N-CSR 1 d828526dncsr.htm WISDOMTREE TRUST WisdomTree Trust

 

 

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)

 

 

250 West 34th Street, 3rd Floor

New York, NY 10119

(Address of principal executive offices) (Zip code)

 

 

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and address of agent for service)

 

 

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

Date of fiscal year end: March 31

Date of reporting period: March 31, 2024

 

 

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

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

 

 

 


Item 1. Reports to Stockholders.

 

(a)

The Annual Reports to Shareholders of WisdomTree Trust (the “Registrant”) for the fiscal year ended March 31, 2024 (collectively, the “Shareholder Reports”) are attached hereto.

 

(b)

Not applicable.


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WisdomTree Trust

Annual Report

March 31, 2024

 

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

WisdomTree U.S. High Dividend Fund (DHS)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

WisdomTree U.S. LargeCap Fund (EPS)

WisdomTree U.S. MidCap Dividend Fund (DON)

WisdomTree U.S. MidCap Fund (EZM)

WisdomTree U.S. MidCap Quality Growth Fund (QMID)

WisdomTree U.S. Multifactor Fund (USMF)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

WisdomTree U.S. Quality Growth Fund (QGRW)

WisdomTree U.S. SmallCap Dividend Fund (DES)

WisdomTree U.S. SmallCap Fund (EES)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

WisdomTree U.S. SmallCap Quality Growth Fund (QSML)

WisdomTree U.S. Total Dividend Fund (DTD)

WisdomTree U.S. Value Fund (WTV)


Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       3  

Management’s Discussion of Funds’ Performance (unaudited)

       4  

Description of Terms and Indexes (unaudited)

       20  
Schedules of Investments

 

WisdomTree U.S. AI Enhanced Value Fund

       23  

WisdomTree U.S. High Dividend Fund

       26  

WisdomTree U.S. LargeCap Dividend Fund

       32  

WisdomTree U.S. LargeCap Fund

       37  

WisdomTree U.S. MidCap Dividend Fund

       44  

WisdomTree U.S. MidCap Fund

       49  

WisdomTree U.S. MidCap Quality Growth Fund

       57  

WisdomTree U.S. Multifactor Fund

       60  

WisdomTree U.S. Quality Dividend Growth Fund

       64  

WisdomTree U.S. Quality Growth Fund

       69  

WisdomTree U.S. SmallCap Dividend Fund

       71  

WisdomTree U.S. SmallCap Fund

       79  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

       90  

WisdomTree U.S. SmallCap Quality Growth Fund

       94  

WisdomTree U.S. Total Dividend Fund

       99  

WisdomTree U.S. Value Fund

       109  

Statements of Assets and Liabilities

       112  

Statements of Operations

       116  

Statements of Changes in Net Assets

       120  

Financial Highlights

       126  

Notes to Financial Statements

       134  

Report of Independent Registered Public Accounting Firm

       147  

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

       149  

Liquidity Risk Management Program (unaudited)

       151  

Trustees and Officers Information (unaudited)

       152  

Supplemental Information (unaudited)

       154  

General Information (unaudited)

       155  

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


Market Environment Overview

(unaudited)

 

U.S. equity markets, as measured by the S&P 500 Index, returned 29.88% in U.S. dollar terms for the 12-month fiscal period ending March 31, 2024 (the “period”).

U.S. markets fluctuated during the period with most of the nearly 30% gain coming from October 2023 through March 2024. Optimism pervaded the market as investors grew convinced that the U.S. Federal Reserve (“Fed”) was near the end of its rate hike cycle, which provided a significant tailwind to equities. Monthly non-farm payrolls and inflation reports characterized the entire period as investors digested each data point’s implication for the direction of monetary policy over the near-term, and equity markets followed accordingly. Consumer Price Index (“CPI”) inflation fell from 5% year-over-year at the start of the period to about 3.5% by its end, which was a welcome deceleration for the markets. Meanwhile, labor markets remained relatively steady with the headline unemployment rate ranging from 3.4-3.9% during the period. The combination of disinflation and a robust labor market prompted the Fed to increase the Federal Funds rate by only 50 basis points total between the May and July 2023 Federal Open Market Committee (“FOMC”) meetings. At the end of the period, it remains at 5.50%.

During the first quarter of the period, from April to June 2023, U.S. markets climbed 8.74% with virtually all the gains coming in June. Small cap equities (proxied by the Russell 2000 Index) grew slightly less at 5.21%. During the May FOMC meeting, the Fed increased the Federal Funds rate by 0.25% to end the quarter at 5.25%. This would eventually become the penultimate increase in its rate hike cycle, though it did little to discourage investors. Markets were propelled higher by continued disinflation in the CPI, which fell from 5% to 3% year-over-year during the quarter. Investors embraced this news and interpreted it as a continuation of an economic data trend that would soon lead to a pivot to accommodative monetary policy from the Fed. Meanwhile, labor markets remained on solid footing and real Gross Domestic Product (“GDP”) climbed 2.1% quarter-over-quarter from April through June 2023. Excitement about economic data and monetary policy implications outweighed the negative impact of S&P 500 earnings, which declined 4.1% quarter-over-quarter.

The second quarter of the period, from July to September 2023, was more tempered than the previous. U.S. markets declined by 3.27% while small caps suffered a bit more, falling 5.13%. A summertime spike in CPI inflation prompted the declines. Inflation rose from 3% at the start of the quarter to 3.7% year-over-year at its end. This scared investors into believing that the Fed would be forced to either raise the Federal Funds rate further, or at least leave rates higher for a longer period before pivoting to rate cuts. Despite the scare, the Fed only raised rates an additional 25 basis points (to 5.50%) during the July 2023 FOMC meeting, which would prove to be the final rate hike for the remainder of the period. The economy remained on solid footing during the quarter, as real GDP rose by a surprisingly high 4.9% quarter-over-quarter, despite a slight pickup in the unemployment rate from 3.5% to 3.8%. Once again, monetary policy implications had the greatest impact on markets during the quarter, as they declined despite 6% growth in quarterly earnings for the S&P 500.

The third quarter of the period kickstarted most of the equity market’s gains that would finish the period. U.S. markets returned 11.69% while small caps enjoyed a rally of their own, climbing 14.03% higher. The summertime spike in inflation proved to be temporary and the CPI resumed its deceleration, falling from 3.7% to 3.4% year-over-year. The unemployment rate remained in the 3.7% to 3.8% range, while real GDP grew 3.4% to conclude 2023. Investors were relieved by the renewed consistency in disinflation, steady economic growth, and robust labor markets, and propelled equities higher on restored optimism. Earnings added a positive tailwind, as S&P 500 earnings climbed 4.8% higher during the three months.

Investors entered 2024 with the same optimism that concluded 2023. U.S. markets climbed by over 10.5% while small caps enjoyed a modest 5.18% rally of their own. The Fed concluded the period by leaving the Federal Funds rates unchanged at 5.50%, which was supported by CPI inflation falling to about 3.5% year-over-year. The labor market has not showed many signs of weakness yet, which investors are interpreting as an

 

WisdomTree Trust      1  


Market Environment Overview

(unaudited) (concluded)

 

achievement of the “soft economic landing” scenario (where the Fed is able to raise interest rates to subdue inflation without drastically harming the economy in the process). The headline unemployment rate remains at 3.8%. Real GDP has not yet been released as of the date of this report, and S&P 500 companies have not yet begun to report earnings for Q1 2024.

Entering the new period, markets are fixated on each economic data release so they may parse it for insights about the future direction of monetary policy. As of now, they are anticipating a pivot to rate cuts in the final few months of 2024, although the number and magnitude of cuts have been reduced since the start of the calendar year. The ongoing economic picture will continue to be assessed so that markets may adjust their expectations accordingly. Earnings results will also impact the direction of U.S. markets over the near-term.

Each WisdomTree Fund’s performance as set forth in “Management’s Discussion of Funds’ Performance” in the pages that follow should also be viewed in light of the foregoing market environment.

 

2   WisdomTree Trust


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 net asset value (“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 exchange traded funds (“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. For the most recent month-end performance information visit www.wisdomtree.com/investments.

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.

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2023 to March 31, 2024. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/366 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      3  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.2%  

Industrials

    19.2%  

Health Care

    13.6%  

Energy

    9.0%  

Information Technology

    7.7%  

Consumer Staples

    7.6%  

Utilities

    6.4%  

Materials

    5.6%  

Communication Services

    3.8%  

Real Estate

    2.6%  

Consumer Discretionary

    2.5%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Exxon Mobil Corp.

    3.3%  

Intercontinental Exchange, Inc.

    3.2%  

Otis Worldwide Corp.

    3.2%  

Medtronic PLC

    3.1%  

Fortive Corp.

    3.0%  

Comcast Corp., Class A

    3.0%  

Bank of America Corp.

    3.0%  

Nasdaq, Inc.

    2.9%  

Abbott Laboratories

    2.9%  

PPL Corp.

    2.5%  
*

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

The WisdomTree U.S. AI Enhanced Value Fund (the “Fund”) seeks income and capital appreciation by investing primarily in equity securities selected from a universe of U.S. equities that exhibit value characteristics based on the selection results of a proprietary, quantitative artificial intelligence (“AI”) model developed by the Fund’s sub-adviser, Voya Investment Management Co., LLC.

The Fund returned 13.93% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Only two sectors provided relative positive Fund performance impacts during the period. Energy benefited due to strong stock selection and allocation effects, while Real Estate benefited solely from allocation effects. Consumer Discretionary, Materials and Industrials sectors all lagged due to negative stock selection impacts. Across price-to-earnings quintiles, all five contributed to relative Fund underperformance primarily due to poor stock selection.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,156.90        0.38   $ 2.05  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns1

       13.93      5.31      6.68      7.12

Fund Market Price Returns1

       13.91      5.21      6.66      7.11

Russell 1000® Value Index

       20.27      8.11      10.32      9.01
1 

The Fund’s investment objective changed effective January 18, 2022. Prior to January 18, 2022, the Fund’s investment objective sought to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend ex-Financials Index.

 

 

LOGO

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


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. High Dividend Fund (DHS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    24.8%  

Energy

    18.2%  

Utilities

    13.6%  

Consumer Staples

    12.5%  

Health Care

    10.2%  

Information Technology

    5.6%  

Real Estate

    4.7%  

Consumer Discretionary

    3.8%  

Materials

    2.7%  

Industrials

    2.6%  

Communication Services

    0.9%  

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

AbbVie, Inc.

    5.7%  

Exxon Mobil Corp.

    5.2%  

Chevron Corp.

    5.0%  

Altria Group, Inc.

    4.4%  

International Business Machines Corp.

    4.4%  

Philip Morris International, Inc.

    3.3%  

Morgan Stanley

    2.7%  

Citigroup, Inc.

    2.3%  

Bristol-Myers Squibb Co.

    2.1%  

United Parcel Service, Inc., Class B

    1.9%  
*

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

The WisdomTree U.S. High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high dividend yielding companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 9.68% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from its position in the Materials sector, primarily due to stock selection effects. Most other sectors contributed to relative Fund underperformance, with Financials, Utilities and Industrials being the largest detractors due to a mixture of stock selection and allocation effects across all three sectors. Across dividend yield quintiles, all five contributed to relative Fund underperformance primarily due to poor stock selection. For the period ended March 31, 2024, the equity market environment in the United States favored growth as an investment style, and products with an emphasis on dividends were not rewarded by investors to a similar extent.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,132.70        0.38   $ 2.03  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       9.68      8.36      7.76      8.19

Fund Market Price Returns

       9.66      8.27      7.74      8.17

WisdomTree U.S. High Dividend Index

       10.16      8.83      8.20      8.62

Russell 1000® Value Index

       20.27      8.11      10.32      9.01

 

 

LOGO

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  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    19.0%  

Financials

    17.2%  

Health Care

    14.0%  

Consumer Staples

    13.1%  

Industrials

    9.0%  

Energy

    8.1%  

Consumer Discretionary

    6.3%  

Real Estate

    4.4%  

Utilities

    4.2%  

Communication Services

    3.0%  

Materials

    1.5%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    3.7%  

JPMorgan Chase & Co.

    3.3%  

Apple, Inc.

    3.1%  

AbbVie, Inc.

    2.8%  

Broadcom, Inc.

    2.5%  

Exxon Mobil Corp.

    2.5%  

Johnson & Johnson

    2.5%  

Home Depot, Inc.

    2.2%  

NVIDIA Corp.

    2.1%  

Procter & Gamble Co.

    2.1%  
*

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

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

The Fund returned 19.57% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited predominantly from positions in Information Technology and Health Care sectors primarily due to stock selection effects. Communications Services and Industrials sectors were the main detractors mostly due to stock selection impacts. Across dividend yield quintiles, performance impacts were mixed. The first, third, and fifth quintiles all had positive impacts due to a mixture of allocation and stock selection effects. The second and fourth quintiles had negative impacts due to a combination of both effects as well.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,188.30        0.28   $ 1.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       19.57      10.68      11.74      10.74

Fund Market Price Returns

       19.59      10.59      11.73      10.72

WisdomTree U.S. LargeCap Dividend Index

       19.93      11.03      12.09      11.07

S&P 500® Index

       29.88      11.49      15.05      12.96

Russell 1000® Value Index

       20.27      8.11      10.32      9.01

 

 

LOGO

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


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. LargeCap Fund (EPS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    24.1%  

Financials

    17.2%  

Communication Services

    12.5%  

Health Care

    11.1%  

Consumer Discretionary

    9.0%  

Industrials

    7.7%  

Energy

    7.6%  

Consumer Staples

    5.8%  

Utilities

    1.8%  

Materials

    1.8%  

Real Estate

    1.2%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    5.7%  

Alphabet, Inc., Class A

    4.8%  

Apple, Inc.

    4.4%  

Meta Platforms, Inc., Class A

    3.6%  

Amazon.com, Inc.

    3.2%  

JPMorgan Chase & Co.

    2.7%  

NVIDIA Corp.

    2.5%  

Exxon Mobil Corp.

    2.1%  

Berkshire Hathaway, Inc., Class B

    1.8%  

Bank of America Corp.

    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. LargeCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating large-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 28.94% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund exhibited strong performance, with sector contributions led by Communication Services, Information Technology, and Consumer Discretionary. Stock selection was additive across all three sectors, while Information Technology also contributed positively to performance due to asset allocation effects. Only Energy, Financials and Industrials had negative impacts, primarily due to allocation effects across all three sectors. Across price-to-earnings quintiles, the Fund benefited from positive stock selection within the bottom three quintiles (i.e. those with the highest valuations). Only the first quintile (i.e. those with the lowest valuations) had a negative impact, although its overall effect was negligible. This was due to modestly poor allocation effects.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,222.80        0.08   $ 0.44  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.60        0.08   $ 0.40  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       28.94      10.55      13.91      11.89

Fund Market Price Returns

       28.94      10.45      13.90      11.88

WisdomTree U.S. LargeCap Index

       29.00      10.62      14.01      12.10

S&P 500® Index

       29.88      11.49      15.05      12.96

 

 

LOGO

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

 

WisdomTree Trust      7  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. MidCap Dividend Fund (DON)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    24.5%  

Industrials

    16.8%  

Consumer Discretionary

    12.2%  

Materials

    9.3%  

Real Estate

    8.6%  

Utilities

    7.9%  

Energy

    7.3%  

Consumer Staples

    5.5%  

Information Technology

    3.4%  

Health Care

    2.2%  

Communication Services

    2.1%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Vistra Corp.

    1.2%  

Corebridge Financial, Inc.

    1.1%  

Packaging Corp. of America

    1.0%  

Viatris, Inc.

    1.0%  

Conagra Brands, Inc.

    0.9%  

Carlyle Group, Inc.

    0.9%  

International Paper Co.

    0.9%  

Franklin Resources, Inc.

    0.9%  

Snap-on, Inc.

    0.8%  

Evergy, Inc.

    0.8%  
*

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

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

The Fund returned 22.17% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions across most sectors, with Health Care, Information Technology, and Materials having the most pronounced effects. Allocation effects dominated the contributions from Health Care, while stock selection provided the support from Information Technology and Materials. Industrials, Real Estate and Communication Services were the only sectors to have a negative impact, with poor stock selection as the driving force in all three sectors. Across dividend yield quintiles, the second and third quintiles provided the strongest positive support primarily due to stock selection. The fourth and fifth quintiles featuring the lowest-yielding stocks had negative impacts on Fund performance due to poor stock selection and allocation effects.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,207.20        0.38   $ 2.10  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       22.17      9.32      9.33      9.46

Fund Market Price Returns

       22.12      9.10      9.30      9.44

WisdomTree U.S. MidCap Dividend Index

       22.67      9.79      9.75      9.86

S&P MidCap 400® Index

       23.33      6.96      11.71      9.99

Russell MidCap Value Index

       20.40      6.80      9.94      8.57

 

 

LOGO

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

 

8   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. MidCap Fund (EZM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    19.9%  

Financials

    19.9%  

Consumer Discretionary

    19.1%  

Information Technology

    9.3%  

Energy

    8.0%  

Materials

    6.9%  

Health Care

    6.8%  

Real Estate

    2.9%  

Consumer Staples

    2.4%  

Communication Services

    2.3%  

Utilities

    2.3%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Toll Brothers, Inc.

    1.0%  

American Airlines Group, Inc.

    0.9%  

Unum Group

    0.8%  

Dick’s Sporting Goods, Inc.

    0.8%  

PBF Energy, Inc., Class A

    0.7%  

Ally Financial, Inc.

    0.6%  

East West Bancorp, Inc.

    0.6%  

U.S. Steel Corp.

    0.6%  

Tapestry, Inc.

    0.6%  

AutoNation, Inc.

    0.6%  
*

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

The WisdomTree U.S. MidCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating mid-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 24.47% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in the Consumer Staples and Health Care sectors due to positive stock selection in the former and allocation effects in the latter. Consumer Discretionary sector also had a positive impact to a combination of both effects. Financials and Information Technology negatively impacted performance, which were primarily due to poor stock selection in each sector. Across price-to-earnings (P/E) quintiles, the Fund benefited from the first and third quintiles due to a mix of positive stock selection and allocation effects in the former and solely stock selection in the latter. The fifth quintile, representing the highest P/E stocks, weighed on performance due to poor stock selection.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,212.30        0.38   $ 2.10  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       24.47      7.84      10.92      9.09

Fund Market Price Returns

       24.28      7.53      10.86      9.07

WisdomTree U.S. MidCap Index

       25.00      8.25      11.33      9.45

S&P MidCap 400® Index

       23.33      6.96      11.71      9.99

Russell MidCap Value Index

       20.40      6.80      9.94      8.57

 

 

LOGO

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

 

WisdomTree Trust      9  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. MidCap Quality Growth Fund (QMID)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    24.0%  

Consumer Discretionary

    20.5%  

Information Technology

    13.8%  

Health Care

    12.7%  

Energy

    9.7%  

Consumer Staples

    7.0%  

Financials

    5.1%  

Materials

    4.5%  

Communication Services

    2.6%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Celsius Holdings, Inc.

    1.8%  

Dick’s Sporting Goods, Inc.

    1.8%  

Saia, Inc.

    1.5%  

Pure Storage, Inc., Class A

    1.5%  

Lincoln Electric Holdings, Inc.

    1.4%  

Floor & Decor Holdings, Inc., Class A

    1.3%  

TopBuild Corp.

    1.3%  

Charles River Laboratories International, Inc.

    1.3%  

Toll Brothers, Inc.

    1.3%  

Advanced Drainage Systems, Inc.

    1.3%  
*

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

The WisdomTree U.S. MidCap Quality Growth Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Quality Growth Index (the “Index”). In seeking to track the Index, the Fund invests in the top scoring 30% of companies that comprise the top 60% of U.S. companies by market capitalization, after the 500 largest companies have been removed, with the highest composite scores based on two fundamental factors: growth and quality, which are equally weighted. 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/investments.

Shareholder Expense Example (for the period1 ended March 31, 2024)

 

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

Actual1

   $ 1,000.00      $ 1,124.00        0.38   $ 0.74  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  
1 

Fund commenced operations on January 25, 2024. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 67/366 (to reflect the period since commencement of operations).

 

 

10   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. Multifactor Fund (USMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    28.9%  

Financials

    12.9%  

Health Care

    12.3%  

Consumer Discretionary

    10.9%  

Industrials

    9.1%  

Communication Services

    8.9%  

Consumer Staples

    6.0%  

Energy

    4.0%  

Materials

    2.4%  

Real Estate

    2.3%  

Utilities

    2.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

International Business Machines Corp.

    1.4%  

VeriSign, Inc.

    1.4%  

Roper Technologies, Inc.

    1.3%  

Motorola Solutions, Inc.

    1.3%  

Cisco Systems, Inc.

    1.3%  

F5, Inc.

    1.3%  

GoDaddy, Inc., Class A

    1.3%  

TD SYNNEX Corp.

    1.2%  

Akamai Technologies, Inc.

    1.2%  

Cognizant Technology Solutions Corp., Class A

    1.1%  
*

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

The WisdomTree U.S. Multifactor Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index (the “Index”). In seeking to track the Index, the Fund invests in U.S. companies with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 25.84% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in Consumer Discretionary, Energy, and Industrials due to positive stock selection in all three sectors. Communication Services, Information Technology and Financials sectors were the largest detractors from performance due to poor stock selection. Across volatility quintiles, the Fund benefited from the first and second quintiles, representing the least volatile stocks, due to strong stock selection. The fourth and fifth quintiles, which represent the most volatile, were laggards due to a mix of negative allocation and stock selection effects in both.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,219.30        0.28   $ 1.55  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       25.84      8.80      11.67      11.47

Fund Market Price Returns

       25.99      8.69      11.68      11.46

WisdomTree U.S. Multifactor Index

       25.67      8.95      11.82      11.59

S&P 500® Index

       29.88      11.49      15.05      14.14

S&P 500® Equal Weight Index

       19.38      8.16      12.35      11.58

Russell 3000® Index

       29.29      9.78      14.34      13.49
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on June 29, 2017.

 

 

LOGO

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

 

WisdomTree Trust      11  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    28.3%  

Health Care

    17.1%  

Industrials

    12.9%  

Financials

    11.8%  

Consumer Staples

    11.2%  

Consumer Discretionary

    9.7%  

Energy

    3.8%  

Communication Services

    2.4%  

Materials

    2.2%  

Real Estate

    0.3%  

Utilities

    0.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    7.8%  

Apple, Inc.

    4.4%  

AbbVie, Inc.

    3.9%  

Broadcom, Inc.

    3.6%  

Johnson & Johnson

    3.5%  

Home Depot, Inc.

    3.1%  

Procter & Gamble Co.

    2.9%  

NVIDIA Corp.

    2.8%  

Coca-Cola Co.

    2.6%  

PepsiCo, Inc.

    2.2%  
*

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

The WisdomTree U.S. Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies with growth characteristics in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 24.48% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in Utilities, Health Care, and Energy due to strong stock selection in Health Care and positive allocation effects in the two other sectors. Consumer Staples, Communication Services, and Industrials sectors weighed on performance during the period. Industrials featured poor stock selection, while Consumer Staples exhibited poor allocation effects, and Communication Services provided poor impacts from both effects. Across return-on-equity (“ROE”) quintiles, only the fourth quintile (featuring lower ROE stocks) was additive due to a mix of allocation and stock selection impacts. The remaining other four quintiles detracted from Fund performance primarily due to poor stock selection, with negative allocation effects exacerbating the impact specifically in the first (highest ROE) and fifth (lowest ROE) quintiles.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,211.60        0.28   $ 1.55  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       24.48      12.27      14.48      12.91

Fund Market Price Returns

       24.46      12.17      14.45      12.89

WisdomTree U.S. Quality Dividend Growth Index

       24.90      12.60      14.83      13.24

S&P 500® Index

       29.88      11.49      15.05      12.96

Russell 3000® Index

       29.29      9.78      14.34      12.33

 

 

LOGO

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

 

12   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. Quality Growth Fund (QGRW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    49.7%  

Consumer Discretionary

    14.9%  

Communication Services

    14.4%  

Financials

    8.5%  

Health Care

    5.7%  

Industrials

    2.5%  

Energy

    2.0%  

Materials

    1.1%  

Consumer Staples

    0.6%  

Real Estate

    0.5%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    11.1%  

NVIDIA Corp.

    9.3%  

Apple, Inc.

    9.0%  

Meta Platforms, Inc., Class A

    6.1%  

Alphabet, Inc., Class A

    5.8%  

Amazon.com, Inc.

    5.6%  

Broadcom, Inc.

    3.2%  

Visa, Inc., Class A

    2.8%  

Tesla, Inc.

    2.6%  

Mastercard, Inc., Class A

    2.3%  
*

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

The WisdomTree U.S. Quality Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Growth Index (the “Index”). In seeking to track the Index, the Fund invests in U.S. large-capitalization and mid-capitalization companies with the highest composite scores based on two fundamental factors: growth and quality, which are equally weighted. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 44.93% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited primarily from an outsized impact in the Information Technology sector, where both allocation and stock selection effects were overwhelmingly positive. Communication Services and Consumer Staples sectors were also additive to a lesser extent due to positive stock selection in the former and allocation effects in the latter. The only sectors to provide a negative impact were Industrials and Financials, due to poor stock selection in both sectors. Across return-on-equity (“ROE”) quintiles, all five quintiles exhibited positive performance effects during the period due to strong stock selection in each along with positive allocation effects in the first (highest ROE) and fourth (second-lowest ROE) quintiles. The latter impacts were due to an overweight and underweight to the first and fourth quintiles, respectively.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,295.90        0.28   $ 1.61  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       44.93      46.50

Fund Market Price Returns

       44.86      46.45

WisdomTree U.S. Quality Growth Index

       45.28      46.74

Russell 1000® Growth Index

       39.00      36.66
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 15, 2022.

 

 

LOGO

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

 

WisdomTree Trust      13  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. SmallCap Dividend Fund (DES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    24.6%  

Consumer Discretionary

    14.9%  

Industrials

    14.8%  

Real Estate

    9.4%  

Energy

    9.0%  

Utilities

    6.2%  

Materials

    6.0%  

Consumer Staples

    4.7%  

Health Care

    3.7%  

Information Technology

    3.6%  

Communication Services

    2.7%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Organon & Co.

    1.3%  

CVR Energy, Inc.

    1.0%  

Kohl’s Corp.

    0.9%  

TFS Financial Corp.

    0.8%  

EPR Properties

    0.7%  

ALLETE, Inc.

    0.7%  

MDC Holdings, Inc.

    0.7%  

Xerox Holdings Corp.

    0.7%  

Carter’s, Inc.

    0.7%  

Archrock, Inc.

    0.6%  
*

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

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

The Fund returned 17.79% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in the Real Estate and Energy sectors, primarily due to stock selection effects. Consumer Discretionary, Consumer Staples, and Financials weighed on Fund performance due to poor allocation effects in Consumer Staples and negative stock selection effects in the other two sectors. Most other sectors had negligibly positive or negative impacts to relative Fund performance. Across dividend yield quintiles, each one had mostly positive impacts to relative Fund performance. The top two quintiles, representing the highest-yielding stocks, had the most positive effects due to stock selection effects. The bottom three quintiles contributed to relative Fund underperformance but none were very pronounced. These were mainly due to poor stock selection as well.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,174.70        0.38   $ 2.07  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       17.79      4.61      6.52      6.74

Fund Market Price Returns

       17.74      4.34      6.48      6.73

WisdomTree U.S. SmallCap Dividend Index

       18.24      5.02      6.95      7.07

Russell 2000® Index

       19.71      -0.10      8.10      7.58

Russell 2000® Value Index

       18.75      2.22      8.17      6.87

 

 

LOGO

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

 

14   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. SmallCap Fund (EES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    24.4%  

Consumer Discretionary

    17.2%  

Industrials

    17.2%  

Information Technology

    10.0%  

Health Care

    7.0%  

Energy

    6.3%  

Materials

    4.7%  

Consumer Staples

    4.3%  

Communication Services

    4.2%  

Real Estate

    3.7%  

Utilities

    0.9%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Cal-Maine Foods, Inc.

    0.7%  

TPG, Inc.

    0.7%  

O-I Glass, Inc.

    0.7%  

Par Pacific Holdings, Inc.

    0.7%  

Levi Strauss & Co., Class A

    0.6%  

Xerox Holdings Corp.

    0.6%  

Bread Financial Holdings, Inc.

    0.5%  

BGC Group, Inc., Class A

    0.5%  

Nordstrom, Inc.

    0.5%  

Sphere Entertainment Co.

    0.5%  
*

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

The WisdomTree U.S. SmallCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating small-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 17.43% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in the Consumer Discretionary, Industrials and Utilities sectors due to strong stock selection in the former two sectors and allocation effects in the latter. Information Technology, Health Care, and Consumer Staples all lagged due to poor stock selection within each sector. Across price-to-earnings quintiles, the first quintile, representing stocks with the lowest valuations, had a positive effect mostly due to positive allocation effects. The other four quintiles exhibited negative impacts mostly resulting from poor stock selection.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,165.90        0.38   $ 2.06  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       17.43      3.47      8.37      7.77

Fund Market Price Returns

       17.47      3.15      8.33      7.73

WisdomTree U.S. SmallCap Index

       18.00      3.86      8.74      8.06

Russell 2000® Index

       19.71      -0.10      8.10      7.58

Russell 2000® Value Index

       18.75      2.22      8.17      6.87

 

 

LOGO

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

 

WisdomTree Trust      15  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    23.6%  

Industrials

    23.2%  

Financials

    17.9%  

Materials

    7.2%  

Energy

    6.9%  

Consumer Staples

    5.6%  

Information Technology

    4.0%  

Communication Services

    3.9%  

Health Care

    3.9%  

Utilities

    2.4%  

Real Estate

    1.2%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

MDC Holdings, Inc.

    2.5%  

Marriott Vacations Worldwide Corp.

    2.0%  

Cohen & Steers, Inc.

    1.8%  

Carter’s, Inc.

    1.7%  

SLM Corp.

    1.7%  

Kontoor Brands, Inc.

    1.6%  

Viper Energy, Inc.

    1.5%  

Patterson Cos., Inc.

    1.4%  

Victory Capital Holdings, Inc., Class A

    1.4%  

Bloomin’ Brands, Inc.

    1.3%  
*

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

The WisdomTree U.S. SmallCap Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies with growth characteristics in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 22.40% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in the Financials, Real Estate and Energy sectors due to strong stock selection and allocation effects in each sector. The primary detractors were the Consumer Staples and Information Technology sectors due to negative stock selection in the former and a mix of poor stock selection and allocation effects in the latter. Across return-on-equity (“ROE”) quintiles, the first (representing the highest ROE) and fourth (representing the second-lowest ROE) quintiles exhibited positive performance impacts due to allocation effects in the former and stock selection effects in the latter. The other three quintiles detracted from performance due to a mix of negative stock selection effects.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,216.00        0.38   $ 2.11  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       22.40      5.31      10.20      8.33

Fund Market Price Returns

       22.38      5.05      10.18      8.32

WisdomTree U.S. SmallCap Quality Dividend Growth Index

       23.06      5.74      10.63      8.65

Russell 2000® Index

       19.71      -0.10      8.10      7.58

 

 

LOGO

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


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. SmallCap Quality Growth Fund (QSML)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    23.2%  

Industrials

    22.0%  

Information Technology

    13.2%  

Financials

    10.3%  

Health Care

    9.7%  

Energy

    6.9%  

Materials

    6.3%  

Consumer Staples

    5.1%  

Communication Services

    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.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Armstrong World Industries, Inc.

    0.9%  

Hilton Grand Vacations, Inc.

    0.8%  

Academy Sports & Outdoors, Inc.

    0.8%  

Mr. Cooper Group, Inc.

    0.8%  

Euronet Worldwide, Inc.

    0.8%  

Skyline Champion Corp.

    0.8%  

Herc Holdings, Inc.

    0.8%  

Cirrus Logic, Inc.

    0.8%  

MDC Holdings, Inc.

    0.7%  

CorVel Corp.

    0.7%  
*

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

The WisdomTree U.S. SmallCap Quality Growth Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Quality Growth Index (the “Index”). In seeking to track the Index, the Fund invests in the top scoring 30% of companies that comprise the bottom 40% of U.S. companies by market capitalization, after the 500 largest companies have been removed, with the highest composite scores based on two fundamental factors: growth and quality, which are equally weighted. 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/investments.

Shareholder Expense Example (for the period1 ended March 31, 2024)

 

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

Actual1

   $ 1,000.00      $ 1,058.50        0.38   $ 0.72  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  
1 

Fund commenced operations on January 25, 2024. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 67/366 (to reflect the period since commencement of operations).

 

 

 

WisdomTree Trust      17  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. Total Dividend Fund (DTD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    18.6%  

Information Technology

    16.9%  

Health Care

    12.5%  

Consumer Staples

    12.1%  

Industrials

    10.0%  

Energy

    8.1%  

Consumer Discretionary

    7.1%  

Utilities

    4.6%  

Real Estate

    4.5%  

Communication Services

    3.0%  

Materials

    2.4%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    3.2%  

JPMorgan Chase & Co.

    2.9%  

Apple, Inc.

    2.7%  

AbbVie, Inc.

    2.5%  

Broadcom, Inc.

    2.2%  

Exxon Mobil Corp.

    2.2%  

Johnson & Johnson

    2.1%  

NVIDIA Corp.

    1.9%  

Home Depot, Inc.

    1.9%  

Procter & Gamble Co.

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

The Fund returned 19.75% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited the most from its position in the Information Technology sector, which featured overwhelmingly positive allocation and stock selection effects. Health Care and Materials sectors also contributed positively, albeit to a lesser extent, mainly due to positive stock selection. Communication Services, Industrials and Financials sectors all detracted from performance, with Industrials’ impact due to poor stock selection, Financials’ impact due to negative allocation effects, and Communication Services’ impact due to a negative mix of both effects. Across dividend yield quintiles, the fifth (i.e. lowest dividend yield) quintile had a significantly positive performance impact due to an approximately equal mix of both positive allocation and strong stock selection effects. The third quintile was also additive, though primarily due to stock selection. The second and fourth quintiles detracted from Fund performance mainly due to poor stock selection in the latter and a mix of negative stock selection and allocation effects in the former.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,190.30        0.28   $ 1.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.60        0.28   $ 1.42  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       19.75      10.51      11.26      10.44

Fund Market Price Returns

       19.64      10.40      11.22      10.43

WisdomTree U.S. Dividend Index

       20.17      10.88      11.63      10.78

Russell 3000® Index

       29.29      9.78      14.34      12.33

Russell 3000® Value Index

       20.18      7.74      10.18      8.86

 

 

LOGO

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.

 

18   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree U.S. Value Fund (WTV)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.4%  

Consumer Discretionary

    15.2%  

Industrials

    14.8%  

Energy

    11.3%  

Information Technology

    9.7%  

Health Care

    8.1%  

Materials

    7.9%  

Communication Services

    4.7%  

Consumer Staples

    3.0%  

Utilities

    2.0%  

Real Estate

    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.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Vistra Corp.

    1.5%  

AppLovin Corp., Class A

    1.3%  

Builders FirstSource, Inc.

    1.1%  

Marathon Petroleum Corp.

    1.1%  

Valero Energy Corp.

    1.1%  

Discover Financial Services

    1.0%  

Evercore, Inc., Class A

    1.0%  

Phillips 66

    1.0%  

Synchrony Financial

    1.0%  

Marathon Oil Corp.

    1.0%  
*

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

The WisdomTree U.S. Value Fund (the “Fund”) is actively managed using a model-based approach seeking income and capital appreciation by investing primarily in U.S. equity securities that provide a high total shareholder yield with favorable relative quality characteristics.

The Fund returned 31.10% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Most sectors contributed positively to performance during the period. Health Care, Consumer Discretionary and Utilities sectors all benefited due to strong stock selection effects. Only Financials and Communication Services detracted from performance due to poor allocation effects in Financials and negative stock selection within Communication Services. Across price-to-earnings quintiles, all five contributed positively exclusively due to strong stock selection.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,233.60        0.12   $ 0.67  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.40        0.12   $ 0.61  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       31.10      12.41      14.34      11.78

Fund Market Price Returns

       31.09      12.25      14.33      11.78

Russell 1000® Value Index

       20.27      8.11      10.32      9.01

 

 

LOGO

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      19  


Description of Terms and Indexes (unaudited)

 

 

Below are descriptions of certain terms and of each Index referenced in this report:

Allocation Effect measures an investment manager’s ability to effectively allocate a portfolio’s assets to various segments. A segment refers to assets or securities that are grouped within a certain classification such as sectors, industries, or countries. The allocation effect determines whether the overweighting or underweighting of segments relative to a benchmark contributes positively or negatively to the overall portfolio return. Positive allocation occurs when the portfolio is overweighted in a segment that outperforms the benchmark and underweighted in a segment that underperforms the benchmark. Negative allocation occurs when the portfolio is overweighted in a segment that underperforms the benchmark and underweighted in a segment that outperforms the benchmark.

Correlation is a statistical measure of how two sets of returns move in relation to each other. Correlation coefficients range from -1 to 1. A correlation of 1 means the two subjects of analysis move in lockstep with each other. A correlation of -1 means the two subjects of analysis have moved in exactly the opposite direction.

Factors generally are attributes that are based on fundamentals or share price behavior.

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a country’s economic health.

Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.

Momentum is generally characterized by assets with recent price increase trends over time. This term is also associated with the momentum factor which associates these stock characteristics with excess return vs. the market over time.

Price-to-earnings (P/E) ratio measures a company’s share price relative to its earnings per share.

Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.

Quintiles refers to separating a universe of companies into five groups of equal size on the basis of dividend yield, price-to-earnings, or return-on-equity, as applicable.

Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.

The Russell 1000® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® companies with higher price-to-book ratios and higher forcasted growth values. The Russell 1000® Growth Index is constructed to provide a comprehensive and unbiased barometer for the large-cap growth segment.

The Russell 1000® Index represents the top 1,000 companies by market capitalization in the United States.

The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.

The Russell 2000® Index is a capitalization-weighted index that is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.

The Russell 2000® Value Index is a capitalization-weighted index that is comprised of the small-capitalization value segment of the U.S. equity universe, selecting from the Russell 2000 Index.

The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.

The Russell 3000® Value Index is a capitalization-weighted index that measures the performance of the value segment of the broad U.S. equity market, selecting from the Russell 3000 Index.

 

20   WisdomTree Trust


Description of Terms and Indexes (unaudited) (continued)

 

The Russell MidCap® Index is a market capitalization-weighted index that is comprised of the smallest 800 stocks of the Russell 1000 Index.

The Russell MidCap® Value Index is a capitalization-weighted index that measures the midcap value segment of the U.S. equity universe, selecting from the Russell MidCap Index.

The S&P 500® Equal Weight Index is the equal-weight version of the widely used S&P 500® Index. The index includes the same constituents as the capitalization-weighted S&P 500 Index, but each company is allocated a fixed weight—or 0.2% of the index total at each quarterly rebalance.

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

The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.

Selection Effect measures an investment manager’s ability to select securities within a given segment relative to a benchmark. The over or underperformance of the portfolio is weighted by the benchmark weight, therefore, selection is not affected by the investment manager’s allocation to the segment. The weight of the segment in the portfolio determines the size of the effect—the larger the segment, the larger the effect is, positive or negative. A positive selection effect occurs when the portfolio return is greater than the benchmark return. Thus, the investment manager made good decisions in selecting securities that, as a whole, outperformed similar securities in the benchmark. A negative selection effect occurs when the portfolio return is less than the benchmark return. Thus, the investment manager made poor decisions in selecting securities that, as a whole, underperformed similar securities in the benchmark.

Shareholder Yield generally refers to a data point that references a combination of dividend yield and buyback yield.

Value is generally characterized by lower price levels relative to fundamentals, such as earnings or dividends. Prices are lower because investors are less certain of the performance of these fundamentals in the future. This term is also related to the value factor, which associates these stock characteristics with excess returns vs. the market over time.

Volatility is a statistical measure of the dispersion of returns for a given security or market index around a particular average level. If the price stays relatively stable, the security has low volatility. A highly volatile security hits new highs and lows quickly, moves erratically, and has rapid increases and dramatic falls.

The WisdomTree U.S. Dividend Index defines the dividend-paying portion of the U.S. stock market.

The WisdomTree U.S. High Dividend Index is comprised of companies with high dividend yields, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. LargeCap Dividend Index is comprised of the large-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. LargeCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the large-capitalization segment of the U.S. stock market.

The WisdomTree U.S. MidCap Dividend Index is comprised of the mid-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. MidCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.

The WisdomTree U.S. MidCap Quality Growth Index is composed of the top scoring 30% of companies that comprise the top 60% of U.S. companies by market capitalization, after the 500 largest companies have been removed, that are ranked on a composite score of two fundamental factors: growth and quality, which are equally weighted.

The WisdomTree U.S. Multifactor Index is comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

 

WisdomTree Trust      21  


Description of Terms and Indexes (unaudited) (concluded)

 

 

The WisdomTree U.S. Quality Growth Index is a market-cap weighted index that consists of companies with quality and growth characteristics. The top 500 U.S. companies by market capitalization are ranked on a composite score of two fundamental factors: growth and quality, which are equally weighted.

The WisdomTree U.S. Quality Dividend Growth Index is comprised of dividend-paying stocks with growth characteristics.

The WisdomTree U.S. SmallCap Dividend Index is comprised of the small-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. SmallCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the small-capitalization segment of the U.S. stock market.

The WisdomTree U.S. SmallCap Quality Dividend Growth Index is comprised of the small-capitalization segment of dividend-paying stocks with growth characteristics.

The WisdomTree U.S. SmallCap Quality Growth Index is composed of the top scoring 30% of companies that comprise the bottom 40% of U.S. companies by market capitalization, after the 500 largest companies have been removed, that are ranked on a composite score of two fundamental factors: growth and quality, which are equally weighted.

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

The Dow Jones U.S. Select Dividend Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

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

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

WisdomTree, 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 is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree 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 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.

 

22   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
United States – 98.1%      
Aerospace & Defense – 6.2%      

HEICO Corp.

     17,727      $ 3,385,857  

Hexcel Corp.

     12,195        888,406  

Howmet Aerospace, Inc.

     80,485        5,507,588  

L3Harris Technologies, Inc.

     4,396        936,788  

RTX Corp.

     47,165        4,600,002  

Textron, Inc.

     84,500        8,106,085  
     

 

 

 
Total Aerospace & Defense               23,424,726  
Banks – 5.7%      

Bank of America Corp.

     299,100        11,341,872  

Citigroup, Inc.

     104,338        6,598,335  

Wells Fargo & Co.

     60,827        3,525,533  
     

 

 

 
Total Banks               21,465,740  
Beverages – 4.0%      

Coca-Cola Co.

     138,161        8,452,690  

Keurig Dr. Pepper, Inc.

     219,150        6,721,330  
     

 

 

 
Total Beverages               15,174,020  
Biotechnology – 0.9%      

Exelixis, Inc.*

     74,198        1,760,719  

Incyte Corp.*

     25,596        1,458,204  
     

 

 

 
Total Biotechnology               3,218,923  
Building Products – 1.7%      

Carrier Global Corp.

     94,315        5,482,531  

Johnson Controls International PLC

     15,321        1,000,768  
     

 

 

 
Total Building Products               6,483,299  
Capital Markets – 9.8%      

CME Group, Inc.

     34,478        7,422,769  

FactSet Research Systems, Inc.

     3,187        1,448,141  

Intercontinental Exchange, Inc.

     88,605        12,176,985  

Invesco Ltd.

     168,700        2,798,733  

MSCI, Inc.

     3,798        2,128,589  

Nasdaq, Inc.

     177,015        11,169,646  
     

 

 

 
Total Capital Markets               37,144,863  
Chemicals – 5.0%      

Ashland, Inc.

     9,699        944,392  

Dow, Inc.

     160,052        9,271,812  

Eastman Chemical Co.

     10,466        1,048,903  

Element Solutions, Inc.

     39,900        996,702  

Huntsman Corp.

     169,411        4,409,768  

PPG Industries, Inc.

     15,708        2,276,089  
     

 

 

 
Total Chemicals               18,947,666  
Commercial Services & Supplies – 0.4%      

Rollins, Inc.

     33,431        1,546,852  
Construction & Engineering – 0.5%      

MDU Resources Group, Inc.

     79,119        1,993,799  
Containers & Packaging – 0.6%      

Amcor PLC

     239,131        2,274,136  
Distributors – 1.3%      

LKQ Corp.

     94,516      5,048,099  
Electric Utilities – 2.8%      

OGE Energy Corp.

     27,591        946,371  

PPL Corp.

     346,479        9,538,567  
     

 

 

 
Total Electric Utilities               10,484,938  
Electrical Equipment – 0.4%      

AMETEK, Inc.

     7,402        1,353,826  
Electronic Equipment, Instruments & Components – 1.6%

 

Corning, Inc.

     156,996        5,174,588  

Teledyne Technologies, Inc.*

     2,298        986,577  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     6,161,165  
Entertainment – 0.3%      

ROBLOX Corp., Class A*

     26,709        1,019,750  
Financial Services – 0.6%      

Equitable Holdings, Inc.

     62,161        2,362,740  
Food Products – 1.1%      

Flowers Foods, Inc.

     40,500        961,875  

Kraft Heinz Co.

     90,686        3,346,313  
     

 

 

 
Total Food Products               4,308,188  
Ground Transportation – 0.2%      

CSX Corp.

     24,966        925,490  
Health Care Equipment & Supplies – 7.4%      

Abbott Laboratories

     96,067        10,918,975  

Edwards Lifesciences Corp.*

     13,789        1,317,677  

Hologic, Inc.*

     36,731        2,863,549  

Medtronic PLC

     133,325        11,619,274  

Zimmer Biomet Holdings, Inc.

     10,636        1,403,739  
     

 

 

 
Total Health Care Equipment & Supplies               28,123,214  
Health Care Providers & Services – 1.4%      

Elevance Health, Inc.

     10,481        5,434,818  
Hotels, Restaurants & Leisure – 0.7%      

Norwegian Cruise Line Holdings Ltd.*(a)

     46,827        980,089  

Wendy’s Co.

     93,644        1,764,253  
     

 

 

 
Total Hotels, Restaurants & Leisure               2,744,342  
Household Products – 0.5%      

Kimberly-Clark Corp.

     7,493        969,220  

Reynolds Consumer Products, Inc.

     33,856        966,927  
     

 

 

 
Total Household Products               1,936,147  
Industrial Conglomerates – 1.8%      

3M Co.

     23,905        2,535,603  

Honeywell International, Inc.

     20,379        4,182,790  
     

 

 

 
Total Industrial Conglomerates               6,718,393  
Industrial REITs – 0.4%      

First Industrial Realty Trust, Inc.

     26,254        1,379,385  
Insurance – 4.4%      

Axis Capital Holdings Ltd.

     19,119        1,243,117  

Lincoln National Corp.

     63,716        2,034,452  

Marsh & McLennan Cos., Inc.

     39,501        8,136,416  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (continued)

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

March 31, 2024

 

 

 

Investments    Shares      Value  

Old Republic International Corp.

     142,633      $ 4,381,686  

Reinsurance Group of America, Inc.

     5,133        990,053  
     

 

 

 
Total Insurance               16,785,724  
IT Services – 0.2%      

DXC Technology Co.*

     41,537        881,000  
Life Sciences Tools & Services – 2.8%      

Agilent Technologies, Inc.

     42,782        6,225,209  

Bio-Techne Corp.

     33,654        2,368,905  

Qiagen NV*

     50,512        2,171,511  
     

 

 

 
Total Life Sciences Tools & Services               10,765,625  
Machinery – 6.8%      

Donaldson Co., Inc.

     13,223        987,494  

Fortive Corp.

     134,226        11,546,121  

Gates Industrial Corp. PLC*

     71,324        1,263,148  

Otis Worldwide Corp.

     121,013        12,012,960  
     

 

 

 
Total Machinery               25,809,723  
Media – 3.5%      

Comcast Corp., Class A

     264,326        11,458,532  

Fox Corp., Class B

     41,144        1,177,542  

Sirius XM Holdings, Inc.(a)

     205,423        797,041  
     

 

 

 
Total Media               13,433,115  
Multi-Utilities – 3.6%      

CenterPoint Energy, Inc.

     121,020        3,447,860  

CMS Energy Corp.

     15,826        954,941  

NiSource, Inc.

     299,498        8,284,114  

Public Service Enterprise Group, Inc.

     15,160        1,012,385  
     

 

 

 
Total Multi-Utilities               13,699,300  
Oil, Gas & Consumable Fuels – 9.0%      

Antero Midstream Corp.

     129,415        1,819,575  

Chevron Corp.

     26,887        4,241,155  

Exxon Mobil Corp.

     106,598        12,390,952  

Kinder Morgan, Inc.

     259,069        4,751,326  

Occidental Petroleum Corp.

     35,158        2,284,918  

Williams Cos., Inc.

     218,962        8,532,949  
     

 

 

 
Total Oil, Gas & Consumable Fuels               34,020,875  
Pharmaceuticals – 1.1%      

Pfizer, Inc.

     144,798        4,018,144  
Professional Services – 0.8%      

Dun & Bradstreet Holdings, Inc.

     86,146        864,906  

Genpact Ltd.

     26,707        879,995  

Paychex, Inc.

     11,125        1,366,150  
     

 

 

 
Total Professional Services               3,111,051  
Residential REITs – 0.9%      

Equity Residential

     52,869        3,336,563  
Software – 3.2%      

DocuSign, Inc.*

     19,772        1,177,423  

Dropbox, Inc., Class A*

     174,874        4,249,438  

HashiCorp, Inc., Class A*

     71,379        1,923,664  

Palantir Technologies, Inc., Class A*

     94,805        2,181,463  

RingCentral, Inc., Class A*

     27,171        943,921  

Teradata Corp.*

     24,135      933,300  

Zoom Video Communications, Inc., Class A*

     12,836        839,089  
     

 

 

 
Total Software               12,248,298  
Specialized REITs – 1.4%      

Weyerhaeuser Co.

     144,023        5,171,866  
Technology Hardware, Storage & Peripherals – 2.6%

 

Hewlett Packard Enterprise Co.

     435,806        7,726,840  

HP, Inc.

     68,663        2,074,996  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     9,801,836  
Textiles, Apparel & Luxury Goods – 0.5%      

NIKE, Inc., Class B

     19,640        1,845,767  
Tobacco – 2.0%      

Altria Group, Inc.

     88,392        3,855,659  

Philip Morris International, Inc.

     38,864        3,560,720  
     

 

 

 
Total Tobacco               7,416,379  
Total United States               372,019,785  
Brazil – 0.8%      
Capital Markets – 0.8%      

XP, Inc., Class A

     117,013        3,002,554  
United Kingdom – 0.3%      
Machinery – 0.3%      

CNH Industrial NV

     101,771        1,318,952  

TOTAL COMMON STOCKS

(Cost: $349,308,862)

              376,341,291  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      
iShares Russell 1000 Value ETF(a)
(Cost: $724,658)
     4,205        753,158  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(b)

     
(Cost: $739,520)      739,520        739,520  

TOTAL INVESTMENTS IN SECURITIES – 99.6%

(Cost: $350,773,040)

        377,833,969  

Other Assets less Liabilities – 0.4%

        1,341,296  
     

 

 

 
NET ASSETS – 100.0%             $ 379,175,265  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,277,161 and the total market value of the collateral held by the Fund was $2,329,856. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,590,336.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

March 31, 2024

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

   $ 376,341,291      $      $      $ 376,341,291  

Exchange-Traded Fund

     753,158                      753,158  

Investment of Cash Collateral for Securities Loaned

            739,520               739,520  

Total Investments in Securities

   $ 377,094,449      $ 739,520      $      $ 377,833,969  

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Schedule of Investments

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
United States – 99.5%      
Aerospace & Defense – 0.1%      

Kaman Corp.

     18,505      $ 848,825  

National Presto Industries, Inc.

     4,659        390,424  
     

 

 

 
Total Aerospace & Defense               1,239,249  
Air Freight & Logistics – 1.9%      

United Parcel Service, Inc., Class B

     141,681        21,058,047  
Automobile Components – 0.2%      

LCI Industries

     11,314        1,392,301  

Phinia, Inc.

     31,533        1,211,813  
     

 

 

 
Total Automobile Components               2,604,114  
Banks – 13.5%      

Arrow Financial Corp.(a)

     10,553        264,036  

Associated Banc-Corp.

     73,435        1,579,587  

Atlantic Union Bankshares Corp.

     37,892        1,337,967  

Bank of Hawaii Corp.(a)

     20,378        1,271,383  

Bank of Marin Bancorp

     11,194        187,723  

BankUnited, Inc.

     39,469        1,105,132  

Banner Corp.

     21,478        1,030,944  

Bar Harbor Bankshares

     10,644        281,853  

Brookline Bancorp, Inc.

     59,340        591,026  

Burke & Herbert Financial Services Corp.(a)

     4,865        272,586  

Cambridge Bancorp

     5,133        349,865  

Camden National Corp.

     9,406        315,289  

Capitol Federal Financial, Inc.

     91,137        543,177  

Central Pacific Financial Corp.

     17,585        347,304  

Citigroup, Inc.

     404,816        25,600,564  

Citizens & Northern Corp.

     10,576        198,617  

Civista Bancshares, Inc.

     10,532        161,982  

Columbia Banking System, Inc.

     86,906        1,681,631  

Comerica, Inc.

     47,847        2,631,107  

Community Bank System, Inc.

     25,782        1,238,309  

Community Trust Bancorp, Inc.

     12,175        519,264  

CVB Financial Corp.

     68,398        1,220,220  

Dime Community Bancshares, Inc.

     25,296        487,201  

Eagle Bancorp, Inc.

     18,815        441,964  

Farmers & Merchants Bancorp, Inc.

     9,255        206,294  

Farmers National Banc Corp.

     25,367        338,903  

Fifth Third Bancorp

     165,139        6,144,822  

Financial Institutions, Inc.

     10,197        191,908  

First Bancorp, Inc.

     7,931        195,420  

First Busey Corp.

     36,127        868,854  

First Commonwealth Financial Corp.

     65,976        918,386  

First Community Bankshares, Inc.

     12,279        425,222  

First Financial Bancorp

     61,031        1,368,315  

First Financial Corp.

     8,012        307,100  

First Hawaiian, Inc.

     68,129        1,496,113  

First Interstate BancSystem, Inc., Class A

     62,423        1,698,530  

First Merchants Corp.

     35,427        1,236,402  

First of Long Island Corp.

     5,965        66,152  

Flushing Financial Corp.

     17,253        217,560  

FNB Corp.

     120,629        1,700,869  

Fulton Financial Corp.

     84,003      1,334,808  

Glacier Bancorp, Inc.

     40,226        1,620,303  

Hanmi Financial Corp.

     13,508        215,047  

HBT Financial, Inc.

     21,362        406,732  

Heartland Financial USA, Inc.

     27,376        962,266  

Heritage Commerce Corp.

     14,922        128,031  

Heritage Financial Corp.

     23,260        451,011  

Hope Bancorp, Inc.

     79,301        912,755  

Horizon Bancorp, Inc.

     30,436        390,494  

Huntington Bancshares, Inc.

     414,832        5,786,906  

Independent Bank Corp.

     33,878        1,404,795  

Independent Bank Group, Inc.

     25,483        1,163,299  

Kearny Financial Corp.

     32,551        209,628  

Lakeland Bancorp, Inc.

     43,437        525,588  

M&T Bank Corp.

     35,045        5,096,945  

Mercantile Bank Corp.

     10,607        408,263  

Mid Penn Bancorp, Inc.

     11,355        227,214  

Midland States Bancorp, Inc.

     13,930        350,061  

MidWestOne Financial Group, Inc.

     10,556        247,433  

New York Community Bancorp, Inc.(a)

     304,690        981,102  

Northrim BanCorp, Inc.

     3,741        188,958  

Northwest Bancshares, Inc.

     84,436        983,679  

Norwood Financial Corp.

     4,949        134,662  

OceanFirst Financial Corp.

     39,159        642,599  

Pacific Premier Bancorp, Inc.

     53,908        1,293,792  

Park National Corp.

     9,117        1,238,544  

Parke Bancorp, Inc.

     8,372        144,208  

PCB Bancorp

     9,060        147,950  

Peoples Bancorp, Inc.

     23,501        695,865  

Peoples Financial Services Corp.

     4,761        205,247  

PNC Financial Services Group, Inc.

     85,175        13,764,280  

Premier Financial Corp.

     22,969        466,271  

Primis Financial Corp.

     13,575        165,208  

Provident Financial Services, Inc.

     59,844        871,927  

RBB Bancorp

     12,662        228,043  

Regions Financial Corp.

     280,419        5,900,016  

S&T Bancorp, Inc.

     25,550        819,644  

Sandy Spring Bancorp, Inc.

     29,999        695,377  

Shore Bancshares, Inc.

     21,987        252,851  

Sierra Bancorp

     9,861        199,192  

Simmons First National Corp., Class A

     73,169        1,423,869  

Southside Bancshares, Inc.

     18,785        549,086  

Synovus Financial Corp.

     53,523        2,144,131  

TFS Financial Corp.

     169,945        2,134,509  

Tompkins Financial Corp.

     9,568        481,175  

Towne Bank

     39,964        1,121,390  

TrustCo Bank Corp.

     12,990        365,798  

Trustmark Corp.

     38,378        1,078,806  

U.S. Bancorp

     354,435        15,843,245  

United Bankshares, Inc.

     48,341        1,730,124  

Univest Financial Corp.

     19,902        414,360  

Valley National Bancorp

     185,686        1,478,061  

Veritex Holdings, Inc.

     34,958        716,289  

Washington Trust Bancorp, Inc.

     5,865        157,651  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Webster Financial Corp.

     42,972      $ 2,181,688  

WesBanco, Inc.

     38,770        1,155,734  

West BanCorp, Inc.

     11,257        200,712  

Zions Bancorp NA

     49,831        2,162,665  
     

 

 

 
Total Banks               148,239,868  
Biotechnology – 7.1%      

AbbVie, Inc.

     344,332        62,702,857  

Gilead Sciences, Inc.

     216,413        15,852,252  
     

 

 

 
Total Biotechnology               78,555,109  
Broadline Retail – 0.5%      

Kohl’s Corp.

     75,438        2,199,018  

Macy’s, Inc.

     95,834        1,915,721  

Nordstrom, Inc.(a)

     83,296        1,688,410  
     

 

 

 
Total Broadline Retail               5,803,149  
Capital Markets – 6.8%      

Bank of New York Mellon Corp.

     135,164        7,788,150  

Blue Owl Capital, Inc.

     144,297        2,721,441  

Bridge Investment Group Holdings, Inc., Class A

     20,966        143,617  

Carlyle Group, Inc.

     85,559        4,013,573  

Cohen & Steers, Inc.

     25,075        1,928,017  

Diamond Hill Investment Group, Inc.

     1,991        306,953  

Franklin Resources, Inc.

     135,930        3,820,992  

GCM Grosvenor, Inc., Class A(a)

     28,661        276,865  

Moelis & Co., Class A

     29,796        1,691,519  

Morgan Stanley

     320,967        30,222,253  

Northern Trust Corp.

     43,694        3,885,271  

State Street Corp.

     63,595        4,917,165  

T Rowe Price Group, Inc.

     56,889        6,935,907  

TPG, Inc.

     38,494        1,720,682  

Victory Capital Holdings, Inc., Class A

     39,808        1,689,053  

Virtu Financial, Inc., Class A

     61,791        1,267,951  

Virtus Investment Partners, Inc.

     4,800        1,190,304  
     

 

 

 
Total Capital Markets               74,519,713  
Chemicals – 1.8%      

Chemours Co.

     49,666        1,304,229  

Dow, Inc.

     186,062        10,778,572  

Eastman Chemical Co.

     29,551        2,961,601  

Huntsman Corp.

     61,574        1,602,771  

Kronos Worldwide, Inc.(a)

     81,417        960,721  

Scotts Miracle-Gro Co.(a)

     24,227        1,807,092  
     

 

 

 
Total Chemicals               19,414,986  
Commercial Services & Supplies – 0.2%      

ACCO Brands Corp.

     66,260        371,718  

Aris Water Solutions, Inc., Class A(a)

     21,871        309,475  

Deluxe Corp.

     29,175        600,713  

Ennis, Inc.

     17,340        355,643  

Pitney Bowes, Inc.(a)

     120,917        523,571  
     

 

 

 
Total Commercial Services & Supplies               2,161,120  
Consumer Finance – 0.8%      

Ally Financial, Inc.

     77,492        3,145,400  

Navient Corp.

     63,180        1,099,332  

OneMain Holdings, Inc.

     81,118      4,144,319  

Regional Management Corp.

     6,665        161,360  
     

 

 

 
Total Consumer Finance               8,550,411  
Consumer Staples Distribution & Retail – 0.1%      

SpartanNash Co.

     22,832        461,434  

Village Super Market, Inc., Class A

     7,393        211,514  
     

 

 

 
Total Consumer Staples Distribution & Retail               672,948  
Containers & Packaging – 0.8%      

Greif, Inc., Class B

     14,291        993,510  

International Paper Co.

     97,569        3,807,143  

Pactiv Evergreen, Inc.

     91,597        1,311,669  

Sonoco Products Co.

     38,699        2,238,350  
     

 

 

 
Total Containers & Packaging               8,350,672  
Diversified REITs – 0.1%      

Alexander & Baldwin, Inc.

     5,302        87,324  

American Assets Trust, Inc.

     3,037        66,541  

Armada Hoffler Properties, Inc.

     4,384        45,594  

Broadstone Net Lease, Inc.

     13,804        216,309  

CTO Realty Growth, Inc.

     2,543        43,104  

Essential Properties Realty Trust, Inc.

     11,310        301,524  

NexPoint Diversified Real Estate Trust(a)

     49        323  

WP Carey, Inc.

     15,996        902,814  
     

 

 

 
Total Diversified REITs               1,663,533  
Diversified Telecommunication Services – 0.1%

 

Cogent Communications Holdings, Inc.

     24,661        1,611,103  
Electric Utilities – 8.2%      

ALLETE, Inc.

     30,118        1,796,238  

Alliant Energy Corp.

     53,085        2,675,484  

American Electric Power Co., Inc.

     111,304        9,583,274  

Duke Energy Corp.

     158,712        15,349,038  

Edison International

     86,406        6,111,496  

Entergy Corp.

     71,708        7,578,101  

Evergy, Inc.

     65,033        3,471,462  

Eversource Energy

     80,314        4,800,368  

Exelon Corp.

     183,986        6,912,354  

FirstEnergy Corp.

     134,376        5,189,601  

OGE Energy Corp.

     82,088        2,815,618  

Pinnacle West Capital Corp.

     45,908        3,430,705  

Portland General Electric Co.

     39,609        1,663,578  

PPL Corp.

     154,661        4,257,817  

Southern Co.

     202,235        14,508,339  
     

 

 

 
Total Electric Utilities               90,143,473  
Electronic Equipment, Instruments & Components – 0.5%      

Corning, Inc.

     176,485        5,816,946  
Energy Equipment & Services – 0.3%      

Archrock, Inc.

     97,111        1,910,173  

Kodiak Gas Services, Inc.

     50,402        1,377,991  

Solaris Oilfield Infrastructure, Inc., Class A

     23,370        202,618  
     

 

 

 
Total Energy Equipment & Services               3,490,782  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2024

 

 

 

Investments    Shares      Value  
Financial Services – 1.2%      

Alerus Financial Corp.(a)

     13,582      $ 296,495  

Corebridge Financial, Inc.

     166,314        4,778,201  

Jackson Financial, Inc., Class A

     35,815        2,368,804  

NewtekOne, Inc.

     16,369        180,059  

Radian Group, Inc.

     68,338        2,287,273  

UWM Holdings Corp.(a)

     62,752        455,580  

Waterstone Financial, Inc.

     16,237        197,604  

Western Union Co.

     205,166        2,868,221  
     

 

 

 
Total Financial Services               13,432,237  
Food Products – 2.7%      

B&G Foods, Inc.

     49,346        564,518  

Conagra Brands, Inc.

     126,949        3,762,768  

Flowers Foods, Inc.

     97,364        2,312,395  

JM Smucker Co.

     23,896        3,007,790  

John B Sanfilippo & Son, Inc.

     6,148        651,196  

Kellanova

     76,225        4,366,930  

Kraft Heinz Co.

     267,179        9,858,905  

Tyson Foods, Inc., Class A

     66,118        3,883,110  

WK Kellogg Co.

     58,708        1,103,711  
     

 

 

 
Total Food Products               29,511,323  
Gas Utilities – 1.1%      

National Fuel Gas Co.

     39,801        2,138,110  

New Jersey Resources Corp.

     35,002        1,501,936  

Northwest Natural Holding Co.

     24,465        910,587  

ONE Gas, Inc.

     24,006        1,549,107  

Southwest Gas Holdings, Inc.

     26,084        1,985,775  

Spire, Inc.

     24,268        1,489,327  

UGI Corp.

     92,728        2,275,545  
     

 

 

 
Total Gas Utilities               11,850,387  
Health Care Providers & Services – 0.2%      

Patterson Cos., Inc.

     46,447        1,284,260  

Premier, Inc., Class A

     59,484        1,314,596  
     

 

 

 
Total Health Care Providers & Services               2,598,856  
Health Care REITs – 0.2%      

CareTrust REIT, Inc.

     8,612        209,874  

Community Healthcare Trust, Inc.

     1,963        52,118  

Global Medical REIT, Inc.

     6,411        56,096  

LTC Properties, Inc.

     2,686        87,322  

National Health Investors, Inc.

     3,470        218,020  

Sabra Health Care REIT, Inc.

     17,867        263,896  

Ventas, Inc.

     29,949        1,303,979  
     

 

 

 
Total Health Care REITs               2,191,305  
Hotel & Resort REITs – 0.2%      

Host Hotels & Resorts, Inc.

     53,873        1,114,093  

Park Hotels & Resorts, Inc.

     16,367        286,259  

Ryman Hospitality Properties, Inc.

     4,498        520,014  

Service Properties Trust

     12,315        83,496  

Summit Hotel Properties, Inc.

     9,446        61,493  
     

 

 

 
Total Hotel & Resort REITs               2,065,355  
Hotels, Restaurants & Leisure – 1.0%      

Bloomin’ Brands, Inc.

     48,344      1,386,506  

Cracker Barrel Old Country Store, Inc.

     14,574        1,059,967  

Dine Brands Global, Inc.

     10,303        478,883  

Marriott Vacations Worldwide Corp.

     17,245        1,857,804  

Travel & Leisure Co.

     38,129        1,866,796  

Vail Resorts, Inc.

     10,173        2,266,850  

Wendy’s Co.

     112,931        2,127,620  
     

 

 

 
Total Hotels, Restaurants & Leisure               11,044,426  
Household Durables – 0.4%      

Ethan Allen Interiors, Inc.

     17,374        600,619  

Leggett & Platt, Inc.

     73,827        1,413,787  

MDC Holdings, Inc.

     32,167        2,023,626  
     

 

 

 
Total Household Durables               4,038,032  
Household Products – 1.2%      

Energizer Holdings, Inc.

     37,984        1,118,249  

Kimberly-Clark Corp.

     92,778        12,000,834  
     

 

 

 
Total Household Products               13,119,083  
Independent Power & Renewable Electricity Producers – 0.2%

 

Clearway Energy, Inc., Class A

     24,248        521,575  

Clearway Energy, Inc., Class C

     53,844        1,241,104  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     1,762,679  
Industrial REITs – 0.1%      

Innovative Industrial Properties, Inc.

     2,220        229,859  

LXP Industrial Trust

     21,440        193,389  

Plymouth Industrial REIT, Inc.

     3,450        77,625  

STAG Industrial, Inc.

     13,708        526,935  
     

 

 

 
Total Industrial REITs               1,027,808  
Insurance – 2.4%      

AMERISAFE, Inc.

     14,206        712,715  

CNA Financial Corp.

     64,076        2,910,332  

Donegal Group, Inc., Class A

     18,794        265,747  

Fidelity National Financial, Inc.

     66,081        3,508,901  

First American Financial Corp.

     27,184        1,659,583  

Horace Mann Educators Corp.

     27,353        1,011,787  

Investors Title Co.

     1,327        216,553  

Lincoln National Corp.

     91,202        2,912,080  

Prudential Financial, Inc.

     91,086        10,693,496  

Safety Insurance Group, Inc.

     9,841        808,832  

Stewart Information Services Corp.

     16,530        1,075,442  

Universal Insurance Holdings, Inc.

     20,658        419,771  
     

 

 

 
Total Insurance               26,195,239  
IT Services – 4.4%      

Information Services Group, Inc.

     32,863        132,767  

International Business Machines Corp.

     251,348        47,997,414  
     

 

 

 
Total IT Services               48,130,181  
Leisure Products – 0.1%      

Marine Products Corp.

     21,627        254,117  

Smith & Wesson Brands, Inc.

     30,884        536,146  
     

 

 

 
Total Leisure Products               790,263  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2024

 

 

 

Investments    Shares      Value  
Machinery – 0.1%      

Douglas Dynamics, Inc.

     15,399      $ 371,424  

Trinity Industries, Inc.

     45,315        1,262,023  
     

 

 

 
Total Machinery               1,633,447  
Media – 0.6%      

Entravision Communications Corp., Class A

     35,795        58,704  

Gray Television, Inc.

     58,486        369,631  

Interpublic Group of Cos., Inc.

     94,364        3,079,097  

John Wiley & Sons, Inc., Class A

     31,466        1,199,799  

Nexstar Media Group, Inc.

     11,547        1,989,433  

Sinclair, Inc.(a)

     26,674        359,299  
     

 

 

 
Total Media               7,055,963  
Metals & Mining – 0.2%      

Kaiser Aluminum Corp.

     10,268        917,548  

Mesabi Trust

     9,248        163,690  

SunCoke Energy, Inc.

     56,021        631,357  
     

 

 

 
Total Metals & Mining               1,712,595  
Multi-Utilities – 4.2%      

Avista Corp.

     40,929        1,433,334  

Black Hills Corp.

     27,978        1,527,599  

Consolidated Edison, Inc.

     90,634        8,230,474  

Dominion Energy, Inc.

     234,809        11,550,255  

DTE Energy Co.

     40,474        4,538,754  

NiSource, Inc.

     103,205        2,854,650  

Northwestern Energy Group, Inc.

     28,658        1,459,552  

Public Service Enterprise Group, Inc.

     136,125        9,090,427  

WEC Energy Group, Inc.

     61,352        5,038,226  
     

 

 

 
Total Multi-Utilities               45,723,271  
Office REITs – 0.3%      

Alexandria Real Estate Equities, Inc.

     12,210        1,573,991  

COPT Defense Properties

     8,374        202,399  

Cousins Properties, Inc.

     9,951        239,222  

Douglas Emmett, Inc.

     10,045        139,324  

Easterly Government Properties, Inc.

     9,168        105,524  

JBG SMITH Properties

     8,460        135,783  

Kilroy Realty Corp.

     7,751        282,369  

Peakstone Realty Trust

     2,647        42,696  

Postal Realty Trust, Inc., Class A

     2,578        36,917  

SL Green Realty Corp.

     4,128        227,577  
     

 

 

 
Total Office REITs               2,985,802  
Oil, Gas & Consumable Fuels – 17.9%      

Antero Midstream Corp.

     279,079        3,923,851  

Berry Corp.

     58,512        471,022  

Chevron Corp.

     348,474        54,968,289  

Chord Energy Corp.

     25,727        4,585,580  

Civitas Resources, Inc.

     57,943        4,398,453  

Crescent Energy Co., Class A

     59,696        710,382  

CVR Energy, Inc.

     67,987        2,424,416  

DT Midstream, Inc.

     34,886        2,131,535  

EOG Resources, Inc.

     132,271        16,909,525  

Equitrans Midstream Corp.

     191,102        2,386,864  

Exxon Mobil Corp.

     495,760        57,627,142  

FutureFuel Corp.

     30,446      245,090  

Granite Ridge Resources, Inc.

     100,088        650,572  

Kinetik Holdings, Inc.

     35,993        1,435,041  

Northern Oil & Gas, Inc.

     41,356        1,641,006  

ONEOK, Inc.

     151,959        12,182,553  

Pioneer Natural Resources Co.

     62,134        16,310,175  

Riley Exploration Permian, Inc.

     12,236        403,788  

Sitio Royalties Corp., Class A

     56,580        1,398,658  

VAALCO Energy, Inc.

     73,240        510,483  

Vitesse Energy, Inc.

     19,256        456,945  

Williams Cos., Inc.

     287,825        11,216,540  
     

 

 

 
Total Oil, Gas & Consumable Fuels               196,987,910  
Passenger Airlines – 0.0%      

Spirit Airlines, Inc.(a)

     72,837        352,531  
Personal Care Products – 0.7%      

Kenvue, Inc.

     372,917        8,002,799  

Nu Skin Enterprises, Inc., Class A

     21,385        295,754  
     

 

 

 
Total Personal Care Products               8,298,553  
Pharmaceuticals – 2.8%      

Bristol-Myers Squibb Co.

     434,073        23,539,778  

Organon & Co.

     179,691        3,378,191  

Viatris, Inc.

     348,503        4,161,126  
     

 

 

 
Total Pharmaceuticals               31,079,095  
Professional Services – 0.2%      

ManpowerGroup, Inc.

     18,956        1,471,744  

Resources Connection, Inc.

     22,886        301,180  
     

 

 

 
Total Professional Services               1,772,924  
Real Estate Management & Development – 0.0%

 

Kennedy-Wilson Holdings, Inc.

     5,927        50,854  

RMR Group, Inc., Class A

     1,668        40,032  
     

 

 

 
Total Real Estate Management & Development               90,886  
Residential REITs – 0.8%      

Apartment Income REIT Corp.

     11,455        371,944  

AvalonBay Communities, Inc.

     10,629        1,972,317  

BRT Apartments Corp.

     1,588        26,678  

Camden Property Trust

     8,886        874,382  

Centerspace

     635        36,284  

Elme Communities

     8,222        114,450  

Equity Residential

     29,469        1,859,789  

Essex Property Trust, Inc.

     4,732        1,158,441  

Independence Realty Trust, Inc.

     11,529        185,963  

Mid-America Apartment Communities, Inc.

     9,484        1,247,905  

UDR, Inc.

     24,747        925,785  

UMH Properties, Inc.

     6,753        109,669  
     

 

 

 
Total Residential REITs               8,883,607  
Retail REITs – 1.1%      

Acadia Realty Trust

     9,386        159,656  

Agree Realty Corp.

     7,237        413,377  

Alexander’s, Inc.

     498        108,136  

Brixmor Property Group, Inc.

     20,274        475,425  

CBL & Associates Properties, Inc.(a)

     3,404        77,986  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Federal Realty Investment Trust

     6,078      $ 620,685  

Getty Realty Corp.

     4,293        117,414  

Kimco Realty Corp.

     49,472        970,146  

Macerich Co.

     15,894        273,854  

NETSTREIT Corp.(a)

     2,632        48,350  

NNN REIT, Inc.

     13,787        589,256  

Realty Income Corp.

     61,146        3,307,999  

Regency Centers Corp.

     13,667        827,673  

Retail Opportunity Investments Corp.

     6,215        79,676  

Saul Centers, Inc.

     1,367        52,616  

Simon Property Group, Inc.

     24,922        3,900,044  

SITE Centers Corp.

     15,327        224,540  

Tanger, Inc.

     7,741        228,592  

Urban Edge Properties

     10,302        177,915  

Whitestone REIT

     4,954        62,173  
     

 

 

 
Total Retail REITs               12,715,513  
Semiconductors & Semiconductor Equipment – 0.0%

 

NVE Corp.

     2,982        268,917  
Software – 0.0%      

American Software, Inc., Class A

     22,152        253,640  
Specialized REITs – 1.9%      

Crown Castle, Inc.

     32,358        3,424,447  

CubeSmart

     16,483        745,361  

Digital Realty Trust, Inc.

     23,122        3,330,493  

EPR Properties

     5,373        228,084  

Extra Space Storage, Inc.

     15,428        2,267,916  

Four Corners Property Trust, Inc.

     6,504        159,153  

Gaming & Leisure Properties, Inc.

     19,662        905,828  

Gladstone Land Corp.

     4,304        57,415  

Iron Mountain, Inc.

     19,003        1,524,231  

Lamar Advertising Co., Class A

     6,474        773,060  

National Storage Affiliates Trust

     6,854        268,403  

PotlatchDeltic Corp.

     6,224        292,653  

Public Storage

     12,959        3,758,888  

Rayonier, Inc.

     11,606        385,783  

Safehold, Inc.

     2,774        57,144  

VICI Properties, Inc.

     76,555        2,280,574  
     

 

 

 
Total Specialized REITs               20,459,433  
Specialty Retail – 0.9%      

Aaron’s Co., Inc.

     18,046        135,345  

Best Buy Co., Inc.

     58,996        4,839,442  

Buckle, Inc.

     31,027        1,249,457  

Guess?, Inc.

     37,415        1,177,450  

Haverty Furniture Cos., Inc.

     9,752        332,738  

Monro, Inc.

     21,707        684,639  

Upbound Group, Inc.

     35,275        1,242,033  
     

 

 

 
Total Specialty Retail               9,661,104  
Technology Hardware, Storage & Peripherals – 0.7%

 

HP, Inc.

     190,701        5,762,984  

Xerox Holdings Corp.

     104,823        1,876,332  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     7,639,316  
Textiles, Apparel & Luxury Goods – 0.7%      

Carter’s, Inc.

     21,557      1,825,447  

Kontoor Brands, Inc.

     23,827        1,435,577  

Movado Group, Inc.

     10,656        297,622  

Tapestry, Inc.

     68,863        3,269,615  

Wolverine World Wide, Inc.

     53,874        603,927  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               7,432,188  
Tobacco – 7.9%      

Altria Group, Inc.

     1,102,404        48,086,863  

Philip Morris International, Inc.

     398,284        36,490,780  

Universal Corp.

     15,631        808,435  

Vector Group Ltd.

     105,682        1,158,275  
     

 

 

 
Total Tobacco               86,544,353  
Wireless Telecommunication Services – 0.1%      

Spok Holdings, Inc.

     15,707        250,527  

Telephone & Data Systems, Inc.

     59,393        951,476  
     

 

 

 
Total Wireless Telecommunication Services               1,202,003  
Total United States               1,094,405,448  
Puerto Rico – 0.1%      
Banks – 0.1%      

First BanCorp

     91,094        1,597,789  

TOTAL COMMON STOCKS

(Cost: $1,037,256,821)

 

 

     1,096,003,237  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.34%(b)

 

  
(Cost: $1,688,037)      1,688,037        1,688,037  

TOTAL INVESTMENTS IN SECURITIES – 99.8%

(Cost: $1,038,944,858)

 

 

     1,097,691,274  

Other Assets less Liabilities – 0.2%

 

     2,515,721  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,100,206,995  
(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $7,121,895 and the total market value of the collateral held by the Fund was $7,266,791. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,578,754.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2024

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2024
    Dividend
Income
 

WisdomTree U.S. Total Dividend Fund^

  $ 70,042     $ 4,810,835     $ 4,896,348     $ 22,274     $ (6,803   $     $ 14,061  
^ 

As of March 31, 2024, the Fund did not hold a position in this affiliate.

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

        

Investments in Securities

  

Common Stocks

   $ 1,096,003,237      $      $      $ 1,096,003,237  

Investment of Cash Collateral for Securities Loaned

            1,688,037               1,688,037  

Total Investments in Securities

   $ 1,096,003,237      $ 1,688,037      $      $ 1,097,691,274  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
United States – 99.8%      
Aerospace & Defense – 1.6%      

General Dynamics Corp.

     31,831      $ 8,991,939  

HEICO Corp.

     2,378        454,198  

HEICO Corp., Class A

     3,299        507,848  

Howmet Aerospace, Inc.

     17,353        1,187,466  

L3Harris Technologies, Inc.

     24,432        5,206,459  

Lockheed Martin Corp.

     40,941        18,622,833  

Northrop Grumman Corp.

     13,351        6,390,590  

RTX Corp.

     238,352        23,246,471  

Textron, Inc.

     8,578        822,887  
     

 

 

 
Total Aerospace & Defense               65,430,691  
Air Freight & Logistics – 0.9%      

Expeditors International of Washington, Inc.

     13,824        1,680,584  

FedEx Corp.

     26,977        7,816,316  

United Parcel Service, Inc., Class B

     171,289        25,458,684  
     

 

 

 
Total Air Freight & Logistics               34,955,584  
Automobiles – 0.1%      

General Motors Co.

     84,617        3,837,381  
Banks – 7.8%      

Bank of America Corp.

     1,396,891        52,970,107  

Citigroup, Inc.

     483,686        30,588,303  

Fifth Third Bancorp

     166,992        6,213,772  

First Citizens BancShares, Inc., Class A

     559        913,965  

Huntington Bancshares, Inc.

     417,572        5,825,129  

JPMorgan Chase & Co.

     660,898        132,377,869  

M&T Bank Corp.

     36,677        5,334,303  

PNC Financial Services Group, Inc.

     101,174        16,349,718  

Regions Financial Corp.

     295,040        6,207,642  

U.S. Bancorp

     421,477        18,840,022  

Wells Fargo & Co.

     640,030        37,096,139  
     

 

 

 
Total Banks               312,716,969  
Beverages – 3.8%      

Brown-Forman Corp., Class A

     12,692        672,041  

Brown-Forman Corp., Class B

     23,130        1,193,971  

Coca-Cola Co.

     1,191,916        72,921,421  

Constellation Brands, Inc., Class A

     23,364        6,349,401  

Keurig Dr. Pepper, Inc.

     214,436        6,576,752  

PepsiCo, Inc.

     363,212        63,565,732  
     

 

 

 
Total Beverages               151,279,318  
Biotechnology – 4.0%      

AbbVie, Inc.

     626,463        114,078,912  

Amgen, Inc.

     96,205        27,353,006  

Gilead Sciences, Inc.

     263,557        19,305,550  
     

 

 

 
Total Biotechnology               160,737,468  
Broadline Retail – 0.1%      

eBay, Inc.

     70,123        3,701,092  
Building Products – 0.1%      

Carrier Global Corp.

     62,208        3,616,151  
Capital Markets – 4.7%      

Ameriprise Financial, Inc.

     13,226      5,798,807  

Ares Management Corp., Class A

     27,915        3,712,137  

Bank of New York Mellon Corp.

     153,792        8,861,495  

BlackRock, Inc.

     22,247        18,547,324  

Blackstone, Inc.(a)

     112,377        14,762,967  

Cboe Global Markets, Inc.

     10,089        1,853,652  

Charles Schwab Corp.

     158,722        11,481,949  

CME Group, Inc.

     42,335        9,114,302  

FactSet Research Systems, Inc.

     1,738        789,730  

Goldman Sachs Group, Inc.

     61,092        25,517,517  

Intercontinental Exchange, Inc.

     71,457        9,820,336  

KKR & Co., Inc.

     41,685        4,192,677  

LPL Financial Holdings, Inc.

     3,337        881,635  

Moody’s Corp.

     12,596        4,950,606  

Morgan Stanley

     402,681        37,916,443  

MSCI, Inc.

     4,665        2,614,499  

Nasdaq, Inc.

     42,136        2,658,782  

Northern Trust Corp.

     42,710        3,797,773  

Raymond James Financial, Inc.

     16,977        2,180,186  

S&P Global, Inc.

     15,857        6,746,361  

State Street Corp.

     67,439        5,214,383  

T Rowe Price Group, Inc.

     61,615        7,512,101  

Tradeweb Markets, Inc., Class A

     4,968        517,517  
     

 

 

 
Total Capital Markets               189,443,179  
Chemicals – 1.1%      

Air Products & Chemicals, Inc.

     32,061        7,767,418  

Dow, Inc.

     218,769        12,673,288  

DuPont de Nemours, Inc.

     52,774        4,046,183  

Ecolab, Inc.

     26,477        6,113,539  

PPG Industries, Inc.

     35,763        5,182,059  

Sherwin-Williams Co.

     18,278        6,348,498  

Westlake Corp.

     10,334        1,579,035  
     

 

 

 
Total Chemicals               43,710,020  
Commercial Services & Supplies – 0.6%      

Cintas Corp.

     8,660        5,949,680  

Republic Services, Inc.

     23,092        4,420,733  

Rollins, Inc.

     36,737        1,699,821  

Waste Management, Inc.

     55,876        11,909,969  
     

 

 

 
Total Commercial Services & Supplies               23,980,203  
Communications Equipment – 1.6%      

Cisco Systems, Inc.

     1,137,027        56,749,017  

Motorola Solutions, Inc.

     16,909        6,002,357  
     

 

 

 
Total Communications Equipment               62,751,374  
Construction & Engineering – 0.0%      

Quanta Services, Inc.

     6,386        1,659,083  
Construction Materials – 0.1%      

Martin Marietta Materials, Inc.

     2,779        1,706,139  

Vulcan Materials Co.

     8,910        2,431,717  
     

 

 

 
Total Construction Materials               4,137,856  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2024

 

 

 

Investments    Shares      Value  
Consumer Finance – 0.6%      

American Express Co.

     56,820      $ 12,937,346  

Capital One Financial Corp.

     44,175        6,577,216  

Discover Financial Services

     37,963        4,976,569  
     

 

 

 
Total Consumer Finance               24,491,131  
Consumer Staples Distribution & Retail – 2.7%

 

Costco Wholesale Corp.

     24,320        17,817,562  

Kroger Co.

     141,663        8,093,207  

Sysco Corp.

     117,515        9,539,868  

Target Corp.

     77,108        13,664,309  

Walmart, Inc.

     1,004,620        60,447,985  
     

 

 

 
Total Consumer Staples Distribution & Retail               109,562,931  
Containers & Packaging – 0.1%      

Avery Dennison Corp.

     7,266        1,622,134  

Ball Corp.

     24,057        1,620,480  
     

 

 

 
Total Containers & Packaging               3,242,614  
Distributors – 0.1%      

Genuine Parts Co.

     22,620        3,504,517  
Electric Utilities – 2.5%      

American Electric Power Co., Inc.

     130,527        11,238,375  

Constellation Energy Corp.

     16,540        3,057,419  

Duke Energy Corp.

     189,039        18,281,962  

Edison International

     93,611        6,621,106  

Entergy Corp.

     80,036        8,458,205  

Eversource Energy

     86,855        5,191,323  

Exelon Corp.

     211,618        7,950,488  

FirstEnergy Corp.

     140,012        5,407,263  

PG&E Corp.

     91,615        1,535,467  

PPL Corp.

     151,550        4,172,172  

Southern Co.

     245,560        17,616,474  

Xcel Energy, Inc.

     159,222        8,558,183  
     

 

 

 
Total Electric Utilities               98,088,437  
Electrical Equipment – 0.4%      

AMETEK, Inc.

     12,157        2,223,516  

Emerson Electric Co.

     74,967        8,502,757  

Hubbell, Inc.

     4,461        1,851,538  

Rockwell Automation, Inc.

     11,237        3,273,675  

Vertiv Holdings Co.

     14,506        1,184,705  
     

 

 

 
Total Electrical Equipment               17,036,191  
Electronic Equipment, Instruments & Components – 0.4%

 

Amphenol Corp., Class A

     47,989        5,535,531  

CDW Corp.

     8,791        2,248,562  

Corning, Inc.

     190,359        6,274,233  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     14,058,326  
Energy Equipment & Services – 0.2%      

Baker Hughes Co.

     138,892        4,652,882  

Halliburton Co.

     90,386        3,563,016  
     

 

 

 
Total Energy Equipment & Services               8,215,898  
Entertainment – 0.1%      

Electronic Arts, Inc.

     13,763        1,825,937  

Warner Music Group Corp., Class A

     13,084      432,034  
     

 

 

 
Total Entertainment               2,257,971  
Financial Services – 1.8%      

Apollo Global Management, Inc.

     61,738        6,942,438  

Fidelity National Information Services, Inc.

     117,263        8,698,569  

Global Payments, Inc.

     12,808        1,711,917  

Mastercard, Inc., Class A

     44,699        21,525,698  

Visa, Inc., Class A(a)

     114,274        31,891,588  
     

 

 

 
Total Financial Services               70,770,210  
Food Products – 1.6%      

Archer-Daniels-Midland Co.

     74,015        4,648,882  

General Mills, Inc.

     120,025        8,398,149  

Hershey Co.

     21,339        4,150,436  

Hormel Foods Corp.

     109,021        3,803,743  

Kellanova

     79,235        4,539,373  

Kraft Heinz Co.

     314,436        11,602,688  

McCormick & Co., Inc., Non-Voting Shares

     35,056        2,692,651  

Mondelez International, Inc., Class A

     287,314        20,111,980  

Tyson Foods, Inc., Class A

     62,350        3,661,816  
     

 

 

 
Total Food Products               63,609,718  
Gas Utilities – 0.1%      

Atmos Energy Corp.

     35,313        4,197,656  
Ground Transportation – 0.9%      

CSX Corp.

     146,728        5,439,207  

JB Hunt Transport Services, Inc.

     4,914        979,115  

Norfolk Southern Corp.

     30,714        7,828,077  

Old Dominion Freight Line, Inc.

     9,194        2,016,336  

Union Pacific Corp.

     77,401        19,035,228  
     

 

 

 
Total Ground Transportation               35,297,963  
Health Care Equipment & Supplies – 1.1%      

Abbott Laboratories

     194,676        22,126,874  

Becton Dickinson & Co.

     26,722        6,612,359  

GE HealthCare Technologies, Inc.

     18,740        1,703,653  

ResMed, Inc.

     9,285        1,838,709  

Stryker Corp.

     33,490        11,985,066  

Zimmer Biomet Holdings, Inc.

     9,700        1,280,206  
     

 

 

 
Total Health Care Equipment & Supplies               45,546,867  
Health Care Providers & Services – 2.8%      

Cardinal Health, Inc.

     25,658        2,871,130  

Cencora, Inc.

     16,452        3,997,672  

Cigna Group

     32,338        11,744,838  

CVS Health Corp.

     248,186        19,795,315  

Elevance Health, Inc.

     16,014        8,303,900  

HCA Healthcare, Inc.

     14,429        4,812,504  

Humana, Inc.

     5,208        1,805,718  

Laboratory Corp. of America Holdings

     6,228        1,360,569  

McKesson Corp.

     5,749        3,086,351  

Quest Diagnostics, Inc.

     12,748        1,696,886  

UnitedHealth Group, Inc.

     110,241        54,536,223  
     

 

 

 
Total Health Care Providers & Services               114,011,106  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2024

 

 

 

Investments    Shares      Value  
Health Care REITs – 0.3%      

Ventas, Inc.

     86,775      $ 3,778,183  

Welltower, Inc.

     85,584        7,996,969  
     

 

 

 
Total Health Care REITs               11,775,152  
Hotels, Restaurants & Leisure – 2.0%      

Darden Restaurants, Inc.

     33,862        5,660,033  

Hilton Worldwide Holdings, Inc.

     11,547        2,463,091  

Las Vegas Sands Corp.

     76,054        3,931,992  

Marriott International, Inc., Class A

     25,714        6,487,899  

McDonald’s Corp.

     148,033        41,737,904  

Starbucks Corp.

     163,695        14,960,086  

Yum! Brands, Inc.

     46,406        6,434,192  
     

 

 

 
Total Hotels, Restaurants & Leisure               81,675,197  
Household Durables – 0.2%      

DR Horton, Inc.

     17,979        2,958,444  

Lennar Corp., Class A

     16,099        2,768,706  

Lennar Corp., Class B(a)

     2,343        361,244  

PulteGroup, Inc.

     15,343        1,850,673  
     

 

 

 
Total Household Durables               7,939,067  
Household Products – 2.9%      

Church & Dwight Co., Inc.

     15,511        1,617,952  

Clorox Co.

     23,347        3,574,659  

Colgate-Palmolive Co.

     170,918        15,391,166  

Kimberly-Clark Corp.

     107,873        13,953,373  

Procter & Gamble Co.

     514,478        83,474,056  
     

 

 

 
Total Household Products               118,011,206  
Industrial Conglomerates – 0.8%      

General Electric Co.

     43,048        7,556,215  

Honeywell International, Inc.

     125,564        25,772,011  
     

 

 

 
Total Industrial Conglomerates               33,328,226  
Industrial REITs – 0.5%      

Prologis, Inc.

     153,686        20,012,991  
Insurance – 2.4%      

Aflac, Inc.

     125,015        10,733,788  

Allstate Corp.

     38,992        6,746,006  

American International Group, Inc.

     86,718        6,778,746  

Arthur J Gallagher & Co.

     10,560        2,640,422  

Brown & Brown, Inc.

     15,687        1,373,240  

Cincinnati Financial Corp.

     24,724        3,069,979  

Erie Indemnity Co., Class A

     3,562        1,430,392  

Hartford Financial Services Group, Inc.

     59,520        6,133,536  

Loews Corp.

     10,095        790,338  

Marsh & McLennan Cos., Inc.

     60,620        12,486,508  

MetLife, Inc.

     138,812        10,287,357  

Principal Financial Group, Inc.

     48,615        4,195,961  

Progressive Corp.

     24,653        5,098,733  

Prudential Financial, Inc.

     104,835        12,307,629  

Travelers Cos., Inc.

     28,012        6,446,682  

WR Berkley Corp.

     40,219        3,556,968  
     

 

 

 
Total Insurance               94,076,285  
Interactive Media & Services – 1.0%      

Meta Platforms, Inc., Class A

     84,945      41,247,593  
IT Services – 1.5%      

Cognizant Technology Solutions Corp., Class A

     46,145        3,381,967  

International Business Machines Corp.

     303,682        57,991,115  
     

 

 

 
Total IT Services               61,373,082  
Life Sciences Tools & Services – 0.5%      

Agilent Technologies, Inc.

     13,016        1,893,958  

Danaher Corp.

     31,808        7,943,094  

Thermo Fisher Scientific, Inc.

     15,679        9,112,792  

West Pharmaceutical Services, Inc.

     3,288        1,301,094  
     

 

 

 
Total Life Sciences Tools & Services               20,250,938  
Machinery – 2.3%      

Caterpillar, Inc.

     58,725        21,518,602  

Cummins, Inc.

     23,799        7,012,375  

Deere & Co.

     24,476        10,053,272  

Dover Corp.

     11,056        1,959,013  

Fortive Corp.

     15,546        1,337,267  

Illinois Tool Works, Inc.

     59,559        15,981,466  

Ingersoll Rand, Inc.

     17,055        1,619,372  

Otis Worldwide Corp.

     54,410        5,401,281  

PACCAR, Inc.

     138,944        17,213,772  

Parker-Hannifin Corp.

     14,701        8,170,669  

Westinghouse Air Brake Technologies Corp.

     8,489        1,236,678  

Xylem, Inc.

     15,693        2,028,163  
     

 

 

 
Total Machinery               93,531,930  
Media – 1.2%      

Comcast Corp., Class A

     1,015,949        44,041,389  

Omnicom Group, Inc.

     37,334        3,612,438  

Sirius XM Holdings, Inc.(a)

     507,092        1,967,517  
     

 

 

 
Total Media               49,621,344  
Metals & Mining – 0.2%      

Nucor Corp.

     16,689        3,302,753  

Reliance, Inc.

     6,999        2,338,926  

Steel Dynamics, Inc.

     12,411        1,839,682  
     

 

 

 
Total Metals & Mining               7,481,361  
Multi-Utilities – 1.6%      

Ameren Corp.

     70,416        5,207,967  

CenterPoint Energy, Inc.

     95,871        2,731,365  

CMS Energy Corp.

     53,136        3,206,226  

Consolidated Edison, Inc.

     102,398        9,298,762  

Dominion Energy, Inc.

     287,538        14,143,994  

DTE Energy Co.

     41,346        4,636,541  

Public Service Enterprise Group, Inc.

     152,173        10,162,113  

Sempra

     121,807        8,749,397  

WEC Energy Group, Inc.

     64,005        5,256,091  
     

 

 

 
Total Multi-Utilities               63,392,456  
Office REITs – 0.1%      

Alexandria Real Estate Equities, Inc.

     40,252        5,188,885  
Oil, Gas & Consumable Fuels – 7.9%      

Cheniere Energy, Inc.

     20,677        3,334,787  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2024

 

 

 

Investments    Shares      Value  

Chevron Corp.

     477,374      $ 75,300,975  

ConocoPhillips

     140,166        17,840,328  

Diamondback Energy, Inc.

     22,571        4,472,895  

EOG Resources, Inc.

     158,347        20,243,080  

Exxon Mobil Corp.

     864,217        100,456,584  

Hess Corp.

     21,517        3,284,355  

Marathon Oil Corp.

     59,664        1,690,878  

Marathon Petroleum Corp.

     71,591        14,425,586  

Occidental Petroleum Corp.

     61,024        3,965,950  

ONEOK, Inc.

     176,018        14,111,363  

Phillips 66

     76,399        12,479,013  

Pioneer Natural Resources Co.

     73,973        19,417,912  

Targa Resources Corp.

     25,014        2,801,318  

Valero Energy Corp.

     61,855        10,558,030  

Williams Cos., Inc.

     343,468        13,384,948  
     

 

 

 
Total Oil, Gas & Consumable Fuels               317,768,002  
Passenger Airlines – 0.0%      

Delta Air Lines, Inc.

     36,661        1,754,962  
Personal Care Products – 0.2%      

Kenvue, Inc.

     430,221        9,232,543  
Pharmaceuticals – 5.5%      

Bristol-Myers Squibb Co.

     517,235        28,049,654  

Eli Lilly & Co.

     40,936        31,846,571  

Johnson & Johnson

     629,562        99,590,413  

Merck & Co., Inc.

     431,209        56,898,027  

Zoetis, Inc.

     32,497        5,498,817  
     

 

 

 
Total Pharmaceuticals               221,883,482  
Professional Services – 0.9%      

Automatic Data Processing, Inc.

     57,122        14,265,648  

Booz Allen Hamilton Holding Corp.

     9,865        1,464,361  

Broadridge Financial Solutions, Inc.

     15,875        3,252,153  

Equifax, Inc.

     6,048        1,617,961  

Jacobs Solutions, Inc.

     5,592        859,658  

Paychex, Inc.

     89,199        10,953,637  

Verisk Analytics, Inc.

     7,132        1,681,226  
     

 

 

 
Total Professional Services               34,094,644  
Residential REITs – 0.5%      

AvalonBay Communities, Inc.

     43,400        8,053,304  

Equity Residential

     93,680        5,912,145  

Invitation Homes, Inc.

     105,943        3,772,630  

Sun Communities, Inc.

     17,459        2,244,878  
     

 

 

 
Total Residential REITs               19,982,957  
Retail REITs – 0.8%      

Realty Income Corp.

     226,720        12,265,552  

Simon Property Group, Inc.

     116,909        18,295,089  
     

 

 

 
Total Retail REITs               30,560,641  
Semiconductors & Semiconductor Equipment – 7.4%

 

  

Analog Devices, Inc.

     54,508        10,781,137  

Applied Materials, Inc.

     39,725        8,192,487  

Broadcom, Inc.

     77,183        102,299,120  

Intel Corp.

     270,333        11,940,609  

KLA Corp.

     7,898      5,517,306  

Lam Research Corp.

     8,211        7,977,561  

Microchip Technology, Inc.

     58,417        5,240,589  

Micron Technology, Inc.

     44,457        5,241,036  

Monolithic Power Systems, Inc.

     2,223        1,505,905  

NVIDIA Corp.

     92,557        83,630,803  

QUALCOMM, Inc.

     140,881        23,851,153  

Skyworks Solutions, Inc.

     23,637        2,560,360  

Texas Instruments, Inc.

     166,912        29,077,739  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     297,815,805  
Software – 4.6%      

Intuit, Inc.

     11,926        7,751,900  

Microsoft Corp.

     351,774        147,998,358  

Oracle Corp.

     214,490        26,942,089  

Roper Technologies, Inc.

     4,517        2,533,314  
     

 

 

 
Total Software               185,225,661  
Specialized REITs – 2.3%      

American Tower Corp.

     79,721        15,752,072  

Crown Castle, Inc.

     131,769        13,945,113  

Digital Realty Trust, Inc.

     61,085        8,798,684  

Equinix, Inc.

     11,100        9,161,163  

Extra Space Storage, Inc.

     55,247        8,121,309  

Iron Mountain, Inc.

     64,658        5,186,218  

Public Storage

     45,227        13,118,544  

SBA Communications Corp.

     8,186        1,773,906  

VICI Properties, Inc.

     377,441        11,243,967  

Weyerhaeuser Co.

     94,551        3,395,327  
     

 

 

 
Total Specialized REITs               90,496,303  
Specialty Retail – 3.5%      

Best Buy Co., Inc.

     61,169        5,017,693  

Home Depot, Inc.

     227,578        87,298,921  

Lowe’s Cos., Inc.

     109,024        27,771,683  

Ross Stores, Inc.

     19,476        2,858,298  

TJX Cos., Inc.

     155,828        15,804,076  

Tractor Supply Co.(a)

     11,635        3,045,112  
     

 

 

 
Total Specialty Retail               141,795,783  
Technology Hardware, Storage & Peripherals – 3.5%

 

  

Apple, Inc.

     723,241        124,021,367  

Dell Technologies, Inc., Class C

     23,112        2,637,310  

Hewlett Packard Enterprise Co.

     192,702        3,416,607  

HP, Inc.

     203,939        6,163,037  

NetApp, Inc.

     32,885        3,451,938  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     139,690,259  
Textiles, Apparel & Luxury Goods – 0.2%      

NIKE, Inc., Class B

     95,918        9,014,374  
Tobacco – 1.9%      

Altria Group, Inc.

     661,506        28,854,892  

Philip Morris International, Inc.

     506,968        46,448,408  
     

 

 

 
Total Tobacco               75,303,300  
Trading Companies & Distributors – 0.4%      

Fastenal Co.

     108,107        8,339,374  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments (concluded)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2024

 

 

 

Investments    Shares      Value  

United Rentals, Inc.

     4,610      $ 3,324,317  

WW Grainger, Inc.

     3,909        3,976,626  
     

 

 

 
Total Trading Companies & Distributors               15,640,317  
Water Utilities – 0.1%      

American Water Works Co., Inc.

     23,597        2,883,789  
Wireless Telecommunication Services – 0.7%

 

  

T-Mobile U.S., Inc.

     171,069        27,921,882  

TOTAL COMMON STOCKS

(Cost: $2,949,166,172)

 

 

     4,005,818,322  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      
WisdomTree U.S. Total Dividend Fund(b)
(Cost: $266,014)
     4,100        289,952  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%

 

United States – 0.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $1,603,144)      1,603,144      1,603,144  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $2,951,035,330)

 

 

     4,007,711,418  

Other Assets less Liabilities – 0.1%

 

     5,950,331  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 4,013,661,749  
(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $43,566,319 and the total market value of the collateral held by the Fund was $44,914,273. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $43,311,129.

 

(b) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate    Value at
3/31/2023
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
3/31/2024
     Dividend
Income
 

WisdomTree U.S. Total Dividend Fund

   $ 3,180,975      $ 21,223,386      $ 24,268,418      $ 163,356      $ (9,347    $ 289,952      $ 72,489  

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 4,005,818,322      $      $      $ 4,005,818,322  

Exchange-Traded Fund

     289,952                      289,952  

Investment of Cash Collateral for Securities Loaned

            1,603,144               1,603,144  

Total Investments in Securities

   $ 4,006,108,274      $ 1,603,144      $      $ 4,007,711,418  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.8%

 

Aerospace & Defense – 1.2%

 

Axon Enterprise, Inc.*

     579      $ 181,158  

General Dynamics Corp.

     4,510        1,274,030  

HEICO Corp.

     967        184,697  

Howmet Aerospace, Inc.

     4,166        285,079  

L3Harris Technologies, Inc.

     3,863        823,205  

Lockheed Martin Corp.

     5,521        2,511,337  

Northrop Grumman Corp.

     2,660        1,273,236  

RTX Corp.

     31,725        3,094,139  

Textron, Inc.

     3,903        374,415  

TransDigm Group, Inc.

     519        639,200  
     

 

 

 
Total Aerospace & Defense               10,640,496  
Air Freight & Logistics – 0.6%      

CH Robinson Worldwide, Inc.

     1,355        103,170  

Expeditors International of Washington, Inc.

     2,405        292,376  

FedEx Corp.

     5,387        1,560,829  

United Parcel Service, Inc., Class B

     19,487        2,896,353  
     

 

 

 
Total Air Freight & Logistics               4,852,728  
Automobiles – 1.2%      

Ford Motor Co.

     225,444        2,993,896  

General Motors Co.

     73,949        3,353,587  

Tesla, Inc.*

     20,572        3,616,352  
     

 

 

 
Total Automobiles               9,963,835  
Banks – 7.1%      

Bank of America Corp.

     346,135        13,125,439  

Citigroup, Inc.

     95,576        6,044,226  

Citizens Financial Group, Inc.

     22,279        808,505  

Fifth Third Bancorp

     26,695        993,321  

First Citizens BancShares, Inc., Class A

     491        802,785  

Huntington Bancshares, Inc.

     63,154        880,998  

JPMorgan Chase & Co.

     114,927        23,019,878  

KeyCorp

     23,204        366,855  

M&T Bank Corp.

     7,426        1,080,038  

PNC Financial Services Group, Inc.

     14,714        2,377,782  

Regions Financial Corp.

     43,938        924,456  

U.S. Bancorp

     45,878        2,050,747  

Wells Fargo & Co.

     141,055        8,175,548  
     

 

 

 
Total Banks               60,650,578  
Beverages – 1.3%      

Brown-Forman Corp., Class B

     3,894        201,008  

Celsius Holdings, Inc.*

     1,424        118,078  

Coca-Cola Co.

     70,081        4,287,556  

Constellation Brands, Inc., Class A

     2,897        787,289  

Keurig Dr. Pepper, Inc.

     25,598        785,091  

Molson Coors Beverage Co., Class B

     5,338        358,980  

Monster Beverage Corp.*

     8,821        522,909  

PepsiCo, Inc.

     22,097        3,867,196  
     

 

 

 
Total Beverages               10,928,107  
Biotechnology – 2.5%      

AbbVie, Inc.

     53,318        9,709,208  

Alnylam Pharmaceuticals, Inc.*

     758      113,283  

Amgen, Inc.

     12,714        3,614,844  

Biogen, Inc.*

     3,277        706,620  

BioMarin Pharmaceutical, Inc.*

     1,134        99,044  

Exact Sciences Corp.*

     1,275        88,051  

Gilead Sciences, Inc.

     37,347        2,735,668  

Incyte Corp.*

     1,830        104,255  

Neurocrine Biosciences, Inc.*

     667        91,993  

Regeneron Pharmaceuticals, Inc.*

     2,211        2,128,065  

United Therapeutics Corp.*

     863        198,248  

Vertex Pharmaceuticals, Inc.*

     3,792        1,585,094  
     

 

 

 
Total Biotechnology               21,174,373  
Broadline Retail – 3.3%      

Amazon.com, Inc.*

     151,527        27,332,440  

eBay, Inc.

     18,095        955,054  
     

 

 

 
Total Broadline Retail               28,287,494  
Building Products – 0.4%      

Advanced Drainage Systems, Inc.

     702        120,912  

Builders FirstSource, Inc.*

     4,289        894,471  

Carlisle Cos., Inc.

     839        328,762  

Carrier Global Corp.

     14,098        819,517  

Lennox International, Inc.

     194        94,819  

Masco Corp.

     4,068        320,884  

Owens Corning

     2,682        447,358  
     

 

 

 
Total Building Products               3,026,723  
Capital Markets – 2.8%      

Ameriprise Financial, Inc.

     2,867        1,257,007  

Bank of New York Mellon Corp.

     22,918        1,320,535  

BlackRock, Inc.

     2,620        2,184,294  

Cboe Global Markets, Inc.

     1,518        278,902  

Charles Schwab Corp.

     36,932        2,671,661  

CME Group, Inc.

     4,947        1,065,040  

FactSet Research Systems, Inc.

     369        167,670  

Franklin Resources, Inc.

     14,906        419,008  

Goldman Sachs Group, Inc.

     7,884        3,293,068  

Intercontinental Exchange, Inc.

     9,029        1,240,855  

LPL Financial Holdings, Inc.

     1,668        440,686  

Moody’s Corp.

     1,764        693,305  

Morgan Stanley

     42,356        3,988,241  

Morningstar, Inc.

     287        88,502  

MSCI, Inc.

     647        362,611  

Nasdaq, Inc.

     7,139        450,471  

Northern Trust Corp.

     4,633        411,966  

Raymond James Financial, Inc.

     5,164        663,161  

S&P Global, Inc.

     3,125        1,329,531  

State Street Corp.

     11,460        886,087  

T Rowe Price Group, Inc.

     5,555        677,266  

Tradeweb Markets, Inc., Class A

     800        83,336  
     

 

 

 
Total Capital Markets               23,973,203  
Chemicals – 0.9%      

Air Products & Chemicals, Inc.

     3,152        763,635  

Albemarle Corp.

     7,352        968,553  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Celanese Corp.

     2,126      $ 365,374  

CF Industries Holdings, Inc.

     9,343        777,431  

Dow, Inc.

     10,809        626,165  

DuPont de Nemours, Inc.

     7,063        541,520  

Eastman Chemical Co.

     2,645        265,082  

Ecolab, Inc.

     2,456        567,090  

Mosaic Co.

     13,527        439,086  

PPG Industries, Inc.

     3,685        533,957  

RPM International, Inc.

     1,594        189,606  

Sherwin-Williams Co.

     2,957        1,027,055  

Westlake Corp.

     3,392        518,298  
     

 

 

 
Total Chemicals               7,582,852  
Commercial Services & Supplies – 0.3%      

Cintas Corp.

     861        591,533  

Copart, Inc.*

     10,024        580,590  

Republic Services, Inc.

     3,570        683,441  

Rollins, Inc.

     3,760        173,975  

Waste Management, Inc.

     4,433        944,894  
     

 

 

 
Total Commercial Services & Supplies               2,974,433  
Communications Equipment – 1.1%      

Arista Networks, Inc.*

     4,514        1,308,970  

Cisco Systems, Inc.

     135,711        6,773,336  

F5, Inc.*

     2,929        555,309  

Motorola Solutions, Inc.

     3,011        1,068,845  
     

 

 

 
Total Communications Equipment               9,706,460  
Construction & Engineering – 0.1%      

AECOM

     1,768        173,405  

EMCOR Group, Inc.

     283        99,107  

Quanta Services, Inc.

     1,651        428,930  
     

 

 

 
Total Construction & Engineering               701,442  
Construction Materials – 0.1%      

Martin Marietta Materials, Inc.

     741        454,929  

Vulcan Materials Co.

     1,376        375,538  
     

 

 

 
Total Construction Materials               830,467  
Consumer Finance – 1.0%      

American Express Co.

     16,519        3,761,211  

Capital One Financial Corp.

     15,103        2,248,686  

Discover Financial Services

     11,975        1,569,803  

Synchrony Financial

     20,118        867,488  
     

 

 

 
Total Consumer Finance               8,447,188  
Consumer Staples Distribution & Retail – 1.8%      

Albertsons Cos., Inc., Class A

     25,107        538,294  

Casey’s General Stores, Inc.

     261        83,116  

Costco Wholesale Corp.

     3,866        2,832,348  

Kroger Co.

     23,952        1,368,378  

Performance Food Group Co.*

     1,971        147,115  

Sysco Corp.

     9,546        774,944  

Target Corp.

     9,417        1,668,787  

U.S. Foods Holding Corp.*

     2,794        150,792  

Walmart, Inc.

     122,755        7,386,168  
     

 

 

 
Total Consumer Staples Distribution & Retail               14,949,942  
Containers & Packaging – 0.2%      

Avery Dennison Corp.

     1,033      230,617  

Ball Corp.

     3,541        238,522  

Crown Holdings, Inc.

     1,520        120,475  

International Paper Co.

     6,445        251,484  

Packaging Corp. of America

     1,521        288,655  

Westrock Co.

     4,150        205,218  
     

 

 

 
Total Containers & Packaging               1,334,971  
Distributors – 0.1%      

Genuine Parts Co.

     2,891        447,903  

LKQ Corp.

     6,323        337,711  

Pool Corp.

     500        201,750  
     

 

 

 
Total Distributors               987,364  
Diversified REITs – 0.0%      

WP Carey, Inc.

     2,864        161,644  
Diversified Telecommunication Services – 1.7%      

AT&T, Inc.

     378,708        6,665,261  

Verizon Communications, Inc.

     192,493        8,077,006  
     

 

 

 
Total Diversified Telecommunication Services               14,742,267  
Electric Utilities – 1.1%      

Alliant Energy Corp.

     4,208        212,083  

American Electric Power Co., Inc.

     10,678        919,376  

Constellation Energy Corp.

     4,205        777,294  

Duke Energy Corp.

     14,126        1,366,125  

Edison International

     8,842        625,395  

Entergy Corp.

     4,028        425,679  

Evergy, Inc.

     3,862        206,154  

Eversource Energy

     8,317        497,107  

Exelon Corp.

     18,798        706,241  

FirstEnergy Corp.

     11,242        434,166  

PG&E Corp.

     44,034        738,010  

PPL Corp.

     11,592        319,128  

Southern Co.

     19,350        1,388,169  

Xcel Energy, Inc.

     8,670        466,012  
     

 

 

 
Total Electric Utilities               9,080,939  
Electrical Equipment – 0.3%      

AMETEK, Inc.

     2,948        539,189  

Emerson Electric Co.

     9,787        1,110,042  

Hubbell, Inc.

     636        263,972  

Rockwell Automation, Inc.

     1,448        421,846  

Vertiv Holdings Co.

     2,826        230,799  
     

 

 

 
Total Electrical Equipment               2,565,848  
Electronic Equipment, Instruments & Components – 0.6%

 

Amphenol Corp., Class A

     10,328        1,191,335  

CDW Corp.

     3,462        885,510  

Corning, Inc.

     29,567        974,528  

Jabil, Inc.

     5,883        788,028  

Keysight Technologies, Inc.*

     5,883        919,984  

Teledyne Technologies, Inc.*

     1,461        627,236  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     5,386,621  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2024

 

 

 

Investments    Shares      Value  
Energy Equipment & Services – 0.2%      

Baker Hughes Co.

     12,929      $ 433,121  

Halliburton Co.

     24,723        974,581  
     

 

 

 
Total Energy Equipment & Services               1,407,702  
Entertainment – 0.9%      

Electronic Arts, Inc.

     4,458        591,443  

Liberty Media Corp.-Liberty Formula One, Class C*

     1,667        109,355  

Live Nation Entertainment, Inc.*

     1,981        209,530  

Netflix, Inc.*

     5,120        3,109,530  

Take-Two Interactive Software, Inc.*

     1,119        166,160  

Walt Disney Co.

     26,941        3,296,501  
     

 

 

 
Total Entertainment               7,482,519  
Financial Services – 4.3%      

Berkshire Hathaway, Inc., Class B*

     36,545        15,367,904  

Corebridge Financial, Inc.

     35,721        1,026,264  

Corpay, Inc.*

     1,580        487,493  

Equitable Holdings, Inc.

     16,727        635,793  

Fidelity National Information Services, Inc.

     18,990        1,408,678  

Fiserv, Inc.*

     12,395        1,980,969  

Global Payments, Inc.

     8,034        1,073,825  

Jack Henry & Associates, Inc.

     744        129,255  

Mastercard, Inc., Class A

     9,718        4,679,897  

PayPal Holdings, Inc.*

     33,533        2,246,376  

Visa, Inc., Class A

     25,802        7,200,822  
     

 

 

 
Total Financial Services               36,237,276  
Food Products – 0.9%      

Archer-Daniels-Midland Co.

     19,354        1,215,625  

Campbell Soup Co.

     6,087        270,567  

Conagra Brands, Inc.

     15,301        453,522  

General Mills, Inc.

     13,283        929,411  

Hershey Co.

     3,445        670,052  

Hormel Foods Corp.

     8,222        286,866  

JM Smucker Co.

     2,481        312,283  

Kellanova

     8,233        471,669  

Kraft Heinz Co.

     35,601        1,313,677  

Lamb Weston Holdings, Inc.

     1,839        195,909  

McCormick & Co., Inc., Non-Voting Shares

     2,800        215,068  

Mondelez International, Inc., Class A

     20,989        1,469,230  

Tyson Foods, Inc., Class A

     2,708        159,041  
     

 

 

 
Total Food Products               7,962,920  
Gas Utilities – 0.0%      

Atmos Energy Corp.

     2,210        262,703  
Ground Transportation – 0.8%      

CSX Corp.

     39,528        1,465,303  

JB Hunt Transport Services, Inc.

     1,287        256,435  

Norfolk Southern Corp.

     4,029        1,026,871  

Old Dominion Freight Line, Inc.

     2,082        456,603  

Saia, Inc.*

     101        59,085  

Uber Technologies, Inc.*

     12,244        942,665  

Union Pacific Corp.

     9,703        2,386,259  

XPO, Inc.*

     754        92,011  
     

 

 

 
Total Ground Transportation               6,685,232  
Health Care Equipment & Supplies – 1.4%      

Abbott Laboratories

     25,127      2,855,935  

Align Technology, Inc.*

     777        254,794  

Becton Dickinson & Co.

     5,100        1,261,995  

Boston Scientific Corp.*

     18,082        1,238,436  

Cooper Cos., Inc.

     2,043        207,283  

Dexcom, Inc.*

     2,458        340,925  

Edwards Lifesciences Corp.*

     6,006        573,933  

GE HealthCare Technologies, Inc.

     8,532        775,644  

Hologic, Inc.*

     4,433        345,597  

IDEXX Laboratories, Inc.*

     593        320,178  

Insulet Corp.*

     489        83,815  

Intuitive Surgical, Inc.*

     2,243        895,159  

ResMed, Inc.

     1,725        341,602  

Stryker Corp.

     4,569        1,635,108  

Teleflex, Inc.

     562        127,107  

Zimmer Biomet Holdings, Inc.

     3,955        521,981  
     

 

 

 
Total Health Care Equipment & Supplies               11,779,492  
Health Care Providers & Services – 3.2%      

Cardinal Health, Inc.

     5,462        611,198  

Cencora, Inc.

     4,337        1,053,848  

Centene Corp.*

     17,988        1,411,698  

Cigna Group

     9,618        3,493,161  

CVS Health Corp.

     56,342        4,493,838  

Elevance Health, Inc.

     5,762        2,987,827  

HCA Healthcare, Inc.

     6,946        2,316,699  

Humana, Inc.

     2,361        818,606  

Laboratory Corp. of America Holdings

     1,811        395,631  

McKesson Corp.

     2,970        1,594,445  

Molina Healthcare, Inc.*

     900        369,747  

Quest Diagnostics, Inc.

     2,279        303,358  

UnitedHealth Group, Inc.

     15,030        7,435,341  
     

 

 

 
Total Health Care Providers & Services               27,285,397  
Health Care REITs – 0.0%      

Ventas, Inc.

     2,234        97,269  

Welltower, Inc.

     3,328        310,968  
     

 

 

 
Total Health Care REITs               408,237  
Health Care Technology – 0.0%      

Veeva Systems, Inc., Class A*

     1,113        257,871  
Hotel & Resort REITs – 0.0%      

Host Hotels & Resorts, Inc.

     12,238        253,082  
Hotels, Restaurants & Leisure – 1.5%      

Airbnb, Inc., Class A*

     14,307        2,360,083  

Booking Holdings, Inc.

     602        2,183,984  

Chipotle Mexican Grill, Inc.*

     212        616,235  

Darden Restaurants, Inc.

     2,168        362,381  

Domino’s Pizza, Inc.

     395        196,268  

Expedia Group, Inc.*

     3,321        457,468  

Hilton Worldwide Holdings, Inc.

     3,071        655,075  

Las Vegas Sands Corp.

     5,916        305,857  

Marriott International, Inc., Class A

     4,107        1,036,237  

McDonald’s Corp.

     10,398        2,931,716  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2024

 

 

 

Investments    Shares      Value  

MGM Resorts International*

     2,193      $ 103,532  

Starbucks Corp.

     14,768        1,349,647  

Yum! Brands, Inc.

     3,474        481,670  
     

 

 

 
Total Hotels, Restaurants & Leisure               13,040,153  
Household Durables – 0.7%      

DR Horton, Inc.

     12,829        2,111,012  

Lennar Corp., Class A

     10,342        1,778,617  

NVR, Inc.*

     78        631,797  

PulteGroup, Inc.

     10,128        1,221,639  

TopBuild Corp.*

     344        151,611  
     

 

 

 
Total Household Durables               5,894,676  
Household Products – 1.0%      

Church & Dwight Co., Inc.

     2,744        286,227  

Clorox Co.

     1,130        173,014  

Colgate-Palmolive Co.

     10,569        951,739  

Kimberly-Clark Corp.

     6,009        777,264  

Procter & Gamble Co.

     37,321        6,055,332  
     

 

 

 
Total Household Products               8,243,576  
Independent Power & Renewable Electricity Producers – 0.1%

 

Vistra Corp.

     10,594        737,872  
Industrial Conglomerates – 0.7%      

3M Co.

     17,359        1,841,269  

General Electric Co.

     9,599        1,684,913  

Honeywell International, Inc.

     10,740        2,204,385  
     

 

 

 
Total Industrial Conglomerates               5,730,567  
Industrial REITs – 0.2%      

Prologis, Inc.

     9,477        1,234,095  

Rexford Industrial Realty, Inc.

     1,641        82,542  
     

 

 

 
Total Industrial REITs               1,316,637  
Insurance – 2.0%      

Aflac, Inc.

     17,479        1,500,747  

American International Group, Inc.

     24,175        1,889,760  

Arthur J Gallagher & Co.

     2,221        555,339  

Brown & Brown, Inc.

     3,313        290,020  

Cincinnati Financial Corp.

     2,291        284,474  

CNA Financial Corp.

     8,141        369,764  

Erie Indemnity Co., Class A

     342        137,337  

Fidelity National Financial, Inc.

     7,564        401,648  

Globe Life, Inc.

     1,836        213,655  

Hartford Financial Services Group, Inc.

     10,838        1,116,856  

Loews Corp.

     5,503        430,830  

Markel Group, Inc.*

     468        712,053  

Marsh & McLennan Cos., Inc.

     6,381        1,314,358  

MetLife, Inc.

     29,731        2,203,364  

Principal Financial Group, Inc.

     6,895        595,108  

Progressive Corp.

     5,559        1,149,712  

Prudential Financial, Inc.

     14,892        1,748,321  

Reinsurance Group of America, Inc.

     1,857        358,178  

Travelers Cos., Inc.

     4,796        1,103,752  

WR Berkley Corp.

     4,578        404,878  
     

 

 

 
Total Insurance               16,780,154  
Interactive Media & Services – 8.4%      

Alphabet, Inc., Class A*

     268,729      40,559,268  

Meta Platforms, Inc., Class A

     63,263        30,719,248  

Pinterest, Inc., Class A*

     4,938        171,200  
     

 

 

 
Total Interactive Media & Services               71,449,716  
IT Services – 1.1%      

Akamai Technologies, Inc.*

     4,997        543,474  

Cloudflare, Inc., Class A*

     4,024        389,644  

Cognizant Technology Solutions Corp., Class A

     15,200        1,114,008  

EPAM Systems, Inc.*

     1,985        548,177  

Gartner, Inc.*

     1,359        647,794  

GoDaddy, Inc., Class A*

     3,620        429,622  

International Business Machines Corp.

     21,031        4,016,080  

MongoDB, Inc.*

     730        261,807  

Okta, Inc.*

     4,685        490,145  

Snowflake, Inc., Class A*

     2,197        355,035  

Twilio, Inc., Class A*

     5,742        351,123  

VeriSign, Inc.*

     2,339        443,264  
     

 

 

 
Total IT Services               9,590,173  
Life Sciences Tools & Services – 1.0%      

Agilent Technologies, Inc.

     3,803        553,375  

Avantor, Inc.*

     8,989        229,849  

Bio-Techne Corp.

     1,246        87,706  

Charles River Laboratories International, Inc.*

     658        178,285  

Danaher Corp.

     10,083        2,517,927  

IQVIA Holdings, Inc.*

     2,766        699,494  

Mettler-Toledo International, Inc.*

     238        316,847  

Thermo Fisher Scientific, Inc.

     5,992        3,482,610  

Waters Corp.*

     627        215,832  

West Pharmaceutical Services, Inc.

     658        260,377  
     

 

 

 
Total Life Sciences Tools & Services               8,542,302  
Machinery – 2.2%      

Caterpillar, Inc.

     14,308        5,242,880  

Cummins, Inc.

     4,254        1,253,441  

Deere & Co.

     10,044        4,125,473  

Dover Corp.

     2,870        508,535  

Fortive Corp.

     5,246        451,261  

Graco, Inc.

     2,021        188,883  

IDEX Corp.

     775        189,116  

Illinois Tool Works, Inc.

     4,377        1,174,480  

Ingersoll Rand, Inc.

     5,741        545,108  

Lincoln Electric Holdings, Inc.

     74        18,903  

Nordson Corp.

     670        183,942  

Otis Worldwide Corp.

     5,593        555,217  

PACCAR, Inc.

     16,902        2,093,989  

Parker-Hannifin Corp.

     2,538        1,410,595  

Snap-on, Inc.

     1,056        312,808  

Stanley Black & Decker, Inc.

     865        84,709  

Westinghouse Air Brake Technologies Corp.

     3,099        451,462  

Xylem, Inc.

     1,728        223,327  
     

 

 

 
Total Machinery               19,014,129  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2024

 

 

 

Investments    Shares      Value  
Media – 1.2%      

Charter Communications, Inc., Class A*

     4,349      $ 1,263,950  

Comcast Corp., Class A

     144,889        6,280,938  

Fox Corp., Class A

     18,024        563,610  

Interpublic Group of Cos., Inc.

     9,905        323,200  

Liberty Broadband Corp., Class C*

     2,259        129,283  

News Corp., Class A

     6,567        171,924  

Omnicom Group, Inc.

     5,754        556,757  

Sirius XM Holdings, Inc.(a)

     82,218        319,006  

Trade Desk, Inc., Class A*

     3,256        284,640  
     

 

 

 
Total Media               9,893,308  
Metals & Mining – 0.6%      

Nucor Corp.

     10,683        2,114,166  

Reliance, Inc.

     1,525        509,624  

Southern Copper Corp.(a)

     13,615        1,450,270  

Steel Dynamics, Inc.

     8,515        1,262,178  
     

 

 

 
Total Metals & Mining               5,336,238  
Multi-Utilities – 0.6%      

Ameren Corp.

     3,658        270,546  

CenterPoint Energy, Inc.

     10,652        303,476  

CMS Energy Corp.

     4,356        262,841  

Consolidated Edison, Inc.

     5,919        537,504  

Dominion Energy, Inc.

     20,575        1,012,084  

DTE Energy Co.

     3,070        344,270  

NiSource, Inc.

     6,797        188,005  

Public Service Enterprise Group, Inc.

     8,423        562,488  

Sempra

     14,015        1,006,697  

WEC Energy Group, Inc.

     4,628        380,051  
     

 

 

 
Total Multi-Utilities               4,867,962  
Office REITs – 0.0%      

Alexandria Real Estate Equities, Inc.

     1,037        133,680  
Oil, Gas & Consumable Fuels – 7.4%      

APA Corp.

     12,566        432,019  

Cheniere Energy, Inc.

     14,434        2,327,916  

Chesapeake Energy Corp.

     3,895        345,993  

Chevron Corp.

     66,492        10,488,448  

ConocoPhillips

     35,490        4,517,167  

Coterra Energy, Inc.

     30,446        848,835  

Devon Energy Corp.

     30,096        1,510,217  

Diamondback Energy, Inc.

     8,093        1,603,790  

EOG Resources, Inc.

     19,643        2,511,161  

EQT Corp.

     6,553        242,920  

Exxon Mobil Corp.

     155,670        18,095,081  

Hess Corp.

     3,677        561,257  

HF Sinclair Corp.

     10,293        621,388  

Kinder Morgan, Inc.

     45,610        836,487  

Marathon Oil Corp.

     22,059        625,152  

Marathon Petroleum Corp.

     21,904        4,413,656  

Occidental Petroleum Corp.

     26,860        1,745,631  

ONEOK, Inc.

     11,422        915,702  

Ovintiv, Inc.

     9,669        501,821  

Phillips 66

     21,905        3,577,963  

Pioneer Natural Resources Co.

     8,262      2,168,775  

Targa Resources Corp.

     1,957        219,165  

Valero Energy Corp.

     19,399        3,311,215  

Williams Cos., Inc.

     21,856        851,728  
     

 

 

 
Total Oil, Gas & Consumable Fuels               63,273,487  
Passenger Airlines – 0.3%      

Delta Air Lines, Inc.

     34,611        1,656,828  

Southwest Airlines Co.

     6,268        182,963  

United Airlines Holdings, Inc.*

     18,828        901,485  
     

 

 

 
Total Passenger Airlines               2,741,276  
Personal Care Products – 0.1%      

Coty, Inc., Class A*

     7,270        86,949  

Kenvue, Inc.

     38,914        835,095  
     

 

 

 
Total Personal Care Products               922,044  
Pharmaceuticals – 3.0%      

Bristol-Myers Squibb Co.

     112,402        6,095,561  

Eli Lilly & Co.

     6,164        4,795,345  

Johnson & Johnson

     62,837        9,940,185  

Merck & Co., Inc.

     27,894        3,680,613  

Zoetis, Inc.

     4,341        734,541  
     

 

 

 
Total Pharmaceuticals               25,246,245  
Professional Services – 0.5%      

Automatic Data Processing, Inc.

     5,165        1,289,907  

Booz Allen Hamilton Holding Corp.

     1,579        234,387  

Broadridge Financial Solutions, Inc.

     1,455        298,071  

Dayforce, Inc.*(a)

     1,317        87,199  

Equifax, Inc.

     1,151        307,916  

Jacobs Solutions, Inc.

     2,056        316,069  

Leidos Holdings, Inc.

     2,771        363,250  

Paychex, Inc.

     3,938        483,586  

Paycom Software, Inc.

     613        121,993  

SS&C Technologies Holdings, Inc.

     5,934        381,972  

Verisk Analytics, Inc.

     1,402        330,493  
     

 

 

 
Total Professional Services               4,214,843  
Real Estate Management & Development – 0.1%      

CBRE Group, Inc., Class A*

     4,773        464,126  

CoStar Group, Inc.*

     2,810        271,446  
     

 

 

 
Total Real Estate Management & Development               735,572  
Residential REITs – 0.2%      

American Homes 4 Rent, Class A

     2,387        87,794  

AvalonBay Communities, Inc.

     1,561        289,659  

Camden Property Trust

     772        75,965  

Equity LifeStyle Properties, Inc.

     1,849        119,076  

Equity Residential

     3,105        195,956  

Essex Property Trust, Inc.

     486        118,978  

Invitation Homes, Inc.

     4,368        155,544  

Mid-America Apartment Communities, Inc.

     954        125,527  

Sun Communities, Inc.

     755        97,078  

UDR, Inc.

     2,588        96,817  
     

 

 

 
Total Residential REITs               1,362,394  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2024

 

 

 

Investments    Shares      Value  
Retail REITs – 0.2%      

Kimco Realty Corp.

     4,277      $ 83,872  

Realty Income Corp.

     4,846        262,169  

Regency Centers Corp.

     1,927        116,699  

Simon Property Group, Inc.

     5,363        839,256  
     

 

 

 
Total Retail REITs               1,301,996  
Semiconductors & Semiconductor Equipment – 6.7%

 

Analog Devices, Inc.

     11,892        2,352,119  

Applied Materials, Inc.

     19,191        3,957,760  

Broadcom, Inc.

     7,551        10,008,171  

Enphase Energy, Inc.*

     5,034        609,013  

Intel Corp.

     29,640        1,309,199  

KLA Corp.

     2,848        1,989,527  

Lam Research Corp.

     2,633        2,558,144  

Microchip Technology, Inc.

     18,310        1,642,590  

Monolithic Power Systems, Inc.

     836        566,323  

NVIDIA Corp.

     23,905        21,599,602  

ON Semiconductor Corp.*

     15,535        1,142,599  

QUALCOMM, Inc.

     28,937        4,899,034  

Skyworks Solutions, Inc.

     7,439        805,793  

Teradyne, Inc.

     4,556        514,053  

Texas Instruments, Inc.

     18,051        3,144,665  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     57,098,592  
Software – 9.3%      

Adobe, Inc.*

     4,847        2,445,796  

ANSYS, Inc.*

     1,874        650,578  

AppLovin Corp., Class A*

     8,163        565,043  

Atlassian Corp., Class A*

     2,120        413,633  

Autodesk, Inc.*

     3,893        1,013,815  

Bentley Systems, Inc., Class B

     6,869        358,699  

Cadence Design Systems, Inc.*

     2,833        881,856  

Crowdstrike Holdings, Inc., Class A*

     2,018        646,951  

Datadog, Inc., Class A*

     3,631        448,792  

Dynatrace, Inc.*

     6,874        319,229  

Fair Isaac Corp.*

     362        452,359  

Fortinet, Inc.*

     13,829        944,659  

Gen Digital, Inc.

     31,074        696,058  

HubSpot, Inc.*

     692        433,580  

Intuit, Inc.

     3,243        2,107,950  

Manhattan Associates, Inc.*

     1,291        323,047  

Microsoft Corp.

     115,142        48,442,542  

Nutanix, Inc., Class A*

     7,277        449,136  

Oracle Corp.

     50,272        6,314,666  

Palantir Technologies, Inc., Class A*

     24,010        552,470  

Palo Alto Networks, Inc.*

     3,017        857,220  

PTC, Inc.*

     2,667        503,903  

Roper Technologies, Inc.

     1,703        955,110  

Salesforce, Inc.

     12,188        3,670,782  

ServiceNow, Inc.*

     1,495        1,139,788  

Synopsys, Inc.*

     1,694        968,121  

Tyler Technologies, Inc.*

     919        390,584  

Unity Software, Inc.*(a)

     11,367        303,499  

Workday, Inc., Class A*

     2,822        769,700  

Zoom Video Communications, Inc., Class A*

     12,251      800,848  

Zscaler, Inc.*

     1,906        367,153  
     

 

 

 
Total Software               79,187,567  
Specialized REITs – 0.5%      

American Tower Corp.

     2,921        577,160  

Crown Castle, Inc.

     4,111        435,067  

Digital Realty Trust, Inc.

     2,488        358,372  

Equinix, Inc.

     601        496,023  

Extra Space Storage, Inc.

     1,727        253,869  

Gaming & Leisure Properties, Inc.

     3,422        157,652  

Iron Mountain, Inc.

     2,887        231,566  

Public Storage

     2,400        696,144  

SBA Communications Corp.

     658        142,589  

VICI Properties, Inc.

     26,070        776,625  

Weyerhaeuser Co.

     6,782        243,542  
     

 

 

 
Total Specialized REITs               4,368,609  
Specialty Retail – 2.0%      

AutoZone, Inc.*

     322        1,014,831  

Best Buy Co., Inc.

     5,531        453,708  

Burlington Stores, Inc.*

     476        110,522  

Five Below, Inc.*

     319        57,860  

Floor & Decor Holdings, Inc., Class A*

     576        74,661  

Home Depot, Inc.

     17,613        6,756,347  

Lowe’s Cos., Inc.

     13,779        3,509,925  

O’Reilly Automotive, Inc.*

     835        942,615  

Penske Automotive Group, Inc.

     2,061        333,861  

Ross Stores, Inc.

     4,168        611,696  

TJX Cos., Inc.

     15,504        1,572,416  

Tractor Supply Co.

     1,533        401,217  

Ulta Beauty, Inc.*

     792        414,121  

Williams-Sonoma, Inc.

     1,261        400,405  
     

 

 

 
Total Specialty Retail               16,654,185  
Technology Hardware, Storage & Peripherals – 5.2%

 

Apple, Inc.

     219,864        37,702,279  

Hewlett Packard Enterprise Co.

     73,555        1,304,130  

HP, Inc.

     51,011        1,541,552  

NetApp, Inc.

     7,564        793,993  

Pure Storage, Inc., Class A*

     13,324        692,715  

Super Micro Computer, Inc.*

     1,908        1,927,137  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     43,961,806  
Textiles, Apparel & Luxury Goods – 0.2%      

Deckers Outdoor Corp.*

     277        260,729  

NIKE, Inc., Class B

     15,014        1,411,016  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               1,671,745  
Tobacco – 0.8%      

Altria Group, Inc.

     74,076        3,231,195  

Philip Morris International, Inc.

     36,316        3,327,272  
     

 

 

 
Total Tobacco               6,558,467  
Trading Companies & Distributors – 0.3%      

Fastenal Co.

     6,004        463,148  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2024

 

 

 

Investments    Shares      Value  

United Rentals, Inc.

     1,979      $ 1,427,077  

Watsco, Inc.

     492        212,529  

WW Grainger, Inc.

     732        744,664  
     

 

 

 
Total Trading Companies & Distributors               2,847,418  
Water Utilities – 0.0%      

American Water Works Co., Inc.

     1,972        240,998  

Essential Utilities, Inc.

     3,802        140,864  
     

 

 

 
Total Water Utilities               381,862  
Wireless Telecommunication Services – 0.3%      

T-Mobile U.S., Inc.

     17,788        2,903,357  
Total United States               848,975,014  
South Korea – 0.0%      
Broadline Retail – 0.0%      

Coupang, Inc.*

     11,664        207,503  

TOTAL COMMON STOCKS

(Cost: $642,011,822)

 

 

     849,182,517  
EXCHANGE-TRADED FUND – 0.1%

 

United States – 0.1%

 

WisdomTree U.S. High Dividend Fund(b)
(Cost: $603,835)
     7,978        691,373  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%

 

United States – 0.0%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $1,928)      1,928      1,928  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $642,617,585)

 

 

     849,875,818  

Other Assets less Liabilities – 0.1%

 

     872,412  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 850,748,230  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,746,410 and the total market value of the collateral held by the Fund was $1,782,415. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,780,487.

 

(b) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate    Value at
3/31/2023
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
3/31/2024
     Dividend
Income
 

WisdomTree U.S. High Dividend Fund

   $ 151,624      $ 5,870,965      $ 5,437,207      $ 43,699      $ 62,292      $ 691,373      $ 71,000  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 849,182,517      $      $      $ 849,182,517  

Exchange-Traded Fund

     691,373                      691,373  

Investment of Cash Collateral for Securities Loaned

            1,928               1,928  

Total Investments in Securities

   $ 849,873,890      $ 1,928      $      $ 849,875,818  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Schedule of Investments

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.5%

 

Aerospace & Defense – 1.1%

 

BWX Technologies, Inc.

     88,925      $ 9,125,484  

Curtiss-Wright Corp.

     18,764        4,802,458  

Hexcel Corp.

     55,490        4,042,447  

Huntington Ingalls Industries, Inc.

     44,722        13,035,121  

Moog, Inc., Class A

     17,579        2,806,487  

Woodward, Inc.

     34,357        5,295,101  
     

 

 

 
Total Aerospace & Defense               39,107,098  
Air Freight & Logistics – 0.4%      

CH Robinson Worldwide, Inc.

     168,519        12,831,037  
Automobile Components – 0.7%      

BorgWarner, Inc.

     181,628        6,309,757  

Gentex Corp.

     292,116        10,551,230  

Lear Corp.

     71,578        10,370,220  
     

 

 

 
Total Automobile Components               27,231,207  
Automobiles – 0.4%      

Harley-Davidson, Inc.

     179,696        7,859,903  

Thor Industries, Inc.

     58,588        6,874,716  
     

 

 

 
Total Automobiles               14,734,619  
Banks – 7.6%      

Bank OZK

     291,503        13,251,726  

BOK Financial Corp.

     104,494        9,613,448  

Cadence Bank

     337,381        9,784,049  

Columbia Banking System, Inc.

     633,202        12,252,459  

Comerica, Inc.

     392,997        21,610,905  

Commerce Bancshares, Inc.

     147,997        7,873,440  

Cullen/Frost Bankers, Inc.

     120,476        13,561,983  

East West Bancorp, Inc.

     304,227        24,067,398  

First Financial Bankshares, Inc.

     218,242        7,160,520  

FNB Corp.

     760,023        10,716,324  

Glacier Bancorp, Inc.

     222,728        8,971,484  

Home BancShares, Inc.

     493,508        12,125,492  

New York Community Bancorp, Inc.(a)

     2,277,733        7,334,300  

Old National Bancorp

     550,147        9,578,059  

Pinnacle Financial Partners, Inc.

     54,682        4,696,090  

Prosperity Bancshares, Inc.

     174,572        11,483,346  

SouthState Corp.

     107,462        9,137,494  

Synovus Financial Corp.

     346,116        13,865,407  

United Bankshares, Inc.

     304,721        10,905,965  

Valley National Bancorp

     1,216,377        9,682,361  

Webster Financial Corp.

     299,954        15,228,665  

Western Alliance Bancorp

     161,411        10,360,972  

Wintrust Financial Corp.

     88,349        9,222,752  

Zions Bancorp NA

     331,667        14,394,348  
     

 

 

 
Total Banks               276,878,987  
Beverages – 0.6%      

Coca-Cola Consolidated, Inc.

     4,193        3,548,997  

Molson Coors Beverage Co., Class B

     273,905        18,420,111  
     

 

 

 
Total Beverages               21,969,108  
Broadline Retail – 0.4%      

Dillard’s, Inc., Class A

     6,229      2,937,846  

Macy’s, Inc.

     571,598        11,426,244  
     

 

 

 
Total Broadline Retail               14,364,090  
Building Products – 3.1%      

AAON, Inc.

     45,206        3,982,649  

Advanced Drainage Systems, Inc.

     40,094        6,905,790  

AO Smith Corp.

     113,915        10,190,836  

Armstrong World Industries, Inc.

     49,276        6,121,065  

Carlisle Cos., Inc.

     30,848        12,087,789  

Fortune Brands Innovations, Inc.

     90,898        7,696,334  

Lennox International, Inc.

     29,150        14,247,354  

Masco Corp.

     309,388        24,404,525  

Owens Corning

     71,726        11,963,897  

Simpson Manufacturing Co., Inc.

     24,772        5,082,719  

UFP Industries, Inc.

     57,147        7,029,652  

Zurn Elkay Water Solutions Corp.

     126,257        4,225,822  
     

 

 

 
Total Building Products               113,938,432  
Capital Markets – 4.5%      

Affiliated Managers Group, Inc.

     17,321        2,900,748  

Blue Owl Capital, Inc.

     987,866        18,631,153  

Carlyle Group, Inc.

     705,882        33,112,924  

Evercore, Inc., Class A

     44,993        8,665,202  

Franklin Resources, Inc.

     1,156,689        32,514,528  

Hamilton Lane, Inc., Class A

     59,675        6,728,953  

Houlihan Lokey, Inc.

     58,714        7,526,548  

Interactive Brokers Group, Inc., Class A

     52,921        5,911,805  

Jefferies Financial Group, Inc.

     367,863        16,222,758  

MarketAxess Holdings, Inc.

     24,115        5,287,214  

Morningstar, Inc.

     22,052        6,800,175  

SEI Investments Co.

     150,351        10,810,237  

Stifel Financial Corp.

     129,006        10,084,399  
     

 

 

 
Total Capital Markets               165,196,644  
Chemicals – 4.3%      

Albemarle Corp.

     88,665        11,680,727  

Ashland, Inc.

     57,749        5,623,020  

Balchem Corp.

     17,466        2,706,357  

Cabot Corp.

     94,782        8,738,900  

Celanese Corp.

     109,969        18,899,272  

CF Industries Holdings, Inc.

     213,537        17,768,414  

Chemours Co.

     271,883        7,139,648  

Eastman Chemical Co.

     223,907        22,439,959  

Element Solutions, Inc.

     233,616        5,835,728  

HB Fuller Co.

     39,816        3,174,928  

Huntsman Corp.

     371,795        9,677,824  

Mosaic Co.

     394,330        12,799,952  

NewMarket Corp.

     13,120        8,326,214  

Olin Corp.

     122,897        7,226,344  

RPM International, Inc.

     115,954        13,792,728  
     

 

 

 
Total Chemicals               155,830,015  
Commercial Services & Supplies – 0.3%      

MSA Safety, Inc.

     26,091        5,050,957  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2024

 

 

 

Investments    Shares      Value  

Tetra Tech, Inc.

     26,623      $ 4,917,534  
     

 

 

 
Total Commercial Services & Supplies               9,968,491  
Communications Equipment – 0.7%      

Juniper Networks, Inc.

     496,949        18,416,930  

Ubiquiti, Inc.(a)

     75,821        8,783,863  
     

 

 

 
Total Communications Equipment               27,200,793  
Construction & Engineering – 0.9%      

AECOM

     73,859        7,244,091  

Comfort Systems USA, Inc.

     19,316        6,136,886  

EMCOR Group, Inc.

     23,766        8,322,853  

MDU Resources Group, Inc.

     301,718        7,603,294  

Valmont Industries, Inc.

     15,338        3,501,359  
     

 

 

 
Total Construction & Engineering               32,808,483  
Construction Materials – 0.1%      

Eagle Materials, Inc.

     19,863        5,397,770  
Consumer Finance – 2.0%      

Ally Financial, Inc.

     581,065        23,585,429  

FirstCash Holdings, Inc.

     48,204        6,147,938  

OneMain Holdings, Inc.

     380,380        19,433,614  

Synchrony Financial

     594,985        25,655,753  
     

 

 

 
Total Consumer Finance               74,822,734  
Consumer Staples Distribution & Retail – 0.7%

 

Albertsons Cos., Inc., Class A

     924,206        19,814,977  

Casey’s General Stores, Inc.

     20,353        6,481,413  
     

 

 

 
Total Consumer Staples Distribution & Retail               26,296,390  
Containers & Packaging – 4.2%      

AptarGroup, Inc.

     67,819        9,758,476  

Berry Global Group, Inc.

     108,331        6,551,859  

Crown Holdings, Inc.

     72,698        5,762,043  

Graphic Packaging Holding Co.(a)

     428,567        12,505,585  

International Paper Co.

     837,651        32,685,142  

Packaging Corp. of America

     193,137        36,653,540  

Sealed Air Corp.

     203,780        7,580,616  

Silgan Holdings, Inc.

     115,422        5,604,892  

Sonoco Products Co.

     279,971        16,193,523  

Westrock Co.

     380,614        18,821,362  
     

 

 

 
Total Containers & Packaging               152,117,038  
Distributors – 0.8%      

LKQ Corp.

     367,374        19,621,445  

Pool Corp.

     25,630        10,341,705  
     

 

 

 
Total Distributors               29,963,150  
Diversified Consumer Services – 0.9%      

ADT, Inc.

     1,080,899        7,263,641  

H&R Block, Inc.

     329,071        16,160,677  

Service Corp. International

     142,628        10,584,424  
     

 

 

 
Total Diversified Consumer Services               34,008,742  
Diversified REITs – 0.8%      

WP Carey, Inc.

     504,745        28,487,808  
Diversified Telecommunication Services – 0.1%

 

Iridium Communications, Inc.

     102,197        2,673,474  
Electric Utilities – 3.9%      

Alliant Energy Corp.

     439,285      22,139,964  

Evergy, Inc.

     569,768        30,414,216  

IDACORP, Inc.

     89,199        8,285,695  

NRG Energy, Inc.

     353,270        23,912,846  

OGE Energy Corp.

     634,323        21,757,279  

Pinnacle West Capital Corp.

     364,210        27,217,413  

Portland General Electric Co.

     243,009        10,206,378  
     

 

 

 
Total Electric Utilities               143,933,791  
Electrical Equipment – 0.3%      

Acuity Brands, Inc.

     15,587        4,188,695  

Regal Rexnord Corp.

     43,161        7,773,296  
     

 

 

 
Total Electrical Equipment               11,961,991  
Electronic Equipment, Instruments & Components – 1.0%

 

Avnet, Inc.

     140,099        6,946,108  

Badger Meter, Inc.

     21,765        3,521,795  

Jabil, Inc.

     68,522        9,178,522  

Littelfuse, Inc.

     17,360        4,207,196  

TD SYNNEX Corp.

     71,502        8,086,876  

Vontier Corp.

     78,470        3,559,399  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     35,499,896  
Energy Equipment & Services – 0.5%      

ChampionX Corp.

     207,648        7,452,487  

NOV, Inc.

     257,110        5,018,787  

Patterson-UTI Energy, Inc.

     608,539        7,265,956  
     

 

 

 
Total Energy Equipment & Services               19,737,230  
Entertainment – 0.2%      

Endeavor Group Holdings, Inc., Class A

     183,949        4,733,008  

TKO Group Holdings, Inc.

     44,135        3,813,705  
     

 

 

 
Total Entertainment               8,546,713  
Financial Services – 4.1%      

Corebridge Financial, Inc.

     1,410,241        40,516,224  

Enact Holdings, Inc.

     296,595        9,247,832  

Equitable Holdings, Inc.

     486,036        18,474,228  

Jack Henry & Associates, Inc.

     49,453        8,591,470  

Jackson Financial, Inc., Class A

     223,031        14,751,270  

MGIC Investment Corp.

     578,498        12,935,215  

PennyMac Financial Services, Inc.

     36,499        3,324,694  

Radian Group, Inc.

     425,401        14,238,172  

Voya Financial, Inc.

     125,302        9,262,324  

Western Union Co.

     1,226,756        17,150,049  
     

 

 

 
Total Financial Services               148,491,478  
Food Products – 3.7%      

Campbell Soup Co.

     539,817        23,994,866  

Conagra Brands, Inc.

     1,132,178        33,557,756  

Flowers Foods, Inc.

     656,353        15,588,384  

Ingredion, Inc.

     147,641        17,251,851  

JM Smucker Co.

     191,930        24,158,229  

Lamb Weston Holdings, Inc.

     87,353        9,305,715  

Lancaster Colony Corp.

     46,718        9,700,058  

Seaboard Corp.

     588        1,895,665  
     

 

 

 
Total Food Products               135,452,524  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2024

 

 

 

Investments    Shares      Value  
Gas Utilities – 1.4%      

National Fuel Gas Co.

     277,127      $ 14,887,262  

New Jersey Resources Corp.

     198,663        8,524,629  

Southwest Gas Holdings, Inc.

     154,797        11,784,696  

UGI Corp.

     649,676        15,943,049  
     

 

 

 
Total Gas Utilities               51,139,636  
Ground Transportation – 0.6%      

Landstar System, Inc.

     51,671        9,960,102  

Ryder System, Inc.

     69,583        8,363,181  

Schneider National, Inc., Class B

     107,941        2,443,784  
     

 

 

 
Total Ground Transportation               20,767,067  
Health Care Equipment & Supplies – 0.3%      

Dentsply Sirona, Inc.

     204,341        6,782,078  

Teleflex, Inc.

     23,506        5,316,352  
     

 

 

 
Total Health Care Equipment & Supplies               12,098,430  
Health Care Providers & Services – 0.6%      

Chemed Corp.

     7,665        4,920,393  

Encompass Health Corp.

     80,462        6,644,552  

Ensign Group, Inc.

     28,702        3,571,103  

Universal Health Services, Inc., Class B

     31,839        5,809,344  
     

 

 

 
Total Health Care Providers & Services               20,945,392  
Hotel & Resort REITs – 0.6%      

Host Hotels & Resorts, Inc.

     751,715        15,545,466  

Ryman Hospitality Properties, Inc.

     57,125        6,604,221  
     

 

 

 
Total Hotel & Resort REITs               22,149,687  
Hotels, Restaurants & Leisure – 2.8%      

Aramark

     208,008        6,764,420  

Boyd Gaming Corp.

     94,129        6,336,764  

Choice Hotels International, Inc.

     46,388        5,861,124  

Churchill Downs, Inc.

     38,186        4,725,517  

Domino’s Pizza, Inc.

     33,054        16,423,872  

Hyatt Hotels Corp., Class A

     22,942        3,662,002  

Texas Roadhouse, Inc.

     101,900        15,740,493  

Vail Resorts, Inc.

     74,548        16,611,531  

Wendy’s Co.

     657,252        12,382,628  

Wingstop, Inc.

     15,277        5,597,493  

Wyndham Hotels & Resorts, Inc.

     121,106        9,294,885  
     

 

 

 
Total Hotels, Restaurants & Leisure               103,400,729  
Household Durables – 1.0%      

Installed Building Products, Inc.

     23,947        6,195,807  

KB Home

     111,066        7,872,358  

Meritage Homes Corp.

     19,216        3,371,639  

Tempur Sealy International, Inc.

     105,636        6,002,238  

Toll Brothers, Inc.

     90,811        11,748,219  
     

 

 

 
Total Household Durables               35,190,261  
Household Products – 0.3%      

Reynolds Consumer Products, Inc.

     387,459        11,065,829  
Independent Power & Renewable Electricity Producers – 1.5%

 

Clearway Energy, Inc., Class A

     112,150        2,412,347  

Clearway Energy, Inc., Class C

     274,587        6,329,230  

Ormat Technologies, Inc.

     35,873      2,374,434  

Vistra Corp.

     617,116        42,982,129  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     54,098,140  
Industrial REITs – 0.7%      

Americold Realty Trust, Inc.

     138,087        3,441,128  

EastGroup Properties, Inc.

     24,635        4,428,634  

First Industrial Realty Trust, Inc.

     64,523        3,390,038  

Rexford Industrial Realty, Inc.

     100,417        5,050,975  

STAG Industrial, Inc.

     209,556        8,055,333  

Terreno Realty Corp.

     42,660        2,832,624  
     

 

 

 
Total Industrial REITs               27,198,732  
Insurance – 6.0%      

American Financial Group, Inc.

     103,289        14,096,883  

Assurant, Inc.

     68,002        12,800,697  

CNA Financial Corp.

     514,853        23,384,623  

F&G Annuities & Life, Inc.(a)

     142,846        5,792,405  

Fidelity National Financial, Inc.

     559,174        29,692,139  

First American Financial Corp.

     185,163        11,304,201  

Globe Life, Inc.

     55,055        6,406,750  

Hanover Insurance Group, Inc.

     49,827        6,784,943  

Kinsale Capital Group, Inc.

     12,154        6,377,690  

Lincoln National Corp.

     554,731        17,712,561  

Old Republic International Corp.

     704,372        21,638,308  

Primerica, Inc.

     37,403        9,461,463  

Reinsurance Group of America, Inc.

     103,024        19,871,269  

RLI Corp.

     56,128        8,333,324  

Selective Insurance Group, Inc.

     65,924        7,196,923  

Unum Group

     338,467        18,162,139  
     

 

 

 
Total Insurance               219,016,318  
Leisure Products – 0.6%      

Acushnet Holdings Corp.

     86,021        5,673,085  

Brunswick Corp.

     78,580        7,584,542  

Polaris, Inc.

     95,935        9,605,012  
     

 

 

 
Total Leisure Products               22,862,639  
Life Sciences Tools & Services – 0.3%      

Bio-Techne Corp.

     78,897        5,553,560  

Bruker Corp.

     74,402        6,989,324  
     

 

 

 
Total Life Sciences Tools & Services               12,542,884  
Machinery – 5.7%      

AGCO Corp.

     61,991        7,626,133  

Allison Transmission Holdings, Inc.

     128,310        10,413,640  

Crane Co.

     28,424        3,840,935  

Donaldson Co., Inc.

     156,852        11,713,707  

Esab Corp.

     29,926        3,308,918  

Federal Signal Corp.

     39,356        3,340,144  

Flowserve Corp.

     214,449        9,796,030  

Franklin Electric Co., Inc.

     44,016        4,701,349  

Graco, Inc.

     103,042        9,630,305  

IDEX Corp.

     50,023        12,206,612  

ITT, Inc.

     73,410        9,985,962  

Lincoln Electric Holdings, Inc.

     62,777        16,035,757  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2024

 

 

 

Investments    Shares      Value  

Mueller Industries, Inc.

     136,479      $ 7,360,313  

Nordson Corp.

     34,846        9,566,621  

Oshkosh Corp.

     61,843        7,712,441  

Snap-on, Inc.

     103,332        30,609,005  

Stanley Black & Decker, Inc.

     271,039        26,542,849  

Timken Co.

     106,706        9,329,306  

Toro Co.

     93,063        8,527,363  

Watts Water Technologies, Inc., Class A

     20,468        4,350,473  
     

 

 

 
Total Machinery               206,597,863  
Media – 1.8%      

Fox Corp., Class A

     254,191        7,948,553  

Fox Corp., Class B

     250,028        7,155,801  

Interpublic Group of Cos., Inc.

     759,644        24,787,184  

New York Times Co., Class A

     127,161        5,495,898  

News Corp., Class A

     224,489        5,877,122  

News Corp., Class B(a)

     133,296        3,606,990  

Nexstar Media Group, Inc.

     71,290        12,282,554  
     

 

 

 
Total Media               67,154,102  
Metals & Mining – 0.5%      

Alpha Metallurgical Resources, Inc.

     9,596        3,177,907  

Commercial Metals Co.

     100,423        5,901,860  

Royal Gold, Inc.

     50,688        6,174,305  

U.S. Steel Corp.

     112,950        4,606,101  
     

 

 

 
Total Metals & Mining               19,860,173  
Multi-Utilities – 0.6%      

NiSource, Inc.

     796,264        22,024,662  
Office REITs – 0.1%      

Kilroy Realty Corp.

     60,088        2,189,006  
Oil, Gas & Consumable Fuels – 6.7%      

Antero Midstream Corp.

     1,559,627        21,928,356  

APA Corp.

     457,498        15,728,781  

Chesapeake Energy Corp.

     202,808        18,015,435  

Chord Energy Corp.

     136,674        24,360,774  

Civitas Resources, Inc.

     308,378        23,408,974  

DT Midstream, Inc.

     237,129        14,488,582  

EQT Corp.

     307,906        11,414,075  

Equitrans Midstream Corp.

     1,270,670        15,870,668  

HF Sinclair Corp.

     310,349        18,735,769  

Magnolia Oil & Gas Corp., Class A(a)

     243,589        6,321,135  

Matador Resources Co.

     98,106        6,550,538  

Murphy Oil Corp.

     218,395        9,980,651  

New Fortress Energy, Inc.(a)

     124,096        3,796,097  

Ovintiv, Inc.

     388,016        20,138,030  

PBF Energy, Inc., Class A

     161,609        9,303,830  

Permian Resources Corp.

     437,838        7,732,219  

Range Resources Corp.

     148,787        5,122,736  

SM Energy Co.

     122,042        6,083,794  

Texas Pacific Land Corp.

     13,077        7,565,175  
     

 

 

 
Total Oil, Gas & Consumable Fuels               246,545,619  
Paper & Forest Products – 0.2%      

Louisiana-Pacific Corp.

     67,871        5,695,056  
Passenger Airlines – 0.6%      

Southwest Airlines Co.

     775,246      22,629,431  
Personal Care Products – 0.2%      

Inter Parfums, Inc.

     50,748        7,130,601  
Pharmaceuticals – 1.0%      

Viatris, Inc.

     2,942,098        35,128,650  
Professional Services – 2.3%      

Concentrix Corp.

     39,077        2,587,679  

Dun & Bradstreet Holdings, Inc.

     487,701        4,896,518  

Exponent, Inc.

     42,279        3,496,051  

Insperity, Inc.

     60,799        6,664,178  

KBR, Inc.

     84,267        5,364,437  

Leidos Holdings, Inc.

     97,243        12,747,585  

ManpowerGroup, Inc.

     107,606        8,354,530  

Maximus, Inc.

     52,885        4,437,051  

Paycom Software, Inc.

     29,610        5,892,686  

Robert Half, Inc.

     128,179        10,162,031  

Science Applications International Corp.

     51,212        6,677,533  

SS&C Technologies Holdings, Inc.

     221,014        14,226,671  
     

 

 

 
Total Professional Services               85,506,950  
Residential REITs – 2.4%      

American Homes 4 Rent, Class A

     185,326        6,816,290  

Apartment Income REIT Corp.

     240,499        7,809,003  

Camden Property Trust

     98,610        9,703,224  

Equity LifeStyle Properties, Inc.

     92,984        5,988,170  

Essex Property Trust, Inc.

     76,781        18,796,757  

Mid-America Apartment Communities, Inc.

     158,161        20,810,824  

UDR, Inc.

     436,823        16,341,548  
     

 

 

 
Total Residential REITs               86,265,816  
Retail REITs – 2.1%      

Agree Realty Corp.

     48,108        2,747,929  

Brixmor Property Group, Inc.

     537,566        12,605,923  

Federal Realty Investment Trust

     139,218        14,216,942  

Kimco Realty Corp.

     822,804        16,135,186  

NNN REIT, Inc.

     426,708        18,237,500  

Phillips Edison & Co., Inc.

     59,465        2,133,010  

Regency Centers Corp.

     186,004        11,264,402  
     

 

 

 
Total Retail REITs               77,340,892  
Semiconductors & Semiconductor Equipment – 0.8%

 

Amkor Technology, Inc.

     167,267        5,392,688  

MKS Instruments, Inc.

     47,128        6,268,024  

Power Integrations, Inc.

     42,117        3,013,471  

Teradyne, Inc.

     80,938        9,132,235  

Universal Display Corp.

     24,812        4,179,581  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     27,985,999  
Software – 0.9%      

Bentley Systems, Inc., Class B

     144,486        7,545,059  

Dolby Laboratories, Inc., Class A

     69,304        5,805,596  

Gen Digital, Inc.

     720,138        16,131,091  

Pegasystems, Inc.

     42,027        2,716,625  
     

 

 

 
Total Software               32,198,371  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Schedule of Investments (concluded)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2024

 

 

 

Investments    Shares      Value  
Specialized REITs – 2.0%      

CubeSmart

     486,081      $ 21,980,583  

Gaming & Leisure Properties, Inc.

     524,356        24,157,081  

Lamar Advertising Co., Class A

     191,230        22,834,774  

Rayonier, Inc.

     75,976        2,525,442  
     

 

 

 
Total Specialized REITs               71,497,880  
Specialty Retail – 3.1%      

Academy Sports & Outdoors, Inc.

     42,264        2,854,511  

American Eagle Outfitters, Inc.

     340,484        8,781,082  

Bath & Body Works, Inc.

     272,045        13,607,691  

Dick’s Sporting Goods, Inc.

     92,983        20,908,157  

Gap, Inc.

     552,151        15,211,760  

Group 1 Automotive, Inc.

     7,922        2,315,046  

Lithia Motors, Inc.

     14,247        4,286,353  

Murphy USA, Inc.

     11,172        4,683,302  

Penske Automotive Group, Inc.

     73,559        11,915,823  

Williams-Sonoma, Inc.

     89,104        28,293,193  
     

 

 

 
Total Specialty Retail               112,856,918  
Textiles, Apparel & Luxury Goods – 1.4%      

Columbia Sportswear Co.(a)

     77,734        6,310,446  

Levi Strauss & Co., Class A(a)

     213,528        4,268,425  

PVH Corp.

     28,339        3,984,747  

Ralph Lauren Corp.

     74,989        14,079,935  

Tapestry, Inc.

     508,630        24,149,752  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               52,793,305  
Trading Companies & Distributors – 1.6%      

Air Lease Corp.

     139,189        7,159,882  

Applied Industrial Technologies, Inc.

     29,493        5,826,342  

Boise Cascade Co.

     29,754        4,563,371  

GATX Corp.

     43,005      5,763,960  

MSC Industrial Direct Co., Inc., Class A

     125,001        12,130,097  

Watsco, Inc.(a)

     42,270        18,259,372  

WESCO International, Inc.

     29,416        5,038,373  
     

 

 

 
Total Trading Companies & Distributors               58,741,397  
Water Utilities – 0.5%      

Essential Utilities, Inc.

     457,149        16,937,370  
Total United States               3,639,005,538  
Puerto Rico – 0.3%

 

Banks – 0.3%

 

Popular, Inc.

     126,773        11,167,434  

TOTAL COMMON STOCKS

(Cost: $3,022,853,971)

 

 

     3,650,172,972  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%

 

United States – 0.3%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.34%(b)

 

  
(Cost: $11,185,491)      11,185,491        11,185,491  

TOTAL INVESTMENTS IN SECURITIES – 100.1%

(Cost: $3,034,039,462)

 

 

     3,661,358,463  

Other Assets less Liabilities – (0.1)%

 

     (3,240,441
     

 

 

 
NET ASSETS – 100.0%

 

   $ 3,658,118,022  
(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $22,142,217 and the total market value of the collateral held by the Fund was $22,628,382. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $11,442,891.

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate    Value at
3/31/2023
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
3/31/2024
     Dividend
Income
 

WisdomTree U.S. LargeCap Dividend Fund^

   $      $ 53,920,391      $ 54,336,765      $ 416,374      $      $      $ 190,251  
^ 

As of March 31, 2024, the Fund did not hold a position in this affiliate.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 3,650,172,972      $      $      $ 3,650,172,972  

Investment of Cash Collateral for Securities Loaned

            11,185,491               11,185,491  

Total Investments in Securities

   $ 3,650,172,972      $ 11,185,491      $      $ 3,661,358,463  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
United States – 99.5%      
Aerospace & Defense – 1.1%      

AeroVironment, Inc.*

     2,314      $ 354,690  

BWX Technologies, Inc.

     13,268        1,361,562  

Curtiss-Wright Corp.

     5,764        1,475,238  

Hexcel Corp.

     8,263        601,960  

Huntington Ingalls Industries, Inc.

     7,792        2,271,134  

Leonardo DRS, Inc.*

     36,839        813,774  

Moog, Inc., Class A

     5,674        905,854  

Woodward, Inc.

     7,066        1,089,012  
     

 

 

 
Total Aerospace & Defense               8,873,224  
Air Freight & Logistics – 0.1%      

GXO Logistics, Inc.*

     20,908        1,124,014  
Automobile Components – 1.3%      

BorgWarner, Inc.

     105,257        3,656,628  

Fox Factory Holding Corp.*

     12,416        646,501  

Gentex Corp.

     46,339        1,673,765  

LCI Industries

     2,434        299,528  

Lear Corp.

     18,730        2,713,603  

Modine Manufacturing Co.*

     10,627        1,011,584  

Visteon Corp.*

     5,558        653,676  
     

 

 

 
Total Automobile Components               10,655,285  
Automobiles – 0.7%      

Harley-Davidson, Inc.

     86,130        3,767,326  

Thor Industries, Inc.

     13,858        1,626,098  
     

 

 

 
Total Automobiles               5,393,424  
Banks – 8.5%      

Ameris Bancorp

     20,372        985,597  

Associated Banc-Corp.

     67,253        1,446,612  

BancFirst Corp.

     7,723        679,856  

Bank OZK

     50,937        2,315,596  

BOK Financial Corp.

     28,107        2,585,844  

Cadence Bank

     46,150        1,338,350  

Cathay General Bancorp

     32,218        1,218,807  

Columbia Banking System, Inc.

     69,394        1,342,774  

Comerica, Inc.

     86,196        4,739,918  

Commerce Bancshares, Inc.

     32,952        1,753,046  

Cullen/Frost Bankers, Inc.

     23,309        2,623,894  

East West Bancorp, Inc.

     66,041        5,224,504  

First Financial Bankshares, Inc.

     25,538        837,902  

First Interstate BancSystem, Inc., Class A

     35,789        973,819  

FNB Corp.(a)

     161,514        2,277,347  

Glacier Bancorp, Inc.(a)

     23,056        928,696  

Hancock Whitney Corp.

     38,705        1,781,978  

Home BancShares, Inc.(a)

     59,211        1,454,814  

International Bancshares Corp.

     27,998        1,571,808  

New York Community Bancorp, Inc.(a)

     559,187        1,800,582  

Old National Bancorp

     134,930        2,349,131  

Pinnacle Financial Partners, Inc.(a)

     23,584        2,025,394  

Prosperity Bancshares, Inc.

     25,038        1,647,000  

ServisFirst Bancshares, Inc.

     13,672        907,274  

SouthState Corp.

     22,674      1,927,970  

Synovus Financial Corp.

     72,441        2,901,986  

Texas Capital Bancshares, Inc.*

     21,805        1,342,098  

TFS Financial Corp.

     25,511        320,418  

UMB Financial Corp.

     17,136        1,490,661  

United Bankshares, Inc.

     37,732        1,350,428  

United Community Banks, Inc.

     34,360        904,355  

Valley National Bancorp(a)

     220,085        1,751,877  

Webster Financial Corp.

     79,499        4,036,164  

Western Alliance Bancorp

     55,131        3,538,859  

Wintrust Financial Corp.

     23,914        2,496,382  

Zions Bancorp NA

     74,367        3,227,528  
     

 

 

 
Total Banks               70,099,269  
Beverages – 0.4%      

Boston Beer Co., Inc., Class A*

     1,013        308,377  

Coca-Cola Consolidated, Inc.

     3,179        2,690,737  

National Beverage Corp.*

     11,875        563,588  
     

 

 

 
Total Beverages               3,562,702  
Biotechnology – 0.4%      

ACADIA Pharmaceuticals, Inc.*

     18,156        335,705  

Exelixis, Inc.*

     29,673        704,140  

Halozyme Therapeutics, Inc.*(a)

     29,508        1,200,386  

Ionis Pharmaceuticals, Inc.*

     13,141        569,662  

Krystal Biotech, Inc.*

     2,553        454,255  
     

 

 

 
Total Biotechnology               3,264,148  
Broadline Retail – 1.0%      

Dillard’s, Inc., Class A

     7,330        3,457,121  

Etsy, Inc.*

     15,351        1,054,921  

Macy’s, Inc.

     171,444        3,427,166  

Ollie’s Bargain Outlet Holdings, Inc.*

     7,248        576,723  
     

 

 

 
Total Broadline Retail               8,515,931  
Building Products – 1.6%      

AAON, Inc.

     9,990        880,119  

AO Smith Corp.

     26,067        2,331,954  

Armstrong World Industries, Inc.(a)

     8,749        1,086,801  

AZEK Co., Inc.*

     13,911        698,610  

CSW Industrials, Inc.

     2,276        533,950  

Fortune Brands Innovations, Inc.

     26,907        2,278,216  

Simpson Manufacturing Co., Inc.

     7,769        1,594,043  

Trex Co., Inc.*

     11,314        1,128,571  

UFP Industries, Inc.

     17,106        2,104,209  

Zurn Elkay Water Solutions Corp.

     19,878        665,317  
     

 

 

 
Total Building Products               13,301,790  
Capital Markets – 2.3%      

Affiliated Managers Group, Inc.

     22,130        3,706,111  

Blue Owl Capital, Inc.

     70,834        1,335,929  

Cohen & Steers, Inc.

     6,934        533,155  

Evercore, Inc., Class A

     7,513        1,446,929  

Hamilton Lane, Inc., Class A

     6,224        701,818  

Houlihan Lokey, Inc.(a)

     9,201        1,179,476  

Interactive Brokers Group, Inc., Class A

     24,779        2,768,062  

Jefferies Financial Group, Inc.

     32,347        1,426,503  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2024

 

 

 

Investments    Shares      Value  

MarketAxess Holdings, Inc.

     3,357      $ 736,022  

Moelis & Co., Class A

     6,185        351,123  

Piper Sandler Cos.

     2,852        566,094  

SEI Investments Co.

     26,160        1,880,904  

Stifel Financial Corp.

     30,224        2,362,610  
     

 

 

 
Total Capital Markets               18,994,736  
Chemicals – 1.7%      

Ashland, Inc.

     10,701        1,041,956  

Avient Corp.

     19,631        851,985  

Balchem Corp.

     4,112        637,154  

Cabot Corp.

     15,007        1,383,645  

Chemours Co.

     51,599        1,354,990  

Element Solutions, Inc.

     54,755        1,367,780  

HB Fuller Co.

     9,798        781,293  

Huntsman Corp.

     17,863        464,974  

Innospec, Inc.

     5,160        665,330  

NewMarket Corp.

     2,704        1,716,012  

Olin Corp.

     48,307        2,840,452  

Quaker Chemical Corp.

     2,727        559,717  

Scotts Miracle-Gro Co.(a)

     5,262        392,493  
     

 

 

 
Total Chemicals               14,057,781  
Commercial Services & Supplies – 0.9%      

ABM Industries, Inc.

     19,449        867,814  

Brink’s Co.

     12,768        1,179,508  

Casella Waste Systems, Inc., Class A*

     4,645        459,251  

Clean Harbors, Inc.*

     8,303        1,671,477  

MSA Safety, Inc.

     5,489        1,062,616  

Stericycle, Inc.*

     13,786        727,211  

Tetra Tech, Inc.

     6,569        1,213,360  

UniFirst Corp.

     2,662        461,671  
     

 

 

 
Total Commercial Services & Supplies               7,642,908  
Communications Equipment – 0.8%      

Calix, Inc.*

     10,362        343,604  

Ciena Corp.*

     30,637        1,514,999  

Juniper Networks, Inc.

     94,485        3,501,614  

Ubiquiti, Inc.

     13,422        1,554,939  
     

 

 

 
Total Communications Equipment               6,915,156  
Construction & Engineering – 1.3%      

API Group Corp.*

     47,876        1,880,091  

Arcosa, Inc.

     6,504        558,433  

Comfort Systems USA, Inc.

     5,250        1,667,977  

Dycom Industries, Inc.*

     7,292        1,046,621  

Fluor Corp.*

     36,785        1,555,270  

MDU Resources Group, Inc.

     45,440        1,145,088  

Valmont Industries, Inc.

     5,625        1,284,075  

WillScot Mobile Mini Holdings Corp.*

     31,298        1,455,357  
     

 

 

 
Total Construction & Engineering               10,592,912  
Construction Materials – 0.6%      

Eagle Materials, Inc.

     9,613        2,612,333  

Knife River Corp.*

     15,932        1,291,766  

Summit Materials, Inc., Class A*

     20,107        896,169  
     

 

 

 
Total Construction Materials               4,800,268  
Consumer Finance – 1.4%      

Ally Financial, Inc.

     129,280      5,247,475  

Credit Acceptance Corp.*(a)

     2,554        1,408,659  

FirstCash Holdings, Inc.

     7,673        978,614  

OneMain Holdings, Inc.

     54,642        2,791,660  

SLM Corp.

     67,954        1,480,718  
     

 

 

 
Total Consumer Finance               11,907,126  
Consumer Staples Distribution & Retail – 0.5%      

BJ’s Wholesale Club Holdings, Inc.*

     28,513        2,157,008  

Grocery Outlet Holding Corp.*

     15,264        439,298  

Sprouts Farmers Market, Inc.*

     23,968        1,545,457  
     

 

 

 
Total Consumer Staples Distribution & Retail               4,141,763  
Containers & Packaging – 1.9%      

AptarGroup, Inc.

     8,642        1,243,497  

Berry Global Group, Inc.

     49,937        3,020,190  

Graphic Packaging Holding Co.(a)

     134,515        3,925,148  

Greif, Inc., Class A

     19,564        1,350,894  

Sealed Air Corp.

     55,536        2,065,939  

Silgan Holdings, Inc.

     35,484        1,723,103  

Sonoco Products Co.(a)

     36,435        2,107,401  
     

 

 

 
Total Containers & Packaging               15,436,172  
Diversified Consumer Services – 1.2%      

ADT, Inc.

     256,258        1,722,054  

Bright Horizons Family Solutions, Inc.*(a)

     5,948        674,265  

Coursera, Inc.*

     13,947        195,537  

Duolingo, Inc.*

     3,315        731,222  

Frontdoor, Inc.*

     18,893        615,534  

Grand Canyon Education, Inc.*

     5,687        774,626  

H&R Block, Inc.

     47,135        2,314,800  

Service Corp. International

     30,275        2,246,708  

Stride, Inc.*

     9,355        589,833  
     

 

 

 
Total Diversified Consumer Services               9,864,579  
Diversified REITs – 0.2%      

Broadstone Net Lease, Inc.

     45,411        711,590  

Essential Properties Realty Trust, Inc.

     28,230        752,612  
     

 

 

 
Total Diversified REITs               1,464,202  
Diversified Telecommunication Services – 0.4%      

Cogent Communications Holdings, Inc.

     37,529        2,451,770  

Frontier Communications Parent, Inc.*

     24,783        607,183  

Globalstar, Inc.*(a)

     186,454        274,087  
     

 

 

 
Total Diversified Telecommunication Services               3,333,040  
Electric Utilities – 1.0%      

ALLETE, Inc.

     14,785        881,777  

IDACORP, Inc.

     10,151        942,926  

MGE Energy, Inc.

     6,123        482,003  

OGE Energy Corp.

     41,075        1,408,873  

Otter Tail Corp.

     13,631        1,177,718  

Pinnacle West Capital Corp.

     22,850        1,707,580  

PNM Resources, Inc.

     21,173        796,952  

Portland General Electric Co.

     19,319        811,398  
     

 

 

 
Total Electric Utilities               8,209,227  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2024

 

 

 

Investments    Shares      Value  
Electrical Equipment – 1.6%      

Acuity Brands, Inc.

     8,875      $ 2,384,979  

Atkore, Inc.

     21,375        4,068,945  

Encore Wire Corp.

     9,291        2,441,489  

EnerSys

     11,720        1,107,071  

Regal Rexnord Corp.

     18,601        3,350,040  
     

 

 

 
Total Electrical Equipment               13,352,524  
Electronic Equipment, Instruments & Components – 3.2%

 

Advanced Energy Industries, Inc.

     7,148        728,953  

Arrow Electronics, Inc.*

     34,023        4,404,618  

Avnet, Inc.

     54,158        2,685,154  

Badger Meter, Inc.

     2,692        435,593  

Belden, Inc.

     16,317        1,511,117  

Coherent Corp.*

     27,862        1,688,994  

Crane NXT Co.

     15,451        956,417  

Insight Enterprises, Inc.*(a)

     7,661        1,421,269  

IPG Photonics Corp.*

     4,317        391,509  

Itron, Inc.*

     6,949        642,921  

Littelfuse, Inc.

     4,677        1,133,471  

Plexus Corp.*

     5,904        559,817  

Sanmina Corp.*

     27,835        1,730,780  

TD SYNNEX Corp.

     40,074        4,532,369  

Vishay Intertechnology, Inc.(a)

     62,113        1,408,723  

Vontier Corp.

     50,283        2,280,837  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     26,512,542  
Energy Equipment & Services – 1.3%      

Cactus, Inc., Class A(a)

     19,388        971,145  

ChampionX Corp.

     43,402        1,557,698  

Helmerich & Payne, Inc.

     47,190        1,984,811  

Liberty Energy, Inc.(a)

     117,272        2,429,876  

NOV, Inc.

     77,240        1,507,725  

Patterson-UTI Energy, Inc.

     112,643        1,344,957  

Tidewater, Inc.*

     5,928        545,376  
     

 

 

 
Total Energy Equipment & Services               10,341,588  
Entertainment – 0.4%      

Endeavor Group Holdings, Inc., Class A

     29,172        750,596  

Madison Square Garden Sports Corp.*

     1,440        265,709  

TKO Group Holdings, Inc.

     6,718        580,502  

Warner Music Group Corp., Class A

     45,077        1,488,442  
     

 

 

 
Total Entertainment               3,085,249  
Financial Services – 3.3%      

Enact Holdings, Inc.

     81,088        2,528,324  

Euronet Worldwide, Inc.*

     13,932        1,531,545  

Jackson Financial, Inc., Class A

     62,719        4,148,235  

MGIC Investment Corp.

     147,419        3,296,289  

Mr. Cooper Group, Inc.*

     24,707        1,925,911  

PennyMac Financial Services, Inc.

     9,764        889,403  

Radian Group, Inc.

     88,894        2,975,282  

Remitly Global, Inc.*

     18,991        393,873  

Shift4 Payments, Inc., Class A*(a)

     8,377        553,468  

Voya Financial, Inc.

     39,939        2,952,291  

Walker & Dunlop, Inc.

     5,798        585,946  

Western Union Co.

     190,193      2,658,898  

WEX, Inc.*

     12,261        2,912,355  
     

 

 

 
Total Financial Services               27,351,820  
Food Products – 1.1%      

Flowers Foods, Inc.

     47,346        1,124,467  

Ingredion, Inc.

     20,523        2,398,113  

J & J Snack Foods Corp.

     2,086        301,552  

Lancaster Colony Corp.

     3,507        728,158  

Pilgrim’s Pride Corp.*

     23,202        796,293  

Post Holdings, Inc.*

     14,538        1,545,099  

Seaboard Corp.

     436        1,405,629  

Simply Good Foods Co.*

     15,351        522,395  
     

 

 

 
Total Food Products               8,821,706  
Gas Utilities – 0.8%      

National Fuel Gas Co.

     35,249        1,893,576  

New Jersey Resources Corp.

     22,229        953,847  

ONE Gas, Inc.

     14,341        925,425  

Spire, Inc.

     12,817        786,579  

UGI Corp.

     99,750        2,447,865  
     

 

 

 
Total Gas Utilities               7,007,292  
Ground Transportation – 1.2%      

ArcBest Corp.(a)

     6,683        952,328  

Avis Budget Group, Inc.(a)

     26,953        3,300,664  

Hertz Global Holdings, Inc.*(a)

     220,367        1,725,474  

Landstar System, Inc.

     6,523        1,257,373  

Ryder System, Inc.

     22,510        2,705,477  
     

 

 

 
Total Ground Transportation               9,941,316  
Health Care Equipment & Supplies – 1.6%      

CONMED Corp.

     3,416        273,553  

Dentsply Sirona, Inc.

     44,820        1,487,576  

Enovis Corp.*

     10,569        660,034  

Envista Holdings Corp.*

     50,966        1,089,653  

Globus Medical, Inc., Class A*

     20,579        1,103,858  

Haemonetics Corp.*

     8,520        727,182  

Inari Medical, Inc.*(a)

     8,973        430,524  

Integer Holdings Corp.*(a)

     6,316        736,951  

Integra LifeSciences Holdings Corp.*

     23,397        829,424  

Lantheus Holdings, Inc.*

     20,180        1,256,003  

Masimo Corp.*(a)

     6,946        1,020,020  

Merit Medical Systems, Inc.*(a)

     10,013        758,485  

Penumbra, Inc.*

     3,490        778,898  

QuidelOrtho Corp.*

     16,249        778,977  

Shockwave Medical, Inc.*

     5,124        1,668,528  
     

 

 

 
Total Health Care Equipment & Supplies               13,599,666  
Health Care Providers & Services – 3.0%      

Acadia Healthcare Co., Inc.*

     15,023        1,190,122  

Amedisys, Inc.*

     5,146        474,255  

AMN Healthcare Services, Inc.*

     19,877        1,242,511  

Chemed Corp.

     1,917        1,230,580  

CorVel Corp.*

     1,637        430,466  

DaVita, Inc.*

     24,586        3,394,097  

Encompass Health Corp.

     20,466        1,690,082  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Ensign Group, Inc.

     8,725      $ 1,085,565  

HealthEquity, Inc.*

     8,423        687,570  

Henry Schein, Inc.*

     35,957        2,715,473  

Option Care Health, Inc.*

     32,014        1,073,750  

Progyny, Inc.*

     6,629        252,896  

R1 RCM, Inc.*(a)

     35,109        452,204  

Select Medical Holdings Corp.

     37,063        1,117,449  

Surgery Partners, Inc.*(a)

     12,353        368,490  

Tenet Healthcare Corp.*

     34,776        3,655,305  

Universal Health Services, Inc., Class B

     19,761        3,605,592  
     

 

 

 
Total Health Care Providers & Services               24,666,407  
Health Care REITs – 0.0%      

CareTrust REIT, Inc.

     12,542        305,649  
Health Care Technology – 0.3%      

Doximity, Inc., Class A*

     29,458        792,715  

Evolent Health, Inc., Class A*(a)

     13,287        435,681  

Teladoc Health, Inc.*

     55,177        833,172  
     

 

 

 
Total Health Care Technology               2,061,568  
Hotel & Resort REITs – 0.1%      

Ryman Hospitality Properties, Inc.

     8,526        985,691  
Hotels, Restaurants & Leisure – 3.1%      

Aramark

     59,056        1,920,501  

Boyd Gaming Corp.

     41,088        2,766,044  

Cava Group, Inc.*

     9,671        677,454  

Choice Hotels International, Inc.

     10,016        1,265,522  

Churchill Downs, Inc.

     11,717        1,449,979  

Hilton Grand Vacations, Inc.*

     41,409        1,954,919  

Hyatt Hotels Corp., Class A

     14,966        2,388,873  

Life Time Group Holdings, Inc.*

     21,124        327,844  

Light & Wonder, Inc.*

     8,384        855,923  

Marriott Vacations Worldwide Corp.

     19,322        2,081,559  

Planet Fitness, Inc., Class A*

     10,078        631,185  

Red Rock Resorts, Inc., Class A

     16,163        966,871  

Texas Roadhouse, Inc.

     8,912        1,376,637  

Travel & Leisure Co.

     38,939        1,906,453  

United Parks & Resorts, Inc.*

     18,428        1,035,838  

Vail Resorts, Inc.

     4,605        1,026,132  

Wendy’s Co.

     41,593        783,612  

Wingstop, Inc.

     2,563        939,083  

Wyndham Hotels & Resorts, Inc.

     15,366        1,179,340  
     

 

 

 
Total Hotels, Restaurants & Leisure               25,533,769  
Household Durables – 4.0%      

Installed Building Products, Inc.

     6,514        1,685,367  

KB Home

     44,285        3,138,921  

Leggett & Platt, Inc.

     28,715        549,892  

LGI Homes, Inc.*

     5,688        661,913  

M/I Homes, Inc.*

     16,184        2,205,717  

MDC Holdings, Inc.

     27,801        1,748,961  

Meritage Homes Corp.

     20,132        3,532,361  

Skyline Champion Corp.*(a)

     14,107        1,199,236  

Taylor Morrison Home Corp.*

     69,305        4,308,692  

Tempur Sealy International, Inc.

     37,204        2,113,931  

Toll Brothers, Inc.

     64,561      8,352,257  

Tri Pointe Homes, Inc.*

     48,303        1,867,394  

Worthington Enterprises, Inc.

     21,983        1,368,002  
     

 

 

 
Total Household Durables               32,732,644  
Household Products – 0.2%      

Reynolds Consumer Products, Inc.

     38,640        1,103,558  

WD-40 Co.

     1,271        321,957  
     

 

 

 
Total Household Products               1,425,515  
Independent Power & Renewable Electricity Producers – 0.1%

 

Clearway Energy, Inc., Class C

     15,472        356,630  

Ormat Technologies, Inc.(a)

     6,727        445,260  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     801,890  
Industrial REITs – 0.4%      

EastGroup Properties, Inc.

     4,343        780,741  

First Industrial Realty Trust, Inc.

     18,453        969,521  

LXP Industrial Trust

     19,835        178,912  

STAG Industrial, Inc.

     19,624        754,346  

Terreno Realty Corp.

     11,178        742,219  
     

 

 

 
Total Industrial REITs               3,425,739  
Insurance – 4.2%      

American Equity Investment Life Holding Co.*

     31,296        1,759,461  

American Financial Group, Inc.

     27,377        3,736,413  

Assurant, Inc.

     15,196        2,860,495  

Brighthouse Financial, Inc.*

     49,559        2,554,271  

CNO Financial Group, Inc.

     38,368        1,054,353  

F&G Annuities & Life, Inc.(a)

     29,589        1,199,834  

First American Financial Corp.

     13,959        852,197  

Genworth Financial, Inc., Class A*

     209,552        1,347,419  

Kinsale Capital Group, Inc.

     2,528        1,326,543  

Lincoln National Corp.

     118,391        3,780,225  

Old Republic International Corp.

     96,734        2,971,668  

Primerica, Inc.

     8,860        2,241,226  

RLI Corp.

     4,994        741,459  

Ryan Specialty Holdings, Inc.

     16,693        926,461  

Selective Insurance Group, Inc.

     10,529        1,149,451  

Unum Group

     119,489        6,411,780  
     

 

 

 
Total Insurance               34,913,256  
Interactive Media & Services – 0.6%      

Match Group, Inc.*

     58,446        2,120,421  

Yelp, Inc.*

     8,786        346,168  

Ziff Davis, Inc.*

     17,905        1,128,731  

ZoomInfo Technologies, Inc.*

     105,354        1,688,825  
     

 

 

 
Total Interactive Media & Services               5,284,145  
IT Services – 0.4%      

DigitalOcean Holdings, Inc.*(a)

     17,319        661,239  

DXC Technology Co.*

     111,226        2,359,104  
     

 

 

 
Total IT Services               3,020,343  
Leisure Products – 1.0%      

Acushnet Holdings Corp.

     14,916        983,710  

Brunswick Corp.

     29,302        2,828,229  

Mattel, Inc.*

     77,581        1,536,880  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Polaris, Inc.

     26,370      $ 2,640,164  

YETI Holdings, Inc.*

     13,934        537,156  
     

 

 

 
Total Leisure Products               8,526,139  
Life Sciences Tools & Services – 0.6%      

Azenta, Inc.*

     3,684        222,071  

Bruker Corp.

     21,216        1,993,031  

Fortrea Holdings, Inc.*

     13,552        543,977  

Medpace Holdings, Inc.*

     3,557        1,437,562  

Sotera Health Co.*(a)

     62,004        744,668  
     

 

 

 
Total Life Sciences Tools & Services               4,941,309  
Machinery – 4.7%      

AGCO Corp.(a)

     38,026        4,677,959  

Albany International Corp., Class A

     5,465        511,032  

Allison Transmission Holdings, Inc.

     42,477        3,447,433  

Chart Industries, Inc.*(a)

     6,789        1,118,284  

Crane Co.

     5,369        725,513  

Donaldson Co., Inc.

     21,810        1,628,771  

Enpro, Inc.

     3,977        671,198  

Esab Corp.

     12,610        1,394,288  

ESCO Technologies, Inc.

     3,460        370,393  

Federal Signal Corp.

     7,388        627,020  

Flowserve Corp.

     25,489        1,164,338  

Franklin Electric Co., Inc.

     7,705        822,971  

Hillenbrand, Inc.

     23,757        1,194,740  

ITT, Inc.

     13,662        1,858,442  

John Bean Technologies Corp.

     5,294        555,288  

Kadant, Inc.

     1,691        554,817  

Middleby Corp.*

     14,886        2,393,520  

Mueller Industries, Inc.

     54,112        2,918,260  

Oshkosh Corp.

     21,692        2,705,209  

RBC Bearings, Inc.*(a)

     3,278        886,207  

SPX Technologies, Inc.*

     7,901        972,850  

Terex Corp.

     34,851        2,244,404  

Timken Co.

     24,348        2,128,746  

Toro Co.

     21,942        2,010,545  

Watts Water Technologies, Inc., Class A

     4,782        1,016,414  
     

 

 

 
Total Machinery               38,598,642  
Marine Transportation – 0.3%      

Kirby Corp.*

     10,183        970,644  

Matson, Inc.

     11,945        1,342,618  
     

 

 

 
Total Marine Transportation               2,313,262  
Media – 0.9%      

Cable One, Inc.

     614        259,802  

Liberty Media Corp.-Liberty SiriusXM, Class C*(a)

     82,238        2,443,291  

New York Times Co., Class A

     19,430        839,765  

Nexstar Media Group, Inc.(a)

     11,539        1,988,054  

TEGNA, Inc.

     121,711        1,818,362  
     

 

 

 
Total Media               7,349,274  
Metals & Mining – 2.6%      

Alpha Metallurgical Resources, Inc.

     9,427        3,121,940  

Arch Resources, Inc.

     14,111        2,268,908  

ATI, Inc.*(a)

     29,319        1,500,253  

Carpenter Technology Corp.

     6,313      450,874  

Cleveland-Cliffs, Inc.*

     65,969        1,500,135  

Commercial Metals Co.

     70,126        4,121,305  

Hecla Mining Co.

     42,118        202,588  

MP Materials Corp.*(a)

     40,227        575,246  

Royal Gold, Inc.

     7,398        901,150  

U.S. Steel Corp.

     126,179        5,145,580  

Warrior Met Coal, Inc.

     28,862        1,751,923  
     

 

 

 
Total Metals & Mining               21,539,902  
Multi-Utilities – 0.3%      

Avista Corp.

     18,653        653,228  

Black Hills Corp.

     18,832        1,028,227  

Northwestern Energy Group, Inc.

     13,447        684,856  
     

 

 

 
Total Multi-Utilities               2,366,311  
Office REITs – 0.2%      

Cousins Properties, Inc.

     16,705        401,588  

Kilroy Realty Corp.

     23,201        845,212  

Vornado Realty Trust(a)

     13,614        391,675  
     

 

 

 
Total Office REITs               1,638,475  
Oil, Gas & Consumable Fuels – 6.6%      

Antero Midstream Corp.

     99,829        1,403,596  

Antero Resources Corp.*

     69,255        2,008,395  

California Resources Corp.

     29,677        1,635,203  

Chord Energy Corp.

     18,022        3,212,241  

Civitas Resources, Inc.

     44,167        3,352,717  

CNX Resources Corp.*(a)

     104,132        2,470,011  

Comstock Resources, Inc.(a)

     150,734        1,398,811  

CONSOL Energy, Inc.

     22,129        1,853,525  

CVR Energy, Inc.(a)

     76,550        2,729,773  

DT Midstream, Inc.

     22,407        1,369,068  

Equitrans Midstream Corp.

     113,769        1,420,975  

Magnolia Oil & Gas Corp., Class A(a)

     81,265        2,108,827  

Matador Resources Co.

     51,307        3,425,768  

Murphy Oil Corp.

     64,811        2,961,863  

New Fortress Energy, Inc.(a)

     38,041        1,163,674  

Northern Oil & Gas, Inc.

     56,188        2,229,540  

PBF Energy, Inc., Class A

     100,496        5,785,555  

Peabody Energy Corp.(a)

     102,836        2,494,801  

Permian Resources Corp.

     90,276        1,594,274  

Range Resources Corp.

     86,495        2,978,023  

SM Energy Co.

     67,639        3,371,804  

Southwestern Energy Co.*

     479,919        3,637,786  
     

 

 

 
Total Oil, Gas & Consumable Fuels               54,606,230  
Paper & Forest Products – 0.1%      

Louisiana-Pacific Corp.

     13,666        1,146,714  
Passenger Airlines – 1.2%      

Alaska Air Group, Inc.*

     67,089        2,884,156  

American Airlines Group, Inc.*

     478,199        7,340,355  
     

 

 

 
Total Passenger Airlines               10,224,511  
Personal Care Products – 0.3%      

BellRing Brands, Inc.*

     13,289        784,450  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2024

 

 

 

Investments    Shares      Value  

elf Beauty, Inc.*

     4,906      $ 961,723  

Inter Parfums, Inc.

     4,439        623,724  
     

 

 

 
Total Personal Care Products               2,369,897  
Pharmaceuticals – 1.0%      

Amphastar Pharmaceuticals, Inc.*(a)

     10,410        457,103  

Corcept Therapeutics, Inc.*(a)

     15,691        395,256  

Elanco Animal Health, Inc.*

     141,075        2,296,701  

Organon & Co.

     208,047        3,911,284  

Prestige Consumer Healthcare, Inc.*

     13,089        949,738  
     

 

 

 
Total Pharmaceuticals               8,010,082  
Professional Services – 3.0%      

Alight, Inc., Class A*

     144,428        1,422,616  

ASGN, Inc.*

     12,203        1,278,386  

CACI International, Inc., Class A*

     4,755        1,801,337  

CBIZ, Inc.*

     7,945        623,682  

Concentrix Corp.

     21,212        1,404,659  

Dun & Bradstreet Holdings, Inc.

     151,583        1,521,893  

ExlService Holdings, Inc.*

     30,315        964,017  

Exponent, Inc.

     5,167        427,259  

FTI Consulting, Inc.*

     4,206        884,480  

ICF International, Inc.

     3,312        498,887  

Insperity, Inc.

     7,122        780,642  

KBR, Inc.

     28,946        1,842,702  

Korn Ferry

     15,909        1,046,176  

ManpowerGroup, Inc.

     16,773        1,302,256  

Maximus, Inc.

     7,920        664,488  

Parsons Corp.*

     14,580        1,209,411  

Paycor HCM, Inc.*(a)

     16,771        326,028  

Paylocity Holding Corp.*

     7,606        1,307,167  

Robert Half, Inc.

     21,509        1,705,234  

Science Applications International Corp.

     12,306        1,604,579  

TriNet Group, Inc.

     14,079        1,865,327  

Verra Mobility Corp.*(a)

     30,043        750,174  
     

 

 

 
Total Professional Services               25,231,400  
Real Estate Management & Development – 0.3%      

DigitalBridge Group, Inc.

     16,431        316,625  

Jones Lang LaSalle, Inc.*

     7,969        1,554,672  

St. Joe Co.

     6,973        404,225  
     

 

 

 
Total Real Estate Management & Development               2,275,522  
Residential REITs – 0.4%      

Apartment Income REIT Corp.

     110,110        3,575,272  
Retail REITs – 0.6%      

Agree Realty Corp.

     11,039        630,548  

Brixmor Property Group, Inc.

     57,840        1,356,348  

Federal Realty Investment Trust

     9,495        969,629  

NNN REIT, Inc.

     35,078        1,499,234  

Phillips Edison & Co., Inc.

     10,371        372,008  

Tanger, Inc.

     14,372        424,405  
     

 

 

 
Total Retail REITs               5,252,172  
Semiconductors & Semiconductor Equipment – 1.8%

 

Allegro MicroSystems, Inc.*

     40,223        1,084,412  

Amkor Technology, Inc.

     54,905      1,770,137  

Axcelis Technologies, Inc.*

     6,691        746,180  

Cirrus Logic, Inc.*

     15,306        1,416,723  

Diodes, Inc.*

     15,447        1,089,013  

FormFactor, Inc.*

     7,776        354,819  

Lattice Semiconductor Corp.*(a)

     17,150        1,341,644  

MACOM Technology Solutions Holdings, Inc.*

     9,178        877,784  

MKS Instruments, Inc.

     15,900        2,114,700  

Onto Innovation, Inc.*

     5,836        1,056,783  

Power Integrations, Inc.

     5,355        383,150  

Rambus, Inc.*

     9,886        611,054  

Silicon Laboratories, Inc.*

     4,694        674,622  

Synaptics, Inc.*

     7,003        683,213  

Universal Display Corp.

     4,768        803,170  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     15,007,404  
Software – 3.0%      

ACI Worldwide, Inc.*

     12,949        430,036  

Alarm.com Holdings, Inc.*

     7,242        524,828  

Altair Engineering, Inc., Class A*(a)

     5,243        451,684  

Appfolio, Inc., Class A*

     2,124        524,076  

Bill Holdings, Inc.*

     11,811        811,652  

Blackbaud, Inc.*

     8,105        600,905  

BlackLine, Inc.*

     7,607        491,260  

Box, Inc., Class A*

     28,214        799,020  

Braze, Inc., Class A*

     5,567        246,618  

CCC Intelligent Solutions Holdings, Inc.*

     61,111        730,888  

CommVault Systems, Inc.*

     5,928        601,277  

DocuSign, Inc.*

     42,567        2,534,865  

Dolby Laboratories, Inc., Class A

     8,193        686,328  

DoubleVerify Holdings, Inc.*

     15,083        530,318  

Dropbox, Inc., Class A*

     82,680        2,009,124  

Five9, Inc.*

     6,999        434,708  

Freshworks, Inc., Class A*

     17,873        325,467  

Gitlab, Inc., Class A*

     8,109        472,917  

Guidewire Software, Inc.*

     6,751        787,909  

Informatica, Inc., Class A*

     35,289        1,235,115  

Instructure Holdings, Inc.*

     18,627        398,245  

Intapp, Inc.*

     6,075        208,373  

InterDigital, Inc.

     7,606        809,735  

MicroStrategy, Inc., Class A*(a)

     952        1,622,741  

nCino, Inc.*(a)

     10,913        407,928  

Pegasystems, Inc.

     9,420        608,909  

PowerSchool Holdings, Inc., Class A*

     25,672        546,557  

Procore Technologies, Inc.*

     11,291        927,781  

Qualys, Inc.*

     3,654        609,743  

Rapid7, Inc.*

     5,906        289,630  

Smartsheet, Inc., Class A*

     11,075        426,388  

Sprout Social, Inc., Class A*(a)

     4,676        279,204  

SPS Commerce, Inc.*

     2,938        543,236  

Tenable Holdings, Inc.*

     10,690        528,407  

Teradata Corp.*

     15,787        610,483  

Varonis Systems, Inc.*(a)

     9,389        442,879  

Workiva, Inc.*(a)

     4,265        361,672  
     

 

 

 
Total Software               24,850,906  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2024

 

 

 

Investments    Shares      Value  
Specialized REITs – 0.6%      

CubeSmart

     34,049      $ 1,539,696  

EPR Properties

     11,278        478,751  

Lamar Advertising Co., Class A

     13,641        1,628,872  

National Storage Affiliates Trust

     14,250        558,030  

PotlatchDeltic Corp.

     5,545        260,726  

Rayonier, Inc.

     14,206        472,207  
     

 

 

 
Total Specialized REITs               4,938,282  
Specialty Retail – 4.4%      

Abercrombie & Fitch Co., Class A*

     9,899        1,240,642  

Academy Sports & Outdoors, Inc.

     36,547        2,468,384  

American Eagle Outfitters, Inc.

     47,116        1,215,122  

Asbury Automotive Group, Inc.*

     12,422        2,928,859  

AutoNation, Inc.*

     30,493        5,049,031  

Bath & Body Works, Inc.

     72,378        3,620,348  

Dick’s Sporting Goods, Inc.

     28,033        6,303,500  

Gap, Inc.

     31,667        872,426  

Group 1 Automotive, Inc.

     8,357        2,442,166  

Lithia Motors, Inc.

     14,012        4,215,650  

Murphy USA, Inc.

     5,375        2,253,200  

RH*

     4,949        1,723,539  

Urban Outfitters, Inc.*

     29,002        1,259,267  

Valvoline, Inc.*

     21,229        946,176  
     

 

 

 
Total Specialty Retail               36,538,310  
Textiles, Apparel & Luxury Goods – 2.5%      

Columbia Sportswear Co.(a)

     14,911        1,210,475  

Crocs, Inc.*

     26,415        3,798,477  

Kontoor Brands, Inc.

     15,283        920,801  

PVH Corp.

     21,249        2,987,822  

Ralph Lauren Corp.

     16,433        3,085,460  

Skechers USA, Inc., Class A*

     31,738        1,944,270  

Steven Madden Ltd.

     18,337        775,288  

Tapestry, Inc.

     106,509        5,057,047  

Under Armour, Inc., Class A*

     111,133        820,162  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               20,599,802  
Trading Companies & Distributors – 2.8%      

Air Lease Corp.

     45,957        2,364,028  

Applied Industrial Technologies, Inc.

     7,752        1,531,408  

Beacon Roofing Supply, Inc.*

     20,522        2,011,567  

Boise Cascade Co.

     16,636        2,551,463  

Core & Main, Inc., Class A*

     51,534        2,950,322  

GATX Corp.

     8,281        1,109,902  

GMS, Inc.*

     19,613        1,909,129  

Herc Holdings, Inc.

     10,949        1,842,717  

MSC Industrial Direct Co., Inc., Class A

     12,783      1,240,462  

Rush Enterprises, Inc., Class A

     33,333        1,783,982  

SiteOne Landscape Supply, Inc.*

     4,866        849,360  

WESCO International, Inc.

     19,006        3,255,348  
     

 

 

 
Total Trading Companies & Distributors               23,399,688  
Water Utilities – 0.1%      

American States Water Co.

     5,829        421,087  

California Water Service Group

     3,705        172,208  
     

 

 

 
Total Water Utilities               593,295  
Total United States               823,212,777  
Ghana – 0.1%      
Oil, Gas & Consumable Fuels – 0.1%      

Kosmos Energy Ltd.*(a)

     194,873        1,161,443  
Puerto Rico – 0.1%      
Banks – 0.1%      

First BanCorp

     62,512        1,096,460  
Singapore – 0.1%      
Semiconductors & Semiconductor Equipment – 0.1%

 

Kulicke & Soffa Industries, Inc.

     9,354        470,600  

TOTAL COMMON STOCKS

(Cost: $685,593,569)

 

 

     825,941,280  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree U.S. MidCap Dividend Fund(b)

     
(Cost: $688,191)      17,368        847,037  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%

 

United States – 0.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $7,552,922)      7,552,922        7,552,922  

TOTAL INVESTMENTS IN SECURITIES – 100.8%

(Cost: $693,834,682)

 

 

     834,341,239  

Other Assets less Liabilities – (0.8)%

        (6,649,011
     

 

 

 
NET ASSETS – 100.0%

 

   $ 827,692,228  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $63,296,188 and the total market value of the collateral held by the Fund was $64,609,000. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $57,056,078.

 

(b) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate    Value at
3/31/2023
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
3/31/2024
     Dividend
Income
 

WisdomTree U.S. MidCap Dividend Fund

   $ 685,145      $ 5,938,645      $ 6,022,193      $ 107,167      $ 138,273      $ 847,037      $ 42,181  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Schedule of Investments (concluded)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2024

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

  

Investments in Securities

     

Common Stocks

   $ 825,941,280      $      $      $ 825,941,280  

Exchange-Traded Fund

     847,037                      847,037  

Investment of Cash Collateral for Securities Loaned

            7,552,922               7,552,922  

Total Investments in Securities

   $ 826,788,317      $ 7,552,922      $      $ 834,341,239  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. MidCap Quality Growth Fund (QMID)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%

 

Aerospace & Defense – 0.5%

 

Leonardo DRS, Inc.*

     1,032      $ 22,797  
Beverages – 2.6%

 

Celsius Holdings, Inc.*

     930        77,115  

Coca-Cola Consolidated, Inc.

     36        30,471  
     

 

 

 
Total Beverages

 

     107,586  
Biotechnology – 2.4%

 

Exelixis, Inc.*

     1,182        28,049  

Halozyme Therapeutics, Inc.*

     522        21,235  

Neurocrine Biosciences, Inc.*

     377        51,996  
     

 

 

 
Total Biotechnology

 

     101,280  
Broadline Retail – 0.8%

 

Etsy, Inc.*

     497        34,154  
Building Products – 4.4%

 

AAON, Inc.

     306        26,959  

Advanced Drainage Systems, Inc.

     306        52,706  

Simpson Manufacturing Co., Inc.

     168        34,470  

Trex Co., Inc.*

     420        41,895  

UFP Industries, Inc.

     240        29,522  
     

 

 

 
Total Building Products

 

     185,552  
Capital Markets – 2.2%

 

Evercore, Inc., Class A

     149        28,696  

Houlihan Lokey, Inc.

     264        33,842  

MarketAxess Holdings, Inc.

     141        30,914  
     

 

 

 
Total Capital Markets

 

     93,452  
Chemicals – 0.5%

 

Cabot Corp.

     216        19,915  
Commercial Services & Supplies – 0.9%

 

Tetra Tech, Inc.

     210        38,789  
Communications Equipment – 0.7%

 

Ubiquiti, Inc.

     240        27,804  
Construction & Engineering – 1.9%

 

Comfort Systems USA, Inc.

     138        43,844  

WillScot Mobile Mini Holdings Corp.*

     749        34,828  
     

 

 

 
Total Construction & Engineering

 

     78,672  
Construction Materials – 0.9%

 

Eagle Materials, Inc.

     137        37,230  
Consumer Finance – 1.2%

 

Credit Acceptance Corp.*

     48        26,474  

OneMain Holdings, Inc.

     474        24,217  
     

 

 

 
Total Consumer Finance

 

     50,691  
Consumer Staples Distribution & Retail – 2.0%

 

BJ’s Wholesale Club Holdings, Inc.*

     516        39,036  

Performance Food Group Co.*

     594        44,336  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     83,372  
Electrical Equipment – 1.4%

 

Atkore, Inc.

     144        27,412  

Generac Holdings, Inc.*

     246        31,030  
     

 

 

 
Total Electrical Equipment

 

     58,442  
Electronic Equipment, Instruments & Components – 1.9%

 

Badger Meter, Inc.

     114      18,446  

Coherent Corp.*

     599        36,311  

Vontier Corp.

     599        27,171  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     81,928  
Energy Equipment & Services – 0.6%

 

ChampionX Corp.

     750        26,917  
Entertainment – 0.7%

 

TKO Group Holdings, Inc.

     324        27,997  
Food Products – 0.7%

 

Darling Ingredients, Inc.*

     630        29,301  
Ground Transportation – 2.6%

 

Avis Budget Group, Inc.

     148        18,124  

Landstar System, Inc.

     143        27,565  

Saia, Inc.*

     108        63,180  
     

 

 

 
Total Ground Transportation

 

     108,869  
Health Care Equipment & Supplies – 3.2%

 

Inspire Medical Systems, Inc.*

     119        25,560  

Lantheus Holdings, Inc.*

     270        16,805  

Penumbra, Inc.*

     145        32,361  

QuidelOrtho Corp.*

     251        12,033  

Shockwave Medical, Inc.*

     149        48,519  
     

 

 

 
Total Health Care Equipment & Supplies

 

     135,278  
Health Care Providers & Services – 2.6%

 

Chemed Corp.

     58        37,232  

Ensign Group, Inc.

     216        26,875  

Option Care Health, Inc.*

     684        22,941  

R1 RCM, Inc.*

     1,644        21,175  
     

 

 

 
Total Health Care Providers & Services

 

     108,223  
Hotels, Restaurants & Leisure – 4.0%

 

Boyd Gaming Corp.

     390        26,255  

Choice Hotels International, Inc.

     197        24,891  

Churchill Downs, Inc.

     288        35,640  

Texas Roadhouse, Inc.

     258        39,853  

Wingstop, Inc.

     114        41,770  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     168,409  
Household Durables – 6.0%

 

Installed Building Products, Inc.

