N-CSRS 1 d821786dncsrs.htm WISDOM TREE TRUST Wisdom Tree Trust
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21864

 

 

WisdomTree Trust

(Exact name of registrant as specified in charter)

 

 

245 Park Avenue, 35th Floor

New York, NY 10167

(Address of principal executive offices) (Zip code)

 

 

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and address of agent for service)

 

 

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

Date of fiscal year end: June 30

Date of reporting period: December 31, 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 herewith.


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Semi-Annual Report

December 31, 2019

 

International Equity ETFs:

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

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

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

WisdomTree Emerging Markets Dividend Fund (DVEM)

WisdomTree Europe Multifactor Fund (EUMF)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

WisdomTree Japan Multifactor Fund (JAMF)

Fixed Income ETFs:

WisdomTree U.S. Corporate Bond Fund (WFIG)

(formerly, WisdomTree Fundamental U.S. Corporate Bond Fund)

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

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

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

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

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

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

Alternative ETFs:

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

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

Asset Allocation ETFs:

WisdomTree 90/60 U.S. Balanced Fund (NTSX)

WisdomTree Balanced Income Fund (WBAL)

Thematic ETF:

WisdomTree Cloud Computing Fund (WCLD)

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

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

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


Table of Contents

Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Indexes (unaudited)

       18  
Schedules of Investments (unaudited)     

WisdomTree Dynamic Currency Hedged International Equity Fund

       22  

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund

       35  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

       39  

WisdomTree Emerging Markets Dividend Fund

       53  

WisdomTree Europe Multifactor Fund

       61  

WisdomTree ICBCCS S&P China 500 Fund

       64  

WisdomTree Japan Multifactor Fund

       71  

WisdomTree U.S. Corporate Bond Fund

       75  

WisdomTree U.S. High Yield Corporate Bond Fund

       80  

WisdomTree U.S. Short-Term Corporate Bond Fund

       84  

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

       88  

WisdomTree Dynamic Bearish U.S. Equity Fund

       91  

WisdomTree Dynamic Long/Short U.S. Equity Fund

       92  

WisdomTree 90/60 U.S. Balanced Fund

       94  

WisdomTree Balanced Income Fund

       101  

WisdomTree Cloud Computing Fund

       102  

Statements of Assets and Liabilities (unaudited)

       103  

Statements of Operations (unaudited)

       107  

Statements of Changes in Net Assets (unaudited)

       111  

Financial Highlights (unaudited)

       117  

Notes to Financial Statements (unaudited)

       125  

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

       140  

General Information (unaudited)

       145  

 

“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 July 1, 2019 to December 31, 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 184/366 (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 December 31, 2019 (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.4%  

Industrials

    13.2%  

Consumer Discretionary

    11.8%  

Health Care

    8.9%  

Consumer Staples

    8.8%  

Communication Services

    8.2%  

Energy

    7.7%  

Materials

    7.2%  

Utilities

    5.6%  

Information Technology

    3.9%  

Real Estate

    2.8%  

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  

Nestle S.A., Registered Shares

    1.2%  

HSBC Holdings PLC

    1.2%  

China Mobile Ltd.

    1.2%  

Novartis AG, Registered Shares

    1.2%  

TOTAL S.A.

    1.2%  

BP PLC

    1.1%  

Royal Dutch Shell PLC, Class A

    1.1%  

British American Tobacco PLC

    1.1%  

Toyota Motor Corp.

    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 Dynamic Currency Hedged International Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Equity Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the industrialized world outside the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,070.10        0.35 %1    $ 1.82  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.38        0.35 %1    $ 1.78  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

Performance

 

 

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

Fund NAV Returns

       7.01      21.03      8.46      9.90

Fund Market Price Returns

       6.04      21.52      8.35      9.82

WisdomTree Dynamic Currency Hedged International Equity Index

       7.41      21.43      8.67      10.07

MSCI EAFE Local Currency Index

       7.03      21.67      7.66      8.57

MSCI EAFE Index

       7.01      22.01      9.56      8.91
*

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 January 7, 2016.

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

 

2   WisdomTree Trust


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    18.0%  

Industrials

    16.2%  

Consumer Staples

    15.1%  

Health Care

    14.5%  

Information Technology

    14.0%  

Materials

    9.6%  

Communication Services

    4.1%  

Real Estate

    3.1%  

Financials

    2.2%  

Utilities

    1.8%  

Energy

    1.2%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Industria de Diseno Textil S.A.

    4.7%  

British American Tobacco PLC

    4.0%  

Unilever N.V.

    3.7%  

Novo Nordisk A/S, Class B

    3.5%  

Rio Tinto PLC

    3.4%  

SAP SE

    2.9%  

Tokyo Electron Ltd.

    2.5%  

Kering S.A.

    2.4%  

Diageo PLC

    2.1%  

ASML Holding N.V.

    2.0%  
*

The ten largest holdings shown is that of the Underlying Fund and are subject to change, and there are no guarantees the Underlying Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). For a full list of current holdings information for the Underlying Fund, please visit www.wisdomtree.com.

The WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in companies from developed market countries, excluding the U.S. and Canada, with growth and quality characteristics while at the same time dynamically hedging exposure to fluctuations between the value of the foreign currencies relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index (including indirect investments through the WisdomTree International Quality Dividend Growth Fund (IQDG) (the “Underlying Fund”)) whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,113.80        0.10 %1    $ 0.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.63        0.10 %1    $ 0.51  
1 

WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investments in the Underlying Fund, as well as an additional 0.10%, through October 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. Had AFFEs been included (as shown in the net expense ratio in the Fund’s prospectus) the “Annualized Net Expense Ratio” would have been higher.

Performance

 

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

Fund NAV Returns

       11.38      31.99      12.27      12.92

Fund Market Price Returns

       11.43      32.40      12.36      12.97

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index

       12.13      32.94      13.13      13.66

MSCI EAFE Local Currency Index

       7.03      21.67      7.66      9.97
*

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 November 3, 2016.

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

 

WisdomTree Trust      3  


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    23.7%  

Financials

    16.3%  

Consumer Discretionary

    16.2%  

Materials

    9.8%  

Information Technology

    8.0%  

Real Estate

    6.7%  

Communication Services

    5.4%  

Consumer Staples

    5.2%  

Health Care

    4.0%  

Utilities

    2.7%  

Energy

    2.5%  

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  

Royal Mail PLC

    0.7%  

bpost S.A.

    0.6%  

Hammerson PLC

    0.6%  

Freenet AG

    0.5%  

Azimut Holding SpA

    0.5%  

BE Semiconductor Industries N.V.

    0.5%  

Siltronic AG

    0.5%  

Bovis Homes Group PLC

    0.5%  

Navigator Co. S.A. (The)

    0.5%  

Bolsas y Mercados Espanoles SHMSF S.A.

    0.5%  
*

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

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in the small-capitalization segment of dividend-paying companies in the industrialized world outside the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,126.10        0.43 %1    $ 2.30  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.97        0.43 %1    $ 2.19  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       12.61      24.74      9.16      10.85

Fund Market Price Returns

       13.00      24.85      9.60      11.09

WisdomTree Dynamic Currency Hedged International SmallCap Equity Index

       12.86      25.40      9.68      11.38

MSCI EAFE Small Cap Local Currency Index

       10.95      24.43      8.99      9.54

MSCI EAFE Small Cap Index

       11.03      24.96      10.92      10.05
*

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 January 7, 2016.

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

 

4   WisdomTree Trust


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

WisdomTree Emerging Markets Dividend Fund (DVEM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.2%  

Information Technology

    20.2%  

Energy

    13.5%  

Materials

    11.0%  

Communication Services

    6.7%  

Industrials

    6.3%  

Consumer Staples

    6.2%  

Consumer Discretionary

    6.0%  

Utilities

    3.7%  

Real Estate

    3.5%  

Health Care

    1.5%  

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  

Taiwan Semiconductor Manufacturing Co., Ltd.

    5.1%  

Samsung Electronics Co., Ltd.

    5.0%  

Gazprom PJSC, ADR

    2.5%  

China Construction Bank Corp., Class H

    2.1%  

Tatneft PJSC, ADR

    1.6%  

Lukoil PJSC, ADR

    1.4%  

Hon Hai Precision Industry Co., Ltd.

    1.4%  

China Mobile Ltd.

    1.4%  

Industrial & Commercial Bank of China Ltd., Class H

    1.3%  

MMC Norilsk Nickel PJSC, ADR

    1.3%  
*

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

The WisdomTree Emerging Markets Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the emerging markets. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,070.70        0.32   $ 1.67  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.53        0.32   $ 1.63  

Performance

 

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

Fund NAV Returns

       7.07      18.98      10.65      11.72

Fund Market Price Returns

       7.10      19.96      10.70      11.84

WisdomTree Emerging Markets Dividend Index

       7.52      19.48      10.92      11.93

MSCI Emerging Markets Index

       7.09      18.42      11.57      11.66
*

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.

 

WisdomTree Trust      5  


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

WisdomTree Europe Multifactor Fund (EUMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    15.0%  

Consumer Staples

    14.8%  

Industrials

    13.0%  

Health Care

    12.9%  

Utilities

    9.6%  

Communication Services

    9.2%  

Consumer Discretionary

    8.5%  

Real Estate

    7.9%  

Information Technology

    4.5%  

Materials

    2.3%  

Energy

    2.0%  

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  

Eiffage S.A.

    1.4%  

Sanofi

    1.4%  

Danone S.A.

    1.3%  

Korian S.A.

    1.1%  

Orange S.A.

    1.1%  

UNIQA Insurance Group AG

    1.0%  

Publicis Groupe S.A.

    0.9%  

Banque Cantonale Vaudoise, Registered Shares

    0.9%  

Assicurazioni Generali SpA

    0.8%  

Beiersdorf AG

    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 Multifactor Fund (the “Fund”) seeks income and capital appreciation by investing in European equity securities with the highest potential for returns based on proprietary measures of fundamental factors, such as value and quality, and technical factors, such as momentum and correlation, while seeking to manage currency risk by dynamically hedging currency fluctuations in the relative value of the applicable European currencies against the U.S. dollar, ranging from a 0% to 100% hedge.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,077.90        0.43 %1    $ 2.25  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.97        0.43 %1    $ 2.19  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       7.79      20.97      8.38      9.40

Fund Market Price Returns

       7.91      21.23      8.61      9.67

MSCI Europe Index

       6.88      23.77      9.77      8.71
*

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 January 7, 2016.

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

 

6   WisdomTree Trust


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.4%  

Consumer Discretionary

    19.2%  

Communication Services

    11.1%  

Industrials

    9.2%  

Information Technology

    7.8%  

Consumer Staples

    7.4%  

Materials

    6.3%  

Health Care

    5.6%  

Real Estate

    5.4%  

Utilities

    2.6%  

Energy

    2.5%  

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  

Alibaba Group Holding Ltd., ADR

    9.5%  

Tencent Holdings Ltd.

    7.9%  

Ping An Insurance Group Co. of China Ltd., Class A

    3.2%  

China Construction Bank Corp., Class H

    2.4%  

Kweichow Moutai Co., Ltd., Class A

    2.4%  

China Merchants Bank Co., Ltd., Class A

    2.1%  

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

    1.8%  

Industrial & Commercial Bank of China Ltd., Class H

    1.7%  

China Mobile Ltd.

    1.3%  

Meituan Dianping, Class B

    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 ICBCCS S&P China 500 Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the S&P China 500 Index (the “Index”). In seeking to track the Index, the Fund invests in a broad universe of Chinese equities (500 companies). The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,080.90        0.55   $ 2.88  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.37        0.55   $ 2.80  

Performance

 

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

Fund NAV Returns

       8.09      29.06      0.16

Fund Market Price Returns

       6.76      29.13      -0.55

S&P China 500 Index

       8.44      30.24      0.38

MSCI China Index

       9.29      23.46      0.55
*

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 21, 2017.

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

 

WisdomTree Trust      7  


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

WisdomTree Japan Multifactor Fund (JAMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    21.3%  

Consumer Discretionary

    19.4%  

Information Technology

    12.9%  

Financials

    9.9%  

Health Care

    9.9%  

Consumer Staples

    8.7%  

Communication Services

    7.2%  

Materials

    5.6%  

Real Estate

    2.6%  

Utilities

    1.7%  

Energy

    0.8%  

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  

MS&AD Insurance Group Holdings, Inc.

    1.5%  

Sony Financial Holdings, Inc.

    1.3%  

Sumitomo Mitsui Trust Holdings, Inc.

    1.2%  

Seven Bank Ltd.

    1.2%  

Tokyo Steel Manufacturing Co., Ltd.

    1.1%  

Teijin Ltd.

    1.1%  

Asahi Holdings, Inc.

    1.1%  

Credit Saison Co., Ltd.

    1.0%  

Shinsei Bank Ltd.

    1.0%  

Fuyo General Lease Co., Ltd.

    1.0%  
*

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

The WisdomTree Japan Multifactor Fund (the “Fund”) seeks income and capital appreciation by investing in Japanese equity securities with the highest potential for returns based on proprietary measures of fundamental factors, such as value and quality, and technical factors, such as momentum and correlation, while seeking to manage currency risk by dynamically hedging currency fluctuations in the relative value of the Japanese yen against the U.S. dollar, ranging from a 0% to 100% hedge.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,106.30        0.43 %1    $ 2.28  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.97        0.43 %1    $ 2.19  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       10.63      12.25      3.82      5.15

Fund Market Price Returns

       9.46      12.00      3.67      4.93

MSCI Japan Local Currency Index

       11.97      18.48      6.38      6.21

MSCI Japan Index

       11.01      19.61      8.92      8.45
*

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 January 7, 2016.

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

 

8   WisdomTree Trust


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

WisdomTree U.S. Corporate Bond Fund (WFIG)

(formerly, WisdomTree Fundamental U.S. Corporate Bond Fund)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    27.8%  

Health Care

    12.1%  

Industrials

    10.9%  

Information Technology

    9.7%  

Consumer Discretionary

    8.7%  

Consumer Staples

    8.2%  

Energy

    7.2%  

Utilities

    5.7%  

Communication Services

    3.7%  

Materials

    2.8%  

Real Estate

    2.0%  

U.S. Government Obligations

    0.1%  

Other Assets less Liabilities‡

    1.1%  

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  

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

    1.2%  

eBay, Inc.,
3.80%, 3/9/22

    0.9%  

AT&T, Inc.,
4.55%, 3/9/49

    0.9%  

Hewlett Packard Enterprise Co.,
4.40%, 10/15/22

    0.9%  

Exelon Corp.,
3.50%, 6/1/22

    0.8%  

Citigroup, Inc.,
2.70%, 3/30/21

    0.8%  

Northrop Grumman Corp.,
3.25%, 1/15/28

    0.8%  

MetLife, Inc.,
6.40%, 12/15/66

    0.8%  

Reynolds American, Inc.,
5.85%, 8/15/45

    0.8%  

Comcast Corp.,
4.60%, 10/15/38

    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. Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund invests in issuers in the U.S. investment grade corporate bond market that are deemed to exhibit favorable fundamentals and opportunities for income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index. Prior to September 30, 2019, the WisdomTree U.S. Corporate Bond Index was named the WisdomTree Fundamental U.S. Corporate Bond Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,039.80        0.18 %1    $ 0.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.23        0.18 %1    $ 0.92  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       3.98      13.74      5.55      4.47

Fund Market Price Returns

       3.91      13.96      5.92      4.49

WisdomTree U.S. Corporate Bond Index

       4.20      13.98      5.82      4.91

ICE BofA Merrill Lynch U.S. Corporate Index

       4.25      14.23      5.93      5.09
*

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 27, 2016.

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

 

WisdomTree Trust      9  


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

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

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    18.0%  

Health Care

    14.4%  

Industrials

    11.3%  

Materials

    8.7%  

Communication Services

    8.6%  

Consumer Staples

    8.5%  

Financials

    8.3%  

Information Technology

    8.2%  

Energy

    7.2%  

Real Estate

    3.0%  

Utilities

    1.8%  

Other Assets less Liabilities‡

    2.0%  

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  

Western Digital Corp.,
4.75%, 2/15/26

    1.3%  

Community Health Systems, Inc.,
6.25%, 3/31/23

    1.2%  

MEDNAX, Inc.,
5.25%, 12/1/23

    1.2%  

Zayo Group LLC,
5.75%, 1/15/27

    1.1%  

Tenet Healthcare Corp.,
6.75%, 6/15/23

    0.9%  

Asbury Automotive Group, Inc.,
6.00%, 12/15/24

    0.9%  

Mattel, Inc.,
6.75%, 12/31/25

    0.9%  

Tronox, Inc.,
6.50%, 4/15/26

    0.9%  

Six Flags Entertainment Corp.,
4.88%, 7/31/24

    0.8%  

Vector Group Ltd.,
6.13%, 2/1/25

    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. High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Yield Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund invests in issuers in the U.S. non-investment grade corporate bond (“junk bond”) market that are deemed to exhibit favorable fundamentals and opportunities for income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index. Prior to September 30, 2019, the WisdomTree U.S. High Yield Corporate Bond Index was named the WisdomTree Fundamental U.S. High Yield Corporate Bond Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,036.70        0.38 %1    $ 1.95  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.23        0.38 %1    $ 1.93  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       3.67      15.44      6.11      7.07

Fund Market Price Returns

       4.27      15.59      6.93      7.21

WisdomTree U.S. High Yield Corporate Bond Index

       4.30      16.12      6.93      8.15

ICE BofA Merrill Lynch U.S. High Yield Index

       3.86      14.41      6.32      7.85
*

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 27, 2016.

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

 

10   WisdomTree Trust


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

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

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    33.3%  

Information Technology

    13.9%  

Consumer Staples

    9.5%  

Health Care

    9.2%  

Industrials

    8.0%  

Consumer Discretionary

    5.9%  

Energy

    5.3%  

Communication Services

    4.8%  

Utilities

    4.5%  

Materials

    3.2%  

Real Estate

    0.6%  

U.S. Government Obligations

    0.4%  

Other Assets less Liabilities‡

    1.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

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

    2.7%  

Morgan Stanley,
2.50%, 4/21/21

    1.6%  

International Business Machines Corp.,
2.80%, 5/13/21

    1.5%  

Exxon Mobil Corp.,
2.22%, 3/1/21

    1.5%  

Lam Research Corp.,
2.80%, 6/15/21

    1.5%  

Lincoln National Corp.,
4.00%, 9/1/23

    1.5%  

Newmont Goldcorp Corp.,
3.50%, 3/15/22

    1.5%  

Interpublic Group of Cos., Inc. (The),
3.75%, 10/1/21

    1.5%  

Eversource Energy,
2.75%, 3/15/22,
Series K

    1.4%  

JPMorgan Chase & Co.,
4.50%, 1/24/22

    1.4%  
*

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

The WisdomTree U.S. Short-Term Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Short-Term Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund invests in issuers in the short-term U.S. investment grade corporate bond market that are deemed to exhibit favorable fundamentals and opportunities for income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index. Prior to September 30, 2019, the WisdomTree U.S. Short-Term Corporate Bond Index was named the WisdomTree Fundamental U.S. Short-Term Corporate Bond Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,019.00        0.18 %1    $ 0.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.23        0.18 %1    $ 0.92  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       1.90      5.95      2.97      2.49

Fund Market Price Returns

       1.90      6.25      3.22      2.42

WisdomTree U.S. Short-Term Corporate Bond Index

       2.14      6.41      3.32      2.95

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

       2.22      7.15      3.56      3.12
*

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 27, 2016.

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

 

WisdomTree Trust      11  


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

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

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    19.5%  

Health Care

    13.4%  

Energy

    10.6%  

Materials

    10.1%  

Industrials

    9.9%  

Communication Services

    8.6%  

Financials

    8.2%  

Information Technology

    5.7%  

Consumer Staples

    5.6%  

Real Estate

    4.2%  

Utilities

    1.7%  

Other Assets less Liabilities‡

    2.5%  

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  

Springleaf Finance Corp.,
6.13%, 5/15/22

    2.3%  

Clear Channel Worldwide Holdings, Inc.,
9.25%, 2/15/24

    2.1%  

NCR Corp.,
5.00%, 7/15/22

    2.1%  

MGM Resorts International,
6.00%, 3/15/23

    1.7%  

Cablevision Systems Corp.,
5.88%, 9/15/22

    1.7%  

Griffon Corp.,
5.25%, 3/1/22

    1.6%  

Nielsen Finance LLC,
5.00%, 4/15/22

    1.6%  

Zayo Group LLC,
6.00%, 4/1/23

    1.6%  

CenturyLink, Inc.,
5.80%, 3/15/22,
Series T

    1.5%  

Freeport-McMoRan, Inc.,
3.88%, 3/15/23

    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. Short-Term High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Short-Term High Yield Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund invests in issuers in the short-term U.S. non-investment-grade corporate bond (“junk bond”) market that are deemed to exhibit favorable fundamentals and opportunities for income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index. Prior to September 30, 2019, the WisdomTree U.S. Short-Term High Yield Corporate Bond Index was named the WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,026.10        0.38 %1    $ 1.94  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.23        0.38 %1    $ 1.93  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       2.61      10.15      5.04      6.08

Fund Market Price Returns

       2.69      10.39      5.88      6.21

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

       2.12      10.39      5.46      6.93

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

       2.40      10.09      5.45      7.38
*

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 27, 2016.

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

 

12   WisdomTree Trust


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

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

 

Investment Breakdown

 

Investment Type   % of Net Assets  

U.S. Government Obligations

    114.0%  

Other Assets less Liabilities‡

    -14.0%  

Total

    100.0%  

 

The Fund’s investment breakdown may change over time. 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  

U.S. Treasury Bills,
1.54%, 1/2/20

    13.9%  

U.S. Treasury Bills,
1.57%, 2/13/20

    10.9%  

U.S. Treasury Bills,
1.58%, 2/6/20

    10.5%  

U.S. Treasury Bills,
1.49%, 3/5/20

    10.4%  

U.S. Treasury Bills,
1.51%, 3/12/20

    10.4%  

U.S. Treasury Bills,
1.49%, 3/19/20

    10.4%  

U.S. Treasury Bills,
1.57%, 2/27/20

    9.0%  

U.S. Treasury Bills,
1.53%, 3/26/20

    8.4%  

U.S. Treasury Bills,
1.58%, 2/20/20

    5.5%  

U.S. Treasury Bills,
1.54%, 2/20/20

    5.3%  
*

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 Dynamic Bearish U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Bearish U.S. Equity Index (the “Index”). In seeking to track the Index, the Fund invests dynamically in long equity positions (approximately 100 U.S. large- and mid-capitalization stocks) or long U.S. Treasury positions, while also investing dynamically in or otherwise dynamically seeking exposure to short equity positions (approximately 500 U.S. large-capitalization stocks). The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 939.50        0.48 %1    $ 2.34  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.72        0.48 %1    $ 2.44  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 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

       -6.05      -18.10      -6.46      -4.27

Fund Market Price Returns

       -6.05      -18.08      -6.43      -4.28

WisdomTree Dynamic Bearish U.S. Equity Index

       -7.20      -19.88      -7.88      -5.39

S&P 500® Inverse Daily Index

       -8.78      -21.83      -11.73      -11.39
*

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 December 23, 2015.

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

 

WisdomTree Trust      13  


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    24.9%  

Health Care

    13.4%  

Communication Services

    12.9%  

Financials

    9.1%  

Industrials

    8.7%  

Consumer Discretionary

    7.5%  

Consumer Staples

    6.8%  

Real Estate

    6.7%  

Energy

    3.7%  

Utilities

    3.4%  

Materials

    2.7%  

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  

Equity Commonwealth

    2.9%  

Omnicom Group, Inc.

    2.9%  

Hormel Foods Corp.

    2.4%  

Bristol-Myers Squibb Co.

    2.4%  

Western Union Co. (The)

    2.2%  

Citrix Systems, Inc.

    2.1%  

Microsoft Corp.

    1.9%  

Medical Properties Trust, Inc.

    1.8%  

Steel Dynamics, Inc.

    1.8%  

Humana, 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 Dynamic Long/Short U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Long/Short U.S. Equity Index (the “Index”). In seeking to track the Index, the Fund invests in long equity positions (approximately 100 U.S. large- and mid-capitalization stocks), while also investing dynamically in or otherwise dynamically seeking exposure to short equity positions (approximately 500 U.S. large-capitalization stocks). The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,012.60        0.48 %1    $ 2.43  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.72        0.48 %1    $ 2.44  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 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

       1.26      -3.47      2.03      4.31

Fund Market Price Returns

       1.15      -3.38      1.94      4.21

WisdomTree Dynamic Long/Short U.S. Equity Index

       0.47      -4.76      1.83      4.32

S&P 500® Index

       10.92      31.49      15.27      14.07
*

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 December 23, 2015.

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

 

14   WisdomTree Trust


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

WisdomTree 90/60 U.S. Balanced Fund (NTSX)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    21.7%  

Health Care

    12.6%  

Financials

    12.1%  

Communication Services

    9.9%  

Consumer Discretionary

    8.8%  

Industrials

    8.3%  

Consumer Staples

    6.7%  

Energy

    3.7%  

Utilities

    2.9%  

Real Estate

    2.7%  

Materials

    2.2%  

U.S. Government Obligations

    0.5%  

Other Assets less Liabilities‡

    7.9%  

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  

Apple, Inc.

    4.4%  

Microsoft Corp.

    4.2%  

Amazon.com, Inc.

    2.7%  

Facebook, Inc., Class A

    1.8%  

JPMorgan Chase & Co.

    1.5%  

Alphabet, Inc., Class C

    1.5%  

Berkshire Hathaway, Inc., Class B

    1.5%  

Alphabet, Inc., Class A

    1.4%  

Johnson & Johnson

    1.4%  

Procter & Gamble Co. (The)

    1.1%  
*

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

The WisdomTree 90/60 U.S. Balanced Fund (the “Fund”) seeks total return. The Fund seeks total return by investing in large-capitalization U.S. equity securities and U.S. Treasury futures contracts. Under normal circumstances, the Fund will invest approximately 90% of its net assets in U.S. equity securities and the notional exposure to the U.S. Treasury futures contracts’ positions will represent approximately 60% of the Fund’s net assets.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,099.70        0.20   $ 1.06  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.13        0.20   $ 1.02  

Performance

 

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

Fund NAV Returns

       9.97      31.53      14.11

Fund Market Price Returns

       9.92      31.82      14.07

60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Index Composite

       7.51      21.83      10.35

S&P 500® Index

       10.92      31.49      12.16
*

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 2, 2018.

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

 

WisdomTree Trust      15  


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

WisdomTree Balanced Income Fund (WBAL)

 

Asset Class Breakdown

 

Asset Class Breakdown   % of Net Assets  

Fixed Income

    39.6%  

Domestic Equity

    33.0%  

International Equity

    20.7%  

Emerging Markets Equity

    6.7%  

Other Assets less Liabilities‡

    0.0%

Total

    100.0%  

 

The Fund’s asset class breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any).

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

WisdomTree U.S. High Dividend Fund (DHS)

    21.9%  

WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY)

    19.7%  

WisdomTree International High Dividend Fund (DTH)

    11.7%  

WisdomTree U.S. LargeCap Dividend Fund (DLN)

    11.1%  

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

    9.0%  

WisdomTree Emerging Markets Dividend Fund (DVEM)

    6.7%  

WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD)

    5.5%  

WisdomTree U.S. Corporate Bond Fund (WFIG)

    5.4%  

WisdomTree Emerging Markets Local Debt Fund (ELD)

    3.6%  

iShares 20+ Year Treasury Bond ETF (TLT)

    2.7%  
*

The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular Underlying Fund. Excludes derivatives and investment of cash collateral for securities on loan (if any). For a full list of current holdings information for the underlying WisdomTree funds please visit www.wisdomtree.com.

The WisdomTree Balanced Income Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Balanced Income Index (the “Index”). In seeking to track the Index, the Fund invests in other exchange-traded funds (the “Underlying Funds”) with approximately a 60% allocation to equities and a 40% allocation to fixed income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index (including indirect investments through the Underlying Funds) whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole.

Shareholder Expense Example (for the six-month period ended December 31, 2019)

 

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

Actual

   $ 1,000.00      $ 1,060.70        0.03 %1    $ 0.16  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.99        0.03 %1    $ 0.15  
1 

WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investments in Underlying Funds, as well as an additional 0.05%, through December 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. Had AFFEs been included (as shown in the net expense ratio in the Fund’s prospectus) the “Annualized Net Expense Ratio” would have been higher.

Performance

 

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

Fund NAV Returns

       6.07      18.14      5.28

Fund Market Price Returns

       6.02      18.36      5.20

WisdomTree Balanced Income Index

       5.95      17.93      5.18

60% MSCI AC World Index / 40% Bloomberg Barclays U.S. Aggregate Index Composite

       6.37      19.24      6.18
*

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 21, 2017.

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

 

16   WisdomTree Trust


Table of Contents

Performance Summary

as of December 31, 2019 (unaudited)

WisdomTree Cloud Computing Fund (WCLD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    98.1%  

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  

DocuSign, Inc.

    3.4%  

2U, Inc.

    3.0%  

LogMeIn, Inc.

    2.6%  

Box, Inc., Class A

    2.6%  

RingCentral, Inc., Class A

    2.5%  

Paylocity Holding Corp.

    2.4%  

Instructure, Inc.

    2.4%  

Adobe, Inc.

    2.4%  

New Relic, Inc.

    2.4%  

j2 Global, Inc.

    2.4%  
*

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

The WisdomTree Cloud Computing Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Bessemer Venture Partners (“BVP”) Nasdaq Emerging Cloud Index (the “Index”). In seeking to track the Index, the Fund invests in emerging public companies primarily involved in providing cloud computing software and services to their customers, which derive the majority of their revenues from business-oriented software products, as determined by BVP. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund 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 December 31, 2019)

 

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

Actual1

   $ 1,000.00      $ 1,020.00        0.45   $ 1.45  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.87        0.45   $ 2.29  
1 

Fund commenced operations on September 6, 2019. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 117/366 (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.

 

WisdomTree Trust      17  


Table of Contents

Description of Indexes (unaudited)

Below are descriptions of each Index referenced in this report:

The 60% MSCI AC World/40% Bloomberg Barclays U.S. Aggregate Index Composite represents a 60% weight to the MSCI AC World Index and a 40% weight to the Bloomberg Barclays U.S. Aggregate Index.

The 60% S&P 500 Index/40% Bloomberg Barclays U.S. Aggregate Index Composite represents a 60% weight to the S&P 500 Index and a 40% weight to the Bloomberg Barclays U.S. Aggregate Index. The Bloomberg Barclays U.S. Aggregate Index measures the performance of the U.S. investment-grade bond market.

The BVP Nasdaq Emerging Cloud Index is an equally weighted index that is designed to track the performance of emerging public companies primarily involved in providing cloud software and services to their customers.

The ICE BofA Merrill Lynch U.S. Corporate Index tracks the performance of U.S. dollar denominated investment grade corporate debt publicly issued in the U.S.

The ICE BofA Merrill Lynch U.S. High Yield Index tracks the performance of U.S. dollar denominated high yield corporate debt securities issued in the U.S.

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

The ICE BofA Merrill Lynch 1-5 Year U.S. High Yield Constrained Index tracks the performance of short-term U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market.

The MSCI China Index is a free float-adjusted market capitalization weighted index that is designed to measure the developed market equity performance in China and captures large and mid-cap representation across China H-shares, B-shares, red chips, P chips and foreign listings (e.g. ADRs). With 150 constituents, the index covers about 85% of this China equity universe.

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

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

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

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

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

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 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.

 

18   WisdomTree Trust


Table of Contents

Description of Indexes (unaudited) (continued)

 

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

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

The S&P China 500 Index comprises 500 of the largest, most liquid Chinese companies while approximating the sector composition of the broader Chinese equity market. All Chinese share classes including A-shares and offshore listings are eligible for inclusion.

The WisdomTree Balanced Income Index is comprised of exchange-traded funds listed on a major U.S. exchange and aims to maintain a 60% equity and 40% fixed income exposure. The equity exposure is diversified across both domestic (U.S.) and foreign equities, including emerging markets. The fixed income exposure includes government bonds, corporate bonds, mortgage-backed securities and other mortgage-related products.

The WisdomTree Dynamic Bearish U.S. Equity Index includes long equity positions or long U.S. Treasury positions and short equity positions. The long equity positions consist of approximately 100 U.S. large- and mid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. Stocks are weighted in the Long Equity Index according to their volatility characteristics. The Short Equity Index consists of short positions in the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge. The Index provides a dynamic allocation of exposure to the Long Equity Index ranging from 100% to 0% while employing a variable monthly hedge ratio ranging from 75% to 100% exposure to the Short Equity Index based on a quantitative rules-based market indicator that scores growth and value market signals.

The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States. To hedge the impact of changes to the value of foreign currencies relative to the U.S. dollar, a currency hedge ratio (ranging from 0% to 100%) is applied monthly using a rules-based process that combines momentum, value, and interest rate signals.

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

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the dividend-paying market in the industrialized world, excluding Canada and the United States. To hedge the impact of changes to the value of foreign currencies relative to the U.S. dollar, a currency hedge ratio (ranging from 0% to 100%) is applied monthly using a rules-based process that combines momentum, value, and interest rate signals.

The WisdomTree Dynamic Long/Short U.S. Equity Index includes long equity positions and short equity positions. The Long Equity Index consists of approximately 100 U.S. large- and mid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. Stocks are weighted in the Long Equity Index according to their volatility characteristics. The Short Equity Index consists of short positions in the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge. The Index maintains 100% exposure to the Long Equity Index while employing a variable monthly hedge ratio ranging from 0% to 100% exposure to the Short Equity Index based on a quantitative rules-based market indicator that scores growth and value market signals.

The WisdomTree Emerging Markets Dividend Index is a fundamentally weighted index that measures the performance of dividend-paying stocks selected from the following 17

 

WisdomTree Trust      19  


Table of Contents

Description of Indexes (unaudited) (continued)

emerging market nations: Brazil, Chile, China, Czech Republic, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, Turkey. Companies are weighted in the Index based on annual cash dividends paid.

The WisdomTree U.S. Corporate Bond Index is a rule-based alternatively weighted index designed to capture the performance of selected issuers in the U.S. investment grade corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $350 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated investment grade.

The WisdomTree U.S. High Yield Corporate Bond Index is a rule-based alternatively weighted index designed to capture the performance of selected issuers in the U.S. high yield corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $500 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated non-investment grade by at least one rating agency.

The WisdomTree U.S. Short-Term Corporate Bond Index is a rule-based alternatively weighted index designed to capture the performance of selected issuers in the U.S. investment-grade corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $350 million in par amount outstanding and a remaining maturity of at least one year but not more than five years. Component securities must be rated investment grade.

The WisdomTree U.S. Short-Term High Yield Corporate Bond Index is a rule-based alternatively weighted index designed to capture the performance of selected issuers in the short-term U.S. high yield corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $350 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated non-investment grade by at least one rating agency.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS 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.

 

20   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.

THE INFORMATION SET FORTH IN THE BVP NASDAQ EMERGING CLOUD INDEX IS NOT INTENDED TO BE, AND SHALL NOT BE REGARDED OR CONSTRUED AS, A RECOMMENDATION FOR A TRANSACTION OR INVESTMENT OR FINANCIAL, TAX, INVESTMENT OR OTHER ADVICE OF ANY KIND BY BESSEMER VENTURE PARTNERS. BESSEMER VENTURE PARTNERS DOES NOT PROVIDE INVESTMENT ADVICE TO WISDOM TREE OR THE FUND, IS NOT AN INVESTMENT ADVISER TO THE FUND AND IS NOT RESPONSIBLE FOR THE PERFORMANCE OF THE FUND.THE FUND IS NOT ISSUED, SPONSORED, ENDORSED OR PROMOTED BY BESSEMER VENTURE PARTNERS. BESSEMER VENTURE PARTNERS MAKES NO WARRANTY OR REPRESENTATION REGARDING THE QUALITY, ACCURACY OR COMPLETENESS OF THE BVP NASDAQ EMERGING CLOUD INDEX, INDEX VALUES OR ANY INDEX RELATED DATA INCLUDED HEREIN, PROVIDED HEREWITH OR DERIVED THEREFROM AND ASSUMES NO LIABILITY IN CONNECTION WITH ITS USE. BESSEMER VENTURE PARTNERS AND/OR POOLED INVESTMENT VEHICLES WHICH IT MANAGES, AND INDIVIDUALS AND ENTITIES AFFILIATED WITH SUCH VEHICLES, MAY PURCHASE,SELL OR HOLD SECURITIES OF ISSUERS THAT ARE CONSTITUENTS OF THE BVP NASDAQ EMERGING CLOUD INDEX FROM TIME TO TIME AND AT ANY TIME, INCLUDING IN ADVANCE OF OR FOLLOWING AN ISSUER BEING ADDED TO OR REMOVED FROM THE BVP NASDAQ EMERGING CLOUD INDEX.

Nasdaq® and the BVP Nasdaq Emerging Cloud Index are registered trademarks and service marks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by WisdomTree. The fund has not been passed on by the Corporations as to its legality or suitability. The fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, 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      21  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.5%

 

Australia – 6.9%

 

AGL Energy Ltd.

     17,944      $ 258,960  

Alumina Ltd.

     139,853        226,112  

APA Group

     24,737        193,017  

Aristocrat Leisure Ltd.

     6,977        165,134  

ASX Ltd.

     4,036        222,458  

Aurizon Holdings Ltd.

     56,690        208,417  

Australia & New Zealand Banking Group Ltd.

     55,030        952,771  

Bank of Queensland Ltd.(a)

     8,608        43,870  

Bendigo & Adelaide Bank Ltd.(a)

     13,263        91,181  

BHP Group Ltd.

     46,697        1,277,575  

BHP Group PLC

     38,442        904,854  

Boral Ltd.

     34,650        109,120  

Brambles Ltd.

     21,287        175,375  

Caltex Australia Ltd.

     8,372        199,799  

Challenger Ltd.

     16,457        93,589  

CIMIC Group Ltd.

     5,032        117,224  

Commonwealth Bank of Australia

     32,104        1,803,144  

Crown Resorts Ltd.

     23,480        198,228  

CSL Ltd.

     2,366        458,639  

CSR Ltd.

     13,065        41,787  

Downer EDI Ltd.

     22,683        130,271  

Fortescue Metals Group Ltd.

     52,129        391,725  

GUD Holdings Ltd.

     12,731        99,337  

Harvey Norman Holdings Ltd.(a)

     50,827        145,416  

Iluka Resources Ltd.

     2,040        13,336  

Incitec Pivot Ltd.

     35,919        80,293  

Infomedia Ltd.

     30,620        44,986  

Insurance Australia Group Ltd.

     41,079        221,194  

IOOF Holdings Ltd.(a)

     15,060        83,209  

Japara Healthcare Ltd.(a)

     45,039        31,185  

Macquarie Group Ltd.

     5,461        529,180  

Magellan Financial Group Ltd.

     3,548        142,037  

Medibank Pvt Ltd.

     62,238        138,251  

National Australia Bank Ltd.

     62,642        1,084,562  

New Hope Corp., Ltd.(a)

     15,043        21,783  

NIB Holdings Ltd.

     17,297        76,236  

Origin Energy Ltd.

     17,819        105,844  

Pendal Group Ltd.

     16,417        99,131  

Perpetual Ltd.(a)

     3,109        89,867  

Platinum Asset Management Ltd.(a)

     26,495        84,183  

QBE Insurance Group Ltd.

     23,059        208,776  

Ramsay Health Care Ltd.

     4,034        205,673  

Rio Tinto Ltd.

     6,402        451,829  

Santos Ltd.

     32,070        184,407  

Service Stream Ltd.

     21,286        39,802  

Sims Metal Management Ltd.

     842        6,315  

Sonic Healthcare Ltd.

     10,776        217,781  

South32 Ltd.

     87,947        166,920  

Suncorp Group Ltd.

     24,236        220,796  

Sydney Airport

     62,727        381,854  

Tabcorp Holdings Ltd.

     57,943        184,512  

Telstra Corp., Ltd.

     143,070        356,022  

Transurban Group

     44,228      463,553  

Treasury Wine Estates Ltd.

     10,297        117,550  

Wesfarmers Ltd.

     30,295        881,649  

Westpac Banking Corp.

     79,146        1,348,053  

Whitehaven Coal Ltd.

     41,705        77,396  

Woodside Petroleum Ltd.

     22,330        539,659  

Woolworths Group Ltd.

     18,722        475,888  

Worley Ltd.

     8,252        88,809  
     

 

 

 
Total Australia

 

     17,970,524  
Austria – 0.5%

 

Andritz AG

     3,105        133,838  

BAWAG Group AG*(b)

     2,575        117,352  

Erste Group Bank AG*

     6,387        240,605  

Lenzing AG

     405        37,642  

Oesterreichische Post AG

     3,184        121,517  

OMV AG

     6,091        342,404  

Porr AG(a)

     1,767        30,625  

Raiffeisen Bank International AG

     4,089        102,768  

UNIQA Insurance Group AG

     11,906        121,550  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     4,599        131,124  
     

 

 

 
Total Austria

 

     1,379,425  
Belgium – 1.2%

 

Ageas

     4,823        285,200  

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

     15,620        1,274,856  

Colruyt S.A.

     2,477        129,234  

KBC Group N.V.

     9,071        682,818  

Proximus SADP

     9,306        266,581  

Solvay S.A.

     1,930        223,792  

UCB S.A.

     2,342        186,389  

Umicore S.A.

     3,492        169,961  
     

 

 

 
Total Belgium

 

     3,218,831  
China – 3.1%

 

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     20,000        30,185  

China Everbright International Ltd.

     100,666        80,747  

China Jinmao Holdings Group Ltd.

     258,000        200,988  

China Mobile Ltd.

     366,000        3,076,696  

China Overseas Grand Oceans Group Ltd.

     148,000        102,379  

China Overseas Land & Investment Ltd.

     142,000        553,107  

China Resources Power Holdings Co., Ltd.

     166,000        233,071  

China Taiping Insurance Holdings Co., Ltd.

     15,000        37,193  

China Unicom Hong Kong Ltd.

     248,000        233,620  

CITIC Ltd.

     410,000        548,294  

CITIC Telecom International Holdings Ltd.

     115,000        41,916  

CNOOC Ltd.

     981,000        1,631,685  

CSPC Pharmaceutical Group Ltd.

     62,000        147,843  

Dah Chong Hong Holdings Ltd.

     433,000        204,502  

Fosun International Ltd.

     175,000        255,140  

Genertec Universal Medical Group Co., Ltd.(b)

     127,500        96,544  

Guangdong Investment Ltd.

     124,000        259,401  

Shenzhen Investment Ltd.

     428,000        171,380  

Sino-Ocean Group Holding Ltd.

     318,500        127,943  
     

 

 

 
Total China

 

     8,032,634  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2019

 

 

 

Investments    Shares      Value  
Denmark – 1.2%

 

AP Moller – Maersk A/S Class B

     91      $ 131,340  

Coloplast A/S Class B

     2,518        312,585  

Danske Bank A/S

     22,957        371,754  

DSV Panalpina A/S

     804        92,731  

GN Store Nord A/S

     4        188  

H. Lundbeck A/S

     4,118        157,371  

ISS A/S

     3,329        79,937  

Novo Nordisk A/S Class B

     17,989        1,044,832  

Novozymes A/S Class B

     959        46,963  

Orsted A/S(b)

     3,178        328,923  

Pandora A/S

     3,692        160,724  

Rockwool International A/S Class B

     59        13,986  

Sydbank A/S

     510        10,710  

Topdanmark A/S

     2,003        98,811  

Tryg A/S

     7,036        208,744  

Vestas Wind Systems A/S

     1,086        109,824  
     

 

 

 
Total Denmark

 

     3,169,423  
Finland – 1.8%

 

Elisa Oyj

     3,462        191,390  

Fiskars Oyj Abp(a)

     6,560        82,914  

Fortum Oyj

     21,200        523,534  

Huhtamaki Oyj

     851        39,528  

Kemira Oyj

     4,990        74,273  

Kesko Oyj Class B

     2,160        152,944  

Kone Oyj Class B

     5,672        371,058  

Metso Oyj(a)

     3,836        151,482  

Neste Oyj

     8,622        300,217  

Nokian Renkaat Oyj

     3,428        98,622  

Nordea Bank Abp

     143,051        1,155,894  

Orion Oyj Class B

     3,233        149,770  

Sampo Oyj Class A

     10,449        456,375  

Stora Enso Oyj Class R

     13,870        201,853  

Tieto Oyj

     3,403        105,887  

UPM-Kymmene Oyj

     12,605        437,349  

Valmet Oyj

     1,550        37,164  

Wartsila Oyj Abp

     8,559        94,634  
     

 

 

 
Total Finland

 

     4,624,888  
France – 10.9%

 

Accor S.A.

     5,040        236,196  

Aeroports de Paris

     1,050        207,556  

Air Liquide S.A.

     3,529        499,916  

Airbus SE

     4,177        611,779  

ALD S.A.(b)

     8,781        136,416  

Amundi S.A.(b)

     3,727        292,431  

AXA S.A.

     47,272        1,332,407  

BioMerieux

     492        43,823  

BNP Paribas S.A.

     30,732        1,822,458  

Bollore S.A.

     22,625        98,793  

Bollore S.A. Non-Voting Shares*

     136        579  

Bouygues S.A.

     7,733        328,809  

Bureau Veritas S.A.

     6,826        178,222  

Capgemini SE

     1,525        186,416  

Carrefour S.A.

     9,835      165,045  

Cie de Saint-Gobain

     8,345        341,905  

Cie Generale des Etablissements Michelin SCA

     2,165        265,136  

Cie Plastic Omnium S.A.

     3,859        107,860  

CNP Assurances

     12,955        257,829  

Covivio

     1,765        200,499  

Credit Agricole S.A.

     66,772        968,749  

Danone S.A.

     7,682        637,243  

Dassault Systemes SE

     979        161,048  

Edenred

     3,309        171,232  

Eiffage S.A.

     1,347        154,225  

Electricite de France S.A.

     32,394        361,004  

Elis S.A.

     4,438        92,161  

Engie S.A.

     55,959        904,521  

EssilorLuxottica S.A.

     3,493        532,457  

Eutelsat Communications S.A.

     8,299        134,983  

Faurecia SE

     2,624        141,469  

Gaztransport Et Technigaz S.A.

     1,140        109,282  

Hermes International

     426        318,567  

ICADE

     2,388        260,145  

Ipsen S.A.

     322        28,554  

JCDecaux S.A.

     3,705        114,285  

Kering S.A.

     1,051        690,388  

Klepierre S.A.

     8,012        304,429  

L’Oreal S.A.

     3,349        992,442  

Legrand S.A.

     2,770        225,861  

LVMH Moet Hennessy Louis Vuitton SE

     3,420        1,590,092  

Metropole Television S.A.

     4,676        88,075  

Natixis S.A.

     78,532        348,906  

Nexity S.A.

     2,349        118,074  

Orange S.A.

     46,475        684,446  

Pernod Ricard S.A.

     1,690        302,386  

Peugeot S.A.

     11,987        286,600  

Publicis Groupe S.A.

     2,257        102,251  

Renault S.A.

     6,820        322,907  

Rubis SCA

     1,995        122,606  

Safran S.A.

     2,724        420,891  

Sanofi

     19,654        1,977,161  

Schneider Electric SE

     6,803        698,727  

SEB S.A.

     506        75,201  

Societe Generale S.A.

     21,525        749,378  

Sodexo S.A.

     2,216        262,800  

Sopra Steria Group

     623        100,352  

SPIE S.A.

     4,593        93,626  

Suez

     14,024        212,280  

Teleperformance

     653        159,353  

Thales S.A.

     1,575        163,570  

TOTAL S.A.

     54,146        2,990,320  

Valeo S.A.

     5,300        186,866  

Veolia Environnement S.A.

     11,867        315,834  

Vicat S.A.

     1,035        46,878  

Vinci S.A.

     6,442        715,883  

Vivendi S.A.

     11,430        331,275  

Wendel S.A.

     924        122,907  
     

 

 

 
Total France

 

     28,206,765  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2019

 

 

 

Investments    Shares      Value  
Germany – 8.1%

 

adidas AG

     1,218      $ 396,216  

Allianz SE Registered Shares

     5,887        1,443,221  

Aurubis AG

     1,813        111,360  

BASF SE

     17,821        1,347,274  

Bayer AG Registered Shares

     19,056        1,557,431  

Bayerische Motoren Werke AG

     12,253        1,005,967  

Brenntag AG

     3,535        192,370  

Carl Zeiss Meditec AG Bearer Shares

     839        107,080  

Commerzbank AG

     21,161        131,046  

Continental AG

     3,003        388,526  

Covestro AG(b)

     3,920        182,388  

Daimler AG Registered Shares

     28,137        1,559,291  

Deutsche Boerse AG

     1,940        305,198  

Deutsche Lufthansa AG Registered Shares

     9,644        177,645  

Deutsche Post AG Registered Shares

     21,119        806,243  

Deutsche Telekom AG Registered Shares

     80,470        1,316,072  

Deutsche Wohnen SE Bearer Shares

     3,474        142,022  

Duerr AG

     2,127        72,534  

E.ON SE

     38,222        408,619  

Evonik Industries AG

     9,486        289,733  

Fielmann AG

     2,380        192,352  

Fraport AG Frankfurt Airport Services Worldwide

     1,896        161,280  

Freenet AG

     6,966        159,827  

Fresenius Medical Care AG & Co. KGaA

     2,727        201,907  

Fresenius SE & Co. KGaA

     4,502        253,584  

Fuchs Petrolub SE

     2,332        104,576  

GEA Group AG

     3,622        119,857  

Hannover Rueck SE

     1,872        362,057  

HeidelbergCement AG

     2,822        205,773  

Henkel AG & Co. KGaA

     2,405        226,767  

Hochtief AG

     1,452        185,316  

Hugo Boss AG

     2,309        112,124  

Infineon Technologies AG

     8,541        194,717  

KION Group AG

     1,584        109,456  

LEG Immobilien AG

     1,578        186,961  

METRO AG

     8,650        139,333  

MTU Aero Engines AG

     475        135,750  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     2,173        641,507  

ProSiebenSat.1 Media SE

     9,234        144,179  

RWE AG

     8,870        272,312  

SAP SE

     6,490        876,534  

Siemens AG Registered Shares

     10,969        1,434,922  

Siemens Healthineers AG(b)

     8,283        398,126  

Software AG

     3,102        108,290  

Symrise AG

     828        87,181  

Talanx AG

     5,188        257,283  

Telefonica Deutschland Holding AG

     136,385        395,590  

TUI AG

     21,907        280,333  

Uniper SE

     5,847        193,682  

Volkswagen AG

     3,804        739,775  

Wacker Chemie AG

     1,075        81,620  

Wirecard AG

     245        29,564  
     

 

 

 
Total Germany

 

     20,932,771  
Hong Kong – 2.5%

 

AIA Group Ltd.

     66,000      692,882  

Bank of East Asia Ltd. (The)

     74,149        165,583  

BOC Hong Kong Holdings Ltd.

     168,500        584,964  

Cathay Pacific Airways Ltd.(a)

     59,000        87,230  

CLP Holdings Ltd.

     33,000        346,865  

Galaxy Entertainment Group Ltd.

     41,000        302,035  

Hang Lung Properties Ltd.

     99,000        217,267  

Hang Seng Bank Ltd.

     24,200        500,038  

Henderson Land Development Co., Ltd.

     74,000        363,267  

Hong Kong & China Gas Co., Ltd.

     69,213        135,196  

Hong Kong Exchanges & Clearing Ltd.

     10,905        354,086  

MTR Corp., Ltd.

     58,643        346,584  

New World Development Co., Ltd.

     165,010        226,175  

PCCW Ltd.

     280,000        165,661  

Power Assets Holdings Ltd.

     42,500        310,904  

Sino Land Co., Ltd.

     122,000        177,243  

SJM Holdings Ltd.

     98,000        111,561  

Sun Hung Kai Properties Ltd.

     38,000        581,817  

Swire Pacific Ltd. Class A

     9,000        83,626  

Swire Pacific Ltd. Class B

     90,000        134,680  

Swire Properties Ltd.

     57,800        191,757  

Techtronic Industries Co., Ltd.

     18,000        146,808  

Wharf Holdings Ltd. (The)

     46,000        117,010  

Wheelock & Co., Ltd.

     32,000        213,353  
     

 

 

 
Total Hong Kong

 

     6,556,592  
Ireland – 0.5%

 

AIB Group PLC

     49,054        171,026  

Bank of Ireland Group PLC

     17,436        95,550  

CRH PLC*

     8,375        335,331  

DCC PLC

     1,150        99,696  

Flutter Entertainment PLC

     1,475        179,394  

Greencore Group PLC

     8,582        30,458  

Smurfit Kappa Group PLC

     3,954        152,058  

Total Produce PLC

     48,276        77,491  
     

 

 

 
Total Ireland

 

     1,141,004  
Israel – 0.3%

 

Delek Automotive Systems Ltd.

     21,502        138,138  

Delek Group Ltd.

     604        91,747  

First International Bank of Israel Ltd.

     7,320        211,695  

Harel Insurance Investments & Financial Services Ltd.

     14,835        115,751  

Israel Chemicals Ltd.

     24,215        113,924  

Menora Mivtachim Holdings Ltd.

     6,259        91,493  

Migdal Insurance & Financial Holdings Ltd.

     76,765        72,453  
     

 

 

 
Total Israel

 

     835,201  
Italy – 3.4%

 

A2A SpA

     79,958        150,067  

ACEA SpA

     5,548        114,837  

Ascopiave SpA

     26,102        111,777  

Assicurazioni Generali SpA

     20,567        424,675  

ASTM SpA

     2,367        71,632  

Azimut Holding SpA

     4,599        109,855  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2019

 

 

 

Investments    Shares      Value  

Banca Generali SpA

     3,428      $ 111,436  

Banca Mediolanum SpA

     23,344        232,033  

Credito Emiliano SpA

     26,496        154,360  

DiaSorin SpA

     754        97,670  

Enel SpA

     163,844        1,300,645  

Eni SpA

     74,181        1,152,931  

ERG SpA

     4,468        96,395  

Esprinet SpA

     21,048        122,385  

Ferrari N.V.

     539        89,484  

FinecoBank Banca Fineco SpA

     10,612        127,339  

Hera SpA

     29,034        127,104  

IMA Industria Macchine Automatiche SpA

     553        39,790  

Infrastrutture Wireless Italiane SpA(b)

     15,586        152,734  

Intesa Sanpaolo SpA

     631,930        1,665,888  

Italgas SpA

     19,797        120,977  

Leonardo SpA

     3,533        41,442  

Mediobanca Banca di Credito Finanziario SpA

     16,946        186,681  

Piaggio & C. SpA

     9,133        28,172  

Pirelli & C SpA(b)

     17,937        103,490  

Poste Italiane SpA(b)

     24,977        283,731  

Recordati SpA

     3,051        128,668  

Saras SpA

     51,391        82,722  

Snam SpA

     66,827        351,512  

Societa Cattolica di Assicurazioni SC

     12,738        103,949  

Societa Iniziative Autostradali e Servizi SpA

     7,088        118,867  

Telecom Italia SpA RSP

     156,705        96,007  

Terna Rete Elettrica Nazionale SpA

     35,811        239,338  

UniCredit SpA

     18,173        265,597  

Unipol Gruppo SpA

     17,060        97,894  

UnipolSai Assicurazioni SpA

     77,730        225,982  
     

 

 

 
Total Italy

 

     8,928,066  
Japan – 20.5%

 

Advantest Corp.

     3,500        198,390  

Aeon Co., Ltd.

     11,400        236,602  

AGC, Inc.

     5,100        184,431  

Ahresty Corp.

     21,000        108,213  

Aisin Seiki Co., Ltd.

     6,600        247,177  

Ajinomoto Co., Inc.

     8,400        140,290  

Amada Holdings Co., Ltd.

     12,000        138,026  

ANA Holdings, Inc.

     6,800        227,887  

Aozora Bank Ltd.(a)

     6,200        164,934  

Artnature, Inc.

     30,000        230,780  

Asahi Group Holdings Ltd.(a)

     5,500        252,188  

Asahi Kasei Corp.

     19,100        216,880  

Astellas Pharma, Inc.

     25,600        440,506  

Azbil Corp.

     4,000        113,550  

Bank of the Ryukyus Ltd.

     11,100        122,669  

Bridgestone Corp.(a)

     10,900        408,217  

Brother Industries Ltd.

     6,400        133,742  

Canon Electronics, Inc.

     8,100        156,671  

Canon, Inc.(a)

     23,700        651,300  

Chiba Bank Ltd. (The)

     26,900        156,685  

Chubu Electric Power Co., Inc.

     11,600        164,540  

Citizen Watch Co., Ltd.

     17,700      97,234  

Concordia Financial Group Ltd.

     36,200        150,563  

Dai Nippon Toryo Co., Ltd.

     17,700        191,699  

Dai-ichi Life Holdings, Inc.

     17,100        285,826  

Daido Steel Co., Ltd.

     4,000        176,858  

Daifuku Co., Ltd.

     1,600        98,054  

Daiichi Sankyo Co., Ltd.

     4,200        279,343  

Daikin Industries Ltd.

     1,700        241,684  

Daito Trust Construction Co., Ltd.

     1,500        186,059  

Daiwa House Industry Co., Ltd.

     10,000        311,939  

Daiwa Securities Group, Inc.

     42,900        218,299  

Denso Corp.

     10,300        470,668  

Dentsu, Inc.(a)

     3,900        135,473  

DIC Corp.(a)

     4,500        125,673  

Disco Corp.

     600        142,995  

Dowa Holdings Co., Ltd.

     3,700        138,739  

East Japan Railway Co.

     3,400        308,417  

Electric Power Development Co., Ltd.

     5,900        143,706  

Elematec Corp.

     8,800        93,527  

Enplas Corp.

     3,400        112,160  

FamilyMart Co., Ltd.

     4,000        96,618  

FANUC Corp.

     4,700        879,236  

Fast Retailing Co., Ltd.

     400        239,245  

Fuji Electric Co., Ltd.

     2,800        86,184  

Fujitsu Ltd.

     3,300        311,856  

Fukuoka Financial Group, Inc.

     7,500        145,273  

Hakuto Co., Ltd.

     13,000        162,926  

Hamamatsu Photonics K.K.

     2,800        115,813  

Hikari Tsushin, Inc.

     600        151,442  

Hino Motors Ltd.

     19,200        205,295  

Hirose Electric Co., Ltd.(a)

     900        116,190  

Hitachi Chemical Co., Ltd.

     3,400        143,133  

Hitachi Construction Machinery Co., Ltd.

     5,200        157,184  

Hitachi High-Technologies Corp.

     1,500        106,832  

Hitachi Ltd.

     8,400        357,565  

Hitachi Metals Ltd.

     8,200        121,708  

Hokuhoku Financial Group, Inc.

     12,300        130,385  

Honda Motor Co., Ltd.(a)

     26,700        761,383  

Hulic Co., Ltd.

     20,300        245,823  

Ichiken Co., Ltd.

     6,000        99,434  

Idemitsu Kosan Co., Ltd.

     5,000        139,406  

IHI Corp.

     3,800        90,004  

Ines Corp.

     10,200        128,398  

Isuzu Motors Ltd.

     15,000        179,296  

ITOCHU Corp.

     30,100        701,987  

Iyo Bank Ltd. (The)

     30,600        174,576  

Japan Airlines Co., Ltd.

     7,000        218,808  

Japan Exchange Group, Inc.

     11,400        202,457  

Japan Post Holdings Co., Ltd.

     58,100        548,522  

Japan Post Insurance Co., Ltd.

     8,600        147,349  

Japan Tobacco, Inc.(a)

     45,200        1,011,723  

JFE Holdings, Inc.

     19,800        257,077  

JSR Corp.

     7,200        133,300  

JTEKT Corp.

     12,100        144,855  

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2019

 

 

 

Investments    Shares      Value  

JXTG Holdings, Inc.

     77,100      $ 353,238  

Kaga Electronics Co., Ltd.

     7,000        162,448  

Kajima Corp.

     11,900        159,652  

Kansai Electric Power Co., Inc. (The)

     17,000        197,805  

Kansai Paint Co., Ltd.

     3,600        88,679  

Kao Corp.

     3,400        282,356  

Kawasaki Heavy Industries Ltd.

     5,900        130,731  

KDDI Corp.

     32,500        972,832  

Keio Corp.

     2,100        127,729  

Keyence Corp.

     130        46,043  

Kobe Steel Ltd.

     13,300        72,084  

Koito Manufacturing Co., Ltd.

     2,400        112,629  

Komatsu Ltd.

     17,900        435,167  

Kuraray Co., Ltd.

     10,100        123,700  

Kyokuto Securities Co., Ltd.

     21,100        144,259  

Kyowa Exeo Corp.

     4,000        101,845  

Kyowa Kirin Co., Ltd.

     8,200        194,144  

Kyushu Electric Power Co., Inc.

     12,800        111,304  

Kyushu Railway Co.

     6,000        201,518  

Lawson, Inc.

     4,300        244,923  

LIXIL Group Corp.

     7,800        135,580  

Mabuchi Motor Co., Ltd.

     3,900        148,930  

Makita Corp.

     3,900        136,729  

Marubeni Corp.

     37,700        281,202  

Marubun Corp.

     26,500        156,549  

Matsui Securities Co., Ltd.(a)

     14,500        115,546  

Maxell Holdings Ltd.

     1,800        24,464  

Mazda Motor Corp.

     11,900        102,712  

McDonald’s Holdings Co., Japan Ltd.

     4,200        202,512  

MEIJI Holdings Co., Ltd.

     2,300        156,190  

MINEBEA MITSUMI, Inc.

     6,800        142,476  

Mitsubishi Chemical Holdings Corp.

     37,100        279,082  

Mitsubishi Corp.

     25,800        688,475  

Mitsubishi Electric Corp.

     28,400        391,602  

Mitsubishi Gas Chemical Co., Inc.

     8,900        137,093  

Mitsubishi Heavy Industries Ltd.

     5,000        195,445  

Mitsubishi Logistics Corp.

     4,600        120,508  

Mitsubishi Motors Corp.

     30,500        128,539  

Mitsubishi Tanabe Pharma Corp.

     13,500        249,441  

Mitsubishi UFJ Financial Group, Inc.

     180,600        985,801  

Mitsui Chemicals, Inc.

     5,400        133,168  

Mitsui Fudosan Co., Ltd.

     10,200        250,788  

Mixi, Inc.

     7,300        139,048  

Mizuho Financial Group, Inc.

     467,600        724,151  

MS&AD Insurance Group Holdings, Inc.

     9,400        312,339  

Murata Manufacturing Co., Ltd.

     5,700        353,827  

NGK Insulators Ltd.

     13,100        229,514  

NGK Spark Plug Co., Ltd.

     5,500        108,001  

Nichi-iko Pharmaceutical Co., Ltd.

     13,800        172,825  

Nikon Corp.

     9,500        117,488  

Nintendo Co., Ltd.

     1,400        566,441  

Nippon Express Co., Ltd.

     2,500        147,688  

Nippon Kayaku Co., Ltd.

     9,200        114,709  

Nippon Paint Holdings Co., Ltd.(a)

     2,900        150,504  

Nippon Signal Co., Ltd.

     8,500      114,272  

Nippon Steel Corp.

     15,500        235,905  

Nippon Telegraph & Telephone Corp.

     57,600        1,461,267  

Nissan Chemical Corp.

     2,400        101,477  

Nissan Motor Co., Ltd.

     118,200        691,852  

Nitto Denko Corp.

     3,600        204,720  

NSK Ltd.

     17,700        169,549  

NTN Corp.

     42,500        134,921  

NTT DOCOMO, Inc.

     60,300        1,685,681  

Obayashi Corp.

     16,600        185,896  

Oji Holdings Corp.

     19,500        106,763  

Ono Pharmaceutical Co., Ltd.

     8,200        188,787  

Otsuka Holdings Co., Ltd.(a)

     7,400        332,498  

Panasonic Corp.

     40,500        383,665  

Park24 Co., Ltd.

     4,600        112,974  

Pola Orbis Holdings, Inc.(a)

     4,400        105,835  

Recruit Holdings Co., Ltd.

