-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A6z+73FMUiKLcaoI+2EONHI+26eas0OMmZMnJYT4OKsWhuvd9S3jo1S6vDh5/W5g EGxWJagQEVTHlLc5kW6L5A== 0001144204-07-009838.txt : 20070223 0001144204-07-009838.hdr.sgml : 20070223 20070223170823 ACCESSION NUMBER: 0001144204-07-009838 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070223 DATE AS OF CHANGE: 20070223 EFFECTIVENESS DATE: 20070223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WisdomTree Trust CENTRAL INDEX KEY: 0001350487 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-21864 FILM NUMBER: 07646588 BUSINESS ADDRESS: STREET 1: 48 WALL STREET CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 212-918-4968 MAIL ADDRESS: STREET 1: 48 WALL STREET CITY: NEW YORK STATE: NY ZIP: 10005 0001350487 S000012379 WisdomTree Total Dividend Fund C000033617 None 0001350487 S000012380 WisdomTree Japan Total Dividend Fund C000033618 None 0001350487 S000012381 WisdomTree Japan High-Yielding Equity Fund C000033619 None 0001350487 S000012382 WisdomTree Japan SmallCap Dividend Fund C000033620 None 0001350487 S000012383 WisdomTree Pacific ex-Japan High-Yielding Equity Fund C000033621 None 0001350487 S000012384 WisdomTree International LargeCap Dividend Fund C000033622 None 0001350487 S000012385 WisdomTree International MidCap Dividend Fund C000033623 None 0001350487 S000012386 WisdomTree International SmallCap Dividend Fund C000033624 None 0001350487 S000012387 WisdomTree Dividend Top 100 (SM) Fund C000033625 None 0001350487 S000012388 WisdomTree DIEFA (SM) Fund C000033626 None 0001350487 S000012389 WisdomTree International Dividend Top 100 (SM) Fund C000033627 None 0001350487 S000012390 WisdomTree High-Yielding Equity Fund C000033628 None 0001350487 S000012391 WisdomTree Pacific ex-Japan Total Dividend Fund C000033629 None 0001350487 S000012392 WisdomTree LargeCap Dividend Fund C000033630 None 0001350487 S000012393 WisdomTree MidCap Dividend Fund C000033631 None 0001350487 S000012394 WisdomTree SmallCap Dividend Fund C000033632 None 0001350487 S000012395 WisdomTree DIEFA High-Yielding Equity Fund C000033633 None 0001350487 S000012396 WisdomTree Europe Total Dividend Fund C000033634 None 0001350487 S000012397 WisdomTree Europe High-Yielding Equity Fund C000033635 None 0001350487 S000012398 WisdomTree Europe SmallCap Dividend Fund C000033636 None 0001350487 S000013755 WisdomTree International Basic Materials Sector Fund C000037719 None 0001350487 S000013756 WisdomTree International Utilities Sector Fund C000037720 None 0001350487 S000013757 WisdomTree International Communications Sector Fund C000037721 None 0001350487 S000013758 WisdomTree International Consumer Cyclical Sector Fund C000037722 None 0001350487 S000013759 WisdomTree International Consumer Non-Cyclical Sector Fund C000037723 None 0001350487 S000013760 WisdomTree International Energy Sector Fund C000037724 None 0001350487 S000013761 WisdomTree International Financial Sector Fund C000037725 None 0001350487 S000013762 WisdomTree International Health Care Sector Fund C000037726 None 0001350487 S000013763 WisdomTree International Industrial Sector Fund C000037727 None 0001350487 S000013764 WisdomTree International Technology Sector Fund C000037728 None N-Q 1 v065206_nq.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-21864 WisdomTree Trust - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in charter) 48 Wall Street, 11th Floor New York, NY 10005 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Marc J. Ruskin 48 Wall Street, 11th Floor New York, NY 10005 - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 1-212-918-4580 Date of fiscal year end: 3/31 Date of reporting period: 12/31/06 Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q 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 the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. Item 1. Schedule of Investments. Schedule of Investments (unaudited) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.6% Advertising--0.1% Harte-Hanks, Inc. 528 $ 14,631 Omnicom Group, Inc. 462 48,297 ----------- Total Advertising 62,928 ----------- Aerospace/Defense--1.5% Boeing Co. (The) 2,488 221,034 General Dynamics Corp. 1,279 95,094 Goodrich Corp. 484 22,046 L-3 Communications Holdings, Inc. 242 19,791 Lockheed Martin Corp. 1,565 144,090 Northrop Grumman Corp. 1,399 94,712 Raytheon Co. 2,071 109,349 Rockwell Collins, Inc. 330 20,886 United Technologies Corp. 3,869 241,889 ----------- Total Aerospace/Defense 968,891 ----------- Agriculture--3.4% Altria Group, Inc. 19,967 1,713,568 Archer-Daniels-Midland Co. 1,719 54,939 Delta & Pine Land Co. 383 15,492 Loews Corp. 660 42,715 Reynolds American, Inc. 3,210 210,159 UST, Inc. 1,498 87,184 Vector Group Ltd. 972 17,253 ----------- Total Agriculture 2,141,310 ----------- Airlines--0.0% Southwest Airlines Co. 1,385 21,218 ----------- Apparel--0.3% Jones Apparel Group, Inc. 418 13,974 Liz Claiborne, Inc. 374 16,254 NIKE, Inc. Class B 616 61,002 Phillips-Van Heusen Corp. 310 15,553 Polo Ralph Lauren Corp. 242 18,794 VF Corp. 717 58,851 ----------- Total Apparel 184,428 ----------- Auto Manufacturers--0.3% General Motors Corp. 4,482 137,687 Oshkosh Truck Corp. 264 12,783 Paccar, Inc. 792 51,401 ----------- Total Auto Manufacturers 201,871 ----------- Auto Parts & Equipment--0.1% BorgWarner, Inc. 220 12,984 Johnson Controls, Inc. 734 63,066 ----------- Total Auto Parts & Equipment 76,050 ----------- Banks--12.9% Alabama National BanCorp. 198 13,609 Associated Banc-Corp 946 32,996 BancorpSouth, Inc. 550 14,751 Bank of America Corp. 43,592 2,327,376 Bank of Hawaii Corp. 308 16,617 Bank of New York Co., Inc. (The) 4,326 170,315 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- BB&T Corp. 4,916 $ 215,960 BOK Financial Corp. 311 17,099 Boston Private Financial Holdings, Inc. 462 13,033 Capital One Financial Corp. 255 19,589 Cathay General Bancorp 374 12,907 Central Pacific Financial Corp. 352 13,644 Chittenden Corp. 506 15,529 Citizens Banking Corp. 506 13,409 City National Corp. 220 15,664 Colonial BancGroup, Inc. (The) 924 23,784 Comerica, Inc. 1,477 86,670 Commerce Bancorp, Inc. 528 18,623 Commerce Bancshares, Inc. 300 14,523 Compass Bancshares, Inc. 858 51,180 Corus Bankshares, Inc. 506 11,673 Cullen/Frost Bankers, Inc. 264 14,736 CVB Financial Corp. 858 12,407 East West Bancorp, Inc. 352 12,468 Fifth Third Bancorp 5,330 218,157 First Citizens BancShares, Inc. Class A 66 13,374 First Community Bancorp 242 12,649 First Horizon National Corp. 1,191 49,760 First Midwest Bancorp, Inc. 374 14,466 First Republic Bank 308 12,037 FirstMerit Corp. 792 19,119 Fremont General Corp. 682 11,055 Frontier Financial Corp. 594 17,363 Fulton Financial Corp. 1,301 21,727 Greater Bay Bancorp 462 12,164 Hancock Holding Co. 242 12,787 Huntington Bancshares, Inc. 2,270 53,913 International Bancshares Corp. 462 14,280 Investors Financial Services Corp. 308 13,142 KeyCorp 3,592 136,604 M&T Bank Corp. 492 60,103 Marshall & Ilsley Corp. 1,399 67,306 MB Financial, Inc. 374 14,066 Mellon Financial Corp. 2,049 86,365 Mercantile Bankshares Corp. 726 33,970 National City Corp. 6,112 223,455 Northern Trust Corp. 836 50,737 Old National Bancorp 704 13,320 Pacific Capital Bancorp 396 13,298 Park National Corp. 132 13,068 PNC Financial Services Group, Inc. (The) 2,172 160,815 Prosperity Bancshares, Inc. 418 14,425 Provident Bankshares Corp. 374 13,314 Regions Financial Corp. 6,367 238,126 Sky Financial Group, Inc. 814 23,232 South Financial Group, Inc. (The) 506 13,455 State Street Corp. 924 62,315 Sterling Financial Corp./WA 462 15,620 SunTrust Banks, Inc. 2,466 208,254 Susquehanna Bancshares, Inc. 594 15,967 Synovus Financial Corp. 1,983 61,136 TCF Financial Corp. 1,044 28,626 TD Banknorth, Inc. 1,521 49,098 Trustmark Corp. 440 14,392 UCBH Holdings, Inc. 770 13,521 UMB Financial Corp. 418 15,261 Umpqua Holdings Corp. 506 14,892 UnionBanCal Corp. 1,074 65,783 United Bankshares, Inc. 374 14,455 U.S. Bancorp 16,133 583,853 Valley National Bancorp 880 23,329 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Wachovia Corp. 19,373 $ 1,103,291 Webster Financial Corp. 286 13,934 Wells Fargo & Co. 24,988 888,573 Westamerica Bancorp 286 14,480 Whitney Holding Corp. 418 13,635 Wilmington Trust Corp. 418 17,627 Wintrust Financial Corp. 264 12,677 Zions Bancorp. 514 42,374 ----------- Total Banks 8,123,307 ----------- Beverages--2.3% Anheuser-Busch Cos., Inc. 4,331 213,085 Brown-Forman Corp. Class A 176 11,868 Brown-Forman Corp. Class B 217 14,374 Coca-Cola Co. (The) 14,527 700,928 Coca-Cola Enterprises, Inc. 1,235 25,219 Molson Coors Brewing Co. Class B 264 20,180 Pepsi Bottling Group, Inc. 748 23,121 PepsiAmericas, Inc. 638 13,385 PepsiCo, Inc. 7,424 464,371 ----------- Total Beverages 1,486,531 ----------- Building Materials--0.3% American Standard Cos., Inc. 748 34,296 Eagle Materials, Inc. 330 14,266 Florida Rock Industries, Inc. 286 12,312 Martin Marietta Materials, Inc. 154 16,002 Masco Corp. 2,849 85,100 ----------- Total Building Materials 161,976 ----------- Chemicals--2.2% Air Products & Chemicals, Inc. 993 69,788 Airgas, Inc. 374 15,154 Albemarle Corp. 308 22,114 Ashland Inc. 247 17,087 Cabot Corp. 418 18,212 Celanese Corp. Series A 726 18,789 Chemtura Corp. 1,521 14,647 Cytec Industries, Inc. 242 13,675 Dow Chemical Co. (The) 8,398 335,417 E.I. du Pont de Nemours & Co. 6,792 330,838 Eastman Chemical Co. 616 36,535 Ecolab, Inc. 594 26,849 FMC Corp. 220 16,841 International Flavors & Fragrances, Inc. 418 20,549 Lubrizol Corp. 352 17,646 Lyondell Chemical Co. 2,479 63,388 Monsanto Co. 1,103 57,941 PPG Industries, Inc. 1,081 69,411 Praxair, Inc. 1,301 77,188 Rohm & Haas Co. 1,147 58,635 RPM International, Inc. 924 19,302 Sherwin-Williams Co. (The) 594 37,767 Sigma-Aldrich Corp. 202 15,699 Valhi, Inc. 572 14,861 Valspar Corp. (The) 506 13,986 Westlake Chemical Corp. 460 14,435 ----------- Total Chemicals 1,416,754 ----------- See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Coal--0.1% Arch Coal, Inc. 330 $ 9,910 Consol Energy, Inc. 352 11,310 Peabody Energy Corp. 493 19,922 ----------- Total Coal 41,142 ----------- Commercial Services--0.5% Adesa, Inc. 585 16,234 Advance America, Cash Advance Centers, Inc. 924 13,537 Aramark Corp. Class B 418 13,982 Deluxe Corp. 682 17,186 Equifax, Inc. 396 16,078 H&R Block, Inc. 1,675 38,592 Manpower, Inc. 220 16,485 McKesson Corp. 308 15,616 Moody's Corp. 264 18,232 Pharmaceutical Product Development, Inc. 374 12,050 R.R. Donnelley & Sons Co. 1,521 54,055 Robert Half International, Inc. 352 13,066 Service Corp. International 1,719 17,620 ServiceMaster Co. (The) 2,159 28,304 Weight Watchers International, Inc. 330 17,335 ----------- Total Commercial Services 308,372 ----------- Computers--1.1% Diebold, Inc. 330 15,378 Electronic Data Systems Corp. 836 23,032 Factset Research Systems, Inc. 233 13,160 Hewlett-Packard Co. 5,155 212,334 International Business Machines Corp. 4,636 450,387 ----------- Total Computers 714,291 ----------- Cosmetics/Personal Care--1.9% Alberto-Culver Co. 898 19,262 Avon Products, Inc. 2,226 73,547 Colgate-Palmolive Co. 2,567 167,471 Procter & Gamble Co. 14,558 935,643 ----------- Total Cosmetics/Personal Care 1,195,923 ----------- Distribution/Wholesale--0.2% CDW Corp. 242 17,017 Fastenal Co. 352 12,630 Genuine Parts Co. 1,169 55,446 Pool Corp. 330 12,926 W.W. Grainger, Inc. 242 16,925 ----------- Total Distribution/Wholesale 114,944 ----------- Diversified Financial Services--9.7% Advanta Corp. Class B 374 16,318 AG Edwards, Inc. 418 26,455 American Express Co. 2,849 172,849 Ameriprise Financial, Inc. 528 28,776 Bear, Stearns & Co., Inc. (The) 220 35,812 BlackRock, Inc. Class A 343 52,102 Charles Schwab Corp. (The) 3,160 61,114 Chicago Mercantile Exchange Holdings, Inc. 44 22,429 CIT Group, Inc. 660 36,808 Citigroup, Inc. 45,305 2,523,489 Countrywide Financial Corp. 2,182 92,626 Eaton Vance Corp. 528 17,429 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Fannie Mae 4,058 $ 241,005 Federated Investors Inc. Class B 515 17,397 First Marblehead Corp. (The) 462 25,248 Franklin Resources, Inc. 286 31,509 Freddie Mac 4,705 319,470 Friedman, Billings, Ramsey Group, Inc. Class A 3,029 24,232 GAMCO Investors, Inc. Class A 374 14,384 Goldman Sachs Group, Inc. 759 151,307 IndyMac Bancorp, Inc. 616 27,819 International Securities Exchange, Inc. 374 17,499 Janus Capital Group, Inc. 1,178 25,433 Jefferies Group, Inc. 506 13,571 JPMorgan Chase & Co. 23,788 1,148,960 Legg Mason, Inc. 289 27,469 Lehman Brothers Holdings, Inc. 770 60,152 Merrill Lynch & Co., Inc. 2,307 214,782 Morgan Stanley 3,556 289,565 Municipal Mortgage & Equity LLC 616 19,835 National Financial Partners Corp. 308 13,543 Nuveen Investments, Inc. Class A 330 17,120 optionsXpress Holdings, Inc. 484 10,982 Raymond James Financial, Inc. 484 14,670 SLM Corp. 2,043 99,637 Student Loan Corp. (The) 88 18,242 T. Rowe Price Group, Inc. 836 36,592 Thornburg Mortgage, Inc. 2,846 71,520 Waddell & Reed Financial, Inc. Class A 638 17,456 ----------- Total Diversified Financial Services 6,055,606 ----------- Electric--5.9% Alliant Energy Corp. 924 34,899 Ameren Corp. 2,314 124,331 American Electric Power Co., Inc. 3,800 161,804 Avista Corp. 616 15,591 Black Hills Corp. 396 14,628 CenterPoint Energy, Inc. 3,447 57,151 Consolidated Edison, Inc. 2,875 138,201 Constellation Energy Group, Inc. 1,081 74,448 Dominion Resources, Inc. 2,840 238,106 DPL, Inc. 1,037 28,808 DTE Energy Co. 2,027 98,127 Duke Energy Corp. 11,797 391,779 Duquesne Light Holdings, Inc. 1,037 20,584 Edison International 1,895 86,185 Energy East Corp. 1,565 38,812 Entergy Corp. 1,107 102,198 Exelon Corp. 4,115 254,677 FirstEnergy Corp. 2,214 133,504 FPL Group, Inc. 2,671 145,356 Great Plains Energy, Inc. 971 30,878 Hawaiian Electric Industries, Inc. 814 22,100 IDACORP, Inc. 388 14,996 ITC Holdings Corp. 395 15,761 MDU Resources Group, Inc. 897 22,999 Northeast Utilities 1,213 34,158 NSTAR 993 34,119 OGE Energy Corp. 902 36,080 Ormat Technologies, Inc. 396 14,581 Pepco Holdings, Inc. 1,855 48,249 PG&E Corp. 2,589 122,537 Pinnacle West Capital Corp. 1,103 55,911 PPL Corp. 2,676 95,908 Progress Energy, Inc. 3,073 150,823 Public Service Enterprise Group, Inc. 1,983 131,632 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Puget Energy, Inc. 1,191 $ 30,204 SCANA Corp. 1,081 43,910 Southern Co. 7,471 275,381 TECO Energy, Inc. 2,159 37,200 TXU Corp. 3,177 172,225 UIL Holdings Corp. 362 15,273 Westar Energy, Inc. 902 23,416 Wisconsin Energy Corp. 594 28,191 WPS Resources Corp. 396 21,396 Xcel Energy, Inc. 4,243 97,844 ----------- Total Electric 3,734,961 ----------- Electrical Components & Equipment--0.4% American Power Conversion Corp. 748 22,881 Ametek, Inc. 493 15,697 Emerson Electric Co. 4,574 201,669 Hubbell, Inc. Class B 286 12,930 Molex, Inc. 396 12,525 ----------- Total Electrical Components & Equipment 265,702 ----------- Electronics--0.1% Amphenol Corp. Class A 264 16,389 Applera Corp. 462 16,950 Gentex Corp. 971 15,109 Jabil Circuit, Inc. 581 14,264 ----------- Total Electronics 62,712 ----------- Engineering & Construction--0.0% Fluor Corp. 182 14,860 ----------- Entertainment--0.2% International Game Technology 1,037 47,909 International Speedway Corp. Class A 286 14,597 Regal Entertainment Group Class A 902 19,231 Warner Music Group Corp. 770 17,672 ----------- Total Entertainment 99,409 ----------- Environmental Control--0.2% Republic Services, Inc. 396 16,105 Waste Management, Inc. 3,007 110,568 ----------- Total Environmental Control 126,673 ----------- Food--1.9% Campbell Soup Co. 2,005 77,974 ConAgra Foods, Inc. 3,866 104,382 Corn Products International, Inc. 550 18,997 Del Monte Foods Co. 1,191 13,137 Flowers Foods, Inc. 462 12,469 General Mills, Inc. 2,115 121,825 H.J. Heinz Co. Ltd. 2,336 105,143 Hershey Co. (The) 726 36,155 Hormel Foods Corp. 506 18,894 J.M. Smucker Co. (The) 352 17,061 Kellogg Co. 2,248 112,535 Kraft Foods, Inc. Class A 3,271 116,775 Kroger Co. (The) 2,049 47,270 McCormick & Co., Inc. 550 21,208 Pilgrim's Pride Corp. 528 15,539 Safeway, Inc. 792 27,372 Sara Lee Corp. 4,179 71,168 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- SUPERVALU, INC. 1,059 $ 37,859 SYSCO Corp. 2,897 106,494 Tootsie Roll Industries, Inc. 479 15,663 Whole Foods Market, Inc. 497 23,324 Wm. Wrigley Jr. Co. 1,037 53,634 ----------- Total Food 1,174,878 ----------- Forest Products & Paper--0.6% International Paper Co. 3,139 107,040 Louisiana-Pacific Corp. 616 13,262 MeadWestvaco Corp. 1,345 40,431 Plum Creek Timber Co., Inc. 1,763 70,256 Temple-Inland, Inc. 550 25,317 Weyerhaeuser Co. 2,077 146,739 ----------- Total Forest Products & Paper 403,045 ----------- Gas--0.6% AGL Resources Inc. 704 27,393 Atmos Energy Corp. 836 26,677 KeySpan Corp. 1,763 72,600 New Jersey Resources Corp. 308 14,963 Nicor Inc. 462 21,622 NiSource, Inc. 2,743 66,106 Peoples Energy Corp. 506 22,552 Piedmont Natural Gas Co. Inc. 660 17,655 Sempra Energy 1,499 84,003 South Jersey Industries, Inc. 470 15,703 UGI Corp. 726 19,805 Vectren Corp. 770 21,776 ----------- Total Gas 410,855 ----------- Hand/Machine Tools--0.1% Black & Decker Corp. (The) 286 22,871 Kennametal, Inc. 242 14,242 Lincoln Electric Holdings, Inc. 242 14,622 Snap-On, Inc. 352 16,769 Stanley Works (The) 418 21,021 ----------- Total Hand/Machine Tools 89,525 ----------- Healthcare-Products--2.2% Baxter International, Inc. 2,137 99,135 Beckman Coulter, Inc. 262 15,668 Becton Dickinson & Co. 748 52,472 Biomet, Inc. 396 16,343 C.R. Bard, Inc. 198 16,428 DENTSPLY International, Inc. 440 13,134 Hillenbrand Industries, Inc. 155 8,824 Johnson & Johnson 15,411 1,017,434 Medtronic, Inc. 2,260 120,933 Stryker Corp. 308 16,974 ----------- Total Healthcare-Products 1,377,345 ----------- See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Healthcare-Services--0.2% Aetna, Inc. 330 $ 14,249 Brookdale Senior Living, Inc. 876 42,048 Health Management Associates Inc. Class A 660 13,933 Manor Care, Inc. 286 13,419 Quest Diagnostics, Inc. 348 18,444 UnitedHealth Group, Inc. 326 17,516 ----------- Total Healthcare-Services 119,609 ----------- Holding Companies-Diversified--0.0% Leucadia National Corp. 746 21,037 ----------- Home Builders--0.3% Beazer Homes USA, Inc. 308 14,479 Centex Corp. 308 17,331 D.R. Horton, Inc. 1,628 43,126 KB Home 308 15,794 Lennar Corp. Class A 492 25,810 MDC Holdings, Inc. 264 15,061 Pulte Homes, Inc. 500 16,560 Ryland Group, Inc. (The) 330 18,025 Standard-Pacific Corp. 550 14,735 Thor Industries, Inc. 308 13,549 ----------- Total Home Builders 194,470 ----------- Home Furnishings--0.0% Whirlpool Corp. 308 25,570 ----------- Household Products/Wares--0.6% Avery Dennison Corp. 638 43,339 Church & Dwight Co., Inc. 374 15,951 Clorox Co. (The) 638 40,928 Fortune Brands, Inc. 690 58,919 Kimberly-Clark Corp. 3,099 210,577 ----------- Total Household Products/Wares 369,714 ----------- Housewares--0.1% Newell Rubbermaid, Inc. 2,027 58,682 Toro Co. (The) 286 13,336 ----------- Total Housewares 72,018 ----------- Insurance--4.1% 21st Century Insurance Group 946 16,697 Alfa Corp. 858 16,139 Allstate Corp. (The) 3,265 212,585 AMBAC Financial Group, Inc. 277 24,672 American Family Life Assurance Co., Inc. 1,975 90,850 American Financial Group, Inc. 519 18,637 American International Group, Inc. 5,677 406,815 American National Insurance Co. 154 17,573 AON Corp. 1,015 35,870 Arthur J. Gallagher & Co. 902 26,654 Assurant, Inc. 286 15,802 Brown & Brown, Inc. 732 20,650 Chubb Corp. (The) 1,917 101,428 Cincinnati Financial Corp. 1,213 54,961 Commerce Group, Inc. 484 14,399 Delphi Financial Group, Inc. Class A 396 16,022 Erie Indemnity Co. Class A 352 20,409 Fidelity National Title Group, Inc. Class A 2,721 64,977 First American Corp. 407 16,557 See Notes to Schedule of Investments. 8 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Genworth Financial, Inc. Class A 1,135 $ 38,828 Hartford Financial Services Group, Inc. (The) 1,693 157,974 HCC Insurance Holdings, Inc. 473 15,179 Hilb Rogal & Hobbs Co. 352 14,826 LandAmerica Financial Group, Inc. 220 13,884 Lincoln National Corp. 1,586 105,310 Loews Corp. 726 30,107 Marsh & McLennan Cos., Inc. 2,809 86,124 MBIA, Inc. 594 43,398 Mercury General Corp. 418 22,041 Metlife, Inc. 1,807 106,631 MGIC Investment Corp. 286 17,886 Nationwide Financial Services, Inc. Class A 308 16,694 Odyssey Re Holdings Corp. 550 20,515 Ohio Casualty Corp. 462 13,772 Old Republic International Corp. 1,301 30,287 Phoenix Cos., Inc. (The) 993 15,779 PMI Group, Inc. (The) 332 15,660 Principal Financial Group, Inc. 814 47,782 Progressive Corp. (The) 847 20,514 Protective Life Corp. 308 14,630 Prudential Financial, Inc. 1,240 106,466 Radian Group, Inc. 355 19,138 Reinsurance Group of America, Inc. 286 15,930 RLI Corp. 286 16,136 Safeco Corp. 528 33,026 Selective Insurance Group, Inc. 242 13,864 St. Paul Travelers Cos., Inc. (The) 3,359 180,346 Stancorp Financial Group, Inc. 286 12,884 State Auto Financial Corp. 396 13,753 Torchmark Corp. 267 17,024 Transatlantic Holdings, Inc. 282 17,512 Unitrin, Inc. 572 28,663 UnumProvident Corp. 946 19,658 W.R. Berkley Corp. 654 22,570 Wesco Financial Corp. 44 20,240 Zenith National Insurance Corp. 352 16,512 ----------- Total Insurance 2,593,240 ----------- Investment Companies--0.5% Allied Capital Corp. 2,784 90,981 American Capital Strategies Ltd. 2,567 118,749 Apollo Investment Corp. 1,763 39,491 Ares Capital Corp. 929 17,753 MCG Capital Corp. 1,411 28,672 ----------- Total Investment Companies 295,646 ----------- Iron/Steel--0.2% Allegheny Technologies, Inc. 175 15,869 Carpenter Technology Corp. 132 13,533 Nucor Corp. 528 28,860 Reliance Steel & Aluminum Co. 352 13,862 Steel Dynamics, Inc. 528 17,134 United States Steel Corp. 366 26,769 ----------- Total Iron/Steel 116,027 ----------- See Notes to Schedule of Investments. 9 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Leisure Time--0.2% Brunswick Corp. 396 $ 12,632 Harley-Davidson, Inc. 814 57,362 Polaris Industries, Inc. (a) 308 14,424 Sabre Holdings Corp. Class A 638 20,346 ----------- Total Leisure Time 104,764 ----------- Lodging--0.3% Boyd Gaming Corp. 330 14,952 Choice Hotels International, Inc. 264 11,114 Harrah's Entertainment, Inc. 866 71,636 Hilton Hotels Corp. 528 18,427 Marriott International Inc. Class A 528 25,196 Starwood Hotels & Resorts Worldwide, Inc. 696 43,500 Station Casinos, Inc. 198 16,171 ----------- Total Lodging 200,996 ----------- Machinery-Construction & Mining--0.3% Caterpillar, Inc. 2,882 176,753 Joy Global, Inc. 286 13,825 ----------- Total Machinery-Construction & Mining 190,578 ----------- Machinery-Diversified--0.3% Cummins, Inc. 132 15,600 Deere & Co. 1,015 96,497 Graco, Inc. 308 12,203 IDEX Corp. 308 14,602 Manitowoc Co., Inc. (The) 352 20,919 Rockwell Automation, Inc. 717 43,794 ----------- Total Machinery-Diversified 203,615 ----------- Media--1.6% Belo Corp. Class A 814 14,953 CBS Corp. Class A 528 16,484 CBS Corp. Class B 4,525 141,090 Citadel Broadcasting Corp. 1,609 16,026 Clear Channel Communications, Inc. 2,500 88,850 Dow Jones & Co., Inc. 418 15,884 E.W. Scripps Co. (The) Class A 462 23,072 Gannett Co., Inc. 1,015 61,367 John Wiley & Sons, Inc. Class A 396 15,234 McClatchy Co. Class A 485 21,001 McGraw-Hill Cos., Inc. (The) 1,015 69,040 Meredith Corp. 286 16,116 New York Times Co. (The) Class A 814 19,829 News Corp. Class A 3,491 74,987 News Corp. Class B 1,301 28,960 Time Warner, Inc. 10,174 221,589 Tribune Co. 1,300 40,014 Walt Disney Co. (The) 4,481 153,564 ----------- Total Media 1,038,060 ----------- Metal Fabricate/Hardware--0.1% Commercial Metals Co. 616 15,893 Precision Castparts Corp. 264 20,666 Timken Co. (The) 484 14,123 ----------- Total Metal Fabricate/Hardware 50,682 ----------- See Notes to Schedule of Investments. 10 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Mining--1.0% Alcoa, Inc. 3,800 $ 114,038 Freeport-McMoRan Copper & Gold Inc. Class B 858 47,816 Newmont Mining Corp. 776 35,036 Phelps Dodge Corp. 418 50,043 Southern Copper Corp. 6,899 371,788 Vulcan Materials Co. 374 33,611 ----------- Total Mining 652,332 ----------- Miscellaneous Manufacturing--5.6% 3M Co. 4,066 316,863 Acuity Brands, Inc. 296 15,404 Brink's Co. (The) 264 16,875 Carlisle Cos., Inc. 176 13,816 Crane Co. 352 12,897 Danaher Corp. 233 16,879 Donaldson Co., Inc. 440 15,272 Dover Corp. 616 30,196 Eastman Kodak Co. 1,103 28,457 Eaton Corp. 616 46,286 General Electric Co. 68,139 2,535,452 Harsco Corp. 176 13,394 Honeywell International, Inc. 3,912 176,979 Illinois Tool Works, Inc. 2,393 110,533 ITT Industries, Inc. 308 17,501 Lancaster Colony Corp. 361 15,996 Leggett & Platt, Inc. 1,059 25,310 Pall Corp. 484 16,722 Parker Hannifin Corp. 308 23,679 Pentair, Inc. 418 13,125 Roper Industries, Inc. 308 15,474 SPX Corp. 264 16,146 Teleflex, Inc. 242 15,624 Textron, Inc. 462 43,322 Trinity Industries, Inc. 396 13,939 ----------- Total Miscellaneous Manufacturing 3,566,141 ----------- Office Furnishings--0.0% HNI Corp. 286 12,701 Steelcase Inc. Class A 792 14,383 ----------- Total Office Furnishings 27,084 ----------- Office/Business Equipment--0.1% Pitney Bowes, Inc. 1,499 69,239 ----------- Oil & Gas--6.5% Anadarko Petroleum Corp. 726 31,596 Apache Corp. 673 44,761 Chesapeake Energy Corp. 528 15,338 Chevron Corp. 14,647 1,076,994 ConocoPhillips 8,184 588,839 Devon Energy Corp. 704 47,224 Diamond Offshore Drilling, Inc. 198 15,828 ENSCO International, Inc. 308 15,418 EOG Resources, Inc. 352 21,982 Exxon Mobil Corp. 22,623 1,733,601 Frontier Oil Corp. 463 13,307 Hess Corp. 506 25,082 Marathon Oil Corp. 1,411 130,518 Murphy Oil Corp. 374 19,018 Noble Energy, Inc. 330 16,193 Occidental Petroleum Corp. 3,426 167,292 See Notes to Schedule of Investments. 11 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Patterson-UTI Energy, Inc. 506 $ 11,754 Pioneer Natural Resources Co. 352 13,971 Range Resources Corp. 515 14,142 Rowan Cos., Inc. 463 15,372 Sunoco, Inc. 374 23,323 Tesoro Corp. 220 14,469 Valero Energy Corp. 783 40,058 XTO Energy, Inc. 572 26,913 ----------- Total Oil & Gas 4,122,993 ----------- Oil & Gas Services--0.2% Baker Hughes, Inc. 572 42,706 BJ Services Co. 459 13,458 Halliburton Co. 1,912 59,367 Smith International, Inc. 395 16,223 ----------- Total Oil & Gas Services 131,754 ----------- Packaging & Containers--0.2% Ball Corp. 374 16,306 Bemis Co. 550 18,689 Greif, Inc. Class A 155 18,352 Packaging Corp. of America 1,015 22,432 Sealed Air Corp. 264 17,139 Sonoco Products Co. 594 22,607 ----------- Total Packaging & Containers 115,525 ----------- Pharmaceuticals--6.7% Abbott Laboratories 9,024 439,559 Allergan, Inc. 132 15,806 AmerisourceBergen Corp. 330 14,837 Bristol-Myers Squibb Co. 20,650 543,508 Cardinal Health, Inc. 519 33,439 Caremark Rx, Inc. 811 46,316 Eli Lilly & Co. 7,925 412,893 Merck & Co., Inc. 17,319 755,108 Mylan Laboratories, Inc. 660 13,174 Omnicare, Inc. 308 11,898 Pfizer, Inc. 58,728 1,521,055 Schering-Plough Corp. 3,800 89,832 Wyeth 6,706 341,470 ----------- Total Pharmaceuticals 4,238,895 ----------- Pipelines--0.5% El Paso Corp. 1,939 29,628 Equitable Resources, Inc. 594 24,800 Kinder Morgan, Inc. 1,103 116,642 National Fuel Gas Co. 660 25,436 ONEOK, Inc. 880 37,946 Questar Corp. 242 20,098 Williams Cos., Inc. (The) 1,851 48,348 ----------- Total Pipelines 302,898 ----------- Real Estate--0.1% Forest City Enterprises, Inc. Class A 308 17,986 Forest City Enterprises, Inc. Class B 308 17,969 Jones Lang LaSalle, Inc. 176 16,222 St. Joe Co. (The) 308 16,500 ----------- Total Real Estate 68,677 ----------- See Notes to Schedule of Investments. 12 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- REITS--4.9% Alexandria Real Estate Equities, Inc. 154 $ 15,462 AMB Property Corp. 638 37,393 American Financial Realty Trust 2,655 30,373 Apartment Investment & Management Co. Class A 1,081 60,558 Archstone-Smith Trust 1,675 97,502 AvalonBay Communities, Inc. 462 60,083 BioMed Realty Trust, Inc. 484 13,842 Boston Properties, Inc. 726 81,225 Brandywine Realty Trust 1,059 35,212 BRE Properties, Inc. Class A 418 27,178 Camden Property Trust 418 30,869 CBL & Associates Properties, Inc. 594 25,750 Colonial Properties Trust 528 24,753 Corporate Office Properties Trust 330 16,655 Cousins Properties, Inc. 484 17,071 Crescent Real Estate Equities Co. 1,609 31,778 Developers Diversified Realty Corp. 1,037 65,279 DiamondRock Hospitality Co. 902 16,245 Duke Realty Corp. 1,477 60,409 EastGroup Properties, Inc. 308 16,496 Entertainment Properties Trust 374 21,857 Equity Lifestyle Properties, Inc. 308 16,764 Equity Office Properties Trust 2,301 110,839 Equity One, Inc. 814 21,701 Equity Residential 2,435 123,576 Essex Property Trust, Inc. 154 19,905 Federal Realty Investment Trust 352 29,920 FelCor Lodging Trust, Inc. 660 14,414 First Industrial Realty Trust, Inc. 638 29,916 Franklin Street Properties Corp. 770 16,209 General Growth Properties, Inc. 1,763 92,081 Glimcher Realty Trust 550 14,691 Global Signal, Inc. 638 33,603 Health Care Property Investors, Inc. 2,155 79,347 Health Care REIT, Inc. 836 35,965 Healthcare Realty Trust, Inc. 726 28,706 Highwoods Properties, Inc. 594 24,211 Home Properties, Inc. 352 20,863 Hospitality Properties Trust 1,059 50,334 Host Hotels & Resorts, Inc. 3,851 94,542 HRPT Properties Trust 3,315 40,940 Inland Real Estate Corp. 493 9,229 iStar Financial, Inc. 2,005 95,879 Kilroy Realty Corp. 198 15,444 Kimco Realty Corp. 1,704 76,595 LaSalle Hotel Properties 330 15,131 Lexington Corporate Properties Trust 814 18,250 Liberty Property Trust 1,015 49,877 Longview Fibre Co. 699 15,343 Macerich Co. (The) 572 49,518 Mack-Cali Realty Corp. 704 35,904 Maguire Properties, Inc. 440 17,600 Mid-America Apartment Communities, Inc. 242 13,852 National Retail Properties, Inc. 704 16,157 Nationwide Health Properties, Inc. 1,059 32,003 New Plan Excel Realty Trust, Inc. 1,103 30,310 Pennsylvania Real Estate Investment Trust 418 16,461 Post Properties, Inc. 374 17,092 Potlatch Corp. 396 17,353 ProLogis 1,631 99,116 PS Business Parks, Inc. 242 17,112 Public Storage, Inc. 977 95,258 Rayonier, Inc. 682 27,996 Realty Income Corp. 1,125 31,163 See Notes to Schedule of Investments. 13 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Reckson Associates Realty Corp. 682 $ 31,099 Regency Centers Corp. 528 41,274 Senior Housing Properties Trust 1,103 27,001 Simon Property Group, Inc. 1,530 154,973 SL Green Realty Corp. 220 29,212 Spirit Finance Corp. 1,235 15,400 Strategic Hotels & Resorts, Inc. 682 14,861 Sunstone Hotel Investors, Inc. 528 14,113 Taubman Centers, Inc. 352 17,903 Trustreet Properties Inc. 1,301 21,922 United Dominion Realty Trust, Inc. 1,301 41,359 U-Store-It Trust 408 8,384 Ventas, Inc. 1,081 45,748 Vornado Realty Trust 919 111,659 Washington Real Estate Investment Trust 418 16,720 Weingarten Realty Investors 902 41,591 ----------- Total REITS 3,130,379 ----------- Retail--4.0% Abercrombie & Fitch Co. Class A 242 16,850 Advance Auto Parts, Inc. 374 13,299 American Eagle Outfitters, Inc. 660 20,599 Barnes & Noble, Inc. 374 14,852 bebe stores, Inc. 702 13,893 Best Buy Co., Inc. 849 41,762 Brinker International, Inc. 562 16,950 Circuit City Stores, Inc. 625 11,863 Claire's Stores, Inc. 528 17,498 Costco Wholesale Corp. 1,113 58,844 CVS Corp. 924 28,561 Darden Restaurants, Inc. 396 15,907 Dillard's, Inc. Class A 484 16,925 Dollar General Corp. 924 14,839 Domino's Pizza, Inc. 558 15,624 Family Dollar Stores, Inc. 572 16,777 Federated Department Stores, Inc. 1,697 64,707 Foot Locker, Inc. 572 12,544 Gap, Inc. (The) 3,227 62,927 Home Depot, Inc. (The) 11,411 458,265 JC Penney Co., Inc. 594 45,952 Limited Brands, Inc. 2,137 61,845 Longs Drug Stores Corp. 308 13,053 Lowe's Cos., Inc. 2,323 72,361 McDonald's Corp. 6,919 306,719 Men's Wearhouse, Inc. (The) 418 15,993 MSC Industrial Direct Co. Class A 308 12,058 Nordstrom, Inc. 616 30,393 OfficeMax, Inc. 330 16,385 OSI Restaurant Partners, Inc. 374 14,661 PetSmart, Inc. 506 14,603 RadioShack Corp. 924 15,505 Regis Corp. 408 16,132 Ross Stores, Inc. 506 14,826 Staples, Inc. 1,389 37,086 Target Corp. 1,614 92,079 Tiffany & Co. 669 26,252 See Notes to Schedule of Investments. 14 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- TJX Cos., Inc. (The) 971 $ 27,693 United Auto Group, Inc. 660 15,556 Walgreen Co. 1,830 83,979 Wal-Mart Stores, Inc. 14,147 653,307 Wendy's International, Inc. 264 8,736 Yum! Brands, Inc. 572 33,634 ----------- Total Retail 2,562,294 ----------- Savings & Loans--1.4% Astoria Financial Corp. 704 21,233 BankUnited Financial Corp. Class A 440 12,302 Capitol Federal Financial 1,015 38,996 Downey Financial Corp. 198 14,371 First Niagara Financial Group, Inc. 971 14,429 Flagstar Bancorp, Inc. 858 12,733 Hudson City Bancorp, Inc. 2,919 40,516 Kearny Financial Corp. 971 15,594 MAF Bancorp, Inc. 330 14,748 New York Community Bancorp, Inc. 4,217 67,894 NewAlliance Bancshares, Inc. 971 15,924 Northwest Bancorp, Inc. 550 15,103 People's Bank 836 37,302 Provident Financial Services, Inc. 748 13,561 Sovereign Bancorp, Inc. 1,279 32,474 Washington Federal, Inc. 638 15,012 Washington Mutual, Inc. 10,675 485,606 ----------- Total Savings & Loans 867,798 ----------- Semiconductors--1.5% Analog Devices, Inc. 1,367 44,933 Applied Materials, Inc. 4,022 74,206 Intel Corp. 28,335 573,784 Intersil Corp. Class A 594 14,208 KLA -Tencor Corp. 440 21,890 Linear Technology Corp. 1,178 35,717 Maxim Integrated Products, Inc. 1,527 46,757 Microchip Technology, Inc. 1,434 46,892 National Semiconductor Corp. 651 14,778 Texas Instruments, Inc. 1,901 54,749 Xilinx, Inc. 836 19,905 ----------- Total Semiconductors 947,819 ----------- Software--2.1% Automatic Data Processing, Inc. 2,419 119,136 CA, Inc. 748 16,942 Fair Isaac Corp. 376 15,284 Fidelity National Information Services, Inc. 343 13,751 First Data Corp. 1,672 42,669 Global Payments, Inc. 308 14,260 IMS Health, Inc. 506 13,905 Mastercard, Inc. Class A 115 11,326 Microsoft Corp. 31,269 933,693 MoneyGram International, Inc. 396 12,419 Paychex, Inc. 1,879 74,296 SEI Investments Co. 308 18,344 Total System Services, Inc. 748 19,740 ----------- Total Software 1,305,765 ----------- See Notes to Schedule of Investments. 15 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Telecommunications--5.8% ALLTEL Corp. 775 $ 46,872 AT&T, Inc. 35,116 1,255,397 BellSouth Corp. 9,500 447,545 Citizens Communications Co. 5,476 78,690 Commonwealth Telephone Enterprises, Inc. 418 17,497 Consolidated Communications Holdings, Inc. 66 1,379 Embarq Corp. 1,392 73,164 FairPoint Communications, Inc. 909 17,226 Harris Corp. 352 16,143 Iowa Telecommunications Services, Inc. 770 15,177 Motorola, Inc. 5,027 103,355 Qualcomm, Inc. 5,047 190,726 Sprint Nextel Corp. 3,361 63,489 Telephone & Data Systems, Inc. 352 19,124 Telephone & Data Systems, Inc. Special Shares 352 17,459 USA Mobility, Inc. 696 15,570 Verizon Communications, Inc. 31,370 1,168,219 Windstream Corp. 8,004 113,817 ----------- Total Telecommunications 3,660,849 ----------- Textiles--0.0% Cintas Corp. 532 21,126 ----------- Toys/Games/Hobbies--0.1% Hasbro, Inc. 880 23,980 Mattel, Inc. 2,358 53,432 ----------- Total Toys/Games/Hobbies 77,412 ----------- Transportation--1.0% Burlington Northern Santa Fe Corp. 1,140 84,143 C.H. Robinson Worldwide, Inc. 629 25,720 Con-way Inc. 242 10,658 CSX Corp. 1,184 40,765 Expeditors International Washington, Inc. 497 20,129 FedEx Corp. 198 21,507 JB Hunt Transport Services, Inc. 572 11,880 Laidlaw International, Inc. 550 16,737 Landstar System, Inc. 308 11,759 Norfolk Southern Corp. 1,355 68,143 Ryder System, Inc. 242 12,357 Union Pacific Corp. 866 79,689 United Parcel Service Inc. Class B 2,976 223,140 ----------- Total Transportation 626,627 ----------- Trucking & Leasing--0.0% GATX Corp. 340 14,732 ----------- TOTAL COMMON STOCKS (Cost: $58,785,979) 63,141,872 ----------- SHORT-TERM INVESTMENT--0.9% MONEY MARKET FUND--0.9% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $575,165) 575,165 575,165 ----------- 16 Schedule of Investments (unaudited) (continued) WisdomTree Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--0.0% MONEY MARKET FUNDS (c)--0.0% UBS Enhanced Yield Portfolio, 5.23% 4,372 $ 4,372 UBS Private Money Market Fund LLC, 5.21% 5,228 5,228 ----------- TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $9,600) (d) 9,600 ----------- TOTAL INVESTMENTS IN SECURITIES--100.5% (Cost: $59,370,744) (e) 63,726,637 Liabilities in Excess of Other Assets --(0.5)% (340,723) ----------- NET ASSETS--100.0% $63,385,914 =========== (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $9,320 and the total market value of the collateral held by the Fund was $9,600. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 17 WisdomTree Total Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 33.3% Consumer Non-Cyclical 19.6% Industrial 10.2% Communications 7.5% Energy 7.3% Utilities 6.5% Consumer Cyclical 6.3% Technology 4.8% Basic Materials 4.1% Diversified 0.0% # Short-Term Investment 0.9% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. # Amount represents less than 0.05%. Schedule of Investments (unaudited) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.7% Agriculture--5.9% Altria Group, Inc. 76,043 $ 6,526,011 Loews Corp. 2,809 181,798 Reynolds American, Inc. 12,261 802,728 Universal Corp. 940 46,069 UST, Inc. 5,821 338,782 Vector Group Ltd. (a) 4,312 76,538 ------------ Total Agriculture 7,971,926 ------------ Apparel--0.2% Cherokee, Inc. 423 18,151 VF Corp. 2,785 228,593 ------------ Total Apparel 246,744 ------------ Auto Manufacturers--0.4% General Motors Corp. (a) 17,186 527,954 ------------ Auto Parts & Equipment--0.1% American Axle & Manufacturing Holdings, Inc. 1,426 27,080 Bandag, Inc. Class A 282 14,089 Cooper Tire & Rubber Co. 1,426 20,392 Modine Manufacturing Co. 829 20,750 Standard Motor Products, Inc. 826 12,373 Superior Industries International, Inc. 705 13,585 ------------ Total Auto Parts & Equipment 108,269 ------------ Banks--20.3% Arrow Financial Corp. 368 9,115 Associated Banc-Corp 4,037 140,811 BancorpSouth, Inc. 1,990 53,372 Bank of America Corp. 165,908 8,857,827 Bank of Granite Corp. 399 7,569 Bank of Hawaii Corp. 1,400 75,530 BB&T Corp. 18,765 824,346 Cadence Financial Corp. 549 11,897 Chemical Financial Corp. 658 21,911 Chittenden Corp. 1,084 33,268 Citizens Banking Corp. 1,855 49,158 City Holding Co. 423 17,296 Colonial BancGroup, Inc. (The) 3,787 97,477 Comerica, Inc. 5,715 335,357 Community Bank System, Inc. 799 18,377 Community Banks, Inc. 564 15,657 Compass Bancshares, Inc. 3,148 187,778 Corus Bankshares, Inc. 2,217 51,146 Fifth Third Bancorp 20,110 823,102 First Bancorp 462 10,090 First Busey Corp. 517 11,917 First Charter Corp. 1,219 29,987 First Commonwealth Financial Corp. 3,500 47,005 First Community Bancshares, Inc. 282 11,156 First Financial Bancorp 1,191 19,783 First Financial Bankshares, Inc. 470 19,674 First Horizon National Corp. 4,993 208,608 First Indiana Corp. 476 12,071 First Merchants Corp. 517 14,058 First Midwest Bancorp, Inc. 1,493 57,749 FirstMerit Corp. 3,480 84,007 FNB Corp. 2,558 46,734 Fremont General Corp. 1,950 31,610 Fulton Financial Corp. 5,595 93,437 Harleysville National Corp. 750 14,483 Huntington Bancshares, Inc. 8,740 207,575 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Independent Bank Corp./MI 513 $ 12,974 KeyCorp 13,636 518,577 Lakeland Bancorp, Inc. 785 11,697 MainSource Financial Group, Inc. 516 8,733 MBT Financial Corp. 702 10,755 National City Corp. 23,110 844,902 National Penn Bancshares, Inc. 1,171 23,713 NBT Bancorp, Inc. 893 22,780 Old National Bancorp 2,690 50,896 Omega Financial Corp. 376 12,002 Pacific Capital Bancorp 1,130 37,945 Park National Corp. 470 46,530 Peoples Bancorp, Inc. 279 8,286 PNC Financial Services Group, Inc. (The) 8,120 601,205 Provident Bankshares Corp. 799 28,444 Regions Financial Corp. 24,730 924,902 Republic Bancorp, Inc. 2,178 29,316 Royal Bancshares of Pennsylvania Class A 468 12,307 S&T Bancorp, Inc. 658 22,813 Seacoast Banking Corp. of Florida 468 11,606 Sky Financial Group, Inc. 3,910 111,591 State Bancorp, Inc. 617 11,760 Sterling Bancorp 564 11,111 SunTrust Banks, Inc. 9,399 793,746 Susquehanna Bancshares, Inc. 1,800 48,384 TCF Financial Corp. 4,274 117,193 TD Banknorth, Inc. 5,450 175,926 Tompkins Trustco, Inc. 258 11,726 TrustCo Bank Corp. 4,200 46,704 Trustmark Corp. 1,403 45,892 U.S. Bancorp 61,260 2,216,999 UnionBanCal Corp. 4,072 249,410 United Bankshares, Inc. 940 36,331 Valley National Bancorp 3,222 85,415 Wachovia Corp. 73,839 4,205,132 Washington Trust Bancorp, Inc. 408 11,379 Wells Fargo & Co. 95,296 3,388,726 WesBanco, Inc. 564 18,911 West Bancorp, Inc. 549 9,761 Westamerica Bancorp. 749 37,922 Whitney Holding Corp. 1,959 63,903 Wilmington Trust Corp. 1,844 77,761 ------------ Total Banks 27,567,004 ------------ Beverages--2.0% Coca-Cola Co. (The) 55,120 2,659,540 ------------ Building Materials--0.2% LSI Industries, Inc. 423 8,397 Masco Corp. 10,738 320,744 ------------ Total Building Materials 329,141 ------------ Chemicals--2.5% Dow Chemical Co. (The) 31,805 1,270,291 E.I. du Pont de Nemours & Co. 25,764 1,254,963 Eastman Chemical Co. 2,225 131,965 Ferro Corp. 940 19,449 Kronos Worldwide, Inc. 1,285 41,840 Lyondell Chemical Co. 8,043 205,660 NL Industries, Inc. 1,802 18,633 Olin Corp. 3,097 51,162 PPG Industries, Inc. 4,384 281,497 Quaker Chemical Corp. 282 6,224 RPM International, Inc. 3,933 82,160 Sensient Technologies Corp. 1,261 31,021 Stepan Co. 222 7,031 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- UAP Holding Corp. 1,379 $ 34,723 ------------ Total Chemicals 3,436,619 ------------ Commercial Services--0.4% Advance America, Cash Advance Centers, Inc. 2,074 30,384 Coinmach Service Corp. Class A 2,085 24,812 Deluxe Corp. 1,857 46,796 Diamond Management & Technology Consultants, Inc. 973 12,104 Landauer, Inc. 366 19,204 Pre-Paid Legal Services, Inc. (a) 423 16,552 R.R. Donnelley & Sons Co. 5,819 206,807 ServiceMaster Co. (The) 9,449 123,876 Startek, Inc. 705 9,546 ------------ Total Commercial Services 490,081 ------------ Distribution/Wholesale--0.2% BlueLinx Holdings, Inc. 752 7,821 Genuine Parts Co. 4,267 202,384 ------------ Total Distribution/Wholesale 210,205 ------------ Diversified Financial Services--11.6% Citigroup, Inc. 172,487 9,607,525 Freddie Mac 17,221 1,169,306 IndyMac Bancorp, Inc. 2,738 123,648 JPMorgan Chase & Co. 90,538 4,372,985 Municipal Mortgage & Equity, LLC 2,225 71,645 Student Loan Corp. 448 92,870 Thornburg Mortgage, Inc. 10,850 272,661 ------------ Total Diversified Financial Services 15,710,640 ------------ Electric--8.7% ALLETE, Inc. 752 34,998 Alliant Energy Corp. 3,049 115,161 Ameren Corp. 8,591 461,594 American Electric Power Co., Inc. 13,201 562,099 Black Hills Corp. 1,034 38,196 CenterPoint Energy, Inc. 10,194 169,017 Central Vermont Public Service Corp. 384 9,043 CH Energy Group, Inc. 586 30,941 Cleco Corp. 1,614 40,721 Consolidated Edison, Inc. 10,915 524,684 Dominion Resources, Inc. 10,738 900,274 DPL, Inc. 3,750 104,175 DTE Energy Co. 6,912 334,610 Duke Energy Corp. 44,989 1,494,084 Duquesne Light Holdings, Inc. 3,797 75,370 Empire District Electric Co. (The) 1,240 30,616 Energy East Corp. 6,442 159,762 FirstEnergy Corp. 8,526 514,118 FPL Group, Inc. 10,119 550,676 Great Plains Energy, Inc. 3,922 124,720 Hawaiian Electric Industries, Inc. 3,401 92,337 IDACORP, Inc. 1,238 47,849 ITC Holdings Corp. 1,034 41,257 MGE Energy, Inc. 699 25,569 Northeast Utilities 3,660 103,066 NorthWestern Corp. 803 28,410 NSTAR 3,656 125,620 OGE Energy Corp. 2,809 112,360 Otter Tail Corp. 971 30,256 Pepco Holdings, Inc. 6,896 179,365 PG&E Corp. 8,901 421,284 Pinnacle West Capital Corp. 3,777 191,456 PNM Resources, Inc. 1,943 60,427 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Portland General Electric Co. 1,799 $ 49,023 PPL Corp. 10,257 367,611 Progress Energy, Inc. 11,423 560,641 Public Service Enterprise Group, Inc. 7,596 504,222 Puget Energy, Inc. 4,361 110,595 SCANA Corp. 4,217 171,295 Southern Co. 28,205 1,039,636 TECO Energy, Inc. 8,553 147,368 TXU Corp. 12,297 666,620 UIL Holdings Corp. 830 35,018 Westar Energy, Inc. 2,917 75,725 WPS Resources Corp. 1,693 91,473 Xcel Energy, Inc. 14,010 323,071 ------------ Total Electric 11,876,413 ------------ Electrical Components & Equipment--0.0% Hubbell, Inc. Class A 196 8,722 ------------ Entertainment--0.1% Regal Entertainment Group Class A 3,916 83,489 ------------ Environmental Control--0.0% American Ecology Corp. 423 7,830 Synagro Technologies, Inc. 7,218 31,903 ------------ Total Environmental Control 39,733 ------------ Food--0.9% ConAgra Foods, Inc. 12,678 342,306 H.J. Heinz Co. Ltd. 9,270 417,243 Kraft Foods, Inc. Class A 11,752 419,546 Lance, Inc. 658 13,213 Nash Finch Co. 430 11,739 Weis Markets, Inc. 689 27,636 ------------ Total Food 1,231,683 ------------ Forest Products & Paper--1.1% Bowater, Inc. 1,821 40,973 International Paper Co. 12,209 416,327 Louisiana-Pacific Corp. 2,633 56,688 MeadWestvaco Corp. 4,878 146,633 Plum Creek Timber Co., Inc. 6,752 269,067 Weyerhaeuser Co. 7,794 550,646 Xerium Technologies, Inc. 3,366 32,953 ------------ Total Forest Products & Paper 1,513,287 ------------ Gas--0.9% AGL Resources, Inc. 2,558 99,532 Atmos Energy Corp. 2,767 88,295 Cascade Natural Gas Corp. 319 8,268 KeySpan Corp. 7,119 293,161 Laclede Group, Inc. (The) 725 25,397 New Jersey Resources Corp. 705 34,249 Nicor, Inc. 1,428 66,830 NiSource, Inc. 9,045 217,985 Northwest Natural Gas Co. 846 35,904 Peoples Energy Corp. 1,587 70,733 Piedmont Natural Gas Co. Inc. 2,413 64,548 South Jersey Industries, Inc. 788 26,327 Vectren Corp. 2,840 80,315 WGL Holdings, Inc. 1,768 57,601 ------------ Total Gas 1,169,145 ------------ See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Healthcare-Services--0.1% Brookdale Senior Living, Inc. 3,151 $ 151,248 ------------ Home Furnishings--0.1% Bassett Furniture Industries, Inc. 376 6,144 Furniture Brands International, Inc. 1,593 25,854 Kimball International, Inc. Class B 846 20,558 La-Z-Boy, Inc. 1,858 22,054 ------------ Total Home Furnishings 74,610 ------------ Household Products/Wares--0.7% Ennis, Inc. 658 16,095 Kimberly-Clark Corp. 12,000 815,399 Standard Register Co. (The) 1,128 13,536 Tupperware Brands Corp. 2,037 46,057 WD-40 Co. 376 13,111 ------------ Total Household Products/Wares 904,198 ------------ Housewares--0.2% Newell Rubbermaid, Inc. 7,304 211,451 ------------ Insurance--0.8% American National Insurance Co. 629 71,775 Arthur J. Gallagher & Co. 3,700 109,335 Baldwin & Lyons, Inc. Class B 445 11,365 Cincinnati Financial Corp. 4,708 213,319 Commerce Group, Inc. 1,802 53,610 Fidelity National Title Group, Inc. Class A 10,294 245,821 Mercury General Corp. 1,746 92,067 Old Republic International Corp. 5,448 126,829 Unitrin, Inc. 2,037 102,074 Zenith National Insurance Corp. 999 46,863 ------------ Total Insurance 1,073,058 ------------ Internet--0.0% United Online, Inc. 3,175 42,164 ------------ Investment Companies--0.9% Allied Capital Corp. 10,609 346,701 American Capital Strategies Ltd. 9,954 460,471 Apollo Investment Corp. 5,844 130,906 Ares Capital Corp. 3,701 70,726 Gladstone Capital Corp. 658 15,700 Gladstone Investment Corp. 705 10,794 Hercules Technology Growth Capital, Inc. 1,267 18,055 MCG Capital Corp. 4,430 90,018 Medallion Financial Corp. 658 8,139 MVC Capital, Inc. 611 8,163 NGP Capital Resources Co. 658 11,022 Patriot Capital Funding, Inc. 1,208 17,504 Prospect Energy Corp. 983 16,839 Technology Investment Capital Corp. 1,285 20,740 ------------ Total Investment Companies 1,225,778 ------------ Leisure Time--0.0% Polaris Industries, Inc. 958 44,863 ------------ Machinery-Diversified--0.0% Briggs & Stratton Corp. 1,426 38,431 ------------ See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Media--0.7% Belo Corp. Class A 2,137 $ 39,257 CBS Corp. Class B 17,178 535,609 Citadel Broadcasting Corp. 7,685 76,543 Dow Jones & Co., Inc. 1,560 59,280 Entercom Communications Corp. 1,426 40,185 New York Times Co. (The) Class A (a) 3,684 89,742 Sinclair Broadcast Group, Inc. Class A 1,849 19,415 Sun-Times Media Group, Inc. Class A 2,132 10,468 World Wrestling Entertainment, Inc. 1,934 31,524 ------------ Total Media 902,023 ------------ Metal Fabricate/Hardware--0.0% Worthington Industries, Inc. 2,997 53,107 ------------ Mining--1.1% Compass Minerals International, Inc. 892 28,152 Southern Copper Corp. (a) 26,290 1,416,768 ------------ Total Mining 1,444,920 ------------ Miscellaneous Manufacturing--7.2% General Electric Co. 259,503 9,656,106 Koppers Holdings, Inc. 549 14,312 Leggett & Platt, Inc. 4,544 108,602 Reddy Ice Holdings, Inc. 1,191 30,752 Standex International Corp. 377 11,359 ------------ Total Miscellaneous Manufacturing 9,821,131 ------------ Office Furnishings--0.0% Steelcase, Inc. Class A 1,881 34,159 ------------ Office/Business Equipment--0.2% Pitney Bowes, Inc. 5,403 249,565 ------------ Oil & Gas--3.0% Chevron Corp. 55,685 4,094,518 Crosstex Energy, Inc. 80 2,535 ------------ Total Oil & Gas 4,097,053 ------------ Oil & Gas Services--0.0% MarkWest Hydrocarbon, Inc. 282 13,691 ------------ Packaging & Containers--0.1% Chesapeake Corp. 987 16,799 Packaging Corp. of America 4,216 93,173 ------------ Total Packaging & Containers 109,972 ------------ Pharmaceuticals--9.1% Bristol-Myers Squibb Co. 78,790 2,073,753 Eli Lilly & Co. 30,005 1,563,261 Merck & Co., Inc. 65,845 2,870,842 Pfizer, Inc. 223,642 5,792,327 ------------ Total Pharmaceuticals 12,300,183 ------------ Pipelines--0.5% Kinder Morgan, Inc. 3,972 420,039 National Fuel Gas Co. 2,366 91,186 ONEOK, Inc. 2,900 125,048 ------------ Total Pipelines 636,273 ------------ See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Real Estate --0.0% Resource Capital Corp. 1,408 $ 23,865 ------------ REITS--8.3% Acadia Realty Trust 799 19,991 Agree Realty Corp. 708 24,334 Alexandria Real Estate Equities, Inc. 728 73,091 AMB Property Corp. 2,378 139,375 American Campus Communities, Inc. 1,101 31,345 American Financial Realty Trust 7,485 85,628 American First Apartment Investors, Inc. 594 10,870 American Land Lease, Inc. 235 6,230 Apartment Investment & Management Co. Class A 3,568 199,879 Archstone-Smith Trust 5,629 327,664 Ashford Hospitality Trust, Inc. 3,948 49,153 Associated Estates Realty Corp. 778 10,690 BioMed Realty Trust, Inc. 2,233 63,864 BNP Residential Properties, Inc. 475 11,471 Brandywine Realty Trust 3,844 127,813 BRE Properties, Inc. Class A 1,422 92,458 BRT Realty Trust 542 14,986 Camden Property Trust 1,614 119,194 Capital Lease Funding, Inc. 1,614 18,722 CBL & Associates Properties, Inc. 2,722 117,999 Cedar Shopping Centers, Inc. 1,332 21,192 CentraCore Properties Trust 658 21,273 Colonial Properties Trust 2,272 106,511 Columbia Equity Trust 608 11,619 Cousins Properties, Inc. 1,802 63,557 Crescent Real Estate Equities Co. 6,374 125,887 Developers Diversified Realty Corp. 3,523 221,773 DiamondRock Hospitality Co. 2,746 49,455 Digital Realty Trust, Inc. 1,266 43,335 Duke Realty Corp. 5,356 219,060 EastGroup Properties, Inc. 705 37,760 Education Realty Trust, Inc. 874 12,909 Entertainment Properties Trust 1,065 62,239 Equity Inns, Inc. 2,745 43,810 Equity Office Properties Trust 8,551 411,902 Equity One, Inc. 2,981 79,473 Equity Residential 8,621 437,516 Extra Space Storage, Inc. 2,817 51,438 Federal Realty Investment Trust 1,332 113,220 FelCor Lodging Trust, Inc. 2,502 54,644 First Industrial Realty Trust, Inc. 2,319 108,738 First Potomac Realty Trust 705 20,523 Franklin Street Properties Corp. 3,722 78,348 General Growth Properties, Inc. 7,029 367,125 Getty Realty Corp. 1,238 38,254 Glimcher Realty Trust 2,369 63,276 Global Signal, Inc. 2,366 124,617 GMH Communities Trust 2,511 25,487 Government Properties Trust, Inc. 1,076 11,406 Health Care Property Investors, Inc. 8,254 303,912 Health Care REIT, Inc. 3,776 162,444 Healthcare Realty Trust, Inc. 2,699 106,718 Hersha Hospitality Trust 1,796 20,367 Highland Hospitality Corp. 3,198 45,572 Highwoods Properties, Inc. 2,178 88,775 Home Properties, Inc. 1,233 73,080 Hospitality Properties Trust 3,844 182,705 Host Hotels & Resorts, Inc. 14,672 360,198 HRPT Properties Trust 12,020 148,447 Inland Real Estate Corp. 3,175 59,436 Innkeepers USA Trust 2,005 31,078 Investors Real Estate Trust 2,605 26,727 iStar Financial, Inc. 7,250 346,695 See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Kilroy Realty Corp. 801 $ 62,478 Kimco Realty Corp. 6,907 310,470 Kite Realty Group Trust 1,648 30,686 LaSalle Hotel Properties 1,351 61,943 Lexington Corporate Properties Trust 2,981 66,834 Liberty Property Trust 3,931 193,169 Longview Fibre Co. 2,582 56,675 LTC Properties, Inc. 1,128 30,806 Macerich Co. (The) 2,178 188,549 Mack-Cali Realty Corp. 2,652 135,252 Maguire Properties, Inc. 1,614 64,560 Medical Properties Trust, Inc. 2,511 38,418 Mid-America Apartment Communities, Inc. 846 48,425 Mission West Properties, Inc. 799 10,467 National Health Investors, Inc. 1,310 43,230 National Retail Properties, Inc. 3,011 69,102 Nationwide Health Properties, Inc. 3,891 117,586 New Plan Excel Realty Trust, Inc. 4,032 110,799 Newkirk Realty Trust, Inc. 1,379 24,877 Omega Healthcare Investors, Inc. 3,028 53,656 One Liberty Properties, Inc. 473 11,886 Parkway Properties, Inc. 658 33,565 Pennsylvania Real Estate Investment Trust 1,891 74,468 Post Properties, Inc. 1,574 71,932 Potlatch Corp. 1,695 74,275 Ramco-Gershenson Properties Trust 799 30,474 Rayonier, Inc. 3,067 125,900 Realty Income Corp. 4,874 135,010 Reckson Associates Realty Corp. 2,666 121,570 Regency Centers Corp. 1,844 144,145 Republic Property Trust 1,659 19,145 Saul Centers, Inc. 517 28,533 Senior Housing Properties Trust 4,079 99,854 Simon Property Group, Inc. 5,861 593,662 Sovran Self Storage, Inc. 815 46,683 Spirit Finance Corp. 6,056 75,518 Strategic Hotels & Resorts, Inc. 2,831 61,687 Sun Communities, Inc. 1,339 43,330 Sunstone Hotel Investors, Inc. 2,354 62,922 Tanger Factory Outlet Centers, Inc. 893 34,898 Trustreet Properties Inc. 4,690 79,027 United Dominion Realty Trust, Inc. 4,334 137,778 Universal Health Realty Income Trust 564 21,985 Urstadt Biddle Properties, Inc. Class A 752 14,356 U-Store-It Trust 2,652 54,499 Ventas, Inc. 3,700 156,584 Vornado Realty Trust 3,398 412,857 Washington Real Estate Investment Trust 1,473 58,920 Weingarten Realty Investors 2,963 136,624 Winston Hotels, Inc. 1,985 26,301 Winthrop Realty Trust 2,024 13,864 ------------ Total REITS 11,247,492 ------------ Retail--0.0% Asbury Automotive Group, Inc. 1,013 23,866 Kenneth Cole Productions, Inc. Class A 471 11,299 Tuesday Morning Corp. 1,763 27,415 ------------ Total Retail 62,580 ------------ Savings & Loans--1.9% Astoria Financial Corp. 2,993 90,269 Capitol Federal Financial 3,397 130,513 Charter Financial Corp. 529 27,254 Dime Community Bancshares, Inc. 1,128 15,803 First Defiance Financial Corp. 390 11,817 First Niagara Financial Group, Inc. 3,462 51,445 See Notes to Schedule of Investments. 