     242,068        234,926  

Bankia S.A.

     302,037        570,479  

Bankinter S.A.

     54,735        345,740  

Cia de Distribucion Integral Logista Holdings S.A.

     12,257        238,923  

Cie Automotive S.A.

     7,120        178,531  

Ebro Foods S.A.

     11,432        228,575  

Enagas S.A.

     27,594        639,564  

Fomento de Construcciones y Contratas S.A.

     26,147        299,877  

Gestamp Automocion S.A.(b)

     34,574        161,324  

Grupo Catalana Occidente S.A.

     7,213        229,224  

Mapfre S.A.

     285,789        769,882  

Prosegur Cash S.A.(b)

     136,331        195,892  

Red Electrica Corp. S.A.

     45,351        921,345  

Zardoya Otis S.A.

     50,946        346,023  
     

 

 

 
Total Spain               6,603,731  
Sweden – 3.1%      

Alfa Laval AB

     18,393        363,477  

Axfood AB

     21,456        456,304  

Boliden AB

     21,979        505,764  

Castellum AB

     16,411        351,850  

Electrolux AB Series B

     18,534        439,968  

Epiroc AB Class A

     24,172        262,318  

Fabege AB

     19,205        316,823  

Holmen AB Class B

     10,069        238,613  

Husqvarna AB Class B

     24,993        190,342  

ICA Gruppen AB

     12,495        577,974  

Intrum AB(a)

     9,789        246,314  

Investment AB Latour Class B

     25,736        339,233  

Kinnevik AB Class B

     12,606        331,941  

Lundin Petroleum AB

     19,119        574,222  

Securitas AB Class B

     19,600        300,614  

Skanska AB Class B

     25,303        513,155  

SKF AB Class B

     21,927        362,843  

SSAB AB Class B

     103,649        257,959  

Svenska Cellulosa AB SCA Class B(a)

     9,354        83,511  

Swedish Match AB

     9,298        384,983  

Tele2 AB Class B(a)

     35,717        532,187  

Trelleborg AB Class B

     20,800        292,152  
     

 

 

 
Total Sweden               7,922,547  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International MidCap Dividend Fund (DIM)

September 30, 2019

 

 

 

Investments    Shares      Value  
Switzerland – 3.6%      

Adecco Group AG Registered Shares

     11,910      $ 659,550  

Baloise Holding AG Registered Shares

     3,286        589,216  

BKW AG

     2,765        205,472  

Bucher Industries AG Registered Shares

     618        193,243  

Clariant AG Registered Shares*

     18,089        352,474  

Coca-Cola HBC AG*

     11,335        371,133  

DKSH Holding AG

     912        45,566  

Dufry AG Registered Shares*

     4,715        394,733  

EMS-Chemie Holding AG Registered Shares

     1,176        732,973  

Flughafen Zurich AG Registered Shares

     2,199        407,537  

Georg Fischer AG Registered Shares

     266        230,614  

Helvetia Holding AG Registered Shares

     3,429        473,523  

Julius Baer Group Ltd.*

     11,138        493,930  

Logitech International S.A. Registered Shares

     6,848        277,999  

OC Oerlikon Corp. AG Registered Shares

     4,437        44,541  

SFS Group AG

     2,367        188,952  

SIG Combibloc Group AG*

     19,971        266,373  

Sonova Holding AG Registered Shares

     1,866        434,149  

STMicroelectronics N.V.

     25,134        486,232  

Straumann Holding AG Registered Shares

     277        226,623  

Sulzer AG Registered Shares

     2,551        251,096  

Sunrise Communications Group AG*(b)

     4,498        350,268  

Swatch Group AG (The) Bearer Shares

     2,116        562,131  

Swatch Group AG (The) Registered Shares

     4,461        224,359  

VAT Group AG*(b)

     2,437        307,573  

Vifor Pharma AG

     2,013        321,890  

Vontobel Holding AG Registered Shares

     3,194        173,129  
     

 

 

 
Total Switzerland               9,265,279  
United Kingdom – 15.3%      

Admiral Group PLC

     31,781        829,487  

Antofagasta PLC

     62,641        693,960  

Ashmore Group PLC

     57,836        360,633  

Ashtead Group PLC

     13,969        389,725  

Auto Trader Group PLC(b)

     21,493        135,078  

Avast PLC(b)

     48,102        229,991  

AVEVA Group PLC

     3,494        159,309  

Babcock International Group PLC

     60,599        416,693  

Barratt Developments PLC

     134,730        1,075,860  

BBA Aviation PLC

     99,104        381,277  

Beazley PLC

     32,997        252,919  

Bellway PLC

     10,850        447,375  

British Land Co. PLC (The)

     94,950        684,256  

Britvic PLC

     21,849        264,803  

Bunzl PLC

     13,124        343,670  

Burberry Group PLC

     19,656        526,588  

Carnival PLC

     14,468        600,834  

Centrica PLC

     1,116,062        1,014,163  

Cineworld Group PLC(a)

     105,433        296,229  

CNH Industrial N.V.

     49,849        507,586  

ConvaTec Group PLC(b)

     135,964        293,545  

Croda International PLC

     4,766        285,435  

Derwent London PLC

     4,294        178,323  

Direct Line Insurance Group PLC

     134,821        498,752  

DS Smith PLC

     112,359      499,010  

easyJet PLC

     48,859        692,403  

Electrocomponents PLC

     18,897        149,920  

Evraz PLC

     264,480        1,523,995  

Fresnillo PLC(a)

     27,799        234,179  

G4S PLC

     136,177        317,498  

Hargreaves Lansdown PLC

     17,930        459,358  

Hikma Pharmaceuticals PLC

     8,390        227,458  

HomeServe PLC

     15,437        225,613  

Howden Joinery Group PLC

     32,975        227,719  

IMI PLC

     26,661        315,467  

Inchcape PLC

     36,587        284,719  

Informa PLC

     60,210        632,156  

Inmarsat PLC

     27,874        200,874  

InterContinental Hotels Group PLC

     6,519        407,693  

Intertek Group PLC

     5,417        365,677  

Investec PLC

     48,444        249,953  

ITV PLC

     561,875        871,729  

J Sainsbury PLC

     247,305        669,849  

John Wood Group PLC

     88,752        415,493  

Johnson Matthey PLC

     10,080        379,728  

Kingfisher PLC

     200,981        512,179  

Land Securities Group PLC

     73,138        771,856  

Marks & Spencer Group PLC

     156,082        354,771  

Mediclinic International PLC

     43,010        175,540  

Meggitt PLC

     46,670        365,197  

Melrose Industries PLC

     236,946        588,649  

Merlin Entertainments PLC(b)

     35,080        195,568  

Micro Focus International PLC

     34,595        484,634  

Mondi PLC

     19,306        370,660  

Next PLC

     7,163        546,036  

Pearson PLC(a)

     32,162        292,493  

Pennon Group PLC

     31,981        325,922  

Persimmon PLC

     60,837        1,626,836  

Phoenix Group Holdings PLC

     89,807        765,056  

Quilter PLC(b)

     123,076        206,797  

Rentokil Initial PLC

     55,703        321,111  

Rightmove PLC

     34,932        237,015  

RSA Insurance Group PLC

     54,709        360,146  

Sage Group PLC (The)

     50,504        430,300  

Schroders PLC

     13,633        516,598  

Schroders PLC Non-Voting Shares

     5,518        164,896  

Segro PLC

     53,913        538,671  

Severn Trent PLC

     17,008        453,761  

Smiths Group PLC

     22,416        433,685  

Spectris PLC

     6,880        207,208  

Spirax-Sarco Engineering PLC

     2,761        266,917  

SSE PLC

     149,310        2,291,653  

St. James’s Place PLC

     34,165        412,342  

Standard Life Aberdeen PLC

     368,471        1,297,722  

Tate & Lyle PLC

     38,000        344,649  

Taylor Wimpey PLC

     224,018        445,832  

TechnipFMC PLC

     23,297        559,018  

Travis Perkins PLC

     17,625        280,396  

Unite Group PLC (The)

     21,304        286,682  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree International MidCap Dividend Fund (DIM)

September 30, 2019

 

 

 

Investments    Shares      Value  

United Utilities Group PLC

     55,024      $ 559,942  

Weir Group PLC (The)

     17,254        303,091  

Whitbread PLC

     7,869        416,388  

WM Morrison Supermarkets PLC(a)

     170,588        421,062  
     

 

 

 
Total United Kingdom               39,348,261  
TOTAL COMMON STOCKS
(Cost: $247,928,866)
              255,117,588  
RIGHTS – 0.0%

 

Australia – 0.0%

 

Harvey Norman Holdings Ltd., expiring 10/11/19*(a)

     
(Cost: $0)      9,159        11,088  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 10.9%

 

United States – 10.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $27,990,857)(d)      27,990,857        27,990,857  
TOTAL INVESTMENTS IN SECURITIES – 110.3%
(Cost: $275,919,723)

 

     283,119,533  

Other Assets less Liabilities – (10.3)%

 

     (26,546,443
     

 

 

 
NET ASSETS – 100.0%

 

   $ 256,573,090  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $37,789,960 and the total market value of the collateral held by the Fund was $39,846,903. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $11,856,046.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree International Multifactor Fund (DWMF)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
Australia – 11.1%      

AGL Energy Ltd.

     5,409      $ 69,898  

ASX Ltd.

     3,756        205,369  

Aurizon Holdings Ltd.

     38,040        151,371  

BHP Group Ltd.

     4,965        122,962  

BlueScope Steel Ltd.

     5,922        47,969  

Brambles Ltd.

     13,711        105,420  

Coca-Cola Amatil Ltd.

     13,265        95,281  

Computershare Ltd.

     9,250        100,754  

Flight Centre Travel Group Ltd.

     1,990        63,887  

Fortescue Metals Group Ltd.

     10,850        64,396  

Harvey Norman Holdings Ltd.

     26,455        80,827  

Macquarie Group Ltd.

     2,182        192,904  

Medibank Pvt Ltd.

     75,122        172,265  

Newcrest Mining Ltd.

     4,161        97,522  

Orica Ltd.

     8,566        130,221  

QBE Insurance Group Ltd.

     24,094        204,102  

Ramsay Health Care Ltd.

     2,583        113,010  

REA Group Ltd.

     939        68,537  

Rio Tinto Ltd.

     1,441        90,064  

Santos Ltd.

     38,148        198,885  

Sonic Healthcare Ltd.

     6,276        118,731  

Sydney Airport

     22,069        119,522  

Telstra Corp., Ltd.

     47,500        112,448  

Wesfarmers Ltd.

     5,340        143,342  

Woolworths Group Ltd.

     6,202        155,940  
     

 

 

 
Total Australia               3,025,627  
Austria – 1.2%      

Erste Group Bank AG*

     4,282        141,634  

OMV AG

     3,566        191,428  
     

 

 

 
Total Austria

 

     333,062  
Belgium – 3.0%

 

Colruyt S.A.

     3,994        218,932  

Proximus SADP

     7,587        225,394  

Telenet Group Holding N.V.

     3,695        174,425  

UCB S.A.

     2,878        208,964  
     

 

 

 
Total Belgium               827,715  
Denmark – 3.7%      

Carlsberg A/S Class B

     1,525        225,458  

Coloplast A/S Class B

     1,965        236,711  

H. Lundbeck A/S

     4,682        155,325  

Novo Nordisk A/S Class B

     4,279        220,025  

Orsted A/S(a)

     1,801        167,410  
     

 

 

 
Total Denmark               1,004,929  
France – 6.4%      

Alstom S.A.

     4,579        189,847  

Danone S.A.

     2,803        246,972  

Engie S.A.

     12,809        209,186  

Orange S.A.

     15,905        249,604  

Peugeot S.A.

     7,433        185,407  

Publicis Groupe S.A.

     4,052        199,317  

Sanofi

     2,799        259,558  

Veolia Environnement S.A.

     8,317      210,903  
     

 

 

 
Total France               1,750,794  
Germany – 3.7%      

Deutsche Boerse AG

     1,905        297,817  

Deutsche Telekom AG Registered Shares

     13,911        233,462  

E.ON SE

     15,574        151,434  

RWE AG

     4,808        150,384  

Uniper SE

     5,029        164,972  
     

 

 

 
Total Germany               998,069  
Hong Kong – 3.7%      

CK Asset Holdings Ltd.

     14,000        94,829  

CK Hutchison Holdings Ltd.

     14,000        123,581  

CK Infrastructure Holdings Ltd.

     9,500        63,924  

Hysan Development Co., Ltd.

     20,000        80,618  

Jardine Matheson Holdings Ltd.

     2,600        139,100  

Jardine Strategic Holdings Ltd.

     4,200        125,496  

Kerry Properties Ltd.

     21,000        64,693  

NWS Holdings Ltd.

     50,000        77,429  

PCCW Ltd.

     275,000        154,349  

Swire Pacific Ltd. Class A

     8,500        79,097  
     

 

 

 
Total Hong Kong               1,003,116  
Israel – 3.8%      

Azrieli Group Ltd.

     1,785        140,200  

Bank Leumi Le-Israel BM

     32,356        230,303  

Check Point Software Technologies Ltd.*

     1,100        120,450  

Israel Chemicals Ltd.

     16,754        83,197  

Israel Discount Bank Ltd. Class A

     52,273        229,948  

Mizrahi Tefahot Bank Ltd.

     8,824        219,343  
     

 

 

 
Total Israel               1,023,441  
Italy – 3.1%      

Assicurazioni Generali SpA

     11,542        223,727  

Enel SpA

     15,952        119,145  

Eni SpA

     15,024        229,865  

Poste Italiane SpA(a)

     14,485        164,706  

Recordati SpA

     2,669        114,528  
     

 

 

 
Total Italy               851,971  
Japan – 26.3%      

ABC-Mart, Inc.

     1,500        95,350  

Aeon Mall Co., Ltd.

     7,000        110,433  

Ajinomoto Co., Inc.

     5,400        101,929  

ANA Holdings, Inc.

     4,000        134,499  

Asahi Group Holdings Ltd.

     2,000        99,005  

Astellas Pharma, Inc.

     4,800        68,330  

Bandai Namco Holdings, Inc.

     900        56,044  

Calbee, Inc.

     3,300        102,595  

Casio Computer Co., Ltd.

     5,600        86,792  

Central Japan Railway Co.

     500        102,799  

Chugai Pharmaceutical Co., Ltd.

     1,200        93,269  

Daito Trust Construction Co., Ltd.

     500        63,891  

Daiwa House Industry Co., Ltd.

     2,400        77,857  

East Japan Railway Co.

     1,300        124,016  

Fast Retailing Co., Ltd.

     100        59,412  

FUJIFILM Holdings Corp.

     2,100        92,103  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Multifactor Fund (DWMF)

September 30, 2019

 

 

 

Investments    Shares      Value  

Fukuoka Financial Group, Inc.

     7,700      $ 145,415  

Hikari Tsushin, Inc.

     300        64,899  

Hitachi Ltd.

     1,900        70,726  

Hoya Corp.

     1,000        81,601  

Hulic Co., Ltd.

     11,500        117,580  

ITOCHU Corp.

     6,100        125,923  

Japan Airlines Co., Ltd.

     3,600        106,992  

Japan Tobacco, Inc.

     4,600        100,704  

Kamigumi Co., Ltd.

     5,100        115,520  

Kao Corp.

     1,000        73,875  

KDDI Corp.

     3,200        83,646  

Keio Corp.

     1,500        93,407  

Kintetsu Group Holdings Co., Ltd.

     2,400        125,024  

Kirin Holdings Co., Ltd.

     3,900        82,565  

Konami Holdings Corp.

     1,500        72,450  

Kyushu Railway Co.

     3,900        124,316  

Marui Group Co., Ltd.

     2,400        50,676  

McDonald’s Holdings Co., Japan Ltd.

     2,900        140,338  

Medipal Holdings Corp.

     4,300        95,728  

MEIJI Holdings Co., Ltd.

     1,500        109,368  

Mitsubishi Estate Co., Ltd.

     5,100        98,343  

Mitsubishi Heavy Industries Ltd.

     2,400        93,979  

MS&AD Insurance Group Holdings, Inc.

     6,500        210,502  

Nagoya Railroad Co., Ltd.

     3,500        104,603  

NEC Corp.

     2,100        88,605  

Nexon Co., Ltd.*

     2,100        25,474  

Nintendo Co., Ltd.

     200        74,060  

Nippon Prologis REIT, Inc.

     48        131,509  

Nippon Telegraph & Telephone Corp.

     2,000        95,415  

Nomura Real Estate Holdings, Inc.

     4,700        101,502  

Nomura Research Institute Ltd.

     3,800        75,631  

NTT DOCOMO, Inc.

     4,000        101,892  

Obayashi Corp.

     8,800        87,613  

Pan Pacific International Holdings Corp.

     3,500        58,455  

Sankyo Co., Ltd.

     3,000        103,123  

Santen Pharmaceutical Co., Ltd.

     3,800        66,032  

Seibu Holdings, Inc.

     6,100        106,281  

Sekisui House Ltd.

     8,100        159,264  

Seven & I Holdings Co., Ltd.

     2,400        91,759  

SG Holdings Co., Ltd.

     3,000        73,421  

Shionogi & Co., Ltd.

     1,600        88,812  

Sohgo Security Services Co., Ltd.

     2,000        104,742  

Sony Financial Holdings, Inc.

     7,900        171,194  

Sumitomo Realty & Development Co., Ltd.

     3,600        137,005  

Suntory Beverage & Food Ltd.

     2,100        89,771  

Suzuken Co., Ltd.

     1,200        64,400  

Teijin Ltd.

     7,800        149,829  

Tobu Railway Co., Ltd.

     3,700        119,824  

Toho Co., Ltd.

     2,000        87,624  

Tokio Marine Holdings, Inc.

     3,600        192,500  

Tokyo Electric Power Co. Holdings, Inc.*

     3,500        17,132  

Tokyo Gas Co., Ltd.

     3,200        80,670  

Toyo Suisan Kaisha Ltd.

     2,500        100,162  

Toyota Tsusho Corp.

     2,000        64,492  

Trend Micro, Inc.

     1,100        52,316  

West Japan Railway Co.

     1,600        135,180  

Yamada Denki Co., Ltd.

     26,300      127,272  
     

 

 

 
Total Japan               7,179,465  
Netherlands – 1.5%      

EXOR N.V.

     2,222        148,930  

Koninklijke Ahold Delhaize N.V.

     5,522        138,191  

Koninklijke KPN N.V.

     39,322        122,648  
     

 

 

 
Total Netherlands               409,769  
New Zealand – 0.7%      

Meridian Energy Ltd.

     16,955        55,284  

Spark New Zealand Ltd.

     48,230        133,370  
     

 

 

 
Total New Zealand               188,654  
Norway – 2.1%      

Equinor ASA

     11,419        217,485  

Mowi ASA

     4,229        97,697  

Orkla ASA

     14,506        132,129  

Telenor ASA

     6,129        123,140  
     

 

 

 
Total Norway               570,451  
Portugal – 0.4%      

Jeronimo Martins, SGPS, S.A.

     5,505        92,904  
Singapore – 3.2%      

ComfortDelGro Corp., Ltd.

     71,200        123,567  

Genting Singapore Ltd.

     153,700        97,806  

Jardine Cycle & Carriage Ltd.

     5,100        110,637  

Singapore Airlines Ltd.

     24,300        160,606  

Singapore Exchange Ltd.

     37,500        229,680  

Wilmar International Ltd.

     58,900        158,867  
     

 

 

 
Total Singapore               881,163  
Spain – 4.9%      

Aena SME S.A.(a)

     932        170,699  

Banco Bilbao Vizcaya Argentaria S.A.

     43,633        227,402  

Bankinter S.A.

     35,579        224,739  

Endesa S.A.

     5,680        149,483  

Iberdrola S.A.

     13,327        138,549  

Naturgy Energy Group S.A.

     4,859        128,936  

Red Electrica Corp. S.A.

     5,653        114,846  

Telefonica S.A.

     24,065        183,676  
     

 

 

 
Total Spain

 

     1,338,330  
Sweden – 0.4%      

Essity AB Class B

     4,006        117,057  
Switzerland – 5.1%      

Chocoladefabriken Lindt & Spruengli AG

     32        236,514  

Coca-Cola HBC AG*

     4,119        134,865  

Nestle S.A. Registered Shares

     2,570        279,075  

Novartis AG Registered Shares

     2,820        244,740  

Roche Holding AG Genusschein

     911        265,356  

Sonova Holding AG Registered Shares

     987        229,639  
     

 

 

 
Total Switzerland               1,390,189  
United Kingdom – 14.8%

 

Associated British Foods PLC

     5,425        153,961  

Auto Trader Group PLC(a)

     22,518        141,519  

Aviva PLC

     53,800        264,727  

Barratt Developments PLC

     16,785        134,033  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree International Multifactor Fund (DWMF)

September 30, 2019

 

 

 

Investments    Shares      Value  

Berkeley Group Holdings PLC

     2,779      $ 143,112  

Centrica PLC

     84,434        76,725  

Coca-Cola European Partners PLC

     2,672        148,162  

Compass Group PLC

     7,529        194,188  

Diageo PLC

     3,964        162,811  

Direct Line Insurance Group PLC

     77,485        286,645  

GlaxoSmithKline PLC

     8,378        180,116  

Imperial Brands PLC

     5,356        120,665  

National Grid PLC

     11,978        130,173  

Next PLC

     1,898        144,685  

Pearson PLC

     14,164        128,813  

Persimmon PLC

     4,470        119,532  

RELX PLC

     6,336        150,887  

Rio Tinto PLC

     2,249        116,650  

Sage Group PLC (The)

     14,831        126,362  

Segro PLC

     18,963        189,468  

Smith & Nephew PLC

     7,625      184,073  

SSE PLC

     8,265        126,854  

Tesco PLC

     56,300        167,202  

Unilever N.V.

     2,478        148,989  

Unilever PLC

     2,944        177,404  

United Utilities Group PLC

     12,631        128,537  
     

 

 

 
Total United Kingdom

 

     4,046,293  
TOTAL INVESTMENTS IN SECURITIES – 99.1%
(Cost: $26,232,095)

 

     27,032,999  

Other Assets less Liabilities – 0.9%

 

     238,631  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 27,271,630  
* 

Non-income producing security.

 

(a) 

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

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    10/23/2019       29,486       AUD       20,050       USD     $     $ (148

Bank of America N.A.

    10/23/2019       4,729       CHF       4,798       USD             (47

Bank of America N.A.

    10/23/2019       32,725       DKK       4,831       USD             (45

Bank of America N.A.

    10/23/2019       30,098       EUR       33,171       USD             (306

Bank of America N.A.

    10/23/2019       19,423       GBP       24,262       USD             (307

Bank of America N.A.

    10/23/2019       11,887       ILS       3,402       USD       21        

Bank of America N.A.

    10/23/2019       36,259       NOK       4,030       USD             (38

Bank of America N.A.

    10/23/2019       1,746       NZD       1,105       USD             (9

Bank of America N.A.

    10/23/2019       6,566       SEK       679       USD             (10

Bank of America N.A.

    10/23/2019       4,258       SGD       3,094       USD             (14

Bank of America N.A.

    10/24/2019       2,399,510       JPY       22,387       USD             (153

Citibank N.A.

    10/23/2019       2,942,631       USD       4,339,396       AUD       13,721        

Citibank N.A.

    10/23/2019       3,560,789       USD       2,849,010       GBP       46,981        

Citibank N.A.

    10/23/2019       162,137       USD       258,801       NZD             (221

Citibank N.A.

    10/23/2019       454,147       USD       624,789       SGD       2,246        

Goldman Sachs

    10/23/2019       4,868,359       USD       4,411,136       EUR       51,773        

Goldman Sachs

    10/23/2019       591,402       USD       5,345,773       NOK       2,825        

Goldman Sachs

    10/23/2019       99,655       USD       965,996       SEK       1,272        

HSBC Holdings PLC

    10/23/2019       704,128       USD       697,732       CHF       3,181        

HSBC Holdings PLC

    10/23/2019       709,026       USD       4,795,645       DKK       7,597        

Morgan Stanley & Co. International

    10/24/2019       3,285,581       USD       354,078,521       JPY       4,681        

State Street Bank and Trust

    10/1/2019       4,145       USD       3,800       EUR       2        

State Street Bank and Trust

    10/1/2019       3,977       USD       430,000       JPY             (2

UBS AG

    10/23/2019       499,328       USD       1,757,116       ILS             (6,732
                                            $ 134,300     $ (8,032

 

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      53  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree International Quality Dividend Growth Fund (IQDG)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

Australia – 3.5%

 

Altium Ltd.

     1,710      $ 38,463  

ARB Corp., Ltd.(a)

     1,902        24,437  

Aristocrat Leisure Ltd.

     14,661        302,576  

Beach Energy Ltd.

     35,116        59,920  

BlueScope Steel Ltd.

     9,536        77,243  

carsales.com Ltd.

     12,015        123,903  

Cochlear Ltd.

     1,226        172,114  

Computershare Ltd.

     18,753        204,265  

Corporate Travel Management Ltd.(a)

     2,268        28,880  

CSL Ltd.

     7,353        1,158,922  

Domino’s Pizza Enterprises Ltd.(a)

     3,456        108,270  

IDP Education Ltd.

     3,516        36,922  

Invocare Ltd.(a)

     3,561        33,312  

Magellan Financial Group Ltd.

     8,289        287,576  

NIB Holdings Ltd.

     19,172        94,393  

Northern Star Resources Ltd.

     9,417        70,118  

Pendal Group Ltd.

     30,901        154,016  

Reece Ltd.

     15,246        111,464  

Regis Resources Ltd.

     22,403        74,038  

St Barbara Ltd.

     32,049        62,685  

Technology One Ltd.

     7,323        35,462  

Viva Energy Group Ltd.(b)

     59,013        77,613  

Webjet Ltd.(a)

     30        221  
     

 

 

 
Total Australia

 

     3,336,813  
Austria – 0.0%

 

S IMMO AG

     1,788        41,130  
Belgium – 0.4%

 

bpost S.A.

     33,296        349,272  
China – 2.5%

 

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     17,000        25,632  

China Overseas Land & Investment Ltd.

     468,000        1,471,567  

CSPC Pharmaceutical Group Ltd.

     136,000        273,062  

Guangdong Investment Ltd.

     284,000        555,726  
     

 

 

 
Total China

 

     2,325,987  
Denmark – 6.3%

 

Chr Hansen Holding A/S

     1,638        139,056  

Coloplast A/S Class B

     5,852        704,952  

DFDS A/S

     1,245        45,193  

DSV A/S

     972        92,508  

GN Store Nord A/S

     852        34,597  

Novo Nordisk A/S Class B

     63,809        3,281,036  

Novozymes A/S Class B

     5,704        239,869  

Orsted A/S(b)

     9,913        921,453  

Rockwool International A/S Class B

     213        42,609  

Royal Unibrew A/S

     1,598        131,787  

SimCorp A/S

     638        56,035  

Vestas Wind Systems A/S

     3,802        295,231  
     

 

 

 
Total Denmark

 

     5,984,326  
Finland – 3.0%

 

DNA Oyj

     6,148        139,949  

Kone Oyj Class B

     20,450        1,164,669  

Metsa Board Oyj(a)

     29,735      176,835  

Neste Oyj

     22,981        760,887  

Nokian Renkaat Oyj

     11,294        318,653  

Wartsila Oyj Abp

     28,554        319,856  
     

 

 

 
Total Finland

 

     2,880,849  
France – 6.0%

 

Alten S.A.

     492        56,212  

Cie Plastic Omnium S.A.

     7,419        203,499  

Gaztransport Et Technigaz S.A.

     1,890        187,194  

Hermes International

     1,100        760,305  

Ipsen S.A.

     995        94,482  

Kering S.A.

     3,783        1,928,282  

Rubis SCA

     3,966        230,455  

Safran S.A.

     8,380        1,319,677  

Sartorius Stedim Biotech

     673        94,208  

Teleperformance

     851        184,532  

Trigano S.A.