     5,700        214,992  

Resona Holdings, Inc.

     51,700        227,875  

Ricoh Co., Ltd.

     9,600        105,297  

Rohm Co., Ltd.

     1,500        121,187  

Roland DG Corp.(a)

     5,400        108,323  

Satori Electric Co., Ltd.(a)

     12,500        110,536  

SBI Holdings, Inc.

     4,500        95,859  

Secom Co., Ltd.

     2,500        224,914  

Seika Corp.(a)

     12,600        156,290  

Seiko Epson Corp.

     7,800        118,785  

Sekisui Chemical Co., Ltd.

     11,900        208,490  

Sekisui House Ltd.

     21,500        461,654  

Seven & I Holdings Co., Ltd.

     10,000        368,346  

SG Holdings Co., Ltd.

     5,900        133,554  

Sharp Corp.

     8,400        130,242  

Shimano, Inc.

     800        130,812  

Shimizu Corp.

     18,000        184,845  

Shin-Etsu Chemical Co., Ltd.

     4,200        466,087  

Shindengen Electric Manufacturing Co., Ltd.

     3,400        118,887  

Shizuoka Bank Ltd. (The)

     15,300        115,164  

Softbank Corp.

     50,800        682,242  

SoftBank Group Corp.

     3,300        144,420  

Sojitz Corp.

     44,200        143,164  

Sompo Holdings, Inc.

     6,000        237,405  

Sony Corp.

     2,000        136,204  

Sony Financial Holdings, Inc.

     7,200        174,112  

Subaru Corp.

     17,300        431,963  

SUMCO Corp.(a)

     8,500        142,820  

Sumitomo Chemical Co., Ltd.

     38,700        177,342  

Sumitomo Corp.

     29,800        445,320  

Sumitomo Electric Industries Ltd.

     16,400        249,301  

Sumitomo Metal Mining Co., Ltd.

     4,900        159,794  

Sumitomo Mitsui Financial Group, Inc.(a)

     24,100        895,475  

Sumitomo Mitsui Trust Holdings, Inc.

     8,500        339,218  

Sumitomo Rubber Industries Ltd.(a)

     12,900        158,705  

Suntory Beverage & Food Ltd.

     3,900        163,106  

Suzuki Motor Corp.

     4,100        172,300  

T&D Holdings, Inc.

     14,700        188,696  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2019

 

 

 

Investments    Shares      Value  

T. RAD Co., Ltd.

     8,300      $ 156,873  

Taiheiyo Cement Corp.

     3,100        91,709  

Taisei Corp.

     4,200        175,652  

Taiyo Nippon Sanso Corp.

     4,100        91,602  

Takeda Pharmaceutical Co., Ltd.

     20,300        809,198  

TDK Corp.

     1,400        159,614  

Terumo Corp.

     5,300        189,469  

Toho Bank Ltd. (The)

     77,100        193,681  

Toho Co., Ltd.

     3,300        138,012  

Tohoku Electric Power Co., Inc.

     15,300        152,331  

Tokio Marine Holdings, Inc.

     8,900        501,119  

Tokyo Electron Ltd.

     3,700        814,562  

Tokyo Steel Manufacturing Co., Ltd.

     3,800        27,624  

Toray Industries, Inc.

     17,600        120,022  

Torishima Pump Manufacturing Co., Ltd.

     16,400        138,987  

Tosoh Corp.

     8,700        135,694  

TOTO Ltd.

     2,900        123,819  

Toyota Motor Corp.

     39,574        2,809,053  

Toyota Tsusho Corp.

     7,700        273,494  

Unicharm Corp.

     4,700        160,018  

Yamaguchi Financial Group, Inc.

     16,400        112,276  

Yamaha Corp.

     2,900        162,245  

Yamaha Motor Co., Ltd.(a)

     8,400        170,280  

Yamato Holdings Co., Ltd.

     2,400        41,231  

Yokogawa Electric Corp.

     4,100        72,776  

Yokohama Rubber Co., Ltd. (The)

     8,400        164,715  

Z Holdings Corp.

     75,500        320,271  
     

 

 

 
Total Japan

 

     53,242,445  
Netherlands – 2.2%

 

ABN AMRO Bank N.V. CVA(b)

     23,802        433,362  

Aegon N.V.

     53,020        242,047  

Akzo Nobel N.V.

     1,728        175,813  

Arcadis N.V.

     1,775        41,403  

ASML Holding N.V.

     2,035        602,366  

BE Semiconductor Industries N.V.

     3,182        123,084  

Heineken Holding N.V.

     2,759        267,579  

Heineken N.V.

     4,057        432,264  

IMCD N.V.

     1,143        99,819  

ING Groep N.V.

     86,621        1,039,216  

Koninklijke Ahold Delhaize N.V.

     16,059        401,895  

Koninklijke DSM N.V.

     1,549        201,869  

Koninklijke KPN N.V.(a)

     81,080        239,453  

Koninklijke Philips N.V.

     9,992        488,121  

Koninklijke Vopak N.V.

     2,476        134,324  

NN Group N.V.

     5,581        211,871  

Ordina N.V.

     41,150        93,998  

Randstad N.V.

     3,906        238,691  

Rhi Magnesita N.V.

     490        24,978  

SBM Offshore N.V.

     126        2,346  

Signify N.V.(b)

     2,908        90,941  

Wolters Kluwer N.V.

     3,061        223,407  
     

 

 

 
Total Netherlands

 

     5,808,847  
New Zealand – 0.5%

 

Air New Zealand Ltd.

     46,881      92,671  

Chorus Ltd.

     20,387        85,000  

Genesis Energy Ltd.

     64,148        130,914  

Heartland Group Holdings Ltd.(a)

     50,732        63,319  

Infratil Ltd.

     43,502        147,917  

Mainfreight Ltd.

     3,632        104,139  

Metlifecare Ltd.

     34,755        160,146  

Port of Tauranga Ltd.

     35,510        190,457  

Ryman Healthcare Ltd.

     10,846        119,491  

Spark New Zealand Ltd.

     52,841        154,361  

Summerset Group Holdings Ltd.

     16,916        101,570  

Z Energy Ltd.

     896        2,660  
     

 

 

 
Total New Zealand

 

     1,352,645  
Norway – 1.7%

 

ABG Sundal Collier Holding ASA

     329,004        149,389  

AF Gruppen ASA

     5,905        118,271  

Aker ASA Class A

     2,059        127,351  

Aker BP ASA

     9,844        322,633  

Austevoll Seafood ASA

     7,834        80,281  

Borregaard ASA

     2,647        28,617  

DNB ASA

     29,966        559,264  

DNO ASA

     30,261        39,844  

Equinor ASA

     58,999        1,178,328  

Gjensidige Forsikring ASA

     8,615        180,637  

Kongsberg Gruppen ASA

     5,377        84,443  

Mowi ASA

     12,054        313,034  

Norsk Hydro ASA

     38,164        141,758  

Orkla ASA

     16,352        165,543  

Salmar ASA

     3,115        159,272  

SpareBank 1 SMN

     11,154        127,187  

Telenor ASA

     25,504        456,978  

TGS Nopec Geophysical Co. ASA

     3,080        93,620  
     

 

 

 
Total Norway

 

     4,326,450  
Portugal – 0.4%

 

Corticeira Amorim, SGPS, S.A.

     7,378        93,585  

EDP – Energias de Portugal S.A.

     65,798        285,388  

Galp Energia, SGPS, S.A.

     16,996        284,262  

Navigator Co. S.A. (The)

     32,480        130,814  

NOS, SGPS, S.A.

     23,136        124,657  

Semapa-Sociedade de Investimento e Gestao

     5,558        85,597  
     

 

 

 
Total Portugal

 

     1,004,303  
Singapore – 1.9%

 

Asian Pay Television Trust

     157,000        19,732  

CapitaLand Ltd.

     70,800        197,449  

China Aviation Oil Singapore Corp., Ltd.

     100,000        94,448  

CSE Global Ltd.

     312,600        127,862  

DBS Group Holdings Ltd.

     49,600        954,634  

Frasers Property Ltd.

     127,900        160,749  

Genting Singapore Ltd.

     227,100        155,380  

Hutchison Port Holdings Trust

     303,000        52,116  

Jardine Cycle & Carriage Ltd.

     7,000        156,695  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2019

 

 

 

Investments    Shares      Value  

Keppel Corp., Ltd.

     35,500      $ 178,734  

NetLink NBN Trust

     327,000        229,811  

Olam International Ltd.

     114,700        154,395  

Oversea-Chinese Banking Corp., Ltd.

     54,585        445,724  

Singapore Exchange Ltd.

     24,400        160,774  

Singapore Technologies Engineering Ltd.

     65,900        193,096  

Singapore Telecommunications Ltd.

     301,400        755,377  

StarHub Ltd.

     110,700        116,903  

United Overseas Bank Ltd.

     19,828        389,438  

Wilmar International Ltd.

     85,400        261,665  

Yanlord Land Group Ltd.

     89,700        80,718  
     

 

 

 
Total Singapore

 

     4,885,700  
Spain – 3.9%

 

ACS Actividades de Construccion y Servicios S.A.

     5,111        204,527  

Aena SME S.A.(b)

     2,269        434,255  

Amadeus IT Group S.A.

     4,079        333,328  

Banco Bilbao Vizcaya Argentaria S.A.

     119,796        670,069  

Banco Santander S.A.

     306,270        1,282,329  

Bankia S.A.

     9,607        20,516  

Bankinter S.A.

     21,811        159,922  

CaixaBank S.A.

     151,924        477,156  

Cie Automotive S.A.

     1,907        45,124  

Enagas S.A.

     6,565        167,576  

Ence Energia y Celulosa S.A.(a)

     17,310        71,310  

Endesa S.A.

     24,521        654,815  

Euskaltel S.A.(b)

     9,736        98,030  

Faes Farma S.A.

     22,694        127,370  

Ferrovial S.A.

     11,452        346,696  

Grifols S.A.

     4,110        145,001  

Grupo Catalana Occidente S.A.

     2,565        89,687  

Iberdrola S.A.

     94,579        974,594  

Industria de Diseno Textil S.A.

     39,674        1,400,596  

Mapfre S.A.

     75,962        201,231  

Naturgy Energy Group S.A.

     19,882        499,913  

Prosegur Cia de Seguridad S.A.

     9,565        39,511  

Red Electrica Corp. S.A.

     11,131        223,965  

Repsol S.A.

     39,038        610,414  

Sacyr S.A.

     5,778        16,863  

Telefonica S.A.

     98,415        687,902  

Tubacex S.A.(a)

     25,823        82,031  

Zardoya Otis S.A.

     11,944        94,185  
     

 

 

 
Total Spain

 

     10,158,916  
Sweden – 2.9%

 

AAK AB

     7,747        147,309  

Ahlstrom-Munksjo Oyj

     55        884  

Alfa Laval AB

     5,884        148,278  

Atlas Copco AB Class A

     11,147        444,877  

Axfood AB

     8,238        183,398  

Boliden AB

     5,908        156,835  

Bulten AB

     1,043        8,780  

Electrolux AB Series B

     6,325        155,337  

Epiroc AB Class A

     7,427        90,725  

Essity AB Class B

     6,757        217,846  

Fabege AB

     7,582      126,110  

Hennes & Mauritz AB Class B(a)

     37,682        766,759  

Hexagon AB Class B

     1,730        97,024  

Husqvarna AB Class B

     10,414        83,458  

ICA Gruppen AB

     3,906        182,426  

Indutrade AB

     3,322        118,954  

Intrum AB

     2,925        87,303  

Investment AB Latour Class B

     9,919        161,907  

Kinnevik AB Class B

     4,274        104,555  

Lifco AB Class B

     1,623        99,172  

Lundin Petroleum AB

     4,865        165,423  

NCC AB Class B

     4,943        80,896  

NP3 Fastigheter AB

     12,209        147,378  

Peab AB Class B

     10,867        108,832  

Sandvik AB

     14,509        283,095  

Securitas AB Class B

     7,407        127,749  

Skandinaviska Enskilda Banken AB Class A

     59,626        561,033  

Skanska AB Class B

     8,148        184,267  

Svenska Cellulosa AB SCA Class B

     8,079        81,989  

Svenska Handelsbanken AB Class A

     37,457        403,738  

Swedbank AB Class A

     39,225        584,328  

Swedish Match AB

     2,475        127,649  

Tele2 AB Class B

     10,722        155,600  

Telefonaktiebolaget LM Ericsson Class B

     17,639        153,683  

Telia Co. AB

     84,358        362,717  

Thule Group AB(b)

     4,208        97,097  

Volvo AB Class B

     27,334        458,144  
     

 

 

 
Total Sweden

 

     7,465,555  
Switzerland – 7.5%

 

ABB Ltd. Registered Shares

     33,570        810,173  

Adecco Group AG Registered Shares

     3,420        216,216  

Cie Financiere Richemont S.A. Registered Shares

     5,678        445,984  

Coca-Cola HBC AG*

     3,587        121,886  

Credit Suisse Group AG Registered Shares*

     20,926        283,198  

DKSH Holding AG

     1,660        90,341  

Dufry AG Registered Shares*

     2,108        209,026  

EMS-Chemie Holding AG Registered Shares

     347        228,084  

Geberit AG Registered Shares

     445        249,625  

Givaudan S.A. Registered Shares

     96        300,486  

Julius Baer Group Ltd.*

     3,685        190,006  

Kuehne + Nagel International AG Registered Shares

     2,316        390,325  

LafargeHolcim Ltd. Registered Shares*

     9,433        523,109  

Logitech International S.A. Registered Shares

     2,540        120,213  

Lonza Group AG Registered Shares*

     477        173,983  

Nestle S.A. Registered Shares

     29,613        3,204,265  

Novartis AG Registered Shares

     31,562        2,995,351  

Partners Group Holding AG(a)

     380        348,234  

Roche Holding AG Bearer Shares

     2,383        756,969  

Roche Holding AG Genusschein

     8,316        2,696,570  

Schindler Holding AG Participation Certificate

     903        229,585  

SGS S.A. Registered Shares

     121        331,255  

SIG Combibloc Group AG*

     8,315        132,751  

Sika AG Registered Shares

     1,191        223,662  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2019

 

 

 

Investments    Shares      Value  

STMicroelectronics N.V.

     7,003      $ 188,425  

Sunrise Communications Group AG*(b)

     1,860        146,076  

Swatch Group AG (The) Bearer Shares

     809        225,569  

Swiss Life Holding AG Registered Shares

     437        219,233  

Swiss Re AG

     6,062        680,477  

Swisscom AG Registered Shares

     908        480,653  

Temenos AG Registered Shares*

     704        111,378  

UBS Group AG Registered Shares*

     75,578        954,140  

Vifor Pharma AG

     905        165,093  

Zurich Insurance Group AG

     2,718        1,114,595  
     

 

 

 
Total Switzerland

 

     19,556,936  
United Kingdom – 18.6%

 

Admiral Group PLC

     8,537        261,134  

Anglo American PLC

     19,474        560,595  

Antofagasta PLC

     18,068        219,442  

Ashmore Group PLC

     13,932        95,604  

Associated British Foods PLC

     6,872        236,514  

AstraZeneca PLC

     16,798        1,692,798  

Aviva PLC

     96,304        534,172  

BAE Systems PLC

     62,578        468,221  

Barclays PLC

     275,510        655,654  

Barratt Developments PLC

     34,756        343,757  

Bellway PLC

     3,790        191,142  

Bloomsbury Publishing PLC

     23,833        91,561  

Bovis Homes Group PLC

     9,335        167,938  

BP PLC

     471,673        2,946,789  

British American Tobacco PLC

     65,735        2,814,071  

British Land Co. PLC (The)

     23,726        200,781  

Britvic PLC

     8,952        107,266  

BT Group PLC

     280,616        715,388  

Bunzl PLC

     4,102        112,215  

Burberry Group PLC

     6,048        176,667  

Carnival PLC

     3,557        171,710  

Centrica PLC

     205,324        242,899  

Cineworld Group PLC(a)

     36,927        107,182  

CNH Industrial N.V.

     13,246        145,564  

Coca-Cola European Partners PLC

     5,176        259,419  

Compass Group PLC

     15,113        378,396  

Croda International PLC

     1,353        91,770  

Diageo PLC

     20,392        864,593  

Direct Line Insurance Group PLC

     37,579        155,571  

Dixons Carphone PLC

     61,625        117,722  

Drax Group PLC

     18,052        75,091  

DS Smith PLC

     28,606        145,596  

easyJet PLC

     11,421        215,527  

Elementis PLC

     33,698        79,908  

Evraz PLC

     60,372        323,111  

Fiat Chrysler Automobiles N.V.

     30,961        458,540  

Fresnillo PLC(a)

     13,023        110,449  

G4S PLC

     40,848        117,967  

Galliford Try PLC

     6,784        77,244  

GlaxoSmithKline PLC

     108,050        2,546,448  

Halma PLC

     2,963        83,058  

Hammerson PLC

     32,656      133,547  

Hargreaves Lansdown PLC

     4,173        106,970  

Hays PLC

     64,591        155,390  

Hikma Pharmaceuticals PLC

     3,251        85,748  

Howden Joinery Group PLC

     11,786        105,017  

HSBC Holdings PLC

     395,585        3,101,861  

Imperial Brands PLC

     36,399        901,224  

Inchcape PLC

     14,569        136,260  

Informa PLC

     21,363        242,537  

InterContinental Hotels Group PLC

     2,133        147,162  

Intertek Group PLC

     1,720        133,342  

Investec PLC

     16,733        98,222  

ITV PLC

     139,286        278,624  

J Sainsbury PLC

     62,420        190,106  

John Wood Group PLC

     23,505        124,086  

Jupiter Fund Management PLC

     21,144        114,731  

Kingfisher PLC

     58,019        166,788  

Land Securities Group PLC

     17,056        223,690  

Legal & General Group PLC

     121,512        487,749  

Liontrust Asset Management PLC

     9,183        133,817  

Lloyds Banking Group PLC

     1,386,856        1,148,274  

London Stock Exchange Group PLC

     1,974        202,667  

Lookers PLC

     105,453        76,834  

Marks & Spencer Group PLC

     59,934        169,514  

McKay Securities PLC

     25,015        91,131  

Meggitt PLC

     15,459        134,508  

Melrose Industries PLC

     62,304        198,172  

Micro Focus International PLC

     8,787        123,833  

Mondi PLC

     5,564        130,649  

National Grid PLC

     80,991        1,013,167  

Next PLC

     2,106        195,797  

Numis Corp. PLC

     18,978        75,172  

Pagegroup PLC

     18,215        126,202  

Pearson PLC

     9,065        76,496  

Pennon Group PLC

     12,613        171,268  

Persimmon PLC

     15,067        537,923  

Prudential PLC

     27,659        530,932  

QinetiQ Group PLC

     22,149        104,985  

Reckitt Benckiser Group PLC

     7,344        596,289  

Redrow PLC

     14,481        142,919  

RELX PLC

     15,273        385,538  

Rentokil Initial PLC

     21,724        130,368  

Rio Tinto PLC

     24,135        1,439,738  

RM PLC

     19,544        74,048  

Rolls-Royce Holdings PLC*

     12,592        113,966  

Rotork PLC

     21,366        94,821  

Royal Bank of Scotland Group PLC

     102,552        326,462  

Royal Dutch Shell PLC Class A

     98,558        2,918,123  

Royal Dutch Shell PLC Class B

     85,133        2,525,708  

Royal Mail PLC

     48,058        144,074  

RSA Insurance Group PLC

     19,645        147,196  

Saga PLC

     19,214        13,491  

Sage Group PLC (The)

     15,682        155,603  

Schroders PLC

     4,654        205,554  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2019

 

 

 

Investments    Shares      Value  

SDL PLC

     11,344      $ 89,567  

Segro PLC

     18,875        224,342  

Severn Trent PLC

     5,891        196,273  

Signature Aviation PLC

     27,984        117,592  

Smith & Nephew PLC

     11,340        275,290  

Speedy Hire PLC

     106,034        108,161  

Spirax-Sarco Engineering PLC

     1,049        123,541  

SSE PLC

     36,673        698,860  

St. James’s Place PLC

     11,652        179,752  

Standard Chartered PLC

     37,320        352,208  

Standard Life Aberdeen PLC

     74,014        321,702  

SThree PLC

     21,695        108,926  

Tate & Lyle PLC

     10,118        101,896  

Taylor Wimpey PLC

     57,508        147,339  

TechnipFMC PLC

     4,036        85,670  

Tesco PLC

     104,375        352,867  

TP ICAP PLC

     18,765        101,599  

Travis Perkins PLC

     3,921        83,213  

Ultra Electronics Holdings PLC

     1,596        44,696  

Unilever N.V.

     18,321        1,053,561  

Unilever PLC

     12,887        742,720  

United Utilities Group PLC

     15,148        189,315  

Vertu Motors PLC

     8,585        4,276  

Vodafone Group PLC

     700,856        1,362,607  

Weir Group PLC (The)

     5,273        105,445  

WH Smith PLC

     4,767        164,192  

Whitbread PLC

     2,026        130,064  
     

 

 

 
Total United Kingdom

 

     48,413,441  
TOTAL COMMON STOCKS
(Cost: $245,515,399)
              261,211,362  
RIGHTS – 0.0%

 

Spain – 0.0%

 

Faes Farma S.A., expiring 1/3/20*

     23,359      3,746  

Repsol S.A., expiring 1/21/20*

     40,183        19,079  
TOTAL RIGHTS
(Cost: $22,670)
              22,825  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5%

 

United States – 1.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 1.58%(c)

     
(Cost: $3,772,174)(d)      3,772,174        3,772,174  

TOTAL INVESTMENTS IN SECURITIES – 102.0%

(Cost: $249,310,243)

 

 

     265,006,361  

Other Assets less Liabilities – (2.0)%

 

     (5,131,260
     

 

 

 
NET ASSETS – 100.0%

 

   $ 259,875,101  
* 

Non-income producing security.

 

(a)

Security, or portion thereof, was on loan at December 31, 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 December 31, 2019.

 

(d)

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $7,866,743 and the total market value of the collateral held by the Fund was $8,272,325. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $4,500,151.

 

CVA

– Certificaten Van Aandelen (Certificate of Stock)

 

RSP

– Risparmio Italian Savings Shares

 

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

Bank of America N.A.

    1/3/2020       327,674       AUD       205,000       EUR     $ 226     $  

Bank of America N.A.

    1/6/2020       246,236       AUD       168,300       USD       4,805        

Bank of America N.A.

    1/6/2020       4,260,669       AUD       2,995,259       USD       16        

Bank of America N.A.

    1/6/2020       162,906       DKK       24,189       USD       287        

Bank of America N.A.

    1/6/2020       2,865,304       DKK       430,492       USD       16        

Bank of America N.A.

    1/6/2020       601,385       EUR       667,124       USD       8,056        

Bank of America N.A.

    1/6/2020       10,575,445       EUR       11,872,915       USD       237        

Bank of America N.A.

    1/6/2020       204,041       GBP       268,753       USD       1,576        

Bank of America N.A.

    1/6/2020       3,610,279       GBP       4,783,045       USD       107        

Bank of America N.A.

    1/6/2020       16,693       ILS       4,820       USD       13        

Bank of America N.A.

    1/6/2020       296,163       ILS       85,779       USD             (23

Bank of America N.A.

    1/6/2020       445,464       NOK       48,750       USD       1,945        

Bank of America N.A.

    1/6/2020       7,623,991       NOK       867,604       USD       26        

Bank of America N.A.

    1/6/2020       38,291       SGD       28,174       USD       303        

Bank of America N.A.

    1/6/2020       674,202       SGD       501,421       USD             (19

Bank of America N.A.

    1/6/2020       3,145,522       USD       4,646,129       AUD             (120,734

Bank of America N.A.

    1/6/2020       452,089       USD       3,054,443       DKK             (6,837

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 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.

    1/6/2020       12,468,544       USD       11,278,575       EUR     $     $ (194,019

Bank of America N.A.

    1/6/2020       5,022,996       USD       3,877,767       GBP             (114,544

Bank of America N.A.

    1/6/2020       90,082       USD       312,101       ILS             (289

Bank of America N.A.

    1/6/2020       911,129       USD       8,386,715       NOK             (43,300

Bank of America N.A.

    1/6/2020       526,576       USD       719,897       SGD             (8,809

Bank of America N.A.

    1/7/2020       142,961       CHF       145,013       USD       2,631        

Bank of America N.A.

    1/7/2020       2,499,028       CHF       2,580,817       USD       73        

Bank of America N.A.

    1/7/2020       17,877       NZD       11,741       USD       320        

Bank of America N.A.

    1/7/2020       309,704       NZD       208,951       USD             (6

Bank of America N.A.

    1/7/2020       754,695       SEK       79,361       USD       1,277        

Bank of America N.A.

    1/7/2020       13,217,824       SEK       1,412,399       USD             (93

Bank of America N.A.

    1/7/2020       2,710,289       USD       2,699,933       CHF             (78,087

Bank of America N.A.

    1/7/2020       219,433       USD       341,668       NZD             (11,077

Bank of America N.A.

    1/7/2020       1,483,255       USD       14,164,385       SEK             (30,189

Bank of America N.A.

    1/8/2020       33,852,712       JPY       312,491       USD             (968

Bank of America N.A.

    1/8/2020       604,364,318       JPY       5,561,454       USD       83        

Bank of America N.A.

    1/8/2020       5,840,455       USD       637,735,050       JPY             (28,169

Bank of America N.A.

    2/5/2020       3,051,558       USD       4,337,853       AUD             (228

Bank of America N.A.

    2/5/2020       2,664,119       USD       2,574,442       CHF             (112

Bank of America N.A.

    2/5/2020       452,658       USD       3,006,619       DKK             (8

Bank of America N.A.

    2/5/2020       12,056,542       USD       10,719,527       EUR             (989

Bank of America N.A.

    2/5/2020       4,963,052       USD       3,743,070       GBP             (297

Bank of America N.A.

    2/5/2020       84,134       USD       290,141       ILS             (3

Bank of America N.A.

    2/5/2020       9,260,512       USD       1,004,841,488       JPY             (694

Bank of America N.A.

    2/5/2020       905,277       USD       7,954,107       NOK             (37

Bank of America N.A.

    2/5/2020       135,536       USD       200,806       NZD       6        

Bank of America N.A.

    2/5/2020       903,183       USD       8,440,941       SEK       25        

Bank of America N.A.

    2/5/2020       505,886       USD       680,099       SGD             (23

Canadian Imperial Bank of Commerce

    1/6/2020       612,935       AUD       420,749       USD       10,148        

Canadian Imperial Bank of Commerce

    1/6/2020       405,447       DKK       60,472       USD       446        

Canadian Imperial Bank of Commerce

    1/6/2020       1,496,720       EUR       1,667,810       USD       12,572        

Canadian Imperial Bank of Commerce

    1/6/2020       513,550       GBP       671,883       USD       8,505        

Canadian Imperial Bank of Commerce

    1/6/2020       42,101       ILS       12,050       USD       141        

Canadian Imperial Bank of Commerce

    1/6/2020       1,099,072       NOK       121,874       USD       3,203        

Canadian Imperial Bank of Commerce

    1/6/2020       95,438       SGD       70,436       USD       541        

Canadian Imperial Bank of Commerce

    1/7/2020       355,118       CHF       362,532       USD       4,219        

Canadian Imperial Bank of Commerce

    1/7/2020       44,536       NZD       29,352       USD       695        

Canadian Imperial Bank of Commerce

    1/7/2020       1,863,322       SEK       198,402       USD       691        

Canadian Imperial Bank of Commerce

    1/8/2020       85,456,077       JPY       781,227       USD       5,165        

Citibank N.A.

    1/6/2020       182,803       AUD       126,490       USD       2,022        

Citibank N.A.

    1/6/2020       3,246,093       AUD       2,282,104       USD             (82

Citibank N.A.

    1/6/2020       122,388       DKK       18,180       USD       209        

Citibank N.A.

    1/6/2020       2,182,387       DKK       327,996       USD             (95

Citibank N.A.

    1/6/2020       451,694       EUR       501,392       USD       5,729        

Citibank N.A.

    1/6/2020       8,057,113       EUR       9,046,035       USD             (238

Citibank N.A.

    1/6/2020       156,153       GBP       201,988       USD       4,894        

Citibank N.A.

    1/6/2020       2,750,604       GBP       3,644,226       USD             (31

Citibank N.A.

    1/6/2020       12,580       ILS       3,622       USD       21        

Citibank N.A.

    1/6/2020       225,663       ILS       65,358       USD             (16

Citibank N.A.

    1/6/2020       327,770       NOK       36,639       USD       662        

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 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.

    1/6/2020       5,808,513       NOK       661,032       USD     $     $ (9

Citibank N.A.

    1/6/2020       28,712       SGD       21,175       USD       178        

Citibank N.A.

    1/6/2020       513,675       SGD       382,037       USD             (18

Citibank N.A.

    1/6/2020       2,396,591       USD       3,539,912       AUD             (91,988

Citibank N.A.

    1/6/2020       344,449       USD       2,327,262       DKK             (5,219

Citibank N.A.

    1/6/2020       9,499,845       USD       8,593,078       EUR             (147,684

Citibank N.A.

    1/6/2020       3,827,046       USD       2,954,253       GBP             (86,958

Citibank N.A.

    1/6/2020       68,638       USD       237,811       ILS             (222

Citibank N.A.

    1/6/2020       694,195       USD       6,390,434       NOK             (33,053

Citibank N.A.

    1/6/2020       401,202       USD       548,489       SGD             (6,708

Citibank N.A.

    1/7/2020       106,893       CHF       108,988       USD       1,406        

Citibank N.A.

    1/7/2020       1,903,987       CHF       1,966,338       USD       19        

Citibank N.A.

    1/7/2020       13,312       NZD       8,824       USD       157        

Citibank N.A.

    1/7/2020       235,939       NZD       159,202       USD             (23

Citibank N.A.

    1/7/2020       561,961       SEK       59,646       USD       399        

Citibank N.A.

    1/7/2020       10,070,335       SEK       1,076,115       USD             (114

Citibank N.A.

    1/7/2020       2,064,983       USD       2,057,105       CHF             (59,508

Citibank N.A.

    1/7/2020       167,191       USD       260,325       NZD             (8,440

Citibank N.A.

    1/7/2020       1,130,100       USD       10,791,320       SEK             (22,937

Citibank N.A.

    1/8/2020       25,655,636       JPY       234,860       USD       1,231        

Citibank N.A.

    1/8/2020       460,449,909       JPY       4,237,299       USD             (105

Citibank N.A.

    1/8/2020       4,449,873       USD       485,875,403       JPY             (21,294

Citibank N.A.

    2/5/2020       2,325,001       USD       3,304,910       AUD             (85

Citibank N.A.

    2/5/2020       2,029,807       USD       1,961,492       CHF             (96

Citibank N.A.

    2/5/2020       344,885       USD       2,290,243       DKK       74        

Citibank N.A.

    2/5/2020       9,185,940       USD       8,166,899       EUR             (345

Citibank N.A.

    2/5/2020       3,781,374       USD       2,851,801       GBP             (144

Citibank N.A.

    2/5/2020       64,104       USD       221,069       ILS             (3

Citibank N.A.

    2/5/2020       7,055,632       USD       765,582,639       JPY             (425

Citibank N.A.

    2/5/2020       689,739       USD       6,060,276       NOK             (25

Citibank N.A.

    2/5/2020       103,266       USD       153,004       NZD             (1

Citibank N.A.

    2/5/2020       688,142       USD       6,431,244       SEK       16        

Citibank N.A.

    2/5/2020       385,439       USD       518,176       SGD             (19

Commonwealth Bank of Australia

    1/6/2020       3,145,522       USD       4,646,293       AUD             (120,849

Commonwealth Bank of Australia

    1/6/2020       452,089       USD       3,054,905       DKK             (6,906

Commonwealth Bank of Australia

    1/6/2020       12,468,544       USD       11,278,953       EUR             (194,443

Commonwealth Bank of Australia

    1/6/2020       5,022,996       USD       3,877,668       GBP             (114,413

Commonwealth Bank of Australia

    1/6/2020       90,082       USD       312,124       ILS             (295

Commonwealth Bank of Australia

    1/6/2020       911,129       USD       8,386,905       NOK             (43,322

Commonwealth Bank of Australia

    1/6/2020       526,576       USD       719,913       SGD             (8,821

Commonwealth Bank of Australia

    1/7/2020       2,710,289       USD       2,700,044       CHF             (78,202

Commonwealth Bank of Australia

    1/7/2020       219,433       USD       341,680       NZD             (11,085

Commonwealth Bank of Australia

    1/7/2020       1,483,255       USD       14,165,483       SEK             (30,307

Commonwealth Bank of Australia

    1/8/2020       5,840,455       USD       637,736,802       JPY             (28,185

HSBC Holdings PLC

    1/6/2020       4,260,669       AUD       2,995,259       USD       16        

HSBC Holdings PLC

    1/6/2020       2,865,217       DKK       430,492       USD       3        

HSBC Holdings PLC

    1/6/2020       10,575,304       EUR       11,872,915       USD       79        

HSBC Holdings PLC

    1/6/2020       3,610,276       GBP       4,783,045       USD       104        

HSBC Holdings PLC

    1/6/2020       296,207       ILS       85,779       USD             (11

HSBC Holdings PLC

    1/6/2020       7,623,888       NOK       867,604       USD       14        

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 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
 

HSBC Holdings PLC

    1/6/2020       674,191       SGD       501,421       USD     $     $ (27

HSBC Holdings PLC

    1/7/2020       2,498,964       CHF       2,580,817       USD       7        

HSBC Holdings PLC

    1/7/2020       309,664       NZD       208,951       USD             (33

HSBC Holdings PLC

    1/7/2020       13,217,590       SEK       1,412,399       USD             (118

HSBC Holdings PLC

    1/8/2020       604,350,414       JPY       5,561,454       USD             (45

HSBC Holdings PLC

    2/5/2020       3,051,558       USD       4,337,730       AUD             (141

HSBC Holdings PLC

    2/5/2020       2,664,119       USD       2,574,589       CHF             (264

HSBC Holdings PLC

    2/5/2020       452,658       USD       3,006,840       DKK             (41

HSBC Holdings PLC

    2/5/2020       12,056,542       USD       10,719,670       EUR             (1,150

HSBC Holdings PLC

    2/5/2020       4,963,052       USD       3,743,109       GBP             (349

HSBC Holdings PLC

    2/5/2020       84,134       USD       290,169       ILS             (12

HSBC Holdings PLC

    2/5/2020       9,260,512       USD       1,004,883,160       JPY             (1,078

HSBC Holdings PLC

    2/5/2020       905,277       USD       7,954,750       NOK             (111

HSBC Holdings PLC

    2/5/2020       135,536       USD       200,837       NZD             (15

HSBC Holdings PLC

    2/5/2020       903,183       USD       8,441,040       SEK       14        

HSBC Holdings PLC

    2/5/2020       505,886       USD       680,052       SGD       12        

JP Morgan Chase Bank N.A.

    1/6/2020       4,260,669       AUD       2,995,259       USD       16        

JP Morgan Chase Bank N.A.

    1/6/2020       2,865,201       DKK       430,492       USD       1        

JP Morgan Chase Bank N.A.

    1/6/2020       10,575,351       EUR       11,872,915       USD       132        

JP Morgan Chase Bank N.A.

    1/6/2020       3,610,262       GBP       4,783,045       USD       86        

JP Morgan Chase Bank N.A.

    1/6/2020       296,217       ILS       85,779       USD             (8

JP Morgan Chase Bank N.A.

    1/6/2020       7,623,752       NOK       867,604       USD             (2

JP Morgan Chase Bank N.A.

    1/6/2020       674,195       SGD       501,421       USD             (24

JP Morgan Chase Bank N.A.

    1/7/2020       2,498,458       CHF       2,580,817       USD             (516

JP Morgan Chase Bank N.A.

    1/7/2020       309,707       NZD       208,951       USD             (4

JP Morgan Chase Bank N.A.

    1/7/2020       13,218,115       SEK       1,412,399       USD             (62

JP Morgan Chase Bank N.A.

    1/8/2020       604,360,425       JPY       5,561,454       USD       47        

JP Morgan Chase Bank N.A.

    2/5/2020       3,051,558       USD       4,337,594       AUD             (46

JP Morgan Chase Bank N.A.

    2/5/2020       2,664,119       USD       2,573,901       CHF       448        

JP Morgan Chase Bank N.A.

    2/5/2020       452,658       USD       3,006,615       DKK             (7

JP Morgan Chase Bank N.A.

    2/5/2020       12,056,542       USD       10,719,127       EUR             (539

JP Morgan Chase Bank N.A.

    2/5/2020       4,963,052       USD       3,742,940       GBP             (125

JP Morgan Chase Bank N.A.

    2/5/2020       84,134       USD       290,133       ILS             (1

JP Morgan Chase Bank N.A.

    2/5/2020       9,260,512       USD       1,004,818,336       JPY             (480

JP Morgan Chase Bank N.A.

    2/5/2020       905,277       USD       7,953,926       NOK             (17

JP Morgan Chase Bank N.A.

    2/5/2020       135,536       USD       200,815       NZD             (0 )* 

JP Morgan Chase Bank N.A.

    2/5/2020       903,183       USD       8,441,227       SEK             (6

JP Morgan Chase Bank N.A.

    2/5/2020       505,886       USD       680,091       SGD             (16

Morgan Stanley & Co. International

    1/6/2020       4,260,730       AUD       2,995,259       USD       59        

Morgan Stanley & Co. International

    1/6/2020       2,865,245       DKK       430,492       USD       7        

Morgan Stanley & Co. International

    1/6/2020       10,575,304       EUR       11,872,915       USD       79        

Morgan Stanley & Co. International

    1/6/2020       3,610,262       GBP       4,783,045       USD       86        

Morgan Stanley & Co. International

    1/6/2020       296,224       ILS       85,779       USD             (6

Morgan Stanley & Co. International

    1/6/2020       7,623,923       NOK       867,604       USD       18        

Morgan Stanley & Co. International

    1/6/2020       674,214       SGD       501,421       USD             (10

Morgan Stanley & Co. International

    1/7/2020       2,499,015       CHF       2,580,817       USD       60        

Morgan Stanley & Co. International

    1/7/2020       309,705       NZD       208,951       USD             (5

Morgan Stanley & Co. International

    1/7/2020       13,191,264       SEK       1,412,399       USD             (2,931

Morgan Stanley & Co. International

    1/8/2020       604,365,430       JPY       5,561,454       USD       93        

Morgan Stanley & Co. International

    2/5/2020       3,051,558       USD       4,337,791       AUD             (185

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 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

    2/5/2020       2,664,119       USD       2,574,482       CHF     $     $ (153

Morgan Stanley & Co. International

    2/5/2020       452,658       USD       3,006,788       DKK             (34

Morgan Stanley & Co. International

    2/5/2020       12,056,542       USD       10,719,575       EUR             (1,043

Morgan Stanley & Co. International

    2/5/2020       4,963,052       USD       3,743,053       GBP             (274

Morgan Stanley & Co. International

    2/5/2020       84,134       USD       290,422       ILS             (85

Morgan Stanley & Co. International

    2/5/2020       9,260,512       USD       1,004,865,565       JPY             (916

Morgan Stanley & Co. International

    2/5/2020       905,277       USD       7,954,488       NOK             (81

Morgan Stanley & Co. International

    2/5/2020       135,536       USD       200,813       NZD       1        

Morgan Stanley & Co. International

    2/5/2020       903,183       USD       8,441,343       SEK             (18

Morgan Stanley & Co. International

    2/5/2020       505,886       USD       680,101       SGD             (24

Royal Bank of Canada

    1/6/2020       3,145,522       USD       4,646,074       AUD             (120,695

Royal Bank of Canada

    1/6/2020       452,089       USD       3,054,449       DKK             (6,838

Royal Bank of Canada

    1/6/2020       12,468,544       USD       11,278,320       EUR             (193,733

Royal Bank of Canada

    1/6/2020       5,022,996       USD       3,877,489       GBP             (114,175

Royal Bank of Canada

    1/6/2020       90,082       USD       312,116       ILS             (293

Royal Bank of Canada

    1/6/2020       911,129       USD       8,387,518       NOK             (43,392

Royal Bank of Canada

    1/6/2020       526,576       USD       719,888       SGD             (8,803

Royal Bank of Canada

    1/7/2020       2,710,289       USD       2,699,876       CHF             (78,029

Royal Bank of Canada

    1/7/2020       219,433       USD       341,670       NZD             (11,078

Royal Bank of Canada

    1/7/2020       1,483,255       USD       14,164,370       SEK             (30,188

Royal Bank of Canada

    1/8/2020       5,840,455       USD       637,698,255       JPY             (27,830

Standard Chartered Bank

    1/6/2020       3,145,522       USD       4,646,060       AUD             (120,685

Standard Chartered Bank

    1/6/2020       452,089       USD       3,054,469       DKK             (6,841

Standard Chartered Bank

    1/6/2020       12,468,544       USD       11,278,137       EUR             (193,527

Standard Chartered Bank

    1/6/2020       5,022,996       USD       3,877,474       GBP             (114,156

Standard Chartered Bank

    1/6/2020       90,082       USD       312,098       ILS             (288

Standard Chartered Bank

    1/6/2020       911,129       USD       8,387,362       NOK             (43,374

Standard Chartered Bank

    1/6/2020       526,576       USD       719,862       SGD             (8,783

Standard Chartered Bank

    1/7/2020       2,710,289       USD       2,699,846       CHF             (77,998

Standard Chartered Bank

    1/7/2020       219,433       USD       341,677       NZD             (11,083

Standard Chartered Bank

    1/7/2020       1,483,255       USD       14,163,595       SEK             (30,105

Standard Chartered Bank

    1/8/2020       5,840,455       USD       638,017,144       JPY             (30,765
                                            $ 86,753     $ (3,045,939
* 

Amount represent less than $1.

 

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

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2019

 

 

 

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

WisdomTree International
Quality Dividend Growth Fund(a)

     
(Cost: $29,325,664)      984,968      $ 31,466,576  

Other Assets less Liabilities – 0.0%

 

     14,390  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 31,480,966  
(a)

Affiliated company (See Note 3).

 

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

Bank of America N.A.

    1/3/2020       132,873       DKK       19,946       USD     $ 14     $  

Bank of America N.A.

    1/3/2020       96,850       EUR       108,628       USD       86        

Bank of America N.A.

    1/3/2020       48,487       GBP       64,192       USD       41        

Bank of America N.A.

    1/3/2020       403,515       NOK       45,941       USD             (21

Bank of America N.A.

    1/3/2020       2,782       SGD       2,069       USD       0 *       

Bank of America N.A.

    1/6/2020       288,831       AUD       203,049       USD       1        

Bank of America N.A.

    1/6/2020       40,136       CHF       41,478       USD             (30

Bank of America N.A.

    1/6/2020       1,840,684       DKK       276,550       USD       10        

Bank of America N.A.

    1/6/2020       1,309,670       EUR       1,470,350       USD       29        

Bank of America N.A.

    1/6/2020       447,823       GBP       593,294       USD       13        

Bank of America N.A.

    1/6/2020       35,635       ILS       10,321       USD             (3

Bank of America N.A.

    1/6/2020       1,780,812       NOK       202,655       USD       6        

Bank of America N.A.

    1/6/2020       34,852       SGD       25,920       USD             (1

Bank of America N.A.

    1/6/2020       203,049       USD       299,916       AUD             (7,794

Bank of America N.A.

    1/6/2020       276,550       USD       1,868,451       DKK             (4,182

Bank of America N.A.

    1/6/2020       1,470,350       USD       1,330,023       EUR             (22,880

Bank of America N.A.

    1/6/2020       593,294       USD       458,025       GBP             (13,529

Bank of America N.A.

    1/6/2020       10,321       USD       35,758       ILS             (33

Bank of America N.A.

    1/6/2020       202,655       USD       1,865,389       NOK             (9,631

Bank of America N.A.

    1/6/2020       25,920       USD       35,436       SGD             (434

Bank of America N.A.

    1/7/2020       293,021       CHF       302,611       USD       9        

Bank of America N.A.

    1/7/2020       30,494       NZD       20,574       USD             (1

Bank of America N.A.

    1/7/2020       1,501,297       SEK       160,422       USD             (11

Bank of America N.A.

    1/7/2020       302,611       USD       301,455       CHF             (8,719

Bank of America N.A.

    1/7/2020       20,574       USD       32,035       NZD             (1,039

Bank of America N.A.

    1/7/2020       160,422       USD       1,531,954       SEK             (3,265

Bank of America N.A.

    1/8/2020       69,599,676       JPY       640,467       USD       10        

Bank of America N.A.

    1/8/2020       640,467       USD       69,934,320       JPY             (3,089

Bank of America N.A.

    2/5/2020       207,647       USD       295,175       AUD             (16

Bank of America N.A.

    2/5/2020       308,067       USD       297,697       CHF             (13

Bank of America N.A.

    2/5/2020       281,977       USD       1,872,931       DKK             (5

Bank of America N.A.

    2/5/2020       1,483,681       USD       1,319,148       EUR             (122

Bank of America N.A.

    2/5/2020       609,053       USD       459,340       GBP             (36

Bank of America N.A.

    2/5/2020       10,133       USD       34,944       ILS             (0 )* 

Bank of America N.A.

    2/5/2020       1,062,933       USD       115,336,946       JPY             (80

Bank of America N.A.

    2/5/2020       201,899       USD       1,773,961       NOK             (8

Bank of America N.A.

    2/5/2020       13,616       USD       20,173       NZD       1        

Bank of America N.A.

    2/5/2020       100,668       USD       940,820       SEK       3        

Bank of America N.A.

    2/5/2020       24,811       USD       33,355       SGD             (1

Bank of Montreal

    1/3/2020       149,160       SEK       15,920       USD       14        

Bank of Montreal

    1/7/2020       1,622,603       JPY       14,935       USD             (4

Canadian Imperial Bank of Commerce

    1/2/2020       580       ILS       168       USD             (0 )* 

Citibank N.A.

    1/6/2020       220,057       AUD       154,707       USD             (6

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 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.

    1/6/2020       1,401,968       DKK       210,705       USD     $     $ (61

Citibank N.A.

    1/6/2020       997,800       EUR       1,120,269       USD             (29

Citibank N.A.

    1/6/2020       341,188       GBP       452,034       USD             (4

Citibank N.A.

    1/6/2020       27,159       ILS       7,866       USD             (2

Citibank N.A.

    1/6/2020       1,356,754       NOK       154,404       USD             (2

Citibank N.A.

    1/6/2020       26,559       SGD       19,753       USD             (1

Citibank N.A.

    1/6/2020       154,707       USD       228,512       AUD             (5,938

Citibank N.A.

    1/6/2020       210,705       USD       1,423,623       DKK             (3,193

Citibank N.A.

    1/6/2020       1,120,269       USD       1,013,338       EUR             (17,416

Citibank N.A.

    1/6/2020       452,034       USD       348,944       GBP             (10,271

Citibank N.A.

    1/6/2020       7,866       USD       27,253       ILS             (25

Citibank N.A.

    1/6/2020       154,404       USD       1,421,371       NOK             (7,352

Citibank N.A.

    1/6/2020       19,753       USD       27,005       SGD             (330

Citibank N.A.

    1/7/2020       223,251       CHF       230,562       USD       2        

Citibank N.A.

    1/7/2020       23,238       NZD       15,680       USD             (2

Citibank N.A.

    1/7/2020       1,143,806       SEK       122,227       USD             (13

Citibank N.A.

    1/7/2020       230,562       USD       229,682       CHF             (6,644

Citibank N.A.

    1/7/2020       15,680       USD       24,415       NZD             (792

Citibank N.A.

    1/7/2020       122,227       USD       1,167,145       SEK             (2,481

Citibank N.A.

    1/8/2020       53,026,351       JPY       487,976       USD             (12

Citibank N.A.

    1/8/2020       487,976       USD       53,281,416       JPY             (2,335

Citibank N.A.

    2/5/2020       158,209       USD       224,889       AUD             (6

Citibank N.A.

    2/5/2020       234,720       USD       226,820       CHF             (11

Citibank N.A.

    2/5/2020       214,842       USD       1,426,680       DKK       46        

Citibank N.A.

    2/5/2020       1,130,424       USD       1,005,021       EUR             (42

Citibank N.A.

    2/5/2020       464,041       USD       349,966       GBP             (18

Citibank N.A.

    2/5/2020       7,725       USD       26,640       ILS             (0 )* 

Citibank N.A.

    2/5/2020       809,856       USD       87,874,721       JPY             (49

Citibank N.A.

    2/5/2020       153,828       USD       1,351,584       NOK             (6

Citibank N.A.

    2/5/2020       10,375       USD       15,372       NZD             (0 )* 

Citibank N.A.

    2/5/2020       76,701       USD       716,833       SEK       2        

Citibank N.A.

    2/5/2020       18,904       USD       25,414       SGD             (1

Commonwealth Bank of Australia

    1/6/2020       203,049       USD       299,926       AUD             (7,801

Commonwealth Bank of Australia

    1/6/2020       276,550       USD       1,868,734       DKK             (4,225

Commonwealth Bank of Australia

    1/6/2020       1,470,350       USD       1,330,068       EUR             (22,930

Commonwealth Bank of Australia

    1/6/2020       593,294       USD       458,013       GBP             (13,514

Commonwealth Bank of Australia

    1/6/2020       10,321       USD       35,761       ILS             (34

Commonwealth Bank of Australia

    1/6/2020       202,655       USD       1,865,431       NOK             (9,636

Commonwealth Bank of Australia

    1/6/2020       25,920       USD       35,437       SGD             (434

Commonwealth Bank of Australia

    1/7/2020       302,611       USD       301,467       CHF             (8,731

Commonwealth Bank of Australia

    1/7/2020       20,574       USD       32,036       NZD             (1,039

Commonwealth Bank of Australia

    1/7/2020       160,422       USD       1,532,073       SEK             (3,278

Commonwealth Bank of Australia

    1/8/2020       640,467       USD       69,934,513       JPY             (3,091

HSBC Holdings PLC

    1/6/2020       288,831       AUD       203,049       USD       1        

HSBC Holdings PLC

    1/6/2020       1,840,628       DKK       276,550       USD       2        

HSBC Holdings PLC

    1/6/2020       1,309,653       EUR       1,470,350       USD       10        

HSBC Holdings PLC

    1/6/2020       447,822       GBP       593,294       USD       13        

HSBC Holdings PLC

    1/6/2020       35,640       ILS       10,321       USD             (1

HSBC Holdings PLC

    1/6/2020       1,780,788       NOK       202,655       USD       3        

HSBC Holdings PLC

    1/6/2020       34,851       SGD       25,920       USD             (1

HSBC Holdings PLC

    1/7/2020       293,013       CHF       302,611       USD       1        

HSBC Holdings PLC

    1/7/2020       30,491       NZD       20,574       USD             (3

HSBC Holdings PLC

    1/7/2020       1,501,270       SEK       160,422       USD             (13

HSBC Holdings PLC

    1/8/2020       69,598,075       JPY       640,467       USD             (5

HSBC Holdings PLC

    2/5/2020       207,647       USD       295,166       AUD             (10

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 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
 

HSBC Holdings PLC

    2/5/2020       308,067       USD       297,714       CHF     $     $ (30

HSBC Holdings PLC

    2/5/2020       281,977       USD       1,873,069       DKK             (26

HSBC Holdings PLC

    2/5/2020       1,483,681       USD       1,319,165       EUR             (141

HSBC Holdings PLC

    2/5/2020       609,053       USD       459,345       GBP             (43

HSBC Holdings PLC

    2/5/2020       10,133       USD       34,948       ILS             (1

HSBC Holdings PLC

    2/5/2020       1,062,933       USD       115,341,729       JPY             (124

HSBC Holdings PLC

    2/5/2020       201,899       USD       1,774,105       NOK             (25

HSBC Holdings PLC

    2/5/2020       13,616       USD       20,176       NZD             (1

HSBC Holdings PLC

    2/5/2020       100,668       USD       940,831       SEK       2        

HSBC Holdings PLC

    2/5/2020       24,811       USD       33,353       SGD       1        

JP Morgan Chase Bank N.A.

    1/3/2020       52,596       AUD       36,906       USD       66        

JP Morgan Chase Bank N.A.

    1/6/2020       288,831       AUD       203,049       USD       1        

JP Morgan Chase Bank N.A.

    1/6/2020       1,840,618       DKK       276,550       USD       0 *       

JP Morgan Chase Bank N.A.

    1/6/2020       1,309,659       EUR       1,470,350       USD       16        

JP Morgan Chase Bank N.A.

    1/6/2020       447,821       GBP       593,294       USD       11        

JP Morgan Chase Bank N.A.

    1/6/2020       35,641       ILS       10,321       USD             (1

JP Morgan Chase Bank N.A.

    1/6/2020       1,780,756       NOK       202,655       USD             (0 )* 

JP Morgan Chase Bank N.A.

    1/6/2020       7,302       NZD       4,916       USD       10        

JP Morgan Chase Bank N.A.

    1/6/2020       34,851       SGD       25,920       USD             (1

JP Morgan Chase Bank N.A.

    1/7/2020       292,954       CHF       302,611       USD             (60

JP Morgan Chase Bank N.A.

    1/7/2020       30,495       NZD       20,574       USD             (0 )* 

JP Morgan Chase Bank N.A.

    1/7/2020       1,501,330       SEK       160,422       USD             (7

JP Morgan Chase Bank N.A.

    1/8/2020       69,599,228       JPY       640,467       USD       5        

JP Morgan Chase Bank N.A.

    2/5/2020       207,647       USD       295,157       AUD             (3

JP Morgan Chase Bank N.A.

    2/5/2020       308,067       USD       297,635       CHF       52        

JP Morgan Chase Bank N.A.

    2/5/2020       281,977       USD       1,872,929       DKK             (5

JP Morgan Chase Bank N.A.

    2/5/2020       1,483,681       USD       1,319,098       EUR             (66

JP Morgan Chase Bank N.A.

    2/5/2020       609,053       USD       459,324       GBP             (15

JP Morgan Chase Bank N.A.

    2/5/2020       10,133       USD       34,943       ILS             (0 )* 

JP Morgan Chase Bank N.A.

    2/5/2020       1,062,933       USD       115,334,289       JPY             (55

JP Morgan Chase Bank N.A.

    2/5/2020       201,899       USD       1,773,921       NOK             (4

JP Morgan Chase Bank N.A.

    2/5/2020       13,616       USD       20,174       NZD             (0 )* 

JP Morgan Chase Bank N.A.

    2/5/2020       100,668       USD       940,852       SEK             (1

JP Morgan Chase Bank N.A.

    2/5/2020       24,811       USD       33,355       SGD             (1

Morgan Stanley & Co. International

    1/6/2020       288,835       AUD       203,049       USD       4        

Morgan Stanley & Co. International

    1/6/2020       1,840,647       DKK       276,550       USD       5        

Morgan Stanley & Co. International

    1/6/2020       1,309,653       EUR       1,470,350       USD       10        

Morgan Stanley & Co. International

    1/6/2020       447,821       GBP       593,294       USD       11        

Morgan Stanley & Co. International

    1/6/2020       35,642       ILS       10,321       USD             (1

Morgan Stanley & Co. International

    1/6/2020       1,780,796       NOK       202,655       USD       4        

Morgan Stanley & Co. International

    1/6/2020       34,852       SGD       25,920       USD             (1

Morgan Stanley & Co. International

    1/7/2020       293,019       CHF       302,611       USD       7        

Morgan Stanley & Co. International

    1/7/2020       30,495       NZD       20,574       USD             (0 )* 

Morgan Stanley & Co. International

    1/7/2020       1,498,280       SEK       160,422       USD             (333

Morgan Stanley & Co. International

    1/8/2020       69,599,805       JPY       640,467       USD       11        

Morgan Stanley & Co. International

    2/5/2020       207,647       USD       295,170       AUD             (13

Morgan Stanley & Co. International

    2/5/2020       308,067       USD       297,702       CHF             (18

Morgan Stanley & Co. International

    2/5/2020       281,977       USD       1,873,037       DKK             (21

Morgan Stanley & Co. International

    2/5/2020       1,483,681       USD       1,319,154       EUR             (128

Morgan Stanley & Co. International

    2/5/2020       609,053       USD       459,338       GBP             (34

Morgan Stanley & Co. International

    2/5/2020       10,133       USD       34,978       ILS             (10

Morgan Stanley & Co. International

    2/5/2020       1,062,933       USD       115,339,710       JPY             (105

Morgan Stanley & Co. International

    2/5/2020       201,899       USD       1,774,046       NOK             (18

Morgan Stanley & Co. International

    2/5/2020       13,616       USD       20,174       NZD       0 *       

Morgan Stanley & Co. International

    2/5/2020       100,668       USD       940,865       SEK             (2

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 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

    2/5/2020       24,811       USD       33,355       SGD     $     $ (1

Royal Bank of Canada

    1/6/2020       203,049       USD       299,912       AUD             (7,791

Royal Bank of Canada

    1/6/2020       276,550       USD       1,868,455       DKK             (4,183

Royal Bank of Canada

    1/6/2020       1,470,350       USD       1,329,993       EUR             (22,846

Royal Bank of Canada

    1/6/2020       593,294       USD       457,992       GBP             (13,486

Royal Bank of Canada

    1/6/2020       10,321       USD       35,760       ILS             (34

Royal Bank of Canada

    1/6/2020       202,655       USD       1,865,567       NOK             (9,651

Royal Bank of Canada

    1/6/2020       25,920       USD       35,436       SGD             (433

Royal Bank of Canada

    1/7/2020       302,611       USD       301,448       CHF             (8,712

Royal Bank of Canada

    1/7/2020       20,574       USD       32,035       NZD             (1,039

Royal Bank of Canada

    1/7/2020       160,422       USD       1,531,953       SEK             (3,265

Royal Bank of Canada

    1/8/2020       640,467       USD       69,930,286       JPY             (3,052

Standard Chartered Bank

    1/6/2020       203,049       USD       299,911       AUD             (7,790

Standard Chartered Bank

    1/6/2020       276,550       USD       1,868,467       DKK             (4,185

Standard Chartered Bank

    1/6/2020       1,470,350       USD       1,329,972       EUR             (22,822

Standard Chartered Bank

    1/6/2020       593,294       USD       457,990       GBP             (13,484

Standard Chartered Bank

    1/6/2020       10,321       USD       35,758       ILS             (33

Standard Chartered Bank

    1/6/2020       202,655       USD       1,865,533       NOK             (9,647

Standard Chartered Bank

    1/6/2020       25,920       USD       35,434       SGD             (432

Standard Chartered Bank

    1/7/2020       302,611       USD       301,445       CHF             (8,709

Standard Chartered Bank

    1/7/2020       20,574       USD       32,036       NZD             (1,039

Standard Chartered Bank

    1/7/2020       160,422       USD       1,531,869       SEK             (3,256

Standard Chartered Bank

    1/8/2020       640,467       USD       69,965,255       JPY             (3,374
                                            $ 533     $ (357,293
* 

Amount represents less than $1.

 

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

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.5%

 

Australia – 9.4%

 

Accent Group Ltd.

     37,341      $ 48,954  

Adairs Ltd.

     15,051        24,228  

ALS Ltd.

     15,319        98,855  

Altium Ltd.

     1,283        31,313  

Ansell Ltd.

     3,576        72,974  

AP Eagers Ltd.(a)

     6,733        48,466  

ARB Corp., Ltd.

     2,123        28,012  

AUB Group Ltd.

     3,491        29,423  

Australian Pharmaceutical Industries Ltd.(a)

     23,450        22,089  

Bank of Queensland Ltd.(a)

     25,363        129,260  

Bapcor Ltd.

     8,479        38,146  

Blackmores Ltd.(a)

     595        35,468  

Breville Group Ltd.

     2,917        35,802  

Brickworks Ltd.

     4,346        57,068  

carsales.com Ltd.

     8,488        99,106  

Codan Ltd.

     8,403        44,006  

Collins Foods Ltd.

     4,611        28,880  

Corporate Travel Management Ltd.(a)

     2,192        31,588  

Costa Group Holdings Ltd.(a)

     14,064        24,419  

Credit Corp. Group Ltd.

     1,949        42,252  

CSR Ltd.

     31,792        101,684  

Dicker Data Ltd.

     6,816        33,060  

Domain Holdings Australia Ltd.(a)

     9,294        24,173  

Domino’s Pizza Enterprises Ltd.

     2,477        91,170  

Elders Ltd.(a)

     4,348        19,775  

Estia Health Ltd.

     22,759        39,036  

Event Hospitality and Entertainment Ltd.(a)

     6,333        60,544  

FlexiGroup Ltd.(a)

     19,010        24,588  

G8 Education Ltd.(a)

     19,281        25,752  

Genworth Mortgage Insurance Australia Ltd.(a)

     26,362        67,639  

GUD Holdings Ltd.

     5,035        39,287  

GWA Group Ltd.(a)

     15,049        35,121  

Hansen Technologies Ltd.

     7,231        19,316  

Healius Ltd.

     19,354        37,550  

HT&E Ltd.(a)

     24,320        28,977  

Independence Group NL

     6,445        28,270  

Ingenia Communities Group

     13,782        48,053  

Inghams Group Ltd.(a)

     19,400        45,821  

Integrated Research Ltd.(a)

     7,221        16,548  

Invocare Ltd.(a)

     3,482        32,285  

IOOF Holdings Ltd.(a)

     32,276        178,331  

IPH Ltd.

     7,709        44,436  

IRESS Ltd.

     6,136        56,246  

JB Hi-Fi Ltd.(a)

     5,456        144,476  

Jupiter Mines Ltd.(a)

     279,096        54,933  

Link Administration Holdings Ltd.

     19,464        80,178  

Lovisa Holdings Ltd.(a)

     3,274        28,469  

McMillan Shakespeare Ltd.

     4,612        42,470  

Metcash Ltd.

     38,926        70,323  

Mineral Resources Ltd.(a)

     6,188        71,773  

Monadelphous Group Ltd.

     2,900        34,003  

MyState Ltd.

     9,860        34,378  

Navigator Global Investments Ltd.

     11,593      23,063  

New Hope Corp., Ltd.(a)

     47,384        68,616  

NIB Holdings Ltd.

     13,075        57,628  

Nick Scali Ltd.(a)

     6,974        33,973  

Nine Entertainment Co. Holdings Ltd.

     64,780        81,511  

oOh!media Ltd.

     9,217        23,584  

Orora Ltd.

     43,869        98,064  

OZ Minerals Ltd.

     7,977        59,158  

Peet Ltd.(a)

     33,513        29,801  

Pendal Group Ltd.

     19,610        118,412  

Perenti Global Ltd.

     22,486        25,607  

Perpetual Ltd.(a)

     3,005        86,861  

Platinum Asset Management Ltd.(a)

     33,700        107,076  

Premier Investments Ltd.

     6,224        82,078  

Regis Healthcare Ltd.(a)

     23,316        40,319  

Regis Resources Ltd.

     17,900        54,609  

Reliance Worldwide Corp., Ltd.(a)

     16,403        46,583  

Sandfire Resources NL

     7,245        30,455  

SeaLink Travel Group Ltd.

     7,343        25,293  

Service Stream Ltd.

     18,843        35,234  

SG Fleet Group Ltd.

     17,547        31,947  

Sigma Healthcare Ltd.

     89,929        36,665  

Sims Metal Management Ltd.(a)

     10,231        76,737  

SmartGroup Corp., Ltd.

     6,448        31,456  

Southern Cross Media Group Ltd.

     62,089        36,226  

Spark Infrastructure Group

     94,822        139,309  

St Barbara Ltd.

     23,333        44,613  

Steadfast Group Ltd.

     18,422        45,065  

Super Retail Group Ltd.(a)

     10,059        71,558  

Tassal Group Ltd.

     8,555        25,017  

Technology One Ltd.

     5,483        31,952  
     

 

 

 
Total Australia

 

     4,327,444  
Austria – 1.3%

 

EVN AG

     3,744        72,706  

Oesterreichische Post AG

     4,060        154,950  

Palfinger AG

     995        32,669  

Porr AG(a)

     1,802        31,231  

S IMMO AG

     2,259        56,547  

UNIQA Insurance Group AG

     17,382        177,455  

Wienerberger AG

     2,834        84,046  
     

 

 

 
Total Austria

 

     609,604  
Belgium – 1.3%

 

Bekaert S.A.