     113        29,237  

KB Home

     312        22,115  

Meritage Homes Corp.

     144        25,266  

Taylor Morrison Home Corp.*

     426        26,484  

Tempur Sealy International, Inc.

     690        39,206  

Toll Brothers, Inc.

     414        53,559  

TopBuild Corp.*

     126        55,532  
     

 

 

 
Total Household Durables

 

     251,399  
Insurance – 1.7%

 

Kinsale Capital Group, Inc.

     84        44,078  

RLI Corp.

     174        25,834  
     

 

 

 
Total Insurance

 

     69,912  

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Schedule of Investments (continued)

WisdomTree U.S. MidCap Quality Growth Fund (QMID)

March 31, 2024

 

 

 

Investments    Shares      Value  
Interactive Media & Services – 1.3%

 

IAC, Inc.*

     336      $ 17,922  

Match Group, Inc.*

     1,068        38,747  
     

 

 

 
Total Interactive Media & Services

 

     56,669  
Leisure Products – 0.5%

 

Polaris, Inc.

     228        22,827  
Life Sciences Tools & Services – 4.5%

 

Bio-Techne Corp.

     618        43,501  

Charles River Laboratories International, Inc.*

     203        55,003  

Medpace Holdings, Inc.*

     120        48,498  

Repligen Corp.*

     222        40,830  
     

 

 

 
Total Life Sciences Tools & Services

 

     187,832  
Machinery – 5.0%

 

AGCO Corp.

     294        36,168  

Donaldson Co., Inc.

     468        34,950  

Franklin Electric Co., Inc.

     180        19,226  

Lincoln Electric Holdings, Inc.

     222        56,708  

Mueller Industries, Inc.

     444        23,945  

Toro Co.

     408        37,385  
     

 

 

 
Total Machinery

 

     208,382  
Media – 0.6%

 

Nexstar Media Group, Inc.

     137        23,604  
Metals & Mining – 2.6%

 

Cleveland-Cliffs, Inc.*

     2,040        46,390  

Commercial Metals Co.

     456        26,799  

U.S. Steel Corp.

     848        34,581  
     

 

 

 
Total Metals & Mining

 

     107,770  
Oil, Gas & Consumable Fuels – 9.0%

 

Antero Midstream Corp.

     1,842        25,898  

APA Corp.

     1,170        40,225  

Chesapeake Energy Corp.

     498        44,237  

Chord Energy Corp.

     156        27,805  

Civitas Resources, Inc.

     360        27,328  

HF Sinclair Corp.

     713        43,044  

Magnolia Oil & Gas Corp., Class A

     804        20,864  

Matador Resources Co.

     456        30,447  

New Fortress Energy, Inc.

     810        24,778  

PBF Energy, Inc., Class A

     474        27,288  

Permian Resources Corp.

     1,962        34,649  

Range Resources Corp.

     930        32,020  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     378,583  
Paper & Forest Products – 0.6%

 

Louisiana-Pacific Corp.

     282        23,663  
Personal Care Products – 1.7%

 

BellRing Brands, Inc.*

     504        29,751  

elf Beauty, Inc.*

     218        42,735  
     

 

 

 
Total Personal Care Products

 

     72,486  
Professional Services – 4.2%

 

ExlService Holdings, Inc.*

     648        20,606  

Insperity, Inc.

     144        15,784  

Paycom Software, Inc.

     235        46,767  

Paylocity Holding Corp.*

     221      37,981  

Science Applications International Corp.

     209        27,252  

TriNet Group, Inc.

     198        26,233  
     

 

 

 
Total Professional Services

 

     174,623  
Semiconductors & Semiconductor Equipment – 3.8%

 

Allegro MicroSystems, Inc.*

     737        19,870  

Amkor Technology, Inc.

     948        30,563  

Lattice Semiconductor Corp.*

     540        42,244  

Onto Innovation, Inc.*

     186        33,681  

Universal Display Corp.

     191        32,174  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     158,532  
Software – 6.0%

 

Appfolio, Inc., Class A*

     137        33,803  

DocuSign, Inc.*

     825        49,129  

DoubleVerify Holdings, Inc.*

     616        21,658  

Dropbox, Inc., Class A*

     1,332        32,368  

Procore Technologies, Inc.*

     558        45,851  

Qualys, Inc.*

     135        22,527  

SPS Commerce, Inc.*

     144        26,626  

Vertex, Inc., Class A*

     582        18,484  
     

 

 

 
Total Software

 

     250,446  
Specialty Retail – 7.4%

 

Asbury Automotive Group, Inc.*

     83        19,570  

Chewy, Inc., Class A*

     1,722        27,397  

Dick’s Sporting Goods, Inc.

     330        74,204  

Five Below, Inc.*

     222        40,266  

Floor & Decor Holdings, Inc., Class A*

     432        55,996  

Lithia Motors, Inc.

     108        32,493  

Murphy USA, Inc.

     83        34,793  

RH*

     77        26,816  
     

 

 

 
Total Specialty Retail

 

     311,535  
Technology Hardware, Storage & Peripherals – 1.5%

 

Pure Storage, Inc., Class A*

     1,188        61,764  
Textiles, Apparel & Luxury Goods – 1.7%

 

Crocs, Inc.*

     234        33,649  

Skechers USA, Inc., Class A*

     588        36,021  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     69,670  
Trading Companies & Distributors – 3.1%

 

Boise Cascade Co.

     156        23,926  

Core & Main, Inc., Class A*

     672        38,472  

SiteOne Landscape Supply, Inc.*

     180        31,419  

WESCO International, Inc.

     204        34,941  
     

 

 

 
Total Trading Companies & Distributors

 

     128,758  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $3,877,058)

 

     4,185,113  

Other Assets less Liabilities – 0.1%

 

     2,336  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 4,187,449  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. MidCap Quality Growth Fund (QMID)

March 31, 2024

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 4,185,113      $      $      $ 4,185,113  

Total Investments in Securities

   $ 4,185,113      $      $      $ 4,185,113  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Schedule of Investments

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.9%

 

Aerospace & Defense – 1.6%

 

Curtiss-Wright Corp.

     4,682      $ 1,198,311  

Huntington Ingalls Industries, Inc.

     3,663        1,067,655  

Lockheed Martin Corp.

     2,831        1,287,737  

Textron, Inc.

     10,916        1,047,172  
     

 

 

 
Total Aerospace & Defense

 

     4,600,875  
Automobile Components – 0.9%

 

BorgWarner, Inc.

     34,822        1,209,716  

Lear Corp.

     9,851        1,427,213  
     

 

 

 
Total Automobile Components

 

     2,636,929  
Automobiles – 0.4%

 

General Motors Co.

     26,778        1,214,382  
Banks – 1.0%

 

First Citizens BancShares, Inc., Class A

     386        631,110  

JPMorgan Chase & Co.

     6,495        1,300,949  

Wells Fargo & Co.

     15,943        924,056  
     

 

 

 
Total Banks

 

     2,856,115  
Beverages – 0.6%

 

Coca-Cola Consolidated, Inc.

     788        666,971  

Molson Coors Beverage Co., Class B

     15,497        1,042,173  
     

 

 

 
Total Beverages

 

     1,709,144  
Biotechnology – 3.1%

 

AbbVie, Inc.

     6,865        1,250,116  

Amgen, Inc.

     3,587        1,019,856  

Exelixis, Inc.*

     39,993        949,034  

Gilead Sciences, Inc.

     14,118        1,034,143  

Incyte Corp.*

     14,683        836,491  

Neurocrine Biosciences, Inc.*

     7,191        991,783  

Regeneron Pharmaceuticals, Inc.*

     1,104        1,062,589  

United Therapeutics Corp.*

     4,300        987,796  

Vertex Pharmaceuticals, Inc.*

     2,188        914,606  
     

 

 

 
Total Biotechnology

 

     9,046,414  
Broadline Retail – 0.4%

 

Dillard’s, Inc., Class A

     2,255        1,063,548  
Building Products – 1.0%

 

AO Smith Corp.

     11,925        1,066,811  

Masco Corp.

     11,657        919,504  

Owens Corning

     5,184        864,691  
     

 

 

 
Total Building Products

 

     2,851,006  
Capital Markets – 2.3%

 

Ameriprise Financial, Inc.

     2,497        1,094,784  

Bank of New York Mellon Corp.

     19,347        1,114,774  

Cboe Global Markets, Inc.

     7,612        1,398,553  

CME Group, Inc.

     6,144        1,322,742  

Interactive Brokers Group, Inc., Class A

     9,441        1,054,654  

LPL Financial Holdings, Inc.

     3,045        804,489  
     

 

 

 
Total Capital Markets

 

     6,789,996  
Chemicals – 0.8%

 

CF Industries Holdings, Inc.

     11,372      946,264  

Ecolab, Inc.

     6,128        1,414,955  
     

 

 

 
Total Chemicals

 

     2,361,219  
Commercial Services & Supplies – 0.4%

 

Waste Management, Inc.

     5,884        1,254,175  
Communications Equipment – 4.8%

 

Cisco Systems, Inc.

     76,068        3,796,554  

F5, Inc.*

     19,990        3,789,904  

Juniper Networks, Inc.

     64,956        2,407,270  

Motorola Solutions, Inc.

     10,988        3,900,520  
     

 

 

 
Total Communications Equipment

 

     13,894,248  
Construction & Engineering – 0.6%

 

Comfort Systems USA, Inc.

     1,960        622,712  

EMCOR Group, Inc.

     2,910        1,019,082  
     

 

 

 
Total Construction & Engineering

 

     1,641,794  
Consumer Finance – 0.4%

 

American Express Co.

     4,854        1,105,207  
Consumer Staples Distribution & Retail – 2.1%

 

Albertsons Cos., Inc., Class A

     51,753        1,109,584  

Casey’s General Stores, Inc.

     3,095        985,603  

Kroger Co.

     20,605        1,177,164  

Sysco Corp.

     12,422        1,008,418  

U.S. Foods Holding Corp.*

     16,831        908,369  

Walmart, Inc.

     16,611        999,484  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     6,188,622  
Containers & Packaging – 0.9%

 

Graphic Packaging Holding Co.

     48,673        1,420,278  

Packaging Corp. of America

     6,654        1,262,796  
     

 

 

 
Total Containers & Packaging

 

     2,683,074  
Diversified Consumer Services – 0.6%

 

H&R Block, Inc.

     33,519        1,646,118  
Diversified Telecommunication Services – 0.8%

 

AT&T, Inc.

     141,624        2,492,582  
Electric Utilities – 1.5%

 

Entergy Corp.

     10,593        1,119,468  

NRG Energy, Inc.

     14,513        982,385  

OGE Energy Corp.

     30,850        1,058,155  

Pinnacle West Capital Corp.

     14,729        1,100,698  
     

 

 

 
Total Electric Utilities

 

     4,260,706  
Electrical Equipment – 0.3%

 

Acuity Brands, Inc.

     3,145        845,156  
Electronic Equipment, Instruments & Components – 2.9%

 

Jabil, Inc.

     13,094        1,753,941  

TD SYNNEX Corp.

     31,409        3,552,358  

Vontier Corp.

     69,342        3,145,353  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     8,451,652  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2024

 

 

 

Investments    Shares      Value  
Entertainment – 2.5%

 

Electronic Arts, Inc.

     23,391      $ 3,103,284  

Netflix, Inc.*

     2,732        1,659,226  

Walt Disney Co.

     20,178        2,468,980  
     

 

 

 
Total Entertainment

 

     7,231,490  
Financial Services – 1.2%

 

Apollo Global Management, Inc.

     7,635        858,556  

Berkshire Hathaway, Inc., Class B*

     3,389        1,425,142  

Fiserv, Inc.*

     8,352        1,334,817  
     

 

 

 
Total Financial Services

 

     3,618,515  
Food Products – 1.7%

 

Conagra Brands, Inc.

     33,597        995,815  

General Mills, Inc.

     15,111        1,057,317  

Ingredion, Inc.

     8,819        1,030,500  

Kraft Heinz Co.

     28,351        1,046,152  

Post Holdings, Inc.*

     9,305        988,935  
     

 

 

 
Total Food Products

 

     5,118,719  
Health Care Equipment & Supplies – 1.5%

 

Boston Scientific Corp.*

     16,429        1,125,222  

Hologic, Inc.*

     14,623        1,140,009  

Stryker Corp.

     2,903        1,038,897  

Zimmer Biomet Holdings, Inc.

     8,520        1,124,469  
     

 

 

 
Total Health Care Equipment & Supplies

 

     4,428,597  
Health Care Providers & Services – 5.7%

 

Cardinal Health, Inc.

     9,963        1,114,860  

Cencora, Inc.

     5,365        1,303,641  

Centene Corp.*

     12,703        996,931  

Chemed Corp.

     1,681        1,079,084  

Cigna Group

     2,159        784,127  

CVS Health Corp.

     11,992        956,482  

DaVita, Inc.*

     4,779        659,741  

Elevance Health, Inc.

     2,049        1,062,489  

Encompass Health Corp.

     14,394        1,188,657  

HCA Healthcare, Inc.

     3,110        1,037,278  

Laboratory Corp. of America Holdings

     5,047        1,102,568  

McKesson Corp.

     2,017        1,082,827  

Molina Healthcare, Inc.*

     2,427        997,084  

Quest Diagnostics, Inc.

     9,176        1,221,417  

UnitedHealth Group, Inc.

     2,410        1,192,227  

Universal Health Services, Inc., Class B

     4,793        874,531  
     

 

 

 
Total Health Care Providers & Services

 

     16,653,944  
Hotel & Resort REITs – 1.5%

 

Host Hotels & Resorts, Inc.

     107,504        2,223,183  

Ryman Hospitality Properties, Inc.

     19,032        2,200,289  
     

 

 

 
Total Hotel & Resort REITs

 

     4,423,472  
Hotels, Restaurants & Leisure – 3.4%

 

Aramark

     44,874        1,459,302  

Chipotle Mexican Grill, Inc.*

     560        1,627,791  

Darden Restaurants, Inc.

     10,953        1,830,794  

Domino’s Pizza, Inc.

     2,962        1,471,758  

Expedia Group, Inc.*

     6,525        898,819  

Texas Roadhouse, Inc.

     10,640      1,643,561  

Wingstop, Inc.

     3,142        1,151,229  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     10,083,254  
Household Durables – 0.5%

 

PulteGroup, Inc.

     11,724        1,414,149  
Household Products – 1.1%

 

Colgate-Palmolive Co.

     12,352        1,112,297  

Kimberly-Clark Corp.

     8,728        1,128,967  

Procter & Gamble Co.

     6,424        1,042,294  
     

 

 

 
Total Household Products

 

     3,283,558  
Independent Power & Renewable Electricity Producers – 0.3%

 

Vistra Corp.

     13,606        947,658  
Insurance – 8.0%

 

Aflac, Inc.

     14,700        1,262,142  

American Financial Group, Inc.

     9,073        1,238,283  

Assurant, Inc.

     5,950        1,120,028  

Brown & Brown, Inc.

     14,889        1,303,383  

CNA Financial Corp.

     28,115        1,276,983  

Erie Indemnity Co., Class A

     2,042        820,006  

Globe Life, Inc.

     10,989        1,278,790  

Hartford Financial Services Group, Inc.

     13,683        1,410,033  

Loews Corp.

     18,833        1,474,436  

Markel Group, Inc.*

     811        1,233,920  

Marsh & McLennan Cos., Inc.

     6,622        1,364,000  

Old Republic International Corp.

     42,370        1,301,606  

Progressive Corp.

     5,025        1,039,271  

Reinsurance Group of America, Inc.

     6,610        1,274,937  

RLI Corp.

     7,150        1,061,560  

Selective Insurance Group, Inc.

     10,743        1,172,813  

Travelers Cos., Inc.

     5,868        1,350,462  

Unum Group

     18,402        987,451  

WR Berkley Corp.

     14,690        1,299,184  
     

 

 

 
Total Insurance

 

     23,269,288  
IT Services – 7.4%

 

Akamai Technologies, Inc.*

     31,343        3,408,865  

Cognizant Technology Solutions Corp., Class A

     43,897        3,217,211  

Gartner, Inc.*

     6,542        3,118,375  

GoDaddy, Inc., Class A*

     31,409        3,727,620  

International Business Machines Corp.

     21,435        4,093,228  

VeriSign, Inc.*

     20,896        3,960,001  
     

 

 

 
Total IT Services

 

     21,525,300  
Life Sciences Tools & Services – 0.5%

 

Agilent Technologies, Inc.

     5,774        840,175  

Medpace Holdings, Inc.*

     1,349        545,198  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,385,373  
Machinery – 1.4%

 

Allison Transmission Holdings, Inc.

     10,456        848,609  

Donaldson Co., Inc.

     14,466        1,080,321  

PACCAR, Inc.

     9,669        1,197,892  

Snap-on, Inc.

     3,621        1,072,613  
     

 

 

 
Total Machinery

 

     4,199,435  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Schedule of Investments (continued)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2024

 

 

 

Investments    Shares      Value  
Media – 4.5%

 

Comcast Corp., Class A

     64,228      $ 2,784,284  

Fox Corp., Class A

     89,305        2,792,567  

Liberty Media Corp.-Liberty SiriusXM, Class C*

     67,752        2,012,912  

New York Times Co., Class A

     58,450        2,526,209  

Omnicom Group, Inc.

     30,033        2,905,993  
     

 

 

 
Total Media

 

     13,021,965  
Metals & Mining – 0.7%

 

Reliance, Inc.

     3,276        1,094,774  

Steel Dynamics, Inc.

     6,288        932,070  
     

 

 

 
Total Metals & Mining

 

     2,026,844  
Multi-Utilities – 0.4%

 

Consolidated Edison, Inc.

     12,077        1,096,712  
Oil, Gas & Consumable Fuels – 4.0%

 

APA Corp.

     25,253        868,198  

Chord Energy Corp.

     6,168        1,099,384  

Diamondback Energy, Inc.

     5,726        1,134,722  

EOG Resources, Inc.

     8,593        1,098,529  

Exxon Mobil Corp.

     11,171        1,298,517  

HF Sinclair Corp.

     16,082        970,870  

Marathon Petroleum Corp.

     6,312        1,271,868  

Ovintiv, Inc.

     14,667        761,217  

Phillips 66

     7,944        1,297,573  

Southwestern Energy Co.*

     106,758        809,226  

Valero Energy Corp.

     6,950        1,186,296  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     11,796,400  
Pharmaceuticals – 1.5%

 

Bristol-Myers Squibb Co.

     22,338        1,211,390  

Johnson & Johnson

     8,137        1,287,192  

Merck & Co., Inc.

     9,222        1,216,843  

Viatris, Inc.

     63,951        763,575  
     

 

 

 
Total Pharmaceuticals

 

     4,479,000  
Professional Services – 3.1%

 

Broadridge Financial Solutions, Inc.

     5,522        1,131,237  

CACI International, Inc., Class A*

     3,070        1,163,008  

FTI Consulting, Inc.*

     3,086        648,955  

Jacobs Solutions, Inc.

     6,983        1,073,497  

Leidos Holdings, Inc.

     7,766        1,018,045  

Parsons Corp.*

     12,350        1,024,433  

Science Applications International Corp.

     7,632        995,136  

TriNet Group, Inc.

     6,464        856,415  

Verisk Analytics, Inc.

     4,685        1,104,395  
     

 

 

 
Total Professional Services

 

     9,015,121  
Retail REITs – 0.8%

 

Simon Property Group, Inc.

     14,799        2,315,895  
Semiconductors & Semiconductor Equipment – 0.5%

 

ON Semiconductor Corp.*

     19,782        1,454,966  
Software – 10.7%

 

AppLovin Corp., Class A*

     28,526        1,974,570  

DocuSign, Inc.*

     32,489        1,934,720  

Dolby Laboratories, Inc., Class A

     36,987        3,098,401  

Dropbox, Inc., Class A*

     91,377      2,220,461  

Fair Isaac Corp.*

     2,261        2,825,368  

Fortinet, Inc.*

     26,828        1,832,621  

Gen Digital, Inc.

     102,556        2,297,254  

Manhattan Associates, Inc.*

     11,018        2,757,034  

Nutanix, Inc., Class A*

     29,742        1,835,676  

Palo Alto Networks, Inc.*

     5,295        1,504,468  

Qualys, Inc.*

     14,293        2,385,073  

Roper Technologies, Inc.

     7,022        3,938,219  

Salesforce, Inc.

     9,080        2,734,715  
     

 

 

 
Total Software

 

     31,338,580  
Specialty Retail – 3.5%

 

Abercrombie & Fitch Co., Class A*

     7,068        885,832  

AutoZone, Inc.*

     518        1,632,555  

Dick’s Sporting Goods, Inc.

     5,088        1,144,088  

Murphy USA, Inc.

     4,452        1,866,278  

TJX Cos., Inc.

     19,070        1,934,079  

Ulta Beauty, Inc.*

     2,454        1,283,148  

Williams-Sonoma, Inc.

     4,373        1,388,559  
     

 

 

 
Total Specialty Retail

 

     10,134,539  
Technology Hardware, Storage & Peripherals – 2.7%

 

Dell Technologies, Inc., Class C

     16,463        1,878,593  

HP, Inc.

     102,873        3,108,822  

NetApp, Inc.

     27,376        2,873,659  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     7,861,074  
Textiles, Apparel & Luxury Goods – 1.2%

 

Deckers Outdoor Corp.*

     1,123        1,057,035  

Ralph Lauren Corp.

     6,467        1,214,244  

Skechers USA, Inc., Class A*

     20,264        1,241,373  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     3,512,652  
Tobacco – 0.4%

 

Altria Group, Inc.

     24,859        1,084,350  
Trading Companies & Distributors – 0.7%

 

Applied Industrial Technologies, Inc.

     5,052        998,023  

Core & Main, Inc., Class A*

     18,082        1,035,194  
     

 

 

 
Total Trading Companies & Distributors

 

     2,033,217  
Wireless Telecommunication Services – 1.1%

 

T-Mobile U.S., Inc.

     19,415        3,168,916  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $251,306,589)

 

     291,515,945  

Other Assets less Liabilities – 0.1%

 

     414,095  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 291,930,040  

 

* 

Non-income producing security.

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2024

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 291,515,945      $      $      $ 291,515,945  

Total Investments in Securities

   $ 291,515,945      $      $      $ 291,515,945  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Schedule of Investments

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.9%

 

Aerospace & Defense – 2.0%

 

BWX Technologies, Inc.

     34,578      $ 3,548,394  

Curtiss-Wright Corp.

     9,435        2,414,794  

General Dynamics Corp.

     218,028        61,590,730  

HEICO Corp.

     13,300        2,540,300  

HEICO Corp., Class A

     11,202        1,724,436  

Hexcel Corp.

     22,347        1,627,979  

Howmet Aerospace, Inc.

     72,304        4,947,763  

Huntington Ingalls Industries, Inc.

     30,498        8,889,252  

Lockheed Martin Corp.

     272,355        123,886,119  

Moog, Inc., Class A

     4,389        700,704  

Northrop Grumman Corp.

     89,840        43,002,814  

Woodward, Inc.

     13,218        2,037,158  
     

 

 

 
Total Aerospace & Defense

 

     256,910,443  
Air Freight & Logistics – 1.9%

 

CH Robinson Worldwide, Inc.

     132,972        10,124,488  

Expeditors International of Washington, Inc.

     62,531        7,601,894  

FedEx Corp.

     176,960        51,272,390  

United Parcel Service, Inc., Class B

     1,125,115        167,225,843  
     

 

 

 
Total Air Freight & Logistics

 

     236,224,615  
Automobile Components – 0.1%

 

BorgWarner, Inc.

     120,224        4,176,582  

Gentex Corp.

     125,581        4,535,986  

Lear Corp.

     41,787        6,054,100  
     

 

 

 
Total Automobile Components

 

     14,766,668  
Automobiles – 0.0%

 

Thor Industries, Inc.

     33,849        3,971,842  
Banks – 0.1%

 

Western Alliance Bancorp

     95,875        6,154,216  
Beverages – 5.2%

 

Brown-Forman Corp., Class A

     88,500        4,686,075  

Brown-Forman Corp., Class B

     191,401        9,880,119  

Coca-Cola Co.

     5,315,132        325,179,776  

Coca-Cola Consolidated, Inc.

     1,151        974,218  

Constellation Brands, Inc., Class A

     102,982        27,986,388  

PepsiCo, Inc.

     1,629,668        285,208,197  
     

 

 

 
Total Beverages

 

     653,914,773  
Biotechnology – 6.3%

 

AbbVie, Inc.

     2,697,608        491,234,417  

Amgen, Inc.

     648,337        184,335,176  

Gilead Sciences, Inc.

     1,765,186        129,299,874  
     

 

 

 
Total Biotechnology

 

     804,869,467  
Broadline Retail – 0.2%

 

eBay, Inc.

     460,252        24,292,101  
Building Products – 0.6%

 

AAON, Inc.

     16,931        1,491,621  

Advanced Drainage Systems, Inc.

     16,687        2,874,169  

AO Smith Corp.

     77,067        6,894,414  

Armstrong World Industries, Inc.

     15,132        1,879,697  

Carlisle Cos., Inc.

     20,816      8,156,750  

Carrier Global Corp.

     431,709        25,095,244  

Fortune Brands Innovations, Inc.

     51,939        4,397,675  

Lennox International, Inc.

     14,036        6,860,235  

Masco Corp.

     144,839        11,424,900  

UFP Industries, Inc.

     14,888        1,831,373  

Zurn Elkay Water Solutions Corp.

     53,040        1,775,249  
     

 

 

 
Total Building Products

 

     72,681,327  
Capital Markets – 5.6%

 

Affiliated Managers Group, Inc.

     8,147        1,364,378  

Ameriprise Financial, Inc.

     58,464        25,632,956  

Charles Schwab Corp.

     1,039,472        75,195,404  

Evercore, Inc., Class A

     27,641        5,323,380  

FactSet Research Systems, Inc.

     12,419        5,643,069  

Franklin Resources, Inc.

     796,459        22,388,462  

Goldman Sachs Group, Inc.

     413,549        172,735,282  

Hamilton Lane, Inc., Class A

     15,630        1,762,439  

Houlihan Lokey, Inc.

     36,046        4,620,737  

Jefferies Financial Group, Inc.

     245,614        10,831,577  

KKR & Co., Inc.

     282,525        28,416,365  

LPL Financial Holdings, Inc.

     15,465        4,085,853  

MarketAxess Holdings, Inc.

     15,148        3,321,199  

Moody’s Corp.

     53,252        20,929,634  

Morgan Stanley

     2,643,014        248,866,198  

Morningstar, Inc.

     8,947        2,758,986  

MSCI, Inc.

     31,290        17,536,481  

S&P Global, Inc.

     105,393        44,839,452  

SEI Investments Co.

     55,329        3,978,155  

Stifel Financial Corp.

     89,339        6,983,630  
     

 

 

 
Total Capital Markets

 

     707,213,637  
Chemicals – 1.7%

 

Air Products & Chemicals, Inc.

     213,289        51,673,526  

Ashland, Inc.

     34,974        3,405,418  

Cabot Corp.

     38,662        3,564,636  

Celanese Corp.

     81,251        13,963,797  

DuPont de Nemours, Inc.

     336,637        25,809,959  

Eastman Chemical Co.

     167,977        16,834,655  

Ecolab, Inc.

     116,380        26,872,142  

HB Fuller Co.

     10,539        840,380  

NewMarket Corp.

     4,355        2,763,770  

Olin Corp.

     72,275        4,249,770  

PPG Industries, Inc.

     157,073        22,759,878  

RPM International, Inc.

     83,056        9,879,511  

Sherwin-Williams Co.

     81,020        28,140,677  

Westlake Corp.

     70,901        10,833,673  
     

 

 

 
Total Chemicals

 

     221,591,792  
Commercial Services & Supplies – 1.0%

 

Cintas Corp.

     36,745        25,244,917  

Republic Services, Inc.

     156,754        30,008,986  

Rollins, Inc.

     259,444        12,004,474  

Tetra Tech, Inc.

     11,256        2,079,096  

Waste Management, Inc.

     251,706        53,651,134  
     

 

 

 
Total Commercial Services & Supplies

 

     122,988,607  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

March 31, 2024

 

 

 

Investments    Shares      Value  
Communications Equipment – 2.2%

 

Cisco Systems, Inc.

     5,069,347      $ 253,011,109  

Motorola Solutions, Inc.

     75,744        26,887,605  
     

 

 

 
Total Communications Equipment

 

     279,898,714  
Construction & Engineering – 0.1%

 

Comfort Systems USA, Inc.

     7,601        2,414,914  

Quanta Services, Inc.

     23,368        6,071,006  
     

 

 

 
Total Construction & Engineering

 

     8,485,920  
Construction Materials – 0.2%

 

Eagle Materials, Inc.

     9,581        2,603,637  

Martin Marietta Materials, Inc.

     14,741        9,050,089  

Vulcan Materials Co.

     37,311        10,182,918  
     

 

 

 
Total Construction Materials

 

     21,836,644  
Consumer Finance – 1.7%

 

Ally Financial, Inc.

     421,406        17,104,870  

American Express Co.

     388,930        88,555,472  

Capital One Financial Corp.

     296,090        44,084,840  

Discover Financial Services

     256,706        33,651,589  

FirstCash Holdings, Inc.

     18,161        2,316,254  

OneMain Holdings, Inc.

     189,862        9,700,050  

Synchrony Financial

     445,753        19,220,869  
     

 

 

 
Total Consumer Finance

 

     214,633,944  
Consumer Staples Distribution & Retail – 1.7%

 

Casey’s General Stores, Inc.

     7,891        2,512,889  

Costco Wholesale Corp.

     109,570        80,274,269  

Sysco Corp.

     526,728        42,759,779  

Target Corp.

     522,280        92,553,239  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     218,100,176  
Containers & Packaging – 0.2%

 

Avery Dennison Corp.

     46,189        10,311,694  

Ball Corp.

     160,493        10,810,809  

Berry Global Group, Inc.

     64,602        3,907,129  

Sealed Air Corp.

     103,679        3,856,859  
     

 

 

 
Total Containers & Packaging

 

     28,886,491  
Distributors – 0.3%

 

Genuine Parts Co.

     146,416        22,684,231  

LKQ Corp.

     258,899        13,827,795  

Pool Corp.

     16,098        6,495,543  
     

 

 

 
Total Distributors

 

     43,007,569  
Electric Utilities – 0.1%

 

NRG Energy, Inc.

     248,267        16,805,193  
Electrical Equipment – 0.3%

 

Hubbell, Inc.

     31,441        13,049,587  

Rockwell Automation, Inc.

     73,233        21,334,970  

Vertiv Holdings Co.

     65,599        5,357,470  
     

 

 

 
Total Electrical Equipment

 

     39,742,027  
Electronic Equipment, Instruments & Components – 0.4%

 

Amphenol Corp., Class A

     217,224        25,056,788  

Avnet, Inc.

     81,679        4,049,645  

Badger Meter, Inc.

     2,427        392,713  

CDW Corp.

     56,984        14,575,368  

Jabil, Inc.

     25,600      3,429,120  

Littelfuse, Inc.

     5,314        1,287,848  

Vontier Corp.

     42,159        1,912,332  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     50,703,814  
Energy Equipment & Services – 0.4%

 

Baker Hughes Co.

     880,365        29,492,227  

ChampionX Corp.

     64,212        2,304,569  

Halliburton Co.

     569,752        22,459,624  
     

 

 

 
Total Energy Equipment & Services

 

     54,256,420  
Entertainment – 0.0%

 

TKO Group Holdings, Inc.

     21,450        1,853,495  
Financial Services – 2.1%

 

Equitable Holdings, Inc.

     345,261        13,123,371  

Jack Henry & Associates, Inc.

     34,253        5,950,774  

Mastercard, Inc., Class A

     202,460        97,498,662  

PennyMac Financial Services, Inc.

     14,319        1,304,318  

Visa, Inc., Class A

     511,607        142,779,281  

Voya Financial, Inc.

     82,345        6,086,942  
     

 

 

 
Total Financial Services

 

     266,743,348  
Food Products – 0.3%

 

Hershey Co.

     136,822        26,611,879  

Lamb Weston Holdings, Inc.

     52,888        5,634,159  
     

 

 

 
Total Food Products

 

     32,246,038  
Gas Utilities – 0.1%

 

National Fuel Gas Co.

     110,478        5,934,878  
Ground Transportation – 1.9%

 

CSX Corp.

     983,120        36,444,259  

JB Hunt Transport Services, Inc.

     31,063        6,189,303  

Landstar System, Inc.

     21,340        4,113,498  

Norfolk Southern Corp.

     206,975        52,751,718  

Old Dominion Freight Line, Inc.

     38,263        8,391,459  

Schneider National, Inc., Class B

     60,522        1,370,218  

Union Pacific Corp.

     529,241        130,156,239  
     

 

 

 
Total Ground Transportation

 

     239,416,694  
Health Care Equipment & Supplies – 1.7%

 

Abbott Laboratories

     1,292,482        146,903,504  

ResMed, Inc.

     55,358        10,962,545  

Stryker Corp.

     148,252        53,054,943  
     

 

 

 
Total Health Care Equipment & Supplies

 

     210,920,992  
Health Care Providers & Services – 3.6%

 

Chemed Corp.

     2,870        1,842,339  

Cigna Group

     215,988        78,444,682  

Elevance Health, Inc.

     107,240        55,608,230  

Encompass Health Corp.

     33,985        2,806,481  

HCA Healthcare, Inc.

     95,021        31,692,354  

Humana, Inc.

     35,601        12,343,579  

Laboratory Corp. of America Holdings

     39,000        8,519,940  

McKesson Corp.

     26,342        14,141,703  

UnitedHealth Group, Inc.

     491,302        243,047,099  

Universal Health Services, Inc., Class B

     13,372        2,439,855  
     

 

 

 
Total Health Care Providers & Services

 

     450,886,262  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Schedule of Investments (continued)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

March 31, 2024

 

 

 

Investments    Shares      Value  
Hotels, Restaurants & Leisure – 3.5%

 

Aramark

     103,324      $ 3,360,096  

Boyd Gaming Corp.

     42,300        2,847,636  

Churchill Downs, Inc.

     15,468        1,914,165  

Darden Restaurants, Inc.

     145,611        24,338,879  

Domino’s Pizza, Inc.

     15,087        7,496,428  

Hilton Worldwide Holdings, Inc.

     49,245        10,504,451  

Hyatt Hotels Corp., Class A

     10,176        1,624,293  

Las Vegas Sands Corp.

     540,889        27,963,961  

Marriott International, Inc., Class A

     119,203        30,076,109  

McDonald’s Corp.

     659,402        185,918,394  

Starbucks Corp.

     1,121,182        102,464,823  

Texas Roadhouse, Inc.

     47,192        7,289,748  

Wendy’s Co.

     348,650        6,568,566  

Wyndham Hotels & Resorts, Inc.

     43,633        3,348,833  

Yum! Brands, Inc.

     207,844        28,817,571  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     444,533,953  
Household Durables – 0.4%

 

DR Horton, Inc.

     115,738        19,044,688  

Installed Building Products, Inc.

     6,864        1,775,923  

Lennar Corp., Class A

     106,384        18,295,920  

Lennar Corp., Class B

     9,227        1,422,619  

PulteGroup, Inc.

     67,530        8,145,468  
     

 

 

 
Total Household Durables

 

     48,684,618  
Household Products – 4.0%

 

Colgate-Palmolive Co.

     772,056        69,523,643  

Kimberly-Clark Corp.

     476,740        61,666,319  

Procter & Gamble Co.

     2,301,760        373,460,560  

Reynolds Consumer Products, Inc.

     270,626        7,729,078  
     

 

 

 
Total Household Products

 

     512,379,600  
Independent Power & Renewable Electricity Producers – 0.0%

 

Ormat Technologies, Inc.

     24,997        1,654,551  
Industrial Conglomerates – 1.1%

 

General Electric Co.

     187,813        32,966,816  

Honeywell International, Inc.

     547,439        112,361,855  
     

 

 

 
Total Industrial Conglomerates

 

     145,328,671  
Insurance – 2.4%

 

American International Group, Inc.

     580,090        45,345,635  

Arthur J Gallagher & Co.

     72,391        18,100,646  

Erie Indemnity Co., Class A

     25,790        10,356,490  

Fidelity National Financial, Inc.

     422,208        22,419,245  

First American Financial Corp.

     135,647        8,281,249  

Hartford Financial Services Group, Inc.

     268,883        27,708,393  

Kinsale Capital Group, Inc.

     3,278        1,720,098  

Marsh & McLennan Cos., Inc.

     272,061        56,039,125  

Primerica, Inc.

     15,663        3,962,113  

Principal Financial Group, Inc.

     329,185        28,411,957  

Progressive Corp.

     104,927        21,701,002  

RLI Corp.

     31,736        4,711,844  

Selective Insurance Group, Inc.

     23,438        2,558,726  

Travelers Cos., Inc.

     186,759        42,980,716  

WR Berkley Corp.

     175,297        15,503,267  
     

 

 

 
Total Insurance

 

     309,800,506  
Interactive Media & Services – 1.4%

 

Meta Platforms, Inc., Class A

     362,175      175,864,937  
Life Sciences Tools & Services – 0.2%

 

Agilent Technologies, Inc.

     77,904        11,335,811  

Bio-Techne Corp.

     21,882        1,540,274  

Bruker Corp.

     18,942        1,779,411  

West Pharmaceutical Services, Inc.

     13,694        5,418,853  
     

 

 

 
Total Life Sciences Tools & Services

 

     20,074,349  
Machinery – 1.5%

 

Allison Transmission Holdings, Inc.

     45,078        3,658,530  

Donaldson Co., Inc.

     63,348        4,730,829  

Dover Corp.

     74,592        13,216,956  

Federal Signal Corp.

     7,651        649,340  

Flowserve Corp.

     97,729        4,464,261  

Graco, Inc.

     69,098        6,457,899  

Illinois Tool Works, Inc.

     264,811        71,056,736  

ITT, Inc.

     29,194        3,971,260  

Lincoln Electric Holdings, Inc.

     30,561        7,806,502  

Nordson Corp.

     23,440        6,435,218  

Otis Worldwide Corp.

     245,364        24,357,284  

Parker-Hannifin Corp.

     66,101        36,738,275  

Toro Co.

     63,523        5,820,612  
     

 

 

 
Total Machinery

 

     189,363,702  
Media – 0.1%

 

Nexstar Media Group, Inc.

     49,310        8,495,620  
Metals & Mining – 0.0%

 

Alpha Metallurgical Resources, Inc.

     3,159        1,046,166  

Royal Gold, Inc.

     23,744        2,892,257  
     

 

 

 
Total Metals & Mining

 

     3,938,423  
Oil, Gas & Consumable Fuels – 3.3%

 

Civitas Resources, Inc.

     155,412        11,797,325  

ConocoPhillips

     943,797        120,126,482  

Diamondback Energy, Inc.

     150,985        29,920,697  

EOG Resources, Inc.

     938,924        120,032,044  

EQT Corp.

     195,086        7,231,838  

Equitrans Midstream Corp.

     636,439        7,949,123  

Hess Corp.

     144,923        22,121,047  

Magnolia Oil & Gas Corp., Class A(a)

     151,472        3,930,698  

Marathon Oil Corp.

     410,159        11,623,906  

Matador Resources Co.

     60,781        4,058,347  

Murphy Oil Corp.

     126,335        5,773,509  

New Fortress Energy, Inc.(a)

     59,128        1,808,725  

Occidental Petroleum Corp.

     430,945        28,007,116  

Ovintiv, Inc.

     277,642        14,409,620  

Permian Resources Corp.

     248,650        4,391,159  

Range Resources Corp.

     78,999        2,719,936  

SM Energy Co.

     67,035        3,341,695  

Targa Resources Corp.

     180,911        20,260,223  

Texas Pacific Land Corp.

     6,403        3,704,200  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     423,207,690  
Paper & Forest Products – 0.0%

 

Louisiana-Pacific Corp.

     28,532        2,394,120  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

March 31, 2024

 

 

 

Investments    Shares      Value  
Personal Care Products – 0.0%

 

Inter Parfums, Inc.

     17,915      $ 2,517,237  
Pharmaceuticals – 5.4%

 

Eli Lilly & Co.

     275,739        214,513,913  

Johnson & Johnson

     2,816,186        445,492,463  

Zoetis, Inc.

     159,535        26,994,917  
     

 

 

 
Total Pharmaceuticals

 

     687,001,293  
Professional Services – 1.7%

 

Automatic Data Processing, Inc.

     393,785        98,343,866  

Booz Allen Hamilton Holding Corp.

     70,804        10,510,146  

Broadridge Financial Solutions, Inc.

     73,354        15,027,300  

Concentrix Corp.

     30,683        2,031,828  

Equifax, Inc.

     31,514        8,430,625  

Exponent, Inc.

     17,085        1,412,759  

Insperity, Inc.

     18,279        2,003,561  

ManpowerGroup, Inc.

     68,946        5,352,967  

Maximus, Inc.

     27,024        2,267,314  

Paychex, Inc.

     399,710        49,084,388  

Paycom Software, Inc.

     17,664        3,515,313  

Robert Half, Inc.

     81,033        6,424,296  

SS&C Technologies Holdings, Inc.

     151,989        9,783,532  

Verisk Analytics, Inc.

     30,963        7,298,908  
     

 

 

 
Total Professional Services

 

     221,486,803  
Semiconductors & Semiconductor Equipment – 11.2%

 

Amkor Technology, Inc.

     83,686        2,698,037  

Analog Devices, Inc.

     356,703        70,552,286  

Applied Materials, Inc.

     270,915        55,870,801  

Broadcom, Inc.

     345,480        457,902,647  

KLA Corp.

     54,140        37,820,580  

Lam Research Corp.

     56,033        54,439,982  

Monolithic Power Systems, Inc.

     11,628        7,877,040  

NVIDIA Corp.

     396,534        358,292,261  

Power Integrations, Inc.

     7,326        524,175  

QUALCOMM, Inc.

     949,734        160,789,966  

Skyworks Solutions, Inc.

     152,773        16,548,371  

Teradyne, Inc.

     23,687        2,672,604  

Texas Instruments, Inc.

     1,116,970        194,587,344  

Universal Display Corp.

     13,523        2,277,949  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     1,422,854,043  
Software – 9.7%

 

Bentley Systems, Inc., Class B

     42,776        2,233,763  

Dolby Laboratories, Inc., Class A

     23,351        1,956,113  

Gen Digital, Inc.

     486,909        10,906,761  

Intuit, Inc.

     69,312        45,052,800  

Microsoft Corp.

     2,361,861        993,682,160  

Oracle Corp.

     1,445,116        181,521,021  
     

 

 

 
Total Software

 

     1,235,352,618  
Specialized REITs – 0.3%

 

SBA Communications Corp.

     53,798        11,658,026  

Weyerhaeuser Co.

     666,048        23,917,784  
     

 

 

 
Total Specialized REITs

 

     35,575,810  
Specialty Retail – 4.4%

 

Academy Sports & Outdoors, Inc.

     14,527      981,153  

American Eagle Outfitters, Inc.

     127,060        3,276,877  

Best Buy Co., Inc.

     346,328        28,409,286  

Dick’s Sporting Goods, Inc.

     64,788        14,568,230  

Home Depot, Inc.

     1,015,092        389,389,291  

Murphy USA, Inc.

     3,670        1,538,464  

Ross Stores, Inc.

     131,018        19,228,202  

TJX Cos., Inc.

     689,077        69,886,189  

Tractor Supply Co.(a)

     81,664        21,373,102  

Williams-Sonoma, Inc.

     42,971        13,644,582  
     

 

 

 
Total Specialty Retail

 

     562,295,376  
Technology Hardware, Storage & Peripherals – 4.8%

 

Apple, Inc.

     3,228,210        553,573,451  

HP, Inc.

     1,311,236        39,625,552  

NetApp, Inc.

     152,427        16,000,262  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     609,199,265  
Textiles, Apparel & Luxury Goods – 0.7%

 

Columbia Sportswear Co.(a)

     25,809        2,095,175  

NIKE, Inc., Class B

     647,323        60,835,415  

PVH Corp.

     11,742        1,651,043  

Ralph Lauren Corp.

     36,143        6,786,210  

Tapestry, Inc.

     363,919        17,278,874  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     88,646,717  
Trading Companies & Distributors – 0.8%

 

Applied Industrial Technologies, Inc.

     10,199        2,014,812  

Boise Cascade Co.

     7,966        1,221,745  

Fastenal Co.

     489,233        37,739,434  

MSC Industrial Direct Co., Inc., Class A

     50,062        4,858,016  

United Rentals, Inc.

     32,705        23,583,903  

Watsco, Inc.(a)

     28,378        12,258,445  

WESCO International, Inc.

     10,251        1,755,791  

WW Grainger, Inc.

     17,339        17,638,965  
     

 

 

 
Total Trading Companies & Distributors

 

     101,071,111  
Wireless Telecommunication Services – 1.0%

 

T-Mobile U.S., Inc.

     763,291        124,584,358  

TOTAL COMMON STOCKS

(Cost: $10,239,682,988)

 

 

     12,686,243,478  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%

 

United States – 0.0%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(b)

     
(Cost: $5,269,346)      5,269,346        5,269,346  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $10,244,952,334)

 

 

     12,691,512,824  

Other Assets less Liabilities – 0.1%

 

     10,074,355  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 12,701,587,179  
(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $25,456,706 and the total market value of the collateral held by the Fund was $26,061,116. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $20,791,770.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Schedule of Investments (concluded)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

March 31, 2024

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 12,686,243,478      $      $      $ 12,686,243,478  

Investment of Cash Collateral for Securities Loaned

            5,269,346               5,269,346  

Total Investments in Securities

   $ 12,686,243,478      $ 5,269,346      $      $ 12,691,512,824  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. Quality Growth Fund (QGRW)

March 31, 2024

 

 

 

Investments

   Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.5%

 

Aerospace & Defense – 0.4%

 

Axon Enterprise, Inc.*

     4,748      $ 1,485,554  
Automobiles – 2.6%

 

Tesla, Inc.*

     52,371        9,206,298  
Beverages – 0.5%

 

Monster Beverage Corp.*

     31,973        1,895,359  
Biotechnology – 1.3%

 

Incyte Corp.*

     3,687        210,049  

Moderna, Inc.*

     16,647        1,773,904  

Vertex Pharmaceuticals, Inc.*

     6,436        2,690,312  
     

 

 

 
Total Biotechnology

 

     4,674,265  
Broadline Retail – 5.6%

 

Amazon.com, Inc.*

     107,797        19,444,423  
Building Products – 0.2%

 

Builders FirstSource, Inc.*

     2,078        433,367  

Lennox International, Inc.

     647        316,228  
     

 

 

 
Total Building Products

 

     749,595  
Capital Markets – 2.7%

 

Blackstone, Inc.

     26,203        3,442,288  

FactSet Research Systems, Inc.

     2,487        1,130,068  

LPL Financial Holdings, Inc.

     1,332        351,914  

MSCI, Inc.

     2,860        1,602,887  

S&P Global, Inc.

     6,939        2,952,198  
     

 

 

 
Total Capital Markets

 

     9,479,355  
Chemicals – 0.6%

 

Celanese Corp.

     2,006        344,751  

CF Industries Holdings, Inc.

     3,387        281,832  

Dow, Inc.

     27,257        1,578,998  
     

 

 

 
Total Chemicals

 

     2,205,581  
Commercial Services & Supplies – 0.9%

 

Copart, Inc.*

     32,602        1,888,308  

Rollins, Inc.

     27,832        1,287,787  
     

 

 

 
Total Commercial Services & Supplies

 

     3,176,095  
Communications Equipment – 0.7%

 

Arista Networks, Inc.*

     8,821        2,557,914  
Distributors – 0.1%

 

Pool Corp.

     675        272,363  
Electrical Equipment – 0.1%

 

Vertiv Holdings Co.

     6,161        503,169  
Electronic Equipment, Instruments & Components – 0.4%

 

Keysight Technologies, Inc.*

     8,920        1,394,910  
Entertainment – 1.6%

 

Netflix, Inc.*

     8,861        5,381,551  

Roku, Inc.*

     1,341        87,393  
     

 

 

 
Total Entertainment

 

     5,468,944  
Financial Services – 5.7%

 

Block, Inc.*

     22,417        1,896,030  

Mastercard, Inc., Class A

     17,000      8,186,690  

Visa, Inc., Class A

     35,406        9,881,106  
     

 

 

 
Total Financial Services

 

     19,963,826  
Food Products – 0.1%

 

Lamb Weston Holdings, Inc.

     2,376        253,115  
Ground Transportation – 0.8%

 

JB Hunt Transport Services, Inc.

     6,077        1,210,842  

Old Dominion Freight Line, Inc.

     7,716        1,692,196  
     

 

 

 
Total Ground Transportation

 

     2,903,038  
Health Care Equipment & Supplies – 2.6%

 

Dexcom, Inc.*

     13,213        1,832,643  

Edwards Lifesciences Corp.*

     21,451        2,049,858  

IDEXX Laboratories, Inc.*

     2,794        1,508,564  

Insulet Corp.*

     1,242        212,879  

Intuitive Surgical, Inc.*

     8,432        3,365,127  
     

 

 

 
Total Health Care Equipment & Supplies

 

     8,969,071  
Health Care Providers & Services – 0.4%

 

Molina Healthcare, Inc.*

     3,150        1,294,115  
Health Care Technology – 0.5%

 

Veeva Systems, Inc., Class A*

     7,152        1,657,047  
Hotels, Restaurants & Leisure – 3.3%

 

Booking Holdings, Inc.

     806        2,924,071  

Chipotle Mexican Grill, Inc.*

     799        2,322,509  

Domino’s Pizza, Inc.

     643        319,494  

DoorDash, Inc., Class A*

     14,937        2,057,124  

Starbucks Corp.

     25,414        2,322,585  

Yum! Brands, Inc.

     11,324        1,570,073  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     11,515,856  
Household Durables – 0.6%

 

DR Horton, Inc.

     11,811        1,943,500  
Insurance – 0.1%

 

Erie Indemnity Co., Class A

     751        301,579  
Interactive Media & Services – 12.2%

 

Alphabet, Inc., Class A*

     134,370        20,280,464  

Meta Platforms, Inc., Class A

     43,813        21,274,716  

Pinterest, Inc., Class A*

     35,019        1,214,109  
     

 

 

 
Total Interactive Media & Services

 

     42,769,289  
IT Services – 0.8%

 

EPAM Systems, Inc.*

     1,010        278,922  

Gartner, Inc.*

     3,138        1,495,790  

GoDaddy, Inc., Class A*

     2,339        277,592  

VeriSign, Inc.*

     4,488        850,521  
     

 

 

 
Total IT Services

 

     2,902,825  
Life Sciences Tools & Services – 0.4%

 

West Pharmaceutical Services, Inc.

     3,689        1,459,774  
Media – 0.6%

 

Liberty Broadband Corp., Class C*

     3,131        179,187  

Trade Desk, Inc., Class A*

     20,097        1,756,880  
     

 

 

 
Total Media

 

     1,936,067  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Schedule of Investments (concluded)

WisdomTree U.S. Quality Growth Fund (QGRW)

March 31, 2024

 

 

 

Investments

   Shares      Value  
Metals & Mining – 0.4%

 

Steel Dynamics, Inc.

     9,891      $ 1,466,143  
Oil, Gas & Consumable Fuels – 2.0%

 

Coterra Energy, Inc.

     45,874        1,278,967  

Diamondback Energy, Inc.

     8,463        1,677,113  

Occidental Petroleum Corp.

     29,146        1,894,199  

Ovintiv, Inc.

     4,716        244,760  

Targa Resources Corp.

     13,280        1,487,227  

Texas Pacific Land Corp.

     423        244,710  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     6,826,976  
Pharmaceuticals – 0.6%

 

Zoetis, Inc.

     11,854        2,005,815  
Semiconductors & Semiconductor Equipment – 18.9%

 

Advanced Micro Devices, Inc.*

     33,012        5,958,336  

Applied Materials, Inc.

     19,411        4,003,131  

Broadcom, Inc.

     8,441        11,187,786  

Enphase Energy, Inc.*

     2,357        285,150  

Entegris, Inc.

     2,685        377,350  

KLA Corp.

     3,741        2,613,350  

Lam Research Corp.

     3,385        3,288,764  

Monolithic Power Systems, Inc.

     2,243        1,519,453  

NVIDIA Corp.

     35,805        32,351,966  

QUALCOMM, Inc.

     23,793        4,028,155  

Teradyne, Inc.

     2,670        301,256  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     65,914,697  
Software – 19.6%

 

Adobe, Inc.*

     8,619        4,349,147  

AppLovin Corp., Class A*

     6,114        423,211  

Atlassian Corp., Class A*

     8,570        1,672,093  

Bentley Systems, Inc., Class B

     5,101        266,374  

Cadence Design Systems, Inc.*

     7,604        2,366,973  

Crowdstrike Holdings, Inc., Class A*

     7,164        2,296,707  

Datadog, Inc., Class A*

     12,226        1,511,134  

Dynatrace, Inc.*

     5,123        237,912  

Fair Isaac Corp.*

     1,106      1,382,069  

Fortinet, Inc.*

     27,879        1,904,414  

HubSpot, Inc.*

     2,447        1,533,192  

Intuit, Inc.

     5,878        3,820,700  

Microsoft Corp.

     92,065        38,733,587  

Palo Alto Networks, Inc.*

     7,853        2,231,273  

ServiceNow, Inc.*

     4,440        3,385,056  

Synopsys, Inc.*

     4,034        2,305,431  
     

 

 

 
Total Software

 

     68,419,273  
Specialized REITs – 0.5%

 

Public Storage

     5,885        1,707,003  
Specialty Retail – 1.9%

 

AutoZone, Inc.*

     601        1,894,142  

O’Reilly Automotive, Inc.*

     1,782        2,011,664  

Tractor Supply Co.

     5,809        1,520,331  

Ulta Beauty, Inc.*

     2,501        1,307,723  
     

 

 

 
Total Specialty Retail

 

     6,733,860  
Technology Hardware, Storage & Peripherals – 9.3%

 

Apple, Inc.

     184,259        31,596,733  

Super Micro Computer, Inc.*

     986        995,890  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     32,592,623  
Textiles, Apparel & Luxury Goods – 0.5%

 

Deckers Outdoor Corp.*

     1,662        1,564,374  
Total United States

 

     347,613,691  
South Korea – 0.4%

 

Broadline Retail – 0.4%

 

Coupang, Inc.*      84,023        1,494,769  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $315,878,122)

 

 

     349,108,460  

Other Assets less Liabilities—0.1%

        224,099  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 349,332,559  
* 

Non-income producing security.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

  

Investments in Securities

     

Common Stocks

   $ 349,108,460      $      $      $ 349,108,460  

Total Investments in Securities

   $ 349,108,460      $      $      $ 349,108,460  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%

 

United States – 98.7%

 

Aerospace & Defense – 0.6%

 

Cadre Holdings, Inc.

     65,951      $ 2,387,426  

Kaman Corp.

     91,404        4,192,702  

National Presto Industries, Inc.

     35,423        2,968,447  

Park Aerospace Corp.

     107,738        1,791,683  
     

 

 

 
Total Aerospace & Defense

 

     11,340,258  
Air Freight & Logistics – 0.1%

 

Forward Air Corp.

     40,379        1,256,191  
Automobile Components – 1.4%

 

Dana, Inc.(a)

     350,006        4,445,076  

LCI Industries

     64,274        7,909,558  

Patrick Industries, Inc.(a)

     64,161        7,665,315  

Phinia, Inc.

     145,797        5,602,979  

Standard Motor Products, Inc.

     67,296        2,257,781  
     

 

 

 
Total Automobile Components

 

     27,880,709  
Automobiles – 0.2%

 

Winnebago Industries, Inc.

     51,969        3,845,706  
Banks – 17.2%

 

1st Source Corp.

     49,110        2,574,346  

Amalgamated Financial Corp.

     35,338        848,112  

Amerant Bancorp, Inc.(a)

     35,114        817,805  

Ameris Bancorp

     59,370        2,872,321  

Arrow Financial Corp.

     17,274        432,195  

Associated Banc-Corp.(a)

     401,439        8,634,953  

Atlantic Union Bankshares Corp.

     162,057        5,722,233  

Banc of California, Inc.

     256,080        3,894,977  

BancFirst Corp.

     48,245        4,247,007  

Bank First Corp.

     9,471        820,852  

Bank of Hawaii Corp.(a)

     94,976        5,925,553  

Bank of Marin Bancorp

     30,856        517,455  

Bank7 Corp.

     19,766        557,401  

BankUnited, Inc.

     151,282        4,235,896  

Banner Corp.

     65,517        3,144,816  

Bar Harbor Bankshares

     18,595        492,396  

Berkshire Hills Bancorp, Inc.

     74,150        1,699,518  

Brookline Bancorp, Inc.

     147,671        1,470,803  

Burke & Herbert Financial Services Corp.(a)

     16,709        936,205  

Byline Bancorp, Inc.

     51,285        1,113,910  

Cambridge Bancorp

     8,295        565,387  

Camden National Corp.

     17,167        575,438  

Capital Bancorp, Inc.

     15,470        322,240  

Capitol Federal Financial, Inc.

     419,148        2,498,122  

Cathay General Bancorp

     214,175        8,102,240  

Central Pacific Financial Corp.

     46,762        923,549  

Citizens & Northern Corp.

     29,510        554,198  

City Holding Co.

     33,847        3,527,534  

Civista Bancshares, Inc.

     34,429        529,518  

CNB Financial Corp.

     44,295        903,175  

Community Bank System, Inc.

     109,997        5,283,156  

Community Trust Bancorp, Inc.

     59,493        2,537,376  

ConnectOne Bancorp, Inc.

     55,079      1,074,040  

CVB Financial Corp.

     321,432        5,734,347  

Dime Community Bancshares, Inc.

     74,565        1,436,122  

Eagle Bancorp, Inc.

     110,036        2,584,746  

Eastern Bankshares, Inc.

     329,692        4,543,156  

Enterprise Financial Services Corp.

     42,733        1,733,250  

Equity Bancshares, Inc., Class A

     20,628        708,984  

Farmers National Banc Corp.

     48,783        651,741  

FB Financial Corp.

     44,870        1,689,804  

Fidelity D&D Bancorp, Inc.

     4,612        223,359  

Financial Institutions, Inc.

     71,580        1,347,136  

First Bancorp/Southern Pines NC

     55,372        2,000,037  

First Bancshares, Inc.

     53,762        1,395,124  

First Bank

     33,973        466,789  

First Busey Corp.

     120,228        2,891,483  

First Business Financial Services, Inc.

     9,413        352,988  

First Commonwealth Financial Corp.

     190,719        2,654,808  

First Community Bankshares, Inc.

     41,316        1,430,773  

First Financial Bancorp

     347,965        7,801,375  

First Financial Corp.

     38,648        1,481,378  

First Hawaiian, Inc.

     365,702        8,030,816  

First Internet Bancorp

     7,283        253,011  

First Interstate BancSystem, Inc., Class A

     420,711        11,447,546  

First Merchants Corp.

     140,106        4,889,699  

First Mid Bancshares, Inc.

     27,428        896,347  

First Northwest Bancorp

     8,500        133,025  

First of Long Island Corp.

     72,175        800,421  

Five Star Bancorp

     28,400        639,000  

Flushing Financial Corp.

     70,223        885,512  

FS Bancorp, Inc.

     12,493        433,632  

Fulton Financial Corp.

     383,348        6,091,400  

German American Bancorp, Inc.

     75,874        2,628,275  

Great Southern Bancorp, Inc.

     13,065        716,223  

Guaranty Bancshares, Inc.

     18,621        565,334  

Hancock Whitney Corp.

     129,355        5,955,504  

Hanmi Financial Corp.

     50,511        804,135  

HarborOne Bancorp, Inc.

     53,217        567,293  

HBT Financial, Inc.

     76,752        1,461,358  

Heartland Financial USA, Inc.

     52,680        1,851,702  

Heritage Commerce Corp.

     197,516        1,694,687  

Heritage Financial Corp.

     87,250        1,691,777  

Hilltop Holdings, Inc.

     63,195        1,979,267  

Hope Bancorp, Inc.

     359,384        4,136,510  

Horizon Bancorp, Inc.

     111,298        1,427,953  

Independent Bank Corp.

     128,688        5,636,831  

Independent Bank Group, Inc.

     79,801        3,642,916  

International Bancshares Corp.

     131,111        7,360,572  

Investar Holding Corp.

     21,924        358,677  

Kearny Financial Corp.

     161,272        1,038,592  

Lakeland Bancorp, Inc.

     159,606        1,931,233  

Lakeland Financial Corp.(a)

     36,228        2,402,641  

Live Oak Bancshares, Inc.

     38,001        1,577,422  

Macatawa Bank Corp.

     85,227        834,372  

Mercantile Bank Corp.

     39,262        1,511,194  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2024

 

 

 

Investments    Shares      Value  

Metrocity Bankshares, Inc.

     52,920      $ 1,320,883  

Middlefield Banc Corp.(a)

     10,289        245,701  

Midland States Bancorp, Inc.

     42,229        1,061,215  

National Bank Holdings Corp., Class A

     60,882        2,196,014  

NBT Bancorp, Inc.

     83,464        3,061,460  

Nicolet Bankshares, Inc.

     12,715        1,093,363  

Northeast Bank

     4,875        269,783  

Northeast Community Bancorp, Inc.

     19,015        299,106  

Northfield Bancorp, Inc.

     112,870        1,097,096  

Northrim BanCorp, Inc.

     15,129        764,166  

Northwest Bancshares, Inc.

     500,464        5,830,406  

OceanFirst Financial Corp.

     170,225        2,793,392  

Old Second Bancorp, Inc.

     48,964        677,662  

Orange County Bancorp, Inc.

     4,026        185,196  

Origin Bancorp, Inc.

     17,340        541,702  

Orrstown Financial Services, Inc.

     21,987        588,592  

Pacific Premier Bancorp, Inc.

     236,459        5,675,016  

Park National Corp.(a)

     30,699        4,170,459  

Pathward Financial, Inc.

     23,814        1,202,131  

Peapack-Gladstone Financial Corp.

     29,078        707,468  

Peoples Bancorp, Inc.(a)

     141,531        4,190,733  

Plumas Bancorp

     7,118        261,871  

Preferred Bank

     35,925        2,757,962  

Premier Financial Corp.

     103,222        2,095,407  

Primis Financial Corp.

     63,283        770,154  

Princeton Bancorp, Inc.

     8,137        250,457  

Provident Financial Services, Inc.

     266,861        3,888,165  

QCR Holdings, Inc.

     13,607        826,489  

Red River Bancshares, Inc.

     6,484        322,838  

Renasant Corp.

     89,020        2,788,106  

Republic Bancorp, Inc., Class A

     35,990        1,835,490  

S&T Bancorp, Inc.

     79,763        2,558,797  

Sandy Spring Bancorp, Inc.

     143,729        3,331,638  

Seacoast Banking Corp. of Florida

     126,012        3,199,445  

ServisFirst Bancshares, Inc.

     54,842        3,639,315  

Shore Bancshares, Inc.

     52,443        603,095  

Sierra Bancorp

     33,731        681,366  

Simmons First National Corp., Class A

     330,674        6,434,916  

SmartFinancial, Inc.

     28,016        590,297  

South Plains Financial, Inc.

     14,225        380,661  

Southern Missouri Bancorp, Inc.

     12,755        557,521  

Southern States Bancshares, Inc.

     10,630        275,530  

Southside Bancshares, Inc.

     62,385        1,823,514  

Stellar Bancorp, Inc.

     33,813        823,685  

Stock Yards Bancorp, Inc.

     36,445        1,782,525  

Summit Financial Group, Inc.

     26,309        714,552  

TFS Financial Corp.

     1,272,468        15,982,198  

Towne Bank

     143,250        4,019,595  

TriCo Bancshares

     42,251        1,553,992  

TrustCo Bank Corp.

     48,856        1,375,785  

Trustmark Corp.

     120,615        3,390,488  

UMB Financial Corp.

     50,840        4,422,572  

United Community Banks, Inc.

     234,085        6,161,117  

Unity Bancorp, Inc.

     6,052        167,035  

Veritex Holdings, Inc.

     114,675      2,349,691  

WaFd, Inc.

     110,424        3,205,609  

Washington Trust Bancorp, Inc.

     67,764        1,821,496  

WesBanco, Inc.

     169,693        5,058,548  

West BanCorp, Inc.

     31,935        569,401  

Westamerica BanCorp

     67,183        3,283,905  

WSFS Financial Corp.

     50,927        2,298,845  
     

 

 

 
Total Banks

 

     342,582,621  
Beverages – 0.1%

 

MGP Ingredients, Inc.

     18,911        1,628,804  
Broadline Retail – 1.4%

 

Kohl’s Corp.(a)

     598,715        17,452,542  

Nordstrom, Inc.(a)

     527,144        10,685,209  
     

 

 

 
Total Broadline Retail

 

     28,137,751  
Building Products – 1.0%

 

Apogee Enterprises, Inc.

     65,060        3,851,552  

AZZ, Inc.

     40,439        3,126,339  

CSW Industrials, Inc.

     13,381        3,139,183  

Griffon Corp.

     81,842        6,002,292  

Insteel Industries, Inc.

     34,645        1,324,132  

Quanex Building Products Corp.

     54,966        2,112,343  
     

 

 

 
Total Building Products

 

     19,555,841  
Capital Markets – 3.2%

 

BGC Group, Inc., Class A

     341,653        2,654,644  

Brightsphere Investment Group, Inc.

     35,120        802,141  

Cohen & Steers, Inc.

     151,093        11,617,541  

Diamond Hill Investment Group, Inc.

     6,531        1,006,884  

GCM Grosvenor, Inc., Class A

     140,844        1,360,553  

Moelis & Co., Class A

     171,013        9,708,408  

Oppenheimer Holdings, Inc., Class A

     13,570        541,715  

Piper Sandler Cos.

     15,790        3,134,157  

PJT Partners, Inc., Class A(a)

     18,552        1,748,712  

StepStone Group, Inc., Class A

     101,311        3,620,855  

TPG, Inc.

     204,929        9,160,326  

Victory Capital Holdings, Inc., Class A

     199,070        8,446,540  

Virtu Financial, Inc., Class A

     263,793        5,413,032  

Virtus Investment Partners, Inc.

     21,095        5,231,138  
     

 

 

 
Total Capital Markets

 

     64,446,646  
Chemicals – 2.8%

 

AdvanSix, Inc.

     85,622        2,448,789  

Avient Corp.

     185,966        8,070,925  

Hawkins, Inc.

     35,766        2,746,829  

Innospec, Inc.

     37,906        4,887,600  

Koppers Holdings, Inc.

     35,307        1,947,887  

Kronos Worldwide, Inc.

     638,224        7,531,043  

Minerals Technologies, Inc.

     29,830        2,245,602  

Quaker Chemical Corp.

     16,274        3,340,239  

Scotts Miracle-Gro Co.(a)

     163,651        12,206,728  

Sensient Technologies Corp.

     85,281        5,900,592  

Stepan Co.

     36,100        3,250,444  

Valhi, Inc.

     112,632        1,935,018  
     

 

 

 
Total Chemicals

 

     56,511,696  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2024

 

 

 

Investments    Shares      Value  
Commercial Services & Supplies – 2.8%

 

ABM Industries, Inc.

     106,816      $ 4,766,130  

ACCO Brands Corp.

     421,496        2,364,593  

Acme United Corp.

     15,378        722,612  

ARC Document Solutions, Inc.

     246,420        682,583  

Aris Water Solutions, Inc., Class A

     177,608        2,513,153  

Brady Corp., Class A

     83,575        4,954,326  

Brink’s Co.

     55,690        5,144,642  

Deluxe Corp.

     187,163        3,853,686  

Ennis, Inc.

     155,473        3,188,751  

HNI Corp.

     114,162        5,152,131  

Interface, Inc.

     123,155        2,071,467  

Matthews International Corp., Class A

     81,385        2,529,446  

MillerKnoll, Inc.

     163,381        4,045,314  

Pitney Bowes, Inc.

     764,957        3,312,264  

Steelcase, Inc., Class A

     346,925        4,537,779  

UniFirst Corp.

     12,739        2,209,325  

Vestis Corp.

     122,930        2,368,861  

VSE Corp.(a)

     25,209        2,016,720  
     

 

 

 
Total Commercial Services & Supplies

 

     56,433,783  
Construction & Engineering – 0.6%

 

Arcosa, Inc.

     39,199        3,365,626  

Argan, Inc.

     42,664        2,156,239  

Granite Construction, Inc.

     50,645        2,893,349  

Primoris Services Corp.

     62,500        2,660,625  
     

 

 

 
Total Construction & Engineering

 

     11,075,839  
Construction Materials – 0.1%

 

U.S. Lime & Minerals, Inc.

     6,729        2,006,184  
Consumer Finance – 0.8%

 

Bread Financial Holdings, Inc.

     67,402        2,510,050  

Navient Corp.

     226,145        3,934,923  

Nelnet, Inc., Class A

     23,089        2,185,374  

Regional Management Corp.

     28,201        682,746  

SLM Corp.

     313,392        6,828,812  
     

 

 

 
Total Consumer Finance

 

     16,141,905  
Consumer Staples Distribution & Retail – 0.8%

 

Andersons, Inc.

     48,281        2,769,881  

Ingles Markets, Inc., Class A

     18,938        1,452,166  

Natural Grocers by Vitamin Cottage, Inc.

     114,489        2,066,526  

PriceSmart, Inc.

     37,108        3,117,072  

SpartanNash Co.

     124,389        2,513,902  

Village Super Market, Inc., Class A

     53,176        1,521,365  

Weis Markets, Inc.

     53,284        3,431,490  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     16,872,402  
Containers & Packaging – 0.9%

 

Greif, Inc., Class A

     81,749        5,644,768  

Myers Industries, Inc.

     158,050        3,662,019  

Pactiv Evergreen, Inc.

     436,663        6,253,014  

TriMas Corp.

     50,637        1,353,527  
     

 

 

 
Total Containers & Packaging

 

     16,913,328  
Distributors – 0.1%

 

Weyco Group, Inc.

     50,885        1,622,214  
Diversified Consumer Services – 0.7%

 

Carriage Services, Inc.

     56,165      1,518,702  

Graham Holdings Co., Class B

     4,056        3,113,710  

Perdoceo Education Corp.(a)

     201,462        3,537,673  

Strategic Education, Inc.

     50,328        5,240,151  
     

 

 

 
Total Diversified Consumer Services

 

     13,410,236  
Diversified REITs – 1.4%

 

Alexander & Baldwin, Inc.

     87,088        1,434,339  

Alpine Income Property Trust, Inc.

     18,429        281,595  

American Assets Trust, Inc.

     62,449        1,368,258  

Armada Hoffler Properties, Inc.

     57,229        595,182  

Broadstone Net Lease, Inc.

     771,424        12,088,214  

CTO Realty Growth, Inc.

     50,887        862,535  

Empire State Realty Trust, Inc., Class A

     140,897        1,427,287  

Essential Properties Realty Trust, Inc.

     374,423        9,982,117  

One Liberty Properties, Inc.

     24,265        548,146  
     

 

 

 
Total Diversified REITs

 

     28,587,673  
Diversified Telecommunication Services – 0.7%

 

ATN International, Inc.

     62,497        1,968,968  

Cogent Communications Holdings, Inc.

     179,833        11,748,490  

Shenandoah Telecommunications Co.

     59,965        1,041,592  
     

 

 

 
Total Diversified Telecommunication Services

 

     14,759,050  
Electric Utilities – 1.9%

 

ALLETE, Inc.

     241,401        14,397,156  

Genie Energy Ltd., Class B

     72,663        1,095,758  

MGE Energy, Inc.

     84,193        6,627,673  

Otter Tail Corp.

     96,963        8,377,603  

PNM Resources, Inc.

     213,710        8,044,044  
     

 

 

 
Total Electric Utilities

 

     38,542,234  
Electrical Equipment – 0.8%

 

Allient, Inc.

     32,240        1,150,323  

Encore Wire Corp.

     13,933        3,661,314  

EnerSys

     47,486        4,485,528  

LSI Industries, Inc.

     115,808        1,751,017  

Powell Industries, Inc.

     24,056        3,423,169  

Preformed Line Products Co.

     10,593        1,363,001  
     

 

 

 
Total Electrical Equipment

 

     15,834,352  
Electronic Equipment, Instruments & Components – 1.4%

 

Advanced Energy Industries, Inc.

     33,616        3,428,160  

Bel Fuse, Inc., Class B

     23,245        1,401,906  

Belden, Inc.

     34,582        3,202,639  

Benchmark Electronics, Inc.

     97,366        2,921,954  

Climb Global Solutions, Inc.

     21,611        1,531,788  

Crane NXT Co.

     71,996        4,456,552  

CTS Corp.

     36,402        1,703,250  

Methode Electronics, Inc.

     98,785        1,203,201  

Napco Security Technologies, Inc.

     54,147        2,174,543  

PC Connection, Inc.

     27,500        1,813,075  

Richardson Electronics Ltd.(a)

     63,276        582,772  

Vishay Intertechnology, Inc.(a)

     184,022        4,173,619  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     28,593,459  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2024

 

 

 

Investments    Shares      Value  
Energy Equipment & Services – 2.9%

 

Archrock, Inc.

     650,451      $ 12,794,371  

Atlas Energy Solutions, Inc.(a)

     226,880        5,132,026  

Cactus, Inc., Class A(a)

     90,974        4,556,888  

Core Laboratories, Inc.(a)

     72,498        1,238,266  

Helmerich & Payne, Inc.

     199,801        8,403,630  

Kodiak Gas Services, Inc.

     399,872        10,932,500  

Liberty Energy, Inc.(a)

     272,928        5,655,068  

Ranger Energy Services, Inc.

     124,418        1,404,679  

RPC, Inc.(a)

     435,442        3,370,321  

Select Water Solutions, Inc.

     346,378        3,197,069  

Solaris Oilfield Infrastructure, Inc., Class A

     162,204        1,406,309  
     

 

 

 
Total Energy Equipment & Services

 

     58,091,127  
Entertainment – 0.1%

 

Marcus Corp.(a)

     125,272        1,786,379  
Financial Services – 0.8%

 

A-Mark Precious Metals, Inc.(a)

     20,356        624,726  

Alerus Financial Corp.

     46,511        1,015,335  

Cass Information Systems, Inc.

     17,598        847,696  

Federal Agricultural Mortgage Corp., Class C

     18,520        3,646,217  

Merchants Bancorp

     39,190        1,692,224  

NewtekOne, Inc.

     89,432        983,752  

UWM Holdings Corp.(a)

     298,307        2,165,709  

Walker & Dunlop, Inc.(a)

     48,530        4,904,442  
     

 

 

 
Total Financial Services

 

     15,880,101  
Food Products – 1.6%

 

Alico, Inc.

     38,662        1,132,023  

B&G Foods, Inc.

     388,486        4,444,280  

Cal-Maine Foods, Inc.

     36,619        2,155,028  

Calavo Growers, Inc.

     55,797        1,551,715  

J & J Snack Foods Corp.

     34,591        5,000,475  

John B Sanfilippo & Son, Inc.

     38,396        4,066,904  

Limoneira Co.

     75,527        1,477,308  

Tootsie Roll Industries, Inc.

     70,740        2,265,789  

Utz Brands, Inc.

     170,307        3,140,461  

WK Kellogg Co.

     376,079        7,070,285  
     

 

 

 
Total Food Products

 

     32,304,268  
Gas Utilities – 1.5%

 

Chesapeake Utilities Corp.

     39,945        4,286,099  

Northwest Natural Holding Co.

     119,977        4,465,544  

ONE Gas, Inc.

     160,500        10,357,065  

RGC Resources, Inc.

     53,508        1,083,002  

Spire, Inc.

     166,477        10,216,693  
     

 

 

 
Total Gas Utilities

 

     30,408,403  
Ground Transportation – 0.8%

 

ArcBest Corp.(a)

     21,519        3,066,458  

Covenant Logistics Group, Inc.

     32,891        1,524,827  

FTAI Infrastructure, Inc.

     458,758        2,881,000  

Heartland Express, Inc.

     87,492        1,044,654  

Marten Transport Ltd.

     119,526        2,208,840  

Universal Logistics Holdings, Inc.(a)

     76,887        2,834,824  

Werner Enterprises, Inc.

     73,297        2,867,379  
     

 

 

 
Total Ground Transportation

 

     16,427,982  
Health Care Equipment & Supplies – 0.6%

 

Atrion Corp.(a)

     6,575      3,047,841  

CONMED Corp.

     26,500        2,122,120  

Embecta Corp.

     174,366        2,313,837  

LeMaitre Vascular, Inc.

     34,438        2,285,306  

Utah Medical Products, Inc.

     17,110        1,216,692  
     

 

 

 
Total Health Care Equipment & Supplies

 

     10,985,796  
Health Care Providers & Services – 1.6%

 

National HealthCare Corp.

     49,782        4,704,897  

National Research Corp.

     51,619        2,044,628  

Patterson Cos., Inc.

     264,910        7,324,761  

Premier, Inc., Class A

     335,262        7,409,290  

Select Medical Holdings Corp.

     207,038        6,242,196  

U.S. Physical Therapy, Inc.

     28,895        3,261,379  
     

 

 

 
Total Health Care Providers & Services

 

     30,987,151  
Health Care REITs – 1.4%

 

CareTrust REIT, Inc.

     165,576        4,035,087  

Community Healthcare Trust, Inc.

     29,801        791,217  

Diversified Healthcare Trust

     179,035        440,426  

Global Medical REIT, Inc.

     78,748        689,045  

LTC Properties, Inc.(a)

     55,912        1,817,699  

National Health Investors, Inc.

     140,460        8,825,102  

Sabra Health Care REIT, Inc.

     702,111        10,370,179  
     

 

 

 
Total Health Care REITs

 

     26,968,755  
Health Care Technology – 0.1%

 

HealthStream, Inc.

     49,327        1,315,058  

Simulations Plus, Inc.(a)

     35,966        1,480,001  
     

 

 

 
Total Health Care Technology

 

     2,795,059  
Hotel & Resort REITs – 0.7%

 

Chatham Lodging Trust

     62,457        631,440  

DiamondRock Hospitality Co.

     169,829        1,632,057  

Park Hotels & Resorts, Inc.

     186,766        3,266,538  

Pebblebrook Hotel Trust

     102,476        1,579,155  

RLJ Lodging Trust

     130,017        1,536,801  

Service Properties Trust

     273,154        1,851,984  

Sunstone Hotel Investors, Inc.

     179,252        1,996,867  

Xenia Hotels & Resorts, Inc.

     84,104        1,262,401  
     

 

 

 
Total Hotel & Resort REITs

 

     13,757,243  
Hotels, Restaurants & Leisure – 3.6%

 

Bloomin’ Brands, Inc.

     249,430        7,153,652  

Carrols Restaurant Group, Inc.

     192,635        1,831,959  

Cheesecake Factory, Inc.(a)

     136,911        4,949,333  

Cracker Barrel Old Country Store, Inc.

     112,188        8,159,433  

Dine Brands Global, Inc.

     67,907        3,156,317  

Jack in the Box, Inc.

     41,359        2,832,264  

Krispy Kreme, Inc.

     192,705        2,935,861  

Marriott Vacations Worldwide Corp.

     100,443        10,820,724  

Monarch Casino & Resort, Inc.

     50,799        3,809,417  

Nathan’s Famous, Inc.

     21,360        1,512,288  

Papa John’s International, Inc.(a)

     67,135        4,471,191  

RCI Hospitality Holdings, Inc.

     21,836        1,266,488  

Red Rock Resorts, Inc., Class A

     103,581        6,196,216  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2024

 

 

 

Investments    Shares      Value  

Travel & Leisure Co.

     243,956      $ 11,944,086  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     71,039,229  
Household Durables – 2.5%

 

Bassett Furniture Industries, Inc.

     41,564        613,485  

Century Communities, Inc.

     44,321        4,276,976  

Ethan Allen Interiors, Inc.

     123,863        4,281,944  

Hamilton Beach Brands Holding Co., Class A

     56,235        1,369,885  

Hooker Furnishings Corp.

     45,710        1,097,497  

La-Z-Boy, Inc.

     84,455        3,177,197  

Leggett & Platt, Inc.

     650,659        12,460,120  

Lifetime Brands, Inc.

     121,875        1,277,250  

MDC Holdings, Inc.

     220,349        13,862,155  

Worthington Enterprises, Inc.(a)

     127,790        7,952,372  
     

 

 

 
Total Household Durables

 

     50,368,881  
Household Products – 0.9%

 

Energizer Holdings, Inc.

     199,479        5,872,662  

Oil-Dri Corp. of America

     25,518        1,902,622  

Spectrum Brands Holdings, Inc.(a)

     62,766        5,586,801  

WD-40 Co.

     20,406        5,169,044  
     

 

 

 
Total Household Products

 

     18,531,129  
Industrial REITs – 0.6%

 

Innovative Industrial Properties, Inc.

     68,850        7,128,729  

LXP Industrial Trust

     354,050        3,193,531  

Plymouth Industrial REIT, Inc.

     34,159        768,577  
     

 

 

 
Total Industrial REITs

 

     11,090,837  
Insurance – 1.8%

 

AMERISAFE, Inc.

     109,631        5,500,187  

CNO Financial Group, Inc.

     130,219        3,578,418  

Donegal Group, Inc., Class A

     52,936        748,515  

Employers Holdings, Inc.

     50,868        2,308,899  

HCI Group, Inc.

     7,761        900,897  

Horace Mann Educators Corp.

     82,849        3,064,584  

Investors Title Co.

     5,463        891,507  

Kemper Corp.

     86,756        5,371,931  

Mercury General Corp.

     85,806        4,427,590  

National Western Life Group, Inc., Class A

     3,056        1,503,430  

Safety Insurance Group, Inc.(a)

     32,379        2,661,230  

Stewart Information Services Corp.

     48,303        3,142,593  

Tiptree, Inc.

     36,242        626,262  

United Fire Group, Inc.

     23,613        514,055  

Universal Insurance Holdings, Inc.

     64,652        1,313,729  
     

 

 

 
Total Insurance

 

     36,553,827  
Interactive Media & Services – 0.2%

 

Shutterstock, Inc.(a)

     76,284        3,494,570  
IT Services – 0.2%

 

CSP, Inc.

     47,024        868,063  

Hackett Group, Inc.

     100,255        2,436,196  

Information Services Group, Inc.

     130,714        528,085  
     

 

 

 
Total IT Services

 

     3,832,344  
Leisure Products – 0.5%

 

Clarus Corp.(a)

     185,193        1,250,053  

Escalade, Inc.

     70,716      972,345  

Johnson Outdoors, Inc., Class A

     26,838        1,237,500  

Marine Products Corp.

     178,480        2,097,140  

Smith & Wesson Brands, Inc.

     166,964        2,898,495  

Sturm Ruger & Co., Inc.

     34,649        1,599,051  
     

 

 

 
Total Leisure Products

 

     10,054,584  
Life Sciences Tools & Services – 0.1%

 

Mesa Laboratories, Inc.

     14,414        1,581,648  
Machinery – 4.5%

 

Alamo Group, Inc.

     11,175        2,551,588  

Albany International Corp., Class A

     34,234        3,201,221  

Astec Industries, Inc.

     57,386        2,508,342  

Columbus McKinnon Corp.

     50,329        2,246,183  

Douglas Dynamics, Inc.

     99,429        2,398,227  

Eastern Co.

     37,324        1,272,375  

Enerpac Tool Group Corp.

     50,618        1,805,038  

Enpro, Inc.(a)

     25,040        4,226,001  

ESCO Technologies, Inc.

     21,208        2,270,316  

Gorman-Rupp Co.

     70,866        2,802,750  

Greenbrier Cos., Inc.

     83,322        4,341,076  

Helios Technologies, Inc.

     45,184        2,019,273  

Hillenbrand, Inc.

     116,117        5,839,524  

Hurco Cos., Inc.

     42,191        850,571  

Hyster-Yale Materials Handling, Inc.

     52,926        3,396,261  

John Bean Technologies Corp.

     29,585        3,103,171  

Kadant, Inc.

     9,716        3,187,820  

Kennametal, Inc.

     156,554        3,904,457  

Lindsay Corp.

     15,827        1,862,205  

Miller Industries, Inc.

     48,592        2,434,459  

Mueller Water Products, Inc., Class A

     258,990        4,167,149  

Omega Flex, Inc.

     24,752        1,755,659  

Park-Ohio Holdings Corp.

     56,732        1,513,610  

REV Group, Inc.

     113,054        2,497,363  

Shyft Group, Inc.

     141,914        1,762,572  

Standex International Corp.(a)

     17,385        3,167,895  

Tennant Co.

     33,711        4,099,595  

Terex Corp.

     73,810        4,753,364  

Trinity Industries, Inc.

     237,870        6,624,679  

Twin Disc, Inc.

     69,830        1,154,290  

Wabash National Corp.

     86,731        2,596,726  
     

 

 

 
Total Machinery

 

     90,313,760  
Marine Transportation – 0.2%

 

Matson, Inc.

     38,699        4,349,768  
Media – 1.3%

 

Cable One, Inc.

     9,989        4,226,646  

Entravision Communications Corp., Class A

     441,306        723,742  

Gray Television, Inc.

     350,863        2,217,454  

John Wiley & Sons, Inc., Class A

     161,224        6,147,471  

Saga Communications, Inc., Class A

     37,215        830,267  

Scholastic Corp.

     63,654        2,400,392  

Sinclair, Inc.(a)

     197,935        2,666,184  

TEGNA, Inc.

     433,964        6,483,422  

Townsquare Media, Inc., Class A

     70,712        776,418  
     

 

 

 
Total Media

 

     26,471,996  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2024

 

 

 

Investments    Shares      Value  
Metals & Mining – 1.9%

 

Arch Resources, Inc.

     15,957      $ 2,565,726  

Carpenter Technology Corp.

     61,545        4,395,544  

Compass Minerals International, Inc.(a)

     112,896        1,776,983  

Haynes International, Inc.

     38,361        2,306,263  

Hecla Mining Co.

     557,759        2,682,821  

Kaiser Aluminum Corp.

     66,966        5,984,082  

Materion Corp.

     18,008        2,372,554  

Mesabi Trust(a)

     70,230        1,243,071  

Olympic Steel, Inc.

     27,824        1,972,165  

Radius Recycling, Inc.

     89,593        1,893,100  

Ramaco Resources, Inc., Class A

     134,909        2,271,868  

Ryerson Holding Corp.

     84,507        2,830,984  

SunCoke Energy, Inc.

     330,343        3,722,966  

Warrior Met Coal, Inc.

     42,930        2,605,851  
     

 

 

 
Total Metals & Mining

 

     38,623,978  
Multi-Utilities – 1.7%

 

Avista Corp.

     268,963        9,419,084  

Black Hills Corp.

     204,287        11,154,070  

Northwestern Energy Group, Inc.

     195,223        9,942,707  

Unitil Corp.

     71,124        3,723,342  
     

 

 

 
Total Multi-Utilities

 

     34,239,203  
Office REITs – 1.3%

 

COPT Defense Properties

     219,123        5,296,203  

Cousins Properties, Inc.

     257,864        6,199,051  

Douglas Emmett, Inc.

     128,894        1,787,760  

Easterly Government Properties, Inc.

     109,189        1,256,765  

JBG SMITH Properties

     83,964        1,347,622  

Paramount Group, Inc.

     184,198        863,889  

Peakstone Realty Trust

     29,117        469,657  

Postal Realty Trust, Inc., Class A

     41,104        588,609  

SL Green Realty Corp.

     163,201        8,997,271  
     

 

 

 
Total Office REITs

 

     26,806,827  
Oil, Gas & Consumable Fuels – 6.1%

 

Berry Corp.

     424,603        3,418,054  

California Resources Corp.

     168,033        9,258,618  

Crescent Energy Co., Class A

     319,133        3,797,683  

CVR Energy, Inc.(a)

     551,964        19,683,036  

Delek U.S. Holdings, Inc.

     177,925        5,469,415  

Evolution Petroleum Corp.(a)

     160,962        988,307  

Excelerate Energy, Inc., Class A

     82,817        1,326,728  

FutureFuel Corp.

     239,162        1,925,254  

Granite Ridge Resources, Inc.

     769,837        5,003,941  

HighPeak Energy, Inc.(a)

     132,194        2,084,699  

Kinetik Holdings, Inc.(a)

     275,954        11,002,286  

NACCO Industries, Inc., Class A

     32,598        984,460  

Northern Oil & Gas, Inc.

     280,136        11,115,796  

Peabody Energy Corp.(a)

     139,541        3,385,265  

PHX Minerals, Inc.

     207,154        706,395  

Riley Exploration Permian, Inc.

     107,258        3,539,514  

SandRidge Energy, Inc.

     148,909        2,169,604  

Sitio Royalties Corp., Class A(a)

     473,152        11,696,317  

VAALCO Energy, Inc.

     516,005      3,596,555  

Viper Energy, Inc.

     304,709        11,719,108  

Vitesse Energy, Inc.

     161,605        3,834,887  

Voc Energy Trust

     91,178        551,627  

W&T Offshore, Inc.(a)

     535,559        1,419,231  

World Kinect Corp.

     144,068        3,810,599  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     122,487,379  
Paper & Forest Products – 0.3%

 

Sylvamo Corp.

     104,339        6,441,890  
Passenger Airlines – 0.4%

 

Allegiant Travel Co.

     54,485        4,097,817  

Spirit Airlines, Inc.(a)

     646,117        3,127,206  
     

 

 

 
Total Passenger Airlines

 

     7,225,023  
Personal Care Products – 0.4%

 

Edgewell Personal Care Co.

     81,742        3,158,511  

Nu Skin Enterprises, Inc., Class A

     274,842        3,801,065  
     

 

 

 
Total Personal Care Products

 

     6,959,576  
Pharmaceuticals – 1.4%

 

Organon & Co.

     1,424,368        26,778,119  

Phibro Animal Health Corp., Class A

     44,198        571,480  
     

 

 

 
Total Pharmaceuticals

 

     27,349,599  
Professional Services – 1.4%

 

Barrett Business Services, Inc.

     16,941        2,146,764  

BGSF, Inc.

     70,547        734,394  

CRA International, Inc.

     20,306        3,037,371  

CSG Systems International, Inc.(a)

     82,391        4,246,432  

Heidrick & Struggles International, Inc.

     68,604        2,309,211  

HireQuest, Inc.(a)

     65,724        851,126  

ICF International, Inc.

     15,842        2,386,280  

Kelly Services, Inc., Class A

     82,749        2,072,035  

Kforce, Inc.

     51,609        3,639,467  

Korn Ferry

     62,598        4,116,445  

Resources Connection, Inc.

     115,801        1,523,941  
     

 

 

 
Total Professional Services

 

     27,063,466  
Real Estate Management & Development – 0.6%

 

DigitalBridge Group, Inc.

     152,634        2,941,257  

eXp World Holdings, Inc.(a)

     130,171        1,344,666  

Kennedy-Wilson Holdings, Inc.

     189,093        1,622,418  

Marcus & Millichap, Inc.

     33,575        1,147,258  

Newmark Group, Inc., Class A

     133,223        1,477,443  

RMR Group, Inc., Class A

     19,373        464,952  

St. Joe Co.

     49,332        2,859,776  
     

 

 

 
Total Real Estate Management & Development

 

     11,857,770  
Residential REITs – 0.4%

 

BRT Apartments Corp.

     37,137        623,901  

Centerspace

     15,112        863,500  

Independence Realty Trust, Inc.

     200,888        3,240,323  

UMH Properties, Inc.

     79,700        1,294,328  

Veris Residential, Inc.

     75,327        1,145,724  
     

 

 

 
Total Residential REITs

 

     7,167,776  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2024

 

 

 

Investments    Shares      Value  
Retail REITs – 1.3%

 

Acadia Realty Trust

     91,472      $ 1,555,939  

Alexander’s, Inc.(a)

     12,844        2,788,946  

CBL & Associates Properties, Inc.(a)

     34,072        780,589  

Getty Realty Corp.

     72,700        1,988,345  

InvenTrust Properties Corp.

     50,954        1,310,027  

Macerich Co.

     228,786        3,941,983  

NETSTREIT Corp.(a)

     73,415        1,348,633  

Retail Opportunity Investments Corp.

     98,951        1,268,552  

Saul Centers, Inc.

     26,499        1,019,946  

SITE Centers Corp.

     264,409        3,873,592  

Tanger, Inc.

     140,913        4,161,161  

Urban Edge Properties

     99,106        1,711,561  

Whitestone REIT

     71,185        893,372  
     

 

 

 
Total Retail REITs

 

     26,642,646  
Semiconductors & Semiconductor Equipment – 0.1%

 

NVE Corp.

     25,464        2,296,343  
Software – 1.0%

 

A10 Networks, Inc.

     161,511        2,211,086  

Adeia, Inc.

     251,535        2,746,762  

American Software, Inc., Class A

     174,766        2,001,071  

Clear Secure, Inc., Class A

     140,483        2,988,073  

InterDigital, Inc.

     45,873        4,883,639  

Progress Software Corp.

     54,158        2,887,163  

ReposiTrak, Inc.(a)

     81,421        1,290,523  
     

 

 

 
Total Software

 

     19,008,317  
Specialized REITs – 1.7%

 

EPR Properties

     344,448        14,621,818  

Farmland Partners, Inc.

     45,020        499,722  

Four Corners Property Trust, Inc.

     81,332        1,990,194  

Gladstone Land Corp.

     37,673        502,558  

National Storage Affiliates Trust

     324,733        12,716,544  

PotlatchDeltic Corp.

     68,077        3,200,980  

Safehold, Inc.

     59,180        1,219,108  
     

 

 

 
Total Specialized REITs

 

     34,750,924  
Specialty Retail – 2.5%

 

Aaron’s Co., Inc.

     109,108        818,310  

Arko Corp.

     224,941        1,282,164  

Buckle, Inc.

     184,366        7,424,419  

Caleres, Inc.

     68,819        2,823,644  

Camping World Holdings, Inc., Class A(a)

     108,685        3,026,877  

Cato Corp., Class A

     125,321        723,102  

Designer Brands, Inc., Class A

     204,607        2,236,354  

Guess?, Inc.

     223,040        7,019,069  

Haverty Furniture Cos., Inc.

     79,757        2,721,309  

Hibbett, Inc.

     27,640        2,123,028  

Monro, Inc.

     118,675        3,743,009  

Shoe Carnival, Inc.

     79,373        2,908,227  

Sonic Automotive, Inc., Class A

     54,641        3,111,259  

Upbound Group, Inc.

     184,312        6,489,625  

Winmark Corp.

     11,363        4,109,997  
     

 

 

 
Total Specialty Retail

 

     50,560,393  
Technology Hardware, Storage & Peripherals – 0.7%

 

Immersion Corp.

     175,550      1,313,114  

Xerox Holdings Corp.

     737,743        13,205,600  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     14,518,714  
Textiles, Apparel & Luxury Goods – 2.0%

 

Carter’s, Inc.

     154,175        13,055,539  

Kontoor Brands, Inc.

     140,005        8,435,301  

Lakeland Industries, Inc.

     39,591        724,515  

Movado Group, Inc.(a)

     55,919        1,561,818  

Oxford Industries, Inc.

     40,101        4,507,352  

Rocky Brands, Inc.

     37,111        1,006,822  

Steven Madden Ltd.

     171,521        7,251,908  

Superior Group of Cos., Inc.

     75,363        1,244,997  

Wolverine World Wide, Inc.

     269,610        3,022,328  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     40,810,580  
Tobacco – 0.9%

 

Turning Point Brands, Inc.

     66,365        1,944,495  

Universal Corp.

     122,407        6,330,890  

Vector Group Ltd.

     824,341        9,034,777  
     

 

 

 
Total Tobacco

 

     17,310,162  
Trading Companies & Distributors – 1.8%

 

Alta Equipment Group, Inc.

     132,798        1,719,734  

Global Industrial Co.

     102,468        4,588,517  

H&E Equipment Services, Inc.

     77,571        4,978,507  

Herc Holdings, Inc.

     43,645        7,345,453  

Karat Packaging, Inc.

     98,806        2,826,840  

McGrath RentCorp

     38,078        4,697,683  

Rush Enterprises, Inc., Class A

     140,335        7,510,729  

Rush Enterprises, Inc., Class B

     30,020        1,599,766  
     

 

 

 
Total Trading Companies & Distributors

 

     35,267,229  
Water Utilities – 1.0%

 

American States Water Co.

     80,191        5,792,998  

Artesian Resources Corp., Class A

     38,251        1,419,495  

California Water Service Group

     87,557        4,069,649  

Global Water Resources, Inc.

     122,869        1,577,638  

Middlesex Water Co.

     31,444        1,650,810  

SJW Group

     76,785        4,345,263  

York Water Co.(a)

     52,140        1,891,118  
     

 

 

 
Total Water Utilities

 

     20,746,971  
Wireless Telecommunication Services – 0.3%

 

Spok Holdings, Inc.

     120,751        1,925,978  

Telephone & Data Systems, Inc.

     293,877        4,707,910  
     

 

 

 
Total Wireless Telecommunication Services

 

     6,633,888  
Total United States

 

     1,970,822,373  
Puerto Rico – 0.7%

 

Banks – 0.6%

 

First BanCorp

     518,072        9,086,983  

OFG Bancorp

     92,517        3,405,551  
     

 

 

 
Total Banks

 

     12,492,534  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2024

 

 

 

Investments    Shares      Value  
Financial Services – 0.1%

 

EVERTEC, Inc.

     51,328      $ 2,047,987  
Total Puerto Rico

 

     14,540,521  
Singapore – 0.2%

 

Semiconductors & Semiconductor Equipment – 0.2%

 

Kulicke & Soffa Industries, Inc.

     71,613        3,602,850  
TOTAL COMMON STOCKS
(Cost: $1,801,198,201)

 

     1,988,965,744  
EXCHANGE-TRADED FUND – 0.1%

 

United States – 0.1%

 

WisdomTree U.S. MidCap Dividend Fund(b)

     
(Cost: $1,944,815)      41,094        2,004,154  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4%

 

United States – 0.4%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $6,916,162)      6,916,162      6,916,162  
TOTAL INVESTMENTS IN SECURITIES – 100.1%
(Cost: $1,810,059,178)

 

     1,997,886,060  

Other Assets less Liabilities – (0.1)%

 

     (1,447,562
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,996,438,498  
(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $128,552,679 and the total market value of the collateral held by the Fund was $130,790,538. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $123,874,376.

 

(b) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate    Value at
3/31/2023
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
3/31/2024
     Dividend
Income
 

WisdomTree U.S. MidCap Dividend Fund

   $ 546,263      $ 29,856,239      $ 28,664,946      $ 220,789      $ 45,809      $ 2,004,154      $ 124,593  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

  

Investments in Securities

     

Common Stocks

   $ 1,988,965,744      $      $      $ 1,988,965,744  

Exchange-Traded Fund

     2,004,154                      2,004,154  

Investment of Cash Collateral for Securities Loaned

            6,916,162               6,916,162  

Total Investments in Securities

   $ 1,990,969,898      $ 6,916,162      $      $ 1,997,886,060  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 98.9%

 

Aerospace & Defense – 0.7%

 

AAR Corp.*

     13,110      $ 784,896  

AerSale Corp.*(a)

     12,631        90,691  

Cadre Holdings, Inc.

     10,207        369,493  

Ducommun, Inc.*

     3,884        199,249  

Kaman Corp.

     10,689        490,304  

Kratos Defense & Security Solutions, Inc.*

     26,075        479,259  

Mercury Systems, Inc.*

     12,027        354,797  

National Presto Industries, Inc.

     3,445        288,691  

Park Aerospace Corp.

     8,884        147,741  

Triumph Group, Inc.*

     23,161        348,341  

V2X, Inc.*

     19,799        924,811  
     

 

 

 
Total Aerospace & Defense

 

     4,478,273  
Air Freight & Logistics – 0.6%

 

Air Transport Services Group, Inc.*

     73,673        1,013,741  

Forward Air Corp.

     16,056        499,502  

Hub Group, Inc., Class A

     43,877        1,896,364  

Radiant Logistics, Inc.*

     29,363        159,147  
     

 

 

 
Total Air Freight & Logistics

 

     3,568,754  
Automobile Components – 0.9%

 

Dana, Inc.

     69,974        888,670  

Dorman Products, Inc.*

     13,361        1,287,867  

Gentherm, Inc.*

     13,316        766,735  

Holley, Inc.*(a)

     29,419        131,209  

Motorcar Parts of America, Inc.*

     14,481        116,427  

Patrick Industries, Inc.

     14,889        1,778,789  

Standard Motor Products, Inc.

     16,492        553,306  

XPEL, Inc.*

     9,286        501,630  
     

 

 

 
Total Automobile Components

 

     6,024,633  
Automobiles – 0.4%

 

Winnebago Industries, Inc.

     31,790        2,352,460  
Banks – 16.0%

 

1st Source Corp.

     16,719        876,410  

ACNB Corp.

     4,668        175,517  

Amalgamated Financial Corp.

     27,084        650,016  

Amerant Bancorp, Inc.

     19,026        443,116  

American National Bankshares, Inc.

     2,893        138,170  

Ames National Corp.

     2,747        55,434  

Arrow Financial Corp.

     5,041        126,126  

Atlantic Union Bankshares Corp.

     51,315        1,811,933  

Axos Financial, Inc.*

     55,917        3,021,755  

Banc of California, Inc.

     53,415        812,442  

Bancorp, Inc.*

     33,426        1,118,434  

Bank First Corp.

     3,566        309,065  

Bank of Hawaii Corp.(a)

     21,600        1,347,624  

Bank of Marin Bancorp

     6,061        101,643  

BankUnited, Inc.

     56,494        1,581,832  

Banner Corp.

     28,540        1,369,920  

Bar Harbor Bankshares

     9,019        238,823  

BayCom Corp.

     5,320        109,645  

BCB Bancorp, Inc.

     12,849        134,272  

Berkshire Hills Bancorp, Inc.

     29,483      675,750  

Bridgewater Bancshares, Inc.*

     16,975        197,589  

Brookline Bancorp, Inc.

     50,694        504,912  

Burke & Herbert Financial Services Corp.(a)

     2,157        120,857  

Business First Bancshares, Inc.

     17,280        384,998  

Byline Bancorp, Inc.

     33,347        724,297  

C&F Financial Corp.

     1,655        81,095  

Cambridge Bancorp

     3,793        258,531  

Camden National Corp.

     7,794        261,255  

Capital Bancorp, Inc.

     6,290        131,021  

Capital City Bank Group, Inc.

     10,549        292,207  

Capitol Federal Financial, Inc.

     37,958        226,230  

Capstar Financial Holdings, Inc.

     7,160        143,916  

Carter Bankshares, Inc.*

     14,397        181,978  

Central Pacific Financial Corp.

     19,798        391,011  

Central Valley Community Bancorp

     4,825        95,969  

Citizens & Northern Corp.

     4,495        84,416  

Citizens Financial Services, Inc.

     1,694        83,345  

City Holding Co.

     7,702        802,702  

Civista Bancshares, Inc.

     14,248        219,134  

CNB Financial Corp.

     14,719        300,120  

Coastal Financial Corp.*

     6,328        245,969  

Colony Bankcorp, Inc.

     3,475        39,963  

Columbia Financial, Inc.*

     21,888        376,692  

Community Bank System, Inc.

     29,336        1,409,008  

Community Trust Bancorp, Inc.

     12,147        518,070  

ConnectOne Bancorp, Inc.

     29,039        566,261  

CrossFirst Bankshares, Inc.*

     35,779        495,181  

Customers Bancorp, Inc.*

     29,350        1,557,311  

CVB Financial Corp.

     89,646        1,599,285  

Dime Community Bancshares, Inc.

     36,537        703,703  

Eagle Bancorp, Inc.

     32,256        757,693  

Eastern Bankshares, Inc.

     121,956        1,680,554  

Enterprise Bancorp, Inc.

     5,959        154,755  

Enterprise Financial Services Corp.

     35,672        1,446,856  

Equity Bancshares, Inc., Class A

     9,071        311,770  

Esquire Financial Holdings, Inc.

     3,208        152,284  

Farmers & Merchants Bancorp, Inc.

     3,438        76,633  

Farmers National Banc Corp.

     18,089        241,669  

FB Financial Corp.

     27,520        1,036,403  

Fidelity D&D Bancorp, Inc.

     1,473        71,337  

Financial Institutions, Inc.

     14,788        278,310  

First Bancorp, Inc.

     3,948        97,279  

First Bancorp/Southern Pines NC

     22,617        816,926  

First Bancshares, Inc.

     22,602        586,522  

First Bank

     7,226        99,285  

First Busey Corp.

     38,039        914,838  

First Business Financial Services, Inc.

     4,496        168,600  

First Commonwealth Financial Corp.

     71,370        993,470  

First Community Bankshares, Inc.

     8,115        281,022  

First Financial Bancorp

     89,058        1,996,680  

First Financial Corp.

     9,763        374,216  

First Hawaiian, Inc.

     94,946        2,085,014  

First Internet Bancorp

     2,261        78,547  

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  

First Merchants Corp.

     55,228      $ 1,927,457  

First Mid Bancshares, Inc.

     13,265        433,500  

First of Long Island Corp.

     11,253        124,796  

Five Star Bancorp

     11,689        263,003  

Flushing Financial Corp.

     10,135        127,802  

FS Bancorp, Inc.

     4,544        157,722  

Fulton Financial Corp.

     140,817        2,237,582  

German American Bancorp, Inc.

     19,262        667,236  

Great Southern Bancorp, Inc.

     9,749        534,440  

Guaranty Bancshares, Inc.

     3,442        104,499  

Hanmi Financial Corp.

     33,592        534,785  

HarborOne Bancorp, Inc.

     12,995        138,527  

HBT Financial, Inc.

     23,228        442,261  

Heartland Financial USA, Inc.

     43,197        1,518,375  

Heritage Commerce Corp.

     50,828        436,104  

Heritage Financial Corp.

     26,011        504,353  

Hilltop Holdings, Inc.

     22,193        695,085  

Home Bancorp, Inc.

     5,217        199,863  

HomeTrust Bancshares, Inc.

     11,881        324,827  

Hope Bancorp, Inc.

     104,639        1,204,395  

Horizon Bancorp, Inc.

     38,229        490,478  

Independent Bank Corp.

     46,125        2,009,907  

Independent Bank Group, Inc.

     27,030        1,233,920  

Kearny Financial Corp.

     13,739        88,479  

Lakeland Bancorp, Inc.

     48,976        592,610  

Lakeland Financial Corp.

     9,521        631,433  

LCNB Corp.

     4,477        71,363  

Live Oak Bancshares, Inc.

     10,741        445,859  

Macatawa Bank Corp.

     22,946        224,641  

Mercantile Bank Corp.

     14,087        542,209  

Metrocity Bankshares, Inc.

     13,967        348,616  

Metropolitan Bank Holding Corp.*

     12,344        475,244  

Mid Penn Bancorp, Inc.

     11,704        234,197  

Middlefield Banc Corp.(a)

     1,881        44,918  

Midland States Bancorp, Inc.

     21,252        534,063  

MidWestOne Financial Group, Inc.

     5,934        139,093  

MVB Financial Corp.

     2,911        64,944  

National Bank Holdings Corp., Class A

     27,934        1,007,579  

National Bankshares, Inc.

     1,947        65,049  

NBT Bancorp, Inc.

     25,650        940,842  

Nicolet Bankshares, Inc.

     7,729        664,617  

Northeast Bank

     5,514        305,145  

Northeast Community Bancorp, Inc.

     12,022        189,106  

Northfield Bancorp, Inc.

     19,659        191,085  

Northrim BanCorp, Inc.

     2,291        115,718  

Northwest Bancshares, Inc.

     87,889        1,023,907  

Norwood Financial Corp.

     2,471        67,236  

Oak Valley Bancorp

     4,320        107,050  

OceanFirst Financial Corp.

     54,067        887,239  

Old Second Bancorp, Inc.

     40,726        563,648  

Orange County Bancorp, Inc.(a)

     3,116        143,336  

Origin Bancorp, Inc.

     19,515        609,649  

Orrstown Financial Services, Inc.

     6,440        172,399  

Pacific Premier Bancorp, Inc.

     67,352        1,616,448  

Park National Corp.

     7,250      984,913  

Parke Bancorp, Inc.

     5,670        97,666  

Pathward Financial, Inc.

     21,488        1,084,714  

PCB Bancorp

     7,138        116,564  

Peapack-Gladstone Financial Corp.

     13,782        335,316  

Peoples Bancorp, Inc.

     29,364        869,468  

Peoples Financial Services Corp.

     2,811        121,182  

Preferred Bank

     16,532        1,269,162  

Premier Financial Corp.

     36,379        738,494  

Primis Financial Corp.

     8,670        105,514  

Princeton Bancorp, Inc.

     2,651        81,598  

Provident Bancorp, Inc.*

     4,231        38,502  

Provident Financial Services, Inc.

     65,425        953,242  

QCR Holdings, Inc.

     14,129        858,195  

RBB Bancorp

     14,128        254,445  

Red River Bancshares, Inc.

     2,966        147,677  

Renasant Corp.

     38,740        1,213,337  

Republic Bancorp, Inc., Class A

     11,662        594,762  

S&T Bancorp, Inc.

     34,493        1,106,535  

Sandy Spring Bancorp, Inc.

     37,858        877,548  

Seacoast Banking Corp. of Florida

     43,024        1,092,379  

Shore Bancshares, Inc.

     6,758        77,717  

Sierra Bancorp

     7,219        145,824  

Simmons First National Corp., Class A

     100,559        1,956,878  

SmartFinancial, Inc.

     8,272        174,291  

South Plains Financial, Inc.

     13,052        349,272  

Southern First Bancshares, Inc.*

     1,743        55,358  

Southern Missouri Bancorp, Inc.

     4,494        196,433  

Southside Bancshares, Inc.

     21,558        630,140  

Stellar Bancorp, Inc.

     37,653        917,227  

Stock Yards Bancorp, Inc.

     15,842        774,832  

Summit Financial Group, Inc.

     10,858        294,903  

Third Coast Bancshares, Inc.*

     5,366        107,427  

Timberland Bancorp, Inc.

     3,129        84,233  

Tompkins Financial Corp.

     3,358        168,874  

Towne Bank

     43,892        1,231,610  

TriCo Bancshares

     22,972        844,910  

Triumph Financial, Inc.*

     4,969        394,141  

TrustCo Bank Corp.

     15,132        426,117  

Trustmark Corp.

     47,668        1,339,948  

Univest Financial Corp.

     25,124        523,082  

Veritex Holdings, Inc.

     48,357        990,835  

WaFd, Inc.

     59,299        1,721,450  

Washington Trust Bancorp, Inc.

     9,436        253,640  

WesBanco, Inc.

     42,514        1,267,342  

West BanCorp, Inc.

     16,284        290,344  

Westamerica BanCorp

     20,878        1,020,517  

WSFS Financial Corp.

     52,821        2,384,340  
     

 

 

 
Total Banks

 

     103,777,153  
Beverages – 0.3%

 

Duckhorn Portfolio, Inc.*(a)

     63,591        592,032  

MGP Ingredients, Inc.

     10,152        874,392  

Vita Coco Co., Inc.*

     13,114        320,375  
     

 

 

 
Total Beverages

 

     1,786,799  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  
Biotechnology – 1.1%

 

Arcturus Therapeutics Holdings, Inc.*

     36,001      $ 1,215,754  

Avid Bioservices, Inc.*

     15,800        105,860  

Cartesian Therapeutics, Inc.*(a)

     242,132        43,584  

Catalyst Pharmaceuticals, Inc.*

     36,364        579,642  

Dynavax Technologies Corp.*

     39,570        491,064  

Entrada Therapeutics, Inc.*

     35,719        506,138  

iTeos Therapeutics, Inc.*

     33,251        453,544  

MacroGenics, Inc.*

     51,306        755,224  

Organogenesis Holdings, Inc.*

     75,141        213,400  

Puma Biotechnology, Inc.*

     23,866        126,490  

Vanda Pharmaceuticals, Inc.*

     38,906        159,904  

Voyager Therapeutics, Inc.*

     60,766        565,732  

Xencor, Inc.*

     16,517        365,521  

Zymeworks, Inc.*

     134,322        1,413,067  
     

 

 

 
Total Biotechnology

 

     6,994,924  
Broadline Retail – 0.5%

 

Nordstrom, Inc.(a)

     157,366        3,189,809  
Building Products – 2.5%

 

American Woodmark Corp.*

     14,094        1,432,796  

Apogee Enterprises, Inc.

     16,291        964,427  

AZZ, Inc.

     16,056        1,241,289  

Gibraltar Industries, Inc.*

     14,170        1,141,110  

Griffon Corp.

     39,399        2,889,523  

Hayward Holdings, Inc.*

     66,974        1,025,372  

Insteel Industries, Inc.

     8,616        329,304  

Janus International Group, Inc.*

     100,239        1,516,616  

JELD-WEN Holding, Inc.*

     74,019        1,571,423  

Masterbrand, Inc.*

     93,840        1,758,562  

Quanex Building Products Corp.

     21,907        841,886  

Resideo Technologies, Inc.*

     79,519        1,782,816  
     

 

 

 
Total Building Products

 

     16,495,124  
Capital Markets – 3.3%

 

AssetMark Financial Holdings, Inc.*

     42,101        1,490,796  

BGC Group, Inc., Class A

     414,289        3,219,025  

Bridge Investment Group Holdings, Inc., Class A

     16,032        109,819  

Brightsphere Investment Group, Inc.

     23,719        541,742  

Diamond Hill Investment Group, Inc.

     1,223        188,550  

Donnelley Financial Solutions, Inc.*

     9,133        566,337  

GCM Grosvenor, Inc., Class A

     69,313        669,564  

Heritage Global, Inc.*

     12,574        33,195  

Open Lending Corp., Class A*

     24,783        155,142  

Oppenheimer Holdings, Inc., Class A

     5,401        215,608  

P10, Inc., Class A(a)

     70,518        593,762  

Perella Weinberg Partners

     13,869        195,969  

PJT Partners, Inc., Class A

     6,197        584,129  

Silvercrest Asset Management Group, Inc., Class A

     2,127        33,628  

StepStone Group, Inc., Class A

     15,814        565,192  

StoneX Group, Inc.*

     24,338        1,709,988  

TPG, Inc.

     104,714        4,680,716  

Victory Capital Holdings, Inc., Class A

     66,782        2,833,560  

Virtu Financial, Inc., Class A

     71,705        1,471,387  

Virtus Investment Partners, Inc.

     5,250        1,301,895  
     

 

 

 
Total Capital Markets

 

     21,160,004  
Chemicals – 1.6%

 

AdvanSix, Inc.

     31,210      892,606  

Core Molding Technologies, Inc.*

     13,197        249,819  

Ecovyst, Inc.*

     81,448        908,145  

Hawkins, Inc.

     9,289        713,395  

Ingevity Corp.*

     32,505        1,550,488  

Intrepid Potash, Inc.*(a)

     7,741        161,477  

Koppers Holdings, Inc.

     19,371        1,068,698  

LSB Industries, Inc.*

     93,264        818,858  

Mativ Holdings, Inc.

     52,610        986,438  

Minerals Technologies, Inc.

     19,217        1,446,656  

Sensient Technologies Corp.

     16,993        1,175,746  

Stepan Co.

     5,716        514,669  
     

 

 

 
Total Chemicals

 

     10,486,995  
Commercial Services & Supplies – 2.3%

 

ACCO Brands Corp.

     156,812        879,715  

ARC Document Solutions, Inc.

     50,292        139,309  

Aris Water Solutions, Inc., Class A

     29,813        421,854  

Brady Corp., Class A

     26,097        1,547,030  

BrightView Holdings, Inc.*

     58,775        699,423  

CECO Environmental Corp.*

     12,643        291,042  

CoreCivic, Inc.*

     40,380        630,332  

Deluxe Corp.

     66,538        1,370,018  

Ennis, Inc.

     19,179        393,361  

GEO Group, Inc.*

     99,935        1,411,082  

Healthcare Services Group, Inc.*

     45,655        569,774  

HNI Corp.

     20,547        927,286  

Interface, Inc.

     42,599        716,515  

Liquidity Services, Inc.*

     13,192        245,371  

Matthews International Corp., Class A

     21,277        661,289  

MillerKnoll, Inc.

     40,673        1,007,064  

OPENLANE, Inc.*

     59,727        1,033,277  

Pitney Bowes, Inc.

     38,673        167,454  

Quad/Graphics, Inc.

     34,361        182,457  

SP Plus Corp.*

     9,242        482,617  

Steelcase, Inc., Class A

     59,883        783,270  

VSE Corp.(a)

     6,433        514,640  
     

 

 

 
Total Commercial Services & Supplies

 

     15,074,180  
Communications Equipment – 1.1%

 

Aviat Networks, Inc.*(a)

     11,817        453,064  

Clearfield, Inc.*(a)

     11,991        369,802  

CommScope Holding Co., Inc.*

     403,740        528,899  

Digi International, Inc.*

     27,072        864,409  

Extreme Networks, Inc.*

     83,509        963,694  

Harmonic, Inc.*

     41,172        553,352  

Infinera Corp.*(a)

     114,953        693,167  

Lantronix, Inc.*

     21,066        74,995  

NetScout Systems, Inc.*

     65,832        1,437,771  

Ribbon Communications, Inc.*

     122,861        393,155  

Viavi Solutions, Inc.*

     91,142        828,481  
     

 

 

 
Total Communications Equipment

 

     7,160,789  
Construction & Engineering – 1.2%

 

Argan, Inc.

     7,110        359,339  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  

Bowman Consulting Group Ltd.*

     3,728      $ 129,697  

Concrete Pumping Holdings, Inc.*

     35,086        277,179  

Construction Partners, Inc., Class A*

     10,600        595,190  

Granite Construction, Inc.

     9,373        535,480  

IES Holdings, Inc.*

     8,671        1,054,741  

Limbach Holdings, Inc.*

     5,197        215,260  

MYR Group, Inc.*

     5,962        1,053,784  

Northwest Pipe Co.*(a)

     8,937        309,935  

Primoris Services Corp.

     40,623        1,729,321  

Sterling Infrastructure, Inc.*

     14,972        1,651,561  
     

 

 

 
Total Construction & Engineering

 

     7,911,487  
Construction Materials – 0.1%

 

U.S. Lime & Minerals, Inc.

     2,628        783,512  
Consumer Finance – 2.1%

 

Atlanticus Holdings Corp.*

     15,159        448,555  

Bread Financial Holdings, Inc.

     90,514        3,370,741  

Enova International, Inc.*

     36,322        2,282,111  

EZCORP, Inc., Class A*

     50,798        575,541  

Green Dot Corp., Class A*

     67,013        625,231  

LendingClub Corp.*

     40,100        352,479  

Navient Corp.

     164,093        2,855,218  

Nelnet, Inc., Class A

     13,105        1,240,388  

PROG Holdings, Inc.

     44,170        1,521,215  

Regional Management Corp.

     3,060        74,083  

World Acceptance Corp.*

     1,874        271,693  
     

 

 

 
Total Consumer Finance

 

     13,617,255  
Consumer Staples Distribution & Retail – 0.9%

 

Andersons, Inc.

     9,694        556,145  

Chefs’ Warehouse, Inc.*

     17,066        642,706  

Ingles Markets, Inc., Class A

     20,262        1,553,690  

Natural Grocers by Vitamin Cottage, Inc.

     14,340        258,837  

PriceSmart, Inc.

     12,788        1,074,192  

SpartanNash Co.

     26,726        540,132  

Village Super Market, Inc., Class A

     16,641        476,099  

Weis Markets, Inc.

     14,829        954,988  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     6,056,789  
Containers & Packaging – 1.1%

 

Myers Industries, Inc.

     25,563        592,295  

O-I Glass, Inc.*

     271,108        4,497,682  

Pactiv Evergreen, Inc.

     95,344        1,365,326  

TriMas Corp.

     27,979        747,878  
     

 

 

 
Total Containers & Packaging

 

     7,203,181  
Distributors – 0.0%

 

Weyco Group, Inc.

     10,172        324,283  
Diversified Consumer Services – 1.3%

 

Adtalem Global Education, Inc.*

     25,611        1,316,405  

Carriage Services, Inc.

     12,727        344,138  

Chegg, Inc.*

     114,352        865,645  

European Wax Center, Inc., Class A*

     28,238        366,529  

Graham Holdings Co., Class B

     1,972        1,513,865  

Laureate Education, Inc.

     65,383        952,630  

Lincoln Educational Services Corp.*

     17,247        178,162  

Mister Car Wash, Inc.*(a)

     114,866      890,212  

Perdoceo Education Corp.

     65,295        1,146,580  

Strategic Education, Inc.

     6,648        692,190  

Universal Technical Institute, Inc.*

     9,844        156,913  
     

 

 

 
Total Diversified Consumer Services

 

     8,423,269  
Diversified REITs – 0.4%

 

Alexander & Baldwin, Inc.

     24,382        401,572  

Alpine Income Property Trust, Inc.(a)

     7,126        108,885  

American Assets Trust, Inc.

     25,537        559,516  

Armada Hoffler Properties, Inc.

     25,608        266,323  

Empire State Realty Trust, Inc., Class A

     78,733        797,565  

One Liberty Properties, Inc.

     10,325        233,242  
     

 

 

 
Total Diversified REITs

 

     2,367,103  
Diversified Telecommunication Services – 0.6%

 

Anterix, Inc.*

     4,018        135,045  

Bandwidth, Inc., Class A*

     15,764        287,850  

IDT Corp., Class B

     14,001        529,378  

Lumen Technologies, Inc.*(a)

     1,710,471        2,668,335  

Ooma, Inc.*

     15,216        129,792  

Shenandoah Telecommunications Co.

     11,172        194,058  
     

 

 

 
Total Diversified Telecommunication Services

 

     3,944,458  
Electric Utilities – 0.3%

 

Genie Energy Ltd., Class B

     22,808        343,945  

Hawaiian Electric Industries, Inc.(a)

     137,975        1,554,978  
     

 

 

 
Total Electric Utilities

 

     1,898,923  
Electrical Equipment – 1.1%

 

Allient, Inc.

     11,577        413,067  

Array Technologies, Inc.*

     78,960        1,177,293  

LSI Industries, Inc.

     21,173        320,136  

NEXTracker, Inc., Class A*

     44,143        2,483,927  

Powell Industries, Inc.

     3,934        559,808  

Preformed Line Products Co.

     4,785        615,686  

Shoals Technologies Group, Inc., Class A*(a)

     59,796        668,519  

Thermon Group Holdings, Inc.*

     17,676        578,359  

Vicor Corp.*

     12,203        466,643  
     

 

 

 
Total Electrical Equipment

 

     7,283,438  
Electronic Equipment, Instruments & Components – 1.9%

 

Arlo Technologies, Inc.*

     21,645        273,809  

Bel Fuse, Inc., Class B

     12,410        748,447  

Benchmark Electronics, Inc.

     24,486        734,825  

Climb Global Solutions, Inc.

     3,372        239,007  

CTS Corp.

     15,928        745,271  

Daktronics, Inc.*

     35,566        354,237  

ePlus, Inc.*

     17,790        1,397,227  

Iteris, Inc.*

     14,492        71,591  

Kimball Electronics, Inc.*

     19,844        429,623  

Knowles Corp.*

     43,436        699,320  

Luna Innovations, Inc.*(a)

     17,977        57,616  

Methode Electronics, Inc.

     19,939        242,857  

Mirion Technologies, Inc.*(a)

     57,635        655,310  

Napco Security Technologies, Inc.

     11,257        452,081  

OSI Systems, Inc.*

     7,128        1,018,021  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  

PC Connection, Inc.

     10,771      $ 710,132  

Richardson Electronics Ltd.(a)

     12,454        114,701  

Rogers Corp.*

     5,068        601,521  

ScanSource, Inc.*

     20,897        920,304  

TTM Technologies, Inc.*

     77,285        1,209,510  

Vishay Precision Group, Inc.*

     10,012        353,724  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     12,029,134  
Energy Equipment & Services – 1.8%

 

Archrock, Inc.

     46,389        912,472  

Atlas Energy Solutions, Inc.(a)

     46,424        1,050,111  

Core Laboratories, Inc.

     19,380        331,010  

Diamond Offshore Drilling, Inc.*

     36,955        504,066  

DMC Global, Inc.*

     19,693        383,817  

Helix Energy Solutions Group, Inc.*

     32,619        353,590  

KLX Energy Services Holdings, Inc.*(a)

     30,648        237,216  

Kodiak Gas Services, Inc.

     17,878        488,784  

Mammoth Energy Services, Inc.*

     29,070        105,815  

Natural Gas Services Group, Inc.*

     6,993        135,874  

Newpark Resources, Inc.*

     37,065        267,609  

Oceaneering International, Inc.*

     29,118        681,361  

Oil States International, Inc.*

     20,860        128,498  

ProFrac Holding Corp., Class A*(a)

     35,889        300,032  

ProPetro Holding Corp.*

     107,994        872,591  

Ranger Energy Services, Inc.

     27,078        305,711  

RPC, Inc.(a)

     279,234        2,161,271  

Select Water Solutions, Inc.

     78,241        722,164  

Solaris Oilfield Infrastructure, Inc., Class A

     30,725        266,386  

TETRA Technologies, Inc.*

     67,121        297,346  

U.S. Silica Holdings, Inc.*

     117,233        1,454,862  
     

 

 

 
Total Energy Equipment & Services

 

     11,960,586  
Entertainment – 0.9%

 

Cinemark Holdings, Inc.*

     66,516        1,195,293  

Marcus Corp.

     9,577        136,568  

Playstudios, Inc.*

     218,110        606,346  

Sphere Entertainment Co.*(a)

     64,906        3,185,586  

Vivid Seats, Inc., Class A*(a)

     105,557        632,286  
     

 

 

 
Total Entertainment

 

     5,756,079  
Financial Services – 1.5%

 

A-Mark Precious Metals, Inc.(a)

     42,785        1,313,072  

Alerus Financial Corp.

     8,374        182,804  

Cantaloupe, Inc.*

     17,032        109,516  

Cass Information Systems, Inc.

     3,239        156,022  

Federal Agricultural Mortgage Corp., Class C

     6,532        1,286,020  

I3 Verticals, Inc., Class A*

     10,500        240,345  

International Money Express, Inc.*

     19,055        435,026  

Merchants Bancorp

     45,128        1,948,627  

NewtekOne, Inc.

     7,482        82,302  

NMI Holdings, Inc., Class A*

     82,905        2,681,148  

Paymentus Holdings, Inc., Class A*

     5,437        123,692  

Payoneer Global, Inc.*

     79,649        387,094  

Repay Holdings Corp.*

     60,801        668,811  

UWM Holdings Corp.(a)

     55,258        401,173  

Waterstone Financial, Inc.

     2,913        35,451  
     

 

 

 
Total Financial Services

 

     10,051,103  
Food Products – 1.5%

 

B&G Foods, Inc.

     69,504      795,126  

Cal-Maine Foods, Inc.

     82,080        4,830,408  

Calavo Growers, Inc.

     3,893        108,264  

Hain Celestial Group, Inc.*

     27,273        214,366  

John B Sanfilippo & Son, Inc.

     5,875        622,280  

Mama’s Creations, Inc.*

     25,878        129,390  

Seneca Foods Corp., Class A*

     6,976        396,934  

Tootsie Roll Industries, Inc.

     21,357        684,079  

TreeHouse Foods, Inc.*

     29,392        1,144,819  

Utz Brands, Inc.

     31,028        572,156  

Vital Farms, Inc.*

     14,425        335,381  
     

 

 

 
Total Food Products

 

     9,833,203  
Gas Utilities – 0.3%

 

Chesapeake Utilities Corp.

     7,598        815,265  

Northwest Natural Holding Co.

     21,782        810,726  

RGC Resources, Inc.

     7,453        150,849  
     

 

 

 
Total Gas Utilities

 

     1,776,840  
Ground Transportation – 1.1%

 

Covenant Logistics Group, Inc.

     12,614        584,785  

Daseke, Inc.*

     23,555        195,506  

Heartland Express, Inc.

     18,812        224,615  

Marten Transport Ltd.

     36,897        681,857  

RXO, Inc.*

     25,573        559,281  

Schneider National, Inc., Class B

     108,823        2,463,753  

Universal Logistics Holdings, Inc.(a)

     34,534        1,273,269  

Werner Enterprises, Inc.

     32,252        1,261,698  
     

 

 

 
Total Ground Transportation

 

     7,244,764  
Health Care Equipment & Supplies – 1.3%

 

Atrion Corp.(a)

     757        350,907  

Avanos Medical, Inc.*

     26,380        525,226  

Axogen, Inc.*

     18,551        149,707  

Embecta Corp.

     76,972        1,021,419  

ICU Medical, Inc.*

     14,895        1,598,532  

iRadimed Corp.

     4,763        209,524  

LeMaitre Vascular, Inc.

     5,183        343,944  

Omnicell, Inc.*

     21,780        636,629  

OraSure Technologies, Inc.*

     57,736        355,076  

Orthofix Medical, Inc.*

     10,110        146,797  

OrthoPediatrics Corp.*

     5,638        164,404  

Sanara Medtech, Inc.*

     3,643        134,791  

Semler Scientific, Inc.*

     4,830        141,084  

STAAR Surgical Co.*

     14,297        547,289  

Surmodics, Inc.*

     3,199        93,859  

Tactile Systems Technology, Inc.*

     19,638        319,118  

UFP Technologies, Inc.*

     2,214        558,371  

Utah Medical Products, Inc.

     2,321        165,046  

Varex Imaging Corp.*

     27,385        495,669  

Zimvie, Inc.*

     17,815        293,769  

Zynex, Inc.*(a)

     21,452        265,361  
     

 

 

 
Total Health Care Equipment & Supplies

 

     8,516,522  
Health Care Providers & Services – 2.3%

 

AdaptHealth Corp.*

     98,981        1,139,271  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  

Addus HomeCare Corp.*

     6,422      $ 663,649  

Agiliti, Inc.*

     90,637        917,246  

AirSculpt Technologies, Inc.*(a)

     36,004        221,065  

Astrana Health, Inc.*

     12,472        523,699  

Community Health Systems, Inc.*

     228,823        800,881  

Cross Country Healthcare, Inc.*

     42,226        790,471  

DocGo, Inc.*(a)

     27,240        110,050  

Enhabit, Inc.*

     21,841        254,448  

InfuSystem Holdings, Inc.*

     6,792        58,207  

Joint Corp.*(a)

     8,617        112,538  

National HealthCare Corp.

     3,638        343,827  

National Research Corp.

     6,651        263,446  

Owens & Minor, Inc.*

     27,546        763,300  

Patterson Cos., Inc.

     68,164        1,884,735  

Pediatrix Medical Group, Inc.*

     104,023        1,043,351  

Pennant Group, Inc.*

     15,778        309,722  

PetIQ, Inc.*

     21,121        386,092  

Premier, Inc., Class A

     115,586        2,554,451  

Privia Health Group, Inc.*

     25,659        502,660  

RadNet, Inc.*

     13,552        659,440  

U.S. Physical Therapy, Inc.

     3,713        419,086  
     

 

 

 
Total Health Care Providers & Services

 

     14,721,635  
Health Care REITs – 0.3%

 

Community Healthcare Trust, Inc.

     5,748        152,609  

LTC Properties, Inc.

     20,290        659,628  

National Health Investors, Inc.

     15,683        985,363  

Universal Health Realty Income Trust

     4,448        163,286  
     

 

 

 
Total Health Care REITs

 

     1,960,886  
Health Care Technology – 0.5%

 

Certara, Inc.*

     46,780        836,426  

Definitive Healthcare Corp.*(a)

     39,323        317,337  

GoodRx Holdings, Inc., Class A*

     151,803        1,077,801  

Health Catalyst, Inc.*

     14,437        108,711  

HealthStream, Inc.

     6,649        177,262  

OptimizeRx Corp.*(a)

     7,670        93,191  

Schrodinger, Inc.*

     13,577        366,579  

Simulations Plus, Inc.(a)

     4,534        186,574  
     

 

 

 
Total Health Care Technology

 

     3,163,881  
Hotel & Resort REITs – 0.4%

 

Chatham Lodging Trust

     11,129        112,514  

DiamondRock Hospitality Co.

     82,955        797,197  

RLJ Lodging Trust

     41,024        484,904  

Sunstone Hotel Investors, Inc.

     70,265        782,752  

Xenia Hotels & Resorts, Inc.

     32,964        494,790  
     

 

 

 
Total Hotel & Resort REITs

 

     2,672,157  
Hotels, Restaurants & Leisure – 3.7%

 

Accel Entertainment, Inc.*

     67,288        793,325  

Biglari Holdings, Inc., Class B*

     1,618        306,902  

BJ’s Restaurants, Inc.*

     5,642        204,128  

Bloomin’ Brands, Inc.

     91,797        2,632,738  

Bowlero Corp., Class A(a)

     77,480        1,061,476  

Brinker International, Inc.*

     35,095        1,743,520  

Carrols Restaurant Group, Inc.

     31,058      295,362  

Cheesecake Factory, Inc.

     30,102        1,088,187  

Chuy’s Holdings, Inc.*

     8,085        272,707  

Cracker Barrel Old Country Store, Inc.

     12,844        934,144  

Dave & Buster’s Entertainment, Inc.*

     26,629        1,666,975  

Denny’s Corp.*

     34,292        307,256  

Dine Brands Global, Inc.

     18,310        851,049  

El Pollo Loco Holdings, Inc.*

     29,419        286,541  

Everi Holdings, Inc.*

     89,188        896,339  

First Watch Restaurant Group, Inc.*

     13,388        329,613  

Golden Entertainment, Inc.

     43,650        1,607,629  

Jack in the Box, Inc.

     15,405        1,054,934  

Krispy Kreme, Inc.

     36,552        556,870  

Kura Sushi USA, Inc., Class A*(a)

     2,235        257,383  

Monarch Casino & Resort, Inc.

     11,416        856,086  

Nathan’s Famous, Inc.

     3,083        218,276  

ONE Group Hospitality, Inc.*(a)

     25,973        144,670  

Papa John’s International, Inc.

     10,140        675,324  

PlayAGS, Inc.*

     11,102        99,696  

Portillo’s, Inc., Class A*

     13,128        186,155  

Potbelly Corp.*

     12,730        154,160  

RCI Hospitality Holdings, Inc.

     7,108        412,264  

Sabre Corp.*

     497,690        1,204,410  

Shake Shack, Inc., Class A*

     8,423        876,245  

Six Flags Entertainment Corp.*

     24,981        657,500  

Target Hospitality Corp.*(a)

     128,418        1,395,904  

Xponential Fitness, Inc., Class A*(a)

     9,530        157,626  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     24,185,394  
Household Durables – 3.0%

 

Beazer Homes USA, Inc.*

     46,178        1,514,638  

Cavco Industries, Inc.*

     5,276        2,105,441  

Century Communities, Inc.

     27,092        2,614,378  

Cricut, Inc., Class A

     65,097        309,862  

Dream Finders Homes, Inc., Class A*(a)

     60,287        2,636,350  

Ethan Allen Interiors, Inc.

     27,314        944,245  

Green Brick Partners, Inc.*

     42,135        2,537,791  

Hovnanian Enterprises, Inc., Class A*

     8,549        1,341,680  

La-Z-Boy, Inc.

     31,754        1,194,585  

Landsea Homes Corp.*

     33,856        491,928  

Legacy Housing Corp.*

     26,212        564,082  

Lovesac Co.*

     7,900        178,540  

Snap One Holdings Corp.*

     48,922        421,708  

Sonos, Inc.*

     97,614        1,860,523  

Universal Electronics, Inc.*

     8,064        80,721  

Vizio Holding Corp., Class A*

     31,747        347,312  
     

 

 

 
Total Household Durables

 

     19,143,784  
Household Products – 0.6%

 

Central Garden & Pet Co., Class A*

     35,692        1,317,749  

Energizer Holdings, Inc.

     58,050        1,708,992  

Oil-Dri Corp. of America

     5,214        388,756  

Spectrum Brands Holdings, Inc.(a)

     7,732        688,225  
     

 

 

 
Total Household Products

 

     4,103,722  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  
Independent Power & Renewable Electricity Producers – 0.0%

 

Montauk Renewables, Inc.*

     32,905      $ 136,885  
Industrial REITs – 0.2%

 

Innovative Industrial Properties, Inc.

     15,557        1,610,772  
Insurance – 1.1%

 

Ambac Financial Group, Inc.*

     86,853        1,357,512  

AMERISAFE, Inc.

     6,968        349,585  

Crawford & Co., Class A

     25,677        242,134  

Donegal Group, Inc., Class A

     7,956        112,498  

Employers Holdings, Inc.

     16,557        751,522  

Goosehead Insurance, Inc., Class A*

     5,440        362,413  

HCI Group, Inc.

     2,585        300,067  

Heritage Insurance Holdings, Inc.*

     10,529        112,134  

Horace Mann Educators Corp.

     8,622        318,928  

Investors Title Co.

     483        78,821  

National Western Life Group, Inc., Class A

     1,639        806,322  

Palomar Holdings, Inc.*

     8,438        707,358  

ProAssurance Corp.*

     9,720        124,999  

Safety Insurance Group, Inc.

     3,057        251,255  

Skyward Specialty Insurance Group, Inc.*(a)

     12,023        449,780  

Stewart Information Services Corp.

     5,346        347,811  

Universal Insurance Holdings, Inc.

     24,517        498,185  
     

 

 

 
Total Insurance

 

     7,171,324  
Interactive Media & Services – 1.1%

 

Cargurus, Inc.*

     48,934        1,129,397  

Cars.com, Inc.*

     94,418        1,622,101  

DHI Group, Inc.*

     34,762        88,643  

QuinStreet, Inc.*

     11,895        210,066  

Shutterstock, Inc.(a)

     30,108        1,379,247  

Travelzoo*

     15,821        161,058  

TripAdvisor, Inc.*

     69,615        1,934,601  

Vimeo, Inc.*

     37,523        153,469  

ZipRecruiter, Inc., Class A*

     41,460        476,375  
     

 

 

 
Total Interactive Media & Services

 

     7,154,957  
IT Services – 0.6%

 

Grid Dynamics Holdings, Inc.*

     23,212        285,276  

Hackett Group, Inc.

     16,814        408,580  

Information Services Group, Inc.

     35,662        144,074  

Perficient, Inc.*

     19,101        1,075,195  

Squarespace, Inc., Class A*

     25,514        929,730  

Thoughtworks Holding, Inc.*(a)

     132,411        335,000  

Unisys Corp.*

     131,122        643,809  
     

 

 

 
Total IT Services

 

     3,821,664  
Leisure Products – 1.3%

 

American Outdoor Brands, Inc.*

     15,297        134,614  

AMMO, Inc.*

     55,159        151,687  

Escalade, Inc.

     7,460        102,575  

JAKKS Pacific, Inc.*

     12,754        315,024  

Johnson Outdoors, Inc., Class A

     7,513        346,425  

Latham Group, Inc.*

     47,549        188,294  

Malibu Boats, Inc., Class A*

     30,735        1,330,211  

Marine Products Corp.

     40,510        475,993  

MasterCraft Boat Holdings, Inc.*

     31,682      751,497  

Smith & Wesson Brands, Inc.

     27,484        477,122  

Solo Brands, Inc., Class A*(a)

     102,208        221,791  

Sturm Ruger & Co., Inc.

     10,980        506,727  

Topgolf Callaway Brands Corp.*

     68,772        1,112,043  

Vista Outdoor, Inc.*(a)

     73,930        2,423,425  
     

 

 

 
Total Leisure Products

 

     8,537,428  
Life Sciences Tools & Services – 0.3%

 

Cytek Biosciences, Inc.*(a)

     26,471        177,620  

Harvard Bioscience, Inc.*

     22,153        93,929  

Maravai LifeSciences Holdings, Inc., Class A*

     81,743        708,712  

Mesa Laboratories, Inc.

     3,824        419,607  

OmniAb, Inc.*

     65,314        354,002  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,753,870  
Machinery – 3.5%

 

Alamo Group, Inc.

     5,913        1,350,115  

Astec Industries, Inc.

     13,321        582,261  

Atmus Filtration Technologies, Inc.*

     69,459        2,240,053  

Columbus McKinnon Corp.

     19,406        866,090  

Commercial Vehicle Group, Inc.*

     40,532        260,621  

Douglas Dynamics, Inc.

     10,591        255,455  

Energy Recovery, Inc.*

     12,899        203,675  

Enerpac Tool Group Corp.

     24,375        869,212  

Gorman-Rupp Co.

     8,431        333,446  

Greenbrier Cos., Inc.

     21,256        1,107,438  

Helios Technologies, Inc.

     18,852        842,496  

Hillman Solutions Corp.*

     74,241        789,924  

Hyster-Yale Materials Handling, Inc.

     17,869        1,146,654  

Kennametal, Inc.

     43,033        1,073,243  

Lindsay Corp.

     5,062        595,595  

Manitowoc Co., Inc.*(a)

     43,315        612,474  

Mayville Engineering Co., Inc.*

     12,004        172,017  

Miller Industries, Inc.

     11,065        554,356  

Mueller Water Products, Inc., Class A

     53,819        865,948  

Omega Flex, Inc.(a)

     2,919        207,045  

Park-Ohio Holdings Corp.

     12,041        321,254  

Proto Labs, Inc.*

     9,361        334,656  

REV Group, Inc.

     35,106        775,491  

Shyft Group, Inc.

     32,894        408,543  

Standex International Corp.

     5,014        913,651  

Tennant Co.

     11,003        1,338,075  

Titan International, Inc.*

     64,173        799,596  

Trinity Industries, Inc.

     27,156        756,295  

Wabash National Corp.

     74,567        2,232,536  
     

 

 

 
Total Machinery

 

     22,808,215  
Media – 1.3%

 

Advantage Solutions, Inc.*

     204,457        885,299  

AMC Networks, Inc., Class A*

     59,473        721,407  

EchoStar Corp., Class A*

     66,637        949,577  

Emerald Holding, Inc.*

     26,722        181,977  

Entravision Communications Corp., Class A

     22,066        36,188  

Gannett Co., Inc.*

     187,591        457,722  

Gray Television, Inc.

     71,129        449,535  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  

John Wiley & Sons, Inc., Class A

     27,845      $ 1,061,730  

Magnite, Inc.*

     68,378        735,064  

PubMatic, Inc., Class A*

     8,748        207,503  

Scholastic Corp.

     12,615        475,712  

Sinclair, Inc.(a)

     66,134        890,825  

Stagwell, Inc.*(a)

     164,147        1,020,994  

TechTarget, Inc.*

     16,926        559,912  
     

 

 

 
Total Media

 

     8,633,445  
Metals & Mining – 0.8%

 

Compass Minerals International, Inc.

     9,503        149,577  

Haynes International, Inc.

     7,641        459,377  

Kaiser Aluminum Corp.

     4,556        407,124  

Materion Corp.

     8,660        1,140,955  

Metallus, Inc.*

     29,481        655,952  

Olympic Steel, Inc.

     6,928        491,057  

Radius Recycling, Inc.

     8,078        170,688  

Ramaco Resources, Inc., Class A

     30,783        518,386  

Ryerson Holding Corp.

     26,114        874,819  

SunCoke Energy, Inc.

     51,181        576,810  
     

 

 

 
Total Metals & Mining

 

     5,444,745  
Multi-Utilities – 0.1%

 

Unitil Corp.

     8,069        422,412  
Office REITs – 0.8%

 

Brandywine Realty Trust

     320,100        1,536,480  

Douglas Emmett, Inc.

     33,071        458,695  

Easterly Government Properties, Inc.

     23,586        271,475  

Equity Commonwealth*

     33,678        635,840  

Highwoods Properties, Inc.

     53,982        1,413,249  

Piedmont Office Realty Trust, Inc., Class A

     74,408        523,088  

Postal Realty Trust, Inc., Class A

     6,472        92,679  
     

 

 

 
Total Office REITs

 

     4,931,506  
Oil, Gas & Consumable Fuels – 4.5%

 

Amplify Energy Corp.*(a)

     77,833        514,476  

Berry Corp.

     125,026        1,006,459  

Centrus Energy Corp., Class A*(a)

     8,224        341,543  

Crescent Energy Co., Class A

     46,491        553,243  

Delek U.S. Holdings, Inc.

     102,926        3,163,945  

Evolution Petroleum Corp.(a)

     42,062        258,261  

Excelerate Energy, Inc., Class A

     19,308        309,314  

FutureFuel Corp.

     46,899        377,537  

Granite Ridge Resources, Inc.

     185,902        1,208,363  

Gulfport Energy Corp.*

     17,553        2,810,587  

Hallador Energy Co.*(a)

     58,355        311,032  

HighPeak Energy, Inc.(a)

     93,848        1,479,983  

Kinetik Holdings, Inc.

     12,195        486,215  

NACCO Industries, Inc., Class A

     5,646        170,509  

OPAL Fuels, Inc., Class A*

     20,203        101,419  

Overseas Shipholding Group, Inc., Class A

     94,701        606,087  

Par Pacific Holdings, Inc.*

     119,582        4,431,709  

REX American Resources Corp.*

     9,961        584,810  

Riley Exploration Permian, Inc.

     35,261        1,163,613  

Ring Energy, Inc.*(a)

     413,782        811,013  

SandRidge Energy, Inc.(a)

     73,176        1,066,174  

SilverBow Resources, Inc.*

     47,599      1,625,030  

Sitio Royalties Corp., Class A

     19,188        474,327  

Talos Energy, Inc.*

     32,210        448,685  

VAALCO Energy, Inc.

     91,468        637,532  

Vital Energy, Inc.*

     54,480        2,862,379  

W&T Offshore, Inc.(a)

     28,960        76,744  

World Kinect Corp.

     46,689        1,234,924  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     29,115,913  
Paper & Forest Products – 0.6%

 

Clearwater Paper Corp.*

     20,211        883,827  

Sylvamo Corp.

     48,608        3,001,058  
     

 

 

 
Total Paper & Forest Products

 

     3,884,885  
Passenger Airlines – 0.3%

 

Allegiant Travel Co.

     21,467        1,614,533  

Sun Country Airlines Holdings, Inc.*

     41,023        619,037  
     

 

 

 
Total Passenger Airlines

 

     2,233,570  
Personal Care Products – 0.6%

 

Edgewell Personal Care Co.

     31,339        1,210,939  

Medifast, Inc.

     15,966        611,817  

Nature’s Sunshine Products, Inc.*

     8,144        169,151  

Nu Skin Enterprises, Inc., Class A

     30,172        417,279  

Olaplex Holdings, Inc.*(a)

     442,304        849,223  

USANA Health Sciences, Inc.*

     10,842        525,837  
     

 

 

 
Total Personal Care Products

 

     3,784,246  
Pharmaceuticals – 1.6%

 

Amneal Pharmaceuticals, Inc.*

     197,881        1,199,159  

Amylyx Pharmaceuticals, Inc.*

     15,904        45,167  

ANI Pharmaceuticals, Inc.*

     13,398        926,204  

Arvinas, Inc.*

     12,962        535,071  

Assertio Holdings, Inc.*(a)

     161,243        154,681  

Biote Corp., Class A*(a)

     18,183        105,461  

Collegium Pharmaceutical, Inc.*

     57,982        2,250,861  

Harmony Biosciences Holdings, Inc.*

     37,795        1,269,156  

Innoviva, Inc.*

     32,563        496,260  

Ligand Pharmaceuticals, Inc.*

     13,338        975,008  

Pacira BioSciences, Inc.*

     39,155        1,144,109  

Phibro Animal Health Corp., Class A

     33,182        429,043  

SIGA Technologies, Inc.

     18,344        157,025  

Supernus Pharmaceuticals, Inc.*

     12,281        418,905  
     

 

 

 
Total Pharmaceuticals

 

     10,106,110  
Professional Services – 1.7%

 

Asure Software, Inc.*(a)

     22,257        173,160  

Barrett Business Services, Inc.

     3,872        490,660  

CRA International, Inc.

     3,476        519,940  

CSG Systems International, Inc.

     17,704        912,464  

First Advantage Corp.(a)

     76,877        1,246,945  

Forrester Research, Inc.*

     14,286        308,006  

Franklin Covey Co.*

     4,931        193,591  

Heidrick & Struggles International, Inc.

     18,693        629,206  

HireRight Holdings Corp.*

     56,348        804,086  

Huron Consulting Group, Inc.*

     7,318        707,065  

Kelly Services, Inc., Class A

     22,181        555,412  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  

Kforce, Inc.

     8,890      $ 626,923  

Legalzoom.com, Inc.*

     55,686        742,851  

Mistras Group, Inc.*

     15,407        147,291  

NV5 Global, Inc.*

     6,175        605,212  

RCM Technologies, Inc.*

     6,306        134,759  

Resources Connection, Inc.

     35,265        464,088  

Sterling Check Corp.*

     59,851        962,404  

TrueBlue, Inc.*

     15,390        192,683  

Upwork, Inc.*

     31,301        383,750  

Willdan Group, Inc.*

     9,101        263,838  
     

 

 

 
Total Professional Services

 

     11,064,334  
Real Estate Management & Development – 0.8%

 

eXp World Holdings, Inc.(a)

     31,938        329,920  

Forestar Group, Inc.*

     44,128        1,773,504  

FRP Holdings, Inc.*

     2,105        129,247  

Newmark Group, Inc., Class A

     184,410        2,045,107  

RMR Group, Inc., Class A

     26,141        627,384  

Tejon Ranch Co.*

     7,814        120,414  
     

 

 

 
Total Real Estate Management & Development

 

     5,025,576  
Residential REITs – 0.1%

 

NexPoint Residential Trust, Inc.

     23,691        762,613  
Retail REITs – 0.6%

 

Acadia Realty Trust

     36,595        622,481  

Alexander’s, Inc.

     3,481        755,864  

Getty Realty Corp.

     18,984        519,213  

NETSTREIT Corp.(a)

     14,020        257,547  

Retail Opportunity Investments Corp.

     27,088        347,268  

Saul Centers, Inc.

     9,492        365,347  

Urban Edge Properties

     25,198        435,170  

Whitestone REIT

     31,284        392,614  
     

 

 

 
Total Retail REITs

 

     3,695,504  
Semiconductors & Semiconductor Equipment – 1.4%

 

ACM Research, Inc., Class A*(a)

     46,854        1,365,326  

Aehr Test Systems*(a)

     8,768        108,723  

CEVA, Inc.*

     5,508        125,087  

Cohu, Inc.*

     25,773        859,014  

Everspin Technologies, Inc.*

     14,559        115,307  

Impinj, Inc.*(a)

     5,894        756,848  

inTEST Corp.*(a)

     11,636        154,177  

MaxLinear, Inc.*

     75,957        1,418,117  

NVE Corp.

     2,945        265,580  

PDF Solutions, Inc.*

     9,562        321,953  

Photronics, Inc.*

     50,048        1,417,359  

SiTime Corp.*

     5,238        488,339  

Ultra Clean Holdings, Inc.*

     18,265        839,094  

Veeco Instruments, Inc.*

     28,064        987,011  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     9,221,935  
Software – 4.1%

 

8x8, Inc.*

     141,996        383,389  

A10 Networks, Inc.

     36,694        502,341  

Adeia, Inc.

     142,845        1,559,867  

Agilysys, Inc.*

     5,253        442,618  

American Software, Inc., Class A

     16,857      193,013  

Amplitude, Inc., Class A*

     16,634        180,978  

AvePoint, Inc.*

     40,988        324,625  

Cerence, Inc.*

     11,029        173,707  

Clear Secure, Inc., Class A

     20,758        441,523  

Clearwater Analytics Holdings, Inc., Class A*

     26,632        471,120  

Consensus Cloud Solutions, Inc.*

     32,046        508,250  

CoreCard Corp.*(a)

     6,094        67,339  

Daily Journal Corp.*

     434        156,939  

E2open Parent Holdings, Inc.*

     147,423        654,558  

eGain Corp.*

     17,996        116,074  

Enfusion, Inc., Class A*(a)

     22,200        205,350  

Envestnet, Inc.*

     22,346        1,294,057  

Everbridge, Inc.*

     24,832        864,899  

EverCommerce, Inc.*(a)

     92,581        872,113  

Jamf Holding Corp.*(a)

     25,973        476,604  

LivePerson, Inc.*(a)

     57,533        57,383  

LiveRamp Holdings, Inc.*

     21,506        741,957  

MeridianLink, Inc.*

     15,854        296,470  

Mitek Systems, Inc.*(a)

     35,016        493,726  

Model N, Inc.*

     16,137        459,420  

N-able, Inc.*

     46,213        604,004  

NCR Voyix Corp.*

     167,503        2,115,563  

Olo, Inc., Class A*

     41,362        227,077  

PagerDuty, Inc.*(a)

     20,544        465,938  

Progress Software Corp.

     29,134        1,553,133  

PROS Holdings, Inc.*(a)

     9,538        346,515  

Q2 Holdings, Inc.*

     12,439        653,794  

Rimini Street, Inc.*(a)

     125,939        410,561  

RingCentral, Inc., Class A*

     72,334        2,512,883  

SolarWinds Corp.*

     94,293        1,189,978  

SoundThinking, Inc.*

     5,344        84,863  

Sprinklr, Inc., Class A*(a)

     32,869        403,303  

Upland Software, Inc.*

     60,561        187,133  

Verint Systems, Inc.*

     53,386        1,769,746  

Vertex, Inc., Class A*

     15,299        485,896  

Xperi, Inc.*

     84,541        1,019,564  

Yext, Inc.*

     35,895        216,447  

Zuora, Inc., Class A*

     28,066        255,962  
     

 

 

 
Total Software

 

     26,440,680  
Specialized REITs – 0.1%

 

Farmland Partners, Inc.

     17,009        188,800  

Four Corners Property Trust, Inc.

     32,005        783,162  
     

 

 

 
Total Specialized REITs

 

     971,962  
Specialty Retail – 4.6%

 

1-800-Flowers.com, Inc., Class A*(a)

     19,773        214,142  

Aaron’s Co., Inc.

     33,488        251,160  

America’s Car-Mart, Inc.*

     1,998        127,612  

Arhaus, Inc.(a)

     101,365        1,560,007  

Arko Corp.

     46,652        265,916  

Big 5 Sporting Goods Corp.(a)

     12,252        43,127  

Boot Barn Holdings, Inc.*

     16,989        1,616,503  

Buckle, Inc.

     44,928        1,809,251  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  

Build-A-Bear Workshop, Inc.

     18,609      $ 555,851  

Caleres, Inc.

     37,119        1,522,993  

Camping World Holdings, Inc., Class A

     27,288        759,971  

Chewy, Inc., Class A*(a)

     25,007        397,861  

Designer Brands, Inc., Class A

     100,232        1,095,536  

Destination XL Group, Inc.*(a)

     93,726        337,414  

Genesco, Inc.*

     9,318        262,208  

Guess?, Inc.

     73,286        2,306,310  

Haverty Furniture Cos., Inc.

     17,350        591,982  

Hibbett, Inc.

     14,381        1,104,605  

J Jill, Inc.*

     14,275        456,372  

MarineMax, Inc.*

     30,236        1,005,649  

Monro, Inc.

     12,620        398,035  

National Vision Holdings, Inc.*

     22,506        498,733  

ODP Corp.*

     38,637        2,049,693  

OneWater Marine, Inc., Class A*

     20,939        589,433  

Revolve Group, Inc.*(a)

     21,917        463,983  

Sally Beauty Holdings, Inc.*(a)

     160,471        1,993,050  

Shoe Carnival, Inc.

     27,178        995,802  

Sonic Automotive, Inc., Class A

     43,343        2,467,950  

Sportsman’s Warehouse Holdings, Inc.*

     23,306        72,482  

Torrid Holdings, Inc.*(a)

     51,433        250,993  

Upbound Group, Inc.

     52,063        1,833,138  

Victoria’s Secret & Co.*(a)

     54,232        1,051,016  

Warby Parker, Inc., Class A*

     20,881        284,190  

Winmark Corp.

     917        331,679  
     

 

 

 
Total Specialty Retail

 

     29,564,647  
Technology Hardware, Storage & Peripherals – 0.9%

 

Corsair Gaming, Inc.*

     36,829        454,470  

CPI Card Group, Inc.*

     20,444        365,129  

Eastman Kodak Co.*

     159,783        790,926  

Immersion Corp.

     53,575        400,741  

Xerox Holdings Corp.

     199,601        3,572,858  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     5,584,124  
Textiles, Apparel & Luxury Goods – 1.5%

 

Carter’s, Inc.

     23,904        2,024,191  

Figs, Inc., Class A*(a)

     39,818        198,294  

G-III Apparel Group Ltd.*

     29,558        857,477  

Levi Strauss & Co., Class A(a)

     197,167        3,941,368  

Movado Group, Inc.

     18,804        525,196  

Oxford Industries, Inc.

     16,116        1,811,438  

Rocky Brands, Inc.

     5,761        156,296  

Vera Bradley, Inc.*

     30,111        204,755  

Wolverine World Wide, Inc.

     18,598        208,484  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     9,927,499  
Tobacco – 0.4%

 

Turning Point Brands, Inc.

     6,890        201,877  

Universal Corp.

     16,613        859,225  

Vector Group Ltd.

     127,243        1,394,583  
     

 

 

 
Total Tobacco

 

     2,455,685  
Trading Companies & Distributors – 2.0%

 

Alta Equipment Group, Inc.

     20,357        263,623  

BlueLinx Holdings, Inc.*

     9,813      1,278,045  

Custom Truck One Source, Inc.*

     97,757        568,946  

Distribution Solutions Group, Inc.*(a)

     9,768        346,569  

DNOW, Inc.*

     86,197        1,310,194  

DXP Enterprises, Inc.*

     21,463        1,153,207  

EVI Industries, Inc.

     4,610        114,789  

Global Industrial Co.

     15,873        710,793  

H&E Equipment Services, Inc.

     29,183        1,872,965  

Hudson Technologies, Inc.*

     37,577        413,723  

Karat Packaging, Inc.

     15,283        437,247  

McGrath RentCorp

     14,312        1,765,671  

MRC Global, Inc.*

     85,319        1,072,460  

Titan Machinery, Inc.*(a)

     34,536        856,838  

Transcat, Inc.*

     2,277        253,726  

Willis Lease Finance Corp.*

     8,591        426,285  
     

 

 

 
Total Trading Companies & Distributors

 

     12,845,081  
Water Utilities – 0.2%

 

Artesian Resources Corp., Class A

     3,985        147,883  

Middlesex Water Co.

     4,651        244,178  

Pure Cycle Corp.*

     9,429        89,576  

SJW Group

     11,838        669,912  

York Water Co.

     6,333        229,698  
     

 

 

 
Total Water Utilities

 

     1,381,247  
Wireless Telecommunication Services – 0.3%

 

Gogo, Inc.*

     121,508        1,066,840  

Spok Holdings, Inc.

     22,040        351,538  

U.S. Cellular Corp.*

     11,967        436,795  
     

 

 

 
Total Wireless Telecommunication Services

 

     1,855,173  
Total United States

 

     641,831,292  
Canada – 0.0%

 

Insurance – 0.0%

 

Kingsway Financial Services, Inc.*

     4,193        34,970  
China – 0.1%

 

Semiconductors & Semiconductor Equipment – 0.1%

 

indie Semiconductor, Inc., Class A*(a)

     42,995        304,405  
Jersey – 0.4%

 

Chemicals – 0.4%

 

Arcadium Lithium PLC*(a)

     598,976        2,581,586  
Philippines – 0.1%

 

Professional Services – 0.1%

 

TaskUS, Inc., Class A*(a)

     36,260        422,429  
Puerto Rico – 0.4%

 

Banks – 0.2%

 

OFG Bancorp

     35,900        1,321,479  
Financial Services – 0.2%

 

EVERTEC, Inc.

     34,600        1,380,540  
Total Puerto Rico

 

     2,702,019  
TOTAL COMMON STOCKS
(Cost: $606,486,954)

 

     647,876,701  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2024

 

 

 

Investments    Shares      Value  
WARRANTS – 0.0%

 

United States – 0.0%

 

OmniAb, Inc., exercise price $12.50, expiring 11/1/27*

     2,562      $ 0  

OmniAb, Inc., exercise price $15.00, expiring 11/1/27*

     2,562        0  
TOTAL WARRANTS
(Cost: $0)

 

     0  
EXCHANGE-TRADED FUND – 0.0%

 

United States – 0.0%

 

WisdomTree U.S. MidCap Fund(b)

     
(Cost: $179,190)      3,380        206,248  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.3%

 

United States – 1.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $8,453,346)      8,453,346        8,453,346  
TOTAL INVESTMENTS IN SECURITIES – 101.2%
(Cost: $615,119,490)

 

     656,536,295  

Other Assets less Liabilities – (1.2)%

 

     (7,721,502
     

 

 

 
NET ASSETS – 100.0%

 

   $ 648,814,793  
* 

Non-income producing security.

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $43,584, which represents 0.01% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $41,498,328 and the total market value of the collateral held by the Fund was $42,609,873. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $34,156,527.

 

(b) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate    Value at
3/31/2023
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
3/31/2024
     Dividend
Income
 

WisdomTree U.S. MidCap Fund

   $ 1,253,597      $ 2,300,724      $ 3,531,467      $ 52,081      $ 131,313      $ 206,248      $ 13,057  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

           

Biotechnology

   $ 6,951,340      $      $ 43,584 *     $ 6,994,924  

Other

     640,881,777                      640,881,777  

Warrants

                   0 *       0  

Exchange-Traded Fund

     206,248                      206,248  

Investment of Cash Collateral for Securities Loaned

            8,453,346               8,453,346  

Total Investments in Securities

   $ 648,039,365      $ 8,453,346      $ 43,584      $ 656,536,295  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Schedule of Investments

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.0%

 

Air Freight & Logistics – 0.1%

 

Forward Air Corp.

     17,057      $ 530,643  
Automobile Components – 1.2%

 

Patrick Industries, Inc.

     25,771        3,078,861  

Standard Motor Products, Inc.

     30,020        1,007,171  
     

 

 

 
Total Automobile Components

 

     4,086,032  
Automobiles – 0.5%

 

Winnebago Industries, Inc.

     25,304        1,872,496  
Banks – 4.3%

 

Arrow Financial Corp.

     29,308        733,286  

Banc of California, Inc.

     228,223        3,471,272  

Bank7 Corp.

     7,506        211,669  

Brookline Bancorp, Inc.

     194,781        1,940,019  

Capital Bancorp, Inc.

     8,339        173,701  

Central Valley Community Bancorp

     9,346        185,892  

Citizens Financial Services, Inc.

     6,621        325,753  

Esquire Financial Holdings, Inc.

     3,691        175,212  

First Bank

     16,832        231,272  

First Internet Bancorp

     4,039        140,315  

International Bancshares Corp.

     72,842        4,089,350  

Live Oak Bancshares, Inc.

     15,182        630,205  

MidWestOne Financial Group, Inc.

     14,206        332,989  

MVB Financial Corp.

     14,447        322,312  

Northeast Bank

     2,793        154,565  

Parke Bancorp, Inc.

     10,695        184,221  

Pathward Financial, Inc.

     9,316        470,272  

Peoples Financial Services Corp.

     8,978        387,042  

Plumas Bancorp

     4,898        180,197  

Shore Bancshares, Inc.

     42,966        494,109  

Unity Bancorp, Inc.

     7,042        194,359  
     

 

 

 
Total Banks

 

     15,028,012  
Beverages – 0.2%

 

MGP Ingredients, Inc.

     7,827        674,140  
Building Products – 1.6%

 

Apogee Enterprises, Inc.

     19,235        1,138,712  

CSW Industrials, Inc.

     5,649        1,325,255  

Griffon Corp.

     29,323        2,150,549  

Insteel Industries, Inc.

     6,781        259,170  

Quanex Building Products Corp.

     14,190        545,322  
     

 

 

 
Total Building Products

 

     5,419,008  
Capital Markets – 8.0%

 

BGC Group, Inc., Class A

     145,924        1,133,829  

Cohen & Steers, Inc.

     82,663        6,355,958  

Diamond Hill Investment Group, Inc.

     4,755        733,078  

Oppenheimer Holdings, Inc., Class A

     6,399        255,448  

Piper Sandler Cos.

     11,940        2,369,971  

PJT Partners, Inc., Class A

     10,956        1,032,713  

Silvercrest Asset Management Group, Inc., Class A

     15,832        250,304  

StepStone Group, Inc., Class A

     94,289        3,369,889  

Victory Capital Holdings, Inc., Class A

     112,490        4,772,951  

Virtu Financial, Inc., Class A

     214,538      4,402,320  

Virtus Investment Partners, Inc.

     12,239        3,035,027  
     

 

 

 
Total Capital Markets

 

     27,711,488  
Chemicals – 3.3%

 

AdvanSix, Inc.

     29,563        845,502  

Hawkins, Inc.

     9,261        711,245  

Innospec, Inc.

     14,742        1,900,833  

Koppers Holdings, Inc.

     7,733        426,630  

Minerals Technologies, Inc.

     11,805        888,680  

Quaker Chemical Corp.

     7,703        1,581,041  

Sensient Technologies Corp.

     52,322        3,620,159  

Stepan Co.

     17,414        1,567,957  
     

 

 

 
Total Chemicals

 

     11,542,047  
Commercial Services & Supplies – 3.8%

 

ACCO Brands Corp.

     220,133        1,234,946  

Acme United Corp.

     2,055        96,564  

ARC Document Solutions, Inc.

     59,622        165,153  

Brady Corp., Class A

     33,394        1,979,596  

Brink’s Co.

     21,825        2,016,194  

Deluxe Corp.

     96,952        1,996,242  

Ennis, Inc.

     48,820        1,001,298  

Interface, Inc.

     20,325        341,867  

MillerKnoll, Inc.

     94,399        2,337,319  

Steelcase, Inc., Class A

     132,978        1,739,352  

VSE Corp.

     5,631        450,480  
     

 

 

 
Total Commercial Services & Supplies

 

     13,359,011  
Construction & Engineering – 0.8%

 

Argan, Inc.

     14,653        740,563  

Granite Construction, Inc.

     21,349        1,219,668  

Primoris Services Corp.

     18,811        800,784  
     

 

 

 
Total Construction & Engineering

 

     2,761,015  
Construction Materials – 0.2%

 

U.S. Lime & Minerals, Inc.

     2,107        628,181  
Consumer Finance – 2.3%

 

Nelnet, Inc., Class A

     15,726        1,488,466  

Regional Management Corp.

     19,982        483,764  

SLM Corp.

     270,047        5,884,324  
     

 

 

 
Total Consumer Finance

 

     7,856,554  
Consumer Staples Distribution & Retail – 1.0%

 

Andersons, Inc.

     20,737        1,189,682  

Ingles Markets, Inc., Class A

     5,415        415,222  

Natural Grocers by Vitamin Cottage, Inc.

     18,055        325,893  

PriceSmart, Inc.

     18,379        1,543,836  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     3,474,633  
Containers & Packaging – 1.1%

 

Greif, Inc., Class A

     33,377        2,304,682  

Myers Industries, Inc.

     47,894        1,109,704  

TriMas Corp.

     14,885        397,876  
     

 

 

 
Total Containers & Packaging

 

     3,812,262  
Distributors – 0.1%

 

Weyco Group, Inc.

     9,935        316,728  

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

March 31, 2024

 

 

 

Investments    Shares      Value  
Diversified Consumer Services – 1.0%

 

Carriage Services, Inc.

     12,185      $ 329,482  

Strategic Education, Inc.

     29,370        3,058,005  
     

 

 

 
Total Diversified Consumer Services

 

     3,387,487  
Diversified Telecommunication Services – 0.1%

 

Shenandoah Telecommunications Co.

     18,993        329,908  
Electric Utilities – 0.8%

 

MGE Energy, Inc.

     37,463        2,949,087  
Electrical Equipment – 1.2%

 

Allient, Inc.

     5,480        195,526  

Encore Wire Corp.

     6,145        1,614,783  

EnerSys

     18,464        1,744,110  

LSI Industries, Inc.

     17,304        261,637  

Preformed Line Products Co.

     1,926        247,818  
     

 

 

 
Total Electrical Equipment

 

     4,063,874  
Electronic Equipment, Instruments & Components – 2.3%

 

Advanced Energy Industries, Inc.

     14,343        1,462,699  

Bel Fuse, Inc., Class B

     3,978        239,913  

Belden, Inc.

     15,082        1,396,744  

Benchmark Electronics, Inc.

     42,520        1,276,025  

Climb Global Solutions, Inc.

     2,612        185,139  

Crane NXT Co.

     27,104        1,677,738  

Methode Electronics, Inc.

     37,156        452,560  

Napco Security Technologies, Inc.

     16,145        648,383  

PC Connection, Inc.

     9,214        607,479  

Richardson Electronics Ltd.

     8,131        74,887  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     8,021,567  
Energy Equipment & Services – 2.3%

 

Cactus, Inc., Class A

     32,957        1,650,816  

Core Laboratories, Inc.

     16,898        288,618  

Liberty Energy, Inc.

     111,164        2,303,318  

Ranger Energy Services, Inc.

     20,451        230,892  

RPC, Inc.(a)

     212,051        1,641,275  

Select Water Solutions, Inc.

     150,909        1,392,890  

Solaris Oilfield Infrastructure, Inc., Class A

     72,027        624,474  
     

 

 

 
Total Energy Equipment & Services

 

     8,132,283  
Financial Services – 2.1%

 

A-Mark Precious Metals, Inc.(a)

     27,844        854,532  

Cass Information Systems, Inc.

     17,081        822,792  

UWM Holdings Corp.

     210,273        1,526,582  

Walker & Dunlop, Inc.

     41,547        4,198,740  
     

 

 

 
Total Financial Services

 

     7,402,646  
Food Products – 1.3%

 

Cal-Maine Foods, Inc.

     15,563        915,883  

J & J Snack Foods Corp.

     14,758        2,133,416  

John B Sanfilippo & Son, Inc.

     14,487        1,534,463  
     

 

 

 
Total Food Products

 

     4,583,762  
Gas Utilities – 0.7%

 

Chesapeake Utilities Corp.

     22,366        2,399,872  
Ground Transportation – 1.4%

 

ArcBest Corp.

     9,282      1,322,685  

Covenant Logistics Group, Inc.

     4,717        218,680  

Heartland Express, Inc.

     28,281        337,675  

Marten Transport Ltd.

     44,393        820,383  

Universal Logistics Holdings, Inc.

     17,333        639,068  

Werner Enterprises, Inc.

     38,869        1,520,555  
     

 

 

 
Total Ground Transportation

 

     4,859,046  
Health Care Equipment & Supplies – 0.8%

 

Atrion Corp.

     2,139        991,533  

CONMED Corp.

     11,147        892,652  

LeMaitre Vascular, Inc.

     10,068        668,113  

Utah Medical Products, Inc.

     2,248        159,855  
     

 

 

 
Total Health Care Equipment & Supplies

 

     2,712,153  
Health Care Providers & Services – 3.0%

 

National Research Corp.

     12,582        498,373  

Patterson Cos., Inc.

     172,625        4,773,081  

Select Medical Holdings Corp.

     123,830        3,733,474  

U.S. Physical Therapy, Inc.

     13,072        1,475,437  
     

 

 

 
Total Health Care Providers & Services

 

     10,480,365  
Health Care Technology – 0.1%

 

Simulations Plus, Inc.(a)

     7,508        308,954  
Hotels, Restaurants & Leisure – 5.6%

 

Bloomin’ Brands, Inc.

     157,558        4,518,764  

Cheesecake Factory, Inc.

     78,328        2,831,557  

Marriott Vacations Worldwide Corp.

     65,556        7,062,348  

Monarch Casino & Resort, Inc.

     16,274        1,220,387  

RCI Hospitality Holdings, Inc.

     3,311        192,038  

Red Rock Resorts, Inc., Class A

     59,667        3,569,280  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     19,394,374  
Household Durables – 4.1%

 

Bassett Furniture Industries, Inc.

     11,050        163,098  

Century Communities, Inc.

     17,750        1,712,875  

Ethan Allen Interiors, Inc.

     57,720        1,995,380  

Hamilton Beach Brands Holding Co., Class A

     10,947        266,669  

La-Z-Boy, Inc.

     38,602        1,452,207  

MDC Holdings, Inc.

     137,202        8,631,378  
     

 

 

 
Total Household Durables

 

     14,221,607  
Household Products – 2.6%

 

Energizer Holdings, Inc.

     126,229        3,716,182  

Spectrum Brands Holdings, Inc.

     37,181        3,309,481  

WD-40 Co.

     8,407        2,129,577  
     

 

 

 
Total Household Products

 

     9,155,240  
Insurance – 1.0%

 

CNO Financial Group, Inc.

     112,314        3,086,389  

Crawford & Co., Class A

     29,284        276,148  
     

 

 

 
Total Insurance

 

     3,362,537  
Interactive Media & Services – 0.5%

 

Shutterstock, Inc.

     39,393        1,804,593  

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

March 31, 2024

 

 

 

Investments    Shares      Value  
IT Services – 0.2%

 

Hackett Group, Inc.

     23,344      $ 567,259  

Information Services Group, Inc.

     48,761        196,995  
     

 

 

 
Total IT Services

 

     764,254  
Leisure Products – 0.8%

 

Escalade, Inc.

     12,120        166,650  

Johnson Outdoors, Inc., Class A

     9,552        440,443  

Marine Products Corp.

     42,461        498,917  

Smith & Wesson Brands, Inc.

     69,770        1,211,207  

Sturm Ruger & Co., Inc.

     11,793        544,247  
     

 

 

 
Total Leisure Products

 

     2,861,464  
Machinery – 7.7%

 

Alamo Group, Inc.

     4,365        996,661  

Albany International Corp., Class A

     15,791        1,476,616  

Columbus McKinnon Corp.

     10,617        473,837  

Douglas Dynamics, Inc.

     42,869        1,034,000  

Enerpac Tool Group Corp.

     19,663        701,183  

Enpro, Inc.

     8,186        1,381,551  

ESCO Technologies, Inc.

     9,302        995,779  

Gorman-Rupp Co.

     25,346        1,002,434  

Helios Technologies, Inc.

     13,167        588,433  

Hillenbrand, Inc.

     69,912        3,515,875  

John Bean Technologies Corp.

     11,778        1,235,394  

Kadant, Inc.

     4,208        1,380,645  

Kennametal, Inc.

     119,929        2,991,029  

Lindsay Corp.

     5,670        667,132  

Mueller Water Products, Inc., Class A

     132,865        2,137,798  

Omega Flex, Inc.

     7,570        536,940  

REV Group, Inc.

     31,735        701,026  

Shyft Group, Inc.

     26,576        330,074  

Standex International Corp.

     4,592        836,754  

Tennant Co.

     10,800        1,313,388  

Terex Corp.

     40,582        2,613,481  
     

 

 

 
Total Machinery

 

     26,910,030  
Marine Transportation – 0.7%

 

Matson, Inc.

     20,708        2,327,579  
Media – 3.3%

 

Cable One, Inc.

     5,765        2,439,344  

Gray Television, Inc.

     155,256        981,218  

John Wiley & Sons, Inc., Class A

     95,517        3,642,063  

Saga Communications, Inc., Class A

     6,864        153,136  

TEGNA, Inc.

     273,788        4,090,393  

Townsquare Media, Inc., Class A

     17,088        187,626  
     

 

 

 
Total Media

 

     11,493,780  
Metals & Mining – 1.8%

 

Arch Resources, Inc.

     6,567        1,055,908  

Haynes International, Inc.

     10,268        617,312  

Materion Corp.

     7,548        994,449  

Olympic Steel, Inc.

     4,490        318,251  

Ramaco Resources, Inc., Class A

     54,772        922,360  

Ryerson Holding Corp.

     37,031        1,240,539  

Warrior Met Coal, Inc.

     18,270        1,108,989  
     

 

 

 
Total Metals & Mining

 

     6,257,808  
Oil, Gas & Consumable Fuels – 4.5%

 

Berry Corp.

     181,682      1,462,540  

Evolution Petroleum Corp.

     75,844        465,682  

HighPeak Energy, Inc.

     50,210        791,812  

Peabody Energy Corp.

     74,357        1,803,901  

PHX Minerals, Inc.

     42,549        145,092  

Riley Exploration Permian, Inc.

     42,201        1,392,633  

SandRidge Energy, Inc.

     48,137        701,356  

VAALCO Energy, Inc.

     244,752        1,705,921  

Viper Energy, Inc.

     138,987        5,345,440  

Voc Energy Trust

     20,309        122,869  

World Kinect Corp.

     71,881        1,901,253  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     15,838,499  
Paper & Forest Products – 0.8%

 

Sylvamo Corp.

     43,213        2,667,971  
Personal Care Products – 0.4%

 

Edgewell Personal Care Co.

     39,465        1,524,928  
Professional Services – 2.5%

 

Barrett Business Services, Inc.

     3,067        388,650  

CRA International, Inc.

     5,265        787,539  

CSG Systems International, Inc.

     29,865        1,539,242  

Heidrick & Struggles International, Inc.

     18,739        630,755  

HireQuest, Inc.

     8,896        115,203  

ICF International, Inc.

     6,666        1,004,100  

Kforce, Inc.

     18,491        1,303,985  

Korn Ferry

     32,024        2,105,898  

Resources Connection, Inc.

     59,744        786,231  
     

 

 

 
Total Professional Services

 

     8,661,603  
Real Estate Management & Development – 0.9%

 

Newmark Group, Inc., Class A

     97,202        1,077,970  

RMR Group, Inc., Class A

     34,028        816,672  

St. Joe Co.

     24,270        1,406,932  
     

 

 

 
Total Real Estate Management & Development

 

     3,301,574  
Retail REITs – 0.3%

 

Alexander’s, Inc.

     4,097        889,623  
Semiconductors & Semiconductor Equipment – 0.3%

 

NVE Corp.

     10,723        967,000  
Software – 0.7%

 

A10 Networks, Inc.

     61,002        835,117  

Progress Software Corp.

     25,057        1,335,789  

ReposiTrak, Inc.(a)

     7,939        125,833  
     

 

 

 
Total Software

 

     2,296,739  
Specialty Retail – 5.1%

 

Aaron’s Co., Inc.

     63,484        476,130  

Arko Corp.

     81,273        463,256  

Buckle, Inc.

     79,243        3,191,116  

Caleres, Inc.

     15,616        640,724  

Camping World Holdings, Inc., Class A

     46,381        1,291,711  

Designer Brands, Inc., Class A

     57,863        632,443  

Guess?, Inc.

     125,636        3,953,765  

Hibbett, Inc.

     8,798        675,774  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Shoe Carnival, Inc.

     23,239      $ 851,477  

Sonic Automotive, Inc., Class A

     25,175        1,433,464  

Upbound Group, Inc.

     112,798        3,971,618  
     

 

 

 
Total Specialty Retail

 

     17,581,478  
Textiles, Apparel & Luxury Goods – 5.2%

 

Carter’s, Inc.

     70,711        5,987,808  

Kontoor Brands, Inc.

     92,413        5,567,883  

Lakeland Industries, Inc.

     3,241        59,310  

Movado Group, Inc.

     34,119        952,944  

Oxford Industries, Inc.

     21,145        2,376,698  

Rocky Brands, Inc.

     6,934        188,119  

Steven Madden Ltd.

     73,290        3,098,701  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     18,231,463  
Tobacco – 0.1%

 

Turning Point Brands, Inc.

     8,334        244,186  
Trading Companies & Distributors – 3.4%

 

Global Industrial Co.

     32,631        1,461,216  

H&E Equipment Services, Inc.

     38,763        2,487,809  

Herc Holdings, Inc.

     26,688        4,491,591  

Karat Packaging, Inc.

     32,048        916,893  

McGrath RentCorp

     19,752        2,436,804  
     

 

 

 
Total Trading Companies & Distributors

 

     11,794,313  
Water Utilities – 0.9%

 

American States Water Co.

     34,745        2,509,979  

Artesian Resources Corp., Class A

     10,858        402,940  

Global Water Resources, Inc.

     11,996      154,029  
     

 

 

 
Total Water Utilities

 

     3,066,948  
Total United States

 

     344,322,845  
Puerto Rico – 0.2%

 

Financial Services – 0.2%

 

EVERTEC, Inc.

     22,238        887,296  
Singapore – 0.6%

 

Semiconductors & Semiconductor Equipment – 0.6%

 

Kulicke & Soffa Industries, Inc.

     40,103        2,017,582  
TOTAL COMMON STOCKS
(Cost: $307,903,340)

 

     347,227,723  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%

 

United States – 0.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(b)

     
(Cost: $197,883)      197,883        197,883  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $308,101,223)

 

     347,425,606  

Other Assets less Liabilities – 0.1%

        395,356  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 347,820,962  
(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,979,708 and the total market value of the collateral held by the Fund was $2,018,144. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,820,261.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

  

Investments in Securities

     

Common Stocks

   $ 347,227,723      $      $      $ 347,227,723  

Investment of Cash Collateral for Securities Loaned

            197,883               197,883  

Total Investments in Securities

   $ 347,227,723      $ 197,883      $      $ 347,425,606  

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Schedule of Investments

WisdomTree U.S. SmallCap Quality Growth Fund (QSML)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

United States – 98.0%

 

Aerospace & Defense – 0.4%

 

AerSale Corp.*

     109      $ 783  

Ducommun, Inc.*

     30        1,539  

V2X, Inc.*

     64        2,989  
     

 

 

 
Total Aerospace & Defense

 

     5,311  
Air Freight & Logistics – 0.7%

 

Air Transport Services Group, Inc.*

     132        1,816  

Forward Air Corp.

     50        1,556  

Hub Group, Inc., Class A

     132        5,705  
     

 

 

 
Total Air Freight & Logistics

 

     9,077  
Automobile Components – 2.0%

 

Dorman Products, Inc.*

     64        6,169  

Fox Factory Holding Corp.*

     87        4,530  

LCI Industries

     53        6,522  

Patrick Industries, Inc.

     46        5,496  

XPEL, Inc.*

     57        3,079  
     

 

 

 
Total Automobile Components

 

     25,796  
Automobiles – 0.3%

 

Winnebago Industries, Inc.

     62        4,588  
Beverages – 0.3%

 

MGP Ingredients, Inc.

     46        3,962  
Biotechnology – 1.1%

 

Avid Bioservices, Inc.*

     122        817  

Catalyst Pharmaceuticals, Inc.*

     218        3,475  

Dynavax Technologies Corp.*

     262        3,251  

Novavax, Inc.*

     238        1,138  

Organogenesis Holdings, Inc.*

     265        753  

Vir Biotechnology, Inc.*

     277        2,806  

Voyager Therapeutics, Inc.*

     90        838  

Zymeworks, Inc.*

     148        1,557  
     

 

 

 
Total Biotechnology

 

     14,635  
Building Products – 3.7%

 

Armstrong World Industries, Inc.

     90        11,180  

AZZ, Inc.

     52        4,020  

CSW Industrials, Inc.

     32        7,507  

Hayward Holdings, Inc.*

     443        6,782  

Insteel Industries, Inc.

     40        1,529  

Janus International Group, Inc.*

     301        4,554  

JELD-WEN Holding, Inc.*

     176        3,737  

Quanex Building Products Corp.

     66        2,536  

Resideo Technologies, Inc.*

     299        6,704  
     

 

 

 
Total Building Products

 

     48,549  
Capital Markets – 4.8%

 

AssetMark Financial Holdings, Inc.*

     152        5,382  

B Riley Financial, Inc.

     68        1,440  

Brightsphere Investment Group, Inc.

     86        1,964  

Cohen & Steers, Inc.

     102        7,843  

Donnelley Financial Solutions, Inc.*

     58        3,597  

Hamilton Lane, Inc., Class A

     77        8,682  

Open Lending Corp., Class A*

     252      1,577  

P10, Inc., Class A

     197        1,659  

Perella Weinberg Partners

     84        1,187  

Piper Sandler Cos.

     36        7,146  

PJT Partners, Inc., Class A

     49        4,619  

StepStone Group, Inc., Class A

     129        4,610  

StoneX Group, Inc.*

     63        4,426  

Victory Capital Holdings, Inc., Class A

     133        5,643  

Virtus Investment Partners, Inc.

     15        3,720  
     

 

 

 
Total Capital Markets

 

     63,495  
Chemicals – 2.1%

 

AdvanSix, Inc.

     56        1,602  

Core Molding Technologies, Inc.*

     18        341  

Hawkins, Inc.

     43        3,302  

Ingevity Corp.*

     77        3,673  

Innospec, Inc.

     50        6,447  

Intrepid Potash, Inc.*

     28        584  

Koppers Holdings, Inc.

     42        2,317  

LSB Industries, Inc.*

     156        1,370  

Quaker Chemical Corp.

     37        7,594  
     

 

 

 
Total Chemicals

 

     27,230  
Commercial Services & Supplies – 0.4%

 

Driven Brands Holdings, Inc.*

     341        5,384  
Communications Equipment – 0.9%

 

Aviat Networks, Inc.*

     24        920  

Calix, Inc.*

     135        4,477  

Clearfield, Inc.*

     32        987  

Digi International, Inc.*

     72        2,299  

Extreme Networks, Inc.*

     262        3,023  
     

 

 

 
Total Communications Equipment

 

     11,706  
Construction & Engineering – 3.5%

 

Arcosa, Inc.

     98        8,414  

Construction Partners, Inc., Class A*

     104        5,840  

Dycom Industries, Inc.*

     60        8,612  

IES Holdings, Inc.*

     42        5,109  

MYR Group, Inc.*

     34        6,009  

Primoris Services Corp.

     109        4,640  

Sterling Infrastructure, Inc.*

     63        6,950  
     

 

 

 
Total Construction & Engineering

 

     45,574  
Construction Materials – 0.3%

 

U.S. Lime & Minerals, Inc.

     12        3,578  
Consumer Finance – 0.4%

 

Enova International, Inc.*

     62        3,895  

World Acceptance Corp.*

     13        1,885  
     

 

 

 
Total Consumer Finance

 

     5,780  
Consumer Staples Distribution & Retail – 1.3%

 

Andersons, Inc.

     69        3,959  

Chefs’ Warehouse, Inc.*

     81        3,050  

Grocery Outlet Holding Corp.*

     199        5,727  

Ingles Markets, Inc., Class A

     38        2,914  

United Natural Foods, Inc.*

     126        1,448  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     17,098  

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Quality Growth Fund (QSML)

March 31, 2024

 

 

 

Investments    Shares      Value  
Containers & Packaging – 0.7%

 

Greif, Inc., Class A

     115      $ 7,941  

Myers Industries, Inc.

     72        1,668  
     

 

 

 
Total Containers & Packaging

 

     9,609  
Diversified Consumer Services – 1.7%

 

European Wax Center, Inc., Class A*

     107        1,389  

Frontdoor, Inc.*

     161        5,246  

Mister Car Wash, Inc.*

     667        5,169  

Strategic Education, Inc.

     49        5,102  

Stride, Inc.*

     87        5,485  
     

 

 

 
Total Diversified Consumer Services

 

     22,391  
Diversified Telecommunication Services – 0.6%

 

Bandwidth, Inc., Class A*

     56        1,022  

Cogent Communications Holdings, Inc.

     100        6,533  
     

 

 

 
Total Diversified Telecommunication Services

 

     7,555  
Electrical Equipment – 1.4%

 

Array Technologies, Inc.*

     318        4,741  

Encore Wire Corp.

     32        8,409  

LSI Industries, Inc.

     60        907  

Preformed Line Products Co.

     10        1,287  

Vicor Corp.*

     94        3,595  
     

 

 

 
Total Electrical Equipment

 

     18,939  
Electronic Equipment, Instruments & Components – 2.1%

 

Advanced Energy Industries, Inc.

     75        7,649  

ePlus, Inc.*

     56        4,398  

Kimball Electronics, Inc.*

     52        1,126  

Napco Security Technologies, Inc.

     75        3,012  

Plexus Corp.*

     56        5,310  

Vishay Intertechnology, Inc.

     280        6,350  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     27,845  
Energy Equipment & Services – 1.2%

 

Bristow Group, Inc.*

     60        1,632  

Cactus, Inc., Class A

     131        6,562  

Liberty Energy, Inc.

     338        7,003  

Ranger Energy Services, Inc.

     50        565  
     

 

 

 
Total Energy Equipment & Services

 

     15,762  
Financial Services – 4.1%

 

A-Mark Precious Metals, Inc.

     48        1,473  

Cantaloupe, Inc.*

     148        952  

Euronet Worldwide, Inc.*

     95        10,443  

International Money Express, Inc.*

     68        1,552  

Merchants Bancorp

     88        3,800  

Mr. Cooper Group, Inc.*

     136        10,601  

NewtekOne, Inc.

     52        572  

NMI Holdings, Inc., Class A*

     162        5,239  

PennyMac Financial Services, Inc.

     103        9,382  

Shift4 Payments, Inc., Class A*

     121        7,995  

UWM Holdings Corp.

     199        1,445  
     

 

 

 
Total Financial Services

 

     53,454  
Food Products – 1.8%

 

Cal-Maine Foods, Inc.

     101        5,944  

John B Sanfilippo & Son, Inc.

     24      2,542  

Seaboard Corp.

     2        6,448  

Simply Good Foods Co.*

     197        6,704  

Vital Farms, Inc.*

     86        1,999  
     

 

 

 
Total Food Products

 

     23,637  
Ground Transportation – 0.9%

 

ArcBest Corp.

     50        7,125  

Heartland Express, Inc.

     165        1,970  

Marten Transport Ltd.

     167        3,086  
     

 

 

 
Total Ground Transportation

 

     12,181  
Health Care Equipment & Supplies – 3.1%

 

Axonics, Inc.*

     104        7,173  

Inari Medical, Inc.*

     117        5,614  

iRadimed Corp.

     24        1,056  

LeMaitre Vascular, Inc.

     46        3,053  

Neogen Corp.*

     446        7,038  

OraSure Technologies, Inc.*

     142        873  

Semler Scientific, Inc.*

     10        292  

STAAR Surgical Co.*

     103        3,943  

Tactile Systems Technology, Inc.*

     48        780  

Tandem Diabetes Care, Inc.*

     137        4,851  

Treace Medical Concepts, Inc.*

     130        1,696  

UFP Technologies, Inc.*

     16        4,035  

Zynex, Inc.*

     66        816  
     

 

 

 
Total Health Care Equipment & Supplies

 

     41,220  
Health Care Providers & Services – 3.1%

 

Addus HomeCare Corp.*

     34        3,514  

AMN Healthcare Services, Inc.*

     77        4,813  

Astrana Health, Inc.*

     98        4,115  

CorVel Corp.*

     36        9,467  

Cross Country Healthcare, Inc.*

     72        1,348  

Fulgent Genetics, Inc.*

     60        1,302  

Hims & Hers Health, Inc.*

     420        6,497  

National Research Corp.

     50        1,980  

Progyny, Inc.*

     193        7,363  
     

 

 

 
Total Health Care Providers & Services

 

     40,399  
Health Care Technology – 0.9%

 

GoodRx Holdings, Inc., Class A*

     856        6,078  

Schrodinger, Inc.*

     150        4,050  

Simulations Plus, Inc.

     40        1,646  
     

 

 

 
Total Health Care Technology

 

     11,774  
Hotels, Restaurants & Leisure – 4.3%

 

Accel Entertainment, Inc.*

     170        2,004  

Bloomin’ Brands, Inc.

     179        5,134  

Dave & Buster’s Entertainment, Inc.*

     91        5,697  

Everi Holdings, Inc.*

     183        1,839  

Golden Entertainment, Inc.

     56        2,062  

Hilton Grand Vacations, Inc.*

     232        10,953  

Jack in the Box, Inc.

     42        2,876  

Monarch Casino & Resort, Inc.

     40        3,000  

Papa John’s International, Inc.

     67        4,462  

RCI Hospitality Holdings, Inc.

     20        1,160  

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Quality Growth Fund (QSML)

March 31, 2024

 

 

 

Investments    Shares      Value  

Red Rock Resorts, Inc., Class A

     121      $ 7,238  

Target Hospitality Corp.*

     206        2,239  

United Parks & Resorts, Inc.*

     133        7,476  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     56,140  
Household Durables – 5.8%

 

Cavco Industries, Inc.*

     17        6,784  

Century Communities, Inc.

     66        6,369  

Cricut, Inc., Class A

     462        2,199  

Green Brick Partners, Inc.*

     93        5,602  

Hovnanian Enterprises, Inc., Class A*

     13        2,040  

Landsea Homes Corp.*

     78        1,133  

LGI Homes, Inc.*

     49        5,702  

Lovesac Co.*

     32        723  

M/I Homes, Inc.*

     58        7,905  

MDC Holdings, Inc.

     156        9,814  

Skyline Champion Corp.*

     119        10,116  

Sonos, Inc.*

     258        4,918  

Tri Pointe Homes, Inc.*

     199        7,693  

Vizio Holding Corp., Class A*

     410        4,486  
     

 

 

 
Total Household Durables

 

     75,484  
Household Products – 0.5%

 

WD-40 Co.

     27        6,839  
Insurance – 0.6%

 

Goosehead Insurance, Inc., Class A*

     49        3,264  

Palomar Holdings, Inc.*

     50        4,192  
     

 

 

 
Total Insurance

 

     7,456  
Interactive Media & Services – 1.2%

 

Cargurus, Inc.*

     227        5,239  

EverQuote, Inc., Class A*

     68        1,262  

Shutterstock, Inc.

     75        3,436  

Yelp, Inc.*

     139        5,477  
     

 

 

 
Total Interactive Media & Services

 

     15,414  
IT Services – 1.2%

 

Couchbase, Inc.*

     97        2,552  

DigitalOcean Holdings, Inc.*

     179        6,834  

Grid Dynamics Holdings, Inc.*

     148        1,819  

Perficient, Inc.*

     71        3,997  
     

 

 

 
Total IT Services

 

     15,202  
Leisure Products – 2.6%

 

Acushnet Holdings Corp.

     135        8,903  

Funko, Inc., Class A*

     110        686  

Johnson Outdoors, Inc., Class A

     22        1,015  

Malibu Boats, Inc., Class A*

     44        1,904  

MasterCraft Boat Holdings, Inc.*

     36        854  

Smith & Wesson Brands, Inc.

     92        1,597  

Sturm Ruger & Co., Inc.

     36        1,661  

Topgolf Callaway Brands Corp.*

     393        6,355  

Vista Outdoor, Inc.*

     116        3,803  

YETI Holdings, Inc.*

     181        6,978  
     

 

 

 
Total Leisure Products

 

     33,756  
Machinery – 2.9%

 

Alamo Group, Inc.

     25      5,708  

Helios Technologies, Inc.

     69        3,084  

Hillenbrand, Inc.

     144        7,242  

John Bean Technologies Corp.

     65        6,818  

Kadant, Inc.

     24        7,874  

Lindsay Corp.

     22        2,588  

Shyft Group, Inc.

     73        907  

Titan International, Inc.*

     130        1,620  

Wabash National Corp.

     94        2,814  
     

 

 

 
Total Machinery

 

     38,655  
Marine Transportation – 0.6%

 

Matson, Inc.

     71        7,980  
Media – 1.1%

 

Boston Omaha Corp., Class A*

     64        989  

Gray Television, Inc.

     191        1,207  

PubMatic, Inc., Class A*

     104        2,467  

Sinclair, Inc.

     136        1,832  

TEGNA, Inc.

     403        6,021  

Thryv Holdings, Inc.*

     72        1,601  
     

 

 

 
Total Media

 

     14,117  
Metals & Mining – 2.9%

 

Alpha Metallurgical Resources, Inc.

     27        8,942  

Arch Resources, Inc.

     38        6,110  

Materion Corp.

     42        5,533  

MP Materials Corp.*

     380        5,434  

Olympic Steel, Inc.

     22        1,559  

Ramaco Resources, Inc., Class A

     112        1,886  

Ryerson Holding Corp.

     69        2,312  

Warrior Met Coal, Inc.

     109        6,616  
     

 

 

 
Total Metals & Mining

 

     38,392  
Oil, Gas & Consumable Fuels – 5.3%

 

Amplify Energy Corp.*

     84        555  

Berry Corp.

     155        1,248  

Comstock Resources, Inc.

     567        5,262  

CONSOL Energy, Inc.

     65        5,444  

CVR Energy, Inc.

     204        7,275  

Evolution Petroleum Corp.

     66        405  

Hallador Energy Co.*

     50        267  

HighPeak Energy, Inc.

     260        4,100  

Kinetik Holdings, Inc.

     109        4,346  

Northern Oil & Gas, Inc.

     206        8,174  

Par Pacific Holdings, Inc.*

     124        4,595  

Peabody Energy Corp.

     270        6,550  

REX American Resources Corp.*

     34        1,996  

Riley Exploration Permian, Inc.

     42        1,386  

Ring Energy, Inc.*

     384        753  

SandRidge Energy, Inc.

     74        1,078  

SilverBow Resources, Inc.*

     52        1,775  

Sitio Royalties Corp., Class A

     166        4,104  

VAALCO Energy, Inc.

     214        1,492  

Viper Energy, Inc.

     143        5,500  

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Quality Growth Fund (QSML)

March 31, 2024

 

 

 

Investments    Shares      Value  

Vital Energy, Inc.*

     56      $ 2,942  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     69,247  
Passenger Airlines – 0.1%

 

Sun Country Airlines Holdings, Inc.*

     113        1,705  
Personal Care Products – 0.8%

 

Inter Parfums, Inc.

     65        9,133  

Medifast, Inc.

     23        881  
     

 

 

 
Total Personal Care Products

 

     10,014  
Pharmaceuticals – 1.4%

 

Amphastar Pharmaceuticals, Inc.*

     99        4,347  

Collegium Pharmaceutical, Inc.*

     64        2,484  

Corcept Therapeutics, Inc.*

     210        5,290  

Harmony Biosciences Holdings, Inc.*

     122        4,097  

Pacira BioSciences, Inc.*

     95        2,776  
     

 

 

 
Total Pharmaceuticals

 

     18,994  
Professional Services – 4.1%

 

Barrett Business Services, Inc.

     14        1,774  

CBIZ, Inc.*

     100        7,850  

CRA International, Inc.

     14        2,094  

Exponent, Inc.

     103        8,517  

Heidrick & Struggles International, Inc.

     42        1,414  

Huron Consulting Group, Inc.*

     39        3,768  

Korn Ferry

     107        7,036  

Legalzoom.com, Inc.*

     374        4,989  

NV5 Global, Inc.*

     33        3,235  

TTEC Holdings, Inc.

     70        726  

Upwork, Inc.*

     277        3,396  

Verra Mobility Corp.*

     336        8,390  
     

 

 

 
Total Professional Services

 

     53,189  
Semiconductors & Semiconductor Equipment – 3.8%

 

ACM Research, Inc., Class A*

     122        3,555  

Aehr Test Systems*

     63        781  

Axcelis Technologies, Inc.*

     64        7,137  

Cirrus Logic, Inc.*

     108        9,996  

Cohu, Inc.*

     96        3,200  

Diodes, Inc.*

     94        6,627  

Impinj, Inc.*

     56        7,191  

inTEST Corp.*

     26        345  

MaxLinear, Inc.*

     166        3,099  

NVE Corp.

     10        902  

Photronics, Inc.*

     126        3,568  

SiTime Corp.*

     42        3,916  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     50,317  
Software – 4.6%

 

Alarm.com Holdings, Inc.*

     103        7,464  

AvePoint, Inc.*

     370        2,930  

BlackLine, Inc.*

     127        8,202  

Box, Inc., Class A*

     292        8,269  

CS Disco, Inc.*

     128        1,041  

Intapp, Inc.*

     141        4,836  

MeridianLink, Inc.*

     167        3,123  

Mitek Systems, Inc.*

     90        1,269  

N-able, Inc.*

     374      4,888  

Olo, Inc., Class A*

     354        1,943  

ON24, Inc.

     82        586  

Progress Software Corp.

     90        4,798  

SEMrush Holdings, Inc., Class A*

     292        3,872  

Sprout Social, Inc., Class A*

     118        7,046  
     

 

 

 
Total Software

 

     60,267  
Specialty Retail – 5.1%

 

Aaron’s Co., Inc.

     69        518  

Academy Sports & Outdoors, Inc.

     161        10,874  

America’s Car-Mart, Inc.*

     12        766  

Boot Barn Holdings, Inc.*

     65        6,185  

Buckle, Inc.

     104        4,188  

Build-A-Bear Workshop, Inc.

     30        896  

Camping World Holdings, Inc., Class A

     94        2,618  

CarParts.com, Inc.*

     49        79  

Group 1 Automotive, Inc.

     29        8,475  

Guess?, Inc.

     110        3,462  

Haverty Furniture Cos., Inc.

     34        1,160  

Hibbett, Inc.

     26        1,997  

Leslie’s, Inc.*

     392        2,548  

MarineMax, Inc.*

     48        1,596  

National Vision Holdings, Inc.*

     164        3,634  

OneWater Marine, Inc., Class A*

     30        845  

Petco Health & Wellness Co., Inc.*

     626        1,427  

Revolve Group, Inc.*

     158        3,345  

Shoe Carnival, Inc.

     58        2,125  

Sonic Automotive, Inc., Class A

     71        4,043  

Sportsman’s Warehouse Holdings, Inc.*

     91        283  

Victoria’s Secret & Co.*

     164        3,178  

Winmark Corp.

     7        2,532  
     

 

 

 
Total Specialty Retail

 

     66,774  
Technology Hardware, Storage & Peripherals – 0.2%

 

Corsair Gaming, Inc.*

     206        2,542  
Textiles, Apparel & Luxury Goods – 1.5%

 

Figs, Inc., Class A*

     346        1,723  

Kontoor Brands, Inc.

     110        6,627  

Movado Group, Inc.

     45        1,257  

Oxford Industries, Inc.

     32        3,597  

Steven Madden Ltd.

     153        6,469  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     19,673  
Tobacco – 0.4%

 

Turning Point Brands, Inc.

     36        1,055  

Vector Group Ltd.

     324        3,551  
     

 

 

 
Total Tobacco

 

     4,606  
Trading Companies & Distributors – 3.2%

 

Alta Equipment Group, Inc.

     68        881  

BlueLinx Holdings, Inc.*

     18        2,344  

GMS, Inc.*

     84        8,177  

Herc Holdings, Inc.

     60        10,098  

Hudson Technologies, Inc.*

     95        1,046  

Karat Packaging, Inc.

     42        1,202  

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Quality Growth Fund (QSML)

March 31, 2024

 

 

 

Investments    Shares      Value  

McGrath RentCorp

     50      $ 6,168  

Rush Enterprises, Inc., Class A

     164        8,777  

Titan Machinery, Inc.*

     50        1,240  

Transcat, Inc.*

     18        2,006  
     

 

 

 
Total Trading Companies & Distributors

 

     41,939  
Total United States

 

     1,285,231  
Ghana – 0.4%

 

Oil, Gas & Consumable Fuels – 0.4%

 

Kosmos Energy Ltd.*

     923        5,501  
Jersey – 0.3%

 

Chemicals – 0.3%

 

Arcadium Lithium PLC*

     904        3,896  
Puerto Rico – 0.4%

 

Financial Services – 0.4%

 

EVERTEC, Inc.

     132      5,267  
Singapore – 0.4%

 

Semiconductors & Semiconductor Equipment – 0.4%

 

Kulicke & Soffa Industries, Inc.

     115        5,786  
TOTAL INVESTMENTS IN SECURITIES – 99.5%
(Cost: $1,245,189)

 

     1,305,681  

Other Assets less Liabilities – 0.5%

        6,397  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,312,078  
* 

Non-income producing security.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

  

Investments in Securities

     

Common Stocks

   $ 1,305,681      $      $      $ 1,305,681  

Total Investments in Securities

   $ 1,305,681      $      $      $ 1,305,681  

 

See Notes to Financial Statements.

 

98   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.7%

 

Aerospace & Defense – 1.5%

 

BWX Technologies, Inc.

     3,121      $ 320,277  

General Dynamics Corp.

     8,725        2,464,725  

HEICO Corp., Class A

     2,170        334,050  

Howmet Aerospace, Inc.

     4,860        332,570  

Huntington Ingalls Industries, Inc.

     1,554        452,944  

L3Harris Technologies, Inc.

     6,615        1,409,657  

Lockheed Martin Corp.

     10,974        4,991,743  

Northrop Grumman Corp.

     3,545        1,696,850  

RTX Corp.

     63,059        6,150,144  

Textron, Inc.

     2,837        272,154  

Woodward, Inc.

     1,694        261,079  
     

 

 

 
Total Aerospace & Defense

 

     18,686,193  
Air Freight & Logistics – 0.8%

 

CH Robinson Worldwide, Inc.

     4,792        364,863  

Expeditors International of Washington, Inc.

     4,730        575,026  

FedEx Corp.

     7,343        2,127,561  

United Parcel Service, Inc., Class B

     45,909        6,823,454  
     

 

 

 
Total Air Freight & Logistics

 

     9,890,904  
Automobile Components – 0.1%

 

BorgWarner, Inc.

     6,958        241,721  

Dana, Inc.

     10,001        127,013  

Gentex Corp.

     7,818        282,386  

LCI Industries

     2,285        281,192  

Lear Corp.

     2,508        363,359  

Patrick Industries, Inc.

     3,176        379,437  

Phinia, Inc.

     3,702        142,268  
     

 

 

 
Total Automobile Components

 

     1,817,376  
Automobiles – 0.2%

 

General Motors Co.

     25,136        1,139,918  

Harley-Davidson, Inc.

     4,264        186,507  

Thor Industries, Inc.

     3,009        353,076  

Winnebago Industries, Inc.

     3,220        238,280  
     

 

 

 
Total Automobiles

 

     1,917,781  
Banks – 8.4%

 

1st Source Corp.

     2,762        144,784  

Ameris Bancorp

     2,940        142,237  

Associated Banc-Corp.

     10,313        221,833  

Atlantic Union Bankshares Corp.

     3,949        139,439  

Banc of California, Inc.

     13,175        200,392  

BancFirst Corp.

     1,208        106,340  

Bank of America Corp.

     367,270        13,926,878  

Bank of Hawaii Corp.(a)

     3,173        197,963  

Bank OZK

     8,636        392,593  

BankUnited, Inc.

     5,773        161,644  

Berkshire Hills Bancorp, Inc.

     7,436        170,433  

BOK Financial Corp.

     3,110        286,120  

Cadence Bank

     8,315        241,135  

Capitol Federal Financial, Inc.

     9,101        54,242  

Cathay General Bancorp

     7,546        285,465  

Citigroup, Inc.

     127,960      8,092,190  

City Holding Co.

     2,925        304,843  

Columbia Banking System, Inc.

     18,591        359,736  

Comerica, Inc.

     9,834        540,772  

Commerce Bancshares, Inc.

     4,267        227,004  

Community Bank System, Inc.

     4,424        212,485  

Community Trust Bancorp, Inc.

     2,925        124,751  

Cullen/Frost Bankers, Inc.

     3,696        416,059  

CVB Financial Corp.

     5,801        103,490  

Eagle Bancorp, Inc.

     1,297        30,467  

East West Bancorp, Inc.

     9,339        738,808  

Eastern Bankshares, Inc.

     15,570        214,555  

Enterprise Financial Services Corp.

     5,973        242,265  

FB Financial Corp.

     4,336        163,294  

Fifth Third Bancorp

     47,939        1,783,810  

First Bancorp/Southern Pines NC

     2,528        91,311  

First Busey Corp.

     12,134        291,823  

First Citizens BancShares, Inc., Class A

     176        287,760  

First Commonwealth Financial Corp.

     13,845        192,722  

First Financial Bancorp

     9,380        210,300  

First Financial Bankshares, Inc.

     6,843        224,519  

First Hawaiian, Inc.

     7,716        169,443  

First Interstate BancSystem, Inc., Class A

     7,550        205,436  

First Merchants Corp.

     8,243        287,681  

Five Star Bancorp

     5,921        133,223  

FNB Corp.

     35,109        495,037  

Fulton Financial Corp.

     15,141        240,590  

German American Bancorp, Inc.

     4,618        159,968  

Glacier Bancorp, Inc.

     5,731        230,845  

Hancock Whitney Corp.

     3,780        174,031  

Heartland Financial USA, Inc.

     3,162        111,144  

Heritage Commerce Corp.

     16,423        140,909  

Heritage Financial Corp.

     8,217        159,328  

Hilltop Holdings, Inc.

     6,487        203,173  

Home BancShares, Inc.

     14,754        362,506  

Hope Bancorp, Inc.

     13,691        157,583  

Huntington Bancshares, Inc.

     118,472        1,652,684  

Independent Bank Corp.

     3,431        178,481  

Independent Bank Group, Inc.

     1,879        85,776  

International Bancshares Corp.

     4,241        238,090  

JPMorgan Chase & Co.

     174,194        34,891,058  

Lakeland Financial Corp.

     2,418        160,362  

M&T Bank Corp.

     10,068        1,464,290  

National Bank Holdings Corp., Class A

     5,322        191,965  

NBT Bancorp, Inc.

     5,079        186,298  

New York Community Bancorp, Inc.(a)

     103,788        334,197  

Northwest Bancshares, Inc.

     18,678        217,599  

Old National Bancorp

     12,248        213,238  

Origin Bancorp, Inc.

     4,365        136,363  

Pacific Premier Bancorp, Inc.

     7,942        190,608  

Park National Corp.

     1,019        138,431  

Peapack-Gladstone Financial Corp.

     5,480        133,328  

Peoples Bancorp, Inc.

     9,591        283,990  

Pinnacle Financial Partners, Inc.

     1,638        140,671  

 

See Notes to Financial Statements.