8 Schedule of Investments (unaudited) (continued) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Flagstar Bancorp, Inc. 1,990 $ 29,532 New York Community Bancorp, Inc. 16,220 261,142 Northwest Bancorp, Inc. 1,295 35,561 OceanFirst Financial Corp. 399 9,149 United Community Financial Corp. 793 9,706 Washington Federal, Inc. 2,762 64,990 Washington Mutual, Inc. 40,744 1,853,444 Willow Grove Bancorp, Inc. 329 4,909 ------------ Total Savings & Loans 2,595,534 ------------ Semiconductors--0.1% Microchip Technology, Inc. 5,616 183,643 ------------ Software--0.0% Computer Programs & Systems, Inc. 235 7,988 ------------ Telecommunications--9.0% Alaska Communications Systems Group, Inc. 2,319 35,226 AT&T, Inc. 133,867 4,785,744 BellSouth Corp. 36,680 1,727,994 Citizens Communications Co. 19,845 285,173 Commonwealth Telephone Enterprises, Inc. 987 41,316 Consolidated Communications Holdings, Inc. 2,225 46,503 Embarq Corp. 5,160 271,210 FairPoint Communications, Inc. 2,634 49,914 Iowa Telecommunications Services, Inc. 2,668 52,586 North Pittsburgh Systems, Inc. 376 9,077 SureWest Communications 470 12,944 USA Mobility, Inc.* 2,594 58,028 Verizon Communications, Inc. 120,223 4,477,104 Windstream Corp. 30,376 431,947 ------------ Total Telecommunications 12,284,766 ------------ Toys/Games/Hobbies--0.2% Mattel, Inc. 10,032 227,325 ------------ Trucking & Leasing --0.0% Tal International Group, Inc. 944 25,195 ------------ Water--0.0% California Water Service Group 520 21,008 Middlesex Water Co. 383 7,174 ------------ Total Water 28,182 ------------ TOTAL COMMON STOCKS (Cost: $129,485,219) 135,295,043 ------------ SHORT-TERM INVESTMENT--0.6% MONEY MARKET FUND--0.6% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $810,392) 810,392 810,392 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--0.9% MONEY MARKET FUNDS (c)--0.9% UBS Enhanced Yield Portfolio, 5.23% 910,547 910,547 UBS Private Money Market Fund LLC, 5.21% 329,853 329,853 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $1,240,400) (d) 1,240,400 ------------ TOTAL INVESTMENTS IN SECURITIES, BEFORE SECURITIES SOLD SHORT--101.2% (Cost: $131,536,011) 137,345,835 ------------ SECURITIES SOLD SHORT--(0.0)% Banks - (0.0)% Capital One Financial Corp. (Proceeds: $3,294) (43) $ (3,303) ------------ See Notes to Schedule of Investments. 9 Schedule of Investments (unaudited) (continued) WisdomTree High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES, NET OF SECURITIES SOLD SHORT--101.2% (Cost: $131,532,717) (e) $137,342,532 Liabilities in Excess of Other Assets--(1.2)% (1,582,912) ------------ NET ASSETS--100.0% $135,759,620 ============ * Non-income producing security. (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $1,199,184 and the total market value of the collateral held by the Fund was $1,240,400. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 10 WisdomTree High-Yielding Equity Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 43.8% Consumer Non-Cyclical 18.9% Communications 9.8% Utilities 9.6% Industrial 7.7% Basic Materials 4.7% Energy 3.5% Consumer Cyclical 1.4% Technology 0.3% Short-Term Investment 0.6% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree Dividend Top 100 Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.6% Agriculture--3.9% Altria Group, Inc. 16,886 $ 1,449,157 Reynolds American, Inc. 25,063 1,640,874 UST, Inc. 25,213 1,467,397 ------------ Total Agriculture 4,557,428 ------------ Apparel--0.9% VF Corp. 12,581 1,032,648 ------------ Auto Manufacturers--1.1% General Motors Corp. (a) 40,419 1,241,672 ------------ Banks--17.4% Bank of America Corp. 26,860 1,434,055 Bank of New York Co., Inc. (The) 23,936 942,360 BB&T Corp. 31,542 1,385,640 Comerica, Inc. 24,124 1,415,596 Fifth Third Bancorp 35,603 1,457,231 KeyCorp 36,390 1,383,912 Marshall & Ilsley Corp. 17,886 860,495 National City Corp. 41,143 1,504,188 PNC Financial Services Group, Inc. (The) 15,338 1,135,626 Regions Financial Corp. 36,135 1,351,449 SunTrust Banks, Inc. 12,634 1,066,941 Synovus Financial Corp. 29,946 923,235 UnionBanCal Corp. 19,739 1,209,014 U.S. Bancorp 40,508 1,465,985 Wachovia Corp. 26,692 1,520,110 Wells Fargo & Co. 31,181 1,108,796 ------------ Total Banks 20,164,633 ------------ Beverages--1.6% Anheuser-Busch Cos., Inc. 18,511 910,741 Coca-Cola Co. (The) 19,585 944,976 ------------ Total Beverages 1,855,717 ------------ Building Materials--1.0% Masco Corp. 37,534 1,121,141 ------------ Chemicals--3.7% Dow Chemical Co. (The) 32,434 1,295,413 E.I. du Pont de Nemours & Co. 22,798 1,110,491 PPG Industries, Inc. 16,141 1,036,414 Rohm & Haas Co. 16,773 857,436 ------------ Total Chemicals 4,299,754 ------------ Commercial Services--1.5% H&R Block, Inc. 32,412 746,773 R.R. Donnelley & Sons Co. 28,952 1,028,955 ------------ Total Commercial Services 1,775,728 ------------ Distribution/Wholesale--0.9% Genuine Parts Co. 21,468 1,018,227 ------------ Diversified Financial Services--3.1% Citigroup, Inc. 27,669 1,541,163 Freddie Mac 14,375 976,063 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree Dividend Top 100 Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- JPMorgan Chase & Co. 21,914 $ 1,058,446 ------------ Total Diversified Financial Services 3,575,672 ------------ Electric--19.4% Ameren Corp. 29,622 1,591,590 American Electric Power Co., Inc. 31,232 1,329,859 Consolidated Edison, Inc. 34,475 1,657,212 Dominion Resources, Inc. 14,762 1,237,646 DTE Energy Co. 32,491 1,572,889 Duke Energy Corp. 44,163 1,466,653 Edison International 17,841 811,409 Entergy Corp. 9,007 831,526 Exelon Corp. 15,150 937,634 FirstEnergy Corp. 17,590 1,060,677 FPL Group, Inc. 18,506 1,007,097 PG&E Corp. 21,852 1,034,255 PPL Corp. 29,050 1,041,152 Progress Energy, Inc. 36,989 1,815,419 Public Service Enterprise Group, Inc. 17,668 1,172,802 Southern Co. 41,052 1,513,177 TXU Corp. 18,705 1,013,998 Xcel Energy, Inc. 59,044 1,361,555 ------------ Total Electric 22,456,550 ------------ Electrical Components & Equipment--0.7% Emerson Electric Co. 19,456 857,815 ------------ Environmental Control--0.7% Waste Management, Inc. 22,594 830,781 ------------ Food--4.9% ConAgra Foods, Inc. 37,699 1,017,873 General Mills, Inc. 15,389 886,406 H.J. Heinz Co. Ltd. 24,983 1,124,485 Kellogg Co. 16,490 825,489 Kraft Foods, Inc. Class A 28,534 1,018,664 Sara Lee Corp. 50,657 862,689 ------------ Total Food 5,735,606 ------------ Forest Products & Paper--2.2 % International Paper Co. 32,219 1,098,668 Weyerhaeuser Co. 20,098 1,419,924 ------------ Total Forest Products & Paper 2,518,592 ------------ Healthcare-Products--0.7% Johnson & Johnson 12,003 792,438 ------------ Home Builders--0.7% D.R. Horton, Inc. 30,514 808,316 ------------ Household Products/Wares--0.9% Kimberly-Clark Corp. 15,518 1,054,448 ------------ Housewares--0.9% Newell Rubbermaid, Inc. 36,329 1,051,725 ------------ See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree Dividend Top 100 Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Insurance--2.5 % Cincinnati Financial Corp. 23,692 $ 1,073,485 Hartford Financial Services Group, Inc. (The) 9,509 887,285 Lincoln National Corp. 13,646 906,094 ------------ Total Insurance 2,866,864 ------------ Media--0.8% CBS Corp. Class B 30,840 961,591 ------------ Mining--3.0% Southern Copper Corp. (a) 64,297 3,464,965 ------------ Miscellaneous Manufacturing--1.5% 3M Co. 9,751 759,895 General Electric Co. 27,962 1,040,466 ------------ Total Miscellaneous Manufacturing 1,800,361 ------------ Office/Business Equipment--0.8% Pitney Bowes, Inc. 21,154 977,103 ------------ Oil & Gas--0.9% Chevron Corp. 14,120 1,038,244 ------------ Pharmaceuticals--5.1% Abbott Laboratories 18,601 906,055 Bristol-Myers Squibb Co. 63,409 1,668,924 Eli Lilly & Co. 19,308 1,005,947 Merck & Co., Inc. 26,701 1,164,164 Pfizer, Inc. 44,590 1,154,881 ------------ Total Pharmaceuticals 5,899,971 ------------ Pipelines--1.0% Kinder Morgan, Inc. 11,057 1,169,278 ------------ REITS--9.2% Archstone-Smith Trust 17,023 990,909 AvalonBay Communities, Inc. 6,234 810,732 Boston Properties, Inc. 6,999 783,048 Equity Office Properties Trust 19,740 950,876 Equity Residential 21,988 1,115,891 General Growth Properties, Inc. 21,553 1,125,712 Host Hotels & Resorts, Inc. 43,652 1,071,657 Kimco Realty Corp. 23,367 1,050,347 ProLogis 13,158 799,612 Simon Property Group, Inc. 10,355 1,048,858 Vornado Realty Trust 7,600 923,400 ------------ Total REITS 10,671,042 ------------ Retail--1.5% Home Depot, Inc. (The) 21,935 880,909 McDonald's Corp. 19,848 879,862 ------------ Total Retail 1,760,771 ------------ Savings & Loans--1.5% Washington Mutual, Inc. 39,011 1,774,610 ------------ Telecommunications--4.7% AT&T, Inc. 40,801 1,458,636 BellSouth Corp. 18,690 880,486 Embarq Corp. 26,418 1,388,530 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree Dividend Top 100 Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Verizon Communications, Inc. 46,308 $ 1,724,510 ------------ Total Telecommunications 5,452,162 ------------ Toys/Games/Hobbies--0.9% Mattel, Inc. 46,994 1,064,884 ------------ TOTAL COMMON STOCKS (Cost: $112,609,170) 115,650,737 ------------ SHORT-TERM INVESTMENT--0.3% MONEY MARKET FUND--0.3% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $376,347) 376,347 376,347 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--2.6% MONEY MARKET FUNDS (c) --2.6% UBS Enhanced Yield Portfolio, 5.23% 2,024,619 2,024,619 UBS Private Money Market Fund LLC, 5.21% 982,581 982,581 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $3,007,200) (d) 3,007,200 ------------ TOTAL INVESTMENTS IN SECURITIES, BEFORE SECURITIES SOLD SHORT--102.5% (Cost: $115,992,717) 119,034,284 ------------ SECURITIES SOLD SHORT-- (0.0)% Banks - (0.0)% Capital One Financial Corp. (216) (16,593) (Proceeds: $16,548) ------------ TOTAL INVESTMENTS IN SECURITIES, NET OF SECURITIES SOLD SHORT--102.5% (Cost: $115,976,169) (e) 119,017,691 Liabilities in Excess of Other Assets--(2.5)% (2,942,770) ------------ NET ASSETS--100.0% $116,074,921 ============ (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $2,909,109 and the total market value of the collateral held by the Fund was $3,007,200. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 4 WisdomTree Dividend Top 100 Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 33.6% Utilities 19.3% Consumer Non-Cyclical 18.7% Basic Materials 8.9% Consumer Cyclical 6.9% Communications 5.5% Industrial 4.0% Energy 1.9% Technology 0.8% Short-Term Investment 0.3% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.8% Advertising--0.1% Omnicom Group, Inc. 1,506 $ 157,437 ------------ Aerospace/Defense--1.8% Boeing Co. (The) 9,590 851,975 General Dynamics Corp. 4,450 330,858 L-3 Communications Holdings, Inc. 1,038 84,888 Lockheed Martin Corp. 5,856 539,162 Northrop Grumman Corp. 5,495 372,012 Raytheon Co. 7,469 394,363 Rockwell Collins, Inc. 1,572 99,492 United Technologies Corp. 14,735 921,231 ------------ Total Aerospace/Defense 3,593,981 ------------ Agriculture--3.9% Altria Group, Inc. 76,305 6,548,495 Archer-Daniels-Midland Co. 6,611 211,288 Reynolds American, Inc. 12,273 803,513 UST, Inc. 5,839 339,830 ------------ Total Agriculture 7,903,126 ------------ Airlines--0.0% Southwest Airlines Co. 533 8,166 ------------ Apparel--0.2% NIKE, Inc. Class B 2,507 248,268 VF Corp. 2,794 229,332 ------------ Total Apparel 477,600 ------------ Auto Manufacturers--0.3% General Motors Corp. 17,245 529,766 Paccar, Inc. 2,721 176,593 ------------ Total Auto Manufacturers 706,359 ------------ Auto Parts & Equipment--0.1% Johnson Controls, Inc. 2,820 242,294 ------------ Banks--13.4% Bank of America Corp. 166,486 8,888,689 Bank of New York Co., Inc. (The) 16,554 651,731 BB&T Corp. 18,818 826,675 Capital One Financial Corp. 309 23,737 Comerica, Inc. 5,789 339,699 Fifth Third Bancorp 20,126 823,757 KeyCorp 13,663 519,604 M&T Bank Corp. 2,024 247,252 Marshall & Ilsley Corp. 5,334 256,619 Mellon Financial Corp. 7,963 335,640 National City Corp. (a) 23,215 848,740 Northern Trust Corp. 3,418 207,438 PNC Financial Services Group, Inc. (The) 8,135 602,315 Regions Financial Corp. 24,779 926,735 State Street Corp. 3,803 256,474 SunTrust Banks, Inc. 9,464 799,235 Synovus Financial Corp. 7,512 231,595 UnionBanCal Corp. 4,137 253,391 U.S. Bancorp 61,475 2,224,780 Wachovia Corp. 74,096 4,219,767 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Wells Fargo & Co. 95,597 $ 3,399,429 Zions Bancorp 1,892 155,976 ------------ Total Banks 27,039,278 ------------ Beverages--2.7% Anheuser-Busch Cos., Inc. 17,027 837,728 Coca-Cola Co. (The) 55,312 2,668,804 Coca-Cola Enterprises, Inc. 4,788 97,771 PepsiCo, Inc. 28,349 1,773,230 ------------ Total Beverages 5,377,533 ------------ Building Materials--0.2% American Standard Cos., Inc. 2,889 132,461 Masco Corp. 10,739 320,774 ------------ Total Building Materials 453,235 ------------ Chemicals--2.0% Air Products & Chemicals, Inc. 3,877 272,476 Dow Chemical Co. (The) 31,887 1,273,566 E.I. du Pont de Nemours & Co. 25,807 1,257,059 Ecolab, Inc. 2,008 90,762 Monsanto Co. 4,039 212,169 PPG Industries, Inc. 4,380 281,240 Praxair, Inc. 4,625 274,401 Rohm & Haas Co. 4,910 250,999 Sherwin-Williams Co. (The) 1,946 123,727 ------------ Total Chemicals 4,036,399 ------------ Coal--0.0% Peabody Energy Corp. 1,201 48,532 ------------ Commercial Services--0.2% H&R Block, Inc. 6,256 144,138 McKesson Corp. 1,294 65,606 Moody's Corp. 980 67,679 R.R. Donnelley & Sons Co. 5,696 202,436 ------------ Total Commercial Services 479,859 ------------ Computers--1.3% Electronic Data Systems Corp. 3,430 94,497 Hewlett-Packard Co. 19,785 814,944 International Business Machines Corp. 17,525 1,702,553 ------------ Total Computers 2,611,994 ------------ Cosmetics/Personal Care--2.2% Avon Products, Inc. 8,435 278,692 Colgate-Palmolive Co. 9,059 591,009 Procter & Gamble Co. 55,771 3,584,403 ------------ Total Cosmetics/Personal Care 4,454,104 ------------ Distribution/Wholesale--0.1% Genuine Parts Co. 4,358 206,700 ------------ Diversified Financial Services--10.1% American Express Co. 11,017 668,401 Ameriprise Financial, Inc. 1,761 95,975 Bear Stearns & Co., Inc. 770 125,341 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- BlackRock, Inc. 1,218 $ 185,014 Charles Schwab Corp. (The) 12,098 233,975 Chicago Mercantile Exchange Holdings Inc. Class A 155 79,011 CIT Group, Inc. 2,736 152,587 Citigroup, Inc. 173,088 9,641,001 Countrywide Financial Corp. 8,383 355,858 Franklin Resources, Inc. 1,020 112,373 Freddie Mac 17,327 1,176,503 Goldman Sachs Group, Inc. 2,751 548,412 JPMorgan Chase & Co. 90,855 4,388,297 Legg Mason, Inc. 1,020 96,951 Lehman Brothers Holdings, Inc. 3,098 242,016 Merrill Lynch & Co., Inc. 8,972 835,293 Morgan Stanley 13,376 1,089,208 SLM Corp. 7,997 390,014 T. Rowe Price Group, Inc. 3,001 131,354 ------------ Total Diversified Financial Services 20,547,584 ------------ Diversified Financials--0.5% Fannie Mae 15,730 934,205 ------------ Electric--5.5% Ameren Corp. 8,562 460,036 American Electric Power Co., Inc. 13,291 565,931 Consolidated Edison, Inc. 10,942 525,982 Constellation Energy Group, Inc. 3,548 244,351 Dominion Resources, Inc. 10,814 906,646 DTE Energy Co. 6,938 335,869 Duke Energy Corp. 45,146 1,499,299 Edison International 6,836 310,901 Entergy Corp. 4,401 406,300 Exelon Corp. 15,807 978,295 FirstEnergy Corp. 8,537 514,781 FPL Group, Inc. 10,146 552,145 PG&E Corp. 8,967 424,408 PPL Corp. 10,203 365,676 Progress Energy, Inc. 11,489 563,880 Public Service Enterprise Group, Inc. 7,623 506,015 Southern Co. 28,333 1,044,354 TXU Corp. 12,326 668,192 Xcel Energy, Inc. 13,901 320,557 ------------ Total Electric 11,193,618 ------------ Electrical Components & Equipment--0.4% Emerson Electric Co. 17,266 761,258 ------------ Engineering & Construction--0.0% Fluor Corp. 728 59,441 ------------ Entertainment--0.1% International Game Technology 3,604 166,505 ------------ Environmental Control--0.2% Waste Management, Inc. 11,494 422,634 ------------ Food--1.8% Campbell Soup Co. 7,486 291,131 ConAgra Foods, Inc. 12,590 339,930 General Mills, Inc. 7,667 441,619 H.J. Heinz Co., Ltd. 9,295 418,368 Hershey Co. (The) 3,099 154,330 Kellogg Co. 8,314 416,199 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Kraft Foods, Inc. Class A 11,819 $ 421,938 Kroger Co. (The) 7,678 177,131 Safeway, Inc. 2,876 99,395 Sara Lee Corp. 16,057 273,451 Sysco Corp. 11,665 428,805 Wm. Wrigley Jr. Co. 3,799 196,484 ------------ Total Food 3,658,781 ------------ Forest Products & Paper--0.5% International Paper Co. 12,272 418,475 Weyerhaeuser Co. 7,834 553,472 ------------ Total Forest Products & Paper 971,947 ------------ Gas--0.1% Sempra Energy 5,165 289,447 ------------ Healthcare-Products--2.5% Baxter International, Inc. 7,609 352,982 Becton, Dickinson & Co. 3,028 212,414 Biomet, Inc. 1,724 71,149 C.R. Bard, Inc. 670 55,590 Johnson & Johnson 58,849 3,885,211 Medtronic, Inc. 8,622 461,363 Stryker Corp. 745 41,057 ------------ Total Healthcare-Products 5,079,766 ------------ Healthcare-Services--0.1% Aetna, Inc. 421 18,179 Quest Diagnostics, Inc. 1,330 70,490 UnitedHealth Group, Inc. 737 39,599 ------------ Total Healthcare-Services 128,268 ------------ Home Builders--0.1% D.R. Horton, Inc. 6,193 164,052 Pulte Homes, Inc. 1,114 36,896 ------------ Total Home Builders 200,948 ------------ Household Products/Wares--0.6% Clorox Co. (The) 2,617 167,881 Fortune Brands, Inc. 2,591 221,245 Kimberly-Clark Corp. 12,090 821,516 ------------ Total Household Products/Wares 1,210,642 ------------ Housewares--0.1% Newell Rubbermaid, Inc. 7,283 210,843 ------------ Insurance--3.5% Allstate Corp. (The) 12,285 799,876 AMBAC Financial Group, Inc. 824 73,394 American Family Life Assurance Co., Inc. 7,432 341,872 American International Group, Inc. 21,788 1,561,327 AON Corp. 4,620 163,271 Chubb Corp. (The) 7,099 375,608 Cigna Corp. 107 14,078 Cincinnati Financial Corp. 4,674 211,779 Genworth Financial, Inc. Class A 4,395 150,353 Hartford Financial Services Group, Inc. (The) 6,606 616,406 Lincoln National Corp. 6,196 411,414 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Loews Corp. 3,070 $ 127,313 Marsh & McLennan Cos., Inc. 10,598 324,935 MBIA Inc. 2,144 156,641 Metlife, Inc. 6,785 400,383 Principal Financial Group, Inc. 3,323 195,060 Progressive Corp. (The) 995 24,099 Prudential Financial, Inc. 4,939 424,063 St. Paul Travelers Cos., Inc. (The) 12,381 664,736 ------------ Total Insurance 7,036,608 ------------ Iron/Steel--0.1% Allegheny Technologies, Inc. 390 35,365 Nucor Corp. 1,806 98,716 United States Steel Corp. 1,166 85,281 ------------ Total Iron/Steel 219,362 ------------ Leisure Time--0.1% Harley-Davidson, Inc. 2,644 186,323 ------------ Lodging--0.3% Harrah's Entertainment, Inc. 3,361 278,022 Hilton Hotels Corp. 1,688 58,911 Marriott International Inc. Class A 1,989 94,915 Starwood Hotels & Resorts Worldwide, Inc. 2,482 155,125 ------------ Total Lodging 586,973 ------------ Machinery-Construction & Mining--0.3% Caterpillar, Inc. 11,216 687,877 ------------ Machinery-Diversified--0.3% Deere & Co. 3,787 360,030 Rockwell Automation, Inc. 2,680 163,694 ------------ Total Machinery-Diversified 523,724 ------------ Media--1.6% CBS Corp. Class B 17,207 536,514 Clear Channel Communications, Inc. 9,297 330,415 Gannett Co., Inc. 4,336 262,155 McGraw-Hill Cos., Inc. (The) 3,455 235,009 News Corp. Class A 11,122 238,901 News Corp. Class B 3,877 86,302 Time Warner Inc. 38,662 842,058 Tribune Co. 4,713 145,066 Walt Disney Co. (The) 17,250 591,158 ------------ Total Media 3,267,578 ------------ Metal Fabricate/Hardware--0.0% Precision Castparts Corp. 210 16,439 ------------ Mining--1.2% Alcoa, Inc. 14,753 442,738 Freeport-McMoRan Copper & Gold Inc. Class B 3,485 194,219 Newmont Mining Corp. 3,203 144,615 Phelps Dodge Corp. 1,198 143,425 Southern Copper Corp. (a) 26,381 1,421,672 Vulcan Materials Co. 1,409 126,627 ------------ Total Mining 2,473,296 ------------ See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Miscellaneous Manufacturing--6.3% 3M Co. 14,854 $ 1,157,572 Danaher Corp. 291 21,080 Dover Corp. 2,669 130,834 Eaton Corp. 2,683 201,601 General Electric Co. 260,382 9,688,814 Honeywell International, Inc. 15,365 695,113 Illinois Tool Works, Inc. 9,032 417,188 ITT Industries, Inc. 1,388 78,866 Parker Hannifin Corp. 1,319 101,405 Textron, Inc. 1,784 167,286 ------------ Total Miscellaneous Manufacturing 12,659,759 ------------ Office/Business Equipment--0.1% Pitney Bowes, Inc. 5,502 254,137 ------------ Oil & Gas--7.6% Anadarko Petroleum Corp. 2,980 129,690 Apache Corp. 2,494 165,876 Chesapeake Energy Corp. 2,723 79,103 Chevron Corp. 55,880 4,108,856 ConocoPhillips 31,406 2,259,662 Devon Energy Corp. 2,425 162,669 Diamond Offshore Drilling, Inc. 753 60,195 ENSCO International, Inc. 278 13,917 EOG Resources, Inc. 776 48,461 Exxon Mobil Corp. 86,627 6,638,227 Hess Corp. 1,960 97,157 Marathon Oil Corp. 5,318 491,915 Murphy Oil Corp. 1,828 92,954 Noble Energy, Inc. 898 44,065 Occidental Petroleum Corp. 13,060 637,720 Sunoco, Inc. 1,628 101,522 Valero Energy Corp. 3,101 158,647 XTO Energy, Inc. 2,347 110,426 ------------ Total Oil & Gas 15,401,062 ------------ Oil & Gas Services--0.3% Baker Hughes, Inc. 2,032 151,709 BJ Services Co. 1,610 47,205 Halliburton Co. 7,949 246,817 Smith International, Inc. 1,470 60,373 ------------ Total Oil & Gas Services 506,104 ------------ Pharmaceuticals--7.9% Abbott Laboratories 34,559 1,683,369 Allergan, Inc. 490 58,673 AmerisourceBergen Corp. 768 34,529 Bristol-Myers Squibb Co. 79,019 2,079,780 Cardinal Health, Inc. 1,989 128,151 Caremark Rx, Inc. 3,224 184,123 Eli Lilly & Co. 30,155 1,571,076 Merck & Co., Inc. 66,075 2,880,870 Pfizer, Inc. 224,420 5,812,477 Schering-Plough Corp. 13,028 307,982 Wyeth 25,904 1,319,032 ------------ Total Pharmaceuticals 16,060,062 ------------ Pipelines--0.4% El Paso Corp. 6,795 103,828 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Kinder Morgan, Inc. 4,002 $ 423,211 Williams Cos., Inc. (The) 6,746 176,206 ------------ Total Pipelines 703,245 ------------ REITS--2.1% Archstone-Smith Trust 5,672 330,167 AvalonBay Communities, Inc. 1,572 204,439 Boston Properties, Inc. 2,436 272,540 Equity Office Properties Trust 8,579 413,250 Equity Residential 8,673 440,155 General Growth Properties, Inc. 7,047 368,065 Host Hotels & Resorts, Inc. 14,539 356,932 Kimco Realty Corp. 6,916 310,874 ProLogis 5,442 330,710 Public Storage, Inc. 3,139 306,053 Simon Property Group, Inc. 5,911 598,725 Vornado Realty Trust 3,435 417,353 ------------ Total REITS 4,349,263 ------------ Retail--4.0% Best Buy Co., Inc. 3,093 152,145 Costco Wholesale Corp. 4,041 213,648 CVS Corp. 3,943 121,878 Federated Department Stores, Inc. 5,890 224,586 Gap, Inc. (The) 12,475 243,263 Home Depot, Inc. (The) 43,605 1,751,176 J.C. Penney Co., Inc. 1,877 145,205 Limited Brands, Inc. 6,541 189,297 Lowe's Cos., Inc. 9,075 282,686 McDonald's Corp. 26,263 1,164,239 Nordstrom, Inc. 1,973 97,348 Staples, Inc. 5,550 148,185 Target Corp. 6,307 359,814 TJX Cos., Inc. 3,991 113,823 Walgreen Co. 6,794 311,777 Wal-Mart Stores, Inc. 54,018 2,494,550 Yum! Brands, Inc. 2,350 138,180 ------------ Total Retail 8,151,800 ------------ Savings & Loans--1.0% Sovereign Bancorp, Inc. 5,386 136,751 Washington Mutual, Inc. (a) 40,872 1,859,267 ------------ Total Savings & Loans 1,996,018 ------------ Semiconductors--1.7% Analog Devices, Inc. 5,975 196,398 Applied Materials, Inc. 13,445 248,060 Intel Corp. 108,229 2,191,637 KLA -Tencor Corp. 1,680 83,580 Linear Technology Corp. 4,962 150,448 Maxim Integrated Products, Inc. 5,605 171,625 National Semiconductor Corp. 1,948 44,220 Texas Instruments, Inc. 7,100 204,480 Xilinx, Inc. 4,002 95,288 ------------ Total Semiconductors 3,385,736 ------------ Software--2.3% Automatic Data Processing, Inc. 9,322 459,109 CA, Inc. 3,442 77,961 See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- First Data Corp. 6,390 $ 163,073 Mastercard Inc. Class A 245 24,130 Microsoft Corp. 119,459 3,567,046 Paychex, Inc. 7,162 283,185 ------------ Total Software 4,574,504 ------------ Telecommunications--6.4% ALLTEL Corp. 2,933 177,388 AT&T Inc. 134,334 4,802,441 BellSouth Corp. 40,458 1,905,976 Embarq Corp. 5,180 272,261 Motorola, Inc. 19,302 396,849 NTL, Inc. 938 23,675 QUALCOMM, Inc. 19,320 730,103 Sprint Nextel Corp. 12,588 237,787 Verizon Communications, Inc. 120,627 4,492,149 ------------ Total Telecommunications 13,038,629 ------------ Toys/Games/Hobbies--0.1% Mattel, Inc. 10,067 228,118 ------------ Transportation--1.1% Burlington Northern Santa Fe Corp. 4,296 317,088 C.H. Robinson Worldwide, Inc. 2,509 102,593 CSX Corp. 4,293 147,808 Expeditors International Washington, Inc. 912 36,936 FedEx Corp. 876 95,151 Norfolk Southern Corp. 5,147 258,843 Union Pacific Corp. 3,181 292,716 United Parcel Service Inc. Class B 11,618 871,117 ------------ Total Transportation 2,122,252 ------------ TOTAL COMMON STOCKS (Cost: $191,587,330) 202,061,353 ------------ SHORT-TERM INVESTMENT--0.5% MONEY MARKET FUND--0.5% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $1,056,273) 1,056,273 1,056,273 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--0.8% MONEY MARKET FUNDS (c)--0.8% AIM Liquid Assets Portfolio, 5.21% 552 552 AIM Prime Portfolio, 5.21% 15,809 15,809 UBS Enhanced Yield Portfolio, 5.23% 1,375,668 1,375,668 UBS Private Money Market Fund LLC, 5.21% 262,771 262,771 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $1,654,800) (d) 1,654,800 ------------ TOTAL INVESTMENTS IN SECURITIES--101.1% (Cost: $194,298,403) (e) 204,772,426 Liabilities in Excess of Other Assets--(1.1)% (2,192,301) ------------ NET ASSETS--100.0% $202,580,125 ============ (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $1,604,565 and the total market value of the collateral held by the Fund was $1,654,800. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 8 WisdomTree LargeCap Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 30.6% Consumer Non-Cyclical 21.9% Industrial 10.5% Energy 8.2% Communications 8.1% Utilities 5.7% Consumer Cyclical 5.6% Technology 5.4% Basic Materials 3.8% Short-Term Investment 0.5% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.7% Advertising--0.1% Harte-Hanks, Inc. 1,007 $ 27,904 ------------ Aerospace/Defense--0.3% DRS Technologies, Inc. 119 6,269 Goodrich Corp. 3,290 149,859 ------------ Total Aerospace/Defense 156,128 ------------ Agriculture--0.6% Loews Corp. 4,718 305,349 ------------ Apparel--0.4% Columbia Sportswear Co. 575 32,028 Jones Apparel Group, Inc. 2,718 90,863 Liz Claiborne, Inc. 820 35,637 Phillips-Van Heusen Corp. 291 14,599 Polo Ralph Lauren Corp. 249 19,337 Wolverine World Wide, Inc. 804 22,930 ------------ Total Apparel 215,394 ------------ Auto Manufacturers--0.1% Oshkosh Truck Corp. 886 42,900 ------------ Auto Parts & Equipment--0.1% BorgWarner, Inc. 1,005 59,315 ------------ Banks--9.0% Associated Banc-Corp 6,777 236,382 BancorpSouth, Inc. 3,542 94,996 Bank of Hawaii Corp. 2,352 126,890 BOK Financial Corp. 1,141 62,732 Cathay General Bancorp 829 28,609 City National Corp. 1,714 122,037 Colonial BancGroup, Inc. (The) 6,427 165,431 Commerce Bancorp, Inc. 3,849 135,754 Commerce Bancshares, Inc. 1,997 96,675 Compass Bancshares, Inc. 5,353 319,306 Cullen/Frost Bankers, Inc. 2,068 115,436 East West Bancorp, Inc. 572 20,260 First Citizens BancShares, Inc. Class A 92 18,643 First Horizon National Corp. 8,409 351,329 First Midwest Bancorp, Inc. 2,391 92,484 FirstMerit Corp. 5,829 140,712 Fulton Financial Corp. 9,375 156,563 Hancock Holding Co. 923 48,771 Huntington Bancshares, Inc. 14,664 348,271 International Bancshares Corp. 2,170 67,075 Investors Financial Services Corp. 170 7,254 Mercantile Bankshares Corp. 4,645 217,340 Sky Financial Group, Inc. 6,521 186,109 South Financial Group, Inc. (The) 2,955 78,573 TCF Financial Corp. 6,772 185,688 TD Banknorth, Inc. 9,416 303,948 Trustmark Corp. 2,437 79,714 Umpqua Holdings Corp. 2,135 62,833 Valley National Bancorp 5,650 149,782 Webster Financial Corp. 1,674 81,557 Whitney Holding Corp. 3,273 106,765 Wilmington Trust Corp. 3,082 129,968 ------------ Total Banks 4,337,887 ------------ See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Beverages--1.2% Brown-Forman Corp. Class A 1,446 $ 97,504 Brown-Forman Corp. Class B 1,707 113,072 Molson Coors Brewing Co. Class B 1,777 135,834 Pepsi Bottling Group, Inc. 4,881 150,871 PepsiAmericas, Inc. 4,590 96,298 ------------ Total Beverages 593,579 ------------ Building Materials--0.5% Eagle Materials, Inc. 1,153 49,844 Florida Rock Industries, Inc. 1,293 55,664 Lennox International, Inc. 1,470 44,997 Martin Marietta Materials, Inc. 740 76,893 Texas Industries, Inc. 175 11,240 ------------ Total Building Materials 238,638 ------------ Chemicals--3.5% Airgas, Inc. 800 32,416 Albemarle Corp. 759 54,496 Ashland, Inc. 1,597 110,480 Cabot Corp. 1,661 72,370 Celanese Corp. Series A 1,691 43,763 Chemtura Corp. 7,350 70,781 Cytec Industries, Inc. 541 30,572 Eastman Chemical Co. 3,686 218,617 FMC Corp. 608 46,542 International Flavors & Fragrances, Inc. 2,423 119,115 Kronos Worldwide, Inc. 2,022 65,836 Lubrizol Corp. 2,286 114,597 Lyondell Chemical Co. 13,552 346,525 RPM International, Inc. 5,959 124,484 Sigma-Aldrich Corp. 1,103 85,725 Valhi, Inc. 2,422 62,924 Valspar Corp. (The) 2,458 67,939 Westlake Chemical Corp. 438 13,744 ------------ Total Chemicals 1,680,926 ------------ Coal--0.3% Arch Coal, Inc. 1,379 41,411 CONSOL Energy, Inc. 2,099 67,441 Foundation Coal Holdings, Inc. 306 9,719 Massey Energy Co. 267 6,202 ------------ Total Coal 124,773 ------------ Commercial Services--1.7% Adesa, Inc. 1,418 39,350 Aramark Corp. Class B 1,589 53,152 Corporate Executive Board Co. 758 66,477 DeVry, Inc. 417 11,676 Equifax, Inc. 786 31,912 Manpower, Inc. 1,143 85,645 Pharmaceutical Product Development, Inc. 633 20,395 Robert Half International, Inc. 2,139 79,400 Service Corp. International 4,835 49,559 ServiceMaster Co. (The) 15,535 203,663 Sotheby's Class A 1,164 36,107 Watson Wyatt Worldwide, Inc. Class A 384 17,338 Weight Watchers International, Inc. 2,156 113,254 ------------ Total Commercial Services 807,928 ------------ See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Computers--0.3% Diebold, Inc. 1,881 $ 87,655 Factset Research Systems, Inc. 334 18,864 Jack Henry & Associates, Inc. 1,231 26,343 ------------ Total Computers 132,862 ------------ Cosmetics/Personal Care--0.3% Alberto-Culver Co. 3,480 74,646 Estee Lauder Cos., Inc. (The) Class A 2,231 91,069 ------------ Total Cosmetics/Personal Care 165,715 ------------ Distribution/Wholesale--0.7% CDW Corp. 859 60,405 Fastenal Co. 2,470 88,624 Pool Corp. 852 33,373 W.W. Grainger, Inc. 2,122 148,412 ------------ Total Distribution/Wholesale 330,814 ------------ Diversified Financial Services--3.5% A.G. Edwards, Inc. 1,592 100,758 Eaton Vance Corp. 2,826 93,286 Federated Investors, Inc. Class B 3,344 112,960 First Marblehead Corp. (The) 1,390 75,964 Greenhill & Co., Inc. 523 38,597 IndyMac Bancorp, Inc. 4,579 206,788 International Securities Exchange, Inc. 234 10,949 Janus Capital Group, Inc. 510 11,011 Jefferies Group, Inc. 2,985 80,058 National Financial Partners Corp. 893 39,265 Nuveen Investments, Inc. Class A 2,284 118,494 optionsXpress Holdings, Inc. 595 13,501 Raymond James Financial, Inc. 2,177 65,985 Student Loan Corp. 768 159,206 Thornburg Mortgage, Inc. 18,158 456,310 Waddell & Reed Financial, Inc. Class A 3,066 83,886 ------------ Total Diversified Financial Services 1,667,018 ------------ Electric--8.7% Alliant Energy Corp. 5,210 196,782 CenterPoint Energy, Inc. 17,201 285,193 DPL, Inc. 6,104 169,569 Duquesne Light Holdings, Inc. 6,497 128,965 Energy East Corp. 10,847 269,006 Great Plains Energy, Inc. 6,252 198,814 Hawaiian Electric Industries, Inc. 5,631 152,882 IDACORP, Inc. 1,949 75,329 ITC Holdings Corp. 1,807 72,099 MDU Resources Group, Inc. 5,536 141,943 Northeast Utilities 6,089 171,466 NSTAR 5,966 204,992 OGE Energy Corp. 4,701 188,040 Pepco Holdings, Inc. 11,633 302,574 Pinnacle West Capital Corp. 6,332 320,969 PNM Resources, Inc. 3,062 95,228 Portland General Electric Co. 3,041 82,867 Puget Energy, Inc. 7,081 179,574 SCANA Corp. 7,054 286,533 TECO Energy, Inc. 13,767 237,205 Westar Energy, Inc. 4,781 124,115 Wisconsin Energy Corp. 3,475 164,924 WPS Resources Corp. 2,837 153,283 ------------ Total Electric 4,202,352 ------------ See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Electrical Components & Equipment--0.7% American Power Conversion Corp. 3,822 $ 116,915 AMETEK, Inc. 1,087 34,610 Belden CDT Inc. 309 12,079 Hubbell, Inc. Class B 2,019 91,279 Molex, Inc. 1,362 43,080 Molex, Inc. Class A 1,316 36,453 National Instruments Corp. 1,021 27,812 ------------ Total Electrical Components & Equipment 362,228 ------------ Electronics--0.8% Amphenol Corp. Class A 249 15,458 Applera Corp. 1,304 47,844 AVX Corp. 2,449 36,221 Brady Corp. Class A 1,038 38,697 Gentex Corp. 4,809 74,827 Jabil Circuit, Inc. 3,142 77,136 PerkinElmer, Inc. 2,395 53,241 Tektronix, Inc. 974 28,412 ------------ Total Electronics 371,836 ------------ Engineering & Construction--0.0% Granite Construction Inc. 478 24,053 ------------ Entertainment--0.3% International Speedway Corp. Class A 108 5,512 Speedway Motorsports, Inc. 510 19,584 Warner Music Group Corp. 4,544 104,285 ------------ Total Entertainment 129,381 ------------ Environmental Control--0.3% Republic Services, Inc. 2,988 121,522 ------------ Food--1.9% Corn Products International, Inc. 1,126 38,892 Del Monte Foods Co. 3,799 41,903 Flowers Foods, Inc. 1,674 45,181 Hormel Foods Corp. 3,219 120,197 J.M. Smucker Co. (The) 2,030 98,394 McCormick & Co., Inc. 3,685 142,094 Pilgrim's Pride Corp. 395 11,625 Seaboard Corp. 4 7,060 SUPERVALU Inc. 5,983 213,892 Tyson Foods, Inc. Class A 3,816 62,773 Whole Foods Market, Inc. 3,120 146,422 ------------ Total Food 928,433 ------------ Forest Products & Paper--2.1% Louisiana-Pacific Corp. 4,370 94,086 MeadWestvaco Corp. 8,516 255,991 Plum Creek Timber Co., Inc. 11,363 452,816 Temple-Inland, Inc. 4,066 187,158 ------------ Total Forest Products & Paper 990,051 ------------ Gas--4.2% AGL Resources, Inc. 4,500 175,095 Atmos Energy Corp. 4,838 154,381 Energen Corp. 1,053 49,428 KeySpan Corp. 11,900 490,041 Nicor, Inc. 2,545 119,106 NiSource, Inc. 15,236 367,188 Peoples Energy Corp. 2,896 129,075 Piedmont Natural Gas Co., Inc. (a) 3,885 103,924 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Southern Union Co. 2,531 $ 70,741 UGI Corp. 4,012 109,447 Vectren Corp. 4,964 140,382 WGL Holdings, Inc. 2,984 97,219 ------------ Total Gas 2,006,027 ------------ Hand/Machine Tools--1.0% Black & Decker Corp. (The) 1,825 145,945 Kennametal, Inc. 813 47,845 Lincoln Electric Holdings, Inc. 983 59,393 Snap-On, Inc. 2,014 95,947 Stanley Works (The) 2,929 147,300 ------------ Total Hand/Machine Tools 496,430 ------------ Healthcare-Products--0.7% Bausch & Lomb, Inc. 855 44,511 Beckman Coulter, Inc. 933 55,793 Cooper Cos., Inc. (The) 139 6,186 Dade Behring Holdings, Inc. 697 27,748 DENTSPLY International, Inc. 1,169 34,895 Hillenbrand Industries, Inc. 1,791 101,961 Mentor Corp. 893 43,641 STERIS Corp. 641 16,134 ------------ Total Healthcare-Products 330,869 ------------ Healthcare-Services--0.9% Brookdale Senior Living, Inc. 5,325 255,599 Health Management Associates, Inc. Class A 4,043 85,348 Manor Care, Inc. 1,493 70,052 Universal Health Services, Inc. Class B 444 24,611 ------------ Total Healthcare-Services 435,610 ------------ Holding Companies-Diversified--0.1% Leucadia National Corp. 1,527 43,061 Walter Industries, Inc. 136 3,679 ------------ Total Holding Companies-Diversified 46,740 ------------ Home Builders--0.9% Beazer Homes USA, Inc. 492 23,129 Centex Corp. 581 32,693 KB Home 2,608 133,738 Lennar Corp. Class A 2,313 121,340 MDC Holdings, Inc. 1,208 68,916 Ryland Group, Inc. (The) 546 29,823 Standard-Pacific Corp. 546 14,627 Thor Industries, Inc. 537 23,623 ------------ Total Home Builders 447,889 ------------ Home Furnishings--0.4% Harman International Industries, Inc. 49 4,896 Whirlpool Corp. 2,357 195,678 ------------ Total Home Furnishings 200,574 ------------ Household Products/Wares--0.7% Avery Dennison Corp. 3,937 267,440 Church & Dwight Co., Inc. 711 30,324 Scotts Miracle-Gro Co. (The) Class A 1,041 53,768 ------------ Total Household Products/Wares 351,532 ------------ See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Housewares--0.1% Toro Co. (The) 562 $ 26,206 ------------ Insurance--6.3% American Financial Group, Inc. 1,780 63,920 American National Insurance Co. 1,067 121,755 Arthur J. Gallagher & Co. 6,045 178,630 Assurant, Inc. 1,312 72,488 Brown & Brown, Inc. 1,699 47,929 Commerce Group, Inc. 3,253 96,777 Delphi Financial Group, Inc. Class A 479 19,380 Erie Indemnity Co. Class A 2,234 129,527 Fidelity National Title Group, Inc. Class A 17,368 414,747 First American Corp. 2,758 112,195 Hanover Insurance Group, Inc. (The) 453 22,106 HCC Insurance Holdings, Inc. 2,152 69,058 Mercury General Corp. 2,972 156,714 MGIC Investment Corp. 2,133 133,398 Nationwide Financial Services, Inc. Class A 1,465 79,403 Odyssey Re Holdings Corp. 353 13,167 Ohio Casualty Corp. 1,007 30,019 Old Republic International Corp. 9,146 212,919 Phoenix Cos., Inc. (The) 1,555 24,709 PMI Group, Inc. (The) 561 26,462 Protective Life Corp. 1,886 89,585 Radian Group, Inc. 205 11,052 Reinsurance Group of America, Inc. 666 37,096 Safeco Corp. 3,449 215,735 Stancorp Financial Group, Inc. 1,139 51,312 Torchmark Corp. 1,256 80,083 Transatlantic Holdings, Inc. 876 54,400 Unitrin, Inc. 3,662 183,503 UnumProvident Corp. 7,439 154,582 W.R. Berkley Corp. 1,384 47,762 Wesco Financial Corp. 37 17,020 Zenith National Insurance Corp. 1,651 77,448 ------------ Total Insurance 3,044,881 ------------ Investment Companies--3.3% Allied Capital Corp. 17,901 585,005 American Capital Strategies Ltd. (a) 16,749 774,808 Apollo Investment Corp. 10,279 230,250 ------------ Total Investment Companies 1,590,063 ------------ Iron/Steel--0.4% Carpenter Technology Corp. 325 33,319 Chaparral Steel Co. 558 24,703 Cleveland-Cliffs, Inc. 666 32,261 Reliance Steel & Aluminum Co. 774 30,480 Steel Dynamics, Inc. 1,659 53,834 ------------ Total Iron/Steel 174,597 ------------ Leisure Time--0.6% Brunswick Corp. 2,517 80,292 Polaris Industries, Inc. 1,595 74,694 Sabre Holdings Corp. Class A 3,725 118,790 ------------ Total Leisure Time 273,776 ------------ Lodging--0.6% Ameristar Casinos, Inc. 968 29,756 Boyd Gaming Corp. 1,628 73,765 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Choice Hotels International, Inc. 1,350 $ 56,835 Station Casinos, Inc. 1,437 117,360 ------------ Total Lodging 277,716 ------------ Machinery-Construction & Mining--0.2% Joy Global, Inc. 2,429 117,418 ------------ Machinery-Diversified--0.5% Cummins, Inc. 903 106,716 Graco, Inc. 1,368 54,200 IDEX Corp. 1,019 48,311 Manitowoc Co., Inc. (The) 248 14,739 Nordson Corp. 731 36,426 ------------ Total Machinery-Diversified 260,392 ------------ Media--1.3% CBS Corp. Class A 2,522 78,737 Dow Jones & Co., Inc. 2,608 99,104 E.W. Scripps Co. (The) Class A 1,881 93,937 John Wiley & Sons, Inc. Class A 759 29,199 McClatchy Co. Class A 1,485 64,301 Meredith Corp. 660 37,191 New York Times Co. (The) Class A (a) 6,157 149,984 Washington Post Co. (The) Class B 125 93,200 ------------ Total Media 645,653 ------------ Metal Fabricate/Hardware--0.4% Commercial Metals Co. 1,430 36,894 Mueller Water Products Inc. Class B* 185 2,757 Timken Co. (The) 3,000 87,539 Worthington Industries, Inc. 4,851 85,960 ------------ Total Metal Fabricate/Hardware 213,150 ------------ Miscellaneous Manufacturing--2.4% Acuity Brands, Inc. 760 39,550 AptarGroup, Inc. 742 43,808 Brink's Co. (The) 312 19,943 Carlisle Cos., Inc. 633 49,691 CLARCOR Inc. 713 24,107 Crane Co. 1,414 51,809 Donaldson Co., Inc. 1,257 43,630 Eastman Kodak Co. 8,270 213,365 Harsco Corp. 1,136 86,450 Leggett & Platt, Inc. 7,621 182,142 Pall Corp. 2,805 96,913 Pentair, Inc. 2,584 81,138 Roper Industries, Inc. 692 34,766 SPX Corp. 1,424 87,092 Teleflex, Inc. 1,020 65,851 Trinity Industries, Inc. 702 24,710 ------------ Total Miscellaneous Manufacturing 1,144,965 ------------ Office Furnishings--0.2% Herman Miller, Inc. 939 34,142 HNI Corp. 1,136 50,450 ------------ Total Office Furnishings 84,592 ------------ Office/Business Equipment--0.1% IKON Office Solutions, Inc. 1,763 28,860 ------------ See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Oil & Gas--0.8% Cabot Oil & Gas Corp. 200 $ 12,130 Cimarex Energy Co. 576 21,024 Frontier Oil Corp. 588 16,899 Helmerich & Payne, Inc. 1,105 27,039 Holly Corp. 536 27,550 Patterson-UTI Energy, Inc. 2,649 61,536 Pioneer Natural Resources Co. 1,126 44,691 Pogo Producing Co. 476 23,057 Range Resources Corp. 533 14,636 Rowan Cos., Inc. 1,869 62,052 St. Mary Land & Exploration Co. 187 6,889 Tesoro Corp. 617 40,580 W&T Offshore, Inc. 447 13,732 Western Refining, Inc. 541 13,774 ------------ Total Oil & Gas 385,589 ------------ Oil & Gas Services--0.1% Tidewater, Inc. 996 48,167 ------------ Packaging & Containers--1.2% Ball Corp. 1,462 63,743 Bemis Co. 3,559 120,935 Packaging Corp. of America 6,778 149,794 Sealed Air Corp. 1,218 79,073 Silgan Holdings, Inc. 582 25,561 Sonoco Products Co. 3,931 149,614 ------------ Total Packaging & Containers 588,720 ------------ Pharmaceuticals--0.2% Medicis Pharmaceutical Corp. Class A 269 9,450 Mylan Laboratories, Inc. 3,713 74,111 Omnicare, Inc. 412 15,916 ------------ Total Pharmaceuticals 99,477 ------------ Pipelines--1.3% Equitable Resources, Inc. 3,711 154,934 National Fuel Gas Co. 4,003 154,276 ONEOK, Inc. 4,834 208,442 Questar Corp. 1,418 117,765 ------------ Total Pipelines 635,417 ------------ Real Estate--0.3% Forest City Enterprises, Inc. Class A 549 32,062 Jones Lang LaSalle, Inc. 439 40,463 St. Joe Co. (The) 1,302 69,747 ------------ Total Real Estate 142,272 ------------ REITS--21.2% Alexandria Real Estate Equities, Inc. 1,268 127,307 AMB Property Corp. 4,049 237,312 Apartment Investment & Management Co. Class A 6,011 336,736 BioMed Realty Trust, Inc. 3,768 107,765 Brandywine Realty Trust 6,660 221,445 BRE Properties, Inc. Class A 2,428 157,869 Camden Property Trust 2,825 208,626 CBL & Associates Properties, Inc. 4,548 197,156 Colonial Properties Trust 3,819 179,035 Corporate Office Properties Trust 1,580 79,743 Cousins Properties, Inc. 3,147 110,995 Crescent Real Estate Equities Co. 10,529 207,948 Developers Diversified Realty Corp. 5,921 372,727 See Notes to Schedule of Investments. 8 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Digital Realty Trust, Inc. 2,158 $ 73,868 Duke Realty Corp. 8,917 364,705 Equity One, Inc. 4,787 127,621 Essex Property Trust, Inc. 902 116,584 Federal Realty Investment Trust 2,251 191,335 First Industrial Realty Trust, Inc. 3,785 177,479 Global Signal, Inc. 4,006 210,996 Health Care Property Investors, Inc. 13,971 514,411 Health Care REIT, Inc. (a) 5,799 249,473 Healthcare Realty Trust, Inc. 4,693 185,561 Highwoods Properties, Inc. 3,527 143,761 Home Properties, Inc. 2,101 124,526 Hospitality Properties Trust 6,599 313,650 HRPT Properties Trust 20,693 255,559 iStar Financial, Inc. 12,282 587,324 Kilroy Realty Corp. 1,273 99,294 Kimco Realty Corp. 28 1,259 LaSalle Hotel Properties 2,240 102,704 Liberty Property Trust 6,590 323,833 Macerich Co. (The) 3,602 311,825 Mack-Cali Realty Corp. 4,432 226,032 Maguire Properties, Inc. 2,685 107,400 Nationwide Health Properties, Inc. 6,674 201,688 New Plan Excel Realty Trust, Inc. 6,749 185,463 Post Properties, Inc. 2,528 115,530 Potlatch Corp. 2,727 119,497 Rayonier, Inc. 5,134 210,751 Realty Income Corp. 8,173 226,392 Reckson Associates Realty Corp. 4,457 203,239 Regency Centers Corp. 3,149 246,157 Senior Housing Properties Trust 6,947 170,063 SL Green Realty Corp. 1,328 176,332 Strategic Hotels & Resorts, Inc. 4,778 104,113 Taubman Centers, Inc. 1,995 101,466 United Dominion Realty Trust, Inc. 7,422 235,945 Ventas, Inc. 6,403 270,975 Washington Real Estate Investment Trust 2,595 103,800 Weingarten Realty Investors 4,954 228,429 ------------ Total REITS 10,253,704 ------------ Retail--3.2% Abercrombie & Fitch Co. Class A 1,359 94,627 Advance Auto Parts, Inc. 1,047 37,231 American Eagle Outfitters, Inc. 3,361 104,898 Applebee's International, Inc. 854 21,068 Barnes & Noble, Inc. 1,488 59,088 bebe stores, inc. 1,394 27,587 Brinker International, Inc. 2,157 65,055 Circuit City Stores, Inc. 1,621 30,767 Claire's Stores, Inc. 1,617 53,587 Darden Restaurants, Inc. 2,494 100,184 Dillard's, Inc. Class A 468 16,366 Dollar General Corp. 5,958 95,685 Domino's Pizza, Inc. 1,589 44,492 Family Dollar Stores, Inc. 3,440 100,896 Foot Locker, Inc. 4,979 109,190 Men's Wearhouse, Inc. (The) 408 15,610 MSC Industrial Direct Co. Class A 1,015 39,737 OfficeMax, Inc. 1,460 72,489 OSI Restaurant Partners, Inc. 1,537 60,250 PetSmart, Inc. 854 24,646 RadioShack Corp. 2,815 47,236 Regis Corp. 289 11,427 Ross Stores, Inc. 1,657 48,550 Tiffany & Co. 2,127 83,463 United Auto Group, Inc. 1,708 40,258 Wendy's International, Inc. 1,818 60,158 See Notes to Schedule of Investments. 9 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Williams-Sonoma, Inc. 2,177 $ 68,445 ------------ Total Retail 1,532,990 ------------ Savings & Loans--3.0% Astoria Financial Corp. 4,728 142,596 Capitol Federal Financial (a) 5,888 226,217 Downey Financial Corp. 273 19,814 Hudson City Bancorp, Inc. 19,132 265,552 New York Community Bancorp, Inc. 27,089 436,134 NewAlliance Bancshares, Inc. 2,361 38,720 People's Bank 4,839 215,916 Washington Federal, Inc. 4,534 106,685 ------------ Total Savings & Loans 1,451,634 ------------ Semiconductors--0.7% Intersil Corp. Class A 1,964 46,979 Microchip Technology, Inc. 9,479 309,963 ------------ Total Semiconductors 356,942 ------------ Software--0.6% Acxiom Corp. 1,160 29,754 Fair Isaac Corp. 187 7,602 Fidelity National Information Services, Inc. 1,471 58,972 Global Payments, Inc. 170 7,871 IMS Health, Inc. 1,299 35,697 MoneyGram International, Inc. 793 24,868 SEI Investments Co. 630 37,523 Total System Services, Inc. 3,120 82,337 ------------ Total Software 284,624 ------------ Telecommunications--2.9% CenturyTel, Inc. 1,041 45,450 Citizens Communications Co. 33,798 485,677 Harris Corp. 2,048 93,921 Telephone & Data Systems, Inc. 553 30,044 Telephone & Data Systems, Inc. Special Shares 690 34,224 Windstream Corp. 51,246 728,719 ------------ Total Telecommunications 1,418,035 ------------ Textiles--0.2% Cintas Corp. 2,070 82,200 ------------ Toys/Games/Hobbies--0.2% Hasbro, Inc. 4,164 113,469 ------------ Transportation--0.8% Alexander & Baldwin, Inc. 1,437 63,717 Con-way, Inc. 634 27,921 Florida East Coast Industries, Inc. 234 13,946 JB Hunt Transport Services, Inc. 2,954 61,355 Laidlaw International, Inc. 2,736 83,256 Landstar System, Inc. 187 7,140 Overseas Shipholding Group, Inc. 1,020 57,426 Ryder System, Inc. 1,311 66,940 ------------ Total Transportation 381,701 ------------ Trucking & Leasing--0.1% GATX Corp. 1,453 62,958 ------------ See Notes to Schedule of Investments. 10 Schedule of Investments (unaudited) (continued) WisdomTree MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Water--0.2% Aqua America Inc. 3,744 $ 85,288 ------------ TOTAL COMMON STOCKS (Cost: $46,139,394) 48,138,113 ------------ SHORT-TERM INVESTMENT--0.7% MONEY MARKET FUND--0.7% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $343,844) 343,844 343,844 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--2.1% MONEY MARKET FUNDS (c) --2.1% AIM Prime Portfolio, 5.21% 15,805 15,805 UBS Enhanced Yield Portfolio, 5.23% 504,538 504,538 UBS Private Money Market Fund LLC, 5.21% 478,057 478,057 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $998,400) (d) 998,400 ------------ TOTAL INVESTMENTS IN SECURITIES--102.5% (Cost: $47,481,638) (e) 49,480,357 Liabilities in Excess of Other Assets --(2.5)% (1,199,580) ------------ NET ASSETS--100.0% $ 48,280,777 ============ * Non-income producing security. (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $962,486 and the total market value of the collateral held by the Fund was $998,400. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 11 WisdomTree MidCap Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 46.6% Utilities 13.0% Industrial 9.4% Consumer Non-Cyclical 8.3% Consumer Cyclical 7.9% Basic Materials 5.9% Communications 4.3% Energy 2.5% Technology 1.7% Diversified 0.1% Short-Term Investment 0.7% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.5% Advertising--0.1% Catalina Marketing Corp. 3,316 $ 91,190 ------------ Aerospace/Defense--0.3% Curtiss-Wright Corp. 1,644 60,960 EDO Corp. 588 13,959 HEICO Corp. 120 4,660 HEICO Corp. Class A 192 6,255 Kaman Corp. 2,898 64,886 Triumph Group, Inc. 263 13,789 United Industrial Corp. 543 27,557 ------------ Total Aerospace/Defense 192,066 ------------ Agriculture--1.4% Alico, Inc. 810 41,010 Andersons, Inc. (The) 468 19,839 Delta & Pine Land Co. 3,449 139,512 Universal Corp. 5,496 269,359 Vector Group Ltd. (a) 27,356 485,569 ------------ Total Agriculture 955,289 ------------ Airlines--0.1% Skywest, Inc. 1,635 41,709 ------------ Apparel--0.6% Cherokee, Inc. 3,594 154,219 Cutter & Buck, Inc. 1,659 17,867 Delta Apparel, Inc. 654 11,177 Kellwood Co. 2,938 95,544 K-Swiss, Inc. Class A 980 30,125 Oxford Industries, Inc. 1,249 62,013 Stride Rite Corp. 2,901 43,747 Weyco Group, Inc. 748 18,588 ------------ Total Apparel 433,280 ------------ Auto Manufacturers--0.1% Wabash National Corp. 2,110 31,861 ------------ Auto Parts & Equipment--1.4% American Axle & Manufacturing Holdings, Inc. 9,515 180,690 ArvinMeritor, Inc. 9,278 169,138 Bandag, Inc. 1,572 79,276 Bandag, Inc. Class A 1,991 99,470 Cooper Tire & Rubber Co. 10,840 155,012 Modine Manufacturing Co. 5,176 129,555 Noble International Ltd. 1,314 26,346 Spartan Motors, Inc. 1,025 15,560 Standard Motor Products, Inc. 2,764 41,405 Superior Industries International, Inc. 4,823 92,939 Titan International, Inc. 96 1,934 ------------ Total Auto Parts & Equipment 991,325 ------------ Banks--18.7% 1st Source Corp. 2,354 75,634 1st State Bancorp., Inc. 1,217 30,121 Alabama National Bancorp 2,581 177,392 Alliance Financial Corp. 761 24,245 AMCORE Financial, Inc. 3,111 101,636 American River Bankshares 796 19,096 Americanwest Bancorp 459 11,117 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Ameris Bancorp 1,470 $ 41,425 Arrow Financial Corp. 2,304 57,070 BancFirst Corp. 1,223 66,042 Bancorp Rhode Island, Inc. 383 16,565 BancTrust Financial Group, Inc. 1,460 37,259 Bank Mutual Corp. 8,329 100,864 Bank of Granite Corp. 2,394 45,414 Bank of the Ozarks, Inc. 1,173 38,779 Banner Corp. 1,162 51,523 Beverly Hills Bancorp, Inc. 6,038 50,055 Boston Private Financial Holdings, Inc. 2,382 67,196 Bryn Mawr Bank Corp. 1,035 24,467 Cadence Financial Corp. 3,091 66,982 Camden National Corp. 740 34,129 Capital City Bank Group, Inc. 2,120 74,836 Capital Corp of the West 589 18,901 Capitol Bancorp Ltd. 2,098 96,928 Cardinal Financial Corp. 336 3,444 Cass Information Systems, Inc. 556 20,116 Center Bancorp, Inc. 1,605 25,391 Center Financial Corp. 617 14,789 Centerstate Banks of Florida, Inc. 500 10,450 Central Pacific Financial Corp. 4,203 162,908 Chemical Financial Corp. 4,747 158,075 Chittenden Corp. 6,835 209,766 Citizens Banking Corp. (a) 10,367 274,726 City Holding Co. 2,808 114,819 CoBiz, Inc. 1,257 27,704 Columbia Bancorp 849 22,456 Columbia Banking System, Inc. 1,590 55,841 Community Bank System, Inc. 5,565 127,995 Community Banks, Inc. 3,974 110,318 Community Trust Bancorp, Inc. 2,376 98,675 Corus Bankshares, Inc. (a) 14,043 323,971 CVB Financial Corp. 10,458 151,223 Enterprise Financial Services Corp. 363 11,827 Financial Institutions, Inc. 912 21,022 First Bancorp 2,894 63,205 First Busey Corp. 3,318 76,480 First Charter Corp. 6,180 152,028 First Commonwealth Financial Corp. 20,336 273,112 First Community Bancorp 3,898 203,748 First Community Bancshares, Inc. 1,744 68,993 First Financial Bancorp 8,493 141,069 First Financial Bankshares, Inc. 3,340 139,812 First Financial Corp. 1,942 68,844 First Indiana Corp. 2,996 75,979 First Merchants Corp. 3,547 96,443 First Mutual Bancshares, Inc. 551 12,772 First Republic Bank 2,575 100,631 First Security Group, Inc. 1,675 19,313 First South Bancorp, Inc. 1,356 43,243 Firstbank Corp. 1,398 29,735 FNB Corp./PA 17,681 323,031 FNB Corp./VA 944 39,223 FNB United Corp. 2,070 37,964 Fremont General Corp. 12,367 200,469 Frontier Financial Corp. 5,095 148,927 Gateway Financial Holdings, Inc. 697 9,988 GB&T Bancshares, Inc. 1,413 31,326 German American Bancorp 2,176 31,269 Glacier Bancorp, Inc. 5,625 137,475 Great Southern Bancorp, Inc. 1,628 48,042 Greater Bay Bancorp 6,972 183,573 Greene County Bancshares, Inc. 744 29,559 Hanmi Financial Corp. 3,094 69,708 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Harleysville National Corp. 6,363 $ 122,870 Heartland Financial USA, Inc. 1,205 34,764 Heritage Commerce Corp. 629 16,757 Home Bancshares, Inc. 457 10,986 Horizon Financial Corp. 1,348 32,433 IBERIABANK Corp. 1,231 72,691 Independent Bank Corp./MA 1,594 57,432 Independent Bank Corp./MI 4,317 109,177 Integra Bank Corp. 2,509 69,048 Interchange Financial Services Corp. 1,577 36,255 Irwin Financial Corp. 3,335 75,471 ITLA Capital Corp. 383 22,180 Lakeland Bancorp, Inc. 3,066 45,683 Lakeland Financial Corp. 1,347 34,389 Macatawa Bank Corp. 1,984 42,180 MainSource Financial Group, Inc. 3,206 54,309 MB Financial, Inc. 4,092 153,900 MBT Financial Corp. 4,397 67,362 Mercantile Bank Corp. 666 25,108 Merchants Bancshares, Inc. 1,598 36,754 MetroCorp Bancshares, Inc. 449 9,447 Mid-State Bancshares 2,475 90,065 Midwest Banc Holdings, Inc. 3,051 72,461 Nara Bancorp, Inc. 758 15,857 National Penn Bancshares, Inc. (a) 8,747 177,127 NBT Bancorp Inc. 6,014 153,417 North Bay Bancorp 185 5,254 North Valley Bancorp 847 15,653 Northrim BanCorp, Inc. 601 15,987 Oak Hill Financial, Inc. 835 23,397 Old National Bancorp 16,812 318,082 Old Second Bancorp, Inc. 1,360 39,848 Omega Financial Corp. 2,679 85,514 PAB Bankshares, Inc. 1,296 27,696 Pacific Capital Bancorp 7,182 241,172 Pacific Continental Corp. 960 18,509 Park National Corp. 2,919 288,981 Patriot National Bancorp, Inc. 198 5,198 Peoples Bancorp, Inc. 1,745 51,827 Placer Sierra Bancshares 3,367 80,034 Preferred Bank 550 33,050 PrivateBancorp, Inc. 472 19,649 Prosperity Bancshares, Inc. 2,415 83,342 Provident Bankshares Corp. 6,092 216,875 Renasant Corp. 1,850 56,666 Republic Bancorp, Inc. 13,383 180,135 Republic Bancorp, Inc. Class A 1,556 39,040 Royal Bancshares of Pennsylvania, Inc. Class A 2,919 76,711 S&T Bancorp, Inc. 4,846 168,011 S.Y. Bancorp, Inc. 1,842 51,576 Sandy Spring Bancorp, Inc. 1,933 73,802 SCBT Financial Corp. 877 36,597 Seacoast Banking Corp. of Florida 2,793 69,266 Security Bank Corp. 1,277 29,141 Sierra Bancorp 1,106 32,450 Simmons First National Corp. Class A 1,777 56,064 Southern Community Financial Corp. 1,080 10,908 Southside Bancshares, Inc. 1,205 31,005 Southwest Bancorp, Inc. 1,008 28,083 State Bancorp, Inc. 2,056 39,187 State National Bancshares, Inc. 451 17,359 Sterling Bancorp 4,254 83,804 Sterling Bancshares, Inc. 6,022 78,406 Sterling Financial Corp./PA 4,259 100,811 Sterling Financial Corp./WA 1,847 62,447 Suffolk Bancorp 1,398 53,306 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Summit Bank Corp. 671 $ 16,299 Susquehanna Bancshares, Inc. 10,647 286,191 Taylor Capital Group, Inc. 507 18,561 Texas United Bancshares, Inc. 648 22,252 TIB Financial Corp. 864 15,111 Tompkins Trustco, Inc. 1,447 65,766 Trico Bancshares 1,677 45,631 TrustCo Bank Corp. 23,721 263,778 UCBH Holdings, Inc. 3,619 63,550 UMB Financial Corp. 3,406 124,353 Union Bankshares Corp. 1,621 49,586 United Bankshares, Inc. 6,726 259,960 United Community Banks, Inc. 2,241 72,429 United Security Bancshares (a) 1,080 26,028 Univest Corp. of Pennsylvania 1,840 56,083 USB Holding Co., Inc. 3,037 73,192 Vineyard National Bancorp 973 22,398 Virginia Financial Group, Inc. 1,501 42,013 Washington Banking Co 640 10,810 Washington Trust Bancorp, Inc. 2,079 57,983 WesBanco, Inc. 4,020 134,791 West Bancorp, Inc. 3,432 61,021 West Coast Bancorp 1,218 42,192 Westamerica Bancorp 4,757 240,847 Westbank Corp. 25 620 Wilshire Bancorp, Inc. 1,745 33,103 Wintrust Financial Corp. 914 43,890 Yardville National Bancorp 834 31,458 ------------ Total Banks 12,892,015 ------------ Beverages--0.1% Coca-Cola Bottling Co. Consolidated 602 41,195 Farmer Bros. Co. 1,975 42,166 ------------ Total Beverages 83,361 ------------ Biotechnology--0.0% Cambrex Corp. 792 17,994 ------------ Building Materials--0.5% AAON, Inc. 984 25,861 Apogee Enterprises, Inc. 2,352 45,417 Comfort Systems USA, Inc. 2,398 30,311 ElkCorp 698 28,681 International Aluminum Corp. 650 31,688 LSI Industries Inc. 3,627 71,995 Simpson Manufacturing Co., Inc. 2,849 90,170 Universal Forest Products, Inc. 311 14,499 ------------ Total Building Materials 338,622 ------------ Chemicals--2.5% A. Schulman, Inc. 3,911 87,020 Aceto Corp. 2,368 20,460 American Vanguard Corp. 552 8,777 Arch Chemicals, Inc. 3,317 110,489 Balchem Corp. 228 5,855 CF Industries Holdings, Inc. 1,010 25,896 Ferro Corp. 6,642 137,423 Georgia Gulf Corp. 2,977 57,486 H.B. Fuller Co. 3,190 82,366 MacDermid, Inc. 1,240 42,284 Minerals Technologies, Inc. 387 22,752 NewMarket Corp. 783 46,236 NL Industries, Inc. (a) 12,246 126,624 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Olin Corp. 19,642 $ 324,485 Penford Corp. 624 10,795 Quaker Chemical Corp. 2,351 51,887 Sensient Technologies Corp. 7,048 173,381 Spartech Corp. 2,968 77,821 Stepan Co. 1,432 45,351 Tronox, Inc. Class A (a) 1,351 21,602 Tronox, Inc. Class B 1,656 26,148 UAP Holding Corp. 9,054 227,980 Wellman, Inc. 3,135 10,001 ------------ Total Chemicals 1,743,119 ------------ Commercial Services--3.4% Aaron Rents, Inc. 593 17,067 ABM Industries, Inc. 5,853 132,922 Administaff, Inc. 1,317 56,328 Advance America, Cash Advance Centers, Inc. 13,810 202,317 Arbitron, Inc. 1,519 65,985 Banta Corp. 2,842 103,449 Bowne & Co., Inc. 2,185 34,829 Cadmus Communications Corp. 886 21,636 CDI Corp. 1,879 46,787 Central Parking Corp. 552 9,936 Chemed Corp. 928 34,317 Clark, Inc. 1,372 22,816 Coinmach Service Corp. Class A 13,212 157,223 Collectors Universe, Inc. 1,092 14,633 CPI Corp. 576 26,778 Deluxe Corp. 11,702 294,890 Diamond Management & Technology Consultants, Inc. 4,642 57,746 Gevity HR, Inc. 2,342 55,482 Healthcare Services Group, Inc. 3,165 91,658 Heartland Payment Systems, Inc. 704 19,888 Jackson Hewitt Tax Service, Inc. 2,506 85,129 Kelly Services, Inc. Class A 3,105 89,859 Landauer, Inc. 1,784 93,606 MAXIMUS, Inc. 1,632 50,233 McGrath RentCorp 2,878 88,153 Monro Muffler, Inc. 576 20,218 Multi-Color Corp. 192 6,307 Pre-Paid Legal Services, Inc. (a) 2,370 92,738 Rollins, Inc. 4,271 94,432 Startek, Inc. 5,952 80,590 Stewart Enterprises, Inc. Class A 8,774 54,838 Strayer Education, Inc. 925 98,096 Thomas Group, Inc. 1,351 20,319 Viad Corp. 568 23,061 ------------ Total Commercial Services 2,364,266 ------------ Computers--0.4% Agilysys, Inc. 1,467 24,558 Imation Corp. 2,352 109,204 Integral Systems, Inc. 593 13,740 MTS Systems Corp. 1,162 44,876 Syntel, Inc. 1,904 51,027 TALX Corp. 1,383 37,963 ------------ Total Computers 281,368 ------------ Cosmetics/Personal Care--0.0% Inter Parfums, Inc. 792 15,198 ------------ See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Distribution/Wholesale--0.6% BlueLinx Holdings, Inc. 7,877 $ 81,921 Building Material Holding Corp. 2,602 64,243 Handleman Co. 3,970 26,877 Owens & Minor, Inc. 4,347 135,931 Watsco, Inc. 2,627 123,889 ------------ Total Distribution/Wholesale 432,861 ------------ Diversified Financial Services--1.8% Advanta Corp. Class A 1,079 42,955 Advanta Corp. Class B 2,475 107,984 Asta Funding, Inc. 431 13,120 Calamos Asset Management, Inc. Class A 1,676 44,967 Cohen & Steers, Inc. 2,833 113,802 Delta Financial Corp. 2,566 25,994 Federal Agricultural Mortgage Corp. Class C 746 20,239 Financial Federal Corp. 2,191 64,437 Friedman, Billings, Ramsey Group, Inc. Class A 23,170 185,360 GAMCO Investors, Inc. Class A 137 5,269 Municipal Mortgage & Equity LLC 15,438 497,103 Sanders Morris Harris Group, Inc. 1,877 23,969 SWS Group, Inc. 1,397 49,873 Westwood Holdings Group, Inc. 935 21,533 ------------ Total Diversified Financial Services 1,216,605 ------------ Electric--3.7% ALLETE, Inc. 5,391 250,897 Avista Corp. 5,994 151,708 Black Hills Corp. 6,901 254,923 Central Vermont Public Service Corp. 2,537 59,746 CH Energy Group, Inc. 3,623 191,294 Cleco Corp. 11,290 284,848 Empire District Electric Co. (The) 8,975 221,593 Green Mountain Power Corp. 960 32,534 MGE Energy, Inc. 4,696 171,780 NorthWestern Corp. 7,038 249,004 Ormat Technologies, Inc. 851 31,334 Otter Tail Corp. 6,168 192,195 UIL Holdings Corp. 5,625 237,319 UniSource Energy Corp. 4,544 165,992 Unitil Corp. 1,623 41,143 ------------ Total Electric 2,536,310 ------------ Electrical Components & Equipment--0.1% Hubbell, Inc. Class A 1,325 58,963 Insteel Industries, Inc. 604 10,745 Vicor Corp. 1,992 22,131 ------------ Total Electrical Components & Equipment 91,839 ------------ Electronics--0.7% Analogic Corp. 585 32,842 Badger Meter, Inc. 1,050 29,085 Bel Fuse, Inc. Class B 240 8,350 CTS Corp. 1,518 23,833 Cubic Corp. 1,194 25,910 Daktronics, Inc. 343 12,640 Frequency Electronics, Inc. 576 6,883 Keithley Instruments, Inc. 648 8,521 Methode Electronics, Inc. 3,745 40,558 Park Electrochemical Corp. 1,196 30,677 Sypris Solutions, Inc. 1,104 7,673 Technitrol, Inc. 3,031 72,410 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Watts Water Technologies, Inc. Class A 1,533 $ 63,022 Woodward Governor Co. 1,991 79,062 X-Rite, Inc. 1,203 14,797 ------------ Total Electronics 456,263 ------------ Energy-Alternate Sources--0.0% MGP Ingredients, Inc. 933 21,095 ------------ Entertainment--0.9% Carmike Cinemas, Inc. 683 13,926 Churchill Downs, Inc. 1,005 42,954 Dover Downs Gaming & Entertainment, Inc. 1,143 15,282 Regal Entertainment Group Class A 24,831 529,397 ------------ Total Entertainment 601,559 ------------ Environmental Control--0.7% American Ecology Corp. 3,019 55,882 Metal Management, Inc. 1,292 48,902 Met-Pro Corp. 1,008 14,959 Mine Safety Appliances Co. 4,137 151,621 Synagro Technologies, Inc. 38,104 168,419 Waste Industries USA, Inc. 1,019 31,100 ------------ Total Environmental Control 470,883 ------------ Food--1.2% Arden Group, Inc. Class A 144 17,829 Cal-Maine Foods, Inc. 644 5,526 Diamond Foods, Inc. 629 11,957 Imperial Sugar Co. 752 18,206 Ingles Markets, Inc. Class A 1,544 45,996 J&J Snack Foods Corp. 923 38,212 Lance, Inc. 5,730 115,058 Nash Finch Co. 2,026 55,310 Premium Standard Farms, Inc. 2,335 43,361 Ruddick Corp. 4,264 118,326 Sanderson Farms, Inc. 2,032 61,549 Spartan Stores, Inc. 1,025 21,453 Tootsie Roll Industries, Inc. 1,925 62,948 Village Super Market, Inc. Class A 140 11,969 Weis Markets, Inc. 4,453 178,609 ------------ Total Food 806,309 ------------ Forest Products & Paper--1.3% Bowater, Inc. (a) 11,553 259,942 Deltic Timber Corp. 455 25,380 Neenah Paper, Inc. 934 32,989 P.H. Glatfelter Co. 6,028 93,434 Rock-Tenn Co. Class A 3,091 83,797 Schweitzer-Mauduit International, Inc. 2,050 53,403 Wausau Paper Corp. 6,519 97,720 Xerium Technologies, Inc. 21,669 212,139 ------------ Total Forest Products & Paper 858,804 ------------ Gas--1.6% Cascade Natural Gas Corp. 2,453 63,582 Chesapeake Utilities Corp. 1,408 43,155 EnergySouth, Inc. 1,088 43,629 Laclede Group, Inc. (The) 4,632 162,259 New Jersey Resources Corp. 4,561 221,573 Northwest Natural Gas Co. 5,417 229,897 South Jersey Industries, Inc. 4,141 138,351 See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Southwest Gas Corp. 5,123 $ 196,570 ------------ Total Gas 1,099,016 ------------ Hand/Machine Tools--0.4% Baldor Electric Co. 3,618 120,913 Franklin Electric Co., Inc. 1,084 55,707 Regal-Beloit Corp. 1,963 103,077 ------------ Total Hand/Machine Tools 279,697 ------------ Healthcare-Products--0.9% Arrow International, Inc. 4,890 173,007 Datascope Corp. 785 28,605 Invacare Corp. 456 11,195 LCA-Vision Inc. (a) 2,489 85,522 Meridian Bioscience, Inc. 2,751 67,482 Oakley, Inc. 3,364 67,482 PolyMedica Corp. 1,995 80,618 Vital Signs, Inc. 479 23,912 West Pharmaceutical Services, Inc. 1,959 100,360 Young Innovations, Inc. 192 6,394 ------------ Total Healthcare-Products 644,577 ------------ Healthcare-Services--0.1% National Healthcare Corp. 938 51,778 Option Care, Inc. 888 12,654 ------------ Total Healthcare-Services 64,432 ------------ Holding Companies-Diversified--0.0% Resource America, Inc. Class A 1,008 26,611 ------------ Home Builders--0.5% Brookfield Homes Corp. (a) 1,609 60,418 Coachmen Industries, Inc. 586 6,446 Lennar Corp. Class B 2,343 115,088 M/I Homes, Inc. 283 10,808 Monaco Coach Corp. 2,952 41,800 Orleans Homebuilders, Inc. 658 12,370 Skyline Corp. 883 35,514 Technical Olympic USA, Inc. 2,098 21,337 Winnebago Industries, Inc. 1,980 65,162 ------------ Total Home Builders 368,943 ------------ Home Furnishings--1.1% American Woodmark Corp. 539 22,557 Bassett Furniture Industries, Inc. 2,965 48,448 Ethan Allen Interiors, Inc. 4,121 148,809 Furniture Brands International, Inc. (a) 9,925 161,083 Kimball International, Inc. Class B 3,962 96,277 La-Z-Boy Inc. (a) 11,528 136,837 Sealy Corp. 10,325 152,294 Stanley Furniture Co., Inc. 864 18,533 ------------ Total Home Furnishings 784,838 ------------ Household Products/Wares--1.5% American Greetings Corp. Class A 4,174 99,633 Blyth, Inc. 4,807 99,745 CSS Industries, Inc. 1,028 36,360 Ennis, Inc. 3,838 93,877 John H. Harland Co. 2,398 120,380 Standard Register Co. (The) 9,911 118,932 See Notes to Schedule of Investments. 8 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Tupperware Brands Corp. 14,041 $ 317,468 WD-40 Co. 2,575 89,790 Yankee Candle Co., Inc. 1,736 59,510 ------------ Total Household Products/Wares 1,035,695 ------------ Housewares--0.1% Libbey, Inc. 475 5,862 Lifetime Brands, Inc. 1,052 17,284 National Presto Industries, Inc. 582 34,844 ------------ Total Housewares 57,990 ------------ Insurance--3.0% 21st Century Holding Co. 776 18,430 21st Century Insurance Group 9,055 159,820 Affirmative Insurance Holdings, Inc. 408 6,638 Alfa Corp. 10,228 192,388 American Equity Investment Life Holding Co. 1,015 13,225 Baldwin & Lyons, Inc. Class B 2,740 69,980 Bristol West Holdings, Inc. 3,370 53,347 Brooke Corp. 4,486 51,589 Crawford & Co. Class B 3,955 28,872 Direct General Corp. 1,165 24,046 Donegal Group, Inc. Class A 1,857 36,379 EMC Insurance Group, Inc. 1,494 50,975 FBL Financial Group, Inc. Class A 1,924 75,190 Great American Financial Resources, Inc. 1,133 26,116 Harleysville Group, Inc. 3,788 131,898 Hilb Rogal & Hobbs Co. 2,342 98,645 Horace Mann Educators Corp. 5,073 102,475 Independence Holding Co. 159 3,471 Infinity Property & Casualty Corp. 771 37,309 LandAmerica Financial Group, Inc. 1,503 94,854 Mercer Insurance Group, Inc. 272 5,484 Midland Co. (The) 569 23,870 National Interstate Corp. 652 15,844 NYMAGIC, Inc. 483 17,678 Presidential Life Corp. 2,926 64,226 ProCentury Corp. 644 11,914 RLI Corp. 2,057 116,056 Safety Insurance Group, Inc. 1,703 86,359 Selective Insurance Group, Inc. 2,579 147,750 State Auto Financial Corp. 2,734 94,952 Stewart Information Services Corp. 1,839 79,739 Tower Group, Inc. 421 13,080 United Fire & Casualty Co. 2,344 82,626 ------------ Total Insurance 2,035,225 ------------ Internet--0.4% TheStreet.com, Inc. 1,111 9,888 United Online, Inc. 21,842 290,062 ------------ Total Internet 299,950 ------------ Investment Companies--2.8% Ares Capital Corp. (a) 22,893 437,485 Capital Southwest Corp. 161 20,325 Gladstone Capital Corp. (a) 4,477 106,821 Gladstone Investment Corp. 5,292 81,021 Hercules Technology Growth Capital, Inc. 7,899 112,561 MCG Capital Corp. 28,175 572,515 Medallion Financial Corp. 5,819 71,981 MVC Capital, Inc. 3,550 47,428 NGP Capital Resources Co. 5,898 98,792 See Notes to Schedule of Investments. 9 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Patriot Capital Funding, Inc. 7,552 $ 109,428 Prospect Energy Corp. 6,359 108,930 Technology Investment Capital Corp. 9,288 149,908 ------------ Total Investment Companies 1,917,195 ------------ Iron/Steel--0.3% Gibraltar Industries, Inc. 1,506 35,406 Great Northern Iron Ore Properties 870 103,913 Olympic Steel, Inc. 192 4,268 Ryerson, Inc. 1,352 33,922 Schnitzer Steel Industries, Inc. Class A 297 11,791 Steel Technologies, Inc. 1,338 23,482 ------------ Total Iron/Steel 212,782 ------------ Leisure Time--0.5% Ambassadors Group, Inc. 1,873 56,846 Ambassadors International, Inc. 634 28,923 Arctic Cat Inc. 1,277 22,462 Callaway Golf Co. 7,715 111,173 Marine Products Corp. 3,747 43,990 Nautilus, Inc. 4,505 63,070 ------------ Total Leisure Time 326,464 ------------ Lodging--0.1% Marcus Corp. 1,364 34,891 ------------ Machinery-Construction & Mining--0.1% Bucyrus International, Inc. Class A 870 45,031 ------------ Machinery-Diversified--1.4% Alamo Group, Inc. 480 11,261 Albany International Corp. Class A 1,840 60,554 Applied Industrial Technologies, Inc. 4,055 106,687 Briggs & Stratton Corp. 9,029 243,331 Cascade Corp. 888 46,975 Cognex Corp. 3,438 81,893 Gorman-Rupp Co. (The) 983 36,342 Lindsay Manufacturing Co. 480 15,672 NACCO Industries, Inc. Class A 514 70,212 Robbins & Myers, Inc. 462 21,215 Sauer-Danfoss Inc. 5,566 179,504 Tennant Co. 1,779 51,591 Twin Disc, Inc. 384 13,632 Wabtec Corp. 328 9,965 ------------ Total Machinery-Diversified 948,834 ------------ Media--3.1% Belo Corp. Class A 13,554 248,987 Citadel Broadcasting Corp. 48,702 485,072 Courier Corp. 1,285 50,076 Entercom Communications Corp. 10,201 287,464 Gray Television, Inc. 4,500 32,985 Hearst-Argyle Television, Inc. 3,125 79,688 Journal Communications, Inc. Class A 5,810 73,264 Journal Register Co. 1,957 14,286 Lee Enterprises, Inc. 5,619 174,526 Media General, Inc. Class A 3,241 120,468 Reader's Digest Association, Inc. (The) 12,868 214,896 Sinclair Broadcast Group, Inc. Class A 13,284 139,482 Value Line, Inc. 1,140 51,813 See Notes to Schedule of Investments. 10 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Westwood One, Inc. 5,527 $ 39,021 World Wrestling Entertainment, Inc. 7,741 126,178 ------------ Total Media 2,138,206 ------------ Metal Fabricate/Hardware--0.7% A. M. Castle & Co. 828 21,073 Ampco-Pittsburgh Corp. 626 20,958 CIRCOR International, Inc. 368 13,539 Dynamic Materials Corp. 368 10,341 Empire Resources, Inc. (a) 778 8,511 Kaydon Corp. 1,932 76,778 Lawson Products, Inc. 772 35,427 Mueller Industries, Inc. 2,487 78,838 Mueller Water Products, Inc. Class A 697 10,364 NN, Inc. 2,473 30,739 Quanex Corp. 3,146 108,820 Sun Hydraulics Corp. 1,224 25,104 Valmont Industries, Inc. 991 54,991 ------------ Total Metal Fabricate/Hardware 495,483 ------------ Mining--0.5% AMCOL International Corp. 3,339 92,624 Charles & Colvard Ltd. 662 5,296 Compass Minerals International, Inc. 6,694 211,262 Royal Gold, Inc. 1,065 38,319 ------------ Total Mining 347,501 ------------ Miscellaneous Manufacturing--1.7% A.O. Smith Corp. 2,494 93,675 Actuant Corp. Class A 218 10,388 American Railcar Industries, Inc. 427 14,535 Ameron International Corp. 542 41,393 Barnes Group, Inc. 6,912 150,336 Federal Signal Corp. 3,921 62,893 Freightcar America, Inc. 314 17,411 Koppers Holdings Inc. 3,543 92,366 Lancaster Colony Corp. 4,505 199,617 Matthews International Corp. Class A 1,006 39,586 Myers Industries, Inc. 2,388 37,396 Portec Rail Products, Inc. 1,150 11,615 PW Eagle, Inc. (a) 576 19,872 Quixote Corp. 1,090 21,440 Raven Industries, Inc. 1,287 34,492 Reddy Ice Holdings, Inc. 7,971 205,810 Standex International Corp. 1,956 58,934 Tredegar, Corp. 1,813 40,992 ------------ Total Miscellaneous Manufacturing 1,152,751 ------------ Office Furnishings--0.5% Knoll, Inc. 5,250 115,500 Steelcase Inc. Class A 11,971 217,393 ------------ Total Office Furnishings 332,893 ------------ Oil & Gas--0.6% Adams Resources & Energy, Inc. 302 9,090 Alon USA Energy, Inc. 1,446 38,044 Barnwell Industries, Inc. 336 8,047 Berry Petroleum Co. Class A 2,137 66,268 Crosstex Energy, Inc. 6,734 213,401 Delek US Holdings, Inc. 2,408 39,467 Panhandle Royalty Co. Class A 264 4,963 See Notes to Schedule of Investments. 11 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Penn Virginia Corp. 639 $ 44,756 ------------ Total Oil & Gas 424,036 ------------ Oil & Gas Services--0.5% CARBO Ceramics, Inc. 1,788 66,818 Gulf Island Fabrication, Inc. 711 26,236 Lufkin Industries, Inc. 1,126 65,398 MarkWest Hydrocarbon, Inc. 1,876 91,079 RPC, Inc. 4,859 82,020 ------------ Total Oil & Gas Services 331,551 ------------ Packaging & Containers--0.6% Chesapeake Corp. 5,967 101,558 Greif, Inc. Class A 984 116,506 Greif, Inc. Class B 1,555 167,162 ------------ Total Packaging & Containers 385,226 ------------ Pharmaceuticals--0.3% Alpharma, Inc. Class A 1,958 47,188 Mannatech, Inc. 3,145 46,326 Perrigo Co. 5,552 96,049 Reliv' International, Inc. 1,051 9,123 ------------ Total Pharmaceuticals 198,686 ------------ Real Estate--0.3% Consolidated-Tomoka Land Co. 161 11,656 Forest City Enterprises, Inc. Class B 699 40,780 Resource Capital Corp. 8,943 151,584 Tarragon Corp. 1,140 13,874 Thomas Properties Group, Inc. 1,205 19,244 ------------ Total Real Estate 237,138 ------------ REITS--21.2% Acadia Realty Trust 5,167 129,278 Agree Realty Corp. 2,527 86,853 American Campus Communities, Inc. 5,799 165,098 American Financial Realty Trust 47,424 542,530 American First Apartment Investors, Inc. 3,365 61,580 American Land Lease, Inc. 1,747 46,313 Ashford Hospitality Trust, Inc. 25,082 312,271 Associated Estates Realty Corp. 4,545 62,448 BNP Residential Properties, Inc. 2,567 61,993 BRT Realty Trust 3,422 94,618 Capital Lease Funding, Inc. 12,545 145,522 Cedar Shopping Centers, Inc. 9,782 155,632 CentraCore Properties Trust 3,572 115,483 Cogdell Spencer Inc. 2,891 62,157 Columbia Equity Trust, Inc. 2,373 45,348 DiamondRock Hospitality Co. 17,479 314,797 Eagle Hospitality Properties Trust, Inc. 7,343 67,409 EastGroup Properties, Inc. 4,672 250,232 Education Realty Trust, Inc. 7,873 116,284 Entertainment Properties Trust 6,740 393,886 Equity Inns, Inc. 17,474 278,885 Equity Lifestyle Properties, Inc. 839 45,667 Extra Space Storage, Inc. 17,922 327,256 FelCor Lodging Trust, Inc. 15,860 346,382 Feldman Mall Properties, Inc. 6,170 77,125 First Potomac Realty Trust 5,435 158,213 Franklin Street Properties Corp. 23,610 496,991 Getty Realty Corp. 8,136 251,402 See Notes to Schedule of Investments. 12 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Gladstone Commercial Corp. 3,304 $ 66,543 Glimcher Realty Trust 14,825 395,976 GMH Communities Trust 17,029 172,844 Government Properties Trust, Inc. 4,496 47,658 Health Care REIT, Inc. 7 301 Hersha Hospitality Trust 11,175 126,725 Highland Hospitality Corp. 18,237 259,877 Inland Real Estate Corp. 18,895 353,714 Innkeepers USA Trust 12,798 198,369 Investors Real Estate Trust 17,241 176,893 Kite Realty Group Trust 6,648 123,786 Lexington Corporate Properties Trust 19,719 442,100 Longview Fibre Co. 16,355 358,992 LTC Properties, Inc. 6,866 187,510 Medical Properties Trust, Inc. 16,394 250,828 Mid-America Apartment Communities, Inc. 5,608 321,002 Mission West Properties, Inc. 5,592 73,255 Monmouth REIT Class A 8,376 70,777 National Health Investors, Inc. 9,004 297,132 National Retail Properties, Inc. 18,732 429,899 Newkirk Realty Trust, Inc. 9,851 177,712 Omega Healthcare Investors, Inc. 18,577 329,184 One Liberty Properties, Inc. 2,935 73,757 Parkway Properties, Inc. 4,266 217,609 Pennsylvania Real Estate Investment Trust 11,981 471,812 PMC Commercial Trust 4,852 72,829 PS Business Parks, Inc. 1,962 138,733 Public Storage, Inc. Class A 4,456 117,059 Ramco-Gershenson Properties Trust 4,533 172,889 Republic Property Trust 10,506 121,239 Saul Centers, Inc. 2,923 161,320 Sovran Self Storage, Inc. 4,849 277,751 Spirit Finance Corp. 38,371 478,486 Sun Communities, Inc. 7,770 251,437 Sunstone Hotel Investors, Inc. 14,520 388,120 Tanger Factory Outlet Centers, Inc. 6,002 234,558 Trustreet Properties Inc. 29,736 501,052 UMH Properties, Inc. 3,692 56,746 Universal Health Realty Income Trust 3,781 147,383 Urstadt Biddle Properties, Inc. Class A 5,013 95,698 U-Store-It Trust 17,049 350,357 Winston Hotels, Inc. 7,125 94,406 Winthrop Realty Trust 12,241 83,851 ------------ Total REITS 14,579,822 ------------ Retail--4.0% Ark Restaurants Corp. 859 28,184 Asbury Automotive Group, Inc. 6,413 151,090 Big 5 Sporting Goods Corp. 1,965 47,985 Blair Corp. 875 28,656 Bob Evans Farms, Inc. 3,402 116,416 Bon-Ton Stores, Inc. (The) 212 7,346 Books-A-Million, Inc. 1,453 32,954 Borders Group, Inc. 6,099 136,313 Brown Shoe Co., Inc. 1,099 52,466 Buckle, Inc. (The) 1,854 94,276 Casey's General Stores, Inc. 2,330 54,872 Cash America International, Inc. 389 18,244 Cato Corp. (The) Class A 4,326 99,109 CBRL Group, Inc. 2,295 102,724 Christopher & Banks Corp. 2,663 49,692 CKE Restaurants, Inc. 3,299 60,702 DEB Shops, Inc. 1,573 41,527 Finish Line, Inc. (The) Class A 1,595 22,777 Fred's, Inc. 1,584 19,071 See Notes to Schedule of Investments. 13 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Group 1 Automotive, Inc. 1,489 $ 77,011 Haverty Furniture Cos., Inc. 1,950 28,860 IHOP Corp. 1,969 103,766 Kenneth Cole Productions, Inc. Class A 2,006 48,124 Landry's Restaurants, Inc. 930 27,984 Lithia Motors, Inc. Class A 1,883 54,155 Longs Drug Stores Corp. 2,866 121,461 Movado Group, Inc. 952 27,608 Nu Skin Enterprises, Inc. Class A 7,900 144,017 PEP Boys-Manny, Moe & Jack (The) 6,040 89,754 Ruby Tuesday, Inc. 6,112 167,712 Sonic Automotive, Inc. 2,850 82,764 Stage Stores, Inc. 966 29,357 Stein Mart, Inc. 3,864 51,237 Talbots, Inc. 6,457 155,614 Triarc Cos., Inc. Class A 2,475 53,807 Triarc Cos., Inc. Class B 6,523 130,460 Tuesday Morning Corp. (a) 10,698 166,354 World Fuel Services Corp. 569 25,298 ------------ Total Retail 2,749,747 ------------ Savings & Loans--4.4% Abington Community Bancorp, Inc. 1,104 21,175 American Bancorp of New Jersey, Inc. 984 11,828 Anchor Bancorp Wisconsin, Inc. 2,873 82,800 Atlantic Coast Federal Corp. 1,815 33,087 BankAtlantic Bancorp, Inc. Class A 3,919 54,121 BankFinancial Corp. 1,801 32,076 BankUnited Financial Corp. Class A 129 3,607 Benjamin Franklin Bancorp, Inc. 326 5,314 Berkshire Hills Bancorp, Inc. 860 28,776 Brookline Bancorp, Inc. 8,531 112,353 CFS Bancorp, Inc. 2,177 31,893 Charter Financial Corp. 3,915 201,701 Citizens First Bancorp, Inc. 684 21,026 Clifton Savings Bancorp, Inc. 2,705 32,974 Dime Community Bancshares 8,128 113,873 Fidelity Bankshares, Inc. 1,210 48,001 First Defiance Financial Corp. 1,253 37,966 First Federal Bancshares of Arkansas, Inc. 664 16,148 First Financial Holdings, Inc. 1,882 73,737 First Niagara Financial Group, Inc. 20,820 309,386 First Place Financial Corp. 2,461 57,809 Flagstar Bancorp, Inc. 14,149 209,971 Flushing Financial Corp. 3,040 51,893 FMS Financial Corp. 169 5,357 Heritage Financial Group 723 12,038 HMN Financial, Inc. 731 25,227 Home Federal Bancorp, Inc. 1,157 19,854 Kearny Financial Corp. 5,023 80,669 K-Fed Bancorp 1,794 33,817 KNBT Bancorp, Inc. 3,017 50,474 Legacy Bancorp, Inc. 384 6,086 MAF Bancorp, Inc. 4,186 187,072 Northwest Bancorp, Inc. 8,308 228,138 OceanFirst Financial Corp. 2,487 57,027 Pamrapo Bancorp, Inc. 990 23,206 Parkvale Financial Corp. 783 24,860 Partners Trust Financial Group, Inc. 6,138 71,446 Pennfed Financial Services, Inc. 912 17,620 PFF Bancorp, Inc. 2,827 97,560 Provident Financial Holdings, Inc. 896 27,319 Provident Financial Services, Inc. 7,887 142,991 Provident New York Bancorp 3,142 47,067 Rainier Pacific Financial Group, Inc. 456 9,042 See Notes to Schedule of Investments. 14 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Riverview Bancorp, Inc. 1,735 $ 26,372 Rockville Financial, Inc. 997 17,796 Rome Bancorp, Inc. 1,181 15,058 Synergy Financial Group, Inc. 1,068 17,601 TierOne Corp. 926 29,271 Timberland Bancorp, Inc. 396 14,696 United Community Financial Corp. 4,807 58,838 United Financial Bancorp, Inc. 1,283 17,705 Westfield Financial, Inc. 978 33,839 Willow Grove Bancorp, Inc. 2,944 43,924 WSFS Financial Corp. 215 14,390 ------------ Total Savings & Loans 3,047,875 ------------ Semiconductors--0.1% Cohu, Inc. 1,474 29,716 Richardson Electronics Ltd. 1,157 10,540 ------------ Total Semiconductors 40,256 ------------ Software--0.6% American Software, Inc. Class A 4,470 30,977 Blackbaud, Inc. 2,729 70,954 Computer Programs & Systems, Inc. 2,525 85,824 infoUSA, Inc. 5,644 67,220 Inter-Tel, Inc. 2,098 46,492 Pegasystems, Inc. 2,265 22,356 QAD, Inc. 2,056 17,250 Renaissance Learning, Inc. (a) 1,889 33,492 Schawk, Inc. 868 16,961 ------------ Total Software 391,526 ------------ Telecommunications--3.3% Adtran, Inc. 6,577 149,298 Alaska Communications Systems Group, Inc. 13,368 203,060 Applied Signal Technology, Inc. 2,078 29,217 Atlantic Tele-Network, Inc. 1,785 52,301 Black Box Corp. 592 24,858 Commonwealth Telephone Enterprises, Inc. 5,717 239,314 Consolidated Communications Holdings, Inc. 12,318 257,446 CT Communications, Inc. 2,657 60,898 D&E Communications, Inc. 2,637 33,358 FairPoint Communications, Inc. 17,130 324,614 Iowa Telecommunications Services, Inc. 15,393 303,396 North Pittsburgh Systems, Inc. 2,762 66,675 Plantronics, Inc. 2,436 51,643 Shenandoah Telecommunications Co. 428 20,120 SureWest Communications 3,282 90,386 USA Mobility, Inc. 16,442 367,807 ------------ Total Telecommunications 2,274,391 ------------ Textiles--0.1% Angelica Corp. 1,172 30,237 G&K Services, Inc. Class A 513 19,951 UniFirst Corp. 277 10,640 ------------ Total Textiles 60,828 ------------ Toys/Games/Hobbies--0.0% Topps Co., Inc. (The) 3,454 30,741 ------------ Transportation--0.7% Arkansas Best Corp. 2,310 83,160 Forward Air Corp. 1,466 42,411 See Notes to Schedule of Investments. 15 Schedule of Investments (unaudited) (continued) WisdomTree SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares Value - -------------------------------------------------------------------------------- Heartland Express, Inc. 2,738 $ 41,125 Horizon Lines, Inc. Class A 2,963 79,882 Knight Transportation, Inc. 2,098 35,771 Pacer International, Inc. 4,128 122,891 Werner Enterprises, Inc. 4,096 71,598 ------------ Total Transportation 476,838 ------------ Trucking & Leasing--0.3% Greenbrier Cos., Inc. 778 23,340 Interpool, Inc. 2,128 49,710 TAL International Group, Inc. 5,998 160,087 ------------ Total Trucking & Leasing 233,137 ------------ Water--0.6% American States Water Co. 2,394 92,456 California Water Service Group 3,389 136,917 Connecticut Water Service, Inc. 1,801 40,973 Middlesex Water Co. 2,555 47,855 SJW Corp. 1,670 64,729 Southwest Water Co. 2,194 30,189 York Water Co. 1,564 27,964 ------------ Total Water 441,083 ------------ TOTAL COMMON STOCKS (Cost: $66,020,997) 68,517,077 ------------ SHORT-TERM INVESTMENT--1.1% MONEY MARKET FUND--1.1% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $782,830) 782,830 782,830 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--3.2% MONEY MARKET FUNDS (c)--3.2% AIM Liquid Assets Portfolio, 5.21% 49,914 49,914 AIM Prime Portfolio, 5.21% 83,999 83,999 UBS Enhanced Yield Portfolio, 5.23% 1,212,649 1,212,649 UBS Private Money Market Fund LLC, 5.21% 865,638 865,638 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $2,212,200) (d) 2,212,200 ------------ TOTAL INVESTMENTS IN SECURITIES--103.8% (Cost: $69,016,027) (e) 71,512,107 Liabilities in Excess of Other Assets--(3.8)% (2,606,997) ------------ NET ASSETS--100.0% $ 68,905,110 ============ (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $2,105,414 and the total market value of the collateral held by the Fund was $2,212,200. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. WisdomTree SmallCap Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 52.1% Consumer Cyclical 10.6% Consumer Non-Cyclical 9.0% Industrial 8.1% Communications 7.0% Utilities 5.9% Basic Materials 4.6% Energy 1.1% Technology 1.0% Diversified 0.1% Short-Term Investment 1.1% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.9% Australia--8.2% Alinta Ltd. 9,743 $ 90,771 Alumina Ltd. 10,552 52,730 Amcor Ltd. 10,783 61,619 AMP Ltd. 11,990 95,450 Aristocrat Leisure Ltd. 5,257 65,883 Australia & New Zealand Banking Group Ltd. 15,141 336,662 Australian Stock Exchange Ltd. 2,243 67,447 AXA Asia Pacific Holdings Ltd. 11,850 68,090 BHP Billiton Ltd. 10,132 202,047 Billabong International Ltd. (a) 4,969 68,148 BlueScope Steel Ltd. 8,945 60,775 Brambles Industries Ltd.*(a) 4,865 49,198 Caltex Australia Ltd. 3,429 62,163 Coca-Cola Amatil Ltd. 9,803 59,959 Coles Myer Ltd. 8,121 89,614 Commonwealth Bank of Australia 11,657 454,624 Computershare Ltd. 6,661 46,727 CSL Ltd. 1,304 67,188 Foster's Group Ltd. 14,580 79,524 Harvey Norman Holdings Ltd. 17,732 53,110 Insurance Australia Group Ltd. 16,285 81,508 John Fairfax Holdings Ltd. 18,392 70,018 Leighton Holdings Ltd. 3,961 63,128 Lend Lease Corp. Ltd. 4,981 72,396 Lion Nathan Ltd. 9,069 58,329 Macquarie Bank Ltd. 1,240 77,144 National Australia Bank Ltd. 13,692 435,998 Newcrest Mining Ltd. 3,525 73,211 Orica Ltd. 3,211 61,501 Perpetual Ltd. (a) 1,044 64,357 Promina Group Ltd. 12,422 67,754 Publishing & Broadcasting Ltd. 3,878 65,259 Qantas Airways Ltd. 24,110 99,198 QBE Insurance Group Ltd. 4,201 95,529 Rinker Group Ltd. 4,193 59,654 Rio Tinto Ltd. 1,212 70,979 Santos Ltd. 6,379 49,626 Sonic Healthcare Ltd. 5,021 58,888 St.George Bank Ltd. 4,794 124,695 Suncorp-Metway Ltd. (a) 5,201 83,423 TABCORP Holdings Ltd. 5,672 75,331 Telstra Corp. Ltd. (a) 97,719 318,871 Toll Holdings Ltd. 4,774 68,748 Wesfarmers Ltd. 4,085 120,871 Westpac Banking Corp. 15,378 293,811 Woodside Petroleum Ltd. 2,831 85,038 Woolworths Ltd. 6,736 126,893 ----------- Total Australia 5,053,887 ----------- Austria--0.4% Andritz AG 28 6,066 AT&S Austria Technologie & Systemtechnik AG 128 3,840 Bank Austria Creditanstalt AG 513 81,041 BOEHLER-UDDEHOLM AG 184 12,884 Erste Bank der oesterreichischen Sparkassen AG 455 34,859 Flughafen Wien AG 92 9,026 Oesterreichische Elektrizitatswirtschafts AG Class A 260 13,858 OMV AG 431 24,433 Semperit AG Holding 92 3,411 Telekom Austria AG 889 23,797 UNIQA Versicherungen AG 136 4,500 voestalpine AG 288 16,243 Wiener Staedtische AG 164 11,505 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Wienerberger AG 316 $ 18,751 ----------- Total Austria 264,214 ----------- Belgium--2.1% Ackermans & van Haaren N.V. 176 14,621 Agfa-Gevaert N.V. 644 16,441 Almancora SCA 236 33,610 Barco N.V. 144 13,102 Bekaert S.A. 132 16,484 Belgacom S.A. 3,002 132,098 Compagnie Maritime Belge S.A. 716 30,789 Delhaize Group 284 23,649 Dexia N.V. 4,557 124,689 Euronav N.V. 584 17,435 Fortis N.V. 10,011 426,657 Gimv N.V. 170 10,630 Groep Colruyt S.A. 100 21,336 Groupe Bruxelles Lambert S.A. 419 50,306 InBev N.V. 1,072 70,595 KBC Groep N.V. 1,490 182,529 Mobistar S.A. 345 29,412 Solvay S.A. 349 53,476 UCB S.A. 435 29,799 Umicore 92 15,650 ----------- Total Belgium 1,313,308 ----------- Denmark--0.6% A/S Dampskibsselskabet TORM 451 29,518 Amagerbanken A/S 25 1,654 Bang & Olufsen A/S Class B 10 1,288 Carlsberg A/S Class B 50 4,962 Codan A/S 100 9,711 Coloplast A/S Class B 50 4,520 Danisco A/S 100 8,509 Danske Bank A/S 3,807 169,032 FLSmidth & Co. A/S 150 9,526 GN Store Nord 202 2,984 H. Lundbeck A/S 601 16,558 NKT Holding A/S 75 6,627 Novo-Nordisk A/S Class B 701 58,343 Novozymes A/S Class B 100 8,597 Sydbank A/S 150 7,164 ----------- Total Denmark 338,993 ----------- Finland--1.7% Amer Sports Oyj 604 13,285 Elisa Oyj Class A 1,008 27,581 Finnair Oyj 806 13,190 Fortum Oyj 7,521 213,823 Huhtamaki Oyj 604 11,851 KCI Konecranes Oyj 604 17,761 Kemira Oyj 806 18,100 Kesko Oyj Class B 403 21,267 Metso Oyj 403 20,321 Nokia Oyj 12,795 261,181 Nokian Renkaat Oyj 806 16,495 OKO Bank PLC Class A 1,208 20,230 Outokumpu Oyj 806 31,524 Rautaruukki Oyj 1,208 48,027 Sampo Oyj Class A 3,224 86,217 Sanoma-WSOY Oyj 1,048 29,505 Sponda Oyj 806 12,754 Stora Enso Oyj Class R 3,224 51,016 TietoEnator Oyj 403 12,988 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- UPM-Kymmene Corp. 3,224 $ 81,285 Uponor Oyj 403 15,071 Vaisala Oyj Class A 200 8,722 Wartsila Oyj Class B 403 21,687 YIT Oyj 403 11,133 ----------- Total Finland 1,065,014 ----------- France--12.5% Accor S.A. 1,478 114,404 Air France-KLM 1,556 65,433 Assurances Generales de France 929 144,676 AXA S.A. 11,205 453,164 BNP Paribas 4,521 492,728 Bouygues S.A. 1,610 103,243 Carrefour S.A. 2,937 177,920 Casino Guichard Perrachon S.A. 1,084 100,631 Christian Dior S.A. 876 93,277 Cie de Saint-Gobain S.A. 1,498 125,730 CNP Assurances S.A. 876 97,725 Compagnie Generale des Etablissements Michelin Class B 1,328 126,960 Credit Agricole S.A. 3,299 138,598 France Telecom S.A. 28,488 787,003 Gaz de France 2,415 110,981 Gecina S.A. 684 130,784 Groupe Danone 901 136,394 Hermes International 974 121,694 Lafarge S.A. 816 121,267 Lagardere SCA 1,092 87,838 L'Air Liquide S.A. 536 127,153 L'Oreal S.A. 1,779 178,052 LVMH Moet Hennessy Louis Vuitton S.A. 1,320 139,163 Natixis 3,368 94,509 PPR S.A. 716 106,878 Renault S.A. 1,433 171,956 Sanofi-Aventis 4,081 376,430 Schneider Electric S.A. 1,140 126,424 Societe Des Autoroutes Paris-Rhin-Rhone 999 79,699 Societe Generale 2,191 371,546 Sodexho Alliance S.A. 1,140 71,450 Suez S.A. 7,941 410,793 TOTAL S.A. 14,428 1,039,743 Vallourec S.A. 403 117,071 Veolia Environnement S.A. 1,462 112,587 VINCI S.A. 1,120 142,963 Vivendi S.A. 7,601 296,783 ----------- Total France 7,693,650 ----------- Germany--6.9% adidas AG 889 44,230 Allianz SE 1,478 301,622 ALTANA AG 728 45,119 AMB Generali Holding AG 296 42,740 BASF AG 2,199 214,144 Bayer AG 2,839 152,217 Bayerische Motoren Werke AG 1,372 78,718 Beiersdorf AG 905 58,619 Commerzbank AG 1,530 58,206 Continental AG 419 48,677 DaimlerChrysler AG 5,213 321,709 Deutsche Bank AG 1,347 180,002 Deutsche Boerse AG 333 61,221 Deutsche Lufthansa AG 2,371 65,188 Deutsche Post AG 5,588 168,299 Deutsche Postbank AG 632 53,312 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Deutsche Telekom AG 35,258 $ 643,464 E.ON AG 3,054 414,113 Fraport AG Frankfurt Airport Services Worldwide 644 45,874 Fresenius Medical Care AG & Co. KGaA 379 50,462 Henkel KGaA 267 34,574 Hypo Real Estate Holding AG 712 44,822 Linde AG 536 55,314 MAN AG 636 57,415 Metro AG 1,020 64,978 Muenchener Rueckversicherungs AG 917 157,704 RWE AG 1,990 219,114 Salzgitter AG 291 38,008 SAP AG 1,548 82,182 Siemens AG 2,419 239,682 ThyssenKrupp AG 1,915 90,125 Volkswagen AG 824 93,325 ----------- Total Germany 4,225,179 ----------- Hong Kong--3.8% Bank of East Asia Ltd. 8,818 49,945 BOC Hong Kong (Holdings) Ltd. 66,140 179,441 Cathay Pacific Airways Ltd. 23,000 56,722 Cheung Kong (Holdings) Ltd. 8,016 98,689 China Merchants Holdings (International) Co., Ltd. 8,016 32,879 China Mobile Ltd. 59,124 510,866 China Overseas Land & Investment Ltd. 16,034 21,524 China Power International Development Ltd. 23,000 12,628 China Resources Enterprise, Ltd. 8,016 23,036 China Resources Power Holdings Co. 8,016 12,100 China Travel International Investment Hong Kong Ltd. 32,067 10,473 China Unicom Ltd. 24,051 35,254 CITIC International Financial Holdings Ltd. (a) 28,060 25,184 CITIC Pacific Ltd. 13,025 44,967 CLP Holdings Ltd. 16,034 118,545 CNOOC Ltd. 72,153 68,560 Dah Sing Financial Holdings Ltd. 1,603 14,521 Denway Motors Ltd. 24,051 9,741 Guangdong Investment Ltd. 24,051 10,855 Guangzhou Investment Co., Ltd. 32,067 9,030 Hang Lung Group Ltd. 3,000 9,123 Hang Lung Properties Ltd. 16,034 40,202 Hang Seng Bank Ltd. 13,629 186,282 Henderson Investment Ltd. 8,016 14,801 Henderson Land Development Co., Ltd. 5,008 28,011 Hong Kong & China Gas Co., Ltd. (The) 8,016 18,037 Hong Kong Aircraft Engineering Co., Ltd. 400 5,452 Hong Kong Exchanges and Clearing Ltd. 2,000 21,987 Hongkong Electric Holdings Ltd. 12,025 58,909 Hopewell Holdings Ltd. 4,008 14,069 Hutchison Whampoa Ltd. 15,025 152,719 Hysan Development Co., Ltd. 3,000 7,850 Industrial & Commercial Bank of China Ltd. 8,016 15,460 Lenovo Group Ltd. 24,051 9,772 MTR Corp. 16,034 40,326 New World Development Ltd. 12,025 24,213 PCCW Ltd. 28,060 17,066 Shanghai Industrial Holdings Ltd. 4,008 8,534 Shun TAK Holdings Ltd. 8,016 12,265 Singamas Container Holdings Ltd. 16,034 7,319 Sino Land Co. 8,016 18,717 Sun Hung Kai Properties Ltd. 9,016 103,582 Swire Pacific Ltd. Class A 4,008 43,057 Swire Pacific Ltd. Class B 10,021 20,461 Techtronic Industries Co. 7,500 9,721 Television Broadcasts Ltd. 4,008 24,479 Wharf Holdings Ltd. 8,016 29,633 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Wheelock & Co., Ltd. 8,016 $ 15,234 Wing Hang Bank Ltd. 2,005 23,589 Wing Lung Bank Ltd. 1,603 16,798 ----------- Total Hong Kong 2,342,628 ----------- Ireland--0.7% Allied Irish Banks PLC 4,372 130,407 Anglo Irish Bank Corp. PLC 1,068 22,040 Bank of Ireland 4,477 103,313 C&C Group PLC 974 17,339 CRH PLC 1,100 45,807 DCC PLC 232 7,850 FBD Holdings PLC 84 4,575 Fyffes PLC 2,502 5,873 Greencore Group PLC 901 5,465 IAWS Group PLC 216 5,503 Independent News & Media PLC 4,397 17,452 Irish Life & Permanent PLC 1,116 30,904 Kerry Group PLC Class A 204 5,092 Kingspan Group PLC 236 6,255 McInerney Holdings PLC 248 4,737 United Drug PLC 881 4,556 ----------- Total Ireland 417,168 ----------- Italy--7.1% AEM SpA 20,360 67,992 Alleanza Assicurazioni SpA 4,413 58,832 Assicurazioni Generali SpA 2,687 117,883 Autogrill SpA 1,999 36,719 Autostrade SpA 1,651 47,439 Banca Carige SpA 10,191 48,479 Banca Intesa SpA 40,142 309,660 Banca Lombarda e Piemontese SpA 1,859 42,139 Banca Monte dei Paschi di Siena SpA 8,157 52,732 Banca Popolare di Milano S.c.r.l. 3,905 67,714 Banca Popolare di Verona e Novara S.c.r.l. 1,707 48,958 Banca Popolare Italiana S.c.r.l. 2,732 38,944 Banche Popolari Unite S.c.r.l. 1,201 32,973 Capitalia SpA 11,367 107,472 Enel SpA 45,675 470,692 Eni SpA 32,401 1,088,648 Finmeccanica SpA 2,151 58,232 Fondiaria-Sai SpA 1,292 61,742 Hera SpA 8,852 38,403 Ifil Investments SpA 8,501 69,501 Italcementi SpA 2,050 57,768 Luxottica Group SpA 1,863 57,191 Mediaset SpA 5,552 65,817 Mediobanca SpA 3,287 77,543 Mediolanum SpA 6,995 56,958 Saipem SpA 2,199 57,240 Sanpaolo IMI SpA 7,003 162,527 Snam Rete Gas SpA 15,077 85,440 Telecom Italia SpA 119,875 361,988 Terna SpA 16,805 56,896 UniCredito Italiano SpA 47,793 418,468 Unipol SpA 15,085 54,305 ----------- Total Italy 4,377,295 ----------- Japan--8.4% AEON Co., Ltd. 2,800 60,509 Asahi Glass Co., Ltd. 4,000 48,005 Astellas Pharma, Inc. 1,600 72,645 Bridgestone Corp. 2,800 62,389 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Canon Inc. 2,400 $ 134,950 Chubu Electric Power Co., Inc. 2,400 71,705 Chugai Pharmaceutical Co., Ltd. 2,800 57,690 Dai Nippon Printing Co., Ltd. 4,000 61,701 Daiwa Securities Group, Inc. 4,000 44,816 DENSO Corp. 1,600 63,380 East Japan Railway Co. 8 53,376 Eisai Co., Ltd. 1,200 65,864 Fanuc Ltd. 800 78,687 Fuji Photo Film Co., Ltd. 1,600 65,662 Hitachi Ltd. 8,000 49,817 Honda Motor Co., Ltd. 2,400 94,667 Hoya Corp. 1,600 62,305 ITOCHU Corp. 8,000 65,595 Japan Tobacco, Inc. 16 77,210 JFE Holdings, Inc. 1,600 82,313 Kansai Electric Power Co., Inc. (The) 2,800 75,431 Kao Corp. 4,000 107,759 Kirin Brewery Co., Ltd. 4,000 62,809 Komatsu Ltd. 4,000 81,071 Kyocera Corp. 800 75,330 Kyushu Electric Power Co., Inc. 2,800 73,786 Matsushita Electric Industrial Co., Ltd. 4,000 79,728 Mitsubishi Corp. 3,200 60,157 Mitsubishi Electric Corp. 8,000 72,913 Mitsubishi Estate Co., Ltd. 4,000 103,395 Mitsubishi Heavy Industries Ltd. 16,000 72,645 Mitsubishi UFJ Financial Group, Inc. 8 98,695 Mitsui & Co., Ltd. 4,000 59,754 Mitsui Fudosan Co., Ltd. 4,000 97,520 Mitsui Sumitomo Insurance Co., Ltd. 4,000 43,708 Mizuho Financial Group, Inc. 8 57,069 Nippon Oil Corp. 8,000 53,443 Nippon Steel Corp. 16,000 91,847 Nippon Telegraph & Telephone Corp. 24 118,031 Nissan Motor Co., Ltd. 11,600 139,506 Nomura Holdings, Inc. 3,200 60,291 NTT DoCoMo, Inc. 108 170,400 ORIX Corp. 240 69,389 Ricoh Co., Ltd. 4,000 81,574 Secom Co., Ltd. 2,000 103,563 Sekisui House Ltd. 4,000 58,176 Sharp Corp. 4,000 68,818 Shin-Etsu Chemical Co., Ltd. 1,200 80,265 Sony Corp. 1,200 51,362 Sumitomo Chemical Co., Ltd. 8,000 61,970 Sumitomo Corp. 4,000 59,788 Sumitomo Electric Industries Ltd. 2,200 34,342 Sumitomo Metal Industries Ltd. 16,000 69,422 Sumitomo Mitsui Financial Group, Inc. 4 40,955 Sumitomo Trust & Banking Co., Ltd. (The) 8,000 83,790 Suzuki Motor Corp. 2,800 78,956 T&D Holdings, Inc. 800 52,839 Takeda Pharmaceutical Co., Ltd. 1,600 109,706 Tohoku Electric Power Co., Inc. 2,800 69,909 Tokyo Electric Power Co., Inc. (The) 3,600 116,319 Tokyo Gas Co., Ltd. 12,000 63,749 Toray Industries, Inc. 5,000 37,430 Toshiba Corp. 8,000 52,033 Toyota Industries Corp. 1,600 73,451 Toyota Motor Corp. 6,000 400,821 Yahoo Japan Corp. 124 49,327 ----------- Total Japan 5,196,528 ----------- See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Netherlands--4.2% ABN AMRO Holding N.V. 12,193 $ 391,507 Aegon N.V. 7,589 144,505 Akzo Nobel N.V. 1,116 68,003 Buhrmann N.V. 1,675 24,870 Corio N.V. 495 40,404 CSM N.V. 860 33,080 Eurocommercial Properties N.V. 636 31,710 Euronext N.V. 909 107,279 Heineken Holding N.V. 660 26,806 Heineken N.V. 844 40,099 Hunter Douglas N.V. 353 28,348 ING Groep N.V. 11,503 509,508 Koninklijke DSM N.V. 836 41,263 Koninklijke Philips Electronics N.V. 3,303 124,437 Mittal Steel Co. N.V. 3,117 131,404 Randstad Holding N.V. 415 28,675 Reed Elsevier N.V. 3,283 55,932 Rodamco Europe N.V. 544 72,308 Royal KPN N.V. 14,923 211,934 SBM Offshore N.V. 577 19,820 STMicroelectronics N.V. 5,269 97,758 TNT N.V. 1,437 61,736 Unilever N.V. 8,308 226,776 Vedior N.V. 1,156 23,948 Wereldhave N.V. 252 33,529 Wolters Kluwer N.V. 1,264 36,319 ----------- Total Netherlands 2,611,958 ----------- New Zealand--0.5% Air New Zealand Ltd. 8,195 10,921 Auckland International Airport Ltd. 9,839 15,193 CanWest MediaWorks (NZ) Ltd. 2,917 4,504 Contact Energy Ltd. 3,010 17,658 Fisher & Paykel Appliances Holdings Ltd. 2,243 6,073 Fisher & Paykel Healthcare Corp. 2,614 7,852 Fletcher Building Ltd. 3,701 28,836 Freightways Ltd. 1,256 4,030 Infratil Ltd. 1,156 4,442 Mainfreight Ltd. 864 4,874 New Zealand Refining Co., Ltd. (The) 2,363 10,830 Nuplex Industries Ltd. 724 3,778 PGG Wrightson Ltd. 2,474 2,861 Port of Tauranga Ltd. 1,028 4,313 Pumpkin Patch Ltd. 1,144 3,751 Ryman Healthcare Ltd. 357 2,706 Sanford Ltd. 921 3,377 Sky City Entertainment Group Ltd. 3,906 14,156 Steel & Tube Holdings Ltd. 1,232 4,213 Telecom Corp. of New Zealand Ltd. 32,835 112,518 Vector Ltd. 4,577 8,133 Warehouse Group Ltd. (The) 2,521 12,798 ----------- Total New Zealand 287,817 ----------- Norway--1.2% ABG Sundal Collier ASA 3,000 6,264 Acta Holding ASA 4,008 21,243 Aker ASA Class A 241 15,521 Aker Yards AS 80 6,206 Aktiv Kapital ASA 401 6,022 DnB NOR ASA 8,016 113,938 EDB Business Partner ASA 802 7,117 Ekornes ASA 401 9,210 Norsk Hydro ASA 4,409 137,021 Norske Skogindustrier ASA 1,603 27,676 See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Orkla ASA 722 $ 40,933 ProSafe ASA 400 5,686 Schibsted ASA 200 7,163 Statoil ASA 5,761 152,899 Storebrand ASA 2,305 29,357 Telenor ASA 4,509 84,910 Tomra Systems ASA 802 5,539 Veidekke ASA 200 7,613 Wilh. Wilhelmsen ASA Class A 200 7,629 Yara International ASA 1,202 27,365 ----------- Total Norway 719,312 ----------- Portugal--0.7% Banco BPI, S.A. 2,191 17,075 Banco Comercial Portugues S.A. Class R 15,629 57,706 Banco Espirito Santo, S.A. 2,299 41,290 Brisa-Auto-estradas de Portugal S.A. 2,458 30,630 CIMPOR - Cimentos de Portugal SGPS, S.A. 3,163 26,235 EDP-Energias de Portugal S.A. 17,784 90,051 Finibanco Holding, SGPS, S.A. 866 4,305 Jeronimo Martins, SGPS, S.A. 540 12,105 Mota-Engil SGPS S.A. 876 5,937 Portucel-Empresa Produtora De Pasta E Papel, S.A. 2,636 8,342 Portugal Telecom, SGPS, S.A. 7,880 102,247 PT Multimedia - Servicos de Telecomunicacoes e Multimedia, S.A. 332 4,273 SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 1,891 4,389 Semapa-Sociedade de Investimento e Gestao, SGPS, S.A. 840 9,792 Sonae SGPS, S.A. 5,433 10,818 ----------- Total Portugal 425,195 ----------- Singapore--1.6% Ascendas Real Estate Investment Trust 8,000 13,922 CapitaCommercial Trust 8,000 13,661 CapitaMall Trust Management Ltd. 8,000 15,173 City Developments Ltd. 1,000 8,277 ComfortDelgro Corp., Ltd. 12,000 12,592 Cosco Corp. (Singapore) Ltd. 4,000 5,996 DBS Group Holdings Ltd. 9,000 132,569 Fraser and Neave Ltd. 3,807 11,166 Great Eastern Holdings Ltd. 1,000 11,080 Guocoland Ltd. 4,000 6,752 Haw Par Corp., Ltd. 1,000 4,628 Hi-P International Ltd. 16,000 9,073 Hotel Properties Ltd. 7,000 12,318 Jardine Cycle & Carriage Ltd. 1,530 14,759 Jaya Holdings Ltd. 12,000 11,575 Keppel Corp. Ltd. 2,000 22,942 Keppel Land Ltd. 4,000 17,989 Keppel Telecommunications & Transportation Ltd. 8,000 8,343 Labroy Marine Ltd. 4,000 4,901 MobileOne Ltd. 8,000 11,210 Oversea-Chinese Banking Corp. Ltd. 16,000 80,297 Parkway Holdings Ltd. 8,000 16,372 SBS Transit Ltd. 6,000 9,503 SembCorp Industries Ltd. 4,000 10,011 SembCorp Marine Ltd. 4,000 8,864 SIA Engineering Co., Ltd. 4,000 11,210 Singapore Airlines Ltd. 5,000 57,029 Singapore Airport Terminal Services Ltd. 8,000 13,035 Singapore Exchange Ltd. 4,000 14,860 Singapore Land Ltd. 1,000 5,605 Singapore Post Ltd. 16,000 11,367 Singapore Press Holdings Ltd. 8,000 22,316 Singapore Technologies Engineering Ltd. 4,000 8,030 Singapore Telecommunications Ltd. 67,150 143,552 See Notes to Schedule of Investments. 8 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- SMRT Corp. Ltd. 12,000 $ 9,307 StarHub Ltd. 11,571 19,834 Straits Trading Co., Ltd. 4,000 9,125 Suntec Real Estate Investment Trust 12,000 14,235 United Industrial Corp., Ltd. 12,000 16,346 United Overseas Bank Ltd. 8,000 101,154 UOL Group Ltd. 4,000 11,315 Venture Corp., Ltd. 1,000 8,799 Want Want Holdings Ltd. 8,000 13,040 Wheelock Properties (Singapore) Ltd. 4,000 5,866 ----------- Total Singapore 969,998 ----------- Spain--5.0% Abertis Infraestructuras S.A. (a) 1,998 59,280 Acciona, S.A. 200 37,212 Acerinox S.A. 1,026 31,185 ACS, Actividades Construccion y Servicios, S.A. 776 43,704 Altadis, S.A. 949 49,618 Banco Bilbao Vizcaya Argentaria, Chile, S.A. 15,165 364,751 Banco Popular Espanol, S.A. 5,343 96,735 Banco Sabadell S.A. 1,036 46,325 Banco Santander Central Hispano S.A. 31,456 586,519 Bankinter S.A. 455 35,759 Cia Espanola De Petroleos, S.A. (a) 856 67,049 Corporacion Mapfre S.A. 5,552 25,038 Ebro Puleva S.A. 1,610 40,762 Enagas 1,437 33,388 Endesa S.A. 4,318 204,014 Fadesa Inmobiliaria S.A. 941 43,616 Fomento de Construcciones y Contratas S.A. 431 43,876 Gas Natural SDG, S.A. 2,010 79,488 Gestevision Telecinco S.A. 2,171 61,779 Grupo Ferrovial S.A. 435 42,419 Iberdrola S.A. 4,089 178,582 Inditex S.A. 820 44,128 Inmobiliaria Colonial, S.A. 94 8,125 Metrovacesa, S.A.(a) 308 52,190 Red Electrica de Espana 606 25,963 Repsol YPF, S.A. 4,541 156,885 Sacyr Vallehermoso, S.A. (a) 1,020 60,526 Telefonica S.A. 23,240 494,004 Union Fenosa S.A. 909 44,950 Zardoya-Otis S.A. 808 24,484 ----------- Total Spain 3,082,354 ----------- Sweden--3.5% AB Industrivarden Class A 802 31,878 AB Volvo Class A 802 56,959 AB Volvo Class B 2,005 138,150 Alfa Laval AB 802 36,215 Assa Abloy AB Class B 1,603 34,904 Atlas Copco AB Class A 1,603 53,878 Atlas Copco AB Class B 802 26,018 Axfood AB 601 24,855 Electrolux AB Series B 1,603 32,093 Fabege AB 1,202 32,233 Getinge AB Class B 1,400 31,404 H&M Hennes & Mauritz AB Class B 3,607 182,379 Holmen AB Class B 401 17,463 Investment AB Kinnevik Class B 1,603 26,939 Investor AB Class A 802 19,455 Investor AB Class B 1,603 39,355 JM AB 1,603 38,886 L E Lundbergforetagen AB Class B 401 26,018 Nordea Bank AB 14,329 220,913 See Notes to Schedule of Investments. 9 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Ratos AB Class B 1,603 $ 38,066 Sandvik AB 4,810 69,939 Scania AB Class A 802 57,487 Scania AB Class B 802 56,373 Securitas AB Class B 1,603 24,889 Skandinaviska Enskilda Banken AB 2,406 76,473 Skanska AB Class B 2,406 47,466 SKF AB Class B 1,603 29,633 SSAB Svenskt Staal AB Series A 1,502 35,668 Svenska Cellulosa Aktiebolaget SCA Class B 802 41,899 Svenska Handelsbanken Class A 3,207 97,011 Swedbank AB Class A 2,806 101,898 Swedish Match AB 802 15,002 Tele2 AB Class B 2,005 29,300 Telefonaktiebolaget LM Ericsson Class A 8,016 32,331 Telefonaktiebolaget LM Ericsson Class B 40,086 161,973 TeliaSonera AB 18,038 148,274 ----------- Total Sweden 2,133,677 ----------- Switzerland--4.0% Adecco S.A. 443 30,212 Baloise Holding AG 202 20,155 Ciba Specialty Chemicals Holding Inc. 467 31,007 Credit Suisse Group 4,867 339,897 Givaudan S.A. 32 29,570 Holcim Ltd. 548 50,145 Julius Baer Holding Ltd. 320 35,180 Kuehne + Nagel International AG 371 26,943 Nestle S.A. 1,393 494,117 Novartis AG 6,387 367,565 Pargesa Holding S.A. 284 32,292 Roche Holding AG 1,272 227,682 Serono S.A. 40 35,848 SGS S.A. 28 31,149 Swatch Group Ltd. (The) Class B 164 36,174 Swiss Reinsurance Co. 1,380 117,120 Swisscom AG 341 128,849 UBS AG 6,915 419,477 ----------- Total Switzerland 2,453,382 ----------- United Kingdom--26.8% Anglo American PLC 5,435 264,969 AstraZeneca PLC 5,971 320,668 Aviva PLC 13,514 217,410 BAE SYSTEMS PLC 26,812 223,413 Barclays PLC 43,137 616,306 BG Group PLC 14,058 190,669 BHP Billiton PLC 10,156 185,749 BP PLC 98,925 1,098,744 British American Tobacco PLC 11,363 317,797 British Land Co. PLC 4,664 156,456 British Sky Broadcasting PLC 16,994 173,616 BT Group PLC 61,907 365,301 Cable & Wireless PLC 38,371 118,467 Cadbury Schweppes PLC 18,888 202,023 Centrica PLC 34,063 236,332 Compass Group PLC 24,224 137,489 Diageo PLC 15,047 295,229 GlaxoSmithKline PLC 26,118 687,011 HBOS PLC 23,503 520,708 HSBC Holdings PLC 72,647 1,323,705 Imperial Tobacco Group PLC 5,778 227,299 Kingfisher PLC 43,101 201,187 Land Securities Group PLC 5,528 251,328 Legal & General Group PLC 78,225 241,129 See Notes to Schedule of Investments. 10 Schedule of Investments (unaudited) (continued) WisdomTree DEFA Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Lloyds TSB Group PLC 58,825 $ 657,963 Man Group PLC 24,986 255,632 Marks & Spencer Group PLC 17,648 247,650 National Grid PLC 18,567 267,814 Old Mutual PLC 61,919 211,164 Pearson PLC 13,306 200,913 Prudential PLC 17,197 235,432 Reckitt Benckiser PLC 4,838 220,999 Reed Elsevier PLC 17,910 196,470 Rio Tinto PLC (a) 3,677 195,599 Royal Bank of Scotland Group (The) PLC 17,414 679,250 Royal Dutch Shell PLC Class A 19,583 689,994 Royal Dutch Shell PLC Class B 13,752 481,774 SABMiller PLC 10,259 235,921 Sage Group PLC 44,511 236,081 Scottish & Southern Energy PLC 8,429 256,361 Scottish Power PLC 16,962 248,315 Smiths Group PLC 11,269 218,677 Standard Chartered PLC 7,653 223,473 Tesco PLC 29,467 233,281 Unilever PLC 8,268 231,075 Vodafone Group PLC 289,902 802,846 Wolseley PLC 8,625 208,136 WPP Group PLC 14,904 201,414 Xstrata PLC 5,233 261,165 ----------- Total United Kingdom 16,470,404 ----------- TOTAL COMMON STOCKS (Cost: $55,482,626) 61,441,961 ----------- SHORT-TERM INVESTMENT--0.6% MONEY MARKET FUND - 0.6% United States--0.6% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $391,174) 391,174 391,174 ----------- INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--0.5% MONEY MARKET FUNDS (c) --0.5% UBS Enhanced Yield Portfolio, 5.23% 101,913 101,913 UBS Private Money Market Fund LLC, 5.21% 194,491 194,491 ----------- TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $296,404) (d) 296,404 ----------- TOTAL INVESTMENTS IN SECURITIES--101.0% (Cost: $56,170,204) (e) 62,129,539 Liabilities in Excess of Other Assets--(1.0)% (596,616) ----------- NET ASSETS--100.0% $61,532,923 =========== * Non-income producing security. (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $281,168 and the total market value of the collateral held by the Fund was $296,404. (e) Aggregate cost for Federal income tax purposes was substantially the same as for book purposes. See Notes to Schedule of Investments. 11 WisdomTree DEFA Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 33.8% Communications 13.1% Consumer Non-Cyclical 13.0% Energy 9.0% Industrial 8.3% Consumer Cyclical 7.8% Utilities 7.3% Basic Materials 5.2% Diversified 1.2% Technology 1.2% Short-Term Investment 0.6% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree DEFA High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--100.0% Australia--12.1% Alinta Ltd. 12,812 $ 119,363 Allco Finance Group Ltd. 7,805 79,113 Alumina Ltd. 15,549 77,701 Amcor Ltd. 16,209 92,625 AMP Ltd. 29,269 233,005 APA Group 12,116 40,109 APN News & Media Ltd. 16,794 80,084 Aristocrat Leisure Ltd. 6,360 79,706 Australia & New Zealand Banking Group Ltd. 36,994 822,566 Australian Stock Exchange Ltd. 3,907 117,483 AWB Ltd. 33,670 81,739 Baycorp Advantage Ltd. 26,419 54,766 Bendigo Bank Ltd. 6,436 70,665 Billabong International Ltd. (a) 6,013 82,466 BlueScope Steel Ltd. 19,811 134,602 Boral Ltd. 10,350 62,245 Brambles Industries Ltd.