     1,859        55,298  

bpost S.A.

     23,234        268,626  

D’ieteren S.A./N.V.

     1,379        96,900  

Econocom Group S.A./N.V.

     12,176        33,240  

Euronav N.V.

     3,444        42,447  

Ontex Group N.V.

     2,519        53,017  

Orange Belgium S.A.

     1,982        46,053  

Recticel S.A.

     2,399        22,378  
     

 

 

 
Total Belgium

 

     617,959  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares      Value  
China – 2.0%

 

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     21,300      $ 32,148  

China Agri-Industries Holdings Ltd.

     110,000        58,305  

China Overseas Grand Oceans Group Ltd.

     138,400        95,739  

China Power International Development Ltd.

     502,000        107,593  

China South City Holdings Ltd.

     272,000        34,559  

China Traditional Chinese Medicine Holdings Co., Ltd.

     160,000        77,209  

CITIC Telecom International Holdings Ltd.

     232,678        84,808  

CPMC Holdings Ltd.(a)

     74,900        32,683  

Dah Chong Hong Holdings Ltd.

     162,979        76,973  

Genertec Universal Medical Group Co., Ltd.(b)

     85,800        64,968  

Guotai Junan International Holdings Ltd.(a)

     328,052        58,101  

Hua Hong Semiconductor Ltd.(a)(b)

     26,500        60,266  

Poly Property Group Co., Ltd.

     141,000        58,450  

Shougang Fushan Resources Group Ltd.

     401,903        86,655  

Xiwang Special Steel Co., Ltd.

     133,000        8,364  
     

 

 

 
Total China

 

     936,821  
Denmark – 1.3%

 

Alm Brand A/S

     7,837        69,635  

DFDS A/S

     975        47,600  

FLSmidth & Co. A/S

     1,634        65,144  

Matas A/S

     3,967        32,835  

Ringkjoebing Landbobank A/S

     743        57,368  

Scandinavian Tobacco Group A/S Class A(b)

     6,955        84,887  

Schouw & Co. A/S

     595        50,053  

Spar Nord Bank A/S

     7,725        75,080  

Sydbank A/S

     4,583        96,245  
     

 

 

 
Total Denmark

 

     578,847  
Finland – 2.7%

 

Cargotec Oyj Class B

     1,751        59,437  

Citycon Oyj(a)

     11,049        116,149  

Cramo Oyj

     2,244        33,350  

Finnair Oyj

     5,427        35,820  

Fiskars Oyj Abp(a)

     2,625        33,178  

Kemira Oyj

     6,048        90,021  

Konecranes Oyj

     2,742        84,334  

Lassila & Tikanoja Oyj

     2,439        43,093  

Lehto Group Oyj(a)

     5,501        14,536  

Metsa Board Oyj

     20,001        134,594  

Oriola Oyj Class B

     10,128        23,022  

Outokumpu Oyj(a)

     21,475        67,641  

Raisio Oyj Class V

     7,786        29,715  

Sanoma Oyj

     7,641        81,010  

Terveystalo Oyj*(b)

     3,313        41,577  

Tieto Oyj

     5,448        169,518  

Tokmanni Group Corp.

     4,304        60,970  

Uponor Oyj

     3,960        51,785  

YIT Oyj(a)

     10,509        70,306  
     

 

 

 
Total Finland

 

     1,240,056  
France – 3.2%

 

Albioma S.A.

     988        28,835  

Beneteau S.A.

     2,454        29,832  

Chargeurs S.A.(a)

     1,423      27,602  

Coface S.A.

     12,923        159,132  

Derichebourg S.A.

     9,597        39,320  

Elior Group S.A.(b)

     5,613        82,538  

Europcar Mobility Group(a)(b)

     5,117        24,894  

Interparfums S.A.

     830        34,472  

IPSOS

     1,864        60,573  

Jacquet Metal Service S.A.

     1,462        25,306  

Kaufman & Broad S.A.

     1,606        66,701  

Maisons du Monde S.A.(b)

     472        6,872  

Manitou BF S.A.

     996        23,981  

Metropole Television S.A.

     6,959        131,077  

Nexity S.A.

     3,282        164,971  

Quadient

     1,768        42,827  

Rallye S.A.

     3,537        40,179  

Rothschild & Co.

     2,054        59,024  

Sopra Steria Group

     485        78,123  

SPIE S.A.

     5,568        113,501  

Tarkett S.A.

     2,013        32,538  

Television Francaise 1

     8,662        71,951  

Trigano S.A.

     490        51,757  

Vicat S.A.

     1,284        58,156  
     

 

 

 
Total France

 

     1,454,162  
Georgia – 0.1%

 

Bank of Georgia Group PLC

     2,160        46,499  
Germany – 4.9%

 

Aareal Bank AG

     4,713        160,033  

alstria office REIT-AG

     4,442        83,518  

AURELIUS Equity Opportunities SE & Co. KGaA

     1,088        47,630  

Aurubis AG

     1,645        101,041  

Bilfinger SE

     1,624        63,037  

CANCOM SE

     587        34,659  

CropEnergies AG

     4,613        56,855  

Dermapharm Holding SE

     1,450        64,698  

Deutsche Pfandbriefbank AG(b)

     11,524        188,344  

Deutz AG

     2,795        17,475  

DIC Asset AG

     3,536        63,110  

Duerr AG

     2,025        69,056  

Encavis AG

     6,592        69,481  

Freenet AG

     10,930        250,777  

Gerresheimer AG

     618        47,866  

Hamburger Hafen und Logistik AG

     2,034        56,029  

Indus Holding AG

     892        38,899  

Jenoptik AG

     928        26,542  

JOST Werke AG(b)

     730        30,565  

Kloeckner & Co. SE

     7,024        49,514  

Koenig & Bauer AG

     610        19,131  

Krones AG

     733        55,538  

MLP SE

     6,736        42,342  

NORMA Group SE

     1,065        45,428  

PATRIZIA AG

     1,220        27,197  

Pfeiffer Vacuum Technology AG

     216        38,551  

RHOEN-KLINIKUM AG

     1,084        21,269  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares     Value  

Salzgitter AG

     1,617     $ 35,866  

Siltronic AG

     2,310       232,642  

Software AG

     1,773       61,895  

Takkt AG

     2,653       37,463  

Wacker Neuson SE

     1,879       35,961  

Wuestenrot & Wuerttembergische AG

     2,672       58,067  
    

 

 

 
Total Germany

 

    2,230,479  
Hong Kong – 0.5%

 

Dah Sing Banking Group Ltd.

     35,600       47,608  

Dah Sing Financial Holdings Ltd.

     13,600       53,584  

Hongkong & Shanghai Hotels Ltd. (The)

     28,500       30,542  

Kowloon Development Co., Ltd.

     26,000       32,601  

Nissin Foods Co., Ltd.

     33,000       26,216  

Television Broadcasts Ltd.

     38,400       60,322  
    

 

 

 
Total Hong Kong

 

    250,873  
Ireland – 0.7%

 

C&C Group PLC(a)

     12,668       68,219  

Grafton Group PLC

     4,653       53,442  

Greencore Group PLC

     17,521       62,182  

Hibernia REIT PLC

     17,236       27,280  

Irish Continental Group PLC

     6,443       35,004  

Origin Enterprises PLC

     6,278       26,145  

UDG Healthcare PLC

     3,293       35,161  
    

 

 

 
Total Ireland

 

    307,433  
Israel – 2.5%

 

Ashtrom Group Ltd.

     4,022       60,214  

Ashtrom Properties Ltd.

     6,733       43,041  

Delek Automotive Systems Ltd.

     5,571       35,790  

Delek Group Ltd.

     795       120,867  

First International Bank of Israel Ltd.

     3,744       108,277  

Fox Wizel Ltd.

     1,054       48,001  

Gazit-Globe Ltd.

     8,900       98,482  

Harel Insurance Investments & Financial Services Ltd.

     7,891       61,570  

Hilan Ltd.

     951       38,271  

Inrom Construction Industries Ltd.

     9,431       40,930  

Magic Software Enterprises Ltd.

     2,851       27,734  

Matrix IT Ltd.

     2,624       52,807  

Maytronics Ltd.

     3,659       30,559  

Mehadrin Ltd.*

      0       16  

Menora Mivtachim Holdings Ltd.

     1,520       22,219  

Naphtha Israel Petroleum Corp., Ltd.

     6,481       38,728  

OPC Energy Ltd.

     2,112       17,934  

Paz Oil Co., Ltd.

     553       78,275  

Phoenix Holdings Ltd. (The)

     15,507       93,742  

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

     592       34,039  

Shapir Engineering and Industry Ltd.

     5,493       33,524  

Shufersal Ltd.

     6,948       44,215  
    

 

 

 
Total Israel

 

    1,129,235  
Italy – 4.2%

 

Anima Holding SpA(b)

     21,451       110,810  

Aquafil SpA(a)

     2,869       20,289  

Ascopiave SpA

     10,564      45,239  

ASTM SpA

     1,828        55,320  

Autogrill SpA

     4,872        51,024  

Azimut Holding SpA

     10,179        243,144  

Banca Farmafactoring SpA(b)

     16,487        98,825  

Banca IFIS SpA

     4,752        74,678  

Banca Popolare di Sondrio SCPA

     11,749        27,801  

Banca Sistema SpA(b)

     14,456        29,987  

BPER Banca

     16,714        84,108  

Brunello Cucinelli SpA

     733        25,967  

Cairo Communication SpA

     11,700        35,657  

Cerved Group SpA

     6,906        67,403  

CIR-Compagnie Industriali Riunite SpA

     21,463        26,212  

Credito Emiliano SpA

     12,283        71,558  

Datalogic SpA(a)

     1,781        33,726  

doValue SpA(b)

     3,163        43,671  

El.En. SpA

     786        29,151  

Falck Renewables SpA

     5,766        30,808  

Fincantieri SpA(a)

     16,186        16,733  

Gamenet Group SpA(b)

     3,163        46,156  

Gruppo MutuiOnline SpA

     1,151        25,905  

Immobiliare Grande Distribuzione SIIQ SpA

     8,958        62,343  

Maire Tecnimont SpA(a)

     13,443        37,332  

MARR SpA

     2,299        52,516  

Piaggio & C. SpA

     13,404        41,346  

RAI Way SpA(b)

     8,247        56,747  

Reply SpA

     331        25,804  

Rizzoli Corriere Della Sera Mediagroup SpA

     35,640        40,326  

Saras SpA

     54,694        88,039  

Societa Cattolica di Assicurazioni SC

     7,783        63,514  

Technogym SpA(b)

     3,101        40,343  

Tod’s SpA(a)

     635        29,381  

Unieuro SpA(b)

     2,128        32,008  

Zignago Vetro SpA

     3,369        48,028  
     

 

 

 
Total Italy

 

     1,911,899  
Japan – 26.4%

 

77 Bank Ltd. (The)

     2,035        34,305  

ADEKA Corp.

     2,400        36,571  

Aeon Delight Co., Ltd.

     900        32,505  

Ai Holdings Corp.

     1,800        32,248  

Aica Kogyo Co., Ltd.

     1,100        36,692  

Aichi Corp.

     3,300        22,653  

Alpen Co., Ltd.

     2,100        34,338  

Amano Corp.

     1,800        55,238  

Anest Iwata Corp.

     2,800        27,311  

Anritsu Corp.(a)

     1,600        31,919  

AOKI Holdings, Inc.

     3,600        37,466  

Aomori Bank Ltd. (The)

     1,048        28,226  

Aoyama Trading Co., Ltd.

     2,300        32,529  

Arcs Co., Ltd.

     1,600        33,966  

Ariake Japan Co., Ltd.

     300        22,443  

As One Corp.

     435        40,868  

Asahi Holdings, Inc.

     1,600        39,840  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares      Value  

Asics Corp.(a)

     2,600      $ 43,447  

Autobacs Seven Co., Ltd.

     2,100        33,237  

Awa Bank Ltd. (The)

     370        8,338  

Axial Retailing, Inc.

     600        21,035  

Bank of Nagoya Ltd. (The)

     849        26,640  

Bank of Okinawa Ltd. (The)

     642        21,740  

Bell System24 Holdings, Inc.

     1,901        30,087  

Benesse Holdings, Inc.

     1,800        47,603  

Bic Camera, Inc.

     3,300        37,836  

C.I. Takiron Corp.

     4,700        31,960  

Central Glass Co., Ltd.

     1,000        24,670  

Chugoku Bank Ltd. (The)

     3,400        34,884  

Citizen Watch Co., Ltd.

     8,600        47,244  

Cosel Co., Ltd.

     2,800        30,403  

Cosmo Energy Holdings Co., Ltd.

     2,219        51,353  

Credit Saison Co., Ltd.

     4,600        80,466  

Dai Nippon Toryo Co., Ltd.

     3,800        41,156  

Daibiru Corp.

     3,100        37,454  

Daido Steel Co., Ltd.

     1,100        48,636  

Daihen Corp.

     637        21,219  

Daiichikosho Co., Ltd.

     1,000        52,726  

Daikyonishikawa Corp.

     3,300        25,963  

Daishi Hokuetsu Financial Group, Inc.

     1,100        30,872  

Daiwabo Holdings Co., Ltd.

     500        30,964  

Denka Co., Ltd.

     2,300        69,206  

Denyo Co., Ltd.

     2,295        43,757  

DIC Corp.(a)

     2,600        72,611  

Dip Corp.

     1,641        48,849  

DMG Mori Co., Ltd.(a)

     2,900        45,098  

Doshisha Co., Ltd.(a)

     1,800        29,979  

Eagle Industry Co., Ltd.

     3,200        33,480  

Ebara Corp.(a)

     1,700        52,013  

Eidai Co., Ltd.

     7,700        25,436  

en-japan, Inc.

     700        30,757  

EPS Holdings, Inc.

     2,000        25,654  

Exedy Corp.

     1,930        44,132  

Financial Products Group Co., Ltd.

     4,500        43,603  

FP Corp.

     459        27,411  

Fuji Corp., Ltd.

     5,600        36,380  

Fuji Oil Holdings, Inc.

     1,100        29,718  

Fujikura Ltd.

     8,100        33,689  

Fujitec Co., Ltd.

     2,400        39,288  

Fujitsu General Ltd.

     1,549        35,049  

Furukawa Co., Ltd.

     2,100        27,942  

Furukawa Electric Co., Ltd.

     1,600        41,518  

Fuso Chemical Co., Ltd.

     1,100        32,744  

Fuyo General Lease Co., Ltd.

     700        47,472  

Glory Ltd.

     1,000        30,458  

GMO Financial Holdings, Inc.

     5,300        28,871  

GMO Internet, Inc.

     1,700        32,459  

Goldcrest Co., Ltd.

     1,300        24,917  

GS Yuasa Corp.

     1,951        42,458  

Gunma Bank Ltd. (The)

     10,787        38,314  

H2O Retailing Corp.

     2,900        32,743  

Hachijuni Bank Ltd. (The)

     10,600      46,623  

Hakudo Co., Ltd.(a)

     2,600        37,657  

Hakuto Co., Ltd.

     3,900        48,878  

Hanwa Co., Ltd.

     1,739        46,037  

Hazama Ando Corp.

     5,100        44,676  

Heiwa Corp.

     2,349        49,412  

Heiwa Real Estate Co., Ltd.

     1,300        35,887  

Hokkoku Bank Ltd. (The)

     500        15,988  

Hokuetsu Corp.

     5,000        25,995  

Hokuhoku Financial Group, Inc.

     3,306        35,045  

Horiba Ltd.

     900        60,704  

Hyakugo Bank Ltd. (The)

     9,200        29,460  

Hyakujushi Bank Ltd. (The)

     1,767        35,218  

Ibiden Co., Ltd.

     2,110        50,578  

Ichibanya Co., Ltd.

     600        31,801  

Ichigo, Inc.

     9,400        39,875  

Ichiyoshi Securities Co., Ltd.

     6,300        37,333  

Imasen Electric Industrial

     4,500        40,414  

Inaba Denki Sangyo Co., Ltd.

     1,200        30,697  

Inabata & Co., Ltd.

     2,300        34,688  

Inageya Co., Ltd.(a)

     2,100        28,966  

Information Services International-Dentsu Ltd.(a)

     700        27,891  

Itochu Enex Co., Ltd.

     5,200        44,165  

Itoham Yonekyu Holdings, Inc.

     5,300        34,382  

Iyo Bank Ltd. (The)

     5,900        33,660  

JAC Recruitment Co., Ltd.

     1,100        19,667  

Japan Aviation Electronics Industry Ltd.

     2,000        40,819  

Japan Lifeline Co., Ltd.

     1,700        23,355  

Japan Steel Works Ltd. (The)(a)

     2,000        39,696  

Japan Wool Textile Co., Ltd. (The)

     3,484        36,195  

Joshin Denki Co., Ltd.

     746        17,882  

Juroku Bank Ltd. (The)

     1,100        26,003  

K’s Holdings Corp.

     4,490        59,123  

Kagome Co., Ltd.(a)

     1,000        24,090  

Kaken Pharmaceutical Co., Ltd.

     1,000        55,579  

Kandenko Co., Ltd.

     4,278        41,294  

Kaneka Corp.

     1,400        45,346  

Kanematsu Corp.

     3,000        40,663  

Kanematsu Electronics Ltd.

     1,100        36,996  

Kansai Mirai Financial Group, Inc.

     8,000        51,971  

Kasai Kogyo Co., Ltd.

     4,805        38,024  

Kato Sangyo Co., Ltd.

     748        24,847  

Keiyo Bank Ltd. (The)

     5,001        29,129  

Keiyo Co., Ltd.

     7,900        41,654  

King Jim Co., Ltd.

     6,500        52,215  

Kintetsu World Express, Inc.

     2,000        35,114  

Kitz Corp.

     3,200        22,791  

Kiyo Bank Ltd. (The)

     1,900        29,022  

Kobe Steel Ltd.

     9,100        49,320  

Koei Tecmo Holdings Co., Ltd.

     2,860        75,082  

Kohnan Shoji Co., Ltd.

     1,000        23,593  

Kokuyo Co., Ltd.(a)

     2,300        34,582  

KOMEDA Holdings Co., Ltd.

     2,300        44,995  

Kondotec, Inc.

     5,000        52,542  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares      Value  

Konishi Co., Ltd.

     1,900      $ 27,099  

Kumagai Gumi Co., Ltd.

     900        27,578  

Kurabo Industries Ltd.

     1,863        43,560  

Kureha Corp.

     400        24,219  

KYORIN Holdings, Inc.

     2,573        45,198  

Kyowa Exeo Corp.

     2,100        53,469  

Kyudenko Corp.

     1,700        50,605  

Kyushu Financial Group, Inc.

     8,200        35,614  

Life Corp.

     866        20,703  

Lintec Corp.

     2,100        47,227  

Mabuchi Motor Co., Ltd.

     2,000        76,375  

Macnica Fuji Electronics Holdings, Inc.

     2,400        41,496  

Maeda Corp.

     3,200        31,477  

Maeda Road Construction Co., Ltd.

     2,142        52,705  

Makino Milling Machine Co., Ltd.

     700        32,335  

Mandom Corp.

     942        26,004  

Marusan Securities Co., Ltd.(a)

     8,400        37,720  

Matsui Securities Co., Ltd.(a)

     12,200        97,218  

Maxell Holdings Ltd.

     1,900        25,823  

Megmilk Snow Brand Co., Ltd.

     1,000        22,931  

Meitec Corp.

     900        50,932  

Miraca Holdings, Inc.

     2,000        49,377  

Mirait Holdings Corp.(a)

     2,000        30,384  

Mitsubishi Logistics Corp.

     900        23,578  

Mitsubishi Shokuhin Co., Ltd.

     900        25,631  

Mitsuboshi Belting Ltd.

     1,500        29,096  

Mitsui Mining & Smelting Co., Ltd.

     900        24,215  

Mitsui OSK Lines Ltd.

     1,800        50,104  

Mitsui Sugar Co., Ltd.

     1,200        25,154  

Mixi, Inc.

     2,900        55,238  

Mochida Pharmaceutical Co., Ltd.

     600        24,348  

Modec, Inc.

     600        14,714  

Morinaga & Co., Ltd.

     600        28,930  

Morinaga Milk Industry Co., Ltd.

     600        24,569  

Morita Holdings Corp.

     1,500        25,176  

Morito Co., Ltd.

     5,100        36,698  

Morningstar Japan K.K.

     8,497        32,057  

MOS Food Services, Inc.

     1,100        30,518  

Musashi Seimitsu Industry Co., Ltd.

     2,100        29,121  

Musashino Bank Ltd. (The)

     1,700        29,487  

Nagaileben Co., Ltd.

     1,300        28,709  

Nagase & Co., Ltd.

     2,600        38,997  

Nakanishi, Inc.

     1,617        30,979  

NEC Capital Solutions Ltd.

     2,600        59,859  

NEC Networks & System Integration Corp.

     1,300        46,294  

NET One Systems Co., Ltd.

     1,000        25,737  

NHK Spring Co., Ltd.

     5,300        48,525  

Nichias Corp.

     2,174        55,713  

Nichiden Corp.

     2,100        40,309  

NichiiGakkan Co., Ltd.

     1,800        27,379  

Nifco, Inc.

     1,200        33,126  

Nihon Kohden Corp.

     900        25,093  

Nihon Parkerizing Co., Ltd.

     2,440        26,404  

Nippo Corp.

     1,600        34,657  

Nippon Coke & Engineering Co., Ltd.

     55,800      41,590  

Nippon Electric Glass Co., Ltd.(a)

     2,500        56,154  

Nippon Flour Mills Co., Ltd.

     1,881        29,251  

Nippon Gas Co., Ltd.

     800        25,802  

Nippon Kayaku Co., Ltd.

     2,900        36,158  

Nippon Paper Industries Co., Ltd.(a)

     1,800        30,609  

Nippon Parking Development Co., Ltd.

     19,591        27,942  

Nippon Sheet Glass Co., Ltd.

     6,000        38,427  

Nippon Shokubai Co., Ltd.

     600        37,488  

Nippon Signal Co., Ltd.

     2,700        36,298  

Nippon Steel Trading Corp.

     900        43,810  

Nipro Corp.(a)

     3,600        43,561  

Nishi-Nippon Financial Holdings, Inc.

     5,100        40,218  

Nishimatsu Construction Co., Ltd.

     1,950        44,320  

Nisshin Oillio Group Ltd. (The)

     742        25,843  

Nisshinbo Holdings, Inc.(a)

     4,850        46,637  

Nissin Electric Co., Ltd.

     2,600        32,442  

Nissin Kogyo Co., Ltd.

     1,800        36,770  

Noevir Holdings Co., Ltd.

     673        36,228  

NOK Corp.

     3,600        54,360  

Nomura Co., Ltd.

     2,058        27,554  

Noritz Corp.(a)

     2,300        30,942  

North Pacific Bank Ltd.

     14,300        32,238  

NS United Kaiun Kaisha Ltd.

     1,100        22,754  

NSD Co., Ltd.

     2,400        39,707  

NTN Corp.

     17,324        54,997  

NuFlare Technology, Inc.

     200        21,974  

Obara Group, Inc.

     627        21,318  

Ogaki Kyoritsu Bank Ltd. (The)

     1,000        21,965  

Ohsho Food Service Corp.

     472        28,188  

Oiles Corp.

     1,900        29,075  

Okamoto Industries, Inc.

     300        11,194  

Okamura Corp.

     2,900        29,727  

Oki Electric Industry Co., Ltd.

     2,600        36,341  

Okumura Corp.

     1,290        35,729  

Open House Co., Ltd.

     1,900        54,723  

OSG Corp.

     2,100        40,386  

Outsourcing, Inc.(a)

     2,100        22,377  

PAL GROUP Holdings Co., Ltd.

     545        19,132  

Paramount Bed Holdings Co., Ltd.

     700        29,436  

Parco Co., Ltd.(a)

     2,400        40,745  

Penta-Ocean Construction Co., Ltd.

     7,500        46,722  

Prima Meat Packers Ltd.

     1,657        38,682  

Raito Kogyo Co., Ltd.

     1,700        24,778  

Relia, Inc.

     2,500        31,930  

Rengo Co., Ltd.

     3,150        24,174  

Resorttrust, Inc.

     2,300        39,259  

Restar Holdings Corp.(a)

     2,054        38,368  

Riso Kagaku Corp.

     1,800        31,983  

Ryosan Co., Ltd.

     1,800        46,807  

Sac’s Bar Holdings, Inc.

     2,900        24,497  

San ju San Financial Group, Inc.

     2,200        35,083  

San-In Godo Bank Ltd. (The)

     4,900        30,209  

Sanwa Holdings Corp.

     4,500        50,890  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares      Value  

Sanyo Chemical Industries Ltd.

     400      $ 19,949  

Sapporo Holdings Ltd.(a)

     1,100        26,104  

Sawai Pharmaceutical Co., Ltd.

     800        50,941  

SCREEN Holdings Co., Ltd.

     900        62,029  

Seika Corp.(a)

     3,200        39,693  

Seiko Holdings Corp.

     1,300        34,966  

Seino Holdings Co., Ltd.

     3,200        43,491  

Seiren Co., Ltd.

     1,800        26,137  

Senko Group Holdings Co., Ltd.

     4,580        39,320  

Senshu Ikeda Holdings, Inc.

     17,200        32,920  

Seria Co., Ltd.

     1,000        27,329  

Shikoku Bank Ltd. (The)

     3,300        31,702  

Shikoku Chemicals Corp.

     2,012        25,549  

Shikoku Electric Power Co., Inc.

     4,800        47,614  

Shimachu Co., Ltd.

     1,053        28,904  

Shinko Electric Industries Co., Ltd.

     3,700        43,920  

Shinmaywa Industries Ltd.

     2,700        36,795  

Ship Healthcare Holdings, Inc.

     800        37,175  

SHO-BOND Holdings Co., Ltd.(a)

     700        29,243  

Showa Corp.

     2,100        43,903  

SKY Perfect JSAT Holdings, Inc.

     10,900        48,645  

Sotetsu Holdings, Inc.

     1,300        35,468  

Space Co., Ltd.

     3,000        35,252  

Sparx Group Co., Ltd.

     11,700        27,023  

SRA Holdings

     1,700        42,080  

Starts Corp., Inc.

     1,200        30,752  

Sumitomo Bakelite Co., Ltd.

     900        34,079  

Sumitomo Densetsu Co., Ltd.

     1,200        32,475  

Sumitomo Forestry Co., Ltd.

     3,900        57,957  

Sumitomo Mitsui Construction Co., Ltd.

     5,213        30,460  

Sumitomo Osaka Cement Co., Ltd.

     700        30,757  

Sumitomo Seika Chemicals Co., Ltd.

     825        26,912  

T-Gaia Corp.

     2,300        56,169  

T. RAD Co., Ltd.

     1,400        26,461  

Tachibana Eletech Co., Ltd.

     2,500        42,834  

Tadano Ltd.

     2,600        23,948  

Taikisha Ltd.

     700        25,089  

Taiyo Holdings Co., Ltd.

     900        36,894  

Takara Holdings, Inc.

     2,500        23,119  

Takara Standard Co., Ltd.

     1,800        32,663  

Takasago Thermal Engineering Co., Ltd.

     2,000        36,071  

Takeuchi Manufacturing Co., Ltd.

     1,953        29,580  

Tamron Co., Ltd.

     1,000        23,179  

Tanseisha Co., Ltd.

     2,200        26,742  

TechnoPro Holdings, Inc.

     573        40,335  

Tekken Corp.

     1,100        28,564  

THK Co., Ltd.

     3,000        81,932  

Toagosei Co., Ltd.(a)

     2,900        33,890  

Tochigi Bank Ltd. (The)

     16,900        36,700  

Toda Corp.

     7,404        49,462  

Toho Bank Ltd. (The)

     10,814        27,166  

Tokai Carbon Co., Ltd.(a)

     3,200        32,243  

TOKAI Holdings Corp.

     3,400        34,383  

Tokai Rika Co., Ltd.

     2,500        49,390  

Tokai Tokyo Financial Holdings, Inc.

     14,018      42,180  

Tokuyama Corp.

     1,200        31,614  

Tokyo Electron Device Ltd.

     2,500        62,733  

Tokyo Ohka Kogyo Co., Ltd.(a)

     1,000        39,384  

Tokyo Seimitsu Co., Ltd.

     1,800        70,559  

Tokyo Tatemono Co., Ltd.(a)

     4,500        70,766  

Tokyu Construction Co., Ltd.

     3,900        28,028  

Topcon Corp.

     2,100        27,498  

Toppan Forms Co., Ltd.

     3,200        36,100  

Topy Industries Ltd.

     1,100        20,426  

Toshiba TEC Corp.

     1,000        41,592  

Totetsu Kogyo Co., Ltd.(a)

     745        21,800  

Toyo Ink SC Holdings Co., Ltd.(a)

     1,828        44,861  

Toyo Tire Corp.(a)

     2,600        37,681  

Toyoda Gosei Co., Ltd.

     2,500        63,147  

Toyota Boshoku Corp.

     4,700        76,333  

TS Tech Co., Ltd.

     1,700        53,577  

Tsubaki Nakashima Co., Ltd.(a)

     1,993        29,324  

Tsubakimoto Chain Co.

     956        34,000  

Tsumura & Co.

     1,613        47,644  

UACJ Corp.

     1,400        32,180  

Ube Industries Ltd.

     2,600        56,917  

Ulvac, Inc.

     1,200        47,978  

Unipres Corp.

     1,600        22,703  

United Arrows Ltd.

     700        19,903  

Universal Entertainment Corp.

     900        30,766  

Unizo Holdings Co., Ltd.

     1,200        56,536  

Valor Holdings Co., Ltd.

     800        15,724  

Vital KSK Holdings, Inc.

     3,300        31,854  

VT Holdings Co., Ltd.

     7,600        33,988  

Wacoal Holdings Corp.

     1,734        46,862  

Wowow, Inc.

     1,500        38,164  

Xebio Holdings Co., Ltd.

     2,100        25,507  

Yahagi Construction Co., Ltd.

     5,400        41,193  

Yamagata Bank Ltd. (The)

     2,168        32,298  

Yamazen Corp.

     3,300        33,251  

Yaoko Co., Ltd.(a)

     500        25,673  

Yellow Hat Ltd.

     2,200        39,637  

Yuasa Trading Co., Ltd.

     1,000        33,908  

Yumeshin Holdings Co., Ltd.(a)

     3,900        31,832  

Zeon Corp.

     3,200        40,223  

Zojirushi Corp.(a)

     2,100        39,768  
     

 

 

 
Total Japan

 

     12,113,402  
Morocco – 0.0%

 

Vivo Energy PLC(b)

     13,277        21,740  
Netherlands – 1.9%

 

AMG Advanced Metallurgical Group N.V.(a)

     855        20,941  

Arcadis N.V.

     2,397        55,911  

BE Semiconductor Industries N.V.

     6,268        242,455  

Corbion N.V.

     1,337        42,202  

ForFarmers N.V.(a)

     4,820        31,056  

Intertrust N.V.(b)

     3,345        64,995  

Koninklijke BAM Groep N.V.

     12,364        37,278  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares      Value  

Koninklijke Volkerwessels N.V.

     4,279      $ 105,430  

PostNL N.V.(a)

     55,758        125,928  

Sligro Food Group N.V.

     1,698        45,744  

TKH Group N.V. CVA

     1,046        58,589  

Van Lanschot Kempen N.V.

     2,689        60,519  
     

 

 

 
Total Netherlands

 

     891,048  
New Zealand – 2.9%

 

Air New Zealand Ltd.

     95,577        188,929  

Chorus Ltd.

     20,182        84,146  

EBOS Group Ltd.

     4,663        76,288  

Freightways Ltd.

     5,460        31,310  

Genesis Energy Ltd.

     60,448        123,363  

Heartland Group Holdings Ltd.

     31,683        39,544  

Infratil Ltd.

     24,926        84,754  

Kathmandu Holdings Ltd.

     18,209        41,031  

Kiwi Property Group Ltd.

     61,104        64,309  

Mainfreight Ltd.

     1,400        40,142  

Metlifecare Ltd.

     8,081        37,236  

New Zealand Refining Co., Ltd. (The)

     15,707        19,922  

NZX Ltd.

     53,472        49,062  

Oceania Healthcare Ltd.

     34,007        30,285  

Port of Tauranga Ltd.

     10,038        53,838  

Scales Corp., Ltd.

     5,593        18,904  

Skellerup Holdings Ltd.

     17,899        29,223  

SKYCITY Entertainment Group Ltd.

     37,066        99,276  

Summerset Group Holdings Ltd.

     5,893        35,384  

Tourism Holdings Ltd.

     11,309        26,322  

Trustpower Ltd.

     9,810        49,174  

Z Energy Ltd.

     30,535        90,642  
     

 

 

 
Total New Zealand

 

     1,313,084  
Norway – 3.2%

 

ABG Sundal Collier Holding ASA

     103,018        46,777  

AF Gruppen ASA

     2,474        49,552  

American Shipping Co. ASA*

     9,026        33,742  

Atea ASA*

     5,464        79,964  

Austevoll Seafood ASA

     7,616        78,047  

B2Holding ASA(a)

     20,310        22,084  

Borregaard ASA

     2,872        31,049  

DNO ASA

     33,367        43,934  

Elkem ASA(b)

     64,781        182,534  

Entra ASA(b)

     5,608        92,538  

Europris ASA(b)

     14,038        55,115  

Fjordkraft Holding ASA(b)

     7,454        49,200  

Grieg Seafood ASA

     3,580        57,159  

Kongsberg Gruppen ASA

     3,594        56,442  

Kvaerner ASA

     26,429        33,445  

Norway Royal Salmon ASA

     1,141        31,059  

Ocean Yield ASA(a)

     16,443        89,819  

Sbanken ASA(b)

     2,888        24,518  

Selvaag Bolig ASA

     7,184        60,498  

SpareBank 1 SMN

     6,654        75,874  

TGS Nopec Geophysical Co. ASA

     3,886        118,119  

Veidekke ASA

     7,530        102,402  

Wallenius Wilhelmsen ASA

     2,389      5,932  

XXL ASA*(a)(b)

     13,061        24,896  
     

 

 

 
Total Norway

 

     1,444,699  
Portugal – 1.4%

 

Altri, SGPS, S.A.

     8,513        54,277  

Corticeira Amorim, SGPS, S.A.

     3,066        38,890  

CTT-Correios de Portugal S.A.

     12,244        43,843  

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

     11,160        23,426  

Navigator Co. S.A. (The)

     53,009        213,495  

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

     40,928        124,961  

Semapa-Sociedade de Investimento e Gestao

     3,018        46,479  

Sonae, SGPS, S.A.

     85,442        87,277  
     

 

 

 
Total Portugal

 

     632,648  
Singapore – 2.8%

 

Accordia Golf Trust

     108,900        54,262  

Asian Pay Television Trust

     225,601        28,354  

Best World International Ltd.(a)

     17,900        17,945  

Bukit Sembawang Estates Ltd.

     7,700        26,800  

China Aviation Oil Singapore Corp., Ltd.

     35,534        33,561  

Chip Eng Seng Corp., Ltd.

     59,205        27,299  

First Resources Ltd.

     31,427        44,407  

GuocoLand Ltd.

     20,300        29,590  

Hi-P International Ltd.

     29,000        32,997  

Hutchison Port Holdings Trust

     589,600        101,411  

Japfa Ltd.(a)

     51,100        22,041  

Keppel Infrastructure Trust

     229,191        92,041  

NetLink NBN Trust

     215,600        151,521  

Oxley Holdings Ltd.

     155,052        40,935  

Raffles Medical Group Ltd.

     52,900        39,341  

Riverstone Holdings Ltd.

     40,100        27,585  

SBS Transit Ltd.

     11,318        32,237  

Sheng Siong Group Ltd.

     58,300        53,763  

SIA Engineering Co., Ltd.

     25,000        52,430  

Singapore Post Ltd.

     67,800        47,145  

StarHub Ltd.

     148,000        156,294  

Tuan Sing Holdings Ltd.

     102,700        25,204  

UMS Holdings Ltd.

     65,900        50,479  

Wing Tai Holdings Ltd.

     14,800        22,233  

Yanlord Land Group Ltd.

     95,009        85,495  
     

 

 

 
Total Singapore

 

     1,295,370  
Spain – 2.4%

 

Acerinox S.A.

     8,411        94,838  

Applus Services S.A.

     1,981        25,350  

Atresmedia Corp. de Medios de Comunicacion S.A.(a)

     22,696        88,708  

Bolsas y Mercados Espanoles SHMSF S.A.

     5,512        212,717  

Construcciones y Auxiliar de Ferrocarriles S.A.

     643        29,592  

Ence Energia y Celulosa S.A.(a)

     17,431        71,808  

Euskaltel S.A.(b)

     6,101        61,430  

Faes Farma S.A.

     10,816        60,705  

Liberbank S.A.

     60,806        22,865  

Mediaset Espana Comunicacion S.A.

     12,945        82,244  

Melia Hotels International S.A.

     4,461        39,359  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares      Value  

Metrovacesa S.A.(b)

     4,022      $ 39,504  

Prosegur Cia de Seguridad S.A.

     17,047        70,418  

Sacyr S.A.(a)

     25,089        73,222  

Unicaja Banco S.A.(b)

     71,299        77,472  

Viscofan S.A.

     1,260        66,616  
     

 

 

 
Total Spain

 

     1,116,848  
Sweden – 5.3%

 

AddTech AB Class B

     1,169        37,838  

AF Poyry AB

     2,635        61,533  

Ahlstrom-Munksjo Oyj(a)

     3,750        60,278  

Atrium Ljungberg AB Class B

     3,815        92,104  

Avanza Bank Holding AB

     5,031        52,562  

Beijer Ref AB

     1,837        53,926  

Betsson AB*

     8,545        39,872  

Bilia AB Class A

     5,306        60,253  

BillerudKorsnas AB

     3,533        41,761  

Bonava AB Class B

     4,116        43,750  

Bravida Holding AB(b)

     5,514        53,573  

Clas Ohlson AB Class B

     4,007        48,284  

Cloetta AB Class B

     9,709        32,878  

Coor Service Management Holding AB(b)

     4,710        41,459  

Dios Fastigheter AB

     6,376        58,440  

Dometic Group AB(b)

     6,581        66,309  

Duni AB

     1,588        21,917  

Dustin Group AB(b)

     3,365        27,014  

Fagerhult AB

     6,240        39,662  

Granges AB

     2,981        31,510  

Hemfosa Fastigheter AB

     8,444        109,417  

Hexpol AB

     9,793        96,036  

HIQ International AB*

     5,749        31,751  

JM AB

     3,876        114,859  

KNOW IT AB

     1,416        31,539  

Kungsleden AB

     7,345        77,208  

Loomis AB Class B

     2,213        91,678  

Mycronic AB

     2,549        50,402  

NCC AB Class B

     3,226        52,796  

NetEnt AB*

     14,755        40,745  

Nobia AB

     11,863        88,456  

Nobina AB(b)

     7,584        52,215  

Nolato AB Class B

     722        42,420  

Nordic Waterproofing Holding A/S(b)

     3,456        35,516  

NP3 Fastigheter AB

     3,931        47,452  

Peab AB Class B

     12,515        125,337  

Platzer Fastigheter Holding AB Class B

     3,785        44,477  

Resurs Holding AB(b)

     12,077        77,602  

Scandi Standard AB

     3,661        29,097  

Scandic Hotels Group AB(b)

     4,355        48,570  

SkiStar AB

     2,840        36,042  

Thule Group AB(b)

     2,966        68,439  

Wihlborgs Fastigheter AB

     4,642        85,540  
     

 

 

 
Total Sweden

 

     2,442,517  
Switzerland – 1.7%

 

Allreal Holding AG Registered Shares*

     478        94,973  

Bobst Group S.A. Registered Shares(a)

     436      25,372  

Cembra Money Bank AG

     1,176        128,730  

Comet Holding AG Registered Shares

     186        23,549  

Daetwyler Holding AG Bearer Shares

     79        15,207  

EFG International AG*

     13,231        87,309  

Galenica AG*(b)

     1,728        106,801  

Huber + Suhner AG Registered Shares

     452        35,848  

Implenia AG Registered Shares

     660        26,759  

Landis+Gyr Group AG*

     944        98,168  

Mobilezone Holding AG Registered Shares*

     3,437        38,546  

u-blox Holding AG*

     258        26,057  

Valiant Holding AG Registered Shares

     555        56,397  
     

 

 

 
Total Switzerland

 

     763,716  
United Kingdom – 18.4%

 

A.G. Barr PLC

     2,763        21,230  

Aggreko PLC

     8,156        89,960  

Arrow Global Group PLC

     11,020        37,402  

Ascential PLC(b)

     7,427        38,549  

Bakkavor Group PLC(b)

     24,107        44,582  

Balfour Beatty PLC

     13,328        46,153  

Biffa PLC(b)

     9,418        34,186  

Big Yellow Group PLC

     4,947        78,642  

Bodycote PLC

     8,805        111,045  

Bovis Homes Group PLC

     12,450        223,977  

Brewin Dolphin Holdings PLC

     13,735        67,760  

Card Factory PLC

     26,864        52,635  

CareTech Holdings PLC

     6,003        35,389  

Central Asia Metals PLC

     14,681        42,787  

Chemring Group PLC

     8,161        26,001  

Chesnara PLC

     11,362        47,564  

Clarkson PLC

     984        39,432  

Close Brothers Group PLC

     6,093        128,986  

CMC Markets PLC(b)

     28,982        56,285  

Coats Group PLC

     30,256        29,901  

Computacenter PLC

     3,030        71,168  

Concentric AB

     2,103        35,720  

ContourGlobal PLC(b)

     9,128        25,394  

Costain Group PLC

     9,449        19,953  

Countryside Properties PLC(b)

     18,733        112,965  

Cranswick PLC

     1,010        45,358  

Crest Nicholson Holdings PLC

     22,308        127,608  

Daily Mail & General Trust PLC Class A Non-Voting Shares(a)

     9,561        105,001  

Devro PLC(a)

     10,448        24,692  

DFS Furniture PLC

     8,834        33,821  

Diploma PLC

     1,945        52,151  

Diversified Gas & Oil PLC

     45,563        64,283  

Dixons Carphone PLC

     86,882        165,970  

Domino’s Pizza Group PLC

     18,528        78,593  

Drax Group PLC

     19,051        79,247  

Dunelm Group PLC

     5,735        87,826  

Elementis PLC

     24,545        58,204  

Empiric Student Property PLC

     29,944        38,677  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares      Value  

Equiniti Group PLC(b)

     10,618      $ 29,033  

Essentra PLC

     12,541        72,336  

Euromoney Institutional Investor PLC

     2,155        37,170  

FDM Group Holdings PLC

     4,268        58,463  

Ferrexpo PLC

     17,547        36,949  

First Derivatives PLC

     264        9,583  

Forterra PLC(b)

     9,360        42,965  

Galliford Try PLC

     11,568        131,716  

Games Workshop Group PLC

     686        55,481  

Genus PLC

     1,021        42,958  

Go-Ahead Group PLC (The)

     2,402        70,260  

Halfords Group PLC

     18,143        40,691  

Hammerson PLC

     62,291        254,739  

Hastings Group Holdings PLC(b)

     45,778        108,675  

Hays PLC

     77,117        185,524  

Headlam Group PLC

     6,323        44,814  

Helical PLC

     5,745        36,075  

Hill & Smith Holdings PLC

     2,282        44,530  

Hilton Food Group PLC

     2,733        40,116  

Ibstock PLC(b)

     25,198        105,150  

IntegraFin Holdings PLC

     8,730        51,465  

International Personal Finance PLC

     19,496        41,582  

J D Wetherspoon PLC

     110        2,423  

James Fisher & Sons PLC

     1,027        27,550  

John Laing Group PLC(b)

     10,615        53,436  

Johnson Service Group PLC

     14,076        36,548  

Jupiter Fund Management PLC

     29,719        161,261  

Keller Group PLC

     4,346        43,180  

Liontrust Asset Management PLC

     3,290        47,943  

Lookers PLC

     31,541        22,981  

M&C Saatchi PLC

     4,715        7,745  

Marshalls PLC

     5,319        60,599  

Marston’s PLC

     37,232        62,739  

McCarthy & Stone PLC(b)

     24,795        48,942  

MJ Gleeson PLC

     3,381        42,774  

Moneysupermarket.com Group PLC

     14,340        62,804  

Morgan Advanced Materials PLC

     11,938        50,133  

Morgan Sindall Group PLC

     2,205        47,321  

N Brown Group PLC

     22,376        48,258  

National Express Group PLC

     16,670        103,705  

Northgate PLC

     8,834        36,396  

Numis Corp. PLC

     7,862        31,141  

OneSavings Bank PLC

     16,706        95,917  

Pagegroup PLC

     15,993        110,807  

Paragon Banking Group PLC

     11,753        83,921  

PayPoint PLC

     5,735        76,886  

Pets at Home Group PLC

     21,575        79,914  

Pharos Energy PLC

     43,138        29,831  

Photo-Me International PLC

     41,654        53,526  

Polar Capital Holdings PLC

     6,374        46,442  

Polypipe Group PLC

     6,271        44,861  

Premier Miton Group PLC

     10,343        25,828  

Provident Financial PLC

     5,606        33,947  

PZ Cussons PLC

     16,297        45,014  

QinetiQ Group PLC

     11,742      55,657  

Rank Group PLC

     18,262        67,013  

Redde PLC

     35,195        49,422  

Redrow PLC

     17,931        176,968  

Renewi PLC

     97,137        46,583  

Restaurant Group PLC (The)

     19,834        42,828  

Royal Mail PLC

     111,965        335,661  

RPS Group PLC

     16,328        36,902  

RWS Holdings PLC

     4,019        32,424  

Sabre Insurance Group PLC(b)

     13,648        55,687  

Safestore Holdings PLC

     5,043        53,847  

Saga PLC

     97,073        68,157  

Savills PLC

     4,848        72,894  

Senior PLC

     13,473        30,860  

SIG PLC

     20,343        33,148  

Softcat PLC

     6,118        93,368  

Sophos Group PLC(b)

     5,385        39,806  

Spire Healthcare Group PLC(b)

     15,503        29,163  

Spirent Communications PLC

     16,347        54,464  

St. Modwen Properties PLC

     5,207        34,283  

Stagecoach Group PLC

     33,338        70,663  

SThree PLC

     9,630        48,350  

Stock Spirits Group PLC

     10,857        29,701  

Superdry PLC(a)

     5,586        37,259  

Synthomer PLC

     11,777        55,198  

TalkTalk Telecom Group PLC

     28,497        43,829  

TBC Bank Group PLC

     1,853        31,912  

Telecom Plus PLC

     2,380        47,357  

TI Fluid Systems PLC(b)

     21,900        77,172  

TP ICAP PLC

     31,136        168,578  

Trifast PLC(a)

     4,947        11,796  

TT Electronics PLC

     7,682        25,442  

Tyman PLC

     12,550        45,139  

Ultra Electronics Holdings PLC

     2,255        63,152  

Vesuvius PLC

     9,575        63,422  

Victrex PLC

     1,587        52,433  

Vitec Group PLC (The)

     2,079        30,296  

Volution Group PLC

     10,271        34,969  

WH Smith PLC

     2,675        92,136  

William Hill PLC

     71,533        178,582  

Wincanton PLC

     8,475        34,355  

XPS Pensions Group PLC(a)

     19,494        35,380  
     

 

 

 
Total United Kingdom

 

     8,430,401  
TOTAL COMMON STOCKS
(Cost: $41,796,543)
              46,106,784  
RIGHTS – 0.0%

 

Norway – 0.0%

 

XXL ASA, expiring 3/11/20*

     1,333        266  
Spain – 0.0%

 

Faes Farma S.A., expiring 1/3/20*

     10,816        1,734  
TOTAL RIGHTS
(Cost: $1,711)
              2,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.7%

 

United States – 5.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 1.58%(c)

     
(Cost: $2,635,449)(d)      2,635,449      $ 2,635,449  
TOTAL INVESTMENTS IN SECURITIES – 106.2%
(Cost: $44,433,703)

 

     48,744,233  

Other Assets less Liabilities – (6.2)%

 

     (2,845,226
     

 

 

 
NET ASSETS – 100.0%

 

   $ 45,899,007  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $17,945, which represents 0.04% of net assets.

 

 

Share amount represents a fractional share.

 

(a)

Security, or portion thereof, was on loan at December 31, 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 December 31, 2019.

 

(d)

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $4,134,801. The Fund also had securities on loan having a total market value of $3,114 that were sold and pending settlement. The total market value of the collateral held by the Fund was $4,369,716. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,734,267.

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.

    1/6/2020       1,049,247       AUD       737,623       USD     $ 4     $  

Bank of America N.A.

    1/6/2020       509,055       DKK       76,482       USD       3        

Bank of America N.A.

    1/6/2020       1,302,322       EUR       1,462,100       USD       29        

Bank of America N.A.

    1/6/2020       623,406       GBP       825,914       USD       18        

Bank of America N.A.

    1/6/2020       394,670       ILS       114,310       USD             (31

Bank of America N.A.

    1/6/2020       2,565,449       NOK       291,946       USD       9        

Bank of America N.A.

    1/6/2020       164,001       SGD       121,972       USD             (5

Bank of America N.A.

    1/6/2020       744,435       USD       1,099,576       AUD             (28,573

Bank of America N.A.

    1/6/2020       77,188       USD       521,504       DKK             (1,167

Bank of America N.A.

    1/6/2020       1,475,602       USD       1,334,774       EUR             (22,961

Bank of America N.A.

    1/6/2020       833,541       USD       643,496       GBP             (19,008

Bank of America N.A.

    1/6/2020       115,365       USD       399,697       ILS             (370

Bank of America N.A.

    1/6/2020       294,643       USD       2,712,115       NOK             (14,003

Bank of America N.A.

    1/6/2020       123,099       USD       168,292       SGD             (2,059

Bank of America N.A.

    1/7/2020       99,235       CHF       102,483       USD       3        

Bank of America N.A.

    1/7/2020       311,032       NZD       209,847       USD             (6

Bank of America N.A.

    1/7/2020       3,718,344       SEK       397,326       USD             (26

Bank of America N.A.

    1/7/2020       103,430       USD       103,035       CHF             (2,980

Bank of America N.A.

    1/7/2020       211,785       USD       329,759       NZD             (10,691

Bank of America N.A.

    1/7/2020       400,995       USD       3,829,313       SEK             (8,162

Bank of America N.A.

    1/8/2020       136,852,186       JPY       1,259,335       USD       19        

Bank of America N.A.

    1/8/2020       1,270,965       USD       138,780,099       JPY             (6,130

Bank of America N.A.

    2/5/2020       767,124       USD       1,090,483       AUD             (57

Bank of America N.A.

    2/5/2020       106,743       USD       103,150       CHF             (5

Bank of America N.A.

    2/5/2020       81,923       USD       544,144       DKK             (2

Bank of America N.A.

    2/5/2020       1,513,361       USD       1,345,536       EUR             (124

Bank of America N.A.

    2/5/2020       900,357       USD       679,038       GBP             (54

Bank of America N.A.

    2/5/2020       112,530       USD       388,066       ILS             (5

Bank of America N.A.

    2/5/2020       2,114,474       USD       229,437,767       JPY             (158

Bank of America N.A.

    2/5/2020       305,492       USD       2,684,168       NOK             (13

Bank of America N.A.

    2/5/2020       135,765       USD       201,145       NZD       6        

Bank of America N.A.

    2/5/2020       257,877       USD       2,410,059       SEK       7        

Bank of America N.A.

    2/5/2020       124,570       USD       167,469       SGD             (6

Citibank N.A.

    1/6/2020       46,879       AUD       32,438       USD       518        

Citibank N.A.

    1/6/2020       799,400       AUD       562,003       USD             (20

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 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.

    1/6/2020       22,640       DKK       3,363       USD     $ 39     $  

Citibank N.A.

    1/6/2020       387,731       DKK       58,273       USD             (17

Citibank N.A.

    1/6/2020       57,925       EUR       64,298       USD       735        

Citibank N.A.

    1/6/2020       992,199       EUR       1,113,981       USD             (29

Citibank N.A.

    1/6/2020       28,079       GBP       36,321       USD       880        

Citibank N.A.

    1/6/2020       474,963       GBP       629,270       USD             (5

Citibank N.A.

    1/6/2020       17,460       ILS       5,027       USD       29        

Citibank N.A.

    1/6/2020       300,712       ILS       87,094       USD             (21

Citibank N.A.

    1/6/2020       114,857       NOK       12,839       USD       232        

Citibank N.A.

    1/6/2020       1,954,580       NOK       222,439       USD             (3

Citibank N.A.

    1/6/2020       7,273       SGD       5,364       USD       45        

Citibank N.A.

    1/6/2020       124,956       SGD       92,934       USD             (4

Citibank N.A.

    1/6/2020       567,193       USD       837,779       AUD             (21,770

Citibank N.A.

    1/6/2020       58,812       USD       397,362       DKK             (891

Citibank N.A.

    1/6/2020       1,124,271       USD       1,016,958       EUR             (17,478

Citibank N.A.

    1/6/2020       635,083       USD       490,247       GBP             (14,430

Citibank N.A.

    1/6/2020       87,901       USD       304,552       ILS             (284

Citibank N.A.

    1/6/2020       224,490       USD       2,066,550       NOK             (10,689

Citibank N.A.

    1/6/2020       93,790       USD       128,222       SGD             (1,568

Citibank N.A.

    1/7/2020       4,420       CHF       4,507       USD       58        

Citibank N.A.

    1/7/2020       75,610       CHF       78,086       USD       1        

Citibank N.A.

    1/7/2020       13,922       NZD       9,228       USD       164        

Citibank N.A.

    1/7/2020       236,950       NZD       159,884       USD             (23

Citibank N.A.

    1/7/2020       164,624       SEK       17,473       USD       117        

Citibank N.A.

    1/7/2020       2,832,915       SEK       302,725       USD             (32

Citibank N.A.

    1/7/2020       78,805       USD       78,504       CHF             (2,271

Citibank N.A.

    1/7/2020       161,360       USD       251,246       NZD             (8,145

Citibank N.A.

    1/7/2020       305,522       USD       2,917,428       SEK             (6,201

Citibank N.A.

    1/8/2020       6,049,709       JPY       55,381       USD       290        

Citibank N.A.

    1/8/2020       104,264,605       JPY       959,497       USD             (24

Citibank N.A.

    1/8/2020       968,358       USD       105,733,654       JPY             (4,634

Citibank N.A.

    2/5/2020       584,476       USD       830,813       AUD             (21

Citibank N.A.

    2/5/2020       81,330       USD       78,593       CHF             (4

Citibank N.A.

    2/5/2020       62,421       USD       414,513       DKK       13        

Citibank N.A.

    2/5/2020       1,153,039       USD       1,025,127       EUR             (43

Citibank N.A.

    2/5/2020       685,990       USD       517,353       GBP             (26

Citibank N.A.

    2/5/2020       85,739       USD       295,680       ILS             (4

Citibank N.A.

    2/5/2020       1,611,028       USD       174,807,170       JPY             (97

Citibank N.A.

    2/5/2020       232,760       USD       2,045,107       NOK             (8

Citibank N.A.

    2/5/2020       103,442       USD       153,264       NZD             (1

Citibank N.A.

    2/5/2020       196,478       USD       1,836,246       SEK       5        

Citibank N.A.

    2/5/2020       94,913       USD       127,599       SGD             (5

Commonwealth Bank of Australia

    1/6/2020       744,435       USD       1,099,615       AUD             (28,601

Commonwealth Bank of Australia

    1/6/2020       77,188       USD       521,583       DKK             (1,179

Commonwealth Bank of Australia

    1/6/2020       1,475,602       USD       1,334,819       EUR             (23,012

Commonwealth Bank of Australia

    1/6/2020       833,541       USD       643,480       GBP             (18,986

Commonwealth Bank of Australia

    1/6/2020       115,365       USD       399,727       ILS             (378

Commonwealth Bank of Australia

    1/6/2020       294,643       USD       2,712,177       NOK             (14,010

Commonwealth Bank of Australia

    1/6/2020       123,099       USD       168,296       SGD             (2,062

Commonwealth Bank of Australia

    1/7/2020       103,430       USD       103,039       CHF             (2,984

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 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
 

Commonwealth Bank of Australia

    1/7/2020       211,785       USD       329,771       NZD     $     $ (10,698

Commonwealth Bank of Australia

    1/7/2020       400,995       USD       3,829,610       SEK             (8,193

Commonwealth Bank of Australia

    1/8/2020       1,270,965       USD       138,780,481       JPY             (6,133

HSBC Holdings PLC

    1/6/2020       1,049,247       AUD       737,623       USD       4        

HSBC Holdings PLC

    1/6/2020       509,040       DKK       76,482       USD       0 *       

HSBC Holdings PLC

    1/6/2020       1,302,305       EUR       1,462,100       USD       10        

HSBC Holdings PLC

    1/6/2020       623,406       GBP       825,914       USD       18        

HSBC Holdings PLC

    1/6/2020       394,729       ILS       114,310       USD             (14

HSBC Holdings PLC

    1/6/2020       2,565,414       NOK       291,946       USD       5        

HSBC Holdings PLC

    1/6/2020       163,999       SGD       121,972       USD             (7

HSBC Holdings PLC

    1/7/2020       99,233       CHF       102,483       USD       0 *       

HSBC Holdings PLC

    1/7/2020       310,992       NZD       209,847       USD             (33

HSBC Holdings PLC

    1/7/2020       3,718,278       SEK       397,326       USD             (33

HSBC Holdings PLC

    1/8/2020       136,849,037       JPY       1,259,335       USD             (10

HSBC Holdings PLC

    2/5/2020       767,124       USD       1,090,452       AUD             (36

HSBC Holdings PLC

    2/5/2020       106,743       USD       103,156       CHF             (11

HSBC Holdings PLC

    2/5/2020       81,923       USD       544,184       DKK             (8

HSBC Holdings PLC

    2/5/2020       1,513,361       USD       1,345,554       EUR             (144

HSBC Holdings PLC

    2/5/2020       900,357       USD       679,045       GBP             (63

HSBC Holdings PLC

    2/5/2020       112,530       USD       388,104       ILS             (15

HSBC Holdings PLC

    2/5/2020       2,114,474       USD       229,447,282       JPY             (246

HSBC Holdings PLC

    2/5/2020       305,492       USD       2,684,386       NOK             (37

HSBC Holdings PLC

    2/5/2020       135,765       USD       201,176       NZD             (15

HSBC Holdings PLC

    2/5/2020       257,877       USD       2,410,088       SEK       4        

HSBC Holdings PLC

    2/5/2020       124,570       USD       167,457       SGD       3        

JP Morgan Chase Bank N.A.

    1/6/2020       1,049,247       AUD       737,623       USD       4        

JP Morgan Chase Bank N.A.

    1/6/2020       509,037       DKK       76,482       USD       0 *       

JP Morgan Chase Bank N.A.

    1/6/2020       1,302,310       EUR       1,462,100       USD       16        

JP Morgan Chase Bank N.A.

    1/6/2020       623,403       GBP       825,914       USD       15        

JP Morgan Chase Bank N.A.

    1/6/2020       394,742       ILS       114,310       USD             (10

JP Morgan Chase Bank N.A.

    1/6/2020       2,565,368       NOK       291,946       USD             (1

JP Morgan Chase Bank N.A.

    1/6/2020       164,000       SGD       121,972       USD             (6

JP Morgan Chase Bank N.A.

    1/7/2020       99,213       CHF       102,483       USD             (21

JP Morgan Chase Bank N.A.

    1/7/2020       311,035       NZD       209,847       USD             (4

JP Morgan Chase Bank N.A.

    1/7/2020       3,718,426       SEK       397,326       USD             (18

JP Morgan Chase Bank N.A.

    1/8/2020       136,851,304       JPY       1,259,335       USD       11        

JP Morgan Chase Bank N.A.

    2/5/2020       767,124       USD       1,090,418       AUD             (12

JP Morgan Chase Bank N.A.

    2/5/2020       106,743       USD       103,128       CHF       18        

JP Morgan Chase Bank N.A.

    2/5/2020       81,923       USD       544,143       DKK             (1

JP Morgan Chase Bank N.A.

    2/5/2020       1,513,361       USD       1,345,486       EUR             (68

JP Morgan Chase Bank N.A.

    2/5/2020       900,357       USD       679,014       GBP             (23

JP Morgan Chase Bank N.A.

    2/5/2020       112,530       USD       388,056       ILS             (2

JP Morgan Chase Bank N.A.

    2/5/2020       2,114,474       USD       229,432,481       JPY             (110

JP Morgan Chase Bank N.A.

    2/5/2020       305,492       USD       2,684,107       NOK             (6

JP Morgan Chase Bank N.A.

    2/5/2020       135,765       USD       201,154       NZD             (0 )* 

JP Morgan Chase Bank N.A.

    2/5/2020       257,877       USD       2,410,141       SEK             (2

JP Morgan Chase Bank N.A.

    2/5/2020       124,570       USD       167,466       SGD             (4

Morgan Stanley & Co. International

    1/3/2020       60,372       AUD       330,000       HKD       86        

Morgan Stanley & Co. International

    1/6/2020       1,049,262       AUD       737,623       USD       14        

Morgan Stanley & Co. International

    1/6/2020       509,045       DKK       76,482       USD       1        

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 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

    1/6/2020       1,302,305       EUR       1,462,100       USD     $ 10     $  

Morgan Stanley & Co. International

    1/6/2020       623,403       GBP       825,914       USD       15        

Morgan Stanley & Co. International

    1/6/2020       394,751       ILS       114,310       USD             (8

Morgan Stanley & Co. International

    1/6/2020       2,565,426       NOK       291,946       USD       6        

Morgan Stanley & Co. International

    1/6/2020       164,004       SGD       121,972       USD             (2

Morgan Stanley & Co. International

    1/7/2020       99,235       CHF       102,483       USD       2        

Morgan Stanley & Co. International

    1/7/2020       311,033       NZD       209,847       USD             (5

Morgan Stanley & Co. International

    1/7/2020       3,710,872       SEK       397,326       USD             (825

Morgan Stanley & Co. International

    1/8/2020       136,852,438       JPY       1,259,335       USD       21        

Morgan Stanley & Co. International

    2/5/2020       767,124       USD       1,090,467       AUD             (46

Morgan Stanley & Co. International

    2/5/2020       106,743       USD       103,152       CHF             (6

Morgan Stanley & Co. International

    2/5/2020       81,923       USD       544,175       DKK             (6

Morgan Stanley & Co. International

    2/5/2020       1,513,361       USD       1,345,542       EUR             (131

Morgan Stanley & Co. International

    2/5/2020       900,357       USD       679,035       GBP             (50

Morgan Stanley & Co. International

    2/5/2020       112,530       USD       388,442       ILS             (113

Morgan Stanley & Co. International

    2/5/2020       2,114,474       USD       229,443,265       JPY             (209

Morgan Stanley & Co. International

    2/5/2020       305,492       USD       2,684,297       NOK             (27

Morgan Stanley & Co. International

    2/5/2020       135,765       USD       201,152       NZD       1        

Morgan Stanley & Co. International

    2/5/2020       257,877       USD       2,410,174       SEK             (5

Morgan Stanley & Co. International

    2/5/2020       124,570       USD       167,469       SGD             (6

Royal Bank of Canada

    1/6/2020       744,435       USD       1,099,563       AUD             (28,564

Royal Bank of Canada

    1/6/2020       77,188       USD       521,505       DKK             (1,168

Royal Bank of Canada

    1/6/2020       1,475,602       USD       1,334,744       EUR             (22,928

Royal Bank of Canada

    1/6/2020       833,541       USD       643,450       GBP             (18,947

Royal Bank of Canada

    1/6/2020       115,365       USD       399,716       ILS             (375

Royal Bank of Canada

    1/6/2020       294,643       USD       2,712,375       NOK             (14,032

Royal Bank of Canada

    1/6/2020       123,099       USD       168,290       SGD             (2,058

Royal Bank of Canada

    1/7/2020       103,430       USD       103,033       CHF             (2,978

Royal Bank of Canada

    1/7/2020       211,785       USD       329,762       NZD             (10,692

Royal Bank of Canada

    1/7/2020       400,995       USD       3,829,309       SEK             (8,161

Royal Bank of Canada

    1/8/2020       1,270,965       USD       138,772,092       JPY             (6,056

Standard Chartered Bank

    1/6/2020       744,435       USD       1,099,560       AUD             (28,562

Standard Chartered Bank

    1/6/2020       77,188       USD       521,509       DKK             (1,168

Standard Chartered Bank

    1/6/2020       1,475,602       USD       1,334,722       EUR             (22,903

Standard Chartered Bank

    1/6/2020       833,541       USD       643,447       GBP             (18,944

Standard Chartered Bank

    1/6/2020       115,365       USD       399,694       ILS             (368

Standard Chartered Bank

    1/6/2020       294,643       USD       2,712,324       NOK             (14,026

Standard Chartered Bank

    1/6/2020       123,099       USD       168,284       SGD             (2,053

Standard Chartered Bank

    1/7/2020       103,430       USD       103,031       CHF             (2,977

Standard Chartered Bank

    1/7/2020       211,785       USD       329,768       NZD             (10,696

Standard Chartered Bank

    1/7/2020       400,995       USD       3,829,099       SEK             (8,139

Standard Chartered Bank

    1/8/2020       1,270,965       USD       138,841,487       JPY             (6,695

State Street Bank and Trust

    1/3/2020       364,143       NOK       37,000       EUR             (93
                                            $ 3,488     $ (556,562
* 

Amount represent less than $1.