 

WisdomTree Trust      99  


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  

PNC Financial Services Group, Inc.

     25,057      $ 4,049,211  

Preferred Bank

     1,984        152,312  

Prosperity Bancshares, Inc.

     3,499        230,164  

Provident Financial Services, Inc.

     7,449        108,532  

QCR Holdings, Inc.

     3,802        230,933  

Regions Financial Corp.

     78,367        1,648,842  

Renasant Corp.

     6,017        188,452  

S&T Bancorp, Inc.

     7,127        228,634  

Seacoast Banking Corp. of Florida

     6,273        159,271  

ServisFirst Bancshares, Inc.

     1,585        105,181  

Simmons First National Corp., Class A

     7,971        155,116  

Southern States Bancshares, Inc.

     4,876        126,386  

Southside Bancshares, Inc.

     3,656        106,865  

SouthState Corp.

     3,478        295,734  

Stock Yards Bancorp, Inc.

     3,011        147,268  

Synovus Financial Corp.

     7,970        319,278  

TFS Financial Corp.

     21,027        264,099  

Towne Bank

     5,178        145,295  

TriCo Bancshares

     2,131        78,378  

Trustmark Corp.

     7,579        213,046  

U.S. Bancorp

     112,692        5,037,332  

UMB Financial Corp.

     1,719        149,536  

United Bankshares, Inc.

     8,974        321,179  

United Community Banks, Inc.

     8,469        222,904  

Univest Financial Corp.

     7,279        151,549  

Valley National Bancorp

     28,438        226,366  

Veritex Holdings, Inc.

     4,907        100,544  

WaFd, Inc.

     9,253        268,615  

Webster Financial Corp.

     8,518        432,459  

Wells Fargo & Co.

     168,391        9,759,942  

WesBanco, Inc.

     4,353        129,763  

Westamerica BanCorp

     2,859        139,748  

Western Alliance Bancorp

     3,665        235,256  

Wintrust Financial Corp.

     1,522        158,882  

WSFS Financial Corp.

     4,078        184,081  

Zions Bancorp NA

     9,076        393,898  
     

 

 

 
Total Banks

 

     102,457,839  
Beverages – 3.3%

 

Brown-Forman Corp., Class A

     2,436        128,986  

Brown-Forman Corp., Class B

     9,418        486,157  

Coca-Cola Co.

     308,403        18,868,096  

Constellation Brands, Inc., Class A

     6,248        1,697,956  

Keurig Dr. Pepper, Inc.

     62,571        1,919,053  

Molson Coors Beverage Co., Class B

     9,629        647,550  

PepsiCo, Inc.

     95,000        16,625,950  
     

 

 

 
Total Beverages

 

     40,373,748  
Biotechnology – 3.5%

 

AbbVie, Inc.

     165,681        30,170,510  

Amgen, Inc.

     25,455        7,237,366  

Gilead Sciences, Inc.

     70,853        5,189,982  
     

 

 

 
Total Biotechnology

 

     42,597,858  
Broadline Retail – 0.2%

 

eBay, Inc.

     20,004      1,055,811  

Kohl’s Corp.

     12,887        375,656  

Macy’s, Inc.

     13,837        276,602  

Nordstrom, Inc.

     18,720        379,454  
     

 

 

 
Total Broadline Retail

 

     2,087,523  
Building Products – 0.4%

 

Advanced Drainage Systems, Inc.

     1,461        251,643  

AO Smith Corp.

     4,501        402,659  

Apogee Enterprises, Inc.

     2,886        170,851  

Armstrong World Industries, Inc.

     2,184        271,296  

AZZ, Inc.

     2,387        184,539  

Carlisle Cos., Inc.

     1,336        523,512  

Carrier Global Corp.

     18,092        1,051,688  

Fortune Brands Innovations, Inc.

     3,681        311,670  

Lennox International, Inc.

     1,035        505,867  

Masco Corp.

     9,128        720,017  

Owens Corning

     2,691        448,859  

Simpson Manufacturing Co., Inc.

     1,129        231,648  

UFP Industries, Inc.

     2,255        277,387  

Zurn Elkay Water Solutions Corp.

     5,264        176,186  
     

 

 

 
Total Building Products

 

     5,527,822  
Capital Markets – 4.7%

 

Ameriprise Financial, Inc.

     3,510        1,538,924  

Ares Management Corp., Class A

     8,921        1,186,315  

Bank of New York Mellon Corp.

     40,247        2,319,032  

BlackRock, Inc.

     6,092        5,078,900  

Blackstone, Inc.

     29,464        3,870,686  

Blue Owl Capital, Inc.

     32,740        617,476  

Carlyle Group, Inc.

     17,678        829,275  

Cboe Global Markets, Inc.

     3,757        690,274  

Charles Schwab Corp.

     42,403        3,067,433  

CME Group, Inc.

     10,836        2,332,882  

Cohen & Steers, Inc.

     3,544        272,498  

Evercore, Inc., Class A

     2,234        430,246  

FactSet Research Systems, Inc.

     625        283,994  

Franklin Resources, Inc.

     32,735        920,181  

Goldman Sachs Group, Inc.

     16,064        6,709,772  

Hamilton Lane, Inc., Class A

     2,045        230,594  

Houlihan Lokey, Inc.

     2,880        369,187  

Interactive Brokers Group, Inc., Class A

     1,414        157,958  

Intercontinental Exchange, Inc.

     18,674        2,566,368  

Jefferies Financial Group, Inc.

     12,247        540,093  

KKR & Co., Inc.

     10,748        1,081,034  

LPL Financial Holdings, Inc.

     1,086        286,921  

MarketAxess Holdings, Inc.

     599        131,331  

Moelis & Co., Class A

     5,939        337,157  

Moody’s Corp.

     3,284        1,290,710  

Morgan Stanley

     105,869        9,968,625  

Morningstar, Inc.

     486        149,868  

MSCI, Inc.

     1,226        687,112  

Nasdaq, Inc.

     13,968        881,381  

Northern Trust Corp.

     10,693        950,822  

 

See Notes to Financial Statements.

 

100   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  

Raymond James Financial, Inc.

     5,076      $ 651,860  

S&P Global, Inc.

     4,382        1,864,322  

SEI Investments Co.

     2,954        212,393  

State Street Corp.

     18,483        1,429,106  

StepStone Group, Inc., Class A

     1,656        59,185  

Stifel Financial Corp.

     3,883        303,534  

T Rowe Price Group, Inc.

     16,598        2,023,628  

TPG, Inc.

     4,682        209,285  

Tradeweb Markets, Inc., Class A

     2,283        237,820  

Victory Capital Holdings, Inc., Class A

     8,035        340,925  

Virtu Financial, Inc., Class A

     7,383        151,499  

Virtus Investment Partners, Inc.

     1,359        337,005  
     

 

 

 
Total Capital Markets

 

     57,597,611  
Chemicals – 1.5%

 

Air Products & Chemicals, Inc.

     8,477        2,053,723  

Albemarle Corp.

     2,957        389,555  

Ashland, Inc.

     938        91,333  

Avient Corp.

     6,054        262,744  

Cabot Corp.

     3,368        310,530  

Celanese Corp.

     3,796        652,381  

CF Industries Holdings, Inc.

     6,918        575,647  

Chemours Co.

     8,315        218,352  

Dow, Inc.

     56,164        3,253,580  

DuPont de Nemours, Inc.

     13,982        1,072,000  

Eastman Chemical Co.

     7,092        710,760  

Ecolab, Inc.

     7,087        1,636,388  

Element Solutions, Inc.

     10,486        261,940  

Huntsman Corp.

     11,244        292,681  

Innospec, Inc.

     1,769        228,095  

Kronos Worldwide, Inc.

     12,614        148,845  

Mosaic Co.

     12,901        418,766  

NewMarket Corp.

     442        280,502  

Olin Corp.

     5,076        298,469  

PPG Industries, Inc.

     9,654        1,398,865  

RPM International, Inc.

     4,168        495,784  

Scotts Miracle-Gro Co.(a)

     4,821        359,598  

Sensient Technologies Corp.

     2,486        172,006  

Sherwin-Williams Co.

     4,904        1,703,306  

Stepan Co.

     1,497        134,790  

Westlake Corp.

     2,687        410,574  
     

 

 

 
Total Chemicals

 

     17,831,214  
Commercial Services & Supplies – 0.6%

 

ABM Industries, Inc.

     3,241        144,613  

Brady Corp., Class A

     4,590        272,095  

Brink’s Co.

     1,875        173,213  

Cintas Corp.

     2,281        1,567,115  

Deluxe Corp.

     5,799        119,401  

HNI Corp.

     4,681        211,254  

MillerKnoll, Inc.

     4,532        112,212  

MSA Safety, Inc.

     1,256        243,149  

Pitney Bowes, Inc.

     16,865        73,026  

Republic Services, Inc.

     6,483        1,241,106  

Rollins, Inc.

     11,341        524,748  

Tetra Tech, Inc.

     1,153      212,971  

Waste Management, Inc.

     14,469        3,084,067  
     

 

 

 
Total Commercial Services & Supplies

 

     7,978,970  
Communications Equipment – 1.4%

 

Cisco Systems, Inc.

     300,613        15,003,595  

Juniper Networks, Inc.

     16,818        623,275  

Motorola Solutions, Inc.

     4,060        1,441,219  

Ubiquiti, Inc.

     1,789        207,255  
     

 

 

 
Total Communications Equipment

 

     17,275,344  
Construction & Engineering – 0.1%

 

AECOM

     3,340        327,587  

MDU Resources Group, Inc.

     12,111        305,197  

Quanta Services, Inc.

     1,799        467,381  

Valmont Industries, Inc.

     547        124,869  
     

 

 

 
Total Construction & Engineering

 

     1,225,034  
Construction Materials – 0.1%

 

Eagle Materials, Inc.

     1,195        324,741  

Martin Marietta Materials, Inc.

     988        606,573  

Vulcan Materials Co.

     2,274        620,620  
     

 

 

 
Total Construction Materials

 

     1,551,934  
Consumer Finance – 0.8%

 

Ally Financial, Inc.

     15,524        630,119  

American Express Co.

     15,359        3,497,091  

Bread Financial Holdings, Inc.

     3,868        144,044  

Capital One Financial Corp.

     11,520        1,715,213  

Discover Financial Services

     9,543        1,250,992  

FirstCash Holdings, Inc.

     2,061        262,860  

Navient Corp.

     10,117        176,036  

OneMain Holdings, Inc.

     12,542        640,771  

SLM Corp.

     12,153        264,814  

Synchrony Financial

     18,811        811,130  
     

 

 

 
Total Consumer Finance

 

     9,393,070  
Consumer Staples Distribution & Retail – 2.5%

 

Albertsons Cos., Inc., Class A

     26,489        567,924  

Casey’s General Stores, Inc.

     727        231,513  

Costco Wholesale Corp.

     6,892        5,049,286  

Kroger Co.

     36,134        2,064,335  

SpartanNash Co.

     4,912        99,272  

Sysco Corp.

     32,079        2,604,173  

Target Corp.

     20,865        3,697,487  

Walmart, Inc.

     259,807        15,632,587  

Weis Markets, Inc.

     2,369        152,564  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     30,099,141  
Containers & Packaging – 0.5%

 

AptarGroup, Inc.

     1,991        286,485  

Avery Dennison Corp.

     1,902        424,622  

Ball Corp.

     7,155        481,961  

Berry Global Group, Inc.

     3,221        194,806  

Crown Holdings, Inc.

     2,198        174,214  

Graphic Packaging Holding Co.

     13,242        386,402  

Greif, Inc., Class A

     4,719        325,847  

 

See Notes to Financial Statements.

 

WisdomTree Trust      101  


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  

International Paper Co.

     24,595      $ 959,697  

Packaging Corp. of America

     6,169        1,170,753  

Pactiv Evergreen, Inc.

     12,863        184,198  

Sealed Air Corp.

     3,632        135,110  

Silgan Holdings, Inc.

     1,588        77,113  

Sonoco Products Co.

     7,504        434,031  

Westrock Co.

     12,763        631,130  
     

 

 

 
Total Containers & Packaging

 

     5,866,369  
Distributors – 0.2%

 

Genuine Parts Co.

     6,161        954,524  

LKQ Corp.

     11,886        634,831  

Pool Corp.

     995        401,483  
     

 

 

 
Total Distributors

 

     1,990,838  
Diversified Consumer Services – 0.1%

 

ADT, Inc.

     24,436        164,210  

H&R Block, Inc.

     10,759        528,374  

Service Corp. International

     4,771        354,056  

Strategic Education, Inc.

     1,866        194,288  
     

 

 

 
Total Diversified Consumer Services

 

     1,240,928  
Diversified REITs – 0.1%

 

Alexander & Baldwin, Inc.

     11,823        194,725  

Broadstone Net Lease, Inc.

     13,073        204,854  

WP Carey, Inc.

     16,911        954,457  
     

 

 

 
Total Diversified REITs

 

     1,354,036  
Diversified Telecommunication Services – 0.0%

 

Cogent Communications Holdings, Inc.

     6,206        405,438  

Iridium Communications, Inc.

     3,521        92,109  
     

 

 

 
Total Diversified Telecommunication Services

 

     497,547  
Electric Utilities – 2.6%

 

ALLETE, Inc.

     6,011        358,496  

Alliant Energy Corp.

     12,776        643,910  

American Electric Power Co., Inc.

     33,181        2,856,884  

Constellation Energy Corp.

     4,802        887,650  

Duke Energy Corp.

     50,401        4,874,281  

Edison International

     24,686        1,746,041  

Entergy Corp.

     21,403        2,261,869  

Evergy, Inc.

     14,443        770,967  

Eversource Energy

     21,682        1,295,933  

Exelon Corp.

     56,744        2,131,872  

FirstEnergy Corp.

     37,421        1,445,199  

IDACORP, Inc.

     3,303        306,816  

MGE Energy, Inc.

     2,011        158,306  

NRG Energy, Inc.

     10,651        720,966  

OGE Energy Corp.

     22,052        756,384  

Otter Tail Corp.

     2,840        245,376  

PG&E Corp.

     23,270        390,005  

Pinnacle West Capital Corp.

     11,236        839,666  

PNM Resources, Inc.

     4,624        174,047  

Portland General Electric Co.

     4,969        208,698  

PPL Corp.

     44,014        1,211,706  

Southern Co.

     64,522        4,628,808  

Xcel Energy, Inc.

     45,716        2,457,235  
     

 

 

 
Total Electric Utilities

 

     31,371,115  
Electrical Equipment – 0.4%

 

AMETEK, Inc.

     3,253      594,974  

Emerson Electric Co.

     20,373        2,310,706  

Hubbell, Inc.

     1,486        616,764  

Regal Rexnord Corp.

     1,562        281,316  

Rockwell Automation, Inc.

     3,330        970,129  

Vertiv Holdings Co.

     3,684        300,872  
     

 

 

 
Total Electrical Equipment

 

     5,074,761  
Electronic Equipment, Instruments & Components – 0.5%

 

Amphenol Corp., Class A

     14,064        1,622,282  

Avnet, Inc.

     6,308        312,751  

Benchmark Electronics, Inc.

     5,639        169,226  

CDW Corp.

     2,809        718,486  

Climb Global Solutions, Inc.

     905        64,146  

Corning, Inc.

     51,247        1,689,101  

Crane NXT Co.

     2,638        163,292  

Jabil, Inc.

     1,756        235,216  

Littelfuse, Inc.

     826        200,181  

Richardson Electronics Ltd.

     1,874        17,260  

TD SYNNEX Corp.

     1,707        193,062  

Vishay Intertechnology, Inc.

     6,483        147,035  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     5,532,038  
Energy Equipment & Services – 0.3%

 

Archrock, Inc.

     19,514        383,840  

Baker Hughes Co.

     38,358        1,284,993  

ChampionX Corp.

     5,707        204,824  

Halliburton Co.

     23,087        910,090  

Helmerich & Payne, Inc.

     4,594        193,224  

Kodiak Gas Services, Inc.

     11,059        302,353  

NOV, Inc.

     11,887        232,034  

Patterson-UTI Energy, Inc.

     9,834        117,418  

RPC, Inc.(a)

     25,705        198,957  
     

 

 

 
Total Energy Equipment & Services

 

     3,827,733  
Entertainment – 0.1%

 

Electronic Arts, Inc.

     3,837        509,055  

Endeavor Group Holdings, Inc., Class A

     5,976        153,762  

TKO Group Holdings, Inc.

     1,900        164,179  

Warner Music Group Corp., Class A

     4,895        161,633  
     

 

 

 
Total Entertainment

 

     988,629  
Financial Services – 1.9%

 

Apollo Global Management, Inc.

     16,766        1,885,337  

Corebridge Financial, Inc.

     43,400        1,246,882  

Enact Holdings, Inc.

     10,574        329,697  

Equitable Holdings, Inc.

     15,385        584,784  

Fidelity National Information Services, Inc.

     31,497        2,336,447  

Global Payments, Inc.

     4,460        596,124  

Jack Henry & Associates, Inc.

     2,141        371,956  

Jackson Financial, Inc., Class A

     7,012        463,774  

Mastercard, Inc., Class A

     11,681        5,625,219  

MGIC Investment Corp.

     21,206        474,166  

PennyMac Financial Services, Inc.

     1,889        172,069  

Radian Group, Inc.

     15,168        507,673  

 

See Notes to Financial Statements.

 

102   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  

UWM Holdings Corp.

     10,595      $ 76,920  

Visa, Inc., Class A

     29,498        8,232,302  

Voya Financial, Inc.

     2,084        154,049  

Walker & Dunlop, Inc.

     1,804        182,312  

Western Union Co.

     38,991        545,094  
     

 

 

 
Total Financial Services

 

     23,784,805  
Food Products – 1.8%

 

Archer-Daniels-Midland Co.

     18,881        1,185,916  

Campbell Soup Co.

     18,111        805,034  

Conagra Brands, Inc.

     38,814        1,150,447  

Flowers Foods, Inc.

     18,290        434,387  

General Mills, Inc.

     30,382        2,125,829  

Hershey Co.

     5,640        1,096,980  

Hormel Foods Corp.

     31,981        1,115,817  

Ingredion, Inc.

     3,718        434,448  

J & J Snack Foods Corp.

     884        127,791  

JM Smucker Co.

     6,291        791,848  

Kellanova

     19,345        1,108,275  

Kraft Heinz Co.

     84,652        3,123,659  

Lamb Weston Holdings, Inc.

     3,166        337,274  

Lancaster Colony Corp.

     1,503        312,068  

McCormick & Co., Inc., Non-Voting Shares

     10,189        782,617  

Mondelez International, Inc., Class A

     77,447        5,421,290  

Tyson Foods, Inc., Class A

     18,076        1,061,603  

Utz Brands, Inc.

     10,539        194,339  

WK Kellogg Co.

     11,911        223,927  
     

 

 

 
Total Food Products

 

     21,833,549  
Gas Utilities – 0.3%

 

Atmos Energy Corp.

     9,346        1,110,959  

Chesapeake Utilities Corp.

     1,424        152,795  

National Fuel Gas Co.

     7,453        400,375  

New Jersey Resources Corp.

     8,989        385,718  

Northwest Natural Holding Co.

     6,462        240,516  

ONE Gas, Inc.

     3,881        250,441  

Southwest Gas Holdings, Inc.

     3,969        302,160  

Spire, Inc.

     3,190        195,770  

UGI Corp.

     19,970        490,064  
     

 

 

 
Total Gas Utilities

 

     3,528,798  
Ground Transportation – 0.8%

 

CSX Corp.

     39,298        1,456,777  

JB Hunt Transport Services, Inc.

     2,224        443,132  

Landstar System, Inc.

     974        187,748  

Norfolk Southern Corp.

     7,939        2,023,413  

Old Dominion Freight Line, Inc.

     3,262        715,389  

Ryder System, Inc.

     2,950        354,561  

Union Pacific Corp.

     20,482        5,037,138  

Werner Enterprises, Inc.

     4,210        164,695  
     

 

 

 
Total Ground Transportation

 

     10,382,853  
Health Care Equipment & Supplies – 1.0%

 

Abbott Laboratories

     50,559        5,746,536  

Becton Dickinson & Co.

     7,264        1,797,477  

Dentsply Sirona, Inc.

     3,710        123,135  

GE HealthCare Technologies, Inc.

     5,289      480,823  

ResMed, Inc.

     2,556        506,165  

Stryker Corp.

     8,889        3,181,106  

Teleflex, Inc.

     788        178,222  

Zimmer Biomet Holdings, Inc.

     2,769        365,452  
     

 

 

 
Total Health Care Equipment & Supplies

 

     12,378,916  
Health Care Providers & Services – 2.6%

 

Cardinal Health, Inc.

     7,846        877,967  

Cencora, Inc.

     3,925        953,736  

Chemed Corp.

     293        188,086  

Cigna Group

     8,681        3,152,852  

CVS Health Corp.

     66,355        5,292,475  

Elevance Health, Inc.

     4,421        2,292,465  

Encompass Health Corp.

     3,641        300,674  

HCA Healthcare, Inc.

     4,202        1,401,493  

Humana, Inc.

     1,478        512,452  

Laboratory Corp. of America Holdings

     1,974        431,240  

McKesson Corp.

     1,662        892,245  

Patterson Cos., Inc.

     7,705        213,043  

Premier, Inc., Class A

     11,626        256,935  

Quest Diagnostics, Inc.

     3,632        483,456  

Select Medical Holdings Corp.

     5,915        178,337  

UnitedHealth Group, Inc.

     29,029        14,360,646  

Universal Health Services, Inc., Class B

     1,267        231,177  
     

 

 

 
Total Health Care Providers & Services

 

     32,019,279  
Health Care REITs – 0.2%

 

LTC Properties, Inc.

     5,089        165,443  

Sabra Health Care REIT, Inc.

     14,661        216,543  

Ventas, Inc.

     18,923        823,908  

Welltower, Inc.

     19,148        1,789,189  
     

 

 

 
Total Health Care REITs

 

     2,995,083  
Hotel & Resort REITs – 0.1%

 

Host Hotels & Resorts, Inc.

     26,824        554,721  

Ryman Hospitality Properties, Inc.

     2,289        264,631  
     

 

 

 
Total Hotel & Resort REITs

 

     819,352  
Hotels, Restaurants & Leisure – 2.2%

 

Aramark

     5,749        186,957  

Bloomin’ Brands, Inc.

     10,817        310,232  

Boyd Gaming Corp.

     3,312        222,964  

Cheesecake Factory, Inc.

     6,651        240,434  

Choice Hotels International, Inc.

     982        124,076  

Churchill Downs, Inc.

     1,938        239,827  

Cracker Barrel Old Country Store, Inc.

     2,372        172,516  

Darden Restaurants, Inc.

     9,380        1,567,867  

Domino’s Pizza, Inc.

     908        451,167  

Hilton Worldwide Holdings, Inc.

     3,064        653,582  

Jack in the Box, Inc.

     1,820        124,634  

Las Vegas Sands Corp.

     22,964        1,187,239  

Marriott International, Inc., Class A

     7,026        1,772,730  

Marriott Vacations Worldwide Corp.

     2,738        294,965  

McDonald’s Corp.

     38,093        10,740,321  

Monarch Casino & Resort, Inc.

     1,647        123,509  

 

See Notes to Financial Statements.

 

WisdomTree Trust      103  


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  

Papa John’s International, Inc.

     887      $ 59,074  

Red Rock Resorts, Inc., Class A

     2,938        175,751  

Starbucks Corp.

     44,301        4,048,668  

Texas Roadhouse, Inc.

     4,034        623,132  

Travel & Leisure Co.

     6,520        319,219  

Vail Resorts, Inc.

     1,903        424,045  

Wendy’s Co.

     21,353        402,290  

Wyndham Hotels & Resorts, Inc.

     5,113        392,423  

Yum! Brands, Inc.

     12,589        1,745,465  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     26,603,087  
Household Durables – 0.4%

 

Century Communities, Inc.

     2,923        282,070  

DR Horton, Inc.

     5,349        880,178  

KB Home

     4,441        314,778  

La-Z-Boy, Inc.

     5,742        216,014  

Leggett & Platt, Inc.

     12,237        234,339  

Lennar Corp., Class A

     5,171        889,309  

MDC Holdings, Inc.

     5,018        315,682  

PulteGroup, Inc.

     5,294        638,562  

Tempur Sealy International, Inc.

     5,281        300,066  

Toll Brothers, Inc.

     735        95,087  

Worthington Enterprises, Inc.

     2,660        165,532  
     

 

 

 
Total Household Durables

 

     4,331,617  
Household Products – 2.6%

 

Church & Dwight Co., Inc.

     5,389        562,126  

Clorox Co.

     5,871        898,909  

Colgate-Palmolive Co.

     46,434        4,181,382  

Energizer Holdings, Inc.

     6,051        178,141  

Kimberly-Clark Corp.

     29,320        3,792,542  

Procter & Gamble Co.

     135,112        21,921,922  

Reynolds Consumer Products, Inc.

     9,903        282,830  

Spectrum Brands Holdings, Inc.

     2,371        211,043  
     

 

 

 
Total Household Products

 

     32,028,895  
Independent Power & Renewable Electricity Producers – 0.1%

 

Clearway Energy, Inc., Class A

     5,070        109,056  

Clearway Energy, Inc., Class C

     8,005        184,515  

Ormat Technologies, Inc.

     1,768        117,024  

Vistra Corp.

     17,289        1,204,179  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     1,614,774  
Industrial Conglomerates – 0.7%

 

General Electric Co.

     11,952        2,097,935  

Honeywell International, Inc.

     32,844        6,741,231  
     

 

 

 
Total Industrial Conglomerates

 

     8,839,166  
Industrial REITs – 0.5%

 

Americold Realty Trust, Inc.

     4,654        115,978  

EastGroup Properties, Inc.

     863        155,141  

First Industrial Realty Trust, Inc.

     5,714        300,214  

Innovative Industrial Properties, Inc.

     689        71,339  

LXP Industrial Trust

     11,358        102,449  

Prologis, Inc.

     37,973        4,944,844  

Rexford Industrial Realty, Inc.

     3,970        199,691  

STAG Industrial, Inc.

     7,634      293,451  
     

 

 

 
Total Industrial REITs

 

     6,183,107  
Insurance – 2.7%

 

Aflac, Inc.

     32,186        2,763,490  

Allstate Corp.

     10,542        1,823,871  

American Financial Group, Inc.

     3,077        419,949  

American International Group, Inc.

     23,882        1,866,856  

AMERISAFE, Inc.

     2,930        146,998  

Arthur J Gallagher & Co.

     3,203        800,878  

Assurant, Inc.

     1,899        357,468  

Brown & Brown, Inc.

     4,726        413,714  

Cincinnati Financial Corp.

     7,012        870,680  

CNA Financial Corp.

     15,045        683,344  

CNO Financial Group, Inc.

     9,251        254,217  

Erie Indemnity Co., Class A

     1,200        481,884  

F&G Annuities & Life, Inc.

     3,888        157,658  

Fidelity National Financial, Inc.

     16,710        887,301  

First American Financial Corp.

     6,563        400,671  

Globe Life, Inc.

     1,288        149,885  

Hanover Insurance Group, Inc.

     1,274        173,481  

Hartford Financial Services Group, Inc.

     15,434        1,590,474  

Horace Mann Educators Corp.

     6,529        241,508  

Kemper Corp.

     2,947        182,478  

Lincoln National Corp.

     18,091        577,646  

Loews Corp.

     2,187        171,220  

Marsh & McLennan Cos., Inc.

     15,376        3,167,148  

Mercury General Corp.

     3,924        202,478  

MetLife, Inc.

     36,888        2,733,770  

Old Republic International Corp.

     24,406        749,752  

Primerica, Inc.

     1,587        401,448  

Principal Financial Group, Inc.

     13,977        1,206,355  

Progressive Corp.

     6,650        1,375,353  

Prudential Financial, Inc.

     26,829        3,149,725  

Reinsurance Group of America, Inc.

     4,041        779,428  

RLI Corp.

     935        138,819  

Safety Insurance Group, Inc.

     3,250        267,117  

Selective Insurance Group, Inc.

     1,706        186,244  

Stewart Information Services Corp.

     3,334        216,910  

Travelers Cos., Inc.

     7,834        1,802,917  

Unum Group

     11,319        607,378  

WR Berkley Corp.

     10,412        920,837  
     

 

 

 
Total Insurance

 

     33,321,350  
Interactive Media & Services – 0.9%

 

Meta Platforms, Inc., Class A

     23,290        11,309,158  

Shutterstock, Inc.

     2,846        130,375  
     

 

 

 
Total Interactive Media & Services

 

     11,439,533  
IT Services – 1.3%

 

Cognizant Technology Solutions Corp., Class A

     12,028        881,532  

International Business Machines Corp.

     80,589        15,389,276  
     

 

 

 
Total IT Services

 

     16,270,808  
Leisure Products – 0.1%

 

Acushnet Holdings Corp.

     2,692        177,537  

 

See Notes to Financial Statements.

 

104   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  

Brunswick Corp.

     2,699      $ 260,508  

Polaris, Inc.

     2,319        232,178  
     

 

 

 
Total Leisure Products

 

     670,223  
Life Sciences Tools & Services – 0.5%

 

Agilent Technologies, Inc.

     4,255        619,145  

Bio-Techne Corp.

     2,289        161,123  

Bruker Corp.

     2,092        196,523  

Danaher Corp.

     8,774        2,191,043  

Thermo Fisher Scientific, Inc.

     4,396        2,554,999  

West Pharmaceutical Services, Inc.

     1,135        449,131  
     

 

 

 
Total Life Sciences Tools & Services

 

     6,171,964  
Machinery – 2.7%

 

AGCO Corp.

     1,325        163,002  

Albany International Corp., Class A

     1,459        136,431  

Allison Transmission Holdings, Inc.

     3,960        321,394  

Caterpillar, Inc.

     15,894        5,824,038  

Cummins, Inc.

     6,263        1,845,393  

Deere & Co.

     6,656        2,733,885  

Donaldson Co., Inc.

     5,058        377,731  

Dover Corp.

     4,483        794,343  

Flowserve Corp.

     7,358        336,113  

Fortive Corp.

     5,619        483,346  

Graco, Inc.

     3,734        348,980  

Hillenbrand, Inc.

     3,874        194,824  

IDEX Corp.

     883        215,470  

Illinois Tool Works, Inc.

     15,727        4,220,026  

Ingersoll Rand, Inc.

     6,883        653,541  

ITT, Inc.

     4,080        555,002  

Kennametal, Inc.

     9,403        234,511  

Lincoln Electric Holdings, Inc.

     2,453        626,594  

Mueller Industries, Inc.

     6,752        364,135  

Mueller Water Products, Inc., Class A

     12,016        193,337  

Nordson Corp.

     956        262,460  

Oshkosh Corp.

     2,287        285,212  

Otis Worldwide Corp.

     14,010        1,390,773  

PACCAR, Inc.

     35,614        4,412,219  

Parker-Hannifin Corp.

     3,823        2,124,785  

Snap-on, Inc.

     3,320        983,450  

Stanley Black & Decker, Inc.

     8,281        810,958  

Timken Co.

     5,089        444,931  

Toro Co.

     3,377        309,435  

Trinity Industries, Inc.

     9,364        260,787  

Westinghouse Air Brake Technologies Corp.

     3,045        443,596  

Xylem, Inc.

     4,507        582,485  
     

 

 

 
Total Machinery

 

     32,933,187  
Marine Transportation – 0.0%

 

Matson, Inc.

     1,974        221,878  
Media – 1.3%

 

Cable One, Inc.

     268        113,399  

Comcast Corp., Class A

     268,362        11,633,493  

Fox Corp., Class B

     17,966        514,187  

Gray Television, Inc.

     4,555        28,788  

Interpublic Group of Cos., Inc.

     22,136      722,298  

John Wiley & Sons, Inc., Class A

     3,731        142,263  

New York Times Co., Class A

     4,730        204,430  

News Corp., Class A

     12,505        327,381  

News Corp., Class B

     37        1,001  

Nexstar Media Group, Inc.

     2,115        364,393  

Omnicom Group, Inc.

     11,624        1,124,738  

Sirius XM Holdings, Inc.(a)

     143,881        558,258  

TEGNA, Inc.

     13,386        199,987  
     

 

 

 
Total Media

 

     15,934,616  
Metals & Mining – 0.3%

 

Commercial Metals Co.

     4,299        252,652  

Kaiser Aluminum Corp.

     1,896        169,427  

Nucor Corp.

     4,883        966,346  

Reliance, Inc.

     2,191        732,188  

Royal Gold, Inc.

     1,977        240,818  

Steel Dynamics, Inc.

     4,273        633,387  

U.S. Steel Corp.

     3,993        162,835  
     

 

 

 
Total Metals & Mining

 

     3,157,653  
Multi-Utilities – 1.5%

 

Ameren Corp.

     19,290        1,426,688  

Avista Corp.

     5,225        182,980  

Black Hills Corp.

     4,278        233,579  

CenterPoint Energy, Inc.

     24,601        700,883  

CMS Energy Corp.

     15,542        937,804  

Consolidated Edison, Inc.

     27,110        2,461,859  

Dominion Energy, Inc.

     72,023        3,542,811  

DTE Energy Co.

     10,167        1,140,127  

NiSource, Inc.

     23,343        645,667  

Northwestern Energy Group, Inc.

     3,714        189,154  

Public Service Enterprise Group, Inc.

     40,374        2,696,176  

Sempra

     31,906        2,291,808  

Unitil Corp.

     3,194        167,206  

WEC Energy Group, Inc.

     17,667        1,450,814  
     

 

 

 
Total Multi-Utilities

 

     18,067,556  
Office REITs – 0.1%

 

Alexandria Real Estate Equities, Inc.

     8,065        1,039,659  

Easterly Government Properties, Inc.

     13,043        150,125  

Kilroy Realty Corp.

     25        911  

SL Green Realty Corp.

     2,583        142,401  
     

 

 

 
Total Office REITs

 

     1,333,096  
Oil, Gas & Consumable Fuels – 7.8%

 

Antero Midstream Corp.

     58,313        819,881  

APA Corp.

     14,234        489,365  

California Resources Corp.

     4,566        251,587  

Cheniere Energy, Inc.

     5,660        912,845  

Chesapeake Energy Corp.

     6,023        535,023  

Chevron Corp.

     125,330        19,769,554  

Chord Energy Corp.

     4,473        797,268  

Civitas Resources, Inc.

     10,183        772,992  

ConocoPhillips

     39,111        4,978,048  

CVR Energy, Inc.

     10,850        386,911  

 

See Notes to Financial Statements.

 

WisdomTree Trust      105  


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  

Delek U.S. Holdings, Inc.

     5,029      $ 154,591  

Diamondback Energy, Inc.

     6,806        1,348,745  

DT Midstream, Inc.

     7,481        457,089  

EOG Resources, Inc.

     42,078        5,379,252  

EQT Corp.

     9,642        357,429  

Equitrans Midstream Corp.

     41,339        516,324  

Exxon Mobil Corp.

     228,190        26,524,806  

Hess Corp.

     6,057        924,540  

HF Sinclair Corp.

     11,116        671,073  

Kinetik Holdings, Inc.

     5,153        205,450  

Magnolia Oil & Gas Corp., Class A(a)

     9,161        237,728  

Marathon Oil Corp.

     16,836        477,132  

Marathon Petroleum Corp.

     19,394        3,907,891  

Matador Resources Co.

     2,794        186,555  

Murphy Oil Corp.

     8,189        374,237  

New Fortress Energy, Inc.(a)

     3,990        122,054  

Northern Oil & Gas, Inc.

     8,050        319,424  

Occidental Petroleum Corp.

     18,695        1,214,988  

ONEOK, Inc.

     47,508        3,808,716  

Ovintiv, Inc.

     13,077        678,696  

PBF Energy, Inc., Class A

     5,881        338,569  

Permian Resources Corp.

     14,037        247,893  

Phillips 66

     21,032        3,435,367  

Pioneer Natural Resources Co.

     20,175        5,295,938  

Range Resources Corp.

     6,223        214,258  

Sitio Royalties Corp., Class A

     7,969        196,994  

SM Energy Co.

     4,184        208,572  

Targa Resources Corp.

     7,532        843,509  

Texas Pacific Land Corp.

     399        230,826  

Valero Energy Corp.

     16,254        2,774,395  

Viper Energy, Inc.

     7,591        291,950  

Williams Cos., Inc.

     86,396        3,366,852  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     95,025,317  
Paper & Forest Products – 0.0%

 

Louisiana-Pacific Corp.

     2,460        206,419  

Sylvamo Corp.

     2,441        150,707  
     

 

 

 
Total Paper & Forest Products

 

     357,126  
Passenger Airlines – 0.1%

 

Delta Air Lines, Inc.

     10,843        519,055  

Southwest Airlines Co.

     27,536        803,776  

Spirit Airlines, Inc.(a)

     12,560        60,790  
     

 

 

 
Total Passenger Airlines

 

     1,383,621  
Personal Care Products – 0.2%

 

Edgewell Personal Care Co.

     5,778        223,262  

Inter Parfums, Inc.

     1,954        274,557  

Kenvue, Inc.

     116,148        2,492,536  
     

 

 

 
Total Personal Care Products

 

     2,990,355  
Pharmaceuticals – 4.9%

 

Bristol-Myers Squibb Co.

     134,695        7,304,510  

Eli Lilly & Co.

     10,989        8,549,002  

Johnson & Johnson

     164,229        25,979,385  

Merck & Co., Inc.

     112,206        14,805,582  

Organon & Co.

     25,635      481,938  

Viatris, Inc.

     105,211        1,256,219  

Zoetis, Inc.

     10,112        1,711,052  
     

 

 

 
Total Pharmaceuticals

 

     60,087,688  
Professional Services – 1.1%

 

Automatic Data Processing, Inc.

     15,652        3,908,931  

Booz Allen Hamilton Holding Corp.

     3,556        527,853  

Broadridge Financial Solutions, Inc.

     4,247        870,040  

Concentrix Corp.

     2,217        146,810  

CSG Systems International, Inc.

     3,104        159,980  

Dun & Bradstreet Holdings, Inc.

     14,965        150,249  

Equifax, Inc.

     1,787        478,058  

Exponent, Inc.

     1,719        142,144  

Insperity, Inc.

     2,286        250,568  

Jacobs Solutions, Inc.

     2,074        318,836  

KBR, Inc.

     2,594        165,134  

Korn Ferry

     2,919        191,953  

Leidos Holdings, Inc.

     3,074        402,971  

ManpowerGroup, Inc.

     3,981        309,085  

Maximus, Inc.

     1,971        165,367  

Paychex, Inc.

     23,289        2,859,889  

Paycom Software, Inc.

     892        177,517  

Robert Half, Inc.

     4,459        353,510  

Science Applications International Corp.

     2,434        317,369  

SS&C Technologies Holdings, Inc.

     7,297        469,708  

Verisk Analytics, Inc.

     2,358        555,851  
     

 

 

 
Total Professional Services

 

     12,921,823  
Real Estate Management & Development – 0.0%

 

Kennedy-Wilson Holdings, Inc.

     54        463  
Residential REITs – 0.6%

 

American Homes 4 Rent, Class A

     6,684        245,838  

AvalonBay Communities, Inc.

     10,112        1,876,383  

Camden Property Trust

     2,902        285,557  

Elme Communities

     9,244        128,677  

Equity LifeStyle Properties, Inc.

     4,546        292,762  

Equity Residential

     20,873        1,317,295  

Essex Property Trust, Inc.

     2,483        607,863  

Invitation Homes, Inc.

     18,177        647,283  

Mid-America Apartment Communities, Inc.

     4,421        581,715  

Sun Communities, Inc.

     2,380        306,020  

UDR, Inc.

     16,239        607,501  
     

 

 

 
Total Residential REITs

 

     6,896,894  
Retail REITs – 0.9%

 

Brixmor Property Group, Inc.

     22,660        531,377  

Federal Realty Investment Trust

     3,487        356,093  

Kimco Realty Corp.

     31,626        620,186  

Macerich Co.

     18        310  

NETSTREIT Corp.(a)

     8,976        164,889  

NNN REIT, Inc.

     15,142        647,169  

Realty Income Corp.

     65,310        3,533,271  

Regency Centers Corp.

     6,679        404,480  

Retail Opportunity Investments Corp.

     6,888        88,304  

 

See Notes to Financial Statements.

 

106   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  

Simon Property Group, Inc.

     30,990      $ 4,849,625  

Tanger, Inc.

     5,600        165,368  
     

 

 

 
Total Retail REITs

 

     11,361,072  
Semiconductors & Semiconductor Equipment – 6.6%

 

Amkor Technology, Inc.

     6,286        202,661  

Analog Devices, Inc.

     14,314        2,831,166  

Applied Materials, Inc.

     11,081        2,285,235  

Broadcom, Inc.

     20,349        26,970,768  

Intel Corp.

     71,983        3,179,489  

KLA Corp.

     2,211        1,544,538  

Lam Research Corp.

     2,322        2,255,985  

Microchip Technology, Inc.

     14,970        1,342,959  

Micron Technology, Inc.

     11,673        1,376,130  

MKS Instruments, Inc.

     1,823        242,459  

Monolithic Power Systems, Inc.

     694        470,129  

NVIDIA Corp.

     25,343        22,898,921  

Power Integrations, Inc.

     9        644  

QUALCOMM, Inc.

     37,121        6,284,585  

Skyworks Solutions, Inc.

     6,935        751,199  

Teradyne, Inc.

     2,520        284,332  

Texas Instruments, Inc.

     43,013        7,493,295  

Universal Display Corp.

     1,048        176,536  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     80,591,031  
Software – 4.1%

 

A10 Networks, Inc.

     8,070        110,478  

Bentley Systems, Inc., Class B

     4,781        249,664  

Dolby Laboratories, Inc., Class A

     2,056        172,231  

Gen Digital, Inc.

     21,403        479,427  

InterDigital, Inc.

     1,593        169,591  

Intuit, Inc.

     3,298        2,143,700  

Microsoft Corp.

     92,314        38,838,346  

Oracle Corp.

     56,547        7,102,869  

Roper Technologies, Inc.

     1,267        710,584  
     

 

 

 
Total Software

 

     49,976,890  
Specialized REITs – 2.0%

 

American Tower Corp.

     19,520        3,856,957  

Crown Castle, Inc.

     30,637        3,242,314  

CubeSmart

     15,709        710,361  

Digital Realty Trust, Inc.

     13,974        2,012,815  

EPR Properties

     5,557        235,895  

Equinix, Inc.

     2,470        2,038,565  

Extra Space Storage, Inc.

     13,007        1,912,029  

Four Corners Property Trust, Inc.

     8,835        216,192  

Gaming & Leisure Properties, Inc.

     18,211        838,981  

Gladstone Land Corp.

     11,578        154,450  

Iron Mountain, Inc.

     13,425        1,076,819  

Lamar Advertising Co., Class A

     6,208        741,297  

National Storage Affiliates Trust

     5,322        208,409  

PotlatchDeltic Corp.

     2,634        123,851  

Public Storage

     10,781        3,127,137  

Rayonier, Inc.

     4,265        141,769  

SBA Communications Corp.

     48        10,402  

VICI Properties, Inc.

     101,967      3,037,597  

Weyerhaeuser Co.

     15,932        572,118  
     

 

 

 
Total Specialized REITs

 

     24,257,958  
Specialty Retail – 3.4%

 

American Eagle Outfitters, Inc.

     10,409        268,448  

Bath & Body Works, Inc.

     8,746        437,475  

Best Buy Co., Inc.

     17,008        1,395,166  

Buckle, Inc.

     5,763        232,076  

Camping World Holdings, Inc., Class A

     2,641        73,552  

Dick’s Sporting Goods, Inc.

     2,110        474,455  

Gap, Inc.

     17,468        481,243  

Guess?, Inc.

     9,236        290,657  

Home Depot, Inc.

     59,574        22,852,587  

Lithia Motors, Inc.

     649        195,258  

Lowe’s Cos., Inc.

     28,895        7,360,423  

Monro, Inc.

     5,121        161,516  

Penske Automotive Group, Inc.

     2,912        471,715  

Ross Stores, Inc.

     5,867        861,041  

TJX Cos., Inc.

     39,569        4,013,088  

Tractor Supply Co.

     4,096        1,072,005  

Upbound Group, Inc.

     7,144        251,540  

Williams-Sonoma, Inc.

     2,832        899,245  

Winmark Corp.

     293        105,978  
     

 

 

 
Total Specialty Retail

 

     41,897,468  
Technology Hardware, Storage & Peripherals – 3.0%

 

Apple, Inc.

     190,499        32,666,769  

Dell Technologies, Inc., Class C

     6,577        750,501  

Hewlett Packard Enterprise Co.

     53,728        952,597  

HP, Inc.

     55,967        1,691,323  

NetApp, Inc.

     9,442        991,127  

Xerox Holdings Corp.

     16,085        287,921  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     37,340,238  
Textiles, Apparel & Luxury Goods – 0.4%

 

Carter’s, Inc.

     4,061        343,886  

Columbia Sportswear Co.

     1,747        141,821  

Kontoor Brands, Inc.

     5,377        323,964  

Levi Strauss & Co., Class A

     9,715        194,203  

NIKE, Inc., Class B

     25,888        2,432,954  

Oxford Industries, Inc.

     1,447        162,643  

Ralph Lauren Corp.

     1,842        345,854  

Steven Madden Ltd.

     4,483        189,541  

Tapestry, Inc.

     13,435        637,894  

Wolverine World Wide, Inc.

     8,638        96,832  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     4,869,592  
Tobacco – 1.7%

 

Altria Group, Inc.

     180,277        7,863,683  

Philip Morris International, Inc.

     133,472        12,228,705  

Universal Corp.

     3,753        194,105  

Vector Group Ltd.

     26,411        289,464  
     

 

 

 
Total Tobacco

 

     20,575,957  

 

See Notes to Financial Statements.

 

WisdomTree Trust      107  


Schedule of Investments (concluded)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2024

 

 

 

Investments    Shares      Value  
Trading Companies & Distributors – 0.6%

 

Air Lease Corp.

     5,536      $ 284,772  

Applied Industrial Technologies, Inc.

     2,188        432,239  

Fastenal Co.

     30,337        2,340,196  

GATX Corp.

     1,258        168,610  

H&E Equipment Services, Inc.

     5,009        321,478  

Herc Holdings, Inc.

     1,438        242,015  

MSC Industrial Direct Co., Inc., Class A

     5,112        496,068  

Rush Enterprises, Inc., Class A

     6,553        350,717  

United Rentals, Inc.

     1,227        884,802  

Watsco, Inc.

     1,603        692,448  

WESCO International, Inc.

     790        135,311  

WW Grainger, Inc.

     1,149        1,168,878  
     

 

 

 
Total Trading Companies & Distributors

 

     7,517,534  
Water Utilities – 0.2%

 

American States Water Co.

     1,362        98,391  

American Water Works Co., Inc.

     6,628        810,008  

California Water Service Group

     2,632        122,335  

Essential Utilities, Inc.

     16,669        617,586  

Middlesex Water Co.

     1,995        104,738  

SJW Group

     3,143        177,862  

York Water Co.

     4,681        169,780  
     

 

 

 
Total Water Utilities

 

     2,100,700  
Wireless Telecommunication Services – 0.6%

 

T-Mobile U.S., Inc.

     45,182        7,374,606  

Telephone & Data Systems, Inc.

     7,319        117,250  
     

 

 

 
Total Wireless Telecommunication Services

 

     7,491,856  
Total United States

 

     1,220,562,084  
Puerto Rico – 0.1%

 

Banks – 0.1%

 

First BanCorp

     19,622      344,170  

OFG Bancorp

     8,339        306,958  

Popular, Inc.

     4,775        420,630  
Total Puerto Rico

 

     1,071,758  
TOTAL COMMON STOCKS
(Cost: $902,551,804)

 

     1,221,633,842  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%

 

United States – 0.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(b)

     
(Cost: $538,667)      538,667        538,667  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $903,090,471)

 

     1,222,172,509  

Other Assets less Liabilities – 0.1%

        1,800,831  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,223,973,340  
(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,696,857 and the total market value of the collateral held by the Fund was $1,734,572. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,195,905.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted
Prices in

Active
Markets
(Level 1)

     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

  

Investments in Securities

     

Common Stocks

   $ 1,221,633,842      $      $      $ 1,221,633,842  

Investment of Cash Collateral for Securities Loaned

            538,667               538,667  

Total Investments in Securities

   $ 1,221,633,842      $ 538,667      $      $ 1,222,172,509  

 

See Notes to Financial Statements.

 

108   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. Value Fund (WTV)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.9%

 

Aerospace & Defense – 1.4%

 

Lockheed Martin Corp.

     4,533      $ 2,061,926  

Textron, Inc.

     20,057        1,924,068  
     

 

 

 
Total Aerospace & Defense

 

     3,985,994  
Air Freight & Logistics – 1.8%

 

CH Robinson Worldwide, Inc.

     18,950        1,442,853  

Expeditors International of Washington, Inc.

     18,396        2,236,402  

United Parcel Service, Inc., Class B

     9,494        1,411,093  
     

 

 

 
Total Air Freight & Logistics

 

     5,090,348  
Banks – 1.6%

 

Bank of America Corp.

     37,761        1,431,897  

Fifth Third Bancorp

     42,278        1,573,165  

JPMorgan Chase & Co.

     7,681        1,538,504  
     

 

 

 
Total Banks

 

     4,543,566  
Biotechnology – 1.2%

 

AbbVie, Inc.

     7,060        1,285,626  

Exelixis, Inc.*

     45,727        1,085,101  

Gilead Sciences, Inc.

     14,315        1,048,574  
     

 

 

 
Total Biotechnology

 

     3,419,301  
Broadline Retail – 0.7%

 

Dillard’s, Inc., Class A

     2,207        1,040,909  

Etsy, Inc.*

     13,651        938,097  
     

 

 

 
Total Broadline Retail

 

     1,979,006  
Building Products – 3.1%

 

Advanced Drainage Systems, Inc.

     9,417        1,621,984  

Builders FirstSource, Inc.*

     15,102        3,149,522  

Carlisle Cos., Inc.

     4,913        1,925,159  

Owens Corning

     10,985        1,832,298  
     

 

 

 
Total Building Products

 

     8,528,963  
Capital Markets – 7.0%

 

Ameriprise Financial, Inc.

     4,698        2,059,791  

Bank of New York Mellon Corp.

     41,205        2,374,232  

BlackRock, Inc.

     1,318        1,098,817  

Evercore, Inc., Class A

     14,410        2,775,222  

Goldman Sachs Group, Inc.

     5,244        2,190,366  

Jefferies Financial Group, Inc.

     40,275        1,776,127  

LPL Financial Holdings, Inc.

     6,689        1,767,234  

Raymond James Financial, Inc.

     11,292        1,450,119  

Stifel Financial Corp.

     28,607        2,236,209  

T Rowe Price Group, Inc.

     13,188        1,607,881  
     

 

 

 
Total Capital Markets

 

     19,335,998  
Chemicals – 3.5%

 

CF Industries Holdings, Inc.

     17,996        1,497,447  

Dow, Inc.

     29,152        1,688,775  

DuPont de Nemours, Inc.

     31,334        2,402,378  

Eastman Chemical Co.

     13,688        1,371,811  

Olin Corp.

     44,452        2,613,778  
     

 

 

 
Total Chemicals

 

     9,574,189  
Communications Equipment – 1.3%

 

Cisco Systems, Inc.

     26,552      1,325,210  

Juniper Networks, Inc.

     58,973        2,185,540  
     

 

 

 
Total Communications Equipment

 

     3,510,750  
Construction & Engineering – 0.9%

 

WillScot Mobile Mini Holdings Corp.*

     54,780        2,547,270  
Construction Materials – 0.6%

 

Eagle Materials, Inc.

     6,448        1,752,244  
Consumer Finance – 2.0%

 

Discover Financial Services

     21,669        2,840,589  

Synchrony Financial

     63,346        2,731,480  
     

 

 

 
Total Consumer Finance

 

     5,572,069  
Containers & Packaging – 1.9%

 

Berry Global Group, Inc.

     30,053        1,817,605  

International Paper Co.

     49,423        1,928,486  

Packaging Corp. of America

     7,828        1,485,598  
     

 

 

 
Total Containers & Packaging

 

     5,231,689  
Diversified Consumer Services – 1.1%

 

H&R Block, Inc.

     37,629        1,847,960  

Service Corp. International

     15,568        1,155,301  
     

 

 

 
Total Diversified Consumer Services

 

     3,003,261  
Electrical Equipment – 1.3%

 

Acuity Brands, Inc.

     5,849        1,571,802  

Emerson Electric Co.

     16,625        1,885,607  
     

 

 

 
Total Electrical Equipment

 

     3,457,409  
Electronic Equipment, Instruments & Components – 1.2%

 

Arrow Electronics, Inc.*

     15,300        1,980,738  

TD SYNNEX Corp.

     11,471        1,297,370  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     3,278,108  
Energy Equipment & Services – 0.5%

 

ChampionX Corp.

     39,266        1,409,257  
Financial Services – 1.9%

 

Equitable Holdings, Inc.

     69,426        2,638,882  

Fiserv, Inc.*

     9,592        1,532,993  

Global Payments, Inc.

     8,451        1,129,561  
     

 

 

 
Total Financial Services

 

     5,301,436  
Food Products – 2.2%

 

Archer-Daniels-Midland Co.

     17,544        1,101,939  

Conagra Brands, Inc.

     39,583        1,173,240  

General Mills, Inc.

     22,350        1,563,830  

JM Smucker Co.

     17,904        2,253,576  
     

 

 

 
Total Food Products

 

     6,092,585  
Ground Transportation – 1.6%

 

Avis Budget Group, Inc.(a)

     11,628        1,423,965  

CSX Corp.

     47,946        1,777,358  

Norfolk Southern Corp.

     4,834        1,232,042  
     

 

 

 
Total Ground Transportation

 

     4,433,365  
Health Care Providers & Services – 6.0%

 

Cardinal Health, Inc.

     15,782        1,766,006  

 

See Notes to Financial Statements.

 

WisdomTree Trust      109  


Schedule of Investments (continued)

WisdomTree U.S. Value Fund (WTV)

March 31, 2024

 

 

 

Investments    Shares      Value  

Centene Corp.*

     21,878      $ 1,716,985  

Cigna Group

     5,208        1,891,494  

HCA Healthcare, Inc.

     6,521        2,174,949  

Henry Schein, Inc.*

     17,556        1,325,829  

Laboratory Corp. of America Holdings

     8,204        1,792,246  

McKesson Corp.

     3,033        1,628,266  

Quest Diagnostics, Inc.

     7,346        977,826  

Tenet Healthcare Corp.*

     15,024        1,579,173  

Universal Health Services, Inc., Class B

     9,270        1,691,404  
     

 

 

 
Total Health Care Providers & Services

 

     16,544,178  
Hotel & Resort REITs – 0.4%

 

Host Hotels & Resorts, Inc.

     58,097        1,201,446  
Hotels, Restaurants & Leisure – 5.4%

 

Booking Holdings, Inc.

     483        1,752,266  

Boyd Gaming Corp.

     23,487        1,581,145  

Choice Hotels International, Inc.

     14,662        1,852,544  

Darden Restaurants, Inc.

     5,304        886,564  

Hilton Worldwide Holdings, Inc.

     5,170        1,102,813  

Light & Wonder, Inc.*

     9,995        1,020,389  

Marriott International, Inc., Class A

     6,633        1,673,572  

MGM Resorts International*

     43,312        2,044,759  

Vail Resorts, Inc.

     7,723        1,720,916  

Wyndham Hotels & Resorts, Inc.

     16,925        1,298,994  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     14,933,962  
Household Durables – 0.4%

 

PulteGroup, Inc.

     8,678        1,046,740  
Independent Power & Renewable Electricity Producers – 1.5%

 

Vistra Corp.

     59,442        4,140,135  
Industrial Conglomerates – 0.9%

 

General Electric Co.

     8,513        1,494,287  

Honeywell International, Inc.

     5,168        1,060,732  
     

 

 

 
Total Industrial Conglomerates

 

     2,555,019  
Insurance – 8.8%

 

Aflac, Inc.

     20,553        1,764,680  

American International Group, Inc.

     26,890        2,101,991  

Fidelity National Financial, Inc.

     22,128        1,174,997  

First American Financial Corp.

     17,293        1,055,738  

Hartford Financial Services Group, Inc.

     23,109        2,381,382  

Loews Corp.

     18,446        1,444,137  

MetLife, Inc.

     32,315        2,394,865  

Old Republic International Corp.

     76,158        2,339,574  

Primerica, Inc.

     6,145        1,554,439  

Principal Financial Group, Inc.

     20,424        1,762,795  

Prudential Financial, Inc.

     17,604        2,066,710  

Reinsurance Group of America, Inc.

     6,343        1,223,438  

Travelers Cos., Inc.

     6,285        1,446,430  

Unum Group

     31,203        1,674,353  
     

 

 

 
Total Insurance

 

     24,385,529  
Interactive Media & Services – 0.8%

 

Match Group, Inc.*

     64,190        2,328,813  
IT Services – 2.1%

 

Akamai Technologies, Inc.*

     7,790      847,240  

Cognizant Technology Solutions Corp., Class A

     13,989        1,025,254  

GoDaddy, Inc., Class A*

     19,301        2,290,643  

Twilio, Inc., Class A*

     13,322        814,640  

VeriSign, Inc.*

     4,043        766,189  
     

 

 

 
Total IT Services

 

     5,743,966  
Leisure Products – 0.5%

 

Brunswick Corp.

     14,982        1,446,063  
Machinery – 0.8%

 

Deere & Co.

     5,051        2,074,648  
Media – 3.2%

 

Charter Communications, Inc., Class A*(a)

     3,020        877,703  

Comcast Corp., Class A

     49,338        2,138,802  

Fox Corp., Class A

     75,371        2,356,851  

Interpublic Group of Cos., Inc.

     47,602        1,553,253  

Omnicom Group, Inc.

     19,833        1,919,041  
     

 

 

 
Total Media

 

     8,845,650  
Metals & Mining – 1.9%

 

Nucor Corp.

     7,366        1,457,731  

Steel Dynamics, Inc.

     17,492        2,592,839  

U.S. Steel Corp.

     28,147        1,147,835  
     

 

 

 
Total Metals & Mining

 

     5,198,405  
Multi-Utilities – 0.5%

 

Consolidated Edison, Inc.

     15,689        1,424,718  
Oil, Gas & Consumable Fuels – 10.8%

 

APA Corp.

     62,426        2,146,206  

Chevron Corp.

     14,924        2,354,112  

Chord Energy Corp.

     6,834        1,218,092  

ConocoPhillips

     17,356        2,209,072  

EOG Resources, Inc.

     10,919        1,395,885  

Exxon Mobil Corp.

     17,972        2,089,065  

HF Sinclair Corp.

     42,204        2,547,855  

Marathon Oil Corp.

     93,608        2,652,851  

Marathon Petroleum Corp.

     15,627        3,148,840  

Occidental Petroleum Corp.

     33,601        2,183,729  

Phillips 66

     16,780        2,740,845  

Pioneer Natural Resources Co.

     8,324        2,185,050  

Valero Energy Corp.

     18,166        3,100,755  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     29,972,357  
Pharmaceuticals – 0.9%

 

Bristol-Myers Squibb Co.

     43,381        2,352,552  
Professional Services – 3.1%

 

CACI International, Inc., Class A*

     3,760        1,424,401  

Robert Half, Inc.

     14,041        1,113,171  

Science Applications International Corp.

     10,998        1,434,029  

TriNet Group, Inc.

     19,313        2,558,779  

Verisk Analytics, Inc.

     8,231        1,940,294  
     

 

 

 
Total Professional Services

 

     8,470,674  
Real Estate Management & Development – 0.4%

 

CBRE Group, Inc., Class A*

     11,693        1,137,027  

 

See Notes to Financial Statements.

 

110   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. Value Fund (WTV)

March 31, 2024

 

 

 

Investments    Shares      Value  
Residential REITs – 0.4%

 

Essex Property Trust, Inc.

     4,898      $ 1,199,079  
Retail REITs – 0.6%

 

Simon Property Group, Inc.

     9,910        1,550,816  
Semiconductors & Semiconductor Equipment – 2.2%

 

Analog Devices, Inc.

     5,906        1,168,148  

Lam Research Corp.

     1,178        1,144,509  

Microchip Technology, Inc.

     10,036        900,330  

QUALCOMM, Inc.

     6,929        1,173,080  

Skyworks Solutions, Inc.

     7,978        864,177  

Texas Instruments, Inc.

     5,421        944,392  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     6,194,636  
Software – 2.2%

 

AppLovin Corp., Class A*

     52,781        3,653,501  

Dropbox, Inc., Class A*

     48,233        1,172,062  

Gen Digital, Inc.

     58,905        1,319,472  
     

 

 

 
Total Software

 

     6,145,035  
Specialty Retail – 5.3%

 

AutoNation, Inc.*

     12,566        2,080,678  

AutoZone, Inc.*

     374        1,178,717  

Best Buy Co., Inc.

     22,778        1,868,479  

Home Depot, Inc.

     2,607        1,000,045  

Lowe’s Cos., Inc.

     7,201        1,834,311  

Murphy USA, Inc.

     2,709        1,135,613  

O’Reilly Automotive, Inc.*

     901        1,017,121  

Penske Automotive Group, Inc.

     9,051      1,466,172  

Tractor Supply Co.(a)

     3,720        973,599  

Ulta Beauty, Inc.*

     1,774        927,589  

Williams-Sonoma, Inc.

     4,057        1,288,219  
     

 

 

 
Total Specialty Retail

 

     14,770,543  
Technology Hardware, Storage & Peripherals – 0.7%

 

NetApp, Inc.

     17,757        1,863,952  
Textiles, Apparel & Luxury Goods – 1.8%

 

PVH Corp.

     7,999        1,124,739  

Ralph Lauren Corp.

     7,502        1,408,576  

Tapestry, Inc.

     51,900        2,464,212  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     4,997,527  
Tobacco – 0.8%

 

Altria Group, Inc.

     53,325        2,326,037  
Wireless Telecommunication Services – 0.7%

 

T-Mobile U.S., Inc.

     11,266        1,838,837  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $240,356,355)

 

     276,735,152  

Other Assets less Liabilities – 0.1%

        410,558  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 277,145,710  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,685,595 and the total market value of the collateral held by the Fund was $1,712,036, which was entirely composed of non-cash U.S. Government securities.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

  

Investments in Securities

     

Common Stocks

   $ 276,735,152      $      $      $ 276,735,152  

Total Investments in Securities

   $ 276,735,152      $      $      $ 276,735,152  

 

See Notes to Financial Statements.

 

WisdomTree Trust      111  


Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2024

 

 

 

      WisdomTree
U.S. AI Enhanced
Value Fund
     WisdomTree
U.S. High
Dividend Fund
     WisdomTree
U.S. LargeCap
Dividend Fund
     WisdomTree
U.S. LargeCap
Fund
     WisdomTree
U.S. MidCap
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 350,773,040      $ 1,038,944,858      $ 2,950,769,316      $ 642,013,750      $ 3,034,039,462  

Investment in affiliates, at cost (Note 3)

                   266,014        603,835         

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

     377,833,969        1,097,691,274        4,007,421,466        849,184,445        3,661,358,463  

Investment in affiliates, at value (Note 3)

                   289,952        691,373         

Cash

     1,526,963        1,238,888        3,153,651        396,789        3,363,289  

Receivables:

              

Investment securities sold

     7,639,994                              

Capital shares sold

                   7,218,801                

Dividends

     640,051        3,311,473        5,292,661        529,748        5,734,127  

Securities lending income

     17,310        3,019        43,889        6,795        4,293  

Total Assets

     387,658,287        1,102,244,654        4,023,420,420        850,809,150        3,670,460,172  

LIABILITIES:

 

Payables:

              

Cash collateral received for securities loaned (Note 2)

     739,520        1,688,037        1,603,144        1,928        11,185,491  

Investment securities purchased

                   7,208,853                

Capital shares redeemed

     7,618,679                              

Advisory fees (Note 3)

     123,394        345,620        932,018        55,916        1,143,414  

Service fees (Note 2)

     1,429        4,002        14,656        3,076        13,245  

Total Liabilities

     8,483,022        2,037,659        9,758,671        60,920        12,342,150  

NET ASSETS

   $ 379,175,265      $ 1,100,206,995      $ 4,013,661,749      $ 850,748,230      $ 3,658,118,022  

NET ASSETS:

              

Paid-in capital

   $ 480,498,891      $ 1,194,545,488      $ 3,255,358,887      $ 718,324,258      $ 3,573,422,429  

Total distributable earnings (loss)

     (101,323,626      (94,338,493      758,302,862        132,423,972        84,695,593  

NET ASSETS

   $ 379,175,265      $ 1,100,206,995      $ 4,013,661,749      $ 850,748,230      $ 3,658,118,022  

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

     3,725,000        12,700,000        55,600,000        15,350,000        74,950,000  

Net asset value per share

   $ 101.79      $ 86.63      $ 72.19      $ 55.42      $ 48.81  

1 Includes market value of securities out on loan of:

   $ 2,277,161      $ 7,121,895      $ 43,566,319      $ 1,746,410      $ 22,142,217  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

 

See Notes to Financial Statements.

 

112   WisdomTree Trust


Statements of Assets and Liabilities (continued)

WisdomTree Trust

March 31, 2024

 

 

 

     

WisdomTree
U.S. MidCap

Fund

     WisdomTree
U.S. MidCap
Quality
Growth Fund
     WisdomTree
U.S. Multifactor
Fund
     WisdomTree
U.S. Quality
Dividend
Growth Fund
     WisdomTree
U.S. Quality
Growth Fund
 

ASSETS:

              

Investments, at cost

   $ 693,146,491      $ 3,877,058      $ 251,306,589      $ 10,244,952,334      $ 315,878,122  

Investment in affiliates, at cost (Note 3)

     688,191                              

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

     833,494,202        4,185,113        291,515,945        12,691,512,824        349,108,460  

Investment in affiliates, at value (Note 3)

     847,037                              

Cash

     391,592        10,411        837,156        8,958,952        172,142  

Deposits at broker

                   95,000                

Receivables:

              

Investment securities sold

                          3,809,999         

Capital shares sold

                          11,408,614        24,658,750  

Dividends

     768,468        1,141        199,142        9,380,350        14,235  

Securities lending income

     6,095               34        2,257         

Total Assets

     835,507,394        4,196,665        292,647,277        12,725,072,996        373,953,587  

LIABILITIES:

 

Payables:

 

Cash collateral received for securities loaned (Note 2)

     7,552,922                      5,269,346         

Investment securities purchased

            8,066        647,834        11,406,738        24,564,661  

Capital shares redeemed

                          3,810,851         

Advisory fees (Note 3)

     259,239        1,137        68,329        2,952,486        55,495  

Service fees (Note 2)

     3,005        13        1,074        46,396        872  

Total Liabilities

     7,815,166        9,216        717,237        23,485,817        24,621,028  

NET ASSETS

   $ 827,692,228      $ 4,187,449      $ 291,930,040      $ 12,701,587,179      $ 349,332,559  

NET ASSETS:

              

Paid-in capital

   $ 801,756,407      $ 3,879,479      $ 287,372,207      $ 10,832,782,463      $ 316,527,092  

Total distributable earnings (loss)

     25,935,821        307,970        4,557,833        1,868,804,716        32,805,467  

NET ASSETS

   $ 827,692,228      $ 4,187,449      $ 291,930,040      $ 12,701,587,179      $ 349,332,559  

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

     13,550,000        150,000        6,275,000        166,650,000        8,500,000  

Net asset value per share

   $ 61.08      $ 27.92      $ 46.52      $ 76.22      $ 41.10  

1 Includes market value of securities out on loan of:

   $ 63,296,188                    $ 25,456,706         

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      113  


Statements of Assets and Liabilities (continued)

WisdomTree Trust

March 31, 2024

 

 

 

      WisdomTree
U.S. SmallCap
Dividend Fund
     WisdomTree
U.S. SmallCap
Fund
     WisdomTree
U.S. SmallCap
Quality Dividend
Growth Fund
     WisdomTree
U.S. SmallCap
Quality
Growth Fund
     WisdomTree
U.S. Total
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 1,808,114,363      $ 614,940,300      $ 308,101,223      $ 1,245,189      $ 903,090,471  

Investment in affiliates, at cost (Note 3)

     1,944,815        179,190                       

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

     1,995,881,906        656,330,047        347,425,606        1,305,681        1,222,172,509  

Investment in affiliates, at value (Note 3)

     2,004,154        206,248                       

Cash

     1,949,769        1,513,140        451,586        5,821        955,852  

Receivables:

              

Investment securities sold

            4,858,154               6,808         

Dividends

     4,119,391        550,567        249,983        539        1,662,128  

Securities lending income

     29,310        49,207        524               11,529  

Total Assets

     2,003,984,530        663,507,363        348,127,699        1,318,849        1,224,802,018  

LIABILITIES:

 

Payables:

 

Cash collateral received for securities loaned (Note 2)

     6,916,162        8,453,346        197,883               538,667  

Investment securities purchased

            6,033,816               6,355        192  

Advisory fees (Note 3)

     622,656        203,055        107,608        411        285,335  

Service fees (Note 2)

     7,214        2,353        1,246        5        4,484  

Total Liabilities

     7,546,032        14,692,570        306,737        6,771        828,678  

NET ASSETS

   $ 1,996,438,498      $ 648,814,793      $ 347,820,962      $ 1,312,078      $ 1,223,973,340  

NET ASSETS:

              

Paid-in capital

   $ 2,216,735,632      $ 688,894,479      $ 345,538,631      $ 1,250,001      $ 1,029,394,867  

Total distributable earnings (loss)

     (220,297,134      (40,079,686      2,282,331        62,077        194,578,473  

NET ASSETS

   $ 1,996,438,498      $ 648,814,793      $ 347,820,962      $ 1,312,078      $ 1,223,973,340  

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

     61,050,000        12,950,000        7,005,000        50,000        17,300,000  

Net asset value per share

   $ 32.70      $ 50.10      $ 49.65      $ 26.24      $ 70.75  

1 Includes market value of securities out on loan of:

   $ 128,552,679      $ 41,498,328      $ 1,979,708             $ 1,696,857  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

 

See Notes to Financial Statements.

 

114   WisdomTree Trust


Statements of Assets and Liabilities (concluded)

WisdomTree Trust

March 31, 2024

 

 

 

      WisdomTree
U.S. Value Fund
 

ASSETS:

  

Investments, at cost

   $ 240,356,355  

Investments in securities, at value1 (Note 2)

     276,735,152  

Cash

     168,215  

Receivables:

  

Capital shares sold

     1,502,844  

Dividends

     263,791  

Securities lending income

     129  

Total Assets

     278,670,131  

LIABILITIES:

 

Payables:

 

Investment securities purchased

     1,496,728  

Advisory fees (Note 3)

     26,714  

Service fees (Note 2)

     979  

Total Liabilities

     1,524,421  

NET ASSETS

   $ 277,145,710  

NET ASSETS:

  

Paid-in capital

   $ 255,969,298  

Total distributable earnings (loss)

     21,176,412  

NET ASSETS

   $ 277,145,710  

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

     3,670,000  

Net asset value per share

   $ 75.52  

1 Includes market value of securities out on loan of:

   $ 1,685,595  

 

See Notes to Financial Statements.

 

WisdomTree Trust      115  


Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2024

 

 

 

      WisdomTree
U.S. AI Enhanced
Value Fund
     WisdomTree
U.S. High
Dividend Fund
     WisdomTree
U.S. LargeCap
Dividend Fund
     WisdomTree
U.S. LargeCap
Fund
     WisdomTree
U.S. MidCap
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends

   $ 10,588,974      $ 52,515,863      $ 98,854,754      $ 13,477,794      $ 100,044,302  

Dividends from affiliates (Note 3)

            14,061        72,489        71,000        190,251  

Interest

     19,542        18,923        37,464        11,387        94,047  

Non-cash dividends

            19,944        75,692        1,979         

Securities lending income, net (Note 2)

     425,314        53,088        595,561        70,629        120,406  

Less: Foreign withholding taxes on dividends

     (729      (5,593                    (39,890

Total investment income

     11,033,101        52,616,286        99,635,960        13,632,789        100,409,116  

EXPENSES:

              

Advisory fees (Note 3)

     1,440,091        4,332,098        10,049,494        570,823        12,491,123  

Service fees (Note 2)

     16,675        50,161        157,921        31,395        144,634  

Total expenses

     1,456,766        4,382,259        10,207,415        602,218        12,635,757  

Expense waivers (Note 3)

            (822      (3,158             (10,297

Net expenses

     1,456,766        4,381,437        10,204,257        602,218        12,625,460  

Net investment income

     9,576,335        48,234,849        89,431,703        13,030,571        87,783,656  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (15,533,337      (47,392,032      (67,003,669      (14,781,925      (74,462,846

Investment transactions in affiliates (Note 3)

            22,274        163,356        43,699        416,374  

In-kind redemptions

     4,365,369        29,549,519        249,882,556        30,149,174        174,842,873  

Net realized gain (loss)

     (11,167,968      (17,820,239      183,042,243        15,410,948        100,796,401  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     50,518,694        57,515,797        393,404,354        159,974,069        493,614,763  

Investment transactions in affiliates (Note 3)

            (6,803      (9,347      62,292         

Net increase in unrealized appreciation/depreciation

     50,518,694        57,508,994        393,395,007        160,036,361        493,614,763  

Net realized and unrealized gain on investments

     39,350,726        39,688,755        576,437,250        175,447,309        594,411,164  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 48,927,061      $ 87,923,604      $ 665,868,953      $ 188,477,880      $ 682,194,820  

 

See Notes to Financial Statements.

 

116   WisdomTree Trust


Statements of Operations (continued)

WisdomTree Trust

For the Year or Period Ended March 31, 2024

 

 

 

     

WisdomTree
U.S. MidCap

Fund

     WisdomTree
U.S. MidCap
Quality Growth
Fund1
     WisdomTree
U.S. Multifactor
Fund
     WisdomTree
U.S. Quality
Dividend
Growth Fund
     WisdomTree
U.S. Quality
Growth Fund
 

INVESTMENT INCOME:

              

Dividends

   $ 13,319,090      $ 5,237      $ 4,551,719      $ 213,459,121      $ 468,195  

Dividends from affiliates (Note 3)

     42,181                              

Interest

     9,627               9,160        183,355        762  

Non-cash dividends

                   21,202                

Securities lending income, net (Note 2)

     102,679               600        1,533,098         

Less: Foreign withholding taxes on dividends

     (1,015                            

Total investment income

     13,472,562        5,237        4,582,681        215,175,574        468,957  

EXPENSES:

              

Advisory fees (Note 3)

     2,830,051        1,765        734,215        28,409,075        230,251  

Service fees (Note 2)

     32,769        20        11,538        446,429        3,618  

Total expenses

     2,862,820        1,785        745,753        28,855,504        233,869  

Expense waivers (Note 3)

     (2,105                            

Net expenses

     2,860,715        1,785        745,753        28,855,504        233,869  

Net investment income

     10,611,847        3,452        3,836,928        186,320,070        235,088  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (28,572,931      (3,537      (1,120,055      (102,194,016      (537,210

Investment transactions in affiliates (Note 3)

     107,167                              

In-kind redemptions

     58,227,449               24,602,965        600,686,113        1,780,817  

Futures contracts

                   101,091                

Net realized gain (loss)

     29,761,685        (3,537      23,584,001        498,492,097        1,243,607  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     126,340,779        308,055        32,536,228        1,704,745,882        32,943,614  

Investment transactions in affiliates (Note 3)

     138,273                              

Net increase in unrealized appreciation/depreciation

     126,479,052        308,055        32,536,228        1,704,745,882        32,943,614  

Net realized and unrealized gain on investments

     156,240,737        304,518        56,120,229        2,203,237,979        34,187,221  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 166,852,584      $ 307,970      $ 59,957,157      $ 2,389,558,049      $ 34,422,309  

1 For the period January 25, 2024 (commencement of operations) through March 31, 2024.

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      117  


Statements of Operations (continued)

WisdomTree Trust

For the Year or Period Ended March 31, 2024

 

 

 

      WisdomTree
U.S. SmallCap
Dividend Fund
     WisdomTree
U.S. SmallCap
Fund
     WisdomTree
U.S. SmallCap
Quality Dividend
Growth Fund
     WisdomTree
U.S. SmallCap
Quality
Growth Fund1
     WisdomTree
U.S. Total
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends

   $ 60,348,397      $ 9,955,897      $ 7,660,164      $ 2,836      $ 31,014,183  

Dividends from affiliates (Note 3)

     124,593        13,057                       

Interest

     28,167        8,316        7,113               23,998  

Non-cash dividends

            14,851        11,309               16,482  

Securities lending income, net (Note 2)

     437,927        363,089        31,015               149,297  

Less: Foreign withholding taxes on dividends

     (41,304      (1,645                    (3,199

Total investment income

     60,897,780        10,353,565        7,709,601        2,836        31,200,761  

EXPENSES:

              

Advisory fees (Note 3)

     6,974,296        2,251,919        1,019,423        882        3,090,408  

Service fees (Note 2)

     80,755        26,075        11,804        10        48,563  

Total expenses

     7,055,051        2,277,994        1,031,227        892        3,138,971  

Expense waivers (Note 3)

     (5,903      (1,297                     

Net expenses

     7,049,148        2,276,697        1,031,227        892        3,138,971  

Net investment income

     53,848,632        8,076,868        6,678,374        1,944        28,061,790  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (45,333,737      1,553,260        (8,574,135      (359      (17,635,239

Investment transactions in affiliates (Note 3)

     220,789        52,081                       

In-kind redemptions

     99,158,233        12,536,862        17,651,589               68,718,557  

Futures contracts

                   72,103                

Net realized gain (loss)

     54,045,285        14,142,203        9,149,557        (359      51,083,318  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     200,006,931        71,297,363        45,130,468        60,492        127,478,453  

Investment transactions in affiliates (Note 3)

     45,809        131,313                       

Net increase in unrealized appreciation/depreciation

     200,052,740        71,428,676        45,130,468        60,492        127,478,453  

Net realized and unrealized gain on investments

     254,098,025        85,570,879        54,280,025        60,133        178,561,771  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 307,946,657      $ 93,647,747      $ 60,958,399      $ 62,077      $ 206,623,561  

1 For the period January 25, 2024 (commencement of operations) through March 31, 2024.

  

 

See Notes to Financial Statements.

 

118   WisdomTree Trust


Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended March 31, 2024

 

 

 

      WisdomTree
U.S. Value Fund
 

INVESTMENT INCOME:

  

Dividends

   $ 3,651,671  

Interest

     3,648  

Securities lending income, net (Note 2)

     3,818  

Total investment income

     3,659,137  

EXPENSES:

  

Advisory fees (Note 3)

     209,702  

Service fees (Note 2)

     7,689  

Total expenses

     217,391  

Net investment income

     3,441,746  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

  

Investment transactions

     964,011  

In-kind redemptions

     17,958,873  

Futures contracts

     11,285  

Net realized gain

     18,934,169  

Net increase in unrealized appreciation/depreciation

     31,931,551  

Net realized and unrealized gain on investments

     50,865,720  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 54,307,466  

 

See Notes to Financial Statements.

 

WisdomTree Trust      119  


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     WisdomTree
U.S. AI Enhanced Value Fund
    WisdomTree
U.S. High Dividend Fund
    WisdomTree
U.S. LargeCap Dividend Fund
 
     For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 9,576,335     $ 9,294,205     $ 48,234,849     $ 48,742,351     $ 89,431,703     $ 91,646,751  

Net realized gain (loss) on investments

    (11,167,968     (18,469,063     (17,820,239     82,444,487       183,042,243       134,565,950  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    50,518,694       (17,105,029     57,508,994       (158,410,618     393,395,007       (330,156,213

Net increase (decrease) in net assets resulting from operations

    48,927,061       (26,279,887     87,923,604       (27,223,780     665,868,953       (103,943,512

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (9,644,875     (9,454,072     (46,034,088     (52,764,847     (87,184,000     (94,641,498

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    2,392,093             126,562,641       983,982,222       479,309,291       663,360,233  

Cost of shares redeemed

    (58,865,569     (60,535,501     (405,345,333     (591,853,425     (514,740,098     (421,607,267

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

    (56,473,476     (60,535,501     (278,782,692     392,128,797       (35,430,807     241,752,966  

Net Increase (Decrease) in Net Assets

    (17,191,290     (96,269,460     (236,893,176     312,140,170       543,254,146       43,167,956  

NET ASSETS:

 

Beginning of year

  $ 396,366,555     $ 492,636,015     $ 1,337,100,171     $ 1,024,960,001     $ 3,470,407,603     $ 3,427,239,647  

End of year

  $ 379,175,265     $ 396,366,555     $ 1,100,206,995     $ 1,337,100,171     $ 4,013,661,749     $ 3,470,407,603  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    4,325,000       4,975,000       16,250,000       11,650,000       56,100,000       52,200,000  

Shares created

    25,000             1,550,000       11,400,000       7,400,000       10,800,000  

Shares redeemed

    (625,000     (650,000     (5,100,000     (6,800,000     (7,900,000     (6,900,000

Shares outstanding, end of year

    3,725,000       4,325,000       12,700,000       16,250,000       55,600,000       56,100,000  

 

See Notes to Financial Statements.

 

120   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree
U.S. LargeCap Fund
    WisdomTree
U.S. MidCap Dividend Fund
    WisdomTree
U.S. MidCap Fund
 
     For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 13,030,571     $ 12,395,831     $ 87,783,656     $ 90,229,129     $ 10,611,847     $ 11,048,091  

Net realized gain (loss) on investments

    15,410,948       (11,118,901     100,796,401       130,848,348       29,761,685       9,427,278  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    160,036,361       (53,705,837     493,614,763       (364,718,988     126,479,052       (80,659,749

Net increase (decrease) in net assets resulting from operations

    188,477,880       (52,428,907     682,194,820       (143,641,511     166,852,584       (60,184,380

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (13,196,000     (12,389,635     (87,033,724     (92,020,134     (10,749,500     (10,959,568

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    96,388,715       108,501,573       368,472,134       1,051,013,414       135,096,251       68,005,567  

Cost of shares redeemed

    (79,557,122     (82,001,123     (525,518,367     (805,947,349     (180,198,918     (91,842,306

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

    16,831,593       26,500,450       (157,046,233     245,066,065       (45,102,667     (23,836,739

Net Increase (Decrease) in Net Assets

    192,113,473       (38,318,092     438,114,863       9,404,420       111,000,417       (94,980,687

NET ASSETS:

 

Beginning of year

  $ 658,634,757     $ 696,952,849     $ 3,220,003,159     $ 3,210,598,739     $ 716,691,811     $ 811,672,498  

End of year

  $ 850,748,230     $ 658,634,757     $ 3,658,118,022     $ 3,220,003,159     $ 827,692,228     $ 716,691,811  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    15,050,000       14,450,000       78,500,000       72,450,000       14,400,000       14,850,000  

Shares created

    1,950,000       2,500,000       8,400,000       25,100,000       2,450,000       1,400,000  

Shares redeemed

    (1,650,000     (1,900,000     (11,950,000     (19,050,000     (3,300,000     (1,850,000

Shares outstanding, end of year

    15,350,000       15,050,000       74,950,000       78,500,000       13,550,000       14,400,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      121  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree
U.S. MidCap Quality
Growth Fund
    WisdomTree
U.S. Multifactor Fund
    WisdomTree
U.S. Quality Dividend Growth Fund
 
     For the Period
January 25, 2024*
through
March 31, 2024
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

   

Net investment income

  $ 3,452     $ 3,836,928     $ 3,947,424     $ 186,320,070     $ 149,064,486  

Net realized gain (loss) on investments and futures contracts

    (3,537     23,584,001       (10,834,147     498,492,097       396,875,294  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    308,055       32,536,228       (8,414,869     1,704,745,882       (444,753,271

Net increase (decrease) in net assets resulting from operations

    307,970       59,957,157       (15,301,592     2,389,558,049       101,186,509  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

          (3,764,250     (3,948,786     (186,113,500     (154,296,995

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    3,879,478       126,083,309       101,414,445       4,572,299,322       3,232,420,927  

Cost of shares redeemed

    (99     (152,910,032     (43,549,334     (2,201,065,814     (2,085,719,771

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

    3,879,379       (26,826,723     57,865,111       2,371,233,508       1,146,701,156  

Net Increase in Net Assets

    4,187,349       29,366,184       38,614,733       4,574,678,057       1,093,590,670  

NET ASSETS:

 

Beginning of period

  $ 100     $ 262,563,856     $ 223,949,123     $ 8,126,909,122     $ 7,033,318,452  

End of period

  $ 4,187,449     $ 291,930,040     $ 262,563,856     $ 12,701,587,179     $ 8,126,909,122  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    4       7,000,000       5,475,000       130,350,000       110,650,000  

Shares created

    150,000       3,000,000       2,675,000       68,000,000       53,700,000  

Shares redeemed

    (4     (3,725,000     (1,150,000     (31,700,000     (34,000,000

Shares outstanding, end of period

    150,000       6,275,000       7,000,000       166,650,000       130,350,000  

*   Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

    

 

See Notes to Financial Statements.

 

122   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree
U.S. Quality Growth Fund
    WisdomTree U.S.
SmallCap Dividend Fund
    WisdomTree U.S.
SmallCap Fund
 
     For the
Year Ended
March 31, 2024
    For the Period
December 15, 2022*
through
March 31, 2023
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 235,088     $ 2,614     $ 53,848,632     $ 54,588,187     $ 8,076,868     $ 8,733,864  

Net realized gain (loss) on investments

    1,243,607       (2,363     54,045,285       3,151,249       14,142,203       13,786,257  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    32,943,614       286,724       200,052,740       (202,544,682     71,428,676       (78,845,215

Net increase (decrease) in net assets resulting from operations

    34,422,309       286,975       307,946,657       (144,805,246     93,647,747       (56,325,094

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (123,000           (52,081,069     (54,457,954     (8,097,830     (8,368,109

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    326,524,836       2,552,390       218,376,026       217,678,287       77,369,133       160,150,131  

Cost of shares redeemed

    (14,330,951     (100     (334,484,277     (43,279,395     (84,869,482     (217,424,064

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

    312,193,885       2,552,290       (116,108,251     174,398,892       (7,500,349     (57,273,933

Net Increase (Decrease) in Net Assets

    346,493,194       2,839,265       139,757,337       (24,864,308     78,049,568       (121,967,136

NET ASSETS:

 

Beginning of period

  $ 2,839,365     $ 100     $ 1,856,681,161     $ 1,881,545,469     $ 570,765,225     $ 692,732,361  

End of period

  $ 349,332,559     $ 2,839,365     $ 1,996,438,498     $ 1,856,681,161     $ 648,814,793     $ 570,765,225  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    100,000       4       65,000,000       59,050,000       13,200,000       14,450,000  

Shares created

    8,825,000       100,000       7,150,000       7,450,000       1,650,000       3,650,000  

Shares redeemed

    (425,000     (4     (11,100,000     (1,500,000     (1,900,000     (4,900,000

Shares outstanding, end of period

    8,500,000       100,000       61,050,000       65,000,000       12,950,000       13,200,000  

*   Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

    

 

See Notes to Financial Statements.

 

WisdomTree Trust      123  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree

U.S. SmallCap Quality Dividend Growth Fund

    WisdomTree
U.S. SmallCap Quality
Growth Fund
    WisdomTree
U.S. Total Dividend Fund
 
     For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the Period
January 25, 2024*
through
March 31, 2024
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

   

Net investment income

  $ 6,678,374     $ 6,132,472     $ 1,944     $ 28,061,790     $ 28,310,458  

Net realized gain (loss) on investments and futures contracts

    9,149,557       (1,401,252     (359     51,083,318       41,077,780  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    45,130,468       (15,294,977     60,492       127,478,453       (103,960,735

Net increase (decrease) in net assets resulting from operations

    60,958,399       (10,563,757     62,077       206,623,561       (34,572,497

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (6,675,150     (6,156,770           (27,138,000     (30,260,035

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    129,464,343       86,682,667       1,250,000       108,406,714       222,869,091  

Cost of shares redeemed

    (61,551,198     (69,170,357     (99     (141,706,706     (160,877,872

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

    67,913,145       17,512,310       1,249,901       (33,299,992     61,991,219  

Net Increase (Decrease) in Net Assets

    122,196,394       791,783       1,311,978       146,185,569       (2,841,313

NET ASSETS:

 

Beginning of period

  $ 225,624,568     $ 224,832,785     $ 100     $ 1,077,787,771     $ 1,080,629,084  

End of period

  $ 347,820,962     $ 225,624,568     $ 1,312,078     $ 1,223,973,340     $ 1,077,787,771  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    5,425,000       5,035,000       4       17,800,000       16,750,000  

Shares created

    2,950,000       2,080,000       50,000       1,750,000       3,650,000  

Shares redeemed

    (1,370,000     (1,690,000     (4     (2,250,000     (2,600,000

Shares outstanding, end of period

    7,005,000       5,425,000       50,000       17,300,000       17,800,000  

*   Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

    

 

See Notes to Financial Statements.

 

124   WisdomTree Trust


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

      WisdomTree
U.S. Value Fund
 
      For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 3,441,746      $ 2,367,699  

Net realized gain (loss) on investments and futures contracts

     18,934,169        (3,265,108

Net increase (decrease) in unrealized appreciation/depreciation on investments

     31,931,551        (2,246,805

Net increase (decrease) in net assets resulting from operations

     54,307,466        (3,144,214

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (3,370,724      (2,373,350

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     141,980,130        75,822,780  

Cost of shares redeemed

     (62,985,076      (36,805,721

Net increase in net assets resulting from capital share transactions

     78,995,054        39,017,059  

Net Increase in Net Assets

     129,931,796        33,499,495  

NET ASSETS:

 

Beginning of year

   $ 147,213,914      $ 113,714,419  

End of year

   $ 277,145,710      $ 147,213,914  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     2,510,000        1,850,000  

Shares created

     2,130,000        1,290,000  

Shares redeemed

     (970,000      (630,000

Shares outstanding, end of year

     3,670,000        2,510,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      125  


Financial Highlights

WisdomTree Trust

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

 

 

WisdomTree U.S. AI Enhanced Value Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 20221
    For the
Year Ended
March 31, 20211
    For the
Year Ended
March 31, 20201
 

Net asset value, beginning of year

  $ 91.65     $ 99.02     $ 94.15     $ 64.64     $ 85.52  

Investment operations:

 

Net investment income2

    2.35       2.01       2.70       2.67       3.11  

Net realized and unrealized gain (loss)

    10.19       (7.31     4.95       29.49       (20.83

Total from investment operations

    12.54       (5.30     7.65       32.16       (17.72

Dividends to shareholders:

 

Net investment income

    (2.40     (2.07     (2.78     (2.65     (3.16

Net asset value, end of year

  $ 101.79     $ 91.65     $ 99.02     $ 94.15     $ 64.64  

TOTAL RETURN3

    13.93     (5.25 )%      8.19     50.69     (21.49 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 379,175     $ 396,367     $ 492,636     $ 555,491     $ 543,010  

Ratios to average net assets of:

 

Expenses4,5

    0.38     0.38     0.38     0.38     0.38

Net investment income

    2.53     2.17     2.76     3.40     3.61

Portfolio turnover rate6

    127     150     96 %7,8      47     46

 

           
WisdomTree U.S. High Dividend Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 82.28     $ 87.98     $ 76.26     $ 56.58     $ 72.49  

Investment operations:

 

Net investment income2

    3.40       3.26       2.88       2.71       2.65  

Net realized and unrealized gain (loss)

    4.23       (5.45     11.30       19.94       (15.81

Total from investment operations

    7.63       (2.19     14.18       22.65       (13.16

Dividends to shareholders:

 

Net investment income

    (3.28     (3.51     (2.46     (2.97     (2.75

Net asset value, end of year

  $ 86.63     $ 82.28     $ 87.98     $ 76.26     $ 56.58  

TOTAL RETURN3

    9.68     (2.49 )%      18.96     40.97     (18.99 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 1,100,207     $ 1,337,100     $ 1,024,960     $ 774,034     $ 678,935  

Ratios to average net assets of:

 

Expenses4,5

    0.38     0.38     0.38     0.38     0.38

Net investment income

    4.23     3.84     3.56     4.13     3.63

Portfolio turnover rate6

    30     47     38     43     39
1 

The information reflects the investment objective and strategy of the WisdomTree U.S. Dividend ex-Financials Fund through January 17, 2022 and the investment objective and strategy of the WisdomTree U.S. AI Enhanced Value Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

5 

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

 

6 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

7

The increase in the portfolio turnover rate was primarily a result of the change in investment objective and strategy on January 18, 2022.

 

8

On January 7, 2022, Voya Investment Management Co., LLC replaced Mellon Investments Corporation as sub-advisor to the Fund.

 

See Notes to Financial Statements.

 

126   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. LargeCap Dividend Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 20221
    For the
Year Ended
March 31, 20211
    For the
Year Ended
March 31, 20201
 

Net asset value, beginning of year

  $ 61.86     $ 65.66     $ 57.27     $ 40.47     $ 47.11  

Investment operations:

 

Net investment income2

    1.60       1.59       1.42       1.36       1.36  

Net realized and unrealized gain (loss)

    10.30       (3.74     8.33       16.79       (6.64

Total from investment operations

    11.90       (2.15     9.75       18.15       (5.28

Dividends to shareholders:

 

Net investment income

    (1.57     (1.65     (1.36     (1.35     (1.36

Net asset value, end of year

  $ 72.19     $ 61.86     $ 65.66     $ 57.27     $ 40.47  

TOTAL RETURN3

    19.57     (3.22 )%      17.16     45.40     (11.62 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 4,013,662     $ 3,470,408     $ 3,427,240     $ 2,823,467     $ 1,849,693  

Ratios to average net assets of:

 

Expenses4,5

    0.28     0.28     0.28     0.28     0.28

Net investment income

    2.49     2.58     2.28     2.73     2.76

Portfolio turnover rate6

    15     20     19     20     13

 

           
WisdomTree U.S. LargeCap Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 43.76     $ 48.23     $ 43.29     $ 28.10     $ 31.77  

Investment operations:

 

Net investment income2

    0.87       0.84       0.78       0.73       0.73  

Net realized and unrealized gain (loss)

    11.67       (4.48     4.92       15.19       (3.72

Total from investment operations

    12.54       (3.64     5.70       15.92       (2.99

Dividends to shareholders:

 

Net investment income

    (0.88     (0.83     (0.76     (0.73     (0.68

Net asset value, end of year

  $ 55.42     $ 43.76     $ 48.23     $ 43.29     $ 28.10  

TOTAL RETURN3

    28.94     (7.42 )%      13.19     57.11     (9.65 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 850,748     $ 658,635     $ 696,953     $ 510,794     $ 341,423  

Ratios to average net assets of:

 

Expenses4

    0.08     0.08     0.08     0.08     0.08 %5 

Net investment income

    1.83     1.95     1.65     2.00     2.16

Portfolio turnover rate6

    14     22     22     21     22
1 

Per share amounts were adjusted to reflect a 2:1 share split effective December 23, 2021.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

5 

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

 

6 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      127  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. MidCap Dividend Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 41.02     $ 44.31     $ 40.40     $ 24.19     $ 35.76  

Investment operations:

 

Net investment income1

    1.14       1.19       0.99       0.80       1.01  

Net realized and unrealized gain (loss)

    7.78       (3.27     3.89       16.24       (11.56

Total from investment operations

    8.92       (2.08     4.88       17.04       (10.55

Dividends to shareholders:

 

Net investment income

    (1.13     (1.21     (0.97     (0.83     (1.02

Net asset value, end of year

  $ 48.81     $ 41.02     $ 44.31     $ 40.40     $ 24.19  

TOTAL RETURN2

    22.17     (4.65 )%      12.17     71.52     (30.28 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 3,658,118     $ 3,220,003     $ 3,210,599     $ 2,904,494     $ 2,485,261  

Ratios to average net assets of:

 

Expenses3,4

    0.38     0.38     0.38     0.38     0.38

Net investment income

    2.67     2.85     2.31     2.55     2.84

Portfolio turnover rate5

    26     40     38     57     33

 

           
WisdomTree U.S. MidCap Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 49.77     $ 54.66     $ 50.86     $ 26.44     $ 39.30  

Investment operations:

 

Net investment income1

    0.76       0.75       0.72       0.56       0.62  

Net realized and unrealized gain (loss)

    11.32       (4.90     3.81       24.45       (12.83

Total from investment operations

    12.08       (4.15     4.53       25.01       (12.21

Dividends to shareholders:

 

Net investment income

    (0.77     (0.74     (0.73     (0.59     (0.65

Net asset value, end of year

  $ 61.08     $ 49.77     $ 54.66     $ 50.86     $ 26.44  

TOTAL RETURN2

    24.47     (7.50 )%      8.93     95.30     (31.45 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 827,692     $ 716,692     $ 811,672     $ 706,997     $ 560,609  

Ratios to average net assets of:

 

Expenses3,4

    0.38     0.38     0.38     0.38     0.38

Net investment income

    1.42     1.50     1.34     1.49     1.58

Portfolio turnover rate5

    32     40     50     50     41
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. 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 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

4 

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

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

128   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. MidCap Quality Growth Fund   For the Period
January 25, 2024*
through
March 31, 2024
 

Net asset value, beginning of period

  $ 24.84  

Investment operations:

 

Net investment income1

    0.04  

Net realized and unrealized gain

    3.04  

Total from investment operations

    3.08  

Net asset value, end of period

  $ 27.92  

TOTAL RETURN2

    12.40

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 4,187  

Ratios to average net assets of:

 

Expenses

    0.38 %3 

Net investment income

    0.74 %3 

Portfolio turnover rate4

    0 %5 

 

           
WisdomTree U.S. Multifactor Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 37.51     $ 40.90     $ 37.83     $ 24.58     $ 28.98  

Investment operations:

 

Net investment income1

    0.59       0.65       0.63       0.39       0.59  

Net realized and unrealized gain (loss)

    9.02       (3.40     3.03       13.26       (4.43

Total from investment operations

    9.61       (2.75     3.66       13.65       (3.84

Dividends to shareholders:

 

Net investment income

    (0.60     (0.64     (0.59     (0.40     (0.56

Net asset value, end of year

  $ 46.52     $ 37.51     $ 40.90     $ 37.83     $ 24.58  

TOTAL RETURN2

    25.84     (6.68 )%      9.68     55.76     (13.43 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 291,930     $ 262,564     $ 223,949     $ 148,490     $ 141,308  

Ratios to average net assets of:

 

Expenses

    0.28     0.28     0.28     0.28     0.28 %6,7 

Net investment income

    1.46     1.72     1.58     1.21     1.94

Portfolio turnover rate4

    115     102     152     147     145
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. 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 for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

5 

Amount represents less than 1%.

 

6 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

7 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      129  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. Quality Dividend Growth Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 62.35     $ 63.56     $ 57.14     $ 38.85     $ 43.04  

Investment operations:

 

Net investment income1

    1.24       1.28       1.22       1.07       1.09  

Net realized and unrealized gain (loss)

    13.86       (1.17     6.37       18.27       (4.21

Total from investment operations

    15.10       0.11       7.59       19.34       (3.12

Dividends to shareholders:

 

Net investment income

    (1.23     (1.32     (1.17     (1.05     (1.07

Net asset value, end of year

  $ 76.22     $ 62.35     $ 63.56     $ 57.14     $ 38.85  

TOTAL RETURN2

    24.48     0.29     13.36     50.24     (7.52 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 12,701,587     $ 8,126,909     $ 7,033,318     $ 5,576,647     $ 2,723,483  

Ratios to average net assets of:

 

Expenses

    0.28     0.28     0.28     0.28     0.28

Net investment income

    1.84     2.12     1.98     2.15     2.43

Portfolio turnover rate3

    25     28     30     30     41

 

     
WisdomTree U.S. Quality Growth Fund    For the
Year Ended
March 31, 2024
     For the Period
December 15, 2022*
through
March 31, 2023
 

Net asset value, beginning of period

   $ 28.39      $ 25.11  

Investment operations:

 

  

Net investment income1

     0.10        0.03  

Net realized and unrealized gain

     12.65        3.25  

Total from investment operations

     12.75        3.28  

Dividends to shareholders:

 

Net investment income

     (0.04       

Net asset value, end of period

   $ 41.10      $ 28.39  

TOTAL RETURN2

     44.93      13.06

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 349,333      $ 2,839  

Ratios to average net assets of:

 

Expenses

     0.28      0.28 %4 

Net investment income

     0.29      0.45 %4 

Portfolio turnover rate3

     27      1
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4 

Annualized.

 

See Notes to Financial Statements.

 

130   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. SmallCap Dividend Fund    For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 28.56      $ 31.86      $ 31.09      $ 18.11      $ 27.54  

Investment operations:

 

Net investment income1

     0.86        0.88        0.85        0.66        0.79  

Net realized and unrealized gain (loss)

     4.12        (3.31      0.76        12.99        (9.40

Total from investment operations

     4.98        (2.43      1.61        13.65        (8.61

Dividends to shareholders:

 

Net investment income

     (0.84      (0.87      (0.84      (0.67      (0.82

Net asset value, end of year

   $ 32.70      $ 28.56      $ 31.86      $ 31.09      $ 18.11  

TOTAL RETURN2

     17.79      (7.59 )%       5.18      76.76      (32.22 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 1,996,438      $ 1,856,681      $ 1,881,545      $ 1,829,823      $ 1,316,919  

Ratios to average net assets of:

 

Expenses3,4

     0.38      0.38      0.38      0.38      0.38

Net investment income

     2.93      2.98      2.66      2.78      2.94

Portfolio turnover rate5

     33      38      39      53      50

 

           
WisdomTree U.S. SmallCap Fund    For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 43.24      $ 47.94      $ 47.23      $ 22.38      $ 36.08  

Investment operations:

 

Net investment income1

     0.62        0.62        0.73        0.44        0.51  

Net realized and unrealized gain (loss)

     6.86        (4.73      0.78        24.85        (13.66

Total from investment operations

     7.48        (4.11      1.51        25.29        (13.15

Dividends to shareholders:

 

Net investment income

     (0.62      (0.59      (0.80      (0.44      (0.55

Net asset value, end of year

   $ 50.10      $ 43.24      $ 47.94      $ 47.23      $ 22.38  

TOTAL RETURN2

     17.43      (8.51 )%       3.11      113.74      (36.87 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 648,815      $ 570,765      $ 692,732      $ 609,327      $ 419,676  

Ratios to average net assets of:

 

Expenses3,4

     0.38      0.38      0.38      0.38      0.38

Net investment income

     1.36      1.40      1.47      1.33      1.45

Portfolio turnover rate5

     47      51      54      56      55
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

4 

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

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      131  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. SmallCap Quality
Dividend Growth Fund
  For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 41.59     $ 44.65     $ 45.96     $ 25.02     $ 34.70  

Investment operations:

 

Net investment income1

    1.08       1.17       1.14       0.94       0.80  

Net realized and unrealized gain (loss)

    8.06       (3.06     (1.32     20.92       (9.68

Total from investment operations

    9.14       (1.89     (0.18     21.86       (8.88

Dividends to shareholders:

 

Net investment income

    (1.08     (1.17     (1.13     (0.92     (0.80

Net asset value, end of year

  $ 49.65     $ 41.59     $ 44.65     $ 45.96     $ 25.02  

TOTAL RETURN2

    22.40     (4.14 )%      (0.45 )%      88.65     (26.22 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 347,821     $ 225,625     $ 224,833     $ 187,733     $ 73,802  

Ratios to average net assets of:

 

Expenses

    0.38     0.38     0.38     0.38     0.38

Net investment income

    2.49     2.81     2.49     2.67     2.29

Portfolio turnover rate3

    51     51     60     83     51

 

   
WisdomTree U.S. SmallCap Quality Growth Fund   For the Period
January 25, 2024*
through
March 31, 2024
 

Net asset value, beginning of period

  $ 24.79  

Investment operations:

 

Net investment income1

    0.04  

Net realized and unrealized gain

    1.41  

Total from investment operations

    1.45  

Net asset value, end of period

  $ 26.24  

TOTAL RETURN2

    5.85

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 1,312  

Ratios to average net assets of:

 

Expenses

    0.38 %4 

Net investment income

    0.84 %4 

Portfolio turnover rate3

    1
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4 

Annualized.

 

See Notes to Financial Statements.

 

132   WisdomTree Trust


Financial Highlights (concluded)

WisdomTree Trust

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

 

 

WisdomTree U.S. Total Dividend Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 20221
    For the
Year Ended
March 31, 20211
    For the
Year Ended
March 31, 20201
 

Net asset value, beginning of year

  $ 60.55     $ 64.52     $ 56.49     $ 39.19     $ 47.31  

Investment operations:

 

Net investment income2

    1.60       1.60       1.43       1.33       1.38  

Net realized and unrealized gain (loss)

    10.15       (3.86     7.94       17.30       (8.13

Total from investment operations

    11.75       (2.26     9.37       18.63       (6.75

Dividends to shareholders:

 

Net investment income

    (1.55     (1.71     (1.34     (1.33     (1.37

Net asset value, end of year

  $ 70.75     $ 60.55     $ 64.52     $ 56.49     $ 39.19  

TOTAL RETURN3

    19.75     (3.44 )%      16.73     48.15     (14.75 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 1,223,973     $ 1,077,788     $ 1,080,629     $ 875,531     $ 634,956  

Ratios to average net assets of:

 

Expenses

    0.28     0.28     0.28     0.28     0.28 %4,5 

Net investment income

    2.54     2.64     2.33     2.73     2.82

Portfolio turnover rate6

    15     19     22     22     16

 

           
WisdomTree U.S. Value Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 20227
    For the
Year Ended
March 31, 20217
    For the
Year Ended
March 31, 20207
 

Net asset value, beginning of year

  $ 58.65     $ 61.47     $ 56.19     $ 32.52     $ 42.35  

Investment operations:

 

Net investment income2

    1.27       1.17       1.08       0.76       0.76  

Net realized and unrealized gain (loss)

    16.79       (2.83     5.19       23.79       (9.88

Total from investment operations

    18.06       (1.66     6.27       24.55       (9.12

Dividends to shareholders:

 

Net investment income

    (1.19     (1.16     (0.99     (0.88     (0.71

Net asset value, end of year

  $ 75.52     $ 58.65     $ 61.47     $ 56.19     $ 32.52  

TOTAL RETURN3

    31.10     (2.54 )%      11.16     76.07     (21.86 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 277,146     $ 147,214     $ 113,714     $ 58,441     $ 61,795  

Ratios to average net assets of:

 

Expenses

    0.12     0.12 %4,5      0.30 %8      0.38     0.38

Net investment income

    1.97     2.02     1.77     1.76     1.75

Portfolio turnover rate6

    64     66     62     59     101
1 

Per share amounts were adjusted to reflect a 2:1 share split effective December 23, 2021.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

5 

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

 

6 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

7 

Per share amounts were adjusted to reflect a 2:1 share split effective June 10, 2021.

 

8 

Prior to January 3, 2022, the Fund’s annual advisory fee rate was 0.38% and, thereafter, was reduced to 0.12% per annum.

 

See Notes to Financial Statements.

 

WisdomTree Trust      133  


Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.

 

   
Fund    Commencement
of Operations
 

WisdomTree U.S. AI Enhanced Value Fund (“U.S. AI Enhanced Value Fund”)

     June 16, 2006  

WisdomTree U.S. High Dividend Fund (“U.S. High Dividend Fund”)

     June 16, 2006  

WisdomTree U.S. LargeCap Dividend Fund (“U.S. LargeCap Dividend Fund”)

     June 16, 2006  

WisdomTree U.S. LargeCap Fund (“U.S. LargeCap Fund”)

     February 23, 2007  

WisdomTree U.S. MidCap Dividend Fund (“U.S. MidCap Dividend Fund”)

     June 16, 2006  

WisdomTree U.S. MidCap Fund (“U.S. MidCap Fund”)

     February 23, 2007  

WisdomTree U.S. MidCap Quality Growth Fund (“U.S. MidCap Quality Growth Fund”)

     January 25, 2024  

WisdomTree U.S. Multifactor Fund (“U.S. Multifactor Fund”)

     June 29, 2017  

WisdomTree U.S. Quality Dividend Growth Fund (“U.S. Quality Dividend Growth Fund”)

     May 22, 2013  

WisdomTree U.S. Quality Growth Fund (“U.S. Quality Growth Fund”)

     December 15, 2022  

WisdomTree U.S. SmallCap Dividend Fund (“U.S. SmallCap Dividend Fund”)

     June 16, 2006  

WisdomTree U.S. SmallCap Fund (“U.S. SmallCap Fund”)

     February 23, 2007  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (“U.S. SmallCap Quality Dividend Growth Fund”)

     July 25, 2013  

WisdomTree U.S. SmallCap Quality Growth Fund (“U.S. SmallCap Quality Growth Fund”)

     January 25, 2024  

WisdomTree U.S. Total Dividend Fund (“U.S. Total Dividend Fund”)

     June 16, 2006  

WisdomTree U.S. Value Fund (“U.S. Value Fund”)

     February 23, 2007  

Each Fund, except the U.S. AI Enhanced Value Fund and U.S. Value Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree, Inc. (“WisdomTree”) or an Index developed by a third party. The U.S. AI Enhanced Value Fund and the U.S. Value Fund are actively managed using a model-based approach seeking income and capital appreciation. WisdomTree 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 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 believe such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g., broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are

 

134   WisdomTree Trust


Notes to Financial Statements (continued)

 

valued under policies approved by the Board of Trustees of the Trust (the “Board” or “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 on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange.

Pursuant to Board-approved valuation procedures established by the Trust and WTAM, the Board has appointed WTAM as the Funds’ valuation designee (the “Valuation Designee”) to perform all fair valuations of the Funds’ portfolio investments, subject to the Board’s oversight. As the Valuation Designee, WTAM has established procedures for its fair valuation of a Fund’s portfolio investments. These procedures address, among other things, determining when market quotations are not readily available or reliable and the methodologies to be used for determining the fair value of investments, as well as the use and oversight of third-party pricing services for fair valuation. The Valuation Designee is comprised of senior representatives of WTAM and 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 the exchange or system on which it is principally traded, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Valuation Designee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Valuation Designee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

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

prepayment speeds, credit risk, etc.)

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

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

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

 

WisdomTree Trust      135  


Notes to Financial Statements (continued)

 

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

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details (e.g., credit rating, debt ranking, coupon date, maturity date, etc.), 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.

Determination of a fair value by the Valuation Designee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Valuation Designee 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 Valuation Designee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the fiscal year or period ended March 31, 2024, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. All of the derivative instruments disclosed and described herein are subject to risk.

For the fiscal year ended March 31, 2024, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

   
Fund    Amount of Realized Gain
on Derivatives Recognized1
 

U.S. Multifactor Fund

 

Equity risk

   $ 101,091  

U.S. SmallCap Quality Dividend Growth Fund

 

Equity risk

     72,103  

U.S. Value Fund

 

Equity risk

     11,285  
  1 

Realized gains on derivatives are located on the Statements of Operations as follows:

 

Equity risk

   Net realized gain from futures contracts

During the fiscal year ended March 31, 2024, the volume of derivative activity (based on the average of month-end notional balances, except where footnoted) for each Fund was as follows:

 

   
     Average Notional  
Fund    Futures
contracts
(long)
 

U.S. Multifactor Fund

 

Equity risk1

   $ 970,373  

U.S. SmallCap Quality Dividend Growth Fund

 

Equity risk1

     215,906  

U.S. Value Fund

 

Equity risk1

     135,221  
  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 (less foreign taxes withheld, if any) is recognized on the ex-dividend date. Non-cash dividend income is recognized on the ex-dividend date at the fair value of securities to be received. Upon notification from real estate investment trust (“REIT”) issuers or as estimated by management, all or a portion of the dividend income received from a REIT may be redesignated

 

136   WisdomTree Trust


Notes to Financial Statements (continued)

 

as a reduction of cost of the related investment and/or as a realized gain. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Taxes — The Funds may be subject to foreign taxes (a portion of which may be reclaimable or refundable) on foreign income. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and tax rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are accrued and applied to foreign income as the foreign income is earned and are reflected on the Statements of Operations as follows: foreign taxes withheld on dividends are presented as a reduction to investment income in “Less: Foreign withholding taxes on dividends”, foreign taxes on capital gains from investment transactions, if any, are included in “Net realized gain (loss) from investment transactions”, and deferred foreign taxes on net unrealized appreciation on investments, if any, are included in “Net increase (decrease) in unrealized appreciation/depreciation on investment transactions”. Foreign taxes payable or deferred as of March 31, 2024, if any, are disclosed in the Statements of Assets and Liabilities in “Payables: Foreign capital gains tax”.

Expenses — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Futures Contracts — The U.S. Multifactor Fund, U.S. SmallCap Quality Dividend Growth Fund and U.S. Value Fund each utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with their investment objective during each Fund’s periodic portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency, equity, digital asset or U.S. Treasury security, collectively herein, “Reference Asset”) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified Reference Asset at a future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. A Fund may also cash settle upon the expiration date of a futures contract in which no physical delivery (or receipt) of the specified Reference Asset comprising the futures contract is made. Instead, settlement in cash would occur upon the expiration of the contract, with the cash settlement being the difference between the contract price and the actual price of the specified Reference Asset at the expiration date. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or U.S. government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Cash deposited as

 

WisdomTree Trust      137  


Notes to Financial Statements (continued)

 

initial margin, if any, is shown as “Deposits at broker for futures contracts” in the Statements of Assets and Liabilities, and U.S. government securities deposited, if any, are designated in the Schedule of Investments. 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 unrealized net gain or loss is reclassified to realized gain or loss on futures. The Funds have adopted a derivatives risk management program pursuant to Rule 18f-4 under the 1940 Act to assess and manage the Funds’ derivatives risk. Rule 18f-4 limits the amount of derivatives a fund can enter into and replaces the asset segregation framework previously used by the Funds to comply with Section 18 of the 1940 Act.

As of March 31, 2024, there were no open futures contracts in the Funds.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

The Funds’ securities lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower. However, in the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to the Lending Agreement or similar arrangements in the Statements of Assets and Liabilities. Therefore, all qualifying transactions, if any at March 31, 2024, are

 

138   WisdomTree Trust


Notes to Financial Statements (continued)

 

presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2024, certain of the Funds had securities on loan and the value of the related collateral received by each of those Funds exceeded the value of the securities loaned by each of those Funds. The value of the securities loaned by each Fund is located in the Statements of Assets and Liabilities in “Investments in securities, at value” and also in the footnotes below the Schedules of Investments. In addition, a breakout of the total amount of cash and non-cash securities lending collateral received is located in the footnotes below the Schedules of Investments.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations (i.e., tax basis) which may differ to amounts determined under GAAP (i.e., book basis). 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. AI Enhanced Value Fund. Prior to January 7, 2022, sub-advisory services for the U.S. AI Enhanced Value Fund were provided by Mellon and thereafter Voya Investment Management Co., LLC (“Voya IM”). Mellon and Voya IM are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

 

WisdomTree Trust      139  


Notes to Financial Statements (continued)

 

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

U.S. AI Enhanced Value Fund

     0.38

U.S. High Dividend Fund

     0.38

U.S. LargeCap Dividend Fund

     0.28

U.S. LargeCap Fund

     0.08

U.S. MidCap Dividend Fund

     0.38

U.S. MidCap Fund

     0.38

U.S. MidCap Quality Growth Fund1

     0.38

U.S. Multifactor Fund

     0.28

U.S. Quality Dividend Growth Fund

     0.28

U.S. Quality Growth Fund

     0.28

U.S. SmallCap Dividend Fund

     0.38

U.S. SmallCap Fund

     0.38

U.S. SmallCap Quality Dividend Growth Fund

     0.38

U.S. SmallCap Quality Growth Fund1

     0.38

U.S. Total Dividend Fund

     0.28

U.S. Value Fund

     0.12
  1 

Since the commencement of operations on January 25, 2024.

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the fiscal year ended March 31, 2024, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of its advisory fees, that it would otherwise charge, for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (e.g., fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statements of Operations in “Expense waivers”.

During the fiscal year ended March 31, 2024, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2024, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/(Loss)
 

U.S. High Dividend Fund

   $ 83,651,132      $ 28,920,750      $ 2,847,239  

U.S. LargeCap Dividend Fund

     85,356,369        82,394,885        (10,434,135

U.S. LargeCap Fund

     24,598,820        20,792,632        (2,417,067

U.S. MidCap Dividend Fund

     142,718,688        300,537,030        (54,073,636

U.S. MidCap Fund

     85,239,914        78,078,305        (12,992,204

U.S. Quality Dividend Growth Fund

     176,554,489        206,469,975        (8,756,796

U.S. SmallCap Dividend Fund

     216,757,816        163,688,117        3,940,400  

U.S. SmallCap Fund

     77,659,283        46,554,478        9,559,743  

U.S. SmallCap Quality Dividend Growth Fund

     69,700,593        30,817,565        (2,187,510

U.S. Total Dividend Fund

     24,580,163        28,563,530        (2,289,675

 

140   WisdomTree Trust


Notes to Financial Statements (continued)

 

WTAM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2024, WT held shares of and received distributions from the following Funds, which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

      At March 31, 2024      For the Fiscal Year Ended
March 31, 2024
 
Fund   

Fund Shares held

by WT

    

Market Value of

Fund Shares

held by WT

    

Dividends and

Distributions paid to

WT on Fund Shares

held by WT

 

U.S. High Dividend Fund

     137      $ 11,872      $ 397  

U.S. LargeCap Dividend Fund

                   17  

U.S. LargeCap Fund

     1,023        56,674        1,221  

U.S. MidCap Dividend Fund

     669        32,627        582  

U.S. Multifactor Fund

     1,143        53,212        670  

U.S. Quality Dividend Growth Fund

     1,101        83,885        1,192  

U.S. Quality Growth Fund

     701        28,811         

U.S. SmallCap Dividend Fund

     126        4,118        21  

U.S. SmallCap Fund

     242        12,129        158  

U.S. SmallCap Quality Dividend Growth Fund

     381        18,913        363  

U.S. Total Dividend Fund

     325        22,984        545  

U.S. Value Fund

     74        5,595        86  

In connection with the organization of the U.S. MidCap Quality Growth Fund and U.S. SmallCap Quality Growth Fund, each a newly launched Fund, WTAM contributed $100 to each Fund in exchange for 4 shares of each Fund. Prior to March 31, 2024, WTAM redeemed the aforementioned shares as 4 shares of each Fund for proceeds of $99.

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2024, 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 to an authorized participant (“AP”). Except when aggregated in creation units (“Creation Unit Aggregations”), 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 (“Deposit Securities”) and/or an amount of cash (“Cash Component”). Creation Unit Aggregations may be created in advance of receipt by a Fund of all or a portion of the applicable Deposit Securities from APs. In these circumstances, the initial deposit received from the AP will have a value greater than the NAV of the applicable Fund’s shares on the date the order is placed in proper form since, in addition to available Deposit Securities, U.S. cash must be deposited by the AP in an amount equal to the sum of (i) the Cash Component, plus (ii) generally between 102%-110%, as directed by the Trust or WTAM, which the Trust or WTAM may change from time to time, of the market value of the undelivered Deposit Securities (the “Additional Cash Deposit”) with the Fund pending delivery of any missing Deposit Securities. The Fund will return any unused portion of the Additional Cash Deposit once all of the missing Deposit Securities have been properly received from the AP or purchased by the Fund. Amounts due to be returned to an AP as of March 31, 2024, if any, is shown in the Statements of Assets and Liabilities in “Payables: Deposit due to authorized participant”. APs 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.

 

WisdomTree Trust      141  


Notes to Financial Statements (continued)

 

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year or period ended March 31, 2024 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

U.S. AI Enhanced Value Fund

   $ 478,937,601      $ 478,541,375      $ 2,385,250      $ 58,699,954  

U.S. High Dividend Fund

     350,912,696        347,044,915        126,365,786        404,509,632  

U.S. LargeCap Dividend Fund

     552,813,717        554,552,738        471,985,970        505,504,034  

U.S. LargeCap Fund

     99,091,777        98,327,692        96,080,372        79,487,851  

U.S. MidCap Dividend Fund

     865,748,805        862,982,679        362,871,633        518,511,322  

U.S. MidCap Fund

     236,757,258        236,003,492        134,778,318        180,048,159  

U.S. MidCap Quality Growth Fund1

     1,257,617        11,716        2,634,694         

U.S. Multifactor Fund

     301,665,437        300,153,682        125,848,181        152,281,142  

U.S. Quality Dividend Growth Fund

     2,574,957,115        2,550,003,978        4,514,844,094        2,167,133,939  

U.S. Quality Growth Fund

     25,008,281        24,272,281        325,457,338        14,103,702  

U.S. SmallCap Dividend Fund

     613,152,922        608,912,579        217,471,030        325,907,926  

U.S. SmallCap Fund

     280,397,051        279,657,016        77,255,257        84,746,186  

U.S. SmallCap Quality Dividend Growth Fund

     137,820,191        137,717,375        129,150,653        60,566,716  

U.S. SmallCap Quality Growth Fund1

     1,257,708        12,160                

U.S. Total Dividend Fund

     167,367,402        166,691,762        108,285,805        140,777,117  

U.S. Value Fund

     113,441,214        113,375,363        141,605,109        62,730,750  
  1 

For the period January 25, 2024 (commencement of operations) through March 31, 2024.

6. FEDERAL INCOME TAXES

At March 31, 2024, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

         
Fund    Tax Cost     

Gross Unrealized

Appreciation

    

Gross Unrealized

Depreciation

    

Net Unrealized

Appreciation

 

U.S. AI Enhanced Value Fund

   $ 352,527,580      $ 32,114,274      $ (6,807,885    $ 25,306,389  

U.S. High Dividend Fund

     1,046,101,189        96,385,745        (44,795,660      51,590,085  

U.S. LargeCap Dividend Fund

     2,957,380,509        1,084,487,874        (34,156,965      1,050,330,909  

U.S. LargeCap Fund

     644,213,265        219,731,558        (14,069,005      205,662,553  

U.S. MidCap Dividend Fund

     3,055,471,298        730,477,503        (124,590,338      605,887,165  

U.S. MidCap Fund

     694,577,029        174,660,856        (34,896,646      139,764,210  

U.S. MidCap Quality Growth Fund

     3,880,570        345,527        (40,984      304,543  

U.S. Multifactor Fund

     251,762,485        41,500,635        (1,747,175      39,753,460  

U.S. Quality Dividend Growth Fund

     10,288,041,573        2,520,110,989        (116,639,738      2,403,471,251  

U.S. Quality Growth Fund

     316,299,205        35,604,754        (2,795,499      32,809,255  

U.S. SmallCap Dividend Fund

     1,814,473,921        317,849,264        (134,437,125      183,412,139  

U.S. SmallCap Fund

     616,810,793        96,392,685        (56,667,183      39,725,502  

U.S. SmallCap Quality Dividend Growth Fund

     309,724,824        48,966,516        (11,265,734      37,700,782  

U.S. SmallCap Quality Growth Fund

     1,246,195        112,269        (52,783      59,486  

U.S. Total Dividend Fund

     908,919,282        330,448,477        (17,195,250      313,253,227  

U.S. Value Fund

     240,588,897        39,019,709        (2,873,454      36,146,255  

 

142   WisdomTree Trust


Notes to Financial Statements (continued)

 

At March 31, 2024, the components of total distributable earnings (loss) on a tax-basis were as follows:

 

         
Fund   

Undistributed

Ordinary Income

    

Undistributed

Capital and Other

Losses

    

Net Unrealized

Appreciation

    

Total Distributable

Earnings (Loss)

 

U.S. AI Enhanced Value Fund

   $ 139,994      $ (126,770,009    $ 25,306,389      $ (101,323,626

U.S. High Dividend Fund

     2,552,192        (148,480,770      51,590,085        (94,338,493

U.S. LargeCap Dividend Fund

     3,886,885        (295,914,932      1,050,330,909        758,302,862  

U.S. LargeCap Fund

     206,041        (73,444,622      205,662,553        132,423,972  

U.S. MidCap Dividend Fund

     2,643,366        (523,834,938      605,887,165        84,695,593  

U.S. MidCap Fund

     126,268        (113,954,657      139,764,210        25,935,821  

U.S. MidCap Quality Growth Fund

     3,452        (25      304,543        307,970  

U.S. Multifactor Fund

     163,746        (35,359,373      39,753,460        4,557,833  

U.S. Quality Dividend Growth Fund

     3,508,241        (538,174,776      2,403,471,251        1,868,804,716  

U.S. Quality Growth Fund

     114,702        (118,490      32,809,255        32,805,467  

U.S. SmallCap Dividend Fund

     2,898,429        (406,607,702      183,412,139        (220,297,134

U.S. SmallCap Fund

     209,083        (80,014,271      39,725,502        (40,079,686

U.S. SmallCap Quality Dividend Growth Fund

     126,473        (35,544,924      37,700,782        2,282,331  

U.S. SmallCap Quality Growth Fund

     2,591               59,486        62,077  

U.S. Total Dividend Fund

     947,268        (119,622,022      313,253,227        194,578,473  

U.S. Value Fund

     134,564        (15,104,407      36,146,255        21,176,412  

The tax character of distributions paid during the fiscal years or periods ended March 31, 2024 and March 31, 2023, was as follows:

 

     Year or Period Ended
March 31, 2024
     Year or Period Ended
March 31, 2023
 
Fund   

Distributions Paid

from Ordinary

Income*

    

Distributions Paid

from Ordinary

Income*

 

U.S. AI Enhanced Value Fund

   $ 9,644,875      $ 9,454,072  

U.S. High Dividend Fund

     46,034,088        52,764,847  

U.S. LargeCap Dividend Fund

     87,184,000        94,641,498  

U.S. LargeCap Fund

     13,196,000        12,389,635  

U.S. MidCap Dividend Fund

     87,033,724        92,020,134  

U.S. MidCap Fund

     10,749,500        10,959,568  

U.S. MidCap Quality Growth Fund

     1       N/A  

U.S. Multifactor Fund

     3,764,250        3,948,786  

U.S. Quality Dividend Growth Fund

     186,113,500        154,296,995  

U.S. Quality Growth Fund

     123,000        2 

U.S. SmallCap Dividend Fund

     52,081,069        54,457,954  

U.S. SmallCap Fund

     8,097,830        8,368,109  

U.S. SmallCap Quality Dividend Growth Fund

     6,675,150        6,156,770  

U.S. SmallCap Quality Growth Fund

     1       N/A  

U.S. Total Dividend Fund

     27,138,000        30,260,035  

U.S. Value Fund

     3,370,724        2,373,350  
  *

Includes short-term capital gains, if any.

 

  1 

For the period January 25, 2024 (commencement of operations) through March 31, 2024.

 

  2 

For the period December 15, 2022 (commencement of operations) through March 31, 2023.

 

WisdomTree Trust      143  


Notes to Financial Statements (continued)

 

At March 31, 2024, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the following table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term      Long-Term     

Capital Loss

Available Total

 

U.S. AI Enhanced Value Fund

   $ 48,126,260      $ 78,643,749      $ 126,770,009  

U.S. High Dividend Fund

     33,607,520        114,873,250        148,480,770  

U.S. LargeCap Dividend Fund

     49,559,183        246,355,749        295,914,932  

U.S. LargeCap Fund

     35,087,651        38,356,971        73,444,622  

U.S. MidCap Dividend Fund

     208,974,257        314,860,681        523,834,938  

U.S. MidCap Fund

     53,001,015        60,953,642        113,954,657  

U.S. MidCap Quality Growth Fund

     25               25  

U.S. Multifactor Fund

     32,644,163        2,715,210        35,359,373  

U.S. Quality Dividend Growth Fund

     257,671,152        280,503,624        538,174,776  

U.S. Quality Growth Fund

     118,307        183        118,490  

U.S. SmallCap Dividend Fund

     66,711,742        339,895,960        406,607,702  

U.S. SmallCap Fund

     27,080,638        52,933,633        80,014,271  

U.S. SmallCap Quality Dividend Growth Fund

     11,430,743        24,114,181        35,544,924  

U.S. SmallCap Quality Growth Fund

                    

U.S. Total Dividend Fund

     37,261,017        82,361,005        119,622,022  

U.S. Value Fund

     6,368,325        8,736,082        15,104,407  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year. At March 31, 2024, the Funds did not have any post-October capital losses or late year ordinary losses to defer.

During the fiscal year or period ended March 31, 2024, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

     
Fund           

Utilized Capital

Loss

Carryforward

 

U.S. AI Enhanced Value Fund

                $  

U.S. High Dividend Fund

               

U.S. LargeCap Dividend Fund

               

U.S. LargeCap Fund

               

U.S. MidCap Dividend Fund

               

U.S. MidCap Fund

               

U.S. MidCap Quality Growth Fund1

               

U.S. Multifactor Fund

               

U.S. Quality Dividend Growth Fund

               

U.S. Quality Growth Fund

               

U.S. SmallCap Dividend Fund

               

U.S. SmallCap Fund

              2,600,683  

U.S. SmallCap Quality Dividend Growth Fund

               

U.S. SmallCap Quality Growth Fund1

               

U.S. Total Dividend Fund

               

U.S. Value Fund

              810,180  
  1 

For the period January 25, 2024 (commencement of operations) through March 31, 2024.

 

144   WisdomTree Trust


Notes to Financial Statements (continued)

 

At March 31, 2024, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. These differences are primarily due to redemptions-in-kind.

 

     
Fund   

Total Distributable

Earnings (Loss)

     Paid-in Capital  

U.S. AI Enhanced Value Fund

   $ (2,883,748    $ 2,883,748  

U.S. High Dividend Fund

     (26,192,405      26,192,405  

U.S. LargeCap Dividend Fund

     (248,413,988      248,413,988  

U.S. LargeCap Fund

     (29,655,576      29,655,576  

U.S. MidCap Dividend Fund

     (173,177,509      173,177,509  

U.S. MidCap Fund

     (58,015,232      58,015,232  

U.S. MidCap Quality Growth Fund

             

U.S. Multifactor Fund

     (23,920,016      23,920,016  

U.S. Quality Dividend Growth Fund

     (597,429,998      597,429,998  

U.S. Quality Growth Fund

     (1,780,817      1,780,817  

U.S. SmallCap Dividend Fund

     (98,574,550      98,574,550  

U.S. SmallCap Fund

     (12,105,524      12,105,524  

U.S. SmallCap Quality Dividend Growth Fund

     (17,395,155      17,395,155  

U.S. SmallCap Quality Growth Fund

             

U.S. Total Dividend Fund

     (68,169,292      68,169,292  

U.S. Value Fund

     (17,348,173      17,348,173  

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. As of and during the fiscal year or period ended March 31, 2024, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Specific to U.S. federal and state taxes, generally, each of the tax years in the four-year period ended March 31, 2024, remains subject to examination by taxing authorities.

7. SUBSEQUENT EVENTS

WTAM has evaluated all subsequent transactions and events through the date on which these financial statements were issued and has determined that no additional items require disclosure in these financial statements.

8. ADDITIONAL INFORMATION

Russia’s military invasion of Ukraine initiated in February 2022 and the economic and diplomatic responses by the United States and other countries have led to increased volatility and uncertainty in the financial markets and could continue to adversely affect regional and global economies for the foreseeable future. In response to Russia’s actions, the governments of the United States, the European Union, the United Kingdom, and many other countries collectively imposed heavy and broad-ranging economic sanctions on certain Russian individuals, corporate and banking entities, and other industries and businesses. The sanctions restrict companies from doing business with Russia and Russian companies, prohibit transactions with the Russian central bank and other key Russian financial institutions and entities, ban Russian airlines and ships from using many other countries’ airspace and ports, respectively, and place a freeze on certain Russian assets. The sanctions also removed some Russian banks from the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the electronic network that connects banks globally to facilitate cross-border payments. In addition, the United States has banned oil and other energy imports from Russia, as well as other popular Russian exports, such as diamonds, seafood and vodka. The European Union, the United Kingdom and other countries have also placed restrictions on certain oil, energy and luxury goods imports from Russia.

These sanctions, as well as other economic consequences related to the invasion, such as additional sanctions, boycotts, changes in consumer or purchaser preferences, or cyberattacks on governments, companies or individuals, may further decrease the value and liquidity of certain Russian securities as well as securities of issuers in other countries that are subject to or otherwise adversely affected by economic sanctions related to Russia’s invasion of Ukraine, including Russian counter measures. To the extent a Fund has exposure to Russian investments or investments in countries affected by the invasion or the sanctions, the Fund’s ability to price, buy, sell, receive or deliver, or receive dividends and interest payments on such investments may be impaired. In certain circumstances, such as when there is no market for a security or other means of valuing or disposing of a security, a Fund may determine to value the affected security at zero. In addition, any exposure a Fund may have to counterparties in Russia or in

 

WisdomTree Trust      145  


Notes to Financial Statements (concluded)

 

countries affected by the invasion could negatively affect the Fund’s portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions are impossible to predict, but could result in continued significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. Further, an escalation of the military conflict beyond Ukraine’s borders could result in significant, long-lasting damage to the economies of Eastern and Western Europe as well as the global economy. These and any related events could significantly and adversely affect a Fund’s performance and the value of an investment in the Fund, even in the absence of direct exposure to Russian issuers or issuers in other countries affected by the invasion.

* * * * * *

Financial markets around the world may experience extreme volatility, depressed valuations, decreased liquidity and heightened uncertainty and turmoil resulting from major cybersecurity events, geopolitical events (including wars, such as Russia’s invasion of Ukraine, terror attacks, and disruptions to foreign economic and trade relationships), public health emergencies, such as the COVID-19 pandemic, measures to address budget deficits, downgrading of sovereign debt, and public sentiment, among other events. Resulting market volatility, dramatic changes to interest rates, and otherwise unfavorable economic conditions may negatively impact Fund performance or impair a Fund’s ability to achieve its investment objective.

In March 2023, the financial distress of certain financial institutions raised economic concerns over disruption in the U.S. banking system and regarding the solvency of certain financial services firms. There can be no certainty that the actions taken by the U.S. government to strengthen public confidence in the U.S. banking system will be effective in mitigating the effects of financial institution failures on the economy and restoring public confidence in the U.S. banking system.

In October 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas also launched extensive rocket attacks on the Israeli population and industrial centers located along Israel’s border with the Gaza Strip and in other areas within the State of Israel. Following the attack, Israel’s security cabinet declared war against Hamas, and a military campaign was initiated. These events may result in significant market disruptions and may adversely affect regional and global economies.

* * * * * *

Raising the ceiling on U.S. government debt has become increasingly politicized. Any failure to increase the total amount that the U.S. government is authorized to borrow could lead to a default on U.S. government obligations, with unpredictable consequences for economies and markets in the U.S. and elsewhere. On August 1, 2023, Fitch Ratings, Inc. downgraded its U.S. debt rating from the highest AAA rating to AA+, citing “a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions”. The impacts, if any, of the downgrade on financial markets are unknown at this time. The downgrade has potential market impacts, including but not limited to, steep stock market declines and rising bond yields.

 

146   WisdomTree Trust


Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree U.S. Al Enhanced Value Fund, WisdomTree U.S. High Dividend Fund, WisdomTree U.S. LargeCap Dividend Fund, WisdomTree U.S. LargeCap Fund, WisdomTree U.S. MidCap Dividend Fund, WisdomTree U.S. MidCap Fund, WisdomTree U.S. MidCap Quality Growth Fund, WisdomTree U.S. Multifactor Fund, WisdomTree U.S. Quality Dividend Growth Fund, WisdomTree U.S. Quality Growth Fund, WisdomTree U.S. SmallCap Dividend Fund, WisdomTree U.S. SmallCap Fund, WisdomTree U.S. SmallCap Quality Dividend Growth Fund, WisdomTree U.S. SmallCap Quality Growth Fund, WisdomTree U.S. Total Dividend Fund and WisdomTree U.S. Value Fund, and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree U.S. Al Enhanced Value Fund, WisdomTree U.S. High Dividend Fund, WisdomTree U.S. LargeCap Dividend Fund, WisdomTree U.S. LargeCap Fund, WisdomTree U.S. MidCap Dividend Fund, WisdomTree U.S. MidCap Fund, WisdomTree U.S. MidCap Quality Growth Fund, WisdomTree U.S. Multifactor Fund, WisdomTree U.S. Quality Dividend Growth Fund, WisdomTree U.S. Quality Growth Fund, WisdomTree U.S. SmallCap Dividend Fund, WisdomTree U.S. SmallCap Fund, WisdomTree U.S. SmallCap Quality Dividend Growth Fund, WisdomTree U.S. SmallCap Quality Growth Fund, WisdomTree U.S. Total Dividend Fund and WisdomTree U.S. Value Fund (collectively referred to as the “Funds”), (sixteen of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2024, and the related statements of operations and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (sixteen of the funds constituting WisdomTree Trust) at March 31, 2024, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

       
Individual fund constituting the WisdomTree Trust   

Statement of

operations

  

Statements of changes

in net assets

   Financial highlights

WisdomTree U.S. Al Enhanced Value Fund

WisdomTree U.S. High Dividend Fund

WisdomTree U.S. LargeCap Dividend Fund

WisdomTree U.S. LargeCap Fund

WisdomTree U.S. MidCap Dividend Fund

WisdomTree U.S. MidCap Fund

WisdomTree U.S. Multifactor Fund

WisdomTree U.S. Quality Dividend Growth Fund

WisdomTree U.S. SmallCap Dividend Fund

WisdomTree U.S. SmallCap Fund

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

WisdomTree U.S. Total Dividend Fund

WisdomTree U.S. Value Fund

   For the year ended March 31, 2024    For each of the two years in the period ended March 31, 2024    For each of the five years in the period ended March 31, 2024

WisdomTree U.S. Quality Growth Fund

   For the year ended March 31, 2024    For the year ended March 31, 2024 and for the period December 15, 2022 (commencement of operations) through March 31, 2023

WisdomTree U.S. MidCap Quality Growth Fund

WisdomTree U.S. SmallCap Quality Growth Fund

   For the period January 25, 2024 (commencement of operations) through March 31, 2024

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities

 

WisdomTree Trust      147  


Report of Independent Registered Public Accounting Firm (concluded)

 

owned as of March 31, 2024, by correspondence with the custodian, brokers and others; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

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We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, New York

May 30, 2024

 

148   WisdomTree Trust


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

 

Consideration of the Approval of Investment Advisory and Sub-Advisory Agreements

WisdomTree U.S. MidCap Quality Growth Fund and WisdomTree U.S. SmallCap Quality Growth Fund

(each a “Fund,” and together the “Funds”)

At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on December 11-12, 2023, 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 agreements (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide the Funds 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 WisdomTree U.S. MidCap Quality Growth Fund and WisdomTree U.S. SmallCap Quality Growth Fund.

In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM and Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data. The Trustees noted that representatives from WTAM presented preliminary information to the Trustees regarding each 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, on September 14, 2023. The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services to be Provided to the Funds. The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. It was noted that the Funds would be passively managed. The Board noted WTAM’s belief that shareholders will invest in the Funds 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 Funds. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of the Sub-Adviser’s 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 each Fund’s 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, each 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 each Fund’s Performance, Advisory Fees and Fund Expenses. As the Funds have not yet commenced operations, the Board was not able to review each Fund’s performance. The Board discussed with WTAM representatives the portfolio management team and the investment strategies to be employed in the management of each 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 Funds. The Board examined the fee to be paid by the Funds in light of fees paid to other investment advisers by comparable funds and the method of computing each 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 Funds and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fees will be paid by WTAM (out of its fee paid by the Fund) and not by the Funds. The Board considered the meaningful differences in the services that WTAM will provide to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to the passively managed 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 to be borne by WTAM that is associated with each Fund’s unitary fee structure, which includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of the Funds 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.

 

WisdomTree Trust      149  


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

 

Analysis of Profitability and Economies of Scale. As the Funds have 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 Funds have 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 Funds, the Board would seek to have those economies of scale shared with the Funds 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.

 

150   WisdomTree Trust


Liquidity Risk Management Program (unaudited)

 

The Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule”) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor to the Funds, as the Program Administrator for each Fund’s Program.

The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-ended fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.

The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.

Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.

During the period from January 1, 2023 to December 31, 2023, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.

Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Funds maintain sufficient highly liquid assets to meet Fund redemptions.

 

WisdomTree Trust      151  


Trustees and Officers Information (unaudited)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/

Officer+
   

Other
Directorships
Held by Trustee

Trustees Who Are Interested Persons of the Trust

Jonathan Steinberg

(1964)

  Trustee, 2005- present; President, 2005-present   Chief Executive Officer of WisdomTree and WisdomTree Asset Management since 2005; President of WisdomTree and WisdomTree Asset Management from 2012 to 2019.     77     Director, WisdomTree and WisdomTree Asset Management.
Trustees Who Are Not Interested Persons of the Trust

David G. Chrencik1

(1948)

  Trustee, 2014-present   Chief Financial Officer of Sarus Indochina Select LP (a hedge fund) from 2012 to 2022.     77     None

Phillip Goff2

(1963)

  Trustee, 2024-present   Private Investor from 2017 to present; Trustee of RBC Funds Trust from 2020 to 2024; Senior Vice President/ Corporate Controller and Funds Treasurer at TIAA from 2006 to 2017.     77     None

Joel Goldberg3,4

(1945)

  Trustee, 2012-present   Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     77     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).

Toni Massaro4

(1955)

  Trustee, 2006-present   Regents Professor of Law Emerita since 2024; Executive Director of the Agnese Nelms Haury Program since 2021; Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) from 2009 to 2024 (distinguished Emerita in July 2009); Dean of the Rogers College of Law from 1999 to 2009; Regents Professor since 2006; Milton O. Riepe Chair in Constitutional Law from 1997 to 2022; Professor at the Rogers College of Law from 1990 to 2024.     77     None

Melinda A. Raso Kirstein5

(1955)

  Trustee, 2014-present   Retired since 2004; Vice President, Senior Portfolio Manager, Fixed Income Management, and Director of Tax Exempt Fund Management at Merrill Lynch Investment Management from 1982 to 2004.     77     Associate Alumnae of Douglass College, Chair of Investment Committee.

Victor Ugolyn

(1947)

  Trustee, 2006-present; Chairman of the Board, 2006-present   Private Investor from 2005 to present; President and Chief Executive Officer at William D. Witter, Inc. from 2005 to 2006; Chairman of MONY Securities Corporation, and Chairman, President and Chief Executive Officer at Enterprise Capital Management from 1999 to 2004.     77     None

 

 

152   WisdomTree Trust


Trustees and Officers Information (unaudited) (concluded)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/

Officer+
   

Other
Directorships
Held by Trustee

Officers of the Trust

Jonathan Steinberg

(1964)

 

President, 2005-

present; Trustee, 2005-present

  Chief Executive Officer of WisdomTree and WisdomTree Asset Management since 2005; President of WisdomTree and WisdomTree Asset Management from 2012 to 2019.     77     See Interested Trustees Table Above.

David Castano*

(1971)

  Treasurer, 2013-present   Head of Fund Accounting & Administration at WisdomTree Asset Management since 2020; Director of Fund Accounting & Administration at WisdomTree Asset Management from 2011 to 2020.     77     None

Terry Jane Feld*

(1960)

  Chief Compliance Officer, 2012-present   Head of U.S. Compliance at WisdomTree Asset Management since 2022; Chief Compliance Officer at WisdomTree Asset Management since 2012.     77     None

Joanne Antico*

(1975)

  Chief Legal Officer and Secretary, 2021-present   General Counsel at WisdomTree Asset Management since 2021; Assistant General Counsel at WisdomTree Asset Management from 2016 to 2021; Executive Director and Assistant Secretary at Morgan Stanley Investment Management Inc. from 2005 to 2016.     77     None

Clint Martin*

(1977)

  Assistant Treasurer, 2015-present   Director of Fund Accounting & Administration at WisdomTree Asset Management since 2020; Fund Manager, Fund Accounting & Administration at WisdomTree Asset Management from 2012 to 2020.     77     None

Angela Borreggine*

(1964)

  Assistant Secretary, 2022-present   Assistant General Counsel at WisdomTree Asset Management since 2022; Vice President and Senior Counsel at Virtus Investment Partners from 2021 to 2022; Secretary and Chief Legal Officer at Allianz Global Investors family of funds from 2016 to 2021 and of The Korea Fund, Inc. from 2016 to 2020; Director, Senior Counsel at Allianz Global Investors from 2007 to 2021.     77     None

TJ Darnowski*

(1984)

  Assistant Secretary, 2021-present   Senior Investment Management Paralegal at WisdomTree Asset Management since 2021; Senior Legal Administrator at Ultimus Fund Solutions from 2019 to 2021; Assistant Vice President at State Street Bank & Trust Company from 2010 to 2019.     77     None

Sherry Scarvey*

(1967)

 

Assistant Secretary,

2023-present

  Senior Investment Management Paralegal at WisdomTree Asset Management since 2023; Senior Legal Analyst at Eagle Point Credit Management, LLC from 2021 to 2023; Senior Legal Analyst at Jennison & Associates LLC from 2019 to 2021; Senior Legal Specialist at Legg Mason & Co. LLC from 2005 to 2019.     77     None

 

+

As of March 31, 2024.

 

1 

Chair of the Audit Committee.

 

2 

Appointed to the Board on February 27, 2024.

 

3 

Chair of the Contracts Review Committee.

 

4 

Co-Chair of the Governance, Nominating and Compliance Committee.

 

5 

Chair of the Investment Committee.

 

*

Elected by and serves at the pleasure of the Board.

 

WisdomTree Trust      153  


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year or period ended March 31, 2024, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2025.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended March 31, 2024, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund   

Qualified Dividend

Income

 

U.S. AI Enhanced Value Fund

   $ 9,644,875  

U.S. High Dividend Fund

     46,034,088  

U.S. LargeCap Dividend Fund

     87,184,000  

U.S. LargeCap Fund

     13,196,000  

U.S. MidCap Dividend Fund

     87,033,724  

U.S. MidCap Fund

     10,749,500  

U.S. MidCap Quality Growth Fund1

      

U.S. Multifactor Fund

     3,764,250  

U.S. Quality Dividend Growth Fund

     186,113,500  

U.S. Quality Growth Fund

     123,000  

U.S. SmallCap Dividend Fund

     52,081,069  

U.S. SmallCap Fund

     8,097,830  

U.S. SmallCap Quality Dividend Growth Fund

     6,675,150  

U.S. SmallCap Quality Growth Fund1

      

U.S. Total Dividend Fund

     27,138,000  

U.S. Value Fund

     3,370,724  
  1 

For the period January 25, 2024 (commencement of operations) through March 31, 2024.

The following represents the percentage of dividends paid during the fiscal year or period ended March 31, 2024, that qualify for the 70% dividends received deduction for corporate shareholders:

 

   
Fund   

Dividends-Received

Deduction

 

U.S. AI Enhanced Value Fund

     97.98

U.S. High Dividend Fund

     100.00

U.S. LargeCap Dividend Fund

     100.00

U.S. LargeCap Fund

     100.00

U.S. MidCap Dividend Fund

     100.00

U.S. MidCap Fund

     100.00

U.S. MidCap Quality Growth Fund1

      

U.S. Multifactor Fund

     100.00

U.S. Quality Dividend Growth Fund

     100.00

U.S. Quality Growth Fund

     100.00

U.S. SmallCap Dividend Fund

     100.00

U.S. SmallCap Fund

     100.00

U.S. SmallCap Quality Dividend Growth Fund

     100.00

U.S. SmallCap Quality Growth Fund1

      

U.S. Total Dividend Fund

     100.00

U.S. Value Fund

     100.00
  1 

For the period January 25, 2024 (commencement of operations) through March 31, 2024.

 

154   WisdomTree Trust


General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. 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/investments.

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/investments.

 

WisdomTree Trust      155  


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, 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, Inc., 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.

There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Dividends are not guaranteed, and a company currently paying dividends may cease paying dividends at any time. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.


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learn more at

WisdomTree.com/investments

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S.

WGM-517666


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WisdomTree Trust

Annual Report

March 31, 2024

 

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree International AI Enhanced Value Fund (AIVI)

WisdomTree International Equity Fund (DWM)

WisdomTree International High Dividend Fund (DTH)

WisdomTree International LargeCap Dividend Fund (DOL)

WisdomTree International MidCap Dividend Fund (DIM)

WisdomTree International Multifactor Fund (DWMF)

WisdomTree International Quality Dividend Growth Fund (IQDG)

WisdomTree International SmallCap Dividend Fund (DLS)

WisdomTree Japan SmallCap Dividend Fund (DFJ)


Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       3  

Management’s Discussion of Funds’ Performance (unaudited)

       4  

Description of Terms and Indexes (unaudited)

       15  
Schedules of Investments     

WisdomTree Europe Quality Dividend Growth Fund

       18  

WisdomTree Europe SmallCap Dividend Fund

       22  

WisdomTree International AI Enhanced Value Fund

       26  

WisdomTree International Equity Fund

       28  

WisdomTree International High Dividend Fund

       39  

WisdomTree International LargeCap Dividend Fund

       46  

WisdomTree International MidCap Dividend Fund

       50  

WisdomTree International Multifactor Fund

       57  

WisdomTree International Quality Dividend Growth Fund

       62  

WisdomTree International SmallCap Dividend Fund

       66  

WisdomTree Japan SmallCap Dividend Fund

       76  

Statements of Assets and Liabilities

       85  

Statements of Operations

       88  

Statements of Changes in Net Assets

       91  

Financial Highlights

       95  

Notes to Financial Statements

       101  

Report of Independent Registered Public Accounting Firm

       116  

Liquidity Risk Management Program (unaudited)

       117  

Trustees and Officers Information (unaudited)

       118  

Supplemental Information (unaudited)

       120  

General Information (unaudited)

       121  

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


Market Environment Overview

(unaudited)

 

Developed international equity markets, as measured by the MSCI EAFE Index, returned 15.32% in U.S. dollar (“USD”) terms during the 12-month fiscal period ending March 31, 2024 (the “period”).

Most developed market currencies modestly weakened versus the USD during the period, as higher interest rates in the U.S. relative to the rest of developed world lent support to the USD at the expense of other currencies. The euro slightly weakened against the USD during the period by -0.45%, while the Australian dollar, New Zealand dollar and Norwegian krone suffered a bit more, falling between 2.45-4.44% apiece. The most pronounced decline was in the Japanese yen (“JPY”), which remains suppressed by the Bank of Japan’s commitment to accommodative monetary policy in an effort to stimulate economic growth. Low interest rates in Japan caused the JPY to weaken by more than 12% versus the USD. The two currency exceptions that strengthened versus the USD were the British pound sterling (“GBP”) and Swiss franc (“CHF”), which appreciated by 2.32% and 1.54%, respectively. The GBP’s movement was the result of relatively aggressive interest rate hikes by the Bank of England, while the CHF likely benefited from its status as a global safe-haven currency.

Similar to the rest of the world, developed international equity markets continued to combat high inflation for most of the period. Most central banks continued to raise interest rates and then pause their policy activity to assess the effects of tighter monetary policy on the economy. Markets fluctuated during the first seven months of the period (April through October 2023) before ultimately delivering the entirety of their gains in the latter five months. Investors propelled markets higher as economic data releases continued to show progress in combating inflation without adversely affecting the labor markets. As it became clear that a “soft economic landing” could be attained, equity markets rallied.

During the first quarter of the period, from April to June 2023, the MSCI EAFE Index returned 2.95% in USD terms. As the most influential central bank in the developed international universe, the European Central Bank (“ECB”) steadily raised its benchmark refinancing rate in 25 basis point increments, beginning the period at 3.5% and ending it at 4%. The policy tightening continued despite initial declines in European Monetary Union Index of Consumer Price inflation, which fell from about 7% to 5.5% year-over-year during the period. Inflation readings simply remained too high for investors to believe that the rate hike campaign could be ended early, and markets fluctuated before ending the quarter in slightly positive territory. Economic growth was flat during the quarter, only growing by 0.2% compared to the prior quarter. Currency performance was mixed during these three months with only the JPY making outsized moves versus the USD, weakening by about 8%. Earnings for the MSCI EAFE Index grew 18% during the quarter.

The second quarter of the period, July to September 2023, was poor for developed equity markets, as the MSCI EAFE Index fell over 4% in USD terms. As the largest equity region within the developed international equity universe, real Gross Domestic Product (“GDP”) in Europe fell 0.1% quarter-over-quarter despite continued disinflation, from 5.5% to 4.3% year-over-year. The ECB continued to raise rates in two 25 basis point increments, ending the quarter at 4.5%. This contributed to relatively poor sentiment in the region and prompted a slight equity market selloff. Virtually all the European currencies, plus the others in the developed market universe within the G10, weakened versus the USD by about 2% to 4%. Earnings growth exacerbated the declines in equity markets, falling nearly 19% during the three-month period.

Markets finally rebounded during the third quarter of the period, October to December 2023, as the MSCI EAFE Index rallied 10.42% in USD terms. Every G10 currency strengthened significantly versus the USD during this quarter, as U.S. investors began to anticipate a pivot to rate cuts in 2024. This put new pressure on the USD and bolstered the developed international currencies that had been relatively weak for most of the year. The ECB finally paused its rate hike campaign during the quarter to assess the economic impact of its policy activity. It opted to hold rates at 4.5%, which is where they

 

WisdomTree Trust      1  


Market Environment Overview

(unaudited) (concluded)

 

 

remain as of the date of this report. Inflation fell to under 3% year-over-year, which provided investors with renewed optimism. Despite the positive signs in the inflation battle, the economy stalled during the quarter with real GDP registering 0% growth quarter-over-quarter. Markets mostly shrugged off a slight decline in company profits during the quarter, with the MSCI EAFE Index registering a 1.7% decline in earnings.

Optimism from the end of 2023 continued into the first quarter of 2024, the final quarter of the period. Disinflation continued in Europe, falling slightly from 2.9% down to 2.4% through March, as the ECB maintained its pause on rate hikes. At 4.5%, rates have not been this high since mid-2001. Markets began to believe the end of the fight against inflation was in sight, and the MSCI EAFE Index returned 5.78% in USD terms. Despite a rebound in developed market currencies in the prior quarter, they resumed their decline against the USD during these three months as investors began to believe that international central banks would have to cut rates more quickly and in greater magnitude than the Federal Reserve in the U.S. This assumed policy rate gap once again weighed on international currencies and supported USD strength. As of the date of this report, GDP growth for the Eurozone is not yet available.

Entering the new period, developed equity markets remain fixated on the future path of monetary policy. Much like in the U.S., each country or region’s individual economic data releases will have significant implications for the direction of equity markets based on their immediate impact to policy rate setting. They may likely require both rate cuts and stronger economic growth than what has been observed in the last 12 months to generate prolonged growth in the equity market.

Each WisdomTree Fund’s performance as set forth in “Management’s Discussion of Funds’ Performance” in the pages that follow should also be viewed in light of the foregoing market performance.

 

2   WisdomTree Trust


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 net asset value (“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 exchange traded funds (“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. For the most recent month-end performance information visit www.wisdomtree.com/investments.

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.

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2023 to March 31, 2024. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/366 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      3  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    21.2%  

Health Care

    18.3%  

Consumer Discretionary

    18.0%  

Consumer Staples

    17.4%  

Materials

    5.8%  

Communication Services

    5.7%  

Information Technology

    5.4%  

Financials

    4.9%  

Utilities

    2.0%  

Energy

    0.4%  

Real Estate

    0.1%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

LVMH Moet Hennessy Louis Vuitton SE

    5.8%  

Nestle SA, Registered Shares

    4.2%  

Industria de Diseno Textil SA

    4.1%  

Novartis AG, Registered Shares

    3.3%  

Unilever PLC

    3.1%  

Roche Holding AG, Bearer Shares

    3.0%  

Deutsche Telekom AG, Registered Shares

    2.9%  

ASML Holding NV

    2.9%  

L’Oreal SA

    2.5%  

Sanofi SA

    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 Europe Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 10.22% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Positions in the Materials and Utilities sectors had the strongest, albeit modest, performance impacts due to stock selection in the former and allocation effects in the latter. Consumer Staples, Industrials, and Financials sectors detracted from Fund performance. Industrials were negatively affected by poor stock selection, while Consumer Staples suffered from negative allocation effects. Financials suffered roughly equally from both effects. Within Europe, Spain had the only notable performance impact due to positive stock selection. France and Sweden had the most negative performance impacts due to negative stock selection in each. Within return-on-equity quintiles, each one, except the fifth, had a negative performance impact attributable to poor stock selection. The fifth quintile, however, was the lone group with positive stock selection that resulted in a positive performance effect in aggregate.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,141.90        0.59   $ 3.16  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.05        0.59   $ 2.98  
1

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.11 and $2.93, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       10.22      4.09      8.08      5.06

Fund Market Price Returns

       10.56      4.22      8.20      5.05

WisdomTree Europe Quality Dividend Growth Index

       10.56      4.51      8.54      5.54

MSCI Europe Index

       14.11      6.19      7.96      4.22
1 

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

 

LOGO

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


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    29.6%  

Consumer Discretionary

    12.7%  

Financials

    12.0%  

Information Technology

    8.7%  

Materials

    8.2%  

Real Estate

    6.7%  

Energy

    5.5%  

Consumer Staples

    4.9%  

Communication Services

    4.6%  

Health Care

    3.3%  

Utilities

    1.9%  

Investment Company

    0.3%  

Other Assets less Liabilities‡

    1.6%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Saras SpA

    2.3%  

4imprint Group PLC

    1.6%  

Outokumpu OYJ

    1.4%  

Bank of Georgia Group PLC

    1.4%  

Redrow PLC

    1.3%  

D/S Norden AS

    1.2%  

Sacyr SA

    1.1%  

OC Oerlikon Corp. AG, Registered Shares

    1.1%  

Peab AB, Class B

    1.0%  

Anima Holding SpA

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

The Fund returned 7.40% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Positions in the Information Technology and Consumer Discretionary sectors contributed positively to performance for the Fund due to a mix of allocation and stock selection effects. Financials sector was the main detractor primarily due to poor stock selection. France and Belgium were positive country contributors during the period due to allocation effects in each, with an additional boost from positive stock selection in France. Positions in Italy and the Netherlands weighed on performance due to a mix of allocation and stock selection effects in both. Within dividend yield quintiles, the fourth quintile (representing the second-lowest-yielding quintile) performed positively due to positive stock selection. The top three quintiles, representing the highest-yielding stocks, all weighed on Fund performance, primarily due to negative stock selection in each.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Net Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,144.00        0.61   $ 3.27  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.95        0.61   $ 3.08  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.11 and $2.93, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       7.40      -0.52      4.67      3.36

Fund Market Price Returns

       7.38      -0.48      4.70      3.34

WisdomTree Europe SmallCap Dividend Index

       7.55      -0.45      5.01      3.86

MSCI Europe Small Cap Index

       9.54      -2.10      5.33      4.20

 

LOGO

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  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree International AI Enhanced Value Fund (AIVI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    29.3%  

Industrials

    18.4%  

Materials

    10.0%  

Consumer Staples

    9.8%  

Real Estate

    7.2%  

Health Care

    6.7%  

Energy

    6.7%  

Utilities

    5.1%  

Consumer Discretionary

    3.4%  

Communication Services

    1.6%  

Investment Company

    0.6%  

Other Assets less Liabilities‡

    1.2%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Shell PLC

    3.5%  

Zurich Insurance Group AG

    3.1%  

Swiss Re AG

    3.1%  

Vinci SA

    3.0%  

Groupe Bruxelles Lambert NV

    2.9%  

Takeda Pharmaceutical Co. Ltd.

    2.8%  

AXA SA

    2.4%  

Enagas SA

    2.4%  

Aviva PLC

    2.3%  

Eiffage SA

    2.3%  
*

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

The WisdomTree International AI Enhanced Value Fund (the “Fund”) seeks income and capital appreciation by investing primarily in equity securities selected from a universe of developed market equities, excluding the United States and Canada, that exhibit value characteristics based on the selection results of a proprietary, quantitative artificial intelligence (AI) model developed by Voya Investment Management Co., LLC., the Fund’s sub-adviser. Prior to January 18, 2022, Fund performance reflects the investment objective of the Fund when it was the WisdomTree International Dividend ex-Financials Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index (the “Former Index”). In seeking to track the Former Index, the Fund invested in high-dividend-yielding companies in the developed world excluding the U.S. and Canada, and excluding the Financials sector.

The Fund returned 10.93% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in the Consumer Discretionary, Communication Services, and Health Care sectors due to strong stock selection in the former two and positive stock selection in the latter. Industrials and Financials sectors weighed on performance due to negative stock selection effects in each. France and Switzerland were the best country contributors due to positive stock selection, while the Netherlands, Spain and Japan all hampered performance due to poor stock selection effects. Across price-to-earnings quintiles, each negatively affected performance except for the third. The four detractors were due to poor stock selection while the success in the third quintile was the result of strong stock selection.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,103.80        0.59   $ 3.10  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.05        0.59   $ 2.98  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.05 and $2.93, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns1

       10.93      3.90      4.71      2.52

Fund Market Price Returns1

       10.71      3.81      4.66      2.52

MSCI EAFE Value Index

       17.32      6.59      6.39      3.49
1 

The Fund’s investment objective changed effective January 18, 2022. Prior to January 18, 2022, the Fund’s investment objective sought to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index.

 

LOGO

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


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree International Equity Fund (DWM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    25.7%  

Industrials

    15.4%  

Consumer Discretionary

    12.8%  

Consumer Staples

    8.8%  

Health Care

    8.0%  

Energy

    5.8%  

Materials

    5.7%  

Communication Services

    5.4%  

Utilities

    5.1%  

Information Technology

    3.6%  

Real Estate

    2.7%  

Other Assets less Liabilities‡

    1.0%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

HSBC Holdings PLC

    1.6%  

Nestle SA, Registered Shares

    1.5%  

Novartis AG, Registered Shares

    1.5%  

TotalEnergies SE

    1.5%  

Stellantis NV

    1.3%  

Toyota Motor Corp.

    1.2%  

Bayerische Motoren Werke AG

    1.2%  

Allianz SE, Registered Shares

    1.1%  

Industria de Diseno Textil SA

    1.1%  

LVMH Moet Hennessy Louis Vuitton SE

    1.0%  
*

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

The WisdomTree International Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Equity Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 14.83% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from exposures to Consumer Discretionary, Financials, and Consumer Staples due to a mix of positive stock selection and allocation effects within these sectors. Industrials and Information Technology sectors lagged, primarily due to poor stock selection in the former and negative allocation effects in the latter. From a country perspective, Japan contributed to the Fund’s performance due to positive stock selection. Germany and the Netherlands detracted due to negative allocation effects. Across dividend yield quintiles, the top four detracted with most of the negative impact from the group coming from poor stock selection. The fifth quintile, representing the lowest-yielding stocks, contributed positively due to allocation effects.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,144.00        0.49   $ 2.63  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.55        0.49   $ 2.48  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.48% and the actual and hypothetical expenses paid during the period would have been $2.57 and $2.43, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       14.83      5.75      5.63      3.76

Fund Market Price Returns

       14.70      5.70      5.57      3.72

WisdomTree International Equity Index

       14.88      5.97      5.86      3.99

MSCI EAFE Index

       15.32      4.78      7.33      4.80

MSCI EAFE Value Index

       17.32      6.59      6.39      3.49

 

LOGO

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

 

WisdomTree Trust      7  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree International High Dividend Fund (DTH)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.5%  

Utilities

    11.8%  

Consumer Discretionary

    11.7%  

Energy

    10.8%  

Industrials

    10.0%  

Communication Services

    7.5%  

Materials

    7.1%  

Consumer Staples

    6.0%  

Real Estate

    4.0%  

Health Care

    2.9%  

Information Technology

    0.6%  

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 less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

TotalEnergies SE

    3.7%  

Stellantis NV

    3.2%  

Bayerische Motoren Werke AG

    3.0%  

Mercedes-Benz Group AG

    2.4%  

British American Tobacco PLC

    2.2%  

HSBC Holdings PLC

    2.1%  

Enel SpA

    2.1%  

Iberdrola SA

    1.8%  

GSK PLC

    1.6%  

Rio Tinto PLC

    1.5%  
*

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

The WisdomTree International High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 11.45% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Positions in the Consumer Staples and Financials sectors were additive due to a mix of strong allocation and selection effects in the former and mostly allocation impacts in the latter. Industrials and Utilities sectors lagged due to poor stock selection in the former and negative allocation effects in the latter. Information Technology sector was also a headwind due to a poor mix of both effects. Switzerland and France were positive contributors from a country standpoint largely due to strong stock selection. Japan and Germany weighed on performance due to negative allocation effects in the former and negative stock selection in the latter. The United Kingdom was also a headwind due to negative allocation and stock selection. Across dividend yield quintiles, the top four detracted with most of the negative impact from the group coming from both poor stock selection and allocation effects. The fifth quintile, representing the lowest-yielding stocks, positively contributed due to allocation effects.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,108.30        0.59   $ 3.11  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.05        0.59   $ 2.98  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.06 and $2.93, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       11.45      5.92      4.78      2.74

Fund Market Price Returns

       11.18      5.84      4.75      2.73

WisdomTree International High Dividend Index

       11.71      6.20      5.10      3.05

MSCI EAFE Value Index

       17.32      6.59      6.39      3.49

 

LOGO

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

 

8   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    25.7%  

Consumer Discretionary

    14.0%  

Industrials

    13.1%  

Consumer Staples

    10.3%  

Health Care

    10.0%  

Energy

    6.6%  

Communication Services

    5.7%  

Utilities

    5.3%  

Materials

    4.3%  

Information Technology

    3.1%  

Real Estate

    0.9%  

Other Assets less Liabilities‡

    1.0%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Nestle SA, Registered Shares

    2.1%  

Novartis AG, Registered Shares

    2.1%  

TotalEnergies SE

    2.0%  

HSBC Holdings PLC

    2.0%  

Stellantis NV

    1.8%  

Toyota Motor Corp.

    1.7%  

Bayerische Motoren Werke AG

    1.6%  

Industria de Diseno Textil SA

    1.4%  

LVMH Moet Hennessy Louis Vuitton SE

    1.4%  

Roche Holding AG, Bearer Shares

    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 International LargeCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 15.35% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from exposures to the Consumer Discretionary and Financials sectors due to stock selection in the former and allocation effects in the latter. Industrials sector lagged due to a poor mix of both effects, while Information Technology sector also detracted from performance due to negative allocation effects. Within countries, Japan was the lone, notable positive contributor due to strong stock selection effects. Conversely, Germany was the sole, notable negative contributor due to poor stock selection effects. Across dividend yield quintiles, the top four detracted with the majority of negative impact from the group coming from poor stock selection. The fifth quintile, representing the lowest-yielding stocks, contributed positively due to a combination of allocation and stock selection impacts.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,145.20        0.49   $ 2.63  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.55        0.49   $ 2.48  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.48% and the actual and hypothetical expenses paid during the period would have been $2.57 and $2.43, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       15.35      7.34      6.21      3.75

Fund Market Price Returns

       14.95      7.28      6.17      3.71

WisdomTree International LargeCap Dividend Index

       15.30      7.47      6.39      3.96

MSCI EAFE Index

       15.32      4.78      7.33      4.80

MSCI EAFE Value Index

       17.32      6.59      6.39      3.49

 

LOGO

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

 

WisdomTree Trust      9  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    22.0%  

Financials

    19.9%  

Consumer Discretionary

    10.8%  

Materials

    10.0%  

Real Estate

    8.8%  

Utilities

    5.9%  

Consumer Staples

    5.5%  

Information Technology

    4.6%  

Communication Services

    4.5%  

Energy

    4.1%  

Health Care

    3.2%  

Other Assets less Liabilities‡

    0.7%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Amundi SA

    0.8%  

Koninklijke KPN NV

    0.7%  

Coles Group Ltd.

    0.7%  

Mediobanca Banca di Credito Finanziario SpA

    0.6%  

Power Assets Holdings Ltd.

    0.6%  

Bank Hapoalim BM

    0.6%  

Hong Kong & China Gas Co. Ltd.

    0.6%  

Var Energi ASA

    0.6%  

Julius Baer Group Ltd.

    0.6%  

Bouygues SA

    0.6%  
*

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

The WisdomTree International MidCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying mid-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 12.80% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in the Consumer Discretionary, Financials and Health Care sectors, primarily due to strong stock selection in the former two and positive allocation effects in the latter. Information Technology and Materials sectors were the two main laggards, due to negative stock selection in Materials and a roughly equal blend of poor stock selection and allocation effects in Information Technology. From a country perspective, Japan, Germany and Italy were all additive due to strong stock selection in each. The United Kingdom, Israel, and the Netherlands lagged due to negative stock selection. Within dividend yield quintiles, all five contributed positively during the period due to strong stock selection in quintiles two through four, and allocation effects in quintiles one and five.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,134.70        0.59   $ 3.15  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.05        0.59   $ 2.98  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.10 and $2.93, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       12.80      2.04      4.11      3.84

Fund Market Price Returns

       12.09      1.99      4.02      3.79

WisdomTree International MidCap Dividend Index

       13.06      2.21      4.48      4.19

MSCI EAFE Mid Cap Index

       12.31      0.28      5.19      4.45

MSCI EAFE Mid Cap Value Index

       13.30      1.84      3.97      4.05

 

LOGO

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

 

10   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree International Multifactor Fund (DWMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    16.8%  

Industrials

    16.4%  

Consumer Staples

    13.3%  

Health Care

    10.1%  

Consumer Discretionary

    9.0%  

Utilities

    7.8%  

Communication Services

    7.7%  

Information Technology

    7.3%  

Energy

    6.2%  

Materials

    4.3%  

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 less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

TotalEnergies SE

    1.3%  

National Grid PLC

    1.1%  

BP PLC

    1.1%  

Check Point Software Technologies Ltd.

    1.0%  

Novartis AG, Registered Shares

    1.0%  

Tryg AS

    1.0%  

Zurich Insurance Group AG

    1.0%  

Ampol Ltd.

    1.0%  

GSK PLC

    1.0%  

Roche Holding AG

    0.9%  
*

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

The WisdomTree International Multifactor Fund (the “Fund”) seeks capital appreciation by investing primarily in equity securities of developed countries, excluding the U.S. and Canada, with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The Fund seeks to manage its currency risk by dynamically hedging currency fluctuations in the relative value of the applicable international currencies against the U.S. dollar (“USD”), ranging from a 0% to 100% hedge.

The Fund returned 10.07% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Investments in the Health Care and Energy sectors contributed positively to Fund performance during the period. Health Care was led higher by stock selection, while Energy benefited from positive allocation effects. The most notable detractors were the Utilities, Information Technology, and Industrials sectors. The latter two underperformed due to poor stock selection, while Utilities suffered due to negative allocation effects. Across countries, Hong Kong and France were the two greatest country contributors, primarily due to positive stock selection. Japan and the Netherlands were the primary laggards, both due to negative stock selection. The Fund also utilizes dynamic currency hedges of developed market currencies as part of its investment strategy. The currency basket was roughly 53% hedged in aggregate during the period. At the currency-level, the Japanese yen was 67% hedged during the period, which was additive for Fund performance since the yen depreciated by over 12% versus the USD. The Australian dollar was about 73% hedged as well, which was also positive for performance since it depreciated by about 2.45% versus the USD. The Swiss franc however, appreciated by over 1.5% versus the USD during the period, so the average currency hedge of 70% negatively impacted Fund performance.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,089.40        0.38   $ 1.98  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.10        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       10.07      5.23      4.78      4.45

Fund Market Price Returns

       9.87      5.16      4.67      4.47

MSCI EAFE Local Currency Index

       18.82      9.43      9.36      7.91

MSCI EAFE Index

       15.32      4.78      7.33      6.03
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018.

 

LOGO

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

 

WisdomTree Trust      11  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree International Quality Dividend Growth Fund (IQDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    21.1%  

Health Care

    18.4%  

Industrials

    18.0%  

Information Technology

    12.7%  

Materials

    9.7%  

Consumer Staples

    7.9%  

Financials

    4.8%  

Communication Services

    3.1%  

Utilities

    1.9%  

Real Estate

    1.0%  

Energy

    0.9%  

Other Assets less Liabilities‡

    0.5%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

LVMH Moet Hennessy Louis Vuitton SE

    4.8%  

Industria de Diseno Textil SA

    4.8%  

ASML Holding NV

    4.0%  

AstraZeneca PLC

    3.2%  

Novartis AG, Registered Shares

    3.2%  

Novo Nordisk AS, Class B

    3.1%  

Roche Holding AG, Bearer Shares

    2.9%  

Deutsche Post AG, Registered Shares

    2.6%  

Tokyo Electron Ltd.

    2.5%  

UBS Group AG, Registered Shares

    2.5%  
*

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

The WisdomTree International Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 14.81% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in Information Technology, Health Care, and Real Estate sectors primarily due to stock selection in each. Industrials and Financials sectors were the two most significant detractors due to poor stock selection in the former and a blend of poor stock selection and negative allocation effects in the latter. Across countries, Spain, Hong Kong and Australia were additive to the Fund’s performance due to stock selection. France and Japan were the two greatest detractors mainly due to poor stock selection as well. Within return-on-equity (ROE) quintiles, positive performance was (ironically) driven by the first and fifth quintiles, representing the highest and lowest ROE stocks, respectively. This was primarily due to stock selection in both. The second and fourth quintiles were the worst performing groups due to stock selection in the former and allocation effects in the latter.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,195.00        0.43   $ 2.36  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.85        0.43   $ 2.17  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.42% and the actual and hypothetical expenses paid during the period would have been $2.30 and $2.12, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       14.81      3.83      8.67      7.90

Fund Market Price Returns

       14.47      3.73      8.59      7.96

WisdomTree International Quality Dividend Growth Index

       15.35      4.27      9.06      8.28

MSCI EAFE Index

       15.32      4.78      7.33      7.67
1 

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

 

LOGO

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

 

12   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    26.1%  

Financials

    13.1%  

Consumer Discretionary

    12.5%  

Materials

    10.2%  

Real Estate

    7.8%  

Information Technology

    7.3%  

Consumer Staples

    5.8%  

Communication Services

    5.0%  

Energy

    4.4%  

Utilities

    3.5%  

Health Care

    3.0%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    1.3%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Rubis SCA

    1.1%  

Bank of Georgia Group PLC

    0.9%  

TORM PLC, Class A

    0.8%  

ACEA SpA

    0.7%  

CSR Ltd.

    0.7%  

SBM Offshore NV

    0.7%  

D/S Norden AS

    0.6%  

Cofinimmo SA

    0.6%  

Hoegh Autoliners ASA

    0.6%  

PageGroup PLC

    0.6%  
*

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

The WisdomTree International SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 12.36% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Positions in the Industrials and Materials sectors were additive to Fund performance largely due to stock selection effects. Energy and Real Estate sectors detracted from performance due to poor stock selection. From a country perspective, Japan and France were also additive due to positive stock selection effects. Denmark and Singapore detracted due to negative stock selection. Across dividend yield quintiles, performance was mixed. Both the first and fifth quintiles, corresponding to the highest- and lowest-yielding quintiles, respectively, were positive contributors due to allocation effects. The second through fourth quintiles lagged, however, mostly due to negative stock selection.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,147.70        0.59   $ 3.17  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.05        0.59   $ 2.98  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.11 and $2.93, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       12.36      1.13      3.93      3.66

Fund Market Price Returns

       11.51      0.94      3.82      3.59

WisdomTree International SmallCap Dividend Index

       12.55      1.53      4.78      4.38

MSCI EAFE Small Cap Index

       10.45      -1.36      4.94      4.70

MSCI EAFE Small Cap Value Index

       13.60      1.59      5.25      4.28

 

LOGO

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

 

WisdomTree Trust      13  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    25.0%  

Consumer Discretionary

    16.4%  

Materials

    15.2%  

Information Technology

    14.8%  

Financials

    8.7%  

Consumer Staples

    8.0%  

Health Care

    4.1%  

Real Estate

    2.6%  

Communication Services

    1.8%  

Utilities

    1.2%  

Energy

    0.8%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    1.4%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Horiba Ltd.

    1.1%  

Daido Steel Co. Ltd.

    0.8%  

Toyo Tire Corp.

    0.8%  

Tokyo Seimitsu Co. Ltd.

    0.7%  

DMG Mori Co. Ltd.

    0.6%  

Gunma Bank Ltd.

    0.5%  

Amano Corp.

    0.5%  

Nippon Electric Glass Co. Ltd.

    0.5%  

Mitsui Mining & Smelting Co. Ltd.

    0.5%  

Sumitomo Bakelite Co. Ltd.

    0.5%  
*

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

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

The Fund returned 20.44% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Positions in the Real Estate, Industrials, and Financials sectors were additive primarily due to stock selection in Industrials and Real Estate and allocation effects in Financials. Only Energy and Utilities were detrimental from a sector perspective. Energy’s impact was negligible, while Utilities were driven lower by a mix of poor allocation and poor stock selection effects. Across dividend yield quintiles, each was additive except for the third quintile. Positive impacts across the other four were mostly attributable to allocation effects. The third quintile detracted from performance mainly due to poor stock selection.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,148.60        0.58   $ 3.12  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       20.44      3.71      5.56      6.76

Fund Market Price Returns

       18.40      3.19      5.29      6.70

WisdomTree Japan SmallCap Dividend Index

       20.84      3.96      5.86      7.22

MSCI Japan Small Cap Index

       14.39      -0.36      3.94      6.11

 

LOGO

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


Description of Terms and Indexes (unaudited)

 

Below are descriptions of certain terms and of each Index referenced in this report:

Allocation Effect measures an investment manager’s ability to effectively allocate a portfolio’s assets to various segments. A segment refers to assets or securities that are grouped within a certain classification such as sectors, industries, or countries. The allocation effect determines whether the overweighting or underweighting of segments relative to a benchmark contributes positively or negatively to the overall portfolio return. Positive allocation occurs when the portfolio is overweighted in a segment that outperforms the benchmark and underweighted in a segment that underperforms the benchmark. Negative allocation occurs when the portfolio is overweighted in a segment that underperforms the benchmark and underweighted in a segment that outperforms the benchmark.

Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a country’s economic health.

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

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

The MSCI EAFE Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets, excluding the U.S. and Canada.

The MSCI EAFE Mid Cap Value Index captures mid cap securities exhibiting overall value style characteristics across Developed Markets countries, excluding the U.S. and Canada.

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

The MSCI EAFE Small Cap Value Index captures small cap securities exhibiting overall value style characteristics across Developed Markets countries, excluding the U.S. and Canada.

The MSCI EAFE Value Index is a free float-adjusted market capitalization index that is designed to measure the performance of the “value” stocks within the developed equity market, excluding the U.S. and Canada.

The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within developed market European countries.

The MSCI Europe Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of “small” stocks within developed market European countries.

The MSCI Japan Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan.

Price-to-earnings (P/E) ratio measures a company’s share price relative to its earnings per share.

Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.

 

WisdomTree Trust      15  


Description of Terms and Indexes (unaudited) (continued)

 

 

Quintiles refers to separating a universe of companies into five groups of equal size on the basis of dividend yield, price-to-earnings, or return-on-equity, as applicable.

Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.

Selection Effect measures an investment manager’s ability to select securities within a given segment relative to a benchmark. The over or underperformance of the portfolio is weighted by the benchmark weight, therefore, selection is not affected by the investment manager’s allocation to the segment. The weight of the segment in the portfolio determines the size of the effect — the larger the segment, the larger the effect is, positive or negative. A positive selection effect occurs when the portfolio return is greater than the benchmark return. Thus, the investment manager made good decisions in selecting securities that, as a whole, outperformed similar securities in the benchmark. A negative selection effect occurs when the portfolio return is less than the benchmark return. Thus, the investment manager made poor decisions in selecting securities that, as a whole, underperformed similar securities in the benchmark.

The WisdomTree Europe Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index.

The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.

The WisdomTree International Dividend ex-Financials Index measures the performance of high dividend-yielding international stocks outside the financial sector.

The WisdomTree International Equity Index is a fundamentally weighted Index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States.

The WisdomTree International High Dividend Index is comprised of companies with high dividend yields selected from the WisdomTree International Equity Index.

The WisdomTree International LargeCap Dividend Index is comprised of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International MidCap Dividend Index is comprised of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International Quality Dividend Growth Index is a fundamentally weighted index designed to provide exposure to dividend paying developed market companies.

The WisdomTree International SmallCap Dividend Index is comprised of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying small-capitalization companies in Japan.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree, 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.

 

16   WisdomTree Trust


Description of Terms and Indexes (unaudited) (concluded)

 

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

WisdomTree, 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 is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree 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 is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.

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

* * * * * *

Abbreviations used in the schedules of investments and related tables included in this report are as follows:

 

Currency abbreviations:           
AUD   Australian dollar    JPY   Japanese yen
CHF   Swiss franc    NOK   Norwegian krone
DKK   Danish krone    NZD   New Zealand dollar
EUR   Euro    SEK   Swedish krona
GBP   British pound    SGD   Singapore dollar
HKD   Hong Kong dollar    USD   U.S. dollar
Other abbreviations:           
ADR   American Depositary Receipt
CVA   Certificaten Van Aandelen (Certificate of Stock)
RSP   Risparmio Italian Savings Shares

 

WisdomTree Trust      17  


Schedule of Investments

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%

 

Austria – 0.7%

 

CA Immobilien Anlagen AG

     2,120      $ 74,870  

Kontron AG

     1,618        35,718  

Mondi PLC

     11,162        196,771  

Telekom Austria AG*

     16,841        140,959  

Wienerberger AG

     2,440        88,964  
     

 

 

 
Total Austria

 

     537,282  
Belgium – 1.9%

 

Ackermans & van Haaren NV

     379        66,310  

Anheuser-Busch InBev SA

     11,404        695,379  

Bekaert SA

     1,550        79,582  

bpost SA

     8,038        30,071  

Colruyt Group NV

     1,390        64,281  

D’ieteren Group

     689        152,991  

Melexis NV(a)

     1,090        88,467  

Tessenderlo Group SA

     1,375        36,011  

UCB SA

     1,380        170,502  
     

 

 

 
Total Belgium

 

     1,383,594  
China – 0.3%

 

Prosus NV

     6,340        199,082  
Denmark – 3.5%

 

Alm Brand AS

     26,125        49,780  

Coloplast AS, Class B

     1,921        259,341  

DSV AS

     750        121,842  

FLSmidth & Co. AS*

     402        20,034  

Novo Nordisk AS, Class B

     12,449        1,588,548  

Novonesis (Novozymes) B, Class B

     3,820        224,117  

Pandora AS

     1,016        163,952  

Royal Unibrew AS

     679        44,900  

Topdanmark AS

     1,409        60,183  
     

 

 

 
Total Denmark

 

     2,532,697  
Finland – 1.6%

 

Elisa OYJ

     4,586        204,802  

Huhtamaki OYJ(a)

     1,849        77,540  

Kesko OYJ, Class B

     9,073        169,667  

Metsa Board OYJ, Class B(a)

     13,798        104,611  

Orion OYJ, Class B

     1,795        67,017  

UPM-Kymmene OYJ

     12,858        428,681  

Wartsila OYJ Abp

     8,504        129,407  
     

 

 

 
Total Finland

 

     1,181,725  
France – 20.1%

 

Airbus SE

     5,758        1,061,646  

Arkema SA

     1,610        169,603  

Bouygues SA

     11,098        453,424  

Bureau Veritas SA

     8,802        268,834  

Capgemini SE

     1,910        439,995  

Carrefour SA

     11,131        190,841  

Cie Plastic Omnium SE

     2,209        28,820  

Dassault Aviation SA

     695        153,122  

Edenred SE

     2,859        152,719  

Eramet SA

     836        63,608  

Gaztransport & Technigaz SA

     585      87,504  

Hermes International SCA

     402        1,027,222  

Imerys SA

     2,666        90,928  

Interparfums SA

     1,060        59,759  

Ipsen SA

     354        42,170  

Kering SA

     2,350        929,796  

L’Oreal SA

     3,821        1,810,168  

La Francaise des Jeux SAEM(b)

     4,693        191,486  

LVMH Moet Hennessy Louis Vuitton SE

     4,713        4,243,566  

Remy Cointreau SA

     499        50,357  

Sanofi SA

     18,008        1,769,048  

SEB SA

     846        108,362  

Societe BIC SA

     1,072        76,644  

Sopra Steria Group

     291        70,524  

Technip Energies NV

     2,413        61,007  

Teleperformance SE

     1,122        109,155  

Thales SA

     2,344        400,107  

Valeo SE

     4,337        54,287  

Veolia Environnement SA

     16,232        528,196  
     

 

 

 
Total France

 

     14,692,898  
Georgia – 0.2%

 

Bank of Georgia Group PLC

     2,082        132,819  
Germany – 8.8%

 

AIXTRON SE

     688        18,204  

Aurubis AG

     566        39,843  

Bayer AG, Registered Shares

     19,736        605,982  

Bechtle AG

     1,204        63,690  

Beiersdorf AG

     702        102,314  

Bilfinger SE

     774        36,195  

Carl Zeiss Meditec AG, Bearer Shares

     635        79,416  

Continental AG

     2,724        196,814  

CTS Eventim AG & Co. KGaA

     1,165        103,739  

Deutsche Post AG, Registered Shares

     31,906        1,375,410  

Deutsche Telekom AG, Registered Shares

     87,449        2,125,011  

Fresenius Medical Care AG

     3,689        142,034  

Hugo Boss AG

     846        49,905  

K & S AG, Registered Shares

     6,129        95,715  

Knorr-Bremse AG

     2,398        181,548  

Merck KGaA

     759        134,106  

Nemetschek SE

     437        43,288  

Puma SE

     1,253        56,863  

Rheinmetall AG

     384        216,069  

Scout24 SE(b)

     755        56,964  

Siemens Healthineers AG*(b)

     8,212        503,047  

Siltronic AG

     639        56,728  

Stroeer SE & Co. KGaA

     1,446        88,079  

Symrise AG

     834        99,935  
     

 

 

 
Total Germany

 

     6,470,899  
Ireland – 1.2%

 

CRH PLC

     8,845        762,923  

Kerry Group PLC, Class A

     1,214        104,155  
     

 

 

 
Total Ireland

 

     867,078  

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2024

 

 

 

Investments    Shares      Value  
Israel – 0.1%

 

Plus500 Ltd.

     2,900      $ 66,125  
Italy – 1.7%

 

Azimut Holding SpA

     5,937        161,453  

Brembo SpA

     5,760        73,841  

Davide Campari-Milano NV(a)

     4,806        48,344  

De’ Longhi SpA(a)

     2,168        75,066  

Ferrari NV

     682        297,570  

Leonardo SpA

     3,691        92,801  

Moncler SpA

     3,580        267,477  

Piaggio & C SpA(a)

     20,256        64,142  

RAI Way SpA(b)

     11,039        61,876  

Recordati Industria Chimica & Farmaceutica SpA

     2,487        137,629  
     

 

 

 
Total Italy

 

     1,280,199  
Netherlands – 7.1%

 

Arcadis NV(a)

     1,168        71,587  

ASM International NV

     190        116,123  

ASML Holding NV

     2,172        2,092,887  

Heineken Holding NV

     3,622        292,600  

Heineken NV(a)

     6,014        580,274  

IMCD NV

     721        127,197  

Koninklijke KPN NV

     95,360        356,959  

Randstad NV(a)

     5,643        298,140  

RHI Magnesita NV

     1,275        56,888  

SBM Offshore NV(a)

     7,552        120,629  

Signify NV(b)

     4,406        135,997  

Universal Music Group NV

     20,265        610,187  

Wolters Kluwer NV

     2,040        319,905  
     

 

 

 
Total Netherlands

 

     5,179,373  
Norway – 1.0%

 

Aker ASA, Class A

     1,959        112,589  

Atea ASA*

     2,997        35,858  

DNO ASA

     53,782        48,336  

Gjensidige Forsikring ASA

     13,509        195,750  

Kongsberg Gruppen ASA

     2,784        192,339  

TOMRA Systems ASA

     4,173        65,219  

Veidekke ASA

     5,178        56,321  
     

 

 

 
Total Norway

 

     706,412  
Portugal – 0.2%

 

Jeronimo Martins SGPS SA

     7,326        145,424  
Spain – 5.5%

 

CIE Automotive SA

     2,018        57,973  

Endesa SA

     47,774        885,644  

Gestamp Automocion SA(b)

     13,642        43,905  

Industria de Diseno Textil SA

     58,835        2,965,496  

Viscofan SA(a)

     1,054        67,047  
     

 

 

 
Total Spain

 

     4,020,065  
Sweden – 4.6%

 

Alfa Laval AB

     3,905        153,679  

Assa Abloy AB, Class B

     12,525        359,728  

Atlas Copco AB, Class A

     27,583        466,398  

Atlas Copco AB, Class B

     14,989        221,696  

Axfood AB

     3,794      110,422  

Billerud Aktiebolag

     7,903        70,969  

Epiroc AB, Class A

     7,458        140,266  

Epiroc AB, Class B

     4,969        84,253  

Evolution AB(b)

     2,668        332,009  

Husqvarna AB, Class B

     10,454        89,595  

Indutrade AB*

     3,096        84,519  

Investment AB Latour, Class B

     7,503        197,529  

Loomis AB

     1,723        48,148  

Mycronic AB

     787        27,822  

Nibe Industrier AB, Class B(a)

     12,127        59,611  

Saab AB, Class B

     823        73,275  

Sandvik AB

     18,432        409,749  

Securitas AB, Class B(a)

     11,734        121,097  

Skanska AB, Class B(a)

     9,910        176,557  

Sweco AB, Class B

     5,419        61,069  

Trelleborg AB, Class B

     2,980        106,713  
     

 

 

 
Total Sweden

 

     3,395,104  
Switzerland – 20.9%

 

ABB Ltd., Registered Shares

     27,142        1,262,328  

Clariant AG, Registered Shares*

     6,006        81,285  

Coca-Cola HBC AG*

     5,639        178,300  

Galenica AG(b)

     702        58,610  

Geberit AG, Registered Shares

     559        330,795  

Georg Fischer AG, Registered Shares

     1,431        106,288  

Givaudan SA, Registered Shares

     105        468,169  

Kuehne & Nagel International AG, Registered Shares

     3,547        988,450  

Landis & Gyr Group AG*

     665        51,128  

Logitech International SA, Registered Shares

     1,439        129,026  

Nestle SA, Registered Shares

     29,112        3,094,786  

Novartis AG, Registered Shares

     24,634        2,389,555  

Partners Group Holding AG

     522        746,459  

Roche Holding AG

     7,378        1,881,566  

Roche Holding AG, Bearer Shares

     1,132        305,403  

Schindler Holding AG, Participation Certificate

     436        109,932  

Schindler Holding AG, Registered Shares

     772        188,565  

SFS Group AG

     556        73,212  

SGS SA, Registered Shares*(a)

     4,117        399,953  

Sika AG, Registered Shares

     1,193        355,768  

Sonova Holding AG, Registered Shares

     482        139,725  

Stadler Rail AG(a)

     1,601        51,050  

STMicroelectronics NV

     3,231        139,300  

Straumann Holding AG, Registered Shares

     561        89,690  

Sulzer AG, Registered Shares

     978        119,115  

UBS Group AG, Registered Shares

     41,712        1,284,657  

VAT Group AG(b)

     307        159,277  

Vontobel Holding AG, Registered Shares

     1,809        109,862  
     

 

 

 
Total Switzerland

 

     15,292,254  
United Kingdom – 18.1%

 

Admiral Group PLC

     6,577        235,709  

Airtel Africa PLC(b)

     80,517        107,612  

Antofagasta PLC

     18,743        482,776  

Ashtead Group PLC

     4,236        301,804  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Schedule of Investments (continued)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2024

 

 

 

Investments    Shares      Value  

AstraZeneca PLC

     12,232      $ 1,649,972  

Auto Trader Group PLC(b)

     7,706        68,162  

BAE Systems PLC

     43,484        741,296  

Bellway PLC

     4,604        154,938  

Britvic PLC

     5,438        56,468  

Burberry Group PLC

     7,449        114,143  

Compass Group PLC

     16,482        483,669  

Computacenter PLC

     2,030        69,136  

Diageo PLC

     30,035        1,109,985  

Dr. Martens PLC

     27,960        30,994  

Dunelm Group PLC

     4,890        69,927  

Greggs PLC

     1,601        58,126  

Halma PLC

     3,298        98,656  

Hargreaves Lansdown PLC(a)

     14,506        134,870  

Hays PLC

     63,331        75,563  

Howden Joinery Group PLC

     8,756        100,301  

IMI PLC

     3,046        69,839  

Imperial Brands PLC

     37,255        833,004  

Inchcape PLC

     11,316        103,495  

InterContinental Hotels Group PLC

     1,869        194,595  

Intertek Group PLC

     2,442        153,780  

ITV PLC

     176,695        164,952  

Johnson Matthey PLC

     5,321        120,252  

Moneysupermarket.com Group PLC

     15,577        43,251  

Next PLC

     2,117        246,891  

Pets at Home Group PLC

     12,589        42,684  

Reckitt Benckiser Group PLC

     11,541        657,812  

Redrow PLC

     12,405        104,288  

RELX PLC

     19,514        844,052  

Renishaw PLC

     1,325        71,137  

Rentokil Initial PLC

     24,967        148,772  

Rightmove PLC

     7,146        49,614  

RS Group PLC

     8,671        79,611  

Sage Group PLC

     12,578        201,077  

Smith & Nephew PLC

     11,629      145,669  

Spectris PLC

     1,597        66,716  

Spirax-Sarco Engineering PLC

     826        104,866  

St. James’s Place PLC

     23,824        139,794  

Tate & Lyle PLC

     6,745        52,615  

TBC Bank Group PLC

     1,952        79,278  

Telecom Plus PLC

     2,401        49,378  

Travis Perkins PLC

     6,576        60,592  

Unilever PLC

     44,775        2,248,623  

Victrex PLC

     2,128        34,920  
     

 

 

 
Total United Kingdom

 

     13,255,664  
United States – 1.7%

 

GSK PLC

     56,006        1,208,827  

TOTAL COMMON STOCKS

(Cost: $62,526,183)

 

 

     72,547,521  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.8%

 

United States – 1.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $1,279,862)      1,279,862        1,279,862  

TOTAL INVESTMENTS IN SECURITIES – 101.0%

(Cost: $63,806,045)

 

 

     73,827,383  

Other Assets less Liabilities – (1.0)%

 

     (731,213
     

 

 

 
NET ASSETS – 100.0%

 

   $ 73,096,170  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,824,913 and the total market value of the collateral held by the Fund was $1,923,300. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $643,438.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

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 NA

    4/3/2024       3,599       USD       3,247       CHF     $     $ (6

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2024

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 – Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

        

Investments in Securities

  

Common Stocks

   $ 72,547,521      $      $      $ 72,547,521  

Investment of Cash Collateral for Securities Loaned

            1,279,862               1,279,862  

Total Investments in Securities

   $ 72,547,521      $ 1,279,862      $      $ 73,827,383  

Liabilities:

        

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (6    $      $ (6

Total – Net

   $ 72,547,521      $ 1,279,856      $      $ 73,827,377  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.1%

 

Austria – 0.8%

 

Kontron AG

     42,190      $ 931,353  

Schoeller-Bleckmann Oilfield Equipment AG

     10,291        492,362  
     

 

 

 
Total Austria

 

     1,423,715  
Belgium – 1.6%

 

Barco NV

     59,915        988,094  

Deceuninck NV

     47,325        115,255  

Econocom Group SA

     80,640        185,069  

Fagron

     23,551        449,183  

Kinepolis Group NV(a)

     3,293        151,327  

Recticel SA(a)

     39,261        463,029  

Xior Student Housing NV(b)

     20,300        613,872  
     

 

 

 
Total Belgium

 

     2,965,829  
Denmark – 3.0%

 

Cementir Holding NV

     35,696        404,022  

Chemometec AS

     8,034        492,986  

D/S Norden AS

     56,169        2,288,562  

Dfds AS

     23,898        693,428  

Matas AS

     17,927        303,693  

Scandinavian Tobacco Group AS(c)

     34,686        621,752  

Spar Nord Bank AS

     53,633        894,595  
     

 

 

 
Total Denmark

 

     5,699,038  
Finland – 3.7%

 

Aktia Bank OYJ

     10,120        109,515  

Citycon OYJ*(a)

     145,150        599,771  

F-Secure OYJ(a)

     107,813        218,438  

Harvia OYJ(b)

     15,983        661,466  

Kamux Corp.(a)(b)

     26,258        164,338  

Marimekko OYJ

     12,744        171,081  

Musti Group OYJ*

     13,311        359,109  

Oriola OYJ, Class B(a)

     195,507        214,526  

Outokumpu OYJ(a)

     624,722        2,719,040  

Puuilo OYJ

     45,506        486,796  

Revenio Group OYJ(a)

     9,375        258,187  

Talenom OYJ(a)

     25,735        165,095  

Terveystalo OYJ(a)(c)

     27,546        224,313  

Tokmanni Group Corp.

     36,595        599,953  
     

 

 

 
Total Finland

 

     6,951,628  
France – 3.9%

 

Beneteau SACA(a)

     42,612        629,567  

Chargeurs SA(a)

     43,193        557,915  

Coface SA

     107,631        1,702,938  

Derichebourg SA

     118,160        561,751  

Etablissements Maurel & Prom SA

     144,967        875,977  

Fnac Darty SA(a)

     17,657        553,399  

Lectra(a)

     11,170        390,257  

Mersen SA

     18,648        734,097  

Quadient SA

     17,998        370,485  

Television Francaise 1 SA(a)

     115,167        1,053,502  
     

 

 

 
Total France

 

     7,429,888  
Georgia – 1.4%

 

Bank of Georgia Group PLC

     42,506      $ 2,711,633  
Germany – 5.7%

 

7C Solarparken AG

     66,930        224,804  

Bilfinger SE

     22,279        1,041,855  

Deutz AG

     121,298        770,946  

Duerr AG

     40,751        942,717  

Eckert & Ziegler SE

     5,816        235,422  

Elmos Semiconductor SE

     4,483        357,797  

ElringKlinger AG

     38,339        251,335  

GFT Technologies SE

     8,710        253,984  

Hamborner REIT AG

     39,268        290,929  

Hamburger Hafen und Logistik AG*

     18,882        338,516  

Instone Real Estate Group SE(c)

     45,437        438,213  

Jenoptik AG

     16,931        526,622  

Kloeckner & Co. SE

     67,703        493,555  

Mutares SE & Co. KGaA

     11,604        462,443  

Norma Group SE

     17,055        317,366  

ProSiebenSat.1 Media SE

     45,928        323,010  

SAF-Holland SE

     45,422        926,663  

Salzgitter AG

     55,094        1,439,937  

Stabilus SE

     11,414        727,300  

Wacker Neuson SE

     21,735        402,810  
     

 

 

 
Total Germany

 

     10,766,224  
Ireland – 0.7%

 

C&C Group PLC

     143,773        297,496  

Dalata Hotel Group PLC

     51,456        250,354  

Kenmare Resources PLC

     59,344        244,765  

Origin Enterprises PLC(a)

     85,787        291,847  

Uniphar PLC(a)

     51,458        144,494  
     

 

 

 
Total Ireland

 

     1,228,956  
Israel – 0.9%

 

Plus500 Ltd.

     72,154        1,645,231  
Italy – 10.7%

 

Anima Holding SpA(c)

     390,926        1,857,680  

Aquafil SpA(a)

     53,960        176,870  

Biesse SpA(a)

     15,121        202,500  

Cairo Communication SpA(a)

     108,471        234,297  

Danieli & C Officine Meccaniche SpA(a)

     10,677        379,375  

Danieli & C Officine Meccaniche SpA, RSP

     15,598        411,881  

Datalogic SpA(a)

     64,284        398,509  

El.En. SpA(a)

     43,464        551,089  

Intercos SpA(a)

     27,623        400,357  

Italian Sea Group SpA(a)

     33,546        364,471  

Maire Tecnimont SpA

     225,659        1,770,565  

MARR SpA

     46,773        595,065  

Orsero SpA

     9,845        152,259  

OVS SpA(a)(c)

     212,497        559,054  

Piaggio & C SpA(a)

     366,104        1,159,290  

RAI Way SpA(c)

     128,070        717,858  

Salcef Group SpA

     17,077        422,348  

Sanlorenzo SpA

     14,664        667,535  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2024

 

 

 

Investments    Shares      Value  

Saras SpA

     2,294,732      $ 4,391,566  

Spaxs SpA*(a)

     63,014        330,748  

Technogym SpA(c)

     140,480        1,395,809  

Tinexta SpA(a)

     24,868        510,560  

Unieuro SpA(a)(c)

     23,510        224,328  

Webuild SpA(a)

     568,974        1,377,691  

Wiit SpA(a)

     12,170        237,373  

Zignago Vetro SpA

     45,155        646,656  
     

 

 

 
Total Italy

 

     20,135,734  
Netherlands – 2.4%

 

AMG Critical Materials NV(a)

     21,666        492,321  

Brunel International NV(a)

     15,542        170,875  

Corbion NV(a)

     42,121        902,990  

ForFarmers NV(a)

     67,015        187,816  

Koninklijke BAM Groep NV

     349,717        1,326,462  

Koninklijke Heijmans NV

     29,851        553,223  

RHI Magnesita NV

     16,931        755,427  

Sligro Food Group NV

     14,392        217,918  
     

 

 

 
Total Netherlands

 

     4,607,032  
Norway – 5.4%

 

Atea ASA*

     26,957        322,532  

Austevoll Seafood ASA

     132,303        1,039,048  

Borregaard ASA

     34,789        606,721  

DNO ASA

     1,244,969        1,118,895  

Elmera Group ASA(c)

     113,044        357,828  

Europris ASA(c)

     121,086        870,592  

Grieg Seafood ASA

     132,159        828,385  

Kitron ASA

     110,485        346,265  

MPC Container Ships ASA

     1,508,494        1,744,378  

Panoro Energy ASA

     117,021        288,222  

SpareBank 1 Nord Norge

     46,916        413,433  

SpareBank 1 SMN

     57,623        731,933  

Sparebanken Vest

     34,598        371,219  

TGS ASA

     104,915        1,143,092  
     

 

 

 
Total Norway

 

     10,182,543  
Portugal – 2.2%

 

Altri SGPS SA(a)

     242,270        1,368,438  

Corticeira Amorim SGPS SA(a)

     22,796        242,012  

CTT-Correios de Portugal SA

     79,173        353,143  

Mota-Engil SGPS SA

     244,626        1,272,104  

Sonae SGPS SA

     944,593        897,741  
     

 

 

 
Total Portugal

 

     4,133,438  
Spain – 2.4%

 

Construcciones y Auxiliar de Ferrocarriles SA(a)

     17,618        643,127  

Ercros SA(a)

     50,073        189,817  

Faes Farma SA

     138,033        468,843  

Global Dominion Access SA(c)

     39,802        144,648  

Pharma Mar SA(a)

     8,151        253,001  

Sacyr SA

     585,156        2,161,332  

Talgo SA(a)(c)

     54,009        262,192  

Tubacex SA

     84,600        304,712  
     

 

 

 
Total Spain

 

     4,427,672  
Sweden – 14.0%

 

AcadeMedia AB(c)

     58,932      267,527  

Addnode Group AB

     40,237        430,495  

AFRY AB

     86,371        1,381,277  

Alimak Group AB(c)

     28,473        260,961  

Alleima AB

     109,896        741,438  

Alligo AB, Class B

     25,940        373,600  

Ambea AB(c)

     57,888        345,132  

Arjo AB, Class B

     126,721        606,193  

Beijer Alma AB

     18,846        340,873  

Bilia AB, Class A

     44,584        572,071  

BioGaia AB, Class B

     29,480        344,355  

Bravida Holding AB(c)

     134,264        1,179,076  

Bufab AB

     11,611        455,857  

Catena AB(a)

     22,354        1,093,386  

Clas Ohlson AB, Class B

     24,816        336,524  

Cloetta AB, Class B

     293,578        499,428  

Dios Fastigheter AB

     86,731        698,789  

Duni AB

     31,569        326,537  

Electrolux Professional AB, Class B

     71,268        466,562  

Fagerhult Group AB

     51,234        354,095  

Ferronordic AB(a)

     12,821        82,855  

G5 Entertainment AB

     10,272        124,790  

Granges AB

     53,397        578,285  

Hemnet Group AB

     10,208        312,944  

HMS Networks AB(a)

     10,557        457,721  

Instalco AB(a)(b)

     90,998        359,818  

Inwido AB

     55,387        755,753  

Lagercrantz Group AB, Class B

     102,425        1,569,049  

Lindab International AB

     40,846        878,606  

Medicover AB, Class B

     18,121        233,872  

MEKO AB

     22,436        253,052  

MIPS AB(b)

     10,919        358,432  

Mycronic AB

     30,452        1,076,525  

NCAB Group AB

     82,625        542,071  

NCC AB, Class B(a)

     74,701        1,029,072  

New Wave Group AB, Class B(a)

     85,897        1,028,907  

Nordic Waterproofing Holding AB(a)

     12,083        185,326  

Peab AB, Class B(a)

     302,909        1,907,948  

Platzer Fastigheter Holding AB, Class B(a)

     43,364        373,107  

Prevas AB, Class B

     17,199        197,202  

Ratos AB, Class B(a)

     137,096        451,063  

Rvrc Holding AB

     48,902        312,823  

Scandi Standard AB

     29,604        198,235  

SkiStar AB(a)

     29,860        450,444  

Storskogen Group AB, Class B(a)

     305,457        162,833  

Tethys Oil AB

     37,977        126,281  

Troax Group AB

     21,844        502,964  

VBG Group AB, Class B

     10,427        305,713  

Vitec Software Group AB, Class B

     3,938        204,770  

Volati AB(b)

     18,535        216,334  
     

 

 

 
Total Sweden

 

     26,310,971  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2024

 

 

 

Investments    Shares      Value  
Switzerland – 4.2%

 

Ascom Holding AG, Registered Shares

     23,494      $ 214,673  

Comet Holding AG, Registered Shares

     3,413        1,190,590  

Huber & Suhner AG, Registered Shares(a)

     10,993        930,017  

Implenia AG, Registered Shares(a)

     4,237        153,825  

Landis & Gyr Group AG*

     19,879        1,528,390  

Medmix AG(c)

     22,628        402,465  

Mobilezone Holding AG, Registered Shares(a)

     39,763        656,021  

OC Oerlikon Corp. AG, Registered Shares

     460,625        2,031,312  

u-blox Holding AG*(a)

     3,578        344,810  

Zehnder Group AG

     6,286        417,345  
     

 

 

 
Total Switzerland

 

     7,869,448  
United Kingdom – 35.1%

 

4imprint Group PLC

     37,539        3,006,500  

AG Barr PLC

     52,092        382,986  

AJ Bell PLC

     194,175        741,762  

Alliance Pharma PLC(a)

     341,477        171,254  

Alpha Financial Markets Consulting PLC

     55,742        228,148  

Alpha Group International PLC(b)

     6,193        148,643  

Ashmore Group PLC

     513,867        1,270,372  

Assura PLC

     3,310,951        1,770,059  

Avon Protection PLC

     15,540        212,406  

Bloomsbury Publishing PLC

     52,319        348,966  

Bodycote PLC

     123,404        1,085,775  

Bridgepoint Group PLC(c)

     524,126        1,722,790  

Bytes Technology Group PLC

     51,375        331,636  

Chemring Group PLC

     72,816        333,905  

Chesnara PLC

     87,083        289,320  

Clarkson PLC

     18,602        942,309  

CMC Markets PLC(c)

     305,727        840,006  

Coats Group PLC

     656,447        672,527  

Concentric AB

     17,954        321,381  

Craneware PLC

     8,194        227,724  

DiscoverIE Group PLC

     22,131        211,634  

Domino’s Pizza Group PLC

     259,348        1,128,983  

Dowlais Group PLC

     312,329        307,749  

Dr. Martens PLC

     693,775        769,051  

Empiric Student Property PLC

     364,152        437,014  

FDM Group Holdings PLC

     130,930        567,313  

Fevertree Drinks PLC

     27,915        423,516  

Firstgroup PLC

     209,757        478,016  

FRP Advisory Group PLC

     95,345        137,307  

Fuller Smith & Turner PLC, Class A

     22,440        167,249  

Galliford Try Holdings PLC

     67,425        204,419  

Gamma Communications PLC

     22,248        384,473  

Genuit Group PLC

     127,410        709,792  

Genus PLC

     14,018        312,550  

H&T Group PLC(a)

     35,249        165,645  

Halfords Group PLC

     153,270        310,757  

Hammerson PLC

     2,224,837        836,974  

Hargreaves Services PLC

     26,155        164,541  

Helical PLC

     75,452        198,255  

Hill & Smith PLC

     39,633        979,298  

Hilton Food Group PLC

     61,465      654,553  

Hollywood Bowl Group PLC

     113,563        472,696  

Hunting PLC

     62,085        259,207  

Ibstock PLC(c)

     422,495        804,311  

Impax Asset Management Group PLC

     134,661        790,163  

IntegraFin Holdings PLC(b)

     227,413        798,637  

James Halstead PLC(a)

     108,096        274,470  

Johnson Service Group PLC

     105,187        174,601  

Jupiter Fund Management PLC

     677,141        757,455  

Just Group PLC

     357,393        474,953  

Kainos Group PLC

     38,394        468,279  

Keller Group PLC

     41,550        550,075  

Kitwave Group PLC

     65,269        305,893  

Learning Technologies Group PLC

     238,213        256,988  

Marshalls PLC

     210,175        729,604  

Me Group International PLC

     248,057        521,428  

Mears Group PLC

     80,040        373,098  

Mitie Group PLC

     685,131        908,766  

MJ Gleeson PLC

     29,736        179,932  

Moneysupermarket.com Group PLC

     349,046        969,169  

Morgan Advanced Materials PLC

     184,915        665,743  

Morgan Sindall Group PLC

     31,457        921,923  

Mortgage Advice Bureau Holdings Ltd.(a)

     30,445        350,752  

MP Evans Group PLC

     26,905        275,301  

Next 15 Group PLC

     32,900        384,023  

Odfjell Technology Ltd.