* (a) 10,185 102,997 Caltex Australia Ltd. 4,140 75,052 Challenger Financial Services Group Ltd. 27,877 90,527 Coates Hire Ltd. 14,002 64,563 Coca-Cola Amatil Ltd. 16,419 100,426 Coles Myer Ltd. 19,841 218,941 Commonwealth Bank of Australia 28,452 1,109,631 CSR Ltd. 24,559 72,590 Downer EDI Ltd. 10,803 59,519 Foster's Group Ltd. 35,617 194,267 Iluka Resources Ltd. 12,918 67,710 Insurance Australia Group Ltd. 39,791 199,157 John Fairfax Holdings Ltd. 22,259 84,740 Leighton Holdings Ltd. 4,781 76,197 Lend Lease Corp. Ltd. 8,175 118,819 Lion Nathan Ltd. 10,983 70,639 Macquarie Bank Ltd. 3,017 187,695 Minara Resources Ltd. 15,921 73,411 National Australia Bank Ltd. 33,427 1,064,425 Nufarm Ltd. (a) 8,235 67,180 OneSteel Ltd. (a) 22,520 83,071 Orica Ltd. 3,885 74,410 Origin Energy Ltd. 12,292 80,124 Perpetual Ltd. (a) 1,273 78,474 Promina Group Ltd. 20,247 110,434 Publishing & Broadcasting Ltd. 9,377 157,797 Qantas Airways Ltd. 58,900 242,338 QBE Insurance Group Ltd. 10,260 233,308 Rural Press Ltd. 7,905 82,245 Santos Ltd. 9,633 74,940 Seven Network Ltd. (a) 10,113 90,312 Sigma Pharmaceuticals Ltd. 33,719 79,466 Sims Group Ltd. 4,676 74,523 Sonic Healthcare Ltd. 6,073 71,227 St.George Bank Ltd. 11,703 304,402 Suncorp-Metway Ltd. (a) 12,708 203,835 TABCORP Holdings Ltd. 13,880 184,343 Telstra Corp. Ltd. (a) 252,426 823,703 United Group Ltd. 6,375 70,096 Washington H. Soul Pattinson & Co., Ltd. 10,098 69,723 Wesfarmers Ltd. 9,978 295,239 West Australian Newspapers Holdings Ltd. 9,798 90,202 Westpac Banking Corp. 37,567 717,754 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited)(continued) WisdomTree DEFA High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Woodside Petroleum Ltd. 6,913 $ 207,655 Woolworths Ltd. 16,449 309,866 ----------- Total Australia 11,136,211 ----------- Austria--0.1% BOEHLER-UDDEHOLM AG 461 32,279 Flughafen Wien AG 231 22,663 Semperit AG Holding 207 7,676 Wienerberger AG 778 46,166 ----------- Total Austria 108,784 ----------- Belgium--2.8% Agfa-Gevaert N.V. 1,395 35,613 Almancora SCA 570 81,176 Belgacom S.A. 7,305 321,445 Compagnie Maritime Belge S.A. 1,740 74,822 Cumerio N.V. 688 16,512 Dexia N.V. 11,120 304,265 Euronav N.V. 1,425 42,542 Fortis N.V. 24,685 1,052,045 Gimv N.V. 510 31,891 KBC Groep N.V. 3,770 461,835 Melexis N.V. 868 15,795 Mobistar S.A. 853 72,719 Tessenderlo Chemie N.V. 420 17,889 ----------- Total Belgium 2,528,549 ----------- Denmark--0.5% A/S Dampskibsselskabet TORM 1,252 81,944 Danske Bank A/S 9,208 408,839 ----------- Total Denmark 490,783 ----------- Finland--1.8% Amer Sports Oyj 1,515 33,323 Elektrobit Group Oyj (a) 11,076 30,086 Elisa Oyj Class A 2,267 62,030 Fortum Oyj 18,174 516,689 Kesko Oyj Class B 833 43,959 OKO Bank PLC Class A 3,017 50,525 Rautaruukki Oyj 3,017 119,948 Sampo Oyj Class A 7,562 202,225 Sanoma-WSOY Oyj 2,568 72,297 Sponda Oyj 3,017 47,740 Stora Enso Oyj Class R 9,073 143,569 TietoEnator Oyj 913 29,424 UPM-Kymmene Corp. 8,073 203,541 Uponor Corp. 1,515 56,656 ----------- Total Finland 1,612,012 ----------- France--12.3% Assurances Generales de France 2,280 355,070 AXA S.A. 27,372 1,107,006 Bail Investissement 988 95,953 BNP Paribas 11,028 1,201,903 Casino Guichard Perrachon S.A. 1,515 140,642 Credit Agricole S.A. 8,070 339,039 Euler Hermes S.A. 615 88,882 France Telecom S.A. 69,591 1,922,501 Gecina S.A. 1,078 206,118 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited)(continued) WisdomTree DEFA High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Klepierre 630 $ 118,797 M6, Metropole Television S.A. 2,385 85,103 PagesJaunes Groupe S.A. 6,360 126,386 Rallye S.A. 1,455 78,722 Societe Generale 5,342 905,888 Suez S.A. 19,404 1,003,782 TOTAL S.A. 35,405 2,551,435 Unibail 615 150,111 Valeo S.A. 1,998 83,071 Viel et Compagnie 12,412 77,744 Vivendi S.A. 18,594 726,007 ----------- Total France 11,364,160 ----------- Germany--4.9% AWD Holding AG 838 35,383 BASF AG 5,372 523,139 DaimlerChrysler AG 12,738 786,097 Deutsche Euroshop AG 375 27,771 Deutsche Lufthansa AG 5,653 155,423 Deutsche Post AG 13,655 411,261 Deutsche Telekom AG 81,291 1,483,571 E.ON AG 7,440 1,008,841 Grammer AG 844 28,703 MVV Energie AG 1,003 34,388 Norddeutsche Affinerie AG 1,153 32,309 Vossloh AG 495 37,297 ----------- Total Germany 4,564,183 ----------- Hong Kong--2.5% Bank of East Asia Ltd. 22,812 129,206 BOC Hong Kong (Holdings) Ltd. 165,106 447,939 Cathay Pacific Airways Ltd. 58,000 143,038 China Netcom Group Corp. Ltd. 7,004 18,777 China Travel International Investment Hong Kong Ltd. 76,058 24,840 Chong Hing Bank Ltd. 4,008 8,926 CITIC International Financial Holdings Ltd. (a) 45,028 40,412 CITIC Pacific Ltd. 35,018 120,895 CLP Holdings Ltd. 41,024 303,305 Dah Sing Banking Group Ltd. 6,004 13,556 Dah Sing Financial Holdings Ltd. 1,204 10,906 Fountain Set (Holdings) Ltd. 30,018 8,376 Hang Lung Group Ltd. 15,008 45,638 Hang Lung Properties Ltd. 45,028 112,899 Hang Seng Bank Ltd. 34,018 464,960 Hongkong Electric Holdings Ltd. 31,518 154,404 Hopewell Holdings Ltd. 12,008 42,151 i-CABLE Communications Ltd. 60,038 14,050 Industrial & Commercial Bank of China Ltd. 19,008 36,661 Kowloon Development Co., Ltd. 5,000 8,872 Oriental Press Group Ltd. 60,038 10,885 PCCW Ltd. 75,048 45,643 Shenzhen Investment Ltd. 12,018 5,007 Television Broadcasts Ltd. 4,000 24,430 Wing Hang Bank Ltd. 4,500 52,943 Wing Lung Bank Ltd. 3,000 31,438 ----------- Total Hong Kong 2,320,157 ----------- Ireland--0.8% Abbey PLC 315 4,531 Allied Irish Banks PLC 10,816 322,618 Bank of Ireland 11,048 254,948 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited)(continued) WisdomTree DEFA High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Fyffes PLC 6,103 $ 14,325 Greencore Group PLC 2,218 13,454 Independent News & Media PLC 10,728 42,581 Irish Life & Permanent PLC 2,914 80,694 ----------- Total Ireland 733,151 ----------- Italy--9.8% ACEA SpA 4,065 77,885 AEM SpA 23,967 80,037 Alleanza Assicurazioni SpA 10,773 143,621 Arnoldo Mondadori Editore SpA 6,210 64,855 ASM 10,084 55,150 Autostrada Torino-Milano SpA 2,700 60,775 Banca Fideuram SpA (a) 8,724 57,462 Banca Intesa SpA 98,091 756,684 Banca Lombarda e Piemontese SpA 3,315 75,143 Banca Popolare di Verona e Novara S.c.r.l. 2,897 83,088 Banca Popolare Italiana 10,586 150,899 Banche Popolari Unite S.c.r.l. 3,840 105,425 Benetton Group SpA 3,840 73,220 Capitalia SpA 27,747 262,340 Enel SpA 111,610 1,150,169 Eni SpA 79,208 2,661,327 Fondiaria-Sai SpA 1,530 73,115 Mediaset SpA 13,576 160,939 Milano Assicurazioni SpA 7,623 62,072 Piccolo Credito Valtellinese Scarl 3,544 57,108 Pirelli & C. Real Estate SpA 853 58,479 Premuda SpA 4,565 9,505 Sanpaolo IMI SpA 17,107 397,024 Snam Rete Gas SpA 36,817 208,638 Societa Cattolica di Assicurazioni S.c.r.l. (a) 1,078 64,010 Telecom Italia SpA 292,939 884,591 Terna SpA 38,647 130,845 UniCredito Italiano SpA 115,888 1,014,697 Unipol SpA 23,007 82,823 ----------- Total Italy 9,061,926 ----------- Japan--0.3% Best Denki Co., Ltd. 1,000 6,236 Hokuto Corp. 200 3,516 Nikko Cordial Corp. 7,000 80,190 Oracle Corp. Japan 1,200 55,491 Sumida Corp. 200 4,012 Takefuji Corp. 1,150 45,458 TonenGeneral Sekiyu K.K. 7,000 69,263 ----------- Total Japan 264,166 ----------- Netherlands--4.8% ABN AMRO Holding N.V. 29,791 956,563 Aegon N.V. 18,549 353,197 Corio N.V. 1,213 99,010 CSM N.V. 928 35,696 Eurocommercial Properties N.V. 673 33,555 Heijmans N.V. 525 28,841 Hunter Douglas N.V. 375 30,115 ING Groep N.V. 28,086 1,244,027 Nieuwe Steen Investments N.V. 1,018 30,016 Nutreco Holding N.V. 420 27,354 OCE N.V. 1,680 27,448 Reed Elsevier N.V. 8,025 136,722 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited)(continued) WisdomTree DEFA High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Rodamco Europe N.V. 1,333 $ 177,182 Royal KPN N.V. 36,472 517,970 SBM Offshore N.V. 1,018 34,969 Unilever N.V. 20,289 553,810 VastNed Offices 807 31,658 VastNed Retail N.V. 315 31,984 Wereldhave N.V. 270 35,924 ----------- Total Netherlands 4,386,041 ----------- New Zealand--0.7% Air New Zealand Ltd. 20,012 26,669 Auckland International Airport Ltd. 24,034 37,113 CanWest MediaWorks (NZ) Ltd. 4,751 7,336 Contact Energy Ltd. 7,335 43,030 Fisher & Paykel Appliances Holdings Ltd. 5,477 14,829 Fisher & Paykel Healthcare Corp. 6,375 19,149 Fletcher Building Ltd. 9,028 70,340 Freightways Ltd. 2,865 9,192 Infratil Ltd. 2,745 10,548 New Zealand Refining Co., Ltd. (The) 5,773 26,459 Nuplex Industries Ltd. 1,755 9,157 Sanford Ltd. 2,158 7,912 Sky City Entertainment Group Ltd. 9,553 34,622 Telecom Corp. of New Zealand Ltd. 80,761 276,751 Vector Ltd. 11,174 19,855 Warehouse Group Ltd. (The) 6,630 33,659 ----------- Total New Zealand 646,621 ----------- Norway--0.6% Acta Holding ASA 7,504 39,772 Aker Yards ASA 300 23,272 Aktiv Kapital ASA 1,502 22,555 DnB NOR ASA 19,524 277,510 Ekornes ASA 750 17,225 Norske Skogindustrier ASA 4,502 77,729 Storebrand ASA 6,204 79,015 Veidekke ASA 752 28,624 ----------- Total Norway 565,702 ----------- Portugal--1.0% Banco Comercial Portugues, S.A. Class R 38,586 142,468 Banco Espirito Santo, S.A. 5,984 107,473 Brisa-Auto-estradas de Portugal S.A. 5,998 74,743 CIMPOR - Cimentos de Portugal SGPS, S.A. 7,715 63,991 EDP-Energias de Portugal S.A. 43,729 221,427 Jeronimo Martins, SGPS, S.A. 1,318 29,546 Portugal Telecom, SGPS, S.A. 19,390 251,595 SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 4,125 9,573 Semapa-Sociedade de Investimento e Gestao, SGPS, S.A. 2,068 24,106 ----------- Total Portugal 924,922 ----------- Singapore--2.0% Allgreen Properties Ltd. 15,000 12,807 Ascendas Real Estate Investment Trust 25,000 43,505 CapitaCommercial Trust Management Ltd. 8,000 13,661 CapitaMall Trust Management Ltd. 19,000 36,036 Chuan Hup Holdings Ltd. 60,000 12,318 ComfortDelGro Corp., Ltd. 30,000 31,480 DBS Group Holdings Ltd. 22,000 324,057 Elec & Eltek International Co., Ltd. 3,000 8,370 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited)(continued) WisdomTree DEFA High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Fortune Real Estate Investment Trust 18,000 $ 13,655 Fraser and Neave Ltd. 14,062 41,243 Haw Par Corp., Ltd. 2,000 9,255 Hong Leong Finance Ltd. 10,000 24,897 Jaya Holdings Ltd. 15,000 14,469 Jurong Technologies Industrial Corp., Ltd. 15,000 10,559 Macquarie MEAG Prime Real Estate Investment Trust 15,000 11,438 MobileOne Ltd. 19,000 26,625 Oversea-Chinese Banking Corp. Ltd. 37,000 185,687 Parkway Holdings Ltd. 15,000 30,698 Robinson & Co., Ltd. 2,000 6,492 SembCorp Marine Ltd. 15,000 33,240 Singapore Airlines Ltd. 13,000 148,276 Singapore Airport Terminal Services Ltd. 15,000 24,441 Singapore Post Ltd. 30,000 21,313 Singapore Press Holdings Ltd. 20,000 55,791 Singapore Telecommunications Ltd. 163,900 350,383 SMRT Corp. Ltd. 30,000 23,268 StarHub Ltd. 29,428 50,444 Suntec Real Estate Investment Trust 30,000 35,586 United Overseas Bank Ltd. 21,000 265,528 UOB Kay Hian Holdings Ltd. 15,000 12,905 ----------- Total Singapore 1,878,427 ----------- Spain--5.1% Antena 3 de Television, S.A. 3,155 74,221 Banco Bilbao Vizcaya Argentaria, Chile, S.A. 37,047 891,061 Banco Popular Espanol, S.A. 13,053 236,326 Banco Santander Central Hispano S.A. 78,660 1,466,672 Endesa S.A. 10,546 498,270 Gas Natural SDG, S.A. 4,892 193,461 Gestevision Telecinco, S.A. 5,297 150,734 IBERDROLA, S.A. 10,629 464,208 Telefonica S.A. 34,470 732,717 ----------- Total Spain 4,707,670 ----------- Sweden--3.0% AB Industrivarden Class C 500 18,669 AB Volvo Class A 2,402 170,594 AddTech AB Class B 800 16,075 Axfood AB 752 31,100 Cardo AB 402 15,274 Castellum AB 2,502 33,364 D. Carnegie & Co. AB 1,502 32,375 Electrolux AB Series B 4,000 80,082 Fabege AB 1,802 48,322 H&M Hennes & Mauritz AB Class B 9,004 455,266 Holmen AB Class B 1,002 43,635 Intrum Justitia AB 3,000 38,908 Kungsleden Fastighets AB 2,002 30,719 Nordea Bank AB 33,818 521,379 Oresund Investment AB 1,502 39,399 Ratos AB Class B 2,000 47,494 Sandvik AB 12,006 174,572 Scania AB Class A 1,602 114,830 Skanska AB Class B 6,004 118,448 SKF AB Class B 5,204 96,201 SkiStar AB 1,154 19,899 Svenska Cellulosa Aktiebolaget SCA Class B 2,600 135,832 Svenska Handelsbanken Class A 7,804 236,070 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited)(continued) WisdomTree DEFA High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Swedbank AB Class A 7,504 $ 272,504 Trelleborg AB Class B 800 19,173 ----------- Total Sweden 2,810,184 ----------- Switzerland--0.5% Ciba Specialty Chemicals Holding Inc. 988 65,600 EMS-Chemie Holding AG 255 30,624 Swisscom AG 918 346,873 Vontobel Holding AG 763 32,940 ----------- Total Switzerland 476,037 ----------- United Kingdom--34.4% Alliance & Leicester PLC 8,900 198,224 Aviva PLC 41,476 667,257 BAE SYSTEMS PLC 31,249 260,384 Barclays PLC 105,411 1,506,028 Boots Group PLC 14,242 233,443 BP PLC 241,780 2,685,409 British American Tobacco PLC 27,749 776,074 BT Group PLC 151,273 892,633 Cable & Wireless PLC 96,841 298,987 Centrica PLC 47,229 327,679 Compass Group PLC 44,413 252,076 Diageo PLC 36,772 721,482 DSG International PLC 54,546 204,435 FirstGroup PLC 20,136 226,603 Friends Provident PLC 60,644 257,556 Gallaher Group PLC 12,678 284,478 GlaxoSmithKline PLC 63,781 1,677,701 Hanson PLC 16,539 249,406 HBOS PLC 57,432 1,272,403 HSBC Holdings PLC 177,509 3,234,405 Imperial Tobacco Group PLC 8,885 349,525 ITV PLC 100,111 208,668 Kelda Group PLC 13,760 249,375 Kingfisher PLC 46,742 218,182 Ladbrokes PLC 27,102 221,851 Legal & General Group PLC 84,884 261,656 Liberty International PLC 10,260 280,322 Lloyds TSB Group PLC 143,754 1,607,905 LogicaCMG PLC 65,881 239,827 National Grid PLC 45,358 654,253 Northern Rock PLC 10,638 245,262 Old Mutual PLC 67,158 229,031 Pearson PLC 14,437 217,990 Persimmon PLC 9,362 279,607 Prudential PLC 24,104 329,990 Reed Elsevier PLC 19,434 213,188 Rentokil Initial PLC 72,478 235,117 Resolution PLC 16,189 203,255 Royal & Sun Alliance Insurance Group 64,586 192,767 Royal Bank of Scotland Group (The) PLC 42,538 1,659,237 Royal Dutch Shell PLC Class A 47,854 1,686,104 Scottish & Newcastle PLC 20,892 228,773 Scottish & Southern Energy PLC 13,053 396,995 Scottish Power PLC 24,424 357,555 Severn Trent PLC 5,514 158,638 Smiths Group PLC 12,200 236,743 Standard Chartered PLC 12,783 373,272 Tate & Lyle PLC 10,069 151,445 Tesco PLC 71,969 569,755 See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited)(continued) WisdomTree DEFA High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Tomkins PLC 39,656 $ 190,734 Unilever PLC 18,159 507,510 United Utilities PLC 22,812 348,243 Vodafone Group PLC 708,466 1,962,002 Yell Group PLC 20,529 229,017 ----------- Total United Kingdom 31,720,457 ----------- TOTAL COMMON STOCKS (Cost: $84,865,074) 92,300,143 ----------- RIGHTS*--0.0% Singapore--0.0% Allgreen Properties Ltd., expiring 1/09/07 7,500 3,471 (Cost: $0) ----------- TOTAL LONG-TERM INVESTMENTS (Cost: $84,865,074) 92,303,614 ----------- SHORT-TERM INVESTMENT--0.4% MONEY MARKET FUND - 0.4% United States--0.4% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $402,245) 402,245 402,245 ----------- INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--0.4% MONEY MARKET FUNDS(c) --0.4% UBS Enhanced Yield Portfolio, 5.23% 206,399 206,399 UBS Private Money Market Fund LLC, 5.21% 190,479 190,479 ----------- TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $396,878) (d) 396,878 ----------- TOTAL INVESTMENTS IN SECURITIES--100.8% (Cost: $85,664,197) (e) 93,102,737 Liabilities in Excess of Foreign Cash and Other Assets-(0.8)% (767,556) ----------- NET ASSETS--100.0% $92,335,181 =========== * Non-income producing security. (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $376,146 and the total market value of the collateral held by the Fund was $396,878. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 8 WisdomTree DEFA High-Yielding Equity Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 43.2% Communications 15.8% Energy 11.0% Utilities 9.5% Consumer Non-Cyclical 8.4% Consumer Cyclical 5.0% Industrial 4.1% Basic Materials 2.1% Diversified 0.5% Technology 0.4% Short-Term Investment 0.4% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree Europe Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.5% Austria--0.6% Andritz AG 16 $ 3,466 AT&S Austria Technologie & Systemtechnik AG 76 2,280 Bank Austria Creditanstalt AG 260 41,073 BOEHLER-UDDEHOLM AG 96 6,722 Erste Bank der oesterreichischen Sparkassen AG 236 18,081 Flughafen Wien AG 48 4,709 Oesterreichische Elektrizitatswirtschafts AG Class A 132 7,036 OMV AG 224 12,698 Semperit AG Holding 68 2,521 Telekom Austria AG 460 12,314 UNIQA Versicherungen AG 72 2,382 voestalpine AG 144 8,121 Wiener Staedtische AG 84 5,893 Wienerberger AG 160 9,494 ------------ Total Austria 136,790 ------------ Belgium--2.8% Ackermans & van Haaren N.V. 128 10,634 Agfa-Gevaert N.V. 468 11,948 Almancora SCA 120 17,090 Barco N.V. 135 12,283 Belgacom S.A. 1,543 67,897 Compagnie Maritime Belge S.A. 368 15,824 Delhaize Group 148 12,324 Dexia N.V. 2,354 64,410 Euronav N.V. 364 10,867 Fortis N.V. 5,162 219,998 Groep Colruyt S.A. 60 12,801 Groupe Bruxelles Lambert S.A. 216 25,934 InBev N.V. 552 36,351 KBC Groep N.V. 774 94,817 Mobistar S.A. 176 15,004 Solvay S.A. 180 27,581 UCB S.A. 228 15,619 Umicore 68 11,567 ------------ Total Belgium 682,949 ------------ Denmark--0.8% A/S Dampskibsselskabet TORM 200 13,090 Auriga Industries A/S Class B 200 5,608 Codan A/S 75 7,284 Danisco A/S 150 12,763 Danske Bank A/S 2,003 88,934 H. Lundbeck A/S 401 11,048 NKT Holding A/S 75 6,627 Novo-Nordisk A/S Class B 401 33,375 Sydbank A/S 150 7,164 ------------ Total Denmark 185,893 ------------ Finland--2.2% Elisa Oyj Class A 603 16,499 Fortum Oyj 4,014 114,118 Huhtamaki Oyj 500 9,811 Kemira Oyj 403 9,050 Kesko Oyj Class B 200 10,554 Metso Oyj 403 20,321 Nokia Oyj 6,418 131,009 Nokian Renkaat Oyj 603 12,341 OKO Bank PLC Class A 403 6,749 Outokumpu Oyj 404 15,801 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited)(continued) WisdomTree Europe Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Rautaruukki Oyj 603 $ 23,974 Sampo Oyj Class A 1,606 42,948 Sanoma-WSOY Oyj 523 14,724 Sponda Oyj 806 12,754 Stora Enso Oyj Class R 1,606 25,413 TietoEnator Oyj 323 10,410 UPM-Kymmene Corp. 1,606 40,491 Uponor Corp. 200 7,479 Wartsila Oyj Class B 203 10,924 YIT Oyj 403 11,133 ------------ Total Finland 546,503 ------------ France--16.3% Accor S.A. 1,075 83,210 Air France-KLM 1,679 70,605 Assurances Generales de France 512 79,735 AXA S.A. 5,781 233,801 BNP Paribas 2,334 254,374 Bouygues S.A. 1,171 75,092 Carrefour S.A. 1,511 91,535 Casino Guichard Perrachon S.A. 786 72,967 Christian Dior S.A. 636 67,722 Cie de Saint-Gobain S.A. 935 78,477 CNP Assurances S.A. 636 70,951 Compagnie Generale des Etablissements Michelin Class B 835 79,828 Credit Agricole S.A. 1,699 71,379 France Telecom S.A. 14,677 405,464 Gaz de France 1,739 79,916 Groupe Danone 504 76,296 Lafarge S.A. 540 80,250 Lagardere SCA 794 63,868 L'Air Liquide S.A. 320 75,912 L'Oreal S.A. 930 93,080 LVMH Moet Hennessy Louis Vuitton S.A. 684 72,111 Natixis 2,442 68,525 PPR S.A. 516 77,024 Renault S.A. 746 89,518 Sanofi-Aventis 2,103 193,980 Schneider Electric S.A. 624 69,201 Societe Generale 1,135 192,472 Suez S.A. 4,091 211,630 TOTAL S.A. 7,429 535,365 Vallourec S.A. 280 81,340 VINCI S.A. 644 82,204 Vivendi S.A. 3,919 153,018 ------------ Total France 4,030,850 ------------ Germany--8.8% adidas AG 644 32,041 Allianz SE 763 155,709 BASF AG 1,139 110,918 Bayer AG 1,463 78,441 Bayerische Motoren Werke AG 714 40,965 Beiersdorf AG 660 42,750 Commerzbank AG 895 34,049 Continental AG 304 35,317 DaimlerChrysler AG 2,690 166,008 Deutsche Bank AG 694 92,741 Deutsche Boerse AG 240 44,123 Deutsche Lufthansa AG 1,711 47,042 Deutsche Post AG 2,882 86,800 Deutsche Postbank AG 460 38,803 Deutsche Telekom AG 17,080 311,712 E.ON AG 1,587 215,192 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited)(continued) WisdomTree Europe Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Fresenius Medical Care AG & Co. KGaA 276 $ 36,748 Hypo Real Estate Holding AG 512 32,232 Linde AG 388 40,041 MAN AG 460 41,526 Metro AG 544 34,655 Munchener Ruckversicherungs-Gesellschaft AG 472 81,174 RWE AG 1,038 114,291 SAP AG 784 41,622 Siemens AG 1,247 123,557 ThyssenKrupp AG 995 46,827 Volkswagen AG 452 51,193 ------------ Total Germany 2,176,477 ------------ Ireland--0.9% Allied Irish Banks PLC 2,258 67,351 Anglo Irish Bank Corp. PLC 552 11,392 Bank of Ireland 2,310 53,306 C&C Group PLC 504 8,972 CRH PLC 568 23,653 DCC PLC 112 3,790 FBD Holdings PLC 60 3,268 Greencore Group PLC 552 3,348 IAWS Group PLC 156 3,974 Independent News & Media PLC 2,270 9,010 Irish Life & Permanent PLC 576 15,950 Kerry Group PLC Class A 128 3,195 Kingspan Group PLC 168 4,453 McInerney Holdings PLC 176 3,362 ------------ Total Ireland 215,024 ------------ Italy--9.2% AEM SpA 14,685 49,040 Alleanza Assicurazioni SpA 3,014 40,181 Assicurazioni Generali SpA 1,391 61,025 Autogrill SpA 2,158 39,640 Autostrade SpA 1,199 34,451 Banca Carige SpA 7,349 34,959 Banca Intesa SpA 20,679 159,520 Banca Lombarda e Piemontese SpA 2,011 45,585 Banca Monte dei Paschi di Siena SpA 5,897 38,122 Banca Popolare di Milano S.c.r.l. 2,431 42,154 Banca Popolare Italiana 2,752 39,229 Banche Popolari Unite S.c.r.l. 1,299 35,663 Capitalia SpA 5,861 55,414 Enel SpA 23,535 242,534 Eni SpA 16,695 560,939 Finmeccanica SpA 1,551 41,989 Ifil Investments SpA 6,129 50,108 Luxottica Group SpA 1,343 41,228 Mediaset SpA 3,004 35,611 Mediobanca SpA 1,719 40,552 Sanpaolo IMI SpA 3,615 83,898 Snam Rete Gas SpA 7,766 44,009 Telecom Italia SpA 61,751 186,470 Terna SpA 12,124 41,047 UniCredito Italiano SpA 24,430 213,905 ------------ Total Italy 2,257,273 ------------ Netherlands--5.2% ABN AMRO Holding N.V. 6,273 201,421 Aegon N.V. 3,911 74,471 Akzo Nobel N.V. 576 35,098 Corio N.V. 292 23,834 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited)(continued) WisdomTree Europe Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Euronext N.V. 660 $ 77,893 Heineken Holding N.V. 480 19,495 Heineken N.V. 436 20,715 Hunter Douglas N.V. 256 20,558 ING Groep N.V. 5,933 262,793 Koninklijke DSM N.V. 432 21,322 Koninklijke Philips Electronics N.V. 1,703 64,159 Mittal Steel Co. N.V. 556 23,439 Randstad Holding N.V. 300 20,729 Reed Elsevier N.V. 1,691 28,810 Rodamco Europe N.V. 284 37,749 Royal KPN N.V. 7,685 109,141 TNT N.V. 746 32,049 Unilever N.V. 4,279 116,800 USG People N.V. 471 20,564 Vedior N.V. 838 17,360 Wereldhave N.V. 180 23,949 Wolters Kluwer N.V. 742 21,320 ------------ Total Netherlands 1,273,669 ------------ Norway--1.5% Acta Holding ASA 2,003 10,616 Aker ASA Class A 80 5,152 Aker Yards AS 80 6,206 Aktiv Kapital ASA 401 6,022 DnB NOR ASA 4,006 56,940 Ekornes ASA 300 6,890 Norsk Hydro ASA 2,203 68,464 Norske Skogindustrier ASA 802 13,847 Orkla ASA 401 22,735 ProSafe ASA 400 5,686 Schibsted ASA 200 7,163 Statoil ASA 3,005 79,754 Storebrand ASA 1,403 17,869 Telenor ASA 2,404 45,270 Tomra Systems ASA 802 5,539 Yara International ASA 701 15,959 ------------ Total Norway 374,112 ------------ Portugal--0.9% Banco BPI, S.A. 1,135 8,845 Banco Comercial Portugues S.A. Class R 8,050 29,722 Banco Espirito Santo, S.A. 1,191 21,390 Brisa-Auto-estradas de Portugal S.A. 1,263 15,739 CIMPOR-Cimentos de Portugal SGPS, S.A. 1,627 13,495 EDP-Energias de Portugal, S.A. 9,161 46,388 Jeronimo Martins, SGPS, S.A. 280 6,277 Mota-Engil, SGPS, S.A. 552 3,741 Portucel-Empresa Produtora De Pasta E Papel, S.A. 1,343 4,250 Portugal Telecom, SGPS, S.A. 4,063 52,720 SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 1,363 3,163 Semapa-Sociedade de Investimento e Gestao, SGPS, S.A. 436 5,082 Sonae SGPS, S.A. 2,807 5,589 ------------ Total Portugal 216,401 ------------ Spain--6.4% Abertis Infraestructuras S.A. (a) 1,035 30,708 Acciona, S.A. 148 27,537 Acerinox S.A. 1,107 33,647 ACS, Actividades Construccion y Servicios, S.A. 560 31,539 Altadis, S.A. 492 25,724 Antena 3 de Television, S.A. 950 22,349 Banco Bilbao Vizcaya Argentaria, Chile, S.A. 7,810 187,848 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited)(continued) WisdomTree Europe Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Banco Popular Espanol, S.A. 2,758 $ 49,934 Banco Sabadell, S.A. 624 27,902 Banco Santander Central Hispano S.A. 16,280 303,552 Bankinter, S.A. 332 26,092 Cia Espanola De Petroleos, S.A. (a) 444 34,778 Enagas 1,047 24,327 Endesa S.A. 2,226 105,172 Fomento de Construcciones y Contratas S.A. 304 30,947 Gas Natural SDG, S.A. 1,039 41,089 Gestevision Telecinco S.A. 1,123 31,957 Grupo Ferrovial S.A. 312 30,424 IBERDROLA, S.A. 2,107 92,021 Inditex S.A. 564 30,351 Metrovacesa, S.A. (a) 224 37,956 Repsol YPF, S.A. 2,342 80,913 Telefonica, S.A. 11,936 253,719 Union Fenosa, S.A. 552 27,296 ------------ Total Spain 1,587,782 ------------ Sweden--4.4% AB Industrivarden Class A 401 15,939 AB SKF Class B 802 14,826 AB Volvo Class A 401 28,480 AB Volvo Class B 1,102 75,931 Alfa Laval AB 401 18,107 Assa Abloy AB Class B 802 17,463 Atlas Copco AB Class A 802 26,956 Atlas Copco AB Class B 802 26,018 Electrolux AB Series B* 1,203 24,085 Eniro AB 1,203 15,910 H&M Hennes & Mauritz AB Class B 1,802 91,114 Hexagon AB Class B 401 17,141 Investment AB Kinnevik Class B 1,203 20,217 Investor AB Class A 802 19,455 Investor AB Class B 802 19,690 L E Lundbergforetagen AB Class B 200 12,977 Nordea Bank AB 8,012 123,523 Sandvik AB 2,404 34,955 Scania AB Class A 401 28,743 Scania AB Class B 401 28,187 Securitas AB Class B 802 12,453 Skandinaviska Enskilda Banken AB 1,602 50,918 Skanska AB Class B 802 15,822 SSAB Svenskt Stal AB Series A 1,503 35,692 Svenska Cellulosa Aktiebolaget SCA Class B 401 20,950 Svenska Handelsbanken AB Class A 1,602 48,460 Swedbank AB Class A 1,602 58,176 Swedish Match AB 802 15,002 Telefonaktiebolaget LM Ericsson Class A 4,006 16,157 Telefonaktiebolaget LM Ericsson Class B 20,030 80,934 TeliaSonera AB 10,015 82,324 ------------ Total Sweden 1,096,605 ------------ Switzerland--5.2% Adecco S.A. 324 22,096 Ciba Specialty Chemicals Holding Inc. 340 22,575 Credit Suisse Group 2,510 175,291 Givaudan S.A. 24 22,177 Holcim Ltd. 284 25,987 Julius Baer Holding Ltd. 236 25,945 Kuehne + Nagel International AG 268 19,463 Nestle S.A. 726 257,522 Novartis AG 3,294 189,566 Pargesa Holding S.A. 215 24,447 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited)(continued) WisdomTree Europe Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Roche Holding AG 660 $ 118,137 Serono S.A. 28 25,094 Swiss Reinsurance Co. 718 60,936 Swisscom AG 176 66,503 UBS AG 3,567 216,381 ------------ Total Switzerland 1,272,120 ------------ United Kingdom--34.3% Anglo American PLC 3,719 181,312 AstraZeneca PLC 3,082 165,516 Aviva PLC 9,609 154,587 BAE SYSTEMS PLC 19,331 161,078 Barclays PLC 22,222 317,490 BG Group PLC 10,140 137,529 BHP Billiton PLC 7,325 133,971 BP PLC 50,973 566,148 British American Tobacco PLC 5,857 163,807 British Sky Broadcasting PLC 12,260 125,252 BT Group PLC 31,885 188,147 Centrica PLC 24,570 170,469 Diageo PLC 7,749 152,039 GlaxoSmithKline PLC 13,457 353,973 HBOS PLC 12,109 268,274 HSBC Holdings PLC 37,423 681,888 Imperial Tobacco Group PLC 2,379 93,587 Land Securities Group PLC 3,991 181,449 Lloyds TSB Group PLC 30,312 339,043 Marks & Spencer Group PLC 12,728 178,608 National Grid PLC 11,521 166,181 Nichols PLC 132 637 Old Mutual PLC 44,654 152,285 Prudential PLC 12,408 169,869 Reckitt Benckiser PLC 3,499 159,834 Reed Elsevier PLC 12,920 141,730 Rio Tinto PLC 2,662 141,606 Royal Bank of Scotland Group (The) PLC 12,993 506,805 Royal Dutch Shell PLC Class A 10,090 355,515 Royal Dutch Shell PLC Class B 7,078 247,963 SABMiller PLC 7,397 170,105 Sage Group PLC (The) 32,104 170,275 Scottish & Southern Energy PLC 6,089 185,192 Standard Chartered PLC 5,530 161,480 Tesco PLC 20,930 165,696 Unilever PLC 5,973 166,934 Vodafone Group PLC 149,353 413,614 Wolseley PLC 6,221 150,123 WPP Group PLC 10,756 145,358 ------------ Total United Kingdom 8,485,369 ------------ TOTAL COMMON STOCKS (Cost: $22,539,014) 24,537,817 ------------ SHORT-TERM INVESTMENT--0.4% MONEY MARKET FUND--0.4% United States--0.4% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $97,971) 97,971 97,971 ------------ See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited)(continued) WisdomTree Europe Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED--0.1% MONEY MARKET FUND (c)--0.1% UBS Private Money Market Fund LLC, 5.21% (Cost: $23,188) (d) 23,188 $ 23,188 ------------ TOTAL INVESTMENTS IN SECURITIES --100.0% (Cost: $22,660,173) (e) 24,658,976 Liabilities in Excess of Foreign Cash and Other Assets--(0.0)% (2,916) ------------ Net ASSETS--100.0% $ 24,656,060 ============ * Non-income producing security. (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $22,078 and the total market value of the collateral held by the Fund was $23,188. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 7 WisdomTree Europe Total Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 34.1% Consumer Non-Cyclical 14.2% Communications 13.3% Energy 10.9% Utilities 7.5% Industrial 7.4% Consumer Cyclical 5.7% Basic Materials 4.8% Technology 0.9% Diversified 0.7% Short-Term Investment 0.4% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree Europe High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.4% Austria--0.1% BOEHLER-UDDEHOLM AG 280 $ 19,606 ----------- Belgium--3.3% Almancora SCA 353 50,272 Belgacom S.A. 4,412 194,143 Compagnie Maritime Belge S.A. 1,052 45,237 Dexia N.V. 6,714 183,708 Euronav N.V. 860 25,675 Fortis N.V. 14,961 637,620 Gimv N.V. 317 19,822 Melexis N.V. 646 11,756 Mobistar S.A. 510 43,478 Tessenderlo Chemie N.V. 480 20,444 ----------- Total Belgium 1,232,155 ----------- Denmark--0.8% A/S Dampskibsselskabet TORM 651 42,608 Danske Bank A/S 5,708 253,438 ----------- Total Denmark 296,046 ----------- Finland--2.6% Citycon Oyj 1,502 10,002 Elisa Oyj Class A 1,506 41,207 Fiskars Oyj Abp Class A 903 14,634 Fortum Oyj 11,145 316,854 Kesko Oyj Class B 453 23,906 OKO Bank PLC Class A 1,807 30,262 Poyry Oyj 1,206 18,765 Rautaruukki Oyj 1,807 71,841 Sampo Oyj Class A 4,668 124,833 Sanoma-WSOY Oyj 1,506 42,399 Sponda Oyj 604 9,558 Stora Enso Oyj Class R 5,119 81,002 TietoEnator Oyj 603 19,433 UPM-Kymmene Corp. 4,819 121,500 Uponor Corp. 603 22,550 ----------- Total Finland 948,746 ----------- France--10.2% Assurances Generales de France 1,370 213,354 Bail Investissement Fonciere 413 40,110 BNP Paribas 6,654 725,195 Casino Guichard Perrachon S.A. 908 84,292 Euler Hermes S.A. 510 73,707 France Telecom S.A. 44,272 1,223,045 Gecina S.A. 644 123,136 M6, Metropole Television 1,708 60,946 PagesJaunes Groupe S.A. 3,840 76,309 Rallye S.A. 513 27,755 Societe Generale 3,228 547,399 Unibail 378 92,263 Valeo S.A. 889 36,962 Vivendi S.A. 11,196 437,151 ----------- Total France 3,761,624 ----------- Germany--4.2% AWD Holding AG 371 15,665 DaimlerChrysler AG 7,676 473,708 Deutsche Euroshop AG 215 15,922 Deutsche Lufthansa AG 3,408 93,699 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited)(continued) WisdomTree Europe High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Deutsche Telekom AG 49,463 $ 902,706 Grammer AG 465 15,814 Indus Holding AG 401 15,652 Norddeutsche Affinerie AG (a) 1,004 28,133 ----------- Total Germany 1,561,299 ----------- Ireland--0.6% Allied Irish Banks PLC 6,565 195,820 Fyffes PLC 3,684 8,647 Independent News & Media PLC 6,474 25,696 ----------- Total Ireland 230,163 ----------- Italy--13.6% AEM SpA 15,310 51,127 Alleanza Assicurazioni SpA 6,852 91,348 Arnoldo Mondadori Editore SpA 8,678 90,631 ASM SpA 9,315 50,945 Autostrada Torino-Milano SpA 2,235 50,308 Banca Fideuram SpA 15,181 99,992 Banca Intesa SpA 59,079 455,742 Banche Popolari Unite S.c.r.l. 2,964 81,375 Enel SpA 67,220 692,718 Eni SpA 47,696 1,602,548 Mediaset SpA 8,174 96,900 Milano Assicurazioni SpA 6,027 49,076 Sanpaolo IMI SpA 10,314 239,370 Snam Rete Gas SpA 22,188 125,737 Telecom Italia SpA 176,411 532,710 Terna SpA 27,602 93,450 UniCredito Italiano SpA 70,802 619,931 ----------- Total Italy 5,023,908 ----------- Netherlands--6.8% ABN AMRO Holding N.V. 17,952 576,423 Aegon N.V. 11,172 212,730 Corio N.V. 728 59,423 Eurocommercial Properties N.V. 962 47,964 Heijmans N.V. 752 41,311 ING Groep N.V. 16,938 750,242 Koninklijke Wessanen N.V. 1,806 24,410 Rodamco Europe N.V. 806 107,134 Royal KPN N.V. 21,966 311,958 Unilever N.V. 12,224 333,667 Wereldhave N.V. 378 50,294 ----------- Total Netherlands 2,515,556 ----------- Norway--0.9% ABG Sundal Collier ASA 6,009 12,546 Acta Holding ASA 4,509 23,898 Aker Yards AS 180 13,963 Aktiv Kapital ASA 100 1,502 Camillo Eitzen & Co. AS 611 6,624 DnB NOR ASA 11,917 169,386 Ekornes ASA 601 13,803 Norske Skogindustrier ASA 2,404 41,506 Sparebanken Midt-Norge 601 7,915 Storebrand ASA 3,205 40,820 Veidekke ASA 300 11,419 ----------- Total Norway 343,382 ----------- Portugal--0.9% CIMPOR - Cimentos de Portugal SGPS, S.A. 4,658 38,635 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited)(continued) WisdomTree Europe High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- EDP-Energias de Portugal S.A. 26,376 $ 133,558 Portugal Telecom, SGPS, S.A. 11,701 151,827 SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 2,500 5,802 Semapa-Sociedade de Investimento e Gestao, SGPS, S.A. 1,238 14,431 ----------- Total Portugal 344,253 ----------- Spain--5.8% Antena 3 de Television, S.A. (a) 1,915 45,050 Banco Santander Central Hispano, S.A. 46,649 869,803 Endesa S.A. 6,360 300,493 Gas Natural SDG, S.A. 2,952 116,741 Gestevision Telecinco S.A. 3,198 91,004 Iberdrola, S.A. 6,022 263,003 Telefonica S.A. 20,796 442,053 ----------- Total Spain 2,128,147 ----------- Sweden--4.0% AB Industrivarden Class C 100 3,734 AB Volvo Class A 1,302 92,470 Axfood AB 601 24,855 Castellum AB 1,803 24,043 D. Carnegie & Co. AB 1,000 21,555 Electrolux AB Series B 2,404 48,129 Fabege AB 1,202 32,233 H&M Hennes & Mauritz AB Class B 5,408 273,443 Holmen AB Class B 601 26,172 Kungsleden Fastighets AB 1,803 27,666 Nordea Bank AB 21,532 331,963 Ratos AB Class B 1,202 28,544 Scania AB Class A 1,102 78,990 Skanska AB Class B 3,606 71,140 Svenska Cellulosa Aktiebolaget SCA Class B 1,602 83,694 Svenska Handelsbanken AB Class A 4,807 145,411 Swedank AB 4,206 152,739 Trelleborg AB Class B 800 19,173 ----------- Total Sweden 1,485,954 ----------- Switzerland--0.7% Ciba Specialty Chemicals Holding Inc. 596 39,572 EMS-Chemie Holding AG 150 18,014 Swisscom AG 561 211,978 ----------- Total Switzerland 269,564 ----------- United Kingdom--44.9% Alliance & Leicester PLC 11,432 254,618 Aviva PLC 19,892 320,018 Barclays PLC 63,482 906,979 BP PLC 145,600 1,617,155 Boots PLC 10,274 168,403 British American Tobacco PLC 16,728 467,844 BT Group PLC 91,102 537,575 Cable & Wireless PLC 18,835 58,151 Centrica PLC 47,420 329,005 Compass Group PLC 27,859 158,120 Diageo PLC 22,152 434,633 DSG International PLC 42,043 157,575 Gallaher Group PLC 4,067 91,258 Hanson PLC 19,796 298,521 HBOS PLC 34,591 766,361 HSBC Holdings PLC 106,909 1,947,995 Imperial Tobacco Group PLC 8,048 316,598 Kingfisher PLC 59,999 280,064 Legal & General Group PLC 108,895 335,670 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited)(continued) WisdomTree Europe High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Lloyds TSB Group PLC 86,558 $ 968,160 National Grid PLC 27,326 394,156 Old Mutual PLC 86,186 293,923 Pearson PLC 18,528 279,762 Rentokil Initial PLC 93,015 301,738 Royal Bank of Scotland Group (The) PLC 25,632 999,801 Royal Dutch Shell PLC Class A 28,822 1,015,524 Scottish & Newcastle PLC 15,327 167,835 Scottish & Southern Energy PLC 11,738 357,001 Scottish Power PLC 23,624 345,843 Smiths Group PLC 15,692 304,507 Unilever PLC 11,510 321,683 United Utilities PLC 13,941 212,820 Vodafone Group PLC 426,645 1,181,537 ----------- Total United Kingdom 16,590,833 ----------- TOTAL COMMON STOCKS (Cost: $33,260,689) 36,751,236 ----------- SHORT-TERM INVESTMENT--0.7% MONEY MARKET FUND--0.7% United States--0.7% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $239,932) 239,932 239,932 ----------- INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--0.1% MONEY MARKET FUNDS (c)--0.1% UBS Enhanced Yield Portfolio, 5.23%, 5,381 5,381 UBS Private Money Market Fund LLC, 5.21% 36,171 36,171 ----------- TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $41,552) (d) 41,552 ----------- TOTAL INVESTMENTS IN SECURITIES--100.2% (Cost: $33,542,173) (e) 37,032,720 Liabilities in Excess of Foreign Cash and Other Assets--(0.2)% (73,828) ----------- NET ASSETS--100.0% $36,958,892 =========== (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $39,555 and the total market value of the collateral held by the Fund was $41,552. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 4 WisdomTree Europe High-Yielding Equity Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 41.9% Communications 19.1% Energy 11.5% Utilities 10.2% Consumer Non-Cyclical 7.2% Consumer Cyclical 5.0% Industrial 3.0% Basic Materials 1.4% Technology 0.1% Diversified 0.0% # Short-Term Investment 0.7% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. # Amount represents less than 0.05%. Schedule of Investments (unaudited) WisdomTree Europe SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.1% Austria--0.8% AT&S Austria Technologie & Systemtechnik AG 1,141 $ 34,229 Flughafen Wien AG 1,686 165,409 Schoeller-Bleckmann Oilfield Equipment AG 390 17,876 Semperit AG Holding 1,466 54,360 ------------ Total Austria 271,874 ------------ Belgium--4.6% Barco N.V. 881 80,159 Compagnie Maritime Belge S.A. 12,882 553,942 Cumerio N.V. 2,197 52,727 Econocom Group S.A./N.V. 1,616 14,192 Euronav N.V. 10,350 308,991 EVS Broadcast Equipment S.A. 936 54,060 Gimv N.V. 3,956 247,370 Melexis N.V. 3,818 69,478 Tessenderlo Chemie N.V. 3,069 130,716 ------------ Total Belgium 1,511,635 ------------ Bermuda--0.5% Hiscox Ltd. 27,889 152,969 ------------ Denmark--2.6% A/S Dampskibsselskabet TORM (a) 8,210 537,351 Amagerbanken A/S 380 25,140 Auriga Industries A/S Class B (a) 1,011 28,346 Bang & Olufsen A/S Class B 505 65,033 NKT Holding A/S 1,461 129,092 Spar Nord Bank A/S 2,017 48,703 ------------ Total Denmark 833,665 ------------ Finland--5.4% Amer Sports Oyj 5,300 116,574 Aspo Oyj 3,788 33,966 CapMan Oyj Class B 2,249 8,956 Citycon Oyj 15,143 100,840 Comptel PLC 5,680 13,482 Elcoteq SE 2,100 27,082 Elektrobit Group Oyj (a) 9,593 26,059 Finnair Oyj 5,049 82,624 Finnlines Oyj 2,517 57,088 Fiskars Oyj Abp Class A 5,805 94,077 HK Ruokatalo Oyj Class A 2,017 38,566 KCI Konecranes PLC 2,922 85,924 Kemira GrowHow Oyj 9,088 81,371 Kyro Oyj Abp 4,038 22,098 Lassila & Tikanoja Oyj 2,522 72,033 M-real Oyj Class B 20,192 127,539 Perlos Oyj 1,767 8,179 PKC Group Oyj 1,516 24,489 Ponsse Oyj 2,222 38,091 Poyry Oyj 5,555 86,436 Raisio PLC Class V 5,994 14,148 Rakentajain Konevuokraam Class B 1,516 37,783 Ramirent Oyj 1,311 77,448 Rapala VMC Oyj 1,516 12,374 Scanfil Oyj 4,544 14,201 Sponda Oyj 12,115 191,705 Stockmann Oyj Abp Class B 2,722 130,940 Talentum Oyj 9,593 41,618 Technopolis PLC 2,017 20,480 Vacon PLC 705 24,264 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree Europe SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Vaisala Oyj Class A 1,311 $ 57,170 ------------ Total Finland 1,767,605 ------------ France--2.6% Acanthe Developpement S.A. 17,464 83,365 Alain Afflelou S.A. 1,031 50,303 Assystem 886 17,992 Bacou Dalloz 260 34,765 Canal Plus S.A. 12,106 119,089 CFF RECYCLING 966 38,724 FONCIA Groupe 1,016 49,571 Groupe Steria SCA 345 20,677 Haulotte Group 505 13,452 Ingenico 656 16,825 Kaufman & Broad S.A. 1,006 62,799 Lectra 2,672 19,485 Manitou BF S.A. 2,494 124,971 Oberthur Card Systems S.A. 5,275 35,127 Provimi S.A. 651 27,899 Rodriguez Group 465 22,902 Ste Industrielle d'Aviation Latecoere S.A. 821 25,766 Trigano S.A. 841 43,572 Viel et Compagnie 6,421 40,219 ------------ Total France 847,503 ------------ Germany--5.6% AWD Holding AG 4,524 191,018 Balda AG 2,000 18,778 BayWa AG 991 31,729 Bechtle AG (a) 1,196 30,359 Comdirect Bank AG (a) 9,693 117,975 Curanum AG 1,256 11,428 DAB Bank AG 4,519 41,713 Deutsche Beteiligungs AG 803 21,252 Deutsche Euroshop AG 1,736 128,560 ElringKlinger AG 966 61,806 Gerry Weber International AG 1,086 25,276 Grammer AG 1,201 40,844 H&R WASAG AG 651 32,947 IDS Scheer AG 841 17,112 Indus Holding AG 1,857 72,483 Kloeckner-Werke AG 10,192 149,181 Krones AG 335 51,172 Leoni AG 1,406 57,326 Medion AG (a) 2,112 22,475 MPC Muenchmeyer Petersen Capital AG 1,957 172,410 MVV Energie AG 4,393 150,613 Norddeutsche Affinerie AG (a) 4,449 124,667 Sixt AG (a) 565 31,657 Software AG 1,326 104,456 Takkt AG 2,152 37,316 Vossloh AG 1,111 83,711 ------------ Total Germany 1,828,264 ------------ See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree Europe SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Ireland--1.3% Abbey PLC 2,297 $ 33,042 Fyffes PLC 43,838 102,896 Glanbia PLC 16,870 67,516 Greencore Group PLC 17,639 106,995 McInerney Holdings PLC 1,556 29,722 Paddy Power PLC 1,822 36,495 United Drug PLC 7,772 40,195 ------------ Total Ireland 416,861 ------------ Italy--6.5% Aedes SPA 7,607 61,590 AEM Torino SpA 34,033 110,848 Astaldi SpA 3,618 26,979 Azimut Holding SpA 2,062 27,571 Banca IFIS SpA 1,316 17,579 Banca Intermobiliare SpA (a) 12,029 132,607 Banca Piccolo Credito Valtellinese Scarl 8,562 137,967 Banca Popolare dell'Etruria e del Lazio 2,467 50,814 Banca Popolare di Intra Scarl 1,696 31,265 Banca Profilo SpA 18,726 59,510 Banco di Desio e della Brianza SpA 3,618 40,529 Brembo SpA 4,564 55,669 Caltagirone Editore SpA 8,707 72,506 Caltagirone SpA 1,787 18,686 Cam Finanziara SpA 14,147 26,863 Cementir SpA 5,585 50,043 COFIDE - Compagnia Finanziaria De Benedetti SpA 24,411 35,537 Credito Artigiano SpA 12,991 63,383 Cremonini SpA 36,667 116,163 Ergo Previdenza SpA 7,727 51,201 Fiera Milano SpA 2,777 32,353 Gewiss SpA 3,598 27,518 GranitiFiandre SpA 1,246 13,473 IMMSI SpA 8,918 25,048 Indesit Co. SpA 10,053 163,583 Industria Macchine Automatiche SpA 3,938 58,420 Interpump Group SpA 4,379 39,583 Isagro SpA 1,251 12,521 Marzotto SpA 4,249 19,204 Mirato SpA 1,261 14,467 Mittel SpA 3,923 29,254 Monrif SpA 9,493 16,111 Navigazione Montanari SpA 6,370 31,919 Permasteelisa SpA 1,376 25,493 Premafin Finanziaria SpA 4,859 15,826 Premuda SpA 13,902 28,946 Recordati SpA 10,775 82,622 Societa Iniziative Autostradali e Servizi SpA 12,710 188,886 SOGEFI SpA 8,342 64,681 Sol SpA 3,203 20,358 Vittoria Assicurazioni SpA 1,046 16,814 ------------ Total Italy 2,114,390 ------------ Netherlands--5.4% ARCADIS N.V. 636 39,166 Beter Bed Holding N.V. 1,802 45,861 Binck N.V. 977 18,887 Eurocommercial Properties N.V. 4,704 234,533 Getronics N.V. 2,557 20,703 Heijmans N.V. 2,322 127,559 Imtech N.V. 1,997 126,769 Koninklijke Wessanen N.V. 10,122 136,811 Macintosh Retail Group N.V. 1,266 42,570 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree Europe SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Nieuwe Steen Investments N.V. 5,975 $ 176,173 OCE N.V. 9,924 162,138 Smit Internationale NV 1,552 83,601 Telegraaf Media Groep N.V. 2,557 66,930 Ten Cate N.V. 1,371 41,961 Univar N.V. 1,471 82,322 Van der Moolen Holding N.V. 2,307 13,537 VastNed Offices 2,993 117,415 VastNed Retail N.V. 1,866 189,466 Wegener N.V. 1,091 15,811 ------------ Total Netherlands 1,742,213 ------------ Norway--3.9% ABG Sundal Collier ASA 75,720 158,096 Acta Holding ASA 55,528 294,301 Aker Yards AS 2,257 175,083 Aktiv Kapital ASA 4,000 60,067 Camillo Eitzen & Co. ASA 4,444 48,178 EDB Business Partner ASA 2,017 17,898 Ekornes ASA 5,555 127,581 Expert ASA 2,017 32,395 Hafslund ASA Class B 2,522 47,189 Leroy Seafood Group ASA 505 8,922 Solstad Offshore ASA 805 17,713 Sparebanken Midt-Norge 9,388 123,638 Tomra Systems ASA 2,928 20,221 Veidekke ASA 3,328 126,677 ------------ Total Norway 1,257,959 ------------ Portugal--1.2% Corticeira Amorim-Industria S.A. 8,664 22,393 Finibanco Holding SGPS S.A. 6,075 30,201 Mota-Engil, SGPS, S.A. 11,495 77,912 SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 29,766 69,082 Semapa-Sociedade de Investimento e Gestao, SGPS, S.A. 15,663 182,582 ------------ Total Portugal 382,170 ------------ Spain--1.7% Campofrio Alimentacion S.A. 4,839 88,631 Dinamia Capital Privado S.C.R., S.A. 836 25,895 Europistas, Concesionaria Espanola S.A. 7,421 77,307 Faes Farma S.A. 2,147 74,346 Grupo Duro Felguera S.A. 3,399 33,302 Grupo Empresarial Ence S.A. 1,921 106,391 Miquel y Costas & Miquel, S.A. 460 14,370 Prosegur Cia de Seguridad S.A. 2,412 78,560 Tubacex S.A. 2,657 17,308 Tubos Reunidos, S.A. 1,456 35,212 ------------ Total Spain 551,322 ------------ Sweden--10.8% AB Industrivarden Class C 5,049 188,517 AddTech AB Class B 1,417 28,472 Avanza AB 1,011 18,209 Axfood AB 6,355 262,818 Bergman & Beving AB Class B 1,411 39,280 Bilia AB Class A 4,038 65,058 Billerud AB 4,038 71,696 Brostrom AB Class B (a) 4,538 99,474 Cardo AB 2,522 95,823 Castellum AB 16,954 226,078 Clas Ohlson AB Class B (a) 2,522 51,782 Concordia Maritime AB Class B 2,017 16,211 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree Europe SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- D. Carnegie AB 11,105 $ 239,367 Fabege AB 13,926 373,436 Gunnebo AB 2,017 23,286 Haldex AB 1,511 36,102 HIQ International AB 5,266 32,552 Hoganas AB Class B 4,038 105,922 Hufvudstaden AB Class A 13,821 156,529 Intrum Justitia AB 6,055 78,530 Invik & Co. AB 1,011 22,309 JM AB 4,943 119,909 Klovern AB 12,621 55,331 Kungsleden AB 16,154 247,869 Munters AB 1,261 58,415 NCC AB Class B 4,544 124,507 Nibe Industrier AB Class B 2,022 33,981 Nolato AB Class B 2,017 20,928 Novestra AB 6,700 15,959 ORC Software AB 2,717 46,256 Oresund Investment AB 6,055 158,830 Peab AB 5,049 119,898 Q-Med AB 2,017 31,465 SkiStar AB 3,028 52,215 SSAB Svenskt Stal AB Series B 4,049 91,418 Svenska Handelsbanken Class B 1,916 58,799 Wallenstam Byggnads AB Class B 3,028 62,392 ------------ Total Sweden 3,529,623 ------------ Switzerland--0.3% Ascom Holding AG 1,356 17,051 Kudelski S.A. 1,156 43,467 Swiss Steel AG 509 38,382 ------------ Total Switzerland 98,900 ------------ United Kingdom--45.9% Abacus Group PLC 8,527 31,458 Abbot Group PLC 8,207 51,078 Aero Inventory PLC 3,533 25,428 Aga Foodservice Group PLC 7,777 65,754 Aggreko PLC 17,949 152,986 Alba PLC 5,940 24,094 Alexon Group PLC 6,310 23,186 Alfred McAlpine PLC 7,732 87,618 Alphameric PLC 10,374 9,695 Amstrad PLC 8,362 25,612 Anglo Pacific Group PLC 8,272 23,758 Arla Foods UK PLC 43,307 54,033 Atkins WS PLC 4,309 68,901 Atrium Underwriting PLC 6,631 33,483 Babcock International Group PLC 8,137 63,821 Beazley Group PLC 38,043 103,494 Bespak PLC 2,362 29,077 Big Yellow Group PLC 2,332 32,177 Blacks Leisure Group PLC 2,102 16,435 Bodycote International PLC 20,618 92,105 Bovis Homes Group PLC 9,543 202,459 BPP Holdings PLC 4,509 46,595 Brewin Dolphin Holdings PLC 15,068 54,778 Brit Insurance Holdings PLC 64,534 398,801 British Polythene Industries PLC 2,700 23,793 BSS Group PLC 4,254 36,030 Business Post Group PLC 7,922 68,065 Capital & Regional PLC 3,578 107,981 Carillion PLC 19,681 152,823 Carpetright PLC 7,386 189,511 Castings PLC 3,963 20,554 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree Europe SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Centaur Media PLC 6,901 $ 18,605 Charles Taylor Consulting PLC 2,642 20,257 Chaucer Holdings PLC 38,468 75,288 Chemring Group PLC 896 27,707 Chesnara PLC 21,228 73,018 Chloride Group PLC 13,136 40,620 Christian Salvesen PLC 42,011 54,678 Clarkson PLC 1,306 20,972 Clinton Cards PLC 35,946 42,915 communisis PLC 23,505 38,757 Computacenter PLC 14,725 77,379 Cranswick PLC 2,847 50,455 Crest Nicholson PLC 8,867 107,335 Croda International PLC 10,153 116,245 Dairy Crest Group PLC 16,583 220,372 Dart Group PLC 6,804 16,512 Datamonitor PLC 3,153 33,014 Davis Service Group PLC 19,316 190,534 Dawson Holdings PLC 10,259 21,082 De La Rue PLC 16,859 212,657 Dechra Pharmaceuticals PLC 3,348 17,266 Delta PLC 11,034 34,444 Derwent Valley Holdings PLC 1,556 63,860 Devro PLC 16,809 40,135 Diploma PLC 1,636 28,033 Domestic & General Group PLC 3,463 84,652 Domino Printing Sciences PLC 7,466 47,380 Domino's Pizza UK & IRL PLC 2,117 24,694 DS Smith PLC 59,866 229,647 DTZ Holdings PLC 1,812 29,612 E2V Technologies PLC 3,843 29,333 Elementis PLC 16,259 26,491 Ennstone PLC 23,120 21,154 Enterprise PLC 3,893 41,448 Erinaceous Group PLC 5,615 38,078 Euromoney Institutional Investor PLC 9,919 106,092 European Motor Holdings PLC 3,528 33,575 Expro International Group PLC 3,743 64,759 Fenner PLC 12,881 54,580 Filtrona PLC 12,621 64,594 Findel PLC 7,821 109,444 FKI PLC 65,967 133,303 Forth Ports PLC 3,508 147,749 French Connection Group PLC 7,266 28,797 Future PLC 38,553 34,332 Galliford Try PLC 14,462 46,419 Game Group PLC 27,649 61,419 Games Workshop Group PLC 5,590 43,598 GCAP Media PLC 17,765 71,189 Genus PLC 2,497 26,097 Go-Ahead Group PLC 4,263 197,987 Grainger Trust PLC 3,368 45,812 Great Portland Estates PLC 11,494 156,006 Greggs PLC 1,136 95,603 Halfords Group PLC 27,282 196,359 Halma PLC 35,936 162,116 Hardy Underwriting Group PLC 3,828 19,273 Headlam Group PLC 7,737 93,126 Helical Bar PLC 2,507 23,257 Helphire PLC 5,795 44,233 Highway Insurance Holdings PLC 40,540 61,887 Hill & Smith Holdings PLC 3,743 19,852 Hitachi Capital UK PLC 5,840 29,317 HMV Group PLC 45,214 126,763 Holidaybreak PLC 5,544 84,091 Homeserve PLC 2,334 86,335 Hornby PLC 3,323 17,771 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree Europe SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Hunting PLC 4,999 $ 58,703 Huntleigh Technology PLC 3,098 28,998 IG Group Holdings PLC 5,860 33,317 Interior Services Group PLC 2,522 14,018 Intermediate Capital Group PLC 6,795 225,415 Interserve PLC 11,135 87,389 iSOFT Group PLC 17,975 19,877 ITE Group PLC 14,763 50,275 J D Wetherspoon PLC 4,984 67,842 James Fisher & Sons PLC 2,767 32,763 James Halstead PLC 7,091 71,646 Jardine Lloyd Thompson Group PLC 33,853 278,604 JJB Sports PLC 34,655 159,557 John Menzies PLC 5,565 55,138 Johnson Service Group PLC 7,141 49,370 Keller Group PLC 3,818 67,214 Kensington Group PLC 2,832 43,787 Kier Group PLC 1,816 77,126 Kiln PLC 28,640 68,945 Laird Group PLC 11,800 95,380 Liontrust Asset Management PLC 2,587 18,506 London Merchant Securities 22,705 135,755 London Scottish Bank PLC 19,962 44,538 Lookers PLC 8,007 27,346 Luminar PLC 5,885 83,965 Majestic Wine PLC 3,378 23,272 Marshalls PLC 14,973 104,031 McBride PLC 14,152 54,495 McKay Securities PLC 3,338 29,856 Metalrax Group PLC 26,082 32,670 Minerva PLC 3,593 28,480 Mitie Group PLC 15,869 77,334 MJ Gleeson Group PLC 2,727 20,548 Morgan Sindall PLC 2,982 77,505 Morse PLC 19,787 41,824 Mothercare PLC 4,904 37,312 MP Evans Group PLC 4,369 25,973 N Brown Group PLC 22,264 122,879 Nichols PLC 4,544 21,913 Northern Foods PLC 127,880 287,197 Northgate PLC 4,233 99,912 Numis Corp PLC 2,792 15,300 Office2office PLC 3,703 17,647 Paragon Group of Cos. (The) PLC 6,185 80,922 Pendragon PLC 41,010 80,263 Photo-Me International PLC 23,901 41,983 Premier Farnell PLC 47,621 184,073 Premier Foods PLC 37,641 222,296 Primary Health Properties PLC 1,912 20,029 Psion PLC 5,179 11,454 PZ Cussons PLC 30,530 98,590 Quintain Estates & Development PLC 6,695 112,032 RAB Capital PLC 10,474 21,524 Rathbone Brothers PLC 3,653 85,651 Redrow PLC 11,369 158,982 Renishaw PLC 4,334 63,532 Rensburg Sheppards PLC 1,977 32,618 Restaurant Group PLC 13,602 82,326 Ricardo PLC 4,329 28,023 RM PLC 6,471 24,601 Robert Walters PLC 2,687 17,183 Robert Wiseman Dairies PLC 4,924 54,401 ROK PLC 1,681 29,791 Rotork PLC 5,784 94,523 royalblue group PLC 976 19,828 RPC Group PLC 8,282 41,009 RPS Group PLC 5,910 31,230 See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree Europe SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Savills PLC 8,737 $ 116,277 Schroders PLC 4,924 100,803 ScS Upholstery PLC 3,248 32,483 Senior PLC 28,384 35,553 Severfield-Rowen PLC 1,306 35,248 Shaftesbury PLC 3,608 55,361 Shanks Group PLC 22,194 99,254 SMG PLC 24,600 31,776 Songbird Estates PLC Class B 78,161 534,641 Spectris PLC 8,712 133,592 Speedy Hire PLC 1,877 44,267 Spirax-Sarco Engineering PLC 5,584 109,287 SSL International PLC 11,245 81,375 St. Ives Group PLC 21,814 125,945 St. Modwen Properties PLC 6,150 70,413 T. Clarke PLC 4,489 17,681 TDG PLC 14,507 75,666 Ted Baker PLC 2,587 29,746 Thorntons PLC 10,734 29,464 Titan Europe PLC 5,084 23,806 Topps Tiles PLC 19,528 102,810 Tribal Group PLC 3,408 8,404 TT electronics PLC 26,738 136,059 Ultra Electronics Holdings PLC 3,367 71,630 Umbro PLC 11,585 30,326 Umeco PLC 3,348 31,190 Uniq PLC 16,359 72,759 UNITE Group PLC 2,012 21,540 UTV PLC 4,394 31,453 Victrex PLC 4,084 64,224 Vitec Group (The) PLC 3,293 34,061 Vp PLC 2,612 16,308 VT Group PLC 10,364 96,399 Wagon PLC 13,100 40,317 Warner Estate Holdings PLC 4,804 81,329 Wellington Underwriting PLC 53,911 131,890 Whatman PLC 5,335 27,670 White Young Green PLC 2,192 19,563 Wilmington Group PLC 4,634 21,381 Wincanton PLC 11,765 77,943 Woolworths Group PLC 199,857 133,969 Workspace Group PLC 5,325 51,849 WSP Group PLC 2,532 28,370 Xansa PLC 37,632 63,893 XP Power PLC 1,912 15,249 Yule Catto & Co. PLC 18,276 82,984 Zetex PLC 11,210 14,261 ------------ Total United Kingdom 14,956,902 ------------ TOTAL COMMON STOCKS (Cost: $25,378,815) 32,263,855 ------------ RIGHTS*--0.0% Germany--0.0% H&R WASAG AG, expiring 1/16/07 (Cost: $0) 651 13,498 ------------ TOTAL LONG-TERM INVESTMENTS (Cost: $25,378,815) 32,277,353 ------------ See Notes to Schedule of Investments. 8 Schedule of Investments (unaudited) (continued) WisdomTree Europe SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- SHORT-TERM INVESTMENT--1.9% MONEY MARKET FUND--1.9% United States--1.9% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $615,193) 615,193 $ 615,193 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--3.6% MONEY MARKET FUNDS (c)--3.6% UBS Enhanced Yield Portfolio, 5.23% 603,656 603,656 UBS Private Money Market Fund LLC, 5.21% 555,937 555,937 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $1,159,593) (d) 1,159,593 ------------ TOTAL INVESTMENTS IN SECURITIES--104.6% (Cost: $27,153,601) (e) 34,052,139 Liabilities in Excess of Foreign Cash and Other Assets--(4.6)% (1,503,341) ------------ NET ASSETS--100.0% $ 32,548,798 ============ * Non-income producing security. (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $1,054,060 and the total market value of the collateral held by the Fund was $1,159,593. (e) Aggregate cost for Federal income tax purposes was substantially the same as for book purposes. See Notes to Schedule of Investments. 