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2019

 

 

 

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.

 

52   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2019

 

 

 

Investments    Shares     Value  
COMMON STOCKS – 99.8%

 

Brazil – 4.7%

 

Ambev S.A.

     27,829     $ 129,159  

Atacadao S.A.

     5,188       30,114  

B3 S.A. – Brasil Bolsa Balcao

     12,084       129,080  

Banco Bradesco S.A.

     7,913       67,019  

Banco do Brasil S.A.

     16,284       213,817  

Banco Santander Brasil S.A.

     4,012       49,388  

BB Seguridade Participacoes S.A.

     8,337       78,133  

BR Malls Participacoes S.A.

     22,446       100,772  

CCR S.A.

     19,080       90,024  

Centrais Eletricas Brasileiras S.A.

     2,118       19,902  

Cia de Locacao das Americas

     3,494       19,725  

Cia de Saneamento Basico do Estado de Sao Paulo

     3,143       47,316  

Cia de Saneamento de Minas Gerais-COPASA

     1,358       22,952  

Cia de Saneamento do Parana

     1,894       47,751  

Cia Energetica de Minas Gerais

     2,859       11,080  

Cia Hering

     2,953       24,988  

Cia Siderurgica Nacional S.A.

     16,782       58,864  

Cielo S.A.

     44,736       93,082  

Cogna Educacao

     12,578       35,739  

Cosan S.A.

     1,474       25,492  

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     6,035       44,542  

Duratex S.A.

     9,953       41,369  

EDP – Energias do Brasil S.A.

     6,965       38,264  

Energisa S.A.

     2,805       37,326  

Engie Brasil Energia S.A.

     3,434       43,366  

Ez Tec Empreendimentos e Participacoes S.A.

      0       5  

Fleury S.A.

     6,016       45,658  

Hapvida Participacoes e Investimentos S.A.(a)

     635       10,087  

Hypera S.A.

     6,518       57,829  

IRB Brasil Resseguros S.A.

     3,254       31,507  

Itau Unibanco Holding S.A.

     8,061       64,184  

Itausa – Investimentos Itau S.A.

     24,505       85,588  

Klabin S.A.

     21,217       97,100  

Localiza Rent a Car S.A.

     2,545       29,994  

Lojas Renner S.A.

     4,674       65,288  

MRV Engenharia e Participacoes S.A.

     3,350       17,946  

Natura & Co. Holding S.A.

     1,385       13,314  

Petrobras Distribuidora S.A.

     14,761       110,340  

Petroleo Brasileiro S.A.

     15,237       121,208  

Porto Seguro S.A.

     2,012       31,380  

Qualicorp Consultoria e Corretora de Seguros S.A.

     4,941       45,569  

Raia Drogasil S.A.

     885       24,561  

SLC Agricola S.A.

     3,792       23,378  

Smiles Fidelidade S.A.

     2,511       24,513  

Sul America S.A.

     1,835       27,333  

Suzano S.A.

     2,901       28,616  

TIM Participacoes S.A.

     11,629       45,300  

Transmissora Alianca de Energia Eletrica S.A.

     12,747       98,802  

Tupy S.A.

     5,424       34,113  

Ultrapar Participacoes S.A.

     7,944       50,318  

WEG S.A.

     4,600       39,634  

YDUQS Part

     6,272      74,060  
     

 

 

 
Total Brazil

 

     2,796,889  
Chile – 1.0%

 

AES Gener S.A.

     242,374        52,539  

Aguas Andinas S.A. Class A

     112,292        47,638  

Banco de Chile

     644,192        68,279  

Banco de Credito e Inversiones S.A.

     951        43,127  

CAP S.A.

     1,328        10,061  

Cia Cervecerias Unidas S.A.

     5,134        50,319  

Colbun S.A.

     346,586        55,310  

Empresas CMPC S.A.

     14,193        34,730  

Empresas COPEC S.A.

     5,096        45,745  

Enel Americas S.A.

     424,650        94,310  

Enel Chile S.A.

     662,422        62,106  
     

 

 

 
Total Chile

 

     564,164  
China – 26.7%

 

AAC Technologies Holdings, Inc.

     8,000        69,817  

Agile Group Holdings Ltd.

     44,000        66,182  

Agricultural Bank of China Ltd. Class A

     151,300        80,149  

Agricultural Bank of China Ltd. Class H

     368,000        161,996  

Air China Ltd. Class H

     14,000        14,212  

Angang Steel Co., Ltd. Class H(b)

     10,600        4,408  

Anhui Conch Cement Co., Ltd. Class A

     6,000        47,203  

Anhui Conch Cement Co., Ltd. Class H

     22,000        160,374  

Anhui Kouzi Distillery Co., Ltd. Class A

     1,400        11,036  

ANTA Sports Products Ltd.

     5,000        44,759  

Asia Cement China Holdings Corp.

     13,000        19,420  

Ausnutria Dairy Corp., Ltd.*

     5,000        7,200  

BAIC Motor Corp., Ltd. Class H(a)

     34,000        19,287  

Bank of Beijing Co., Ltd. Class A

     59,499        48,517  

Bank of China Ltd. Class A

     125,800        66,641  

Bank of China Ltd. Class H

     1,194,000        510,283  

Bank of Communications Co., Ltd. Class A

     62,700        50,677  

Bank of Communications Co., Ltd. Class H

     407,000        289,379  

Bank of Nanjing Co., Ltd. Class A

     20,000        25,181  

Bank of Shanghai Co., Ltd. Class A

     20,170        27,479  

Baoshan Iron & Steel Co., Ltd. Class A

     63,300        52,162  

Beijing Capital International Airport Co., Ltd. Class H

     38,000        36,821  

Beijing Enterprises Holdings Ltd.

     11,000        50,470  

Beijing Enterprises Water Group Ltd.*

     122,000        61,690  

BOE Technology Group Co., Ltd. Class A

     20,300        13,231  

Brilliance China Automotive Holdings Ltd.

     14,000        14,518  

BYD Electronic International Co., Ltd.

     7,000        13,458  

CGN Power Co., Ltd. Class H(a)

     164,000        43,779  

China Aoyuan Group Ltd.

     20,000        32,598  

China BlueChemical Ltd. Class H

     114,000        28,091  

China Cinda Asset Management Co., Ltd. Class H

     132,000        29,985  

China CITIC Bank Corp., Ltd. Class A

     5,400        4,783  

China CITIC Bank Corp., Ltd. Class H

     220,000        131,857  

China Communications Construction Co., Ltd. Class H

     84,000        68,457  

China Communications Services Corp., Ltd. Class H

     38,000        27,701  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2019

 

 

 

Investments    Shares      Value  

China Conch Venture Holdings Ltd.

     16,000      $ 69,817  

China Construction Bank Corp. Class A

     29,200        30,308  

China Construction Bank Corp. Class H

     1,417,000        1,223,903  

China Everbright Bank Co., Ltd. Class A

     61,000        38,619  

China Everbright International Ltd.

     77,407        62,090  

China Fortune Land Development Co., Ltd. Class A

     5,200        21,425  

China Galaxy Securities Co., Ltd. Class H

     25,000        14,727  

China Gas Holdings Ltd.

     12,800        47,968  

China Hongqiao Group Ltd.

     41,000        24,731  

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

     20,240        18,885  

China Jinmao Holdings Group Ltd.

     72,000        56,090  

China Lesso Group Holdings Ltd.

     24,000        30,771  

China Life Insurance Co., Ltd. Class H

     20,000        55,571  

China Lilang Ltd.

     36,000        29,385  

China Longyuan Power Group Corp., Ltd. Class H

     47,000        29,738  

China Maple Leaf Educational Systems Ltd.(b)

     46,000        18,774  

China Medical System Holdings Ltd.

     25,000        35,999  

China Mengniu Dairy Co., Ltd.*

     10,000        40,427  

China Merchants Bank Co., Ltd. Class A

     23,500        126,783  

China Merchants Bank Co., Ltd. Class H

     25,500        131,070  

China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A

     8,600        24,532  

China Minsheng Banking Corp., Ltd. Class H

     127,500        96,380  

China Mobile Ltd.

     97,000        815,408  

China Molybdenum Co., Ltd. Class A

     30,500        19,091  

China Molybdenum Co., Ltd. Class H(b)

     63,000        27,005  

China National Building Material Co., Ltd. Class H

     50,000        55,828  

China Oriental Group Co., Ltd.

     14,000        5,804  

China Overseas Grand Oceans Group Ltd.

     43,000        29,745  

China Overseas Land & Investment Ltd.

     42,000        163,595  

China Pacific Insurance Group Co., Ltd. Class A

     5,000        27,162  

China Pacific Insurance Group Co., Ltd. Class H

     26,200        103,229  

China Petroleum & Chemical Corp. Class A

     131,600        96,541  

China Petroleum & Chemical Corp. Class H

     852,000        512,831  

China Power International Development Ltd.

     211,666        45,366  

China Railway Construction Corp., Ltd. Class A

     5,600        8,152  

China Railway Construction Corp., Ltd. Class H

     25,500        27,916  

China Railway Group Ltd. Class A

     24,100        20,551  

China Railway Group Ltd. Class H

     49,000        30,248  

China Railway Signal & Communication Corp., Ltd. Class H(a)

     37,000        20,656  

China Resources Beer Holdings Co., Ltd.

     2,000        11,063  

China Resources Cement Holdings Ltd.

     62,000        78,934  

China Resources Gas Group Ltd.

     6,000        32,958  

China Resources Land Ltd.

     28,000        139,429  

China Resources Power Holdings Co., Ltd.

     30,000        42,121  

China SCE Group Holdings Ltd.

     70,000        40,786  

China Shenhua Energy Co., Ltd. Class A

     14,800        38,776  

China Shenhua Energy Co., Ltd. Class H

     88,000        183,865  

China State Construction Engineering Corp., Ltd. Class A

     47,800        38,566  

China State Construction International Holdings Ltd.

     30,000        27,259  

China Suntien Green Energy Corp., Ltd. Class H

     97,000      28,010  

China Telecom Corp., Ltd. Class H

     204,000        84,042  

China Unicom Hong Kong Ltd.

     48,000        45,217  

China Vanke Co., Ltd. Class A

     12,200        56,361  

China Vanke Co., Ltd. Class H

     20,300        86,626  

China Yangtze Power Co., Ltd. Class A

     33,000        87,075  

China Yongda Automobiles Services Holdings Ltd.

     26,000        23,692  

China Yuhua Education Corp., Ltd.(a)

     26,000        17,585  

China ZhengTong Auto Services Holdings Ltd.(b)

     68,500        24,440  

China Zhongwang Holdings Ltd.

     70,000        27,940  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     70,000        35,756  

CIFI Holdings Group Co., Ltd.

     68,000        57,512  

CITIC Ltd.

     48,000        64,191  

CITIC Securities Co., Ltd. Class A

     10,800        39,226  

CITIC Securities Co., Ltd. Class H

     12,000        27,383  

CITIC Telecom International Holdings Ltd.

     94,000        34,262  

CNOOC Ltd.

     394,000        655,335  

COSCO Shipping Ports Ltd.

     56,000        45,853  

Country Garden Holdings Co., Ltd.

     107,000        171,380  

CRRC Corp., Ltd. Class A

     16,600        17,015  

CRRC Corp., Ltd. Class H

     67,000        48,841  

CSPC Pharmaceutical Group Ltd.

     22,000        52,460  

Dah Chong Hong Holdings Ltd.

     55,000        25,976  

Dali Foods Group Co., Ltd.(a)

     40,000        29,621  

Daqin Railway Co., Ltd. Class A

     37,600        44,317  

Dongfeng Motor Group Co., Ltd. Class H

     46,000        43,274  

Dongyue Group Ltd.

     62,000        34,375  

ENN Energy Holdings Ltd.

     4,700        51,362  

Fangda Special Steel Technology Co., Ltd. Class A

     15,000        21,663  

Far East Horizon Ltd.

     58,000        54,339  

Focus Media Information Technology Co., Ltd. Class A

     23,700        21,299  

Foshan Haitian Flavouring & Food Co., Ltd. Class A

     800        12,347  

Fosun International Ltd.

     57,000        83,103  

Fufeng Group Ltd.*

     73,000        32,135  

Fuyao Glass Industry Group Co., Ltd. Class A

     8,400        28,930  

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

     14,400        44,077  

Geely Automobile Holdings Ltd.

     47,000        91,927  

Gemdale Corp. Class A

     14,000        29,143  

Great Wall Motor Co., Ltd. Class H(b)

     84,500        62,466  

Greatview Aseptic Packaging Co., Ltd.

     56,000        25,658  

Greentown China Holdings Ltd.

     23,000        28,249  

Guangdong Investment Ltd.

     48,000        100,413  

Guangzhou Automobile Group Co., Ltd. Class H(b)

     51,200        63,739  

Guangzhou R&F Properties Co., Ltd. Class H(b)

     24,800        45,769  

Haier Electronics Group Co., Ltd.

     12,000        37,501  

Haier Smart Home Co., Ltd. Class A

     8,200        22,955  

Haitian International Holdings Ltd.

     8,000        19,384  

Haitong Securities Co., Ltd. Class A

     12,000        26,633  

Haitong Securities Co., Ltd. Class H

     9,200        10,874  

Hebei Construction Group Corp. Ltd. Class H(b)

     12,000        7,454  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     5,399        22,501  

Hengan International Group Co., Ltd.

     16,000        113,966  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2019

 

 

 

Investments    Shares      Value  

Hengli Petrochemical Co., Ltd. Class A

     3,400      $ 7,849  

Hua Hong Semiconductor Ltd.(a)

     6,000        13,645  

Huaneng Power International, Inc. Class H

     62,000        31,351  

Huatai Securities Co., Ltd. Class A

     8,900        25,950  

Huatai Securities Co., Ltd. Class H(a)(b)

     8,800        15,563  

Huayu Automotive Systems Co., Ltd. Class A

     5,000        18,656  

Industrial & Commercial Bank of China Ltd. Class A

     87,500        73,862  

Industrial & Commercial Bank of China Ltd. Class H

     1,008,000        776,201  

Industrial Bank Co., Ltd. Class A

     35,400        100,624  

Inner Mongolia Yili Industrial Group Co., Ltd. Class A

     11,900        52,857  

Jiangsu Expressway Co., Ltd. Class H

     38,000        52,086  

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A

     1,300        20,622  

Jingrui Holdings Ltd.

     38,000        12,582  

Jinke Properties Group Co., Ltd. Class A

     13,600        14,995  

JNBY Design Ltd.

     12,000        16,109  

Kaisa Group Holdings Ltd.*

     31,000        14,800  

Kingboard Holdings Ltd.

     12,500        39,625  

Kingboard Laminates Holdings Ltd.

     21,500        26,655  

Kunlun Energy Co., Ltd.

     66,000        58,277  

Kweichow Moutai Co., Ltd. Class A

     600        101,899  

KWG Group Holdings Ltd.*

     30,500        42,745  

Lee & Man Paper Manufacturing Ltd.

     26,000        19,687  

Legend Holdings Corp. Class H(a)

     6,700        15,203  

Lenovo Group Ltd.

     128,000        85,916  

Li Ning Co., Ltd.

     2,500        7,492  

Logan Property Holdings Co., Ltd.

     24,000        40,288  

Lomon Billions Group Co., Ltd. Class A

     11,599        25,627  

Longfor Group Holdings Ltd.(a)

     16,500        77,293  

Lonking Holdings Ltd.

     92,000        27,629  

Luye Pharma Group Ltd.(a)(b)

     33,000        24,734  

Luzhou Laojiao Co., Ltd. Class A

     1,400        17,421  

Maanshan Iron & Steel Co., Ltd. Class H(b)

     94,000        38,122  

Midea Group Co., Ltd. Class A

     10,899        91,142  

Midea Real Estate Holding Ltd.(a)

     8,600        26,379  

Minth Group Ltd.

     8,000        28,235  

Nanjing Iron & Steel Co., Ltd. Class A

     46,800        23,179  

New China Life Insurance Co., Ltd. Class H

     7,100        30,526  

Nine Dragons Paper Holdings Ltd.

     67,000        69,650  

PetroChina Co., Ltd. Class A

     67,300        56,327  

PetroChina Co., Ltd. Class H

     358,000        179,648  

PICC Property & Casualty Co., Ltd. Class H

     62,000        74,717  

Ping An Bank Co., Ltd. Class A

     6,500        15,350  

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

     12,900        158,266  

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

     29,500        348,693  

Poly Developments and Holdings Group Co., Ltd. Class A

     15,500        36,004  

Postal Savings Bank of China Co., Ltd. Class H(a)

     128,000        87,066  

Powerlong Real Estate Holdings Ltd.

     38,000        25,360  

Qingdao Port International Co., Ltd. Class H(a)

     44,000        31,228  

Ronshine China Holdings Ltd.*

     15,000        20,753  

SAIC Motor Corp., Ltd. Class A

     14,900      51,016  

Sansteel Minguang Co., Ltd. Fujian Class A

     16,900        22,709  

Sany Heavy Industry Co., Ltd. Class A

     8,800        21,540  

Seazen Group Ltd.*(b)

     24,000        29,200  

Seazen Holdings Co., Ltd. Class A

     2,200        12,229  

Shaanxi Coal Industry Co., Ltd. Class A

     14,600        18,843  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     16,000        19,179  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     7,000        21,112  

Shanghai International Port Group Co., Ltd. Class A

     15,500        12,839  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     22,700        44,166  

Shanghai Pudong Development Bank Co., Ltd. Class A

     33,800        60,024  

Shenzhen Overseas Chinese Town Co., Ltd. Class A

     14,200        15,880  

Shenzhou International Group Holdings Ltd.

     5,400        78,937  

Shimao Property Holdings Ltd.

     16,000        62,014  

Shougang Fushan Resources Group Ltd.

     206,000        44,416  

Sino Biopharmaceutical Ltd.

     14,000        19,585  

Sino-Ocean Group Holding Ltd.

     68,500        27,517  

Sinopec Engineering Group Co., Ltd. Class H

     42,000        25,119  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     70,000        21,112  

Sinopharm Group Co., Ltd. Class H

     15,600        56,960  

Sinotrans Ltd. Class H

     88,000        29,929  

Sinotruk Hong Kong Ltd.

     16,500        35,195  

SITC International Holdings Co., Ltd.

     37,000        45,112  

SSY Group Ltd.

     24,000        19,436  

Sun Art Retail Group Ltd.

     20,500        24,863  

Sunac China Holdings Ltd.

     16,000        95,588  

Sunny Optical Technology Group Co., Ltd.

     1,600        27,701  

TCL Corp. Class A

     34,200        21,947  

Tencent Holdings Ltd.

     6,600        318,150  

Tianneng Power International Ltd.

     38,000        28,920  

Times China Holdings Ltd.

     13,000        25,927  

Tingyi Cayman Islands Holding Corp.

     22,000        37,552  

TravelSky Technology Ltd. Class H

     8,000        19,528  

Tsingtao Brewery Co., Ltd. Class H

     2,000        13,437  

Uni-President China Holdings Ltd.

     22,000        23,096  

Virscend Education Co., Ltd.(a)

     64,000        15,113  

Wanhua Chemical Group Co., Ltd. Class A

     5,700        45,964  

Want Want China Holdings Ltd.

     109,000        101,840  

Weichai Power Co., Ltd. Class A

     13,000        29,637  

Weichai Power Co., Ltd. Class H

     36,000        75,957  

Wens Foodstuffs Group Co., Ltd. Class A

     4,600        22,189  

West China Cement Ltd.

     110,000        18,070  

WH Group Ltd.(a)

     111,500        115,195  

Wuliangye Yibin Co., Ltd. Class A

     2,300        43,918  

Xinjiang Goldwind Science & Technology Co., Ltd. Class A

     5,800        9,950  

Xinjiang Goldwind Science & Technology Co., Ltd. Class H

     9,200        10,686  

Xinyi Glass Holdings Ltd.

     72,000        95,362  

Xinyi Solar Holdings Ltd.

     36,904        26,191  

XTEP International Holdings Ltd.

     31,000        16,471  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2019

 

 

 

Investments    Shares      Value  

Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class H(a)(b)

     6,500      $ 12,914  

Yanzhou Coal Mining Co., Ltd. Class H

     52,000        46,716  

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

     2,800        15,901  

Yuzhou Properties Co., Ltd.

     72,000        39,642  

Zhejiang Expressway Co., Ltd. Class H

     52,000        47,383  

Zhejiang Longsheng Group Co., Ltd. Class A

     4,700        9,763  

Zhejiang NHU Co., Ltd. Class A

     4,600        15,360  

Zhengzhou Yutong Bus Co., Ltd. Class A

     7,500        15,343  

Zhongsheng Group Holdings Ltd.

     5,500        22,517  

Zhuzhou CRRC Times Electric Co., Ltd. Class H

     6,200        22,439  

Zijin Mining Group Co., Ltd. Class H

     114,000        56,767  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class A

     21,300        20,426  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H

     29,800        24,974  
     

 

 

 
Total China

 

     15,776,685  
Czech Republic – 0.2%

 

CEZ AS

     6,079        136,801  
Hong Kong – 0.2%

 

Ajisen China Holdings Ltd.

     56,000        19,908  

China Water Affairs Group Ltd.(b)

     32,000        23,943  

Chow Tai Fook Jewellery Group Ltd.

     57,200        54,691  

Stella International Holdings Ltd.

     20,500        32,887  
     

 

 

 
Total Hong Kong

 

     131,429  
Hungary – 0.3%

 

MOL Hungarian Oil & Gas PLC

     7,526        75,102  

OTP Bank Nyrt

     1,117        58,500  

Richter Gedeon Nyrt

     2,249        48,970  
     

 

 

 
Total Hungary

 

     182,572  
India – 5.6%

 

Ashok Leyland Ltd.

     26,905        30,720  

Asian Paints Ltd.

     2,112        52,815  

Bajaj Auto Ltd.

     1,102        49,173  

Bharat Electronics Ltd.

     13,068        18,317  

Bharat Heavy Electricals Ltd.

     38,471        23,418  

Bharat Petroleum Corp., Ltd.

     13,201        90,910  

Bharti Infratel Ltd.

     28,341        100,256  

Coal India Ltd.

     45,068        133,446  

Eicher Motors Ltd.

     89        28,074  

GAIL India Ltd.

     23,259        39,445  

Godrej Consumer Products Ltd.

     4,856        46,571  

Graphite India Ltd.

     4,137        17,576  

HCL Technologies Ltd.

     6,103        48,574  

HEG Ltd.

     778        11,619  

Hero MotoCorp., Ltd.

     1,264        43,263  

Hindustan Petroleum Corp., Ltd.

     13,138        48,684  

Hindustan Unilever Ltd.

     4,183        112,694  

Housing Development Finance Corp., Ltd.

     5,462        184,613  

Indiabulls Housing Finance Ltd.

     13,639        59,847  

Indian Oil Corp., Ltd.

     57,306        100,798  

IndusInd Bank Ltd.

     1,423        30,104  

Infosys Ltd. ADR

     34,048      351,375  

ITC Ltd.

     34,708        115,583  

JSW Steel Ltd.

     11,608        43,917  

Larsen & Toubro Ltd. GDR Reg S

     3,024        55,581  

Mahindra & Mahindra Ltd. GDR

     5,961        45,065  

Maruti Suzuki India Ltd.

     594        61,321  

Mphasis Ltd.

     3,132        40,467  

National Aluminium Co., Ltd.

     55,641        34,026  

NHPC Ltd.

     134,872        45,255  

NMDC Ltd.

     20,392        36,825  

NTPC Ltd.

     52,056        86,823  

Oil & Natural Gas Corp., Ltd.

     73,837        133,237  

Oil India Ltd.

     16,010        34,329  

Petronet LNG Ltd.

     18,358        68,915  

Piramal Enterprises Ltd.

     1,265        27,001  

Power Grid Corp. of India Ltd.

     32,857        87,576  

REC Ltd.

     22,747        45,604  

Redington India Ltd.

     12,025        19,846  

Reliance Industries Ltd.

     6,532        138,555  

Sun Pharmaceutical Industries Ltd.

     5,943        36,014  

Tata Consultancy Services Ltd.

     6,236        188,858  

Tata Steel Ltd.

     5,337        35,296  

Tech Mahindra Ltd.

     5,704        60,917  

UPL Ltd.

     3,887        31,830  

Vedanta Ltd.

     42,939        91,709  

Vedanta Ltd. ADR(b)

     11,962        103,232  

Yes Bank Ltd.

     23,117        15,206  

Zee Entertainment Enterprises Ltd.

     4,287        17,550  
     

 

 

 
Total India

 

     3,322,830  
Indonesia – 2.3%

 

Adaro Energy Tbk PT

     388,600        43,528  

AKR Corporindo Tbk PT

     42,100        11,979  

Astra International Tbk PT

     283,000        141,169  

Bank Central Asia Tbk PT

     41,300        99,438  

Bank Mandiri Persero Tbk PT

     199,200        110,129  

Bank Negara Indonesia Persero Tbk PT

     65,200        36,868  

Bank Rakyat Indonesia Persero Tbk PT

     457,700        145,066  

Bukit Asam Tbk PT

     206,500        39,567  

Charoen Pokphand Indonesia Tbk PT

     71,200        33,337  

Erajaya Swasembada Tbk PT

     43,300        5,599  

Gudang Garam Tbk PT

     10,900        41,613  

Hanjaya Mandala Sampoerna Tbk PT

     74,300        11,239  

Indah Kiat Pulp & Paper Corp. Tbk PT

     21,600        11,980  

Indika Energy Tbk PT

     126,500        10,889  

Indo Tambangraya Megah Tbk PT

     25,500        21,078  

Indocement Tunggal Prakarsa Tbk PT

     24,600        33,713  

Indofood Sukses Makmur Tbk PT

     67,200        38,362  

Japfa Comfeed Indonesia Tbk PT

     178,000        19,682  

Kalbe Farma Tbk PT

     257,500        30,049  

Matahari Department Store Tbk PT

     62,700        19,014  

Perusahaan Gas Negara Tbk PT

     136,500        21,336  

Sarana Menara Nusantara Tbk PT

     489,300        28,373  

Semen Indonesia Persero Tbk PT

     27,200        23,512  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2019

 

 

 

Investments    Shares      Value  

Surya Citra Media Tbk PT

     173,900      $ 17,662  

Telekomunikasi Indonesia Persero Tbk PT

     747,400        213,735  

Tower Bersama Infrastructure Tbk PT

     117,000        10,366  

Unilever Indonesia Tbk PT

     14,500        43,868  

United Tractors Tbk PT

     37,100        57,524  

Waskita Karya Persero Tbk PT

     147,500        15,778  
     

 

 

 
Total Indonesia

 

     1,336,453  
Malaysia – 2.8%

 

AirAsia Group Bhd

     60,600        25,185  

AMMB Holdings Bhd

     52,900        50,566  

Astro Malaysia Holdings Bhd

     64,900        20,150  

Bermaz Auto Bhd

     78,900        40,506  

British American Tobacco Malaysia Bhd

     5,600        20,645  

Cahya Mata Sarawak Bhd

     21,300        11,820  

Carlsberg Brewery Malaysia Bhd

     4,200        30,187  

CIMB Group Holdings Bhd

     100,400        126,405  

DiGi.Com Bhd

     66,700        72,725  

Gamuda Bhd

     38,300        36,516  

Hartalega Holdings Bhd

     22,700        30,411  

Heineken Malaysia Bhd

     6,100        40,443  

IJM Corp. Bhd

     26,700        14,164  

Inari Amertron Bhd

     30,400        12,634  

Magnum Bhd

     63,300        39,770  

Malayan Banking Bhd

     118,900        251,142  

Maxis Bhd

     40,700        52,933  

MISC Bhd

     27,000        55,116  

My EG Services Bhd

     22,400        6,024  

Petronas Chemicals Group Bhd

     53,000        95,233  

Petronas Gas Bhd

     17,800        72,323  

Public Bank Bhd

     37,300        177,267  

RHB Bank Bhd

     58,100        82,097  

Sime Darby Bhd

     57,100        30,989  

Sime Darby Plantation Bhd

     47,900        63,820  

Tenaga Nasional Bhd

     43,800        141,985  

Top Glove Corp. Bhd

     26,300        30,219  

VS Industry Bhd

     33,700        11,040  

YTL Corp. Bhd

     93,900        22,497  
     

 

 

 
Total Malaysia

 

     1,664,812  
Mexico – 2.8%

 

Alfa S.A.B. de C.V. Class A

     56,401        46,832  

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

     202,124        161,622  

Cemex S.A.B. de C.V. Series CPO

     82,086        30,776  

Coca-Cola Femsa S.A.B. de C.V. UNIT

     8,682        52,816  

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

     40,421        61,389  

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

     13,805        130,615  

Gentera S.A.B. de C.V.

     19,741        20,354  

GMexico Transportes S.A.B. de C.V.(a)

     19,108        25,408  

Gruma S.A.B. de C.V. Class B

     4,143        42,591  

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

     7,181        53,933  

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

     9,308        110,741  

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

     3,067        57,500  

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

     31,167      174,369  

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

     86,145        236,575  

Grupo Televisa S.A.B. Series CPO

     10,320        24,248  

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

     2,198        23,071  

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

     24,615        48,881  

Macquarie Mexico Real Estate Management S.A. de C.V.(a)

     33,566        43,726  

Megacable Holdings S.A.B. de C.V. Series CPO

     5,823        23,879  

Nemak S.A.B. de C.V.(a)

     10,487        4,415  

Orbia Advance Corp. S.A.B. de C.V.

     19,588        41,823  

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

     79,249        227,247  
     

 

 

 
Total Mexico

 

     1,642,811  
Philippines – 0.7%

 

Aboitiz Equity Ventures, Inc.

     33,660        34,228  

Aboitiz Power Corp.

     44,300        29,915  

Bank of the Philippine Islands

     21,394        37,132  

DMCI Holdings, Inc.

     146,600        19,134  

Globe Telecom, Inc.

     775        30,911  

International Container Terminal Services, Inc.

     12,540        31,842  

Manila Electric Co.

     8,230        51,514  

PLDT, Inc.

     2,510        48,966  

San Miguel Food and Beverage, Inc.

     17,100        28,700  

Semirara Mining & Power Corp.

     60,260        26,177  

SM Investments Corp.

     2,795        57,561  

Universal Robina Corp.

     10,630        30,434  
     

 

 

 
Total Philippines

 

     426,514  
Poland – 0.9%

 

Asseco Poland S.A.

     2,577        43,309  

Bank Polska Kasa Opieki S.A.

     2,448        64,928  

CD Projekt S.A.

     91        6,716  

Cyfrowy Polsat S.A.

     3,825        28,218  

Eurocash S.A.

     2,733        15,760  

Grupa Lotos S.A.

     1,060        23,393  

Jastrzebska Spolka Weglowa S.A.

     1,438        8,118  

Polski Koncern Naftowy Orlen S.A.

     3,577        81,055  

Polskie Gornictwo Naftowe i Gazownictwo S.A.

     27,221        31,107  

Powszechna Kasa Oszczednosci Bank Polski S.A.

     7,748        70,498  

Powszechny Zaklad Ubezpieczen S.A.

     10,741        113,527  

Santander Bank Polska S.A.

     463        37,580  
     

 

 

 
Total Poland

 

     524,209  
Russia – 10.4%

 

Gazprom Neft PJSC ADR

     1,338        44,823  

Gazprom PJSC ADR

     181,750        1,495,439  

Lukoil PJSC ADR

     8,481        841,146  

Magnit PJSC GDR Reg S

     12,886        155,341  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     7,766        67,254  

MMC Norilsk Nickel PJSC ADR

     25,107        767,019  

Mobile TeleSystems PJSC ADR(b)

     18,761        190,424  

Novatek PJSC GDR Reg S

     962        195,286  

Novolipetsk Steel PJSC GDR Reg S

     5,817        134,024  

PhosAgro PJSC GDR Reg S

     5,677        72,098  

Polyus PJSC GDR Reg S

     1,021        57,891  

Rosneft Oil Co. PJSC GDR Reg S

     30,919        222,864  

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2019

 

 

 

Investments    Shares      Value  

Sberbank of Russia PJSC ADR

     46,595      $ 766,022  

Severstal PJSC GDR Reg S

     8,746        132,414  

Tatneft PJSC ADR

     12,775        943,561  

VTB Bank PJSC GDR Reg S

     28,800        42,134  
     

 

 

 
Total Russia

 

     6,127,740  
Singapore – 0.0%

 

IGG, Inc.(b)

     35,000        25,828  
South Africa – 5.0%

 

Absa Group Ltd.

     12,531        133,792  

Aeci Ltd.

     6,552        50,135  

African Rainbow Minerals Ltd.

     2,556        29,915  

Anglo American Platinum Ltd.

     282        26,364  

AngloGold Ashanti Ltd.

     411        9,303  

Assore Ltd.

     2,002        38,942  

Astral Foods Ltd.

     2,650        41,152  

AVI Ltd.

     9,328        59,349  

Barloworld Ltd.

     5,323        42,912  

Bid Corp., Ltd.

     2,712        64,042  

Bidvest Group Ltd. (The)

     3,904        57,169  

Capitec Bank Holdings Ltd.

     388        40,127  

Clicks Group Ltd.

     2,162        39,672  

Coronation Fund Managers Ltd.

     13,736        39,243  

Discovery Ltd.

     1,320        11,387  

Distell Group Holdings Ltd.

     2,721        25,841  

Exxaro Resources Ltd.

     12,018        112,707  

FirstRand Ltd.

     42,025        188,735  

Foschini Group Ltd. (The)(b)

     5,919        63,277  

Gold Fields Ltd.

     2,180        14,946  

Hyprop Investments Ltd.

     4,972        19,929  

Imperial Logistics Ltd.

     6,184        25,871  

Investec Ltd.(b)

     7,902        46,880  

KAP Industrial Holdings Ltd.

     85,057        25,547  

Kumba Iron Ore Ltd.(b)

     2,065        61,587  

Life Healthcare Group Holdings Ltd.

     32,757        57,744  

Motus Holdings Ltd.

     7,021        41,021  

Mr. Price Group Ltd.

     5,549        72,421  

MTN Group Ltd.

     36,156        213,288  

Naspers Ltd. Class N

     395        64,709  

Nedbank Group Ltd.

     6,601        101,162  

Netcare Ltd.(b)

     45,218        62,927  

Oceana Group Ltd.

     5,861        25,798  

Old Mutual Ltd.

     75,799        106,569  

Pick n Pay Stores Ltd.

     8,700        39,750  

Pioneer Foods Group Ltd.

     3,371        26,482  

Remgro Ltd.

     3,903        54,427  

Resilient REIT Ltd.

     7,530        36,639  

Reunert Ltd.

     8,086        41,981  

RMB Holdings Ltd.

     11,343        65,251  

Sanlam Ltd.

     19,175        108,467  

Shoprite Holdings Ltd.

     3,327        29,959  

SPAR Group Ltd. (The)

     3,367        47,557  

Standard Bank Group Ltd.

     17,478        210,383  

Telkom S.A. SOC Ltd.

     6,502        16,191  

Tiger Brands Ltd.(b)

     2,585      38,952  

Tongaat Hulett Ltd.*

     368        0  

Truworths International Ltd.

     16,325        57,438  

Tsogo Sun Gaming Ltd.

     36,633        32,170  

Vodacom Group Ltd.

     15,948        131,498  
     

 

 

 
Total South Africa

 

     2,951,608  
South Korea – 11.7%

 

Amorepacific Corp.

     61        10,550  

BGF Retail Co., Ltd.

     138        20,227  

Cheil Worldwide, Inc.

     1,901        39,534  

Daelim Industrial Co., Ltd.

     357        27,938  

DB Insurance Co., Ltd.

     995        44,998  

Doosan Bobcat, Inc.*

     1,346        39,980  

E-Mart, Inc.

     311        34,288  

GS Engineering & Construction Corp.

     1,247        33,481  

GS Holdings Corp.

     1,567        69,918  

Hana Financial Group, Inc.

     4,831        154,148  

Hanon Systems

     3,137        30,246  

Hanssem Co., Ltd.

     272        14,630  

Hyosung Corp.

     256        17,510  

Hyundai Elevator Co., Ltd.*

     133        7,855  

Hyundai Engineering & Construction Co., Ltd.

     474        17,338  

Hyundai Glovis Co., Ltd.

     240        29,677  

Hyundai Heavy Industries Holdings Co., Ltd.

     237        69,269  

Hyundai Marine & Fire Insurance Co., Ltd.

     1,478        34,443  

Hyundai Motor Co.

     1,723        179,533  

Hyundai Steel Co.

     1,158        31,492  

Industrial Bank of Korea

     5,830        59,487  

Kangwon Land, Inc.

     2,192        56,105  

KB Financial Group, Inc.

     4,854        200,003  

KEPCO Plant Service & Engineering Co., Ltd.

     1,157        39,169  

Kia Motors Corp.

     2,385        91,362  

Korea Gas Corp.

     775        25,365  

Korea Investment Holdings Co., Ltd.

     566        35,435  

Korea Zinc Co., Ltd.

     195        71,663  

KT Corp. ADR

     9,836        114,098  

KT&G Corp.

     2,153        174,630  

LG Chem Ltd.

     372        102,132  

LG Corp.

     2,032        129,674  

LG Electronics, Inc.

     660        41,148  

LG Household & Health Care Ltd.

     33        35,983  

LG Uplus Corp.

     3,864        47,446  

Lotte Chemical Corp.

     255        49,393  

Lotte Corp.

     1,055        35,533  

LOTTE Fine Chemical Co., Ltd.

     748        29,203  

NAVER Corp.

     147        23,707  

NCSoft Corp.

     94        43,974  

Orange Life Insurance Ltd.(a)

     1,128        27,457  

POSCO

     1,386        283,444  

Samsung Electro-Mechanics Co., Ltd.

     235        25,401  

Samsung Electronics Co., Ltd.

     60,993        2,942,980  

Samsung Fire & Marine Insurance Co., Ltd.

     526        110,754  

Samsung Life Insurance Co., Ltd.

     1,355        87,291  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2019

 

 

 

Investments    Shares      Value  

Samsung SDS Co., Ltd.

     247      $ 41,542  

Shinhan Financial Group Co., Ltd.

     4,975        186,490  

SK Holdings Co., Ltd.

     367        83,146  

SK Hynix, Inc.

     4,110        334,429  

SK Innovation Co., Ltd.

     1,132        146,829  

SK Telecom Co., Ltd.

     579        119,159  

Ssangyong Cement Industrial Co., Ltd.

     5,472        26,829  

Woongjin Coway Co., Ltd.

     916        73,743  

Woori Financial Group, Inc.

     8,047        80,717  
     

 

 

 
Total South Korea

 

     6,882,776  
Taiwan – 20.7%

 

Accton Technology Corp.

     5,000        28,021  

Acer, Inc.

     74,000        44,064  

Advantech Co., Ltd.

     5,000        50,372  

Arcadyan Technology Corp.

     5,309        16,665  

ASE Technology Holding Co., Ltd.

     41,374        114,832  

Asia Cement Corp.

     71,000        113,569  

Asia Optical Co., Inc.

     7,000        25,219  

ASMedia Technology, Inc.

     1,000        21,917  

Asustek Computer, Inc.

     22,000        169,897  

AU Optronics Corp.

     208,000        69,733  

Catcher Technology Co., Ltd.

     15,000        113,587  

Cathay Financial Holding Co., Ltd.

     71,714        101,792  

Cheng Shin Rubber Industry Co., Ltd.

     30,000        41,832  

Cheng Uei Precision Industry Co., Ltd.

     11,000        16,806  

Chicony Electronics Co., Ltd.

     16,085        47,755  

Chilisin Electronics Corp.

     10,000        42,699  

China Steel Corp.

     253,000        201,711  

Chroma ATE, Inc.

     4,000        19,348  

Chunghwa Telecom Co., Ltd.

     64,000        234,847  

Compal Electronics, Inc.

     149,000        93,693  

Compeq Manufacturing Co., Ltd.

     14,000        21,063  

CTBC Financial Holding Co., Ltd.

     291,720        217,985  

Cub Elecparts, Inc.

     2,000        16,646  

Darfon Electronics Corp.

     18,000        26,450  

Delta Electronics, Inc.

     29,000        146,562  

E.Sun Financial Holding Co., Ltd.

     117,708        109,552  

Eclat Textile Co., Ltd.

     3,000        40,331  

Elan Microelectronics Corp.

     12,000        36,508  

Elite Material Co., Ltd.

     4,000        18,281  

Far Eastern New Century Corp.

     109,000        108,538  

Far EasTone Telecommunications Co., Ltd.

     54,000        129,880  

Feng Hsin Steel Co., Ltd.

     42,000        75,238  

Feng TAY Enterprise Co., Ltd.

     5,500        35,777  

First Financial Holding Co., Ltd.

     236,145        186,698  

Formosa Chemicals & Fibre Corp.

     121,000        353,187  

Formosa Petrochemical Corp.

     30,000        97,575  

Formosa Plastics Corp.

     113,000        376,202  

Formosa Sumco Technology Corp.

     4,000        15,612  

Fubon Financial Holding Co., Ltd.

     85,000        131,568  

Fusheng Precision Co., Ltd.

     6,000        35,928  

Giant Manufacturing Co., Ltd.

     3,000        21,316  

Gigabyte Technology Co., Ltd.

     16,000        26,527  

Global Unichip Corp.

     1,000      8,040  

Highwealth Construction Corp.

     72,000        111,205  

Hiwin Technologies Corp.

     3,000        28,122  

Holy Stone Enterprise Co., Ltd.

     6,000        23,218  

Hon Hai Precision Industry Co., Ltd.

     272,880        826,550  

Hota Industrial Manufacturing Co., Ltd.

     7,000        26,854  

Hotai Motor Co., Ltd.

     4,000        91,137  

IBF Financial Holdings Co., Ltd.

     710        266  

Inventec Corp.

     106,000        80,799  

ITEQ Corp.

     3,000        12,760  

King Yuan Electronics Co., Ltd.

     24,000        30,063  

Largan Precision Co., Ltd.

     1,000        166,795  

Lite-On Semiconductor Corp.

     22,000        29,026  

Lite-On Technology Corp.

     58,014        95,506  

Lotes Co., Ltd.

     2,000        21,517  

Macronix International

     33,000        40,951  

Makalot Industrial Co., Ltd.

     6,150        32,312  

MediaTek, Inc.

     10,000        147,947  

Mega Financial Holding Co., Ltd.

     200,000        204,157  

Merida Industry Co., Ltd.

     4,000        23,551  

Merry Electronics Co., Ltd.

     5,080        28,385  

Micro-Star International Co., Ltd.

     16,000        46,275  

MOSA Industrial Corp.

     12,000        16,933  

Nan Ya Plastics Corp.

     175,000        424,992  

Nanya Technology Corp.

     44,000        122,414  

Nichidenbo Corp.

     20,000        35,427  

Nien Made Enterprise Co., Ltd.

     2,000        18,481  

Novatek Microelectronics Corp.

     12,000        87,667  

Pegatron Corp.

     50,000        114,087  

Pou Chen Corp.

     54,000        70,614  

Powertech Technology, Inc.

     23,000        76,572  

President Chain Store Corp.

     8,000        81,129  

Primax Electronics Ltd.

     10,000        21,150  

Quanta Computer, Inc.

     70,000        150,148  

Realtek Semiconductor Corp.

     6,000        47,036  

Ruentex Industries Ltd.*

     19,400        47,566  

Shanghai Commercial & Savings Bank Ltd. (The)

     47,000        81,529  

SinoPac Financial Holdings Co., Ltd.

     259,598        112,579  

Sitronix Technology Corp.

     3,000        16,763  

Sunonwealth Electric Machine Industry Co., Ltd.

     17,000        26,852  

Swancor Holding Co., Ltd.

     4,000        11,195  

Synnex Technology International Corp.

     64,150        80,249  

TA Chen Stainless Pipe

     33,000        35,282  

TA-I Technology Co., Ltd.

     8,000        14,144  

Taiwan Cement Corp.

     156,180        227,677  

Taiwan Cooperative Financial Holding Co., Ltd.

     634        439  

Taiwan High Speed Rail Corp.

     34,000        43,553  

Taiwan Mobile Co., Ltd.

     40,000        149,448  

Taiwan Paiho Ltd.

     5,000        14,061  

Taiwan Semiconductor Manufacturing Co., Ltd.

     275,000        3,036,495  

Taiwan Surface Mounting Technology Corp.

     4,000        15,612  

Teco Electric and Machinery Co., Ltd.

     54,000        47,196  

Tong Hsing Electronic Industries Ltd.

     4,000        20,883  

Tripod Technology Corp.

     12,000        50,239  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2019

 

 

 

Investments    Shares      Value  

Uni-President Enterprises Corp.

     77,000      $ 190,593  

Unimicron Technology Corp.

     12,000        16,813  

United Microelectronics Corp.

     196,000        107,556  

Visual Photonics Epitaxy Co., Ltd.

     3,000        11,809  

Voltronic Power Technology Corp.

     2,050        48,896  

Walsin Lihwa Corp.

     111,000        57,024  

Walsin Technology Corp.

     12,000        95,673  

Winbond Electronics Corp.

     69,446        45,290  

Wistron Corp.

     70,843        66,998  

Wiwynn Corp.

     1,000        21,183  

WPG Holdings Ltd.

     69,360        90,469  

Yageo Corp.

     11,198        163,243  

Yuanta Financial Holding Co., Ltd.

     223,000        150,269  
     

 

 

 
Total Taiwan

 

     12,235,447  
Thailand – 2.8%

 

Advanced Info Service PCL NVDR

     15,900        113,064  

Airports of Thailand PCL NVDR

     33,000        81,801  

Bangkok Dusit Medical Services PCL NVDR

     61,800        53,643  

Banpu PCL NVDR

     77,444        30,767  

Beauty Community PCL NVDR

     157,100        8,811  

BTS Group Holdings PCL NVDR

     140,700        62,004  

Carabao Group PCL NVDR

     4,000        11,217  

Charoen Pokphand Foods PCL NVDR

     72,100        66,194  

CP ALL PCL NVDR

     34,400        82,975  

Delta Electronics Thailand PCL NVDR

     15,200        27,148  

Gulf Energy Development PCL NVDR

     3,700        20,505  

Hana Microelectronics PCL NVDR

     34,500        39,736  

Indorama Ventures PCL NVDR

     41,800        48,842  

Intouch Holdings PCL NVDR

     32,000        61,161  

IRPC PCL NVDR

     223,300        27,434  

Jasmine International PCL NVDR

     95,600        15,958  

KCE Electronics PCL NVDR

     25,000        20,448  

Krungthai Card PCL NVDR

     12,300        16,220  

Noble Development PCL NVDR

     21,300        11,662  

Origin Property PCL NVDR

     85,600        20,004  

Osotspa PCL NVDR

     25,200        34,072  

PTT Exploration & Production PCL NVDR

     30,000        124,692  

PTT Global Chemical PCL NVDR

     58,800        111,892  

PTT PCL NVDR

     161,600        237,379  

Siam Cement PCL (The) NVDR

     7,700        100,769  

Siam Commercial Bank PCL (The) NVDR

     28,500        116,079  

Sri Trang Agro-Industry PCL NVDR

     56,800        18,963  

Thai Oil PCL NVDR

     16,600        38,655  

TMB Bank PCL NVDR

     177,190        9,938  

True Corp. PCL NVDR

     136,100        20,901  
     

 

 

 
Total Thailand

 

     1,632,934  
Turkey – 1.0%

 

BIM Birlesik Magazalar AS

     4,988        39,109  

Dogan Sirketler Grubu Holding A/S

     48,865        15,109  

Enka Insaat ve Sanayi AS

     35,567        38,370  

Eregli Demir ve Celik Fabrikalari T.A.S.

     45,180        68,632  

Ford Otomotiv Sanayi AS

     2,448        29,145  

Haci Omer Sabanci Holding AS

     22,432        35,960  

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D

     39,844      17,810  

KOC Holding AS

     11,887        40,589  

Soda Sanayii AS

     20,648        21,442  

TAV Havalimanlari Holding AS

     7,949        38,977  

Tekfen Holding AS

     7,277        23,625  

Tofas Turk Otomobil Fabrikasi AS

     5,394        24,346  

Tupras Turkiye Petrol Rafinerileri AS

     6,301        134,257  

Turkcell Iletisim Hizmetleri AS

     22,549        52,290  
     

 

 

 
Total Turkey

 

     579,661  
TOTAL COMMON STOCKS
(Cost: $52,872,042)
              58,942,163  
RIGHTS – 0.0%      
Brazil – 0.0%      

Centrais Eletricas Brasileiras S.A., expiring 1/2/20*

     409        0  
India – 0.0%

 

Piramal Enterprises Ltd., expiring 1/20/20*

     167        523  
TOTAL RIGHTS
(Cost: $0)
              523  
WARRANTS – 0.0%      
Thailand – 0.0%      
BTS Group Holdings PCL, expiring 2/16/20*
(Cost: $0)
     14,070        0  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8%

 

United States – 0.8%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.58%(c)

     
(Cost: $482,438)(d)      482,438        482,438  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $53,354,480)

        59,425,124  

Other Assets less Liabilities – (0.6)%

        (379,675
     

 

 

 
NET ASSETS – 100.0%             $ 59,045,449  
* 

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.

 

 

Share amount represents a fractional share.

 

(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 December 31, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2019.

 

(d) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $800,534 and the total market value of the collateral held by the Fund was $843,298. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $360,860.

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.

 

60   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Europe Multifactor Fund (EUMF)

December 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

Austria – 2.5%

 

OMV AG

     1,611      $ 90,562  

S IMMO AG

     1,291        32,316  

UNIQA Insurance Group AG

     13,182        134,577  

Wienerberger AG

     2,889        85,677  
     

 

 

 
Total Austria

 

     343,132  
Belgium – 3.8%

 

Ackermans & van Haaren N.V.

     706        110,710  

Barco N.V.

     235        57,769  

bpost S.A.

     4,132        47,773  

Cofinimmo S.A.

     235        34,556  

D’ieteren S.A./N.V.

     1,282        90,084  

Galapagos N.V.*

     172        36,008  

Proximus SADP

     1,442        41,308  

UCB S.A.

     845        67,250  

Warehouses De Pauw CVA

     127        23,123  
     

 

 

 
Total Belgium

 

     508,581  
Denmark – 4.6%

 

Carlsberg A/S Class B

     508        75,837  

Coloplast A/S Class B

     629        78,084  

GN Store Nord A/S

     663        31,203  

H. Lundbeck A/S

     1,252        47,846  

Novo Nordisk A/S Class B

     1,286        74,693  

Pandora A/S

     954        41,531  

Royal Unibrew A/S

     775        71,015  

Topdanmark A/S

     2,047        100,982  

Tryg A/S

     3,509        104,105  
     

 

 

 
Total Denmark

 

     625,296  
Finland – 2.4%

 

Elisa Oyj

     896        49,534  

Fortum Oyj

     1,386        34,227  

Kemira Oyj

     3,097        46,097  

Kesko Oyj Class B

     953        67,479  

Orion Oyj Class B

     1,478        68,469  

Tieto Oyj

     1,965        61,142  
     

 

 

 
Total Finland

 

     326,948  
France – 11.6%

 

Altran Technologies S.A.

     5,200        82,652  

Covivio

     873        99,170  

Danone S.A.

     2,102        174,367  

Eiffage S.A.

     1,682        192,581  

Engie S.A.

     6,587        106,472  

Klepierre S.A.

     2,696        102,439  

Korian S.A.

     3,309        155,706  

Nexity S.A.

     1,813        91,131  

Orange S.A.

     10,226        150,600  

Publicis Groupe S.A.

     2,736        123,952  

Sanofi

     1,884        189,527  

Veolia Environnement S.A.

     4,140        110,184  
     

 

 

 
Total France

 

     1,578,781  
Germany – 8.0%

 

ADO Properties S.A.(a)

     624      22,484  

alstria office REIT-AG

     5,099        95,871  

Beiersdorf AG

     944        113,010  

CompuGroup Medical SE

     1,299        92,956  

CTS Eventim AG & Co. KGaA

     1,265        79,589  

Deutsche Telekom AG Registered Shares

     5,689        93,043  

Deutsche Wohnen SE Bearer Shares

     832        34,013  

E.ON SE

     7,292        77,956  

Freenet AG

     3,048        69,933  

Grand City Properties S.A.

     2,834        68,013  

LEG Immobilien AG

     555        65,756  

ProSiebenSat.1 Media SE

     3,497        54,602  

RWE AG

     1,282        39,358  

Scout24 AG(a)

     1,137        75,237  

Uniper SE

     2,392        79,235  

Wirecard AG

     145        17,497  
     

 

 

 
Total Germany

 

     1,078,553  
Ireland – 0.8%

 

Greencore Group PLC

     19,320        68,567  

UDG Healthcare PLC

     3,777        40,329  
     

 

 

 
Total Ireland

 

     108,896  
Italy – 8.9%

 

A2A SpA

     15,727        29,517  

ACEA SpA

     2,019        41,791  

Amplifon SpA

     899        25,874  

Anima Holding SpA(a)

     12,413        64,122  

Assicurazioni Generali SpA

     5,524        114,062  

Autogrill SpA

     6,224        65,183  

Banca Generali SpA

     2,431        79,026  

BPER Banca

     14,553        73,233  

Cerved Group SpA

     7,604        74,216  

Enav SpA(a)

     15,083        90,071  

Enel SpA

     7,143        56,703  

Eni SpA

     4,124        64,096  

Hera SpA

     10,121        44,307  

Infrastrutture Wireless Italiane SpA(a)

     1,852        18,148  

Italgas SpA

     5,490        33,549  

Mediaset SpA*(b)

     3,591        10,722  

Poste Italiane SpA(a)

     6,507        73,917  

Recordati SpA

     1,421        59,927  

Reply SpA

     152        11,850  

Societa Cattolica di Assicurazioni SC

     11,363        92,729  

Unipol Gruppo SpA

     15,594        89,482  
     

 

 

 
Total Italy

 

     1,212,525  
Netherlands – 2.0%

 

ASM International N.V.

     404        45,417  

Koninklijke Ahold Delhaize N.V.

     3,382        84,638  

Koninklijke KPN N.V.(b)

     12,145        35,868  

Rhi Magnesita N.V.

     799        40,730  

Signify N.V.(a)

     1,939        60,638  
     

 

 

 
Total Netherlands

 

     267,291  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Multifactor Fund (EUMF)

December 31, 2019

 

 

 

Investments    Shares      Value  
Portugal – 2.3%

 

Jeronimo Martins, SGPS, S.A.

     6,539      $ 107,641  

NOS, SGPS, S.A.

     18,327        98,746  

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

     32,240        98,435  
     

 

 

 
Total Portugal

 

     304,822  
Spain – 6.8%

 

Acciona S.A.(b)

     390        41,063  

Aena SME S.A.(a)

     471        90,143  

Banco Bilbao Vizcaya Argentaria S.A.

     18,257        102,119  

Cia de Distribucion Integral Logista Holdings S.A.

     4,351        98,168  

Ebro Foods S.A.

     3,696        80,030  

Enagas S.A.

     2,438        62,232  

Endesa S.A.

     2,900        77,442  

Faes Farma S.A.

     17,009        95,463  

Iberdrola S.A.

     7,172        73,904  

Mediaset Espana Comunicacion S.A.

     4,029        25,598  

Naturgy Energy Group S.A.

     2,538        63,815  

Red Electrica Corp. S.A.

     2,812        56,580  

Telefonica S.A.

     8,251        57,673  
     

 

 

 
Total Spain

 

     924,230  
Sweden – 5.4%

 

Axfood AB

     3,467        77,184  

Bravida Holding AB(a)

     6,236        60,588  

Castellum AB

     1,823        42,843  

Essity AB Class B

     2,157        69,542  

Fastighets AB Balder Class B*

     601        27,812  

Hemfosa Fastigheter AB

     1,613        20,901  

ICA Gruppen AB

     1,426        66,600  

Kungsleden AB

     3,633        38,189  

Mycronic AB

     674        13,327  

Skanska AB Class B

     3,333        75,376  

Sweco AB Class B

     1,521        58,688  

Swedish Match AB

     1,287        66,378  

Tele2 AB Class B

     2,432        35,294  

Telia Co. AB

     10,790        46,394  

Wihlborgs Fastigheter AB

     1,955        36,026  
     

 

 

 
Total Sweden

 

     735,142  
Switzerland – 11.9%

 

Allreal Holding AG Registered Shares*

     203        40,334  

Baloise Holding AG Registered Shares

     577        104,275  

Banque Cantonale Vaudoise Registered Shares

     149        121,557  

Barry Callebaut AG Registered Shares

     35        77,276  

BKW AG

     511        37,678  

Cembra Money Bank AG

     916        100,269  

Chocoladefabriken Lindt & Spruengli AG

     12        93,127  

Conzzeta AG

     45        53,720  

Emmi AG Registered Shares

     81        70,473  

Flughafen Zurich AG Registered Shares

     499        91,055  

Galenica AG*(a)

     1,539        95,120  

Helvetia Holding AG Registered Shares

     756        106,801  

Landis+Gyr Group AG*

     797        82,881  

Nestle S.A. Registered Shares

     856        92,623  

Novartis AG Registered Shares

     981      93,101  

Roche Holding AG Genusschein

     331        107,331  

Siegfried Holding AG*

     96        46,496  

Sonova Holding AG Registered Shares

     322        73,654  

Sunrise Communications Group AG*(a)

     748        58,745  

Swisscom AG Registered Shares

     132        69,875  
     

 

 

 
Total Switzerland

 

     1,616,391  
United Kingdom – 28.2%

 

Admiral Group PLC

     3,468        106,081  

Associated British Foods PLC

     2,362        81,293  

Avast PLC(a)

     11,202        67,195  

Aviva PLC

     17,413        96,585  

BAE Systems PLC

     10,908        81,616  

Barratt Developments PLC

     7,829        77,433  

Berkeley Group Holdings PLC

     1,226        78,917  

boohoo Group PLC*

     9,895        39,050  

Bovis Homes Group PLC

     3,366        60,555  

Centrica PLC

     15,596        18,450  

Coca-Cola European Partners PLC

     1,600        81,408  

Compass Group PLC

     2,929        73,336  

Computacenter PLC

     1,875        44,040  

ConvaTec Group PLC(a)

     14,832        38,993  

Daily Mail & General Trust PLC Class A Non-Voting Shares

     1,520        16,693  

Dart Group PLC

     2,430        54,532  

Derwent London PLC

     773        41,064  

Diageo PLC

     1,647        69,831  

Dialog Semiconductor PLC*

     1,554        78,688  

Direct Line Insurance Group PLC

     25,781        106,729  

Domino’s Pizza Group PLC

     11,500        48,781  

Drax Group PLC

     4,976        20,699  

Dunelm Group PLC

     3,305        50,613  

Firstgroup PLC*

     30,294        50,326  

GlaxoSmithKline PLC

     4,021        94,764  

Go-Ahead Group PLC (The)

     1,885        55,137  

Hikma Pharmaceuticals PLC

     2,099        55,363  

Hill & Smith Holdings PLC

     4,068        79,381  

HomeServe PLC

     4,766        79,806  

J D Wetherspoon PLC

     3,389        74,662  

John Laing Group PLC(a)

     15,452        77,786  

Mitchells & Butlers PLC*

     10,484        63,818  

National Express Group PLC

     15,633        97,253  

Next PLC

     809        75,214  

Pearson PLC

     2,161        18,236  

Pennon Group PLC

     4,002        54,342  

Persimmon PLC

     2,206        78,759  

Petrofac Ltd.

     4,576        23,212  

Pets at Home Group PLC

     12,920        47,856  

QinetiQ Group PLC

     16,772        79,499  

Redrow PLC

     7,439        73,418  

RELX PLC

     3,148        79,465  

Rio Tinto PLC

     952        56,790  

Royal Dutch Shell PLC Class A

     2,532        74,968  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Europe Multifactor Fund (EUMF)

December 31, 2019

 

 

 

Investments    Shares      Value  

Safestore Holdings PLC

     2,434      $ 25,989  

Savills PLC

     2,662        40,026  

Segro PLC

     3,174        37,725  

Serco Group PLC*

     29,783        63,878  

Smith & Nephew PLC

     3,189        77,416  

Softcat PLC

     2,762        42,151  

Spirent Communications PLC

     3,513        11,704  

SSE PLC

     2,259        43,049  

SSP Group PLC

     7,314        62,980  

St. Modwen Properties PLC

     1,667        10,976  

Tate & Lyle PLC

     8,472        85,319  

Tesco PLC

     24,497        82,819  

TP ICAP PLC

     16,198        87,700  

Tullow Oil PLC

     30,098        25,518  

Ultra Electronics Holdings PLC

     1,884        52,762  

Unilever N.V.

     1,274        73,262  

Unilever PLC

     1,281        73,828  

Unite Group PLC (The)

     2,284        38,124  

Vodafone Group PLC

     10,761        20,922  

William Hill PLC

     20,859        52,074  
     

 

 

 
Total United Kingdom

 

     3,830,859  
United States – 0.5%      

Ferguson PLC

     794        72,052  

TOTAL COMMON STOCKS

(Cost: $12,531,767)

 

 

     13,533,499  
RIGHTS – 0.0%

 

Spain – 0.0%

 

Faes Farma S.A., expiring 1/3/20*

     
(Cost: $2,745)      17,361      2,784  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4%

 

United States – 0.4%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.58%(c)

     
(Cost: $45,757)(d)      45,757        45,757  

TOTAL INVESTMENTS IN SECURITIES – 100.1%

(Cost: $12,580,269)

        13,582,040  

Other Assets less Liabilities – (0.1)%

        (10,504
     

 

 

 
NET ASSETS – 100.0%             $ 13,571,536  
* 

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 December 31, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2019.

 

(d) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $81,214 and the total market value of the collateral held by the Fund was $85,780. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $40,023.

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.

    1/2/2020       2,170       USD       1,936       EUR     $     $ (3

Bank of America N.A.

    1/15/2020       587,871       USD       5,495,111       SEK       493        

Bank of Montreal

    1/2/2020       3,122       USD       2,380       GBP             (31

Citibank N.A.

    1/15/2020       4,126       CHF       4,209       USD       54        

Citibank N.A.

    1/15/2020       13,375       DKK       1,988       USD       23        

Citibank N.A.

    1/15/2020       19,820       EUR       22,014       USD       251        

Citibank N.A.

    1/15/2020       6,619       GBP       8,564       USD       208        

Citibank N.A.

    1/15/2020       25,947       SEK       2,755       USD       19        

Citibank N.A.