     764        61,427  

Valeo S.A.

     16,867        547,055  
     

 

 

 
Total France

 

     5,667,328  
Germany – 8.1%

 

adidas AG

     3,582        1,115,491  

Bechtle AG

     658        66,965  

CANCOM SE

     536        28,925  

CTS Eventim AG & Co. KGaA

     2,152        121,294  

Dermapharm Holding SE

     1,228        48,316  

Deutsche Wohnen SE Bearer Shares

     10,510        383,728  

Fuchs Petrolub SE

     3,045        110,711  

Hochtief AG

     4,560        519,999  

Hugo Boss AG

     4,607        246,858  

Infineon Technologies AG

     29,786        536,189  

MTU Aero Engines AG

     1,017        270,309  

Nemetschek SE

     1,002        51,145  

NORMA Group SE

     1,437        49,850  

SAP SE

     22,773        2,678,350  

Siemens Healthineers AG(b)

     26,561        1,045,196  

Siltronic AG

     3,544        269,298  

Sixt SE

     990        94,924  

Wirecard AG

     204        32,637  
     

 

 

 
Total Germany

 

     7,670,185  
Hong Kong – 1.2%

 

Galaxy Entertainment Group Ltd.

     120,000        746,230  

Melco International Development Ltd.

     12,000        28,533  

Techtronic Industries Co., Ltd.

     39,500        274,858  

Vitasoy International Holdings Ltd.

     12,000        48,601  
     

 

 

 
Total Hong Kong

 

     1,098,222  
Ireland – 0.4%

 

Hibernia REIT PLC

     24,132        38,674  

Kerry Group PLC Class A

     1,598        186,932  

Kingspan Group PLC

     2,273        111,015  
     

 

 

 
Total Ireland

 

     336,621  
Israel – 0.4%

 

Israel Chemicals Ltd.

     69,595        345,592  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Quality Dividend Growth Fund (IQDG)

September 30, 2019

 

 

 

Investments    Shares      Value  
Italy – 1.6%

 

Amplifon SpA

     3,059      $ 75,036  

Brunello Cucinelli SpA

     1,095        34,118  

De’ Longhi SpA

     4,275        80,628  

DiaSorin SpA

     763        88,756  

Ferrari N.V.

     2,071        319,592  

Freni Brembo SpA(a)

     10,509        102,425  

IMA Industria Macchine Automatiche SpA(a)

     1,509        105,616  

Interpump Group SpA

     1,540        48,688  

Moncler SpA

     4,176        148,873  

Recordati SpA

     7,258        311,443  

Reply SpA

     504        29,588  

Salvatore Ferragamo SpA

     3,995        73,845  

Technogym SpA(b)

     5,616        62,450  
     

 

 

 
Total Italy

 

     1,481,058  
Japan – 19.2%

 

Advantest Corp.(a)

     9,600        424,150  

Ain Holdings, Inc.

     400        23,280  

Asahi Intecc Co., Ltd.

     1,400        36,750  

Astellas Pharma, Inc.

     72,200        1,027,802  

Bandai Namco Holdings, Inc.(a)

     8,100        504,400  

Benefit One, Inc.(a)

     2,800        52,904  

Chugai Pharmaceutical Co., Ltd.

     9,300        722,831  

Daifuku Co., Ltd.(a)

     2,600        134,000  

Daito Trust Construction Co., Ltd.(a)

     4,700        600,574  

Disco Corp.(a)

     900        170,382  

Elecom Co., Ltd.

     1,100        43,155  

en-japan, Inc.(a)

     1,000        38,261  

Fast Retailing Co., Ltd.

     1,000        594,124  

Funai Soken Holdings, Inc.

     1,000        22,743  

GMO Payment Gateway, Inc.(a)

     400        26,759  

Harmonic Drive Systems, Inc.(a)

     1,300        56,535  

Haseko Corp.(a)

     31,600        367,826  

Hikari Tsushin, Inc.

     900        194,698  

Hoya Corp.

     6,000        489,604  

Infocom Corp.(a)

     700        16,335  

Japan Lifeline Co., Ltd.(a)

     1,900        30,449  

Japan Material Co., Ltd.

     1,300        15,998  

JINS Holdings, Inc.

     400        23,724  

Kakaku.com, Inc.(a)

     5,200        127,889  

Kaken Pharmaceutical Co., Ltd.

     1,800        83,442  

Kao Corp.

     10,100        746,134  

Keyence Corp.

     500        309,507  

Kobe Bussan Co., Ltd.(a)

     700        33,939  

Konami Holdings Corp.

     5,000        241,499  

Kose Corp.(a)

     800        135,091  

Kotobuki Spirits Co., Ltd.

     300        19,681  

Lasertec Corp.

     700        43,784  

M3, Inc.(a)

     2,700        65,005  

Mani, Inc.(a)

     900        23,659  

Maruwa Unyu Kikan Co., Ltd.(a)

     600        14,884  

McDonald’s Holdings Co., Japan Ltd.

     1,100        53,232  

Meitec Corp.

     1,800        88,106  

Miroku Jyoho Service Co., Ltd.

     400        10,911  

Mixi, Inc.(a)

     5,800      121,984  

MonotaRO Co., Ltd.(a)

     1,700        44,452  

Murata Manufacturing Co., Ltd.

     19,300        925,936  

Nidec Corp.(a)

     3,000        403,053  

Nihon M&A Center, Inc.(a)

     2,100        59,070  

Nintendo Co., Ltd.

     4,400        1,629,313  

Nippon Shinyaku Co., Ltd.

     1,000        84,108  

Nissan Chemical Corp.(a)

     3,700        153,889  

Obic Co., Ltd.

     1,300        148,193  

Open House Co., Ltd.

     3,600        85,740  

Oracle Corp.

     2,600        225,418  

Outsourcing, Inc.

     2,900        27,585  

Pigeon Corp.

     2,500        103,053  

Pilot Corp.

     1,000        37,011  

Recruit Holdings Co., Ltd.

     19,000        577,691  

Relo Group, Inc.

     1,800        44,103  

Round One Corp.

     1,700        25,404  

SCSK Corp.

     2,700        126,662  

Seria Co., Ltd.(a)

     2,100        50,967  

Shimano, Inc.

     1,200        180,763  

Shin-Etsu Chemical Co., Ltd.

     12,900        1,379,820  

Shionogi & Co., Ltd.

     6,900        383,004  

Showa Denko K.K.

     8,400        219,570  

Sysmex Corp.(a)

     2,400        160,600  

Systena Corp.(a)

     1,400        20,804  

TechnoPro Holdings, Inc.

     900        53,296  

Toei Animation Co., Ltd.

     900        40,847  

Tokai Carbon Co., Ltd.(a)

     6,700        67,387  

Tokuyama Corp.(a)

     1,900        43,547  

Tokyo Electron Ltd.(a)

     12,000        2,283,414  

Tosho Co., Ltd.

     400        8,809  

Trend Micro, Inc.

     6,200        294,869  

Ulvac, Inc.

     2,400        96,378  

United Arrows Ltd.

     1,200        35,087  

Universal Entertainment Corp.(a)

     1,600        51,668  

USS Co., Ltd.(a)

     10,400        201,793  

Workman Co., Ltd.

     800        58,034  

ZOZO, Inc.(a)

     5,500        126,819  
     

 

 

 
Total Japan

 

     18,194,188  
Kazakhstan – 0.0%

 

KAZ Minerals PLC

     7,889        42,124  
Netherlands – 3.5%

 

ASM International N.V.

     1,479        136,216  

ASML Holding N.V.

     7,288        1,805,587  

Corbion N.V.

     1,701        49,402  

Euronext N.V.(b)

     2,364        193,421  

Koninklijke DSM N.V.

     5,452        656,192  

TKH Group N.V. CVA

     1,555        77,575  

Wolters Kluwer N.V.

     6,041        441,124  
     

 

 

 
Total Netherlands

 

     3,359,517  
New Zealand – 0.3%

 

Fisher & Paykel Healthcare Corp., Ltd.

     14,125        153,228  

Mainfreight Ltd.

     2,402        60,096  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International Quality Dividend Growth Fund (IQDG)

September 30, 2019

 

 

 

Investments    Shares      Value  

Ryman Healthcare Ltd.

     13,034      $ 108,619  
     

 

 

 
Total New Zealand

 

     321,943  
Norway – 3.4%

 

Borregaard ASA

     3,378        36,063  

DNO ASA

     38,955        56,250  

Grieg Seafood ASA

     5,232        64,033  

Mowi ASA

     35,547        821,193  

Salmar ASA

     9,947        436,812  

Telenor ASA

     89,955        1,807,327  
     

 

 

 
Total Norway

 

     3,221,678  
Portugal – 0.4%

 

Altri, SGPS, S.A.

     7,597        50,480  

Jeronimo Martins, SGPS, S.A.

     19,822        334,522  
     

 

 

 
Total Portugal

 

     385,002  
Singapore – 0.8%

 

First Resources Ltd.

     42,100        48,709  

SATS Ltd.

     56,500        197,744  

Sheng Siong Group Ltd.

     68,200        54,742  

Singapore Technologies Engineering Ltd.

     159,000        441,507  
     

 

 

 
Total Singapore

 

     742,702  
Spain – 6.1%

 

Amadeus IT Group S.A.

     10,433        747,503  

Cie Automotive S.A.

     4,307        107,996  

Ence Energia y Celulosa S.A.(a)

     24,458        93,058  

Faes Farma S.A.

     12,661        64,667  

Grifols S.A.

     10,124        298,446  

Industria de Diseno Textil S.A.

     141,390        4,377,671  

Prosegur Cash S.A.(b)

     76,783        110,328  
     

 

 

 
Total Spain

 

     5,799,669  
Sweden – 2.7%

 

AAK AB

     4,055        78,711  

AddTech AB Class B

     1,462        38,066  

Alfa Laval AB

     14,975        295,931  

Atlas Copco AB Class B

     13,081        354,959  

Beijer Ref AB

     2,395        54,515  

Bonava AB Class B

     5,651        64,084  

Epiroc AB Class A

     13,445        145,907  

Epiroc AB Class B

     5,948        61,524  

Evolution Gaming Group AB(b)

     3,561        70,118  

Fagerhult AB

     4,803        26,037  

Hexpol AB

     12,771        98,132  

Indutrade AB

     2,775        77,898  

Lifco AB Class B

     1,213        57,269  

Loomis AB Class B

     2,893        101,807  

Mycronic AB

     3,538        43,865  

Nolato AB Class B

     913        48,797  

Paradox Interactive AB

     301        4,066  

Sandvik AB

     46,350        722,911  

Sectra AB Class B*

     620        20,494  

Sweco AB Class B

     3,383        96,203  

Thule Group AB(b)

     3,920        74,316  

Vitrolife AB

     171        2,800  
     

 

 

 
Total Sweden

 

     2,538,410  
Switzerland – 6.9%

 

Givaudan S.A. Registered Shares

     277      773,372  

Kuehne + Nagel International AG Registered Shares

     7,469        1,101,081  

Logitech International S.A. Registered Shares

     4,168        169,203  

Partners Group Holding AG

     1,136        872,435  

Roche Holding AG Bearer Shares

     5,854        1,695,467  

Schindler Holding AG Participation Certificate

     990        221,600  

Schindler Holding AG Registered Shares

     1,832        408,969  

SFS Group AG

     1,310        104,574  

SGS S.A. Registered Shares

     317        786,499  

Sonova Holding AG Registered Shares

     1,039        241,737  

Straumann Holding AG Registered Shares

     141        115,357  

Temenos AG Registered Shares*

     435        72,853  
     

 

 

 
Total Switzerland

 

     6,563,147  
United Kingdom – 23.0%

 

Abcam PLC

     1,638        23,112  

Ashmore Group PLC

     24,361        151,901  

Ashtead Group PLC

     8,433        235,274  

Barratt Developments PLC

     78,854        629,673  

Brewin Dolphin Holdings PLC

     19,676        76,814  

British American Tobacco PLC

     98,079        3,634,946  

Compass Group PLC

     30,954        798,366  

Countryside Properties PLC(b)

     19,941        82,566  

Cranswick PLC

     981        35,638  

Croda International PLC

     2,251        134,812  

Diageo PLC

     51,798        2,127,476  

Diploma PLC

     2,294        47,011  

Diversified Gas & Oil PLC

     42,032        56,976  

Domino’s Pizza Group PLC

     18,407        57,819  

Dunelm Group PLC

     6,309        65,151  

Electrocomponents PLC

     9,427        74,790  

Euromoney Institutional Investor PLC

     3,412        62,228  

Evraz PLC

     150,572        867,631  

FDM Group Holdings PLC

     3,372        30,708  

Ferrexpo PLC

     18,020        35,785  

Fresnillo PLC

     18,562        156,366  

Games Workshop Group PLC

     841        48,916  

Greggs PLC

     1,636        42,135  

Halma PLC

     3,089        75,028  

Hargreaves Lansdown PLC

     9,946        254,812  

Hays PLC

     89,338        166,017  

Hill & Smith Holdings PLC

     2,160        33,272  

HomeServe PLC

     5,553        81,158  

Howden Joinery Group PLC

     14,041        96,964  

Intertek Group PLC

     2,979        201,098  

JD Sports Fashion PLC

     3,106        28,760  

John Laing Group PLC(b)

     13,160        59,517  

Marshalls PLC

     6,044        49,306  

Moneysupermarket.com Group PLC

     15,871        74,007  

Next PLC

     3,941        300,423  

NMC Health PLC(a)

     1,566        52,297  

Pagegroup PLC

     16,054        86,888  

RELX PLC

     37,562        894,509  

Renishaw PLC

     1,008        45,513  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree International Quality Dividend Growth Fund (IQDG)

September 30, 2019

 

 

 

Investments    Shares      Value  

Rightmove PLC

     11,684      $ 79,276  

Rio Tinto PLC

     59,724        3,097,734  

Rotork PLC

     15,806        60,673  

Safestore Holdings PLC

     6,285        51,775  

Softcat PLC

     6,061        74,839  

Spirax-Sarco Engineering PLC

     920        88,940  

SSP Group PLC

     9,243        70,619  

Unilever N.V.

     68,473        4,116,906  

Unilever PLC

     33,327        2,008,267  

Unite Group PLC (The)

     7,087        95,368  

WH Smith PLC

     2,845        69,662  
     

 

 

 
Total United Kingdom

 

     21,789,722  

TOTAL COMMON STOCKS

(Cost: $94,010,578)

 

 

     94,475,485  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.1%

 

United States – 3.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $2,976,020)(d)      2,976,020        2,976,020  

TOTAL INVESTMENTS IN SECURITIES – 102.8%

(Cost: $96,986,598)

 

 

     97,451,505  

Other Assets less Liabilities – (2.8)%

 

     (2,661,471
     

 

 

 
NET ASSETS – 100.0%

 

   $ 94,790,034  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,601,498 and the total market value of the collateral held by the Fund was $3,788,538. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $812,518.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%

 

Australia – 10.0%

 

Accent Group Ltd.

     1,490,562      $ 1,714,052  

ALS Ltd.

     627,990        3,396,853  

Altium Ltd.

     46,929        1,055,569  

AMA Group Ltd.

     150,253        123,126  

Ansell Ltd.

     146,687        2,711,754  

AP Eagers Ltd.(a)

     316,192        3,032,495  

ARB Corp., Ltd.(a)

     16,291        209,311  

ARQ Group Ltd.(a)

     687,843        173,968  

AUB Group Ltd.

     71,889        566,311  

Australian Pharmaceutical Industries Ltd.(a)

     1,201,089        1,093,600  

Bank of Queensland Ltd.(a)

     1,065,870        7,131,248  

Bapcor Ltd.(a)

     454,553        2,256,379  

Blackmores Ltd.(a)

     22,962        1,326,437  

Breville Group Ltd.

     115,607        1,255,335  

Brickworks Ltd.

     207,090        2,465,208  

Capitol Health Ltd.

     3,994,508        633,112  

carsales.com Ltd.

     306,009        3,155,668  

Cedar Woods Properties Ltd.

     134,309        628,658  

Corporate Travel Management Ltd.(a)

     96,334        1,226,680  

Costa Group Holdings Ltd.(a)

     447,698        1,132,312  

Credit Corp. Group Ltd.

     86,970        1,767,919  

CSR Ltd.(a)

     1,240,231        3,571,742  

Data#3 Ltd.

     447,739        896,873  

Domino’s Pizza Enterprises Ltd.(a)

     105,762        3,313,332  

ERM Power Ltd.

     358,889        585,767  

Estia Health Ltd.

     691,386        1,193,741  

Event Hospitality and Entertainment Ltd.(a)

     295,604        2,689,502  

FlexiGroup Ltd.(a)

     719,569        1,237,549  

G8 Education Ltd.(a)

     802,778        1,402,313  

Genworth Mortgage Insurance Australia Ltd.(a)

     1,069,573        2,452,669  

GUD Holdings Ltd.

     196,336        1,332,133  

GWA Group Ltd.(a)

     657,400        1,503,069  

Healius Ltd.

     717,199        1,557,561  

HT&E Ltd.(a)

     340,639        425,026  

Infomedia Ltd.

     451,536        618,213  

Inghams Group Ltd.(a)

     758,472        1,611,387  

Integral Diagnostics Ltd.

     437,307        964,459  

Integrated Research Ltd.(a)

     288,784        601,840  

Invocare Ltd.(a)

     146,354        1,369,086  

IOOF Holdings Ltd.(a)

     1,264,286        5,448,737  

IPH Ltd.

     286,336        1,682,069  

IRESS Ltd.

     222,532        1,738,004  

IVE Group Ltd.

     32,410        45,904  

Japara Healthcare Ltd.(a)

     1,054,120        842,477  

JB Hi-Fi Ltd.(a)

     226,192        5,186,875  

Jupiter Mines Ltd.(a)

     9,993,974        2,628,769  

Link Administration Holdings Ltd.

     730,715        2,809,134  

Lovisa Holdings Ltd.(a)

     135,870        1,173,876  

McMillan Shakespeare Ltd.

     181,324        1,998,283  

Metcash Ltd.(a)

     1,415,143        2,853,784  

Mineral Resources Ltd.(a)

     247,595        2,234,332  

Monadelphous Group Ltd.

     149,528        1,588,374  

Monash IVF Group Ltd.

     737,790      529,946  

MyState Ltd.

     101,811        313,806  

Navigator Global Investments Ltd.

     437,353        985,209  

New Hope Corp., Ltd.

     1,817,654        2,697,016  

NIB Holdings Ltd.

     535,008        2,634,103  

Nick Scali Ltd.(a)

     285,931        1,446,346  

Nine Entertainment Co. Holdings Ltd.(a)

     2,380,653        3,139,009  

OFX Group Ltd.

     498,788        536,570  

Orora Ltd.

     1,912,649        3,728,059  

OZ Minerals Ltd.

     365,895        2,371,535  

Peet Ltd.

     463,602        359,578  

Pendal Group Ltd.

     830,831        4,141,015  

Perpetual Ltd.(a)

     123,052        3,107,235  

Platinum Asset Management Ltd.(a)

     1,414,049        4,043,710  

Premier Investments Ltd.

     290,251        3,789,908  

Regis Healthcare Ltd.(a)

     816,974        1,603,433  

Regis Resources Ltd.

     659,349        2,179,019  

Reliance Worldwide Corp., Ltd.(a)

     698,516        1,898,589  

Sandfire Resources NL

     307,097        1,358,717  

SG Fleet Group Ltd.

     653,193        1,022,067  

Sigma Healthcare Ltd.

     3,128,874        1,266,161  

Sims Metal Management Ltd.(a)

     391,301        2,744,694  

SmartGroup Corp., Ltd.

     262,875        2,164,784  

Southern Cross Media Group Ltd.

     2,348,231        1,955,949  

Spark Infrastructure Group

     4,008,873        5,840,173  

St Barbara Ltd.

     864,560        1,690,997  

Steadfast Group Ltd.

     805,349        1,928,245  

Super Retail Group Ltd.

     404,592        2,706,940  

Tassal Group Ltd.

     64,492        186,166  

Technology One Ltd.

     195,778        948,065  
     

 

 

 
Total Australia

 

     157,929,919  
Austria – 1.3%

 

EVN AG

     180,457        3,175,290  

Oesterreichische Post AG(a)

     153,964        5,404,819  

Palfinger AG

     14,812        389,975  

Porr AG(a)

     74,011        1,524,980  

S IMMO AG

     72,534        1,668,516  

UNIQA Insurance Group AG

     677,339        6,117,933  

Wienerberger AG

     104,140        2,536,337  
     

 

 

 
Total Austria

 

     20,817,850  
Belgium – 1.3%

 

Bekaert S.A.

     70,834        2,032,515  

bpost S.A.(a)

     859,532        9,016,407  

D’ieteren S.A./N.V.

     61,717        3,347,372  

Econocom Group S.A./N.V.(a)

     375,702        941,239  

Euronav N.V.

     142,658        1,300,195  

Greenyard N.V.(a)

     117,157        364,015  

Ontex Group N.V.(a)

     90,073        1,621,242  

Orange Belgium S.A.

     73,668        1,521,125  
     

 

 

 
Total Belgium

 

     20,144,110  
China – 2.0%

 

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     611,000        921,247  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  

China Agri-Industries Holdings Ltd.

     4,615,900      $ 1,501,460  

China Overseas Grand Oceans Group Ltd.

     5,521,900        2,507,585  

China Power International Development Ltd.

     23,316,800        4,848,124  

China South City Holdings Ltd.

     14,372,200        1,704,996  

China Traditional Chinese Medicine Holdings Co., Ltd.

     6,053,900        2,780,065  

CITIC Telecom International Holdings Ltd.

     7,955,822        2,892,325  

CPMC Holdings Ltd.(a)

     1,384,009        556,118  

Dah Chong Hong Holdings Ltd.

     7,007,600        2,216,859  

Genertec Universal Medical Group Co., Ltd.(a)(b)

     2,806,700        1,883,211  

Guotai Junan International Holdings Ltd.(a)

     12,458,000        2,113,572  

Hua Hong Semiconductor Ltd.(a)(b)

     945,600        1,881,695  

Poly Property Group Co., Ltd.

     6,233,600        2,170,795  

Shougang Fushan Resources Group Ltd.

     14,320,000        2,959,206  

Xiwang Special Steel Co., Ltd.

     9,638,500        872,941  
     

 

 

 
Total China

 

     31,810,199  
Denmark – 1.3%

 

Alm Brand A/S

     310,645        2,442,595  

DFDS A/S(a)

     37,192        1,350,057  

FLSmidth & Co. A/S

     72,111        3,139,862  

Matas A/S

     142,330        1,049,516  

Ringkjoebing Landbobank A/S

     31,649        1,987,146  

Scandinavian Tobacco Group A/S Class A(b)

     261,483        3,060,190  

Schouw & Co. A/S

     24,670        1,724,744  

Spar Nord Bank A/S

     292,866        2,638,490  

Sydbank A/S(a)

     170,045        2,999,385  
     

 

 

 
Total Denmark

 

     20,391,985  
Finland – 2.6%

 

Aktia Bank Oyj

     174,484        1,601,673  

Cargotec Oyj Class B(a)

     76,523        2,462,717  

Citycon Oyj(a)

     434,347        4,557,678  

Cramo Oyj

     86,826        929,538  

Finnair Oyj

     180,600        1,263,050  

Fiskars Oyj Abp

     44,781        606,347  

Kemira Oyj

     230,234        3,388,514  

Konecranes Oyj

     113,136        3,628,688  

Lassila & Tikanoja Oyj

     95,256        1,408,180  

Metsa Board Oyj(a)

     731,904        4,352,663  

Oriola Oyj Class B

     33,595        76,547  

Outokumpu Oyj(a)

     797,879        2,102,422  

Raisio Oyj Class V

     276,700        983,406  

Sanoma Oyj

     298,952        3,337,394  

Terveystalo Oyj*(b)

     113,880        1,114,885  

Tieto Oyj(a)

     137,005        3,510,027  

Tokmanni Group Corp.

     175,250        1,948,787  

Uponor Oyj

     171,312        1,822,820  

YIT Oyj(a)

     436,099        2,510,297  
     

 

 

 
Total Finland

 

     41,605,633  
France – 3.1%

 

Beneteau S.A.

     85,451        898,981  

Coface S.A.

     475,220        5,398,443  

Derichebourg S.A.

     290,968        1,016,351  

Elior Group S.A.(b)

     219,182      2,912,827  

Europcar Mobility Group(b)

     167,937        931,902  

Interparfums S.A.

     27,452        1,176,177  

IPSOS

     68,320        1,947,716  

Jacquet Metal Service S.A.(a)

     50,006        845,006  

Kaufman & Broad S.A.

     58,607        2,334,663  

Maisons du Monde S.A.(b)

     50,822        803,389  

Manitou BF S.A.

     41,760        819,481  

Metropole Television S.A.

     264,840        4,345,364  

Nexity S.A.

     126,544        6,026,016  

Quadient SAS

     51,053        1,057,502  

Rallye S.A.(a)

     119,482        979,550  

Rothschild & Co.

     90,987        2,608,803  

Sopra Steria Group

     16,970        2,114,629  

SPIE S.A.

     206,350        4,132,566  

Tarkett S.A.

     77,130        1,141,062  

Television Francaise 1

     325,684        2,860,014  

Trigano S.A.

     18,988        1,526,678  

Vicat S.A.

     55,855        2,423,546  
     

 

 

 
Total France

 

     48,300,666  
Georgia – 0.1%

 

Bank of Georgia Group PLC

     91,186        1,501,243  
Germany – 4.5%

 

Aareal Bank AG

     174,654        5,310,473  

alstria office REIT-AG

     234,661        4,026,723  

AURELIUS Equity Opportunities SE & Co. KGaA

     46,932        1,937,117  

Aurubis AG

     67,144        2,993,163  

BayWa AG

     63,875        1,807,068  

Bilfinger SE

     63,765        1,863,045  

Borussia Dortmund GmbH & Co. KGaA

     7,389        74,352  

CropEnergies AG

     165,216        1,134,746  

Dermapharm Holding SE

     56,193        2,210,931  

Deutsche Pfandbriefbank AG(b)

     426,599        5,204,225  

Deutz AG

     51,427        298,270  

DIC Asset AG

     138,230        1,769,198  

Duerr AG

     83,526        2,168,139  

Elmos Semiconductor AG

     9,350        248,209  

Encavis AG

     238,935        2,214,139  

Freenet AG

     406,464        8,370,669  

Gerresheimer AG

     22,569        1,618,991  

Hamburger Hafen und Logistik AG

     76,369        1,903,266  

Indus Holding AG

     48,663        1,989,465  

Jenoptik AG

     22,373        554,652  

Kloeckner & Co. SE

     277,010        1,680,609  

Krones AG

     31,432        1,900,114  

MLP SE

     229,350        1,187,677  

NORMA Group SE

     44,004        1,526,506  

PATRIZIA AG

     60,210        1,119,178  

Pfeiffer Vacuum Technology AG

     9,672        1,313,834  

Salzgitter AG

     60,306        1,012,482  

Siltronic AG

     87,708        6,664,662  

Software AG

     58,880        1,618,254  

Takkt AG

     116,345        1,542,366  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Wacker Neuson SE

     79,169      $ 1,380,960  

Wuestenrot & Wuerttembergische AG

     110,514        2,168,682  
     

 

 

 
Total Germany

 

     70,812,165  
Hong Kong – 0.6%

 

Dah Sing Banking Group Ltd.

     1,516,000        2,038,248  

Dah Sing Financial Holdings Ltd.

     509,829        1,885,991  

Hongkong & Shanghai Hotels Ltd. (The)

     1,329,370        1,293,861  

Kowloon Development Co., Ltd.

     1,200,000        1,429,701  

Television Broadcasts Ltd.