9 WisdomTree Europe SmallCap Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 28.3% Industrial 26.7% Consumer Non-Cyclical 16.2% Consumer Cyclical 14.7% Basic Materials 4.3% Communications 2.9% Technology 2.7% Diversified 2.0% Utilities 1.0% Energy 0.3% Short-Term Investment 1.9% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Japan - 100.0% COMMON STOCKS--100.0% Advertising--0.1% Hakuhodo DY Holdings, Inc. 500 $ 32,437 ----------- Agriculture--0.9% Japan Tobacco, Inc. 50 241,282 ----------- Airlines--0.1% All Nippon Airways Co., Ltd. 10,000 35,332 ----------- Apparel--0.0% Onward Kashiyama Co., Ltd. 160 2,040 ----------- Auto Manufacturers--13.9% Daihatsu Motor Co., Ltd. 5,000 50,397 Fuji Heavy Industries Ltd. 10,000 51,278 Hino Motors Ltd. 5,000 25,681 Honda Motor Co., Ltd. 14,000 552,222 Isuzu Motors Ltd. 15,000 70,371 Mazda Motor Corp. 5,000 34,115 Nissan Motor Co., Ltd. 62,000 745,634 Suzuki Motor Corp. 2,000 56,397 Toyota Motor Corp. 33,300 2,224,564 ----------- Total Auto Manufacturers 3,810,659 ----------- Auto Parts & Equipment--2.6% Aisin Seiki Co., Ltd. 1,500 50,229 Bridgestone Corp. 5,500 122,550 DENSO CORP 6,000 237,674 JTEKT Corp. 2,000 42,382 NGK Spark Plug Co., Ltd. 2,000 37,598 NHK Spring Co., Ltd. 5,000 52,495 NOK Corp. 1,500 29,457 Sumitomo Rubber Industries, Inc. 3,500 45,147 Toyoda Gosei Co., Ltd. 2,000 46,242 Toyota Boshoku Corp. 2,500 54,026 ----------- Total Auto Parts & Equipment 717,800 ----------- Banks--6.8% Bank of Fukuoka Ltd. (The) 5,000 36,423 Bank of Kyoto Ltd. (The) 5,000 46,578 Bank of Yokohama Ltd. (The) 10,000 78,217 Chiba Bank Ltd. (The) 5,000 42,214 Chugoku Bank Ltd. (The) 5,000 65,545 Gunma Bank Ltd. (The) 5,000 30,003 Hachijuni Bank Ltd. (The) 5,000 32,689 Hiroshima Bank Ltd. (The) 5,000 28,954 Hokuhoku Financial Group, Inc. 10,000 36,591 Iyo Bank Ltd. (The) 5,000 47,040 Joyo Bank Ltd. (The) 5,000 27,569 Mitsubishi UFJ Financial Group, Inc. 40 493,475 Mitsui Trust Holdings, Inc. 5,000 57,320 Mizuho Financial Group, Inc. 35 249,675 Mizuho Trust & Banking Co., Ltd. (a) 15,000 33,234 Nishi-Nippon City Bank Ltd. (The) 10,000 42,969 Shinsei Bank Ltd. 5,000 29,374 Shizuoka Bank Ltd. (The) 5,000 49,557 Sumitomo Mitsui Financial Group, Inc. 15 153,581 Sumitomo Trust & Banking Co., Ltd. (The) 20,000 209,475 Suruga Bank Ltd. 5,000 61,852 ----------- Total Banks 1,852,335 ----------- See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Beverages--0.8% Asahi Breweries, Ltd. 4,000 $ 63,950 Coca-Cola West Japan Co., Ltd. 1,500 34,682 ITO EN, Ltd. 1,000 30,548 Kirin Brewery Co., Ltd. 5,000 78,512 ----------- Total Beverages 207,692 ----------- Building Materials--1.4% Asahi Glass Co., Ltd. 10,000 120,011 Daikin Industries Ltd. 1,000 34,745 JS Group Corp. 4,000 84,092 Matsushita Electric Works Ltd. 5,000 57,866 Nippon Sheet Glass Co., Ltd. 9,000 42,147 Taiheiyo Cement Corp. 10,000 39,109 ----------- Total Building Materials 377,970 ----------- Chemicals--3.2% Asahi Kasei Corp. 10,000 65,377 Daicel Chemical Industries Ltd. 5,000 35,206 Dainippon Ink & Chemicals, Inc. 10,000 38,941 Hitachi Chemical Co., Ltd. 1,500 41,291 JSR Corp. 1,500 38,773 Kaneka Corp. 5,000 45,487 Mitsubishi Gas Chemical Co., Inc. 5,000 52,243 Mitsui Chemicals, Inc. 5,000 38,437 Nitto Denko Corp. 1,000 50,019 Shin-Etsu Chemical Co., Ltd. 1,500 100,333 Showa Denko K.K. 10,000 38,269 Sumitomo Chemical Co., Ltd. 10,000 77,463 Taiyo Nippon Sanso Corp. 5,000 44,983 Tokuyama Corp. 5,000 76,035 Tosoh Corp. 10,000 44,144 Ube Industries Ltd. 15,000 43,053 Zeon Corp. 5,000 53,963 ----------- Total Chemicals 884,017 ----------- Commercial Services--1.3% Dai Nippon Printing Co., Ltd. 7,000 107,977 Kamigumi Co., Ltd. 5,000 40,871 Park24 Co., Ltd. 2,900 37,116 Secom Co., Ltd. 1,500 77,672 Sohgo Security Services Co., Ltd. 2,000 40,200 Toppan Printing Co., Ltd. 5,000 55,138 ----------- Total Commercial Services 358,974 ----------- Computers--1.1% CSK Holdings Corp. 1,000 42,634 Fujitsu Ltd. 10,000 78,385 Itochu Techno-Solutions Corp. 700 37,187 Otsuka Corp. 500 50,774 TDK Corp. 1,000 79,392 ----------- Total Computers 288,372 ----------- Cosmetics/Personal Care--1.2% Kao Corp. 6,000 161,639 KOSE Corp. 1,000 30,213 Shiseido Co., Ltd. 5,000 108,262 UniCharm Corp. 500 29,667 ----------- Total Cosmetics/Personal Care 329,781 ----------- See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Distribution/Wholesale--3.4% Canon Marketing Japan, Inc. 2,000 $ 45,403 Hitachi High-Technologies Corp. 1,500 44,564 ITOCHU Corp. 15,000 122,991 Marubeni Corp. 10,000 50,690 Mitsubishi Corp. 12,500 234,988 Mitsui & Co., Ltd. 15,000 224,078 Sumitomo Corp. 10,000 149,469 Toyota Tsusho Corp. 2,000 53,544 ----------- Total Distribution/Wholesale 925,727 ----------- Diversified Financial Services--3.9% Acom Co., Ltd. 2,160 72,511 Aeon Credit Service Co., Ltd. 1,500 28,387 Credit Saison Co., Ltd. 1,000 34,409 Daiwa Securities Group, Inc. 15,000 168,058 Diamond Lease Co., Ltd. 1,000 48,173 Nikko Cordial Corp. 15,000 171,835 Nomura Holdings, Inc. 13,500 254,353 ORIX Corp. 280 80,953 Promise Co., Ltd. 1,500 46,578 Shinko Securities Co., Ltd. 10,000 38,773 Takefuji Corp. 2,500 98,821 UFJ NICOS Co., Ltd. 5,000 19,219 ----------- Total Diversified Financial Services 1,062,070 ----------- Electric--8.0% Chubu Electric Power Co., Inc. 11,500 343,586 Chugoku Electric Power Co., Inc. (The) 6,000 132,936 Electric Power Development Co. 2,000 87,953 Hokkaido Electric Power Co., Inc. 3,000 76,539 Hokuriku Electric Power Co. 3,000 68,105 Kansai Electric Power Co., Inc. (The) 13,500 363,686 Kyushu Electric Power Co., Inc. 8,500 223,994 Shikoku Electric Power Co., Inc. (a) 3,500 83,274 Tohoku Electric Power Co., Inc. 7,000 174,772 Tokyo Electric Power Co., Inc. (The) 20,000 646,217 ----------- Total Electric 2,201,062 ----------- Electrical Components & Equipment--3.2% Brother Industries Ltd. 3,000 40,561 Casio Computer Co., Ltd. 2,500 56,649 Fujikura Ltd. 5,000 43,934 Hitachi Ltd. 35,000 217,950 Mitsubishi Electric Corp. 10,000 91,142 Sharp Corp. 10,000 172,045 Stanley Electric Co., Ltd. 2,000 40,032 Sumitomo Electric Industries Ltd. 3,500 54,635 Toshiba Corp. 20,000 130,083 USHIO INC. 2,000 41,039 ----------- Total Electrical Components & Equipment 888,070 ----------- Electronics--3.2% Advantest Corp. 1,000 57,236 Fanuc Ltd. 1,000 98,359 Hirose Electric Co., Ltd. 500 56,691 Hoya Corp. 4,000 155,763 IBIDEN Co., Ltd. 1,000 50,355 Keyence Corp. 200 49,499 Kyocera Corp. 1,500 141,245 MINEBEA CO., Ltd. 5,000 34,913 NEC Corp. 15,000 71,629 NGK Insulators Ltd. 5,000 77,126 Nippon Electric Glass Co., Ltd. 2,000 41,962 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Yokogawa Electric Corp. 3,000 $ 47,510 ----------- Total Electronics 882,288 ----------- Engineering & Construction--0.7% Chiyoda Corp. 2,000 39,109 Kajima Corp. 10,000 43,807 Obayashi Corp. 5,000 32,395 Shimizu Corp. 8,000 39,948 Taisei Corp. 10,000 30,465 ----------- Total Engineering & Construction 185,724 ----------- Entertainment--0.3% Oriental Land Co., Ltd. 800 41,828 Toho Co., Ltd. 2,500 45,109 ----------- Total Entertainment 86,937 ----------- Environmental Control--0.2% Kurita Water Industries Ltd. 2,000 43,137 ----------- Food--1.8% Ajinomoto Co., Inc. 5,000 66,006 Kikkoman Corp. (a) 5,000 60,300 Meiji Dairies Corp. 5,000 39,319 Meiji Seika Kaisha Ltd. 10,000 47,753 Nippon Meat Packers, Inc. 5,000 54,551 Nissin Food Products Co., Ltd. 1,000 37,011 Toyo Suisan Kaisha Ltd. 5,000 80,021 Yakult Honsha Co., Ltd. 2,000 57,404 Yamazaki Baking Co., Ltd. 5,000 48,424 ----------- Total Food 490,789 ----------- Forest Products & Paper--0.3% OJI Paper Co., Ltd. 15,000 79,560 ----------- Gas--1.2% Osaka Gas Co., Ltd. 25,000 92,946 Saibu Gas Co., Ltd. 19,000 44,488 TOHO GAS Co., Ltd. 10,000 48,592 Tokyo Gas Co., Ltd. 25,000 132,811 ----------- Total Gas 318,837 ----------- Hand/Machine Tools--0.8% Fuji Electric Holdings Co., Ltd. 10,000 54,131 Makita Corp. 1,500 45,949 SMC Corp. 500 70,832 THK Co., Ltd. 1,500 38,647 ----------- Total Hand/Machine Tools 209,559 ----------- Healthcare-Products--0.1% Terumo Corp. 1,000 39,277 ----------- Home Builders--0.8% Daiwa House Industry Co., Ltd. 5,000 86,862 Sekisui Chemical Co., Ltd. 5,000 39,822 Sekisui House, Ltd. 7,000 101,808 ----------- Total Home Builders 228,492 ----------- Home Furnishings--1.8% Matsushita Electric Industrial Co., Ltd. 13,000 259,116 Pioneer Corp. (a) 2,500 34,283 Sony Corp. 3,500 149,805 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Yamaha Corp. 2,000 $ 42,298 ----------- Total Home Furnishings 485,502 ----------- Housewares--0.2% TOTO Ltd. 5,000 50,019 ----------- Insurance--1.1% Aioi Insurance Co., Ltd. 5,000 35,248 Mitsui Sumitomo Insurance Co., Ltd. 10,000 109,270 Nipponkoa Insurance Co., Ltd. 5,000 40,493 Sompo Japan Insurance, Inc. 5,000 61,055 T&D Holdings, Inc. 1,000 66,048 ----------- Total Insurance 312,114 ----------- Internet--0.5% SBI Holdings, Inc. 100 33,654 Trend Micro, Inc. 2,500 73,223 Yahoo Japan Corp. 97 38,587 ----------- Total Internet 145,464 ----------- Iron/Steel--3.8% Daido Steel Co., Ltd. 5,000 33,192 Hitachi Metals Ltd. 5,000 53,166 JFE Holdings, Inc. 4,000 205,782 Kobe Steel Ltd. 20,000 68,482 Nippon Steel Corp. 60,000 344,425 Nisshin Steel Co., Ltd. 15,000 55,642 Sumitomo Metal Industries Ltd. 55,000 238,639 Tokyo Steel Manufacturing Co., Ltd. 2,000 31,321 ----------- Total Iron/Steel 1,030,649 ----------- Leisure Time--0.6% Sankyo Co., Ltd. 800 44,245 Sega Sammy Holdings, Inc. 2,500 67,349 Yamaha Motor Co., Ltd. 1,500 47,082 ----------- Total Leisure Time 158,676 ----------- Machinery-Construction & Mining--0.6% Hitachi Construction Machinery Co., Ltd. 2,000 53,712 Komatsu Ltd. 5,000 101,338 ----------- Total Machinery-Construction & Mining 155,050 ----------- Machinery-Diversified--1.2% Amada Co., Ltd. 5,000 52,914 Japan Steel Works Ltd. (The) 5,000 39,025 Kubota Corp. 10,000 92,485 Sumitomo Heavy Industries Ltd. 5,000 52,453 Toyota Industries Corp. 2,000 91,813 ----------- Total Machinery-Diversified 328,690 ----------- Media--0.3% Nippon Television Network Corp. 300 44,463 Tokyo Broadcasting System, Inc. (a) 1,500 49,977 ----------- Total Media 94,440 ----------- See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Metal Fabricate/Hardware--0.4% Maruichi Steel Tube Ltd. 800 $ 22,089 NSK Ltd. 5,000 49,221 NTN Corp. 5,000 44,774 ----------- Total Metal Fabricate/Hardware 116,084 ----------- Mining--0.5% Mitsubishi Materials Corp. (a) 10,000 37,514 Mitsui Mining & Smelting Co., Ltd. 8,000 40,015 Sumitomo Metal Mining Co., Ltd. 5,000 64,076 ----------- Total Mining 141,605 ----------- Miscellaneous Manufacturing--1.3% Fuji Photo Film Co., Ltd. 2,500 102,598 Kawasaki Heavy Industries Ltd. 15,000 56,271 Mitsubishi Heavy Industries Ltd. 20,000 90,807 Nikon Corp. 2,000 43,808 Olympus Corp. 2,000 62,775 ----------- Total Miscellaneous Manufacturing 356,259 ----------- Office Furnishings--0.1% Kokuyo Co., Ltd. 2,500 39,465 ----------- Office/Business Equipment--3.0% Canon, Inc. 12,200 685,997 Ricoh Co., Ltd. 5,000 101,968 Seiko Epson Corp. (a) 1,500 36,444 ----------- Total Office/Business Equipment 824,409 ----------- Oil & Gas--1.4% Japan Petroleum Exploration Co. 700 41,593 Nippon Mining Holdings, Inc. 5,000 35,920 Nippon Oil Corp. 15,000 100,206 Showa Shell Sekiyu K.K. 6,000 67,072 TonenGeneral Sekiyu K.K. 15,000 148,420 ----------- Total Oil & Gas 393,211 ----------- Packaging & Containers--0.1% Toyo Seikan Kaisha Ltd. 2,000 33,083 ----------- Pharmaceuticals--5.2% Astellas Pharma, Inc. 4,500 204,314 Chugai Pharmaceutical Co., Ltd. 4,000 82,414 Dainippon Sumitomo Pharma Co., Ltd. 5,000 58,076 Eisai Co., Ltd. 3,000 164,659 Hisamitsu Pharmaceutical Co., Inc. 1,300 41,131 Kyowa Hakko Kogyo Co., Ltd. 8,000 68,415 Mediceo Paltac Holdings Co., Ltd. 2,000 37,850 Shionogi & Co., Ltd. 2,000 39,277 Suzuken Co., Ltd. 1,100 41,358 Taisho Pharmaceutical Co., Ltd. 3,000 54,509 Takeda Pharmaceutical Co., Ltd. 8,800 603,381 Tanabe Seiyaku Co., Ltd. 3,000 39,151 ----------- Total Pharmaceuticals 1,434,535 ----------- Real Estate--1.5% Daito Trust Construction Co., Ltd. 1,000 45,823 Leopalace21 Corp. 1,000 31,891 Mitsubishi Estate Co., Ltd. 5,000 129,243 Mitsui Fudosan Co., Ltd. 2,000 48,760 Sumitomo Realty & Development Co., Ltd. 2,000 64,118 Tokyo Tatemono Co., Ltd. 5,000 55,642 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Tokyu Land Corp. 5,000 $ 47,082 ----------- Total Real Estate 422,559 ----------- Retail--2.7% AEON Co., Ltd. 3,000 64,832 Citizen Watch Co., Ltd. 4,000 30,582 Daimaru, Inc. (The) 5,000 67,685 FamilyMart Co., Ltd. 1,500 40,787 Fast Retailing Co., Ltd. 1,000 95,338 Isetan Co., Ltd. 2,000 36,087 LAWSON, INC. 1,500 53,628 Marui Co., Ltd. 3,000 34,946 Mitsukoshi Ltd. 8,000 37,397 Nitori Co., Ltd. 750 32,542 Shimamura Co., Ltd. 500 57,362 Takashimaya Co., Ltd. 5,000 70,580 UNY Co., Ltd. 5,000 65,041 Yamada Denki Co., Ltd. 500 42,382 ----------- Total Retail 729,189 ----------- Semiconductors--0.6% Shinko Electric Industries Co., Ltd. 1,600 41,761 SUMCO Corp. 500 42,214 Tokyo Electron Ltd. 1,000 78,721 ----------- Total Semiconductors 162,696 ----------- Shipbuilding--0.2% Mitsui Engineering & Shipbuilding Co., Ltd. 15,000 48,718 ----------- Software--1.0% Konami Corp. 2,000 60,426 Nomura Research Institute Ltd. 500 72,426 Oracle Corp. Japan 2,500 115,605 Square Enix Co., Ltd. 1,500 39,277 ----------- Total Software 287,734 ----------- Storage/Warehousing--0.3% Mitsubishi Logistics Corp. 5,000 77,504 ----------- Telecommunications--5.7% Hikari Tsushin, Inc. 900 39,503 Nippon Telegraph & Telephone Corp. 125 614,746 NTT DoCoMo, Inc. 575 907,221 ----------- Total Telecommunications 1,561,470 ----------- Textiles--0.6% Kuraray Co., Ltd. 2,500 29,457 Mitsubishi Rayon Co., Ltd. 5,000 33,570 Teijin Ltd. 5,000 30,758 Toray Industries, Inc. 10,000 74,861 ----------- Total Textiles 168,646 ----------- Transportation--4.0% East Japan Railway Co. 25 166,800 Hankyu Holdings, Inc. 10,000 57,069 Kawasaki Kisen Kaisha Ltd. 10,000 78,134 Keihin Electric Express Railway Co., Ltd. (a) 5,000 34,409 Keio Corp. 5,000 32,311 Keisei Electric Railway Co., Ltd. 7,000 39,772 Kintetsu Corp. 10,000 29,122 Mitsui O.S.K. Lines Ltd. 20,000 197,053 See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Nagoya Railroad Co., Ltd. 10,000 $ 29,709 Nippon Express Co., Ltd. 10,000 54,635 Nippon Yusen K.K. 20,000 146,028 Odakyu Electric Railway Co., Ltd. 5,000 31,933 Seino Holdings Corp. 5,000 46,914 Tobu Railway Co., Ltd. 10,000 48,256 Tokyu Corp. 5,000 31,975 Yamato Holdings Co., Ltd. 5,000 76,791 ----------- Total Transportation 1,100,911 ----------- TOTAL COMMON STOCKS (Cost: $24,938,830) 27,438,902 ----------- SHORT-TERM INVESTMENT--0.2% MONEY MARKET FUND--0.2% United States - 0.2% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $55,847) 55,847 55,847 ----------- INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--1.2% MONEY MARKET FUNDS (c) --1.2% UBS Enhanced Yield Portfolio, 5.23% 306,556 306,556 UBS Private Money Market Fund LLC, 5.21% 33,444 33,444 ----------- TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $340,000) (d) 340,000 ----------- TOTAL INVESTMENTS IN SECURITIES --101.4% (Cost: $25,334,677) (e) 27,834,749 Liabilities in Excess of Cash and Other Assets --(1.4)% (388,502) ----------- NET ASSETS--100.0% $27,446,247 =========== (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $323,169 and the total market value of the collateral held by the Fund was $340,000. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 8 WisdomTree Japan Total Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Consumer Cyclical 27.4% Industrial 17.2% Financial 13.3% Consumer Non-Cyclical 11.3% Utilities 9.2% Basic Materials 7.8% Communications 6.7% Technology 5.7% Energy 1.4% Short-Term Investment 0.2% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree Japan High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Japan--99.7% COMMON STOCKS--99.7% Agriculture--0.1% Hokuto Corp. 1,000 $ 17,582 ----------- Apparel--0.1% Daidoh Ltd. 1,000 10,978 Nagaileben Co., Ltd. 500 10,763 ----------- Total Apparel 21,741 ----------- Auto Manufacturers--26.5% Hino Motors Ltd. 10,000 51,362 Honda Motor Co., Ltd. 29,600 1,167,555 Kanto Auto Works Ltd. 1,500 19,399 Nippon Sharyo Ltd. 4,000 9,970 Nissan Motor Co., Ltd. 133,500 1,605,518 Shinmaywa Industries Ltd. 3,000 14,955 Toyota Auto Body Co., Ltd. 2,500 46,368 Toyota Motor Corp. 70,200 4,689,624 ----------- Total Auto Manufacturers 7,604,751 ----------- Auto Parts & Equipment--0.8% Bosch Corp. 12,000 63,346 Nifco, Inc. 1,700 38,949 Sanden Corp. 5,000 22,408 T RAD Co., Ltd. 2,000 9,668 Toyo Tire & Rubber Co., Ltd. 5,000 24,212 Yokohama Rubber Co., Ltd. (The) 12,000 72,310 ----------- Total Auto Parts & Equipment 230,893 ----------- Banks--0.7% Bank of Yokohama Ltd. (The) 18,000 140,791 Ehime Bank Ltd. (The) 5,000 19,974 Hokuetsu Bank Ltd. (The) 10,000 24,506 ----------- Total Banks 185,271 ----------- Beverages--0.2% Coca-Cola West Japan Co., Ltd. 2,000 46,242 Mercian Corp. 3,000 8,762 Mikuni Coca-Cola Bottling Co., Ltd. 1,500 14,490 ----------- Total Beverages 69,494 ----------- Building Materials--1.9% Asahi Organic Chemicals Industry Co., Ltd. 2,000 8,292 Bunka Shutter Co., Ltd. 2,000 11,733 Central Glass Co., Ltd. 5,000 28,618 Cleanup Corp. 1,500 12,110 JS Group Corp. 9,000 189,206 Matsushita Electric Works Ltd. 12,000 138,878 PanaHome Corp. 5,000 34,913 Sankyo-Tateyama Holdings, Inc. 10,000 22,660 Sanwa Shutter Corp. 10,000 59,083 Takara Standard Co., Ltd. 3,000 17,725 Wood One Co., Ltd. 1,000 8,065 ----------- Total Building Materials 531,283 ----------- Chemicals--1.2% Aica Kogyo Co., Ltd. 1,500 20,998 Asahi Kasei Corp. 27,000 176,519 Earth Chemical Co., Ltd. 500 12,966 Nippon Kayaku Co., Ltd. 3,000 23,918 NOF Corp. 5,000 27,527 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree Japan High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Sanyo Chemical Industries Ltd. 3,000 $ 20,117 Takasago International Corp. 2,000 9,651 Toagosei Co., Ltd. 7,000 25,320 Toyo Ink Manufacturing Co., Ltd. 7,000 28,257 Yushiro Chemical Industry Co., Ltd. (a) 500 9,630 ----------- Total Chemicals 354,903 ----------- Commercial Services--0.3% Meitec Corp. 1,200 36,355 Secom Techno Service Co., Ltd. 500 20,268 Toppan Forms Co., Ltd. 2,500 34,829 ----------- Total Commercial Services 91,452 ----------- Computers--0.1% Daiwabo Information System Co., Ltd. 500 7,217 Information Services International-Dentsu, Ltd. (a) 1,000 12,194 NEC Fielding Ltd. 1,500 20,633 ----------- Total Computers 40,044 ----------- Cosmetics/Personal Care--2.1% Aderans Co., Ltd. 1,000 24,800 Kao Corp. (a) 13,000 350,216 Mandom Corp. 1,000 24,758 Shiseido Co., Ltd. 9,000 194,872 ----------- Total Cosmetics/Personal Care 594,646 ----------- Distribution/Wholesale--3.7% Advan Co., Ltd. (a) 500 6,030 Doshisha Co., Ltd. 500 9,504 Hakuto Co., Ltd. 1,000 13,705 Hanwa Co., Ltd. 10,000 42,214 Impact 21 Co., Ltd. 500 8,388 Inaba Denki Sangyo Co., Ltd. 600 21,149 Itochu Enex Co., Ltd. 2,500 17,037 Japan Pulp & Paper Co., Ltd. 5,000 18,967 Mitsui & Co. Ltd. 33,000 492,971 Mitsuuroko Co., Ltd. 1,500 10,688 Ryoyo Electro Corp. 1,500 21,564 Sankyo Seiko Co., Ltd. 1,500 5,967 Shaddy Co., Ltd. 500 5,816 Sinanen Co., Ltd. 2,000 10,742 Sumitomo Corp. 23,000 343,779 Trusco Nakayama Corp. 1,000 20,394 ----------- Total Distribution/Wholesale 1,048,915 ----------- Diversified Financial Services--5.0% Acom Co., Ltd. 4,620 155,092 Daiwa Securities Group, Inc. 30,000 336,117 Hitachi Capital Corp. 3,500 66,678 Ichiyoshi Securities Co., Ltd. 1,500 21,615 Japan Securities Finance Co., Ltd. 2,500 30,234 Marusan Securities Co., Ltd. (a) 1,500 19,575 NEC Leasing Ltd. 500 9,483 Nikko Cordial Corp. 31,500 360,853 Okasan Holdings, Inc. 5,000 31,975 Promise Co., Ltd. 3,250 100,919 Sanyo Electric Credit Co., Ltd. 1,000 14,905 Shinki Co., Ltd. 2,500 8,246 Shinko Securities Co., Ltd. 11,000 42,650 Takefuji Corp. 5,350 211,477 Tokai Tokyo Securities Co., Ltd. 6,000 28,249 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree Japan High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Toyo Securities Co., Ltd. 2,000 $ 8,006 ----------- Total Diversified Financial Services 1,446,074 ----------- Electric--15.9% Chubu Electric Power Co., Inc. 24,700 737,963 Chugoku Electric Power Co., Inc. (The) 12,500 276,950 Hokkaido Electric Power Co., Inc. 6,700 170,937 Hokuriku Electric Power Co. 7,000 158,911 Kansai Electric Power Co., Inc. (The) 28,500 767,782 Kyushu Electric Power Co., Inc. 18,500 487,516 Shikoku Electric Power Co., Inc. (a) 8,000 190,340 Tohoku Electric Power Co., Inc. 15,000 374,512 Tokyo Electric Power Co., Inc. (The) 42,700 1,379,675 ----------- Total Electric 4,544,586 ----------- Electrical Components & Equipment--0.1% Sumida Corp. 500 10,029 Toshiba TEC Corp. 6,000 30,867 ----------- Total Electrical Components & Equipment 40,896 ----------- Electronics--0.6% Eizo Nanao Corp. 500 13,596 Futaba Corp. 1,000 23,373 Idec Corp. 1,000 15,509 Kaga Electronics Co., Ltd. 500 8,938 Nidec Copal Electronics Corp. 1,500 9,379 Nitto Kogyo Corp. 1,000 16,365 Ryosan Co., Ltd. 1,500 37,450 Sanshin Electronics Co., Ltd. 1,000 12,698 Toyo Corp. 500 6,198 Yamatake Corp. 1,500 33,297 ----------- Total Electronics 176,803 ----------- Engineering & Construction--0.9% Airport Facilities Co., Ltd. 1,500 8,774 Hibiya Engineering Ltd. 1,000 9,190 Hitachi Plant Technologies Ltd. 5,000 26,604 Kyudenko Corp. 2,000 11,749 Maeda Road Construction Co., Ltd. 2,000 14,485 Nishimatsu Construction Co., Ltd. (a) 10,000 32,983 Okumura Corp. 5,000 24,716 Raito Kogyo Co., Ltd. 2,500 7,322 Sanki Engineering Co., Ltd. 2,000 14,066 Taikisha Ltd. 1,500 17,737 Takasago Thermal Engineering Co., Ltd. 2,000 18,682 TOA CORP. 5,000 4,658 Toda Corp. 6,000 25,429 Toenec Corp. 5,000 20,897 Toshiba Plant Systems & Services Corp. 3,000 18,581 ----------- Total Engineering & Construction 255,873 ----------- Food--0.2% Inageya Co., Ltd. 1,000 7,570 Morinaga & Co., Ltd. 5,000 12,001 Myojo Foods Co., Ltd. 2,000 13,931 Nippon Beet Sugar Manufacturing Co., Ltd. 5,000 13,512 Showa Sangyo Co., Ltd. 5,000 12,253 ----------- Total Food 59,267 ----------- See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree Japan High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Forest Products & Paper--0.8% Chuetsu Pulp & Paper Co., Ltd. 5,000 $ 9,861 Daiken Corp. 5,000 18,967 Hokuetsu Paper Mills Ltd. 5,000 28,199 OJI Paper Co., Ltd. 30,000 159,120 ----------- Total Forest Products & Paper 216,147 ----------- Gas--1.0% Osaka Gas Co., Ltd. 55,000 204,482 Saibu Gas Co., Ltd. 10,000 23,415 TOHO GAS Co., Ltd. 15,000 72,888 ----------- Total Gas 300,785 ----------- Healthcare-Products--0.4% Nihon Kohden Corp. 1,000 22,827 Nipro Corp. 2,000 36,591 Paramount Bed Co., Ltd. (a) 1,000 16,869 Paris Miki, Inc. 2,500 45,214 ----------- Total Healthcare-Products 121,501 ----------- Home Builders--0.0% Mitsui Home Co., Ltd. 2,000 13,797 ----------- Home Furnishings--0.1% France Bed Holdings Co., Ltd. 5,000 10,197 Toa Corp./Hyogo (a) 1,000 7,343 ----------- Total Home Furnishings 17,540 ----------- Housewares--0.1% Sangetsu Co., Ltd. 1,700 41,303 ----------- Insurance--0.1% Fuji Fire & Marine Insurance Co., Ltd. (The) 10,000 37,262 ----------- Internet--0.1% Matsui Securities Co., Ltd. 4,000 30,313 ----------- Iron/Steel--5.2% JFE Holdings, Inc. 9,000 463,010 Kobe Steel Ltd. 40,000 136,964 Nippon Metal Industry Co., Ltd. 5,000 18,925 Nippon Steel Corp. 127,000 729,035 Nisshin Steel Co., Ltd. 25,000 92,736 Topy Industries Ltd. 5,000 20,855 Yodogawa Steel Works Ltd. 7,000 39,008 ----------- Total Iron/Steel 1,500,533 ----------- Leisure Time--0.6% Daikoku Denki Co., Ltd. 500 10,658 Heiwa Corp. 2,000 25,278 Sega Sammy Holdings, Inc. 5,000 134,699 ----------- Total Leisure Time 170,635 ----------- Machinery-Diversified--0.2% Max Co., Ltd. 1,000 14,485 Miura Co., Ltd. 1,000 25,346 Nitto Kohki Co., Ltd. 500 10,868 ----------- Total Machinery-Diversified 50,699 ----------- See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree Japan High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Metal Fabricate/Hardware--0.5% Kitz Corp. 2,000 $ 16,751 Maruichi Steel Tube Ltd. 3,000 82,834 Oiles Corp. 500 12,337 Onoken Co., Ltd. 500 5,585 Tsubaki Nakashima Co., Ltd. 1,000 15,526 ----------- Total Metal Fabricate/Hardware 133,033 ----------- Mining--0.1% Nippon Light Metal Co., Ltd. 10,000 25,597 ----------- Miscellaneous Manufacturing--0.3% Amano Corp. 2,000 25,076 Bando Chemical Industries Ltd. 2,000 9,534 Kureha Corp. 5,000 22,953 Okamoto Industries, Inc. 5,000 18,044 ----------- Total Miscellaneous Manufacturing 75,607 ----------- Office Furnishings--0.0% Inaba Seisakusho Co., Ltd. 500 7,624 ----------- Office/Business Equipment--5.1% Canon Inc. 25,750 1,447,904 ----------- Oil & Gas--2.4% Cosmo Oil Co., Ltd. 15,000 60,929 Nippon Oil Corp. 33,000 220,452 Showa Shell Sekiyu K.K. 13,000 145,323 TonenGeneral Sekiyu K.K. (a) 27,000 267,157 ----------- Total Oil & Gas 693,861 ----------- Pharmaceuticals--7.8% Astellas Pharma, Inc. 9,500 431,330 Eisai Co., Ltd. 7,000 384,205 Kaken Pharmaceutical Co., Ltd. 3,000 23,390 Seikagaku Corp. 1,000 10,088 SSP Co., Ltd. 5,000 29,457 Takeda Pharmaceutical Co., Ltd. 18,600 1,275,331 Tanabe Seiyaku Co., Ltd. 6,000 78,301 ZERIA Pharmaceutical Co., Ltd. 1,000 9,047 ----------- Total Pharmaceuticals 2,241,149 ----------- Real Estate--0.4% Arnest One Corp. 1,000 14,863 Iida Home Max 1,000 17,079 Japan General Estate Co., Ltd. (The) 500 14,351 Meiwa Estate Co., Ltd. 500 7,679 Ryowa Life Create Co., Ltd. 2,000 15,845 Touei Housing Corp. 1,000 16,458 Urban Corp. 1,500 22,734 ----------- Total Real Estate 109,009 ----------- Retail--1.3% Arcs Co., Ltd. 1,500 17,624 Best Denki Co., Ltd. 5,000 31,178 Circle K Sunkus Co. Ltd. 1,910 33,902 FamilyMart Co., Ltd. 2,000 54,383 Kasumi Co., Ltd. 2,000 11,279 Lawson, Inc. 3,000 107,256 Marui Co., Ltd. 6,500 75,717 Ministop Co., Ltd. 1,000 17,079 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree Japan High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- MOS Food Services, Inc. 500 $ 6,718 Plenus Co., Ltd. 1,000 20,687 ----------- Total Retail 375,823 ----------- Software--2.1% Capcom Co., Ltd. 1,500 27,003 Koei Co., Ltd. (a) 2,000 33,821 Konami Corp. 4,500 135,957 Nomura Research Institute Ltd. 700 101,397 Oracle Corp. Japan 5,100 235,836 Square Enix Co., Ltd. (a) 2,000 52,369 ----------- Total Software 586,383 ----------- Telecommunications--6.9% Denki Kogyo Co., Ltd. 2,000 18,564 NTT DoCoMo, Inc. 1,231 1,942,243 Uniden Corp. 2,000 13,646 ----------- Total Telecommunications 1,974,453 ----------- Textiles--0.2% Toyobo Co., Ltd. 17,000 51,219 ----------- Transportation--3.6% Daiichi Chuo Kisen Kaisha 10,000 24,086 Fukuyama Transporting Co., Ltd. 7,000 26,495 Kawasaki Kisen Kaisha Ltd. (a) 24,000 187,520 Mitsui O.S.K. Lines, Ltd. 41,000 403,962 Nippon Yusen K.K. (a) 47,000 343,166 Senko Co., Ltd. 5,000 16,995 Shinwa Kaiun Kaisha, Ltd. 7,000 27,787 Tonami Transportation Co., Ltd. 3,000 7,402 ----------- Total Transportation 1,037,413 ----------- TOTAL COMMON STOCKS (Cost: $24,945,631) 28,574,064 ----------- SHORT-TERM INVESTMENT--0.6% MONEY MARKET FUND--0.6% United States--0.6% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $168,563) 168,563 168,563 ----------- INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--4.8% MONEY MARKET FUNDS (c)--4.8% AIM Liquid Assets Portfolio, 5.21% 10,936 10,936 AIM Prime Portfolio, 5.21% 40,990 40,990 UBS Enhanced Yield Portfolio, 5.23% 1,014,311 1,014,311 UBS Private Money Market Fund LLC, 5.21% 307,683 307,683 ----------- TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $1,373,920) (d) 1,373,920 ----------- TOTAL INVESTMENTS IN SECURITIES--105.1% (Cost: $26,488,114) (e) 30,116,547 Liabilities in Excess of Foreign Cash and Other Assets--(5.1)% (1,461,725) ----------- NET ASSETS--100.0% $28,654,822 =========== (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $1,304,953 and the total market value of the collateral held by the Fund was $1,373,920. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 6 WisdomTree Japan High-Yielding Equity Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Consumer Cyclical 33.5% Utilities 16.9% Consumer Non-Cyclical 11.2% Industrial 8.0% Basic Materials 7.3% Technology 7.2% Communications 7.0% Financial 6.2% Energy 2.4% Short-Term Investment 0.6% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Japan-- 99.5% COMMON STOCKS--99.5% Advertising--0.3% Asatsu-DK, Inc. 2,400 $ 76,136 Moshi Moshi Hotline, Inc. 600 24,825 ------------ Total Advertising 100,961 ------------ Agriculture--0.4% Hokuto Corp. 3,600 63,296 Nosan Corp. 2,000 5,136 Sakata Seed Corp. 3,600 43,688 ------------ Total Agriculture 112,120 ------------ Apparel--1.9% ASICS Corp. 6,000 75,230 Daidoh Ltd. (a) 3,000 32,932 Gunze Ltd. 12,000 60,224 Japan Wool Textile Co., Ltd. (The) 6,000 46,830 Nagaileben Co., Ltd. 2,400 51,664 Sanyo Shokai Ltd. 12,000 86,711 Tokyo Style Co., Ltd. 6,000 64,806 Wacoal Holdings Corp. 11,000 149,275 ------------ Total Apparel 567,672 ------------ Auto Manufacturers--1.1% Kanto Auto Works Ltd. 5,400 69,837 Nippon Sharyo Ltd. 12,000 29,911 Nissan Diesel Motor Co., Ltd. 6,000 20,041 Nissan Shatai Co., Ltd. 6,000 30,565 Shinmaywa Industries Ltd. 6,000 29,911 Toyota Auto Body Co., Ltd. 8,700 161,361 ------------ Total Auto Manufacturers 341,626 ------------ Auto Parts & Equipment--6.0% Aisan Industry Co., Ltd. 3,600 41,391 Akebono Brake Industry Co., Ltd. 6,000 58,008 Bosch Corp. 42,000 221,711 Calsonic Kansei Corp. 12,000 70,094 Exedy Corp. 1,800 55,440 FCC Co., Ltd. 1,800 43,355 Futaba Industrial Co., Ltd. 3,000 73,140 Ichikoh Industries Ltd. 6,000 16,365 Kayaba Industry Co., Ltd. 18,000 94,868 Keihin Corp. 3,000 75,406 Koito Manufacturing Co., Ltd. 8,000 120,381 Musashi Seimitsu Industry Co., Ltd. (a) 1,800 47,736 Nifco, Inc. 6,500 148,924 Nissin Kogyo Co., Ltd. 3,000 77,043 Press Kogyo Co., Ltd. 6,000 29,659 Riken Corp. 6,000 38,622 Sanden Corp. 12,000 53,779 Showa Corp. 3,600 58,583 T RAD Co., Ltd. 6,000 29,004 Tokai Rika Co., Ltd. 4,200 106,802 Toyo Tire & Rubber Co., Ltd. 18,000 87,164 Yokohama Rubber Co., Ltd. (The) 42,000 253,082 ------------ Total Auto Parts & Equipment 1,800,557 ------------ See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Banks--6.9% Akita Bank Ltd. (The) 6,000 $ 29,105 Aomori Bank Ltd. (The) 12,000 49,247 Awa Bank Ltd. (The) 4,000 21,384 Bank of Ikeda Ltd. (The) (a) 1,200 55,189 Bank of Iwate Ltd. (The) 1,100 61,391 Bank of Nagoya Ltd. (The) 6,000 36,759 Bank of Okinawa Ltd. (The) 1,200 47,031 Bank of Saga Ltd. (The) 12,000 45,319 Chukyo Bank Ltd. (The) 12,000 35,349 Daisan Bank Ltd. (The) 12,000 40,284 Daishi Bank Ltd. (The) 24,000 94,667 Ehime Bank Ltd. (The) 12,000 47,938 Eighteenth Bank Ltd. (The) 18,000 89,279 Fukui Bank Ltd. (The) 12,000 38,874 Higo Bank Ltd. (The) 12,000 80,467 Hokkoku Bank Ltd. (The) 24,000 95,270 Hokuetsu Bank Ltd. (The) 30,000 73,518 Hyakugo Bank Ltd. (The) 12,000 75,431 Hyakujushi Bank Ltd. (The) 12,000 73,417 Juroku Bank Ltd. (The) 18,000 99,097 Kagoshima Bank Ltd. (The) 6,000 43,355 Keiyo Bank Ltd. (The) 12,000 66,065 Michinoku Bank Ltd. (The) 23,000 75,280 Mie Bank Ltd. (The) 6,000 30,666 Miyazaki Bank Ltd. (The) 18,000 88,523 Musashino Bank Ltd. (The) 1,200 57,807 Ogaki Kyoritsu Bank Ltd. (The) 12,000 51,362 Oita Bank Ltd. (The) 6,000 41,442 San-In Godo Bank Ltd. (The) 6,000 55,692 Shiga Bank Ltd. 6,000 37,212 Shikoku Bank Ltd. 12,000 45,621 Tochigi Bank Ltd. (The) 6,000 41,341 Toho Bank Ltd. (The) 12,000 49,952 Tokyo Tomin Bank Ltd. (The) 2,400 92,048 Tomato Bank Ltd. 12,000 24,875 Towa Bank Ltd. (The) 12,000 26,386 Yamagata Bank Ltd. (The) 6,000 31,069 Yamanashi Chuo Bank Ltd. (The) 6,000 39,377 ------------ Total Banks 2,087,089 ------------ Beverages--1.8% Asahi Soft Drinks Co., Ltd. 3,000 43,229 Calpis Co., Ltd. 6,000 49,750 Coca-Cola West Japan Co., Ltd. 4,500 104,045 Dydo Drinco, Inc. 600 25,077 Kagome Co., Ltd. (a) 4,800 67,153 Mercian Corp. 12,000 35,047 Mikuni Coca-Cola Bottling Co., Ltd. 4,200 40,571 Sapporo Holdings Ltd. 18,000 102,421 Takara Holdings, Inc. (a) 12,000 77,244 ------------ Total Beverages 544,537 ------------ Building Materials--3.3% Asahi Organic Chemicals Industry Co., Ltd. 6,000 24,875 Bunka Shutter Co., Ltd. 6,000 35,198 Central Glass Co., Ltd. 18,000 103,026 Chofu Seisakusho Co., Ltd. 1,800 36,331 Cleanup Corp. 4,800 38,753 Fujitec Co., Ltd. 6,000 45,923 Nice Corp. 6,000 21,753 Nichias Corp. 6,000 44,765 Nichiha Corp. 1,800 23,777 PanaHome Corp. 12,000 83,790 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Rinnai Corp. 2,400 $ 71,705 Sankyo-Tateyama Holdings, Inc. 36,000 81,574 Sanwa Shutter Corp. 30,000 177,249 Sumitomo Osaka Cement Co., Ltd. 24,000 78,352 Takara Standard Co., Ltd. 12,000 70,899 Wood One Co., Ltd. (a) 6,000 48,391 ------------ Total Building Materials 986,361 ------------ Chemicals--5.3% ADEKA Corp. 5,400 56,468 Aica Kogyo Co., Ltd. 5,800 81,192 Air Water, Inc. (a) 12,000 127,296 Dainichiseika Color & Chemicals Manufacturing Co., Ltd. 6,000 31,169 Denki Kagaku Kogyo Kabushiki Kaisha 30,000 124,628 Earth Chemical Co., Ltd. 1,800 46,679 Gun-Ei Chemical Industry Co., Ltd. 6,000 15,660 Koatsu Gas Kogyo Co., Ltd. 6,000 36,658 Lintec Corp. 2,400 47,233 Nihon Parkerizing Co., Ltd. 6,000 107,255 Nippon Kayaku Co., Ltd. 12,000 95,674 Nippon Paint Co., Ltd. 24,000 125,685 NOF Corp. 12,000 66,065 S.T. Chemical Co., Ltd. (a) 2,400 32,227 Sanyo Chemical Industries Ltd. 12,000 80,467 Sumitomo Bakelite Co., Ltd. 12,000 82,783 Sumitomo Seika Chemicals Co., Ltd. 6,000 34,040 Taiyo Ink Manufacturing Co., Ltd. 600 33,284 Takasago International Corp. 11,000 53,082 Toagosei Co., Ltd. 24,000 86,811 Tokai Carbon Co., Ltd. 6,000 42,600 Tokyo Ohka Kogyo Co., Ltd. 2,400 66,871 Toyo Ink Manufacturing Co., Ltd. 24,000 96,882 Yushiro Chemical Industry Co., Ltd. (a) 1,800 34,669 ------------ Total Chemicals 1,605,378 ------------ Commercial Services--3.1% Goodwill Group, Inc. (The) 93 75,708 Kamigumi Co., Ltd. 12,000 98,091 Kyodo Printing Co., Ltd. 6,000 21,048 Meitec Corp. 3,600 109,068 Nichii Gakkan Co. (a) 1,800 26,648 Nippon Kanzai Co., Ltd. 1,200 31,018 Nissha Printing Co., Ltd. 1,800 55,440 Nissin Corp. 6,000 21,652 Nomura Co., Ltd. 6,000 32,076 Secom Techno Service Co., Ltd. 1,000 40,535 Sohgo Security Services Co., Ltd. 7,700 154,770 TIS, Inc. 2,400 56,699 TKC Corp. 1,800 30,817 Toppan Forms Co., Ltd. 9,900 137,922 Zenrin Co., Ltd. (a) 1,200 35,248 ------------ Total Commercial Services 926,740 ------------ Computers--1.6% Daiwabo Information System Co., Ltd. 3,000 43,305 Hitachi Information Systems Ltd. 3,000 64,202 Hitachi Systems & Services Ltd. 1,200 25,026 Information Services International-Dentsu Ltd. (a) 3,000 36,583 Japan Digital Laboratory Co., Ltd. 2,400 37,262 NEC Fielding Ltd. 6,500 89,409 NS Solutions Corp. 2,400 67,475 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Obic Co., Ltd. 350 $ 72,347 Roland DG Corp. 1,200 36,255 ------------ Total Computers 471,864 ------------ Cosmetics/Personal Care--1.3% Aderans Co., Ltd. 3,000 74,398 Fancl Corp. 3,000 44,967 KOSE Corp. 2,400 72,511 Lion Corp. 14,000 70,849 Mandom Corp. 3,000 74,273 T. Hasegawa Co., Ltd. (a) 3,000 46,603 ------------ Total Cosmetics/Personal Care 383,601 ------------ Distribution/Wholesale--3.5% ABC-Mart, Inc. 3,000 74,273 Advan Co., Ltd. (a) 1,800 21,708 Doshisha Co., Ltd. 1,200 22,811 Hakuto Co., Ltd. 3,000 41,115 Hanwa Co., Ltd. 30,000 126,641 Impact 21 Co., Ltd. 2,400 40,264 Inaba Denki Sangyo Co., Ltd. 2,400 84,596 Itochu Enex Co., Ltd. 10,500 71,554 Iwatani International Corp. (a) 12,000 32,831 Japan Pulp & Paper Co., Ltd. 12,000 45,521 Mitsuuroko Co., Ltd. 6,400 45,601 Nagase & Co., Ltd. 6,000 71,403 Ryoden Trading Co., Ltd. 2,000 15,039 Ryoshoku Ltd. 1,200 25,228 Ryoyo Electro Corp. 4,800 69,006 San-Ai Oil Co., Ltd. 23,000 92,844 Sankyo Seiko Co., Ltd. 6,400 25,459 Shaddy Co., Ltd. 1,800 20,937 Sinanen Co., Ltd. 6,000 32,227 Tokai Corp. 8,000 33,973 Trusco Nakayama Corp. 3,000 61,181 ------------ Total Distribution/Wholesale 1,054,212 ------------ Diversified Financial Services--4.4% Central Finance Co., Ltd. 6,000 29,306 Century Leasing System, Inc. 3,000 39,050 Cosmo Securities Co., Ltd. (a) 24,000 40,082 Fuyo General Lease Co., Ltd. 1,200 36,054 Hitachi Capital Corp. 11,700 222,896 IBJ Leasing Co., Ltd. 1,200 29,608 Ichiyoshi Securities Co., Ltd. 4,200 60,521 JACCS Co., Ltd. 6,000 37,061 Japan Securities Finance Co., Ltd. 9,900 119,726 Marusan Securities Co., Ltd. (a) 4,800 62,641 Mito Securities Co., Ltd. 6,000 25,530 NEC Leasing Ltd. 1,200 22,760 Nissin Co., Ltd. (a) 188,300 85,336 Okasan Holdings, Inc. 12,000 76,740 Pocket Card Co., Ltd. 3,600 19,155 Ricoh Leasing Co., Ltd. 1,200 31,119 Sanyo Electric Credit Co., Ltd. 3,000 44,715 Sanyo Shinpan Finance Co., Ltd. 2,670 66,439 Shinki Co., Ltd. 9,300 30,673 Tokai Tokyo Securities Co., Ltd. 18,000 84,747 Tokyo Leasing Co., Ltd. 3,000 45,093 Toyo Securities Co., Ltd. 6,000 24,019 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- UFJ Central Leasing Co., Ltd. 1,800 $ 85,502 ------------ Total Diversified Financial Services 1,318,773 ------------ Electrical Components & Equipment--1.3% Hitachi Cable Ltd. 24,000 134,548 Nippon Signal Co., Ltd. (The) 6,500 48,223 SMK Corp. 6,000 43,355 Sumida Corp. 1,800 36,104 Toshiba TEC Corp. 24,000 123,469 ------------ Total Electrical Components & Equipment 385,699 ------------ Electronics--5.2% Anritsu Corp. 6,000 34,443 CMK Corp. 1,800 18,641 Cosel Co., Ltd. 1,800 28,793 Eizo Nanao Corp. 1,800 48,945 Futaba Corp. 4,200 98,166 Hamamatsu Photonics K.K. 3,000 89,883 Horiba Ltd. 1,200 44,312 Idec Corp. 3,600 55,833 Kaga Electronics Co., Ltd. 2,400 42,902 Minebea Co., Ltd. 24,000 167,580 Mitsumi Electric Co., Ltd. (a) 4,200 92,350 Nichicon Corp. 4,800 58,854 Nidec Copal Corp. (a) 4,200 49,383 Nidec Copal Electronics Corp. 3,600 22,509 Nippon Chemi-Con Corp. 6,000 51,261 Nitto Kogyo Corp. 3,000 49,096 Ryosan Co., Ltd. 4,200 104,863 Sanshin Electronics Co., Ltd. 6,000 76,186 Sanyo Denki Co., Ltd. 6,000 42,449 Star Micronics Co., Ltd. 3,000 59,796 Taiyo Yuden Co., Ltd. 6,000 105,745 Tokyo Seimitsu Co., Ltd. 1,200 56,599 Toyo Corp. (a) 2,400 29,749 ULVAC, Inc. 1,200 40,989 Yamatake Corp. 4,800 106,550 ------------ Total Electronics 1,575,877 ------------ Engineering & Construction--4.9% Airport Facilities Co., Ltd. 4,800 28,078 Chudenko Corp. 3,600 56,226 COMSYS Holdings Corp. 6,000 66,367 Hibiya Engineering Ltd. 6,000 55,138 Hitachi Plant Technologies Ltd. 18,000 95,774 Japan Airport Terminal Co., Ltd. 4,200 49,312 Japan Foundation Engineering Co., Ltd. 8,300 26,957 Kandenko Co., Ltd. 12,000 69,691 Kyowa Exeo Corp. 6,000 61,231 Kyudenko Corp. 6,000 35,248 Maeda Corp. 12,000 45,521 Maeda Road Construction Co., Ltd. 6,000 43,456 NEC Networks & System Integration Corp. 2,400 28,541 Nippo Corp. 6,000 44,312 Nippon Densetsu Kogyo Co., Ltd. 6,000 41,492 Nippon Koei Co., Ltd. 6,000 16,164 Nishimatsu Construction Co., Ltd. 30,000 98,947 Okumura Corp. 18,000 88,977 Raito Kogyo Co., Ltd. 7,700 22,553 Sanki Engineering Co., Ltd. 6,000 42,197 Taikisha Ltd. 4,200 49,665 Takasago Thermal Engineering Co., Ltd. 6,000 56,045 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Takuma Co., Ltd. (a) 6,000 $ 35,047 TOA CORP. 18,000 16,768 Toda Corp. 24,000 101,716 Toenec Corp. 12,000 50,153 Toshiba Plant Systems & Services Corp. 12,000 74,323 Tsukishima Kikai Co., Ltd. (a) 6,000 71,554 Yurtec Corp. 6,000 29,659 ------------ Total Engineering & Construction 1,501,112 ------------ Entertainment--0.6% Avex Group Holdings, Inc. 3,000 48,013 RESORTTRUST, Inc. 2,400 63,245 Toei Co., Ltd. 6,000 32,428 Tokyotokeiba Co., Ltd. (a) 12,000 31,623 ------------ Total Entertainment 175,309 ------------ Environmental Control--0.1% Asahi Pretec Corp. 1,800 35,953 ------------ Food--6.4% Ariake Japan Co., Ltd. 1,800 35,122 Ezaki Glico Co., Ltd. 6,000 61,936 Fuji Oil Co., Ltd. 6,500 56,187 House Foods Corp. 8,600 141,607 Inageya Co., Ltd. (a) 6,000 45,420 Itoham Foods, Inc. (a) 18,000 75,230 J-Oil Mills, Inc. 6,000 23,365 Kato Sangyo Co., Ltd. 3,000 37,036 Katokichi Co., Ltd. 11,100 89,802 Maruha Group, Inc. (a) 18,000 36,255 Meiji Dairies Corp. 12,000 94,364 Meiji Seika Kaisha Ltd. 24,000 114,607 Mitsui Sugar Co., Ltd. 6,000 19,538 Morinaga & Co., Ltd. 24,000 57,606 Morinaga Milk Industry Co., Ltd. 18,000 71,755 Myojo Foods Co., Ltd. (a) 6,000 41,794 Nagatanien Co., Ltd. 6,000 44,413 Nichirei Corp. 18,000 100,760 Nippon Beet Sugar Manufacturing Co., Ltd. 12,000 32,428 Nippon Flour Mills Co., Ltd. 12,000 49,549 Nippon Suisan Kaisha Ltd. 23,000 134,925 Nisshin Oillio Group Ltd. (The) 6,000 38,924 QP Corp. 11,100 95,858 Showa Sangyo Co., Ltd. 18,000 44,111 Tokyu Store Chain Co., Ltd. 6,000 32,479 Toyo Suisan Kaisha Ltd. 6,000 96,026 Valor Co., Ltd. 1,200 15,872 Yamazaki Baking Co., Ltd. 17,000 164,643 Yaoko Co., Ltd. 1,200 29,709 Yokohama Reito Co., Ltd. 6,000 44,765 ------------ Total Food 1,926,086 ------------ Forest Products & Paper--1.1% Chuetsu Pulp & Paper Co., Ltd. 12,000 23,667 Daiken Corp. 12,000 45,521 Daio Paper Corp. (a) 6,000 47,434 Hokuetsu Paper Mills Ltd. (a) 18,000 101,514 Rengo Co., Ltd. 12,000 76,740 Tomoku Co., Ltd. 12,000 25,782 ------------ Total Forest Products & Paper 320,658 ------------ See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Gas--1.2% Saibu Gas Co., Ltd. 36,000 $ 84,294 TOHO Gas Co., Ltd. 58,000 281,834 ------------ Total Gas 366,128 ------------ Hand/Machine Tools--1.4% Asahi Diamond Industrial Co., Ltd. 6,000 45,722 Disco Corp. 1,100 77,269 Hitachi Koki Co., Ltd. 6,000 85,099 Meidensha Corp. (a) 12,000 39,679 OSG Corp. 6,500 106,375 Union Tool Co. 1,800 80,970 ------------ Total Hand/Machine Tools 435,114 ------------ Healthcare-Products--1.9% Hogy Medical Co., Ltd. 600 23,213 Nihon Kohden Corp. 3,600 82,179 Nipro Corp. (a) 6,000 109,773 Paramount Bed Co., Ltd. (a) 3,600 60,728 Paris Miki, Inc. 5,800 104,897 Shimadzu Corp. 12,000 105,644 Sysmex Corp. 1,200 46,930 TOPCON Corp. (a) 1,800 35,727 ------------ Total Healthcare-Products 569,091 ------------ Home Builders--0.1% Mitsui Home Co., Ltd. 6,000 41,391 ------------ Home Furnishings--1.5% Alpine Electronics, Inc. 4,800 71,544 Canon Electronics, Inc. 2,700 93,811 France Bed Holdings Co., Ltd. 24,000 48,945 Hitachi Maxell Ltd. 7,100 105,765 Kenwood Corp. 18,000 32,026 Noritz Corp. 3,600 64,504 TOA Corp. 6,000 44,060 ------------ Total Home Furnishings 460,655 ------------ Housewares--0.7% Noritake Co., Ltd. 12,000 60,325 Sangetsu Co., Ltd. 5,800 140,917 ------------ Total Housewares 201,242 ------------ Insurance--0.5% Fuji Fire & Marine Insurance Co., Ltd. (The) 41,000 152,776 ------------ Iron/Steel--2.2% Aichi Steel Corp. (a) 6,000 36,356 Godo Steel Ltd. 12,000 67,475 Mitsubishi Steel Manufacturing Co., Ltd. 18,000 90,185 Nakayama Steel Works Ltd. 12,000 44,916 Nippon Metal Industry Co., Ltd. 18,000 68,130 Sanyo Special Steel Co., Ltd. 6,000 40,737 TOPY Industries Ltd. 12,000 50,052 Yamato Kogyo Co., Ltd. 4,800 121,254 Yodogawa Steel Works Ltd. 24,000 133,742 ------------ Total Iron/Steel 652,847 ------------ See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Leisure Time--0.7% Daikoku Denki Co., Ltd. 600 $ 12,790 Heiwa Corp. 7,700 97,320 HIS Co., Ltd. 1,200 29,306 Mars Engineering Corp. 1,200 23,415 Mizuno Corp. 6,000 37,917 TOKYO DOME CORP. 6,000 25,530 ------------ Total Leisure Time 226,278 ------------ Machinery-Construction & Mining--0.4% Aichi Corp. 3,600 34,956 Tadano Ltd. 6,000 70,597 ------------ Total Machinery-Construction & Mining 105,553 ------------ Machinery-Diversified--3.3% Aida Engineering Ltd. 6,000 37,615 CKD Corp. 3,000 31,346 Daifuku Co., Ltd. 3,000 47,560 Ebara Corp. (a) 30,000 114,808 Iseki & Co., Ltd. (a) 6,000 13,948 Komori Corp. 6,000 112,039 Makino Milling Machine Co., Ltd. 6,000 71,050 Max Co., Ltd. 6,000 86,912 Miura Co., Ltd. 3,000 76,035 Nabtesco Corp. 6,000 75,079 Nippon Thompson Co., Ltd. 6,000 55,088 Nitto Kohki Co., Ltd. 1,800 39,126 Okuma Holdings, Inc. 6,000 69,489 Sato Corp. 1,800 31,950 Tokyo Kikai Seisakusho Ltd. (a) 6,000 16,768 Toshiba Machine Co., Ltd. 6,000 55,088 Tsubakimoto Chain Co. 12,000 71,000 ------------ Total Machinery-Diversified 1,004,901 ------------ Metal Fabricate/Hardware--2.2% Kitz Corp. 6,000 50,254 Maruichi Steel Tube Ltd. 9,900 273,351 MISUMI Group, Inc. 3,000 57,404 Nachi-Fujikoshi Corp. 12,000 66,669 Oiles Corp. 1,200 29,608 Onoken Co., Ltd. 2,400 26,809 Ryobi Ltd. 6,000 51,664 Toho Zinc Co., Ltd. (a) 6,000 56,951 Tsubaki Nakashima Co., Ltd. 4,200 65,209 ------------ Total Metal Fabricate/Hardware 677,919 ------------ Mining--0.9% Nippon Denko Co., Ltd. 12,000 49,650 Nippon Light Metal Co., Ltd. 36,000 92,149 Pacific Metals Co., Ltd. 12,000 117,527 Sumitomo Light Metal Industries Ltd. 6,000 12,438 ------------ Total Mining 271,764 ------------ Miscellaneous Manufacturing--2.0% Achilles Corp. 12,000 20,041 Amano Corp. 7,100 89,023 Bando Chemical Industries Ltd. 6,000 28,601 Kureha Corp. 18,000 82,632 Mitsubishi Plastics, Inc. 12,000 34,140 Mitsuboshi Belting Ltd. 6,000 36,255 See Notes to Schedule of Investments. 8 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Nikkiso Co., Ltd. 6,000 $ 46,276 Nippon Valqua Industries Ltd. 12,000 40,485 Okamoto Industries, Inc. 12,000 43,305 Pentax Corp. 6,000 37,766 Shin-Etsu Polymer Co., Ltd. 2,400 33,536 Tenma Corp. 1,800 32,403 Tokai Rubber Industries, Inc. 4,200 71,378 ------------ Total Miscellaneous Manufacturing 595,841 ------------ Office Furnishings--0.6% Inaba Seisakusho Co., Ltd. 1,800 27,448 Kokuyo Co., Ltd. 5,400 85,246 Okamura Corp. 6,000 63,950 ------------ Total Office Furnishings 176,644 ------------ Office/Business Equipment--0.1% Canon Finetech, Inc. 1,800 35,424 ------------ Oil & Gas--0.0% AOC Holdings, Inc. 800 13,099 ------------ Packaging & Containers--0.2% Fuji Seal International, Inc. 1,200 29,357 Nihon Yamamura Glass Co., Ltd. 12,000 32,529 ------------ Total Packaging & Containers 61,886 ------------ Pharmaceuticals--2.6% Alfresa Holdings Corp. 2,300 138,786 Fuso Pharmaceutical Industries, Ltd. 6,000 17,372 Kaken Pharmaceutical Co., Ltd. 2,000 15,593 Kissei Pharmaceutical Co., Ltd. 6,000 101,716 Kobayashi Pharmaceutical Co., Ltd. 1,800 67,072 Miraca Holdings, Inc. 4,100 94,281 Mochida Pharmaceutical Co., Ltd. 6,000 51,211 Nippon Shinyaku Co., Ltd. 6,000 50,707 Seikagaku Corp. (a) 4,200 42,368 SSP Co., Ltd. 12,000 70,698 Toho Pharmaceutical Co., Ltd. 1,200 21,753 Torii Pharmaceutical Co., Ltd. 1,800 27,947 Towa Pharmaceutical Co., Ltd. 1,200 39,075 ZERIA Pharmaceutical Co., Ltd. 6,000 54,282 ------------ Total Pharmaceuticals 792,861 ------------ Real Estate--2.4% Arnest One Corp. 3,600 53,507 Diamond City Co., Ltd. 2,400 107,759 Goldcrest Co., Ltd. 1,190 61,320 Heiwa Real Estate Co., Ltd. 9,000 50,908 Iida Home Max 3,600 61,483 Japan General Estate Co., Ltd. (The) 2,400 68,885 Meiwa Estate Co., Ltd. 1,800 27,645 Ryowa Life Create Co., Ltd. (a) 7,100 56,249 Shoei Co., Ltd. 1,240 34,238 Sumitomo Real Estate Sales Co., Ltd. 830 63,040 TOC Co., Ltd. 18,000 90,638 Touei Housing Corp. 3,000 49,373 ------------ Total Real Estate 725,045 ------------ See Notes to Schedule of Investments. 9 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Retail--5.6% AOKI Holdings, Inc. 2,400 $ 42,600 Arcs Co., Ltd. 5,400 63,447 Belluna Co., Ltd. 1,500 22,257 Best Denki Co., Ltd. 15,000 93,533 Chiyoda Co., Ltd. 3,600 73,115 Circle K Sunkus Co. Ltd. 4,500 79,875 Culture Convenience Club Co., Ltd. 2,400 17,624 Don Quijote Co., Ltd. 1,800 34,367 Edion Corp. 4,200 62,213 Gigas K's Denki Corp. 1,200 35,148 Gulliver International Co., Ltd. 860 71,886 Hankyu Department Stores, Inc. 12,000 99,902 Heiwado Co., Ltd. (a) 3,000 49,776 Izumiya Co., Ltd. 6,000 42,852 Kasumi Co., Ltd. 6,000 33,838 Kojima Co., Ltd. (a) 2,400 19,880 Komeri Co., Ltd. 2,400 70,094 Konaka Co., Ltd. 1,220 17,355 Life Corp. 2,400 34,886 Matsumotokiyoshi Co., Ltd. 3,000 66,594 Ministop Co., Ltd. 2,400 40,989 MOS Food Services, Inc. 2,400 32,247 Nishimatsuya Chain Co., Ltd. (a) 1,800 33,914 Parco Co., Ltd. 4,200 47,902 Plenus Co., Ltd. 2,300 47,581 Point, Inc. 640 42,002 Right On Co., Ltd. (a) 1,200 46,427 Seiko Corp. 6,000 37,565 Senshukai Co., Ltd. 6,000 61,030 Shimachu Co., Ltd. 1,800 52,117 Sundrug Co., Ltd. 3,000 66,342 USS Co., Ltd. 1,670 108,618 Xebio Co., Ltd. 1,200 37,665 Yellow Hat Ltd. 2,400 20,283 ------------ Total Retail 1,705,924 ------------ Semiconductors--0.3% Mimasu Semiconductor Industry Co., Ltd. 4,200 81,423 ------------ Software--2.0% Capcom Co., Ltd. 5,400 97,210 Fuji Soft ABC, Inc. 1,200 28,400 Hitachi Software Engineering Co., Ltd. (a) 3,600 64,504 Koei Co., Ltd. (a) 7,100 120,065 NEC Mobiling Ltd. 1,800 30,968 Nihon Unisys Ltd. 2,400 39,176 Nippon System Development Co., Ltd. 1,200 38,068 OBIC Business Consultants Ltd. 1,200 82,179 Sumisho Computer Systems Corp. 3,600 82,330 Trans Cosmos, Inc. 1,800 37,615 ------------ Total Software 620,515 ------------ Storage/Warehousing--0.4% Mitsui-Soko Co., Ltd. 6,000 34,745 Sumitomo Warehouse Co., Ltd. (The) 12,000 91,544 ------------ Total Storage/Warehousing 126,289 ------------ Telecommunications--1.0% Denki Kogyo Co., Ltd. 6,000 55,692 Hitachi Kokusai Electric, Inc. 6,000 74,928 INVOICE, INC. (a) 1,845 50,323 Nippon Denwa Shisetsu Co., Ltd. 6,000 21,048 See Notes to Schedule of Investments. 10 Schedule of Investments (unaudited) (continued) WisdomTree Japan SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Oki Electric Industry Co., Ltd. 30,000 $ 66,720 Uniden Corp. 6,000 40,938 ------------ Total Telecommunications 309,649 ------------ Textiles--1.3% Kurabo Industries Ltd. 18,000 46,679 Nisshinbo Industries, Inc. 12,000 124,174 Nitto Boseki Co., Ltd. 12,000 41,794 Toyobo Co., Ltd. 58,000 174,748 Unitika Ltd. 8,000 10,138 ------------ Total Textiles 397,533 ------------ Toys/Games/Hobbies--0.1% TOMY Co., Ltd. (a) 6,500 43,913 ------------ Transportation--3.4% Daiichi Chuo Kisen Kaisha 30,000 72,259 Fukuyama Transporting Co., Ltd. 24,000 90,840 Hitachi Transport System Ltd. 7,700 80,454 Iino Kaiun Kaisha, Ltd. 11,100 107,408 Keisei Electric Railway Co., Ltd. 12,000 68,180 Kintetsu World Express, Inc. 1,200 29,105 Maruzen Showa Unyu Co., Ltd. 6,000 20,394 Nippon Konpo Unyu Soko Co., Ltd. 6,000 72,863 Nishi-Nippon Railroad Co., Ltd. 24,000 88,423 Sagami Railway Co., Ltd. 30,000 100,206 Sankyu, Inc. 6,000 35,349 Seino Holdings Corp. 12,000 112,592 Senko Co., Ltd. 12,000 40,787 Shinwa Kaiun Kaisha, Ltd. 24,000 95,271 Tonami Transportation Co., Ltd. 6,000 14,804 ------------ Total Transportation 1,028,935 ------------ TOTAL COMMON STOCKS (Cost: $29,238,281) 30,102,825 ------------ SHORT-TERM INVESTMENT--0.4% MONEY MARKET FUND--0.4% United States --0.4% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $103,859) 103,859 103,859 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--2.7% MONEY MARKET FUNDS (c)--2.7% UBS Enhanced Yield Portfolio, 5.23% 403,549 403,549 UBS Private Money Market Fund LLC, 5.21% 418,084 418,084 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $821,633) (d) 821,633 ------------ TOTAL INVESTMENTS IN SECURITIES--102.6% (Cost: $30,163,773) (e) 31,028,317 Liabilities in Excess of Foreign Cash and Other Assets--(2.6)% (778,887) ------------ NET ASSETS--100.0% $ 30,249,430 ============ (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $777,699 and the total market value of the collateral held by the Fund was $821,633. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 11 WisdomTree Japan SmallCap Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Industrial 27.7% Consumer Cyclical 24.2% Consumer Non-Cyclical 17.4% Financial 14.2% Basic Materials 9.4% Technology 4.0% Communications 1.4% Utilities 1.2% Energy 0.0% # Short-Term Investment 0.4% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. # Amount represents less than 0.05%. Portfolio of Investments (unaudited) WisdomTree Pacific ex-Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.9% Australia--58.3% A.B.C. Learning Centres Ltd. (a) 12,048 $ 79,768 Adelaide Bank Ltd. (a) 6,561 64,332 Adelaide Brighton Ltd. 32,417 71,798 Alinta Ltd. 14,839 138,248 Allco Finance Group Ltd. 7,512 76,144 Alumina Ltd. 23,202 115,945 Amcor Ltd. 24,176 138,152 AMP Ltd. 43,658 347,553 APN News & Media Ltd. (a) 16,148 77,003 Aristocrat Leisure Ltd. 7,487 93,830 Australia & New Zealand Banking Group Ltd. 55,121 1,225,622 Australian Pipeline Trust 8,486 28,092 Australian Stock Exchange Ltd. 4,029 121,151 AWB Ltd. 31,549 76,590 AXA Asia Pacific Holdings Ltd. 21,652 124,412 Bank of Queensland Ltd. 5,949 73,008 Baycorp Advantage Ltd. 25,394 52,641 Bendigo Bank Ltd. 6,668 73,212 BHP Billiton Ltd. 36,894 735,719 Billabong International Ltd. (a) 5,792 79,435 BlueScope Steel Ltd. 29,512 200,513 Boral Ltd. 15,425 92,765 Brambles Industries Ltd.* 24,027 242,975 Caltex Australia Ltd. 4,683 84,896 Challenger Financial Services Group Ltd. 24,839 80,662 Coates Hire Ltd. 13,460 62,064 Coca-Cola Amatil Ltd. 24,486 149,767 Cochlear Ltd. 1,582 72,322 Coles Myer Ltd. 29,426 324,710 Commonwealth Bank of Australia 42,428 1,654,696 Computershare Ltd. 10,483 73,538 Corporate Express Australia Ltd. 13,230 62,567 CSL Ltd. 1,524 78,524 CSR Ltd. 23,610 69,785 David Jones Ltd. 28,521 93,743 Downer EDI Ltd. 10,384 57,211 Energy Resources of Australia Ltd. 6,841 112,155 Flight Centre Ltd. 5,240 69,635 Foster's Group Ltd. 53,064 289,429 Harvey Norman Holdings Ltd. 20,645 61,835 Iluka Resources Ltd. 12,423 65,116 Insurance Australia Group Ltd. 59,293 296,766 John Fairfax Holdings Ltd. 32,154 122,410 Leighton Holdings Ltd. 5,892 93,903 Lend Lease Corp. Ltd. 12,171 176,898 Lion Nathan Ltd. 14,879 95,697 Macquarie Bank Ltd. 4,533 282,010 Metcash Ltd. 19,266 70,916 Minara Resources Ltd. 5,189 23,926 National Australia Bank Ltd. 49,835 1,586,908 Newcrest Mining Ltd. 4,111 85,382 Nufarm Ltd. (a) 7,906 64,496 OneSteel Ltd. 21,642 79,832 Orica Ltd. 5,279 101,110 Origin Energy Ltd. 13,779 89,817 PaperlinX Ltd. 25,870 80,136 Perpetual Ltd. (a) 1,217 75,022 Promina Group Ltd. 30,189 164,661 Publishing & Broadcasting Ltd. 13,990 235,425 Qantas Airways Ltd. 87,751 361,043 QBE Insurance Group Ltd. 15,294 347,779 Rinker Group Ltd. 8,406 119,592 Rio Tinto Ltd. (a) 4,420 258,850 See Notes to Schedule of Investments. 1 Portfolio of Investments (unaudited) (continued) WisdomTree Pacific ex-Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Rural Press Ltd. 7,601 $ 79,083 Santos Ltd. 14,359 111,706 Seek Ltd. (a) 18,346 85,027 Seven Network Ltd. (a) 9,740 86,981 Sigma Pharmaceuticals Ltd. 32,417 76,398 Sims Group Ltd. 4,703 74,954 Smorgon Steel Group Ltd. 39,801 58,350 Sonic Healthcare Ltd. 5,852 68,635 St.George Bank Ltd. 17,457 454,067 Suncorp-Metway Ltd. (a) 18,947 303,907 Symbion Health Ltd. 26,648 79,815 TABCORP Holdings Ltd. 20,673 274,562 Telstra Corp. Ltd. (a) 369,228 1,204,846 Ten Network Holdings Ltd. 27,648 71,696 Toll Holdings Ltd. 5,557 80,023 Transfield Services Ltd. 10,689 80,796 United Group Ltd. 6,128 67,380 Washington H. Soul Pattinson & Co., Ltd. 9,730 67,182 Wesfarmers Ltd. 14,889 440,552 West Australian Newspapers Holdings Ltd. 9,415 86,676 Westpac Banking Corp. 55,967 1,069,303 Woodside Petroleum Ltd. 10,313 309,786 Woolworths Ltd. 24,536 462,209 ------------ Total Australia 18,298,076 ------------ Hong Kong--27.1% Bank of East Asia Ltd. 33,016 187,001 Beijing Enterprises Holdings Ltd. 10,004 21,379 BOC Hong Kong (Holdings) Ltd. 242,626 658,254 Cathay Pacific Airways Ltd. 84,000 207,158 Cheung Kong (Holdings) Ltd. 25,015 307,973 China Merchants Holdings (International) Co., Ltd. 22,009 90,274 China Mobile Ltd. 214,113 1,850,063 China National Aviation Co., Ltd. 30,000 10,724 China Netcom Group Corp., Ltd. 10,004 26,820 China Overseas Land & Investment Ltd. 50,026 67,154 China Power International Development Ltd. 44,000 24,158 China Resources Enterprise, Ltd. 24,009 68,996 China Resources Power Holdings Co. 30,017 45,312 China Travel International Investment Hong Kong Ltd. 100,052 32,676 China Unicom Ltd. 90,047 131,992 Chong Hing Bank Ltd. 10,000 22,270 CITIC International Financial Holdings Ltd. (a) 70,039 62,859 CITIC Pacific Ltd. 50,026 172,709 CLP Holdings Ltd. 60,031 443,830 CNOOC Ltd. 269,140 255,739 Dah Sing Banking Group Ltd. 10,004 22,588 Dah Sing Financial Holdings Ltd. 1,999 18,108 Denway Motors Ltd. 100,052 40,524 Guangdong Investment Ltd. 70,039 31,610 Guangzhou Investment Co., Ltd. 40,022 11,270 Hang Lung Group Ltd. 20,009 60,846 Hang Lung Properties Ltd. 65,033 163,058 Hang Seng Bank Ltd. 50,027 683,773 Henderson Investment Ltd. 30,017 55,424 Henderson Land Development Co., Ltd. 21,009 117,508 Hong Kong & China Gas Co., Ltd. (The) 20,009 45,023 Hong Kong Aircraft Engineering Co., Ltd. 1,999 27,245 Hong Kong Exchanges and Clearing Ltd. 10,004 109,980 Hongkong & Shanghai Hotels Ltd. (The) 15,006 25,353 Hongkong Electric Holdings Ltd. 47,525 232,820 Hopewell Holdings Ltd. 15,006 52,675 Hung Hing Printing Group Ltd. 30,017 16,905 Hutchison Whampoa Ltd. 51,026 518,642 Hysan Development Co. Ltd. 10,004 26,177 See Notes to Schedule of Investments. 2 Portfolio of Investments (unaudited) (continued) WisdomTree Pacific ex-Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- i-CABLE Communications Ltd. 84,000 $ 19,657 Industrial & Commercial Bank of China Ltd. 25,015 48,246 Kowloon Development Co., Ltd. 10,000 17,744 Lenovo Group Ltd. 80,043 32,523 MTR Corp. 59,530 149,720 New World Development Co. Ltd. 40,022 80,587 Oriental Press Group Ltd. 90,047 16,325 PCCW Ltd. 105,054 63,892 Shanghai Industrial Holdings Ltd. 15,006 31,952 Shaw Brothers (Hong Kong) Ltd. 15,006 25,971 Shenzhen Investment Ltd. 30,017 12,505 Shun TAK Holdings Ltd. 10,004 15,307 Silver Grant International Industries Ltd. 30,017 7,912 Singamas Container Holdings Ltd. 46,000 20,997 Sino Land Co. Ltd. 40,022 93,452 Sun Hung Kai & Co., Ltd. 25,015 25,217 Sun Hung Kai Properties Ltd. 34,019 390,832 Swire Pacific Ltd. Class A 12,506 134,350 Swire Pacific Ltd. Class B 40,020 81,715 Techtronic Industries Co. 12,506 16,209 Television Broadcasts Ltd. 5,002 30,550 Wharf (Holdings) Ltd. (The) 30,017 110,963 Wheelock & Co., Ltd. 10,004 19,012 Wheelock Properties Ltd. 25,015 23,094 Wing Hang Bank Ltd. 5,002 58,849 Wing Lung Bank Ltd. 4,504 47,199 ------------ Total Hong Kong 8,521,650 ------------ New Zealand--3.3% Air New Zealand Ltd. 29,756 39,654 Auckland International Airport Ltd. 35,815 55,304 CanWest MediaWorks (NZ) Ltd. 7,084 10,939 Contact Energy Ltd. 10,954 64,261 Fisher & Paykel Appliances Holdings Ltd. 8,172 22,126 Fisher & Paykel Healthcare Corp. 9,516 28,583 Fletcher Building Ltd. 13,495 105,144 Freightways Ltd. 4,285 13,747 Hallenstein Glasson Holdings Ltd. 3,066 11,414 Infratil Ltd. 4,101 15,759 Mainfreight Ltd. 1,187 6,696 New Zealand Refining Co., Ltd. (The) 8,595 39,392 Nuplex Industries Ltd. 2,621 13,676 PGG Wrightson Ltd. 8,963 10,364 Port of Tauranga Ltd. 3,739 15,686 Pumpkin Patch Ltd. 2,472 8,105 Ryman Healthcare Ltd. 1,022 7,747 Sanford Ltd. 3,229 11,839 Sky City Entertainment Group Ltd. 13,854 50,210 Steel & Tube Holdings Ltd. 4,508 15,416 Telecom Corp. of New Zealand Ltd. 119,925 410,957 Tourism Holdings Ltd. 4,598 6,484 Vector Ltd. 16,672 29,624 Warehouse Group Ltd. (The) 9,026 45,822 ------------ Total New Zealand 1,038,949 ------------ Singapore--11.2% Allgreen Properties Ltd. 25,000 21,345 Ascendas Real Estate Investment Trust 35,000 60,907 Ascott Group Ltd. (The) 2,000 2,099 CapitaMall Trust Management Ltd. 30,000 56,899 Cerebos Pacific Ltd. 5,000 11,406 Chuan Hup Holdings Ltd. 90,000 18,477 City Developments Ltd. 5,000 41,387 ComfortDelgro Corp., Ltd. 40,000 41,974 See Notes to Schedule of Investments. 