    1/15/2020       1,827,336       USD       1,365,626       GBP       17,581        

Goldman Sachs

    1/15/2020       424,213       USD       2,832,432       DKK             (1,618

HSBC Holdings PLC

    1/15/2020       4,696,971       USD       4,196,834       EUR             (17,506

Morgan Stanley & Co. International

    1/15/2020       898,029       USD       881,248       CHF             (12,602
                                            $ 18,629     $ (31,760

 

CURRENCY LEGEND
CHF   Swiss franc
DKK   Danish krone
EUR   Euro
GBP   British pound
SEK   Swedish krona
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

China – 99.5%

 

Aerospace & Defense – 0.6%

 

AECC Aero-Engine Control Co., Ltd. Class A

     2,600      $ 4,879  

AECC Aviation Power Co., Ltd. Class A

     5,800        18,052  

AVIC Aircraft Co., Ltd. Class A

     7,800        18,342  

AVIC Electromechanical Systems Co., Ltd. Class A

     7,800        7,771  

AVIC Shenyang Aircraft Co., Ltd. Class A*

     2,000        9,073  

AviChina Industry & Technology Co., Ltd. Class H

     14,926        6,724  

AVICOPTER PLC Class A

     2,500        17,123  

China Aerospace Times Electronics Co., Ltd. Class A*

     10,400        8,928  

China Avionics Systems Co., Ltd. Class A

     2,600        5,315  

China Spacesat Co., Ltd. Class A

     3,900        11,965  
     

 

 

 
Total Aerospace & Defense

 

     108,172  
Air Freight & Logistics – 0.5%

 

CMST Development Co., Ltd. Class A

     5,200        3,889  

SF Holding Co., Ltd. Class A

     3,500        18,687  

Sinotrans Ltd. Class A

     7,100        4,342  

STO Express Co., Ltd. Class A

     1,700        4,759  

YTO Express Group Co., Ltd. Class A

     1,900        3,450  

Yunda Holding Co., Ltd. Class A

     2,600        12,430  

ZTO Express Cayman, Inc. ADR

     2,278        53,191  
     

 

 

 
Total Air Freight & Logistics

 

     100,748  
Airlines – 0.6%

 

Air China Ltd. Class A

     12,300        17,111  

Air China Ltd. Class H

     9,096        9,234  

China Eastern Airlines Corp., Ltd. Class A*

     29,900        24,939  

China Eastern Airlines Corp., Ltd. Class H*

     3,678        2,039  

China Southern Airlines Co., Ltd. Class A

     18,600        19,172  

China Southern Airlines Co., Ltd. Class H

     21,096        14,187  

Hainan Airlines Holding Co., Ltd. Class A*

     70,600        17,534  

Juneyao Airlines Co., Ltd. Class A*

     2,900        6,245  

Spring Airlines Co., Ltd. Class A

     1,500        9,452  
     

 

 

 
Total Airlines

 

     119,913  
Auto Components – 0.2%

 

Huayu Automotive Systems Co., Ltd. Class A

     8,200        30,595  
Automobiles – 1.1%

 

BYD Co., Ltd. Class A

     5,100        34,902  

BYD Co., Ltd. Class H(a)

     3,186        15,886  

Geely Automobile Holdings Ltd.

     28,162        55,082  

Great Wall Motor Co., Ltd. Class A

     5,400        6,861  

Great Wall Motor Co., Ltd. Class H(a)

     25,692        18,993  

Guangzhou Automobile Group Co., Ltd. Class A

     1,625        2,727  

Guangzhou Automobile Group Co., Ltd. Class H

     15,265        19,003  

SAIC Motor Corp., Ltd. Class A

     18,200        62,315  
     

 

 

 
Total Automobiles

 

     215,769  
Banks – 14.7%

 

Agricultural Bank of China Ltd. Class A

     192,000        101,710  

Agricultural Bank of China Ltd. Class H

     160,334        70,580  

Bank of China Ltd. Class A

     132,900        70,402  

Bank of China Ltd. Class H

     441,292        188,596  

Bank of Communications Co., Ltd. Class A

     116,700      94,322  

Bank of Communications Co., Ltd. Class H

     117,080        83,244  

China CITIC Bank Corp., Ltd. Class A

     18,200        16,121  

China CITIC Bank Corp., Ltd. Class H

     67,451        40,427  

China Construction Bank Corp. Class A

     38,300        39,753  

China Construction Bank Corp. Class H

     538,683        465,276  

China Merchants Bank Co., Ltd. Class A

     73,300        395,454  

China Merchants Bank Co., Ltd. Class H

     21,033        108,110  

China Minsheng Banking Corp., Ltd. Class A

     172,540        156,298  

China Minsheng Banking Corp., Ltd. Class H

     40,040        30,267  

Industrial & Commercial Bank of China Ltd. Class A

     128,300        108,303  

Industrial & Commercial Bank of China Ltd. Class H

     432,843        333,307  

Industrial Bank Co., Ltd. Class A

     83,900        238,486  

Ping An Bank Co., Ltd. Class A

     54,000        127,525  

Shanghai Pudong Development Bank Co., Ltd. Class A

     88,800        157,695  
     

 

 

 
Total Banks

 

     2,825,876  
Beverages – 4.4%

 

China Resources Beer Holdings Co., Ltd.

     8,562        47,360  

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A

     2,900        46,004  

Kweichow Moutai Co., Ltd. Class A

     2,700        458,547  

Luzhou Laojiao Co., Ltd. Class A

     4,500        55,997  

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A

     1,500        19,316  

Tsingtao Brewery Co., Ltd. Class A

     2,500        18,304  

Tsingtao Brewery Co., Ltd. Class H

     1,734        11,650  

Wuliangye Yibin Co., Ltd. Class A

     9,800        187,131  
     

 

 

 
Total Beverages

 

     844,309  
Biotechnology – 0.7%

 

3SBio, Inc.*(b)

     8,157        10,573  

BeiGene Ltd. ADR*(a)

     206        34,146  

Beijing Tiantan Biological Products Corp., Ltd. Class A

     1,804        7,236  

China Biologic Products Holdings, Inc.*(a)

     169        19,668  

Hualan Biological Engineering, Inc. Class A

     5,700        28,763  

Innovent Biologics, Inc.*(b)

     3,500        11,926  

Jinyu Bio-Technology Co., Ltd. Class A

     5,530        14,862  

Shanghai RAAS Blood Products Co., Ltd. Class A*

     7,600        8,096  
     

 

 

 
Total Biotechnology

 

     135,270  
Building Products – 0.1%

 

Beijing New Building Materials PLC Class A

     5,200        18,999  
Capital Markets – 1.0%

 

CITIC Securities Co., Ltd. Class A

     43,100        156,543  

CITIC Securities Co., Ltd. Class H

     13,308        30,367  
     

 

 

 
Total Capital Markets

 

     186,910  
Chemicals – 1.6%

 

China Hainan Rubber Industry Group Co., Ltd. Class A

     5,900        4,167  

ENN Ecological Holdings Co., Ltd. Class A

     2,800        4,277  

Hengli Petrochemical Co., Ltd. Class A

     5,920        13,666  

Hengyi Petrochemical Co., Ltd. Class A

     6,620        13,229  

Huapont Life Sciences Co., Ltd. Class A

     6,700        4,752  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2019

 

 

 

Investments    Shares      Value  

Inner Mongolia Junzheng Energy & Chemical Industry Group Co., Ltd. Class A*

     17,100      $ 7,684  

Kangde Xin Composite Material Group Co., Ltd. Class A*

     15,700        0  

Kingfa Sci & Tech Co., Ltd. Class A

     9,100        9,511  

Lomon Billions Group Co., Ltd. Class A

     2,900        6,407  

Luxi Chemical Group Co., Ltd. Class A

     6,500        9,807  

Ningbo Shanshan Co., Ltd. Class A

     3,900        7,564  

North Huajin Chemical Industries Co., Ltd. Class A

     5,200        4,546  

Rongsheng Petro Chemical Co., Ltd. Class A

     7,800        13,874  

Shandong Hualu Hengsheng Chemical Co., Ltd. Class A

     6,900        19,683  

Shanghai Putailai New Energy Technology Co., Ltd. Class A

     800        9,779  

Sichuan Hebang Biotechnology Co., Ltd. Class A*

     18,500        3,931  

Sinopec Shanghai Petrochemical Co., Ltd. Class A

     11,700        6,500  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     26,000        7,842  

Tangshan Sanyou Chemical Industries Co., Ltd. Class A

     5,500        4,990  

Tianqi Lithium Corp. Class A

     5,070        21,967  

Tongkun Group Co., Ltd. Class A

     5,380        11,578  

Transfar Zhilian Co., Ltd. Class A

     2,600        2,605  

Wanhua Chemical Group Co., Ltd. Class A

     7,900        63,704  

Xinjiang Zhongtai Chemical Co., Ltd. Class A

     7,800        7,603  

Xinyangfeng Agricultural Technology Co., Ltd. Class A

     3,400        3,856  

YanAn Bicon Pharmaceutical Listed Co.*

     900        2,020  

Zhejiang Juhua Co., Ltd. Class A

     5,890        6,155  

Zhejiang Longsheng Group Co., Ltd. Class A

     14,300        29,706  

Zhejiang Runtu Co., Ltd. Class A

     2,750        4,422  

Zibo Qixiang Tengda Chemical Co., Ltd. Class A

     3,300        3,387  
     

 

 

 
Total Chemicals

 

     309,212  
Commercial Services & Supplies – 0.3%

 

China Everbright International Ltd.

     14,838        11,902  

Country Garden Services Holdings Co., Ltd.

     6,529        21,996  

Jihua Group Corp., Ltd. Class A

     9,100        4,259  

Shanghai M&G Stationery, Inc. Class A

     1,700        11,895  

Tus Environmental Science And Technology Development Co., Ltd. Class A

     4,980        6,563  
     

 

 

 
Total Commercial Services & Supplies

 

     56,615  
Communications Equipment – 0.6%

 

Fiberhome Telecommunication Technologies Co., Ltd. Class A

     3,300        13,004  

Guangzhou Haige Communications Group, Inc. Co. Class A

     8,200        12,749  

Hengtong Optic-electric Co., Ltd. Class A

     7,100        16,573  

ZTE Corp. Class A*

     12,400        63,000  

ZTE Corp. Class H*

     5,200        15,917  
     

 

 

 
Total Communications Equipment

 

     121,243  
Construction & Engineering – 1.8%

 

Beijing Orient Landscape & Environment Co., Ltd. Class A

     7,800        5,621  

China CAMC Engineering Co., Ltd. Class A

     2,000        2,791  

China Communications Construction Co., Ltd. Class A

     8,100        10,652  

China Communications Construction Co., Ltd. Class H

     23,939      19,509  

China Gezhouba Group Co., Ltd. Class A

     16,900        16,207  

China National Chemical Engineering Co., Ltd. Class A

     10,500        9,707  

China Nuclear Engineering Corp., Ltd. Class A

     2,900        2,969  

China Railway Construction Corp., Ltd. Class A

     24,700        35,956  

China Railway Construction Corp., Ltd. Class H

     13,000        14,232  

China Railway Group Ltd. Class A

     39,000        33,257  

China Railway Group Ltd. Class H

     26,000        16,050  

China Railway Hi-tech Industry Co., Ltd. Class A

     4,200        6,934  

China State Construction Engineering Corp., Ltd. Class A

     100,980        81,472  

China State Construction International Holdings Ltd.

     11,922        10,833  

Jiangsu Zhongnan Construction Group Co., Ltd. Class A

     10,400        15,751  

Metallurgical Corp. of China Ltd. Class A

     25,000        10,049  

Power Construction Corp. of China Ltd. Class A

     26,800        16,698  

Shanghai Construction Group Co., Ltd. Class A

     31,600        16,059  

Shanghai Tunnel Engineering Co., Ltd. Class A

     10,700        9,278  

Suzhou Gold Mantis Construction Decoration Co., Ltd. Class A

     8,200        10,383  
     

 

 

 
Total Construction & Engineering

 

     344,408  
Construction Materials – 1.5%

 

Anhui Conch Cement Co., Ltd. Class A

     12,600        99,126  

Anhui Conch Cement Co., Ltd. Class H

     6,460        47,092  

BBMG Corp. Class A

     19,500        10,442  

BBMG Corp. Class H(a)

     13,000        3,987  

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Class A

     6,419        24,245  

China Jushi Co., Ltd. Class A

     13,120        20,530  

China National Building Material Co., Ltd. Class H

     22,129        24,708  

China Resources Cement Holdings Ltd.

     12,344        15,716  

China West Construction Group Co., Ltd. Class A

     1,900        3,079  

CSG Holding Co., Ltd. Class A

     12,295        8,843  

Huaxin Cement Co., Ltd. Class A

     3,840        14,570  

Jilin Yatai Group Co., Ltd. Class A*

     9,400        4,305  

Sichuan Shuangma Cement Co., Ltd. Class A*

     1,600        3,788  

Tangshan Jidong Cement Co., Ltd. Class A

     2,900        7,082  
     

 

 

 
Total Construction Materials

 

     287,513  
Containers & Packaging – 0.1%

 

ORG Technology Co., Ltd. Class A

     6,800        4,305  

Shenzhen Jinjia Group Co., Ltd. Class A

     5,200        8,518  
     

 

 

 
Total Containers & Packaging

 

     12,823  
Diversified Consumer Services – 1.0%

 

New Oriental Education & Technology Group, Inc. ADR*

     679        82,329  

TAL Education Group ADR*

     2,155        103,871  
     

 

 

 
Total Diversified Consumer Services

 

     186,200  
Electrical Equipment – 1.0%

 

China XD Electric Co., Ltd. Class A

     10,500        5,487  

Dongfang Electric Corp., Ltd. Class A

     6,500        8,576  

Fangda Carbon New Material Co., Ltd. Class A*

     10,667        18,621  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2019

 

 

 

Investments    Shares      Value  

Guoxuan High-Tech Co., Ltd. Class A

     3,900      $ 8,146  

Hongfa Technology Co., Ltd. Class A

     3,680        18,200  

Jiangsu Zhongtian Technology Co., Ltd. Class A

     11,700        13,941  

NARI Technology Co., Ltd. Class A

     9,100        27,670  

Shanghai Electric Group Co., Ltd. Class A

     22,100        15,800  

Shanghai Electric Group Co., Ltd. Class H

     1,225        402  

TBEA Co., Ltd. Class A

     19,500        18,616  

Xinjiang Goldwind Science & Technology Co., Ltd. Class A

     10,800        18,528  

Xinjiang Goldwind Science & Technology Co., Ltd. Class H

     4,122        4,788  

Zhejiang Chint Electrics Co., Ltd. Class A

     4,500        17,313  

Zhuzhou CRRC Times Electric Co., Ltd. Class H

     3,900        14,115  
     

 

 

 
Total Electrical Equipment

 

     190,203  
Electronic Equipment, Instruments & Components – 3.5%

 

AAC Technologies Holdings, Inc.

     3,186        27,805  

AVIC Jonhon Optronic Technology Co., Ltd. Class A

     2,850        15,981  

BOE Technology Group Co., Ltd. Class A

     135,200        88,119  

Foxconn Industrial Internet Co., Ltd. Class A

     6,800        17,835  

GoerTek, Inc. Class A

     11,000        31,457  

Hangzhou Hikvision Digital Technology Co., Ltd. Class A

     22,500        105,754  

Kingboard Holdings Ltd.

     3,186        10,100  

Lingyi iTech Guangdong Co. Class A*

     6,000        9,346  

Luxshare Precision Industry Co., Ltd. Class A

     17,016        89,163  

NAURA Technology Group Co., Ltd. Class A

     900        11,370  

OFILM Group Co., Ltd. Class A*

     10,400        23,291  

Shengyi Technology Co., Ltd. Class A

     5,900        17,719  

Shennan Circuits Co., Ltd. Class A

     360        7,344  

Sunny Optical Technology Group Co., Ltd.

     3,900        67,521  

Suzhou Dongshan Precision Manufacturing Co., Ltd. Class A

     5,200        17,282  

Tianma Microelectronics Co., Ltd. Class A

     5,600        13,096  

Unigroup Guoxin Microelectronics Co., Ltd. Class A

     2,000        14,597  

Unisplendour Corp., Ltd. Class A

     4,280        19,416  

Westone Information Industry, Inc. Class A

     2,800        10,367  

Wingtech Technology Co., Ltd. Class A*

     2,100        27,887  

WUS Printed Circuit Kunshan Co., Ltd. Class A

     6,400        20,406  

Zhejiang Dahua Technology Co., Ltd. Class A

     8,100        23,117  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     668,973  
Entertainment – 0.6%

 

NetEase, Inc. ADR

     378        115,910  
Food & Staples Retailing – 0.2%

 

Sun Art Retail Group Ltd.

     12,467        15,120  

Yonghui Superstores Co., Ltd. Class A

     19,800        21,432  
     

 

 

 
Total Food & Staples Retailing

 

     36,552  
Food Products – 2.6%

 

China Mengniu Dairy Co., Ltd.*

     16,158        65,322  

Dali Foods Group Co., Ltd.(b)

     13,000        9,627  

Foshan Haitian Flavouring & Food Co., Ltd. Class A

     4,200        64,823  

Guangdong Haid Group Co., Ltd. Class A

     3,900        20,156  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     5,600        23,338  

Inner Mongolia Yili Industrial Group Co., Ltd. Class A

     27,120      120,461  

Muyuan Foodstuff Co., Ltd. Class A

     4,340        55,321  

New Hope Liuhe Co., Ltd. Class A

     12,100        34,655  

Tingyi Cayman Islands Holding Corp.

     11,329        19,338  

Want Want China Holdings Ltd.

     40,479        37,820  

WH Group Ltd.(b)

     54,360        56,161  
     

 

 

 
Total Food Products

 

     507,022  
Gas Utilities – 0.5%

 

Beijing Enterprises Holdings Ltd.

     3,267        14,989  

China Gas Holdings Ltd.

     11,600        43,471  

China Resources Gas Group Ltd.

     5,412        29,728  

Kunlun Energy Co., Ltd.

     20,000        17,660  
     

 

 

 
Total Gas Utilities

 

     105,848  
Health Care Equipment & Supplies – 0.1%

 

Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. Class A

     3,900        11,377  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     11,836        14,188  
     

 

 

 
Total Health Care Equipment & Supplies

 

     25,565  
Health Care Providers & Services – 0.7%

 

China National Accord Medicines Corp., Ltd. Class A

     700        4,558  

China Reform Health Management and Services Group Co., Ltd. Class A*

     2,900        7,128  

Huadong Medicine Co., Ltd. Class A

     4,600        16,100  

Jointown Pharmaceutical Group Co., Ltd. Class A

     3,900        7,922  

Meinian Onehealth Healthcare Holdings Co., Ltd. Class A

     11,616        24,831  

Shanghai Pharmaceuticals Holding Co., Ltd. Class A

     6,500        17,142  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     4,660        9,067  

Sinopharm Group Co., Ltd. Class H

     7,504        27,399  

Topchoice Medical Corp. Class A*

     1,100        16,191  
     

 

 

 
Total Health Care Providers & Services

 

     130,338  
Health Care Technology – 0.0%

 

Ping An Healthcare and Technology Co., Ltd.*(b)

     885        6,457  
Hotels, Restaurants & Leisure – 1.1%

 

China International Travel Service Corp., Ltd. Class A

     5,100        65,126  

Haidilao International Holding Ltd.(a)(b)

     4,334        17,410  

Huazhu Group Ltd. ADR

     718        28,770  

Yum China Holdings, Inc.

     2,109        101,253  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     212,559  
Household Durables – 2.6%

 

Gree Electric Appliances, Inc. of Zhuhai Class A

     24,300        228,777  

Haier Smart Home Co., Ltd. Class A

     21,400        59,908  

Midea Group Co., Ltd. Class A

     26,351        220,358  
     

 

 

 
Total Household Durables

 

     509,043  
Independent Power & Renewable Electricity Producers – 1.8%

 

CGN Power Co., Ltd. Class H(b)

     65,000        17,352  

China National Nuclear Power Co., Ltd. Class A

     26,300        18,878  

China Resources Power Holdings Co., Ltd.

     10,104        14,186  

China Yangtze Power Co., Ltd. Class A

     51,700        136,418  

Datang International Power Generation Co., Ltd. Class A

     12,100        4,256  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2019

 

 

 

Investments    Shares      Value  

GD Power Development Co., Ltd. Class A

     66,700      $ 22,407  

Huadian Power International Corp., Ltd. Class A

     17,100        9,009  

Huaneng Power International, Inc. Class A

     24,070        19,282  

Huaneng Power International, Inc. Class H

     26,000        13,147  

Hubei Energy Group Co., Ltd. Class A

     11,900        7,124  

SDIC Power Holdings Co., Ltd. Class A

     20,100        26,490  

Shanghai Electric Power Co., Ltd. Class A

     5,200        6,009  

Shenergy Co., Ltd. Class A

     14,300        11,927  

Shenzhen Energy Group Co., Ltd. Class A

     6,500        5,795  

Sichuan Chuantou Energy Co., Ltd. Class A

     13,400        18,949  

Zhejiang Zheneng Electric Power Co., Ltd. Class A

     18,500        10,517  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     341,746  
Industrial Conglomerates – 0.2%

 

China Baoan Group Co., Ltd. Class A

     14,000        12,441  

CITIC Ltd.

     13,308        17,797  

Shanghai Industrial Holdings Ltd.

     613        1,180  
     

 

 

 
Total Industrial Conglomerates

 

     31,418  
Insurance – 6.7%

 

China Life Insurance Co., Ltd. Class A

     8,800        44,052  

China Life Insurance Co., Ltd. Class H

     42,158        117,139  

China Pacific Insurance Group Co., Ltd. Class A

     15,166        82,387  

China Pacific Insurance Group Co., Ltd. Class H

     14,938        58,856  

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

     5,700        6,211  

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

     40,734        16,938  

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

     51,000        625,703  

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

     29,493        348,611  
     

 

 

 
Total Insurance

 

     1,299,897  
Interactive Media & Services – 8.9%

 

Baidu, Inc. ADR*

     1,548        195,667  

Tencent Holdings Ltd.

     31,376        1,512,465  
     

 

 

 
Total Interactive Media & Services

 

     1,708,132  
Internet & Direct Marketing Retail – 12.5%

 

Alibaba Group Holding Ltd. ADR*

     8,619        1,828,090  

JD.com, Inc. ADR*

     4,887        172,169  

Meituan Dianping Class B*

     19,580        256,064  

Pinduoduo, Inc. ADR*

     1,970        74,506  

Trip.com Group Ltd. ADR*

     2,252        75,532  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     2,406,361  
IT Services – 0.3%

 

China TransInfo Technology Co., Ltd. Class A

     3,300        8,546  

DHC Software Co., Ltd. Class A

     11,900        17,630  

GDS Holdings Ltd. ADR*(a)

     339        17,486  

TravelSky Technology Ltd. Class H

     5,051        12,330  
     

 

 

 
Total IT Services

 

     55,992  
Life Sciences Tools & Services – 0.4%

 

Genscript Biotech Corp.*

     4,691        10,656  

WuXi AppTec Co., Ltd. Class A

     2,300        30,417  

WuXi AppTec Co., Ltd. Class H(b)

     800        9,923  

Wuxi Biologics Cayman, Inc.*(b)

     2,525        31,969  
     

 

 

 
Total Life Sciences Tools & Services

 

     82,965  
Machinery – 2.6%

 

China Conch Venture Holdings Ltd.

     8,500      37,090  

China CSSC Holdings Ltd. Class A

     3,900        12,183  

China First Heavy Industries Class A*

     15,900        6,642  

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

     6,700        9,445  

China Shipbuilding Industry Co., Ltd. Class A

     60,400        45,436  

CITIC Heavy Industries Co., Ltd. Class A

     9,700        5,180  

CRRC Corp., Ltd. Class A

     50,700        51,969  

CRRC Corp., Ltd. Class H

     26,000        18,953  

Fujian Longking Co., Ltd. Class A

     5,200        7,279  

Haitian International Holdings Ltd.

     1,225        2,968  

Han’s Laser Technology Industry Group Co., Ltd. Class A

     4,000        22,970  

Inner Mongolia First Machinery Group Co., Ltd. Class A

     3,900        5,952  

Jiangsu Hengli Hydraulic Co., Ltd. Class A

     1,400        9,999  

North Navigation Control Technology Co., Ltd. Class A*

     4,200        5,017  

Sany Heavy Industry Co., Ltd. Class A

     30,300        74,166  

Shanghai Mechanical and Electrical Industry Co., Ltd. Class A

     1,600        3,806  

Shanghai Zhenhua Heavy Industries Co., Ltd. Class A

     10,880        5,670  

Sinotruk Hong Kong Ltd.

     3,186        6,796  

Tian Di Science & Technology Co., Ltd. Class A

     7,800        3,572  

Weichai Power Co., Ltd. Class A

     23,000        52,434  

Weichai Power Co., Ltd. Class H

     13,000        27,429  

XCMG Construction Machinery Co., Ltd. Class A

     25,100        19,710  

Yangzijiang Shipbuilding Holdings Ltd.

     14,300        11,911  

Zhejiang Sanhua Intelligent Controls Co., Ltd. Class A

     6,700        16,669  

Zhengzhou Yutong Bus Co., Ltd. Class A

     6,900        14,116  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class A

     31,200        29,920  
     

 

 

 
Total Machinery

 

     507,282  
Marine – 0.1%

 

COSCO Shipping Development Co., Ltd. Class A

     14,100        5,243  

COSCO Shipping Holdings Co., Ltd. Class A*

     16,300        12,332  

COSCO Shipping Holdings Co., Ltd. Class H*

     13,000        5,272  
     

 

 

 
Total Marine

 

     22,847  
Media – 0.3%

 

Focus Media Information Technology Co., Ltd. Class A

     58,320        52,411  
Metals & Mining – 2.9%

 

Aluminum Corp. of China Ltd. Class A*

     37,100        18,854  

Aluminum Corp. of China Ltd. Class H*

     26,000        8,909  

Angang Steel Co., Ltd. Class A

     8,740        4,203  

Angang Steel Co., Ltd. Class H(a)

     3,184        1,324  

Baoshan Iron & Steel Co., Ltd. Class A

     47,160        38,862  

Beijing Shougang Co., Ltd. Class A*

     6,500        3,294  

Chengtun Mining Group Co., Ltd. Class A

     8,000        6,075  

China Molybdenum Co., Ltd. Class A

     39,500        24,724  

China Molybdenum Co., Ltd. Class H(a)

     33,484        14,353  

China Northern Rare Earth Group High-Tech Co., Ltd. Class A

     14,300        22,254  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2019

 

 

 

Investments    Shares      Value  

Chongqing Iron & Steel Co., Ltd. Class A*

     38,600      $ 10,252  

Ganfeng Lithium Co., Ltd. Class A

     5,000        25,001  

Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. Class A*

     16,200        4,791  

GEM Co., Ltd. Class A

     20,100        14,053  

Guangdong HEC Technology Holding Co., Ltd. Class A

     7,800        11,466  

Hesteel Co., Ltd. Class A

     29,000        10,741  

Hunan Valin Steel Co., Ltd. Class A*

     7,480        5,133  

Inner Mongolia BaoTou Steel Union Co., Ltd. Class A

     124,200        23,536  

Jiangxi Copper Co., Ltd. Class A

     5,600        13,611  

Jiangxi Copper Co., Ltd. Class H

     13,000        17,885  

Jinduicheng Molybdenum Co., Ltd. Class A

     5,200        5,980  

Maanshan Iron & Steel Co., Ltd. Class A

     14,500        6,391  

MMG Ltd.*

     4,904        1,473  

Nanjing Iron & Steel Co., Ltd. Class A

     12,300        6,092  

Pangang Group Vanadium Titanium & Resources Co., Ltd. Class A*

     35,500        14,882  

SGIS Songshan Co., Ltd. Class A*

     5,500        3,743  

Shandong Gold Mining Co., Ltd. Class A

     5,500        25,756  

Shandong Iron and Steel Co., Ltd. Class A*

     26,100        5,358  

Shandong Nanshan Aluminum Co., Ltd. Class A

     31,500        10,129  

Shanxi Taigang Stainless Steel Co., Ltd. Class A

     10,000        5,872  

Shenghe Resources Holding Co., Ltd. Class A

     4,220        5,495  

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A

     14,350        8,858  

Tongling Nonferrous Metals Group Co., Ltd. Class A

     36,800        12,309  

Western Mining Co., Ltd. Class A*

     10,800        10,264  

Xiamen Tungsten Co., Ltd. Class A

     4,060        7,600  

Xinxing Ductile Iron Pipes Co., Ltd. Class A

     13,000        7,782  

Xinyu Iron & Steel Co., Ltd. Class A

     6,900        5,082  

Yintai Gold Co., Ltd. Class A

     3,820        7,464  

Yunnan Aluminium Co., Ltd. Class A*

     5,500        4,058  

Yunnan Chihong Zinc & Germanium Co., Ltd. Class A

     13,700        8,615  

Yunnan Copper Co., Ltd. Class A*

     4,500        8,825  

Yunnan Tin Co., Ltd. Class A*

     4,200        6,295  

Zhejiang Huayou Cobalt Co., Ltd. Class A

     2,612        14,770  

Zhongjin Gold Corp., Ltd. Class A

     10,800        13,148  

Zijin Mining Group Co., Ltd. Class A

     75,400        49,684  

Zijin Mining Group Co., Ltd. Class H

     32,775        16,321  
     

 

 

 
Total Metals & Mining

 

     551,567  
Oil, Gas & Consumable Fuels – 2.5%

 

China Coal Energy Co., Ltd. Class A

     9,500        6,846  

China Coal Energy Co., Ltd. Class H

     13,000        5,155  

China Petroleum & Chemical Corp. Class A

     61,000        44,749  

China Petroleum & Chemical Corp. Class H

     140,618        84,640  

China Shenhua Energy Co., Ltd. Class A

     13,000        34,060  

China Shenhua Energy Co., Ltd. Class H

     18,702        39,076  

CNOOC Ltd.

     93,139        154,917  

PetroChina Co., Ltd. Class A

     77,000        64,446  

PetroChina Co., Ltd. Class H

     116,618        58,520  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     492,409  
Paper & Forest Products – 0.2%

 

Lee & Man Paper Manufacturing Ltd.

     13,000      9,844  

Nine Dragons Paper Holdings Ltd.

     13,000        13,514  

Shandong Chenming Paper Holdings Ltd. Class A

     7,800        5,700  

Shandong Sun Paper Industry JSC Ltd. Class A

     6,500        9,182  

Shanying International Holding Co., Ltd. Class A*

     14,300        7,739  
     

 

 

 
Total Paper & Forest Products

 

     45,979  
Personal Products – 0.2%

 

Hengan International Group Co., Ltd.

     4,587        32,673  
Pharmaceuticals – 3.7%

 

Asymchem Laboratories Tianjin Co., Ltd. Class A

     600        11,155  

Beijing Tongrentang Co., Ltd. Class A

     4,500        18,205  

Changchun High & New Technology Industry Group, Inc. Class A

     700        44,920  

China Medical System Holdings Ltd.

     8,000        11,520  

China Resources Pharmaceutical Group Ltd.(b)

     13,000        12,063  

China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. Class A

     1,600        7,277  

CSPC Pharmaceutical Group Ltd.

     26,000        61,998  

Dong-E-E-Jiao Co., Ltd. Class A

     3,800        19,295  

Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class A

     2,800        14,314  

Hansoh Pharmaceutical Group Co., Ltd.*(b)

     4,000        13,296  

Hubei Jumpcan Pharmaceutical Co., Ltd. Class A

     1,300        4,513  

Humanwell Healthcare Group Co., Ltd. Class A*

     5,500        10,667  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     15,084        189,522  

Jilin Aodong Pharmaceutical Group Co., Ltd. Class A

     5,600        13,289  

Livzon Pharmaceutical Group, Inc. Class A

     2,581        12,487  

Shandong Buchang Pharmaceuticals Co., Ltd. Class A

     3,300        9,769  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A

     6,500        24,822  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H(a)

     1,225        3,694  

Shenzhen Hepalink Pharmaceutical Group Co., Ltd. Class A

     2,000        5,602  

Shenzhen Salubris Pharmaceuticals Co., Ltd. Class A

     2,600        7,443  

Sichuan Kelun Pharmaceutical Co., Ltd. Class A

     3,900        13,152  

Sino Biopharmaceutical Ltd.

     37,624        52,632  

Tasly Pharmaceutical Group Co., Ltd. Class A

     5,780        12,795  

Tonghua Dongbao Pharmaceutical Co., Ltd. Class A

     8,380        15,218  

Yifan Pharmaceutical Co., Ltd. Class A

     3,900        9,098  

Yunnan Baiyao Group Co., Ltd. Class A

     2,600        33,380  

Zhangzhou Pientzehuang Pharmaceutical Co., Ltd. Class A

     1,900        29,969  

Zhejiang Conba Pharmaceutical Co., Ltd. Class A

     11,700        10,330  

Zhejiang Huahai Pharmaceutical Co., Ltd. Class A*

     5,840        14,471  

Zhejiang NHU Co., Ltd. Class A

     6,420        21,438  
     

 

 

 
Total Pharmaceuticals

 

     708,334  
Professional Services – 0.1%

 

51job, Inc. ADR*(a)

     143        12,141  
Real Estate Management & Development – 5.3%

 

Agile Group Holdings Ltd.

     8,878        13,354  

Beijing Capital Development Co., Ltd. Class A

     4,300        4,920  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2019

 

 

 

Investments    Shares      Value  

China Evergrande Group*(a)

     17,544      $ 48,634  

China Fortune Land Development Co., Ltd. Class A

     8,900        36,670  

China Jinmao Holdings Group Ltd.

     25,071        19,531  

China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A

     16,100        45,926  

China Overseas Land & Investment Ltd.

     21,043        81,965  

China Resources Land Ltd.

     14,929        74,340  

China Vanke Co., Ltd. Class A

     30,300        139,979  

China Vanke Co., Ltd. Class H

     8,046        34,335  

CIFI Holdings Group Co., Ltd.

     13,970        11,815  

Country Garden Holdings Co., Ltd.

     40,838        65,410  

Financial Street Holdings Co., Ltd. Class A

     13,400        15,621  

Gemdale Corp. Class A

     20,100        41,841  

Greenland Holdings Corp., Ltd. Class A

     20,100        20,055  

Jinke Properties Group Co., Ltd. Class A

     14,600        16,097  

Logan Property Holdings Co., Ltd.

     7,651        12,844  

Longfor Group Holdings Ltd.(b)

     8,542        40,014  

Oceanwide Holdings Co., Ltd. Class A

     3,300        2,156  

Poly Developments and Holdings Group Co., Ltd. Class A

     41,400        96,164  

RiseSun Real Estate Development Co., Ltd. Class A

     10,400        14,676  

Seazen Group Ltd.*(a)

     8,666        10,544  

Seazen Holdings Co., Ltd. Class A

     4,100        22,790  

Shanghai Lingang Holdings Corp., Ltd. Class A

     1,500        5,287  

Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class A

     3,460        6,711  

Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class B

     1,720        1,663  

Shimao Property Holdings Ltd.

     6,500        25,193  

Sunac China Holdings Ltd.

     13,000        77,665  

Xinhu Zhongbao Co., Ltd. Class A

     26,400        14,326  

Youngor Group Co., Ltd. Class A

     21,800        21,813  

Zhejiang China Commodities City Group Co., Ltd. Class A

     15,600        8,667  
     

 

 

 
Total Real Estate Management & Development

 

     1,031,006  
Road & Rail – 0.3%

 

China High Speed Railway Technology Co., Ltd. Class A

     10,400        5,420  

Daqin Railway Co., Ltd. Class A

     36,300        42,784  

Guangshen Railway Co., Ltd. Class A

     19,500        8,566  
     

 

 

 
Total Road & Rail

 

     56,770  
Semiconductors & Semiconductor Equipment – 1.2%

 

GCL System Integration Technology Co., Ltd. Class A*

     10,500        8,909  

Gigadevice Semiconductor Beijing, Inc. Class A

     600        17,648  

Hangzhou Silan Microelectronics Co., Ltd. Class A

     3,900        8,661  

JCET Group Co., Ltd. Class A*

     5,000        15,777  

LONGi Green Energy Technology Co., Ltd. Class A

     13,780        49,120  

Sanan Optoelectronics Co., Ltd. Class A

     13,600        35,847  

Semiconductor Manufacturing International Corp.*(a)

     17,540        26,878  

Shenzhen Goodix Technology Co., Ltd. Class A

     800        23,693  

Tianjin Zhonghuan Semiconductor Co., Ltd. Class A

     9,100        15,429  

Will Semiconductor Ltd. Class A

     700        14,411  

Xinyi Solar Holdings Ltd.

     15,600        11,072  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     227,445  
Software – 1.1%

 

360 Security Technology, Inc. Class A

     2,200      7,425  

Aisino Corp. Class A

     6,500        21,621  

Beijing Shiji Information Technology Co., Ltd. Class A

     1,600        8,958  

China National Software & Service Co., Ltd. Class A

     1,500        15,438  

Glodon Co., Ltd. Class A

     3,200        15,610  

Hundsun Technologies, Inc. Class A

     3,300        36,825  

Iflytek Co., Ltd. Class A

     8,500        42,075  

Kingdee International Software Group Co., Ltd.

     9,340        9,338  

Kingsoft Corp., Ltd.*(a)

     5,200        13,481  

Shanghai 2345 Network Holding Group Co., Ltd. Class A

     17,300        8,022  

Venustech Group, Inc. Class A

     2,700        13,101  

Yonyou Network Technology Co., Ltd. Class A

     7,640        31,149  
     

 

 

 
Total Software

 

     223,043  
Specialty Retail – 0.1%

 

Suning.com Co., Ltd. Class A

     19,400        28,157  
Technology Hardware, Storage & Peripherals – 1.1%

 

China Greatwall Technology Group Co., Ltd. Class A

     9,800        21,891  

Dawning Information Industry Co., Ltd. Class A

     3,660        18,170  

Inspur Electronic Information Industry Co., Ltd. Class A

     4,200        18,149  

Lenovo Group Ltd.

     30,904        20,743  

Ninestar Corp. Class A

     2,200        10,397  

Tsinghua Tongfang Co., Ltd. Class A*

     13,000        16,367  

Xiaomi Corp. Class B*(a)(b)

     76,266        105,515  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     211,232  
Textiles, Apparel & Luxury Goods – 0.6%

 

ANTA Sports Products Ltd.

     5,624        50,345  

Shenzhou International Group Holdings Ltd.

     3,954        57,799  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     108,144  
Trading Companies & Distributors – 0.2%

 

China Meheco Co., Ltd. Class A

     3,700        6,932  

Orient Group, Inc. Class A*

     13,700        6,608  

Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. Class A

     1,400        3,491  

Sinochem International Corp. Class A

     7,090        5,395  

Xiamen C & D, Inc. Class A

     9,500        12,261  
     

 

 

 
Total Trading Companies & Distributors

 

     34,687  
Transportation Infrastructure – 0.9%

 

China Merchants Port Holdings Co., Ltd.

     8,030        13,583  

COSCO Shipping Ports Ltd.

     4,904        4,015  

Dalian Port PDA Co., Ltd. Class A

     14,300        4,167  

Guangzhou Baiyun International Airport Co., Ltd. Class A

     7,100        17,786  

Jiangsu Expressway Co., Ltd. Class H

     7,651        10,487  

Ningbo Zhoushan Port Co., Ltd. Class A

     20,800        11,347  

Shanghai International Airport Co., Ltd. Class A

     5,000        56,527  

Shanghai International Port Group Co., Ltd. Class A

     32,800        27,170  

Shenzhen Airport Co., Ltd. Class A

     5,200        7,294  

Shenzhen International Holdings Ltd.

     6,500        14,282  

TangShan Port Group Co., Ltd. Class A

     15,030        5,610  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2019

 

 

 

Investments    Shares      Value  

Tianjin Port Co., Ltd. Class A

     4,700      $ 4,237  
     

 

 

 
Total Transportation Infrastructure

 

     176,505  
Water Utilities – 0.3%

 

Beijing Enterprises Water Group Ltd.*

     30,553        15,449  

Guangdong Investment Ltd.

     18,349        38,385  
     

 

 

 
Total Water Utilities

 

     53,834  
Wireless Telecommunication Services – 1.3%

 

China Mobile Ltd.

     30,565        256,938  
TOTAL COMMON STOCKS
(Cost: $19,084,202)

 

     19,172,960  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4%

 

United States – 0.4%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.58%(c)

     
(Cost: $79,130)(d)      79,130        79,130  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $19,163,332)
        19,252,090  

Other Assets less Liabilities – 0.1%

        10,531  
     

 

 

 
NET ASSETS – 100.0%             $ 19,262,621  
* 

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 December 31, 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 December 31, 2019.

 

(d) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $338,631 and the total market value of the collateral held by the Fund was $355,028. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $275,898.

ADR – American Depositary Receipt

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Japan Multifactor Fund (JAMF)

December 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%

 

Japan – 100.0%

 

Air Freight & Logistics – 0.8%

 

Maruwa Unyu Kikan Co., Ltd.(a)

     200      $ 4,413  

SG Holdings Co., Ltd.

     300        6,791  
     

 

 

 
Total Air Freight & Logistics

 

     11,204  
Airlines – 1.4%

 

ANA Holdings, Inc.

     355        11,897  

Japan Airlines Co., Ltd.

     200        6,252  
     

 

 

 
Total Airlines

 

     18,149  
Banks – 3.9%

 

Seven Bank Ltd.

     4,700        15,483  

Shinsei Bank Ltd.

     900        13,872  

Sumitomo Mitsui Trust Holdings, Inc.

     400        15,963  

Suruga Bank Ltd.*

     1,600        7,332  
     

 

 

 
Total Banks

 

     52,650  
Beverages – 0.7%

 

Asahi Group Holdings Ltd.

     100        4,585  

Suntory Beverage & Food Ltd.

     100        4,182  
     

 

 

 
Total Beverages

 

     8,767  
Building Products – 0.5%

 

Bunka Shutter Co., Ltd.

     700        6,209  
Capital Markets – 0.6%

 

M&A Capital Partners Co., Ltd.*

     200        8,153  
Chemicals – 2.5%

 

Sanyo Chemical Industries Ltd.

     200        9,975  

Teijin Ltd.

     800        15,054  

Tokai Carbon Co., Ltd.

     830        8,363  
     

 

 

 
Total Chemicals

 

     33,392  
Commercial Services & Supplies – 2.4%

 

Aeon Delight Co., Ltd.

     200        7,223  

Dai Nippon Printing Co., Ltd.

     300        8,171  

Relia, Inc.

     400        5,109  

Sato Holdings Corp.

     200        6,312  

Sohgo Security Services Co., Ltd.

     100        5,448  
     

 

 

 
Total Commercial Services & Supplies

 

     32,263  
Construction & Engineering – 4.4%

 

COMSYS Holdings Corp.

     300        8,654  

Hazama Ando Corp.

     700        6,132  

Kyowa Exeo Corp.

     300        7,638  

Mirait Holdings Corp.(a)

     500        7,596  

Obayashi Corp.

     700        7,839  

Sanki Engineering Co., Ltd.

     600        8,519  

Shimizu Corp.

     700        7,189  

Tokyu Construction Co., Ltd.

     800        5,749  
     

 

 

 
Total Construction & Engineering

 

     59,316  
Consumer Finance – 1.6%

 

Credit Saison Co., Ltd.

     800        13,994  

Jaccs Co., Ltd.

     300        7,729  
     

 

 

 
Total Consumer Finance

 

     21,723  
Containers & Packaging – 0.9%

 

FP Corp.

     200      11,944  
Distributors – 0.3%

 

Arata Corp.

     100        4,168  
Diversified Consumer Services – 0.4%

 

Benesse Holdings, Inc.

     200        5,289  
Diversified Financial Services – 1.0%

 

Fuyo General Lease Co., Ltd.

     200        13,563  
Diversified Telecommunication Services – 0.8%

 

Nippon Telegraph & Telephone Corp.

     400        10,148  
Electric Utilities – 1.2%

 

Chubu Electric Power Co., Inc.

     300        4,255  

Chugoku Electric Power Co., Inc. (The)(a)

     500        6,579  

Shikoku Electric Power Co., Inc.

     500        4,960  
     

 

 

 
Total Electric Utilities

 

     15,794  
Electrical Equipment – 0.9%

 

Nissin Electric Co., Ltd.

     400        4,991  

Nitto Kogyo Corp.

     290        6,783  
     

 

 

 
Total Electrical Equipment

 

     11,774  
Electronic Equipment, Instruments & Components – 3.2%

 

Amano Corp.

     200        6,138  

Canon Marketing Japan, Inc.(a)

     200        4,674  

Daiwabo Holdings Co., Ltd.

     60        3,716  

Hitachi High-Technologies Corp.

     90        6,410  

Hosiden Corp.

     300        3,826  

Nippon Signal Co., Ltd.

     400        5,377  

Nohmi Bosai Ltd.

     200        4,524  

Oki Electric Industry Co., Ltd.

     400        5,591  

Yokowo Co., Ltd.

     100        2,986  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     43,242  
Entertainment – 4.4%

 

Capcom Co., Ltd.

     300        8,365  

Daiichikosho Co., Ltd.

     200        10,545  

GungHo Online Entertainment, Inc.(a)

     219        4,667  

Nexon Co., Ltd.*

     300        4,003  

Toei Animation Co., Ltd.

     180        9,275  

Toei Co., Ltd.

     90        13,449  

Toho Co., Ltd.

     200        8,365  
     

 

 

 
Total Entertainment

 

     58,669  
Food & Staples Retailing – 2.8%

 

Cocokara fine, Inc.

     100        5,834  

Matsumotokiyoshi Holdings Co., Ltd.

     100        3,897  

Seven & I Holdings Co., Ltd.

     200        7,367  

Sugi Holdings Co., Ltd.

     100        5,300  

Sundrug Co., Ltd.

     100        3,639  

Tsuruha Holdings, Inc.

     10        1,290  

Yaoko Co., Ltd.

     104        5,340  

Yokohama Reito Co., Ltd.

     500        4,601  
     

 

 

 
Total Food & Staples Retailing

 

     37,268  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Multifactor Fund (JAMF)

December 31, 2019

 

 

 

Investments    Shares      Value  
Food Products – 3.8%

 

Calbee, Inc.

     200      $ 6,542  

Kewpie Corp.

     262        5,914  

Kotobuki Spirits Co., Ltd.

     60        4,444  

Megmilk Snow Brand Co., Ltd.

     200        4,586  

MEIJI Holdings Co., Ltd.

     100        6,791  

Morinaga & Co., Ltd.

     100        4,822  

Morinaga Milk Industry Co., Ltd.

     100        4,095  

Nisshin Oillio Group Ltd. (The)

     200        6,966  

Prima Meat Packers Ltd.

     300        7,003  
     

 

 

 
Total Food Products

 

     51,163  
Gas Utilities – 0.5%

 

Tokyo Gas Co., Ltd.

     300        7,320  
Health Care Equipment & Supplies – 1.4%

 

Hoya Corp.

     100        9,616  

Menicon Co., Ltd.

     100        4,214  

Olympus Corp.

     300        4,663  
     

 

 

 
Total Health Care Equipment & Supplies

 

     18,493  
Health Care Providers & Services – 2.7%

 

As One Corp.

     100        9,395  

BML, Inc.

     200        5,788  

NichiiGakkan Co., Ltd.

     300        4,563  

Ship Healthcare Holdings, Inc.

     200        9,294  

Toho Holdings Co., Ltd.

     300        6,700  
     

 

 

 
Total Health Care Providers & Services

 

     35,740  
Hotels, Restaurants & Leisure – 6.4%

 

Create Restaurants Holdings, Inc.

     400        6,898  

Doutor Nichires Holdings Co., Ltd.

     400        7,972  

Fuji Kyuko Co., Ltd.

     100        3,888  

Koshidaka Holdings Co., Ltd.

     300        4,555  

McDonald’s Holdings Co., Japan Ltd.

     200        9,643  

Ohsho Food Service Corp.

     100        5,972  

Resorttrust, Inc.

     400        6,828  

Round One Corp.

     369        3,592  

Saizeriya Co., Ltd.

     300        7,351  

Skylark Holdings Co., Ltd.

     400        7,858  

Sushiro Global Holdings Ltd.

     90        7,760  

Tokyo Dome Corp.

     700        6,995  

Zensho Holdings Co., Ltd.

     300        6,816  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     86,128  
Household Durables – 3.6%

 

Casio Computer Co., Ltd.

     300        6,048  

JVCKenwood Corp.

     1,400        3,530  

Pressance Corp.

     300        3,694  

Sekisui House Ltd.

     300        6,442  

Sony Corp.

     90        6,129  

Starts Corp., Inc.

     300        7,688  

Sumitomo Forestry Co., Ltd.

     500        7,430  

Token Corp.

     100        6,782  
     

 

 

 
Total Household Durables

 

     47,743  
Household Products – 0.4%

 

Lion Corp.

     300      5,866  
Industrial Conglomerates – 0.5%

 

TOKAI Holdings Corp.

     700        7,079  
Insurance – 2.7%

 

MS&AD Insurance Group Holdings, Inc.

     600        19,936  

Sony Financial Holdings, Inc.

     700        16,928  
     

 

 

 
Total Insurance

 

     36,864  
Interactive Media & Services – 0.6%

 

Dip Corp.

     290        8,633  
IT Services – 5.2%

 

DTS Corp.

     300        7,028  

Fujitsu Ltd.

     100        9,450  

Infocom Corp.

     100        2,471  

Information Services International-Dentsu Ltd.

     100        3,984  

NEC Corp.

     100        4,159  

NEC Networks & System Integration Corp.

     200        7,122  

Nihon Unisys Ltd.

     100        3,152  

Nomura Research Institute Ltd.

     360        7,745  

NS Solutions Corp.

     100        3,313  

NSD Co., Ltd.

     400        6,618  

Otsuka Corp.

     100        4,026  

SCSK Corp.

     100        5,217  

TIS, Inc.

     100        5,917  
     

 

 

 
Total IT Services

 

     70,202  
Leisure Products – 0.4%

 

Mizuno Corp.

     200        5,085  
Machinery – 1.1%

 

Glory Ltd.

     200        6,092  

METAWATER Co., Ltd.

     200        8,042  
     

 

 

 
Total Machinery

 

     14,134  
Media – 0.6%

 

SKY Perfect JSAT Holdings, Inc.

     1,700        7,587  
Metals & Mining – 2.3%

 

Asahi Holdings, Inc.

     600        14,940  

Tokyo Steel Manufacturing Co., Ltd.

     2,100        15,266  
     

 

 

 
Total Metals & Mining

 

     30,206  
Multiline Retail – 0.5%

 

Pan Pacific International Holdings Corp.(a)

     400        6,666  
Oil, Gas & Consumable Fuels – 0.8%

 

Iwatani Corp.

     320        10,939  
Personal Products – 1.0%

 

Kao Corp.

     100        8,305  

Noevir Holdings Co., Ltd.

     100        5,383  
     

 

 

 
Total Personal Products

 

     13,688  
Pharmaceuticals – 5.8%

 

Astellas Pharma, Inc.

     400        6,883  

Chugai Pharmaceutical Co., Ltd.

     100        9,275  

JCR Pharmaceuticals Co., Ltd.

     50        4,076  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Multifactor Fund (JAMF)

December 31, 2019

 

 

 

Investments    Shares      Value  

Kaken Pharmaceutical Co., Ltd.

     100      $ 5,558  

Kyowa Kirin Co., Ltd.

     300        7,103  

Nippon Shinyaku Co., Ltd.

     90        7,843  

Ono Pharmaceutical Co., Ltd.

     300        6,907  

Otsuka Holdings Co., Ltd.

     100        4,493  

Santen Pharmaceutical Co., Ltd.

     300        5,758  

Sawai Pharmaceutical Co., Ltd.

     100        6,368  

Shionogi & Co., Ltd.

     100        6,227  

Towa Pharmaceutical Co., Ltd.

     300        7,856  
     

 

 

 
Total Pharmaceuticals

 

     78,347  
Professional Services – 0.8%

 

BayCurrent Consulting, Inc.

     100        5,135  

Meitec Corp.

     100        5,659  
     

 

 

 
Total Professional Services

 

     10,794  
Real Estate Management & Development – 2.5%

 

Aeon Mall Co., Ltd.

     300        5,350  

Keihanshin Building Co., Ltd.

     300        3,956  

Kenedix, Inc.

     800        4,189  

Nomura Real Estate Holdings, Inc.

     200        4,822  

SAMTY Co., Ltd.

     200        4,133  

Sumitomo Realty & Development Co., Ltd.

     200        7,015  

Unizo Holdings Co., Ltd.

     100        4,711  
     

 

 

 
Total Real Estate Management & Development

 

     34,176  
Road & Rail – 6.2%

 

East Japan Railway Co.

     100        9,071  

Hamakyorex Co., Ltd.

     100        3,299  

Hitachi Transport System Ltd.

     300        8,489  

Kyushu Railway Co.

     200        6,717  

Nikkon Holdings Co., Ltd.

     300        7,580  

Sakai Moving Service Co., Ltd.

     100        6,414  

Sankyu, Inc.

     145        7,338  

Seibu Holdings, Inc.

     500        8,258  

Seino Holdings Co., Ltd.

     600        8,155  

Senko Group Holdings Co., Ltd.

     1,100        9,444  

West Japan Railway Co.

     90        7,819  
     

 

 

 
Total Road & Rail

 

     82,584  
Semiconductors & Semiconductor Equipment – 0.7%

 

Advantest Corp.

     100        5,668  

NuFlare Technology, Inc.

     30        3,296  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     8,964  
Software – 1.7%

 

Broadleaf Co., Ltd.

     800        4,910  

Computer Engineering & Consulting Ltd.

     100        1,896  

Justsystems Corp.

     90        5,068  

Miroku Jyoho Service Co., Ltd.

     100        3,027  

Oracle Corp.

     30        2,747  

Trend Micro, Inc.

     100        5,153  
     

 

 

 
Total Software

 

     22,801  
Specialty Retail – 7.4%

 

ABC-Mart, Inc.

     100        6,846  

Adastria Co., Ltd.

     190        4,352  

Autobacs Seven Co., Ltd.

     400      6,331  

DCM Holdings Co., Ltd.

     800        7,825  

EDION Corp.

     700        7,813  

Fast Retailing Co., Ltd.

     10        5,981  

Hikari Tsushin, Inc.

     20        5,048  

K’s Holdings Corp.

     400        5,267  

Kohnan Shoji Co., Ltd.

     300        7,078  

LIXIL VIVA Corp.

     200        3,603  

Nitori Holdings Co., Ltd.

     30        4,755  

Nojima Corp.

     300        6,305  

T-Gaia Corp.

     300        7,327  

United Arrows Ltd.

     100        2,843  

World Co., Ltd.

     100        2,476  

Yamada Denki Co., Ltd.

     1,400        7,446  

Yellow Hat Ltd.

     400        7,207  
     

 

 

 
Total Specialty Retail

 

     98,503  
Technology Hardware, Storage & Peripherals – 2.0%

 

Elecom Co., Ltd.

     100        4,067  

FUJIFILM Holdings Corp.

     100        4,812  

MCJ Co., Ltd.

     500        3,842  

Seiko Epson Corp.

     400        6,092  

Toshiba TEC Corp.

     200        8,318  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     27,131  
Textiles, Apparel & Luxury Goods – 0.4%

 

Seiko Holdings Corp.

     200        5,379  
Trading Companies & Distributors – 1.7%

 

Inaba Denki Sangyo Co., Ltd.

     300        7,674  

ITOCHU Corp.

     400        9,329  

Kanamoto Co., Ltd.

     200        5,192  
     

 

 

 
Total Trading Companies & Distributors

 

     22,195  
Transportation Infrastructure – 0.7%

 

Kamigumi Co., Ltd.

     400        8,830  
Wireless Telecommunication Services – 0.9%

 

KDDI Corp.

     400        11,973  
TOTAL COMMON STOCKS
(Cost: $1,243,109)

 

     1,338,898  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%

 

United States – 0.6%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.58%(b)

     
(Cost: $7,860)(c)      7,860        7,860  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $1,250,969)

 

 

     1,346,758  

Other Assets less Liabilities – (0.6)%

 

     (8,510
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,338,248  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of December 31, 2019.

 

(c) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $20,758 and the total market value of the collateral held by the Fund was $21,890. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,030.

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Japan Multifactor Fund (JAMF)

December 31, 2019

 

 

 

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

Barclays Bank PLC

    1/16/2020       599,953       USD       65,599,460       JPY     $     $ (3,992

Citibank N.A.