     1,285,500        2,095,657  
     

 

 

 
Total Hong Kong

 

     8,743,458  
Ireland – 0.7%

 

C&C Group PLC

     428,927        1,940,607  

Grafton Group PLC

     222,898        2,087,546  

Greencore Group PLC

     620,358        1,727,695  

Hibernia REIT PLC

     827,393        1,325,975  

Hostelworld Group PLC(b)

     354,091        495,689  

Irish Continental Group PLC

     217,326        990,362  

Origin Enterprises PLC

     170,200        950,027  

UDG Healthcare PLC

     170,889        1,580,451  
     

 

 

 
Total Ireland

 

     11,098,352  
Israel – 2.4%

 

Ashtrom Group Ltd.

     226,477        2,309,859  

Delek Automotive Systems Ltd.

     291,018        1,169,665  

Delek Group Ltd.

     30,319        3,538,874  

Electra Consumer Products 1970 Ltd.

     13,092        221,439  

First International Bank of Israel Ltd.

     170,775        4,548,202  

Fox Wizel Ltd.

     20,121        718,979  

Gazit-Globe Ltd.

     438,652        4,420,847  

Gilat Satellite Networks Ltd.

     130,253        1,108,863  

Harel Insurance Investments & Financial Services Ltd.

     367,388        3,193,162  

Inrom Construction Industries Ltd.

     502,837        2,003,652  

Matrix IT Ltd.

     95,682        1,630,211  

Maytronics Ltd.

     59,371        505,951  

Mehadrin Ltd.*

     3,532        141,564  

Menora Mivtachim Holdings Ltd.

     17,792        268,994  

Naphtha Israel Petroleum Corp., Ltd.

     247,825        1,379,658  

Paz Oil Co., Ltd.

     24,198        3,536,620  

Phoenix Holdings Ltd. (The)

     657,781        4,172,873  

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

     19,360        1,096,164  

Shapir Engineering and Industry Ltd.

     138,969        694,485  

Shufersal Ltd.

     236,893        1,727,047  
     

 

 

 
Total Israel

 

     38,387,109  
Italy – 4.0%

 

Anima Holding SpA(b)

     927,718        3,535,848  

Ascopiave SpA

     399,096        1,685,991  

ASTM SpA

     69,929        2,236,781  

Autogrill SpA

     246,546        2,388,150  

Azimut Holding SpA(a)

     382,598        7,182,605  

Banca Farmafactoring SpA(b)

     764,683        3,989,050  

Banca IFIS SpA

     183,644        3,065,195  

Banca Popolare di Sondrio SCPA

     622,149      1,139,488  

BPER Banca

     654,229        2,529,150  

Brunello Cucinelli SpA

     28,038        873,606  

Cementir Holding SpA

     187,220        1,255,259  

Cerved Group SpA

     294,965        2,572,566  

CIR-Compagnie Industriali Riunite SpA

     1,145,950        1,161,862  

Credito Emiliano SpA

     582,341        3,139,423  

Datalogic SpA(a)

     56,494        811,137  

doValue SpA(b)

     128,504        1,426,168  

El.En. SpA(a)

     3,796        99,073  

Fincantieri SpA(a)

     352,965        374,797  

Gamenet Group SpA(b)

     71,824        851,931  

Gima TT SpA(a)(b)

     175,921        1,401,978  

Immobiliare Grande Distribuzione SIIQ SpA

     338,595        2,074,546  

La Doria SpA

     69,066        678,415  

Maire Tecnimont SpA(a)

     577,690        1,453,573  

MARR SpA

     71,283        1,562,026  

Piaggio & C. SpA

     536,577        1,587,625  

RAI Way SpA(b)

     319,848        1,858,562  

Rizzoli Corriere Della Sera Mediagroup SpA(a)

     1,318,223        1,363,833  

Saras SpA

     2,111,453        3,613,992  

Societa Cattolica di Assicurazioni SC

     321,631        2,736,761  

Technogym SpA(b)

     140,295        1,560,086  

Tod’s SpA(a)

     26,958        1,325,471  

Zignago Vetro SpA

     133,157        1,480,711  
     

 

 

 
Total Italy

 

     63,015,659  
Japan – 26.1%

 

Achilles Corp.

     50,000        780,939  

ADEKA Corp.(a)

     108,801        1,349,002  

Aeon Hokkaido Corp.

     98,500        684,464  

Ahresty Corp.(a)

     126,200        648,078  

Ai Holdings Corp.

     36,700        626,523  

Aica Kogyo Co., Ltd.(a)

     63,000        1,853,713  

Akatsuki, Inc.(a)

     9,500        587,185  

Amano Corp.

     49,200        1,497,738  

Amuse, Inc.(a)

     28,400        711,347  

AOI TYO Holdings, Inc.

     83,200        481,147  

AOKI Holdings, Inc.(a)

     195,500        1,879,477  

Aoyama Trading Co., Ltd.

     98,001        1,706,573  

Arakawa Chemical Industries Ltd.(a)

     64,300        872,802  

Ariake Japan Co., Ltd.

     12,800        997,233  

Artnature, Inc.

     169,300        1,079,322  

Asahi Holdings, Inc.(a)

     53,400        1,099,870  

Asahi Yukizai Corp.(a)

     47,600        569,482  

Asia Pile Holdings Corp.(a)

     118,600        565,154  

Asics Corp.(a)

     109,200        1,864,205  

Ateam, Inc.(a)

     52,300        544,898  

Autobacs Seven Co., Ltd.

     105,903        1,732,468  

Axial Retailing, Inc.

     17,300        629,091  

Baroque Japan Ltd.(a)

     94,100        886,364  

BayCurrent Consulting, Inc.

     12,000        527,967  

Benesse Holdings, Inc.

     76,600        1,988,800  

Bic Camera, Inc.

     164,600        1,731,670  

BML, Inc.

     26,600        715,240  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Broadleaf Co., Ltd.(a)

     121,900      $ 656,450  

Cawachi Ltd.

     27,500        530,280  

Chubu Shiryo Co., Ltd.

     72,000        778,126  

Chugoku Bank Ltd. (The)(a)

     171,500        1,610,664  

Citizen Watch Co., Ltd.(a)

     245,807        1,200,889  

Cleanup Corp.

     155,400        775,023  

CMK Corp.(a)

     77,400        413,230  

Cocokara fine, Inc.

     9,300        500,819  

Computer Engineering & Consulting Ltd.

     19,500        364,108  

Comture Corp.

     28,400        534,495  

CONEXIO Corp.(a)

     48,900        614,898  

Cosmo Energy Holdings Co., Ltd.

     77,600        1,597,594  

Credit Saison Co., Ltd.

     199,100        2,669,405  

Dai Nippon Toryo Co., Ltd.

     95,100        930,981  

Daido Metal Co., Ltd.(a)

     109,400        645,822  

Daido Steel Co., Ltd.(a)

     47,891        1,876,645  

Daiichikosho Co., Ltd.

     43,700        2,017,701  

Daiken Medical Co., Ltd.

     117,300        557,874  

Daikoku Denki Co., Ltd.

     73,000        1,048,309  

Daishi Hokuetsu Financial Group, Inc.

     54,640        1,374,152  

Daitron Co., Ltd.

     36,300        440,672  

Denka Co., Ltd.

     87,600        2,408,139  

Dexerials Corp.(a)

     82,000        606,986  

DIC Corp.

     104,400        2,896,055  

Digital Arts, Inc.

     5,900        389,785  

Digital Garage, Inc.(a)

     21,400        680,167  

DKS Co., Ltd.(a)

     11,300        298,406  

DMG Mori Co., Ltd.

     133,600        1,892,589  

Dowa Holdings Co., Ltd.

     59,300        2,024,677  

DyDo Group Holdings, Inc.(a)

     22,700        925,223  

Ebara Corp.

     72,800        1,937,965  

Eiken Chemical Co., Ltd.

     35,600        537,912  

Elecom Co., Ltd.

     20,200        792,487  

Elematec Corp.

     73,000        670,729  

EM Systems Co., Ltd.(a)

     31,300        587,337  

Enplas Corp.

     16,600        537,590  

ESPEC Corp.

     25,000        434,652  

Exedy Corp.

     60,370        1,178,074  

Feed One Co., Ltd.

     492,300        737,938  

Ferrotec Holdings Corp.(a)

     98,300        764,935  

Financial Products Group Co., Ltd.(a)

     165,900        1,657,849  

First Juken Co., Ltd.

     88,900        1,106,366  

FJ Next Co., Ltd.(a)

     64,800        624,167  

France Bed Holdings Co., Ltd.(a)

     109,300        1,021,448  

FTGroup Co., Ltd.(a)

     36,100        467,638  

Fudo Tetra Corp.(a)

     16,720        187,351  

Fuji Corp., Ltd.(a)

     146,500        938,034  

Fuji Oil Holdings, Inc.(a)

     47,400        1,372,769  

Fuji Pharma Co., Ltd.

     63,500        773,810  

Fuji Soft, Inc.

     16,100        680,051  

Fujibo Holdings, Inc.

     41,000        1,141,892  

Fujicco Co., Ltd.(a)

     50,300        907,099  

Fujimi, Inc.(a)

     21,141        496,077  

Fujitec Co., Ltd.

     117,800        1,517,257  

Fukui Computer Holdings, Inc.

     20,600      468,515  

Furukawa Electric Co., Ltd.

     61,900        1,488,578  

Furuno Electric Co., Ltd.(a)

     32,400        282,104  

Furyu Corp.

     93,900        798,465  

Futaba Industrial Co., Ltd.

     110,600        768,546  

Future Corp.

     27,300        475,145  

Fuyo General Lease Co., Ltd.(a)

     36,500        2,188,480  

Gakujo Co., Ltd.

     50,200        664,224  

GLOBERIDE, Inc.(a)

     12,700        327,738  

Glory Ltd.

     64,177        1,799,272  

Grandy House Corp.

     215,700        896,130  

GS Yuasa Corp.

     86,200        1,489,108  

Gunma Bank Ltd. (The)

     525,700        1,702,475  

H-One Co., Ltd.(a)

     72,400        424,720  

H2O Retailing Corp.(a)

     157,900        1,725,467  

Hachijuni Bank Ltd. (The)(a)

     500,400        2,037,252  

Hakuto Co., Ltd.(a)

     66,900        725,485  

Hanwa Co., Ltd.

     71,800        1,962,500  

Harima Chemicals Group, Inc.(a)

     78,500        883,965  

Hazama Ando Corp.

     236,400        1,758,645  

Heiwa Corp.(a)

     91,819        1,890,329  

Heiwado Co., Ltd.

     33,500        628,619  

Hinokiya Group Co., Ltd.

     24,400        433,477  

Hioki EE Corp.

     10,900        367,620  

Hiroshima Bank Ltd. (The)

     398,900        1,970,970  

Hochiki Corp.

     56,700        774,887  

Hogy Medical Co., Ltd.

     28,800        823,428  

Hokuhoku Financial Group, Inc.

     175,900        1,700,814  

Hokuto Corp.

     65,000        1,193,245  

Honeys Holdings Co., Ltd.

     93,800        1,266,289  

Horiba Ltd.

     27,600        1,593,560  

Ibiden Co., Ltd.(a)

     63,700        1,281,957  

Ichibanya Co., Ltd.

     9,000        423,040  

Ichikoh Industries Ltd.

     64,800        483,264  

Ichinen Holdings Co., Ltd.(a)

     43,800        440,938  

Imasen Electric Industrial

     109,400        888,764  

Inaba Denki Sangyo Co., Ltd.

     37,600        1,642,119  

Inageya Co., Ltd.(a)

     43,900        636,921  

Ines Corp.

     65,000        701,874  

Infocom Corp.

     20,800        485,381  

Infomart Corp.(a)

     23,300        363,055  

Information Services International-Dentsu Ltd.

     22,100        690,146  

Innotech Corp.

     50,900        409,272  

Intage Holdings, Inc.

     90,000        777,793  

IR Japan Holdings Ltd.

     15,000        532,963  

Iriso Electronics Co., Ltd.(a)

     12,200        584,742  

Iseki & Co., Ltd.(a)

     55,300        750,637  

Itfor, Inc.

     70,500        534,906  

Itochu Enex Co., Ltd.

     222,801        1,692,525  

Itoham Yonekyu Holdings, Inc.

     243,800        1,529,460  

Itoki Corp.

     189,600        784,189  

Iwaki Co., Ltd.

     47,300        425,405  

Iyo Bank Ltd. (The)(a)

     321,600        1,681,277  

Japan Cash Machine Co., Ltd.(a)

     39,700        336,481  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Japan Lifeline Co., Ltd.

     46,300      $ 742,000  

Japan Meat Co., Ltd.

     26,500        552,191  

Japan Steel Works Ltd. (The)(a)

     79,900        1,534,790  

Japan Transcity Corp.(a)

     189,900        829,357  

JBCC Holdings, Inc.(a)

     40,100        569,544  

Jeol Ltd.(a)

     23,100        547,817  

JVCKenwood Corp.

     281,400        830,595  

K’s Holdings Corp.

     189,102        2,057,682  

Kaga Electronics Co., Ltd.

     45,200        808,435  

Kagome Co., Ltd.

     69,100        1,744,843  

Kaken Pharmaceutical Co., Ltd.

     45,400        2,104,594  

Kameda Seika Co., Ltd.(a)

     19,900        875,545  

Kandenko Co., Ltd.

     223,800        2,000,377  

Kaneka Corp.

     57,000        1,774,740  

Kanematsu Corp.

     158,500        1,780,421  

Kansai Mirai Financial Group, Inc.

     335,600        2,108,465  

Kasai Kogyo Co., Ltd.

     128,400        917,185  

Kato Sangyo Co., Ltd.

     23,000        712,931  

Ki-Star Real Estate Co., Ltd.(a)

     51,800        919,291  

King Jim Co., Ltd.(a)

     143,700        1,116,891  

Koa Corp.(a)

     41,100        505,027  

Koatsu Gas Kogyo Co., Ltd.

     114,900        854,773  

Kobe Steel Ltd.

     334,800        1,784,361  

Koei Tecmo Holdings Co., Ltd.

     96,300        2,091,289  

Kokusai Pulp & Paper Co., Ltd.(a)

     316,900        903,125  

Kokuyo Co., Ltd.

     106,000        1,479,047  

Kondotec, Inc.

     107,800        914,667  

Kotobuki Spirits Co., Ltd.

     12,100        793,791  

Kumagai Gumi Co., Ltd.

     51,700        1,470,992  

Kurabo Industries Ltd.

     52,695        1,099,001  

Kusuri no Aoki Holdings Co., Ltd.

     3,900        265,593  

Kyokuyo Co., Ltd.(a)

     37,100        953,632  

KYORIN Holdings, Inc.

     93,090        1,540,948  

Kyosan Electric Manufacturing Co., Ltd.(a)

     148,100        504,287  

Kyowa Exeo Corp.(a)

     97,000        2,351,515  

Kyudenko Corp.

     68,600        2,285,080  

Kyushu Financial Group, Inc.(a)

     446,500        1,817,812  

LAC Co., Ltd.(a)

     23,100        282,351  

LEC, Inc.(a)

     43,800        396,358  

Life Corp.(a)

     27,800        554,071  

LIFULL Co., Ltd.(a)

     68,600        446,225  

Link And Motivation, Inc.(a)

     78,700        401,965  

Lintec Corp.

     90,130        1,782,168  

Mabuchi Motor Co., Ltd.

     77,000        2,867,684  

Maeda Road Construction Co., Ltd.

     104,200        2,265,741  

Mani, Inc.(a)

     39,900        1,048,863  

Marubun Corp.

     90,800        457,886  

Marudai Food Co., Ltd.

     54,500        1,153,287  

Maruha Nichiro Corp.

     33,000        831,756  

Marusan Securities Co., Ltd.(a)

     273,100        1,258,421  

Maruwa Co., Ltd.(a)

     9,500        609,160  

Marvelous, Inc.

     110,100        848,608  

Matsui Securities Co., Ltd.(a)

     559,540        4,701,016  

Max Co., Ltd.

     31,147        521,927  

Maxell Holdings Ltd.(a)

     32,300      461,151  

MCJ Co., Ltd.

     82,000        515,938  

Meiko Electronics Co., Ltd.(a)

     29,400        405,058  

Meiko Network Japan Co., Ltd.(a)

     111,000        902,790  

Meitec Corp.

     34,900        1,708,267  

Meiwa Estate Co., Ltd.

     187,500        933,380  

Menicon Co., Ltd.

     19,500        683,831  

Micronics Japan Co., Ltd.(a)

     54,300        434,099  

Mimasu Semiconductor Industry Co., Ltd.

     60,400        969,083  

Ministop Co., Ltd.(a)

     40,400        519,976  

Miraca Holdings, Inc.(a)

     66,200        1,508,068  

Miroku Jyoho Service Co., Ltd.

     16,400        447,349  

Misawa Homes Co., Ltd.

     62,800        642,091  

Mitsuba Corp.

     97,700        569,521  

Mitsubishi Logistics Corp.(a)

     55,000        1,397,964  

Mitsubishi Research Institute, Inc.

     19,100        633,574  

Mitsui Mining & Smelting Co., Ltd.

     46,064        1,088,146  

Mitsui OSK Lines Ltd.(a)

     74,700        1,886,940  

Mixi, Inc.

     98,000        2,061,106  

Morito Co., Ltd.

     127,900        932,549  

Morningstar Japan K.K.(a)

     286,860        971,462  

MOS Food Services, Inc.(a)

     18,900        432,650  

MTI Ltd.(a)

     77,800        506,789  

Musashino Bank Ltd. (The)(a)

     27,245        472,675  

NAC Co., Ltd.(a)

     101,900        909,864  

Nagaileben Co., Ltd.

     42,400        897,628  

Nagase & Co., Ltd.

     122,900        1,712,583  

Nakabayashi Co., Ltd.(a)

     193,000        928,614  

Nakanishi, Inc.

     48,200        759,515  

NEC Networks & System Integration Corp.

     41,201        1,117,373  

NHK Spring Co., Ltd.(a)

     195,100        1,487,508  

Nichias Corp.

     97,900        1,731,990  

Nichiban Co., Ltd.(a)

     28,500        420,083  

Nichiha Corp.

     13,301        363,062  

NichiiGakkan Co., Ltd.

     53,100        869,646  

Nifco, Inc.

     75,200        1,795,894  

Nihon Chouzai Co., Ltd.

     11,400        391,867  

Nihon Flush Co., Ltd.(a)

     18,600        442,992  

Nihon House Holdings Co., Ltd.

     188,900        910,635  

Nihon Parkerizing Co., Ltd.

     34,301        371,654  

Nihon Tokushu Toryo Co., Ltd.(a)

     47,800        496,687  

Nikkiso Co., Ltd.

     43,700        465,810  

Nikkon Holdings Co., Ltd.

     72,000        1,638,862  

Nippo Corp.

     87,500        1,618,436  

Nippon Air Conditioning Services Co., Ltd.(a)

     155,600        990,542  

Nippon Chemical Industrial Co., Ltd.(a)

     22,900        496,246  

Nippon Electric Glass Co., Ltd.

     79,100        1,759,486  

Nippon Kayaku Co., Ltd.(a)

     142,199        1,697,309  

Nippon Light Metal Holdings Co., Ltd.

     804,900        1,444,836  

Nippon Paper Industries Co., Ltd.(a)

     30,838        501,911  

Nippon Pillar Packing Co., Ltd.

     93,200        1,040,011  

Nippon Piston Ring Co., Ltd.

     48,500        567,236  

Nippon Shokubai Co., Ltd.(a)

     27,600        1,568,022  

Nippon Signal Co., Ltd.

     53,200        593,654  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Nippon Steel Trading Corp.(a)

     55,673      $ 2,176,437  

Nipro Corp.(a)

     124,391        1,396,126  

Nishi-Nippon Financial Holdings, Inc.

     214,900        1,505,244  

Nishimatsu Construction Co., Ltd.

     95,500        1,776,128  

Nissei Plastic Industrial Co., Ltd.(a)

     111,300        1,030,870  

Nissha Co., Ltd.(a)

     45,900        454,859  

Nisshin Fudosan Co.

     227,400        967,883  

Nisshinbo Holdings, Inc.

     230,192        1,793,400  

Nisso Corp.

     26,900        276,280  

Noevir Holdings Co., Ltd.

     29,300        1,529,049  

Nohmi Bosai Ltd.

     27,000        515,392  

NOK Corp.(a)

     148,800        2,205,668  

North Pacific Bank Ltd.

     630,600        1,336,178  

NS Tool Co., Ltd.(a)

     39,300        709,091  

NTN Corp.(a)

     814,400        2,336,007  

Ohara, Inc.(a)

     22,000        303,715  

Oki Electric Industry Co., Ltd.

     71,700        975,903  

OKUMA Corp.(a)

     33,100        1,791,672  

Okumura Corp.(a)

     68,400        1,825,899  

Okuwa Co., Ltd.(a)

     47,600        534,247  

Open House Co., Ltd.(a)

     70,600        1,681,466  

Optex Group Co., Ltd.

     30,500        453,232  

Osaka Organic Chemical Industry Ltd.

     95,800        949,357  

Osaki Electric Co., Ltd.(a)

     87,900        535,981  

OSG Corp.

     88,900        1,837,637  

Pasona Group, Inc.

     40,700        584,845  

Penta-Ocean Construction Co., Ltd.

     330,600        1,829,274  

Pepper Food Service Co., Ltd.(a)

     28,100        407,427  

Qol Holdings Co., Ltd.

     27,000        358,501  

Quick Co., Ltd.(a)

     48,100        603,058  

Resorttrust, Inc.

     116,600        1,885,883  

Restar Holdings Corp.(a)

     31,000        502,253  

Riken Keiki Co., Ltd.(a)

     28,200        541,690  

Riken Technos Corp.(a)

     218,100        922,246  

Riso Kagaku Corp.

     43,300        659,867  

Rock Field Co., Ltd.(a)

     72,800        972,687  

Roland DG Corp.

     27,200        502,599  

Ryoden Corp.

     45,500        634,032  

Ryosan Co., Ltd.(a)

     37,086        941,605  

S Foods, Inc.

     26,200        722,909  

Saizeriya Co., Ltd.

     5,201        133,640  

Sakai Chemical Industry Co., Ltd.(a)

     33,800        789,058  

Sakata Seed Corp.

     35,500        1,212,075  

San-A Co., Ltd.

     14,500        639,301  

San-In Godo Bank Ltd. (The)

     222,887        1,352,893  

Sanei Architecture Planning Co., Ltd.

     52,300        715,722  

Sanken Electric Co., Ltd.(a)

     24,600        484,602  

Sanoh Industrial Co., Ltd.(a)

     134,200        761,181  

Sanshin Electronics Co., Ltd.(a)

     35,700        497,471  

Sanwa Holdings Corp.

     220,600        2,465,740  

Satori Electric Co., Ltd.(a)

     51,000        380,347  

Sawai Pharmaceutical Co., Ltd.(a)

     32,500        1,678,001  

SCREEN Holdings Co., Ltd.

     32,700        1,927,356  

Seika Corp.(a)

     91,000        1,115,660  

Seino Holdings Co., Ltd.

     139,800      1,748,874  

Senko Group Holdings Co., Ltd.(a)

     169,300        1,317,430  

Senshu Ikeda Holdings, Inc.

     619,000        1,071,043  

SFP Holdings Co., Ltd.(a)

     55,600        1,111,228  

Shibaura Mechatronics Corp.

     15,900        423,853  

Shikoku Electric Power Co., Inc.(a)

     204,500        1,928,156  

Shindengen Electric Manufacturing Co., Ltd.

     23,800        766,357  

Shinmaywa Industries Ltd.(a)

     118,600        1,384,901  

Shoei Foods Corp.(a)

     9,400        284,414  

Showa Sangyo Co., Ltd.(a)

     41,000        1,162,757  

Siix Corp.(a)

     43,700        593,180  

SKY Perfect JSAT Holdings, Inc.

     518,900        2,098,166  

Sogo Medical Holdings Co., Ltd.

     24,700        404,525  

Solasto Corp.(a)

     65,800        739,736  

Sotetsu Holdings, Inc.

     63,400        1,656,055  

Space Co., Ltd.

     95,300        1,111,062  

Space Value Holdings Co., Ltd.

     103,900        478,762  

Sprix Ltd.(a)

     27,400        357,981  

SRA Holdings

     33,600        743,661  

ST Corp.(a)

     33,400        488,909  

Star Mica Holdings Co., Ltd.(a)

     24,400        423,317  

Stella Chemifa Corp.(a)

     18,600        452,630  

Sumida Corp.(a)

     29,000        268,332  

Sumitomo Forestry Co., Ltd.(a)

     172,000        2,285,376  

Sumitomo Osaka Cement Co., Ltd.(a)

     35,900        1,536,317  

Sun-Wa Technos Corp.(a)

     78,000        622,845  

Systena Corp.

     32,900        488,896  

T-Gaia Corp.

     104,400        2,104,905  

T. RAD Co., Ltd.

     43,800        713,688  

Tachi-S Co., Ltd.(a)

     68,600        830,246  

Tachibana Eletech Co., Ltd.

     39,400        597,881  

Taiho Kogyo Co., Ltd.(a)

     106,100        755,929  

Takara Bio, Inc.

     46,600        949,032  

Takara Printing Co., Ltd.(a)

     62,600        967,310  

Takasago Thermal Engineering Co., Ltd.(a)

     100,901        1,667,446  

Takashimaya Co., Ltd.

     158,500        1,846,417  

Tamura Corp.

     90,100        481,034  

TDC Soft, Inc.

     89,000        653,861  

TechMatrix Corp.

     17,900        385,080  

TechnoPro Holdings, Inc.

     24,200        1,433,079  

THK Co., Ltd.

     127,700        3,347,436  

Toa Corp.

     52,300        591,354  

Toda Corp.

     377,300        2,167,969  

Toho Bank Ltd. (The)

     202,172        475,149  

Tokai Carbon Co., Ltd.(a)

     118,700        1,193,864  

Tokai Corp.

     33,600        733,402  

Tokai Rika Co., Ltd.

     97,522        1,647,700  

Tokai Tokyo Financial Holdings, Inc.(a)

     543,600        1,498,892  

Tokyo Electron Device Ltd.

     30,400        570,167  

Tokyo Ohka Kogyo Co., Ltd.

     37,000        1,372,843  

Tokyo Seimitsu Co., Ltd.

     54,300        1,595,212  

Tokyo Tatemono Co., Ltd.

     191,400        2,688,366  

Topcon Corp.(a)

     56,300        746,499  

Torishima Pump Manufacturing Co., Ltd.

     114,500        1,034,023  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Toshiba Plant Systems & Services Corp.

     84,000      $ 1,400,583  

Tow Co., Ltd.

     102,600        699,664  

Toyo Ink SC Holdings Co., Ltd.

     74,900        1,697,941  

Toyo Kanetsu K.K.

     52,000        927,171  

Toyo Tire Corp.(a)

     96,100        1,214,644  

Toyoda Gosei Co., Ltd.

     100,000        2,001,388  

Toyota Boshoku Corp.

     180,100        2,517,984  

Transcosmos, Inc.

     29,100        701,416  

TS Tech Co., Ltd.

     58,900        1,787,573  

Tsubakimoto Chain Co.

     53,500        1,710,317  

Tsukui Corp.

     102,100        403,393  

Tsumura & Co.(a)

     62,801        1,679,342  

Ube Industries Ltd.

     110,500        2,227,893  

Uchida Yoko Co., Ltd.

     22,800        824,872  

Ulvac, Inc.

     39,300        1,578,182  

UMC Electronics Co., Ltd.

     24,400        156,910  

Uniden Holdings Corp.

     33,900        584,369  

United Super Markets Holdings, Inc.(a)

     67,500        600,833  

UNITED, Inc.(a)

     32,600        358,049  

Universal Entertainment Corp.

     34,000        1,097,941  

V Technology Co., Ltd.(a)

     14,800        718,945  

Vital KSK Holdings, Inc.(a)

     109,000        1,055,961  

Wacoal Holdings Corp.

     69,368        1,782,419  

Wacom Co., Ltd.(a)

     115,400        374,790  

Warabeya Nichiyo Holdings Co., Ltd.(a)

     53,000        966,088  

Weathernews, Inc.