3 Portfolio of Investments (unaudited) (continued) WisdomTree Pacific ex-Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Cosco Corp. (Singapore) Ltd. 15,000 $ 22,486 Creative Technology Ltd. 2,000 13,296 DBS Group Holdings Ltd. 34,000 500,815 Delong Holdings Ltd. 159,000 13,990 Elec & Eltek International Co., Ltd. 5,000 13,950 Fortune Real Estate Investment Trust 29,000 22,000 Fraser and Neave Ltd. 20,070 58,864 Great Eastern Holdings Ltd. 5,000 55,400 Guocoland Ltd. 10,000 16,881 Haw Par Corp., Ltd. 5,000 23,138 Hi-P International Ltd. 15,000 8,506 Hong Leong Finance Ltd. 10,000 24,897 Hotel Plaza Ltd. 14,000 14,326 Hotel Properties Ltd. 9,000 15,838 Jardine Cycle & Carriage Ltd. 4,000 38,584 Jaya Holdings Ltd. 20,000 19,292 Keppel Corp. Ltd. 6,000 68,826 Keppel Land Ltd. 5,000 22,486 Keppel Telecommunications & Transportation Ltd. 10,000 10,428 Kim Eng Holdings Ltd. 14,000 12,592 Labroy Marine Ltd. 15,000 18,380 Macquarie MEAG Prime Real Estate Investment Trust 20,000 15,251 Mapletree Logistics Trust 20,000 15,512 Metro Holdings Ltd. 25,000 13,850 MobileOne Ltd. 30,000 42,039 Oversea-Chinese Banking Corp. Ltd. 55,000 276,022 Parkway Holdings Ltd. 15,000 30,698 Petra Foods Ltd. 15,000 17,598 Raffles Education Corp., Ltd. 11,000 12,690 SBS Transit Ltd. 7,500 11,878 SembCorp Industries Ltd. 20,000 50,055 SembCorp Marine Ltd. 20,000 44,320 SIA Engineering Co., Ltd. 10,000 28,026 Singapore Airlines Ltd. 19,000 216,711 Singapore Airport Terminal Services Ltd. 20,000 32,588 Singapore Exchange Ltd. 10,000 37,150 Singapore Land Ltd. 5,000 28,026 Singapore Petroleum Co., Ltd. 5,000 14,208 Singapore Post Ltd. 55,000 39,073 Singapore Press Holdings Ltd. 30,000 83,686 Singapore Technologies Engineering Ltd. 20,000 40,149 Singapore Telecommunications Ltd. 244,450 522,581 SMRT Corp. Ltd. 45,000 34,902 StarHub Ltd. 39,000 66,851 Straits Trading Co., Ltd. 5,000 11,406 Suntec Real Estate Investment Trust 35,000 41,517 Unisteel Technology Ltd. 9,000 14,958 United Overseas Bank Ltd. 30,000 379,326 UOB Kay Hian Holdings Ltd. 20,000 17,207 UOL Group Ltd. 10,000 28,287 Venture Corp., Ltd. 4,000 35,195 Want Want Holdings Ltd. 10,000 16,300 WBL Corp., Ltd. (a) 5,000 14,599 Wheelock Properties (Singapore) Ltd. 10,000 14,665 Wing Tai Holdings Ltd. 10,000 14,860 ------------ Total Singapore 3,511,653 ------------ TOTAL COMMON STOCKS (Cost: $28,362,662) 31,370,328 ------------ 4 Portfolio of Investments (unaudited) (continued) WisdomTree Pacific ex-Japan Total Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- RIGHTS*--0.0% Singapore--0.0% Allgreen Properties Ltd., expiring 1/09/07 (Cost: $0) 12,500 $ 5,785 ------------ TOTAL LONG-TERM INVESTMENTS (Cost: $28,362,662) 31,376,113 ------------ SHORT-TERM INVESTMENT--1.1% MONEY MARKET FUND--1.1% United States--1.1% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $337,901) 337,901 337,901 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--1.7% MONEY MARKET FUNDS (c)--1.7% UBS Enhanced Yield Portfolio, 5.23% 403,372 403,372 UBS Private Money Market Fund LLC, 5.21% 144,286 144,286 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $547,658) (d) 547,658 ------------ TOTAL INVESTMENTS IN SECURITIES--102.7% (Cost: $29,248,221) (e) 32,261,672 Liabilities in Excess of Foreign Cash and Other Assets--(2.7)% (863,473) ------------ NET ASSETS--100.0% $ 31,398,199 ============ * Non-income producing security. (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $519,211 and the total market value of the collateral held by the Fund was $547,658. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 5 WisdomTree Pacific ex-Japan Total Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 43.9% Communications 17.0% Industrial 7.5% Consumer Non-Cyclical 7.3% Consumer Cyclical 6.9% Basic Materials 6.0% Diversified 4.6% Utilities 3.3% Energy 3.0% Technology 0.4% Short-Term Investment 1.1% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Portfolio of Investments (unaudited) WisdomTree Pacific ex-Japan High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.9% Australia--86.7% Adelaide Bank Ltd. (a) 21,943 $ 215,156 Adelaide Brighton Ltd. 108,990 241,396 Alesco Corp., Ltd. (a) 22,041 200,481 Alinta Ltd. 67,791 631,576 Amcor Ltd. 107,668 615,263 Austereo Group Ltd. 121,146 203,388 Australia & New Zealand Banking Group Ltd. 164,318 3,653,629 Australian Pharmaceutical Industries Ltd. 89,195 156,074 Australian Pipeline Trust 64,051 212,037 AWB Ltd. 94,731 229,974 Baycorp Advantage Ltd. 12,037 24,952 BlueScope Steel Ltd. 124,922 848,756 Bradken Ltd. 11,320 71,379 City Pacific Ltd. (a) 75,174 263,672 Coca-Cola Amatil Ltd. 108,433 663,223 Colorado Group Ltd. 13,151 41,773 Commonwealth Bank of Australia 106,830 4,166,384 Consolidated Minerals Ltd. (a) 93,806 160,445 Crane Group Ltd. (a) 17,051 178,478 CSR Ltd. 111,973 330,964 David Jones Ltd. 105,516 346,809 Flight Centre Ltd. (a) 24,634 327,362 Futuris Corp., Ltd. 120,984 187,858 Galileo Shopping America Trust 254,969 247,189 Great Southern Plantations Ltd. (a) 63,656 141,490 GUD Holdings Ltd. 26,847 187,061 Gunns Ltd. 79,295 185,001 GWA International Ltd. 79,908 238,077 Hills Industries Ltd. (a) 52,119 230,871 Insurance Australia Group Ltd. 242,126 1,211,857 IWL Ltd. 7,027 25,976 John Fairfax Holdings Ltd. (a) 150,140 571,584 Jubilee Mines NL (a) 33,724 418,920 Just Group Ltd. (a) 59,604 173,825 Lend Lease Corp. Ltd. 53,897 783,361 Lion Nathan Ltd. 70,012 450,297 MacArthur Coal Ltd. 59,369 257,371 McGuigan Simeon Wines Ltd. 20,186 51,550 National Australia Bank Ltd. 129,973 4,138,765 New Hope Corp. Ltd. 178,192 199,440 Oakton Ltd. 8,868 32,013 Pacific Brands Ltd. 150,641 309,899 Perpetual Ltd. (a) 6,085 375,110 Prime Television Ltd. 3,268 9,531 Programmed Maintenance Services Ltd. 8,101 31,735 Promina Group Ltd. 132,837 724,538 Qantas Airways Ltd. 361,351 1,486,744 Repco Corp., Ltd. (a) 105,280 141,484 Ridley Corp., Ltd. 24,562 22,554 Rural Press Ltd. 26,176 272,341 Salmat Ltd. 17,672 57,666 Sims Group Ltd. 24,001 382,513 Skilled Group Ltd. 10,915 45,167 Smorgon Steel Group Ltd. 237,787 348,608 Southern Cross Broadcasting Australia Ltd. (a) 20,757 261,443 Spotless Group Ltd. (a) 52,086 190,491 St.George Bank Ltd. 68,303 1,776,601 STW Communications Group Ltd. (a) 64,557 166,390 Suncorp-Metway Ltd. (a) 76,416 1,225,702 Sunland Group Ltd. 85,545 243,410 TABCORP Holdings Ltd. 84,431 1,121,343 See Notes to Schedule of Investments. 1 Portfolio of Investments (unaudited) (continued) WisdomTree Pacific ex-Japan High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Telstra Corp. Ltd. 1,241,400 $ 4,050,871 Ten Network Holdings Ltd. 111,610 289,424 Tishman Speyer Office Fund 98,296 192,917 Wesfarmers Ltd. 58,604 1,734,036 West Australian Newspapers Holdings Ltd. 42,996 395,829 Westpac Banking Corp. 177,340 3,388,251 ------------ Total Australia 42,760,275 ------------ Hong Kong--0.5% Fubon Bank (Hong Kong) Ltd. 126,208 57,771 Hung Hing Printing Group Ltd. 74,130 41,749 Oriental Press Group Ltd. (a) 711,146 128,929 ------------ Total Hong Kong 228,449 ------------ New Zealand--8.1% Air New Zealand Ltd. 228,347 304,304 Auckland International Airport Ltd. 202,753 313,085 CanWest MediaWorks (NZ) Ltd. 27,299 42,154 Fisher & Paykel Appliances Holdings Ltd. 64,119 173,608 Fletcher Building Ltd. 65,478 510,162 Freightways Ltd. (a) 16,478 52,865 New Zealand Refining Co., Ltd. (The) 53,601 245,661 Nuplex Industries Ltd. 10,082 52,605 Sanford Ltd. 12,400 45,465 Sky City Entertainment Group Ltd. 79,109 286,708 Telecom Corp. of New Zealand Ltd. 470,789 1,613,293 Warehouse Group Ltd. (The) 74,391 377,662 ------------ Total New Zealand 4,017,572 ------------ Singapore--4.6% Ascendas Real Estate Investment Trust 193,000 335,860 Chuan Hup Holdings Ltd. 778,000 159,728 Fortune Real Estate Investment Trust 41,000 31,104 Hong Leong Finance Ltd. 87,000 216,607 Jaya Holdings Ltd. 173,000 166,877 Macquarie MEAG Prime Real Estate Investment Trust 30,000 22,877 MobileOne Ltd. 184,000 257,837 Robinson & Co., Ltd. 13,510 43,850 SMRT Corp. Ltd. 286,000 221,821 StarHub Ltd. 201,857 346,011 Suntec Real Estate Investment Trust 241,000 285,876 UOB-Kay Hian Holdings Ltd. 197,000 169,484 ------------ Total Singapore 2,257,932 ------------ TOTAL COMMON STOCKS (Cost: $44,213,331) 49,264,228 ------------ SHORT-TERM INVESTMENT--0.9% MONEY MARKET FUND --0.9% United States--0.9% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $427,343) 427,343 427,343 ------------ See Notes to Schedule of Investments. 2 Portfolio of Investments (unaudited) (continued) WisdomTree Pacific ex-Japan High-Yielding Equity Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--6.3% MONEY MARKET FUNDS (c)--6.3% UBS Enhanced Yield Portfolio, 5.23% 1,006,565 $ 1,006,565 UBS Private Money Market Fund LLC, 5.21% 2,093,825 2,093,825 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $3,100,390) (d) 3,100,390 ------------ TOTAL INVESTMENTS IN SECURITIES--107.1% (Cost: $47,741,064) (e) 52,791,961 Liabilities in Excess of Foreign Cash and Other Assets--(7.1)% (3,495,080) ------------ NET ASSETS--100.0% $ 49,296,881 ============ (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $2,942,687 and the total market value of the collateral held by the Fund was $3,100,390. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 3 WisdomTree Pacific ex-Japan High-Yielding Equity Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 47.6% Communications 17.6% Industrial 11.9% Consumer Cyclical 11.1% Basic Materials 4.4% Consumer Non-Cyclical 4.1% Energy 1.8% Utilities 1.3% Technology 0.1% Short-Term Investment 0.9% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.7% Australia--6.2% AMP Ltd. 11,402 $ 90,769 Australia & New Zealand Banking Group Ltd. 14,407 320,341 BHP Billiton Ltd. 9,632 192,076 Commonwealth Bank of Australia 11,139 434,422 Macquarie Bank Ltd. 1,178 73,286 National Australia Bank Ltd. 13,010 414,281 QBE Insurance Group Ltd. 3,994 90,822 Rinker Group Ltd. 2,196 31,243 Rio Tinto Ltd. (a) 1,150 67,348 St.George Bank Ltd. 4,554 118,452 Telstra Corp. Ltd. 98,048 319,945 Westpac Banking Corp. 14,624 279,406 Woodside Petroleum Ltd. 2,688 80,743 Woolworths Ltd. 6,409 120,733 ------------ Total Australia 2,633,867 ------------ Austria--0.4% Bank Austria Creditanstalt AG 477 75,354 Erste Bank der oesterreichischen Sparkassen AG 434 33,250 OMV AG 413 23,413 Telekom Austria AG 842 22,539 ------------ Total Austria 154,556 ------------ Belgium--2.2% Belgacom S.A. 2,849 125,366 Dexia N.V. 4,330 118,477 Fortis N.V. 9,520 405,731 Groupe Bruxelles Lambert S.A. 392 47,065 InBev N.V. 1,017 66,973 KBC Groep N.V. 1,423 174,321 ------------ Total Belgium 937,933 ------------ Denmark--0.5% Danske Bank A/S 3,621 160,774 Novo Nordisk A/S Class B 655 54,515 ------------ Total Denmark 215,289 ------------ Finland--1.2% Fortum Oyj 7,090 201,569 Nokia Oyj 12,150 248,014 UPM-Kymmene Corp. 3,157 79,596 ------------ Total Finland 529,179 ------------ France--15.1% Accor S.A. 933 72,219 Assurances Generales de France 884 137,668 AXA S.A. 11,459 463,437 BNP Paribas 4,295 468,097 Bouygues S.A. 1,227 78,683 Carrefour S.A. 2,786 168,773 Christian Dior S.A. 476 50,685 Cie de Saint-Gobain S.A. 1,430 120,023 CNP Assurances S.A. 525 58,568 Credit Agricole S.A. 3,138 131,834 France Telecom S.A. 27,085 748,243 Gaz de France 2,268 104,226 Groupe Danone 856 129,582 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Lafarge S.A. 777 $ 115,471 Lagardere SCA 448 36,036 L'Air Liquide S.A. 511 121,222 L'Oreal S.A. 1,691 169,245 LVMH Moet Hennessy Louis Vuitton S.A. 1,262 133,048 Natixis 1,472 41,306 PPR S.A. 699 104,341 Renault S.A. 1,624 194,875 Sanofi-Aventis 3,882 358,073 Schneider Electric S.A. 1,080 119,770 Societe Generale 2,084 353,402 Suez S.A. 7,552 390,670 TOTAL S.A. 13,712 988,145 Vallourec S.A. 70 20,335 Veolia Environnement S.A. 1,080 83,170 VINCI S.A. 1,066 136,070 Vivendi S.A. 8,064 314,861 ------------ Total France 6,412,078 ------------ Germany--8.1% adidas AG 231 11,493 Allianz SE 1,409 287,541 BASF AG 2,091 203,626 Bayer AG 2,695 144,496 Bayerische Motoren Werke AG 1,311 75,218 Beiersdorf AG 483 31,285 Commerzbank AG 1,458 55,467 Continental AG 224 26,023 DaimlerChrysler AG 4,955 305,787 Deutsche Bank AG 1,269 169,579 Deutsche Boerse AG 272 50,006 Deutsche Post AG 5,322 160,288 Deutsche Postbank AG 469 39,562 Deutsche Telekom AG 32,051 584,935 E.ON AG 2,898 392,960 Metro AG 968 61,665 Muenchener Rueckversicherungs AG 870 149,621 RWE AG 1,888 207,883 SAP AG 1,456 77,297 Siemens AG 2,303 228,188 ThyssenKrupp AG 1,825 85,889 Volkswagen AG 784 88,795 ------------ Total Germany 3,437,604 ------------ Hong Kong--3.4% BOC Hong Kong (Holdings) Ltd. 63,471 172,199 Cheung Kong (Holdings) Ltd. 6,052 74,510 China Mobile Ltd. 56,419 487,493 China Unicom Ltd. 24,110 35,341 CLP Holdings Ltd. 15,110 111,714 CNOOC Ltd. 70,529 67,017 Hang Seng Bank Ltd. 13,395 183,084 Hong Kong & China Gas Co., Ltd. (The) 7,052 15,868 Hutchison Whampoa Ltd. 14,110 143,417 MTR Corp. 14,110 35,487 Sun Hung Kai Properties Ltd. 9,052 103,995 ------------ Total Hong Kong 1,430,125 ------------ Ireland--0.7% Allied Irish Banks PLC 4,155 123,935 Anglo Irish Bank Corp. PLC 1,010 20,843 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Bank of Ireland 4,253 $ 98,144 CRH PLC 1,052 43,808 ------------ Total Ireland 286,730 ------------ Italy--7.3% Assicurazioni Generali SpA 2,548 111,785 Autostrade SpA 1,017 29,222 Banca Intesa SpA 38,172 294,463 Banca Monte dei Paschi di Siena SpA 6,660 43,055 Capitalia SpA 10,798 102,092 Enel SpA 43,445 447,713 Eni SpA 30,947 1,039,795 Luxottica Group SpA 651 19,985 Mediaset SpA 5,287 62,676 Mediobanca SpA 3,131 73,862 Sanpaolo IMI SpA 6,661 154,590 Telecom Italia SpA 113,977 344,177 UniCredito Italiano SpA 45,101 394,897 ------------ Total Italy 3,118,312 ------------ Japan--6.9% AEON Co., Ltd. 2,600 56,187 Astellas Pharma, Inc. 700 31,782 Bridgestone Corp. 700 15,597 Canon, Inc. 2,100 118,082 Chubu Electric Power Co., Inc. 2,100 62,742 Chugai Pharmaceutical Co., Ltd. 700 14,422 DENSO CORP 1,400 55,457 East Japan Railway Co. 7 46,704 Eisai Co., Ltd. 700 38,421 Fanuc Ltd. 500 49,180 Fuji Photo Film Co., Ltd. 700 28,727 Fujitsu Ltd. 6,000 47,031 Hitachi Ltd. 7,000 43,590 Honda Motor Co., Ltd. 2,800 110,444 Hoya Corp. 400 15,576 Japan Tobacco, Inc. 7 33,780 JFE Holdings, Inc. 700 36,012 Kansai Electric Power Co., Inc. (The) 2,100 56,573 Komatsu Ltd. 2,300 46,616 Kyocera Corp. 500 47,082 Kyushu Electric Power Co., Inc. 1,400 36,893 Matsushita Electric Industrial Co., Ltd. 2,000 39,864 Mitsubishi Corp. 2,200 41,358 Mitsubishi Electric Corp. 5,000 45,571 Mitsubishi Estate Co., Ltd. 1,000 25,849 Mitsubishi UFJ Financial Group, Inc. 7 86,358 Mitsui & Co., Ltd. 2,000 29,877 Mitsui Fudosan Co., Ltd. 1,000 24,380 Mizuho Financial Group, Inc. 6 42,801 Nikko Cordial Corp. 3,500 40,095 Nippon Steel Corp. 7,000 40,183 Nippon Telegraph & Telephone Corp. 21 103,277 Nissan Motor Co., Ltd. 11,200 134,695 Nomura Holdings, Inc. 2,100 39,566 NTT DoCoMo, Inc. 98 154,622 ORIX Corp. 70 20,238 Sharp Corp. 2,000 34,409 Shin-Etsu Chemical Co., Ltd. 700 46,821 SOFTBANK CORP. 700 13,600 Sumitomo Chemical Co., Ltd. 6,000 46,477 Sumitomo Corp. 2,800 41,851 Sumitomo Electric Industries Ltd. 700 10,927 Sumitomo Metal Industries Ltd. 7,000 30,372 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree International LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Sumitomo Mitsui Financial Group, Inc. 5 $ 51,194 Sumitomo Realty & Development Co., Ltd. 1,000 32,059 Suzuki Motor Corp. 700 19,739 T&D Holdings, Inc. 350 23,117 Takeda Pharmaceutical Co., Ltd. 1,400 95,993 Tohoku Electric Power Co., Inc. 1,400 34,954 Tokyo Electric Power Co., Inc. (The) 3,500 113,088 Tokyo Gas Co., Ltd. 7,000 37,187 Toshiba Corp. 7,000 45,529 Toyota Motor Corp. 5,600 374,101 ------------ Total Japan 2,911,050 ------------ Netherlands--4.2% ABN AMRO Holding N.V. 11,584 371,952 AEGON N.V. 7,216 137,402 Akzo Nobel N.V. 1,059 64,530 European Aeronautic Defence & Space Co. EADS N.V. 2,625 90,344 Heineken N.V. 807 38,341 ING Groep N.V. 10,938 484,482 Koninklijke Philips Electronics N.V. 3,145 118,484 Royal KPN N.V. 14,195 201,596 STMicroelectronics N.V. 1,171 21,726 TNT N.V. 1,367 58,729 Unilever N.V. 7,897 215,557 ------------ Total Netherlands 1,803,143 ------------ Norway--1.1% DnB NOR ASA 7,757 110,256 Norsk Hydro ASA 4,226 131,334 Statoil ASA 5,492 145,760 Telenor ASA 4,226 79,581 ------------ Total Norway 466,931 ------------ Portugal--0.4% EDP-Energias de Portugal, S.A. 16,913 85,641 Portugal Telecom, SGPS, S.A. 7,496 97,265 ------------ Total Portugal 182,906 ------------ Singapore--1.0% DBS Group Holdings Ltd. 9,000 132,569 Oversea-Chinese Banking Corp. Ltd. 14,000 70,260 Singapore Telecommunications Ltd. 63,500 135,749 United Overseas Bank Ltd. 8,000 101,154 ------------ Total Singapore 439,732 ------------ Spain--5.6% Abertis Infraestructuras S.A. (a) 1,895 56,224 ACS, Actividades Construccion y Servicios, S.A. 651 36,664 Altadis, S.A. 905 47,317 Banco Bilbao Vizcaya Argentaria, Chile, S.A. 14,428 347,025 Banco Popular Espanol, S.A. 5,081 91,992 Banco Santander Central Hispano S.A. 30,055 560,397 Cia Espanola De Petroleos, S.A. (a) 814 63,759 Endesa S.A. 4,106 193,997 Gas Natural SDG, S.A. 1,902 75,217 Grupo Ferrovial S.A. 266 25,939 Iberdrola, S.A. 3,889 169,847 Inditex S.A. 777 41,814 Repsol YPF, S.A. 4,316 149,112 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree International LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Telefonica S.A. 22,024 $ 468,156 Union Fenosa S.A. 863 42,675 ------------ Total Spain 2,370,135 ------------ Sweden--2.9% AB Volvo Class B 1,410 97,153 Atlas Copco AB Class A 4,010 134,780 H&M Hennes & Mauritz AB Class B 3,521 178,031 Nordea Bank AB 14,110 217,537 Sandvik AB 4,226 61,448 Skandinaviska Enskilda Banken AB 2,821 89,664 Svenska Handelsbanken AB Class A 2,821 85,335 Swedbank AB Class A 2,821 102,443 Telefonaktiebolaget LM Ericsson Class B 35,262 142,481 TeliaSonera AB 17,631 144,928 ------------ Total Sweden 1,253,800 ------------ Switzerland--4.9% Adecco S.A. 315 21,483 Credit Suisse Group 4,631 323,415 Holcim Ltd. 525 48,040 Nestle S.A. 1,336 473,898 Novartis AG 6,080 349,897 Roche Holding AG 1,206 215,869 Swiss Reinsurance Co. 1,318 111,858 Swisscom AG 355 134,139 UBS AG 6,610 400,975 ------------ Total Switzerland 2,079,574 ------------ United Kingdom--27.6% Anglo American PLC 5,172 252,150 Associated British Foods PLC 2,744 44,333 AstraZeneca PLC 5,679 304,985 Aviva PLC 12,849 206,712 BAE SYSTEMS PLC 12,154 101,274 Barclays PLC 41,016 586,004 BG Group PLC 4,617 62,621 BHP Billiton PLC 6,015 110,012 BP PLC 94,066 1,044,775 British American Tobacco PLC 10,798 301,995 British Land Co. PLC 996 33,411 British Sky Broadcasting PLC 5,336 54,514 BT Group PLC 58,855 347,292 Cadbury Schweppes PLC 7,622 81,524 Centrica PLC 18,380 127,522 Diageo PLC 14,314 280,847 GlaxoSmithKline PLC 24,831 653,156 HBOS PLC 22,346 495,074 HSBC Holdings PLC 69,065 1,258,437 Imperial Tobacco Group PLC 3,453 135,837 Legal & General Group PLC 52,462 161,715 Lloyds TSB Group PLC 55,927 625,549 Man Group PLC 4,842 49,539 Marks & Spencer Group PLC 5,250 73,672 National Grid PLC 17,657 254,688 Old Mutual PLC 25,281 86,217 Prudential PLC 9,387 128,511 Reckitt Benckiser PLC 1,965 89,761 Reed Elsevier PLC 5,208 57,131 Rio Tinto PLC 2,513 133,680 Royal Bank of Scotland Group (The) PLC 16,561 645,977 Royal Dutch Shell PLC Class A 18,618 655,993 Royal Dutch Shell PLC Class B 13,066 457,741 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree International LargeCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- SABMiller PLC 4,414 $ 101,507 Scottish & Southern Energy PLC 5,081 154,534 Scottish Power PLC 9,513 139,265 Shire PLC 322 6,674 Standard Chartered PLC 4,976 145,303 Tesco PLC 28,021 221,833 Unilever PLC 7,062 197,370 Vodafone Group PLC 275,638 763,343 Wolseley PLC 1,881 45,392 WPP Group PLC 2,324 31,407 Xstrata PLC 800 39,926 ------------ Total United Kingdom 11,749,203 ------------ TOTAL COMMON STOCKS (Cost: $36,923,608) 42,412,147 ------------ SHORT-TERM INVESTMENT--0.6% MONEY MARKET FUND--0.6% United States--0.6% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $234,458) 234,458 234,458 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--0.3% MONEY MARKET FUNDS(c) --0.3% UBS Enhanced Yield Portfolio, 5.23% 104,386 104,386 UBS Private Money Market Fund LLC, 5.21% 17,103 17,103 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $121,489) (d) 121,489 ------------ TOTAL INVESTMENTS IN SECURITIES--100.6% (Cost: $37,279,555) (e) 42,768,094 Liabilities in Excess of Foreign Cash and Other Assets--(0.6)% (244,279) ------------ NET ASSETS--100.0% $ 42,523,815 ============ (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $115,650 and the total market value of the collateral held by the Fund was $121,489. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. 6 WisdomTree International LargeCap Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 36.9% Communications 14.7% Consumer Non-Cyclical 12.5% Energy 11.6% Utilities 7.8% Industrial 5.8% Consumer Cyclical 5.0% Basic Materials 4.0% Diversified 0.8% Technology 0.6% Short-Term Investment 0.6% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Dividend Top 100 Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.8% Australia--14.6% AMP Ltd. 194,011 $ 1,544,486 Australia & New Zealand Banking Group Ltd. 94,253 2,095,726 Commonwealth Bank of Australia 57,470 2,241,337 Macquarie Bank Ltd. 26,052 1,620,763 National Australia Bank Ltd. 67,755 2,157,541 QBE Insurance Group Ltd. 65,526 1,490,033 St.George Bank Ltd. 92,942 2,417,476 Telstra Corp. Ltd. (a) 1,278,819 4,172,974 Westpac Banking Corp. 109,175 2,085,893 Woodside Petroleum Ltd. 28,443 854,379 Woolworths Ltd. 86,657 1,632,442 ------------ Total Australia 22,313,050 ------------ Belgium--3.3% Belgacom S.A. 55,293 2,433,078 Dexia N.V. 39,131 1,070,702 Fortis N.V. 35,960 1,532,572 ------------ Total Belgium 5,036,352 ------------ Denmark--1.0% Danske Bank A/S 33,389 1,482,486 ------------ Finland--2.5% Fortum Oyj 76,146 2,164,839 UPM-Kymmene Corp. 63,942 1,612,144 ------------ Total Finland 3,776,983 ------------ France--7.9% Assurances Generales de France 8,916 1,388,513 AXA S.A. 28,939 1,170,380 BNP Paribas 11,428 1,245,497 Credit Agricole S.A. 24,727 1,038,836 France Telecom S.A. 82,939 2,291,251 Societe Generale 7,614 1,291,170 Suez S.A. 27,214 1,407,798 TOTAL S.A. 14,627 1,054,084 Vivendi S.A. 30,415 1,187,561 ------------ Total France 12,075,090 ------------ Germany--4.5% BASF AG 11,645 1,134,017 DaimlerChrysler AG 23,735 1,464,754 Deutsche Post AG 37,814 1,138,881 Deutsche Telekom AG 106,020 1,934,878 E.ON AG 8,680 1,176,981 ------------ Total Germany 6,849,511 ------------ Hong Kong--4.6% BOC Hong Kong (Holdings) Ltd. 766,632 2,079,904 China Netcom Group Corp. (Hong Kong) Ltd. 627,343 1,681,841 CLP Holdings Ltd. 255,553 1,889,395 Hang Seng Bank Ltd. 103,216 1,410,764 ------------ Total Hong Kong 7,061,904 ------------ See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Dividend Top 100 Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Ireland--1.8% Allied Irish Banks PLC 46,769 $ 1,394,967 Bank of Ireland 55,160 1,272,893 ------------ Total Ireland 2,667,860 ------------ Italy--8.7% Banca Intesa SpA 254,000 1,959,383 Capitalia SpA 121,870 1,152,247 Enel SpA 228,937 2,359,254 Eni SpA 49,003 1,646,462 Mediaset SpA 114,467 1,356,968 Sanpaolo Imi SpA 61,607 1,429,791 Telecom Italia SpA 707,673 2,136,968 UniCredito Italiano SpA 138,475 1,212,465 ------------ Total Italy 13,253,538 ------------ Netherlands--5.0% ABN AMRO Holding N.V. 55,707 1,788,703 Aegon N.V. 62,687 1,193,643 ING Groep N.V. 28,911 1,280,569 Royal KPN N.V. 133,156 1,891,064 Unilever N.V. 50,896 1,389,261 ------------ Total Netherlands 7,543,240 ------------ Norway--0.9% DnB NOR ASA 101,416 1,441,505 ------------ Portugal--2.0% EDP-Energias de Portugal, S.A. 286,430 1,450,372 Portugal Telecom, SGPS, S.A. 126,809 1,645,413 ------------ Total Portugal 3,095,785 ------------ Singapore--3.5% DBS Group Holdings Ltd. 95,000 1,399,335 Oversea-Chinese Banking Corp. Ltd. 258,000 1,294,792 Singapore Telecommunications Ltd. 524,500 1,121,267 United Overseas Bank Ltd. 120,000 1,517,305 ------------ Total Singapore 5,332,699 ------------ Spain--6.7% Banco Bilbao Vizcaya Argentaria, Chile, S.A. 47,016 1,130,838 Banco Popular Espanol, S.A. 66,064 1,196,094 Banco Santander Central Hispano S.A. 75,437 1,406,576 Endesa S.A. (a) 39,211 1,852,612 Gas Natural SDG, S.A. 36,920 1,460,051 Iberdrola, S.A. 34,303 1,498,139 Telefonica S.A. 80,155 1,703,827 ------------ Total Spain 10,248,137 ------------ Sweden--6.0% AB Volvo Class B 29,163 2,009,404 H&M Hennes & Mauritz AB Class B 31,013 1,568,099 Nordea Bank AB 95,211 1,467,888 Sandvik AB 76,758 1,116,093 Svenska Handelsbanken AB Class A 40,084 1,212,537 Swedbank AB Class A 47,200 1,714,044 ------------ Total Sweden 9,088,065 ------------ See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International Dividend Top 100 Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Switzerland--1.0% Swisscom AG 4,034 $ 1,524,275 ------------ United Kingdom--25.8% Aviva PLC 88,810 1,428,755 BAE SYSTEMS PLC 128,263 1,068,760 Barclays PLC 125,645 1,795,115 BP PLC 97,277 1,080,439 British American Tobacco PLC 47,463 1,327,430 BT Group PLC 418,928 2,472,013 Centrica PLC 262,216 1,819,280 Diageo PLC 71,055 1,394,130 GlaxoSmithKline PLC 34,623 910,727 HBOS PLC 78,960 1,749,354 HSBC Holdings PLC 63,930 1,164,873 Imperial Tobacco Group PLC 38,419 1,511,354 Legal & General Group PLC 558,355 1,721,136 Lloyds TSB Group PLC 243,375 2,722,176 National Grid PLC 143,579 2,071,012 Old Mutual PLC 339,123 1,156,523 Prudential PLC 80,901 1,107,556 Reed Elsevier PLC 97,142 1,065,631 Royal Bank of Scotland Group (The) PLC 45,079 1,758,352 Royal Dutch Shell PLC Class A 36,276 1,278,161 Scottish & Southern Energy PLC 65,073 1,979,138 Scottish Power PLC 184,528 2,701,394 Standard Chartered PLC 36,771 1,073,738 Unilever PLC 58,625 1,638,457 Vodafone Group PLC 456,074 1,263,037 ------------ Total United Kingdom 39,258,541 ------------ TOTAL COMMON STOCKS (Cost: $138,830,587) 152,049,021 ------------ SHORT-TERM INVESTMENT--0.5% MONEY MARKET FUND--0.5% United States--0.5% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $749,363) 749,363 749,363 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED-- 1.3% MONEY MARKET FUNDS(c)-- 1.3% AIM Liquid Assets Portfolio, 5.21% 10,125 10,125 AIM Prime Portfolio, 5.21% 81,487 81,487 UBS Enhanced Yield Portfolio, 5.23% 514,137 514,137 UBS Private Money Market Fund LLC, 5.21% 1,311,751 1,311,751 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $1,917,500) (d) 1,917,500 ------------ TOTAL INVESTMENTS IN SECURITIES --101.6% (Cost: $141,497,450) (e) 154,715,884 Liabilities in Excess of Foreign Cash and Other Assets --(1.6)% (2,374,302) ------------ NET ASSETS--100.0% $152,341,582 ============ (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $1,820,441 and the total market value of the collateral held by the Fund was $1,917,500. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 3 WisdomTree International Dividend Top 100 Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 46.9% Communications 19.6% Utilities 15.7% Consumer Non-Cyclical 6.4% Energy 3.9% Industrial 3.5% Consumer Cyclical 2.0% Basic Materials 1.8% Short-Term Investment 0.5% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS-100.0% Australia--12.1% Alumina Ltd. 29,491 $ 147,372 Amcor Ltd. 30,714 175,514 Aristocrat Leisure Ltd. 13,051 163,560 Australian Stock Exchange Ltd. 5,561 167,218 AXA Asia Pacific Holdings Ltd. 29,419 169,041 BlueScope Steel Ltd. 37,517 254,901 Brambles Industries Ltd.* 26,334 266,305 Caltex Australia Ltd. 8,530 154,637 Coca-Cola Amatil Ltd. 31,115 190,313 Coles Myer Ltd. 37,580 414,688 Computershare Ltd. 21,102 148,030 CSL Ltd. 3,238 166,837 Foster's Group Ltd. 67,444 367,862 Harvey Norman Holdings Ltd. 44,006 131,805 Insurance Australia Group Ltd. 75,342 377,092 John Fairfax Holdings Ltd. 45,648 173,782 Leighton Holdings Ltd. 8,376 133,492 Lend Lease Corp. Ltd. 15,457 224,658 Lion Nathan Ltd. 22,528 144,894 Newcrest Mining Ltd. 8,759 181,916 Orica Ltd. 7,968 152,613 Origin Energy Ltd. (a) 25,244 164,550 Promina Group Ltd. 38,358 209,218 Publishing & Broadcasting Ltd. 17,787 299,321 Qantas Airways Ltd. 111,524 458,855 Santos Ltd. 18,259 142,046 Sonic Healthcare Ltd. 2,609 30,599 Suncorp-Metway Ltd. (a) 24,070 386,080 TABCORP Holdings Ltd. 26,278 349,002 Wesfarmers Ltd. 18,924 559,944 ------------ Total Australia 6,906,145 ------------ Austria--0.7% BOEHLER-UDDEHOLM AG 859 60,147 Oesterreichische Elektrizitatswirtschafts AG Class A 1,205 64,226 UNIQA Versicherungen AG 949 31,398 voestalpine AG 1,340 75,574 Wiener Staedtische AG 760 53,316 Wienerberger AG 1,448 85,923 ------------ Total Austria 370,584 ------------ Belgium--1.9% Ackermans & van Haaren N.V. 261 21,683 Agfa-Gevaert N.V. 2,613 66,707 Almancora SCA 1,088 154,947 Bekaert S.A. 324 40,460 Delhaize Group 1,313 109,337 Groep Colruyt S.A. 472 100,705 Mobistar S.A. 1,588 135,378 Solvay S.A. 1,781 272,898 UCB S.A. 2,022 138,515 Umicore 270 45,929 ------------ Total Belgium 1,086,559 ------------ Denmark--0.5% Carlsberg A/S Class B 350 34,733 Codan A/S 425 41,274 Coloplast A/S Class B 200 18,079 Danisco A/S 450 38,289 DSV A/S 25 4,564 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- GN Store Nord A/S 1,400 $ 20,679 H. Lundbeck A/S 2,400 66,123 Novozymes A/S Class B 350 30,090 Sydbank A/S 650 31,045 ------------ Total Denmark 284,876 ------------ Finland--3.0% Elisa Oyj Class A 4,599 125,838 Kesko Oyj Class B 1,840 97,101 Metso Oyj 1,840 92,782 OKO Bank PLC Class A 5,525 92,526 Outokumpu Oyj 3,683 144,046 Rautaruukki Oyj 5,525 219,659 Sampo Oyj Class A 13,814 369,417 Sanoma-WSOY Oyj 4,781 134,600 Stora Enso Oyj Class R 15,664 247,864 TietoEnator Oyj 1,840 59,299 Wartsila Oyj Class B 1,457 78,407 YIT Oyj 2,303 63,622 ------------ Total Finland 1,725,161 ------------ France--8.1% Air France-KLM 3,964 166,693 Bail Investissement 1,250 121,398 Capgemini S.A. 1,579 99,006 Casino Guichard Perrachon S.A. 2,856 265,131 Cie Generale d'Optique Essilor International S.A. 1,059 113,741 Ciments Francais 526 100,920 Clarins 1,241 93,850 Compagnie Generale des Etablissements Michelin Class B 3,229 308,699 Dassault Systemes S.A. 1,642 87,042 EIFFAGE 1,124 106,790 Eramet 625 100,053 Euler Hermes S.A. 796 115,041 Eurazeo 841 119,992 Gecina S.A. 2,022 386,615 Hermes International 985 123,068 Imerys S.A. 1,403 124,695 Klepierre 1,205 227,223 M6, Metropole Television 4,500 160,572 PagesJaunes Groupe S.A. 12,071 239,876 Publicis Groupe 2,096 88,306 SCOR 35,697 105,441 Societe Des Autoroutes Paris-Rhin-Rhone 1,385 110,493 Societe Television Francaise 1 4,563 169,138 Sodexho Alliance S.A. 2,883 180,693 Technip S.A. 1,977 135,563 Thales S.A. 3,764 187,517 Thomson 4,518 88,233 Unibail 1,169 285,332 Valeo S.A. 2,231 92,758 Wendel Investissement 733 108,836 ------------ Total France 4,612,715 ------------ Germany--3.7% ALTANA AG 2,186 135,481 AMB Generali Holding AG 688 99,342 Celesio AG 1,956 104,822 Deutsche Lufthansa AG 10,702 294,239 Fraport AG Frankfurt Airport Services Worldwide 814 57,984 Fresenius AG 261 52,214 Fresenius Medical Care AG & Co. KGaA 868 115,569 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Heidelberger Druckmaschinen AG 994 $ 47,029 Henkel KGaA 859 111,233 Hochtief AG 823 59,906 Hypo Real Estate Holding AG 1,750 110,167 IKB Deutsche Industriebank AG 1,570 61,135 IVG Immobilien AG 1,403 60,201 K+S AG 733 79,452 Linde AG 1,642 169,450 MAN AG 1,597 144,169 Merck KGaA 445 46,087 Puma AG Rudolf Dassler Sport 117 45,617 Rheinmetall AG 625 47,373 Salzgitter AG 535 69,878 Stada Arzneimittel AG 923 52,884 Sudzucker AG 3,429 82,882 United Internet AG 3,121 51,567 ------------ Total Germany 2,098,681 ------------ Hong Kong--5.7% Bank of East Asia Ltd. 42,567 241,098 Cathay Pacific Airways Ltd. 108,000 266,346 China Merchants Holdings (International) Co., Ltd. 32,321 132,571 China Overseas Land & Investment Ltd. 72,636 97,505 China Resources Enterprise, Ltd. 22,162 63,688 China Resources Power Holdings Co. 36,321 54,828 CITIC Pacific Ltd. 63,562 219,441 Denway Motors Ltd. 127,129 51,491 Guangdong Investment Ltd. 90,808 40,983 Hang Lung Group Ltd. 27,241 82,838 Hang Lung Properties Ltd. 81,724 204,908 Henderson Investment Ltd. 36,321 67,063 Henderson Land Development Co., Ltd. 27,241 152,365 Hong Kong Exchanges and Clearing Ltd. 18,162 199,666 Hongkong Electric Holdings Ltd. 70,520 345,471 Hopewell Holdings Ltd. 18,162 63,753 Hysan Development Co., Ltd. 18,162 47,523 Lenovo Group Ltd. 108,961 44,272 New World Development Ltd. 54,483 109,705 PCCW Ltd. 136,202 82,836 Sino Land Co. 36,321 84,810 Swire Pacific Ltd. Class A 18,162 195,112 Swire Pacific Ltd. Class B 45,399 92,698 Television Broadcasts Ltd. 9,084 55,481 Wharf Holdings Ltd. 36,321 134,267 Wheelock & Co., Ltd. 27,241 51,769 Wing Hang Bank Ltd. 4,537 53,378 ------------ Total Hong Kong 3,235,866 ------------ Ireland--0.8% C&C Group PLC 4,509 80,268 DEPFA BANK PLC 4,308 76,974 IAWS Group PLC 715 18,216 Independent News & Media PLC 20,351 80,776 Irish Life & Permanent PLC 5,241 145,132 Kerry Group PLC Class A 949 23,689 Kingspan Group PLC 886 23,483 ------------ Total Ireland 448,538 ------------ Italy--7.4% ACEA SpA 5,770 110,553 AEM SpA 35,790 119,520 Alleanza Assicurazioni SpA 20,423 272,270 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree International MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- ASM SpA 18,745 $ 102,518 Autogrill SpA 5,107 93,809 Banca Carige SpA 16,969 80,722 Banca CR Firenze SpA 28,048 94,313 Banca Fideuram SpA (a) 33,030 217,557 Banca Lombarda e Piemontese SpA 6,305 142,919 Banca Popolare dell'Emilia Romagna S.c.r.l. 3,973 97,445 Banca Popolare di Milano S.c.r.l. 6,496 112,642 Banca Popolare di Sondrio S.c.r.l. 4,745 90,852 Banca Popolare di Verona e Novara S.c.r.l. 5,511 158,059 Banca Popolare Italiana S.c.r.l. 18,765 267,488 Banche Popolari Unite S.c.r.l. 7,279 199,840 Bulgari SpA 7,252 102,801 CIR-Compagnie Industriali Riunite SpA 27,638 91,568 Finmeccanica SpA 4,063 109,993 Fondiaria-SAI SpA 2,730 130,461 Geox SpA 7,149 110,768 Hera SpA (a) 24,180 104,902 Ifil Investments SpA 14,149 115,677 Italcementi SpA 3,400 95,811 Mediolanum SpA 11,664 94,976 Milano Assicurazioni SpA 13,342 108,639 Pirelli & C. SpA 45,978 45,745 RCS MediaGroup SpA 14,648 73,544 Saipem SpA 3,665 95,401 Snam Rete Gas SpA 69,722 395,108 Terna SpA 73,156 247,680 Unipol SpA 43,570 156,848 ------------ Total Italy 4,240,429 ------------ Japan--11.5% Advantest Corp. 3,600 206,051 Aisin Seiki Co., Ltd. 4,500 150,686 Ajinomoto Co., Inc. 9,000 118,812 All Nippon Airways Co., Ltd. 36,000 127,196 Asahi Breweries Ltd. 9,900 158,277 Asahi Kasei Corp. 27,000 176,518 Bank of Yokohama Ltd. (The) 12,000 93,861 Chiba Bank Ltd. (The) 17,000 143,527 Chugoku Electric Power Co., Inc. (The) 7,200 159,523 Credit Saison Co., Ltd. 2,700 92,904 Daikin Industries Ltd. 4,500 156,351 Daiwa House Industry Co., Ltd. 9,000 156,351 Electric Power Development Co. 3,600 158,315 Fast Retailing Co., Ltd. 1,800 171,608 Ibiden Co., Ltd. 2,700 135,957 JS Group Corp. 7,200 151,366 JSR Corp. 5,400 139,583 Kobe Steel Ltd. 45,000 154,085 Marubeni Corp. 27,000 136,864 Matsushita Electric Works Ltd. 9,000 104,158 Mazda Motor Corp. 27,000 184,222 Mitsubishi UFJ Securities Co. 9,000 99,853 Mitsui O.S.K. Lines Ltd. 18,000 177,349 Mitsui Trust Holdings, Inc. 9,000 103,177 Nikon Corp. 6,000 131,425 Nippon Mining Holdings, Inc. 18,000 129,311 Nippon Oil Corp. 18,000 120,247 Nippon Yusen K.K. 18,000 131,425 OJI Paper Co., Ltd. 27,000 143,208 Olympus Corp. 2,000 62,775 Oracle Corp. Japan 2,000 92,485 Osaka Gas Co., Ltd. 45,000 167,303 Sekisui House, Ltd. 9,000 130,897 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree International MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Shinsei Bank, Ltd. 18,000 $ 105,745 Shiseido Co., Ltd. 9,000 194,872 Shizuoka Bank Ltd. (The) 9,000 89,203 SUMCO Corp. 1,200 101,313 Sumitomo Metal Mining Co., Ltd. 9,000 115,337 Takefuji Corp. 2,250 88,939 Teijin Ltd. 18,000 110,730 Terumo Corp. 3,500 137,468 Tokyu Corp. 27,000 172,666 TonenGeneral Sekiyu K.K. 16,000 158,315 Toppan Printing Co., Ltd. 9,000 99,249 Toyota Tsusho Corp. 6,300 168,663 UFJ NICOS Co., Ltd. 9,000 34,594 Yamada Denki Co., Ltd. 1,800 152,574 Yamaha Motor Co., Ltd. 5,400 169,494 Yamato Holdings Co., Ltd. 9,000 138,223 ------------ Total Japan 6,603,055 ------------ Netherlands--3.2% Buhrmann N.V. 2,231 33,126 Corio N.V. 2,294 187,247 CSM N.V. 1,732 66,621 Euronext N.V. 904 106,689 Fugro N.V. 823 39,286 Heineken Holding N.V. 2,258 91,707 Hunter Douglas N.V. 652 52,359 Koninklijke BAM Groep N.V. 1,876 36,340 Koninklijke DSM N.V. 3,863 190,666 Koninklijke Vopak N.V. 904 42,425 Mittal Steel Co. N.V. 2,141 90,259 Randstad Holding N.V. 1,050 72,552 Reed Elsevier N.V. 15,201 258,979 Rodamco Europe N.V. 2,530 336,288 SBM Offshore N.V. 1,403 48,194 Vedior N.V. 1,678 34,761 Wolters Kluwer N.V. 5,853 168,177 ------------ Total Netherlands 1,855,676 ------------ New Zealand--1.3% Contact Energy Ltd. 13,904 81,567 Fletcher Building Ltd. 17,135 133,505 Telecom Corp. of New Zealand Ltd. 153,808 527,066 ------------ Total New Zealand 742,138 ------------ Norway--1.1% Aker ASA Class A 1,085 69,878 Norske Skogindustrier ASA 7,264 125,415 Orkla ASA 3,266 185,164 Storebrand ASA 10,389 132,316 Wilh. Wilhelmsen ASA Class A 455 17,356 Yara International ASA 5,447 124,007 ------------ Total Norway 654,136 ------------ Portugal--1.5% Banco BPI, S.A. 10,130 78,945 Banco Comercial Portugues S.A. Class R 77,517 286,210 Banco Espirito Santo, S.A. 10,639 191,077 Brisa-Auto-estradas de Portugal S.A. 11,354 141,485 CIMPOR - Cimentos de Portugal, SGPS, S.A. 14,621 121,271 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree International MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Sonae SGPS, S.A. 25,163 $ 50,104 ------------ Total Portugal 869,092 ------------ Singapore--1.8% City Developments Ltd. 9,000 74,496 Fraser and Neave Ltd. 26,402 77,435 Great Eastern Holdings Ltd. 10,000 110,800 Keppel Corp. Ltd. 9,000 103,239 SembCorp Industries Ltd. 25,000 62,569 SembCorp Marine Ltd. 27,000 59,832 Singapore Airlines Ltd. 27,000 307,958 Singapore Press Holdings Ltd. 36,000 100,424 Singapore Technologies Engineering Ltd. 27,000 54,201 StarHub Ltd. 45,714 78,360 ------------ Total Singapore 1,029,314 ------------ Spain--4.2% Acciona, S.A. 598 111,265 Acerinox S.A. 3,310 100,607 Antena 3 de Television, S.A. (a) 6,011 141,407 Banco Sabadell S.A. 4,790 214,187 Bankinter S.A. 1,151 90,459 Cintra, Concesiones de Infraestructuras de Transporte, S.A. 3,501 58,631 Corporacion Mapfre S.A. 15,564 70,190 Ebro Puleva S.A. 2,321 58,763 Enagas 3,337 77,534 Fadesa Inmobiliaria S.A. 1,403 65,030 Fomento de Construcciones y Contratas S.A. 1,977 201,258 Gamesa Corp. Tecnologica S.A. 2,276 62,576 Gestevision Telecinco S.A. 10,045 285,845 Iberia Lineas Aereas de Espana 15,510 56,448 Inmobiliaria Colonial S.A. 1,085 93,785 Inmobiliaria Urbis S.A. 1,295 45,885 Metrovacesa, S.A. (a) 1,041 176,394 Promotora de Informaciones S.A. 2,775 48,339 Red Electrica de Espana, S.A. 2,060 88,256 Sacyr Vallehermoso, S.A. (a) 3,002 178,137 Sociedad General de Aguas de Barcelona S.A. Class A 1,804 66,013 Zardoya-Otis S.A. 4,202 127,331 ------------ Total Spain 2,418,340 ------------ Sweden--5.2% AB Industrivarden Class A 2,721 108,156 AB Volvo Class A 4,537 322,224 Alfa Laval AB 1,816 82,003 Assa Abloy AB Class B 5,447 118,603 Atlas Copco AB Class B 3,631 117,797 Electrolux AB Series B* 7,264 145,429 Getinge AB Class B 5,800 130,104 Hexagon AB Class B 1,816 77,624 Holmen AB Class B 1,816 79,083 Investment AB Kinnevik Class B 3,631 61,021 Investor AB Class A 5,447 132,135 Investor AB Class B 7,264 178,336 Scania AB Class A (a) 3,021 216,543 Scania AB Class B 2,721 191,261 Securitas AB Class B 5,447 84,575 Skanska AB Class B 10,895 214,939 SKF AB Class B 9,084 167,927 SSAB Svenskt Stal AB Series A 3,116 73,995 Svenska Cellulosa Aktiebolaget SCA Class B 4,537 237,027 Swedish Match AB 3,631 67,919 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree International MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Tele2 AB Class B 5,447 $ 79,600 Telefonaktiebolaget LM Ericsson Class A 18,162 73,253 ------------ Total Sweden 2,959,554 ------------ Switzerland--2.1% Baloise Holding AG 877 87,506 Ciba Specialty Chemicals Holding Inc. 1,867 123,962 EMS-Chemie Holding AG 490 58,847 Givaudan S.A. 81 74,849 Julius Baer Holding Ltd. 643 70,689 Kuehne + Nagel International AG 976 70,879 Lonza Group AG 508 43,821 Nobel Biocare Holding AG 189 55,777 Panalpina Welttransport (Holding) AG 261 35,536 Pargesa Holding S.A. 913 103,813 Phonak Holding AG 369 29,322 Schindler Holding AG 652 40,593 Schindler Holding AG Participating Shares 463 29,073 Serono S.A. 81 72,593 SGS S.A. 152 169,096 Straumann Holding AG 81 19,575 Swatch Group Ltd. (The) 724 32,324 Swatch Group Ltd. (The) Class B 180 39,703 Vontobel Holding AG 1,430 61,736 ------------ Total Switzerland 1,219,694 ------------ United Kingdom--24.2% 3I Group PLC 13,413 265,006 Alliance & Leicester PLC 14,704 327,493 AMVESCAP PLC 28,300 330,109 Antofagasta PLC 35,763 356,268 Boots Group PLC 38,244 626,861 Cable & Wireless PLC 129,126 398,664 Capita Group PLC (The) 30,179 358,524 Carnival PLC 6,379 323,103 Carphone Warehouse Group PLC (The) 40,683 250,015 Compass Group PLC 64,802 367,799 DSG International PLC 69,859 261,828 Enterprise Inns PLC 14,376 380,680 Friends Provident PLC 77,658 329,815 Gallaher Group PLC 17,843 400,373 Hammerson PLC 12,053 372,007 Hanson PLC 21,214 319,904 Hays PLC 84,365 262,946 Imperial Chemical Industries PLC 39,095 345,848 Intercontinental Hotels Group PLC 12,460 307,752 ITV PLC 128,192 267,199 J. Sainsbury PLC 42,117 337,342 Kelda Group PLC 17,625 319,422 Kingfisher PLC 77,311 360,873 Liberty International PLC 13,141 359,036 Next PLC 8,197 288,770 Northern Rock PLC 13,634 314,335 Pearson PLC 21,475 324,260 Persimmon PLC 12,024 359,110 Punch Taverns PLC 4,007 100,303 Rentokil Initial PLC 92,816 301,093 Resolution PLC 19,058 239,275 Reuters Group PLC 36,217 315,603 Royal & Sun Alliance Insurance Group PLC 102,733 306,622 Sage Group PLC (The) 45,439 241,004 Scottish & Newcastle PLC 29,518 323,230 Severn Trent PLC 7,416 213,359 See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree International MidCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Smith & Nephew PLC 31,740 $ 331,099 Smiths Group PLC 15,655 303,788 United Utilities PLC 43,179 659,160 Whitbread & Co. PLC 10,900 357,327 Wm Morrison Supermarkets PLC 67,536 336,393 Yell Group PLC 26,305 293,452 ------------ Total United Kingdom 13,837,050 ------------ TOTAL COMMON STOCKS (Cost: $50,061,907) 57,197,603 ------------ SHORT-TERM INVESTMENT--0.5% MONEY MARKET FUND--0.5% United States--0.5% Columbia Cash Reserves Fund, 4.92% (b) (Cost: $296,737) 296,737 296,737 ------------ INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--1.6% MONEY MARKET FUNDS (c)-1.6% AIM Liquid Assets Portfolio, 5.21% 1,114 1,114 AIM Prime Portfolio, 5.21% 84 84 UBS Enhanced Yield Portfolio, 5.23% 607,384 607,384 UBS Private Money Market Fund LLC, 5.21% 299,287 299,287 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $907,869) (d) 907,869 ------------ TOTAL INVESTMENTS IN SECURITIES --102.1% (Cost: $51,266,513) (e) 58,402,209 Liabilities in Excess of Foreign Cash and Other Assets--(2.1)% (1,186,061) ------------ NET ASSETS--100.0% $ 57,216,148 ============ * Non-income producing security. (a) Security, or portion thereof, was on loan at December 31, 2006. (b) Rate shown represents annualized 7-day yield as of December 31, 2006. (c) Interest rates shown reflect yields as of December 31, 2006. (d) At December 31, 2006, the total market value of the Fund's securities on loan was $863,229 and the total market value of the collateral held by the Fund was $907,869. (e) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 8 WisdomTree International MidCap Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Financial 25.4% Consumer Cyclical 17.9% Consumer Non-Cyclical 14.0% Industrial 13.0% Communications 9.3% Basic Materials 8.1% Utilities 6.2% Diversified 2.5% Energy 2.1% Technology 1.5% Short-Term Investment 0.5% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.6% Australia--17.7% A.B.C. Learning Centres Ltd. (a) 48,939 $ 324,019 ABB Grain Ltd. 45,038 239,263 Adelaide Bank Ltd. (a) 26,646 261,269 Adelaide Brighton Ltd. 131,732 291,765 Alinta Ltd. 107,741 1,003,772 Allco Finance Group Ltd. (a) 35,886 363,749 Ansell Ltd. 34,742 308,066 Australian Pipeline Trust 79,604 263,524 APN News & Media Ltd. (a) 90,237 430,305 Austereo Group Ltd. 201,846 338,872 AWB Ltd. (a) 130,782 317,494 Bank of Queensland Ltd. 24,633 302,303 Baycorp Advantage Ltd. 103,155 213,837 Bendigo Bank Ltd. (a) 27,069 297,207 Boom Logistics Ltd. 75,945 245,425 Challenger Financial Services Group Ltd. 100,919 327,723 City Pacific Ltd. (a) 49,813 174,719 Coates Hire Ltd. 54,668 252,072 Corporate Express Australia Ltd. (a) 53,785 254,360 Crane Group Ltd. (a) 26,219 274,442 David Jones Ltd. 116,059 381,462 Downer EDI Ltd. 42,207 232,540 Energy Resources of Australia Ltd. 27,775 455,358 Flight Centre Ltd. (a) 33,133 440,306 Futuris Corp., Ltd. 150,442 233,599 Galileo Shopping America Trust 289,713 280,873 Great Southern Plantations Ltd. (a) 87,724 194,986 Gunns Ltd. 113,908 265,755 GWA International Ltd. 104,797 312,232 Hills Industries Ltd. (a) 71,309 315,876 Iluka Resources Ltd. 50,437 264,367 Iress Market Technology Ltd. 57,536 318,356 JB Hi-Fi Ltd. 52,262 269,813 Jubilee Mines NL (a) 24,133 299,781 Just Group Ltd. (a) 95,352 278,079 MacArthur Coal Ltd. 47,839 207,387 MFS Ltd. (a) 79,213 288,453 Minara Resources Ltd. 76,610 353,246 Nufarm Ltd. (a) 32,137 262,169 OneSteel Ltd. (a) 105,818 390,339 Pacific Brands Ltd. 180,421 371,162 PaperlinX Ltd. 105,132 325,659 Peet & Co., Ltd. 82,008 250,798 Primary Health Care Ltd. 28,296 296,629 Ramsay Health Care Ltd. 33,295 297,859 Rural Press Ltd. 30,898 321,470 Seek Ltd. (a) 74,520 345,371 Seven Network Ltd. (a) 39,546 353,158 Sigma Pharmaceuticals Ltd. (a) 132,024 311,143 Sims Group Ltd. (a) 33,740 537,727 Smorgon Steel Group Ltd. 285,803 419,001 Southern Cross Broadcasting Australia Ltd. (a) 29,636 373,278 Spotless Group Ltd. (a) 67,762 247,822 STW Communications Group Ltd. (a) 113,100 291,505 Sunland Group Ltd. 147,743 420,388 Symbion Health Ltd. 108,258 324,250 Ten Network Holdings Ltd. 138,908 360,213 Timbercorp Ltd. 83,876 198,333 Tishman Speyer Office Fund 144,493 283,584 Transfield Services Ltd. (a) 43,429 328,273 United Group Ltd. 24,923 274,038 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Washington H. Soul Pattinson & Co., Ltd. 6,128 $ 42,312 West Australian Newspapers Holdings Ltd. (a) 55,702 512,802 ------------ Total Australia 20,015,938 ------------ Austria--0.5% Andritz AG 715 154,908 AT&S Austria Technologie & Systemtechnik AG 1,676 50,279 Flughafen Wien AG 2,478 243,111 Schoeller-Bleckmann Oilfield Equipment AG 571 26,173 Semperit AG Holding 2,194 81,355 ------------ Total Austria 555,826 ------------ Belgium--2.0% Barco N.V. 1,284 116,827 Compagnie Maritime Belge S.A. 18,585 799,176 Cumerio N.V. 3,264 78,334 Econocom Group S.A./N.V. 6,981 61,309 Euronav N.V. 15,202 453,844 EVS Broadcast Equipment S.A. 1,377 79,531 GIMV N.V. 5,498 343,792 Melexis N.V. 5,663 103,052 Omega Pharma S.A. 769 57,953 Tessenderlo Chemie N.V. 4,483 190,942 ------------ Total Belgium 2,284,760 ------------ Bermuda--0.3% Hiscox Ltd. 72,655 398,506 ------------ Denmark--1.2% A/S Dampskibsselskabet TORM 11,722 767,213 Amagerbanken A/S 450 29,771 Auriga Industries A/S Class B (a) 1,802 50,524 Bang & Olufsen A/S Class B 850 109,462 FLSmidth & Co. A/S 2,707 171,908 NKT Holding A/S 1,802 159,222 Spar Nord Bank A/S 3,357 81,058 ------------ Total Denmark 1,369,158 ------------ Finland--3.3% Amer Sports Oyj 7,403 162,830 Citycon Oyj 18,549 123,521 Finnair Oyj 7,403 121,146 Finnlines Oyj 5,555 125,992 Fiskars Oyj Abp Class A 8,345 135,241 HK Ruokatalo Oyj Class A 4,637 88,661 Huhtamaki Oyj 10,215 200,434 KCI Konecranes Oyj 5,555 163,350 Kemira GrowHow Oyj 16,704 149,562 Kemira Oyj 12,991 291,734 Lassila & Tikanoja Oyj 3,705 105,822 M-real Oyj Class B 29,692 187,545 Nokian Renkaat Oyj 9,270 189,715 Perlos Oyj 9,268 42,897 Poyry Oyj 9,268 144,211 Rakentajain Konevuokraam Class B 5,555 138,444 Ramirent Oyj 1,839 108,640 Rapala VMC Oyj 11,139 90,922 Sponda Oyj 18,549 293,516 Stockmann Oyj Abp Class B 3,705 178,227 Technopolis PLC 11,139 113,101 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Uponor Corp. 11,139 $ 416,564 Vaisala Oyj Class A 2,783 121,360 ------------ Total Finland 3,693,435 ------------ France--2.1% Acanthe Developpement S.A. 25,220 120,388 Alain Afflelou S.A. 1,521 74,210 April Group 1,413 67,804 Bacou-Dalloz S.A. 553 73,942 Canal Plus S.A. (a) 17,495 172,101 CFF RECYCLING 1,766 70,794 FONCIA Groupe S.A. 1,485 72,453 Generale de Sante 2,765 113,028 Groupe Steria SCA 1,194 71,560 Haulotte Group 2,428 64,674 Havas S.A. 38,030 210,623 Ingenico S.A. 2,891 74,148 Kaufman & Broad S.A. 1,467 91,577 Manitou BF S.A. 3,592 179,991 Mercialys 2,266 90,239 Nexans S.A. 1,821 232,922 Provimi S.A. 949 40,670 Rallye S.A. 8,509 460,373 Trigano S.A. 1,230 63,726 Viel et Compagnie 11,762 73,672 ------------ Total France 2,418,895 ------------ Germany--2.6% AWD Holding AG 6,262 264,402 BayWa AG 2,639 84,492 Comdirect Bank AG (a) 14,407 175,350 DAB Bank AG 8,085 74,629 Deutsche Euroshop AG 2,266 167,810 Douglas Holding AG 3,905 201,699 ElringKlinger AG 1,413 90,405 Gerry Weber International AG 3,305 76,921 H&R WASAG AG 1,316 66,603 IDS Scheer AG 3,536 71,946 Indus Holding AG 2,765 107,924 Kloeckner-Werke AG 14,774 216,247 Krones AG 553 84,472 Leoni AG 2,086 85,052 Medion AG (a) 5,407 57,539 MPC Munchmeyer Petersen Capital AG 2,603 229,322 MVV Energie AG 6,424 220,246 Norddeutsche Affinerie AG (a) 6,589 184,633 Sixt AG (a) 1,395 78,161 Software AG 1,947 153,377 Takkt AG 4,447 77,112 Vossloh AG 1,638 123,420 ------------ Total Germany 2,891,762 ------------ Hong Kong--3.5% Beijing Enterprises Holdings Ltd. 42,074 89,912 China National Aviation Co., Ltd. 108,222 38,684 China Power International Development Ltd. 306,622 168,347 China Travel International Investment Hong Kong Ltd. 783,533 255,897 CITIC International Financial Holdings Ltd. (a) 499,986 448,732 Cross-Harbour Holdings Ltd. 90,189 77,233 Dah Sing Banking Group Ltd. 50,503 114,029 Dah Sing Financial Holdings Ltd. 7,210 65,312 Fountain Set (Holdings) Ltd. 180,364 50,325 Fubon Bank Ltd. 216,432 99,071 Guangzhou Investment Co., Ltd. (a) 288,585 81,263 Hong Kong Aircraft Engineering Co. Ltd. 14,429 196,660 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Hongkong & Shanghai Hotels Ltd. (The) 72,142 $ 121,887 Hung Hing Printing Group Ltd. 144,290 81,261 i-CABLE Communications Ltd. 337,654 79,016 Industrial & Commercial Bank of China Ltd. 193,364 372,942 Kowloon Development Co., Ltd. 72,142 128,009 Liu Chong Hing Bank Ltd. 54,110 120,503 Liu Chong Hing Investment 68,000 80,003 Oriental Press Group Ltd. (a) 505,017 91,559 Shanghai Industrial Holdings Ltd. 126,248 268,818 Shaw Brothers (Hong Kong) Ltd. 54,110 93,648 Shenzhen Investment Ltd. 180,364 75,140 Silver Grant International Industries Ltd. 144,290 38,033 Singamas Container Holdings Ltd. (a) 72,142 32,930 Sun Hung Kai & Co., Ltd. 90,189 90,917 Tianjin Development Holdings Ltd. 84,074 59,673 Vitasoy International Holdings Ltd. 180,364 69,806 Wheelock Properties Ltd. 90,189 83,263 Wing Lung Bank Ltd. 30,666 321,358 ------------ Total Hong Kong 3,894,231 ------------ Ireland--0.8% Abbey PLC 3,408 49,024 DCC PLC 5,979 202,309 FBD Holdings PLC 2,122 115,565 Fyffes PLC 65,146 152,911 Glanbia PLC 26,076 104,359 Greencore Group PLC 23,526 142,704 McInerney Holdings PLC 2,349 44,870 United Drug PLC 11,546 59,713 ------------ Total Ireland 871,455 ------------ Italy--3.3% Aedes SPA 14,221 115,141 AEM Torino SpA 36,988 120,472 Astaldi SpA 15,368 114,599 Autostrada Torino-Milano SpA 11,157 251,137 Azimut Holding SpA 9,306 124,432 Banca Intermobiliare SpA (a) 16,388 180,660 Banca Piccolo Credito Valtellinese Scarl 11,816 190,402 Banca Popolare dell'Etruria e del Lazio 5,183 106,756 Banca Popolare di Intra 5,889 108,562 Banco di Desio e della Brianza SpA 11,672 130,749 Beni Stabili SpA 140,290 223,657 Brembo SpA 9,232 112,607 Caltagirone Editore SpA 12,928 107,655 Caltagirone SpA 8,491 88,790 Cam Finanziara SpA 41,288 78,400 Cementir SpA 14,095 126,294 COFIDE - Compagnia Finanziaria De Benedeth SpA 70,512 102,651 Cremonini SpA 54,520 172,723 Gewiss SpA 11,762 89,958 IMMSI SpA (a) 28,064 78,824 Indesit Co. SpA 14,056 228,721 Interpump Group SpA 11,045 99,840 Premafin Finanziaria SpA Holding Di Partecipazioni 36,109 117,609 Recordati SpA 15,809 121,223 Risanamento SpA 14,756 159,556 Societa Iniziative Autostradali e Servizi SpA 17,830 264,975 SOGEFI SpA 14,275 110,684 ------------ Total Italy 3,727,077 ------------ Japan--15.7% ABC-Mart, Inc. 5,400 133,691 ADEKA Corp. 9,000 94,113 Aichi Steel Corp. (a) 18,000 109,068 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Air Water, Inc. (a) 18,000 $ 190,945 AOC Holdings, Inc. 7,200 117,890 Asatsu-DK, Inc. 3,600 114,204 Awa Bank Ltd. (The) 18,000 96,228 Bank of Nagoya Ltd. (The) 2,000 12,253 Calsonic Kansei Corp. 18,000 105,140 Central Glass Co., Ltd. 18,000 103,025 Circle K Sunkus Co. Ltd. 5,400 95,850 Coca-Cola West Japan Co., Ltd. 5,400 124,854 COMSYS Holdings Corp. 18,000 199,102 Daifuku Co., Ltd. 9,000 142,680 Daio Paper Corp. (a) 18,000 142,302 Daishi Bank Ltd. (The) 18,000 71,000 Diamond City Co., Ltd. 3,600 161,638 Disco Corp. 1,800 126,440 Don Quijote Co., Ltd. 5,400 103,101 Ebara Corp. (a) 36,000 137,770 Exedy Corp. 3,600 110,881 Ezaki Glico Co., Ltd. 18,000 185,808 FCC Co., Ltd. 4,300 103,571 Fuji Fire & Marine Insurance Co., Ltd. (The) 36,000 134,145 Futaba Corp. 