    1/16/2020       461,331       JPY       4,225       USD       22        
                                            $ 22     $ (3,992

 

CURRENCY LEGEND
JPY   Japanese yen
USD   U.S. dollar

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Corporate Bond Fund (WFIG)

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  
U.S. CORPORATE BONDS – 98.3%

 

United States – 98.3%

 

3M Co.
3.13%, 9/19/46

   $ 27,000      $ 26,062  

ABB Finance USA, Inc.
2.88%, 5/8/22

     63,000        64,357  

Abbott Laboratories
4.90%, 11/30/46

     22,000        28,954  

AbbVie, Inc.
3.38%, 11/14/21

     128,000        131,344  

3.60%, 5/14/25

     9,000        9,515  

4.45%, 5/14/46

     37,000        39,699  

4.88%, 11/14/48

     63,000        72,904  

Aetna, Inc.
2.80%, 6/15/23

     2,000        2,034  

Albemarle Corp.
4.15%, 12/1/24

     5,000        5,362  

Alexandria Real Estate Equities, Inc.
3.95%, 1/15/28

     13,000        13,980  

Altria Group, Inc.
4.00%, 1/31/24

     66,000        70,077  

2.63%, 9/16/26(a)

     14,000        13,864  

3.88%, 9/16/46

     13,000        12,024  

6.20%, 2/14/59

     69,000        82,340  

Amazon.com, Inc.
4.05%, 8/22/47(a)

     9,000        10,607  

American Express Co.
2.50%, 8/1/22

     10,000        10,123  

3.63%, 12/5/24

     27,000        28,564  

American Express Credit Corp.
2.25%, 5/5/21

     140,000        140,707  

American Honda Finance Corp.
2.30%, 9/9/26

     57,000        56,947  

American International Group, Inc.
4.80%, 7/10/45

     27,000        32,455  

American Water Capital Corp.
4.30%, 12/1/42

     9,000        10,072  

Amgen, Inc.
5.15%, 11/15/41

     61,000        73,975  

Analog Devices, Inc.
2.50%, 12/5/21

     65,000        65,503  

Anthem, Inc.
3.30%, 1/15/23

     23,000        23,814  

3.65%, 12/1/27

     19,000        20,138  

4.10%, 3/1/28

     48,000        52,199  

4.63%, 5/15/42

     115,000        130,015  

4.65%, 1/15/43

     40,000        45,218  

4.55%, 3/1/48

     25,000        28,339  

Appalachian Power Co.
7.00%, 4/1/38

     11,000        15,644  

Apple, Inc.
3.85%, 5/4/43

     50,000        56,163  

3.75%, 11/13/47

     42,000        46,718  

Archer-Daniels-Midland Co.
3.75%, 9/15/47

     4,000        4,388  

AT&T, Inc.
3.00%, 2/15/22

   9,000      9,183  

3.60%, 7/15/25

     99,000        104,923  

4.35%, 3/1/29

     85,000        94,641  

4.50%, 5/15/35

     89,000        99,329  

4.50%, 3/9/48

     111,000        122,834  

4.55%, 3/9/49

     173,000        192,439  

5.30%, 8/15/58

     120,000        147,350  

Atmos Energy Corp.
4.13%, 10/15/44

     23,000        25,957  

AvalonBay Communities, Inc.
4.20%, 12/15/23

     92,000        98,835  

Avangrid, Inc.
3.80%, 6/1/29

     123,000        130,638  

AXA Equitable Holdings, Inc.
4.35%, 4/20/28

     75,000        81,520  

Bank of America Corp.
4.13%, 1/22/24

     62,000        66,686  

4.20%, 8/26/24

     58,000        62,319  

4.45%, 3/3/26

     47,000        51,660  

3.25%, 10/21/27

     45,000        46,946  

4.18%, 11/25/27, Series L

     75,000        81,395  

5.00%, 1/21/44

     53,000        69,223  

Baxter International, Inc.
1.70%, 8/15/21

     25,000        24,970  

Berkshire Hathaway Energy Co.
6.13%, 4/1/36

     48,000        66,019  

Berkshire Hathaway Finance Corp.
4.20%, 8/15/48

     109,000        129,245  

BGC Partners, Inc.
5.38%, 7/24/23

     108,000        115,586  

Biogen, Inc.
5.20%, 9/15/45

     43,000        52,008  

Block Financial LLC
5.50%, 11/1/22

     46,000        49,370  

Boardwalk Pipelines L.P.
5.95%, 6/1/26

     116,000        130,632  

Boeing Co. (The)
3.75%, 2/1/50(a)

     44,000        46,923  

Booking Holdings, Inc.
3.55%, 3/15/28

     27,000        28,795  

BP Capital Markets America, Inc.
3.79%, 2/6/24

     17,000        18,104  

3.22%, 4/14/24

     77,000        80,443  

3.12%, 5/4/26

     72,000        75,298  

Brighthouse Financial, Inc.
3.70%, 6/22/27

     74,000        73,894  

Bristol-Myers Squibb Co.
2.88%, 8/15/20(b)

     74,000        74,421  

4.35%, 11/15/47(b)

     11,000        13,160  

Broadcom Corp.
3.63%, 1/15/24

     17,000        17,630  

3.88%, 1/15/27

     21,000        21,833  

Burlington Northern Santa Fe LLC
3.85%, 9/1/23

     73,000        77,550  

5.05%, 3/1/41

     25,000        31,040  

4.15%, 4/1/45

     9,000        10,233  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Corporate Bond Fund (WFIG)

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

CA, Inc.
3.60%, 8/15/22

   $ 88,000      $ 90,063  

Capital One Financial Corp.
4.75%, 7/15/21

     124,000        129,171  

3.75%, 7/28/26

     120,000        126,542  

3.80%, 1/31/28

     45,000        48,436  

Cardinal Health, Inc.
2.62%, 6/15/22

     130,000        131,373  

3.41%, 6/15/27(a)

     21,000        21,499  

4.37%, 6/15/47

     7,000        6,968  

Chevron Corp.
2.36%, 12/5/22

     41,000        41,597  

Cigna Corp.
4.50%, 2/25/26(b)

     54,000        59,336  

4.80%, 7/15/46(b)

     12,000        13,984  

3.88%, 10/15/47(b)

     68,000        69,421  

Cimarex Energy Co.
4.38%, 6/1/24

     98,000        103,577  

Cisco Systems, Inc.
2.60%, 2/28/23(a)

     15,000        15,347  

5.50%, 1/15/40

     28,000        38,312  

Citigroup, Inc.
2.70%, 3/30/21

     171,000        172,647  

5.50%, 9/13/25

     134,000        153,338  

4.30%, 11/20/26

     90,000        98,085  

4.45%, 9/29/27

     134,000        147,761  

CNA Financial Corp.
4.50%, 3/1/26

     118,000        130,252  

3.45%, 8/15/27

     124,000        129,366  

Comcast Corp.
3.00%, 2/1/24

     35,000        36,300  

3.38%, 2/15/25

     9,000        9,503  

3.15%, 2/15/28

     4,000        4,197  

4.25%, 1/15/33

     103,000        119,483  

4.60%, 10/15/38

     133,000        158,838  

4.65%, 7/15/42

     46,000        55,409  

4.00%, 8/15/47

     39,000        43,070  

Commonwealth Edison Co.
3.65%, 6/15/46

     7,000        7,447  

Conagra Brands, Inc.
5.40%, 11/1/48

     37,000        45,263  

Consolidated Edison Co. of New York, Inc.
4.50%, 5/15/58

     52,000        60,559  

Constellation Brands, Inc.
3.75%, 5/1/21

     58,000        59,340  

4.25%, 5/1/23

     146,000        155,283  

Corning, Inc.
5.75%, 8/15/40

     103,000        128,543  

4.38%, 11/15/57

     71,000        72,988  

CSX Corp.
3.80%, 3/1/28

     50,000        54,612  

6.00%, 10/1/36

     7,000        9,130  

4.25%, 11/1/66

     15,000        16,076  

CVS Health Corp.
4.88%, 7/20/35

     60,000        69,119  

5.05%, 3/25/48

     36,000        42,729  

Darden Restaurants, Inc.
3.85%, 5/1/27

   132,000      138,112  

Discover Financial Services
3.85%, 11/21/22

     15,000        15,691  

Dominion Energy South Carolina, Inc.
5.10%, 6/1/65

     8,000        10,420  

Duke Energy Carolinas LLC
3.95%, 11/15/28

     35,000        38,910  

3.95%, 3/15/48

     12,000        13,494  

Duke Energy Corp.
2.40%, 8/15/22

     32,000        32,336  

Duke Energy Florida LLC
4.20%, 7/15/48

     54,000        62,710  

Duke Energy Florida Project Finance LLC
2.54%, 9/1/31, Series 2026

     50,000        50,194  

DuPont de Nemours, Inc.
4.21%, 11/15/23

     80,000        85,647  

5.42%, 11/15/48

     18,000        22,240  

DXC Technology Co.
4.25%, 4/15/24(a)

     133,000        141,375  

Eastman Chemical Co.
3.60%, 8/15/22

     10,000        10,354  

eBay, Inc.
2.88%, 8/1/21

     30,000        30,367  

3.80%, 3/9/22(a)

     187,000        193,375  

Enable Midstream Partners L.P.
4.40%, 3/15/27

     12,000        11,996  

EPR Properties
3.75%, 8/15/29

     53,000        53,794  

Essex Portfolio L.P.
3.50%, 4/1/25

     65,000        68,288  

Evergy, Inc.
2.90%, 9/15/29

     30,000        29,922  

Exelon Corp.
3.50%, 6/1/22

     172,000        176,705  

4.45%, 4/15/46

     40,000        45,039  

Exelon Generation Co. LLC
5.60%, 6/15/42

     34,000        38,968  

Exxon Mobil Corp.
2.71%, 3/6/25

     125,000        129,316  

FedEx Corp.
4.00%, 1/15/24

     30,000        32,124  

4.10%, 4/15/43

     81,000        79,562  

4.55%, 4/1/46

     12,000        12,363  

Fifth Third Bancorp
2.60%, 6/15/22

     15,000        15,196  

3.95%, 3/14/28

     27,000        29,719  

8.25%, 3/1/38(a)

     50,000        76,487  

Fiserv, Inc.
2.75%, 7/1/24

     100,000        101,872  

Florida Power & Light Co.
4.13%, 6/1/48(a)

     11,000        12,907  

General Dynamics Corp.
2.25%, 11/15/22

     57,000        57,644  

General Mills, Inc.
4.20%, 4/17/28

     18,000        20,081  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Corporate Bond Fund (WFIG)

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

Gilead Sciences, Inc.
4.40%, 12/1/21

   $ 18,000      $ 18,789  

4.15%, 3/1/47

     43,000        47,980  

Hartford Financial Services Group, Inc. (The)
6.10%, 10/1/41

     32,000        43,959  

Healthcare Trust of America Holdings L.P.
3.75%, 7/1/27

     122,000        128,969  

Hewlett Packard Enterprise Co.
4.40%, 10/15/22

     178,000        188,136  

Home Depot, Inc. (The)
2.13%, 9/15/26

     23,000        23,009  

4.50%, 12/6/48

     40,000        49,482  

Honeywell International, Inc.
4.25%, 3/1/21

     51,000        52,566  

5.70%, 3/15/37

     4,000        5,404  

HP, Inc.
4.30%, 6/1/21

     12,000        12,362  

6.00%, 9/15/41

     25,000        27,769  

Humana, Inc.
3.13%, 8/15/29

     53,000        54,175  

Hyatt Hotels Corp.
3.38%, 7/15/23

     2,000        2,050  

Intel Corp.
2.88%, 5/11/24

     64,000        66,520  

Intercontinental Exchange, Inc.
2.75%, 12/1/20

     114,000        114,789  

International Business Machines Corp.
3.50%, 5/15/29

     100,000        107,686  

4.00%, 6/20/42

     24,000        26,571  

International Paper Co.
4.40%, 8/15/47

     12,000        12,874  

4.35%, 8/15/48

     61,000        65,062  

JPMorgan Chase & Co.
2.55%, 3/1/21

     141,000        142,122  

4.35%, 8/15/21

     124,000        128,809  

2.97%, 1/15/23(a)

     152,000        154,941  

5.63%, 8/16/43

     51,000        68,404  

4.95%, 6/1/45

     16,000        20,395  

Kimco Realty Corp.
3.13%, 6/1/23

     21,000        21,532  

Kroger Co. (The)
3.70%, 8/1/27

     72,000        77,174  

5.15%, 8/1/43

     2,000        2,299  

Laboratory Corp. of America Holdings
3.20%, 2/1/22

     14,000        14,324  

4.70%, 2/1/45

     45,000        50,746  

Lam Research Corp.
2.80%, 6/15/21

     139,000        140,531  

Las Vegas Sands Corp.
3.20%, 8/8/24

     50,000        51,534  

Lincoln National Corp.
3.80%, 3/1/28

     73,000        77,884  

Lockheed Martin Corp.
4.50%, 5/15/36

     20,000        23,755  

4.70%, 5/15/46

     112,000        142,613  

Lowe’s Cos., Inc.
3.12%, 4/15/22

   18,000      18,444  

4.38%, 9/15/45

     116,000        129,689  

4.05%, 5/3/47

     11,000        11,904  

4.55%, 4/5/49

     41,000        48,486  

Macy’s Retail Holdings, Inc.
2.88%, 2/15/23(a)

     8,000        7,980  

Magellan Midstream Partners L.P.
5.15%, 10/15/43

     9,000        10,555  

Marathon Petroleum Corp.
4.75%, 12/15/23

     14,000        15,224  

3.63%, 9/15/24

     33,000        34,685  

6.50%, 3/1/41

     112,000        145,701  

Markel Corp.
5.00%, 4/5/46

     28,000        32,183  

Marriott International, Inc.
2.30%, 1/15/22

     77,000        77,388  

Marsh & McLennan Cos., Inc.
3.88%, 3/15/24

     14,000        14,944  

McDonald’s Corp.
2.63%, 1/15/22

     4,000        4,059  

3.50%, 3/1/27

     2,000        2,138  

3.63%, 9/1/49

     64,000        65,396  

McKesson Corp.
3.80%, 3/15/24

     248,000        261,198  

Medtronic, Inc.
3.15%, 3/15/22

     140,000        144,037  

Merck & Co., Inc.
3.60%, 9/15/42

     71,000        76,494  

MetLife, Inc.
6.40%, 12/15/66

     132,000        161,911  

Microsoft Corp.
4.10%, 2/6/37

     45,000        53,311  

5.30%, 2/8/41

     93,000        127,351  

4.25%, 2/6/47

     35,000        43,006  

MidAmerican Energy Co.
3.65%, 8/1/48

     119,000        128,898  

Molson Coors Brewing Co.
3.00%, 7/15/26

     18,000        18,239  

Morgan Stanley
2.63%, 11/17/21

     129,000        130,586  

4.88%, 11/1/22

     148,000        158,634  

3.88%, 4/29/24, Series F

     33,000        35,103  

3.70%, 10/23/24

     98,000        104,170  

MPLX L.P.
4.50%, 7/15/23

     66,000        70,185  

4.88%, 6/1/25

     100,000        109,322  

4.13%, 3/1/27

     37,000        38,898  

National Fuel Gas Co.
3.75%, 3/1/23

     30,000        30,987  

Newmont Goldcorp Corp.
3.50%, 3/15/22

     136,000        139,638  

6.25%, 10/1/39

     53,000        70,414  

NIKE, Inc.
3.38%, 11/1/46

     39,000        41,280  

Norfolk Southern Corp.
4.15%, 2/28/48

     9,000        10,191  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Corporate Bond Fund (WFIG)

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

Northrop Grumman Corp.
3.50%, 3/15/21

   $ 70,000      $ 71,366  

3.25%, 8/1/23

     84,000        87,627  

3.25%, 1/15/28

     161,000        168,173  

NVIDIA Corp.
2.20%, 9/16/21

     24,000        24,127  

NVR, Inc.
3.95%, 9/15/22

     18,000        18,761  

O’Reilly Automotive, Inc.
4.88%, 1/14/21

     126,000        128,895  

3.60%, 9/1/27

     6,000        6,410  

Occidental Petroleum Corp.
5.55%, 3/15/26

     114,000        129,378  

4.63%, 6/15/45

     12,000        12,438  

4.40%, 8/15/49

     103,000        106,530  

Omega Healthcare Investors, Inc.
4.38%, 8/1/23

     22,000        23,355  

4.50%, 4/1/27

     34,000        36,737  

4.75%, 1/15/28

     5,000        5,450  

Omnicom Group, Inc.
3.63%, 5/1/22

     51,000        52,848  

ONE Gas, Inc.
4.66%, 2/1/44

     4,000        4,765  

Oracle Corp.
4.30%, 7/8/34

     31,000        36,322  

3.85%, 7/15/36

     40,000        43,925  

5.38%, 7/15/40

     119,000        154,932  

Owens Corning
4.30%, 7/15/47

     7,000        6,657  

Parker-Hannifin Corp.
4.45%, 11/21/44

     116,000        131,700  

PepsiCo, Inc.
2.63%, 7/29/29(a)

     10,000        10,219  

4.00%, 3/5/42

     113,000        128,852  

Pfizer, Inc.
3.60%, 9/15/28(a)

     24,000        26,342  

4.10%, 9/15/38

     134,000        153,497  

Philip Morris International, Inc.
2.88%, 5/1/24

     70,000        72,101  

2.75%, 2/25/26

     40,000        40,594  

3.13%, 8/17/27

     20,000        20,761  

4.38%, 11/15/41

     117,000        129,927  

Phillips 66
4.30%, 4/1/22

     32,000        33,602  

Phillips 66 Partners L.P.
3.55%, 10/1/26

     97,000        101,769  

Praxair, Inc.
4.05%, 3/15/21

     126,000        129,424  

Precision Castparts Corp.
3.90%, 1/15/43

     45,000        48,900  

Public Service Electric & Gas Co.
3.60%, 12/1/47

     12,000        13,032  

Realty Income Corp.
4.65%, 8/1/23

     22,000        23,825  

Republic Services, Inc.
3.20%, 3/15/25

     3,000        3,123  

Reynolds American, Inc.
4.00%, 6/12/22

   10,000      10,413  

4.45%, 6/12/25

     122,000        131,475  

5.70%, 8/15/35

     93,000        108,285  

5.85%, 8/15/45

     140,000        160,923  

Rockwell Collins, Inc.
3.50%, 3/15/27

     8,000        8,504  

Roper Technologies, Inc.
4.20%, 9/15/28

     129,000        141,501  

Santander Holdings USA, Inc.
3.70%, 3/28/22

     73,000        75,056  

Sherwin-Williams Co. (The)
4.50%, 6/1/47

     7,000        7,970  

3.80%, 8/15/49

     28,000        28,672  

Southern California Edison Co.
4.00%, 4/1/47

     16,000        16,874  

Southern Co. (The)
4.25%, 7/1/36

     21,000        22,676  

4.40%, 7/1/46

     85,000        94,414  

Starbucks Corp.
3.80%, 8/15/25

     102,000        109,996  

4.00%, 11/15/28(a)

     12,000        13,390  

4.50%, 11/15/48

     40,000        46,677  

State Street Corp.
3.10%, 5/15/23

     135,000        139,394  

3.30%, 12/16/24

     36,000        38,003  

2.65%, 5/19/26

     50,000        50,936  

Synchrony Financial
2.85%, 7/25/22

     12,000        12,153  

4.38%, 3/19/24

     110,000        117,442  

3.95%, 12/1/27

     40,000        42,079  

Textron, Inc.
4.30%, 3/1/24

     43,000        46,185  

Thermo Fisher Scientific, Inc.
3.00%, 4/15/23

     86,000        88,483  

Truist Financial Corp.
4.00%, 5/1/25

     125,000        135,635  

TWDC Enterprises 18 Corp.
3.00%, 2/13/26

     100,000        105,392  

Tyson Foods, Inc.
3.95%, 8/15/24(a)

     89,000        95,494  

U.S. Bancorp
3.00%, 7/30/29

     50,000        51,712  

Union Pacific Corp.
3.75%, 3/15/24

     10,000        10,616  

3.95%, 9/10/28

     35,000        38,706  

4.00%, 4/15/47

     100,000        110,146  

4.30%, 3/1/49

     43,000        49,762  

United Parcel Service, Inc.
6.20%, 1/15/38

     57,000        79,503  

United Technologies Corp.
4.50%, 6/1/42

     35,000        42,037  

4.63%, 11/16/48

     35,000        43,925  

UnitedHealth Group, Inc.
3.15%, 6/15/21

     75,000        76,406  

3.75%, 7/15/25

     118,000        127,567  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Corporate Bond Fund (WFIG)

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

3.38%, 4/15/27

   $ 25,000      $ 26,712  

3.50%, 8/15/39

     67,000        70,511  

4.25%, 6/15/48

     12,000        13,970  

Valero Energy Corp.
3.40%, 9/15/26

     14,000        14,687  

6.63%, 6/15/37

     75,000        99,373  

Verizon Communications, Inc.
3.45%, 3/15/21

     45,000        45,888  

5.15%, 9/15/23

     66,000        73,429  

3.50%, 11/1/24(a)

     38,000        40,322  

4.02%, 12/3/29

     27,000        30,123  

4.40%, 11/1/34

     109,000        126,545  

4.81%, 3/15/39

     69,000        83,437  

3.85%, 11/1/42

     59,000        63,884  

VF Corp.
3.50%, 9/1/21

     8,000        8,171  

ViacomCBS, Inc.
4.50%, 3/1/21(a)

     57,000        58,588  

3.38%, 2/15/28

     81,000        83,093  

6.88%, 4/30/36

     50,000        67,042  

4.60%, 1/15/45

     11,000        12,216  

Virginia Electric & Power Co.
3.80%, 4/1/28, Series A

     50,000        54,453  

4.00%, 1/15/43

     100,000        110,777  

Visa, Inc.
2.20%, 12/14/20

     38,000        38,159  

Walgreens Boots Alliance, Inc.
4.80%, 11/18/44(a)

     102,000        103,529  

Walmart, Inc.
3.95%, 6/28/38

     42,000        48,729  

4.05%, 6/29/48

     8,000        9,496  

Walt Disney Co. (The)
5.40%, 10/1/43

     26,000        35,489  

Waste Management, Inc.
3.45%, 6/15/29

     146,000        156,489  

3.90%, 3/1/35

     2,000        2,208  

Wells Fargo & Co.
4.60%, 4/1/21

     126,000        130,119  

3.45%, 2/13/23, Series M

     44,000        45,596  

4.13%, 8/15/23

     54,000        57,374  

3.55%, 9/29/25

     84,000        89,018  

4.30%, 7/22/27

     45,000        49,355  

5.61%, 1/15/44

     56,000        73,897  

4.75%, 12/7/46

     14,000        16,837  

WestRock RKT LLC
4.00%, 3/1/23

     35,000        36,560  

Weyerhaeuser Co.
7.38%, 3/15/32

     97,000        134,227  

WRKCo, Inc.
3.75%, 3/15/25

     124,000        130,884  

Wyeth LLC
6.50%, 2/1/34

     105,000        147,967  

Xylem, Inc.
4.38%, 11/1/46

     20,000        21,858  

TOTAL U.S. CORPORATE BONDS

(Cost: $20,310,250)

 

 

     20,572,931  
FOREIGN CORPORATE BONDS – 0.5%

 

Canada – 0.1%

 

Barrick North America Finance LLC
5.75%, 5/1/43

   16,000      20,407  
Switzerland – 0.1%

 

Novartis Capital Corp.
2.40%, 5/17/22(a)

     12,000        12,176  
United Kingdom – 0.3%

 

GlaxoSmithKline Capital, Inc.
3.88%, 5/15/28

     12,000        13,266  

6.38%, 5/15/38

     43,000        61,821  
     

 

 

 
Total United Kingdom

 

     75,087  

TOTAL FOREIGN CORPORATE BONDS

(Cost: $107,832)

 

 

     107,670  
U.S. GOVERNMENT OBLIGATIONS – 0.1%

 

U.S. Treasury Note – 0.1%

 

U.S. Treasury Note
2.25%, 2/15/27

     
(Cost: $9,864)      10,000        10,283  
      Shares          
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.5%

 

United States – 3.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 1.58%(c)

     

(Cost: $726,858)(d)

     726,858        726,858  

TOTAL INVESTMENTS IN SECURITIES – 102.4%

(Cost: $21,154,804)

 

 

     21,417,742  

Other Assets less Liabilities – (2.4)%

 

     (493,759
     

 

 

 
NET ASSETS – 100.0%

 

   $ 20,923,983  
(a) 

Security, or portion thereof, was on loan at December 31, 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 December 31, 2019.

 

(d) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $922,739 and the total market value of the collateral held by the Fund was $951,666. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $224,808.

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  
U.S. CORPORATE BONDS – 97.0%

 

United States – 97.0%

 

Acadia Healthcare Co., Inc.
5.63%, 2/15/23

   $ 150,000      $ 152,750  

ADT Security Corp. (The)
6.25%, 10/15/21

     168,000        177,546  

4.13%, 6/15/23

     75,000        77,500  

4.88%, 7/15/32(a)

     251,000        230,926  

AECOM
5.88%, 10/15/24

     30,000        33,263  

5.13%, 3/15/27(b)

        145,000        156,288  

AES Corp.
5.50%, 4/15/25

     50,000        51,750  

6.00%, 5/15/26

     33,000        35,206  

Allison Transmission, Inc.
5.88%, 6/1/29(a)

     50,000        54,866  

AMC Networks, Inc.
5.00%, 4/1/24

     50,000        51,125  

American Axle & Manufacturing, Inc.
6.25%, 4/1/25

     240,000        250,400  

AmeriGas Partners L.P.
5.50%, 5/20/25

     50,000        54,125  

5.88%, 8/20/26

     69,000        76,200  

5.75%, 5/20/27

     241,000        265,057  

Amkor Technology, Inc.
6.63%, 9/15/27(a)

     254,000        280,187  

Aramark Services, Inc.
5.13%, 1/15/24

     123,000        126,479  

4.75%, 6/1/26

     172,000        179,279  

Arconic, Inc.
5.13%, 10/1/24

     100,000        109,071  

Asbury Automotive Group, Inc.
6.00%, 12/15/24

     307,000        317,618  

Ashland LLC
4.75%, 8/15/22

     139,000        145,602  

B&G Foods, Inc.
5.25%, 4/1/25(b)

     283,000        291,607  

Ball Corp.
5.25%, 7/1/25

     121,000        135,016  

Bausch Health Americas, Inc.
9.25%, 4/1/26(a)

     261,000        300,267  

Beacon Roofing Supply, Inc.
4.88%, 11/1/25(a)

     288,000        290,040  

Berry Global, Inc.
5.13%, 7/15/23

     100,000        102,874  

4.50%, 2/15/26(a)(b)

     50,000        51,453  

Boyd Gaming Corp.
6.38%, 4/1/26

     50,000        53,889  

Cablevision Systems Corp.
5.88%, 9/15/22

     39,000        42,092  

California Resources Corp.
8.00%, 12/15/22(a)

     330,000        142,725  

CBL & Associates L.P.
5.95%, 12/15/26(b)

     165,000        99,383  

CCO Holdings LLC
5.13%, 5/1/23(a)

     34,000        34,772  

5.38%, 5/1/25(a)

   50,000      51,729  

5.13%, 5/1/27(a)

     248,000        262,099  

5.00%, 2/1/28(a)

     130,000        136,652  

CDK Global, Inc.
5.00%, 10/15/24

     37,000        40,145  

4.88%, 6/1/27

     150,000        158,786  

CDW LLC
5.00%, 9/1/25

     30,000        31,413  

Cengage Learning, Inc.
9.50%, 6/15/24(a)(b)

     184,000        159,696  

Centene Corp.
4.75%, 5/15/22

     126,000        128,744  

5.38%, 6/1/26(a)

     227,000        241,324  

CenturyLink, Inc.
5.80%, 3/15/22, Series T

     171,000        180,072  

6.75%, 12/1/23, Series W(b)

     36,000        40,260  

7.50%, 4/1/24, Series Y(b)

        208,000        234,954  

5.63%, 4/1/25(b)

     50,000        53,232  

Change Healthcare Holdings LLC
5.75%, 3/1/25(a)

     228,000        234,838  

Chemours Co. (The)
6.63%, 5/15/23(b)

     299,000        300,769  

7.00%, 5/15/25(b)

     135,000        136,294  

Community Health Systems, Inc.
8.00%, 3/15/26(a)

     128,000        132,080  

Clear Channel Worldwide Holdings, Inc.
9.25%, 2/15/24(a)

     115,000        127,602  

Cleveland-Cliffs, Inc.
5.75%, 3/1/25

     234,000        231,514  

5.88%, 6/1/27(a)

     138,000        132,735  

Cloud Crane LLC
10.13%, 8/1/24(a)

     159,000        167,282  

CommScope Technologies LLC
6.00%, 6/15/25(a)

     199,000        199,722  

5.00%, 3/15/27(a)(b)

     119,000        112,160  

CommScope, Inc.
5.50%, 6/15/24(a)

     142,000        144,131  

8.25%, 3/1/27(a)

     127,000        133,902  

Community Health Systems, Inc.
6.25%, 3/31/23

     443,000        450,752  

Consolidated Communications, Inc.
6.50%, 10/1/22(b)

     332,000        301,290  

Coty, Inc.
6.50%, 4/15/26(a)(b)

     86,000        90,732  

Crestwood Midstream Partners L.P.
5.75%, 4/1/25(b)

     140,000        143,499  

Crown Americas LLC
4.75%, 2/1/26

     50,000        52,955  

CSC Holdings LLC
5.25%, 6/1/24

     198,000        213,758  

5.50%, 4/15/27(a)

     200,000        215,140  

5.38%, 2/1/28(a)

     200,000        213,714  

DaVita, Inc.
5.13%, 7/15/24

     123,000        126,331  

5.00%, 5/1/25

     236,000        243,277  

DCP Midstream Operating L.P.
5.38%, 7/15/25

     125,000        136,249  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

Dell International LLC
7.13%, 6/15/24(a)

   $ 50,000      $ 52,813  

Denbury Resources, Inc.
9.00%, 5/15/21(a)

     211,000        204,617  

Diamond Offshore Drilling, Inc.
7.88%, 8/15/25(b)

     108,000        94,230  

4.88%, 11/1/43

     50,000        27,422  

Diamond Resorts International, Inc.
10.75%, 9/1/24(a)

     86,000        90,336  

Diamond Sports Group LLC
5.38%, 8/15/26(a)

     275,000        278,692  

6.63%, 8/15/27(a)(b)

        225,000        219,229  

DISH DBS Corp.
5.13%, 5/1/20

     50,000        50,372  

6.75%, 6/1/21

     126,000        132,838  

5.00%, 3/15/23

     76,000        78,154  

5.88%, 11/15/24(b)

     153,000        156,666  

7.75%, 7/1/26(b)

     257,000        272,739  

DPL, Inc.
7.25%, 10/15/21

     24,000        25,270  

Eldorado Resorts, Inc.
6.00%, 4/1/25

     175,000        184,115  

Encompass Health Corp.
5.75%, 11/1/24

     155,000        157,067  

Energizer Holdings, Inc.
5.50%, 6/15/25(a)(b)

     50,000        51,979  

7.75%, 1/15/27(a)

     200,000        223,880  

Envision Healthcare Corp.
8.75%, 10/15/26(a)

     75,000        46,714  

Equinix, Inc.
5.88%, 1/15/26

     50,000        53,156  

ESH Hospitality, Inc.
5.25%, 5/1/25(a)

     50,000        51,792  

Fidelity & Guaranty Life Holdings, Inc.
5.50%, 5/1/25(a)

     50,000        53,375  

Freeport-McMoRan, Inc.
3.88%, 3/15/23

     276,000        281,607  

4.55%, 11/14/24

     106,000        112,271  

5.40%, 11/14/34

     50,000        52,491  

5.45%, 3/15/43

     100,000        103,760  

Frontier Communications Corp.
7.63%, 4/15/24

     20,000        9,700  

6.88%, 1/15/25

     75,000        36,594  

11.00%, 9/15/25

     352,000        171,600  

8.50%, 4/1/26(a)

     130,000        131,865  

Gartner, Inc.
5.13%, 4/1/25(a)

     50,000        52,167  

GLP Capital L.P.
5.38%, 4/15/26

     50,000        55,363  

Golden Nugget, Inc.
6.75%, 10/15/24(a)

     148,000        153,549  

8.75%, 10/1/25(a)

     199,000        213,301  

Goodyear Tire & Rubber Co. (The)
4.88%, 3/15/27

     50,000        51,843  

Gray Television, Inc.
5.13%, 10/15/24(a)

     166,000        172,571  

5.88%, 7/15/26(a)(b)

   125,000      133,200  

7.00%, 5/15/27(a)

     116,000        129,120  

Griffon Corp.
5.25%, 3/1/22

     50,000        50,312  

GTT Communications, Inc.
7.88%, 12/31/24(a)(b)

     133,000        100,709  

Hanesbrands, Inc.
4.88%, 5/15/26(a)

     276,000        292,726  

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

     147,000        157,605  

5.00%, 3/15/24

     33,000        36,109  

5.25%, 6/15/26

     50,000        56,089  

5.63%, 9/1/28

     213,000        243,129  

5.88%, 2/1/29(b)

        261,000        302,107  

Hilton Worldwide Finance LLC
4.63%, 4/1/25

     40,000        41,217  

4.88%, 4/1/27(b)

     50,000        53,218  

Holly Energy Partners L.P.
6.00%, 8/1/24(a)

     50,000        52,250  

Hologic, Inc.
4.38%, 10/15/25(a)

     104,000        107,597  

Hughes Satellite Systems Corp.
5.25%, 8/1/26

     172,000        189,260  

6.63%, 8/1/26(b)

     155,000        172,491  

Iron Mountain, Inc.
5.75%, 8/15/24

     125,000        126,717  

4.88%, 9/15/27(a)

     50,000        51,741  

5.25%, 3/15/28(a)

     100,000        104,185  

j2 Cloud Services LLC
6.00%, 7/15/25(a)

     150,000        159,313  

JBS USA LUX S.A.
5.75%, 6/15/25(a)

     100,000        103,791  

6.75%, 2/15/28(a)

     121,000        133,930  

Kennedy-Wilson, Inc.
5.88%, 4/1/24

     140,000        143,849  

KFC Holding Co.
4.75%, 6/1/27(a)

     179,000        188,813  

Koppers, Inc.
6.00%, 2/15/25(a)

     50,000        52,500  

L Brands, Inc.
6.88%, 11/1/35(b)

     192,000        172,181  

6.75%, 7/1/36

     156,000        137,296  

Ladder Capital Finance Holdings LLLP
5.25%, 3/15/22(a)

     50,000        52,062  

Lamar Media Corp.
5.38%, 1/15/24

     50,000        51,104  

Lamb Weston Holdings, Inc.
4.63%, 11/1/24(a)

     5,000        5,317  

4.88%, 11/1/26(a)

     127,000        134,855  

Level 3 Financing, Inc.
5.38%, 1/15/24

     124,000        126,376  

5.38%, 5/1/25

     50,000        51,854  

Lions Gate Capital Holdings LLC
6.38%, 2/1/24(a)

     128,000        134,081  

5.88%, 11/1/24(a)

     74,000        74,586  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

LKQ Corp.
4.75%, 5/15/23

   $ 55,000      $ 55,896  

LPL Holdings, Inc.
5.75%, 9/15/25(a)

     50,000        52,437  

Mattel, Inc.
6.75%, 12/31/25(a)

     294,000        316,604  

MDC Partners, Inc.
6.50%, 5/1/24(a)

     224,000        203,280  

MEDNAX, Inc.
5.25%, 12/1/23(a)

     411,000        421,104  

Meredith Corp.
6.88%, 2/1/26

     101,000        105,297  

MGM Growth Properties Operating Partnership L.P.
4.50%, 9/1/26

     128,000        135,017  

MGM Resorts International
4.63%, 9/1/26

     229,000        243,272  

MPT Operating Partnership L.P.
5.25%, 8/1/26

     40,000        42,351  

5.00%, 10/15/27

     125,000        132,816  

MSCI, Inc.
5.38%, 5/15/27(a)

     50,000        53,991  

Nationstar Mortgage LLC
6.50%, 7/1/21

     125,000        125,675  

Navient Corp.
6.63%, 7/26/21

     42,000        44,510  

6.13%, 3/25/24(b)

     197,000        214,236  

5.88%, 10/25/24

     36,000        38,610  

6.75%, 6/25/25(b)

     174,000        192,531  

6.75%, 6/15/26(b)

     187,000        205,878  

NCR Corp.
5.00%, 7/15/22

     175,000        177,078  

Nexstar Broadcasting, Inc.
5.63%, 8/1/24(a)(b)

     221,000        230,853  

NextEra Energy Operating Partners L.P.
4.25%, 9/15/24(a)

     181,000        188,617  

Nielsen Finance LLC
5.00%, 4/15/22(a)

     290,000        291,604  

NortonLifeLock, Inc.
5.00%, 4/15/25(a)

     177,000        180,943  

Novelis Corp.
6.25%, 8/15/24(a)

     50,000        52,562  

5.88%, 9/30/26(a)

        248,000        264,474  

NRG Energy, Inc.
7.25%, 5/15/26

     75,000        82,076  

5.75%, 1/15/28(b)

     60,000        65,211  

Nuance Communications, Inc.
5.63%, 12/15/26(b)

     50,000        53,403  

NuStar Logistics L.P.
5.63%, 4/28/27

     123,000        126,610  

Olin Corp.
5.13%, 9/15/27(b)

     109,000        113,886  

Owens-Brockway Glass Container, Inc.
5.88%, 8/15/23(a)(b)

     50,000        53,479  

Par Pharmaceutical, Inc.
7.50%, 4/1/27(a)

     100,000        99,752  

Party City Holdings, Inc.
6.63%, 8/1/26(a)

   160,000      113,172  

PBF Holding Co. LLC
7.00%, 11/15/23

     75,000        78,031  

7.25%, 6/15/25

     100,000        106,958  

PBF Logistics L.P.
6.88%, 5/15/23

     175,000        180,686  

Peabody Energy Corp.
6.00%, 3/31/22(a)(b)

     166,000        162,265  

6.38%, 3/31/25(a)

     100,000        92,250  

Penske Automotive Group, Inc.
5.50%, 5/15/26

     173,000        181,538  

Pilgrim’s Pride Corp.
5.75%, 3/15/25(a)

     173,000        179,179  

5.88%, 9/30/27(a)

     223,000        241,531  

Pitney Bowes, Inc.
4.13%, 10/1/21

     46,000        46,736  

4.63%, 3/15/24(b)

     181,000        168,707  

Post Holdings, Inc.
5.50%, 3/1/25(a)

     129,000        135,396  

5.00%, 8/15/26(a)

     41,000        43,382  

5.75%, 3/1/27(a)

     222,000        238,611  

5.63%, 1/15/28(a)

     168,000        181,331  

PQ Corp.
6.75%, 11/15/22(a)

     128,000        132,639  

PulteGroup, Inc.
5.50%, 3/1/26

     168,000        188,130  

5.00%, 1/15/27

     193,000        210,625  

Rayonier AM Products, Inc.
5.50%, 6/1/24(a)

     200,000        151,083  

RBS Global, Inc.
4.88%, 12/15/25(a)

     50,000        51,750  

Realogy Group LLC
5.25%, 12/1/21(a)(b)

     134,000        135,641  

4.88%, 6/1/23(a)(b)

     164,000        161,950  

SBA Communications Corp.
4.88%, 9/1/24

     156,000        162,305  

Scientific Games International, Inc.
5.00%, 10/15/25(a)

        232,000        243,310  

8.25%, 3/15/26(a)

     127,000        140,255  

Service Corp. International
4.63%, 12/15/27

     50,000        52,241  

ServiceMaster Co. LLC (The)
5.13%, 11/15/24(a)

     128,000        133,067  

Signature Aviation U.S. Holdings, Inc.
5.38%, 5/1/26(a)

     50,000        52,747  

Sinclair Television Group, Inc.
5.63%, 8/1/24(a)

     71,000        73,189  

Sirius XM Radio, Inc.
5.38%, 7/15/26(a)(b)

     50,000        53,236  

Six Flags Entertainment Corp.
4.88%, 7/31/24(a)

     294,000        305,270  

Spectrum Brands, Inc.
5.75%, 7/15/25

     50,000        52,313  

Springleaf Finance Corp.
7.75%, 10/1/21

     79,000        85,958  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

5.63%, 3/15/23

   $ 137,000      $ 147,960  

6.88%, 3/15/25

     171,000        194,938  

7.13%, 3/15/26

     143,000        165,605  

Steel Dynamics, Inc.
5.13%, 10/1/21

     101,000        101,061  

Suburban Propane Partners L.P.
5.50%, 6/1/24

     50,000        51,500  

SunCoke Energy Partners L.P.
7.50%, 6/15/25(a)

     130,000        125,341  

Sunoco L.P.
4.88%, 1/15/23

     115,000        117,925  

T-Mobile USA, Inc.
6.00%, 3/1/23

        212,000        216,258  

6.50%, 1/15/24

     100,000        103,126  

6.00%, 4/15/24

     35,000        36,225  

5.13%, 4/15/25

     50,000        51,848  

4.75%, 2/1/28

     128,000        134,356  

Tallgrass Energy Partners L.P.
5.50%, 9/15/24(a)

     35,000        35,262  

5.50%, 1/15/28(a)

     200,000        196,464  

Teleflex, Inc.
4.63%, 11/15/27

     75,000        79,624  

Tenet Healthcare Corp.
6.75%, 6/15/23

     300,000        330,238  

4.63%, 7/15/24

     123,000        126,178  

5.13%, 5/1/25

     177,000        182,752  

Tenneco, Inc.
5.00%, 7/15/26(b)

     174,000        160,519  

TransDigm, Inc.
6.50%, 7/15/24

     176,000        181,885  

6.50%, 5/15/25

     10,000        10,421  

6.25%, 3/15/26(a)

     119,000        129,054  

6.38%, 6/15/26

     75,000        79,684  

Transocean, Inc.
9.00%, 7/15/23(a)

     126,000        133,350  

7.50%, 1/15/26(a)

     155,000        153,422  

TreeHouse Foods, Inc.
6.00%, 2/15/24(a)(b)

     69,000        71,645  

Tronox, Inc.
6.50%, 4/15/26(a)(b)

     302,000        311,883  

Tutor Perini Corp.
6.88%, 5/1/25(a)(b)

     129,000        124,807  

U.S. Concrete, Inc.
6.38%, 6/1/24

     50,000        52,292  

United Rentals North America, Inc.
4.63%, 10/15/25

     168,000        173,071  

5.88%, 9/15/26

     208,000        223,657  

5.50%, 5/15/27

     127,000        136,372  

4.88%, 1/15/28

     234,000        244,081  

United States Steel Corp.
6.88%, 8/15/25(b)

     232,000        217,086  

6.25%, 3/15/26(b)

     162,000        138,826  

Uniti Group L.P.
6.00%, 4/15/23(a)

     244,000        234,850  

Vector Group Ltd.
6.13%, 2/1/25(a)

     309,000        304,748  

VeriSign, Inc.
5.25%, 4/1/25

   156,000      172,286  

4.75%, 7/15/27

     181,000        191,290  

Vistra Operations Co. LLC
5.50%, 9/1/26(a)

     100,000        106,232  

W&T Offshore, Inc.
9.75%, 11/1/23(a)

     51,000        48,768  

WellCare Health Plans, Inc.
5.25%, 4/1/25

     50,000        52,125  

5.38%, 8/15/26(a)

     127,000        135,490  

WESCO Distribution, Inc.
5.38%, 12/15/21

     182,000        182,786  

Western Digital Corp.
4.75%, 2/15/26(b)

     463,000        483,546  

Wynn Las Vegas LLC
4.25%, 5/30/23(a)(b)

     75,000        78,735  

5.50%, 3/1/25(a)

     106,000        113,684  

Xerox Corp.
4.13%, 3/15/23

     50,000        51,937  

XPO Logistics, Inc.
6.13%, 9/1/23(a)

     173,000        178,949  

Zayo Group LLC
5.75%, 1/15/27(a)

     400,000        407,639  
     

 

 

 

TOTAL U.S. CORPORATE BONDS

(Cost: $34,536,751)

 

 

     35,336,332  
FOREIGN CORPORATE BONDS – 1.0%

 

Canada – 0.4%

 

Cott Holdings, Inc.
5.50%, 4/1/25(a)

     127,000        132,980  
United Kingdom – 0.6%

 

Avon International Operations, Inc.
7.88%, 8/15/22(a)

     221,000        230,943  

TOTAL FOREIGN CORPORATE BONDS

(Cost: $361,312)

 

 

     363,923  
      Shares          
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 14.8%

 

United States – 14.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 1.58%(c)

     
(Cost: $5,379,275)(d)      5,379,275        5,379,275  

TOTAL INVESTMENTS IN SECURITIES – 112.8%

(Cost: $40,277,338)

 

 

     41,079,530  

Other Assets less Liabilities – (12.8)%

 

     (4,659,282
     

 

 

 
NET ASSETS – 100.0%

 

   $ 36,420,248  
(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 December 31, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2019.

 

(d) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $5,654,082 and the total market value of the collateral held by the Fund was $5,848,494. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $469,219.

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  
U.S. CORPORATE BONDS – 93.4%

 

United States – 93.4%

 

AbbVie, Inc.
2.85%, 5/14/23(a)

   $ 120,000      $ 122,468  

Aetna, Inc.
2.80%, 6/15/23

     15,000        15,253  

Agilent Technologies, Inc.
3.88%, 7/15/23

     87,000        91,352  

Altria Group, Inc.
2.85%, 8/9/22

     97,000        98,905  

2.95%, 5/2/23

     46,000        47,026  

4.00%, 1/31/24

     28,000        29,730  

American Campus Communities Operating Partnership L.P.
3.75%, 4/15/23

     42,000        43,794  

American Electric Power Co., Inc.
2.15%, 11/13/20

     7,000        7,015  

American Express Co.
2.50%, 8/1/22

     39,000        39,478  

3.40%, 2/22/24

     72,000        75,365  

Ameriprise Financial, Inc.
4.00%, 10/15/23

     43,000        46,119  

Amgen, Inc.
3.88%, 11/15/21

     47,000        48,496  

3.63%, 5/22/24

     38,000        40,178  

Analog Devices, Inc.
2.50%, 12/5/21

     10,000        10,077  

Anthem, Inc.
3.13%, 5/15/22

     24,000        24,611  

Apple, Inc.
2.25%, 2/23/21

     84,000        84,518  

2.85%, 5/6/21

     132,000        134,069  

AT&T, Inc.
4.60%, 2/15/21

     50,000        51,162  

3.00%, 2/15/22

     101,000        103,057  

3.80%, 3/15/22

     47,000        48,801  

3.40%, 6/15/22

     51,000        52,626  

3.60%, 2/17/23

     29,000        30,287  

Avnet, Inc.
4.88%, 12/1/22

     51,000        54,055  

Bank of America Corp.
5.00%, 5/13/21

     70,000        73,000  

5.70%, 1/24/22

     87,000        93,396  

3.30%, 1/11/23

     23,000        23,793  

4.13%, 1/22/24

     19,000        20,436  

4.20%, 8/26/24

     77,000        82,735  

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

     114,000        114,389  

Baxter International, Inc.
1.70%, 8/15/21(a)

     22,000        21,974  

Berkshire Hathaway Finance Corp.
4.25%, 1/15/21(a)

     46,000        47,171  

Block Financial LLC
5.50%, 11/1/22

     33,000        35,418  

Boston Scientific Corp.
3.45%, 3/1/24

     12,000        12,564  

BP Capital Markets America, Inc.
2.75%, 5/10/23

   95,000      97,255  

3.79%, 2/6/24

     21,000        22,363  

Bristol-Myers Squibb Co.
2.88%, 8/15/20(b)

     52,000        52,296  

3.25%, 2/20/23(b)

     13,000        13,470  

Broadcom Corp.
2.20%, 1/15/21

     54,000        54,054  

2.65%, 1/15/23

     36,000        36,227  

3.63%, 1/15/24

     65,000        67,409  

Burlington Northern Santa Fe LLC
3.45%, 9/15/21

     126,000        128,900  

3.00%, 3/15/23

     11,000        11,308  

Capital One Financial Corp.
4.75%, 7/15/21

     59,000        61,460  

3.90%, 1/29/24

     73,000        77,477  

Cardinal Health, Inc.
3.20%, 3/15/23

     12,000        12,330  

Celanese U.S. Holdings LLC
5.88%, 6/15/21(a)

     122,000        128,111  

CenterPoint Energy, Inc.
3.85%, 2/1/24

     12,000        12,667  

Cigna Corp.
3.00%, 7/15/23(b)

     23,000        23,521  

Cisco Systems, Inc.
2.60%, 2/28/23(a)

     17,000        17,393  

Citigroup, Inc.
2.70%, 3/30/21

     23,000        23,222  

2.90%, 12/8/21

     25,000        25,418  

2.75%, 4/25/22

     34,000        34,555  

3.75%, 6/16/24

     62,000        65,897  

4.00%, 8/5/24

     35,000        37,510  

CME Group, Inc.
3.00%, 9/15/22(a)

     22,000        22,656  

Coca-Cola Co. (The)
1.88%, 10/27/20(a)

     130,000        130,063  

2.50%, 4/1/23(a)

     17,000        17,394  

3.20%, 11/1/23

     24,000        25,189  

Comcast Cable Communications Holdings, Inc.
9.46%, 11/15/22

     14,000        16,928  

Comcast Corp.
2.75%, 3/1/23

     29,000        29,646  

3.60%, 3/1/24

     13,000        13,791  

Conagra Brands, Inc.
3.20%, 1/25/23

     14,000        14,438  

Consolidated Edison, Inc.
2.00%, 5/15/21

     75,000        75,066  

Constellation Brands, Inc.
3.20%, 2/15/23

     57,000        58,598  

CSX Corp.
3.70%, 11/1/23

     45,000        47,823  

CVS Health Corp.
3.50%, 7/20/22

     25,000        25,818  

2.75%, 12/1/22

     25,000        25,420  

3.70%, 3/9/23

     91,000        94,908  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

2.63%, 8/15/24

   $ 79,000      $ 79,759  

Discover Financial Services
3.85%, 11/21/22

     17,000        17,783  

Duke Energy Corp.
3.55%, 9/15/21

     10,000        10,219  

2.40%, 8/15/22

     32,000        32,336  

DuPont de Nemours, Inc.
4.21%, 11/15/23

     17,000        18,200  

Eastman Chemical Co.
3.60%, 8/15/22

     10,000        10,354  

eBay, Inc.
3.80%, 3/9/22(a)

     77,000        79,625  

2.60%, 7/15/22

     22,000        22,135  

Equifax, Inc.
3.95%, 6/15/23(a)

     8,000        8,408  

Eversource Energy
2.75%, 3/15/22, Series K

     141,000        143,151  

Exelon Corp.
3.50%, 6/1/22

     44,000        45,204  

Express Scripts Holding Co.
2.60%, 11/30/20

     90,000        90,525  

Exxon Mobil Corp.
2.22%, 3/1/21

     155,000        155,949  

2.73%, 3/1/23(a)

     25,000        25,622  

Fifth Third Bancorp
2.60%, 6/15/22

     36,000        36,471  

Fifth Third Bank
3.35%, 7/26/21

     75,000        76,676  

First Horizon National Corp.
3.50%, 12/15/20

     45,000        45,504  

Fiserv, Inc.
2.75%, 7/1/24

     17,000        17,318  

FLIR Systems, Inc.
3.13%, 6/15/21

     90,000        90,752  

Fortune Brands Home & Security, Inc.
4.00%, 9/21/23

     51,000        53,929  

General Dynamics Corp.
2.25%, 11/15/22

     19,000        19,215  

General Mills, Inc.
2.60%, 10/12/22

     28,000        28,438  

General Motors Financial Co., Inc.
3.45%, 1/14/22

     64,000        65,452  

3.70%, 5/9/23

     67,000        69,117  

Georgia Power Co.
2.00%, 9/8/20, Series C

     19,000        18,995  

Gilead Sciences, Inc.
4.40%, 12/1/21

     35,000        36,533  

Hershey Co. (The)
3.38%, 5/15/23(a)

     85,000        89,058  

Hewlett Packard Enterprise Co.
3.60%, 10/15/20

     46,000        46,528  

Honeywell International, Inc.
4.25%, 3/1/21

     13,000        13,399  

HP, Inc.
4.30%, 6/1/21

     36,000        37,087  

HSBC USA, Inc.
2.35%, 3/5/20

   100,000      100,057  

Huntington Bancshares, Inc.
3.15%, 3/14/21

     29,000        29,366  

Intel Corp.
2.88%, 5/11/24

     22,000        22,866  

Intercontinental Exchange, Inc.
2.35%, 9/15/22

     104,000        105,100  

International Business Machines Corp.
2.80%, 5/13/21

     154,000        156,106  

2.85%, 5/13/22

     100,000        102,295  

Interpublic Group of Cos., Inc. (The)
3.75%, 10/1/21

     146,000        150,106  

4.20%, 4/15/24

     21,000        22,625  

JPMorgan Chase & Co.
4.50%, 1/24/22

     135,000        141,795  

2.97%, 1/15/23(a)

     74,000        75,432  

3.88%, 2/1/24

     71,000        75,830  

Juniper Networks, Inc.
4.50%, 3/15/24

     79,000        85,559  

KeyCorp
5.10%, 3/24/21

     27,000        28,027  

Kimco Realty Corp.
3.13%, 6/1/23

     19,000        19,481  

Kroger Co. (The)
3.40%, 4/15/22

     26,000        26,746  

Laboratory Corp. of America Holdings
3.20%, 2/1/22

     26,000        26,602  

Lam Research Corp.
2.80%, 6/15/21

     153,000        154,686  

Las Vegas Sands Corp.
3.20%, 8/8/24

     101,000        104,099  

Lincoln National Corp.
4.00%, 9/1/23

     144,000        153,424  

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

     273,000        274,490  

Macy’s Retail Holdings, Inc.
2.88%, 2/15/23(a)

     16,000        15,961  

3.63%, 6/1/24(a)

     22,000        22,240  

Marathon Petroleum Corp.
5.13%, 3/1/21

     26,000        26,926  

Marriott International, Inc.
2.30%, 1/15/22

     27,000        27,136  

Marsh & McLennan Cos., Inc.
3.30%, 3/14/23

     5,000        5,176  

3.88%, 3/15/24

     21,000        22,416  

McDonald’s Corp.
2.63%, 1/15/22

     31,000        31,456  

McKesson Corp.
2.85%, 3/15/23

     13,000        13,212  

Medtronic, Inc.
3.15%, 3/15/22

     11,000        11,317  

Molson Coors Brewing Co.
2.10%, 7/15/21

     15,000        15,017  

Morgan Stanley
2.50%, 4/21/21

     157,000        158,229  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

5.50%, 7/28/21

   $ 81,000      $ 85,348  

2.75%, 5/19/22

     40,000        40,752  

3.13%, 1/23/23

     62,000        63,779  

3.70%, 10/23/24

     91,000        96,729  

Mosaic Co. (The)
4.25%, 11/15/23

     12,000        12,809  

MPLX L.P.
4.50%, 7/15/23

     47,000        49,980  

NBCUniversal Media LLC
4.38%, 4/1/21

     41,000        42,296  

Newmont Goldcorp Corp.
3.50%, 3/15/22

     148,000        151,959  

NextEra Energy Capital Holdings, Inc.
3.15%, 4/1/24

     38,000        39,434  

Northrop Grumman Corp.
2.55%, 10/15/22

     23,000        23,356  

NVIDIA Corp.
2.20%, 9/16/21

     15,000        15,079  

Occidental Petroleum Corp.
6.95%, 7/1/24

     52,000        61,297  

2.90%, 8/15/24

     60,000        61,045  

Omnicom Group, Inc.
3.65%, 11/1/24

     36,000        38,075  

Oracle Corp.
2.50%, 10/15/22

     26,000        26,491  

3.63%, 7/15/23

     22,000        23,279  

2.95%, 11/15/24

     40,000        41,606  

PepsiCo, Inc.
2.75%, 3/1/23

     25,000        25,711  

Pfizer, Inc.
2.80%, 3/11/22

     48,000        49,028  

Philip Morris International, Inc.
2.38%, 8/17/22

     21,000        21,233  

2.50%, 11/2/22

     60,000        60,908  

Phillips 66
4.30%, 4/1/22

     16,000        16,801  

Public Service Enterprise Group, Inc.
2.65%, 11/15/22

     25,000        25,392  

Republic Services, Inc.
3.55%, 6/1/22

     25,000        25,836  

Reynolds American, Inc.
4.00%, 6/12/22

     26,000        27,073  

4.85%, 9/15/23

     24,000        26,038  

Roper Technologies, Inc.
3.13%, 11/15/22

     10,000        10,255  

Santander Holdings USA, Inc.
3.40%, 1/18/23

     25,000        25,649  

Sempra Energy
2.90%, 2/1/23

     32,000        32,656  

Starbucks Corp.
3.10%, 3/1/23(a)

     13,000        13,415  

Synchrony Financial
2.70%, 2/3/20

     95,000        95,034  

4.25%, 8/15/24

     44,000        46,991  

Tech Data Corp.
3.70%, 2/15/22

     30,000        30,676  

Toyota Motor Credit Corp.
3.30%, 1/12/22

   36,000      37,041  

Truist Bank
3.20%, 4/1/24

     46,000        47,893  

Truist Financial Corp.
2.50%, 8/1/24

     65,000        65,898  

TWDC Enterprises 18 Corp.
2.45%, 3/4/22

     7,000        7,102  

2.35%, 12/1/22

     26,000        26,404  

Tyson Foods, Inc.
3.95%, 8/15/24(a)

     14,000        15,022  

Union Pacific Corp.
3.15%, 3/1/24

     22,000        22,918  

United Parcel Service, Inc.
3.13%, 1/15/21

     73,000        73,888  

United Technologies Corp.
3.10%, 6/1/22

     27,000        27,712  

3.65%, 8/16/23

     33,000        34,816  

UnitedHealth Group, Inc.
2.38%, 8/15/24

     50,000        50,697  

Verizon Communications, Inc.
5.15%, 9/15/23

     34,000        37,827  

3.50%, 11/1/24(a)

     31,000        32,894  

ViacomCBS, Inc.
4.50%, 3/1/21(a)

     45,000        46,254  

2.50%, 2/15/23(a)

     28,000        28,194  

Walgreen Co.
3.10%, 9/15/22

     12,000        12,255  

Walgreens Boots Alliance, Inc.
3.80%, 11/18/24

     43,000        44,851  

Walmart, Inc.
3.40%, 6/26/23

     22,000        23,146  

Wells Fargo & Co.
4.60%, 4/1/21

     64,000        66,092  

3.75%, 1/24/24

     122,000        129,070  

3.30%, 9/9/24

     123,000        128,988  

WestRock RKT LLC
4.90%, 3/1/22

     9,000        9,485  
     

 

 

 

TOTAL U.S. CORPORATE BONDS

(Cost: $9,375,333)

 

 

     9,485,876  
FOREIGN CORPORATE BONDS – 4.8%

 

Germany – 2.4%

 

Deutsche Bank AG
2.70%, 7/13/20

     36,000        36,029  

4.25%, 10/14/21

     100,000        102,879  

3.70%, 5/30/24

     100,000        101,565  
     

 

 

 
Total Germany

 

     240,473  
Switzerland – 1.1%

 

ABB Finance USA, Inc.
3.38%, 4/3/23

     28,000        29,126  

Novartis Capital Corp.
2.40%, 5/17/22(a)

     20,000        20,292  

2.40%, 9/21/22

     62,000        63,021  
     

 

 

 
Total Switzerland

 

     112,439  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  
United Kingdom – 1.3%

 

BAT Capital Corp.
3.22%, 8/15/24

   $ 78,000      $ 79,836  

GlaxoSmithKline Capital, Inc.
3.38%, 5/15/23

     56,000        58,442  
     

 

 

 
Total United Kingdom

 

     138,278  

TOTAL FOREIGN CORPORATE BONDS

(Cost: $483,184)

 

 

     491,190  
U.S. GOVERNMENT OBLIGATIONS – 0.4%

 

U.S. Treasury Note – 0.4%

 

U.S. Treasury Note
2.63%, 8/31/20

     
(Cost: $40,951)      41,000        41,265  
      Shares          
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.6%

 

United States – 6.6%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 1.58%(c)

     
(Cost: $664,285)(d)      664,285        664,285  

TOTAL INVESTMENTS IN SECURITIES – 105.2%

(Cost: $10,563,753)

 

 

     10,682,616  

Other Assets less Liabilities – (5.2)%

 

     (527,134
     

 

 

 
NET ASSETS – 100.0%

 

   $ 10,155,482  
(a) 

Security, or portion thereof, was on loan at December 31, 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 December 31, 2019.

 

(d) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $645,256 and the total market value of the collateral held by the Fund was $664,285.

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  
U.S. CORPORATE BONDS – 96.3%

 

United States – 96.3%

 

Acadia Healthcare Co., Inc.
5.63%, 2/15/23

   $ 150,000      $ 152,750  

ADT Security Corp. (The)
6.25%, 10/15/21

     125,000        132,103  

4.13%, 6/15/23

     67,000        69,233  

AECOM
5.88%, 10/15/24

     150,000        166,316  

AES Corp.
4.88%, 5/15/23

     192,000        195,280  

AMC Networks, Inc.
5.00%, 4/1/24

     150,000        153,375  

American Airlines Group, Inc.
5.00%, 6/1/22(a)

     200,000        209,500  

American Axle & Manufacturing, Inc.
6.63%, 10/15/22(b)

     190,000        193,147  

Aramark Services, Inc.
5.13%, 1/15/24

     50,000        51,414  

Arconic, Inc.
5.40%, 4/15/21

     190,000        195,944  

Ashland LLC
4.75%, 8/15/22

     50,000        52,375  

Berry Global, Inc.
5.50%, 5/15/22

     242,000        245,326  

Cablevision Systems Corp.
5.88%, 9/15/22

     311,000        335,656  

California Resources Corp.
8.00%, 12/15/22(a)

     200,000        86,500  

CCO Holdings LLC
5.13%, 2/15/23

     145,000        146,992  

4.00%, 3/1/23(a)

     177,000        179,874  

CenturyLink, Inc.
5.80%, 3/15/22, Series T

     293,000        308,544  

7.50%, 4/1/24, Series Y(b)

     100,000        112,959  

Chemours Co. (The)
6.63%, 5/15/23(b)

     100,000        100,592  

Cinemark USA, Inc.
4.88%, 6/1/23

     50,000        50,937  

Clear Channel Worldwide Holdings, Inc.
9.25%, 2/15/24(a)

     390,000        432,738  

Cleveland-Cliffs, Inc.
4.88%, 1/15/24(a)

     75,000        76,809  

Cogent Communications Group, Inc.
5.38%, 3/1/22(a)

     228,000        238,901  

CommScope, Inc.
5.00%, 6/15/21(a)

     23,000        23,078  

Community Health Systems, Inc.
5.13%, 8/1/21(b)

     199,000        199,448  

6.25%, 3/31/23

     277,000        281,847  

8.63%, 1/15/24(a)(b)

     100,000        106,249  

Consolidated Communications, Inc.
6.50%, 10/1/22(b)

     206,000        186,945  

Crestwood Midstream Partners L.P.
6.25%, 4/1/23

     270,000        275,963  

Crown Americas LLC
4.50%, 1/15/23

   150,000      158,061  

CSC Holdings LLC
6.75%, 11/15/21

     166,000        179,031  

CVR Partners L.P.
9.25%, 6/15/23(a)

     75,000        78,500  

DCP Midstream Operating L.P.
3.88%, 3/15/23(b)

     50,000        51,250  

Dell International LLC
5.88%, 6/15/21(a)

     165,000        167,785  

Denbury Resources, Inc.
9.00%, 5/15/21(a)

     150,000        145,463  

9.25%, 3/31/22(a)

     142,000        134,234  

Diamond Resorts International, Inc.
7.75%, 9/1/23(a)

     171,000        176,310  

DISH DBS Corp.
5.13%, 5/1/20

     50,000        50,372  

6.75%, 6/1/21

     100,000        105,427  

5.88%, 7/15/22

     198,000        210,232  

5.00%, 3/15/23

     268,000        275,595  

DPL, Inc.
7.25%, 10/15/21

     2,000        2,106  

Edgewell Personal Care Co.
4.70%, 5/24/22

     174,000        180,959  

EMC Corp.
3.38%, 6/1/23

     205,000        209,610  

Endo Finance LLC
5.38%, 1/15/23(a)

     153,000        103,594  

Ferrellgas L.P.
6.75%, 1/15/22

     145,000        123,658  

Forum Energy Technologies, Inc.
6.25%, 10/1/21

     225,000        199,215  

Freeport-McMoRan, Inc.
3.55%, 3/1/22

     250,000        253,570  

3.88%, 3/15/23

     301,000        307,115  

Frontier Communications Corp.
8.75%, 4/15/22

     50,000        24,266  

10.50%, 9/15/22

     200,000        98,062  

7.13%, 1/15/23

     301,000        147,490  

Gap, Inc. (The)
5.95%, 4/12/21

     50,000        51,956  

Genworth Holdings, Inc.
7.63%, 9/24/21

     140,000        147,791  

4.90%, 8/15/23

     140,000        139,008  

Goodyear Tire & Rubber Co. (The)
5.13%, 11/15/23(b)

     225,000        229,410  

Griffon Corp.
5.25%, 3/1/22

     327,000        329,041  

Hanesbrands, Inc.
4.63%, 5/15/24(a)

     50,000        52,833  

HCA Healthcare, Inc.
6.25%, 2/15/21

     69,000        72,088  

HCA, Inc.
7.50%, 2/15/22

     43,000        47,592  

5.88%, 5/1/23

     180,000        199,304  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

Hughes Satellite Systems Corp.
7.63%, 6/15/21

   $ 53,000      $ 56,724  

6.63%, 8/1/26(b)

     50,000        55,642  

Huntsman International LLC
5.13%, 11/15/22

     70,000        74,817  

KB Home
7.63%, 5/15/23

     100,000        112,292  

Kennedy-Wilson, Inc.
5.88%, 4/1/24

     75,000        77,062  

L Brands, Inc.
5.63%, 10/15/23

     243,000        262,643  

Lamar Media Corp.
5.38%, 1/15/24

     30,000        30,663  

Lee Enterprises, Inc.
9.50%, 3/15/22(a)(b)

     30,000        27,984  

Lennar Corp.
4.75%, 11/15/22

     75,000        78,884  

Level 3 Financing, Inc.
5.38%, 8/15/22

     144,000        144,569  

5.63%, 2/1/23

     145,000        145,796  

Lions Gate Capital Holdings LLC
6.38%, 2/1/24(a)

     60,000        62,851  

5.88%, 11/1/24(a)

     125,000        125,989  

Martin Midstream Partners L.P.
7.25%, 2/15/21

     274,000        250,135  

MDC Partners, Inc.
6.50%, 5/1/24(a)

     100,000        90,750  

MEDNAX, Inc.
5.25%, 12/1/23(a)

     100,000        102,459  

Men’s Wearhouse, Inc. (The)
7.00%, 7/1/22(b)

     192,000        183,900  

MGM Growth Properties Operating Partnership L.P.
5.63%, 5/1/24

     250,000        273,956  

MGM Resorts International
6.00%, 3/15/23

     315,000        346,369  

Molina Healthcare, Inc.
5.38%, 11/15/22

     194,000        206,563  

Navient Corp.
6.50%, 6/15/22

     199,000        216,164  

5.50%, 1/25/23

     118,000        126,260  

7.25%, 9/25/23

     147,000        166,480  

6.13%, 3/25/24(b)

     100,000        108,749  

NCR Corp.
5.00%, 7/15/22

     423,000        428,023  

Newmark Group, Inc.
6.13%, 11/15/23

     241,000        265,939  

NextEra Energy Operating Partners L.P.
4.25%, 7/15/24(a)

     150,000        156,500  

Nielsen Finance LLC
5.00%, 4/15/22(a)

     327,000        328,808  

PBF Holding Co. LLC
7.00%, 11/15/23

     220,000        228,891  

PBF Logistics L.P.
6.88%, 5/15/23

     260,000        268,447  

Peabody Energy Corp.
6.00%, 3/31/22(a)(b)

   302,000      295,205  

Pitney Bowes, Inc.
4.13%, 10/1/21

     49,000        49,784  

4.63%, 5/15/22

     161,000        162,258  

5.20%, 4/1/23

     262,000        258,834  

Plantronics, Inc.
5.50%, 5/31/23(a)

     150,000        146,999  

PolyOne Corp.
5.25%, 3/15/23

     50,000        54,005  

PQ Corp.
6.75%, 11/15/22(a)

     50,000        51,812  

Prestige Brands, Inc.
6.38%, 3/1/24(a)

     175,000        182,365  

Realogy Group LLC
4.88%, 6/1/23(a)(b)

     234,000        231,075  

Rite Aid Corp.
6.13%, 4/1/23(a)

     125,000        115,313  

RR Donnelley & Sons Co.
7.88%, 3/15/21

     16,000        16,606  

Sabre GLBL, Inc.
5.38%, 4/15/23(a)

     175,000        179,652  

Sealed Air Corp.
4.88%, 12/1/22(a)

     193,000        204,881  

SESI LLC
7.13%, 12/15/21(b)

     50,000        42,770  

Sirius XM Radio, Inc.
3.88%, 8/1/22(a)

     172,000        176,084  

4.63%, 5/15/23(a)

     43,000        43,735  

Springleaf Finance Corp.
6.13%, 5/15/22

     429,000        461,711  

Steel Dynamics, Inc.
5.13%, 10/1/21

     46,000        46,028  

5.25%, 4/15/23

     85,000        86,663  

T-Mobile USA, Inc.
4.00%, 4/15/22

     150,000        153,936  

TEGNA, Inc.
6.38%, 10/15/23

     75,000        77,344  

Tenet Healthcare Corp.
8.13%, 4/1/22

     271,000        300,276  

6.75%, 6/15/23

     225,000        247,679  

Titan International, Inc.
6.50%, 11/30/23

     134,000        114,961  

Toll Brothers Finance Corp.
5.88%, 2/15/22

     76,000        80,584  

4.38%, 4/15/23

     125,000        130,989  

TreeHouse Foods, Inc.
6.00%, 2/15/24(a)(b)

     100,000        103,834  

Vista Outdoor, Inc.
5.88%, 10/1/23

     131,000        125,776  

Vistra Energy Corp.
5.88%, 6/1/23

     150,000        153,830  

Wynn Las Vegas LLC
4.25%, 5/30/23(a)(b)

     50,000        52,490  

XPO Logistics, Inc.
6.13%, 9/1/23(a)

     119,000        123,092  

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2019

 

 

 

Investments    Principal
Amount
     Value  

Zayo Group LLC
6.00%, 4/1/23

   $ 315,000      $ 322,744  
     

 

 

 

TOTAL U.S. CORPORATE BONDS

(Cost: $19,255,425)

 

 

     19,409,347  
FOREIGN CORPORATE BONDS – 1.2%

 

Israel – 0.1%

 

Teva Pharmaceutical Finance IV LLC
2.25%, 3/18/20

     30,000        30,053  
United Kingdom – 1.1%

 

Avon International Operations, Inc.
7.88%, 8/15/22(a)

     207,000        216,314  

TOTAL FOREIGN CORPORATE BONDS

(Cost: $241,513)

 

 

     246,367  
      Shares          
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.1%

 

United States – 9.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 1.58%(c)

     
(Cost: $1,841,183)(d)      1,841,183        1,841,183  

TOTAL INVESTMENTS IN SECURITIES – 106.6%

(Cost: $21,338,121)

 

 

     21,496,897  

Other Assets less Liabilities – (6.6)%

 

     (1,337,528
     

 

 

 
NET ASSETS – 100.0%

 

   $ 20,159,369  
(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 December 31, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2019.