     34,100        1,047,532  

Wellnet Corp.

     75,500        496,697  

West Holdings Corp.(a)

     41,400        509,480  

WIN-Partners Co., Ltd.

     57,000        597,030  

World Holdings Co., Ltd.(a)

     37,100        538,263  

Wowow, Inc.

     29,600        717,302  

YAMADA Consulting Group Co., Ltd.(a)

     25,100        392,031  

Yamaguchi Financial Group, Inc.(a)

     263,300        1,807,713  

Yamaichi Electronics Co., Ltd.(a)

     58,100        655,859  

Yamatane Corp.

     38,100        477,682  

Yaoko Co., Ltd.

     15,600        697,182  

Yokohama Reito Co., Ltd.(a)

     63,700        610,035  

Yorozu Corp.

     58,200        700,608  

Yuasa Trading Co., Ltd.

     23,048        656,839  

Yushin Precision Equipment Co., Ltd.

     71,500        623,206  

Zeon Corp.(a)

     130,200        1,586,615  
     

 

 

 
Total Japan

 

     411,473,971  
Morocco – 0.1%

 

Vivo Energy PLC(b)

     593,539        914,272  
Netherlands – 1.8%

 

Arcadis N.V.(a)

     102,469        1,914,738  

BE Semiconductor Industries N.V.

     218,529        6,844,643  

Brunel International N.V.(a)

     23,821        271,643  

Corbion N.V.

     44,847        1,302,488  

ForFarmers N.V.

     171,873        1,084,907  

Intertrust N.V.(b)

     122,318        2,392,318  

Koninklijke BAM Groep N.V.(a)

     452,559        1,130,826  

Koninklijke Volkerwessels N.V.

     175,098        3,100,083  

Ordina N.V.

     320,917      588,471  

PostNL N.V.(a)

     2,132,472        4,737,985  

Sligro Food Group N.V.(a)

     47,341        1,339,309  

TKH Group N.V. CVA

     44,456        2,217,801  

Van Lanschot Kempen N.V.

     99,815        2,192,689  
     

 

 

 
Total Netherlands

 

     29,117,901  
New Zealand – 2.9%

 

Air New Zealand Ltd.

     3,708,587        6,511,315  

Chorus Ltd.

     755,178        2,391,349  

EBOS Group Ltd.

     179,958        2,821,067  

Freightways Ltd.

     287,260        1,462,626  

Genesis Energy Ltd.

     2,488,581        5,336,790  

Heartland Group Holdings Ltd.(a)

     1,503,059        1,526,839  

Infratil Ltd.

     1,104,600        3,407,786  

Kathmandu Holdings Ltd.

     801,672        1,533,200  

Kiwi Property Group Ltd.

     3,006,959        3,148,808  

Mainfreight Ltd.

     69,641        1,742,369  

New Zealand King Salmon Investments Ltd.

     306,852        459,864  

New Zealand Refining Co., Ltd. (The)

     117,004        153,338  

Port of Tauranga Ltd.

     562,839        2,279,916  

Scales Corp., Ltd.

     34,263        106,349  

SKYCITY Entertainment Group Ltd.

     1,799,317        4,524,330  

Tourism Holdings Ltd.

     400,908        1,063,377  

Trustpower Ltd.(a)

     502,440        2,605,505  

Z Energy Ltd.

     1,185,769        4,163,805  
     

 

 

 
Total New Zealand

 

     45,238,633  
Norway – 3.2%

 

AF Gruppen ASA(a)

     132,666        2,642,822  

Atea ASA*

     199,008        2,562,631  

Austevoll Seafood ASA

     299,628        2,844,272  

Borregaard ASA

     107,503        1,147,683  

DNO ASA

     1,214,920        1,754,329  

Elkem ASA(b)

     2,396,954        5,840,728  

Entra ASA(b)

     247,612        3,886,162  

Europris ASA(b)

     540,312        1,496,184  

Evry A/S(b)

     512,348        1,891,852  

Fjordkraft Holding ASA(b)

     303,707        1,758,208  

Grieg Seafood ASA

     135,837        1,662,465  

Kitron ASA

     606,430        618,047  

Kongsberg Gruppen ASA

     172,031        2,470,853  

Kvaerner ASA

     1,178,125        1,510,591  

Ocean Yield ASA(a)

     530,566        2,989,779  

Selvaag Bolig ASA

     266,977        1,513,250  

SpareBank 1 Nord Norge

     271,145        2,026,287  

SpareBank 1 SMN

     286,788        3,109,044  

TGS Nopec Geophysical Co. ASA

     149,736        3,805,220  

Veidekke ASA

     292,290        3,284,501  

Wallenius Wilhelmsen ASA

     378,868        880,667  

XXL ASA*(a)(b)

     506,118        1,262,238  
     

 

 

 
Total Norway

 

     50,957,813  
Portugal – 1.3%

 

Altri, SGPS, S.A.

     373,592        2,482,432  

Corticeira Amorim, SGPS, S.A.

     147,086        1,598,721  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Navigator Co. S.A. (The)(a)

     2,087,872      $ 7,470,481  

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

     1,322,281        3,690,369  

Semapa-Sociedade de Investimento e Gestao

     137,034        1,747,915  

Sonae, SGPS, S.A.

     2,930,421        2,731,507  
     

 

 

 
Total Portugal

 

     19,721,425  
Singapore – 2.9%

 

Accordia Golf Trust

     4,745,871        1,836,026  

AEM Holdings Ltd.(a)

     433,800        354,468  

Best World International Ltd.

     786,000        766,164  

Bukit Sembawang Estates Ltd.

     396,600        1,390,925  

China Aviation Oil Singapore Corp., Ltd.

     1,498,300        1,256,800  

Chip Eng Seng Corp., Ltd.

     167,360        75,638  

CSE Global Ltd.

     1,938,800        651,921  

First Resources Ltd.

     1,412,000        1,633,668  

GuocoLand Ltd.

     1,009,400        1,467,130  

Hi-P International Ltd.(a)

     1,005,200        821,373  

Hong Leong Finance Ltd.

     1,088,100        2,037,876  

Hutchison Port Holdings Trust

     22,408,700        3,495,757  

Keppel Infrastructure Trust

     9,259,982        3,548,912  

NetLink NBN Trust

     7,963,000        5,124,789  

Oxley Holdings Ltd.

     6,317,300        1,438,968  

Raffles Medical Group Ltd.

     1,954,800        1,399,416  

Riverstone Holdings Ltd.

     1,139,800        787,121  

SBS Transit Ltd.

     425,182        1,260,573  

Sheng Siong Group Ltd.

     1,309,600        1,051,165  

SIA Engineering Co., Ltd.

     1,141,100        2,128,887  

Singapore Post Ltd.

     3,198,900        2,255,353  

StarHub Ltd.

     5,646,500        5,308,012  

Tuan Sing Holdings Ltd.

     200        49  

UMS Holdings Ltd.(a)

     59        26  

Wing Tai Holdings Ltd.

     1,450,800        2,150,654  

Yanlord Land Group Ltd.

     3,971,800        3,360,334  
     

 

 

 
Total Singapore

 

     45,602,005  
Spain – 2.4%

 

Acerinox S.A.

     339,221        2,902,337  

Applus Services S.A.

     11,700        151,788  

Atresmedia Corp. de Medios de Comunicacion S.A.(a)

     825,349        3,179,877  

Bolsas y Mercados Espanoles SHMSF S.A.(a)

     237,976        6,013,852  

Construcciones y Auxiliar de Ferrocarriles S.A.

     32,224        1,463,189  

Ence Energia y Celulosa S.A.(a)

     606,462        2,307,465  

Euskaltel S.A.(b)

     233,941        2,078,596  

Faes Farma S.A.

     377,880        1,930,055  

Liberbank S.A.

     2,644,690        809,614  

Mediaset Espana Comunicacion S.A.

     553,597        3,569,285  

Melia Hotels International S.A.

     237,984        1,847,285  

Metrovacesa S.A.(b)

     178,556        1,720,810  

Prosegur Cia de Seguridad S.A.

     675,913        2,635,084  

Sacyr S.A.(a)

     1,058,536        2,711,937  

Unicaja Banco S.A.(b)

     2,888,785        2,299,028  

Viscofan S.A.

     57,258        2,684,174  
     

 

 

 
Total Spain

 

     38,304,376  
Sweden – 5.1%

 

AddTech AB Class B

     55,330      1,440,629  

AF Poyry AB Class B

     103,077        2,075,766  

Ahlstrom-Munksjo Oyj(a)

     137,018        2,097,253  

Atrium Ljungberg AB Class B

     168,981        3,738,080  

Avanza Bank Holding AB

     190,168        1,551,184  

Beijer Ref AB(a)

     72,998        1,661,585  

Betsson AB*

     325,753        1,578,712  

Bilia AB Class A

     241,412        1,918,843  

BillerudKorsnas AB(a)

     147,373        1,596,317  

BioArctic AB(a)(b)

     70,740        444,277  

BioGaia AB Class B

     7,751        341,348  

Bonava AB Class B

     161,491        1,831,364  

Bravida Holding AB(b)

     221,007        1,940,975  

Clas Ohlson AB Class B

     163,804        1,573,541  

Cloetta AB Class B

     401,247        1,153,282  

Coor Service Management Holding AB(b)

     188,927        1,637,137  

Dios Fastigheter AB

     281,278        2,457,426  

Dometic Group AB(b)

     247,922        1,947,136  

Duni AB

     6,720        76,686  

Dustin Group AB(a)(b)

     161,682        1,294,982  

Fagerhult AB(a)

     271,043        1,469,322  

Granges AB

     113,916        1,164,400  

Hemfosa Fastigheter AB

     313,429        3,178,234  

Hexpol AB(a)

     365,978        2,812,166  

HIQ International AB*

     15,013        74,361  

JM AB(a)

     142,166        3,637,960  

KNOW IT AB

     4,043        75,579  

Kungsleden AB

     311,302        2,830,551  

Loomis AB Class B

     85,428        3,006,269  

Mycronic AB

     82,469        1,022,459  

NCC AB Class B(a)

     165,872        2,766,741  

NetEnt AB*

     602,744        1,860,557  

Nobia AB

     463,172        2,689,861  

Nobina AB(b)

     246,160        1,540,980  

Nolato AB Class B

     29,688        1,586,738  

Peab AB

     541,190        4,813,501  

Platzer Fastigheter Holding AB Class B

     34,076        333,407  

Resurs Holding AB(b)

     558,055        3,311,840  

Rottneros AB

     154,633        159,160  

Scandi Standard AB

     38,477        269,632  

Scandic Hotels Group AB(b)

     233,951        1,877,385  

SkiStar AB

     122,283        1,564,582  

Thule Group AB(b)

     116,377        2,206,300  

Wihlborgs Fastigheter AB

     185,097        3,012,110  
     

 

 

 
Total Sweden

 

     79,620,618  
Switzerland – 1.8%

 

Allreal Holding AG Registered Shares*

     22,602        4,347,454  

Ascom Holding AG Registered Shares

     64,609        669,967  

Bobst Group S.A. Registered Shares(a)

     19,480        1,001,203  

Cembra Money Bank AG

     49,133        5,124,437  

Daetwyler Holding AG Bearer Shares

     12,400        2,019,516  

EFG International AG*

     546,378        3,391,746  

Galenica AG*(b)

     59,739        3,432,828  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Huber + Suhner AG Registered Shares

     19,770      $ 1,272,862  

Implenia AG Registered Shares(a)

     9,130        343,170  

Landis+Gyr Group AG*

     27,644        2,479,823  

Mobilezone Holding AG Registered Shares*

     126,420        1,246,260  

Valiant Holding AG Registered Shares

     23,792        2,366,912  
     

 

 

 
Total Switzerland

 

     27,696,178  
United Kingdom – 17.2%

 

A.G. Barr PLC

     102,692        732,709  

Aggreko PLC

     336,748        3,447,607  

Arrow Global Group PLC

     408,874        1,093,366  

Ascential PLC(b)

     299,700        1,399,723  

Balfour Beatty PLC

     725,035        1,983,482  

BCA Marketplace PLC

     1,439,299        4,182,261  

Big Yellow Group PLC

     201,941        2,585,570  

Bodycote PLC

     402,156        3,550,807  

Bovis Homes Group PLC

     468,008        6,424,728  

Brewin Dolphin Holdings PLC

     705,926        2,755,882  

Card Factory PLC

     1,051,045        2,173,349  

Central Asia Metals PLC

     540,026        1,384,186  

Charter Court Financial Services Group PLC(b)

     414,747        1,546,055  

Chesnara PLC

     300,641        1,042,901  

Clarkson PLC

     37,684        1,137,730  

Close Brothers Group PLC

     276,787        4,805,881  

CMC Markets PLC(b)

     941,411        1,229,706  

Coats Group PLC

     1,106,251        1,013,563  

Computacenter PLC

     103,729        1,652,780  

Concentric AB

     21,907        267,372  

Costain Group PLC

     16        31  

Countryside Properties PLC(b)

     728,383        3,015,889  

Cranswick PLC

     44,128        1,603,090  

Crest Nicholson Holdings PLC

     824,175        3,849,240  

Daily Mail & General Trust PLC Class A Non-Voting Shares

     350,118        3,675,956  

Dart Group PLC

     8,366        94,331  

De La Rue PLC

     279,934        770,991  

Devro PLC

     350,470        819,716  

DFS Furniture PLC

     415,214        1,130,786  

Diploma PLC

     102,245        2,095,321  

DiscoverIE Group PLC

     108,910        577,102  

Diversified Gas & Oil PLC

     1,657,144        2,246,308  

Dixons Carphone PLC

     3,378,356        4,952,063  

Domino’s Pizza Group PLC

     817,625        2,568,268  

Drax Group PLC

     759,411        2,584,740  

Dunelm Group PLC

     229,216        2,367,038  

Elementis PLC

     965,658        1,759,980  

EMIS Group PLC

     73,165        916,038  

Empiric Student Property PLC

     1,665,213        1,914,554  

Equiniti Group PLC(b)

     354,419        946,001  

Essentra PLC

     483,837        2,537,564  

Euromoney Institutional Investor PLC

     122,908        2,241,600  

FDM Group Holdings PLC(a)

     130,102        1,184,799  

Ferrexpo PLC

     649,210        1,289,234  

Forterra PLC(b)

     386,252        1,354,158  

Galliford Try PLC

     440,171        3,631,519  

Games Workshop Group PLC

     29,958      1,742,493  

Gamma Communications PLC(a)

     5,407        73,627  

Genus PLC

     2,285        78,617  

Go-Ahead Group PLC (The)

     88,667        2,200,583  

Greene King PLC

     638,434        6,663,704  

Halfords Group PLC

     686,757        1,440,386  

Hammerson PLC

     2,318,768        8,103,634  

Hastings Group Holdings PLC(b)

     1,732,993        4,399,267  

Hays PLC

     3,084,670        5,732,266  

Headlam Group PLC

     261,186        1,459,632  

Hill & Smith Holdings PLC

     88,392        1,361,568  

Hilton Food Group PLC

     5        61  

Hyve Group PLC

     24        25  

Ibstock PLC(b)

     984,834        2,866,548  

IntegraFin Holdings PLC

     368,148        1,796,528  

iomart Group PLC(a)

     203,948        903,513  

J D Wetherspoon PLC

     3,853        73,595  

James Fisher & Sons PLC

     3,061        77,516  

James Halstead PLC

     280,847        1,744,282  

John Laing Group PLC(b)

     589,838        2,667,566  

Jupiter Fund Management PLC

     1,230,803        5,390,416  

Keller Group PLC

     185,980        1,299,468  

Marshalls PLC

     212,284        1,731,775  

Marston’s PLC

     2,038,225        3,101,954  

McCarthy & Stone PLC(b)

     843,132        1,507,576  

Millennium & Copthorne Hotels PLC

     9,053        76,865  

MJ Gleeson PLC

     11,198        111,498  

Moneysupermarket.com Group PLC

     624,026        2,909,847  

Morgan Advanced Materials PLC

     636,142        2,041,321  

Morgan Sindall Group PLC

     101,828        1,528,378  

N Brown Group PLC

     849,945        1,173,073  

Naked Wines PLC(a)

     135,076        414,471  

National Express Group PLC

     700,210        3,736,221  

Northgate PLC

     284,364        1,156,391  

OneSavings Bank PLC

     391,018        1,779,959  

Pagegroup PLC

     623,150        3,372,650  

Paragon Banking Group PLC

     494,283        2,938,321  

PayPoint PLC

     139,740        1,570,478  

Pendragon PLC

     3,316,798        373,987  

Pets at Home Group PLC

     830,051        2,129,618  

Photo-Me International PLC

     1,318,963        1,565,219  

Polar Capital Holdings PLC

     232,576        1,559,122  

Polypipe Group PLC

     286,290        1,430,937  

Provident Financial PLC

     231,297        1,160,631  

PZ Cussons PLC

     644,370        1,607,965  

QinetiQ Group PLC

     616,338        2,193,474  

Rank Group PLC

     869,182        2,030,792  

Redde PLC

     1,251,338        1,767,159  

Redrow PLC

     688,066        5,240,043  

Renewi PLC

     2,966,581        1,104,026  

Restaurant Group PLC (The)

     794,706        1,392,587  

Royal Mail PLC

     4,136,472        10,791,138  

RPS Group PLC

     586,610        1,065,524  

RWS Holdings PLC

     147,468        1,066,724  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree International SmallCap Dividend Fund (DLS)

September 30, 2019

 

 

 

Investments    Shares      Value  

Sabre Insurance Group PLC(b)

     565,498      $ 2,055,746  

Safestore Holdings PLC

     234,149        1,928,901  

Saga PLC

     4,574,282        2,846,627  

Savills PLC

     219,165        2,376,677  

Senior PLC

     666,927        1,541,798  

SIG PLC

     852,654        1,320,762  

Soco International PLC

     1,629,206        1,284,909  

Softcat PLC

     209,652        2,588,708  

Sophos Group PLC(b)

     175,809        867,681  

Spirent Communications PLC

     523,515        1,281,223  

St. Modwen Properties PLC

     15,175        81,159  

Stagecoach Group PLC

     1,274,135        2,099,245  

SThree PLC

     377,415        1,409,218  

Superdry PLC

     208,768        1,059,931  

Synthomer PLC

     474,265        1,895,912  

TalkTalk Telecom Group PLC(a)

     1,040,228        1,345,966  

TBC Bank Group PLC

     77,898        1,186,482  

Ted Baker PLC

     114,099        1,362,454  

Telecom Plus PLC

     112,700        1,708,226  

TI Fluid Systems PLC(b)

     822,968        1,957,296  

TP ICAP PLC

     1,249,504        5,235,195  

TT Electronics PLC

     186,214        573,679  

Tyman PLC

     583,832        1,733,889  

U & I Group PLC

     344,432        664,678  

Ultra Electronics Holdings PLC

     94,221        2,347,714  

Vesuvius PLC

     477,790        2,681,306  

Victrex PLC

     91,594        2,435,762  

Volution Group PLC

     14        29  

Watkin Jones PLC(a)

     560,974        1,555,398  

WH Smith PLC

     127,376        3,118,902  

William Hill PLC

     2,825,617        6,533,985  

Wincanton PLC

     81,493        224,949  

XPS Pensions Group PLC

     254,304        363,519  
     

 

 

 
Total United Kingdom

 

     269,908,920  

TOTAL COMMON STOCKS

(Cost: $1,580,940,021)

 

 

     1,553,114,460  
RIGHTS – 0.0%

 

Australia – 0.0%

 

Integral Diagnostics Ltd., expiring 10/1/19*

     75,361        28,463  
Singapore – 0.0%

 

Chip Eng Seng Corp., Ltd.,
expiring 10/10/19*

    41,840     30  

TOTAL RIGHTS

(Cost: $0)

 

 

    28,493  
EXCHANGE-TRADED FUNDS – 0.6%

 

United States – 0.6%

 

WisdomTree Europe SmallCap Dividend Fund(c)

    96,374       5,388,270  

WisdomTree Japan SmallCap Dividend Fund(a)(c)

    63,537       4,369,440  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $9,753,353)

 

 

    9,757,710  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.9%

 

United States – 7.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(d)

   
(Cost: $123,487,062)(e)     123,487,062       123,487,062  

TOTAL INVESTMENTS IN SECURITIES – 107.2%

(Cost: $1,714,180,436)

 

 

    1,686,387,725  

Other Assets less Liabilities – (7.2)%

 

    (112,822,788
   

 

 

 
NET ASSETS – 100.0%

 

  $ 1,573,564,937  

 

* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $766,164, which represents 0.05% of net assets.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

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

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(e) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $204,470,287. The Fund also had securities on loan having a total market value of $98,162 that were sold and pending settlement.The total market value of the collateral held by the Fund was $216,679,061. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $93,191,999.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and
Description of
Currency to be
Purchased

   

Amount and
Description of
Currency to
be Sold

     Unrealized
Appreciation
     Unrealized
Depreciation
 

Bank of Montreal

    10/2/2019       169,048       USD       250,000       AUD      $ 435      $  

Barclays Bank PLC

    10/1/2019       770,176       USD       625,000       GBP               (11
                                             $ 435      $ (11

 

CURRENCY LEGEND
AUD   Australian dollar
GBP   British pound
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.8%

 

Japan – 98.8%

 

Air Freight & Logistics – 0.3%

 

Kintetsu World Express, Inc.

     29,300      $ 411,542  

Konoike Transport Co., Ltd.

     25,900        382,239  

Maruwa Unyu Kikan Co., Ltd.(a)

     12,400        307,605  

SBS Holdings, Inc.

     14,000        202,859  
     

 

 

 
Total Air Freight & Logistics

 

     1,304,245  
Auto Components – 6.5%

 

Aisan Industry Co., Ltd.

     63,300        537,091  

Daido Metal Co., Ltd.(a)

     47,900        282,769  

Daikyonishikawa Corp.

     59,400        435,847  

Eagle Industry Co., Ltd.

     53,900        491,746  

Exedy Corp.(a)

     43,425        847,405  

FCC Co., Ltd.

     25,000        481,147  

Futaba Industrial Co., Ltd.

     26,700        185,535  

G-Tekt Corp.(a)

     24,400        378,615  

H-One Co., Ltd.

     17,900        105,007  

Ichikoh Industries Ltd.

     21,000        156,614  

Kasai Kogyo Co., Ltd.(a)

     43,500        310,729  

Keihin Corp.

     44,721        655,867  

Mitsuba Corp.

     32,100        187,120  

Musashi Seimitsu Industry Co., Ltd.(a)

     39,900        506,157  

NHK Spring Co., Ltd.(a)

     154,000        1,174,148  

Nifco, Inc.

     50,572        1,207,738  

Nihon Tokushu Toryo Co., Ltd.

     16,000        166,255  

Nippon Piston Ring Co., Ltd.

     11,900        139,177  

Nissin Kogyo Co., Ltd.

     49,900        698,577  

NOK Corp.(a)

     115,500        1,712,061  

Pacific Industrial Co., Ltd.

     29,100        425,158  

Piolax, Inc.(a)

     20,600        352,626  

Press Kogyo Co., Ltd.

     68,400        284,802  

Sanoh Industrial Co., Ltd.(a)

     69,100        391,934  

Shoei Co., Ltd.(a)

     6,400        268,258  

Showa Corp.

     41,000        590,673  

Sumitomo Riko Co., Ltd.(a)

     46,400        370,513  

Sumitomo Rubber Industries Ltd.

     242,600        2,877,753  

T. RAD Co., Ltd.

     6,900        112,430  

Tachi-S Co., Ltd.

     18,800        227,531  

Taiho Kogyo Co., Ltd.

     38,200        272,163  

Tokai Rika Co., Ltd.

     66,258        1,119,474  

Topre Corp.

     39,100        616,483  

Toyo Tire Corp.(a)

     77,400        978,287  

Toyoda Gosei Co., Ltd.

     80,800        1,617,121  

Toyota Boshoku Corp.

     155,500        2,174,050  

TPR Co., Ltd.

     24,000        382,179  

TS Tech Co., Ltd.

     43,400        1,317,159  

Unipres Corp.

     30,903        484,097  

Yokohama Rubber Co., Ltd. (The)

     101,100        2,021,532  

Yorozu Corp.

     22,700        273,261  
     

 

 

 
Total Auto Components

 

     27,817,089  
Automobiles – 0.1%

 

Nissan Shatai Co., Ltd.(a)

     45,500        368,378  
Banks – 7.8%

 

77 Bank Ltd. (The)(a)

     42,800      634,822  

Aomori Bank Ltd. (The)(a)

     15,462        376,267  

Aozora Bank Ltd.

     145,800        3,645,169  

Awa Bank Ltd. (The)(a)

     18,675        421,105  

Bank of Kyoto Ltd. (The)(a)

     22,800        891,325  

Bank of Nagoya Ltd. (The)

     12,469        366,311  

Bank of Okinawa Ltd. (The)

     12,480        390,884  

Bank of the Ryukyus Ltd.

     34,108        350,942  

Chugoku Bank Ltd. (The)(a)

     77,700        729,729  

Daishi Hokuetsu Financial Group, Inc.(a)

     23,355        587,360  

Ehime Bank Ltd. (The)(a)

     20,699        208,187  

FIDEA Holdings Co., Ltd.

     310,200        332,947  

Fukui Bank Ltd. (The)(a)

     18,648        245,879  

Gunma Bank Ltd. (The)

     285,300        923,942  

Hachijuni Bank Ltd. (The)(a)

     292,300        1,190,025  

Hiroshima Bank Ltd. (The)(a)

     188,400        930,887  

Hokkoku Bank Ltd. (The)

     13,562        351,489  

Hokuhoku Financial Group, Inc.

     94,100        909,873  

Hyakugo Bank Ltd. (The)

     160,600        512,672  

Hyakujushi Bank Ltd. (The)

     29,300        601,860  

Iyo Bank Ltd. (The)(a)

     137,000        716,216  

Jimoto Holdings, Inc.

     220,300        201,802  

Juroku Bank Ltd. (The)(a)

     22,200        486,212  

Kansai Mirai Financial Group, Inc.

     130,600        820,517  

Keiyo Bank Ltd. (The)

     114,142        674,871  

Kiyo Bank Ltd. (The)

     32,090        498,534  

Kyushu Financial Group, Inc.(a)

     263,900        1,074,402  

Mebuki Financial Group, Inc.

     988,800        2,433,688  

Michinoku Bank Ltd. (The)(a)

     18,500        266,866  

Musashino Bank Ltd. (The)(a)

     31,200        541,291  

Nanto Bank Ltd. (The)

     19,500        455,767  

Nishi-Nippon Financial Holdings, Inc.

     102,800        720,052  

North Pacific Bank Ltd.

     314,315        666,002  

Ogaki Kyoritsu Bank Ltd. (The)

     27,142        600,477  

San ju San Financial Group, Inc.(a)

     23,600        350,479  

San-In Godo Bank Ltd. (The)

     117,200        711,387  

Senshu Ikeda Holdings, Inc.

     388,640        672,456  

Seven Bank Ltd.(a)

     967,000        2,648,457  

Shiga Bank Ltd. (The)(a)

     23,184        526,641  

Shikoku Bank Ltd. (The)(a)

     36,200        328,254  

Tochigi Bank Ltd. (The)

     105,743        190,792  

Toho Bank Ltd. (The)

     228,500        537,025  

Tokyo Kiraboshi Financial Group, Inc.(a)

     26,300        340,689  

TOMONY Holdings, Inc.

     73,577        238,279  

Towa Bank Ltd. (The)

     44,700        327,159  

Yamagata Bank Ltd. (The)(a)

     21,000        283,498  

Yamaguchi Financial Group, Inc.(a)

     145,200        996,885  

Yamanashi Chuo Bank Ltd. (The)(a)

     26,400        251,114  
     

 

 

 
Total Banks

 

     33,161,487  
Beverages – 0.3%

 

Sapporo Holdings Ltd.