3,600 84,143 Futaba Industrial Co., Ltd. 5,400 131,652 Gigas K's Denki Corp. 3,600 105,442 Goldcrest Co., Ltd. 2,160 111,304 Goodwill Group, Inc. (The) 144 117,225 Gunze Ltd. 18,000 90,336 Hankyu Department Stores, Inc. 18,000 149,855 Heiwa Corp. 7,200 91,001 Higo Bank Ltd. (The) 18,000 120,700 Hitachi Cable Ltd. 18,000 100,911 Hitachi Koki Co., Ltd. 5,000 70,916 Hitachi Maxell Ltd. 9,000 134,069 Hitachi Transport System Ltd. 10,800 112,845 Hokkoku Bank Ltd. (The) 18,000 71,453 HORIBA, Ltd. 3,600 132,936 House Foods Corp. 7,200 118,555 Hyakugo Bank Ltd. (The) 18,000 113,147 Hyakujushi Bank Ltd. (The) 18,000 110,125 JACCS Co., Ltd. 18,000 111,183 Japan Aviation Electronics Industry, Ltd. 5,000 70,790 Kagome Co., Ltd. 8,400 117,518 Kagoshima Bank Ltd. (The) 18,000 130,066 Kandenko Co., Ltd. 18,000 104,536 Katokichi Co., Ltd. 12,600 101,938 Keihin Corp. 5,400 135,731 Keisei Electric Railway Co., Ltd. 18,000 102,270 Keiyo Bank Ltd. (The) 18,000 99,098 Kobayashi Pharmaceutical Co., Ltd. 3,600 134,145 Koei Co., Ltd. (a) 5,400 91,318 Komeri Co., Ltd. 3,600 105,140 Komori Corp. 4,000 74,693 Kose Corp. 3,600 108,766 Kyowa Exeo Corp. 18,000 183,694 Lintec Corp. 3,600 70,849 Lion Corp. (a) 21,000 106,273 Makino Milling Machine Co., Ltd. 18,000 213,151 Matsumotokiyoshi Co., Ltd. 4,600 102,111 Meiji Dairies Corp. 18,000 141,547 Meiji Seika Kaisha Ltd. 18,000 85,955 Meitec Corp. (a) 3,600 109,068 Miraca Holdings, Inc. 7,600 174,764 MISUMI Group, Inc. 7,200 137,770 Mitsumi Electric Co., Ltd. 6,600 145,122 Musashino Bank Ltd. (The) 1,800 86,711 Nabtesco Corp. 18,000 225,236 Nachi-Fujikoshi Corp. 18,000 100,004 Nagase & Co., Ltd. 18,000 214,208 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Nichirei Corp. 18,000 $ 100,760 Nihon Unisys, Ltd. 7,200 117,528 Nippon Kayaku Co., Ltd. 18,000 143,511 Nippon Light Metal Co., Ltd. 36,000 92,149 Nippon Paint Co., Ltd. 18,000 94,264 Nippon Suisan Kaisha Ltd. 21,600 126,712 Nipro Corp. 13,000 237,841 Nishimatsuya Chain Co., Ltd. 7,200 135,655 Nishi-Nippon Railroad Co., Ltd. 36,000 132,634 Nissan Diesel Motor Co., Ltd. 18,000 60,123 Nissha Printing Co., Ltd. 3,600 110,881 Nissin Kogyo Co., Ltd. 4,900 125,836 NS Solutions Corp. 3,800 106,836 OBIC Business Consultants Ltd. 1,700 116,420 Obic Co., Ltd. 540 111,621 Ogaki Kyoritsu Bank Ltd. (The) 18,000 77,043 Okamura Corp. 13,000 138,559 Oki Electric Industry Co., Ltd. 54,000 120,096 Okumura Corp. 18,000 88,977 OSG Corp. 7,200 117,830 Pacific Metals Co., Ltd. 18,000 176,291 PanaHome Corp. 18,000 125,685 Paris Miki, Inc. 5,400 97,663 Plenus Co., Ltd. 3,600 74,474 Point, Inc. 1,800 118,132 QP Corp. 12,600 108,811 Rengo Co., Ltd. 18,000 115,111 Rinnai Corp. 3,600 107,557 Ryobi Ltd. 20,000 172,213 Sagami Railway Co., Ltd. 36,000 120,247 Saibu Gas Co., Ltd. 54,000 126,440 San-In Godo Bank Ltd. (The) 18,000 167,077 Sanken Electric Co., Ltd. 18,000 221,913 Sankyu, Inc. (a) 18,000 106,047 Sanwa Shutter Corp. 18,000 106,349 Sanyo Shinpan Finance Co., Ltd. 2,160 53,748 Sanyo Special Steel Co., Ltd. (a) 18,000 122,211 Sapporo Holdings Ltd. 18,000 102,421 Shiga Bank Ltd. (The) 18,000 111,636 Shimachu Co., Ltd. 3,600 104,234 Shimadzu Corp. 18,000 158,466 Shin-Etsu Polymer Co., Ltd. 9,000 125,761 Showa Corp. 7,200 117,165 Sohgo Security Services Co., Ltd. 5,400 108,539 Sumitomo Osaka Cement Co., Ltd. 36,000 117,528 Sumitomo Real Estate Sales Co., Ltd. 1,620 123,041 Sumitomo Warehouse Co., Ltd. (The) 18,000 137,317 Sundrug Co., Ltd. 5,400 119,416 Sysmex Corp. 3,600 140,791 Tadano Ltd. 13,000 152,960 Taiyo Yuden Co., Ltd. 4,000 70,496 Takara Holdings, Inc. 18,000 115,866 Toda Corp. 23,000 97,478 Tokai Carbon Co., Ltd. 18,000 127,800 Tokai Rubber Industries, Inc. 7,200 122,362 Tokai Tokyo Securities Co., Ltd. 18,000 84,747 Tokyo Dome Corp. 18,000 76,589 Tokyo Ohka Kogyo Co., Ltd. 3,600 100,306 Tokyo Style Co., Ltd. 18,000 194,419 Tokyo Tomin Bank Ltd. (The) 3,600 138,072 Topcon Corp. 9,200 182,602 Toppan Forms Co., Ltd. 9,000 125,383 Toshiba Machine Co., Ltd. 18,000 165,264 Toshiba TEC Corp. 18,000 92,602 Toyo Ink Manufacturing Co., Ltd. 18,000 72,662 Toyo Suisan Kaisha Ltd. 5,000 80,022 Toyobo Co., Ltd. 36,000 108,464 Toyota Auto Body Co., Ltd. 7,200 133,540 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Tsubakimoto Chain Co. 18,000 $ 106,500 UFJ Central Leasing Co., Ltd. 1,800 85,502 ULVAC, Inc. 3,600 122,966 Union Tool Co. 1,800 80,970 Xebio Co., Ltd. 3,600 112,996 Yamatake Corp. 5,400 119,869 Yamato Kogyo Co., Ltd. 5,400 136,411 Yamazaki Baking Co., Ltd. 18,000 174,328 Yokohama Rubber Co., Ltd. (The) 29,000 174,747 ------------ Total Japan 17,763,452 ------------ Netherlands--3.1% Aalberts Industries N.V. 1,301 112,369 Arcadis N.V. 1,965 121,007 Binck N.V. 5,498 106,284 Eurocommercial Properties N.V. 6,831 340,581 Heijmans N.V. 3,152 173,155 Imtech N.V. 2,657 168,666 Koninklijke Boskalis Westminster N.V. 2,104 208,083 Koninklijke Wessanen N.V. 14,864 200,904 Macintosh Retail Group N.V. 2,783 93,580 Nieuwe Steen Investments N.V. 8,880 261,827 Nutreco Holding N.V. 1,566 101,991 OCE N.V. (a) 14,738 240,790 Smit Internationale N.V. 2,321 125,025 Stork N.V. 3,152 165,341 Telegraaf Media Groep N.V. 3,795 99,335 Ten Cate N.V. 3,125 95,643 Univar N.V. 2,158 120,769 VastNed Offices 4,447 174,455 VastNed Retail N.V. 2,446 248,357 Wereldhave N.V. 2,981 396,628 ------------ Total Netherlands 3,554,790 ------------ New Zealand--3.0% Air New Zealand Ltd. 212,783 283,563 Auckland International Airport Ltd. 256,359 395,861 CanWest MediaWorks (NZ) Ltd. 83,040 128,228 Fisher & Paykel Appliances Holdings Ltd. 58,452 158,264 Fisher & Paykel Healthcare Corp. 68,108 204,578 Freightways Ltd. (a) 35,940 115,303 Infratil Ltd. 33,115 127,254 Mainfreight Ltd. 24,723 139,457 New Zealand Refining Co., Ltd. (The) 61,598 282,313 Nuplex Industries Ltd. 20,695 107,981 PGG Wrightson Ltd. 64,428 74,502 Port of Tauranga Ltd. 26,772 112,318 Pumpkin Patch Ltd. 32,726 107,299 Sanford Ltd. 26,273 96,330 Sky City Entertainment Group Ltd. 102,607 371,870 Steel & Tube Holdings Ltd. 32,209 110,146 Vector Ltd. 119,365 212,094 Warehouse Group Ltd. (The) 70,084 355,797 ------------ Total New Zealand 3,383,158 ------------ Norway--1.9% ABG Sundal Collier ASA 108,222 225,957 Acta Holding ASA 81,163 430,168 Aker Yards AS 2,887 223,955 Aktiv Kapital ASA 5,409 81,226 Camillo Eitzen & Co. A/S 5,559 60,265 EDB Business Partner ASA 7,200 63,890 Ekornes ASA 8,765 201,305 Expert ASA 3,607 57,931 Hafslund ASA Class B 3,607 67,490 See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- ProSafe ASA 9,010 $ 128,066 Schibsted ASA 4,508 161,456 Solstad Offshore ASA 3,607 79,366 Sparebanken Midt-Norge 12,624 166,256 Tomra Systems ASA 7,210 49,793 Veidekke ASA 4,508 171,593 ------------ Total Norway 2,168,717 ------------ Portugal--1.0% Corticeira Amorim S.A. 12,782 33,036 Finibanco Holding, SGPS S.A. 9,083 45,154 Jeronimo Martins, SGPS, S.A. 14,257 319,600 Mota-Engil, SGPS, S.A. 17,265 117,020 Portucel-Empresa Produtora De Pasta E Papel, S.A. (a) 68,052 215,368 SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 44,735 103,822 Semapa-Sociedade de Investimento e Gestao, SGPS, S.A. 21,932 255,659 ------------ Total Portugal 1,089,659 ------------ Singapore--6.8% Ascendas Real Estate Investment Trust 234,000 407,209 Ascott Group Ltd. (The) 232,000 243,447 CapitaCommercial Trust 144,000 245,897 CapitaMall Trust Management Ltd. (a) 216,000 409,672 ComfortDelgro Corp., Ltd. 288,000 302,209 Cosco Corp. (Singapore) Ltd. 234,000 350,779 Creative Technology Ltd. 34,850 231,681 Fortune Real Estate Investment Trust 90,000 68,276 Guocoland Ltd. 108,000 182,311 Haw Par Corp., Ltd. 54,000 249,886 Hotel Properties Ltd. (a) 125,000 219,970 Jardine Cycle & Carriage Ltd. 21,900 211,249 Jaya Holdings Ltd. 216,000 208,356 Keppel Land Ltd. 72,000 323,796 Labroy Marine Ltd. 234,000 286,724 MFS Technology Ltd. 234,000 139,549 MobileOne Ltd. 216,000 302,679 Parkway Holdings Ltd. 126,000 257,864 Raffles Education Corp., Ltd. 215,000 248,028 Singapore Airport Terminal Services Ltd. 162,000 263,964 Singapore Land Ltd. 36,000 201,786 Singapore Petroleum Co., Ltd. 54,000 153,451 Singapore Post Ltd. 396,000 281,327 SMRT Corp. Ltd. 306,000 237,333 Suntec Real Estate Investment Trust 234,000 277,573 United Industrial Corp., Ltd. 180,000 245,193 UOL Group Ltd. 90,000 254,579 Venture Corp., Ltd. 18,000 158,378 Want Want Holdings Ltd. 144,000 234,720 WBL Corp., Ltd. (a) 54,000 157,675 Wheelock Properties (Singapore) Ltd. 198,000 290,360 ------------ Total Singapore 7,645,921 ------------ Spain--0.8% Campofrio Alimentacion S.A. 7,161 131,161 Dinamia Capital Privado S.C.R., S.A. 1,230 38,099 Europistas, Concesionaria Espanola S.A. 11,027 114,872 FAES FARMA, S.A. 2,729 94,499 Grupo Duro Felguera S.A. 7,134 69,896 Grupo Empresarial Ence S.A. 2,538 140,563 Miquel y Costas & Miquel, S.A. 715 22,336 Obrascon Huarte Lain, S.A. 3,444 106,270 Prosegur Cia de Seguridad S.A. 3,574 116,408 See Notes to Schedule of Investments. 8 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Tubacex S.A. 3,923 $ 25,555 Tubos Reunidos, S.A. 2,140 51,754 ------------ Total Spain 911,413 ------------ Sweden--5.8% AB Industrivarden Class C 7,210 269,203 Avanza AB 10,100 181,912 Axfood AB 9,016 372,867 Cardo AB 3,607 137,048 Castellum AB 23,441 312,581 Clas Ohlson AB Class B (a) 7,210 148,035 D. Carnegie & Co. AB 16,231 349,857 Eniro AB 18,032 238,477 Fabege AB 19,838 531,970 Hoganas AB Class B 5,409 141,884 Hufvudstaden AB Class A 18,032 204,220 Intrum Justitia AB 14,429 187,136 JM AB 7,205 174,782 Kungsleden Fastighets AB 23,441 359,682 L E Lundbergforetagen AB Class B 2,707 175,641 Meda AB Class A 7,210 291,856 Munters AB 4,508 208,832 NCC AB Class B 7,210 197,556 Nibe Industrier AB Class B 14,429 242,486 Nobia AB 5,409 208,282 Oresund Investment AB 9,016 236,500 Peab AB 7,210 171,215 Ratos AB Class B 18,032 428,204 SkiStar AB 4,632 79,874 SSAB Svenskt Stal AB Series B 10,822 244,337 Trelleborg AB Class B 10,822 259,361 Wallenstam Byggnads AB Class B 10,822 222,987 ------------ Total Sweden 6,576,785 ------------ Switzerland--0.2% Ascom Holding AG 2,012 25,300 Converium Holding AG 3,556 47,629 Kudelski S.A. 1,694 63,697 Swiss Steel AG 733 55,274 ------------ Total Switzerland 191,900 ------------ United Kingdom--24.0% Aberdeen Asset Management PLC 101,693 378,154 Aero Inventory PLC 5,237 37,693 Aggreko PLC 60,048 511,813 Arriva PLC 29,139 435,705 Atkins WS PLC 19,208 307,134 Babcock International Group PLC 47,994 376,430 Bodycote International PLC 61,229 273,521 Bovis Homes Group PLC 19,100 405,216 Brit Insurance Holdings PLC 93,437 577,414 Burren Energy PLC 20,249 350,728 Capital & Regional PLC 15,328 462,588 Carillion PLC 50,765 394,190 Carpetright PLC 12,707 326,039 Cattles PLC 58,452 502,499 Crest Nicholson PLC 30,508 369,299 Croda International PLC 35,538 406,885 Dairy Crest Group PLC 32,708 434,658 Davis Service Group PLC 33,596 331,392 De La Rue PLC 28,422 358,510 Derwent Valley Holdings PLC 10,768 441,934 DS Smith PLC 99,638 382,213 Electrocomponents PLC 127,702 732,925 F&C Asset Management PLC 103,854 428,874 See Notes to Schedule of Investments. 9 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Filtrona PLC 50,675 $ 259,352 Findel PLC 27,181 380,361 First Choice Holidays PLC 67,852 378,470 FKI PLC 137,021 276,886 Forth Ports PLC 8,916 375,523 Go-Ahead Group PLC 8,746 406,192 Great Portland Estates PLC 32,762 444,673 Greene King PLC 20,063 446,458 Halfords Group PLC 51,217 368,630 Halma PLC 82,673 372,957 HMV Group PLC 91,585 256,769 Homeserve PLC 10,177 376,449 Intermediate Capital Group PLC 12,372 410,425 Intertek Group PLC 22,356 364,690 J D Wetherspoon PLC 37,531 510,872 Jardine Lloyd Thompson Group PLC 48,361 398,002 Laird Group PLC 40,308 325,811 London Merchant Securities 61,932 370,297 Millennium & Copthorne Hotels PLC 37,681 450,228 Misys PLC 80,530 340,829 N Brown Group PLC 70,989 391,800 Northern Foods PLC 190,074 426,874 Northgate PLC 15,274 360,516 Paragon Group of Cos. (The) PLC 22,851 298,972 Pendragon PLC 140,074 274,146 Premier Farnell PLC 87,227 337,165 Premier Foods PLC 51,344 303,222 PZ Cussons PLC 103,151 333,105 Quintain Estates & Development PLC 25,310 423,528 Redrow PLC 34,131 477,283 Renishaw PLC 17,794 260,843 Rotork PLC 20,635 337,221 Savills PLC 28,178 375,010 Schroders PLC 16,160 330,824 SIG PLC 18,258 368,057 Songbird Estates PLC Class B 113,818 778,543 Spectris PLC 26,628 408,321 Spirax-Sarco Engineering PLC 17,776 347,903 SSL International PLC 53,542 387,460 Stagecoach Group PLC 154,708 463,263 Taylor Nelson Sofres PLC 65,301 256,886 Topps Tiles PLC 51,843 272,940 Ultra Electronics Holdings PLC 15,943 339,175 Victrex PLC 20,171 317,203 VT Group PLC 31,953 297,206 Weir Group (The) PLC 36,309 379,472 Wolverhampton & Dudley Breweries (The) PLC 11,906 421,763 Woolworths Group PLC 465,437 311,994 ------------ Total United Kingdom 27,020,383 ------------ TOTAL COMMON STOCKS (Cost: $102,407,035) 112,427,221 ------------ RIGHTS*--0.0% Germany--0.0% H&R WASAG AG, expiring 1/16/07 (a) 1,170 24,260 (Cost: $0) ------------ TOTAL LONG-TERM INVESTMENTS (Cost: $102,407,035) 112,451,481 ------------ See Notes to Schedule of Investments. 10 Schedule of Investments (unaudited) (continued) WisdomTree International SmallCap Dividend Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED--4.6% MONEY MARKET FUNDS (b)--4.6% UBS Enhanced Yield Portfolio, 5.23% 2,117,339 $ 2,117,339 UBS Private Money Market Fund LLC, 5.21% 3,119,593 3,119,593 ------------ TOTAL INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $5,236,932) (c) 5,236,932 ------------ TOTAL INVESTMENTS IN SECURITIES--104.2% (Cost: $107,643,967) (d) 117,688,413 Liabilities in Excess of Cash, Foreign Cash and Other Assets - (4.2)% (4,813,049) ------------ NET ASSETS--100.0% $112,875,364 ============ * Non-income producing security. (a) Security, or portion thereof, were on loan on December 31, 2006. (b) Interest rates shown reflect yields as of December 31, 2006. (c) At December 31, 2006, the total market value of the Fund's securities on loan was $4,876,939 and the total market value of the collateral held by the Fund was $5,236,932. (d) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 11 WisdomTree International SmallCap Dividend Fund Sector Breakdown* % of the Fund's Net Assets as of 12/31/06+ Industrial 24.6% Financial 23.8% Consumer Non-Cyclical 17.1% Consumer Cyclical 15.0% Basic Materials 7.2% Communications 5.3% Technology 1.9% Utilities 1.7% Diversified 1.6% Energy 1.4% * A sector may comprise several industries. + The Fund's sector breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Basic Materials Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.9% Australia--16.5% Alumina Ltd. 12,421 $ 62,070 Ausdrill Ltd. 1,671 2,397 Auspine Ltd. 526 1,745 BHP Billiton Ltd. 19,748 393,804 BlueScope Steel Ltd. 15,805 107,384 Consolidated Minerals Ltd. 5,602 9,582 Consolidated Rutile Ltd. 8,198 4,362 Energy Resources of Australia Ltd. 944 15,476 Equigold NL 2,262 2,924 Great Southern Plantations Ltd. 4,449 9,889 Gunns Ltd. 5,696 13,289 Iluka Resources Ltd. 2,530 13,261 Independence Group NL 1,041 3,298 Jubilee Mines NL 2,507 31,142 Kingsgate Consolidated Ltd. 462 1,529 Minara Resources Ltd. 5,638 25,997 Mincor Resources NL 3,402 5,792 Newcrest Mining Ltd. 242 5,026 Nufarm Ltd. 1,661 13,550 OneSteel Ltd. 7,913 29,189 PaperlinX Ltd. 5,909 18,304 Rio Tinto Ltd. 2,365 138,502 Smorgon Steel Group Ltd. 21,372 31,332 Straits Resources Ltd. 822 2,287 Wattyl Ltd. 923 2,204 ------------ Total Australia 944,335 ------------ Austria--1.0% BOEHLER-UDDEHOLM AG 364 25,487 Voestalpine AG 567 31,978 ------------ Total Austria 57,465 ------------ Belgium--2.5% Cumerio 244 5,856 Solvay S.A. 684 104,807 Tessenderlo Chemie N.V. 336 14,311 Umicore 116 19,732 ------------ Total Belgium 144,706 ------------ Denmark--0.1% Auriga Industries Class B 100 2,804 ------------ Finland--7.6% Kemira Oyj 880 19,762 M-real Oyj Class B 2,150 13,580 Outokumpu Oyj 1,174 45,917 Rautaruukki Oyj 2,248 89,374 Stora Enso Oyj Class R 6,740 106,653 UPM-Kymmene Corp. 6,350 160,101 ------------ Total Finland 435,387 ------------ France--4.8% Air Liquide 1,049 248,849 Eramet 168 26,894 ------------ Total France 275,743 ------------ Germany--16.5% BASF AG 4,288 417,575 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Basic Materials Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Bayer AG 5,538 $ 296,927 H&R WASAG AG 73 3,695 K+S AG 310 33,602 Salzgitter AG 112 14,629 ThyssenKrupp AG 3,745 176,251 ------------ Total Germany 942,679 ------------ Italy--0.1% Isagro SpA 139 1,391 Sol SpA 356 2,263 ------------ Total Italy 3,654 ------------ Japan--13.5% ADEKA Corp. 300 3,137 Aica Kogyo Co., Ltd. 300 4,200 Air Water, Inc. 1,000 10,608 Arisawa Manufacturing Co., Ltd. 200 2,261 Asahi Kasei Corp. 5,000 32,689 Chuetsu Pulp & Paper Co., Ltd. 1,000 1,972 Daicel Chemical Industries Ltd. 1,000 7,041 Daido Steel Co., Ltd. 1,000 6,638 Daiken Corp. 1,000 3,793 Dainippon Ink & Chemicals, Inc. 2,000 7,788 Denki Kagaku Kogyo K.K. 2,000 8,309 DOWA HOLDINGS Co., Ltd. 1,000 8,543 Earth Chemical Co., Ltd. 100 2,593 Godo Steel Ltd. 1,000 5,623 Hitachi Chemical Co., Ltd. 400 11,011 Hitachi Metals Ltd. 1,000 10,633 Hokuetsu Paper Mills Ltd. 1,000 5,640 JFE Holdings, Inc. 1,500 77,168 JSR Corp. 400 10,339 Kaneka Corp. 1,000 9,097 Kansai Paint Co., Ltd. 1,000 7,906 Kobe Steel Ltd. 7,000 23,969 Lintec Corp. 100 1,968 Mitsubishi Gas Chemical Co., Inc. 1,000 10,449 Mitsubishi Materials Corp. 2,000 7,503 Mitsui Chemicals, Inc. 2,000 15,375 Mitsui Mining & Smelting Co., Ltd. 1,000 5,002 Nakayama Steel Works Ltd. 1,000 3,743 Nippon Denko Co., Ltd. 1,000 4,137 Nippon Kayaku Co., Ltd. 1,000 7,973 Nippon Light Metal Co., Ltd. 2,000 5,119 Nippon Metal Industry Co., Ltd. 1,000 3,785 Nippon Paint Co., Ltd. 1,000 5,237 Nippon Steel Corp. 22,000 126,289 Nisshin Steel Co., Ltd. 4,000 14,838 Nitto Denko Corp. 300 15,006 NOF Corp. 1,000 5,505 OJI Paper Co., Ltd. 5,000 26,520 Pacific Metals Co., Ltd. 1,000 9,794 Rengo Co., Ltd. 1,000 6,395 Shin-Etsu Chemical Co., Ltd. 500 33,444 Showa Denko K.K. 2,000 7,654 ST Corp. 100 1,343 Sumitomo Bakelite Co., Ltd. 1,000 6,899 Sumitomo Chemical Co., Ltd. 3,000 23,239 Sumitomo Light Metal Industries Ltd. 1,000 2,073 Sumitomo Metal Industries Ltd. 19,000 82,439 Sumitomo Metal Mining Co., Ltd. 1,000 12,815 Taiyo Nippon Sanso Corp. 1,000 8,997 Toagosei Co., Ltd. 1,000 3,617 Tokyo Ohka Kogyo Co., Ltd. 100 2,786 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International Basic Materials Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Tokyo Steel Manufacturing Co., Ltd. 400 $ 6,264 Tomoku Co., Ltd. 1,000 2,148 Topy Industries Ltd. 1,000 4,171 Tosoh Corp. 3,000 13,243 Toyo Ink Manufacturing Co., Ltd. 1,000 4,037 Ube Industries Ltd. 2,000 5,740 Yamato Kogyo Co., Ltd. 300 7,578 Yodogawa Steel Works Ltd. 1,000 5,573 Yushiro Chemical Industry Co., Ltd. 100 1,926 ------------ Total Japan 771,582 ------------ Netherlands--4.4% Akzo Nobel N.V. 2,178 132,716 Koninklijke DSM N.V. 1,629 80,403 Mittal Steel Co. N.V. 901 37,984 ------------ Total Netherlands 251,103 ------------ New Zealand--0.1% Nuplex Industries Ltd. 1,403 7,320 ------------ Norway--1.9% Norske Skogindustrier ASA 3,200 55,249 Yara International ASA 2,200 50,086 ------------ Total Norway 105,335 ------------ Portugal--0.3% Corticeira Amorim S.A. 957 2,473 Portucel-Empresa Produtora De Pasta E Papel, S.A. 5,091 16,112 ------------ Total Portugal 18,585 ------------ Spain--1.0% Acerinox S.A. 1,399 42,522 Grupo Empresarial Ence S.A. 191 10,578 Miquel y Costas & Miquel, S.A. 51 1,593 Tubos Reunidos S.A. 162 3,918 ------------ Total Spain 58,611 ------------ Sweden--3.0% Billerud AB 500 8,878 Holmen AB Class B 600 26,129 SSAB Svenskt Stal AB Series A 1,200 28,496 SSAB Svenskt Stal AB Series B 400 9,031 Svenska Cellulosa Aktiebolaget SCA Class B 1,900 99,262 ------------ Total Sweden 171,796 ------------ Switzerland--2.3% Ciba Specialty Chemicals AG 787 52,254 EMS-Chemie Holding AG 205 24,619 Givaudan 36 33,266 Lonza Group AG 213 18,374 Schmolz + Bickenbach AG 56 4,223 ------------ Total Switzerland 132,736 ------------ United Kingdom--24.3% Anglo American PLC 10,604 516,974 Anglo Pacific Group PLC 920 2,642 Antofagasta PLC 2,759 27,485 BHP Billiton PLC 12,331 225,529 Corus Group PLC 3,508 36,422 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree International Basic Materials Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Croda International PLC 1,028 $ 11,770 DS Smith PLC 6,655 25,529 Elementis PLC 1,808 2,946 Filtrona PLC 1,403 7,180 Imperial Chemical Industries PLC 7,727 68,356 Johnson Matthey PLC 1,392 38,386 Lonmin PLC 673 39,647 Rio Tinto PLC 5,156 274,275 Vedanta Resources PLC 561 13,406 Victrex PLC 454 7,139 Xstrata PLC 1,643 81,998 Yule Catto & Co. PLC 2,031 9,222 ------------ Total United Kingdom 1,388,906 ------------ TOTAL COMMON STOCKS (Cost: $5,004,875) 5,712,747 ------------ RIGHTS*-- 0.0% Germany--0.0% H&R WASAG AG, expiring 1/16/07 (Cost: $0) 73 1,513 ------------ TOTAL INVESTMENTS IN SECURITIES --99.9% (Cost: $5,004,875) (a) 5,714,260 Cash, Foreign Cash and Other Assets in Excess of Liabilities--0.1% 5,066 ------------ NET ASSETS--100.0% $ 5,719,326 ============ * Non-income producing security. (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 4 WisdomTree International Basic Materials Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Chemicals 35.3% Mining 34.7% Iron/Steel 19.1% Forest Products & Paper 10.8% + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Communications Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.7% Australia--6.9% APN News & Media Ltd. 2,492 $ 11,883 Austereo Group Ltd. 2,439 4,095 iiNET Ltd. 478 335 Iress Market Technology Ltd. 508 2,811 IWL Ltd. 361 1,334 John Fairfax Holdings Ltd. 6,358 24,205 Oakton Ltd. 453 1,635 Prime Television Ltd. 665 1,939 Publishing & Broadcasting Ltd. 2,768 46,580 Rural Press Ltd. 802 8,344 SAI Global Ltd. 479 1,454 Seek Ltd. 322 1,492 Senetas Corp., Ltd. 2,057 624 Seven Network Ltd. 1,014 9,055 SMS Management & Technology Ltd. 347 1,141 Southern Cross Broadcasting Australia Ltd. 562 7,079 SP Telemedia Ltd. 1,443 887 STW Communications Group Ltd. 1,316 3,392 Telstra Corp. Ltd. 73,665 240,380 Ten Network Holdings Ltd. 3,836 9,947 West Australian Newspapers Holdings Ltd. 1,538 14,159 ---------- Total Australia 392,771 ---------- Austria--0.3% Telekom Austria AG 639 17,105 ---------- Belgium--2.0% Belgacom S.A. 2,157 94,915 Mobistar S.A. 248 21,142 ---------- Total Belgium 116,057 ---------- Finland--4.1% Elcoteq SE 101 1,303 Elisa Oyj 756 20,686 Nokia Oyj 9,136 186,491 PKC Group Oyj 101 1,632 Sanoma-WSOY Oyj 746 21,002 Talentum Oyj 403 1,748 ---------- Total Finland 232,862 ---------- France--16.0% Canal Plus S.A. 484 4,761 France Telecom S.A. 20,494 566,161 Havas S.A. 1,050 5,815 Lagardere SCA 339 27,268 M6, Metropole Television S.A. 701 25,014 PagesJaunes Groupe S.A. 1,877 37,299 Publicis Groupe 253 10,659 Societe Television Francaise 1 712 26,392 Vivendi 5,476 213,813 ---------- Total France 917,182 ---------- Germany--7.8% Comdirect Bank AG 398 4,845 Deutsche Telekom AG 24,144 440,630 United Internet AG 117 1,933 ---------- Total Germany 447,408 ---------- See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Communications Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Hong Kong--7.3% China Mobile Ltd. 42,000 $ 362,904 China Netcom Group Corp. (Hong Kong) Ltd. 2,000 5,362 China Unicom Ltd. 18,000 26,385 i-CABLE Communications Ltd. 9,000 2,106 Oriental Press Group Ltd. 14,000 2,538 PCCW Ltd. 21,000 12,772 Television Broadcasts Ltd. 1,000 6,108 ---------- Total Hong Kong 418,175 ---------- Ireland--0.2% Independent News & Media PLC 3,185 12,642 ---------- Italy--5.9% Arnoldo Mondadori Editore SpA 1,170 12,219 Caltagirone Editore SpA 358 2,981 CIR-Compagnie Industriali Riunite SpA 1,661 5,503 Gruppo Editoriale L'Espresso SpA 1,359 7,383 Mediaset SpA 3,999 47,407 Monrif SpA 390 662 RCS MediaGroup SpA 693 3,479 Telecom Italia SpA 86,227 260,381 ---------- Total Italy 340,015 ---------- Japan--3.9% Hakuhodo DY Holdings, Inc. 50 3,244 Hikari Tsushin, Inc. 100 4,389 Matsui Securities Co., Ltd. 200 1,516 Nippon Telegraph & Telephone Corp. 17 83,605 Nippon Television Network Corp. 30 4,446 NTT DoCoMo, Inc. 77 121,489 Tokyo Broadcasting System, Inc. 100 3,332 Yahoo Japan Corp. 8 3,182 ---------- Total Japan 225,203 ---------- Netherlands--3.9% Reed Elsevier N.V. 2,365 40,292 Royal KPN N.V. 10,738 152,500 Telegraaf Media Groep N.V. 105 2,748 Wegener N.V. 45 652 Wolters Kluwer N.V. 912 26,205 ---------- Total Netherlands 222,397 ---------- New Zealand--1.5% CanWest MediaWorks NZ Ltd. 1,403 2,166 Telecom Corp. of New Zealand Ltd. 23,623 80,951 ---------- Total New Zealand 83,117 ---------- Norway--1.2% Schibsted ASA 150 5,372 Telenor ASA 3,400 64,026 ---------- Total Norway 69,398 ---------- Portugal--1.3% Portugal Telecom, SGPS, S.A. 5,675 73,636 ---------- See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International Communications Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Singapore--2.5% Keppel Telecommunications & Transportation Ltd. 1,000 $ 1,043 MobileOne Ltd. 6,000 8,408 Singapore Press Holdings Ltd. 6,000 16,737 Singapore Telecommunications Ltd. 48,000 102,614 StarHub Ltd. 8,000 13,713 Yellow Pages (Singapore) Ltd. 1,000 763 ---------- Total Singapore 143,278 ---------- Spain--7.4% Antena 3 Television, S.A. 936 22,019 Gestevision Telecinco, S.A. 1,562 44,449 Promotora de Informaciones, S.A. 235 4,094 Telefonica, S.A. 16,589 352,627 ---------- Total Spain 423,189 ---------- Sweden--4.5% Eniro AB 500 6,613 Tele2 AB Class B 900 13,152 Telefonaktiebolaget LM Ericsson Class A 3,000 12,100 Telefonaktiebolaget LM Ericsson Class B 29,000 117,178 TeliaSonera AB 13,500 110,971 ---------- Total Sweden 260,014 ---------- Switzerland--1.8% Ascom Holding AG 56 704 Kudelski S.A. 48 1,805 Swisscom AG 267 100,888 ---------- Total Switzerland 103,397 ---------- United Kingdom--21.2% Aegis Group PLC 1,404 3,847 Amstrad PLC 343 1,051 British Sky Broadcasting Group PLC 4,035 41,223 BT Group PLC 44,530 262,763 Cable & Wireless PLC 10,398 32,103 Centaur Media PLC 283 763 Daily Mail & General Trust N.V. Class A 786 11,030 Emap PLC 727 11,490 Euromoney Institutional Investor PLC 407 4,353 Future PLC 1,583 1,410 GCAP Media PLC 729 2,921 Informa PLC 783 9,149 Inmarsat PLC 1,371 10,250 ITV PLC 11,406 23,774 Johnston Press PLC 601 4,617 Pearson PLC 3,340 50,433 Reed Elsevier PLC 3,942 43,243 Reuters Group PLC 3,840 33,463 SMG PLC 1,000 1,292 Taylor Nelson Sofres PLC 773 3,041 Trinity Mirror PLC 1,331 12,230 United Business Media PLC 645 8,748 UTV PLC 180 1,288 Vodafone Group PLC 208,530 577,495 Wilmington Group PLC 190 877 WPP Group PLC 1,760 23,785 Yell Group PLC 2,416 26,952 ---------- Total United Kingdom 1,203,591 ---------- See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree International Communications Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES--99.7% (Cost: $4,991,675) (a) $5,701,437 Foreign Cash and Other Assets in Excess of Liabilities--0.3% 14,814 ---------- NET ASSETS--100.0% $5,716,251 ========== (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 4 WisdomTree International Communications Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Telecommunications 79.7% Media 18.0% Advertising 1.6% Internet 0.4% + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Consumer Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.5% Australia--8.1% Alesco Corp., Ltd. 813 $ 7,395 ARB Corp., Ltd. 519 1,497 Aristocrat Leisure Ltd. 2,376 29,777 Billabong International Ltd. 1,285 17,623 Coles Group Ltd. 9,374 103,439 Colorado Group Ltd. 552 1,753 David Jones Ltd. 5,138 16,888 Fantastic Holdings Ltd. 685 1,847 Fleetwood Corp., Ltd. 337 2,122 Flight Centre Ltd. 1,042 13,847 Funtastic Ltd. 1,788 2,269 Harvey Norman Holdings Ltd. 4,690 14,047 Housewares International Ltd. 2,029 3,023 Infomedia Ltd. 4,508 2,700 JB Hi-Fi Ltd. 318 1,642 Just Group Ltd. 2,066 6,025 MaxiTRANS Industries Ltd. 2,366 1,026 Nick Scali Ltd. 921 1,379 Pacifica Group Ltd. 750 1,289 Qantas Airways Ltd. 27,815 114,442 Rebel Sport Ltd. 641 2,269 Reject Shop Ltd. (The) 201 1,505 Repco Corp., Ltd. 3,268 4,392 Spotless Group Ltd. 2,342 8,565 Sunland Group Ltd. 2,772 7,887 Super Cheap Auto Group Ltd. 789 1,897 Tabcorp Holdings Ltd. 6,551 87,005 ---------- Total Australia 457,550 ---------- Denmark--0.1% Bang & Olufsen A/S Class B 25 3,219 ---------- Finland--0.6% Amer Sports Oyj 363 7,984 Finnair Oyj 416 6,808 Nokian Renkaat Oyj 416 8,514 Rapala VMC Oyj 104 849 Stockmann Oyj Abp Class B 165 7,937 ---------- Total Finland 32,092 ---------- France--12.6% Accor S.A. 1,131 87,545 Air France-KLM S.A. 487 20,479 Alain Afflelou S.A. 15 732 Compagnie Generale des Etablissements Michelin Class B 806 77,054 Hermes International 247 30,861 Kaufman & Broad S.A. 65 4,058 Peugeot S.A. 1,344 88,968 PPR S.A. 654 97,622 Rallye S.A. 375 20,289 Renault S.A. 1,662 199,435 Rodriguez Group 30 1,478 Sodexho Alliance S.A. 718 45,001 THOMSON 1,100 21,482 Valeo S.A. 439 18,252 ---------- Total France 713,256 ---------- See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Germany--12.7% adidas AG 286 $ 14,229 Bayerische Motoren Werke AG 1,587 91,053 BayWa AG 64 2,049 Bechtle AG 79 2,005 Continental AG 273 31,715 DaimlerChrysler AG 5,939 366,513 Deutsche Lufthansa AG 2,671 73,436 Douglas Holding AG 171 8,832 ElringKlinger AG 63 4,031 Gerry Weber International AG 71 1,652 Grammer AG 79 2,687 Medion AG 137 1,458 Puma AG Rudolf Dassler Sport 17 6,628 Takkt AG 141 2,445 Volkswagen AG 950 107,596 ---------- Total Germany 716,329 ---------- Hong Kong--1.9% Cathay Pacific Airways Ltd. 27,000 66,587 China National Aviation Co., Ltd. 6,000 2,145 China Travel International Investment Hong Kong Ltd. 34,000 11,104 Denway Motors Ltd. 32,000 12,961 Fountain Set (Holdings) Ltd. 4,000 1,116 Goldlion Holdings Ltd. 10,000 1,762 Hongkong & Shanghai Hotels Ltd. (The) 3,000 5,069 Raymond Industrial Ltd. 3,000 621 Shaw Brothers (Hong Kong) Ltd. 2,000 3,461 Shell Electric Manufacturing (Holdings) Co. Ltd. 3,000 1,107 YGM Trading 1,000 701 ---------- Total Hong Kong 106,634 ---------- Ireland--0.1% Abbey PLC 150 2,158 Paddy Power PLC 119 2,384 ---------- Total Ireland 4,542 ---------- Italy--1.7% Amplifon SpA 130 1,098 Autogrill SpA 654 12,013 Benetton Group SpA 886 16,894 Brembo SpA 299 3,647 Bulgari SpA 1,160 16,444 Geox SpA 357 5,531 Indesit Co. SpA 622 10,121 Marzotto SpA 279 1,261 Pirelli & C. SpA 22,537 22,423 Sogefi SpA 548 4,249 Tod's SpA 35 2,819 ---------- Total Italy 96,500 ---------- Japan--28.0% ABC-Mart, Inc. 100 2,476 Advan Co., Ltd. 100 1,206 AEON Co., Ltd. 700 15,127 Aisan Industry Co., Ltd. 100 1,150 Aisin Seiki Co., Ltd. 300 10,046 Akebono Brake Industry Co., Ltd. 1,000 9,668 All Nippon Airways Co., Ltd. 2,000 7,066 Alpine Electronics, Inc. 100 1,491 AOKI Holdings, Inc. 100 1,775 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Arcs Co., Ltd. 200 $ 2,350 ASICS Corp. 1,000 12,538 Avex Group Holdings, Inc. 100 1,600 Belluna Co., Ltd. 50 742 Bosch Corp. 1,000 5,279 Bridgestone Corp. 1,200 26,738 Canon Electronics, Inc. 150 5,212 Canon Marketing Japan, Inc. 300 6,810 Chiyoda Co., Ltd. 100 2,031 Circle K Sunkus Co. Ltd. 200 3,550 Citizen Watch Co., Ltd. 700 5,352 Culture Convenience Club Co., Ltd. 100 734 Daidoh Ltd. 100 1,098 Daihatsu Motor Co., Ltd. 1,000 10,079 Daikoku Denki Co., Ltd. 100 2,132 Daiwa House Industry Co., Ltd. 1,000 17,372 DENSO CORP. 1,300 51,496 Don Quijote Co., Ltd. 100 1,909 Doshisha Co., Ltd. 100 1,901 Edion Corp. 100 1,481 FamilyMart Co., Ltd. 200 5,438 Fast Retailing Co., Ltd. 200 19,068 FCC Co., Ltd. 100 2,409 France Bed Holdings Co., Ltd. 1,000 2,039 Fuji Heavy Industries Ltd. 2,000 10,256 Futaba Industrial Co., Ltd. 100 2,438 Gulliver International Co., Ltd. 20 1,672 Hakuto Co., Ltd. 100 1,370 Hanwa Co., Ltd. 1,000 4,221 Heiwa Corp. 200 2,528 Heiwado Co., Ltd. 100 1,659 Hino Motors Ltd. 1,000 5,136 HIS Co., Ltd. 100 2,442 Hitachi High-Technologies Corp. 100 2,971 Hitachi Maxell Ltd. 200 2,979 Honda Motor Co., Ltd. 3,000 118,333 Impact 21 Co., Ltd. 100 1,678 Inaba Denki Sangyo Co., Ltd. 100 3,525 Inaba Seisakusho Co., Ltd. 100 1,525 Isetan Co., Ltd. 200 3,609 Isuzu Motors Ltd. 1,000 4,691 ITOCHU Corp. 3,000 24,598 Itochu Enex Co., Ltd. 300 2,044 Izumi Co., Ltd. 100 3,558 JTEKT Corp. 200 4,238 Kanto Auto Works Ltd. 200 2,587 Keihin Corp. 100 2,514 Kojima Co., Ltd. 100 828 Kokuyo Co., Ltd. 200 3,157 Komeri Co., Ltd. 100 2,921 Konaka Co., Ltd. 100 1,423 Kurabo Industries Ltd. 1,000 2,593 Kuraray Co., Ltd. 500 5,891 Lawson, Inc. 300 10,726 Life Corp. 100 1,454 Mars Engineering Corp. 100 1,951 Marubeni Corp. 2,000 10,138 Marui Co., Ltd. 600 6,989 Matsumotokiyoshi Co., Ltd. 100 2,220 Matsushita Electric Industrial Co., Ltd. 3,000 59,796 Mazda Motor Corp. 1,000 6,823 Ministop Co., Ltd. 100 1,708 Mitsubishi Corp. 2,700 50,757 Mitsubishi Rayon Co., Ltd. 1,000 6,714 Mitsui & Co., Ltd. 3,000 44,816 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Mitsuuroko Co., Ltd. 200 $ 1,425 MOS Food Services, Inc. 100 1,344 Nagaileben Co., Ltd. 100 2,153 Nifco, Inc. 200 4,582 Nishimatsuya Chain Co., Ltd. 100 1,884 Nissan Diesel Motor Co., Ltd. 1,000 3,340 Nissan Motor Co., Ltd. 13,300 159,950 Nissin Kogyo Co., Ltd. 100 2,568 Nitori Co., Ltd. 50 2,169 NOK Corp. 100 1,964 Noritz Corp. 100 1,792 Oriental Land Co., Ltd. 100 5,228 Parco Co., Ltd. 100 1,141 Pioneer Corp. 300 4,114 Plenus Co., Ltd. 100 2,069 Point, Inc. 20 1,313 RESORTTRUST, Inc. 100 2,635 Right On Co., Ltd. 100 3,869 Ryoshoku Ltd. 100 2,102 Ryoyo Electro Corp. 100 1,438 Sangetsu Co., Ltd. 200 4,859 Sankyo Co., Ltd. 100 5,531 Sankyo Seiko Co., Ltd. 200 796 Sega Sammy Holdings, Inc. 500 13,470 Sekisui Chemical Co., Ltd. 1,000 7,964 Sekisui House, Ltd. 1,000 14,544 Shaddy Co., Ltd. 100 1,163 Shimachu Co., Ltd. 100 2,895 Showa Corp. 100 1,627 Sony Corp. 800 34,241 Sumitomo Corp. 2,000 29,894 Sumitomo Rubber Industries, Inc. 600 7,740 Sundrug Co., Ltd. 100 2,211 Suzuki Motor Corp. 300 8,460 Teijin Ltd. 1,000 6,152 Toei Co., Ltd. 1,000 5,405 Toho Co., Ltd. 100 1,804 Tokai Rika Co., Ltd. 100 2,543 TOMY Co., Ltd. 200 1,351 Toray Industries, Inc. 2,000 14,973 TOTO Ltd. 1,000 10,004 Toyo Tire & Rubber Co., Ltd. 1,000 4,842 Toyobo Co., Ltd. 2,000 6,026 Toyoda Gosei Co., Ltd. 100 2,312 Toyota Auto Body Co., Ltd. 200 3,709 Toyota Boshoku Corp. 200 4,322 Toyota Motor Corp. 7,000 467,627 Toyota Tsusho Corp. 300 8,032 Trusco Nakayama Corp. 100 2,039 Unitika Ltd. 1,000 1,267 USS Co., Ltd. 40 2,602 Xebio Co., Ltd. 100 3,139 Yamada Denki Co., Ltd. 20 1,695 Yamaha Corp. 300 6,345 Yamaha Motor Co., Ltd. 300 9,416 Yellow Hat Ltd. 100 845 Yokohama Rubber Co., Ltd. (The) 1,000 6,026 ---------- Total Japan 1,585,791 ---------- See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Netherlands--0.5% Beter BED Holdings N.V. 118 $ 3,003 Buhrmann N.V. 419 6,221 Hunter Douglas N.V. 162 13,009 Macintosh Retail Group N.V. 83 2,791 Univar N.V. 96 5,373 ---------- Total Netherlands 30,397 ---------- New Zealand--1.0% Air New Zealand Ltd. 9,365 12,480 Fisher & Paykel Appliances Holdings Ltd. 2,587 7,005 Hallenstein Glasson Holdings Ltd. 970 3,611 Pumpkin Patch Ltd. 784 2,571 Sky City Entertainment Group Ltd. 4,471 16,204 Tourism Holdings Ltd. 1,460 2,059 Warehouse Group Ltd. (The) 2,885 14,646 ---------- Total New Zealand 58,576 ---------- Norway--0.2% Ekornes ASA 400 9,187 Expert ASA 100 1,606 ---------- Total Norway 10,793 ---------- Portugal--0.3% SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 1,958 4,544 Sonae SGPS, S.A. 6,273 12,491 ---------- Total Portugal 17,035 ---------- Singapore--1.6% Hotel Plaza Ltd. 3,000 3,070 Hotel Properties Ltd. 1,000 1,760 HTL International Holdings Ltd. 1,000 603 Jardine Cycle & Carriage Ltd. 1,000 9,646 Metro Holdings Ltd. 2,000 1,108 Robinson & Co., Ltd. 1,000 3,246 Singapore Airlines Ltd. 6,000 68,435 Stamford Land Corp., Ltd. 7,000 1,779 Tat Hong Holdings Ltd. 2,000 1,538 ---------- Total Singapore 91,185 ---------- Spain--1.3% Cia de Distribucion Integral Logista S.A. 136 8,770 IBERIA, Lineas Aereas de Espana, S.A. 3,738 13,604 Industria de Diseno Textil, S.A. 948 51,016 Sol Melia, S.A. 152 3,009 ---------- Total Spain 76,399 ---------- Sweden--6.7% AB Electrolux Series B* 1,726 34,555 Bilia AB Class A 300 4,833 Clas Ohlson AB Class B 200 4,106 H&M Hennes & Mauritz AB Class B 4,200 212,362 Nobia AB 150 5,776 Scania AB Class A 800 57,343 Scania AB Class B 800 56,233 SkiStar AB 200 3,449 ---------- Total Sweden 378,657 ---------- See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Switzerland--0.3% Swatch Group AG (The) 181 $ 8,081 Swatch Group AG (The) Class B 45 9,926 ---------- Total Switzerland 18,007 ---------- United Kingdom--21.8% Alba PLC 391 1,586 Alexon Group PLC 415 1,525 Barratt Developments PLC 1,302 31,471 Bellway PLC 591 17,859 Big Yellow Group PLC 153 2,111 Blacks Leisure Group PLC 137 1,071 Boots Group PLC 7,350 120,474 Bovis Homes Group PLC 595 12,623 BSS Group PLC 279 2,363 Burberry Group PLC 1,318 16,651 Carnival PLC 813 41,179 Carpetright PLC 452 11,598 Carphone Warehouse Group PLC 972 5,973 Christian Salvesen PLC 2,765 3,599 Clinton Cards PLC 2,366 2,825 Compass Group PLC 16,160 91,720 Crest Nicholson PLC 524 6,343 Diploma PLC 107 1,833 Domino's Pizza UK & IRL PLC 139 1,621 DSG International PLC 13,218 49,540 EMI Group PLC 4,182 21,690 Enterprise Inns PLC 1,090 28,863 European Motor Holdings PLC 231 2,198 Findel PLC 305 4,268 First Choice Holidays PLC 2,948 16,444 French Connection Group PLC 477 1,890 Game Group PLC 1,819 4,041 Games Workshop Group PLC 366 2,855 George Wimpey PLC 2,693 29,436 GKN PLC 5,638 30,676 Halfords Group PLC 1,702 12,250 Headlam Group PLC 508 6,115 HMV Group PLC 2,976 8,344 Holidaybreak PLC 318 4,823 IG Group Holdings PLC 385 2,189 Inchcape PLC 1,667 16,509 Intercontinental Hotels Group PLC 1,345 33,220 J D Wetherspoon PLC 327 4,451 JJB Sports PLC 2,280 10,498 John Menzies PLC 365 3,616 Kesa Electricals PLC 3,442 22,854 Kier Group PLC 99 4,205 Kingfisher PLC 19,282 90,005 Ladbrokes PLC 2,869 23,485 Lookers PLC 525 1,793 Luminar PLC 387 5,522 Majestic Wine PLC 222 1,529 Marks & Spencer Group PLC 6,372 89,417 Millennium & Copthorne Hotels PLC 960 11,470 Mitchells & Butlers PLC 1,623 22,569 Mothercare PLC 322 2,450 N Brown Group PLC 1,465 8,086 Next PLC 1,085 38,223 Pendragon PLC 2,695 5,275 Persimmon PLC 1,349 40,290 Punch Taverns PLC 591 14,794 Redrow PLC 695 9,719 ScS Upholstery PLC 213 2,130 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Signet Group PLC 9,334 $ 21,648 Sportingbet PLC 362 305 Ted Baker PLC 169 1,943 Topps Tiles PLC 1,285 6,765 Umbro PLC 763 1,997 Whitbread PLC 961 31,504 William Hill PLC 1,866 23,081 Wilson Bowden PLC 519 22,469 Wolseley PLC 2,286 55,164 Woolworths Group PLC 13,008 8,720 ---------- Total United Kingdom 1,235,753 ---------- TOTAL INVESTMENTS IN SECURITIES--99.5% (Cost: $4,975,088) (a) 5,632,715 Cash, Foreign Cash and Other Assets in Excess of Liabilities--0.5% 30,624 ---------- NET ASSETS--100.0% $5,663,339 ========== * Non-income producing security. (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 7 WisdomTree International Consumer Cyclical Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Auto Manufacturers 31.5% Retail 25.4% Airlines 6.8% Auto Parts & Equipment 6.4% Distribution/Wholesale 6.0% Home Builders 4.1% Entertainment 3.8% Home Furnishings 3.8% Lodging 2.9% Leisure Time 2.4% Food Service 2.4% Apparel 2.3% Textiles 1.0% Housewares 0.5% Toys/Games/Hobbies 0.1% Office Furnishings 0.1% Storage/Warehousing 0.0% # + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. # Amount represents less than 0.05%. Schedule of Investments (unaudited) WisdomTree International Consumer Non-Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.8% Australia--6.5% ABB Grain Ltd. 1,664 $ 8,840 A.B.C Learning Centres Ltd. 3,529 23,365 Adsteam Marine Ltd. 4,394 8,658 Australian Agricultural Co., Ltd. 3,672 5,354 Australian Pharmaceutical Industries Ltd. 7,574 13,253 AWB Ltd. 13,126 31,865 Boom Logistics Ltd. 2,020 6,528 Brambles Industries Ltd.* 17,581 177,544 Candle Australia Ltd. 1,105 2,822 Coates Hire Ltd. 3,764 17,356 Coca-Cola Amatil Ltd. 18,132 110,903 Cochlear Ltd. 484 22,126 Corporate Express Australia Ltd. 2,987 14,126 Credit Corp. Group Ltd. 444 2,870 CSL Ltd. 883 45,496 Foster's Group Ltd. 39,330 214,519 Healthscope Ltd. 3,724 15,821 Integrated Group Ltd. 2,120 3,292 Invocare Ltd. 1,880 8,254 Lion Nathan Ltd. 10,980 70,620 McGuigan Simeon Wines Ltd. 3,796 9,694 Metcash Ltd. 4,873 17,937 Pacific Brands Ltd. 18,458 37,972 Primary Health Care Ltd. 1,884 19,750 Programmed Maintenance Services Ltd. 1,569 6,146 Ramsay Health Care Ltd. 1,988 17,785 Ridley Corp., Ltd. 6,836 6,277 Sigma Pharmaceuticals Ltd. 13,561 31,959 Skilled Group Ltd. 2,084 8,624 Sonic Healthcare Ltd. 4,272 50,104 Symbion Health Ltd. 9,260 27,735 Veda Advantage Ltd. 2,272 4,710 Vision Systems Ltd. 427 1,262 Woolworths Ltd. 18,060 340,214 ----------- Total Australia 1,383,781 ----------- Belgium--1.8% Colruyt S.A. 268 57,180 Delhaize Group 763 63,537 InBev N.V. 2,875 189,329 Omega Pharma S.A. 48 3,617 UCB S.A. 1,165 79,807 ----------- Total Belgium 393,470 ----------- Denmark--1.3% Carlsberg A/S Class B 200 19,848 Coloplast A/S Class B 200 18,079 Danisco A/S 200 17,017 H. Lundbeck A/S 1,600 44,082 Novo-Nordisk A/S Class B 1,800 149,812 Novozymes AS Class B 200 17,194 ----------- Total Denmark 266,032 ----------- Finland--0.5% Cramo Oyj Class B 404 10,069 HK Ruokatalo Oyj Class A 404 7,725 Kemira GrowHow Oyj 1,213 10,861 Kesko Oyj Class B 807 42,587 Poyry Oyj 807 12,557 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Non-Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Raisio PLC Class V 6,036 $ 14,247 ----------- Total Finland 98,046 ----------- France--13.4% Assystem 140 2,843 Carrefour S.A. 7,870 476,755 Casino Guichard Perrachon S.A. 1,652 153,360 Christian Dior S.A. 1,377 146,624 Cie Generale D'Optique Essilor International S.A. 627 67,342 Clarins 272 20,570 Generale de Sante 288 11,773 Groupe Danone 2,420 366,342 L'Oreal S.A. 4,789 479,309 Provimi S.A. 100 4,286 Remy Cointreau S.A. 563 36,378 Sanofi-Aventis 10,948 1,009,840 Societe BIC SA 228 15,859 Societe Des Autoroutes Paris-Rhin-Rhone 799 63,743 ----------- Total France 2,855,024 ----------- Germany--3.1% ALTANA AG 1,245 77,161 Beiersdorf AG 1,385 89,709 Celesio AG 1,165 62,432 Fresenius AG 112 22,406 Fresenius Medical Care AG & Co. KGaA 516 68,702 Henkel KGaA 504 65,264 IDS Scheer AG 128 2,604 Merck KGaA 192 19,885 Metro AG 2,759 175,759 Rhoen Klinikum AG 208 9,926 Schwarz Pharma AG 13 1,635 Sixt AG 88 4,931 Stada Arzneimittel AG 212 12,147 Sudzucker AG 2,008 48,535 ----------- Total Germany 661,096 ----------- Hong Kong--0.0% Cross-Harbour (Holdings) Ltd. 4,000 3,425 Vitasoy International Holdings Ltd. 8,000 3,096 ----------- Total Hong Kong 6,521 ----------- Ireland--0.5% C&C Group PLC 2,556 45,501 Fyffes PLC 6,581 15,447 Glanbia PLC 2,316 9,269 Greencore Group PLC 2,396 14,534 Iaws Group PLC 424 10,802 Kerry Group PLC Class A 555 13,854 United Drug PLC 1,201 6,211 ----------- Total Ireland 115,618 ----------- Italy--1.1% Autostrada Torino-Milano SpA 1,157 26,043 Autostrade SpA 2,883 82,838 Cremonini SpA 5,532 17,526 Davide Campari-Milano SpA 1,473 14,587 Fiera Milano SpA 420 4,893 Luxottica Group SpA 1,852 56,853 Mirato SpA 192 2,203 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Non-Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Recordati SpA 1,621 $ 12,430 Societa Iniziative Autostradali e Servizi SpA 1,828 27,166 ----------- Total Italy 244,539 ----------- Japan--7.3% Ajinomoto Co., Inc. 4,000 52,805 Asahi Breweries, Ltd. 2,000 31,975 Astellas Pharma, Inc. 2,400 108,967 Chugai Pharmaceutical Co., Ltd. 2,000 41,207 Coca-Cola West Japan Co., Ltd. 400 9,248 Dai Nippon Printing Co., Ltd. 4,000 61,701 Eisai Co., Ltd. 1,600 87,818 Fancl Corp. 400 5,996 Fuji Oil Co., Ltd. 400 3,458 Goodwill Group, Inc. (The) 4 3,256 Hisamitsu Pharmaceutical Co., Inc. 400 12,656 Hokuto Corp. 400 7,033 House Foods Corp. 400 6,586 ITO EN LTD. 400 12,219 Japan Tobacco, Inc. 24 115,816 Kagome Co., Ltd. 400 5,596 Kao Corp. 4,000 107,759 Katokichi Co., Ltd. 800 6,472 Kirin Brewery Co., Ltd. 4,000 62,809 Kyowa Hakko Kogyo Co., Ltd. 4,000 34,208 Mediceo Paltac Holdings Co., Ltd. 400 7,570 Meitec Corp. 400 12,119 Mikuni Coca-Cola Bottling Co., Ltd. 400 3,864 Mitsui Sugar Co., Ltd. 4,000 13,025 Nichii Gakkan Co. 400 5,922 Nihon Kohden Corp. 400 9,131 Nippon Kanzai Co., Ltd. 400 10,339 Nippon Suisan Kaisha Ltd. 1,200 7,040 Nisshin Seifun Group, Inc. 2,000 20,612 Nissin Food Products Co., Ltd. 400 14,804 Nosan Corp. 4,000 10,272 Paramount Bed Co., Ltd. 400 6,748 Paris Miki, Inc. 400 7,234 QP Corp. 800 6,909 Sakata Seed Corp. 400 4,854 Secom Co., Ltd. 800 41,425 Seikagaku Corp. 400 4,035 Shimadzu Corp. 4,000 35,215 Shiseido Co., Ltd. 4,000 86,610 Sohgo Security Services Co., Ltd. 400 8,040 Suzuken Co., Ltd. 400 15,039 T. Hasegawa Co., Ltd. 400 6,214 Takeda Pharmaceutical Co., Ltd. 4,400 301,691 Terumo Corp. 400 15,711 Toho Pharmaceutical Co., Ltd. 400 7,251 Topcon Corp. 400 7,939 Toppan Forms Co., Ltd. 800 11,145 Toppan Printing Co., Ltd. 4,000 44,111 Uni-Charm Corp. 400 23,734 Valor Co., Ltd. 400 5,291 Yakult Honsha Co., Ltd. 400 11,481 Yaoko Co., Ltd. 400 9,903 Zenrin Co., Ltd. 400 11,749 ----------- Total Japan 1,564,612 ----------- Netherlands--4.3% CSM N.V. 995 38,273 Heineken Holding N.V. 1,317 53,489 Heineken N.V. 2,292 108,895 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Non-Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Koninklijke Wessanen N.V. 1,509 $ 20,396 Nutreco Holding N.V. 160 10,421 Randstad Holding N.V. 635 43,877 Unilever N.V. 22,282 608,211 USG People N.V. 160 6,986 Vedior N.V. 983 20,364 ----------- Total Netherlands 910,912 ----------- New Zealand--0.3% Fisher & Paykel Healthcare Corp. 6,909 20,753 PGG Wrightson Ltd. 6,713 7,763 Port of Tauranga Ltd. 2,751 11,541 Ryman Healthcare Ltd. 743 5,632 Sanford Ltd. 2,312 8,477 ----------- Total New Zealand 54,166 ----------- Norway--0.5% Orkla ASA 1,920 108,854 ----------- Portugal--0.5% Brisa-Auto-estradas de Portugal S.A. 6,467 80,587 Jeronimo Martins, SGPS, S.A. 1,437 32,213 ----------- Total Portugal 112,800 ----------- Singapore--0.8% China Merchants Holdings Pacific Ltd. 12,000 6,492 Fraser and Neave Ltd. 16,000 46,927 Parkway Holdings Ltd. 12,000 24,558 Petra Foods Ltd. 4,000 4,693 Raffles Education Corp., Ltd. 8,000 9,229 SIA Engineering Co., Ltd. 8,000 22,421 Singapore Airport Terminal Services Ltd. 16,000 26,071 Singapore Food Industries Ltd. 12,000 7,235 Want Want Holdings Ltd. 8,000 13,040 ----------- Total Singapore 160,666 ----------- Spain--1.8% Abertis Infraestructuras S.A. 5,357 158,940 Altadis, S.A. 2,536 132,593 Campofrio Alimentacion S.A. 735 13,462 Cintra Concesiones de Infraestructuras de Transporte, S.A. 1,365 22,859 Ebro Puleva S.A. 1,189 30,103 Europistas, Concesionaria Espanola, S.A. 1,121 11,678 FAES FARMA, S.A. 280 9,696 Prosegur Cia de Seguridad S.A. 384 12,507 ----------- Total Spain 391,838 ----------- Sweden--0.8% Axfood AB 1,000 41,356 Getinge AB Class B 1,600 35,891 Securitas AB Class B 3,200 49,686 Swedish Match AB 2,400 44,893 ----------- Total Sweden 171,826 ----------- Switzerland--14.9% Adecco S.A. 911 62,129 Merck Serono S.A. 48 43,018 Nestle S.A. 3,748 1,329,470 Nobel Biocare Holding AG 112 33,053 Novartis AG 17,129 985,756 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Non-Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Phonak Holding AG 104 $ 8,264 Roche Holding AG 3,417 611,628 SGS S.A. 80 88,998 Straumann Holding AG 48 11,600 ----------- Total Switzerland 3,173,916 ----------- United Kingdom--40.4% Aggreko PLC 2,610 22,246 Arla Foods UK PLC 6,809 8,495 Associated British Foods PLC 7,732 124,920 AstraZeneca PLC 16,005 859,536 Atkins WS PLC 663 10,601 Babcock International Group PLC 1,233 9,671 Bespak PLC 384 4,727 BPP Holdings PLC 675 6,975 British American Tobacco PLC 30,450 851,615 Bunzl PLC 3,752 46,152 Cadbury Schweppes PLC 21,351 228,367 Capita Group PLC 4,224 50,181 communisis PLC 3,560 5,870 Cranswick PLC 440 7,798 Dairy Crest Group PLC 2,428 32,266 Davis Service Group PLC 2,851 28,122 Dawson Holdings PLC 1,573 3,233 De La Rue PLC 2,444 30,828 Dechra Pharmaceuticals PLC 512 2,640 Devro PLC 2,392 5,711 Diageo PLC 40,435 793,352 Enterprise PLC 587 6,250 Forth Ports PLC 488 20,554 Gallaher Group PLC 10,353 232,308 Genus PLC 376 3,930 GlaxoSmithKline PLC 69,972 1,840,551 Greene King PLC 1,541 34,292 Greggs PLC 144 12,119 Group 4 Securicor PLC 9,702 35,698 Hays PLC 12,848 40,044 Helphire Group PLC 883 6,740 Homeserve PLC 336 12,429 Huntleigh Technology PLC 476 4,455 Imperial Tobacco Group PLC 9,730 382,766 Interserve PLC 1,736 13,624 Intertek Group PLC 939 15,318 ITE Group PLC 2,280 7,764 J. Sainsbury PLC 16,224 129,948 Johnson Service Group PLC 1,101 7,612 Mcbride PLC 2,152 8,287 Michael Page International PLC 1,609 14,242 M.P. Evans Group PLC 663 3,941 Nichols PLC 667 3,217 Northern Foods PLC 18,338 41,184 Northgate PLC 575 13,572 Office2office PLC 524 2,497 Premier Foods PLC 5,412 31,962 PZ Cussons PLC 4,651 15,019 Rank Group PLC 18,116 82,878 Reckitt Benckiser PLC 5,628 257,086 Rentokil Initial PLC 35,267 114,405 Robert Walters PLC 428 2,737 Robert Wiseman Dairies PLC 851 9,402 RPS Group PLC 943 4,983 SABMiller PLC 12,616 290,124 Savills PLC 1,229 16,356 Scottish & Newcastle PLC 17,073 186,954 Serco Group PLC 1,820 13,607 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree International Consumer Non-Cyclical Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Shire PLC 955 $ 19,794 Smith & Nephew PLC 5,077 52,961 SSL International PLC 1,720 12,447 St. Ives Group PLC 3,341 19,290 Tate & Lyle PLC 7,300 109,797 Tesco PLC 79,349 628,180 Thorntons PLC 1,676 4,600 Unilever PLC 19,990 558,683 Uniq PLC 2,436 10,834 Wm Morrison Supermarkets PLC 20,913 104,167 Wolverhampton & Dudley Breweries (The) PLC 947 33,547 ----------- Total United Kingdom 8,606,461 ----------- TOTAL INVESTMENTS IN SECURITIES--99.8% (Cost: $20,852,800) (a) 21,280,178 Cash, Foreign Cash and Other Assets in Excess of Liabilities--0.2% 41,836 ----------- NET ASSETS--100.0% $21,322,014 =========== * Non-income producing security. (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 6 WisdomTree International Consumer Non-Cyclical Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Pharmaceuticals 30.7% Food 29.7% Beverages 11.2% Commercial Services 9.5% Agriculture 8.7% Cosmetics/Personal Care 4.6% Healthcare-Products 2.0% Household Products/Wares 1.9% Healthcare-Services 1.2% Biotechnology 0.3% + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Energy Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.7% Australia--13.7% Australian Pipeline Trust 10,436 $ 34,548 Caltex Australia Ltd. 36,518 662,020 Centennial Coal Co., Ltd. 6,528 14,561 Gloucester Coal Ltd. 1,556 4,943 MacArthur Coal Ltd. 10,837 46,980 New Hope Corp., Ltd. 25,303 28,320 Origin Energy Ltd. 129,808 846,142 Santos Ltd. 80,081 622,993 Woodside Petroleum Ltd. 25,857 776,700 ----------- Total Australia 3,037,207 ----------- Austria--3.2% OMV AG 12,617 715,242 Schoeller-Bleckmann Oilfield Equipment AG 96 4,400 ----------- Total Austria 719,642 ----------- France--12.5% Bourbon S.A. 240 13,175 Technip S.A. 11,365 779,295 TOTAL S.A. 27,758 2,000,359 ----------- Total France 2,792,829 ----------- Hong Kong--3.7% CNOOC Ltd. 872,000 828,581 ----------- Italy--13.0% Cam Finanziara SpA 3,432 6,517 Eni SpA 61,951 2,081,504 ERG SpA 1,944 44,553 Saipem SpA 28,598 744,411 ----------- Total Italy 2,876,985 ----------- Japan--9.0% AOC Holdings, Inc. 400 6,549 Cosmo Oil Co., Ltd. 4,000 16,248 Japan Petroleum Exploration Co. 400 23,767 Nippon Mining Holdings Inc. 4,000 28,736 Nippon Oil Corp. 88,000 587,873 Showa Shell Sekiyu K.K. 56,400 630,480 TonenGeneral Sekiyu K.K. 72,000 712,417 ----------- Total Japan 2,006,070 ----------- Netherlands--0.3% Fugro N.V. 624 29,787 SBM Offshore N.V. 1,296 44,519 ----------- Total Netherlands 74,306 ----------- New Zealand--0.2% New Zealand Refining Co., Ltd. (The) 10,052 46,070 ----------- Norway--9.1% Norsk Hydro ASA 34,400 1,069,069 ProSafe ASA 1,600 22,742 Statoil ASA 35,400 939,531 ----------- Total Norway 2,031,342 ----------- Singapore--0.1% CH Offshore Ltd. 20,000 5,866 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Energy Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- KS Energy Services Ltd. 4,000 $ 6,518 Singapore Petroleum Co., Ltd. 4,000 11,367 ----------- Total Singapore 23,751 ----------- Spain--7.9% Cia Espanola de Petroleos S.A. 9,720 761,347 Repsol YPF, S.A. 28,890 998,110 ----------- Total Spain 1,759,457 ----------- United Kingdom--27.0% BG Group PLC 58,072 787,633 BP PLC 176,172 1,956,712 Burren Energy PLC 616 10,670 Expro International Group PLC 796 13,772 John Wood Group PLC 2,812 14,419 Royal Dutch Shell PLC Class A 48,139 1,696,146 Royal Dutch Shell PLC Class B 42,646 1,494,017 Tullow Oil PLC 2,736 21,312 ----------- Total United Kingdom 5,994,681 ----------- TOTAL INVESTMENTS IN SECURITIES--99.7% (Cost: $21,603,821) (a) 22,190,921 Cash, Foreign Cash and Other Assets in Excess of Liabilities--0.3% 75,189 ----------- NET ASSETS--100.0% $22,266,110 =========== (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 2 WisdomTree International Energy Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Oil & Gas 88.0% Oil & Gas Services 11.1% Coal 0.4% Pipelines 0.2% + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Financial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.4% Australia--11.6% Adelaide Bank Ltd. 243 $ 2,383 ALE Property Group 179 607 Allco Finance Group Ltd. 367 3,720 AMP Ltd. 3,193 25,419 ASX Ltd. 297 8,931 Australia & New Zealand Banking Group Ltd. 4,031 89,630 Australian Education Trust 226 330 AVJennings Ltd. 962 842 AXA Asia Pacific Holdings Ltd. 1,584 9,102 Bank of Queensland Ltd. 199 2,442 Bendigo Bank Ltd. 256 2,811 Cabcharge Australia Ltd. 180 1,319 Challenger Financial Services Group Ltd. 662 2,150 City Pacific Ltd. 789 2,767 Commonwealth Bank of Australia 3,103 121,017 Count Financial Ltd. 263 493 Galileo Shopping America Trust 2,991 2,900 Insurance Australia Group Ltd. 4,336 21,702 IOOF Holdings Ltd. 104 906 Lend Lease Corp. Ltd. 890 12,935 Macquarie Bank Ltd. 331 20,592 MFS Ltd. 181 659 Mortgage Choice Ltd. 278 585 National Australia Bank Ltd. 3,644 116,037 Peet Ltd. 292 893 Perpetual Ltd. 87 5,363 Promina Group Ltd. 2,208 12,043 QBE Insurance Group Ltd. 1,119 25,446 S8 Ltd. 167 777 St.George Bank Ltd. 1,276 33,190 Suncorp-Metway Ltd. 1,385 22,215 Timbercorp Ltd. 312 738 Tishman Speyer Office Fund 863 1,694 Westpac Banking Corp. 4,093 78,201 WHK Group Ltd. 282 520 ---------- Total Australia 631,359 ---------- Austria--0.6% Bank Austria Creditanstalt AG 134 21,169 Erste Bank der oesterreichischen Sparkassen AG 122 9,347 UNIQA Versicherungen AG 37 1,224 Wiener Stadtische AG 44 3,087 ---------- Total Austria 34,827 ---------- Belgium--3.8% Almancora SCA 63 8,972 Dexia N.V. 1,214 33,217 Fortis N.V. 2,666 113,622 Gimv N.V. 57 3,564 KBC Groep N.V. 398 48,756 ---------- Total Belgium 208,131 ---------- Bermuda--0.0% Hiscox Ltd. 424 2,326 ---------- Denmark--0.9% Codan A/S 25 2,428 Danske Bank A/S 1,000 44,400 