     45,467        271,161  

Oxford Instruments PLC

     15,318        411,197  

PageGroup PLC

     326,442        1,849,927  

Pan African Resources PLC

     1,339,760        380,802  

PayPoint PLC

     62,910        386,229  

Pennon Group PLC

     210,677        1,723,242  

Pets at Home Group PLC

     306,153        1,038,031  

Polar Capital Holdings PLC

     90,078        518,318  

Premier Foods PLC

     244,508        461,459  

Primary Health Properties PLC

     1,442,392        1,708,220  

PZ Cussons PLC(a)

     288,648        327,077  

Reach PLC

     431,652        427,503  

Redde Northgate PLC

     297,368        1,433,105  

Redrow PLC

     280,596        2,358,950  

Renew Holdings PLC

     37,547        438,265  

Restore PLC(a)

     53,427        145,782  

Robert Walters PLC

     32,718        168,217  

RWS Holdings PLC

     252,769        599,026  

Safestore Holdings PLC

     138,283        1,318,006  

Savills PLC

     94,730        1,275,657  

Secure Trust Bank PLC

     20,530        171,168  

Senior PLC

     76,641        171,172  

Serica Energy PLC

     543,217        1,293,523  

Severfield PLC

     314,738        217,881  

Spirent Communications PLC

     523,606        1,322,891  

SThree PLC

     104,049        565,192  

TBC Bank Group PLC

     22,912        930,536  

Telecom Plus PLC

     57,961        1,192,009  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2024

 

 

 

Investments    Shares      Value  

Tyman PLC

     131,940      $ 482,519  

Vertu Motors PLC

     161,824        137,986  

Vesuvius PLC

     160,643        1,004,921  

Victrex PLC

     55,002        902,562  

Volution Group PLC

     48,294        265,138  

Warpaint London PLC

     44,571        232,255  

Wickes Group PLC

     214,576        420,419  

Wincanton PLC

     69,585        527,419  

Workspace Group PLC

     150,248        972,729  

XPS Pensions Group PLC(b)

     154,663        451,323  

YouGov PLC

     13,765        173,886  

Young & Co.’s Brewery PLC, Class A(a)

     11,378        140,570  
     

 

 

 
Total United Kingdom

 

     66,081,298  

TOTAL COMMON STOCKS

(Cost: $172,851,744)

 

 

     184,570,278  
EXCHANGE-TRADED FUND – 0.3%

 

United States – 0.3%

WisdomTree International MidCap Dividend Fund(d)

     
(Cost: $585,657)      9,700        610,227  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.3%

 

United States – 8.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(e)

     
(Cost: $15,484,216)      15,484,216      15,484,216  

TOTAL INVESTMENTS IN SECURITIES – 106.7%

(Cost: $188,921,617)

 

 

     200,664,721  

Other Assets less Liabilities – (6.7)%

 

     (12,513,311
     

 

 

 
NET ASSETS – 100.0%

 

   $ 188,151,410  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $20,380,112 and the total market value of the collateral held by the Fund was $21,585,512. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,101,296.

 

(b) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(c) 

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.

 

(d) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2024
    Dividend
Income
 

WisdomTree International MidCap Dividend Fund

  $ 64,306     $ 8,656,401     $ 8,085,805     $ (46,899   $ 22,224     $ 610,227     $ 66,368  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 – Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

        

Investments in Securities

  

Common Stocks

   $ 184,570,278      $      $      $ 184,570,278  

Exchange-Traded Fund

     610,227                      610,227  

Investment of Cash Collateral for Securities Loaned

            15,484,216               15,484,216  

Total Investments in Securities

   $ 185,180,505      $ 15,484,216      $      $ 200,664,721  

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Schedule of Investments

WisdomTree International AI Enhanced Value Fund (AIVI)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.2%

 

Australia – 9.9%      

APA Group

     34,562      $ 189,631  

Aurizon Holdings Ltd.

     295,401        770,878  

Coles Group Ltd.

     36,660        405,154  

Dexus(a)

     76,685        395,732  

Lottery Corp. Ltd.

     53,408        179,443  

Scentre Group

     374,851        829,034  

Sonic Healthcare Ltd.

     44,852        860,579  

Telstra Group Ltd.

     71,022        178,852  

Transurban Group

     145,980        1,268,561  

Vicinity Ltd.(a)

     537,451        746,848  

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

     7,856        172,260  

Woodside Energy Group Ltd.

     57,192        1,138,018  

Woolworths Group Ltd.(a)

     9,776        211,554  
     

 

 

 
Total Australia               7,346,544  
Austria – 0.4%      

OMV AG

     6,411        303,681  
Belgium – 3.7%      

Ageas SA

     7,950        368,511  

Groupe Bruxelles Lambert NV

     28,458        2,153,269  

Umicore SA

     8,463        182,755  
     

 

 

 
Total Belgium               2,704,535  
China – 0.2%      

BOC Hong Kong Holdings Ltd.

     67,000        179,347  
Denmark – 0.6%      

Carlsberg AS, Class B

     3,125        426,953  
Finland – 2.7%      

Fortum OYJ(a)

     28,268        349,409  

Sampo OYJ, Class A

     34,539        1,473,993  

Wartsila OYJ Abp

     12,157        184,996  
     

 

 

 
Total Finland               2,008,398  
France – 10.2%      

AXA SA

     47,363        1,780,858  

Eiffage SA

     14,675        1,666,522  

EssilorLuxottica SA

     895        202,696  

Klepierre SA(a)

     7,216        187,039  

Orange SA

     16,356        192,331  

Societe Generale SA

     17,468        468,051  

Thales SA

     2,520        430,149  

Vinci SA

     17,030        2,184,281  

Vivendi SE

     21,296        232,297  

Worldline SA*(b)

     15,366        190,514  
     

 

 

 
Total France               7,534,738  
Germany – 6.1%      

BASF SE

     18,241        1,042,736  

Evonik Industries AG

     43,284        856,633  

Fresenius Medical Care AG

     4,615        177,687  

Heidelberg Materials AG

     12,086        1,330,741  

Mercedes-Benz Group AG

     4,661        371,551  

Siemens Energy AG*

     31,151        572,100  

Talanx AG

     2,474      196,119  
     

 

 

 
Total Germany               4,547,567  
Hong Kong – 2.7%      

CK Asset Holdings Ltd.

     85,500        351,769  

Henderson Land Development Co. Ltd.

     196,000        558,465  

Hongkong Land Holdings Ltd.

     54,600        167,622  

Sino Land Co. Ltd.

     166,000        172,438  

Sun Hung Kai Properties Ltd.

     60,500        583,244  

Wharf Real Estate Investment Co. Ltd.

     53,446        173,795  
     

 

 

 
Total Hong Kong               2,007,333  
Italy – 0.7%      

Snam SpA

     70,587        333,600  

Terna – Rete Elettrica Nazionale

     22,536        186,436  
     

 

 

 
Total Italy               520,036  
Japan – 19.0%      

AGC, Inc.

     41,500        1,515,821  

Asahi Group Holdings Ltd.

     13,100        483,162  

Astellas Pharma, Inc.(a)

     16,100        174,835  

FANUC Corp.

     47,900        1,324,533  

GLP J-REIT

     234        194,195  

Honda Motor Co. Ltd.

     89,600        1,119,519  

Inpex Corp.

     36,800        569,100  

ITOCHU Corp.(a)

     4,700        200,801  

Japan Metropolitan Fund Invest

     299        187,091  

Kirin Holdings Co. Ltd.

     24,400        338,242  

Koito Manufacturing Co. Ltd.

     35,500        594,618  

Makita Corp.

     9,400        265,209  

MEIJI Holdings Co. Ltd.

     7,900        176,744  

Mitsubishi Chemical Group Corp.

     267,100        1,616,595  

Mitsui & Co. Ltd.

     4,300        201,895  

Nippon Express Holdings, Inc.

     10,700        546,648  

Nissan Chemical Corp.

     4,800        181,572  

Nissan Motor Co. Ltd.(a)

     65,700        264,068  

Ono Pharmaceutical Co. Ltd.(a)

     12,800        207,589  

Takeda Pharmaceutical Co. Ltd.(a)

     75,300        2,081,702  

Toho Co. Ltd.

     5,600        183,084  

Toray Industries, Inc.

     232,700        1,137,938  

TOTO Ltd.

     6,600        186,297  

Unicharm Corp.

     10,000        319,403  
     

 

 

 
Total Japan               14,070,661  
Netherlands – 3.0%      

Aegon Ltd.

     104,997        640,692  

JDE Peet’s NV

     35,451        745,066  

Koninklijke Philips NV

     15,174        304,913  

NN Group NV

     6,238        288,480  

Randstad NV(a)

     4,275        225,864  
     

 

 

 
Total Netherlands               2,205,015  
Norway – 1.4%      

DNB Bank ASA

     43,772        867,887  

Gjensidige Forsikring ASA

     11,173        161,901  
     

 

 

 
Total Norway               1,029,788  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International AI Enhanced Value Fund (AIVI)

March 31, 2024

 

 

 

Investments    Shares      Value  
Singapore – 3.3%      

CapitaLand Integrated Commercial Trust

     150,800      $ 221,239  

DBS Group Holdings Ltd.

     10,600        282,986  

Mapletree Pan Asia Commercial Trust

     176,000        166,924  

Oversea-Chinese Banking Corp. Ltd.

     113,800        1,137,494  

Seatrium Ltd.*

     2,829,000        165,598  

United Overseas Bank Ltd.

     20,600        447,381  
     

 

 

 
Total Singapore               2,421,622  
Spain – 3.9%      

Aena SME SA(b)

     2,673        526,704  

Enagas SA(a)

     119,243        1,772,690  

Redeia Corp. SA

     12,556        214,324  

Repsol SA

     22,173        369,739  
     

 

 

 
Total Spain               2,883,457  
Sweden – 0.5%      

Boliden AB

     6,968        193,708  

Essity AB, Class B(a)

     7,563        179,798  
     

 

 

 
Total Sweden               373,506  
Switzerland – 9.0%      

Baloise Holding AG, Registered Shares

     1,970        309,050  

Clariant AG, Registered Shares*

     49,936        675,830  

Holcim AG, Registered Shares

     2,257        204,626  

SGS SA, Registered Shares*(a)

     1,835        178,264  

Sonova Holding AG, Registered Shares

     1,261        365,546  

Swiss Prime Site AG, Registered Shares

     4,115        388,565  

Swiss Re AG

     17,751        2,285,143  

Zurich Insurance Group AG

     4,237        2,287,613  
     

 

 

 
Total Switzerland                6,694,637  
United Kingdom – 20.1%      

Aviva PLC

     274,722        1,723,413  

BAE Systems PLC

     11,245        191,700  

British American Tobacco PLC

     54,791        1,665,306  

Centrica PLC

     88,777        143,156  

CK Hutchison Holdings Ltd.

     108,000        521,616  

Coca-Cola Europacific Partners PLC

     2,874        201,036  

Haleon PLC

     42,195        177,552  

Imperial Brands PLC

     56,747        1,268,836  

Legal & General Group PLC

     167,119        537,072  

M&G PLC

     255,001      710,297  

Phoenix Group Holdings PLC

     190,472        1,329,631  

Reckitt Benckiser Group PLC

     8,265        471,087  

RELX PLC

     6,346        274,488  

Rolls-Royce Holdings PLC*

     37,839        203,963  

Schroders PLC

     197,700        940,538  

Shell PLC

     77,474        2,569,062  

St. James’s Place PLC

     132,964        780,205  

Unilever PLC

     3,708        186,218  

United Utilities Group PLC

     44,892        583,544  

Vodafone Group PLC

     207,319        184,532  

WPP PLC

     19,749        188,007  
     

 

 

 
Total United Kingdom               14,851,259  
United States – 0.8%      

GSK PLC

     26,848        579,484  

TOTAL COMMON STOCKS

(Cost: $71,365,654)

              72,688,561  
EXCHANGE-TRADED FUND – 0.6%

 

United States – 0.6%      
iShares MSCI EAFE Value ETF
(Cost: $467,942)
     8,820        479,808  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5%

 

United States – 4.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $3,358,202)      3,358,202        3,358,202  

TOTAL INVESTMENTS IN SECURITIES – 103.3%

(Cost: $75,191,798)

 

 

     76,526,571  

Other Assets less Liabilities – (3.3)%

 

     (2,497,489
     

 

 

 
NET ASSETS – 100.0%

 

   $ 74,029,082  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $6,139,415 and the total market value of the collateral held by the Fund was $6,505,412. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,147,210.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 72,688,561      $      $      $ 72,688,561  

Exchange-Traded Fund

     479,808                      479,808  

Investment of Cash Collateral for Securities Loaned

            3,358,202               3,358,202  

Total Investments in Securities

   $ 73,168,369      $ 3,358,202      $      $ 76,526,571  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%

 

Australia – 7.6%

 

AGL Energy Ltd.

     26,059      $ 141,787  

ALS Ltd.

     12,427        106,450  

Ampol Ltd.

     14,553        377,781  

ANZ Group Holdings Ltd.

     118,535        2,273,568  

APA Group

     44,866        246,166  

Aristocrat Leisure Ltd.

     7,137        200,216  

AUB Group Ltd.

     3,994        77,493  

Aurizon Holdings Ltd.

     50,838        132,667  

Australian Clinical Labs Ltd.(a)(b)

     34,039        59,737  

Bank of Queensland Ltd.(b)

     28,475        117,407  

Bapcor Ltd.(b)

     19,528        80,390  

Bendigo & Adelaide Bank Ltd.(b)

     44,297        296,218  

BlueScope Steel Ltd.

     11,271        175,374  

Brambles Ltd.

     46,698        492,022  

Brickworks Ltd.

     8,858        164,585  

CAR Group Ltd.

     11,833        278,532  

Centuria Capital Group(b)

     126,018        143,875  

Challenger Ltd.

     16,491        76,495  

Champion Iron Ltd.(b)

     20,400        98,619  

Charter Hall Group(b)

     18,618        167,013  

Cleanaway Waste Management Ltd.

     80,395        142,663  

Cochlear Ltd.

     722        158,983  

Coles Group Ltd.

     60,195        665,254  

Commonwealth Bank of Australia

     52,066        4,087,692  

Computershare Ltd.

     8,978        152,933  

CSL Ltd.

     5,818        1,092,847  

CSR Ltd.

     41,143        236,744  

Dexus(b)

     44,721        230,782  

Eagers Automotive Ltd.(b)

     13,120        121,202  

Endeavour Group Ltd.(b)

     70,815        254,560  

First Resources Ltd.

     99,300        100,801  

Goodman Group

     20,567        453,660  

GPT Group

     81,069        241,705  

GUD Holdings Ltd.(b)

     8,069        62,118  

Harvey Norman Holdings Ltd.(b)

     92,673        311,368  

Helia Group Ltd.

     49,348        125,881  

IDP Education Ltd.(b)

     6,699        78,318  

IGO Ltd.(b)

     34,723        160,159  

Iluka Resources Ltd.

     12,111        56,968  

Incitec Pivot Ltd.

     155,984        294,098  

Insignia Financial Ltd.(b)

     44,527        73,205  

Insurance Australia Group Ltd.

     45,734        190,956  

IPH Ltd.

     21,840        89,907  

IVE Group Ltd.(b)

     44,397        63,143  

JB Hi-Fi Ltd.(b)

     9,807        411,077  

Lottery Corp. Ltd.

     87,745        294,811  

Lovisa Holdings Ltd.(b)

     5,021        109,310  

Macquarie Group Ltd.

     11,740        1,529,537  

McMillan Shakespeare Ltd.

     8,540        109,368  

Medibank Pvt Ltd.

     88,151        216,237  

Metcash Ltd.

     64,173        163,698  

Mineral Resources Ltd.(b)

     4,961        229,375  

Mirvac Group(b)

     129,202      198,928  

Monadelphous Group Ltd.(b)

     8,103        74,961  

MyState Ltd.

     44,573        106,431  

National Australia Bank Ltd.

     115,580        2,612,008  

New Hope Corp. Ltd.

     71,204        216,009  

Nine Entertainment Co. Holdings Ltd.(b)

     137,756        153,681  

Northern Star Resources Ltd.

     16,120        152,176  

NRW Holdings Ltd.

     47,716        91,211  

Orica Ltd.

     11,180        133,185  

Origin Energy Ltd.

     47,839        287,133  

Orora Ltd.

     42,278        75,023  

Pilbara Minerals Ltd.(b)

     142,340        355,664  

Premier Investments Ltd.

     6,333        135,559  

QBE Insurance Group Ltd.

     43,632        516,080  

Qube Holdings Ltd.(b)

     78,355        174,315  

Ramsay Health Care Ltd.(b)

     3,251        119,855  

REA Group Ltd.(b)

     1,520        183,921  

Reece Ltd.(b)

     7,990        146,476  

Reliance Worldwide Corp. Ltd.

     40,232        150,922  

Rio Tinto Ltd.

     15,015        1,192,735  

Rio Tinto PLC

     52,981        3,357,790  

Santos Ltd.

     113,007        571,375  

Scentre Group

     294,606        651,561  

SEEK Ltd.(b)

     8,048        131,525  

Seven Group Holdings Ltd.(b)

     9,009        239,624  

SmartGroup Corp. Ltd.(b)

     14,787        93,673  

Sonic Healthcare Ltd.

     14,050        269,579  

Steadfast Group Ltd.

     36,152        138,683  

Stockland

     113,244        358,320  

Suncorp Group Ltd.

     34,101        364,414  

Super Retail Group Ltd.

     18,479        194,097  

Telstra Group Ltd.

     530,001        1,334,682  

TPG Telecom Ltd.(b)

     47,848        140,784  

Transurban Group

     113,989        990,561  

Treasury Wine Estates Ltd.(b)

     12,899        104,771  

Ventia Services Group Pty. Ltd.

     71,715        180,129  

Vicinity Ltd.

     225,602        313,499  

Viva Energy Group Ltd.(c)

     96,667        233,343  

Waypoint REIT Ltd.

     35,878        59,687  

Wesfarmers Ltd.

     46,033        2,054,184  

Westpac Banking Corp.

     152,489        2,596,528  

Whitehaven Coal Ltd.

     57,203        264,967  

Woodside Energy Group Ltd.

     136,422        2,714,552  

Woolworths Group Ltd.

     23,528        509,148  

Worley Ltd.

     21,762        237,809  

Yancoal Australia Ltd.(b)

     122,709        419,490  
     

 

 

 
Total Australia

 

     43,816,803  
Austria – 0.8%

 

ANDRITZ AG

     4,608        287,650  

BAWAG Group AG*(c)

     4,716        298,976  

CA Immobilien Anlagen AG

     2,975        105,065  

Erste Group Bank AG

     23,575        1,051,539  

Mondi PLC

     17,570        309,735  

Oesterreichische Post AG

     4,172        142,607  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  

OMV AG

     16,052      $ 760,364  

Telekom Austria AG*

     40,336        337,612  

UNIQA Insurance Group AG

     27,003        233,598  

Verbund AG

     5,137        375,874  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     5,581        174,194  

voestalpine AG

     7,384        207,343  

Wienerberger AG

     3,210        117,039  
     

 

 

 
Total Austria

 

     4,401,596  
Belgium – 0.9%

 

Ackermans & van Haaren NV

     574        100,427  

Aedifica SA

     2,776        170,741  

Ageas SA

     13,241        613,768  

Anheuser-Busch InBev SA

     17,082        1,041,606  

Bekaert SA

     2,215        113,725  

bpost SA

     13,564        50,745  

Cofinimmo SA

     746        48,864  

Colruyt Group NV

     2,488        115,059  

D’ieteren Group

     869        192,960  

KBC Group NV

     21,157        1,586,216  

Melexis NV

     1,766        143,332  

Solvay SA(b)

     4,642        126,838  

Tessenderlo Group SA

     3,621        94,834  

UCB SA

     2,841        351,011  

Warehouses De Pauw CVA

     6,807        194,522  

Xior Student Housing NV(a)

     3,508        106,082  
     

 

 

 
Total Belgium

 

     5,050,730  
China – 0.4%

 

BOC Aviation Ltd.(c)

     25,200        194,157  

BOC Hong Kong Holdings Ltd.

     463,444        1,240,556  

CITIC Telecom International Holdings Ltd.

     522,000        168,743  

Prosus NV

     9,909        311,153  

Qingdao Port International Co. Ltd., Class H(b)(c)

     166,000        97,567  

Wilmar International Ltd.

     207,700        527,868  
     

 

 

 
Total China

 

     2,540,044  
Denmark – 1.6%

 

Alm Brand AS

     60,579        115,430  

Carlsberg AS, Class B

     3,704        506,059  

Coloplast AS, Class B

     3,442        464,681  

D/S Norden AS

     4,641        189,094  

Danske Bank AS

     24,305        727,056  

Dfds AS

     3,569        103,559  

DSV AS

     1,312        213,142  

H Lundbeck AS

     20,606        99,114  

Novo Nordisk AS, Class B

     37,793        4,822,554  

Novonesis (Novozymes) B, Class B

     4,883        286,482  

Pandora AS

     2,236        360,823  

Royal Unibrew AS

     8        529  

Scandinavian Tobacco Group AS(c)

     7,325        131,302  

Spar Nord Bank AS

     7,709        128,586  

Sydbank AS

     3,415        176,424  

Topdanmark AS

     3,457        147,660  

Tryg AS

     21,315        438,861  
     

 

 

 
Total Denmark

 

     8,911,356  
Egypt – 0.0%

 

Energean PLC(b)

     17,721      244,680  
Finland – 1.4%

 

Cargotec OYJ, Class B

     2,187        152,464  

Citycon OYJ*(b)

     24,087        99,529  

Elisa OYJ

     9,873        440,908  

Huhtamaki OYJ(b)

     1,721        72,173  

Kemira OYJ

     6,638        125,602  

Kesko OYJ, Class B

     16,460        307,805  

Kone OYJ, Class B

     13,434        625,906  

Konecranes OYJ

     4,397        228,463  

Metsa Board OYJ, Class B(b)

     20,444        154,998  

Metso OYJ(b)

     18,385        218,513  

Nokia OYJ

     123,938        440,510  

Nordea Bank Abp(b)

     280,843        3,130,809  

Orion OYJ, Class B

     3,545        132,355  

Outokumpu OYJ(b)

     23,691        103,113  

Sampo OYJ, Class A

     14,506        619,061  

TietoEVRY OYJ(b)

     5,991        126,882  

UPM-Kymmene OYJ

     17,487        583,009  

Valmet OYJ(b)

     9,776        257,512  

Wartsila OYJ Abp(b)

     12,343        187,826  
     

 

 

 
Total Finland

 

     8,007,438  
France – 12.4%

 

Accor SA

     5,350        250,187  

Aeroports de Paris SA

     2,458        337,405  

Air Liquide SA

     9,526        1,983,953  

Airbus SE

     7,080        1,305,393  

Alten SA

     719        104,986  

Amundi SA(c)

     11,316        777,884  

Antin Infrastructure Partners SA

     7,441        108,008  

Arkema SA

     2,427        255,668  

AXA SA

     135,116        5,080,388  

BioMerieux

     1,122        123,902  

BNP Paribas SA

     59,290        4,217,226  

Bollore SE

     36,401        243,348  

Bouygues SA

     15,221        621,875  

Bureau Veritas SA

     17,357        530,124  

Capgemini SE

     2,346        540,434  

Carrefour SA

     17,183        294,603  

Cie de Saint-Gobain SA

     14,364        1,115,859  

Cie Generale des Etablissements Michelin SCA

     32,758        1,256,649  

Coface SA

     19,232        304,289  

Credit Agricole SA

     183,440        2,737,159  

Danone SA

     24,770        1,602,153  

Dassault Aviation SA

     903        198,949  

Dassault Systemes SE

     6,144        272,322  

Edenred SE

     4,297        229,532  

Eiffage SA

     4,679        531,357  

Eramet SA(b)

     1,263        96,097  

EssilorLuxottica SA

     6,043        1,368,594  

Eurazeo SE

     2,647        232,274  

Gaztransport & Technigaz SA(b)

     1,473        220,331  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Gecina SA

     3,095      $ 316,377  

Getlink SE

     20,242        344,972  

Hermes International SCA

     782        1,998,229  

Imerys SA

     4,438        151,364  

Interparfums SA

     2,960        166,873  

Ipsen SA

     965        114,955  

IPSOS SA

     2,796        197,336  

Kering SA

     3,105        1,228,518  

Klepierre SA(b)

     16,185        419,515  

L’Oreal SA

     8,490        4,022,069  

La Francaise des Jeux SAEM(c)

     7,656        312,383  

Legrand SA

     6,525        692,156  

LVMH Moet Hennessy Louis Vuitton SE

     6,339        5,707,610  

Metropole Television SA

     8,396        125,315  

Nexans SA

     1,369        143,269  

Orange SA

     109,543        1,288,120  

Pernod Ricard SA

     4,952        801,957  

Publicis Groupe SA

     10,589        1,155,620  

Remy Cointreau SA

     745        75,182  

Rexel SA

     21,304        575,898  

Rubis SCA

     11,631        411,263  

Safran SA

     4,039        916,263  

Sanofi SA

     36,649        3,600,280  

Schneider Electric SE

     13,168        2,981,525  

SCOR SE

     6,272        217,234  

SEB SA

     1,116        142,946  

Societe BIC SA

     1,635        116,896  

Societe Generale SA

     44,604        1,195,155  

Sodexo SA

     2,397        205,755  

Sopra Steria Group

     664        160,922  

SPIE SA

     5,547        208,598  

Teleperformance SE

     1,353        131,628  

Television Francaise 1 SA(b)

     15,370        140,599  

Thales SA

     3,195        545,367  

TotalEnergies SE(b)

     122,834        8,419,975  

Valeo SE

     6,088        76,205  

Veolia Environnement SA

     33,201        1,080,374  

Verallia SA(c)

     5,422        211,042  

Vinci SA

     23,885        3,063,509  

Vivendi SE

     30,178        329,182  

Wendel SE

     1,952        199,432  
     

 

 

 
Total France

 

     71,132,817  
Georgia – 0.1%

 

Bank of Georgia Group PLC

     4,150        264,746  
Germany – 9.1%

 

Allianz SE, Registered Shares

     20,499        6,150,191  

Aurubis AG

     563        39,632  

Bayer AG, Registered Shares

     37,670        1,156,635  

Bayerische Motoren Werke AG

     58,761        6,787,882  

Beiersdorf AG

     1,442        210,166  

Bilfinger SE

     2,753        128,741  

Brenntag SE

     3,641        307,032  

Carl Zeiss Meditec AG, Bearer Shares

     1,574        196,851  

Commerzbank AG

     16,925      232,692  

Continental AG

     3,819        275,930  

CTS Eventim AG & Co. KGaA

     2,236        199,107  

Daimler Truck Holding AG

     25,651        1,300,937  

Dermapharm Holding SE

     2,387        84,145  

Deutsche Bank AG, Registered Shares

     37,971        597,989  

Deutsche Boerse AG

     2,769        567,152  

Deutsche Post AG, Registered Shares

     43,643        1,881,371  

Deutsche Telekom AG, Registered Shares

     176,742        4,294,830  

Deutz AG

     23,653        150,334  

DWS Group GmbH & Co. KGaA(c)

     10,140        446,590  

E.ON SE

     122,515        1,704,894  

Evonik Industries AG

     18,328        362,729  

Fielmann Group AG

     727        33,416  

Freenet AG

     8,518        239,921  

Fresenius Medical Care AG

     7,756        298,621  

GEA Group AG

     2,664        112,754  

Hamborner REIT AG

     15,719        116,459  

Hannover Rueck SE

     3,699        1,013,511  

Heidelberg Materials AG

     7,227        795,736  

Henkel AG & Co. KGaA

     5,478        394,968  

HochTief AG

     3,531        410,712  

Infineon Technologies AG

     10,440        355,338  

K&S AG, Registered Shares

     8,891        138,849  

Kloeckner & Co. SE

     12,815        93,421  

Knorr-Bremse AG

     3,412        258,316  

Lanxess AG

     4,383        117,442  

Mercedes-Benz Group AG

     69,196        5,515,945  

Merck KGaA

     1,402        247,717  

MTU Aero Engines AG

     729        185,178  

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares

     3,974        1,941,235  

Mutares SE & Co. KGaA

     2,725        108,597  

Puma SE

     2,679        121,577  

Rheinmetall AG

     613        344,923  

RWE AG

     11,705        397,698  

SAP SE

     13,810        2,691,525  

Siemens AG, Registered Shares

     28,714        5,487,727  

Siemens Healthineers AG*(c)

     16,618        1,017,979  

Siltronic AG

     1,452        128,903  

Sixt SE

     1,136        113,425  

Stroeer SE & Co. KGaA

     3,419        208,258  

Suedzucker AG

     8,820        126,595  

Symrise AG

     1,508        180,698  

Talanx AG

     8,920        707,106  

thyssenkrupp AG

     12,683        68,132  

Traton SE

     12,848        462,620  

United Internet AG, Registered Shares

     2,421        54,542  

Vonovia SE

     22,960        679,432  

Wacker Neuson SE

     3,526        65,347  
     

 

 

 
Total Germany

 

     52,310,453  
Hong Kong – 1.5%

 

AIA Group Ltd.

     164,365        1,103,614  

Bank of East Asia Ltd.

     114,600        136,470  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  

CLP Holdings Ltd.

     90,500      $ 720,975  

Dah Sing Financial Holdings Ltd.

     50,400        115,786  

Hang Lung Group Ltd.

     106,000        122,030  

Hang Seng Bank Ltd.

     68,800        752,924  

Hong Kong & China Gas Co. Ltd.

     701,570        531,570  

Hong Kong Exchanges & Clearing Ltd.

     23,229        676,113  

Kowloon Development Co. Ltd.

     106,000        65,146  

Link REIT

     109,073        468,962  

MTR Corp. Ltd.

     176,053        580,361  

Power Assets Holdings Ltd.

     120,000        702,234  

Sun Hung Kai Properties Ltd.

     112,500        1,084,543  

Swire Pacific Ltd., Class A

     44,500        366,169  

Swire Pacific Ltd., Class B

     207,500        270,429  

Swire Properties Ltd.

     224,600        471,788  

Techtronic Industries Co. Ltd.

     37,000        501,594  
     

 

 

 
Total Hong Kong

 

     8,670,708  
Indonesia – 0.0%

 

Bumitama Agri Ltd.

     246,700        125,215  
Ireland – 0.5%      

AIB Group PLC

     37,997        193,037  

Bank of Ireland Group PLC

     19,528        199,303  

CRH PLC

     18,357        1,583,377  

Glanbia PLC

     9,273        183,071  

Kenmare Resources PLC

     16,976        70,018  

Kerry Group PLC, Class A

     1,348        115,652  

Kingspan Group PLC

     1,390        126,791  

Smurfit Kappa Group PLC

     7,788        355,535  
     

 

 

 
Total Ireland

 

     2,826,784  
Israel – 0.8%

 

Amot Investments Ltd.

     40,900        194,470  

Ashtrom Group Ltd.*

     4,883        72,531  

Azrieli Group Ltd.

     4,340        314,510  

Bank Hapoalim BM

     61,905        582,603  

Bank Leumi Le-Israel BM

     46,927        391,560  

Bezeq The Israeli Telecommunication Corp. Ltd.

     111,707        144,158  

Delek Group Ltd.

     1,594        209,230  

Elbit Systems Ltd.

     675        141,515  

FIBI Holdings Ltd.

     3,659        163,989  

First International Bank of Israel Ltd.

     7,617        318,094  

Gav-Yam Lands Corp. Ltd.

     19,055        145,733  

Harel Insurance Investments & Financial Services Ltd.*

     9,427        91,061  

ICL Group Ltd.

     106,951        567,494  

Israel Discount Bank Ltd., Class A

     65,099        338,137  

Mivne Real Estate KD Ltd.

     41,157        102,002  

Mizrahi Tefahot Bank Ltd.

     11,563        435,226  

Newmed Energy LP

     50,616        129,562  

Oil Refineries Ltd.

     379,252        126,290  

Phoenix Holdings Ltd.

     11,207        112,324  

Plus500 Ltd.

     7,557        172,312  
     

 

 

 
Total Israel

 

     4,752,801  
Italy – 4.4%

 

A2A SpA

     176,607        319,196  

ACEA SpA

     12,120      214,931  

Amplifon SpA(b)

     2,152        78,557  

Anima Holding SpA(c)

     20,189        95,938  

Assicurazioni Generali SpA

     93,964        2,380,747  

Azimut Holding SpA

     7,384        200,803  

Banca Generali SpA

     4,480        178,150  

Banca IFIS SpA

     5,703        111,790  

Banca Mediolanum SpA

     50,420        554,338  

Banca Popolare di Sondrio SpA

     21,489        161,064  

Banco BPM SpA

     70,268        468,086  

BPER Banca

     46,363        219,316  

Brembo SpA

     11,467        147,002  

Credito Emiliano SpA

     31,156        311,921  

De’ Longhi SpA

     2,312        80,053  

DiaSorin SpA(b)

     293        28,321  

Enav SpA(c)

     38,012        159,285  

Enel SpA

     711,776        4,703,786  

Eni SpA(b)

     136,373        2,157,399  

ERG SpA(b)

     7,784        195,708  

Ferrari NV

     1,349        588,596  

FinecoBank Banca Fineco SpA(b)

     20,092        301,296  

Hera SpA

     58,908        207,785  

Infrastrutture Wireless Italiane SpA(b)(c)

     27,233        309,705  

Intesa Sanpaolo SpA

     809,166        2,938,923  

Iren SpA

     73,104        149,536  

Italgas SpA

     65,611        382,643  

Mediobanca Banca di Credito Finanziario SpA

     48,543        724,009  

Moncler SpA

     4,687        350,186  

Piaggio & C SpA

     38,518        121,970  

Poste Italiane SpA(b)(c)

     88,076        1,103,892  

PRADA SpA

     33,800        267,759  

Prysmian SpA

     5,092        266,114  

Recordati Industria Chimica & Farmaceutica SpA

     5,740        317,647  

Saras SpA

     80,360        153,790  

Snam SpA(b)

     142,917        675,437  

Technogym SpA(c)

     12,901        128,184  

Terna – Rete Elettrica Nazionale

     59,121        489,096  

UniCredit SpA

     52,781        2,005,097  

Unieuro SpA(c)

     2,751        26,249  

Unipol Gruppo SpA

     33,445        280,513  

UnipolSai Assicurazioni SpA

     109,746        318,123  

Zignago Vetro SpA

     8,246        118,089  
     

 

 

 
Total Italy

 

     24,991,030  
Japan – 18.9%

 

77 Bank Ltd.

     5,500        150,633  

ABC-Mart, Inc.

     4,200        80,437  

ADEKA Corp.

     7,600        161,898  

Advantest Corp.

     5,100        229,786  

Aeon Co. Ltd.

     10,300        244,663  

Aeon Delight Co. Ltd.

     1,400        32,746  

AGC, Inc.

     6,300        230,113  

Air Water, Inc.

     10,400        164,578  

Aisin Corp.

     7,100        291,844  

Ajinomoto Co., Inc.

     7,600        284,225  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Amada Co. Ltd.(b)

     15,900      $ 180,542  

Amano Corp.

     4,800        122,803  

ARE Holdings, Inc.(b)

     6,000        76,593  

Asahi Group Holdings Ltd.

     8,200        302,438  

Asahi Kasei Corp.

     35,373        259,901  

Astellas Pharma, Inc.

     46,200        501,699  

Azbil Corp.(b)

     1,000        27,712  

Bandai Namco Holdings, Inc.

     14,200        265,338  

Bridgestone Corp.

     24,800        1,090,679  

Canon Marketing Japan, Inc.

     4,200        124,547  

Canon, Inc.

     32,600        969,524  

Capcom Co. Ltd.

     2,000        36,936  

Casio Computer Co. Ltd.(b)

     10,800        92,483  

Central Japan Railway Co.

     4,500        110,787  

Chiba Bank Ltd.

     20,300        169,206  

Chubu Electric Power Co., Inc.

     25,000        328,554  

Chugai Pharmaceutical Co. Ltd.

     22,900        873,664  

Citizen Watch Co. Ltd.(b)

     16,100        105,422  

CKD Corp.(b)

     2,000        39,843  

COMSYS Holdings Corp.

     5,300        124,249  

Concordia Financial Group Ltd.

     32,400        164,799  

Cosmo Energy Holdings Co. Ltd.(b)

     3,500        177,492  

Dai-ichi Life Holdings, Inc.

     19,133        487,095  

Daicel Corp.

     10,400        104,038  

Daido Steel Co. Ltd.

     18,600        223,244  

Daifuku Co. Ltd.

     6,400        151,558  

Daiichi Sankyo Co. Ltd.

     10,800        340,887  

Daiichikosho Co. Ltd.

     3,100        39,706  

Daikin Industries Ltd.(b)

     3,200        435,561  

Daishi Hokuetsu Financial Group, Inc.(b)

     6,400        188,602  

Daito Trust Construction Co. Ltd.

     2,100        242,129  

Daiwa House Industry Co. Ltd.

     19,800        592,384  

Daiwa Securities Group, Inc.

     41,600        316,374  

DCM Holdings Co. Ltd.

     10,600        103,447  

Denka Co. Ltd.(b)

     1,900        29,458  

Denso Corp.

     72,700        1,384,876  

Dentsu Group, Inc.

     7,000        194,027  

Dentsu Soken, Inc.

     2,600        86,240  

Disco Corp.

     1,400        529,030  

DMG Mori Co. Ltd.(b)

     7,800        209,347  

Doutor Nichires Holdings Co. Ltd.

     9,900        136,060  

Dowa Holdings Co. Ltd.(b)

     2,100        73,943  

East Japan Railway Co.

     9,000        173,584  

Ebara Corp.

     3,200        291,572  

EDION Corp.(b)

     10,300        105,351  

Electric Power Development Co. Ltd.

     8,500        140,183  

ENEOS Holdings, Inc.

     79,700        385,111  

Exedy Corp.(b)

     10,600        214,318  

FANUC Corp.

     16,800        464,555  

Fast Retailing Co. Ltd.

     2,400        747,537  

Fuji Electric Co. Ltd.

     3,300        223,496  

FUJIFILM Holdings Corp.

     21,000        467,607  

Fujikura Ltd.

     13,100        197,177  

Fujitec Co. Ltd.(b)

     5,300        132,828  

Fujitsu Ltd.(b)

     26,000      427,764  

Fukuoka Financial Group, Inc.(b)

     5,900        157,728  

Furuya Metal Co. Ltd.

     300        22,478  

G-Tekt Corp.

     9,600        134,030  

GS Yuasa Corp.(b)

     3,000        62,361  

Gunze Ltd.

     5,200        189,659  

Hachijuni Bank Ltd.

     25,200        173,167  

Hakuhodo DY Holdings, Inc.(b)

     9,400        86,053  

Hamamatsu Photonics KK

     2,700        95,498  

Hankyu Hanshin Holdings, Inc.

     3,300        95,896  

Haseko Corp.(b)

     22,900        286,884  

Heiwa Corp.

     8,600        113,989  

Hioki EE Corp.(b)

     2,000        95,675  

Hirose Electric Co. Ltd.

     700        71,621  

Hitachi Construction Machinery Co. Ltd.

     6,700        200,055  

Hitachi Ltd.

     15,700        1,442,456  

Honda Motor Co. Ltd.

     107,500        1,343,173  

Horiba Ltd.

     2,000        211,834  

Hoya Corp.

     3,100        383,851  

HU Group Holdings, Inc.(b)

     1,900        30,670  

Hulic Co. Ltd.

     15,200        157,830  

Ichibanya Co. Ltd.

     18,200        144,426  

Idemitsu Kosan Co. Ltd.

     35,955        247,548  

IHI Corp.(b)

     5,100        138,127  

Iida Group Holdings Co. Ltd.(b)

     5,000        65,859  

Iino Kaiun Kaisha Ltd.(b)

     12,800        103,689  

INFRONEER Holdings, Inc.(b)

     11,700        111,592  

Inpex Corp.

     44,500        688,178  

Isetan Mitsukoshi Holdings Ltd.(b)

     5,200        85,708  

Isuzu Motors Ltd.(b)

     27,100        367,971  

ITOCHU Corp.(b)

     36,300        1,550,866  

IwaiCosmo Holdings, Inc.(b)

     17,700        262,088  

Izumi Co. Ltd.

     900        20,879  

Japan Airlines Co. Ltd.

     10,000        192,772  

Japan Exchange Group, Inc.

     10,800        293,290  

Japan Post Holdings Co. Ltd.

     126,400        1,279,493  

Japan Post Insurance Co. Ltd.(b)

     9,000        172,781  

Japan Tobacco, Inc.

     108,844        2,915,548  

JFE Holdings, Inc.(b)

     17,200        288,665  

Joshin Denki Co. Ltd.(b)

     10,100        155,359  

JTEKT Corp.

     14,700        138,700  

K’s Holdings Corp.(b)

     10,600        93,817  

Kaga Electronics Co. Ltd.(b)

     2,100        88,526  

Kajima Corp.

     14,900        307,756  

Kakaku.com, Inc.

     9,000        111,887  

Kamigumi Co. Ltd.(b)

     8,400        186,432  

Kaneka Corp.

     3,800        95,763  

Kansai Electric Power Co., Inc.

     18,605        269,772  

Kao Corp.

     10,200        379,977  

Kawasaki Heavy Industries Ltd.(b)

     4,600        154,919  

KDDI Corp.

     51,100        1,513,299  

Keyence Corp.

     1,100        505,428  

Kikkoman Corp.

     8,000        104,080  

Kintetsu Group Holdings Co. Ltd.(b)

     3,400        100,015  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Kirin Holdings Co. Ltd.

     17,900      $ 248,136  

Kobayashi Pharmaceutical Co. Ltd.

     2,200        74,063  

Kobe Steel Ltd.(b)

     20,400        277,131  

Koei Tecmo Holdings Co. Ltd.(b)

     7,600        81,351  

Komatsu Ltd.

     44,600        1,303,418  

Konami Group Corp.

     2,800        189,910  

Kose Corp.

     1,300        68,451  

Kubota Corp.

     20,400        321,343  

Kurabo Industries Ltd.

     2,500        57,815  

Kuraray Co. Ltd.

     13,400        145,338  

KYB Corp.(b)

     3,600        122,977  

Kyowa Kirin Co. Ltd.

     9,600        170,662  

Kyudenko Corp.

     4,100        172,539  

Kyushu Financial Group, Inc.

     16,000        120,731  

Kyushu Railway Co.

     8,000        187,281  

Lawson, Inc.

     2,300        157,062  

Lintec Corp.

     7,800        163,117  

M3, Inc.

     7,800        110,136  

Macnica Holdings, Inc.(b)

     2,500        122,716  

Marubeni Corp.

     70,300        1,221,175  

Marui Group Co. Ltd.(b)

     7,200        116,341  

Mazda Motor Corp.

     21,500        249,386  

Medipal Holdings Corp.

     6,700        102,706  

MEIJI Holdings Co. Ltd.

     6,400        143,185  

MEITEC Group Holdings, Inc.

     6,800        134,207  

Minebea Mitsumi, Inc.

     6,700        130,640  

Mitsubishi Chemical Group Corp.

     47,100        285,068  

Mitsubishi Corp.

     137,200        3,161,098  

Mitsubishi Electric Corp.

     40,800        677,192  

Mitsubishi Estate Co. Ltd.

     20,100        369,807  

Mitsubishi Gas Chemical Co., Inc.(b)

     10,100        172,844  

Mitsubishi Heavy Industries Ltd.

     60,000        574,251  

Mitsubishi Logistics Corp.

     3,700        121,626  

Mitsubishi Materials Corp.(b)

     3,000        57,831  

Mitsubishi Shokuhin Co. Ltd.

     3,100        115,115  

Mitsubishi UFJ Financial Group, Inc.

     383,500        3,945,353  

Mitsuboshi Belting Ltd.(b)

     3,700        114,170  

Mitsui Chemicals, Inc.(b)

     5,900        168,839  

Mitsui Fudosan Co. Ltd.

     38,700        421,278  

Mitsui High-Tec, Inc.

     500        28,818  

Mitsui Mining & Smelting Co. Ltd.(b)

     2,000        62,202  

Miura Co. Ltd.

     4,500        86,985  

Mizuho Financial Group, Inc.(b)

     86,230        1,735,482  

Mizuho Medy Co. Ltd.(b)

     3,000        66,702  

Mizuno Corp.

     2,400        100,856  

MS&AD Insurance Group Holdings, Inc.

     44,790        802,311  

Murata Manufacturing Co. Ltd.

     24,200        451,556  

Musashi Seimitsu Industry Co. Ltd.

     3,500        38,967  

Nabtesco Corp.

     2,000        33,830  

NEC Corp.

     4,300        312,247  

NGK Insulators Ltd.

     4,900        66,048  

NHK Spring Co. Ltd.

     15,500        153,315  

Nichirei Corp.

     5,500        150,560  

Nikkon Holdings Co. Ltd.(b)

     6,300        122,986  

Nikon Corp.(b)

     9,000      91,044  

Nintendo Co. Ltd.

     25,900        1,402,599  

Nippon Denko Co. Ltd.

     22,200        47,966  

Nippon Electric Glass Co. Ltd.

     8,300        212,347  

Nippon Express Holdings, Inc.

     3,900        199,245  

Nippon Gas Co. Ltd.

     7,900        134,124  

Nippon Kayaku Co. Ltd.

     16,400        141,520  

Nippon Light Metal Holdings Co. Ltd.

     7,900        94,949  

Nippon Paint Holdings Co. Ltd.

     23,200        164,559  

Nippon Shinyaku Co. Ltd.

     2,300        67,931  

Nippon Steel Corp.(b)

     51,500        1,248,155  

Nippon Telegraph & Telephone Corp.

     1,805,000        2,144,366  

Nishi-Nippon Financial Holdings, Inc.

     5,500        69,629  

Nishimatsu Construction Co. Ltd.(b)

     4,600        135,710  

Nissan Chemical Corp.

     3,400        128,613  

Nissan Motor Co. Ltd.(b)

     56,400        226,688  

Nisshin Oillio Group Ltd.

     3,300        112,293  

Nisshin Seifun Group, Inc.

     9,500        131,787  

Nisshinbo Holdings, Inc.

     19,200        156,295  

Nissin Foods Holdings Co. Ltd.(b)

     5,400        149,856  

Niterra Co. Ltd.(b)

     12,800        429,979  

Nitto Denko Corp.

     5,000        455,251  

Noevir Holdings Co. Ltd.

     500        17,278  

NOF Corp.

     12,900        177,759  

Nomura Holdings, Inc.

     75,000        484,456  

Nomura Real Estate Holdings, Inc.

     10,500        305,263  

Nomura Research Institute Ltd.

     10,600        297,174  

Noritake Co. Ltd.

     6,800        192,752  

NSK Ltd.

     18,000        105,102  

Obayashi Corp.

     15,500        190,748  

Obic Co. Ltd.

     600        90,290  

Oji Holdings Corp.(b)

     22,600        95,256  

Okamura Corp.

     9,800        146,989  

Oki Electric Industry Co. Ltd.(b)

     17,200        131,149  

OKUMA Corp.(b)

     2,200        103,484  

Okuwa Co. Ltd.(b)

     17,200        112,738  

Olympus Corp.

     8,800        128,647  

Omron Corp.

     3,600        128,710  

Ono Pharmaceutical Co. Ltd.(b)

     11,700        189,750  

Open House Group Co. Ltd.

     2,900        94,830  

Oracle Corp.

     3,400        257,339  

Oriental Land Co. Ltd.

     4,000        128,158  

Osaka Gas Co. Ltd.

     9,100        203,953  

OSG Corp.

     8,900        128,609  

Otsuka Corp.

     10,000        211,239  

Otsuka Holdings Co. Ltd.

     10,100        421,098  

Panasonic Holdings Corp.

     41,300        394,457  

Penta-Ocean Construction Co. Ltd.

     16,400        84,186  

Persol Holdings Co. Ltd.

     96,000        135,426  

Pigeon Corp.

     9,900        95,078  

Pola Orbis Holdings, Inc.

     6,300        60,421  

Recruit Holdings Co. Ltd.

     9,200        407,707  

Resona Holdings, Inc.

     49,000        307,673  

Resonac Holdings Corp.

     5,300        126,980  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Ricoh Co. Ltd.

     10,400      $ 92,871  

Rohm Co. Ltd.

     4,800        77,021  

San-In Godo Bank Ltd.

     19,600        156,313  

Sankyo Co. Ltd.

     18,700        206,837  

Santen Pharmaceutical Co. Ltd.

     10,100        102,538  

Sanwa Holdings Corp.

     11,500        203,717  

SBI Holdings, Inc.

     13,000        339,377  

SCREEN Holdings Co. Ltd.(b)

     2,900        382,560  

SCSK Corp.

     9,500        178,111  

Secom Co. Ltd.

     4,500        325,878  

Sega Sammy Holdings, Inc.

     10,600        140,988  

Seiko Epson Corp.(b)

     10,100        176,547  

Sekisui Chemical Co. Ltd.

     12,200        179,762  

Sekisui House Ltd.

     17,600        408,761  

Senko Group Holdings Co. Ltd.(b)

     10,500        79,576  

Seria Co. Ltd.

     7,900        157,118  

Seven & i Holdings Co. Ltd.

     38,700        564,090  

SG Holdings Co. Ltd.

     10,300        129,511  

Shibusawa Warehouse Co. Ltd.

     10,400        212,680  

Shiga Bank Ltd.

     4,300        119,188  

Shimadzu Corp.

     5,800        162,106  

Shimano, Inc.

     800        120,784  

Shin-Etsu Chemical Co. Ltd.

     49,900        2,170,812  

Shionogi & Co. Ltd.

     7,000        358,453  

Shiseido Co. Ltd.

     4,100        110,881  

SMC Corp.

     600        336,304  

Sodick Co. Ltd.

     19,100        90,991  

SoftBank Corp.(b)

     163,500        2,107,691  

Sojitz Corp.(b)

     14,100        371,447  

Sompo Holdings, Inc.

     30,300        638,653  

Sony Group Corp.

     5,900        506,204  

St. Marc Holdings Co. Ltd.(b)

     11,800        169,346  

Starts Corp., Inc.

     6,000        135,188  

Subaru Corp.

     24,500        558,168  

SUMCO Corp.(b)

     8,200        130,413  

Sumitomo Bakelite Co. Ltd.

     5,600        171,243  

Sumitomo Corp.

     54,800        1,322,340  

Sumitomo Electric Industries Ltd.

     21,000        325,729  

Sumitomo Forestry Co. Ltd.

     7,900        256,504  

Sumitomo Heavy Industries Ltd.

     3,600        112,297  

Sumitomo Mitsui Financial Group, Inc.

     31,500        1,854,263  

Sumitomo Mitsui Trust Holdings, Inc.

     23,614        516,139  

Sumitomo Realty & Development Co. Ltd.

     7,400        283,444  

Sumitomo Rubber Industries Ltd.

     6,700        83,139  

Sun Frontier Fudousan Co. Ltd.

     16,500        213,793  

Sundrug Co. Ltd.

     4,800        148,017  

Suzuki Motor Corp.(b)

     34,000        390,558  

Sysmex Corp.

     7,800        137,168  

T&D Holdings, Inc.

     11,500        197,372  

Taiheiyo Cement Corp.

     5,400        125,558  

Taisei Corp.

     6,200        230,229  

Taiyo Yuden Co. Ltd.(b)

     3,100        74,251  

Takara Holdings, Inc.(b)

     16,700        118,123  

Takara Standard Co. Ltd.(b)

     11,300        145,819  

Takashimaya Co. Ltd.

     13,800      222,622  

Takeda Pharmaceutical Co. Ltd.(b)

     47,300        1,307,630  

TDK Corp.

     6,400        316,353  

Teijin Ltd.

     6,600        61,489  

Terumo Corp.

     14,600        263,262  

TIS, Inc.

     5,400        117,352  

Tobu Railway Co. Ltd.

     3,800        94,934  

Tocalo Co. Ltd.

     12,800        151,389  

Toda Corp.

     15,800        106,746  

Toho Co. Ltd.

     1,900        62,118  

Tokio Marine Holdings, Inc.

     46,600        1,448,081  

Tokuyama Corp.

     9,900        177,598  

Tokyo Electron Ltd.

     7,200        1,882,480  

Tokyo Gas Co. Ltd.

     9,900        229,667  

Tokyo Ohka Kogyo Co. Ltd.

     3,600        108,919  

Tokyo Seimitsu Co. Ltd.

     2,300        185,024  

Tokyo Steel Manufacturing Co. Ltd.(b)

     4,300        47,277  

Tokyo Tatemono Co. Ltd.

     6,200        107,802  

Tokyu Corp.(b)

     8,400        102,346  

Tokyu Fudosan Holdings Corp.

     16,800        138,589  

Toray Industries, Inc.

     22,900        111,985  

Tosoh Corp.(b)

     15,400        209,817  

Toyo Seikan Group Holdings Ltd.

     12,200        196,569  

Toyo Suisan Kaisha Ltd.

     1,400        87,647  

Toyo Tire Corp.

     7,000        130,801  

Toyoda Gosei Co. Ltd.(b)

     6,300        135,079  

Toyota Boshoku Corp.

     3,100        52,621  

Toyota Motor Corp.

     279,650        7,006,725  

Toyota Tsusho Corp.

     10,600        718,947  

Transcosmos, Inc.(b)

     4,000        82,989  

Trend Micro, Inc.(b)

     3,100        160,402  

Tsumura & Co.

     3,200        80,833  

Tsuruha Holdings, Inc.

     600        42,658  

UBE Corp.(b)

     7,400        133,312  

Ulvac, Inc.

     900        58,628  

Unicharm Corp.

     4,700        150,119  

USS Co. Ltd.

     23,400        195,200  

Wacoal Holdings Corp.

     5,900        144,786  

Welcia Holdings Co. Ltd.

     5,300        89,807  

West Japan Railway Co.

     6,000        124,365  

Yakult Honsha Co. Ltd.(b)

     7,400        152,503  

Yamada Holdings Co. Ltd.

     23,500        68,507  

Yamaguchi Financial Group, Inc.

     14,500        149,316  

Yamaha Motor Co. Ltd.

     33,800        317,911  

Yamato Holdings Co. Ltd.

     7,300        104,089  

Yaskawa Electric Corp.

     3,800        159,261  

Yokogawa Electric Corp.

     6,600        152,370  

Yokohama Rubber Co. Ltd.

     6,000        159,609  

Yondoshi Holdings, Inc.(b)

     10,600        131,042  

ZOZO, Inc.(b)

     5,500        138,313  
     

 

 

 
Total Japan

 

     108,318,860  
Jersey – 0.0%

 

Ithaca Energy PLC

     139,275        233,999  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  
Jordan – 0.0%

 

Hikma Pharmaceuticals PLC

     7,974      $ 193,253  
Netherlands – 2.7%

 

Aalberts NV

     3,830        184,442  

Aegon Ltd.(b)

     70,103        427,769  

Akzo Nobel NV

     4,032        301,248  

ASM International NV

     228        139,347  

ASML Holding NV

     2,854        2,750,046  

BE Semiconductor Industries NV

     2,803        429,565  

CTP NV(c)

     10,913        194,705  

Euronext NV(c)

     2,588        246,523  

Ferrovial SE

     15,259        604,476  

Heineken Holding NV

     5,983        483,331  

Heineken NV(b)

     8,538        823,808  

IMCD NV

     1,198        211,349  

ING Groep NV, Series N

     220,144        3,624,820  

JDE Peet’s NV

     9,026        189,698  

Koninklijke Ahold Delhaize NV

     38,857        1,163,285  

Koninklijke Heijmans NV

     7,434        137,773  

Koninklijke KPN NV

     196,428        735,285  

Koninklijke Vopak NV

     5,995        231,337  

Randstad NV(b)

     6,281        331,848  

RHI Magnesita NV

     3,426        152,861  

SBM Offshore NV(b)

     11,887        189,873  

Signify NV(c)

     4,247        131,090  

Universal Music Group NV(b)

     27,093        815,781  

Wolters Kluwer NV

     4,644        728,253  
     

 

 

 
Total Netherlands

 

     15,228,513  
Norway – 1.7%

 

Aker ASA, Class A

     3,661        210,408  

Aker BP ASA

     35,212        875,707  

Atea ASA*

     6,685        79,984  

Austevoll Seafood ASA

     13,062        102,583  

DNB Bank ASA

     101,487        2,012,228  

DNO ASA

     109,065        98,020  

Equinor ASA

     68,744        1,814,822  

Gjensidige Forsikring ASA

     15,092        218,688  

Hoegh Autoliners ASA

     23,074        196,101  

Kongsberg Gruppen ASA

     5,534        382,329  

Leroy Seafood Group ASA

     26,652        117,333  

Mowi ASA

     14,269        261,676  

MPC Container Ships ASA

     61,332        70,923  

Orkla ASA

     31,426        221,720  

Protector Forsikring ASA

     6,765        141,553  

Rana Gruber ASA

     13,648        99,134  

SpareBank 1 Nord Norge

     19,827        174,719  

SpareBank 1 Oestlandet

     8,153        93,490  

SpareBank 1 SR-Bank ASA

     20,189        253,093  

Sparebanken Vest

     11,920        127,896  

Storebrand ASA

     15,191        140,027  

Telenor ASA

     82,524        918,531  

Var Energi ASA

     182,291        599,033  

Veidekke ASA

     11,764        127,957  

Wallenius Wilhelmsen ASA

     46,148      375,825  
     

 

 

 
Total Norway

 

     9,713,780  
Portugal – 0.4%

 

Altri SGPS SA(b)

     18,374        103,784  

EDP – Energias de Portugal SA

     125,391        488,874  

Galp Energia SGPS SA

     22,227        367,639  

Jeronimo Martins SGPS SA

     11,385        225,997  

Navigator Co. SA

     87,508        382,760  

NOS SGPS SA(b)

     38,632        151,286  

REN – Redes Energeticas Nacionais SGPS SA

     62,490        148,476  

Semapa-Sociedade de Investimento & Gestao

     11,905        191,575  

Sonae SGPS SA

     136,532        129,760  
     

 

 

 
Total Portugal

 

     2,190,151  
Singapore – 2.3%

 

CapitaLand Investment Ltd.

     149,000        295,880  

City Developments Ltd.(b)

     24,900        107,932  

ComfortDelGro Corp. Ltd.

     127,400        132,158  

DBS Group Holdings Ltd.

     126,276        3,371,165  

Genting Singapore Ltd.

     321,300        210,692  

Keppel Infrastructure Trust

     370,320        135,824  

Keppel Ltd.

     104,500        568,339  

Netlink NBN Trust(a)

     348,000        220,465  

Oversea-Chinese Banking Corp. Ltd.

     259,795        2,596,795  

Raffles Medical Group Ltd.

     119,500        92,086  

Sembcorp Industries Ltd.

     39,100        156,446  

Sheng Siong Group Ltd.

     165,900        188,076  

Singapore Airlines Ltd.(b)

     197,500        936,574  

Singapore Exchange Ltd.

     50,800        346,672  

Singapore Technologies Engineering Ltd.

     95,426        284,242  

Singapore Telecommunications Ltd.

     713,700        1,337,923  

United Overseas Bank Ltd.

     94,901        2,061,017  

Venture Corp. Ltd.(b)

     21,900        231,560  

Wing Tai Holdings Ltd.

     105,200        109,908  
     

 

 

 
Total Singapore

 

     13,383,754  
Spain – 5.1%

 

Acciona SA(b)

     1,483        180,745  

Acerinox SA

     14,393        158,009  

ACS Actividades de Construccion y Servicios SA

     12,715        532,535  

Aena SME SA(c)

     5,453        1,074,492  

Amadeus IT Group SA

     7,062        453,346  

Atresmedia Corp. de Medios de Comunicacion SA

     42,307        202,505  

Banco Bilbao Vizcaya Argentaria SA

     366,243        4,366,788  

Banco de Sabadell SA

     145,416        228,507  

Banco Santander SA

     335,543        1,638,530  

Bankinter SA(b)

     34,354        251,628  

CaixaBank SA(b)

     292,255        1,418,150  

Cia de Distribucion Integral Logista Holdings SA

     8,646        241,846  

CIE Automotive SA

     4,939        141,888  

Corp. ACCIONA Energias Renovables SA(b)

     6,786        147,897  

Enagas SA

     12,866        191,268  

Endesa SA

     94,322        1,748,560  

Faes Farma SA

     40,967        139,148  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Fluidra SA

     10,673      $ 252,668  

Fomento de Construcciones y Contratas SA

     14,433        197,028  

Gestamp Automocion SA(c)

     26,257        84,506  

Grupo Catalana Occidente SA

     7,065        270,491  

Iberdrola SA

     310,284        3,852,051  

Industria de Diseno Textil SA

     119,684        6,032,504  

Inmobiliaria Colonial Socimi SA(b)

     20,803        123,345  

Mapfre SA(b)

     163,972        414,744  

Merlin Properties Socimi SA

     47,233        508,841  

Naturgy Energy Group SA(b)

     51,350        1,114,706  

Redeia Corp. SA

     21,273        363,117  

Repsol SA

     46,755        779,649  

Sacyr SA

     40,716        150,389  

Telefonica SA

     335,139        1,480,014  

Unicaja Banco SA(c)

     105,433        130,606  

Viscofan SA(b)

     2,308        146,816  
     

 

 

 
Total Spain

 

     29,017,317  
Sweden – 2.4%

 

AAK AB

     5,113        121,649  

AFRY AB

     6,937        110,939  

Alfa Laval AB

     6,330        249,113  

Assa Abloy AB, Class B

     13,831        397,237  

Atlas Copco AB, Class A

     37,517        634,371  

Atlas Copco AB, Class B

     22,657        335,111  

Avanza Bank Holding AB(b)

     5,264        113,673  

Axfood AB

     8,124        236,443  

Billerud Aktiebolag

     9,819        88,175  

Dometic Group AB(c)

     12,192        98,675  

Epiroc AB, Class A

     17,821        335,167  

Essity AB, Class B(b)

     14,113        335,515  

Evolution AB(c)

     3,775        469,766  

H & M Hennes & Mauritz AB, Class B

     45,398        741,221  

Hexpol AB

     17,304        211,352  

Hufvudstaden AB, Class A(b)

     9,574        116,400  

Husqvarna AB, Class B(b)

     24,950        213,832  

Indutrade AB*

     5,644        154,077  

Investment AB Latour, Class B(b)

     7,869        207,164  

Lifco AB, Class B

     8,047        210,420  

Lindab International AB

     3,338        71,801  

Loomis AB

     4,341        121,307  

NCC AB, Class B

     9,591        132,125  

Nibe Industrier AB, Class B(b)

     8,035        39,496  

Nordnet AB publ(b)

     10,857        199,420  

Peab AB, Class B(b)

     28,207        177,669  

Saab AB, Class B

     2,155        191,867  

Sagax AB, Class B

     5,377        142,011  

Sandvik AB

     21,532        478,663  

Securitas AB, Class B(b)

     13,924        143,699  

Skandinaviska Enskilda Banken AB, Class A(b)

     113,894        1,543,959  

Skanska AB, Class B(b)

     13,292        236,811  

SKF AB, Class B(b)

     12,436        254,126  

Svenska Cellulosa AB SCA, Class B

     4,604        70,744  

Svenska Handelsbanken AB, Class A

     74,238        751,572  

Sweco AB, Class B

     9,161        103,240  

Swedbank AB, Class A(b)

     63,525      1,261,280  

Thule Group AB(b)(c)

     6,116        184,579  

Trelleborg AB, Class B

     6,870        246,013  

Volvo AB, Class A(b)

     11,703        322,657  

Volvo AB, Class B(b)

     54,191        1,470,251  

Wihlborgs Fastigheter AB

     18,324        170,000  
     

 

 

 
Total Sweden

 

     13,693,590  
Switzerland – 9.3%

 

ABB Ltd., Registered Shares

     54,415        2,530,748  

Accelleron Industries AG

     4,620        173,269  

Adecco Group AG, Registered Shares

     8,920        353,156  

Allreal Holding AG, Registered Shares

     868        149,180  

Baloise Holding AG, Registered Shares

     2,094        328,503  

Banque Cantonale Vaudoise, Registered Shares(b)

     3,415        397,349  

BKW AG

     1,391        213,739  

Cembra Money Bank AG(b)

     1,151        96,481  

Cie Financiere Richemont SA, Class A, Registered Shares

     8,358        1,275,924  

Clariant AG, Registered Shares*(b)

     4,059        54,934  

Coca-Cola HBC AG*

     12,934        408,962  

DKSH Holding AG

     2,172        147,943  

DSM-Firmenich AG

     3,807        433,358  

EFG International AG*

     16,409        205,135  

Flughafen Zurich AG, Registered Shares

     818        185,814  

Galenica AG(c)

     1,982        165,478  

Geberit AG, Registered Shares

     808        478,144  

Georg Fischer AG, Registered Shares

     3,049        226,466  

Givaudan SA, Registered Shares

     123        548,427  

Helvetia Holding AG, Registered Shares(b)

     3,052        421,188  

Holcim AG, Registered Shares

     25,967        2,354,241  

Julius Baer Group Ltd.

     9,926        573,938  

Kuehne & Nagel International AG, Registered Shares(b)

     7,224        2,013,128  

Logitech International SA, Registered Shares

     2,738        245,499  

Nestle SA, Registered Shares

     81,028        8,613,779  

Novartis AG, Registered Shares

     88,443        8,579,177  

OC Oerlikon Corp. AG, Registered Shares(b)

     39,022        172,083  

Partners Group Holding AG

     698        998,139  

PSP Swiss Property AG, Registered Shares

     1,639        215,088  

Roche Holding AG

     18,102        4,616,442  

Roche Holding AG, Bearer Shares

     3,382        912,430  

Schindler Holding AG, Participation Certificate

     1,082        272,813  

Schindler Holding AG, Registered Shares

     670        163,651  

SFS Group AG(b)

     1,648        217,001  

SGS SA, Registered Shares*(b)

     8,353        811,466  

SIG Group AG*(b)

     6,178        137,182  

Sika AG, Registered Shares

     1,479        441,056  

Sonova Holding AG, Registered Shares

     772        223,792  

Stadler Rail AG(b)

     2,822        89,983  

STMicroelectronics NV

     6,172        266,097  

Straumann Holding AG, Registered Shares

     980        156,678  

Sulzer AG, Registered Shares

     2,262        275,498  

Swatch Group AG, Bearer Shares(b)

     1,137        264,336  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Swiss Life Holding AG, Registered Shares

     1,460      $ 1,024,772  

Swiss Prime Site AG, Registered Shares

     3,414        322,372  

Swiss Re AG

     18,278        2,352,986  

Swisscom AG, Registered Shares*

     2,223        1,360,900  

UBS Group AG, Registered Shares

     80,100        2,466,941  

VAT Group AG(c)

     630        326,856  

Vontobel Holding AG, Registered Shares

     3,143        190,876  

Zurich Insurance Group AG

     7,702        4,158,413  
     

 

 

 
Total Switzerland

 

     53,611,811  
United Kingdom – 12.8%

 

4imprint Group PLC

     2,136        171,072  

Admiral Group PLC

     8,520        305,343  

Airtel Africa PLC(c)

     168,496        225,198  

Antofagasta PLC

     26,328        678,148  

Ashmore Group PLC

     51,104        126,338  

Ashtead Group PLC

     6,046        430,761  

Associated British Foods PLC

     12,195        384,825  

Assura PLC

     19,265        10,299  

AstraZeneca PLC

     36,943        4,983,235  

Auto Trader Group PLC(c)

     19,018        168,219  

BAE Systems PLC

     86,427        1,473,369  

Balfour Beatty PLC

     19,758        95,394  

Barclays PLC

     613,530        1,419,876  

Beazley PLC

     17,139        144,086  

Bellway PLC

     6,605        222,278  

Berkeley Group Holdings PLC

     3,500        210,369  

Big Yellow Group PLC

     10,233        137,542  

Bodycote PLC

     13,888        122,194  

BP PLC

     540,500        3,384,573  

British American Tobacco PLC

     160,762        4,886,167  

British Land Co. PLC

     50,978        254,501  

Britvic PLC

     14,154        146,974  

BT Group PLC(b)

     484,497        671,103  

Bunzl PLC

     7,459        287,200  

Burberry Group PLC

     9,189        140,805  

Centrica PLC

     134,434        216,780  

Clarkson PLC

     2,057        104,200  

Compass Group PLC

     33,239        975,408  

Computacenter PLC

     3,622        123,355  

ConvaTec Group PLC(c)

     46,170        167,041  

Cranswick PLC

     2,571        133,031  

DCC PLC

     3,295        239,755  

Derwent London PLC

     2,992        81,943  

Diageo PLC

     45,419        1,678,522  

Diploma PLC

     3,981        187,179  

Drax Group PLC

     17,005        107,709  

DS Smith PLC

     103,861        520,480  

Dunelm Group PLC

     7,975        114,042  

Games Workshop Group PLC

     1,582        200,646  

Genus PLC

     777        17,324  

Grainger PLC

     38,250        124,567  

Greggs PLC

     5,553        201,606  

Haleon PLC

     65,099        273,929  

Halma PLC

     4,714        141,013  

Harbour Energy PLC(b)

     50,474      175,854  

Hargreaves Lansdown PLC(b)

     15,866        147,514  

Hays PLC

     132,554        158,155  

Helical PLC(b)

     40,917        107,512  

Howden Joinery Group PLC

     17,528        200,786  

HSBC Holdings PLC

     1,188,849        9,296,225  

IMI PLC

     8,399        192,572  

Imperial Brands PLC

     55,768        1,246,946  

Inchcape PLC

     11,542        105,562  

Informa PLC

     34,304        360,197  

InterContinental Hotels Group PLC

     3,391        353,061  

Intertek Group PLC

     3,146        198,113  

Investec PLC

     25,286        169,807  

ITV PLC

     196,691        183,619  

J Sainsbury PLC

     101,240        345,818  

Johnson Matthey PLC

     8,594        194,220  

Land Securities Group PLC

     30,158        250,755  

Lloyds Banking Group PLC

     2,826,116        1,847,879  

London Stock Exchange Group PLC

     4,540        544,266  

LondonMetric Property PLC

     33,151        85,096  

Morgan Sindall Group PLC

     4,411        129,275  

National Grid PLC

     218,757        2,945,835  

NatWest Group PLC

     533,328        1,788,744  

Next PLC

     3,127        364,681  

PageGroup PLC

     23,337        132,249  

Pan African Resources PLC

     107,207        30,472  

Pearson PLC

     14,917        196,353  

Pennon Group PLC

     11,592        94,817  

Primary Health Properties PLC(b)

     152,006        180,020  

Prudential PLC

     36,750        344,934  

PZ Cussons PLC(b)

     66,078        74,875  

QinetiQ Group PLC

     26,720        123,270  

Reckitt Benckiser Group PLC

     25,617        1,460,114  

Redde Northgate PLC

     21,992        105,986  

Redrow PLC

     17,905        150,526  

RELX PLC

     40,196        1,738,625  

Renishaw PLC

     2,565        137,710  

Rentokil Initial PLC

     31,355        186,837  

Rightmove PLC

     15,196        105,503  

Rotork PLC

     32,779        136,150  

RS Group PLC

     9,009        82,714  

RWS Holdings PLC

     37,511        88,896  

Safestore Holdings PLC

     7,113        67,796  

Sage Group PLC

     25,961        415,024  

Savills PLC

     8,013        107,905  

Schroders PLC

     55,408        263,598  

Serco Group PLC

     52,840        126,625  

Serica Energy PLC

     33,118        78,861  

Severn Trent PLC

     8,417        262,630  

Shell PLC

     167,946        5,569,142  

Smith & Nephew PLC

     19,215        240,695  

Smiths Group PLC

     13,252        274,797  

Spectris PLC

     3,482        145,463  

Spirax-Sarco Engineering PLC

     1,243        157,807  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments (concluded)

WisdomTree International Equity Fund (DWM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Spirent Communications PLC

     25,852      $ 65,315  

SSE PLC

     68,198        1,421,493  

St. James’s Place PLC

     31,393        184,208  

Standard Chartered PLC

     44,193        374,821  

Tate & Lyle PLC

     14,326        111,751  

TBC Bank Group PLC

     4,861        197,422  

Telecom Plus PLC

     2,970        61,080  

Tesco PLC

     303,591        1,137,495  

TORM PLC, Class A

     6,707        227,435  

Travis Perkins PLC

     22,162        204,204  

Unilever PLC

     100,289        5,036,564  

Unite Group PLC

     13,804        170,543  

United Utilities Group PLC

     23,915        310,867  

Vesuvius PLC

     18,685        116,886  

Victrex PLC

     3,407        55,908  

Virgin Money U.K. PLC

     86,251        233,058  

Vodafone Group PLC

     2,082,903        1,853,963  

Weir Group PLC

     4,873        124,471  

WH Smith PLC

     9,470        157,552  

Whitbread PLC

     4,582        191,821  

Wincanton PLC

     5,997        45,454  

Workspace Group PLC(b)

     4,165        26,965  
     

 

 

 
Total United Kingdom               73,470,561  
United States – 1.9%      

GSK PLC

     170,571        3,681,585  

Stellantis NV

     256,907        7,309,672  
     

 

 

 
Total United States               10,991,257  

TOTAL COMMON STOCKS

(Cost: $442,294,544)

              568,094,047  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.2%

 

United States – 8.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(d)

     
(Cost: $47,002,513)      47,002,513      47,002,513  

TOTAL INVESTMENTS IN SECURITIES – 107.2%

(Cost: $489,297,057)

 

 

     615,096,560  

Other Assets less Liabilities – (7.2)%

 

     (41,201,618
     

 

 

 
NET ASSETS – 100.0%

 

   $ 573,894,942  
* 

Non-income producing security.

 

(a) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(b) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $58,538,673 and the total market value of the collateral held by the Fund was $62,030,876. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $15,028,363.

 

(c) 

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.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 568,094,047      $      $      $ 568,094,047  

Investment of Cash Collateral for Securities Loaned

            47,002,513               47,002,513  

Total Investments in Securities

   $ 568,094,047      $ 47,002,513      $      $ 615,096,560  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments

WisdomTree International High Dividend Fund (DTH)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%

 

Australia – 11.6%

 

Accent Group Ltd.(a)

     58,086      $ 76,927  

AMP Ltd.

     76,451        58,356  

Ampol Ltd.

     16,171        419,783  

ANZ Group Holdings Ltd.

     96,768        1,856,064  

APA Group

     89,934        493,439  

Aurizon Holdings Ltd.(a)

     85,699        223,640  

Bank of Queensland Ltd.(a)

     32,209        132,803  

Bendigo & Adelaide Bank Ltd.(a)

     33,241        222,286  

Centuria Capital Group(a)

     96,611        110,301  

Champion Iron Ltd.(a)

     17,525        84,721  

Charter Hall Group(a)

     27,197        243,971  

Coles Group Ltd.

     93,018        1,028,003  

Commonwealth Bank of Australia

     40,730        3,197,705  

CSR Ltd.

     49,186        283,024  

Dalrymple Bay Infrastructure Ltd.

     65,354        116,825  

Dexus(a)

     92,515        477,422  

Dicker Data Ltd.

     6,571        46,170  

Eagers Automotive Ltd.(a)

     15,456        142,782  

Endeavour Group Ltd.(a)

     85,576        307,622  

First Resources Ltd.

     160,600        163,028  

GPT Group(a)

     141,535        421,982  

GrainCorp Ltd., Class A

     10,741        57,741  

GWA Group Ltd.

     36,950        64,605  

Harvey Norman Holdings Ltd.(a)

     93,277        313,398  

Helia Group Ltd.

     19,899        50,760  

IGO Ltd.(a)

     46,782        215,780  

Incitec Pivot Ltd.

     203,637        383,945  

Inghams Group Ltd.(a)

     25,954        60,787  

IPH Ltd.(a)

     14,292        58,835  

JB Hi-Fi Ltd.(a)

     12,531        525,258  

Macquarie Group Ltd.

     9,321        1,214,380  

Magellan Financial Group Ltd.

     13,311        85,886  

McMillan Shakespeare Ltd.

     8,683        111,200  

Medibank Pvt Ltd.

     62,837        154,141  

Metcash Ltd.

     97,572        248,895  

Mirvac Group(a)

     240,295        369,974  

Myer Holdings Ltd.(a)

     79,931        42,500  

National Australia Bank Ltd.

     92,497        2,090,352  

New Hope Corp. Ltd.

     93,808        284,582  

Nick Scali Ltd.(a)

     6,677        67,084  

Nine Entertainment Co. Holdings Ltd.(a)

     120,139        134,028  

NRW Holdings Ltd.

     26,669        50,979  

Origin Energy Ltd.

     72,344        434,214  

Orora Ltd.

     98,324        174,479  

Perenti Ltd.

     54,665        34,950  

Pilbara Minerals Ltd.(a)

     205,140        512,582  

Premier Investments Ltd.

     8,260        176,807  

Rio Tinto Ltd.(a)

     21,167        1,681,426  

Rio Tinto PLC

     82,880        5,252,706  

Santos Ltd.

     165,624        837,411  

Scentre Group

     389,666        861,799  

SmartGroup Corp. Ltd.(a)

     10,252        64,944  

Stockland

     180,180      570,115  

Suncorp Group Ltd.

     29,458        314,797  

Super Retail Group Ltd.

     22,691        238,338  

Telstra Group Ltd.

     810,623        2,041,363  

Terracom Ltd.(a)

     116,932        18,309  

Transurban Group

     160,753        1,396,938  

Ventia Services Group Pty. Ltd.

     87,588        219,998  

Vicinity Ltd.

     344,170        478,263  

Viva Energy Group Ltd.(b)

     127,255        307,178  

Waypoint REIT Ltd.(a)

     62,830        104,525  

Westpac Banking Corp.

     118,982        2,025,983  

Whitehaven Coal Ltd.

     92,676        429,279  

Woodside Energy Group Ltd.

     202,568        4,030,738  

Yancoal Australia Ltd.(a)

     178,863        611,457  
     

 

 

 
Total Australia

 

     39,510,563  
Austria – 1.4%

 

ANDRITZ AG

     5,446        339,961  

BAWAG Group AG*(b)

     3,440        218,082  

Erste Group Bank AG

     18,564        828,029  

Kontron AG

     3,737        82,495  

Mondi PLC

     22,441        395,605  

Oesterreichische Post AG

     3,284        112,254  

OMV AG

     23,431        1,109,898  

Telekom Austria AG*

     50,590        423,438  

UNIQA Insurance Group AG

     21,385        184,997  

Verbund AG

     7,803        570,946  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     3,765        117,513  

voestalpine AG

     12,366        347,237  
     

 

 

 
Total Austria

 

     4,730,455  
Belgium – 0.9%

 

Aedifica SA

     3,691        227,019  

Ageas SA

     7,797        361,419  

Bekaert SA

     4,057        208,299  

bpost SA

     14,665        54,863  

Cofinimmo SA

     3,802        249,039  

Exmar NV(a)

     7,799        64,604  

KBC Group NV

     16,527        1,239,089  

Melexis NV

     2,354        191,055  

Solvay SA(a)

     6,801        185,830  

Warehouses De Pauw CVA

     9,651        275,795  

Xior Student Housing NV(c)

     3,426        103,602  
     

 

 

 
Total Belgium

 

     3,160,614  
China – 0.7%

 

BOC Aviation Ltd.(b)

     33,200        255,794  

BOC Hong Kong Holdings Ltd.

     378,047        1,011,964  

CITIC Telecom International Holdings Ltd.

     532,000        171,976  

Qingdao Port International Co. Ltd., Class H(a)(b)

     145,000        85,224  

Wilmar International Ltd.

     310,600        789,388  
     

 

 

 
Total China

 

     2,314,346  
Denmark – 0.4%

 

D/S Norden AS

     6,345        258,522  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2024

 

 

 

Investments    Shares      Value  

Danske Bank AS

     19,045      $ 569,709  

Scandinavian Tobacco Group AS(b)

     7,845        140,623  

Spar Nord Bank AS

     4,547        75,844  

Sydbank AS

     2,452        126,674  

Tryg AS

     16,263        334,844  
     

 

 

 
Total Denmark

 

     1,506,216  
Egypt – 0.1%

 

Energean PLC

     22,850        315,497  
Finland – 2.2%

 

Citycon OYJ*(a)

     19,196        79,319  

Elisa OYJ

     14,092        629,321  

Kemira OYJ

     9,885        187,040  

Kesko OYJ, Class B

     19,665        367,739  

Kone OYJ, Class B

     20,405        950,693  

Konecranes OYJ

     5,308        275,797  

Metsa Board OYJ, Class B(a)

     26,565        201,405  

Nordea Bank Abp(a)

     220,340        2,456,328  

Orion OYJ, Class B

     4,779        178,427  

Outokumpu OYJ(a)

     32,012        139,329  

Puuilo OYJ

     6,233        66,677  

Sampo OYJ, Class A

     11,708        499,653  

Sanoma OYJ(a)

     4,235        31,148  

TietoEVRY OYJ(a)

     9,833        208,251  

UPM-Kymmene OYJ

     25,848        861,762  

Valmet OYJ(a)

     12,708        334,744  
     

 

 

 
Total Finland

 

     7,467,633  
France – 11.0%

 

Amundi SA(b)

     8,988        617,853  

Antin Infrastructure Partners SA

     5,329        77,351  

AXA SA

     106,753        4,013,934  

BNP Paribas SA

     45,812        3,258,552  

Bouygues SA

     22,253        909,177  

Cie des Alpes

     3,662        53,392  

Cie Generale des Etablissements Michelin SCA

     49,619        1,903,464  

Coface SA

     15,608        246,950  

Credit Agricole SA

     146,448        2,185,191  

Derichebourg SA

     14,831        70,509  

Eiffage SA

     6,677        758,253  

Eramet SA

     1,632        124,172  

Etablissements Maurel & Prom SA

     9,311        56,263  

Fnac Darty SA(a)

     1,420        44,505  

Gecina SA

     4,629        473,186  

Imerys SA

     5,586        190,518  

Klepierre SA(a)

     22,889        593,283  

La Francaise des Jeux SAEM(b)

     13,565        553,485  

Metropole Television SA

     10,879        162,376  

Orange SA

     171,681        2,018,804  

Publicis Groupe SA

     15,990        1,745,053  

Rexel SA

     30,055        812,459  

Rubis SCA

     15,805        558,852  

SCOR SE

     4,714        163,272  

Societe BIC SA

     2,104        150,428  

Societe Generale SA

     33,774        904,968  

Television Francaise 1 SA(a)

     17,148      156,863  

TotalEnergies SE

     183,872        12,603,983  

Veolia Environnement SA

     48,859        1,589,891  

Verallia SA(b)

     8,628        335,829  

Vicat SACA

     2,286        90,238  

Wendel SE

     1,234        126,075  
     

 

 

 
Total France

 

     37,549,129  
Georgia – 0.1%

 

Bank of Georgia Group PLC

     2,957        188,639  
Germany – 10.5%

 

Allianz SE, Registered Shares

     16,104        4,831,586  

Bayer AG, Registered Shares

     60,243        1,849,725  

Bayerische Motoren Werke AG

     88,576        10,232,015  

Bilfinger SE

     1,684        78,751  

Daimler Truck Holding AG

     38,419        1,948,489  

Deutsche Post AG, Registered Shares

     64,696        2,788,928  

DWS Group GmbH & Co. KGaA(b)

     7,650        336,924  

E.ON SE

     187,269        2,605,998  

Evonik Industries AG

     33,534        663,671  

Freenet AG

     9,693        273,017  

Hamborner REIT AG

     8,921        66,094  

Hamburger Hafen und Logistik AG*

     3,823        68,539  

HochTief AG

     5,156        599,725  

Instone Real Estate Group SE(b)

     1,713        16,521  

K&S AG, Registered Shares

     12,452        194,460  

Lanxess AG

     4,702        125,989  

Mercedes-Benz Group AG

     103,884        8,281,092  

SAF-Holland SE

     3,631        74,077  

Salzgitter AG

     2,955        77,232  

Siltronic AG

     1,137        100,938  

Sixt SE

     1,749        174,631  

Stroeer SE & Co. KGaA

     4,105        250,044  

Suedzucker AG

     10,531        151,153  

Wacker Neuson SE

     6,855        127,042  
     

 

 

 
Total Germany

 

     35,916,641  
Hong Kong – 2.5%

 

Bank of East Asia Ltd.

     57,600        68,592  

CLP Holdings Ltd.

     138,500        1,103,371  

Dah Sing Financial Holdings Ltd.

     18,800        43,190  

Hang Lung Group Ltd.

     94,000        108,215  

Hang Seng Bank Ltd.

     53,300        583,297  

Hong Kong & China Gas Co. Ltd.

     1,197,000        906,951  

Link REIT

     191,250        822,284  

MTR Corp. Ltd.

     284,500        937,858  

Power Assets Holdings Ltd.

     163,018        953,973  

Sun Hung Kai Properties Ltd.

     173,500        1,672,607  

Swire Pacific Ltd., Class B

     330,000        430,080  

Swire Properties Ltd.

     397,800        835,607  
     

 

 

 
Total Hong Kong

 

     8,466,025  
Indonesia – 0.0%

 

Bumitama Agri Ltd.

     278,400        141,304  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2024

 

 

 

Investments    Shares      Value  
Ireland – 0.2%

 

Cairn Homes PLC

     45,638      $ 78,665  

Kenmare Resources PLC

     20,635        85,109  

Smurfit Kappa Group PLC

     12,892        588,541  
     

 

 

 
Total Ireland

 

     752,315  
Israel – 1.2%

 

Amot Investments Ltd.

     47,251        224,667  

Ashtrom Group Ltd.*

     9,081        134,888  

Bank Hapoalim BM

     48,857        459,805  

Bank Leumi Le-Israel BM

     38,087        317,799  

Bezeq The Israeli Telecommunication Corp. Ltd.

     151,572        195,603  

Delek Group Ltd.

     2,150        282,233  

FIBI Holdings Ltd.

     2,816        126,208  

First International Bank of Israel Ltd.

     5,788        241,713  

Harel Insurance Investments & Financial Services Ltd.*

     9,621        92,935  

ICL Group Ltd.

     151,859        805,781  

Israel Discount Bank Ltd., Class A

     50,615        262,904  

Isramco Negev 2 LP

     143,604        70,162  

Magic Software Enterprises Ltd.

     5,590        64,739  

Mega Or Holdings Ltd.

     2,766        74,161  

Mivne Real Estate KD Ltd.

     43,212        107,095  

Mizrahi Tefahot Bank Ltd.

     6,909        260,052  

Oil Refineries Ltd.

     711,238        236,840  

Plus500 Ltd.

     2,974        67,812  
     

 

 

 
Total Israel

 

     4,025,397  
Italy – 7.2%

 

A2A SpA

     247,894        448,039  

ACEA SpA

     16,707        296,275  

Anima Holding SpA(b)

     6,556        31,154  

Arnoldo Mondadori Editore SpA

     27,259        68,594  

Assicurazioni Generali SpA

     74,253        1,881,333  

Azimut Holding SpA

     4,463        121,369  

Banca Generali SpA

     4,821        191,710  

Banca IFIS SpA

     4,058        79,545  

Banca Mediolanum SpA

     37,038        407,210  

Banca Popolare di Sondrio SpA

     18,587        139,313  

Banco BPM SpA

     56,455        376,072  

BPER Banca

     30,574        144,627  

Credito Emiliano SpA

     13,135        131,502  

Enav SpA(b)

     38,413        160,966  

Enel SpA

     1,077,712        7,122,081  

Eni SpA(a)

     205,993        3,258,776  

ERG SpA(a)

     6,751        169,736  

FinecoBank Banca Fineco SpA(a)

     14,573        218,534  

Hera SpA

     75,373        265,862  

Intesa Sanpaolo SpA

     647,101        2,350,296  

Iren SpA

     75,541        154,521  

Italgas SpA

     84,213        491,130  

Mediobanca Banca di Credito Finanziario SpA

     34,988        521,839  

Piaggio & C SpA

     47,551        150,573  

Poste Italiane SpA(b)

     69,056        865,506  

RAI Way SpA(b)

     25,725        144,194  

Saras SpA

     115,378      220,806  

Snam SpA

     218,180        1,031,136  

Terna – Rete Elettrica Nazionale

     89,454        740,035  

UniCredit SpA

     41,814        1,588,472  

Unipol Gruppo SpA

     28,075        235,473  

UnipolSai Assicurazioni SpA

     106,589        308,972  

Zignago Vetro SpA

     6,347        90,894  
     

 

 

 
Total Italy

 

     24,406,545  
Japan – 7.5%

 

AGC, Inc.

     9,300        339,690  

ARE Holdings, Inc.(a)

     4,700        59,998  

Artience Co. Ltd.

     4,500        86,584  

Autobacs Seven Co. Ltd.(a)

     14,700        155,746  

Citizen Watch Co. Ltd.(a)

     12,200        79,885  

Cosmo Energy Holdings Co. Ltd.

     4,400        223,133  

Daido Steel Co. Ltd.(a)

     18,800        225,645  

Eagle Industry Co. Ltd.

     6,500        78,681  

Elematec Corp.

     7,400        93,829  

ENEOS Holdings, Inc.

     129,800        627,194  

Exedy Corp.(a)

     4,700        95,028  

Godo Steel Ltd.

     2,400        90,707  

Hakuto Co. Ltd.(a)

     3,200        119,251  

Haseko Corp.(a)

     16,000        200,443  

Hazama Ando Corp.(a)

     15,500        121,464  

Iino Kaiun Kaisha Ltd.(a)

     9,400        76,147  

Inaba Denki Sangyo Co. Ltd.

     7,400        171,377  

Inabata & Co. Ltd.

     4,400        92,306  

Isuzu Motors Ltd.(a)

     42,600        578,433  

Japan Post Holdings Co. Ltd.

     105,600        1,068,943  

Japan Post Insurance Co. Ltd.

     8,600        165,102  

Japan Tobacco, Inc.

     172,500        4,620,668  

Kanematsu Corp.

     8,600        147,287  

Ki-Star Real Estate Co. Ltd.

     700        17,853  

Kumagai Gumi Co. Ltd.

     3,000        82,758  

KYB Corp.(a)

     3,700        126,393  

Kyoei Steel Ltd.

     5,000        79,685  

Matsui Securities Co. Ltd.(a)

     18,700        102,060  

Mitsubishi Gas Chemical Co., Inc.(a)

     10,600        181,400  

Mitsuboshi Belting Ltd.(a)

     4,700        145,026  

Mitsui DM Sugar Holdings Co. Ltd.

     4,600        94,678  

Mitsui Matsushima Holdings Co. Ltd.(a)

     2,900        55,837  

Mitsui Mining & Smelting Co. Ltd.(a)

     4,100        127,515  

Mitsui-Soko Holdings Co. Ltd.

     2,100        65,285  

MS&AD Insurance Group Holdings, Inc.

     34,800        623,363  

Nippon Electric Glass Co. Ltd.

     5,800        148,387  

Nippon Soda Co. Ltd.(a)

     2,900        116,119  

Nippon Steel Corp.(a)

     78,100        1,892,833  

Nippon Yakin Kogyo Co. Ltd.(a)

     2,000        63,365  

Nishimatsu Construction Co. Ltd.(a)

     2,900        85,556  

Niterra Co. Ltd.(a)

     15,200        510,600  

Nittoc Construction Co. Ltd.

     12,000        93,085  

Noevir Holdings Co. Ltd.

     4,600        158,961  

NS United Kaiun Kaisha Ltd.

     2,300        70,058  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2024

 

 

 

Investments    Shares      Value  

Okumura Corp.

     3,500      $ 117,711  

PHC Holdings Corp.(a)

     8,600        70,234  

Pigeon Corp.

     8,600        82,593  

Roland Corp.

     2,100        63,273  

San-Ai Obbli Co. Ltd.

     6,600        91,056  

Sangetsu Corp.

     5,600        123,585  

SBI Holdings, Inc.(a)

     8,500        221,900  

Seino Holdings Co. Ltd.(a)

     8,400        117,387  

Sekisui House Ltd.

     27,900        647,980  

SoftBank Corp.(a)

     256,100        3,301,405  

Sojitz Corp.(a)

     16,680        439,414  

Sompo Holdings, Inc.

     25,500        537,481  

SUMCO Corp.(a)

     20,100        319,672  

Sumitomo Corp.

     80,000        1,930,424  

Sumitomo Mitsui Trust Holdings, Inc.

     16,400        358,460  

Takeda Pharmaceutical Co. Ltd.(a)

     76,100        2,103,818  

Tama Home Co. Ltd.

     2,600        77,994  

Tokyu Construction Co. Ltd.

     18,300        100,965  

Tosoh Corp.(a)

     14,900        203,005  

Toyo Seikan Group Holdings Ltd.

     8,400        135,342  

UACJ Corp.

     2,900        84,407  

UBE Corp.(a)

     7,000        126,106  

Yuasa Trading Co. Ltd.

     2,800        98,979  
     

 

 

 
Total Japan

 

     25,711,549  
Jersey – 0.1%

 

Ithaca Energy PLC

     201,184        338,014  
Netherlands – 1.8%

 

Aegon Ltd.(a)

     59,775        364,747  

Brunel International NV(a)

     4,336        47,672  

ING Groep NV, Series N

     173,265        2,852,926  

Koninklijke BAM Groep NV

     25,144        95,370  

Koninklijke Heijmans NV

     4,516        83,694  

Koninklijke KPN NV

     289,618        1,084,121  

Koninklijke Vopak NV

     8,070        311,408  

Randstad NV(a)

     10,573        558,610  

RHI Magnesita NV

     2,598        115,918  

SBM Offshore NV(a)

     17,312        276,528  

Signify NV(b)

     8,554        264,031  

Wereldhave NV

     5,390        84,058  
     

 

 

 
Total Netherlands

 

     6,139,083  
Norway – 2.3%

 

Aker ASA, Class A

     3,641        209,259  

Aker BP ASA

     50,546        1,257,057  

Atea ASA*

     6,919        82,784  

Austevoll Seafood ASA

     16,725        131,351  

Belships ASA

     26,731        51,498  

DNB Bank ASA

     77,336        1,533,375  

DNO ASA

     108,040        97,099  

Europris ASA(b)

     11,490        82,612  

Gjensidige Forsikring ASA

     11,771        170,566  

Gram Car Carriers ASA

     2,538        46,602  

Grieg Seafood ASA

     8,003        50,164  

Hoegh Autoliners ASA

     33,610        285,645  

Klaveness Combination Carriers ASA(b)

     11,169      96,982  

Leroy Seafood Group ASA

     37,738        166,138  

MPC Container Ships ASA

     97,541        112,794  

Protector Forsikring ASA

     3,387        70,871  

Rana Gruber ASA

     9,650        70,094  

SpareBank 1 Nord Norge

     10,616        93,550  

SpareBank 1 SMN

     4,259        54,098  

SpareBank 1 SR-Bank ASA

     12,813        160,626  

Sparebanken Vest

     5,980        64,162  

Storebrand ASA

     6,889        63,501  

Telenor ASA

     119,786        1,333,274  

TGS ASA

     5,441        59,282  

Var Energi ASA

     273,460        898,627  

Veidekke ASA

     18,173        197,667  

Wallenius Wilhelmsen ASA

     68,441        557,377  
     

 

 

 
Total Norway

 

     7,997,055  
Portugal – 0.8%

 

Altri SGPS SA

     18,057        101,993  

EDP – Energias de Portugal SA

     210,230        819,645  

Galp Energia SGPS SA

     29,272        484,165  

Navigator Co. SA

     121,129        529,818  

NOS SGPS SA

     66,091        258,818  

REN – Redes Energeticas Nacionais SGPS SA

     63,877        151,772  

Semapa-Sociedade de Investimento & Gestao

     10,885        175,161  

Sonae SGPS SA

     184,268        175,128  
     

 

 

 
Total Portugal

 

     2,696,500  
Singapore – 3.7%

 

Aztech Global Ltd.(c)

     67,000        50,637  

DBS Group Holdings Ltd.

     102,300        2,731,083  

Delfi Ltd.

     42,400        28,275  

Digital Core REIT Management Pte. Ltd.

     94,700        56,820  

Genting Singapore Ltd.

     521,100        341,711  

Geo Energy Resources Ltd.

     172,000        43,969  

Keppel Infrastructure Trust

     521,936        191,433  

Keppel Ltd.

     153,300        833,745  

Netlink NBN Trust(c)

     167,100        105,861  

Oversea-Chinese Banking Corp. Ltd.

     218,092        2,179,950  

Propnex Ltd.(c)

     106,100        72,327  

Sheng Siong Group Ltd.

     71,900        81,511  

Singapore Airlines Ltd.(a)

     295,800        1,402,727  

Singapore Technologies Engineering Ltd.

     138,895        413,721  

Singapore Telecommunications Ltd.

     1,213,300        2,274,488  

StarHub Ltd.

     88,900        77,728  

United Overseas Bank Ltd.

     76,000        1,650,533  

Venture Corp. Ltd.

     23,000        243,191  
     

 

 

 
Total Singapore

 

     12,779,710  
Spain – 6.7%

 

Acerinox SA

     15,637        171,666  

ACS Actividades de Construccion y Servicios SA

     16,856        705,970  

Atresmedia Corp. de Medios de Comunicacion SA

     45,574        218,143  

Banco Bilbao Vizcaya Argentaria SA

     286,549        3,416,581  

Bankinter SA(a)

     29,988        219,649  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2024

 

 

 

Investments    Shares      Value  

CaixaBank SA(a)

     227,958      $ 1,106,152  

Cia de Distribucion Integral Logista Holdings SA

     13,089        366,125  

Enagas SA

     29,682        441,259  

Endesa SA

     144,574        2,680,141  

Faes Farma SA

     28,018        95,166  

Fomento de Construcciones y Contratas SA

     19,795        270,225  

Iberdrola SA

     481,676        5,979,814  

Inmobiliaria Colonial Socimi SA(a)

     27,806        164,867  

Mapfre SA(a)

     118,330        299,299  

Merlin Properties Socimi SA

     59,217        637,945  

Naturgy Energy Group SA(a)

     78,575        1,705,706  

Neinor Homes SA(a)(b)

     8,618        94,564  

Prosegur Cash SA(a)(b)

     88,917        45,999  

Redeia Corp. SA

     37,755        644,455  

Repsol SA

     67,064        1,118,306  

Sacyr SA(a)

     36,672        135,452  

Telefonica SA

     495,166        2,186,712  

Unicaja Banco SA(b)

     73,644        91,227  
     

 

 

 
Total Spain

 

     22,795,423  
Sweden – 1.4%

 

AFRY AB

     6,853        109,596  

Avanza Bank Holding AB(a)

     3,303        71,326  

Bilia AB, Class A

     9,580        122,924  

Billerud Aktiebolag

     14,204        127,552  

Bravida Holding AB(b)

     10,990        96,512  

Cloetta AB, Class B

     10,020        17,046  

H & M Hennes & Mauritz AB, Class B

     67,072        1,095,097  

Hexpol AB

     10,192        124,486  

Inwido AB

     3,573        48,753  

Loomis AB

     3,434        95,962  

NCC AB, Class B

     4,443        61,206  

Peab AB, Class B

     29,667        186,865  

Sagax AB, Class D(a)

     18,338        51,279  

Securitas AB, Class B(a)

     22,356        230,719  

Skanska AB, Class B(a)

     19,389        345,435  

SKF AB, Class B(a)

     17,503        357,668  

Svenska Handelsbanken AB, Class A

     59,593        603,309  

Swedbank AB, Class A(a)

     48,563        964,211  

Wihlborgs Fastigheter AB

     16,223        150,508  
     

 

 

 
Total Sweden

 

     4,860,454  
Switzerland – 5.5%

 

Adecco Group AG, Registered Shares

     12,925        511,719  

Allreal Holding AG, Registered Shares

     754        129,587  

Baloise Holding AG, Registered Shares

     1,280        200,804  

Cembra Money Bank AG(a)

     1,257        105,367  

EFG International AG*

     10,918        136,490  

Helvetia Holding AG, Registered Shares(a)

     2,075        286,358  

Holcim AG, Registered Shares

     39,607        3,590,882  

Julius Baer Group Ltd.

     7,650        442,336  

Kuehne & Nagel International AG, Registered Shares(a)

     10,782        3,004,643  

Mobilezone Holding AG, Registered Shares(a)

     3,536        58,338  

OC Oerlikon Corp. AG, Registered Shares(a)

     37,865        166,981  

SGS SA, Registered Shares*(a)

     12,527      1,216,956  

Sulzer AG, Registered Shares

     2,552        310,819  

Swiss Life Holding AG, Registered Shares

     1,151        807,885  

Swiss Prime Site AG, Registered Shares

     4,989        471,094  

Swiss Re AG

     14,478        1,863,799  

Swisscom AG, Registered Shares*

     3,244        1,985,946  

Vontobel Holding AG, Registered Shares

     1,564        94,983  

Zurich Insurance Group AG

     6,268        3,384,177  
     

 

 

 
Total Switzerland

 

     18,769,164  
United Kingdom – 14.2%

 

4imprint Group PLC

     2,859        228,977  

Admiral Group PLC

     6,708        240,404  

Ashmore Group PLC

     42,859        105,955  

Assura PLC

     271,662        145,233  

Barclays PLC

     478,619        1,107,655  

Bellway PLC

     8,659        291,401  

Big Yellow Group PLC

     10,174        136,749  

BP PLC

     796,558        4,987,990  

Bridgepoint Group PLC(b)

     21,706        71,347  

British American Tobacco PLC

     242,726        7,377,364  

British Land Co. PLC

     76,962        384,222  

BT Group PLC(a)

     712,094        986,360  

DCC PLC

     4,648        338,203  

Derwent London PLC

     5,323        145,782  

Dr. Martens PLC(a)

     53,854        59,697  

Drax Group PLC

     23,184        146,846  

DS Smith PLC

     137,891        691,015  

Dunelm Group PLC

     14,398        205,891  

FDM Group Holdings PLC

     11,375        49,287  

Games Workshop Group PLC

     2,434        308,705  

Halfords Group PLC

     13,151        26,664  

Harbour Energy PLC

     68,158        237,465  

Hargreaves Lansdown PLC(a)

     15,704        146,008  

Hays PLC

     110,020        131,269  

Hilton Food Group PLC

     3,814        40,616  

Hollywood Bowl Group PLC

     17,342        72,185  

HSBC Holdings PLC

     932,715        7,293,381  

Ibstock PLC(b)

     24,794        47,201  

Imperial Brands PLC

     82,025        1,834,040  

Inchcape PLC

     21,501        196,647  

Investec PLC

     25,600        171,915  

ITV PLC

     346,829        323,779  

J Sainsbury PLC

     128,396        438,579  

Johnson Matthey PLC

     10,725        242,380  

Keller Group PLC

     4,311        57,073  

Land Securities Group PLC

     54,123        450,017  

Lloyds Banking Group PLC

     2,191,954        1,433,227  

LondonMetric Property PLC

     57,194        146,813  

Marshalls PLC

     17,561        60,961  

Me Group International PLC

     25,279        53,138  

Moneysupermarket.com Group PLC

     31,226        86,703  

Morgan Advanced Materials PLC

     21,627        77,863  

Morgan Sindall Group PLC

     3,411        99,968  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2024

 

 

 

Investments    Shares      Value  

National Grid PLC

     346,784      $ 4,669,878  

NatWest Group PLC

     415,129        1,392,313  

PageGroup PLC

     45,546        258,106  

Pennon Group PLC

     16,603        135,805  

Pets at Home Group PLC

     24,618        83,469  

Primary Health Properties PLC(a)

     121,377        143,746  

PZ Cussons PLC(a)

     33,478        37,935  

Redde Northgate PLC

     30,955        149,181  

Redrow PLC

     23,066        193,914  

RWS Holdings PLC

     26,931        63,823  

Safestore Holdings PLC

     11,282        107,531  

Savills PLC

     7,970        107,326  

Schroders PLC

     54,780        260,610  

Serica Energy PLC

     41,192        98,087  

Severn Trent PLC

     10,667        332,835  

Spirent Communications PLC

     44,421        112,230  

SSE PLC

     102,870        2,144,184  

St. James’s Place PLC

     14,916        87,524  

SThree PLC

     11,676        63,424  

TBC Bank Group PLC

     2,928        118,916  

Telecom Plus PLC

     4,546        93,492  

Tesco PLC

     455,088        1,705,123  

TORM PLC, Class A

     9,890        335,371  

Travis Perkins PLC

     13,144        121,111  

Tyman PLC

     9,408        34,406  

United Utilities Group PLC

     29,531        383,869  

Vesuvius PLC

     26,981        168,783  

Victrex PLC

     4,550        74,664  

Virgin Money U.K. PLC

     57,336        154,927  

Vodafone Group PLC

     3,120,751        2,777,736  

Wickes Group PLC

     31,789        62,284  

Workspace Group PLC(a)

     12,026        77,858  
     

 

 

 
Total United Kingdom

 

     48,227,436  
United States – 4.9%

 

GSK PLC

     259,610      5,603,393  

Noram Drilling AS*

     10,263        35,429  

Stellantis NV

     386,735        11,003,615  
     

 

 

 
Total United States

 

     16,642,437  

TOTAL COMMON STOCKS

(Cost: $303,887,111)

 

 

     337,408,144  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.4%

 

United States – 7.4%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(d)

     
(Cost: $25,323,176)      25,323,176        25,323,176  

TOTAL INVESTMENTS IN SECURITIES – 106.3%

(Cost: $329,210,287)

 

 

     362,731,320  

Other Assets less Liabilities – (6.3)%

 

     (21,679,272
     

 

 

 
NET ASSETS – 100.0%

 

   $ 341,052,048  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $37,547,501 and the total market value of the collateral held by the Fund was $39,813,240. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,490,064.

 

(b) 

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

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2024
    Dividend
Income
 

WisdomTree International LargeCap Dividend Fund^

  $ 1,054,486     $ 13,948,070     $ 14,845,754     $ 3,404     $ (160,206   $     $ 142,778  

 

^ 

As of March 31, 2024, the Fund did not hold a position in this affiliate.

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International High Dividend Fund (DTH)

March 31, 2024

 

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

    4/2/2024       130,301       USD       200,000       AUD     $     $ (179

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

        

Investments in Securities

  

Common Stocks

   $ 337,408,144      $      $      $ 337,408,144  

Investment of Cash Collateral for Securities Loaned

            25,323,176               25,323,176  

Total Investments in Securities

   $ 337,408,144      $ 25,323,176      $      $ 362,731,320  

Liabilities:

        

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (179    $      $ (179

Total – Net

   $ 337,408,144      $ 25,322,997      $      $ 362,731,141  

1 Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Schedule of Investments

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%

 

Australia – 6.4%

 

ANZ Group Holdings Ltd.

     126,066      $ 2,418,016  

Aristocrat Leisure Ltd.

     14,294        400,992  

Commonwealth Bank of Australia

     58,363        4,582,068  

CSL Ltd.

     7,117        1,336,850  

Goodman Group

     22,169        488,996  

Macquarie Group Ltd.

     11,375        1,481,984  

National Australia Bank Ltd.

     111,521        2,520,278  

QBE Insurance Group Ltd.

     50,174        593,459  

Rio Tinto Ltd.(a)

     19,792        1,572,202  

Rio Tinto PLC

     65,712        4,164,646  

Santos Ltd.

     142,933        722,684  

Telstra Group Ltd.

     653,314        1,645,217  

Transurban Group

     150,935        1,311,620  

Wesfarmers Ltd.

     58,153        2,595,029  

Westpac Banking Corp.

     172,879        2,943,721  

Woodside Energy Group Ltd.

     167,221        3,327,397  

Woolworths Group Ltd.

     35,100        759,568  
     

 

 

 
Total Australia

 

     32,864,727  
Austria – 0.5%

 

Erste Group Bank AG

     26,306        1,173,353  

OMV AG

     19,168        907,965  

Verbund AG

     6,450        471,946  
     

 

 

 
Total Austria

 

     2,553,264  
Belgium – 0.6%

 

Anheuser-Busch InBev SA

     22,295        1,359,478  

KBC Group NV

     24,067        1,804,389  
     

 

 

 
Total Belgium

 

     3,163,867  
China – 0.4%

 

BOC Hong Kong Holdings Ltd.

     449,634        1,203,589  

Prosus NV

     11,250        353,261  

Wilmar International Ltd.

     264,200        671,463  
     

 

 

 
Total China

 

     2,228,313  
Denmark – 1.6%

 

Carlsberg AS, Class B

     4,522        617,818  

Coloplast AS, Class B

     5,255        709,442  

Danske Bank AS

     26,379        789,097  

DSV AS

     1,933        314,027  

Novo Nordisk AS, Class B

     46,709        5,960,275  
     

 

 

 
Total Denmark

 

     8,390,659  
Finland – 1.2%

 

Kone OYJ, Class B

     17,096        796,523  

Nokia OYJ

     175,119        622,422  

Nordea Bank Abp(a)

     309,586        3,451,233  

Sampo OYJ, Class A

     14,063        600,155  

UPM-Kymmene OYJ

     22,483        749,574  
     

 

 

 
Total Finland

 

     6,219,907  
France – 14.4%

 

Air Liquide SA

     12,568        2,617,502  

Airbus SE

     9,754        1,798,419  

AXA SA

     148,516      5,584,231  

BNP Paribas SA

     60,277        4,287,430  

Capgemini SE

     3,277        754,903  

Cie de Saint-Gobain SA

     17,510        1,360,254  

Cie Generale des Etablissements Michelin SCA

     41,558        1,594,231  

Credit Agricole SA

     205,460        3,065,726  

Danone SA

     31,442        2,033,706  

Dassault Aviation SA

     1,128        248,521  

Dassault Systemes SE

     6,966        308,755  

EssilorLuxottica SA

     7,790        1,764,248  

Hermes International SCA

     1,011        2,583,388  

Kering SA

     3,877        1,533,966  

L’Oreal SA

     10,631        5,036,351  

Legrand SA

     8,499        901,553  

LVMH Moet Hennessy Louis Vuitton SE

     8,032        7,231,980  

Orange SA

     149,790        1,761,387  

Pernod Ricard SA

     6,341        1,026,900  

Publicis Groupe SA

     13,778        1,503,648  

Safran SA

     5,161        1,170,793  

Sanofi SA

     46,451        4,563,197  

Schneider Electric SE

     16,624        3,764,039  

Societe Generale SA

     40,672        1,089,798  

Sodexo SA

     3,136        269,189  

Thales SA

     4,270        728,863  

TotalEnergies SE(a)

     153,154        10,498,338  

Veolia Environnement SA

     41,123        1,338,159  

Vinci SA

     30,241        3,878,735  
     

 

 

 
Total France

 

     74,298,210  
Germany – 10.8%

 

Allianz SE, Registered Shares

     22,368        6,710,936  

Bayer AG, Registered Shares

     44,287        1,359,806  

Bayerische Motoren Werke AG

     73,204        8,456,291  

Beiersdorf AG

     1,972        287,411  

Commerzbank AG

     14,546        199,984  

Continental AG

     4,542        328,169  

Daimler Truck Holding AG

     32,100        1,628,009  

Deutsche Bank AG, Registered Shares

     42,323        666,526  

Deutsche Boerse AG

     3,113        637,611  

Deutsche Post AG, Registered Shares

     54,284        2,340,085  

Deutsche Telekom AG, Registered Shares

     221,223        5,375,718  

E.ON SE

     153,262        2,132,763  

Hannover Rueck SE

     3,918        1,073,516  

Heidelberg Materials AG

     9,538        1,050,191  

Henkel AG & Co. KGaA

     4,473        322,507  

Infineon Technologies AG

     14,252        485,084  

Mercedes-Benz Group AG

     86,763        6,916,295  

Merck KGaA

     1,713        302,667  

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares

     4,483        2,189,874  

RWE AG

     16,151        548,759  

SAP SE

     17,615        3,433,107  

Siemens AG, Registered Shares

     35,679        6,818,856  

Siemens Healthineers AG*(b)

     20,939        1,282,673  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2024

 

 

 

Investments    Shares      Value  

Talanx AG

     8,756      $ 694,106  

Vonovia SE

     28,077        830,854  
     

 

 

 
Total Germany

 

     56,071,798  
Hong Kong – 1.2%

 

AIA Group Ltd.

     180,804        1,213,992  

CLP Holdings Ltd.

     125,500        999,805  

Hang Seng Bank Ltd.

     76,018        831,915  

Hong Kong Exchanges & Clearing Ltd.

     29,624        862,249  

MTR Corp. Ltd.

     172,938        570,093  

Sun Hung Kai Properties Ltd.

     133,442        1,286,432  

Techtronic Industries Co. Ltd.

     46,500        630,382  
     

 

 

 
Total Hong Kong

 

     6,394,868  
Ireland – 0.4%

 

CRH PLC

     21,910        1,889,841  

Kerry Group PLC, Class A

     3,230        277,118  
     

 

 

 
Total Ireland

 

     2,166,959  
Italy – 4.0%

 

Assicurazioni Generali SpA

     105,118        2,663,353  

Enel SpA

     886,029        5,855,340  

Eni SpA

     174,779        2,764,976  

Ferrari NV

     1,726        753,088  

Intesa Sanpaolo SpA

     908,716        3,300,493  

Moncler SpA

     5,788        432,447  

Poste Italiane SpA(b)

     99,106        1,242,135  

PRADA SpA

     44,300        350,938  

Snam SpA

     133,555        631,192  

Terna – Rete Elettrica Nazionale(a)

     85,827        710,029  

UniCredit SpA(a)

     57,842        2,197,360  
     

 

 

 
Total Italy

 

     20,901,351  
Japan – 16.1%

 

Aeon Co. Ltd.

     11,045        262,359  

Ajinomoto Co., Inc.

     7,600        284,225  

Asahi Group Holdings Ltd.

     9,935        366,429  

Astellas Pharma, Inc.(a)

     52,100        565,769  

Bridgestone Corp.

     32,555        1,431,736  

Canon, Inc.

     40,136        1,193,645  

Central Japan Railway Co.

     10,800        265,888  

Chugai Pharmaceutical Co. Ltd.

     30,100        1,148,352  

Dai-ichi Life Holdings, Inc.

     20,800        529,535  

Daiichi Sankyo Co. Ltd.

     15,300        482,924  

Daikin Industries Ltd.(a)

     3,400        462,784  

Daiwa House Industry Co. Ltd.

     30,500        912,511  

Denso Corp.

     88,500        1,685,854  

Disco Corp.

     1,700        642,393  

East Japan Railway Co.

     15,000        289,306  

FANUC Corp.

     10,275        284,125  

Fast Retailing Co. Ltd.

     2,700        840,979  

FUJIFILM Holdings Corp.

     23,700        527,728  

Fujitsu Ltd.(a)

     28,000        460,669  

Hitachi Ltd.

     21,400        1,966,150  

Honda Motor Co. Ltd.

     143,900        1,797,977  

Hoya Corp.

     2,600        321,940  

Inpex Corp.

     40,700      629,412  

ITOCHU Corp.(a)

     43,100        1,841,386  

Japan Post Holdings Co. Ltd.

     148,500        1,503,201  

Japan Tobacco, Inc.

     143,909        3,854,816  

Kao Corp.

     9,700        361,351  

KDDI Corp.

     68,480        2,027,998  

Keyence Corp.

     1,300        597,324  

Komatsu Ltd.

     56,367        1,647,304  

Kubota Corp.

     25,800        406,404  

Marubeni Corp.

     86,200        1,497,372  

Mitsubishi Corp.

     170,415        3,926,374  

Mitsubishi Electric Corp.

     33,681        559,032  

Mitsubishi Estate Co. Ltd.

     27,500        505,955  

Mitsubishi Heavy Industries Ltd.

     68,000        650,818  

Mitsubishi UFJ Financial Group, Inc.

     417,700        4,297,194  

Mitsui Fudosan Co. Ltd.

     49,200        535,578  

Mizuho Financial Group, Inc.(a)

     102,714        2,067,243  

MS&AD Insurance Group Holdings, Inc.

     53,100        951,165  

Murata Manufacturing Co. Ltd.

     34,630        646,173  

Nintendo Co. Ltd.

     32,200        1,743,772  

Nippon Steel Corp.(a)

     66,300        1,606,848  

Nippon Telegraph & Telephone Corp.

     2,358,000        2,801,337  

Nissan Motor Co. Ltd.(a)

     69,600        279,743  

Otsuka Holdings Co. Ltd.

     7,600        316,865  

Panasonic Holdings Corp.

     49,984        477,398  

Recruit Holdings Co. Ltd.

     8,000        354,528  

Secom Co. Ltd.

     5,600        405,537  

Seven & i Holdings Co. Ltd.

     55,800        813,339  

Shin-Etsu Chemical Co. Ltd.

     62,900        2,736,355  

Shionogi & Co. Ltd.

     9,300        476,230  

SMC Corp.

     650        364,330  

SoftBank Corp.(a)

     208,700        2,690,368  

Sompo Holdings, Inc.

     34,800        733,503  

Sony Group Corp.

     8,100        694,959  

Subaru Corp.

     31,800        724,480  

Sumitomo Corp.

     69,110        1,667,645  

Sumitomo Mitsui Financial Group, Inc.

     35,894        2,112,918  

Sumitomo Mitsui Trust Holdings, Inc.

     24,500        535,505  

Suzuki Motor Corp.(a)

     32,868        377,555  

Takeda Pharmaceutical Co. Ltd.(a)

     50,000        1,382,272  

TDK Corp.

     7,600        375,669  

Terumo Corp.

     19,800        357,027  

Tokio Marine Holdings, Inc.

     51,200        1,591,024  

Tokyo Electron Ltd.

     9,950        2,601,483  

Toyota Motor Corp.

     350,265        8,776,008  

Toyota Tsusho Corp.

     12,200        827,467  
     

 

 

 
Total Japan

 

     83,053,543  
Netherlands – 2.6%

 

ASML Holding NV

     3,720        3,584,502  

Ferrovial SE

     16,542        655,301  

Heineken Holding NV

     7,081        572,032  

Heineken NV(a)

     11,237        1,084,227  

ING Groep NV, Series N

     240,910        3,966,747  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2024

 

 

 

Investments    Shares      Value  

JDE Peet’s NV(a)

     12,228      $ 256,993  

Koninklijke Ahold Delhaize NV

     48,667        1,456,973  

Universal Music Group NV(a)

     34,541        1,040,043  

Wolters Kluwer NV

     5,227        819,677  
     

 

 

 
Total Netherlands

 

     13,436,495  
Norway – 1.2%

 

Aker BP ASA

     42,021        1,045,044  

DNB Bank ASA

     112,127        2,223,192  

Equinor ASA

     85,791        2,264,858  

Telenor ASA

     67,410        750,305  
     

 

 

 
Total Norway

 

     6,283,399  
Portugal – 0.2%

 

EDP – Energias de Portugal SA

     176,514        688,193  

Jeronimo Martins SGPS SA

     14,886        295,493  
     

 

 

 
Total Portugal

 

     983,686  
Singapore – 2.3%

 

DBS Group Holdings Ltd.

     142,534        3,805,202  

Oversea-Chinese Banking Corp. Ltd.

     313,312        3,131,727  

Singapore Airlines Ltd.(a)

     240,600        1,140,960  

Singapore Telecommunications Ltd.

     856,900        1,606,370  

United Overseas Bank Ltd.

     108,486        2,356,050  
     

 

 

 
Total Singapore

 

     12,040,309  
Spain – 5.6%

 

Aena SME SA(b)

     6,860        1,351,735  

Amadeus IT Group SA

     9,216        591,623  

Banco Bilbao Vizcaya Argentaria SA

     399,113        4,758,704  

Banco Santander SA

     369,650        1,805,082  

CaixaBank SA(a)

     322,152        1,563,223  

Endesa SA

     121,077        2,244,550  

Iberdrola SA

     397,771        4,938,168  

Industria de Diseno Textil SA

     147,058        7,412,252  

Naturgy Energy Group SA(a)

     64,937        1,409,652  

Repsol SA

     58,561        976,516  

Telefonica SA

     422,647        1,866,460  
     

 

 

 
Total Spain

 

     28,917,965  
Sweden – 2.2%

 

Alfa Laval AB

     6,339        249,467  

Assa Abloy AB, Class B

     19,152        550,061  

Atlas Copco AB, Class A

     43,112        728,976  

Atlas Copco AB, Class B

     30,407        449,738  

Epiroc AB, Class A

     20,292        381,640  

Essity AB, Class B(a)

     13,084        311,052  

Evolution AB(b)

     4,583        570,314  

H & M Hennes & Mauritz AB, Class B

     55,178        900,901  

Sandvik AB

     30,972        688,518  

Skandinaviska Enskilda Banken AB, Class A(a)

     129,754        1,758,959  

Svenska Handelsbanken AB, Class A

     88,639        897,365  

Swedbank AB, Class A(a)

     64,014        1,270,988  

Volvo AB, Class A(a)

     8,052        221,997  

Volvo AB, Class B(a)

     77,494        2,102,483  
     

 

 

 
Total Sweden

 

     11,082,459  
Switzerland – 11.0%

 

ABB Ltd., Registered Shares

     68,626      3,191,677  

Cie Financiere Richemont SA, Class A, Registered Shares

     10,576        1,614,522  

DSM-Firmenich AG

     3,906        444,628  

Geberit AG, Registered Shares

     937        554,481  

Givaudan SA, Registered Shares

     177        789,199  

Holcim AG, Registered Shares

     32,847        2,978,002  

Kuehne & Nagel International AG, Registered Shares(a)

     9,032        2,516,967  

Nestle SA, Registered Shares

     102,000        10,843,233  

Novartis AG, Registered Shares

     111,039        10,771,042  

Partners Group Holding AG

     743        1,062,489  

Roche Holding AG

     21,941        5,595,479  

Roche Holding AG, Bearer Shares

     5,435        1,466,309  

Schindler Holding AG, Participation Certificate

     1,045        263,483  

Schindler Holding AG, Registered Shares

     1,073        262,085  

SGS SA, Registered Shares*(a)

     10,555        1,025,383  

Sika AG, Registered Shares

     2,088        622,668  

Sonova Holding AG, Registered Shares

     830        240,605  

Swiss Life Holding AG, Registered Shares

     1,613        1,132,162  

Swiss Re AG

     20,003        2,575,050  

Swisscom AG, Registered Shares*

     2,883        1,764,945  

UBS Group AG, Registered Shares

     87,068        2,681,544  

Zurich Insurance Group AG

     8,637        4,663,232  
     

 

 

 
Total Switzerland

 

     57,059,185  
United Kingdom – 13.6%

 

Antofagasta PLC

     31,860        820,639  

Ashtead Group PLC

     7,234        515,403  

Associated British Foods PLC

     14,547        459,045  

AstraZeneca PLC

     47,055        6,347,241  

BAE Systems PLC

     108,617        1,851,655  

Barclays PLC

     678,301        1,569,774  

BP PLC

     668,491        4,186,044  

British American Tobacco PLC

     201,127        6,113,012  

BT Group PLC(a)

     604,126        836,807  

Compass Group PLC

     42,467        1,246,207  

Diageo PLC

     50,990        1,884,406  

Haleon PLC

     110,098        463,280  

HSBC Holdings PLC

     1,296,397        10,137,198  

Imperial Brands PLC

     69,971        1,564,518  

Lloyds Banking Group PLC

     3,168,793        2,071,941  

London Stock Exchange Group PLC

     5,031        603,128  

National Grid PLC

     286,643        3,860,005  

NatWest Group PLC

     582,224        1,952,738  

Prudential PLC

     38,341        359,867  

Reckitt Benckiser Group PLC

     31,387        1,788,991  

RELX PLC

     49,901        2,158,402  

Rentokil Initial PLC

     44,025        262,334  

Shell PLC

     209,783        6,956,469  

SSE PLC

     85,080        1,773,375  

Standard Chartered PLC

     54,233        459,975  

Tesco PLC

     376,081        1,409,100  

Unilever PLC

     125,816        6,318,542  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2024

 

 

 

Investments    Shares      Value  

Vodafone Group PLC

     2,582,920      $ 2,299,021  
     

 

 

 
Total United Kingdom               70,269,117  
United States – 2.7%      

GSK PLC

     217,882        4,702,741  

Stellantis NV

     320,248        9,111,887  
     

 

 

 
Total United States               13,814,628  

TOTAL COMMON STOCKS

(Cost: $386,600,785)

              512,194,709  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.1%

 

United States – 7.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $37,005,699)      37,005,699        37,005,699  

TOTAL INVESTMENTS IN SECURITIES – 106.1%

(Cost: $423,606,484)

 

 

     549,200,408  

Other Assets less Liabilities – (6.1)%

 

     (31,781,480
     

 

 

 
NET ASSETS – 100.0%

 

   $ 517,418,928  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $41,407,871 and the total market value of the collateral held by the Fund was $43,910,063. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,904,364.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2024
    Dividend
Income
 

WisdomTree International MidCap Dividend Fund^

  $ 344,680     $ 5,161,771     $ 5,580,571     $ 93,724     $ (19,604   $     $ 48,092  
^ 

As of March 31, 2024, the Fund did not hold a position in this affiliate.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 512,194,709      $      $      $ 512,194,709  

Investment of Cash Collateral for Securities Loaned

            37,005,699               37,005,699  

Total Investments in Securities

   $ 512,194,709      $ 37,005,699      $      $ 549,200,408  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Schedule of Investments

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%      
Australia – 11.7%

 

AGL Energy Ltd.

     27,420      $ 149,193  

ALS Ltd.

     24,795        212,394  

Altium Ltd.

     1,659        70,590  

Ampol Ltd.

     14,045        364,594  

APA Group

     77,844        427,105  

Aurizon Holdings Ltd.

     74,885        195,420  

Bank of Queensland Ltd.(a)

     45,809        188,878  

Beach Energy Ltd.

     55,021        65,869  

Bendigo & Adelaide Bank Ltd.

     55,943        374,096  

BlueScope Steel Ltd.

     13,487        209,854  

Brambles Ltd.

     59,975        631,912  

Brickworks Ltd.(a)

     3,768        70,011  

CAR Group Ltd.

     9,381        220,816  

Challenger Ltd.

     24,936        115,667  

Charter Hall Group(a)

     21,934        196,759  

Cleanaway Waste Management Ltd.

     47,043        83,479  

Cochlear Ltd.

     1,312        288,900  

Coles Group Ltd.

     81,219        897,604  

Computershare Ltd.

     15,880        270,503  

Dexus(a)

     74,672        385,344  

Domino’s Pizza Enterprises Ltd.(a)

     1,800        50,954  

Endeavour Group Ltd.(a)

     74,149        266,545  

GPT Group(a)

     120,418        359,022  

Harvey Norman Holdings Ltd.(a)

     80,616        270,859  

IDP Education Ltd.(a)

     5,663        66,206  

IGO Ltd.(a)

     40,488        186,750  

Incitec Pivot Ltd.

     178,599        336,737  

Insurance Australia Group Ltd.

     61,322        256,041  

JB Hi-Fi Ltd.(a)

     11,027        462,215  

Lottery Corp. Ltd.

     104,507        351,129  

Medibank Pvt Ltd.

     110,998        272,281  

Mineral Resources Ltd.(a)

     5,585        258,226  

Mirvac Group(a)

     213,487        328,698  

New Hope Corp. Ltd.(a)

     81,839        248,272  

Northern Star Resources Ltd.

     25,312        238,951  

Orica Ltd.

     11,662        138,927  

Origin Energy Ltd.

     64,444        386,798  

Pilbara Minerals Ltd.(a)

     177,085        442,481  

Premier Investments Ltd.

     7,023        150,329  

Qube Holdings Ltd.(a)

     49,919        111,054  

Ramsay Health Care Ltd.(a)

     3,319        122,362  

REA Group Ltd.(a)

     1,722        208,363  

Reece Ltd.(a)

     12,677        232,400  

Scentre Group

     335,791        742,648  

SEEK Ltd.(a)

     7,507        122,684  

Seven Group Holdings Ltd.(a)

     8,100        215,447  

Sonic Healthcare Ltd.

     14,645        280,995  

Steadfast Group Ltd.

     34,862        133,735  

Stockland

     159,542        504,813  

Suncorp Group Ltd.

     53,025        566,642  

TPG Telecom Ltd.(a)

     64,772        190,580  

Treasury Wine Estates Ltd.(a)

     18,248        148,217  

Vicinity Ltd.

     302,756      420,713  

Viva Energy Group Ltd.(b)

     110,491        266,712  

Whitehaven Coal Ltd.

     80,758        374,074  

Worley Ltd.

     15,969        174,504  

Yancoal Australia Ltd.(a)

     154,963        529,753  
     

 

 

 
Total Australia

 

     15,836,105  
Austria – 1.7%

 

ANDRITZ AG

     4,629        288,961  

BAWAG Group AG*(b)

     6,400        405,734  

CA Immobilien Anlagen AG

     3,101        109,515  

Mondi PLC

     19,173        337,994  

Telekom Austria AG*

     34,372        287,694  

UNIQA Insurance Group AG

     28,962        250,544  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     5,550        173,227  

voestalpine AG

     10,460        293,717  

Wienerberger AG

     3,994        145,624  
     

 

 

 
Total Austria

 

     2,293,010  
Belgium – 1.6%

 

Ackermans & van Haaren NV

     685        119,848  

Aedifica SA

     3,171        195,035  

Ageas SA

     14,275        661,697  

Azelis Group NV

     3,784        80,059  

Bekaert SA

     3,266        167,687  

Colruyt Group NV

     2,392        110,619  

D’ieteren Group

     1,062        235,815  

Melexis NV(a)

     1,950        158,266  

Solvay SA(a)

     5,981        163,425  

Tessenderlo Group SA

     3,290        86,165  

Warehouses De Pauw CVA

     8,155        233,044  
     

 

 

 
Total Belgium

 

     2,211,660  
China – 0.2%

 

BOC Aviation Ltd.(b)

     29,300        225,746  

Qingdao Port International Co. Ltd., Class H(a)(b)

     115,000        67,591  
     

 

 

 
Total China

 

     293,337  
Denmark – 1.6%

 

H Lundbeck AS

     17,342        83,414  

ISS AS

     3,622        65,921  

Novonesis (Novozymes) B, Class B

     6,800        398,952  

Pandora AS

     2,509        404,877  

Rockwool AS, Class B*

     213        69,977  

Royal Unibrew AS

     1,543        102,033  

Sydbank AS

     4,216        217,805  

Topdanmark AS

     4,309        184,052  

Tryg AS

     28,750        591,942  
     

 

 

 
Total Denmark

 

     2,118,973  
Egypt – 0.2%

 

Energean PLC(a)

     19,526        269,602  
Finland – 2.2%

 

Cargotec OYJ, Class B

     1,827        127,367  

Elisa OYJ

     12,213        545,408  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Huhtamaki OYJ(a)

     3,009      $ 126,187  

Kemira OYJ

     8,624        163,180  

Kesko OYJ, Class A(a)

     3,406        64,594  

Kesko OYJ, Class B

     19,892        371,984  

Konecranes OYJ

     4,483        232,931  

Metsa Board OYJ, Class B(a)

     23,352        177,046  

Metso OYJ

     27,173        322,962  

Orion OYJ, Class B

     4,114        153,599  

TietoEVRY OYJ(a)

     8,067        170,849  

Valmet OYJ(a)

     10,786        284,116  

Wartsila OYJ Abp

     14,151        215,339  
     

 

 

 
Total Finland

 

     2,955,562  
France – 7.9%

 

Accor SA

     5,654        264,404  

Aeroports de Paris SA

     2,700        370,624  

Alten SA

     612        89,362  

Amundi SA(b)

     15,451        1,062,133  

Arkema SA

     2,755        290,220  

BioMerieux

     1,079        119,154  

Bouygues SA

     19,035        777,702  

Bureau Veritas SA

     22,098        674,926  

Carrefour SA

     22,062        378,253  

Eiffage SA

     5,808        659,568  

Elis SA

     8,283        188,395  

Eurazeo SE

     3,024        265,356  

Gaztransport & Technigaz SA

     956        142,998  

Gecina SA

     4,033        412,261  

Getlink SE

     24,838        423,299  

Imerys SA

     4,767        162,585  

Interparfums SA

     2,565        144,604  

Ipsen SA

     918        109,356  

Klepierre SA(a)

     19,824        513,838  

La Francaise des Jeux SAEM(b)

     11,853        483,631  

Nexans SA

     1,251        130,920  

Remy Cointreau SA

     857        86,484  

Renault SA

     2,062        104,211  

Rexel SA

     25,897        700,058  

SCOR SE

     8,283        286,887  

SEB SA

     1,334        170,869  

Societe BIC SA

     1,758        125,690  

Sopra Steria Group

     468        113,421  

SPIE SA

     6,981        262,525  

Technip Energies NV

     4,767        120,523  

Teleperformance SE

     1,917        186,498  

Valeo SE

     6,047        75,691  

Verallia SA(b)

     7,538        293,403  

Vivendi SE

     27,728        302,457  

Wendel SE

     1,764        180,224  
     

 

 

 
Total France

 

     10,672,530  
Germany – 4.8%

 

AIXTRON SE

     1,299        34,372  

Aurubis AG

     961        67,649  

Bechtle AG

     1,840        97,333  

Brenntag SE

     4,050      341,522  

Carl Zeiss Meditec AG, Bearer Shares

     1,250        156,330  

CTS Eventim AG & Co. KGaA

     2,596        231,163  

DWS Group GmbH & Co. KGaA(b)

     13,030        573,873  

Evonik Industries AG

     28,143        556,978  

Fielmann Group AG

     1,452        66,741  

Freenet AG

     7,535        212,234  

Fresenius Medical Care AG

     9,565        368,272  

GEA Group AG

     4,894        207,140  

Gerresheimer AG

     440        49,611  

HochTief AG

     4,436        515,978  

Hugo Boss AG

     1,835        108,246  

K&S AG, Registered Shares

     10,170        158,823  

Knorr-Bremse AG

     3,855        291,854  

Krones AG

     566        75,004  

MTU Aero Engines AG

     950        241,315  

Nemetschek SE

     641        63,496  

Puma SE

     2,312        104,922  

Rheinmetall AG

     687        386,561  

Scout24 SE(b)

     1,335        100,724  

Siltronic AG

     1,003        89,042  

Sixt SE

     1,403        140,084  

Softwareone Holding AG*

     2,802        51,703  

Stroeer SE & Co. KGaA

     3,359        204,603  

Suedzucker AG

     9,018        129,437  

Symrise AG

     1,406        168,475  

thyssenkrupp AG

     13,087        70,302  

Traton SE

     16,774        603,985  

United Internet AG, Registered Shares

     4,237        95,455  
     

 

 

 
Total Germany

 

     6,563,227  
Hong Kong – 2.9%

 

Bank of East Asia Ltd.

     128,580        153,117  

Hong Kong & China Gas Co. Ltd.

     1,034,000        783,448  

Link REIT

     167,400        719,740  

Power Assets Holdings Ltd.

     143,000        836,829  

Swire Pacific Ltd., Class A

     47,000        386,740  

Swire Pacific Ltd., Class B

     267,500        348,626  

Swire Properties Ltd.

     347,000        728,898  
     

 

 

 
Total Hong Kong

 

     3,957,398  
Ireland – 0.9%

 

AIB Group PLC

     52,935        268,927  

Bank of Ireland Group PLC

     23,429        239,116  

Glanbia PLC

     8,119        160,289  

Smurfit Kappa Group PLC

     11,006        502,441  
     

 

 

 
Total Ireland

 

     1,170,773  
Israel – 3.3%

 

Azrieli Group Ltd.

     4,052        294,303  

Bank Hapoalim BM

     85,399        815,832  

Bank Leumi Le-Israel BM

     75,156        635,924  

Bezeq The Israeli Telecommunication Corp. Ltd.

     129,945        167,765  

Delek Group Ltd.

     1,852        244,662  

Elbit Systems Ltd.

     422        89,268  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2024

 

 

 

Investments    Shares      Value  

First International Bank of Israel Ltd.

     9,824      $ 414,015  

ICL Group Ltd.

     129,980        692,172  

Israel Discount Bank Ltd., Class A

     87,439        464,438  

Mizrahi Tefahot Bank Ltd.

     11,619        443,994  

Newmed Energy LP

     60,536        154,541  

Phoenix Holdings Ltd.

     7,524        78,244  
     

 

 

 
Total Israel

 

     4,495,158  
Italy – 5.9%

 

A2A SpA

     215,579        389,633  

Amplifon SpA(a)

     2,726        99,510  

Azimut Holding SpA

     8,601        233,899  

Banca Generali SpA(a)

     8,681        345,205  

Banca Mediolanum SpA

     66,621        732,458  

Banco BPM SpA

     102,158        680,519  

BPER Banca

     51,530        243,757  

Brembo SpA

     12,721        163,078  

Brunello Cucinelli SpA(a)

     935        107,039  

Buzzi SpA

     4,767        187,400  

Credito Emiliano SpA

     20,403        204,267  

De’ Longhi SpA

     3,439        119,075  

DiaSorin SpA(a)

     711        68,725  

ERG SpA(a)

     5,716        143,714  

FinecoBank Banca Fineco SpA(a)

     24,795        371,821  

Hera SpA

     62,048        218,861  

Infrastrutture Wireless Italiane SpA(a)(b)

     29,856        339,534  

Interpump Group SpA

     1,136        55,443  

Iren SpA

     70,493        144,195  

Italgas SpA

     74,438        434,122  

Leonardo SpA

     9,058        227,740  

Mediobanca Banca di Credito Finanziario SpA

     56,292        839,584  

Prysmian SpA

     6,481        338,705  

Recordati Industria Chimica & Farmaceutica SpA

     5,352        296,175  

Reply SpA

     562        79,633  

Unipol Gruppo SpA

     47,869        401,491  

UnipolSai Assicurazioni SpA

     180,728        523,880  
     

 

 

 
Total Italy

 

     7,989,463  
Japan – 23.8%

 

ABC-Mart, Inc.

     8,534        163,440  

Aeon Mall Co. Ltd.(a)

     6,500        76,963  

AGC, Inc.

     8,828        322,450  

Air Water, Inc.

     6,800        107,608  

Aisin Corp.

     9,300        382,274  

Alfresa Holdings Corp.

     6,900        101,326  

Amada Co. Ltd.(a)

     17,500        198,710  

Asahi Kasei Corp.

     50,620        371,928  

Asics Corp.

     3,400        164,019  

Azbil Corp.(a)

     2,200        60,965  

Bandai Namco Holdings, Inc.

     14,200        265,338  

BIPROGY, Inc.

     2,200        65,864  

Canon Marketing Japan, Inc.

     5,300        157,167  

Capcom Co. Ltd.

     7,000        129,274  

Chiba Bank Ltd.

     21,200        176,708  

Chubu Electric Power Co., Inc.

     29,900        392,951  

Coca-Cola Bottlers Japan Holdings, Inc.

     5,600      82,069  

COMSYS Holdings Corp.

     6,300        147,692  

Concordia Financial Group Ltd.

     36,100        183,619  

Cosmo Energy Holdings Co. Ltd.(a)

     3,000        152,136  

Daicel Corp.

     8,800        88,032  

Daifuku Co. Ltd.

     4,900        116,037  

Daito Trust Construction Co. Ltd.

     2,020        232,905  

Daiwa Securities Group, Inc.

     46,500        353,639  

Dentsu Group, Inc.

     9,500        263,322  

Dentsu Soken, Inc.

     1,700        56,388  

Ebara Corp.

     3,900        355,354  

Electric Power Development Co. Ltd.

     10,700        176,466  

ENEOS Holdings, Inc.

     113,400        547,949  

Fuji Electric Co. Ltd.

     2,775        187,940  

Fukuoka Financial Group, Inc.(a)

     6,100        163,075  

Hachijuni Bank Ltd.

     13,700        94,143  

Hakuhodo DY Holdings, Inc.(a)

     8,600        78,729  

Hamamatsu Photonics KK

     2,200        77,813  

Hankyu Hanshin Holdings, Inc.

     2,400        69,743  

Haseko Corp.(a)

     13,600        170,376  

Hirose Electric Co. Ltd.

     1,075        109,990  

Hitachi Construction Machinery Co. Ltd.

     6,700        200,055  

Hoshizaki Corp.

     2,200        81,738  

Hulic Co. Ltd.

     36,100        374,847  

Idemitsu Kosan Co. Ltd.

     50,530        347,896  

IHI Corp.(a)

     5,400        146,253  

Iida Group Holdings Co. Ltd.(a)

     9,900        130,402  

INFRONEER Holdings, Inc.(a)

     13,400        127,807  

Internet Initiative Japan, Inc.

     3,700        69,333  

Isuzu Motors Ltd.(a)

     36,400        494,248  

J Front Retailing Co. Ltd.

     8,600        96,089  

Japan Airlines Co. Ltd.

     10,200        196,627  

Japan Exchange Group, Inc.

     11,000        298,721  

Japan Post Insurance Co. Ltd.(a)

     12,600        241,893  

JFE Holdings, Inc.(a)

     22,400        375,936  

JTEKT Corp.

     13,700        129,265  

Kajima Corp.

     15,376        317,588  

Kansai Electric Power Co., Inc.

     22,388        324,626  

Kansai Paint Co. Ltd.(a)

     5,100        73,326  

Kawasaki Heavy Industries Ltd.(a)

     4,900        165,022  

Kikkoman Corp.

     9,000        117,090  

Kintetsu Group Holdings Co. Ltd.(a)

     2,200        64,716  

Kirin Holdings Co. Ltd.

     29,000        402,009  

Kobe Steel Ltd.(a)

     22,600        307,018  

Koei Tecmo Holdings Co. Ltd.(a)

     8,320        89,057  

Koito Manufacturing Co. Ltd.

     3,800        63,649  

Konami Group Corp.

     2,200        149,215  

Kose Corp.

     1,100        57,920  

Kuraray Co. Ltd.

     13,500        146,422  

Kurita Water Industries Ltd.

     2,100        87,430  

Kyowa Kirin Co. Ltd.

     11,800        209,772  

Kyushu Railway Co.

     6,800        159,189  

Lawson, Inc.

     2,300        157,062  

Lion Corp.

     5,100        45,762  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2024

 

 

 

Investments    Shares      Value  

M3, Inc.

     6,100      $ 86,132  

Macnica Holdings, Inc.(a)

     1,900        93,264  

Marui Group Co. Ltd.(a)

     6,500        105,030  

MatsukiyoCocokara & Co.

     5,600        90,265  

Mazda Motor Corp.

     27,800        322,461  

Mebuki Financial Group, Inc.

     29,300        99,044  

Medipal Holdings Corp.

     4,900        75,113  

MEIJI Holdings Co. Ltd.

     6,900        154,372  

Minebea Mitsumi, Inc.

     6,300        122,841  

MISUMI Group, Inc.

     2,200        30,017  

Mitsubishi Chemical Group Corp.

     77,700        470,271  

Mitsubishi Gas Chemical Co., Inc.(a)

     8,000        136,906  

Mitsubishi Motors Corp.(a)

     28,800        96,251  

Mitsui Chemicals, Inc.(a)

     6,300        180,285  

Miura Co. Ltd.

     2,900        56,057  

MonotaRO Co. Ltd.

     6,600        79,259  

NGK Insulators Ltd.

     8,500        114,573  

NH Foods Ltd.(a)

     2,200        73,961  

Nichirei Corp.

     4,700        128,660  

Nifco, Inc.

     2,500        63,778  

Nikon Corp.(a)

     11,400        115,322  

Nippon Express Holdings, Inc.

     5,000        255,443  

Nippon Sanso Holdings Corp.

     5,400        169,409  

Nippon Shinyaku Co. Ltd.

     1,800        53,163  

Nissan Chemical Corp.

     3,000        113,482  

Nisshin Seifun Group, Inc.

     9,100        126,238  

Nissin Foods Holdings Co. Ltd.(a)

     5,600        155,407  

Niterra Co. Ltd.(a)

     14,400        483,727  

Nitori Holdings Co. Ltd.

     1,100        171,529  

Nitto Denko Corp.

     5,500        500,776  

NOF Corp.

     7,200        99,214  

Nomura Holdings, Inc.

     115,300        744,770  

Nomura Real Estate Holdings, Inc.

     9,768        283,982  

NS Solutions Corp.

     2,200        71,809  

NSK Ltd.

     20,500        119,699  

Obayashi Corp.

     24,300        299,044  

Odakyu Electric Railway Co. Ltd.

     5,300        72,700  

Oji Holdings Corp.(a)

     25,262        106,476  

Omron Corp.

     3,500        125,135  

Ono Pharmaceutical Co. Ltd.(a)

     14,600        236,782  

Open House Group Co. Ltd.

     4,000        130,800  

Oracle Corp.

     2,600        196,789  

Osaka Gas Co. Ltd.

     9,500        212,917  

Otsuka Corp.

     8,200        173,216  

Pan Pacific International Holdings Corp.

     4,500        120,212  

Persol Holdings Co. Ltd.

     82,400        116,240  

Pola Orbis Holdings, Inc.

     6,400        61,380  

Resona Holdings, Inc.

     60,500        379,881  

Resonac Holdings Corp.

     5,000        119,793  

Ricoh Co. Ltd.

     15,800        141,093  

Rinnai Corp.

     2,900        66,759  

Rohm Co. Ltd.

     7,500        120,346  

Rohto Pharmaceutical Co. Ltd.

     2,600        50,971  

Ryohin Keikaku Co. Ltd.

     4,900        81,718  

Sankyo Co. Ltd.

     18,000      199,095  

Santen Pharmaceutical Co. Ltd.

     9,400        95,432  

Sanwa Holdings Corp.

     10,100        178,916  

SBI Holdings, Inc.(a)

     12,600        328,935  

SCREEN Holdings Co. Ltd.(a)

     3,200        422,135  

SCSK Corp.

     9,100        170,612  

Sega Sammy Holdings, Inc.

     9,200        122,367  

Seibu Holdings, Inc.

     6,400        102,441  

Seiko Epson Corp.(a)

     13,600        237,727  

Seino Holdings Co. Ltd.(a)

     6,900        96,425  

Sekisui Chemical Co. Ltd.

     20,000        294,691  

Sekisui House Ltd.

     24,900        578,305  

Seven Bank Ltd.(a)

     44,900        87,726  

SG Holdings Co. Ltd.

     16,200        203,697  

Shimadzu Corp.

     4,300        120,182  

Shimano, Inc.

     1,400        211,371  

Shimizu Corp.

     15,800        104,449  

Shinko Electric Industries Co. Ltd.

     1,900        70,516  

Shizuoka Financial Group, Inc.

     14,300        136,721  

Socionext, Inc.(a)

     5,100        142,879  

Sohgo Security Services Co. Ltd.

     15,200        83,550  

Sojitz Corp.(a)

     14,380        378,824  

SUMCO Corp.(a)

     14,700        233,790  

Sumitomo Electric Industries Ltd.

     23,612        366,244  

Sumitomo Forestry Co. Ltd.

     7,000        227,282  

Sumitomo Heavy Industries Ltd.

     3,300        102,939  

Sumitomo Realty & Development Co. Ltd.

     6,600        252,801  

Sumitomo Rubber Industries Ltd.

     6,400        79,416  

Sundrug Co. Ltd.

     2,900        89,427  

Suzuken Co. Ltd.

     2,100        64,369  

Sysmex Corp.

     6,900        121,341  

T&D Holdings, Inc.

     14,751        253,168  

Taisei Corp.

     4,475        166,173  

Taiyo Yuden Co. Ltd.(a)

     3,100        74,251  

TIS, Inc.

     4,200        91,274  

Tobu Railway Co. Ltd.

     2,400        59,958  

Toho Co. Ltd.

     2,100        68,656  

Tokyo Gas Co. Ltd.

     11,300        262,145  

Tokyo Ohka Kogyo Co. Ltd.

     2,200        66,562  

Tokyo Tatemono Co. Ltd.

     9,000        156,487  

Tokyu Corp.

     6,100        74,323  

Tokyu Fudosan Holdings Corp.

     33,300        274,704  

Toray Industries, Inc.

     36,300        177,512  

Tosoh Corp.(a)

     12,900        175,756  

Toyo Seikan Group Holdings Ltd.

     6,600        106,340  

Toyo Suisan Kaisha Ltd.

     1,600        100,168  

Toyoda Gosei Co. Ltd.(a)

     3,700        79,332  

Toyota Boshoku Corp.

     7,300        123,914  

Trend Micro, Inc.(a)

     3,530        182,652  

Tsuruha Holdings, Inc.

     1,200        85,315  

USS Co. Ltd.

     19,800        165,169  

Welcia Holdings Co. Ltd.

     4,600        77,946  

West Japan Railway Co.

     10,200        211,420  

Yakult Honsha Co. Ltd.(a)

     5,000        103,043  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Yamada Holdings Co. Ltd.

     22,000      $ 64,134  

Yamaha Motor Co. Ltd.

     36,480        343,119  

Yamato Holdings Co. Ltd.

     6,700        95,534  

Yamazaki Baking Co. Ltd.

     2,200        56,997  

Yaskawa Electric Corp.

     3,700        155,070  

Yokogawa Electric Corp.

     4,100        94,654  

Yokohama Rubber Co. Ltd.

     4,500        119,707  

Zeon Corp.(a)

     6,200        54,116  

ZOZO, Inc.(a)

     8,600        216,271  
     

 

 

 
Total Japan

 

     32,187,622  
Jordan – 0.1%

 

Hikma Pharmaceuticals PLC

     8,462        205,080  
Netherlands – 3.3%

 

Aalberts NV

     3,878        186,753  

Aegon Ltd.(a)

     103,255        630,062  

Akzo Nobel NV

     4,885        364,980  

Arcadis NV

     1,572        96,348  

BE Semiconductor Industries NV(a)

     3,268        500,827  

CTP NV(b)

     14,514        258,953  

Euronext NV(b)

     3,249        309,487  

IMCD NV(a)

     1,127        198,823  

Koninklijke KPN NV

     251,200        940,312  

Koninklijke Vopak NV

     6,829        263,520  

Randstad NV(a)

     9,446        499,066  

Signify NV(b)

     7,000        216,065  
     

 

 

 
Total Netherlands

 

     4,465,196  
Norway – 2.5%

 

Aker ASA, Class A

     3,115        179,028  

Gjensidige Forsikring ASA

     22,286        322,932  

Kongsberg Gruppen ASA

     6,502        449,205  

Leroy Seafood Group ASA

     32,480        142,990  

Mowi ASA

     20,521        376,330  

Orkla ASA

     37,802        266,704  

SpareBank 1 SR-Bank ASA

     20,837        261,217  

Storebrand ASA

     16,550        152,554  

TOMRA Systems ASA

     6,808        106,401  

Var Energi ASA

     236,876        778,407  

Wallenius Wilhelmsen ASA

     41,614        338,901  
     

 

 

 
Total Norway

 

     3,374,669  
Portugal – 0.7%

 

Galp Energia SGPS SA

     26,089        431,517  

Navigator Co. SA

     105,685        462,266  
     

 

 

 
Total Portugal

 

     893,783  
Singapore – 2.0%

 

CapitaLand Investment Ltd.

     191,500        380,276  

City Developments Ltd.(a)

     23,300        100,997  

Genting Singapore Ltd.

     453,400        297,317  

Keppel Ltd.

     132,300        719,533  

Sembcorp Industries Ltd.

     53,300        213,263  

Singapore Exchange Ltd.

     50,400        343,942  

Singapore Technologies Engineering Ltd.

     120,704        359,536  

UOL Group Ltd.

     19,700        83,932  

Venture Corp. Ltd.(a)

     18,100      191,380  
     

 

 

 
Total Singapore

 

     2,690,176  
Spain – 4.3%

 

Acciona SA

     1,963        239,246  

Acerinox SA

     14,440        158,525  

ACS Actividades de Construccion y Servicios SA

     14,640        613,158  

Banco de Sabadell SA

     174,815        274,704  

Bankinter SA(a)

     53,802        394,076  

Cia de Distribucion Integral Logista Holdings SA

     10,886        304,503  

CIE Automotive SA

     5,762        165,531  

Corp. ACCIONA Energias Renovables SA(a)

     8,291        180,697  

Ebro Foods SA(a)

     5,191        86,561  

Enagas SA(a)

     23,857        354,663  

Fluidra SA

     7,054        166,994  

Fomento de Construcciones y Contratas SA

     13,285        181,356  

Gestamp Automocion SA(b)

     31,259        100,604  

Grupo Catalana Occidente SA(a)

     4,943        189,248  

Indra Sistemas SA(a)

     5,712        118,506  

Inmobiliaria Colonial Socimi SA

     23,707        140,564  

Laboratorios Farmaceuticos Rovi SA

     1,546        135,077  

Mapfre SA(a)

     211,925        536,035  

Merlin Properties Socimi SA

     52,638        567,069  

Redeia Corp. SA

     31,379        535,621  

Unicaja Banco SA(a)(b)

     120,196        148,894  

Vidrala SA(a)

     739        76,779  

Viscofan SA(a)

     1,868        118,827  
     

 

 

 
Total Spain

 

     5,787,238  
Sweden – 2.5%

 

AAK AB

     4,659        110,848  

AddTech AB, Class B

     3,693        84,203  

Avanza Bank Holding AB(a)

     5,675        122,548  

Axfood AB

     7,278        211,821  

Elekta AB, Class B(a)

     10,867        82,016  

Hexpol AB

     10,552        128,883  

Holmen AB, Class B*

     1,877        76,431  

Husqvarna AB, Class B(a)

     19,154        164,158  

Indutrade AB*

     4,519        123,365  

Investment AB Latour, Class B(a)

     10,687        281,353  

L E Lundbergforetagen AB, Class B

     1,279        69,305  

Lifco AB, Class B

     4,446        116,258  

Nibe Industrier AB, Class B(a)

     16,904        83,092  

Nordnet AB publ(a)

     8,248        151,498  

Saab AB, Class B

     1,356        120,729  

Sagax AB, Class B

     3,790        100,097  

Securitas AB, Class B

     18,324        189,108  

Skanska AB, Class B(a)

     16,855        300,290  

SKF AB, Class B(a)

     15,002        306,561  

Svenska Cellulosa AB SCA, Class B(a)

     9,590        147,358  

Sweco AB, Class B(a)

     8,765        98,777  

Thule Group AB(a)(b)

     4,145        125,095  

Trelleborg AB, Class B

     6,800        243,507  
     

 

 

 
Total Sweden

 

     3,437,301  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2024

 

 

 

Investments    Shares      Value  
Switzerland – 5.2%

 

Accelleron Industries AG

     4,155      $ 155,830  

Adecco Group AG, Registered Shares

     11,117        440,138  

Allreal Holding AG, Registered Shares

     685        117,728  

Baloise Holding AG, Registered Shares

     2,332        365,839  

Banque Cantonale Vaudoise, Registered Shares(a)

     4,418        514,052  

BKW AG

     1,299        199,602  

Clariant AG, Registered Shares*

     9,826        132,984  

Coca-Cola HBC AG*

     16,292        515,139  

DKSH Holding AG

     2,354        160,340  

EFG International AG*

     17,063        213,311  

Flughafen Zurich AG, Registered Shares

     912        207,167  

Galenica AG(b)

     2,055        171,573  

Georg Fischer AG, Registered Shares

     3,189        236,865  

Helvetia Holding AG, Registered Shares(a)

     3,519        485,635  

Julius Baer Group Ltd.

     13,461        778,338  

Logitech International SA, Registered Shares

     2,517        225,683  

PSP Swiss Property AG, Registered Shares

     1,400        183,724  

SFS Group AG(a)

     1,419        186,847  

SIG Group AG*(a)

     8,030        178,306  

Stadler Rail AG(a)

     2,698        86,029  

Sulzer AG, Registered Shares

     2,164        263,563  

Swatch Group AG, Bearer Shares(a)

     668        155,301  

Swatch Group AG, Registered Shares

     3,013        136,818  

Swiss Prime Site AG, Registered Shares

     4,238        400,180  

Swissquote Group Holding SA, Registered Shares

     175        49,195  

VAT Group AG(b)

     584        302,990  

Vontobel Holding AG, Registered Shares

     2,742        166,523  
     

 

 

 
Total Switzerland

 

     7,029,700  
United Kingdom – 10.0%

 

Admiral Group PLC

     11,710        419,668  

Airtel Africa PLC(b)

     134,294        179,486  

Auto Trader Group PLC(b)

     17,530        155,058  

Beazley PLC

     24,174        203,229  

Bellway PLC

     7,406        249,234  

Berkeley Group Holdings PLC

     3,360        201,954  

British Land Co. PLC

     62,658        312,812  

Britvic PLC

     13,111        136,143  

Bunzl PLC

     9,995        384,846  

Burberry Group PLC

     12,508        191,663  

Centrica PLC

     172,840        278,711  

Computacenter PLC

     3,214        109,460  

ConvaTec Group PLC(b)

     46,733        169,078  

DCC PLC

     3,870        281,594  

Derwent London PLC

     3,953        108,262  

Diploma PLC

     3,581        168,372  

DS Smith PLC

     116,023        581,427  

Dunelm Group PLC

     11,838        169,283  

Games Workshop Group PLC

     2,032        257,719  

Greggs PLC

     3,552        128,958  

Halma PLC

     3,872        115,826  

Harbour Energy PLC

     57,508        200,360  

Hargreaves Lansdown PLC(a)

     24,747        230,086  

Howden Joinery Group PLC

     24,372      279,185  

IMI PLC

     6,822        156,415  

Inchcape PLC

     16,463        150,569  

Informa PLC

     33,657        353,403  

InterContinental Hotels Group PLC

     4,719        491,328  

Intertek Group PLC

     4,228        266,250  

Investec PLC

     43,570        292,592  

ITV PLC

     290,510        271,203  

J Sainsbury PLC

     107,526        367,290  

JD Sports Fashion PLC

     34,373        58,402  

JET2 PLC

     3,233        58,893  

Johnson Matthey PLC

     9,171        207,260  

Land Securities Group PLC

     46,804        389,162  

Melrose Industries PLC

     15,965        135,729  

Next PLC

     5,251        612,389  

Pearson PLC

     15,206        200,158  

Renishaw PLC

     1,691        90,787  

Rightmove PLC

     20,996        145,771  

Rotork PLC

     27,555        114,452  

RS Group PLC

     13,458        123,562  

Sage Group PLC

     21,113        337,521  

Schroders PLC

     86,980        413,799  

Severn Trent PLC

     9,141        285,220  

Smith & Nephew PLC

     27,204        340,768  

Smiths Group PLC

     12,476        258,705  

Softcat PLC

     4,308        86,420  

Spectris PLC

     3,741        156,283  

Spirax-Sarco Engineering PLC

     1,296        164,536  

St. James’s Place PLC

     39,095        229,401  

Tate & Lyle PLC

     10,148        79,160  

Unite Group PLC

     15,189        187,654  

United Utilities Group PLC

     25,931        337,073  

Virgin Money U.K. PLC

     89,010        240,513  

Weir Group PLC

     7,816        199,643  

Whitbread PLC

     4,253        178,048  
     

 

 

 
Total United Kingdom

 

     13,492,773  

TOTAL COMMON STOCKS

(Cost: $118,513,802)

 

 

     134,390,336  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.8%

 

United States – 9.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $13,310,172)      13,310,172        13,310,172  

TOTAL INVESTMENTS IN SECURITIES – 109.1%

(Cost: $131,823,974)

 

 

     147,700,508  

Other Assets less Liabilities – (9.1)%

 

     (12,312,231
     

 

 

 
NET ASSETS – 100.0%

 

   $ 135,388,277  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $21,350,166 and the total market value of the collateral held by the Fund was $22,548,534. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $9,238,362.

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Schedule of Investments (concluded)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2024

 

 

 

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

FINANCIAL DERIVATIVE INSTRUMENTS

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

HSBC Holdings PLC

    4/2/2024       26,062       USD       40,000       AUD     $     $ (34

JP Morgan Chase Bank NA

    4/1/2024       33,031       USD       5,000,000       JPY             (7
                                            $     $ (41

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 - Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

   $ 134,390,336      $      $      $ 134,390,336  

Investment of Cash Collateral for Securities Loaned

            13,310,172               13,310,172  

Total Investments in Securities

   $ 134,390,336      $ 13,310,172      $      $ 147,700,508  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (41    $      $ (41

Total – Net

   $ 134,390,336      $ 13,310,131      $      $ 147,700,467  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Schedule of Investments

WisdomTree International Multifactor Fund (DWMF)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.5%

 

Australia – 10.0%

 

Ampol Ltd.(a)

     15,985      $ 414,955  

Aristocrat Leisure Ltd.

     5,020        140,827  

ASX Ltd.(a)

     6,086        263,721  

BHP Group Ltd.

     8,813        254,535  

BlueScope Steel Ltd.

     6,361        98,975  

Brambles Ltd.

     19,424        204,656  

Cochlear Ltd.(a)

     1,225        269,743  

Coles Group Ltd.

     10,451        115,501  

Computershare Ltd.

     8,505        144,876  

EBOS Group Ltd.(a)

     8,196        167,908  

Lottery Corp. Ltd.(a)

     41,919        140,842  

Medibank Pvt Ltd.

     113,889        279,372  

Orica Ltd.

     14,070        167,613  

Origin Energy Ltd.

     31,692        190,218  

Qantas Airways Ltd.*

     35,896        127,631  

QBE Insurance Group Ltd.

     22,852        270,294  

Sonic Healthcare Ltd.

     14,374        275,795  

Suncorp Group Ltd.

     25,432        271,774  

Telstra Group Ltd.

     70,020        176,329  

Wesfarmers Ltd.

     3,715        165,779  

Woolworths Group Ltd.(a)

     5,018        108,590  
     

 

 

 
Total Australia

 

     4,249,934  
Austria – 0.7%

 

Erste Group Bank AG

     5,506        245,590  

Verbund AG

     973        71,194  
     

 

 

 
Total Austria

 

     316,784  
China – 0.3%

 

BOC Hong Kong Holdings Ltd.

     53,000        141,871  
Denmark – 2.5%

 

Novo Nordisk AS, Class B

     2,868        365,969  

Rockwool AS, Class B*

     761        250,012  

Tryg AS

     21,082        434,064  
     

 

 

 
Total Denmark

 

     1,050,045  
France – 11.1%

 

Bouygues SA

     7,937        324,277  

Carrefour SA

     15,743        269,914  

Cie Generale des Etablissements Michelin SCA

     8,356        320,550  

Danone SA

     4,435        286,861  

Dassault Aviation SA

     1,174        258,656  

Eiffage SA

     2,773        314,907  

Engie SA

     21,437        359,087  

La Francaise des Jeux SAEM(b)

     7,797        318,136  

Orange SA

     29,776        350,137  

Publicis Groupe SA

     2,807        306,339  

Sanofi SA

     3,823        375,559  

Sodexo SA

     4,069        349,277  

Thales SA

     1,775        302,982  

TotalEnergies SE

     8,271        566,957  
     

 

 

 
Total France

 

     4,703,639  
Germany – 5.3%

 

Beiersdorf AG

     1,122      163,527  

Brenntag SE

     1,989        167,725  

Deutsche Telekom AG, Registered Shares

     15,436        375,095  

E.ON SE

     16,191        225,311  

GEA Group AG

     3,959        167,566  

Hannover Rueck SE

     1,219        334,001  

Heidelberg Materials AG

     1,579        173,857  

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares

     664        324,353  

Talanx AG

     4,067        322,399  
     

 

 

 
Total Germany

 

     2,253,834  
Hong Kong – 0.6%

 

Jardine Matheson Holdings Ltd.

     4,500        167,850  

WH Group Ltd.(b)

     156,000        102,851  
     

 

 

 
Total Hong Kong

 

     270,701  
Ireland – 0.7%

 

AerCap Holdings NV*

     2,415        209,888  

Kerry Group PLC, Class A

     1,033        88,626  
     

 

 

 
Total Ireland

 

     298,514  
Israel – 1.8%

 

Check Point Software Technologies Ltd.*

     2,691        441,351  

Teva Pharmaceutical Industries Ltd., ADR*

     21,914        309,206  
     

 

 

 
Total Israel

 

     750,557  
Italy – 1.7%

 

Assicurazioni Generali SpA

     11,185        283,392  

Enel SpA

     24,630        162,768  

Leonardo SpA

     4,001        100,595  

Terna – Rete Elettrica Nazionale(a)

     19,457        160,964  
     

 

 

 
Total Italy

 

     707,719  
Japan – 24.4%

 

AGC, Inc.

     4,200        153,408  

ANA Holdings, Inc.(a)

     8,600        182,404  

Asahi Group Holdings Ltd.

     1,700        62,700  

Bridgestone Corp.

     3,600        158,324  

Brother Industries Ltd.

     12,300        229,307  

Canon, Inc.

     9,400        279,556  

Central Japan Railway Co.

     6,200        152,639  

Chubu Electric Power Co., Inc.

     6,800        89,367  

East Japan Railway Co.(a)

     7,800        150,439  

Hankyu Hanshin Holdings, Inc.

     4,400        127,862  

Hitachi Ltd.

     1,000        91,876  

Inpex Corp.

     20,000        309,293  

Japan Airlines Co. Ltd.

     9,200        177,350  

Japan Tobacco, Inc.

     4,500        120,539  

JFE Holdings, Inc.

     2,900        48,670  

Kansai Electric Power Co., Inc.

     6,302        91,379  

KDDI Corp.

     5,200        153,995  

Kintetsu Group Holdings Co. Ltd.(a)

     5,400        158,848  

Kirin Holdings Co. Ltd.

     10,200        141,396  

Komatsu Ltd.

     2,400        70,139  

Konami Group Corp.

     1,200        81,390  

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Schedule of Investments (continued)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2024

 

 

 

Investments    Shares      Value  

Kyowa Kirin Co. Ltd.

     9,000      $ 159,995  

Mazda Motor Corp.

     3,600        41,758  

McDonald’s Holdings Co. Japan Ltd.(a)

     3,900        176,775  

MEIJI Holdings Co. Ltd.

     3,500        78,305  

Mitsubishi Chemical Group Corp.

     15,700        95,023  

Mitsubishi Corp.

     2,600        59,904  

Mitsubishi UFJ Financial Group, Inc.

     16,500        169,748  

Mizuho Financial Group, Inc.

     9,800        197,237  

MS&AD Insurance Group Holdings, Inc.

     11,100        198,831  

Nippon Express Holdings, Inc.

     2,700        137,939  

Nippon Steel Corp.(a)

     3,000        72,708  

Nippon Telegraph & Telephone Corp.

     140,200        166,560  

Nissin Foods Holdings Co. Ltd.

     2,300        63,828  

Obayashi Corp.

     11,700        143,984  

Oji Holdings Corp.(a)

     54,500        229,711  

Ono Pharmaceutical Co. Ltd.(a)

     15,500        251,378  

Oracle Corp.

     2,600        196,789  

Osaka Gas Co. Ltd.

     6,400        143,439  

Otsuka Corp.

     11,600        245,038  

Otsuka Holdings Co. Ltd.

     6,200        258,495  

Renesas Electronics Corp.

     9,700        171,158  

Ricoh Co. Ltd.

     24,700        220,569  

SBI Holdings, Inc.

     8,400        219,290  

SCSK Corp.

     15,700        294,352  

Secom Co. Ltd.

     1,800        130,351  

Seiko Epson Corp.

     13,600        237,727  

Sekisui Chemical Co. Ltd.

     9,800        144,399  

Sekisui House Ltd.

     6,300        146,318  

Shionogi & Co. Ltd.

     5,400        276,521  

SoftBank Corp.

     12,400        159,849  

Sompo Holdings, Inc.

     11,700        246,609  

Subaru Corp.

     2,800        63,791  

Sumitomo Corp.

     3,800        91,695  

Sumitomo Mitsui Financial Group, Inc.(a)

     3,200        188,370  

Suntory Beverage & Food Ltd.

     3,400        113,202  

TIS, Inc.

     9,700        210,799  

Tobu Railway Co. Ltd.

     4,900        122,415  

Toho Co. Ltd.

     4,400        143,851  

Tokio Marine Holdings, Inc.(a)

     6,000        186,448  

Tokyo Electric Power Co. Holdings, Inc.*

     6,500        40,543  

Tokyo Gas Co. Ltd.

     4,100        95,114  

Toyota Tsusho Corp.

     800        54,260  

USS Co. Ltd.

     17,200        143,480  

West Japan Railway Co.

     7,400        153,383  

Yakult Honsha Co. Ltd.

     7,600        156,625  

Yokogawa Electric Corp.

     9,600        221,629  
     

 

 

 
Total Japan

 

     10,351,074  
Jordan – 0.7%

 

Hikma Pharmaceuticals PLC

     13,067        316,685  
Netherlands – 2.9%

 

Heineken Holding NV

     2,531        204,464  

JDE Peet’s NV(a)

     9,352        196,549  

Koninklijke Ahold Delhaize NV

     8,717        260,966  

Koninklijke KPN NV

     74,783      279,934  

Wolters Kluwer NV

     1,757        275,526  
     

 

 

 
Total Netherlands

 

     1,217,439  
New Zealand – 0.4%

 

Spark New Zealand Ltd.

     55,204        157,342  
Norway – 2.6%

 

DNB Bank ASA

     13,070        259,145  

Equinor ASA

     12,404        327,462  

Kongsberg Gruppen ASA

     1,362        94,097  

Mowi ASA

     3,830        70,237  

Orkla ASA

     34,913        246,321  

Yara International ASA

     3,639        115,021  
     

 

 

 
Total Norway

 

     1,112,283  
Portugal – 1.1%

 

Galp Energia SGPS SA

     11,953        197,705  

Jeronimo Martins SGPS SA

     12,921        256,487  
     

 

 

 
Total Portugal

 

     454,192  
Russia – 0.0%

 

Evraz PLC*

     17,300        0  
Singapore – 2.4%

 

DBS Group Holdings Ltd.

     11,900        317,692  

Genting Singapore Ltd.

     141,800        92,985  

Keppel Ltd.

     25,000        135,966  

Sembcorp Industries Ltd.

     15,600        62,419  

Singapore Airlines Ltd.(a)

     30,300        143,687  

Singapore Exchange Ltd.

     42,000        286,618  
     

 

 

 
Total Singapore

 

     1,039,367  
Spain – 3.6%

 

ACS Actividades de Construccion y Servicios SA

     3,366        140,976  

Banco Bilbao Vizcaya Argentaria SA

     18,469        220,209  

Endesa SA

     7,525        139,500  

Iberdrola SA

     14,493        179,925  

Industria de Diseno Textil SA

     3,872        195,163  

Naturgy Energy Group SA(a)

     6,229        135,219  

Repsol SA

     21,970        366,354  

Telefonica SA

     35,578        157,117  
     

 

 

 
Total Spain

 

     1,534,463  
Sweden – 2.0%

 

Essity AB, Class B(a)

     4,124        98,042  

Svenska Handelsbanken AB, Class A(a)

     19,414        196,544  

Swedbank AB, Class A(a)

     9,014        178,971  

Tele2 AB, Class B

     12,934        106,326  

Telia Co. AB

     51,510        132,140  

Volvo AB, Class B(a)

     4,541        123,201  
     

 

 

 
Total Sweden

 

     835,224  
Switzerland – 8.9%

 

BKW AG

     1,699        261,065  

Chocoladefabriken Lindt & Spruengli AG

     19        227,612  

Coca-Cola HBC AG*

     6,938        219,374  

Givaudan SA, Registered Shares

     63        280,902  

Helvetia Holding AG, Registered Shares(a)

     2,706        373,438  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2024

 

 

 

Investments    Shares      Value  

Holcim AG, Registered Shares

     3,287      $ 298,009  

Kuehne & Nagel International AG, Registered Shares

     844        235,199  

Nestle SA, Registered Shares

     2,513        267,147  

Novartis AG, Registered Shares

     4,531        439,518  

Roche Holding AG

     1,577        402,173  

Swisscom AG, Registered Shares*

     556        340,378  

Zurich Insurance Group AG

     781        421,672  
     

 

 

 
Total Switzerland

 

     3,766,487  
United Kingdom – 13.6%

 

Associated British Foods PLC

     6,621        208,932  

BAE Systems PLC

     15,723        268,039  

BP PLC

     72,106        451,523  

British American Tobacco PLC

     5,960        181,147  

Bunzl PLC

     6,339        244,076  

Centrica PLC

     123,875        199,753  

Coca-Cola Europacific Partners PLC

     3,496        244,545  

Compass Group PLC

     10,351        303,753  

HSBC Holdings PLC

     40,766        318,771  

Imperial Brands PLC

     10,748        240,320  

JD Sports Fashion PLC

     70,711        120,143  

National Grid PLC

     33,854        455,886  

Next PLC

     2,069        241,294  

Pearson PLC

     16,570        218,112  

Reckitt Benckiser Group PLC

     2,812        160,278  

RELX PLC

     5,831        252,212  

Rolls-Royce Holdings PLC*

     25,641        138,212  

Sage Group PLC

     22,334        357,041  

SSE PLC

     12,052        251,207  

Tesco PLC

     72,435        271,399  

Unilever PLC

     4,730        237,543  

Vodafone Group PLC

     210,460        187,328  

Whitbread PLC

     4,951        207,269  
     

 

 

 
Total United Kingdom

 

     5,758,783  
United States – 1.2%

 

GSK PLC

     18,831      406,446  

Stellantis NV

     4,117        117,140  
     

 

 

 
Total United States

 

     523,586  

TOTAL COMMON STOCKS

(Cost: $38,734,076)

 

 

     41,810,523  
PREFERRED STOCK – 0.4%

 

Germany – 0.4%

 

Henkel AG & Co. KGaA(c)

     

(Cost: $186,492)

     2,321        186,748  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.9%

 

United States – 2.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(d)

     

(Cost: $1,221,857)

     1,221,857        1,221,857  

TOTAL INVESTMENTS IN SECURITIES – 101.8%

(Cost: $40,142,425)

 

 

     43,219,128  

Other Assets less Liabilities – (1.8)%

 

     (778,135
     

 

 

 
NET ASSETS – 100.0%

 

   $ 42,440,993  
* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,678,068 and the total market value of the collateral held by the Fund was $2,799,669. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,577,812.

 

(b) 

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

 

(c) 

Rate shown reflects the accrual rate as of March 31, 2024 on securities with variable or step rates.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

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 NA

    4/4/2024       1,147,281       USD       12,149,241       NOK     $ 27,361     $  

Bank of America NA

    4/4/2024       378,684       USD       3,909,348       SEK       13,057        

Barclays Bank PLC

    4/3/2024       60,000       NOK       4,404       GBP             (32

Barclays Bank PLC

    4/3/2024       1,083,826       USD       158,823,125       JPY       34,255        

Barclays Bank PLC

    4/3/2024       82,058       USD       109,030       SGD       1,267        

Barclays Bank PLC

    4/4/2024       8,241,624       SEK       773,774       USD             (2,965

Barclays Bank PLC

    4/4/2024       413,080       USD       621,729       AUD       7,453        

Barclays Bank PLC

    4/4/2024       395,357       USD       345,260       CHF       11,991        

Barclays Bank PLC

    4/4/2024       102,053       USD       693,308       DKK       1,663        

Barclays Bank PLC

    4/4/2024       1,159,976       USD       1,057,396       EUR       17,944        

Barclays Bank PLC

    4/4/2024       709,372       USD       550,619       GBP       13,798        

Barclays Bank PLC

    4/4/2024       145,938       USD       1,513,345       NOK       6,437        

Barclays Bank PLC

    4/4/2024       36,354       USD       58,708       NZD       1,238        

Barclays Bank PLC

    4/4/2024       48,170       USD       490,163       SEK       2,327        

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Schedule of Investments (continued)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2024

 

 

 

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

    5/6/2024       645,976       USD       6,871,620       SEK     $ 2,467     $  

Citibank NA

    4/3/2024       892,387       SGD       661,499       USD             (245

Citibank NA

    4/4/2024       5,314,716       AUD       3,462,998       USD       4,419        

Citibank NA

    4/4/2024       802,280       USD       5,512,624       DKK       4,062        

Citibank NA

    4/4/2024       9,119,044       USD       8,408,524       EUR       37,487        

Citibank NA

    5/3/2024       3,560,293       USD       5,459,505       AUD             (4,540

Citibank NA

    5/6/2024       523,994       USD       705,803       SGD       198        

Goldman Sachs

    4/3/2024       167,016,357       JPY       1,134,417       USD             (30,701

Goldman Sachs

    4/3/2024       84,673       SGD       63,583       USD             (841

Goldman Sachs

    4/3/2024       500,718       USD       73,719,008       JPY       13,551        

Goldman Sachs

    4/4/2024       665,753       AUD       439,654       USD             (5,305

Goldman Sachs

    4/4/2024       338,089       CHF       385,829       USD             (10,425

Goldman Sachs

    4/4/2024       682,384       DKK       100,028       USD             (1,220

Goldman Sachs

    4/4/2024       606,700       EUR       662,971       USD             (7,710

Goldman Sachs

    4/4/2024       989,169       EUR       1,080,914       USD             (12,571

Goldman Sachs

    4/4/2024       540,534       GBP       691,144       USD             (8,311

Goldman Sachs

    4/4/2024       1,468,579       NOK       139,573       USD             (4,199

Goldman Sachs

    4/4/2024       63,264       NZD       38,900       USD             (1,058

Goldman Sachs

    4/4/2024       999,550       SEK       97,701       USD             (4,217

Goldman Sachs

    4/4/2024       256,465       USD       388,356       AUD       3,094        

Goldman Sachs

    4/4/2024       447,796       USD       4,581,267       SEK       19,327        

HSBC Holdings PLC

    4/1/2024       5,200,000       JPY       34,359       USD             (0 ) ^ 

HSBC Holdings PLC

    4/2/2024       500       EUR       540       USD       0 ^       

HSBC Holdings PLC

    4/2/2024       6,400,000       JPY       42,340       USD             (52

HSBC Holdings PLC

    4/2/2024       5,500       SGD       4,075       USD             (0 ) ^ 

HSBC Holdings PLC

    4/3/2024       5,572,871       JPY       36,867       USD             (39

HSBC Holdings PLC

    4/3/2024       1,351,005,261       JPY       8,933,656       USD             (5,635

HSBC Holdings PLC

    4/3/2024       2,787       SGD       2,066       USD             (1

HSBC Holdings PLC

    4/4/2024       21,910       AUD       14,289       USD       6        

HSBC Holdings PLC

    4/4/2024       11,252       CHF       12,539       USD             (46

HSBC Holdings PLC

    4/4/2024       2,798,597       CHF       3,105,058       USD       2,419        

HSBC Holdings PLC

    4/4/2024       22,401       DKK       3,250       USD             (6

HSBC Holdings PLC

    4/4/2024       5,524,564       DKK       801,055       USD             (1,108

HSBC Holdings PLC

    4/4/2024       32,467       EUR       35,128       USD             (63

HSBC Holdings PLC

    4/4/2024       7,860,031       EUR       8,500,007       USD             (10,845

HSBC Holdings PLC

    4/4/2024       17,822       GBP       22,461       USD       53        

HSBC Holdings PLC

    4/4/2024       4,405,651       GBP       5,572,428       USD             (6,960

HSBC Holdings PLC

    4/4/2024       48,729       NOK       4,536       USD             (44

HSBC Holdings PLC

    4/4/2024       2,108       NZD       1,264       USD             (3

HSBC Holdings PLC

    4/4/2024       471,641       NZD       281,990       USD       122        

HSBC Holdings PLC

    4/4/2024       33,488       SEK       3,175       USD             (43

HSBC Holdings PLC

    4/4/2024       5,576,661       USD       4,408,949       GBP       7,026        

HSBC Holdings PLC

    5/3/2024       805,083       USD       5,544,234       DKK       1,124        

HSBC Holdings PLC

    5/3/2024       4,036,023       USD       3,190,432       GBP       5,040        

HSBC Holdings PLC

    5/3/2024       293,288       USD       490,523       NZD             (128

HSBC Holdings PLC

    5/6/2024       2,647,546       USD       2,377,784       CHF             (2,050

HSBC Holdings PLC

    5/6/2024       9,037,298       USD       8,346,147       EUR       11,522        

HSBC Holdings PLC

    5/7/2024       9,155,038       USD       1,377,322,276       JPY       5,641        

JP Morgan Chase Bank NA

    4/2/2024       13,800       CHF       2,305,165       JPY       90        

JP Morgan Chase Bank NA

    4/2/2024       16,200       EUR       186,002       SEK       101        

JP Morgan Chase Bank NA

    4/2/2024       21,200       HKD       2,710       USD             (1

Morgan Stanley & Co. International

    4/3/2024       35,000       AUD       3,450,195       JPY       37        

Morgan Stanley & Co. International

    4/3/2024       24,300       CHF       26,949       USD       30        

Morgan Stanley & Co. International

    4/3/2024       72,000       EUR       11,755,512       JPY       86        

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2024

 

 

 

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

Amount and

Description of
Currency to

be Purchased

   

Amount and

Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Morgan Stanley & Co. International

    4/3/2024       18,400       GBP       3,513,148       JPY     $ 31     $  

Morgan Stanley & Co. International

    4/3/2024       125,000       SEK       11,698       USD             (8

Morgan Stanley & Co. International

    4/3/2024       8,520,396       USD       1,271,529,027       JPY       117,588        

Morgan Stanley & Co. International

    4/3/2024       645,090       USD       866,444       SGD       3,060        

Morgan Stanley & Co. International

    4/4/2024       12,428,107       NOK       1,149,110       USD             (3,485

Morgan Stanley & Co. International

    4/4/2024       3,247,396       USD       4,989,066       AUD             (7,560

Morgan Stanley & Co. International

    4/4/2024       3,108,069       USD       2,726,996       CHF       80,095        

Morgan Stanley & Co. International

    4/4/2024       285,800       USD       469,235       NZD       5,127        

Morgan Stanley & Co. International

    5/6/2024       994,951       USD       10,752,026       NOK       3,030        

UBS AG

    4/3/2024       10,200       SGD       7,559       USD             (1
                                            $ 465,624     $ (132,418
^ 

Amount represents less than $1.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted

Prices in

Active

Markets

(Level 1)

    

Other
Significant
Observable
Inputs

(Level 2)

    

Significant
Unobservable
Inputs

(Level 3)

     Total  

Assets:

        

Investments in Securities

  

Common Stocks

           

Russia

   $      $      $ 0    $ 0  

Other

     41,810,523                      41,810,523  

Preferred Stock

     186,748                      186,748  

Investment of Cash Collateral for Securities Loaned

            1,221,857               1,221,857  

Total Investments in Securities

   $ 41,997,271      $ 1,221,857      $ 0      $ 43,219,128  

Financial Derivative Instruments

        

Foreign Currency Contracts1

   $      $ 465,624      $      $ 465,624  

Liabilities:

        

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (132,418    $      $ (132,418

Total –Net

   $ 41,997,271      $ 1,555,063      $ 0      $ 43,552,334  

 

*

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Schedule of Investments

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

Australia – 7.1%

 

Altium Ltd.

     22,561      $ 959,960  

Aristocrat Leisure Ltd.

     70,581        1,980,023  

Beach Energy Ltd.

     485,743        581,509  

Brambles Ltd.

     436,492        4,598,993  

Breville Group Ltd.(a)

     42,638        764,690  

Brickworks Ltd.

     42,517        789,981  

CAR Group Ltd.

     91,865        2,162,373  

Champion Iron Ltd.(a)

     170,967        826,503  

Charter Hall Group

     275,977        2,475,652  

Cochlear Ltd.

     6,705        1,476,428  

Coles Group Ltd.

     585,016        6,465,395  

CSL Ltd.

     51,518        9,677,090  

Dicker Data Ltd.

     65,427        459,713  

Goodman Group

     278,237        6,137,252  

IDP Education Ltd.(a)

     59,704        698,000  

Mineral Resources Ltd.(a)

     61,304        2,834,426  

Pilbara Minerals Ltd.(a)

     1,895,382        4,735,976  

REA Group Ltd.(a)

     14,555        1,761,164  

SEEK Ltd.(a)

     92,959        1,519,194  

Seven Group Holdings Ltd.(a)

     74,078        1,970,352  

Tabcorp Holdings Ltd.

     584,688        287,995  

Technology One Ltd.

     39,333        435,465  

Wesfarmers Ltd.

     356,315        15,900,257  
     

 

 

 
Total Australia

 

     69,498,391  
Austria – 0.6%

 

Kontron AG

     32,913        726,561  

Mondi PLC

     200,743        3,538,829  

Wienerberger AG

     42,839        1,561,944  
     

 

 

 
Total Austria

 

     5,827,334  
Belgium – 0.8%

 

Bekaert SA

     23,709        1,217,296  

bpost SA

     148,513        555,605  

D’ieteren Group

     10,680        2,371,473  

Fagron

     9,552        182,183  

Tessenderlo Group SA

     20,871        546,611  

UCB SA

     25,932        3,203,950  
     

 

 

 
Total Belgium

 

     8,077,118  
China – 0.4%

 

Prosus NV

     110,697        3,475,996  
Denmark – 4.4%

 

Coloplast AS, Class B

     25,816        3,485,244  

Dfds AS

     20,590        597,442  

Novo Nordisk AS, Class B

     240,183        30,648,415  

Novonesis (Novozymes) B, Class B

     75,617        4,436,402  

Pandora AS

     18,083        2,918,049  

Royal Unibrew AS

     9,584        633,753  
     

 

 

 
Total Denmark

 

     42,719,305  
Finland – 1.2%

 

Metsa Board OYJ, Class B(a)

     251,155        1,904,157  

Orion OYJ, Class B

     33,061        1,234,352  

UPM-Kymmene OYJ

     242,394      8,081,318  
     

 

 

 
Total Finland

 

     11,219,827  
France – 12.0%

 

Airbus SE

     108,143        19,939,145  

Alten SA

     4,917        717,960  

Arkema SA

     31,095        3,275,646  

BioMerieux

     12,653        1,397,271  

Carrefour SA

     237,478        4,071,560  

Eramet SA

     15,370        1,169,442  

Gaztransport & Technigaz SA

     10,578        1,582,257  

Hermes International SCA

     6,725        17,184,257  

Interparfums SA

     22,234        1,253,464  

Ipsen SA

     7,153        852,094  

Kering SA

     38,088        15,069,821  

La Francaise des Jeux SAEM(b)

     47,048        1,919,671  

LVMH Moet Hennessy Louis Vuitton SE

     52,587        47,349,121  

SEB SA

     14,255        1,825,894  
     

 

 

 
Total France

 

     117,607,603  
Germany – 4.8%

 

AIXTRON SE

     12,698        335,989  

Aurubis AG

     9,245        650,796  

Bechtle AG

     20,752        1,097,748  

Bilfinger SE

     13,892        649,645  

Carl Zeiss Meditec AG, Bearer Shares

     12,274        1,535,035  

Deutsche Post AG, Registered Shares

     600,194        25,873,281  

Fielmann Group AG

     14,048        645,713  

Gerresheimer AG

     4,723        532,528  

Hugo Boss AG

     13,378        789,163  

Knorr-Bremse AG

     42,133        3,189,805  

Merck KGaA

     14,098        2,490,947  

Nemetschek SE

     7,569        749,767  

Puma SE

     21,353        969,033  

Rheinmetall AG

     6,863        3,861,673  

Siltronic AG

     10,643        944,843  

Stroeer SE & Co. KGaA

     19,425        1,183,216  

Symrise AG

     14,751        1,767,553  
     

 

 

 
Total Germany

 

     47,266,735  
Hong Kong – 0.6%

 

Techtronic Industries Co. Ltd.

     395,500        5,361,633  
Ireland – 0.2%

 

Kerry Group PLC, Class A

     26,105        2,239,683  
Israel – 0.5%

 

Hilan Ltd.

     4,351        277,660  

Isramco Negev 2 LP

     1,960,418        957,815  

Newmed Energy LP

     481,786        1,233,231  

Oil Refineries Ltd.

     4,279,714        1,425,131  

Plus500 Ltd.

     54,351        1,239,293  
     

 

 

 
Total Israel

 

     5,133,130  
Italy – 1.5%

 

Brunello Cucinelli SpA

     5,769        660,435  

Carel Industries SpA(a)(b)

     14,372        315,868  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2024

 

 

 

Investments    Shares      Value  

Davide Campari-Milano NV

     49,316      $ 496,076  

De’ Longhi SpA(a)

     33,483        1,159,342  

DiaSorin SpA

     7,783        752,305  

Ferrari NV

     11,084        4,836,170  

Moncler SpA

     58,522        4,372,436  

Piaggio & C SpA

     287,501        910,389  

Salcef Group SpA

     15,051        372,241  

Salvatore Ferragamo SpA(a)

     51,911        631,840  
     

 

 

 
Total Italy

 

     14,507,102  
Japan – 15.5%

 

Advantest Corp.

     63,600        2,865,561  

ARE Holdings, Inc.(a)

     46,800        597,427  

ASKUL Corp.(a)

     11,500        174,310  

BayCurrent Consulting, Inc.

     10,700        210,225  

Capcom Co. Ltd.

     60,200        1,111,758  

Casio Computer Co. Ltd.(a)

     50,000        428,161  

Daiwabo Holdings Co. Ltd.

     35,900        609,027  

Dentsu Soken, Inc.

     17,900        593,730  

Dexerials Corp.

     9,700        428,583  

Dip Corp.

     17,300        314,462  

Disco Corp.

     11,300        4,270,025  

FANUC Corp.

     239,300        6,617,136  

Fast Retailing Co. Ltd.

     23,900        7,444,223  

Food & Life Cos. Ltd.

     19,400        368,913  

Fujimi, Inc.(a)

     20,100        467,488  

Fujitsu Ltd.(a)

     268,000        4,409,264  

Goldwin, Inc.(a)

     4,800        312,843  

Hoya Corp.

     15,400        1,906,875  

Ibiden Co. Ltd.(a)

     11,000        483,260  

Internet Initiative Japan, Inc.

     17,100        320,431  

Japan Material Co. Ltd.

     10,600        168,723  

Kakaku.com, Inc.

     77,400        962,226  

Keyence Corp.

     13,400        6,157,032  

Koei Tecmo Holdings Co. Ltd.(a)

     107,700        1,152,823  

Lasertec Corp.

     6,800        1,878,093  

M3, Inc.

     47,100        665,055  

MEITEC Group Holdings, Inc.

     41,800        824,980  

Minebea Mitsumi, Inc.

     79,000        1,540,381  

Mitsui Chemicals, Inc.(a)

     74,400        2,129,085  

MonotaRO Co. Ltd.

     44,900        539,204  

Murata Manufacturing Co. Ltd.

     398,300        7,432,021  

NET One Systems Co. Ltd.

     23,200        413,889  

Nextage Co. Ltd.(a)

     13,500        259,037  

NGK Insulators Ltd.

     109,300        1,473,270  

NHK Spring Co. Ltd.

     86,200        852,631  

Nihon M&A Center Holdings, Inc.

     125,500        818,451  

Nippon Gas Co. Ltd.

     42,600        723,253  

Nippon Steel Corp.(a)

     484,700        11,747,197  

Nomura Research Institute Ltd.

     81,500        2,284,876  

NSD Co. Ltd.

     26,500        521,088  

Obic Co. Ltd.

     13,700        2,061,631  

Oracle Corp.

     21,800        1,649,998  

Pan Pacific International Holdings Corp.

     46,500        1,242,192  

Persol Holdings Co. Ltd.

     1,000,500      1,411,390  

Relo Group, Inc.

     57,400        472,376  

Sanrio Co. Ltd.

     12,300        247,877  

SG Holdings Co. Ltd.

     159,500        2,005,540  

Shin-Etsu Chemical Co. Ltd.

     458,900        19,963,643  

Shinko Electric Industries Co. Ltd.(a)

     14,400        534,440  

SMC Corp.

     8,900        4,988,516  

SMS Co. Ltd.

     24,500        418,950  

Sysmex Corp.

     69,300        1,218,685  

Taiyo Yuden Co. Ltd.(a)

     39,800        953,286  

Takara Bio, Inc.

     38,400        246,113  

Takara Holdings, Inc.(a)

     88,700        627,397  

TDK Corp.

     75,000        3,707,258  

TechnoPro Holdings, Inc.

     33,800        691,879  

Toei Animation Co. Ltd.

     34,000        696,422  

Tokyo Electron Ltd.

     93,700        24,498,391  

Tokyo Ohka Kogyo Co. Ltd.

     17,100        517,367  

Tokyo Seimitsu Co. Ltd.

     11,000        884,899  

Topcon Corp.

     27,000        317,999  

Tosoh Corp.

     150,800        2,054,575  

Yaskawa Electric Corp.

     38,000        1,592,613  

ZOZO, Inc.(a)

     77,400        1,946,443  
     

 

 

 
Total Japan

 

     151,426,897  
Netherlands – 8.4%

 

ASM International NV

     3,360        2,053,538  

ASML Holding NV

     41,061        39,565,391  

Corbion NV

     718        15,392  

Heineken Holding NV

     75,921        6,133,201  

Heineken NV

     127,163        12,269,601  

SBM Offshore NV

     141,235        2,255,975  

Signify NV(b)

     77,761        2,400,202  

Universal Music Group NV

     387,071        11,654,862  

Wolters Kluwer NV

     39,052        6,123,978  
     

 

 

 
Total Netherlands

 

     82,472,140  
Norway – 0.8%

 

Aker ASA, Class A

     32,474        1,866,374  

Atea ASA*

     91,512        1,094,912  

DNO ASA

     904,046        812,496  

Kongsberg Gruppen ASA

     47,163        3,258,362  

Veidekke ASA

     84,649        920,725  
     

 

 

 
Total Norway

 

     7,952,869  
Portugal – 0.0%

 

Corticeira Amorim SGPS SA(a)

     35,624        378,199  
Singapore – 0.5%

 

Singapore Technologies Engineering Ltd.

     1,396,653        4,160,155  

StarHub Ltd.

     952,300        832,627  
     

 

 

 
Total Singapore

 

     4,992,782  
Spain – 6.8%

 

CIE Automotive SA

     32,731        940,296  

Endesa SA

     898,215        16,651,288  

Industria de Diseno Textil SA

     934,182        47,086,132  

Laboratorios Farmaceuticos Rovi SA

     11,427        998,400  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Schedule of Investments (continued)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2024

 

 

 

Investments    Shares      Value  

Viscofan SA(a)

     19,754      $ 1,256,591  
     

 

 

 
Total Spain

 

     66,932,707  
Sweden – 3.6%

 

Alfa Laval AB

     63,229        2,488,334  

Assa Abloy AB, Class B

     232,619        6,681,003  

Billerud Aktiebolag

     140,268        1,259,613  

Evolution AB(b)

     44,134        5,492,088  

Husqvarna AB, Class B

     135,076        1,157,657  

Investment AB Latour, Class B

     136,444        3,592,109  

Lindab International AB

     13,164        283,161  

Nibe Industrier AB, Class B(a)

     195,496        960,970  

Paradox Interactive AB

     15,040        264,578  

Sandvik AB

     344,137        7,650,278  

Sectra AB, Class B

     20,112        389,634  

Securitas AB, Class B

     207,582        2,142,292  

Skanska AB, Class B(a)

     184,462        3,286,386  
     

 

 

 
Total Sweden

 

     35,648,103  
Switzerland – 13.1%

 

Clariant AG, Registered Shares*

     113,613        1,537,629  

Comet Holding AG, Registered Shares

     2,210        770,936  

Givaudan SA, Registered Shares

     2,046        9,122,611  

Huber & Suhner AG, Registered Shares(a)

     7,342        621,140  

Logitech International SA, Registered Shares

     25,541        2,290,098  

Novartis AG, Registered Shares

     317,712        30,818,805  

Partners Group Holding AG

     10,042        14,360,049  

Roche Holding AG

     100,779        25,701,051  

Roche Holding AG, Bearer Shares

     11,183        3,017,063  

SFS Group AG(a)

     11,368        1,496,886  

Sika AG, Registered Shares

     22,811        6,802,525  

Sonova Holding AG, Registered Shares

     7,156        2,074,422  

Stadler Rail AG(a)

     25,122        801,048  

Straumann Holding AG, Registered Shares

     4,050        647,496  

Swissquote Group Holding SA, Registered Shares

     2,774        779,812  

Tecan Group AG, Registered Shares

     18        7,470  

UBS Group AG, Registered Shares

     787,013        24,238,637  

VAT Group AG(b)

     5,850        3,035,089  
     

 

 

 
Total Switzerland

 

     128,122,767  
United Kingdom – 14.3%

 

Admiral Group PLC

     124,055        4,445,933  

Airtel Africa PLC(b)

     1,483,530        1,982,765  

AJ Bell PLC

     109,986        420,154  

Ashtead Group PLC

     79,203        5,642,999  

AstraZeneca PLC

     234,838        31,677,257  

Bellway PLC

     75,950        2,555,944  

Britvic PLC

     106,146        1,102,211  

Burberry Group PLC

     122,368        1,875,072  

Bytes Technology Group PLC

     48,179        311,005  

Coats Group PLC

     386,049        395,505  

Diageo PLC

     626,495        23,152,985  

Dr. Martens PLC(a)

     448,362        497,010  

Dunelm Group PLC

     81,337        1,163,118  

Greggs PLC

     16,953        615,492  

Hays PLC

     934,590      1,115,096  

Howden Joinery Group PLC

     190,441        2,181,530  

IMI PLC

     53,437        1,225,203  

Imperial Brands PLC

     767,345        17,157,468  

ITV PLC

     3,329,637        3,108,355  

JD Sports Fashion PLC

     400,842        681,059  

Kainos Group PLC

     12,473        152,129  

Moneysupermarket.com Group PLC

     277,358        770,119  

Next PLC

     32,918        3,839,004  

Redrow PLC

     200,954        1,689,406  

RELX PLC

     367,009        15,874,489  

Renishaw PLC

     22,298        1,197,138  

Rentokil Initial PLC

     471,952        2,812,244  

Rightmove PLC

     90,370        627,423  

RS Group PLC

     148,636        1,364,672  

Sage Group PLC

     214,618        3,430,975  

Savills PLC

     76,983        1,036,672  

Softcat PLC

     46,391        930,622  

Spirax-Sarco Engineering PLC

     14,820        1,881,497  

TBC Bank Group PLC

     34,475        1,400,150  

Telecom Plus PLC

     40,623        835,441  

Victrex PLC

     38,267        627,947  
     

 

 

 
Total United Kingdom

 

     139,776,089  
United States – 2.4%

 

GSK PLC

     1,073,206        23,163,958  

TOTAL COMMON STOCKS

(Cost: $819,298,818)

 

 

     973,800,368  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.0%

 

United States – 2.0%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $19,628,962)      19,628,962        19,628,962  

TOTAL INVESTMENTS IN SECURITIES – 101.5%

(Cost: $838,927,780)

 

 

     993,429,330  

Other Assets less Liabilities – (1.5)%

 

     (15,248,701
     

 

 

 
NET ASSETS – 100.0%

 

   $ 978,180,629  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $46,257,159 and the total market value of the collateral held by the Fund was $49,029,653. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $29,400,691.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2024

 

 

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted
Prices in
Active
Markets

(Level 1)

     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

   $ 973,800,368      $      $      $ 973,800,368  

Investment of Cash Collateral for Securities Loaned

            19,628,962               19,628,962  

Total Investments in Securities

   $ 973,800,368      $ 19,628,962      $      $ 993,429,330  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Schedule of Investments

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%

 

Australia – 12.1%

 

Accent Group Ltd.

     1,469,270      $ 1,945,860  

Acrow Ltd.

     823,927        642,348  

AMP Ltd.

     3,774,721        2,881,275  

Ansell Ltd.

     101,713        1,631,069  

ARB Corp. Ltd.(a)

     44,559        1,202,057  

AUB Group Ltd.

     73,926        1,434,340  

Australian Clinical Labs Ltd.(a)(b)

     242,632        425,808  

Baby Bunting Group Ltd.(a)(b)

     291,450        399,298  

Bapcor Ltd.

     379,080        1,560,537  

Base Resources Ltd.

     3,505,846        263,030  

Breville Group Ltd.(a)

     72,335        1,297,290  

Capitol Health Ltd.

     2,621,646        410,487  

Cedar Woods Properties Ltd.(a)

     253,335        793,324  

Centuria Capital Group(a)

     2,315,546        2,643,659  

Champion Iron Ltd.(a)

     452,114        2,185,647  

Codan Ltd.

     130,276        923,864  

Collins Foods Ltd.

     115,708        765,447  

Corporate Travel Management Ltd.(a)

     78,127        865,981  

CSR Ltd.

     1,317,283        7,579,868  

Dalrymple Bay Infrastructure Ltd.

     710,040        1,269,250  

Data#3 Ltd.

     150,304        811,923  

Dicker Data Ltd.(a)

     172,592        1,212,691  

Domain Holdings Australia Ltd.(a)

     416,651        891,580  

Eagers Automotive Ltd.

     414,951        3,833,311  

EVT Ltd.(a)

     170,630        1,382,582  

First Resources Ltd.

     2,568,800        2,607,629  

G8 Education Ltd.

     1,233,334        965,553  

GR Engineering Services Ltd.

     374,138        556,520  

GrainCorp Ltd., Class A

     257,633        1,384,977  

GUD Holdings Ltd.(a)

     218,857        1,684,831  

GWA Group Ltd.

     653,317        1,142,280  

Hansen Technologies Ltd.

     220,752        701,371  

Helia Group Ltd.

     734,789        1,874,361  

Helloworld Travel Ltd.

     215,678        424,939  

HMC Capital Ltd.

     276,348        1,296,281  

HUB24 Ltd.

     23,417        648,061  

Iluka Resources Ltd.

     358,710        1,687,301  

Imdex Ltd.(a)

     124,239        188,855  

Infomedia Ltd.

     545,320        633,265  

Ingenia Communities Group(a)

     367,477        1,253,851  

Inghams Group Ltd.(a)

     626,904        1,468,282  

Insignia Financial Ltd.(a)

     1,606,583        2,641,300  

Integral Diagnostics Ltd.(a)

     272,914        400,610  

IPH Ltd.

     300,276        1,236,129  

IVE Group Ltd.

     513,996        731,022  

Johns Lyng Group Ltd.

     119,711        500,618  

Jumbo Interactive Ltd.

     66,349        741,924  

Kelsian Group Ltd.(a)

     222,626        839,494  

Lindsay Australia Ltd.

     619,330        450,517  

Lovisa Holdings Ltd.(a)

     120,552        2,624,488  

Lycopodium Ltd.

     97,566        744,729  

MA Financial Group Ltd.(a)

     247,735        790,333  

Macmahon Holdings Ltd.

     3,093,557      454,103  

Magellan Financial Group Ltd.

     686,766        4,431,176  

McMillan Shakespeare Ltd.

     207,456        2,656,808  

Metcash Ltd.

     2,242,023        5,719,140  

Monadelphous Group Ltd.

     87,160        806,320  

Monash IVF Group Ltd.

     969,202        913,684  

Myer Holdings Ltd.(a)

     2,212,423        1,176,359  

MyState Ltd.

     350,213        836,233  

Netwealth Group Ltd.

     129,043        1,778,043  

nib holdings Ltd.

     506,793        2,598,766  

Nick Scali Ltd.(a)

     185,400        1,862,706  

Nine Entertainment Co. Holdings Ltd.(a)

     2,865,565        3,196,836  

NRW Holdings Ltd.

     957,667        1,830,611  

Nufarm Ltd.

     142,502        511,326  

oOh!media Ltd.

     534,726        620,962  

Orora Ltd.(a)

     2,521,011        4,473,604  

PeopleIN Ltd.

     471,226        338,171  

Perenti Ltd.

     1,266,645        809,832  

Perseus Mining Ltd.

     958,003        1,343,752  

Pinnacle Investment Management Group Ltd.(a)

     253,874        1,926,247  

PointsBet Holdings Ltd.

     1,254,971        675,463  

Propel Funeral Partners Ltd.

     33,408        121,836  

PSC Insurance Group Ltd.(a)

     244,935        866,092  

PWR Holdings Ltd.

     66,354        499,126  

Ramelius Resources Ltd.

     257,853        312,895  

Regis Healthcare Ltd.

     303,239        793,311  

Reliance Worldwide Corp. Ltd.

     962,364        3,610,116  

Ridley Corp. Ltd.

     480,477        780,523  

SG Fleet Group Ltd.

     416,886        802,330  

SmartGroup Corp. Ltd.

     189,815        1,202,441  

SRG Global Ltd.

     1,093,690        570,819  

Super Retail Group Ltd.

     576,305        6,053,300  

Tabcorp Holdings Ltd.

     2,021,492        995,710  

Terracom Ltd.(a)

     2,529,184        396,010  

Ventia Services Group Pty. Ltd.

     2,035,151        5,111,770  

Waypoint REIT Ltd.

     1,772,524        2,948,806  
     

 

 

 
Total Australia

 

     133,497,274  
Austria – 0.4%

 

Kontron AG

     90,693        2,002,066  

Oesterreichische Post AG

     39,786        1,359,965  

Porr AG

     44,262        678,802  

Schoeller-Bleckmann Oilfield Equipment AG

     19,631        939,225  
     

 

 

 
Total Austria

 

     4,980,058  
Belgium – 1.3%

 

Barco NV(a)

     88,140        1,453,570  

bpost SA(a)

     453,493        1,696,572  

Cofinimmo SA(a)

     97,079        6,358,868  

Deceuninck NV

     154,074        375,232  

Econocom Group SA(a)

     277,738        637,409  

Exmar NV(a)

     102,343        847,768  

Fagron

     32,877        627,056  

Recticel SA(a)

     47,740        563,026  

Xior Student Housing NV(a)(b)

     73,229        2,214,445  
     

 

 

 
Total Belgium

 

     14,773,946  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  
China – 0.2%

 

CITIC Telecom International Holdings Ltd.

     6,275,822      $ 2,028,739  

CPMC Holdings Ltd.

     459,009        401,742  
     

 

 

 
Total China

 

     2,430,481  
Denmark – 1.6%

 

Alm Brand AS

     1,271,968        2,423,673  

Cementir Holding NV

     124,648        1,410,816  

Chemometec AS

     13,529        830,173  

D/S Norden AS

     158,831        6,471,446  

Dfds AS

     40,470        1,174,283  

Matas AS

     16,384        277,554  

Scandinavian Tobacco Group AS(c)

     117,664        2,109,144  

Spar Nord Bank AS

     192,402        3,209,254  
     

 

 

 
Total Denmark

 

     17,906,343  
Finland – 1.3%

 

Aktia Bank OYJ

     63,376        685,830  

Citycon OYJ*(a)

     454,225        1,876,894  

F-Secure OYJ(a)

     228,513        462,986  

Harvia OYJ(b)

     22,171        917,560  

Marimekko OYJ

     38,183        512,584  

Musti Group OYJ*

     24,086        649,802  

Oriola OYJ, Class B

     209,206        229,557  

Outokumpu OYJ(a)

     776,561        3,379,904  

Puuilo OYJ

     130,173        1,392,512  

Revenio Group OYJ

     12,011        330,783  

Sanoma OYJ(a)

     132,910        977,526  

Scanfil OYJ

     55,267        498,995  

Talenom OYJ(a)

     77,582        497,704  

Terveystalo OYJ(a)(c)

     83,668        681,325  

Tokmanni Group Corp.

     53,065        869,969  
     

 

 

 
Total Finland

 

     13,963,931  
France – 4.1%

 

Beneteau SACA

     80,451        1,188,615  

Bonduelle SCA(a)

     26,724        216,753  

Chargeurs SA

     74,265        959,266  

Cie des Alpes

     77,405        1,128,565  

Cie Plastic Omnium SE

     145,138        1,893,528  

Coface SA

     372,523        5,894,058  

Derichebourg SA

     313,687        1,491,318  

Eramet SA(a)

     42,180        3,209,307  

Etablissements Maurel & Prom SA

     244,568        1,477,827  

Fnac Darty SA(a)

     44,887        1,406,830  

IPSOS SA

     42,166        2,975,992  

Lectra(a)

     21,752        759,971  

Mersen SA

     38,717        1,524,133  

Metropole Television SA

     156,980        2,343,021  

Quadient SA

     34,790        716,145  

Rubis SCA

     352,839        12,476,104  

Television Francaise 1 SA(a)

     412,680        3,775,031  

Vicat SACA

     37,664        1,486,749  
     

 

 

 
Total France

 

     44,923,213  
Georgia – 0.9%

 

Bank of Georgia Group PLC

     149,986      9,568,225  
Germany – 2.4%

 

7C Solarparken AG

     92,532        310,796  

Bilfinger SE

     40,886        1,911,993  

CompuGroup Medical SE & Co. KGaA

     22,212        684,165  

Dermapharm Holding SE

     40,743        1,436,239  

Deutz AG

     186,486        1,185,268  

Duerr AG

     66,830        1,546,018  

Eckert & Ziegler SE

     7,301        295,533  

Elmos Semiconductor SE

     7,172        572,412  

ElringKlinger AG

     43,298        283,844  

GFT Technologies SE

     12,710        370,624  

Hamborner REIT AG

     141,790        1,050,494  

Hamburger Hafen und Logistik AG*

     67,097        1,202,915  

Instone Real Estate Group SE(c)

     98,485        949,829  

Jenoptik AG

     20,533        638,658  

Kloeckner & Co. SE

     185,127        1,349,576  

Lanxess AG

     116,601        3,124,300  

MLP SE

     109,341        662,475  

Mutares SE & Co. KGaA

     35,324        1,407,732  

Norma Group SE

     25,974        483,335  

ProSiebenSat.1 Media SE

     77,843        547,467  

SAF-Holland SE

     87,586        1,786,859  

Salzgitter AG

     69,202        1,808,663  

Stabilus SE

     26,104        1,663,347  

Wacker Neuson SE

     73,599        1,363,995  
     

 

 

 
Total Germany

 

     26,636,537  
Hong Kong – 0.2%

 

Dah Sing Banking Group Ltd.