 

(d) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,866,936 and the total market value of the collateral held by the Fund was $1,934,487. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $93,304.

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2019

 

Investments    Principal
Amount
     Value  
U.S. GOVERNMENT OBLIGATIONS – 114.0%

 

U.S. Treasury Bills – 114.0%

 

U.S. Treasury Bills

 

1.54%, 1/2/20*

   $ 706,000      $ 706,000  

1.57%, 1/2/20*

     14,000        14,000  

1.50%, 2/4/20*

     223,000        222,681  

1.58%, 2/6/20*

     534,000        533,229  

1.51%, 2/11/20*

     246,000        245,595  

1.57%, 2/13/20*

     558,000        557,035  

1.50%, 2/18/20*

     235,000        234,544  

1.54%, 2/20/20*

     269,000        268,447  

1.58%, 2/20/20*

     283,000        282,418  

1.50%, 2/27/20*

     259,000        258,394  

1.57%, 2/27/20*

     458,000        456,928  

1.49%, 3/5/20*

     533,000        531,603  

1.51%, 3/12/20*

     533,000        531,448  

1.49%, 3/19/20*

     532,000        530,320  

1.53%, 3/26/20*

     431,000        429,489  

TOTAL INVESTMENTS IN SECURITIES – 114.0%

(Cost: $5,801,903)

 

 

     5,802,131  

Other Assets less Liabilities – (14.0)%

 

     (711,579
     

 

 

 
NET ASSETS – 100.0%

 

   $ 5,090,552  
* 

Interest rate shown reflects the yield to maturity at the time of purchase.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
TOTAL RETURN SWAPS – SHORT EXPOSURE TO REFERENCE ENTITY (OTC – OVER THE COUNTER)  
Fund Pays Total
Return of
Reference Entity
  Fund Receives
Variable Rate
(per annum)
  Counterparty   Termination
Date
    Notional
Value
    Upfront
Premiums
Paid
    Upfront
Premiums
Received
    Unrealized
Appreciation
    Unrealized
Depreciation
 
S&P 500 Index   2.03% (1-Month London Interbank Offered Rate plus 0.31%), Monthly   Bank of America Merrill Lynch     10/2/20     $ 1,277,946     $     $     $     $ (54,366
S&P 500 Index   2.05% (1-Month London Interbank Offered Rate plus 0.40%), Monthly   Citigroup, Inc.     10/2/20       1,271,393                         (54,073
S&P 500 Index   2.00% (1-Month London Interbank Offered Rate plus 0.38%), Monthly   Goldman Sachs     10/2/20       511,178                         (21,757
S&P 500 Index   2.00% (1-Month London Interbank Offered Rate plus 0.40%), Monthly   Morgan Stanley & Co.     10/2/20       504,625                         (21,478
S&P 500 Index   1.95% (1-Month London Interbank Offered Rate plus 0.45%), Monthly   Royal Bank of Canada     11/4/20       504,625                         (21,497
                    $ 4,069,767     $     $     $     $ (173,171

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.8%

 

Aerospace & Defense – 0.9%

 

Lockheed Martin Corp.

     824      $ 320,849  
Air Freight & Logistics – 1.3%

 

C.H. Robinson Worldwide, Inc.

     5,816        454,811  
Airlines – 0.6%

 

Delta Air Lines, Inc.

     3,938        230,294  
Banks – 2.3%

 

Comerica, Inc.

     3,575        256,506  

SVB Financial Group*

     984        247,024  

Western Alliance Bancorp

     5,094        290,358  
     

 

 

 
Total Banks

 

     793,888  
Beverages – 0.7%

 

Brown-Forman Corp. Class B

     3,637        245,861  
Biotechnology – 3.1%

 

Alexion Pharmaceuticals, Inc.*

     1,762        190,560  

Arena Pharmaceuticals, Inc.*

     4,252        193,126  

Biogen, Inc.*

     972        288,422  

Gilead Sciences, Inc.

     6,600        428,868  
     

 

 

 
Total Biotechnology

 

     1,100,976  
Capital Markets – 0.9%

 

E*TRADE Financial Corp.

     6,811        309,015  
Chemicals – 1.0%

 

Chemours Co. (The)(a)

     18,745        339,097  
Communications Equipment – 3.5%

 

Arista Networks, Inc.*

     661        134,447  

Cisco Systems, Inc.

     7,602        364,592  

Motorola Solutions, Inc.

     3,104        500,179  

Ubiquiti, Inc.(a)

     1,251        236,414  
     

 

 

 
Total Communications Equipment

 

     1,235,632  
Consumer Finance – 3.5%

 

Discover Financial Services

     2,987        253,357  

Navient Corp.

     17,535        239,879  

OneMain Holdings, Inc.

     5,619        236,841  

SLM Corp.

     26,076        232,337  

Synchrony Financial

     7,112        256,103  
     

 

 

 
Total Consumer Finance

 

     1,218,517  
Diversified Consumer Services – 0.6%

 

H&R Block, Inc.

     9,424        221,276  
Diversified Telecommunication Services – 2.1%

 

CenturyLink, Inc.

     14,418        190,462  

Verizon Communications, Inc.

     9,097        558,556  
     

 

 

 
Total Diversified Telecommunication Services

 

     749,018  
Electric Utilities – 1.5%

 

PPL Corp.

     14,290        512,725  
Electronic Equipment, Instruments & Components – 2.5%

 

Amphenol Corp. Class A

     3,868        418,634  

Vishay Intertechnology, Inc.

     10,438        222,225  

Zebra Technologies Corp. Class A*

     905      231,173  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     872,032  
Entertainment – 1.6%

 

Activision Blizzard, Inc.

     4,861        288,840  

Electronic Arts, Inc.*

     2,723        292,750  
     

 

 

 
Total Entertainment

 

     581,590  
Equity Real Estate Investment Trusts (REITs) – 6.7%

 

Equity Commonwealth

     30,989        1,017,369  

Lexington Realty Trust

     33,601        356,843  

Medical Properties Trust, Inc.

     29,702        627,009  

Vornado Realty Trust

     5,157        342,940  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     2,344,161  
Food Products – 2.4%

 

Hormel Foods Corp.

     18,636        840,670  
Gas Utilities – 0.9%

 

National Fuel Gas Co.

     6,758        314,517  
Health Care Equipment & Supplies – 0.6%

 

Integer Holdings Corp.*

     2,711        218,046  
Health Care Providers & Services – 6.3%

 

Anthem, Inc.

     2,011        607,382  

HCA Healthcare, Inc.

     2,629        388,592  

Humana, Inc.

     1,681        616,120  

Molina Healthcare, Inc.*

     1,743        236,508  

Universal Health Services, Inc. Class B

     2,491        357,359  
     

 

 

 
Total Health Care Providers & Services

 

     2,205,961  
Hotels, Restaurants & Leisure – 2.1%

 

Cracker Barrel Old Country Store, Inc.

     2,751        422,939  

Las Vegas Sands Corp.

     4,634        319,931  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     742,870  
Household Products – 3.2%

 

Clorox Co. (The)

     1,631        250,424  

Colgate-Palmolive Co.

     3,159        217,466  

Kimberly-Clark Corp.

     2,030        279,226  

WD-40 Co.

     1,962        380,903  
     

 

 

 
Total Household Products

 

     1,128,019  
Independent Power & Renewable Electricity Producers – 1.1%

 

AES Corp.

     19,213        382,339  
Industrial Conglomerates – 0.9%

 

3M Co.

     1,712        302,031  
Insurance – 1.0%

 

MetLife, Inc.

     6,887        351,030  
Interactive Media & Services – 3.1%

 

Alphabet, Inc. Class A*

     373        499,592  

Twitter, Inc.*

     18,000        576,900  
     

 

 

 
Total Interactive Media & Services

 

     1,076,492  
Internet & Direct Marketing Retail – 0.8%

 

eBay, Inc.

     7,837        282,994  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2019

 

 

 

Investments    Shares      Value  
IT Services – 4.0%

 

Cognizant Technology Solutions Corp. Class A

     5,666      $ 351,406  

EPAM Systems, Inc.*

     1,270        269,443  

Western Union Co. (The)(a)

     28,835        772,201  
     

 

 

 
Total IT Services

 

     1,393,050  
Life Sciences Tools & Services – 1.0%

 

Bio-Rad Laboratories, Inc. Class A*

     919        340,058  
Machinery – 1.9%

 

Cummins, Inc.

     1,733        310,138  

Illinois Tool Works, Inc.

     2,010        361,056  
     

 

 

 
Total Machinery

 

     671,194  
Media – 6.0%

 

AMC Networks, Inc. Class A*

     6,400        252,800  

Interpublic Group of Cos., Inc. (The)

     19,349        446,962  

Omnicom Group, Inc.

     12,497        1,012,507  

Sinclair Broadcast Group, Inc. Class A

     5,046        168,233  

TEGNA, Inc.

     14,342        239,368  
     

 

 

 
Total Media

 

     2,119,870  
Metals & Mining – 1.8%

 

Steel Dynamics, Inc.

     18,255        621,400  
Multiline Retail – 1.1%

 

Nordstrom, Inc.

     9,606        393,174  
Oil, Gas & Consumable Fuels – 3.7%

 

CVR Energy, Inc.

     6,492        262,472  

Delek U.S. Holdings, Inc.

     6,494        217,744  

Equitrans Midstream Corp.(a)

     19,465        260,052  

Occidental Petroleum Corp.

     13,337        549,618  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     1,289,886  
Pharmaceuticals – 2.4%

 

Bristol-Myers Squibb Co.

     13,087        840,055  
Professional Services – 0.6%

 

Robert Half International, Inc.

     3,516        222,035  
Semiconductors & Semiconductor Equipment – 4.8%

 

Entegris, Inc.

     4,414        221,097  

Intel Corp.

     8,798        526,560  

KLA Corp.

     1,299        231,443  

Maxim Integrated Products, Inc.

     4,549        279,809  

Teradyne, Inc.

     3,000        204,570  

Xilinx, Inc.

     2,249        219,885  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     1,683,364  
Software – 9.5%

 

Aspen Technology, Inc.*

     1,798        217,432  

Cadence Design Systems, Inc.*

     4,037        280,006  

Citrix Systems, Inc.

     6,577        729,389  

Fortinet, Inc.*

     3,059        326,579  

Microsoft Corp.

     4,275        674,168  

Oracle Corp.

     6,629        351,204  

Qualys, Inc.*

     4,812        401,177  

VMware, Inc. Class A*

     2,311        350,787  
     

 

 

 
Total Software

 

     3,330,742  
Specialty Retail – 0.7%

 

Best Buy Co., Inc.

     2,930      257,254  
Technology Hardware, Storage & Peripherals – 0.6%

 

NetApp, Inc.

     3,546        220,739  
Textiles, Apparel & Luxury Goods – 2.1%

 

Carter’s, Inc.

     2,938        321,241  

Hanesbrands, Inc.

     12,976        192,693  

Tapestry, Inc.

     8,637        232,940  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     746,874  
Thrifts & Mortgage Finance – 1.5%

 

MGIC Investment Corp.

     18,887        267,629  

Radian Group, Inc.

     10,012        251,902  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     519,531  
Tobacco – 0.5%

 

Philip Morris International, Inc.

     2,123        180,646  
Trading Companies & Distributors – 2.4%

 

Fastenal Co.

     5,313        196,315  

MSC Industrial Direct Co., Inc. Class A

     3,039        238,470  

Watsco, Inc.

     2,338        421,191  
     

 

 

 
Total Trading Companies & Distributors

 

     855,976  

TOTAL COMMON STOCKS

(Cost: $33,654,405)

 

 

     35,060,559  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5%

 

United States – 1.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 1.58%(b)

     
(Cost: $529,220)(c)      529,220        529,220  

TOTAL INVESTMENTS IN SECURITIES – 101.3%

(Cost: $34,183,625)

 

 

     35,589,779  

Other Assets less Liabilities – (1.3)%

 

     (462,708
     

 

 

 
NET ASSETS – 100.0%

 

   $ 35,127,071  
*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of December 31, 2019.

 

(c) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,439,987 and the total market value of the collateral held by the Fund was $1,473,658. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $944,438.

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree 90/60 U.S. Balanced Fund (NTSX)

December 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 91.6%      
Argentina – 0.1%      
Internet & Direct Marketing Retail – 0.1%      

MercadoLibre, Inc.*

     45      $ 25,737  
China – 0.1%

 

Hotels, Restaurants & Leisure – 0.1%

 

Yum China Holdings, Inc.

     837        40,184  
Israel – 0.1%

 

Software – 0.1%

 

Check Point Software Technologies Ltd.*

     225        24,966  
Netherlands – 0.1%

 

Semiconductors & Semiconductor Equipment – 0.1%

 

NXP Semiconductors N.V.

     529        67,321  
Peru – 0.0%

 

Banks – 0.0%

 

Credicorp Ltd.

     33        7,033  
Russia – 0.1%

 

Interactive Media & Services – 0.1%

 

Yandex N.V. Class A*

     630        27,399  
United Kingdom – 0.4%

 

Beverages – 0.0%

 

Coca-Cola European Partners PLC

     271        13,788  
Chemicals – 0.4%

 

Linde PLC

     830        176,707  
Energy Equipment & Services – 0.0%

 

TechnipFMC PLC

     243        5,210  
Total United Kingdom

 

     195,705  
United States – 90.7%

 

Aerospace & Defense – 2.2%

 

Arconic, Inc.

     630        19,385  

Boeing Co. (The)

     840        273,638  

General Dynamics Corp.

     330        58,196  

L3Harris Technologies, Inc.

     288        56,987  

Lockheed Martin Corp.

     374        145,628  

Northrop Grumman Corp.

     240        82,553  

Raytheon Co.

     390        85,699  

Teledyne Technologies, Inc.*

     13        4,505  

TransDigm Group, Inc.

     60        33,600  

United Technologies Corp.

     1,573        235,572  
     

 

 

 
Total Aerospace & Defense

 

     995,763  
Air Freight & Logistics – 0.5%

 

C.H. Robinson Worldwide, Inc.

     140        10,948  

Expeditors International of Washington, Inc.

     225        17,554  

FedEx Corp.

     362        54,738  

United Parcel Service, Inc. Class B

     1,109        129,820  
     

 

 

 
Total Air Freight & Logistics

 

     213,060  
Airlines – 0.3%

 

American Airlines Group, Inc.

     409        11,730  

Delta Air Lines, Inc.

     924        54,036  

Southwest Airlines Co.

     688        37,138  

United Airlines Holdings, Inc.*

     360      31,712  
     

 

 

 
Total Airlines

 

     134,616  
Auto Components – 0.1%

 

Aptiv PLC

     375        35,614  
Automobiles – 0.4%

 

Ford Motor Co.

     5,595        52,034  

General Motors Co.

     1,653        60,500  

Tesla, Inc.*

     150        62,749  
     

 

 

 
Total Automobiles

 

     175,283  
Banks – 5.4%

 

Bank of America Corp.

     13,389        471,561  

Citigroup, Inc.

     3,617        288,962  

Citizens Financial Group, Inc.

     810        32,894  

Comerica, Inc.

     194        13,919  

Fifth Third Bancorp

     1,170        35,966  

First Republic Bank

     140        16,443  

Huntington Bancshares, Inc.

     1,935        29,180  

JPMorgan Chase & Co.

     4,858        677,205  

KeyCorp

     1,980        40,075  

M&T Bank Corp.

     195        33,101  

PNC Financial Services Group, Inc. (The)

     675        107,750  

Regions Financial Corp.

     1,770        30,373  

SVB Financial Group*

     75        18,828  

Truist Financial Corp.

     2,125        119,680  

U.S. Bancorp

     2,330        138,146  

Wells Fargo & Co.

     6,572        353,574  
     

 

 

 
Total Banks

 

     2,407,657  
Beverages – 1.7%

 

Brown-Forman Corp. Class B

     374        25,282  

Coca-Cola Co. (The)

     6,239        345,329  

Constellation Brands, Inc. Class A

     240        45,540  

Molson Coors Brewing Co. Class B

     285        15,362  

Monster Beverage Corp.*

     615        39,083  

PepsiCo, Inc.

     2,234        305,321  
     

 

 

 
Total Beverages

 

     775,917  
Biotechnology – 1.8%

 

AbbVie, Inc.

     2,183        193,283  

Alexion Pharmaceuticals, Inc.*

     204        22,063  

Amgen, Inc.

     870        209,731  

Biogen, Inc.*

     270        80,117  

BioMarin Pharmaceutical, Inc.*

     234        19,785  

Exact Sciences Corp.*

     210        19,421  

Gilead Sciences, Inc.

     1,773        115,209  

Incyte Corp.*

     300        26,196  

Regeneron Pharmaceuticals, Inc.*

     92        34,544  

Seattle Genetics, Inc.*

     87        9,941  

Vertex Pharmaceuticals, Inc.*

     270        59,116  
     

 

 

 
Total Biotechnology

 

     789,406  
Building Products – 0.2%

 

Allegion PLC

     39        4,857  

Johnson Controls International PLC

     1,498        60,983  

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree 90/60 U.S. Balanced Fund (NTSX)

December 31, 2019

 

 

 

Investments    Shares      Value  

Masco Corp.

     540      $ 25,915  
     

 

 

 
Total Building Products

 

     91,755  
Capital Markets – 2.4%

 

Ameriprise Financial, Inc.

     225        37,480  

Bank of New York Mellon Corp. (The)

     1,305        65,681  

BlackRock, Inc.

     180        90,486  

Charles Schwab Corp. (The)

     1,503        71,483  

CME Group, Inc.

     464        93,134  

FactSet Research Systems, Inc.

     15        4,024  

Goldman Sachs Group, Inc. (The)

     570        131,060  

Intercontinental Exchange, Inc.

     825        76,354  

MarketAxess Holdings, Inc.

     12        4,549  

Moody’s Corp.

     302        71,698  

Morgan Stanley

     2,188        111,851  

MSCI, Inc.

     165        42,600  

Nasdaq, Inc.

     64        6,854  

Northern Trust Corp.

     330        35,059  

Raymond James Financial, Inc.

     210        18,787  

S&P Global, Inc.

     375        102,394  

State Street Corp.

     631        49,912  

T. Rowe Price Group, Inc.

     330        40,207  
     

 

 

 
Total Capital Markets

 

     1,053,613  
Chemicals – 1.2%

 

Air Products & Chemicals, Inc.

     315        74,022  

Celanese Corp.

     286        35,212  

CF Industries Holdings, Inc.

     288        13,749  

Corteva, Inc.*

     669        19,776  

Dow, Inc.*

     909        49,750  

DuPont de Nemours, Inc.

     1,006        64,585  

Eastman Chemical Co.

     54        4,280  

Ecolab, Inc.

     404        77,968  

FMC Corp.

     240        23,957  

International Flavors & Fragrances, Inc.

     120        15,482  

LyondellBasell Industries N.V. Class A

     474        44,784  

PPG Industries, Inc.

     360        48,056  

Sherwin-Williams Co. (The)

     120        70,025  
     

 

 

 
Total Chemicals

 

     541,646  
Commercial Services & Supplies – 0.4%

 

Cintas Corp.

     149        40,093  

Copart, Inc.*

     467        42,469  

Republic Services, Inc.

     374        33,522  

Waste Connections, Inc.

     149        13,528  

Waste Management, Inc.

     585        66,666  
     

 

 

 
Total Commercial Services & Supplies

 

     196,278  
Communications Equipment – 0.7%

 

Arista Networks, Inc.*

     60        12,204  

Cisco Systems, Inc.

     5,865        281,286  

Motorola Solutions, Inc.

     210        33,839  
     

 

 

 
Total Communications Equipment

 

     327,329  
Construction & Engineering – 0.1%

 

Jacobs Engineering Group, Inc.

     285        25,602  
Construction Materials – 0.1%

 

Martin Marietta Materials, Inc.

     105      29,362  

Vulcan Materials Co.

     165        23,759  
     

 

 

 
Total Construction Materials

 

     53,121  
Consumer Finance – 0.7%

 

Ally Financial, Inc.

     435        13,294  

American Express Co.

     1,139        141,794  

Capital One Financial Corp.

     645        66,377  

Discover Financial Services

     537        45,548  

Synchrony Financial

     976        35,146  
     

 

 

 
Total Consumer Finance

 

     302,159  
Containers & Packaging – 0.2%

 

Amcor PLC*

     1,340        14,526  

Ball Corp.

     454        29,360  

International Paper Co.

     791        36,426  

Packaging Corp. of America

     61        6,831  
     

 

 

 
Total Containers & Packaging

 

     87,143  
Distributors – 0.1%

 

Genuine Parts Co.

     130        13,810  

LKQ Corp.*

     733        26,168  
     

 

 

 
Total Distributors

 

     39,978  
Diversified Financial Services – 1.5%

 

Berkshire Hathaway, Inc. Class B*

     2,925        662,512  
Diversified Telecommunication Services – 2.0%

 

AT&T, Inc.

     11,410        445,903  

CenturyLink, Inc.

     764        10,092  

Verizon Communications, Inc.

     6,850        420,590  
     

 

 

 
Total Diversified Telecommunication Services

 

     876,585  
Electric Utilities – 1.7%

 

Alliant Energy Corp.

     551        30,151  

American Electric Power Co., Inc.

     660        62,377  

Duke Energy Corp.

     1,020        93,034  

Edison International

     174        13,121  

Entergy Corp.

     370        44,326  

Evergy, Inc.

     299        19,462  

Eversource Energy

     405        34,453  

Exelon Corp.

     1,259        57,398  

FirstEnergy Corp.

     735        35,721  

NextEra Energy, Inc.

     672        162,731  

Pinnacle West Capital Corp.

     274        24,641  

PPL Corp.

     1,185        42,518  

Southern Co. (The)

     1,649        105,041  

Xcel Energy, Inc.

     804        51,046  
     

 

 

 
Total Electric Utilities

 

     776,020  
Electrical Equipment – 0.5%

 

AMETEK, Inc.

     330        32,914  

Eaton Corp. PLC

     600        56,832  

Emerson Electric Co.

     1,098        83,733  

Rockwell Automation, Inc.

     180        36,481  
     

 

 

 
Total Electrical Equipment

 

     209,960  

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree 90/60 U.S. Balanced Fund (NTSX)

December 31, 2019

 

 

 

Investments    Shares      Value  
Electronic Equipment, Instruments & Components – 0.4%

 

Amphenol Corp. Class A

     381      $ 41,236  

CDW Corp.

     132        18,855  

Corning, Inc.

     1,081        31,468  

Keysight Technologies, Inc.*

     180        18,473  

TE Connectivity Ltd.

     510        48,878  

Zebra Technologies Corp. Class A*

     18        4,598  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     163,508  
Energy Equipment & Services – 0.2%

 

Baker Hughes Co.

     916        23,477  

Halliburton Co.

     346        8,467  

Schlumberger Ltd.

     1,775        71,355  
     

 

 

 
Total Energy Equipment & Services

 

     103,299  
Entertainment – 1.6%

 

Activision Blizzard, Inc.

     1,299        77,187  

Electronic Arts, Inc.*

     425        45,692  

Live Nation Entertainment, Inc.*

     55        3,931  

Netflix, Inc.*

     536        173,433  

Spotify Technology S.A.*

     61        9,122  

Take-Two Interactive Software, Inc.*

     181        22,160  

Walt Disney Co. (The)

     2,641        381,968  
     

 

 

 
Total Entertainment

 

     713,493  
Equity Real Estate Investment Trusts (REITs) – 2.6%

 

Alexandria Real Estate Equities, Inc.

     91        14,704  

American Tower Corp.

     660        151,681  

AvalonBay Communities, Inc.

     210        44,037  

Boston Properties, Inc.

     119        16,405  

Camden Property Trust

     230        24,403  

Crown Castle International Corp.

     585        83,158  

Digital Realty Trust, Inc.

     285        34,126  

Duke Realty Corp.

     195        6,761  

Equinix, Inc.

     119        69,460  

Equity LifeStyle Properties, Inc.

     76        5,350  

Equity Residential

     568        45,963  

Essex Property Trust, Inc.

     61        18,352  

Extra Space Storage, Inc.

     206        21,758  

Federal Realty Investment Trust

     28        3,604  

Healthpeak Properties, Inc. REIT

     626        21,578  

Host Hotels & Resorts, Inc.

     1,299        24,096  

Invitation Homes, Inc.

     644        19,301  

Mid-America Apartment Communities, Inc.

     79        10,417  

National Retail Properties, Inc.

     64        3,432  

Omega Healthcare Investors, Inc.

     88        3,727  

Prologis, Inc.

     1,005        89,586  

Public Storage

     83        17,676  

Realty Income Corp.

     597        43,957  

Regency Centers Corp.

     360        22,712  

SBA Communications Corp.

     211        50,849  

Simon Property Group, Inc.

     416        61,967  

Sun Communities, Inc.

     150        22,515  

UDR, Inc.

     594        27,740  

Ventas, Inc.

     337        19,458  

VEREIT, Inc.

     850      7,854  

VICI Properties, Inc.

     1,201        30,685  

Vornado Realty Trust

     330        21,945  

W.P. Carey, Inc.

     131        10,485  

Welltower, Inc.

     706        57,737  

Weyerhaeuser Co.

     1,290        38,958  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     1,146,437  
Food & Staples Retailing – 1.5%

 

Costco Wholesale Corp.

     644        189,285  

Kroger Co. (The)

     786        22,786  

Sysco Corp.

     1,053        90,074  

U.S. Foods Holding Corp.*

     251        10,514  

Walgreens Boots Alliance, Inc.

     1,070        63,087  

Walmart, Inc.

     2,432        289,019  
     

 

 

 
Total Food & Staples Retailing

 

     664,765  
Food Products – 1.0%

 

Archer-Daniels-Midland Co.

     673        31,194  

Campbell Soup Co.

     320        15,814  

Conagra Brands, Inc.

     674        23,078  

General Mills, Inc.

     989        52,971  

Hershey Co. (The)

     198        29,102  

Hormel Foods Corp.

     419        18,901  

J.M. Smucker Co. (The)

     150        15,620  

Kellogg Co.

     254        17,567  

Kraft Heinz Co. (The)

     434        13,944  

Lamb Weston Holdings, Inc.

     328        28,218  

McCormick & Co., Inc. Non-Voting Shares

     150        25,459  

Mondelez International, Inc. Class A

     2,598        143,098  

Tyson Foods, Inc. Class A

     360        32,774  
     

 

 

 
Total Food Products

 

     447,740  
Gas Utilities – 0.1%

 

Atmos Energy Corp.

     77        8,613  

UGI Corp.

     394        17,793  
     

 

 

 
Total Gas Utilities

 

     26,406  
Health Care Equipment & Supplies – 3.0%

 

Abbott Laboratories

     2,669        231,829  

Align Technology, Inc.*

     61        17,022  

Baxter International, Inc.

     841        70,324  

Becton, Dickinson and Co.

     330        89,750  

Boston Scientific Corp.*

     2,072        93,696  

Cooper Cos., Inc. (The)

     60        19,277  

Danaher Corp.

     1,009        154,861  

Dentsply Sirona, Inc.

     355        20,090  

DexCom, Inc.*

     60        13,124  

Edwards Lifesciences Corp.*

     299        69,754  

IDEXX Laboratories, Inc.*

     105        27,419  

Intuitive Surgical, Inc.*

     135        79,805  

Medtronic PLC

     2,185        247,888  

ResMed, Inc.

     114        17,667  

STERIS PLC

     198        30,179  

Stryker Corp.

     468        98,252  

Teleflex, Inc.

     24        9,035  

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree 90/60 U.S. Balanced Fund (NTSX)

December 31, 2019

 

 

 

Investments    Shares      Value  

Varian Medical Systems, Inc.*

     120      $ 17,041  

Zimmer Biomet Holdings, Inc.

     300        44,904  
     

 

 

 
Total Health Care Equipment & Supplies

 

     1,351,917  
Health Care Providers & Services – 2.4%

 

AmerisourceBergen Corp.

     225        19,130  

Anthem, Inc.

     345        104,200  

Cardinal Health, Inc.

     464        23,469  

Centene Corp.*

     491        30,869  

Cigna Corp.*

     485        99,178  

CVS Health Corp.

     1,925        143,008  

HCA Healthcare, Inc.

     405        59,863  

Henry Schein, Inc.*

     239        15,946  

Humana, Inc.

     179        65,607  

Laboratory Corp. of America Holdings*

     135        22,838  

McKesson Corp.

     300        41,496  

Quest Diagnostics, Inc.

     209        22,319  

UnitedHealth Group, Inc.

     1,337        393,051  

Universal Health Services, Inc. Class B

     134        19,224  

WellCare Health Plans, Inc.*

     59        19,483  
     

 

 

 
Total Health Care Providers & Services

 

     1,079,681  
Health Care Technology – 0.2%

 

Cerner Corp.

     800        58,712  

Veeva Systems, Inc. Class A*

     179        25,178  
     

 

 

 
Total Health Care Technology

 

     83,890  
Hotels, Restaurants & Leisure – 1.6%

 

Carnival Corp.

     179        9,099  

Chipotle Mexican Grill, Inc.*

     45        37,670  

Darden Restaurants, Inc.

     150        16,352  

Domino’s Pizza, Inc.

     60        17,627  

Hilton Worldwide Holdings, Inc.

     465        51,573  

Las Vegas Sands Corp.

     513        35,418  

Marriott International, Inc. Class A

     494        74,806  

McDonald’s Corp.

     979        193,460  

MGM Resorts International

     1,344        44,715  

Norwegian Cruise Line Holdings Ltd.*

     467        27,277  

Royal Caribbean Cruises Ltd.

     240        32,042  

Starbucks Corp.

     1,394        122,561  

Wynn Resorts Ltd.

     75        10,415  

Yum! Brands, Inc.

     329        33,140  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     706,155  
Household Durables – 0.3%

 

D.R. Horton, Inc.

     649        34,235  

Garmin Ltd.

     161        15,707  

Lennar Corp. Class A

     621        34,646  

NVR, Inc.*

     2        7,617  

PulteGroup, Inc.

     604        23,435  

Whirlpool Corp.

     25        3,688  
     

 

 

 
Total Household Durables

 

     119,328  
Household Products – 1.6%

 

Church & Dwight Co., Inc.

     360        25,322  

Clorox Co. (The)

     227        34,854  

Colgate-Palmolive Co.

     1,095      75,380  

Kimberly-Clark Corp.

     509        70,013  

Procter & Gamble Co. (The)

     3,919        489,483  
     

 

 

 
Total Household Products

 

     695,052  
Independent Power & Renewable Electricity Producers – 0.1%

 

AES Corp.

     235        4,677  

NRG Energy, Inc.

     580        23,055  

Vistra Energy Corp.

     955        21,955  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     49,687  
Industrial Conglomerates – 1.2%

 

3M Co.

     737        130,021  

General Electric Co.

     11,492        128,251  

Honeywell International, Inc.

     1,184        209,568  

Roper Technologies, Inc.

     135        47,821  
     

 

 

 
Total Industrial Conglomerates

 

     515,661  
Insurance – 2.1%

 

Aflac, Inc.

     1,307        69,140  

Alleghany Corp.*

     5        3,998  

Allstate Corp. (The)

     555        62,410  

American International Group, Inc.

     1,269        65,138  

Aon PLC

     360        74,984  

Arch Capital Group Ltd.*

     569        24,404  

Arthur J. Gallagher & Co.

     240        22,855  

Chubb Ltd.

     659        102,580  

Cincinnati Financial Corp.

     210        22,082  

Fidelity National Financial, Inc.

     420        19,047  

Globe Life, Inc.

     270        28,418  

Hartford Financial Services Group, Inc. (The)

     540        32,816  

Lincoln National Corp.

     390        23,014  

Loews Corp.

     194        10,183  

Markel Corp.*

     30        34,295  

Marsh & McLennan Cos., Inc.

     734        81,775  

MetLife, Inc.

     1,425        72,632  

Principal Financial Group, Inc.

     300        16,500  

Progressive Corp. (The)

     514        37,209  

Prudential Financial, Inc.

     615        57,650  

Reinsurance Group of America, Inc.

     44        7,175  

Travelers Cos., Inc. (The)

     299        40,948  

W.R. Berkley Corp.

     54        3,731  

Willis Towers Watson PLC

     179        36,147  
     

 

 

 
Total Insurance

 

     949,131  
Interactive Media & Services – 4.8%

 

Alphabet, Inc. Class A*

     454        608,083  

Alphabet, Inc. Class C*

     500        668,510  

Facebook, Inc. Class A*

     3,792        778,308  

IAC/InterActiveCorp*

     105        26,156  

Snap, Inc. Class A*

     1,263        20,625  

Twitter, Inc.*

     615        19,711  
     

 

 

 
Total Interactive Media & Services

 

     2,121,393  
Internet & Direct Marketing Retail – 3.1%

 

Amazon.com, Inc.*

     639        1,180,770  

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree 90/60 U.S. Balanced Fund (NTSX)

December 31, 2019

 

 

 

Investments    Shares      Value  

Booking Holdings, Inc.*

     60      $ 123,224  

eBay, Inc.

     1,131        40,840  

Expedia Group, Inc.

     188        20,330  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     1,365,164  
IT Services – 5.1%

 

Accenture PLC Class A

     1,104        232,469  

Akamai Technologies, Inc.*

     302        26,087  

Automatic Data Processing, Inc.

     606        103,323  

Booz Allen Hamilton Holding Corp.

     54        3,841  

Broadridge Financial Solutions, Inc.

     150        18,531  

Cognizant Technology Solutions Corp. Class A

     857        53,151  

EPAM Systems, Inc.*

     25        5,304  

Fidelity National Information Services, Inc.

     1,039        144,515  

Fiserv, Inc.*

     909        105,108  

FleetCor Technologies, Inc.*

     120        34,526  

Gartner, Inc.*

     119        18,338  

Global Payments, Inc.

     360        65,722  

GoDaddy, Inc. Class A*

     373        25,334  

International Business Machines Corp.

     1,206        161,652  

Jack Henry & Associates, Inc.

     26        3,787  

Leidos Holdings, Inc.

     122        11,943  

MasterCard, Inc. Class A

     1,382        412,651  

Okta, Inc.*

     54        6,230  

Paychex, Inc.

     692        58,862  

PayPal Holdings, Inc.*

     1,813        196,112  

Square, Inc. Class A*

     679        42,478  

Twilio, Inc. Class A*

     135        13,268  

VeriSign, Inc.*

     150        28,902  

Visa, Inc. Class A

     2,588        486,285  
     

 

 

 
Total IT Services

 

     2,258,419  
Leisure Products – 0.0%

 

Hasbro, Inc.

     205        21,650  
Life Sciences Tools & Services – 0.8%

 

Agilent Technologies, Inc.

     568        48,456  

Illumina, Inc.*

     164        54,405  

IQVIA Holdings, Inc.*

     240        37,083  

Mettler-Toledo International, Inc.*

     29        23,005  

Thermo Fisher Scientific, Inc.

     585        190,049  

Waters Corp.*

     105        24,533  
     

 

 

 
Total Life Sciences Tools & Services

 

     377,531  
Machinery – 1.4%

 

Caterpillar, Inc.

     933        137,785  

Cummins, Inc.

     240        42,950  

Deere & Co.

     446        77,274  

Dover Corp.

     246        28,354  

Fortive Corp.

     276        21,084  

IDEX Corp.

     24        4,128  

Illinois Tool Works, Inc.

     450        80,833  

Ingersoll-Rand PLC

     360        47,851  

PACCAR, Inc.

     540        42,714  

Parker-Hannifin Corp.

     195        40,135  

Stanley Black & Decker, Inc.

     236        39,115  

Westinghouse Air Brake Technologies Corp.

     287      22,329  

Xylem, Inc.

     269        21,195  
     

 

 

 
Total Machinery

 

     605,747  
Media – 1.4%

 

Altice USA, Inc. Class A*

     471        12,877  

Charter Communications, Inc. Class A*

     255        123,695  

Comcast Corp. Class A

     7,571        340,468  

Discovery, Inc. Class C*

     509        15,519  

DISH Network Corp. Class A*

     119        4,221  

Fox Corp. Class A

     695        25,764  

Liberty Broadband Corp. Class C*

     339        42,629  

Liberty Global PLC Class C*

     305        6,648  

Omnicom Group, Inc.

     360        29,167  

ViacomCBS, Inc. Class B

     33        1,385  
     

 

 

 
Total Media

 

     602,373  
Metals & Mining – 0.3%

 

Freeport-McMoRan, Inc.

     2,085        27,355  

Newmont Goldcorp Corp.

     1,473        64,002  

Nucor Corp.

     435        24,482  
     

 

 

 
Total Metals & Mining

 

     115,839  
Mortgage Real Estate Investment Trusts (REITs) – 0.0%

 

Annaly Capital Management, Inc.

     774        7,291  
Multi-Utilities – 0.9%

 

Ameren Corp.

     255        19,584  

CenterPoint Energy, Inc.

     347        9,463  

CMS Energy Corp.

     539        33,871  

Consolidated Edison, Inc.

     560        50,663  

Dominion Energy, Inc.

     1,141        94,498  

DTE Energy Co.

     210        27,273  

NiSource, Inc.

     749        20,852  

Public Service Enterprise Group, Inc.

     539        31,828  

Sempra Energy

     482        73,013  

WEC Energy Group, Inc.

     572        52,755  
     

 

 

 
Total Multi-Utilities

 

     413,800  
Multiline Retail – 0.4%

 

Dollar General Corp.

     315        49,133  

Dollar Tree, Inc.*

     358        33,670  

Target Corp.

     785        100,645  
     

 

 

 
Total Multiline Retail

 

     183,448  
Oil, Gas & Consumable Fuels – 3.4%

 

Apache Corp.

     299        7,651  

Cheniere Energy, Inc.*

     717        43,787  

Chevron Corp.

     3,014        363,217  

Concho Resources, Inc.

     411        35,991  

ConocoPhillips

     1,400        91,042  

Diamondback Energy, Inc.

     45        4,179  

EOG Resources, Inc.

     444        37,189  

Exxon Mobil Corp.

     5,982        417,424  

Hess Corp.

     569        38,015  

Kinder Morgan, Inc.

     3,778        79,980  

Marathon Petroleum Corp.

     1,110        66,878  

 

See Notes to Financial Statements.

 

98   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree 90/60 U.S. Balanced Fund (NTSX)

December 31, 2019

 

 

 

Investments    Shares      Value  

Occidental Petroleum Corp.

     1,040      $ 42,858  

ONEOK, Inc.

     699        52,893  

Phillips 66

     719        80,104  

Pioneer Natural Resources Co.

     191        28,912  

Targa Resources Corp.

     525        21,436  

Valero Energy Corp.

     725        67,896  

Williams Cos., Inc. (The)

     1,541        36,553  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     1,516,005  
Personal Products – 0.1%

 

Estee Lauder Cos., Inc. (The) Class A

     279        57,625  
Pharmaceuticals – 4.3%

 

Allergan PLC

     539        103,041  

Bristol-Myers Squibb Co.

     3,534        226,847  

Eli Lilly & Co.

     1,391        182,819  

Johnson & Johnson

     4,149        605,215  

Merck & Co., Inc.

     3,904        355,069  

Mylan N.V.*

     520        10,452  

Pfizer, Inc.

     7,712        302,156  

Zoetis, Inc.

     797        105,483  
     

 

 

 
Total Pharmaceuticals

 

     1,891,082  
Professional Services – 0.3%

 

CoStar Group, Inc.*

     33        19,744  

Equifax, Inc.

     135        18,916  

IHS Markit Ltd.*

     570        42,950  

TransUnion

     165        14,126  

Verisk Analytics, Inc.

     254        37,932  
     

 

 

 
Total Professional Services

 

     133,668  
Real Estate Management & Development – 0.1%

 

CBRE Group, Inc. Class A*

     480        29,419  
Road & Rail – 1.1%

 

CSX Corp.

     1,166        84,372  

Kansas City Southern

     135        20,677  

Norfolk Southern Corp.

     435        84,446  

Old Dominion Freight Line, Inc.

     89        16,890  

Uber Technologies, Inc.*

     1,796        53,413  

Union Pacific Corp.

     1,149        207,728  
     

 

 

 
Total Road & Rail

 

     467,526  
Semiconductors & Semiconductor Equipment – 3.8%

 

Advanced Micro Devices, Inc.*

     1,573        72,138  

Analog Devices, Inc.

     645        76,652  

Applied Materials, Inc.

     1,768        107,919  

Broadcom, Inc.

     494        156,114  

Intel Corp.

     7,163        428,705  

KLA Corp.

     180        32,071  

Lam Research Corp.

     179        52,340  

Marvell Technology Group Ltd.

     825        21,912  

Maxim Integrated Products, Inc.

     510        31,370  

Microchip Technology, Inc.

     416        43,563  

Micron Technology, Inc.*

     1,749        94,061  

NVIDIA Corp.

     829        195,064  

QUALCOMM, Inc.

     1,791        158,020  

Skyworks Solutions, Inc.

     210        25,385  

Teradyne, Inc.

     161      10,978  

Texas Instruments, Inc.

     1,500        192,435  

Xilinx, Inc.

     85        8,310  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     1,707,037  
Software – 6.7%

 

Adobe, Inc.*

     660        217,674  

ANSYS, Inc.*

     120        30,889  

Atlassian Corp. PLC Class A*

     40        4,814  

Autodesk, Inc.*

     317        58,157  

Cadence Design Systems, Inc.*

     461        31,975  

Citrix Systems, Inc.

     250        27,725  

DocuSign, Inc.*

     60        4,447  

Fortinet, Inc.*

     179        19,110  

Guidewire Software, Inc.*

     35        3,842  

Intuit, Inc.

     329        86,175  

Microsoft Corp.

     11,919        1,879,626  

Nortonlifelock, Inc.

     842        21,488  

Oracle Corp.

     3,513        186,119  

Palo Alto Networks, Inc.*

     135        31,219  

Paycom Software, Inc.*

     25        6,619  

salesforce.com, Inc.*

     1,300        211,432  

ServiceNow, Inc.*

     224        63,240  

Splunk, Inc.*

     210        31,452  

SS&C Technologies Holdings, Inc.

     120        7,368  

Synopsys, Inc.*

     197        27,422  

Tyler Technologies, Inc.*

     14        4,200  

VMware, Inc. Class A*

     29        4,402  

Workday, Inc. Class A*

     150        24,667  
     

 

 

 
Total Software

 

     2,984,062  
Specialty Retail – 2.0%

 

Advance Auto Parts, Inc.

     105        16,817  

AutoZone, Inc.*

     30        35,739  

Best Buy Co., Inc.

     345        30,291  

Burlington Stores, Inc.*

     25        5,701  

CarMax, Inc.*

     185        16,219  

Home Depot, Inc. (The)

     1,563        341,328  

Lowe’s Cos., Inc.

     1,288        154,251  

O’Reilly Automotive, Inc.*

     119        52,153  

Ross Stores, Inc.

     495        57,628  

Tiffany & Co.

     119        15,904  

TJX Cos., Inc. (The)

     2,109        128,775  

Tractor Supply Co.

     195        18,221  

Ulta Salon Cosmetics & Fragrance, Inc.*

     56        14,176  
     

 

 

 
Total Specialty Retail

 

     887,203  
Technology Hardware, Storage & Peripherals – 4.8%

 

Apple, Inc.

     6,635        1,948,368  

Dell Technologies, Inc. Class C*

     419        21,532  

Hewlett Packard Enterprise Co.

     2,173        34,464  

HP, Inc.

     1,609        33,065  

NetApp, Inc.

     314        19,546  

Seagate Technology PLC

     555        33,022  

Western Digital Corp.

     433        27,483  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     2,117,480  

 

See Notes to Financial Statements.

 

WisdomTree Trust      99  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree 90/60 U.S. Balanced Fund (NTSX)

December 31, 2019

 

 

 

Investments    Shares      Value  
Textiles, Apparel & Luxury Goods – 0.6%

 

lululemon athletica, Inc.*

     149      $ 34,519  

NIKE, Inc. Class B

     2,042        206,875  

VF Corp.

     480        47,837  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     289,231  
Tobacco – 0.8%

 

Altria Group, Inc.

     2,310        115,292  

Philip Morris International, Inc.

     2,578        219,362  
     

 

 

 
Total Tobacco

 

     334,654  
Trading Companies & Distributors – 0.2%

 

Fastenal Co.

     1,111        41,051  

United Rentals, Inc.*

     120        20,012  

W.W. Grainger, Inc.

     51        17,265  
     

 

 

 
Total Trading Companies & Distributors

 

     78,328  
Water Utilities – 0.1%

 

American Water Works Co., Inc.

     177        21,744  

Aqua America, Inc.

     84        3,943  
     

 

 

 
Total Water Utilities

 

     25,687  
Wireless Telecommunication Services – 0.1%

 

T-Mobile U.S., Inc.*

     634        49,718  
Total United States

 

     40,228,547  

TOTAL COMMON STOCKS

(Cost: $37,764,087)

 

 

     40,616,892  
      Principal
Amount
         
U.S. GOVERNMENT OBLIGATIONS – 0.5%

 

U.S. Treasury Bill – 0.5%

 

U.S. Treasury Bill
1.55%, 3/12/20(a)(b)

     
(Cost: $249,251)    $ 250,000        249,272  

TOTAL INVESTMENTS IN SECURITIES – 92.1%

(Cost: $38,013,338)

 

 

     40,866,164  

Other Assets less Liabilities – 7.9%

 

     3,492,405  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 44,358,569  
* 

Non-income producing security.

 

(a) 

Interest rate shown reflects the yield to maturity at the time of purchase.

 

(b) 

All or a portion of this security is held by the broker as collateral for open futures contracts. The securities collateral posted was comprised entirely of U.S. Treasury securities having a market value of $249,272 as of December 31, 2019.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FUTURES CONTRACTS (EXCHANGE-TRADED)  
Long Exposure   Contracts     Expiration
Date
    Notional
Value
    Unrealized
Appreciation/
(Depreciation)
 

10 Year U.S. Treasury Note

    40       3/20/20     $ 5,136,875     $ (44,379

2 Year U.S. Treasury Note

    25       3/31/20       5,387,500       (1,911

5 Year U.S. Treasury Note

    44       3/31/20       5,218,812       (15,511

U.S. Treasury Long Bond

    33       3/20/20       5,144,906       (108,948

Ultra 10 Year U.S. Treasury Note

    37       3/20/20       5,206,016       (59,975
      $ 26,094,109     $ (230,724

 

See Notes to Financial Statements.

 

100   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Balanced Income Fund (WBAL)

December 31, 2019

 

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUNDS – 100.0%

 

Domestic Equity – 33.0%

 

WisdomTree U.S. High Dividend Fund(a)

     10,954      $ 841,377  

WisdomTree U.S. LargeCap Dividend Fund(a)

     4,028        426,686  
     

 

 

 
Total Domestic Equity

 

     1,268,063  
Emerging Markets Equity – 6.7%

 

WisdomTree Emerging Markets Dividend Fund(a)

     7,869        258,497  
Fixed Income – 39.6%

 

iShares 20+ Year Treasury Bond ETF(b)

     737        99,849  

iShares MBS ETF(b)

     949        102,549  

WisdomTree Emerging Markets Local Debt Fund(a)(b)

     3,892        139,878  

WisdomTree Interest Rate Hedged High Yield Bond Fund(a)

     9,065        210,036  

WisdomTree U.S. Corporate Bond Fund(a)(b)

     3,982        208,517  

WisdomTree Yield Enhanced U.S. Aggregate Bond Fund(a)(b)

     14,515        758,409  
     

 

 

 
Total Fixed Income

 

     1,519,238  
International Equity – 20.7%

 

WisdomTree Dynamic Currency Hedged International Equity Fund(a)

     11,435        346,480  

WisdomTree International High Dividend Fund(a)

     10,693        449,534  
     

 

 

 
Total International Equity

 

     796,014  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $3,583,799)

 

 

     3,841,812  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.2%

 

United States – 9.2%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.58%(c)

     
(Cost: $355,707)(d)      355,707        355,707  

TOTAL INVESTMENTS IN SECURITIES – 109.2%

(Cost: $3,939,506)

 

 

     4,197,519  

Other Assets less Liabilities – (9.2)%

 

     (354,518
     

 

 

 
NET ASSETS – 100.0%

 

   $ 3,843,001  
(a) 

Affiliated company (See Note 3).

 

(b) 

Security, or portion thereof, was on loan at December 31, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2019.

 

(d) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $348,281 and the total market value of the collateral held by the Fund was $355,707.

 

See Notes to Financial Statements.

 

WisdomTree Trust      101  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Cloud Computing Fund (WCLD)

December 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

Canada – 2.3%

 

IT Services – 2.3%

 

Shopify, Inc. Class A*

     815      $ 324,028  
Israel – 1.8%

 

IT Services – 1.8%

 

Wix.com Ltd.*

     2,032        248,676  
United States – 95.8%

 

Health Care Technology – 1.8%

 

Veeva Systems, Inc. Class A*

     1,823        256,423  
IT Services – 7.7%

 

Okta, Inc.*

     2,280        263,043  

PayPal Holdings, Inc.*

     2,753        297,792  

Square, Inc. Class A*

     4,648        290,779  

Twilio, Inc. Class A*(a)

     2,342        230,172  
     

 

 

 
Total IT Services

 

     1,081,786  
Software – 86.3%

 

2U, Inc.*(a)

     17,606        422,368  

Adobe, Inc.*

     1,017        335,417  

Anaplan, Inc.*

     5,037        263,939  

Appfolio, Inc. Class A*

     2,967        326,222  

Atlassian Corp. PLC Class A*

     2,050        246,697  

Avalara, Inc.*

     3,425        250,881  

Blackline, Inc.*

     5,845        301,368  

Box, Inc. Class A*

     21,893        367,365  

Coupa Software, Inc.*(a)

     2,114        309,172  

DocuSign, Inc.*

     6,522        483,345  

Domo, Inc. Class B*

     11,498        249,737  

Dropbox, Inc. Class A*

     16,721        299,473  

Elastic N.V.*

     3,429        220,485  

Everbridge, Inc.*(a)

     3,633        283,665  

Five9, Inc.*

     4,599        301,602  

HubSpot, Inc.*

     1,551        245,833  

Instructure, Inc.*

     6,988        336,891  

j2 Global, Inc.*(a)

     3,536        331,359  

LogMeIn, Inc.

     4,288        367,653  

Mimecast Ltd.*

     6,948        301,404  

New Relic, Inc.*

     5,083        334,004  

Pagerduty, Inc.*(a)

     8,386        196,149  

Paycom Software, Inc.*

     1,211        320,624  

Paylocity Holding Corp.*

     2,805        338,900  

Pluralsight, Inc. Class A*(a)

     18,628        320,588  

Proofpoint, Inc.*

     2,495        286,376  

Q2 Holdings, Inc.*(a)

     3,161        256,294  

Qualys, Inc.*

     3,467        289,044  

RealPage, Inc.*

     4,746        255,097  

RingCentral, Inc. Class A*

     2,108        355,556  

salesforce.com, Inc.*

     2,031        330,322  

ServiceNow, Inc.*

     1,138        321,280  

Smartsheet, Inc. Class A*

     5,924        266,106  

Tenable Holdings, Inc.*

     13,237        317,159  

Workday, Inc. Class A*

     1,519        249,800  

Workiva, Inc.*

     5,845      245,782  

Yext, Inc.*(a)

     15,090        217,598  

Zendesk, Inc.*

     3,830        293,493  

Zoom Video Communications, Inc. Class A*(a)

     3,158        214,870  

Zscaler, Inc.*(a)

     3,613        168,005  

Zuora, Inc. Class A*

     21,586        309,327  
     

 

 

 
Total Software

 

     12,131,250  
Total United States

 

     13,469,459  

TOTAL COMMON STOCKS

(Cost: $13,514,178)

 

 

     14,042,163  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.7%

 

United States – 9.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 1.58%(b)

     
(Cost: $1,364,909)(c)      1,364,909        1,364,909  

TOTAL INVESTMENTS IN SECURITIES – 109.6%

(Cost: $14,879,087)

 

 

     15,407,072  

Other Assets less Liabilities – (9.6)%

 

     (1,349,342
     

 

 

 
NET ASSETS – 100.0%

 

   $ 14,057,730  

 

*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of December 31, 2019.

 

(c) 

At December 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,461,615 and the total market value of the collateral held by the Fund was $2,507,610. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,142,701.

 

See Notes to Financial Statements.

 

102   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (unaudited)

WisdomTree Trust

December 31, 2019

 

 

 

     

WisdomTree

Dynamic

Currency
Hedged

International

Equity Fund

    

WisdomTree

Dynamic

Currency
Hedged

International

Quality
Dividend

Growth Fund

    

WisdomTree

Dynamic

Currency
Hedged

International

SmallCap

Equity Fund

     WisdomTree
Emerging
Markets
Dividend Fund
     WisdomTree
Europe
Multifactor Fund
 

ASSETS:

 

     

Investments, at cost

   $ 249,310,243      $      $ 44,433,703      $ 53,354,480      $ 12,580,269  

Investment in affiliates, at cost (Note 3)

            29,325,664                       

Foreign currency, at cost

     92,913        745        14,067        13,796        3,023  

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

     265,006,361               48,744,233        59,425,124        13,582,040  

Investment in affiliates, at value (Note 3)

            31,466,576                       

Cash

     134,495        1,896        19,007        4,368        3,314  

Foreign currency, at value

     93,600        759        14,182        13,883        3,053  

Unrealized appreciation on foreign currency contracts

     86,753        533        3,488               18,629  

Receivables:

              

Investment securities sold

     337,080        371,267        252,608        3,174         

Dividends

     340,730               61,920        101,156        17,945  

Securities lending income

     3,646               3,382        886        316  

Foreign tax reclaims

     769,861               8,926        641        28,700  

Total Assets

     266,772,526        31,841,031        49,107,746        59,549,232        13,653,997  

LIABILITIES:

 

     

Unrealized depreciation on foreign currency contracts

     3,045,939        357,293        556,562               31,760  

Payables:

              

Cash collateral received for securities loaned (Note 2)

     3,772,174               2,635,449        482,438        45,757  

Advisory fees (Note 3)

     78,327        2,654        16,558        15,235        4,894  

Service fees (Note 2)

     985        118        170        208        50  

Foreign capital gains tax

                          5,902         

Total Liabilities

     6,897,425        360,065        3,208,739        503,783        82,461  

NET ASSETS

   $ 259,875,101      $ 31,480,966      $ 45,899,007      $ 59,045,449      $ 13,571,536  

NET ASSETS:

 

     

Paid-in capital

   $ 255,799,377      $ 29,564,655      $ 43,375,768      $ 55,662,136      $ 14,233,380  

Total distributable earnings (loss)

     4,075,724        1,916,311        2,523,239        3,383,313        (661,844

NET ASSETS

   $ 259,875,101      $ 31,480,966      $ 45,899,007      $ 59,045,449      $ 13,571,536  

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

     8,550,000        1,200,000        1,400,000        1,800,000        450,000  

Net asset value per share

   $ 30.39      $ 26.23      $ 32.79      $ 32.80      $ 30.16  

1 Includes market value of securities out on loan of:

   $ 7,866,743             $ 4,134,801      $ 800,534      $ 81,214  

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      103  


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

December 31, 2019

 

 

 

      WisdomTree
ICBCCS S&P
China 500 Fund
     WisdomTree
Japan
Multifactor Fund
     WisdomTree
U.S. Corporate
Bond Fund
     WisdomTree
U.S. High Yield
Corporate
Bond Fund
     WisdomTree
U.S. Short-Term
Corporate
Bond Fund
 

ASSETS:

 

     

Investments, at cost

   $ 19,163,332      $ 1,250,969      $ 21,154,804      $ 40,277,338      $ 10,563,753  

Foreign currency, at cost

     57,269        750                       

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

     19,252,090        1,346,758        21,417,742        41,079,530        10,682,616  

Cash

     39,779        935        96,440        178,611        49,590  

Foreign currency, at value

     57,560 3        755                       

Unrealized appreciation on foreign currency contracts

            22                       

Receivables:

              

Investment securities sold

                   89,051                

Dividends

     772        1,378                       

Securities lending income

     264        6        112        1,681        67  

Interest

                   210,087        551,509        89,078  

Foreign tax reclaims

            738                       

Total Assets

     19,350,465        1,350,592        21,813,432        41,811,331        10,821,351  

LIABILITIES:

 

     

Unrealized depreciation on foreign currency contracts

            3,992                       

Payables:

              

Cash collateral received for securities loaned (Note 2)

     79,130        7,860        726,858        5,379,275        664,285  

Investment securities purchased

                   160,112                

Advisory fees (Note 3)

     8,645        488        2,420        11,673        1,547  

Service fees (Note 2)

     69        4        59        135        37  

Total Liabilities

     87,844        12,344        889,449        5,391,083        665,869  

NET ASSETS

   $ 19,262,621      $ 1,338,248      $ 20,923,983      $ 36,420,248      $ 10,155,482  

NET ASSETS:

 

     

Paid-in capital

   $ 20,838,713      $ 1,377,414      $ 20,695,319      $ 35,647,074      $ 10,043,043  

Total distributable earnings (loss)

     (1,576,092      (39,166      228,664        773,174        112,439  

NET ASSETS

   $ 19,262,621      $ 1,338,248      $ 20,923,983      $ 36,420,248      $ 10,155,482  

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

     650,000        50,000        400,000        700,000        200,000  

Net asset value per share

   $ 29.63      $ 26.76      $ 52.31      $ 52.03      $ 50.78  

1 Includes market value of securities out on loan of:

   $ 338,631      $ 20,758      $ 922,739      $ 5,654,082      $ 645,256  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

3 Includes $4,020 of foreign minimum reserve funds (Note 2).

  

 

See Notes to Financial Statements.

 

104   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

December 31, 2019

 

 

 

      WisdomTree
U.S. Short-Term
High Yield
Corporate
Bond Fund
     WisdomTree
Dynamic
Bearish U.S.
Equity Fund
     WisdomTree
Dynamic Long/
Short U.S.
Equity Fund
     WisdomTree
90/60 U.S.
Balanced Fund
     WisdomTree
Balanced
Income Fund
 

ASSETS:

 

     

Investments, at cost

   $ 21,338,121      $ 5,801,903      $ 34,183,625      $ 38,013,338      $ 545,786  

Investment in affiliates, at cost (Note 3)

                                 3,393,720  

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

     21,496,897        5,802,131        35,589,779        40,866,164        558,105  

Investment in afiliates, at value (Note 3)

                                 3,639,414  

Cash

     219,728        1,206        70,244        3,482,545        468  

Receivables:

 

     

Investment securities sold

            2,715,256        1,396,646               3,754  

Dividends

                   76,019        39,244         

Securities lending income

     1,761               273               580  

Interest

     288,706                              

Total Assets

     22,007,092        8,518,593        37,132,961        44,387,953        4,202,321  

LIABILITIES:

 

     

Unrealized depreciation on swap contracts

            173,171                       

Payables:

              

Cash collateral received for securities loaned (Note 2)

     1,841,183               529,220               355,707  

Investment securities purchased

            3,252,755        59,862                

Capital shares redeemed

                   1,401,732                

Advisory fees (Note 3)

     6,465        2,094        14,939        7,286        98  

Service fees (Note 2)

     75        21        137        160        14  

Income distribution

                                 3,501  

Net variation margin on futures contracts

                          21,938         

Total Liabilities

     1,847,723        3,428,041        2,005,890        29,384        359,320  

NET ASSETS

   $ 20,159,369      $ 5,090,552      $ 35,127,071      $ 44,358,569      $ 3,843,001  

NET ASSETS:

 

     

Paid-in capital

   $ 20,116,756      $ 9,304,325      $ 72,388,592      $ 41,259,453      $ 3,601,477  

Total distributable earnings (loss)

     42,613        (4,213,773      (37,261,521      3,099,116        241,524  

NET ASSETS

   $ 20,159,369      $ 5,090,552      $ 35,127,071      $ 44,358,569      $ 3,843,001  

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

     400,000        250,000        1,250,000        1,500,000        150,000  

Net asset value per share

   $ 50.40      $ 20.36      $ 28.10      $ 29.57      $ 25.62  

1 Includes market value of securities out on loan of:

   $ 1,866,936             $ 1,439,987             $ 348,281  

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      105  


Table of Contents

Statements of Assets and Liabilities (unaudited) (concluded)

WisdomTree Trust

December 31, 2019

 

 

 

     

WisdomTree

Cloud

Computing Fund

 

ASSETS:

 

Investments, at cost

   $ 14,879,087  

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

     15,407,072  

Cash

     20,437  

Receivables:

  

Securities lending income

     330  

Total Assets

     15,427,839  

LIABILITIES:

 

Payables:

  

Cash collateral received for securities loaned (Note 2)

     1,364,909  

Advisory fees (Note 3)

     5,151  

Service fees (Note 2)

     49  

Total Liabilities

     1,370,109  

NET ASSETS

   $ 14,057,730  

NET ASSETS:

 

Paid-in capital

   $ 13,476,219  

Total distributable earnings (loss)

     581,511  

NET ASSETS

   $ 14,057,730  

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

     550,004  

Net asset value per share

   $ 25.56  

1 Includes market value of securities out on loan of:

   $ 2,461,615  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

106   WisdomTree Trust


Table of Contents

Statements of Operations (unaudited)

WisdomTree Trust

For the Six Months Ended December 31, 2019

 

 

 

      WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Quality
Dividend
Growth Fund
     WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund
     WisdomTree
Emerging
Markets
Dividend Fund
     WisdomTree
Europe
Multifactor Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 3,464,162      $      $ 563,779      $ 1,129,032      $ 120,181  

Dividends from affiliates (Note 3)

            297,323                       

Interest

                          6         

Non-cash dividends

     29,965               2,469               2,745  

Securities lending income (Note 2)

     26,323               20,483        3,134        3,541  

Total investment income

     3,520,450        297,323        586,731        1,132,172        126,467  

EXPENSES:

 

Advisory fees (Note 3)

     517,013        86,374        93,514        83,227        31,141  

Service fees (Note 2)

     5,687        655        857        1,144        285  

Total expenses

     522,700        87,029        94,371        84,371        31,426  

Expense waivers (Note 3)

     (64,627      (71,482      (9,741             (3,244

Net expenses

     458,073        15,547        84,630        84,371        28,182  

Net investment income

     3,062,377        281,776        502,101        1,047,801        98,285  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (1,610,991             (206,774      (1,142,781      (76,013

Investment transactions in affiliates (Note 3)

            (7,995                     

In-kind redemptions

     1,736,607                              

Foreign currency contracts

     2,076,737        141        2,382        4,141        (64,893

Foreign currency related transactions

     (199,002      240,270        281,088        (8,614      (9,913

Net realized gain (loss)

     2,003,351        232,416        76,696        (1,147,254      (150,819

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions2

     13,296,778               4,745,644        4,151,015        873,439  

Investment transactions in affiliates (Note 3)

            2,784,869                       

Foreign currency contracts

     (356,633      (38,831      (231,093             166,440  

Translation of assets and liabilities denominated in foreign currencies

     755        9        1,282        (425      (177

Net increase in unrealized appreciation/depreciation

     12,940,900        2,746,047        4,515,833        4,150,590        1,039,702  

Net realized and unrealized gain on investments

     14,944,251        2,978,463        4,592,529        3,003,336        888,883  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 18,006,628      $ 3,260,239      $ 5,094,630      $ 4,051,137      $ 987,168  

1 Net of foreign withholding tax of:

   $ 238,297             $ 39,062      $ 165,418      $ 11,050  

2 Includes net increase (decrease) in accrued foreign capital gain taxes of:

                        $ 5,902         

 

See Notes to Financial Statements.