     30,898        770,199  

Takara Holdings, Inc.

     61,411        607,433  
     

 

 

 
Total Beverages

 

     1,377,632  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  
Biotechnology – 0.0%

 

Takara Bio, Inc.

     6,200      $ 126,266  
Building Products – 1.9%

 

Aica Kogyo Co., Ltd.(a)

     31,215        918,471  

Bunka Shutter Co., Ltd.

     36,000        307,786  

Central Glass Co., Ltd.

     24,486        513,169  

Eidai Co., Ltd.

     59,500        180,578  

Maeda Kosen Co., Ltd.(a)

     6,400        90,367  

Nichias Corp.

     43,713        773,345  

Nichiha Corp.

     14,800        403,979  

Nihon Flush Co., Ltd.(a)

     6,100        145,282  

Nippon Sheet Glass Co., Ltd.(a)

     81,200        485,359  

Nitto Boseki Co., Ltd.(a)

     17,899        550,675  

Noritz Corp.

     26,900        311,873  

Okabe Co., Ltd.

     31,000        245,820  

Sanwa Holdings Corp.

     113,766        1,271,611  

Shin Nippon Air Technologies Co., Ltd.(a)

     23,100        382,382  

Sinko Industries Ltd.

     18,600        299,975  

Takara Standard Co., Ltd.

     29,931        493,242  

Takasago Thermal Engineering Co., Ltd.

     41,572        687,001  
     

 

 

 
Total Building Products

 

     8,060,915  
Capital Markets – 1.7%

 

GCA Corp.

     48,500        347,791  

GMO Financial Holdings, Inc.

     118,600        655,140  

Ichiyoshi Securities Co., Ltd.(a)

     36,288        227,986  

IwaiCosmo Holdings, Inc.(a)

     43,000        443,627  

Kyokuto Securities Co., Ltd.

     9,400        74,887  

Marusan Securities Co., Ltd.(a)

     28,200        129,943  

Matsui Securities Co., Ltd.(a)

     442,700        3,719,376  

Monex Group, Inc.(a)

     51,294        147,605  

Morningstar Japan K.K.

     38,144        129,176  

Okasan Securities Group, Inc.

     145,300        514,919  

Sparx Group Co., Ltd.(a)

     190,100        437,982  

Tokai Tokyo Financial Holdings, Inc.(a)

     193,900        534,649  
     

 

 

 
Total Capital Markets

 

     7,363,081  
Chemicals – 9.0%

 

Achilles Corp.

     6,900        107,770  

ADEKA Corp.

     63,225        783,914  

Air Water, Inc.

     95,500        1,707,203  

Arakawa Chemical Industries Ltd.

     6,400        86,873  

Asahi Yukizai Corp.(a)

     18,700        223,725  

C.I. Takiron Corp.

     73,300        424,574  

Chugoku Marine Paints Ltd.(a)

     55,900        456,717  

Daicel Corp.(a)

     229,700        1,940,468  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.(a)

     13,642        400,140  

Denka Co., Ltd.(a)

     63,500        1,745,626  

DIC Corp.

     81,500        2,260,810  

DKS Co., Ltd.(a)

     5,900        155,805  

Fujimi, Inc.(a)

     23,600        553,778  

Fujimori Kogyo Co., Ltd.

     6,200        183,289  

Fuso Chemical Co., Ltd.(a)

     18,800        417,314  

Harima Chemicals Group, Inc.(a)

     18,500        208,323  

JCU Corp.

     15,700      316,106  

JSP Corp.(a)

     18,623        306,549  

Kaneka Corp.(a)

     37,200        1,158,251  

KH Neochem Co., Ltd.

     15,000        326,579  

Koatsu Gas Kogyo Co., Ltd.

     19,800        147,298  

Konishi Co., Ltd.

     17,500        238,515  

Kumiai Chemical Industry Co., Ltd.(a)

     49,224        424,035  

Kureha Corp.(a)

     8,964        533,320  

Lintec Corp.

     56,765        1,122,432  

Mitsubishi Gas Chemical Co., Inc.

     247,100        3,296,953  

Moriroku Holdings Co., Ltd.(a)

     18,700        422,534  

Nihon Nohyaku Co., Ltd.(a)

     79,500        360,444  

Nihon Parkerizing Co., Ltd.

     54,600        591,595  

Nippon Chemical Industrial Co., Ltd.(a)

     6,100        132,188  

Nippon Kayaku Co., Ltd.(a)

     89,200        1,064,705  

Nippon Pillar Packing Co., Ltd.

     19,900        222,062  

Nippon Shokubai Co., Ltd.(a)

     19,500        1,107,842  

Nippon Soda Co., Ltd.

     15,118        365,098  

NOF Corp.(a)

     35,700        1,174,309  

Okamoto Industries, Inc.(a)

     10,987        403,594  

Osaka Soda Co., Ltd.(a)

     17,900        458,618  

Riken Technos Corp.(a)

     33,400        141,233  

Sakai Chemical Industry Co., Ltd.(a)

     7,800        182,090  

Sakata INX Corp.

     43,400        449,360  

Sanyo Chemical Industries Ltd.

     10,835        466,183  

Sekisui Plastics Co., Ltd.(a)

     43,200        299,392  

Shikoku Chemicals Corp.(a)

     29,900        312,902  

Stella Chemifa Corp.(a)

     5,400        131,409  

Sumitomo Bakelite Co., Ltd.

     18,618        726,976  

Sumitomo Seika Chemicals Co., Ltd.(a)

     7,900        233,181  

T Hasegawa Co., Ltd.(a)

     19,600        361,804  

Taiyo Holdings Co., Ltd.

     20,091        675,742  

Takasago International Corp.

     6,200        150,016  

Tayca Corp.(a)

     8,300        150,141  

Toagosei Co., Ltd.

     68,400        769,599  

Tokai Carbon Co., Ltd.(a)

     101,100        1,016,847  

Tokuyama Corp.

     28,400        650,907  

Tokyo Ohka Kogyo Co., Ltd.

     26,700        990,673  

Toyo Ink SC Holdings Co., Ltd.

     47,202        1,070,043  

Toyobo Co., Ltd.

     54,653        716,570  

Ube Industries Ltd.

     80,793        1,628,942  

Valqua Ltd.(a)

     18,237        366,681  

Zeon Corp.(a)

     70,000        853,019  
     

 

 

 
Total Chemicals

 

     38,173,066  
Commercial Services & Supplies – 1.8%

 

Aeon Delight Co., Ltd.

     18,700        586,565  

Bell System24 Holdings, Inc.(a)

     31,100        475,097  

Central Security Patrols Co., Ltd.(a)

     2,200        111,959  

Daiseki Co., Ltd.

     12,807        326,944  

Itoki Corp.

     26,300        108,777  

Kokuyo Co., Ltd.

     42,403        591,661  

Mitsubishi Pencil Co., Ltd.

     17,900        283,717  

NAC Co., Ltd.(a)

     18,000        160,722  

Nichiban Co., Ltd.(a)

     6,700        98,756  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Nippon Kanzai Co., Ltd.

     23,100      $ 399,054  

Nippon Parking Development Co., Ltd.

     214,600        337,562  

Okamura Corp.

     43,376        422,623  

Park24 Co., Ltd.

     80,700        1,872,733  

Pilot Corp.

     6,900        255,378  

Prestige International, Inc.

     17,000        134,962  

Relia, Inc.

     36,700        457,073  

Sato Holdings Corp.(a)

     16,138        435,722  

Toppan Forms Co., Ltd.(a)

     56,100        530,504  

Uchida Yoko Co., Ltd.

     4,800        173,657  
     

 

 

 
Total Commercial Services & Supplies

 

     7,763,466  
Communications Equipment – 0.0%

 

Uniden Holdings Corp.

     6,200        106,876  
Construction & Engineering – 5.1%

 

Asanuma Corp.(a)

     8,100        287,800  

Daiho Corp.

     6,100        160,973  

Hazama Ando Corp.

     140,900        1,048,194  

Kandenko Co., Ltd.

     92,538        827,127  

Kumagai Gumi Co., Ltd.

     26,100        742,609  

Kyowa Exeo Corp.(a)

     54,466        1,320,388  

Kyudenko Corp.

     40,590        1,352,061  

Maeda Corp.

     73,387        639,654  

Maeda Road Construction Co., Ltd.

     55,794        1,213,194  

Meisei Industrial Co., Ltd.(a)

     53,300        361,498  

Mirait Holdings Corp.(a)

     42,700        643,611  

Nippo Corp.

     43,358        801,968  

Nippon Densetsu Kogyo Co., Ltd.

     18,800        388,612  

Nippon Koei Co., Ltd.

     8,600        250,659  

Nishimatsu Construction Co., Ltd.

     47,407        881,685  

Nittoc Construction Co., Ltd.

     76,100        446,425  

Okumura Corp.

     33,570        896,132  

OSJB Holdings Corp.

     71,100        161,838  

Penta-Ocean Construction Co., Ltd.

     180,893        1,000,916  

PS Mitsubishi Construction Co., Ltd.

     62,700        418,870  

Raito Kogyo Co., Ltd.

     29,400        385,743  

Sanki Engineering Co., Ltd.

     36,900        437,030  

Seikitokyu Kogyo Co., Ltd.

     34,300        231,364  

Shinnihon Corp.

     18,700        130,636  

SHO-BOND Holdings Co., Ltd.

     18,400        645,256  

Sumitomo Densetsu Co., Ltd.

     22,600        460,260  

Sumitomo Mitsui Construction Co., Ltd.

     111,260        583,710  

Taihei Dengyo Kaisha Ltd.

     15,900        351,028  

Taikisha Ltd.

     16,965        510,951  

Tekken Corp.

     14,100        360,083  

Toa Corp.

     7,500        90,493  

Toda Corp.

     192,649        1,106,963  

Tokyo Energy & Systems, Inc.(a)

     14,800        120,372  

Tokyu Construction Co., Ltd.

     68,400        522,770  

Toshiba Plant Systems & Services Corp.

     35,900        598,582  

Totetsu Kogyo Co., Ltd.(a)

     16,679        493,078  

Toyo Construction Co., Ltd.

     42,000        181,485  

Yokogawa Bridge Holdings Corp.(a)

     16,000        239,982  

Yurtec Corp.

     37,800        229,441  
     

 

 

 
Total Construction & Engineering

 

     21,523,441  
Construction Materials – 0.4%

 

Asia Pile Holdings Corp.(a)

     21,800      103,881  

Krosaki Harima Corp.(a)

     7,000        365,950  

Shinagawa Refractories Co., Ltd.

     6,900        168,358  

Sumitomo Osaka Cement Co., Ltd.(a)

     20,440        874,717  
     

 

 

 
Total Construction Materials

 

     1,512,906  
Consumer Finance – 0.9%

 

Credit Saison Co., Ltd.

     142,500        1,910,548  

J Trust Co., Ltd.(a)

     33,000        121,222  

Jaccs Co., Ltd.

     31,000        653,990  

Orient Corp.(a)

     702,500        942,517  
     

 

 

 
Total Consumer Finance

 

     3,628,277  
Containers & Packaging – 0.4%

 

FP Corp.

     11,400        710,951  

Fuji Seal International, Inc.

     10,310        260,338  

Pack Corp. (The)(a)

     6,200        209,392  

Rengo Co., Ltd.

     87,600        630,606  
     

 

 

 
Total Containers & Packaging

 

     1,811,287  
Distributors – 0.2%

 

Arata Corp.(a)

     6,400        234,800  

Doshisha Co., Ltd.(a)

     24,300        383,134  

Happinet Corp.

     23,100        270,809  
     

 

 

 
Total Distributors

 

     888,743  
Diversified Consumer Services – 0.5%

 

Benesse Holdings, Inc.

     33,700        874,968  

Meiko Network Japan Co., Ltd.(a)

     22,286        181,258  

Riso Kyoiku Co., Ltd.(a)

     80,700        327,803  

Sprix Ltd.(a)

     6,300        82,310  

Studio Alice Co., Ltd.

     14,060        260,970  

Tokyo Individualized Educational Institute, Inc.(a)

     30,600        263,317  
     

 

 

 
Total Diversified Consumer Services

 

     1,990,626  
Diversified Financial Services – 1.0%

 

eGuarantee, Inc.

     6,600        90,931  

Financial Products Group Co., Ltd.(a)

     102,600        1,025,288  

Fuyo General Lease Co., Ltd.(a)

     20,200        1,211,159  

IBJ Leasing Co., Ltd.(a)

     29,100        786,770  

Japan Securities Finance Co., Ltd.

     88,800        413,291  

NEC Capital Solutions Ltd.

     16,300        327,433  

Ricoh Leasing Co., Ltd.

     14,000        452,094  
     

 

 

 
Total Diversified Financial Services

 

     4,306,966  
Diversified Telecommunication Services – 0.1%

 

ARTERIA Networks Corp.

     20,600        277,145  

Internet Initiative Japan, Inc.

     15,100        343,007  
     

 

 

 
Total Diversified Telecommunication Services

 

     620,152  
Electric Utilities – 0.5%

 

Hokkaido Electric Power Co., Inc.(a)

     63,800        335,898  

Okinawa Electric Power Co., Inc. (The)

     38,125        599,699  

Shikoku Electric Power Co., Inc.(a)

     131,700        1,241,752  
     

 

 

 
Total Electric Utilities

 

     2,177,349  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  
Electrical Equipment – 1.6%

 

Daihen Corp.

     15,200      $ 459,200  

Denyo Co., Ltd.

     18,800        305,984  

Fujikura Ltd.(a)

     114,115        437,137  

Furukawa Electric Co., Ltd.

     34,900        839,279  

GS Yuasa Corp.

     35,500        613,264  

Helios Techno Holding Co., Ltd.

     17,100        87,656  

Idec Corp.(a)

     14,736        267,382  

Mabuchi Motor Co., Ltd.

     43,600        1,623,780  

Nippon Carbon Co., Ltd.(a)

     5,900        208,267  

Nissin Electric Co., Ltd.(a)

     55,765        676,455  

Nitto Kogyo Corp.

     18,700        354,015  

Sanyo Denki Co., Ltd.

     6,200        270,775  

SEC Carbon Ltd.(a)

     1,900        143,632  

Sinfonia Technology Co., Ltd.

     19,200        212,652  

Tatsuta Electric Wire and Cable Co., Ltd.(a)

     55,900        238,962  

Toyo Tanso Co., Ltd.

     7,100        152,610  
     

 

 

 
Total Electrical Equipment

 

     6,891,050  
Electronic Equipment, Instruments & Components – 5.3%

 

Ai Holdings Corp.

     28,900        493,366  

Amano Corp.

     43,435        1,322,241  

Anritsu Corp.(a)

     39,400        772,506  

Canon Electronics, Inc.

     42,800        725,907  

Citizen Watch Co., Ltd.(a)

     217,600        1,063,084  

CMK Corp.(a)

     31,100        166,039  

CONEXIO Corp.

     24,900        313,108  

Daitron Co., Ltd.

     8,300        100,760  

Daiwabo Holdings Co., Ltd.

     16,639        689,731  

Dexerials Corp.(a)

     73,700        545,547  

Elematec Corp.

     35,354        324,835  

Enplas Corp.

     7,800        252,602  

ESPEC Corp.

     18,500        321,642  

FTGroup Co., Ltd.(a)

     18,100        234,467  

Furuno Electric Co., Ltd.

     13,000        113,190  

Hakuto Co., Ltd.

     24,334        263,886  

Hioki EE Corp.

     6,300        212,477  

Hochiki Corp.

     11,900        162,631  

Horiba Ltd.

     23,700        1,368,383  

Ibiden Co., Ltd.(a)

     56,100        1,129,008  

Iriso Electronics Co., Ltd.(a)

     6,300        301,957  

Japan Aviation Electronics Industry Ltd.

     43,400        614,808  

Japan Cash Machine Co., Ltd.(a)

     11,300        95,774  

Kaga Electronics Co., Ltd.(a)

     31,100        556,246  

Koa Corp.(a)

     21,247        261,078  

Kyosan Electric Manufacturing Co., Ltd.(a)

     60,800        207,027  

Macnica Fuji Electronics Holdings, Inc.(a)

     46,000        590,775  

Meiko Electronics Co., Ltd.(a)

     12,400        170,841  

Nippon Electric Glass Co., Ltd.

     75,100        1,670,510  

Nippon Signal Co., Ltd.

     33,600        374,940  

Nissha Co., Ltd.(a)

     31,100        308,194  

Nohmi Bosai Ltd.

     18,491        352,967  

Ohara, Inc.(a)

     11,100        153,238  

Oki Electric Industry Co., Ltd.

     68,200        928,265  

Optex Group Co., Ltd.

     18,600        276,397  

Osaki Electric Co., Ltd.

     24,200      147,562  

Restar Holdings Corp.(a)

     31,000        502,253  

Riken Keiki Co., Ltd.

     9,300        178,643  

Ryoden Corp.

     18,561        258,643  

Ryosan Co., Ltd.(a)

     31,000        787,083  

Sanshin Electronics Co., Ltd.

     20,600        287,056  

Satori Electric Co., Ltd.(a)

     23,000        171,529  

Siix Corp.(a)

     21,500        291,839  

Sumida Corp.(a)

     13,100        121,212  

Tachibana Eletech Co., Ltd.(a)

     26,700        405,163  

Taiyo Yuden Co., Ltd.(a)

     31,100        756,529  

Tamura Corp.

     30,900        164,972  

Topcon Corp.(a)

     40,400        535,676  

UMC Electronics Co., Ltd.

     9,000        57,876  

V Technology Co., Ltd.(a)

     6,000        291,464  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     22,395,927  
Energy Equipment & Services – 0.2%

 

Modec, Inc.(a)

     20,004        486,611  

Raiznext Corp.

     38,600        393,590  

Toyo Kanetsu K.K.

     9,400        167,604  
     

 

 

 
Total Energy Equipment & Services

 

     1,047,805  
Entertainment – 1.5%

 

Akatsuki, Inc.(a)

     2,700        166,884  

Amuse, Inc.

     6,200        155,294  

Avex, Inc.(a)

     40,099        469,723  

Capcom Co., Ltd.

     43,526        1,153,041  

Daiichikosho Co., Ltd.

     25,700        1,186,611  

GungHo Online Entertainment, Inc.(a)

     18,749        425,030  

Koei Tecmo Holdings Co., Ltd.

     71,800        1,559,238  

Marvelous, Inc.

     43,500        335,281  

Toei Animation Co., Ltd.

     11,800        535,545  

Toei Co., Ltd.(a)

     3,231        458,005  
     

 

 

 
Total Entertainment

 

     6,444,652  
Food & Staples Retailing – 2.7%

 

Ain Holdings, Inc.(a)

     6,200        360,842  

Arcs Co., Ltd.

     31,094        649,931  

Axial Retailing, Inc.

     8,000        290,909  

Cawachi Ltd.

     15,400        296,957  

Cocokara fine, Inc.

     6,100        328,494  

Cosmos Pharmaceutical Corp.(a)

     2,700        528,383  

Create SD Holdings Co., Ltd.

     20,700        482,665  

Heiwado Co., Ltd.(a)

     25,063        470,301  

Japan Meat Co., Ltd.(a)

     10,000        208,374  

Kato Sangyo Co., Ltd.

     14,316        443,753  

Kobe Bussan Co., Ltd.

     9,800        475,151  

Kusuri no Aoki Holdings Co., Ltd.(a)

     2,100        143,012  

Life Corp.

     18,700        372,702  

Mitsubishi Shokuhin Co., Ltd.(a)

     22,500        563,151  

Nihon Chouzai Co., Ltd.

     6,100        209,683  

Okuwa Co., Ltd.

     43,700        490,475  

Qol Holdings Co., Ltd.

     14,800        196,512  

San-A Co., Ltd.

     8,300        365,945  

Shoei Foods Corp.(a)

     5,600        169,438  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Sogo Medical Holdings Co., Ltd.

     6,100      $ 99,903  

Sugi Holdings Co., Ltd.

     18,700        1,012,214  

Sundrug Co., Ltd.

     57,700        1,815,221  

United Super Markets Holdings, Inc.(a)

     46,900        417,467  

Valor Holdings Co., Ltd.

     24,991        420,852  

Yaoko Co., Ltd.

     8,300        370,937  

Yokohama Reito Co., Ltd.(a)

     35,300        338,057  
     

 

 

 
Total Food & Staples Retailing

 

     11,521,329  
Food Products – 2.6%

 

Ariake Japan Co., Ltd.(a)

     6,228        485,216  

Chubu Shiryo Co., Ltd.

     13,800        149,141  

Feed One Co., Ltd.

     129,700        194,415  

Fuji Oil Holdings, Inc.(a)

     28,300        819,607  

Fujicco Co., Ltd.

     18,700        337,232  

Hokuto Corp.

     25,191        462,447  

Itoham Yonekyu Holdings, Inc.

     163,900        1,028,214  

Kagome Co., Ltd.

     31,800        802,981  

Kameda Seika Co., Ltd.(a)

     6,000        263,983  

Kotobuki Spirits Co., Ltd.

     6,200        406,736  

Marudai Food Co., Ltd.

     13,400        283,561  

Maruha Nichiro Corp.

     12,032        303,263  

Megmilk Snow Brand Co., Ltd.

     19,700        474,112  

Mitsui Sugar Co., Ltd.

     27,798        573,836  

Morinaga & Co., Ltd.

     14,087        684,310  

Morinaga Milk Industry Co., Ltd.

     13,582        517,769  

Nippon Flour Mills Co., Ltd.(a)

     31,483        492,017  

Nippon Suisan Kaisha Ltd.

     78,700        444,929  

Nisshin Oillio Group Ltd. (The)

     18,500        580,291  

Prima Meat Packers Ltd.(a)

     31,100        618,403  

S Foods, Inc.(a)

     10,200        281,438  

Sakata Seed Corp.

     8,400        286,801  

Showa Sangyo Co., Ltd.(a)

     18,000        510,479  

Warabeya Nichiyo Holdings Co., Ltd.

     8,300        151,293  
     

 

 

 
Total Food Products

 

     11,152,474  
Gas Utilities – 0.3%

 

Nippon Gas Co., Ltd.

     24,600        693,102  

Saibu Gas Co., Ltd.(a)

     14,900        326,745  

Shizuoka Gas Co., Ltd.

     18,692        158,426  
     

 

 

 
Total Gas Utilities

 

     1,178,273  
Health Care Equipment & Supplies – 1.1%

 

Eiken Chemical Co., Ltd.

     18,470        279,079  

Hogy Medical Co., Ltd.

     10,900        311,645  

Jeol Ltd.(a)

     13,200        313,038  

Mani, Inc.(a)

     18,200        478,429  

Menicon Co., Ltd.

     6,100        213,916  

Nagaileben Co., Ltd.

     18,626        394,321  

Nakanishi, Inc.

     31,100        490,061  

Nihon Kohden Corp.

     19,600        575,804  

Nikkiso Co., Ltd.

     18,600        198,262  

Nipro Corp.(a)

     73,900        829,431  

Paramount Bed Holdings Co., Ltd.

     15,721        570,945  
     

 

 

 
Total Health Care Equipment & Supplies

 

     4,654,931  
Health Care Providers & Services – 1.3%

 

As One Corp.(a)

     6,300      521,721  

BML, Inc.

     12,400        333,420  

Japan Lifeline Co., Ltd.(a)

     31,100        498,406  

Miraca Holdings, Inc.(a)

     50,800        1,157,248  

NichiiGakkan Co., Ltd.

     34,700        568,300  

Ship Healthcare Holdings, Inc.

     17,207        731,586  

Solasto Corp.(a)

     43,500        489,035  

Toho Holdings Co., Ltd.

     19,700        455,884  

Tokai Corp.

     9,200        200,813  

Tsukui Corp.

     25,400        100,354  

Vital KSK Holdings, Inc.(a)

     33,400        323,570  

WIN-Partners Co., Ltd.

     24,100        252,429  
     

 

 

 
Total Health Care Providers & Services

 

     5,632,766  
Health Care Technology – 0.0%

 

EM Systems Co., Ltd.(a)

     10,400        195,153  
Hotels, Restaurants & Leisure – 2.3%

 

Aeon Fantasy Co., Ltd.

     7,500        205,691  

Create Restaurants Holdings, Inc.

     18,500        301,272  

Doutor Nichires Holdings Co., Ltd.

     18,653        369,694  

Fuji Kyuko Co., Ltd.(a)

     6,101        252,903  

Hiday Hidaka Corp.(a)

     19,298        372,657  

HIS Co., Ltd.

     15,200        377,345  

Ichibanya Co., Ltd.

     12,536        589,247  

KOMEDA Holdings Co., Ltd.

     24,600        458,199  

Koshidaka Holdings Co., Ltd.

     13,900        220,702  

Kura Sushi, Inc.(a)

     4,400        182,188  

Kyoritsu Maintenance Co., Ltd.(a)

     6,400        273,884  

MOS Food Services, Inc.(a)

     13,700        313,614  

Ohsho Food Service Corp.(a)

     9,400        607,967  

Pepper Food Service Co., Ltd.(a)

     6,400        92,795  

Plenus Co., Ltd.

     31,268        523,665  

Renaissance, Inc.(a)

     7,300        108,276  

Resorttrust, Inc.

     56,108        907,488  

Round One Corp.

     25,437        380,113  

Royal Holdings Co., Ltd.(a)

     9,000        227,425  

Saizeriya Co., Ltd.

     7,100        182,435  

SFP Holdings Co., Ltd.(a)

     8,300        165,885  

St. Marc Holdings Co., Ltd.

     16,000        352,200  

Sushiro Global Holdings Ltd.

     6,300        423,789  

Tokyo Dome Corp.(a)

     43,500        418,598  

Tokyotokeiba Co., Ltd.

     8,142        247,857  

Tosho Co., Ltd.(a)

     6,200        136,535  

Yoshinoya Holdings Co., Ltd.(a)

     23,500        531,645  

Zensho Holdings Co., Ltd.(a)

     23,600        508,795  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     9,732,864  
Household Durables – 4.1%

 

Casio Computer Co., Ltd.(a)

     186,000        2,882,720  

Cleanup Corp.

     43,400        216,448  

ES-Con Japan Ltd.

     66,700        507,926  

FJ Next Co., Ltd.(a)

     22,800        219,614  

France Bed Holdings Co., Ltd.

     3,600        33,643  

Fujitsu General Ltd.(a)

     37,800        629,213  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Haseko Corp.(a)

     447,800      $ 5,212,421  

Hinokiya Group Co., Ltd.

     11,000        195,420  

Hoosiers Holdings(a)

     43,500        255,989  

JVCKenwood Corp.

     100,100        295,461  

Ki-Star Real Estate Co., Ltd.(a)

     16,600        294,599  

Misawa Homes Co., Ltd.

     31,100        317,978  

Nihon House Holdings Co., Ltd.

     67,000        322,989  

Pressance Corp.(a)

     32,300        520,626  

Sanei Architecture Planning Co., Ltd.

     17,300        236,749  

Sangetsu Corp.(a)

     36,600        688,144  

Space Value Holdings Co., Ltd.

     67,600        311,495  

Starts Corp., Inc.

     30,300        739,592  

Sumitomo Forestry Co., Ltd.(a)

     105,700        1,404,443  

Tama Home Co., Ltd.

     31,100        400,566  

Tamron Co., Ltd.

     19,066        408,929  

Toa Corp.

     18,552        209,767  

Token Corp.

     8,100        496,905  

Zojirushi Corp.(a)

     38,500        508,346  
     

 

 

 
Total Household Durables

 

     17,309,983  
Household Products – 0.2%

 

Earth Corp.

     10,000        512,607  

ST Corp.

     8,700        127,350  
     

 

 

 
Total Household Products

 

     639,957  
Independent Power & Renewable Electricity Producers – 0.1%

 

eRex Co., Ltd.(a)

     10,500        123,775  

West Holdings Corp.(a)

     14,700        180,902  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     304,677  
Industrial Conglomerates – 0.5%

 

Mie Kotsu Group Holdings, Inc.(a)

     44,700        227,067  

Nisshinbo Holdings, Inc.