     986,400        702,010  

Dah Sing Financial Holdings Ltd.

     301,029        691,565  

Guotai Junan International Holdings Ltd.(a)

     7,128,000        482,702  

Nissin Foods Co. Ltd.(a)

     994,000        628,676  
     

 

 

 
Total Hong Kong

 

     2,504,953  
Indonesia – 0.1%

 

Bumitama Agri Ltd.

     1,530,400        776,766  
Ireland – 0.4%

 

C&C Group PLC

     285,742        591,258  

Cairn Homes PLC

     1,285,362        2,215,553  

Kenmare Resources PLC

     205,629        848,119  

Origin Enterprises PLC(a)

     171,549        583,610  
     

 

 

 
Total Ireland

 

     4,238,540  
Israel – 4.6%

 

Altshuler Shaham Finance Ltd.

     920,135        1,305,975  

Amot Investments Ltd.

     1,073,251        5,123,553  

Arad Ltd.

     27,908        388,489  

Ashdod Refinery Ltd.

     1        14  

Ashtrom Group Ltd.*

     208,258        3,113,887  

AudioCodes Ltd.

     36,981        491,270  

Electra Consumer Products 1970 Ltd.

     22,536        512,576  

Electra Real Estate Ltd.

     83,282        881,989  

Energix-Renewable Energies Ltd.

     301,827        1,113,820  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  

FIBI Holdings Ltd.

     74,187      $ 3,391,741  

Gav-Yam Lands Corp. Ltd.

     112,743        855,489  

Harel Insurance Investments & Financial Services Ltd.*

     438,728        4,203,224  

Inrom Construction Industries Ltd.

     171,235        551,512  

Israel Canada TR Ltd.

     217,785        876,799  

Israel Land Development Co. Ltd.

     41,827        386,680  

Isramco Negev 2 LP

     3,929,285        1,919,759  

Kardan Real Estate Enterprise & Development Ltd.

     282,980        354,372  

Kvutzat Acro Ltd.

     56,765        701,874  

Lapidoth Capital Ltd.

     33,900        578,494  

Magic Software Enterprises Ltd.

     51,947        610,682  

Matrix IT Ltd.

     97,963        2,181,887  

Max Stock Ltd.

     420,962        967,005  

Maytronics Ltd.

     90,990        899,548  

Mediterranean Towers Ltd.

     255,937        672,448  

Mega Or Holdings Ltd.

     53,366        1,429,522  

Menora Mivtachim Holdings Ltd.

     63,049        1,686,492  

Migdal Insurance & Financial Holdings Ltd.

     360,437        499,872  

Mivne Real Estate KD Ltd.

     955,259        2,365,138  

Next Vision Stabilized Systems Ltd.

     15,774        183,973  

Novolog Ltd.

     1,105,819        456,671  

Oil Refineries Ltd.

     17,388,045        5,790,162  

One Software Technologies Ltd.

     60,003        921,246  

Paz Oil Co. Ltd.

     1        61  

Plus500 Ltd.

     141,195        3,219,480  

Ratio Energies Finance LP

     637,105        526,559  

Retailors Ltd.

     46,726        1,179,342  

Sisram Medical Ltd.(c)

     436,800        197,012  
     

 

 

 
Total Israel

 

     50,538,617  
Italy – 5.6%

 

ACEA SpA(a)

     430,517        7,634,616  

Anima Holding SpA(c)

     499,728        2,374,707  

Aquafil SpA

     206,568        677,089  

Ariston Holding NV(a)

     60,461        339,875  

Arnoldo Mondadori Editore SpA(a)

     612,986        1,542,518  

Ascopiave SpA(a)

     332,174        848,439  

Banca IFIS SpA

     182,692        3,581,128  

Banca Popolare di Sondrio SpA

     698,900        5,238,395  

Biesse SpA(a)

     34,933        467,823  

Cairo Communication SpA

     404,589        873,912  

Danieli & C Officine Meccaniche SpA(a)

     26,323        935,309  

Danieli & C Officine Meccaniche SpA, RSP

     9,722        256,719  

Datalogic SpA(a)

     112,532        697,608  

El.En. SpA(a)

     44,607        565,581  

Enav SpA(c)

     815,313        3,416,487  

IMMSI SpA

     678,795        403,204  

Intercos SpA(a)

     50,689        734,666  

Italian Sea Group SpA(a)

     96,072        1,043,803  

Maire Tecnimont SpA

     341,964        2,683,118  

MARR SpA

     79,224        1,007,919  

Orsero SpA

     17,761        274,685  

OVS SpA(a)(c)

     172,677        454,292  

Piaggio & C SpA

     1,216,558      3,852,304  

RAI Way SpA(c)

     443,916        2,488,238  

Salcef Group SpA

     49,542        1,225,273  

Salvatore Ferragamo SpA(a)

     117,830        1,434,180  

Sanlorenzo SpA

     18,351        835,374  

Saras SpA

     3,004,550        5,749,987  

Spaxs SpA*(a)

     97,364        511,044  

Technogym SpA(c)

     287,195        2,853,569  

Tinexta SpA(a)

     46,208        948,687  

Unieuro SpA(a)(c)

     51,817        494,427  

Webuild SpA(a)

     1,026,824        2,486,310  

Wiit SpA(a)

     27,202        530,570  

Zignago Vetro SpA

     163,177        2,336,825  
     

 

 

 
Total Italy

 

     61,798,681  
Japan – 27.6%

 

77 Bank Ltd.

     45,200        1,237,927  

Adastria Co. Ltd.

     22,500        573,111  

ADEKA Corp.

     58,001        1,235,556  

Aeon Delight Co. Ltd.

     24,700        577,740  

Ai Holdings Corp.

     42,100        684,304  

Aica Kogyo Co. Ltd.(a)

     40,900        1,005,306  

Aisan Industry Co. Ltd.

     74,700        840,557  

AIT Corp.

     24,700        295,561  

Alinco, Inc.

     62,600        429,756  

Alleanza Holdings Co. Ltd.(a)

     27,600        189,659  

Alps Alpine Co. Ltd.(a)

     99,200        785,236  

Amano Corp.

     53,400        1,366,182  

Anritsu Corp.

     65,200        532,689  

Arcs Co. Ltd.

     51,200        1,058,879  

ARE Holdings, Inc.(a)

     74,800        954,862  

Ariake Japan Co. Ltd.

     15,400        535,227  

Artience Co. Ltd.

     29,900        575,300  

As One Corp.

     31,000        544,029  

Asanuma Corp.(a)

     35,200        924,510  

ASKUL Corp.(a)

     37,900        574,466  

Autobacs Seven Co. Ltd.(a)

     83,903        888,952  

Bando Chemical Industries Ltd.

     83,000        1,036,506  

Bank of Nagoya Ltd.

     10,200        448,855  

Baroque Japan Ltd.(a)

     54,600        274,182  

Bell System24 Holdings, Inc.

     75,600        802,231  

Bunka Shutter Co. Ltd.

     54,400        625,432  

C Uyemura & Co. Ltd.

     13,600        944,438  

Canon Electronics, Inc.

     18,900        302,585  

Casio Computer Co. Ltd.(a)

     146,800        1,257,080  

Central Glass Co. Ltd.

     21,500        412,257  

Chori Co. Ltd.

     38,200        859,434  

Chugin Financial Group, Inc.

     82,900        720,024  

Chugoku Marine Paints Ltd.

     9,000        134,811  

Citizen Watch Co. Ltd.(a)

     169,800        1,111,842  

CKD Corp.(a)

     54,500        1,085,715  

Computer Engineering & Consulting Ltd.

     19,000        195,216  

Daido Steel Co. Ltd.

     187,155        2,246,305  

Daiei Kankyo Co. Ltd.

     20,300        358,397  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Daihen Corp.

     16,400      $ 1,006,680  

Daiho Corp.(a)

     22,900        516,723  

Daiichikosho Co. Ltd.

     63,800        817,181  

Dainichiseika Color & Chemicals Manufacturing Co. Ltd.

     12,800        252,456  

Daio Paper Corp.

     46,200        354,563  

Daiseki Co. Ltd.

     14,100        339,585  

Daishi Hokuetsu Financial Group, Inc.(a)

     35,140        1,035,544  

Daiwabo Holdings Co. Ltd.(a)

     59,800        1,014,480  

DCM Holdings Co. Ltd.

     71,500        697,780  

Denka Co. Ltd.(a)

     55,400        858,939  

Dexerials Corp.

     28,200        1,245,984  

DIC Corp.

     54,900        1,047,614  

Dip Corp.

     17,800        323,551  

DMG Mori Co. Ltd.(a)

     82,600        2,216,930  

Dowa Holdings Co. Ltd.(a)

     18,700        658,445  

DTS Corp.

     34,500        916,383  

Eagle Industry Co. Ltd.

     61,700        746,866  

Earth Corp.(a)

     18,800        536,007  

EDION Corp.(a)

     96,100        982,938  

Eiken Chemical Co. Ltd.(a)

     48,100        635,634  

Elecom Co. Ltd.

     56,100        572,324  

Elematec Corp.

     68,900        873,627  

en Japan, Inc.(a)

     21,700        386,842  

ES-Con Japan Ltd.

     120,500        828,042  

Exedy Corp.(a)

     83,200        1,682,196  

EXEO Group, Inc.

     140,000        1,497,638  

Ezaki Glico Co. Ltd.

     23,300        651,683  

Fancl Corp.

     36,600        484,389  

Feed One Co. Ltd.

     37,000        238,852  

Ferrotec Holdings Corp.(a)

     33,400        652,795  

Financial Partners Group Co. Ltd.

     88,700        1,267,101  

Food & Life Cos. Ltd.

     21,800        414,552  

FP Corp.(a)

     23,600        429,913  

FP Partner, Inc.

     8,800        372,130  

France Bed Holdings Co. Ltd.

     38,700        329,351  

Fudo Tetra Corp.

     33,300        453,256  

Fuji Corp. Ltd.(a)

     121,300        620,346  

Fuji Oil Holdings, Inc.

     33,600        530,713  

Fuji Pharma Co. Ltd.(a)

     71,400        781,251  

Fuji Soft, Inc.(a)

     16,400        651,254  

Fujikura Ltd.

     211,600        3,184,940  

Fujimi, Inc.(a)

     36,523        849,456  

Fujitec Co. Ltd.(a)

     39,000        977,416  

Fukuyama Transporting Co. Ltd.

     21,200        507,780  

Funai Soken Holdings, Inc.

     38,300        624,562  

Furukawa Electric Co. Ltd.(a)

     34,400        735,755  

Furyu Corp.(a)

     30,300        257,463  

Futaba Industrial Co. Ltd.

     42,300        327,846  

Future Corp.

     47,500        528,841  

Gecoss Corp.

     102,300        780,034  

Glory Ltd.(a)

     32,577        611,310  

Godo Steel Ltd.

     24,300        918,405  

GS Yuasa Corp.(a)

     30,500        634,002  

Gunma Bank Ltd.

     311,800      1,809,262  

H2O Retailing Corp.

     58,800        755,664  

Hakuto Co. Ltd.(a)

     34,600        1,289,398  

Hanwa Co. Ltd.

     21,500        842,413  

Hazama Ando Corp.(a)

     136,900        1,072,803  

Heiwa Corp.

     75,419        999,640  

Heiwa Real Estate Co. Ltd.(a)

     23,100        622,736  

Hirogin Holdings, Inc.

     201,500        1,452,552  

Hochiki Corp.

     62,500        923,387  

Hogy Medical Co. Ltd.(a)

     16,200        401,401  

Hokkaido Gas Co. Ltd.

     49,700        830,167  

Hokuetsu Corp.(a)

     31,200        396,636  

Hokuhoku Financial Group, Inc.

     58,100        743,981  

Horiba Ltd.

     26,700        2,827,982  

HU Group Holdings, Inc.(a)

     55,700        899,105  

Hyakugo Bank Ltd.

     24,200        103,775  

Hyakujushi Bank Ltd.

     29,100        572,405  

Ichibanya Co. Ltd.

     95,700        759,428  

Ichigo, Inc.

     201,000        614,906  

Idec Corp.(a)

     27,700        494,352  

IDOM, Inc.

     64,300        441,002  

Iino Kaiun Kaisha Ltd.(a)

     139,600        1,130,857  

Inaba Denki Sangyo Co. Ltd.

     59,300        1,373,329  

Inabata & Co. Ltd.

     48,900        1,025,852  

Inui Global Logistics Co. Ltd.(a)

     58,700        402,206  

Itochu Enex Co. Ltd.

     100,401        1,041,525  

Itoham Yonekyu Holdings, Inc.

     39,600        1,049,232  

Iyogin Holdings, Inc.

     99,400        770,400  

Izumi Co. Ltd.

     36,900        856,030  

JAC Recruitment Co. Ltd.

     199,600        1,056,392  

Japan Aviation Electronics Industry Ltd.(a)

     49,700        814,076  

Japan Lifeline Co. Ltd.

     64,600        519,890  

Japan Securities Finance Co. Ltd.

     50,200        555,585  

Japan Steel Works Ltd.

     25,400        568,603  

Japan Transcity Corp.

     49,700        221,006  

Jeol Ltd.(a)

     12,200        504,461  

Joyful Honda Co. Ltd.(a)

     70,400        1,019,171  

Juroku Financial Group, Inc.

     35,500        1,123,559  

JVCKenwood Corp.

     75,700        472,172  

K’s Holdings Corp.

     93,400        826,650  

Kaga Electronics Co. Ltd.(a)

     27,000        1,138,194  

Kakaku.com, Inc.

     112,300        1,396,098  

Kamigumi Co. Ltd.(a)

     79,300        1,760,010  

Kanamoto Co. Ltd.

     44,800        797,161  

Kandenko Co. Ltd.

     99,600        1,151,015  

Kaneka Corp.

     30,900        778,702  

Kanematsu Corp.

     84,300        1,443,758  

Katitas Co. Ltd.(a)

     26,200        346,056  

Kato Sangyo Co. Ltd.

     32,300        978,529  

Kewpie Corp.

     38,300        716,172  

KH Neochem Co. Ltd.

     35,000        543,923  

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

     15,200        387,671  

Kitz Corp.

     113,700        1,025,475  

Koatsu Gas Kogyo Co. Ltd.

     18,200        107,268  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Kojima Co. Ltd.(a)

     29,400      $ 159,874  

Kokuyo Co. Ltd.

     80,600        1,324,472  

KOMEDA Holdings Co. Ltd.

     46,300        836,089  

Komeri Co. Ltd.(a)

     31,900        729,287  

Konoike Transport Co. Ltd.

     10,600        153,385  

Krosaki Harima Corp.

     35,600        824,461  

Kumagai Gumi Co. Ltd.

     29,100        802,752  

Kumiai Chemical Industry Co. Ltd.

     69,600        382,157  

Kurabo Industries Ltd.

     26,595        615,035  

Kureha Corp.

     32,800        588,837  

KYB Corp.

     31,900        1,089,716  

Kyoei Steel Ltd.

     50,200        800,042  

Kyorin Pharmaceutical Co. Ltd.

     40,690        487,167  

Kyudenko Corp.

     31,400        1,321,396  

Kyushu Financial Group, Inc.

     179,300        1,352,939  

LEC, Inc.

     16,400        120,823  

Life Corp.

     29,100        747,953  

Lintec Corp.

     28,630        598,724  

Mabuchi Motor Co. Ltd.

     58,200        1,067,131  

Makino Milling Machine Co. Ltd.

     12,400        512,894  

Mani, Inc.

     24,200        317,321  

Marubun Corp.(a)

     67,300        687,919  

Maruha Nichiro Corp.

     46,100        905,734  

Matsui Securities Co. Ltd.(a)

     182,740        997,345  

Max Co. Ltd.

     45,200        972,123  

MCJ Co. Ltd.

     82,700        747,521  

Megmilk Snow Brand Co. Ltd.

     31,200        561,763  

MEITEC Group Holdings, Inc.

     66,100        1,304,574  

Micronics Japan Co. Ltd.

     20,500        1,208,233  

Mirait One Corp.

     65,600        827,883  

Mitsubishi Logistics Corp.

     35,000        1,150,517  

Mitsubishi Materials Corp.

     59,900        1,154,701  

Mitsubishi Shokuhin Co. Ltd.

     33,000        1,225,412  

Mitsuboshi Belting Ltd.(a)

     49,700        1,533,576  

Mitsui DM Sugar Holdings Co. Ltd.

     47,900        985,883  

Mitsui High-Tec, Inc.

     8,000        461,092  

Mitsui Matsushima Holdings Co. Ltd.(a)

     25,200        485,201  

Mitsui Mining & Smelting Co. Ltd.

     49,764        1,547,716  

Mitsui-Soko Holdings Co. Ltd.(a)

     34,200        1,063,207  

Mizuho Medy Co. Ltd.(a)

     19,700        438,009  

Mizuno Corp.

     13,900        584,122  

Mochida Pharmaceutical Co. Ltd.

     24,500        521,259  

Morinaga & Co. Ltd.

     35,200        610,642  

Morinaga Milk Industry Co. Ltd.

     33,400        689,870  

Musashi Seimitsu Industry Co. Ltd.

     47,800        532,181  

Musashino Bank Ltd.

     36,200        705,846  

Nabtesco Corp.

     55,700        942,165  

Nachi-Fujikoshi Corp.(a)

     27,300        629,535  

Nagase & Co. Ltd.

     65,600        1,107,023  

Nakanishi, Inc.

     31,200        485,487  

Nakayama Steel Works Ltd.(a)

     78,000        489,610  

NEC Networks & System Integration Corp.

     63,200        1,058,588  

NET One Systems Co. Ltd.

     35,900        640,457  

NHK Spring Co. Ltd.

     114,700        1,134,533  

Nichias Corp.

     58,200      1,565,126  

Nichicon Corp.

     49,700        421,980  

Nichiha Corp.

     32,600        742,060  

Nihon Kohden Corp.

     22,500        595,262  

Nihon M&A Center Holdings, Inc.

     170,800        1,113,876  

Nihon Nohyaku Co. Ltd.(a)

     31,500        171,502  

Nikkon Holdings Co. Ltd.

     49,700        970,225  

Nippn Corp.

     77,800        1,219,344  

Nippon Air Conditioning Services Co. Ltd.

     75,000        464,336  

Nippon Carbon Co. Ltd.

     26,100        919,178  

Nippon Denko Co. Ltd.

     207,300        447,898  

Nippon Electric Glass Co. Ltd.

     74,500        1,906,003  

Nippon Gas Co. Ltd.

     75,400        1,280,124  

Nippon Kanzai Holdings Co. Ltd.

     39,800        674,795  

Nippon Kayaku Co. Ltd.

     119,999        1,035,506  

Nippon Pillar Packing Co. Ltd.

     34,400        1,450,144  

Nippon Road Co. Ltd.

     14,600        183,483  

Nippon Shokubai Co. Ltd.

     55,600        538,568  

Nippon Soda Co. Ltd.(a)

     31,600        1,265,295  

Nippon Yakin Kogyo Co. Ltd.(a)

     21,300        674,839  

Nipro Corp.(a)

     65,600        531,189  

Nishi-Nippon Financial Holdings, Inc.

     78,900        998,860  

Nishi-Nippon Railroad Co. Ltd.(a)

     38,700        644,126  

Nishimatsu Construction Co. Ltd.(a)

     26,200        772,956  

Nishio Holdings Co. Ltd.

     33,900        866,847  

Nisshin Oillio Group Ltd.

     26,900        915,359  

Nisshinbo Holdings, Inc.

     70,492        573,829  

Nissui Corp.

     199,200        1,263,682  

Nitto Kogyo Corp.(a)

     29,000        793,287  

Noevir Holdings Co. Ltd.

     34,400        1,188,754  

Nomura Micro Science Co. Ltd.

     18,800        737,864  

Noritake Co. Ltd.

     38,000        1,077,142  

North Pacific Bank Ltd.

     200,300        588,942  

NS United Kaiun Kaisha Ltd.(a)

     28,700        874,208  

NSD Co. Ltd.

     65,200        1,282,072  

NTN Corp.(a)

     242,200        502,020  

Ogaki Kyoritsu Bank Ltd.

     59,300        855,343  

Ohsho Food Service Corp.

     16,400        848,472  

Okamura Corp.

     78,600        1,178,909  

Okasan Securities Group, Inc.(a)

     148,200        800,022  

Okinawa Cellular Telephone Co.

     49,600        1,163,435  

OKUMA Corp.(a)

     19,700        926,653  

Okumura Corp.

     30,600        1,029,132  

Onward Holdings Co. Ltd.

     108,600        409,730  

Open Up Group, Inc.

     49,700        691,915  

Organo Corp.

     15,700        798,771  

Osaka Soda Co. Ltd.(a)

     4,500        287,225  

OSG Corp.

     60,100        868,471  

PAL GROUP Holdings Co. Ltd.

     52,300        897,095  

PALTAC Corp.

     17,900        486,693  

Paramount Bed Holdings Co. Ltd.

     37,800        650,376  

Penta-Ocean Construction Co. Ltd.

     149,500        767,429  

PHC Holdings Corp.(a)

     91,300        745,626  

Pigeon Corp.

     78,300        751,984  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Pilot Corp.

     16,400      $ 431,280  

Press Kogyo Co. Ltd.

     219,700        1,037,930  

Prima Meat Packers Ltd.

     52,400        797,365  

Raito Kogyo Co. Ltd.

     48,200        648,739  

Raiznext Corp.

     78,900        1,131,798  

Relo Group, Inc.

     76,000        625,445  

Rengo Co. Ltd.

     124,800        964,789  

Resorttrust, Inc.

     50,100        878,889  

Riso Kagaku Corp.(a)

     34,100        698,470  

Roland Corp.

     17,800        536,311  

Rorze Corp.

     1,000        142,720  

Round One Corp.

     86,200        448,243  

Ryobi Ltd.

     19,300        381,932  

S Foods, Inc.

     27,700        613,136  

Sakai Chemical Industry Co. Ltd.(a)

     25,700        328,414  

Sakai Moving Service Co. Ltd.

     29,600        499,902  

Sakata Seed Corp.

     16,500        406,654  

SAMTY Co. Ltd.

     47,200        874,796  

San-Ai Obbli Co. Ltd.

     49,600        684,296  

San-In Godo Bank Ltd.

     129,000        1,028,795  

Sangetsu Corp.

     65,500        1,445,505  

Sanki Engineering Co. Ltd.

     87,700        1,238,329  

Sankyu, Inc.

     27,200        938,507  

Sanshin Electronics Co. Ltd.

     34,700        493,176  

Sanyo Chemical Industries Ltd.

     18,700        526,360  

Sanyo Special Steel Co. Ltd.

     34,700        515,416  

Sawai Group Holdings Co. Ltd.

     16,500        657,405  

Scroll Corp.

     103,200        654,610  

Seika Corp.

     20,800        509,194  

Seiko Group Corp.(a)

     19,000        523,506  

Seiren Co. Ltd.(a)

     46,400        845,559  

Senko Group Holdings Co. Ltd.

     125,200        948,855  

Senshu Ikeda Holdings, Inc.

     184,600        481,793  

Seria Co. Ltd.

     47,000        934,752  

Shibaura Machine Co. Ltd.(a)

     16,500        395,206  

Shibaura Mechatronics Corp.(a)

     8,200        347,299  

Shiga Bank Ltd.

     24,300        673,551  

Shin-Etsu Polymer Co. Ltd.

     66,800        679,277  

Shinagawa Refractories Co. Ltd.(a)

     29,500        375,609  

Shinsho Corp.

     16,400        782,371  

Ship Healthcare Holdings, Inc.

     26,100        362,498  

Shoei Co. Ltd.(a)

     30,500        454,039  

Sinfonia Technology Co. Ltd.

     42,200        903,419  

SKY Perfect JSAT Holdings, Inc.

     183,000        1,280,498  

Sotetsu Holdings, Inc.

     45,200        821,004  

ST Corp.

     8,900        90,914  

Star Micronics Co. Ltd.

     49,500        607,364  

Starts Corp., Inc.(a)

     48,000        1,081,503  

Sumida Corp.

     42,600        345,371  

Sumitomo Bakelite Co. Ltd.

     45,400        1,388,293  

Sumitomo Mitsui Construction Co. Ltd.

     182,700        519,086  

Sumitomo Osaka Cement Co. Ltd.(a)

     20,300        516,671  

Sun Frontier Fudousan Co. Ltd.

     85,800        1,111,724  

Sun-Wa Technos Corp.

     39,100        617,457  

Suruga Bank Ltd.(a)

     104,000      613,644  

Suzuden Corp.

     49,500        706,465  

Systena Corp.

     217,500        390,895  

T Hasegawa Co. Ltd.(a)

     22,800        456,467  

T-Gaia Corp.

     51,600        703,024  

Tachi-S Co. Ltd.

     46,900        619,466  

Tachibana Eletech Co. Ltd.

     18,100        386,888  

Taiheiyo Cement Corp.

     60,000        1,395,091  

Taikisha Ltd.

     22,000        675,212  

Taiyo Holdings Co. Ltd.

     35,600        797,410  

Takaoka Toko Co. Ltd.

     16,400        278,706  

Takara Bio, Inc.

     46,800        299,950  

Takara Holdings, Inc.(a)

     148,500        1,050,377  

Takara Standard Co. Ltd.(a)

     79,400        1,024,601  

Takasago Thermal Engineering Co. Ltd.(a)

     43,800        1,412,296  

Takeuchi Manufacturing Co. Ltd.

     38,600        1,555,783  

Takuma Co. Ltd.

     55,800        701,993  

Tama Home Co. Ltd.

     29,200        875,932  

Tamron Co. Ltd.

     15,500        704,615  

Tayca Corp.

     18,200        182,908  

TechnoPro Holdings, Inc.

     45,500        931,375  

Teijin Ltd.

     42,200        393,155  

Teikoku Electric Manufacturing Co. Ltd.

     41,900        707,354  

THK Co. Ltd.

     54,100        1,262,196  

TKC Corp.(a)

     32,300        794,988  

Tocalo Co. Ltd.

     83,000        981,664  

Toda Corp.

     182,600        1,233,662  

Toho Bank Ltd.(a)

     241,900        575,401  

Toho Gas Co. Ltd.

     49,600        1,135,250  

Tokai Carbon Co. Ltd.

     106,700        702,685  

TOKAI Holdings Corp.

     75,900        495,485  

Tokai Rika Co. Ltd.

     56,122        970,811  

Tokai Tokyo Financial Holdings, Inc.

     250,200        1,006,785  

Tokuyama Corp.

     41,000        735,505  

Tokyo Electron Device Ltd.(a)

     21,200        965,133  

Tokyo Kiraboshi Financial Group, Inc.

     27,300        879,365  

Tokyo Seimitsu Co. Ltd.

     29,500        2,373,138  

Tokyo Steel Manufacturing Co. Ltd.

     82,900        911,465  

Tokyotokeiba Co. Ltd.(a)

     16,600        489,735  

Tokyu Construction Co. Ltd.

     53,800        296,825  

Tomoku Co. Ltd.

     26,300        460,157  

Tomy Co. Ltd.

     50,800        944,371  

Topcon Corp.

     59,600        701,953  

Topy Industries Ltd.

     26,100        467,349  

Tosei Corp.

     27,700        452,988  

Totetsu Kogyo Co. Ltd.

     32,100        637,355  

Towa Pharmaceutical Co. Ltd.

     28,700        550,694  

Toyo Tanso Co. Ltd.

     18,100        986,653  

Toyo Tire Corp.

     116,500        2,176,894  

Toyobo Co. Ltd.

     74,700        556,258  

Transcosmos, Inc.(a)

     39,300        815,369  

Trusco Nakayama Corp.

     37,700        643,923  

Tsubakimoto Chain Co.

     41,000        1,395,157  

Tsumura & Co.

     40,201        1,015,484  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  

UACJ Corp.

     32,900      $ 957,577  

UBE Corp.(a)

     68,500        1,234,036  

Ulvac, Inc.

     20,500        1,335,422  

Universal Entertainment Corp.

     27,300        362,389  

Valor Holdings Co. Ltd.

     52,600        871,656  

Valqua Ltd.

     38,200        1,294,830  

VT Holdings Co. Ltd.

     179,300        633,820  

Wacoal Holdings Corp.

     29,500        723,929  

West Holdings Corp.

     16,500        313,876  

Xebio Holdings Co. Ltd.

     76,800        502,375  

YAMABIKO Corp.

     51,300        676,904  

Yamagata Bank Ltd.(a)

     50,500        393,403  

Yamaguchi Financial Group, Inc.(a)

     113,900        1,172,904  

Yamaichi Electronics Co. Ltd.

     45,300        745,297  

Yamazen Corp.

     92,700        824,436  

Yaoko Co. Ltd.(a)

     14,800        894,288  

Yellow Hat Ltd.

     64,900        853,784  

Yokogawa Bridge Holdings Corp.

     49,700        968,419  

Yokorei Co. Ltd.(a)

     36,500        251,059  

Yuasa Trading Co. Ltd.

     23,600        834,253  

Yurtec Corp.

     64,100        642,927  
     

 

 

 
Total Japan

 

     303,061,548  
Malaysia – 0.1%

 

Frencken Group Ltd.

     559,900        692,822  
Netherlands – 1.8%

 

AMG Critical Materials NV(a)

     25,309        575,101  

Brunel International NV(a)

     56,390        619,974  

Corbion NV

     63,260        1,356,168  

ForFarmers NV(a)

     174,197        488,205  

Koninklijke BAM Groep NV

     565,420        2,144,615  

Koninklijke Heijmans NV

     91,641        1,698,364  

RHI Magnesita NV

     58,241        2,598,596  

SBM Offshore NV(a)

     451,704        7,215,158  

Sligro Food Group NV

     33,873        512,891  

Wereldhave NV

     139,901        2,181,784  
     

 

 

 
Total Netherlands

 

     19,390,856  
Norway – 3.6%

 

ABG Sundal Collier Holding ASA

     1,236,518        692,995  

Aker Solutions ASA

     301,761        1,079,804  

Atea ASA*

     99,622        1,191,945  

Austevoll Seafood ASA

     401,451        3,152,815  

Awilco LNG AS

     578,655        362,173  

Belships ASA

     805,106        1,551,050  

Borregaard ASA

     88,645        1,545,972  

Bouvet ASA

     97,460        556,088  

DNO ASA

     2,542,025        2,284,603  

Elmera Group ASA(c)

     208,296        659,337  

Europris ASA(c)

     273,359        1,965,415  

Gram Car Carriers ASA

     41,156        755,699  

Grieg Seafood ASA

     200,772        1,258,457  

Hoegh Autoliners ASA

     722,340        6,139,018  

Kitron ASA

     178,468        559,327  

MPC Container Ships ASA

     2,388,779        2,762,313  

Panoro Energy ASA

     185,106      455,914  

Protector Forsikring ASA

     148,136        3,099,651  

Rana Gruber ASA

     188,904        1,372,125  

SpareBank 1 Nord Norge

     153,164        1,349,711  

SpareBank 1 Oestlandet

     63,932        733,103  

SpareBank 1 SMN

     187,952        2,387,385  

Sparebanken Vest

     111,033        1,191,328  

TGS ASA

     134,533        1,465,793  

Veidekke ASA

     118,074        1,284,288  
     

 

 

 
Total Norway

 

     39,856,309  
Portugal – 1.4%

 

Altri SGPS SA(a)

     460,027        2,598,416  

Corticeira Amorim SGPS SA(a)

     100,905        1,071,248  

CTT-Correios de Portugal SA

     180,929        807,016  

Mota-Engil SGPS SA

     382,716        1,990,200  

NOS SGPS SA(a)

     901,326        3,529,664  

REN – Redes Energeticas Nacionais SGPS SA

     1,062,598        2,524,733  

Sonae SGPS SA

     3,228,999        3,068,840  
     

 

 

 
Total Portugal

 

     15,590,117  
Singapore – 2.7%

 

Aztech Global Ltd.(b)

     1,117,200        844,357  

China Aviation Oil Singapore Corp. Ltd.

     548,000        367,472  

ComfortDelGro Corp. Ltd.

     1,869,700        1,939,523  

CSE Global Ltd.

     1,853,000        590,390  

Delfi Ltd.(a)

     945,100        630,253  

Digital Core REIT Management Pte. Ltd.(a)

     2,422,300        1,453,380  

Food Empire Holdings Ltd.

     979,000        986,544  

Geo Energy Resources Ltd.(a)

     3,117,100        796,828  

Hong Fok Corp. Ltd.

     693,300        426,377  

Hour Glass Ltd.(a)

     590,700        700,296  

iFAST Corp. Ltd.

     78,800        388,862  

Keppel Infrastructure Trust

     13,346,841        4,895,292  

Netlink NBN Trust(b)

     8,903,100        5,640,301  

Propnex Ltd.(b)

     1,702,700        1,160,702  

Raffles Medical Group Ltd.

     2,463,000        1,897,985  

Sheng Siong Group Ltd.

     2,483,200        2,815,128  

SIA Engineering Co. Ltd.

     500,800        838,625  

StarHub Ltd.

     1,947,100        1,702,414  

UMS Holdings Ltd.

     946,698        946,979  

Wing Tai Holdings Ltd.

     324,700        339,232  
     

 

 

 
Total Singapore

 

     29,360,940  
Spain – 1.1%

 

Almirall SA

     100,049        893,057  

Atresmedia Corp. de Medios de Comunicacion SA

     518,244        2,480,606  

Construcciones y Auxiliar de Ferrocarriles SA

     34,790        1,269,974  

Ercros SA(a)

     155,066        587,824  

Faes Farma SA

     416,532        1,414,792  

Global Dominion Access SA(c)

     170,694        620,336  

Pharma Mar SA(a)

     8,665        268,955  

Prosegur Cash SA(a)(c)

     1,410,220        729,535  

Sacyr SA

     853,633        3,152,979  

Talgo SA(a)(c)

     67,971        329,972  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Tubacex SA

     122,833      $ 442,420  
     

 

 

 
Total Spain

 

     12,190,450  
Sweden – 6.2%

 

AcadeMedia AB(c)

     142,836        648,417  

Addnode Group AB

     60,303        645,181  

AFRY AB(a)

     132,224        2,114,575  

Alimak Group AB(c)

     88,413        810,324  

Alleima AB

     131,242        885,453  

Alligo AB, Class B

     52,355        754,042  

Ambea AB(c)

     55,726        332,242  

Arjo AB, Class B

     153,979        736,587  

Atrium Ljungberg AB, Class B

     128,715        2,518,300  

Bahnhof AB, Class B(a)

     114,886        475,979  

Beijer Alma AB

     45,202        817,581  

Bilia AB, Class A(a)

     166,621        2,137,965  

Billerud Aktiebolag

     357,460        3,210,006  

BioGaia AB, Class B

     38,755        452,696  

Bravida Holding AB(c)

     256,140        2,249,364  

Bufab AB

     14,838        582,552  

Catena AB(a)

     30,411        1,487,473  

Clas Ohlson AB, Class B(a)

     27,838        377,505  

Cloetta AB, Class B

     442,964        753,560  

Dios Fastigheter AB(a)

     89,625        722,106  

Dometic Group AB(c)

     164,864        1,334,318  

Duni AB

     53,215        550,435  

Electrolux Professional AB, Class B

     105,018        687,509  

Fagerhult Group AB

     124,980        863,777  

Fasadgruppen Group AB(a)

     71,890        488,787  

FastPartner AB, Class A(a)

     167,097        1,203,306  

Granges AB

     95,604        1,035,384  

Hemnet Group AB

     3,538        108,463  

HMS Networks AB(a)

     18,205        789,316  

Hufvudstaden AB, Class A(a)

     137,780        1,675,121  

Instalco AB(a)(b)

     146,169        577,972  

Inwido AB

     107,020        1,460,283  

Lagercrantz Group AB, Class B

     103,805        1,590,189  

Lindab International AB

     72,649        1,562,695  

Loomis AB

     76,689        2,143,040  

Medicover AB, Class B(a)

     27,787        358,622  

MEKO AB

     53,483        603,226  

MIPS AB(b)

     13,771        452,053  

Munters Group AB(c)

     61,124        1,098,135  

Mycronic AB

     50,733        1,793,490  

NCAB Group AB

     119,676        785,148  

NCC AB, Class B

     96,983        1,336,026  

New Wave Group AB, Class B

     100,456        1,203,300  

Nordic Paper Holding AB

     201,447        1,000,396  

Nordic Waterproofing Holding AB(a)

     32,840        503,690  

NP3 Fastigheter AB

     50,729        1,048,492  

OEM International AB, Class B

     88,909        873,075  

Paradox Interactive AB

     33,757        593,840  

Peab AB, Class B(a)

     620,813        3,910,345  

Platzer Fastigheter Holding AB, Class B(a)

     110,756        952,954  

Prevas AB, Class B(a)

     53,347      611,670  

Ratos AB, Class B(a)

     231,188        760,638  

Resurs Holding AB(a)(c)

     584,432        847,740  

Rvrc Holding AB

     49,712        318,005  

Sectra AB, Class B(a)

     41,443        802,884  

SkiStar AB(a)

     41,317        623,275  

Storskogen Group AB, Class B(a)

     555,595        296,176  

Synsam AB

     108,169        587,754  

Systemair AB(a)

     112,017        800,376  

Tethys Oil AB

     68,940        229,239  

Troax Group AB

     34,055        784,125  

VBG Group AB, Class B

     20,745        608,230  

Volati AB(a)(b)

     46,149        538,634  

Wallenstam AB, Class B(a)

     268,814        1,316,089  

Wihlborgs Fastigheter AB

     354,441        3,288,307  
     

 

 

 
Total Sweden

 

     67,708,437  
Switzerland – 1.5%

 

Ascom Holding AG, Registered Shares

     30,195        275,902  

Cembra Money Bank AG(a)

     50,152        4,203,926  

Comet Holding AG, Registered Shares

     5,168        1,802,804  

Huber & Suhner AG, Registered Shares(a)

     18,674        1,579,837  

Landis & Gyr Group AG*

     28,900        2,221,966  

Medmix AG(c)

     34,235        608,910  

Mobilezone Holding AG, Registered Shares(a)

     95,856        1,581,459  

OC Oerlikon Corp. AG, Registered Shares(a)

     796,042        3,510,468  

u-blox Holding AG*(a)

     3,394        327,078  

Zehnder Group AG

     8,796        583,991  
     

 

 

 
Total Switzerland

 

     16,696,341  
United Kingdom – 17.4%

 

4imprint Group PLC

     74,732        5,985,289  

AG Barr PLC

     93,410        686,761  

AJ Bell PLC

     411,021        1,570,128  

Alfa Financial Software Holdings PLC(c)

     469,209        1,004,674  

Alliance Pharma PLC(a)

     514,536        258,045  

Alpha Financial Markets Consulting PLC

     132,965        544,216  

Ashmore Group PLC

     1,823,995        4,509,244  

Assura PLC

     6,145,820        3,285,601  

Avon Protection PLC

     36,040        492,608  

Balfour Beatty PLC

     749,142        3,616,963  

Big Yellow Group PLC

     240,192        3,228,416  

Bloomsbury Publishing PLC

     127,208        848,472  

Bodycote PLC

     295,442        2,599,457  

Brickability Group PLC

     449,708        343,697  

Bridgepoint Group PLC(c)

     1,031,035        3,388,988  

Bytes Technology Group PLC

     124,360        802,770  

Chemring Group PLC

     203,627        933,751  

Chesnara PLC

     263,505        875,455  

Clarkson PLC

     45,605        2,310,182  

CMC Markets PLC(c)

     602,740        1,656,069  

Coats Group PLC

     1,234,667        1,264,911  

Concentric AB

     26,290        470,597  

Craneware PLC

     19,466        540,989  

Cranswick PLC

     31,347        1,621,979  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  

CVS Group PLC

     7,614      $ 93,779  

DFS Furniture PLC

     428,792        599,089  

DiscoverIE Group PLC

     46,281        442,576  

Domino’s Pizza Group PLC

     503,303        2,190,958  

Dowlais Group PLC

     545,605        537,604  

Dr. Martens PLC

     1,391,292        1,542,250  

Drax Group PLC

     587,560        3,721,567  

Empiric Student Property PLC(a)

     1,267,030        1,520,547  

Essentra PLC

     192,151        426,728  

FDM Group Holdings PLC

     258,876        1,121,696  

Fevertree Drinks PLC

     54,346        824,517  

Firstgroup PLC

     489,019        1,114,427  

Fonix Mobile PLC

     162,641        518,777  

FRP Advisory Group PLC

     257,608        370,983  

Fuller Smith & Turner PLC, Class A

     46,977        350,128  

Galliford Try Holdings PLC

     255,920        775,898  

Gamma Communications PLC

     40,131        693,514  

Gateley Holdings PLC

     222,582        354,283  

Genuit Group PLC

     289,574        1,613,197  

Genus PLC

     24,596        548,401  

Grainger PLC

     609,976        1,986,483  

H&T Group PLC(a)

     77,312        363,312  

Halfords Group PLC

     300,761        609,798  

Hammerson PLC

     4,313,621        1,622,766  

Hargreaves Services PLC

     61,335        385,858  

Hays PLC

     2,321,138        2,769,442  

Helical PLC

     278,536        731,870  

Hill & Smith PLC

     76,924        1,900,728  

Hilton Food Group PLC

     110,862        1,180,591  

Hollywood Bowl Group PLC

     413,828        1,722,521  

Hunting PLC

     155,739        650,217  

Ibstock PLC(c)

     884,118        1,683,111  

Impax Asset Management Group PLC

     275,235        1,615,023  

IntegraFin Holdings PLC(b)

     433,834        1,523,553  

James Halstead PLC(a)

     247,837        629,291  

Johnson Service Group PLC

     256,581        425,901  

Jupiter Fund Management PLC

     1,397,944        1,563,751  

Just Group PLC

     645,229        857,470  

Kainos Group PLC

     74,993        914,665  

Keller Group PLC

     104,948        1,389,392  

Kitwave Group PLC(a)

     143,363        671,893  

Learning Technologies Group PLC

     470,316        507,384  

LondonMetric Property PLC

     1,850,863        4,751,024  

Luceco PLC(c)

     211,453        371,828  

Marshalls PLC

     430,451        1,494,272  

Mattioli Woods PLC

     65,839        658,715  

Me Group International PLC

     872,009        1,833,005  

Mears Group PLC

     188,195        877,251  

Midwich Group PLC

     112,304        610,032  

Mitie Group PLC

     1,618,830        2,147,236  

Moneysupermarket.com Group PLC

     674,580        1,873,055  

Morgan Advanced Materials PLC

     319,452        1,150,111  

Morgan Sindall Group PLC

     72,769        2,132,670  

Mortgage Advice Bureau Holdings Ltd.

     75,306        867,588  

MP Evans Group PLC

     70,548      721,870  

Next 15 Group PLC

     60,129        701,852  

Nichols PLC(a)

     43,071        526,683  

Odfjell Technology Ltd.

     62,312        371,623  

Oxford Instruments PLC

     26,770        718,616  

PageGroup PLC

     1,075,978        6,097,502  

Pan African Resources PLC

     3,581,844        1,018,072  

PayPoint PLC

     215,778        1,324,746  

Pennon Group PLC

     406,391        3,324,093  

Pets at Home Group PLC

     571,469        1,937,602  

Polar Capital Holdings PLC

     334,593        1,925,283  

Premier Foods PLC

     256,875        484,799  

Primary Health Properties PLC(a)

     2,433,463        2,881,942  

PZ Cussons PLC(a)

     672,060        761,535  

QinetiQ Group PLC

     313,291        1,445,333  

Reach PLC

     903,310        894,627  

Redde Northgate PLC

     674,932        3,252,699  

Redrow PLC

     579,709        4,873,572  

Renew Holdings PLC

     66,191        772,610  

Restore PLC(a)

     129,367        352,993  

Robert Walters PLC

     114,052        586,390  

RWS Holdings PLC

     623,346        1,477,241  

Safestore Holdings PLC

     266,122        2,536,468  

Savills PLC

     190,895        2,570,639  

Secure Trust Bank PLC

     44,599        371,842  

Senior PLC

     173,879        388,346  

Serco Group PLC

     651,574        1,561,422  

Serica Energy PLC

     1,053,886        2,509,541  

Severfield PLC

     590,529        408,800  

Speedy Hire PLC

     1,583,347        508,041  

Spirent Communications PLC

     1,111,557        2,808,349  

SThree PLC

     241,904        1,314,016  

Tatton Asset Management PLC(a)

     69,511        498,759  

TBC Bank Group PLC

     81,252        3,299,927  

Telecom Plus PLC

     115,788        2,381,262  

TORM PLC, Class A

     259,087        8,785,662  

Travis Perkins PLC

     279,892        2,578,965  

TT Electronics PLC

     258,021        516,949  

Tyman PLC

     343,755        1,257,149  

Vertu Motors PLC

     388,327        331,124  

Vesuvius PLC

     495,977        3,102,640  

Victrex PLC

     102,355        1,679,606  

Volution Group PLC

     118,313        649,548  

Warpaint London PLC

     96,128        500,914  

WH Smith PLC

     89,612        1,490,875  

Wickes Group PLC

     658,990        1,291,160  

Wincanton PLC

     187,143        1,418,450  

Workspace Group PLC(a)

     282,366        1,828,081  

XPS Pensions Group PLC(b)

     353,003        1,030,101  

YouGov PLC

     30,525        385,607  
     

 

 

 
Total United Kingdom

 

     191,127,914  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2024

 

 

 

Investments    Shares      Value  
United States – 0.1%

 

Noram Drilling AS*

     223,216      $ 770,555  

TOTAL COMMON STOCKS

(Cost: $978,084,010)

 

 

     1,084,983,854  
EXCHANGE-TRADED FUNDS – 0.0%

 

United States – 0.0%

 

WisdomTree Europe SmallCap Dividend Fund(d)

     3,929        234,751  

WisdomTree Japan SmallCap Dividend Fund(d)

     2,452        189,540  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $318,025)

 

 

     424,291  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.5%

 

United States – 5.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(e)

 

  
(Cost: $59,942,222)      59,942,222        59,942,222  

TOTAL INVESTMENTS IN SECURITIES – 104.2%

(Cost: $1,038,344,257)

 

 

     1,145,350,367  

Other Assets less Liabilities – (4.2)%

 

     (46,087,958
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,099,262,409  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $129,254,151 and the total market value of the collateral held by the Fund was $137,014,256. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $77,072,034.

 

(b) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(c) 

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.

 

(d) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2024
    Dividend
Income
 

WisdomTree Europe SmallCap Dividend Fund

  $ 1,967,678     $ 12,175,951     $ 13,601,715     $ (74,712   $ (232,451   $ 234,751     $ 179,724  

WisdomTree Japan SmallCap Dividend Fund

    1,615,590       9,806,595       11,413,481       318,117       (137,281     189,540       57,569  

Total

  $ 3,583,268     $ 21,982,546     $ 25,015,196     $ 243,405     $ (369,732   $ 424,291     $ 237,293  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 – Fair Value Measurement):

 

     

Quoted

Prices in

Active

Markets

(Level 1)

    

Other
Significant
Observable
Inputs

(Level 2)

    

Significant
Unobservable
Inputs

(Level 3)

     Total  

Assets:

        

Investments in Securities

        

Common Stocks

   $ 1,084,983,854      $      $      $ 1,084,983,854  

Exchange-Traded Funds

     424,291                      424,291  

Investment of Cash Collateral for Securities Loaned

            59,942,222               59,942,222  

Total Investments in Securities

   $ 1,085,408,145      $ 59,942,222      $      $ 1,145,350,367  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Schedule of Investments

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.6%

 

Japan – 98.6%

 

Air Freight & Logistics – 1.0%

 

AIT Corp.

     18,000      $ 215,389  

AZ-COM MARUWA Holdings, Inc.

     13,900        123,988  

Hamakyorex Co. Ltd.

     5,400        137,368  

Konoike Transport Co. Ltd.

     18,200        263,358  

Mitsui-Soko Holdings Co. Ltd.(a)

     14,300        444,557  

Sankyu, Inc.

     17,000        586,567  

SBS Holdings, Inc.

     11,900        206,556  

Senko Group Holdings Co. Ltd.

     41,056        311,152  

Shibusawa Warehouse Co. Ltd.

     10,000        204,500  

Trancom Co. Ltd.

     2,100        83,670  
     

 

 

 
Total Air Freight & Logistics

 

     2,577,105  
Automobile Components – 4.2%

 

Aisan Industry Co. Ltd.

     43,800        492,857  

Daikyonishikawa Corp.

     46,900        238,924  

Eagle Industry Co. Ltd.

     29,200        353,460  

Exedy Corp.(a)

     26,725        540,345  

Fujikura Composites, Inc.(a)

     16,500        156,992  

FuKoKu Co. Ltd.

     15,100        186,973  

Futaba Industrial Co. Ltd.

     36,200        280,568  

G-Tekt Corp.

     19,600        273,645  

Ichikoh Industries Ltd.

     37,600        137,387  

KYB Corp.(a)

     25,800        881,337  

Musashi Seimitsu Industry Co. Ltd.

     13,600        151,416  

NHK Spring Co. Ltd.

     99,700        986,163  

Nichirin Co. Ltd.

     10,000        253,064  

Pacific Industrial Co. Ltd.

     21,000        236,995  

Press Kogyo Co. Ltd.

     80,500        380,307  

Seiren Co. Ltd.(a)

     25,211        459,427  

Shoei Co. Ltd.(a)

     26,900        400,447  

Sumitomo Riko Co. Ltd.

     30,900        272,158  

Tachi-S Co. Ltd.

     34,500        455,684  

Tokai Rika Co. Ltd.

     49,758        860,725  

Topre Corp.

     18,000        310,654  

Toyo Tire Corp.

     103,200        1,928,373  

Unipres Corp.

     23,100        178,884  
     

 

 

 
Total Automobile Components

 

     10,416,785  
Banks – 6.6%

 

77 Bank Ltd.

     30,900        846,282  

Aichi Financial Group, Inc.

     19,400        340,072  

Akita Bank Ltd.

     8,600        119,898  

Awa Bank Ltd.

     12,775        232,380  

Bank of Iwate Ltd.

     8,100        137,761  

Bank of Nagoya Ltd.

     6,969        306,674  

Bank of Saga Ltd.

     9,200        130,026  

Bank of the Ryukyus Ltd.

     26,508        209,654  

Chugin Financial Group, Inc.

     64,500        560,212  

Daishi Hokuetsu Financial Group, Inc.(a)

     17,455        514,383  

Ehime Bank Ltd.

     16,299        122,341  

FIDEA Holdings Co. Ltd.

     9,880        104,319  

First Bank of Toyama Ltd.(a)

     36,400        229,447  

Fukui Bank Ltd.

     11,448      147,350  

Gunma Bank Ltd.

     233,200        1,353,175  

Hirogin Holdings, Inc.

     132,600        955,873  

Hokuhoku Financial Group, Inc.

     34,700        444,340  

Hyakugo Bank Ltd.

     120,500        516,730  

Hyakujushi Bank Ltd.

     17,600        346,197  

Iyogin Holdings, Inc.

     74,400        576,637  

Juroku Financial Group, Inc.

     15,400        487,403  

Keiyo Bank Ltd.

     56,842        286,191  

Kiyo Bank Ltd.(a)

     22,790        278,880  

Miyazaki Bank Ltd.

     11,300        213,837  

Musashino Bank Ltd.

     23,400        456,265  

Nanto Bank Ltd.(a)

     17,600        356,431  

Nishi-Nippon Financial Holdings, Inc.

     55,900        707,684  

North Pacific Bank Ltd.

     131,215        385,812  

Ogaki Kyoritsu Bank Ltd.

     18,242        263,123  

Oita Bank Ltd.

     10,800        215,508  

Okinawa Financial Group, Inc.

     8,980        155,991  

Procrea Holdings, Inc.(a)

     8,862        108,854  

San ju San Financial Group, Inc.

     18,600        256,119  

San-In Godo Bank Ltd.

     69,100        551,083  

Senshu Ikeda Holdings, Inc.

     138,040        360,275  

Shiga Bank Ltd.

     19,284        534,516  

Shikoku Bank Ltd.

     20,900        169,028  

Suruga Bank Ltd.(a)

     74,000        436,631  

Toho Bank Ltd.(a)

     79,000        187,915  

Tokyo Kiraboshi Financial Group, Inc.

     18,400        592,686  

TOMONY Holdings, Inc.

     60,177        166,203  

Yamagata Bank Ltd.(a)

     14,700        114,515  

Yamaguchi Financial Group, Inc.(a)

     80,400        827,932  

Yamanashi Chuo Bank Ltd.

     19,400        241,370  
     

 

 

 
Total Banks

 

     16,548,003  
Beverages – 0.3%

 

Takara Holdings, Inc.(a)

     120,211        850,282  
Biotechnology – 0.1%

 

Takara Bio, Inc.

     49,400        316,614  
Broadline Retail – 0.8%

 

ASKUL Corp.

     18,930        286,930  

Belluna Co. Ltd.

     37,384        153,147  

Izumi Co. Ltd.

     31,900        740,037  

Mr. Max Holdings Ltd.

     37,100        155,661  

Seria Co. Ltd.

     32,400        644,382  
     

 

 

 
Total Broadline Retail

 

     1,980,157  
Building Products – 1.4%

 

Bunka Shutter Co. Ltd.

     33,100        380,548  

Central Glass Co. Ltd.

     10,686        204,901  

Kondotec, Inc.

     20,100        171,324  

Nichias Corp.

     27,213        731,817  

Nichiha Corp.

     9,700        220,797  

Nippon Aqua Co. Ltd.

     15,300        106,755  

Nitto Boseki Co. Ltd.(a)

     5,900        232,733  

Noritz Corp.

     18,500        213,182  

Okabe Co. Ltd.

     23,400        121,371  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

Shin Nippon Air Technologies Co. Ltd.

     12,600      $ 288,473  

Takara Standard Co. Ltd.(a)

     16,731        215,902  

Takasago Thermal Engineering Co. Ltd.(a)

     22,472        724,592  
     

 

 

 
Total Building Products

 

     3,612,395  
Capital Markets – 1.3%

 

GMO Financial Holdings, Inc.

     43,900        230,312  

Ichiyoshi Securities Co. Ltd.

     21,088        118,158  

IwaiCosmo Holdings, Inc.

     17,200        254,684  

M&A Capital Partners Co. Ltd.

     6,500        98,352  

Matsui Securities Co. Ltd.(a)

     176,900        965,472  

Okasan Securities Group, Inc.(a)

     90,500        488,543  

SBI Global Asset Management Co. Ltd.(a)

     39,344        191,072  

Sparx Group Co. Ltd.(a)

     22,700        281,978  

Tokai Tokyo Financial Holdings, Inc.

     132,300        532,365  
     

 

 

 
Total Capital Markets

 

     3,160,936  
Chemicals – 8.7%

 

ADEKA Corp.

     39,825        848,365  

Aica Kogyo Co. Ltd.(a)

     41,915        1,030,254  

Artience Co. Ltd.

     22,802        438,729  

Asahi Yukizai Corp.

     8,100        282,586  

C Uyemura & Co. Ltd.

     8,300        576,385  

Chugoku Marine Paints Ltd.

     40,900        612,642  

CI Takiron Corp.

     34,600        157,974  

Dai Nippon Toryo Co. Ltd.

     24,400        195,561  

Dainichiseika Color & Chemicals Manufacturing Co. Ltd.

     12,742        251,312  

Denka Co. Ltd.(a)

     37,200        576,760  

DIC Corp.

     36,600        698,410  

Fujimi, Inc.(a)

     27,700        644,250  

Fujimori Kogyo Co. Ltd.

     4,000        114,573  

Fuso Chemical Co. Ltd.(a)

     7,700        234,289  

Harima Chemicals Group, Inc.

     31,700        193,746  

Ishihara Sangyo Kaisha Ltd.

     15,300        178,834  

JCU Corp.

     7,000        182,695  

JSP Corp.(a)

     16,523        251,101  

Kaneka Corp.

     26,300        662,778  

Kanto Denka Kogyo Co. Ltd.(a)

     29,600        197,144  

KeePer Technical Laboratory Co. Ltd.(a)

     3,200        105,190  

KH Neochem Co. Ltd.

     19,000        295,272  

Konishi Co. Ltd.(a)

     35,600        368,126  

Kumiai Chemical Industry Co. Ltd.

     66,424        364,719  

Kureha Corp.

     22,292        400,194  

Lintec Corp.

     34,965        731,205  

MEC Co. Ltd.(a)

     5,300        143,054  

Moriroku Holdings Co. Ltd.

     15,100        260,305  

Nihon Nohyaku Co. Ltd.(a)

     30,900        168,235  

Nippon Kayaku Co. Ltd.

     71,200        614,406  

Nippon Pillar Packing Co. Ltd.

     17,000        716,641  

Nippon Shokubai Co. Ltd.

     55,200        534,694  

Nippon Soda Co. Ltd.(a)

     18,618        745,483  

Okura Industrial Co. Ltd.

     7,700        159,500  

Osaka Organic Chemical Industry Ltd.(a)

     6,500        135,931  

Osaka Soda Co. Ltd.(a)

     4,300        274,459  

Riken Technos Corp.

     50,000      331,692  

Sakai Chemical Industry Co. Ltd.(a)

     11,100        141,844  

Sakata INX Corp.

     14,100        146,641  

Sanyo Chemical Industries Ltd.

     13,135        369,719  

Shin-Etsu Polymer Co. Ltd.

     32,800        333,537  

Stella Chemifa Corp.(a)

     5,500        134,098  

Sumitomo Bakelite Co. Ltd.

     37,236        1,138,645  

Sumitomo Seika Chemicals Co. Ltd.

     7,500        252,238  

T Hasegawa Co. Ltd.(a)

     11,400        228,234  

Taiyo Holdings Co. Ltd.

     27,482        615,574  

Takasago International Corp.

     5,100        116,595  

Tayca Corp.

     8,300        83,414  

Teijin Ltd.

     49,700        463,028  

Tokai Carbon Co. Ltd.

     81,600        537,386  

Tokuyama Corp.

     29,800        534,587  

Toyobo Co. Ltd.

     38,353        285,598  

UBE Corp.(a)

     56,893        1,024,935  

Valqua Ltd.(a)

     16,337        553,760  
     

 

 

 
Total Chemicals

 

     21,637,327  
Commercial Services & Supplies – 1.3%

 

Aeon Delight Co. Ltd.

     12,800        299,395  

CTS Co. Ltd.

     28,400        149,558  

Daiei Kankyo Co. Ltd.

     14,500        255,998  

Daiseki Co. Ltd.

     6,988        168,299  

Inui Global Logistics Co. Ltd.(a)

     30,100        206,242  

Itoki Corp.(a)

     13,300        156,600  

Kimura Unity Co. Ltd.

     12,600        142,031  

Kokuyo Co. Ltd.

     45,000        739,469  

Nippon Kanzai Holdings Co. Ltd.

     6,700        113,596  

Nippon Parking Development Co. Ltd.(a)

     78,900        107,914  

Okamura Corp.

     40,076        601,094  

Pilot Corp.

     7,300        191,972  

Prestige International, Inc.(a)

     25,100        115,097  

Sato Holdings Corp.

     8,238        125,085  
     

 

 

 
Total Commercial Services & Supplies

 

     3,372,350  
Construction & Engineering – 5.0%

 

Asanuma Corp.(a)

     12,300        323,053  

CTI Engineering Co. Ltd.

     4,400        147,689  

Dai-Dan Co. Ltd.

     21,600        355,516  

Daiho Corp.(a)

     8,900        200,823  

EXEO Group, Inc.

     66,200        708,169  

Fudo Tetra Corp.

     8,900        121,140  

Hazama Ando Corp.(a)

     101,200        793,044  

JDC Corp.(a)

     37,700        133,767  

Kandenko Co. Ltd.

     66,538        768,938  

Kumagai Gumi Co. Ltd.

     11,800        325,515  

Kyudenko Corp.

     13,690        576,112  

Mirait One Corp.

     24,100        304,146  

Nippon Road Co. Ltd.

     16,900        212,388  

Nishimatsu Construction Co. Ltd.(a)

     20,507        605,000  

Nittoc Construction Co. Ltd.

     26,700        207,115  

Okumura Corp.

     16,770        564,005  

Oriental Shiraishi Corp.

     75,900        201,604  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

Penta-Ocean Construction Co. Ltd.

     67,293      $ 345,436  

PS Mitsubishi Construction Co. Ltd.

     25,200        176,497  

Raito Kogyo Co. Ltd.

     22,800        306,872  

Raiznext Corp.

     14,100        202,260  

Sanki Engineering Co. Ltd.

     23,700        334,645  

Seikitokyu Kogyo Co. Ltd.(a)

     15,200        193,634  

SHO-BOND Holdings Co. Ltd.

     11,100        471,151  

Sumitomo Mitsui Construction Co. Ltd.

     38,960        110,693  

Taihei Dengyo Kaisha Ltd.

     6,200        188,648  

Taikisha Ltd.

     12,265        376,431  

Takamatsu Construction Group Co. Ltd.(a)

     9,600        180,145  

Tekken Corp.

     7,000        125,019  

Tess Holdings Co. Ltd.

     27,000        84,027  

Toa Corp.(a)

     24,800        199,586  

Tobishima Corp.

     19,800        195,455  

Toda Corp.

     86,749        586,084  

Tokyu Construction Co. Ltd.

     66,400        366,342  

Totetsu Kogyo Co. Ltd.

     7,279        144,527  

Toyo Construction Co. Ltd.

     24,600        213,256  

Wakachiku Construction Co. Ltd.

     6,100        145,300  

Yahagi Construction Co. Ltd.

     15,500        159,358  

Yokogawa Bridge Holdings Corp.

     19,800        385,809  

Yondenko Corp.

     8,100        215,418  

Yurtec Corp.

     26,500        265,797  
     

 

 

 
Total Construction & Engineering

 

     12,520,414  
Construction Materials – 1.1%

 

Asia Pile Holdings Corp.

     33,900        194,649  

Krosaki Harima Corp.

     24,400        565,080  

Maeda Kosen Co. Ltd.(a)

     4,500        107,783  

Shinagawa Refractories Co. Ltd.(a)

     33,400        425,265  

Sumitomo Osaka Cement Co. Ltd.(a)

     14,740        375,159  

Taiheiyo Cement Corp.

     42,100        978,889  

Yotai Refractories Co. Ltd.

     16,400        159,292  
     

 

 

 
Total Construction Materials

 

     2,806,117  
Consumer Finance – 0.1%

 

J Trust Co. Ltd.(a)

     61,100        183,690  
Consumer Staples Distribution & Retail – 2.6%

 

Aeon Hokkaido Corp.

     26,500        165,641  

Ain Holdings, Inc.

     7,900        288,450  

Arcs Co. Ltd.

     13,794        285,277  

Axial Retailing, Inc.

     27,200        186,731  

Cawachi Ltd.

     6,200        108,806  

Create SD Holdings Co. Ltd.

     14,200        309,624  

Fuji Co. Ltd.

     18,400        226,740  

G-7 Holdings, Inc.

     20,900        199,133  

H2O Retailing Corp.

     37,000        475,503  

Heiwado Co. Ltd.

     11,963        160,777  

JM Holdings Co. Ltd.(a)

     10,900        201,226  

Kansai Food Market Ltd.(a)

     15,300        179,441  

Kato Sangyo Co. Ltd.

     10,416        315,553  

Life Corp.

     13,100        336,707  

Mitsubishi Shokuhin Co. Ltd.

     27,000        1,002,610  

Okuwa Co. Ltd.(a)

     24,900        163,208  

Qol Holdings Co. Ltd.

     13,100      152,947  

Retail Partners Co. Ltd.

     8,100        98,745  

San-A Co. Ltd.

     10,200        316,760  

United Super Markets Holdings, Inc.(a)

     29,900        197,957  

Valor Holdings Co. Ltd.

     26,191        434,022  

Yaoko Co. Ltd.(a)

     9,300        561,951  

Yokorei Co. Ltd.(a)

     17,000        116,931  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     6,484,740  
Containers & Packaging – 0.6%

 

FP Corp.(a)

     19,000        346,116  

Fuji Seal International, Inc.

     16,410        224,879  

Rengo Co. Ltd.

     81,500        630,051  

Tomoku Co. Ltd.

     11,100        194,211  
     

 

 

 
Total Containers & Packaging

 

     1,395,257  
Distributors – 0.5%

 

Arata Corp.

     13,200        287,819  

Happinet Corp.(a)

     12,300        245,846  

Optimus Group Co. Ltd.

     24,400        176,053  

PALTAC Corp.

     15,900        432,314  

Yamae Group Holdings Co. Ltd.(a)

     6,700        123,689  
     

 

 

 
Total Distributors

 

     1,265,721  
Diversified Consumer Services – 0.3%

 

Aucnet, Inc.

     14,200        229,122  

Gakkyusha Co. Ltd.

     12,000        169,123  

Step Co. Ltd.

     17,500        231,722  

Tokyo Individualized Educational Institute, Inc.(a)

     59,500        169,837  
     

 

 

 
Total Diversified Consumer Services

 

     799,804  
Diversified Telecommunication Services – 0.1%

 

U-Next Holdings Co. Ltd.

     4,600        161,089  
Electric Utilities – 0.2%

 

Hokkaido Electric Power Co., Inc.

     24,000        133,237  

Shikoku Electric Power Co., Inc.

     39,700        314,384  
     

 

 

 
Total Electric Utilities

 

     447,621  
Electrical Equipment – 1.6%

 

Daihen Corp.

     8,600        527,893  

Furukawa Electric Co. Ltd.(a)

     26,700        571,065  

GS Yuasa Corp.(a)

     12,900        268,152  

Idec Corp.(a)

     14,336        255,849  

Mabuchi Motor Co. Ltd.

     34,300        628,911  

Nippon Carbon Co. Ltd.

     7,400        260,610  

Nitto Kogyo Corp.(a)

     14,100        385,702  

Sanyo Denki Co. Ltd.

     4,100        190,988  

Sinfonia Technology Co. Ltd.

     19,700        421,738  

SWCC Corp.

     6,800        174,330  

Toyo Tanso Co. Ltd.

     5,300        288,909  
     

 

 

 
Total Electrical Equipment

 

     3,974,147  
Electronic Equipment, Instruments & Components – 8.9%

 

A&D HOLON Holdings Co. Ltd.(a)

     12,500        239,519  

Ai Holdings Corp.

     23,700        385,226  

Alps Alpine Co. Ltd.(a)

     91,800        726,660  

Amano Corp.

     52,835        1,351,727  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

Anritsu Corp.(a)

     62,700      $ 512,264  

Canon Electronics, Inc.(a)

     25,300        405,047  

Citizen Watch Co. Ltd.(a)

     141,600        927,190  

Daitron Co. Ltd.

     10,500        249,761  

Daiwabo Holdings Co. Ltd.(a)

     29,395        498,673  

Dexerials Corp.

     16,600        733,451  

Elematec Corp.

     40,754        516,746  

ESPEC Corp.

     14,700        296,244  

Hagiwara Electric Holdings Co. Ltd.

     6,400        189,237  

Hakuto Co. Ltd.(a)

     26,434        985,085  

Hioki EE Corp.(a)

     5,000        239,189  

Hochiki Corp.

     12,900        190,587  

Horiba Ltd.

     26,900        2,849,166  

Innotech Corp.

     14,900        199,264  

Iriso Electronics Co. Ltd.

     6,700        134,137  

Japan Aviation Electronics Industry Ltd.(a)

     23,900        391,477  

Kaga Electronics Co. Ltd.(a)

     20,500        864,184  

Koa Corp.(a)

     18,500        178,466  

Kyosan Electric Manufacturing Co. Ltd.

     37,100        127,716  

Marubun Corp.(a)

     42,300        432,377  

Maruwa Co. Ltd.

     800        171,264  

Maxell Ltd.

     16,500        173,673  

Meiko Electronics Co. Ltd.(a)

     5,400        193,386  

Nichicon Corp.(a)

     24,300        206,320  

Nippon Electric Glass Co. Ltd.

     51,400        1,315,014  

Nippon Signal Co. Ltd.

     28,000        192,038  

Nissha Co. Ltd.

     21,100        205,221  

Nohmi Bosai Ltd.

     18,191        275,849  

Oki Electric Industry Co. Ltd.

     32,300        246,286  

Optex Group Co. Ltd.

     11,300        147,834  

Osaki Electric Co. Ltd.

     32,000        144,412  

Restar Corp.

     18,600        372,995  

Riken Keiki Co. Ltd.

     9,200        232,515  

RYODEN Corp.(a)

     16,561        296,543  

Sanshin Electronics Co. Ltd.(a)

     16,600        235,929  

Santec Holdings Corp.

     8,300        292,306  

Satori Electric Co. Ltd.

     13,100        230,156  

Shibaura Electronics Co. Ltd.

     5,300        214,318  

Siix Corp.

     11,000        125,521  

Sumida Corp.

     26,500        214,844  

Sun-Wa Technos Corp.

     14,700        232,139  

Suzuden Corp.

     23,500        335,393  

Tachibana Eletech Co. Ltd.

     17,900        382,613  

Takachiho Koheki Co. Ltd.(a)

     10,100        253,593  

TAKEBISHI Corp.

     13,400        180,620  

Tokyo Electron Device Ltd.(a)

     17,800        810,347  

Tomen Devices Corp.

     5,800        251,782  

Topcon Corp.

     46,100        542,953  

Yokowo Co. Ltd.

     11,400        119,013  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     22,218,270  
Energy Equipment & Services – 0.1%

 

Toyo Kanetsu KK

     6,400        190,717  
Entertainment – 0.3%

 

Daiichikosho Co. Ltd.

     53,500      685,254  

Marvelous, Inc.

     40,400        185,523  
     

 

 

 
Total Entertainment

 

     870,777  
Financial Services – 0.6%

 

eGuarantee, Inc.

     12,800        151,558  

Financial Partners Group Co. Ltd.

     51,800        739,976  

Japan Investment Adviser Co. Ltd.

     11,600        82,701  

Japan Securities Finance Co. Ltd.

     38,800        429,416  
     

 

 

 
Total Financial Services

 

     1,403,651  
Food Products – 4.1%

 

Ariake Japan Co. Ltd.

     7,728        268,587  

Chubu Shiryo Co. Ltd.

     20,700        162,350  

DyDo Group Holdings, Inc.

     3,600        64,629  

Ezaki Glico Co. Ltd.

     16,400        458,695  

Fuji Oil Holdings, Inc.(a)

     23,800        375,922  

Fujicco Co. Ltd.

     10,500        132,997  

Hokuto Corp.(a)

     12,291        151,541  

House Foods Group, Inc.

     19,100        390,721  

Itoham Yonekyu Holdings, Inc.

     21,600        572,308  

Kagome Co. Ltd.(a)

     23,100        561,684  

Kakiyasu Honten Co. Ltd.(a)

     10,600        222,723  

Kameda Seika Co. Ltd.(a)

     5,000        141,068  

Kewpie Corp.

     34,000        635,766  

Kyokuyo Co. Ltd.(a)

     5,900        145,799  

Maruha Nichiro Corp.

     26,332        517,349  

Megmilk Snow Brand Co. Ltd.

     22,300        401,516  

Mitsui DM Sugar Holdings Co. Ltd.

     23,698        487,755  

Morinaga & Co. Ltd.

     22,074        382,935  

Morinaga Milk Industry Co. Ltd.

     28,900        596,924  

Nippn Corp.

     27,083        424,466  

Nisshin Oillio Group Ltd.

     22,000        748,621  

Nissui Corp.

     110,500        700,988  

Prima Meat Packers Ltd.

     19,200        292,164  

Riken Vitamin Co. Ltd.

     19,500        332,162  

S Foods, Inc.

     9,800        216,922  

Sakata Seed Corp.

     8,600        211,953  

Showa Sangyo Co. Ltd.

     8,100        187,320  

Starzen Co. Ltd.

     12,100        226,578  

Warabeya Nichiyo Holdings Co. Ltd.

     7,400        136,368  
     

 

 

 
Total Food Products

 

     10,148,811  
Gas Utilities – 0.9%

 

Hokkaido Gas Co. Ltd.

     10,300        172,046  

Nippon Gas Co. Ltd.

     65,500        1,112,044  

Saibu Gas Holdings Co. Ltd.

     20,100        255,525  

Shizuoka Gas Co. Ltd.

     18,992        119,465  

Toho Gas Co. Ltd.

     30,700        702,665  
     

 

 

 
Total Gas Utilities

 

     2,361,745  
Ground Transportation – 0.9%

 

Alps Logistics Co. Ltd.(a)

     12,000        233,824  

Fukuyama Transporting Co. Ltd.

     6,811        163,136  

Ichinen Holdings Co. Ltd.

     13,800        160,116  

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

Keikyu Corp.

     25,100      $ 231,024  

Maruzen Showa Unyu Co. Ltd.

     8,000        247,382  

Nankai Electric Railway Co. Ltd.

     8,900        187,650  

Nikkon Holdings Co. Ltd.

     25,960        506,781  

Nishi-Nippon Railroad Co. Ltd.

     9,000        149,797  

Sakai Moving Service Co. Ltd.

     7,200        121,598  

Sotetsu Holdings, Inc.

     15,800        286,988  
     

 

 

 
Total Ground Transportation

 

     2,288,296  
Health Care Equipment & Supplies – 1.7%

 

Eiken Chemical Co. Ltd.(a)

     20,170        266,543  

Hogy Medical Co. Ltd.(a)

     5,600        138,756  

Japan Lifeline Co. Ltd.

     50,100        403,197  

Jeol Ltd.(a)

     10,500        434,167  

Mani, Inc.

     21,600        283,228  

Menicon Co. Ltd.

     15,000        156,943  

Mizuho Medy Co. Ltd.(a)

     14,200        315,722  

Nagaileben Co. Ltd.

     9,126        143,512  

Nakanishi, Inc.

     17,600        273,864  

Nihon Kohden Corp.

     21,700        574,098  

Nipro Corp.(a)

     33,100        268,024  

Paramount Bed Holdings Co. Ltd.

     20,442        351,719  

PHC Holdings Corp.(a)

     79,600        650,075  

Shofu, Inc.

     6,000        116,476  
     

 

 

 
Total Health Care Equipment & Supplies

 

     4,376,324  
Health Care Providers & Services – 1.0%

 

As One Corp.

     24,600        431,713  

France Bed Holdings Co. Ltd.

     18,600        158,293  

HU Group Holdings, Inc.(a)

     35,800        577,881  

Ship Healthcare Holdings, Inc.

     24,614        341,859  

Solasto Corp.

     32,600        118,686  

Toho Holdings Co. Ltd.(a)

     11,800        284,737  

Tokai Corp.

     13,300        192,454  

Vital KSK Holdings, Inc.

     39,100        324,488  
     

 

 

 
Total Health Care Providers & Services

 

     2,430,111  
Health Care Technology – 0.0%

 

EM Systems Co. Ltd.

     20,800        97,441  
Hotels, Restaurants & Leisure – 2.1%

 

Create Restaurants Holdings, Inc.

     23,800        165,119  

Curves Holdings Co. Ltd.

     21,900        116,196  

Doutor Nichires Holdings Co. Ltd.

     14,400        197,905  

Food & Life Cos. Ltd.

     13,400        254,816  

Heiwa Corp.

     74,400        986,134  

Hiday Hidaka Corp.

     8,398        149,321  

Ichibanya Co. Ltd.(a)

     40,480        321,230  

KFC Holdings Japan Ltd.(a)

     7,400        219,783  

KOMEDA Holdings Co. Ltd.

     17,700        319,628  

Koshidaka Holdings Co. Ltd.(a)

     12,700        79,131  

Kura Sushi, Inc.

     3,600        113,700  

Kyoritsu Maintenance Co. Ltd.(a)

     6,400        148,218  

Monogatari Corp.

     4,900        152,007  

Ohsho Food Service Corp.

     9,300        481,146  

Resorttrust, Inc.

     32,308        566,770  

Round One Corp.

     45,400        236,082  

Royal Holdings Co. Ltd.

     7,800      129,463  

Saizeriya Co. Ltd.

     4,200        147,081  

St. Marc Holdings Co. Ltd.

     12,700        182,262  

Tokyotokeiba Co. Ltd.(a)

     5,942        175,302  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     5,141,294  
Household Durables – 2.5%

 

Casio Computer Co. Ltd.(a)

     117,000        1,001,896  

ES-Con Japan Ltd.

     56,000        384,816  

Eslead Corp.

     9,000        209,620  

Fuji Corp. Ltd.

     40,300        206,100  

Fujitsu General Ltd.(a)

     19,100        237,764  

Hoosiers Holdings Co. Ltd.

     37,500        279,246  

JVCKenwood Corp.

     59,400        370,502  

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

     11,100        283,102  

Meiwa Estate Co. Ltd.(a)

     18,400        129,357  

Pressance Corp.(a)

     21,488        257,552  

Sangetsu Corp.

     51,100        1,127,715  

Tama Home Co. Ltd.

     29,700        890,931  

Tamron Co. Ltd.

     13,566        616,698  

Zojirushi Corp.(a)

     20,500        195,864  
     

 

 

 
Total Household Durables

 

     6,191,163  
Household Products – 0.4%

 

Earth Corp.(a)

     7,000        199,577  

Pigeon Corp.

     61,900        594,481  

ST Corp.

     18,000        183,871  

Transaction Co. Ltd.

     8,800        131,641  
     

 

 

 
Total Household Products

 

     1,109,570  
Independent Power & Renewable Electricity Producers – 0.1%

 

West Holdings Corp.

     10,147        193,024  
Industrial Conglomerates – 0.3%

 

Gakken Holdings Co. Ltd.

     21,200        131,673  

Mie Kotsu Group Holdings, Inc.(a)

     27,300        113,641  

Nisshinbo Holdings, Inc.

     43,700        355,733  

TOKAI Holdings Corp.

     41,000        267,653  
     

 

 

 
Total Industrial Conglomerates

 

     868,700  
Insurance – 0.2%

 

FP Partner, Inc.

     9,900        418,646  
Interactive Media & Services – 0.5%

 

Infocom Corp.

     14,200        258,395  

Kakaku.com, Inc.

     75,600        939,849  
     

 

 

 
Total Interactive Media & Services

 

     1,198,244  
IT Services – 2.1%

 

Base Co. Ltd.

     5,300        126,070  

Business Brain Showa-Ota, Inc.

     7,500        107,585  

Business Engineering Corp.

     5,200        129,016  

Comture Corp.

     7,200        96,241  

DTS Corp.

     23,282        618,412  

Future Corp.

     27,700        308,398  

I-NET Corp.

     13,900        225,016  

ID Holdings Corp.

     13,800        141,242  

Japan Business Systems, Inc.

     8,800        81,927  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

JBCC Holdings, Inc.

     10,700      $ 231,187  

Mitsubishi Research Institute, Inc.

     6,700        219,578  

NEC Networks & System Integration Corp.

     42,237        707,462  

NET One Systems Co. Ltd.

     36,500        651,161  

NSD Co. Ltd.

     41,000        806,211  

SB Technology Corp.

     7,100        98,892  

Simplex Holdings, Inc.

     8,000        149,803  

TDC Soft, Inc.

     29,000        222,465  

TechMatrix Corp.

     10,200        124,817  

Uchida Yoko Co. Ltd.

     5,700        263,636  
     

 

 

 
Total IT Services

 

     5,309,119  
Leisure Products – 0.8%

 

Daikoku Denki Co. Ltd.(a)

     5,400        136,476  

Furyu Corp.(a)

     8,800        74,775  

GLOBERIDE, Inc.(a)

     10,300        138,223  

Mizuno Corp.

     6,723        282,522  

Roland Corp.

     13,600        409,766  

Tomy Co. Ltd.

     28,000        520,519  

Universal Entertainment Corp.(a)

     19,400        257,522  

Yonex Co. Ltd.(a)

     10,900        80,375  
     

 

 

 
Total Leisure Products

 

     1,900,178  
Life Sciences Tools & Services – 0.1%

 

Shin Nippon Biomedical Laboratories Ltd.(a)

     16,500        165,496  
Machinery – 6.6%

 

Aida Engineering Ltd.(a)

     17,700        103,970  

Anest Iwata Corp.

     20,700        185,328  

Bando Chemical Industries Ltd.

     25,900        323,440  

CKD Corp.(a)

     19,941        397,252  

Daihatsu Diesel Manufacturing Co. Ltd.

     14,700        146,082  

DMG Mori Co. Ltd.(a)

     53,100        1,425,169  

Fujitec Co. Ltd.(a)

     16,461        412,545  

Fukushima Galilei Co. Ltd.

     4,900        191,021  

Furukawa Co. Ltd.

     8,500        101,711  

Glory Ltd.(a)

     12,600        236,440  

Harmonic Drive Systems, Inc.

     6,800        179,048  

Hitachi Zosen Corp.

     38,500        335,535  

Hokuetsu Industries Co. Ltd.(a)

     13,300        177,163  

Hosokawa Micron Corp.

     5,200        163,203  

Iwaki Co. Ltd.

     8,300        159,041  

Japan Steel Works Ltd.

     16,604        371,696  

Kitz Corp.

     43,489        392,233  

Kyokuto Kaihatsu Kogyo Co. Ltd.

     11,380        195,124  

Makino Milling Machine Co. Ltd.

     5,700        235,766  

Max Co. Ltd.

     20,500        440,897  

Meidensha Corp.

     8,700        168,832  

METAWATER Co. Ltd.

     8,700        131,812  

Mitsubishi Logisnext Co. Ltd.

     11,900        148,922  

Mitsuboshi Belting Ltd.(a)

     26,146        806,778  

Morita Holdings Corp.

     9,105        98,483  

Nabtesco Corp.

     31,500        532,822  

Nachi-Fujikoshi Corp.(a)

     7,300        168,337  

Nikkiso Co. Ltd.

     17,600        149,782  

Nippon Thompson Co. Ltd.(a)

     40,100        170,103  

Nissei ASB Machine Co. Ltd.

     3,800      133,576  

Nomura Micro Science Co. Ltd.(a)

     12,400        486,676  

Noritake Co. Ltd.

     14,600        413,849  

NTN Corp.(a)

     135,700        281,272  

Obara Group, Inc.(a)

     10,879        273,152  

Oiles Corp.

     13,200        197,810  

OKUMA Corp.(a)

     13,370        628,901  

Organo Corp.

     7,600        386,666  

OSG Corp.

     50,500        729,747  

Rheon Automatic Machinery Co. Ltd.

     11,400        117,732  

Ryobi Ltd.

     11,400        225,597  

Shibaura Machine Co. Ltd.(a)

     9,261        221,819  

Shibuya Corp.

     4,700        109,158  

Shinmaywa Industries Ltd.

     29,085        240,221  

Shinwa Co. Ltd.

     8,400        153,408  

Star Micronics Co. Ltd.

     17,634        216,369  

Tadano Ltd.

     14,600        124,589  

Takeuchi Manufacturing Co. Ltd.

     15,100        608,610  

Takuma Co. Ltd.

     38,000        478,060  

Techno Smart Corp.

     11,000        148,925  

Teikoku Electric Manufacturing Co. Ltd.

     11,400        192,454  

Tocalo Co. Ltd.

     30,400        359,549  

Torishima Pump Manufacturing Co. Ltd.(a)

     14,800        278,016  

Tsubakimoto Chain Co.

     13,945        474,523  

Tsugami Corp.

     19,000        144,372  

Union Tool Co.

     3,800        112,736  

YAMABIKO Corp.

     14,700        193,967  
     

 

 

 
Total Machinery

 

     16,480,289  
Marine Transportation – 0.4%

 

Iino Kaiun Kaisha Ltd.(a)

     75,600        612,413  

NS United Kaiun Kaisha Ltd.(a)

     14,100        429,489  
     

 

 

 
Total Marine Transportation

 

     1,041,902  
Media – 0.7%

 

Carta Holdings, Inc.

     15,000        156,001  

Intage Holdings, Inc.(a)

     19,300        203,399  

Macromill, Inc.

     25,700        135,679  

Proto Corp.

     18,600        176,113  

SKY Perfect JSAT Holdings, Inc.

     115,000        804,685  

ValueCommerce Co. Ltd.(a)

     21,400        153,700  

Zenrin Co. Ltd.

     22,880        128,350  
     

 

 

 
Total Media

 

     1,757,927  
Metals & Mining – 4.6%

 

Aichi Steel Corp.

     6,400        168,516  

ARE Holdings, Inc.(a)

     50,800        648,489  

Daido Steel Co. Ltd.

     167,100        2,005,597  

Daiki Aluminium Industry Co. Ltd.(a)

     31,800        261,384  

Dowa Holdings Co. Ltd.(a)

     17,800        626,755  

Godo Steel Ltd.

     21,100        797,463  

Kurimoto Ltd.

     7,700        206,816  

Kyoei Steel Ltd.

     38,814        618,583  

Mitsubishi Materials Corp.

     49,800        960,002  

Mitsubishi Steel Manufacturing Co. Ltd.(a)

     16,700        162,868  

Mitsui Mining & Smelting Co. Ltd.

     39,000        1,212,944  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

Nakayama Steel Works Ltd.(a)

     58,700      $ 368,463  

Nippon Denko Co. Ltd.

     57,700        124,668  

Nippon Light Metal Holdings Co. Ltd.

     7,100        85,334  

Nippon Yakin Kogyo Co. Ltd.(a)

     17,500        554,445  

OSAKA Titanium Technologies Co. Ltd.(a)

     6,600        114,692  

Sanyo Special Steel Co. Ltd.

     21,500        319,350  

Toho Titanium Co. Ltd.(a)

     12,000        123,849  

Toho Zinc Co. Ltd.*

     7,500        56,791  

Tokyo Steel Manufacturing Co. Ltd.

     70,200        771,831  

Tokyo Tekko Co. Ltd.

     7,400        256,209  

Topy Industries Ltd.

     19,000        340,216  

UACJ Corp.

     25,200        733,463  
     

 

 

 
Total Metals & Mining

 

     11,518,728  
Oil, Gas & Consumable Fuels – 0.7%

 

Fuji Oil Co. Ltd.

     41,800        130,914  

Itochu Enex Co. Ltd.

     76,181        790,275  

Sala Corp.

     33,400        183,833  

San-Ai Obbli Co. Ltd.

     53,616        739,702  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     1,844,724  
Paper & Forest Products – 0.4%

 

Daio Paper Corp.(a)

     30,000        230,235  

Hokuetsu Corp.(a)

     37,732        479,675  

Tokushu Tokai Paper Co. Ltd.

     6,400        169,573  
     

 

 

 
Total Paper & Forest Products

 

     879,483  
Personal Care Products – 0.5%

 

Fancl Corp.

     26,200        346,748  

Mandom Corp.

     18,700        166,805  

Noevir Holdings Co. Ltd.

     23,100        798,262  
     

 

 

 
Total Personal Care Products

 

     1,311,815  
Pharmaceuticals – 1.1%

 

Daito Pharmaceutical Co. Ltd.

     7,800        120,805  

Fuji Pharma Co. Ltd.(a)

     15,500        169,599  

Kyorin Pharmaceutical Co. Ltd.

     25,585        306,320  

Mochida Pharmaceutical Co. Ltd.

     11,022        234,503  

Sawai Group Holdings Co. Ltd.

     15,924        634,456  

Towa Pharmaceutical Co. Ltd.

     15,200        291,657  

Tsumura & Co.

     24,700        623,926  

ZERIA Pharmaceutical Co. Ltd.

     25,300        356,401  
     

 

 

 
Total Pharmaceuticals

 

     2,737,667  
Professional Services – 2.6%

 

Altech Corp.

     11,060        202,426  

Bell System24 Holdings, Inc.

     37,000        392,626  

Careerlink Co. Ltd.

     7,500        127,804  

Dip Corp.

     13,000        236,301  

en Japan, Inc.(a)

     14,200        253,141  

Forum Engineering, Inc.

     31,400        198,759  

FULLCAST Holdings Co. Ltd.

     12,900        122,654  

Funai Soken Holdings, Inc.

     11,610        189,326  

IR Japan Holdings Ltd.(a)

     10,100        88,958  

JAC Recruitment Co. Ltd.

     73,200        387,414  

LIKE, Inc.

     6,000        66,642  

Link & Motivation, Inc.(a)

     31,300        113,954  

Matching Service Japan Co. Ltd.

     15,300      119,189  

MEITEC Group Holdings, Inc.

     42,500        838,795  

Nihon M&A Center Holdings, Inc.(a)

     98,000        639,109  

Nomura Co. Ltd.

     33,700        203,743  

Open Up Group, Inc.

     22,800        317,418  

Pasona Group, Inc.

     12,500        230,269  

Quick Co. Ltd.

     10,900        171,770  

TechnoPro Holdings, Inc.

     24,500        501,510  

TKC Corp.

     19,000        467,640  

Transcosmos, Inc.(a)

     16,800        348,555  

Weathernews, Inc.

     3,200        108,256  

World Holdings Co. Ltd.

     8,900        150,367  
     

 

 

 
Total Professional Services

 

     6,476,626  
Real Estate Management & Development – 2.6%

 

Aoyama Zaisan Networks Co. Ltd.

     19,500        164,406  

Arealink Co. Ltd.

     7,400        134,461  

Dear Life Co. Ltd.

     47,300        339,721  

Good Com Asset Co. Ltd.

     18,200        110,755  

Grandy House Corp.

     36,800        151,241  

Heiwa Real Estate Co. Ltd.(a)

     20,968        565,261  

Ichigo, Inc.

     159,700        488,560  

Japan Property Management Center Co. Ltd.

     25,600        212,622  

JINUSHI Co. Ltd.

     8,600        145,639  

Katitas Co. Ltd.(a)

     23,100        305,110  

Keihanshin Building Co. Ltd.

     14,300        154,485  

LA Holdings Co. Ltd.

     5,700        191,324  

Loadstar Capital KK

     11,300        212,867  

Mirarth Holdings, Inc.

     80,700        274,608  

Raysum Co. Ltd.

     9,900        235,161  

Relo Group, Inc.

     43,400        357,162  

SAMTY Co. Ltd.

     32,900        609,763  

Starts Corp., Inc.

     35,900        808,874  

Sun Frontier Fudousan Co. Ltd.

     31,100        402,967  

Tosei Corp.

     31,400        513,496  
     

 

 

 
Total Real Estate Management & Development

 

     6,378,483  
Semiconductors & Semiconductor Equipment – 2.5%

 

Ferrotec Holdings Corp.(a)

     23,100        451,484  

Furuya Metal Co. Ltd.

     2,100        157,349  

Japan Material Co. Ltd.(a)

     11,900        189,416  

Micronics Japan Co. Ltd.

     13,200        777,984  

Mimasu Semiconductor Industry Co. Ltd.

     10,727        223,619  

Mitsui High-Tec, Inc.

     5,500        317,001  

Optorun Co. Ltd.

     16,400        224,092  

Rorze Corp.

     2,700        385,345  

Shibaura Mechatronics Corp.(a)

     6,800        288,004  

Shindengen Electric Manufacturing Co. Ltd.

     6,600        132,789  

Tokyo Seimitsu Co. Ltd.

     22,800        1,834,154  

Towa Corp.(a)

     3,000        211,503  

Tri Chemical Laboratories, Inc.

     3,100        99,855  

Ulvac, Inc.

     12,500        814,282  

Yamaichi Electronics Co. Ltd.

     14,700        241,851  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     6,348,728  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2024

 

 

 

Investments    Shares      Value  
Software – 0.8%

 

Computer Engineering & Consulting Ltd.

     12,800      $ 131,514  

Cresco Ltd.

     13,700        192,358  

Digital Arts, Inc.

     4,200        121,689  

Fuji Soft, Inc.(a)

     12,600        500,353  

Fukui Computer Holdings, Inc.

     5,100        87,513  

I’ll, Inc.

     3,160        62,743  

Justsystems Corp.(a)

     6,300        111,102  

Miroku Jyoho Service Co. Ltd.

     17,000        203,647  

Systena Corp.

     178,400        320,624  

UNITED, Inc.

     30,600        181,160  

WingArc1st, Inc.

     7,400        149,863  
     

 

 

 
Total Software

 

     2,062,566  
Specialty Retail – 4.2%

 

Adastria Co. Ltd.

     18,700        476,319  

Alleanza Holdings Co. Ltd.(a)

     21,200        145,680  

Alpen Co. Ltd.(a)

     13,000        172,996  

AOKI Holdings, Inc.

     43,500        329,961  

Aoyama Trading Co. Ltd.

     17,200        199,452  

ARCLANDS Corp.

     21,036        248,104  

Asahi Co. Ltd.

     29,800        263,257  

Autobacs Seven Co. Ltd.(a)

     56,300        596,498  

Bic Camera, Inc.(a)

     32,400        274,451  

DCM Holdings Co. Ltd.

     65,045        634,785  

EDION Corp.(a)

     39,739        406,462  

Hard Off Corp. Co. Ltd.

     13,900        156,133  

Honeys Holdings Co. Ltd.(a)

     18,100        212,878  

IDOM, Inc.

     58,600        401,908  

Joshin Denki Co. Ltd.

     11,400        175,356  

Joyful Honda Co. Ltd.(a)

     20,600        298,223  

K’s Holdings Corp.(a)

     78,000        690,350  

Kohnan Shoji Co. Ltd.

     10,600        308,170  

Kojima Co. Ltd.

     19,900        108,214  

Komehyo Holdings Co. Ltd.(a)

     3,800        100,056  

Komeri Co. Ltd.(a)

     10,037        229,463  

KU Holdings Co. Ltd.

     17,700        135,196  

Nafco Co. Ltd.(a)

     7,100        124,506  

New Art Holdings Co. Ltd.(a)

     18,600        209,172  

Nextage Co. Ltd.(a)

     15,800        303,170  

Nishimatsuya Chain Co. Ltd.

     12,300        202,203  

Nissan Tokyo Sales Holdings Co. Ltd.

     54,900        217,648  

Nojima Corp.

     28,200        317,878  

PAL GROUP Holdings Co. Ltd.

     30,200        518,016  

Scroll Corp.

     44,900        284,806  

T-Gaia Corp.

     29,400        400,560  

United Arrows Ltd.

     10,700        140,833  

VT Holdings Co. Ltd.

     57,300        202,554  

World Co. Ltd.

     26,000        369,011  

Xebio Holdings Co. Ltd.

     17,500        114,474  

Yellow Hat Ltd.

     32,500        427,550  
     

 

 

 
Total Specialty Retail

 

     10,396,293  
Technology Hardware, Storage & Peripherals – 0.4%

 

Elecom Co. Ltd.

     26,900        274,430  

MCJ Co. Ltd.

     36,200      327,210  

Riso Kagaku Corp.(a)

     18,000        368,694  

Toshiba TEC Corp.

     5,800        116,502  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     1,086,836  
Textiles, Apparel & Luxury Goods – 1.2%

 

Baroque Japan Ltd.(a)

     40,500        203,377  

Descente Ltd.

     9,500        216,872  

Fujibo Holdings, Inc.(a)

     4,700        138,660  

Gunze Ltd.

     4,583        167,156  

Japan Wool Textile Co. Ltd.

     21,725        212,161  

Kurabo Industries Ltd.

     7,076        163,639  

Morito Co. Ltd.

     23,700        246,325  

Onward Holdings Co. Ltd.

     82,033        309,497  

Seiko Group Corp.(a)

     18,100        498,708  

Wacoal Holdings Corp.

     20,600        505,523  

Yondoshi Holdings, Inc.(a)

     20,800        257,140  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     2,919,058  
Trading Companies & Distributors – 3.4%

 

Advan Group Co. Ltd.

     27,100        207,890  

Alconix Corp.

     2,000        19,333  

Chori Co. Ltd.

     13,200        296,977  

Daiichi Jitsugyo Co. Ltd.

     14,200        199,754  

Hanwa Co. Ltd.

     20,522        804,093  

Inaba Denki Sangyo Co. Ltd.

     31,588        731,547  

Inabata & Co. Ltd.

     27,741        581,966  

Japan Pulp & Paper Co. Ltd.

     4,100        140,328  

JK Holdings Co. Ltd.

     16,600        117,580  

Kamei Corp.

     13,100        184,973  

Kanaden Corp.

     10,500        104,761  

Kanamoto Co. Ltd.

     8,128        144,628  

Kanematsu Corp.

     48,700        834,057  

KPP Group Holdings Co. Ltd.(a)

     21,000        102,957  

Kyokuto Boeki Kaisha Ltd.

     10,800        147,430  

MARUKA FURUSATO Corp.

     5,400        78,461  

Mitsui Matsushima Holdings Co. Ltd.(a)

     17,600        338,871  

Nagase & Co. Ltd.

     37,104        626,143  

Nichiden Corp.(a)

     11,000        193,042  

Nishio Holdings Co. Ltd.

     10,500        268,493  

Onoken Co. Ltd.

     10,300        127,878  

Sanyo Trading Co. Ltd.(a)

     14,900        142,556  

Sato Shoji Corp.

     14,700        171,821  

Seika Corp.

     8,100        198,292  

Senshu Electric Co. Ltd.

     7,600        250,329  

Shinsho Corp.

     7,100        338,710  

Trusco Nakayama Corp.

     18,000        307,443  

Wakita & Co. Ltd.

     12,200        128,413  

Yamazen Corp.(a)

     42,006        373,584  

Yuasa Trading Co. Ltd.

     12,200        431,266  
     

 

 

 
Total Trading Companies & Distributors

 

     8,593,576  
Transportation Infrastructure – 0.3%

 

Mitsubishi Logistics Corp.

     17,900        588,407  

Nissin Corp.

     10,200        195,246  
     

 

 

 
Total Transportation Infrastructure

 

     783,653  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Schedule of Investments (concluded)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2024

 

 

 

 

 

Investments    Shares      Value  
Wireless Telecommunication Services – 0.2%

 

Okinawa Cellular Telephone Co.

     25,800      $ 605,174  

TOTAL COMMON STOCKS

(Cost: $237,919,773)

              246,615,659  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      
WisdomTree Japan Hedged Equity Fund(b)
(Cost: $30,878)
     332        36,022  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.8%

 

United States – 9.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

     
(Cost: $24,558,678)      24,558,678        24,558,678  

TOTAL INVESTMENTS IN SECURITIES – 108.4%

(Cost: $262,509,329)

 

 

     271,210,359  

Other Assets less Liabilities – (8.4)%

 

     (21,190,786
     

 

 

 
NET ASSETS – 100.0%

 

   $ 250,019,573  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $52,747,857 and the total market value of the collateral held by the Fund was $56,379,827. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $31,821,149.

 

(b) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate    Value at
3/31/2023
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
3/31/2024
     Dividend
Income
 

WisdomTree Japan Hedged Equity Fund

   $ 237,973      $ 3,611,074      $ 4,018,306      $ 211,580      $ (6,299    $ 36,022      $ 31,127  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 – Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
    

Significant

Unobservable

Inputs
(Level 3)

     Total  

Assets:

           

Investments in Securities

           

Common Stocks

   $ 246,615,659      $      $      $ 246,615,659  

Exchange-Traded Fund

     36,022                      36,022  

Investment of Cash Collateral for Securities Loaned

            24,558,678               24,558,678  

Total Investments in Securities

   $ 246,651,681      $ 24,558,678      $      $ 271,210,359  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2024

 

 

 

      WisdomTree
Europe Quality
Dividend
Growth Fund
     WisdomTree
Europe
SmallCap
Dividend Fund
    

WisdomTree
International
AI Enhanced

Value Fund

     WisdomTree
International
Equity Fund
    

WisdomTree
International

High

Dividend Fund

 

ASSETS:

              

Investments, at cost

   $ 63,806,045      $ 188,335,960      $ 75,191,798      $ 489,297,057      $ 329,210,287  

Investment in affiliates, at cost (Note 3)

            585,657                       

Foreign currency, at cost

     4,750        23,987        133,603        463,371        375,380  

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

     73,827,383        200,054,494        76,526,571        615,096,560        362,731,320  

Investment in affiliates, at value (Note 3)

            610,227                       

Cash

     118,961        71,456        236,619        220,384        97,772  

Foreign currency, at value

     4,683        23,857        133,535        462,918        374,933  

Receivables:

              

Investment securities sold

            3,949,109                      113,118  

Dividends

     73,233        427,771        337,821        2,914,410        2,106,859  

Securities lending income

     242        8,233        1,511        58,522        41,123  

Foreign tax reclaims

     384,085        1,287,335        331,201        2,339,943        1,068,000  

Other (Note 6)

     5,046        428,808        25,664        57,518        19,738  

Total Assets

     74,413,633        206,861,290        77,592,922        621,150,255        366,552,863  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     6                             179  

Payables:

              

Cash collateral received for securities loaned (Note 2)

     1,279,862        15,484,216        3,358,202        47,002,513        25,323,176  

Investment securities purchased

                   161,649                

Capital shares redeemed

            2,986,508                       

Advisory fees (Note 3)

     35,809        92,726        36,017        233,405        170,246  

Service fees (Note 2)

     272        705        273        2,139        1,293  

Other (Note 6)

     1,514        145,725        7,699        17,256        5,921  

Total Liabilities

     1,317,463        18,709,880        3,563,840        47,255,313        25,500,815  

NET ASSETS

   $ 73,096,170      $ 188,151,410      $ 74,029,082      $ 573,894,942      $ 341,052,048  

NET ASSETS:

              

Paid-in capital

   $ 76,715,589      $ 495,949,784      $ 142,173,409      $ 655,522,210      $ 410,730,206  

Total distributable earnings (loss)

     (3,619,419      (307,798,374      (68,144,327      (81,627,268      (69,678,158

NET ASSETS

   $ 73,096,170      $ 188,151,410      $ 74,029,082      $ 573,894,942      $ 341,052,048  

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

     2,250,000        3,150,000        1,800,000        10,450,000        8,600,000  

Net asset value per share

   $ 32.49      $ 59.73      $ 41.13      $ 54.92      $ 39.66  

1 Includes market value of securities out on loan of:

   $ 1,824,913      $ 20,380,112      $ 6,139,415      $ 58,538,673      $ 37,547,501  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Statements of Assets and Liabilities (continued)

WisdomTree Trust

March 31, 2024

 

 

 

     

WisdomTree

International

LargeCap

Dividend Fund

    

WisdomTree

International

MidCap

Dividend Fund

    

WisdomTree

International

Multifactor
Fund

    

WisdomTree

International

Quality Dividend
Growth Fund

    

WisdomTree

International

SmallCap

Dividend Fund

 

ASSETS:

 

Investments, at cost

   $ 423,606,484      $ 131,823,974      $ 40,142,425      $ 838,927,780      $ 1,038,026,232  

Investment in affiliates, at cost (Note 3)

                                 318,025  

Foreign currency, at cost

     272,183        170,317        80,753        83,892        810,896  

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

     549,200,408        147,700,508        43,219,128        993,429,330        1,144,926,076  

Investment in affiliates, at value (Note 3)

                                 424,291  

Cash

     293,865        8,673        46,269        207,876        627,444  

Deposits at broker

                   10,000                

Foreign currency, at value

     272,207        170,227        80,431        83,601        809,908  

Unrealized appreciation on foreign currency contracts

                   465,624                

Receivables:

              

Investment securities sold

                                 2,219,304  

Capital shares sold

                   19,664                

Dividends

     2,551,445        590,655        188,308        2,331,672        6,910,447  

Securities lending income

     59,814        4,814        1,288        10,468        39,031  

Foreign tax reclaims

     2,245,001        285,969        109,712        2,043,200        3,169,885  

Other (Note 6)

     18,142        5,336        722        78,671        885,048  

Total Assets

     554,640,882        148,766,182        44,141,146        998,184,818        1,160,011,434  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

            41        132,418                

Payables:

              

Cash collateral received for securities loaned (Note 2)

     37,005,699        13,310,172        1,221,857        19,628,962        59,942,222  

Investment securities purchased

                   331,960                

Advisory fees (Note 3)

     208,897        65,596        13,545        347,981        537,208  

Service fees (Note 2)

     1,915        498        157        3,646        4,080  

Other (Note 6)

     5,443        1,598        216        23,600        265,515  

Total Liabilities

     37,221,954        13,377,905        1,700,153        20,004,189        60,749,025  

NET ASSETS

   $ 517,418,928      $ 135,388,277      $ 42,440,993      $ 978,180,629      $ 1,099,262,409  

NET ASSETS:

 

Paid-in capital

   $ 522,156,504      $ 166,484,263      $ 43,185,953      $ 891,045,823      $ 1,420,534,598  

Total distributable earnings (loss)

     (4,737,576      (31,095,986      (744,960      87,134,806        (321,272,189

NET ASSETS

   $ 517,418,928      $ 135,388,277      $ 42,440,993      $ 978,180,629      $ 1,099,262,409  

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

     10,000,000        2,150,000        1,600,000        25,750,000        16,800,000  

Net asset value per share

   $ 51.74      $ 62.97      $ 26.53      $ 37.99      $ 65.43  

1 Includes market value of securities out on loan of:

   $ 41,407,871      $ 21,350,166      $ 2,678,068      $ 46,257,159      $ 129,254,151  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Statements of Assets and Liabilities (concluded)

WisdomTree Trust

March 31, 2024

 

 

 

     

WisdomTree
Japan

SmallCap
Dividend Fund

 

ASSETS:

 

Investments, at cost

   $ 262,478,451  

Investment in affiliates, at cost (Note 3)

     30,878  

Foreign currency, at cost

     12,079  

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

     271,174,337  

Investment in affiliates, at value (Note 3)

     36,022  

Cash

     128,909  

Foreign currency, at value

     12,095  

Receivables:

 

Dividends

     3,123,080  

Securities lending income

     14,894  

Foreign tax reclaims

     221,984  

Total Assets

     274,711,321  

LIABILITIES:

 

Payables:

  

Cash collateral received for securities loaned (Note 2)

     24,558,678  

Advisory fees (Note 3)

     132,067  

Service fees (Note 2)

     1,003  

Total Liabilities

     24,691,748  

NET ASSETS

   $ 250,019,573  

NET ASSETS:

 

Paid-in capital

   $ 367,699,020  

Total distributable earnings (loss)

     (117,679,447

NET ASSETS

   $ 250,019,573  

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

     3,200,000  

Net asset value per share

   $ 78.13  

1 Includes market value of securities out on loan of:

   $ 52,747,857  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2024

 

 

 

     WisdomTree
Europe Quality
Dividend
Growth Fund
    WisdomTree
Europe
SmallCap
Dividend Fund
    WisdomTree
International
AI Enhanced
Value Fund
    WisdomTree
International
Equity Fund
    WisdomTree
International
High Dividend
Fund
 

INVESTMENT INCOME:

 

Dividends

  $ 2,112,433     $ 10,812,548     $ 3,569,728     $ 26,212,722     $ 23,649,327  

Dividends from affiliates (Note 3)

          66,368                   142,778  

Interest

    6,278       43,267       4,909       15,970       1,406  

Non-cash dividends

    7,625       231,105             177,003       176,880  

Other income (Note 6)

    4,068       174,186       27,562       59,730       20,446  

Securities lending income, net (Note 2)

    10,816       375,652       31,576       597,670       714,816  

Less: Foreign withholding taxes on dividends

    (225,066     (1,209,079     (297,250     (2,531,938     (2,107,931

Total investment income

    1,916,154       10,494,047       3,336,525       24,531,157       22,597,722  

EXPENSES:

 

Advisory fees (Note 3)

    414,518       1,175,625       428,303       2,746,435       2,230,628  

Service fees (Note 2)

    3,144       8,919       3,249       25,176       16,922  

Other fees (Note 6)

    1,141       46,104       7,626       16,836       5,794  

Total expenses

    418,803       1,230,648       439,178       2,788,447       2,253,344  

Expense waivers (Note 3)

          (3,109                 (3,324

Net expenses

    418,803       1,227,539       439,178       2,788,447       2,250,020  

Net investment income

    1,497,351       9,266,508       2,897,347       21,742,710       20,347,702  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions

    790,131       (17,139,251     162,592       (7,524,839     (9,499,608

Investment transactions in affiliates (Note 3)

          (46,899                 3,404  

In-kind redemptions

    1,491,880       7,513,606       928,821       19,211,265       19,588,460  

Foreign currency contracts

    (11,174     (8,703     21,260       78,005       121,731  

Foreign currency related transactions

    11,361       (12,790     (37,207     (220,918     (161,824

Net realized gain (loss)

    2,282,198       (9,694,037     1,075,466       11,543,513       10,052,163  

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions

    3,320,969       11,489,061       3,787,649       45,216,318       6,926,864  

Investment transactions in affiliates (Note 3)

          22,224                   (160,206

Foreign currency contracts

    (6     573       (113           (13

Translation of assets and liabilities denominated in foreign currencies

    1,426       26,904       (4,363     (300     (23,519

Net increase in unrealized appreciation/depreciation

    3,322,389       11,538,762       3,783,173       45,216,018       6,743,126  

Net realized and unrealized gain on investments

    5,604,587       1,844,725       4,858,639       56,759,531       16,795,289  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

  $ 7,101,938     $ 11,111,233     $ 7,755,986     $ 78,502,241     $ 37,142,991  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Statements of Operations (continued)

WisdomTree Trust

For the Year Ended March 31, 2024

 

 

 

     WisdomTree
International
LargeCap
Dividend Fund
    WisdomTree
International
MidCap
Dividend Fund
    WisdomTree
International
Multifactor
Fund
    WisdomTree
International
Quality Dividend
Growth Fund
    WisdomTree
International
SmallCap
Dividend Fund
 

INVESTMENT INCOME:

 

Dividends

  $ 23,104,595     $ 5,927,551     $ 1,684,097     $ 22,369,844     $ 55,233,445  

Dividends from affiliates (Note 3)

    48,092                         237,293  

Interest

    11,271       4,552       2,421       14,635       48,398  

Non-cash dividends

    152,165       37,876       5,789             379,314  

Other income (Note 6)

    18,456       4,877       761       55,335       370,282  

Securities lending income, net (Note 2)

    598,170       70,077       15,049       124,719       835,326  

Less: Foreign withholding taxes on dividends

    (2,115,912     (582,313     (140,735     (2,137,832     (5,380,632

Total investment income

    21,816,837       5,462,620       1,567,382       20,426,701       51,723,426  

EXPENSES:

 

Advisory fees (Note 3)

    2,424,166       779,148       156,763       3,626,637       6,418,430  

Service fees (Note 2)

    22,222       5,911       1,815       37,993       48,692  

Other fees (Note 6)

    5,456       1,181       128       16,369       103,475  

Total expenses

    2,451,844       786,240       158,706       3,680,999       6,570,597  

Expense waivers (Note 3)

    (1,517                       (12,268

Net expenses

    2,450,327       786,240       158,706       3,680,999       6,558,329  

Net investment income

    19,366,510       4,676,380       1,408,676       16,745,702       45,165,097  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions

    (6,462,570     (2,419,489     (8,104     1,537,970       (34,314,524

Investment transactions in affiliates (Note 3)

    93,724                         243,405  

In-kind redemptions

    16,177,218       2,366,912       1,870,437       13,683,837       23,019,788  

Futures contracts

                11,502              

Foreign currency contracts

    149,061       (28,675     (327,128     (233,177     (93,295

Foreign currency related transactions

    (204,159     (20,735     10,300       248,676       (328,177

Net realized gain (loss)

    9,753,274       (101,987     1,557,007       15,237,306       (11,472,803

Net increase (decrease) in unrealized appreciation/depreciation:

         

Investment transactions

    43,921,584       11,607,802       491,711       95,262,912       88,782,578  

Investment transactions in affiliates (Note 3)

    (19,604                       (369,732

Foreign currency contracts

          61       576,993             9  

Translation of assets and liabilities denominated in foreign currencies

    (18,418     3,174       (1,312     (14,451     (729

Net increase in unrealized appreciation/depreciation

    43,883,562       11,611,037       1,067,392       95,248,461       88,412,126  

Net realized and unrealized gain on investments

    53,636,836       11,509,050       2,624,399       110,485,767       76,939,323  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

  $ 73,003,346     $ 16,185,430     $ 4,033,075     $ 127,231,469     $ 122,104,420  

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended March 31, 2024

 

 

 

      WisdomTree
Japan
SmallCap
Dividend Fund
 

INVESTMENT INCOME:

  

Dividends

   $ 7,277,690  

Dividends from affiliates (Note 3)

     31,127  

Interest

     1,367  

Securities lending income, net (Note 2)

     94,588  

Less: Foreign withholding taxes on dividends

     (727,597

Total investment income

     6,677,175  

EXPENSES:

 

Advisory fees (Note 3)

     1,320,176  

Service fees (Note 2)

     10,015  

Total expenses

     1,330,191  

Expense waivers (Note 3)

     (1,238

Net expenses

     1,328,953  

Net investment income

     5,348,222  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions

     (5,805,923

Investment transactions in affiliates (Note 3)

     211,580  

In-kind redemptions

     21,509,369  

Foreign currency contracts

     (7,822

Foreign currency related transactions

     (203,393

Net realized gain

     15,703,811  

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions

     25,707,995  

Investment transactions in affiliates (Note 3)

     (6,299

Translation of assets and liabilities denominated in foreign currencies

     (32,296

Net increase in unrealized appreciation/depreciation

     25,669,400  

Net realized and unrealized gain on investments

     41,373,211  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 46,721,433  

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     

WisdomTree Europe Quality

Dividend Growth Fund

    

WisdomTree Europe SmallCap

Dividend Fund

    

WisdomTree International AI

Enhanced Value Fund

 
      For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 1,497,351      $ 1,632,953      $ 9,266,508      $ 13,431,740      $ 2,897,347      $ 3,709,293  

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

     2,282,198        (7,730,499      (9,694,037      (51,114,324      1,075,466        (13,490,823

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

     3,322,389        3,014,323        11,538,762        3,760,195        3,783,173        6,533,136  

Net increase (decrease) in net assets resulting from operations

     7,101,938        (3,083,223      11,111,233        (33,922,389    $ 7,755,986        (3,248,394

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (1,468,000      (1,667,670      (9,431,500      (14,405,217      (3,458,250      (4,170,635

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     4,551,237        18,424,119               50,584,868        3,847,332         

Cost of shares redeemed

     (6,329,703      (16,778,882      (64,325,641      (47,265,636      (11,900,706      (36,378,090

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

     (1,778,466      1,645,237        (64,325,641      3,319,232        (8,053,374      (36,378,090

Net Increase (Decrease) in Net Assets

     3,855,472        (3,105,656      (62,645,908      (45,008,374      (3,755,638      (43,797,119

NET ASSETS:

 

Beginning of year

   $ 69,240,698      $ 72,346,354      $ 250,797,318      $ 295,805,692      $ 77,784,720      $ 121,581,839  

End of year

   $ 73,096,170      $ 69,240,698      $ 188,151,410      $ 250,797,318      $ 74,029,082      $ 77,784,720  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     2,300,000        2,300,000        4,300,000        4,350,000        2,000,000        3,000,000  

Shares created

     150,000        650,000               850,000        100,000         

Shares redeemed

     (200,000      (650,000      (1,150,000      (900,000      (300,000      (1,000,000

Shares outstanding, end of year

     2,250,000        2,300,000        3,150,000        4,300,000        1,800,000        2,000,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     

WisdomTree International

Equity Fund

    

WisdomTree International

High Dividend Fund

    

WisdomTree International

LargeCap Dividend Fund

 
      For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 21,742,710      $ 25,509,784      $ 20,347,702      $ 14,495,358      $ 19,366,510      $ 17,714,031  

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

     11,543,513        (23,381,839      10,052,163        (13,383,670      9,753,274        (17,772,367

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

     45,216,018        (24,797,741      6,743,126        11,402,305        43,883,562        15,832,146  

Net increase (decrease) in net assets resulting from operations

     78,502,241        (22,669,796      37,142,991        12,513,993        73,003,346        15,773,810  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (23,081,500      (26,843,795      (21,220,750      (14,557,836      (19,529,750      (18,097,424

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     22,667,868        43,192,061        21,113,970        213,596,432        18,551,230        112,351,029  

Cost of shares redeemed

     (74,346,598      (57,953,886      (109,170,942             (46,440,306       

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

     (51,678,730      (14,761,825      (88,056,972      213,596,432        (27,889,076      112,351,029  

Net Increase (Decrease) in Net Assets

     3,742,011        (64,275,416      (72,134,731      211,552,589        25,584,520        110,027,415  

NET ASSETS:

 

Beginning of year

   $ 570,152,931      $ 634,428,347      $ 413,186,779      $ 201,634,190      $ 491,834,408      $ 381,806,993  

End of year

   $ 573,894,942      $ 570,152,931      $ 341,052,048      $ 413,186,779      $ 517,418,928      $ 491,834,408  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     11,450,000        11,950,000        11,000,000        5,050,000        10,550,000        7,800,000  

Shares created

     450,000        900,000        550,000        5,950,000        400,000        2,750,000  

Shares redeemed

     (1,450,000      (1,400,000      (2,950,000             (950,000       

Shares outstanding, end of year

     10,450,000        11,450,000        8,600,000        11,000,000        10,000,000        10,550,000  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     

WisdomTree International

MidCap Dividend Fund

    

WisdomTree International

Multifactor Fund

     WisdomTree International Quality
Dividend Growth Fund
 
      For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 4,676,380      $ 5,069,979      $ 1,408,676      $ 1,316,274      $ 16,745,702      $ 13,253,119  

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

     (101,987      (13,885,400      1,557,007        (539,077      15,237,306        (58,788,022

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

     11,611,037        718,605        1,067,392        413,640        95,248,461        52,354,050  

Net increase (decrease) in net assets resulting from operations

     16,185,430        (8,096,816      4,033,075        1,190,837        127,231,469        6,819,147  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (5,664,500      (5,553,560      (1,509,000      (1,277,796      (16,686,000      (13,540,674

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     8,686,299        11,005,333        10,204,509        9,671,353        258,437,278        330,148,196  

Cost of shares redeemed

     (11,994,282      (5,032,369      (10,283,441      (2,474,953      (56,717,942      (31,250,555

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

     (3,307,983      5,972,964        (78,932      7,196,400        201,719,336        298,897,641  

Net Increase (Decrease) in Net Assets

     7,212,947        (7,677,412      2,445,143        7,109,441        312,264,805        292,176,114  

NET ASSETS:

 

Beginning of year

   $ 128,175,330      $ 135,852,742      $ 39,995,850      $ 32,886,409      $ 665,915,824      $ 373,739,710  

End of year

   $ 135,388,277      $ 128,175,330      $ 42,440,993      $ 39,995,850      $ 978,180,629      $ 665,915,824  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     2,200,000        2,100,000        1,600,000        1,300,000        19,750,000        10,150,000  

Shares created

     150,000        200,000        400,000        400,000        7,550,000        10,650,000  

Shares redeemed

     (200,000      (100,000      (400,000      (100,000      (1,550,000      (1,050,000

Shares outstanding, end of year

     2,150,000        2,200,000        1,600,000        1,600,000        25,750,000        19,750,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

      WisdomTree International SmallCap
Dividend Fund
    

WisdomTree Japan SmallCap

Dividend Fund

 
      For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 45,165,097      $ 56,124,574      $ 5,348,222      $ 4,558,221  

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

     (11,472,803      (165,290,057      15,703,811        (26,812,312

Net increase in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies

     88,412,126        8,194,398        25,669,400        25,168,900  

Net increase (decrease) in net assets resulting from operations

     122,104,420        (100,971,085      46,721,433        2,914,809  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (46,695,750      (62,885,580      (5,686,552      (7,163,312

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     12,700,933        36,161,923        129,347,500        15,564,306  

Cost of shares redeemed

     (182,639,829      (8,875,297      (102,859,528      (41,967,436

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

     (169,938,896      27,286,626        26,487,972        (26,403,130

Net Increase (Decrease) in Net Assets

     (94,530,226      (136,570,039      67,522,853        (30,651,633

NET ASSETS:

 

Beginning of year

   $ 1,193,792,635      $ 1,330,362,674      $ 182,496,720      $ 213,148,353  

End of year

   $ 1,099,262,409      $ 1,193,792,635      $ 250,019,573      $ 182,496,720  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     19,650,000        19,200,000        2,750,000        3,200,000  

Shares created

     200,000        600,000        1,800,000        250,000  

Shares redeemed

     (3,050,000      (150,000      (1,350,000      (700,000

Shares outstanding, end of year

     16,800,000        19,650,000        3,200,000        2,750,000  

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Financial Highlights

WisdomTree Trust

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

 

 

WisdomTree Europe Quality Dividend
Growth Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 30.10      $ 31.45      $ 31.24      $ 22.13      $ 25.06  

Investment operations:

 

Net investment income1

     0.64        0.72        1.08        0.66        0.62  

Net realized and unrealized gain (loss)

     2.39        (1.35      0.21        9.10        (2.93

Total from investment operations

     3.03        (0.63      1.29        9.76        (2.31

Dividends to shareholders:

 

Net investment income

     (0.64      (0.72      (1.08      (0.65      (0.62

Net asset value, end of year

   $ 32.49      $ 30.10      $ 31.45      $ 31.24      $ 22.13  

TOTAL RETURN2

     10.22      (1.64 )%       4.02      44.43      (9.46 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 73,096      $ 69,241      $ 72,346      $ 46,856      $ 25,450  

Ratios to average net assets of:

 

Expenses

     0.59 %3       0.59 %3       0.59 %3       0.58      0.58

Net investment income

     2.10      2.63      3.26      2.37      2.42

Portfolio turnover rate4

     35      43      53      61      43

 

           
WisdomTree Europe SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 58.32      $ 68.00      $ 69.71      $ 41.06      $ 58.54  

Investment operations:

 

Net investment income1

     2.59        3.42        2.03        1.31        2.43  

Net realized and unrealized gain (loss)

     1.48        (9.57      (1.79      28.62        (17.41

Total from investment operations

     4.07        (6.15      0.24        29.93        (14.98

Dividends to shareholders:

 

Net investment income

     (2.66      (3.53      (1.95      (1.28      (2.50

Net asset value, end of year

   $ 59.73      $ 58.32      $ 68.00      $ 69.71      $ 41.06  

TOTAL RETURN2

     7.40      (8.50 )%       0.18      73.76      (26.54 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 188,151      $ 250,797      $ 295,806      $ 310,227      $ 320,231  

Ratios to average net assets of:

 

Expenses5,6

     0.61 %3       0.65 %3       0.73 %3       0.58      0.58

Net investment income

     4.57      6.00      2.77      2.39      4.15

Portfolio turnover rate4

     41      46      68      92      50
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree Europe SmallCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

4 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

5 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

6 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree International AI
Enhanced Value Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 20221
    For the
Year Ended
March 31, 20211
     For the
Year Ended
March 31, 20201
 

Net asset value, beginning of year

   $ 38.89      $ 40.53      $ 42.46     $ 31.66      $ 41.19  

Investment operations:

 

Net investment income2

     1.54        1.56        2.14       1.64        1.69  

Net realized and unrealized gain (loss)

     2.58        (1.46      (1.98     10.78        (9.52

Total from investment operations

     4.12        0.10        0.16       12.42        (7.83

Dividends to shareholders:

 

Net investment income

     (1.88      (1.74      (2.09     (1.62      (1.70

Net asset value, end of year

   $ 41.13      $ 38.89      $ 40.53     $ 42.46      $ 31.66  

TOTAL RETURN3

     10.93      0.80      0.30     39.87      (19.77 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 74,029      $ 77,785      $ 121,582     $ 144,348      $ 106,061  

Ratios to average net assets of:

 

Expenses

     0.59 %4       0.59 %4       0.58 %5,6,7      0.58 %6,7       0.58 %6,7 

Net investment income

     3.92      4.25      5.03     4.34      4.17

Portfolio turnover rate8

     138      148      99 %9,10      61      45

 

           
WisdomTree International Equity
Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 49.80      $ 53.09      $ 52.63     $ 39.65      $ 50.59  

Investment operations:

 

Net investment income2

     1.93        2.11        1.94       1.47        1.69  

Net realized and unrealized gain (loss)

     5.24        (3.19      0.50       12.99        (10.88

Total from investment operations

     7.17        (1.08      2.44       14.46        (9.19

Dividends to shareholders:

 

Net investment income

     (2.05      (2.21      (1.98     (1.48      (1.75

Net asset value, end of year

   $ 54.92      $ 49.80      $ 53.09     $ 52.63      $ 39.65  

TOTAL RETURN3

     14.83      (1.55 )%       4.62     36.92      (18.80 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 573,895      $ 570,153      $ 634,428     $ 602,625      $ 580,910  

Ratios to average net assets of:

 

Expenses

     0.49 %11       0.49 %11       0.49 %6,7,11      0.48 %6,7       0.48 %6,7 

Net investment income

     3.80      4.49      3.58     3.13      3.36

Portfolio turnover rate8

     22      24      31     47      23
1 

The information reflects the investment objective and strategy of the WisdomTree International Dividend ex-Financials Fund through January 17, 2022 and the investment objective and strategy of the WisdomTree International AI Enhanced Value Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

5 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been unchanged.

 

6 

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

 

7 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

8 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

9 

The increase in the portfolio turnover rate was primarily a result of the change in investment objective and strategy on January 18, 2022.

 

10 

On January 7, 2022, Voya Investment Management Co., LLC replaced Mellon Investments Corporation as sub-advisor to the Fund.

 

11 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.48%.

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree International High
Dividend Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 37.56      $ 39.93      $ 39.29      $ 29.53      $ 40.30  

Investment operations:

 

Net investment income1

     1.99        2.11        1.90        1.54        1.65  

Net realized and unrealized gain (loss)

     2.14        (2.37      0.63        9.73        (10.75

Total from investment operations

     4.13        (0.26      2.53        11.27        (9.10

Dividends to shareholders:

 

Net investment income

     (2.03      (2.11      (1.89      (1.51      (1.67

Net asset value, end of year

   $ 39.66      $ 37.56      $ 39.93      $ 39.29      $ 29.53  

TOTAL RETURN2

     11.45      0.01      6.61      38.88      (23.48 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 341,052      $ 413,187      $ 201,634      $ 182,685      $ 174,236  

Ratios to average net assets of:

 

Expenses3,4

     0.59 %5       0.58 %6       0.59 %5       0.58      0.58

Net investment income

     5.29      5.89      4.80      4.43      4.18

Portfolio turnover rate7

     39      36      40      57      34

 

           
WisdomTree International LargeCap
Dividend Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 46.62      $ 48.95      $ 47.34      $ 36.81      $ 46.37  

Investment operations:

 

Net investment income1

     1.83        1.94        1.79        1.42        1.56  

Net realized and unrealized gain (loss)

     5.14        (2.23      1.63        10.55        (9.52

Total from investment operations

     6.97        (0.29      3.42        11.97        (7.96

Dividends to shareholders:

 

Net investment income

     (1.85      (2.04      (1.81      (1.44      (1.60

Net asset value, end of year

   $ 51.74      $ 46.62      $ 48.95      $ 47.34      $ 36.81  

TOTAL RETURN2

     15.35      (0.05 )%       7.27      32.91      (17.78 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 517,419      $ 491,834      $ 381,807      $ 352,717      $ 327,622  

Ratios to average net assets of:

 

Expenses3,4

     0.49 %8       0.49 %8       0.49 %8       0.48      0.48

Net investment income

     3.83      4.43      3.63      3.33      3.38

Portfolio turnover rate7

     24      23      30      38      14
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

4 

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

 

5 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

6 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been unchanged.

 

7 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

8 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.48%.

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree International MidCap
Dividend Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 58.26      $ 64.69      $ 67.16      $ 47.06      $ 61.98  

Investment operations:

 

Net investment income1

     2.04        2.31        2.54        1.51        2.03  

Net realized and unrealized gain (loss)

     5.15        (6.20      (2.53      20.12        (14.87

Total from investment operations

     7.19        (3.89      0.01        21.63        (12.84

Dividends to shareholders:

 

Net investment income

     (2.48      (2.54      (2.48      (1.53      (2.08

Net asset value, end of year

   $ 62.97      $ 58.26      $ 64.69      $ 67.16      $ 47.06  

TOTAL RETURN2

     12.80      (5.68 )%       (0.13 )%       46.54      (21.43 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 135,388      $ 128,175      $ 135,853      $ 144,404      $ 169,413  

Ratios to average net assets of:

 

Expenses

     0.59 %3       0.59 %3       0.59 %3       0.58      0.58

Net investment income

     3.48      4.10      3.75      2.63      3.30

Portfolio turnover rate4

     36      39      44      62      33

 

           
WisdomTree International
Multifactor Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 25.00      $ 25.30      $ 25.43      $ 20.88      $ 24.72  

Investment operations:

 

Net investment income1

     0.86        0.95        0.79        0.59        0.75  

Net realized and unrealized gain (loss)

     1.59        (0.33      0.00 5       4.53        (3.88

Total from investment operations

     2.45        0.62        0.79        5.12        (3.13

Dividends to shareholders:

 

Net investment income

     (0.92      (0.92      (0.92      (0.57      (0.71

Net asset value, end of year

   $ 26.53      $ 25.00      $ 25.30      $ 25.43      $ 20.88  

TOTAL RETURN2

     10.07      2.76      3.03      24.70      (13.08 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 42,441      $ 39,996      $ 32,886      $ 38,138      $ 33,408  

Ratios to average net assets of:

 

Expenses

     0.38 %6       0.39 %7       0.39 %7       0.38      0.38 %8,9 

Net investment income

     3.41      3.98      3.01      2.47      3.04

Portfolio turnover rate4

     121      118      105      123      132
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree International Multifactor Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

4 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

5 

Amount represents less than $0.005.

 

6 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.38%.

 

8 

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

 

9 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

See Notes to Financial Statements.

 

98   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree International Quality
Dividend Growth Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 33.72      $ 36.82      $ 36.95      $ 25.87      $ 28.62  

Investment operations:

 

Net investment income1

     0.67        1.06        1.22        0.91        0.70  

Net realized and unrealized gain (loss)

     4.27        (3.03      (0.27      10.98        (2.77

Total from investment operations

     4.94        (1.97      0.95        11.89        (2.07

Dividends to shareholders:

 

Net investment income

     (0.67      (1.13      (1.08      (0.81      (0.68

Net asset value, end of year

   $ 37.99      $ 33.72      $ 36.82      $ 36.95      $ 25.87  

TOTAL RETURN2

     14.81      (4.85 )%       2.46      46.22      (7.43 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 978,181      $ 665,916      $ 373,740      $ 190,307      $ 68,551  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.43 %3       0.43 %3       0.42      0.41 %4       0.38 %5 

Expenses, prior to expense waivers

     0.43 %3       0.43 %3       0.42      0.44      0.48

Net investment income

     1.94      3.38      3.16      2.73      2.38

Portfolio turnover rate6

     49      48      63      66      51

 

           
WisdomTree International SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 60.75      $ 69.29      $ 72.16      $ 48.29      $ 65.74  

Investment operations:

 

Net investment income1

     2.48        2.91        2.27        1.55        2.36  

Net realized and unrealized gain (loss)

     4.77        (8.19      (2.72      23.97        (17.32

Total from investment operations

     7.25        (5.28      (0.45      25.52        (14.96

Dividends to shareholders:

 

Net investment income

     (2.57      (3.26      (2.42      (1.65      (2.49

Net asset value, end of year

   $ 65.43      $ 60.75      $ 69.29      $ 72.16      $ 48.29  

TOTAL RETURN2

     12.36      (7.23 )%       (0.79 )%       53.46      (23.58 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 1,099,262      $ 1,193,793      $ 1,330,363      $ 1,403,518      $ 1,161,439  

Ratios to average net assets of:

 

Expenses7,8

     0.59 %9       0.60 %9       0.61 %9       0.58      0.58

Net investment income

     4.08      4.87      3.08      2.54      3.63

Portfolio turnover rate6

     36      51      55      74      50
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.42%.

 

4 

The investment advisor had contractually agreed to limit the advisory fee to 0.38% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.42%.

 

5 

Effective April 7, 2016, the investment advisor contractually agreed to limit the advisory fee to 0.38% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

6 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

7 

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

 

8 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

9 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

See Notes to Financial Statements.

 

WisdomTree Trust      99  


Financial Highlights (concluded)

WisdomTree Trust

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

 

 

WisdomTree Japan SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 66.36      $ 66.61      $ 76.06      $ 58.64      $ 68.10  

Investment operations:

 

Net investment income1

     1.66        1.58        1.71        1.17        1.14  

Net realized and unrealized gain (loss)

     11.76        0.61 2       (9.68      18.13        (8.95

Total from investment operations

     13.42        2.19        (7.97      19.30        (7.81

Dividends to shareholders:

 

Net investment income

     (1.65      (2.44      (1.48      (1.88      (1.65

Net asset value, end of year

   $ 78.13      $ 66.36      $ 66.61      $ 76.06      $ 58.64  

TOTAL RETURN3

     20.44      3.62      (10.62 )%       33.27      (11.85 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 250,020      $ 182,497      $ 213,148      $ 190,141      $ 237,503  

Ratios to average net assets of:

 

Expenses4,5

     0.58      0.58      0.58      0.58      0.58

Net investment income

     2.35      2.56      2.34      1.73      1.67

Portfolio turnover rate6

     28      26      36      43      38
1 

Based on average shares outstanding.

 

2 

The amount of net realized and unrealized gain per share does not correspond with the amounts reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

5 

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

 

6 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

100   WisdomTree Trust


Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.

 

   
Fund    Commencement
of Operations
 

WisdomTree Europe Quality Dividend Growth Fund (“Europe Quality Dividend Growth Fund”)

     May 7, 2014  

WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund”)

     June 16, 2006  

WisdomTree International AI Enhanced Value Fund (“International AI Enhanced Value Fund”)

     June 16, 2006  

WisdomTree International Equity Fund (“International Equity Fund”)

     June 16, 2006  

WisdomTree International High Dividend Fund (“International High Dividend Fund”)

     June 16, 2006  

WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund”)

     June 16, 2006  

WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund”)

     June 16, 2006  

WisdomTree International Multifactor Fund (“International Multifactor Fund”)

     August 10, 2018  

WisdomTree International Quality Dividend Growth Fund (“International Quality Dividend Growth Fund”)

     April 7, 2016  

WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund”)

     June 16, 2006  

WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund”)

     June 16, 2006  

Each Fund, except for the International AI Enhanced Value Fund and International Multifactor Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree, Inc. (“WisdomTree”) or an Index developed by a third party. The International AI Enhanced Value Fund is actively managed using a model-based approach seeking income and capital appreciation. The International Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. WisdomTree 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 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 believe such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g., broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board” or “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 on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in

 

WisdomTree Trust      101  


Notes to Financial Statements (continued)

 

money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts that settle within two business days after the trade date (“Spot Contracts”) and foreign currency contracts having a settlement period greater than two business days after the trade date (“Forward Contracts”) are valued on the measurement date using an interpolated foreign exchange rate between the closest preceding and subsequent settlement period, as calculated using the 4:00 p.m. London time closing spot and forward rates provided by an independent pricing service provider.

Pursuant to Board-approved valuation procedures established by the Trust and WTAM, the Board has appointed WTAM as the Funds’ valuation designee (the “Valuation Designee”) to perform all fair valuations of the Funds’ portfolio investments, subject to the Board’s oversight. As the Valuation Designee, WTAM has established procedures for its fair valuation of a Fund’s portfolio investments. These procedures address, among other things, determining when market quotations are not readily available or reliable and the methodologies to be used for determining the fair value of investments, as well as the use and oversight of third-party pricing services for fair valuation. The Valuation Designee is comprised of senior representatives of WTAM and 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 the exchange or system on which it is principally traded, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Valuation Designee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Valuation Designee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

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

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

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

 

102   WisdomTree Trust


Notes to Financial Statements (continued)

 

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

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details (e.g., credit rating, debt ranking, coupon date, maturity date, etc.), 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 Valuation Designee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Valuation Designee 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 Valuation Designee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the fiscal year ended March 31, 2024, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the fiscal year ended March 31, 2024 and open positions in such derivatives as of March 31, 2024 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. The Funds’ derivative agreements may also contain credit-risk related contingent features which may include, but are not limited to, a threshold in the Funds’ derivative agreements on unrealized depreciation (i.e., the Funds’ obligation to the counterparty) above a specified dollar amount. If an event occurred at March 31, 2024 that triggered a contingent feature, the counterparty to the agreement may require a Fund to post collateral (or 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 due to a counterparty. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed in Note 2—Master Netting Arrangements under the column entitled “Liabilities: Net Amount”. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2024, if any, is reflected as a footnote within each Fund’s Schedule of Investments. At March 31, 2024, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

As of March 31, 2024, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

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

Europe Quality Dividend Growth Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
   $      Unrealized depreciation on
foreign currency contracts
   $ 6  

International High Dividend Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     179  

International MidCap Dividend Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     41  

International Multifactor Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     465,624      Unrealized depreciation on
foreign currency contracts
     132,418  

 

WisdomTree Trust      103  


Notes to Financial Statements (continued)

 

For the fiscal year ended March 31, 2024, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

Europe Quality Dividend Growth Fund

     

Foreign currency risk

   $ (11,174    $ (6)  

Europe SmallCap Dividend Fund

     

Foreign currency risk

     (8,703      573  

International AI Enhanced Value Fund

     

Foreign currency risk

     21,260        (113

International Equity Fund

     

Foreign currency risk

     78,005         

International High Dividend Fund

     

Foreign currency risk

     121,731        (13

International LargeCap Dividend Fund

     

Foreign currency risk

     149,061         

International MidCap Dividend Fund

     

Foreign currency risk

     (28,675      61  

International Multifactor Fund

     

Equity risk

     11,502         

Foreign currency risk

     (327,128      576,993  

International Quality Dividend Growth Fund

     

Foreign currency risk

     (233,177       

International SmallCap Dividend Fund

     

Foreign currency risk

     (93,295      9  

Japan SmallCap Dividend Fund

     

Foreign currency risk

     (7,822       

 

  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Equity risk

   Net realized gain (loss) from futures contracts

Foreign currency risk

   Net realized gain (loss) from foreign currency contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign currency risk

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

During the fiscal year ended March 31, 2024, the volume of derivative activity (based on the average of month-end notional balances, except where footnoted) for each Fund was as follows:

 

   
     Average Notional  
Fund    Foreign currency
contracts
(to deliver
USD)
     Foreign currency
contracts
(to receive
USD)
     Futures
contracts
(long)
 

Europe Quality Dividend Growth Fund

        

Foreign currency risk

   $ 3,449      $ 13,395      $  

Europe SmallCap Dividend Fund

        

Foreign currency risk

     42,757        14,304         

International AI Enhanced Value Fund

        

Foreign currency risk

            10,118         

International Equity Fund

        

Foreign currency risk

     20,979        87,401         

International High Dividend Fund

        

Foreign currency risk

     211,817        125,968         

International LargeCap Dividend Fund

        

Foreign currency risk

     36,836        12,770         

International MidCap Dividend Fund

        

Foreign currency risk

     19,547        32,653         

 

104   WisdomTree Trust


Notes to Financial Statements (continued)

 

   
     Average Notional  
Fund    Foreign currency
contracts
(to deliver
USD)
     Foreign currency
contracts
(to receive
USD)
     Futures
contracts
(long)
 

International Multifactor Fund

        

Equity risk1

   $      $      $ 51,280  

Foreign currency risk

     21,350,725        42,628,365         

International Quality Dividend Growth Fund

        

Foreign currency risk

     26,257                

International SmallCap Dividend Fund

        

Foreign currency risk

     72,222        223,720         

Japan SmallCap Dividend Fund

        

Foreign currency risk

            32,855         
  1 

The volume of derivatives for the period is based on intra-month balances.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (less foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized on the ex-dividend date, or, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined, at the fair value of securities to be received. Upon notification from real estate investment trust (“REIT”) issuers or as estimated by management, all or a portion of the dividend income received from a REIT may be redesignated as a reduction of cost of the related investment and/or as a realized gain. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Taxes — The Funds may be subject to foreign taxes (a portion of which may be reclaimable or refundable) on foreign income or capital gains on investment transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and tax rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are accrued and applied to foreign income as the foreign income is earned and are reflected on the Statements of Operations as follows: foreign taxes withheld on dividends are presented as a reduction to investment income in “Less: Foreign withholding taxes on dividends”, foreign taxes on capital gains from investment transactions, if any, are included in “Net realized gain (loss) from investment transactions”, and deferred foreign taxes on net unrealized appreciation on investments, if any, are included in “Net increase (decrease) in unrealized appreciation/depreciation on investment transactions”. Foreign taxes payable or deferred as of March 31, 2024, if any, are disclosed in the Statements of Assets and Liabilities in “Payables: Foreign capital gains tax”.

In certain foreign jurisdictions, when the Funds incur subsequent capital losses on investment transactions that occurred during the tax year in the applicable foreign jurisdiction, the Funds may be entitled to a refund on any foreign taxes paid on previous capital gain investment transactions that occurred during the tax year of the applicable foreign jurisdiction. Foreign capital gain tax refunds on investment transactions are included in “Net realized gain (loss) from investment transactions” on the Statements of Operations and foreign capital gain tax refunds that remain unpaid as of March 31, 2024, if any, are disclosed in the Statements of Assets and Liabilities in “Receivables: Foreign capital gains tax refund”.

The Funds file foreign tax reclaims in certain foreign jurisdictions to recover a portion of amounts previously withheld on dividend income if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims recorded relating to current fiscal year investment income are included in the Statements of Operations as a reduction to the balance shown for “Foreign withholding taxes on dividends” and foreign tax reclaims recorded, but not yet received as of March 31, 2024, if any, are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”.

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”,

 

WisdomTree Trust      105  


Notes to Financial Statements (continued)

 

respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in “net realized gain (loss) from foreign currency related transactions” and/or “net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies” in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Foreign Currency Contracts — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the International Multifactor Fund, do not expect to engage in currency transactions for the purpose of hedging against currency exposures of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes. During the fiscal year ended March 31, 2024, the Funds, except for the International Multifactor Fund, utilized foreign currency contracts primarily to facilitate foreign security settlements. The International Multifactor Fund utilized foreign currency contracts primarily to offset applicable international currency exposure from certain positions in international equities. A foreign currency 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 foreign currency contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades.

Risks may arise upon entering into foreign currency 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 foreign currency contracts are recorded for book purposes as unrealized gains or losses on foreign currency contracts by the Funds and are included in “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts” on the Statements of Operations. Realized gains and losses on foreign currency contracts include net gains or losses recognized by the Funds on contracts which have settled and are included in “net realized gain (loss) from foreign currency contracts” on the Statements of Operations.

Futures Contracts — The International Multifactor Fund utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with its investment objective during the Fund’s periodic portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency, equity, digital asset or

 

106   WisdomTree Trust


Notes to Financial Statements (continued)

 

U.S. Treasury security, collectively herein, “Reference Asset”) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified Reference Asset at a future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. A Fund may also cash settle upon the expiration date of a futures contract in which no physical delivery (or receipt) of the specified Reference Asset comprising the futures contract is made. Instead, settlement in cash would occur upon the expiration of the contract, with the cash settlement being the difference between the contract price and the actual price of the specified Reference Asset at the expiration date. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or U.S. government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Cash deposited as initial margin, if any, is shown as “Deposits at broker for futures contracts” in the Statements of Assets and Liabilities, and U.S. government securities deposited, if any, are designated in the Schedule of Investments. 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 unrealized net gain or loss is reclassified to realized gain or loss on futures. Deposits at broker utilized for futures contract margin requirements generally are restricted from withdrawal. The Funds have adopted a derivatives risk management program pursuant to Rule 18f-4 under the 1940 Act to assess and manage the Funds’ derivatives risk. Rule 18f-4 limits the amount of derivatives a fund can enter into and replaces the asset segregation framework previously used by the Funds to comply with Section 18 of the 1940 Act.

As of March 31, 2024, there were no open futures contracts in the Funds.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend income earned on the securities loaned is accounted for in the same manner as other dividend income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter (“OTC”) derivatives, such as foreign currency 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

 

WisdomTree Trust      107  


Notes to Financial Statements (continued)

 

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 currency contracts, options and certain swaps). 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’ securities lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower. However, in the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2024, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
    Net Amount    

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not
Offset
in the Statements of
Assets and Liabilities
    Net Amount  
Fund   Financial
Instruments
    Collateral
Received
    Financial
Instruments
    Collateral
Posted
 

Europe Quality Dividend Growth Fund

               

Securities Lending

  $ 1,824,913     $     $ (1,824,913 )1    $     $     $     $     $  

Foreign Currency Contracts

                            6                   6  

Europe SmallCap Dividend Fund

               

Securities Lending

    20,380,112             (20,380,112 )1                               

International AI Enhanced Value Fund

               

Securities Lending

    6,139,415             (6,139,415 )1                               

International Equity Fund

               

Securities Lending

    58,538,673             (58,538,673 )1                               

International High Dividend Fund

               

Securities Lending

    37,547,501             (37,547,501 )1                               

Foreign Currency Contracts

                            179                   179  

International LargeCap Dividend Fund

               

Securities Lending

    41,407,871             (41,407,871 )1                               

International MidCap Dividend Fund

               

Securities Lending

    21,350,166             (21,350,166 )1                               

Foreign Currency Contracts

                            41                   41  

International Multifactor Fund

               

Securities Lending

    2,678,068             (2,678,068 )1                               

Foreign Currency Contracts

    465,624       (81,831           383,793       132,418       (81,831           50,587  

International Quality Dividend Growth Fund

               

Securities Lending

    46,257,159             (46,257,159 )1                               

International SmallCap Dividend Fund

               

Securities Lending

    129,254,151             (129,254,151 )1                               

Japan SmallCap Dividend Fund

               

Securities Lending

    52,747,857             (52,747,857 )1                               
  1

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

 

108   WisdomTree Trust


Notes to Financial Statements (continued)

 

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Restricted Securities — Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is included at the end of each Fund’s Schedule of Investments.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations (i.e., tax basis) which may differ to amounts determined under GAAP (i.e., book basis). 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 the International AI Enhanced Value Fund. Prior to January 7, 2022, sub-advisory services for the International AI Enhanced Value Fund were provided by Mellon and thereafter by Voya Investment Management Co., LLC (“Voya IM”). Mellon and Voya IM are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

Europe Quality Dividend Growth Fund

     0.58

Europe SmallCap Dividend Fund

     0.58

International AI Enhanced Value Fund

     0.58

International Equity Fund

     0.48

 

WisdomTree Trust      109  


Notes to Financial Statements (continued)

 

   
Fund   

Advisory

Fee Rate

 

International High Dividend Fund

     0.58

International LargeCap Dividend Fund

     0.48

International MidCap Dividend Fund

     0.58

International Multifactor Fund

     0.38

International Quality Dividend Growth Fund

     0.42

International SmallCap Dividend Fund

     0.58

Japan SmallCap Dividend Fund

     0.58

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the fiscal year ended March 31, 2024, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of its advisory fees, that it would otherwise charge, for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (e.g., fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statements of Operations in “Expense waivers”.

During the fiscal year ended March 31, 2024, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2024, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/(Loss)
 

Europe Quality Dividend Growth Fund

   $ 4,434,014      $ 8,871,240      $ 452,187  

Europe SmallCap Dividend Fund

     2,120,900        7,502,608        126,038  

International Equity Fund

     13,903,740        6,092,261        213,793  

International High Dividend Fund

     16,486,446        11,767,149        1,807,787  

International LargeCap Dividend Fund

     19,757,461        13,585,594        (1,747,150

International MidCap Dividend Fund

     11,446,676        10,650,761        790,169  

International Quality Dividend Growth Fund

     42,896,723        28,793,057        (6,393,865

International SmallCap Dividend Fund

     9,919,822        29,061,300        3,345,880  

Japan SmallCap Dividend Fund

     3,716,189        5,311,218        632,326  

WTAM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2024, WT held shares of and received distributions from the following Funds, which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

 

       
     At March 31, 2024            For the Fiscal Year Ended
March 31, 2024
 
Fund    Fund Shares
held by WT
     Market Value of
Fund Shares
held by WT
           

Dividends and
Distributions paid to
WT on

Fund Shares

held by WT

 

International Multifactor Fund

     428      $  11,361              $  373  

International Quality Dividend Growth Fund

     686        26,109                379

International SmallCap Dividend Fund

     455        29,671                1,296  

Japan SmallCap Dividend Fund

     28      2,164              32  

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2024, 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 to an authorized participant (“AP”). Except when aggregated in creation units (“Creation Unit Aggregations”), 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 (“Deposit Securities”) and/or an amount of cash (“Cash Component”). Creation Unit Aggregations may be created in advance of receipt by a Fund of all or a portion of the applicable Deposit Securities from APs. In these circumstances, the initial deposit received from the AP will have a value greater than

 

110   WisdomTree Trust


Notes to Financial Statements (continued)

 

the NAV of the applicable Fund’s shares on the date the order is placed in proper form since, in addition to available Deposit Securities, U.S. cash must be deposited by the AP in an amount equal to the sum of (i) the Cash Component, plus (ii) generally between 102%-110%, as directed by the Trust or WTAM, which the Trust or WTAM may change from time to time, of the market value of the undelivered Deposit Securities (the “Additional Cash Deposit”) with the Fund pending delivery of any missing Deposit Securities. The Fund will return any unused portion of the Additional Cash Deposit once all of the missing Deposit Securities have been properly received from the AP or purchased by the Fund. Amounts due to be returned to an AP as of March 31, 2024, if any, is shown in the Statements of Assets and Liabilities in “Payables: Deposit due to authorized participant”.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2024 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Europe Quality Dividend Growth Fund

   $ 24,592,173      $ 24,780,367      $ 4,540,802      $ 6,198,744  

Europe SmallCap Dividend Fund

     83,992,583        82,869,027               63,353,763  

International AI Enhanced Value Fund

     100,735,892        101,042,647        3,671,806        11,714,115  

International Equity Fund

     126,012,572        122,465,680        14,224,735        70,508,983  

International High Dividend Fund

     150,597,635        148,658,819        18,117,515        107,852,657  

International LargeCap Dividend Fund

     127,014,417        118,637,556        8,909,465        45,640,235  

International MidCap Dividend Fund

     48,183,836        48,603,387        8,317,028        12,083,988  

International Multifactor Fund

     49,513,995        49,689,664        10,138,653        10,220,631  

International Quality Dividend Growth Fund

     436,921,523        417,539,423        235,904,603        54,520,788  

International SmallCap Dividend Fund

     403,509,708        396,815,046        12,798,417        183,372,456  

Japan SmallCap Dividend Fund

     64,112,822        64,840,211        128,320,878        102,012,008  

6. FEDERAL INCOME TAXES

At March 31, 2024, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
    Total Net
Unrealized
Appreciation
 

Europe Quality Dividend Growth Fund

  $ 63,825,938     $ 13,058,665     $ (3,057,220   $ 10,001,445             $     $     $     $ 10,001,445  

Europe SmallCap Dividend Fund

    189,111,659       26,253,097       (14,700,035     11,553,062                                 11,553,062  

International AI Enhanced Value Fund

    76,040,597       5,295,919       (4,809,945     485,974                                 485,974  

International Equity Fund

    490,846,107       139,201,683       (14,951,230     124,250,453                                 124,250,453  

International High Dividend Fund

    329,537,506       45,047,351       (11,853,537     33,193,814                                 33,193,814  

International LargeCap Dividend Fund

    424,555,905       132,151,108       (7,506,605     124,644,503                                 124,644,503  

International MidCap Dividend Fund

    132,123,509       21,711,064       (6,134,065     15,576,999                     (41     (41     15,576,958  

International Multifactor Fund

    40,190,152       3,925,262       (896,286     3,028,976               4,525       (1,142     3,383       3,032,359  

International Quality Dividend Growth Fund

    839,056,419       182,755,209       (28,382,298     154,372,911                                 154,372,911  

International SmallCap Dividend Fund

    1,042,072,595       180,693,269       (77,415,497     103,277,772                                 103,277,772  

Japan SmallCap Dividend Fund

    262,665,189       25,655,585       (17,110,415     8,545,170                                 8,545,170  

 

WisdomTree Trust      111  


Notes to Financial Statements (continued)

 

  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

At March 31, 2024, the components of total distributable earnings (loss) on a tax-basis were as follows:

 

             
Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
     Net Unrealized
Appreciation
     Currency and
Other Unrealized
Appreciation/
(Depreciation)
     Other
Temporary
Differences1
     Total Distributable
Earnings (Loss)
 

Europe Quality Dividend Growth Fund

   $ 111,134      $ (13,742,045    $ 10,001,445      $ 6,047      $ 4,000      $ (3,619,419

Europe SmallCap Dividend Fund

     120,667        (319,739,403      11,553,062        (98,228      365,528        (307,798,374

International AI Enhanced Value Fund

     713,856        (69,356,127      485,974        (7,808      19,778        (68,144,327

International Equity Fund

     1,699,632        (207,625,302      124,250,453        5,864        42,085        (81,627,268

International High Dividend Fund

     1,073,931        (103,947,845      33,193,814        (12,474      14,416        (69,678,158

International LargeCap Dividend Fund

     1,731,677        (131,149,126      124,644,503        22,500        12,870        (4,737,576

International MidCap Dividend Fund

     582,222        (47,258,316      15,576,999        (1,064      4,173        (31,095,986

International Multifactor Fund

     180,616        (3,958,047      3,028,976        2,910        585        (744,960

International Quality Dividend Growth Fund

     716,134        (68,013,038      154,372,911        (237      59,036        87,134,806  

International SmallCap Dividend Fund

     3,566,455        (428,609,379      103,277,772        (246,398      739,361        (321,272,189

Japan SmallCap Dividend Fund

     776,782        (126,958,749      8,545,170        (42,650             (117,679,447
  1 

The treatment of certain income/expense items have been recognized for GAAP but disallowed for tax purposes.

The tax character of distributions paid during the fiscal years ended March 31, 2024 and March 31, 2023, was as follows:

 

     
     Year Ended March 31, 2024      Year Ended March 31, 2023  
Fund    Distributions Paid from
Ordinary Income*
     Distributions Paid from
Ordinary Income*
 

Europe Quality Dividend Growth Fund

   $ 1,468,000      $ 1,667,670  

Europe SmallCap Dividend Fund

     9,431,500        14,405,217  

International AI Enhanced Value Fund

     3,458,250        4,170,635  

International Equity Fund

     23,081,500        26,843,795  

International High Dividend Fund

     21,220,750        14,557,836  

International LargeCap Dividend Fund

     19,529,750        18,097,424  

International MidCap Dividend Fund

     5,664,500        5,553,560  

International Multifactor Fund

     1,509,000        1,277,796  

International Quality Dividend Growth Fund

     16,686,000        13,540,674  

International SmallCap Dividend Fund

     46,695,750        62,885,580  

Japan SmallCap Dividend Fund

     5,686,552        7,163,312  
  *

Includes short-term capital gains, if any.

At March 31, 2024, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the following table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term      Long-Term      Capital Loss
Available Total
 

Europe Quality Dividend Growth Fund

   $ 9,708,160      $ 4,033,885      $ 13,742,045  

Europe SmallCap Dividend Fund

     107,598,627        212,140,776        319,739,403  

International AI Enhanced Value Fund

     22,882,977        46,473,150        69,356,127  

International Equity Fund

     41,715,977        165,909,325        207,625,302  

International High Dividend Fund

     19,836,672        84,111,173        103,947,845  

International LargeCap Dividend Fund

     23,350,441        107,798,685        131,149,126  

International MidCap Dividend Fund

     10,143,214        37,115,102        47,258,316  

 

112   WisdomTree Trust


Notes to Financial Statements (continued)

 

       
Fund    Short-Term      Long-Term      Capital Loss
Available Total
 

International Multifactor Fund

   $ 3,958,047      $      $ 3,958,047  

International Quality Dividend Growth Fund

     62,452,880        5,560,158        68,013,038  

International SmallCap Dividend Fund

     243,066,659        185,542,720        428,609,379  

Japan SmallCap Dividend Fund

     71,569,093        55,389,656        126,958,749  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year. At March 31, 2024, the Funds did not have any post-October capital losses or late year ordinary losses to defer.

During the fiscal year ended March 31, 2024, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

   
Fund    Utilized
Capital Loss
Carryforward
 

Europe Quality Dividend Growth Fund

   $ 760,735  

Europe SmallCap Dividend Fund

      

International AI Enhanced Value Fund

     252,964  

International Equity Fund

      

International High Dividend Fund

      

International LargeCap Dividend Fund

      

International MidCap Dividend Fund

      

International Multifactor Fund

      

International Quality Dividend Growth Fund

     1,329,290  

International SmallCap Dividend Fund

      

Japan SmallCap Dividend Fund

      

At March 31, 2024, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind and net operating losses.

 

     
Fund    Total Distributable
Earnings (Loss)
     Paid-in Capital  

Europe Quality Dividend Growth Fund

   $ (1,488,344    $ 1,488,344  

Europe SmallCap Dividend Fund

     (7,454,813      7,454,813  

International AI Enhanced Value Fund

     (475,840      475,840  

International Equity Fund

     (18,605,028      18,605,028  

International High Dividend Fund

     (19,025,540      19,025,540  

International LargeCap Dividend Fund

     (16,070,381      16,070,381  

International MidCap Dividend Fund

     (2,352,112      2,352,112  

International Multifactor Fund

     (1,804,336      1,804,336  

International Quality Dividend Growth Fund

     (13,683,777      13,683,777  

International SmallCap Dividend Fund

     (21,608,464      21,608,464  

Japan SmallCap Dividend Fund

     (21,222,187      21,222,187  

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. As of and during the fiscal year ended March 31, 2024, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Specific to U.S. federal and state taxes, generally, each of the tax years in the four-year period ended March 31, 2024, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions. The open tax years vary by each jurisdiction in which each Fund invests.

As a result of several European Court of Justice (“ECJ”) court cases in certain countries across the European Union (“EU”), certain Funds have filed additional tax reclaims for previously withheld taxes on dividends earned in those countries (“ECJ tax reclaims”). These additional filings are subject to various administrative proceedings by the local jurisdictions’ tax authorities within the EU, as

 

WisdomTree Trust      113  


Notes to Financial Statements (continued)

 

well as a number of related judicial proceedings. Income recognized, if any, for ECJ tax reclaims is reflected as “Other income” in the Statements of Operations and the cost to file these additional ECJ tax reclaims is reflected as “Other fees” in the Statements of Operations. When the ECJ tax reclaim is not “more likely than not” to be sustained assuming examination by tax authorities due to the uncertainty that exists as to the ultimate resolution of these proceedings, the likelihood of receipt of these ECJ tax reclaims, and the potential timing of payment, no amounts are reflected in the financial statements. For U.S. income tax purposes, ECJ tax reclaims received by the Funds, if any, reduce the amounts of foreign taxes Fund shareholders can use as tax credits in their individual income tax returns. In the event that ECJ tax reclaims received by a Fund during the fiscal year exceed foreign withholding taxes paid, and a Fund previously passed foreign tax credits on to its shareholders, a Fund must either amend historic tax reporting to shareholders or enter into a closing agreement with the Internal Revenue Service in order to pay the associated tax liability on behalf of the respective Fund’s shareholders. During the fiscal year ended March 31, 2024, the ECJ tax reclaims received by the Funds, if any, did not exceed the foreign withholding taxes of the respective Funds.

7. SUBSEQUENT EVENTS

WTAM has evaluated all subsequent transactions and events through the date on which these financial statements were issued and has determined that no additional items require disclosure in these financial statements.

8. ADDITIONAL INFORMATION

Russia’s military invasion of Ukraine initiated in February 2022 and the economic and diplomatic responses by the United States and other countries have led to increased volatility and uncertainty in the financial markets and could continue to adversely affect regional and global economies for the foreseeable future. In response to Russia’s actions, the governments of the United States, the European Union, the United Kingdom, and many other countries collectively imposed heavy and broad-ranging economic sanctions on certain Russian individuals, corporate and banking entities, and other industries and businesses. The sanctions restrict companies from doing business with Russia and Russian companies, prohibit transactions with the Russian central bank and other key Russian financial institutions and entities, ban Russian airlines and ships from using many other countries’ airspace and ports, respectively, and place a freeze on certain Russian assets. The sanctions also removed some Russian banks from the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the electronic network that connects banks globally to facilitate cross-border payments. In addition, the United States has banned oil and other energy imports from Russia, as well as other popular Russian exports, such as diamonds, seafood and vodka. The European Union, the United Kingdom and other countries have also placed restrictions on certain oil, energy and luxury goods imports from Russia.

These sanctions, as well as other economic consequences related to the invasion, such as additional sanctions, boycotts, changes in consumer or purchaser preferences, or cyberattacks on governments, companies or individuals, may further decrease the value and liquidity of certain Russian securities as well as securities of issuers in other countries that are subject to or otherwise adversely affected by economic sanctions related to Russia’s invasion of Ukraine, including Russian counter measures. To the extent a Fund has exposure to Russian investments or investments in countries affected by the invasion or the sanctions, the Fund’s ability to price, buy, sell, receive or deliver, or receive dividends and interest payments on such investments may be impaired. In certain circumstances, such as when there is no market for a security or other means of valuing or disposing of a security, a Fund may determine to value the affected security at zero. In addition, any exposure a Fund may have to counterparties in Russia or in countries affected by the invasion could negatively affect the Fund’s portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions are impossible to predict, but could result in continued significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. Further, an escalation of the military conflict beyond Ukraine’s borders could result in significant, long-lasting damage to the economies of Eastern and Western Europe as well as the global economy. These and any related events could significantly and adversely affect a Fund’s performance and the value of an investment in the Fund, even in the absence of direct exposure to Russian issuers or issuers in other countries affected by the invasion.

* * * * * *

Financial markets around the world may experience extreme volatility, depressed valuations, decreased liquidity and heightened uncertainty and turmoil resulting from major cybersecurity events, geopolitical events (including wars, such as Russia’s invasion of Ukraine, terror attacks, and disruptions to foreign economic and trade relationships), public health emergencies, such as the COVID-19 pandemic, measures to address budget deficits, downgrading of sovereign debt, and public sentiment, among other events. Resulting market volatility, dramatic changes to interest rates, and otherwise unfavorable economic conditions may negatively impact Fund performance or impair a Fund’s ability to achieve its investment objective.

In March 2023, the financial distress of certain financial institutions raised economic concerns over disruption in the U.S. banking system and regarding the solvency of certain financial services firms. There can be no certainty that the actions taken by the U.S. government to strengthen public confidence in the U.S. banking system will be effective in mitigating the effects of financial institution failures on the economy and restoring public confidence in the U.S. banking system.

 

114   WisdomTree Trust


Notes to Financial Statements (concluded)

 

In October 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas also launched extensive rocket attacks on the Israeli population and industrial centers located along Israel’s border with the Gaza Strip and in other areas within the State of Israel. Following the attack, Israel’s security cabinet declared war against Hamas, and a military campaign was initiated. These events may result in significant market disruptions and may adversely affect regional and global economies.

* * * * * *

Raising the ceiling on U.S. government debt has become increasingly politicized. Any failure to increase the total amount that the U.S. government is authorized to borrow could lead to a default on U.S. government obligations, with unpredictable consequences for economies and markets in the U.S. and elsewhere. On August 1, 2023, Fitch Ratings, Inc. downgraded its U.S. debt rating from the highest AAA rating to AA+, citing “a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions”. The impacts, if any, of the downgrade on financial markets are unknown at this time. The downgrade has potential market impacts, including but not limited to, steep stock market declines and rising bond yields.

 

WisdomTree Trust      115  


Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree Europe Quality Dividend Growth Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree International Al Enhanced Value Fund, WisdomTree International Equity Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International Multifactor Fund, WisdomTree International Quality Dividend Growth Fund, WisdomTree International SmallCap Dividend Fund and WisdomTree Japan SmallCap Dividend Fund, and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Europe Quality Dividend Growth Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree International Al Enhanced Value Fund, WisdomTree International Equity Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International Multifactor Fund, WisdomTree International Quality Dividend Growth Fund, WisdomTree International SmallCap Dividend Fund and WisdomTree Japan SmallCap Dividend Fund (collectively referred to as the “Funds”), (eleven of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2024, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (eleven of the funds constituting WisdomTree Trust) at March 31, 2024, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and their financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2024, by correspondence with the custodian, brokers and others; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, New York

May 30, 2024

 

116   WisdomTree Trust


Liquidity Risk Management Program (unaudited)

 

The Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule”) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor to the Funds, as the Program Administrator for each Fund’s Program.

The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-ended fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.

The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.

Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.

During the period from January 1, 2023 to December 31, 2023, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.

Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Funds maintain sufficient highly liquid assets to meet Fund redemptions.

 

WisdomTree Trust      117  


Trustees and Officers Information (unaudited)

 

Name

and Year of Birth

of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other
Directorships
Held by Trustee

Trustees Who Are Interested Persons of the Trust

Jonathan Steinberg

(1964)

  Trustee, 2005-present; President, 2005-present   Chief Executive Officer of WisdomTree and WisdomTree Asset Management since 2005; President of WisdomTree and WisdomTree Asset Management from 2012 to 2019.     77     Director, WisdomTree and WisdomTree Asset Management.

Trustees Who Are Not Interested Persons of the Trust

David G. Chrencik1

(1948)

  Trustee, 2014-present   Chief Financial Officer of Sarus Indochina Select LP (a hedge fund) from 2012 to 2022.     77     None

Phillip Goff2

(1963)

  Trustee, 2024-present   Private Investor from 2017 to present; Trustee of RBC Funds Trust from 2020 to 2024; Senior Vice President/ Corporate Controller and Funds Treasurer at TIAA from 2006 to 2017.     77     None

Joel Goldberg3,4

(1945)

  Trustee, 2012-present   Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     77     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid- Hudson Region).

Toni Massaro4

(1955)

  Trustee, 2006-present   Regents Professor of Law Emerita since 2024; Executive Director of the Agnese Nelms Haury Program since 2021; Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) from 2009 to 2024 (distinguished Emerita in July 2009); Dean of the Rogers College of Law from 1999 to 2009; Regents Professor since 2006; Milton O. Riepe Chair in Constitutional Law from 1997 to 2022; Professor at the Rogers College of Law from 1990 to 2024.     77     None
Melinda A.
Raso Kirstein5
(1955)
  Trustee, 2014-present   Retired since 2004; Vice President, Senior Portfolio Manager, Fixed Income Management, and Director of Tax Exempt Fund Management at Merrill Lynch Investment Management from 1982 to 2004.     77     Associate Alumnae of Douglass College, Chair of Investment Committee.

Victor Ugolyn

(1947)

  Trustee, 2006-present; Chairman of the Board, 2006-present   Private Investor from 2005 to present; President and Chief Executive Officer at William D. Witter, Inc. from 2005 to 2006; Chairman of MONY Securities Corporation, and Chairman, President and Chief Executive Officer at Enterprise Capital Management from 1999 to 2004.     77     None

 

 

118   WisdomTree Trust


Trustees and Officers Information (unaudited) (concluded)

 

Name

and Year of Birth

of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other
Directorships
Held by Trustee

Officers of the Trust

Jonathan Steinberg

(1964)

  President, 2005-present; Trustee, 2005-present   Chief Executive Officer of WisdomTree and WisdomTree Asset Management since 2005; President of WisdomTree and WisdomTree Asset Management from 2012 to 2019.     77     See Interested Trustees Table Above.

David Castano*

(1971)

  Treasurer, 2013-present   Head of Fund Accounting & Administration at WisdomTree Asset Management since 2020; Director of Fund Accounting & Administration at WisdomTree Asset Management from 2011 to 2020.     77     None

Terry Jane Feld*

(1960)

  Chief Compliance Officer, 2012-present   Head of U.S. Compliance at WisdomTree Asset Management since 2022; Chief Compliance Officer at WisdomTree Asset Management since 2012.     77     None

Joanne Antico*

(1975)

  Chief Legal Officer and Secretary, 2021-present   General Counsel at WisdomTree Asset Management since 2021; Assistant General Counsel at WisdomTree Asset Management from 2016 to 2021; Executive Director and Assistant Secretary at Morgan Stanley Investment Management Inc. from 2005 to 2016.     77     None

Clint Martin*

(1977)

  Assistant Treasurer, 2015-present   Director of Fund Accounting & Administration at WisdomTree Asset Management since 2020; Fund Manager, Fund Accounting & Administration at WisdomTree Asset Management from 2012 to 2020.     77     None

Angela Borreggine*

(1964)

  Assistant Secretary, 2022-present   Assistant General Counsel at WisdomTree Asset Management since 2022; Vice President and Senior Counsel at Virtus Investment Partners from 2021 to 2022; Secretary and Chief Legal Officer at Allianz Global Investors family of funds from 2016 to 2021 and of The Korea Fund, Inc. from 2016 to 2020; Director, Senior Counsel at Allianz Global Investors from 2007 to 2021.     77     None

TJ Darnowski*

(1984)

  Assistant Secretary, 2021-present   Senior Investment Management Paralegal at WisdomTree Asset Management since 2021; Senior Legal Administrator at Ultimus Fund Solutions from 2019 to 2021; Assistant Vice President at State Street Bank & Trust Company from 2010 to 2019.     77     None

Sherry Scarvey*

(1967)

  Assistant Secretary, 2023-present   Senior Investment Management Paralegal at WisdomTree Asset Management since 2023; Senior Legal Analyst at Eagle Point Credit Management, LLC from 2021 to 2023; Senior Legal Analyst at Jennison & Associates LLC from 2019 to 2021; Senior Legal Specialist at Legg Mason & Co. LLC from 2005 to 2019.     77     None

 

+

As of March 31, 2024.

 

1 

Chair of the Audit Committee.

 

2 

Appointed to the Board on February 27, 2024.

 

3 

Chair of the Contracts Review Committee.

 

4 

Co-Chair of the Governance, Nominating and Compliance Committee.

 

5 

Chair of the Investment Committee.

 

*

Elected by and serves at the pleasure of the Board.

 

WisdomTree Trust      119  


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2024, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2025.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2024, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

Europe Quality Dividend Growth Fund

   $ 1,606,772  

Europe SmallCap Dividend Fund

     7,680,813  

International AI Enhanced Value Fund

     2,213,318  

International Equity Fund

     19,029,394  

International High Dividend Fund

     14,185,437  

International LargeCap Dividend Fund

     15,467,029  

International MidCap Dividend Fund

     3,457,039  

International Multifactor Fund

     777,186  

International Quality Dividend Growth Fund

     17,820,117  

International SmallCap Dividend Fund

     42,684,784  

Japan SmallCap Dividend Fund

     5,832,894  

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2024. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
     Foreign Taxes
Paid
 

Europe Quality Dividend Growth Fund

   $ 1,702,084      $ 138,772  

Europe SmallCap Dividend Fund

     9,975,927        487,298  

International AI Enhanced Value Fund

     3,129,992        158,908  

International Equity Fund

     23,642,397        1,465,445  

International High Dividend Fund

     21,710,315        993,286  

International LargeCap Dividend Fund

     20,915,587        1,128,133  

International MidCap Dividend Fund

     5,186,005        267,526  

International Multifactor Fund

     1,534,208        80,522  

International Quality Dividend Growth Fund

     18,687,802        1,508,000  

International SmallCap Dividend Fund

     49,213,088        3,921,782  

Japan SmallCap Dividend Fund

     5,969,964        599,880  

 

120   WisdomTree Trust


General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. 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/investments.

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/investments.

 

WisdomTree Trust      121  


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, 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, Inc., 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.

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. 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. Dividends are not guaranteed, and a company currently paying dividends may cease paying dividends at any time. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.


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WisdomTree Trust

Annual Report

March 31, 2024

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

WisdomTree Japan Hedged Equity Fund (DXJ)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

 


Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       3  

Management’s Discussion of Funds’ Performance (unaudited)

       4  

Description of Terms and Indexes (unaudited)

       9  
Schedules of Investments     

WisdomTree Europe Hedged Equity Fund

       12  

WisdomTree Europe Hedged SmallCap Equity Fund

       15  

WisdomTree International Hedged Quality Dividend Growth Fund

       19  

WisdomTree Japan Hedged Equity Fund

       27  

WisdomTree Japan Hedged SmallCap Equity Fund

       34  

Statements of Assets and Liabilities

       43  

Statements of Operations

       44  

Statements of Changes in Net Assets

       45  

Financial Highlights

       47  

Notes to Financial Statements

       50  

Report of Independent Registered Public Accounting Firm

       63  

Liquidity Risk Management Program (unaudited)

       64  

Trustees and Officers Information (unaudited)

       65  

Supplemental Information (unaudited)

       67  

General Information (unaudited)

       68  

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


Market Environment Overview

(unaudited)

 

Developed international equity markets, as measured by the MSCI EAFE Index, returned 15.32% in U.S. dollar (“USD”) terms during the 12-month fiscal period ending March 31, 2024 (the “period”).

Most developed market currencies modestly weakened versus the USD during the period, as higher interest rates in the U.S. relative to the rest of developed world lent support to the USD at the expense of other currencies. The euro slightly weakened against the USD during the period by -0.45%, while the Australian dollar, New Zealand dollar and Norwegian krone suffered a bit more, falling between 2.45-4.44% apiece. The most pronounced decline was in the Japanese yen (“JPY”), which remains suppressed by the Bank of Japan’s commitment to accommodative monetary policy in an effort to stimulate economic growth. Low interest rates in Japan caused the JPY to weaken by more than 12% versus the USD. The two currency exceptions that strengthened versus the USD were the British pound sterling (“GBP”) and Swiss franc (“CHF”), which appreciated by 2.32% and 1.54%, respectively. The GBP’s movement was the result of relatively aggressive interest rate hikes by the Bank of England, while the CHF likely benefited from its status as a global safe-haven currency.

Similar to the rest of the world, developed international equity markets continued to combat high inflation for most of the period. Most central banks continued to raise interest rates and then pause their policy activity to assess the effects of tighter monetary policy on the economy. Markets fluctuated during the first seven months of the period (April through October 2023) before ultimately delivering the entirety of their gains in the latter five months. Investors propelled markets higher as economic data releases continued to show progress in combating inflation without adversely affecting the labor markets. As it became clear that a “soft economic landing” could be attained, equity markets rallied.

During the first quarter of the period, from April to June 2023, the MSCI EAFE Index returned 2.95% in USD terms. As the most influential central bank in the developed international universe, the European Central Bank (“ECB”) steadily raised its benchmark refinancing rate in 25 basis point increments, beginning the period at 3.5% and ending it at 4%. The policy tightening continued despite initial declines in European Monetary Union Index of Consumer Price inflation, which fell from about 7% to 5.5% year-over-year during the period. Inflation readings simply remained too high for investors to believe that the rate hike campaign could be ended early, and markets fluctuated before ending the quarter in slightly positive territory. Economic growth was flat during the quarter, only growing by 0.2% compared to the prior quarter. Currency performance was mixed during these three months with only the JPY making outsized moves versus the USD, weakening by about 8%. Earnings for the MSCI EAFE Index grew 18% during the quarter.

The second quarter of the period, July to September 2023, was poor for developed equity markets, as the MSCI EAFE Index fell over 4% in USD terms. As the largest equity region within the developed international equity universe, real Gross Domestic Product (“GDP”) in Europe fell 0.1% quarter-over-quarter despite continued disinflation, from 5.5% to 4.3% year-over-year. The ECB continued to raise rates in two 25 basis point increments, ending the quarter at 4.5%. This contributed to relatively poor sentiment in the region and prompted a slight equity market selloff. Virtually all the European currencies, plus the others in the developed market universe within the G10, weakened versus the USD by about 2% to 4%. Earnings growth exacerbated the declines in equity markets, falling nearly 19% during the three-month period.

Markets finally rebounded during the third quarter of the period, October to December 2023, as the MSCI EAFE Index rallied 10.42% in USD terms. Every G10 currency strengthened significantly versus the USD during this quarter, as U.S. investors began to anticipate a pivot to rate cuts in 2024. This put new pressure on the USD and bolstered the developed international currencies that had been relatively weak for most of the year. The ECB finally paused its rate hike campaign during the quarter to assess the economic impact of its policy activity. It opted to hold rates at 4.5%, which is where they remain as of the date of this report. Inflation fell to under 3% year-over-year, which

 

WisdomTree Trust      1  


Market Environment Overview

(unaudited) (concluded)

 

provided investors with renewed optimism. Despite the positive signs in the inflation battle, the economy stalled during the quarter with real GDP registering 0% growth quarter-over-quarter. Markets mostly shrugged off a slight decline in company profits during the quarter, with the MSCI EAFE Index registering a 1.7% decline in earnings.

Optimism from the end of 2023 continued into the first quarter of 2024, the final quarter of the period. Disinflation continued in Europe, falling slightly from 2.9% down to 2.4% through March, as the ECB maintained its pause on rate hikes. At 4.5%, rates have not been this high since mid-2001. Markets began to believe the end of the fight against inflation was in sight, and the MSCI EAFE Index returned 5.78% in USD terms. Despite a rebound in developed market currencies in the prior quarter, they resumed their decline against the USD during these three months as investors began to believe that international central banks would have to cut rates more quickly and in greater magnitude than the Federal Reserve in the U.S. This assumed policy rate gap once again weighed on international currencies and supported USD strength. As of the date of this report, GDP growth for the Eurozone is not yet available.

Entering the new period, developed equity markets remain fixated on the future path of monetary policy. Much like in the U.S., each country or region’s individual economic data releases will have significant implications for the direction of equity markets based on their immediate impact to policy rate setting. They may likely require both rate cuts and stronger economic growth than what has been observed in the last 12 months to generate prolonged growth in the equity market.

Each WisdomTree Fund’s performance as set forth in “Management’s Discussion of Funds’ Performance” in the pages that follow should also be viewed in light of the foregoing market performance.

 

2   WisdomTree Trust


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 net asset value (“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 exchange traded funds (“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. For the most recent month-end performance information visit www.wisdomtree.com/investments.

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.

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2023 to March 31, 2024. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/366 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      3  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    26.4%  

Industrials

    18.6%  

Financials

    15.2%  

Consumer Staples

    12.3%  

Information Technology

    9.4%  

Health Care

    6.3%  

Communication Services

    5.3%  

Materials

    4.6%  

Energy

    0.8%  

Utilities

    0.3%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Stellantis NV

    9.7%  

Banco Bilbao Vizcaya Argentaria SA

    7.9%  

ASML Holding NV

    4.8%  

Siemens AG, Registered Shares

    3.8%  

Mercedes-Benz Group AG

    3.4%  

LVMH Moet Hennessy Louis Vuitton SE

    3.3%  

Bayerische Motoren Werke AG

    3.2%  

Deutsche Telekom AG, Registered Shares

    3.0%  

Banco Santander SA

    3.0%  

L’Oreal SA

    2.9%  
*

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

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

The Fund returned 21.64% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Positions in the Information Technology and Financials sectors were additive, mainly due to strong stock selection in the former and positive allocation effects in the latter. Energy and Consumer Staples sectors were the main detractors due to slightly negative effects from stock selection. The Fund outperformed the MSCI European Economic and Monetary Union (EMU) Local Currency Index during the period, illustrating the success of the Fund’s tilt toward export-oriented companies. The euro slightly depreciated versus the U.S. dollar during the period, so the Fund’s static euro hedge also modestly enhanced returns.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,221.80        0.64   $ 3.55  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.80        0.64   $ 3.23  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.22 and $2.93, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       21.64      12.98      11.49      9.30

Fund Market Price Returns

       21.84      13.03      11.53      9.31

WisdomTree Europe Hedged Equity Index

       21.74      13.28      11.90      9.70

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

       16.70      8.71      9.21      7.11

 

LOGO

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


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    23.6%  

Financials

    20.1%  

Materials

    11.7%  

Utilities

    9.1%  

Consumer Discretionary

    7.3%  

Real Estate

    7.0%  

Information Technology

    5.7%  

Communication Services

    4.5%  

Consumer Staples

    4.2%  

Energy

    3.4%  

Health Care

    2.4%  

Other Assets less Liabilities‡

    1.0%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Banca Mediolanum SpA

    2.5%  

Rexel SA

    2.4%  

Banco BPM SpA

    2.3%  

HochTief AG

    1.8%  

Klepierre SA

    1.7%  

BE Semiconductor Industries NV

    1.7%  

Italgas SpA

    1.4%  

BAWAG Group AG

    1.4%  

Merlin Properties Socimi SA

    1.4%  

La Francaise des Jeux SAEM

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

The Fund returned 17.76% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Positions in the Consumer Discretionary, Financials and Utilities sectors were additive, mainly due to strong stock selection in each. Health Care and Industrials sectors were the main detractors due to outsized negative effects from stock selection. Across dividend yield quintiles, all five had positive impacts on Fund performance due to a mix of allocation and stock selection effects throughout the group. The euro slightly depreciated versus the U.S. dollar during the period, so the Fund’s static euro hedge also modestly enhanced returns.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,167.40        0.60   $ 3.25  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.00        0.60   $ 3.03  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.14 and $2.93, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       17.76      8.18      8.90      8.32

Fund Market Price Returns

       17.76      8.29      8.97      8.24

WisdomTree Europe Hedged SmallCap Equity Index

       18.02      8.27      9.09      8.44

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

       9.23      2.85      7.53      7.01
1 

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

 

LOGO

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  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

 

Sector Breakdown

 

Sector    % of Net Assets  

Consumer Discretionary

     21.0

Health Care

     18.3

Industrials

     17.8

Information Technology

     12.7

Materials

     9.6

Consumer Staples

     7.9

Financials

     4.8

Communication Services

     3.1

Utilities

     1.9

Real Estate

     1.0

Energy

     0.9

Investment Company

     0.1

Other Assets less Liabilities‡

     0.9

Total

     100.0

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description    % of Net Assets  

LVMH Moet Hennessy Louis Vuitton SE

     4.9

Industria de Diseno Textil SA

     4.9

ASML Holding NV

     4.0

AstraZeneca PLC

     3.2

Novartis AG, Registered Shares

     3.1

Novo Nordisk AS, Class B

     3.0

Roche Holding AG, Bearer Shares

     2.9

Deutsche Post AG, Registered Shares

     2.6

Tokyo Electron Ltd.

     2.5

UBS Group AG, Registered Shares

     2.5
*

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

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

 

The Fund returned 19.09% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in Information Technology, Health Care, and Real Estate sectors primarily due to stock selection in each. Industrials and Financials sectors were the two most significant detractors due to poor stock selection in the former and a blend of poor stock selection and negative allocation effects in the latter. Across countries, Spain, Hong Kong and Australia were additive all due to stock selection. France and Japan were the two greatest detractors mainly due to poor stock selection as well. Within return-on-equity (ROE) quintiles, positive performance was driven by the first and fifth quintiles, representing the highest and lowest ROE stocks, respectively. This was primarily due to stock selection in both. The second and fourth quintiles were the worst performing groups due to stock selection in the former and allocation effects in the latter. Among the G10 currencies, which comprise most of the major currencies from the developed international equity market universe, only the British pound and Swiss franc strengthened versus the U.S. dollar during the period. The Fund’s static hedge of those two currencies therefore had a negative performance effect for the Fund. The other currencies, however, all weakened relative to the U.S. dollar and resulted in a performance tailwind. This was most pronounced with the Japanese yen, which depreciated more than 12% during the period, resulting in positive effects from hedging.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,189.70        0.59   $ 3.23  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.05        0.59   $ 2.98  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.18 and $2.93, respectively.

Performance

 

   
     Average Annual Total Return  
     1 Year     3 Year     5 Year     Since
Inception1
 

Fund NAV Returns

    19.09     9.81     12.17     9.90

Fund Market Price Returns

    18.77     9.77     12.17     9.84

WisdomTree International Hedged Quality Dividend Growth Index

    19.84     10.46     12.83     10.57

MSCI EAFE Local Currency Index

    18.82     9.43     9.36     7.71
1 

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

 

LOGO

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


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

Sector Breakdown

 

Sector    % of Net Assets  

Industrials

     24.1

Consumer Discretionary

     19.6

Financials

     15.7

Information Technology

     11.0

Materials

     10.4

Consumer Staples

     7.5

Health Care

     6.4

Communication Services

     2.5

Energy

     1.5

Utilities

     0.2

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 less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Toyota Motor Corp.

    5.7

Mitsubishi UFJ Financial Group, Inc.

    4.7

Mitsubishi Corp.

    3.9

Japan Tobacco, Inc.

    3.8

Shin-Etsu Chemical Co. Ltd.

    2.7

Sumitomo Mitsui Financial Group, Inc.

    2.5

Mizuho Financial Group, Inc.

    2.5

Tokyo Electron Ltd.

    2.2

Tokio Marine Holdings, Inc.

    1.9

Hitachi Ltd.

    1.9
*

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

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

The Fund returned 58.99% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from exposures to all sectors except for Real Estate, Utilities and Materials during the period. Most of the positive sector contributors resulted from positive stock selection. In the three laggards, Real Estate’s underperformance was attributable to poor stock selection. Utilities suffered from a mix of poor allocation and selection effects, and Materials was negatively impacted primarily by poor allocation effects. Across dividend yield quintiles, only the first quintile (representing the highest-yielding stocks) was a detractor, which was due to poor stock selection. The other four positive-contributing quintiles were driven by strong stock selection, with the fifth (lowest-yielding) quintile also getting a boost from positive allocation affects. The Japanese yen was also one of the worst performing global currencies versus the U.S. dollar over the period, declining over 12%. The Fund’s static yen hedge was very additive over the period and enhanced returns.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,257.10        0.48   $ 2.71  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60        0.48   $ 2.43  

Performance

 

   
      Average Annual Total Return  
      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     58.99      25.20      20.13      12.93

Fund Market Price Returns

     57.84      24.73      19.96      12.92

WisdomTree Japan Hedged Equity Index

     60.33      25.90      20.73      13.67

MSCI Japan Local Currency Index

     43.03      15.15      14.73      10.87

 

LOGO

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

 

WisdomTree Trust      7  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    25.2%  

Consumer Discretionary

    16.3%  

Materials

    15.2%  

Information Technology

    14.8%  

Financials

    8.8%  

Consumer Staples

    7.9%  

Health Care

    4.0%  

Real Estate

    2.6%  

Communication Services

    1.9%  

Utilities

    1.2%  

Energy

    0.8%  

Other Assets less Liabilities‡

    1.3%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Horiba Ltd.

    1.2

Daido Steel Co. Ltd.

    0.8

Toyo Tire Corp.

    0.8

Tokyo Seimitsu Co. Ltd.

    0.7

DMG Mori Co. Ltd.

    0.6

Nippon Electric Glass Co. Ltd.

    0.6

Amano Corp.

    0.5

Gunma Bank Ltd.

    0.5

Mitsui Mining & Smelting Co. Ltd.

    0.5

Sangetsu Corp.

    0.5
*

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

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

The Fund returned 43.87% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from exposures to the Industrials sector due to an outsized impact in stock selection. The Real Estate sector also was a strong contributor due to a blend of allocation and stock selection effects. Utilities was the only sector detractor which resulted from poor stock selection effects. Across dividend yield quintiles, all were positive with the exception of the third quintile. These were mostly attributable to highly positive allocation effects. The third quintile’s poor impact was attributable to negative stock selection effects. The Japanese yen was also one of the worst performing global currencies versus the U.S. dollar over the period, declining over 12%. The Fund’s static yen hedge contributed positively over the period and enhanced returns.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,197.50        0.58   $ 3.19  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
      Average Annual Total Return  
      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     43.87      18.36      14.63      12.34

Fund Market Price Returns

     41.98      17.80      14.30      12.24

WisdomTree Japan Hedged SmallCap Equity Index

     44.99      19.00      15.28      13.06

MSCI Japan Small Cap Local Currency Index

     30.08      10.66      10.66      10.28

 

LOGO

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


Description of Terms and Indexes (unaudited)

Below are descriptions of certain terms and of each Index referenced in this report:

Allocation Effect measures an investment manager’s ability to effectively allocate a portfolio’s assets to various segments. A segment refers to assets or securities that are grouped within a certain classification such as sectors, industries, or countries. The allocation effect determines whether the overweighting or underweighting of segments relative to a benchmark contributes positively or negatively to the overall portfolio return. Positive allocation occurs when the portfolio is overweighted in a segment that outperforms the benchmark and underweighted in a segment that underperforms the benchmark. Negative allocation occurs when the portfolio is overweighted in a segment that underperforms the benchmark and underweighted in a segment that outperforms the benchmark.

Growth is generally characterized by higher price levels relative to fundamentals, such as

dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a country’s economic health.

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

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

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

Index is a free float-adjusted market capitalization weighted index that captures small cap representation across the 10 Developed Market countries in the EMU and is calculated in local currency.

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

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

Price-to-earnings (P/E) ratio measures a company’s share price relative to its earnings per share.

Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.

Quintiles refers to separating a universe of companies into five groups of equal size on the basis of dividend yield, price-to-earnings, or return-on-equity, as applicable.

Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.

Selection Effect measures an investment manager’s ability to select securities within a given segment relative to a benchmark. The over or underperformance of the portfolio is weighted by the benchmark weight, therefore, selection is not affected by the investment manager’s allocation to the segment. The weight of the segment in the portfolio determines the size of the effect — the larger the segment, the larger the effect is,

 

WisdomTree Trust      9  


Description of Terms and Indexes (unaudited) (continued)

positive or negative. A positive selection effect occurs when the portfolio return is greater than the benchmark return. Thus, the investment manager made good decisions in selecting securities that, as a whole, outperformed similar securities in the benchmark. A

negative selection effect occurs when the portfolio return is less than the benchmark return. Thus, the investment manager made poor decisions in selecting securities that, as a whole, underperformed similar securities in the benchmark.

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

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

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

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

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

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

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

WisdomTree, 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 is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree has no

 

10   WisdomTree Trust


Description of Terms and Indexes (unaudited) (concluded)

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 is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.

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

* * * * * *

Abbreviations used in the schedules of investments and related tables included in this report are as follows:

 

Currency abbreviations:     
AUD   Australian dollar    ILS   Israeli new shekel     
CHF   Swiss franc    JPY   Japanese yen     
DKK   Danish krone    NOK   Norwegian krone     
EUR   Euro    SEK   Swedish krona     
GBP   British pound    SGD   Singapore dollar     
HKD   Hong Kong dollar    USD   U.S. dollar     
Other abbreviations:                      
CVA   Certificaten Van Aandelen (Certificate of Stock)  

 

 

WisdomTree Trust      11  


Schedule of Investments

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2024

 

 

 

Investments   Shares      Value  
COMMON STOCKS – 99.2%

 

Austria – 0.4%

 

ANDRITZ AG

    114,750      $ 7,163,153  
Belgium – 3.1%

 

Anheuser-Busch InBev SA

    552,826        33,709,558  

Azelis Group NV

    92,406        1,955,052  

Barco NV

    63,608        1,048,998  

Bekaert SA

    81,764        4,198,025  

Fagron

    23,931        456,431  

Melexis NV

    46,641        3,785,476  

Solvay SA(a)

    143,824        3,929,847  

UCB SA

    83,301        10,292,004  
    

 

 

 
Total Belgium

 

     59,375,391  
China – 0.4%

 

Prosus NV

    234,208        7,354,365  
Finland – 3.7%

 

Cargotec OYJ, Class B

    45,846        3,196,108  

Huhtamaki OYJ(a)

    73,151        3,067,689  

Kemira OYJ

    214,848        4,065,268  

Kone OYJ, Class B

    439,971        20,498,775  

Konecranes OYJ

    110,122        5,721,807  

Metso OYJ(a)

    672,577        7,993,846  

Nokia OYJ

    3,991,176        14,185,756  

Valmet OYJ(a)

    260,878        6,871,839  

Wartsila OYJ Abp(a)

    350,118        5,327,815  
    

 

 

 
Total Finland

 

     70,928,903  
France – 23.8%

 

Accor SA(a)

    56,854        2,658,720  

Air Liquide SA(a)

    138,626        28,871,247  

Airbus SE(a)

    106,535        19,642,666  

Arkema SA

    27,839        2,932,649  

BioMerieux

    10,366        1,144,717  

Bureau Veritas SA

    227,964        6,962,567  

Cie Generale des Etablissements Michelin SCA(a)

    409,542        15,710,685  

Cie Plastic Omnium SE

    48,741        635,895  

Danone SA

    339,814        21,979,576  

Dassault Aviation SA

    12,773        2,814,147  

Dassault Systemes SE

    69,277        3,070,578  

Eramet SA(a)

    15,080        1,147,377  

EssilorLuxottica SA

    81,933        18,555,857  

Gaztransport & Technigaz SA(a)

    10,423        1,559,072  

Hermes International SCA(a)

    10,084        25,767,441  

Imerys SA(a)

    53,608        1,828,376  

Interparfums SA

    23,568        1,328,669  

Ipsen SA

    8,408        1,001,595  

IPSOS SA(a)

    12,037        849,547  

Kering SA(a)

    38,536        15,247,075  

L’Oreal SA(a)

    116,249        55,072,029  

Lectra(a)

    5,630        196,701  

Legrand SA

    85,945        9,116,839  

LVMH Moet Hennessy Louis Vuitton SE(a)

    69,548        62,620,736  

Neoen SA(a)(b)

    8,685        246,126  

Nexans SA

    13,136        1,374,709  

Pernod Ricard SA(a)

    68,345      $ 11,068,198  

Publicis Groupe SA(a)

    144,481        15,767,788  

Remy Cointreau SA(a)

    10,054        1,014,601  

Rubis SCA

    142,277        5,030,801  

Safran SA

    55,554        12,602,646  

Sanofi SA

    505,232        49,632,371  

Schneider Electric SE(a)

    180,195        40,800,109  

SCOR SE

    86,175        2,984,723  

SEB SA

    12,495        1,600,459  

Societe BIC SA

    20,242        1,447,222  

Sodexo SA

    29,978        2,573,263  

Technip Energies NV

    43,024        1,087,767  

Teleperformance SE(a)

    19,681        1,914,694  

Valeo SE(a)

    74,713        935,198  

Vicat SACA

    23,123        912,757  
    

 

 

 
Total France

 

     451,708,193  
Germany – 24.0%

 

AIXTRON SE

    10,266        271,638  

Bayer AG, Registered Shares

    534,276        16,404,623  

Bayerische Motoren Werke AG

    519,455        60,005,775  

Beiersdorf AG

    19,169        2,793,805  

Brenntag SE

    40,594        3,423,146  

Continental AG

    42,479        3,069,192  

Daimler Truck Holding AG

    337,849        17,134,619  

Deutsche Telekom AG, Registered Shares

    2,374,119        57,691,087  

Duerr AG

    21,529        498,043  

Elmos Semiconductor SE

    1,662        132,648  

Evonik Industries AG

    296,934        5,876,620  

Fresenius Medical Care AG

    97,573        3,756,755  

GEA Group AG

    52,129        2,206,370  

Hannover Rueck SE

    48,710        13,346,344  

Heidelberg Materials AG

    103,073        11,348,955  

Henkel AG & Co. KGaA

    73,247        5,281,167  

HochTief AG

    45,048        5,239,803  

Hugo Boss AG

    15,738        928,378  

Infineon Technologies AG

    140,286        4,774,802  

Jenoptik AG

    6,237        193,996  

K & S AG, Registered Shares

    107,348        1,676,432  

Knorr-Bremse AG

    40,760        3,085,858  

Krones AG

    6,136        813,118  

Lanxess AG

    41,114        1,101,641  

Mercedes-Benz Group AG

    819,447        65,322,048  

Merck KGaA

    19,468        3,439,762  

MTU Aero Engines AG

    9,527        2,420,010  

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares

    59,168        28,902,619  

Puma SE

    19,649        891,703  

SAP SE

    184,590        35,975,997  

Siemens AG, Registered Shares

    382,714        73,143,069  

Siemens Healthineers AG*(b)

    217,898        13,347,907  

Siltronic AG

    10,940        971,209  

Stabilus SE

    9,626        613,369  

Symrise AG

    14,094        1,688,828  

Talanx AG

    118,148        9,365,828  
    

 

 

 
Total Germany

 

     457,137,164  

 

See Notes to Financial Statements.

 

12   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2024

 

 

 

Investments   Shares      Value  
Ireland – 0.5%

 

Glanbia PLC(a)

    197,942      $ 3,907,850  

Kerry Group PLC, Class A

    58,190        4,992,422  
    

 

 

 
Total Ireland

 

     8,900,272  
Italy – 3.1%

 

Brembo SpA

    288,553        3,699,134  

Brunello Cucinelli SpA(a)

    17,376        1,989,204  

Carel Industries SpA(a)(b)

    19,668        432,263  

Davide Campari-Milano NV(a)

    155,418        1,563,368  

DiaSorin SpA(a)

    17,231        1,665,548  

Ferrari NV

    37,623        16,415,666  

Intercos SpA(a)

    45,524        659,807  

Leonardo SpA

    190,442        4,788,169  

Maire Tecnimont SpA

    302,226        2,371,325  

Moncler SpA

    125,850        9,402,807  

Piaggio & C SpA

    949,495        3,006,633  

Prysmian SpA

    157,854        8,249,639  

Reply SpA

    9,449        1,338,885  

Salvatore Ferragamo SpA(a)

    81,662        993,957  

Webuild SpA(a)

    772,970        1,871,639  
    

 

 

 
Total Italy

 

     58,448,044  
Netherlands – 16.2%

 

Aegon Ltd.(a)

    2,541,134        15,505,998  

Akzo Nobel NV

    118,035        8,818,914  

Arcadis NV

    39,403        2,415,010  

ASM International NV

    7,195        4,397,382  

ASML Holding NV

    94,987        91,527,186  

BE Semiconductor Industries NV

    78,523        12,033,806  

Corbion NV

    42,739        916,239  

Ferrovial SE

    410,130        16,247,053  

Heineken Holding NV

    171,427        13,848,558  

Heineken NV(a)

    292,409        28,213,723  

IMCD NV

    26,535        4,681,251  

JDE Peet’s NV(a)

    299,571        6,296,023  

Koninklijke Ahold Delhaize NV

    1,256,414        37,614,017  

Koninklijke Vopak NV

    169,127        6,526,340  

SBM Offshore NV(a)

    358,653        5,728,836  

Signify NV(b)

    176,194        5,438,474  

Universal Music Group NV

    880,203        26,503,262  

Wolters Kluwer NV

    135,961        21,320,858  
    

 

 

 
Total Netherlands

 

     308,032,930  
Portugal – 0.1%

 

Mota-Engil SGPS SA

    328,439      1,707,948  
Spain – 13.9%

 

Acerinox SA

    379,062        4,161,418  

ACS Actividades de Construccion y Servicios SA

    344,482        14,427,732  

Amadeus IT Group SA

    190,314        12,217,244  

Banco Bilbao Vizcaya Argentaria SA(a)

    12,537,616        149,488,491  

Banco Santander SA

    11,698,024        57,124,020  

CIE Automotive SA

    114,367        3,285,535  

Ebro Foods SA(a)

    69,389        1,157,075  

Elecnor SA

    54,252        1,127,899  

Fluidra SA

    177,027        4,190,866  

Gestamp Automocion SA(b)

    686,102        2,208,151  

Mapfre SA(a)

    5,179,486        13,100,784  

Viscofan SA(a)

    36,574        2,326,545  
    

 

 

 
Total Spain

 

     264,815,760  
Switzerland – 0.3%

 

STMicroelectronics NV

    130,181        5,612,571  
United States – 9.7%

 

Stellantis NV

    6,458,737        183,767,846  

TOTAL COMMON STOCKS

(Cost: $1,403,912,239)

 

 

     1,884,952,540  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.6%

 

United States – 2.6%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(c)

    
(Cost: $49,889,495)     49,889,495        49,889,495  
TOTAL INVESTMENTS IN SECURITIES – 101.8%

 

  

(Cost: $1,453,801,734)

 

     1,934,842,035  

Other Assets less Liabilities – (1.8)%

 

     (34,847,338
    

 

 

 
NET ASSETS – 100.0%

 

   $ 1,899,994,697  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $142,839,982 and the total market value of the collateral held by the Fund was $150,987,241. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $101,097,746.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

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 NA

    4/4/2024       337,472,747       EUR       364,484,066       USD     $ 594     $  

Bank of America NA

    4/4/2024       338,614,474       USD       312,516,358       EUR       1,083,756        

Bank of America NA

    5/6/2024       379,973,138       USD       351,365,000       EUR             (3,624

Barclays Bank PLC

    4/4/2024       337,473,060       EUR       364,484,066       USD       932        

 

See Notes to Financial Statements.

 

WisdomTree Trust      13  


Schedule of Investments (concluded)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2024

 

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

    4/4/2024       338,614,474       USD       312,517,973       EUR     $ 1,082,012     $  

Barclays Bank PLC

    4/4/2024       34,646,775       USD       31,833,666       EUR       265,087        

Barclays Bank PLC

    4/4/2024       9,239,140       USD       8,447,453       EUR       115,538        

Barclays Bank PLC

    5/6/2024       379,973,138       USD       351,365,325       EUR             (3,976

Citibank NA

    4/4/2024       337,475,245       EUR       364,484,064       USD       3,294        

Citibank NA

    5/6/2024       379,973,134       USD       351,366,296       EUR             (5,030

HSBC Holdings PLC

    4/4/2024       338,614,474       USD       312,517,973       EUR       1,082,012        

HSBC Holdings PLC

    4/4/2024       4,619,570       USD       4,269,596       EUR       8,229        

JP Morgan Chase Bank NA

    4/4/2024       30,027,205       USD       27,748,403       EUR       57,770        

Morgan Stanley & Co. International

    4/4/2024       337,475,560       EUR       364,484,066       USD       3,632        

Morgan Stanley & Co. International

    4/4/2024       338,614,474       USD       312,517,685       EUR       1,082,323        

Morgan Stanley & Co. International

    5/6/2024       379,973,138       USD       351,366,299       EUR             (5,030

Royal Bank of Canada

    4/4/2024       337,476,184       EUR       364,484,066       USD       4,306        

Royal Bank of Canada

    4/4/2024       338,614,472       USD       312,517,971       EUR       1,082,012        

Royal Bank of Canada

    5/6/2024       379,973,138       USD       351,367,274       EUR             (6,084

Standard Chartered Bank

    4/4/2024       16,168,495       USD       14,903,363       EUR       72,240        

Standard Chartered Bank

    4/4/2024       11,548,925       USD       10,618,334       EUR       80,681        

Standard Chartered Bank

    4/4/2024       23,097,850       USD       21,153,233       EUR       251,475        
                                            $ 6,275,893     $ (23,744

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted

Prices in

Active

Markets
(Level 1)

    

Other

Significant

Observable

Inputs
(Level 2)

    

Significant

Unobservable

Inputs
(Level 3)

     Total  

Assets:

           

Investments in Securities

           

Common Stocks

   $ 1,884,952,540      $      $      $ 1,884,952,540  

Investment of Cash Collateral for Securities Loaned

            49,889,495               49,889,495  

Total Investments in Securities

   $ 1,884,952,540      $ 49,889,495      $      $ 1,934,842,035  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 6,275,893      $      $ 6,275,893  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (23,744    $      $ (23,744

Total – Net

   $ 1,884,952,540      $ 56,141,644      $      $ 1,941,094,184  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

14   WisdomTree Trust


Schedule of Investments

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%

 

Austria – 5.5%

 

ANDRITZ AG

     6,967      $ 434,908  

BAWAG Group AG*(a)

     9,866        625,465  

CA Immobilien Anlagen AG

     4,653        164,325  

Kontron AG

     4,553        100,508  

Oesterreichische Post AG

     1,841        62,929  

Porr AG

     1,793        27,498  

Schoeller-Bleckmann Oilfield Equipment AG

     954        45,643  

Telekom Austria AG*

     13,428        112,392  

UNIQA Insurance Group AG

     12,004        103,844  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     2,309        72,069  

voestalpine AG

     15,937        447,511  

Wienerberger AG

     6,024        219,640  
     

 

 

 
Total Austria

 

     2,416,732  
Belgium – 5.0%

 

Ackermans & van Haaren NV

     1,016        177,759  

Aedifica SA

     4,700        289,078  

Azelis Group NV

     5,615        118,798  

Barco NV

     4,066        67,055  

Bekaert SA

     4,744        243,572  

bpost SA

     17,801        66,596  

Cofinimmo SA

     4,869        318,929  

Colruyt Group NV

     3,679        170,137  

Econocom Group SA

     12,323        28,281  

Fagron

     1,693        32,290  

Melexis NV

     2,822        229,039  

Recticel SA(b)

     3,030        35,735  

Warehouses De Pauw CVA

     12,137        346,837  

Xior Student Housing NV(b)(c)

     3,145        95,105  
     

 

 

 
Total Belgium

 

     2,219,211  
Denmark – 0.1%

 

Cementir Holding NV

     5,422        61,368  
Finland – 9.0%

 

Aktia Bank OYJ

     2,796        30,257  

Cargotec OYJ, Class B

     2,727        190,110  

Citycon OYJ*(b)

     23,207        95,893  

Harvia OYJ(c)

     1,133        46,890  

Huhtamaki OYJ

     4,526        189,804  

Kemira OYJ

     8,908        168,554  

Kesko OYJ, Class B

     25,206        471,357  

Konecranes OYJ

     6,743        350,358  

Marimekko OYJ

     1,920        25,775  

Metsa Board OYJ, Class B(b)

     33,308        252,528  

Metso OYJ

     41,124        488,774  

Musti Group OYJ*

     1,245        33,588  

Orion OYJ, Class B

     6,164        230,137  

Outokumpu OYJ(b)

     40,626        176,821  

Puuilo OYJ

     7,161        76,604  

Sanoma OYJ

     5,049        37,135  

Terveystalo OYJ(a)(b)

     4,553        37,076  

TietoEVRY OYJ(b)

     12,098        256,221  

Tokmanni Group Corp.

     2,622        42,986  

Valmet OYJ(b)

     16,235      427,649  

Wartsila OYJ Abp(b)

     21,372        325,222  
     

 

 

 
Total Finland

 

     3,953,739  
France – 20.5%

 

Alten SA

     678        98,999  

Antin Infrastructure Partners SA

     3,060        44,417  

Arkema SA

     4,090        430,854  

Beneteau SACA

     4,369        64,549  

Chargeurs SA

     3,671        47,418  

Cie des Alpes

     3,293        48,012  

Cie Plastic Omnium SE

     7,584        98,944  

Coface SA

     16,138        255,335  

Derichebourg SA

     17,177        81,662  

Elis SA

     12,627        287,199  

Eramet SA

     2,074        157,802  

Etablissements Maurel & Prom SA

     11,395        68,855  

Eurazeo SE

     4,479        393,032  

Fnac Darty SA

     2,426        76,035  

Gaztransport & Technigaz SA

     1,432        214,199  

Imerys SA

     7,048        240,382  

Interparfums SA

     3,140        177,021  

IPSOS SA

     1,755        123,864  

Klepierre SA(b)

     29,608        767,439  

La Francaise des Jeux SAEM(a)

     14,606        595,960  

Lectra

     1,124        39,270  

Mersen SA

     2,005        78,929  

Neoen SA(a)

     1,131        32,052  

Nexans SA

     1,842        192,769  

Quadient SA

     1,691        34,809  

Remy Cointreau SA

     1,279        129,071  

Rexel SA

     38,747        1,047,424  

Rubis SCA

     14,784        522,750  

SCOR SE

     12,423        430,278  

SEB SA

     1,995        255,536  

Societe BIC SA

     2,581        184,531  

Sopra Steria Group

     723        175,220  

SPIE SA

     10,425        392,038  

Technip Energies NV

     6,211        157,031  

Television Francaise 1 SA(b)

     17,052        155,985  

Valeo SE

     10,687        133,771  

Verallia SA(a)

     11,196        435,784  

Vicat SACA

     1,985        78,356  

Wendel SE

     2,733        279,225  
     

 

 

 
Total France

 

     9,026,807  
Germany – 12.2%

 

7C Solarparken AG

     6,668        22,396  

AIXTRON SE

     1,767        46,755  

Aurubis AG

     1,410        99,256  

Bechtle AG

     2,718        143,778  

Bilfinger SE

     1,944        90,909  

CompuGroup Medical SE & Co. KGaA

     1,130        34,806  

CTS Eventim AG & Co. KGaA

     3,656        325,552  

Dermapharm Holding SE

     2,006        70,714  

Deutz AG

     10,185        64,734  

 

See Notes to Financial Statements.