 

WisdomTree Trust      107  


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended December 31, 2019

 

 

 

      WisdomTree
ICBCCS S&P
China 500 Fund
     WisdomTree
Japan
Multifactor Fund
     WisdomTree
U.S. Corporate
Bond Fund
     WisdomTree
U.S. High Yield
Corporate
Bond Fund
     WisdomTree
U.S. Short-Term
Corporate
Bond Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 187,812      $ 9,802      $      $      $  

Interest

     38               148,584        724,009        104,352  

Securities lending income (Note 2)

     1,795        87        381        9,352        342  

Total investment income

     189,645        9,889        148,965        733,361        104,694  

EXPENSES:

 

Advisory fees (Note 3)

     52,577        3,052        13,616        61,004        11,239  

Service fees (Note 2)

     421        28        213        559        177  

Total expenses

     52,998        3,080        13,829        61,563        11,416  

Expense waivers (Note 3)

            (318      (4,863      (12,709      (4,014

Net expenses

     52,998        2,762        8,966        48,854        7,402  

Net investment income

     136,647        7,127        139,999        684,507        97,292  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (611,973      435        31,757        (23,057      14,707  

In-kind redemptions

     (10,349                            

Foreign currency contracts

     (6,318      11,843                       

Foreign currency related transactions

     1,102        (56                     

Net realized gain (loss)

     (627,538      12,222        31,757        (23,057      14,707  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     1,940,331        110,583        88,801        400,476        56,843  

Foreign currency contracts

            (178                     

Translation of assets and liabilities denominated in foreign currencies

     158        (45                     

Net increase in unrealized appreciation/depreciation

     1,940,489        110,360        88,801        400,476        56,843  

Net realized and unrealized gain on investments

     1,312,951        122,582        120,558        377,419        71,550  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 1,449,598      $ 129,709      $ 260,557      $ 1,061,926      $ 168,842  

1 Net of foreign withholding tax of:

   $ 18,205      $ 3,152                       

 

See Notes to Financial Statements.

 

108   WisdomTree Trust


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended December 31, 2019

 

 

 

      WisdomTree
U.S. Short-Term
High Yield
Corporate
Bond Fund
     WisdomTree
Dynamic
Bearish U.S.
Equity Fund
     WisdomTree
Dynamic Long/
Short U.S.
Equity Fund
     WisdomTree
90/60 U.S.
Balanced Fund
     WisdomTree
Balanced
Income Fund
 

INVESTMENT INCOME:

              

Dividends1

   $      $ 4,851      $ 631,122      $ 251,691      $ 2,978  

Dividends from affiliates (Note 3)

                                 66,343  

Interest

     566,122        48,902               1,649         

Securities lending income (Note 2)

     6,512        11        1,710               3,671  

Total investment income

     572,634        53,764        632,832        253,340        72,992  

EXPENSES:

 

Advisory fees (Note 3)

     48,430        15,369        124,666        27,989        7,520  

Service fees (Note 2)

     444        127        1,035        615        83  

Total expenses

     48,874        15,496        125,701        28,604        7,603  

Expense waivers (Note 3)

     (10,090      (1,450      (11,761             (6,956

Net expenses

     38,784        14,046        113,940        28,604        647  

Net investment income

     533,850        39,718        518,892        224,736        72,345  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (21,548      (73,006      (519,609      (236,744      455  

Investment transactions in affiliates (Note 3)

                                 (9,286

In-kind redemptions

            (16,273      322,316        653,214         

Swap contracts

            (733,917      (6,232,725              

Futures contracts

                          121,162         

Net realized gain (loss)

     (21,548      (823,196      (6,430,018      537,632        (8,831

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     4,181        242,856        2,535,882        2,478,133        2,009  

Investment transactions in affiliates (Note 3)

                                 156,787  

Swap contracts

            260,333        3,413,074                

Futures contracts

                          (294,451       

Net increase in unrealized appreciation/depreciation

     4,181        503,189        5,948,956        2,183,682        158,796  

Net realized and unrealized gain (loss) on investments

     (17,367      (320,007      (481,062      2,721,314        149,965  

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 516,483      $ (280,289    $ 37,830      $ 2,946,050      $ 222,310  

1 Net of foreign withholding tax of:

                        $ 57         

 

See Notes to Financial Statements.

 

WisdomTree Trust      109  


Table of Contents

Statements of Operations (unaudited) (concluded)

WisdomTree Trust

For the Period Ended December 31, 2019

 

 

 

      WisdomTree
Cloud
Computing Fund1
 

INVESTMENT INCOME:

  

Dividends

   $ 1,132  

Securities lending income (Note 2)

     645  

Total investment income

     1,777  

EXPENSES:

 

Advisory fees (Note 3)

     12,046  

Service fees (Note 2)

     118  

Total expenses

     12,164  

Net investment loss

     (10,387

NET REALIZED AND UNREALIZED GAIN ON INVESTMENTS:

 

Net realized gain from:

  

Investment transactions

     63,913  

Net increase in unrealized appreciation/depreciation:

  

Investment transactions

     527,985  

Net realized and unrealized gain on investments

     591,898  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 581,511  

1 For the period September 6, 2019 (commencement of operations) through December 31, 2019.

  

 

See Notes to Financial Statements.

 

110   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

      WisdomTree Dynamic Currency
Hedged International Equity Fund
     WisdomTree Dynamic Currency
Hedged International Quality
Dividend Growth Fund
     WisdomTree Dynamic Currency
Hedged International SmallCap
Equity Fund
 
      For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

        

Net investment income

   $ 3,062,377      $ 8,591,692      $ 281,776      $ 443,074      $ 502,101      $ 925,709  

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

     2,003,351        15,207,638        232,416        276,477        76,696        (23,511

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

     12,940,900        (15,352,082      2,746,047        (986,555      4,515,833        (1,119,170

Net increase (decrease) in net assets resulting from operations

     18,006,628        8,447,248        3,260,239        (267,004      5,094,630        (216,972

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (4,001,723      (8,264,658      (528,228      (1,206,725      (690,486      (790,071

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     4,153,748        79,955,557               18,960,415        7,454,168        20,745,568  

Cost of shares redeemed

     (10,645,286      (89,905,000             (8,474,095             (3,024,924

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

     (6,491,538      (9,949,443             10,486,320        7,454,168        17,720,644  

Net Increase (Decrease) in Net Assets

     7,513,367        (9,766,853      2,732,011        9,012,591        11,858,312        16,713,601  

NET ASSETS:

 

Beginning of period

   $ 252,361,734      $ 262,128,587      $ 28,748,955      $ 19,736,364      $ 34,040,695      $ 17,327,094  

End of period

   $ 259,875,101      $ 252,361,734      $ 31,480,966      $ 28,748,955      $ 45,899,007      $ 34,040,695  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

     8,750,000        9,050,000        1,200,000        800,000        1,150,000        550,000  

Shares created

     150,000        2,850,000               800,000        250,000        700,000  

Shares redeemed

     (350,000      (3,150,000             (400,000             (100,000

Shares outstanding, end of period

     8,550,000        8,750,000        1,200,000        1,200,000        1,400,000        1,150,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      111  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree Emerging
Markets Dividend Fund
    WisdomTree Europe
Multifactor Fund
    WisdomTree ICBCCS
S&P China 500 Fund
 
     For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
    For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
    For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 1,047,801     $ 1,527,708     $ 98,285     $ 381,844     $ 136,647     $ 293,374  

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

    (1,147,254     (1,170,388     (150,819     (1,050,320     (627,538     (929,844

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

    4,150,590       1,697,182       1,039,702       230,143       1,940,489       382,001  

Net increase (decrease) in net assets resulting from operations

    4,051,137       2,054,502       987,168       (438,333     1,449,598       (254,469

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (1,444,864     (1,392,048     (145,400     (723,716     (247,000     (271,255

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    6,085,857       15,648,445                         14,248,679  

Cost of shares redeemed

                      (2,508,781     (2,787,769     (5,715,906

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

    6,085,857       15,648,445             (2,508,781     (2,787,769     8,532,773  

Net Increase (Decrease) in Net Assets

    8,692,130       16,310,899       841,768       (3,670,830     (1,585,171     8,007,049  

NET ASSETS:

 

Beginning of period

  $ 50,353,319     $ 34,042,420     $ 12,729,768     $ 16,400,598     $ 20,847,792     $ 12,840,743  

End of period

  $ 59,045,449     $ 50,353,319     $ 13,571,536     $ 12,729,768     $ 19,262,621     $ 20,847,792  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    1,600,000       1,100,000       450,000       550,000       750,000       450,004  

Shares created

    200,000       500,000                         500,000  

Shares redeemed

                      (100,000     (100,000     (200,004

Shares outstanding, end of period

    1,800,000       1,600,000       450,000       450,000       650,000       750,000  

 

See Notes to Financial Statements.

 

112   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree Japan
Multifactor Fund
    WisdomTree U.S. Corporate
Bond Fund
    WisdomTree U.S. High Yield
Corporate Bond Fund
 
     For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
    For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
    For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 7,127     $ 58,961     $ 139,999     $ 159,270     $ 684,507     $ 564,695  

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

    12,222       147,482       31,757       (49,131     (23,057     (2,090

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

    110,360       (458,527     88,801       377,810       400,476       430,842  

Net increase (decrease) in net assets resulting from operations

    129,709       (252,084     260,557       487,949       1,061,926       993,447  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (13,638     (65,184     (142,500     (157,460     (684,800     (575,980

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

                15,696,716       2,359,600       20,589,674       10,058,537  

Cost of shares redeemed

          (1,283,639           (2,359,600            

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

          (1,283,639     15,696,716             20,589,674       10,058,537  

Net Increase (Decrease) in Net Assets

    116,071       (1,600,907     15,814,773       330,489       20,966,800       10,476,004  

NET ASSETS:

 

Beginning of period

  $ 1,222,177     $ 2,823,084     $ 5,109,210     $ 4,778,721     $ 15,453,448     $ 4,977,444  

End of period

  $ 1,338,248     $ 1,222,177     $ 20,923,983     $ 5,109,210     $ 36,420,248     $ 15,453,448  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    50,000       100,000       100,000       100,000       300,000       100,000  

Shares created

                300,000       50,000       400,000       200,000  

Shares redeemed

          (50,000           (50,000            

Shares outstanding, end of period

    50,000       50,000       400,000       100,000       700,000       300,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      113  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree U.S. Short-Term
Corporate Bond Fund
    WisdomTree U.S. Short-Term
High Yield Corporate Bond Fund
    WisdomTree Dynamic Bearish
U.S. Equity Fund
 
     For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
    For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
    For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 97,292     $ 123,587     $ 533,850     $ 643,560     $ 39,718     $ 261,650  

Net realized gain (loss) on investments and swap contracts

    14,707       (11,581     (21,548     (76,056     (823,196     (1,630,286

Net increase (decrease) in unrealized appreciation/depreciation on investments and swap contracts

    56,843       150,586       4,181       158,526       503,189       (980,278

Net increase (decrease) in net assets resulting from operations

    168,842       262,592       516,483       726,030       (280,289     (2,348,914

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (98,900     (122,743     (538,400     (640,720            

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    5,042,352       2,449,872             25,053,118             13,035,677  

Cost of shares redeemed

          (2,449,872           (9,948,021     (3,295,727     (11,105,343

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

    5,042,352                   15,105,097       (3,295,727     1,930,334  

Net Increase (Decrease) in Net Assets

    5,112,294       139,849       (21,917     15,190,407       (3,576,016     (418,580

NET ASSETS:

 

Beginning of period

  $ 5,043,188     $ 4,903,339     $ 20,181,286     $ 4,990,879     $ 8,666,568     $ 9,085,148  

End of period

  $ 10,155,482     $ 5,043,188     $ 20,159,369     $ 20,181,286     $ 5,090,552     $ 8,666,568  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    100,000       100,000       400,000       100,000       400,000       350,000  

Shares created

    100,000       50,000             500,000             500,000  

Shares redeemed

          (50,000           (200,000     (150,000     (450,000

Shares outstanding, end of period

    200,000       100,000       400,000       400,000       250,000       400,000  

 

See Notes to Financial Statements.

 

114   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree Dynamic Long/Short
U.S. Equity Fund
    WisdomTree 90/60 U.S.
Balanced Fund
    WisdomTree Balanced
Income Fund
 
     For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
    For the
Six Months Ended
December 31, 2019
(unaudited)
    For the Period
August 2, 2018*
through
June 30, 2019
    For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 518,892     $ 2,793,750     $ 224,736     $ 63,220     $ 72,345     $ 107,870  

Net realized gain (loss) on investments, swap contracts and futures contracts

    (6,430,018     (18,291,340     537,632       94,277       (8,831     (7,140

Net increase (decrease) in unrealized appreciation/depreciation on investments and futures contracts

    5,948,956       (8,692,193     2,183,682       438,420       158,796       155,794  

Net increase (decrease) in net assets resulting from operations

    37,830       (24,189,783     2,946,050       595,917       222,310       256,524  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

          (3,467,921     (383,728     (59,123     (74,097     (108,265

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

          124,489,129       52,717,209       4,891,593             2,356,104  

Cost of shares redeemed

    (35,678,193     (151,955,762     (16,349,346     (103           (96

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

    (35,678,193     (27,466,633     36,367,863       4,891,490             2,356,008  

Net Increase (Decrease) in Net Assets

    (35,640,363     (55,124,337     38,930,185       5,428,284       148,213       2,504,267  

NET ASSETS:

 

Beginning of period

  $ 70,767,434     $ 125,891,771     $ 5,428,384     $ 100     $ 3,694,788     $ 1,190,521  

End of period

  $ 35,127,071     $ 70,767,434     $ 44,358,569     $ 5,428,384     $ 3,843,001     $ 3,694,788  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    2,550,000       3,800,000       200,000       4       150,000       50,004  

Shares created

          3,750,000       1,900,000       200,000             100,000  

Shares redeemed

    (1,300,000     (5,000,000     (600,000     (4           (4

Shares outstanding, end of period

    1,250,000       2,550,000       1,500,000       200,000       150,000       150,000  
*

Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust      115  


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

      WisdomTree Cloud Computing Fund  
      For the Period
September 6, 2019*
through
December 31, 2019
(unaudited)
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment loss

   $ (10,387

Net realized gain on investments

     63,913  

Net increase in unrealized appreciation/depreciation on investments

     527,985  

Net increase in net assets resulting from operations

     581,511  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

      

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     13,476,119  

Cost of shares redeemed

      

Net increase in net assets resulting from capital share transactions

     13,476,119  

Net Increase in Net Assets

     14,057,630  

NET ASSETS:

 

Beginning of period

   $ 100  

End of period

   $ 14,057,730  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

     4  

Shares created

     550,000  

Shares redeemed

      

Shares outstanding, end of period

     550,004  
*

Commencement of operations.

 

See Notes to Financial Statements.

 

116   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 Dynamic Currency Hedged
International Equity Fund
   For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
    For the
Year Ended
June 30, 2018
    For the
Year Ended
June 30, 2017
    For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 28.84     $ 28.96     $ 28.27     $ 24.26     $ 24.18  

Investment operations:

          

Net investment income1

     0.35       1.04       1.00       0.98       0.79  

Net realized and unrealized gain (loss)

     1.66       (0.17     0.70       4.32       (0.35

Total from investment operations

     2.01       0.87       1.70       5.30       0.44  

Dividends and distributions to shareholders:

          

Net investment income

     (0.46     (0.99     (1.01     (0.83     (0.36

Capital gains

                       (0.46      

Total dividends and distributions to shareholders

     (0.46     (0.99     (1.01     (1.29     (0.36

Net asset value, end of period

   $ 30.39     $ 28.84     $ 28.96     $ 28.27     $ 24.26  

TOTAL RETURN2

     7.01     3.11     6.04     22.25     1.82

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 259,875     $ 252,362     $ 262,129     $ 450,964     $ 243,806  

Ratios to average net assets of:

          

Expenses, net of expense waivers

     0.35 %3       0.35     0.35     0.35     0.35 %3  

Expenses, prior to expense waivers

     0.40 %3       0.40     0.40     0.40     0.40 %3  

Net investment income

     2.37 %3       3.68     3.33     3.67     6.79 %3  

Portfolio turnover rate4

     4     26     15     27     28

 

         
WisdomTree Dynamic Currency Hedged
International Quality Dividend Growth Fund
   For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the Period
November 3, 2016*
through
June 30, 2017
 

Net asset value, beginning of period

   $ 23.96      $ 24.67      $ 23.31      $ 19.63  

Investment operations:

           

Net investment income1

     0.23        0.49        0.71        0.32  

Net realized and unrealized gain

     2.48        0.02        1.03        3.52  

Total from investment operations

     2.71        0.51        1.74        3.84  

Dividends and distributions to shareholders:

           

Net investment income

     (0.27      (0.29      (0.21      (0.15

Capital gains

     (0.17      (0.93      (0.17       

Tax return of capital

                          (0.01

Total dividends and distributions to shareholders

     (0.44      (1.22      (0.38      (0.16

Net asset value, end of period

   $ 26.23      $ 23.96      $ 24.67      $ 23.31  

TOTAL RETURN2

     11.38      2.56      7.44      19.61

RATIOS/SUPPLEMENTAL DATA:

           

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

   $ 31,481      $ 28,749      $ 19,736      $ 2,331  

Ratios to average net assets5 of:

           

Expenses, net of expense waivers

     0.10 %3        0.10      0.10      0.10 % 

Expenses, prior to expense waivers

     0.58 %3        0.58      0.58      0.58 % 

Net investment income

     1.89 %3        2.10      2.87      2.23 % 

Portfolio turnover rate4

     3      6      4      4
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result 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 ratio to average net assets do not include net investment income (loss) of investment companies in which the Fund invests.

 

See Notes to Financial Statements.

 

WisdomTree Trust      117  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree Dynamic Currency
Hedged International SmallCap
Equity Fund
   For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 29.60      $ 31.50      $ 30.12      $ 23.87      $ 24.24  

Investment operations:

              

Net investment income1

     0.39        1.12        1.11        0.86        0.52  

Net realized and unrealized gain (loss)

     3.32        (2.29      0.92        6.18        (0.41

Total from investment operations

     3.71        (1.17      2.03        7.04        0.11  

Dividends to shareholders:

              

Net investment income

     (0.52      (0.73      (0.65      (0.79      (0.48

Net asset value, end of period

   $ 32.79      $ 29.60      $ 31.50      $ 30.12      $ 23.87  

TOTAL RETURN2

     12.61      (3.70 )%       6.73      29.80      0.36

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 45,899      $ 34,041      $ 17,327      $ 3,012      $ 2,388  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.43 %3        0.43      0.43      0.43      0.43 % 

Expenses, prior to expense waivers

     0.48 %3        0.48      0.48      0.48      0.48 % 

Net investment income

     2.58 %3        3.77      3.41      3.16      4.42 % 

Portfolio turnover rate4

     5      55      95      75      50

 

           
WisdomTree Emerging Markets
Dividend Fund
   For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the
Year Ended
June 30, 2017
     For the Period
April 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 31.47      $ 30.95      $ 29.71      $ 25.63      $ 24.53  

Investment operations:

              

Net investment income1

     0.62        1.21        0.96        0.96        0.36  

Net realized and unrealized gain

     1.55        0.38        1.14        3.96        0.87  

Total from investment operations

     2.17        1.59        2.10        4.92        1.23  

Dividends to shareholders:

              

Net investment income

     (0.84      (1.07      (0.86      (0.84      (0.13

Net asset value, end of period

   $ 32.80      $ 31.47      $ 30.95      $ 29.71      $ 25.63  

TOTAL RETURN2

     7.07      5.25      7.05 %5        19.46      5.01

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 59,045      $ 50,353      $ 34,042      $ 11,885      $ 2,563  

Ratios to average net assets of:

              

Expenses

     0.32 %3        0.32      0.32      0.32      0.32 % 

Net investment income

     4.03 %3        3.97      2.91      3.38      6.14 % 

Portfolio turnover rate4

     25      26      22      15      4
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result 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 reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

See Notes to Financial Statements.

 

118   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 Europe Multifactor Fund    For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 28.29      $ 29.82      $ 29.27      $ 23.27      $ 24.25  

Investment operations:

              

Net investment income1

     0.22        0.76        1.20        0.47        0.70  

Net realized and unrealized gain (loss)

     1.97        (0.89      0.38        6.08        (1.11

Total from investment operations

     2.19        (0.13      1.58        6.55        (0.41

Dividends and distributions to shareholders:

              

Net investment income

     (0.32      (0.53      (0.86      (0.44      (0.57

Capital gains

            (0.87      (0.17      (0.11       

Total dividends and distributions to shareholders

     (0.32      (1.40      (1.03      (0.55      (0.57

Net asset value, end of period

   $ 30.16      $ 28.29      $ 29.82      $ 29.27      $ 23.27  

TOTAL RETURN2

     7.79      (0.25 )%       5.41      28.55      (1.81 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 13,572      $ 12,730      $ 16,401      $ 1,463      $ 4,655  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.43 %3        0.43      0.43      0.43      0.43 % 

Expenses, prior to expense waivers

     0.48 %3        0.48      0.48      0.48      0.48 % 

Net investment income

     1.52 %3        2.68      3.82      1.86      6.02 % 

Portfolio turnover rate4

     78      109      37      12      25

 

       
WisdomTree ICBCCS S&P China 500 Fund    For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the Period
December 21, 2017*
through
June 30, 2018
 

Net asset value, beginning of period

   $ 27.80      $ 28.53      $ 30.57  

Investment operations:

        

Net investment income1

     0.20        0.52        0.24  

Net realized and unrealized gain (loss)

     2.01        (0.80      (2.18

Total from investment operations

     2.21        (0.28      (1.94

Dividends to shareholders:

        

Net investment income

     (0.38      (0.45      (0.10

Net asset value, end of period

   $ 29.63      $ 27.80      $ 28.53  

TOTAL RETURN2

     8.09      (0.90 )%       (6.35 )% 

RATIOS/SUPPLEMENTAL DATA:

        

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

   $ 19,263      $ 20,848      $ 12,841  

Ratios to average net assets of:

        

Expenses

     0.55 %3        0.55      0.55 %3  

Net investment income

     1.43 %3        1.98      1.43 %3  

Portfolio turnover rate4

     5      28      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 for the WisdomTree Europe Multifactor Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result 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      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 Japan Multifactor Fund    For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.44      $ 28.23      $ 27.57      $ 22.25      $ 24.38  

Investment operations:

              

Net investment income1

     0.14        0.64        0.56        0.38        0.28  

Net realized and unrealized gain (loss)

     2.45        (3.49      1.19        5.32        (2.22

Total from investment operations

     2.59        (2.85      1.75        5.70        (1.94

Dividends to shareholders:

              

Net investment income

     (0.27      (0.94      (1.09      (0.38      (0.19

Net asset value, end of period

   $ 26.76      $ 24.44      $ 28.23      $ 27.57      $ 22.25  

TOTAL RETURN2

     10.63      (10.20 )%       6.34      25.70      (8.00 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 1,338      $ 1,222      $ 2,823      $ 2,757      $ 4,449  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.43 %       0.43      0.43      0.43      0.43 % 

Expenses, prior to expense waivers

     0.48 %       0.48      0.48      0.48      0.48 % 

Net investment income

     1.12 %       2.38      1.92      1.51      2.50 % 

Portfolio turnover rate4

     71      104      13      15      22

 

           
WisdomTree U.S. Corporate Bond Fund    For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 51.09      $ 47.79      $ 49.88      $ 50.69      $ 49.96  

Investment operations:

              

Net investment income1

     0.75        1.59        1.49        1.36        0.22  

Net realized and unrealized gain (loss)

     1.27        3.28        (2.02      (0.63      0.72  

Total from investment operations

     2.02        4.87        (0.53      0.73        0.94  

Dividends and distributions to shareholders:

              

Net investment income

     (0.80      (1.57      (1.56      (1.30      (0.21

Capital gains

                          (0.24       

Total dividends and distributions to shareholders

     (0.80      (1.57      (1.56      (1.54      (0.21

Net asset value, end of period

   $ 52.31      $ 51.09      $ 47.79      $ 49.88      $ 50.69  

TOTAL RETURN2

     3.98      10.44      (1.11 )%       1.52      1.89

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 20,924      $ 5,109      $ 4,779      $ 4,988      $ 5,069  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.18 %3        0.18      0.18      0.18      0.18 % 

Expenses, prior to expense waivers

     0.28 %3        0.28      0.28      0.28      0.28 % 

Net investment income

     2.88 %3        3.29      3.02      2.74      2.50 % 

Portfolio turnover rate4

     18      22      21      45      3
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

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. High Yield Corporate
Bond Fund
   For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 51.51      $ 49.77      $ 52.29      $ 50.41      $ 50.19  

Investment operations:

              

Net investment income1

     1.39        2.84        2.91        2.80        0.47  

Net realized and unrealized gain (loss)

     0.47        1.69        (2.14      2.24        0.20  

Total from investment operations

     1.86        4.53        0.77        5.04        0.67  

Dividends and distributions to shareholders:

              

Net investment income

     (1.34      (2.75      (2.89      (2.79      (0.45

Capital gains

            (0.04      (0.40      (0.37       

Total dividends and distributions to shareholders

     (1.34      (2.79      (3.29      (3.16      (0.45

Net asset value, end of period

   $ 52.03      $ 51.51      $ 49.77      $ 52.29      $ 50.41  

TOTAL RETURN2

     3.67      9.43      1.49      10.23      1.34

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 36,420      $ 15,453      $ 4,977      $ 5,229      $ 5,041  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.38 %3        0.38      0.38      0.38      0.38 % 

Expenses, prior to expense waivers

     0.48 %3        0.48      0.48      0.48      0.48 % 

Net investment income

     5.39 %3        5.68      5.67      5.38      5.31 % 

Portfolio turnover rate4

     7      14      35      51      0

 

           
WisdomTree U.S. Short-Term
Corporate Bond Fund
   For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.43      $ 49.03      $ 49.94      $ 50.20      $ 49.98  

Investment operations:

              

Net investment income1

     0.62        1.24        0.98        0.79        0.12  

Net realized and unrealized gain (loss)

     0.33        1.39        (0.88      (0.28      0.21  

Total from investment operations

     0.95        2.63        0.10        0.51        0.33  

Dividends to shareholders:

              

Net investment income

     (0.60      (1.23      (1.01      (0.77      (0.11

Net asset value, end of period

   $ 50.78      $ 50.43      $ 49.03      $ 49.94      $ 50.20  

TOTAL RETURN2

     1.90      5.44      0.19      1.02      0.66

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 10,155      $ 5,043      $ 4,903      $ 4,994      $ 5,020  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.18 %3        0.18      0.18      0.18      0.18 % 

Expenses, prior to expense waivers

     0.28 %3        0.28      0.28      0.28      0.28 % 

Net investment income

     2.42 %3        2.50      1.98      1.58      1.35 % 

Portfolio turnover rate4

     26      28      41      38      14
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

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

 

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. Short-Term High
Yield Corporate Bond Fund
   For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.45      $ 49.91      $ 51.39      $ 50.32      $ 49.95  

Investment operations:

              

Net investment income1

     1.33        2.66        2.39        2.43        0.51  

Net realized and unrealized gain (loss)

     (0.03      0.51        (0.77      1.60        0.35  

Total from investment operations

     1.30        3.17        1.62        4.03        0.86  

Dividends and distributions to shareholders:

              

Net investment income

     (1.35      (2.63      (2.38      (2.42      (0.49

Capital gains

                   (0.72      (0.54       

Total dividends and distributions to shareholders

     (1.35      (2.63      (3.10      (2.96      (0.49

Net asset value, end of period

   $ 50.40      $ 50.45      $ 49.91      $ 51.39      $ 50.32  

TOTAL RETURN2

     2.61      6.54      3.28      8.19      1.73

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 20,159      $ 20,181      $ 4,991      $ 5,139      $ 5,032  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.38 %3        0.38      0.38      0.38      0.38 % 

Expenses, prior to expense waivers

     0.48 %3        0.48      0.48      0.48      0.48 % 

Net investment income

     5.29 %3        5.34      4.73      4.72      5.66 % 

Portfolio turnover rate4

     21      18      66      69      0

 

           
WisdomTree Dynamic Bearish U.S.
Equity Fund
   For the
Six Months Ended
December 31, 2019
(unaudited)
    For the
Year Ended
June 30, 2019
    For the
Year Ended
June 30, 2018
    For the
Year Ended
June 30, 2017
    For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 21.67     $ 25.96     $ 25.72     $ 24.28     $ 24.30  

Investment operations:

          

Net investment income1

     0.15       0.54       0.44       0.47       0.08  

Net realized and unrealized gain (loss)

     (1.46     (4.83     (0.20     0.97       (0.06

Total from investment operations

     (1.31     (4.29     0.24       1.44       0.02  

Distributions to shareholders:

          

Tax return of capital

                             (0.04

Net asset value, end of period

   $ 20.36     $ 21.67     $ 25.96     $ 25.72     $ 24.28  

TOTAL RETURN2

     (6.05 )%      (16.53 )%      0.93     5.93     0.06

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 5,091     $ 8,667     $ 9,085     $ 5,144     $ 10,927  

Ratios to average net assets of:

          

Expenses, net of expense waivers

     0.48 %      0.48     0.48     0.48     0.48 %3  

Expenses, prior to expense waivers

     0.53 %      0.53     0.53     0.53     0.53 %3  

Net investment income

     1.37 %      2.22     1.70     1.90     0.60 %3  

Portfolio turnover rate4

     0     249     158     153     4
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

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

 

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 Dynamic Long/Short
U.S. Equity Fund
   For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the
Year Ended
June 30, 2018
     For the
Year Ended
June 30, 2017
     For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 27.75      $ 33.13      $ 30.17      $ 26.70      $ 25.13  

Investment operations:

              

Net investment income1

     0.31        0.66        0.56        0.55        0.24  

Net realized and unrealized gain (loss)

     0.04        (5.41      2.72        3.47        1.49  

Total from investment operations

     0.35        (4.75      3.28        4.02        1.73  

Dividends to shareholders:

              

Net investment income

            (0.63      (0.32      (0.55      (0.16

Net asset value, end of period

   $ 28.10      $ 27.75      $ 33.13      $ 30.17      $ 26.70  

TOTAL RETURN2

     1.26      (14.33 )%       10.90      15.25      6.88

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 35,127      $ 70,767      $ 125,892      $ 52,797      $ 17,358  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.48 %3        0.48      0.48      0.48      0.48 %3  

Expenses, prior to expense waivers

     0.53 %3        0.53      0.53      0.53      0.53 %3  

Net investment income

     2.21 %3        2.10      1.74      1.95      1.80 %3  

Portfolio turnover rate4

     60      184      152      126      70

 

     
WisdomTree 90/60 U.S. Balanced Fund    For the
Six Months Ended
December 31, 2019
(unaudited)
     For the Period
August 2, 2018*
through
June 30, 2019
 

Net asset value, beginning of period

   $ 27.14      $ 25.08  

Investment operations:

     

Net investment income1

     0.23        0.38  

Net realized and unrealized gain

     2.47        2.01  

Total from investment operations

     2.70        2.39  

Dividends and distributions to shareholders:

     

Net investment income

     (0.16      (0.33

Capital gains

     (0.11       

Total dividends and distributions to shareholders

     (0.27      (0.33

Net asset value, end of period

   $ 29.57      $ 27.14  

TOTAL RETURN2

     9.97      9.64

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 44,359      $ 5,428  

Ratios to average net assets of:

     

Expenses

     0.20 %3        0.20 % 

Net investment income

     1.61 %3        1.68 % 

Portfolio turnover rate4

     7      11
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Dynamic Long/Short U.S. Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

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

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

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

 

 

WisdomTree Balanced Income Fund    For the
Six Months Ended
December 31, 2019
(unaudited)
     For the
Year Ended
June 30, 2019
     For the Period
December 21, 2017*
through
June 30, 2018
 

Net asset value, beginning of period

   $ 24.63      $ 23.81      $ 24.92  

Investment operations:

        

Net investment income1

     0.48        0.92        0.53  

Net realized and unrealized gain (loss)

     1.00        0.77        (1.13

Total from investment operations

     1.48        1.69        (0.60

Dividends to shareholders:

        

Net investment income

     (0.49      (0.87      (0.51

Net asset value, end of period

   $ 25.62      $ 24.63      $ 23.81  

TOTAL RETURN2

     6.07      7.27      (2.43 )% 

RATIOS/SUPPLEMENTAL DATA:

        

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

   $ 3,843      $ 3,695      $ 1,191  

Ratios to average net assets3 of:

        

Expenses, net of expense waivers

     0.03 %       0.03      0.03 % 

Expenses, prior to expense waivers

     0.40 %       0.40      0.40 % 

Net investment income

     3.85 %       3.85      4.12 % 

Portfolio turnover rate5

     9      3      1

 

   
WisdomTree Cloud Computing Fund    For the Period
September 6, 2019*
through
December 31, 2019
(unaudited)
 

Net asset value, beginning of period

   $ 25.30  

Investment operations:

  

Net investment loss1

     (0.03

Net realized and unrealized gain

     0.29  

Total from investment operations

     0.26  

Dividends to shareholders:

  

Net investment income

      

Net asset value, end of period

   $ 25.56  

TOTAL RETURN2

     2.00

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 14,058  

Ratios to average net assets of:

  

Expenses

     0.45 %4  

Net investment loss

     (0.39 )% 

Portfolio turnover rate5

     9
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Balanced income Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratio to average net assets do not include net investment income (loss) of investment companies in which the Fund invests.

 

4 

Annualized.

 

5 

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

 

See Notes to Financial Statements.

 

124   WisdomTree Trust


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 Dynamic Currency Hedged International Equity Fund (“Dynamic Currency Hedged International Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     January 7, 2016  

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (“Dynamic Currency Hedged International Quality Dividend Growth Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     November 3, 2016  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (“Dynamic Currency Hedged International SmallCap Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     January 7, 2016  

WisdomTree Emerging Markets Dividend Fund (“Emerging Markets Dividend Fund’’)

     April 7, 2016  

WisdomTree Europe Multifactor Fund (“Europe Multifactor Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     January 7, 2016  

WisdomTree ICBCCS S&P China 500 Fund (“ICBCCS S&P China 500 Fund’’)

     December 21, 2017  

WisdomTree Japan Multifactor Fund (“Japan Multifactor Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     January 7, 2016  

WisdomTree U.S. Corporate Bond Fund (“U.S. Corporate Bond Fund’’) (formerly, WisdomTree Fundamental U.S. Corporate Bond Fund)

     April 27, 2016  

WisdomTree U.S. High Yield Corporate Bond Fund (“U.S. High Yield Corporate Bond Fund’’) (formerly, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund)

     April 27, 2016  

WisdomTree U.S. Short-Term Corporate Bond Fund (“U.S. Short-Term Corporate Bond Fund’’) (formerly, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund)

     April 27, 2016  

WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (“U.S. Short-Term High Yield Corporate Bond Fund’’) (formerly, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund)

     April 27, 2016  

WisdomTree Dynamic Bearish U.S. Equity Fund (“Dynamic Bearish U.S. Equity Fund’’)

     December 23, 2015  

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

     December 23, 2015  

WisdomTree 90/60 U.S. Balanced Fund (“90/60 U.S. Balanced Fund’’)

     August 2, 2018  

WisdomTree Balanced Income Fund (“Balanced Income Fund’’)

     December 21, 2017  

WisdomTree Cloud Computing Fund (“Cloud Computing Fund’’)

     September 6, 2019  

Each Fund, except the WisdomTree Europe Multifactor Fund, WisdomTree Japan Multifactor Fund and the WisdomTree 90/60 U.S. Balanced Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’) or an Index developed by a third party. The WisdomTree Europe Multifactor Fund, WisdomTree Japan Multifactor Fund and the WisdomTree 90/60 U.S. Balanced Fund are actively managed using a rules-based model approach. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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

 

WisdomTree Trust      125  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (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) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities, may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. U.S. fixed income securities may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade. Swap contracts are generally marked to market daily based upon values from independent pricing service providers or quotations from broker-dealers to the extent available.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject 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.

 

126   WisdomTree Trust


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 December 31, 2019 in valuing each Fund’s assets:

 

       
Dynamic Currency Hedged International Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 7,828,132      $ 204,502      $  

Other*

     253,178,728                

Rights

                          

Spain

     19,079        3,746         

Investment of Cash Collateral for Securities Loaned

            3,772,174         

Total

   $ 261,025,939      $ 3,980,422      $  

Unrealized Appreciation on Foreign Currency Contracts

            86,753         

Unrealized Depreciation on Foreign Currency Contracts

            (3,045,939       

Total - Net

   $ 261,025,939      $ 1,021,236      $  
        
       
Dynamic Currency Hedged International Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Exchange-Traded Fund

   $ 31,466,576      $      $  

Total

   $ 31,466,576      $      $  

Unrealized Appreciation on Foreign Currency Contracts

            533         

Unrealized Depreciation on Foreign Currency Contracts

            (357,293       

Total - Net

   $ 31,466,576      $ (356,760    $  
        

 

WisdomTree Trust      127  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

       
Dynamic Currency Hedged International SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 859,848      $ 76,973      $  

Singapore

     1,277,425               17,945 ** 

Other*

     43,874,593                

Rights*

            2,000         

Investment of Cash Collateral for Securities Loaned

            2,635,449         

Total

   $ 46,011,866      $ 2,714,422      $ 17,945  

Unrealized Appreciation on Foreign Currency Contracts

            3,488         

Unrealized Depreciation on Foreign Currency Contracts

            (556,562       

Total - Net

   $ 46,011,866      $ 2,161,348      $ 17,945  
        
       
Emerging Markets Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 15,750,709      $ 25,976      $  

South Africa

     2,951,608               0 ** 

Other*

     40,213,870                

Rights

                          

Brazil

                   0 ** 

India

            523         

Warrants

            0         

Investment of Cash Collateral for Securities Loaned

            482,438         

Total

   $ 58,916,187      $ 508,937      $ 0  
        
       
Europe Multifactor Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 13,533,499      $      $  

Rights

            2,784         

Investment of Cash Collateral for Securities Loaned

            45,757         

Total

   $ 13,533,499      $ 48,541      $  

Unrealized Appreciation on Foreign Currency Contracts

            18,629         

Unrealized Depreciation on Foreign Currency Contracts

            (31,760       

Total - Net

   $ 13,533,499      $ 35,410      $  
        
       
ICBCCS S&P China 500 Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Chemicals

   $ 309,212      $      $ 0 ** 

Metals & Mining

     536,797        14,770         

Other*

     18,312,181                

Investment of Cash Collateral for Securities Loaned

            79,130         

Total

   $ 19,158,190      $ 93,900      $ 0  
        
       
Japan Multifactor Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,338,898      $      $  

Investment of Cash Collateral for Securities Loaned

            7,860         

Total

   $ 1,338,898      $ 7,860      $  

Unrealized Appreciation on Foreign Currency Contracts

            22         

Unrealized Depreciation on Foreign Currency Contracts

            (3,992       

Total - Net

   $ 1,338,898      $ 3,890      $  
        

 

128   WisdomTree Trust


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

       
U.S. Corporate Bond Fund    Level 1      Level 2      Level 3  

U.S. Corporate Bonds

   $      $ 20,572,931      $  

Foreign Corporate Bonds

            107,670         

U.S. Government Obligations

            10,283         

Investment of Cash Collateral for Securities Loaned

            726,858         

Total

   $      $ 21,417,742      $  
        
       
U.S. High Yield Corporate Bond Fund    Level 1      Level 2      Level 3  

U.S. Corporate Bonds

   $      $ 35,336,332      $  

Foreign Corporate Bonds

            363,923         

Investment of Cash Collateral for Securities Loaned

            5,379,275         

Total

   $      $ 41,079,530      $  
        
       
U.S. Short-Term Corporate Bond Fund    Level 1      Level 2      Level 3  

U.S. Corporate Bonds

   $      $ 9,485,876      $  

Foreign Corporate Bonds

            491,190         

U.S. Government Obligations

            41,265         

Investment of Cash Collateral for Securities Loaned

            664,285         

Total

   $      $ 10,682,616      $  
        
       
U.S. Short-Term High Yield Corporate Bond Fund    Level 1      Level 2      Level 3  

U.S. Corporate Bonds

   $      $ 19,409,347      $  

Foreign Corporate Bonds

            246,367         

Investment of Cash Collateral for Securities Loaned

            1,841,183         

Total

   $      $ 21,496,897      $  
        
       
Dynamic Bearish U.S. Equity Fund    Level 1      Level 2      Level 3  

U.S. Government Obligations

   $      $ 5,802,131      $  

Total

   $      $ 5,802,131      $  

Unrealized Depreciation on Swap Contracts

            (173,171       

Total - Net

   $      $ 5,628,960      $  
        
       
Dynamic Long/Short U.S. Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 35,060,559      $      $  

Investment of Cash Collateral for Securities Loaned

            529,220         

Total

   $ 35,060,559      $ 529,220      $  
        
       
90/60 U.S. Balanced Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 40,616,892      $      $  

U.S. Government Obligations

            249,272         

Total

   $ 40,616,892      $ 249,272      $  

Unrealized Depreciation on Futures Contracts

     (230,724              

Total - Net

   $ 40,386,168      $ 249,272      $  
        

 

WisdomTree Trust      129  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

       
Balanced Income Fund    Level 1      Level 2      Level 3  

Exchange-Traded Funds

   $ 3,841,812      $      $  

Investment of Cash Collateral for Securities Loaned

            355,707         

Total

   $ 3,841,812      $ 355,707      $  
        
       
Cloud Computing Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 14,042,163      $      $  

Investment of Cash Collateral for Securities Loaned

            1,364,909         

Total

   $ 14,042,163      $ 1,364,909      $  
  *

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 December 31, 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, swap contracts and futures contracts during the period ended December 31, 2019 and open positions in such derivatives as of December 31, 2019 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the security or where the counterparty to a derivative contract might default on its obligations. The Funds’ derivative agreements also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at December 31, 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 135. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of December 31, 2019, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.

As of December 31, 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  

Dynamic Currency Hedged International Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $ 86,753      Unrealized depreciation on foreign currency contracts    $  3,045,939  

Dynamic Currency Hedged International Quality Dividend Growth Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     533      Unrealized depreciation on
foreign currency contracts
     357,293  

Dynamic Currency Hedged International SmallCap Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     3,488      Unrealized depreciation on
foreign currency contracts
     556,562  

Europe Multifactor Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     18,629      Unrealized depreciation on
foreign currency contracts
     31,760  

Japan Multifactor Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     22      Unrealized depreciation on
foreign currency contracts
     3,992  

Dynamic Bearish U.S. Equity Fund

 

Equity contracts

   Unrealized appreciation on
swap contracts
          Unrealized depreciation on
swap contracts
     173,171  

90/60 U.S. Balanced Fund

 

Interest rate contracts

   Unrealized appreciation on
futures contracts*
          Unrealized depreciation on
futures contracts*
     230,724  
  *

Includes cumulative appreciation (depreciation) of futures contracts as reported in each Fund’s Schedule of Investments. Only current day’s variation margin is reported within the Statements of Assets and Liabilities. Please see Note 2 (Futures Contracts) on page 133 for additional information regarding balance sheet location of balances associated with futures contracts.

 

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For the six months or period ended December 31, 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 Recognized
 

Dynamic Currency Hedged International Equity Fund

     

Foreign exchange contracts

   $ 2,076,737      $ (356,633

Dynamic Currency Hedged International Quality Dividend Growth Fund

     

Foreign exchange contracts

     141        (38,831

Dynamic Currency Hedged International SmallCap Equity Fund

     

Foreign exchange contracts

     2,382        (231,093

Emerging Markets Dividend Fund

     

Foreign exchange contracts

     4,141         

Europe Multifactor Fund

     

Foreign exchange contracts

     (64,893      166,440  

ICBCCS S&P China 500 Fund

     

Foreign exchange contracts

     (6,318       

Japan Multifactor Fund

     

Foreign exchange contracts

     11,843        (178

Dynamic Bearish U.S. Equity Fund

     

Equity contracts

     (733,917      260,333  

Dynamic Long/Short U.S. Equity Fund

     

Equity contracts

     (6,232,725      3,413,074  

90/60 U.S. Balanced Fund

     

Interest rate contracts

     121,162        (294,451

 

  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts

Equity contracts

   Net realized gain (loss) from swap contracts

Interest rate contracts

   Net realized gain (loss) from futures contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

Equity contracts

   Net increase (decrease) in unrealized appreciation/depreciation from swap contracts

Interest rate contracts

   Net increase (decrease) in unrealized appreciation/depreciation from futures contracts

During the six months or period ended December 31, 2019, the volume of derivative activity (based on the average of month-end balances) for each Fund was as follows:

 

   
     Average Notional  
Fund    Foreign currency
contracts
(to deliver
USD)
     Foreign currency
contracts
(to receive
USD)
     Swap
contracts
(short)
     Futures
contracts
(long)
 

Dynamic Currency Hedged International Equity Fund

           

Foreign exchange contracts

   $ 162,625,204      $ 322,868,393      $      $  

Dynamic Currency Hedged International Quality Dividend Growth Fund

           

Foreign exchange contracts

     19,128,285        38,108,841                

Dynamic Currency Hedged International SmallCap Equity Fund

           

Foreign exchange contracts

     24,987,794        49,958,165                

Emerging Markets Dividend Fund

           

Foreign exchange contracts

     11,008        6,388                

Europe Multifactor Fund

           

Foreign exchange contracts

     1,514,543        10,840,135                

ICBCCS S&P China 500 Fund1

           

Foreign exchange contracts

     344,783        28,321                

Japan Multifactor Fund

           

Foreign exchange contracts

     97,909        663,443                

 

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Notes to Financial Statements (unaudited) (continued)

 

   
     Average Notional  
Fund    Foreign currency
contracts
(to deliver
USD)
     Foreign currency
contracts
(to receive
USD)
     Swap
contracts
(short)
     Futures
contracts
(long)
 

Dynamic Bearish U.S. Equity Fund

           

Equity contracts

   $      $      $ 5,836,824      $  

Dynamic Long/Short U.S. Equity Fund

           

Equity contracts

                   37,713,957         

90/60 U.S. Balanced Fund

           

Interest rate contracts

                          16,169,730  
  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.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (‘‘Independent Trustees’’); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Foreign minimum reserve funds — In order to mitigate the risk of failed trades in the onshore China equity market, the China Securities Depository and Clearing Corporation Limited (“CSDCC”) requires investors to maintain minimum reserve funds in one of

 

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Notes to Financial Statements (unaudited) (continued)

 

the CDSCC’s designated cash clearing banks. At December 31, 2019, the ICBCCS S&P China 500 Fund, held foreign currency in such a CSDCC designated clearing bank having a U.S. dollar equivalent value equal to $4,020.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the Currency Hedged Equity Funds, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — The Currency Hedged Equity Funds utilized forward foreign currency contracts (‘‘Forward Contract’’) to dynamically obtain either a net long or net short exposure to foreign currencies consistent with each Fund’s investment strategy. The Emerging Markets Dividend Fund and the ICBCCS S&P China 500 Fund utilized Forward Contracts to facilitate foreign security settlements. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

Futures Contracts — The 90/60 U.S. Balanced Fund utilized futures contracts to obtain long exposure to U.S. Treasury obligations consistent with its investment strategy. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.

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.

Total Return Swap Contracts — The Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. Total return swap contracts are agreements between counterparties to exchange the return of a given underlying reference asset/index, including income and any appreciation/depreciation in value of the reference asset/index, in exchange for payments equal to a rate of interest on another reference asset. During the term of the outstanding swap agreement, changes in the underlying value of the swap are recorded as unrealized gains and losses and the periodic payments received or made on the swap are recorded as realized gains or losses. Swap agreements may be used to achieve exposure to, for example, currencies, interest rates, indexes and money market securities without actually purchasing such currencies or securities. A Fund may use swap agreements to invest in a market without owning or taking physical custody of the underlying securities in circumstances in which direct investment is restricted for legal reasons or is otherwise impractical. Swap agreements will tend to shift a Fund’s investment exposure from one type of investment to another or from one payment stream to another. Depending on their structure, swap agreements may increase or decrease a Fund’s exposure to long- or short-term interest rates (in the United States or abroad), foreign currencies, corporate borrowing rates, or other factors, and may increase or decrease the overall volatility of a Fund’s investments and its share price. Total return swaps are exposed to the market risk factor of the specific underlying reference asset/index such as unanticipated movements in the value of the exchange rates, interest rates,

 

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securities, or the reference asset/index. Additional risks to a Fund include the possibility that there is no liquid market for these agreements or that the swap counterparty may default on its obligation to perform. A Fund’s maximum loss from counterparty risk is the fair value of the contract.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.

Master Netting Arrangements — 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 total return swap contracts and 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

 

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defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

The Fund’s futures contracts are all exchange traded and are not subject to master netting arrangements. Therefore, all futures contracts are excluded from the netting table below.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of December 31, 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
 

Dynamic Currency Hedged International Equity Fund

               

Securities Lending

  $ 7,866,743     $     $ (7,866,743 )    $     $     $     $     $  

Foreign Currency Contracts

    86,753       (40,427           46,326       3,045,939       (40,427           3,005,512  

Dynamic Currency Hedged International Quality Dividend Growth Fund

               

Foreign Currency Contracts

    533       (523           10       357,293       (523           356,770  

Dynamic Currency Hedged International SmallCap Equity Fund

               

Securities Lending

    4,134,801             (4,134,801 )                               

Foreign Currency Contracts

    3,488       (3,488                 556,562       (3,488           553,074  

Emerging Markets Dividend Fund

               

Securities Lending

    800,534             (800,534 )1                                

Europe Multifactor Fund

               

Securities Lending

    81,214             (81,214 )1                                

Foreign Currency Contracts

    18,629       (3           18,626       31,760       (3           31,757  

ICBCCS S&P China 500 Fund

               

Securities Lending

    338,631             (338,631 )1                                

Japan Multifactor Fund

               

Securities Lending

    20,758             (20,758 )1                                

Foreign Currency Contracts

    22                   22       3,992                   3,992  

U.S. Corporate Bond Fund

               

Securities Lending

    922,739             (922,739 )1                                

U.S. High Yield Corporate Bond Fund

               

Securities Lending

    5,654,082             (5,654,082 )                               

U.S. Short-Term Corporate Bond Fund

               

Securities Lending

    645,256             (645,256 )1                                

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

               

Securities Lending

    1,866,936             (1,866,936 )                               

Dynamic Bearish U.S. Equity Fund

               

Swap Contracts

                            173,171                   173,171  

Dynamic Long/Short U.S. Equity Fund

               

Securities Lending

    1,439,987             (1,439,987 )                               

Balanced Income Fund

               

Securities Lending

    348,281             (348,281 )1                                

Cloud Computing Fund

               

Securities Lending

    2,461,615             (2,461,615 )                               
  1

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

 

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Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds, except for U.S. Corporate Bond Fund, U.S. High Yield Corporate Bond Fund, U.S. Short-Term Corporate Bond Fund and U.S. Short-Term High Yield Corporate Bond Fund which are sub-advised by Voya Investment Management Co., LLC (‘‘Voya IM’’) and ICBCCS S&P China 500 Fund which is sub-advised by ICBC Credit Suisse Asset Management (International) Company Ltd.(‘‘ICBC Credit Suisse’’). Mellon, Voya IM and ICBC Credit Suisse are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all 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

 

Dynamic Currency Hedged International Equity Fund

     0.40      (0.05 )%      October 31, 2020  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     0.58      (0.48 )%      October 31, 2020  

Dynamic Currency Hedged International SmallCap Equity Fund

     0.48      (0.05 )%      October 31, 2020  

Emerging Markets Dividend Fund

     0.32             

Europe Multifactor Fund

     0.48      (0.05 )%      October 31, 2020  

ICBCCS S&P China 500 Fund

     0.55             

Japan Multifactor Fund

     0.48      (0.05 )%      October 31, 2020  

U.S. Corporate Bond Fund

     0.28      (0.10 )%      October 31, 2020  

U.S. High Yield Corporate Bond Fund

     0.48      (0.10 )%      October 31, 2020  

U.S. Short-Term Corporate Bond Fund

     0.28      (0.10 )%      October 31, 2020  

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

     0.48      (0.10 )%      October 31, 2020  

 

136   WisdomTree Trust


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

       
Fund   

Advisory

Fee Rate

(before fee waiver)

    

Advisory

Fee Waiver1

   

Advisory Fee

Waiver

Expiration Date

 

Dynamic Bearish U.S. Equity Fund

     0.53      (0.05 )%      October 31, 2020  

Dynamic Long/Short U.S. Equity Fund

     0.53      (0.05 )%      October 31, 2020  

90/60 U.S. Balanced Fund

     0.20             

Balanced Income Fund

     0.40      (0.37 )%3      December 31, 2020  

Cloud Computing Fund4

     0.45             
  1 

WTAM has contractually agreed to waive a portion of its advisory fee by the waiver amount listed per annum based on the average daily net assets through the expiration date listed, unless earlier terminated by the Board of Trustees of the Trust for any reason. The dollar amount of contractual fee waivers are included in “Expense waivers” on the Statements of Operations.

 

  2 

WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund (approximately 0.38% per annum), as well as an additional 0.10% per annum.

 

  3 

WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Funds (approximately 0.32% per annum), as well as an additional 0.05% per annum.

 

  4 

Since the commencement of operations on September 6, 2019.

Affiliated holdings are holdings in funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the six months ended December 31, 2019 are as follows:

 

               
Fund   Value at
6/30/2019
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
12/31/2019
    Dividend
Income
 

Dynamic Currency Hedged International Quality Dividend Growth Fund

             

WisdomTree International Quality Dividend Growth Fund

  $ 28,732,853     $ 959,414     $ 1,002,565     $ (7,995   $ 2,784,869     $ 31,466,576     $ 297,323  

Balanced Income Fund

             

Dynamic Currency Hedged International Equity Fund

  $ 337,067     $ 18,322     $ 24,064     $ (543   $ 15,698     $ 346,480     $ 5,325  

Emerging Markets Dividend Fund

    245,819       20,169       17,260       (878     10,647       258,497       6,544  

U.S. Corporate Bond Fund

    206,665       20,068       22,972       115       4,641       208,517       3,281  

WisdomTree Emerging Markets Local Debt Fund

    133,835       39,978       36,989       (2,903     5,957       139,878       3,232  

WisdomTree Interest Rate Hedged High Yield Bond Fund

    190,536       57,427       37,079       (1,978     1,130       210,036       5,113  

WisdomTree International High Dividend Fund

    425,145       77,127       70,348       (6,287     23,897       449,534       7,524  

WisdomTree U.S. High Dividend Fund

    798,142       22,884       24,267       266       44,352       841,377       17,841  

WisdomTree U.S. LargeCap Dividend Fund

    413,569       20,240       45,878       2,913       35,842       426,686       5,872  

WisdomTree Yield Enhanced U.S. Aggregate Bond Fund

    741,391       23,872       21,486       9       14,623       758,409       11,611  

Total Balanced Income Fund

  $ 3,492,169     $ 300,087     $ 300,343     $ (9,286   $ 156,787     $ 3,639,414     $ 66,343  

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 December 31, 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

 

Dynamic Currency Hedged International Equity Fund

     1,944      $ 58,903      $ 974  

Dynamic Currency Hedged International SmallCap Equity Fund

     21        691        6  

Emerging Markets Dividend Fund

     409        13,436        438  

Japan Multifactor Fund

     25,000        663,500        6,819  

U.S. Corporate Bond Fund

     129        6,755        99  

U.S. High Yield Corporate Bond Fund

     261        13,605        347  

U.S. Short-Term Corporate Bond Fund

     313        15,904        171  

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

     63        3,186        81  

 

WisdomTree Trust      137  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

4. CAPITAL SHARE TRANSACTIONS

As of December 31, 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 or period ended December 31, 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  

Dynamic Currency Hedged International Equity Fund

   $ 11,618,886      $ 9,222,156      $ 3,847,000      $ 9,894,070  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     959,414        1,002,565                

Dynamic Currency Hedged International SmallCap Equity Fund

     2,407,276        1,875,243        7,186,756         

Emerging Markets Dividend Fund

     16,821,399        13,156,896        2,274,038         

Europe Multifactor Fund

     10,070,460        10,017,298                

ICBCCS S&P China 500 Fund

     1,016,972        2,438,064               1,361,186  

Japan Multifactor Fund

     895,930        891,410                

U.S. Corporate Bond Fund

     2,067,262        1,923,819        15,281,858         

U.S. High Yield Corporate Bond Fund

     1,866,061        2,032,109        20,365,932         

U.S. Short-Term Corporate Bond Fund

     2,023,369        2,011,548        4,988,212         

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

     4,097,692        4,218,905                

Dynamic Bearish U.S. Equity Fund

            7,045,524               2,165,984  

Dynamic Long/Short U.S. Equity Fund

     28,987,179        32,576,052               35,655,327  

90/60 U.S. Balanced Fund

     1,831,883        2,006,866        47,481,645        14,474,675  

Balanced Income Fund

     340,820        343,440                

Cloud Computing Fund1

     923,944        897,524        13,423,846         
  1 

For the period September 6, 2019 (commencement of operations) through December 31, 2019.

6. FEDERAL INCOME TAXES

At December 31, 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)

 

Dynamic Currency Hedged International Equity Fund

  $ 251,722,834     $ 28,814,844     $ (15,531,317   $ 13,283,527             $ 2,077     $ (74,930   $ (72,853   $ 13,210,674  

Dynamic Currency Hedged International Quality Dividend Growth Fund

    29,355,972       2,140,912       (30,308     2,110,604               78       (22,158     (22,080     2,088,524  

Dynamic Currency Hedged International SmallCap Equity Fund

    44,699,695       5,844,765       (1,800,227     4,044,538               104       (15,452     (15,348     4,029,190  

Emerging Markets Dividend Fund

    53,465,458       8,001,324       (2,041,658     5,959,666                                 5,959,666  

Europe Multifactor Fund

    12,617,138       1,124,791       (159,889     964,902               23       (1,618     (1,595     963,307  

ICBCCS S&P China 500 Fund

    19,750,414       1,759,748       (2,258,072     (498,324                               (498,324

Japan Multifactor Fund

    1,254,541       113,618       (21,401     92,217                                 92,217  

 

138   WisdomTree Trust


Table of Contents

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)

 

U.S. Corporate Bond Fund

  $ 21,154,804     $ 324,968     $ (62,030   $ 262,938             $     $     $     $ 262,938  

U.S. High Yield Corporate Bond Fund

    40,282,754       1,118,105       (321,329     796,776                                 796,776  

U.S. Short-Term Corporate Bond Fund

    10,563,753       119,053       (190     118,863                                 118,863  

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

    21,339,412       514,814       (357,329     157,485                                 157,485  

Dynamic Bearish U.S. Equity Fund

    5,801,903       463       (235     228                     (173,171     (173,171     (172,943

Dynamic Long/Short U.S. Equity Fund

    34,319,874       3,317,309       (2,047,404     1,269,905                                 1,269,905  

90/60 U.S. Balanced Fund

    38,014,046       3,125,115       (272,997     2,852,118                                 2,852,118  

Balanced Income Fund

    3,940,428       260,806       (3,715     257,091                                 257,091  

Cloud Computing Fund

    14,879,087       774,087       (246,102     527,985                                 527,985  
  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. SUBSEQUENT EVENTS

At the recommendation of WTAM, the investment adviser of the WisdomTree Balanced Income Fund and WisdomTree Dynamic Bearish U.S. Equity Fund (the “Affected Funds”), after continued review of the product lineup and anticipated limited future prospect of investor demand for the Affected Funds, among other considerations, the Board of Trustees determined to close and liquidate the Affected Funds.

After the close of business on January 17, 2020, the Affected Funds will no longer accept creation orders. The last day of secondary market trading of the Affected Funds’ shares will also be January 17, 2020. Shareholders were able to sell Affected Fund shares through a broker in the standard manner through this date. Customary brokerage charges may have applied to such transactions. When the Affected Funds commence liquidation of their portfolios, which is anticipated to occur on or around January 21, 2020, but may occur before January 21, 2020, the liquidation process will result in the Affected Funds increasing their cash holdings and deviating from the investment objective and strategies stated in their prospectus.

It is anticipated that shareholders remaining in the Affected Funds after the last day of trading will have their shares redeemed automatically on or around January 27, 2020 and will receive cash through their broker or other applicable financial intermediary thereafter in an amount equal to the net asset value of their shares as calculated on or about January 24, 2020. This amount is expected to include any accrued capital gains and dividends. Shareholders remaining in the Affected Funds and that receive cash will not be charged any transaction fees by the Affected Funds. Whether shareholders sell their shares or are automatically redeemed as described above, shareholders will generally recognize a capital gain (or loss) equal to the amount received for their shares (or below) the adjusted cost basis in such shares.

*    *    *    *    *    *

Effective January 13, 2020, the ticker for Japan Multifactor Fund changed from “JAMF” to “JNMF”.

 

WisdomTree Trust      139  


Table of Contents

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

 

Consideration of the Renewal of Investment Advisory and Sub-Investment Advisory Agreements

(all Funds except the WisdomTree Cloud Computing 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 its series (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”); (ii) the Sub-Advisory Agreement (the “Mellon Sub-Advisory Agreement”), pursuant to which Mellon Investments Corporation (“Mellon”) coordinates the investment and reinvestment of the assets of the applicable Funds; (iii) the Investment Sub-Advisory Agreement (the “Voya Sub-Advisory Agreement”), pursuant to which Voya Investment Management Co. LLC (“Voya”) coordinates the investment and reinvestment of the assets of the applicable Funds; and (iv) the Investment Sub-Advisory Agreement (collectively with the Mellon Sub-Advisory Agreement and the Voya Sub-Advisory Agreement, the “Sub-Advisory Agreements,” and, the Advisory Agreements together with the Sub-Advisory Agreements, the “Agreements”), pursuant to which ICBC Credit Suisse Asset Management (International) Co. Ltd. (“ICBCCS,” and, collectively with Mellon and Voya, the “Sub-Advisers”) coordinates the investment and reinvestment of the assets of the applicable Funds.

The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 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-Advisers. In considering the renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services Provided to the Funds. The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Advisers’ operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to certain Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WTI indexes are unique, based on WTI’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Advisers, including oversight of the Sub-Advisers’ adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Advisers’ buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Advisers and oversight of, and the provision of consultation to, the Sub-Advisers with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight 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-Advisers under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.

Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and the Sub-Advisers under the Advisory Agreements and Sub-Advisory Agreements, respectively, are adequate and appropriate and supported the Board’s approval of the renewal of the Agreements.

Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index, (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

 

140   WisdomTree Trust


Table of Contents

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

 

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 exchange traded funds (“ETFs”) as comparison funds, except that the Performance Groups, Expense Groups and Expense Universes for the actively-managed Funds included either only actively-managed ETFs or a mix of actively-managed and passively-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 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 substantial majority of index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. 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 a 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 (including actively-managed Funds with a peer group that included index-based funds) and/or the unique attributes of a Fund.

The Board considered the fees to the Sub-Advisers in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Advisers and WTAM. The Board also noted that the Sub-Advisers’ fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Advisers, including that the role of a 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 a 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 relevant 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-Advisers, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized material economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole and the relative size and asset size changes among the Funds. The Board noted that certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned

 

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

 

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-Advisers from acting as investment adviser and sub-investment advisers, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.

*    *    *    *    *    *

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Advisers, of the Funds and the services provided to the Funds by WTAM and the Sub-Advisers. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreements.

 

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

 

Consideration of the Approval of Investment Advisory and Sub-Advisory Agreements

WisdomTree Cloud Computing Fund (the “Fund”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on August 5, 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 June 6, 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 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 would be a passively managed fund. 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 entry into 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 an index-based function, with oversight by WTAM in seeking to ensure consistency with such index. 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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Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) (concluded)

 

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.

 

144   WisdomTree Trust


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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. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition, when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. High-yield or “junk” bonds have lower credit ratings and involve a greater risk to principal. While the Fixed Income Funds attempt to limit credit and counterparty exposure, the value of an investment in the Funds may change quickly and without warning in response to issuer or counterparty defaults and changes in the credit ratings of the Fund’s portfolio investments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.


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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-3274


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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.


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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.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)   

WisdomTree Trust

  
By (Signature and Title)   

/s/Jonathan Steinberg

  
   Jonathan L. Steinberg, President   
   (principal executive officer)   

Date: March 6, 2020

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)   

/s/Jonathan Steinberg

  
   Jonathan L. Steinberg, President   
   (principal executive officer)   

Date: March 6, 2020

 

By (Signature and Title)   

/s/David Castano

  
   David Castano, Treasurer   
   (principal financial officer)   

Date: March 6, 2020