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Financial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Sydbank A/S 50 $ 2,388 ---------- Total Denmark 49,216 ---------- Finland--0.5% OKO Bank PLC Class A 299 5,007 Sampo Oyj Class A 797 21,314 Sponda Oyj 199 3,149 ---------- Total Finland 29,470 ---------- France--9.8% Acanthe Developpement S.A. 258 1,232 April Group 15 720 Assurances Generales de France 248 38,622 AXA S.A. 3,041 122,986 Bail Investissement 70 6,798 BNP Paribas 1,204 131,220 CNP Assurances S.A. 147 16,399 Credit Agricole S.A. 879 36,929 Euler Hermes S.A. 46 6,648 Eurazeo 31 4,423 Foncia Groupe 15 732 Gecina S.A. 116 22,179 Klepierre 70 13,200 Mercialys 20 796 Natixis S.A. 420 11,786 SCOR 1,319 3,896 Societe Generale 583 98,864 Unibail 68 16,598 Viel et Compagnie 98 614 ---------- Total France 534,642 ---------- Germany--4.2% Allianz SE 394 80,404 AMB Generali Holding AG 40 5,776 AWD Holding AG 64 2,702 Commerzbank AG 410 15,598 DAB Bank AG 69 637 Deutsche Bank AG 356 47,573 Deutsche Beteiligungs AG 12 318 Deutsche Boerse AG 24 4,412 Deutsche EuroShop AG 23 1,703 Deutsche Postbank AG 131 11,050 Hypo Real Estate Holding AG 101 6,358 IKB Deutsche Industriebank AG 91 3,544 IVG Immobilien AG 66 2,832 MLP AG 49 972 MPC Munchmeyer Petersen Capital AG 27 2,379 Muenchener Ruckversicherungs Gesellschaft AG 244 41,963 ---------- Total Germany 228,221 ---------- Hong Kong--4.7% Bank of East Asia Ltd. 2,400 13,593 BOC Hong Kong (Holdings) Ltd. 18,000 48,835 Cheung Kong (Holdings) Ltd. 2,000 24,622 China Overseas Land & Investment Ltd. 4,000 5,370 Chong Hing Bank Ltd. 1,000 2,227 CITIC International Financial Holdings Ltd. 5,000 4,487 Dah Sing Banking Group Ltd. 400 903 Fubon Bank (Hong Kong) Ltd. 2,000 915 Hang Lung Group Ltd. 2,000 6,082 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International Financial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Hang Lung Properties Ltd. 5,000 $ 12,537 Hang Seng Bank Ltd. 3,700 50,572 Henderson Investment Ltd. 2,000 3,693 Henderson Land Development Co., Ltd. 2,000 11,186 Hong Kong Exchanges & Clearing Ltd. 1,000 10,994 Hopewell Holdings Ltd. 1,000 3,510 Hysan Development Co., Ltd. 1,000 2,617 Industrial & Commercial Bank of China Asia Ltd. 2,000 3,857 Kowloon Development Co., Ltd. 1,000 1,774 New World Development Ltd. 3,000 6,041 Shenzhen Investment Ltd. 2,000 833 Silver Grant International Industries Ltd. 2,000 527 Sino Land Co. 2,000 4,670 Sun Hung Kai Properties Ltd. 2,000 22,976 Wheelock & Co., Ltd. 1,000 1,900 Wing Hang Bank Ltd. 500 5,883 Wing Lung Bank Ltd. 300 3,144 ---------- Total Hong Kong 253,748 ---------- Ireland--1.5% Allied Irish Banks PLC 1,164 34,720 Anglo Irish Bank Corp. PLC 285 5,882 Bank of Ireland 1,193 27,530 Depfa Bank PLC 249 4,449 FBD Holdings PLC 22 1,198 Irish Life & Permanent PLC 298 8,252 McInerney Holdings PLC 24 458 ---------- Total Ireland 82,489 ---------- Italy--8.4% Aedes SpA 116 939 Alleanza Assicurazioni SpA 1,175 15,665 Assicurazioni Generali SpA 715 31,368 Azimut Holding SpA 31 415 Banca Carige SpA 803 3,820 Banca CR Firenze 812 2,730 Banca IFIS SpA 20 267 Banca Intermobiliare SpA 167 1,841 Banca Lombarda e Piemontese SpA 363 8,228 Banca Monte dei Paschi di Siena SpA 1,635 10,570 Banca Popolare dell'Emilia Romagna S.c.r.l. 162 3,973 Banca Popolare dell'Etruria e del Lazio 30 618 Banca Popolare di Intra S.c.r.l. 26 479 Banca Popolare di Milano S.c.r.l. 196 3,399 Banca Popolare di Sondrio Scarl 120 2,298 Banca Popolare Italiana 1,081 15,409 Banca Profilo SpA 284 903 Banche Popolari Unite S.c.r.l. 420 11,531 Banco di Desio e della Brianza SpA 55 616 Banco Popolare di Verona e Novara S.c.r.l. 314 9,006 Beni Stabili SpA 1,434 2,286 Capitalia SpA 3,026 28,610 Credito Artigiano SpA 197 961 Credito Emiliano SpA 240 3,393 Ergo Previdenza SpA 118 782 Fondiaria-SAI SpA 157 7,503 IMMSI SpA 147 413 Intesa Sanpaolo SpA 10,684 82,418 Mediobanca SpA 877 20,689 Mediolanum SpA 635 5,171 Milano Assicurazioni SpA 767 6,245 Mittel SpA 60 447 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree International Financial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Piccolo Credito Valtellinese Scarl 121 $ 1,950 Pirelli & C. Real Estate SpA 55 3,771 Premafin Finanziaria SpA 73 238 Risanamento SpA 52 562 Sanpaolo IMI SpA 1,865 43,283 Societa Cattolica di Assicurazioni S.c.r.l. 63 3,741 UniCredito Italiano SpA 12,622 110,516 Unipol SpA 2,508 9,029 Vittoria Assicurazioni SpA 16 257 ---------- Total Italy 456,340 ---------- Japan--3.8% Acom Co., Ltd. 110 3,693 Aeon Credit Service Co., Ltd. 100 1,892 Aiful Corp. 50 1,406 Aomori Bank Ltd. (The) 1,000 4,104 Bank of Iwate Ltd. (The) 100 5,581 Bank of Saga Ltd. (The) 1,000 3,777 Century Leasing System, Inc. 100 1,302 Chukyo Bank Ltd. (The) 1,000 2,946 Cosmo Securities Co., Ltd. 1,000 1,670 Daisan Bank Ltd. (The) 1,000 3,357 Daito Trust Construction Co., Ltd. 100 4,582 Daiwa Securities Group, Inc. 1,000 11,204 Eighteenth Bank Ltd. (The) 1,000 4,960 Fuyo General Lease Co., Ltd. 100 3,004 Goldcrest Co., Ltd. 10 515 Hitachi Capital Corp. 100 1,905 IBJ Leasing Co., Ltd. 100 2,467 Japan Securities Finance Co., Ltd. 100 1,209 Michinoku Bank Ltd. (The) 1,000 3,273 Mie Bank Ltd. (The) 1,000 5,111 Mitsubishi UFJ Financial Group, Inc. 2 24,674 Miyazaki Bank Ltd. (The) 1,000 4,918 Mizuho Financial Group, Inc. 2 14,267 Mizuho Trust & Banking Co., Ltd. 1,000 2,216 Nikko Cordial Corp. 500 5,728 NIS GROUP Co., Ltd. 1,100 499 Nomura Holdings, Inc. 700 13,189 Oita Bank Ltd. (The) 1,000 6,907 OMC Card, Inc. 100 781 Promise Co., Ltd. 100 3,105 Ricoh Leasing Co., Ltd. 100 2,593 Sanyo Shinpan Finance Co., Ltd. 20 498 Shinki Co., Ltd. 100 330 Sumitomo Mitsui Financial Group, Inc. 1 10,239 Sumitomo Real Estate Sales Co., Ltd. 10 760 Sumitomo Trust & Banking Co., Ltd. (The) 1,000 10,474 T&D Holdings, Inc. 50 3,302 Takefuji Corp. 120 4,743 TOC Co., Ltd. 500 2,518 Tochigi Bank Ltd. (The) 1,000 6,890 Tokyo Leasing Co., Ltd. 100 1,503 UFJ Central Leasing Co., Ltd. 100 4,750 Yamagata Bank Ltd. (The) 1,000 5,178 Yamanashi Chuo Bank Ltd. (The) 1,000 6,563 ---------- Total Japan 204,583 ---------- Netherlands--6.0% ABN AMRO Holding N.V. 3,245 104,194 Aegon N.V. 2,021 38,483 BinckBank N.V. 15 290 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree International Financial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Corio N.V. 132 $ 10,774 Eurocommercial Properties N.V. 70 3,490 Euronext N.V. 45 5,311 ING Groep N.V. 3,062 135,626 Nieuwe Steen Investments N.V. 91 2,683 Rodamco Europe N.V. 146 19,405 Van der Moolen Holding N.V. 35 205 VastNed Offices 46 1,805 VastNed Retail N.V. 25 2,538 Wereldhave N.V. 31 4,125 ---------- Total Netherlands 328,929 ---------- New Zealand--0.0% Infratil Ltd. 300 1,153 ---------- Norway--0.9% ABG Sundal Collier ASA 1,000 2,088 Acta Holding ASA 1,000 5,300 Aktiv Kapital ASA 100 1,502 DnB NOR ASA 2,100 29,849 Sparebanken Midt-Norge 100 1,317 Storebrand ASA 600 7,642 ---------- Total Norway 47,698 ---------- Portugal--0.6% Banco BPI, S.A. 583 4,543 Banco Comercial Portugues, S.A. Class R 4,161 15,363 Banco Espirito Santo, S.A. 613 11,009 Finibanco Holding, SGPS, S.A. 93 462 ---------- Total Portugal 31,377 ---------- Singapore--2.1% Allgreen Properties Ltd. 2,000 1,708 Ascendas Real Estate Investment Trust 2,000 3,480 Ascott Group Ltd. (The) 1,000 1,049 CapitaCommercial Trust 1,000 1,708 CapitaLand Ltd. 1,000 4,041 CapitaMall Trust Management Ltd. 2,000 3,793 DBS Group Holdings Ltd. 2,000 29,460 Fortune Real Estate Investment Trust 1,000 759 GK Goh Holdings Ltd. 1,000 577 Guocoland Ltd. 1,000 1,688 Hong Leong Finance Ltd. 1,000 2,490 Macquarie MEAG Prime Real Estate Investment Trust 1,000 763 Mapletree Logistics Trust 1,000 776 MCL Land Ltd. 1,000 1,115 Oversea-Chinese Banking Corp. Ltd. 4,000 20,074 Singapore Exchange Ltd. 1,000 3,715 Suntec Real Estate Investment Trust 3,000 3,559 United Industrial Corp., Ltd. 1,000 1,362 United Overseas Bank Ltd. 2,000 25,288 UOB Kay Hian Holdings Ltd. 2,000 1,721 UOL Group Ltd. 1,000 2,829 Wing Tai Holdings Ltd. 1,000 1,486 ---------- Total Singapore 113,441 ---------- Spain--5.8% Banco Bilbao Vizcaya Argentaria, Chile, S.A. 4,036 97,075 Banco de Valencia S.A. 25 1,254 Banco Pastor S.A. 85 1,653 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree International Financial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Banco Popular Espanol, S.A. 1,423 $ 25,764 Banco Sabadell S.A. 276 12,341 Banco Santander Central Hispano S.A. 8,371 156,083 Bankinter, S.A. 67 5,266 Corporacion Financiera Alba 8 597 Corporacion Mapfre S.A. 895 4,036 Dinamia 13 403 Fadesa Inmobiliaria S.A. 42 1,947 Metrovacesa, S.A. 61 10,336 ---------- Total Spain 316,755 ---------- Sweden--3.3% Castellum AB 200 2,667 D. Carnegie & Co. AB 200 4,311 Fabege AB 200 5,363 Investment AB Kinnevik Class B 100 1,681 Investor AB Class A 400 9,703 Investor AB Class B 400 9,820 Kungsleden AB 200 3,069 LE Lundbergforetagen AB Class B 50 3,244 Nordea Bank AB 3,800 58,585 Oresund Investment AB 100 2,623 Ratos AB Class B 200 4,749 Skandinaviska Enskilda Banken AB Class A 600 19,071 Svenska Handelsbanken AB Class A 800 24,200 Swedbank AB Class A 800 29,052 ---------- Total Sweden 178,138 ---------- Switzerland--4.6% Baloise Holding AG 51 5,089 Converium Holding AG 37 496 Credit Suisse Group 1,296 90,509 Julius Baer Holding Ltd. 37 4,068 Pargesa Holding S.A. 53 6,026 Swiss Reinsurance Co. 369 31,317 UBS AG 1,841 111,679 Vontobel Holding AG 83 3,583 ---------- Total Switzerland 252,767 ---------- United Kingdom--26.3% 3i Group PLC 347 6,855 Aberdeen Asset Management PLC 467 1,737 Admiral Group PLC 175 3,764 Alliance & Leicester PLC 847 18,865 Amlin PLC 760 4,838 Amvescap PLC 613 7,150 Atrium Underwriting PLC 101 510 Aviva PLC 3,597 57,867 Barclays PLC 11,480 164,017 Beazley Group PLC 578 1,572 Bradford & Bingley PLC 1,053 9,691 Brewin Dolphin Holdings PLC 229 833 Brit Insurance Holdings PLC 954 5,895 British Land Co. PLC 280 9,393 Brixton PLC 278 3,134 Capital & Regional PLC 48 1,449 Cattles PLC 597 5,132 Charles Taylor Consulting PLC 40 307 Chaucer Holdings PLC 584 1,143 Chesnara PLC 322 1,108 Close Brothers Group PLC 178 3,541 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree International Financial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Collins Stewart PLC* 106 $ 527 Datamonitor PLC 48 503 Derwent Valley Holdings PLC 19 780 Domestic & General Group PLC 45 1,100 DTZ Holdings PLC 28 458 Erinaceous Group PLC 86 583 F&C Asset Management PLC 1,061 4,381 Friends Provident PLC 3,748 15,918 Grainger Trust PLC 51 694 Great Portland Estates PLC 162 2,199 Hammerson PLC 209 6,451 Hardy Underwriting Group PLC 58 292 HBOS PLC 6,256 138,601 Helical Bar PLC 38 353 Highway Insurance Holdings PLC 616 940 Hitachi Capital UK PLC 89 447 HSBC Holdings PLC 19,333 352,267 ICAP PLC 440 4,121 Intermediate Capital Group PLC 97 3,218 Investec PLC 416 5,369 Jardine Lloyd Thompson Group PLC 494 4,066 Kensington Group PLC 43 665 Kiln PLC 435 1,047 Land Securities Group PLC 549 24,959 Legal & General Group PLC 3,376 10,407 Liberty International PLC 382 10,437 Liontrust Asset Management PLC 39 279 Lloyds TSB Group PLC 15,654 175,092 London Merchant Securities 345 2,063 London Scottish Bank PLC 303 676 London Stock Exchange Group PLC 76 1,949 Man Group PLC 1,354 13,853 McKay Securities PLC 51 456 Minerva PLC 55 436 Northern Rock PLC 463 10,675 Numis Corp. PLC 42 230 Old Mutual PLC 7,497 25,567 Paragon Group of Cos. PLC 94 1,230 Primary Health Properties PLC 29 304 Provident Financial PLC 608 8,347 Prudential PLC 2,628 35,978 Quintain Estates & Development PLC 93 1,556 RAB Capital PLC 159 327 Rathbone Brothers PLC 48 1,125 Rensburg Sheppards PLC 30 495 Resolution PLC 165 2,072 Royal Bank of Scotland Group (The) PLC 4,636 180,831 Schroders PLC Non-voting class 193 4,215 Schroders PLC 66 1,351 Shaftesbury PLC 55 844 Slough Estates PLC 567 8,717 Songbird Estates PLC Class B 1,162 7,948 St. James's Place PLC 178 1,497 St. Modwen Properties PLC 94 1,076 Standard Chartered PLC 1,393 40,677 Tullett Prebon PLC* 106 1,348 Unite Group PLC 31 332 Warner Estate Holdings PLC 64 1,083 Wellington Underwriting PLC 818 2,001 Workspace Group PLC 81 789 ---------- Total United Kingdom 1,435,003 ---------- See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree International Financial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $4,993,421) $5,420,613 ---------- RIGHTS*--0.0% Singapore--0.0% Allgreen Properties Ltd., expiring 1/09/07 (Cost: $0) 1,000 462 ---------- TOTAL INVESTMENTS IN SECURITIES--99.4% (Cost: $4,993,421) (a) 5,421,075 Foreign Cash and Other Assets in Excess of Liabilities--0.6% 31,724 ---------- NET ASSETS--100.0% $5,452,799 ========== * Non-income producing security. (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 8 WisdomTree International Financial Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Banks 65.2% Insurance 16.6% Diversified Financial Services 9.2% Real Estate 5.2% REITS 2.2% Investment Companies 0.8% Venture Capital 0.2% + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Industrial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.7% Australia--8.3% Adelaide Brighton Ltd. 4,989 $ 11,050 Amcor Ltd. 7,434 42,482 Ansell Ltd. 412 3,653 Boral Ltd. 4,746 28,542 Bradken Ltd. 904 5,700 Coffey International Ltd. 695 2,246 Crane Group Ltd. 619 6,479 CSR Ltd. 6,535 19,316 Downer EDI Ltd. 1,798 9,906 Futuris Corp., Ltd. 5,673 8,809 GUD Holdings Ltd. 915 6,375 GWA International Ltd. 3,446 10,267 Hills Industries Ltd. 2,068 9,161 Leighton Holdings Ltd. 1,810 28,847 Monadelphous Group Ltd. 541 4,013 Orica Ltd. 1,621 31,047 Rinker Group Ltd. 2,584 36,763 Sims Group Ltd. 1,449 23,093 Toll Holdings Ltd. 1,476 21,255 Transfield Services Ltd. 1,102 8,330 United Group Ltd. 809 8,895 Wesfarmers Ltd. 4,578 135,460 WorleyParsons Ltd. 600 10,064 ---------- Total Australia 471,753 ---------- Austria--0.8% Andritz AG 31 6,716 AT&S Austria Technologie & Systemtechnik AG 73 2,190 Flughafen Wien AG 104 10,203 Semperit AG Holding 93 3,448 Wienerberger AG 352 20,887 ---------- Total Austria 43,444 ---------- Belgium--1.6% Agfa-Gevaert N.V. 634 16,185 Barco N.V. 55 5,004 Bekaert S.A. 81 10,115 Compagnie Maritime Belge S.A. 799 34,358 Euronav N.V. 653 19,495 EVS Broadcast Equipment S.A. 59 3,408 ---------- Total Belgium 88,565 ---------- Denmark--0.8% A/S Dampskibsselskabet TORM 500 32,725 FLSmidth & Co. A/S 100 6,351 NKT Holding A/S 75 6,627 ---------- Total Denmark 45,703 ---------- Finland--1.9% Aspo Oyj 252 2,260 Elektrobit Group Oyj 607 1,649 Finnlines Oyj 202 4,582 Fiskars Oyj Abp Class A 354 5,737 Huhtamaki Oyj 455 8,928 KCI Konecranes Oyj 151 4,440 Lassila & Tikanoja Oyj 101 2,885 Metso Oyj 505 25,465 Ponsse Oyj 141 2,417 Scanfil Oyj 404 1,263 Uponor Corp. 404 15,108 Vaisala Oyj Class A 101 4,404 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Industrial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Wartsila Oyj Class B 304 $ 16,360 YIT Oyj 505 13,951 ---------- Total Finland 109,449 ---------- France--15.1% Bouygues S.A. 1,444 92,598 CFF RECYCLING 61 2,445 Cie de Saint-Gobain S.A. 1,681 141,089 Ciments Francais 117 22,448 EIFFAGE 248 23,562 Imerys S.A. 339 30,129 Lafarge S.A. 914 135,830 Manitou BF S.A. 154 7,717 Nexans S.A. 79 10,105 Schneider Electric S.A. 1,276 141,506 Ste Industrielle d'Aviation Latecoere S.A. 52 1,632 Thales S.A. 910 45,335 Vallourec S.A. 93 27,017 VINCI S.A. 1,240 158,280 Zodiac S.A. 189 12,686 ---------- Total France 852,379 ---------- Germany--10.8% Bilfinger Berger AG 122 8,922 Deutsche Post AG 6,259 188,507 Fraport AG Frankfurt Airport Services Worldwide 199 14,175 Heidelberger Druckmaschinen AG 104 4,921 HOCHTIEF AG 185 13,466 Indus Holding AG 118 4,606 Kloeckner-Werke AG 635 9,295 KRONES AG 21 3,208 Leoni AG 90 3,670 Linde AG 416 42,930 MAN AG 387 34,936 Norddeutsche Affinerie AG 283 7,930 Rheinmetall AG 84 6,367 Siemens AG 2,695 267,031 Vossloh AG 71 5,350 ---------- Total Germany 615,314 ---------- Hong Kong--1.1% Hong Kong Aircraft Engineering Co. Ltd. 400 5,452 Hung Hing Printing Group Ltd. 6,000 3,379 MTR Corp. 18,500 46,528 Singamas Container Holdings Ltd. 4,000 1,826 Techtronic Industries Co. Ltd. 3,500 4,536 ---------- Total Hong Kong 61,721 ---------- Ireland--1.0% CRH PLC 1,238 51,554 Kingspan Group PLC 215 5,699 ---------- Total Ireland 57,253 ---------- Italy--1.2% Astaldi SpA 230 1,715 BUZZI UNICEM SpA 428 12,151 Caltagirone SpA 145 1,516 Cementir-Cementerie del Tirreno SpA 356 3,190 Finmeccanica SpA 985 26,666 Gewiss SpA 229 1,751 I.M.A.-Industria Macchine Automatiche SpA 206 3,056 Interpump Group SpA 279 2,522 Italcementi SpA 421 11,864 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International Industrial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Navigazione Montanari SpA 406 $ 2,034 Permasteelisa SpA 88 1,630 Premuda SpA 887 1,847 ---------- Total Italy 69,942 ---------- Japan--17.0% Achilles Corp. 1,000 1,670 Advantest Corp. 100 5,724 Aichi Corp. 100 971 Airport Facilities Co., Ltd. 200 1,170 Alps Electric Co., Ltd. 400 4,334 Amada Co., Ltd. 1,000 10,583 Amano Corp. 200 2,508 Asahi Glass Co., Ltd. 2,000 24,002 Asahi Organic Chemicals Industry Co., Ltd. 1,000 4,146 Asahi Pretec Corp. 100 1,997 Casio Computer Co., Ltd. 300 6,798 Chofu Seisakusho Co., Ltd. 100 2,018 Chudenko Corp. 100 1,562 CKD Corp. 100 1,045 Cleanup Corp. 200 1,615 CMK Corp. 100 1,036 Cosel Co., Ltd. 100 1,600 Daiichi Chuo Kisen Kaisha 1,000 2,409 Daikin Industries Ltd. 200 6,949 East Japan Railway Co. 6 40,032 Ebara Corp. 1,000 3,827 Fanuc Ltd. 200 19,671 Fuji Electric Holdings Co., Ltd. 1,000 5,413 FUJIFILM Holdings Corp. 500 20,519 Fujitsu Devices, Inc. 1,000 14,015 Fukuyama Transporting Co., Ltd. 1,000 3,785 Futaba Corp. 200 4,675 Hamamatsu Photonics K.K. 100 2,996 Hankyu Hanshin Holdings, Inc. 1,000 5,707 Hibiya Engineering Ltd. 1,000 9,190 Hitachi Cable Ltd. 1,000 5,606 Hitachi Construction Machinery Co., Ltd. 200 5,371 Hitachi Ltd. 7,000 43,589 Hitachi Transport System Ltd. 200 2,090 Hoya Corp. 800 31,152 Ibiden Co., Ltd. 100 5,035 Idec Corp. 100 1,551 Iino Kaiun Kaisha Ltd. 300 2,903 Japan Airport Terminal Co., Ltd. 200 2,348 Japan Foundation Engineering Co., Ltd. 300 974 JS Group Corp. 900 18,921 Kaga Electronics Co., Ltd. 100 1,788 Kajima Corp. 2,000 8,762 Kawasaki Heavy Industries Ltd. 1,000 3,751 Kawasaki Kisen Kaisha Ltd. 2,000 15,627 Keio Corp. 1,000 6,462 Kintetsu Corp. 2,000 5,824 Komatsu Ltd. 900 18,241 Kubota Corp. 2,000 18,497 Kurita Water Industries Ltd. 200 4,314 Kyocera Corp. 300 28,248 Mabuchi Motor Co., Ltd. 100 5,942 Makita Corp. 200 6,126 Maruichi Steel Tube Ltd. 300 8,283 Maruzen Showa Unyu Co., Ltd. 1,000 3,399 Matsushita Electric Works Ltd. 1,000 11,573 Minebea Co., Ltd. 1,000 6,983 MISUMI Group, Inc. 100 1,913 Mitsubishi Electric Corp. 2,000 18,228 Mitsubishi Heavy Industries Ltd. 4,000 18,161 Mitsui Engineering & Shipbuilding Co., Ltd. 1,000 3,248 See Notes to Schedule of Investments. 3 Schedule of Investments (unaudited) (continued) WisdomTree International Industrial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Mitsui O.S.K. Lines Ltd. 4,000 $ 39,411 Mitsumi Electric Co., Ltd. 200 4,398 Miura Co., Ltd. 100 2,535 Nagoya Railroad Co., Ltd. 1,000 2,971 NEC Corp. 3,000 14,326 NEC Networks & System Integration Corp. 100 1,189 Nichicon Corp. 200 2,452 Nichiha Corp. 100 1,321 Nidec Copal Corp. 200 2,352 Nidec Copal Electronics Corp. 200 1,250 Nihon Yamamura Glass Co., Ltd. 1,000 2,711 Nippon Densetsu Kogyo Co., Ltd. 1,000 6,915 Nippon Express Co., Ltd. 2,000 10,927 Nippon Koei Co., Ltd. 1,000 2,694 Nippon Sheet Glass Co., Ltd. 1,000 4,683 Nippon Signal Co., Ltd. (The) 200 1,484 Nippon Valqua Industries Ltd. 1,000 3,374 Nippon Yusen K.K. 4,000 29,206 Nishimatsu Construction Co., Ltd. 1,000 3,298 Nishi-Nippon Railroad Co., Ltd. 1,000 3,684 Nitto Kogyo Corp. 100 1,637 Nitto Kohki Co., Ltd. 100 2,174 NSK Ltd. 1,000 9,844 NTN Corp. 1,000 8,955 Obayashi Corp. 1,000 6,479 Odakyu Electric Railway Co., Ltd. 1,000 6,387 Okumura Corp. 1,000 4,943 Onoken Co., Ltd. 100 1,117 OSG Corp. 200 3,273 Raito Kogyo Co., Ltd. 300 879 Rinnai Corp. 100 2,988 Ryosan Co., Ltd. 100 2,497 Sagami Railway Co., Ltd. 1,000 3,340 Sankyo-Tateyama Holdings Inc. 1,000 2,266 Sanshin Electronics Co., Ltd. 1,000 12,698 Sanwa Shutter Corp. 1,000 5,908 Sanyo Denki Co., Ltd. 1,000 7,075 Sato Corp. 100 1,775 Sharp Corp. 2,000 34,409 Shimizu Corp. 2,000 9,987 Shin-Etsu Polymer Co., Ltd. 100 1,397 Shinwa Kaiun Kaisha Ltd. 1,000 3,970 Stanley Electric Co., Ltd. 300 6,005 Star Micronics Co., Ltd. 100 1,993 Sumida Corp. 100 2,006 Sumitomo Electric Industries Ltd. 800 12,488 Sumitomo Osaka Cement Co., Ltd. 1,000 3,265 Taiheiyo Cement Corp. 1,000 3,911 Taikisha Ltd. 200 2,365 Taisei Corp. 2,000 6,093 Tenma Corp. 100 1,800 THK Co., Ltd. 200 5,153 TOA CORP. 1,000 932 Tobu Railway Co., Ltd. 1,000 4,826 Toda Corp. 1,000 4,238 Tokai Rubber Industries, Inc. 200 3,399 Tokyo Kikai Seisakusho Ltd. 1,000 2,795 Tokyu Corp. 1,000 6,395 Tonami Transportation Co., Ltd. 1,000 2,467 Toshiba Corp. 4,000 26,017 Toshiba TEC Corp. 1,000 5,145 Toyo Corp./Chuo-ku 100 1,240 Toyo Seikan Kaisha Ltd. 200 3,308 Toyota Industries Corp. 400 18,363 Tsubaki Nakashima Co., Ltd. 200 3,105 Ushio Inc. 200 4,104 Yamatake Corp. 100 2,220 Yamato Holdings Co., Ltd. 1,000 15,358 See Notes to Schedule of Investments. 4 Schedule of Investments (unaudited) (continued) WisdomTree International Industrial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Yokogawa Electric Corp. 300 $ 4,751 Yurtec Corp. 1,000 4,943 ---------- Total Japan 960,741 ---------- Netherlands--6.6% Aalberts Industries N.V. 55 4,750 Arcadis N.V. 40 2,463 Boskalis Westminster 90 8,901 European Aeronautic Defence & Space Co. N.V. 3,092 106,417 Heijmans N.V. 135 7,416 Koninklijke BAM Groep N.V. 453 8,775 Koninklijke Philips Electronics N.V. 3,705 139,581 Koninklijke Vopak N.V. 209 9,809 Smit Internationale N.V. 98 5,279 Stork N.V. 135 7,082 Ten Cate N.V. 87 2,663 TNT N.V. 1,612 69,254 ---------- Total Netherlands 372,390 ---------- New Zealand--1.1% Auckland International Airport Ltd. 11,014 17,007 Fletcher Building Ltd. 4,148 32,319 Freightways Ltd. 1,317 4,225 Mainfreight Ltd. 365 2,059 Steel & Tube Holdings Ltd. 1,383 4,729 ---------- Total New Zealand 60,339 ---------- Norway--0.5% Aker Yards AS 120 9,309 Camillo Eitzen & Co. AS 300 3,252 Solstad Offshore ASA 100 2,200 Tomra Systems ASA 200 1,381 Veidekke ASA 200 7,613 Wilh. Wilhelmsen ASA Class A 150 5,722 ---------- Total Norway 29,477 ---------- Portugal--0.8% CIMPOR-Cimentos de Portugal SGPS, S.A. 3,541 29,370 Mota-Engil, SGPS, S.A. 733 4,968 Semapa-Sociedade de Investimento e Gestao, SGPS, S.A. 942 10,981 ---------- Total Portugal 45,319 ---------- Singapore--2.4% Chuan Hup Holdings Ltd. 28,000 5,749 ComfortDelgro Corp., Ltd. 13,000 13,641 Cosco Corp. (Singapore) Ltd. 3,000 4,497 Delong Holdings Ltd. 23,000 2,024 Elec & Eltek International Co., Ltd. 2,000 5,580 Hi-P International Ltd. 3,000 1,701 Hong Leong Asia Ltd. 2,000 2,216 Jaya Holdings Ltd. 6,000 5,788 Jurong Technologies Industrial Corp., Ltd. 2,000 1,408 Labroy Marine Ltd. 1,000 1,225 MFS Technology Ltd. 2,000 1,193 MMI Holding Ltd. 3,000 2,053 Pan-United Corp., Ltd. 4,000 1,551 Pan-United Marine Ltd. 3,000 2,542 Samudera Shipping Line Ltd. 8,000 1,773 SBS Transit Ltd. 2,500 3,959 SembCorp Industries Ltd. 6,000 15,017 SembCorp Marine Ltd. 7,000 15,512 Singapore Post Ltd. 17,000 12,077 Singapore Technologies Engineering Ltd. 6,000 12,045 See Notes to Schedule of Investments. 5 Schedule of Investments (unaudited) (continued) WisdomTree International Industrial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- SMRT Corp., Ltd. 13,000 $ 10,083 Unisteel Technology Ltd. 1,000 1,662 United Engineers Ltd. 1,000 1,610 Venture Corp., Ltd. 1,000 8,799 WBL Corp., Ltd. 1,000 2,920 ---------- Total Singapore 136,625 ---------- Spain--4.3% Abengoa S.A. 90 3,300 Acciona, S.A. 144 26,793 ACS, Actividades Construccion y Servicios, S.A. 764 43,028 Duro Felguera S.A. 214 2,097 Fomento de Construcciones y Contratas S.A. 479 48,762 Gamesa Corp Tecnologica S.A. 350 9,623 Grupo Ferrovial S.A. 319 31,107 Obrascon Huarte Lain, S.A. 147 4,536 Sacyr Vallehermoso, S.A. 727 43,140 Tubacex S.A. 273 1,778 Zardoya-Otis S.A. 1,037 31,424 ---------- Total Spain 245,588 ---------- Sweden--10.3% AB Volvo Class A 1,000 71,020 AB Volvo Class B 2,100 144,694 Alfa Laval AB 400 18,062 Assa Abloy AB Class B 1,400 30,485 Atlas Copco AB Class A 1,400 47,054 Atlas Copco AB Class B 800 25,954 Brostrom AB Class B 300 6,576 Cardo AB 200 7,599 Hexagon AB Class B 100 4,274 Hoganas AB Class B 200 5,246 JM AB 400 9,703 Munters AB 100 4,632 NCC AB Class B 300 8,220 Nibe Industrier AB Class B 200 3,361 Peab AB 300 7,124 Saab AB Class B 400 12,275 Sandvik AB 5,600 81,427 Skanska AB Class B 2,400 47,348 SKF AB Class B 2,200 40,670 Trelleborg AB Class B 400 9,586 ---------- Total Sweden 585,310 ---------- Switzerland--1.7% Holcim Ltd. 614 56,184 Kuehne + Nagel International AG 238 17,284 Panalpina Welttransport Holding AG 63 8,578 Schindler Holding AG Participating Shares 111 6,970 Schindler Holding AG 157 9,775 ---------- Total Switzerland 98,791 ---------- United Kingdom--12.4% Abacus Group PLC 543 2,003 Abbot Group PLC 523 3,255 Aga Foodservice Group PLC 495 4,185 Alfred McAlpine PLC 492 5,575 Amec PLC 1,740 14,354 Arriva PLC 1,217 18,197 BAE SYSTEMS PLC 14,316 119,289 Balfour Beatty PLC 1,565 13,569 BBA Aviation PLC 3,281 17,563 Business Post Group PLC 504 4,330 Carillion PLC 1,172 9,101 See Notes to Schedule of Investments. 6 Schedule of Investments (unaudited) (continued) WisdomTree International Industrial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Castings PLC 301 $ 1,561 Chemring Group PLC 56 1,732 Chloride Group PLC 838 2,591 Clarkson PLC 92 1,477 Cobham PLC 3,671 13,920 Dart Group PLC 748 1,815 Delta PLC 704 2,198 Electrocomponents PLC 5,486 31,485 Ennstone PLC 1,697 1,553 Fenner PLC 822 3,483 Firstgroup PLC 2,227 25,062 FKI PLC 4,212 8,511 Galliford Try PLC 922 2,959 Go-Ahead Group PLC 252 11,704 Halma PLC 2,295 10,353 Hanson PLC 3,792 57,183 Hill & Smith Holdings PLC 322 1,708 IMI PLC 1,984 19,687 James Fisher & Sons PLC 176 2,084 James Halstead PLC 452 4,567 Keller Group PLC 227 3,996 Laird Group PLC 753 6,087 Marshalls PLC 956 6,642 Meggitt PLC 1,760 10,678 Metalrax Group PLC 1,665 2,086 M J Gleeson Group PLC 220 1,658 Morgan Sindall PLC 164 4,263 National Express Group PLC 320 7,077 Photo-Me International PLC 1,525 2,679 Premier Farnell PLC 3,040 11,751 Renishaw PLC 276 4,046 Rexam PLC 3,509 36,089 Ricardo PLC 276 1,787 ROK PLC 116 2,056 Rotork PLC 323 5,279 RPC Group PLC 528 2,614 Senior PLC 1,906 2,387 Severfield-Rowen PLC 83 2,240 Shanks Group PLC 1,417 6,338 SIG PLC 368 7,418 Smiths Group PLC 3,142 60,971 Spectris PLC 510 7,820 Spirax-Sarco Engineering PLC 317 6,204 Stagecoach Group PLC 6,003 17,976 TDG PLC 925 4,825 Titan Europe PLC 375 1,756 Travis Perkins PLC 464 18,017 TT electronics PLC 1,707 8,686 Ultra Electronics Holdings PLC 183 3,893 Umeco PLC 213 1,984 Vitec Group (The) PLC 209 2,162 VT Group PLC 661 6,148 Wagon PLC 830 2,554 Weir Group (The) PLC 1,022 10,681 Whatman PLC 339 1,758 White Young Green PLC 217 1,937 WSP Group PLC 167 1,871 ---------- Total United Kingdom 703,468 ---------- See Notes to Schedule of Investments. 7 Schedule of Investments (unaudited) (continued) WisdomTree International Industrial Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES--99.7% (Cost: $4,998,299) (a) $5,653,571 Cash, Foreign Cash and Other Assets in Excess of Liabilities----0.3% 19,557 ---------- NET ASSETS--100.0% $5,673,128 ========== (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 8 WisdomTree International Industrial Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Engineering & Construction 17.1% Building Materials 15.2% Transportation 15.1% Miscellaneous Manufacturers 13.4% Electronics 8.0% Machinery-Diversified 7.7% Aerospace/Defense 6.5% Electrical Components & Equipment 6.4% Metal Fabricate/Hardware 3.3% Hand/Machine Tools 2.3% Machinery-Construction & Mining 1.9% Packaging & Containers 1.7% Shipbuilding 0.7% Environmental Control 0.4% + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Technology Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.8% Australia--3.7% Computershare Ltd. 11,104 $ 77,894 HPAL Ltd. 13,706 20,256 MYOB Ltd. 21,766 19,901 Salmat Ltd. 11,252 36,717 Technology One Ltd. 24,636 18,253 UXC Ltd. 16,925 23,479 ---------- Total Australia 196,500 ---------- Belgium--0.8% Econocom Group S.A./N.V. 827 7,263 Melexis N.V. 1,953 35,539 ---------- Total Belgium 42,802 ---------- Finland--2.4% Comptel PLC 2,861 6,791 Perlos Oyj 845 3,911 TietoEnator Corp. 3,651 117,664 ---------- Total Finland 128,366 ---------- France--7.8% Capgemini 2,640 165,533 Dassault Systemes S.A. 1,742 92,343 Ingenico S.A. 407 10,439 Lectra 1,366 9,961 Neopost S.A. 946 118,694 Oberthur Card Systems S.A. 2,699 17,973 ---------- Total France 414,943 ---------- Germany--16.2% SAP AG 14,040 745,367 Software AG 680 53,568 Wincor Nixdorf AG 402 62,053 ---------- Total Germany 860,988 ---------- Hong Kong--1.6% Lenovo Group Ltd. 210,000 85,326 ---------- Japan--47.7% Canon Finetech Inc. 400 7,872 Canon Inc. 20,400 1,147,078 Capcom Co., Ltd. 1,200 21,602 CSK Holdings Corp. 300 12,790 Daiwabo Information System Co., Ltd. 500 7,217 FUJI SOFT, Inc. 200 4,733 Fujitsu Ltd. 17,000 133,255 Hitachi Information Systems Ltd. 700 14,980 Hitachi Software Engineering Co., Ltd. 800 14,334 Hitachi Systems & Services Ltd. 300 6,257 Information Services International-Dentsu, Ltd. 600 7,317 Itochu Techno-Solutions Corp. 600 31,874 Japan Digital Laboratory Co., Ltd. 500 7,763 Koei Co., Ltd. 1,500 25,366 Konami Corp. 3,500 105,745 Mimasu Semiconductor Industry Co., Ltd. 300 5,816 NEC Fielding Ltd. 1,300 17,882 NEC Mobiling Ltd. 300 5,161 Nihon Unisys Ltd. 500 8,162 Nomura Research Institute Ltd. 600 86,912 NS Solutions Corp. 500 14,057 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Technology Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- NSD Co., Ltd. 200 $ 6,345 OBIC Business Consultants Ltd. 250 17,121 Obic Co., Ltd. 70 14,469 Oracle Corp. Japan 4,100 189,593 Otsuka Corp. 200 20,310 Ricoh Co., Ltd. 9,000 183,543 Roland DG Corp. 300 9,064 Sanken Electric Co., Ltd. 1,000 12,328 Seiko Epson Corp. 2,200 53,451 Shinko Electric Industries 500 13,050 Square Enix Co., Ltd. 1,600 41,895 Sumco Corp. 500 42,214 Sumisho Computer Systems Corp. 800 18,296 TDK Corp. 1,400 111,149 Tokyo Electron Ltd. 1,400 110,209 Trans Cosmos, Inc. 400 8,359 ---------- Total Japan 2,537,569 ---------- Netherlands--5.6% Getronics N.V. 1,309 10,598 OCE N.V. 5,077 82,948 STMicroelectronics N.V. 11,065 205,294 ---------- Total Netherlands 298,840 ---------- Norway--0.2% EDB Business Partner ASA 1,000 8,874 ---------- Singapore--0.7% Creative Technology Ltd. 4,500 29,916 CSE Global Ltd. 10,000 8,343 ---------- Total Singapore 38,259 ---------- Spain--1.0% Indra Sistemas S.A. 2,261 55,485 ---------- Sweden--0.4% HIQ International AB 3,200 19,781 ---------- United Kingdom--11.7% Aero Inventory PLC 1,808 13,013 Alphameric PLC 5,308 4,961 ARM Holdings PLC 13,467 33,144 Computacenter PLC 7,536 39,601 Domino Printing Sciences PLC 3,819 24,236 iSOFT Group PLC 9,197 10,170 LogicaCMG PLC 48,924 178,098 Misys PLC 25,833 109,334 Morse PLC 10,125 21,401 Psion PLC 2,650 5,861 RM PLC 3,312 12,591 Royalblue Group PLC 498 10,117 Sage Group PLC (The) 22,454 119,093 Xansa PLC 19,256 32,693 Zetex PLC 5,738 7,300 ---------- Total United Kingdom 621,613 ---------- See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited) (continued) WisdomTree International Technology Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES --99.8% (Cost: $4,989,815) (a) $5,309,346 Cash, Foreign Cash and Other Assets in Excess of Liabilities--0.2% 11,771 ---------- NET ASSETS--100.0% $5,321,117 ========== (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 3 WisdomTree International Technology Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Software 34.9% Office & Business 30.0% Computers 26.1% Semiconductors 8.8% + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Utilities Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.8% Australia--0.8% Alinta Ltd. 20,251 $ 188,669 ----------- Austria--0.3% Verbund (Osterreichische Elektrizitatswirtschafts-AG) Class A 1,288 68,650 ----------- Finland--4.7% Fortum Oyj 37,265 1,059,448 ----------- France--13.3% Gaz de France S.A. 11,794 541,993 Suez S.A. 39,608 2,048,948 Veolia Environnement S.A. 5,641 434,409 ----------- Total France 3,025,350 ----------- Germany--14.1% E.ON AG 15,216 2,063,242 MVV Energie AG 1,224 41,965 RWE AG 10,038 1,105,257 ----------- Total Germany 3,210,464 ----------- Hong Kong--4.7% China Power International Development Ltd. 60,000 32,942 China Resources Power Holdings Co. 32,000 48,305 CLP Holdings Ltd. 85,000 628,436 Hong Kong & China Gas Co. 24,000 54,004 HongKong Electric Holdings Ltd. 64,000 313,530 ----------- Total Hong Kong 1,077,217 ----------- Italy--15.3% ACEA SpA 5,091 97,543 AEM SpA 38,244 127,715 ASM Brescia SpA 19,793 108,250 Enel SpA 227,613 2,345,610 Hera SpA 16,485 71,518 Iride SpA 9,379 30,548 Snam Rete Gas SpA 74,515 422,269 Terna Rete Elettrica Nazionale SpA 78,178 264,682 ----------- Total Italy 3,468,135 ----------- Japan--10.2% Chubu Electric Power Co., Inc. 10,800 322,672 Chugoku Electric Power Co., Inc. (The) 5,600 124,074 Electric Power Development Co., Ltd. 2,000 87,953 Hokkaido Electric Power Co., Inc. 3,200 81,642 Hokuriku Electric Power Co. 3,200 72,645 Kansai Electric Power Co., Inc. (The) 12,400 334,052 Kyushu Electric Power Co., Inc. 8,000 210,818 Osaka Gas Co., Ltd. 24,000 89,228 Saibu Gas Co., Ltd. 4,000 9,366 Shikoku Electric Power Co., Inc. 3,600 85,653 Toho Gas Co., Ltd. 4,000 19,437 Tohoku Electric Power Co., Inc. 6,400 159,792 Tokyo Electric Power Co., Inc. (The) 18,400 594,520 Tokyo Gas Co., Ltd. 24,000 127,498 ----------- Total Japan 2,319,350 ----------- See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited) (continued) WisdomTree International Utilities Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- New Zealand--0.6% Contact Energy Ltd. 14,874 $ 87,257 Vector Ltd. 22,644 40,235 ----------- Total New Zealand 127,492 ----------- Norway--0.1% Hafslund ASA Class B 800 14,969 ----------- Portugal--2.0% Energias de Portugal S.A. 87,905 445,117 ----------- Spain--12.2% Enagas 3,572 82,994 Endesa S.A. 21,848 1,032,258 Gas Natural SDG S.A. 9,917 392,181 Iberdrola S.A. 20,235 883,737 Red Electrica de Espana 2,196 94,083 Sociedad General de Aguas de Barcelona S.A. Class A 1,926 70,477 Union Fenosa S.A. 4,509 222,967 ----------- Total Spain 2,778,697 ----------- United Kingdom--21.5% Centrica PLC 95,545 662,900 Kelda Group PLC 11,372 206,097 National Grid PLC 93,345 1,346,427 Northumbrian Water Group PLC 17,565 105,195 Pennon Group PLC 10,239 114,424 Scottish & Southern Energy PLC 26,428 803,784 Scottish Power PLC 49,448 723,893 Severn Trent PLC 7,745 222,824 United Utilities PLC 46,152 704,546 XP Power PLC 3,294 26,271 ----------- Total United Kingdom 4,916,361 ----------- TOTAL INVESTMENTS IN SECURITIES--99.8% (Cost: $21,713,341) (a) 22,699,919 Foreign Cash and Other Assets in Excess of Liabilities--0.2% 35,765 ----------- NET ASSETS--100.0% $22,735,684 =========== (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. 2 WisdomTree International Utilities Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Electric 80.3% Gas 11.4% Water 8.1% + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. Schedule of Investments (unaudited) WisdomTree International Health Care Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- COMMON STOCKS--99.5% Australia--10.6% Australian Pharmaceutical Industries Ltd. 106,342 $ 186,078 Cochlear Ltd. 5,135 234,750 CSL Ltd. 5,968 307,499 Healthscope Ltd. 52,099 221,337 Primary Health Care Ltd. 21,832 228,866 Ramsay Health Care Ltd. 25,671 229,654 Sigma Pharmaceuticals Ltd. 111,608 263,028 Sonic Healthcare Ltd. 25,741 301,901 Symbion Health Ltd. 84,650 253,540 ----------- Total Australia 2,226,653 ----------- Belgium--1.7% Omega Pharma S.A. 128 9,646 UCB S.A. 5,187 355,330 ----------- Total Belgium 364,976 ----------- Denmark--6.7% Coloplast A/S Class B 2,350 212,423 GN Store Nord A/S 12,000 177,248 H. Lundbeck A/S 9,800 270,002 Novo-Nordisk A/S Class B 6,400 532,663 Novozymes A/S Class B 2,600 223,523 ----------- Total Denmark 1,415,859 ----------- France--10.3% Cie Generale D'Optique Essilor International S.A. 3,001 322,320 Generale de Sante 5,313 217,186 Sanofi-Aventis 17,616 1,624,894 ----------- Total France 2,164,400 ----------- Germany--8.6% ALTANA AG 5,762 357,109 Celesio AG 5,665 303,587 Curanum AG 531 4,831 Fresenius AG 1,166 233,261 Fresenius Medical Care AG & Co. KGaA 2,382 317,150 Merck KGaA 1,959 202,887 Rhoen-Klinikum AG 3,993 190,554 Schwarz Pharma AG 35 4,403 Stada Arzneimittel AG 3,556 203,742 ----------- Total Germany 1,817,524 ----------- Ireland--0.1% United Drug PLC 3,277 16,948 ----------- Italy--2.4% Luxottica Group SpA 9,623 295,409 Recordati SpA 26,194 200,854 ----------- Total Italy 496,263 ----------- Japan--17.9% Alfresa Holdings Corp. 400 24,137 Astellas Pharma, Inc. 9,000 408,627 Chugai Pharmaceutical Co., Ltd. 12,100 249,301 Dainippon Sumitomo Pharma Co., Ltd. 14,000 162,612 Eisai Co., Ltd. 7,200 395,183 Fuso Pharmaceutical Industries Ltd. 1,000 2,895 Hisamitsu Pharmaceutical Co., Inc. 400 12,656 Hitachi Medical Corp. 1,000 10,331 Hogy Medical Co., Ltd. 100 3,869 See Notes to Schedule of Investments. 1 Schedule of Investments (unaudited)(continued) WisdomTree International Health Care Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Kaken Pharmaceutical Co., Ltd. 1,000 $ 7,797 Kobayashi Pharmaceutical Co., Ltd. 400 14,905 Kyowa Hakko Kogyo Co., Ltd. 28,000 239,453 Mediceo Paltac Holdings Co., Ltd. 8,800 166,539 Miraca Holdings, Inc. 400 9,198 Mochida Pharmaceutical Co., Ltd. 1,000 8,535 Nihon Kohden Corp. 800 18,262 Paramount Bed Co., Ltd. 800 13,495 Paris Miki, Inc. 10,400 188,091 Seikagaku Corp. 800 8,070 Shimadzu Corp. 3,000 26,411 Shionogi & Co., Ltd. 11,000 216,021 SSP Co., Ltd. 3,000 17,674 Suzuken Co., Ltd. 500 18,799 Sysmex Corp. 300 11,733 Taisho Pharmaceutical Co., Ltd. 12,000 218,035 Takeda Pharmaceutical Co., Ltd. 12,800 877,647 Tanabe Seiyaku Co., Ltd. 16,000 208,804 Terumo Corp. 5,200 204,238 Toho Pharmaceutical Co., Ltd. 100 1,813 Topcon Corp. 400 7,939 Torii Pharmaceutical Co., Ltd. 400 6,210 Towa Pharmaceutical Co., Ltd. 100 3,256 ----------- Total Japan 3,762,536 ----------- New Zealand--1.2% Fisher & Paykel Healthcare Corp. 75,683 227,331 Ryman Healthcare Ltd. 2,092 15,857 ----------- Total New Zealand 243,188 ----------- Singapore--1.1% Parkway Holdings Ltd. 117,000 239,445 ----------- Spain--0.1% FAES FARMA, S.A. 779 26,975 ----------- Sweden--1.4% Getinge AB Class B 11,400 255,721 Meda AB Class A 400 16,192 Q-Med AB 850 13,260 ----------- Total Sweden 285,173 ----------- Switzerland--17.6% Merck Serono S.A. 298 267,070 Nobel Biocare Holding AG 908 267,967 Novartis AG 26,908 1,548,527 Phonak Holding AG 288 22,885 Roche Holding AG 7,744 1,386,142 Straumann Holding AG 852 205,898 ----------- Total Switzerland 3,698,489 ----------- United Kingdom--19.8% AstraZeneca PLC 25,135 1,349,855 Bespak PLC 991 12,200 Dechra Pharmaceuticals PLC 1,410 7,272 GlaxoSmithKline PLC 77,295 2,033,176 Huntleigh Technology PLC 1,306 12,224 Shire PLC 11,606 240,549 See Notes to Schedule of Investments. 2 Schedule of Investments (unaudited)(concluded) WisdomTree International Health Care Sector Fund December 31, 2006 ================================================================================ Investments Shares U.S. $ Value - -------------------------------------------------------------------------------- Smith & Nephew PLC 28,909 $ 301,567 SSL International PLC 28,888 209,050 ----------- Total United Kingdom 4,165,893 ----------- TOTAL INVESTMENTS IN SECURITIES --99.5% (Cost: $20,506,694) 20,924,322 Foreign Cash and Other Assets in Excess of Liabilities--0.5% 104,981 ----------- NET ASSETS--100.0% $21,029,303 =========== (a) Aggregate cost for Federal income tax purposes is substantially the same as for book purposes. See Notes to Schedule of Investments. WisdomTree International Health Care Sector Fund Industry Breakdown % of the Fund's Net Assets as of 12/31/06+ Pharmaceuticals 71.2% Health Care Products 15.5% Health Care Services 10.5% Biotechnology 2.3% + The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. Notes to Schedule of Investments (unaudited) 1. ORGANIZATION WisdomTree Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Trust was established as a Delaware statutory trust pursuant to a Trust Instrument dated December 15, 2005. As of December 31, 2006, the Trust offered 30 investment funds (each a "Fund", collectively, the "Funds"). Each Fund is considered to be non-diversified. The Funds commenced operations on June 16, 2006, with the exception of the international sector funds which commenced operations on October 13, 2006. These notes relate to the schedule of investments for WisdomTree Total Dividend Fund ("Total Dividend Fund"), WisdomTree High-Yielding Equity Fund ("High-Yielding Equity Fund"), WisdomTree Dividend Top 100 Fund ("Dividend Top 100 Fund"), WisdomTree LargeCap Dividend Fund ("LargeCap Dividend Fund"), WisdomTree MidCap Dividend Fund ("MidCap Dividend Fund"), WisdomTree SmallCap Dividend Fund ("SmallCap Dividend Fund"), WisdomTree DEFA Fund ("DEFA Fund", formerly, the WisdomTree DIEFA Fund), WisdomTree DEFA High-Yielding Equity Fund ("DEFA High-Yielding Equity Fund", formerly, the WisdomTree DIEFA High-Yielding Fund), WisdomTree Europe Total Dividend Fund ("Europe Total Dividend Fund"), WisdomTree Europe High-Yielding Equity Fund ("Europe High-Yielding Equity Fund"), WisdomTree Europe SmallCap Dividend Fund ("Europe SmallCap Dividend Fund"), WisdomTree Japan Total Dividend Fund ("Japan Total Dividend Fund"), WisdomTree Japan High-Yielding Equity Fund ("Japan High-Yielding Equity Fund"), WisdomTree Japan SmallCap Dividend Fund ("Japan SmallCap Dividend Fund"), WisdomTree Pacific ex-Japan Total Dividend Fund ("Pacific ex-Japan Total Dividend Fund"), WisdomTree Pacific ex-Japan High-Yielding Equity Fund ("Pacific ex-Japan High-Yielding Equity Fund"), WisdomTree International LargeCap Dividend Fund ("International LargeCap Dividend Fund"), WisdomTree International Dividend Top 100 Fund ("International Dividend Top 100 Fund"), WisdomTree International MidCap Dividend Fund ("International MidCap Dividend Fund"), WisdomTree International SmallCap Dividend Fund ("International SmallCap Dividend Fund"), WisdomTree International Basic Materials Sector Fund ("International Basic Materials Sector Fund"), International Communications Sector Fund ("International Communications Sector Fund"), International Consumer Cyclical Sector Fund ("International Consumer Cyclical Sector Fund"), International Consumer Non-Cyclical Sector Fund ("International Consumer Non-Cyclical Sector Fund"), International Energy Sector Fund ("International Energy Sector Fund"), International Financial Sector Fund ("International Financial Sector Fund"), International Industrial Sector Fund ("International Industrial Sector Fund"), International Technology Sector Fund ("International Technology Sector Fund"), International Utilities Sector Fund ("International Utilities Sector Fund") and the International Health Care Sector Fund ("International Health Care Sector Fund"). Each Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of a particular index ("Index") developed by WisdomTree Investments, Inc. Each Index consists of dividend paying securities in the market suggested by its name that meet specific criteria developed by WisdomTree Investments, Inc. ("Wisdom Tree Investments"). "WisdomTree", "Dividend Top 100", "WisdomTree DEFA", and "Dividend Top 100" are service marks of WisdomTree Investments and have been licensed for use by the Trust. WisdomTree Investments has patent applications pending on the methodology and operation of its Indexes and the Funds. 2. SIGNIFICANT ACCOUNTING POLICIES (a) Investment Valuation-Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. The Net Asset Value ("NAV") of each Fund's shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time (the "NAV Calculation Time"). NAV per share is calculated by dividing a Fund's net assets by the number of Fund shares outstanding. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. The Fund may rely on an independent fair valuation service in adjusting the valuations of foreign securities. Unlisted equity securities are valued at last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and asked prices. Securities for which market quotations are not readily available are valued at fair value as determined by management and in accordance with procedures approved by the Board of Trustees. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates current market value. 1 Notes to Schedule of Investments (unaudited)(continued) (b) Investment Transactions- Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). (c) 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 deemed appropriate by the investment adviser. (d) Security Lending- Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds' securities lending agent. The loans are collateralized at all times by cash and/or high grade debt obligations in an amount at least equal to 102% of the market value of domestic securities loaned (105% in the case of foreign securities loaned) as determined at the close of business on the preceding business day. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower and reasonable administrative and custody fees. 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. The Funds retain all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund's securities if the borrower defaults. (e) 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 in which a Fund may invest include short-term obligations issued by the U.S. Government, 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. 2 Notes to Schedule of Investments (unaudited)(concluded) 3. FEDERAL TAX INFORMATION At December 31, 2006, the aggregate gross unrealized appreciation and depreciation of investments for Federal income tax purposes were substantially the same, as for book purposes, as indicated below:
=========================================================================================================================== Tax Cost (Including Gross Gross Net Securities on Unrealized Unrealized Unrealized Fund Loan) Appreciation Depreciation Appreciation - --------------------------------------------------------------------------------------------------------------------------- Total Dividend Fund $ 59,370,744 $ 4,585,316 $ (229,423) 4,355,893 - --------------------------------------------------------------------------------------------------------------------------- High-Yielding Equity Fund 131,532,717 6,361,447 (551,632) 5,809,815 - --------------------------------------------------------------------------------------------------------------------------- Dividend Top 100 Fund 115,976,169 3,630,161 (588,639) 3,041,522 - --------------------------------------------------------------------------------------------------------------------------- LargeCap Dividend Fund 194,298,403 11,230,187 (756,164) 10,474,023 - --------------------------------------------------------------------------------------------------------------------------- MidCap Dividend Fund 47,481,638 2,269,857 (271,138) 1,998,719 - --------------------------------------------------------------------------------------------------------------------------- SmallCap Dividend Fund 69,016,027 3,089,530 (593,450) 2,496,080 - --------------------------------------------------------------------------------------------------------------------------- DEFA Fund 56,170,204 6,024,034 (64,699) 5,959,335 - --------------------------------------------------------------------------------------------------------------------------- DEFA High-Yielding Equity Fund 85,664,197 7,603,388 (164,848) 7,438,540 - --------------------------------------------------------------------------------------------------------------------------- Europe Total Dividend Fund 22,660,173 2,018,306 (19,503) 1,998,803 - --------------------------------------------------------------------------------------------------------------------------- Europe High-Yielding Equity Fund 33,542,173 3,527,226 (36,679) 3,490,547 - --------------------------------------------------------------------------------------------------------------------------- Europe SmallCap Dividend Fund 27,153,601 7,009,711 (111,173) 6,898,538 - --------------------------------------------------------------------------------------------------------------------------- Japan Total Dividend Fund 25,334,677 3,024,144 (524,072) 2,500,072 - --------------------------------------------------------------------------------------------------------------------------- Japan High-Yielding Equity Fund 26,488,114 4,156,738 (528,305) 3,628,433 - --------------------------------------------------------------------------------------------------------------------------- Japan SmallCap Dividend Fund 30,163,773 1,296,904 (432,360) 864,544 - --------------------------------------------------------------------------------------------------------------------------- Pacific ex-Japan Total Dividend Fund 29,248,221 3,028,893 (15,442) 3,013,451 - --------------------------------------------------------------------------------------------------------------------------- Pacific ex-Japan High-Yielding Equity Fund 47,741,064 5,072,884 (21,987) 5,050,897 - --------------------------------------------------------------------------------------------------------------------------- International LargeCap Dividend Fund 37,279,555 5,538,163 (49,624) 5,488,539 - --------------------------------------------------------------------------------------------------------------------------- International Dividend Top 100 Fund 141,497,450 13,254,256 (35,822) 13,218,434 - --------------------------------------------------------------------------------------------------------------------------- International MidCap Dividend Fund 51,266,513 7,392,476 (256,780) 7,135,696 - --------------------------------------------------------------------------------------------------------------------------- International SmallCap Dividend Fund 107,643,967 10,543,019 (498,573) 10,044,446 - --------------------------------------------------------------------------------------------------------------------------- International Basic Materials Sector Fund 5,004,875 716,848 (7,463) 709,385 - --------------------------------------------------------------------------------------------------------------------------- International Communications Sector Fund 4,991,675 733,594 (23,832) 709,762 - --------------------------------------------------------------------------------------------------------------------------- International Consumer Cyclical Fund 4,975,088 686,396 (28,769) 657,627 - --------------------------------------------------------------------------------------------------------------------------- International Consumer Non-Cyclical Fund 20,852,800 569,886 (142,508) 427,378 - --------------------------------------------------------------------------------------------------------------------------- International Energy Sector Fund 21,603,821 681,169 (94,069) 587,100 - --------------------------------------------------------------------------------------------------------------------------- International Financial Sector Fund 4,993,421 456,801 (29,147) 427,654 - --------------------------------------------------------------------------------------------------------------------------- International Industrial Sector Fund 4,998,299 680,148 (24,876) 655,272 - --------------------------------------------------------------------------------------------------------------------------- International Technology Sector Fund 4,989,815 350,869 (31,338) 319,531 - --------------------------------------------------------------------------------------------------------------------------- International Utilities Sector Fund 21,713,341 1,063,270 (76,692) 986,578 - --------------------------------------------------------------------------------------------------------------------------- International Health Care Sector Fund 20,506,694 597,171 (179,543) 417,628 ===========================================================================================================================
3 Item 2. Controls and Procedures. (a) Based on their evaluation of the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) as of a date within 90 days prior to the filing date of this report, the Chief Executive Officer and Chief Financial Officer of the Registrant have concluded that such disclosure controls and procedures are reasonably designed and effective to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to them by others within those entities. (b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. Item 3: Exhibits. (i) Certification of each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2) is attached hereto as a part of EX-99.CERT. 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: /s/ Jonathan L. Steinberg --------------------------------------------------------------------------- Jonathan L. Steinberg Principal Executive Officer Date: February 23, 2007 -------------------------------------------------------------------------- By: /s/ Marc J. Ruskin --------------------------------------------------------------------------- Marc J. Ruskin Principal Financial Officer Date: February 23, 2007 -------------------------------------------------------------------------- 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: /s/ Jonathan L. Steinberg --------------------------------------------------------------------------- Jonathan L. Steinberg Principal Executive Officer Date: February 23, 2007 -------------------------------------------------------------------------- By: /s/ Marc J. Ruskin --------------------------------------------------------------------------- Marc J. Ruskin Principal Financial Officer Date: February 23, 2007 -------------------------------------------------------------------------- EX-99.CERT 2 v065206_ex99-cert.txt CERTIFICATIONS I, Jonathan L. Steinberg, certify that: 1. I have reviewed this report on Form N-Q of WisdomTree Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed; 4. The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and 5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting. Date: February 23, 2007 /s/ Jonathan L. Steinberg ---------------------------- Jonathan L. Steinberg Principal Executive Officer CERTIFICATIONS I, Marc J. Ruskin, certify that: 1. I have reviewed this report on Form N-Q of WisdomTree Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed; 4. The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and 5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting. Date: February 23, 2007 /s/ Marc J. Ruskin --------------------------- Marc J. Ruskin Principal Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----