     125,500        977,756  

TOKAI Holdings Corp.

     83,800        783,917  
     

 

 

 
Total Industrial Conglomerates

 

     1,988,740  
Interactive Media & Services – 0.7%

 

Dip Corp.(a)

     33,300        808,505  

LIFULL Co., Ltd.(a)

     23,200        150,910  

Mixi, Inc.

     80,800        1,699,361  

MTI Ltd.(a)

     28,000        182,392  
     

 

 

 
Total Interactive Media & Services

 

     2,841,168  
Internet & Direct Marketing Retail – 0.2%

 

ASKUL Corp.

     13,865        374,480  

Belluna Co., Ltd.

     39,584        251,257  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     625,737  
IT Services – 1.7%

 

Comture Corp.

     8,800        165,618  

Digital Garage, Inc.(a)

     6,200        197,058  

DTS Corp.

     22,382        465,554  

Future Corp.

     18,700        325,466  

GMO Internet, Inc.(a)

     38,572        662,407  

Ines Corp.

     11,700        126,337  

Infocom Corp.

     12,500        291,696  

Information Services International-Dentsu Ltd.

     13,100        409,091  

Itfor, Inc.

     12,500      94,842  

JBCC Holdings, Inc.(a)

     11,700        166,176  

Kanematsu Electronics Ltd.(a)

     18,500        527,226  

LAC Co., Ltd.(a)

     6,100        74,560  

Mitsubishi Research Institute, Inc.(a)

     8,600        285,274  

NEC Networks & System Integration Corp.

     29,579        802,184  

NET One Systems Co., Ltd.(a)

     23,958        645,752  

NS Solutions Corp.(a)

     31,080        1,013,713  

NSD Co., Ltd.

     18,800        540,125  

TDC Soft, Inc.

     12,000        88,161  

TechMatrix Corp.

     6,400        137,682  

Transcosmos, Inc.

     14,300        344,682  
     

 

 

 
Total IT Services

 

     7,363,604  
Leisure Products – 0.8%

 

Furyu Corp.

     21,900        186,223  

GLOBERIDE, Inc.(a)

     6,100        157,418  

Heiwa Corp.(a)

     76,400        1,572,889  

Mizuno Corp.

     16,323        422,895  

Tomy Co., Ltd.

     39,300        449,091  

Universal Entertainment Corp.

     24,100        778,247  
     

 

 

 
Total Leisure Products

 

     3,566,763  
Life Sciences Tools & Services – 0.0%

 

EPS Holdings, Inc.

     11,700        138,679  
Machinery – 6.8%

 

Aichi Corp.

     43,500        277,724  

Aida Engineering Ltd.

     56,000        452,353  

Anest Iwata Corp.(a)

     15,900        139,470  

Asahi Diamond Industrial Co., Ltd.(a)

     24,300        138,504  

Bando Chemical Industries Ltd.

     32,993        251,550  

CKD Corp.(a)

     34,541        410,369  

DMG Mori Co., Ltd.

     68,300        967,544  

Ebara Corp.

     37,600        1,000,927  

Fujitec Co., Ltd.

     49,561        638,343  

Furukawa Co., Ltd.

     34,200        459,797  

Giken Ltd.(a)

     9,300        294,296  

Glory Ltd.(a)

     26,400        740,153  

Harmonic Drive Systems, Inc.(a)

     17,200        747,999  

Hirata Corp.(a)

     4,600        299,644  

Hitachi Zosen Corp.

     116,900        379,661  

Hokuetsu Industries Co., Ltd.

     21,118        242,884  

Hosokawa Micron Corp.

     1,800        62,373  

Iwaki Co., Ltd.

     10,600        95,334  

Japan Steel Works Ltd. (The)(a)

     41,204        791,483  

Juki Corp.

     25,000        208,883  

Kato Works Co., Ltd.(a)

     16,300        285,203  

Kito Corp.(a)

     13,800        197,790  

Kitz Corp.

     55,989        372,483  

Kurita Water Industries Ltd.(a)

     39,900        1,068,061  

Kyokuto Kaihatsu Kogyo Co., Ltd.(a)

     23,880        286,582  

Makino Milling Machine Co., Ltd.(a)

     10,615        461,629  

Max Co., Ltd.

     32,300        541,247  

Meidensha Corp.

     18,800        322,335  

METAWATER Co., Ltd.

     10,200        346,842  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Mitsubishi Logisnext Co., Ltd.

     18,800      $ 177,780  

Mitsuboshi Belting Ltd.

     20,046        328,675  

Morita Holdings Corp.

     16,805        263,251  

Nabtesco Corp.

     56,100        1,736,336  

Nachi-Fujikoshi Corp.

     8,400        376,183  

Nippon Thompson Co., Ltd.

     43,600        181,541  

Nissei ASB Machine Co., Ltd.(a)

     6,200        194,476  

Nissei Plastic Industrial Co., Ltd.(a)

     15,800        146,341  

Nitta Corp.(a)

     14,500        385,996  

Nitto Kohki Co., Ltd.(a)

     11,500        224,839  

Nittoku Co., Ltd.(a)

     4,600        119,347  

Noritake Co., Ltd.

     6,100        224,358  

NTN Corp.(a)

     466,200        1,337,238  

Obara Group, Inc.(a)

     11,079        374,169  

Oiles Corp.(a)

     21,800        317,494  

OKUMA Corp.(a)

     13,270        718,293  

Organo Corp.(a)

     6,400        283,655  

OSG Corp.

     36,700        758,619  

Pegasus Sewing Machine Manufacturing Co., Ltd.(a)

     21,600        98,532  

Rheon Automatic Machinery Co., Ltd.(a)

     6,400        92,321  

Ryobi Ltd.

     19,700        329,381  

Shibuya Corp.

     10,800        288,600  

Shima Seiki Manufacturing Ltd.(a)

     10,900        249,820  

Shinmaywa Industries Ltd.(a)

     59,285        692,275  

Sodick Co., Ltd.(a)

     19,500        139,292  

Star Micronics Co., Ltd.

     25,934        367,383  

Tadano Ltd.(a)

     52,500        499,861  

Takeuchi Manufacturing Co., Ltd.

     18,700        290,168  

Takuma Co., Ltd.

     24,100        273,167  

THK Co., Ltd.

     81,400        2,133,761  

Tocalo Co., Ltd.(a)

     43,500        359,833  

Torishima Pump Manufacturing Co., Ltd.

     17,000        153,523  

Toshiba Machine Co., Ltd.(a)

     17,661        365,394  

Tsubaki Nakashima Co., Ltd.(a)

     31,100        465,313  

Tsubakimoto Chain Co.

     20,545        656,794  

Tsugami Corp.(a)

     30,300        256,530  

Union Tool Co.

     9,200        267,722  

YAMABIKO Corp.

     36,200        380,841  

Yushin Precision Equipment Co., Ltd.

     13,700        119,412  
     

 

 

 
Total Machinery

 

     29,109,977  
Marine – 0.6%

 

Iino Kaiun Kaisha Ltd.(a)

     93,100        296,335  

Japan Transcity Corp.

     26,400        115,298  

Mitsui OSK Lines Ltd.(a)

     42,600        1,076,086  

Nippon Yusen K.K.(a)

     27,900        465,968  

NS United Kaiun Kaisha Ltd.(a)

     21,000        436,030  
     

 

 

 
Total Marine

 

     2,389,717  
Media – 0.7%

 

AOI TYO Holdings, Inc.

     17,100        98,890  

F@N Communications, Inc.

     59,900        298,184  

Gakken Holdings Co., Ltd.(a)

     3,900        193,060  

Intage Holdings, Inc.

     15,800        136,546  

SKY Perfect JSAT Holdings, Inc.

     292,300        1,181,912  

Tow Co., Ltd.

     16,600      113,201  

Tv Tokyo Holdings Corp.(a)

     10,200        208,294  

ValueCommerce Co., Ltd.(a)

     6,400        101,085  

Wowow, Inc.

     18,700        453,160  

Zenrin Co., Ltd.(a)

     11,980        202,743  
     

 

 

 
Total Media

 

     2,987,075  
Metals & Mining – 2.3%

 

Asahi Holdings, Inc.(a)

     43,500        895,961  

Daido Steel Co., Ltd.(a)

     26,200        1,026,667  

Daiki Aluminium Industry Co., Ltd.(a)

     31,500        206,065  

Dowa Holdings Co., Ltd.

     31,000        1,058,431  

Godo Steel Ltd.(a)

     14,100        276,325  

Hakudo Co., Ltd.

     18,498        238,767  

Kobe Steel Ltd.

     225,900        1,203,964  

Kyoei Steel Ltd.(a)

     22,914        428,915  

Mitsubishi Steel Manufacturing Co., Ltd.(a)

     20,500        210,169  

Mitsui Mining & Smelting Co., Ltd.

     33,200        784,266  

Nippon Light Metal Holdings Co., Ltd.

     463,000        831,108  

Nippon Yakin Kogyo Co., Ltd.(a)

     10,810        216,550  

Pacific Metals Co., Ltd.(a)

     11,900        246,754  

Sanyo Special Steel Co., Ltd.(a)

     31,100        414,091  

Toho Titanium Co., Ltd.(a)

     18,700        142,921  

Toho Zinc Co., Ltd.

     5,596        103,506  

Tokyo Rope Manufacturing Co., Ltd.

     17,300        161,675  

Tokyo Steel Manufacturing Co., Ltd.

     53,400        409,116  

Topy Industries Ltd.(a)

     18,700        332,560  

UACJ Corp.(a)

     36,263        608,661  
     

 

 

 
Total Metals & Mining

 

     9,796,472  
Multiline Retail – 1.5%

 

H2O Retailing Corp.(a)

     84,100        919,011  

Izumi Co., Ltd.

     27,000        1,056,766  

J. Front Retailing Co., Ltd.

     173,900        2,033,862  

Parco Co., Ltd.

     56,000        658,580  

Seria Co., Ltd.(a)

     30,700        745,094  

Takashimaya Co., Ltd.(a)

     67,000        780,504  
     

 

 

 
Total Multiline Retail

 

     6,193,817  
Oil, Gas & Consumable Fuels – 0.9%

 

Cosmo Energy Holdings Co., Ltd.

     66,100        1,360,837  

Fuji Oil Co., Ltd.(a)

     81,700        187,477  

Itochu Enex Co., Ltd.

     93,281        708,616  

Iwatani Corp.(a)

     18,833        636,044  

Sala Corp.

     75,500        420,551  

San-Ai Oil Co., Ltd.

     42,516        417,391  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     3,730,916  
Paper & Forest Products – 0.4%

 

Daiken Corp.(a)

     18,700        324,427  

Daio Paper Corp.(a)

     33,278        422,461  

Hokuetsu Corp.

     81,832        408,876  

Nippon Paper Industries Co., Ltd.(a)

     35,400        576,161  
     

 

 

 
Total Paper & Forest Products

 

     1,731,925  
Personal Products – 0.4%

 

Mandom Corp.

     21,706        537,654  

Milbon Co., Ltd.

     6,400        315,041  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Noevir Holdings Co., Ltd.

     19,900      $ 1,038,501  
     

 

 

 
Total Personal Products

 

     1,891,196  
Pharmaceuticals – 1.6%

 

Fuji Pharma Co., Ltd.

     6,400        77,990  

JCR Pharmaceuticals Co., Ltd.(a)

     3,900        298,792  

Kaken Pharmaceutical Co., Ltd.

     26,700        1,237,724  

KYORIN Holdings, Inc.

     55,985        926,738  

Mochida Pharmaceutical Co., Ltd.

     15,822        604,625  

Nichi-iko Pharmaceutical Co., Ltd.(a)

     33,400        371,472  

Sawai Pharmaceutical Co., Ltd.(a)

     18,824        971,898  

Seikagaku Corp.

     31,000        324,414  

Torii Pharmaceutical Co., Ltd.

     12,100        323,003  

Towa Pharmaceutical Co., Ltd.

     13,500        312,783  

Tsumura & Co.(a)

     32,200        861,050  

ZERIA Pharmaceutical Co., Ltd.(a)

     18,700        328,407  
     

 

 

 
Total Pharmaceuticals

 

     6,638,896  
Professional Services – 1.8%

 

Altech Corp.(a)

     22,360        317,374  

BayCurrent Consulting, Inc.

     6,400        281,582  

Benefit One, Inc.(a)

     39,100        738,767  

en-japan, Inc.(a)

     13,400        512,690  

FULLCAST Holdings Co., Ltd.

     13,700        277,486  

Funai Soken Holdings, Inc.

     13,810        314,087  

Gakujo Co., Ltd.

     6,400        84,682  

IR Japan Holdings Ltd.

     6,200        220,291  

JAC Recruitment Co., Ltd.(a)

     18,600        355,908  

Link And Motivation, Inc.(a)

     21,200        108,280  

Meitec Corp.

     18,700        915,318  

Nisso Corp.

     6,400        65,732  

Nomura Co., Ltd.

     40,900        514,680  

Outsourcing, Inc.

     36,800        350,038  

Quick Co., Ltd.(a)

     6,400        80,241  

SMS Co., Ltd.

     5,000        121,582  

Space Co., Ltd.

     22,400        261,152  

Tanseisha Co., Ltd.

     33,400        373,635  

TechnoPro Holdings, Inc.

     11,900        704,696  

Trust Tech, Inc.(a)

     16,000        191,571  

UT Holdings Co., Ltd.(a)

     6,200        132,462  

World Holdings Co., Ltd.(a)

     12,500        181,356  

YAMADA Consulting Group Co., Ltd.

     6,100        95,275  

Yumeshin Holdings Co., Ltd.(a)

     61,000        494,999  
     

 

 

 
Total Professional Services

 

     7,693,884  
Real Estate Management & Development – 2.7%

 

Daibiru Corp.

     50,300        514,752  

Dear Life Co., Ltd.(a)

     43,500        196,419  

Goldcrest Co., Ltd.(a)

     21,900        429,591  

Heiwa Real Estate Co., Ltd.

     18,768        420,250  

Ichigo, Inc.

     232,900        937,418  

Japan Property Management Center Co., Ltd.

     21,300        291,292  

Katitas Co., Ltd.(a)

     9,100        373,852  

Keihanshin Building Co., Ltd.

     33,700        409,109  

Kenedix, Inc.

     65,200        328,790  

Mugen Estate Co., Ltd.(a)

     23,400      139,003  

Open House Co., Ltd.(a)

     57,800        1,376,611  

Raysum Co., Ltd.

     43,500        451,201  

SAMTY Co., Ltd.

     36,700        639,767  

Shinoken Group Co., Ltd.(a)

     30,200        267,979  

Star Mica Holdings Co., Ltd.

     8,000        138,793  

Sun Frontier Fudousan Co., Ltd.

     37,700        449,644  

Takara Leben Co., Ltd.(a)

     83,700        323,725  

TOC Co., Ltd.(a)

     24,600        187,786  

Tokyo Tatemono Co., Ltd.

     135,000        1,896,183  

Tosei Corp.

     30,900        364,824  

Unizo Holdings Co., Ltd.

     31,900        1,421,221  
     

 

 

 
Total Real Estate Management & Development

 

     11,558,210  
Road & Rail – 1.3%

 

Fukuyama Transporting Co., Ltd.

     15,411        540,437  

Hamakyorex Co., Ltd.

     6,100        195,855  

Ichinen Holdings Co., Ltd.

     9,500        95,637  

Maruzen Showa Unyu Co., Ltd.(a)

     9,300        259,014  

Nankai Electric Railway Co., Ltd.(a)

     21,200        536,498  

Nikkon Holdings Co., Ltd.(a)

     31,160        709,263  

Nishi-Nippon Railroad Co., Ltd.(a)

     18,500        406,033  

Sakai Moving Service Co., Ltd.(a)

     5,300        304,048  

Seino Holdings Co., Ltd.

     81,500        1,019,551  

Senko Group Holdings Co., Ltd.(a)

     87,856        683,663  

Sotetsu Holdings, Inc.

     32,000        835,864  
     

 

 

 
Total Road & Rail

 

     5,585,863  
Semiconductors & Semiconductor Equipment – 1.8%

 

Ferrotec Holdings Corp.(a)

     31,100        242,009  

Japan Material Co., Ltd.

     18,700        230,127  

Lasertec Corp.

     9,200        575,452  

Micronics Japan Co., Ltd.(a)

     17,500        139,903  

Mimasu Semiconductor Industry Co., Ltd.

     9,527        152,855  

NuFlare Technology, Inc.

     6,200        440,009  

Optorun Co., Ltd.

     22,300        631,395  

Sanken Electric Co., Ltd.(a)

     6,800        133,955  

SCREEN Holdings Co., Ltd.(a)

     24,600        1,449,938  

Shibaura Mechatronics Corp.

     6,200        165,276  

Shindengen Electric Manufacturing Co., Ltd.

     6,200        199,639  

Shinko Electric Industries Co., Ltd.(a)

     68,453        582,713  

Tokyo Seimitsu Co., Ltd.

     41,400        1,216,239  

Ulvac, Inc.

     30,100        1,208,735  

Yamaichi Electronics Co., Ltd.

     24,300        274,309  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     7,642,554  
Software – 0.5%

 

Broadleaf Co., Ltd.(a)

     39,900        214,868  

Computer Engineering & Consulting Ltd.

     10,500        196,058  

Digital Arts, Inc.

     1,700        112,311  

Fuji Soft, Inc.

     6,200        261,883  

Fukui Computer Holdings, Inc.

     6,100        138,735  

Infomart Corp.(a)

     14,900        232,168  

Miroku Jyoho Service Co., Ltd.

     6,300        171,847  

SRA Holdings

     18,500        409,457  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  

Systena Corp.(a)

     22,900      $ 340,295  

UNITED, Inc.(a)

     20,100        220,761  
     

 

 

 
Total Software

 

     2,298,383  
Specialty Retail – 4.4%

 

Adastria Co., Ltd.

     20,300        456,245  

Alpen Co., Ltd.

     27,400        431,504  

AOKI Holdings, Inc.

     94,854        911,897  

Aoyama Trading Co., Ltd.

     43,500        757,502  

Arcland Sakamoto Co., Ltd.

     20,916        242,496  

Autobacs Seven Co., Ltd.(a)

     56,200        919,376  

Bic Camera, Inc.

     88,400        930,010  

Chiyoda Co., Ltd.(a)

     39,491        617,898  

DCM Holdings Co., Ltd.(a)

     80,045        785,082  

EDION Corp.(a)

     68,439        660,485  

Geo Holdings Corp.

     20,500        243,363  

Honeys Holdings Co., Ltd.

     11,400        153,899  

IDOM, Inc.(a)

     85,260        374,726  

JINS Holdings, Inc.

     5,300        314,346  

Joshin Denki Co., Ltd.

     14,800        292,919  

Joyful Honda Co., Ltd.

     45,300        581,366  

K’s Holdings Corp.

     130,396        1,418,882  

Kohnan Shoji Co., Ltd.

     15,300        337,782  

Komeri Co., Ltd.

     17,037        343,972  

LIXIL VIVA Corp.(a)

     43,600        655,160  

Nishimatsuya Chain Co., Ltd.

     39,600        337,099  

Nojima Corp.

     14,100        236,402  

PAL GROUP Holdings Co., Ltd.

     12,600        389,396  

PC Depot Corp.(a)

     41,500        188,540  

Sac’s Bar Holdings, Inc.

     16,100        132,584  

Sanrio Co., Ltd.(a)

     25,242        486,038  

Shimachu Co., Ltd.

     31,064        758,528  

Shimamura Co., Ltd.

     18,700        1,481,120  

T-Gaia Corp.

     62,200        1,254,072  

United Arrows Ltd.

     12,829        375,107  

VT Holdings Co., Ltd.

     87,200        358,240  

World Co., Ltd.(a)

     16,500        378,015  

Xebio Holdings Co., Ltd.(a)

     33,200        361,567  

Yellow Hat Ltd.

     27,900        410,981  
     

 

 

 
Total Specialty Retail

 

     18,576,599  
Technology Hardware, Storage & Peripherals – 0.6%

 

Elecom Co., Ltd.

     16,700        655,175  

Maxell Holdings Ltd.(a)

     22,600        322,663  

MCJ Co., Ltd.

     61,300        385,695  

Riso Kagaku Corp.

     26,500        403,845  

Roland DG Corp.

     6,600        121,954  

Toshiba TEC Corp.

     18,700        551,959  

Wacom Co., Ltd.(a)

     62,811        203,994  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     2,645,285  
Textiles, Apparel & Luxury Goods – 1.8%

 

Asics Corp.

     78,400        1,338,404  

Baroque Japan Ltd.(a)

     30,200        284,465  

Descente Ltd.

     21,953      290,066  

Fujibo Holdings, Inc.

     10,400        289,651  

Goldwin, Inc.(a)

     9,000        771,131  

Gunze Ltd.

     8,583        358,171  

Japan Wool Textile Co., Ltd. (The)

     55,825        510,341  

Kurabo Industries Ltd.

     16,976        354,050  

Morito Co., Ltd.

     23,300        169,886  

Onward Holdings Co., Ltd.

     132,833        689,515  

Seiko Holdings Corp.(a)

     30,100        664,526  

Seiren Co., Ltd.

     32,111        369,020  

Wacoal Holdings Corp.

     42,300        1,086,903  

Yondoshi Holdings, Inc.(a)

     18,700        454,371  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     7,630,500  
Thrifts & Mortgage Finance – 0.1%

 

Aruhi Corp.(a)

     18,500        412,024  
Trading Companies & Distributors – 2.4%

 

Advan Co., Ltd.

     31,100        331,215  

Alconix Corp.(a)

     18,500        215,170  

Gecoss Corp.

     51,900        411,070  

Hanwa Co., Ltd.

     40,922        1,118,516  

Inaba Denki Sangyo Co., Ltd.

     17,894        781,491  

Inabata & Co., Ltd.(a)

     43,341        532,564  

Kamei Corp.

     21,600        217,849  

Kanaden Corp.(a)

     18,700        221,303  

Kanamoto Co., Ltd.

     16,928        420,244  

Kanematsu Corp.

     75,500        848,087  

Kokusai Pulp & Paper Co., Ltd.(a)

     56,100        159,878  

Nagase & Co., Ltd.

     55,904        779,009  

Nichiden Corp.

     18,700        348,997  

Nippon Steel Trading Corp.(a)

     31,200        1,219,709  

Nishio Rent All Co., Ltd.

     12,900        331,109  

Onoken Co., Ltd.(a)

     22,000        267,481  

Sanyo Trading Co., Ltd.

     12,800        252,032  

Trusco Nakayama Corp.(a)

     18,800        438,710  

Wakita & Co., Ltd.

     31,600        310,518  

Yamazen Corp.(a)

     64,606        561,921  

Yuasa Trading Co., Ltd.(a)

     21,000        598,473  
     

 

 

 
Total Trading Companies & Distributors

 

     10,365,346  
Transportation Infrastructure – 0.5%

 

Japan Airport Terminal Co., Ltd.(a)

     16,300        705,843  

Kamigumi Co., Ltd.

     43,800        992,111  

Mitsubishi Logistics Corp.(a)

     24,200        615,105  
     

 

 

 
Total Transportation Infrastructure

 

     2,313,059  

TOTAL COMMON STOCKS

(Cost: $467,980,638)

 

 

     420,900,478  
EXCHANGE-TRADED FUND – 0.2%

 

United States – 0.2%

 

WisdomTree Japan Hedged Equity Fund(a)(b)

     
(Cost: $680,986)      14,130        713,000  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

September 30, 2019

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 15.9%

 

United States – 15.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.09%(c)

     
(Cost: $67,984,197)(d)      67,984,197      $ 67,984,197  

TOTAL INVESTMENTS IN SECURITIES – 114.9%

(Cost: $536,645,821)

 

 

     489,597,675  

Other Assets less Liabilities – (14.9)%

 

     (63,529,895
     

 

 

 
NET ASSETS – 100.0%

 

   $ 426,067,780  

 

(a) 

Security, or portion thereof, was on loan at September 30, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2019.

 

(d) 

At September 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $105,063,445. The Fund also had securities on loan having a total market value of $49,754 that were sold and pending settlement. The total market value of the collateral held by the Fund was $110,981,785. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $42,997,588.