 

WisdomTree Trust      15  


Schedule of Investments (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2024

 

 

 

Investments    Shares      Value  

Duerr AG

     3,491      $ 80,759  

Elmos Semiconductor SE

     288        22,986  

Fielmann Group AG

     2,127        97,767  

Freenet AG

     11,469        323,040  

GEA Group AG

     7,306        309,228  

Gerresheimer AG

     670        75,544  

Hamborner REIT AG

     4,757        35,244  

Hamburger Hafen und Logistik AG*

     2,737        49,069  

Hensoldt AG

     1,512        70,936  

HochTief AG

     6,638        772,105  

Hugo Boss AG

     2,599        153,314  

Instone Real Estate Group SE(a)

     4,176        40,275  

Jenoptik AG

     1,150        35,770  

K & S AG, Registered Shares

     15,963        249,291  

KION Group AG

     1,182        62,271  

Kloeckner & Co. SE

     10,093        73,578  

Krones AG

     849        112,506  

Lanxess AG

     5,836        156,374  

MLP SE

     5,605        33,960  

Mutares SE & Co. KGaA

     1,526        60,814  

Nemetschek SE

     1,042        103,218  

Norma Group SE

     1,515        28,192  

SAF-Holland SE

     4,554        92,907  

Salzgitter AG

     3,666        95,815  

Scout24 SE(a)

     1,774        133,846  

Siltronic AG

     1,517        134,673  

Sixt SE

     2,129        212,572  

Stabilus SE

     1,453        92,585  

Stroeer SE & Co. KGaA

     4,446        270,815  

Suedzucker AG

     13,328        191,299  

thyssenkrupp AG

     20,060        107,761  

United Internet AG, Registered Shares

     6,365        143,396  

Wacker Neuson SE

     3,064        56,784  
     

 

 

 
Total Germany

 

     5,377,594  
Ireland – 0.8%

 

Cairn Homes PLC

     47,220        81,392  

Glanbia PLC

     12,210        241,055  

Origin Enterprises PLC

     8,927        30,370  
     

 

 

 
Total Ireland

 

     352,817  
Italy – 24.2%

 

A2A SpA

     322,362        582,631  

ACEA SpA

     21,283        377,424  

Amplifon SpA(b)

     3,505        127,946  

Anima Holding SpA(a)

     25,930        123,219  

Ariston Holding NV(b)

     4,544        25,544  

Arnoldo Mondadori Editore SpA

     27,172        68,376  

Ascopiave SpA

     15,142        38,676  

Azimut Holding SpA

     13,027        354,261  

Banca Generali SpA

     12,973        515,879  

Banca IFIS SpA

     9,610        188,375  

Banca Mediolanum SpA

     99,812        1,097,373  

Banca Popolare di Sondrio SpA

     35,229        264,048  

Banco BPM SpA

     152,967        1,018,980  

BPER Banca

     77,622      367,183  

Brembo SpA

     19,252        246,803  

Brunello Cucinelli SpA(b)

     1,167        133,598  

Buzzi SpA

     6,978        274,319  

Cairo Communication SpA

     19,183        41,435  

Carel Industries SpA(a)

     1,422        31,253  

Credito Emiliano SpA

     17,041        170,608  

Danieli & C Officine Meccaniche SpA(b)

     1,777        63,140  

Datalogic SpA

     4,958        30,736  

De’ Longhi SpA

     4,746        164,329  

DiaSorin SpA

     1,022        98,786  

El.En. SpA(b)

     3,081        39,065  

Enav SpA(a)

     47,175        197,682  

ERG SpA(b)

     8,603        216,300  

Hera SpA

     97,033        342,263  

Intercos SpA

     2,418        35,046  

Interpump Group SpA

     1,803        87,996  

Iren SpA

     104,538        213,835  

Italgas SpA

     108,367        631,996  

Italian Sea Group SpA

     4,586        49,826  

Leonardo SpA

     11,744        295,272  

Maire Tecnimont SpA

     18,720        146,881  

MARR SpA

     3,269        41,589  

OVS SpA(a)

     14,893        39,182  

Piaggio & C SpA

     56,081        177,584  

RAI Way SpA(a)

     19,699        110,417  

Reply SpA

     591        83,742  

Salcef Group SpA

     2,613        64,625  

Salvatore Ferragamo SpA(b)

     5,777        70,315  

Sanlorenzo SpA

     1,005        45,750  

Saras SpA

     149,146        285,430  

SOL SpA(b)

     2,046        73,251  

Spaxs SpA*

     4,866        25,541  

Technogym SpA(a)

     14,654        145,602  

Tinexta SpA

     2,200        45,168  

Unipol Gruppo SpA

     70,902        594,675  

Webuild SpA(b)

     47,174        114,225  

Zignago Vetro SpA

     6,853        98,140  
     

 

 

 
Total Italy

 

     10,676,320  
Netherlands – 6.8%

 

Aalberts NV

     5,713        275,122  

AMG Critical Materials NV

     1,481        33,653  

Arcadis NV(b)

     2,336        143,174  

BE Semiconductor Industries NV(b)

     4,775        731,778  

Brunel International NV

     2,317        25,474  

Corbion NV

     2,820        60,455  

ForFarmers NV(b)

     9,112        25,537  

IMCD NV(b)

     1,623        286,327  

Koninklijke BAM Groep NV

     28,636        108,615  

Koninklijke Heijmans NV

     4,549        84,306  

Koninklijke Vopak NV(b)

     10,327        398,502  

SBM Offshore NV(b)

     21,913        350,021  

Signify NV(a)

     10,636        328,295  

 

See Notes to Financial Statements.

 

16   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2024

 

 

 

Investments    Shares      Value  

Sligro Food Group NV

     2,246      $ 34,008  

Wereldhave NV

     6,321        98,577  
     

 

 

 
Total Netherlands

 

     2,983,844  
Portugal – 2.1%

 

Altri SGPS SA(b)

     23,110        130,535  

Corticeira Amorim SGPS SA(b)

     3,398        36,075  

CTT-Correios de Portugal SA

     7,424        33,114  

Mota-Engil SGPS SA

     20,340        105,772  

Navigator Co. SA

     53,327        233,252  

NOS SGPS SA(b)

     40,230        157,544  

REN – Redes Energeticas Nacionais SGPS SA

     43,214        102,676  

Sonae SGPS SA

     146,891        139,605  
     

 

 

 
Total Portugal

 

     938,573  
Spain – 12.8%

 

Acciona SA

     2,923        356,249  

Acerinox SA

     23,578        258,844  

Almirall SA

     6,415        57,262  

Banco de Sabadell SA

     254,977        400,671  

Bankinter SA(b)

     80,325        588,345  

Cia de Distribucion Integral Logista Holdings SA

     12,865        359,860  

CIE Automotive SA

     3,589        103,105  

Construcciones y Auxiliar de Ferrocarriles SA

     1,543        56,326  

Ebro Foods SA

     1,746        29,115  

Enagas SA(b)

     38,253        568,677  

Ercros SA

     6,333        24,007  

Faes Farma SA

     18,371        62,399  

Fluidra SA(b)

     10,834        256,480  

Gestamp Automocion SA(a)

     33,145        106,674  

Grupo Catalana Occidente SA

     1,784        68,302  

Indra Sistemas SA

     6,956        144,315  

Inmobiliaria Colonial Socimi SA

     35,736        211,886  

Laboratorios Farmaceuticos Rovi SA

     1,902        166,181  

Mapfre SA

     204,994      518,504  

Merlin Properties Socimi SA

     56,200        605,442  

Pharma Mar SA

     586        18,189  

Prosegur Cash SA(a)(b)

     55,552        28,738  

Sacyr SA

     48,784        180,189  

Unicaja Banco SA(a)(b)

     181,012        224,230  

Vidrala SA

     1,102        114,493  

Viscofan SA

     2,239        142,427  
     

 

 

 
Total Spain

 

     5,650,910  

TOTAL COMMON STOCKS

(Cost: $39,817,978)

 

 

     43,657,915  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.3%

 

United States – 11.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(d)

     
(Cost: $4,997,454)      4,997,454        4,997,454  

TOTAL INVESTMENTS IN SECURITIES – 110.3%

(Cost: $44,815,432)

 

 

     48,655,369  

Other Assets less Liabilities – (10.3)%

 

     (4,576,072
     

 

 

 
NET ASSETS – 100.0%

 

   $ 44,079,297  

 

* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $5,482,253 and the total market value of the collateral held by the Fund was $5,794,347. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $796,893.

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

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 NA

    4/4/2024       7,754,446       EUR       8,375,112       USD     $ 14     $  

Bank of America NA

    4/4/2024       8,375,112       USD       7,729,615       EUR       26,805        

Bank of America NA

    5/6/2024       8,801,336       USD       8,138,684       EUR             (84

Barclays Bank PLC

    4/4/2024       7,754,453       EUR       8,375,112       USD       21        

Barclays Bank PLC

    4/4/2024       8,375,112       USD       7,729,655       EUR       26,762        

Barclays Bank PLC

    5/6/2024       8,801,336       USD       8,138,692       EUR             (92

Citibank NA

    4/4/2024       7,754,502       EUR       8,375,110       USD       76        

Citibank NA

    5/6/2024       8,801,332       USD       8,138,711       EUR             (116

HSBC Holdings PLC

    4/4/2024       8,375,112       USD       7,729,655       EUR       26,762        

Morgan Stanley & Co. International

    4/4/2024       7,754,511       EUR       8,375,112       USD       83        

Morgan Stanley & Co. International

    4/4/2024       8,375,112       USD       7,729,648       EUR       26,770        

Morgan Stanley & Co. International

    5/6/2024       8,801,336       USD       8,138,714       EUR             (117

Royal Bank of Canada

    4/4/2024       7,754,525       EUR       8,375,112       USD       99        

Royal Bank of Canada

    4/4/2024       8,375,110       USD       7,729,653       EUR       26,762        

Royal Bank of Canada

    5/6/2024       8,801,336       USD       8,138,737       EUR             (141
                                            $ 134,154     $ (550

 

See Notes to Financial Statements.

 

WisdomTree Trust      17  


Schedule of Investments (concluded)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2024

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 43,657,915      $      $      $ 43,657,915  

Investment of Cash Collateral for Securities Loaned

            4,997,454               4,997,454  

Total Investments in Securities

   $ 43,657,915      $ 4,997,454      $      $ 48,655,369  

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ 134,154      $      $ 134,154  

Liabilities:

 

     

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (550    $      $ (550

Total - Net

   $ 43,657,915      $ 5,131,058      $      $ 48,788,973  

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Schedule of Investments

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2024

 

 

 

Investments   Shares      Value  
COMMON STOCKS – 99.0%

 

Australia – 7.0%

 

Altium Ltd.

    43,365      $ 1,845,160  

ARB Corp. Ltd.(a)

    31,717        855,621  

Aristocrat Leisure Ltd.

    180,697        5,069,129  

Beach Energy Ltd.(a)

    1,438,593        1,722,217  

Brambles Ltd.

    1,012,134        10,664,107  

Breville Group Ltd.(a)

    61,016        1,094,290  

Brickworks Ltd.

    86,113        1,600,010  

CAR Group Ltd.

    195,384        4,599,064  

Champion Iron Ltd.(a)

    364,646        1,762,802  

Charter Hall Group(a)

    578,398        5,188,519  

Cochlear Ltd.

    16,888        3,718,705  

Coles Group Ltd.

    1,390,203        15,364,045  

CSL Ltd.

    121,646        22,849,863  

Dicker Data Ltd.

    141,428        993,722  

Goodman Group

    667,528        14,724,095  

IDP Education Ltd.(a)

    89,198        1,042,814  

Mineral Resources Ltd.(a)

    144,056        6,660,514  

Netwealth Group Ltd.

    130,276        1,795,032  

Pilbara Minerals Ltd.(a)

    4,556,936        11,386,379  

Pinnacle Investment Management Group Ltd.(a)

    248,937        1,888,788  

Pro Medicus Ltd.(a)

    7,995        541,154  

REA Group Ltd.(a)

    32,562        3,940,022  

SEEK Ltd.(a)

    198,000        3,235,839  

Seven Group Holdings Ltd.(a)

    170,865        4,544,727  

Tabcorp Holdings Ltd.

    1,648,282        811,881  

Technology One Ltd.

    111,342        1,232,693  

Wesfarmers Ltd.

    868,512        38,756,617  
    

 

 

 
Total Australia

 

     167,887,809  
Austria – 0.6%

 

Kontron AG

    75,632        1,669,591  

Mondi PLC

    521,035        9,185,145  

Wienerberger AG

    109,862        4,005,656  
    

 

 

 
Total Austria

 

     14,860,392  
Belgium – 0.8%

 

Bekaert SA

    71,132        3,652,144  

D'ieteren Group(a)

    25,527        5,668,219  

Tessenderlo Group SA(a)

    71,191        1,864,492  

UCB SA

    60,394        7,461,799  
    

 

 

 
Total Belgium

 

     18,646,654  
China – 0.4%

 

Prosus NV     287,322        9,022,197  
Denmark – 4.4%

 

Coloplast AS, Class B

    83,549        11,279,387  

Dfds AS

    42,273        1,226,599  

Novo Nordisk AS, Class B

    568,366        72,526,020  

Novonesis (Novozymes) B, Class B

    168,911        9,909,902  

Pandora AS

    43,074        6,950,840  

Royal Unibrew AS

    32,336        2,138,254  
    

 

 

 
Total Denmark

 

     104,031,002  
Finland – 1.1%

 

Metsa Board OYJ, Class B(a)

    604,197      4,580,780  

Orion OYJ, Class B

    72,581        2,709,855  

UPM-Kymmene OYJ

    582,263        19,412,414  
    

 

 

 
Total Finland

 

     26,703,049  
France – 12.0%

 

Airbus SE

    263,837        48,645,629  

Alten SA

    12,670        1,850,023  

Arkema SA

    74,325        7,829,633  

BioMerieux

    18,802        2,076,305  

Carrefour SA

    597,133        10,237,844  

Eramet SA(a)

    37,780        2,874,529  

Gaztransport & Technigaz SA

    30,192        4,516,119  

Hermes International SCA

    15,498        39,601,726  

Interparfums SA

    43,164        2,433,414  

Ipsen SA

    14,658        1,746,119  

Kering SA

    89,860        35,553,825  

La Francaise des Jeux SAEM(b)

    172,197        7,026,050  

LVMH Moet Hennessy Louis Vuitton SE

    130,402        117,413,430  

SEB SA

    30,688        3,930,764  
    

 

 

 
Total France

 

     285,735,410  
Germany – 4.8%

 

AIXTRON SE

    32,411        857,595  

Aurubis AG

    25,157        1,770,912  

Bechtle AG

    45,158        2,388,786  

Bilfinger SE

    35,979        1,682,522  

Carl Zeiss Meditec AG, Bearer Shares

    20,366        2,547,053  

Deutsche Post AG, Registered Shares

    1,459,424        62,913,136  

Fielmann Group AG

    32,474        1,492,661  

Gerresheimer AG

    8,932        1,007,101  

Hugo Boss AG

    26,827        1,582,514  

Knorr-Bremse AG

    99,680        7,546,573  

Merck KGaA

    31,647        5,591,645  

Nemetschek SE

    18,112        1,794,131  

Puma SE

    49,619        2,251,789  

Rheinmetall AG

    17,190        9,672,468  

Siltronic AG

    26,119        2,318,740  

Stroeer SE & Co. KGaA

    59,079        3,598,620  

Symrise AG

    35,664        4,273,474  
    

 

 

 
Total Germany

 

     113,289,720  
Hong Kong – 0.6%

 

Techtronic Industries Co. Ltd.     1,074,500        14,566,560  
Ireland – 0.2%

 

Kerry Group PLC, Class A     61,071        5,239,598  
Israel – 0.5%

 

Hilan Ltd.

    25,528        1,629,076  

Isramco Negev 2 LP

    4,608,621        2,251,667  

Matrix IT Ltd.

    106,818        2,363,367  

Maytronics Ltd.

    65,496        654,120  

Newmed Energy LP

    1,159,534        2,968,068  

Plus500 Ltd.

    144,262        3,289,413  
    

 

 

 
Total Israel

 

     13,155,711  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2024

 

 

 

Investments   Shares      Value  
Italy – 1.5%

 

Amplifon SpA(a)

    33,901      $ 1,237,522  

Brunello Cucinelli SpA

    11,048        1,264,775  

Carel Industries SpA(b)

    14,350        315,384  

Davide Campari-Milano NV(a)

    201,118        2,023,070  

De' Longhi SpA

    74,945        2,594,956  

DiaSorin SpA

    11,511        1,112,653  

Ferrari NV

    24,704        10,778,848  

Moncler SpA

    120,059        8,970,136  

Piaggio & C SpA

    703,683        2,228,254  

Reply SpA

    10,369        1,469,246  

Salcef Group SpA

    50,207        1,241,720  

Salvatore Ferragamo SpA(a)

    86,155        1,048,644  

Technogym SpA(b)

    157,336        1,563,290  
    

 

 

 
Total Italy

 

     35,848,498  
Japan – 15.4%

 

Advantest Corp.

    150,300        6,771,916  

ARE Holdings, Inc.(a)

    109,100        1,392,720  

AZ-COM MARUWA Holdings, Inc.

    49,200        438,865  

BayCurrent Consulting, Inc.

    38,300        752,486  

C Uyemura & Co. Ltd.

    10,900        756,939  

Capcom Co. Ltd.

    152,000        2,807,096  

Casio Computer Co. Ltd.(a)

    186,100        1,593,615  

Daiwabo Holdings Co. Ltd.(a)

    77,500        1,314,753  

Dentsu Soken, Inc.(a)

    26,400        875,668  

Dexerials Corp.

    29,700        1,312,259  

Dip Corp.

    37,800        687,091  

Disco Corp.

    25,800        9,749,262  

FANUC Corp.

    583,800        16,143,269  

Fast Retailing Co. Ltd.

    58,800        18,314,659  

Food & Life Cos. Ltd.

    24,900        473,502  

Fujimi, Inc.(a)

    49,000        1,139,648  

Fujitsu Ltd.(a)

    674,400        11,095,550  

Goldwin, Inc.(a)

    10,900        710,414  

Hoya Corp.

    42,700        5,287,244  

Ibiden Co. Ltd.(a)

    21,500        944,554  

Internet Initiative Japan, Inc.

    64,900        1,216,138  

Kadokawa Corp.(a)

    43,200        756,988  

Kakaku.com, Inc.

    149,691        1,860,938  

Katitas Co. Ltd.(a)

    56,300        743,623  

Keyence Corp.

    29,800        13,692,504  

Kobe Bussan Co. Ltd.

    37,700        930,886  

Koei Tecmo Holdings Co. Ltd.(a)

    196,900        2,107,622  

Lasertec Corp.

    15,800        4,363,805  

M3, Inc.

    88,600        1,251,037  

MEITEC Group Holdings, Inc.

    96,300        1,900,612  

Minebea Mitsumi, Inc.

    173,500        3,382,989  

MISUMI Group, Inc.

    78,000        1,064,257  

Mitsui Chemicals, Inc.(a)

    180,500        5,165,321  

MonotaRO Co. Ltd.

    160,600        1,928,643  

Murata Manufacturing Co. Ltd.

    933,900        17,425,971  

NET One Systems Co. Ltd.

    69,700        1,243,450  

Nextage Co. Ltd.(a)

    24,800        475,861  

NGK Insulators Ltd.

    247,900      3,341,478  

NHK Spring Co. Ltd.

    210,800        2,085,088  

Nihon M&A Center Holdings, Inc.(a)

    272,900        1,779,724  

Nippon Gas Co. Ltd.

    91,800        1,558,559  

Nippon Steel Corp.(a)

    1,202,100        29,134,116  

Nomura Research Institute Ltd.

    179,900        5,043,548  

NSD Co. Ltd.

    61,600        1,211,283  

Obic Co. Ltd.

    28,300        4,258,697  

Oracle Corp.

    46,900        3,549,767  

Organo Corp.

    16,600        844,560  

Pan Pacific International Holdings Corp.

    94,400        2,521,783  

Persol Holdings Co. Ltd.

    2,052,600        2,895,570  

Pilot Corp.

    22,900        602,213  

Relo Group, Inc.

    75,700        622,976  

Sanrio Co. Ltd.

    32,500        654,961  

SG Holdings Co. Ltd.

    390,700        4,912,631  

Shin-Etsu Chemical Co. Ltd.

    1,117,200        48,601,836  

Shinko Electric Industries Co. Ltd.

    42,100        1,562,494  

SMC Corp.

    20,600        11,546,453  

Sysmex Corp.

    108,700        1,911,560  

Taiyo Yuden Co. Ltd.(a)

    77,100        1,846,691  

Takara Bio, Inc.

    84,000        538,373  

Takara Holdings, Inc.(a)

    188,300        1,331,892  

TDK Corp.

    180,700        8,932,021  

TechnoPro Holdings, Inc.

    74,600        1,527,046  

Toei Animation Co. Ltd.(a)

    59,400        1,216,690  

Tokyo Electron Ltd.

    227,900        59,585,735  

Tokyo Ohka Kogyo Co. Ltd.

    62,500        1,890,961  

Tokyo Seimitsu Co. Ltd.

    28,800        2,316,826  

Topcon Corp.

    95,800        1,128,306  

Tosoh Corp.

    363,300        4,949,781  

Ulvac, Inc.

    26,500        1,726,278  

Yaskawa Electric Corp.(a)

    86,700        3,633,672  

ZOZO, Inc.(a)

    173,200        4,355,606  
    

 

 

 
Total Japan

 

     365,691,330  
Netherlands – 8.4%

 

ASM International NV

    7,573        4,628,405  

ASML Holding NV

    99,786        96,151,387  

Corbion NV

    39,511        847,037  

Heineken Holding NV

    180,659        14,594,355  

Heineken NV

    303,474        29,281,354  

SBM Offshore NV(a)

    409,914        6,547,638  

Signify NV(b)

    181,015        5,587,281  

Universal Music Group NV(a)

    917,120        27,614,848  

Wolters Kluwer NV

    94,576        14,831,029  
    

 

 

 
Total Netherlands

 

     200,083,334  
Norway – 0.8%

 

Aker ASA, Class A

    88,632        5,093,934  

Atea ASA*

    161,332        1,930,285  

DNO ASA

    2,811,152        2,526,477  

Kongsberg Gruppen ASA

    117,493        8,117,269  

TOMRA Systems ASA

    159,380        2,490,909  
    

 

 

 
Total Norway

 

     20,158,874  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2024

 

 

 

Investments   Shares      Value  
Singapore – 0.5%

 

Singapore Technologies Engineering Ltd.

    3,104,356      $ 9,246,822  

StarHub Ltd.

    2,290,300        2,002,485  
    

 

 

 
Total Singapore

 

     11,249,307  
Spain – 6.9%

 

CIE Automotive SA

    85,873        2,466,959  

Endesa SA

    2,198,857        40,762,848  

Industria de Diseno Textil SA

    2,296,755        115,764,711  

Laboratorios Farmaceuticos Rovi SA

    23,896        2,087,841  

Viscofan SA

    40,413        2,570,752  
    

 

 

 
Total Spain

 

     163,653,111  
Sweden – 3.6%

 

Alfa Laval AB(a)

    163,405        6,430,693  

Assa Abloy AB, Class B

    514,347        14,772,456  

Billerud Aktiebolag(a)

    323,702        2,906,858  

Evolution AB(b)

    99,608        12,395,339  

Husqvarna AB, Class B(a)

    462,098        3,960,371  

Investment AB Latour, Class B(a)

    281,066        7,399,517  

Lagercrantz Group AB, Class B

    77,654        1,189,582  

Lindab International AB

    65,167        1,401,755  

Mycronic AB

    33,314        1,177,702  

Nibe Industrier AB, Class B(a)

    430,846        2,117,845  

Paradox Interactive AB

    25,095        441,461  

Sandvik AB

    792,787        17,623,915  

Securitas AB, Class B(a)

    521,718        5,384,245  

Skanska AB, Class B(a)

    484,735        8,636,068  
    

 

 

 
Total Sweden

 

     85,837,807  
Switzerland – 13.0%

 

Clariant AG, Registered Shares*(a)

    252,603        3,418,708  

Comet Holding AG, Registered Shares

    4,890        1,705,827  

Givaudan SA, Registered Shares

    4,811        21,451,067  

Huber & Suhner AG, Registered Shares(a)

    15,431        1,305,476  

Logitech International SA, Registered Shares

    60,038        5,383,223  

Novartis AG, Registered Shares

    771,454        74,832,837  

Partners Group Holding AG

    24,105        34,470,123  

Roche Holding AG

    237,716        60,623,254  

Roche Holding AG, Bearer Shares

    33,451        9,024,751  

SFS Group AG

    25,064        3,300,311  

SGS SA, Registered Shares*

    250        24,287  

Sika AG, Registered Shares

    52,090        15,533,889  

Sonova Holding AG, Registered Shares

    20,560        5,960,049  

Stadler Rail AG(a)

    61,597        1,964,101  

Straumann Holding AG, Registered Shares

    18,806        3,006,621  

Swissquote Group Holding SA, Registered Shares

    6,619        1,860,698  

Tecan Group AG, Registered Shares(a)

    2,442        1,013,456  

UBS Group AG, Registered Shares

    1,911,016        58,855,983  

VAT Group AG(b)

    12,868        6,676,159  
    

 

 

 
Total Switzerland

 

     310,410,820  
United Kingdom – 14.1%

 

Admiral Group PLC

    304,761        10,922,147  

Airtel Africa PLC(b)

    3,546,122        4,739,457  

AJ Bell PLC

    341,648        1,305,119  

Ashtead Group PLC

    185,999      13,251,926  

AstraZeneca PLC

    564,604        76,159,335  

Auto Trader Group PLC(b)

    296,974        2,626,817  

Bellway PLC

    170,624        5,742,006  

Britvic PLC

    254,556        2,643,288  

Burberry Group PLC

    268,098        4,108,125  

Bytes Technology Group PLC

    107,745        695,516  

Coats Group PLC

    1,053,176        1,078,974  

Diageo PLC

    1,516,135        56,030,855  

Dr. Martens PLC(a)

    989,487        1,096,848  

Dunelm Group PLC

    186,621        2,668,678  

Greggs PLC

    58,174        2,112,054  

Hays PLC

    2,344,409        2,797,207  

Howden Joinery Group PLC

    444,880        5,096,167  

IMI PLC

    115,662        2,651,897  

Imperial Brands PLC

    1,885,693        42,163,197  

ITV PLC

    7,847,679        7,326,135  

JD Sports Fashion PLC

    869,395        1,477,164  

Kainos Group PLC

    55,199        673,244  

Moneysupermarket.com Group PLC

    603,929        1,676,883  

Next PLC

    78,355        9,138,013  

Redrow PLC

    455,949        3,833,131  

RELX PLC

    893,801        38,660,180  

Renishaw PLC

    44,198        2,372,908  

Rentokil Initial PLC

    1,079,262        6,431,052  

Rightmove PLC

    362,562        2,517,203  

RS Group PLC

    332,589        3,053,600  

Sage Group PLC

    487,434        7,792,328  

Savills PLC

    182,310        2,455,031  

Softcat PLC

    96,109        1,927,986  

Spirax-Sarco Engineering PLC

    32,861        4,171,921  

Telecom Plus PLC

    97,739        2,010,072  

Victrex PLC(a)

    89,782        1,473,288  
    

 

 

 
Total United Kingdom

 

     334,879,752  
United States – 2.4%

 

GSK PLC     2,631,395        56,795,735  

TOTAL COMMON STOCKS

(Cost: $1,886,497,453)

 

 

     2,357,746,670  
EXCHANGE-TRADED FUND – 0.1%

 

United States – 0.1%

 

WisdomTree International Quality Dividend Growth Fund(c)

    
(Cost: $868,179)     30,222        1,150,249  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5%

 

United States – 2.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(d)

    
(Cost: $60,536,579)     60,536,579        60,536,579  
TOTAL INVESTMENTS IN SECURITIES – 101.6%

 

  
(Cost: $1,947,902,211)        2,419,433,498  

Other Assets less Liabilities – (1.6)%

       (38,120,921
    

 

 

 
NET ASSETS – 100.0%            $ 2,381,312,577  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2024

 

 

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $138,461,692 and the total market value of the collateral held by the Fund was $145,579,168. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $85,042,589.

(b) 

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

 

(c) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
   

Change in
Unrealized

Appreciation/

Depreciation

    Value at
3/31/2024
    Dividend
Income
 

WisdomTree International Quality Dividend Growth Fund

  $ 1,023,619     $     $     $     $ 126,630     $ 1,150,249     $ 20,098  

 

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 NA

    4/3/2024       7,982,872       ILS       2,179,080       USD     $     $ (97)  

Bank of America NA

    4/3/2024       10,848,747,423       JPY       71,703,789       USD             (10,621

Bank of America NA

    4/3/2024       3,069,953       SGD       2,274,809       USD       10        

Bank of America NA

    4/3/2024       2,143,254       USD       7,647,848       ILS       55,718        

Bank of America NA

    4/3/2024       70,524,907       USD       10,505,912,031       JPY       1,097,342        

Bank of America NA

    4/3/2024       2,237,409       USD       3,004,467       SGD       11,115        

Bank of America NA

    4/4/2024       49,719,528       AUD       32,437,567       USD       347        

Bank of America NA

    4/4/2024       55,682,406       CHF       61,829,426       USD             (1,373

Bank of America NA

    4/4/2024       136,504,816       DKK       19,765,492       USD       165        

Bank of America NA

    4/4/2024       155,235,339       EUR       167,660,376       USD       273        

Bank of America NA

    4/4/2024       62,003,500       GBP       78,327,285       USD             (944

Bank of America NA

    4/4/2024       42,852,105       NOK       3,950,161       USD             (45

Bank of America NA

    4/4/2024       185,007,702       SEK       17,303,273       USD             (178

Bank of America NA

    4/4/2024       31,904,261       USD       48,950,334       AUD             (31,817

Bank of America NA

    4/4/2024       60,812,888       USD       53,369,877       CHF       1,552,597        

Bank of America NA

    4/4/2024       19,440,527       USD       133,700,047       DKK       80,996        

Bank of America NA

    4/4/2024       164,903,871       USD       152,194,195       EUR       527,785        

Bank of America NA

    4/4/2024       77,039,506       USD       60,892,371       GBP       116,806        

Bank of America NA

    4/4/2024       3,885,217       USD       41,148,547       NOK       92,135        

Bank of America NA

    4/4/2024       17,018,789       USD       175,876,471       SEK       569,705        

Bank of America NA

    4/5/2024       18,148,020       HKD       2,319,020       USD             (48

Bank of America NA

    4/5/2024       2,280,893       USD       17,839,713       HKD       1,317        

Bank of America NA

    5/3/2024       33,270,784       USD       50,956,595       AUD             (1,783

Bank of America NA

    5/3/2024       20,852,846       USD       143,811,006       DKK             (919

Bank of America NA

    5/3/2024       81,293,822       USD       64,342,119       GBP       134        

Bank of America NA

    5/3/2024       2,052,671       USD       7,510,875       ILS       93        

Bank of America NA

    5/6/2024       61,983,226       USD       55,624,429       CHF       194        

Bank of America NA

    5/6/2024       174,042,083       USD       160,938,473       EUR             (1,660

Bank of America NA

    5/6/2024       3,043,639       USD       23,795,255       HKD              

Bank of America NA

    5/6/2024       4,293,017       USD       46,534,123       NOK       41        

Bank of America NA

    5/6/2024       17,659,701       USD       188,579,011       SEK             (216

Bank of America NA

    5/6/2024       2,331,964       USD       3,142,189       SGD       59        

Bank of America NA

    5/7/2024       73,549,742       USD       11,070,538,001       JPY       9,404        

Barclays Bank PLC

    4/1/2024       226,000,000       JPY       1,493,262       USD       15        

Barclays Bank PLC

    4/2/2024       757,938       USD       600,000       GBP             (12

Barclays Bank PLC

    4/3/2024       436,400       HKD       55,759       USD       1        

Barclays Bank PLC

    4/3/2024       7,982,872       ILS       2,179,080       USD             (97

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2024

 

 

 

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

    4/3/2024       10,848,747,423       JPY       71,703,789       USD     $     $ (10,621

Barclays Bank PLC

    4/3/2024       3,069,968       SGD       2,274,809       USD       22        

Barclays Bank PLC

    4/3/2024       2,143,254       USD       7,647,872       ILS       55,712        

Barclays Bank PLC

    4/3/2024       70,524,907       USD       10,505,954,345       JPY       1,097,062        

Barclays Bank PLC

    4/3/2024       2,237,409       USD       3,004,623       SGD       10,999        

Barclays Bank PLC

    4/4/2024       49,719,376       AUD       32,437,567       USD       248        

Barclays Bank PLC

    4/4/2024       55,684,138       CHF       61,829,426       USD       549        

Barclays Bank PLC

    4/4/2024       136,505,212       DKK       19,765,492       USD       222        

Barclays Bank PLC

    4/4/2024       155,235,483       EUR       167,660,376       USD       429        

Barclays Bank PLC

    4/4/2024       62,004,727       GBP       78,327,285       USD       606        

Barclays Bank PLC

    4/4/2024       42,852,105       NOK       3,950,161       USD             (45

Barclays Bank PLC

    4/4/2024       185,011,042       SEK       17,303,273       USD       135        

Barclays Bank PLC

    4/4/2024       31,904,261       USD       48,950,334       AUD             (31,817

Barclays Bank PLC

    4/4/2024       60,812,888       USD       53,371,154       CHF       1,551,179        

Barclays Bank PLC

    4/4/2024       19,440,527       USD       133,700,844       DKK       80,880        

Barclays Bank PLC

    4/4/2024       164,903,871       USD       152,194,981       EUR       526,935        

Barclays Bank PLC

    4/4/2024       77,039,506       USD       60,892,612       GBP       116,502        

Barclays Bank PLC

    4/4/2024       3,885,217       USD       41,150,105       NOK       91,992        

Barclays Bank PLC

    4/4/2024       17,018,789       USD       175,878,517       SEK       569,513        

Barclays Bank PLC

    4/5/2024       18,148,391       HKD       2,319,020       USD             (1

Barclays Bank PLC

    4/5/2024       2,280,893       USD       17,839,713       HKD       1,317        

Barclays Bank PLC

    5/3/2024       33,270,784       USD       50,955,581       AUD             (1,120

Barclays Bank PLC

    5/3/2024       642,293       USD       983,688       AUD             (15

Barclays Bank PLC

    5/3/2024       20,852,846       USD       143,814,134       DKK             (1,373

Barclays Bank PLC

    5/3/2024       402,565       USD       2,776,237       DKK             (12

Barclays Bank PLC

    5/3/2024       81,293,822       USD       64,343,392       GBP             (1,474

Barclays Bank PLC

    5/3/2024       1,569,379       USD       1,242,146       GBP             (22

Barclays Bank PLC

    5/3/2024       2,052,671       USD       7,511,263       ILS             (13

Barclays Bank PLC

    5/3/2024       39,627       USD       145,007       ILS             (1

Barclays Bank PLC

    5/6/2024       61,983,226       USD       55,625,545       CHF             (1,049

Barclays Bank PLC

    5/6/2024       1,196,587       USD       1,073,847       CHF             (15

Barclays Bank PLC

    5/6/2024       174,042,083       USD       160,938,621       EUR             (1,821

Barclays Bank PLC

    5/6/2024       3,359,886       USD       3,106,941       EUR             (54

Barclays Bank PLC

    5/6/2024       3,043,639       USD       23,795,711       HKD             (58

Barclays Bank PLC

    5/6/2024       58,757       USD       459,376       HKD             (1

Barclays Bank PLC

    5/6/2024       4,293,017       USD       46,535,411       NOK             (77

Barclays Bank PLC

    5/6/2024       82,877       USD       898,432       NOK             (7

Barclays Bank PLC

    5/6/2024       17,659,701       USD       188,581,890       SEK             (486

Barclays Bank PLC

    5/6/2024       340,921       USD       3,640,580       SEK             (10

Barclays Bank PLC

    5/6/2024       2,331,964       USD       3,142,352       SGD             (63

Barclays Bank PLC

    5/6/2024       45,019       USD       60,664       SGD             (1

Barclays Bank PLC

    5/7/2024       73,549,742       USD       11,070,611,551       JPY       8,915        

Barclays Bank PLC

    5/7/2024       1,419,879       USD       213,719,448       JPY       165        

Citibank NA

    4/3/2024       7,982,849       ILS       2,179,079       USD             (102

Citibank NA

    4/3/2024       10,848,819,127       JPY       71,703,789       USD             (10,147

Citibank NA

    4/3/2024       3,069,953       SGD       2,274,806       USD       13        

Citibank NA

    4/4/2024       49,719,528       AUD       32,437,567       USD       347        

Citibank NA

    4/4/2024       55,682,714       CHF       61,829,424       USD             (1,030

Citibank NA

    4/4/2024       136,505,389       DKK       19,765,489       USD       251        

Citibank NA

    4/4/2024       155,236,488       EUR       167,660,375       USD       1,515        

Citibank NA

    4/4/2024       62,003,448       GBP       78,327,282       USD             (1,006

Citibank NA

    4/4/2024       42,852,094       NOK       3,950,160       USD             (45

Citibank NA

    4/4/2024       185,007,296       SEK       17,303,269       USD             (212

Citibank NA

    4/5/2024       18,148,336       HKD       2,319,016       USD             (3

Citibank NA

    5/3/2024       33,270,782       USD       50,954,797       AUD             (611

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2024

 

 

 

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 NA

    5/3/2024       20,852,844       USD       143,809,741       DKK     $     $ (738

Citibank NA

    5/3/2024       81,293,820       USD       64,341,863       GBP       456        

Citibank NA

    5/3/2024       2,052,669       USD       7,511,256       ILS             (13

Citibank NA

    5/6/2024       61,983,223       USD       55,624,426       CHF       194        

Citibank NA

    5/6/2024       174,042,080       USD       160,939,065       EUR             (2,304

Citibank NA

    5/6/2024       3,043,636       USD       23,797,666       HKD             (311

Citibank NA

    5/6/2024       4,293,015       USD       46,534,917       NOK             (34

Citibank NA

    5/6/2024       17,659,701       USD       188,578,994       SEK             (215

Citibank NA

    5/6/2024       2,331,964       USD       3,142,352       SGD             (63

Citibank NA

    5/7/2024       73,549,741       USD       11,070,684,950       JPY       8,427        

HSBC Holdings PLC

    4/2/2024       58,456,345       JPY       306,000       GBP             (309

HSBC Holdings PLC

    4/2/2024       279,000,000       JPY       1,844,506       USD             (1,036

HSBC Holdings PLC

    4/3/2024       2,143,254       USD       7,648,043       ILS       55,665        

HSBC Holdings PLC

    4/3/2024       70,524,907       USD       10,505,904,978       JPY       1,097,389        

HSBC Holdings PLC

    4/3/2024       2,237,409       USD       3,004,415       SGD       11,153        

HSBC Holdings PLC

    4/4/2024       31,904,261       USD       48,950,709       AUD             (32,062

HSBC Holdings PLC

    4/4/2024       60,812,888       USD       53,371,762       CHF       1,550,504        

HSBC Holdings PLC

    4/4/2024       19,440,527       USD       133,701,641       DKK       80,765        

HSBC Holdings PLC

    4/4/2024       164,903,871       USD       152,194,981       EUR       526,935        

HSBC Holdings PLC

    4/4/2024       77,039,506       USD       60,892,516       GBP       116,623        

HSBC Holdings PLC

    4/4/2024       3,885,217       USD       41,148,994       NOK       92,094        

HSBC Holdings PLC

    4/4/2024       17,018,789       USD       175,878,122       SEK       569,550        

HSBC Holdings PLC

    4/5/2024       2,280,893       USD       17,839,599       HKD       1,331        

JP Morgan Chase Bank NA

    4/3/2024       84,297       USD       307,897       ILS       254        

JP Morgan Chase Bank NA

    4/3/2024       2,773,841       USD       410,006,653       JPY       64,341        

JP Morgan Chase Bank NA

    4/3/2024       88,000       USD       117,479       SGD       949        

JP Morgan Chase Bank NA

    4/4/2024       1,254,838       USD       1,904,665       AUD       12,200        

JP Morgan Chase Bank NA

    4/4/2024       2,391,854       USD       2,109,261       CHF       49,795        

JP Morgan Chase Bank NA

    4/4/2024       764,622       USD       5,232,554       DKK       6,957        

JP Morgan Chase Bank NA

    4/4/2024       6,485,894       USD       5,952,778       EUR       56,645        

JP Morgan Chase Bank NA

    4/4/2024       3,030,069       USD       2,376,560       GBP       27,864        

JP Morgan Chase Bank NA

    4/4/2024       152,811       USD       1,612,784       NOK       4,144        

JP Morgan Chase Bank NA

    4/4/2024       669,372       USD       6,911,095       SEK       23,002        

JP Morgan Chase Bank NA

    4/5/2024       89,711       USD       701,405       HKD       85        

Morgan Stanley & Co. International

    4/3/2024       7,982,892       ILS       2,179,080       USD             (92

Morgan Stanley & Co. International

    4/3/2024       10,848,784,207       JPY       71,703,789       USD             (10,378

Morgan Stanley & Co. International

    4/3/2024       3,069,968       SGD       2,274,809       USD       22        

Morgan Stanley & Co. International

    4/3/2024       2,143,254       USD       7,647,951       ILS       55,690        

Morgan Stanley & Co. International

    4/3/2024       70,524,907       USD       10,505,947,081       JPY       1,097,110        

Morgan Stanley & Co. International

    4/3/2024       2,237,409       USD       3,004,489       SGD       11,098        

Morgan Stanley & Co. International

    4/4/2024       49,719,452       AUD       32,437,567       USD       297        

Morgan Stanley & Co. International

    4/4/2024       55,683,086       CHF       61,829,426       USD             (618

Morgan Stanley & Co. International

    4/4/2024       136,505,805       DKK       19,765,492       USD       308        

Morgan Stanley & Co. International

    4/4/2024       155,236,633       EUR       167,660,376       USD       1,671        

Morgan Stanley & Co. International

    4/4/2024       62,003,598       GBP       78,327,285       USD             (820

Morgan Stanley & Co. International

    4/4/2024       42,852,176       NOK       3,950,161       USD             (38

Morgan Stanley & Co. International

    4/4/2024       185,007,685       SEK       17,303,273       USD             (179

Morgan Stanley & Co. International

    4/4/2024       31,904,261       USD       48,950,859       AUD             (32,160

Morgan Stanley & Co. International

    4/4/2024       60,812,888       USD       53,371,519       CHF       1,550,774        

Morgan Stanley & Co. International

    4/4/2024       19,440,527       USD       133,703,371       DKK       80,515        

Morgan Stanley & Co. International

    4/4/2024       164,903,871       USD       152,194,841       EUR       527,087        

Morgan Stanley & Co. International

    4/4/2024       77,039,506       USD       60,892,564       GBP       116,562        

Morgan Stanley & Co. International

    4/4/2024       3,885,217       USD       41,149,075       NOK       92,087        

Morgan Stanley & Co. International

    4/4/2024       17,018,789       USD       175,875,280       SEK       569,816        

Morgan Stanley & Co. International

    4/5/2024       18,148,495       HKD       2,319,020       USD       13        

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2024

 

 

 

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

Settlement

Date

   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

   

Unrealized

Appreciation

    Unrealized
Depreciation
 

Morgan Stanley & Co. International

    4/5/2024       2,280,893       USD       17,840,226       HKD     $ 1,251     $  

Morgan Stanley & Co. International

    5/3/2024       33,270,784       USD       50,955,659       AUD             (1,171

Morgan Stanley & Co. International

    5/3/2024       20,852,846       USD       143,811,006       DKK             (919

Morgan Stanley & Co. International

    5/3/2024       81,293,822       USD       64,341,762       GBP       585        

Morgan Stanley & Co. International

    5/3/2024       2,052,671       USD       7,511,181       ILS       10        

Morgan Stanley & Co. International

    5/6/2024       61,983,226       USD       55,625,607       CHF             (1,119

Morgan Stanley & Co. International

    5/6/2024       174,042,083       USD       160,939,068       EUR             (2,304

Morgan Stanley & Co. International

    5/6/2024       3,043,639       USD       23,796,472       HKD             (155

Morgan Stanley & Co. International

    5/6/2024       4,293,017       USD       46,533,600       NOK       90        

Morgan Stanley & Co. International

    5/6/2024       17,659,701       USD       188,578,994       SEK             (215

Morgan Stanley & Co. International

    5/6/2024       2,331,964       USD       3,142,314       SGD             (35

Morgan Stanley & Co. International

    5/7/2024       73,549,742       USD       11,070,516,892       JPY       9,544        

Royal Bank of Canada

    4/3/2024       7,982,914       ILS       2,179,080       USD             (86

Royal Bank of Canada

    4/3/2024       10,848,748,355       JPY       71,703,789       USD             (10,615

Royal Bank of Canada

    4/3/2024       3,069,957       SGD       2,274,809       USD       13        

Royal Bank of Canada

    4/3/2024       2,143,251       USD       7,649,503       ILS       55,264        

Royal Bank of Canada

    4/3/2024       70,524,905       USD       10,505,932,678       JPY       1,097,204        

Royal Bank of Canada

    4/3/2024       2,237,406       USD       3,004,510       SGD       11,080        

Royal Bank of Canada

    4/4/2024       49,719,452       AUD       32,437,567       USD       297        

Royal Bank of Canada

    4/4/2024       55,683,025       CHF       61,829,426       USD             (687

Royal Bank of Canada

    4/4/2024       136,504,342       DKK       19,765,492       USD       96        

Royal Bank of Canada

    4/4/2024       155,236,920       EUR       167,660,376       USD       1,981        

Royal Bank of Canada

    4/4/2024       62,003,549       GBP       78,327,285       USD             (882

Royal Bank of Canada

    4/4/2024       42,852,026       NOK       3,950,161       USD             (52

Royal Bank of Canada

    4/4/2024       185,007,131       SEK       17,303,273       USD             (231

Royal Bank of Canada

    4/4/2024       31,904,260       USD       48,951,759       AUD             (32,748

Royal Bank of Canada

    4/4/2024       60,812,886       USD       53,373,220       CHF       1,548,883        

Royal Bank of Canada

    4/4/2024       19,440,527       USD       133,700,650       DKK       80,909        

Royal Bank of Canada

    4/4/2024       164,903,870       USD       152,194,980       EUR       526,935        

Royal Bank of Canada

    4/4/2024       77,039,502       USD       60,892,176       GBP       117,049        

Royal Bank of Canada

    4/4/2024       3,885,213       USD       41,149,045       NOK       92,085        

Royal Bank of Canada

    4/4/2024       17,018,789       USD       175,877,833       SEK       569,577        

Royal Bank of Canada

    4/5/2024       18,148,449       HKD       2,319,020       USD       7        

Royal Bank of Canada

    4/5/2024       2,280,889       USD       17,840,455       HKD       1,218        

Royal Bank of Canada

    5/3/2024       33,270,784       USD       50,955,659       AUD             (1,171

Royal Bank of Canada

    5/3/2024       20,852,846       USD       143,809,379       DKK             (683

Royal Bank of Canada

    5/3/2024       81,293,822       USD       64,342,017       GBP       263        

Royal Bank of Canada

    5/3/2024       2,052,671       USD       7,511,366       ILS             (41

Royal Bank of Canada

    5/6/2024       61,983,226       USD       55,624,739       CHF             (152

Royal Bank of Canada

    5/6/2024       174,042,083       USD       160,939,514       EUR             (2,787

Royal Bank of Canada

    5/6/2024       3,043,639       USD       23,795,806       HKD             (70

Royal Bank of Canada

    5/6/2024       4,293,017       USD       46,534,299       NOK       25        

Royal Bank of Canada

    5/6/2024       17,659,701       USD       188,580,548       SEK             (360

Royal Bank of Canada

    5/6/2024       2,331,964       USD       3,142,335       SGD             (50

Royal Bank of Canada

    5/7/2024       73,549,742       USD       11,070,612,507       JPY       8,909        

Standard Chartered Bank

    4/2/2024       6,905,815       JPY       70,000       AUD             (38

Standard Chartered Bank

    4/2/2024       33,537,162       JPY       200,000       CHF             (455

Standard Chartered Bank

    4/3/2024       52,686       USD       188,391       ILS       1,263        

Standard Chartered Bank

    4/3/2024       42,149       USD       153,545       ILS       238        

Standard Chartered Bank

    4/3/2024       1,733,651       USD       259,761,424       JPY       17,036        

Standard Chartered Bank

    4/3/2024       1,386,920       USD       209,778,445       JPY       614        

Standard Chartered Bank

    4/3/2024       55,000       USD       73,757       SGD       346        

Standard Chartered Bank

    4/3/2024       44,000       USD       59,215       SGD       122        

Standard Chartered Bank

    4/4/2024       784,274       USD       1,201,964       AUD       91        

Standard Chartered Bank

    4/4/2024       627,419       USD       959,516       AUD       1,413        

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Schedule of Investments (concluded)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2024

 

 

 

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
 

Standard Chartered Bank

    4/4/2024       1,494,909       USD       1,318,484       CHF     $ 30,904     $  

Standard Chartered Bank

    4/4/2024       1,195,927       USD       1,073,260       CHF       4,212        

Standard Chartered Bank

    4/4/2024       477,889       USD       3,274,192       DKK       3,792        

Standard Chartered Bank

    4/4/2024       382,311       USD       2,629,954       DKK       1,498        

Standard Chartered Bank

    4/4/2024       4,053,684       USD       3,727,046       EUR       28,319        

Standard Chartered Bank

    4/4/2024       3,242,947       USD       2,991,353       EUR       12,161        

Standard Chartered Bank

    4/4/2024       1,893,793       USD       1,491,077       GBP       10,180        

Standard Chartered Bank

    4/4/2024       1,515,034       USD       1,198,129       GBP       1,490        

Standard Chartered Bank

    4/4/2024       95,507       USD       1,006,958       NOK       2,685        

Standard Chartered Bank

    4/4/2024       76,405       USD       817,987       NOK       1,003        

Standard Chartered Bank

    4/4/2024       418,358       USD       4,325,941       SEK       13,769        

Standard Chartered Bank

    4/4/2024       334,686       USD       3,536,130       SEK       3,965        

Standard Chartered Bank

    4/5/2024       56,069       USD       438,386       HKD       52        

Standard Chartered Bank

    4/5/2024       44,855       USD       350,803       HKD       29        
                                            $ 20,950,589     $ (251,518

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted

Prices in

Active

Markets
(Level 1)

    

Other

Significant
Observable

Inputs
(Level 2)

     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 2,357,746,670      $      $      $ 2,357,746,670  

Exchange-Traded Fund

     1,150,249                      1,150,249  

Investment of Cash Collateral for Securities Loaned

            60,536,579               60,536,579  

Total Investments in Securities

   $ 2,358,896,919      $ 60,536,579      $      $ 2,419,433,498  

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ 20,950,589      $      $ 20,950,589  

Liabilities:

 

     

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (251,518    $      $ (251,518

Total – Net

   $ 2,358,896,919      $ 81,235,650      $      $ 2,440,132,569  

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Schedule of Investments

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%

 

Japan – 98.9%

 

Air Freight & Logistics – 0.3%

 

Mitsui-Soko Holdings Co. Ltd.(a)

     71,100      $ 2,210,351  

Nippon Express Holdings, Inc.

     224,500        11,469,384  
     

 

 

 
Total Air Freight & Logistics

 

     13,679,735  
Automobile Components – 5.7%

 

Aisan Industry Co. Ltd.

     150,100        1,688,991  

Aisin Corp.

     404,808        16,639,536  

Bridgestone Corp.

     1,500,485        65,989,812  

Daikyonishikawa Corp.

     19,500        99,339  

Denso Corp.

     4,335,516        82,588,078  

Eagle Industry Co. Ltd.

     107,900        1,306,107  

Exedy Corp.(a)

     118,100        2,387,829  

FuKoKu Co. Ltd.

     72,400        896,479  

Futaba Industrial Co. Ltd.

     159,600        1,236,980  

G-Tekt Corp.

     73,600        1,027,565  

JTEKT Corp.

     614,178        5,795,013  

Koito Manufacturing Co. Ltd.

     172,700        2,892,692  

KYB Corp.

     95,700        3,269,147  

Musashi Seimitsu Industry Co. Ltd.

     31,900        355,159  

NHK Spring Co. Ltd.

     326,000        3,224,566  

Nifco, Inc.

     125,690        3,206,509  

Niterra Co. Ltd.(a)

     608,764        20,449,676  

Pacific Industrial Co. Ltd.

     97,500        1,100,334  

Press Kogyo Co. Ltd.

     405,800        1,917,123  

Sanoh Industrial Co. Ltd.(a)

     115,000        868,512  

Seiren Co. Ltd.(a)

     101,310        1,846,199  

Shoei Co. Ltd.(a)

     81,100        1,207,296  

Sumitomo Electric Industries Ltd.

     1,030,083        15,977,534  

Sumitomo Riko Co. Ltd.

     108,400        954,754  

Sumitomo Rubber Industries Ltd.

     285,691        3,545,064  

Tachi-S Co. Ltd.

     139,400        1,841,228  

Tokai Rika Co. Ltd.

     178,714        3,091,435  

Topre Corp.

     69,600        1,201,197  

Toyo Tire Corp.

     348,500        6,511,996  

Toyoda Gosei Co. Ltd.

     174,100        3,732,892  

Toyota Boshoku Corp.

     318,436        5,405,280  

Yokohama Rubber Co. Ltd.

     167,100        4,445,106  
     

 

 

 
Total Automobile Components

 

     266,699,428  
Automobiles – 10.0%

 

Honda Motor Co. Ltd.

     6,730,941        84,100,627  

Isuzu Motors Ltd.(a)

     1,617,600        21,964,175  

Mazda Motor Corp.

     1,254,500        14,551,354  

Mitsubishi Motors Corp.(a)

     1,272,900        4,254,074  

Nissan Motor Co. Ltd.(a)

     3,127,100        12,568,733  

Subaru Corp.

     1,396,767        31,821,683  

Suzuki Motor Corp.(a)

     1,446,144        16,611,856  

Toyota Motor Corp.

     10,705,950        268,241,187  

Yamaha Motor Co. Ltd.

     1,667,900        15,687,705  
     

 

 

 
Total Automobiles

 

     469,801,394  
Banks – 10.3%

 

Mitsubishi UFJ Financial Group, Inc.

     21,601,322       222,229,068  

Mizuho Financial Group, Inc.(a)

     5,784,864        116,427,340  

Sumitomo Mitsui Financial Group, Inc.

     1,979,900        116,547,815  

Sumitomo Mitsui Trust Holdings, Inc.

     1,277,000        27,911,831  
     

 

 

 
Total Banks

 

     483,116,054  
Beverages – 0.8%

 

Asahi Group Holdings Ltd.

     426,000        15,711,996  

Kirin Holdings Co. Ltd.

     1,240,045        17,189,959  

Sapporo Holdings Ltd.

     34,000        1,354,878  

Takara Holdings, Inc.(a)

     436,200        3,085,349  
     

 

 

 
Total Beverages

 

     37,342,182  
Biotechnology – 0.0%

 

Takara Bio, Inc.

     98,900        633,870  
Broadline Retail – 0.1%

 

Ryohin Keikaku Co. Ltd.

     233,000        3,885,771  
Building Products – 1.0%

 

AGC, Inc.

     395,647        14,451,330  

Central Glass Co. Ltd.

     65,100        1,248,275  

Daikin Industries Ltd.(a)

     144,849        19,715,811  

Nihon Flush Co. Ltd.

     17,600        113,151  

Nitto Boseki Co. Ltd.(a)

     20,100        792,871  

Noritz Corp.

     113,200        1,304,442  

Okabe Co. Ltd.

     1,000        5,187  

Sanwa Holdings Corp.

     472,131        8,363,561  
     

 

 

 
Total Building Products

 

     45,994,628  
Capital Markets – 1.0%

 

Nomura Holdings, Inc.

     4,953,900        31,999,291  

SBI Holdings, Inc.

     574,300        14,992,628  

Sparx Group Co. Ltd.

     111,300        1,382,563  
     

 

 

 
Total Capital Markets

 

     48,374,482  
Chemicals – 7.1%

 

ADEKA Corp.

     132,800        2,828,948  

Aica Kogyo Co. Ltd.

     173,700        4,269,477  

Arakawa Chemical Industries Ltd.

     84,200        648,142  

Artience Co. Ltd.

     91,200        1,754,762  

Asahi Kasei Corp.

     2,195,894        16,134,224  

Asahi Yukizai Corp.

     25,300        882,646  

C Uyemura & Co. Ltd.

     20,300        1,409,713  

Chugoku Marine Paints Ltd.

     161,700        2,422,108  

Daicel Corp.

     372,142        3,722,772  

Denka Co. Ltd.

     142,415        2,208,047  

DIC Corp.

     137,153        2,617,185  

Fujimi, Inc.(a)

     88,000        2,046,714  

Fuso Chemical Co. Ltd.(a)

     20,800        632,885  

Ishihara Sangyo Kaisha Ltd.

     86,900        1,015,733  

JCU Corp.

     13,700        357,561  

JSP Corp.(a)

     64,100        974,132  

Kaneka Corp.

     85,400        2,152,140  

Kansai Paint Co. Ltd.(a)

     225,700        3,245,057  

Kanto Denka Kogyo Co. Ltd.

     148,100        986,387  

KH Neochem Co. Ltd.

     58,700        912,236  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

Kumiai Chemical Industry Co. Ltd.

     249,000      $ 1,367,201  

Kuraray Co. Ltd.

     592,837        6,429,958  

Kureha Corp.

     87,400        1,569,036  

Lintec Corp.

     116,147        2,428,922  

MEC Co. Ltd.(a)

     24,600        663,986  

Mitsubishi Chemical Group Corp.

     3,366,263        20,373,960  

Mitsubishi Gas Chemical Co., Inc.(a)

     360,382        6,167,296  

Mitsui Chemicals, Inc.(a)

     288,915        8,267,804  

Nihon Nohyaku Co. Ltd.(a)

     89,100        485,106  

Nippon Kayaku Co. Ltd.

     308,200        2,659,547  

Nippon Paint Holdings Co. Ltd.

     1,174,900        8,333,643  

Nippon Pillar Packing Co. Ltd.

     55,800        2,352,268  

Nippon Sanso Holdings Corp.

     181,053        5,680,000  

Nippon Shokubai Co. Ltd.

     238,800        2,313,131  

Nippon Soda Co. Ltd.

     77,500        3,103,175  

Nissan Chemical Corp.

     156,453        5,918,223  

Nitto Denko Corp.

     237,274        21,603,857  

NOF Corp.

     305,100        4,204,209  

Osaka Soda Co. Ltd.(a)

     9,500        606,363  

Resonac Holdings Corp.(a)

     207,600        4,973,786  

Riken Technos Corp.

     149,800        993,751  

Sakata INX Corp.

     79,400        825,766  

Sanyo Chemical Industries Ltd.

     24,500        689,616  

Shin-Etsu Chemical Co. Ltd.

     2,881,095        125,337,008  

Shin-Etsu Polymer Co. Ltd.

     156,300        1,589,387  

Sumitomo Bakelite Co. Ltd.

     128,200        3,920,246  

Sumitomo Seika Chemicals Co. Ltd.

     25,000        840,794  

T Hasegawa Co. Ltd.(a)

     32,000        640,655  

Taiyo Holdings Co. Ltd.

     86,852        1,945,411  

Takasago International Corp.

     29,000        662,989  

Teijin Ltd.

     196,800        1,833,480  

Tokai Carbon Co. Ltd.

     303,600        1,999,393  

Tokuyama Corp.

     113,000        2,027,123  

Tokyo Ohka Kogyo Co. Ltd.

     97,500        2,949,899  

Toray Industries, Inc.

     1,732,418        8,471,787  

Tosoh Corp.(a)

     598,507        8,154,359  

Toyobo Co. Ltd.

     206,951        1,541,074  

UBE Corp.

     205,500        3,702,109  

Valqua Ltd.(a)

     68,800        2,332,049  

Zeon Corp.(a)

     253,500        2,212,650  
     

 

 

 
Total Chemicals

 

     333,391,886  
Commercial Services & Supplies – 0.1%

 

Inui Global Logistics Co. Ltd.(a)

     2,000        13,704  

Pilot Corp.

     49,900        1,312,247  

Sato Holdings Corp.

     61,200        929,251  
     

 

 

 
Total Commercial Services & Supplies

 

     2,255,202  
Construction & Engineering – 0.8%

 

Kajima Corp.

     668,400        13,805,665  

Obayashi Corp.

     978,100        12,036,812  

Penta-Ocean Construction Co. Ltd.

     371,100        1,904,970  

Shimizu Corp.(a)

     700,800        4,632,795  

Sumitomo Mitsui Construction Co. Ltd.

     331,800        942,707  

Taikisha Ltd.

     71,700      2,200,578  

Toda Corp.

     452,900        3,059,832  
     

 

 

 
Total Construction & Engineering

 

     38,583,359  
Construction Materials – 0.2%

 

Krosaki Harima Corp.

     86,000        1,991,675  

Shinagawa Refractories Co. Ltd.(a)

     145,600        1,853,852  

Taiheiyo Cement Corp.

     139,300        3,238,935  
     

 

 

 
Total Construction Materials

 

     7,084,462  
Consumer Finance – 0.0%

 

J Trust Co. Ltd.(a)      238,300        716,419  
Consumer Staples Distribution & Retail – 0.8%

 

Seven & i Holdings Co. Ltd.      2,478,472        36,126,131  
Containers & Packaging – 0.2%

 

Fuji Seal International, Inc.

     64,300        881,154  

Rengo Co. Ltd.

     281,100        2,173,094  

Toyo Seikan Group Holdings Ltd.

     264,800        4,266,509  
     

 

 

 
Total Containers & Packaging

 

     7,320,757  
Diversified Consumer Services – 0.0%

 

Aucnet, Inc.      12,200        196,851  
Electrical Equipment – 1.6%

 

Daihen Corp.

     38,800        2,381,658  

Fuji Electric Co. Ltd.

     118,773        8,044,027  

Fujikura Ltd.

     662,300        9,968,743  

Furukawa Electric Co. Ltd.(a)

     117,681        2,516,987  

GS Yuasa Corp.(a)

     64,784        1,346,661  

Idec Corp.(a)

     87,300        1,558,012  

Mabuchi Motor Co. Ltd.

     186,100        3,412,254  

Mitsubishi Electric Corp.

     2,392,914        39,717,202  

Sanyo Denki Co. Ltd.

     24,000        1,117,976  

Sinfonia Technology Co. Ltd.

     117,700        2,519,726  

Toyo Tanso Co. Ltd.

     20,900        1,139,284  
     

 

 

 
Total Electrical Equipment

 

     73,722,530  
Electronic Equipment, Instruments & Components – 3.6%

 

A&D HOLON Holdings Co. Ltd.(a)

     63,400        1,214,840  

Ai Holdings Corp.

     103,900        1,688,817  

Alps Alpine Co. Ltd.(a)

     332,900        2,635,133  

Amano Corp.

     185,433        4,744,105  

Anritsu Corp.

     240,700        1,966,537  

Azbil Corp.(a)

     99,600        2,760,067  

Canon Electronics, Inc.

     111,200        1,780,287  

Citizen Watch Co. Ltd.(a)

     458,900        3,004,856  

Dexerials Corp.(a)

     61,000        2,695,213  

Elematec Corp.

     145,200        1,841,084  

ESPEC Corp.

     67,800        1,366,348  

Hagiwara Electric Holdings Co. Ltd.

     19,400        573,623  

Hakuto Co. Ltd.(a)

     91,119        3,395,627  

Hamamatsu Photonics KK

     96,300        3,406,085  

Hioki EE Corp.(a)

     20,400        975,889  

Hirose Electric Co. Ltd.

     52,660        5,387,955  

Horiba Ltd.

     90,200        9,553,708  

Ibiden Co. Ltd.(a)

     33,401        1,467,397  

Innotech Corp.

     70,400        941,489  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

Iriso Electronics Co. Ltd.

     23,300      $ 466,477  

Japan Aviation Electronics Industry Ltd.(a)

     73,900        1,210,467  

Kaga Electronics Co. Ltd.(a)

     68,200        2,874,994  

Keyence Corp.

     53,240        24,462,715  

Koa Corp.(a)

     30,700        296,158  

Macnica Holdings, Inc.(a)

     78,000        3,828,749  

Maxell Ltd.

     77,400        814,683  

Meiko Electronics Co. Ltd.(a)

     26,700        956,186  

Murata Manufacturing Co. Ltd.

     1,628,104        30,379,370  

Nichicon Corp.

     107,700        914,431  

Nippon Electric Glass Co. Ltd.

     201,660        5,159,255  

Nissha Co. Ltd.

     64,400        626,362  

Omron Corp.

     161,700        5,781,220  

Optex Group Co. Ltd.

     1,000        13,083  

Osaki Electric Co. Ltd.

     161,000        726,572  

Restar Corp.

     72,700        1,457,891  

Riken Keiki Co. Ltd.

     33,000        834,022  

Sanshin Electronics Co. Ltd.(a)

     64,054        910,371  

Shibaura Electronics Co. Ltd.

     16,700        675,305  

Shimadzu Corp.

     187,300        5,234,920  

Siix Corp.

     52,100        594,514  

Sumida Corp.

     93,400        757,222  

Taiyo Yuden Co. Ltd.(a)

     142,600        3,415,541  

TDK Corp.

     310,904        15,368,019  

Tokyo Electron Device Ltd.(a)

     66,100        3,009,211  

Tomen Devices Corp.

     11,400        494,883  

Topcon Corp.

     150,600        1,773,726  

Yokogawa Electric Corp.

     202,738        4,680,475  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     169,115,882  
Entertainment – 2.1%

 

Capcom Co. Ltd.

     273,600        5,052,773  

Koei Tecmo Holdings Co. Ltd.(a)

     343,044        3,671,950  

Konami Group Corp.

     96,600        6,551,911  

Marvelous, Inc.

     2,000        9,184  

Nexon Co. Ltd.

     117,800        1,953,669  

Nintendo Co. Ltd.

     1,484,500        80,392,230  

Toei Animation Co. Ltd.(a)

     90,500        1,853,712  
     

 

 

 
Total Entertainment

 

     99,485,429  
Food Products – 1.2%

 

Ajinomoto Co., Inc.

     304,213        11,376,957  

Calbee, Inc.(a)

     113,600        2,573,817  

Fuji Oil Holdings, Inc.

     81,500        1,287,296  

House Foods Group, Inc.

     73,000        1,493,330  

Kagome Co. Ltd.(a)

     90,400        2,198,104  

Kikkoman Corp.

     340,500        4,429,908  

Maruha Nichiro Corp.

     109,600        2,153,329  

Nichirei Corp.

     164,900        4,514,062  

Nisshin Oillio Group Ltd.

     78,000        2,654,201  

Nisshin Seifun Group, Inc.

     379,700        5,267,304  

Nissin Foods Holdings Co. Ltd.(a)

     230,700        6,402,194  

Nissui Corp.

     371,900        2,359,253  

Riken Vitamin Co. Ltd.

     67,300        1,146,383  

Toyo Suisan Kaisha Ltd.

     69,100        4,326,027  

Yakult Honsha Co. Ltd.(a)

     182,174      3,754,341  
     

 

 

 
Total Food Products

 

     55,936,506  
Ground Transportation – 0.1%

 

Alps Logistics Co. Ltd.(a)

     75,100        1,463,345  

Kintetsu Group Holdings Co. Ltd.(a)

     111,500        3,279,910  

Nishi-Nippon Railroad Co. Ltd.

     59,200        985,330  
     

 

 

 
Total Ground Transportation

 

     5,728,585  
Health Care Equipment & Supplies – 1.0%

 

Asahi Intecc Co. Ltd.

     73,700        1,282,914  

Eiken Chemical Co. Ltd.(a)

     62,600        827,249  

Hoya Corp.

     109,157        13,516,153  

Jeol Ltd.(a)

     35,300        1,459,628  

Mani, Inc.

     67,000        878,532  

Menicon Co. Ltd.

     69,600        728,214  

Nakanishi, Inc.

     54,000        840,266  

Nihon Kohden Corp.

     73,300        1,939,233  

Nipro Corp.(a)

     109,300        885,045  

Olympus Corp.

     415,000        6,066,851  

PHC Holdings Corp.(a)

     290,000        2,368,364  

Sysmex Corp.

     300,300        5,280,970  

Terumo Corp.

     635,024        11,450,530  
     

 

 

 
Total Health Care Equipment & Supplies

 

     47,523,949  
Health Care Technology – 0.1%

 

M3, Inc.      224,900        3,175,601  
Hotels, Restaurants & Leisure – 0.0%

 

Round One Corp.

     176,200        916,247  

Zensho Holdings Co. Ltd.(a)

     22,500        957,415  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     1,873,662  
Household Durables – 1.9%

 

Casio Computer Co. Ltd.(a)

     401,357        3,436,907  

Fujitsu General Ltd.(a)

     59,500        740,679  

JVCKenwood Corp.

     178,400        1,112,753  

Nikon Corp.(a)

     507,900        5,137,896  

Panasonic Holdings Corp.

     2,315,870        22,118,934  

Rinnai Corp.

     140,300        3,229,741  

Sekisui Chemical Co. Ltd.

     911,900        13,436,433  

Sony Group Corp.

     334,500        28,699,214  

Sumitomo Forestry Co. Ltd.

     307,200        9,974,435  

Tamron Co. Ltd.

     54,400        2,472,972  

Zojirushi Corp.

     33,300        318,159  
     

 

 

 
Total Household Durables

 

     90,678,123  
Household Products – 0.2%

 

Lion Corp.

     237,300        2,129,263  

Pigeon Corp.

     281,300        2,701,573  

Unicharm Corp.

     207,000        6,611,636  
     

 

 

 
Total Household Products

 

     11,442,472  
Independent Power & Renewable Electricity Producers – 0.2%

 

Electric Power Development Co. Ltd.      485,300        8,003,626  
Industrial Conglomerates – 1.9%

 

Hitachi Ltd.

     955,905        87,824,897  

Nisshinbo Holdings, Inc.

     243,624        1,983,183  
     

 

 

 
Total Industrial Conglomerates

 

     89,808,080  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2024

 

 

 

Investments    Shares      Value  
Insurance – 4.4%

 

Dai-ichi Life Holdings, Inc.

     1,145,300      $ 29,157,494  

MS&AD Insurance Group Holdings, Inc.

     2,736,600        49,019,939  

Sompo Holdings, Inc.

     1,943,400        40,962,344  

Tokio Marine Holdings, Inc.

     2,832,800        88,028,401  
     

 

 

 
Total Insurance

 

     207,168,178  
IT Services – 0.7%

 

Fujitsu Ltd.(a)

     1,123,320        18,481,396  

NEC Corp.

     172,400        12,518,920  
     

 

 

 
Total IT Services

 

     31,000,316  
Leisure Products – 0.7%

 

Bandai Namco Holdings, Inc.

     636,000        11,884,159  

GLOBERIDE, Inc.(a)

     28,300        379,777  

Mizuno Corp.

     28,200        1,185,054  

Roland Corp.

     53,100        1,599,894  

Sega Sammy Holdings, Inc.

     392,700        5,223,199  

Shimano, Inc.

     51,900        7,835,839  

Tomy Co. Ltd.

     109,800        2,041,179  

Universal Entertainment Corp.

     71,800        953,095  
     

 

 

 
Total Leisure Products

 

     31,102,196  
Life Sciences Tools & Services – 0.0%

 

Shin Nippon Biomedical Laboratories Ltd.(a)      63,700        638,915  
Machinery – 7.0%

 

Aida Engineering Ltd.(a)

     147,800        868,177  

Amada Co. Ltd.(a)

     799,993        9,083,802  

Anest Iwata Corp.

     74,700        668,793  

Bando Chemical Industries Ltd.

     92,600        1,156,391  

CKD Corp.(a)

     104,800        2,087,760  

Daifuku Co. Ltd.

     230,300        5,453,733  

DMG Mori Co. Ltd.(a)

     267,800        7,187,575  

Ebara Corp.

     178,731        16,285,312  

FANUC Corp.

     997,345        27,578,637  

Fujitec Co. Ltd.(a)

     77,500        1,942,301  

Glory Ltd.(a)

     76,500        1,435,528  

Harmonic Drive Systems, Inc.(a)

     27,100        713,558  

Hitachi Construction Machinery Co. Ltd.

     261,800        7,817,068  

Hitachi Zosen Corp.

     188,300        1,641,070  

Hokuetsu Industries Co. Ltd.(a)

     66,000        879,157  

Hoshizaki Corp.(a)

     95,338        3,542,143  

IHI Corp.(a)

     222,800        6,034,274  

Iwaki Co. Ltd.

     64,200        1,230,169  

Japan Steel Works Ltd.

     73,500        1,645,366  

Kawasaki Heavy Industries Ltd.(a)

     227,100        7,648,278  

Kitz Corp.

     235,800        2,126,710  

Komatsu Ltd.

     2,603,706        76,092,316  

Kubota Corp.

     1,128,500        17,776,233  

Kurita Water Industries Ltd.

     93,000        3,871,902  

Makino Milling Machine Co. Ltd.

     26,000        1,075,424  

Max Co. Ltd.

     87,600        1,884,026  

Meidensha Corp.

     54,800        1,063,448  

Minebea Mitsumi, Inc.

     271,600        5,295,792  

MISUMI Group, Inc.

     118,200      1,612,759  

Mitsubishi Heavy Industries Ltd.

     2,631,190        25,182,720  

Mitsuboshi Belting Ltd.(a)

     138,700        4,279,818  

Miura Co. Ltd.

     139,200        2,690,737  

Nabtesco Corp.

     144,300        2,440,834  

Nachi-Fujikoshi Corp.

     31,300        721,775  

NGK Insulators Ltd.

     405,975        5,472,193  

Nippon Thompson Co. Ltd.

     249,700        1,059,218  

Nissei ASB Machine Co. Ltd.

     7,000        246,060  

Nomura Micro Science Co. Ltd.(a)

     58,400        2,292,088  

Noritake Co. Ltd.

     82,400        2,335,697  

NSK Ltd.

     921,400        5,380,033  

NTN Corp.(a)

     716,500        1,485,124  

Obara Group, Inc.(a)

     18,700        469,523  

OKUMA Corp.(a)

     72,600        3,414,975  

Organo Corp.

     25,000        1,271,928  

OSG Corp.

     249,624        3,607,174  

Ryobi Ltd.

     58,100        1,149,754  

Shibaura Machine Co. Ltd.(a)

     51,200        1,226,337  

Shinmaywa Industries Ltd.

     152,900        1,262,843  

SMC Corp.

     36,151        20,262,905  

Sodick Co. Ltd.

     2,000        9,528  

Star Micronics Co. Ltd.

     110,000        1,349,698  

Sumitomo Heavy Industries Ltd.

     166,637        5,198,013  

Takeuchi Manufacturing Co. Ltd.

     75,700        3,051,108  

Teikoku Electric Manufacturing Co. Ltd.

     63,700        1,075,381  

THK Co. Ltd.

     168,300        3,926,574  

Tocalo Co. Ltd.

     184,000        2,176,220  

Torishima Pump Manufacturing Co. Ltd.

     64,200        1,205,990  

Tsubaki Nakashima Co. Ltd.

     84,000        467,885  

Tsubakimoto Chain Co.

     89,700        3,052,331  

Tsugami Corp.

     147,000        1,116,984  

YAMABIKO Corp.

     1,000        13,195  

Yaskawa Electric Corp.(a)

     143,100        5,997,445  
     

 

 

 
Total Machinery

 

     330,589,790  
Marine Transportation – 0.1%

 

Iino Kaiun Kaisha Ltd.(a)

     373,400        3,024,800  

NS United Kaiun Kaisha Ltd.

     74,100        2,257,102  
     

 

 

 
Total Marine Transportation

 

     5,281,902  
Media – 0.4%

 

Dentsu Group, Inc.

     422,700        11,716,453  

Hakuhodo DY Holdings, Inc.(a)

     448,900        4,109,491  

Kadokawa Corp.(a)

     74,800        1,310,711  
     

 

 

 
Total Media

 

     17,136,655  
Metals & Mining – 2.8%

 

ARE Holdings, Inc.(a)

     147,300        1,880,363  

Daido Steel Co. Ltd.

     572,500        6,871,362  

Daiki Aluminium Industry Co. Ltd.(a)

     88,700        729,081  

Dowa Holdings Co. Ltd.(a)

     59,400        2,091,530  

JFE Holdings, Inc.(a)

     981,800        16,477,399  

Kobe Steel Ltd.(a)

     1,007,700        13,689,459  

Kyoei Steel Ltd.

     146,900        2,341,160  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

Mitsubishi Materials Corp.

     172,600      $ 3,327,236  

Mitsui Mining & Smelting Co. Ltd.

     132,100        4,108,459  

Nippon Light Metal Holdings Co. Ltd.

     94,500        1,135,786  

Nippon Steel Corp.(a)

     3,053,600        74,007,102  

Nippon Yakin Kogyo Co. Ltd.

     65,710        2,081,862  

Sanyo Special Steel Co. Ltd.

     75,600        1,122,923  

Toho Titanium Co. Ltd.(a)

     4,200        43,347  

Topy Industries Ltd.

     72,900        1,305,355  

UACJ Corp.

     74,900        2,180,016  
     

 

 

 
Total Metals & Mining

 

     133,392,440  
Oil, Gas & Consumable Fuels – 1.5%

 

ENEOS Holdings, Inc.

     5,094,700        24,617,623  

Idemitsu Kosan Co. Ltd.

     2,292,800        15,785,771  

Inpex Corp.

     1,874,900        28,994,704  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     69,398,098  
Paper & Forest Products – 0.1%

 

Hokuetsu Corp.(a)

     141,100        1,793,759  

Oji Holdings Corp.(a)

     1,005,900        4,239,741  
     

 

 

 
Total Paper & Forest Products

 

     6,033,500  
Passenger Airlines – 0.2%

 

Japan Airlines Co. Ltd.      463,400        8,933,031  
Personal Care Products – 0.7%

 

Kao Corp.

     510,280        19,009,275  

Kobayashi Pharmaceutical Co. Ltd.

     59,600        2,006,422  

Kose Corp.(a)

     28,700        1,511,185  

Mandom Corp.

     83,700        746,606  

Rohto Pharmaceutical Co. Ltd.

     120,100        2,354,466  

Shiseido Co. Ltd.

     195,422        5,285,026  
     

 

 

 
Total Personal Care Products

 

     30,912,980  
Pharmaceuticals – 5.3%

 

Astellas Pharma, Inc.

     2,536,504        27,544,645  

Chugai Pharmaceutical Co. Ltd.

     1,260,600        48,093,458  

Daiichi Sankyo Co. Ltd.

     671,400        21,191,832  

Kyowa Kirin Co. Ltd.

     517,970        9,208,089  

Nippon Shinyaku Co. Ltd.

     69,300        2,046,787  

Ono Pharmaceutical Co. Ltd.

     614,400        9,964,286  

Otsuka Holdings Co. Ltd.

     470,500        19,616,472  

Santen Pharmaceutical Co. Ltd.

     401,200        4,073,103  

Shionogi & Co. Ltd.

     414,977        21,249,937  

Takeda Pharmaceutical Co. Ltd.(a)

     2,999,663        82,927,021  

Towa Pharmaceutical Co. Ltd.

     60,100        1,153,196  

ZERIA Pharmaceutical Co. Ltd.

     112,800        1,589,016  
     

 

 

 
Total Pharmaceuticals

 

     248,657,842  
Professional Services – 0.5%

 

en Japan, Inc.(a)

     64,100        1,142,699  

Open Up Group, Inc.

     104,800        1,459,008  

Persol Holdings Co. Ltd.

     3,768,700        5,316,446  

Recruit Holdings Co. Ltd.

     359,200        15,918,295  

Transcosmos, Inc.(a)

     78,100        1,620,364  
     

 

 

 
Total Professional Services

 

     25,456,812  
Semiconductors & Semiconductor Equipment – 4.5%

 

Advantest Corp.

     253,800      11,435,212  

Disco Corp.

     66,000        24,939,972  

Ferrotec Holdings Corp.(a)

     81,100        1,585,079  

Furuya Metal Co. Ltd.

     7,200        539,483  

Lasertec Corp.

     27,600        7,622,849  

Micronics Japan Co. Ltd.

     53,900        3,176,768  

Mitsui High-Tec, Inc.

     17,400        1,002,876  

Optorun Co. Ltd.

     65,200        890,902  

Rohm Co. Ltd.

     343,700        5,515,052  

Rorze Corp.

     10,500        1,498,563  

SCREEN Holdings Co. Ltd.(a)

     146,320        19,302,116  

Shibaura Mechatronics Corp.(a)

     25,300        1,071,545  

Shinko Electric Industries Co. Ltd.

     54,859        2,036,030  

Socionext, Inc.(a)

     225,800        6,325,891  

SUMCO Corp.(a)

     646,100        10,275,613  

Tokyo Electron Ltd.

     391,759        102,427,590  

Tokyo Seimitsu Co. Ltd.

     74,700        6,009,267  

Ulvac, Inc.

     39,300        2,560,103  

Yamaichi Electronics Co. Ltd.

     57,900        952,598  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     209,167,509  
Software – 0.2%

 

Trend Micro, Inc.(a)      150,908        7,808,388  
Specialty Retail – 0.9%

 

ABC-Mart, Inc.

     380,800        7,292,932  

Fast Retailing Co. Ltd.

     109,400        34,075,232  

Sanrio Co. Ltd.

     87,000        1,753,279  

VT Holdings Co. Ltd.

     234,600        829,304  
     

 

 

 
Total Specialty Retail

 

     43,950,747  
Technology Hardware, Storage & Peripherals – 2.1%

 

Canon, Inc.

     2,054,897        61,112,633  

FUJIFILM Holdings Corp.

     873,885        19,458,802  

MCJ Co. Ltd.

     90,200        815,313  

Ricoh Co. Ltd.

     751,200        6,708,162  

Riso Kagaku Corp.

     64,100        1,312,961  

Seiko Epson Corp.(a)

     591,100        10,332,387  

Toshiba TEC Corp.

     38,300        769,315  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     100,509,573  
Textiles, Apparel & Luxury Goods – 0.2%

 

Asics Corp.

     140,492        6,777,443  

Descente Ltd.

     18,900        431,461  

Kurabo Industries Ltd.

     1,047        24,213  

Morito Co. Ltd.

     83,600        868,894  

Seiko Group Corp.

     56,100        1,545,720  

Wacoal Holdings Corp.

     76,600        1,879,761  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     11,527,492  
Tobacco – 3.8%

 

Japan Tobacco, Inc.      6,720,031        180,005,984  
Trading Companies & Distributors – 10.4%

 

Alconix Corp.

     64,300        621,566  

Chori Co. Ltd.

     72,600        1,633,374  

Daiichi Jitsugyo Co. Ltd.

     72,600        1,021,279  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2024

 

 

 

Investments    Shares      Value  

Hanwa Co. Ltd.

     105,000      $ 4,114,110  

Inabata & Co. Ltd.

     147,986        3,104,533  

ITOCHU Corp.(a)

     1,924,094        82,204,181  

Japan Pulp & Paper Co. Ltd.

     19,800        677,683  

Kanematsu Corp.

     263,000        4,504,252  

KPP Group Holdings Co. Ltd.(a)

     76,900        377,018  

Marubeni Corp.

     3,937,878        68,404,515  

Mitsubishi Corp.

     7,889,400        181,772,360  

Mitsui Matsushima Holdings Co. Ltd.(a)

     88,300        1,700,130  

Nagase & Co. Ltd.

     196,400        3,314,319  

Sanyo Trading Co. Ltd.(a)

     116,500        1,114,619  

Shinsho Corp.

     27,100        1,292,821  

Sojitz Corp.(a)

     620,104        16,335,886  

Sumitomo Corp.

     3,105,477        74,936,086  

Toyota Tsusho Corp.

     591,310        40,105,700  
     

 

 

 
Total Trading Companies & Distributors

 

     487,234,432  
Transportation Infrastructure – 0.1%

 

Mitsubishi Logistics Corp.

     100,700        3,310,202  

Nissin Corp.

     28,500        545,538  
     

 

 

 
Total Transportation Infrastructure

 

     3,855,740  
TOTAL COMMON STOCKS

 

  
(Cost: $3,927,878,187)

 

   4,641,459,576  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.6%

 

United States – 6.6%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(b)

     
(Cost: $307,769,515)      307,769,515        307,769,515  
TOTAL INVESTMENTS IN SECURITIES – 105.5%

 

  

(Cost: $4,235,647,702)

 

     4,949,229,091  

Other Assets less Liabilities – (5.5)%

 

     (257,978,787
     

 

 

 
NET ASSETS – 100.0%

 

   $ 4,691,250,304  

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $457,812,879 and the total market value of the collateral held by the Fund was $483,185,716. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $175,416,201.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

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 NA

    4/3/2024       134,441,133,864       JPY       888,576,194       USD     $     $ (131,619

Bank of America NA

    4/3/2024       881,351,998       USD       131,292,715,626       JPY       13,713,519        

Bank of America NA

    4/3/2024       61,921,686       USD       9,140,222,917       JPY       1,519,180        

Bank of America NA

    4/3/2024       15,480,422       USD       2,328,866,945       JPY       90,272        

Bank of America NA

    5/7/2024       939,465,520       USD       141,406,189,299       JPY       120,115        

Barclays Bank PLC

    4/3/2024       134,441,133,864       JPY       888,576,194       USD             (131,619

Barclays Bank PLC

    4/3/2024       881,351,998       USD       131,293,244,438       JPY       13,710,024        

Barclays Bank PLC

    5/7/2024       939,465,520       USD       141,407,128,765       JPY       113,874        

Citibank NA

    4/3/2024       134,442,022,440       JPY       888,576,194       USD             (125,747

Citibank NA

    5/7/2024       939,465,518       USD       141,408,067,929       JPY       107,634        

HSBC Holdings PLC

    4/3/2024       2,303,184,925       JPY       15,480,422       USD             (259,990

HSBC Holdings PLC

    4/3/2024       6,240,116,625       JPY       41,281,124       USD             (43,762

HSBC Holdings PLC

    4/3/2024       881,351,998       USD       131,292,627,491       JPY       13,714,101        

JP Morgan Chase Bank NA

    4/3/2024       2,288,190,279       JPY       15,480,422       USD             (359,081

Morgan Stanley & Co. International

    4/3/2024       134,441,589,703       JPY       888,576,194       USD             (128,606

Morgan Stanley & Co. International

    4/3/2024       881,351,998       USD       131,293,153,658       JPY       13,710,624        

Morgan Stanley & Co. International

    5/7/2024       939,465,520       USD       141,405,919,673       JPY       121,906        

Royal Bank of Canada

    4/3/2024       134,441,145,415       JPY       888,576,194       USD             (131,542

Royal Bank of Canada

    4/3/2024       881,351,995       USD       131,292,976,941       JPY       13,711,789        

Royal Bank of Canada

    5/7/2024       939,465,520       USD       141,407,140,978       JPY       113,793        

Standard Chartered Bank

    4/3/2024       30,960,843       USD       4,606,388,278       JPY       519,857        
                                            $ 71,266,688     $ (1,311,966

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2024

 

 

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 - Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  
Assets:

 

     
Investments in Securities   

Common Stocks

   $ 4,641,459,576      $      $      $ 4,641,459,576  

Investment of Cash Collateral for Securities Loaned

            307,769,515               307,769,515  

Total Investments in Securities

   $ 4,641,459,576      $ 307,769,515      $      $ 4,949,229,091  
Financial Derivative Instruments            

Foreign Currency Contracts1

   $      $ 71,266,688      $      $ 71,266,688  
Liabilities:            
Financial Derivative Instruments            

Foreign Currency Contracts1

   $      $ (1,311,966    $      $ (1,311,966

Total – Net

   $ 4,641,459,576      $ 377,724,237      $      $ 5,019,183,813  

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%

 

Japan – 98.7%

 

Air Freight & Logistics – 1.0%

 

AIT Corp.

     5,000      $ 59,830  

AZ-COM MARUWA Holdings, Inc.

     2,800        24,976  

Hamakyorex Co. Ltd.

     2,000        50,877  

Konoike Transport Co. Ltd.

     5,000        72,351  

Mitsui-Soko Holdings Co. Ltd.(a)

     3,900        121,243  

Sankyu, Inc.

     4,500        155,268  

SBS Holdings, Inc.

     3,200        55,545  

Senko Group Holdings Co. Ltd.(a)

     11,400        86,397  

Shibusawa Warehouse Co. Ltd.

     2,100        42,945  

Trancom Co. Ltd.

     500        19,921  
     

 

 

 
Total Air Freight & Logistics

 

     689,353  
Automobile Components – 4.2%

 

Aisan Industry Co. Ltd.

     11,800        132,779  

Daikyonishikawa Corp.

     13,900        70,811  

Eagle Industry Co. Ltd.

     8,600        104,101  

Exedy Corp.(a)

     7,400        149,618  

Fujikura Composites, Inc.(a)

     4,400        41,865  

FuKoKu Co. Ltd.

     3,900        48,291  

Futaba Industrial Co. Ltd.

     11,200        86,806  

G-Tekt Corp.

     5,398        75,364  

Ichikoh Industries Ltd.

     10,000        36,539  

KYB Corp.(a)

     7,000        239,122  

Musashi Seimitsu Industry Co. Ltd.

     3,400        37,854  

NHK Spring Co. Ltd.

     26,700        264,098  

Nichirin Co. Ltd.

     2,400        60,735  

Pacific Industrial Co. Ltd.

     6,700        75,613  

Press Kogyo Co. Ltd.

     19,200        90,707  

Seiren Co. Ltd.(a)

     7,000        127,563  

Shoei Co. Ltd.(a)

     7,300        108,671  

Sumitomo Riko Co. Ltd.

     8,300        73,104  

Tachi-S Co. Ltd.

     9,600        126,799  

Tokai Rika Co. Ltd.

     13,325        230,499  

Topre Corp.

     4,800        82,841  

Toyo Tire Corp.

     28,300        528,808  

Unipres Corp.(a)

     6,100        47,238  
     

 

 

 
Total Automobile Components

 

     2,839,826  
Banks – 6.6%

 

77 Bank Ltd.

     8,800        241,012  

Aichi Financial Group, Inc.

     5,200        91,153  

Akita Bank Ltd.

     2,400        33,460  

Awa Bank Ltd.(a)

     3,900        70,942  

Bank of Iwate Ltd.

     2,200        37,416  

Bank of Nagoya Ltd.

     1,200        52,807  

Bank of Saga Ltd.

     2,600        36,747  

Bank of the Ryukyus Ltd.

     6,800        53,782  

Chugin Financial Group, Inc.

     17,200        149,390  

Daishi Hokuetsu Financial Group, Inc.(a)

     5,600        165,027  

Ehime Bank Ltd.

     4,200        31,525  

FIDEA Holdings Co. Ltd.

     4,200        44,346  

First Bank of Toyama Ltd.(a)

     8,500        53,580  

Gunma Bank Ltd.

     63,300      $ 367,307  

Hirogin Holdings, Inc.

     36,700        264,559  

Hokuhoku Financial Group, Inc.(a)

     10,300        131,893  

Hyakugo Bank Ltd.(a)

     32,400        138,938  

Hyakujushi Bank Ltd.

     4,000        78,681  

Iyogin Holdings, Inc.

     19,900        154,235  

Juroku Financial Group, Inc.

     4,500        142,423  

Keiyo Bank Ltd.

     15,500        78,040  

Kiyo Bank Ltd.(a)

     6,698        81,963  

Miyazaki Bank Ltd.

     3,300        62,448  

Musashino Bank Ltd.(a)

     6,500        126,740  

Nanto Bank Ltd.(a)

     4,900        99,234  

Nishi-Nippon Financial Holdings, Inc.

     15,500        196,227  

North Pacific Bank Ltd.

     37,300        109,673  

Ogaki Kyoritsu Bank Ltd.

     4,400        63,466  

Oita Bank Ltd.

     3,200        63,854  

Okinawa Financial Group, Inc.

     2,540        44,122  

Procrea Holdings, Inc.(a)

     3,200        39,306  

San ju San Financial Group, Inc.

     5,600        77,111  

San-In Godo Bank Ltd.

     19,100        152,325  

Senshu Ikeda Holdings, Inc.(a)

     28,200        73,600  

Shiga Bank Ltd.

     4,400        121,960  

Shikoku Bank Ltd.

     5,600        45,290  

Suruga Bank Ltd.(a)

     20,700        122,139  

Toho Bank Ltd.(a)

     23,100        54,947  

Tokyo Kiraboshi Financial Group, Inc.

     4,900        157,835  

TOMONY Holdings, Inc.

     17,100        47,229  

Yamagata Bank Ltd.(a)

     4,500        35,056  

Yamaguchi Financial Group, Inc.(a)

     22,600        232,727  

Yamanashi Chuo Bank Ltd.

     4,900        60,965  
     

 

 

 
Total Banks

 

     4,485,480  
Beverages – 0.3%

 

Takara Holdings, Inc.(a)

     32,000        226,344  
Biotechnology – 0.1%

 

Takara Bio, Inc.

     13,400        85,883  
Broadline Retail – 0.7%

 

ASKUL Corp.(a)

     5,100        77,303  

Belluna Co. Ltd.

     12,700        52,027  

Izumi Co. Ltd.

     8,700        201,828  

Seria Co. Ltd.

     8,400        167,062  
     

 

 

 
Total Broadline Retail

 

     498,220  
Building Products – 1.4%

 

Bunka Shutter Co. Ltd.

     8,500        97,724  

Central Glass Co. Ltd.(a)

     3,100        59,441  

Kondotec, Inc.

     5,900        50,289  

Nichias Corp.

     7,600        204,381  

Nichiha Corp.

     3,000        68,288  

Nippon Aqua Co. Ltd.

     4,300        30,003  

Nitto Boseki Co. Ltd.(a)

     1,300        51,280  

Noritz Corp.

     4,500        51,855  

Shin Nippon Air Technologies Co. Ltd.

     3,400        77,842  

Takara Standard Co. Ltd.(a)

     4,817        62,160  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Takasago Thermal Engineering Co. Ltd.(a)

     6,000      $ 193,465  
     

 

 

 
Total Building Products

 

     946,728  
Capital Markets – 1.4%

 

GMO Financial Holdings, Inc.

     11,500        60,332  

Ichiyoshi Securities Co. Ltd.

     10,500        58,833  

IwaiCosmo Holdings, Inc.

     4,600        68,113  

M&A Capital Partners Co. Ltd.

     1,700        25,723  

Matsui Securities Co. Ltd.(a)

     46,800        255,422  

Okasan Securities Group, Inc.(a)

     25,200        136,036  

SBI Global Asset Management Co. Ltd.(a)

     10,599        51,474  

Sparx Group Co. Ltd.(a)

     6,339        78,743  

Strike Co. Ltd.

     1,200        40,120  

Tokai Tokyo Financial Holdings, Inc.

     38,600        155,323  
     

 

 

 
Total Capital Markets

 

     930,119  
Chemicals – 8.7%

 

ADEKA Corp.

     10,900        232,195  

Aica Kogyo Co. Ltd.(a)

     11,200        275,292  

Arakawa Chemical Industries Ltd.

     7,000        53,883  

Artience Co. Ltd.

     7,000        134,686  

Asahi Yukizai Corp.

     2,200        76,752  

C Uyemura & Co. Ltd.

     2,200        152,777  

Chugoku Marine Paints Ltd.(a)

     11,400        170,761  

CI Takiron Corp.

     8,500        38,809  

Dai Nippon Toryo Co. Ltd.

     5,300        42,478  

Dainichiseika Color & Chemicals Manufacturing Co. Ltd.

     2,500        49,308  

Denka Co. Ltd.(a)

     10,100        156,594  

DIC Corp.

     10,900        207,996  

Fujimi, Inc.(a)

     6,800        158,155  

Fujimori Kogyo Co. Ltd.

     1,600        45,829  

Fuso Chemical Co. Ltd.(a)

     1,900        57,812  

Harima Chemicals Group, Inc.

     7,700        47,061  

Ishihara Sangyo Kaisha Ltd.

     4,400        51,429  

JCU Corp.

     1,900        49,589  

JSP Corp.(a)

     4,317        65,606  

Kaneka Corp.

     7,148        180,135  

Kanto Denka Kogyo Co. Ltd.(a)

     8,200        54,614  

KeePer Technical Laboratory Co. Ltd.(a)

     700        23,010  

KH Neochem Co. Ltd.

     5,000        77,703  

Konishi Co. Ltd.(a)

     9,600        99,270  

Kumiai Chemical Industry Co. Ltd.

     18,094        99,350  

Kureha Corp.

     6,400        114,895  

Lintec Corp.

     9,200        192,395  

MEC Co. Ltd.

     1,500        40,487  

Moriroku Holdings Co. Ltd.(a)

     4,000        68,955  

Nihon Nohyaku Co. Ltd.(a)

     7,800        42,467  

Nippon Kayaku Co. Ltd.

     22,200        191,570  

Nippon Pillar Packing Co. Ltd.

     4,600        193,915  

Nippon Shokubai Co. Ltd.

     16,000        154,984  

Nippon Soda Co. Ltd.(a)

     5,100        204,209  

Okura Industrial Co. Ltd.

     2,000        41,428  

Osaka Organic Chemical Industry Ltd.(a)

     1,500        31,369  

Osaka Soda Co. Ltd.(a)

     977        62,360  

Riken Technos Corp.(a)

     13,800      91,547  

Sakai Chemical Industry Co. Ltd.(a)

     2,600        33,225  

Sakata INX Corp.

     4,600        47,840  

Sanyo Chemical Industries Ltd.(a)

     3,300        92,887  

Shin-Etsu Polymer Co. Ltd.

     8,100        82,367  

Stella Chemifa Corp.(a)

     1,400        34,134  

Sumitomo Bakelite Co. Ltd.

     10,000        305,791  

Sumitomo Seika Chemicals Co. Ltd.

     2,100        70,627  

T Hasegawa Co. Ltd.(a)

     3,200        64,066  

Taiyo Holdings Co. Ltd.

     7,400        165,754  

Takasago International Corp.

     1,700        38,865  

Teijin Ltd.

     13,900        129,499  

Tokai Carbon Co. Ltd.

     22,100        145,542  

Tokuyama Corp.

     7,900        141,719  

Toyobo Co. Ltd.

     9,500        70,742  

UBE Corp.(a)

     15,280        275,271  

Valqua Ltd.(a)

     4,100        138,974  
     

 

 

 
Total Chemicals

 

     5,868,978  
Commercial Services & Supplies – 1.4%

 

Aeon Delight Co. Ltd.

     2,900        67,832  

CTS Co. Ltd.

     7,600        40,022  

Daiei Kankyo Co. Ltd.

     3,600        63,558  

Daiseki Co. Ltd.

     1,640        39,498  

Inui Global Logistics Co. Ltd.(a)

     8,600        58,926  

Itoki Corp.(a)

     3,500        41,211  

Japan Elevator Service Holdings Co. Ltd.

     2,000        31,874  

Kimura Unity Co. Ltd.

     3,500        39,453  

Kokuyo Co. Ltd.

     12,300        202,122  

Nippon Kanzai Holdings Co. Ltd.

     2,000        33,909  

Nippon Parking Development Co. Ltd.(a)

     22,900        31,321  

Okamura Corp.

     11,100        166,487  

Pilot Corp.

     2,100        55,225  

Prestige International, Inc.(a)

     6,500        29,806  

Sato Holdings Corp.

     2,800        42,515  
     

 

 

 
Total Commercial Services & Supplies

 

     943,759  
Construction & Engineering – 5.2%

 

Asanuma Corp.(a)

     3,300        86,673  

CTI Engineering Co. Ltd.

     1,100        36,922  

Dai-Dan Co. Ltd.

     6,200        102,046  

Daiho Corp.(a)

     2,100        47,385  

EXEO Group, Inc.

     18,400        196,832  

Fudo Tetra Corp.

     2,400        32,667  

Hazama Ando Corp.(a)

     28,600        224,121  

JDC Corp.(a)

     10,100        35,837  

Kandenko Co. Ltd.

     19,000        219,571  

Kumagai Gumi Co. Ltd.

     3,600        99,309  

Kyudenko Corp.

     4,400        185,164  

Mirait One Corp.

     7,444        93,945  

Nippon Road Co. Ltd.

     5,100        64,093  

Nishimatsu Construction Co. Ltd.(a)

     5,900        174,063  

Nittoc Construction Co. Ltd.

     7,300        56,627  

Okumura Corp.

     4,800        161,432  

Oriental Shiraishi Corp.

     22,600        60,030  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Penta-Ocean Construction Co. Ltd.

     19,700      $ 101,126  

PS Mitsubishi Construction Co. Ltd.

     5,400        37,821  

Raito Kogyo Co. Ltd.

     5,800        78,064  

Raiznext Corp.

     3,800        54,510  

Sanki Engineering Co. Ltd.

     6,200        87,544  

Seikitokyu Kogyo Co. Ltd.(a)

     4,600        58,600  

SHO-BOND Holdings Co. Ltd.

     3,100        131,583  

Sumitomo Mitsui Construction Co. Ltd.

     16,140        45,857  

Taihei Dengyo Kaisha Ltd.

     1,300        39,555  

Taikisha Ltd.

     3,300        101,282  

Takamatsu Construction Group Co. Ltd.(a)

     2,500        46,913  

Tekken Corp.

     2,300        41,078  

Tess Holdings Co. Ltd.

     7,600        23,652  

Toa Corp.

     5,200        41,849  

Tobishima Corp.

     4,400        43,434  

Toda Corp.

     25,500        172,280  

Tokyu Construction Co. Ltd.

     20,700        114,206  

Totetsu Kogyo Co. Ltd.

     2,800        55,595  

Toyo Construction Co. Ltd.(a)

     5,000        43,345  

Wakachiku Construction Co. Ltd.

     1,700        40,494  

Yahagi Construction Co. Ltd.

     4,700        48,321  

Yokogawa Bridge Holdings Corp.

     5,700        111,066  

Yondenko Corp.

     2,200        58,509  

Yurtec Corp.

     7,800        78,234  
     

 

 

 
Total Construction & Engineering

 

     3,531,635  
Construction Materials – 1.1%

 

Asia Pile Holdings Corp.

     9,900        56,844  

Krosaki Harima Corp.

     6,400        148,218  

Shinagawa Refractories Co. Ltd.(a)

     9,700        123,505  

Sumitomo Osaka Cement Co. Ltd.(a)

     3,400        86,536  

Taiheiyo Cement Corp.

     11,400        265,067  

Yotai Refractories Co. Ltd.

     3,600        34,967  
     

 

 

 
Total Construction Materials

 

     715,137  
Consumer Finance – 0.1%

 

J Trust Co. Ltd.(a)

     14,700        44,194  
Consumer Staples Distribution & Retail – 2.5%

 

Aeon Hokkaido Corp.

     7,800        48,755  

Ain Holdings, Inc.

     1,600        58,420  

Arcs Co. Ltd.

     4,200        86,861  

Axial Retailing, Inc.

     7,200        49,429  

Cawachi Ltd.

     1,500        26,324  

Create SD Holdings Co. Ltd.

     3,900        85,037  

Fuji Co. Ltd.(a)

     4,900        60,382  

G-7 Holdings, Inc.

     5,100        48,592  

H2O Retailing Corp.

     9,900        127,229  

Heiwado Co. Ltd.

     2,700        36,287  

JM Holdings Co. Ltd.(a)

     2,800        51,691  

Kansai Food Market Ltd.(a)

     4,200        49,258  

Kato Sangyo Co. Ltd.

     2,900        87,856  

Life Corp.

     3,700        95,101  

Mitsubishi Shokuhin Co. Ltd.

     7,400        274,789  

Okuwa Co. Ltd.(a)

     6,200        40,638  

Qol Holdings Co. Ltd.

     3,600        42,031  

Retail Partners Co. Ltd.

     2,600      31,696  

San-A Co. Ltd.

     2,700        83,848  

United Super Markets Holdings, Inc.(a)

     7,300        48,331  

Valor Holdings Co. Ltd.

     6,800        112,686  

Yaoko Co. Ltd.(a)

     2,400        145,020  

Yokorei Co. Ltd.(a)

     4,500        30,952  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     1,721,213  
Containers & Packaging – 0.5%

 

FP Corp.(a)

     4,400        80,153  

Fuji Seal International, Inc.

     4,600        63,038  

Rengo Co. Ltd.

     22,081        170,701  

Tomoku Co. Ltd.(a)

     2,200        38,492  
     

 

 

 
Total Containers & Packaging

 

     352,384  
Distributors – 0.4%

 

Arata Corp.

     3,400        74,135  

Happinet Corp.(a)

     3,400        67,957  

Optimus Group Co. Ltd.

     7,200        51,950  

PALTAC Corp.

     2,800        76,131  

Yamae Group Holdings Co. Ltd.(a)

     1,600        29,538  
     

 

 

 
Total Distributors

 

     299,711  
Diversified Consumer Services – 0.3%

 

Aucnet, Inc.

     4,100        66,155  

Gakkyusha Co. Ltd.

     3,300        46,509  

Step Co. Ltd.

     4,300        56,938  

Tokyo Individualized Educational Institute, Inc.(a)

     18,000        51,379  
     

 

 

 
Total Diversified Consumer Services

 

     220,981  
Diversified Telecommunication Services – 0.1%

 

U-Next Holdings Co. Ltd.

     1,600        56,031  
Electric Utilities – 0.2%

 

Hokkaido Electric Power Co., Inc.

     6,200        34,420  

Shikoku Electric Power Co., Inc.

     11,400        90,276  
     

 

 

 
Total Electric Utilities

 

     124,696  
Electrical Equipment – 1.6%

 

Daihen Corp.

     2,300        141,181  

Furukawa Electric Co. Ltd.(a)

     6,026        128,885  

GS Yuasa Corp.(a)

     4,000        83,148  

Idec Corp.(a)

     3,800        67,817  

Mabuchi Motor Co. Ltd.

     9,900        181,522  

Nippon Carbon Co. Ltd.

     1,800        63,392  

Nitto Kogyo Corp.(a)

     3,700        101,212  

Sanyo Denki Co. Ltd.

     1,200        55,899  

Sinfonia Technology Co. Ltd.

     5,200        111,322  

SWCC Corp.

     2,200        56,401  

Toyo Tanso Co. Ltd.

     1,300        70,865  
     

 

 

 
Total Electrical Equipment

 

     1,061,644  
Electronic Equipment, Instruments & Components – 8.9%

 

A&D HOLON Holdings Co. Ltd.(a)

     3,300        63,233  

Ai Holdings Corp.

     6,600        107,278  

Alps Alpine Co. Ltd.(a)

     25,000        197,892  

Amano Corp.

     14,400        368,409  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Anritsu Corp.(a)

     19,000      $ 155,231  

Canon Electronics, Inc.(a)

     7,000        112,068  

Citizen Watch Co. Ltd.(a)

     37,100        242,929  

Daishinku Corp.

     6,100        32,285  

Daitron Co. Ltd.

     2,600        61,845  

Daiwabo Holdings Co. Ltd.(a)

     7,000        118,752  

Dexerials Corp.(a)

     4,200        185,572  

Elematec Corp.

     11,558        146,551  

ESPEC Corp.

     4,186        84,359  

Hagiwara Electric Holdings Co. Ltd.(a)

     1,600        47,309  

Hakuto Co. Ltd.(a)

     7,300        272,041  

Hioki EE Corp.(a)

     1,500        71,757  

Hochiki Corp.

     2,900        42,845  

Horiba Ltd.

     7,400        783,785  

Innotech Corp.

     4,400        58,843  

Iriso Electronics Co. Ltd.

     1,600        32,033  

Japan Aviation Electronics Industry Ltd.(a)

     5,600        91,727  

Kaga Electronics Co. Ltd.(a)

     5,800        244,501  

Koa Corp.(a)

     5,300        51,128  

Kyosan Electric Manufacturing Co. Ltd.

     8,900        30,638  

Marubun Corp.(a)

     11,400        116,527  

Maruwa Co. Ltd.

     200        42,816  

Maxell Ltd.

     4,900        51,576  

Meiko Electronics Co. Ltd.(a)

     1,600        57,300  

Nichicon Corp.(a)

     6,700        56,887  

Nippon Electric Glass Co. Ltd.

     14,600        373,525  

Nippon Signal Co. Ltd.

     7,300        50,067  

Nissha Co. Ltd.

     6,100        59,329  

Nohmi Bosai Ltd.

     4,966        75,305  

Oki Electric Industry Co. Ltd.(a)

     6,800        51,850  

Optex Group Co. Ltd.

     3,300        43,173  

Osaki Electric Co. Ltd.

     6,500        29,334  

Restar Corp.

     5,400        108,289  

Riken Keiki Co. Ltd.(a)

     2,000        50,547  

RYODEN Corp.(a)

     3,900        69,834  

Sanshin Electronics Co. Ltd.

     4,400        62,535  

Santec Holdings Corp.

     2,200        77,479  

Satori Electric Co. Ltd.

     2,500        43,923  

Shibaura Electronics Co. Ltd.

     1,400        56,612  

Siix Corp.

     4,400        50,208  

Sumida Corp.

     7,500        60,805  

Sun-Wa Technos Corp.

     4,100        64,746  

Suzuden Corp.

     6,300        89,914  

Tachibana Eletech Co. Ltd.

     4,800        102,600  

Takachiho Koheki Co. Ltd.(a)

     2,800        70,303  

TAKEBISHI Corp.

     2,900        39,089  

Tokyo Electron Device Ltd.(a)

     4,900        223,073  

Tomen Devices Corp.

     1,500        65,116  

Topcon Corp.

     12,600        148,399  

Yokowo Co. Ltd.

     3,100        32,363  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     6,026,535  
Energy Equipment & Services – 0.1%

 

Toyo Kanetsu KK

     1,500        44,699  
Entertainment – 0.4%

 

Daiichikosho Co. Ltd.

     14,700      188,285  

Marvelous, Inc.

     12,200        56,024  
     

 

 

 
Total Entertainment

 

     244,309  
Financial Services – 0.6%

 

eGuarantee, Inc.

     3,900        46,178  

Financial Partners Group Co. Ltd.

     14,200        202,850  

Japan Investment Adviser Co. Ltd.

     3,800        27,092  

Japan Securities Finance Co. Ltd.

     10,700        118,422  
     

 

 

 
Total Financial Services

 

     394,542  
Food Products – 4.0%

 

Ariake Japan Co. Ltd.(a)

     2,400        83,412  

Chubu Shiryo Co. Ltd.

     4,200        32,941  

DyDo Group Holdings, Inc.

     1,400        25,133  

Ezaki Glico Co. Ltd.

     3,900        109,080  

Feed One Co. Ltd.

     5,100        32,923  

Fuji Oil Holdings, Inc.(a)

     6,651        105,053  

Fujicco Co. Ltd.

     2,900        36,733  

Hokuto Corp.(a)

     2,400        29,591  

House Foods Group, Inc.

     4,700        96,146  

Itoham Yonekyu Holdings, Inc.

     5,680        150,496  

Kagome Co. Ltd.(a)

     5,800        141,029  

Kakiyasu Honten Co. Ltd.(a)

     2,800        58,832  

Kameda Seika Co. Ltd.(a)

     1,100        31,035  

Kewpie Corp.

     9,300        173,901  

Kyokuyo Co. Ltd.(a)

     1,400        34,596  

Maruha Nichiro Corp.

     6,900        135,565  

Megmilk Snow Brand Co. Ltd.

     6,200        111,632  

Mitsui DM Sugar Holdings Co. Ltd.

     6,500        133,784  

Morinaga & Co. Ltd.

     5,900        102,352  

Morinaga Milk Industry Co. Ltd.

     7,700        159,042  

Nippn Corp.

     7,400        115,979  

Nisshin Oillio Group Ltd.

     5,800        197,364  

Nissui Corp.

     29,600        187,776  

Prima Meat Packers Ltd.

     4,900        74,563  

Riken Vitamin Co. Ltd.

     5,300        90,280  

S Foods, Inc.

     3,000        66,404  

Sakata Seed Corp.

     2,500        61,614  

Showa Sangyo Co. Ltd.

     2,600        60,127  

Starzen Co. Ltd.

     3,200        59,921  

Warabeya Nichiyo Holdings Co. Ltd.

     1,900        35,013  
     

 

 

 
Total Food Products

 

     2,732,317  
Gas Utilities – 1.0%

 

Hokkaido Gas Co. Ltd.

     2,600        43,429  

Nippon Gas Co. Ltd.

     18,000        305,600  

Saibu Gas Holdings Co. Ltd.

     6,000        76,276  

Shizuoka Gas Co. Ltd.

     4,600        28,935  

Toho Gas Co. Ltd.

     8,200        187,683  
     

 

 

 
Total Gas Utilities

 

     641,923  
Ground Transportation – 0.9%

 

Alps Logistics Co. Ltd.(a)

     3,400        66,250  

Fukuyama Transporting Co. Ltd.(a)

     1,900        45,509  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Ichinen Holdings Co. Ltd.

     3,600      $ 41,769  

Keikyu Corp.

     6,700        61,668  

Maruzen Showa Unyu Co. Ltd.

     2,200        68,030  

Nankai Electric Railway Co. Ltd.

     2,400        50,602  

Nikkon Holdings Co. Ltd.(a)

     7,300        142,508  

Nishi-Nippon Railroad Co. Ltd.(a)

     3,300        54,926  

Sakai Moving Service Co. Ltd.

     1,900        32,088  

Sotetsu Holdings, Inc.(a)

     4,000        72,655  
     

 

 

 
Total Ground Transportation

 

     636,005  
Health Care Equipment & Supplies – 1.7%

 

Eiken Chemical Co. Ltd.(a)

     5,300        70,038  

Hogy Medical Co. Ltd.(a)

     2,100        52,033  

Japan Lifeline Co. Ltd.

     13,100        105,427  

Jeol Ltd.(a)

     2,800        115,778  

Mani, Inc.

     5,400        70,807  

Menicon Co. Ltd.(a)

     3,900        40,805  

Mizuho Medy Co. Ltd.(a)

     4,000        88,936  

Nagaileben Co. Ltd.

     3,200        50,322  

Nakanishi, Inc.

     4,300        66,910  

Nihon Kohden Corp.

     6,000        158,737  

Nipro Corp.(a)

     8,223        66,585  

Paramount Bed Holdings Co. Ltd.

     4,806        82,691  

PHC Holdings Corp.(a)

     21,700        177,219  

Shofu, Inc.

     1,600        31,060  
     

 

 

 
Total Health Care Equipment & Supplies

 

     1,177,348  
Health Care Providers & Services – 1.0%

 

As One Corp.

     6,800        119,335  

France Bed Holdings Co. Ltd.

     5,000        42,552  

HU Group Holdings, Inc.(a)

     9,900        159,805  

Ship Healthcare Holdings, Inc.

     6,518        90,527  

Solasto Corp.

     11,900        43,324  

Toho Holdings Co. Ltd.(a)

     2,500        60,326  

Tokai Corp.

     3,500        50,646  

Vital KSK Holdings, Inc.(a)

     10,800        89,629  
     

 

 

 
Total Health Care Providers & Services

 

     656,144  
Health Care Technology – 0.0%

 

EM Systems Co. Ltd.

     6,400        29,982  
Hotels, Restaurants & Leisure – 2.0%

 

Create Restaurants Holdings, Inc.

     7,300        50,646  

Curves Holdings Co. Ltd.

     6,100        32,365  

Doutor Nichires Holdings Co. Ltd.

     4,300        59,097  

Food & Life Cos. Ltd.

     3,500        66,556  

Heiwa Corp.(a)

     19,600        259,788  

Hiday Hidaka Corp.

     2,322        41,286  

Ichibanya Co. Ltd.

     13,000        103,162  

KFC Holdings Japan Ltd.(a)

     1,900        56,431  

KOMEDA Holdings Co. Ltd.

     4,700        84,873  

Koshidaka Holdings Co. Ltd.(a)

     3,400        21,185  

Kyoritsu Maintenance Co. Ltd.(a)

     1,400        32,423  

Monogatari Corp.

     1,400        43,430  

Ohsho Food Service Corp.

     2,400        124,167  

Resorttrust, Inc.

     8,800        154,376  

Round One Corp.

     12,300        63,960  

Royal Holdings Co. Ltd.

     1,600      26,556  

Saizeriya Co. Ltd.

     900        31,517  

St. Marc Holdings Co. Ltd.

     3,500        50,230  

Tokyotokeiba Co. Ltd.(a)

     1,800        53,104  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     1,355,152  
Household Durables – 2.4%

 

Casio Computer Co. Ltd.(a)

     32,300        276,592  

ES-Con Japan Ltd.

     14,800        101,701  

Eslead Corp.

     2,700        62,886  

Fuji Corp. Ltd.

     9,900        50,630  

Fujitsu General Ltd.(a)

     4,900        60,997  

Hoosiers Holdings Co. Ltd.

     10,500        78,189  

JVCKenwood Corp.

     16,300        101,670  

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

     2,100        53,560  

Meiwa Estate Co. Ltd.(a)

     4,800        33,745  

Pressance Corp.(a)

     4,917        58,934  

Sangetsu Corp.

     14,000        308,963  

Tama Home Co. Ltd.

     8,000        239,982  

Tamron Co. Ltd.

     3,700        168,198  

Zojirushi Corp.

     5,700        54,460  
     

 

 

 
Total Household Durables

 

     1,650,507  
Household Products – 0.5%

 

Earth Corp.(a)

     1,600        45,618  

Pigeon Corp.

     19,900        191,117  

ST Corp.

     4,800        49,032  

Transaction Co. Ltd.

     2,600        38,894  
     

 

 

 
Total Household Products

 

     324,661  
Independent Power & Renewable Electricity Producers – 0.1%

 

West Holdings Corp.

     2,800        53,264  
Industrial Conglomerates – 0.4%

 

Gakken Holdings Co. Ltd.

     4,800        29,813  

Mie Kotsu Group Holdings, Inc.(a)

     7,800        32,469  

Nisshinbo Holdings, Inc.

     13,600        110,708  

TOKAI Holdings Corp.(a)

     12,200        79,643  
     

 

 

 
Total Industrial Conglomerates

 

     252,633  
Insurance – 0.2%

 

FP Partner, Inc.

     2,600        109,947  
Interactive Media & Services – 0.5%

 

Infocom Corp.

     3,600        65,509  

Kakaku.com, Inc.

     20,400        253,610  
     

 

 

 
Total Interactive Media & Services

 

     319,119  
IT Services – 2.1%

 

Base Co. Ltd.

     1,600        38,059  

Business Brain Showa-Ota, Inc.

     2,300        32,993  

Business Engineering Corp.

     1,500        37,216  

Comture Corp.

     2,700        36,090  

DTS Corp.

     6,300        167,340  

Future Corp.

     7,800        86,841  

ID Holdings Corp.

     3,600        36,846  

JBCC Holdings, Inc.

     2,800        60,498  

Mitsubishi Research Institute, Inc.

     1,900        62,268  

NEC Networks & System Integration Corp.

     11,700        195,973  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2024

 

 

 

Investments    Shares      Value  

NET One Systems Co. Ltd.

     9,800      $ 174,832  

NSD Co. Ltd.

     11,400        224,166  

SB Technology Corp.

     2,600        36,214  

Simplex Holdings, Inc.

     1,900        35,578  

TDC Soft, Inc.

     8,000        61,370  

TechMatrix Corp.

     2,400        29,369  

Uchida Yoko Co. Ltd.

     1,700        78,628  
     

 

 

 
Total IT Services

 

     1,394,281  
Leisure Products – 0.8%

 

Daikoku Denki Co. Ltd.(a)

     1,500        37,910  

Furyu Corp.(a)

     2,700        22,942  

GLOBERIDE, Inc.(a)

     3,300        44,285  

Mizuno Corp.

     1,600        67,237  

Roland Corp.

     3,800        114,493  

Tomy Co. Ltd.

     8,000        148,720  

Universal Entertainment Corp.(a)

     5,300        70,354  

Yonex Co. Ltd.(a)

     2,800        20,647  
     

 

 

 
Total Leisure Products

 

     526,588  
Life Sciences Tools & Services – 0.1%

 

Shin Nippon Biomedical Laboratories Ltd.(a)

     3,400        34,102  
Machinery – 6.7%

 

Aida Engineering Ltd.(a)

     6,500        38,181  

Alinco, Inc.

     4,800        32,952  

Anest Iwata Corp.

     4,800        42,975  

Bando Chemical Industries Ltd.

     7,000        87,416  

CKD Corp.(a)

     6,000        119,528  

DMG Mori Co. Ltd.(a)

     14,500        389,170  

Fujitec Co. Ltd.(a)

     4,700        117,791  

Fukushima Galilei Co. Ltd.

     1,300        50,679  

Furukawa Co. Ltd.

     2,600        31,112  

Glory Ltd.(a)

     3,700        69,431  

Harmonic Drive Systems, Inc.

     1,800        47,395  

Hitachi Zosen Corp.(a)

     9,635        83,971  

Hokuetsu Industries Co. Ltd.(a)

     2,800        37,297  

Hosokawa Micron Corp.

     1,100        34,524  

Iwaki Co. Ltd.

     2,300        44,071  

Japan Steel Works Ltd.

     4,403        98,565  

Kitz Corp.

     11,700        105,524  

Kyokuto Kaihatsu Kogyo Co. Ltd.

     3,300        56,583  

Makino Milling Machine Co. Ltd.

     1,300        53,771  

Max Co. Ltd.

     5,300        113,988  

Meidensha Corp.

     2,600        50,456  

METAWATER Co. Ltd.

     3,300        49,998  

Mitsubishi Logisnext Co. Ltd.

     3,200        40,046  

Mitsuboshi Belting Ltd.(a)

     7,100        219,082  

Morita Holdings Corp.

     3,500        37,857  

Nabtesco Corp.

     8,500        143,777  

Nachi-Fujikoshi Corp.

     1,900        43,814  

Nikkiso Co. Ltd.

     5,300        45,105  

Nippon Thompson Co. Ltd.(a)

     10,900        46,237  

Nissei ASB Machine Co. Ltd.

     1,100        38,667  

Nomura Micro Science Co. Ltd.(a)

     3,200        125,594  

Noritake Co. Ltd.

     4,200        119,052  

NTN Corp.(a)

     37,100      76,899  

Obara Group, Inc.(a)

     3,400        85,368  

Oiles Corp.

     4,100        61,441  

OKUMA Corp.(a)

     3,400        159,930  

Organo Corp.

     1,400        71,228  

OSG Corp.

     14,000        202,306  

Rheon Automatic Machinery Co. Ltd.

     2,800        28,917  

Ryobi Ltd.

     3,000        59,368  

Shibaura Machine Co. Ltd.(a)

     2,100        50,299  

Shibuya Corp.

     1,900        44,128  

Shinmaywa Industries Ltd.

     7,400        61,119  

Shinwa Co. Ltd.

     2,000        36,526  

Sodick Co. Ltd.

     6,400        30,489  

Star Micronics Co. Ltd.

     4,000        49,080  

Tadano Ltd.

     3,400        29,014  

Takeuchi Manufacturing Co. Ltd.

     4,100        165,252  

Takuma Co. Ltd.

     9,800        123,289  

Techno Smart Corp.

     3,300        44,677  

Teikoku Electric Manufacturing Co. Ltd.

     3,100        52,334  

Tocalo Co. Ltd.

     8,900        105,263  

Torishima Pump Manufacturing Co. Ltd.(a)

     3,500        65,747  

Tsubakimoto Chain Co.

     4,600        156,530  

Tsugami Corp.

     6,000        45,591  

Union Tool Co.

     1,200        35,601  

YAMABIKO Corp.

     3,900        51,460  
     

 

 

 
Total Machinery

 

     4,506,465  
Marine Transportation – 0.4%

 

Iino Kaiun Kaisha Ltd.(a)

     20,500        166,064  

NS United Kaiun Kaisha Ltd.(a)

     3,700        112,703  
     

 

 

 
Total Marine Transportation

 

     278,767  
Media – 0.8%

 

Carta Holdings, Inc.

     5,400        56,160  

Intage Holdings, Inc.(a)

     5,400        56,910  

Macromill, Inc.

     7,300        38,539  

Proto Corp.

     4,900        46,395  

SKY Perfect JSAT Holdings, Inc.(a)

     31,200        218,315  

ValueCommerce Co. Ltd.(a)

     5,800        41,657  

Zenrin Co. Ltd.

     9,200        51,609  
     

 

 

 
Total Media

 

     509,585  
Metals & Mining – 4.6%

 

Aichi Steel Corp.(a)

     1,700        44,762  

ARE Holdings, Inc.(a)

     11,800        150,633  

Daido Steel Co. Ltd.

     45,600        547,308  

Daiki Aluminium Industry Co. Ltd.(a)

     8,000        65,757  

Dowa Holdings Co. Ltd.(a)

     5,000        176,055  

Godo Steel Ltd.

     5,600        211,649  

Kurimoto Ltd.

     2,100        56,404  

Kyoei Steel Ltd.

     10,400        165,746  

Mitsubishi Materials Corp.(a)

     13,800        266,025  

Mitsubishi Steel Manufacturing Co. Ltd.(a)

     4,300        41,936  

Mitsui Mining & Smelting Co. Ltd.(a)

     10,600        329,672  

Nakayama Steel Works Ltd.(a)

     15,800        99,177  

Nippon Denko Co. Ltd.

     13,600        29,385  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Nippon Light Metal Holdings Co. Ltd.

     2,700      $ 32,451  

Nippon Yakin Kogyo Co. Ltd.(a)

     4,800        152,076  

OSAKA Titanium Technologies Co. Ltd.(a)

     1,800        31,280  

Sanyo Special Steel Co. Ltd.(a)

     5,800        86,150  

Toho Titanium Co. Ltd.(a)

     2,900        29,930  

Toho Zinc Co. Ltd.*

     1,700        12,873  

Tokyo Steel Manufacturing Co. Ltd.(a)

     18,900        207,801  

Tokyo Tekko Co. Ltd.(a)

     1,900        65,783  

Topy Industries Ltd.

     5,300        94,902  

UACJ Corp.

     7,000        203,740  
     

 

 

 
Total Metals & Mining

 

     3,101,495  
Oil, Gas & Consumable Fuels – 0.7%

 

Itochu Enex Co. Ltd.

     20,900        216,809  

Sala Corp.

     8,700        47,885  

San-Ai Obbli Co. Ltd.

     15,100        208,324  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     473,018  
Paper & Forest Products – 0.3%

 

Daio Paper Corp.(a)

     8,000        61,396  

Hokuetsu Corp.(a)

     10,300        130,941  

Tokushu Tokai Paper Co. Ltd.

     1,400        37,094  
     

 

 

 
Total Paper & Forest Products

 

     229,431  
Personal Care Products – 0.5%

 

Fancl Corp.

     7,200        95,290  

Mandom Corp.

     5,000        44,600  

Noevir Holdings Co. Ltd.

     6,100        210,796  
     

 

 

 
Total Personal Care Products

 

     350,686  
Pharmaceuticals – 1.1%

 

Daito Pharmaceutical Co. Ltd.

     2,200        34,073  

Fuji Pharma Co. Ltd.(a)

     3,000        32,826  

Kyorin Pharmaceutical Co. Ltd.(a)

     6,700        80,217  

Mochida Pharmaceutical Co. Ltd.

     3,600        76,593  

Sawai Group Holdings Co. Ltd.

     4,100        163,355  

Towa Pharmaceutical Co. Ltd.

     3,900        74,833  

Tsumura & Co.

     6,400        161,665  

ZERIA Pharmaceutical Co. Ltd.

     6,500        91,566  
     

 

 

 
Total Pharmaceuticals

 

     715,128  
Professional Services – 2.4%

 

Altech Corp.

     3,350        61,314  

Bell System24 Holdings, Inc.

     10,600        112,482  

Careerlink Co. Ltd.

     2,200        37,489  

Dip Corp.

     3,500        63,620  

en Japan, Inc.(a)

     3,800        67,742  

Forum Engineering, Inc.

     7,800        49,373  

FULLCAST Holdings Co. Ltd.

     1,900        18,065  

Funai Soken Holdings, Inc.

     3,640        59,358  

IR Japan Holdings Ltd.(a)

     2,000        17,615  

JAC Recruitment Co. Ltd.

     18,700        98,971  

Matching Service Japan Co. Ltd.

     4,700        36,614  

MEITEC Group Holdings, Inc.

     11,600        228,942  

Nihon M&A Center Holdings, Inc.(a)

     26,300        171,516  

Nomura Co. Ltd.

     9,900        59,853  

Open Up Group, Inc.

     6,200        86,315  

Pasona Group, Inc.

     2,700      49,738  

Quick Co. Ltd.

     2,900        45,700  

TechnoPro Holdings, Inc.

     6,600        135,101  

TKC Corp.

     4,900        120,602  

Transcosmos, Inc.(a)

     4,500        93,363  

World Holdings Co. Ltd.

     2,100        35,480  
     

 

 

 
Total Professional Services

 

     1,649,253  
Real Estate Management & Development – 2.6%

 

Aoyama Zaisan Networks Co. Ltd.

     5,400        45,528  

Arealink Co. Ltd.

     1,600        29,073  

Dear Life Co. Ltd.

     12,500        89,778  

Good Com Asset Co. Ltd.

     5,100        31,036  

Grandy House Corp.

     9,700        39,865  

Heiwa Real Estate Co. Ltd.(a)

     5,700        153,662  

Ichigo, Inc.

     43,700        133,689  

Japan Property Management Center Co. Ltd.

     5,500        45,680  

JINUSHI Co. Ltd.

     2,700        45,724  

Katitas Co. Ltd.(a)

     6,100        80,570  

Keihanshin Building Co. Ltd.

     4,700        50,775  

LA Holdings Co. Ltd.

     1,500        50,348  

Loadstar Capital KK

     3,000        56,513  

Mirarth Holdings, Inc.

     20,200        68,737  

Raysum Co. Ltd.

     2,700        64,135  

Relo Group, Inc.

     11,800        97,109  

SAMTY Co. Ltd.

     9,000        166,804  

Starts Corp., Inc.

     10,000        225,313  

Sun Frontier Fudousan Co. Ltd.

     8,800        114,023  

Tosei Corp.

     8,600        140,639  
     

 

 

 
Total Real Estate Management & Development

 

     1,729,001  
Semiconductors & Semiconductor Equipment – 2.5%

 

Ferrotec Holdings Corp.(a)

     6,300        123,132  

Furuya Metal Co. Ltd.

     700        52,450  

Japan Material Co. Ltd.

     3,600        57,302  

Micronics Japan Co. Ltd.

     3,400        200,390  

Mimasu Semiconductor Industry Co. Ltd.

     2,600        54,201  

Mitsui High-Tec, Inc.

     1,400        80,691  

Optorun Co. Ltd.

     4,500        61,489  

Rorze Corp.

     700        99,904  

Shibaura Mechatronics Corp.(a)

     1,800        76,236  

Shindengen Electric Manufacturing Co. Ltd.

     2,000        40,239  

Tokyo Seimitsu Co. Ltd.

     6,100        490,717  

Towa Corp.(a)

     700        49,351  

Ulvac, Inc.

     3,600        234,513  

Yamaichi Electronics Co. Ltd.

     4,200        69,100  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     1,689,715  
Software – 0.9%

 

Computer Engineering & Consulting Ltd.

     3,400        34,934  

Cresco Ltd.

     2,900        40,718  

Digital Arts, Inc.

     1,200        34,768  

Fuji Soft, Inc.(a)

     3,200        127,074  

Fukui Computer Holdings, Inc.

     2,200        37,751  

I’ll, Inc.

     1,090        21,642  

Justsystems Corp.(a)

     1,300        22,926  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Miroku Jyoho Service Co. Ltd.

     4,900      $ 58,698  

Systena Corp.

     57,200        102,801  

UNITED, Inc.

     9,300        55,058  

WingArc1st, Inc.

     2,000        40,504  
     

 

 

 
Total Software

 

     576,874  
Specialty Retail – 4.1%

 

Adastria Co. Ltd.

     5,122        130,466  

Alleanza Holdings Co. Ltd.(a)

     5,000        34,359  

Alpen Co. Ltd.(a)

     2,800        37,261  

AOKI Holdings, Inc.

     12,100        91,782  

Aoyama Trading Co. Ltd.

     4,900        56,821  

ARCLANDS Corp.

     6,179        72,877  

Asahi Co. Ltd.

     7,600        67,139  

Autobacs Seven Co. Ltd.(a)

     15,500        164,222  

Bic Camera, Inc.(a)

     8,000        67,766  

DCM Holdings Co. Ltd.

     17,600        171,761  

EDION Corp.(a)

     10,800        110,465  

Geo Holdings Corp.(a)

     1,400        17,825  

Hard Off Corp. Co. Ltd.

     3,500        39,314  

Honeys Holdings Co. Ltd.(a)

     4,900        57,630  

IDOM, Inc.

     16,100        110,422  

Joshin Denki Co. Ltd.(a)

     2,900        44,608  

Joyful Honda Co. Ltd.(a)

     5,900        85,413  

K’s Holdings Corp.(a)

     21,400        189,404  

Kohnan Shoji Co. Ltd.

     2,800        81,403  

Kojima Co. Ltd.(a)

     5,000        27,190  

Komehyo Holdings Co. Ltd.(a)

     1,100        28,964  

Komeri Co. Ltd.(a)

     3,000        68,585  

KU Holdings Co. Ltd.

     4,600        35,136  

Nafco Co. Ltd.(a)

     2,000        35,072  

New Art Holdings Co. Ltd.(a)

     5,300        59,603  

Nextage Co. Ltd.(a)

     3,800        72,914  

Nishimatsuya Chain Co. Ltd.

     3,500        57,537  

Nissan Tokyo Sales Holdings Co. Ltd.

     13,100        51,934  

Nojima Corp.

     7,400        83,415  

PAL GROUP Holdings Co. Ltd.

     7,400        126,931  

Scroll Corp.

     11,400        72,312  

T-Gaia Corp.

     7,900        107,634  

United Arrows Ltd.(a)

     2,800        36,854  

VT Holdings Co. Ltd.

     15,854        56,043  

World Co. Ltd.

     7,100        100,768  

Xebio Holdings Co. Ltd.

     5,000        32,707  

Yellow Hat Ltd.

     8,400        110,505  
     

 

 

 
Total Specialty Retail

 

     2,795,042  
Technology Hardware, Storage & Peripherals – 0.5%

 

Elecom Co. Ltd.

     7,700        78,554  

MCJ Co. Ltd.

     10,400        94,005  

Riso Kagaku Corp.(a)

     5,100        104,463  

Toshiba TEC Corp.

     2,500        50,217  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     327,239  
Textiles, Apparel & Luxury Goods – 1.2%

 

Baroque Japan Ltd.(a)

     11,900        59,757  

Descente Ltd.(a)

     2,600        59,354  

Fujibo Holdings, Inc.(a)

     1,200      35,403  

Gunze Ltd.

     2,000        72,946  

Japan Wool Textile Co. Ltd.

     6,000        58,595  

Kurabo Industries Ltd.

     2,200        50,877  

Morito Co. Ltd.

     6,200        64,439  

Onward Holdings Co. Ltd.

     21,039        79,377  

Seiko Group Corp.(a)

     4,600        126,744  

Wacoal Holdings Corp.

     5,500        134,970  

Yondoshi Holdings, Inc.(a)

     5,600        69,230  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     811,692  
Trading Companies & Distributors – 3.4%

 

Advan Group Co. Ltd.

     6,800        52,164  

Alconix Corp.

     4,000        38,667  

Chori Co. Ltd.

     3,800        85,493  

Daiichi Jitsugyo Co. Ltd.

     3,800        53,455  

Hanwa Co. Ltd.

     5,700        223,337  

Inaba Denki Sangyo Co. Ltd.

     7,600        176,009  

Inabata & Co. Ltd.

     7,600        159,437  

Japan Pulp & Paper Co. Ltd.

     900        30,804  

Kamei Corp.

     3,700        52,244  

Kanaden Corp.

     3,200        31,927  

Kanamoto Co. Ltd.

     3,200        56,940  

Kanematsu Corp.

     13,000        222,644  

KPP Group Holdings Co. Ltd.(a)

     6,000        29,416  

Kyokuto Boeki Kaisha Ltd.

     3,500        47,778  

MARUKA FURUSATO Corp.

     1,400        20,342  

Mitsui Matsushima Holdings Co. Ltd.(a)

     4,800        92,419  

Nagase & Co. Ltd.

     9,900        167,066  

Nichiden Corp.(a)

     2,900        50,893  

Nishio Holdings Co. Ltd.

     3,200        81,826  

Onoken Co. Ltd.(a)

     2,900        36,005  

Sanyo Trading Co. Ltd.(a)

     3,500        33,486  

Sato Shoji Corp.

     3,500        40,910  

Seika Corp.

     2,000        48,961  

Senshu Electric Co. Ltd.

     2,100        69,170  

Shinsho Corp.

     1,600        76,329  

Trusco Nakayama Corp.

     4,700        80,277  

Wakita & Co. Ltd.

     3,200        33,682  

Yamazen Corp.(a)

     10,900        96,940  

Yuasa Trading Co. Ltd.

     3,200        113,119  
     

 

 

 
Total Trading Companies & Distributors

 

     2,301,740  
Transportation Infrastructure – 0.3%

 

Mitsubishi Logistics Corp.

     4,800        157,785  

Nissin Corp.

     3,100        59,339  
     

 

 

 
Total Transportation Infrastructure

 

     217,124  
Wireless Telecommunication Services – 0.2%

 

Okinawa Cellular Telephone Co.

     7,000        164,194  

TOTAL COMMON STOCKS

(Cost: $59,572,061)

 

 

     66,672,823  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments (concluded)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2024

 

 

 

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $17,580,382 and the total market value of the collateral held by the Fund was $18,730,849. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $10,392,685.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.3%

 

United States – 12.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(b)

     
(Cost: $8,338,164)      8,338,164      $ 8,338,164  

TOTAL INVESTMENTS IN SECURITIES – 111.0%

(Cost: $67,910,225)

 

 

     75,010,987  

Other Assets less Liabilities – (11.0)%

 

     (7,469,942
     

 

 

 
NET ASSETS – 100.0%

 

   $ 67,541,045  

 

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 NA

    4/3/2024       1,945,009,389       JPY       12,855,359       USD     $     $ (1,904

Bank of America NA

    4/3/2024       11,656,162       USD       1,736,388,147       JPY       181,366        

Bank of America NA

    5/7/2024       13,480,649       USD       2,029,076,281       JPY       1,724        

Barclays Bank PLC

    4/3/2024       1,945,009,389       JPY       12,855,359       USD             (1,904

Barclays Bank PLC

    4/3/2024       11,656,162       USD       1,736,395,140       JPY       181,319        

Barclays Bank PLC

    5/7/2024       13,480,649       USD       2,029,089,762       JPY       1,634        

Citibank NA

    4/3/2024       1,945,022,244       JPY       12,855,359       USD             (1,819

Citibank NA

    4/3/2024       3,237,823       USD       482,323,922       JPY       50,420        

Citibank NA

    5/7/2024       13,480,649       USD       2,029,103,243       JPY       1,544        

HSBC Holdings PLC

    4/3/2024       72,506,729       JPY       479,664       USD             (509

HSBC Holdings PLC

    4/3/2024       11,656,162       USD       1,736,386,981       JPY       181,373        

HSBC Holdings PLC

    4/3/2024       11,656,161       USD       1,736,386,832       JPY       181,373        

JP Morgan Chase Bank NA

    4/3/2024       1,945,012,768       JPY       12,855,355       USD             (1,878

JP Morgan Chase Bank NA

    5/7/2024       13,480,646       USD       2,029,075,830       JPY       1,724        

Royal Bank of Canada

    4/3/2024       1,945,009,556       JPY       12,855,359       USD             (1,903

Royal Bank of Canada

    4/3/2024       11,656,162       USD       1,736,391,608       JPY       181,343        

Royal Bank of Canada

    5/7/2024       13,480,649       USD       2,029,089,937       JPY       1,633        

Standard Chartered Bank

    4/3/2024       3,237,823       USD       483,858,650       JPY       40,278        
                                            $ 1,005,731     $ (9,917

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2—Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  
Assets:

 

     
Investments in Securities   

Common Stocks

   $ 66,672,823      $      $      $ 66,672,823  

Investment of Cash Collateral for Securities Loaned

            8,338,164               8,338,164  

Total Investments in Securities

   $ 66,672,823      $ 8,338,164      $      $ 75,010,987  
Financial Derivative Instruments            

Foreign Currency Contracts1

   $      $ 1,005,731      $      $ 1,005,731  
Liabilities:            
Financial Derivative Instruments            

Foreign Currency Contracts1

   $      $ (9,917    $      $ (9,917

Total – Net

   $ 66,672,823      $ 9,333,978      $      $ 76,006,801  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2024

 

 

 

     WisdomTree
Europe
Hedged Equity
Fund
    WisdomTree
Europe
Hedged
SmallCap
Equity Fund
    WisdomTree
International
Hedged
Quality
Dividend
Growth Fund
    WisdomTree
Japan Hedged
Equity Fund
    WisdomTree
Japan Hedged
SmallCap
Equity Fund
 

ASSETS:

 

Investments, at cost

  $ 1,453,801,734     $ 44,815,432     $ 1,947,034,032     $ 4,235,647,702     $ 67,910,225  

Investment in affiliates, at cost (Note 3)

                868,179              

Foreign currency, at cost

    891,902       74,724       1,503,241       5,010,163       1,558  

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

    1,934,842,035       48,655,369       2,418,283,249       4,949,229,091       75,010,987  

Investment in affiliates, at value (Note 3)

                1,150,249              

Cash

    617,287       1,448       1,328,577       2,088,835       45,903  

Foreign currency, at value

    887,839       74,535       1,503,875       5,010,219       1,784  

Unrealized appreciation on foreign currency contracts

    6,275,893       134,154       20,950,589       71,266,688       1,005,731  

Receivables:

 

Capital shares sold

    31,303,462       43,500       9,152,064              

Dividends

    426,112       58,794       5,114,863       42,905,558       808,479  

Securities lending income

    18,593       1,386       23,259       92,191       4,212  

Foreign tax reclaims

    7,354,446       117,165       6,079,165       2,644,935       5,061  

Other (Note 6)

    578,620       17,338       227,678              

Total Assets

    1,982,304,287       49,103,689       2,463,813,568       5,073,237,517       76,882,157  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

    23,744       550       251,518       1,311,966       9,917  

Payables:

 

Cash collateral received for securities loaned (Note 2)

    49,889,495       4,997,454       60,536,579       307,769,515       8,338,164  

Investment securities purchased

    31,127,032             20,495,595       71,026,130       960,601  

Advisory fees (Note 3)

    888,489       21,027       1,140,343       1,862,529       32,186  

Service fees (Note 2)

    6,740       160       8,653       17,073       244  

Other (Note 6)

    374,090       5,201       68,303              

Total Liabilities

    82,309,590       5,024,392       82,500,991       381,987,213       9,341,112  

NET ASSETS

  $ 1,899,994,697     $ 44,079,297     $ 2,381,312,577     $ 4,691,250,304     $ 67,541,045  

NET ASSETS:

 

Paid-in capital

  $ 3,495,978,299     $ 62,193,576     $ 2,073,990,181     $ 5,248,463,699     $ 77,708,953  

Total distributable earnings (loss)

    (1,595,983,602     (18,114,279     307,322,396       (557,213,395     (10,167,908

NET ASSETS

  $ 1,899,994,697     $ 44,079,297     $ 2,381,312,577     $ 4,691,250,304     $ 67,541,045  

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

    39,450,000       1,150,000       52,000,000       43,150,000       2,000,000  

Net asset value per share

  $ 48.16     $ 38.33     $ 45.79     $ 108.72     $ 33.77  

1 Includes market value of securities out on loan of:

  $ 142,839,982     $ 5,482,253     $ 138,461,692     $ 457,812,879     $ 17,580,382  

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      43  


Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2024

 

 

 

      WisdomTree
Europe Hedged
Equity Fund
     WisdomTree
Europe
Hedged
SmallCap
Equity Fund
    

WisdomTree
International
Hedged

Quality

Dividend

Growth Fund

     WisdomTree
Japan Hedged
Equity Fund
     WisdomTree
Japan Hedged
SmallCap
Equity Fund
 

INVESTMENT INCOME:

 

Dividends

   $ 59,530,060      $ 2,412,231      $ 46,660,419      $ 101,210,868      $ 1,756,776  

Dividends from affiliates (Note 3)

                   20,098                

Interest

                   63,923                

Non-cash dividends

     387,233        23,594                       

Other income (Note 6)

     2,822,416        17,490        201,725                

Securities lending income, net (Note 2)

     2,423,012        36,998        276,530        526,203        24,302  

Less: Foreign withholding taxes on dividends

     (7,285,944      (329,359      (4,404,856      (10,127,696      (176,316

Total investment income

     57,876,777        2,160,954        42,817,839        91,609,375        1,604,762  

EXPENSES:

 

Advisory fees (Note 3)

     8,410,181        282,076        10,427,133        13,956,299        278,903  

Service fees (Note 2)

     63,801        2,140        79,102        127,933        2,116  

Other fees (Note 6)

     809,450        5,018        58,768                

Total expenses

     9,283,432        289,234        10,565,003        14,084,232        281,019  

Expense waivers (Note 3)

                   (3,386              

Net expenses

     9,283,432        289,234        10,561,617        14,084,232        281,019  

Net investment income

     48,593,345        1,871,720        32,256,222        77,525,143        1,323,743  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions

     (49,617,505      (2,481,892      48,581,005        (82,370,186      (1,096,573

In-kind redemptions

     12,776,467        1,258,280               178,558,830        3,494,435  

Futures contracts

            4,007                       

Foreign currency contracts

     257,478        221,727        20,456,849        357,812,496        5,191,749  

Foreign currency related transactions

     60,992        4,725        133,775        (2,575,207      (46,649

Net realized gain (loss)

     (36,522,568      (993,153      69,171,629        451,425,933        7,542,962  

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions

     251,809,026        3,763,609        209,454,218        720,660,847        7,383,640  

Investment transactions in affiliates (Note 3)

                   126,630                

Foreign currency contracts

     37,078,496        1,359,681        44,353,215        99,026,901        1,452,754  

Translation of assets and liabilities denominated in foreign currencies

     (59,269      29        10,192        (412,045      (659

Net increase in unrealized appreciation/depreciation

     288,828,253        5,123,319        253,944,255        819,275,703        8,835,735  

Net realized and unrealized gain on investments

     252,305,685        4,130,166        323,115,884        1,270,701,636        16,378,697  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 300,899,030      $ 6,001,886      $ 355,372,106      $ 1,348,226,779      $ 17,702,440  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

    

WisdomTree Europe

Hedged Equity Fund

    WisdomTree Europe Hedged
SmallCap Equity Fund
    WisdomTree International Hedged
Quality Dividend Growth Fund
 
    

For the

Year Ended

March 31, 2024

   

For the

Year Ended

March 31, 2023

   

For the

Year Ended

March 31, 2024

   

For the

Year Ended

March 31, 2023

   

For the

Year Ended

March 31, 2024

   

For the

Year Ended

March 31, 2023

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 48,593,345     $ 41,397,465     $ 1,871,720     $ 2,357,253     $ 32,256,222     $ 40,343,152  

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

    (36,522,568     61,473,088       (993,153     (4,807,804     69,171,629       (122,646,277

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

    288,828,253       31,948,323       5,123,319       (154,286     253,944,255       132,616,560  

Net increase (decrease) in net assets resulting from operations

    300,899,030       134,818,876       6,001,886       (2,604,837     355,372,106       50,313,435  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (48,992,250     (40,224,525     (1,960,000     (2,393,909     (34,358,500     (152,589,770

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    290,026,390       23,922,673       10,188,628       19,411,083       663,713,322       351,881,143  

Cost of shares redeemed

    (44,534,131     (581,668,771     (19,117,867     (26,217,220           (30,111,720

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

    245,492,259       (557,746,098     (8,929,239     (6,806,137     663,713,322       321,769,423  

Net Increase (Decrease) in Net Assets

    497,399,039       (463,151,747     (4,887,353     (11,804,883     984,726,928       219,493,088  

NET ASSETS:

 

Beginning of year

  $ 1,402,595,658     $ 1,865,747,405     $ 48,966,650     $ 60,771,533     $ 1,396,585,649     $ 1,177,092,561  

End of year

  $ 1,899,994,697     $ 1,402,595,658     $ 44,079,297     $ 48,966,650     $ 2,381,312,577     $ 1,396,585,649  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    34,200,000 1      50,400,000 1      1,450,000       1,750,000       35,650,000       27,350,000  

Shares created

    6,350,000 1      600,000 1      300,000       550,000       16,350,000       9,100,000  

Shares redeemed

    (1,100,000 )1      (16,800,000 )1      (600,000     (850,000           (800,000

Shares outstanding, end of year

    39,450,000 1      34,200,000 1      1,150,000       1,450,000       52,000,000       35,650,000  

1 Shares were adjusted to reflect a 2:1 share split effective August 10, 2023.

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

    

WisdomTree Japan Hedged

Equity Fund

   

WisdomTree Japan Hedged

SmallCap Equity Fund

 
    

For the

Year Ended

March 31, 2024

   

For the

Year Ended

March 31, 2023

   

For the

Year Ended
March 31, 2024

   

For the

Year Ended
March 31, 2023

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 77,525,143     $ 54,558,772     $ 1,323,743     $ 592,040  

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

    451,425,933       195,447,523       7,542,962       395,893  

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

    819,275,703       (29,443,068     8,835,735       2,766,223  

Net increase in net assets resulting from operations

    1,348,226,779       220,563,227       17,702,440       3,754,156  

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (90,526,367     (70,598,895     (1,379,024     (888,720

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    2,710,937,218       425,626,096       44,737,147        

Cost of shares redeemed

    (807,569,239     (965,252,969     (17,644,299     (4,344,141

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

    1,903,367,979       (539,626,873     27,092,848       (4,344,141

Net Increase (Decrease) in Net Assets

    3,161,068,391       (389,662,541     43,416,264       (1,478,705

NET ASSETS:

 

Beginning of year

  $ 1,530,181,913     $ 1,919,844,454     $ 24,124,781     $ 25,603,486  

End of year

  $ 4,691,250,304     $ 1,530,181,913     $ 67,541,045     $ 24,124,781  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    21,700,000       29,700,000       1,000,000 1      1,200,000 1 

Shares created

    30,400,000       6,650,000       1,600,000 1      1 

Shares redeemed

    (8,950,000     (14,650,000     (600,000 )1      (200,000 )1 

Shares outstanding, end of year

    43,150,000       21,700,000       2,000,000 1      1,000,000 1 

1 Shares were adjusted to reflect a 2:1 share split effective August 10, 2023.

  

 

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Financial Highlights

WisdomTree Trust

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

 

 

WisdomTree Europe Hedged Equity Fund  

For the

Year Ended
March 31, 20241

   

For the

Year Ended
March 31, 20231

   

For the

Year Ended
March 31, 20221

    For the
Year Ended
March 31, 20211
    For the
Year Ended
March 31, 20201
 

Net asset value, beginning of year

  $ 41.01     $ 37.02     $ 36.36     $ 25.92     $ 31.95  

Investment operations:

 

Net investment income2

    1.40       1.06       0.69       0.88       0.76  

Net realized and unrealized gain (loss)

    7.17       3.88       0.81       10.43       (6.10

Total from investment operations

    8.57       4.94       1.50       11.31       (5.34

Dividends to shareholders:

 

Net investment income

    (1.42     (0.95     (0.84     (0.87     (0.69

Net asset value, end of year

  $ 48.16     $ 41.01     $ 37.02     $ 36.36     $ 25.92  

TOTAL RETURN3

    21.64     13.94     4.04     44.22     (17.15 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 1,899,995     $ 1,402,596     $ 1,865,747     $ 1,937,668     $ 2,200,271  

Ratios to average net assets of:

         

Expenses

    0.64 %4      0.79 %4      0.59 %4      0.58     0.58

Net investment income

    3.35     2.95     1.79     2.81     2.29

Portfolio turnover rate5

    30     38     34     55     26 %

 

           
WisdomTree Europe Hedged SmallCap Equity Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 33.77     $ 34.73     $ 33.96     $ 23.43     $ 30.17  

Investment operations:

 

Net investment income2

    1.32       1.73       0.75       1.02       1.22  

Net realized and unrealized gain (loss)

    4.48       (1.06     0.91       10.56       (6.92

Total from investment operations

    5.80       0.67       1.66       11.58       (5.70

Dividends to shareholders:

 

Net investment income

    (1.24     (1.63     (0.89     (1.05     (1.04

Net asset value, end of year

  $ 38.33     $ 33.77     $ 34.73     $ 33.96     $ 23.43  

TOTAL RETURN3

    17.76     2.53     4.86     50.50     (19.62 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 44,079     $ 48,967     $ 60,772     $ 37,353     $ 49,197  

Ratios to average net assets of:

 

Expenses

    0.59 %4      0.59 %4      0.63 %4      0.58     0.58

Net investment income

    3.85     5.34     2.08     3.59     3.99

Portfolio turnover rate5

    32     44     57     77     49
1 

Per share amounts were adjusted to reflect a 2:1 share split effective August 10, 2023.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period.

 

4 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree International Hedged Quality Dividend
Growth Fund
  For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 39.17     $ 43.04     $ 41.17     $ 30.61     $ 32.14  

Investment operations:

 

Net investment income1

    0.73       1.29       1.25       0.88       0.78  

Net realized and unrealized gain (loss)

    6.66       (0.45 )2      2.03       10.54       (1.59

Net increase from payment by affiliate

                0.00 3      0.08        

Total from investment operations

    7.39       0.84       3.28       11.50       (0.81

Dividends and distributions to shareholders:

 

Net investment income

    (0.77     (1.33     (1.41     (0.94     (0.72

Capital gains

          (3.38                  

Total dividends and distributions to shareholders

    (0.77     (4.71     (1.41     (0.94     (0.72

Net asset value, end of year

  $ 45.79     $ 39.17     $ 43.04     $ 41.17     $ 30.61  

TOTAL RETURN4

    19.09     3.00     7.93 %5      37.85 %6      (2.70 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 2,381,313     $ 1,396,586     $ 1,177,093     $ 899,491     $ 592,346  

Ratios to average net assets of:

 

Expenses7,8

    0.59 %9      0.59 %9      0.58     0.58     0.58

Net investment income

    1.79     3.35     2.85     2.37     2.32

Portfolio turnover rate10

    57     86     61     67     61

 

           
WisdomTree Japan Hedged Equity Fund   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

  $ 70.52     $ 64.64     $ 61.01     $ 42.64     $ 50.42  

Investment operations:

 

Net investment income1

    2.36       1.91       1.52       1.02       1.05  

Net realized and unrealized gain (loss)

    38.55       6.54       3.76       18.73       (7.52

Net increase from payment by affiliate

                      0.00 3       

Total from investment operations

    40.91       8.45       5.28       19.75       (6.47

Dividends to shareholders:

 

Net investment income

    (2.71     (2.57     (1.65     (1.38     (1.31

Net asset value, end of year

  $ 108.72     $ 70.52     $ 64.64     $ 61.01     $ 42.64  

TOTAL RETURN4

    58.99     13.48     8.79     46.97 %11      (13.26 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 4,691,250     $ 1,530,182     $ 1,919,844     $ 1,674,759     $ 1,709,801  

Ratios to average net assets of:

 

Expenses

    0.48     0.48     0.48     0.48     0.48

Net investment income

    2.67     2.93     2.45     2.03     2.08

Portfolio turnover rate10

    32     37     22     25     20
1 

Based on average shares outstanding.

 

2 

The amount of net realized and unrealized gain (loss) per share does not correspond with the amounts reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year.

 

3 

Amount represents less than $0.005.

 

4 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree International Hedged Quality Dividend Growth Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

5 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain equity transactions during the period. Excluding the voluntary reimbursement, total return would have been unchanged.

 

6 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.27% lower.

 

7 

Does not include expenses of the Underlying Funds in which the Fund invests.

8 

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

 

9 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

10 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

11 

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

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Financial Highlights (concluded)

WisdomTree Trust

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

 

 

WisdomTree Japan Hedged SmallCap
Equity Fund
   For the
Year Ended
March 31, 20241
     For the
Year Ended
March 31, 20231
     For the
Year Ended
March 31, 20221
     For the
Year Ended
March 31, 20211
     For the
Year Ended
March 31, 20201
 

Net asset value, beginning of year

   $ 24.12      $ 21.33      $ 22.38      $ 16.94      $ 19.79  

Investment operations:

 

Net investment income2

     0.79        0.56        0.49        0.32        0.37  

Net realized and unrealized gain (loss)

     9.67        3.06        (0.90      5.73        (2.76

Total from investment operations

     10.46        3.62        (0.41      6.05        (2.39

Dividends to shareholders:

 

Net investment income

     (0.81      (0.83      (0.64      (0.61      (0.46

Net asset value, end of year

   $ 33.77      $ 24.12      $ 21.33      $ 22.38      $ 16.94  

TOTAL RETURN3

     43.87      17.36      (1.80 )%       36.31      (12.41 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 67,541      $ 24,125      $ 25,603      $ 31,332      $ 44,049  

Ratios to average net assets of:

 

Expenses

     0.58      0.58      0.58      0.58      0.58

Net investment income

     2.75      2.52      2.26      1.67      1.90

Portfolio turnover rate4

     46      46      41      41      36
1 

Per share amounts were adjusted to reflect a 2:1 share split effective August 10, 2023.

2 

Based on average shares outstanding.

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period.

4 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Notes to Financial Statements

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.

 

   
Fund    Commencement
of Operations
 

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

     December 31, 2009  

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

     March 4, 2015  

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

     May 7, 2014  

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

     June 16, 2006  

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

     June 28, 2013  

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree, Inc. (“WisdomTree”) or an Index developed by a third party. WisdomTree 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 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 believe such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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

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

 

50   WisdomTree Trust


Notes to Financial Statements (continued)

 

Pursuant to Board-approved valuation procedures established by the Trust and WTAM, the Board has appointed WTAM as the Funds’ valuation designee (the “Valuation Designee”) to perform all fair valuations of the Funds’ portfolio investments, subject to the Board’s oversight. As the Valuation Designee, WTAM has established procedures for its fair valuation of a Fund’s portfolio investments. These procedures address, among other things, determining when market quotations are not readily available or reliable and the methodologies to be used for determining the fair value of investments, as well as the use and oversight of third-party pricing services for fair valuation. The Valuation Designee is comprised of senior representatives of WTAM and 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 the exchange or system on which it is principally traded, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Valuation Designee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Valuation Designee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

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

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

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended (either due to events affecting the issuer of the security specifically or events affecting the primary trading exchange more broadly) or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets in 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 (e.g., credit rating, debt ranking, coupon date, maturity date, etc.), 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

 

WisdomTree Trust      51  


Notes to Financial Statements (continued)

 

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 Valuation Designee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Valuation Designee 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 Valuation Designee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the fiscal year ended March 31, 2024, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the fiscal year ended March 31, 2024 and open positions in such derivatives as of March 31, 2024 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements may also contain credit-risk related contingent features which may include, but are not limited to, a threshold in the Funds’ derivative agreements on unrealized depreciation (i.e., the Funds’ obligation to the counterparty) above a specified dollar amount. If an event occurred at March 31, 2024 that triggered a contingent feature, the counterparty to the agreement may require a Fund to post collateral (or 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 due to a counterparty. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed in Note 2 — Master Netting Arrangements under the column entitled “Liabilities: Net Amount”. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2024, if any, is reflected as a footnote within each Fund’s Schedule of Investments. At March 31, 2024, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

As of March 31, 2024, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

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

Europe Hedged Equity Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
   $ 6,275,893      Unrealized depreciation on
foreign currency contracts
   $ 23,744  

Europe Hedged SmallCap Equity Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     134,154      Unrealized depreciation on
foreign currency contracts
     550  

International Hedged Quality Dividend Growth Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     20,950,589      Unrealized depreciation on
foreign currency contracts
     251,518  

Japan Hedged Equity Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     71,266,688      Unrealized depreciation on
foreign currency contracts
     1,311,966  

Japan Hedged SmallCap Equity Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     1,005,731      Unrealized depreciation on
foreign currency contracts
     9,917  

 

52   WisdomTree Trust


Notes to Financial Statements (continued)

 

For the fiscal year ended March 31, 2024, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

Europe Hedged Equity Fund

     

Foreign currency risk

   $ 257,478      $ 37,078,496  

Europe Hedged SmallCap Equity Fund

     

Equity risk

     4,007         

Foreign currency risk

     221,727        1,359,681  

International Hedged Quality Dividend Growth Fund

     

Foreign currency risk

     20,456,849        44,353,215  

Japan Hedged Equity Fund

     

Foreign currency risk

     357,812,496        99,026,901  

Japan Hedged SmallCap Equity Fund

     

Foreign currency risk

     5,191,749        1,452,754  

 

  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Equity risk

   Net realized gain (loss) from futures contracts

Foreign currency risk

   Net realized gain (loss) from foreign currency contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign currency risk

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

During the fiscal year ended March 31, 2024, the volume of derivative activity (based on the average of month-end notional balances, except where footnoted) for each Fund was as follows:

 

     
     Average Notional          
Fund   

Foreign currency
contracts
(to deliver

USD)

     Foreign currency
contracts
(to receive
USD)
     Futures
contracts
(long)
 

Europe Hedged Equity Fund

        

Foreign currency risk

   $ 1,448,950,437      $ 2,917,473,113      $  

Europe Hedged SmallCap Equity Fund

        

Equity risk1

                   17,093  

Foreign currency risk

     49,235,205        97,189,840         

International Hedged Quality Dividend Growth Fund

        

Foreign currency risk

     1,789,887,448        3,590,405,844         

Japan Hedged Equity Fund

        

Foreign currency risk

     2,877,261,895        5,796,479,668         

Japan Hedged SmallCap Equity Fund

        

Foreign currency risk

     48,147,185        96,387,142         
  1 

The volume of derivatives for the period is based on intra-month balances.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (less foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized on the ex-dividend date, or, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined, at the fair value of securities received. Upon notification from real estate investment trust (“REIT”) issuers or as estimated by management, all or a portion of the dividend income received from a REIT may be redesignated as a reduction of cost of the related investment and/or as a realized gain. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

 

WisdomTree Trust      53  


Notes to Financial Statements (continued)

 

Foreign Taxes — The Funds may be subject to foreign taxes (a portion of which may be reclaimable or refundable) on foreign income or capital gains on investment transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and tax rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are accrued and applied to foreign income as the foreign income is earned and are reflected on the Statements of Operations as follows: foreign taxes withheld on dividends are presented as a reduction to investment income in “Less: Foreign withholding taxes on dividends”, foreign taxes on capital gains from investment transactions, if any, are included in “Net realized gain (loss) from investment transactions”, and deferred foreign taxes on net unrealized appreciation on investments, if any, are included in “Net increase (decrease) in unrealized appreciation/depreciation on investment transactions”. Foreign taxes payable or deferred as of March 31, 2024, if any, are disclosed in the Statements of Assets and Liabilities in “Payables: Foreign capital gains tax”.

In certain foreign jurisdictions, when the Funds incur subsequent capital losses on investment transactions that occurred during the tax year in the applicable foreign jurisdiction, the Funds may be entitled to a refund on any foreign taxes paid on previous capital gain investment transactions that occurred during the tax year of the applicable foreign jurisdiction. Foreign capital gain tax refunds on investment transactions are included in “Net realized gain (loss) from investment transactions” on the Statements of Operations and foreign capital gain tax refunds that remain unpaid as of March 31, 2024, if any, are disclosed in the Statements of Assets and Liabilities in “Receivables: Foreign capital gains tax refund”.

The Funds file foreign tax reclaims in certain foreign jurisdictions to recover a portion of amounts previously withheld on dividend income if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims recorded relating to current fiscal year investment income are included in the Statements of Operations as a reduction to the balance shown for “Foreign withholding taxes on dividends” and foreign tax reclaims recorded, but not yet received as of March 31, 2024, if any, are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of “net realized gain (loss) from investment transactions” and “net increase (decrease) in unrealized appreciation/depreciation from investment transactions”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in “net realized gain (loss) from foreign currency contracts” and “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in “net realized gain (loss) from foreign currency related transactions” and/or “net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies” in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

 

54   WisdomTree Trust


Notes to Financial Statements (continued)

 

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes.

Foreign Currency Contracts — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes. During the fiscal year ended March 31, 2024, the Funds utilized foreign currency contracts primarily to offset exposure to foreign currencies consistent with each Fund’s investment objective. A foreign currency 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 foreign currency contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades.

Risks may arise upon entering into foreign currency 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 foreign currency contracts are recorded for book purposes as unrealized gains or losses on foreign currency contracts by the Funds and are included in “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts” on the Statements of Operations. Realized gains and losses on foreign currency contracts include net gains or losses recognized by the Funds on contracts which have settled and are included in “net realized gain (loss) from foreign currency contracts” on the Statements of Operations.

Futures Contracts — The Europe Hedged SmallCap Equity Fund utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with its investment objectives during the Fund’s annual portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency, equity, digital asset or U.S. Treasury security, collectively herein, “Reference Asset”) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified Reference Asset at a future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. A Fund may also cash settle upon the expiration date of a futures contract in which no physical delivery (or receipt) of the specified Reference Asset comprising the futures contract is made. Instead, settlement in cash would occur upon the expiration of the contract, with the cash settlement being the difference between the contract price and the actual price of the specified Reference Asset at the expiration date. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or U.S. government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Cash deposited as initial margin, if any, is shown as “Deposits at broker for futures contracts” in the Statements of Assets and Liabilities, and U.S. government securities deposited, if any, are designated in the Schedule of Investments. 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 unrealized net gain or loss is reclassified to realized gain or loss on futures. The Funds have adopted a derivatives risk management program pursuant to Rule 18f-4 under the 1940 Act to assess and manage the Funds’ derivatives risk. Rule 18f-4 limits the amount of derivatives a fund can enter into and replaces the asset segregation framework previously used by the Funds to comply with Section 18 of the 1940 Act.

As of March 31, 2024, there were no open futures contracts in the Funds.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities

 

WisdomTree Trust      55  


Notes to Financial Statements (continued)

 

because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend income earned on the securities loaned is accounted for in the same manner as other dividend income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter (“OTC”) derivatives, such as foreign currency 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 currency contracts, options and certain swaps). 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’ securities lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower. However, in the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

 

56   WisdomTree Trust


Notes to Financial Statements (continued)

 

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2024, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
         

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

 
Fund   Financial
Instruments
    Collateral
Received
    Net Amount     Financial
Instruments
    Collateral
Posted
 

Europe Hedged Equity Fund

               

Securities Lending

  $ 142,839,982     $     $ (142,839,982 )1    $     $     $     $     $  

Foreign Currency Contracts

    6,275,893       (22,008           6,253,885       23,744       (22,008           1,736  

Europe Hedged SmallCap Equity Fund

               

Securities Lending

    5,482,253             (5,482,253 )1                               

Foreign Currency Contracts

    134,154       (510           133,644       550       (510           40  

International Hedged Quality Dividend Growth Fund

               

Securities Lending

    138,461,692             (138,461,692 )1                               

Foreign Currency Contracts

    20,950,589       (245,887           20,704,702       251,518       (245,887           5,631  

Japan Hedged Equity Fund

               

Securities Lending

    457,812,879             (457,812,879 )1                               

Foreign Currency Contracts

    71,266,688       (934,772           70,331,916       1,311,966       (934,772           377,194  

Japan Hedged SmallCap Equity Fund

               

Securities Lending

    17,580,382             (17,580,382 )1                               

Foreign Currency Contracts

    1,005,731       (9,763           995,968       9,917       (9,763           154  
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Restricted Securities — Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is included at the end of each Fund’s Schedule of Investments.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations (i.e., tax basis) which may differ to amounts determined under GAAP (i.e., book basis). These book/tax differences are either considered temporary or permanent in nature. To the extent these

 

WisdomTree Trust      57  


Notes to Financial Statements (continued)

 

differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

Europe Hedged Equity Fund

     0.58

Europe Hedged SmallCap Equity Fund

     0.58

International Hedged Quality Dividend Growth Fund

     0.58

Japan Hedged Equity Fund

     0.48

Japan Hedged SmallCap Equity Fund

     0.58

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the fiscal year ended March 31, 2024, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of its advisory fees, that it would otherwise charge, for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (e.g., fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statements of Operations in “Expense waivers”.

During the fiscal year ended March 31, 2024, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2024, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/(Loss)
 

Europe Hedged Equity Fund

   $ 13,900,727      $ 32,755,005      $ (755,807

Europe Hedged SmallCap Equity Fund

     1,435,872        1,332,909        (214,367

International Hedged Quality Dividend Growth Fund

     89,119,738        47,632,980        (2,013,525

Japan Hedged Equity Fund

     39,154,651        65,185,608        (2,945,621

Japan Hedged SmallCap Equity Fund

     1,123,093        1,660,946        105,790  

WTAM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2024, WT held shares of and received distributions from the following Funds, which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

     
     At March 31, 2024      For the Fiscal Year Ended
March 31, 2024
 
Fund    Fund Shares
held by WT
    

Market Value of
Fund Shares

held by WT

    

Dividends and
Distributions paid to

WT on Fund Shares

held by WT

 

Japan Hedged Equity Fund

     15      $ 1,628      $ 42  

 

58   WisdomTree Trust


Notes to Financial Statements (continued)

 

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2024, 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 to an authorized participant (“AP”). Except when aggregated in creation units (“Creation Unit Aggregations”), 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 (“Deposit Securities”) and/or an amount of cash (“Cash Component”). Creation Unit Aggregations may be created in advance of receipt by a Fund of all or a portion of the applicable Deposit Securities from APs. In these circumstances, the initial deposit received from the AP will have a value greater than the NAV of the applicable Fund’s shares on the date the order is placed in proper form since, in addition to available Deposit Securities, U.S. cash must be deposited by the AP in an amount equal to the sum of (i) the Cash Component, plus (ii) generally between 102%-110%, as directed by the Trust or WTAM, which the Trust or WTAM may change from time to time, of the market value of the undelivered Deposit Securities (the “Additional Cash Deposit”) with the Fund pending delivery of any missing Deposit Securities. The Fund will return any unused portion of the Additional Cash Deposit once all of the missing Deposit Securities have been properly received from the AP or purchased by the Fund. Amounts due to be returned to an AP as of March 31, 2024, if any, is shown in the Statements of Assets and Liabilities in “Payables: Deposit due to authorized participant”.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2024 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Europe Hedged Equity Fund

   $ 478,581,343      $ 440,292,155      $ 276,529,954      $ 44,374,417  

Europe Hedged SmallCap Equity Fund

     16,687,747        15,295,856        10,104,104        19,015,947  

International Hedged Quality Dividend Growth Fund

     1,105,401,663        1,025,160,161        626,634,582         

Japan Hedged Equity Fund

     1,441,415,746        931,613,285        2,593,369,494        803,559,397  

Japan Hedged SmallCap Equity Fund

     28,909,260        22,254,810        44,515,962        18,384,946  

6. FEDERAL INCOME TAXES

At March 31, 2024, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation
    Total Net
Unrealized
Appreciation
 

Europe Hedged Equity Fund

  $ 1,482,262,708     $ 516,022,369     $ (63,443,042   $ 452,579,327             $     $     $     $ 452,579,327  

Europe Hedged SmallCap Equity Fund

    45,291,176       5,986,085       (2,621,892     3,364,193                                 3,364,193  

International Hedged Quality Dividend Growth Fund

    1,972,229,869       509,458,996       (62,255,367     447,203,629               63,635       (2,711     60,924       447,264,553  

Japan Hedged Equity Fund

    4,268,937,697       780,268,831       (99,977,437     680,291,394                                 680,291,394  

Japan Hedged SmallCap Equity Fund

    68,136,433       8,474,205       (1,599,651     6,874,554                                 6,874,554  
  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.

 

WisdomTree Trust      59  


Notes to Financial Statements (continued)

 

At March 31, 2024, the components of total distributable earnings (loss) on a tax-basis were as follows:

 

             
Fund   Undistributed
Ordinary Income
   

Undistributed

Capital and

Other Losses

    Net Unrealized
Appreciation
    Currency and
Other Unrealized
Appreciation/
(Depreciation)
    Other
Temporary
Differences1
    Total Distributable
Earnings (Loss)
 

Europe Hedged Equity Fund

  $ 1,157,204     $ (2,049,684,104   $ 452,579,327     $ (483,740   $ 447,711     $ (1,595,983,602

Europe Hedged SmallCap Equity Fund

    80,644       (21,567,911     3,364,193       (3,167     11,962       (18,114,279

International Hedged Quality Dividend Growth Fund

    1,836,015       (141,997,043     447,203,629       112,489       167,306       307,322,396  

Japan Hedged Equity Fund

    23,575,129       (1,260,607,164     680,291,394       (472,754           (557,213,395

Japan Hedged SmallCap Equity Fund

    218,546       (17,259,628     6,874,554       (1,380           (10,167,908
  1 

The treatment of certain income/expense items have been recognized for GAAP but disallowed for tax purposes.

The tax character of distributions paid during the fiscal years ended March 31, 2024 and March 31, 2023, was as follows:

 

     
     Year Ended March 31, 2024      Year Ended March 31, 2023  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Capital Gains
 

Europe Hedged Equity Fund

   $ 48,992,250      $ 40,224,525      $  

Europe Hedged SmallCap Equity Fund

     1,960,000        2,393,909         

International Hedged Quality Dividend Growth Fund

     34,358,500        57,349,516        95,240,254  

Japan Hedged Equity Fund

     90,526,367        70,598,895         

Japan Hedged SmallCap Equity Fund

     1,379,024        888,720         
  *

Includes short-term capital gains, if any.

At March 31, 2024, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the following table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term      Long-Term     

Capital Loss

Available Total

 

Europe Hedged Equity Fund

   $ 934,045,874      $ 1,115,638,230      $ 2,049,684,104  

Europe Hedged SmallCap Equity Fund

     12,381,721        9,186,190        21,567,911  

International Hedged Quality Dividend Growth Fund

     141,997,043               141,997,043  

Japan Hedged Equity Fund

     774,958,874        485,648,290        1,260,607,164  

Japan Hedged SmallCap Equity Fund

     8,735,850        8,523,778        17,259,628  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year. At March 31, 2024, the Funds did not have any post-October losses or late year ordinary losses to defer.

During the fiscal year ended March 31, 2024, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

   
Fund   

Utilized

Capital Loss
Carryforward

 

Europe Hedged Equity Fund

   $  

Europe Hedged SmallCap Equity Fund

      

International Hedged Quality Dividend Growth Fund

      

Japan Hedged Equity Fund

     377,975,666  

Japan Hedged SmallCap Equity Fund

     5,490,112  

 

60   WisdomTree Trust


Notes to Financial Statements (continued)

 

At March 31, 2024, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind.

 

     
Fund    Total Distributable
Earnings (Loss)
     Paid-in Capital  

Europe Hedged Equity Fund

   $ (11,055,979    $ 11,055,979  

Europe Hedged SmallCap Equity Fund

     (419,656      419,656  

International Hedged Quality Dividend Growth Fund

             

Japan Hedged Equity Fund

     (156,228,013      156,228,013  

Japan Hedged SmallCap Equity Fund

     (3,287,674      3,287,674  

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. As of and during the fiscal year ended March 31, 2024, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Specific to U.S. federal and state taxes, generally, each of the tax years in the four-year period ended March 31, 2024, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions. The open tax years vary by each jurisdiction in which each Fund invests.

As a result of several European Court of Justice (“ECJ”) court cases in certain countries across the European Union (“EU”), certain Funds have filed additional tax reclaims for previously withheld taxes on dividends earned in those countries (“ECJ tax reclaims”). These additional filings are subject to various administrative proceedings by the local jurisdictions’ tax authorities within the EU, as well as a number of related judicial proceedings. Income recognized, if any, for ECJ tax reclaims is reflected as “Other income” in the Statements of Operations and the cost to file these additional ECJ tax reclaims is reflected as “Other fees” in the Statements of Operations. When the ECJ tax reclaim is not “more likely than not” to be sustained assuming examination by tax authorities due to the uncertainty that exists as to the ultimate resolution of these proceedings, the likelihood of receipt of these ECJ tax reclaims, and the potential timing of payment, no amounts are reflected in the financial statements. For U.S. income tax purposes, ECJ tax reclaims received by the Funds, if any, reduce the amounts of foreign taxes Fund shareholders can use as tax credits in their individual income tax returns. In the event that ECJ tax reclaims received by a Fund during the fiscal year exceed foreign withholding taxes paid, and a Fund previously passed foreign tax credits on to its shareholders, a Fund must either amend historic tax reporting to shareholders or enter into a closing agreement with the Internal Revenue Service in order to pay the associated tax liability on behalf of the respective Fund’s shareholders. During the fiscal year ended March 31, 2024, the ECJ tax reclaims received by the Funds, if any, did not exceed the foreign withholding taxes of the respective Funds.

7. SUBSEQUENT EVENTS

WTAM has evaluated all subsequent transactions and events through the date on which these financial statements were issued and has determined that no additional items require disclosure in these financial statements.

8. ADDITIONAL INFORMATION

The Board authorized a two-for-one share split for Europe Hedged Equity Fund and Japan Hedged SmallCap Equity Fund, effective after the close of trading on August 9, 2023, for the shareholders of record on August 7, 2023. The share split increased the number of shares outstanding and decreased the net asset value per share by a factor of two. The share split did not change the total value of a shareholder’s investment. The shares outstanding, NAV per share and other per share information have been updated in the accompanying financial statements and financial highlights to reflect the effect of the share split.

* * * * * *

Russia’s military invasion of Ukraine initiated in February 2022 and the economic and diplomatic responses by the United States and other countries have led to increased volatility and uncertainty in the financial markets and could continue to adversely affect regional and global economies for the foreseeable future. In response to Russia’s actions, the governments of the United States, the European Union, the United Kingdom, and many other countries collectively imposed heavy and broad-ranging economic sanctions on certain Russian individuals, corporate and banking entities, and other industries and businesses. The sanctions restrict companies from doing business with Russia and Russian companies, prohibit transactions with the Russian central bank and other key Russian financial institutions and entities, ban Russian airlines and ships from using many other countries’ airspace and ports, respectively, and place a freeze on certain Russian assets. The sanctions also removed some Russian banks from the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the electronic network that connects banks globally to facilitate cross-border

 

WisdomTree Trust      61  


Notes to Financial Statements (concluded)

 

payments. In addition, the United States has banned oil and other energy imports from Russia, as well as other popular Russian exports, such as diamonds, seafood and vodka. The European Union, the United Kingdom and other countries have also placed restrictions on certain oil, energy and luxury goods imports from Russia.

These sanctions, as well as other economic consequences related to the invasion, such as additional sanctions, boycotts, changes in consumer or purchaser preferences, or cyberattacks on governments, companies or individuals, may further decrease the value and liquidity of certain Russian securities as well as securities of issuers in other countries that are subject to or otherwise adversely affected by economic sanctions related to Russia’s invasion of Ukraine, including Russian counter measures. To the extent a Fund has exposure to Russian investments or investments in countries affected by the invasion or the sanctions, the Fund’s ability to price, buy, sell, receive or deliver, or receive dividends and interest payments on such investments may be impaired. In certain circumstances, such as when there is no market for a security or other means of valuing or disposing of a security, a Fund may determine to value the affected security at zero. In addition, any exposure a Fund may have to counterparties in Russia or in countries affected by the invasion could negatively affect the Fund’s portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions are impossible to predict, but could result in continued significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. Further, an escalation of the military conflict beyond Ukraine’s borders could result in significant, long-lasting damage to the economies of Eastern and Western Europe as well as the global economy. These and any related events could significantly and adversely affect a Fund’s performance and the value of an investment in the Fund, even in the absence of direct exposure to Russian issuers or issuers in other countries affected by the invasion.

* * * * * *

Financial markets around the world may experience extreme volatility, depressed valuations, decreased liquidity and heightened uncertainty and turmoil resulting from major cybersecurity events, geopolitical events (including wars, such as Russia’s invasion of Ukraine, terror attacks, and disruptions to foreign economic and trade relationships), public health emergencies, such as the COVID-19 pandemic, measures to address budget deficits, downgrading of sovereign debt, and public sentiment, among other events. Resulting market volatility, dramatic changes to interest rates, and otherwise unfavorable economic conditions may negatively impact Fund performance or impair a Fund’s ability to achieve its investment objective.

In March 2023, the financial distress of certain financial institutions raised economic concerns over disruption in the U.S. banking system and regarding the solvency of certain financial services firms. There can be no certainty that the actions taken by the U.S. government to strengthen public confidence in the U.S. banking system will be effective in mitigating the effects of financial institution failures on the economy and restoring public confidence in the U.S. banking system.

In October 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas also launched extensive rocket attacks on the Israeli population and industrial centers located along Israel’s border with the Gaza Strip and in other areas within the State of Israel. Following the attack, Israel’s security cabinet declared war against Hamas, and a military campaign was initiated. These events may result in significant market disruptions and may adversely affect regional and global economies.

* * * * * *

Raising the ceiling on U.S. government debt has become increasingly politicized. Any failure to increase the total amount that the U.S. government is authorized to borrow could lead to a default on U.S. government obligations, with unpredictable consequences for economies and markets in the U.S. and elsewhere. On August 1, 2023, Fitch Ratings, Inc. downgraded its U.S. debt rating from the highest AAA rating to AA+, citing “a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions”. The impacts, if any, of the downgrade on financial markets are unknown at this time. The downgrade has potential market impacts, including but not limited to, steep stock market declines and rising bond yields.

 

62   WisdomTree Trust


Report of Independent Registered Public Accounting Firm

To the Shareholders of WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity Fund, and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity Fund (collectively referred to as the “Funds”), (five of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2024, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (five of the funds constituting WisdomTree Trust) at March 31, 2024, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and their financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2024, by correspondence with the custodian, brokers and others; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, New York

May 30, 2024

 

WisdomTree Trust      63  


Liquidity Risk Management Program (unaudited)

 

The Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule”) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor to the Funds, as the Program Administrator for each Fund’s Program.

The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-ended fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.

The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.

Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.

During the period from January 1, 2023 to December 31, 2023, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.

Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Funds maintain sufficient highly liquid assets to meet Fund redemptions.

 

64   WisdomTree Trust


Trustees and Officers Information (unaudited)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
 

Other
Directorships
Held by Trustee

Trustees Who Are Interested Persons of the Trust
Jonathan Steinberg
(1964)
  Trustee, 2005- present; President, 2005-present   Chief Executive Officer of WisdomTree and WisdomTree Asset Management since 2005; President of WisdomTree and WisdomTree Asset Management from 2012 to 2019.   77   Director, WisdomTree and WisdomTree Asset Management.
Trustees Who Are Not Interested Persons of the Trust

David G. Chrencik1

(1948)

  Trustee, 2014-present   Chief Financial Officer of Sarus Indochina Select LP (a hedge fund) from 2012 to 2022.   77   None

Phillip Goff2

(1963)

  Trustee, 2024-present   Private Investor from 2017 to present; Trustee of RBC Funds Trust from 2020 to 2024; Senior Vice President/ Corporate Controller and Funds Treasurer at TIAA from 2006 to 2017.   77   None

Joel Goldberg3,4

(1945)

  Trustee, 2012-present   Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.   77   Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).

Toni Massaro4

(1955)

  Trustee, 2006-present   Regents Professor of Law Emerita since 2024; Executive Director of the Agnese Nelms Haury Program since 2021; Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) from 2009 to 2024 (distinguished Emerita in July 2009); Dean of the Rogers College of Law from 1999 to 2009; Regents Professor since 2006; Milton O. Riepe Chair in Constitutional Law from 1997 to 2022; Professor at the Rogers College of Law from 1990 to 2024.   77   None

Melinda A. 
Raso Kirstein5

(1955)

  Trustee, 2014-present   Retired since 2004; Vice President, Senior Portfolio Manager, Fixed Income Management, and Director of Tax Exempt Fund Management at Merrill Lynch Investment Management from 1982 to 2004.   77   Associate Alumnae of Douglass College, Chair of Investment Committee.

Victor Ugolyn

(1947)

  Trustee, 2006-present; Chairman of the Board, 2006-present   Private Investor from 2005 to present; President and Chief Executive Officer at William D. Witter, Inc. from 2005 to 2006; Chairman of MONY Securities Corporation, and Chairman, President and Chief Executive Officer at Enterprise Capital Management from 1999 to 2004.   77   None
Officers of the Trust

Jonathan Steinberg

(1964)

 

President, 2005-

present; Trustee, 2005-present

  Chief Executive Officer of WisdomTree and WisdomTree Asset Management since 2005; President of WisdomTree and WisdomTree Asset Management from 2012 to 2019.   77   See Interested Trustees Table Above.

 

 

WisdomTree Trust      65  


Trustees and Officers Information (unaudited) (concluded)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
 

Other
Directorships
Held by Trustee

David Castano*

(1971)

  Treasurer, 2013-present   Head of Fund Accounting & Administration at WisdomTree Asset Management since 2020; Director of Fund Accounting & Administration at WisdomTree Asset Management from 2011 to 2020.   77   None

Terry Jane Feld*

(1960)

  Chief Compliance Officer, 2012-present   Head of U.S. Compliance at WisdomTree Asset Management since 2022; Chief Compliance Officer at WisdomTree Asset Management since 2012.   77   None

Joanne Antico*

(1975)

  Chief Legal Officer and Secretary, 2021-present   General Counsel at WisdomTree Asset Management since 2021; Assistant General Counsel at WisdomTree Asset Management from 2016 to 2021; Executive Director and Assistant Secretary at Morgan Stanley Investment Management Inc. from 2005 to 2016.   77   None

Clint Martin*

(1977)

  Assistant Treasurer, 2015-present   Director of Fund Accounting & Administration at WisdomTree Asset Management since 2020; Fund Manager, Fund Accounting & Administration at WisdomTree Asset Management from 2012 to 2020.   77   None

Angela Borreggine*

(1964)

  Assistant Secretary, 2022-present   Assistant General Counsel at WisdomTree Asset Management since 2022; Vice President and Senior Counsel at Virtus Investment Partners from 2021 to 2022; Secretary and Chief Legal Officer at Allianz Global Investors family of funds from 2016 to 2021 and of The Korea Fund, Inc. from 2016 to 2020; Director, Senior Counsel at Allianz Global Investors from 2007 to 2021.   77   None

TJ Darnowski*

(1984)

  Assistant Secretary, 2021-present   Senior Investment Management Paralegal at WisdomTree Asset Management since 2021; Senior Legal Administrator at Ultimus Fund Solutions from 2019 to 2021; Assistant Vice President at State Street Bank & Trust Company from 2010 to 2019.   77   None

Sherry Scarvey*

(1967)

 

Assistant Secretary,

2023-present

  Senior Investment Management Paralegal at WisdomTree Asset Management since 2023; Senior Legal Analyst at Eagle Point Credit Management, LLC from 2021 to 2023; Senior Legal Analyst at Jennison & Associates LLC from 2019 to 2021; Senior Legal Specialist at Legg Mason & Co. LLC from 2005 to 2019.   77   None

 

+

As of March 31, 2024.

 

1

Chair of the Audit Committee.

 

2

Appointed to the Board on February 27, 2024.

 

3

Chair of the Contracts Review Committee.

 

4

Co-Chair of the Governance, Nominating and Compliance Committee.

 

5

Chair of the Investment Committee.

 

*

Elected by and serves at the pleasure of the Board.

 

66   WisdomTree Trust


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2024, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2025.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2024, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

Europe Hedged Equity Fund

   $ 31,884,338  

Europe Hedged SmallCap Equity Fund

     1,576,047  

International Hedged Quality Dividend Growth Fund

     36,994,634  

Japan Hedged Equity Fund

     82,128,625  

Japan Hedged SmallCap Equity Fund

     1,356,664  

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2024. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Europe Hedged Equity Fund

   $ 51,447,998      $ 826,306  

Europe Hedged SmallCap Equity Fund

     2,158,096        149,847  

International Hedged Quality Dividend Growth Fund

     36,143,295        2,965,589  

Japan Hedged Equity Fund

     87,163,748        8,564,107  

Japan Hedged SmallCap Equity Fund

     1,476,305        141,788  

 

WisdomTree Trust      67  


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 SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. 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/investments.

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/investments.

 

68   WisdomTree Trust


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, 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, Inc., 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.

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. Dividends are not guaranteed, and a company currently paying dividends may cease paying dividends at any time. 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. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.


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WisdomTree Trust

Annual Report

March 31, 2024

 

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

WisdomTree Emerging Markets High Dividend Fund (DEM)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

WisdomTree Global High Dividend Fund (DEW)

WisdomTree India Earnings Fund (EPI)

WisdomTree New Economy Real Estate Fund (WTRE)


Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       3  

Management’s Discussion of Funds’ Performance (unaudited)

       4  

Description of Terms and Indexes (unaudited)

       14  

Schedules of Investments

    

WisdomTree China ex-State-Owned Enterprises Fund

       18  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

       22  

WisdomTree Emerging Markets High Dividend Fund

       30  

WisdomTree Emerging Markets Multifactor Fund

       37  

WisdomTree Emerging Markets Quality Dividend Growth Fund

       42  

WisdomTree Emerging Markets SmallCap Dividend Fund

       47  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

       58  

WisdomTree Global High Dividend Fund

       63  

WisdomTree India Earnings Fund (consolidated)

       72  

WisdomTree New Economy Real Estate Fund

       79  

Statements of Assets and Liabilities

       81  

Statements of Operations

       83  

Statements of Changes in Net Assets

       85  

Financial Highlights

       89  

Notes to Financial Statements

       94  

Report of Independent Registered Public Accounting Firm

       110  

Liquidity Risk Management Program (unaudited)

       111  

Trustees and Officers Information (unaudited)

       112  

Supplemental Information (unaudited)

       114  

General Information (unaudited)

       115  

 

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


Market Environment Overview

(unaudited)

 

Global equity markets, as measured by the MSCI All Country World Index (“ACWI”), gained 23.22% in U.S. dollar (“USD”) terms for the 12-month fiscal period ending March 31, 2024 (the “period”). Emerging markets (“EM”) (measured by the MSCI Emerging Markets Index) returned 8.15% in USD terms for the period.

Currency performance was mixed during the period. Among EM currencies, the Chinese yuan renminbi weakened by 4.83% relative to the USD. The Russian ruble weakened significantly versus the USD as a result of the ongoing economic sanctions levied against Russia by most of the world for its war with Ukraine. The South Korean won and Taiwanese dollar each weakened between 3% and 5%, while the Indian rupee dropped 1.46% versus the USD. The only major EM currency to strengthen versus the USD was the Brazilian real, which climbed by 1%.

Global equities fluctuated during the period before registering most of their gains in the back half of the 12-month period when risk-on appetite from investors was the prevailing sentiment in the markets. As the largest component of global equity markets, U.S. returns were the main growth engine for global indexes. EM benefited to a lesser extent with gains driven by Indian equity markets, though poor sentiment from Chinese equity markets continued to weigh on returns. Economic data and its implications for global monetary policy continued to be the most important catalyst for equities during the period. Investors parsed every major inflation and labor market data release to assess the health of the global economy and their impact on monetary policy. Inflation persisted throughout the period, and most central banks continued to raise interest rates, or at least hold them at higher levels, in an effort to suppress it.

The first quarter of the period, from April to June 2023, started decently for global and emerging market equity indexes. The MSCI ACWI and MSCI EM indexes rose 6.18% and 0.9% respectively, in USD terms. EM did not benefit as much as global peers, but even the slightly positive quarter was a welcome reprieve from recent volatility. Inflation rates varied throughout the world, although moderate disinflation was a common global theme. The economic growth outlook was mixed during the period, as certain EM economies managed to grow while other prominent regions either stagnated or contracted. As the two largest allocations in EM, India and China illustrated the disparity in outcomes well, as the MSCI India Index returned over 12% while the MSCI China Index fell nearly 10% (both in USD terms). From a real Gross Domestic Product (“GDP”) growth perspective, India grew 1.9% quarter-over-quarter while China grew 0.5%.

The second quarter of the period was weaker than the first. Global equities fell 3.4% in USD terms, while EM also lost 2.93% in USD terms. Many regions experienced what would become temporary spikes in inflation at this point, which discouraged investors’ of the belief that a global pivot to accommodative monetary policy was imminent. More rate hikes, or at least “higher for longer” rate regimes, would be needed to combat inflation, and central banks stayed committed to tighter policy. Equities remained under moderate pressure as a result. Chinese equities fell another 2% while India eked out a 2.7% gain, both in USD terms. China’s economy bounced back by growing real GDP by 1.5% during the July to September quarter. The Indian economy continued to exhibit consistent growth, adding 1.7% to real GDP during the three-month period.

Global equities surged during the third quarter of the period and the final quarter of 2023, returning over 11% in USD terms. EM followed suit, adding 7.9% in USD terms. As disinflationary pressures persisted, investors became encouraged that the end of policy tightening was in sight and that the possibility of a global soft economic landing could be achieved. India once again led emerging markets higher, returning 11.9% in USD terms to complement strong economic growth. China managed to grow real GDP by 1% during the quarter, but poor investor sentiment prevailed and sent Chinese shares down over 4.2% in USD terms.

Optimism persisted into the first quarter of 2024. Global equities returned 8.2% and EM returned about 2.37%, both in USD terms. Economic data releases seemed to confirm ongoing disinflationary pressures which supported investors’ sentiments that a pivot to

 

WisdomTree Trust      1  


Market Environment Overview

(unaudited) (concluded)

 

 

accommodative monetary policy could be expected later in the year. Indian equities added another 6% in USD terms during the quarter, while China was once again the exception to the positive trend, losing 2.19% in USD terms.

Entering the new period, global markets remain fixated on each economic data release so they may parse it for insights about the future direction of monetary policy. As of now, investors are anticipating a pivot to rate cuts in the final few months of 2024, although the number and size of cuts have been reduced since the start of the calendar year. The ongoing economic picture will continue to be assessed so that markets may adjust their expectations accordingly. We may continue to see variance in policy activity across central banks as well, which will create policy rate gaps that will have implications for currency markets.

Each WisdomTree Fund’s performance as set forth in “Management’s Discussion of Funds’ Performance” in the pages that follow should also be viewed in light of the foregoing market environment.

 

2   WisdomTree Trust


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 net asset value (“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 exchange traded funds (“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. For the most recent month-end performance information visit www.wisdomtree.com/investments.

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.

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2023 to March 31, 2024. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/366 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      3  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    32.8%  

Communication Services

    20.9%  

Information Technology

    9.9%  

Health Care

    9.4%  

Industrials

    8.9%  

Financials

    7.2%  

Consumer Staples

    5.4%  

Materials

    3.3%  

Real Estate

    1.5%  

Utilities

    0.5%  

Energy

    0.2%  

Other Assets less Liabilities‡

    0.0%

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    11.0%  

Alibaba Group Holding Ltd.

    8.8%  

PDD Holdings, Inc., ADR

    5.4%  

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

    4.6%  

NetEase, Inc.

    3.4%  

Meituan, Class B

    3.1%  

Baidu, Inc., Class A

    2.9%  

Contemporary Amperex Technology Co. Ltd., Class A

    2.7%  

BYD Co. Ltd., Class H

    2.2%  

JD.com, Inc., Class A

    2.0%  
*

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

The WisdomTree China ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Chinese companies that are not state-owned enterprises (“SOEs”), which is defined as government ownership of greater than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -22.97% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Chinese equities struggled during the period due to negative sentiment stemming from lackluster economic growth, ongoing geopolitical disputes, and changing political preferences among investors with respect to equity investments. The confluence of these factors resulted in poor returns during the period. The only three sectors with positive performance effects were Communication Services, Consumer Discretionary, and Consumer Staples, which all benefited primarily from positive stock selection. The remaining sectors weighed on performance, with Financials, Information Technology, and Health Care negatively impacting performance due to poor stock selection in the former two and allocation effects in the latter. The Fund’s exclusive allocation to non-SOEs also harmed performance due to allocation and stock selection effects. Chinese SOEs outperformed non-SOEs last year, and the Fund would have otherwise benefited from SOE exposure.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 892.10        0.32   $ 1.51  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.40        0.32   $ 1.62  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       -22.97      -24.72      -6.35      2.02

Fund Market Price Returns

       -22.93      -25.16      -6.48      1.97

WisdomTree China Dividend ex-Financials/China ex-State-Owned Enterprises Spliced Index1

       -22.86      -24.51      -6.08      2.35

MSCI China Index

       -17.05      -18.92      -6.33      1.24
1 

WisdomTree China Dividend ex-Financials Index through June 30, 2015; WisdomTree China ex-State-Owned Enterprises Index thereafter.

 

 

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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


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    26.0%  

Financials

    17.5%  

Consumer Discretionary

    15.1%  

Communication Services

    9.2%  

Industrials

    8.0%  

Materials

    6.7%  

Consumer Staples

    6.4%  

Health Care

    5.5%  

Energy

    3.0%  

Utilities

    1.5%  

Real Estate

    1.3%  

Other Assets less Liabilities‡

    -0.2%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co. Ltd.

    8.2%  

Samsung Electronics Co. Ltd.

    4.7%  

Tencent Holdings Ltd.

    4.0%  

Alibaba Group Holding Ltd.

    2.2%  

Reliance Industries Ltd., GDR

    1.8%  

Al Rajhi Bank

    1.7%  

HDFC Bank Ltd.

    1.6%  

PDD Holdings, Inc., ADR

    1.4%  

MercadoLibre, Inc.

    1.1%  

SK Hynix, Inc.

    1.0%  
*

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

The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in emerging market companies that are not state-owned enterprises (“SOEs”), which is defined as government ownership of more than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 8.22% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Across sectors, it benefited from Communication Services and Information Technology due to stock selection in the former and allocation effects in the latter. Energy and Financials weighed on fund performance due to negative impacts in both effects across each sector. From a country perspective, Taiwan and India were the largest contributors to Fund performance due to allocation effects in India and both allocation and stock selection in Taiwan. China exposure negatively affected performance, primarily due to poor stock selection among Chinese non-SOEs. Similar negative effects were a result of Brazil exposure, though to a lesser extent. The Fund’s exclusive allocation to non- SOEs also harmed performance due to stock selection effects.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,107.10        0.33   $ 1.74  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.35        0.33   $ 1.67  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.32% and the actual and hypothetical expenses paid during the period would have been $1.69 and $1.62, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       8.22      -8.21      2.29      3.75

Fund Market Price Returns

       7.87      -8.57      2.24      3.83

WisdomTree Emerging Markets ex-State-Owned Enterprises Index

       9.41      -7.53      2.98      4.67

MSCI Emerging Markets Index

       8.15      -5.05      2.22      3.36
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 10, 2014.

 

 

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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  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    24.5%  

Energy

    21.3%  

Information Technology

    21.1%  

Materials

    12.7%  

Industrials

    5.4%  

Utilities

    4.9%  

Consumer Staples

    3.6%  

Consumer Discretionary

    2.4%  

Communication Services

    2.1%  

Real Estate

    1.7%  

Health Care

    0.2%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

MediaTek, Inc.

    6.2%  

Petroleo Brasileiro SA

    5.6%  

Hon Hai Precision Industry Co. Ltd.

    3.1%  

Vale SA

    2.9%  

PetroChina Co. Ltd., Class H

    2.7%  

China Shenhua Energy Co. Ltd., Class H

    2.7%  

China Construction Bank Corp., Class H

    2.5%  

ASE Technology Holding Co. Ltd.

    2.2%  

Grupo Financiero Banorte SAB de CV, Class O

    1.8%  

United Microelectronics Corp.

    1.6%  
*

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

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

The Fund returned 17.69% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). It benefited from its positions in the Information Technology, Energy and Communication Services sectors primarily due to stock selection, and asset allocation. The main detractors were the Financials and Materials sectors due to poor stock selection effects in the former and poor allocation effects in the latter. From a country perspective, Chinese equities were overwhelmingly positive due to a mix of allocation and stock selection effects. Taiwan followed the positive trend to a lesser extent and was also supported by both effects. India and South Africa weighed on performance mainly due to poor stock selection. Across dividend yield quintiles, the top two quintiles (representing the highest-yielding stock) had positive impacts on Fund performance. The first quintile was supported by allocation effects resulting from a large overweight to the highest-yielding stocks. Stock selection within the second quintile also drove the positive impact from this group. The third and fourth quintiles had slightly negative effects on the Fund, which were negligible, resulting from poor stock selection. The performance difference between the Fund NAV return and Index return for the fiscal year ended March 31, 2024 was primarily attributable to foreign capital gains taxes incurred by the Fund that are not deducted from Index performance.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,127.30        0.64   $ 3.40  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.80        0.64   $ 3.23  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.63% and the actual and hypothetical expenses paid during the period would have been $3.37 and $3.20, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       17.69      4.97      5.27      3.53

Fund Market Price Returns

       17.50      4.93      5.25      3.58

WisdomTree Emerging Markets High Dividend Index

       18.81      5.99      6.25      4.47

MSCI Emerging Markets Index

       8.15      -5.05      2.22      2.95

MSCI Emerging Markets Value Index

       11.36      -0.91      2.09      2.15

 

 

LOGO

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


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    25.2%  

Financials

    15.4%  

Industrials

    11.6%  

Consumer Discretionary

    10.6%  

Consumer Staples

    10.1%  

Communication Services

    6.0%  

Utilities

    5.9%  

Energy

    5.8%  

Health Care

    5.6%  

Materials

    3.5%  

Real Estate

    0.1%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co. Ltd.

    7.7%  

Samsung Electronics Co. Ltd.

    2.4%  

Want Want China Holdings Ltd.

    1.5%  

Quanta Computer, Inc.

    1.5%  

Wiwynn Corp.

    1.4%  

Meritz Financial Group, Inc.

    1.3%  

China Resources Power Holdings Co. Ltd.

    1.2%  

PICC Property & Casualty Co. Ltd., Class H

    1.2%  

People’s Insurance Co. Group of China Ltd., Class H

    1.2%  

Lite-On Technology Corp., ADR

    1.1%  
*

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

The WisdomTree Emerging Markets Multifactor Fund (the “Fund”) seeks capital appreciation by investing in equity securities of emerging markets countries with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

The Fund returned 23.29% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in the Consumer Discretionary, Communication Services and Materials sectors due to strong stock selection in each. Health Care was the only sector to have a negative impact on the Fund due to poor allocation effects. From a country perspective, China and India were the two biggest contributors to the Fund’s performance primarily due to allocation effects, though China also benefited from strong stock selection. South Korea was the only notable country detractor, due to negative allocation effects.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,147.60        0.48   $ 2.58  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60        0.48   $ 2.43  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       23.29      3.09      4.71      3.50

Fund Market Price Returns

       24.05      3.09      4.71      3.72

MSCI Emerging Markets Index

       8.15      -5.05      2.22      2.09
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018.

 

 

LOGO

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

 

WisdomTree Trust      7  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    23.1%  

Financials

    16.6%  

Industrials

    12.4%  

Consumer Discretionary

    11.0%  

Consumer Staples

    10.3%  

Materials

    7.3%  

Energy

    6.8%  

Health Care

    4.2%  

Utilities

    4.2%  

Communication Services

    4.1%  

Real Estate

    0.8%  

Other Assets less Liabilities‡

    -0.8%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co. Ltd.

    7.5%  

Samsung Electronics Co. Ltd.

    4.8%  

Reliance Industries Ltd.

    1.7%  

Al Rajhi Bank

    1.6%  

Hyundai Motor Co.

    1.5%  

Infosys Ltd.

    1.0%  

Hindustan Petroleum Corp. Ltd.

    0.9%  

Cipla Ltd.

    0.9%  

Tata Consultancy Services Ltd.

    0.9%  

International Container Terminal Services, Inc.

    0.9%  
*

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

The WisdomTree Emerging Markets Quality Dividend Growth Fund (the “Fund”) seeks income and capital appreciation by investing in dividend-paying companies with growth characteristics in the emerging markets region.

The Fund returned 16.02% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). It benefited from positions in the Consumer Discretionary, Health Care and Industrials sectors, primarily due to stock selection within each. Information Technology was the only sector that lagged, exclusively due to poor stock selection. A large underweight to China was additive to the performance during the period and resulted in a strong, positive allocation effect. An overweight to India was also helpful and resulted in beneficial allocation effects. Taiwan and South Korea lagged due to poor stock selection effects. Across return-on-equity quintiles, all five exhibited positive effects on Fund performance due to a mixture of stock selection and allocation effects.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,159.80        0.32   $ 1.73  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.40        0.32   $ 1.62  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       16.02      -1.77      3.55      2.98

Fund Market Price Returns

       15.81      -1.86      3.54      3.08

MSCI Emerging Markets Index

       8.15      -5.05      2.22      2.95

 

 

LOGO

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

 

8   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    19.1%  

Industrials

    14.9%  

Financials

    14.6%  

Materials

    11.8%  

Consumer Discretionary

    11.3%  

Consumer Staples

    6.1%  

Real Estate

    6.0%  

Utilities

    5.2%  

Energy

    5.2%  

Health Care

    2.9%  

Communication Services

    2.4%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Chicony Electronics Co. Ltd.

    1.2%  

Oil India Ltd.

    1.0%  

Banco del Bajio SA

    1.0%  

WPG Holdings Ltd.

    0.8%  

Powertech Technology, Inc.

    0.8%  

Old Mutual Ltd.

    0.8%  

Lojas Renner SA

    0.8%  

Truworths International Ltd.

    0.7%  

Tisco Financial Group PCL, NVDR

    0.7%  

BNK Financial Group, Inc.

    0.7%  
*

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

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

The Fund returned 16.92% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund benefited from positions in the Information Technology, Consumer Discretionary and Industrials sectors, mainly due to positive stock selection in each. Health Care, Energy, and Materials sectors were the three main detractors due to poor stock selection in the former two and negative allocation effects in the latter. Taiwan was the most impactful country contributor due to a blend of both allocation and stock selection effects, while India, South Africa, and China all lagged due to poor allocation effects. Across dividend yield quintiles, the second and third quintiles also contributed positively to Fund performance due to stock selection effects, while fifth, first, and fourth quintiles all detracted. Negative effects from the former two were due to allocation effects while poor stock selection hampered the fourth quintile.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,114.00        0.59   $ 3.12  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.05        0.59   $ 2.98  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.09 and $2.95, respectively.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       16.92      4.92      6.27      4.91

Fund Market Price Returns

       16.29      4.50      6.18      4.85

WisdomTree Emerging Markets SmallCap Dividend Index

       18.64      6.10      7.51      6.04

MSCI Emerging Markets Small Cap Index

       20.56      4.23      8.51      5.09

 

 

LOGO

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

 

WisdomTree Trust      9  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    23.2%  

Industrials

    18.2%  

Health Care

    13.8%  

Consumer Discretionary

    9.6%  

Materials

    8.4%  

Energy

    7.2%  

Consumer Staples

    6.0%  

Communication Services

    5.8%  

Financials

    5.5%  

Utilities

    1.9%  

Real Estate

    0.0%

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co. Ltd.

    5.4%  

Novo Nordisk AS, Class B

    5.3%  

Samsung Electronics Co. Ltd.

    4.6%  

Canadian Natural Resources Ltd.

    4.0%  

Roche Holding AG, Bearer Shares

    4.0%  

ASML Holding NV

    3.1%  

Deutsche Post AG, Registered Shares

    2.8%  

UBS Group AG, Registered Shares

    2.6%  

Diageo PLC

    2.5%  

Tencent Holdings Ltd.

    2.4%  
*

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

The WisdomTree Global ex-U.S. Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in developed and emerging equity markets, excluding the U.S. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 12.18% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). It benefited from exposures to Information Technology, Health Care and Materials primarily due to stock selection in the latter two sectors and a combination of allocation and stock selection in Information Technology. Consumer Discretionary, Financials and Energy sectors all detracted from performance with negative allocation effects exhibited in each. Consumer Discretionary, however, was more negatively impacted by poor stock selection. From a country perspective, exposures to Denmark, Taiwan and the Netherlands were all additive to performance due to a mix of allocation and stock selection effects in each. Japan, Canada, and France, however, detracted from performance due to poor allocation effects in Japan and negative stock selection effects in France. Across return-on-equity (ROE) quintiles, positive performance was (ironically) driven by the first and fifth quintiles, representing the highest and lowest ROE stocks, respectively. This was primarily due to stock selection in the first quintile and a blend of allocation and stock selection effects in the fifth quintile. The second and fourth quintiles were the worst performing groups, almost exclusively driven by poor stock selection.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio1
    Expenses Paid
During the
Period1
 

Actual

   $ 1,000.00      $ 1,171.40        0.43   $ 2.33  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.85        0.43   $ 2.17  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.42% and the actual and hypothetical expenses paid during the period would have been $2.28 and $2.12, respectively.

Performance

 

   
      Average Annual Total Return  
      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     12.18      3.07      9.73      6.63

Fund Market Price Returns

     11.59      2.79      9.59      6.64

WisdomTree Global ex-U.S. Quality Dividend Growth Index

     12.66      3.52      10.28      7.26

MSCI AC World ex-USA Growth Index

     11.06      -0.81      6.20      5.10

MSCI AC World ex-USA Index

     13.26      1.94      5.97      4.25

 

 

LOGO

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

 

10   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree Global High Dividend Fund (DEW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.8%  

Consumer Staples

    12.0%  

Energy

    11.8%  

Health Care

    10.3%  

Utilities

    10.2%  

Real Estate

    9.7%  

Information Technology

    4.3%  

Consumer Discretionary

    4.1%  

Industrials

    3.9%  

Materials

    3.6%  

Communication Services

    2.7%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

AbbVie, Inc.

    4.2%  

Coca-Cola Co.

    2.9%  

Chevron Corp.

    2.3%  

Altria Group, Inc.

    2.2%  

Bank of America Corp.

    2.0%  

International Business Machines Corp.

    1.7%  

Philip Morris International, Inc.

    1.7%  

Pfizer, Inc.

    1.6%  

Bristol-Myers Squibb Co.

