Report of Independent Registered Public
Accounting Firm
To the Shareholders and
Board of Trustees of WisdomTree Trust
In planning and performing our audits of the financial
statements of WisdomTree Bloomberg U.S. Dollar
Bullish Fund, WisdomTree Chinese Yuan Strategy
Fund, WisdomTree Emerging Currency Strategy
Fund, WisdomTree Emerging Markets Corporate
Bond Fund, WisdomTree Emerging Markets Local
Debt Fund, WisdomTree Floating Rate Treasury
Fund, WisdomTree Interest Rate Hedged High
Yield Bond Fund, WisdomTree Interest Rate Hedged
U.S. Aggregate Bond Fund, WisdomTree
Mortgage Plus Bond Fund, WisdomTree Yield
Enhanced U.S. Aggregate Bond Fund, WisdomTree
Yield Enhanced U.S. Short-Term Aggregate Bond
Fund, WisdomTree Alternative Income Fund,
WisdomTree CBOE S&P 500 PutWrite Strategy
Fund, WisdomTree Efficient Gold Plus Equity
Strategy Fund, WisdomTree Efficient Gold Plus
Gold Miners Strategy Fund, WisdomTree Enhanced
Commodity Strategy Fund, WisdomTree Managed
Futures Strategy Fund and WisdomTree Target Range
Fund, (eighteen of the funds constituting WisdomTree
Trust (the “Trust”)) as of and for the periods ended
August 31, 2022, in accordance with the standards of
the Public Company Accounting Oversight Board
(United States) (PCAOB), we considered the Trust’s
internal control over financial reporting, including
controls over safeguarding securities, as a basis for
designing our auditing procedures for the purpose
of expressing our opinion on the financial statements
and to comply with the requirements of Form
N-CEN, 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.
The management of the Trust is responsible for
establishing and maintaining effective internal
control over financial reporting. In fulfilling
this responsibility, estimates and judgments
by management are required to assess the
expected benefits and related costs of controls.
A company’s internal control over financial
reporting is a process designed to provide
reasonable assurance regarding the reliability
of financial reporting and the preparation
of financial statements for external purposes
in accordance with U.S. generally accepted
accounting principles. A company’s internal
control over financial reporting includes
those policies and procedures that (1) pertain
to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the
transactions and dispositions of the assets of the
company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit
preparation of financial statements in
accordance with U.S. generally accepted accounting
principles, and that receipts and expenditures of
the company are being made only in accordance with
authorizations of management and trustees of the
company; and (3) provide reasonable assurance
regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a
company’s assets that could have a material effect
on the financial statements.
Because of its inherent limitations, internal
control over financial reporting
may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to
future periods are subject to the risk that controls
may become inadequate because of changes in
conditions, or that the degree of compliance with
the policies or procedures may deteriorate.
A deficiency in internal control over financial
reporting exists when the design or operation of a
control does not allow management or employees, in
the normal course of performing their assigned
functions, to prevent or
detect misstatements on a timely basis. A material
weakness is a deficiency, or a combination of
deficiencies, in internal control over financial
reporting, such that there is a reasonable
possibility that a material misstatement of the
Trust’s annual or interim financial statements
will not be prevented or detected on a
timely basis.
Our consideration of the Trust’s internal control
over financial reporting was for the limited purpose
described in the first paragraph and would not
necessarily disclose all deficiencies in internal
control that might be material weaknesses under
standards established by the PCAOB. However,
we noted no deficiencies in the Trust’s internal
control over financial reporting and its operation,
including controls over safeguarding securities,
that we consider to be a material weakness as
defined above as of August 31, 2022.
This report is intended solely for the information
and use of management and the Board of
Trustees of WisdomTree Trust and the Securities
and Exchange Commission and is not intended to
be and should not be used by anyone other than
these specified parties.
/s/ Ernst & Young LLP
New York, New York
November 1, 2022
Explanatory Notes to Form N-CEN Item C.17 (Principal Transactions)
The Registrant is providing the below information which it believes would be
helpful in understanding the information reported in response to Item C.17
(Principal Transactions) of this Form.
As indicated by the Form N-CEN instructions for Item C.17, the Registrant has
included the value of tender offers in the aggregate value of principal
purchase/sales during the period in Item C.17.b. However, because tender offer
principal transactions are not executed through a broker/dealer, this
information has been excluded from Item C.17.a. For purposes of reconciling
the value of principal transactions responses between Item C.17.a.vii and
Item C.17.b, the Registrant is including the value of tender offer principal
transactions below:
Sale
Proceeds from
Fund Name Tender Offers
WisdomTree Emerging Markets Corporate Bond Fund...................1,276,264.98
WisdomTree Interest Rate Hedged High Yield Bond Fund..............3,412,194.53
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund..........1,148,365.85
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund................9,352,538.83
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund.......111,096.50
WisdomTree Efficient Gold Plus Equity Strategy Fund...................2,565.00