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Table of Contents

Statements of Assets and Liabilities (unaudited)

WisdomTree Trust

September 30, 2019

 

 

 

     

WisdomTree
Europe Quality
Dividend

Growth Fund

    

WisdomTree

Europe

SmallCap

Dividend Fund

     WisdomTree
International
Dividend
ex-Financials
Fund
     WisdomTree
International
Equity Fund
     WisdomTree
International
High Dividend
Fund
 

ASSETS:

              

Investments, at cost

   $ 37,221,888      $ 632,642,267      $ 178,568,573      $ 777,523,270      $ 262,541,635  

Investment in affiliates, at cost (Note 3)

            65,023        707,248               6,907  

Foreign currency, at cost

     3,665        454,048        10,530        1,493,162        147,896  

Investments in securities, at value1,2 (Note 2)

     36,833,013        553,163,891        160,525,993        815,126,352        242,444,299  

Investment in affiliates, at value (Note 3)

            63,627        720,634               7,260  

Cash

     6,046        43,195        109,324        38,599        11,559  

Foreign currency, at value

     3,653        453,888        10,459        1,487,515        147,548  

Unrealized appreciation on foreign currency contracts

            15               91         

Receivables:

 

Investment securities sold3

            9,333,277               33,746        41,312  

Dividends

     17,185        693,536        554,343        2,936,681        852,663  

Securities lending income

     399        116,911        4,447        14,972        5,085  

Foreign tax reclaims

     178,495        1,424,267        355,463        1,864,949        745,395  

Total Assets

     37,038,791        565,292,607        162,280,663        821,502,905        244,255,121  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

            3,184                       

Payables:

              

Cash collateral received for securities loaned (Note 2)

     561,637        37,827,975        6,850,620        32,705,449        9,515,431  

Capital shares redeemed

            8,390,086                       

Advisory fees (Note 3)

     17,461        252,338        73,544        315,079        111,413  

Service fees (Note 2)

     132        1,916        565        2,890        848  

Total Liabilities

     579,230        46,475,499        6,924,729        33,023,418        9,627,692  

NET ASSETS

   $ 36,459,561      $ 518,817,108      $ 155,355,934      $ 788,479,487      $ 234,627,429  

NET ASSETS:

              

Paid-in capital

   $ 43,313,086      $ 787,700,807      $ 197,520,474      $ 816,108,665      $ 289,135,251  

Total distributable earnings (loss)

     (6,853,525      (268,883,699      (42,164,540      (27,629,178      (54,507,822

NET ASSETS

   $ 36,459,561      $ 518,817,108      $ 155,355,934      $ 788,479,487      $ 234,627,429  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     1,450,000        9,250,000        3,850,000        15,850,000        6,000,000  

Net asset value per share

   $ 25.14      $ 56.09      $ 40.35      $ 49.75      $ 39.10  

1 Includes market value of securities out on loan of:

   $ 594,586      $ 47,669,630      $ 10,449,535      $ 61,448,988      $ 15,108,059  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

          $ 339,393                       

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

September 30, 2019

 

 

 

      WisdomTree
International
LargeCap
Dividend Fund
     WisdomTree
International
MidCap
Dividend Fund
     WisdomTree
International
Multifactor
Fund
     WisdomTree
International
Quality
Dividend
Growth Fund
     WisdomTree
International
SmallCap
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 394,021,276      $ 275,919,723      $ 26,232,095      $ 96,986,598      $ 1,704,427,083  

Investment in affiliates, at cost (Note 3)

     2,175,047                             9,753,353  

Foreign currency, at cost

     1,054,350        195,715        13,664        7,853        1,208,483  

Investments in securities, at value1,2 (Note 2)

     398,305,363        283,119,533        27,032,999        97,451,505        1,676,630,015  

Investment in affiliates, at value (Note 3)

     2,159,158                             9,757,710  

Cash

     196,864        49,463        7,477        54,560        153,217  

Foreign currency, at value

     1,050,585        195,310        13,658        7,848        1,218,771  

Unrealized appreciation on foreign currency contracts

                   134,300               435  

Receivables:

 

Investment securities sold3

                                 1,467,200  

Dividends

     1,273,503        1,085,060        80,921        201,756        6,980,070  

Securities lending income

     7,169        9,675               2,520        199,332  

Foreign tax reclaims

     950,665        230,168        18,931        77,308        1,405,750  

Total Assets

     403,943,307        284,689,209        27,288,286        97,795,497        1,697,812,500  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

                   8,032               11  

Payables:

              

Cash collateral received for securities loaned (Note 2)

     6,539,006        27,990,857               2,976,020        123,487,062  

Cash collateral received for futures contracts

                                 12,090  

Advisory fees (Note 3)

     155,252        124,319        8,526        29,107        742,710  

Service fees (Note 2)

     1,434        943        98        336        5,690  

Total Liabilities

     6,695,692        28,116,119        16,656        3,005,463        124,247,563  

NET ASSETS

   $ 397,247,615      $ 256,573,090      $ 27,271,630      $ 94,790,034      $ 1,573,564,937  

NET ASSETS:

              

Paid-in capital

   $ 437,235,776      $ 261,288,809      $ 26,461,110      $ 98,570,549      $ 1,601,407,314  

Total distributable earnings (loss)

     (39,988,161      (4,715,719      810,520        (3,780,515      (27,842,377

NET ASSETS

   $ 397,247,615      $ 256,573,090      $ 27,271,630      $ 94,790,034      $ 1,573,564,937  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     8,650,000        4,250,000        1,100,000        3,300,000        24,750,000  

Net asset value per share

   $ 45.92      $ 60.37      $ 24.79      $ 28.72      $ 63.58  

1 Includes market value of securities out on loan of:

   $ 19,594,123      $ 37,789,960             $ 3,601,498      $ 204,470,287  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

                               $ 98,162  

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Table of Contents

Statements of Assets and Liabilities (unaudited) (concluded)

WisdomTree Trust

September 30, 2019

 

 

 

     

WisdomTree

Japan

SmallCap

Dividend Fund

 

ASSETS:

 

Investments, at cost

   $ 535,964,835  

Investment in affiliates, at cost (Note 3)

     680,986  

Investments in securities, at value1,2 (Note 2)

     488,884,675  

Investment in affiliates, at value (Note 3)

     713,000  

Cash

     168,917  

Receivables:

 

Investment securities sold3

     642,651  

Dividends

     3,799,271  

Securities lending income

     45,203  

Foreign tax reclaims

     2,071  

Total Assets

     494,255,788  

LIABILITIES:

 

Foreign currency due to custodian, at value4

     2,219  

Payables:

  

Cash collateral received for securities loaned (Note 2)

     67,984,197  

Advisory fees (Note 3)

     200,072  

Service fees (Note 2)

     1,520  

Total Liabilities

     68,188,008  

NET ASSETS

   $ 426,067,780  

NET ASSETS:

 

Paid-in capital

   $ 563,431,772  

Total distributable earnings (loss)

     (137,363,992

NET ASSETS

   $ 426,067,780  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     6,250,000  

Net asset value per share

   $ 68.17  

1 Includes market value of securities out on loan of:

   $ 105,063,445  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

   $ 49,754  

4 Foreign currency due to custodian, proceeds:

   $ 2,219  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Table of Contents

Statements of Operations (unaudited)

WisdomTree Trust

For the Six Months Ended September 30, 2019

 

 

 

      WisdomTree
Europe Quality
Dividend
Growth Fund
    

WisdomTree
Europe
SmallCap

Dividend Fund

     WisdomTree
International
Dividend
ex-Financials
Fund
    

WisdomTree
International

Equity Fund

     WisdomTree
International
High Dividend
Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 687,694      $ 16,254,789      $ 4,475,157      $ 19,795,758      $ 6,973,293  

Dividends from affiliates (Note 3)

            130,066        96,154        87,556        55,931  

Interest

            112                       

Non-cash dividends

     18,147        1,130,773        285,325        836,583        284,808  

Securities lending income (Note 2)

     7,420        706,349        63,906        241,556        94,166  

Total investment income

     713,261        18,222,089        4,920,542        20,961,453        7,408,198  

EXPENSES:

 

Advisory fees (Note 3)

     115,055        1,701,982        479,234        1,972,608        707,171  

Service fees (Note 2)

     873        12,912        3,636        18,083        5,366  

Total expenses

     115,928        1,714,894        482,870        1,990,691        712,537  

Expense waivers (Note 3)

            (5,788      (5,730      (1,941      (1,643

Net expenses

     115,928        1,709,106        477,140        1,988,750        710,894  

Net investment income

     597,333        16,512,983        4,443,402        18,972,703        6,697,304  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (991,196      (44,873,079      (620,434      (17,955,334      (41,807

Investment transactions in affiliates (Note 3)

            75,493        (37,126      15,111        (28,405

In-kind redemptions

     269,045        2,271,798        1,010,403        7,570,870        856,597  

Futures contracts

            66,518                       

Foreign currency contracts

     (17,546      (161,703      (108,208      (71,533      (96,103

Foreign currency related transactions

     19,973        55,894        98,349        48,717        88,490  

Net realized gain (loss)

     (719,724      (42,565,079      342,984        (10,392,169      778,772  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     875,851        18,930,414        (4,020,791      (2,463,196      (8,023,256

Investment transactions in affiliates (Note 3)

            (25,340      13,386        (131      (1,820

Foreign currency contracts

            (5,713      190        91        (98

Translation of assets and liabilities denominated in foreign currencies

     (633      (26,688      (15      (9,263      (2,272

Net increase (decrease) in unrealized appreciation/depreciation

     875,218        18,872,673        (4,007,230      (2,472,499      (8,027,446

Net realized and unrealized gain (loss) on investments

     155,494        (23,692,406      (3,664,246      (12,864,668      (7,248,674

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 752,827      $ (7,179,423    $ 779,156      $ 6,108,035      $ (551,370

1 Net of foreign withholding tax of:

   $ 79,470      $ 2,093,779      $ 472,767      $ 2,138,345      $ 756,498  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended September 30, 2019

 

 

 

      WisdomTree
International
LargeCap
Dividend Fund
     WisdomTree
International
MidCap
Dividend Fund
     WisdomTree
International
Multifactor
Fund
     WisdomTree
International
Quality
Dividend
Growth Fund
     WisdomTree
International
SmallCap
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 9,421,590      $ 6,869,680      $ 539,121      $ 1,343,566      $ 38,626,054  

Dividends from affiliates (Note 3)

     59,752                             280,059  

Interest

                                 1,351  

Non-cash dividends

     253,541        474,258        22,457        9,535        1,230,252  

Securities lending income (Note 2)

     107,212        94,240               16,190        1,035,384  

Total investment income

     9,842,095        7,438,178        561,578        1,369,291        41,173,100  

EXPENSES:

 

Advisory fees (Note 3)

     948,364        784,693        45,964        209,445        4,735,224  

Service fees (Note 2)

     8,693        5,953        532        1,920        35,922  

Total expenses

     957,057        790,646        46,496        211,365        4,771,146  

Expense waivers (Note 3)

     (4,750      (7             (43,634      (38,201

Net expenses

     952,307        790,639        46,496        167,731        4,732,945  

Net investment income

     8,889,788        6,647,539        515,082        1,201,560        36,440,155  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions2

     (3,179,514      (7,583,900      (1,074,003      (2,055,592      (5,765,625

Investment transactions in affiliates (Note 3)

     (17,151                           (606,227

In-kind redemptions

            6,050,423        573,343               66,545,565  

Futures contracts

                                 (656,168

Foreign currency contracts

     (18,302      (21,909      429,764        (28,200      (187,641

Foreign currency related transactions

     32,500        (12,686      (8,438      40,012        (530,034

Net realized gain (loss)

     (3,182,467      (1,568,072      (79,334      (2,043,780      58,799,870  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     (429,614      (5,622,409      51,208        2,119,723        (113,308,456

Investment transactions in affiliates (Note 3)

     (16,165                           520,722  

Foreign currency contracts

     153               144,710        (83      424  

Translation of assets and liabilities denominated in foreign currencies

     (443      (2,373      (48      674        1,159  

Net increase (decrease) in unrealized appreciation/depreciation

     (446,069      (5,624,782      195,870        2,120,314        (112,786,151

Net realized and unrealized gain (loss) on investments

     (3,628,536      (7,192,854      116,536        76,534        (53,986,281

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 5,261,252      $ (545,315    $ 631,618      $ 1,278,094      $ (17,546,126

1 Net of foreign withholding tax of:

   $ 1,045,418      $ 636,188      $ 52,318      $ 137,123      $ 4,108,046  

2 Net of foreign capital gains tax of:

                               $ 71,559  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Table of Contents

Statements of Operations (unaudited) (concluded)

WisdomTree Trust

For the Six Months Ended September 30, 2019

 

 

 

     

WisdomTree
Japan

SmallCap
Dividend Fund

 

INVESTMENT INCOME:

 

Dividends1

   $ 5,174,033  

Dividends from affiliates (Note 3)

     61,019  

Securities lending income (Note 2)

     221,796  

Total investment income

     5,456,848  

EXPENSES:

 

Advisory fees (Note 3)

     1,489,669  

Service fees (Note 2)

     11,301  

Total expenses

     1,500,970  

Expense waivers (Note 3)

     (3,585

Net expenses

     1,497,385  

Net investment income

     3,959,463  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized loss from:

 

Investment transactions

     (21,251,567

Investment transactions in affiliates (Note 3)

     (66,909

In-kind redemptions

     (2,422,021

Foreign currency contracts

     (1,988

Foreign currency related transactions

     183,756  

Net realized loss

     (23,558,729

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions

     22,001,031  

Investment transactions in affiliates (Note 3)

     31,921  

Foreign currency contracts

     435  

Translation of assets and liabilities denominated in foreign currencies

     27,527  

Net increase in unrealized appreciation/depreciation

     22,060,914  

Net realized and unrealized loss on investments

     (1,497,815

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 2,461,648  

1 Net of foreign withholding tax of:

   $ 549,341  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     WisdomTree
Europe Quality Dividend Growth Fund
    WisdomTree
Europe SmallCap Dividend Fund
    WisdomTree
International Dividend ex-Financials Fund
 
     For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 597,333     $ 1,480,281     $ 16,512,983     $ 37,866,541     $ 4,443,402     $ 7,688,540  

Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

    (719,724     (1,580,345     (42,565,079     33,781,414       342,984       (336,824

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    875,218       (3,643,394     18,872,673       (207,722,070     (4,007,230     (8,142,019

Net increase (decrease) in net assets resulting from operations

    752,827       (3,743,458     (7,179,423     (136,074,115     779,156       (790,303

DISTRIBUTIONS TO SHAREHOLDERS:

 

   

Distributable earnings

    (634,250     (1,768,215     (17,329,500     (42,589,672     (4,381,000     (7,765,680

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

          14,416,259             81,706,516             7,858,668  

Cost of shares redeemed

    (5,000,657     (39,726,421     (124,076,057     (459,722,935     (20,231,175     (18,759,740

Net decrease in net assets resulting from capital share transactions

    (5,000,657     (25,310,162     (124,076,057     (378,016,419     (20,231,175     (10,901,072

Net Decrease in Net Assets

    (4,882,080     (30,821,835     (148,584,980     (556,680,206     (23,833,019     (19,457,055

NET ASSETS:

           

Beginning of period

  $ 41,341,641     $ 72,163,476     $ 667,402,088     $ 1,224,082,294     $ 179,188,953     $ 198,646,008  

End of period

  $ 36,459,561     $ 41,341,641     $ 518,817,108     $ 667,402,088     $ 155,355,934     $ 179,188,953  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    1,650,000       2,750,000       11,400,000       17,600,000       4,350,000       4,600,000  

Shares created

          550,000             1,200,000             200,000  

Shares redeemed

    (200,000     (1,650,000     (2,150,000     (7,400,000     (500,000     (450,000

Shares outstanding, end of period

    1,450,000       1,650,000       9,250,000       11,400,000       3,850,000       4,350,000  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree
International Equity Fund
    WisdomTree
International High Dividend Fund
    WisdomTree
International LargeCap Dividend Fund
 
     For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 18,972,703     $ 31,251,400     $ 6,697,304     $ 12,762,487     $ 8,889,788     $ 15,722,519  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (10,392,169     3,549,617       778,772       2,668,387       (3,182,467     6,604,486  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (2,472,499     (68,985,995     (8,027,446     (25,495,401     (446,069     (32,848,453

Net increase (decrease) in net assets resulting from operations

    6,108,035       (34,184,978     (551,370     (10,064,527     5,261,252       (10,521,448

DISTRIBUTIONS TO SHAREHOLDERS:

           

Distributable earnings

    (19,800,000     (32,159,951     (6,842,000     (13,212,551     (9,263,750     (16,024,315

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

          69,968,919                   11,740,077       18,707,671  

Cost of shares redeemed

    (35,088,698     (81,357,277     (9,831,376     (60,050,662           (45,511,991

Net increase (decrease) in net assets resulting from capital share transactions

    (35,088,698     (11,388,358     (9,831,376     (60,050,662     11,740,077       (26,804,320

Net Increase (Decrease) in Net Assets

    (48,780,663     (77,733,287     (17,224,746     (83,327,740     7,737,579       (53,350,083

NET ASSETS:

           

Beginning of period

  $ 837,260,150     $ 914,993,437     $ 251,852,175     $ 335,179,915     $ 389,510,036     $ 442,860,119  

End of period

  $ 788,479,487     $ 837,260,150     $ 234,627,429     $ 251,852,175     $ 397,247,615     $ 389,510,036  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    16,550,000       16,750,000       6,250,000       7,750,000       8,400,000       8,950,000  

Shares created

          1,350,000                   250,000       400,000  

Shares redeemed

    (700,000     (1,550,000     (250,000     (1,500,000           (950,000

Shares outstanding, end of period

    15,850,000       16,550,000       6,000,000       6,250,000       8,650,000       8,400,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree
International MidCap Dividend Fund
    WisdomTree
International Multifactor Fund
    WisdomTree
International Quality Dividend Growth Fund
 
     For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the Period
August 10, 2018*
through
March 31, 2019
    For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 6,647,539     $ 8,525,321     $ 515,082     $ 165,997     $ 1,201,560     $ 1,213,592  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (1,568,072     2,037,502       (79,334     146,658       (2,043,780     (1,052,972

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (5,624,782     (29,417,166     195,870       731,111       2,120,314       (3,675,941

Net increase (decrease) in net assets resulting from operations

    (545,315     (18,854,343     631,618       1,043,766       1,278,094       (3,515,321

DISTRIBUTIONS TO SHAREHOLDERS:

           

Distributable earnings

    (6,725,250     (8,622,448     (522,000     (62,055     (1,270,250     (1,130,824

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    9,411,800       64,964,241       12,364,643       21,263,942       23,241,100       61,114,211  

Cost of shares redeemed

    (24,491,772     (44,652,606     (4,980,758     (2,467,626     –         (9,323,029

Net increase (decrease) in net assets resulting from capital share transactions

    (15,079,972     20,311,635       7,383,885       18,796,316       23,241,100       51,791,182  

Net Increase (Decrease) in Net Assets

    (22,350,537     (7,165,156     7,493,503       19,778,027       23,248,944       47,145,037  

NET ASSETS:

           

Beginning of period

  $ 278,923,627     $ 286,088,783     $ 19,778,127     $ 100     $ 71,541,090     $ 24,396,053  

End of period

  $ 256,573,090     $ 278,923,627     $ 27,271,630     $ 19,778,127     $ 94,790,034     $ 71,541,090  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    4,500,000       4,200,000       800,004       4       2,500,000       800,000  

Shares created

    150,000       1,000,000       500,000       900,000       800,000       2,050,000  

Shares redeemed

    (400,000     (700,000     (200,004     (100,000     –         (350,000

Shares outstanding, end of period

    4,250,000       4,500,000       1,100,000       800,004       3,300,000       2,500,000  

*   Commencement of operations.

    

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

      WisdomTree
International SmallCap Dividend Fund
     WisdomTree
Japan SmallCap Dividend Fund
 
      For the
Six Months Ended
September 30, 2019
(unaudited)
     For the
Year Ended
March 31, 2019
     For the
Six Months Ended
September 30, 2019
(unaudited)
     For the
Year Ended
March 31, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

        

Net investment income

   $ 36,440,155      $ 56,295,397      $ 3,959,463      $ 13,076,547  

Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

     58,799,870        43,532,681        (23,558,729      38,513,726  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (112,786,151      (300,059,749      22,060,914        (220,496,107

Net increase (decrease) in net assets resulting from operations

     (17,546,126      (200,231,671      2,461,648        (168,905,834

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (39,030,000      (57,938,955      (6,931,523      (16,060,084

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     131,612,639        163,769,847        3,260,811        302,236,796  

Cost of shares redeemed

     (174,566,511      (172,971,405      (189,016,688      (601,568,699

Net decrease in net assets resulting from capital share transactions

     (42,953,872      (9,201,558      (185,755,877      (299,331,903

Net Decrease in Net Assets

     (99,529,998      (267,372,184      (190,225,752      (484,297,821

NET ASSETS:

           

Beginning of period

   $ 1,673,094,935      $ 1,940,467,119      $ 616,293,532      $ 1,100,591,353  

End of period

   $ 1,573,564,937      $ 1,673,094,935      $ 426,067,780      $ 616,293,532  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

     25,450,000        25,600,000        9,050,000        13,600,000  

Shares created

     2,000,000        2,300,000        50,000        3,950,000  

Shares redeemed

     (2,700,000      (2,450,000      (2,850,000      (8,500,000

Shares outstanding, end of period

     24,750,000        25,450,000        6,250,000        9,050,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Table of Contents

Financial Highlights

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe Quality
Dividend Growth Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Period Ended
March 31, 2019
    For the
Period Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
    For the Period
May 7, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 25.06     $ 26.24     $ 23.17      $ 22.32      $ 23.18     $ 25.10  

Investment operations:

              

Net investment income1

     0.38       0.61       0.53        0.48        0.48       0.37  

Net realized and unrealized gain (loss)

     0.11       (1.05     2.94        0.88        (0.89     (1.96

Total from investment operations

     0.49       (0.44     3.47        1.36        (0.41     (1.59

Dividends to shareholders:

              

Net investment income

     (0.41     (0.74     (0.40      (0.51      (0.45     (0.33

Net asset value, end of period

   $ 25.14     $ 25.06     $ 26.24      $ 23.17      $ 22.32     $ 23.18  

TOTAL RETURN2

     1.93     (1.62 )%      15.03      6.24      (1.83 )%      (6.35 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 36,460     $ 41,342     $ 72,163      $ 17,377      $ 17,854     $ 11,591  

Ratios to average net assets of:

              

Expenses

     0.58 %3      0.58     0.58      0.58      0.58 %4      0.58 %3 

Net investment income

     3.01 %3      2.41     2.02      2.19      2.13     1.75 %3 

Portfolio turnover rate5

     41     42     18      35      54     21

 

             
WisdomTree Europe
SmallCap Dividend Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 58.54     $ 69.55     $ 59.16      $ 57.01      $ 55.63     $ 62.23  

Investment operations:

              

Net investment income1

     1.63       2.57       1.88        2.04        1.45       1.94  

Net realized and unrealized gain (loss)

     (2.37     (10.87     10.39        2.32        1.49       (7.03

Total from investment operations

     (0.74     (8.30     12.27        4.36        2.94       (5.09

Dividends to shareholders:

              

Net investment income

     (1.71     (2.71     (1.88      (2.21      (1.56     (1.51

Net asset value, end of period

   $ 56.09     $ 58.54     $ 69.55      $ 59.16      $ 57.01     $ 55.63  

TOTAL RETURN2

     (1.33 )%      (12.19 )%      20.94      7.97      5.25     (8.26 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 518,817     $ 667,402     $ 1,224,082      $ 774,999      $ 1,125,935     $ 853,874  

Ratios to average net assets6 of:

              

Expenses, net of expense waivers

     0.58 %3      0.58     0.58      0.58      0.58 %7      0.59 %8 

Expenses, prior to expense waivers

     0.58 %3      0.58     0.58      0.58      0.59 %7      0.59 %8 

Net investment income

     5.63 %3      4.06     2.76      3.68      2.59     3.40

Portfolio turnover rate5

     40     52     33      45      50     42
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Europe SmallCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

6 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

7 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio (net of expense waivers) would have been 0.58% and the expense ratio (prior to expense waivers) would have been 0.58%.

 

8 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International
Dividend ex-Financials
Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 41.19     $ 43.18     $ 39.72      $ 38.41      $ 43.79     $ 49.23  

Investment operations:

              

Net investment income1

     1.10       1.74       1.58        1.48        1.64       2.00  

Net realized and unrealized gain (loss)

     (0.85     (1.98     3.45        1.34        (5.41     (5.53

Total from investment operations

     0.25       (0.24     5.03        2.82        (3.77     (3.53

Dividends to shareholders:

              

Net investment income

     (1.09     (1.75     (1.57      (1.51      (1.61     (1.91

Net asset value, end of period

   $ 40.35     $ 41.19     $ 43.18      $ 39.72      $ 38.41     $ 43.79  

TOTAL RETURN2

     0.59     (0.49 )%      12.84      7.56      (8.83 )%      (7.41 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 155,356     $ 179,189     $ 198,646      $ 200,568      $ 230,483     $ 324,083  

Ratios to average net assets3 of:

              

Expenses4

     0.58 %5      0.58     0.58      0.58      0.58 %6      0.59 %7 

Net investment income

     5.38 %5      4.17     3.73      3.86      3.99     4.23

Portfolio turnover rate8

     39     41     35      30      40     44

 

             
WisdomTree International
Equity Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 50.59     $ 54.63     $ 49.57      $ 45.90      $ 51.67     $ 54.47  

Investment operations:

              

Net investment income1

     1.16       1.86       1.70        1.59        1.68       1.92  

Net realized and unrealized gain (loss)

     (0.78     (3.98     4.98        3.68        (5.79     (2.86

Total from investment operations

     0.38       (2.12     6.68        5.27        (4.11     (0.94

Dividends to shareholders:

              

Net investment income

     (1.22     (1.92     (1.62      (1.60      (1.66     (1.86

Net asset value, end of period

   $ 49.75     $ 50.59     $ 54.63      $ 49.57      $ 45.90     $ 51.67  

TOTAL RETURN2

     0.71     (3.89 )%      13.61      11.75      (8.15 )%      (1.83 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 788,479     $ 837,260     $ 914,993      $ 703,948      $ 621,932     $ 645,832  

Ratios to average net assets3 of:

              

Expenses4

     0.48 %5      0.48     0.48      0.48      0.48 %6      0.49 %7 

Net investment income

     4.62 %5      3.59     3.15      3.41      3.47     3.63

Portfolio turnover rate8

     20     15     19      14      13     19
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Annualized.

 

6 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58% and 0.48%, for WisdomTree International Dividend ex-Financials Fund and WisdomTree International Equity Fund, respectively.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International
High Dividend Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 40.30     $ 43.25     $ 40.39      $ 37.59      $ 43.28     $ 47.62  

Investment operations:

              

Net investment income1

     1.09       1.78       1.66        1.63        1.65       1.94  

Net realized and unrealized gain (loss)

     (1.17     (2.89     2.79        2.79        (5.70     (4.41

Total from investment operations

     (0.08     (1.11     4.45        4.42        (4.05     (2.47

Dividends to shareholders:

              

Net investment income

     (1.12     (1.84     (1.59      (1.62      (1.64     (1.87

Net asset value, end of period

   $ 39.10     $ 40.30     $ 43.25      $ 40.39      $ 37.59     $ 43.28  

TOTAL RETURN2

     (0.25 )%      (2.53 )%      11.12      12.09      (9.60 )%      (5.41 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 234,627     $ 251,852     $ 335,180      $ 250,392      $ 257,467     $ 337,620  

Ratios to average net assets3 of:

              

Expenses4

     0.58 %5      0.58     0.58      0.58      0.58 %6      0.59 %7 

Net investment income

     5.49 %5      4.32     3.83      4.28      4.09     4.24

Portfolio turnover rate8

     29     24     26      29      21     20

 

             
WisdomTree International
LargeCap Dividend Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 46.37     $ 49.48     $ 45.45      $ 42.14      $ 48.67     $ 51.68  

Investment operations:

              

Net investment income1

     1.04       1.81       1.62        1.54        1.59       1.88  

Net realized and unrealized gain (loss)

     (0.40     (3.09     3.97        3.32        (6.58     (3.09

Total from investment operations

     0.64       (1.28     5.59        4.86        (4.99     (1.21

Dividends to shareholders:

              

Net investment income

     (1.09     (1.83     (1.56      (1.55      (1.54     (1.80

Net asset value, end of period

   $ 45.92     $ 46.37     $ 49.48      $ 45.45      $ 42.14     $ 48.67  

TOTAL RETURN2

     1.34     (2.55 )%      12.41      11.79      (10.49 )%      (2.47 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 397,248     $ 389,510     $ 442,860      $ 359,074      $ 366,613     $ 355,273  

Ratios to average net assets3 of:

              

Expenses4

     0.48 %5      0.48     0.48      0.48      0.48 %6      0.49 %7 

Net investment income

     4.50 %5      3.83     3.30      3.59      3.51     3.72

Portfolio turnover rate8

     12     14     16      15      19     12
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Annualized.

 

6 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58% and 0.48%, for WisdomTree International High Dividend Fund and WisdomTree International LargeCap Dividend Fund, respectively.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International
MidCap Dividend Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 61.98     $ 68.12     $ 59.88      $ 55.82      $ 58.65     $ 60.03  

Investment operations:

              

Net investment income1

     1.51       2.00       1.84        1.60        1.64       1.81  

Net realized and unrealized gain (loss)

     (1.57     (6.17     8.17        4.03        (2.85     (1.45

Total from investment operations

     (0.06     (4.17     10.01        5.63        (1.21     0.36  

Dividends to shareholders:

              

Net investment income

     (1.55     (1.97     (1.77      (1.57      (1.62     (1.74

Net asset value, end of period

   $ 60.37     $ 61.98     $ 68.12      $ 59.88      $ 55.82     $ 58.65  

TOTAL RETURN2

     (0.13 )%      (6.16 )%      16.87      10.34      (2.12 )%      0.57

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 256,573     $ 278,924     $ 286,089      $ 179,626      $ 153,512     $ 155,414  

Ratios to average net assets3 of:

              

Expenses4

     0.58 %5      0.58     0.58      0.58      0.58 %6      0.59 %7 

Net investment income

     4.91 %5      3.12     2.76      2.87      2.91     3.09

Portfolio turnover rate8

     28     28     23      31      24     29

 

     
WisdomTree International Multifactor Fund    For the
Six Months Ended
September 30, 2019
(unaudited)
     For the Period
August 10, 2018*
through
March 31, 2019
 

Net asset value, beginning of period

   $ 24.72      $ 24.75  

Investment operations:

     

Net investment income1

     0.53        0.55  

Net realized and unrealized gain (loss)

     0.05        (0.27

Total from investment operations

     0.58        0.28  

Dividends to shareholders:

     

Net investment income

     (0.51      (0.31

Net asset value, end of period

   $ 24.79      $ 24.72  

TOTAL RETURN2

     2.33      1.18

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 27,272      $ 19,778  

Ratios to average net assets of:

     

Expenses

     0.38 %5       0.38 %5 

Net investment income

     4.26 %5       3.61 %5 

Portfolio turnover rate8

     77      114
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree International MidCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Annualized.