    1.5%  

ConocoPhillips

    1.2%  
*

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

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

The Fund returned 13.73% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Positions in the Financials, Consumer Discretionary and Communication Services sectors were additive during the period due to strong stock selection. The Industrials and Utilities sectors detracted from performance due to poor stock selection in the former and negative allocation effects in the latter. Across countries, China had a notable performance impact due to a mix of allocation and selection effects. Switzerland was also additive, mainly due to stock selection. Japan and India lagged primarily due to negative allocation effects in both cases, as the Fund was underweight in two of the strongest performing countries during the period. Across dividend yield quintiles, only the top quintile (representing the highest-yielding stocks) had a notable negative effect on performance, primarily due to poor stock selection. The fifth quintile (representing the lowest-yielding stocks) aided performance due to a mix of allocation and stock selection effects.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,140.50        0.58   $ 3.10  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       13.73      7.13      6.30      4.75

Fund Market Price Returns

       13.56      7.05      6.24      4.76

WisdomTree Global High Dividend Index

       13.45      6.87      6.02      4.55

MSCI AC World Index

       23.22      6.96      10.92      8.66

 

 

LOGO

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

 

WisdomTree Trust      11  


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree India Earnings Fund (EPI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    23.1%  

Energy

    18.7%  

Materials

    12.6%  

Information Technology

    12.0%  

Utilities

    8.4%  

Industrials

    8.2%  

Consumer Discretionary

    7.8%  

Health Care

    4.8%  

Consumer Staples

    3.8%  

Communication Services

    1.7%  

Real Estate

    0.9%  

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 less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Reliance Industries Ltd.

    8.5%  

HDFC Bank Ltd.

    5.2%  

ICICI Bank Ltd.

    5.1%  

Infosys Ltd.

    4.5%  

Oil & Natural Gas Corp. Ltd.

    3.4%  

Coal India Ltd.

    3.0%  

Tata Consultancy Services Ltd.

    2.7%  

NTPC Ltd.

    2.5%  

State Bank of India

    2.4%  

Power Grid Corp. of India Ltd.

    2.3%  
*

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

The WisdomTree India Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index (the “Index”). In seeking to track the Index, the Fund invests in profitable companies in the Indian equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 38.08% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). Indian equity markets enjoyed strong performance during the period resulting from strong economic growth and future growth prospects. They also received a tailwind from reallocation effects within investors’ emerging markets portfolios, as many turned to India at the expense of souring sentiment toward China. The Fund benefited from its positions in the Financials and Energy sectors, mainly due to a combination of stock selection and asset allocation effects in each. Consumer Discretionary sector was the only large detractor, which was also due to a negative mix of both effects. Across price-to-earnings (P/E) quintiles, the first (lowest P/E) and third quintiles positively impacted Fund performance due to allocation effects in the former and strong stock selection in the latter. The fifth quintile, containing the highest P/E stocks, detracted from performance due to poor stock selection. The performance difference between the Fund NAV return and Index return for the fiscal year ended March 31, 2024 was primarily attributable to foreign capital gains taxes incurred by the Fund that are not deducted from Index performance.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,174.50        0.83   $ 4.51  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.85        0.83   $ 4.19  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       38.08      14.32      12.64      10.26

Fund Market Price Returns

       38.16      14.16      12.73      10.30

WisdomTree India Earnings Index

       45.47      18.10      15.54      12.31

MSCI India Index

       36.83      12.31      11.55      9.69

 

 

LOGO

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

 

12   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2024 (unaudited)

WisdomTree New Economy Real Estate Fund (WTRE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Real Estate

    87.7%  

Communication Services

    6.3%  

Consumer Discretionary

    3.8%  

Information Technology

    1.4%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Goodman Group

    5.5%  

Cellnex Telecom SA

    5.2%  

Ventas, Inc.

    5.0%  

Segro PLC

    4.8%  

SBA Communications Corp.

    4.4%  

Iron Mountain, Inc.

    3.9%  

Alexandria Real Estate Equities, Inc.

    3.8%  

Airbnb, Inc., Class A

    3.8%  

Digital Realty Trust, Inc.

    3.7%  

Prologis, Inc.

    3.7%  
*

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

The WisdomTree New Economy Real Estate Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the CenterSquare New Economy Real Estate Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in global equity securities, including American Depositary Receipts, of listed real estate investment trusts and companies identified as being significantly real estate related.

The Fund returned 8.42% at net asset value (“NAV”) for the fiscal year ended March 31, 2024 (for more complete performance information please see the table below). The Fund’s overweight position in Real Estate sector securities detracted from performance during the period. This negative effect was partially offset by exposures in the Consumer Discretionary sector, which benefited due to stock selection. Though the Fund is global in exposure, it is also primarily concentrated in the U.S. As a result, the selected U.S. real estate securities have a disproportionate influence on Fund performance than other categories. Real Estate was the third-worst performing sector in the U.S. during the period, so the Fund was not able to achieve better performance that would have been experienced with a more diversified equity allocation.

Shareholder Expense Example (for the six-month period ended March 31, 2024)

 

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

Actual

   $ 1,000.00      $ 1,152.00        0.58   $ 3.12  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10        0.58   $ 2.93  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       8.42      -9.05      -7.09      0.38

Fund Market Price Returns

       8.91      -9.03      -7.07      0.42

WisdomTree Global ex-U.S. Real Estate/CenterSquare New Economy Real Estate Spliced Index1

       8.48      -9.01      -6.99      0.55

Dow Jones Global ex-U.S. Select Real Estate Securities Index/MSCI World Real Estate Investment Trust USD Spliced Index2

       3.99      -7.83      -4.84      -0.58

MSCI AC World ex-USA Index

       13.26      1.94      5.97      4.25
1 

WisdomTree Global ex-U.S. Real Estate Index through April 20, 2022; CenterSquare New Economy Real Estate Index thereafter.

 

2 

Dow Jones Global ex-U.S. Select Real Estate Securities Index through April 20, 2022; MSCI World Real Estate Investment Trust USD Index thereafter.

 

 

LOGO

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  


Description of Terms and Indexes (unaudited)

 

 

Below are descriptions of certain terms and of each Index referenced in this report:

Allocation Effect measures an investment manager’s ability to effectively allocate a portfolio’s assets to various segments. A segment refers to assets or securities that are grouped within a certain classification such as sectors, industries, or countries. The allocation effect determines whether the overweighting or underweighting of segments relative to a benchmark contributes positively or negatively to the overall portfolio return. Positive allocation occurs when the portfolio is overweighted in a segment that outperforms the benchmark and underweighted in a segment that underperforms the benchmark. Negative allocation occurs when the portfolio is overweighted in a segment that underperforms the benchmark and underweighted in a segment that outperforms the benchmark.

The CenterSquare New Economy Real Estate Index is a weighted index that consists of global stocks of real estate companies that have material direct and/or indirect exposure to technology, sciences and/or ecommerce related business models and meet specific screening requirements that consider factors including growth, valuation and leverage criteria.

Correlation is a statistical measure of how two sets of returns move in relation to each other. Correlation coefficients range from -1 to 1. A correlation of 1 means the two subjects of analysis move in lockstep with each other. A correlation of -1 means the two subjects of analysis have moved in exactly the opposite direction.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.

Factors generally are attributes that are based on fundamentals or share price behavior.

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a country’s economic health.

Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.

Momentum is generally characterized by assets with recent price increase trends over time. This term is also associated with the momentum factor which associates these stock characteristics with excess return vs. the market over time.

The MSCI AC World ex-USA Growth Index is comprised of growth stocks in the developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI AC World ex-USA Index is a free float-adjusted market capitalization-weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the U.S.

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

The MSCI China Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the Chinese equity market.

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

The MSCI Emerging Markets Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.

The MSCI Emerging Markets Value Index captures large and mid cap securities exhibiting overall value style characteristics across 27 Emerging Markets countries.

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

 

14   WisdomTree Trust


Description of Terms and Indexes (unaudited) (continued)

 

The MSCI World Real Estate Investment Trusts Index is a free float-adjusted market capitalization index that captures large and mid cap companies.

Price-to-earnings (P/E) ratio measures a company’s share price relative to its earnings per share.

Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.

Quintiles refers to separating a universe of companies into five groups of equal size on the basis of dividend yield, price-to-earnings, or return-on-equity, as applicable.

Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.

Risk-on and Risk-off refers to investors’ appetites for risk which rise and fall over time. During periods when risk is perceived to be low, the risk-on risk-off theory states that investors tend to be engage in higher-risk investments (i.e., “Risk-on”). When risk is perceived to be high, investors have the tendency to gravitate toward lower-risk investments (i.e., “Risk-off”).

Selection Effect measures an investment manager’s ability to select securities within a given segment relative to a benchmark. The over or underperformance of the portfolio is weighted by the benchmark weight, therefore, selection is not affected by the investment manager’s allocation to the segment. The weight of the segment in the portfolio determines the size of the effect — the larger the segment, the larger the effect is, positive or negative. A positive selection effect occurs when the portfolio return is greater than the benchmark return. Thus, the investment manager made good decisions in selecting securities that, as a whole, outperformed similar securities in the benchmark. A negative selection effect occurs when the portfolio return is less than the benchmark return. Thus, the investment manager made poor decisions in selecting securities that, as a whole, underperformed similar securities in the benchmark.

The WisdomTree China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the Financials sector.

The WisdomTree China ex-State-Owned Enterprises Index measures the performance of Chinese stocks that are not state-owned enterprises. WisdomTree, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

The WisdomTree Emerging Markets ex-State-Owned Enterprises Index is a modified market capitalization weighted index that consists of common stocks in emerging markets, excluding common stocks of “state-owned enterprises”. WisdomTree, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

The WisdomTree Emerging Markets High Dividend Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets SmallCap Dividend Index is comprised of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Global ex-U.S. Quality Dividend Growth Index is comprised of growth companies selected from developed and emerging markets outside the U.S.

The WisdomTree Global ex-U.S. Real Estate Index is comprised of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.

The WisdomTree Global High Dividend Index is comprised of high dividend-paying companies selected from the WisdomTree Global Dividend Index.

 

WisdomTree Trust      15  


Description of Terms and Indexes (unaudited) (continued)

 

The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

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

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

The New Economy Real Estate Fund is not sponsored, endorsed, sold or promoted by CenterSquare Investment Management LLC (“CenterSquare”), any of its affiliates or any other third party involved in, or related to, calculating, compiling or creating the CenterSquare New Economy Real Estate Index (collectively, the “CenterSquare Parties”). The CenterSquare New Economy Real Estate Index is the exclusive property of CenterSquare and has been licensed for use by WisdomTree Asset Management and WisdomTree Trust as the Issuer of the New Economy Real Estate Fund. CenterSquare and the CenterSquare New Economy Real Estate Index’s name are trademarks of CenterSquare. None of the CenterSquare Parties makes any representation or warranty, express or implied, to the issuer or owners of shares of the New Economy Real Estate Fund, or any other person or entity, regarding the advisability of investing in funds generally, or in the New Economy Real Estate Fund particularly, or the ability of the CenterSquare New Economy Real Estate Index to track its corresponding market performance. None of the CenterSquare Parties has any obligation to take the needs of the issuer or owners of shares of the New Economy Real Estate Fund, or any other person or entity, into consideration in determining, composing or calculating the CenterSquare New Economy Real Estate Index. None of the CenterSquare Parties is responsible for, or has participated in, the determination of the timing of, prices at, or quantities of the New Economy Real Estate Fund to be issued or in the determination or calculation of the equation by, or the consideration into which, the New Economy Real Estate Fund is redeemable. Further, none of the CenterSquare Parties has any obligation or liability to the issuer or owners of shares of the New Economy Real Estate Fund, or any other person or entity, in connection with the administration, marketing or offering of the New Economy

 

16   WisdomTree Trust


Description of Terms and Indexes (unaudited) (concluded)

 

Real Estate Fund, whether as a result of statements included in the New Economy Real Estate Fund’s public offering documents or otherwise.

WisdomTree, 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 is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree 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 is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.

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

* * * * * *

Abbreviations used in the schedules of investments and related tables included in this report are as follows:

 

CURRENCY ABBREVIATIONS:                      
BRL   Brazilian real    IDR   Indonesian rupiah    SAR   Saudi riyal
CLP   Chilean peso    INR   Indian rupee    THB   Thai baht
CNY   Chinese yuan    KRW   South Korean won    TRY   Turkish new lira
CZK   Czech koruna    MXN   Mexican peso    TWD   New Taiwan dollar
GBP   British pound    MYR   Malaysian ringgit    USD   U.S. dollar
HKD   Hong Kong dollar    PHP   Philippine peso    ZAR   South African rand
HUF   Hungary forint    PLN   Polish zloty     
OTHER ABBREVIATIONS:                      
ADR   American Depositary Receipt
CVA   Certificaten Van Aandelen (Certificate of Stock)
GDR   Global Depositary Receipt
NVDR   Non-Voting Depositary Receipt

 

WisdomTree Trust      17  


Schedule of Investments

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%

 

China – 99.7%

 

Air Freight & Logistics – 1.4%

 

JD Logistics, Inc.*(a)

     564,900      $ 575,261  

SF Holding Co. Ltd., Class A

     394,161        1,976,125  

ZTO Express Cayman, Inc.(b)

     113,332        2,458,813  
     

 

 

 
Total Air Freight & Logistics

 

     5,010,199  
Automobile Components – 0.5%

 

Fuyao Glass Industry Group Co. Ltd., Class A

     152,167        906,664  

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

     136,900        689,184  

Minth Group Ltd.

     151,200        238,784  
     

 

 

 
Total Automobile Components

 

     1,834,632  
Automobiles – 5.1%

 

BYD Co. Ltd., Class A

     89,500        2,503,150  

BYD Co. Ltd., Class H

     215,000        5,538,143  

Geely Automobile Holdings Ltd.

     1,189,900        1,404,810  

Great Wall Motor Co. Ltd., Class A

     113,300        356,423  

Great Wall Motor Co. Ltd., Class H(b)

     513,900        571,259  

Li Auto, Inc., Class A*

     323,000        5,006,089  

NIO, Inc., Class A*(b)

     314,840        1,506,527  

XPeng, Inc., Class A*(b)

     281,200        1,153,335  

Yadea Group Holdings Ltd.(a)

     232,200        376,198  
     

 

 

 
Total Automobiles

 

     18,415,934  
Banks – 1.5%

 

Bank of Suzhou Co. Ltd., Class A

     486,300        479,575  

China Minsheng Banking Corp. Ltd., Class A

     4,185,436        2,334,722  

China Minsheng Banking Corp. Ltd., Class H(b)

     2,086,900        722,614  

Ping An Bank Co. Ltd., Class A

     1,349,200        1,954,931  
     

 

 

 
Total Banks

 

     5,491,842  
Beverages – 0.9%

 

Nongfu Spring Co. Ltd., Class H(a)(b)

     583,300        3,148,864  
Biotechnology – 2.8%

 

Akeso, Inc.*(a)(b)

     159,600        951,305  

BeiGene Ltd.*

     272,100        3,306,315  

Chongqing Zhifei Biological Products Co. Ltd., Class A

     177,850        1,100,846  

Imeik Technology Development Co. Ltd., Class A

     13,580        646,099  

Innovent Biologics, Inc.*(a)

     461,200        2,221,600  

Shanghai RAAS Blood Products Co. Ltd., Class A

     787,100        769,711  

Walvax Biotechnology Co. Ltd., Class A

     244,600        518,146  

Zai Lab Ltd.*(b)

     282,700        465,962  
     

 

 

 
Total Biotechnology

 

     9,979,984  
Broadline Retail – 16.7%

 

Alibaba Group Holding Ltd.

     3,522,400        31,616,965  

JD.com, Inc., Class A

     535,502        7,382,743  

MINISO Group Holding Ltd.

     118,200        607,881  

PDD Holdings, Inc., ADR*

     166,488        19,354,230  

Vipshop Holdings Ltd., ADR

     72,382        1,197,922  
     

 

 

 
Total Broadline Retail

 

     60,159,741  
Building Products – 0.3%

 

Beijing New Building Materials PLC, Class A

     142,300        556,037  

Xinyi Glass Holdings Ltd.

     642,000      680,025  
     

 

 

 
Total Building Products

 

     1,236,062  
Capital Markets – 1.0%

 

East Money Information Co. Ltd., Class A

     1,970,243        3,497,938  
Chemicals – 2.2%

 

Dongyue Group Ltd.(b)

     441,900        414,434  

Ganfeng Lithium Group Co. Ltd., Class A

     167,000        836,334  

Ganfeng Lithium Group Co. Ltd., Class H(a)(b)

     122,340        374,377  

Guangzhou Tinci Materials Technology Co. Ltd., Class A

     191,000        584,807  

Hengli Petrochemical Co. Ltd., Class A*

     433,200        832,343  

Jiangsu Eastern Shenghong Co. Ltd., Class A

     385,400        535,071  

LB Group Co. Ltd., Class A

     193,200        503,995  

Ningxia Baofeng Energy Group Co. Ltd., Class A

     352,400        793,584  

Rongsheng Petrochemical Co. Ltd., Class A

     491,600        745,485  

Satellite Chemical Co. Ltd., Class A*

     265,000        675,238  

Tianqi Lithium Corp., Class A

     171,688        1,134,355  

Yunnan Energy New Material Co. Ltd., Class A

     80,000        457,826  
     

 

 

 
Total Chemicals

 

     7,887,849  
Communications Equipment – 0.9%

 

BYD Electronic International Co. Ltd.

     233,500        860,732  

Hengtong Optic-electric Co. Ltd., Class A

     278,469        473,678  

Zhongji Innolight Co. Ltd., Class A

     91,700        1,977,378  
     

 

 

 
Total Communications Equipment

 

     3,311,788  
Construction & Engineering – 0.1%

 

China Conch Venture Holdings Ltd.

     531,663        369,548  
Construction Materials – 0.3%

 

Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A

     299,000        651,504  

China Jushi Co. Ltd., Class A

     353,500        524,865  
     

 

 

 
Total Construction Materials

 

     1,176,369  
Consumer Staples Distribution & Retail – 0.3%

 

JD Health International, Inc.*(a)(b)

     326,850        1,156,814  
Diversified Consumer Services – 0.1%

 

East Buy Holding Ltd.*(a)(b)

     95,000        252,477  
Electrical Equipment – 4.4%

 

Contemporary Amperex Technology Co. Ltd., Class A

     372,206        9,748,594  

Eve Energy Co. Ltd., Class A

     189,100        1,019,938  

Jiangsu Zhongtian Technology Co. Ltd., Class A

     382,200        738,563  

Sieyuan Electric Co. Ltd., Class A

     82,100        674,517  

Sungrow Power Supply Co. Ltd., Class A

     146,700        2,097,331  

TBEA Co. Ltd., Class A

     584,100        1,232,496  

Zhejiang Chint Electrics Co. Ltd., Class A

     172,300        479,139  
     

 

 

 
Total Electrical Equipment

 

     15,990,578  
Electronic Equipment, Instruments & Components – 3.4%

 

AAC Technologies Holdings, Inc.

     204,200        684,889  

Chaozhou Three-Circle Group Co. Ltd., Class A

     192,600        654,963  

Eoptolink Technology, Inc. Ltd., Class A

     82,600        762,244  

Foxconn Industrial Internet Co. Ltd., Class A

     600,300        1,882,655  

GoerTek, Inc., Class A

     341,100        750,754  

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2024

 

 

 

Investments    Shares      Value  

Kingboard Holdings Ltd.

     210,300      $ 428,852  

Lens Technology Co. Ltd., Class A

     288,000        541,061  

Luxshare Precision Industry Co. Ltd., Class A

     693,276        2,808,282  

Maxscend Microelectronics Co. Ltd., Class A

     43,000        601,671  

Sunny Optical Technology Group Co. Ltd.

     237,400        1,211,805  

SUPCON Technology Co. Ltd., Class A

     85,986        551,062  

Wingtech Technology Co. Ltd., Class A*

     126,400        637,188  

WUS Printed Circuit Kunshan Co. Ltd., Class A

     177,300        737,000  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     12,252,426  
Entertainment – 4.7%

 

37 Interactive Entertainment Network Technology Group Co. Ltd., Class A

     234,800        563,036  

Bilibili, Inc., Class Z*(b)

     68,965        778,081  

China Ruyi Holdings Ltd.*(b)

     1,664,000        423,099  

iQIYI, Inc., ADR*

     146,472        619,576  

NetEase, Inc.

     594,715        12,370,820  

Tencent Music Entertainment Group, ADR*

     200,491        2,243,494  
     

 

 

 
Total Entertainment

 

     16,998,106  
Food Products – 3.6%

 

China Feihe Ltd.(a)

     1,123,100        528,082  

Foshan Haitian Flavouring & Food Co. Ltd., Class A

     245,347        1,331,762  

Guangdong Haid Group Co. Ltd., Class A

     121,403        737,407  

Henan Shuanghui Investment & Development Co. Ltd., Class A

     163,200        590,050  

Inner Mongolia Yili Industrial Group Co. Ltd., Class A

     847,600        3,257,126  

Meihua Holdings Group Co. Ltd., Class A

     321,900        456,665  

Muyuan Foods Co. Ltd., Class A

     364,774        2,167,925  

Tingyi Cayman Islands Holding Corp.

     559,000        612,822  

Want Want China Holdings Ltd.

     1,568,100        925,659  

Wens Foodstuffs Group Co. Ltd., Class A

     840,300        2,199,011  
     

 

 

 
Total Food Products

 

     12,806,509  
Gas Utilities – 0.5%

 

ENN Energy Holdings Ltd.

     247,200        1,904,588  
Health Care Equipment & Supplies – 1.2%

 

Shandong Weigao Group Medical Polymer Co. Ltd., Class H

     792,400        494,083  

Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A

     90,574        3,511,233  

Shenzhen New Industries Biomedical Engineering Co. Ltd., Class A

     51,800        471,882  
     

 

 

 
Total Health Care Equipment & Supplies

 

     4,477,198  
Health Care Providers & Services – 0.6%

 

Aier Eye Hospital Group Co. Ltd., Class A

     670,280        1,181,696  

Huadong Medicine Co. Ltd., Class A

     116,340        496,741  

Hygeia Healthcare Holdings Co. Ltd.(a)(b)

     116,100        473,215  
     

 

 

 
Total Health Care Providers & Services

 

     2,151,652  
Hotels, Restaurants & Leisure – 6.5%

 

H World Group Ltd.

     344,170        1,332,450  

Haidilao International Holding Ltd.(a)(b)

     405,000        913,862  

Meituan, Class B*(a)

     899,900        11,130,247  

Tongcheng Travel Holdings Ltd.*(c)

     250,800      661,733  

Trip.com Group Ltd.*

     129,927        5,730,670  

Yum China Holdings, Inc.

     95,850        3,774,504  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     23,543,466  
Household Durables – 1.6%

 

Gree Electric Appliances, Inc. of Zhuhai, Class A

     456,000        2,468,922  

Haier Smart Home Co. Ltd., Class A

     425,500        1,462,209  

Haier Smart Home Co. Ltd., Class H

     513,500        1,597,624  

Hisense Home Appliances Group Co. Ltd., Class H

     73,000        227,121  
     

 

 

 
Total Household Durables

 

     5,755,876  
Household Products – 0.1%

 

Vinda International Holdings Ltd.

     105,000        314,606  
Industrial Conglomerates – 0.1%

 

Fosun International Ltd.

     706,700        368,409  
Insurance – 4.7%

 

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

     1,446,494        8,130,602  

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

     2,017,900        8,521,308  

ZhongAn Online P&C Insurance Co. Ltd., Class H*(a)(b)

     241,300        385,392  
     

 

 

 
Total Insurance

 

     17,037,302  
Interactive Media & Services – 15.6%

 

Baidu, Inc., Class A*

     794,500        10,425,563  

Kanzhun Ltd., ADR

     94,056        1,648,802  

Kuaishou Technology*(a)

     765,600        4,798,175  

Tencent Holdings Ltd.

     1,019,000        39,554,613  
     

 

 

 
Total Interactive Media & Services

 

     56,427,153  
IT Services – 0.1%

 

Isoftstone Information Technology Group Co. Ltd., Class A*

     82,200        526,232  
Life Sciences Tools & Services – 1.9%

 

Genscript Biotech Corp.*(b)

     376,400        697,353  

Hangzhou Tigermed Consulting Co. Ltd., Class A

     82,067        600,774  

Pharmaron Beijing Co. Ltd., Class A

     145,825        409,131  

WuXi AppTec Co. Ltd., Class A

     353,247        2,246,838  

WuXi AppTec Co. Ltd., Class H(a)

     123,395        584,934  

Wuxi Biologics Cayman, Inc.*(a)

     1,213,400        2,217,049  
     

 

 

 
Total Life Sciences Tools & Services

 

     6,756,079  
Machinery – 2.0%

 

Haitian International Holdings Ltd.

     191,400        556,363  

Jiangsu Hengli Hydraulic Co. Ltd., Class A

     67,100        463,297  

Sany Heavy Industry Co. Ltd., Class A

     919,548        1,846,594  

Shenzhen Inovance Technology Co. Ltd., Class A

     264,700        2,231,962  

Wuxi Lead Intelligent Equipment Co. Ltd., Class A

     162,000        539,301  

Yutong Bus Co. Ltd., Class A

     197,800        541,332  

Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A

     298,300        974,968  
     

 

 

 
Total Machinery

 

     7,153,817  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Schedule of Investments (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2024

 

 

 

Investments    Shares      Value  
Marine Transportation – 0.2%

 

SITC International Holdings Co. Ltd.

     413,000      $ 754,608  
Media – 0.5%

 

China Literature Ltd.*(a)(b)

     125,800        420,327  

Focus Media Information Technology Co. Ltd., Class A

     1,546,124        1,388,454  
     

 

 

 
Total Media

 

     1,808,781  
Metals & Mining – 0.8%

 

China Hongqiao Group Ltd.(b)

     621,600        698,922  

GEM Co. Ltd., Class A

     746,500        645,697  

Yintai Gold Co. Ltd., Class A*

     246,000        612,933  

Zhejiang Huayou Cobalt Co. Ltd., Class A

     209,350        781,992  
     

 

 

 
Total Metals & Mining

 

     2,739,544  
Oil, Gas & Consumable Fuels – 0.2%

 

Guanghui Energy Co. Ltd., Class A

     586,100        600,598  
Passenger Airlines – 0.4%

 

Hainan Airlines Holding Co. Ltd., Class A*

     3,528,700        665,847  

Spring Airlines Co. Ltd., Class A*

     82,500        628,829  
     

 

 

 
Total Passenger Airlines

 

     1,294,676  
Personal Care Products – 0.4%

 

Giant Biogene Holding Co. Ltd.*(a)

     129,400        703,508  

Hengan International Group Co. Ltd.

     215,900        679,993  
     

 

 

 
Total Personal Care Products

 

     1,383,501  
Pharmaceuticals – 2.6%

 

Asymchem Laboratories Tianjin Co. Ltd., Class A

     36,327        430,496  

China Medical System Holdings Ltd.

     401,000        421,164  

Hansoh Pharmaceutical Group Co. Ltd.(a)

     330,100        652,908  

Humanwell Healthcare Group Co. Ltd., Class A

     164,900        440,845  

HUTCHMED China Ltd.*(b)

     168,500        575,916  

Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A

     614,768        3,892,470  

Kangmei Pharmaceutical Co. Ltd., Class A*

     199,602        59,657  

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A

     189,104        600,880  

Sichuan Kelun Pharmaceutical Co. Ltd., Class A

     151,500        637,475  

Sino Biopharmaceutical Ltd.

     3,275,150        1,263,785  

Zhejiang NHU Co. Ltd., Class A

     245,260        563,121  
     

 

 

 
Total Pharmaceuticals

 

     9,538,717  
Real Estate Management & Development – 1.5%

 

Country Garden Services Holdings Co. Ltd.(b)

     720,300        461,091  

ESR Group Ltd.(a)

     800,000        855,560  

KE Holdings, Inc., ADR

     229,617        3,152,641  

Longfor Group Holdings Ltd.(a)(b)

     571,200        807,195  
     

 

 

 
Total Real Estate Management & Development

 

     5,276,487  
Semiconductors & Semiconductor Equipment – 4.0%

 

Daqo New Energy Corp., ADR*(b)

     13,957        392,890  

GCL Technology Holdings Ltd.

     5,963,000        975,236  

GigaDevice Semiconductor, Inc., Class A

     87,426        865,422  

JA Solar Technology Co. Ltd., Class A

     242,760        584,130  

JCET Group Co. Ltd., Class A

     188,107        728,810  

JinkoSolar Holding Co. Ltd., ADR(b)

     11,920        300,265  

LONGi Green Energy Technology Co. Ltd., Class A

     949,468        2,551,391  

Montage Technology Co. Ltd., Class A

     134,611      851,933  

NAURA Technology Group Co. Ltd., Class A

     38,100        1,603,680  

Sanan Optoelectronics Co. Ltd., Class A

     499,300        834,872  

SG Micro Corp., Class A

     44,345        397,128  

Tongwei Co. Ltd., Class A

     383,758        1,314,537  

Trina Solar Co. Ltd., Class A

     180,757        592,532  

Will Semiconductor Co. Ltd. Shanghai, Class A

     115,166        1,561,000  

Xinyi Solar Holdings Ltd.

     1,254,765        971,561  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     14,525,387  
Software – 1.2%

 

360 Security Technology, Inc., Class A*

     431,400        518,127  

Beijing Kingsoft Office Software, Inc., Class A

     33,889        1,358,286  

Hundsun Technologies, Inc., Class A

     237,210        737,075  

Kingdee International Software Group Co. Ltd.*

     876,700        989,115  

Yonyou Network Technology Co. Ltd., Class A

     330,813        544,490  
     

 

 

 
Total Software

 

     4,147,093  
Specialty Retail – 0.6%

 

Chow Tai Fook Jewellery Group Ltd.

     541,800        798,877  

Pop Mart International Group Ltd.(a)(b)

     137,300        504,363  

Topsports International Holdings Ltd.(a)

     624,200        417,917  

Zhongsheng Group Holdings Ltd.

     149,100        258,329  
     

 

 

 
Total Specialty Retail

 

     1,979,486  
Technology Hardware, Storage & Peripherals – 0.3%

 

Shenzhen Transsion Holdings Co. Ltd., Class A

     41,016        950,604  
Textiles, Apparel & Luxury Goods – 1.8%

 

ANTA Sports Products Ltd.

     275,300        2,926,609  

Bosideng International Holdings Ltd.

     846,000        422,652  

Li Ning Co. Ltd.

     549,500        1,460,381  

Shenzhou International Group Holdings Ltd.

     189,400        1,793,219  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     6,602,861  
Tobacco – 0.1%

 

Smoore International Holdings Ltd.(a)(b)

     570,000        485,048  
     

 

 

 
Total China

 

     359,481,429  
United States – 0.3%

 

Biotechnology – 0.3%

 

Legend Biotech Corp., ADR*      17,591        986,679  

TOTAL COMMON STOCKS

(Cost: $469,788,343)

 

 

     360,468,108  
RIGHTS – 0.0%

 

China – 0.0%

 

Kangmei Pharmaceutical Co. Ltd.,
expiring 11/12/24*

     

(Cost: $0)

     92,750        0  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7%

 

United States – 0.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(d)

     
(Cost: $2,648,553)      2,648,553        2,648,553  

TOTAL INVESTMENTS IN SECURITIES – 100.7%

(Cost: $472,436,896)

        363,116,661  

Other Assets less Liabilities – (0.7)%

        (2,469,485
     

 

 

 
NET ASSETS – 100.0%             $ 360,647,176  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2024

 

 

* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $17,915,740 and the total market value of the collateral held by the Fund was $19,082,309. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $16,433,756.

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
    

Other

Significant
Observable
Inputs
(Level 2)

     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

   $ 360,468,108      $      $      $ 360,468,108  

Rights

                   0 *       0  

Investment of Cash Collateral for Securities Loaned

            2,648,553               2,648,553  

Total Investments in Securities

   $ 360,468,108      $ 2,648,553      $ 0      $ 363,116,661  
* 

Fair valuations using significant unobservable inputs were determined by a valuation committee of WisdomTree Asset Management, Inc. in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.2%

 

Argentina – 0.0%

 

Grupo Financiero Galicia SA, ADR*(a)

     36,161      $ 919,213  
Brazil – 5.5%

 

3R Petroleum Oleo & Gas SA*

     139,398        918,728  

Allos SA

     305,377        1,459,304  

Ambev SA

     2,010,103        5,015,670  

Atacadao SA

     264,058        719,024  

B3 SA – Brasil Bolsa Balcao

     2,831,569        6,782,574  

Banco Bradesco SA

     641,294        1,632,205  

Banco Santander Brasil SA

     234,575        1,336,532  

BRF SA*

     387,914        1,264,748  

CCR SA

     483,209        1,334,109  

Cia Siderurgica Nacional SA

     315,690        990,168  

Cosan SA

     707,787        2,290,687  

Embraer SA*

     321,740        2,141,055  

Energisa SA

     127,370        1,218,088  

Eneva SA*

     777,925        1,981,509  

Engie Brasil Energia SA

     101,381        815,415  

Equatorial Energia SA

     424,241        2,758,747  

GPS Participacoes & Empreendimentos SA(b)

     298,716        1,236,507  

Hapvida Participacoes & Investimentos SA*(b)

     2,150,633        1,589,704  

Hypera SA

     211,131        1,388,967  

Itau Unibanco Holding SA

     288,189        1,723,762  

Itausa SA

     540,312        1,129,079  

Klabin SA

     443,482        2,237,987  

Localiza Rent a Car SA

     445,446        4,865,996  

Lojas Renner SA

     401,869        1,363,234  

Magazine Luiza SA*

     1,849,141        664,953  

MercadoLibre, Inc.*

     14,584        22,050,425  

Multiplan Empreendimentos Imobiliarios SA

     136,037        695,465  

Natura & Co. Holding SA

     367,451        1,312,548  

PRIO SA

     389,159        3,789,316  

Raia Drogasil SA

     582,127        3,183,030  

Rede D’Or Sao Luiz SA(b)

     476,691        2,410,334  

Rumo SA

     634,447        2,821,426  

Santos Brasil Participacoes SA

     431,141        1,147,286  

Sendas Distribuidora SA

     649,226        1,907,905  

Suzano SA

     361,692        4,623,079  

Telefonica Brasil SA

     180,415        1,823,775  

TIM SA

     440,158        1,565,225  

TOTVS SA

     258,260        1,464,259  

Transmissora Alianca de Energia Eletrica SA

     64,853        470,440  

Ultrapar Participacoes SA

     441,404        2,510,568  

Vibra Energia SA

     613,811        3,066,878  

WEG SA

     710,988        5,425,926  
     

 

 

 
Total Brazil

 

     109,126,637  
Chile – 0.4%

 

Banco de Chile

     18,473,906        2,052,970  

Banco Santander Chile

     28,493,925        1,417,652  

Cencosud SA

     809,089        1,402,305  

Empresas CMPC SA

     467,888        949,753  

Empresas Copec SA

     168,403        1,208,532  
     

 

 

 
Total Chile

 

     7,031,212  
China – 23.6%

 

360 Security Technology, Inc., Class A*

     505,500      $ 607,124  

37 Interactive Entertainment Network Technology Group Co. Ltd., Class A

     282,200        676,699  

AAC Technologies Holdings, Inc.

     271,000        908,937  

Aier Eye Hospital Group Co. Ltd., Class A

     857,085        1,511,031  

Akeso, Inc.*(a)(b)

     207,000        1,233,835  

Alibaba Group Holding Ltd.

     4,957,332        44,496,876  

ANTA Sports Products Ltd.

     396,900        4,219,292  

Asymchem Laboratories Tianjin Co. Ltd., Class A

     48,540        575,227  

Baidu, Inc., Class A*

     830,350        10,895,993  

BeiGene Ltd.*

     294,400        3,577,285  

Beijing Kingsoft Office Software, Inc., Class A

     37,470        1,501,814  

Beijing New Building Materials PLC, Class A

     192,500        752,193  

Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A

     437,800        953,941  

Bilibili, Inc., Class Z*(a)

     87,114        982,842  

Bosideng International Holdings Ltd.

     1,602,000        800,340  

BYD Co. Ltd., Class A

     115,410        3,227,805  

BYD Co. Ltd., Class H(a)

     335,500        8,642,079  

BYD Electronic International Co. Ltd.

     283,500        1,045,043  

Chaozhou Three-Circle Group Co. Ltd., Class A

     328,400        1,116,770  

China Conch Venture Holdings Ltd.

     821,400        570,938  

China Feihe Ltd.(b)

     2,552,000        1,199,951  

China Hongqiao Group Ltd.(a)

     871,500        979,908  

China Jushi Co. Ltd., Class A

     456,900        678,390  

China Medical System Holdings Ltd.

     609,000        639,623  

China Minsheng Banking Corp. Ltd., Class A

     6,002,479        3,348,306  

Chongqing Zhifei Biological Products Co. Ltd., Class A

     207,050        1,281,586  

Chow Tai Fook Jewellery Group Ltd.

     893,000        1,316,717  

Contemporary Amperex Technology Co. Ltd., Class A

     430,850        11,284,562  

Country Garden Services Holdings Co. Ltd.(a)

     1,364,000        873,147  

East Money Information Co. Ltd., Class A

     2,323,853        4,125,732  

ENN Energy Holdings Ltd.

     261,600        2,015,535  

Eoptolink Technology, Inc. Ltd., Class A

     104,600        965,264  

ESR Group Ltd.(a)(b)

     672,000        718,671  

Eve Energy Co. Ltd., Class A

     240,000        1,294,474  

Focus Media Information Technology Co. Ltd., Class A

     2,017,300        1,811,580  

Foshan Haitian Flavouring & Food Co. Ltd., Class A

     314,966        1,709,659  

Foxconn Industrial Internet Co. Ltd., Class A

     700,900        2,198,156  

Fuyao Glass Industry Group Co. Ltd., Class A

     179,482        1,069,416  

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

     273,200        1,375,346  

Ganfeng Lithium Group Co. Ltd., Class A

     304,720        1,526,034  

GCL Technology Holdings Ltd.

     7,591,000        1,241,493  

Geely Automobile Holdings Ltd.

     1,428,000        1,685,914  

GEM Co. Ltd., Class A

     1,241,800        1,074,115  

Genscript Biotech Corp.*(a)

     494,000        915,230  

Giant Biogene Holding Co. Ltd.*(b)

     151,400        823,115  

GigaDevice Semiconductor, Inc., Class A

     115,200        1,140,354  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2024

 

 

 

Investments    Shares      Value  

GoerTek, Inc., Class A

     392,700      $ 864,325  

Great Wall Motor Co. Ltd., Class H(a)

     1,137,700        1,264,685  

Gree Electric Appliances, Inc. of Zhuhai, Class A

     721,000        3,903,712  

Guangdong Haid Group Co. Ltd., Class A

     161,500        980,958  

Guanghui Energy Co. Ltd., Class A

     736,000        754,206  

Guangzhou Tinci Materials Technology Co. Ltd., Class A

     249,300        763,310  

H World Group Ltd.

     580,770        2,248,444  

Haidilao International Holding Ltd.(a)(b)

     466,300        1,052,183  

Haier Smart Home Co. Ltd., Class A

     652,500        2,242,284  

Haier Smart Home Co. Ltd., Class H

     864,000        2,688,115  

Hainan Airlines Holding Co. Ltd., Class A*

     5,389,300        1,016,933  

Hangzhou Tigermed Consulting Co. Ltd., Class A

     101,600        743,766  

Hansoh Pharmaceutical Group Co. Ltd.(b)

     394,000        779,296  

Henan Shuanghui Investment & Development Co. Ltd., Class A

     202,000        730,332  

Hengli Petrochemical Co. Ltd., Class A*

     543,940        1,045,116  

Huadong Medicine Co. Ltd., Class A

     144,100        615,269  

Hundsun Technologies, Inc., Class A

     327,871        1,018,783  

HUTCHMED China Ltd.*(a)

     202,500        692,124  

Imeik Technology Development Co. Ltd., Class A

     19,500        927,757  

Inner Mongolia Yili Industrial Group Co. Ltd., Class A

     966,900        3,715,568  

Innovent Biologics, Inc.*(b)

     481,000        2,316,976  

iQIYI, Inc., ADR*

     173,664        734,599  

Isoftstone Information Technology Group Co. Ltd., Class A*

     101,500        649,788  

JA Solar Technology Co. Ltd., Class A

     259,952        625,497  

JCET Group Co. Ltd., Class A

     242,600        939,940  

JD Health International, Inc.*(a)(b)

     341,900        1,210,080  

JD Logistics, Inc.*(b)

     488,500        497,460  

JD.com, Inc., Class A

     735,709        10,142,913  

Jiangsu Eastern Shenghong Co. Ltd., Class A

     501,100        695,704  

Jiangsu Hengli Hydraulic Co. Ltd., Class A

     95,000        655,935  

Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A

     708,013        4,482,860  

Jiangsu Zhongtian Technology Co. Ltd., Class A

     425,400        822,043  

Kangmei Pharmaceutical Co. Ltd., Class A*

     31,038        9,277  

Kanzhun Ltd., ADR

     91,017        1,595,528  

KE Holdings, Inc., ADR

     214,695        2,947,762  

Kingdee International Software Group Co. Ltd.*

     905,000        1,021,044  

Kuaishou Technology*(b)

     805,500        5,048,237  

LB Group Co. Ltd., Class A

     255,300        665,994  

Lens Technology Co. Ltd., Class A

     473,200        888,993  

Li Auto, Inc., Class A*

     463,900        7,189,859  

Li Ning Co. Ltd.

     785,000        2,086,259  

LONGi Green Energy Technology Co. Ltd., Class A

     1,128,072        3,031,332  

Luxshare Precision Industry Co. Ltd., Class A

     827,200        3,350,773  

Maxscend Microelectronics Co. Ltd., Class A

     53,300        745,792  

Meituan, Class B*(b)

     1,270,400        15,712,708  

MINISO Group Holding Ltd.

     181,400        932,907  

Montage Technology Co. Ltd., Class A

     149,385      945,436  

Muyuan Foods Co. Ltd., Class A

     425,876        2,531,066  

NAURA Technology Group Co. Ltd., Class A

     44,461        1,871,423  

NetEase, Inc.

     622,930        12,957,727  

Ningxia Baofeng Energy Group Co. Ltd., Class A

     493,900        1,112,234  

NIO, Inc., Class A*(a)

     451,190        2,158,969  

Nongfu Spring Co. Ltd., Class H(a)(b)

     643,000        3,471,146  

PDD Holdings, Inc., ADR*

     238,337        27,706,676  

Pharmaron Beijing Co. Ltd., Class A

     174,966        490,890  

Ping An Bank Co. Ltd., Class A

     1,571,726        2,277,362  

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

     1,735,208        9,753,435  

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

     1,833,500        7,742,613  

Rongsheng Petrochemical Co. Ltd., Class A

     552,000        837,078  

Sanan Optoelectronics Co. Ltd., Class A

     758,800        1,268,777  

Sany Heavy Industry Co. Ltd., Class A

     1,099,436        2,207,837  

Satellite Chemical Co. Ltd., Class A*

     351,390        895,366  

SF Holding Co. Ltd., Class A

     436,973        2,190,763  

Shandong Weigao Group Medical Polymer Co. Ltd., Class H

     200        125  

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A

     237,973        756,162  

Shanghai RAAS Blood Products Co. Ltd., Class A

     1,031,400        1,008,614  

Shenzhen Inovance Technology Co. Ltd., Class A

     317,800        2,679,703  

Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A

     104,000        4,031,712  

Shenzhen New Industries Biomedical Engineering Co. Ltd., Class A

     65,500        596,685  

Shenzhen Transsion Holdings Co. Ltd., Class A

     51,240        1,187,559  

Shenzhou International Group Holdings Ltd.

     267,100        2,528,875  

Sichuan Kelun Pharmaceutical Co. Ltd., Class A

     189,500        797,370  

Sieyuan Electric Co. Ltd., Class A

     100,600        826,510  

Sino Biopharmaceutical Ltd.

     3,888,000        1,500,266  

SITC International Holdings Co. Ltd.

     190,000        347,156  

Smoore International Holdings Ltd.(a)(b)

     1,063,000        904,571  

Spring Airlines Co. Ltd., Class A*

     110,300        840,725  

Sungrow Power Supply Co. Ltd., Class A

     173,900        2,486,202  

Sunny Optical Technology Group Co. Ltd.

     232,000        1,184,241  

SUPCON Technology Co. Ltd., Class A

     95,256        610,471  

TBEA Co. Ltd., Class A

     636,153        1,342,332  

Tencent Holdings Ltd.

     2,031,400        78,853,033  

Tencent Music Entertainment Group, ADR*

     214,981        2,405,637  

Tianqi Lithium Corp., Class A

     203,200        1,342,557  

Tingyi Cayman Islands Holding Corp.

     666,000        730,124  

Tongcheng Travel Holdings Ltd.*(c)

     490,400        1,293,915  

Tongwei Co. Ltd., Class A

     452,358        1,549,521  

Trina Solar Co. Ltd., Class A

     184,566        605,018  

Trip.com Group Ltd.*

     192,420        8,487,039  

Vipshop Holdings Ltd., ADR

     93,302        1,544,148  

Walvax Biotechnology Co. Ltd., Class A

     451,000        955,372  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2024

 

 

 

Investments    Shares      Value  

Want Want China Holdings Ltd.

     2,126,000      $ 1,254,990  

Wens Foodstuffs Group Co. Ltd., Class A

     999,100        2,614,580  

Will Semiconductor Co. Ltd. Shanghai, Class A

     118,640        1,608,088  

Wingtech Technology Co. Ltd., Class A*

     136,970        690,472  

WUS Printed Circuit Kunshan Co. Ltd., Class A

     242,500        1,008,023  

WuXi AppTec Co. Ltd., Class A

     396,573        2,522,415  

WuXi AppTec Co. Ltd., Class H(b)

     137,800        653,218  

Wuxi Biologics Cayman, Inc.*(b)

     1,176,500        2,149,627  

Wuxi Lead Intelligent Equipment Co. Ltd., Class A

     244,200        812,946  

Xinyi Glass Holdings Ltd.

     548,000        580,457  

Xinyi Solar Holdings Ltd.

     1,351,753        1,046,659  

XPeng, Inc., Class A*(a)

     410,000        1,681,605  

Yadea Group Holdings Ltd.(b)

     498,000        806,833  

Yintai Gold Co. Ltd., Class A*

     330,000        822,227  

Yonyou Network Technology Co. Ltd., Class A

     368,800        607,013  

Yum China Holdings, Inc.

     140,044        5,514,833  

Yunnan Energy New Material Co. Ltd., Class A

     112,100        641,529  

Zai Lab Ltd.*(a)

     306,700        505,520  

Zhejiang Chint Electrics Co. Ltd., Class A

     251,800        700,215  

Zhejiang Huayou Cobalt Co. Ltd., Class A

     264,370        987,510  

Zhejiang NHU Co. Ltd., Class A

     80        184  

Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A

     381,000        1,245,266  

Zhongji Innolight Co. Ltd., Class A

     108,800        2,346,114  

Zhongsheng Group Holdings Ltd.

     563,500        976,312  

ZTO Express Cayman, Inc.

     131,912        2,861,918  
     

 

 

 
Total China

 

     469,088,763  
Czech Republic – 0.1%

 

Komercni Banka AS

     51,978        1,864,841  

Moneta Money Bank AS(b)

     249,417        1,086,598  
     

 

 

 
Total Czech Republic

 

     2,951,439  
Hungary – 0.3%

 

MOL Hungarian Oil & Gas PLC

     141,813        1,150,512  

OTP Bank Nyrt

     73,281        3,374,303  

Richter Gedeon Nyrt

     37,481        951,274  
     

 

 

 
Total Hungary

 

     5,476,089  
India – 22.0%

 

Aarti Industries Ltd.

     120,482        961,444  

ABB India Ltd.

     17,983        1,371,508  

ACC Ltd.

     31,560        942,874  

Adani Energy Solutions Ltd.*

     121,328        1,493,570  

Adani Enterprises Ltd.

     119,829        4,593,451  

Adani Green Energy Ltd.*

     126,782        2,789,652  

Adani Ports & Special Economic Zone Ltd.

     237,535        3,821,664  

Adani Power Ltd.*

     252,485        1,615,977  

Adani Total Gas Ltd.

     94,509        1,049,936  

Alkem Laboratories Ltd.

     15,988        947,366  

Ambuja Cements Ltd.

     240,420        1,765,189  

APL Apollo Tubes Ltd.

     75,716        1,358,081  

Apollo Hospitals Enterprise Ltd.

     44,578        3,397,661  

Ashok Leyland Ltd.

     814,880        1,673,190  

Asian Paints Ltd.

     151,436        5,168,915  

Astral Ltd.

     57,701      1,377,622  

AU Small Finance Bank Ltd.(b)

     142,214        963,411  

Aurobindo Pharma Ltd.

     88,487        1,155,124  

Avenue Supermarts Ltd.*(b)

     58,375        3,167,554  

Axis Bank Ltd.

     774,492        9,724,505  

Bajaj Auto Ltd.

     24,076        2,640,818  

Bajaj Finserv Ltd.

     139,767        2,754,785  

Bajaj Holdings & Investment Ltd.

     11,462        1,136,924  

Balkrishna Industries Ltd.

     37,399        1,039,136  

Berger Paints India Ltd.

     159,667        1,097,056  

Bharat Forge Ltd.

     114,113        1,545,542  

Bharti Airtel Ltd.

     807,731        11,898,664  

Bosch Ltd.

     3,079        1,108,676  

Britannia Industries Ltd.

     44,334        2,610,658  

CG Power & Industrial Solutions Ltd.

     268,380        1,740,556  

Cipla Ltd.

     195,542        3,509,686  

Coforge Ltd.

     21,991        1,450,848  

Colgate-Palmolive India Ltd.

     68,712        2,232,950  

Computer Age Management Services Ltd.

     29,494        1,031,074  

Crompton Greaves Consumer Electricals Ltd.

     322,089        1,033,048  

Cummins India Ltd.

     52,404        1,888,907  

Cyient Ltd.

     38,031        910,323  

Dabur India Ltd.

     228,150        1,431,092  

Deepak Nitrite Ltd.

     40,538        1,033,105  

Delhivery Ltd.*

     145,236        775,875  

Divi’s Laboratories Ltd.

     49,848        2,059,187  

Dixon Technologies India Ltd.(c)

     11,684        1,047,781  

DLF Ltd.

     267,715        2,879,295  

Dr. Reddy’s Laboratories Ltd.

     43,649        3,222,759  

Eicher Motors Ltd.

     52,752        2,542,203  

Federal Bank Ltd.

     1,068,555        1,924,366  

Fortis Healthcare Ltd.

     313,870        1,581,346  

FSN E-Commerce Ventures Ltd.*

     349,199        678,071  

GMR Airports Infrastructure Ltd.*

     1,026,715        1,004,526  

Godrej Consumer Products Ltd.

     140,461        2,108,199  

Godrej Properties Ltd.*

     61,746        1,702,850  

Grasim Industries Ltd.

     153,896        4,220,573  

Havells India Ltd.

     89,468        1,625,179  

HCL Technologies Ltd.

     361,990        6,699,435  

HDFC Asset Management Co. Ltd.(b)

     49,209        2,214,988  

HDFC Bank Ltd.

     1,785,301        30,993,523  

HDFC Life Insurance Co. Ltd.(b)

     334,257        2,538,313  

Hero MotoCorp Ltd.

     45,697        2,587,392  

Hindalco Industries Ltd.

     498,804        3,350,678  

Hindustan Unilever Ltd.

     295,283        8,016,835  

ICICI Bank Ltd., ADR

     709,641        18,741,619  

ICICI Lombard General Insurance Co. Ltd.(b)

     94,616        1,910,982  

ICICI Prudential Life Insurance Co. Ltd.(b)

     129,371        944,116  

IDFC First Bank Ltd.*

     1,521,428        1,375,446  

Indian Hotels Co. Ltd.

     376,640        2,669,593  

Indus Towers Ltd.*

     311,741        1,088,258  

IndusInd Bank Ltd.

     193,465        3,602,424  

Info Edge India Ltd.

     38,470        2,579,350  

Infosys Ltd., ADR(a)

     981,691        17,601,720  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2024

 

 

 

Investments    Shares      Value  

InterGlobe Aviation Ltd.*(b)

     55,107      $ 2,344,719  

Jindal Stainless Ltd.

     139,796        1,164,010  

Jindal Steel & Power Ltd.

     130,768        1,331,395  

Jio Financial Services Ltd.*

     1,013,712        4,299,639  

JSW Energy Ltd.

     157,749        1,000,371  

JSW Steel Ltd.

     334,936        3,333,999  

Jubilant Foodworks Ltd.

     115,271        620,358  

Kotak Mahindra Bank Ltd.

     366,521        7,846,566  

KPIT Technologies Ltd.

     46,330        825,694  

Larsen & Toubro Ltd.

     210,835        9,514,845  

Laurus Labs Ltd.(b)

     202,331        951,825  

LTIMindtree Ltd.(b)

     35,644        2,110,540  

Lupin Ltd.

     102,749        1,991,842  

Macrotech Developers Ltd.(b)

     89,006        1,212,164  

Mahindra & Mahindra Ltd.

     324,072        7,465,672  

Marico Ltd.

     256,161        1,527,092  

Maruti Suzuki India Ltd.

     42,287        6,388,669  

Max Financial Services Ltd.*

     102,019        1,225,904  

Max Healthcare Institute Ltd.

     300,624        2,955,327  

Motherson Sumi Wiring India Ltd.

     1,576,570        1,249,498  

Mphasis Ltd.

     34,254        980,789  

MRF Ltd.

     1,327        2,122,299  

Nestle India Ltd.

     136,720        4,298,764  

One 97 Communications Ltd.*

     92,305        445,629  

Oracle Financial Services Software Ltd.

     8,188        861,393  

Page Industries Ltd.

     3,020        1,247,467  

PB Fintech Ltd.*

     119,331        1,608,559  

Persistent Systems Ltd.

     42,296        2,020,689  

Phoenix Mills Ltd.

     34,900        1,164,470  

PI Industries Ltd.

     33,418        1,549,663  

Pidilite Industries Ltd.

     52,618        1,901,951  

Polycab India Ltd.

     15,884        964,629  

Prestige Estates Projects Ltd.

     51,629        724,270  

Reliance Industries Ltd., GDR(b)

     469,041        33,489,527  

Reliance Industries Ltd., GDR(a)(b)

     39,698        2,834,437  

Samvardhana Motherson International Ltd.

     996,836        1,399,592  

Shree Cement Ltd.

     5,403        1,663,792  

Siemens Ltd.

     34,144        2,200,073  

Solar Industries India Ltd.

     9,030        950,801  

Sona Blw Precision Forgings Ltd.(b)

     127,922        1,082,780  

SRF Ltd.

     48,115        1,477,011  

Sun Pharmaceutical Industries Ltd.

     369,908        7,187,487  

Supreme Industries Ltd.

     28,782        1,460,522  

Suzlon Energy Ltd.*

     3,768,445        1,825,427  

Tata Communications Ltd.

     47,796        1,152,113  

Tata Consultancy Services Ltd.

     320,922        14,915,500  

Tata Consumer Products Ltd.

     234,246        3,078,810  

Tata Elxsi Ltd.

     15,466        1,443,663  

Tata Motors Ltd.

     592,712        7,055,478  

Tata Power Co. Ltd.

     539,194        2,548,488  

Tata Steel Ltd.

     2,801,761        5,235,508  

Tech Mahindra Ltd.

     245,102        3,667,897  

Titan Co. Ltd.

     137,308        6,259,016  

Torrent Pharmaceuticals Ltd.

     51,590        1,608,644  

Torrent Power Ltd.

     65,769      1,070,843  

Trent Ltd.

     66,975        3,170,376  

Tube Investments of India Ltd.

     42,405        1,899,829  

TVS Motor Co. Ltd.

     86,224        2,224,647  

UltraTech Cement Ltd.

     40,384        4,720,598  

United Spirits Ltd.

     151,228        2,056,657  

UPL Ltd.

     249,352        1,363,323  

Varun Beverages Ltd.

     173,729        2,913,311  

Vedanta Ltd.

     485,504        1,581,333  

Voltas Ltd.

     98,775        1,306,953  

Wipro Ltd.

     542,117        3,120,654  

Zee Entertainment Enterprises Ltd.*

     386,930        642,776  

Zomato Ltd.*

     1,928,204        4,210,017  

Zydus Lifesciences Ltd.

     76,202        920,381  
     

 

 

 
Total India

 

     438,708,389  
Indonesia – 2.0%

 

Adaro Energy Indonesia Tbk. PT

     7,300,500        1,243,226  

Amman Mineral Internasional PT*

     3,125,700        1,725,000  

Astra International Tbk. PT

     10,491,200        3,407,738  

Bank Central Asia Tbk. PT

     29,010,800        18,434,803  

Barito Pacific Tbk. PT

     15,004,198        894,290  

Chandra Asri Pacific Tbk. PT

     3,049,100        1,120,215  

Charoen Pokphand Indonesia Tbk. PT

     3,950,500        1,308,113  

GoTo Gojek Tokopedia Tbk. PT*

     553,002,000        2,406,631  

Indah Kiat Pulp & Paper Tbk. PT

     1,650,300        996,633  

Indofood CBP Sukses Makmur Tbk. PT

     1,324,600        969,118  

Indofood Sukses Makmur Tbk. PT

     2,581,600        1,038,013  

Indosat Tbk. PT

     1,193,600        841,279  

Kalbe Farma Tbk. PT

     11,689,500        1,087,481  

Merdeka Copper Gold Tbk. PT*

     6,139,300        882,851  

Sarana Menara Nusantara Tbk. PT

     16,610,200        900,963  

Sumber Alfaria Trijaya Tbk. PT

     11,811,300        2,167,826  

United Tractors Tbk. PT

     762,800        1,163,084  
     

 

 

 
Total Indonesia

 

     40,587,264  
Malaysia – 1.0%

 

Genting Malaysia Bhd.

     2,857,900        1,642,402  

Hong Leong Bank Bhd.

     792,408        3,244,637  

MR DIY Group M Bhd.(b)

     3,228,500        1,016,367  

Nestle Malaysia Bhd.

     66,000        1,648,257  

Press Metal Aluminium Holdings Bhd.

     4,150,100        4,077,322  

QL Resources Bhd.

     1,241,225        1,547,270  

Sunway Bhd.

     2,089,300        1,545,014  

YTL Corp. Bhd.

     5,137,300        2,854,658  

YTL Power International Bhd.

     2,705,500        2,212,188  
     

 

 

 
Total Malaysia

 

     19,788,115  
Mexico – 3.0%

 

Alfa SAB de CV, Class A(a)

     1,854,683        1,380,266  

America Movil SAB de CV(a)

     6,098,307        5,716,102  

Arca Continental SAB de CV(a)

     157,800        1,722,611  

Banco del Bajio SA(b)

     279,508        1,089,664  

Cemex SAB de CV, Series CPO*(a)

     4,580,073        4,042,274  

Coca-Cola Femsa SAB de CV

     213,495        2,059,971  

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2024

 

 

 

Investments    Shares      Value  

Corp. Inmobiliaria Vesta SAB de CV(a)

     430,494      $ 1,680,097  

Fibra Uno Administracion SA de CV

     1,031,825        1,713,940  

Fomento Economico Mexicano SAB de CV

     569,080        7,382,881  

Gruma SAB de CV, Class B(a)

     61,320        1,146,143  

Grupo Aeroportuario del Centro Norte SAB de CV(a)

     111,213        1,093,346  

Grupo Aeroportuario del Pacifico SAB de CV, Class B(a)

     143,609        2,306,919  

Grupo Aeroportuario del Sureste SAB de CV, Class B

     60,539        1,909,801  

Grupo Bimbo SAB de CV, Series A(a)

     498,635        2,354,017  

Grupo Carso SAB de CV, Series A1(a)

     198,400        1,767,985  

Grupo Financiero Banorte SAB de CV, Class O

     730,428        7,750,423  

Grupo Financiero Inbursa SAB de CV, Class O*(a)

     497,580        1,530,601  

Grupo Mexico SAB de CV, Series B

     983,920        5,808,779  

Grupo Televisa SAB, Series CPO

     87        54  

Industrias Penoles SAB de CV*(a)

     69,345        980,282  

Kimberly-Clark de Mexico SAB de CV, Class A

     604,500        1,403,805  

Wal-Mart de Mexico SAB de CV

     1,434,385        5,781,810  
     

 

 

 
Total Mexico

 

     60,621,771  
Philippines – 0.7%

 

Ayala Corp.

     86,610        986,043  

Ayala Land, Inc.

     1,893,500        1,086,282  

Bank of the Philippine Islands

     864,247        1,815,664  

BDO Unibank, Inc.

     772,838        2,124,050  

International Container Terminal Services, Inc.

     226,690        1,282,352  

JG Summit Holdings, Inc.

     767,540        496,993  

Jollibee Foods Corp.

     237,560        1,067,467  

Metropolitan Bank & Trust Co.

     1,045,760        1,211,977  

SM Investments Corp.

     148,645        2,570,185  

SM Prime Holdings, Inc.

     3,599,800        2,093,987  
     

 

 

 
Total Philippines

 

     14,735,000  
Poland – 1.0%

 

Alior Bank SA*

     42,119        1,034,452  

Asseco Poland SA

     37,817        734,955  

Bank Millennium SA*

     313,781        812,042  

Bank Polska Kasa Opieki SA

     98,210        4,478,588  

Budimex SA

     7,766        1,363,225  

CD Projekt SA(a)

     39,332        1,153,009  

Dino Polska SA*(b)

     29,685        2,886,057  

Grupa Kety SA

     4,920        937,672  

LPP SA

     623        2,390,295  

mBank SA*

     6,352        1,179,048  

Santander Bank Polska SA

     20,996        2,998,491  
     

 

 

 
Total Poland

 

     19,967,834  
Russia – 0.0%

 

Evraz PLC*

     757,034        0  

HeadHunter Group PLC, ADR*

     35,535        0  

LUKOIL PJSC*

     383,480        0  

LUKOIL PJSC, ADR*

     91,105        0  

Magnitogorsk Iron & Steel Works PJSC, GDR*(c)

     101,979        0  

Mobile TeleSystems PJSC, ADR*

     777,676      0  

Novatek PJSC*

     1,138,580        0  

Novolipetsk Steel PJSC*

     948,540        0  

Ozon Holdings PLC, ADR*(a)

     43,104        0  

PhosAgro PJSC*

     43,175        0  

PhosAgro PJSC, GDR*(c)

     835        0  

Polyus PJSC*

     37,593        0  

Severstal PAO, GDR*(c)

     123,722        0  

Sistema AFK PAO*

     4,256,200        0  

Surgutneftegas PJSC*

     7,201,040        0  

VK IPJSC, GDR*(c)

     167,707        0  

X5 Retail Group NV, GDR*(c)

     166,238        0  

Yandex NV, Class A*

     402,553        0  
     

 

 

 
Total Russia

 

     0  
Saudi Arabia – 4.6%

 

Abdullah Al Othaim Markets Co.

     360,197        1,277,328  

Advanced Petrochemical Co.

     109,287        1,188,884  

Al Hammadi Holding

     72,459        1,120,550  

Al Rajhi Bank

     1,486,327        32,615,574  

Aldrees Petroleum & Transport Services Co.

     28,466        1,252,337  

Alinma Bank

     745,502        8,457,835  

Arab National Bank

     81,114        631,523  

Arabian Contracting Services Co.

     14,089        858,751  

Astra Industrial Group

     25,877        1,317,826  

Bank Al-Jazira*

     308,198        1,623,781  

Bank AlBilad

     372,268        4,744,546  

Bupa Arabia for Cooperative Insurance Co.

     18,610        1,275,235  

Dallah Healthcare Co.

     23,813        1,062,871  

Dar Al Arkan Real Estate Development Co.*

     401,655        1,465,042  

Dr. Sulaiman Al Habib Medical Services Group Co.

     62,084        5,065,379  

Etihad Etisalat Co.

     282,629        3,948,743  

Jarir Marketing Co.

     419,154        1,620,513  

Leejam Sports Co. JSC

     18,099        1,052,980  

Middle East Healthcare Co.*

     31,415        829,245  

Mobile Telecommunications Co. Saudi Arabia

     410,273        1,380,521  

Mouwasat Medical Services Co.

     70,407        2,586,878  

Nahdi Medical Co.

     27,214        1,066,647  

National Industrialization Co.*

     303,521        1,126,520  

National Medical Care Co.

     17,360        860,015  

Riyadh Cables Group Co.

     27,903        733,565  

Sahara International Petrochemical Co.

     268,877        2,247,512  

Saudi Awwal Bank

     249,023        2,655,891  

Saudi Research & Media Group*

     30,791        2,127,990  

Saudia Dairy & Foodstuff Co.

     10,947        1,079,960  

Savola Group

     199,569        2,995,796  

Seera Group Holding*

     120,309        882,148  
     

 

 

 
Total Saudi Arabia

 

     91,152,386  
South Africa – 2.2%

 

Absa Group Ltd.

     301,280        2,356,782  

Anglo American Platinum Ltd.(a)

     19,715        800,094  

Aspen Pharmacare Holdings Ltd.

     135,983        1,575,388  

Capitec Bank Holdings Ltd.

     33,913        3,753,358  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2024

 

 

 

Investments    Shares      Value  

Clicks Group Ltd.

     73,044      $ 1,142,204  

Discovery Ltd.

     175,958        1,120,909  

Exxaro Resources Ltd.

     95,517        852,358  

FirstRand Ltd.(a)

     1,873,170        6,106,319  

Gold Fields Ltd.

     265,415        4,259,535  

Harmony Gold Mining Co. Ltd.

     163,191        1,361,717  

Impala Platinum Holdings Ltd.

     246,670        1,020,093  

Investec Ltd.

     160,488        1,058,803  

Momentum Metropolitan Holdings

     746,725        801,291  

Mr. Price Group Ltd.

     79,021        725,309  

MultiChoice Group*

     102,399        614,299  

Nedbank Group Ltd.

     201,579        2,434,224  

Old Mutual Ltd.

     1,791,296        1,111,505  

Sanlam Ltd.

     640,320        2,346,389  

Shoprite Holdings Ltd.(a)

     168,561        2,202,587  

Sibanye Stillwater Ltd.

     646,148        740,112  

Standard Bank Group Ltd.

     502,898        4,919,497  

Vodacom Group Ltd.

     188,609        981,579  

Woolworths Holdings Ltd.

     342,924        1,072,257  
     

 

 

 
Total South Africa

 

     43,356,609  
South Korea – 12.8%

 

Alteogen, Inc.*

     15,440        2,263,960  

Amorepacific Corp.

     10,635        959,026  

Celltrion, Inc.

     50,207        7,130,606  

CosmoAM&T Co. Ltd.*

     7,237        860,108  

Coway Co. Ltd.

     28,024        1,165,715  

DB Insurance Co. Ltd.

     23,653        1,663,836  

Doosan Bobcat, Inc.

     24,641        975,573  

Doosan Enerbility Co. Ltd.*

     160,092        2,047,751  

Ecopro BM Co. Ltd.*

     14,375        2,925,720  

Ecopro Co. Ltd.*

     5,820        2,736,535  

GS Holdings Corp.

     34,350        1,231,114  

Hana Financial Group, Inc.

     83,284        3,569,535  

Hankook Tire & Technology Co. Ltd.

     31,332        1,261,426  

Hanmi Semiconductor Co. Ltd.

     16,079        1,596,852  

Hanwha Aerospace Co. Ltd.

     10,074        1,530,275  

Hanwha Solutions Corp.

     46,119        971,197  

HD Hyundai Co. Ltd.

     22,291        1,190,509  

HD Korea Shipbuilding & Offshore Engineering Co. Ltd.*

     19,617        1,725,276  

HLB, Inc.*

     34,180        2,670,927  

HYBE Co. Ltd.

     7,931        1,354,971  

Hyundai Glovis Co. Ltd.

     8,433        1,090,574  

Hyundai Motor Co.

     40,570        7,021,586  

Hyundai Steel Co.

     56,689        1,339,060  

Kakao Corp.

     99,700        3,976,891  

KakaoBank Corp.

     107,699        2,203,980  

KB Financial Group, Inc.

     96,568        4,985,312  

Korea Investment Holdings Co. Ltd.

     25,230        1,248,147  

Korea Zinc Co. Ltd.

     4,174        1,401,410  

Korean Air Lines Co. Ltd.

     77,804        1,254,111  

Krafton, Inc.*

     12,277        2,252,493  

KT Corp.

     50,158        1,404,610  

KT&G Corp.

     37,246      2,586,816  

Kum Yang Co. Ltd.*

     8,314        713,908  

L&F Co. Ltd.

     8,723        1,128,077  

LG Chem Ltd.

     14,420        4,702,232  

LG Corp.

     37,750        2,453,575  

LG Display Co. Ltd.*

     152,843        1,220,473  

LG Electronics, Inc.

     35,089        2,478,710  

LG Energy Solution Ltd.*

     12,350        3,623,584  

LG H&H Co. Ltd.

     2,541        717,237  

LG Innotek Co. Ltd.

     5,435        794,105  

Meritz Financial Group, Inc.

     38,108        2,312,664  

NAVER Corp.

     49,098        6,834,515  

Posco DX Co. Ltd.

     18,693        678,988  

POSCO Future M Co. Ltd.

     9,594        2,162,881  

POSCO Holdings, Inc.

     21,855        6,850,741  

S-Oil Corp.

     20,275        1,182,238  

Samsung Biologics Co. Ltd.*(b)

     5,836        3,602,389  

Samsung Electro-Mechanics Co. Ltd.

     20,686        2,284,871  

Samsung Electronics Co. Ltd.

     1,514,991        92,728,140  

Samsung Engineering Co. Ltd.*

     62,332        1,157,512  

Samsung Fire & Marine Insurance Co. Ltd.

     11,072        2,516,644  

Samsung Heavy Industries Co. Ltd.*

     295,214        1,877,090  

Samsung Life Insurance Co. Ltd.

     27,655        1,896,049  

Samsung SDI Co. Ltd.

     15,220        5,324,880  

Samsung SDS Co. Ltd.

     14,395        1,748,251  

Shinhan Financial Group Co. Ltd.

     131,795        4,503,302  

SK Biopharmaceuticals Co. Ltd.*

     13,702        933,314  

SK Hynix, Inc.

     151,853        20,641,856  

SK Innovation Co. Ltd.*

     19,136        1,648,859  

SK, Inc.

     12,197        1,618,113  

Woori Financial Group, Inc.

     218,737        2,326,695  

Yuhan Corp.

     20,480        1,166,809  
     

 

 

 
Total South Korea

 

     254,424,604  
Taiwan – 18.5%

 

Accton Technology Corp.

     167,000        2,416,017  

Acer, Inc.(a)

     1,019,000        1,490,125  

Advantech Co. Ltd.

     174,072        2,197,419  

ASE Technology Holding Co. Ltd.

     933,062        4,693,955  

Asia Cement Corp.

     994,000        1,282,741  

Asia Vital Components Co. Ltd.(a)

     88,000        1,501,336  

ASMedia Technology, Inc.

     11,000        823,191  

Asustek Computer, Inc.(a)

     214,000        2,871,967  

AUO Corp.(a)

     2,887,200        1,614,851  

Cathay Financial Holding Co. Ltd.

     2,876,425        4,372,587  

Cheng Shin Rubber Industry Co. Ltd.(a)

     860,000        1,343,603  

Chicony Electronics Co. Ltd.

     170,000        1,179,246  

China Development Financial Holding Corp.*(a)

     6,650,000        2,898,667  

Chroma ATE, Inc.

     114,000        908,338  

Compal Electronics, Inc.

     1,388,000        1,570,003  

Compeq Manufacturing Co. Ltd.

     433,000        1,087,794  

CTBC Financial Holding Co. Ltd.

     5,919,672        6,113,243  

Delta Electronics, Inc.

     565,500        6,025,450  

E.Sun Financial Holding Co. Ltd.

     4,415,895        3,759,999  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2024

 

 

 

Investments    Shares      Value  

Eclat Textile Co. Ltd.

     80,000      $ 1,382,349  

Elite Material Co. Ltd.

     97,000        1,222,976  

Eva Airways Corp.

     1,006,000        1,004,318  

Far Eastern International Bank

     1,246,715        560,960  

Far Eastern New Century Corp.

     1,416,080        1,471,235  

Far EasTone Telecommunications Co. Ltd.

     648,000        1,650,194  

Faraday Technology Corp.(a)

     74,780        803,797  

Feng TAY Enterprise Co. Ltd.

     210,320        1,054,771  

First Financial Holding Co. Ltd.

     2,241,000        1,939,653  

Formosa Petrochemical Corp.

     604,000        1,311,669  

Formosa Plastics Corp.

     1,597,000        3,438,165  

Fortune Electric Co. Ltd.

     57,000        1,216,461  

Fubon Financial Holding Co. Ltd.(a)

     2,719,023        5,921,724  

Giant Manufacturing Co. Ltd.

     146,853        998,032  

Gigabyte Technology Co. Ltd.(a)

     149,000        1,471,214  

Global Unichip Corp.(a)

     28,000        1,089,256  

Gold Circuit Electronics Ltd.

     110,000        843,814  

Great Wall Enterprise Co. Ltd.

     592        1,067  

Hiwin Technologies Corp.

     110,752        953,401  

Hon Hai Precision Industry Co. Ltd.

     3,429,068        16,071,998  

Hotai Motor Co. Ltd.

     128,880        2,589,399  

Innolux Corp.

     3,333,326        1,567,533  

Inventec Corp.

     979,000        1,826,247  

Jentech Precision Industrial Co. Ltd.

     31,000        892,121  

King Slide Works Co. Ltd.

     20,000        781,165  

King Yuan Electronics Co. Ltd.

     271,000        893,355  

Largan Precision Co. Ltd.

     32,000        2,444,733  

Lien Hwa Industrial Holdings Corp.

     482,382        1,023,442  

Lite-On Technology Corp., ADR(a)

     704,000        2,221,757  

Lotes Co. Ltd.

     27,271        1,192,976  

Makalot Industrial Co. Ltd.

     73,000        847,392  

MediaTek, Inc.

     432,000        16,130,736  

Micro-Star International Co. Ltd.

     301,000        1,594,185  

momo.com, Inc.

     320        3,870  

Nan Ya Plastics Corp.

     1,904,000        3,331,636  

Nanya Technology Corp.

     410,000        867,311  

Novatek Microelectronics Corp.

     200,000        3,774,587  

Pegatron Corp.

     720,000        2,294,749  

PharmaEssentia Corp.*

     105,000        1,056,447  

Pou Chen Corp.

     1,321,000        1,492,154  

Powerchip Semiconductor Manufacturing Corp.*(a)

     1,494,000        1,204,406  

Powertech Technology, Inc.

     218,000        1,365,757  

President Chain Store Corp.

     167,000        1,390,645  

Qisda Corp.

     686,000        957,080  

Quanta Computer, Inc.(a)

     822,000        7,538,457  

Realtek Semiconductor Corp.

     152,000        2,659,709  

Ruentex Development Co. Ltd.

     624,300        685,680  

Shanghai Commercial & Savings Bank Ltd.(a)

     1,959,159        2,959,843  

Shin Kong Financial Holding Co. Ltd.*(a)

     6,637,000        1,673,585  

SinoPac Financial Holdings Co. Ltd.

     5,459,195        3,693,083  

Synnex Technology International Corp.

     607,000        1,496,471  

TA Chen Stainless Pipe

     532        607  

Taishin Financial Holding Co. Ltd.

     5,718,148        3,216,106  

Taiwan Cement Corp.(a)

     2,336,000      2,346,693  

Taiwan Mobile Co. Ltd.

     514,000        1,654,257  

Taiwan Semiconductor Manufacturing Co. Ltd.

     6,711,000        163,353,039  

Tatung Co. Ltd.*

     621,000        1,096,333  

Tripod Technology Corp.

     161,000        1,028,778  

Uni-President Enterprises Corp.

     1,424,160        3,448,760  

Unimicron Technology Corp.(a)

     460,000        2,745,325  

United Microelectronics Corp.(a)

     3,550,000        5,790,304  

Voltronic Power Technology Corp.

     22,000        1,127,377  

Walsin Lihwa Corp.

     1,155,977        1,356,318  

Wan Hai Lines Ltd.

     673,750        928,410  

Winbond Electronics Corp.

     1,438,904        1,222,935  

Wistron Corp.(a)

     867,000        3,386,348  

Wiwynn Corp.

     28,000        1,986,033  

WPG Holdings Ltd.

     627,000        1,878,835  

WT Microelectronics Co. Ltd.(a)

     163,000        751,246  

Yageo Corp.(a)

     113,847        2,102,382  

Yuanta Financial Holding Co. Ltd.

     4,409,104        4,188,191  
     

 

 

 
Total Taiwan

 

     368,616,374  
Thailand – 1.5%

 

Advanced Info Service PCL, NVDR

     548,500        3,081,672  

Bumrungrad Hospital PCL, NVDR

     231,800        1,423,041  

Central Pattana PCL, NVDR

     1,118,900        1,931,914  

Central Retail Corp. PCL, NVDR(a)

     1,513,583        1,482,990  

CP ALL PCL, NVDR

     2,044,600        3,067,951  

Delta Electronics Thailand PCL, NVDR(a)

     2,052,300        4,190,376  

Energy Absolute PCL, NVDR(a)

     1,020,400        957,827  

Gulf Energy Development PCL, NVDR

     3,046,000        3,652,278  

Home Product Center PCL, NVDR

     3,081,500        895,208  

Indorama Ventures PCL, NVDR(a)

     1,366,500        887,593  

Intouch Holdings PCL, NVDR

     1,122,300        2,122,335  

Minor International PCL, NVDR

     1,709,800        1,558,091  

Tisco Financial Group PCL, NVDR(a)

     790,000        2,154,299  

True Corp. PCL, NVDR*

     7,733,893        1,610,896  
     

 

 

 
Total Thailand               29,016,471  
Turkey – 0.9%      

Akbank TAS

     1,330,097        1,923,280  

BIM Birlesik Magazalar AS

     167,648        1,870,701  

Enka Insaat ve Sanayi AS

     814,656        876,299  

Ford Otomotiv Sanayi AS

     32,073        1,122,238  

Haci Omer Sabanci Holding AS

     632,697        1,613,424  

KOC Holding AS*

     539,879        3,324,181  

Turkcell Iletisim Hizmetleri AS

     669,472        1,400,941  

Turkiye Is Bankasi AS, Class C

     3,801,818        1,338,486  

Turkiye Petrol Rafinerileri AS

     365,714        2,000,846  

Turkiye Sise ve Cam Fabrikalari AS

     720,357        1,029,591  

Yapi ve Kredi Bankasi AS*

     1,152,304        973,788  
     

 

 

 
Total Turkey               17,473,775  
United States – 0.1%      

Legend Biotech Corp., ADR*

     18,216        1,021,735  

TOTAL COMMON STOCKS

(Cost: $1,813,641,944)

 

 

     1,994,063,680  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2024

 

 

 

Investments    Shares      Value  
RIGHTS – 0.0%      
China – 0.0%      

Kangmei Pharmaceutical Co. Ltd., expiring 11/12/24*

     
(Cost: $0)      14,422      $ 0  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7%

 

United States – 0.7%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.34%(d)

 

  
(Cost: $13,742,102)      13,742,102        13,742,102  
TOTAL INVESTMENTS IN SECURITIES – 100.9% (Cost: $1,827,384,046)

 

     2,007,805,782  

Other Assets less Liabilities – (0.9)%

        (17,943,973
     

 

 

 
NET ASSETS – 100.0%             $ 1,989,861,809  
* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $100,971,874 and the total market value of the collateral held by the Fund was $107,596,507. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $93,854,405.

 

(b) 

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

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

        

Investments in Securities

 

Common Stocks

           

Russia

   $      $      $ 0 *     $ 0  

Other

     1,994,063,680                      1,994,063,680  

Rights

                   0 *       0  

Investment of Cash Collateral for Securities Loaned

            13,742,102               13,742,102  

Total Investments in Securities

   $ 1,994,063,680      $ 13,742,102      $ 0      $ 2,007,805,782  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

Brazil – 13.6%

 

Alupar Investimento SA

     388,789      $ 2,373,644  

Ambev SA

     8,085,009        20,173,959  

Auren Energia SA

     1,702,846        4,048,280  

Banco Bradesco SA

     2,017,113        5,133,905  

Banco do Brasil SA

     2,740,013        30,993,504  

BB Seguridade Participacoes SA

     1,582,522        10,281,311  

Blau Farmaceutica SA

     173,182        430,745  

Cia de Saneamento de Minas Gerais Copasa MG

     923,177        4,016,900  

Cia de Sanena do Parana

     1,000,758        5,204,170  

CPFL Energia SA

     842,481        5,858,849  

CSN Mineracao SA

     2,933,014        3,105,548  

Dexco SA

     697,648        1,070,399  

Engie Brasil Energia SA

     1,090,625        8,771,976  

Grendene SA

     1,110,231        1,466,098  

Kepler Weber SA

     478,253        1,009,906  

Klabin SA

     2,343,513        11,826,301  

Lojas Renner SA

     1,921,259        6,517,361  

Mahle Metal Leve SA

     225,367        1,556,460  

Neoenergia SA

     653,186        2,655,519  

Petroleo Brasileiro SA

     20,501,467        156,785,200  

Sao Martinho SA

     329,252        2,041,072  

Telefonica Brasil SA

     690,976        6,984,924  

TIM SA

     2,168,609        7,711,688  

Vale SA

     6,756,442        82,107,734  
     

 

 

 
Total Brazil

 

     382,125,453  
Chile – 2.0%

 

Aguas Andinas SA, Class A

     7,364,550        2,147,384  

Banco de Chile

     85,920,624        9,548,196  

Banco de Credito & Inversiones SA*

     80,776        2,306,709  

Banco Santander Chile

     60,884,203        3,029,158  

Cencosud Shopping SA

     1,409,536        2,155,583  

Cia Sud Americana de Vapores SA

     56,036,003        4,210,484  

Colbun SA

     31,620,574        4,092,605  

Empresa Nacional de Telecomunicaciones SA

     350,838        1,166,384  

Empresas CMPC SA

     4,156,245        8,436,646  

Empresas Copec SA

     816,375        5,858,657  

Enel Chile SA

     116,438,739        6,992,141  

Quinenco SA

     1,241,874        4,368,115  

SMU SA

     9,145,050        1,584,545  
     

 

 

 
Total Chile

 

     55,896,607  
China – 21.1%

 

Agricultural Bank of China Ltd., Class A

     8,578,100        4,997,709  

Agricultural Bank of China Ltd., Class H

     32,538,000        13,719,554  

Anhui Conch Cement Co. Ltd., Class A

     1,083,000        3,323,404  

Anhui Conch Cement Co. Ltd., Class H

     2,142,000        4,455,629  

Anhui Expressway Co. Ltd., Class H

     1,326,000        1,468,919  

BAIC Motor Corp. Ltd., Class H(a)

     6,778,500        1,853,457  

Bank of Beijing Co. Ltd., Class A

     1,897,649        1,479,353  

Bank of Chengdu Co. Ltd., Class A

     308,000        576,938  

Bank of China Ltd., Class A

     5,866,400      3,555,198  

Bank of China Ltd., Class H

     97,359,000        40,180,359  

Bank of Chongqing Co. Ltd., Class H

     2,059,500        1,134,160  

Bank of Communications Co. Ltd., Class A

     4,529,400        3,955,209  

Bank of Communications Co. Ltd., Class H

     28,423,000        18,666,729  

Bank of Guiyang Co. Ltd., Class A

     1,007,700        748,100  

Bank of Jiangsu Co. Ltd., Class A

     2,370,770        2,579,621  

Bank of Nanjing Co. Ltd., Class A

     1,772,400        2,187,304  

Bank of Shanghai Co. Ltd., Class A

     2,524,202        2,336,323  

Beijing Jingneng Clean Energy Co. Ltd., Class H

     6,352,000        1,412,196  

Blue Moon Group Holdings Ltd.(a)

     2,389,500        610,622  

Bros Eastern Co. Ltd., Class A

     160,400        121,508  

Canmax Technologies Co. Ltd., Class A

     225,800        616,717  

China Cinda Asset Management Co. Ltd., Class H

     14,851,000        1,233,401  

China CITIC Bank Corp. Ltd., Class H

     20,280,000        10,805,359  

China Coal Energy Co. Ltd., Class H

     4,647,000        4,524,419  

China Communications Services Corp. Ltd., Class H

     3,598,000        1,677,989  

China Construction Bank Corp., Class A

     1,363,500        1,290,183  

China Construction Bank Corp., Class H

     113,796,054        68,628,481  

China East Education Holdings Ltd.(a)

     1,086,500        333,178  

China Everbright Bank Co. Ltd., Class A

     3,063,900        1,316,645  

China Everbright Bank Co. Ltd., Class H

     9,048,000        2,601,179  

China Feihe Ltd.(a)

     7,640,000        3,592,331  

China Galaxy Securities Co. Ltd., Class H

     3,140,000        1,540,622  

China Life Insurance Co. Ltd., Class H

     3,854,000        4,623,943  

China Medical System Holdings Ltd.

     1,763,000        1,851,652  

China Merchants Bank Co. Ltd., Class H

     2,657,500        10,509,187  

China Minsheng Banking Corp. Ltd., Class A

     926,800        516,988  

China Minsheng Banking Corp. Ltd., Class H(b)

     11,486,000        3,977,162  

China Nonferrous Mining Corp. Ltd.

     1,586,000        1,325,306  

China Pacific Insurance Group Co. Ltd., Class H

     1,600,400        2,801,459  

China Petroleum & Chemical Corp., Class A

     7,934,300        6,983,111  

China Railway Group Ltd., Class H

     7,551,000        3,733,796  

China Railway Signal & Communication Corp. Ltd., Class H(a)(b)

     3,296,000        1,254,985  

China Shenhua Energy Co. Ltd., Class A

     1,712,600        9,220,640  

China Shenhua Energy Co. Ltd., Class H

     16,591,000        65,185,780  

China Suntien Green Energy Corp. Ltd., Class H

     3,134,000        1,185,293  

China Zheshang Bank Co. Ltd., Class A

     450,000        185,320  

Chongqing Rural Commercial Bank Co. Ltd., Class A

     1,538,800        987,660  

Chongqing Rural Commercial Bank Co. Ltd., Class H

     5,468,000        2,263,647  

Daqin Railway Co. Ltd., Class A

     2,208,800        2,239,101  

Easyhome New Retail Group Co. Ltd., Class A

     519,500        204,640  

Fufeng Group Ltd.(b)

     7,142,000        4,626,611  

Gree Electric Appliances, Inc. of Zhuhai, Class A

     1,315,400        7,121,973  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Greentown Management Holdings Co. Ltd.(a)

     1,056,000      $ 868,930  

Guangdong Guanhao High-Tech Co. Ltd., Class A

     256,500        102,453  

Guanghui Energy Co. Ltd., Class A

     2,426,600        2,486,627  

Guangzhou Automobile Group Co. Ltd., Class H

     6,800,000        2,789,004  

Guizhou Panjiang Refined Coal Co. Ltd., Class A

     399,800        335,902  

Guotai Junan Securities Co. Ltd., Class H(a)(b)

     667,400        731,659  

Hailir Pesticides & Chemicals Group Co. Ltd., Class A

     51,100        103,250  

Haitong Securities Co. Ltd., Class H

     970,800        463,913  

Hebei Yangyuan Zhihui Beverage Co. Ltd., Class A

     37,300        130,697  

Henan Shenhuo Coal Industry & Electricity Power Co. Ltd., Class A

     502,700        1,377,848  

Henan Shuanghui Investment & Development Co. Ltd., Class A

     568,100        2,053,967  

Hengan International Group Co. Ltd.

     1,311,000        4,129,094  

HLA Group Corp. Ltd., Class A

     116,100        143,918  

Hoyuan Green Energy Co. Ltd., Class A

     98,900        328,286  

Huabao Flavours & Fragrances Co. Ltd., Class A

     41,400        103,038  

Huadian Power International Corp. Ltd., Class H(b)

     3,458,000        1,851,289  

Huaibei Mining Holdings Co. Ltd., Class A

     506,100        1,158,529  

Huatai Securities Co. Ltd., Class H(a)

     1,064,200        1,215,615  

Huaxia Bank Co. Ltd., Class A

     1,287,400        1,149,021  

Industrial & Commercial Bank of China Ltd., Class A

     5,739,000        4,173,588  

Industrial & Commercial Bank of China Ltd., Class H

     76,139,823        38,330,393  

Industrial Bank Co. Ltd., Class A

     2,503,200        5,440,540  

Inner Mongolia ERDOS Resources Co. Ltd., Class A

     159,400        240,843  

Jiangsu Asia-Pacific Light Alloy Technology Co. Ltd., Class A

     153,600        125,666  

Jiangsu Dingsheng New Energy Materials Co. Ltd., Class A

     62,500        78,164  

Jiangsu Expressway Co. Ltd., Class H

     4,573,727        4,680,992  

Jiangzhong Pharmaceutical Co. Ltd., Class A

     86,900        295,635  

Jinneng Holding Shanxi Coal Industry Co. Ltd., Class A

     80,900        171,485  

Keda Industrial Group Co. Ltd., Class A

     377,900        548,081  

Livzon Pharmaceutical Group, Inc., Class H(b)

     278,900        949,688  

Luxi Chemical Group Co. Ltd., Class A

     313,300        409,943  

Metallurgical Corp. of China Ltd., Class H

     3,941,000        840,927  

Nanjing Iron & Steel Co. Ltd., Class A

     2,052,000        1,331,183  

NetDragon Websoft Holdings Ltd.

     675,500        945,956  

New China Life Insurance Co. Ltd., Class H

     840,400        1,488,279  

PetroChina Co. Ltd., Class A

     4,774,600        6,497,307  

PetroChina Co. Ltd., Class H

     80,006,000        68,388,623  

PICC Property & Casualty Co. Ltd., Class H

     6,590,000        8,689,610  

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

     4,632,500        19,562,397  

Pingdingshan Tianan Coal Mining Co. Ltd., Class A

     591,900      1,000,305  

Postal Savings Bank of China Co. Ltd., Class H(a)(b)

     5,307,000        2,773,368  

Powerlong Commercial Management Holdings Ltd.(c)

     585,000        183,129  

Rongan Property Co. Ltd., Class A

     363,900        113,274  

Shaanxi Beiyuan Chemical Industry Group Co. Ltd., Class A

     175,900        108,538  

Shaanxi Coal Industry Co. Ltd., Class A

     3,310,000        11,438,474  

Shan Xi Hua Yang Group New Energy Co. Ltd., Class A

     108,800        140,563  

Shandong Buchang Pharmaceuticals Co. Ltd., Class A

     147,600        340,315  

Shanghai Kehua Bio-Engineering Co. Ltd., Class A

     102,000        111,969  

Shanghai Pharmaceuticals Holding Co. Ltd., Class H

     1,340,400        1,935,299  

Shanghai Rural Commercial Bank Co. Ltd., Class A

     235,700        219,780  

Shanghai Tunnel Engineering Co. Ltd., Class A

     628,500        528,049  

Shanxi Coking Coal Energy Group Co. Ltd., Class A

     1,228,300        1,745,917  

Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A

     1,151,600        3,281,721  

Shenzhen Aisidi Co. Ltd., Class A

     238,700        402,743  

Shenzhen Expressway Corp. Ltd., Class H

     1,602,000        1,400,083  

Shenzhen Heungkong Holding Co. Ltd., Class A

     614,400        131,166  

Shenzhen Jinjia Group Co. Ltd., Class A

     150,800        93,881  

Sichuan Road & Bridge Group Co. Ltd., Class A

     1,302,800        1,360,149  

Sinopec Engineering Group Co. Ltd., Class H

     3,584,500        2,065,572  

Sinotrans Ltd., Class H

     5,874,000        2,867,032  

Sunac Services Holdings Ltd.(a)(b)

     4,116,000        978,191  

TangShan Port Group Co. Ltd., Class A

     2,763,200        1,556,593  

TBEA Co. Ltd., Class A

     1,988,900        4,196,731  

Tian Lun Gas Holdings Ltd.

     439,000        282,703  

Tianqi Lithium Corp., Class A

     317,300        2,096,425  

Tianqi Lithium Corp., Class H(b)

     346,800        1,612,930  

Tingyi Cayman Islands Holding Corp.

     2,406,000        2,637,656  

Tongwei Co. Ltd., Class A

     1,291,500        4,423,944  

Uni-President China Holdings Ltd.(b)

     2,135,000        1,519,456  

Western Mining Co. Ltd., Class A

     1,450,700        3,854,333  

XCMG Construction Machinery Co. Ltd., Class A

     1,427,400        1,250,381  

Xiamen C & D, Inc., Class A

     654,800        925,328  

Xiamen ITG Group Corp. Ltd., Class A

     471,600        471,574  

Xiamen Xiangyu Co. Ltd., Class A

     526,100        479,696  

Yangtze Optical Fibre & Cable Joint Stock Co. Ltd., Class H(a)(b)

     365,500        415,168  

YongXing Special Materials Technology Co. Ltd., Class A

     190,260        1,250,773  

Yunnan Yuntianhua Co. Ltd., Class A

     365,500        955,483  

Zangge Mining Co. Ltd., Class A

     462,400        2,008,081  

Zhejiang Expressway Co. Ltd., Class H

     4,001,400        2,566,557  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Zhejiang Jiahua Energy Chemical Industry Co. Ltd., Class A

     219,000      $ 239,198  

Zhejiang Meida Industrial Co. Ltd., Class A

     92,900        118,486  

Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A

     391,700        435,918  

Zhende Medical Co. Ltd., Class A

     34,200        95,058  

Zhengzhou Coal Mining Machinery Group Co. Ltd., Class H

     686,000        823,924  

Zoomlion Heavy Industry Science & Technology Co. Ltd., Class H

     4,027,000        2,495,506  
     

 

 

 
Total China

 

     592,964,810  
Czech Republic – 1.2%

 

CEZ AS(b)

     748,249        26,749,431  

Komercni Banka AS

     72,392        2,597,244  

Moneta Money Bank AS(a)

     896,266        3,904,631  
     

 

 

 
Total Czech Republic

 

     33,251,306  
Hungary – 0.4%

 

Magyar Telekom Telecommunications PLC

     768,438        1,889,230  

MOL Hungarian Oil & Gas PLC

     1,102,880        8,947,535  
     

 

 

 
Total Hungary

 

     10,836,765  
India – 6.8%

 

Castrol India Ltd.

     957,558        2,134,923  

CESC Ltd.

     965,481        1,408,240  

Coal India Ltd.

     8,577,084        44,642,693  

Hindustan Zinc Ltd.

     1,359,757        4,765,528  

Indian Oil Corp. Ltd.

     8,974,628        18,050,944  

Mindspace Business Parks REIT(a)

     379,142        1,570,119  

National Aluminium Co. Ltd.

     1,972,572        3,607,996  

NMDC Ltd.

     2,468,757        5,971,904  

Oil & Natural Gas Corp. Ltd.

     10,812,767        34,751,503  

Oil India Ltd.

     1,037,216        7,464,871  

Oracle Financial Services Software Ltd.

     69,505        7,312,057  

Petronet LNG Ltd.

     1,002,284        3,162,988  

Power Grid Corp. of India Ltd.

     11,817,143        39,233,439  

Redington Ltd.

     952,153        2,379,740  

Vedanta Ltd.

     4,191,459        13,651,987  
     

 

 

 
Total India

 

     190,108,932  
Indonesia – 3.4%

 

ABM Investama Tbk. PT

     1,535,100        368,889  

Adaro Energy Indonesia Tbk. PT

     53,721,800        9,148,462  

AKR Corporindo Tbk. PT

     14,773,700        1,602,697  

Astra Agro Lestari Tbk. PT

     149,100        64,887  

Astra International Tbk. PT

     95,613,500        31,057,050  

Bank BTPN Syariah Tbk. PT

     5,398,500        461,367  

Bank CIMB Niaga Tbk. PT

     2,590,800        356,225  

Bank Rakyat Indonesia Persero Tbk. PT

     80,819,900        30,839,508  

Bukit Asam Tbk. PT

     17,554,500        3,288,355  

Dharma Satya Nusantara Tbk. PT

     6,544,000        268,281  

Erajaya Swasembada Tbk. PT

     16,818,500        456,131  

Gudang Garam Tbk. PT

     1,275,800        1,601,288  

Hanjaya Mandala Sampoerna Tbk. PT

     2,753,400        149,349  

Impack Pratama Industri Tbk. PT

     21,047,700        509,764  

Indo Tambangraya Megah Tbk. PT

     1,533,500      2,582,431  

Perusahaan Gas Negara Tbk. PT

     25,336,600        2,173,306  

Selamat Sempurna Tbk. PT

     3,240,100        402,586  

Surya Esa Perkasa Tbk. PT*

     18,381,200        782,549  

United Tractors Tbk. PT

     5,782,500        8,816,899  
     

 

 

 
Total Indonesia

 

     94,930,024  
Malaysia – 2.5%

 

Alliance Bank Malaysia Bhd.

     1,467,900        1,144,422  

AMMB Holdings Bhd.

     1,515,900        1,341,986  

Astro Malaysia Holdings Bhd.

     3,009,300        193,923  

Bermaz Auto Bhd.

     2,018,100        1,019,070  

British American Tobacco Malaysia Bhd.

     198,200        339,197  

CIMB Group Holdings Bhd.

     8,694,200        12,197,230  

Gas Malaysia Bhd.

     1,198,600        878,754  

HAP Seng Consolidated Bhd.

     1,296,800        1,224,740  

Heineken Malaysia Bhd.

     357,100        1,759,470  

Kuala Lumpur Kepong Bhd.

     764,100        3,622,735  

Malayan Banking Bhd.

     10,404,083        21,300,563  

Malaysia Building Society Bhd.*

     3,867,800        653,759  

MISC Bhd.

     3,297,000        5,342,910  

Petronas Gas Bhd.

     1,964,400        7,313,063  

RHB Bank Bhd.

     3,388,145        4,058,902  

Sime Darby Bhd.

     2,886,500        1,585,654  

TIME dotCom Bhd.

     2,949,200        3,227,732  

United Plantations Bhd.

     717,000        3,632,719  
     

 

 

 
Total Malaysia

 

     70,836,829  
Mexico – 4.7%

 

Banco del Bajio SA(a)

     853,409        3,327,020  

Bolsa Mexicana de Valores SAB de CV

     584,100        1,300,909  

Fibra Uno Administracion SA de CV

     11,665,503        19,377,294  

Grupo Aeroportuario del Centro Norte SAB de CV(b)

     914,509        8,990,625  

Grupo Financiero Banorte SAB de CV, Class O

     4,758,144        50,487,696  

Grupo Mexico SAB de CV, Series B(b)

     4,569,560        26,977,359  

Kimberly-Clark de Mexico SAB de CV, Class A(b)

     3,299,930        7,663,290  

Megacable Holdings SAB de CV, Series CPO

     852,280        2,369,930  

Orbia Advance Corp. SAB de CV(b)

     2,691,276        5,623,236  

Promotora y Operadora de Infraestructura SAB de CV

     468,420        4,960,164  
     

 

 

 
Total Mexico

 

     131,077,523  
Philippines – 0.5%

 

Aboitiz Power Corp.

     3,943,100        2,490,084  

Globe Telecom, Inc.

     62,320        1,961,115  

Manila Electric Co.

     506,130        3,214,238  

PLDT, Inc.

     172,744        4,209,895  

Semirara Mining & Power Corp.

     2,712,000        1,683,693  
     

 

 

 
Total Philippines

 

     13,559,025  
Poland – 2.1%

 

Bank Handlowy w Warszawie SA

     71,154        1,937,765  

Bank Polska Kasa Opieki SA

     173,107        7,894,053  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Orange Polska SA

     964,727      $ 1,960,057  

ORLEN SA

     2,440,121        39,822,726  

Powszechny Zaklad Ubezpieczen SA

     635,863        7,782,960  
     

 

 

 
Total Poland

 

     59,397,561  
Russia – 0.0%

 

Evraz PLC*

     2,288,532        0  

Magnit PJSC*

     200,620        0  

Magnitogorsk Iron & Steel Works PJSC, GDR*(c)

     298,929        0  

MMC Norilsk Nickel PJSC*

     148,519        0  

MMC Norilsk Nickel PJSC, ADR*

     13        0  

Mobile TeleSystems PJSC, ADR*

     1,549,581        0  

Novolipetsk Steel PJSC*

     5,213,400        0  

PhosAgro PJSC*

     95,795        0  

PhosAgro PJSC, GDR*(c)

     1,853        0  

Polyus PJSC*

     35,478        0  

Polyus PJSC, GDR*(c)

     1        0  

Sberbank of Russia PJSC*

     9,700,476        0  

Severstal PAO, GDR*(c)

     775,843        0  

Tatneft PJSC*

     1,371,750        0  

Tatneft PJSC, ADR*

     3,217        0  
     

 

 

 
Total Russia

 

     0  
Saudi Arabia – 3.2%

 

AlSaif Stores for Development & Investment Co.

     283,170        857,702  

Arabian Cement Co.

     119,708        1,013,393  

Arabian Centres Co. Ltd.

     315,803        2,096,652  

Banque Saudi Fransi

     457,127        4,643,791  

Hail Cement Co.

     303,630        914,816  

Jarir Marketing Co.

     1,050,159        4,060,074  

Riyad Bank

     953,243        7,472,429  

SABIC Agri-Nutrients Co.

     590,557        19,052,765  

Sahara International Petrochemical Co.

     790,788        6,610,106  

Saudi Aramco Base Oil Co.

     166,157        6,849,186  

Saudi Awwal Bank

     263,532        2,810,633  

Saudi Basic Industries Corp.

     1,292,859        26,991,297  

Saudi Cement Co.

     190,945        2,372,494  

Saudi Investment Bank

     420,006        1,847,780  

United Electronics Co.

     60,829        1,540,796  

Yanbu Cement Co.

     143,529        1,134,685  
     

 

 

 
Total Saudi Arabia

 

     90,268,599  
South Africa – 4.8%

 

Absa Group Ltd.

     762,886        5,967,724  

AECI Ltd.

     173,254        850,247  

Anglo American Platinum Ltd.(b)

     106,368        4,316,734  

AVI Ltd.

     902,377        4,353,140  

Barloworld Ltd.

     365,888        1,179,034  

FirstRand Ltd.(b)

     4,440,859        14,476,690  

Hyprop Investments Ltd.

     790,846        1,226,597  

Investec Ltd.

     250,539        1,652,906  

Kumba Iron Ore Ltd.(b)

     147,339        3,596,826  

Momentum Metropolitan Holdings

     1,299,684        1,394,657  

Motus Holdings Ltd.(b)

     441,684        2,040,452  

Mr. Price Group Ltd.

     510,876      4,689,173  

Nedbank Group Ltd.

     629,108        7,596,970  

Northam Platinum Holdings Ltd.

     759,621        4,530,147  

Old Mutual Ltd.

     5,371,385        3,332,961  

Omnia Holdings Ltd.

     371,578        1,158,321  

Redefine Properties Ltd.

     26,815,831        5,593,638  

Resilient REIT Ltd.

     420,094        1,029,146  

Reunert Ltd.

     324,563        1,131,225  

Sanlam Ltd.(b)

     2,134,947        7,823,300  

Sappi Ltd.

     1,102,980        2,929,242  

Sasol Ltd.(b)

     1,210,950        9,361,461  

Standard Bank Group Ltd.

     2,098,753        20,530,623  

Sun International Ltd.(b)

     688,529        1,310,791  

Thungela Resources Ltd.

     457,264        2,943,103  

Tiger Brands Ltd.

     228,334        2,418,722  

Truworths International Ltd.(b)

     1,658,691        6,686,006  

Vodacom Group Ltd.

     950,896        4,948,752  

Woolworths Holdings Ltd.(b)

     2,106,088        6,585,331  
     

 

 

 
Total South Africa

 

     135,653,919  
South Korea – 4.2%

 

BNK Financial Group, Inc.

     422,976        2,441,243  

Cheil Worldwide, Inc.

     222,133        3,098,724  

DB Insurance Co. Ltd.

     57,483        4,043,558  

DGB Financial Group, Inc.

     242,361        1,539,229  

GS Holdings Corp.

     144,930        5,194,334  

Hana Financial Group, Inc.

     384,418        16,476,077  

HD Hyundai Co. Ltd.

     101,925        5,443,571  

Hite Jinro Co. Ltd.

     103,131        1,562,765  

Hyundai Marine & Fire Insurance Co. Ltd.

     58,184        1,318,189  

Industrial Bank of Korea

     452,448        4,537,083  

JB Financial Group Co. Ltd.

     222,323        2,179,880  

KB Financial Group, Inc.

     250,532        12,933,685  

KCC Glass Corp.

     5,260        158,630  

Korean Reinsurance Co.

     201,117        1,239,941  

KT Corp.

     144,761        4,053,846  

KT&G Corp.

     230,519        16,010,048  

Lotte Corp.

     98,070        1,977,790  

LOTTE Fine Chemical Co. Ltd.

     39,608        1,378,373  

LX Semicon Co. Ltd.

     17,346        1,023,044  

Samsung Fire & Marine Insurance Co. Ltd.

     29,855        6,785,983  

Samsung Securities Co. Ltd.

     86,812        2,585,821  

SeAH Besteel Holdings Corp.

     23,747        402,178  

Shinhan Financial Group Co. Ltd.

     332,240        11,352,305  

SK Discovery Co. Ltd.

     25,243        828,777  

Woori Financial Group, Inc.

     898,944        9,562,026  
     

 

 

 
Total South Korea

 

     118,127,100  
Taiwan – 25.6%

 

Acer, Inc.(b)

     3,795,000        5,549,581  

Advanced Power Electronics Corp.(b)

     175,000        475,729  

Alltek Technology Corp.(b)

     608,000        687,725  

AMPOC Far-East Co. Ltd.

     171,000        476,076  

Apacer Technology, Inc.

     159,000        347,774  

ASE Technology Holding Co. Ltd.

     12,282,000        61,787,055  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Asia Cement Corp.(b)

     4,423,000      $ 5,707,810  

BenQ Materials Corp.(b)

     419,000        443,830  

BES Engineering Corp.

     3,330,000        1,472,323  

Chang Wah Electromaterials, Inc.

     807,000        1,011,161  

Cheng Uei Precision Industry Co. Ltd.

     604,000        875,704  

Chicony Electronics Co. Ltd.(b)

     1,927,386        13,369,778  

Chicony Power Technology Co. Ltd.*

     435,000        2,317,481  

Chinese Maritime Transport Ltd.(b)

     123,000        169,491  

ChipMOS Technologies, Inc.(b)

     1,398,000        2,184,136  

Chong Hong Construction Co. Ltd.

     350,000        966,769  

Cleanaway Co. Ltd.(b)

     248,000        1,379,349  

Compeq Manufacturing Co. Ltd.(b)

     1,651,000        4,147,684  

Continental Holdings Corp.

     1,136,000        1,084,406  

CTCI Corp.

     1,165,000        1,725,468  

DA CIN Construction Co. Ltd.(b)

     1,056,000        1,884,094  

Darfon Electronics Corp.

     415,000        807,865  

Ennoconn Corp.(b)

     142,000        1,663,881  

Far Eastern Department Stores Ltd.

     1,658,000        1,533,482  

Far Eastern New Century Corp.(b)

     5,592,000        5,809,802  

Farglory Land Development Co. Ltd.

     826,000        1,476,314  

Feng Hsin Steel Co. Ltd.*

     1,177,000        2,611,183  

FLEXium Interconnect, Inc.(b)

     581,000        1,655,669  

Flytech Technology Co. Ltd.

     454,000        1,106,504  

Formosa Advanced Technologies Co. Ltd.

     454,000        520,624  

Formosa International Hotels Corp.(b)

     126,000        883,872  

Formosa Plastics Corp.(b)

     7,790,000        16,771,009  

Formosa Sumco Technology Corp.(b)

     99,000        515,053  

Foxsemicon Integrated Technology, Inc.(b)

     281,000        2,607,746  

Fu Hua Innovation Co. Ltd.(b)

     1,323,000        1,165,766  

Fusheng Precision Co. Ltd.

     538,000        3,933,695  

G Shank Enterprise Co. Ltd.

     375,573        849,641  

Gemtek Technology Corp.(b)

     758,000        807,655  

Getac Holdings Corp.(b)

     856,000        3,410,252  

Global Brands Manufacture Ltd.

     431,000        979,071  

Global Mixed Mode Technology, Inc.

     151,000        1,257,409  

Goldsun Building Materials Co. Ltd.(b)

     2,384,000        2,823,241  

Greatek Electronics, Inc.

     834,000        1,607,880  

Holtek Semiconductor, Inc.(b)

     206,000        346,943  

Holy Stone Enterprise Co. Ltd.

     361,200        1,089,125  

Hon Hai Precision Industry Co. Ltd.

     18,289,000        85,720,312  

Hong TAI Electric Industrial

     241,000        233,067  

Huaku Development Co. Ltd.

     572,000        2,216,258  

Kindom Development Co. Ltd.

     1,331,000        1,738,429  

King Yuan Electronics Co. Ltd.(b)

     2,306,000        7,601,762  

KMC Kuei Meng International, Inc.

     62,000        273,158  

Kung Long Batteries Industrial Co. Ltd.

     152,000        662,553  

Lite-On Technology Corp., ADR(b)

     4,208,000        13,280,047  

Machvision, Inc.(b)

     72,000        923,524  

Macronix International Co. Ltd.(b)

     3,712,000        3,096,861  

MediaTek, Inc.

     4,660,000        174,002,843  

Nan Ya Plastics Corp.(b)

     7,985,000        13,972,222  

Nan Ya Printed Circuit Board Corp.(b)

     456,000        2,856,813  

Nichidenbo Corp.

     617,000        1,150,965  

Novatek Microelectronics Corp.(b)

     1,459,000        27,535,613  

Nuvoton Technology Corp.(b)

     317,000      1,213,383  

Pan Jit International, Inc.(b)

     508,000        903,189  

Pegatron Corp.(b)

     3,212,000        10,237,130  

Posiflex Technology, Inc.(b)

     191,000        701,251  

Pou Chen Corp.

     3,559,000        4,020,118  

Powertech Technology, Inc.

     1,498,000        9,384,880  

Primax Electronics Ltd.

     1,150,000        3,007,640  

Promate Electronic Co. Ltd.(b)

     628,000        1,720,924  

Qisda Corp.(b)

     3,343,000        4,664,020  

Realtek Semiconductor Corp.

     964,000        16,868,155  

Sampo Corp.

     353,000        326,489  

Sesoda Corp.(b)

     714,000        689,381  

Shih Wei Navigation Co. Ltd.(b)

     799,000        460,623  

Shin Zu Shing Co. Ltd.(b)

     455,000        2,637,290  

Shinkong Insurance Co. Ltd.

     174,000        462,681  

Sigurd Microelectronics Corp.(b)

     1,411,000        3,130,314  

Sinon Corp.(b)

     1,110,000        1,342,259  

Sitronix Technology Corp.(b)

     289,000        2,632,321  

Sonix Technology Co. Ltd.

     309,000        509,794  

Sunrex Technology Corp.

     387,000        764,241  

Supreme Electronics Co. Ltd.(b)

     1,053,299        2,395,993  

Swancor Holding Co. Ltd.(b)

     197,000        790,992  

Synnex Technology International Corp.

     3,112,000        7,672,186  

Systex Corp.

     356,000        1,318,168  

TA Chen Stainless Pipe(b)

     3,154,000        3,597,138  

Taiwan Hon Chuan Enterprise Co. Ltd.(b)

     513,000        2,308,248  

Taiwan Mobile Co. Ltd.(b)

     3,876,000        12,474,511  

Taiwan Navigation Co. Ltd.

     773,000        830,884  

Taiwan Paiho Ltd.(b)

     522,000        937,866  

Taiwan PCB Techvest Co. Ltd.

     848,000        1,160,573  

Taiwan Secom Co. Ltd.

     513,000        1,955,599  

Taiwan Surface Mounting Technology Corp.

     508,000        1,722,249  

Test Research, Inc.

     484,000        1,323,293  

Thye Ming Industrial Co. Ltd.

     344,000        798,638  

Ton Yi Industrial Corp.(b)

     1,503,000        671,580  

Topco Scientific Co. Ltd.

     470,813        3,221,774  

Topkey Corp.(b)

     207,000        1,245,098  

Transcend Information, Inc.

     378,000        1,052,379  

TSRC Corp.

     438,000        316,831  

Tung Ho Steel Enterprise Corp.

     1,282,000        2,768,016  

TXC Corp.

     988,000        3,488,493  

U-Ming Marine Transport Corp.

     829,000        1,372,881  

Uni-President Enterprises Corp.

     6,656,000        16,118,237  

Unimicron Technology Corp.(b)

     1,793,000        10,700,798  

United Integrated Services Co. Ltd.(b)

     488,000        5,992,595  

United Microelectronics Corp.(b)

     28,079,000        45,798,860  

Universal Cement Corp.

     1,267,020        1,251,045  

Wah Lee Industrial Corp.

     303,000        1,069,852  

Walsin Lihwa Corp.(b)

     4,463,000        5,236,479  

Weikeng Industrial Co. Ltd.

     751,000        742,705  

WPG Holdings Ltd.

     3,021,280        9,053,408  

Yankey Engineering Co. Ltd.(b)

     142,000        1,714,906  

Yem Chio Co. Ltd.

     866,000        504,660  

Zenitron Corp.

     588,000        649,485  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2024

 

 

 

Investments    Shares      Value  

Zero One Technology Co. Ltd.(b)

     448,000      $ 1,005,090  
     

 

 

 
Total Taiwan

 

     718,499,126  
Thailand – 2.8%

 

AAPICO Hitech PCL, NVDR(b)

     458,400        265,084  

AP Thailand PCL, NVDR

     2,436,300        721,125  

Banpu PCL, NVDR(b)

     12,893,900        1,961,251  

Banpu Power PCL, NVDR(b)

     1,383,600        568,797  

Don Muang Tollway PCL, NVDR

     2,152,300        713,747  

Electricity Generating PCL, NVDR(b)

     619,200        1,934,602  

Indorama Ventures PCL, NVDR(b)

     3,444,900        2,237,592  

Land & Houses PCL, NVDR(b)

     10,707,100        2,171,498  

Major Cineplex Group PCL, NVDR(b)

     747,500        295,005  

MBK PCL, NVDR

     1,150,200        561,112  

MC Group PCL, NVDR(b)

     1,142,900        413,464  

Northeast Rubber PCL, NVDR

     795,425        129,710  

One Enterprise Public Co. Ltd., NVDR

     3,367,000        439,244  

Osotspa PCL, NVDR(b)

     3,183,100        1,770,933  

Prima Marine PCL, NVDR

     2,372,000        497,315  

PTT Exploration & Production PCL, NVDR(b)

     3,595,100        15,075,034  

PTT PCL, NVDR(b)

     21,342,100        19,887,123  

Quality Houses PCL, NVDR

     12,087,900        728,835  

Sabina PCL, NVDR(b)

     380,100        260,432  

Sansiri PCL, NVDR

     24,343,000        1,140,844  

SC Asset Corp. PCL, NVDR

     5,387,600        540,421  

SCB X PCL, NVDR

     3,982,800        12,443,692  

Somboon Advance Technology PCL, NVDR(b)

     339,500        154,456  

Thai Oil PCL, NVDR

     1,332,600        2,173,065  

Thai Union Group PCL, NVDR(b)

     3,972,100        1,578,498  

Thai Vegetable Oil PCL, NVDR

     911,315        472,048  

Thanachart Capital PCL, NVDR

     1,244,500        1,748,013  

Tipco Asphalt PCL, NVDR

     2,693,700        1,173,822  

TMBThanachart Bank PCL, NVDR(b)

     61,895,900        3,087,373  

Triple i Logistics PCL, NVDR(b)

     1,003,100        240,551  

TTW PCL, NVDR(b)

     6,693,177        1,660,110  
     

 

 

 
Total Thailand

 

     77,044,796  
Turkey – 1.0%

 

Akbank TAS

     2,281,611        3,299,139  

Dogus Otomotiv Servis ve Ticaret AS

     142,108        1,383,655  

Turkiye Petrol Rafinerileri AS

     3,739,407      20,458,551  

Yapi ve Kredi Bankasi AS*

     2,012,791        1,700,968  
     

 

 

 
Total Turkey

 

     26,842,313  

TOTAL COMMON STOCKS

(Cost: $2,492,598,501)

 

 

     2,801,420,688  
EXCHANGE-TRADED FUND – 0.0%

 

United States – 0.0%

 

WisdomTree Global High Dividend Fund(d)
(Cost: $897,319)
     19,303        981,756  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1%

 

United States – 1.1%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.34%(e)

 

  

(Cost: $30,350,984)

     30,350,984        30,350,984  

TOTAL INVESTMENTS IN SECURITIES – 101.0%

(Cost: $2,523,846,804)

 

 

     2,832,753,428  

Other Assets less Liabilities – (1.0)%

 

     (28,704,712
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,804,048,716  
* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $243,668,369 and the total market value of the collateral held by the Fund was $258,712,718. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $228,361,734.

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate    Value at
3/31/2023
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
3/31/2024
     Dividend
Income
 

WisdomTree Global High Dividend Fund

   $ 2,263,456      $ 6,228,051      $ 7,568,185      $ (100,985    $ 159,419      $ 981,756      $ 144,788  

 

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments (concluded)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2024

 

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

Amount and
Description of
Currency to
be Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

State Street Bank and Trust

    4/1/2024       2,278,994       PHP       40,465       USD     $ 76     $  

State Street Bank and Trust

    4/1/2024       194,502       USD       970,000       BRL       717        

State Street Bank and Trust

    4/2/2024       952,078       USD       4,500,000       MYR       1,307        
                                            $ 2,100     $  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

           

Russia

   $      $      $ 0 *     $ 0  

Other

     2,801,420,688                      2,801,420,688  

Exchange-Traded Fund

     981,756                      981,756  

Investment of Cash Collateral for Securities Loaned

            30,350,984               30,350,984  

Total Investments in Securities

   $ 2,802,402,444      $ 30,350,984      $ 0      $ 2,832,753,428  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 2,100      $      $ 2,100  

Total – Net

   $ 2,802,402,444      $ 30,353,084      $ 0      $ 2,832,755,528  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%

 

Brazil – 5.7%

 

Ambev SA

     17,500      $ 43,667  

Banco do Brasil SA

     4,320        48,865  

BB Seguridade Participacoes SA

     4,959        32,218  

CCR SA

     33,743        93,162  

Cia de Saneamento Basico do Estado de Sao Paulo SABESP

     3,199        54,131  

CPFL Energia SA

     8,201        57,032  

Energisa SA

     10,554        100,932  

Engie Brasil Energia SA

     16,645        133,877  

Hypera SA

     10,137        66,688  

Suzano SA

     12,170        155,555  

Telefonica Brasil SA

     5,180        52,363  

TIM SA

     61,156        217,474  

TOTVS SA

     17,199        97,513  

Ultrapar Participacoes SA

     13,392        76,170  

Vibra Energia SA

     11,815        59,033  

WEG SA

     7,767        59,274  
     

 

 

 
Total Brazil

 

     1,347,954  
Chile – 0.4%

 

Cencosud SA

     21,383        37,061  

Enel Chile SA

     656,072        39,397  

Latam Airlines Group SA*

     2,153,365        26,806  
     

 

 

 
Total Chile

 

     103,264  
China – 9.5%

 

3SBio, Inc.(a)

     168,000        128,365  

Anhui Gujing Distillery Co. Ltd., Class B

     16,500        233,550  

China Medical System Holdings Ltd.

     163,000        171,196  

China Resources Power Holdings Co. Ltd.

     124,000        289,306  

People’s Insurance Co. Group of China Ltd., Class H

     882,000        281,737  

PICC Property & Casualty Co. Ltd., Class H

     216,000        284,819  

Sany Heavy Equipment International Holdings Co. Ltd.

     123,000        79,051  

Sinopharm Group Co. Ltd., Class H

     93,600        239,787  

Want Want China Holdings Ltd.

     607,000        358,316  

Zhejiang Expressway Co. Ltd., Class H

     240,000        153,940  
     

 

 

 
Total China

 

     2,220,067  
Czech Republic – 0.3%

 

CEZ AS

     1,988        71,070  
Hungary – 0.5%

 

MOL Hungarian Oil & Gas PLC

     15,562        126,253  
India – 24.9%

 

ABB India Ltd.

     1,540        117,451  

Adani Power Ltd.*

     2,693        17,236  

Ashok Leyland Ltd.

     24,725        50,768  

Asian Paints Ltd.

     2,170        74,068  

Aurobindo Pharma Ltd.

     7,094        92,606  

Bajaj Auto Ltd.

     1,674        183,616  

Bank of Baroda

     22,451        71,079  

Bharat Electronics Ltd.

     45,398        109,681  

Bharat Petroleum Corp. Ltd.

     18,160      131,166  

Britannia Industries Ltd.

     450        26,499  

CG Power & Industrial Solutions Ltd.

     12,757        82,735  

Cipla Ltd.

     7,565        135,780  

Coal India Ltd.

     30,454        158,509  

Colgate-Palmolive India Ltd.

     3,815        123,977  

Cummins India Ltd.

     539        19,428  

Dr. Reddy’s Laboratories Ltd.

     1,445        106,689  

Eicher Motors Ltd.

     1,769        85,251  

GAIL India Ltd.

     24,779        53,790  

Grasim Industries Ltd.

     5,322        145,955  

HCL Technologies Ltd.

     8,853        163,845  

HDFC Asset Management Co. Ltd.(a)

     786        35,379  

Hero MotoCorp Ltd.

     2,541        143,873  

Hindustan Aeronautics Ltd.(b)

     448        17,871  

Hindustan Petroleum Corp. Ltd.

     13,441        76,655  

Hindustan Unilever Ltd.

     2,233        60,625  

ICICI Lombard General Insurance Co. Ltd.(a)

     3,658        73,882  

Indian Hotels Co. Ltd.

     24,235        171,776  

Indian Oil Corp. Ltd.

     82,134        165,199  

Indraprastha Gas Ltd.

     9,483        48,983  

IndusInd Bank Ltd.

     1,992        37,092  

Infosys Ltd.

     4,889        87,815  

InterGlobe Aviation Ltd.*(a)

     829        35,273  

ITC Ltd.

     7,347        37,734  

Kotak Mahindra Bank Ltd.

     394        8,435  

Larsen & Toubro Ltd.

     1,129        50,951  

LTIMindtree Ltd.(a)

     1,155        68,390  

Lupin Ltd.

     1,595        30,920  

Mahindra & Mahindra Ltd.

     7,277        167,641  

Maruti Suzuki India Ltd.

     1,126        170,115  

MRF Ltd.

     59        94,360  

Nestle India Ltd.

     2,068        65,022  

NTPC Ltd.

     39,777        160,153  

Oil & Natural Gas Corp. Ltd.

     51,530        165,614  

Persistent Systems Ltd.

     1,898        90,677  

Petronet LNG Ltd.

     36,766        116,025  

PI Industries Ltd.

     642        29,771  

Pidilite Industries Ltd.

     1,347        48,689  

Power Grid Corp. of India Ltd.

     52,358        173,831  

SBI Cards & Payment Services Ltd.

     5,578        45,649  

Siemens Ltd.

     2,009        129,450  

State Bank of India

     11,004        99,264  

Sun Pharmaceutical Industries Ltd.

     7,646        148,565  

Tata Consultancy Services Ltd.

     2,845        132,227  

Tata Elxsi Ltd.

     1,279        119,387  

Tata Motors Ltd.

     12,140        144,511  

Torrent Pharmaceuticals Ltd.

     3,702        115,433  

Trent Ltd.

     2,045        96,804  

TVS Motor Co. Ltd.

     6,962        179,625  

Varun Beverages Ltd.

     3,701        62,063  

Vedanta Ltd.

     17,971        58,533  

Wipro Ltd.

     25,305        145,666  
     

 

 

 
Total India

 

     5,860,057  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2024

 

 

 

Investments    Shares      Value  
Indonesia – 4.5%

 

Adaro Energy Indonesia Tbk. PT

     615,200      $ 104,764  

Astra International Tbk. PT

     238,000        77,307  

Bank Central Asia Tbk. PT

     255,900        162,611  

Bank Negara Indonesia Persero Tbk. PT

     213,100        79,299  

Indah Kiat Pulp & Paper Tbk. PT

     296,200        178,878  

Indofood CBP Sukses Makmur Tbk. PT

     148,900        108,940  

Indofood Sukses Makmur Tbk. PT

     185,200        74,465  

Telkom Indonesia Persero Tbk. PT

     647,800        141,777  

Unilever Indonesia Tbk. PT

     277,300        47,222  

United Tractors Tbk. PT

     58,000        88,436  
     

 

 

 
Total Indonesia

 

     1,063,699  
Malaysia – 3.4%

 

AMMB Holdings Bhd.

     25,400        22,486  

CIMB Group Holdings Bhd.

     97,200        136,363  

Genting Malaysia Bhd.

     182,000        104,593  

IHH Healthcare Bhd.

     18,800        24,031  

Malaysia Airports Holdings Bhd.

     26,700        56,187  

MISC Bhd.

     62,600        101,446  

Nestle Malaysia Bhd.

     3,800        94,900  

Petronas Gas Bhd.

     17,400        64,777  

Sime Darby Bhd.

     160,200        88,003  

Telekom Malaysia Bhd.

     73,900        94,307  
     

 

 

 
Total Malaysia

 

     787,093  
Mexico – 4.2%

 

Alfa SAB de CV, Class A

     69,319        51,588  

America Movil SAB de CV

     184,179        172,636  

Arca Continental SAB de CV

     3,934        42,945  

Coca-Cola Femsa SAB de CV

     11,763        113,499  

Fibra Uno Administracion SA de CV

     11,700        19,435  

Fomento Economico Mexicano SAB de CV

     3,075        39,893  

Gruma SAB de CV, Class B

     2,780        51,961  

Grupo Bimbo SAB de CV, Series A

     25,038        118,202  

Grupo Financiero Inbursa SAB de CV, Class O*

     53,407        164,285  

Kimberly-Clark de Mexico SAB de CV, Class A

     32,000        74,312  

Wal-Mart de Mexico SAB de CV

     35,700        143,902  
     

 

 

 
Total Mexico

 

     992,658  
Philippines – 2.5%

 

Bank of the Philippine Islands

     34,308        72,076  

BDO Unibank, Inc.

     30,980        85,145  

International Container Terminal Services, Inc.

     16,840        95,262  

Jollibee Foods Corp.

     31,430        141,230  

Manila Electric Co.

     4,170        26,482  

Metropolitan Bank & Trust Co.

     98,710        114,399  

SM Investments Corp.

     2,350        40,633  
     

 

 

 
Total Philippines

 

     575,227  
Poland – 1.2%

 

Budimex SA

     126        22,118  

Dino Polska SA*(a)

     442        42,973  

ORLEN SA

     3,889        63,468  

PGE Polska Grupa Energetyczna SA*

     1,284        2,319  

Powszechna Kasa Oszczednosci Bank Polski SA

     3,768        56,070  

Powszechny Zaklad Ubezpieczen SA

     1,843      22,558  

Santander Bank Polska SA

     505        72,120  
     

 

 

 
Total Poland

 

     281,626  
Russia – 0.0%

 

LUKOIL PJSC*

     67        0  

LUKOIL PJSC, ADR*

     46        0  

Magnit PJSC*

     32        0  

MMC Norilsk Nickel PJSC*

     29        0  

MMC Norilsk Nickel PJSC, ADR*

     11        0  

Mobile TeleSystems PJSC, ADR*

     1,696        0  

Novolipetsk Steel PJSC*

     3,110        0  

PhosAgro PJSC*

     178        0  

PhosAgro PJSC, GDR*(b)

     4        0  

Polyus PJSC*

     59        0  

Rosneft Oil Co. PJSC*

     1,588        0  

Sberbank of Russia PJSC, ADR*

     639        0  

Severstal PAO, GDR*(b)

     475        0  

VTB Bank PJSC*

     16,536,000        0  

X5 Retail Group NV, GDR*(b)

     223        0  
     

 

 

 
Total Russia

 

     0  
South Africa – 2.8%

 

Absa Group Ltd.

     8,531        66,734  

Bid Corp. Ltd.

     792        19,315  

Bidvest Group Ltd.(c)

     7,392        94,667  

Clicks Group Ltd.

     6,365        99,531  

Harmony Gold Mining Co. Ltd.

     4,412        36,815  

MTN Group Ltd.(c)

     3,378        16,722  

OUTsurance Group Ltd.

     44,863        99,505  

Sasol Ltd.

     12,599        97,399  

Standard Bank Group Ltd.

     12,762        124,841  
     

 

 

 
Total South Africa

 

     655,529  
South Korea – 15.2%

 

DB Insurance Co. Ltd.

     2,689        189,154  

Doosan Bobcat, Inc.

     5,033        199,264  

GS Holdings Corp.

     4,318        154,758  

Hankook Tire & Technology Co. Ltd.

     4,762        191,718  

Hanwha Aerospace Co. Ltd.

     783        118,940  

Hyundai Glovis Co. Ltd.

     1,050        135,788  

Hyundai Motor Co.

     1,261        218,246  

Krafton, Inc.*

     823        150,998  

KT Corp.

     5,836        163,430  

LG Uplus Corp.

     28,008        207,420  

Meritz Financial Group, Inc.

     5,024        304,892  

Orion Corp.

     1,968        133,027  

Samsung Electronics Co. Ltd.

     9,371        573,571  

Samsung Engineering Co. Ltd.*

     6,419        119,202  

Samsung Fire & Marine Insurance Co. Ltd.

     658        149,562  

Samsung Life Insurance Co. Ltd.

     1,996        136,847  

Samsung SDS Co. Ltd.

     1,893        229,902  

SK Telecom Co. Ltd.

     4,813        187,694  
     

 

 

 
Total South Korea

 

     3,564,413  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2024

 

 

 

Investments    Shares      Value  
Taiwan – 19.5%

 

Accton Technology Corp.

     5,000      $ 72,336  

ASE Technology Holding Co. Ltd.

     36,000        181,105  

Cheng Shin Rubber Industry Co. Ltd.

     69,000        107,801  

Compal Electronics, Inc.

     146,000        165,145  

Eva Airways Corp.

     31,000        30,948  

Globalwafers Co. Ltd.

     4,000        72,492  

Hon Hai Precision Industry Co. Ltd.

     37,000        173,419  

Lite-On Technology Corp., ADR

     82,000        258,784  

MediaTek, Inc.

     3,000        112,019  

Novatek Microelectronics Corp.

     9,000        169,856  

Pegatron Corp.

     46,000        146,609  

Pou Chen Corp.

     116,000        131,029  

President Chain Store Corp.

     13,000        108,254  

Quanta Computer, Inc.

     39,000        357,664  

Realtek Semiconductor Corp.

     5,000        87,490  

Synnex Technology International Corp.

     59,000        145,456  

Taiwan Semiconductor Manufacturing Co. Ltd.

     74,500        1,813,411  

Wistron Corp.

     10,000        39,058  

Wiwynn Corp.

     4,500        319,184  

WPG Holdings Ltd.

     33,000        98,886  
     

 

 

 
Total Taiwan

 

     4,590,946  
Thailand – 0.5%

 

Bangkok Dusit Medical Services PCL, NVDR

     50,700        39,601  

Bumrungrad Hospital PCL, NVDR

     3,500        21,487  

Krung Thai Bank PCL, NVDR

     100,700        46,917  
     

 

 

 
Total Thailand

 

     108,005  
Turkey – 3.6%

 

Akbank TAS

     105,052        151,902  

Ford Otomotiv Sanayi AS

     3,109        108,784  

Haci Omer Sabanci Holding AS

     31,373        80,003  

KOC Holding AS*

     16,244        100,019  

Pegasus Hava Tasimaciligi AS*

     2,065        51,893  

Turk Hava Yollari AO*

     7,567        69,643  

Turkiye Is Bankasi AS, Class C

     486,430        171,255  

Turkiye Sise ve Cam Fabrikalari AS

     56,848        81,252  

Yapi ve Kredi Bankasi AS*

     33,190        28,048  
     

 

 

 
Total Turkey               842,799  

TOTAL COMMON STOCKS

(Cost: $21,480,790)

 

 

     23,190,660  
PREFERRED STOCKS – 1.1%      
Brazil – 1.1%      

Banco Bradesco SA

     841      2,396  

Cia Energetica de Minas Gerais

     26,646        66,860  

Companhia Paranaense de Energia

     17,548        33,725  

Itau Unibanco Holding SA

     10,223        70,746  

Petroleo Brasileiro SA

     12,235        91,319  
TOTAL PREFERRED STOCKS
(Cost: $265,011)
              265,046  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%

 

United States – 0.0%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.34%(d)

     
(Cost: $8,195)      8,195        8,195  

TOTAL INVESTMENTS IN SECURITIES – 99.8%

(Cost: $21,753,996)

 

 

     23,463,901  

Other Assets less Liabilities – 0.2%

        35,964  
     

 

 

 
NET ASSETS – 100.0%             $ 23,499,865  
* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

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

 

(b) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(c) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $83,527 and the total market value of the collateral held by the Fund was $88,002. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $79,807.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

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 NA

    4/1/2024       314,188       TWD       9,818       USD     $     $ (1

Bank of America NA

    4/2/2024       3,911,617,680       KRW       2,905,026       USD       539        

Bank of America NA

    4/2/2024       2,665,312,566       KRW       1,978,115       USD       1,690        

Bank of America NA

    4/2/2024       1,999,784       USD       2,665,312,566       KRW       19,979        

Bank of America NA

    4/2/2024       2,903,086       USD       3,911,617,680       KRW             (2,480

Bank of America NA

    4/3/2024       15,819,698,877       IDR       996,516       USD       1,228        

Bank of America NA

    4/3/2024       106,512       USD       103,689,923       CLP       801        

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2024

 

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 NA

    4/3/2024       1,005,894       USD       15,819,698,877       IDR     $ 8,150     $  

Bank of America NA

    4/3/2024       649,720       USD       11,149,953       MXN             (20,979

Bank of America NA

    4/4/2024       542,372       CZK       23,106       USD       59        

Bank of America NA

    4/4/2024       23,106       USD       539,768       CZK       52        

Bank of America NA

    5/6/2024       58,464       USD       1,372,669       CZK             (152

Bank of America NA

    5/6/2024       1,077,731       USD       17,128,385,437       IDR             (1,505

Bank of America NA

    5/7/2024       2,977,529       USD       4,001,948,519       KRW             (890

Citibank NA

    4/2/2024       17,238,704       CNY       2,434,845       USD             (49,674

Citibank NA

    4/2/2024       1,246,305,114       KRW       924,970       USD       790        

Citibank NA

    4/2/2024       144,534,909       TWD       4,517,139       USD             (917

Citibank NA

    4/2/2024       2,429,698       USD       17,238,704       CNY       44,527        

Citibank NA

    4/2/2024       953,015       USD       1,246,305,114       KRW       27,254        

Citibank NA

    4/2/2024       549,383       USD       30,845,100       PHP       684        

Citibank NA

    4/2/2024       4,564,500       USD       144,534,909       TWD       48,279        

Citibank NA

    4/3/2024       103,689,923       CLP       105,639       USD       73        

Citibank NA

    4/4/2024       5,257,425       USD       436,434,631       INR       24,687        

Citibank NA

    5/6/2024       84,139       USD       82,678,614       CLP             (65

Citibank NA

    5/8/2024       2,397,884       USD       16,933,858       CNY       46,520        

Goldman Sachs

    4/2/2024       640,495       MYR       137,151       USD             (1,826

Goldman Sachs

    4/2/2024       3,073,125       MYR       647,655       USD       1,642        

Goldman Sachs

    4/2/2024       135,363       USD       640,495       MYR       37        

Goldman Sachs

    4/2/2024       649,476       USD       3,073,125       MYR       178        

Goldman Sachs

    4/3/2024       10,762,956       MXN       649,720       USD             (2,299

Goldman Sachs

    4/3/2024       1,377,614       USD       6,893,579       BRL       580        

Goldman Sachs

    4/4/2024       25,580,588       HUF       69,946       USD       161        

Goldman Sachs

    5/6/2024       83,376       USD       30,558,296       HUF             (192

Goldman Sachs

    5/6/2024       654,426       USD       10,897,243       MXN       2,277        

Goldman Sachs

    5/6/2024       633,972       USD       3,007,878       MYR             (2,981

HSBC Holdings PLC

    4/2/2024       15,614,085       CNY       2,200,717       USD             (40,330

HSBC Holdings PLC

    4/2/2024       1,624,619       CNY       228,981       USD             (4,196

HSBC Holdings PLC

    4/2/2024       30,845,100       PHP       548,455       USD       244        

HSBC Holdings PLC

    4/2/2024       7,446,870       THB       209,848       USD             (5,755

HSBC Holdings PLC

    4/2/2024       4,553,581       THB       125,176       USD             (377

HSBC Holdings PLC

    4/2/2024       1,849,524       TWD       58,958       USD             (1,167

HSBC Holdings PLC

    4/2/2024       2,195,456       USD       15,614,085       CNY       35,070        

HSBC Holdings PLC

    4/2/2024       229,158       USD       1,624,619       CNY       4,374        

HSBC Holdings PLC

    4/2/2024       57,803       USD       1,849,524       TWD       12        

HSBC Holdings PLC

    4/3/2024       29,900       HKD       3,821       USD              

HSBC Holdings PLC

    4/4/2024       23,127,000       INR       279,295       USD             (2,008

HSBC Holdings PLC

    4/4/2024       413,307,631       INR       4,956,678       USD             (1,227

HSBC Holdings PLC

    4/4/2024       69,946       USD       25,411,780       HUF       302        

HSBC Holdings PLC

    4/4/2024       564,184       USD       10,858,475       ZAR             (9,195

HSBC Holdings PLC

    5/3/2024       481,990       USD       27,114,844       PHP             (103

HSBC Holdings PLC

    5/6/2024       4,776,667       USD       398,655,864       INR       1,059        

HSBC Holdings PLC

    5/7/2024       89,583       USD       3,252,561       THB       190        

Merrill Lynch International

    4/1/2024       89,544       MYR       18,945       USD             (26

Morgan Stanley & Co. International

    4/2/2024       3,713,620       MYR       784,838       USD             (216

Morgan Stanley & Co. International

    4/2/2024       778,782       USD       3,713,620       MYR             (5,841

Morgan Stanley & Co. International

    4/3/2024       6,893,579       BRL       1,382,864       USD             (5,831

Morgan Stanley & Co. International

    4/3/2024       386,200       MXN       23,246       USD             (11

Morgan Stanley & Co. International

    4/3/2024       1,063,661       PLN       265,794       USD       938        

Morgan Stanley & Co. International

    4/4/2024       112,200       ZAR       5,927       USD             (2

Morgan Stanley & Co. International

    4/4/2024       10,706,317       ZAR       564,184       USD       1,160        

Morgan Stanley & Co. International

    5/6/2024       1,082,136       USD       5,409,059       BRL       5,108        

Morgan Stanley & Co. International

    5/6/2024       541,770       USD       10,307,192       ZAR             (1,105

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2024

 

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

    5/7/2024       182,484       USD       730,487       PLN     $     $ (648

UBS AG

    4/1/2024       136,000       TRY       4,192       USD       11        

UBS AG

    4/2/2024       16,895,518       TRY       520,709       USD       1,531        

UBS AG

    4/2/2024       142,685,385       TWD       4,458,514       USD             (84

UBS AG

    4/2/2024       334,113       USD       12,000,451       THB       5,221        

UBS AG

    4/2/2024       520,709       USD       16,849,964       TRY             (123

UBS AG

    4/2/2024       4,459,336       USD       142,685,385       TWD       906        

UBS AG

    4/3/2024       265,794       USD       1,059,178       PLN       186        

UBS AG

    5/6/2024       553,745       USD       18,695,203       TRY             (415

UBS AG

    5/6/2024       4,574,889       USD       146,295,357       TWD             (14,625
                                            $ 286,499     $ (177,246

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted

Prices in

Active

Markets
(Level 1)

     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

           

Russia

   $      $      $ 0 *     $ 0  

Other

     23,190,660                      23,190,660  

Preferred Stocks

     265,046                      265,046  

Investment of Cash Collateral for Securities Loaned

            8,195               8,195  

Total Investments in Securities

   $ 23,455,706      $ 8,195      $ 0      $ 23,463,901  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 286,499      $      $ 286,499  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (177,246    $      $ (177,246

Total – Net

   $ 23,455,706      $ 117,448      $ 0      $ 23,573,154  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 97.7%

 

Brazil – 5.0%

 

Ambev SA

     129,284      $ 322,593  

Banco do Brasil SA

     29,690        335,837  

BB Seguridade Participacoes SA

     44,196        287,132  

CCR SA

     164,221        453,404  

Cia de Saneamento Basico do Estado de Sao Paulo SABESP

     39,336        665,613  

CPFL Energia SA

     26,693        185,631  

Engie Brasil Energia SA

     54,640        439,473  

Klabin SA

     136,913        690,918  

Lojas Renner SA

     28,615        97,069  

Petroleo Brasileiro SA

     50,826        388,692  

Raia Drogasil SA

     51,388        280,986  

Rumo SA

     46,751        207,905  

Suzano SA

     24,426        312,208  

TIM SA

     127,240        452,472  

TOTVS SA

     41,103        233,042  

Vale SA

     79,058        960,753  

WEG SA

     52,387        399,793  
     

 

 

 
Total Brazil

 

     6,713,521  
Chile – 1.7%

 

Banco de Chile

     2,520,167        280,061  

Banco de Credito & Inversiones SA*

     14,159        404,337  

Cencosud SA

     185,662        321,787  

Cia Sud Americana de Vapores SA

     2,825,172        212,280  

Empresas CMPC SA

     274,270        556,733  

Empresas Copec SA

     37,000        265,528  

Enel Chile SA

     2,973,719        178,572  
     

 

 

 
Total Chile

 

     2,219,298  
China – 0.3%

 

Airtac International Group

     12,786        447,461  
Czech Republic – 0.2%

 

CEZ AS(a)

     8,131        290,678  
Hungary – 0.4%

 

MOL Hungarian Oil & Gas PLC

     29,764        241,472  

Richter Gedeon Nyrt

     12,622        320,348  
     

 

 

 
Total Hungary

 

     561,820  
India – 31.3%

 

ABB India Ltd.

     7,476        570,171  

Adani Enterprises Ltd.

     15,922        610,344  

Adani Ports & Special Economic Zone Ltd.

     62,319        1,002,641  

Apollo Hospitals Enterprise Ltd.

     5,476        417,372  

Ashok Leyland Ltd.

     90,558        185,942  

Asian Paints Ltd.

     11,732        400,445  

Astral Ltd.

     9,166        218,840  

AU Small Finance Bank Ltd.(b)

     20,095        136,131  

Bajaj Auto Ltd.

     7,622        836,033  

Bajaj Holdings & Investment Ltd.

     8,171        810,487  

Bank of Baroda

     59,710        189,040  

Berger Paints India Ltd.

     26,711        183,529  

Bharat Electronics Ltd.

     296,961        717,456  

Bharat Petroleum Corp. Ltd.

     49,531      357,753  

Bharti Airtel Ltd.

     33,171        488,641  

Cipla Ltd.

     67,531        1,212,080  

Coal India Ltd.

     90,479        470,932  

Colgate-Palmolive India Ltd.

     17,129        556,645  

Container Corp. of India Ltd.

     22,512        238,096  

Cummins India Ltd.

     11,290        406,949  

Dabur India Ltd.

     36,105        226,472  

Dr. Reddy’s Laboratories Ltd.

     4,506        332,694  

Eicher Motors Ltd.

     5,320        256,379  

Grasim Industries Ltd.

     26,364        723,028  

HCL Technologies Ltd.

     30,363        561,935  

HDFC Asset Management Co. Ltd.(b)

     5,566        250,536  

HDFC Bank Ltd.

     30,273        525,551  

Hero MotoCorp Ltd.

     6,838        387,172  

Hindalco Industries Ltd.

     56,164        377,278  

Hindustan Petroleum Corp. Ltd.

     213,978        1,220,331  

Hindustan Unilever Ltd.

     22,218        603,211  

ICICI Bank Ltd.

     76,020        996,525  

ICICI Lombard General Insurance Co. Ltd.(b)

     11,070        223,583  

Indian Hotels Co. Ltd.

     78,122        553,722  

Indian Railway Catering & Tourism Corp. Ltd.

     20,842        232,329  

Indraprastha Gas Ltd.

     45,869        236,928  

Infosys Ltd.

     75,818        1,361,820  

ITC Ltd.

     139,534        716,638  

Jindal Steel & Power Ltd.

     54,626        556,166  

Larsen & Toubro Ltd.

     21,122        953,222  

LTIMindtree Ltd.(b)

     3,146        186,280  

Mahindra & Mahindra Ltd.

     20,622        475,071  

Maruti Suzuki India Ltd.

     5,151        778,207  

Mphasis Ltd.

     7,918        226,715  

MRF Ltd.

     255        407,827  

Nestle India Ltd.

     24,698        776,557  

NTPC Ltd.

     179,540        722,874  

Oil & Natural Gas Corp. Ltd.

     137,497        441,906  

Page Industries Ltd.

     574        237,101  

PI Industries Ltd.

     5,685        263,626  

Pidilite Industries Ltd.

     15,780        570,390  

Power Grid Corp. of India Ltd.

     274,385        910,970  

Reliance Industries Ltd.

     63,510        2,262,914  

Samvardhana Motherson International Ltd.

     639,861        898,387  

SBI Cards & Payment Services Ltd.

     35,173        287,849  

SBI Life Insurance Co. Ltd.(b)

     12,083        217,350  

Shree Cement Ltd.

     2,235        688,243  

Siemens Ltd.

     9,113        587,197  

Sona Blw Precision Forgings Ltd.(b)

     27,287        230,967  

SRF Ltd.

     8,374        257,061  

State Bank of India

     76,405        689,228  

Sun Pharmaceutical Industries Ltd.

     48,668        945,642  

Tata Consultancy Services Ltd.

     25,370        1,179,122  

Tata Consumer Products Ltd.

     27,386        359,948  

Tata Elxsi Ltd.

     2,454        229,067  

Tata Power Co. Ltd.

     174,342        824,024  

Tech Mahindra Ltd.

     36,274        542,832  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2024

 

 

 

Investments    Shares      Value  

Titan Co. Ltd.

     10,140      $ 462,219  

Torrent Pharmaceuticals Ltd.

     16,448        512,870  

Trent Ltd.

     11,949        565,626  

Tube Investments of India Ltd.

     12,774        572,301  

TVS Motor Co. Ltd.

     32,866        847,969  

UltraTech Cement Ltd.

     5,196        607,375  

Varun Beverages Ltd.

     51,637        865,915  

Wipro Ltd.

     59,047        339,900  
     

 

 

 
Total India

 

     42,276,577  
Indonesia – 2.9%

 

Adaro Energy Indonesia Tbk. PT

     1,082,200        184,291  

Aneka Tambang Tbk. PT

     1,777,500        179,376  

Astra International Tbk. PT

     614,000        199,439  

Bank Central Asia Tbk. PT

     980,300        622,928  

Bank Mandiri Persero Tbk. PT

     1,070,900        489,689  

Bank Negara Indonesia Persero Tbk. PT

     694,900        258,588  

Bank Rakyat Indonesia Persero Tbk. PT

     1,429,800        545,587  

Kalbe Farma Tbk. PT

     3,623,731        337,118  

Semen Indonesia Persero Tbk. PT

     410,300        152,682  

Sumber Alfaria Trijaya Tbk. PT

     1,652,700        303,334  

Telkom Indonesia Persero Tbk. PT

     984,100        215,378  

Vale Indonesia Tbk. PT

     1,684,100        432,311  
     

 

 

 
Total Indonesia

 

     3,920,721  
Malaysia – 2.0%

 

AMMB Holdings Bhd.

     212,100        187,767  

CIMB Group Holdings Bhd.

     456,300        640,150  

IHH Healthcare Bhd.

     157,100        200,815  

IOI Corp. Bhd.

     257,600        216,617  

MR DIY Group M Bhd.(b)

     346,100        108,956  

Petronas Dagangan Bhd.

     68,000        310,044  

Press Metal Aluminium Holdings Bhd.

     252,800        248,367  

QL Resources Bhd.

     265,100        330,465  

RHB Bank Bhd.

     145,078        173,799  

Telekom Malaysia Bhd.

     206,500        263,524  
     

 

 

 
Total Malaysia

 

     2,680,504  
Mexico – 6.2%

 

Alfa SAB de CV, Class A

     291,792        217,153  

America Movil SAB de CV

     803,254        752,911  

Arca Continental SAB de CV

     49,190        536,979  

Coca-Cola Femsa SAB de CV

     60,224        581,090  

Fibra Uno Administracion SA de CV

     266,565        442,785  

Fomento Economico Mexicano SAB de CV

     74,094        961,248  

Gruma SAB de CV, Class B

     11,300        211,210  

Grupo Aeroportuario del Pacifico SAB de CV, Class B

     28,286        454,383  

Grupo Aeroportuario del Sureste SAB de CV, Class B

     18,935        597,335  

Grupo Bimbo SAB de CV, Series A

     229,799        1,084,863  

Grupo Carso SAB de CV, Series A1(a)

     27,136        241,815  

Grupo Financiero Banorte SAB de CV, Class O

     50,480        535,633  

Grupo Mexico SAB de CV, Series B

     123,103        726,765  

Kimberly-Clark de Mexico SAB de CV, Class A

     85,553        198,676  

Promotora y Operadora de Infraestructura SAB de CV

     45,117      477,750  

Wal-Mart de Mexico SAB de CV

     92,469        372,730  
     

 

 

 
Total Mexico

 

     8,393,326  
Philippines – 2.4%

 

Bank of the Philippine Islands

     197,120        414,122  

BDO Unibank, Inc.

     91,330        251,010  

International Container Terminal Services, Inc.

     205,480        1,162,370  

Jollibee Foods Corp.

     44,690        200,813  

Manila Electric Co.

     101,470        644,397  

Metropolitan Bank & Trust Co.

     213,870        247,863  

SM Prime Holdings, Inc.

     424,200        246,755  
     

 

 

 
Total Philippines

 

     3,167,330  
Poland – 0.9%

 

Budimex SA

     1,495        262,429  

CD Projekt SA(a)

     6,566        192,481  

LPP SA

     111        425,879  

ORLEN SA

     21,532        351,402  
     

 

 

 
Total Poland

 

     1,232,191  
Russia – 0.0%

 

MMC Norilsk Nickel PJSC*

     993        0  

MMC Norilsk Nickel PJSC, ADR*

     3        0  

Mobile TeleSystems PJSC, ADR*

     24,869        0  

Novolipetsk Steel PJSC*

     71,650        0  

PhosAgro PJSC*

     2,975        0  

PhosAgro PJSC, GDR*(c)

     60        0  

Polyus PJSC*

     1,334        0  

Severstal PAO, GDR*(c)

     8,497        0  

Surgutneftegas PJSC*

     341,560        0  

Surgutneftegas PJSC, ADR*

     749        0  

TCS Group Holding PLC, GDR*(c)

     2,248        0  
     

 

 

 
Total Russia

 

     0  
Saudi Arabia – 6.6%

 

Al Rajhi Bank

     95,582        2,097,428  

Alinma Bank

     27,013        306,467  

Almarai Co. JSC

     44,680        686,193  

Arab National Bank

     52,353        407,601  

Arabian Internet & Communications Services Co.

     2,037        206,388  

Bupa Arabia for Cooperative Insurance Co.

     5,243        359,272  

Co. for Cooperative Insurance

     21,373        895,837  

Dallah Healthcare Co.

     8,534        380,907  

Elm Co.

     1,120        290,504  

Etihad Etisalat Co.

     35,552        496,714  

Mouwasat Medical Services Co.

     6,531        239,960  

Nahdi Medical Co.

     7,267        284,828  

Riyad Bank

     32,594        255,503  

SABIC Agri-Nutrients Co.

     8,128        262,229  

Saudi Arabian Oil Co.(b)

     41,703        343,031  

Saudi Awwal Bank

     48,187        513,926  

Saudi Telecom Co.

     53,297        562,741  

Savola Group

     20,133        302,223  
     

 

 

 
Total Saudi Arabia

 

     8,891,752  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Schedule of Investments (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2024

 

 

 

Investments    Shares      Value  
South Africa – 4.8%

 

Absa Group Ltd.

     56,121      $ 439,010  

Bid Corp. Ltd.

     24,737        603,276  

Bidvest Group Ltd.(a)

     20,346        260,564  

Capitec Bank Holdings Ltd.

     2,844        314,763  

Clicks Group Ltd.

     16,090        251,603  

FirstRand Ltd.(a)

     107,568        350,659  

Gold Fields Ltd.

     28,582        458,701  

MTN Group Ltd.

     162,037        802,131  

OUTsurance Group Ltd.

     212,914        472,236  

Pepkor Holdings Ltd.(b)

     526,868        525,025  

Sanlam Ltd.

     143,716        526,633  

Shoprite Holdings Ltd.(a)

     23,381        305,520  

Standard Bank Group Ltd.

     68,959        674,577  

Woolworths Holdings Ltd.

     153,504        479,977  
     

 

 

 
Total South Africa

 

     6,464,675  
South Korea – 10.8%

 

BGF retail Co. Ltd.

     1,822        159,294  

DB Insurance Co. Ltd.

     5,403        380,066  

Doosan Bobcat, Inc.

     11,065        438,079  

Ecopro BM Co. Ltd.*

     3,649        742,675  

Ecopro Co. Ltd.*

     387        181,965  

F&F Co. Ltd.

     4,484        234,151  

GS Holdings Corp.

     15,200        544,772  

Hana Financial Group, Inc.

     15,180        650,612  

Hankook Tire & Technology Co. Ltd.

     12,820        516,133  

Hanmi Pharm Co. Ltd.

     1,462        361,631  

Hanmi Semiconductor Co. Ltd.

     3,996        396,854  

HD Hyundai Co. Ltd.

     8,218        438,904  

Hyundai Glovis Co. Ltd.

     4,041        522,591  

Hyundai Motor Co.

     4,603        796,657  

Industrial Bank of Korea

     26,749        268,235  

JYP Entertainment Corp.

     2,575        137,907  

LG Innotek Co. Ltd.

     1,919        280,384  

LG Uplus Corp.

     12,300        91,091  

NAVER Corp.

     2,193        305,269  

Orion Corp.

     4,518        305,395  

Pan Ocean Co. Ltd.

     58,329        179,157  

Posco International Corp.

     4,172        163,936  

S-Oil Corp.

     2,725        158,895  

Samsung Electronics Co. Ltd.

     87,308        5,343,866  

Samsung Fire & Marine Insurance Co. Ltd.

     937        212,978  

Samsung SDS Co. Ltd.

     4,664        566,436  

Woori Financial Group, Inc.

     21,155        225,025  
     

 

 

 
Total South Korea

 

     14,602,958  
Taiwan – 15.4%

 

Accton Technology Corp.

     41,000        593,154  

Advantech Co. Ltd.

     46,280        584,221  

ASE Technology Holding Co. Ltd.

     125,000        628,837  

Cheng Shin Rubber Industry Co. Ltd.

     121,000        189,042  

Delta Electronics, Inc.

     63,000        671,270  

Eclat Textile Co. Ltd.

     19,000        328,308  

Eva Airways Corp.

     257,000        256,570  

Global Unichip Corp.

     5,000      194,510  

Lite-On Technology Corp., ADR

     180,000        568,063  

momo.com, Inc.

     2,280        27,571  

Nan Ya Printed Circuit Board Corp.

     31,000        194,213  

Nien Made Enterprise Co. Ltd.

     44,000        483,260  

President Chain Store Corp.

     92,000        766,104  

Quanta Computer, Inc.

     112,000        1,027,138  

Ruentex Development Co. Ltd.

     219,950        241,575  

Synnex Technology International Corp.

     298,000        734,676  

Taiwan Semiconductor Manufacturing Co. Ltd.

     417,291        10,157,317  

Unimicron Technology Corp.

     68,000        405,830  

United Microelectronics Corp.

     356,000        580,661  

Voltronic Power Technology Corp.

     8,000        409,955  

Walsin Lihwa Corp.

     158,000        185,383  

Wistron Corp.

     62,000        242,161  

Wiwynn Corp.

     13,000        922,087  

Zhen Ding Technology Holding Ltd.

     103,000        402,300  
     

 

 

 
Total Taiwan

 

     20,794,206  
Thailand – 2.2%

 

Advanced Info Service PCL, NVDR

     35,900        201,699  

Asset World Corp. PCL, NVDR(a)

     1,796,300        201,845  

Bangkok Dusit Medical Services PCL, NVDR

     307,900        240,497  

Bangkok Expressway & Metro PCL, NVDR

     718,600        159,525  

Banpu PCL, NVDR

     1,112,800        169,265  

Bumrungrad Hospital PCL, NVDR

     32,100        197,065  

Central Pattana PCL, NVDR

     127,800        220,662  

Central Retail Corp. PCL, NVDR

     157,900        154,708  

Delta Electronics Thailand PCL, NVDR

     118,800        242,565  

Gulf Energy Development PCL, NVDR

     162,600        194,964  

Home Product Center PCL, NVDR

     483,000        140,317  

Krung Thai Bank PCL, NVDR

     290,500        135,348  

Krungthai Card PCL, NVDR

     120,500        151,089  

PTT Exploration & Production PCL, NVDR

     52,200        218,886  

SCB X PCL, NVDR

     58,500        182,775  

TMBThanachart Bank PCL, NVDR

     3,955,600        197,306  
     

 

 

 
Total Thailand

 

     3,008,516  
Turkey – 4.6%

 

Akbank TAS

     163,789        236,834  

Aselsan Elektronik Sanayi ve Ticaret AS

     380,095        659,104  

BIM Birlesik Magazalar AS

     44,407        495,516  

Ford Otomotiv Sanayi AS

     31,634        1,106,877  

Haci Omer Sabanci Holding AS(a)

     158,687        404,663  

KOC Holding AS*

     83,731        515,554  

Tofas Turk Otomobil Fabrikasi AS(a)

     19,773        169,298  

Turkcell Iletisim Hizmetleri AS(a)

     278,595        582,990  

Turkiye Is Bankasi AS, Class C

     496,028        174,634  

Turkiye Petrol Rafinerileri AS

     162,008        886,357  

Turkiye Sise ve Cam Fabrikalari AS

     308,972        441,607  

Yapi ve Kredi Bankasi AS*

     676,131        571,384  
     

 

 

 
Total Turkey

 

     6,244,818  

TOTAL COMMON STOCKS

(Cost: $105,457,038)

 

 

     131,910,352  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2024

 

 

 

Investments    Shares      Value  
PREFERRED STOCKS – 3.1%

 

Brazil – 1.4%

 

Cia Energetica de Minas Gerais

     139,408      $ 349,805  

Gerdau SA

     43,877        194,598  

Itau Unibanco Holding SA

     67,102        464,367  

Itausa SA

     224,215        470,329  

Petroleo Brasileiro SA

     60,994        455,242  
     

 

 

 
Total Brazil

 

     1,934,341  
South Korea – 1.7%

 

Hyundai Motor Co.

     10,322        1,186,794  

Samsung Electronics Co. Ltd.

     22,649        1,144,016  
     

 

 

 
Total South Korea               2,330,810  

TOTAL PREFERRED STOCKS

(Cost: $3,544,274)

              4,265,151  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4%

 

United States – 0.4%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.34%(d)

     
(Cost: $519,173)      519,173        519,173  

TOTAL INVESTMENTS IN SECURITIES – 101.2%

(Cost: $109,520,485)

        136,694,676  

Other Assets less Liabilities – (1.2)%

        (1,646,708
     

 

 

 
NET ASSETS – 100.0%             $ 135,047,968  

 

* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,281,054 and the total market value of the collateral held by the Fund was $2,427,998. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,908,825.

 

(b) 

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

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

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

JP Morgan Chase Bank NA

    4/1/2024       808,982       BRL       162,551       USD     $     $ (934

JP Morgan Chase Bank NA

    4/1/2024       812,993       BRL       163,356       USD             (938

State Street Bank and Trust

    4/1/2024       80,525,379       CLP       82,105       USD             (7

State Street Bank and Trust

    4/2/2024       3,358,550       PHP       59,729       USD       16        

State Street Bank and Trust

    4/2/2024       3,358,550       PHP       59,729       USD       16        
                                            $ 32     $ (1,879

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Schedule of Investments (concluded)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2024

 

FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

           

Russia

   $      $      $ 0 *     $ 0  

Other

     131,910,352                      131,910,352  

Preferred Stocks

     4,265,151                      4,265,151  

Investment of Cash Collateral for Securities Loaned

            519,173               519,173  

Total Investments in Securities

   $ 136,175,503      $ 519,173      $ 0      $ 136,694,676  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 32      $      $ 32  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (1,879    $      $ (1,879

Total – Net

   $ 136,175,503      $ 517,326      $ 0      $ 136,692,829  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Schedule of Investments

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
Brazil – 6.5%      

AES Brasil Energia SA*

     264,205      $ 538,381  

Allos SA

     1,595,262        7,623,272  

Alupar Investimento SA

     810,163        4,946,226  

Arezzo Industria & Comercio SA

     189,973        2,439,205  

Auren Energia SA

     5,513,199        13,106,865  

Blau Farmaceutica SA

     159,468        396,635  

Cia de Saneamento de Minas Gerais Copasa MG

     3,076,052        13,384,426  

Cia de Sanena do Parana

     3,196,250        16,621,228  

Cielo SA

     10,253,677        11,061,693  

CM Hospitalar SA*

     234,775        288,453  

Cury Construtora & Incorporadora SA

     158,318        643,956  

Cyrela Brazil Realty SA Empreendimentos & Participacoes

     801,264        3,992,273  

Dexco SA

     1,893,535        2,905,245  

Direcional Engenharia SA

     786,832        4,028,829  

Even Construtora & Incorporadora SA

     424,360        712,134  

Fleury SA

     755,992        2,265,461  

Grendene SA

     3,840,880        5,072,013  

Grupo De Moda Soma SA

     953,348        1,449,387  

Grupo SBF SA

     144,768        374,533  

Iguatemi SA

     259,102        1,206,594  

Irani Papel & Embalagem SA

     726,706        1,337,108  

Jalles Machado SA

     561,563        886,286  

JHSF Participacoes SA

     2,367,284        2,307,907  

Kepler Weber SA

     1,779,139        3,756,930  

Lavvi Empreendimentos Imobiliarios SA

     618,837        1,175,723  

LOG Commercial Properties & Participacoes SA

     170,629        778,569  

Lojas Renner SA

     6,306,730        21,393,908  

LWSA SA(a)

     311,670        363,627  

M Dias Branco SA

     74,692        569,716  

Mahle Metal Leve SA

     745,671        5,149,853  

Mills Locacao Servicos & Logistica SA

     318,023        858,345  

Minerva SA

     1,788,138        2,411,310  

Movida Participacoes SA

     365,459        620,591  

Multiplan Empreendimentos Imobiliarios SA

     1,046,015        5,347,569  

Odontoprev SA

     880,667        2,139,407  

Petroreconcavo SA

     779,119        3,665,582  

Porto Seguro SA

     707,937        4,423,943  

Romi SA

     225,273        602,162  

Santos Brasil Participacoes SA

     933,763        2,484,786  

Sao Martinho SA

     1,082,954        6,713,361  

Simpar SA

     613,185        910,183  

SLC Agricola SA

     1,685,815        6,661,690  

Tegma Gestao Logistica SA

     130,187        720,176  

Tres Tentos Agroindustrial SA

     114,290        240,200  

Tupy SA

     261,552        1,454,184  

United Parks & Resorts, Inc.

     131,155        453,817  

Vamos Locacao de Caminhoes Maquinas & Equipamentos SA

     1,472,339        2,456,080  

Vivara Participacoes SA

     179,966        913,214  

Wilson Sons SA

     1,028,690      3,676,572  

YDUQS Participacoes SA

     330,419        1,195,451  
     

 

 

 
Total Brazil               178,725,059  
Chile – 1.7%      

Aguas Andinas SA, Class A

     25,307,009        7,379,115  

Banco Itau Chile SA

     548,261        5,652,256  

Cencosud Shopping SA

     3,458,904        5,289,653  

Cia Cervecerias Unidas SA

     439,551        2,606,788  

Colbun SA

     72,709,496        9,410,685  

Empresa Nacional de Telecomunicaciones SA

     896,455        2,980,323  

Inversiones Aguas Metropolitanas SA

     2,744,325        2,057,411  

Parque Arauco SA

     1,436,310        2,116,429  

Plaza SA*

     718,394        985,544  

SMU SA

     32,546,993        5,639,355  

Vina Concha y Toro SA

     2,799,054        3,385,918  
     

 

 

 
Total Chile               47,503,477  
China – 8.8%      

3SBio, Inc.(a)

     2,176,000        1,662,629  

AIMA Technology Group Co. Ltd., Class A

     78,300        336,369  

AK Medical Holdings Ltd.(a)(b)

     534,000        335,692  

Anhui Expressway Co. Ltd., Class H

     3,972,000        4,400,110  

AsiaInfo Technologies Ltd.(a)(b)

     1,662,800        1,523,331  

Autobio Diagnostics Co. Ltd., Class A

     162,600        1,275,198  

BAIC Motor Corp. Ltd., Class H(a)

     22,940,500        6,272,661  

Bank of Chongqing Co. Ltd., Class H(b)

     3,261,000        1,795,822  

Bank of Suzhou Co. Ltd., Class A

     648,200        639,236  

Beijing Jingneng Clean Energy Co. Ltd., Class H(b)

     15,296,000        3,400,653  

Beijing United Information Technology Co. Ltd., Class A

     172,645        528,369  

Chervon Holdings Ltd.(b)

     327,000        821,422  

China Baoan Group Co. Ltd., Class A

     257,500        375,943  

China Chunlai Education Group Co. Ltd.(b)(c)

     487,000        299,924  

China Cinda Asset Management Co. Ltd., Class H

     66,380,000        5,512,972  

China Communications Services Corp. Ltd., Class H

     15,760,000        7,349,948  

China Datang Corp. Renewable Power Co. Ltd., Class H(b)

     6,999,000        1,439,783  

China East Education Holdings Ltd.(a)(b)

     3,795,500        1,163,899  

China Kepei Education Group Ltd.(c)

     1,722,000        334,435  

China National Medicines Corp. Ltd., Class A

     66,800        303,620  

China Nonferrous Mining Corp. Ltd.(b)

     5,357,000        4,476,459  

China Railway Construction Heavy Industry Corp. Ltd., Class A

     427,425        228,418  

China Resources Medical Holdings Co. Ltd.

     748,500        374,898  

China Risun Group Ltd.(b)(c)

     2,669,000        1,036,710  

China Suntien Green Energy Corp. Ltd., Class H

     15,572,000        5,889,403  

CIMC Enric Holdings Ltd.

     2,388,000        2,428,749  

DaShenLin Pharmaceutical Group Co. Ltd., Class A

     97,800        287,457  

Easyhome New Retail Group Co. Ltd., Class A

     1,468,600        578,508  

Ecovacs Robotics Co. Ltd., Class A

     42,200        207,152  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  

EEKA Fashion Holdings Ltd.(b)

     1,062,000      $ 1,812,868  

Fu Shou Yuan International Group Ltd.

     6,055,000        3,744,507  

Fufeng Group Ltd.(b)

     11,745,000        7,608,450  

Fujian Funeng Co. Ltd., Class A

     1,017,000        1,474,989  

G-bits Network Technology Xiamen Co. Ltd., Class A

     58,478        1,536,534  

Giant Network Group Co. Ltd., Class A

     1,418,500        2,334,730  

GoodWe Technologies Co. Ltd., Class A

     47,682        660,221  

Greentown Management Holdings Co. Ltd.(a)

     3,748,000        3,084,044  

Guangzhou Haige Communications Group, Inc. Co., Class A

     1,086,200        1,668,108  

Han’s Laser Technology Industry Group Co. Ltd., Class A

     303,200        780,927  

Hangcha Group Co. Ltd., Class A

     70,200        265,121  

Hangzhou Robam Appliances Co. Ltd., Class A

     79,800        262,908  

Heilongjiang Agriculture Co. Ltd., Class A

     559,200        948,123  

Hengdian Group DMEGC Magnetics Co. Ltd., Class A

     855,500        1,709,727  

Hesteel Co. Ltd., Class A

     3,608,400        1,058,604  

Hoyuan Green Energy Co. Ltd., Class A

     772,100        2,562,890  

Huaan Securities Co. Ltd., Class A

     439,100        277,598  

Huaxi Securities Co. Ltd., Class A

     728,500        741,504  

Huaxin Cement Co. Ltd., Class H

     1,757,700        1,536,159  

Hubei Feilihua Quartz Glass Co. Ltd., Class A

     79,800        325,337  

Hubei Jumpcan Pharmaceutical Co. Ltd., Class A

     558,900        2,881,333  

Hubei Xingfa Chemicals Group Co. Ltd., Class A

     1,855,200        4,676,073  

IKD Co. Ltd., Class A

     179,500        477,899  

Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd., Class A

     1,767,400        1,119,779  

Inner Mongolia Yuan Xing Energy Co. Ltd., Class A

     2,580,380        2,025,807  

iRay Technology Co. Ltd., Class A

     34,137        1,031,247  

Jiangsu Nhwa Pharmaceutical Co. Ltd., Class A

     210,400        649,132  

Jiangsu Phoenix Publishing & Media Corp. Ltd., Class A

     454,300        686,418  

Jiangsu Yangnong Chemical Co. Ltd., Class A

     167,100        1,179,762  

Jizhong Energy Resources Co. Ltd., Class A

     5,710,500        6,001,200  

Joincare Pharmaceutical Group Industry Co. Ltd., Class A

     665,000        997,445  

Kangji Medical Holdings Ltd.(b)

     1,198,500        1,035,190  

Keda Industrial Group Co. Ltd., Class A

     3,151,800        4,571,161  

Legend Holdings Corp., Class H(a)

     1,351,400        1,027,392  

Lonking Holdings Ltd.

     14,716,000        2,688,815  

Luxi Chemical Group Co. Ltd., Class A

     2,751,600        3,600,380  

Medlive Technology Co. Ltd.(a)(b)

     479,500        462,563  

Meihua Holdings Group Co. Ltd., Class A

     440,600        625,059  

Meitu, Inc.(a)(b)

     1,598,000        669,708  

Minth Group Ltd.

     2,254,000        3,559,652  

Nanjing Iron & Steel Co. Ltd., Class A

     12,203,500        7,916,711  

NetDragon Websoft Holdings Ltd.

     1,371,000        1,919,920  

Ningbo Orient Wires & Cables Co. Ltd., Class A

     127,600      778,212  

Ningbo Sanxing Medical Electric Co. Ltd., Class A

     1,091,500        4,284,578  

Onewo, Inc., Class H(b)

     239,500        601,623  

Ovctek China, Inc., Class A

     129,900        325,448  

Pingdingshan Tianan Coal Mining Co. Ltd., Class A

     5,292,500        8,944,270  

Poly Property Services Co. Ltd., Class H(b)(c)

     452,600        1,538,266  

Powerlong Commercial Management Holdings Ltd.(c)

     1,687,500        528,257  

Pylon Technologies Co. Ltd., Class A

     86,068        1,041,057  

Risen Energy Co. Ltd., Class A

     321,700        650,454  

S-Enjoy Service Group Co. Ltd.

     1,039,000        298,699  

SciClone Pharmaceuticals Holdings Ltd.(a)(b)

     996,000        2,041,263  

Shandong Sinocera Functional Material Co. Ltd., Class A

     133,100        314,949  

Shanghai Chicmax Cosmetic Co. Ltd.

     133,300        853,303  

Shanghai Construction Group Co. Ltd., Class A

     3,932,000        1,267,269  

Shanghai Daimay Automotive Interior Co. Ltd., Class A

     253,200        397,565  

Shanghai Lingang Holdings Corp. Ltd., Class A

     890,400        1,200,625  

Shenzhen Expressway Corp. Ltd., Class H

     5,430,000        4,745,600  

Shenzhen MTC Co. Ltd., Class A

     268,200        185,070  

Shenzhen Pagoda Industrial Group Corp. Ltd.

     1,221,500        511,920  

Shenzhen Sunlord Electronics Co. Ltd., Class A

     213,000        782,717  

Shenzhen YUTO Packaging Technology Co. Ltd., Class A

     510,600        1,743,399  

Simcere Pharmaceutical Group Ltd.(a)(b)

     2,395,000        1,624,932  

Sinomine Resource Group Co. Ltd., Class A

     689,500        3,487,196  

Sun Art Retail Group Ltd.(b)

     6,331,500        1,262,020  

Sunac Services Holdings Ltd.(a)(b)

     13,424,000        3,190,289  

SY Holdings Group Ltd.(b)(c)

     590,000        315,865  

TangShan Port Group Co. Ltd., Class A

     7,488,410        4,218,445  

Tasly Pharmaceutical Group Co. Ltd., Class A

     112,600        249,847  

Tian Di Science & Technology Co. Ltd., Class A

     4,843,594        4,696,560  

Tian Lun Gas Holdings Ltd.(b)

     1,253,500        807,217  

Tong Ren Tang Technologies Co. Ltd., Class H

     1,861,888        1,158,558  

Venustech Group, Inc., Class A

     231,900        663,721  

Weihai Guangwei Composites Co. Ltd., Class A

     397,700        1,665,209  

Winner Medical Co. Ltd., Class A

     452,300        2,143,011  

Wuchan Zhongda Group Co. Ltd., Class A

     719,200        436,845  

Xiamen Faratronic Co. Ltd., Class A

     125,600        1,710,557  

Xiamen Tungsten Co. Ltd., Class A

     851,100        2,287,059  

Yangtze Optical Fibre & Cable Joint Stock Co. Ltd., Class H(a)(b)

     917,500        1,042,181  

Yihai International Holding Ltd.(b)

     790,000        1,495,927  

YongXing Special Materials Technology Co. Ltd., Class A

     1,571,260        10,329,491  

Yunda Holding Co. Ltd., Class A

     373,900        375,939  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Yunnan Chihong Zinc & Germanium Co. Ltd., Class A

     3,447,600      $ 2,692,399  

Yunnan Copper Co. Ltd., Class A

     3,327,900        6,096,230  

Yunnan Tin Co. Ltd., Class A

     356,600        740,174  

Zhejiang Dingli Machinery Co. Ltd., Class A

     104,900        827,884  

Zhejiang Expressway Co. Ltd., Class H

     12,600,000        8,081,825  

Zhejiang Hailiang Co. Ltd., Class A

     566,100        728,248  

Zhejiang Huahai Pharmaceutical Co. Ltd., Class A

     894,000        1,588,425  

Zhejiang Jiuzhou Pharmaceutical Co. Ltd., Class A

     574,633        1,411,177  

Zhengzhou Coal Mining Machinery Group Co. Ltd., Class H

     2,001,000        2,403,312  

Zhou Hei Ya International Holdings Co. Ltd.(a)(b)

     4,360,500        963,868  
     

 

 

 
Total China               241,204,720  
Czech Republic – 0.2%      

Moneta Money Bank AS(a)

     1,475,745        6,429,163  
Hungary – 0.1%      

Magyar Telekom Telecommunications PLC

     1,405,458        3,455,364  
India – 10.1%      

360 ONE WAM Ltd.

     150,269        1,217,251  

Aarti Industries Ltd.

     116,085        926,356  

Aegis Logistics Ltd.

     214,522        1,148,841  

Ajanta Pharma Ltd.

     41,080        1,098,808  

Alembic Pharmaceuticals Ltd.

     93,125        1,099,601  

Alkyl Amines Chemicals

     3,436        74,731  

Allcargo Logistics Ltd.*

     359,456        308,588  

Anand Rathi Wealth Ltd.

     19,454        861,723  

Angel One Ltd.

     152,387        5,563,603  

Apar Industries Ltd.

     38,568        3,227,268  

Apollo Tyres Ltd.

     625,552        3,498,561  

Arvind Ltd.

     846,377        2,744,554  

Asahi India Glass Ltd.

     34,868        224,231  

Atul Ltd.

     7,211        496,325  

Avanti Feeds Ltd.

     91,521        531,387  

Bajaj Consumer Care Ltd.

     377,054        958,656  

Bajaj Electricals Ltd.

     23,222        252,720  

Balrampur Chini Mills Ltd.

     66,520        288,683  

Bata India Ltd.

     108,072        1,767,715  

BEML Ltd.

     34,216        1,306,118  

Birlasoft Ltd.

     183,966        1,636,675  

Blue Dart Express Ltd.

     3,139        232,744  

Blue Star Ltd.

     129,356        1,975,489  

Brigade Enterprises Ltd.

     72,687        815,133  

Carborundum Universal Ltd.

     55,537        844,583  

Care Ratings Ltd.

     117,361        1,575,179  

Castrol India Ltd.

     3,855,876        8,596,866  

CCL Products India Ltd.

     93,400        656,580  

Ceat Ltd.

     14,316        460,433  

Century Textiles & Industries Ltd.

     31,145        608,654  

Cera Sanitaryware Ltd.

     6,262        509,242  

CESC Ltd.

     3,614,478        5,272,039  

Chambal Fertilisers & Chemicals Ltd.

     515,616      2,114,333  

Chennai Petroleum Corp. Ltd.

     444,230        4,829,924  

CIE Automotive India Ltd.

     62,791        347,674  

City Union Bank Ltd.

     224,690        364,100  

Clean Science & Technology Ltd.

     16,678        265,830  

CMS Info Systems Ltd.

     177,916        833,343  

Cochin Shipyard Ltd.(a)

     120,135        1,255,762  

Coforge Ltd.

     139,880        9,228,533  

Computer Age Management Services Ltd.

     91,531        3,199,812  

CRISIL Ltd.

     50,143        3,046,968  

Crompton Greaves Consumer Electricals Ltd.

     708,774        2,273,278  

Cyient Ltd.

     232,409        5,563,019  

DB Corp. Ltd.

     177,707        561,017  

DCM Shriram Ltd.

     48,751        499,332  

Deepak Fertilisers & Petrochemicals Corp. Ltd.

     117,165        708,167  

Dr. Lal PathLabs Ltd.(a)

     16,445        446,180  

EID Parry India Ltd.

     163,350        1,068,794  

EIH Ltd.

     194,329        1,047,341  

Elgi Equipments Ltd.

     92,198        665,154  

Emami Ltd.

     486,399        2,503,947  

Endurance Technologies Ltd.(a)

     27,122        594,130  

Engineers India Ltd.

     1,067,093        2,583,849  

EPL Ltd.

     362,480        779,265  

Equitas Small Finance Bank Ltd.(a)

     1,002,828        1,112,817  

Exide Industries Ltd.

     478,902        1,748,744  

Finolex Cables Ltd.

     60,195        722,463  

Finolex Industries Ltd.

     272,861        806,290  

Firstsource Solutions Ltd.

     754,606        1,788,290  

Galaxy Surfactants Ltd.(c)

     14,988        408,159  

Garden Reach Shipbuilders & Engineers Ltd.

     23,846        218,639  

GHCL Ltd.

     369,038        1,961,285  

Glenmark Life Sciences Ltd.

     176,006        1,638,980  

Glenmark Pharmaceuticals Ltd.

     61,057        701,659  

Godawari Power & Ispat Ltd.

     65,576        595,434  

Godfrey Phillips India Ltd.

     41,734        1,545,813  

Godrej Agrovet Ltd.(a)

     145,411        849,077  

Graphite India Ltd.

     133,041        962,764  

Great Eastern Shipping Co. Ltd.

     538,892        6,469,418  

Grindwell Norton Ltd.

     46,022        1,048,956  

Gujarat Alkalies & Chemicals Ltd.

     68,490        553,036  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     484,535        3,631,580  

Gujarat Pipavav Port Ltd.

     2,180,805        5,557,748  

Gujarat State Petronet Ltd.

     546,111        2,334,325  

Happiest Minds Technologies Ltd.

     41,463        370,074  

HEG Ltd.

     122,969        2,718,875  

Hindustan Copper Ltd.

     386,911        1,289,897  

ICICI Securities Ltd.(a)

     397,205        3,465,438  

IndiaMart InterMesh Ltd.(a)

     16,640        527,805  

Indian Energy Exchange Ltd.(a)

     397,121        639,708  

Ingersoll Rand India Ltd.

     23,546        1,039,028  

Ipca Laboratories Ltd.

     60,267        894,150  

IRB Infrastructure Developers Ltd.

     1,786,270        1,253,992  

Jammu & Kashmir Bank Ltd.

     222,004        357,219  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Jamna Auto Industries Ltd.

     632,256      $ 1,002,558  

JB Chemicals & Pharmaceuticals Ltd.

     67,250        1,330,768  

Jindal Saw Ltd.

     170,427        884,191  

JK Cement Ltd.

     25,399        1,241,331  

JK Lakshmi Cement Ltd.

     44,268        464,800  

JK Paper Ltd.

     259,913        1,004,873  

JK Tyre & Industries Ltd.

     81,019        419,703  

Jubilant Ingrevia Ltd.

     82,457        447,568  

Jyothy Labs Ltd.

     221,379        1,167,779  

Kajaria Ceramics Ltd.

     76,474        1,058,913  

Kalpataru Projects International Ltd.

     116,916        1,499,746  

Karnataka Bank Ltd.

     577,915        1,559,769  

Karur Vysya Bank Ltd.

     1,001,342        2,193,522  

KEC International Ltd.

     58,828        489,690  

Kirloskar Ferrous Industries Ltd.

     76,989        502,767  

Kirloskar Oil Engines Ltd.

     85,119        877,138  

KPIT Technologies Ltd.

     97,119        1,730,856  

KSB Ltd.

     9,413        435,186  

LA Opala RG Ltd.

     73,842        263,707  

Laurus Labs Ltd.(a)

     210,194        988,815  

Mahanagar Gas Ltd.(c)

     211,515        3,459,333  

Maharashtra Seamless Ltd.

     55,695        565,047  

Mastek Ltd.

     17,528        534,441  

Mindspace Business Parks REIT(a)

     778,368        3,223,411  

Mishra Dhatu Nigam Ltd.(a)

     48,612        229,793  

Multi Commodity Exchange of India Ltd.

     25,731        1,033,405  

Narayana Hrudayalaya Ltd.(c)

     24,051        370,213  

Natco Pharma Ltd.

     156,426        1,785,622  

National Aluminium Co. Ltd.

     4,428,899        8,100,819  

Nava Ltd.

     359,504        2,093,380  

Navin Fluorine International Ltd.

     14,862        554,956  

Navneet Education Ltd.

     269,404        444,956  

NBCC India Ltd.

     969,502        1,382,138  

NCC Ltd.

     886,053        2,468,444  

New India Assurance Co. Ltd.(a)

     398,842        1,086,023  

Nippon Life India Asset Management Ltd.(a)

     932,533        5,267,983  

NLC India Ltd.

     1,017,847        2,783,740  

NOCIL Ltd.

     127,526        382,414  

Oil India Ltd.

     3,700,286        26,631,056  

PCBL Ltd.

     612,913        1,967,289  

Polyplex Corp. Ltd.

     79,192        727,044  

Praj Industries Ltd.

     126,022        805,293  

Prestige Estates Projects Ltd.

     47,314        663,738  

Quess Corp. Ltd.(a)

     199,556        1,245,154  

Railtel Corp. of India Ltd.

     124,095        541,225  

Rallis India Ltd.

     119,747        359,661  

Ramco Cements Ltd.

     32,063        311,605  

Rashtriya Chemicals & Fertilizers Ltd.

     491,077        755,141  

Ratnamani Metals & Tubes Ltd.

     24,289        813,744  

RBL Bank Ltd.(a)

     286,952        826,769  

Redington Ltd.

     3,024,112        7,558,240  

Relaxo Footwears Ltd.

     105,361        1,032,482  

RITES Ltd.

     322,812        2,569,259  

Sharda Cropchem Ltd.

     34,232        131,814  

SJVN Ltd.

     1,385,920      2,017,334  

SKF India Ltd.

     28,572        1,424,669  

Sonata Software Ltd.

     330,678        2,864,006  

South Indian Bank Ltd.

     1,926,609        629,479  

Sula Vineyards Ltd.

     64,631        427,296  

Sumitomo Chemical India Ltd.

     48,046        200,330  

Sun TV Network Ltd.

     367,755        2,646,742  

Sundram Fasteners Ltd.

     95,226        1,248,633  

Supreme Petrochem Ltd.

     122,854        919,831  

Tamilnad Mercantile Bank Ltd.

     308,542        1,796,445  

Tanla Platforms Ltd.

     29,866        293,530  

Tata Chemicals Ltd.

     453,072        5,871,833  

Techno Electric & Engineering Co. Ltd.

     53,727        497,153  

Thyrocare Technologies Ltd.(a)

     51,202        362,179  

Transport Corp. of India Ltd.

     39,622        385,567  

Triveni Engineering & Industries Ltd.

     106,083        395,701  

TTK Prestige Ltd.

     17,365        139,769  

Ujjivan Small Finance Bank Ltd.(a)

     1,833,793        974,036  

Usha Martin Ltd.

     231,302        882,610  

UTI Asset Management Co. Ltd.

     247,783        2,415,366  

V-Guard Industries Ltd.

     88,703        352,408  

Vaibhav Global Ltd.

     67,426        294,515  

Vardhman Textiles Ltd.

     132,601        703,209  

Vinati Organics Ltd.

     12,452        219,561  

VIP Industries Ltd.

     86,597        545,628  

VRL Logistics Ltd.

     28,377        187,252  

Welspun Corp. Ltd.

     176,306        1,089,513  

West Coast Paper Mills Ltd.

     68,911        488,394  

Whirlpool of India Ltd.

     10,914        159,838  

Zensar Technologies Ltd.

     182,260        1,325,935  
     

 

 

 
Total India               276,798,826  
Indonesia – 3.0%      

ABM Investama Tbk. PT

     6,229,300        1,496,918  

Ace Hardware Indonesia Tbk. PT

     31,417,500        1,743,765  

AKR Corporindo Tbk. PT

     57,839,425        6,274,602  

Aneka Tambang Tbk. PT

     41,445,700        4,182,474  

Astra Agro Lestari Tbk. PT

     1,100,700        479,018  

Astra Otoparts Tbk. PT

     5,808,700        816,992  

Bank BTPN Syariah Tbk. PT

     12,993,100        1,110,416  

Bank CIMB Niaga Tbk. PT

     23,066,000        3,171,484  

Bank Tabungan Negara Persero Tbk. PT

     19,903,800        1,952,091  

Blue Bird Tbk. PT

     3,503,200        386,667  

Bukit Asam Tbk. PT

     53,026,600        9,933,081  

Ciputra Development Tbk. PT

     15,376,100        1,260,733  

Dharma Satya Nusantara Tbk. PT

     19,205,600        787,363  

Erajaya Swasembada Tbk. PT

     29,678,800        804,912  

Harum Energy Tbk. PT*

     12,079,700        1,028,546  

Impack Pratama Industri Tbk. PT

     96,170,300        2,329,196  

Indo Tambangraya Megah Tbk. PT

     5,513,700        9,285,133  

Indocement Tunggal Prakarsa Tbk. PT

     3,622,300        1,999,062  

Industri Jamu Dan Farmasi Sido Muncul Tbk. PT

     47,719,170        1,866,029  

Japfa Comfeed Indonesia Tbk. PT

     22,063,600        1,655,988  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Jasa Marga Persero Tbk. PT

     4,392,300      $ 1,537,513  

Mayora Indah Tbk. PT

     7,955,200        1,274,438  

Medco Energi Internasional Tbk. PT

     12,124,600        1,093,546  

Mitra Adiperkasa Tbk. PT

     5,556,700        637,855  

Mitra Keluarga Karyasehat Tbk. PT(c)

     8,144,900        1,407,570  

Pabrik Kertas Tjiwi Kimia Tbk. PT

     379,200        170,407  

Pakuwon Jati Tbk. PT

     40,286,300        1,077,350  

Perusahaan Gas Negara Tbk. PT

     117,170,100        10,050,541  

Prodia Widyahusada Tbk. PT

     1,084,300        266,715  

Selamat Sempurna Tbk. PT

     16,105,300        2,001,100  

Semen Indonesia Persero Tbk. PT

     14,366,100        5,345,947  

Summarecon Agung Tbk. PT

     12,622,900        421,958  

Surya Esa Perkasa Tbk. PT*

     69,200,400        2,946,091  

XL Axiata Tbk. PT

     8,800,000        1,254,368  
     

 

 

 
Total Indonesia               82,049,869  
Malaysia – 4.3%      

Alliance Bank Malaysia Bhd.

     2,210,600        1,723,455  

AMMB Holdings Bhd.

     11,836,900        10,478,895  

Astro Malaysia Holdings Bhd.

     21,007,500        1,353,748  

Bank Islam Malaysia Bhd.

     6,443,900        3,417,323  

Bermaz Auto Bhd.

     8,280,200        4,181,212  

British American Tobacco Malaysia Bhd.

     1,147,300        1,963,476  

Cahya Mata Sarawak Bhd.

     2,433,600        478,185  

Carlsberg Brewery Malaysia Bhd., Class B

     465,800        1,820,685  

CTOS Digital Bhd.

     3,425,100        955,236  

Dayang Enterprise Holdings Bhd.

     1,303,500        663,730  

Dialog Group Bhd.

     6,804,500        3,292,268  

Fraser & Neave Holdings Bhd.

     549,100        3,394,605  

Gamuda Bhd.

     7,770,512        8,652,144  

Gas Malaysia Bhd.

     3,914,100        2,869,623  

HAP Seng Consolidated Bhd.

     4,532,900        4,281,019  

Heineken Malaysia Bhd.

     834,100        4,109,700  

Hibiscus Petroleum Bhd.

     1,782,860        975,620  

IJM Corp. Bhd.

     8,460,900        4,343,965  

Inari Amertron Bhd.

     10,269,075        7,008,052  

KPJ Healthcare Bhd.

     11,475,300        4,655,097  

Malaysia Airports Holdings Bhd.

     1,119,100        2,355,004  

Malaysia Building Society Bhd.*

     30,575,828        5,168,110  

Malaysian Pacific Industries Bhd.

     133,100        871,773  

Malaysian Resources Corp. Bhd.

     4,849,100        691,558  

My EG Services Bhd.

     9,943,143        1,659,641  

QL Resources Bhd.

     2,541,700        3,168,398  

SP Setia Bhd. Group

     3,649,100        1,133,357  

Sunway Bhd.

     6,076,600        4,493,577  

TIME dotCom Bhd.

     6,664,200        7,293,589  

TSH Resources Bhd.

     9,674,000        2,309,660  

United Plantations Bhd.

     965,800        4,893,278  

VS Industry Bhd.

     6,153,850        1,144,177  

Yinson Holdings Bhd.

     816,300        407,029  

YTL Corp. Bhd.

     23,388,900        12,996,579  
     

 

 

 
Total Malaysia               119,203,768  
Mexico – 4.4%      

Banco del Bajio SA(a)(b)

     6,764,494        26,371,424  

Bolsa Mexicana de Valores SAB de CV(b)

     5,633,511      12,546,969  

Corp. Inmobiliaria Vesta SAB de CV(b)

     3,912,901        15,270,948  

GCC SAB de CV(b)

     222,516        2,645,413  

Genomma Lab Internacional SAB de CV, Class B(b)

     2,505,291        2,378,419  

Gentera SAB de CV(b)

     7,305,443        12,504,090  

La Comer SAB de CV(b)

     388,128        910,207  

Megacable Holdings SAB de CV, Series CPO(b)

     2,704,055        7,519,149  

Operadora De Sites Mexicanos SAB de CV(b)

     3,730,876        4,534,041  

Promotora y Operadora de Infraestructura SAB de CV(b)

     1,573,134        16,658,133  

Qualitas Controladora SAB de CV(b)

     1,289,433        15,006,892  

Regional SAB de CV(b)

     457,517        4,505,600  
     

 

 

 
Total Mexico               120,851,285  
Philippines – 0.3%      

Century Pacific Food, Inc.

     775,800        552,024  

GT Capital Holdings, Inc.

     82,580        1,034,178  

Megaworld Corp.

     36,383,000        1,242,646  

Robinsons Land Corp.

     3,692,326        1,095,579  

Semirara Mining & Power Corp.

     6,547,700        4,065,014  

Wilcon Depot, Inc.*

     2,636,000        833,729  
     

 

 

 
Total Philippines               8,823,170  
Poland – 1.2%      

Asseco Poland SA

     276,035        5,364,607  

Budimex SA

     83,390        14,638,079  

CD Projekt SA(b)

     71,661        2,100,726  

Eurocash SA

     260,118        928,213  

Orange Polska SA

     3,181,659        6,464,247  

Warsaw Stock Exchange

     211,485        2,245,445  
     

 

 

 
Total Poland               31,741,317  
Saudi Arabia – 3.6%      

Al Hammadi Holding

     233,488        3,610,800  

Al Masane Al Kobra Mining Co.

     50,574        745,698  

Al Moammar Information Systems Co.

     34,917        1,344,358  

Al-Dawaa Medical Services Co.

     82,367        2,044,625  

Alamar Foods

     28,556        698,958  

Alandalus Property Co.

     108,788        791,871  

Alaseel Co.

     754,929        954,103  

Aldrees Petroleum & Transport Services Co.

     61,342        2,698,688  

AlKhorayef Water & Power Technologies Co.*

     19,964        1,160,419  

Almunajem Foods Co.

     64,690        1,849,025  

AlSaif Stores for Development & Investment Co.

     665,546        2,015,892  

Arabian Cement Co.

     292,640        2,477,355  

Arabian Centres Co. Ltd.

     1,565,250        10,391,874  

Arabian Contracting Services Co.

     30,928        1,885,120  

Arriyadh Development Co.

     216,252        1,354,999  

Astra Industrial Group

     111,828        5,695,013  

Ataa Educational Co.

     21,172        409,271  

Bawan Co.

     138,066        1,732,037  

Catrion Catering Holding Co.

     102,898        3,473,373  

City Cement Co.

     396,336        2,168,461  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  

East Pipes Integrated Co. for Industry

     16,779      $ 572,647  

Electrical Industries Co.

     2,163,462        2,538,124  

Hail Cement Co.

     219,532        661,435  

Leejam Sports Co. JSC

     69,863        4,064,553  

Maharah Human Resources Co.

     738,431        1,336,874  

Middle East Paper Co.

     50,464        546,957  

National Co. for Learning & Education

     16,250        569,324  

National Medical Care Co.

     22,105        1,095,083  

Northern Region Cement Co.

     398,579        1,069,112  

Qassim Cement Co.

     105,666        1,650,987  

Retal Urban Development Co.

     378,104        958,744  

Riyadh Cables Group Co.

     86,433        2,272,309  

Saudi Automotive Services Co.

     48,578        1,005,107  

Saudi Cement Co.

     488,752        6,072,749  

Saudi Chemical Co. Holding

     556,560        1,017,998  

Saudia Dairy & Foodstuff Co.

     46,903        4,627,146  

Southern Province Cement Co.

     129,525        1,355,514  

Sustained Infrastructure Holding Co.

     152,526        1,581,992  

Tanmiah Food Co.

     27,177        1,021,719  

Theeb Rent A Car Co.

     84,752        1,559,229  

United Electronics Co.

     194,958        4,938,278  

United International Transportation Co.

     121,497        2,811,876  

Yamama Cement Co.

     325,291        2,862,179  

Yanbu Cement Co.

     560,142        4,428,266  
     

 

 

 
Total Saudi Arabia               98,120,142  
South Africa – 8.6%      

AECI Ltd.

     768,416        3,771,016  

Afrimat Ltd.

     434,754        1,327,709  

AVI Ltd.

     2,416,117        11,655,544  

Barloworld Ltd.

     928,688        2,992,596  

Dis-Chem Pharmacies Ltd.(a)

     1,087,358        1,867,364  

DRDGOLD Ltd.

     2,435,721        2,054,180  

Foschini Group Ltd.

     1,305,511        6,863,218  

Grindrod Ltd.

     3,576,454        2,451,508  

Harmony Gold Mining Co. Ltd.

     606,198        5,058,306  

Hyprop Investments Ltd.(b)

     3,634,275        5,636,737  

Investec Ltd.

     1,878,875        12,395,688  

JSE Ltd.*

     708,154        3,305,872  

Life Healthcare Group Holdings Ltd.

     3,450,418        3,132,230  

Momentum Metropolitan Holdings

     8,469,337        9,088,226  

Motus Holdings Ltd.(b)

     1,321,499        6,104,943  

Mr. Price Group Ltd.

     1,712,641        15,719,804  

Netcare Ltd.

     6,785,912        4,260,848  

Northam Platinum Holdings Ltd.

     2,282,402        13,611,547  

Old Mutual Ltd.

     34,539,084        21,431,605  

Omnia Holdings Ltd.

     1,100,652        3,431,064  

OUTsurance Group Ltd.

     4,222,656        9,365,717  

PSG Financial Services Ltd.

     3,026,120        2,445,027  

Redefine Properties Ltd.

     84,709,093        17,669,862  

Resilient REIT Ltd.

     3,509,732        8,598,137  

Reunert Ltd.

     931,857        3,247,874  

Santam Ltd.(b)

     296,917        4,670,705  

Sappi Ltd.

     3,869,423        10,276,231  

Super Group Ltd.

     1,028,519      1,395,891  

Thungela Resources Ltd.

     1,822,631        11,731,059  

Tiger Brands Ltd.(b)

     1,152,204        12,205,194  

Truworths International Ltd.(b)

     4,926,144        19,856,760  
     

 

 

 
Total South Africa               237,622,462  
South Korea – 11.5%      

Aekyung Chemical Co. Ltd.

     86,163        828,189  

Aekyung Industrial Co. Ltd.

     15,934        210,678  

AfreecaTV Co. Ltd.

     8,521        744,974  

Ahnlab, Inc.

     11,517        573,177  

BGF retail Co. Ltd.

     33,276        2,909,255  

BH Co. Ltd.

     33,149        420,072  

BNK Financial Group, Inc.

     3,314,278        19,128,646  

Caregen Co. Ltd.

     71,980        1,219,048  

Cheil Worldwide, Inc.

     730,239        10,186,732  

Chong Kun Dang Pharmaceutical Corp.

     8,385        686,371  

CJ Corp.*

     50,627        4,881,251  

CJ Logistics Corp.

     6,992        596,755  

Classys, Inc.

     10,917        286,254  

Coway Co. Ltd.

     188,174        7,827,479  

Cuckoo Homesys Co. Ltd.

     41,402        698,106  

Daeduck Electronics Co. Ltd.

     61,408        1,119,826  

Daesang Corp.

     80,163        1,155,181  

Daishin Securities Co. Ltd.

     280,101        3,254,061  

DB HiTek Co. Ltd.

     109,264        3,510,246  

DGB Financial Group, Inc.

     1,509,757        9,588,429  

DN Automotive Corp.

     12,514        765,945  

DongKook Pharmaceutical Co. Ltd.

     18,742        232,213  

Dongsuh Cos., Inc.

     240,666        3,058,715  

Dongwon Systems Corp.

     7,275        232,368  

Doosan Bobcat, Inc.

     288,692        11,429,737  

Dreamtech Co. Ltd.

     47,188        380,308  

E-MART, Inc.*

     60,897        3,062,378  

Echo Marketing, Inc.

     46,079        462,074  

Ecopro HN Co. Ltd.

     10,485        613,718  

Eo Technics Co. Ltd.

     7,720        1,195,632  

Fila Holdings Corp.

     96,306        2,721,963  

GOLFZON Co. Ltd.

     19,851        1,248,936  

Green Cross Corp.

     6,779        610,802  

GS Holdings Corp.

     529,854        18,990,125  

GS Retail Co. Ltd.

     88,380        1,332,675  

HAESUNG DS Co. Ltd.

     20,856        811,777  

Hanil Cement Co. Ltd.

     145,474        1,329,122  

Hanjin Kal Corp.

     19,979        883,009  

Hankook & Co. Co. Ltd.

     173,153        2,056,614  

Hanmi Science Co. Ltd.

     25,108        714,307  

Hanmi Semiconductor Co. Ltd.

     22,442        2,228,780  

Hansae Co. Ltd.

     42,316        628,336  

Hansol Chemical Co. Ltd.

     11,948        1,814,942  

Hanwha Corp.

     183,216        3,681,332  

Hanwha Systems Co. Ltd.

     144,009        1,836,683  

Harim Holdings Co. Ltd.

     77,399        385,773  

HD Hyundai Construction Equipment Co. Ltd.

     35,918        1,544,774  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  

HD Hyundai Electric Co. Ltd.

     17,265      $ 2,300,718  

HD Hyundai Infracore Co. Ltd.

     352,380        2,206,547  

Hite Jinro Co. Ltd.

     174,302        2,641,234  

HK inno N Corp.

     10,675        293,786  

HL Mando Co. Ltd.

     40,375        998,691  

Hotel Shilla Co. Ltd.

     10,296        458,875  

Hyosung Advanced Materials Corp.

     11,449        2,908,492  

Hyundai Autoever Corp.

     5,132        548,938  

Hyundai Department Store Co. Ltd.

     32,617        1,250,167  

Hyundai Elevator Co. Ltd.

     29,441        897,718  

Hyundai Marine & Fire Insurance Co. Ltd.

     384,547        8,712,114  

Hyundai Steel Co.

     261,319        6,172,661  

Innocean Worldwide, Inc.

     156,984        2,518,741  

Innox Advanced Materials Co. Ltd.

     22,801        492,857  

ISC Co. Ltd.

     3,204        233,235  

JB Financial Group Co. Ltd.

     1,448,889        14,206,377  

Jusung Engineering Co. Ltd.

     28,577        777,974  

JW Pharmaceutical Corp.

     19,614        474,961  

JYP Entertainment Corp.

     17,006        910,776  

K Car Co. Ltd.

     85,459        828,405  

Kangwon Land, Inc.

     303,712        3,675,000  

KCC Glass Corp.

     56,764        1,711,880  

KEPCO Engineering & Construction Co., Inc.

     6,786        328,652  

KEPCO Plant Service & Engineering Co. Ltd.

     93,647        2,479,863  

KG Chemical Corp.

     64,210        281,403  

KG Dongbusteel

     77,125        401,021  

KIWOOM Securities Co. Ltd.

     48,334        4,369,358  

Koh Young Technology, Inc.

     60,117        852,913  

Kolmar Korea Co. Ltd.

     18,791        650,444  

Kolon Industries, Inc.

     56,661        1,574,092  

KoMiCo Ltd.

     15,118        837,737  

Korea Aerospace Industries Ltd.

     39,261        1,501,906  

Korea Electric Terminal Co. Ltd.

     10,380        482,665  

Korea Investment Holdings Co. Ltd.

     201,006        9,943,918  

Korean Reinsurance Co.

     852,517        5,256,001  

Kumho Petrochemical Co. Ltd.

     77,757        7,843,566  

Kyung Dong Navien Co. Ltd.

     7,903        311,717  

LEENO Industrial, Inc.

     21,561        4,091,986  

LIG Nex1 Co. Ltd.

     23,256        3,081,798  

Lotte Chilsung Beverage Co. Ltd.

     10,917        1,030,678  

Lotte Corp.

     257,329        5,189,588  

LOTTE Fine Chemical Co. Ltd.

     94,326        3,282,580  

Lotte Rental Co. Ltd.

     49,434        1,007,958  

Lotte Shopping Co. Ltd.

     59,665        3,199,861  

LS Corp.

     32,537        2,740,721  

LS Electric Co. Ltd.

     20,934        1,520,776  

LX Semicon Co. Ltd.

     66,348        3,913,115  

Mcnex Co. Ltd.

     27,414        517,226  

Medytox, Inc.

     2,265        244,797  

MegaStudyEdu Co. Ltd.

     34,021        1,394,956  

Mirae Asset Securities Co. Ltd.

     915,018        5,478,214  

NH Investment & Securities Co. Ltd.

     1,001,947        8,707,729  

NHN KCP Corp.

     68,457        629,525  

NICE Information Service Co. Ltd.

     146,532        1,094,976  

NongShim Co. Ltd.

     5,771      1,579,657  

Pan Ocean Co. Ltd.

     805,346        2,473,616  

Partron Co. Ltd.

     111,624        652,539  

PharmaResearch Co. Ltd.

     5,343        400,452  

Poongsan Corp.

     54,656        2,050,234  

PSK, Inc.

     50,430        1,131,280  

S-1 Corp.

     84,629        3,778,052  

Samsung Securities Co. Ltd.

     326,828        9,735,044  

Samyang Foods Co. Ltd.

     3,949        617,467  

SeAH Besteel Holdings Corp.

     76,407        1,294,024  

SFA Engineering Corp.

     28,324        534,395  

SGC Energy Co. Ltd.

     44,074        731,702  

Shinsegae International, Inc.

     47,298        625,019  

Shinsegae, Inc.

     16,442        2,043,266  

SIMMTECH Co. Ltd.

     28,786        681,028  

SK D&D Co. Ltd.

     25,603        232,020  

SK Discovery Co. Ltd.

     39,188        1,286,618  

SK Eternix Co. Ltd.*

     38,320        365,485  

SK Networks Co. Ltd.

     266,581        1,168,303  

SL Corp.

     33,241        770,376  

SM Entertainment Co. Ltd.

     13,049        851,032  

SNT Motiv Co. Ltd.

     31,533        1,063,397  

Soulbrain Co. Ltd.

     3,454        801,764  

ST Pharm Co. Ltd.

     6,541        431,451  

Sungwoo Hitech Co. Ltd.

     53,202        370,685  

TKG Huchems Co. Ltd.

     140,090        2,071,823  

Tokai Carbon Korea Co. Ltd.

     9,211        890,140  

Unid Co. Ltd.

     16,437        993,851  

WONIK IPS Co. Ltd.*

     19,254        593,531  

Youngone Corp.

     77,487        2,328,207  
     

 

 

 
Total South Korea               316,086,113  
Taiwan – 28.1%      

Acer, Inc.(b)

     9,318,000        13,626,085  

Advanced Power Electronics Corp.(b)

     309,000        840,002  

Advancetek Enterprise Co. Ltd.

     1,331,000        1,871,514  

Alexander Marine Co. Ltd.(b)

     46,000        551,221  

Allied Supreme Corp.(b)

     170,000        2,236,318  

Allis Electric Co. Ltd.(b)

     266,000        914,275  

Alltek Technology Corp.(b)

     1,373,240        1,553,308  

AMPOC Far-East Co. Ltd.(b)

     633,000        1,762,317  

AP Memory Technology Corp.(b)

     217,000        2,722,374  

Apacer Technology, Inc.(b)

     493,000        1,078,320  

Arcadyan Technology Corp.(b)

     797,681        4,773,100  

Asia Optical Co., Inc.

     593,000        1,193,282  

ASMedia Technology, Inc.(b)

     39,000        2,918,587  

ASROCK, Inc.(b)

     150,000        1,190,495  

Auden Techno Corp.(b)

     75,247        312,711  

Bafang Yunji International Co. Ltd.(b)

     139,000        736,185  

BenQ Materials Corp.(b)

     837,000        886,600  

BES Engineering Corp.

     5,469,000        2,418,059  

Capital Futures Corp.

     798,000        1,358,945  

Capital Securities Corp.(b)

     5,083,340        3,041,729  

Cathay Real Estate Development Co. Ltd.

     2,036,000        1,364,607  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Chang Wah Electromaterials, Inc.(b)

     2,048,000      $ 2,566,119  

Charoen Pokphand Enterprise

     797,100        2,789,545  

CHC Healthcare Group

     267,000        503,073  

Chenbro Micom Co. Ltd.(b)

     60,000        478,073  

Cheng Loong Corp.

     2,925,000        2,650,491  

Cheng Uei Precision Industry Co. Ltd.

     1,349,000        1,955,836  

Chicony Electronics Co. Ltd.(b)

     4,892,652        33,939,061  

Chicony Power Technology Co. Ltd.*(b)

     953,625        5,080,478  

Chin-Poon Industrial Co. Ltd.(b)

     576,000        829,709  

China Bills Finance Corp.

     3,060,000        1,448,560  

China Chemical & Pharmaceutical Co. Ltd.

     623,000        441,892  

China Metal Products

     612,000        714,241  

China Steel Chemical Corp.(b)

     742,726        2,796,522  

ChipMOS Technologies, Inc.

     2,395,000        3,741,778  

Chong Hong Construction Co. Ltd.

     1,097,000        3,030,131  

Chroma ATE, Inc.(b)

     1,332,132        10,614,266  

Chung-Hsin Electric & Machinery Manufacturing Corp.(b)

     988,000        5,541,456  

Cleanaway Co. Ltd.(b)

     431,161        2,398,071  

Compeq Manufacturing Co. Ltd.(b)

     4,072,000        10,229,781  

Continental Holdings Corp.

     2,397,000        2,288,136  

Coremax Corp.(b)

     238,000        467,768  

CTCI Corp.(b)

     2,001,190        2,963,939  

Cub Elecparts, Inc.(b)

     86,000        322,465  

Cyberlink Corp.

     143,000        393,207  

CyberPower Systems, Inc.(b)

     109,000        827,628  

DA CIN Construction Co. Ltd.

     1,884,000        3,361,395  

Da-Li Development Co. Ltd.

     769,000        999,591  

Darfon Electronics Corp.

     963,000        1,874,636  

Daxin Materials Corp.(b)

     117,000        555,689  

Delpha Construction Co. Ltd.*(b)

     827,000        1,142,169  

Depo Auto Parts Ind Co. Ltd.

     392,000        2,688,581  

Dynamic Holding Co. Ltd.(b)

     267,000        578,159  

Elan Microelectronics Corp.

     335,409        1,645,420  

Elitegroup Computer Systems Co. Ltd.*(b)

     676,000        665,365  

Ennoconn Corp.(b)

     314,243        3,682,132  

Episil-Precision, Inc.(b)

     266,000        495,371  

Eternal Materials Co. Ltd.*

     2,710,319        2,654,975  

Evergreen Aviation Technologies Corp.(b)

     332,000        1,130,751  

Evergreen International Storage & Transport Corp.(b)

     2,775,000        2,718,335  

Everlight Chemical Industrial Corp.(b)

     618,000        382,346  

Everlight Electronics Co. Ltd.