 

6 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International Quality Dividend
Growth Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
     For the
Period Ended
March 31, 2019
     For the
Period Ended
March 31, 2018
     For the Period
April 7, 2016*
through
March 31, 2017
 

Net asset value, beginning of period

   $ 28.62      $ 30.50      $ 26.14      $ 24.86  

Investment operations:

           

Net investment income1

     0.40        0.58        0.65        0.73  

Net realized and unrealized gain (loss)

     0.11        (1.95      4.12        1.02  

Total from investment operations

     0.51        (1.37      4.77        1.75  

Dividends to shareholders:

           

Net investment income

     (0.41      (0.51      (0.41      (0.47

Net asset value, end of period

   $ 28.72      $ 28.62      $ 30.50      $ 26.14  

TOTAL RETURN2

     1.76      (4.43 )%       18.33      7.12

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

   $ 94,790      $ 71,541      $ 24,396      $ 9,149  

Ratios to average net assets of:

           

Expenses, net of expense waivers

     0.38 %3       0.38      0.38      0.38 %3 

Expenses, prior to expense waivers

     0.48 %3       0.48      0.48      0.48 %3 

Net investment income

     2.75 %3       2.05      2.18      2.97 %3 

Portfolio turnover rate4

     53      55      39      38

 

             
WisdomTree International
SmallCap Dividend Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 65.74     $ 75.80     $ 65.18      $ 58.98      $ 59.21     $ 64.84  

Investment operations:

              

Net investment income1

     1.44       2.19       2.07        1.97        1.64       1.91  

Net realized and unrealized gain (loss)

     (2.03     (10.01     10.76        6.22        (0.31     (5.67

Total from investment operations

     (0.59     (7.82     12.83        8.19        1.33       (3.76

Dividends to shareholders:

              

Net investment income

     (1.57     (2.24     (2.21      (1.99      (1.56     (1.87

Net asset value, end of period

   $ 63.58     $ 65.74     $ 75.80      $ 65.18      $ 58.98     $ 59.21  

TOTAL RETURN2

     (0.93 )%      (10.41 )%      19.91      14.24      2.26     (5.87 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 1,573,565     $ 1,673,095     $ 1,940,467      $ 1,284,036      $ 1,099,977     $ 917,778  

Ratios to average net assets5 of:

              

Expenses6

     0.58 %3      0.58     0.58      0.58      0.58 %7      0.59 %8 

Net investment income

     4.46 %3      3.15     2.83      3.27      2.82     3.16

Portfolio turnover rate4

     44     35     28      38      48     25
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

8 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan
SmallCap Dividend Fund
   For the
Six Months Ended
September 30, 2019
(unaudited)
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
 

Net asset value, beginning of period

   $ 68.10     $ 80.93     $ 66.48      $ 55.30      $ 54.09      $ 50.28  

Investment operations:

               

Net investment income1

     0.52       1.00       1.47        1.11        0.91        0.71  

Net realized and unrealized gain (loss)

     0.40       (12.61     14.27        11.16        1.00        3.89  

Total from investment operations

     0.92       (11.61     15.74        12.27        1.91        4.60  

Dividends to shareholders:

               

Net investment income

     (0.85     (1.22     (1.29      (1.09      (0.70      (0.79

Net asset value, end of period

   $ 68.17     $ 68.10     $ 80.93      $ 66.48      $ 55.30      $ 54.09  

TOTAL RETURN2

     1.39     (14.38 )%      23.84      22.43      3.51      9.26

RATIOS/SUPPLEMENTAL DATA:

               

Net assets, end of period (000’s omitted)

   $ 426,068     $ 616,294     $ 1,100,591      $ 475,304      $ 423,031      $ 286,651  

Ratios to average net assets3 of:

               

Expenses4

     0.58 %5      0.58     0.58      0.58      0.58      0.59 %6 

Net investment income

     1.54 %5      1.35     1.94      1.84      1.65      1.40

Portfolio turnover rate7

     30     42     18      33      29      36
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Annualized.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Table of Contents

Notes to Financial Statements (unaudited)

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards 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.

 

   
Fund    Commencement
of Operations
 

WisdomTree Europe Quality Dividend Growth Fund (“Europe Quality Dividend Growth Fund’’)

     May 7, 2014  

WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International Dividend ex-Financials Fund (“International Dividend ex-Financials Fund’’)

     June 16, 2006  

WisdomTree International Equity Fund (“International Equity Fund’’)

     June 16, 2006  

WisdomTree International High Dividend Fund (“International High Dividend Fund’’)

     June 16, 2006  

WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International Multifactor Fund (“International Multifactor Fund’’)

     August 10, 2018  

WisdomTree International Quality Dividend Growth Fund (“International Quality Dividend Growth Fund’’)

     April 7, 2016  

WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund’’)

     June 16, 2006  

Each Fund, except for the International Multifactor Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). The International Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g. broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last 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

 

94   WisdomTree Trust


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less), if any, generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities, may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates,

prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of

investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

 

WisdomTree Trust      95  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or prices obtained from independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models may use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The following is a summary of the fair valuations according to the inputs used as of September 30, 2019 in valuing each Fund’s assets:

 

       
Europe Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 36,271,376      $      $  

Investment of Cash Collateral for Securities Loaned

            561,637         

Total

   $ 36,271,376      $ 561,637      $  
        
       
Europe SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 515,335,916      $      $  

Exchange-Traded Fund

     63,627                

Investment of Cash Collateral for Securities Loaned

            37,827,975         

Total

   $ 515,399,543      $ 37,827,975      $  

Unrealized Appreciation on Foreign Currency Contracts

            15         

Unrealized Depreciation on Foreign Currency Contracts

            (3,184       

Total - Net

   $ 515,399,543      $ 37,824,806      $  
        
       
International Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 153,675,373      $      $  

Exchange-Traded Fund

     720,634                

Investment of Cash Collateral for Securities Loaned

            6,850,620         

Total

   $ 154,396,007      $ 6,850,620      $  

 

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Notes to Financial Statements (unaudited) (continued)

 

       
International Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 782,410,335      $      $  

Rights

     10,568                

Investment of Cash Collateral for Securities Loaned

            32,705,449         

Total

   $ 782,420,903      $ 32,705,449      $  

Unrealized Appreciation on Foreign Currency Contracts

            91         

Unrealized Depreciation on Foreign Currency Contracts

             0         

Total - Net

   $ 782,420,903      $ 32,705,540      $  
        
       
International High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 232,923,764      $      $  

Rights

     5,104                

Exchange-Traded Fund

     7,260                

Investment of Cash Collateral for Securities Loaned

            9,515,431         

Total

   $ 232,936,128      $ 9,515,431      $  
        
       
International LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 391,766,357      $      $  

Exchange-Traded Fund

     2,159,158                

Investment of Cash Collateral for Securities Loaned

            6,539,006         

Total

   $ 393,925,515      $ 6,539,006      $  
        
       
International MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 255,117,588      $      $  

Rights

     11,088                

Investment of Cash Collateral for Securities Loaned

            27,990,857         

Total

   $ 255,128,676      $ 27,990,857      $  
        
       
International Multifactor Fund    Level 1      Level 2      Level 3  

Common Stocks

   $ 27,032,999      $      $  

Total

   $ 27,032,999      $      $  

Unrealized Appreciation on Foreign Currency Contracts

            134,300         

Unrealized Depreciation on Foreign Currency Contracts

            (8,032       

Total - Net

   $ 27,032,999      $ 126,268      $  
        
       
International Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 94,475,485      $      $  

Investment of Cash Collateral for Securities Loaned

            2,976,020         

Total

   $ 94,475,485      $ 2,976,020      $  

 

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Notes to Financial Statements (unaudited) (continued)

 

       
International SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Australia

   $ 157,806,793      $ 123,126      $  

Singapore

     44,835,841               766,164 ** 

Other*

     1,349,582,536                

Rights

                          

Australia

            28,463         

Singapore

     30                

Exchange-Traded Funds

     9,757,710                

Investment of Cash Collateral for Securities Loaned

            123,487,062         

Total

   $ 1,561,982,910      $ 123,638,651      $ 766,164  

Unrealized Appreciation on Foreign Currency Contracts

            435         

Unrealized Depreciation on Foreign Currency Contracts

            (11       

Total - Net

   $ 1,561,982,910      $ 123,639,075      $ 766,164  
        
       
Japan SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 420,900,478      $      $  

Exchange-Traded Fund

     713,000                

Investment of Cash Collateral for Securities Loaned

            67,984,197         

Total

   $ 421,613,478      $ 67,984,197      $  
  *

Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

 

  **

Security is being fair valued using significant unobservable inputs by the Pricing Committee.

 

 

Amount represents less than $1.

During the six months ended September 30, 2019, 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 and futures contracts during the period ended September 30, 2019 and open positions in such derivatives as of September 30, 2019 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at September 30, 2019 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on page 103. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of September 30, 2019, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.

 

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Notes to Financial Statements (unaudited) (continued)

 

As of September 30, 2019, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

     

Fund

   Asset Derivatives      Liability Derivatives  
   Balance Sheet Location    Value      Balance Sheet Location    Value  

Europe SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $ 15      Unrealized depreciation on foreign currency contracts    $ 3,184  

International Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      91      Unrealized depreciation on foreign currency contracts       

International Multifactor Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      134,300      Unrealized depreciation on foreign currency contracts      8,032  

International SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      435      Unrealized depreciation on foreign currency contracts      11  

For the six months ended September 30, 2019, the effects of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives  Recognized2
 

Europe Quality Dividend Growth Fund

     

Foreign exchange contracts

   $ (17,546    $  

Europe SmallCap Dividend Fund

     

Foreign exchange contracts

     (161,703      (5,713

Equity contracts

     66,518         

International Dividend ex-Financials Fund

     

Foreign exchange contracts

     (108,208      190  

International Equity Fund

     

Foreign exchange contracts

     (71,533      91  

International High Dividend Fund

     

Foreign exchange contracts

     (96,103      (98

International LargeCap Dividend Fund

     

Foreign exchange contracts

     (18,302      153  

International MidCap Dividend Fund

     

Foreign exchange contracts

     (21,909       

International Multifactor Fund

     

Foreign exchange contracts

     429,764        144,710  

International Quality Dividend Growth Fund

     

Foreign exchange contracts

     (28,200      (83

International SmallCap Dividend Fund

     

Foreign exchange contracts

     (187,641      424  

Equity contracts

     (656,168       

Japan SmallCap Dividend Fund

     

Foreign exchange contracts

     (1,988      435  
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts

Equity contracts

   Net realized gain (loss) from futures contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

 

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Notes to Financial Statements (unaudited) (continued)

 

During the six months ended September 30, 2019, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:

 

   
     Average Notional  
Fund    Foreign currency
contracts
(to deliver
USD)
     Foreign currency
contracts
(to receive
USD)
     Futures
contracts
(long)
 

Europe Quality Dividend Growth Fund

        

Foreign exchange contracts

   $ 8,211      $ 10,938      $  

Europe SmallCap Dividend Fund

        

Equity contracts1

                   491,242  

Foreign exchange contracts

     563,675        412,267         

International Dividend ex-Financials Fund

        

Foreign exchange contracts

            45,007         

International Equity Fund

        

Foreign exchange contracts

     124,593        136,117         

International High Dividend Fund

        

Foreign exchange contracts

            125,996         

International LargeCap Dividend Fund

        

Foreign exchange contracts

            149,541         

International MidCap Dividend Fund

        

Foreign exchange contracts

     47,199        72,865         

International Multifactor Fund

        

Foreign exchange contracts

     6,028,447        22,330,517         

International Quality Dividend Growth Fund

        

Foreign exchange contracts

     20,789        14,241         

International SmallCap Dividend Fund

        

Equity contracts1

                   14,345,229  

Foreign exchange contracts

     1,030,212        509,159         

Japan SmallCap Dividend Fund

        

Foreign exchange contracts

            154,150         
  1 

The volume of derivative activity for the period is based on intra-month balances.

Investment Transactions and Investment Income Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Interest income (including amortization of premiums and accretion of discounts), net of any foreign taxes withheld, is accrued daily. Generally, amortization of premiums and accretion of discounts are recognized daily using the effective interest method (also known as the scientific amortization method). Income earned from securities lending activities (i.e. Securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net increase (decrease) in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or increase (decrease) in unrealized appreciation (depreciation) from translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

 

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Notes to Financial Statements (unaudited) (continued)

 

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency forward and foreign currency futures contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the International Multifactor Fund, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — The Funds, except for the International Multifactor Fund, utilized forward foreign currency contracts (“Forward Contracts”) primarily to facilitate foreign security settlements. The International Multifactor Fund utilized Forward Contracts to dynamically offset applicable international currency exposure from positions in international equities. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

Futures Contracts — The Europe SmallCap Dividend Fund and International SmallCap Dividend Fund utilized equity futures contracts on a temporary basis during the period to obtain market exposure consistent with their investment objectives during each Fund’s annual portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.

 

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Notes to Financial Statements (unaudited) (continued)

 

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts variation margin payments may be made or received when the futures contract expires. Variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.

As of September 30, 2019, there were no open futures contracts in the Funds.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.

Master Netting Arrangements — 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”), such as Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing

 

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Notes to Financial Statements (unaudited) (continued)

 

that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of September 30, 2019, 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
 

Europe Quality Dividend Growth Fund

               

Securities Lending

  $ 594,586     $     $ (594,586 )1    $     $     $     $     $  

Europe SmallCap Dividend Fund

               

Securities Lending

    47,669,630             (47,669,630 )1                               

Foreign Currency Contracts

    15                   15       3,184                   3,184  

International Dividend ex-Financials Fund

               

Securities Lending

    10,449,535             (10,449,535 )1                               

International Equity Fund

               

Securities Lending

    61,448,988             (61,448,988 )1                               

Foreign Currency Contracts

    91                   91                          

International High Dividend Fund

               

Securities Lending

    15,108,059             (15,108,059 )1                               

International LargeCap Dividend Fund

               

Securities Lending

    19,594,123             (19,594,123 )1                               

International MidCap Dividend Fund

               

Securities Lending

    37,789,960             (37,789,960 )1                               

International Multifactor Fund

               

Foreign Currency Contracts

    134,300       (244           134,056       8,032       (244           7,788  

International Quality Dividend Growth Fund

               

Securities Lending

    3,601,498             (3,601,498 )1                               

International SmallCap Dividend Fund

               

Securities Lending

    204,470,287             (204,470,287 )1                               

Foreign Currency Contracts

    435                   435       11                   11  

Japan SmallCap Dividend Fund

               

Securities Lending

    105,063,445             (105,063,445 )1                               
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for

 

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Notes to Financial Statements (unaudited) (continued)

 

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 Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets. WTAM expects to receive 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

 

Europe Quality Dividend Growth Fund

     0.58              

Europe SmallCap Dividend Fund

     0.58              

International Dividend ex-Financials Fund

     0.58              

International Equity Fund

     0.48              

International High Dividend Fund

     0.58              

International LargeCap Dividend Fund

     0.48              

International MidCap Dividend Fund

     0.58              

International Multifactor Fund

     0.38              

International Quality Dividend Growth Fund

     0.48      (0.10 )%       July 31, 2020  

International SmallCap Dividend Fund

     0.58              

Japan SmallCap Dividend Fund

     0.58              
  1 

WTAM has contractually agreed to waive a portion of its advisory fee by the waiver amount listed per annum based on the average daily net assets through the expiration date listed, unless earlier terminated by the Board of Trustees of the Trust for any reason. The dollar amount of contractual fee waivers are included in “Expense waivers” on the Statements of Operations.

Each Fund may purchase shares of affiliated ETFs in secondary market transactions to reduce cash balances. For these transactions, WTAM waives its advisory fees for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are shown in the Statements of Operations in “Expense waivers”.

 

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Notes to Financial Statements (unaudited) (continued)

 

Affiliated holdings are holdings in funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the six months ended September 30, 2019 are as follows:

 

               
Fund   Value at
3/31/2019
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
9/30/2019
    Dividend
Income
 

Europe SmallCap Dividend Fund

             

International MidCap Dividend Fund

  $ 3,133,558     $ 11,478,273     $ 14,598,357     $ 75,493     $ (25,340   $ 63,627     $ 130,066  

International Dividend ex-Financials Fund

             

International LargeCap Dividend Fund

  $     $ 5,077,890     $ 4,333,516     $ (37,126   $ 13,386     $ 720,634     $ 96,154  

International Equity Fund

             

International Dividend ex-Financials Fund

  $ 19,842     $ 7,037,033     $ 7,071,855     $ 15,111     $ (131   $     $ 87,556  

International High Dividend Fund

             

International LargeCap Dividend Fund

  $ 38,107     $ 3,946,761     $ 3,947,383     $ (28,405   $ (1,820   $ 7,260     $ 55,931  

International LargeCap Dividend Fund

             

International MidCap Dividend Fund

  $ 3,850     $ 3,169,314     $ 980,690     $ (17,151   $ (16,165   $ 2,159,158     $ 59,752  

International SmallCap Dividend Fund

             

Europe SmallCap Dividend Fund

  $ 7,277,796     $ 3,165,937     $ 4,768,038     $ (316,650   $ 29,225     $ 5,388,270     $ 209,635  

Japan SmallCap Dividend Fund

    5,920,851       2,466,772       4,220,103       (289,577     491,497       4,369,440       70,424  

Total International SmallCap Dividend Fund

  $ 13,198,647     $ 5,632,709     $ 8,988,141     $ (606,227   $ 520,722     $ 9,757,710     $ 280,059  

Japan SmallCap Dividend Fund

             

Japan Hedged Equity Fund

  $ 34,314     $ 5,532,621     $ 4,818,947     $ (66,909   $ 31,921     $ 713,000     $ 61,019  

During the six months ended September 30, 2019, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the six months ended September 30, 2019, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/Loss
 

Europe Quality Dividend Growth Fund

   $ 5,073,019      $ 7,185,623      $ (812,020

Europe SmallCap Dividend Fund

     17,497,014        26,699,836        (5,421,795

International Dividend ex-Financials Fund

     8,227,640        6,783,048        (697,793

International Equity Fund

     33,399,989        35,032,706        (8,983,186

International High Dividend Fund

     11,803,713        5,973,452        (974,850

International LargeCap Dividend Fund

     10,224,976        12,149,667        (1,735,468

International MidCap Dividend Fund

     19,880,207        22,303,777        (3,838,632

International Quality Dividend Growth Fund

     12,887,110        8,013,277        (1,873,871

International SmallCap Dividend Fund

     83,697,860        52,967,682        (3,746,581

Japan SmallCap Dividend Fund

     19,654,897        24,350,875        (6,284,324

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of and for the six months ended September 30, 2019, WTAM held shares of and received distributions from the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

       
Fund    Fund Shares
held by WTAM
     Market Value of
Fund Shares
held by WTAM
     Dividends and
Distributions
paid to WTAM
on Fund Shares
held by WTAM
 

International Equity Fund

     37      $ 1,840      $ 31  

International Multifactor Fund

     616        15,338        333  

International Quality Dividend Growth Fund

     257        7,399        104  

International SmallCap Dividend Fund

     322        20,453        493  

Japan SmallCap Dividend Fund

                   62  

As of September 30, 2019, approximately 32% of the International Quality Dividend Growth Fund’s outstanding shares were held by affiliated funds.

 

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Notes to Financial Statements (unaudited) (continued)

 

4. CAPITAL SHARE TRANSACTIONS

As of September 30, 2019, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities and/or an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the six months ended September 30, 2019 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Europe Quality Dividend Growth Fund

   $ 16,131,544      $ 16,034,595      $      $ 4,974,644  

Europe SmallCap Dividend Fund

     232,190,597        231,617,616               123,321,671  

International Dividend ex-Financials Fund

     64,416,455        64,022,242               20,079,673  

International Equity Fund

     164,552,875        164,939,125               33,543,880  

International High Dividend Fund

     70,629,465        70,348,751               9,782,023  

International LargeCap Dividend Fund

     55,553,647        47,728,571        4,508,658         

International MidCap Dividend Fund

     76,578,040        75,914,449        9,168,041        24,292,548  

International Multifactor Fund

     18,986,423        18,547,924        12,328,621        4,966,318  

International Quality Dividend Growth Fund

     47,202,547        44,882,871        21,128,383         

International SmallCap Dividend Fund

     812,049,297        709,907,205        22,537,759        171,100,857  

Japan SmallCap Dividend Fund

     153,848,649        153,914,196        3,156,126        187,965,106  

6. FEDERAL INCOME TAXES

At September 30, 2019, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
   

Total Net
Unrealized
Appreciation/

(Depreciation)

 

Europe Quality Dividend Growth Fund

  $ 37,371,884     $ 2,865,379     $ (3,404,250   $ (538,871           $     $     $     $ (538,871

Europe SmallCap Dividend Fund

    633,655,213       34,941,821       (115,369,516     (80,427,695                   (1,434     (1,434     (80,429,129

International Dividend ex-Financials Fund

    179,481,674       7,468,764       (25,703,811     (18,235,047                               (18,235,047

International Equity Fund

    782,002,516       104,290,368       (71,166,532     33,123,836               91             91       33,123,927  

International High Dividend Fund

    263,180,905       15,046,844       (35,776,190     (20,729,346                               (20,729,346

International LargeCap Dividend Fund

    397,126,671       44,401,741       (41,063,891     3,337,850                                 3,337,850  

International MidCap Dividend Fund

    277,248,331       27,906,331       (22,035,129     5,871,202                                 5,871,202  

International Multifactor Fund

    26,254,828       1,339,384       (561,213     778,171               9,845       (61     9,784       787,955  

 

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Notes to Financial Statements (unaudited) (concluded)

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
   

Total Net
Unrealized
Appreciation/

(Depreciation)

 

International Quality Dividend Growth Fund

  $ 97,180,978     $ 5,756,284     $ (5,485,757   $ 270,527             $       —     $       —     $       —     $ 270,527  

International SmallCap Dividend Fund

    1,717,668,443       136,368,296       (167,649,014     (31,280,718                   (11     (11     (31,280,729

Japan SmallCap Dividend Fund

    536,717,411       20,548,549       (67,668,285     (47,119,736                               (47,119,736
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized apprecation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for finanacial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

 

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

 

Consideration of the Renewal of Investment Advisory and Sub-Investment Advisory Agreements

At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on September 12-13, 2019 (the “Meeting”), the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the renewal of (i) the Investment Advisory Agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of the series included in this report (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”); and (ii) the Sub Advisory Agreement (the “Sub-Advisory Agreement” and, the Advisory Agreements together with the Sub-Advisory Agreement (the “Agreements”)), pursuant to which Mellon Investments Corporation (the “Sub-Adviser”) coordinates the investment and reinvestment of the assets of the Funds included in this report.

The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 5, 2019, representatives from WTAM presented preliminary information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.

The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services Provided to the Funds. The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to certain Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WTI indexes are unique, based on WTI’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each 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 Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight of day-to-day Fund operations, including fund accounting, tax matters, administration and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and the Sub-Adviser under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.

Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and the Sub-Adviser under the Advisory Agreements and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the renewal of the Agreements.

Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index, (2) comparing, with respect to the actively-managed Fund, the Fund’s performance with the performance of a group of comparable funds (the “Performance Group”) for various periods ended May 31, 2019, and (3) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Performance Group, Expense Groups and Expense Universes. The Board noted that the Performance Group, Expense Groups and Expense Universes included only pure-index and index-based exchange traded funds (“ETFs”) as comparison funds, except that the Performance Group, Expense Group and Expense Universe

 

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

 

for the actively-managed Fund included only actively-managed ETFs as comparison funds. The Board also noted that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Performance Group, Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds. The Board also reviewed reports prepared by WTAM presenting performance data for Funds with ten years of performance history and for WisdomTree indexes with at least three years of performance history that are tracked by an index Fund.

The Board discussed the index Funds’ performance, noting that the index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. The Board also discussed the performance of the actively-managed Fund and noted that total return performance of the Fund was below the Performance Group median for the time period measured. In response to questions from the Independent Trustees, WTAM representatives discussed the relative performance of the Funds and the factors affecting such performance. On that basis, the Board determined to monitor carefully in the coming year disparities in performance — both positive and negative — but did not believe that the disparities in the past reflected any characteristics requiring immediate action by WTAM or the Sub-Adviser.

The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, as well as the advisory fees and total expenses of certain funds not included in the Broadridge reports that WTAM considers to be significant competitors of the Funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were within five basis points of the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed more significantly from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer data and/or the unique attributes of a Fund.

The Board considered the fees to the Sub-Adviser in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Adviser and WTAM. The Board also noted that the Sub-Adviser’s fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund tracking an index is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk borne by WTAM that is associated with Funds’ unitary fee structure, which frequently includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.

Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the Sub-Adviser and the Fund’s total expenses supported the Board’s approval of the renewal of the relevant Agreements.

Analysis of Profitability and Economies of Scale. WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.

The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and the Sub-Adviser, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized material economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole and the relative size and asset size changes among the Funds. The Board noted that certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid rate (including during the last year) and could continue to do so. WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of

 

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

 

the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-investment adviser, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.

*    *    *    *    *    *

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of the Funds and the services provided to the Funds by WTAM and the Sub-Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreements.

 

110   WisdomTree Trust


Table of Contents

General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

Previously, the Funds were required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Beginning in April 2019, the Funds ceased filing Form N-Q and commenced filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

WisdomTree Trust      111  


Table of Contents

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit size aggregations of shares.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-2906


Table of Contents
Item 2.

Code of Ethics.

Not applicable.

 

Item 3.

Audit Committee Financial Expert.

Not applicable.

 

Item 4.

Principal Accountant Fees and Services.

Not applicable.

 

Item 5.

Audit Committee of Listed registrants.

Not applicable.

 

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.


Table of Contents
Item 10.

Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

 

Item 11.

Controls and Procedures.

 

  (a)

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

 

  (b)

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 12.

Disclosure of Securities Lending Activities for Closed-End Management Investment Companies

Not applicable.

 

Item 13.

Exhibits.

 

  (a)(1)

Not applicable.

 

  (a)(2)

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

 

  (a)(3)

Not applicable.

 

  (a)(4)

Not applicable.

 

  (b)

Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.


Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)    

WisdomTree Trust

 
By (Signature and Title)    

/s/ Jonathan Steinberg

 
    Jonathan L. Steinberg, President  
    (principal executive officer)  
Date: December 5, 2019      

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)    

/s/ Jonathan Steinberg

 
    Jonathan L. Steinberg, President  
    (principal executive officer)  
Date: December 5, 2019      
By (Signature and Title)    

/s/ David Castano

 
    David Castano, Treasurer  
    (principal financial officer)  
Date: December 5, 2019      
EX-99.CERT 2 d758400dex99cert.htm CERTIFICATIONS PURSUANT TO SECTION 302 Certifications Pursuant to Section 302

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and

Section 302 of the Sarbanes-Oxley Act

I, Jonathan Steinberg, certify that:

 

1.

I have reviewed this report on Form N-CSR of the WisdomTree Trust;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of trustees (or persons performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: December 5, 2019      

/s/ Jonathan Steinberg

      Jonathan Steinberg, President
      (principal executive officer)


Certification Pursuant to Rule 30a-2(a) under the 1940 Act and

Section 302 of the Sarbanes-Oxley Act

I, David Castano, certify that:

 

1.

I have reviewed this report on Form N-CSR of the WisdomTree Trust;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of trustees (or persons performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: December 5, 2019      

/s/ David Castano

      David Castano, Treasurer
      (principal financial officer)
EX-99.906 CERT 3 d758400dex99906cert.htm CERTIFICATION PURSUANT TO SECTION 906 Certification Pursuant to Section 906

Certification Pursuant to Rule 30a-2(b) under the 1940 Act

and Section 906 of the Sarbanes-Oxley Act

I, Jonathan Steinberg, President of the WisdomTree Trust (the “Registrant”), certify that:

 

  1.

The Form N-CSR of the Registrant (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

  2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Date: December 5, 2019      

/s/ Jonathan Steinberg

      Jonathan L. Steinberg, President
      (principal executive officer)

I, David Castano, Treasurer of the WisdomTree Trust (the “Registrant”), certify that:

 

  1.

The Form N-CSR of the Registrant (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

  2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Date: December 5, 2019      

/s/ David Castano

      David Castano, Treasurer
      (principal financial officer)
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