     1,765,165        2,956,328  

Far Eastern Department Stores Ltd.

     4,740,841        4,384,798  

Far Eastern International Bank(b)

     14,281,017        6,425,755  

Faraday Technology Corp.(b)

     271,582        2,919,187  

Farglory F T Z Investment Holding Co. Ltd.(b)

     266,620        465,701  

Farglory Land Development Co. Ltd.

     1,465,640        2,619,545  

Feng Hsin Steel Co. Ltd.*

     1,148,950        2,548,954  

Fitipower Integrated Technology, Inc.(b)

     272,000        2,277,751  

FLEXium Interconnect, Inc.(b)

     1,879,028        5,354,644  

Flytech Technology Co. Ltd.

     208,000        506,945  

Formosa Advanced Technologies Co. Ltd.(b)

     1,127,000        1,292,387  

Formosa International Hotels Corp.(b)

     237,000        1,662,521  

Formosa Sumco Technology Corp.(b)

     250,000      1,300,639  

Formosan Union Chemical(b)

     1,904,000        1,160,123  

Fortune Electric Co. Ltd.(b)

     197,000        4,204,259  

Foxsemicon Integrated Technology, Inc.(b)

     659,197        6,117,503  

Fu Hua Innovation Co. Ltd.(b)

     3,211,476        2,829,804  

Fusheng Precision Co. Ltd.(b)

     1,129,000        8,254,910  

G Shank Enterprise Co. Ltd.(b)

     798,103        1,805,511  

Gemtek Technology Corp.(b)

     1,862,000        1,983,977  

Genius Electronic Optical Co. Ltd.(b)

     265,280        4,111,390  

Getac Holdings Corp.(b)

     2,182,292        8,694,119  

Giant Manufacturing Co. Ltd.(b)

     1,056,051        7,177,062  

Global Brands Manufacture Ltd.(b)

     1,416,400        3,217,532  

Global Mixed Mode Technology, Inc.(b)

     383,000        3,189,323  

Global PMX Co. Ltd.(b)

     266,000        881,029  

Goldsun Building Materials Co. Ltd.

     5,611,000        6,644,801  

Grape King Bio Ltd.

     559,988        2,773,387  

Great Wall Enterprise Co. Ltd.(b)

     2,516,259        4,536,633  

Greatek Electronics, Inc.(b)

     1,712,000        3,300,589  

Highwealth Construction Corp.(b)

     2,005,316        2,515,770  

Hitron Technology, Inc.(b)

     403,000        396,660  

Hiwin Technologies Corp.(b)

     581,000        5,001,500  

Holtek Semiconductor, Inc.(b)

     798,773        1,345,286  

Holy Stone Enterprise Co. Ltd.

     524,900        1,582,728  

Hong TAI Electric Industrial(b)

     798,000        771,731  

Hota Industrial Manufacturing Co. Ltd.(b)

     421,146        665,864  

Hsin Kuang Steel Co. Ltd.

     448,000        860,906  

Huaku Development Co. Ltd.(b)

     1,583,296        6,134,601  

Ichia Technologies, Inc.(b)

     791,000        868,769  

Iron Force Industrial Co. Ltd.

     254,000        791,282  

ITE Technology, Inc.(b)

     621,000        3,405,424  

ITEQ Corp.(b)

     533,000        1,637,130  

J&V Energy Technology Co. Ltd.

     147,000        624,682  

Jentech Precision Industrial Co. Ltd.(b)

     195,094        5,614,435  

Jess-Link Products Co. Ltd.(b)

     347,000        1,507,116  

Jih Lin Technology Co. Ltd.(b)

     266,000        515,319  

Kindom Development Co. Ltd.

     1,581,200        2,065,217  

King Slide Works Co. Ltd.(b)

     185,004        7,225,928  

King Yuan Electronics Co. Ltd.(b)

     5,720,000        18,856,063  

King’s Town Bank Co. Ltd.(b)

     3,039,000        4,899,852  

Kinik Co.(b)

     243,495        1,989,593  

Kinpo Electronics(b)

     1,676,000        796,013  

KMC Kuei Meng International, Inc.(b)

     256,000        1,127,877  

KS Terminals, Inc.(b)

     267,000        587,336  

Kung Long Batteries Industrial Co. Ltd.

     554,000        2,414,830  

L&K Engineering Co. Ltd.(b)

     622,981        4,681,580  

Lelon Electronics Corp.(b)

     710,000        1,577,359  

Lian HWA Food Corp.

     265,802        803,963  

Lien Hwa Industrial Holdings Corp.(b)

     1,988,517        4,218,923  

Lintes Technology Co. Ltd.(b)

     69,406        403,378  

Lotes Co. Ltd.(b)

     236,390        10,340,931  

Lotus Pharmaceutical Co. Ltd.(b)

     143,000        1,358,351  

Machvision, Inc.(b)

     171,000        2,193,369  

Macronix International Co. Ltd.(b)

     7,720,000        6,440,671  

Makalot Industrial Co. Ltd.(b)

     1,025,881        11,908,535  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Marketech International Corp.(b)

     267,000      $ 1,364,054  

Merida Industry Co. Ltd.(b)

     673,043        4,405,847  

Merry Electronics Co. Ltd.(b)

     1,189,000        4,365,382  

METAAGE Corp.(b)

     280,000        580,936  

MSSCORPS Co. Ltd.(b)

     111,000        494,243  

Nak Sealing Technologies Corp.(b)

     266,000        1,122,065  

Namchow Holdings Co. Ltd.

     267,000        478,045  

Nan Pao Resins Chemical Co. Ltd.(b)

     266,000        2,584,905  

Nichidenbo Corp.(b)

     1,743,000        3,251,429  

Nien Made Enterprise Co. Ltd.

     501,000        5,502,570  

Nuvoton Technology Corp.(b)

     798,872        3,057,847  

O-Bank Co. Ltd.

     3,993,000        1,253,914  

Orient Semiconductor Electronics Ltd.(b)

     570,000        1,168,372  

Oriental Union Chemical Corp.

     651,000        366,147  

Pan German Universal Motors Ltd.

     109,000        1,079,663  

Pan Jit International, Inc.(b)

     1,036,000        1,841,936  

Pan-International Industrial Corp.(b)

     1,760,000        1,990,782  

Panion & BF Biotech, Inc.(b)

     113,000        388,395  

Pegavision Corp.

     79,000        1,120,690  

Phoenix Silicon International Corp.(b)

     331,000        528,508  

Posiflex Technology, Inc.(b)

     407,000        1,494,290  

Pou Chen Corp.(b)

     8,455,000        9,550,463  

Powertech Technology, Inc.(b)

     3,593,000        22,509,929  

President Securities Corp.(b)

     1,830,520        1,407,058  

Primax Electronics Ltd.(b)

     2,893,000        7,566,176  

Promate Electronic Co. Ltd.(b)

     1,385,000        3,795,351  

Qisda Corp.(b)

     8,325,000        11,614,706  

Run Long Construction Co. Ltd.(b)

     190,000        736,169  

Sampo Corp.(b)

     1,012,000        935,998  

San Fu Chemical Co. Ltd.(b)

     191,000        939,975  

Sanyang Motor Co. Ltd.(b)

     1,592,000        3,730,842  

Scientech Corp.(b)

     80,000        754,917  

ScinoPharm Taiwan Ltd.

     279,000        241,047  

SDI Corp.

     313,000        943,787  

Sercomm Corp.(b)

     984,488        4,168,235  

Sesoda Corp.(b)

     1,462,000        1,411,589  

ShenMao Technology, Inc.(b)

     253,000        499,620  

Shih Wei Navigation Co. Ltd.(b)

     1,694,000        976,590  

Shihlin Electric & Engineering Corp.(b)

     360,000        3,284,641  

Shin Zu Shing Co. Ltd.(b)

     900,000        5,216,617  

Shinkong Insurance Co. Ltd.(b)

     992,000        2,637,811  

Shiny Chemical Industrial Co. Ltd.

     265,637        1,539,696  

Sigurd Microelectronics Corp.(b)

     3,515,000        7,798,053  

Sinbon Electronics Co. Ltd.(b)

     644,120        5,554,927  

Sincere Navigation Corp.(b)

     374,000        281,054  

Sinon Corp.(b)

     3,009,000        3,638,611  

Sitronix Technology Corp.(b)

     680,000        6,193,698  

Sonix Technology Co. Ltd.

     350,000        577,437  

Standard Chemical & Pharmaceutical Co. Ltd.(b)

     339,000        703,348  

Standard Foods Corp.(b)

     1,153,896        1,375,510  

Stark Technology, Inc.(b)

     607,000        2,446,701  

Sunonwealth Electric Machine Industry Co. Ltd.(b)

     497,000        2,034,371  

Sunrex Technology Corp.(b)

     848,000      1,674,617  

Supreme Electronics Co. Ltd.(b)

     2,665,868        6,064,186  

Swancor Holding Co. Ltd.(b)

     467,000        1,875,092  

Symtek Automation Asia Co. Ltd.(b)

     133,000        498,695  

Synnex Technology International Corp.(b)

     7,720,600        19,034,023  

Systex Corp.(b)

     560,000        2,073,523  

TA Chen Stainless Pipe(b)

     8,110,800        9,250,369  

Ta Ya Electric Wire & Cable(b)

     767,597        1,031,346  

Taichung Commercial Bank Co. Ltd.(b)

     8,269,180        4,418,360  

Taisun Enterprise Co. Ltd.(b)

     469,000        323,868  

Taiwan Business Bank

     5,237,588        2,643,056  

Taiwan Cogeneration Corp.(b)

     712,223        1,043,738  

Taiwan Fertilizer Co. Ltd.

     3,459,000        6,809,162  

Taiwan Hon Chuan Enterprise Co. Ltd.

     957,692        4,309,143  

Taiwan Mask Corp.(b)

     513,000        1,090,006  

Taiwan Navigation Co. Ltd.(b)

     1,514,000        1,627,372  

Taiwan Paiho Ltd.(b)

     798,000        1,433,749  

Taiwan PCB Techvest Co. Ltd.

     1,106,302        1,514,085  

Taiwan Secom Co. Ltd.(b)

     925,000        3,526,177  

Taiwan Surface Mounting Technology Corp.(b)

     1,523,000        5,163,357  

Taiwan-Asia Semiconductor Corp.(b)

     483,000        592,365  

Test Research, Inc.

     1,356,115        3,707,721  

Thinking Electronic Industrial Co. Ltd.(b)

     261,000        1,361,945  

Thye Ming Industrial Co. Ltd.(b)

     808,000        1,875,870  

Ton Yi Industrial Corp.

     4,020,000        1,796,241  

Tong Hsing Electronic Industries Ltd.(b)

     524,214        2,383,275  

Tong Yang Industry Co. Ltd.(b)

     1,734,685        6,775,372  

Topco Scientific Co. Ltd.(b)

     798,776        5,466,025  

Topkey Corp.(b)

     499,000        3,001,469  

Transcend Information, Inc.

     1,283,479        3,573,296  

Tripod Technology Corp.(b)

     1,931,928        12,344,877  

TSRC Corp.(b)

     1,962,000        1,419,229  

Tung Ho Steel Enterprise Corp.(b)

     2,081,722        4,494,727  

TXC Corp.(b)

     2,394,549        8,454,826  

TYC Brother Industrial Co. Ltd.(b)

     798,000        1,346,478  

U-Ming Marine Transport Corp.(b)

     1,864,420        3,087,608  

Union Bank of Taiwan(b)

     1,747,050        832,487  

Unitech Printed Circuit Board Corp.(b)

     1,034,000        861,034  

United Integrated Services Co. Ltd.(b)

     1,330,000        16,332,276  

United Renewable Energy Co. Ltd.(b)

     813,000        293,410  

Universal Cement Corp.(b)

     2,396,790        2,366,571  

USI Corp.(b)

     2,013,000        1,009,535  

VIA Labs, Inc.(b)

     90,000        604,621  

Visco Vision, Inc.(b)

     112,000        801,412  

VisEra Technologies Co. Ltd.(b)

     78,000        736,045  

Visual Photonics Epitaxy Co. Ltd.(b)

     254,750        1,349,231  

Vivotek, Inc.(b)

     102,000        463,731  

Wah Lee Industrial Corp.

     797,580        2,816,146  

Walsin Technology Corp.(b)

     617,000        2,178,543  

Weikeng Industrial Co. Ltd.(b)

     3,368,431        3,331,224  

Weltrend Semiconductor(b)

     265,000        519,178  

Winmate, Inc.

     214,000        969,581  

WinWay Technology Co. Ltd.(b)

     72,000        1,617,573  

Wistron NeWeb Corp.(b)

     921,587        4,463,449  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

Investments    Shares      Value  

Wowprime Corp.(b)

     130,000      $ 980,986  

WPG Holdings Ltd.(b)

     7,702,058        23,079,581  

WT Microelectronics Co. Ltd.(b)

     1,330,190        6,130,674  

Yankey Engineering Co. Ltd.(b)

     311,000        3,755,886  

YC INOX Co. Ltd.(b)

     1,412,793        1,108,038  

Yem Chio Co. Ltd.(b)

     3,463,000        2,018,059  

YFY, Inc.

     2,921,000        2,738,138  

Yulon Motor Co. Ltd.(b)

     598,496        1,273,535  

Zenitron Corp.

     1,862,000        2,056,703  

Zero One Technology Co. Ltd.(b)

     899,000        2,016,911  

Zippy Technology Corp.

     1,092,000        1,825,488  

Zyxel Group Corp.(b)

     808,000        1,177,784  
     

 

 

 
Total Taiwan               774,961,279  
Thailand – 5.9%      

Amata Corp. PCL, NVDR(b)

     4,433,000        2,903,698  

Bangchak Corp. PCL, NVDR

     3,160,400        3,941,026  

Bangkok Chain Hospital PCL, NVDR(b)

     6,606,700        3,729,990  

Banpu PCL, NVDR(b)

     46,415,700        7,060,148  

Banpu Power PCL, NVDR(b)

     6,739,927        2,770,782  

BCPG PCL, NVDR(b)

     11,136,712        2,121,278  

BTS Group Holdings PCL, NVDR(b)

     21,606,100        3,345,652  

Chularat Hospital PCL, NVDR(b)

     37,159,000        2,973,738  

Com7 PCL, NVDR(b)

     4,072,100        2,131,610  

Eastern Polymer Group PCL, NVDR(b)

     8,439,500        1,595,959  

Electricity Generating PCL, NVDR(b)

     712,600        2,226,417  

Gunkul Engineering PCL, NVDR(b)

     41,062,400        3,151,071  

Ichitan Group PCL, NVDR(b)

     7,315,300        3,368,196  

KCE Electronics PCL, NVDR(b)

     2,649,700        2,886,621  

Kiatnakin Phatra Bank PCL, NVDR(b)

     3,325,300        4,807,388  

Land & Houses PCL, NVDR(b)

     15,875,900        3,219,778  

Mega Lifesciences PCL, NVDR(b)

     2,688,400        3,094,561  

MK Restaurants Group PCL, NVDR(b)

     3,166,000        3,058,623  

Northeast Rubber PCL, NVDR(b)

     26,359,575        4,298,444  

Origin Property PCL, NVDR

     13,871,900        2,680,285  

Osotspa PCL, NVDR(b)

     8,496,100        4,726,847  

Precious Shipping PCL, NVDR(b)

     10,397,600        2,208,466  

Prima Marine PCL, NVDR

     15,135,300        3,173,280  

PTG Energy PCL, NVDR(b)

     8,604,100        2,098,705  

Quality Houses PCL, NVDR

     75,661,600        4,561,988  

Ratch Group PCL, NVDR(b)

     5,141,300        3,910,136  

Sansiri PCL, NVDR(b)

     128,111,600        6,003,997  

Somboon Advance Technology PCL, NVDR(b)

     6,314,900        2,872,966  

Supalai PCL, NVDR(b)

     11,869,900        6,799,066  

Thai Oil PCL, NVDR(b)

     6,243,900        10,181,899  

Thai Union Group PCL, NVDR(b)

     17,118,700        6,802,909  

Thai Vegetable Oil PCL, NVDR(b)

     4,692,855        2,430,831  

Thanachart Capital PCL, NVDR(b)

     6,331,700        8,893,446  

Tisco Financial Group PCL, NVDR(b)

     7,064,900        19,265,709  

TQM Alpha PCL, NVDR(b)

     2,772,100        2,032,303  

TTW PCL, NVDR(b)

     17,946,200        4,451,199  

WHA Corp. PCL, NVDR(b)

     53,300,900        6,953,403  
     

 

 

 
Total Thailand               162,732,415  
Turkey – 1.2%      

AG Anadolu Grubu Holding AS

     43,874        370,567  

Aksa Akrilik Kimya Sanayii AS(b)

     288,259        906,155  

Aksa Enerji Uretim AS

     424,540      453,777  

Alarko Holding AS(b)

     153,326        618,953  

Alkim Alkali Kimya AS

     49,029        48,708  

Anadolu Efes Biracilik ve Malt Sanayii AS

     400,649        1,893,522  

Aselsan Elektronik Sanayi ve Ticaret AS

     1        1  

Aygaz AS*

     59,702        281,236  

Brisa Bridgestone Sabanci Sanayi ve Ticaret AS*

     213,784        806,844  

Cimsa Cimento Sanayi ve Ticaret AS

     542,757        527,792  

Coca-Cola Icecek AS

     53,207        950,595  

Dogus Otomotiv Servis ve Ticaret AS

     421,632        4,105,282  

EGE Endustri ve Ticaret AS

     1,210        591,685  

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     5,491,483        1,692,325  

Enerjisa Enerji AS(a)

     1,726,182        3,116,006  

Galata Wind Enerji AS

     386,030        295,680  

GEN Ilac ve Saglik Urunleri Sanayi ve Ticaret AS

     136,857        283,004  

Is Yatirim Menkul Degerler AS

     1,060,519        1,039,146  

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D(b)

     542,102        388,748  

Kimteks Poliuretan Sanayi ve Ticaret AS

     122,794        221,091  

Koza Altin Isletmeleri AS

     1,485,679        1,069,990  

Logo Yazilim Sanayi ve Ticaret AS

     95,604        249,117  

Mavi Giyim Sanayi ve Ticaret AS, Class B(a)

     883,889        2,021,754  

Migros Ticaret AS

     89,044        1,142,225  

Nuh Cimento Sanayi AS

     313,817        2,943,974  

Selcuk Ecza Deposu Ticaret ve Sanayi AS

     26,500        40,997  

Sok Marketler Ticaret AS(b)

     400,000        729,476  

Tekfen Holding AS

     1,028,032        1,295,208  

Turk Traktor ve Ziraat Makineleri AS(b)

     97,333        2,972,459  

Turkiye Petrol Rafinerileri AS

     0        2  

Turkiye Sise ve Cam Fabrikalari AS

     0        1  

Vestel Beyaz Esya Sanayi ve Ticaret AS

     3,893,827        2,292,823  

Yatas Yatak ve Yorgan Sanayi ve Ticaret AS

     401,746        356,396  
     

 

 

 
Total Turkey               33,705,539  

TOTAL COMMON STOCKS

(Cost: $2,235,983,755)

              2,740,013,968  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      

WisdomTree Emerging Markets High Dividend Fund(d)

     
(Cost: $6,433,859)      154,300        6,455,912  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9%

 

United States – 1.9%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.34%(e)

 

  
(Cost: $52,792,787)      52,792,787        52,792,787  

TOTAL INVESTMENTS IN SECURITIES – 101.6%

(Cost: $2,295,210,401)

 

 

     2,799,262,667  

Other Assets less Liabilities – (1.6)%

        (44,117,183
     

 

 

 
NET ASSETS – 100.0%             $ 2,755,145,484  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2024

 

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $2,041,263, which represents 0.07% 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 March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $455,444,799 and the total market value of the collateral held by the Fund was $485,912,486. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $433,119,699.

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2024
    Dividend
Income
 

WisdomTree Emerging Markets High Dividend Fund

  $ 3,102,173     $ 69,526,060     $ 66,432,677     $ 680,195     $ (419,839   $ 6,455,912     $ 1,317,106  

 

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

HSBC Holdings PLC

    4/1/2024       669,094       USD       3,166,155       MYR     $ 141     $  

JP Morgan Chase Bank NA

    4/1/2024       1,002,647       USD       4,989,972       BRL       5,759        

State Street Bank and Trust

    4/1/2024       266,531       USD       261,403,183       CLP       25        

UBS AG

    4/1/2024       562,227       USD       2,108,706       SAR             (20
                                            $ 5,925     $ (20

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

           

China

   $ 239,163,457      $      $ 2,041,263 *     $ 241,204,720  

Other

     2,498,809,248                      2,498,809,248  

Exchange-Traded Fund

     6,455,912                      6,455,912  

Investment of Cash Collateral for Securities Loaned

            52,792,787               52,792,787  

Total Investments in Securities

   $ 2,744,428,617      $ 52,792,787      $ 2,041,263      $ 2,799,262,667  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 5,925      $      $ 5,925  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (20    $      $ (20

Total – Net

   $ 2,744,428,617      $ 52,798,692      $ 2,041,263      $ 2,799,268,572  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Schedule of Investments

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2024

 

 

 

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

Altium Ltd.(a)

     8,671      $ 368,947  

Beach Energy Ltd.

     478,437        572,763  

Breville Group Ltd.(a)

     16,914        303,344  

Brickworks Ltd.(a)

     26,924        500,257  

CAR Group Ltd.

     55,691        1,310,887  

Champion Iron Ltd.(a)

     137,572        665,062  

Cochlear Ltd.(a)

     5,999        1,320,968  

CSL Ltd.

     47,543        8,930,430  

IDP Education Ltd.(a)

     38,777        453,342  

Mineral Resources Ltd.(a)

     44,265        2,046,618  

Netwealth Group Ltd.

     29,651        408,552  

Pilbara Minerals Ltd.(a)

     1,383,480        3,456,890  

Pro Medicus Ltd.(a)

     2,323        157,236  

REA Group Ltd.(a)

     9,119        1,103,405  

SEEK Ltd.(a)

     55,041        899,514  

Technology One Ltd.

     13,124        145,299  
     

 

 

 
Total Australia               22,643,514  
Austria – 0.4%      

Mondi PLC

     142,216        2,507,076  
Belgium – 0.1%      

Tessenderlo Group SA(a)

     18,144        475,191  
Brazil – 0.7%      

Cosan SA

     251,856        815,109  

Equatorial Energia SA

     85,721        557,425  

Raia Drogasil SA

     69,368        379,300  

Sendas Distribuidora SA

     90,103        264,789  

Vamos Locacao de Caminhoes Maquinas & Equipamentos SA

     113,578        189,465  

Vibra Energia SA

     408,227        2,039,687  
     

 

 

 
Total Brazil               4,245,775  
Canada – 12.7%      

Alimentation Couche-Tard, Inc.(a)

     55,004        3,142,331  

Baytex Energy Corp.(a)

     36,857        133,184  

Canadian National Railway Co.

     99,934        13,172,162  

Canadian Natural Resources Ltd.(a)

     335,392        25,609,500  

Canadian Pacific Kansas City Ltd.(a)

     49,710        4,387,116  

Canadian Tire Corp. Ltd., Class A(a)

     18,711        1,867,989  

Constellation Software, Inc.

     222        606,983  

Crescent Point Energy Corp.(a)

     104,987        859,602  

Dollarama, Inc.

     5,961        454,547  

Enerplus Corp.

     23,778        467,565  

Gildan Activewear, Inc.

     32,609        1,211,346  

Methanex Corp.(a)

     9,859        439,821  

Paramount Resources Ltd., Class A(a)

     52,987        1,076,381  

Rogers Communications, Inc., Class B

     110,590        4,535,559  

TFI International, Inc.

     6,801        1,085,547  

Thomson Reuters Corp.(a)

     49,553        7,719,026  

Tourmaline Oil Corp.

     275,581        12,896,763  

Whitecap Resources, Inc.(a)

     253,276        1,918,403  
     

 

 

 
Total Canada               81,583,825  
Chile – 0.2%      

Cia Sud Americana de Vapores SA

     14,913,748      1,120,603  
China – 3.8%      

ANTA Sports Products Ltd.

     182,400        1,939,025  

BYD Electronic International Co. Ltd.

     1,000        3,686  

China Resources Mixc Lifestyle Services Ltd.(b)

     1,200        3,795  

Li Ning Co. Ltd.

     421,900        1,121,264  

Nongfu Spring Co. Ltd., Class H(a)(b)

     247,700        1,337,174  

Pop Mart International Group Ltd.(a)(b)

     40,400        148,407  

Prosus NV

     80,095        2,515,063  

Tencent Holdings Ltd.

     389,900        15,134,783  

WuXi AppTec Co. Ltd., Class H(b)

     31,940        151,406  

Yadea Group Holdings Ltd.(a)(b)

     312,000        505,486  

Zijin Mining Group Co. Ltd., Class H

     878,000        1,752,309  
     

 

 

 
Total China               24,612,398  
Denmark – 6.9%      

Coloplast AS, Class B

     35,301        4,765,750  

Novo Nordisk AS, Class B

     266,706        34,032,867  

Novonesis (Novozymes) B, Class B

     54,222        3,181,171  

Pandora AS

     12,439        2,007,278  

Royal Unibrew AS

     10,504        694,589  
     

 

 

 
Total Denmark               44,681,655  
Finland – 1.2%      

Metsa Board OYJ, Class B(a)

     168,286        1,275,877  

Orion OYJ, Class B

     31,255        1,166,924  

UPM-Kymmene OYJ

     168,522        5,618,456  
     

 

 

 
Total Finland               8,061,257  
France – 6.9%      

Airbus SE

     79,822        14,717,387  

Arkema SA

     20,351        2,143,839  

Eramet SA(a)

     10,764        818,990  

Gaztransport & Technigaz SA

     7,660        1,145,783  

Hermes International SCA

     5,514        14,089,813  

Interparfums SA

     11,301        637,105  

Kering SA

     27,357        10,824,015  
     

 

 

 
Total France               44,376,932  
Germany – 4.1%      

AIXTRON SE

     5,243        138,730  

Aurubis AG

     8,347        587,582  

Carl Zeiss Meditec AG, Bearer Shares

     9,167        1,146,461  

Deutsche Post AG, Registered Shares

     411,468        17,737,643  

Fielmann Group AG

     10,572        485,940  

Hugo Boss AG

     8,752        516,277  

Nemetschek SE

     3,900        386,325  

Puma SE

     16,107        730,961  

Rheinmetall AG

     5,327        2,997,396  

Siltronic AG

     5,635        500,253  

Stroeer SE & Co. KGaA

     18,207        1,109,025  
     

 

 

 
Total Germany               26,336,593  
Hong Kong – 0.7%      

Techtronic Industries Co. Ltd.

     316,000        4,283,884  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2024

 

 

 

Investments    Shares      Value  
Hungary – 0.2%      

Richter Gedeon Nyrt

     48,235      $ 1,224,212  
India – 2.8%      

Aarti Industries Ltd.

     10,706        85,434  

Alkem Laboratories Ltd.

     2,531        149,974  

APL Apollo Tubes Ltd.

     4,475        80,266  

Astral Ltd.

     2,115        50,496  

Balkrishna Industries Ltd.

     4,677        129,951  

Blue Star Ltd.

     6,487        99,068  

Coforge Ltd.

     4,842        319,449  

CRISIL Ltd.

     2,215        134,596  

Crompton Greaves Consumer Electricals Ltd.

     56,487        181,173  

Deepak Nitrite Ltd.

     602        15,342  

Divi’s Laboratories Ltd.

     8,448        348,981  

Dr. Lal PathLabs Ltd.(b)

     584        15,845  

GlaxoSmithKline Pharmaceuticals Ltd.

     6,289        146,784  

Gujarat Gas Ltd.

     22,228        145,051  

Havells India Ltd.

     11,242        204,210  

HDFC Asset Management Co. Ltd.(b)

     14,806        666,445  

IndiaMart InterMesh Ltd.(b)

     725        22,996  

Ipca Laboratories Ltd.

     4,148        61,542  

JB Chemicals & Pharmaceuticals Ltd.

     3,582        70,882  

Jindal Stainless Ltd.

     5,810        48,377  

Jindal Steel & Power Ltd.

     8,234        83,833  

JSW Steel Ltd.

     41,783        415,914  

Jubilant Foodworks Ltd.

     11,887        63,973  

Kajaria Ceramics Ltd.

     5,195        71,934  

KPIT Technologies Ltd.

     3,610        64,337  

L&T Technology Services Ltd.(b)

     2,467        162,174  

Laurus Labs Ltd.(b)

     19,352        91,038  

LTIMindtree Ltd.(b)

     6,108        361,665  

Marico Ltd.

     42,972        256,175  

Mazagon Dock Shipbuilders Ltd.

     1,297        28,989  

Mphasis Ltd.

     10,403        297,867  

Navin Fluorine International Ltd.

     1,772        66,168  

Nestle India Ltd.

     26,543        834,568  

Oberoi Realty Ltd.

     4,511        79,824  

Page Industries Ltd.

     433        178,859  

Patanjali Foods Ltd.

     5,716        91,727  

Persistent Systems Ltd.

     4,698        224,447  

PI Industries Ltd.

     3,010        139,580  

Polycab India Ltd.

     1,830        111,135  

Relaxo Footwears Ltd.

     902        8,839  

SBI Cards & Payment Services Ltd.

     14,099        115,383  

Schaeffler India Ltd.

     1,681        56,664  

SKF India Ltd.

     544        27,125  

Sundram Fasteners Ltd.

     4,440        58,219  

Supreme Industries Ltd.

     3,789        192,270  

Tata Communications Ltd.

     10,475        252,498  

Tata Consultancy Services Ltd.

     81,543        3,789,876  

Tata Elxsi Ltd.

     1,454        135,723  

Tata Steel Ltd.

     1,909,449        3,568,090  

Tech Mahindra Ltd.

     152,653        2,284,418  

Titan Co. Ltd.

     10,763        490,618  

Torrent Pharmaceuticals Ltd.

     7,475      233,080  

Tube Investments of India Ltd.

     1,364        61,110  

Varun Beverages Ltd.

     4,172        69,961  

Vinati Organics Ltd.

     26        458  
     

 

 

 
Total India               17,945,401  
Indonesia – 0.1%      

Indosat Tbk. PT

     419,500        295,674  

Mitra Keluarga Karyasehat Tbk. PT(c)

     355,300        61,402  

Sumber Alfaria Trijaya Tbk. PT

     1,369,600        251,374  
     

 

 

 
Total Indonesia               608,450  
Israel – 0.1%      

Newmed Energy LP

     285,956        731,964  
Italy – 1.3%      

Brunello Cucinelli SpA(a)

     4,547        520,541  

Carel Industries SpA(a)(b)

     7,097        155,978  

DiaSorin SpA(a)

     5,520        533,563  

Ferrari NV

     8,527        3,720,500  

Moncler SpA

     38,723        2,893,165  

Reply SpA

     1,787        253,211  
     

 

 

 
Total Italy               8,076,958  
Japan – 6.1%      

Advantest Corp.

     29,300        1,320,141  

Asahi Intecc Co. Ltd.

     9,600        167,110  

BayCurrent Consulting, Inc.

     6,000        117,883  

Dentsu Soken, Inc.

     4,900        162,529  

Disco Corp.

     5,100        1,927,180  

FANUC Corp.

     158,300        4,377,320  

Hoya Corp.

     17,800        2,204,050  

Ibiden Co. Ltd.(a)

     2,300        101,045  

Internet Initiative Japan, Inc.

     16,400        307,314  

Kakaku.com, Inc.

     42,300        525,868  

Keyence Corp.

     6,600        3,032,568  

Kobe Bussan Co. Ltd.

     10,700        264,204  

Kotobuki Spirits Co. Ltd.(a)

     2,600        32,933  

Lasertec Corp.

     3,700        1,021,904  

M3, Inc.

     36,300        512,558  

Mitsui High-Tec, Inc.

     2,100        121,037  

MonotaRO Co. Ltd.

     36,800        441,931  

Murata Manufacturing Co. Ltd.

     185,300        3,457,578  

Obic Co. Ltd.

     5,600        842,710  

Persol Holdings Co. Ltd.

     595,400        839,921  

SG Holdings Co. Ltd.

     123,600        1,554,137  

Shinko Electric Industries Co. Ltd.

     4,200        155,878  

Taiyo Yuden Co. Ltd.(a)

     11,000        263,471  

TechnoPro Holdings, Inc.

     18,300        374,597  

Toei Animation Co. Ltd.(a)

     17,500        358,452  

Tokyo Electron Ltd.

     47,600        12,445,287  

Tokyo Ohka Kogyo Co. Ltd.

     16,700        505,265  

Tokyo Seimitsu Co. Ltd.

     6,100        490,716  

Tosoh Corp.

     102,500        1,396,511  
     

 

 

 
Total Japan               39,322,098  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2024

 

 

 

Investments    Shares      Value  
Malaysia – 0.3%      

MR DIY Group M Bhd.(b)

     821,700      $ 258,680  

Petronas Chemicals Group Bhd.

     725,000        1,027,836  

Press Metal Aluminium Holdings Bhd.

     403,700        396,621  
     

 

 

 
Total Malaysia               1,683,137  
Mexico – 1.7%      

Grupo Aeroportuario del Centro Norte SAB de CV

     169,496        1,666,331  

Grupo Aeroportuario del Pacifico SAB de CV, Class B(a)

     113,573        1,824,424  

Grupo Mexico SAB de CV, Series B

     1,223,439        7,222,830  
     

 

 

 
Total Mexico               10,713,585  
Netherlands – 5.1%      

ASM International NV

     1,533        936,927  

ASML Holding NV

     20,658        19,905,551  

Universal Music Group NV

     254,994        7,677,971  

Wolters Kluwer NV

     28,443        4,460,317  
     

 

 

 
Total Netherlands               32,980,766  
Norway – 0.4%      

Kongsberg Gruppen ASA

     32,644        2,255,284  

TOMRA Systems ASA

     33,148        518,062  
     

 

 

 
Total Norway               2,773,346  
Poland – 0.1%      

KGHM Polska Miedz SA

     13,449        384,980  
Russia – 0.0%      

Evraz PLC*

     243,480        0  

LUKOIL PJSC*

     68,533        0  

LUKOIL PJSC, ADR*

     2,107        0  

Magnitogorsk Iron & Steel Works PJSC, GDR*(c)

     54,588        0  

MMC Norilsk Nickel PJSC*

     16,209        0  

MMC Norilsk Nickel PJSC, ADR*

     12        0  

Novatek PJSC*

     97,470        0  

PhosAgro PJSC*

     8,504        0  

PhosAgro PJSC, GDR*(c)

     166        0  
     

 

 

 
Total Russia               0  
Saudi Arabia – 0.3%      

Aldrees Petroleum & Transport Services Co.

     4,327        197,515  

Sahara International Petrochemical Co.

     232,728        1,920,526  
     

 

 

 
Total Saudi Arabia               2,118,041  
South Africa – 1.2%      

Capitec Bank Holdings Ltd.

     19,413        2,148,555  

Gold Fields Ltd.

     259,198        4,159,761  

Northam Platinum Holdings Ltd.

     167,750        1,000,409  

OUTsurance Group Ltd.

     187,734        416,388  
     

 

 

 
Total South Africa               7,725,113  
South Korea – 4.9%      

Ecopro BM Co. Ltd.*

     774        157,531  

Ecopro Co. Ltd.*

     2        940  

JYP Entertainment Corp.

     18        964  

Kumho Petrochemical Co. Ltd.

     5,985        603,724  

LG Innotek Co. Ltd.

     784        114,550  

NCSoft Corp.

     4,054      598,652  

Samsung Electro-Mechanics Co. Ltd.

     5,059        558,792  

Samsung Electronics Co. Ltd.

     479,775        29,365,615  
     

 

 

 
Total South Korea               31,400,768  
Spain – 2.0%      

Endesa SA

     606,765        11,248,330  

Laboratorios Farmaceuticos Rovi SA

     9,109        795,872  

Viscofan SA(a)

     11,283        717,734  
     

 

 

 
Total Spain               12,761,936  
Sweden – 1.8%      

Evolution AB(b)

     30,678        3,817,607  

Fortnox AB

     9,601        60,106  

Husqvarna AB, Class B(a)

     125,420        1,074,901  

Investment AB Latour, Class B(a)

     79,668        2,097,389  

Munters Group AB(b)

     8,955        160,883  

Nibe Industrier AB, Class B(a)

     120,657        593,095  

Paradox Interactive AB

     4,826        84,897  

Sectra AB, Class B(a)

     11,626        225,233  

Securitas AB, Class B

     140,907        1,454,192  

Skanska AB, Class B(a)

     117,788        2,098,518  
     

 

 

 
Total Sweden               11,666,821  
Switzerland – 10.0%      

Clariant AG, Registered Shares*(a)

     55,160        746,531  

Logitech International SA, Registered Shares

     14,091        1,263,450  

Partners Group Holding AG

     6,625        9,473,743  

Roche Holding AG

     89,166        22,739,458  

Roche Holding AG, Bearer Shares(a)

     10,253        2,766,159  

Sika AG, Registered Shares

     14,862        4,432,034  

Sonova Holding AG, Registered Shares

     8,963        2,598,245  

Straumann Holding AG, Registered Shares

     7,677        1,227,365  

Tecan Group AG, Registered Shares(a)

     986        409,200  

UBS Group AG, Registered Shares

     537,664        16,559,120  

VAT Group AG(b)

     3,987        2,068,530  
     

 

 

 
Total Switzerland               64,283,835  
Taiwan – 9.6%      

Accton Technology Corp.

     46,000        665,490  

ASE Technology Holding Co. Ltd.

     1,577,000        7,933,414  

Asia Vital Components Co. Ltd.

     26,000        443,576  

ASMedia Technology, Inc.

     3,000        224,507  

Eclat Textile Co. Ltd.

     59,000        1,019,482  

Elite Material Co. Ltd.

     35,000        441,280  

Faraday Technology Corp.

     19,849        213,353  

Fortune Electric Co. Ltd.

     15,000        320,121  

Gigabyte Technology Co. Ltd.

     64,000        631,931  

Global Unichip Corp.

     5,000        194,510  

Hiwin Technologies Corp.

     69,000        593,982  

Jentech Precision Industrial Co. Ltd.

     9,000        259,003  

King Slide Works Co. Ltd.

     8,000        312,466  

Lotes Co. Ltd.

     16,337        714,666  

Micro-Star International Co. Ltd.

     154,000        815,630  

momo.com, Inc.

     21,032        254,328  

Nan Ya Printed Circuit Board Corp.

     87,000        545,050  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2024

 

 

 

Investments    Shares      Value  

Nien Made Enterprise Co. Ltd.

     58,000      $ 637,024  

Powertech Technology, Inc.

     273,000        1,710,329  

Qisda Corp.

     403,000        562,249  

Quanta Computer, Inc.

     380,000        3,484,931  

Sinbon Electronics Co. Ltd.

     31,000        267,346  

Taiwan Semiconductor Manufacturing Co. Ltd.

     1,417,000        34,491,321  

Tripod Technology Corp.

     97,000        619,823  

Unimicron Technology Corp.

     350,000        2,088,834  

Wiwynn Corp.

     19,000        1,347,665  

WT Microelectronics Co. Ltd.(a)

     88,315        407,032  

Yageo Corp.

     40,000        738,669  
     

 

 

 
Total Taiwan               61,938,012  
Thailand – 0.1%      

Carabao Group PCL, NVDR

     77,200        133,824  

Delta Electronics Thailand PCL, NVDR(a)

     138,300        282,380  
     

 

 

 
Total Thailand               416,204  
Turkey – 0.8%      

Arcelik AS(a)

     31,197        142,716  

Aselsan Elektronik Sanayi ve Ticaret AS

     35,696        61,899  

BIM Birlesik Magazalar AS

     58,859        656,779  

Coca-Cola Icecek AS

     3,369        60,190  

Enerjisa Enerji AS(b)

     91,149        164,537  

Ford Otomotiv Sanayi AS

     13,928        487,342  

Haci Omer Sabanci Holding AS

     337,552        860,783  

Is Yatirim Menkul Degerler AS

     49,613        48,613  

Koza Altin Isletmeleri AS

     81,576        58,751  

Migros Ticaret AS

     1,846        23,680  

Tofas Turk Otomobil Fabrikasi AS

     22,959        196,577  

Turk Traktor ve Ziraat Makineleri AS

     4,505        137,579  

Turkcell Iletisim Hizmetleri AS

     198,067        414,476  

Turkiye Garanti Bankasi AS(a)

     185,932        393,680  

Turkiye Is Bankasi AS, Class C

     2,693,741        948,371  

Turkiye Sise ve Cam Fabrikalari AS

     146,654        209,609  
     

 

 

 
Total Turkey               4,865,582  
United Kingdom – 9.5%      

Admiral Group PLC

     90,380        3,239,075  

Airtel Africa PLC(b)

     914,179        1,221,817  

Ashtead Group PLC

     52,613        3,748,534  

Auto Trader Group PLC(b)

     83,101        735,051  

Bellway PLC

     55,466        1,866,596  

Burberry Group PLC

     78,623        1,204,758  

Diageo PLC

     439,281        16,234,234  

Greggs PLC

     19,284        700,121  

Hays PLC

     632,309        754,433  

Howden Joinery Group PLC

     118,839        1,361,319  

Imperial Brands PLC

     563,096        12,590,558  

JD Sports Fashion PLC

     230,249        391,209  

Redrow PLC

     153,950        1,294,247  

RELX PLC

     261,632        11,316,546  

Rightmove PLC

     87,113        604,810  

RS Group PLC

     100,637        923,978  

Sage Group PLC

     104,264        1,666,809  

Spirax-Sarco Engineering PLC

     9,397      1,193,012  
     

 

 

 
Total United Kingdom               61,047,107  

TOTAL COMMON STOCKS

(Cost: $539,889,996)

 

 

     639,597,019  
WARRANTS – 0.0%

 

Canada – 0.0%

 

Constellation Software, Inc.,
expiring 3/31/40*(a)

(Cost: $0)

     545        0  
EXCHANGE-TRADED FUNDS – 0.0%

 

United States – 0.0%

 

WisdomTree Emerging Markets High Dividend Fund(d)

     10        418  

WisdomTree International Equity Fund(d)

     10        548  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $845)

              966  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.5%

 

United States – 5.5%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.34%(e)

 

  
(Cost: $35,388,732)      35,388,732        35,388,732  

TOTAL INVESTMENTS IN SECURITIES – 105.1%

(Cost: $575,279,573)

 

 

     674,986,717  

Other Assets less Liabilities – (5.1)%

 

     (32,475,361
     

 

 

 
NET ASSETS – 100.0%

 

   $ 642,511,356  
* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $48,910,080 and the total market value of the collateral held by the Fund was $51,283,026. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $15,894,294.

 

(b) 

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

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2024

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
   

Realized
Gain/

(Loss)

    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2024
    Dividend
Income
 

WisdomTree Emerging Markets High Dividend Fund

  $ 1,023,167     $ 2,487,358     $ 3,514,901     $ 136,877     $ (132,083   $ 418     $ 57,304  

WisdomTree International Equity Fund

    1,549,089       3,750,411       5,293,440       272,454       (277,966     548       62,273  

Total

  $ 2,572,256     $ 6,237,769     $ 8,808,341     $ 409,331     $ (410,049   $ 966     $ 119,577  

 

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

Goldman Sachs

    4/1/2024       38,536       USD       144,539       SAR     $     $ (3

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted
Prices in

Active
Markets
(Level 1)

     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

           

Russia

   $      $      $ 0 *     $ 0  

Other

     639,597,019                      639,597,019  

Warrants

                   0 *       0  

Exchange-Traded Funds

     966                      966  

Investment of Cash Collateral for Securities Loaned

            35,388,732               35,388,732  

Total Investments in Securities

   $ 639,597,985      $ 35,388,732      $ 0      $ 674,986,717  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (3    $      $ (3

Total – Net

   $ 639,597,985      $ 35,388,729      $ 0      $ 674,986,714  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Schedule of Investments

WisdomTree Global High Dividend Fund (DEW)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 3.1%      

Ampol Ltd.(a)

     2,134      $ 55,396  

ANZ Group Holdings Ltd.

     10,750        206,191  

APA Group

     9,955        54,620  

Bendigo & Adelaide Bank Ltd.(a)

     7,415        49,585  

Coles Group Ltd.

     7,850        86,755  

Commonwealth Bank of Australia(a)

     4,882        383,285  

Dexus(a)

     3,246        16,751  

Endeavour Group Ltd.(a)

     12,777        45,930  

GPT Group(a)

     20,745        61,851  

IGO Ltd.(a)

     4,455        20,549  

Incitec Pivot Ltd.

     13,909        26,225  

JB Hi-Fi Ltd.

     1,309        54,869  

Macquarie Group Ltd.

     1,248        162,595  

Medibank Pvt Ltd.

     19,613        48,111  

Metcash Ltd.

     14,863        37,914  

Mirvac Group(a)

     29,186        44,937  

National Australia Bank Ltd.

     6,815        154,013  

New Hope Corp. Ltd.(a)

     5,759        17,471  

Origin Energy Ltd.

     7,326        43,971  

Pilbara Minerals Ltd.(a)

     17,038        42,573  

Rio Tinto Ltd.(a)

     1,584        125,827  

Rio Tinto PLC

     5,960        377,728  

Santos Ltd.

     12,354        62,463  

Scentre Group

     43,012        95,127  

Stockland(a)

     21,501        68,032  

Suncorp Group Ltd.

     4,514        48,238  

Telstra Group Ltd.

     43,419        109,340  

Transurban Group(a)

     11,143        96,832  

Vicinity Ltd.(a)

     40,070        55,682  

Viva Energy Group Ltd.(b)

     19,329        46,658  

Wesfarmers Ltd.(a)

     4,441        198,176  

Westpac Banking Corp.

     10,231        174,210  

Whitehaven Coal Ltd.

     7,215        33,420  

Woodside Energy Group Ltd.

     13,669        271,988  

Yancoal Australia Ltd.(a)

     13,307        45,491  
     

 

 

 
Total Australia               3,422,804  
Austria – 0.3%      

BAWAG Group AG*(b)

     641        40,637  

Erste Group Bank AG

     2,669        119,048  

Mondi PLC

     2,968        52,322  

OMV AG

     2,000        94,738  

Verbund AG

     609        44,560  

voestalpine AG

     1,049        29,456  
     

 

 

 
Total Austria               380,761  
Belgium – 0.3%      

Aedifica SA

     610        37,519  

Ageas SA

     1,065        49,367  

Cofinimmo SA

     546        35,764  

KBC Group NV

     2,041        153,021  

Solvay SA(a)

     511        13,962  

Warehouses De Pauw CVA

     1,766        50,467  
     

 

 

 
Total Belgium               340,100  
Brazil – 1.5%      

Ambev SA

     32,113      80,129  

Banco Bradesco SA

     17,254        43,914  

Banco do Brasil SA

     19,883        224,905  

BB Seguridade Participacoes SA

     8,497        55,203  

CPFL Energia SA

     6,441        44,793  

Engie Brasil Energia SA

     5,753        46,272  

Klabin SA

     6,697        33,796  

Lojas Renner SA

     16,877        57,251  

Neoenergia SA

     7,614        30,955  

Petroleo Brasileiro SA

     76,877        587,918  

Telefonica Brasil SA

     3,138        31,721  

TIM SA

     4,433        15,764  

Vale SA

     26,001        315,977  

Vibra Energia SA

     10,820        54,062  
     

 

 

 
Total Brazil               1,622,660  
Canada – 3.8%      

AltaGas Ltd.(a)

     1,346        29,760  

Atco Ltd., Class I(a)

     1,609        44,837  

Bank of Montreal

     2,102        205,424  

Bank of Nova Scotia(a)

     4,586        237,459  

BCE, Inc.

     5,725        194,732  

Brookfield Infrastructure Corp., Class A(a)

     1,295        46,699  

Canadian Imperial Bank of Commerce(a)

     2,799        142,034  

Canadian Natural Resources Ltd.(a)

     3,754        286,644  

Canadian Tire Corp. Ltd., Class A(a)

     190        18,968  

Canadian Utilities Ltd., Class A(a)

     65        1,482  

Capital Power Corp.(a)

     1,142        32,245  

Choice Properties Real Estate Investment Trust

     4,203        42,799  

Emera, Inc.(a)

     372        13,104  

Enbridge, Inc.(a)

     13,402        484,779  

Fortis, Inc.(a)

     1,192        47,143  

Great-West Lifeco, Inc.(a)

     3,270        104,679  

IGM Financial, Inc.(a)

     2,107        54,386  

Keyera Corp.(a)

     2,266        58,423  

Manulife Financial Corp.(a)

     6,596        164,894  

National Bank of Canada

     1,055        88,922  

Northland Power, Inc.(a)

     2,741        44,824  

Paramount Resources Ltd., Class A(a)

     809        16,434  

Pembina Pipeline Corp.(a)

     2,205        77,902  

Power Corp. of Canada(a)

     2,400        67,358  

RioCan Real Estate Investment Trust

     3,483        47,538  

Royal Bank of Canada

     5,883        593,930  

Sun Life Financial, Inc.

     2,969        162,157  

Suncor Energy, Inc.

     4,344        160,470  

TELUS Corp.

     8,450        135,312  

Toronto-Dominion Bank

     5,289        319,509  

Tourmaline Oil Corp.(a)

     3,413        159,723  

Whitecap Resources, Inc.(a)

     3,996        30,267  
     

 

 

 
Total Canada               4,114,837  
Chile – 0.3%      

Banco de Chile

     862,248        95,820  

Banco Santander Chile

     482,180        23,990  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2024

 

 

 

Investments    Shares      Value  

Cencosud SA

     15,779      $ 27,348  

Empresas CMPC SA

     24,468        49,667  

Empresas Copec SA

     5,126        36,786  

Enel Chile SA

     732,113        43,963  
     

 

 

 
Total Chile               277,574  
China – 2.5%      

Agricultural Bank of China Ltd., Class H

     266,074        112,189  

Anhui Conch Cement Co. Ltd., Class H

     18,000        37,442  

Bank of China Ltd., Class H

     786,000        324,385  

Bank of Communications Co. Ltd., Class H

     212,000        139,230  

BOC Hong Kong Holdings Ltd.

     23,000        61,567  

China CITIC Bank Corp. Ltd., Class H

     142,000        75,659  

China Construction Bank Corp., Class H

     825,536        497,867  

China Feihe Ltd.(b)

     53,000        24,921  

China Life Insurance Co. Ltd., Class H

     45,000        53,990  

China Medical System Holdings Ltd.

     17,000        17,855  

China Merchants Bank Co. Ltd., Class H

     25,000        98,863  

China Minsheng Banking Corp. Ltd., Class H(a)

     141,000        48,823  

China Pacific Insurance Group Co. Ltd., Class H

     11,000        19,255  

China Railway Group Ltd., Class H

     35,000        17,307  

China Shenhua Energy Co. Ltd., Class H

     59,000        231,810  

CSPC Pharmaceutical Group Ltd.

     70,000        55,006  

ENN Energy Holdings Ltd.

     5,500        42,376  

Industrial & Commercial Bank of China Ltd., Class H

     518,000        260,772  

PetroChina Co. Ltd., Class H

     332,000        283,792  

PICC Property & Casualty Co. Ltd., Class H

     42,000        55,381  

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

     29,500        124,574  

Postal Savings Bank of China Co. Ltd., Class H(a)(b)

     58,000        30,310  

Sinopharm Group Co. Ltd., Class H

     12,000        30,742  

Tingyi Cayman Islands Holding Corp.

     28,000        30,696  

Wilmar International Ltd.

     8,900        22,619  
     

 

 

 
Total China               2,697,431  
Czech Republic – 0.1%      

CEZ AS(a)

     3,384        120,976  
Denmark – 0.1%      

Danske Bank AS

     2,422        72,451  

Tryg AS

     2,769        57,012  
     

 

 

 
Total Denmark               129,463  
Finland – 0.6%      

Elisa OYJ

     1,254        56,001  

Kesko OYJ, Class B

     2,497        46,694  

Kone OYJ, Class B

     1,801        83,911  

Nordea Bank Abp(a)

     26,714        297,805  

Sampo OYJ, Class A

     727        31,025  

UPM-Kymmene OYJ

     2,176        72,547  

Valmet OYJ(a)

     1,875        49,390  
     

 

 

 
Total Finland               637,373  
France – 2.9%      

Amundi SA(b)

     873        60,012  

AXA SA

     12,069        453,797  

BNP Paribas SA

     4,087        290,704  

Bouygues SA

     906      37,016  

Cie Generale des Etablissements Michelin SCA

     3,363        129,010  

Credit Agricole SA

     15,907        237,353  

Danone SA

     2,797        180,913  

Eiffage SA

     449        50,989  

Gecina SA

     569        58,164  

Klepierre SA(a)

     1,674        43,390  

La Francaise des Jeux SAEM(b)

     1,305        53,247  

Orange SA

     11,637        136,840  

Publicis Groupe SA

     1,145        124,959  

Rexel SA

     1,552        41,954  

Rubis SCA

     1,905        67,359  

Societe Generale SA

     4,131        110,689  

TotalEnergies SE(a)

     13,067        895,712  

Veolia Environnement SA

     3,929        127,851  

Verallia SA(b)

     1,142        44,450  
     

 

 

 
Total France               3,144,409  
Germany – 2.2%      

Allianz SE, Registered Shares

     1,780        534,043  

Bayer AG, Registered Shares

     4,083        125,366  

Bayerische Motoren Werke AG

     5,594        646,201  

Deutsche Post AG, Registered Shares

     4,142        178,554  

DWS Group GmbH & Co. KGaA(b)

     1,306        57,519  

E.ON SE

     13,832        192,483  

Evonik Industries AG

     2,702        53,475  

HochTief AG

     424        49,318  

K&S AG, Registered Shares

     2,433        37,996  

Mercedes-Benz Group AG

     6,532        520,697  
     

 

 

 
Total Germany               2,395,652  
Hong Kong – 0.5%      

Bank of East Asia Ltd.

     24,200        28,818  

CLP Holdings Ltd.

     11,000        87,632  

Hang Seng Bank Ltd.

     7,900        86,455  

Hong Kong & China Gas Co. Ltd.

     108,000        81,830  

Link REIT

     10,666        45,859  

MTR Corp. Ltd.

     26,500        87,357  

Power Assets Holdings Ltd.

     7,000        40,964  

Sun Hung Kai Properties Ltd.

     8,000        77,123  

Swire Pacific Ltd., Class B

     25,000        32,582  

Swire Properties Ltd.

     15,800        33,189  
     

 

 

 
Total Hong Kong               601,809  
Hungary – 0.0%      

MOL Hungarian Oil & Gas PLC

     3,798        30,813  
India – 0.8%      

Coal India Ltd.

     37,814        196,817  

HCL Technologies Ltd.

     8,605        159,255  

Indian Oil Corp. Ltd.

     53,115        106,832  

NMDC Ltd.

     19,461        47,076  

Oil & Natural Gas Corp. Ltd.

     33,561        107,863  

Petronet LNG Ltd.

     11,055        34,887  

Power Grid Corp. of India Ltd.

     48,030        159,462  

Tech Mahindra Ltd.

     4,122        61,685  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2024

 

 

 

Investments    Shares      Value  

Vedanta Ltd.

     17,840      $ 58,106  
     

 

 

 
Total India               931,983  
Indonesia – 0.6%      

Adaro Energy Indonesia Tbk. PT

     216,400        36,851  

Astra International Tbk. PT

     371,800        120,768  

Bank Mandiri Persero Tbk. PT

     323,100        147,744  

Bank Rakyat Indonesia Persero Tbk. PT

     626,400        239,024  

Bukit Asam Tbk. PT

     104,500        19,575  

Indo Tambangraya Megah Tbk. PT

     8,100        13,641  

Indofood Sukses Makmur Tbk. PT

     48,700        19,581  

Telkom Indonesia Persero Tbk. PT

     319,800        69,991  

United Tractors Tbk. PT

     23,000        35,069  
     

 

 

 
Total Indonesia               702,244  
Ireland – 0.1%      

Smurfit Kappa Group PLC

     1,355        61,858  
Israel – 0.2%      

Amot Investments Ltd.

     4,286        20,379  

Bank Hapoalim BM

     7,836        73,747  

Delek Group Ltd.

     354        46,466  

First International Bank of Israel Ltd.

     486        20,296  

Israel Discount Bank Ltd., Class A

     9,574        49,729  

Mizrahi Tefahot Bank Ltd.

     1,367        51,453  
     

 

 

 
Total Israel               262,070  
Italy – 1.9%      

A2A SpA

     30,304        54,771  

Assicurazioni Generali SpA

     8,320        210,802  

Banca Mediolanum SpA

     6,160        67,726  

Banco BPM SpA

     7,955        52,992  

Enel SpA

     82,269        543,676  

Eni SpA(a)

     15,054        238,152  

FinecoBank Banca Fineco SpA(a)

     3,702        55,514  

Hera SpA(a)

     12,240        43,174  

Intesa Sanpaolo SpA

     76,171        276,656  

Italgas SpA

     11,107        64,776  

Mediobanca Banca di Credito Finanziario SpA(a)

     4,253        63,433  

Poste Italiane SpA(a)(b)

     5,965        74,762  

Snam SpA(a)

     8,272        39,094  

Terna – Rete Elettrica Nazionale(a)

     7,604        62,906  

UniCredit SpA

     5,005        190,135  

UnipolSai Assicurazioni SpA(a)

     13,567        39,327  
     

 

 

 
Total Italy               2,077,896  
Japan – 1.5%      

AGC, Inc.

     800        29,221  

ENEOS Holdings, Inc.

     3,100        14,979  

Haseko Corp.(a)

     2,100        26,308  

Isuzu Motors Ltd.(a)

     3,000        40,735  

Japan Post Holdings Co. Ltd.

     11,700        118,434  

Japan Tobacco, Inc.

     12,900        345,546  

MS&AD Insurance Group Holdings, Inc.

     4,700        84,190  

Nippon Steel Corp.(a)

     6,200        150,263  

Niterra Co. Ltd.(a)

     2,100        70,543  

SBI Holdings, Inc.

     2,100        54,822  

Sekisui House Ltd.

     2,800      65,030  

SoftBank Corp.(a)

     15,500        199,812  

Sojitz Corp.(a)

     2,100        55,322  

Sompo Holdings, Inc.

     3,500        73,772  

Sumitomo Corp.

     5,986        144,444  

Sumitomo Mitsui Trust Holdings, Inc.

     2,100        45,900  

Takeda Pharmaceutical Co. Ltd.(a)

     5,000        138,227  

Tosoh Corp.(a)

     2,600        35,424  
     

 

 

 
Total Japan               1,692,972  
Malaysia – 0.6%      

CIMB Group Holdings Bhd.

     77,300        108,445  

HAP Seng Consolidated Bhd.

     13,900        13,128  

Kuala Lumpur Kepong Bhd.

     6,000        28,447  

Malayan Banking Bhd.

     80,793        165,410  

Maxis Bhd.

     33,000        23,497  

MISC Bhd.

     30,800        49,913  

Petronas Gas Bhd.

     18,300        68,127  

Public Bank Bhd.

     130,500        116,355  

RHB Bank Bhd.

     10,667        12,779  

Sime Darby Bhd.

     53,300        29,279  
     

 

 

 
Total Malaysia               615,380  
Mexico – 1.0%      

Arca Continental SAB de CV

     5,068        55,325  

Banco del Bajio SA(b)

     11,307        44,080  

Coca-Cola Femsa SAB de CV

     5,750        55,481  

Fibra Uno Administracion SA de CV

     50,991        84,700  

Grupo Aeroportuario del Centro Norte SAB de CV

     4,966        48,821  

Grupo Financiero Banorte SAB de CV, Class O

     35,960        381,564  

Grupo Mexico SAB de CV, Series B

     20,215        119,344  

Kimberly-Clark de Mexico SAB de CV, Class A

     19,268        44,745  

Orbia Advance Corp. SAB de CV

     2,039        4,260  

Promotora y Operadora de Infraestructura SAB de CV

     4,965        52,575  

Wal-Mart de Mexico SAB de CV

     44,492        179,341  
     

 

 

 
Total Mexico               1,070,236  
Netherlands – 0.5%      

Aegon Ltd.

     10,279        62,722  

ING Groep NV, Series N(a)

     20,861        343,491  

Koninklijke KPN NV

     26,959        100,915  

Koninklijke Vopak NV

     722        27,861  

Randstad NV(a)

     536        28,319  

SBM Offshore NV(a)

     739        11,804  

Signify NV(b)

     554        17,100  
     

 

 

 
Total Netherlands               592,212  
Norway – 0.5%      

Aker BP ASA

     4,063        101,045  

DNB Bank ASA

     7,112        141,013  

Gjensidige Forsikring ASA

     3,114        45,123  

SpareBank 1 SR-Bank ASA

     3,770        47,261  

Telenor ASA

     4,859        54,083  

Var Energi ASA

     22,718        74,655  

Wallenius Wilhelmsen ASA

     5,385        43,855  
     

 

 

 
Total Norway               507,035  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2024

 

 

 

Investments    Shares      Value  
Philippines – 0.1%      

International Container Terminal Services, Inc.

     12,290      $ 69,523  

PLDT, Inc.

     850        20,715  
     

 

 

 
Total Philippines               90,238  
Poland – 0.3%      

Bank Polska Kasa Opieki SA

     1,672        76,247  

ORLEN SA

     9,288        151,580  

Powszechny Zaklad Ubezpieczen SA

     4,431        54,235  
     

 

 

 
Total Poland               282,062  
Portugal – 0.2%      

EDP – Energias de Portugal SA

     22,609        88,148  

Galp Energia SGPS SA

     2,680        44,328  

Navigator Co. SA

     11,159        48,809  
     

 

 

 
Total Portugal               181,285  
Russia – 0.0%      

Evraz PLC*

     5,263        0  

Magnit PJSC*

     447        0  

Magnitogorsk Iron & Steel Works PJSC, GDR*(c)

     1,299        0  

MMC Norilsk Nickel PJSC*

     321        0  

MMC Norilsk Nickel PJSC, ADR*

     5        0  

Mobile TeleSystems PJSC, ADR*

     3,583        0  

Novolipetsk Steel PJSC*

     11,640        0  

PhosAgro PJSC*

     247        0  

PhosAgro PJSC, GDR*

     4        0  

Polyus PJSC*

     83        0  

Sberbank of Russia PJSC*

     14,088        0  

Sberbank of Russia PJSC, ADR*

     6,465        0  

Severstal PAO, GDR*(c)

     1,737        0  

Tatneft PJSC*

     2,124        0  

Tatneft PJSC, ADR*

     85        0  
     

 

 

 
Total Russia               0  
Saudi Arabia – 0.6%      

Arabian Centres Co. Ltd.

     4,044        27,388  

Banque Saudi Fransi

     4,670        48,499  

Jarir Marketing Co.

     11,039        43,267  

Riyad Bank

     7,389        58,710  

SABIC Agri-Nutrients Co.

     2,545        83,193  

Sahara International Petrochemical Co.

     989        8,161  

Saudi Aramco Base Oil Co.

     1,247        55,659  

Saudi Awwal Bank

     4,821        53,345  

Saudi Basic Industries Corp.

     4,345        90,480  

Saudi Cement Co.

     3,049        37,884  

Saudi Telecom Co.

     12,035        127,073  
     

 

 

 
Total Saudi Arabia               633,659  
Singapore – 1.1%      

DBS Group Holdings Ltd.

     12,514        334,084  

Genting Singapore Ltd.

     70,600        46,296  

Keppel Ltd.

     6,400        34,807  

Netlink NBN Trust(c)

     71,700        45,424  

Oversea-Chinese Banking Corp. Ltd.

     27,813        278,006  

Singapore Airlines Ltd.(a)

     19,900        94,369  

Singapore Technologies Engineering Ltd.

     13,717        40,858  

Singapore Telecommunications Ltd.

     92,000      172,466  

United Overseas Bank Ltd.

     6,913        150,133  

Venture Corp. Ltd.

     2,200        23,262  
     

 

 

 
Total Singapore               1,219,705  
South Africa – 0.5%      

Absa Group Ltd.

     1,262        9,872  

Anglo American Platinum Ltd.(a)

     380        15,422  

FirstRand Ltd.(a)

     28,605        93,249  

Nedbank Group Ltd.

     4,292        51,829  

Old Mutual Ltd.

     66,184        41,067  

Sanlam Ltd.

     12,062        44,200  

Sasol Ltd.

     6,309        48,773  

Standard Bank Group Ltd.

     16,939        165,702  

Vodacom Group Ltd.

     8,873        46,178  

Woolworths Holdings Ltd.

     12,362        38,654  
     

 

 

 
Total South Africa               554,946  
South Korea – 0.6%      

DB Insurance Co. Ltd.

     657        46,216  

GS Holdings Corp.

     1,105        39,603  

Hana Financial Group, Inc.

     2,683        114,993  

Industrial Bank of Korea

     2,360        23,666  

KB Financial Group, Inc.

     1,844        95,196  

KT&G Corp.

     705        48,964  

Samsung Fire & Marine Insurance Co. Ltd.

     197        44,778  

Samsung Life Insurance Co. Ltd.

     498        34,143  

Shinhan Financial Group Co. Ltd.

     1,899        64,887  

Woori Financial Group, Inc.

     16,114        171,404  
     

 

 

 
Total South Korea               683,850  
Spain – 1.8%      

Acerinox SA

     2,964        32,539  

ACS Actividades de Construccion y Servicios SA

     1,542        64,583  

Banco Bilbao Vizcaya Argentaria SA

     33,154        395,302  

Bankinter SA(a)

     3,883        28,441  

CaixaBank SA(a)

     31,975        155,157  

Enagas SA(a)

     2,528        37,582  

Endesa SA

     10,426        193,279  

Fluidra SA

     1,430        33,853  

Fomento de Construcciones y Contratas SA

     1,647        22,483  

Iberdrola SA

     36,496        453,083  

Inmobiliaria Colonial Socimi SA(a)

     1,781        10,560  

Mapfre SA(a)

     20,766        52,525  

Merlin Properties Socimi SA

     2,655        28,602  

Naturgy Energy Group SA(a)

     6,520        141,536  

Redeia Corp. SA

     3,814        65,103  

Repsol SA

     5,614        93,615  

Telefonica SA

     32,078        141,660  
     

 

 

 
Total Spain               1,949,903  
Sweden – 0.4%      

H & M Hennes & Mauritz AB, Class B

     4,563        74,501  

Skandinaviska Enskilda Banken AB, Class A

     9,775        132,511  

Skanska AB, Class B(a)

     2,627        46,803  

SKF AB, Class B(a)

     1,554        31,755  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2024

 

 

 

Investments    Shares      Value  

Svenska Handelsbanken AB, Class A(a)

     6,513      $ 65,936  

Swedbank AB, Class A(a)

     6,264        124,371  
     

 

 

 
Total Sweden               475,877  
Switzerland – 1.6%      

Adecco Group AG, Registered Shares

     1,295        51,271  

Baloise Holding AG, Registered Shares

     150        23,532  

Helvetia Holding AG, Registered Shares(a)

     405        55,892  

Holcim AG, Registered Shares

     3,481        315,597  

Julius Baer Group Ltd.

     1,051        60,771  

Kuehne & Nagel International AG, Registered Shares

     786        219,036  

SGS SA, Registered Shares*(a)

     1,124        109,193  

Swiss Life Holding AG, Registered Shares

     106        74,401  

Swiss Prime Site AG, Registered Shares

     737        69,592  

Swiss Re AG

     1,874        241,246  

Swisscom AG, Registered Shares*

     254        155,496  

Zurich Insurance Group AG

     794        428,691  
     

 

 

 
Total Switzerland               1,804,718  
Taiwan – 2.6%      

ASE Technology Holding Co. Ltd.

     52,000        261,596  

Asia Cement Corp.

     21,000        27,100  

Asustek Computer, Inc.

     4,000        53,682  

Chunghwa Telecom Co. Ltd.

     38,000        149,609  

Compal Electronics, Inc.

     47,000        53,163  

CTBC Financial Holding Co. Ltd.

     85,480        88,275  

Far Eastern New Century Corp.

     41,000        42,597  

Far EasTone Telecommunications Co. Ltd.

     2,000        5,093  

Formosa Plastics Corp.

     26,000        55,975  

Giant Manufacturing Co. Ltd.

     6,217        42,252  

Hon Hai Precision Industry Co. Ltd.

     64,000        299,967  

Lite-On Technology Corp., ADR

     19,000        59,962  

MediaTek, Inc.

     19,000        709,454  

Micro-Star International Co. Ltd.

     5,000        26,482  

Nan Ya Plastics Corp.

     28,000        48,995  

Novatek Microelectronics Corp.

     7,000        132,111  

Pegatron Corp.

     21,680        69,097  

Pou Chen Corp.

     38,000        42,923  

Powertech Technology, Inc.

     10,000        62,649  

Realtek Semiconductor Corp.

     6,000        104,989  

Shanghai Commercial & Savings Bank Ltd.

     39,000        58,920  

Taiwan Mobile Co. Ltd.

     21,000        67,586  

Uni-President Enterprises Corp.

     30,000        72,648  

Unimicron Technology Corp.

     9,000        53,713  

United Microelectronics Corp.

     102,000        166,369  

Walsin Lihwa Corp.

     38,000        44,586  
     

 

 

 
Total Taiwan               2,799,793  
Thailand – 0.3%      

PTT Exploration & Production PCL, NVDR

     13,300        55,770  

PTT PCL, NVDR

     74,800        69,700  

SCB X PCL, NVDR

     33,700        105,291  

Tisco Financial Group PCL, NVDR

     11,200        30,542  

TMBThanachart Bank PCL, NVDR

     402,400        20,072  
     

 

 

 
Total Thailand               281,375  
Turkey – 0.1%      

Akbank TAS

     36,197      52,340  

Turkiye Petrol Rafinerileri AS

     15,907        87,028  
     

 

 

 
Total Turkey               139,368  
United Kingdom – 3.3%      

Admiral Group PLC

     1,466        52,539  

Barclays PLC

     56,808        131,469  

Bellway PLC

     1,398        47,047  

BP PLC

     55,746        349,078  

British American Tobacco PLC

     17,046        518,093  

British Land Co. PLC

     10,000        49,924  

BT Group PLC(a)

     51,864        71,840  

DS Smith PLC

     12,435        62,316  

Games Workshop Group PLC

     288        36,527  

Hargreaves Lansdown PLC(a)

     4,584        42,620  

HSBC Holdings PLC

     98,280        768,502  

Imperial Brands PLC

     4,892        109,383  

ITV PLC

     35,141        32,806  

J Sainsbury PLC

     975        3,330  

Land Securities Group PLC

     5,667        47,119  

Lloyds Banking Group PLC

     236,087        154,367  

National Grid PLC

     24,466        329,465  

NatWest Group PLC

     42,558        142,737  

Schroders PLC

     8,989        42,764  

Severn Trent PLC

     16        499  

SSE PLC

     8,880        185,091  

St. James’s Place PLC

     4,341        25,472  

Tesco PLC

     35,331        132,378  

TORM PLC, Class A

     1,548        52,493  

United Utilities Group PLC

     2,860        37,177  

Vodafone Group PLC

     238,283        212,092  
     

 

 

 
Total United Kingdom               3,637,128  
United States – 60.0%      

AbbVie, Inc.

     24,980        4,548,858  

AGCO Corp.

     1,346        165,585  

Agree Realty Corp.

     21        1,200  

Alexandria Real Estate Equities, Inc.

     2,135        275,223  

ALLETE, Inc.

     1,257        74,967  

Alliant Energy Corp.

     283        14,263  

Altria Group, Inc.

     55,692        2,429,285  

American Electric Power Co., Inc.

     5,475        471,397  

American Tower Corp.

     4,396        868,606  

Amgen, Inc.

     3,908        1,111,123  

Antero Midstream Corp.

     5,923        83,277  

Associated Banc-Corp.

     1,221        26,264  

Atlantic Union Bankshares Corp.

     907        32,026  

AvalonBay Communities, Inc.

     1,921        356,461  

Avista Corp.

     1,347        47,172  

Bank of America Corp.

     56,630        2,147,410  

Bank of New York Mellon Corp.

     5,734        330,393  

Bank OZK

     1,177        53,506  

Best Buy Co., Inc.

     2,741        224,844  

Black Hills Corp.

     726        39,640  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2024

 

 

 

Investments    Shares      Value  

Bloomin’ Brands, Inc.

     1,527      $ 43,794  

Blue Owl Capital, Inc.

     3,298        62,200  

Bristol-Myers Squibb Co.

     29,646        1,607,703  

Brixmor Property Group, Inc.

     748        17,541  

Broadstone Net Lease, Inc.

     5,642        88,410  

Brookfield Renewable Corp., Class A(a)

     775        19,036  

Cadence Bank

     1,136        32,944  

Cal-Maine Foods, Inc.

     864        50,846  

Camden Property Trust

     1,220        120,048  

Campbell Soup Co.

     2,615        116,237  

CareTrust REIT, Inc.

     2,023        49,300  

Carter’s, Inc.

     656        55,550  

Cathay General Bancorp

     816        30,869  

Chemours Co.

     931        24,448  

Chevron Corp.

     15,817        2,494,974  

Chord Energy Corp.

     388        69,157  

Citigroup, Inc.

     19,217        1,215,283  

Clorox Co.

     344        52,670  

CMS Energy Corp.

     665        40,126  

CNA Financial Corp.

     2,700        122,634  

Coca-Cola Co.

     51,700        3,163,006  

Cogent Communications Holdings, Inc.(a)

     1,068        69,772  

Cohen & Steers, Inc.

     661        50,824  

Columbia Banking System, Inc.

     3,293        63,720  

Comerica, Inc.

     1,850        101,731  

Community Bank System, Inc.

     891        42,795  

Conagra Brands, Inc.

     5,835        172,949  

ConocoPhillips

     10,528        1,340,004  

Consolidated Edison, Inc.

     4,549        413,095  

COPT Defense Properties

     2,129        51,458  

Corebridge Financial, Inc.

     5,320        152,844  

Corning, Inc.

     6,826        224,985  

Cousins Properties, Inc.

     1,734        41,685  

CubeSmart

     4,341        196,300  

Cullen/Frost Bankers, Inc.

     567        63,827  

CVB Financial Corp.

     994        17,733  

CVR Energy, Inc.(a)

     1,305        46,536  

Darden Restaurants, Inc.

     1,479        247,215  

Dick’s Sporting Goods, Inc.

     561        126,146  

Digital Realty Trust, Inc.

     2,872        413,683  

Dominion Energy, Inc.

     12,367        608,333  

Douglas Emmett, Inc.

     1,573        21,817  

Dow, Inc.

     8,970        519,632  

DT Midstream, Inc.

     839        51,263  

DTE Energy Co.

     2,176        244,017  

Duke Energy Corp.

     8,452        817,393  

East West Bancorp, Inc.

     1,134        89,711  

Eastman Chemical Co.

     1,350        135,297  

Edison International

     4,358        308,241  

Energizer Holdings, Inc.

     957        28,174  

Entergy Corp.

     2,350        248,348  

EPR Properties

     1,670        70,891  

Equitrans Midstream Corp.

     4,681        58,466  

Equity Residential

     2,433        153,547  

Essential Properties Realty Trust, Inc.

     519      13,837  

Essential Utilities, Inc.

     2,503        92,736  

Essex Property Trust, Inc.

     674        165,002  

Evergy, Inc.

     2,817        150,371  

Eversource Energy

     2,131        127,370  

Exelon Corp.

     8,838        332,044  

Federal Realty Investment Trust

     1,532        156,448  

Fidelity National Financial, Inc.

     1,402        74,446  

Fifth Third Bancorp

     7,686        285,996  

First American Financial Corp.

     489        29,853  

First Hawaiian, Inc.

     1,575        34,587  

First Interstate BancSystem, Inc., Class A

     2,341        63,699  

FirstEnergy Corp.

     4,172        161,123  

Flowers Foods, Inc.

     3,513        83,434  

FNB Corp.(a)

     1,904        26,846  

Franklin Resources, Inc.

     1,902        53,465  

Gaming & Leisure Properties, Inc.

     5,807        267,528  

Gap, Inc.

     3,393        93,477  

General Mills, Inc.

     5,085        355,797  

Gilead Sciences, Inc.

     17,315        1,268,324  

Glacier Bancorp, Inc.

     1,238        49,867  

Goldman Sachs Group, Inc.

     2,245        937,714  

GSK PLC

     16,572        357,688  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.(a)

     2,440        69,296  

Hasbro, Inc.

     189        10,682  

Host Hotels & Resorts, Inc.

     7,900        163,372  

HP, Inc.

     9,283        280,532  

Huntsman Corp.

     1,478        38,472  

Independence Realty Trust, Inc.

     3,213        51,826  

Independent Bank Corp.

     778        40,472  

Ingredion, Inc.

     805        94,064  

Innovative Industrial Properties, Inc.

     591        61,192  

International Business Machines Corp.

     9,708        1,853,840  

International Paper Co.

     4,051        158,070  

Interpublic Group of Cos., Inc.

     3,620        118,121  

Invesco Ltd.

     3,952        65,564  

Iron Mountain, Inc.

     2,976        238,705  

Jackson Financial, Inc., Class A

     1,051        69,513  

Jefferies Financial Group, Inc.

     1,294        57,065  

Juniper Networks, Inc.

     1,069        39,617  

Kellanova

     3,785        216,843  

Kennedy-Wilson Holdings, Inc.

     2,597        22,282  

Kenvue, Inc.

     18,299        392,697  

Kilroy Realty Corp.

     2,306        84,008  

Kimberly-Clark Corp.

     4,532        586,214  

Kimco Realty Corp.

     8,486        166,410  

Kohl’s Corp.

     2,884        84,069  

Kontoor Brands, Inc.

     635        38,259  

Kraft Heinz Co.

     14,040        518,076  

Lamar Advertising Co., Class A

     1,980        236,432  

LCI Industries(a)

     195        23,997  

Leggett & Platt, Inc.

     2,856        54,692  

Lincoln National Corp.

     2,856        91,192  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2024

 

 

 

Investments    Shares      Value  

LXP Industrial Trust

     5,017      $ 45,253  

M&T Bank Corp.

     1,378        200,416  

Macy’s, Inc.

     2,933        58,631  

ManpowerGroup, Inc.

     492        38,199  

MDC Holdings, Inc.

     1,101        69,264  

MetLife, Inc.

     4,754        352,319  

Mid-America Apartment Communities, Inc.

     1,281        168,554  

Moelis & Co., Class A

     789        44,792  

Morgan Stanley

     13,630        1,283,401  

MSC Industrial Direct Co., Inc., Class A

     312        30,276  

National Fuel Gas Co.

     1,355        72,791  

National Health Investors, Inc.

     1,251        78,600  

National Storage Affiliates Trust

     1,789        70,057  

Navient Corp.

     1,941        33,773  

New Jersey Resources Corp.

     155        6,651  

New York Community Bancorp, Inc.(a)

     8,616        27,744  

Nexstar Media Group, Inc.(a)

     343        59,095  

NiSource, Inc.

     2,234        61,792  

NNN REIT, Inc.

     4,312        184,295  

Nordstrom, Inc.

     1,126        22,824  

Northern Oil & Gas, Inc.(a)

     863        34,244  

Northwestern Energy Group, Inc.

     1,024        52,152  

NRG Energy, Inc.

     2,235        151,287  

OGE Energy Corp.

     3,769        129,277  

Old National Bancorp

     1,675        29,162  

Old Republic International Corp.

     393        12,073  

Omnicom Group, Inc.

     1,527        147,753  

ONE Gas, Inc.

     877        56,593  

OneMain Holdings, Inc.

     3,704        189,237  

ONEOK, Inc.

     7,888        632,381  

Organon & Co.

     407        7,652  

PACCAR, Inc.

     5,718        708,403  

Pacific Premier Bancorp, Inc.

     918        22,032  

Packaging Corp. of America

     922        174,977  

Park Hotels & Resorts, Inc.

     3,575        62,527  

Patterson Cos., Inc.

     588        16,258  

Pfizer, Inc.

     63,195        1,753,661  

Philip Morris International, Inc.

     20,164        1,847,426  

Phillips 66

     3,978        649,767  

Phillips Edison & Co., Inc.

     980        35,153  

Pinnacle West Capital Corp.

     1,363        101,857  

Pioneer Natural Resources Co.

     3,848        1,010,100  

PNC Financial Services Group, Inc.

     3,147        508,555  

Portland General Electric Co.

     920        38,640  

PotlatchDeltic Corp.

     887        41,707  

PPL Corp.

     7,664        210,990  

Premier, Inc., Class A

     2,067        45,681  

Principal Financial Group, Inc.

     1,153        99,515  

Prosperity Bancshares, Inc.

     1,104        72,621  

Prudential Financial, Inc.

     3,545        416,183  

Public Service Enterprise Group, Inc.

     6,822        455,573  

Public Storage

     1,892        548,794  

Radian Group, Inc.

     1,085        36,315  

Rayonier, Inc.

     1,392        46,270  

Realty Income Corp.

     13,590      735,219  

Regency Centers Corp.

     1,987        120,333  

Regions Financial Corp.

     10,866        228,621  

Reynolds Consumer Products, Inc.

     1,197        34,186  

Ryman Hospitality Properties, Inc.

     1,001        115,726  

Sabra Health Care REIT, Inc.

     3,310        48,889  

Scotts Miracle-Gro Co.(a)

     615        45,873  

Sempra

     5,492        394,490  

Simmons First National Corp., Class A

     639        12,435  

Simon Property Group, Inc.

     8,281        1,295,894  

SITE Centers Corp.

     3,562        52,183  

SL Green Realty Corp.

     1,513        83,412  

Sonoco Products Co.(a)

     1,268        73,341  

Southern Co.

     10,190        731,031  

Southwest Gas Holdings, Inc.

     416        31,670  

Spire, Inc.

     895        54,926  

STAG Industrial, Inc.

     2,945        113,206  

State Street Corp.

     2,416        186,805  

Stellantis NV(a)

     25,243        718,229  

Synovus Financial Corp.

     2,276        91,177  

T Rowe Price Group, Inc.

     2,113        257,617  

Tanger, Inc.

     1,875        55,369  

Tapestry, Inc.

     2,224        105,596  

Target Corp.

     4,418        782,914  

TFS Financial Corp.

     5,983        75,146  

Travel & Leisure Co.

     829        40,588  

Trinity Industries, Inc.

     1,225        34,116  

Tronox Holdings PLC(a)

     3,158        54,791  

U.S. Bancorp

     17,835        797,224  

UDR, Inc.

     4,057        151,772  

UGI Corp.

     289        7,092  

United Bankshares, Inc.

     1,337        47,851  

United Community Banks, Inc.

     1,657        43,612  

United Parcel Service, Inc., Class B

     7,104        1,055,868  

Vail Resorts, Inc.

     361        80,442  

Valley National Bancorp(a)

     4,061        32,326  

Ventas, Inc.

     4,172        181,649  

Viatris, Inc.

     14,664        175,088  

VICI Properties, Inc.

     20,966        624,577  

Victory Capital Holdings, Inc., Class A

     447        18,966  

Webster Financial Corp.

     20        1,015  

WEC Energy Group, Inc.

     1,610        132,213  

Wendy’s Co.

     3,027        57,029  

Western Union Co.

     4,785        66,894  

Williams Cos., Inc.

     13,519        526,835  

WP Carey, Inc.

     4,273        241,168  

Xcel Energy, Inc.

     7,235        388,881  

Xerox Holdings Corp.(a)

     2,887        51,677  

Zions Bancorp NA

     1,365        59,241  
     

 

 

 
Total United States               65,646,680  

TOTAL COMMON STOCKS

(Cost: $96,585,270)

              108,811,135  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2024

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.4%

 

United States – 5.4%      

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(d)

     

(Cost: $5,892,928)

     5,892,928      $ 5,892,928  

TOTAL INVESTMENTS IN SECURITIES – 104.8%

(Cost: $102,478,198)

        114,704,063  

Other Assets less Liabilities – (4.8)%

        (5,255,777
     

 

 

 
NET ASSETS – 100.0%             $ 109,448,286  

 

* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $8,304,858. The Fund also had seurities on loan having a total market value of $1,210 that were sold and pending settlement. The total market value of the collateral held by the Fund was $8,802,392. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,909,464.

 

(b) 

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

 

(c)

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2024
    Dividend
Income
 

WisdomTree International High Dividend Fund^

  $ 124,207     $ 1,064,751     $ 1,199,124     $ 26,577     $ (16,411   $     $ 20,024  

WisdomTree U.S. High Dividend Fund^

    77,663       341,656       418,689       (558     (72           4,263  

Total

  $ 201,870     $ 1,406,407     $ 1,617,813     $ 26,019     $ (16,483   $     $ 24,287  
^ 

As of March 31, 2024, the Fund did not hold a position in this affiliate.

 

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 NA

    4/2/2024       16,278       USD       21,921,042       KRW     $     $ (6

Goldman Sachs

    4/2/2024       14,795       USD       55,491       SAR             (0 )^ 

JP Morgan Chase Bank NA

    4/1/2024       40,341       USD       1,291,434       TWD             (12

JP Morgan Chase Bank NA

    4/2/2024       38,019       USD       190,304       BRL       0 ^       

Merrill Lynch International

    4/2/2024       13,987       USD       66,116       MYR       18        

State Street Bank and Trust

    4/3/2024       2,074       USD       116,440       PHP       3        
                                            $ 21     $ (18
^ 

Amount represents less than $1.

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2024

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

           

Russia

   $      $      $ 0 *     $ 0  

Other

     108,811,135                      108,811,135  

Investment of Cash Collateral for Securities Loaned

            5,892,928               5,892,928  

Total Investments in Securities

   $ 108,811,135      $ 5,892,928      $ 0      $ 114,704,063  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 21      $      $ 21  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (18    $      $ (18

Total – Net

   $ 108,811,135      $ 5,892,931      $ 0      $ 114,704,066  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Schedule of Investments

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 102.0%      
India – 102.0%      
Aerospace & Defense – 1.1%      

Bharat Dynamics Ltd.(a)

     78,589      $ 1,650,791  

Bharat Electronics Ltd.

     5,803,793        14,021,933  

Hindustan Aeronautics Ltd.(a)

     371,508        14,819,785  

Mazagon Dock Shipbuilders Ltd.

     53,572        1,197,369  
     

 

 

 
Total Aerospace & Defense

 

     31,689,878  
Air Freight & Logistics – 0.0%      

Allcargo Logistics Ltd.*

     320,009        274,724  

Blue Dart Express Ltd.

     2,112        156,596  

TCI Express Ltd.

     6,127        75,222  

Transport Corp. of India Ltd.

     41,150        400,436  
     

 

 

 
Total Air Freight & Logistics

 

     906,978  
Automobile Components – 1.1%      

Apollo Tyres Ltd.

     533,317        2,982,713  

Asahi India Glass Ltd.

     50,091        322,128  

Automotive Axles Ltd.

     2,088        43,998  

Balkrishna Industries Ltd.

     103,176        2,866,759  

Bharat Forge Ltd.

     232,474        3,148,618  

Bosch Ltd.

     7,048        2,537,821  

Ceat Ltd.

     18,409        592,072  

Endurance Technologies Ltd.(b)

     36,686        803,637  

Exide Industries Ltd.

     1,283,270        4,685,949  

FIEM Industries Ltd.

     16,229        220,418  

Gabriel India Ltd.

     12        48  

JK Tyre & Industries Ltd.

     498,174        2,580,691  

Minda Corp. Ltd.

     32,025        160,389  

Motherson Sumi Wiring India Ltd.

     801,355        635,108  

Pricol Ltd.*

     55,689        260,008  

Samvardhana Motherson International Ltd.

     2,456,552        3,449,084  

Sansera Engineering Ltd.(b)

     34,731        424,068  

Sona Blw Precision Forgings Ltd.(b)

     14,112        119,449  

Sundram Fasteners Ltd.

     107,961        1,415,619  

Suprajit Engineering Ltd.

     4,296        21,230  

Tube Investments of India Ltd.

     85,263        3,819,954  

UNO Minda Ltd.

     147,235        1,208,827  
     

 

 

 
Total Automobile Components

 

     32,298,588  
Automobiles – 5.1%      

Bajaj Auto Ltd.

     177,989        19,523,037  

Eicher Motors Ltd.

     209,429        10,092,719  

Hero MotoCorp Ltd.

     308,733        17,480,649  

Mahindra & Mahindra Ltd.

     2,506,001        57,730,944  

Maruti Suzuki India Ltd.

     170,339        25,734,612  

Tata Motors Ltd.

     895,590        10,660,852  

TVS Motor Co. Ltd.

     241,094        6,220,415  
     

 

 

 
Total Automobiles

 

     147,443,228  
Banks – 20.2%      

AU Small Finance Bank Ltd.(b)

     440,460        2,983,842  

Axis Bank Ltd.

     3,604,837        45,262,256  

Bandhan Bank Ltd.(b)

     1,964,251        4,239,264  

Bank of Baroda

     5,963,606        18,880,611  

Bank of India

     4,130,979      $ 6,788,174  

Bank of Maharashtra

     4,483,725        3,351,941  

Canara Bank

     2,475,713        17,247,841  

Central Bank of India Ltd.*

     2,573,949        1,845,534  

City Union Bank Ltd.

     1,583,364        2,565,770  

DCB Bank Ltd.

     1,104,581        1,581,331  

Equitas Small Finance Bank Ltd.(b)

     903,975        1,003,122  

Federal Bank Ltd.

     7,496,654        13,500,764  

HDFC Bank Ltd.

     8,651,480        150,193,074  

ICICI Bank Ltd.

     11,098,039        145,481,083  

IDBI Bank Ltd.

     2,570,788        2,496,734  

IDFC First Bank Ltd.*

     3,481,335        3,147,300  

Indian Bank

     1,446,853        9,033,019  

Indian Overseas Bank*

     2,283,182        1,641,159  

Jammu & Kashmir Bank Ltd.

     2,209,436        3,555,125  

Karnataka Bank Ltd.

     1,470,379        3,968,494  

Karur Vysya Bank Ltd.

     2,431,912        5,327,302  

Kotak Mahindra Bank Ltd.

     1,775,060        38,000,895  

Punjab National Bank

     5,897,923        8,797,118  

RBL Bank Ltd.(b)

     992,924        2,860,821  

South Indian Bank Ltd.

     4,396,161        1,436,352  

State Bank of India

     7,757,066        69,974,265  

UCO Bank*

     945,240        591,607  

Ujjivan Small Finance Bank Ltd.(b)

     1,023,793        543,797  

Union Bank of India Ltd.

     8,696,520        16,005,705  
     

 

 

 
Total Banks

 

     582,304,300  
Beverages – 0.4%      

Globus Spirits Ltd.

     2,920        23,300  

Radico Khaitan Ltd.

     116,784        2,419,275  

United Breweries Ltd.

     36,591        761,609  

United Spirits Ltd.

     151,067        2,054,468  

Varun Beverages Ltd.

     291,097        4,881,487  
     

 

 

 
Total Beverages

 

     10,140,139  
Biotechnology – 0.0%      

Biocon Ltd.

     301,645        955,361  
Broadline Retail – 0.0%      

Shoppers Stop Ltd.*

     34,928        316,185  
Building Products – 0.2%      

Astral Ltd.

     48,010        1,146,248  

Blue Star Ltd.

     133,864        2,044,334  

Carysil Ltd.

     6,726        79,189  

Electrosteel Castings Ltd.

     1,251,587        2,674,174  

Kajaria Ceramics Ltd.

     25,022        346,472  

Prince Pipes & Fittings Ltd.*

     42,649        280,867  
     

 

 

 
Total Building Products

 

     6,571,284  
Capital Markets – 1.2%      

360 ONE WAM Ltd.

     162,553        1,316,757  

Anand Rathi Wealth Ltd.

     17,284        765,602  

Angel One Ltd.

     79,976        2,919,900  

CRISIL Ltd.

     18,981        1,153,391  

HDFC Asset Management Co. Ltd.(b)

     105,866        4,765,223  

ICICI Securities Ltd.(b)

     181,395        1,582,591  

IDFC Ltd.*

     11,625,256        15,430,183  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2024

 

 

 

Investments    Shares      Value  

Indian Energy Exchange Ltd.(b)

     452,406      $ 728,764  

Multi Commodity Exchange of India Ltd.

     40,628        1,631,696  

Nippon Life India Asset Management Ltd.(b)

     162,657        918,868  

Share India Securities Ltd.(a)

     5,958        114,688  

UTI Asset Management Co. Ltd.

     161,204        1,571,402  
     

 

 

 
Total Capital Markets

 

     32,899,065  
Chemicals – 3.5%      

Aarti Industries Ltd.

     292,321        2,332,715  

Alkyl Amines Chemicals

     12,478        271,378  

Asian Paints Ltd.

     195,290        6,665,769  

Atul Ltd.

     8,635        594,337  

Balaji Amines Ltd.

     47,335        1,160,779  

Berger Paints India Ltd.

     340,171        2,337,281  

Bhansali Engineering Polymers Ltd.

     7,046        7,548  

Camlin Fine Sciences Ltd.*

     6,750        7,223  

Carborundum Universal Ltd.

     13,711        208,511  

Castrol India Ltd.

     1,110,884        2,476,771  

Chambal Fertilisers & Chemicals Ltd.

     449,679        1,843,952  

Chemplast Sanmar Ltd.*

     3,610        19,478  

Coromandel International Ltd.

     246,362        3,175,582  

DCM Shriram Ltd.

     220,860        2,262,158  

Deepak Fertilisers & Petrochemicals Corp. Ltd.

     536,925        3,245,273  

Deepak Nitrite Ltd.

     120,045        3,059,329  

EID Parry India Ltd.

     372,716        2,438,669  

Finolex Industries Ltd.

     693,594        2,049,534  

Galaxy Surfactants Ltd.(a)

     14,982        407,996  

GHCL Ltd.

     694,076        3,688,729  

Gujarat Alkalies & Chemicals Ltd.

     78,178        631,264  

Gujarat Fluorochemicals Ltd.

     73,973        2,747,163  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     515,443        3,863,235  

Himadri Speciality Chemical Ltd.

     436,229        1,581,152  

India Glycols Ltd.

     341        3,095  

Jubilant Ingrevia Ltd.

     166,717        904,922  

Kansai Nerolac Paints Ltd.

     186,685        587,011  

Kiri Industries Ltd.*

     48        174  

Linde India Ltd.

     14,044        1,079,175  

Manali Petrochemicals Ltd.

     164,544        110,876  

Navin Fluorine International Ltd.

     61,674        2,302,945  

NOCIL Ltd.

     13,915        41,727  

PCBL Ltd.

     274,791        882,007  

PI Industries Ltd.

     62,785        2,911,473  

Pidilite Industries Ltd.

     82,325        2,975,752  

Polyplex Corp. Ltd.

     175,747        1,613,495  

Rain Industries Ltd.

     1,977,569        3,573,270  

Rallis India Ltd.

     461,673        1,386,638  

Rashtriya Chemicals & Fertilizers Ltd.

     715,012        1,099,491  

Sharda Cropchem Ltd.

     54,238        208,849  

Solar Industries India Ltd.

     8,464        891,205  

SRF Ltd.

     215,217        6,606,628  

Styrenix Performance Materials Ltd.

     6,089        104,477  

Sudarshan Chemical Industries Ltd.

     234,040        1,711,752  

Sumitomo Chemical India Ltd.

     49,214        205,200  

Supreme Industries Ltd.

     69,697      3,536,724  

Tata Chemicals Ltd.

     448,410        5,811,413  

Thirumalai Chemicals Ltd.

     421,593        1,182,599  

UPL Ltd.

     2,266,228        12,390,516  

Valiant Organics Ltd.*(b)

     1,331        6,077  

Vinati Organics Ltd.

     26,937        474,968  
     

 

 

 
Total Chemicals

 

     99,678,285  
Commercial Services & Supplies – 0.1%      

CMS Info Systems Ltd.

     27,846        130,428  

Indian Railway Catering & Tourism Corp. Ltd.

     238,461        2,658,160  
     

 

 

 
Total Commercial Services & Supplies

 

     2,788,588  
Communications Equipment – 0.0%      

Sterlite Technologies Ltd.

     308,890        410,360  
Construction & Engineering – 2.4%      

Ashoka Buildcon Ltd.*

     1,673,016        3,141,324  

Engineers India Ltd.

     9,686        23,454  

G R Infraprojects Ltd.*

     80,980        1,270,202  

HG Infra Engineering Ltd.(a)

     13,086        142,608  

IRB Infrastructure Developers Ltd.

     2,214,260        1,554,449  

J Kumar Infraprojects Ltd.

     74,189        561,338  

Kalpataru Projects International Ltd.

     146,517        1,879,455  

KEC International Ltd.

     215,619        1,794,832  

KNR Constructions Ltd.

     431,922        1,275,530  

Larsen & Toubro Ltd.

     886,259        39,996,286  

NBCC India Ltd.

     1,675,168        2,388,148  

NCC Ltd.

     2,203,414        6,138,464  

PNC Infratech Ltd.(a)

     337,301        1,764,711  

Power Mech Projects Ltd.

     648        38,929  

Praj Industries Ltd.

     6,154        39,325  

PSP Projects Ltd.(a)

     21,306        175,731  

Rail Vikas Nigam Ltd.(a)

     1,360,129        4,124,296  

Voltas Ltd.

     169,246        2,239,398  

Welspun Enterprises Ltd.

     439,229        1,601,505  
     

 

 

 
Total Construction & Engineering

 

     70,149,985  
Construction Materials – 2.3%      

ACC Ltd.

     109,797        3,280,252  

Ambuja Cements Ltd.

     1,034,600        7,596,143  

Dalmia Bharat Ltd.

     124,061        2,888,943  

Grasim Industries Ltd.

     1,011,959        27,752,811  

JK Cement Ltd.

     43,631        2,132,388  

JK Lakshmi Cement Ltd.

     217,470        2,283,366  

Orient Cement Ltd.

     540,447        1,268,781  

Ramco Cements Ltd.

     81,008        787,279  

Shree Cement Ltd.

     6,500        2,001,601  

UltraTech Cement Ltd.

     132,559        15,495,190  
     

 

 

 
Total Construction Materials

 

     65,486,754  
Consumer Finance – 0.2%      

Cholamandalam Financial Holdings Ltd.

     271,802        3,622,288  

SBI Cards & Payment Services Ltd.

     151,544        1,240,207  
     

 

 

 
Total Consumer Finance

 

     4,862,495  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2024

 

 

 

Investments    Shares      Value  
Consumer Staples Distribution & Retail – 0.2%

 

  

Avenue Supermarts Ltd.*(b)

     72,005      $ 3,907,147  

Medplus Health Services Ltd.*

     26,516        218,687  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     4,125,834  
Containers & Packaging – 0.0%

 

  

AGI Greenpac Ltd.

     59,787        520,791  

EPL Ltd.

     21,610        46,457  

Time Technoplast Ltd.

     42,703        127,824  

Uflex Ltd.

     31,762        153,931  
     

 

 

 
Total Containers & Packaging

 

     849,003  
Diversified Telecommunication Services – 0.5%

 

  

HFCL Ltd.

     1,201,254        1,322,204  

Indus Towers Ltd.*

     2,257,163        7,879,536  

Railtel Corp. of India Ltd.

     1,765        7,698  

Tata Communications Ltd.

     221,333        5,335,186  
     

 

 

 
Total Diversified Telecommunication Services

 

     14,544,624  
Electric Utilities – 3.4%      

Adani Energy Solutions Ltd.*

     183,786        2,262,439  

CESC Ltd.

     3,669,734        5,352,635  

Power Grid Corp. of India Ltd.

     20,137,095        66,856,050  

SJVN Ltd.

     228,803        333,044  

Tata Power Co. Ltd.

     3,143,985        14,859,973  

Torrent Power Ltd.

     511,873        8,334,258  
     

 

 

 
Total Electric Utilities

 

     97,998,399  
Electrical Equipment – 1.5%      

ABB India Ltd.

     28,061        2,140,125  

Amara Raja Energy & Mobility Ltd.

     246,304        2,245,611  

Bharat Heavy Electricals Ltd.

     603,461        1,789,346  

CG Power & Industrial Solutions Ltd.

     103,112        668,724  

Finolex Cables Ltd.

     117,307        1,407,923  

Havells India Ltd.

     223,895        4,067,036  

HEG Ltd.

     43,708        966,395  

KEI Industries Ltd.

     139,422        5,783,666  

Polycab India Ltd.

     45,321        2,752,326  

Suzlon Energy Ltd.*

     42,015,467        20,352,206  
     

 

 

 
Total Electrical Equipment

 

     42,173,358  
Electronic Equipment, Instruments & Components – 0.3%

 

  

Redington Ltd.

     2,849,324        7,121,388  
Entertainment – 0.1%      

Saregama India Ltd.

     293,162        1,220,944  
Financial Services – 0.4%      

Aditya Birla Capital Ltd.*

     1,889,835        3,974,426  

Bajaj Finserv Ltd.

     391,748        7,721,291  

Infibeam Avenues Ltd.

     1,470,457        601,212  
     

 

 

 
Total Financial Services

 

     12,296,929  
Food Products – 1.1%      

Adani Wilmar Ltd.*

     150,521        580,048  

Avanti Feeds Ltd.

     101,796        591,046  

Balrampur Chini Mills Ltd.

     273,373        1,186,384  

Britannia Industries Ltd.

     124,419        7,326,553  

CCL Products India Ltd.

     167,947        1,180,628  

Dalmia Bharat Sugar & Industries Ltd.

     8      33  

Dhampur Sugar Mills Ltd.

     564        1,405  

Dwarikesh Sugar Industries Ltd.*

     8,607        7,172  

Godrej Agrovet Ltd.(b)

     4,340        25,342  

Gujarat Ambuja Exports Ltd.

     476,086        912,471  

Kaveri Seed Co. Ltd.

     109,658        819,584  

KRBL Ltd.

     155,007        515,466  

LT Foods Ltd.

     564,717        1,270,575  

Marico Ltd.

     547,569        3,264,306  

Mrs. Bectors Food Specialities Ltd.(a)

     43,932        587,165  

Nestle India Ltd.

     167,220        5,257,748  

Patanjali Foods Ltd.

     86,865        1,393,964  

Tata Consumer Products Ltd.

     359,506        4,725,163  

Triveni Engineering & Industries Ltd.

     628,687        2,345,068  

Vadilal Industries Ltd.

     5,824        303,310  

Venky’s India Ltd.

     13,920        256,903  

Zydus Wellnes Ltd.

     2,910        51,485  
     

 

 

 
Total Food Products

 

     32,601,819  
Gas Utilities – 1.3%      

Adani Total Gas Ltd.

     29,287        325,360  

GAIL India Ltd.

     9,775,303        21,220,210  

Gujarat Gas Ltd.

     408,444        2,665,336  

Gujarat State Petronet Ltd.

     1,438,828        6,150,202  

Indraprastha Gas Ltd.

     832,028        4,297,685  

Mahanagar Gas Ltd.(a)

     218,725        3,577,253  
     

 

 

 
Total Gas Utilities

 

     38,236,046  
Ground Transportation – 0.1%      

Container Corp. of India Ltd.

     274,639        2,904,698  

VRL Logistics Ltd.

     1,542        10,175  
     

 

 

 
Total Ground Transportation

 

     2,914,873  
Health Care Equipment & Supplies – 0.0%      

Poly Medicure Ltd.

     24,756        471,715  
Health Care Providers & Services – 0.6%      

Apollo Hospitals Enterprise Ltd.

     49,195        3,749,561  

Aster DM Healthcare Ltd.*(b)

     232,350        1,140,264  

Dr. Lal PathLabs Ltd.(b)

     12,914        350,379  

Fortis Healthcare Ltd.

     419,030        2,111,165  

Krsnaa Diagnostics Ltd.

     3,718        27,398  

Max Healthcare Institute Ltd.

     627,989        6,173,534  

Metropolis Healthcare Ltd.(b)

     51,974        1,074,097  

Narayana Hrudayalaya Ltd.(a)

     64,436        991,852  

Rainbow Children’s Medicare Ltd.

     1,929        30,011  

Thyrocare Technologies Ltd.(b)

     48,232        341,170  

Vijaya Diagnostic Centre Pvt Ltd.

     1,686        12,869  
     

 

 

 
Total Health Care Providers & Services

 

     16,002,300  
Hotels, Restaurants & Leisure – 0.3%      

Delta Corp. Ltd.

     640,486        849,732  

Devyani International Ltd.

     17,276        31,164  

Easy Trip Planners Ltd.

     734,448        376,900  

EIH Ltd.

     95,390        514,107  

Indian Hotels Co. Ltd.

     623,670        4,420,521  

Jubilant Foodworks Ltd.

     188,436        1,014,112  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2024

 

 

 

Investments    Shares      Value  

Lemon Tree Hotels Ltd.*(b)

     154,756      $ 242,240  

Mahindra Holidays & Resorts India Ltd.*

     3,285        15,450  

Sapphire Foods India Ltd.*

     57,038        1,072,987  

Westlife Foodworld Ltd.

     3,079        29,698  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     8,566,911  
Household Durables – 0.2%      

Amber Enterprises India Ltd.*

     976        42,803  

Bajaj Electricals Ltd.

     4        44  

Crompton Greaves Consumer Electricals Ltd.

     708,696        2,273,028  

Dixon Technologies India Ltd.(a)

     24,996        2,241,555  

LA Opala RG Ltd.

     2,649        9,460  

Orient Electric Ltd.

     145,443        336,741  

Symphony Ltd.

     22,619        229,858  

TTK Prestige Ltd.

     50,266        404,587  

Whirlpool of India Ltd.

     21,000        307,550  
     

 

 

 
Total Household Durables

 

     5,845,626  
Household Products – 0.0%      

Jyothy Labs Ltd.

     91,229        481,235  
Independent Power & Renewable Electricity Producers – 3.7%

 

Adani Green Energy Ltd.*

     97,795        2,151,836  

Adani Power Ltd.*

     2,500,924        16,006,633  

JSW Energy Ltd.

     602,472        3,820,598  

KPI Green Energy Ltd.(b)

     25,392        463,670  

NHPC Ltd.

     10,478,334        11,269,525  

NLC India Ltd.

     741,714        2,028,536  

NTPC Ltd.

     17,633,117        70,995,482  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     106,736,280  
Industrial Conglomerates – 0.4%      

Apar Industries Ltd.

     26,333        2,203,475  

Godrej Industries Ltd.*

     108,607        1,018,909  

Nava Ltd.

     694,753        4,045,524  

Siemens Ltd.

     66,210        4,266,249  
     

 

 

 
Total Industrial Conglomerates

 

     11,534,157  
Insurance – 1.1%      

General Insurance Corp. of India(b)

     1,588,699        6,281,268  

HDFC Life Insurance Co. Ltd.(b)

     174,761        1,327,117  

ICICI Lombard General Insurance Co. Ltd.(b)

     345,425        6,976,630  

ICICI Prudential Life Insurance Co. Ltd.(b)

     212,662        1,551,953  

Life Insurance Corp. of India

     799,059        8,777,410  

Max Financial Services Ltd.*

     113,232        1,360,644  

New India Assurance Co. Ltd.(b)

     718,539        1,956,539  

SBI Life Insurance Co. Ltd.(b)

     225,291        4,052,550  

Star Health & Allied Insurance Co. Ltd.*

     64,562        420,685  
     

 

 

 
Total Insurance

 

     32,704,796  
Interactive Media & Services – 0.1%      

Just Dial Ltd.*

     160,583        1,546,383  
IT Services – 11.0%      

Cigniti Technologies Ltd.

     51        774  

Coforge Ltd.

     50,272        3,316,677  

Cyient Ltd.

     162,415        3,887,620  

Happiest Minds Technologies Ltd.

     1,566        13,977  

HCL Technologies Ltd.

     2,364,755      43,765,086  

Infosys Ltd.

     7,148,760        128,403,824  

LTIMindtree Ltd.(b)

     105,511        6,247,481  

Mphasis Ltd.

     179,993        5,153,710  

Persistent Systems Ltd.

     123,836        5,916,258  

Sonata Software Ltd.

     363,869        3,151,474  

Tata Consultancy Services Ltd.

     1,648,349        76,610,356  

Tech Mahindra Ltd.

     1,350,298        20,206,911  

Wipro Ltd.

     3,178,120        18,294,600  

Zensar Technologies Ltd.

     341,145        2,481,817  
     

 

 

 
Total IT Services

 

     317,450,565  
Life Sciences Tools & Services – 0.2%      

Divi’s Laboratories Ltd.

     107,322        4,433,398  

Syngene International Ltd.(b)

     124,881        1,051,949  

Tarsons Products Ltd.*

     85,311        402,607  
     

 

 

 
Total Life Sciences Tools & Services

 

     5,887,954  
Machinery – 0.9%      

AIA Engineering Ltd.

     74,611        3,502,541  

Ashok Leyland Ltd.

     949,470        1,949,543  

Cochin Shipyard Ltd.(b)

     245,080        2,561,803  

Cummins India Ltd.

     205,026        7,390,179  

Elgi Equipments Ltd.

     239,155        1,725,363  

Escorts Kubota Ltd.

     42,767        1,424,139  

Grindwell Norton Ltd.

     32,207        734,077  

Hle Glascoat Ltd.

     24,738        121,106  

ISGEC Heavy Engineering Ltd.

     10,226        110,092  

Jamna Auto Industries Ltd.

     516,240        818,593  

Kirloskar Brothers Ltd.

     39        512  

Kirloskar Oil Engines Ltd.

     40,603        418,408  

LG Balakrishnan & Bros Ltd.

     39,226        597,732  

Schaeffler India Ltd.

     1,764        59,461  

SKF India Ltd.

     35,572        1,773,706  

Thermax Ltd.

     52,836        2,655,880  

Timken India Ltd.

     21,225        727,711  
     

 

 

 
Total Machinery

 

     26,570,846  
Marine Transportation – 0.1%      

Shipping Corp. of India Ltd.

     1,075,770        2,693,214  
Media – 0.1%      

Affle India Ltd.*

     46,751        583,922  

Brightcom Group Ltd.*

     2,626        434  

Hathway Cable & Datacom Ltd.*

     46,312        10,884  

Sun TV Network Ltd.

     201,384        1,449,366  

TV18 Broadcast Ltd.*

     906,090        504,092  

Zee Entertainment Enterprises Ltd.*

     82,735        137,441  
     

 

 

 
Total Media

 

     2,686,139  
Metals & Mining – 6.6%      

APL Apollo Tubes Ltd.

     177,244        3,179,139  

Godawari Power & Ispat Ltd.

     19,690        178,786  

Hindalco Industries Ltd.

     6,088,581        40,899,583  

Hindustan Zinc Ltd.

     970,661        3,401,867  

Jindal Saw Ltd.

     398,268        2,066,252  

Jindal Stainless Ltd.

     1,152,243        9,594,139  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2024

 

 

 

Investments    Shares      Value  

Jindal Steel & Power Ltd.

     1,049,369      $ 10,683,993  

JSW Steel Ltd.

     1,173,423        11,680,415  

Kirloskar Ferrous Industries Ltd.

     181,049        1,182,319  

Maharashtra Seamless Ltd.

     209,316        2,123,590  

Maithan Alloys Ltd.

     19,243        226,202  

Mishra Dhatu Nigam Ltd.(b)

     6,513        30,787  

National Aluminium Co. Ltd.

     4,588,811        8,393,311  

NMDC Ltd.

     7,824,352        18,927,047  

Ramkrishna Forgings Ltd.

     120,170        995,983  

Ratnamani Metals & Tubes Ltd.

     29,645        993,184  

Sandur Manganese & Iron Ores Ltd.

     270,924        1,167,472  

Sarda Energy & Minerals Ltd.

     750,758        1,825,980  

Shyam Metalics & Energy Ltd.

     3,672        26,036  

Steel Authority of India Ltd.

     5,199,455        8,369,375  

Sunflag Iron & Steel Co. Ltd.*

     388,180        866,397  

Surya Roshni Ltd.

     155,852        949,660  

Tata Steel Ltd.

     20,818,662        38,902,772  

Usha Martin Ltd.

     405,935        1,548,980  

Vedanta Ltd.

     6,138,580        19,993,948  

Welspun Corp. Ltd.

     401,844        2,483,264  
     

 

 

 
Total Metals & Mining

 

     190,690,481  
Office REITs – 0.0%      

Mindspace Business Parks REIT(b)

     49,005        202,942  
Oil, Gas & Consumable Fuels – 18.7%      

Aegis Logistics Ltd.

     538,505        2,883,886  

Bharat Petroleum Corp. Ltd.

     1,625,092        11,737,723  

Coal India Ltd.

     16,695,307        86,897,069  

Great Eastern Shipping Co. Ltd.

     975,605        11,712,173  

Hindustan Oil Exploration Co. Ltd.*

     64,625        137,692  

Indian Oil Corp. Ltd.

     14,870,657        29,909,807  

Mangalore Refinery & Petrochemicals Ltd.

     616,526        1,615,560  

Oil & Natural Gas Corp. Ltd.

     30,360,782        97,577,502  

Oil India Ltd.

     5,160,601        37,140,982  

Petronet LNG Ltd.

     3,746,129        11,821,962  

Reliance Industries Ltd.

     6,892,155        245,573,178  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     537,007,534  
Paper & Forest Products – 0.2%      

Century Plyboards India Ltd.

     99,703        765,144  

Century Textiles & Industries Ltd.

     946        18,487  

JK Paper Ltd.

     632,399        2,444,976  

Tamil Nadu Newsprint & Papers Ltd.

     377,758        1,117,161  

West Coast Paper Mills Ltd.

     290,300        2,057,448  
     

 

 

 
Total Paper & Forest Products

 

     6,403,216  
Personal Care Products – 1.2%      

Bajaj Consumer Care Ltd.

     4,833        12,288  

Colgate-Palmolive India Ltd.

     147,725        4,800,653  

Dabur India Ltd.

     438,918        2,753,154  

Emami Ltd.

     466,964        2,403,897  

Godrej Consumer Products Ltd.

     374,865        5,626,402  

Hindustan Unilever Ltd.

     721,096        19,577,515  
     

 

 

 
Total Personal Care Products

 

     35,173,909  
Pharmaceuticals – 4.0%      

Aarti Drugs Ltd.

     224,480      1,168,930  

Aarti Pharmalabs Ltd.

     37,939        197,855  

Aether Industries Ltd.*

     21,754        203,710  

Ajanta Pharma Ltd.

     21,652        579,148  

Alembic Pharmaceuticals Ltd.

     173,338        2,046,740  

Alkem Laboratories Ltd.

     40,158        2,379,555  

AMI Organics Ltd.

     4,098        53,739  

Aurobindo Pharma Ltd.

     650,677        8,494,045  

Caplin Point Laboratories Ltd.

     1,262        19,903  

Cipla Ltd.

     700,372        12,570,629  

Dr. Reddy’s Laboratories Ltd.

     290,223        21,428,185  

FDC Ltd.*

     59,455        302,898  

Gland Pharma Ltd.*(b)

     94,490        2,090,557  

GlaxoSmithKline Pharmaceuticals Ltd.

     63,619        1,484,857  

Glenmark Life Sciences Ltd.

     39,476        367,603  

Glenmark Pharmaceuticals Ltd.

     247,161        2,840,340  

Granules India Ltd.

     415,067        2,140,716  

Hikal Ltd.

     74,382        236,383  

Indoco Remedies Ltd.

     740        2,916  

IOL Chemicals & Pharmaceuticals Ltd.

     162,884        705,907  

Ipca Laboratories Ltd.

     154,450        2,291,495  

JB Chemicals & Pharmaceuticals Ltd.

     68,706        1,359,580  

Laurus Labs Ltd.(b)

     720,412        3,389,031  

Lupin Ltd.

     30,698        595,096  

Marksans Pharma Ltd.

     11,386        20,737  

Natco Pharma Ltd.

     176,196        2,011,300  

Neuland Laboratories Ltd.

     24,771        1,877,713  

Sun Pharmaceutical Industries Ltd.

     1,629,181        31,655,757  

Supriya Lifescience Ltd.

     7,049        28,140  

Suven Pharmaceuticals Ltd.*

     300,514        2,439,711  

Torrent Pharmaceuticals Ltd.

     83,345        2,598,807  

Zydus Lifesciences Ltd.

     578,720        6,989,882  
     

 

 

 
Total Pharmaceuticals

 

     114,571,865  
Professional Services – 0.4%      

Computer Age Management Services Ltd.

     31,394        1,097,496  

Datamatics Global Services Ltd.

     4,996        31,916  

eClerx Services Ltd.

     54,179        1,537,819  

Firstsource Solutions Ltd.

     1,303,547        3,089,189  

L&T Technology Services Ltd.(b)

     41,484        2,727,044  

Quess Corp. Ltd.(b)

     146,211        912,301  

RITES Ltd.

     45,299        360,534  

TeamLease Services Ltd.*

     11,011        361,821  
     

 

 

 
Total Professional Services

 

     10,118,120  
Real Estate Management & Development – 0.9%

 

  

Brigade Enterprises Ltd.

     49,725        557,631  

DLF Ltd.

     677,698        7,288,692  

Godrej Properties Ltd.*

     50,797        1,400,895  

Macrotech Developers Ltd.(b)

     23,672        322,387  

Mahindra Lifespace Developers Ltd.

     2,430        17,100  

NESCO Ltd.

     63,834        635,833  

Oberoi Realty Ltd.

     246,981        4,370,456  

Phoenix Mills Ltd.

     157,879        5,267,776  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2024

 

 

 

Investments    Shares      Value  

Prestige Estates Projects Ltd.

     296,024      $ 4,152,730  

Shipping Corp. of India Land & Assets Ltd.*

     519,128        248,352  

Sobha Ltd.

     115,662        2,009,116  
     

 

 

 
Total Real Estate Management & Development

 

     26,270,968  
Semiconductors & Semiconductor Equipment – 0.0%

 

  

Borosil Renewables Ltd.*

     4,011        23,938  
Software – 0.7%      

Birlasoft Ltd.

     385,634        3,430,837  

Intellect Design Arena Ltd.

     8,120        106,784  

KPIT Technologies Ltd.

     106,002        1,889,168  

Newgen Software Technologies Ltd.

     241,073        2,298,507  

Oracle Financial Services Software Ltd.

     76,390        8,036,372  

Route Mobile Ltd.

     3,299        63,377  

Tanla Platforms Ltd.

     128,369        1,261,642  

Tata Elxsi Ltd.

     23,527        2,196,112  
     

 

 

 
Total Software

 

     19,282,799  
Specialty Retail – 0.1%      

Go Fashion India Ltd.*

     45        650  

Metro Brands Ltd.

     20,869        288,742  

Trent Ltd.

     19,776        936,131  
     

 

 

 
Total Specialty Retail

 

     1,225,523  
Textiles, Apparel & Luxury Goods – 1.0%      

Arvind Ltd.

     324,015        1,050,686  

Bata India Ltd.

     251,385        4,111,860  

Campus Activewear Ltd.*

     467,795        1,203,106  

Gokaldas Exports Ltd.

     58,931        498,779  

Indo Count Industries Ltd.

     7,160        30,399  

Kalyan Jewellers India Ltd.

     50,880        260,981  

KPR Mill Ltd.

     135,167        1,349,118  

LUX Industries Ltd.

     35,356        455,439  

Monte Carlo Fashions Ltd.

     1,757        13,197  

Page Industries Ltd.

     2,101        867,857  

Rajesh Exports Ltd.*

     842,341        2,661,778  

Raymond Ltd.

     24,118        522,917  

Relaxo Footwears Ltd.

     141,439        1,386,027  

Rupa & Co. Ltd.

     77,067        220,614  

Siyaram Silk Mills Ltd.

     30,881        162,509  

Titan Co. Ltd.

     209,755        9,561,423  

Trident Ltd.

     1,199,379      525,611  

Vaibhav Global Ltd.

     9,066        39,600  

Vardhman Textiles Ltd.

     281,391        1,492,272  

Vedant Fashions Ltd.

     4,338        48,190  

VIP Industries Ltd.

     4,942        31,138  

Welspun Living Ltd.

     978,695        1,614,681  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     28,108,182  
Tobacco – 0.9%      

Godfrey Phillips India Ltd.

     22,045        816,539  

ITC Ltd.

     5,062,553        26,000,954  
     

 

 

 
Total Tobacco

 

     26,817,493  
Trading Companies & Distributors – 0.2%

 

Adani Enterprises Ltd.

     134,513        5,156,338  

IndiaMart InterMesh Ltd.(b)

     1,436        45,549  

MMTC Ltd.

     867,864        691,461  

MSTC Ltd.

     88,106        878,604  
     

 

 

 
Total Trading Companies & Distributors

 

     6,771,952  
Transportation Infrastructure – 0.7%

 

Adani Ports & Special Economic Zone Ltd.

     1,229,551        19,782,057  

Dreamfolks Services Ltd.

     34,734        203,379  

Gujarat Pipavav Port Ltd.

     313,436        798,787  
     

 

 

 
Total Transportation Infrastructure

 

     20,784,223  
Wireless Telecommunication Services – 1.0%

 

Bharti Airtel Ltd.

     1,962,860        28,914,838  

TOTAL INVESTMENTS IN SECURITIES – 102.0%

(Cost: $2,179,210,380)

 

 

     2,934,530,794  

Other Assets less Liabilities – (2.0)%

 

     (56,182,608
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,878,348,186  
* 

Non-income producing security.

 

(a) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(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.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2024 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2024
    Dividend
Income
 

WisdomTree India ex-State-Owned Enterprises Fund^

  $ 32,913     $     $ 37,392     $ 10,491     $ (6,012   $     $ 99  
^ 

As of March 31, 2024, the Fund did not hold a position in this affiliate.

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Schedule of Investments (concluded)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2024

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 2,934,530,794      $      $      $ 2,934,530,794  

Total Investments in Securities

   $ 2,934,530,794      $      $      $ 2,934,530,794  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Schedule of Investments

WisdomTree New Economy Real Estate Fund (WTRE)

March 31, 2024

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Australia – 8.1%      

Dexus(a)

     47,953      $ 247,461  

Goodman Group(a)

     49,880        1,100,235  

NEXTDC Ltd.*(a)

     23,215        269,438  
     

 

 

 
Total Australia

 

     1,617,134  
Belgium – 1.6%      

Warehouses De Pauw CVA(a)

     10,932        312,401  
Canada – 2.4%      

Allied Properties Real Estate Investment Trust

     7,777        101,548  

Dream Industrial Real Estate Investment Trust

     17,615        171,562  

Granite Real Estate Investment Trust

     3,612        206,350  
     

 

 

 
Total Canada

 

     479,460  
China – 0.6%      

ESR Group Ltd.(a)(b)

     109,000        116,570  
Italy – 1.1%      

Infrastrutture Wireless Italiane SpA(a)(b)

     19,873        226,004  
Japan – 4.6%      

Activia Properties, Inc.

     32        86,372  

GLP J-REIT

     212        175,937  

Japan Logistics Fund, Inc.

     53        95,988  

LaSalle Logiport REIT

     118        120,148  

Mitsubishi Estate Logistics REIT Investment Corp.

     30        75,920  

Mitsui Fudosan Logistics Park, Inc.

     33        98,338  

Nippon Prologis REIT, Inc.(a)

     151        268,387  
     

 

 

 
Total Japan

 

     921,090  
Singapore – 5.9%      

CapitaLand Ascendas REIT

     227,736        467,419  

Frasers Logistics & Commercial Trust(c)

     175,000        137,448  

Keppel DC REIT

     78,800        101,011  

Keppel REIT

     114,500        73,811  

Mapletree Industrial Trust

     94,309        163,517  

Mapletree Logistics Trust

     214,558        232,109  
     

 

 

 
Total Singapore

 

     1,175,315  
Spain – 6.1%      

Cellnex Telecom SA*(a)(b)

     29,328        1,037,965  

Merlin Properties Socimi SA

     16,052        172,928  
     

 

 

 
Total Spain

 

     1,210,893  
Sweden – 2.2%      

Fabege AB(a)

     9,087        85,069  

Sagax AB, Class B

     13,320        351,792  
     

 

 

 
Total Sweden

 

     436,861  
United Kingdom – 7.9%      

Derwent London PLC

     6,116        167,500  

LondonMetric Property PLC

     90,375        231,986  

Segro PLC

     83,720        955,852  

Tritax Big Box REIT PLC

     107,767        214,007  
     

 

 

 
Total United Kingdom

 

     1,569,345  
United States – 58.7%      

Airbnb, Inc., Class A*

     4,592        757,496  

Alexandria Real Estate Equities, Inc.

     5,877      757,604  

American Tower Corp.

     3,650        721,204  

Americold Realty Trust, Inc.

     17,839        444,548  

COPT Defense Properties

     7,043        170,229  

Cousins Properties, Inc.

     9,430        226,697  

Crown Castle, Inc.

     6,694        708,426  

Digital Realty Trust, Inc.

     5,064        729,419  

DigitalBridge Group, Inc.

     10,208        196,708  

Douglas Emmett, Inc.(a)

     9,112        126,384  

EastGroup Properties, Inc.

     2,680        481,784  

Equinix, Inc.

     832        686,675  

First Industrial Realty Trust, Inc.

     5,967        313,506  

Healthpeak Properties, Inc.

     31,140        583,875  

Iron Mountain, Inc.

     9,783        784,694  

JBG SMITH Properties

     5,152        82,690  

Kilroy Realty Corp.

     7,184        261,713  

LXP Industrial Trust

     13,060        117,801  

Prologis, Inc.

     5,597        728,841  

Rexford Industrial Realty, Inc.

     13,450        676,535  

SBA Communications Corp.

     4,012        869,400  

Terreno Realty Corp.

     3,876        257,366  

Ventas, Inc.

     22,680        987,487  
     

 

 

 
Total United States

 

     11,671,082  

TOTAL COMMON STOCKS

(Cost: $22,780,708)

 

 

     19,736,155  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.3%

 

United States – 12.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(d)

     
(Cost: $2,436,862)      2,436,862        2,436,862  

TOTAL INVESTMENTS IN SECURITIES – 111.5%

(Cost: $25,217,570)

        22,173,017  

Other Assets less Liabilities – (11.5)%

        (2,280,890
     

 

 

 
NET ASSETS – 100.0%

 

   $ 19,892,127  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2024 (See Note 2). At March 31, 2024, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,724,130 and the total market value of the collateral held by the Fund was $2,874,442. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $437,580.

 

(b) 

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

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2024.

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Schedule of Investments (concluded)

WisdomTree New Economy Real Estate Fund (WTRE)

March 31, 2024

 

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

Royal Bank of Canada

    4/2/2024        2,644        USD        2,094        GBP      $      $ (1

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices
in Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 19,736,155      $      $      $ 19,736,155  

Investment of Cash Collateral for Securities Loaned

            2,436,862               2,436,862  

Total Investments in Securities

   $ 19,736,155      $ 2,436,862      $      $ 22,173,017  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (1    $      $ (1

Total – Net

   $ 19,736,155      $ 2,436,861      $      $ 22,173,016  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2024

 

 

 

      WisdomTree
China
ex-State-Owned
Enterprises
Fund
     WisdomTree
Emerging Markets
ex-State-Owned
Enterprises
Fund
     WisdomTree
Emerging Markets
High Dividend Fund
     WisdomTree
Emerging
Markets
Multifactor
Fund
     WisdomTree
Emerging
Markets
Quality
Dividend
Growth Fund
 

ASSETS:

              

Investments, at cost

   $ 472,436,896      $ 1,827,384,046      $ 2,522,949,485      $ 21,753,996      $ 109,520,485  

Investment in affiliates, at cost (Note 3)

                   897,319                

Foreign currency, at cost

            670,259        4,485,827        13,008        648,053  

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

     363,116,661        2,007,805,782        2,831,771,672        23,463,901        136,694,676  

Investment in affiliates, at value (Note 3)

                   981,756                

Cash

     195,756        1,172,572        5,839,960        12,494        2,582,242  

Foreign currency, at value

     1,096        766,268        3,674,290        14,884        620,398  

Unrealized appreciation on foreign currency contracts

                   2,100        286,499        32  

Receivables:

 

Capital shares sold

                                 2,418,732  

Dividends

     59,727        4,810,544        8,435,804        70,553        483,850  

Securities lending income

     22,971        60,652        196,883        22        1,706  

Interest

            131                      7  

Foreign tax reclaims

            78,706        82,796        314        2,618  

Foreign capital gains tax refund

            182,150        290,956                

Other (Note 6)

            190,638        166,357                

Total Assets

     363,396,211        2,015,067,443        2,851,442,574        23,848,667        142,804,261  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

                          177,246        1,879  

Payables:

              

Cash collateral received for securities loaned (Note 2)

     2,648,553        13,742,102        30,350,984        8,195        519,173  

Deposit due to authorized participant (Note 4)

                   5,438,156               3,952,016  

Investment securities purchased

                   40,832        57,027        1,405,251  

Advisory fees (Note 3)

     99,119        537,086        1,484,932        9,515        35,029  

Service fees (Note 2)

     1,363        7,385        10,377        87        485  

Foreign capital gains tax

            10,861,870        9,961,854        96,732        1,842,460  

Other (Note 6)

            57,191        106,723                

Total Liabilities

     2,749,035        25,205,634        47,393,858        348,802        7,756,293  

NET ASSETS

   $ 360,647,176      $ 1,989,861,809      $ 2,804,048,716      $ 23,499,865      $ 135,047,968  

NET ASSETS:

              

Paid-in capital

   $ 1,083,451,250      $ 2,713,895,605      $ 4,153,971,851      $ 23,027,622      $ 139,774,921  

Total distributable earnings (loss)

     (722,804,074      (724,033,796      (1,349,923,135      472,243        (4,726,953

NET ASSETS

   $ 360,647,176      $ 1,989,861,809      $ 2,804,048,716      $ 23,499,865      $ 135,047,968  

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

     13,625,000        67,400,000        67,000,000        900,000        5,300,000  

Net asset value per share

   $ 26.47      $ 29.52      $ 41.85      $ 26.11      $ 25.48  

1 Includes market value of securities out on loan of:

   $ 17,915,740      $ 100,971,874      $ 243,668,369      $ 83,527      $ 2,281,054  

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      81  


Statements of Assets and Liabilities (concluded)

WisdomTree Trust

March 31, 2024

 

 

 

      WisdomTree
Emerging Markets
SmallCap Dividend
Fund
     WisdomTree
Global ex-U.S.
Quality Dividend
Growth Fund
     WisdomTree
Global High
Dividend Fund
     WisdomTree
India Earnings
Fund

(consolidated)
     WisdomTree
New Economy
Real Estate
Fund
 

ASSETS:

              

Investments, at cost

   $ 2,288,776,542      $ 575,278,728      $ 102,478,198      $ 2,179,210,380      $ 25,217,570  

Investment in affiliates, at cost (Note 3)

     6,433,859        845                       

Foreign currency, at cost

     4,367,752        371,813        77,032        19,177,574        241  

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

     2,792,806,755        674,985,751        114,704,063        2,934,530,794        22,173,017  

Investment in affiliates, at value (Note 3)

     6,455,912        966                       

Cash

     6,586,195        397,893        103,602        1,706,746        31,449  

Foreign currency, at value

     3,607,220        372,217        76,802        19,129,317        156  

Unrealized appreciation on foreign currency contracts

     5,925               21                

Receivables:

 

Investment securities sold3

     5,328,502               2,520,833                

Capital shares sold

     35,402                              

Dividends

     17,224,545        1,279,774        456,966        66,005        83,157  

Securities lending income

     947,977        14,526        6,351               270  

Interest

                          31         

Foreign tax reclaims

     68,537        1,466,273        119,432               50,073  

Foreign capital gains tax refund

     320,923                      61,127         

Closed foreign currency contracts

            73                       

Other (Note 6)

     159,570        38,415        839               871  

Total Assets

     2,833,547,463        678,555,888        117,988,909        2,955,494,020        22,338,993  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     20        3        18               1  

Payables:

              

Cash collateral received for securities loaned (Note 2)

     52,792,787        35,388,732        5,892,928               2,436,862  

Investment securities purchased

     102,502                              

Capital shares redeemed

     13,686,728               2,544,471                

Advisory fees (Note 3)

     1,390,868        229,966        54,587        1,973,598        9,668  

Service fees (Note 2)

     10,564        2,412        414        10,462        73  

Closed foreign currency contracts

     3,072                              

Foreign capital gains tax

     10,314,155        411,894        47,953        75,161,774         

Other (Note 6)

     101,283        11,525        252               262  

Total Liabilities

     78,401,979        36,044,532        8,540,623        77,145,834        2,446,866  

NET ASSETS

   $ 2,755,145,484      $ 642,511,356      $ 109,448,286      $ 2,878,348,186      $ 19,892,127  

NET ASSETS:

              

Paid-in capital

   $ 2,897,740,127      $ 649,711,510      $ 119,159,471      $ 2,226,272,996      $ 67,655,734  

Total distributable earnings (loss)

     (142,594,643      (7,200,154      (9,711,185      652,075,190        (47,763,607

NET ASSETS

   $ 2,755,145,484      $ 642,511,356      $ 109,448,286      $ 2,878,348,186      $ 19,892,127  

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

     54,000,000        16,500,000        2,150,000        66,400,000        1,100,000  

Net asset value per share

   $ 51.02      $ 38.94      $ 50.91      $ 43.35      $ 18.08  

1 Includes market value of securities out on loan of:

   $ 455,444,799      $ 48,910,080      $ 8,304,858             $ 2,724,130  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

                 $ 1,210                

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2024

 

 

 

      WisdomTree
China ex-State-
Owned
Enterprises Fund
     WisdomTree
Emerging
Markets
ex-State-Owned
Enterprises Fund
     WisdomTree
Emerging Markets
High Dividend Fund
     WisdomTree
Emerging
Markets
Multifactor
Fund
     WisdomTree
Emerging
Markets
Quality
Dividend
Growth Fund
 

INVESTMENT INCOME:

 

Dividends

   $ 10,285,205      $ 47,231,349      $ 192,773,050      $ 231,888      $ 3,402,053  

Dividends from affiliates (Note 3)

                   144,788                

Interest

     9,761        38,897        82,641        1,500        6,458  

Non-cash dividends

     76,687        47,571        98,095               4,708  

Other income (Note 6)

            183,034        308,837                

Securities lending income, net (Note 2)

     495,182        1,168,831        2,198,089        671        20,922  

Less: Foreign withholding taxes on dividends

     (590,818      (6,943,904      (25,766,677      (37,052      (548,051

Total investment income

     10,276,017        41,725,778        169,838,823        197,007        2,886,090  

EXPENSES:

              

Advisory fees (Note 3)

     1,818,309        6,687,508        15,763,934        31,966        341,169  

Service fees (Note 2)

     25,002        91,953        110,097        293        4,691  

Other fees (Note 6)

            57,191        98,081                

Total expenses

     1,843,311        6,836,652        15,972,112        32,259        345,860  

Expense waivers (Note 3)

                   (8,896              

Net expenses

     1,843,311        6,836,652        15,963,216        32,259        345,860  

Net investment income

     8,432,706        34,889,126        153,875,607        164,748        2,540,230  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions1

     (205,676,181      (174,833,402      (28,494,726      (42,453      (2,680,196

Investment transactions in affiliates (Note 3)

                   (100,985              

In-kind redemptions

     (4,674,093      20,229,417        1,387,174                

Foreign currency contracts

     1,526,649        72,645        (790,709      (30,763      (45,347

Foreign currency related transactions

     (2,076,497      (1,236,105      342,356        6,476        (15,081

Net realized loss

     (210,900,122      (155,767,445      (27,656,890      (66,740      (2,740,624

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions2

     38,452,054        276,862,096        282,089,082        1,588,025        17,727,011  

Investment transactions in affiliates (Note 3)

                   159,419                

Foreign currency contracts

     (3             2,060        124,127        (1,695

Translation of assets and liabilities denominated in foreign currencies

     522,313        163,219        (808,281      1,623        (33,069

Net increase in unrealized appreciation/depreciation

     38,974,364        277,025,315        281,442,280        1,713,775        17,692,247  

Net realized and unrealized gain (loss) on investments

     (171,925,758      121,257,870        253,785,390        1,647,035        14,951,623  

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ (163,493,052    $ 156,146,996      $ 407,660,997      $ 1,811,783      $ 17,491,853  

1 Net of foreign capital gains (tax) and capital gains tax refund, if applicable, of:

          $ (5,108,180    $ (956,256    $ (30,472    $ (124,656

2 Includes net increase (decrease) in accrued foreign capital gain taxes of:

          $ 7,888,955      $ 9,483,635      $ 96,732      $ 1,616,373  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended March 31, 2024

 

 

 

      WisdomTree
Emerging Markets
SmallCap Dividend
Fund
     WisdomTree
Global ex-U.S.
Quality Dividend
Growth Fund
     WisdomTree
Global High
Dividend Fund
     WisdomTree
India Earnings
Fund

(consolidated)
     WisdomTree
New Economy
Real Estate
Fund
 

INVESTMENT INCOME:

              

Dividends

   $ 155,977,285      $ 14,796,652      $ 5,913,252      $ 29,125,283      $ 669,686  

Dividends from affiliates (Note 3)

     1,317,106        119,577        24,287        99         

Interest

     59,952               1,529        58,514        303  

Non-cash dividends

     759,725               18,585                

Other income (Note 6)

     338,703        36,379                       

Securities lending income, net (Note 2)

     9,257,335        145,230        50,878               3,804  

Less: Foreign withholding taxes on dividends

     (22,170,325      (1,662,055      (360,217      (6,392,342      (33,721

Total investment income

     145,539,781        13,435,783        5,648,314        22,791,554        640,072  

EXPENSES:

              

Advisory fees (Note 3)

     16,501,658        2,483,267        651,941        12,366,884        126,830  

Service fees (Note 2)

     125,185        26,015        4,946        65,559        962  

Interest expense (Note 7)

                          565,014         

Other fees (Note 6)

     101,283        11,030                       

Total expenses

     16,728,126        2,520,312        656,887        12,997,457        127,792  

Expense waivers (Note 3)

     (26,107      (2,291      (50      (92       

Net expenses

     16,702,019        2,518,021        656,837        12,997,365        127,792  

Net investment income

     128,837,762        10,917,762        4,991,477        9,794,189        512,280  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions1

     91,779,294        (313,869      399,362        16,383,254        (843,777

Investment transactions in affiliates (Note 3)

     680,195        409,331        26,019        10,491         

In-kind redemptions

     16,334,430        5,416,509        6,089,622               (406,769

Futures contracts

                          (2,744       

Foreign currency contracts

     (1,099,643      (154,433      13,138        (1,106,581      (8,624

Foreign currency related transactions

     422,941        146,559        (21,687      (358,626      5,907  

Net realized gain (loss)

     108,117,217        5,504,097        6,506,454        14,925,794        (1,253,263

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions2

     212,054,379        54,678,489        3,084,072        420,085,190        2,219,339  

Investment transactions in affiliates (Note 3)

     (419,839      (410,049      (16,483      (6,012       

Foreign currency contracts

     5,905        (2,177      3               24  

Translation of assets and liabilities denominated in foreign currencies

     (1,047,588      (11,533      (3,436      (52,815      (634

Net increase in unrealized appreciation/depreciation

     210,592,857        54,254,730        3,064,156        420,026,363        2,218,729  

Net realized and unrealized gain on investments

     318,710,074        59,758,827        9,570,610        434,952,157        965,466  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 447,547,836      $ 70,676,589      $ 14,562,087      $ 444,746,346      $ 1,477,746  

1 Net of foreign capital gains (tax) and capital gains tax refund, if applicable, of:

   $ (3,770,434    $ (449,819    $ (16,308    $ (15,823,314       

2 Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ 10,062,583      $ 411,894      $ 40,386      $ 55,844,330         

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     WisdomTree China ex-State-Owned
Enterprises Fund
   

WisdomTree Emerging Markets

ex-State-Owned Enterprises Fund

   

WisdomTree Emerging Markets

High Dividend Fund

 
     For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 8,432,706     $ 8,027,866     $ 34,889,126     $ 47,535,778     $ 153,875,607     $ 139,584,856  

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

    (210,900,122     (279,321,472     (155,767,445     (438,862,137     (27,656,890     (156,574,809

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

    38,974,364       128,567,483       277,025,315       (83,613,856     281,442,280       (150,570,055

Net increase (decrease) in net assets resulting from operations

    (163,493,052     (142,726,123     156,146,996       (474,940,215     407,660,997       (167,560,008

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (9,480,375     (8,628,659     (38,726,000     (52,252,500     (151,734,500     (137,420,525

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    18,772,219       204,830,077       58,062,651       16,749,145       468,240,984       423,628,056  

Cost of shares redeemed

    (223,139,933     (150,767,082     (356,148,643     (638,895,275     (65,958,356     (92,653,343

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

    (204,367,714     54,062,995       (298,085,992     (622,146,130     402,282,628       330,974,713  

Net Increase (Decrease) in Net Assets

    (377,341,141     (97,291,787     (180,664,996     (1,149,338,845     658,209,125       25,994,180  

NET ASSETS:

 

Beginning of year

  $ 737,988,317     $ 835,280,104     $ 2,170,526,805     $ 3,319,865,650     $ 2,145,839,591     $ 2,119,845,411  

End of year

  $ 360,647,176     $ 737,988,317     $ 1,989,861,809     $ 2,170,526,805     $ 2,804,048,716     $ 2,145,839,591  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    21,125,000       20,425,000       78,100,000       100,300,000       56,800,000       48,200,000  

Shares created

    600,000       5,375,000       2,100,000       500,000       12,000,000       11,300,000  

Shares redeemed

    (8,100,000     (4,675,000     (12,800,000     (22,700,000     (1,800,000     (2,700,000

Shares outstanding, end of year

    13,625,000       21,125,000       67,400,000       78,100,000       67,000,000       56,800,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

      WisdomTree Emerging Markets
Multifactor Fund
     WisdomTree Emerging Markets
Quality Dividend Growth Fund
     WisdomTree Emerging Markets SmallCap
Dividend Fund
 
      For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 164,748      $ 90,064      $ 2,540,230      $ 2,744,800      $ 128,837,762      $ 119,776,891  

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

     (66,740      (143,617      (2,740,624      (8,257,529      108,117,217        (314,610,431

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

     1,713,775        (86,997      17,692,247        (3,409,218      210,592,857        (51,650,330

Net increase (decrease) in net assets resulting from operations

     1,811,783        (140,550      17,491,853        (8,921,947      447,547,836        (246,483,870

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (102,000      (70,527      (2,519,500      (3,003,000      (132,233,000      (121,656,900

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     19,634,914               32,394,808        19,747,562        142,156,692        480,988,272  

Cost of shares redeemed

                          (6,846,988      (390,765,422       

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

     19,634,914               32,394,808        12,900,574        (248,608,730      480,988,272  

Net Increase (Decrease) in Net Assets

     21,344,697        (211,077      47,367,161        975,627        66,706,106        112,847,502  

NET ASSETS:

 

Beginning of year

   $ 2,155,168      $ 2,366,245      $ 87,680,807      $ 86,705,180      $ 2,688,439,378      $ 2,575,591,876  

End of year

   $ 23,499,865      $ 2,155,168      $ 135,047,968      $ 87,680,807      $ 2,755,145,484      $ 2,688,439,378  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     100,000        100,000        3,900,000        3,300,000        58,800,000        48,200,000  

Shares created

     800,000               1,400,000        900,000        3,000,000        10,600,000  

Shares redeemed

                          (300,000      (7,800,000       

Shares outstanding, end of year

     900,000        100,000        5,300,000        3,900,000        54,000,000        58,800,000  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

      WisdomTree Global ex-U.S. Quality
Dividend Growth Fund
    

WisdomTree Global High

Dividend Fund

     WisdomTree India Earnings Fund
(consolidated)
 
      For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 10,917,762      $ 18,640,555      $ 4,991,477      $ 4,325,526      $ 9,794,189      $ 9,368,356  

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

     5,504,097        (85,926,564      6,506,454        (4,576,626      14,925,794        32,625,578  

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

     54,254,730        16,306,743        3,064,156        956,107        420,026,363        (121,598,313

Net increase (decrease) in net assets resulting from operations

     70,676,589        (50,979,266      14,562,087        705,007        444,746,346        (79,604,379

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (11,257,500      (18,475,318      (5,057,500      (4,296,367             (40,595,106

Tax return of capital

                                 (1,524,000       

Total distributions to shareholders

     (11,257,500      (18,475,318      (5,057,500      (4,296,367      (1,524,000      (40,595,106

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     89,140,274        135,468,168               70,609,590        1,674,291,062        117,541,739  

Cost of shares redeemed

     (33,044,679      (106,255,698      (35,963,863             (25,399,122      (104,949,767

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

     56,095,595        29,212,470        (35,963,863      70,609,590        1,648,891,940        12,591,972  

Net Increase (Decrease) in Net Assets

     115,514,684        (40,242,114      (26,459,276      67,018,230        2,092,114,286        (107,607,513

NET ASSETS:

 

Beginning of year

   $ 526,996,672      $ 567,238,786      $ 135,907,562      $ 68,889,332      $ 786,233,900      $ 893,841,413  

End of year

   $ 642,511,356      $ 526,996,672      $ 109,448,286      $ 135,907,562      $ 2,878,348,186      $ 786,233,900  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     14,900,000        14,200,000        2,900,000        1,350,000        25,000,000        24,600,000  

Shares created

     2,500,000        4,000,000               1,550,000        42,000,000        3,600,000  

Shares redeemed

     (900,000      (3,300,000      (750,000             (600,000      (3,200,000

Shares outstanding, end of year

     16,500,000        14,900,000        2,150,000        2,900,000        66,400,000        25,000,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     

WisdomTree New Economy

Real Estate Fund

 
      For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 512,280      $ 684,800  

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

     (1,253,263      (9,384,893

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

     2,218,729        (4,613,008

Net increase (decrease) in net assets resulting from operations

     1,477,746        (13,313,101

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (558,000      (420,750

CAPITAL SHARE TRANSACTIONS:

 

Cost of shares redeemed

     (6,689,089      (15,454,996

Net decrease in net assets resulting from capital share transactions

     (6,689,089      (15,454,996

Net Decrease in Net Assets

     (5,769,343      (29,188,847

NET ASSETS:

 

Beginning of year

   $ 25,661,470      $ 54,850,317  

End of year

   $ 19,892,127      $ 25,661,470  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     1,500,000        2,350,000  

Shares created

             

Shares redeemed

     (400,000      (850,000

Shares outstanding, end of year

     1,100,000        1,500,000  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Financial Highlights

WisdomTree Trust

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

 

 

WisdomTree China ex-State-Owned
Enterprises Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 20211
     For the
Year Ended
March 31, 20201
 

Net asset value, beginning of year

   $ 34.93      $ 40.89      $ 64.41      $ 38.44      $ 38.84  

Investment operations:

              

Net investment income2

     0.44        0.36        0.60        0.23        0.39  

Net realized and unrealized gain (loss)

     (8.42      (5.94      (23.54      26.10        (0.39

Total from investment operations

     (7.98      (5.58      (22.94      26.33        0.00 3  

Dividends and distributions to shareholders:

              

Net investment income

     (0.48      (0.38      (0.58      (0.35      (0.40

Tax return of capital

                          (0.01       

Total dividends and distributions to shareholders

     (0.48      (0.38      (0.58      (0.36      (0.40

Net asset value, end of year

   $ 26.47      $ 34.93      $ 40.89      $ 64.41      $ 38.44  

TOTAL RETURN4

     (22.97 )%       (13.72 )%       (35.81 )%       68.71      0.07

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 360,647      $ 737,988      $ 835,280      $ 914,692      $ 188,351  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.32      0.32      0.32      0.32 %5        0.32 %6  

Expenses, prior to expense waivers

     0.32      0.32      0.32      0.38      0.63

Net investment income

     1.48      0.99      1.10      0.37      1.03

Portfolio turnover rate7

     33      39      36      20      22

 

WisdomTree Emerging Markets
ex-State-Owned Enterprises Fund
   For the
Year Ended
March 31, 2024
    For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 27.79     $ 33.10      $ 40.31     $ 24.40      $ 28.79  

Investment operations:

            

Net investment income2

     0.47       0.56        0.62       0.41        0.62  

Net realized and unrealized gain (loss)

     1.78       (5.27      (7.28     15.91        (4.38

Net increase from payment by affiliate

                  0.00 3       0.00 3         

Total from investment operations

     2.25       (4.71      (6.66     16.32        (3.76

Dividends to shareholders:

            

Net investment income

     (0.52     (0.60      (0.55     (0.41      (0.63

Net asset value, end of year

   $ 29.52     $ 27.79      $ 33.10     $ 40.31      $ 24.40  

TOTAL RETURN4

     8.22     (14.20 )%       (16.70 )%8       67.18 %9        (13.36 )% 

RATIOS/SUPPLEMENTAL DATA:

            

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

   $ 1,989,862     $ 2,170,527      $ 3,319,866     $ 4,719,936      $ 809,991  

Ratios to average net assets of:

            

Expenses, net of expense waivers

     0.33 %10      0.32      0.32     0.32 %5        0.32 %6  

Expenses, prior to expense waivers

     0.33 %10      0.32      0.32     0.37      0.58

Net investment income

     1.67     1.97      1.62     1.11      2.14

Portfolio turnover rate7

     31     28      18     34      19
1 

Shares were adjusted to reflect a 2:1 share split effective October 16, 2020.

 

2 

Based on average shares outstanding.

 

3 

Amount represents less than $0.005.

 

4 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

5 

The investment advisor had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.32%.

 

6 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

7 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

8 

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

 

9 

Includes a reimbursement from the sub-advisor for an operational error. Excluding this reimbursement, total return would have been unchanged.

10 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.32%.

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree Emerging Markets
High Dividend Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 37.78      $ 43.98      $ 44.27      $ 32.45      $ 43.72  

Investment operations:

              

Net investment income1

     2.40        2.81        2.75        1.76        2.10  

Net realized and unrealized gain (loss)

     4.03        (6.21      (0.30      11.93        (11.25

Total from investment operations

     6.43        (3.40      2.45        13.69        (9.15

Dividends to shareholders:

              

Net investment income

     (2.36      (2.80      (2.74      (1.87      (2.12

Net asset value, end of year

   $ 41.85      $ 37.78      $ 43.98      $ 44.27      $ 32.45  

TOTAL RETURN2

     17.69      (6.97 )%       5.65      43.37      (22.06 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 2,804,049      $ 2,145,840      $ 2,119,845      $ 1,916,702      $ 1,638,935  

Ratios to average net assets of:

              

Expenses3,4

     0.64 %5        0.63 %6        0.64 %5        0.63      0.63

Net investment income

     6.15      7.53      6.16      4.58      4.91

Portfolio turnover rate7

     42      43      53      62      41

 

WisdomTree Emerging Markets
Multifactor Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 21.55      $ 23.66      $ 25.81      $ 17.75      $ 23.61  

Investment operations:

              

Net investment income1

     0.60        0.90        1.01        0.56        0.73  

Net realized and unrealized gain (loss)

     4.37        (2.30      (2.44      7.90        (5.91

Total from investment operations

     4.97        (1.40      (1.43      8.46        (5.18

Dividends to shareholders:

              

Net investment income

     (0.41      (0.71      (0.72      (0.40      (0.68

Net asset value, end of year

   $ 26.11      $ 21.55      $ 23.66      $ 25.81      $ 17.75  

TOTAL RETURN2

     23.29      (5.74 )%       (5.72 )%       48.12      (22.44 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 23,500      $ 2,155      $ 2,366      $ 5,162      $ 7,102  

Ratios to average net assets of:

              

Expenses

     0.48      0.48      0.48 %3,4       0.48 %3,4       0.48

Net investment income

     2.47      4.21      3.91      2.51      3.24

Portfolio turnover rate7

     112      123      115      125      166
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

4 

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

 

5 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.63%.

 

6 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been unchanged.

 

7 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree Emerging Markets Quality
Dividend Growth Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 22.48      $ 26.27      $ 29.51      $ 19.43      $ 24.71  

Investment operations:

              

Net investment income1

     0.55        0.80        0.83        0.61        0.66  

Net realized and unrealized gain (loss)

     3.00        (3.69      (3.28      10.08        (5.32

Total from investment operations

     3.55        (2.89      (2.45      10.69        (4.66

Dividends to shareholders:

              

Net investment income

     (0.55      (0.90      (0.79      (0.61      (0.62

Net asset value, end of year

   $ 25.48      $ 22.48      $ 26.27      $ 29.51      $ 19.43  

TOTAL RETURN2

     16.02      (10.75 )%       (8.48 )%       55.66      (19.30 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 135,048      $ 87,681      $ 86,705      $ 94,431      $ 69,936  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.32      0.32      0.32      0.32 %3        0.32 %4  

Expenses, prior to expense waivers

     0.32      0.32      0.32      0.42      0.63

Net investment income

     2.38      3.61      2.89      2.38      2.74

Portfolio turnover rate5

     55      40      42      57      55

 

WisdomTree Emerging Markets
SmallCap Dividend Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 45.72      $ 53.44      $ 50.79     $ 32.98      $ 47.03  

Investment operations:

             

Net investment income1

     2.15        2.25        1.99       1.58        1.82  

Net realized and unrealized gain (loss)

     5.36        (7.65      2.80       18.04        (14.02

Total from investment operations

     7.51        (5.40      4.79       19.62        (12.20

Dividends to shareholders:

             

Net investment income

     (2.21      (2.32      (2.14     (1.81      (1.85

Net asset value, end of year

   $ 51.02      $ 45.72      $ 53.44     $ 50.79      $ 32.98  

TOTAL RETURN2

     16.92      (9.76 )%       9.48     60.63      (26.95 )% 

RATIOS/SUPPLEMENTAL DATA:

             

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

   $ 2,755,145      $ 2,688,439      $ 2,575,592     $ 1,935,213      $ 1,216,850  

Ratios to average net assets of:

             

Expenses6,7

     0.59 %8        0.58      0.61 %9,10       0.63      0.63

Net investment income

     4.53      4.96      3.75     3.65      4.05

Portfolio turnover rate5

     51      53      45     59      47
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The investment advisor had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.32%.

 

4 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

6 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

7 

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

 

8 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

9 

Prior to September 1, 2021, the Fund’s annual advisory fee rate was 0.63% and, thereafter, was reduced to 0.58% per annum.

 

10 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.60%.

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree Global ex-U.S.
Quality Dividend Growth Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 20221
    For the
Year Ended
March 31, 20211
     For the
Year Ended
March 31, 20201
 

Net asset value, beginning of year

   $ 35.37      $ 39.95      $ 38.60     $ 26.57      $ 27.80  

Investment operations:

 

Net investment income2

     0.66        1.38        1.01       0.80        0.80  

Net realized and unrealized gain (loss)

     3.59        (4.62      1.15       11.94        (1.31

Total from investment operations

     4.25        (3.24      2.16       12.74        (0.51

Dividends to shareholders:

 

Net investment income

     (0.68      (1.34      (0.81     (0.71      (0.72

Net asset value, end of year

   $ 38.94      $ 35.37      $ 39.95     $ 38.60      $ 26.57  

TOTAL RETURN3

     12.18      (7.53 )%       5.57     48.25      (2.01 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 642,511      $ 526,997      $ 567,239     $ 355,130      $ 95,661  

Ratios to average net assets of:

 

Expenses4

     0.43 %6,7       0.43 %6,7        0.54 %5,6,8      0.58      0.58 %6  

Net investment income

     1.85      4.16      2.44     2.29      2.68

Portfolio turnover rate9

     66      67      59     56      56

 

           
WisdomTree Global High
Dividend Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 46.86      $ 51.03      $ 46.89      $ 34.33      $ 46.11  

Investment operations:

 

Net investment income2

     2.10        1.91        1.95        1.63        1.78  

Net realized and unrealized gain (loss)

     4.12        (4.21      4.02        12.62        (11.79

Total from investment operations

     6.22        (2.30      5.97        14.25        (10.01

Dividends to shareholders:

 

Net investment income

     (2.17      (1.87      (1.83      (1.69      (1.77

Net asset value, end of year

   $ 50.91      $ 46.86      $ 51.03      $ 46.89      $ 34.33  

TOTAL RETURN3

     13.73      (4.28 )%       12.96      42.38      (22.46 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 109,448      $ 135,908      $ 68,889      $ 65,641      $ 66,952  

Ratios to average net assets of:

 

Expenses4,6

     0.58      0.58 %5        0.58 %5        0.58      0.58

Net investment income

     4.44      4.09      3.98      4.05      3.88

Portfolio turnover rate9

     41      45      39      48      32
1 

Per share amounts were adjusted to reflect a 2:1 share split effective June 9, 2021.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

5 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been unchanged.

 

6 

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

 

7 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.42%.

 

8 

Prior to January 1, 2022, the Fund’s annual advisory fee rate was 0.58% and, thereafter, was reduced to 0.42% per annum.

 

9 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Financial Highlights (concluded)

WisdomTree Trust

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

 

 

WisdomTree India Earnings
Fund
 (consolidated)
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 2023
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 31.45      $ 36.34      $ 31.26      $ 16.19      $ 26.26  

Investment operations:

 

Net investment income1

     0.25        0.41        0.38        0.16        0.30  

Net realized and unrealized gain (loss)

     11.71        (3.45      5.20        15.16        (10.18

Net increase from payment by affiliate

                   0.00 2                

Total from investment operations

     11.96        (3.04      5.58        15.32        (9.88

Dividends and distributions to shareholders:

 

Net investment income

            (1.85      (0.50      (0.25      (0.19

Tax return of capital

     (0.06                            

Total dividends and distributions to shareholders

     (0.06      (1.85      (0.50      (0.25      (0.19

Net asset value, end of year

   $ 43.35      $ 31.45      $ 36.34      $ 31.26      $ 16.19  

TOTAL RETURN3

     38.08      (8.05 )%       17.85 %4        95.10      (37.84 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 2,878,348      $ 786,234      $ 893,841      $ 787,825      $ 563,317  

Ratios to average net assets of:

 

Expenses5,6

     0.87 %7        0.85 %8        0.84 %9        0.84 %9        0.84 %9  

Net investment income

     0.66      1.25      1.07      0.67      1.22

Portfolio turnover rate10

     29      51      30      23      32

 

           
WisdomTree New Economy Real
Estate Fund
   For the
Year Ended
March 31, 2024
     For the
Year Ended
March 31, 202311
     For the
Year Ended
March 31, 2022
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

Net asset value, beginning of year

   $ 17.11      $ 23.34      $ 26.55      $ 22.11      $ 32.15  

Investment operations:

 

Net investment income1

     0.40        0.35        1.14        0.89        1.13  

Net realized and unrealized gain (loss)

     1.00        (6.37      (2.74      4.35        (8.79

Total from investment operations

     1.40        (6.02      (1.60      5.24        (7.66

Dividends to shareholders:

 

Net investment income

     (0.43      (0.21      (1.61      (0.80      (2.38

Net asset value, end of year

   $ 18.08      $ 17.11      $ 23.34      $ 26.55      $ 22.11  

TOTAL RETURN3

     8.42      (25.82 )%       (6.45 )%       23.92      (25.74 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 19,892      $ 25,661      $ 54,850      $ 63,711      $ 80,703  

Ratios to average net assets of:

 

Expenses

     0.58      0.59 %12        0.59 %12        0.58      0.58 %5  

Net investment income

     2.34      1.90      4.48      3.59      3.75 %5  

Portfolio turnover rate10

     20      165 %11        7      39      21
1 

Based on average shares outstanding.

 

2 

Amount represents less than $0.005.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.04% lower.

 

5 

Does not include expenses of the Underlying Funds in which the Fund invests.

 

6 

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

 

7 

Includes interest expense of 0.04% for the fiscal year.

 

8 

Includes interest expense of 0.02% for the fiscal year.

 

9 

Includes interest expense of 0.01% for the fiscal year.

 

10 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

11 

The information reflects the investment objective and strategy of the WisdomTree Global ex-U.S. Real Estate Fund through April 20, 2022 and the investment objective and strategy of the WisdomTree New Economy Real Estate Fund thereafter. The increase in the portfolio turnover rate was primarily a result of the aforementioned investment objective and strategy change.

 

12 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.

 

   
Fund    Commencement
of Operations
 

WisdomTree China ex-State-Owned Enterprises Fund (“China ex-State-Owned Enterprises Fund”)

     September 19, 2012  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (“Emerging Markets ex-State-Owned Enterprises Fund”)

     December 10, 2014  

WisdomTree Emerging Markets High Dividend Fund (“Emerging Markets High Dividend Fund”)

     July 13, 2007  

WisdomTree Emerging Markets Multifactor Fund (“Emerging Markets Multifactor Fund”)

     August 10, 2018  

WisdomTree Emerging Markets Quality Dividend Growth Fund (“Emerging Markets Quality Dividend Growth Fund”)

     August 1, 2013  

WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund”)

     October 30, 2007  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (“Global ex-U.S. Quality Dividend Growth Fund”)

     June 16, 2006  

WisdomTree Global High Dividend Fund (“Global High Dividend Fund”)

     June 16, 2006  

WisdomTree India Earnings Fund (“India Earnings Fund”) (consolidated)

     February 22, 2008  

WisdomTree New Economy Real Estate Fund (“New Economy Real Estate Fund”)

     June 5, 2007  

The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius (“Mauritius”). The Portfolio was incorporated under the provisions of the Mauritius Companies Act, 2001 and holds a Global Business License Category 1 issued by the Financial Services Commission.

Each Fund, except for the Emerging Markets Multifactor Fund and Emerging Markets Quality Dividend Growth Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree, Inc. (“WisdomTree”) or an Index developed by a third party. The Emerging Markets Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. The Emerging Markets Quality Dividend Growth Fund is actively managed using a model-based approach seeking income and capital appreciation. WisdomTree is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund (including the Portfolio) and the Trust. “WisdomTree” is a registered trademark of WisdomTree 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 believe 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.

Basis of Consolidation — The financial statements for the India Earnings Fund include the accounts of the Portfolio (a wholly-owned and controlled Mauritius subsidiary). The India Earnings Fund’s accompanying financial statements reflect the financial position and the results of operations on a consolidated basis with its Portfolio. All intercompany accounts and transactions have been eliminated in the consolidation.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each

 

94   WisdomTree Trust


Notes to Financial Statements (continued)

 

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” or “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 on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts that settle within two business days after the trade date (“Spot Contracts”) and foreign currency contracts having a settlement period greater than two business days after the trade date (“Forward Contracts”) are valued on the measurement date using an interpolated foreign exchange rate between the closest preceding and subsequent settlement period, as calculated using the 4:00 p.m. London time closing spot and forward rates provided by an independent pricing service provider.

Pursuant to Board-approved valuation procedures established by the Trust and WTAM, the Board has appointed WTAM as the Funds’ valuation designee (the “Valuation Designee”) to perform all fair valuations of the Funds’ portfolio investments, subject to the Board’s oversight. As the Valuation Designee, WTAM has established procedures for its fair valuation of a Fund’s portfolio investments. These procedures address, among other things, determining when market quotations are not readily available or reliable and the methodologies to be used for determining the fair value of investments, as well as the use and oversight of third-party pricing services for fair valuation. The Valuation Designee is comprised of senior representatives of WTAM and 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 the exchange or system on which it is principally traded, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Valuation Designee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Valuation Designee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

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

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

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended (either due to events affecting the issuer of the security specifically or events affecting the primary trading exchange more broadly) or which has been de-listed from its primary trading exchange; (iv) a

 

WisdomTree Trust      95  


Notes to Financial Statements (continued)

 

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 in 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 (e.g., credit rating, debt ranking, coupon date, maturity date, etc.), 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 Valuation Designee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Valuation Designee 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 Valuation Designee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the fiscal year ended March 31, 2024, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the fiscal year ended March 31, 2024 and open positions in such derivatives as of March 31, 2024 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. The Funds’ derivative agreements may also contain credit-risk related contingent features which may include, but are not limited to, a threshold in the Funds’ derivative agreements on unrealized depreciation (i.e., the Funds’ obligation to the counterparty) above a specified dollar amount. If an event occurred at March 31, 2024 that triggered a contingent feature, the counterparty to the agreement may require a Fund to post collateral (or 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 due to a counterparty. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed in Note 2 — Master Netting Arrangements under the column entitled “Liabilities: Net Amount”. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2024, if any, is reflected as a footnote within each Fund’s Schedule of Investments. At March 31, 2024, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

 

96   WisdomTree Trust


Notes to Financial Statements (continued)

 

As of March 31, 2024, 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  

Emerging Markets High Dividend Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
   $ 2,100      Unrealized depreciation on
foreign currency contracts
   $  

Emerging Markets Multifactor Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     286,499      Unrealized depreciation on
foreign currency contracts
     177,246  

Emerging Markets Quality Dividend Growth Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     32      Unrealized depreciation on
foreign currency contracts
     1,879  

Emerging Markets SmallCap Dividend Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     5,925      Unrealized depreciation on
foreign currency contracts
     20  

Global ex-U.S. Quality Dividend Growth Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     3  

Global High Dividend Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     21      Unrealized depreciation on
foreign currency contracts
     18  

New Economy Real Estate Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     1  

For the fiscal year ended March 31, 2024, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

China ex-State-Owned Enterprises Fund

     

Foreign currency risk

   $ 1,526,649      $ (3)  

Emerging Markets ex-State-Owned Enterprises Fund

     

Foreign currency risk

     72,645         

Emerging Markets High Dividend Fund

     

Foreign currency risk

     (790,709      2,060  

Emerging Markets Multifactor Fund

     

Foreign currency risk

     (30,763      124,127  

Emerging Markets Quality Dividend Growth Fund

     

Foreign currency risk

     (45,347      (1,695)  

Emerging Markets SmallCap Dividend Fund

     

Foreign currency risk

     (1,099,643      5,905  

Global ex-U.S. Quality Dividend Growth Fund

     

Foreign currency risk

     (154,433      (2,177

Global High Dividend Fund

     

Foreign currency risk

     13,138        3  

India Earnings Fund (consolidated)

     

Equity risk

     (2,744       

Foreign currency risk

     (1,106,581       

New Economy Real Estate Fund

     

Foreign currency risk

     (8,624      24  
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign currency risk

   Net realized gain (loss) from foreign currency contracts

Equity risk

   Net realized gain (loss) from futures contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign currency risk

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

 

WisdomTree Trust      97  


Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2024, the volume of derivative activity (based on the average of month-end notional balances, except where footnoted) for each Fund was as follows:

 

      Average Notional  
Fund    Foreign currency
contracts
(to deliver
USD)
     Foreign currency
contracts
(to receive
USD)
     Futures
contracts
(long)
 

China ex-State-Owned Enterprises Fund

        

Foreign currency risk

   $ 1,572      $ 115,263      $  

Emerging Markets ex-State-Owned Enterprises Fund

        

Foreign currency risk

            1,089,769         

Emerging Markets High Dividend Fund

        

Foreign currency risk

     4,074,636        805,063         

Emerging Markets Multifactor Fund

        

Foreign currency risk

     4,775,122        9,652,219         

Emerging Markets Quality Dividend Growth Fund

        

Foreign currency risk

     110,356        14,987         

Emerging Markets SmallCap Dividend Fund

        

Foreign currency risk

            1,865,373         

Global ex-U.S. Quality Dividend Growth Fund

        

Foreign currency risk

     58,819        93,900         

Global High Dividend Fund

        

Foreign currency risk

            24,888         

India Earnings Fund

        

Equity risk1

                   4,133,410  

Foreign currency risk1

     37,915,966        166,040,566         

New Economy Real Estate Fund

        

Foreign currency risk

     3,863        2,182         
  1 

The volume of derivatives for the period is based on intra-month balances.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (less foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized on the ex-dividend date, or, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined, at the fair value of securities to be received. Upon notification from real estate investment trust (“REIT”) issuers or as estimated by management, all or a portion of the dividend income received from a REIT may be redesignated as a reduction of cost of the related investment and/or as a realized gain. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. In addition, the Funds generally will write-off interest receivable balances in default by the issuer as of the date any applicable interest payment grace period or forbearance period expires or as of the date any interest payment cancellation notification was publicly made available or when it becomes probable that interest will not be collected and the amount of uncollectable interest can be reasonably estimated. Interest income (including amortization of premiums and accretion of discounts), less 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.

During the fiscal year ended March 31, 2024, dividend payments denominated in Russian rubles from certain sanctioned Russian issuers were made into restricted foreign cash accounts held by the Funds’ custodian on behalf of the Emerging Markets ex-State-Owned Enterprises Fund, Emerging Markets High Dividend Fund, Emerging Markets Multifactor Fund, Emerging Markets Quality Dividend Growth Fund, Global ex-U.S. Quality Dividend Growth Fund, and Global High Dividend Fund. Under sanctions imposed by the United States (“U.S.”) and the European Union (“E.U.”) against Russia and certain Russian issuers pertaining to Russia’s invasion of Ukraine, payments (such as dividend payments or interest payments) made by sanctioned issuers to entities domiciled in the U.S., such as the Funds, or E.U. are restricted from withdrawal or use and there is no assurance these sanctioned payments will be ultimately collected by the Funds. As a result of U.S. sanctions in place against Russia and certain Russian issuers and significant uncertainty as to whether these sanctions will be removed or lifted, the Funds have not recognized these Russian dividend payments.

 

98   WisdomTree Trust


Notes to Financial Statements (continued)

 

Foreign Taxes — The Funds may be subject to foreign taxes (a portion of which may be reclaimable or refundable) on foreign income or capital gains on investment transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and tax rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are accrued and applied to foreign income as the foreign income is earned and are reflected on the Statements of Operations as follows: foreign taxes withheld on dividends are presented as a reduction to investment income in “Less: Foreign withholding taxes on dividends”, foreign taxes on capital gains from investment transactions, if any, are included in “Net realized gain (loss) from investment transactions”, and deferred foreign taxes on net unrealized appreciation on investments, if any, are included in “Net increase (decrease) in unrealized appreciation/depreciation on investment transactions”. Foreign taxes payable or deferred as of March 31, 2024, if any, are disclosed in the Statements of Assets and Liabilities in “Payables: Foreign capital gains tax”.

In certain foreign jurisdictions, when the Funds incur subsequent capital losses on investment transactions that occurred during the tax year in the applicable foreign jurisdiction, the Funds may be entitled to a refund on any foreign taxes paid on previous capital gain investment transactions that occurred during the tax year of the applicable foreign jurisdiction. Foreign capital gain tax refunds on investment transactions are included in “Net realized gain (loss) from investment transactions” on the Statements of Operations and foreign capital gain tax refunds that remain unpaid as of March 31, 2024, if any, are disclosed in the Statements of Assets and Liabilities in “Receivables: Foreign capital gains tax refund”.

The Funds file foreign tax reclaims in certain foreign jurisdictions to recover a portion of amounts previously withheld on dividend income if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims recorded relating to current fiscal year investment income are included in the Statements of Operations as a reduction to the balance shown for “Foreign withholding taxes on dividends” and foreign tax reclaims recorded, but not yet received as of March 31, 2024, if any, are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”.

The Portfolio holds a tax residency certificate issued by the Mauritian Revenue authorities as well as other tax residency related documentation prescribed by the Indian Revenue authorities and should be regarded as the beneficial owner of the investments made in Indian securities, which should entitle it to claim the benefits of the double taxation avoidance agreement entered between the Government of India and Mauritius (“tax treaty”).

The taxable profits derived from the Portfolio are subject to income tax at the rate of 15% in the Republic of Mauritius (“Mauritius”) and eligible for a presumed foreign tax credit of 80% of the Mauritian tax on the respective foreign income which effectively limits the maximum income tax payable to an effective rate of 3%. The Mauritius income tax is paid by WTAM (out of its fee paid by the India Earnings Fund), accordingly, no provision for Mauritius income taxes is required. Under the tax treaty, as amended, Mauritius entities (such as the Portfolio) are subject to tax on capital gains arising on the disposal of shares of an Indian company. However, investments in shares acquired up to March 31, 2017 are grandfathered, thus exempted from capital gains tax in India irrespective of the date of disposal (subject to the entity being eligible for the tax treaty benefits). The Indian tax rates applicable on disposal of securities would depend on the nature of securities, the holding period and the manner of disposal. Further, Indian tax laws have introduced certain General Anti-Avoidance Rules (“GAAR”) applicable to financial years beginning on or after April 1, 2017 (i.e., investments made into India on or after April 1, 2017). GAAR is applied if the “main purpose” of the arrangement is to obtain a tax benefit. With effect from April 1, 2017, the investments made by the Portfolio would be subject to GAAR if any tax benefit is claimed by the Portfolio. In the absence of any clear guidance on the applicability of the GAAR provisions to the Portfolio, and its limited benefit only with respect to dividend income, the Portfolio has elected not to claim any benefit of the tax treaty with effect from April 1, 2017 (other than on grandfathered investments). Reference to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of “net realized gain (loss) from investment transactions” and “net increase (decrease) in unrealized appreciation/depreciation from investment transactions”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in “net realized gain (loss) from foreign currency contracts” and “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in “net realized gain (loss) from foreign currency related transactions” and/or “net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies” in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

 

WisdomTree Trust      99  


Notes to Financial Statements (continued)

 

Expenses — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM. Interest expense associated with a short-term loan from a U.S. bank that is incurred in connection with the execution of portfolio rebalancing trades is not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Foreign Currency Contracts — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the Emerging Markets Multifactor Fund, do not expect to engage in currency transactions for the purpose of hedging against currency exposures of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes. During the fiscal year ended March 31, 2024, the Funds, except for the Emerging Markets Multifactor Fund, utilized foreign currency contracts primarily to facilitate foreign security settlements. The Emerging Markets Multifactor Fund utilized foreign currency contracts primarily to offset applicable international currency exposure from certain positions in emerging market equities. A foreign currency 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 foreign currency contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades.

Risks may arise upon entering into foreign currency 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 foreign currency contracts are recorded for book purposes as unrealized gains or losses on foreign currency contracts by the Funds and are included in “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts” on the Statements of Operations. Realized gains and losses on foreign currency contracts include net gains or losses recognized by the Funds on contracts which have settled and are included in “net realized gain (loss) from foreign currency contracts” on the Statements of Operations.

Futures Contracts — The India Earnings Fund utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with its investment objective during the Fund’s periodic portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency, equity, digital asset or U.S. Treasury security, collectively herein, “Reference Asset”) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified Reference Asset at a future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. A Fund may also cash settle upon the expiration date of a futures contract in which no physical delivery (or receipt) of the specified Reference Asset comprising the futures contract is made. Instead, settlement in cash would occur upon the expiration of the contract, with the cash settlement being the difference between the contract price and the actual

 

100   WisdomTree Trust


Notes to Financial Statements (continued)

 

price of the specified Reference Asset at the expiration date. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or U.S. government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Cash deposited as initial margin, if any, is shown as “Deposits at broker for futures contracts” in the Statements of Assets and Liabilities, and U.S. government securities deposited, if any, are designated in the Schedule of Investments. 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 unrealized net gain or loss is reclassified to realized gain or loss on futures. The Funds have adopted a derivatives risk management program pursuant to Rule 18f-4 under the 1940 Act to assess and manage the Funds’ derivatives risk. Rule 18f-4 limits the amount of derivatives a fund can enter into and replaces the asset segregation framework previously used by the Funds to comply with Section 18 of the 1940 Act.

As of March 31, 2024, there were no open futures contracts in the Funds.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter (“OTC”) derivatives, such as foreign currency 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 currency contracts, options and certain swaps). 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.

 

WisdomTree Trust      101  


Notes to Financial Statements (continued)

 

The Funds’ securities lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower. However, in the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2024, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
         

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
       
Fund   Financial
Instruments
    Collateral
Received
    Net Amount     Financial
Instruments
    Collateral
Posted
    Net Amount  

China ex-State-Owned Enterprises Fund

               

Securities Lending

  $ 17,915,740     $     $ (17,915,740 )1    $     $     $     $     $  

Emerging Markets ex-State-Owned Enterprises Fund

               

Securities Lending

    100,971,874             (100,971,874 )1                               

Emerging Markets High Dividend Fund

               

Securities Lending

    243,668,369             (243,668,369 )1                               

Foreign Currency Contracts

    2,100                   2,100                          

Emerging Markets Multifactor Fund

               

Securities Lending

    83,527             (83,527 )1                                

Foreign Currency Contracts

    286,499       (137,850           148,649       177,246       (137,850           39,396  

Emerging Markets Quality Dividend Growth Fund

               

Securities Lending

    2,281,054             (2,281,054 )1                               

Foreign Currency Contracts

    32       (7           25       1,879       (7           1,872  

Emerging Markets SmallCap Dividend Fund

               

Securities Lending

    455,444,799             (455,444,799 )1                               

Foreign Currency Contracts

    5,925                   5,925       20                   20  

Global ex-U.S. Quality Dividend Growth Fund

               

Securities Lending

    48,910,080             (48,910,080 )1                               

Foreign Currency Contracts

                            3                   3  

Global High Dividend Fund

               

Securities Lending

    8,306,068             (8,306,068 )1                               

Foreign Currency Contracts

    21                   21       18                   18  

New Economy Real Estate Fund

               

Securities Lending

    2,724,130             (2,724,130 )1                               

Foreign Currency Contracts

                            1                   1  
  1

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are

 

102   WisdomTree Trust


Notes to Financial Statements (continued)

 

short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Restricted Securities — Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is included at the end of each Fund’s Schedule of Investments.

Emerging Market Investments — Investments in securities listed and traded in emerging markets are subject to additional risks that may not be present for U.S. investments or investments in more developed non-U.S. markets. Such risks may include: (i) greater market volatility; (ii) lower trading volume; (iii) greater social, political and economic uncertainty; (iv) governmental controls on foreign investments and limitations on repatriation of invested capital; (v) the risk that companies may be held to lower disclosure, corporate governance, auditing and financial reporting standards than companies in more developed markets; and (vi) the risk that there may be less protection of property rights than in other countries. Emerging markets are generally less liquid and less efficient than developed securities markets.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations (i.e., tax basis) which may differ to amounts determined under GAAP (i.e., book basis). These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital. The India Earnings Fund has filed an election to treat the Portfolio as a “pass-through” entity for tax purposes.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Additionally, the Portfolio is also advised by WTAM and is sub-advised by Mellon. Mellon is compensated by WTAM at no additional cost to the Funds or the Portfolio. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

 

WisdomTree Trust      103  


Notes to Financial Statements (continued)

 

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets and, with respect to the India Earnings Fund, based on the average daily net assets of the India Earnings Fund and the Portfolio on a consolidated basis, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

China ex-State-Owned Enterprises Fund

     0.32

Emerging Markets ex-State-Owned Enterprises Fund

     0.32

Emerging Markets High Dividend Fund

     0.63

Emerging Markets Multifactor Fund

     0.48

Emerging Markets Quality Dividend Growth Fund

     0.32

Emerging Markets SmallCap Dividend Fund

     0.58

Global ex-U.S. Quality Dividend Growth Fund

     0.42

Global High Dividend Fund

     0.58

India Earnings Fund (consolidated)

     0.83

New Economy Real Estate Fund

     0.58

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the fiscal year ended March 31, 2024, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of its advisory fees, that it would otherwise charge, for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (e.g., fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statements of Operations in “Expense waivers”.

WTAM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2024, WT held shares of and received distributions from the following Funds, which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

     
     At March 31, 2024      For the Fiscal Year Ended
March 31, 2024
 
Fund    Fund Shares
held by WT
     Market Value of
Fund Shares
held by WT
     Dividends and
Distributions paid to
WT on Fund Shares
held by WT
 

Emerging Markets ex-State-Owned Enterprises Fund

     806      $ 23,745      $ 579  

Emerging Markets High Dividend Fund

     166        6,945        454  

Emerging Markets Quality Dividend Growth Fund

     287        7,376        159  

Emerging Markets SmallCap Dividend Fund

     426        21,666        989  

Global ex-U.S. Quality Dividend Growth Fund

     58        2,256        84  

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2024, 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 to an authorized participant (“AP”). Except when aggregated in creation units (“Creation Unit Aggregations”), 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 (“Deposit Securities”) and/or an amount of cash (“Cash Component”). Creation Unit Aggregations may be created in advance of receipt by a Fund of all or a portion of the applicable Deposit Securities from APs. In these circumstances, the initial deposit received from the AP will have a value greater than the NAV of the applicable Fund’s shares on the date the order is placed in proper form since, in addition to available Deposit Securities, U.S. cash must be deposited by the AP in an amount equal to the sum of (i) the Cash Component, plus (ii) generally between 102%-110%, as directed by the Trust or WTAM, which the Trust or WTAM may change from time to time, of the market value of the undelivered Deposit Securities (the “Additional Cash Deposit”) with the Fund pending delivery of any missing Deposit Securities. The Fund will return any unused portion of the Additional Cash Deposit once all of the missing Deposit Securities have been properly received from the AP or purchased by the Fund. Amounts due to be returned to an AP as of March 31, 2024, if any, is shown in the Statements of Assets and Liabilities in “Payables: Deposit due to authorized participant”. The India Earnings Fund issues and redeems shares on a cash basis only as certain securities markets in which this Fund invest does not permit in-kind transfers of securities.

 

104   WisdomTree Trust


Notes to Financial Statements (continued)

 

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2024 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

China ex-State-Owned Enterprises Fund

   $ 187,780,383      $ 269,033,447      $ 1,429,788      $ 125,587,883  

Emerging Markets ex-State-Owned Enterprises Fund

     645,580,375        860,424,540        12,362,496        101,926,687  

Emerging Markets High Dividend Fund

     1,393,264,564        1,032,824,666        59,411,508        15,845,426  

Emerging Markets Multifactor Fund

     22,526,341        7,420,741        4,522,190         

Emerging Markets Quality Dividend Growth Fund

     83,753,201        59,153,338        7,186,198         

Emerging Markets SmallCap Dividend Fund

     1,442,242,222        1,609,033,367        25,272,151        114,902,196  

Global ex-U.S. Quality Dividend Growth Fund

     405,760,635        389,709,103        64,324,782        26,008,411  

Global High Dividend Fund

     46,099,957        48,988,864               33,058,853  

India Earnings Fund (consolidated)

     2,076,625,192        451,117,621                

New Economy Real Estate Fund

     4,801,242        4,285,302               7,147,939  

6. FEDERAL INCOME TAXES

At March 31, 2024, 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)

 

China ex-State-Owned Enterprises Fund

  $ 514,306,919     $ 24,821,288     $ (176,011,546   $ (151,190,258           $     $     $     $ (151,190,258

Emerging Markets ex-State-Owned Enterprises Fund

    1,860,576,581       501,709,485       (354,480,284     147,229,201                                 147,229,201  

Emerging Markets High Dividend Fund

    2,537,062,767       568,254,055       (272,563,394     295,690,661               2,100             2,100       295,692,761  

Emerging Markets Multifactor Fund

    21,781,156       2,195,242       (512,497     1,682,745               115,860       (132,104     (16,244     1,666,501  

Emerging Markets Quality Dividend Growth Fund

    110,111,641       32,111,017       (5,527,982     26,583,035               32       (1,919     (1,887     26,581,148  

Emerging Markets SmallCap Dividend Fund

    2,306,678,604       641,158,499       (148,574,436     492,584,063               5,925       (20     5,905       492,589,968  

Global ex-U.S. Quality Dividend Growth Fund

    577,211,104       134,342,066       (36,566,453     97,775,613                     (3     (3     97,775,610  

Global High Dividend Fund

    102,611,073       15,798,132       (3,705,142     12,092,990               21       (18     3       12,092,993  

India Earnings Fund (consolidated)

    2,202,262,615       783,253,083       (50,984,904     732,268,179                                 732,268,179  

New Economy Real Estate Fund

    25,300,702       960,272       (4,087,957     (3,127,685                               (3,127,685
  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.

 

WisdomTree Trust      105  


Notes to Financial Statements (continued)

 

At March 31, 2024, the components of total distributable earnings (loss) on a tax-basis were as follows:

 

             
Fund   Undistributed
Ordinary Income
   

Undistributed

Capital and Other
Gains

   

Net Unrealized
Appreciation/

(Depreciation)

   

Currency and

Other Unrealized
Appreciation/
(Depreciation)

    Other
Temporary
Differences1
    Total Distributable
Earnings (Loss)
 

China ex-State-Owned Enterprises Fund

  $ 119,996     $ (572,169,124   $ (151,190,258   $ 435,312     $     $ (722,804,074

Emerging Markets ex-State-Owned Enterprises Fund

          (860,554,618     147,229,201       (10,834,222     125,843       (724,033,796

Emerging Markets High Dividend Fund

    2,384,496       (1,637,219,791     295,690,661       (10,874,828     96,327       (1,349,923,135

Emerging Markets Multifactor Fund

    14,414       (1,113,265     1,682,745       (111,651           472,243  

Emerging Markets Quality Dividend Growth Fund

    89,872       (29,521,894     26,583,035       (1,877,966           (4,726,953

Emerging Markets SmallCap Dividend Fund

    2,971,456       (626,884,392     492,584,063       (11,366,254     100,484       (142,594,643

Global ex-U.S. Quality Dividend Growth Fund

    155,121       (104,746,891     97,775,613       (409,961     25,964       (7,200,154

Global High Dividend Fund

    242,704       (21,999,437     12,092,990       (48,190     748       (9,711,185

India Earnings Fund (consolidated)

          (4,967,282     732,268,179       (74,598,535     (627,172     652,075,190  

New Economy Real Estate Fund

    53,273       (44,689,492     (3,127,685     (460     757       (47,763,607
  1 

The treatment of certain income/expense items have been recognized for GAAP but disallowed for tax purposes.

The tax character of distributions paid during the fiscal years ended March 31, 2024 and March 31, 2023, was as follows:

 

     
     Year Ended March 31, 2024      Year Ended March 31, 2023  
Fund   

Distributions Paid
from Ordinary

Income*

     Distributions Paid
from Return of
Capital
    

Distributions Paid

from Ordinary

Income*

 

China ex-State-Owned Enterprises Fund

   $ 9,480,375      $      $ 8,628,659  

Emerging Markets ex-State-Owned Enterprises Fund

     38,726,000               52,252,500  

Emerging Markets High Dividend Fund

     151,734,500               137,420,525  

Emerging Markets Multifactor Fund

     102,000               70,527  

Emerging Markets Quality Dividend Growth Fund

     2,519,500               3,003,000  

Emerging Markets SmallCap Dividend Fund

     132,233,000               121,656,900  

Global ex-U.S. Quality Dividend Growth Fund

     11,257,500               18,475,318  

Global High Dividend Fund

     5,057,500               4,296,367  

India Earnings Fund (consolidated)

            1,524,000        40,595,106  

New Economy Real Estate Fund

     558,000               420,750  
  *

Includes short-term capital gains, if any.

At March 31, 2024, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the following table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term      Long-Term      Capital Loss
Available Total
 

China ex-State-Owned Enterprises Fund

   $ 181,169,929      $ 390,999,195      $ 572,169,124  

Emerging Markets ex-State-Owned Enterprises Fund

     276,641,880        583,877,184        860,519,064  

Emerging Markets High Dividend Fund

     522,859,053        1,114,360,738        1,637,219,791  

Emerging Markets Multifactor Fund

     1,113,265               1,113,265  

Emerging Markets Quality Dividend Growth Fund

     14,827,345        14,694,549        29,521,894  

Emerging Markets SmallCap Dividend Fund

     355,906,492        270,977,900        626,884,392  

Global ex-U.S. Quality Dividend Growth Fund

     88,450,596        16,296,295        104,746,891  

Global High Dividend Fund

     5,064,096        16,935,341        21,999,437  

India Earnings Fund (consolidated)

     3,785,976               3,785,976  

New Economy Real Estate Fund

     9,544,073        35,145,419        44,689,492  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year. At March 31, 2024, the Funds did not have any post-October capital losses to defer.

 

106   WisdomTree Trust


Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2024, the following Funds incurred and will elect to defer late year ordinary losses as follows:

 

   
Fund    Late Year
Ordinary Loss
 

China ex-State-Owned Enterprises Fund

   $  

Emerging Markets ex-State-Owned Enterprises Fund

     35,554  

Emerging Markets High Dividend Fund

      

Emerging Markets Multifactor Fund

      

Emerging Markets Quality Dividend Growth Fund

      

Emerging Markets SmallCap Dividend Fund

      

Global ex-U.S. Quality Dividend Growth Fund

      

Global High Dividend Fund

      

India Earnings Fund (consolidated)

     1,181,306  

New Economy Real Estate Fund

      

During the fiscal year ended March 31, 2024, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

   
Fund    Utilized
Capital Loss
Carryforward
 

China ex-State-Owned Enterprises Fund

   $  

Emerging Markets ex-State-Owned Enterprises Fund

      

Emerging Markets High Dividend Fund

      

Emerging Markets Multifactor Fund

     141,642  

Emerging Markets Quality Dividend Growth Fund

      

Emerging Markets SmallCap Dividend Fund

     86,874,406  

Global ex-U.S. Quality Dividend Growth Fund

      

Global High Dividend Fund

     291,910  

India Earnings Fund (consolidated)

     36,163,104  

New Economy Real Estate Fund

      

At March 31, 2024, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind.

 

     
Fund   

Total

Distributable
Earnings (Loss)

     Paid-in Capital  

China ex-State-Owned Enterprises Fund

   $ 34,765,485      $ (34,765,485

Emerging Markets ex-State-Owned Enterprises Fund

     (19,750,265      19,750,265  

Emerging Markets High Dividend Fund

     (557,425      557,425  

Emerging Markets Multifactor Fund

             

Emerging Markets Quality Dividend Growth Fund

             

Emerging Markets SmallCap Dividend Fund

     (15,955,735      15,955,735  

Global ex-U.S. Quality Dividend Growth Fund

     (5,382,977      5,382,977  

Global High Dividend Fund

     (5,951,174      5,951,174  

India Earnings Fund (consolidated)

     184,714        (184,714

New Economy Real Estate Fund

     686,997        (686,997

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. As of and during the fiscal year ended March 31, 2024, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Specific to U.S. federal and state taxes, generally, each of the tax years in the four-year period ended March 31, 2024, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions. The open tax years vary by each jurisdiction in which each Fund invests.

 

WisdomTree Trust      107  


Notes to Financial Statements (continued)

 

As a result of several European Court of Justice (“ECJ”) court cases in certain countries across the European Union (“EU”), certain Funds have filed additional tax reclaims for previously withheld taxes on dividends earned in those countries (“ECJ tax reclaims”). These additional filings are subject to various administrative proceedings by the local jurisdictions’ tax authorities within the EU, as well as a number of related judicial proceedings. Income recognized, if any, for ECJ tax reclaims is reflected as “Other income” in the Statements of Operations and the cost to file these additional ECJ tax reclaims is reflected as “Other fees” in the Statements of Operations. When the ECJ tax reclaim is not “more likely than not” to be sustained assuming examination by tax authorities due to the uncertainty that exists as to the ultimate resolution of these proceedings, the likelihood of receipt of these ECJ tax reclaims, and the potential timing of payment, no amounts are reflected in the financial statements. For U.S. income tax purposes, ECJ tax reclaims received by the Funds, if any, reduce the amounts of foreign taxes Fund shareholders can use as tax credits in their individual income tax returns. In the event that ECJ tax reclaims received by a Fund during the fiscal year exceed foreign withholding taxes paid, and a Fund previously passed foreign tax credits on to its shareholders, a Fund must either amend historic tax reporting to shareholders or enter into a closing agreement with the Internal Revenue Service in order to pay the associated tax liability on behalf of the respective Fund’s shareholders. During the fiscal year ended March 31, 2024, the ECJ tax reclaims received by the Funds did not exceed the foreign withholding taxes of the respective Funds.

7. DEMAND NOTE

On September 14, 2023, the India Earnings Fund entered into a demand note agreement with Bank of America, N.A. which allowed the India Earnings Fund to borrow up to $360,000,000 with a final maturity date of September 29, 2023. During the period from September 14, 2023 through September 25, 2023, the India Earnings Fund had an average outstanding demand note balance of $213,750,000 and a weighted average interest rate of 8.04% per annum. On September 26, 2023, the India Earnings Fund fully repaid amounts borrowed under the demand note and interest expense related to the demand note was $565,014.

8. SUBSEQUENT EVENTS

WTAM has evaluated all subsequent transactions and events through the date on which these financial statements were issued and has determined that no additional items require disclosure in these financial statements.

9. ADDITIONAL INFORMATION

Russia’s military invasion of Ukraine initiated in February 2022 and the economic and diplomatic responses by the United States and other countries have led to increased volatility and uncertainty in the financial markets and could continue to adversely affect regional and global economies for the foreseeable future. In response to Russia’s actions, the governments of the United States, the European Union, the United Kingdom, and many other countries collectively imposed heavy and broad-ranging economic sanctions on certain Russian individuals, corporate and banking entities, and other industries and businesses. The sanctions restrict companies from doing business with Russia and Russian companies, prohibit transactions with the Russian central bank and other key Russian financial institutions and entities, ban Russian airlines and ships from using many other countries’ airspace and ports, respectively, and place a freeze on certain Russian assets. The sanctions also removed some Russian banks from the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the electronic network that connects banks globally to facilitate cross-border payments. In addition, the United States has banned oil and other energy imports from Russia, as well as other popular Russian exports, such as diamonds, seafood and vodka. The European Union, the United Kingdom and other countries have also placed restrictions on certain oil, energy and luxury goods imports from Russia.

These sanctions, as well as other economic consequences related to the invasion, such as additional sanctions, boycotts, changes in consumer or purchaser preferences, or cyberattacks on governments, companies or individuals, may further decrease the value and liquidity of certain Russian securities as well as securities of issuers in other countries that are subject to or otherwise adversely affected by economic sanctions related to Russia’s invasion of Ukraine, including Russian counter measures. To the extent a Fund has exposure to Russian investments or investments in countries affected by the invasion or the sanctions, the Fund’s ability to price, buy, sell, receive or deliver, or receive dividends and interest payments on such investments may be impaired. In certain circumstances, such as when there is no market for a security or other means of valuing or disposing of a security, a Fund may determine to value the affected security at zero. In addition, any exposure a Fund may have to counterparties in Russia or in countries affected by the invasion could negatively affect the Fund’s portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions are impossible to predict, but could result in continued significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. Further, an escalation of the military conflict beyond Ukraine’s borders could result in significant, long-lasting damage to the economies of Eastern and Western Europe as well as the global economy. These and any related events could significantly and adversely affect a Fund’s performance and the value of an investment in the Fund, even in the absence of direct exposure to Russian issuers or issuers in other countries affected by the invasion.

* * * * * *

 

108   WisdomTree Trust


Notes to Financial Statements (concluded)

 

Financial markets around the world may experience extreme volatility, depressed valuations, decreased liquidity and heightened uncertainty and turmoil resulting from major cybersecurity events, geopolitical events (including wars, such as Russia’s invasion of Ukraine, terror attacks, and disruptions to foreign economic and trade relationships), public health emergencies, such as the COVID-19 pandemic, measures to address budget deficits, downgrading of sovereign debt, and public sentiment, among other events. Resulting market volatility, dramatic changes to interest rates, and otherwise unfavorable economic conditions may negatively impact Fund performance or impair a Fund’s ability to achieve its investment objective.

In March 2023, the financial distress of certain financial institutions raised economic concerns over disruption in the U.S. banking system and regarding the solvency of certain financial services firms. There can be no certainty that the actions taken by the U.S. government to strengthen public confidence in the U.S. banking system will be effective in mitigating the effects of financial institution failures on the economy and restoring public confidence in the U.S. banking system.

In October 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas also launched extensive rocket attacks on the Israeli population and industrial centers located along Israel’s border with the Gaza Strip and in other areas within the State of Israel. Following the attack, Israel’s security cabinet declared war against Hamas, and a military campaign was initiated. These events may result in significant market disruptions and may adversely affect regional and global economies.

* * * * * *

Raising the ceiling on U.S. government debt has become increasingly politicized. Any failure to increase the total amount that the U.S. government is authorized to borrow could lead to a default on U.S. government obligations, with unpredictable consequences for economies and markets in the U.S. and elsewhere. On August 1, 2023, Fitch Ratings, Inc. downgraded its U.S. debt rating from the highest AAA rating to AA+, citing “a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions”. The impacts, if any, of the downgrade on financial markets are unknown at this time. The downgrade has potential market impacts, including but not limited to, steep stock market declines and rising bond yields.

 

WisdomTree Trust      109  


Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree China ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets High Dividend Fund, WisdomTree Emerging Markets Multifactor Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global High Dividend Fund, WisdomTree India Earnings Fund and WisdomTree New Economy Real Estate Fund, and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities (consolidated as it relates to WisdomTree India Earnings Fund) of WisdomTree China ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets High Dividend Fund, WisdomTree Emerging Markets Multifactor Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global High Dividend Fund, WisdomTree India Earnings Fund and WisdomTree New Economy Real Estate Fund (collectively referred to as the “Funds”), (ten of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments (consolidated as it relates to WisdomTree India Earnings Fund), as of March 31, 2024, and the related statements of operations (consolidated as it relates to WisdomTree India Earnings Fund) for the year then ended, the statements of changes in net assets (consolidated as it relates to WisdomTree India Earnings Fund) for each of the two years in the period then ended, the financial highlights (consolidated as it relates to WisdomTree India Earnings Fund) for each of the five years in the period then ended and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position (consolidated as it relates to WisdomTree India Earnings Fund) of each of the Funds (ten of the funds constituting WisdomTree Trust) at March 31, 2024, the results of their operations (consolidated as it relates to WisdomTree India Earnings Fund) for the year then ended, the changes in their net assets (consolidated as it relates to WisdomTree India Earnings Fund) for each of the two years in the period then ended and their financial highlights (consolidated as it relates to WisdomTree India Earnings Fund) for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2024, by correspondence with the custodian, brokers and others; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, New York

May 30, 2024

 

110   WisdomTree Trust


Liquidity Risk Management Program (unaudited)

 

The Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule”) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor to the Funds, as the Program Administrator for each Fund’s Program.

The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-ended fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.

The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.

Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.

During the period from January 1, 2023 to December 31, 2023, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.

Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Funds maintain sufficient highly liquid assets to meet Fund redemptions.

 

WisdomTree Trust      111  


Trustees and Officers Information (unaudited)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other
Directorships
Held by Trustee

Trustees Who Are Interested Persons of the Trust
Jonathan Steinberg
(1964)
  Trustee, 2005- present; President, 2005-present   Chief Executive Officer of WisdomTree and WisdomTree Asset Management since 2005; President of WisdomTree and WisdomTree Asset Management from 2012 to 2019.     77     Director, WisdomTree and WisdomTree Asset Management.
Trustees Who Are Not Interested Persons of the Trust
David G. Chrencik1
(1948)
  Trustee, 2014-present   Chief Financial Officer of Sarus Indochina Select LP (a hedge fund) from 2012 to 2022.     77     None
Phillip Goff2
(1963)
  Trustee, 2024-present   Private Investor from 2017 to present; Trustee of RBC Funds Trust from 2020 to 2024; Senior Vice President/ Corporate Controller and Funds Treasurer at TIAA from 2006 to 2017.     77     None
Joel Goldberg3,4
(1945)
  Trustee, 2012-present   Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     77     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).
Toni Massaro4
(1955)
  Trustee, 2006-present   Regents Professor of Law Emerita since 2024; Executive Director of the Agnese Nelms Haury Program since 2021; Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) from 2009 to 2024 (distinguished Emerita in July 2009); Dean of the Rogers College of Law from 1999 to 2009; Regents Professor since 2006; Milton O. Riepe Chair in Constitutional Law from 1997 to 2022; Professor at the Rogers College of Law from 1990 to 2024.     77     None
Melinda A. 
Raso Kirstein5
(1955)
  Trustee, 2014-present   Retired since 2004; Vice President, Senior Portfolio Manager, Fixed Income Management, and Director of Tax Exempt Fund Management at Merrill Lynch Investment Management from 1982 to 2004.     77     Associate Alumnae of Douglass College, Chair of Investment Committee.
Victor Ugolyn
(1947)
  Trustee, 2006-present; Chairman of the Board, 2006-present   Private Investor from 2005 to present; President and Chief Executive Officer at William D. Witter, Inc. from 2005 to 2006; Chairman of MONY Securities Corporation, and Chairman, President and Chief Executive Officer at Enterprise Capital Management from 1999 to 2004.     77     None

 

 

112   WisdomTree Trust


Trustees and Officers Information (unaudited) (concluded)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other
Directorships
Held by Trustee

Officers of the Trust
Jonathan Steinberg
(1964)
 

President, 2005-

present; Trustee, 2005-present

  Chief Executive Officer of WisdomTree and WisdomTree Asset Management since 2005; President of WisdomTree and WisdomTree Asset Management from 2012 to 2019.     77     See Interested Trustees Table Above.
David Castano*
(1971)
  Treasurer, 2013-present   Head of Fund Accounting & Administration at WisdomTree Asset Management since 2020; Director of Fund Accounting & Administration at WisdomTree Asset Management from 2011 to 2020.     77     None
Terry Jane Feld*
(1960)
  Chief Compliance Officer, 2012-present   Head of U.S. Compliance at WisdomTree Asset Management since 2022; Chief Compliance Officer at WisdomTree Asset Management since 2012.     77     None
Joanne Antico*
(1975)
  Chief Legal Officer and Secretary, 2021-present   General Counsel at WisdomTree Asset Management since 2021; Assistant General Counsel at WisdomTree Asset Management from 2016 to 2021; Executive Director and Assistant Secretary at Morgan Stanley Investment Management Inc. from 2005 to 2016.     77     None
Clint Martin*
(1977)
  Assistant Treasurer, 2015-present   Director of Fund Accounting & Administration at WisdomTree Asset Management since 2020; Fund Manager, Fund Accounting & Administration at WisdomTree Asset Management from 2012 to 2020.     77     None
Angela Borreggine*
(1964)
  Assistant Secretary, 2022-present   Assistant General Counsel at WisdomTree Asset Management since 2022; Vice President and Senior Counsel at Virtus Investment Partners from 2021 to 2022; Secretary and Chief Legal Officer at Allianz Global Investors family of funds from 2016 to 2021 and of The Korea Fund, Inc. from 2016 to 2020; Director, Senior Counsel at Allianz Global Investors from 2007 to 2021.     77     None
TJ Darnowski*
(1984)
  Assistant Secretary, 2021-present   Senior Investment Management Paralegal at WisdomTree Asset Management since 2021; Senior Legal Administrator at Ultimus Fund Solutions from 2019 to 2021; Assistant Vice President at State Street Bank & Trust Company from 2010 to 2019.     77     None
Sherry Scarvey*
(1967)
 

Assistant Secretary,

2023-present

  Senior Investment Management Paralegal at WisdomTree Asset Management since 2023; Senior Legal Analyst at Eagle Point Credit Management, LLC from 2021 to 2023; Senior Legal Analyst at Jennison & Associates LLC from 2019 to 2021; Senior Legal Specialist at Legg Mason & Co. LLC from 2005 to 2019.     77     None

 

+

As of March 31, 2024.

 

1

Chair of the Audit Committee.

 

2

Appointed to the Board on February 27, 2024.

 

3

Chair of the Contracts Review Committee.

 

4

Co-Chair of the Governance, Nominating and Compliance Committee.

 

5

Chair of the Investment Committee.

 

*

Elected by and serves at the pleasure of the Board.

 

WisdomTree Trust      113  


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2024, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2025.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2024, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

China ex-State-Owned Enterprises Fund

   $ 5,333,945  

Emerging Markets ex-State-Owned Enterprises Fund

     18,896,225  

Emerging Markets High Dividend Fund

     76,610,983  

Emerging Markets Multifactor Fund

     129,723  

Emerging Markets Quality Dividend Growth Fund

     1,358,781  

Emerging Markets SmallCap Dividend Fund

     70,394,626  

Global ex-U.S. Quality Dividend Growth Fund

     9,871,692  

Global High Dividend Fund

     4,059,692  

India Earnings Fund (consolidated)

     22,212,993  

New Economy Real Estate Fund

     144,557  

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2024. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
    

Foreign

Taxes Paid

 

China ex-State-Owned Enterprises Fund

   $ 8,504,525      $ 532,965  

Emerging Markets ex-State-Owned Enterprises Fund

     40,640,988        10,509,919  

Emerging Markets High Dividend Fund

     176,146,417        17,619,830  

Emerging Markets Multifactor Fund

     198,317        65,003  

Emerging Markets Quality Dividend Growth Fund

     3,060,736        627,954  

Emerging Markets SmallCap Dividend Fund

     141,185,520        18,056,876  

Global ex-U.S. Quality Dividend Growth Fund

     12,407,196        1,607,733  

Global High Dividend Fund

             

India Earnings Fund (consolidated)

     32,005,212        22,212,993  

New Economy Real Estate Fund

             

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2024, that qualify for the 70% dividends received deduction for corporate shareholders:

 

   
Fund    Dividends-Received
Deduction
 

China ex-State-Owned Enterprises Fund

     0.82

Emerging Markets ex-State-Owned Enterprises Fund

     0.23

Emerging Markets High Dividend Fund

      

Emerging Markets Multifactor Fund

     0.06

Emerging Markets Quality Dividend Growth Fund

      

Emerging Markets SmallCap Dividend Fund

      

Global ex-U.S. Quality Dividend Growth Fund

     0.09

Global High Dividend Fund

     48.33

India Earnings Fund (consolidated)

      

New Economy Real Estate Fund

     0.13

 

114   WisdomTree Trust


General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. 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/investments.

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/investments.

 

WisdomTree Trust      115  


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, 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, Inc., 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.

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. 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. Dividends are not guaranteed, and a company currently paying dividends may cease paying dividends at any time. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.


LOGO

 

LOGO

 

Scan the QR code with your

smartphone camera to

 

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learn more at

WisdomTree.com/investments

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S.

WGM-517669


Item 2. Code of Ethics.

 

(a)

The Registrant, as of the end of the period covered by the Shareholder Reports, has adopted a code of ethics (the “Code”) that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the Registrant or a third party.

 

(b)

There have been no amendments, during the period covered by the Shareholder Reports, to a provision of the Code, and that relates to any element of the Code description.

 

(c)

The Registrant has not granted any waivers, including any implicit waiver, from a provision of the Code that relates to one or more of the items set forth in paragraph (b) of this item’s instructions.

 

(d)

The Code is attached hereto as exhibit 13(a)(1).

Item 3. Audit Committee Financial Expert.

The Registrant’s Board of Trustees (the “Board”) has determined that the Registrant has at least one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its Audit Committee. The Board has designated David Chrencik, the Chair of the Audit Committee, as the audit committee financial expert. Mr. Chrencik is “independent” as that term is defined under Item 3(a)(2).

Item 4. Principal Accountant Fees and Services.

Audit Fees

 

(a)

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the Registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were $1,066,503 for the fiscal year ended March 31, 2024 and $1,137,838 for the fiscal year ended March 31, 2023.


Audit-Related Fees

 

(b)

The aggregate fees billed for each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the Registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended March 31, 2024 and $0 for the fiscal year ended March 31, 2023.

Tax Fees

 

(c)

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for service fees for analysis of potential Passive Foreign Investment Companies, tax compliance, tax advice, and tax planning were $607,479 for the fiscal year ended March 31, 2024 and $582,220 for the fiscal year ended March 31, 2023.

All Other Fees

 

(d)

The aggregate fees billed for each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended March 31, 2024 and $0 for the fiscal year ended March 31, 2023.

 

(e)(1)

Disclose the Audit Committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.

The Registrant’s Audit Committee Charter provides that the Audit Committee shall have the following duties and powers: (a) to select and approve in advance, the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements; (b) to approve, prior to appointment, the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant; (c) to review and approve the fees proposed to be charged to the Registrant by the principal accountant for each audit and non-audit service; and (d) to consider whether the non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Registrant, which services were not pre-approved by the Audit Committee, are compatible with maintaining the principal accountant’s independence.

 

(e)(2)

The Registrant’s Audit Committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.


(f)

The percentage of hours expended on the principal accountant’s engagement to audit the Registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

 

(g)

The aggregate non-audit fees billed by the Registrant’s principal accountant for services rendered to the Registrant, and rendered to the Registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the Registrant for each of the last two fiscal years of the Registrant was $607,479 for the fiscal year ended March 31, 2024 and $582,220 for the fiscal year ended March 31, 2023.

 

(h)

Not applicable.

 

(i)

Not applicable.

 

(j)

Not applicable.

Item 5. Audit Committee of Listed Registrants.

The Registrant is an issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and has a separately designated standing Audit Committee established in accordance with Section 3(a)(58)A of the Exchange Act. The Registrant’s Audit Committee members are David Chrencik, Philip Goff, Melinda Raso Kirstein, and Victor Ugolyn.

Item 6. Investments.

 

(a)

Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period (i.e., March 31, 2024) is included as part of the Shareholder Reports filed under Item 1 of this form.

 

(b)

Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.


Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the Registrant’s Board, 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 the Shareholder Reports 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)   Code of Ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto.
(a)(2)   Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.
(a)(3)   Not applicable.
(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.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)    WisdomTree Trust   
By (Signature and Title)   

/s/ Jonathan L. Steinberg

        
   Jonathan L. Steinberg, President   
   (principal executive officer)   

Date: June 7, 2024

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)   

/s/ /Jonathan L. Steinberg

        
   Jonathan L. Steinberg, President   
   (principal executive officer)   
Date: June 7, 2024      
By (Signature and Title)   

/s/ David Castano

  
   David Castano, Treasurer   
   (principal financial officer)   

Date: June 7, 2024